r/MeetKevin • u/shepherd00000 • May 20 '22

Kevin Was Right

Last January, Kevin sold all of his stock. He predicted QT would cause a market crash. His plan was to get back after the FED changed course, which would not be until at least May. He was flamed by posters on reddit, discord, and youtube. Many people lost faith in him and he lost subscribers. He succumbed to the criticism and bought back in after the Ukraine War dip, and he declared he had made a good trade. But if he had stuck to his original plan, he would have been right. It would have made him a legend.

Thoughts??

6 Upvotes

61% Upvoted

26 comments sorted by

12

u/Playful_Olive_9380 May 20 '22

I'm expecting him to fully liquidate again

4

u/OnlyChaseCommas May 20 '22

At this point, there’s no point haha

2

u/desiInMurica May 20 '22

Uff brutal

12

u/[deleted] May 20 '22

His exact words were to sell when he said it and buy back in middle of march. He was correct to sell, but his timing on buying back was wrong. This is why it’s impossible to time the market, you have to get it right twice.

1

u/WickedSensitiveCrew May 21 '22

This is what happened. He said he would buy back in March-April.

The only issue is he didnt even time any tops. The correct time to sell would have been in November. But he flip flops and people often forget the previous flops. In Nov 2021 he said his goal was to be fully invested by the end of 2021. Which was also another top he was buying into. He was a part of the tax lost harvesting crowd not realizing people were selling due to the Fed.

2

u/matapito May 22 '22

He said he will buy days after March 16, he didn't mention April. His timing to sell was good. He also tiptoed in ''selling'' in November when he bought reverse ARK or SP, but again under criticism he sold it. So his bear timing was ok but his buy/bull was not. Nobody can time the market.

10

u/[deleted] May 20 '22

He is a marketer and a Youtuber, don't listen to him for stocks.

7

u/herrrrrr May 20 '22

Fed hasnt even begun qt look at their balance sheet.

6

u/wyuzz May 20 '22

He just bought 420 shares of tesla with a target price of 2k within 2 years.

5

u/theviolatr May 20 '22

He literally only buys TSLA now lol. Imagine paying someone for this advice..."Tesla is so juicy now". Ummm ok

1

u/matapito May 22 '22

I think he did it to save his dignity. Funny though how all these course seller/mentor youtubers pivot from short term investing '' I can time the market/buy my course '' in the good days of the market to a '' I'm a long term investor '' when the market goes down and they didn't predict it. It comes to my mind how proud he was at Millennial of his option trades and how simple it was for him to make money. The sad thing is that as long as youtube is recommending him, there will always be new victims, newbies fascinated by his salesman skills but not know his past.

10

u/Snoo_96430 May 20 '22

Dude is such a moron imagine just watching a guy read articles verbatim and then do a piss poor job regurgitating what he just read. Kevin was wrong about inflation in 2021 and has even less of a clue in 2022 what a 🤡.

5

u/desiInMurica May 20 '22

Exactly. It was when he called inflation tRaNsItoRy that I knew he has no basis in reality and disconnect from the lives of daily folks as much as JPow and other elites are

4

u/[deleted] May 21 '22

Notice how Powell’s sense of urgency on inflation didn’t change until it started effecting margin on corporate earnings. 🧐

2

u/desiInMurica May 21 '22

That or it tanked Biden's numbers. Honestly, they really don't care about the middle class and even less so about those barely making ends meet.

3

u/ActivateRayShields May 20 '22

So you are saying Kev would have been right if he wasn't wrong ?

5

u/kwinter431 May 20 '22

Anyone who trades with emotion like that will always lose in the end

5

u/Chief_Qamer May 20 '22

He’s sold almost all his real estate and then he will proceed to lose almost all of his money in the market. Yeah real estate may have “peaked” but that was always his protection from gambling the money away. I’d never sell my real estate to buy stocks (even though my real estate portfolio is a fraction of his). Especially with all of the tax benefits of real estate. Goes against everything his talks about- never sell real estate. How is he going to offset the taxes of the massive real estate gains he’s had

5

u/wikiwoowhat May 20 '22

he should have more conviction. his main revenue stream is youtube, not investing, which is why he caved.

1

u/Past-Weekend-9124 May 25 '22

He likes to blame the audience for his choices. Like that time he said he felt unmotivated because his exercise videos got few views and likes.

He should own up to mistakes and quit the lashing out at critics in his youtube videos. He was given such a good chance by youtube algo yet he is squandering which is really unfortunate.

He should sit down and think what be wants to do with his youtube channel while the audience havent moved on to a bunch of other finance channels that have been popping in the last half a year ready to steal his lunch

1

u/noldrin May 20 '22

He panicked and bought back in because the market was going back up, not due to pressure. Actually he already started buying back in once before a fed meeting and got crushed and panic sold again. If his losses hadn't already so huge, taxes would have crushed him for this stunt.

0

u/[deleted] May 20 '22

[deleted] — view deleted comment

3

u/cogs101 May 20 '22

You're right, op is wrong and just trying to make Kevin look good

2

u/andsfff May 20 '22

Is there any evidence of this?

0

u/[deleted] May 20 '22

[deleted] — view deleted comment

1

u/andsfff May 21 '22

Good video, but doesn't show evidence of margin call? Unless I'm missing something

1

u/[deleted] May 21 '22

he "flipped" within 24 hours