WEBVTT - Study Hall: KEYS TO LONG TERM INVESTING WITH IAN DUNLAP

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<v Speaker 1>An illegal alien from Guatemala charged with raping a child

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<v Speaker 1>in Massachusetts. An MS thirteen gang member from Al Salvador

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<v Speaker 1>accused of murdering a Texas man of Venezuelan charged with

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<v Speaker 1>filming and selling child pornography in Michigan. These are just

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<v Speaker 1>some of the heinous migrant criminals caught because of President

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<v Speaker 1>Donald J. Trump's leadership. I'm Christy nom the United States

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<v Speaker 1>Secretary of Homeland Security. Under President Trump, attempted illegal border

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<v Speaker 1>crossings are at the lowest levels ever recorded, and over

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<v Speaker 1>one hundred thousand illegal aliens have been arrested. If you

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<v Speaker 1>are here illegally, your next you will be fined nearly

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<v Speaker 1>one thousand dollars a day, imprisoned, and deported. You will

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<v Speaker 1>never return. But if you register using our CBP home

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<v Speaker 1>app and leave now, you could be allowed to return legally.

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<v Speaker 1>Do what's right. Leave now. Under President Trump, America's laws,

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<v Speaker 1>border and families will be protected.

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<v Speaker 2>Sponsored by the United States Department of Homeland Security. COVID

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<v Speaker 2>cases are spiking and this is going to be a

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<v Speaker 2>little repeat of twenty twenty, and I need you to

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<v Speaker 2>get prepared. So for those of you that are conspiracy theorists,

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<v Speaker 2>they listening to Alex Jones all day. Sorry, almost four

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<v Speaker 2>hundred thousand people have died. This thing is real and

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<v Speaker 2>it's getting worse now. This is the scary part. The

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<v Speaker 2>second version or the second iteration of COVID spreads faster

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<v Speaker 2>than the original. So I want you to write these

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<v Speaker 2>golden rules down because we are in a new normal.

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<v Speaker 2>We will never go back to the old model. So

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<v Speaker 2>for those of you who are in the workforce before

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<v Speaker 2>two thousand and seven, when the Great Recession hit, it

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<v Speaker 2>changed how business was done forever. I remember even going

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<v Speaker 2>to college in two thousand and it was like, man,

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<v Speaker 2>if you graduate, you're guarantee the job. And then the

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<v Speaker 2>Great Recession hit and that got wiped away. Twenty twenty

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<v Speaker 2>is come and we'll talk about it later. The era

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<v Speaker 2>that we're entering in now so before the information age,

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<v Speaker 2>where we are in a new age now. But here's

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<v Speaker 2>the thing that I want you to do. If you

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<v Speaker 2>are working, please write this down right now. For every

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<v Speaker 2>dollar that your company pays you, you need to know

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<v Speaker 2>how much of a return you are giving them, because

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<v Speaker 2>it's the only thing that is going to give you

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<v Speaker 2>any security with that company. Or when it's time to

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<v Speaker 2>apply for another job. Secondarily, I want to focus on this.

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<v Speaker 2>You have to break up your time into quadrants of

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<v Speaker 2>four and you have to have a time for work

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<v Speaker 2>a time for play. I'll tell you like this, Never

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<v Speaker 2>have I been to the funeral and once thought about

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<v Speaker 2>business when I was there. And companies will not care

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<v Speaker 2>about you as much. And everyone has seen the meme.

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<v Speaker 2>If you die today tomorrow you know your job will

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<v Speaker 2>be on a job board and that is very true.

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<v Speaker 2>So as we enter this new normal and things are

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<v Speaker 2>not going back to how they were before, I want

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<v Speaker 2>you to pick your own balance for how things are

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<v Speaker 2>going to be governed and then in this era for

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<v Speaker 2>you and your family. One of the biggest trading lessons

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<v Speaker 2>of the week to all my traders, get your pans out,

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<v Speaker 2>We'll get your phone out and screenshot this. Once you

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<v Speaker 2>have a major loss, you have to cut your losses

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<v Speaker 2>and stop. So number one, I want you to take

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<v Speaker 2>a break for a week, and after two days, I

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<v Speaker 2>need you to look at the recording and see what

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<v Speaker 2>went wrong. So if you go through the book Market Wizards,

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<v Speaker 2>which is probably my favorite book on trading, one of

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<v Speaker 2>the biggest things that people talk about is when they

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<v Speaker 2>have a big loss. You almost feel like you're in

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<v Speaker 2>a tornado and you don't know what happened, and emotions

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<v Speaker 2>kick in. But like a player would postgame, you need

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<v Speaker 2>to go through and look at the footage to see

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<v Speaker 2>what went wrong, what happened wrong, on what you can

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<v Speaker 2>do differently so that does not happen again. And number

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<v Speaker 2>one Number two, if you are a trader and you

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<v Speaker 2>are winning less than fifty percent of your trades, please

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<v Speaker 2>write this risk to reward ratio down. I want you

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<v Speaker 2>to risk one to make twenty two. Please type in

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<v Speaker 2>chat what percentage do you need to be at in

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<v Speaker 2>order to be profitable? If that is your risk of reward. Now,

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<v Speaker 2>not all products are gonna allow you to do that,

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<v Speaker 2>but now as that dal Russell on the future side

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<v Speaker 2>will allow you to do so, you need to risk

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<v Speaker 2>one to make twenty two. So even if you are

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<v Speaker 2>a bad trader from a stat's perspective, you still need

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<v Speaker 2>to be able to make money and know what the

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<v Speaker 2>probability is of your trading. I don't know something, You're

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<v Speaker 2>gonna kill me, but look, if UFOs are real, then

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<v Speaker 2>a space exploration will be the next frontier. So a

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<v Speaker 2>couple of weeks ago, on ig I was posting all

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<v Speaker 2>these conspiracy videos about UFOs right, and then behind the

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<v Speaker 2>scenes you can see there are a couple of tickers

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<v Speaker 2>up here. Go look at the ticker UFO, the ticker

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<v Speaker 2>are okay, t rocket. And then of course the amazing

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<v Speaker 2>Kathy Woods has her own which is going to focus

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<v Speaker 2>on space expiration. I think over the next ten years

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<v Speaker 2>there'll be some incredible revelations. But of course Amazon and

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<v Speaker 2>Tesla are already there. Whenever SpaceX goes public, I'm gonna

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<v Speaker 2>be by towards them because Elon is a great leader.

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<v Speaker 2>But look at these two ticker symbols. Tonight, question for you,

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<v Speaker 2>I need you to write this in chat. Have you

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<v Speaker 2>made more money from long term holding or from trading?

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<v Speaker 2>Kirk put up a great comment last week, and I

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<v Speaker 2>was told by my uncle, an investor worth a high

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<v Speaker 2>eight figures, what to do with my money. Only buy

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<v Speaker 2>grown companies and hold them. Do not trade. You will

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<v Speaker 2>regret doing that. Now. Twenty percent of people that begin

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<v Speaker 2>trading stick around for more than a year. Out of

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<v Speaker 2>that twenty only ten percent stay around for five years.

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<v Speaker 2>Here's a great thing, though, Even if you never learn

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<v Speaker 2>how to trade, keep your money in the market for

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<v Speaker 2>a long enough period. A ten year old is ideal.

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<v Speaker 2>You'll beat most people that are actually trading, because most

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<v Speaker 2>traders blow up their account and give all their money back.

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<v Speaker 2>So I know there's a lot of other things that

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<v Speaker 2>are sexy, but the tried and true formula here is

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<v Speaker 2>to hold for ten years, and if you can hold

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<v Speaker 2>for thirty, that would be absolutely incredible in terms of selectivity,

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<v Speaker 2>in terms of your allocation. For every twenty investments you see,

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<v Speaker 2>you have to say no to nineteen of them. So

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<v Speaker 2>for weeks we've talked about fundamentally what I look at

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<v Speaker 2>when I assess the company, and we'll talk about another

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<v Speaker 2>one tonight. But when I'm going through and comparing companies

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<v Speaker 2>to the primary ones that I like, they have to

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<v Speaker 2>trump the ones that I have already, and if they don't,

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<v Speaker 2>you have to let it go. Sometimes because of the

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<v Speaker 2>amount of media we're taking in, we're like, hey, let

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<v Speaker 2>me just jump in this one and let's see how

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<v Speaker 2>it pans out. But remember the number of shares that

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<v Speaker 2>we own is more important than the price we particularly

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<v Speaker 2>got in, and we want to focus on a few

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<v Speaker 2>concentrated quality companies opposed to having thirty five in a

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<v Speaker 2>portfolio trading lesson number three, and for traders, our point

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<v Speaker 2>of reflection and insights usually happen on the days we

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<v Speaker 2>have off. So the future as market was upen for

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<v Speaker 2>half a day. The volume wasn't that high. But the

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<v Speaker 2>secret is cutting down the number of trades you take

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<v Speaker 2>for the year, so you can follow this simple matrix.

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<v Speaker 2>First quarter, want you to take twelve. Second quarter, I

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<v Speaker 2>want you to take twelve trades. Third quarter, twelve, fourth quarter.

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<v Speaker 2>You already have an assessment for how the year went.

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<v Speaker 2>Either we're super bullish, super barish, or we were ranging.

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<v Speaker 2>Fourth quarter. You can double the amount of trades and

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<v Speaker 2>do twenty four. But too many people trade like they're

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<v Speaker 2>gambling in Vegas, opposed to running it like a business.

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<v Speaker 2>You want to treat trade in like a business year

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<v Speaker 2>in and year out. Please put trade like it's a

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<v Speaker 2>business in chat. The top ten apps to twenty twenty.

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<v Speaker 2>Now look at these. Zoom number one, which we're on now,

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<v Speaker 2>and they're gradually improving. TikTok right, Third is Disney Plus,

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<v Speaker 2>fourth is YouTube owned by Google, then Instagram, Facebook. But

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<v Speaker 2>the thing I want you to notice how Instagram and

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<v Speaker 2>Facebook are falling out of favor Josh last week talked

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<v Speaker 2>about how Facebook is a communication company. And also, for

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<v Speaker 2>those of you that are insiders on in the industry,

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<v Speaker 2>you know that Zuckerberg is not the most favorable CEO

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<v Speaker 2>for whatever reason. I don't know if because he blew

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<v Speaker 2>off Wall Street week they haven't liked him since then.

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<v Speaker 2>He isn't the darling entrepreneur and CEO that some of

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<v Speaker 2>his peers are held out to be. So Facebook is

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<v Speaker 2>sliding down. Snapchat, even though it's lost popularity, still was

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<v Speaker 2>downloaded or not a lot messengers underneath Snapchat once again

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<v Speaker 2>a Facebook product. It's towards the end of the chain. Gmail,

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<v Speaker 2>and then of course cash App, owned by Square. Square

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<v Speaker 2>is an amazing company. So these are the top ten.

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<v Speaker 2>But when you see these kind of lists, pay attention

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<v Speaker 2>to who is up top and who is sliding down.

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<v Speaker 2>And if you compare twenty twenty to twenty nineteen and

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<v Speaker 2>go through twenty seventeen and twenty sixteen, you will see

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<v Speaker 2>that there's a gradual change to the downside. And then

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<v Speaker 2>of course TikTok came out of nowhere and crushed the market.

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<v Speaker 2>And I posted this earlier, but I need to have

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<v Speaker 2>a very honest conversation with you about for those of

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<v Speaker 2>you that are trading, if you're not studying every day,

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<v Speaker 2>it's only because deep down you don't want to win.

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<v Speaker 2>And if you're overtrading, it's because you don't want to win,

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<v Speaker 2>because you are self sabotaging. I'll tell you like this,

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<v Speaker 2>if you truly, truly love trading the act of and

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<v Speaker 2>we have some athletes on here, like the guys that

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<v Speaker 2>you have to beat into the gym, they don't want

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<v Speaker 2>to play ball. And it's okay, you don't have to trade.

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<v Speaker 2>You can make way more money doing something else. I

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<v Speaker 2>want you to follow what your passion. I know, trading

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<v Speaker 2>right now sexy as hell, and it's in vogue and

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<v Speaker 2>I can't wait till it goes not to being sexy

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<v Speaker 2>anymore how it used to be three or four years ago.

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<v Speaker 2>But when you want it, you will lust after the

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<v Speaker 2>work that comes with it in order to win. So

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<v Speaker 2>if you are not studying every or you feel like

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<v Speaker 2>it's a chore that you hate, I want you to

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<v Speaker 2>make the decision either to walk away and be a

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<v Speaker 2>long term investor or go all in. But I want

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<v Speaker 2>you to put in chat. Are you going to go

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<v Speaker 2>all in? All long term invest and like I said before,

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<v Speaker 2>even if you just long term invest, you're going to

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<v Speaker 2>do better than most people who solely trade. Last week,

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<v Speaker 2>Josh talked to us about why PE ratio doesn't matter

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<v Speaker 2>as much, and I want to take you down a

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<v Speaker 2>quick trip down memory lane. So in two thousand and eight,

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<v Speaker 2>because it's same So when you guys are like, hey,

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<v Speaker 2>Apple's going to fall apart, this story gets printed every

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<v Speaker 2>damn year. So in two thousand and eight, this is

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<v Speaker 2>the day, like the market lost faith in Apple. Steve

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<v Speaker 2>was still running it right, so you can see here

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<v Speaker 2>had about an eighteen cash trailing and ten x four

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<v Speaker 2>it while maintaining seventy percent earnings growth for over a year.

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<v Speaker 2>And it was the same thing. Not enough products, MacBooks

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<v Speaker 2>are dying, the CEO isn't good, is boring? We want

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<v Speaker 2>some new right, But look at the price of Apple then,

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<v Speaker 2>and if you would have held from two thousand and

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<v Speaker 2>eight through now. So when we're looking at these ratios,

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<v Speaker 2>and even if you're looking at Benjamin Graham's model or

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<v Speaker 2>another indicator that you guys can runt write down is

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<v Speaker 2>buffets measurement of the market. They are great ways to calculate,

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<v Speaker 2>but sometimes they misstep. So if you go and look

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<v Speaker 2>at this article, you can see Apple's potential was discounted

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<v Speaker 2>for six months before the recession, and then the market

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<v Speaker 2>bottomed out and their earning was great and they continue

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<v Speaker 2>to innovate and continue to make sales like crazy, and

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<v Speaker 2>they went to the upside. So even if something has

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<v Speaker 2>a high PE ratio, it's just the cost that you're

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<v Speaker 2>paying for those earnings. But what if they're earning their

0:11:49.040 --> 0:11:52.640
<v Speaker 2>company is printing earnings like shit and they are non

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<v Speaker 2>their company that's a NonStop printing machine. You should not

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<v Speaker 2>get out of them because of that reason. So sometimes

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<v Speaker 2>PE ratio and these ratios can be misleading. I think

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<v Speaker 2>they are good measurement for the overall index, but there

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<v Speaker 2>has to be an exception for when a company it's

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<v Speaker 2>top one or two in it's field. And this is

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<v Speaker 2>the point that I need to drive home again for

0:12:14.559 --> 0:12:17.240
<v Speaker 2>my fundamental and technical traders. There has to be a

0:12:17.240 --> 0:12:20.120
<v Speaker 2>catalyst for while the market falls, the market isn't going

0:12:20.200 --> 0:12:22.320
<v Speaker 2>to slide down just because we hit a technical level.

0:12:23.240 --> 0:12:25.280
<v Speaker 2>That's why you can see we constantly have been hitting

0:12:25.320 --> 0:12:27.559
<v Speaker 2>all time highs and everyone's like, well, I'm in short here,

0:12:27.559 --> 0:12:29.880
<v Speaker 2>and I'm like, why so they hit a high, it

0:12:29.920 --> 0:12:35.200
<v Speaker 2>can go fifteen percent higher before it eventually slides down.

0:12:36.160 --> 0:12:39.199
<v Speaker 2>So you need an interest rate increase, which we may

0:12:39.200 --> 0:12:42.120
<v Speaker 2>have soon. A bubble, a weak market, we need something

0:12:42.120 --> 0:12:44.400
<v Speaker 2>to push it down. And here's a good trick to know.

0:12:44.720 --> 0:12:48.240
<v Speaker 2>Whatever that catalyst is, it will be on the news

0:12:48.240 --> 0:12:50.679
<v Speaker 2>as soon as you get off work soon and then

0:12:50.720 --> 0:12:53.719
<v Speaker 2>it'll be all over social. So with COVID is if

0:12:53.720 --> 0:12:56.720
<v Speaker 2>we hit a certain benchmark, we cross three or four

0:12:56.720 --> 0:12:59.040
<v Speaker 2>million deaths, that will push the market down a lot.

0:12:59.080 --> 0:13:03.600
<v Speaker 2>But until then, don't worry. I don't know if you

0:13:03.600 --> 0:13:07.600
<v Speaker 2>guys know, but Market Monday is a idea and a

0:13:07.960 --> 0:13:11.160
<v Speaker 2>real time course that should be a hell of a

0:13:11.160 --> 0:13:13.840
<v Speaker 2>lot in real time. But I want you to remember

0:13:13.840 --> 0:13:16.880
<v Speaker 2>to execute. Kudos to their brother here who's up on

0:13:17.000 --> 0:13:19.760
<v Speaker 2>Plug and NEO. What I don't want to do is

0:13:19.760 --> 0:13:22.120
<v Speaker 2>solely entertain you. What I want you to do is

0:13:22.160 --> 0:13:24.960
<v Speaker 2>for you to be entertained, inspired, and then you execute.

0:13:25.920 --> 0:13:28.400
<v Speaker 2>So I know some of you are like, hey, you

0:13:28.480 --> 0:13:30.880
<v Speaker 2>hear one thing, but when you go back and listen,

0:13:31.280 --> 0:13:33.200
<v Speaker 2>another thing has been said. So for those of you

0:13:33.280 --> 0:13:36.280
<v Speaker 2>that have wondered if NEO is solid, plug is solid. Yes,

0:13:36.440 --> 0:13:38.040
<v Speaker 2>I don't think they're the leader in that space, and

0:13:38.080 --> 0:13:39.080
<v Speaker 2>I don't think that they will be.

0:13:40.559 --> 0:13:42.800
<v Speaker 3>This episode is brought to you by P and C Bank.

0:13:43.200 --> 0:13:45.960
<v Speaker 3>A lot of people think podcasts about work are boring,

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<v Speaker 3>and sure they definitely can be, but understanding of professionals

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<v Speaker 2>At least for five or ten years. But they are

0:16:33.440 --> 0:16:37.120
<v Speaker 2>solid investments, but they're too high at the moment. And

0:16:37.200 --> 0:16:39.800
<v Speaker 2>same thing with Boeing. Boweing is not one of the

0:16:39.800 --> 0:16:43.280
<v Speaker 2>best companies. There's a great lesson here. Sometimes certain assets

0:16:43.320 --> 0:16:45.800
<v Speaker 2>will come down so much that they are just a steel.

0:16:46.520 --> 0:16:48.240
<v Speaker 2>So if you can get a house that's worth two

0:16:48.320 --> 0:16:51.240
<v Speaker 2>hundred grand on sale for twenty five grand, that's what

0:16:51.280 --> 0:16:54.480
<v Speaker 2>Boeing look like when we crash. I don't love Boweing,

0:16:54.480 --> 0:16:56.400
<v Speaker 2>but out of the airline sector was the only one

0:16:56.440 --> 0:16:58.720
<v Speaker 2>that I really liked, and they know one up to

0:16:58.720 --> 0:17:01.560
<v Speaker 2>twenty nine and off and it's been sliding back. So

0:17:01.760 --> 0:17:04.679
<v Speaker 2>once again, I want to remind you guys to listen,

0:17:05.119 --> 0:17:07.680
<v Speaker 2>take notes, and even after the episode is over, watch

0:17:07.720 --> 0:17:09.399
<v Speaker 2>the replay because there's some gems in there that you

0:17:09.480 --> 0:17:14.320
<v Speaker 2>probably missed onto fundamentals that matter. Please write, write this down.

0:17:14.480 --> 0:17:18.160
<v Speaker 2>Rotation is not for you. I've never seen so many

0:17:18.280 --> 0:17:21.640
<v Speaker 2>retail traders in my life here about rotation for long

0:17:21.720 --> 0:17:24.960
<v Speaker 2>term investment. If you're trading, okay, different, but if you're

0:17:25.000 --> 0:17:28.199
<v Speaker 2>holding for a long period of time, it's not for you.

0:17:28.920 --> 0:17:32.200
<v Speaker 2>Hedge funds have to spend money every quarter. You don't.

0:17:32.800 --> 0:17:34.800
<v Speaker 2>And then the second one is mind share. So mind

0:17:34.840 --> 0:17:38.200
<v Speaker 2>share is when you say a category or brand is

0:17:38.240 --> 0:17:40.080
<v Speaker 2>the first thing that you think about. So let's play

0:17:40.080 --> 0:17:43.120
<v Speaker 2>a little game. So if I mention a car company,

0:17:43.160 --> 0:17:45.399
<v Speaker 2>what's the first car company that comes to your mind?

0:17:45.760 --> 0:17:51.280
<v Speaker 2>Please type and chat. Okay. Now, if I mentioned a

0:17:51.320 --> 0:17:59.440
<v Speaker 2>sneaker company, what's the first one that comes to mind? Okay?

0:17:59.520 --> 0:18:02.800
<v Speaker 2>If I mention an electronics company, well, let's say computer

0:18:02.840 --> 0:18:08.679
<v Speaker 2>company to be more specific, which one comes to mind?

0:18:09.920 --> 0:18:13.240
<v Speaker 2>I love Michaeldeal, but nobody's saying Dell. So mind Chair

0:18:13.320 --> 0:18:15.560
<v Speaker 2>is the one. If you interview ten people on the street,

0:18:15.680 --> 0:18:19.600
<v Speaker 2>eight out of ten would say that particular brand mind

0:18:19.680 --> 0:18:23.520
<v Speaker 2>Chair is an equation and fundamental analysis that I think

0:18:23.600 --> 0:18:27.040
<v Speaker 2>is over excuse me, underrated, very underrated. And I want

0:18:27.040 --> 0:18:29.920
<v Speaker 2>to clear this up. So I know some of you

0:18:30.000 --> 0:18:31.919
<v Speaker 2>have been hit me up about twenty four strings of revenue.

0:18:31.920 --> 0:18:33.960
<v Speaker 2>I want to be very clear. I'm not saying that

0:18:34.040 --> 0:18:36.919
<v Speaker 2>I want you to make twenty four different businesses or

0:18:36.960 --> 0:18:40.159
<v Speaker 2>have twenty four jobs, because that's impossible. But I do

0:18:40.240 --> 0:18:42.439
<v Speaker 2>want to walk through some of the biggest finance lessons

0:18:42.440 --> 0:18:44.639
<v Speaker 2>from some of the biggest companies in the world. So

0:18:44.680 --> 0:18:48.240
<v Speaker 2>if you look at Microsoft, Microsoft has over one hundred

0:18:48.280 --> 0:18:53.120
<v Speaker 2>and one products. If they only needed seven for world

0:18:53.200 --> 0:18:56.399
<v Speaker 2>domination with all the data that they have, don't you

0:18:56.440 --> 0:19:03.200
<v Speaker 2>think they would do seven apples? Thirty Pepsi has over

0:19:03.240 --> 0:19:05.840
<v Speaker 2>one hundred. Let's go to all my folks in atl

0:19:06.640 --> 0:19:11.480
<v Speaker 2>Coca Cola. You can google this has five hundred brands

0:19:11.720 --> 0:19:16.919
<v Speaker 2>underneath their umbrella and thirty nine hundred beverag choices thirty

0:19:17.000 --> 0:19:22.480
<v Speaker 2>nine hundred. So if the magical number was seven, with

0:19:22.640 --> 0:19:25.760
<v Speaker 2>all the research and brand development that Coca Cola's done.

0:19:25.880 --> 0:19:28.439
<v Speaker 2>Don't you think seven will be more than enough? So

0:19:28.480 --> 0:19:30.399
<v Speaker 2>if you're just starting, I don't want you to be

0:19:31.400 --> 0:19:35.919
<v Speaker 2>upset by hearing this number. But our job is delivered

0:19:36.040 --> 0:19:38.840
<v Speaker 2>to deliver the truth to the community and not bullshit

0:19:38.840 --> 0:19:42.960
<v Speaker 2>advice that's been shoveled down Instagram until you by people

0:19:43.040 --> 0:19:45.640
<v Speaker 2>who are not doing that. But they're on clubhouse nine

0:19:45.640 --> 0:19:49.040
<v Speaker 2>hours a day drinking all the kids juicy juice. Like,

0:19:49.080 --> 0:19:52.280
<v Speaker 2>we're not here for that. But thirty nine hundred choices

0:19:52.359 --> 0:19:55.760
<v Speaker 2>is a lot of excus but there's a reason for that.

0:19:57.960 --> 0:19:59.680
<v Speaker 2>I'll walk you through a book that I think is

0:19:59.680 --> 0:20:01.639
<v Speaker 2>probably probably going to be the next money master of

0:20:01.640 --> 0:20:04.520
<v Speaker 2>the game from a macro level tonight. But a very

0:20:04.560 --> 0:20:09.840
<v Speaker 2>interesting insight that Chamunth gave to Josh when they were

0:20:09.840 --> 0:20:12.560
<v Speaker 2>at a conference was they stopped learning twenty years ago.

0:20:13.560 --> 0:20:15.560
<v Speaker 2>What I don't want you, guys to do is even

0:20:15.600 --> 0:20:17.480
<v Speaker 2>hear the information that we give you and just take

0:20:17.680 --> 0:20:21.240
<v Speaker 2>face value. I want you to go review it, read

0:20:21.280 --> 0:20:23.960
<v Speaker 2>it and make sure that it's true, because most people

0:20:23.960 --> 0:20:30.160
<v Speaker 2>in investing stop learning after year one, and that's how

0:20:30.160 --> 0:20:34.399
<v Speaker 2>most people end up giving up their edge. Okay, and

0:20:34.440 --> 0:20:36.399
<v Speaker 2>you guys did an amazing job with the interview with

0:20:36.400 --> 0:20:39.119
<v Speaker 2>Mark Cuban. I want you guys to go back and

0:20:39.119 --> 0:20:42.080
<v Speaker 2>look and listen to the interview. But the minimization of

0:20:42.160 --> 0:20:45.840
<v Speaker 2>risk for how he was protecting his capital and his

0:20:45.920 --> 0:20:48.800
<v Speaker 2>new found wealth is the most important lesson in that

0:20:48.920 --> 0:20:52.760
<v Speaker 2>college strategy that he executed. Could he have made more, Yes,

0:20:53.000 --> 0:20:55.840
<v Speaker 2>he's done pretty damn well for himself. Since kudos to

0:20:55.840 --> 0:20:59.760
<v Speaker 2>everybody at iye you. But even if you don't have

0:21:00.200 --> 0:21:02.679
<v Speaker 2>a lot of money, I know the idea is you

0:21:02.720 --> 0:21:05.959
<v Speaker 2>want to grow fast. But if you grow fast and

0:21:06.000 --> 0:21:08.240
<v Speaker 2>you lose fast, what ends up happening for us to

0:21:08.320 --> 0:21:11.200
<v Speaker 2>the African American and breaks your spirit and you leave

0:21:11.240 --> 0:21:15.800
<v Speaker 2>the market and never come back. It's a unique experience.

0:21:16.520 --> 0:21:19.560
<v Speaker 2>So the reason why I'm saying defense, defense, defense, Why

0:21:19.600 --> 0:21:22.399
<v Speaker 2>it's not the sexiest thing. It doesn't matter if you

0:21:23.000 --> 0:21:24.960
<v Speaker 2>have a two hundred percent gainer and then on your

0:21:24.960 --> 0:21:27.280
<v Speaker 2>next trade you get back one hundred and fifty percent

0:21:27.320 --> 0:21:30.119
<v Speaker 2>of it or two hundred percent of it, or you

0:21:30.160 --> 0:21:33.400
<v Speaker 2>get margin called and lose more. So go right down

0:21:33.440 --> 0:21:36.679
<v Speaker 2>and go look up that strategy that he executed, and

0:21:36.720 --> 0:21:39.120
<v Speaker 2>I think it will have a tremendous impact on how

0:21:39.160 --> 0:21:43.960
<v Speaker 2>you invest going forward. This is for the dads. I

0:21:44.040 --> 0:21:47.200
<v Speaker 2>want you to stop thinking about investing over a short

0:21:47.200 --> 0:21:49.600
<v Speaker 2>period of time, and I want you to make some

0:21:49.760 --> 0:21:52.480
<v Speaker 2>funds available for your family for the next hundred years.

0:21:54.800 --> 0:21:57.359
<v Speaker 2>I think we're thinking about this on too short of

0:21:57.359 --> 0:22:02.639
<v Speaker 2>a timeframe. Is it worth a sacrifice? I think if

0:22:02.680 --> 0:22:05.520
<v Speaker 2>you love your child, yes, it's my job personally for

0:22:05.600 --> 0:22:07.479
<v Speaker 2>me and my family to provide for the next two

0:22:07.560 --> 0:22:11.359
<v Speaker 2>hundred years. So the seeds that I lay, I hope

0:22:12.160 --> 0:22:14.199
<v Speaker 2>Xander or his child does not mess it up. But

0:22:14.280 --> 0:22:16.840
<v Speaker 2>for the next two hundred years, I'll be able to

0:22:16.880 --> 0:22:19.440
<v Speaker 2>provide a solid foundation for him and then for the

0:22:19.560 --> 0:22:21.600
<v Speaker 2>dads to love your children. I think that should be

0:22:21.600 --> 0:22:23.560
<v Speaker 2>a goal. And next week I'll walk you through some

0:22:23.680 --> 0:22:27.080
<v Speaker 2>of the steps we can do to make that a reality.

0:22:28.080 --> 0:22:29.879
<v Speaker 2>And for those of you who are just starting and

0:22:29.920 --> 0:22:33.199
<v Speaker 2>you feel intimidated, let's look at this. Here's how much

0:22:33.200 --> 0:22:34.520
<v Speaker 2>you would have made if you would have just invested

0:22:34.560 --> 0:22:36.840
<v Speaker 2>five hundred a month type yes and chat if you

0:22:36.880 --> 0:22:39.840
<v Speaker 2>spent five hundred a month partying or on other things

0:22:39.840 --> 0:22:43.560
<v Speaker 2>that brought you less value four percent ready to return,

0:22:43.880 --> 0:22:48.000
<v Speaker 2>which I mean invest in ask considerable risk. Nothing is guaranteed.

0:22:48.040 --> 0:22:51.600
<v Speaker 2>We cannot project future gains based on past performance, and

0:22:51.640 --> 0:22:53.800
<v Speaker 2>you can reshot at Troy, but I think I can

0:22:53.800 --> 0:22:55.359
<v Speaker 2>comfortably say that we may be able to get you

0:22:55.359 --> 0:23:00.879
<v Speaker 2>four percent easily. Perhaps five hundred a month for ten years.

0:23:01.000 --> 0:23:05.640
<v Speaker 2>You have seventy three grand at six percent return, eighty

0:23:05.680 --> 0:23:08.000
<v Speaker 2>one thousand, five hundred a month of ten years of

0:23:08.000 --> 0:23:10.239
<v Speaker 2>an eight percent return, you have ninety one thousand. Now

0:23:10.280 --> 0:23:13.439
<v Speaker 2>I want you to calculate if you got eighteen percent

0:23:14.000 --> 0:23:16.480
<v Speaker 2>year of a year for ten years, how much that

0:23:16.520 --> 0:23:20.040
<v Speaker 2>would be. It's not the dollar amount that you start with,

0:23:20.119 --> 0:23:23.879
<v Speaker 2>it's the consistency and the action. And some of you

0:23:23.920 --> 0:23:25.760
<v Speaker 2>figured this out in March. It's like you got in

0:23:25.760 --> 0:23:28.200
<v Speaker 2>at a great price on some companies, but you only

0:23:28.240 --> 0:23:30.280
<v Speaker 2>got ten shares of it. And it's like, damn. If

0:23:30.520 --> 0:23:34.680
<v Speaker 2>you knew back then what you know now, you probably

0:23:34.720 --> 0:23:38.840
<v Speaker 2>would have furnished or liquidated everything to furnish those investments

0:23:38.920 --> 0:23:42.320
<v Speaker 2>going forward. So even if you're starting small, it's okay.

0:23:42.400 --> 0:23:45.640
<v Speaker 2>It's going to give you confidence to bill later. And

0:23:45.680 --> 0:23:47.720
<v Speaker 2>as we get close to wrapping up, I want to

0:23:47.760 --> 0:23:50.040
<v Speaker 2>show you how to identify the best companies in the

0:23:50.119 --> 0:23:53.920
<v Speaker 2>sector in less than ninety seconds. So if we take

0:23:57.080 --> 0:24:00.480
<v Speaker 2>this site is called guru Focus. So let's go to

0:24:00.560 --> 0:24:03.400
<v Speaker 2>my favorite Let's go to technology. Step one, I want

0:24:03.400 --> 0:24:07.200
<v Speaker 2>you to click on the sector. It's my screen still

0:24:07.200 --> 0:24:11.760
<v Speaker 2>showing to no. Yes, okay, hold on, let me show

0:24:11.800 --> 0:24:14.960
<v Speaker 2>the entire screen. Okay, yeah, there we go. Now this

0:24:15.040 --> 0:24:17.840
<v Speaker 2>is a gourgu Focus. I'm not a paid affiliated to anything.

0:24:17.840 --> 0:24:20.639
<v Speaker 2>Step one, I want you to click on the sector.

0:24:21.960 --> 0:24:24.879
<v Speaker 2>Great Now, After that, I want you to pick on

0:24:24.960 --> 0:24:27.760
<v Speaker 2>the biggest portion of that pie. So in this case

0:24:27.800 --> 0:24:30.119
<v Speaker 2>it will be software. It's fifty point eight percent of

0:24:30.160 --> 0:24:33.080
<v Speaker 2>the market. So we'll click here. Great Now, we'll go

0:24:33.119 --> 0:24:38.320
<v Speaker 2>to software and let's see who runs that space. And

0:24:38.400 --> 0:24:44.000
<v Speaker 2>you can see clearly by industry waiting, Microsoft is first,

0:24:45.359 --> 0:24:48.400
<v Speaker 2>and then you have the other smaller players. Notice nobody's

0:24:48.440 --> 0:24:51.439
<v Speaker 2>ever screaming damn, I should buy IBM, even though they

0:24:51.520 --> 0:24:53.720
<v Speaker 2>may have a chance in the next couple of years

0:24:53.760 --> 0:24:55.959
<v Speaker 2>to go up a little bit higher. Right, And then

0:24:56.000 --> 0:24:57.800
<v Speaker 2>you can do the same thing with hardware. So let's

0:24:57.800 --> 0:24:59.879
<v Speaker 2>go look at hardware. We can look at the waiting.

0:25:00.560 --> 0:25:04.760
<v Speaker 2>Who runs the waiting for hardware by a landslide is Apple.

0:25:05.720 --> 0:25:08.560
<v Speaker 2>So I'm literally looking at who is the biggest player

0:25:08.560 --> 0:25:13.000
<v Speaker 2>in the market selecting those and then inside of that category,

0:25:13.520 --> 0:25:15.920
<v Speaker 2>I'm picking the top two. I don't want the ninth

0:25:15.960 --> 0:25:20.120
<v Speaker 2>best semiconductor in a space, So let's click on semiconductor.

0:25:20.359 --> 0:25:24.640
<v Speaker 2>So you can see in video Solid love a lot

0:25:24.840 --> 0:25:30.080
<v Speaker 2>Intel that market share is dying great and you can

0:25:30.200 --> 0:25:33.240
<v Speaker 2>use this site to see who are the market share

0:25:33.400 --> 0:25:35.360
<v Speaker 2>leaders in a particular space. And I got a couple

0:25:35.359 --> 0:25:40.199
<v Speaker 2>more slizes and then we'll wrap up. So if you

0:25:40.240 --> 0:25:43.960
<v Speaker 2>look at the five things the market cares about the most,

0:25:44.080 --> 0:25:48.359
<v Speaker 2>please screenshot this. There's so much talk about what matters

0:25:48.359 --> 0:25:51.240
<v Speaker 2>and what moves the market. These are a core five.

0:25:51.960 --> 0:25:54.560
<v Speaker 2>Number one, the stability of the economy. Is the economy

0:25:54.560 --> 0:25:56.439
<v Speaker 2>doing good or bad. If the economy is doing good,

0:25:56.480 --> 0:25:58.880
<v Speaker 2>people going to spend more, and even companies that are

0:25:58.880 --> 0:26:01.680
<v Speaker 2>not that talented or that great we have great management

0:26:01.680 --> 0:26:04.720
<v Speaker 2>will do well. Number two interest rates. Interest rates have

0:26:04.800 --> 0:26:06.359
<v Speaker 2>been low for a long time, and when they finally

0:26:06.359 --> 0:26:08.359
<v Speaker 2>bump this up, man, the market is going to slide

0:26:08.359 --> 0:26:11.199
<v Speaker 2>back some and all this free cash that we've been

0:26:11.200 --> 0:26:13.400
<v Speaker 2>getting out of the market and all these easy eighteen

0:26:13.480 --> 0:26:16.920
<v Speaker 2>and twenty five percent games, they're going to go away.

0:26:17.400 --> 0:26:19.600
<v Speaker 2>They're going to go away. Number three earnings of a

0:26:19.640 --> 0:26:22.600
<v Speaker 2>particular company. So I want you to look at the

0:26:22.640 --> 0:26:24.480
<v Speaker 2>top two leaders, of the top three leaders in the

0:26:24.520 --> 0:26:27.920
<v Speaker 2>space and see what the earnings are. Number four does

0:26:27.960 --> 0:26:30.040
<v Speaker 2>not get talked about enough enough, but it's really the

0:26:30.080 --> 0:26:33.439
<v Speaker 2>number of buyers and sellers. There are more buyers in

0:26:33.480 --> 0:26:36.879
<v Speaker 2>Tesla than there are short sellers. For all the short sellers,

0:26:36.960 --> 0:26:39.480
<v Speaker 2>may you rest in peace, stop short in Tesla. And

0:26:39.600 --> 0:26:44.480
<v Speaker 2>number five, who is best in a category investment? Is

0:26:44.520 --> 0:26:46.920
<v Speaker 2>not that Even when we did the mind share exercise,

0:26:47.000 --> 0:26:49.359
<v Speaker 2>no one is named of the fifteenth best player in

0:26:49.400 --> 0:26:52.639
<v Speaker 2>the space. And we are in an efficiency era and

0:26:52.680 --> 0:26:54.679
<v Speaker 2>this will not go away. So before it was the

0:26:54.720 --> 0:26:58.119
<v Speaker 2>information age, but the companies that will dominate now are

0:26:58.160 --> 0:27:01.040
<v Speaker 2>the ones that will make our lives easier, get things

0:27:01.040 --> 0:27:05.440
<v Speaker 2>for us faster, and save us money. So like Roku, Netflix, Zillo.

0:27:05.680 --> 0:27:07.920
<v Speaker 2>So if you guys have not looked, Zillo is now

0:27:07.920 --> 0:27:11.720
<v Speaker 2>make an offer on houses. So for my real estate agents,

0:27:11.800 --> 0:27:15.440
<v Speaker 2>you're going to have to find a way to take

0:27:15.480 --> 0:27:18.000
<v Speaker 2>care of your customers and clients more and also sell

0:27:18.040 --> 0:27:21.359
<v Speaker 2>them houses faster because the biggest player in the space

0:27:21.440 --> 0:27:23.080
<v Speaker 2>is now starting to look to eat your lunch. And

0:27:23.119 --> 0:27:27.399
<v Speaker 2>all technology companies usually aim to do this Dominos Match,

0:27:27.520 --> 0:27:31.960
<v Speaker 2>so Match owns everything except Bumble. They are a huge

0:27:31.960 --> 0:27:33.600
<v Speaker 2>conglimerate and when I did the interview with Easy, we

0:27:33.600 --> 0:27:35.040
<v Speaker 2>talked about that a few months ago. They've been on

0:27:35.080 --> 0:27:38.639
<v Speaker 2>a tear. And of course, Amazon, the company that makes

0:27:38.720 --> 0:27:41.880
<v Speaker 2>life easier for us so we don't have to drive

0:27:41.920 --> 0:27:44.040
<v Speaker 2>and drop off tapes at Blockbuster and get a fine

0:27:44.720 --> 0:27:46.800
<v Speaker 2>Netflix is a better pick. Roku is a better pick.

0:27:47.080 --> 0:27:50.160
<v Speaker 2>In comparison, we have now switched to an efficiency era

0:27:50.600 --> 0:27:52.920
<v Speaker 2>and for my business owners, you need to find a

0:27:52.960 --> 0:27:54.560
<v Speaker 2>way to get things delivered to you in a much

0:27:54.600 --> 0:27:57.160
<v Speaker 2>faster way. Ten years ago you would have to drive

0:27:57.240 --> 0:27:59.959
<v Speaker 2>to downtown to meet with Reshid right, maybe do love

0:28:00.080 --> 0:28:05.520
<v Speaker 2>much now Zoom. We have to streamline everything that we're doing.

0:28:06.080 --> 0:28:07.679
<v Speaker 2>And then the final thing I want to cover for

0:28:07.720 --> 0:28:13.280
<v Speaker 2>you is the worst companies of this past decade had

0:28:13.320 --> 0:28:18.919
<v Speaker 2>a central thing. They were energy focused, the big energy company.

0:28:18.960 --> 0:28:21.320
<v Speaker 2>We companies we are watching die in front of us.

0:28:21.359 --> 0:28:23.440
<v Speaker 2>And some will make the adjustment and some will go

0:28:23.520 --> 0:28:25.960
<v Speaker 2>to clean energy and some will not, and they will

0:28:26.000 --> 0:28:29.080
<v Speaker 2>die a slow death before a company to draw down

0:28:29.119 --> 0:28:32.400
<v Speaker 2>seventy percent or eighty percent in a year is unfathomable,

0:28:32.560 --> 0:28:35.760
<v Speaker 2>but we are here at a change right before eyes.

0:28:35.960 --> 0:28:39.120
<v Speaker 2>So I appreciate you guys so much. I thank you Deally.

0:28:39.640 --> 0:28:41.680
<v Speaker 2>I want to remind you to please invest in the

0:28:41.720 --> 0:28:44.400
<v Speaker 2>market every single month, and if you are going to trade,

0:28:44.400 --> 0:28:47.440
<v Speaker 2>be dedicated. Practice your ass off because it's not easy.

0:28:47.840 --> 0:28:51.960
<v Speaker 2>I love you guys. Thank you my graduates from my

0:28:52.040 --> 0:28:59.240
<v Speaker 2>school being forced back drop drop, drop, drop drop.

0:29:09.920 --> 0:29:13.320
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0:29:13.480 --> 0:29:17.320
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<v Speaker 2>Trading Crypto involved significant risk.

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<v Speaker 5>Crypto trading is offered through an account with the Robinhood

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<v Speaker 5>Crypto LC. Robin Hood Crypto is licensed to engage in

0:29:26.960 --> 0:29:29.040
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0:29:36.600 --> 0:29:39.800
<v Speaker 5>robin Hood Financial LLC member SIPC, a registered broker dealer