Raoul Pal: The Journey Man

The ART of TAKING PROFITS with Raoul Pal

24 snips
May 21, 2024
Financial expert Raoul Pal shares insights on taking profits in a bull cycle. Topics include navigating crypto market cycles, strategic wealth compound in crypto markets, profit-taking strategies in cryptocurrency investments, and insights on long-term investing from successful investors like Bezos and Gates.
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ADVICE

Setting Investment Goals

  • Establish your investment goals and timeframe.
  • Consider your personal risk tolerance and financial needs.
ANECDOTE

Raoul's Bitcoin Journey

  • Raoul Pal bought Bitcoin at $200, sold some at $2,000, and rebought.
  • He learned that holding would have yielded higher returns.
INSIGHT

Drawdowns as Opportunities

  • Drawdowns are inherent to crypto's growth due to network effects.
  • Embrace them as buying opportunities instead of fearing them.
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