Getting Drunk, Buying Stocks

A new survey from consumer finance website Magnify Money found that 32% of U.S. investors have made trades while drunk. That sounds charitable, based on some drunk conversations I’ve had with high-net worth people. A new survey from consumer finance website Magnify Money found that 32% of U.S. investors have made trades while drunk. That sounds charitable, based on some drunk conversations I’ve had with high-net worth people. [Outsider Club logo] Getting Drunk, Buying Stocks [Jimmy Mengel Photo] By [Jimmy Mengel]( Written Aug 26, 2021 Hello Outsiders, Do you get drunk? Sometimes, all the time, none of the time? It’s fine... Until it isn’t. If you do — and I'm guilty as charged — I would recommend that you don’t invest while doing so. I actually have been quite successful doing so somehow. But I’ve also made some seriously bad decisions... I once got drunk and bought too many shares in a mining penny stock. It went to zero. But I once got drunk and did a day’s worth of yard work. I figured that it was a good time to buy Home Depot stock. I’m up 132% on my own and — more importantly — my Crow’s Nest portfolio. So if you do decide to take a tipple off the nipple, please invest in something you know and understand. Such debased things are happening now more than ever... Elon Musk, Mark Cuban & Richard Branson are ALL into This TV "Shark Tank" investor Mark Cuban just doubled down on his investment in [this technology](... He says it "will 'dwarf' Bitcoin." (But it's not crypto, 5G, robotics, I, or self-driving cars...) The famous Billionaire Founder of Virgin, Richard Branson, is invested. Founder of Twitter Jack Dorsey is invested too... not to mention the CEO of Tesla, Elon Musk. Why are ALL these Billionaires piling into this one odd technology? And 7 out of 10 of the world's biggest banks are invested. Forbes calls it A 'Once-In-A-Generation Opportunity". Don't delay another moment. [Watch the full investing presentation right here.]( A new survey from consumer finance website Magnify Money found that 32% of U.S. investors have made trades while drunk. That sounds charitable, based on some drunk conversations I’ve had with high-net worth people. We had drinks, and they all had stories about bad decisions they made while under the influence of the devil’s brew. They were typically older, and still had their wits about them. Gen-Z, however, had a 59% rate for drunk trading, due to Robinhood and inexperience. The survey found that 66% of all Americans admit to making impulsive investing decisions. The boomers are only saying 9%. Liars... I don’t blame any of them, though. It's the equivalent of swiping right on some dating app in the late hours of the night. “The app’s simplicity and graphic design make trading feel like gaming. The platform has drawn in young investors by presenting complex financial instruments like a fun game,” the Addiction Center wrote in a post. “Unfortunately, financial experts believe that instead of helping users, the app is purposely downplaying trading risks. They suspect it to be a method to get users hooked to their platform.” “When a new member joins the platform, an image of a digital scratch-off lottery ticket pops up on their screen. The picture is a welcome stub, a gift for joining Robinhood’s community. The app’s stub promises a free share of stock worth anywhere from $2.50 to $200. If the new trader wants the prize, they have to play by ‘scratching off’ the image like a lotto ticket,” the Addiction Center explained. That is what you want to avoid... The #1 Gold Stock of the Decade This firm is potentially sitting on the richest undeveloped gold mine on Earth. It trades for around $4 a share right now. But soon it could be trading for $40 or more. [Click here]( for details. I asked around the office and heard about a bunch of interesting stories in this vein. I will allow them to remain nameless, but here are a couple of the office Slack chats I had: i drunkenly bought NOK while taking a piss at the wisp ski lodge... lost 12.7% on the trade.. just sold it on like tuesday haha — M i bought a chinese bio-fuel company at 1am from little havanas one night... put the MARKET order in on a saturday and didn't remember doing it, so it executed at monday's open 4 weeks later Seeking Alpha published a short attack on it and the stock cratered — K I got ripped on rum after one of our office pirate cruises and put in a buy order for Diageo. made about 25% so far. not bad! — J Knight Trading collapsed a number of years back and I made money on the Dead Cat Bounce. buying and getting out whilst inebriated. it was a sweet move. rebounded and made 80% in two days — JC As you can tell, like with any investing, results may vary. It’s kind of like what they say about writing: write drunk, edit sober. You need to be able to keep track of your finances. You need to understand why you’re investing in a company before pulling the trigger. You need to do your homework so that when you do make that impulse buy, at least it was well-reasoned at some point. Want the Top 3 Stocks Poised for Massive Returns in 2021 and Beyond as the American Dollar Declines? Inflation is here and shows no signs of slowing down. With an unprecedented amount of government spending and price increases in nearly every industry out there — many hedge fund managers, CEOs, and business leaders are sounding the alarm. But before you go running for the hills, know this: At the heart of every crisis is an opportunity. Expert investor Jason Simpkins has prepared a brand-new presentation outlining three stocks poised for massive returns in 2021 and beyond as inflation rises. [Click here to watch it now.]( That’s why I travel the world in order to vet companies before I make that stock recommendation. For the Adventure Capitalist — my brand-new service — I go where other financial writers won’t. I’ve traveled to Transyvania and sat down with agriculture executives to enjoy palinka, the Romanian equivalent of moonshine. It’s a fruit spirit that has been around the area since the middle ages. Vlad Drac — the inspiration for Dracula — certainly imbibed. It is a taste I won’t soon forget... I flew to Colombia to visit the world’s largest outdoor cannabis farm. I dined on bandeja paisa with CEOs and finished dinner with aguardiente — the national liquor of Colombia. It loosely translates to “fire water,” and is distilled from cooked sugarcane, typically coming in close to 30% ABV. It burns. It burns a lot... I’ve done the same with powerful people in all areas of the world: Mezcal in Mexico, Labatt Blue in Canada, and Gammel Dansk in Copenhagen (hilariously considered a breakfast drink). You need to be able to get powerful people into comfortable situations if you’re going to have any shot of getting the truth out of them. I have prepared an entire presentation about why and how I do this, which [you can watch right now](. My next adventures are just ahead. [I can’t wait to show you the next crazy drink I enjoy in a foreign land.]( In the meantime, dream drunk, invest sober. Godspeed, [Jimmy Mengel] Jimmy Mengel [follow basic]( [@mengeled on Twitter]( Jimmy is a managing editor for [Outsider Club]( and the investment director of several personal finance advisories, [The Crow's Nest,](and [The Adventure Capitalist]( For more on Jimmy, check out his editor's [page](. *Follow Outsider Club on [Facebook]( and [Twitter](. Browse Our Archives [Brace for Civil Unrest as Food Prices Skyrocket]( [Let's Put the Kabul Collapse Behind Us and Look to a Profitable Future]( [U.S. Dollar Turns 50. Happy Birthday?]( [One Million in One Day]( [One Crypto to Rule Them All]( --------------------------------------------------------------- This email was sent to {EMAIL}. It is not our intention to send email to anyone who doesn't want it. If you're not sure why you've received this e-letter, or no longer wish to receive it, you may [unsubscribe here](, and view our privacy policy and information on how to manage your subscription. To ensure that you receive future issues of Outsider Club, please add newsletter@outsiderclub.com to your address book or whitelist within your spam settings. For customer service questions or issues, please contact us for assistance. [Outsider Club](, Copyright © 2021, [Angel Publishing LLC]( & Outsider Club LLC, 3 E Read Street Baltimore, MD 21202. For Customer Service, please call (855) 496-0830. All rights reserved. [View our privacy policy here.]( No statement or expression of opinion, or any other matter herein, directly or indirectly, is an offer or the solicitation of an offer to buy or sell the securities or financial instruments mentioned. Angel Publishing and Outsider Club does not provide individual investment counseling, act as an investment advisor, or individually advocate the purchase or sale of any security or investment. Subscribers should not view this publication as offering personalized legal or investment counseling. Investments recommended in this publication should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company in question. This letter is not intended to meet your specific individual investment needs and it is not tailored to your personal financial situation. Nothing contained herein constitutes, is intended, or deemed to be – either implied or otherwise – investment advice. Neither the publisher nor the editors are registered investment advisors. This letter reflects the personal views and opinions of the editors of Outsider Club and that is all it purports to be. While the information herein is believed to be accurate and reliable it is not guaranteed or implied to be so. Neither the editors of Outsider Club, nor anyone else, accepts any responsibility, or assumes any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information in this letter. The information contained herein is subject to change without notice, may become outdated and may not be updated. The editors of Outsider Club, entities that they control, family, friends, employees, associates, and others may have positions in securities mentioned, or discussed, in this letter. No part of this letter/article may be reproduced, copied, emailed, faxed, or distributed (in any form) without the express written permission of the Outsider Club. Unauthorized reproduction of this newsletter or its contents by Xerography, facsimile, or any other means is illegal and punishable by law. ---------------------------------------------------------------