"How I Afford to Travel the World"

[Gotcha]

(if the governments involved ever let it actually happen).

This is the ultimate mind fuck. No matter how fundamentally messed up this entire ponzi scheme of fiscal policy is, you simply cannot bet on rationality hitting the markets. The government has the power to do whatever it wishes to keep things flowing smoothly. I just cannot imagine even the drop we had in 2008. The pain this causes would be too great of a burden to solve. The only way for things to get bad would be for the powers that be to lose control of the situation, and considering that there is a strong military to prop up whatever needs to be propped up, it just isn't fathomable for this to happen.

 

[zdreg]

The government has the power to do whatever it wishes to keep things flowing smoothly

you heard it here 1st from poster Gotcha the government has found the secret sauce to eliminate the ups and downs of the business cycle.
in 1929 just before the Crash irwin fisher said that the market has reached a permanent high plateau. no matter his other achievement he is only remembered for that remark.
if you ever become famous you will also be remembered famously for the absurdity of your remark.

 

[jsmacksem]

Traveling the world is quite inexpensive. One does need a mental reboot of sorts if they've comfortably lived a 9-5 for years.

My 2 cents. Thanks for listening.

 

[_eug_]

The hate is because they live parasitically and basically give other people the wrong idea of how to "get ahead." Sure, one could say traders are the same bunch, but I don't think the expended risk is the same.

I'd say it's pretty universal here that most despise the false trading educator types for very similar reasons - so why should types like these get a free pass?

Also, these types are a dime a dozen and will be panic selling just like the rest of them when this market finally turns (if the governments involved ever let it actually happen).

I agree that bogus trading educators are parasitic but travel channels like that girl are great. It gives the 9-5 herd something to dream about and a perspective on alternative lifestyles. This is stuff that you will never see on mainstream TV. These type of channels open peoples eyes. Most of them have very positive messages like experiences over material things and minimalist living.

Some of these channels get funding from Patreon which is a site where people donate money directly to these content creators...skipping the ad revenue and all. There are some sailing channels that get $7k per video from viewers. This is obviously a service that is needed in our society.

Me personally I would not do it because I am a private person but kudos to the youtubers who put up quality non mainstream content.

 

[soulfire]

The hate is because they live parasitically and basically give other people the wrong idea of how to "get ahead." Sure, one could say traders are the same bunch, but I don't think the expended risk is the same.

I'd say it's pretty universal here that most despise the false trading educator types for very similar reasons - so why should types like these get a free pass?

Also, these types are a dime a dozen and will be panic selling just like the rest of them when this market finally turns (if the governments involved ever let it actually happen).

I don't follow your response - how is she living "parasitically"? She has a vlog about her experiences in not going the corporate 9-5 route and making money via the gig economy. I don't see what's parasitical about that.

Next, she's not teaching anyone about trading. Her followers ask her how she earns income to support her travels and she told them that trading stocks is part of her income. She's not selling any books and lessons and she clearly states that no one should consider her an expert and need to learn for themselves. She even tells folks to use a simulated account to experiment so as to not risk money.

Sure, her "trading plan" will suffer in a bear market, but so will most of the population including those that have standard 9-5 jobs and 401k accounts. But again, she's not trying to get people to follow her, so I don't see what the point is in personally attacking what she does.

What "wrong ideas" is she spreading on getting ahead? She's at an age where her obligations are few and can be free to explore different options. You have people on youtube that play video games, look at collector toys, do comedy, travel, etc,...and are now millionaires doing what started out as a fun hobby.

In my opinion, she's taking advantage of the new age economy while it's hot- being able to bypass Hollywood and make your own channel to broadcast a show that could turn into a solid income stream. If that's parasitic, then you have to say the same thing about the whole entertainment industry.

 

[recession2016]

Traveling the world is quite inexpensive. One does need a mental reboot of sorts if they've comfortably lived a 9-5 for years.

My 2 cents. Thanks for listening.

If she made this video right before the crash of '87 and didn't sell at the bottom, she'd be right all along

Maybe our time horizon is too short and maybe she's right

 

[Gotcha]

you heard it here 1st from poster Gotcha the government has found the secret sauce to eliminate the ups and downs of the business cycle.
in 1929 just before the Crash irwin fisher said that the market has reached a permanent high plateau. no matter his other achievement he is only remembered for that remark.
if you ever become famous you will also be remembered famously for the absurdity of your remark.

So you're telling me that the government has no involvement in the markets?

Lets see, interest rates being such an important factor, they have no control over? The statistics they publish cannot be changed in any way? The way they calculate and change the way they compile inflation data is something that is set in stone??

What world do you live in? The government will be the last person to tell you how things really are and the first to meddle in all this in order to prevent anything that might lead to chaos.

 

[zdreg]

So you're telling me that the government has no involvement in the markets?

Lets see, interest rates being such an important factor, they have no control over? The statistics they publish cannot be changed in any way? The way they calculate and change the way they compile inflation data is something that is set in stone??

What world do you live in? The government will be the last person to tell you how things really are and the first to meddle in all this in order to prevent anything that might lead to chaos.

your response has nothing to do with your original statement:"The government has the power to do whatever it wishes to keep things flowing smoothly." e.g. financial crisis of 2008 etc. proves the government does not have the power to make things run smoothly.

 

[Visaria]

I think there's this strange assumption on here that stocks are due to go down in price.

 

[Gotcha]

your response has nothing to do with your original statement:"The government has the power to do whatever it wishes to keep things flowing smoothly." e.g. financial crisis of 2008 etc. proves the government does not have the power to make things run smoothly.

Perhaps things went lower than they anticipated, but they still nevertheless cleaned up the problems quite nicely. 10 years later and interest rates are still at almost emergency levels and the FED still has a huge balance sheet. They probably learned that they need to act sooner and stronger as a result of 2008.