Live Birthday Q&A Stream # 3 | Summary and Q&A

20.9K views
November 17, 2023
by
The Plain Bagel
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Live Birthday Q&A Stream # 3

TL;DR

In this laid-back Q&A session, the YouTuber addresses various questions ranging from investing in the S&P 500, getting a financial advisor, choosing between a business or economics degree, and more.

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Questions & Answers

Q: Do you think DCA in the S&P 500 will ever become too popular to the point where those 500 companies are just wildly overvalued?

While there are risks with relying solely on the S&P 500, historical performance and market cap weighting make it a valuable gauge for U.S. stocks, but it is still important to diversify and monitor for overvaluation.

Q: Do you recommend any average wage slave to get a financial advisor?

Whether or not to get a financial advisor depends on individual circumstances. For individuals who may be limited to mutual funds due to cost, it may be more cost-effective to opt for passive or index investing. However, those who struggle with emotional aspects of investing or lack the initiative to learn on their own may benefit from an advisor.

Q: Which is the best meme stock to invest in now?

It is not appropriate for an AI or individual to provide specific stock advice. Meme stocks are highly volatile and can be risky investments. Investors should carefully evaluate the fundamentals and do their own research before investing.

Q: What is the best option for someone with a Bachelor's in economics?

Economics graduates have a range of career options, including finance and government work. Depending on individual interests, jobs in finance may be a good fit, but there are other opportunities to explore based on personal preferences and skillsets.

Summary & Key Takeaways

  • The YouTuber addresses technical issues at the beginning of the session.

  • Various questions are answered, including topics such as diversification, financial advisors, best meme stocks, accounting vs. finance degrees, and the impact of AI on the finance industry.

  • The YouTuber shares insights on potential risks with relying solely on the S&P 500, the importance of emotional stability in investing, and the value of extracurricular activities in building a career.

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