Why Is Jeremy from the Financial Education Channel Happy About His GoPro Losses?

TL;DR

Jeremy is happy about his GoPro losses because they discourage viewers from blindly copying his investments, strengthen his credibility, and create engagement through criticism. He says he is down well over 30% and tens of thousands of dollars across GoPro shares and call options. Read on to understand his three reasons and why he wants viewers to make their own investment decisions.

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 on GoPro?

Jeremy gives three main reasons: the loss discourages viewers from blindly following his stock choices, builds credibility by exposing a failed position, and generates engagement through trolls and controversy. He still calls the situation bittersweet because losing tens of thousands of dollars hurts.

Q: How much has Jeremy lost on his GoPro investment?

Jeremy says his GoPro position is down well over 30%. He describes the loss as tens of thousands of dollars rather than a small amount.

Q: What GoPro investments does Jeremy own?

Jeremy owns GoPro shares, 2018 call options, and 2019 call options. He describes himself as heavily invested in the company.

Q: What does Jeremy mean by the Follow the Leader problem?

The Follow the Leader problem occurs when viewers copy an investor's next stock purchase because previous picks performed well. Jeremy worries that those followers could suffer losses of 30%, 40%, or 50% without making an independent decision.

Q: Why does the GoPro loss help viewers make their own investment decisions?

The loss shows viewers that Jeremy can perform well on one position and poorly on another. He believes this makes people less likely to put money into every stock he buys and more likely to research and interpret information themselves.

Q: What does Jeremy mean when he says he wants to teach people how to fish?

Jeremy wants to teach viewers how to evaluate investments rather than simply give them stocks to copy. He argues that people who depend entirely on his choices will not know how to make decisions when he is no longer guiding them.

Q: How does discussing the GoPro loss build Jeremy's credibility?

Jeremy says openly discussing a failed investment shows that he does not present only his successes. Acknowledging both wins and failures helps build trust in him and the Financial Education Channel.

Q: Why does Jeremy think trolls can help his YouTube channel?

Jeremy believes trolls create controversy that can bring additional views and comments. He also says negative comments help him develop thick skin and become less affected by criticism.

Summary & Key Takeaways

• Who: Jeremy presents the Financial Education Channel and openly discusses his GoPro position.

• Number: His GoPro position is down well over 30%, representing tens of thousands of dollars.

• Definition: His GoPro holdings include shares, 2018 call options, and 2019 call options.

• When: The 2018 call options have about six months left, while the 2019 options have about a year and a half.

• Step 1: The loss helps prevent the Follow the Leader behavior of copying his next stock purchase.

• Step 2: Publicly discussing a failed position builds credibility because Jeremy shares failures alongside successes.

• Step 3: Trolls and controversy can generate more views and comments while helping Jeremy develop thick skin.

• Compare: His stock-buying videos receive 20,000, 30,000, or 40,000 views, creating substantial potential for viewers to copy him.

• Definition: Teaching people to fish means helping viewers research and decide independently instead of copying Jeremy's portfolio.

• Compare: Blind followers could lose 30%, 40%, or 50% if a copied stock falls after they invest.