1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. 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No, if the market 38 00:02:09,400 --> 00:02:12,640 Speaker 4: drops in August and September, we're going to buy in 39 00:02:12,720 --> 00:02:16,239 Speaker 4: August and September. Wisht I guess well on the months 40 00:02:16,280 --> 00:02:18,320 Speaker 4: when it's up in April and January, what we're gonna do. 41 00:02:18,440 --> 00:02:21,320 Speaker 4: We're going to buy in April and January. We're going 42 00:02:21,360 --> 00:02:23,400 Speaker 4: to put in chat. We're going to buy every month. 43 00:02:24,600 --> 00:02:27,080 Speaker 4: We are going to buy every single month. Now if 44 00:02:27,120 --> 00:02:29,760 Speaker 4: we have a dip, which we had a little bit 45 00:02:29,800 --> 00:02:32,239 Speaker 4: of a pullback. Some people were worried about bitcoin. You 46 00:02:32,280 --> 00:02:36,720 Speaker 4: shouldn't be. But the biggest lesson is to be able 47 00:02:36,760 --> 00:02:39,560 Speaker 4: to buy a certain amount of shares every month, regardless 48 00:02:39,560 --> 00:02:43,560 Speaker 4: of what the market is doing. That includes crypto. We're 49 00:02:43,639 --> 00:02:46,400 Speaker 4: hovering at like the one hundred and nine and some change. 50 00:02:46,440 --> 00:02:49,839 Speaker 4: We should hit one oh seven or one oh six 51 00:02:49,919 --> 00:02:52,800 Speaker 4: on bitcoin. But the key is to buy every month. 52 00:02:52,960 --> 00:02:57,280 Speaker 4: And also the ratio of execution of buying is more 53 00:02:57,320 --> 00:02:59,840 Speaker 4: important than the ratio of information that you take in. 54 00:03:01,000 --> 00:03:03,040 Speaker 4: It's great to know all the information in the world, 55 00:03:03,240 --> 00:03:05,760 Speaker 4: but some of the people I've seen have the biggest 56 00:03:05,800 --> 00:03:09,560 Speaker 4: returns and the most amount of shares. They just buy 57 00:03:09,600 --> 00:03:11,480 Speaker 4: and don't look at all the information to say, Okay, 58 00:03:11,520 --> 00:03:13,160 Speaker 4: I know these are the four I'm going to invest in. 59 00:03:13,639 --> 00:03:17,320 Speaker 4: Like I was talking earlier, if you're in media, Microsoft 60 00:03:17,560 --> 00:03:20,160 Speaker 4: and video, Netflix. 61 00:03:20,040 --> 00:03:21,880 Speaker 3: Google, are the only four you needed? 62 00:03:21,919 --> 00:03:22,239 Speaker 2: Media? 63 00:03:22,840 --> 00:03:26,680 Speaker 4: Well, what about paramount extra plus out of the equation? 64 00:03:26,800 --> 00:03:30,440 Speaker 4: Disney love Disney the corporation shout to everybody on an 65 00:03:30,480 --> 00:03:32,679 Speaker 4: executive for YadA YadA, But those. 66 00:03:32,480 --> 00:03:33,160 Speaker 3: Are the Big four. 67 00:03:34,400 --> 00:03:36,640 Speaker 4: Make it simple by every month, and if we have 68 00:03:36,720 --> 00:03:39,760 Speaker 4: a great pullback in September, it's your time to execu. 69 00:03:40,440 --> 00:03:43,040 Speaker 1: Yeah, I figured you was going to go that route. 70 00:03:43,040 --> 00:03:45,280 Speaker 1: I had buy, but I switched minds up. I put 71 00:03:45,840 --> 00:03:49,680 Speaker 1: have reserves, right, so make sure I know people invest 72 00:03:49,680 --> 00:03:51,240 Speaker 1: in every month, but make sure you have money to 73 00:03:51,320 --> 00:03:51,720 Speaker 1: invest in. 74 00:03:51,720 --> 00:03:53,440 Speaker 2: And so having reserve is important. 75 00:03:53,640 --> 00:03:55,520 Speaker 1: We talked about the interest rates, and we'll know about 76 00:03:55,520 --> 00:03:57,800 Speaker 1: that in the next couple of weeks in this month, 77 00:03:57,800 --> 00:03:59,640 Speaker 1: but I think something that gets looked over, especially in 78 00:03:59,680 --> 00:04:02,520 Speaker 1: the future market, definitely in the options market, is quadruple witching, 79 00:04:02,920 --> 00:04:05,240 Speaker 1: which is going to happen this month. So it happens 80 00:04:05,280 --> 00:04:08,840 Speaker 1: in the third month of each quarter, the third week, 81 00:04:09,360 --> 00:04:10,920 Speaker 1: so September nineteen circle. 82 00:04:10,760 --> 00:04:11,560 Speaker 2: That on your calendars. 83 00:04:12,000 --> 00:04:15,440 Speaker 1: On your calendars, that is an expiration date where all 84 00:04:15,520 --> 00:04:19,080 Speaker 1: simultaneously will expire. So the options markets will have expiration 85 00:04:19,200 --> 00:04:23,360 Speaker 1: dates on that date, futures markets, etf indexes, they all 86 00:04:23,360 --> 00:04:25,600 Speaker 1: have it around that time. And what you'll see is 87 00:04:25,640 --> 00:04:28,920 Speaker 1: people will sell to take profits, all right, So you're 88 00:04:28,920 --> 00:04:32,760 Speaker 1: going to see sometimes a down trend or a nice correction. 89 00:04:32,839 --> 00:04:34,080 Speaker 2: I'll pull back around that time. 90 00:04:34,560 --> 00:04:36,440 Speaker 1: But that's all part of the game, right, You're in 91 00:04:36,440 --> 00:04:38,560 Speaker 1: this to make money, and so when people make money 92 00:04:38,600 --> 00:04:41,080 Speaker 1: and they take profits, this is what happens. And so 93 00:04:41,200 --> 00:04:43,560 Speaker 1: circle that date September nineteenth. Around that week you might 94 00:04:43,560 --> 00:04:47,120 Speaker 1: see some volatility and that will happen at the same 95 00:04:47,160 --> 00:04:51,680 Speaker 1: time presumably when we'll know about the interest rate hike 96 00:04:51,920 --> 00:04:53,800 Speaker 1: or you know, maybe not a hike. 97 00:04:54,279 --> 00:04:55,880 Speaker 2: So it should be an interesting time. There will be 98 00:04:55,920 --> 00:04:56,839 Speaker 2: some volatility here. 99 00:04:56,839 --> 00:04:59,479 Speaker 1: But have some reserves in the event either way, because 100 00:04:59,520 --> 00:05:01,680 Speaker 1: like you said, you want to make sure that you're 101 00:05:01,720 --> 00:05:04,000 Speaker 1: getting at the right price, which is why you're inside 102 00:05:04,000 --> 00:05:06,320 Speaker 1: of stock club. But you want to make sure that 103 00:05:06,560 --> 00:05:08,400 Speaker 1: you're getting it for the long term, and so you 104 00:05:08,440 --> 00:05:11,040 Speaker 1: can get some really generational prices and keep them for 105 00:05:11,080 --> 00:05:11,640 Speaker 1: the long term. 106 00:05:11,680 --> 00:05:13,800 Speaker 2: So have reserves. That would be my two words. 107 00:05:15,080 --> 00:05:17,719 Speaker 4: Yeah, Spy gets back to six thirty eight forty five, 108 00:05:18,560 --> 00:05:21,440 Speaker 4: I said area I would like to potentially enter. And 109 00:05:21,480 --> 00:05:24,240 Speaker 4: then also with quiet which and coming up, you want 110 00:05:24,240 --> 00:05:26,359 Speaker 4: to be out three or four days before the expiration. 111 00:05:26,480 --> 00:05:29,320 Speaker 3: You don't want to hold them into that actual date. 112 00:05:29,800 --> 00:05:32,760 Speaker 4: And I know sometimes it can be fearful to hold 113 00:05:32,800 --> 00:05:35,159 Speaker 4: for a long period of time. But when everyone says 114 00:05:35,240 --> 00:05:38,400 Speaker 4: I want to buy the dip from a mathematical standpoint, 115 00:05:38,560 --> 00:05:42,160 Speaker 4: September in August will give you those entries. If you're 116 00:05:42,160 --> 00:05:45,400 Speaker 4: looking to hold for a long term five years, like 117 00:05:45,560 --> 00:05:49,120 Speaker 4: you won't even remember any draw downs or pullbacks that 118 00:05:49,200 --> 00:05:51,240 Speaker 4: you have. But September is a definitely a great time, 119 00:05:51,640 --> 00:05:56,480 Speaker 4: especially going into the fourth quarter and into the Christmas rally. Yeah, 120 00:05:56,520 --> 00:05:58,880 Speaker 4: and into January, you're going to be okay, hold for 121 00:05:58,920 --> 00:05:59,640 Speaker 4: the long term. 122 00:06:00,040 --> 00:06:02,240 Speaker 1: So anybody that's been with us and watching some of 123 00:06:02,320 --> 00:06:05,080 Speaker 1: these contracts, tomorrow, I would have did it today if 124 00:06:05,080 --> 00:06:06,960 Speaker 1: the market was open, But tomorrow I'm gonna have to 125 00:06:07,279 --> 00:06:09,960 Speaker 1: exercise some of these contracts. I'm probably not going to 126 00:06:10,160 --> 00:06:13,719 Speaker 1: exercise them to add more shares. We'll probably take capital 127 00:06:13,760 --> 00:06:16,320 Speaker 1: and reinvests. So either we're going to do that, you know, 128 00:06:16,360 --> 00:06:18,800 Speaker 1: we're doing something special fo VPS. I'm actually going to 129 00:06:18,880 --> 00:06:21,080 Speaker 1: probably show that during the class so people can see 130 00:06:21,080 --> 00:06:23,080 Speaker 1: what it looks like to sell an options contract. 131 00:06:23,120 --> 00:06:26,760 Speaker 5: An illegal alien from Guatemala charged with raping a child 132 00:06:26,800 --> 00:06:30,600 Speaker 5: in Massachusetts. An MS thirteen gang member from El Salvador 133 00:06:30,839 --> 00:06:34,960 Speaker 5: accused of murdering a Texas man of Venezuelan charged with 134 00:06:35,040 --> 00:06:38,919 Speaker 5: filming and selling child pornography in Michigan. These are just 135 00:06:39,040 --> 00:06:42,799 Speaker 5: some of the heinous migrant criminals caught because of President 136 00:06:42,839 --> 00:06:44,280 Speaker 5: Donald J. 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