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In this episode we start off with a quick discussion on NFTs, the metaverse and venture capital investments. We get into the process of buying an NFT and talk about the utility of NFTs now and in the future. Vinth talks about his experience stumbling upon an NFT project that aimed to capitalize on the recent success of the blue-chip project “Bored Ape Yacht Club” or BAYC. Believe it or not we find a way to relate Hero Bread (which is something Tom Brady invested in) to the utility of NFTs. All three of us share our individual stock market investing journeys with the audience. We started out being dividend focused but soon realized, at our age growth is the way to go. Vinth goes over what he generally looks for before investing in a company and we talk about why it’s important to invest. We talk about the reality of saving up for a down payment in the GTA. Today’s rate of inflation makes saving your way to a down payment like trying to climb up an escalator that’s going down twice as fast. Imagine if everyone put the same energy into learning to invest as they did when they studied for their midterms and finals during undergrad. Instead, many people nowadays who are new to the stock market treat it like a casino and throw their money way. It’s important to learn about how the machine that is “the stock market” works and functions and that is what we get more into in Episode #3. In the meantime, we talk about the top 20 most valuable public companies in both Canada and the United States. These companies are valued according to market capitalization or market cap for short. We go on to talk about some lessons from Morgan Housel’s book Psychology of Money and explain how market cap relates to stock price. Follow the show on Youtube and Instagram @wealthispossible
In this episode we start off with a quick discussion on NFTs, the metaverse and venture capital investments. We get into the process of buying an NFT and talk about the utility of NFTs now and in the future. Vinth talks about his experience stumbling upon an NFT project that aimed to capitalize on the recent success of the blue-chip project “Bored Ape Yacht Club” or BAYC. Believe it or not we find a way to relate Hero Bread (which is something Tom Brady invested in) to the utility of NFTs. All three of us share our individual stock market investing journeys with the audience. We started out being dividend focused but soon realized, at our age growth is the way to go. Vinth goes over what he generally looks for before investing in a company and we talk about why it’s important to invest. We talk about the reality of saving up for a down payment in the GTA. Today’s rate of inflation makes saving your way to a down payment like trying to climb up an escalator that’s going down twice as fast. Imagine if everyone put the same energy into learning to invest as they did when they studied for their midterms and finals during undergrad. Instead, many people nowadays who are new to the stock market treat it like a casino and throw their money way. It’s important to learn about how the machine that is “the stock market” works and functions and that is what we get more into in Episode #3. In the meantime, we talk about the top 20 most valuable public companies in both Canada and the United States. These companies are valued according to market capitalization or market cap for short. We go on to talk about some lessons from Morgan Housel’s book Psychology of Money and explain how market cap relates to stock price. Follow the show on Youtube and Instagram @wealthispossible