1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,520 Speaker 2: Sponsored by the United States Department of Homeland Security. COVID 17 00:01:00,600 --> 00:01:03,200 Speaker 2: cases are spiking and this is going to be a 18 00:01:03,240 --> 00:01:07,040 Speaker 2: little repeat of twenty twenty, and I need you to 19 00:01:07,080 --> 00:01:10,400 Speaker 2: get prepared. So for those of you that are conspiracy theorists, 20 00:01:11,360 --> 00:01:14,320 Speaker 2: they listening to Alex Jones all day. Sorry, almost four 21 00:01:14,400 --> 00:01:17,080 Speaker 2: hundred thousand people have died. This thing is real and 22 00:01:17,120 --> 00:01:19,600 Speaker 2: it's getting worse now. This is the scary part. The 23 00:01:19,720 --> 00:01:23,840 Speaker 2: second version or the second iteration of COVID spreads faster 24 00:01:24,319 --> 00:01:27,640 Speaker 2: than the original. So I want you to write these 25 00:01:27,760 --> 00:01:30,560 Speaker 2: golden rules down because we are in a new normal. 26 00:01:31,560 --> 00:01:33,600 Speaker 2: We will never go back to the old model. So 27 00:01:33,680 --> 00:01:35,720 Speaker 2: for those of you who are in the workforce before 28 00:01:35,760 --> 00:01:38,560 Speaker 2: two thousand and seven, when the Great Recession hit, it 29 00:01:38,720 --> 00:01:42,160 Speaker 2: changed how business was done forever. I remember even going 30 00:01:42,160 --> 00:01:43,800 Speaker 2: to college in two thousand and it was like, man, 31 00:01:43,840 --> 00:01:46,440 Speaker 2: if you graduate, you're guarantee the job. And then the 32 00:01:46,480 --> 00:01:52,120 Speaker 2: Great Recession hit and that got wiped away. Twenty twenty 33 00:01:52,240 --> 00:01:55,680 Speaker 2: is come and we'll talk about it later. The era 34 00:01:55,800 --> 00:01:58,680 Speaker 2: that we're entering in now so before the information age, 35 00:01:58,680 --> 00:02:02,320 Speaker 2: where we are in a new age now. But here's 36 00:02:02,360 --> 00:02:03,960 Speaker 2: the thing that I want you to do. If you 37 00:02:04,000 --> 00:02:07,800 Speaker 2: are working, please write this down right now. For every 38 00:02:07,840 --> 00:02:11,000 Speaker 2: dollar that your company pays you, you need to know 39 00:02:11,440 --> 00:02:14,760 Speaker 2: how much of a return you are giving them, because 40 00:02:14,760 --> 00:02:16,640 Speaker 2: it's the only thing that is going to give you 41 00:02:16,639 --> 00:02:19,320 Speaker 2: any security with that company. Or when it's time to 42 00:02:19,360 --> 00:02:23,520 Speaker 2: apply for another job. Secondarily, I want to focus on this. 43 00:02:24,720 --> 00:02:28,120 Speaker 2: You have to break up your time into quadrants of 44 00:02:28,200 --> 00:02:30,280 Speaker 2: four and you have to have a time for work 45 00:02:30,320 --> 00:02:33,440 Speaker 2: a time for play. I'll tell you like this, Never 46 00:02:33,520 --> 00:02:35,520 Speaker 2: have I been to the funeral and once thought about 47 00:02:35,560 --> 00:02:39,359 Speaker 2: business when I was there. And companies will not care 48 00:02:39,360 --> 00:02:41,640 Speaker 2: about you as much. And everyone has seen the meme. 49 00:02:41,680 --> 00:02:45,520 Speaker 2: If you die today tomorrow you know your job will 50 00:02:45,560 --> 00:02:47,360 Speaker 2: be on a job board and that is very true. 51 00:02:47,760 --> 00:02:50,480 Speaker 2: So as we enter this new normal and things are 52 00:02:50,480 --> 00:02:52,519 Speaker 2: not going back to how they were before, I want 53 00:02:52,560 --> 00:02:55,359 Speaker 2: you to pick your own balance for how things are 54 00:02:55,360 --> 00:02:57,520 Speaker 2: going to be governed and then in this era for 55 00:02:57,560 --> 00:03:01,080 Speaker 2: you and your family. One of the biggest trading lessons 56 00:03:01,120 --> 00:03:02,799 Speaker 2: of the week to all my traders, get your pans out, 57 00:03:03,000 --> 00:03:06,120 Speaker 2: We'll get your phone out and screenshot this. Once you 58 00:03:06,160 --> 00:03:08,480 Speaker 2: have a major loss, you have to cut your losses 59 00:03:08,520 --> 00:03:11,560 Speaker 2: and stop. So number one, I want you to take 60 00:03:11,600 --> 00:03:15,200 Speaker 2: a break for a week, and after two days, I 61 00:03:15,240 --> 00:03:16,840 Speaker 2: need you to look at the recording and see what 62 00:03:16,840 --> 00:03:19,800 Speaker 2: went wrong. So if you go through the book Market Wizards, 63 00:03:19,840 --> 00:03:23,520 Speaker 2: which is probably my favorite book on trading, one of 64 00:03:23,520 --> 00:03:25,359 Speaker 2: the biggest things that people talk about is when they 65 00:03:25,360 --> 00:03:27,519 Speaker 2: have a big loss. You almost feel like you're in 66 00:03:27,560 --> 00:03:30,000 Speaker 2: a tornado and you don't know what happened, and emotions 67 00:03:30,080 --> 00:03:33,680 Speaker 2: kick in. But like a player would postgame, you need 68 00:03:33,720 --> 00:03:35,680 Speaker 2: to go through and look at the footage to see 69 00:03:35,680 --> 00:03:38,280 Speaker 2: what went wrong, what happened wrong, on what you can 70 00:03:38,320 --> 00:03:41,720 Speaker 2: do differently so that does not happen again. And number 71 00:03:41,760 --> 00:03:45,800 Speaker 2: one Number two, if you are a trader and you 72 00:03:45,840 --> 00:03:48,640 Speaker 2: are winning less than fifty percent of your trades, please 73 00:03:48,680 --> 00:03:51,600 Speaker 2: write this risk to reward ratio down. I want you 74 00:03:51,680 --> 00:03:56,240 Speaker 2: to risk one to make twenty two. Please type in 75 00:03:56,320 --> 00:03:58,840 Speaker 2: chat what percentage do you need to be at in 76 00:03:58,960 --> 00:04:01,560 Speaker 2: order to be profitable? If that is your risk of reward. Now, 77 00:04:01,640 --> 00:04:03,920 Speaker 2: not all products are gonna allow you to do that, 78 00:04:04,520 --> 00:04:07,520 Speaker 2: but now as that dal Russell on the future side 79 00:04:07,560 --> 00:04:09,640 Speaker 2: will allow you to do so, you need to risk 80 00:04:09,720 --> 00:04:11,800 Speaker 2: one to make twenty two. So even if you are 81 00:04:11,840 --> 00:04:14,920 Speaker 2: a bad trader from a stat's perspective, you still need 82 00:04:14,960 --> 00:04:16,479 Speaker 2: to be able to make money and know what the 83 00:04:16,520 --> 00:04:21,280 Speaker 2: probability is of your trading. I don't know something, You're 84 00:04:21,279 --> 00:04:24,480 Speaker 2: gonna kill me, but look, if UFOs are real, then 85 00:04:24,920 --> 00:04:28,000 Speaker 2: a space exploration will be the next frontier. So a 86 00:04:28,080 --> 00:04:29,920 Speaker 2: couple of weeks ago, on ig I was posting all 87 00:04:29,960 --> 00:04:35,200 Speaker 2: these conspiracy videos about UFOs right, and then behind the 88 00:04:35,240 --> 00:04:37,480 Speaker 2: scenes you can see there are a couple of tickers 89 00:04:37,520 --> 00:04:41,840 Speaker 2: up here. Go look at the ticker UFO, the ticker 90 00:04:41,920 --> 00:04:45,760 Speaker 2: are okay, t rocket. And then of course the amazing 91 00:04:46,120 --> 00:04:49,280 Speaker 2: Kathy Woods has her own which is going to focus 92 00:04:49,279 --> 00:04:51,560 Speaker 2: on space expiration. I think over the next ten years 93 00:04:51,560 --> 00:04:55,080 Speaker 2: there'll be some incredible revelations. But of course Amazon and 94 00:04:55,120 --> 00:04:59,680 Speaker 2: Tesla are already there. Whenever SpaceX goes public, I'm gonna 95 00:04:59,680 --> 00:05:01,839 Speaker 2: be by towards them because Elon is a great leader. 96 00:05:02,720 --> 00:05:07,880 Speaker 2: But look at these two ticker symbols. Tonight, question for you, 97 00:05:08,640 --> 00:05:10,560 Speaker 2: I need you to write this in chat. Have you 98 00:05:10,600 --> 00:05:14,120 Speaker 2: made more money from long term holding or from trading? 99 00:05:14,440 --> 00:05:17,400 Speaker 2: Kirk put up a great comment last week, and I 100 00:05:17,400 --> 00:05:19,240 Speaker 2: was told by my uncle, an investor worth a high 101 00:05:19,279 --> 00:05:21,839 Speaker 2: eight figures, what to do with my money. Only buy 102 00:05:21,880 --> 00:05:24,920 Speaker 2: grown companies and hold them. Do not trade. You will 103 00:05:24,960 --> 00:05:28,440 Speaker 2: regret doing that. Now. Twenty percent of people that begin 104 00:05:28,520 --> 00:05:30,919 Speaker 2: trading stick around for more than a year. Out of 105 00:05:30,920 --> 00:05:34,400 Speaker 2: that twenty only ten percent stay around for five years. 106 00:05:34,680 --> 00:05:36,800 Speaker 2: Here's a great thing, though, Even if you never learn 107 00:05:36,839 --> 00:05:39,680 Speaker 2: how to trade, keep your money in the market for 108 00:05:39,680 --> 00:05:42,120 Speaker 2: a long enough period. A ten year old is ideal. 109 00:05:42,480 --> 00:05:45,000 Speaker 2: You'll beat most people that are actually trading, because most 110 00:05:45,120 --> 00:05:48,280 Speaker 2: traders blow up their account and give all their money back. 111 00:05:48,960 --> 00:05:51,200 Speaker 2: So I know there's a lot of other things that 112 00:05:51,240 --> 00:05:55,039 Speaker 2: are sexy, but the tried and true formula here is 113 00:05:55,080 --> 00:05:57,400 Speaker 2: to hold for ten years, and if you can hold 114 00:05:57,440 --> 00:06:03,720 Speaker 2: for thirty, that would be absolutely incredible in terms of selectivity, 115 00:06:03,720 --> 00:06:08,760 Speaker 2: in terms of your allocation. For every twenty investments you see, 116 00:06:09,200 --> 00:06:12,000 Speaker 2: you have to say no to nineteen of them. So 117 00:06:12,040 --> 00:06:14,720 Speaker 2: for weeks we've talked about fundamentally what I look at 118 00:06:14,760 --> 00:06:16,880 Speaker 2: when I assess the company, and we'll talk about another 119 00:06:16,920 --> 00:06:20,600 Speaker 2: one tonight. But when I'm going through and comparing companies 120 00:06:20,600 --> 00:06:23,760 Speaker 2: to the primary ones that I like, they have to 121 00:06:23,880 --> 00:06:27,680 Speaker 2: trump the ones that I have already, and if they don't, 122 00:06:27,720 --> 00:06:31,120 Speaker 2: you have to let it go. Sometimes because of the 123 00:06:31,160 --> 00:06:33,800 Speaker 2: amount of media we're taking in, we're like, hey, let 124 00:06:33,800 --> 00:06:35,520 Speaker 2: me just jump in this one and let's see how 125 00:06:35,600 --> 00:06:38,599 Speaker 2: it pans out. But remember the number of shares that 126 00:06:38,640 --> 00:06:42,920 Speaker 2: we own is more important than the price we particularly 127 00:06:42,920 --> 00:06:44,840 Speaker 2: got in, and we want to focus on a few 128 00:06:45,080 --> 00:06:48,680 Speaker 2: concentrated quality companies opposed to having thirty five in a 129 00:06:48,880 --> 00:06:55,159 Speaker 2: portfolio trading lesson number three, and for traders, our point 130 00:06:55,400 --> 00:06:59,200 Speaker 2: of reflection and insights usually happen on the days we 131 00:06:59,240 --> 00:07:02,040 Speaker 2: have off. So the future as market was upen for 132 00:07:02,120 --> 00:07:04,760 Speaker 2: half a day. The volume wasn't that high. But the 133 00:07:04,760 --> 00:07:06,600 Speaker 2: secret is cutting down the number of trades you take 134 00:07:06,640 --> 00:07:10,040 Speaker 2: for the year, so you can follow this simple matrix. 135 00:07:10,560 --> 00:07:14,200 Speaker 2: First quarter, want you to take twelve. Second quarter, I 136 00:07:14,280 --> 00:07:19,840 Speaker 2: want you to take twelve trades. Third quarter, twelve, fourth quarter. 137 00:07:20,560 --> 00:07:22,680 Speaker 2: You already have an assessment for how the year went. 138 00:07:22,720 --> 00:07:25,880 Speaker 2: Either we're super bullish, super barish, or we were ranging. 139 00:07:26,000 --> 00:07:28,640 Speaker 2: Fourth quarter. You can double the amount of trades and 140 00:07:28,680 --> 00:07:33,040 Speaker 2: do twenty four. But too many people trade like they're 141 00:07:33,080 --> 00:07:36,960 Speaker 2: gambling in Vegas, opposed to running it like a business. 142 00:07:37,280 --> 00:07:40,000 Speaker 2: You want to treat trade in like a business year 143 00:07:40,080 --> 00:07:43,120 Speaker 2: in and year out. Please put trade like it's a 144 00:07:43,160 --> 00:07:48,480 Speaker 2: business in chat. The top ten apps to twenty twenty. 145 00:07:48,600 --> 00:07:51,160 Speaker 2: Now look at these. Zoom number one, which we're on now, 146 00:07:51,400 --> 00:07:55,880 Speaker 2: and they're gradually improving. TikTok right, Third is Disney Plus, 147 00:07:56,200 --> 00:08:00,960 Speaker 2: fourth is YouTube owned by Google, then Instagram, Facebook. But 148 00:08:01,040 --> 00:08:04,240 Speaker 2: the thing I want you to notice how Instagram and 149 00:08:04,360 --> 00:08:07,280 Speaker 2: Facebook are falling out of favor Josh last week talked 150 00:08:07,280 --> 00:08:10,880 Speaker 2: about how Facebook is a communication company. And also, for 151 00:08:10,920 --> 00:08:14,480 Speaker 2: those of you that are insiders on in the industry, 152 00:08:14,560 --> 00:08:17,080 Speaker 2: you know that Zuckerberg is not the most favorable CEO 153 00:08:17,160 --> 00:08:19,680 Speaker 2: for whatever reason. I don't know if because he blew 154 00:08:19,680 --> 00:08:23,400 Speaker 2: off Wall Street week they haven't liked him since then. 155 00:08:23,440 --> 00:08:26,840 Speaker 2: He isn't the darling entrepreneur and CEO that some of 156 00:08:27,080 --> 00:08:31,160 Speaker 2: his peers are held out to be. So Facebook is 157 00:08:31,200 --> 00:08:35,360 Speaker 2: sliding down. Snapchat, even though it's lost popularity, still was 158 00:08:35,400 --> 00:08:39,440 Speaker 2: downloaded or not a lot messengers underneath Snapchat once again 159 00:08:39,480 --> 00:08:43,840 Speaker 2: a Facebook product. It's towards the end of the chain. Gmail, 160 00:08:43,920 --> 00:08:46,080 Speaker 2: and then of course cash App, owned by Square. Square 161 00:08:46,120 --> 00:08:48,400 Speaker 2: is an amazing company. So these are the top ten. 162 00:08:48,480 --> 00:08:51,160 Speaker 2: But when you see these kind of lists, pay attention 163 00:08:51,240 --> 00:08:54,240 Speaker 2: to who is up top and who is sliding down. 164 00:08:54,480 --> 00:08:57,520 Speaker 2: And if you compare twenty twenty to twenty nineteen and 165 00:08:57,559 --> 00:09:00,800 Speaker 2: go through twenty seventeen and twenty sixteen, you will see 166 00:09:01,000 --> 00:09:03,160 Speaker 2: that there's a gradual change to the downside. And then 167 00:09:03,200 --> 00:09:06,800 Speaker 2: of course TikTok came out of nowhere and crushed the market. 168 00:09:07,760 --> 00:09:11,120 Speaker 2: And I posted this earlier, but I need to have 169 00:09:11,160 --> 00:09:13,360 Speaker 2: a very honest conversation with you about for those of 170 00:09:13,400 --> 00:09:16,200 Speaker 2: you that are trading, if you're not studying every day, 171 00:09:16,440 --> 00:09:20,120 Speaker 2: it's only because deep down you don't want to win. 172 00:09:20,800 --> 00:09:24,120 Speaker 2: And if you're overtrading, it's because you don't want to win, 173 00:09:24,200 --> 00:09:27,400 Speaker 2: because you are self sabotaging. I'll tell you like this, 174 00:09:27,679 --> 00:09:31,320 Speaker 2: if you truly, truly love trading the act of and 175 00:09:31,360 --> 00:09:33,680 Speaker 2: we have some athletes on here, like the guys that 176 00:09:33,720 --> 00:09:35,280 Speaker 2: you have to beat into the gym, they don't want 177 00:09:35,280 --> 00:09:39,200 Speaker 2: to play ball. And it's okay, you don't have to trade. 178 00:09:39,240 --> 00:09:41,679 Speaker 2: You can make way more money doing something else. I 179 00:09:41,720 --> 00:09:43,800 Speaker 2: want you to follow what your passion. I know, trading 180 00:09:43,920 --> 00:09:46,120 Speaker 2: right now sexy as hell, and it's in vogue and 181 00:09:46,200 --> 00:09:48,320 Speaker 2: I can't wait till it goes not to being sexy 182 00:09:48,360 --> 00:09:50,640 Speaker 2: anymore how it used to be three or four years ago. 183 00:09:51,040 --> 00:09:53,640 Speaker 2: But when you want it, you will lust after the 184 00:09:53,720 --> 00:09:57,120 Speaker 2: work that comes with it in order to win. So 185 00:09:57,240 --> 00:10:01,080 Speaker 2: if you are not studying every or you feel like 186 00:10:01,120 --> 00:10:04,040 Speaker 2: it's a chore that you hate, I want you to 187 00:10:04,080 --> 00:10:06,400 Speaker 2: make the decision either to walk away and be a 188 00:10:06,400 --> 00:10:09,120 Speaker 2: long term investor or go all in. But I want 189 00:10:09,160 --> 00:10:10,560 Speaker 2: you to put in chat. Are you going to go 190 00:10:10,600 --> 00:10:15,160 Speaker 2: all in? All long term invest and like I said before, 191 00:10:15,840 --> 00:10:17,640 Speaker 2: even if you just long term invest, you're going to 192 00:10:17,679 --> 00:10:21,960 Speaker 2: do better than most people who solely trade. Last week, 193 00:10:22,080 --> 00:10:24,760 Speaker 2: Josh talked to us about why PE ratio doesn't matter 194 00:10:24,760 --> 00:10:27,760 Speaker 2: as much, and I want to take you down a 195 00:10:27,840 --> 00:10:30,680 Speaker 2: quick trip down memory lane. So in two thousand and eight, 196 00:10:31,040 --> 00:10:32,720 Speaker 2: because it's same So when you guys are like, hey, 197 00:10:32,720 --> 00:10:36,080 Speaker 2: Apple's going to fall apart, this story gets printed every 198 00:10:36,160 --> 00:10:40,040 Speaker 2: damn year. So in two thousand and eight, this is 199 00:10:40,040 --> 00:10:42,559 Speaker 2: the day, like the market lost faith in Apple. Steve 200 00:10:42,640 --> 00:10:46,480 Speaker 2: was still running it right, so you can see here 201 00:10:46,920 --> 00:10:50,240 Speaker 2: had about an eighteen cash trailing and ten x four 202 00:10:50,240 --> 00:10:53,720 Speaker 2: it while maintaining seventy percent earnings growth for over a year. 203 00:10:54,800 --> 00:10:57,360 Speaker 2: And it was the same thing. Not enough products, MacBooks 204 00:10:57,360 --> 00:10:59,840 Speaker 2: are dying, the CEO isn't good, is boring? We want 205 00:10:59,840 --> 00:11:05,640 Speaker 2: some new right, But look at the price of Apple then, 206 00:11:05,800 --> 00:11:07,440 Speaker 2: and if you would have held from two thousand and 207 00:11:07,520 --> 00:11:10,960 Speaker 2: eight through now. So when we're looking at these ratios, 208 00:11:11,040 --> 00:11:14,120 Speaker 2: and even if you're looking at Benjamin Graham's model or 209 00:11:14,360 --> 00:11:16,520 Speaker 2: another indicator that you guys can runt write down is 210 00:11:16,520 --> 00:11:22,040 Speaker 2: buffets measurement of the market. They are great ways to calculate, 211 00:11:22,120 --> 00:11:25,160 Speaker 2: but sometimes they misstep. So if you go and look 212 00:11:25,600 --> 00:11:30,240 Speaker 2: at this article, you can see Apple's potential was discounted 213 00:11:30,360 --> 00:11:33,679 Speaker 2: for six months before the recession, and then the market 214 00:11:33,720 --> 00:11:37,240 Speaker 2: bottomed out and their earning was great and they continue 215 00:11:37,280 --> 00:11:40,000 Speaker 2: to innovate and continue to make sales like crazy, and 216 00:11:40,040 --> 00:11:42,679 Speaker 2: they went to the upside. So even if something has 217 00:11:42,720 --> 00:11:46,040 Speaker 2: a high PE ratio, it's just the cost that you're 218 00:11:46,080 --> 00:11:48,960 Speaker 2: paying for those earnings. But what if they're earning their 219 00:11:49,040 --> 00:11:52,640 Speaker 2: company is printing earnings like shit and they are non 220 00:11:53,480 --> 00:11:56,480 Speaker 2: their company that's a NonStop printing machine. You should not 221 00:11:56,520 --> 00:11:59,040 Speaker 2: get out of them because of that reason. So sometimes 222 00:11:59,040 --> 00:12:02,880 Speaker 2: PE ratio and these ratios can be misleading. I think 223 00:12:02,880 --> 00:12:06,120 Speaker 2: they are good measurement for the overall index, but there 224 00:12:06,120 --> 00:12:08,280 Speaker 2: has to be an exception for when a company it's 225 00:12:08,360 --> 00:12:11,920 Speaker 2: top one or two in it's field. And this is 226 00:12:11,920 --> 00:12:14,440 Speaker 2: the point that I need to drive home again for 227 00:12:14,559 --> 00:12:17,240 Speaker 2: my fundamental and technical traders. There has to be a 228 00:12:17,240 --> 00:12:20,120 Speaker 2: catalyst for while the market falls, the market isn't going 229 00:12:20,200 --> 00:12:22,320 Speaker 2: to slide down just because we hit a technical level. 230 00:12:23,240 --> 00:12:25,280 Speaker 2: That's why you can see we constantly have been hitting 231 00:12:25,320 --> 00:12:27,559 Speaker 2: all time highs and everyone's like, well, I'm in short here, 232 00:12:27,559 --> 00:12:29,880 Speaker 2: and I'm like, why so they hit a high, it 233 00:12:29,920 --> 00:12:35,200 Speaker 2: can go fifteen percent higher before it eventually slides down. 234 00:12:36,160 --> 00:12:39,199 Speaker 2: So you need an interest rate increase, which we may 235 00:12:39,200 --> 00:12:42,120 Speaker 2: have soon. A bubble, a weak market, we need something 236 00:12:42,120 --> 00:12:44,400 Speaker 2: to push it down. And here's a good trick to know. 237 00:12:44,720 --> 00:12:48,240 Speaker 2: Whatever that catalyst is, it will be on the news 238 00:12:48,240 --> 00:12:50,679 Speaker 2: as soon as you get off work soon and then 239 00:12:50,720 --> 00:12:53,719 Speaker 2: it'll be all over social. So with COVID is if 240 00:12:53,720 --> 00:12:56,720 Speaker 2: we hit a certain benchmark, we cross three or four 241 00:12:56,720 --> 00:12:59,040 Speaker 2: million deaths, that will push the market down a lot. 242 00:12:59,080 --> 00:13:03,600 Speaker 2: But until then, don't worry. I don't know if you 243 00:13:03,600 --> 00:13:07,600 Speaker 2: guys know, but Market Monday is a idea and a 244 00:13:07,960 --> 00:13:11,160 Speaker 2: real time course that should be a hell of a 245 00:13:11,160 --> 00:13:13,840 Speaker 2: lot in real time. But I want you to remember 246 00:13:13,840 --> 00:13:16,880 Speaker 2: to execute. Kudos to their brother here who's up on 247 00:13:17,000 --> 00:13:19,760 Speaker 2: Plug and NEO. What I don't want to do is 248 00:13:19,760 --> 00:13:22,120 Speaker 2: solely entertain you. What I want you to do is 249 00:13:22,160 --> 00:13:24,960 Speaker 2: for you to be entertained, inspired, and then you execute. 250 00:13:25,920 --> 00:13:28,400 Speaker 2: So I know some of you are like, hey, you 251 00:13:28,480 --> 00:13:30,880 Speaker 2: hear one thing, but when you go back and listen, 252 00:13:31,280 --> 00:13:33,200 Speaker 2: another thing has been said. So for those of you 253 00:13:33,280 --> 00:13:36,280 Speaker 2: that have wondered if NEO is solid, plug is solid. Yes, 254 00:13:36,440 --> 00:13:38,040 Speaker 2: I don't think they're the leader in that space, and 255 00:13:38,080 --> 00:13:39,080 Speaker 2: I don't think that they will be. 256 00:13:40,559 --> 00:13:42,800 Speaker 3: This episode is brought to you by P and C Bank. 257 00:13:43,200 --> 00:13:45,960 Speaker 3: A lot of people think podcasts about work are boring, 258 00:13:46,160 --> 00:13:50,000 Speaker 3: and sure they definitely can be, but understanding of professionals 259 00:13:50,080 --> 00:13:53,360 Speaker 3: routine shows us how they achieve their success little by little, 260 00:13:53,720 --> 00:13:57,360 Speaker 3: day after day. It's like banking with P and C Bank. 261 00:13:57,840 --> 00:14:01,079 Speaker 3: It might seem boring to save plan and calculated decisions 262 00:14:01,120 --> 00:14:03,880 Speaker 3: with your bank, but keeping your money boring is what 263 00:14:04,000 --> 00:14:07,280 Speaker 3: helps you live or more happily fulfilled life. 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Compounded products are 305 00:16:25,200 --> 00:16:27,800 Speaker 4: not FDA approved or verified for safety, effectiveness or quality. 306 00:16:27,840 --> 00:16:30,800 Speaker 4: Prescription required restrictions at for hers dot com apply. 307 00:16:30,880 --> 00:16:33,120 Speaker 2: At least for five or ten years. But they are 308 00:16:33,440 --> 00:16:37,120 Speaker 2: solid investments, but they're too high at the moment. And 309 00:16:37,200 --> 00:16:39,800 Speaker 2: same thing with Boeing. Boweing is not one of the 310 00:16:39,800 --> 00:16:43,280 Speaker 2: best companies. There's a great lesson here. Sometimes certain assets 311 00:16:43,320 --> 00:16:45,800 Speaker 2: will come down so much that they are just a steel. 312 00:16:46,520 --> 00:16:48,240 Speaker 2: So if you can get a house that's worth two 313 00:16:48,320 --> 00:16:51,240 Speaker 2: hundred grand on sale for twenty five grand, that's what 314 00:16:51,280 --> 00:16:54,480 Speaker 2: Boeing look like when we crash. I don't love Boweing, 315 00:16:54,480 --> 00:16:56,400 Speaker 2: but out of the airline sector was the only one 316 00:16:56,440 --> 00:16:58,720 Speaker 2: that I really liked, and they know one up to 317 00:16:58,720 --> 00:17:01,560 Speaker 2: twenty nine and off and it's been sliding back. So 318 00:17:01,760 --> 00:17:04,679 Speaker 2: once again, I want to remind you guys to listen, 319 00:17:05,119 --> 00:17:07,680 Speaker 2: take notes, and even after the episode is over, watch 320 00:17:07,720 --> 00:17:09,399 Speaker 2: the replay because there's some gems in there that you 321 00:17:09,480 --> 00:17:14,320 Speaker 2: probably missed onto fundamentals that matter. Please write, write this down. 322 00:17:14,480 --> 00:17:18,160 Speaker 2: Rotation is not for you. I've never seen so many 323 00:17:18,280 --> 00:17:21,640 Speaker 2: retail traders in my life here about rotation for long 324 00:17:21,720 --> 00:17:24,960 Speaker 2: term investment. If you're trading, okay, different, but if you're 325 00:17:25,000 --> 00:17:28,199 Speaker 2: holding for a long period of time, it's not for you. 326 00:17:28,920 --> 00:17:32,200 Speaker 2: Hedge funds have to spend money every quarter. You don't. 327 00:17:32,800 --> 00:17:34,800 Speaker 2: And then the second one is mind share. So mind 328 00:17:34,840 --> 00:17:38,200 Speaker 2: share is when you say a category or brand is 329 00:17:38,240 --> 00:17:40,080 Speaker 2: the first thing that you think about. So let's play 330 00:17:40,080 --> 00:17:43,120 Speaker 2: a little game. So if I mention a car company, 331 00:17:43,160 --> 00:17:45,399 Speaker 2: what's the first car company that comes to your mind? 332 00:17:45,760 --> 00:17:51,280 Speaker 2: Please type and chat. Okay. Now, if I mentioned a 333 00:17:51,320 --> 00:17:59,440 Speaker 2: sneaker company, what's the first one that comes to mind? Okay? 334 00:17:59,520 --> 00:18:02,800 Speaker 2: If I mention an electronics company, well, let's say computer 335 00:18:02,840 --> 00:18:08,679 Speaker 2: company to be more specific, which one comes to mind? 336 00:18:09,920 --> 00:18:13,240 Speaker 2: I love Michaeldeal, but nobody's saying Dell. So mind Chair 337 00:18:13,320 --> 00:18:15,560 Speaker 2: is the one. If you interview ten people on the street, 338 00:18:15,680 --> 00:18:19,600 Speaker 2: eight out of ten would say that particular brand mind 339 00:18:19,680 --> 00:18:23,520 Speaker 2: Chair is an equation and fundamental analysis that I think 340 00:18:23,600 --> 00:18:27,040 Speaker 2: is over excuse me, underrated, very underrated. And I want 341 00:18:27,040 --> 00:18:29,920 Speaker 2: to clear this up. So I know some of you 342 00:18:30,000 --> 00:18:31,919 Speaker 2: have been hit me up about twenty four strings of revenue. 343 00:18:31,920 --> 00:18:33,960 Speaker 2: I want to be very clear. I'm not saying that 344 00:18:34,040 --> 00:18:36,919 Speaker 2: I want you to make twenty four different businesses or 345 00:18:36,960 --> 00:18:40,159 Speaker 2: have twenty four jobs, because that's impossible. But I do 346 00:18:40,240 --> 00:18:42,439 Speaker 2: want to walk through some of the biggest finance lessons 347 00:18:42,440 --> 00:18:44,639 Speaker 2: from some of the biggest companies in the world. So 348 00:18:44,680 --> 00:18:48,240 Speaker 2: if you look at Microsoft, Microsoft has over one hundred 349 00:18:48,280 --> 00:18:53,120 Speaker 2: and one products. If they only needed seven for world 350 00:18:53,200 --> 00:18:56,399 Speaker 2: domination with all the data that they have, don't you 351 00:18:56,440 --> 00:19:03,200 Speaker 2: think they would do seven apples? Thirty Pepsi has over 352 00:19:03,240 --> 00:19:05,840 Speaker 2: one hundred. Let's go to all my folks in atl 353 00:19:06,640 --> 00:19:11,480 Speaker 2: Coca Cola. You can google this has five hundred brands 354 00:19:11,720 --> 00:19:16,919 Speaker 2: underneath their umbrella and thirty nine hundred beverag choices thirty 355 00:19:17,000 --> 00:19:22,480 Speaker 2: nine hundred. So if the magical number was seven, with 356 00:19:22,640 --> 00:19:25,760 Speaker 2: all the research and brand development that Coca Cola's done. 357 00:19:25,880 --> 00:19:28,439 Speaker 2: Don't you think seven will be more than enough? So 358 00:19:28,480 --> 00:19:30,399 Speaker 2: if you're just starting, I don't want you to be 359 00:19:31,400 --> 00:19:35,919 Speaker 2: upset by hearing this number. But our job is delivered 360 00:19:36,040 --> 00:19:38,840 Speaker 2: to deliver the truth to the community and not bullshit 361 00:19:38,840 --> 00:19:42,960 Speaker 2: advice that's been shoveled down Instagram until you by people 362 00:19:43,040 --> 00:19:45,640 Speaker 2: who are not doing that. But they're on clubhouse nine 363 00:19:45,640 --> 00:19:49,040 Speaker 2: hours a day drinking all the kids juicy juice. Like, 364 00:19:49,080 --> 00:19:52,280 Speaker 2: we're not here for that. But thirty nine hundred choices 365 00:19:52,359 --> 00:19:55,760 Speaker 2: is a lot of excus but there's a reason for that. 366 00:19:57,960 --> 00:19:59,680 Speaker 2: I'll walk you through a book that I think is 367 00:19:59,680 --> 00:20:01,639 Speaker 2: probably probably going to be the next money master of 368 00:20:01,640 --> 00:20:04,520 Speaker 2: the game from a macro level tonight. But a very 369 00:20:04,560 --> 00:20:09,840 Speaker 2: interesting insight that Chamunth gave to Josh when they were 370 00:20:09,840 --> 00:20:12,560 Speaker 2: at a conference was they stopped learning twenty years ago. 371 00:20:13,560 --> 00:20:15,560 Speaker 2: What I don't want you, guys to do is even 372 00:20:15,600 --> 00:20:17,480 Speaker 2: hear the information that we give you and just take 373 00:20:17,680 --> 00:20:21,240 Speaker 2: face value. I want you to go review it, read 374 00:20:21,280 --> 00:20:23,960 Speaker 2: it and make sure that it's true, because most people 375 00:20:23,960 --> 00:20:30,160 Speaker 2: in investing stop learning after year one, and that's how 376 00:20:30,160 --> 00:20:34,399 Speaker 2: most people end up giving up their edge. Okay, and 377 00:20:34,440 --> 00:20:36,399 Speaker 2: you guys did an amazing job with the interview with 378 00:20:36,400 --> 00:20:39,119 Speaker 2: Mark Cuban. I want you guys to go back and 379 00:20:39,119 --> 00:20:42,080 Speaker 2: look and listen to the interview. But the minimization of 380 00:20:42,160 --> 00:20:45,840 Speaker 2: risk for how he was protecting his capital and his 381 00:20:45,920 --> 00:20:48,800 Speaker 2: new found wealth is the most important lesson in that 382 00:20:48,920 --> 00:20:52,760 Speaker 2: college strategy that he executed. Could he have made more, Yes, 383 00:20:53,000 --> 00:20:55,840 Speaker 2: he's done pretty damn well for himself. Since kudos to 384 00:20:55,840 --> 00:20:59,760 Speaker 2: everybody at iye you. But even if you don't have 385 00:21:00,200 --> 00:21:02,679 Speaker 2: a lot of money, I know the idea is you 386 00:21:02,720 --> 00:21:05,959 Speaker 2: want to grow fast. But if you grow fast and 387 00:21:06,000 --> 00:21:08,240 Speaker 2: you lose fast, what ends up happening for us to 388 00:21:08,320 --> 00:21:11,200 Speaker 2: the African American and breaks your spirit and you leave 389 00:21:11,240 --> 00:21:15,800 Speaker 2: the market and never come back. It's a unique experience. 390 00:21:16,520 --> 00:21:19,560 Speaker 2: So the reason why I'm saying defense, defense, defense, Why 391 00:21:19,600 --> 00:21:22,399 Speaker 2: it's not the sexiest thing. It doesn't matter if you 392 00:21:23,000 --> 00:21:24,960 Speaker 2: have a two hundred percent gainer and then on your 393 00:21:24,960 --> 00:21:27,280 Speaker 2: next trade you get back one hundred and fifty percent 394 00:21:27,320 --> 00:21:30,119 Speaker 2: of it or two hundred percent of it, or you 395 00:21:30,160 --> 00:21:33,400 Speaker 2: get margin called and lose more. So go right down 396 00:21:33,440 --> 00:21:36,679 Speaker 2: and go look up that strategy that he executed, and 397 00:21:36,720 --> 00:21:39,120 Speaker 2: I think it will have a tremendous impact on how 398 00:21:39,160 --> 00:21:43,960 Speaker 2: you invest going forward. This is for the dads. I 399 00:21:44,040 --> 00:21:47,200 Speaker 2: want you to stop thinking about investing over a short 400 00:21:47,200 --> 00:21:49,600 Speaker 2: period of time, and I want you to make some 401 00:21:49,760 --> 00:21:52,480 Speaker 2: funds available for your family for the next hundred years. 402 00:21:54,800 --> 00:21:57,359 Speaker 2: I think we're thinking about this on too short of 403 00:21:57,359 --> 00:22:02,639 Speaker 2: a timeframe. Is it worth a sacrifice? I think if 404 00:22:02,680 --> 00:22:05,520 Speaker 2: you love your child, yes, it's my job personally for 405 00:22:05,600 --> 00:22:07,479 Speaker 2: me and my family to provide for the next two 406 00:22:07,560 --> 00:22:11,359 Speaker 2: hundred years. So the seeds that I lay, I hope 407 00:22:12,160 --> 00:22:14,199 Speaker 2: Xander or his child does not mess it up. But 408 00:22:14,280 --> 00:22:16,840 Speaker 2: for the next two hundred years, I'll be able to 409 00:22:16,880 --> 00:22:19,440 Speaker 2: provide a solid foundation for him and then for the 410 00:22:19,560 --> 00:22:21,600 Speaker 2: dads to love your children. I think that should be 411 00:22:21,600 --> 00:22:23,560 Speaker 2: a goal. And next week I'll walk you through some 412 00:22:23,680 --> 00:22:27,080 Speaker 2: of the steps we can do to make that a reality. 413 00:22:28,080 --> 00:22:29,879 Speaker 2: And for those of you who are just starting and 414 00:22:29,920 --> 00:22:33,199 Speaker 2: you feel intimidated, let's look at this. Here's how much 415 00:22:33,200 --> 00:22:34,520 Speaker 2: you would have made if you would have just invested 416 00:22:34,560 --> 00:22:36,840 Speaker 2: five hundred a month type yes and chat if you 417 00:22:36,880 --> 00:22:39,840 Speaker 2: spent five hundred a month partying or on other things 418 00:22:39,840 --> 00:22:43,560 Speaker 2: that brought you less value four percent ready to return, 419 00:22:43,880 --> 00:22:48,000 Speaker 2: which I mean invest in ask considerable risk. Nothing is guaranteed. 420 00:22:48,040 --> 00:22:51,600 Speaker 2: We cannot project future gains based on past performance, and 421 00:22:51,640 --> 00:22:53,800 Speaker 2: you can reshot at Troy, but I think I can 422 00:22:53,800 --> 00:22:55,359 Speaker 2: comfortably say that we may be able to get you 423 00:22:55,359 --> 00:23:00,879 Speaker 2: four percent easily. Perhaps five hundred a month for ten years. 424 00:23:01,000 --> 00:23:05,640 Speaker 2: You have seventy three grand at six percent return, eighty 425 00:23:05,680 --> 00:23:08,000 Speaker 2: one thousand, five hundred a month of ten years of 426 00:23:08,000 --> 00:23:10,239 Speaker 2: an eight percent return, you have ninety one thousand. Now 427 00:23:10,280 --> 00:23:13,439 Speaker 2: I want you to calculate if you got eighteen percent 428 00:23:14,000 --> 00:23:16,480 Speaker 2: year of a year for ten years, how much that 429 00:23:16,520 --> 00:23:20,040 Speaker 2: would be. It's not the dollar amount that you start with, 430 00:23:20,119 --> 00:23:23,879 Speaker 2: it's the consistency and the action. And some of you 431 00:23:23,920 --> 00:23:25,760 Speaker 2: figured this out in March. It's like you got in 432 00:23:25,760 --> 00:23:28,200 Speaker 2: at a great price on some companies, but you only 433 00:23:28,240 --> 00:23:30,280 Speaker 2: got ten shares of it. And it's like, damn. If 434 00:23:30,520 --> 00:23:34,680 Speaker 2: you knew back then what you know now, you probably 435 00:23:34,720 --> 00:23:38,840 Speaker 2: would have furnished or liquidated everything to furnish those investments 436 00:23:38,920 --> 00:23:42,320 Speaker 2: going forward. So even if you're starting small, it's okay. 437 00:23:42,400 --> 00:23:45,640 Speaker 2: It's going to give you confidence to bill later. And 438 00:23:45,680 --> 00:23:47,720 Speaker 2: as we get close to wrapping up, I want to 439 00:23:47,760 --> 00:23:50,040 Speaker 2: show you how to identify the best companies in the 440 00:23:50,119 --> 00:23:53,920 Speaker 2: sector in less than ninety seconds. So if we take 441 00:23:57,080 --> 00:24:00,480 Speaker 2: this site is called guru Focus. So let's go to 442 00:24:00,560 --> 00:24:03,400 Speaker 2: my favorite Let's go to technology. Step one, I want 443 00:24:03,400 --> 00:24:07,200 Speaker 2: you to click on the sector. It's my screen still 444 00:24:07,200 --> 00:24:11,760 Speaker 2: showing to no. Yes, okay, hold on, let me show 445 00:24:11,800 --> 00:24:14,960 Speaker 2: the entire screen. Okay, yeah, there we go. Now this 446 00:24:15,040 --> 00:24:17,840 Speaker 2: is a gourgu Focus. I'm not a paid affiliated to anything. 447 00:24:17,840 --> 00:24:20,639 Speaker 2: Step one, I want you to click on the sector. 448 00:24:21,960 --> 00:24:24,879 Speaker 2: Great Now, After that, I want you to pick on 449 00:24:24,960 --> 00:24:27,760 Speaker 2: the biggest portion of that pie. So in this case 450 00:24:27,800 --> 00:24:30,119 Speaker 2: it will be software. It's fifty point eight percent of 451 00:24:30,160 --> 00:24:33,080 Speaker 2: the market. So we'll click here. Great Now, we'll go 452 00:24:33,119 --> 00:24:38,320 Speaker 2: to software and let's see who runs that space. And 453 00:24:38,400 --> 00:24:44,000 Speaker 2: you can see clearly by industry waiting, Microsoft is first, 454 00:24:45,359 --> 00:24:48,400 Speaker 2: and then you have the other smaller players. Notice nobody's 455 00:24:48,440 --> 00:24:51,439 Speaker 2: ever screaming damn, I should buy IBM, even though they 456 00:24:51,520 --> 00:24:53,720 Speaker 2: may have a chance in the next couple of years 457 00:24:53,760 --> 00:24:55,959 Speaker 2: to go up a little bit higher. Right, And then 458 00:24:56,000 --> 00:24:57,800 Speaker 2: you can do the same thing with hardware. So let's 459 00:24:57,800 --> 00:24:59,879 Speaker 2: go look at hardware. We can look at the waiting. 460 00:25:00,560 --> 00:25:04,760 Speaker 2: Who runs the waiting for hardware by a landslide is Apple. 461 00:25:05,720 --> 00:25:08,560 Speaker 2: So I'm literally looking at who is the biggest player 462 00:25:08,560 --> 00:25:13,000 Speaker 2: in the market selecting those and then inside of that category, 463 00:25:13,520 --> 00:25:15,920 Speaker 2: I'm picking the top two. I don't want the ninth 464 00:25:15,960 --> 00:25:20,120 Speaker 2: best semiconductor in a space, So let's click on semiconductor. 465 00:25:20,359 --> 00:25:24,640 Speaker 2: So you can see in video Solid love a lot 466 00:25:24,840 --> 00:25:30,080 Speaker 2: Intel that market share is dying great and you can 467 00:25:30,200 --> 00:25:33,240 Speaker 2: use this site to see who are the market share 468 00:25:33,400 --> 00:25:35,360 Speaker 2: leaders in a particular space. And I got a couple 469 00:25:35,359 --> 00:25:40,199 Speaker 2: more slizes and then we'll wrap up. So if you 470 00:25:40,240 --> 00:25:43,960 Speaker 2: look at the five things the market cares about the most, 471 00:25:44,080 --> 00:25:48,359 Speaker 2: please screenshot this. There's so much talk about what matters 472 00:25:48,359 --> 00:25:51,240 Speaker 2: and what moves the market. These are a core five. 473 00:25:51,960 --> 00:25:54,560 Speaker 2: Number one, the stability of the economy. Is the economy 474 00:25:54,560 --> 00:25:56,439 Speaker 2: doing good or bad. If the economy is doing good, 475 00:25:56,480 --> 00:25:58,880 Speaker 2: people going to spend more, and even companies that are 476 00:25:58,880 --> 00:26:01,680 Speaker 2: not that talented or that great we have great management 477 00:26:01,680 --> 00:26:04,720 Speaker 2: will do well. Number two interest rates. Interest rates have 478 00:26:04,800 --> 00:26:06,359 Speaker 2: been low for a long time, and when they finally 479 00:26:06,359 --> 00:26:08,359 Speaker 2: bump this up, man, the market is going to slide 480 00:26:08,359 --> 00:26:11,199 Speaker 2: back some and all this free cash that we've been 481 00:26:11,200 --> 00:26:13,400 Speaker 2: getting out of the market and all these easy eighteen 482 00:26:13,480 --> 00:26:16,920 Speaker 2: and twenty five percent games, they're going to go away. 483 00:26:17,400 --> 00:26:19,600 Speaker 2: They're going to go away. Number three earnings of a 484 00:26:19,640 --> 00:26:22,600 Speaker 2: particular company. So I want you to look at the 485 00:26:22,640 --> 00:26:24,480 Speaker 2: top two leaders, of the top three leaders in the 486 00:26:24,520 --> 00:26:27,920 Speaker 2: space and see what the earnings are. Number four does 487 00:26:27,960 --> 00:26:30,040 Speaker 2: not get talked about enough enough, but it's really the 488 00:26:30,080 --> 00:26:33,439 Speaker 2: number of buyers and sellers. There are more buyers in 489 00:26:33,480 --> 00:26:36,879 Speaker 2: Tesla than there are short sellers. For all the short sellers, 490 00:26:36,960 --> 00:26:39,480 Speaker 2: may you rest in peace, stop short in Tesla. And 491 00:26:39,600 --> 00:26:44,480 Speaker 2: number five, who is best in a category investment? Is 492 00:26:44,520 --> 00:26:46,920 Speaker 2: not that Even when we did the mind share exercise, 493 00:26:47,000 --> 00:26:49,359 Speaker 2: no one is named of the fifteenth best player in 494 00:26:49,400 --> 00:26:52,639 Speaker 2: the space. And we are in an efficiency era and 495 00:26:52,680 --> 00:26:54,679 Speaker 2: this will not go away. So before it was the 496 00:26:54,720 --> 00:26:58,119 Speaker 2: information age, but the companies that will dominate now are 497 00:26:58,160 --> 00:27:01,040 Speaker 2: the ones that will make our lives easier, get things 498 00:27:01,040 --> 00:27:05,440 Speaker 2: for us faster, and save us money. So like Roku, Netflix, Zillo. 499 00:27:05,680 --> 00:27:07,920 Speaker 2: So if you guys have not looked, Zillo is now 500 00:27:07,920 --> 00:27:11,720 Speaker 2: make an offer on houses. So for my real estate agents, 501 00:27:11,800 --> 00:27:15,440 Speaker 2: you're going to have to find a way to take 502 00:27:15,480 --> 00:27:18,000 Speaker 2: care of your customers and clients more and also sell 503 00:27:18,040 --> 00:27:21,359 Speaker 2: them houses faster because the biggest player in the space 504 00:27:21,440 --> 00:27:23,080 Speaker 2: is now starting to look to eat your lunch. And 505 00:27:23,119 --> 00:27:27,399 Speaker 2: all technology companies usually aim to do this Dominos Match, 506 00:27:27,520 --> 00:27:31,960 Speaker 2: so Match owns everything except Bumble. They are a huge 507 00:27:31,960 --> 00:27:33,600 Speaker 2: conglimerate and when I did the interview with Easy, we 508 00:27:33,600 --> 00:27:35,040 Speaker 2: talked about that a few months ago. They've been on 509 00:27:35,080 --> 00:27:38,639 Speaker 2: a tear. And of course, Amazon, the company that makes 510 00:27:38,720 --> 00:27:41,880 Speaker 2: life easier for us so we don't have to drive 511 00:27:41,920 --> 00:27:44,040 Speaker 2: and drop off tapes at Blockbuster and get a fine 512 00:27:44,720 --> 00:27:46,800 Speaker 2: Netflix is a better pick. Roku is a better pick. 513 00:27:47,080 --> 00:27:50,160 Speaker 2: In comparison, we have now switched to an efficiency era 514 00:27:50,600 --> 00:27:52,920 Speaker 2: and for my business owners, you need to find a 515 00:27:52,960 --> 00:27:54,560 Speaker 2: way to get things delivered to you in a much 516 00:27:54,600 --> 00:27:57,160 Speaker 2: faster way. Ten years ago you would have to drive 517 00:27:57,240 --> 00:27:59,959 Speaker 2: to downtown to meet with Reshid right, maybe do love 518 00:28:00,080 --> 00:28:05,520 Speaker 2: much now Zoom. We have to streamline everything that we're doing. 519 00:28:06,080 --> 00:28:07,679 Speaker 2: And then the final thing I want to cover for 520 00:28:07,720 --> 00:28:13,280 Speaker 2: you is the worst companies of this past decade had 521 00:28:13,320 --> 00:28:18,919 Speaker 2: a central thing. They were energy focused, the big energy company. 522 00:28:18,960 --> 00:28:21,320 Speaker 2: We companies we are watching die in front of us. 523 00:28:21,359 --> 00:28:23,440 Speaker 2: And some will make the adjustment and some will go 524 00:28:23,520 --> 00:28:25,960 Speaker 2: to clean energy and some will not, and they will 525 00:28:26,000 --> 00:28:29,080 Speaker 2: die a slow death before a company to draw down 526 00:28:29,119 --> 00:28:32,400 Speaker 2: seventy percent or eighty percent in a year is unfathomable, 527 00:28:32,560 --> 00:28:35,760 Speaker 2: but we are here at a change right before eyes. 528 00:28:35,960 --> 00:28:39,120 Speaker 2: So I appreciate you guys so much. I thank you Deally. 529 00:28:39,640 --> 00:28:41,680 Speaker 2: I want to remind you to please invest in the 530 00:28:41,720 --> 00:28:44,400 Speaker 2: market every single month, and if you are going to trade, 531 00:28:44,400 --> 00:28:47,440 Speaker 2: be dedicated. Practice your ass off because it's not easy. 532 00:28:47,840 --> 00:28:51,960 Speaker 2: I love you guys. Thank you my graduates from my 533 00:28:52,040 --> 00:28:59,240 Speaker 2: school being forced back drop drop, drop, drop drop. 534 00:29:09,920 --> 00:29:13,320 Speaker 5: With Robinhood, not only can you trade individual stocks and ETFs, 535 00:29:13,480 --> 00:29:17,320 Speaker 5: you can also seamlessly buy and sell crypto at low costs. 536 00:29:17,560 --> 00:29:21,600 Speaker 5: Trade all in one place. Get started now on robin Hood. 537 00:29:21,280 --> 00:29:22,800 Speaker 2: Trading Crypto involved significant risk. 538 00:29:22,840 --> 00:29:24,719 Speaker 5: Crypto trading is offered through an account with the Robinhood 539 00:29:24,720 --> 00:29:26,880 Speaker 5: Crypto LC. Robin Hood Crypto is licensed to engage in 540 00:29:26,960 --> 00:29:29,040 Speaker 5: virtual currency business activity by the New York State Department 541 00:29:29,040 --> 00:29:31,200 Speaker 5: of Financial Services. Crypto held thro robin Hood Cryptos not 542 00:29:31,200 --> 00:29:34,440 Speaker 5: FDIC insured or SIPC protected. Investing involves risk, including laws 543 00:29:34,480 --> 00:29:36,560 Speaker 5: of principle securities. Trading is offered through an account with 544 00:29:36,600 --> 00:29:39,800 Speaker 5: robin Hood Financial LLC member SIPC, a registered broker dealer