Stock Investing

Byjack

I was talking to my friend Edgar and was inspired to do more stock investing.

My new stock investment strategy:

  1. Divest from all unclear funds
  2. Create a spreadsheet for fund allocation
  3. Pick a couple of stocks to focus on for the next 3 years
  4. Write down clear reasoning as to why it is a safe bet, how long I expect it to grow, and what would cause me to sell
  5. Create audit schedules to audit stocks

Here are my current list of Top Picks (high grow, low risk):

  1. Nvidia
  2. Alphabet
  3. Cloud computing ETF

Weak Picks (potential high grow or low risk, not enough information):

  1. Tesla
  2. Microsoft
  3. Take Two Interactive
  4. Meta
  5. AMD
  6. Intel
  7. Apple
  8. Tencent
  9. Intuit

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Drafting out My Disclaimer

Byjack

Intro goal:

  • Create a disclaimer for my hot takes channel
  • Make people understand why I’m doing what I’m doing
  • Make it ok for people to disagree and debate

It is important to talk about controversial issues because controversial issues are controversial because they are important issues. I have strong opinions and will say exactly what I mean and be very direct. I am not an expert on everything. I can be wrong and you can disagree with me. I might also change my mind, this is just what I believe right now.

Outro goal:

  • Get them thinking deeper
  • Get engagement

What came up for you during this video? What is your hot take? Add to the conversation in the comments sections below. I read everything.

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My Two Year Plan

Byjack

Here is my dream life:

  • Part time accountant: 2.2k-3.2k
  • Full time videographer: 4.3k-6.4k
  • Full time editor: 4.8k-6.9k
  • Apartment or down payment on house: 3k
  • Art studio 2k
  • Massage everyday: 1.7k-3.6k
  • Therapist 2 times a week: 2.8k
  • High end business coach: 4k
  • Eat out at a nice dinner 3 times per week: 1.2k
  • Fly first class to a destination with a plus one, with a nice airbnb every month: 5k
  • Organic high quality groceries: 1k
  • Nice quality clothes: 1k-2.3k

Total: 28.2k-41.4k

Per Year: 338.4k-496.8k

If I wanted to save 50%: 676.8k-993.6k

Before taxes that would be: 1.091M-1.601M

Meaning each month I would have to bring in: 90.1k-133.4k per month

I realize that this is more of an end goal. To get to the place I want to be right now, I don’t need to make enough to save 50%. That can come later. I highly suspect that having a great business coach, massages, and a therapist will enable me to double and triple my income.

So lets take another look at the numbers. What is the bare minimum I need to get into this lifestyle?

338.4k per year -> 531.8k before taxes

44.3k per month

If we were to operate on the Parrado Principal just for coaching:

  • 80% from group coaching: 355 group coaching clients | 20% from one on one: 6 one on one clients
  • 80% from art coaching: 425.4k | 20% from AI consulting 106.4k

Questions for myself:

  1. What should I focus on first?
  2. How do I divide what I want to do into steps?
  3. What should I focus on, AI or Art Coaching?
  4. Should I even do AI consulting?
  5. Should I try to find a partner for AI consulting? Should I wait until I find a partner to do anything?
  6. How do I want to legally set up my companies?
  7. How do I make my life easier?
  8. How do I market my businesses?
  9. What is something that I’m missing?
  10. How do I make my art coaching business succeed in a way that doesn’t destroy my peace?
  11. How do I maintain my AI expertise? How do I make progress without being overwhelmed and unfocused?
  12. What will make my life more fun while making big strides in my businesses?
  13. Is there something I can start succeeding at today?
  14. Am I aiming at the right goals? Are they too small? Too large?
  15. What can I do today to rapidly speed up my progress?
  16. If I wanted to make a lot of money, enough to live on in the next year, and I wanted to make this money in a month with my current skillset, what should I do?
  17. Is there a small shift I can make that will have a massive impact on my income/success?
  18. What should I be hiring someone else to do? What things will have a good return on my investment, make me money not lose money?
  19. What should I do today that will make me happier and more successful?

My intuitive answers:

  1. What should I focus on first?
    • You want to focus on the fundamentals: sleep, meditation, food, emotional processing
    • The stronger the fundamentals are, the more you will be able to handle anything
  2. How do I divide what I want to do into steps?
    • Picture some of your immediate goals that make you feel excited, give you energy, make them small enough to understand, and work on meeting those goals first
  3. What should I focus on, AI or Art Coaching?
    • It depends on what you want to do, to create a large business, AI makes more sense
    • For creating a smaller business, focus on Art Coaching
  4. Should I even do AI consulting?
    • Yes of course, there is a really good business opportunity here
    • If you mean at the same time as Art coaching, the answer is it depends, you will have to pick a priority
  5. Should I try to find a partner for AI consulting? Should I wait until I find a partner to do anything?
    • No you shouldn’t wait, you can start by yourself
    • Yes, you should look for a partner while you are looking for clients, you are developing a network for both
  6. How do I want to legally set up my companies?
    • Depends on how easy it is to change, the benefits of separating them, etc.
  7. How do I make my life easier?
    • Stop doing everything alone, work with other people
  8. How do I market my businesses?
    • Ask other people for ideas
  9. What is something that I’m missing?
    • You are missing a business coach/mentor
  10. How do I make my art coaching business succeed in a way that doesn’t destroy my peace?
    • You write about your challenges and experiences, to approach the business like an opportunity for personal growth
  11. How do I maintain my AI expertise? How do I make progress without being overwhelmed and unfocused?
    • The best way is if you could connect the art coaching with AI and AI with art coaching, if you could find a way for them to be symbiotic, that would be the easiest way
    • The other way is to find a simple and easy way to make money from AI
  12. What will make my life more fun while making big strides in my businesses?
    • I think maybe posting about your process/journey on social media
    • Hosting events and meeting people
    • Speaking at events
    • Creating strong boundaries for doing other things unrelated to business
  13. Is there something I can start succeeding at today?
    • Yes, focus on the fundamentals, they are the most important part
  14. Am I aiming at the right goals? Are they too small? Too large?
    • I think you are focused on the right goals, but maybe it is too early to be thinking about timelines, just create a bunch of attainable goals and work through them with no timeline in mind
  15. What can I do today to rapidly speed up my progress?
    • Meditate
    • Sleep as much as possible
    • Find a mastermind
  16. If I wanted to make a lot of money, enough to live on in the next year, and I wanted to make this money in a month with my current skillset, what should I do?
    • Teaching people would probably be the best way, that is probably your strongest skillset at the moment
    • Probably not the best use of your time for your goals
  17. Is there a small shift I can make that will have a massive impact on my income/success?
    • Yes, write down goals and look at them everyday
  18. What should I be hiring someone else to do? What things will have a good return on my investment, make me money not lose money?
    • Finding a good video editor or social media manager
    • Marketing is key and you need to work with people to get good at it
  19. What should I do today that will make me happier and more successful?
    • Remember your mission(s) and focus on them
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Workpost 33: At the End of My Rope

Byjack

I feel pretty awful. I’ve lost focus in work. I feel overwhelmed and unhappy. Every day I stay up late at night. The only solace I find is in games. Everything that I wanted to do now feels like things I have to do.

I struggle to regain the mentality that I use for these workposts.

I guess I feel extremely tired and depressed.

There are a couple of things that filter through the haze that I’m feeling:

  1. I want to find a way to post on LinkedIn again. That is the one thing I want to work on achieving.
  2. This new idea in taichi, and breathwork. To receive what is coming instead of taking. To allow things to come to me. To receive breath instead of taking it. To receive emotions, purpose, and understanding, instead of creating it. I feel this is the essence of patience.
  3. To be curious. I want to do more IFS therapy, but I feel overwhelmed by it. Too much thinking about thinking that is too cerebral, non-intuitive, and downright frustrating. However, we can take the core concept of IFS – the concept of creativity. Ask how do I feel? What do I need? Why do I feel that way.

It’s not been all lost I suppose. There was something I worked through recently – two people that I am jealous of. One who went to Harvard and ended up starting a successful youtube channel, and another who worked on my software company before leaving and getting big on youtube for his music, and is now a famous musician.

In speaking with my friend Edgar about this I came up with the following concepts to remind myself in times of jealousy:

  1. How do I want to succeed my way? The issue with a lot of these people is that they got successful in things that I want to succeed in, but not in the way that I want to succeed. There is great value in succeed in the way I want to succeed.
  2. Hardship creates growth. Success isn’t the end goal, success just leads to creating more challenges for yourself to work through. The ones who go down the harder path to begin with will still succeed but will be more complete when they do.
  3. Is my goal to succeed a little in the short term? Or is the goal much bigger? This is the concept that if I want to gain one rank in Valorant, the outcome of a match matters (because my elo will be impacted directly). If my goal is to get to radiant (the highest rank), one loss in the scale of a huge journey is not significant.

Finally, I’ve put off doing a LinkedIn post for far too long.

Let’s tackle the steps:

  1. Answer a list of questions in a letter to my girlfriend.
  2. Come up with a research plan and timebox it.
  3. Timebox getting everything “on the canvas”, move very fast, get messy, take big risks, keep going until it coalesces into what the art wants to be
  4. Break to do other things, view work from different angles
  5. Put on strategic hat to finish

Questions to ask myself (step 1):

  1. What my vision for the ideal post?
  2. What am I worried about and feel uncomfortable by?
  3. What do I want to learn when creating this post?

Strategic Hat

  • See the work as something in itself, not just as a manifestation of my ideas
  • Put on creative hat, check: is there some feeling here, is there some beauty, fun?
  • Put on producer hat, check: if this was a work created by one of my clients, how would I promote it? If it was done by my brother?

*One Big Thing I Noticed*

It’s a lot easier for me to be motivated to workout than to work. Plan workout sessions for the entire day and bring work to do during those times. If no work gets done, I am still being productive and will be healthier, guaranteeing better work in the future.

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Workplace 20: Basics

Byjack

I’ve been feeling quite down and unhappy recently.

I’ve decided after some meditation, journaling, and deep breathing that I want to focus back on the basics.

Here are the basics I already covered:

  1. Morning blog post and walk
  2. Nighttime journaling (most nights)
  3. 11-12 PM bedtime

Basics I want to further incorporate:

  1. Music and dance in the morning
  2. Deep breathing when I feel drawn to distract myself (indicates pain)
  3. Focus on creating delicious meals, taking time to enjoy eating and cooking

I’ve been processing the rejections in my previous post and I wanted to write a poem:

She Stared at Me

I remember the times when they just stared at me

As if they were surprised that I would even dare to ask

The girl in art history class

In the library

On the bus

That stare

Then that feeling I was reaching

For empty air

Something that didn’t exist

The feeling of people watching

Seeing me fail

Yet now I think about it

I was quite brave

I am a brave person

Willing to take the risk

I often didn’t believe in what I was doing

When I was trying to pick up girls

But now

With my career dreams

I do

Isn’t that worth a few stares?

Don’t I get the opportunity to shock

People out of their square lives

Square thoughts

Into my world?

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Additional Thoughts on Affirmative Action and Personal Decision Making

Byjack

The types of biases:

1. Cognitive Dissonance

2. Spotlight Effect

3. Anchoring Effect

4. The Halo Effect

5. Gambler’s Fallacy

6. Contrast Effect

7. Confirmation Bias

8. Baader-Meinhoff Phenomenon

9. Zeigarnik Effect

10. Paradox of Choice

More biases:

11. Survivorship Bias

12. Self Serving Bias

13. Fundamental Attribution Error

14. Hindsight Bias

15. Availability Bias

16. Availability Cascade

17. Sunk Cost Fallacy

18. Framing Effect

19. Clustering Illusion

20. Exponential Growth

21. Barnum Effect

Ideas for these biases:

  • Create a selection process (for college, group or job)
  • Use for cold hard thinking areas (stocks)
  • Use in logic games (Valorant, Chess)
  • Take advantage of bias to do careful marketing