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Speaker 1: All right, let's start off with Mary.

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Speaker 2: I meet yourself. Please, we are coming to you. Hi. Everyone.

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Speaker 3: I'm well, so I'm gonna make it quick. I literally

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Speaker 3: bought Amazon. You guys are gonna laugh at me. I'm

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Speaker 3: giving away my age on sharebuilder.

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Speaker 1: Okay. Back in.

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Speaker 3: Okay, my roommate and I we're in our dorm rooms

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Speaker 3: and we're like, oh, you know, goofballing, and we did it.

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Speaker 1: So I'm good right now.

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Speaker 3: I want to get into the whole bitcoin, but I'm

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Speaker 3: not as confident as far as what I've done with

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Speaker 3: the stocks. And you know, I'm sitting here and I

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Speaker 3: said to myself, all right, I'm going to do it.

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Speaker 3: Do I do six hundred? Do I do twelve hundred?

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Speaker 3: Because I feel that's nice and you know, cautious, safe amount.

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Speaker 3: And I'm looking at the bindance as the way to go,

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Speaker 3: and I'm just trying to figure out am I perceiving

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Speaker 3: that correctly?

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Speaker 1: Or should I just all back?

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Speaker 4: And before I gotta give you praise? What year did

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Speaker 4: you buy Amazon?

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Speaker 1: Ninety nine?

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Speaker 3: That's why I'm laughing these days, like people have no idea, Wow,

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Speaker 3: I'm good.

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Speaker 4: What percentage are you up? And tell them how important?

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Speaker 4: Long term investment is please.

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Speaker 3: You just got to chill, Like seriously, it was a

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Speaker 3: joke for us in college, Like my roommate I Asian

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Speaker 3: guy moved off campus. Are like, let's try it out

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Speaker 3: and see what's you know, what's going to happen? We

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Speaker 3: lose what twenty five dollars and we just wrapped up

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Speaker 3: because it was like something like nineteen and change, if

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Speaker 3: I remember correctly, nineteen We just we.

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Speaker 1: Just wrapped up.

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Speaker 4: You don't need bitcoin, you got bitcoin gainst from Amazon.

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Speaker 3: I do, but I just I don't want to you know,

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Speaker 3: I don't want to sleep. I've got two kids and

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Speaker 3: I just want to make sure they're could you.

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Speaker 4: Know binancer is a good option. I probably wouldn't touch

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Speaker 4: it till it goes to forty six fifty six though

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Speaker 4: it's too high. Okay, I will wait, but we need

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Speaker 4: to get you. Can we Jennet get her information. I

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Speaker 4: need to send you an award plaque for those who

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Speaker 4: don't know show Builder go Google. I know, yeah, you

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Speaker 4: are a seasoned veteran, but what are you comfortable saying?

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Speaker 4: What percentage you're up in Amazon all time?

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Speaker 1: Let's just have to you know, I'm gonna put myself up.

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Speaker 1: I'm good. The kids are good. My kids kids are good.

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Speaker 3: We're good, and I just, you know, I just want

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Speaker 3: to be knowledgeable because you know, I come from the

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Speaker 3: family of Nigerian and it's putting money in the bank.

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Speaker 3: So we weren't taught making money work for you. So

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Speaker 3: I'm coming out there, you know, making this money work

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Speaker 3: for me. And when I showed my parents like buying houses,

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Speaker 3: you know, I'm in Connecticut buying house is two three

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Speaker 3: hundred thousand cash, no mortgages, and just again lend it

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Speaker 3: work for itself.

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Speaker 1: You know.

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Speaker 2: Thank you.

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Speaker 4: You are literally the message I've been preaching forever that.

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Speaker 1: Free we don't now, We just we don't know.

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Speaker 3: And it's unfortunate because as the black people, we don't

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Speaker 3: know what we don't know, so we are our own

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Speaker 3: worst enemy in a sense.

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Speaker 5: Mary, you were saying six hundred, twelve hundred As far

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Speaker 5: as what is that much coins you want to buy?

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Speaker 4: What are we talking?

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Speaker 3: The funny I wanted to put towards it like I'm

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Speaker 3: I'm definitely you know, I feel like I feel confident

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Speaker 3: in my stocks, but again with bitcoins, I'm still trying

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Speaker 3: to learn it. So twelve hundred is it's I don't

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Speaker 3: want to say trump change.

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Speaker 6: But two hundred dollars not two hundred coins. I'm like,

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Speaker 6: wait our valad doorboards seven hundred Bitcoin's like she's not

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Speaker 6: buy never one hundred.

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Speaker 4: Said she's good, So like we never know, we never know.

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Speaker 4: Shout no, you definitely know, bro, Yeah to twelve hundred

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Speaker 4: is a good investment holder. For three or four years.

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Speaker 4: We will be related treated the same way as any

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Speaker 4: top ten company on nastac. It moves the same rate

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Speaker 4: of speed to volatility is almost equivalent. You'll be good.

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Speaker 3: So my money guy's talking me out of it, and

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Speaker 3: he's like, no, you're fine right now, Like, well why not, no, no, no, rebe.

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Speaker 4: Twelve hundred won't hurt your lifestyle, And that's that's what

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Speaker 4: I said.

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Speaker 3: And I'm a very like I'll split a penny four ways,

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Speaker 3: you know.

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Speaker 4: Yeah, you're good for sure, Yeah, I al way for

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Speaker 4: the forty thousand market, you'll be good. But I have

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Speaker 4: to get you to work. Thank you for apprecing this,

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Speaker 4: and especially for a woman. Can you tell the women

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Speaker 4: how important it is and how much better it's made

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Speaker 4: your life by.

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Speaker 3: Investment ladies, sisters, I can't even I'm gonna make you,

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Speaker 3: guys sad for a moment, but I think I really

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Speaker 3: need to put it out there.

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Speaker 1: My husband passed.

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Speaker 3: Away one year ago, battling new gags disease and his passing.

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Speaker 3: We're okay, and even before that, I was okay as

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Speaker 3: a female, and I think we are so still stuck

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Speaker 3: in this momentum of you need a partner, you know,

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Speaker 3: because money is about men and it's really not that.

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Speaker 1: You know, you have to be able to stand.

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Speaker 3: On your own, and there's nothing wrong with standing on

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Speaker 3: your own and knowing what money is, understanding how it works,

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Speaker 3: what is it, what is the value of it. You

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Speaker 3: don't have to wear it, but know it, understand it,

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Speaker 3: make it work for you.

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Speaker 2: That's incredible.

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Speaker 4: I want to meet Mary.

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Speaker 1: Yeah, we have to.

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Speaker 4: There's something about Mary. We got to meet her. Oh

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Speaker 4: my god, Yeah we got We've got to get here

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Speaker 4: to Houston.

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Speaker 5: Look of this out. Yes, yes, Yes to you and

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Speaker 5: the family.

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Speaker 1: Thank you, thank you, Thank you for the info.

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Speaker 4: Guys.

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Speaker 1: I'm definitely gonna lean that way.

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Speaker 4: Thank you, Mary, thank you.

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Speaker 6: I appreciate it.

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Speaker 4: Since ninety nine, Like, let's take a moment and let

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Speaker 4: that breathe. I was looking at the chart, Blake. So

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Speaker 4: everybody put in chat long term and that's is the way.

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Speaker 4: There's no trader that has on paper and with real

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Speaker 4: money that is outperformed. That number of return long term

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Speaker 4: is a way. Go ahead.

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Speaker 2: All right, let's go to another lady here, Denise.

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Speaker 7: So please, oh Denise, No, it's been so long since

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Speaker 7: it's been a Frisbrank YouTube.

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Speaker 4: Let's get back to eight thousand. What was going on?

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Speaker 5: They was talking crazy about you, but I was just saying, She's, well.

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Speaker 8: Hey, guys, I'm happy to be on here to talk

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Speaker 8: to you guys tonight. I have a quick question about

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Speaker 8: I just recently stopped working, So I have a four

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Speaker 8: oh one K that's like two hundred and fifty thousand,

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Speaker 8: and I'm a little bit afraid of like what's going

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Speaker 8: to happen with the market coming with the recession, so

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Speaker 8: I know I need to switch it over to an IRA.

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Speaker 8: I also have some stocks, so I'm just kind of

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Speaker 8: in that mode of not really knowing what to allocate

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Speaker 8: everything in.

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Speaker 6: So first, yeah, as far as the question of rolling

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Speaker 6: over to the IRA, it's definitely always a good I'll

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Speaker 6: just start off with this is the reason why it's

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Speaker 6: a good idea to roll over a four one K

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Speaker 6: into an IRA. Is that when you leave your job,

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Speaker 6: your full one K is kind of frozen in the

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Speaker 6: sense is not frozen where it's not growing, it's still

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Speaker 6: growing whatever however it's invested, but it's frozen. Whereas you

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Speaker 6: can't add money to it, you're kind of stuck. You're

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Speaker 6: stuck with the investment options that are provided for you

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Speaker 6: by the four one K. So full one K usually

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Speaker 6: has like a menu of like let's say ten or

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Speaker 6: twelve different investment options that you get to pick and

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Speaker 6: choose from. Like let's say Fidelity manages the fund, they'll

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Speaker 6: give you like fifteen different options to choose from. So

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Speaker 6: you can't just invest in anything you want. You have

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Speaker 6: to invest in what is given to you in the

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Speaker 6: four one K. You really can't get investment advice on it,

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Speaker 6: like legally, if you call a one one hundred number,

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Speaker 6: they can't actually like give you advice over the phone.

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Speaker 6: Most of the time people don't have a relationship with

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Speaker 6: the advisor that have done that did their full when

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Speaker 6: K when they're no longer with the job. You can't

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Speaker 6: borrow from it when you're no longer working, So there's

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Speaker 6: not really a lot of advantages of keeping an old

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Speaker 6: fall one k at the fall one k. So that's

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Speaker 6: that's the reason why you roll into an IRA, because

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Speaker 6: now when you roll into an IRA, you can invest

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Speaker 6: in anything that you want. You can put money into

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Speaker 6: the IRA over the course of time. It serves as

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Speaker 6: a central hub. So if you have a couple of

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Speaker 6: old fall one k's, it kind of gets hard to manage,

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Speaker 6: so you can roll it all into one central IRA.

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Speaker 6: So these are all the benefits of actually doing the IRA,

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Speaker 6: first and foremost. Second of all, I believe she said

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Speaker 6: what to invest in?

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Speaker 2: Right?

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Speaker 4: Was that a question part of it? What's talk to you?

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Speaker 6: So with the retirement you know you said you want

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Speaker 6: you interested in what to invest in the four one k?

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Speaker 5: Right?

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Speaker 1: Correct?

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Speaker 4: Yeah, So with the.

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Speaker 6: Retirement account, you know, me personally, I like to be

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Speaker 6: a little bit more conservative.

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Speaker 6: I wouldn't necessarily take a lot of risk from my

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Speaker 6: retirement account. So we talk about, you know, a lot

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Speaker 6: of great ETFs. You know, Ian always talks about v

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Speaker 6: oo vt i QQQ is one one of my personal

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Speaker 6: favorite ones. You know, you have the xlks of the

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Speaker 6: world spy, which is the S and P five hundred.

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Speaker 6: So you know, I would go more on the index

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Speaker 6: ETF route. I feel like that'll be something that you

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Speaker 6: can sleep wealth at night knowing that you're investing in

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Speaker 6: you know, twenty of the top companies in the world,

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Speaker 6: and you know, not necessarily putting it in one company

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Speaker 6: and with the IRA. Also, it's important to keep in

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Speaker 6: mind that it's also a long term play even when

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Speaker 6: you're in retirement. Retirement is just the beginning part of it.

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Speaker 6: So it's like most people. You know, it's crazy because

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Speaker 6: you talk about Mount Everest, and most people die on

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Speaker 6: Mount Everest coming down the mountain, not coming up the mountain.

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Speaker 6: Reason being is that everybody has a plan getting up

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Speaker 6: the mountain, but nobody ever really.

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Speaker 4: Considers how they're going to get down the mountain.

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Speaker 6: So retirement is the same way I look at it

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Speaker 6: like the day you retire, it's like the top of

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Speaker 6: the mountain, but that's only half the battle. Now you

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Speaker 6: actually have to get down. So you know, you could

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Speaker 6: live another twenty thirty years in retirement. So the money

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Speaker 6: still has to actually work for you. You just can't have

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Speaker 6: it in a conservative bond account when you retire because

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Speaker 6: you know, when you're taking money out, if it's not

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Speaker 6: growing and you're taking too much money out, what's going

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Speaker 6: to happen over the court of time is that you're

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Speaker 6: going to actually run out of money. So that's why

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Speaker 6: you still want to be invested in the stock market

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Speaker 6: at all times at some level of exposure. Now you

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Speaker 6: might you know, peel it back as you get you know, older,

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Speaker 6: but all of those different funds that we just talked

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Speaker 6: about b O, O, QQQ, sp Y, they all give

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Speaker 6: you exposure to the stocks and you know it'll still

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Speaker 6: have time to grow over the course of time. Even

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Speaker 6: if it's out of all time high right now, ten

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Speaker 6: years from now is not, it's going to be higher.

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Speaker 6: Odds are the stock market is going to be higher

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Speaker 6: than it is now.

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Speaker 4: I want to say stop quantitative reason, which is very

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Speaker 4: well what individual stocks are you in, curly? What stocks

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Speaker 4: are you in currently?

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Speaker 2: Oh? I have like twenty nine different stocks.

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Speaker 8: I don't know if you guys here, Yeah, yeah, Roku was.

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Speaker 2: One of them. Td OC to the third bank fc

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Speaker 2: am I breaking up?

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Speaker 4: No, we're here. So you said you were in Teledoc, Yeah.

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Speaker 2: Tele Doc, which I know I should have exited, but

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Speaker 2: I just was.

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Speaker 8: Afraid because at one point I really had like a

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Speaker 8: good thing going, and then a lot of my stocks

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Speaker 8: have just kind of fallen off here lately. I think

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Speaker 8: I have twenty nine different positions, so I've been trying

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Speaker 8: to kind of figure out how to balance it without

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Speaker 8: losing as much or losing what.

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Speaker 4: Would be a great help if you've got the first

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Speaker 4: scholarship tonight for Red Panda stock Club.

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Speaker 2: I'm actually in stock club.

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Speaker 4: I'm all we got to get that portfolio cleaned up tonight. Okay,

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Speaker 4: for sure, So send me. Send me your list Ian

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Speaker 4: at join Redpanda dot com. Send me all twenty nine.

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Speaker 4: I'll tell you which ones to get rid of. We

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Speaker 4: gotta get rid of fifth, third, Teledoc and what was

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Speaker 4: the one you mentioned? Cool? Yeah, we gotta get rid

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Speaker 4: of all those.

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Speaker 2: Okay, thanks, okay to thank you, thank you.

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Speaker 6: Can we just somebody's been spamming YouTube with the same

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Speaker 6: question every minute? What are your thoughts on waste management?

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Speaker 6: On waste management?

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Speaker 4: And then let us block Since you want to spam,

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Speaker 4: I'm gonna answer your question, but I want you guys

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Speaker 4: to be kind. Listen, stop doing this. I know they're nice,

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Speaker 4: I'm not Stop playing with me. Waste Manager is a

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Speaker 4: great company. I appreciate you being here. Can we block them?

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Speaker 4: Shout out to Michael Batnek who put out the first

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Speaker 4: crypto index, but you wanted to tell him he didn't know. Okay,

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Speaker 4: we gonna see who knows what when this crash happens.

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Speaker 4: Now were check next year? Everybody was talking options. Come

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Speaker 4: to the table. We're gonna have a big paperwork party

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Speaker 4: next year. Listen to a shot twenty two bottles I

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Speaker 4: got you.

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Speaker 7: Listen.

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Speaker 5: Listen when you see him pick up this microphone and

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Speaker 5: it's not playing, stop playing with him, Stop playing with him.

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Speaker 4: Next question, No, I'm not higher drunk. I am high

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Speaker 4: off Jesus and Ally, I love y'all.

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Speaker 6: How are you off?

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Speaker 4: Ally?

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Speaker 8: Oh?

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Speaker 4: Let's get one more question, Janet, if we can please, all.

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Speaker 2: Right, Jeremy, I mean.

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Speaker 4: Hey, how y'all doing, Jeremy, my brother.

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Speaker 5: Listen, listen, I was there yesterday with you, man. I

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Speaker 5: heard you you speaking in the club yesterday. Man, powerful, powerful,

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Speaker 5: powerful were coming to Oakland, by the way, just letting

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Speaker 5: you know.

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Speaker 10: I'm on the east Man, I've been on the east.

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Speaker 5: Coast from Oh that's right, that's right, that's right, came

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Speaker 5: this way. But dope, dope yesterday Man, listening to your testimonial. Man,

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Speaker 5: that's powerful.

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Speaker 11: Thank you for charity, that and another one. I'm just

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Speaker 11: gonna give hours like I always do. Man, every one

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Speaker 11: of our every one of our revolutionaries, every one of

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Speaker 11: our civil rights leaders have been speaking about wealth, and

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Speaker 11: it has to it's tight in with my question. And

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Speaker 11: they've been speaking about wealth and they literally looking down

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Speaker 11: on each one of your spirits and thankful, thank god

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Speaker 11: y'all came into most of our lives. Man, that's the truth.

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Speaker 11: But my question really is circling around, like, all right,

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Speaker 11: what are the next steps after wealth is created? And

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Speaker 11: you guys alluded to a little bit of it tonight,

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Speaker 11: like talking to group economics, group politics, Like what is

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Speaker 11: the next step after wealth's created? How do we start

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Speaker 11: to focus as a culture on.

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Speaker 10: Group economics and community building, and then do you have

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Speaker 10: a vision that helps us build unity that takes us

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Speaker 10: away from the individualism and the separation that is killing

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Speaker 10: our community.

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Speaker 6: I like, somebody just asked me this question, and in Miami,

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Speaker 6: that's crazy. That's a great question. And I feel like

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Speaker 6: there's different steps to you know, the process, and the

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Speaker 6: first step is, you know, taking care of yourself and

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Speaker 6: taking care of your family and creating strong individuals. And

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Speaker 6: then when you have enough strong individuals, now you can

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Speaker 6: create a strong community. Group economics definitely has to be

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Speaker 6: part of the conversation, not just on like just a

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Speaker 6: you know, fluff conversation group economics, Like what does that

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Speaker 6: really mean? Right, Like actually having real group economics where

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Speaker 6: it's like we can actually have you know, funds, and

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Speaker 6: we can actually have banks, and we can actually have

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Speaker 6: institutions and things trade, yeah, publicly traded companies, things that nature.

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Speaker 6: So group economics definitely has to be part of the situation. Politics.

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Speaker 6: Politics definitely has to be part of the situation. Understanding

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Speaker 6: politics becoming more politically mature, not just voting out of emotions.

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Speaker 6: You know, I feel like a lot of times, like

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Speaker 6: we do stuff out of emotions. We're very emotional a

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Speaker 6: lot of times, and it's like, you know, politicians use

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Speaker 6: that against the so you know, you can't you can't

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Speaker 6: be emotional in politics because there's no emotions in politics.

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Speaker 6: So that's something that we really have to come to

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Speaker 6: the table and then honest the next the next step

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Speaker 6: after that is a global conversation and really having global

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Speaker 6: conversations and building you know, global summits and really connecting

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Speaker 6: the dots. That's why, you know, you see us go

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Speaker 6: to Jamaica, you see us go to Egypt, you see

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Speaker 6: us go to Nigeria. You know, you see us talking

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Speaker 6: to Shine, who's you know, probably going to be the

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Speaker 6: prime Minister of Belize one day. It's not just we're

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Speaker 6: not just doing this just for no reason, Like we

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Speaker 6: personally want to establish relationships, learn educate ourselves because we

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Speaker 6: understand that, you know, the world is big. It's much

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Speaker 6: bigger than just the United States of America. So as

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Speaker 6: a community, you know, we we have to understand that,

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Speaker 6: get past trivial differences that we have because ultimately we're

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Speaker 6: stronger together. And if you look at like the G

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Speaker 6: eight summit or the G twenty summing, you know, every

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Speaker 6: country doesn't get along. Russia and America don't have to

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Speaker 6: get along and sit down and have a conversation, and

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Speaker 6: they still work on stuff because ultimately, you know, what's

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Speaker 6: good for the goose is good for the gander. So

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Speaker 6: I think, oh, that's kind of a long answer because

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Speaker 6: it's it's not just a short solution. But I feel

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Speaker 6: like that's just a couple of things that come after

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Speaker 6: building personal wealth

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Speaker 11: My graduates from my school being false back drop drop,

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Speaker 11: Mike drop, back drop drop,