Name: My response to Coronavirus/COVID-19 (as a millionaire)
Uploaded: 2020-03-28T16:51:17.000Z
Duration: 8 min 41 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Tackle a tear and then today special episode I thought I would share how I'm coping with this current crisis, this pandemic And it's been tough.

If you've been following me, then you know that about a week ago I was still in Japan, and then I returned home here to California, to self quarantine.

Spend the time with my kid who was still over there.

And while I was there, I tried to convince my ex wife who was managing my kid over there to evacuate.

I wanted everyone to just out of Japan come over here to California, at least where there would be less of a infection rate.

And it would be better for everyone's physical safety, not to mention Japan and still dealing with all of the Fukushima.

Fall out like they're dumping on that radioactive water into the ocean.

So I tried to make my case for that, but I couldn't get her to budge, and they're just staying there.

So, for myself, I decided I need to do evacuate and this was a pretty difficult decision.

It was deciding essentially between my own life or spending more time with my son.

And, you know, I just can't put my own life at risk.

And even when I was in Japan, there was this moment where I suddenly became sick.

Today I started to have sort of this old type of headache.

I have a slight running those, but mostly that that is just going around the little bit dazed.

I started getting some cold like symptoms.

Some chose ahead again and became seriously concerned because until it happens to you, then it's almost kind of exciting.

Kind of interesting to think about the science fiction world.

We are maybe going into where it's you versus the zombies.

But when you're the zombie, when you're already infected and it's just not that funny anymore.

And I realized I couldn't forgive myself if I became sick and I knew I had to evacuate.

So that brought me back home to California and that war mascot, the entire airplane, right and was funny as I transferred through Vancouver and from Japan over to Vancouver, Everybody had masks on all the flight attendants, the captain.

But then from Vancouver into California, nobody had masks on.

All the airplane cabin attendants would be talking to everybody.

And that's when I realized that the Western society may be screwed when compared to Asia.

Anyway, I'm back here with my parents place.

I have self corn time to myself, and I don't interact with them.

We've walked off certain sections of the house and mostly I don't go out.

So life hasn't really changed all that much for me.

One thing I am doing is preparing as stocking up on stuff you can see over here.

I've ordered 12 rolls of toilet paper, so these are the industrial larger quantity toilet paper rolls.

So with these, I know I will never run out.

This video is sponsored by Weeble Weebles, a pretty nice stock trading app.

I used all the time to check stock prices, make a future is under and just for trying it and this free.

They'll give you two free stock's value that over $1000.

There will be a link in the description below.

Now, what about the stock markets while they've been tanking and perhaps luckily, fortunately for me, I managed to sell out of all of my positions pretty much just before the stocks crashed.

And the reason was at the time, there's already a lot of news about this epidemic one around, at least over in Japan and Asia.

It was pretty big news over there, so it was bigger in my mind, and that just didn't sense that the risk reward ratio would be quite worth.

Well, like I could imagine that the stock market could tank 20% but I didn't imagine it skyrocketing, say another 20%.

It just seemed like we were about to enter some recession.

I just thought to myself, Well, let me just get out of all of my positions and maybe I'll just be safer that way.

I can see here that the stock market's dropped about 16% since then.

Primarily I moved my assets into cash bonds and some goat.

Now, as for a goat, I'm not entirely confident about it, because if you check dated from prior crashes, go tends to sometimes crash as well.

When stock markets crashed, investors just pull all of their funds other, the markets and everything just goes down.

If you check the historical graphs, they usually seem to stay steady, so they're decent.

Hedge and assets like silver tend to go down as well, although in this current downtrend it seems that goat has been a pretty decent hedge.

If you take a look at Bitcoin, that's pretty interesting because Bitcoin has happened to drop as well with the stock markets.

And that's kind of counterintuitive, because you would imagine that, well, isn't Bitcoin the decent hedge in the time like this?

But, you know, it could just be that investors are trying to de risk, and Bitcoin may just be considered another risky acid.

Well, there's a saying that never catch a falling knife, so when the stocks are going down, you don't necessarily want to be there to catch is I'm going to give us some time in Wei.

The greatest shortcoming of the human race is our inability to understand the exponential function.

And I tend to agree that perhaps most normal common people, the masses, they only know linear functions.

They don't understand that exponential growth curve.

So I'm not saying we're actually going to get to a point of mass panicked and many times the government were intervene and start pumping in tons of money into the stock market's just a prop things up.

So that's why many times I've shorted the market and I've just lost tons of money, like these artificial interventions by the Plunge Protection team.

They do actually work, and I don't like to bet against them.

So these days I don't even try to short the market, even if I think it may go down some more.

But overall, with the virus and this long term effects unknown, we don't know how this whole thing will play out.

I'm just the risking myself and attend to not invest in things that I don't understand.

If the stock markets do happen to recover and I miss out on that, then so be it.

There's always a bull market somewhere, and I don't need to catch every single opportunity necessarily.

And as for the recovery, well, one thing I've been monitoring is I've put in another order for some more wallets because the first batch completely sold out.

Thanks for the great reviews over on the Amazon, By the way, I'm going to try and get a few more made for you guys.

But the manufacturer told me, Yeah, they're going to try and make some more, but they haven't actually sent anything over.

And so I'm thinking, maybe they're just stalling and some kind of waiting to see When are they going to get back on schedule?

And when they do, they not know that the supply chains are back up and running.

And if you follow me over on instagram attack, lead HD, then I'll be tweeting stories, and I'll let you also know when I think it would be a good time to get back into the markets.

I'm not going to be held responsible for your financial losses, though, and you know It's kind of funding for me because now I see that maybe me being fired from Facebook last year, maybe that was a blessing in disguise because I don't have to be there anymore.

I don't have to go into the offices and risk my own life just to collect that paycheck.

But I can tell you that if were up to me, I would not be going into work.

If you're going into work, I would just email my manager and tell them I'm working from home for the next two weeks and then extend that as necessary.

Employers have a legal requirement to provide a safe workplace, and you know, this could be a long term disease because there's evidence that this fires can even go into your stem cells and it can re occur time after time it goes into your spine, and who knows what the long term effects of this can be?