Gopro. I'm DOWN HUGE and HAPPY. Why?

TL;DR

Jeremy, from the Financial Education Channel, explains why he is happy about his significant losses in GoPro shares.

Transcript

good day subscribers thank you so much for joining me today I am Jeremy this is the financial education Channel and today we're talking about a weird subject we were talking about why I am happy you heard me right happy GoPro shares have gone down as you guys probably all know on this channel I'm down over 30 well over 30% on my GoPro position righ... Read More

Key Insights

• 👯 Jeremy believes it is important for people to make their own investment decisions and not rely solely on the recommendations of others.
• 🏛️ By openly discussing his failures alongside his successes, Jeremy builds credibility and trust with his audience.
• 💬 Trolls, although negative, can bring controversy that attracts more views and comments, thus contributing to YouTube success.
• 😀 Jeremy is happy about his losses in GoPro shares because it prevents people from blindly following his investment decisions, which he believes would be risky and against his goal of teaching others to make informed choices.
• 💨 The loss also helps build Jeremy's credibility as he does not shy away from discussing his failures.
• 🧌 Trolls provide some level of engagement and controversy, contributing to overall YouTube success.
• 💬 Jeremy highlights the importance of thick skin when dealing with negative comments and trolls.

Questions & Answers

Q: Why is Jeremy happy about losing money in GoPro shares?

Jeremy explains that if he was making significant profits, people would blindly follow his investment decisions, which he considers risky and against his goal of teaching people to make informed decisions.

Q: How does Jeremy believe his losses in GoPro shares help build credibility?

By owning up to his loss and discussing it openly, Jeremy builds trust with his audience and shows that he is not afraid to discuss his failures alongside his successes.

Q: Why does Jeremy believe trolls are important for YouTube success?

Jeremy explains that having a few trolls provides some controversy and brings in more views and comments. It also helps him build a thick skin and not let negative comments affect him.

Q: What is the main reason Jeremy is happy about his GoPro losses?

The main reason is to avoid the "Follow the Leader" scenario, where his success in specific investments would lead people to blindly follow him, potentially resulting in significant losses for them.

Summary & Key Takeaways

• Jeremy has lost over 30% in his GoPro investment, amounting to tens of thousands of dollars.

• Despite the financial loss, he is happy about it for several reasons.

• First, it helps him avoid the "Follow the Leader" phenomenon where people blindly invest in his recommendations.