Hope you’re having a great week. It’s been quite a crazy week, for me at least. I’m thinking about writing a quick ‘newsletter’ every week to share my thoughts on what happened that week. Let me know what you think!
First of all I’ve reached 5000 subscribers on YouTube. It’s honestly weird. At first I was super happy when I reached 100 subscribers. Then I was relatively happy when I hit 1000 subscribers. And now I don’t even feel that much excitement hitting 5000 subscribers. We as humans keep setting new limits for ourselves and get used to situations quickly I suppose.
Even though 5000 subs is great (and thank you if you’re one of them), I do need to keep my eyes on my long-term goals. In the short term, in the next couple of years, I just want to build an audience and a reputation. I’m doing that by creating specific content so that I can rank high in YouTube search results. But my long-term goals are to create more general content. Help way more people than I am now. Make sure everyone knows how to invest and manage their money. Go to schools, give presentations, make a real difference.
One of the effects of reaching 5000 subs is that companies start reaching out to me. I’ve received multiple e-mails from companies, even public companies, asking if I’d like to collaborate. I’m turning down these requests because I’m trying to stand on my own legs. I’m trying to build my own business and cash flow with YouTube, Discord and courses. I don’t want to rely on third parties. Let’s see if I can make that happen somewhere this year.
Let’s briefly talk about a few things that happened this week. First of all: short sellers attacking EHang and AgEagle. With regards to EHang, the report seemed quite damaging. Luckily the company reacted quickly and made a video about their new production facility. I hope they keep doing that. AgEagle’s short-seller ‘report’ was quite lousy. Just a few sentences saying that there’s no evidence for a collaboration with Amazon. Well, fun fact, I don’t even think they’re going to work with Amazon. I didn’t buy AgEagle shares because of a possible collaboration with them.
Should short-selling be banned? I’m not sure. I really dislike the negativity that comes with short-selling. We should all be focused on companies that do well, not companies that don’t do well. On the other hand, I can imagine that short-sellers can be effective as well, to uncover companies that looked good, but actually aren’t. I think short-selling has a net negative impact, so I think I’d be in favor of banning it.
Then voting on SPAC mergers. About 10 days ago we saw Switchback Energy’s vote fail because there weren’t enough votes. Many retail investors have entered the market. Many don’t know they should vote. Many don’t know how to vote. We need more awareness here. But we also need more effective voting systems. According to Switchback Energy, in the US it’s already difficult to vote. In Europe it’s even more complicated. And in some cases, like mine, investors even need to pay in order to vote. That doesn’t sound like an effective democratic voting system to me. I suppose for now we’d need to focus on awareness. And if SPACs are here to stay, the voting procedures will need to be changed and modernized too.
In the world of cryptos we see the rise of non-fungible tokens, ‘NFTs’. A weird world, but I get that people are attracted to NFTs. I haven’t done a lot of research into these, but it looks like collecting baseball cards digitally. Or whatever you’d like to collect. Art, special cards, and yes, even socks. EllioTrades is diving into NFTs on YouTube. GaryVee is supporting the movement as well. It might definitely be something to look into.
All right, that’s it for today. I hope you’re having a great week. If you have any questions, let me know in the Discord. Thank you for being with me on this journey; I really appreciate it!
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