Invest with Pete: Banks Collapsed, BTC Spiked up and How to survive this?
Mar 18, 2023 1:38 am
Hi ,
Back again with Invest with Pete.
The past week has been crazy with all the news of banks collapsing and at the same time BTC is spiking up 66% in 2023.
#1 How to take advantage of this?
If you are a passive investor, just continue to dollar cost average in because this too shall pass. Most investors fail to make money in the market because they lack long term view and a proven framework to ride through the short term chaos.
#2 Will Your Bank Collapse Too?
With the collapse of Silicon Valley bank, Signature Bank and Silvergate bank, depositors are on edge now. Furthermore, we are hearing that First Republic Bank and Credit Suisse are being bailed out. Will this spread into a contagion too and what should you do to protect yourself? Watch this video to find out.
#3 ChatGPT 4 is out
With the release of the newest AI, I think Microsoft is leading the pack in terms of AI development. This is certainly NOT good news for Google and other competitors. And yesterday, Microsoft just announced that they will integrate ChatGPT into the Microsoft Office products! This is going to be game-changing. Read here
#4 Will US brokerages be affected by the banking crisis?
Many of you might be using TDAmeritrade or Interactive Brokers as your trading apps. Will these brokerages go down with the bank? Are you protected as a user? Watch this video to find out.
#5 Repeat with me..... What goes down, must comes up!
Many investors are worried how much further will prices drop but as Charlie Munger said, Invert invert!
How much higher will prices jump after this crisis?
The truth is the biggest price jump always comes from good companies after a crisis!
You just need to find them!
Hope you find value in this and invest profitably!
Regards,
Pete