Speaker 1: All right, let's start off with Mary.
Speaker 2: I meet yourself. Please, we are coming to you. Hi. Everyone.
Speaker 3: I'm well, so I'm gonna make it quick. I literally
Speaker 3: bought Amazon. You guys are gonna laugh at me. I'm
Speaker 3: giving away my age on sharebuilder.
Speaker 1: Okay. Back in.
Speaker 3: Okay, my roommate and I we're in our dorm rooms
Speaker 3: and we're like, oh, you know, goofballing, and we did it.
Speaker 1: So I'm good right now.
Speaker 3: I want to get into the whole bitcoin, but I'm
Speaker 3: not as confident as far as what I've done with
Speaker 3: the stocks. And you know, I'm sitting here and I
Speaker 3: said to myself, all right, I'm going to do it.
Speaker 3: Do I do six hundred? Do I do twelve hundred?
Speaker 3: Because I feel that's nice and you know, cautious, safe amount.
Speaker 3: And I'm looking at the bindance as the way to go,
Speaker 3: and I'm just trying to figure out am I perceiving
Speaker 3: that correctly?
Speaker 1: Or should I just all back?
Speaker 4: And before I gotta give you praise? What year did
Speaker 4: you buy Amazon?
Speaker 1: Ninety nine?
Speaker 3: That's why I'm laughing these days, like people have no idea, Wow,
Speaker 3: I'm good.
Speaker 4: What percentage are you up? And tell them how important?
Speaker 4: Long term investment is please.
Speaker 3: You just got to chill, Like seriously, it was a
Speaker 3: joke for us in college, Like my roommate I Asian
Speaker 3: guy moved off campus. Are like, let's try it out
Speaker 3: and see what's you know, what's going to happen? We
Speaker 3: lose what twenty five dollars and we just wrapped up
Speaker 3: because it was like something like nineteen and change, if
Speaker 3: I remember correctly, nineteen We just we.
Speaker 1: Just wrapped up.
Speaker 4: You don't need bitcoin, you got bitcoin gainst from Amazon.
Speaker 3: I do, but I just I don't want to you know,
Speaker 3: I don't want to sleep. I've got two kids and
Speaker 3: I just want to make sure they're could you.
Speaker 4: Know binancer is a good option. I probably wouldn't touch
Speaker 4: it till it goes to forty six fifty six though
Speaker 4: it's too high. Okay, I will wait, but we need
Speaker 4: to get you. Can we Jennet get her information. I
Speaker 4: need to send you an award plaque for those who
Speaker 4: don't know show Builder go Google. I know, yeah, you
Speaker 4: are a seasoned veteran, but what are you comfortable saying?
Speaker 4: What percentage you're up in Amazon all time?
Speaker 1: Let's just have to you know, I'm gonna put myself up.
Speaker 1: I'm good. The kids are good. My kids kids are good.
Speaker 3: We're good, and I just, you know, I just want
Speaker 3: to be knowledgeable because you know, I come from the
Speaker 3: family of Nigerian and it's putting money in the bank.
Speaker 3: So we weren't taught making money work for you. So
Speaker 3: I'm coming out there, you know, making this money work
Speaker 3: for me. And when I showed my parents like buying houses,
Speaker 3: you know, I'm in Connecticut buying house is two three
Speaker 3: hundred thousand cash, no mortgages, and just again lend it
Speaker 3: work for itself.
Speaker 1: You know.
Speaker 2: Thank you.
Speaker 4: You are literally the message I've been preaching forever that.
Speaker 1: Free we don't now, We just we don't know.
Speaker 3: And it's unfortunate because as the black people, we don't
Speaker 3: know what we don't know, so we are our own
Speaker 3: worst enemy in a sense.
Speaker 5: Mary, you were saying six hundred, twelve hundred As far
Speaker 5: as what is that much coins you want to buy?
Speaker 4: What are we talking?
Speaker 3: The funny I wanted to put towards it like I'm
Speaker 3: I'm definitely you know, I feel like I feel confident
Speaker 3: in my stocks, but again with bitcoins, I'm still trying
Speaker 3: to learn it. So twelve hundred is it's I don't
Speaker 3: want to say trump change.
Speaker 6: But two hundred dollars not two hundred coins. I'm like,
Speaker 6: wait our valad doorboards seven hundred Bitcoin's like she's not
Speaker 6: buy never one hundred.
Speaker 4: Said she's good, So like we never know, we never know.
Speaker 4: Shout no, you definitely know, bro, Yeah to twelve hundred
Speaker 4: is a good investment holder. For three or four years.
Speaker 4: We will be related treated the same way as any
Speaker 4: top ten company on nastac. It moves the same rate
Speaker 4: of speed to volatility is almost equivalent. You'll be good.
Speaker 3: So my money guy's talking me out of it, and
Speaker 3: he's like, no, you're fine right now, Like, well why not, no, no, no, rebe.
Speaker 4: Twelve hundred won't hurt your lifestyle, And that's that's what
Speaker 4: I said.
Speaker 3: And I'm a very like I'll split a penny four ways,
Speaker 3: you know.
Speaker 4: Yeah, you're good for sure, Yeah, I al way for
Speaker 4: the forty thousand market, you'll be good. But I have
Speaker 4: to get you to work. Thank you for apprecing this,
Speaker 4: and especially for a woman. Can you tell the women
Speaker 4: how important it is and how much better it's made
Speaker 4: your life by.
Speaker 3: Investment ladies, sisters, I can't even I'm gonna make you,
Speaker 3: guys sad for a moment, but I think I really
Speaker 3: need to put it out there.
Speaker 1: My husband passed.
Speaker 3: Away one year ago, battling new gags disease and his passing.
Speaker 3: We're okay, and even before that, I was okay as
Speaker 3: a female, and I think we are so still stuck
Speaker 3: in this momentum of you need a partner, you know,
Speaker 3: because money is about men and it's really not that.
Speaker 1: You know, you have to be able to stand.
Speaker 3: On your own, and there's nothing wrong with standing on
Speaker 3: your own and knowing what money is, understanding how it works,
Speaker 3: what is it, what is the value of it. You
Speaker 3: don't have to wear it, but know it, understand it,
Speaker 3: make it work for you.
Speaker 2: That's incredible.
Speaker 4: I want to meet Mary.
Speaker 1: Yeah, we have to.
Speaker 4: There's something about Mary. We got to meet her. Oh
Speaker 4: my god, Yeah we got We've got to get here
Speaker 4: to Houston.
Speaker 5: Look of this out. Yes, yes, Yes to you and
Speaker 5: the family.
Speaker 1: Thank you, thank you, Thank you for the info.
Speaker 4: Guys.
Speaker 1: I'm definitely gonna lean that way.
Speaker 4: Thank you, Mary, thank you.
Speaker 6: I appreciate it.
Speaker 4: Since ninety nine, Like, let's take a moment and let
Speaker 4: that breathe. I was looking at the chart, Blake. So
Speaker 4: everybody put in chat long term and that's is the way.
Speaker 4: There's no trader that has on paper and with real
Speaker 4: money that is outperformed. That number of return long term
Speaker 4: is a way. Go ahead.
Speaker 2: All right, let's go to another lady here, Denise.
Speaker 7: So please, oh Denise, No, it's been so long since
Speaker 7: it's been a Frisbrank YouTube.
Speaker 4: Let's get back to eight thousand. What was going on?
Speaker 5: They was talking crazy about you, but I was just saying, She's, well.
Speaker 8: Hey, guys, I'm happy to be on here to talk
Speaker 8: to you guys tonight. I have a quick question about
Speaker 8: I just recently stopped working, So I have a four
Speaker 8: oh one K that's like two hundred and fifty thousand,
Speaker 8: and I'm a little bit afraid of like what's going
Speaker 8: to happen with the market coming with the recession, so
Speaker 8: I know I need to switch it over to an IRA.
Speaker 8: I also have some stocks, so I'm just kind of
Speaker 8: in that mode of not really knowing what to allocate
Speaker 8: everything in.
Speaker 6: So first, yeah, as far as the question of rolling
Speaker 6: over to the IRA, it's definitely always a good I'll
Speaker 6: just start off with this is the reason why it's
Speaker 6: a good idea to roll over a four one K
Speaker 6: into an IRA. Is that when you leave your job,
Speaker 6: your full one K is kind of frozen in the
Speaker 6: sense is not frozen where it's not growing, it's still
Speaker 6: growing whatever however it's invested, but it's frozen. Whereas you
Speaker 6: can't add money to it, you're kind of stuck. You're
Speaker 6: stuck with the investment options that are provided for you
Speaker 6: by the four one K. So full one K usually
Speaker 6: has like a menu of like let's say ten or
Speaker 6: twelve different investment options that you get to pick and
Speaker 6: choose from. Like let's say Fidelity manages the fund, they'll
Speaker 6: give you like fifteen different options to choose from. So
Speaker 6: you can't just invest in anything you want. You have
Speaker 6: to invest in what is given to you in the
Speaker 6: four one K. You really can't get investment advice on it,
Speaker 6: like legally, if you call a one one hundred number,
Speaker 6: they can't actually like give you advice over the phone.
Speaker 6: Most of the time people don't have a relationship with
Speaker 6: the advisor that have done that did their full when
Speaker 6: K when they're no longer with the job. You can't
Speaker 6: borrow from it when you're no longer working, So there's
Speaker 6: not really a lot of advantages of keeping an old
Speaker 6: fall one k at the fall one k. So that's
Speaker 6: that's the reason why you roll into an IRA, because
Speaker 6: now when you roll into an IRA, you can invest
Speaker 6: in anything that you want. You can put money into
Speaker 6: the IRA over the course of time. It serves as
Speaker 6: a central hub. So if you have a couple of
Speaker 6: old fall one k's, it kind of gets hard to manage,
Speaker 6: so you can roll it all into one central IRA.
Speaker 6: So these are all the benefits of actually doing the IRA,
Speaker 6: first and foremost. Second of all, I believe she said
Speaker 6: what to invest in?
Speaker 2: Right?
Speaker 4: Was that a question part of it? What's talk to you?
Speaker 6: So with the retirement you know you said you want
Speaker 6: you interested in what to invest in the four one k?
Speaker 5: Right?
Speaker 1: Correct?
Speaker 4: Yeah, So with the.
Speaker 6: Retirement account, you know, me personally, I like to be
Speaker 6: a little bit more conservative.
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Speaker 6: I wouldn't necessarily take a lot of risk from my
Speaker 6: retirement account. So we talk about, you know, a lot
Speaker 6: of great ETFs. You know, Ian always talks about v
Speaker 6: oo vt i QQQ is one one of my personal
Speaker 6: favorite ones. You know, you have the xlks of the
Speaker 6: world spy, which is the S and P five hundred.
Speaker 6: So you know, I would go more on the index
Speaker 6: ETF route. I feel like that'll be something that you
Speaker 6: can sleep wealth at night knowing that you're investing in
Speaker 6: you know, twenty of the top companies in the world,
Speaker 6: and you know, not necessarily putting it in one company
Speaker 6: and with the IRA. Also, it's important to keep in
Speaker 6: mind that it's also a long term play even when
Speaker 6: you're in retirement. Retirement is just the beginning part of it.
Speaker 6: So it's like most people. You know, it's crazy because
Speaker 6: you talk about Mount Everest, and most people die on
Speaker 6: Mount Everest coming down the mountain, not coming up the mountain.
Speaker 6: Reason being is that everybody has a plan getting up
Speaker 6: the mountain, but nobody ever really.
Speaker 4: Considers how they're going to get down the mountain.
Speaker 6: So retirement is the same way I look at it
Speaker 6: like the day you retire, it's like the top of
Speaker 6: the mountain, but that's only half the battle. Now you
Speaker 6: actually have to get down. So you know, you could
Speaker 6: live another twenty thirty years in retirement. So the money
Speaker 6: still has to actually work for you. You just can't have
Speaker 6: it in a conservative bond account when you retire because
Speaker 6: you know, when you're taking money out, if it's not
Speaker 6: growing and you're taking too much money out, what's going
Speaker 6: to happen over the court of time is that you're
Speaker 6: going to actually run out of money. So that's why
Speaker 6: you still want to be invested in the stock market
Speaker 6: at all times at some level of exposure. Now you
Speaker 6: might you know, peel it back as you get you know, older,
Speaker 6: but all of those different funds that we just talked
Speaker 6: about b O, O, QQQ, sp Y, they all give
Speaker 6: you exposure to the stocks and you know it'll still
Speaker 6: have time to grow over the course of time. Even
Speaker 6: if it's out of all time high right now, ten
Speaker 6: years from now is not, it's going to be higher.
Speaker 6: Odds are the stock market is going to be higher
Speaker 6: than it is now.
Speaker 4: I want to say stop quantitative reason, which is very
Speaker 4: well what individual stocks are you in, curly? What stocks
Speaker 4: are you in currently?
Speaker 2: Oh? I have like twenty nine different stocks.
Speaker 8: I don't know if you guys here, Yeah, yeah, Roku was.
Speaker 2: One of them. Td OC to the third bank fc
Speaker 2: am I breaking up?
Speaker 4: No, we're here. So you said you were in Teledoc, Yeah.
Speaker 2: Tele Doc, which I know I should have exited, but
Speaker 2: I just was.
Speaker 8: Afraid because at one point I really had like a
Speaker 8: good thing going, and then a lot of my stocks
Speaker 8: have just kind of fallen off here lately. I think
Speaker 8: I have twenty nine different positions, so I've been trying
Speaker 8: to kind of figure out how to balance it without
Speaker 8: losing as much or losing what.
Speaker 4: Would be a great help if you've got the first
Speaker 4: scholarship tonight for Red Panda stock Club.
Speaker 2: I'm actually in stock club.
Speaker 4: I'm all we got to get that portfolio cleaned up tonight. Okay,
Speaker 4: for sure, So send me. Send me your list Ian
Speaker 4: at join Redpanda dot com. Send me all twenty nine.
Speaker 4: I'll tell you which ones to get rid of. We
Speaker 4: gotta get rid of fifth, third, Teledoc and what was
Speaker 4: the one you mentioned? Cool? Yeah, we gotta get rid
Speaker 4: of all those.
Speaker 2: Okay, thanks, okay to thank you, thank you.
Speaker 6: Can we just somebody's been spamming YouTube with the same
Speaker 6: question every minute? What are your thoughts on waste management?
Speaker 6: On waste management?
Speaker 4: And then let us block Since you want to spam,
Speaker 4: I'm gonna answer your question, but I want you guys
Speaker 4: to be kind. Listen, stop doing this. I know they're nice,
Speaker 4: I'm not Stop playing with me. Waste Manager is a
Speaker 4: great company. I appreciate you being here. Can we block them?
Speaker 4: Shout out to Michael Batnek who put out the first
Speaker 4: crypto index, but you wanted to tell him he didn't know. Okay,
Speaker 4: we gonna see who knows what when this crash happens.
Speaker 4: Now were check next year? Everybody was talking options. Come
Speaker 4: to the table. We're gonna have a big paperwork party
Speaker 4: next year. Listen to a shot twenty two bottles I
Speaker 4: got you.
Speaker 7: Listen.
Speaker 5: Listen when you see him pick up this microphone and
Speaker 5: it's not playing, stop playing with him, Stop playing with him.
Speaker 4: Next question, No, I'm not higher drunk. I am high
Speaker 4: off Jesus and Ally, I love y'all.
Speaker 6: How are you off?
Speaker 4: Ally?
Speaker 8: Oh?
Speaker 4: Let's get one more question, Janet, if we can please, all.
Speaker 2: Right, Jeremy, I mean.
Speaker 4: Hey, how y'all doing, Jeremy, my brother.
Speaker 5: Listen, listen, I was there yesterday with you, man. I
Speaker 5: heard you you speaking in the club yesterday. Man, powerful, powerful,
Speaker 5: powerful were coming to Oakland, by the way, just letting
Speaker 5: you know.
Speaker 10: I'm on the east Man, I've been on the east.
Speaker 5: Coast from Oh that's right, that's right, that's right, came
Speaker 5: this way. But dope, dope yesterday Man, listening to your testimonial. Man,
Speaker 5: that's powerful.
Speaker 11: Thank you for charity, that and another one. I'm just
Speaker 11: gonna give hours like I always do. Man, every one
Speaker 11: of our every one of our revolutionaries, every one of
Speaker 11: our civil rights leaders have been speaking about wealth, and
Speaker 11: it has to it's tight in with my question. And
Speaker 11: they've been speaking about wealth and they literally looking down
Speaker 11: on each one of your spirits and thankful, thank god
Speaker 11: y'all came into most of our lives. Man, that's the truth.
Speaker 11: But my question really is circling around, like, all right,
Speaker 11: what are the next steps after wealth is created? And
Speaker 11: you guys alluded to a little bit of it tonight,
Speaker 11: like talking to group economics, group politics, Like what is
Speaker 11: the next step after wealth's created? How do we start
Speaker 11: to focus as a culture on.
Speaker 10: Group economics and community building, and then do you have
Speaker 10: a vision that helps us build unity that takes us
Speaker 10: away from the individualism and the separation that is killing
Speaker 10: our community.
Speaker 6: I like, somebody just asked me this question, and in Miami,
Speaker 6: that's crazy. That's a great question. And I feel like
Speaker 6: there's different steps to you know, the process, and the
Speaker 6: first step is, you know, taking care of yourself and
Speaker 6: taking care of your family and creating strong individuals. And
Speaker 6: then when you have enough strong individuals, now you can
Speaker 6: create a strong community. Group economics definitely has to be
Speaker 6: part of the conversation, not just on like just a
Speaker 6: you know, fluff conversation group economics, Like what does that
Speaker 6: really mean? Right, Like actually having real group economics where
Speaker 6: it's like we can actually have you know, funds, and
Speaker 6: we can actually have banks, and we can actually have
Speaker 6: institutions and things trade, yeah, publicly traded companies, things that nature.
Speaker 6: So group economics definitely has to be part of the situation. Politics.
Speaker 6: Politics definitely has to be part of the situation. Understanding
Speaker 6: politics becoming more politically mature, not just voting out of emotions.
Speaker 6: You know, I feel like a lot of times, like
Speaker 6: we do stuff out of emotions. We're very emotional a
Speaker 6: lot of times, and it's like, you know, politicians use
Speaker 6: that against the so you know, you can't you can't
Speaker 6: be emotional in politics because there's no emotions in politics.
Speaker 6: So that's something that we really have to come to
Speaker 6: the table and then honest the next the next step
Speaker 6: after that is a global conversation and really having global
Speaker 6: conversations and building you know, global summits and really connecting
Speaker 6: the dots. That's why, you know, you see us go
Speaker 6: to Jamaica, you see us go to Egypt, you see
Speaker 6: us go to Nigeria. You know, you see us talking
Speaker 6: to Shine, who's you know, probably going to be the
Speaker 6: prime Minister of Belize one day. It's not just we're
Speaker 6: not just doing this just for no reason, Like we
Speaker 6: personally want to establish relationships, learn educate ourselves because we
Speaker 6: understand that, you know, the world is big. It's much
Speaker 6: bigger than just the United States of America. So as
Speaker 6: a community, you know, we we have to understand that,
Speaker 6: get past trivial differences that we have because ultimately we're
Speaker 6: stronger together. And if you look at like the G
Speaker 6: eight summit or the G twenty summing, you know, every
Speaker 6: country doesn't get along. Russia and America don't have to
Speaker 6: get along and sit down and have a conversation, and
Speaker 6: they still work on stuff because ultimately, you know, what's
Speaker 6: good for the goose is good for the gander. So
Speaker 6: I think, oh, that's kind of a long answer because
Speaker 6: it's it's not just a short solution. But I feel
Speaker 6: like that's just a couple of things that come after
Speaker 6: building personal wealth
Speaker 11: My graduates from my school being false back drop drop,
Speaker 11: Mike drop, back drop drop,