WEBVTT - The Best Investment Strategy to Make Money 0:00:00.040 --> 0:00:03.600 An illegal alien from Guatemala charged with raping a child 0:00:03.680 --> 0:00:07.480 in Massachusetts. An MS thirteen gang member from Al Salvador 0:00:07.720 --> 0:00:11.840 accused of murdering a Texas man of Venezuelan charged with 0:00:11.920 --> 0:00:15.840 filming and selling child pornography in Michigan. These are just 0:00:15.920 --> 0:00:19.680 some of the heinous migrant criminals caught because of President 0:00:19.720 --> 0:00:20.159 Donald J. 0:00:20.239 --> 0:00:21.200 Trump's leadership. 0:00:21.480 --> 0:00:25.079 I'm Christy nom the United States Secretary of Homeland Security. 0:00:25.440 --> 0:00:29.200 Under President Trump, attempted illegal border crossings are at the 0:00:29.240 --> 0:00:33.080 lowest levels ever recorded, and over one hundred thousand illegal 0:00:33.120 --> 0:00:36.920 aliens have been arrested. If you are here illegally, your 0:00:37.040 --> 0:00:41.160 next you will be fined nearly one thousand dollars a day, imprisoned, 0:00:41.479 --> 0:00:42.160 and deported. 0:00:42.600 --> 0:00:43.800 You will never return. 0:00:44.120 --> 0:00:47.120 But if you register using our CBP home app and 0:00:47.240 --> 0:00:50.120 leave now, you could be allowed to return legally. 0:00:50.479 --> 0:00:52.720 Do what's right. Leave now. 0:00:53.040 --> 0:00:57.840 Under President Trump, America's laws, border and families will be protected. 0:00:57.920 --> 0:01:00.440 Sponsored by the United States Department of Homeland Security is. 0:01:00.360 --> 0:01:04.839 A sixty forty portfolio dead going forward. So hey, let's 0:01:04.880 --> 0:01:08.639 just give some insight for what sixty portfolio sixty forty 0:01:08.640 --> 0:01:14.480 portfolio is that historically has been deemed as a pretty 0:01:15.440 --> 0:01:21.720 safe way to invest moderate portfolio which consists of sixty 0:01:21.760 --> 0:01:26.959 percent in equities which is stocks, and forty percent in bonds. 0:01:27.080 --> 0:01:29.520 So if you have one hundred thousand dollars, sixty thousand 0:01:29.560 --> 0:01:32.280 dollars will be in stock portfolio, forty thousand dollars will 0:01:32.280 --> 0:01:35.560 be in a bond portfolio. And it was now has 0:01:35.640 --> 0:01:38.319 been for a long period of time thought to be, 0:01:39.360 --> 0:01:42.240 you know, a moderate way to grow wealth over the 0:01:42.280 --> 0:01:45.319 course of time, not being too aggressive and not being 0:01:45.360 --> 0:01:49.520 too conservative either, kind of playing middle of the road. 0:01:49.920 --> 0:01:52.720 That is something that a lot of fall one ks have. 0:01:52.880 --> 0:01:56.000 If you look at like a moderate portfolio inside of 0:01:56.000 --> 0:01:58.840 a fall one K, it's usually probably a sixty to 0:01:58.880 --> 0:02:04.400 forty makeup as opposed to an aggressive portfolio, which is 0:02:04.400 --> 0:02:09.440 probably an eighty twenty makeup, or a conservative portfolio, which 0:02:09.440 --> 0:02:13.080 is probably a twenty eighty makeup. Right, So that's just 0:02:13.120 --> 0:02:15.760 some information if you're just wondering what that means. And 0:02:15.840 --> 0:02:17.400 I'm sure a lot of people have looked at their 0:02:17.400 --> 0:02:20.640 four one ks or five twenty nine plans or they've 0:02:20.639 --> 0:02:27.520 seen different modules where it's aggressive, moderately aggressive, moderate, modely conservative, 0:02:27.840 --> 0:02:31.280 and then conservative. Right, So now you have some kind 0:02:31.320 --> 0:02:36.840 of level of background understanding of what that means. So 0:02:36.840 --> 0:02:39.480 what are your thoughts on a sixty forty portfolio? Ian? 0:02:41.880 --> 0:02:44.400 I wouldn't say that as there, but I think one 0:02:44.440 --> 0:02:47.160 thing that we have to focus on. Please write this down. 0:02:47.800 --> 0:02:50.640 The price in which you buy the asset is more 0:02:50.680 --> 0:02:55.440 important than ever. So things that historically have worked incredibly well, 0:02:55.440 --> 0:02:56.640 like if you look at the boy market, you go 0:02:56.680 --> 0:03:00.160 to TOT that's a ticker. Like once we got to 0:03:00.960 --> 0:03:06.040 maybe one thirty two fifty seven. If I was a 0:03:06.080 --> 0:03:08.240 new client of that portfolio, that would be a time 0:03:08.280 --> 0:03:10.600 to stop buying bonds. Like the bonds of course shot 0:03:10.639 --> 0:03:14.600 up like crazy during twenty twenty fell apart. Of course 0:03:14.600 --> 0:03:16.280 we didn't expect to draw down. But that's why I 0:03:16.280 --> 0:03:18.920 always say, look at the historical numbers. If you go 0:03:18.960 --> 0:03:21.680 back to two thousand and four, the low is at 0:03:21.720 --> 0:03:23.919 eighty dollars and fifty one cent. It's currently at one 0:03:23.919 --> 0:03:26.280 of four to twenty six. I don't know if we'll 0:03:26.320 --> 0:03:29.840 go back that low, but once we almost have hit 0:03:29.919 --> 0:03:33.040 ninety percent eighty percent value in any asset, you can't 0:03:33.080 --> 0:03:38.640 buy it there. What COVID has proven the recession that 0:03:38.640 --> 0:03:41.120 we're in now that they want to announce. Is that 0:03:41.200 --> 0:03:44.760 discipline to write price, price action and technicals matter more 0:03:44.800 --> 0:03:47.920 than ever. Historically, of course, people thought like a sixty 0:03:47.920 --> 0:03:51.080 to forty portfolio would never lose, and then whenever you 0:03:51.120 --> 0:03:53.800 invest in something, all hell seems to break loose. You 0:03:53.920 --> 0:03:56.120 have to be mindful and watch for the prices in 0:03:56.160 --> 0:03:57.640 what you get in. And that's why I'm very particular 0:03:57.680 --> 0:04:00.400 about the prices I want to buy things, because has 0:04:00.440 --> 0:04:03.320 anyone ever bought a stock and everyone someone told you 0:04:03.320 --> 0:04:05.160 that it was amazing and then you bought it close 0:04:05.200 --> 0:04:09.280 to highs and then it fell thirty The price in 0:04:09.320 --> 0:04:12.800 which you acquire these assets are still important regardless. So 0:04:12.880 --> 0:04:18.279 whether it's the end that's fund bond, Apple, Microsoft, any equity, 0:04:18.400 --> 0:04:19.920 you have to buy it at the right price. So 0:04:19.960 --> 0:04:22.599 it's not there. But when we get into these it's 0:04:22.680 --> 0:04:24.000 really important. 0:04:23.760 --> 0:04:26.159 I guess, I mean, I guess. I'll ask you guys. 0:04:26.640 --> 0:04:28.080 And that's one of the things we used to talk about, 0:04:28.240 --> 0:04:30.680 is like being aggressive when you're young and obviously moreking 0:04:30.720 --> 0:04:34.200 service as you get older. So do you think does 0:04:34.200 --> 0:04:36.360 the ages of them inside of that sixty forty rule, right, Like, 0:04:36.440 --> 0:04:38.720 is that something that the thirty year old I guess 0:04:38.720 --> 0:04:41.560 the millennials should be looking at and saying, all right, 0:04:41.600 --> 0:04:43.200 this is a golden rule, this is a safe play 0:04:43.240 --> 0:04:43.839 at this age. 0:04:43.920 --> 0:04:45.480 Or should it be more aggressive? 0:04:46.080 --> 0:04:49.720 Yeah, well, first five thousand people on YouTube hit the 0:04:49.839 --> 0:04:55.240 like button. Extreme, that's extremely important to hit the to 0:04:55.320 --> 0:04:58.480 hit the like button. Let's let's start. Let's start there 0:04:58.640 --> 0:05:01.120 before we go any further. Let's you start there, hit 0:05:01.160 --> 0:05:05.160 the like button and share. Now. As far as age, 0:05:05.320 --> 0:05:07.960 of course, the rule of thumb is that you should 0:05:07.960 --> 0:05:11.520 be more aggressive when you're when you're younger, and more 0:05:11.520 --> 0:05:16.120 conservative when you get older. That's because you're going to 0:05:16.240 --> 0:05:18.520 have more time to make up. So like if you 0:05:18.600 --> 0:05:21.240 if you're invested in the stock market, now, obviously it 0:05:21.279 --> 0:05:23.400 was a bad year last year, and let's say your 0:05:23.440 --> 0:05:28.200 portfolio went down forty percent. Right, it's bad, but it's 0:05:28.200 --> 0:05:30.039 not the end of the world. If you're twenty five, 0:05:30.120 --> 0:05:32.159 you're thirty years old, you know it's not the end 0:05:32.200 --> 0:05:33.960 of the world. Right, You still got a long time 0:05:34.040 --> 0:05:38.159 to actually work and produce income. You still got a 0:05:38.200 --> 0:05:40.440 long time before you get to the retirement age. So 0:05:40.520 --> 0:05:42.880 you never want to lose money. But it's not like 0:05:42.920 --> 0:05:48.160 you're in a if you're seventy five now, the average 0:05:48.200 --> 0:05:50.560 life expectancy is what eighty two years old, right, So 0:05:50.600 --> 0:05:53.159 now you've got seven years to live. So if you 0:05:53.200 --> 0:05:57.000 lose half of your money at seventy five, now that's 0:05:57.000 --> 0:06:00.600 a crisis. Right now, you might have to go back 0:06:00.600 --> 0:06:04.960 to work and working at Walmart. So of course you 0:06:04.960 --> 0:06:08.440 should always be you should. You should each decade, right, 0:06:08.480 --> 0:06:12.120 you should reevaluate your portfolio and probably become a little 0:06:12.160 --> 0:06:15.240 bit more conservative. But another thing is that people are 0:06:15.279 --> 0:06:17.479 living a lot longer these days as well, So it's 0:06:17.520 --> 0:06:20.359 like traditionally it's like, okay, as soon as you retire, 0:06:20.880 --> 0:06:24.839 just become extremely conservative. But let's say you retire at sixty, 0:06:25.160 --> 0:06:27.119 you might live to eighty five. Now you've got another 0:06:27.200 --> 0:06:30.160 twenty five almost thirty years of life left, right, So 0:06:30.240 --> 0:06:33.920 you still have to have some i think stocks in 0:06:33.960 --> 0:06:38.120 your portfolio because you still want to beat inflation. So 0:06:38.360 --> 0:06:40.640 you just can't afford just to just ride it out. 0:06:40.680 --> 0:06:45.159 Because now with inflation and then when you're taking money 0:06:45.160 --> 0:06:47.440 from your account, the worst thing that you can do 0:06:47.680 --> 0:06:52.000 in a retirement account is outlive your money. 0:06:52.120 --> 0:06:52.640 Like you don't. 0:06:52.680 --> 0:06:55.480 You don't want to have to be in a situation 0:06:55.560 --> 0:06:59.599 where you have no more money left, right, Like you 0:06:59.640 --> 0:07:02.120 want your money to out You want your money. Write 0:07:02.160 --> 0:07:05.520 this down. You want your money to outlive you. You never 0:07:05.560 --> 0:07:09.080 want to outlive your money. That's the worst thing that 0:07:09.080 --> 0:07:11.520 could happen. If you saved your whole entire life and 0:07:11.560 --> 0:07:17.960 now you're eighty years old and you have twenty thousand left. Now, 0:07:18.600 --> 0:07:21.000 now you're in a tough spot. So the only way 0:07:21.040 --> 0:07:23.960 to really have that is to you have to figure 0:07:23.960 --> 0:07:26.040 out how much money you can afford to take out 0:07:26.160 --> 0:07:28.960 every year. Most people think it's around four to five 0:07:28.960 --> 0:07:34.160 percent of your actual portfolio. But you also have to 0:07:34.240 --> 0:07:37.960 be invested intelligently. And I think that that has to 0:07:38.000 --> 0:07:40.880 have some level of stocks. And now it doesn't have 0:07:40.920 --> 0:07:43.400 to be aggressive stocks, right, you just want to be 0:07:43.400 --> 0:07:45.200 talking about index fund is different things. You don't have 0:07:45.240 --> 0:07:47.680 to put all your money in Tesla, but you have 0:07:47.760 --> 0:07:52.000 to have some level of equity exposure. And we're talking 0:07:52.040 --> 0:07:54.560 about equities, that's another name for stocks. You have to 0:07:54.560 --> 0:07:58.480 have some level of stock exposure because your account still 0:07:58.480 --> 0:07:59.880 has to go up over the course of time. 0:08:01.280 --> 0:08:02.920 Also to it in a bond market. When a bond 0:08:02.920 --> 0:08:05.240 market is negative, it is usually a sign of a recession. 0:08:05.680 --> 0:08:07.800 If you look at two thousand and seven. The top 0:08:07.840 --> 0:08:10.360 of the market is ninety five dollars and twelve centfl 0:08:10.440 --> 0:08:13.400 to eighty one dollars and forty two cent two thousand 0:08:13.400 --> 0:08:16.200 and seven. Lights of the Crash. I'm looking at the 0:08:16.200 --> 0:08:19.800 ticker tot if your new to bonds, a price that 0:08:19.880 --> 0:08:21.960 I like is eighty eight dollars and eighty two cent 0:08:22.880 --> 0:08:28.120 for that particular asset, That would be a price I. 0:08:28.080 --> 0:08:28.560 Will listen to. 0:08:29.720 --> 0:08:31.960 This episode is brought to you by P and C Bank. 0:08:32.360 --> 0:08:35.120 A lot of people think podcasts about work are boring, 0:08:35.320 --> 0:08:39.199 and sure, they definitely can be, But understanding a professionals 0:08:39.240 --> 0:08:42.520 routine shows us how they achieve their success little by little, 0:08:42.880 --> 0:08:43.880 day after day. 0:08:44.880 --> 0:08:46.559 It's like banking with P and C Bank. 0:08:47.000 --> 0:08:49.800 It might seem boring to save, plan and make calculated 0:08:49.840 --> 0:08:52.960 decisions with your bank, but keeping your money boring is 0:08:52.960 --> 0:08:56.320 what helps you live or more happily fulfilled life. 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These are just 0:10:35.920 --> 0:10:39.679 some of the heinous migrant criminals caught because of President 0:10:39.720 --> 0:10:40.160 Donald J. 0:10:40.240 --> 0:10:42.679 Trump's leadership. I'm Christy Noman, the. 0:10:42.679 --> 0:10:47.280 United States Secretary of Homeland Security. Under President Trump, attempted 0:10:47.320 --> 0:10:51.000 illegal border crossings are at the lowest levels ever recorded, 0:10:51.320 --> 0:10:54.000 and over one hundred thousand illegal aliens. 0:10:53.559 --> 0:10:54.400 Have been arrested. 0:10:54.679 --> 0:10:58.200 If you are here illegally, your next you will be 0:10:58.280 --> 0:11:02.120 fined nearly one thousand dollars, imprisoned, and deported. 0:11:02.600 --> 0:11:03.800 You will never return. 0:11:04.120 --> 0:11:07.120 But if you register using our CBP home app and 0:11:07.240 --> 0:11:10.079 leave now, you could be allowed to return legally. 0:11:10.480 --> 0:11:12.680 Do what's right. Leave now. 0:11:13.040 --> 0:11:17.840 Under President Trump, America's laws, border and families will be protected. 0:11:17.920 --> 0:11:20.000 Sponsored by the United States Department of Homeland Security. 0:11:20.080 --> 0:11:22.520 To add it to my portfolio, and I'm going to 0:11:22.520 --> 0:11:25.680 truss it again. The price, so whether it's real estate, cars, 0:11:26.800 --> 0:11:30.160 multifamily businesses, the prices in which you choose to pay 0:11:30.200 --> 0:11:33.000 for the asset does have a tremendous effect because like 0:11:33.440 --> 0:11:36.679 if you got into bonds in twenty nineteen, let's say 0:11:36.760 --> 0:11:38.640 the top at one forty three, went to one seventy 0:11:38.679 --> 0:11:40.200 nine the next year, but it fell back to one 0:11:40.280 --> 0:11:42.800 oh four. So if your equities, your stocks are down, 0:11:42.880 --> 0:11:48.240 a your bond portfolios down, it's trouble. Only trust your 0:11:48.280 --> 0:11:50.320 own judgment. And I hope that I've given you guys 0:11:50.400 --> 0:11:53.200 enough resources to be able to do this assessment on 0:11:53.240 --> 0:11:57.120 your own. But most traditional portfolios don't work at scale 0:11:57.200 --> 0:12:01.760 for most people. Please be my dful. Only you are 0:12:01.800 --> 0:12:05.280 going to care about your money intently. And I've said 0:12:05.280 --> 0:12:07.319 this in twenty twenty twenty twenty one, when the market 0:12:07.360 --> 0:12:09.880 was falling apart that your advisor called you, for ninety 0:12:09.880 --> 0:12:13.160 five percent of people to answer was no, I. 0:12:13.080 --> 0:12:15.559 Think this gives context, right, So like that explanation shot 0:12:15.600 --> 0:12:17.280 just gave me what you just said. It gives context 0:12:17.480 --> 0:12:20.000 because you can tell people to invest early and invest often, 0:12:20.320 --> 0:12:22.800 But if there's no context around it, it doesn't you 0:12:22.800 --> 0:12:24.880 don't really grasp it. And like when you explain it 0:12:24.920 --> 0:12:26.600 in that term, like yo, you can be aggressive because 0:12:26.600 --> 0:12:28.400 like if you do this right in the ten year span, 0:12:28.520 --> 0:12:30.360 Let's say you start at twenty one and there are 0:12:30.400 --> 0:12:32.000 some off years like you might have had last year, 0:12:32.200 --> 0:12:34.439 but let's say in the next seven years, the appreciation 0:12:34.520 --> 0:12:36.760 that you've been on your portfolio grows by like fifty 0:12:36.800 --> 0:12:40.840 sixty percent, and you have average seven percent up into 0:12:40.840 --> 0:12:44.080 your fifties. You're pretty well off, right, So like invest early, 0:12:44.120 --> 0:12:46.320 invest often, And this is the reason why as you 0:12:46.360 --> 0:12:47.760 go get a little bit older, like you said, re 0:12:47.840 --> 0:12:50.520 evaluate every decade and say, all right, well now I 0:12:50.559 --> 0:12:52.439 can get a little bit more conservative. Right, We've had 0:12:52.440 --> 0:12:54.560 these these great gains, Let's get a little bit more 0:12:54.600 --> 0:12:56.199 conservative because we're getting older. 0:12:57.360 --> 0:12:59.560 Two Tech two index, no stress. Would you'd rather have 0:12:59.640 --> 0:13:04.200 Lebron James or Jeremy Lynn. Jeremy Lynn went crazy for 0:13:04.280 --> 0:13:08.080 that one thirty five game stretch that like, whenever a 0:13:08.120 --> 0:13:10.800 company is producing returns like forty fifty percent, the drawdown 0:13:10.920 --> 0:13:13.200 is usually equal. I would rather have a company that 0:13:13.240 --> 0:13:16.240 gives me fifteen to twenty percent. Slow and steady. I 0:13:16.320 --> 0:13:19.160 know it's boring, but it's safe. Even if you look 0:13:19.200 --> 0:13:23.520 at Apple, Apple hired less in twenty twenty. Then Google 0:13:23.960 --> 0:13:27.640 Meta a lot of detective competitors and as a result 0:13:27.640 --> 0:13:29.679 they have to lay off less people like I want 0:13:29.920 --> 0:13:33.760 slow and steady that will win the race. And we 0:13:33.800 --> 0:13:36.480 saw last night in the game with mahomes like the 0:13:36.559 --> 0:13:38.560 second half that came out, they adjusted and they just 0:13:38.640 --> 0:13:42.640 slowly chipped away at the Eagles defense. Damn I was wrong. 0:13:42.679 --> 0:13:44.480 I mean I was right on the differential one to score. 0:13:44.520 --> 0:13:48.360 But you just have to slowly chip away at these 0:13:48.480 --> 0:13:50.480 victories and then put in more shares. So like you 0:13:50.520 --> 0:13:53.440 want to ultimately get to a place one hundred shares 0:13:53.520 --> 0:13:55.680 than a thousand and ten thousand is a ultimate goal 0:13:55.679 --> 0:13:58.520 that you want to have a freedom, but slow and 0:13:58.520 --> 0:13:59.679 study will always win the race. 0:14:00.160 --> 0:14:01.400 And shout out to Jeremy Lynn. 0:14:01.520 --> 0:14:04.040 I know we said, like Jermy Lynch's actually a legend. 0:14:04.520 --> 0:14:06.280 I mean because we just sat down with an entrepreneur. 0:14:06.440 --> 0:14:06.960 He's elected. 0:14:07.160 --> 0:14:09.880 Business was spawned because of Jeremy lyn. 0:14:09.920 --> 0:14:12.160 What Jeremy Lynn did, I'd never in life ever saw 0:14:12.200 --> 0:14:14.800 anything like this in history, and you couldn't have expected it. 0:14:14.960 --> 0:14:16.600 He was on Time magazine cover. 0:14:16.920 --> 0:14:19.880 Yes, I mean he was playing for his life. 0:14:19.920 --> 0:14:22.040 That's the other part too, like when you watch the 0:14:22.120 --> 0:14:24.800 doc and he's about to get waived, so to come 0:14:24.840 --> 0:14:26.840 out and perform, like it's a great lesson of like 0:14:26.920 --> 0:14:28.000 will you show up and perform? 0:14:29.200 --> 0:14:30.720 If he was in New York City, you understand what 0:14:30.800 --> 0:14:33.320 doing sanity man? That was a real thing. Shout out 0:14:33.320 --> 0:14:33.560 to him. 0:14:33.840 --> 0:14:39.880 Yeah, shout out to Lynn Sanity. Somebody said, what do 0:14:39.960 --> 0:14:43.320 you think about fixed index annuities? 0:14:46.520 --> 0:14:48.400 It depends on your age, how much capital you have 0:14:48.520 --> 0:14:50.600 in it, and the rate of return you're looking for. 0:14:51.200 --> 0:14:54.040 So if you're looking at it for safety, sure, absolutely, 0:14:54.080 --> 0:14:57.000 Like if you're older, absolutely, And of course, like once 0:14:57.040 --> 0:14:59.960 you get past like forty or at fifty, you're looking 0:15:00.080 --> 0:15:03.320 for safe investments anyway, because imagine like if between twenty 0:15:04.160 --> 0:15:06.360 your portfolio is bleeding down thirty forty percent, and I 0:15:06.440 --> 0:15:08.360 know some people that happened to in O eight, like 0:15:08.440 --> 0:15:11.320 they drew down or their portfolio dropped thirty percent as 0:15:11.360 --> 0:15:14.960 they were going into retirement. You want safety as you're 0:15:15.040 --> 0:15:18.280 beginning to like exit and going to retirement. You don't 0:15:18.320 --> 0:15:22.880 want all of your capital being destroyed. But because of 0:15:22.920 --> 0:15:26.840 the economic calamity, so please please please be mindful another 0:15:27.360 --> 0:15:30.120 once again, the most important indicator in the market is 0:15:30.200 --> 0:15:33.440 quantitative easy. So whenever the Fed begins to tell you 0:15:33.520 --> 0:15:36.000 we're going to raise rates or recession is going to come, 0:15:36.640 --> 0:15:38.640 that's when you need to start to mark off how 0:15:38.720 --> 0:15:41.640 much capital you're going to need into retirement. There's always 0:15:41.680 --> 0:15:44.760 signals when a recession is going to come. I always say, 0:15:45.720 --> 0:15:48.400 if you turn on CNBC and everyone looks frightening, it's 0:15:48.520 --> 0:15:52.520 really bad. Everyone right now looks terrified. Shout out to Frank. 0:15:52.560 --> 0:15:54.280 Frank's the only one. Put a smile on the space. 0:15:54.720 --> 0:16:00.120 Everyone else looks terrified. Protect yourself at all costs, And 0:16:00.720 --> 0:16:02.400 I hope I've been able to help you guys somewhat. 0:16:02.840 --> 0:16:04.200 I navigate this crazy market. 0:16:04.240 --> 0:16:05.840 If I made your money, please put yes. 0:16:06.400 --> 0:16:07.000 And check. 0:16:08.880 --> 0:16:17.240 Yes. So a few things here one before we leave 0:16:17.320 --> 0:16:20.440 this talking point, because this is important people to understand 0:16:20.480 --> 0:16:23.600 as well. When I was advisor, I really fully understood 0:16:23.640 --> 0:16:26.920 this that when you take money out, you never want 0:16:26.960 --> 0:16:29.440 to withdraw from a stock account in a down year 0:16:30.120 --> 0:16:33.280 because then you magnify your losses, you double your losses. 0:16:33.360 --> 0:16:35.920 So it's like, if you can. This is why it's 0:16:35.920 --> 0:16:41.280 important to have multiple streams of income, but also multiple 0:16:41.400 --> 0:16:45.840 investment accounts. Some investment accounts are fixed, some investment accounts 0:16:45.880 --> 0:16:48.800 are variable, which means is going to vary depending on 0:16:48.840 --> 0:16:51.000 the market. But the worst thing that you can do 0:16:51.160 --> 0:16:54.080 is take money from a stock account when the account 0:16:54.200 --> 0:16:58.920 is down, because like one hundred dollars, right, if one 0:16:58.960 --> 0:17:04.159 hundred dollars goes to that's a fifty percent loss. But 0:17:04.440 --> 0:17:06.280 for fifty dollars to get back to one hundred, it 0:17:06.359 --> 0:17:09.840 has to have one hundred percent increase. This now, this 0:17:10.040 --> 0:17:14.520 is where math is actually important. So understanding understanding the 0:17:14.600 --> 0:17:19.199 math on that you know that defense is better than offense. Right, 0:17:19.600 --> 0:17:23.359 defense is better than offense. So if you're if you 0:17:23.440 --> 0:17:26.480 go from one hundred to seventy five, well that's bad. 0:17:26.640 --> 0:17:29.960 But then if you take twenty five dollars out, now 0:17:30.520 --> 0:17:32.879 you're compounding your loss even more. So now you gotta 0:17:33.160 --> 0:17:35.679 instead of the seventy five going back to one hundred, 0:17:36.119 --> 0:17:37.760 now you got to go from fifty to one hundred. 0:17:38.040 --> 0:17:40.239 So you're making it extremely harder on your on your 0:17:40.320 --> 0:17:44.000 portfolio when you take money out during a down market. 0:17:44.200 --> 0:17:46.359 This is extremely important to keep in mind, especially for 0:17:46.440 --> 0:17:49.520 people that are in retirement. But if you don't have 0:17:49.640 --> 0:17:52.600 any other options to take money from, you, you have 0:17:52.680 --> 0:17:55.600 no choice but to take it from your retirement account 0:17:55.640 --> 0:17:58.920 when it's down. So that's important to keep a mind. 0:17:59.160 --> 0:18:01.480 And we saw that in real life right with people 0:18:01.520 --> 0:18:03.480 invested in Tesla. Last year it was at three sixty, 0:18:03.560 --> 0:18:05.960 it dropped down to one twelve. Yeah, it got up 0:18:06.000 --> 0:18:08.320 to one hundred percent, but you're not. You haven't recovered 0:18:08.320 --> 0:18:10.920 from the losses that you had from the decline. And 0:18:11.000 --> 0:18:12.600 so this is this is this is why you gotta 0:18:13.160 --> 0:18:17.600 Ian said when you buy is vitally important, and so 0:18:17.760 --> 0:18:20.800 it's good to understand that and again give contacts right 0:18:20.920 --> 0:18:24.040 that the percentages on the way up are great, but 0:18:24.119 --> 0:18:26.040 the ones on the way down you have to account for. 0:18:26.880 --> 0:18:27.480 Yeah, you do. 0:18:29.680 --> 0:18:34.280 My graduates from my school being forced back drop b 0:18:34.640 --> 0:18:37.920 drop Mike drop back drop drop. 0:18:48.240 --> 0:18:51.880 An illegal alien from Guatemala charged with raping a child 0:18:51.960 --> 0:18:55.720 in Massachusetts. An MS thirteen gang member from l Salvador 0:18:56.000 --> 0:19:00.159 accused of murdering a Texas man of Venezuelan charged with 0:19:00.240 --> 0:19:04.080 filming and selling child pornography in Michigan. 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