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Speaker 3: There's an economic play. There's an economic play behind police brutality.

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Speaker 3: There's a huge, huge economic play. So every year cities

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Speaker 3: across the United States of America, small and large, they

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Speaker 3: spend millions of dollars in police brutality claims because it's like,

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Speaker 3: this isn't calmon, this isn't new, right, like it happens

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Speaker 3: all the time they right, even if it's not to

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Speaker 3: this extent where somebody gets killed, somebody might get a

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Speaker 3: black eye, somebody might break somebody's ribs.

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Speaker 4: Like a lobody, might be wrongfully accused.

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Speaker 3: Yeah, it's a lot of police but that's it's but

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Speaker 3: specifically police brutality. So police brutality cases, there's millions of

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Speaker 3: police brutality cases all over the country every single year.

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Speaker 3: Most of the time it's settled with some compensation being paid,

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Speaker 3: and that can go from one thousand dollars to one

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Speaker 3: hundred million dollars like anywhere in between. Right, it depends.

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Speaker 3: So now what people don't fully understand, I think is

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Speaker 3: that there's billions, billions of dollars that are paid to

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Speaker 3: victims of police brutality every single.

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Speaker 4: Year, all the time. Yeah, there was a settlement for

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Speaker 4: forty million, this person got twenty five million. Nobody thinks

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Speaker 4: about they just hit the number. Nobody thinks about anything else.

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Speaker 4: Where's this coming from?

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Speaker 3: Yeah, and to create So Chicago in twenty eighteen, one

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Speaker 3: hundred and thirteen million dollars was paid to police brutality.

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Speaker 4: Settlements and judgments.

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Speaker 3: One hundred and thirteen million in just the city of

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Speaker 3: Chicago in twenty eighteen one years. That's amazing. It's like,

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Speaker 3: where does this money come from? So this is now

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Speaker 3: you start to peel back the layers, because if it's

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Speaker 3: like it's like a movie. It's like a movie, like

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Speaker 3: you see the Instagram clips and it's like, okay, so

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Speaker 3: now I feel like I'm actually a detective. Right, It's like,

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Speaker 3: now you got to peel back the layers.

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Speaker 4: It's weird because at times, like when you hear these sellments.

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Speaker 4: I remember when Dudiallo got the sell them and it

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Speaker 4: was like, yoh, it's forty million dollars or something of

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Speaker 4: that sort, and it was like that felt like a victory.

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Speaker 4: It felt like, all right, well he's been compensated for

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Speaker 4: the abuse that he suffered. And then when you look

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Speaker 4: at like, wait, where did that money come from? It's like, wait,

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Speaker 4: is this really a bit? Should we be celebrating that.

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Speaker 3: That's the crazy thing about it. Nobody ever thought about

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Speaker 3: where the money come from. So where does the money

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Speaker 3: come from? The money comes from taxpayers, right, So taxpayers.

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Speaker 3: So that's another thing about police officers. Police officers are

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Speaker 3: public servants. Right, we pay when I say we tax

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Speaker 3: paying people of the United States of America pay the

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Speaker 3: salaries and the retirement of the police department. All of

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Speaker 3: that comes from tax dollars. So now the taxpayers are

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Speaker 3: paying for these payouts. That's the first that's the first

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Speaker 3: part that people need to fully understand.

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Speaker 4: It's like even before the payout, right, they have no

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Speaker 4: So you got to understand that part. Before you even

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Speaker 4: get to the setlement, you've had to go through court

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Speaker 4: a court case. Right there, there's no financial responsibility on

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Speaker 4: the side of an officer during the police brutality case.

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Speaker 4: So literally, the taxpayers pay for their trial. So they're

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Speaker 4: paying for the lawyers that, they're paying for the judgments,

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Speaker 4: and they're paying for the settlements. Like there is nothing

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Speaker 4: that they have to do if the actors committed while

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Speaker 4: they're on the job.

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Speaker 3: Yeah, that's the fact. So now so now the tax

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Speaker 3: payers paid for it. So it's like all right, so

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Speaker 3: now now we got deal back, peel back, even more layers.

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Speaker 3: So now a lot of cities, in towns, they have

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Speaker 3: liability policies. So liability it's like insurance pretty much, right,

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Speaker 3: So it's like, okay, any other insurance policy, you pay

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Speaker 3: a premium. So like let's say you have a ten

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Speaker 3: million dollar liability policy, so your premium for that might

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Speaker 3: be two hundred and fifty thousand dollars, right, So taxpayers

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Speaker 3: are paying the premium because that's where it comes from

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Speaker 3: the budget. So tax pay is paying two hundred fifty thousand,

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Speaker 3: and then a liability company is paying the ten million.

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Speaker 3: So it's like, okay, if you if you get into

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Speaker 3: a situation and you beat up somebody, a cop, you're

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Speaker 3: a cop, and you beat up somebody, they sue. Now

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Speaker 3: they win, So now a liability company is liable for

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Speaker 3: that to pay that, so they pay it. But ultimately

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Speaker 3: the taxpayers still paid it in some sort because they

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Speaker 3: actually paid the premium for the policy. So but that

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Speaker 3: wouldn't that wouldn't be that bad because it's it's like,

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Speaker 3: all right, you're only paying it's still bad because it's

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Speaker 3: like you you are committing a crime. You are actually

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Speaker 3: abusing somebody, and where even if it's a dollar or

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Speaker 3: ten percent of what's being paid, it's we're still paying

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Speaker 3: for a tax. But it's like, all right, it's still less.

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Speaker 3: It's not like you're paying the whole thing right now,

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Speaker 3: you got to peel back even one more layers. So

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Speaker 3: it's like, all right. What happens is that most of

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Speaker 3: these cities, towns, and especially as more and more police

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Speaker 3: brutality cases start to be reported. They don't have enough

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Speaker 3: liability because you got to think about the liability. Companies

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Speaker 3: are business as well. They're not just going to try

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Speaker 3: to give away money. Yeah, it's like they cap it.

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Speaker 3: So now it's like there's not enough liability insurance to

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Speaker 3: cover a lot of this, right, So.

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Speaker 4: We need more money.

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Speaker 3: So now they need more money, additional money in addition

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Speaker 3: to the liability. So where does that come from? So

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Speaker 3: now they have to issue bonds. They have to have bonds, right,

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Speaker 3: So it's like Bethelhem, Pennsylvania, small town in Pennsylvania, two

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Speaker 3: thousand and four, they settle the wrongful death lawsuit for

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Speaker 3: a seven point eight nine million, So five hundred thousand

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Speaker 3: came from the insurance, seven million, three hundred and nine

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Speaker 3: seven point thirty nine million came from bonds. So the

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Speaker 3: vast majority of it actually came from bonds.

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Speaker 4: Right. So bonds in the census, like, listen, we're gonna

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Speaker 4: pay you back this money over a given amount of

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Speaker 4: time with interests, right, So a lot of times it

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Speaker 4: could be thirty years, sometimes it could be shorter. So

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Speaker 4: we just got to understand that part too. So literally,

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Speaker 4: a municipality is saying listen, we don't have the money,

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Speaker 4: but we'll get it back to you. They're gonna raise

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Speaker 4: that money from the good people who live in that city.

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Speaker 4: So it's like, listen the people who live in these areas.

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Speaker 4: And a lot of times it's over policed areas. So

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Speaker 4: when we look at the cities, it's over police areas.

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Speaker 4: When they're over policed, there's gonna be more incidents, there's

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Speaker 4: gonna be more altercations with law officials. So they already

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Speaker 4: know like, all right, well we're gonna set this budget aside,

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Speaker 4: and if we don't have enough, we're gonna get more

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Speaker 4: from the taxpayers.

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Speaker 3: Yeah, And so what happens, what's going on now is

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Speaker 3: that cities across the United States of America are going

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Speaker 3: into massive debt because of what they're calling it police

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Speaker 3: brutality bonds. That's what they're pretty much, they're police brutality bonds.

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Speaker 3: So that's the crazy thing about the financial industry. They

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Speaker 3: issue bonds for anything. There was bonds for mortgage backed

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Speaker 3: security for your home. There's bonds for anything that you

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Speaker 3: really get creative, you can issue a bond. So now

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Speaker 3: they actually have police brutality bonds. Right, So between two

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Speaker 3: thousand and eight. In twenty seventeen, we did some research.

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Speaker 3: LA seventy four million dollars was paid in police brutality bonds.

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Speaker 3: The insurance the interest on that was eighteen million. To

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Speaker 3: the holders of the bond and taxpayers, it cost them

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Speaker 3: eighty nine million. So let me just I just wanted

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Speaker 3: people to understand that. So, all right, LA didn't have

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Speaker 3: enough to pay police brutality cases.

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Speaker 4: So those are the judgments and settlements.

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Speaker 3: Right, so over and above what they already have in

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Speaker 3: their budget, or over and above the liabilion.

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Speaker 4: That that's the scary part too, Like we are ready

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Speaker 4: of saying, listen, we have a budget for it. Let's

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Speaker 4: keep going.

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Speaker 3: Yeah, So now they have to go to the financial

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Speaker 3: markets and issue bonds worth seventy one million dollars, right,

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Speaker 3: So they take out bonds for seventy one million dollars

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Speaker 3: to pay this. Because if you know what a bond is,

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Speaker 3: it's like it's your somebody's loaning you money. For them

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Speaker 3: loaning you money, you're paying it back over a course

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Speaker 3: of time, but it's with interest. So now the people

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Speaker 3: that loaned them the money, people that loaned them seventy

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Speaker 3: one million dollars, they got paid an interest of eighteen million.

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Speaker 4: So we're going to talk about who they are too.

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Speaker 3: In a said they so they made money, They made

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Speaker 3: eighteen The people that issued the bonds made eighteen million

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Speaker 3: dollars on the bonds. The taxpayers ended up paying for

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Speaker 3: the whole thing, because you have to pay for the

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Speaker 3: bond and the interest. So the taxpayers ended up paying

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Speaker 3: eighty nine million.

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Speaker 4: So you got to sell the bond money, which is

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Speaker 4: the seventy one if we're talking about LA and talk

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Speaker 4: about the interest pace. So you can buy those two

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Speaker 4: and that's what the bill is for the tax payer.

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Speaker 3: YEP. Milwaukee during that same time, twenty six million in bonds,

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Speaker 3: three point seven million dollars in interest. The taxpayers paid

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Speaker 3: twenty nine million. Chicago, Chicago. I don't know what's going

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Speaker 3: on in Chicago.

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Speaker 4: Well, Chicago had a lot of high profile cases. One

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Speaker 4: that comes to mind, and we're going to talk about

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Speaker 4: a duration of time, So from like ten to twenty eighteen,

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Speaker 4: we're talking to almost a billion dollars paid. They had

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Speaker 4: the Lakwi McDonald case where the young black kid was

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Speaker 4: shot sixteen times. And I believe the office's name was

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Speaker 4: Van Dyk or something like that got sent us to

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Speaker 4: six years. There was a settlement in that case. So

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Speaker 4: you got a couple of cases in Chicago that happened

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Speaker 4: from twenty to ten to twenty seventeen. They had seven

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Speaker 4: hundred and nine million in bonds, seven hundred and nine million.

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Speaker 4: The interest paid those on those bonds was one billion

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Speaker 4: dollars with a b so the taxpayers get the bill

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Speaker 4: for one point seven There is a crazy part. There

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Speaker 4: was this quote. I was like, yo, that is it.

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Speaker 4: I was reading. It was like they said, this is

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Speaker 4: like the equivalent of paying your rent with a credit card.

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Speaker 4: Like it's a temporary solution, but the root of the

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Speaker 4: problem is you don't have enough money to pay your bills.

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Speaker 3: Yeah, you know what I'm saying.

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Speaker 4: Think about that.

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Speaker 3: And that's crazy. I mean because if you look at it,

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Speaker 3: like Milwaukee paid three million interest on twenty six million

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Speaker 3: dollar bond, La paid eighteen million on a seventy one

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Speaker 3: million dollars bond, they're small The interest is smaller than

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Speaker 3: the amount of money that they borrowed. Chicago actually paid

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Speaker 3: more interest than what they So not only are they

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Speaker 3: issuing bonds, they're issuing high interests like credit card like

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Speaker 3: thirty five percent or something like that must be crazy

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Speaker 3: that they paid one billion dollars of interest and they

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Speaker 3: only borrowed seven hundred and nine million, and the tax

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Speaker 3: payers paid for all of that. Tax pay is pay

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Speaker 3: for one point seven billion. So this is something that's

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Speaker 3: so crazy because it's like, you're paying for police brutality.

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Speaker 3: You are, yeah, And this is something, like I said,

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Speaker 3: whether you are black, white, whether you are affluent, whatever,

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Speaker 3: this is something that everybody should be concerned about because

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Speaker 3: from an economic standpoint, why do you want to pay

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Speaker 3: for road cops? Why do you want to pay for that?

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Speaker 4: You're getting conduct.

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Speaker 3: You're not only paying for it, but you're paying for

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Speaker 3: the interest as well.

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Speaker 4: Yeah.

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Speaker 3: So all right, so now that's that's the third layer.

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Speaker 3: But here's where it gets really spicy. It's like, all right,

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Speaker 3: so we're talking about bonds and day they so who's day? Right?

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Speaker 3: So it turns out that large banks, investment firms, ball

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Speaker 3: Street investment firms, small regional banks all play a part

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Speaker 3: in issuing these bonds. Some well known companies that have

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Speaker 3: played a part, Wells Fargo, Goldman Sachs, Bank of America.

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Speaker 4: Bank of Montreal.

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Speaker 3: So they issue police brutality bonds to town cities municipalities.

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Speaker 3: The cities pay them over the course of time to

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Speaker 3: loan them money so they can pay victims, and they

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Speaker 3: actually are making money. So these companies are making money

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Speaker 3: off of police brutality because they're getting paid interest on

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Speaker 3: the bonds.

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Speaker 4: And there's a lot of fees that go into doing

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Speaker 4: these bonds. Right. So, like we said that there's an

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Speaker 4: underwriter fees that the banks are going to collect the

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Speaker 4: money on that every time they issue them, so they're

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Speaker 4: going to every time that there's a case that is

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Speaker 4: a settlement, there's underwriting fees. The bank gets big.

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Speaker 3: So not only do you have the first layer that's

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Speaker 3: making money is insurance companies for the liability claims because

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Speaker 3: insurance companies always make money, there's no way around it.

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Speaker 3: Like that's how insurance companies operate, right, So now you're

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Speaker 3: paying insurance premiums, So insurance, there's insurance policies in place

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Speaker 3: for police brutality, they make money. But even bigger than that,

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Speaker 3: now you have financial institutions that are making money off

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Speaker 3: police brutality bonds off the interest. So okay, now we

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Speaker 3: have to look at now it makes more sense why

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Speaker 3: nothing has changed in the last fifty years, if anything

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Speaker 3: has gotten worse, right, because there's no incentive for it

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Speaker 3: to stop. Not only do the police do not pay themselves,

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Speaker 3: they have no financial responsibility for it at all. So

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Speaker 3: that's one thing, like that's crazy. The insurance companies is

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Speaker 3: actually making money on it, and now banks and financial

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Speaker 3: institutions aren't making money on it. So if there's if

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Speaker 3: there's if nobody's losing money as far as the cops

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Speaker 3: and people are making millions and billions of dollars, why

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Speaker 3: would there ever be a real incentive to change police brutality.

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Speaker 4: And then all that, right, if this was chess, right,

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Speaker 4: if we said that those are all the players, we

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Speaker 4: got to figure out where are we at on that chessboard?

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Speaker 3: Just pawns getting moved around. That's the reality of it,

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Speaker 3: and most people don't realize it. So it's like all right, okay, okay.

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Speaker 3: So and there's different ways how cities use it, Like

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Speaker 3: some cities use bonds as like part of their budgets.

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Speaker 3: Some cities use it as an emergency opption. Some cities

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Speaker 3: use it after the liability insurance cuts in, but they're

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Speaker 3: still getting used. Right, So it's like whole economic sight.

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Speaker 3: This is what we're talking about politics, and this is

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Speaker 3: something that people need to be aware of. So it's

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Speaker 3: like we're not just going to give you the problem.

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Speaker 3: Hopefully people somebody's listening to a bunch of people are listening,

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Speaker 3: and community's listening. So and you never know what somebody

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Speaker 3: can do with the information. Right. So now it's like,

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Speaker 3: how I see it. We're talking about were in a

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Speaker 3: political season, right, and you're asking these politicians. You demanding

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Speaker 3: these politicians for these things, right, But a lot of

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Speaker 3: times you asking them and you demanded them for wrong things.

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Speaker 3: You asking them to put body cameras on these people.

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Speaker 3: It doesn't matter.

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Speaker 4: But that's crazy. I'm glad you said body cameras because

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Speaker 4: in my notes, I was thinking, like body cameras that

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Speaker 4: comes out of the budget too, right, So like when

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Speaker 4: you say you want these things, they have to get

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Speaker 4: the money to pay for it. So there needs to

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Speaker 4: be a budget that needs to come flow. You're paying

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Speaker 4: for those body cameras if you want them, you know

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Speaker 4: what I'm saying. So like we got to think intense, like,

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Speaker 4: all right, everything that you're asking for, you're going to

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Speaker 4: pay for it.

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Speaker 3: So the real in my opinion, if you want to

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Speaker 3: take a political route, I'm not a post I'm not

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Speaker 3: opposed to politics. If you want to take a political route, right,

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Speaker 3: real legislation that can really make a difference is first

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Speaker 3: kitting police officers when it hurts, so getting cuts from

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Speaker 3: the pension funds. Right, the police unions across America is

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Speaker 3: probably the strongest, if not one of these strongest unions

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Speaker 3: in every city of America. That they hardly can ever

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Speaker 3: lose it. They can go to jail and still keep

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Speaker 3: their pension. They hardly ever get fired even if they

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Speaker 3: threw an egregious act. They like get put on like

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Speaker 3: punishment or death duty.

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Speaker 4: But even when they get fired, so that there's a

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Speaker 4: fine line there, right, and that's where the law comes in.

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Speaker 4: It's like they can get fired for the offense, but

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Speaker 4: the offense happened while they were on duty, you see

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Speaker 4: what I'm saying, So like you're still paying for it

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Speaker 4: because it happened while they were part of the force.

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Speaker 4: They could have been fired after it, but they still

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Speaker 4: were doing that crime while they were on it. So

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Speaker 4: technically your taxpayer is gonna pay for it.

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Speaker 3: Yeah, So actionable items my opinion, I'm sure you have

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Speaker 3: some ideas cutting pinch in funds, right, every for every

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Speaker 3: for every one hundred million that has to be paid out,

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Speaker 3: ten percent of the of the pension fund gets depleted.

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Speaker 3: That's that's an incentive for cops not to be because

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Speaker 3: you gotta realize this a lot of times, this is

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Speaker 3: the reality of it. Racism is real, right, So you're

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Speaker 3: not gonna be able to change You're not gonna be

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Speaker 3: able to change somebody's mine. If somebody looks at you

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Speaker 3: as less than a human being, somebody looks at you,

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Speaker 3: you can't change that by doing training and none of

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Speaker 3: that's gonna work. But what people respect more than anything

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Speaker 3: else is money. So if they realize that, look, this

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Speaker 3: is gonna affect my money, you're gonna think twice about

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Speaker 3: doing something. So let's say it's one hundred for ever

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Speaker 3: one hundred million dollars ten percent of the total pension

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Speaker 3: for everybody, because it gotta be across the board, everybody's

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Speaker 3: gotta feel the pain gets deducted. Now, the good cops

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Speaker 3: is going to be even more vigilant, and the bad

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Speaker 3: cops is even gonna think about it because it's like,

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Speaker 3: I'm not just gonna do nothing because now I'm gonna

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Speaker 3: get effected pay Yeah.

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Speaker 4: I think the second way we can we can go

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Speaker 4: about this is having them have individual responsibility rather than

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Speaker 4: having the tax paid pay for it. Let it come

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Speaker 4: out of it. Like you said, let's affect the money.

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Speaker 4: Let it come out of their own individual pench pains.

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Speaker 4: Let it come out of their own individual salaries. If

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Speaker 4: there is misconduct, right, if you saw that happening, you

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Speaker 4: would be less likely to commit any type of egregious

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Speaker 4: offense if you know it was going to cost you, right,

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Speaker 4: because you got to feed your family too.

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Speaker 3: It's just like the NFL or any other thing. You

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Speaker 3: get fined exactly right, you get fine, you do something

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Speaker 3: in the NFL, you do an illegal hit, you get

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Speaker 3: a fifty thousand dollars paycheck cut in your paycheck. So yeah,

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Speaker 3: like you said, cops, if you get found guilty, if

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Speaker 3: you because if you have to pay their settling it right,

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Speaker 3: So for every settlement that you have to pay for,

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Speaker 3: we're going to take twenty thousand dollars out of your salary.

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Speaker 3: We're going to cut your salary a bout twenty five

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Speaker 3: percent for the year. So you know what I'm saying.

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Speaker 3: So now it's like no overtime paid, all types of thing.

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Speaker 3: So now it's like, okay, you have a financial incentive

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Speaker 3: put in place not to do these things. Right. Another

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Speaker 3: thing that they can do is that they can deduct

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Speaker 3: it from the overall police budget, which will lower the

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Speaker 3: police budget, which that hurts them. Right. Another thing that

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Speaker 3: they can do that I just thought about is I

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Speaker 3: don't understand why cops don't have E and O insurance,

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Speaker 3: Like there's millions of cops all across the country from

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Speaker 3: every persent, from doctors, financial advisors. Doctors pay so much

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Speaker 3: money in malpractice insurance, so much money. Like a doctor

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Speaker 3: might pay thirty thousand dollars a year in malpractice insurance.

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Speaker 3: He might not ever do anything wrong, but that's the

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Speaker 3: cost of being a doctor, because when a doctor does

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Speaker 3: do something wrong, it's all pulled together. Just like a

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Speaker 3: financial advisor has E and O insurance, which stands for

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Speaker 3: Arizonal Mission insurance. So the financial advisor might not do

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Speaker 3: anything wrong his whole entire career, but if something happens

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Speaker 3: and you know, a complaint is fouled, then they have

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Speaker 3: E and O insurance, which every financial advisor has to

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Speaker 3: carry E and know insurance. Right. So, now, like any

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Speaker 3: other type of insurance, you got millions of people putting

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Speaker 3: it towards the pot it comes out of that. So

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Speaker 3: why can't cops have E and O insurance? Two hundred

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Speaker 3: dollars out of every single cops paycheck has to go

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Speaker 3: to E ANDO malpractice whatever you want to call it insurance.

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Speaker 3: So now you've taken two hundred dollars a paycheck out

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Speaker 3: of millions of cops paychecks that alone could probably pay

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Speaker 3: for at least half of these police brutality case. More

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Speaker 3: than that, it's gonna come out of yacht like you just.

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Speaker 4: Because what you said is so important that it'll be

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Speaker 4: more than that. Right, Because we're not talking about every

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Speaker 4: city in America. We're talking about over over populated cities

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Speaker 4: with police presence, right, So if there's a large police

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Speaker 4: presence in that city, then these things are more likely

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Speaker 4: to happen. And where those things happen in the cities

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Speaker 4: that there are predominantly people that look like myself and

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Speaker 4: shotting straight up.

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Speaker 3: Yeah, and when you're talking about voting once again, you're

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Speaker 3: talking about voting, that's important. You have to It's not

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Speaker 3: good enough just to vote. It's not good enough just

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Speaker 3: to you have to enact real policy change, like these

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Speaker 3: are real policy changes.

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Speaker 4: Before they can even vote, right, Like, I know, everybody,

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Speaker 4: this is a year that the census has come out.

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Speaker 4: You have to fill that out, y'all, Like you've got

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Speaker 4: to fill that out. Fill out the census. Let them

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Speaker 4: know who you are, so then you can actually vote

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Speaker 4: and actually get elected officials in positions who have your

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Speaker 4: best interest in mind. Man, people, I've seen people with this.

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Speaker 4: It's like, I got my senses whatever, what is that?

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Speaker 4: I don't know do with that.

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Speaker 3: Another thing is that it could it could be legislation

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Speaker 3: put in place where no financial institution can benefit. And

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Speaker 3: if they are going to issue bonds, it has to

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Speaker 3: be zero percent interest. That's the way. It's really no

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Speaker 3: incentive for them to not make your money. You're not

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Speaker 3: going to issue a bond if it's zero percent interest.

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Speaker 3: So it's gonna be extremely harder because now it's just easy, like,

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Speaker 3: all right, we get in trouble, we go to Wells Fargo.

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Speaker 3: They're gonna cut us a check. We're gonna pay it back.

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Speaker 3: It's not coming from us, it's coming from taxpayers anyway.

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Speaker 3: So who cares? Well Fargo doesn't care because they're making money.

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Speaker 3: The police department doesn't care because it's coming from the taxpayers.

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Speaker 3: The only one that's that's brought in this bill is taxpayers.

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Speaker 3: So not only a taxpayer is paying a salary of cops,

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Speaker 3: they're paying for the mistakes of cops as well.

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Speaker 4: Yeah, on a daily basis. And like that's the part

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Speaker 4: that people really got to understand. Like if you're paying taxes, yeah,

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Speaker 4: it's cool, Like all right, we're paying for schools, but yeah,

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Speaker 4: you're also playing for misconduct straight up.

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Speaker 3: That's a fact, man. So you know, it's it's it's

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Speaker 3: it's a it's a crazy system. We can go on

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Speaker 3: and on about this, but like I said, and it's

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Speaker 3: like for those that are saying, like we can't vote,

432
00:21:28,760 --> 00:21:30,639
Speaker 3: I'm not saying I'm not we shouldn't vote. I'm not

433
00:21:30,640 --> 00:21:32,720
Speaker 3: telling anybody what to do politically. We're not We're not

434
00:21:32,760 --> 00:21:35,520
Speaker 3: a political show. I'm just saying, as far as instead

435
00:21:35,520 --> 00:21:38,480
Speaker 3: of just giving you problems, these are some real life

436
00:21:38,480 --> 00:21:40,520
Speaker 3: solutions that you can now how you go about it,

437
00:21:40,520 --> 00:21:42,600
Speaker 3: it's up to you. Like I said, we provide the

438
00:21:42,640 --> 00:21:45,960
Speaker 3: information applications on you. You know, if you're a young leader,

439
00:21:46,000 --> 00:21:48,240
Speaker 3: if you're an old leader, and if you you it

440
00:21:48,400 --> 00:21:52,800
Speaker 3: sparked something. Whether it's through community mobilization, whether it's through

441
00:21:52,800 --> 00:21:56,440
Speaker 3: boycotts to these or these institutions, that's that issue, these bonds,

442
00:21:56,760 --> 00:22:00,200
Speaker 3: whether it's through political action, that can be the maid

443
00:22:00,240 --> 00:22:03,080
Speaker 3: it for a different day, a different show. But you know,

444
00:22:03,160 --> 00:22:06,240
Speaker 3: the first thing is to be aware of what's going on.

445
00:22:06,359 --> 00:22:08,359
Speaker 4: So we went over that like all last week. We

446
00:22:08,440 --> 00:22:10,720
Speaker 4: just kept saying that over and over. Everybody's like, knowledge power.

447
00:22:10,760 --> 00:22:12,879
Speaker 4: The more you know, the more you know. Yo. The

448
00:22:12,920 --> 00:22:15,360
Speaker 4: real issue is that knowledge is power when it's applied.

449
00:22:15,400 --> 00:22:17,159
Speaker 4: So now that you have the knowledge, we've provided some

450
00:22:17,240 --> 00:22:19,439
Speaker 4: knowledge for you, hopefully we peel back some layers that

451
00:22:19,480 --> 00:22:22,080
Speaker 4: you were unaware of. Now it's up to you. Now

452
00:22:22,119 --> 00:22:23,480
Speaker 4: what what do you do with this? What do you

453
00:22:23,520 --> 00:22:24,840
Speaker 4: do with you got Where do you apply it?

454
00:22:25,400 --> 00:22:27,480
Speaker 3: That's the fact. So in the next segment, we're gonna

455
00:22:27,520 --> 00:22:29,960
Speaker 3: go we're gonna switch topics, but stay in the same lane,

456
00:22:30,080 --> 00:22:32,959
Speaker 3: and we're gonna talk about investing. We're talking about making money,

457
00:22:33,200 --> 00:22:35,480
Speaker 3: but from a different twist. So yeah, yeah, let's get

458
00:22:35,480 --> 00:22:38,480
Speaker 3: into it, all right. So now we're gonna go into investing.

459
00:22:38,520 --> 00:22:41,000
Speaker 3: That's what that's what we you know, people always tune

460
00:22:41,040 --> 00:22:47,480
Speaker 3: into shots Market Monday's number one stocks you whole a

461
00:22:47,520 --> 00:22:49,640
Speaker 3: whole vibe. Shout out to wall she traff of bro.

462
00:22:50,359 --> 00:22:52,800
Speaker 3: Shout out to everybody that we had on the show

463
00:22:52,840 --> 00:22:55,480
Speaker 3: to talk about investing. Shout out to Quentin Martin the

464
00:22:55,520 --> 00:22:57,920
Speaker 3: first stock market show up we've ever done, and that

465
00:22:58,040 --> 00:23:00,399
Speaker 3: was over year ago. So we talked about it investing

466
00:23:00,440 --> 00:23:02,639
Speaker 3: a lot, right, But it's just like now we're in

467
00:23:02,640 --> 00:23:05,560
Speaker 3: the time of being socially conscious. We're in the time

468
00:23:05,600 --> 00:23:09,080
Speaker 3: of actually you know, and it does everybody's not socially conscious,

469
00:23:09,119 --> 00:23:10,320
Speaker 3: but I'm just saying as far as a lot of

470
00:23:10,320 --> 00:23:12,919
Speaker 3: people are starting to become socially conscious. So a lot

471
00:23:12,960 --> 00:23:15,440
Speaker 3: of people grapple because we do. We did a show

472
00:23:15,520 --> 00:23:17,720
Speaker 3: last week shout to my song about you know the

473
00:23:17,760 --> 00:23:19,960
Speaker 3: prison system ye, and it's like, I you know what

474
00:23:20,000 --> 00:23:22,959
Speaker 3: I mean, Like I don't feel comfortable investing in companies

475
00:23:22,960 --> 00:23:24,920
Speaker 3: that are invested in prison or it's like now it's

476
00:23:25,000 --> 00:23:27,199
Speaker 3: police brutality and you find out there's a whole financial

477
00:23:27,280 --> 00:23:27,919
Speaker 3: play behind that.

478
00:23:28,000 --> 00:23:29,679
Speaker 4: I think I think that was Sode open the doors

479
00:23:29,680 --> 00:23:31,240
Speaker 4: because like a lot of people didn't even realize that.

480
00:23:31,240 --> 00:23:32,600
Speaker 4: And shout out to my song because I see him

481
00:23:32,600 --> 00:23:35,359
Speaker 4: on the field. Uh, And he was in Kentucky with

482
00:23:35,400 --> 00:23:39,120
Speaker 4: the Breonna Taylor case and now he's in Minnesota with

483
00:23:39,280 --> 00:23:41,280
Speaker 4: the George Floyd case too. So shout out to my

484
00:23:41,320 --> 00:23:42,639
Speaker 4: song who's doing incredible work.

485
00:23:43,200 --> 00:23:46,080
Speaker 3: Shout out to my song for sure. So all right,

486
00:23:46,640 --> 00:23:48,520
Speaker 3: one thing that we have not talked about so far

487
00:23:48,560 --> 00:23:52,359
Speaker 3: in the podcast is socially responsible investing.

488
00:23:52,480 --> 00:23:53,960
Speaker 4: That's all right, yeah.

489
00:23:53,960 --> 00:23:57,720
Speaker 3: Socially responsible investing. So this is an interesting conversation because

490
00:23:57,960 --> 00:24:00,520
Speaker 3: it's actually a really big thing and it's been around

491
00:24:00,520 --> 00:24:03,080
Speaker 3: for a very long period of time. But so there

492
00:24:03,119 --> 00:24:08,439
Speaker 3: are investors right that have social hangups about different things,

493
00:24:08,600 --> 00:24:12,720
Speaker 3: whether it be about the environment, whether it be about tobacco,

494
00:24:13,200 --> 00:24:16,800
Speaker 3: whether it be about gambling, whether it be about war

495
00:24:17,359 --> 00:24:22,119
Speaker 3: than another one, weapons of mass destruction, prison companies that

496
00:24:22,920 --> 00:24:25,600
Speaker 3: benefit off of prison health and health care.

497
00:24:25,560 --> 00:24:29,439
Speaker 4: Anybody invested in tobacco. This episode is brought to you

498
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524
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543
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544
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Speaker 3: Alcohol, women, a bunch of different things that people. So

545
00:27:21,760 --> 00:27:23,080
Speaker 3: it's like a lot of times just like you know,

546
00:27:23,200 --> 00:27:25,560
Speaker 3: some people and I'm not taking aside either way. Some

547
00:27:25,600 --> 00:27:27,240
Speaker 3: people's like, you know, I'm gonna invest and just get

548
00:27:27,280 --> 00:27:29,640
Speaker 3: my bread, get my money, and it is what it is.

549
00:27:29,920 --> 00:27:32,120
Speaker 3: And then some people was like, you know, I kind

550
00:27:32,119 --> 00:27:35,239
Speaker 3: of want to still invest make money. I believe in that,

551
00:27:35,880 --> 00:27:39,360
Speaker 3: but I still have some moral issues.

552
00:27:39,480 --> 00:27:41,040
Speaker 4: Your moral compass is going on that I.

553
00:27:40,960 --> 00:27:43,600
Speaker 3: Don't necessarily want to invest in certain companies.

554
00:27:44,560 --> 00:27:45,120
Speaker 4: So that's fair.

555
00:27:45,280 --> 00:27:48,399
Speaker 3: Yeah, No, that's fair. I'm not saying it's not so

556
00:27:50,200 --> 00:27:54,200
Speaker 3: for that. They're actually funds. There's actually funds, now, guy,

557
00:27:54,200 --> 00:27:55,840
Speaker 3: I said that financial and when you start to learn

558
00:27:55,880 --> 00:27:57,960
Speaker 3: about more abile everything, it's something it's like ice cream

559
00:27:58,080 --> 00:28:00,400
Speaker 3: is a different flavor for every single person. So there's

560
00:28:00,440 --> 00:28:05,000
Speaker 3: actually funds, ETFs and mutual funds in place to four

561
00:28:06,080 --> 00:28:08,360
Speaker 3: socially conscious investors.

562
00:28:08,400 --> 00:28:09,679
Speaker 4: Yeah. I had to pull back the layers on this

563
00:28:09,720 --> 00:28:11,639
Speaker 4: because I was like, what you texted to me, I'm like,

564
00:28:11,920 --> 00:28:14,200
Speaker 4: I never heard of it. Let's do some research.

565
00:28:14,560 --> 00:28:18,600
Speaker 3: Yeah, for sure. So you know there's there's a few

566
00:28:18,640 --> 00:28:23,360
Speaker 3: like I said, so those are the different topics like environment, gambling, tobacco, alcohol, prison,

567
00:28:23,800 --> 00:28:27,479
Speaker 3: social justice, and religion. That's a whole different conversation. We're

568
00:28:27,520 --> 00:28:29,440
Speaker 3: gonna talk about that. But so just to kind of

569
00:28:29,480 --> 00:28:35,359
Speaker 3: give you a few, there's esgu esgu Is an ETF,

570
00:28:35,480 --> 00:28:40,880
Speaker 3: a socially conscious ETF that does not invest in any

571
00:28:40,960 --> 00:28:48,360
Speaker 3: company that has anything to do with weapons, tobacco, jails,

572
00:28:48,400 --> 00:28:51,800
Speaker 3: even though they actually did have a private prison in

573
00:28:51,840 --> 00:28:54,560
Speaker 3: their ETF and then they found out and there was

574
00:28:54,560 --> 00:28:56,240
Speaker 3: a mistake and they kicked it off. So it's like

575
00:28:56,280 --> 00:28:58,680
Speaker 3: even that, it's like, you know, you find out, you

576
00:28:58,720 --> 00:29:01,480
Speaker 3: try to get the kosher hot door, yea, the moral police,

577
00:29:01,720 --> 00:29:04,240
Speaker 3: it was made in a pig slaughtering house. It's like

578
00:29:04,360 --> 00:29:07,479
Speaker 3: it's so crazy, but so yeah, but yeah, that's a ETF,

579
00:29:07,480 --> 00:29:10,600
Speaker 3: and that ETF has actually done pretty well, you know,

580
00:29:10,680 --> 00:29:13,040
Speaker 3: considering because a lot of a lot of times it's

581
00:29:13,200 --> 00:29:15,840
Speaker 3: the performance of these things aren't as high as other ones,

582
00:29:16,240 --> 00:29:19,240
Speaker 3: but that one has done pretty well. It's fifty two

583
00:29:19,320 --> 00:29:23,760
Speaker 3: week high is uh seventy five dollars, and it's fifty

584
00:29:23,760 --> 00:29:25,640
Speaker 3: two week low was forty dollars a month ago. So

585
00:29:25,680 --> 00:29:27,880
Speaker 3: in March it was forty dollars right now with sixty eight,

586
00:29:28,160 --> 00:29:31,120
Speaker 3: so it's it's it's up pretty nicely in a two

587
00:29:31,160 --> 00:29:34,720
Speaker 3: in a two month timeframe. Another one is s sg A,

588
00:29:35,240 --> 00:29:38,920
Speaker 3: which is a women diversity ETF and like investing companies

589
00:29:38,960 --> 00:29:42,400
Speaker 3: that hire majority women or have women CEO. It's like

590
00:29:42,680 --> 00:29:46,920
Speaker 3: it's focused around women. Here's another one called c r

591
00:29:47,200 --> 00:29:51,920
Speaker 3: b N, which is a low carbon Environmental friendly ETF.

592
00:29:52,200 --> 00:29:54,200
Speaker 3: So there's there's a variety. Like you can just google

593
00:29:54,480 --> 00:29:57,640
Speaker 3: socially conscious funds and like kind of just play around

594
00:29:57,640 --> 00:29:59,400
Speaker 3: with it in different filters and you can see, like

595
00:29:59,440 --> 00:30:01,680
Speaker 3: you know, what kind of fun you're looking for, you know,

596
00:30:01,720 --> 00:30:02,280
Speaker 3: with the situation.

597
00:30:02,320 --> 00:30:04,680
Speaker 4: It's interesting, man, it's interest because I'm thinking to myself,

598
00:30:04,720 --> 00:30:07,160
Speaker 4: like how many investors right are not willing to compromise

599
00:30:07,240 --> 00:30:11,000
Speaker 4: their values to make money? And when I think of investors,

600
00:30:11,040 --> 00:30:12,720
Speaker 4: I'm like, you know what, I think the more the

601
00:30:12,760 --> 00:30:14,880
Speaker 4: moral thing is like they just want to make money. Yeah,

602
00:30:14,880 --> 00:30:16,160
Speaker 4: they don't put everything else. I think.

603
00:30:16,200 --> 00:30:19,360
Speaker 3: I think, you know, people and myself included. You know,

604
00:30:19,400 --> 00:30:25,440
Speaker 3: I'm not preaching from the choir. We conveniently get blind, right,

605
00:30:25,640 --> 00:30:27,760
Speaker 3: conveniently get blind because it's like, you know what I'm saying,

606
00:30:27,800 --> 00:30:31,600
Speaker 3: Like you might see something, it's like, it's not that bad.

607
00:30:32,000 --> 00:30:34,920
Speaker 4: It's like like if you were anti war, right, and

608
00:30:34,960 --> 00:30:38,080
Speaker 4: it was like, yeah, bone was at ninety seven dollars, right,

609
00:30:38,120 --> 00:30:39,840
Speaker 4: But I don't want to invest in any company that

610
00:30:39,960 --> 00:30:42,520
Speaker 4: has deals with any making machines or any type of

611
00:30:42,560 --> 00:30:46,000
Speaker 4: thing that can help in the development of weapons of

612
00:30:46,040 --> 00:30:49,680
Speaker 4: mass destruction or helping war. There goes that moral It's like, wait,

613
00:30:49,680 --> 00:30:51,440
Speaker 4: well this is a good buy, right this, this is

614
00:30:51,440 --> 00:30:54,080
Speaker 4: a good buy at ninety seven dollars. Is it worth it?

615
00:30:54,120 --> 00:30:55,880
Speaker 4: You know what I'm saying, Like, I think most people

616
00:30:55,880 --> 00:30:57,000
Speaker 4: are thinking, let's just make money.

617
00:30:57,040 --> 00:30:59,560
Speaker 3: Oh, they just don't really think about it. Thinking about

618
00:30:59,600 --> 00:31:02,680
Speaker 3: it from that standpoint, it's like, yeah, you know Boeing

619
00:31:02,720 --> 00:31:09,240
Speaker 3: has government contracts. Are you thinking that maybe that government

620
00:31:09,440 --> 00:31:12,480
Speaker 3: plane is sending a drone and killing an innocent child

621
00:31:12,480 --> 00:31:14,440
Speaker 3: in Syria? You're not really looking too far into it.

622
00:31:15,520 --> 00:31:20,600
Speaker 3: You could. It's available, It's a lot, it's a lot easier.

623
00:31:23,040 --> 00:31:26,600
Speaker 3: This is what happens in a variety of different things.

624
00:31:27,240 --> 00:31:29,720
Speaker 3: You don't you don't want to see certain things. Like

625
00:31:29,760 --> 00:31:32,360
Speaker 3: you you're walking down the alley, you see what's going on,

626
00:31:33,040 --> 00:31:34,880
Speaker 3: you turn your you turn around. You walked out of the.

627
00:31:34,880 --> 00:31:37,920
Speaker 4: Way a lot of times, most of the time, most

628
00:31:37,960 --> 00:31:39,520
Speaker 4: of the time, safety a lot of time.

629
00:31:39,560 --> 00:31:41,640
Speaker 3: And like I said, I'm not here to shame, We're

630
00:31:41,680 --> 00:31:45,120
Speaker 3: not here to shame anybody. But but I'm just saying,

631
00:31:45,120 --> 00:31:47,440
Speaker 3: I'm just you just want to provide some information for

632
00:31:47,640 --> 00:31:51,920
Speaker 3: some people that may want to take a higher level

633
00:31:52,640 --> 00:31:57,320
Speaker 3: of morality in that and that standpoint, and may want

634
00:31:57,360 --> 00:32:02,040
Speaker 3: to take a higher level of eating out their investments.

635
00:32:02,080 --> 00:32:02,520
Speaker 3: Just give them.

636
00:32:02,520 --> 00:32:02,920
Speaker 4: Just give them.

637
00:32:03,160 --> 00:32:05,160
Speaker 3: That's the thing we're we just hate it. Just provide information.

638
00:32:05,240 --> 00:32:06,680
Speaker 3: A lot of time people don't fully understand that, and

639
00:32:06,680 --> 00:32:08,840
Speaker 3: they don't they don't they don't even know that.

640
00:32:08,880 --> 00:32:11,800
Speaker 4: It exists exactly. So it's like a lot of people

641
00:32:11,800 --> 00:32:14,200
Speaker 4: in this I guess the quote unquote woke stage right.

642
00:32:14,240 --> 00:32:16,880
Speaker 4: So it's like, yo, if you're woke, let it be

643
00:32:16,920 --> 00:32:18,760
Speaker 4: in all assets of your life, right, not just in

644
00:32:18,840 --> 00:32:20,680
Speaker 4: your individual things that you're doing on day to day,

645
00:32:20,680 --> 00:32:22,800
Speaker 4: but even in investment. And this is one of those things,

646
00:32:22,840 --> 00:32:25,040
Speaker 4: like like you said, prior to this, I wasn't thinking

647
00:32:25,080 --> 00:32:27,000
Speaker 4: about it. I had no idea, you know what I mean.

648
00:32:27,160 --> 00:32:30,280
Speaker 3: It's so but then that brings it to another conversation

649
00:32:31,000 --> 00:32:32,960
Speaker 3: we talked to Chokin shout out to Mice on last

650
00:32:32,960 --> 00:32:36,400
Speaker 3: week's episode was about the prison system. We didn't fully

651
00:32:36,400 --> 00:32:40,560
Speaker 3: go into the finances of publicly traded companies, but so

652
00:32:41,160 --> 00:32:46,680
Speaker 3: there's prison stocks, like private prison companies that are traded

653
00:32:46,760 --> 00:32:50,760
Speaker 3: on the Stock exchange. So a few of them are Courcivic,

654
00:32:50,800 --> 00:32:54,560
Speaker 3: which is c x W and g O Group which

655
00:32:54,600 --> 00:32:56,920
Speaker 3: is g E. Oh that's their that's their symbol.

656
00:32:56,960 --> 00:32:59,120
Speaker 4: The crazy thing about cour Civic and this is crazy

657
00:32:59,160 --> 00:33:01,040
Speaker 4: that you said that we even speak about this, but

658
00:33:01,320 --> 00:33:03,000
Speaker 4: dal Freeman shout out to Daala Feman. If you don't

659
00:33:03,000 --> 00:33:05,520
Speaker 4: know Daalk Freeman, google him. I tell you his background.

660
00:33:05,520 --> 00:33:08,400
Speaker 4: But a very a very successful man in the world

661
00:33:08,480 --> 00:33:12,040
Speaker 4: of technology. Uh. He called me, he said, y'all loved

662
00:33:12,040 --> 00:33:15,520
Speaker 4: that episode, the actual the CEO of course if it

663
00:33:15,640 --> 00:33:16,440
Speaker 4: is my next door neighbor.

664
00:33:16,840 --> 00:33:17,280
Speaker 3: Oh yeah.

665
00:33:17,600 --> 00:33:19,560
Speaker 4: He was like, Yo, it's a big business and I'm

666
00:33:19,560 --> 00:33:20,240
Speaker 4: glad y'all talked to you.

667
00:33:20,320 --> 00:33:21,400
Speaker 3: He love episode.

668
00:33:21,440 --> 00:33:24,920
Speaker 4: Yep, loved it. Sent me the message and I was like, wow,

669
00:33:25,160 --> 00:33:27,200
Speaker 4: that's incredible. He was like, Yo, it's a big business.

670
00:33:27,280 --> 00:33:29,600
Speaker 4: It's a city. Literally. You got to think of these prisons,

671
00:33:29,640 --> 00:33:32,320
Speaker 4: these private business as cities. They need everything that a

672
00:33:32,360 --> 00:33:34,520
Speaker 4: city needs. And when you look at it like that.

673
00:33:34,640 --> 00:33:37,520
Speaker 4: It's like, damn, he's right. Yeah, and his next door

674
00:33:37,560 --> 00:33:39,360
Speaker 4: neighbor is the guy who is in charge of that.

675
00:33:39,680 --> 00:33:42,200
Speaker 3: Well, there you have it. So yeah, those are two

676
00:33:42,240 --> 00:33:43,280
Speaker 3: private prison companies.

677
00:33:43,360 --> 00:33:43,479
Speaker 4: Now.

678
00:33:43,480 --> 00:33:46,200
Speaker 3: The crazy thing about those stocks, so it's been even

679
00:33:46,280 --> 00:33:49,120
Speaker 3: on the episode, my song had said that private prison

680
00:33:49,160 --> 00:33:52,400
Speaker 3: stocks skyrocketed after Trump got elected. That is true. Both

681
00:33:52,440 --> 00:33:54,080
Speaker 3: of those companies I think went up over one hundred

682
00:33:54,120 --> 00:33:57,640
Speaker 3: percent in a year following Crump's election. But they've actually

683
00:33:57,720 --> 00:34:00,840
Speaker 3: been down for the last like three year and four

684
00:34:01,080 --> 00:34:03,800
Speaker 3: Like their five year chart is not really impressive, which

685
00:34:03,840 --> 00:34:06,479
Speaker 3: is a good thing. I mean, you know, but just

686
00:34:06,480 --> 00:34:08,200
Speaker 3: wanted to throw that out there. We have to tell

687
00:34:08,239 --> 00:34:11,600
Speaker 3: both sides of the story. So as an investment, they

688
00:34:11,640 --> 00:34:14,160
Speaker 3: haven't really they're not booming. They're not booming right now.

689
00:34:14,080 --> 00:34:16,120
Speaker 4: Which is good, which is good, which means that there's

690
00:34:16,160 --> 00:34:17,720
Speaker 4: less people going to prison.

691
00:34:17,840 --> 00:34:19,800
Speaker 3: Well I don't know if there's less people going to prison.

692
00:34:19,880 --> 00:34:22,640
Speaker 3: But for whatever reason, the stock is just not doing well.

693
00:34:22,719 --> 00:34:24,279
Speaker 3: There could be a variety of different reasons why this

694
00:34:24,400 --> 00:34:28,040
Speaker 3: stock isn't doing well, but the stock has not really performed.

695
00:34:29,040 --> 00:34:30,920
Speaker 3: But what a lot of people don't fully understand is

696
00:34:30,960 --> 00:34:35,640
Speaker 3: that a lot of people are invested, and especially cor Civic.

697
00:34:35,719 --> 00:34:38,440
Speaker 3: Up until last year at the very least, a lot

698
00:34:38,520 --> 00:34:41,080
Speaker 3: of people are invested in cor Civic without even knowing

699
00:34:41,080 --> 00:34:46,160
Speaker 3: it because through your four to one K, through your IRA,

700
00:34:46,520 --> 00:34:50,320
Speaker 3: through your pension plan. So Vanguard and Blackrock were the

701
00:34:50,400 --> 00:34:54,640
Speaker 3: two biggest holders I think they still are of private

702
00:34:55,040 --> 00:35:00,520
Speaker 3: prisons stocks. Black Rock Vanguard two of the biggest mutual

703
00:35:00,520 --> 00:35:04,400
Speaker 3: fund companies. Everybody loves Vanguard because they have you know,

704
00:35:04,480 --> 00:35:06,160
Speaker 3: it's what I'm saying, it's a lot of talk about

705
00:35:06,239 --> 00:35:08,040
Speaker 3: it's a lot of them right and wrong in life. Right.

706
00:35:08,120 --> 00:35:10,399
Speaker 3: People love Vanguard because it's like it's a no load

707
00:35:10,480 --> 00:35:13,680
Speaker 3: fund and it's pretty much free to invest, and it's

708
00:35:13,680 --> 00:35:17,280
Speaker 3: it's cheap, and they're the biggest hold of prison stocks.

709
00:35:17,440 --> 00:35:21,239
Speaker 3: By the way, they also have a lot of four

710
00:35:21,320 --> 00:35:23,319
Speaker 3: one K accounts. Black Rock has a lot of four

711
00:35:23,400 --> 00:35:27,920
Speaker 3: one K accounts, right, So cour Civic, c XW was

712
00:35:27,920 --> 00:35:30,279
Speaker 3: in a lot of these, probably still are, and a

713
00:35:30,280 --> 00:35:32,719
Speaker 3: lot of these four one K makeups because when you

714
00:35:32,719 --> 00:35:34,359
Speaker 3: invest in a four one K, nobody knows what they're

715
00:35:34,360 --> 00:35:38,839
Speaker 3: invested in. The four one K you have probably three

716
00:35:38,960 --> 00:35:40,480
Speaker 3: Like four one K is like a menu and they

717
00:35:40,480 --> 00:35:42,400
Speaker 3: give you like twenty different options of how to invest, right,

718
00:35:42,520 --> 00:35:45,440
Speaker 3: twenty different funds. Now, within one fund, it's like one

719
00:35:45,520 --> 00:35:48,319
Speaker 3: hundred different stocks inside of a fund. So if you

720
00:35:48,360 --> 00:35:50,560
Speaker 3: have like three different funds, you have like three hundred

721
00:35:50,600 --> 00:35:52,680
Speaker 3: different stocks inside of your fall one K that you're

722
00:35:52,680 --> 00:35:53,080
Speaker 3: invested in.

723
00:35:53,280 --> 00:35:54,520
Speaker 4: You doing research on all of them.

724
00:35:54,600 --> 00:35:58,120
Speaker 3: Now, I guarantee you nobody knows any of those companies.

725
00:35:58,719 --> 00:36:01,560
Speaker 3: Nobody knows any of those companies, right because you never acts.

726
00:36:02,360 --> 00:36:04,279
Speaker 3: It's not like just listed as soon as when you're

727
00:36:04,719 --> 00:36:06,040
Speaker 3: they just tell you the name of the company. So

728
00:36:06,120 --> 00:36:10,920
Speaker 3: it'll be like Vanguard twenty twenty fund or Vanguard High

729
00:36:11,040 --> 00:36:17,120
Speaker 3: Interest bond fund or Vanguard small Cap Value fund. Right,

730
00:36:17,800 --> 00:36:20,480
Speaker 3: that's the name of the fund. But inside of the

731
00:36:20,560 --> 00:36:23,920
Speaker 3: small cap value fund, it's about one hundred and forty

732
00:36:24,000 --> 00:36:25,400
Speaker 3: different stocks.

733
00:36:25,880 --> 00:36:27,839
Speaker 4: And that's when you get that big pamphlet that comes

734
00:36:27,880 --> 00:36:30,760
Speaker 4: to your house like that probably nobody ever goes through. Yeah,

735
00:36:30,800 --> 00:36:32,320
Speaker 4: and there's a bunch of these stocks and you're like,

736
00:36:32,360 --> 00:36:35,400
Speaker 4: all right, well did I make money or that? Pretty

737
00:36:35,440 --> 00:36:37,799
Speaker 4: much pretty much you know what I'm saying. Nobody's individually

738
00:36:38,160 --> 00:36:40,799
Speaker 4: looking into one hundred and forty different stocks and then

739
00:36:40,880 --> 00:36:44,319
Speaker 4: actually researching those stocks to see if they align with

740
00:36:44,360 --> 00:36:46,320
Speaker 4: their values and moralities. This is not happening.

741
00:36:46,760 --> 00:36:50,000
Speaker 3: No, it's not. But you can't say that you didn't

742
00:36:50,000 --> 00:36:53,600
Speaker 3: know at least because we told you. So you know,

743
00:36:53,800 --> 00:36:57,200
Speaker 3: if you're interested in it, you can do some further research.

744
00:36:57,280 --> 00:36:59,120
Speaker 3: But so, just want to talk about the prison thing,

745
00:36:59,160 --> 00:37:00,680
Speaker 3: because we did speak about the last week.

746
00:37:00,600 --> 00:37:04,239
Speaker 4: And it's some other things to know about these srs.

747
00:37:04,440 --> 00:37:07,880
Speaker 4: They tend to have a higher fee than regular funds,

748
00:37:08,000 --> 00:37:10,120
Speaker 4: and so I was like, what doesn't make sense. Why, Well,

749
00:37:10,480 --> 00:37:13,520
Speaker 4: the mutual fund has the person who's providing the fund

750
00:37:13,719 --> 00:37:16,279
Speaker 4: actually has to do more research. So there's more work

751
00:37:16,320 --> 00:37:18,400
Speaker 4: that the person has to do. Right, if they're gonna

752
00:37:18,440 --> 00:37:21,040
Speaker 4: do things that match your core values and your moralities,

753
00:37:21,280 --> 00:37:24,439
Speaker 4: it's like they have to find ethnical things that will

754
00:37:24,440 --> 00:37:26,320
Speaker 4: work for you. So there's a little bit more research.

755
00:37:26,480 --> 00:37:28,080
Speaker 4: So the fees tend to be a little bit higher.

756
00:37:28,280 --> 00:37:30,799
Speaker 4: And there's a site that you can go if you're

757
00:37:30,840 --> 00:37:34,800
Speaker 4: in social responsible investing. Social funds dot com is the website,

758
00:37:34,960 --> 00:37:37,000
Speaker 4: so you can go research on yourself. So that that's

759
00:37:37,120 --> 00:37:39,200
Speaker 4: one thing that you should do. Obviously, do the research

760
00:37:39,320 --> 00:37:41,359
Speaker 4: and then know your values. A lot of people don't

761
00:37:41,400 --> 00:37:43,480
Speaker 4: know their own values, so like when they're trying to invest.

762
00:37:43,480 --> 00:37:45,640
Speaker 4: It's like, well, I believe there's know your own values

763
00:37:45,640 --> 00:37:47,360
Speaker 4: before you're going to go into this type of fund.

764
00:37:47,440 --> 00:37:49,840
Speaker 4: All right, so do the research. I just gave you

765
00:37:49,880 --> 00:37:51,959
Speaker 4: the website. And another thing is a lot of times

766
00:37:51,960 --> 00:37:56,160
Speaker 4: and we've said this website again social funds dot com.

767
00:37:56,239 --> 00:37:58,000
Speaker 4: So you can go there on your own leisure and

768
00:37:58,520 --> 00:38:00,600
Speaker 4: do some research there. But one of the things that

769
00:38:00,800 --> 00:38:02,919
Speaker 4: it brought to my mind is like we talk about

770
00:38:02,960 --> 00:38:06,160
Speaker 4: diversifying when we're investing, right, but like this type of

771
00:38:06,160 --> 00:38:08,239
Speaker 4: fund doesn't It kind of doesn't allow you to do that, right,

772
00:38:08,239 --> 00:38:12,000
Speaker 4: because if you're aligning everything with your values, isn't everything

773
00:38:12,080 --> 00:38:13,160
Speaker 4: kind of going to be the same if you.

774
00:38:13,280 --> 00:38:15,720
Speaker 3: No, No, you can invest in a variety of different companies

775
00:38:15,760 --> 00:38:19,680
Speaker 3: that don't that still align with your values, Like you

776
00:38:19,680 --> 00:38:21,840
Speaker 3: know what I'm saying, could be different industries. Like it's just

777
00:38:21,920 --> 00:38:23,920
Speaker 3: it's just harder, like you said, because it's like you've

778
00:38:23,960 --> 00:38:27,239
Speaker 3: really got to go through every single fine come because

779
00:38:27,280 --> 00:38:29,440
Speaker 3: it's like, all right, you're invested in a tech company,

780
00:38:29,719 --> 00:38:35,239
Speaker 3: but is this tech company providing software for weapons of

781
00:38:35,280 --> 00:38:39,480
Speaker 3: mass destruction? So now it's just so much more intensive

782
00:38:39,520 --> 00:38:42,000
Speaker 3: research that you have to do which is the fund

783
00:38:42,080 --> 00:38:44,840
Speaker 3: manager's job. But you can still invest in a variety

784
00:38:44,880 --> 00:38:47,239
Speaker 3: like you can invest in tech, you can invest in

785
00:38:48,280 --> 00:38:51,560
Speaker 3: you know, farming, you can invest in financial institutions like

786
00:38:51,600 --> 00:38:54,200
Speaker 3: you can invest in different companies. It's just that those

787
00:38:54,200 --> 00:38:57,560
Speaker 3: different companies have to be in line with what you

788
00:38:57,600 --> 00:38:58,319
Speaker 3: feel comfortable with.

789
00:38:58,320 --> 00:39:01,200
Speaker 4: I would imagine that the these funds are managed by

790
00:39:01,320 --> 00:39:03,839
Speaker 4: very very small companies. This feels like a niche thing

791
00:39:04,200 --> 00:39:07,759
Speaker 4: that like very small companies do. No. Actually, Vanguard has

792
00:39:07,920 --> 00:39:10,640
Speaker 4: well right, right right, you're right, you're right, Kanguard, that's

793
00:39:10,640 --> 00:39:11,160
Speaker 4: a big one.

794
00:39:11,200 --> 00:39:15,400
Speaker 3: So yeah, yeah, But so going to what you just

795
00:39:15,440 --> 00:39:18,880
Speaker 3: said as far as the niche, so there's different layers

796
00:39:18,920 --> 00:39:21,759
Speaker 3: of socially responsible fund as well. Like I said, your legion,

797
00:39:21,840 --> 00:39:23,799
Speaker 3: we just had to provide as much information as we

798
00:39:23,840 --> 00:39:26,480
Speaker 3: possibly can till every because there's so many different types

799
00:39:26,480 --> 00:39:28,760
Speaker 3: of people in this world. So you got the socially

800
00:39:28,800 --> 00:39:31,760
Speaker 3: conscious people that don't want to invest in those things.

801
00:39:32,160 --> 00:39:35,480
Speaker 3: But religion is a huge thing in this world, and

802
00:39:35,560 --> 00:39:39,480
Speaker 3: now you have religious people who can't or do not

803
00:39:39,520 --> 00:39:41,720
Speaker 3: want to invest in certain things because of their religion.

804
00:39:42,520 --> 00:39:46,040
Speaker 3: So now you have funds for that. It's fun for everything.

805
00:39:46,440 --> 00:39:51,400
Speaker 3: So you have Christian funds like Guidestone is a Christian fund,

806
00:39:51,480 --> 00:39:57,800
Speaker 3: and that's dedicated to investing companies that have core Christian values.

807
00:39:58,000 --> 00:40:01,200
Speaker 3: Kind of a vague situation, but you know that's what

808
00:40:01,360 --> 00:40:03,800
Speaker 3: that's designed for. You do some research and kind of

809
00:40:05,000 --> 00:40:11,040
Speaker 3: do you have av Maria which is a Catholic fund.

810
00:40:11,239 --> 00:40:15,040
Speaker 3: There's a few Catholic funds, so av Maria is Rising

811
00:40:15,080 --> 00:40:18,840
Speaker 3: Dividend Fund. That's a that's one of their their popular funds,

812
00:40:19,120 --> 00:40:22,399
Speaker 3: and that's a Catholic fund. So you know, Catholics, they're

813
00:40:23,080 --> 00:40:26,919
Speaker 3: really big on like abortion and a couple other things.

814
00:40:26,920 --> 00:40:29,920
Speaker 3: That's like real sticklers for the Catholic Church. So they

815
00:40:29,960 --> 00:40:35,480
Speaker 3: only invest in companies that align with Catholic values. And

816
00:40:35,560 --> 00:40:39,080
Speaker 3: then so just coming off the month of Ramadan, we

817
00:40:39,239 --> 00:40:42,640
Speaker 3: have a large listenership all over the world and that

818
00:40:42,680 --> 00:40:47,799
Speaker 3: includes America, which is their huge Muslim population. There is

819
00:40:47,800 --> 00:40:51,360
Speaker 3: a huge Muslim population in Africa, huge Muslim population in

820
00:40:51,400 --> 00:40:54,480
Speaker 3: Europe of course the Middle East. So we have to

821
00:40:54,520 --> 00:40:58,239
Speaker 3: say Asalam Malakam to all of the Muslims that that

822
00:40:58,400 --> 00:41:02,439
Speaker 3: tune in. And one thing about Islam is that that's

823
00:41:02,520 --> 00:41:07,520
Speaker 3: actually you know, part of the religion is sharia law.

824
00:41:07,880 --> 00:41:10,279
Speaker 3: Sharia law, so people have a misunderstanding a lot of

825
00:41:10,320 --> 00:41:12,600
Speaker 3: times what Sharia law is. I'm not gonna go into

826
00:41:12,600 --> 00:41:16,080
Speaker 3: a full but part of it is investing. Like there's

827
00:41:16,080 --> 00:41:19,960
Speaker 3: actually guidelines, so it's not really up for like vague interpretation,

828
00:41:20,560 --> 00:41:23,760
Speaker 3: like if you really are a hard line in the religion,

829
00:41:24,280 --> 00:41:27,640
Speaker 3: there's financial guidelines of how you can invest. So like

830
00:41:27,800 --> 00:41:33,279
Speaker 3: interest is outlawed in Muslim countries. So shouts our good

831
00:41:33,320 --> 00:41:36,240
Speaker 3: friends in Egypt, and I was over the house yesterday

832
00:41:36,280 --> 00:41:37,960
Speaker 3: and she was telling me that there's no there's no

833
00:41:38,040 --> 00:41:41,560
Speaker 3: mortgages in Egypt. No mortgages in Egypt. You just buy

834
00:41:41,640 --> 00:41:46,440
Speaker 3: the land. So interests, interest is outlaw. You're not allowed

835
00:41:46,440 --> 00:41:49,640
Speaker 3: to charge anybody interest. That's one thing, right. Of course,

836
00:41:50,080 --> 00:41:52,080
Speaker 3: if you're familiar with the religion, you know that. You

837
00:41:52,120 --> 00:41:57,680
Speaker 3: know alcohol is outlawed a variety of different fact is gambling.

838
00:41:58,280 --> 00:42:02,920
Speaker 3: There's no gambling. Gambling is outlaw. So in Islam you

839
00:42:03,000 --> 00:42:09,160
Speaker 3: have halal in Haram. Haram is forbidden, Halo is allowable.

840
00:42:09,280 --> 00:42:12,359
Speaker 3: That's like deemed okay, so now you.

841
00:42:12,320 --> 00:42:14,920
Speaker 4: Have to actually look that up. That was crazy on

842
00:42:14,960 --> 00:42:16,200
Speaker 4: the Jailtronic album.

843
00:42:16,280 --> 00:42:19,920
Speaker 3: Okay, yeah, so now you have you have halal funds.

844
00:42:20,520 --> 00:42:22,719
Speaker 3: One of the most popular funds is called a man

845
00:42:22,760 --> 00:42:25,000
Speaker 3: of fund. So the a man of fund is a

846
00:42:25,120 --> 00:42:29,000
Speaker 3: mutual fund based around Sharia law which is halal and

847
00:42:29,160 --> 00:42:32,080
Speaker 3: allows Muslims that if you want to, if you want

848
00:42:32,120 --> 00:42:36,600
Speaker 3: to follow those guidelines, that you can actually invest and

849
00:42:36,680 --> 00:42:40,760
Speaker 3: the amount of fund only invest in alal companies meaning

850
00:42:41,239 --> 00:42:45,880
Speaker 3: companies that don't partake in gambling, companies that don't partake

851
00:42:46,480 --> 00:42:51,640
Speaker 3: and interest interest bearing accounts, companies that don't partake in alcohol,

852
00:42:52,280 --> 00:42:55,920
Speaker 3: a variety of other things as well. So that's something

853
00:42:56,080 --> 00:42:58,279
Speaker 3: that is a big play as well, because like I said,

854
00:42:58,320 --> 00:43:01,560
Speaker 3: I mean, no matter what religion you follow, if you're Jewish,

855
00:43:01,719 --> 00:43:04,480
Speaker 3: they have culture funds as well. It's the same thing

856
00:43:04,560 --> 00:43:07,080
Speaker 3: kulshure and alal kind of the same thing as far

857
00:43:07,120 --> 00:43:10,720
Speaker 3: as like the meaning of it, where like Jewish people

858
00:43:11,320 --> 00:43:14,960
Speaker 3: have like if you're a strict hardline Jew, you are

859
00:43:14,960 --> 00:43:18,239
Speaker 3: only really supposed to indulge in kulshure. But culture is

860
00:43:18,280 --> 00:43:18,840
Speaker 3: more than.

861
00:43:18,840 --> 00:43:22,200
Speaker 4: Just food, right, I think that's that's a crazy misconception

862
00:43:22,239 --> 00:43:23,359
Speaker 4: that people only think it's a food.

863
00:43:23,360 --> 00:43:24,759
Speaker 3: Then the same thing with allow, like you see the

864
00:43:24,760 --> 00:43:27,160
Speaker 3: allow guys or the hallowed truck. So people when they

865
00:43:27,480 --> 00:43:29,120
Speaker 3: think about hallo, especially like if you live in New

866
00:43:29,200 --> 00:43:31,800
Speaker 3: York City or like, like you're pretty popular, it's pretty

867
00:43:31,840 --> 00:43:35,399
Speaker 3: popular allowed food and that is a certain way where

868
00:43:35,440 --> 00:43:38,040
Speaker 3: the food the animals like are you know, slaughtered and

869
00:43:38,560 --> 00:43:40,560
Speaker 3: you say a prayer and certain things. The same thing

870
00:43:40,560 --> 00:43:43,359
Speaker 3: with Kolshure. But that's only part of it. So like

871
00:43:43,360 --> 00:43:45,400
Speaker 3: with the culture, that's the only part of it, Like

872
00:43:45,480 --> 00:43:47,839
Speaker 3: you know, as far as like then that's the same

873
00:43:47,960 --> 00:43:51,040
Speaker 3: kind of idea and like I said, that's that's true

874
00:43:51,040 --> 00:43:54,040
Speaker 3: with a variety of different religions where it's like, you know,

875
00:43:54,280 --> 00:43:59,839
Speaker 3: depending on what religion you subscribe to, that might you know,

876
00:44:00,640 --> 00:44:04,080
Speaker 3: have a play in how you choose to invest. So

877
00:44:04,400 --> 00:44:06,200
Speaker 3: those are all things to think about as well.

878
00:44:06,280 --> 00:44:08,399
Speaker 4: I know they listening like yo, damn shitty, sound like

879
00:44:08,440 --> 00:44:11,120
Speaker 4: a history professor. This dude literally studies religion like no

880
00:44:11,280 --> 00:44:14,000
Speaker 4: Joe and anybody that knows has ever had a conversation

881
00:44:14,080 --> 00:44:16,800
Speaker 4: with him, they know, like he loves talking about religion.

882
00:44:17,280 --> 00:44:20,440
Speaker 4: Shout the val who always brings it up. She always

883
00:44:20,480 --> 00:44:22,680
Speaker 4: talks about how you've taught us so much about the world.

884
00:44:22,680 --> 00:44:24,280
Speaker 4: But yeah, I know this is one of your sweet points.

885
00:44:24,280 --> 00:44:26,320
Speaker 3: So history has been my favorite subject since I was

886
00:44:26,360 --> 00:44:28,760
Speaker 3: a little kid. Definitely, I took a history of religion

887
00:44:28,800 --> 00:44:31,040
Speaker 3: class when I was in college, and I never study,

888
00:44:31,120 --> 00:44:33,440
Speaker 3: never got one broken, got an A plus because I

889
00:44:33,560 --> 00:44:36,759
Speaker 3: just already knew so much about religion, all religions. I'm

890
00:44:36,800 --> 00:44:39,120
Speaker 3: just fascinated by, you know. I think it's interesting to

891
00:44:39,200 --> 00:44:46,240
Speaker 3: learn about Christianity, Islam, Judaism, Buddhism, seek. I have friends

892
00:44:46,280 --> 00:44:50,000
Speaker 3: that are all different religions, and you know, for me personally,

893
00:44:50,080 --> 00:44:53,960
Speaker 3: I don't think that there's any one religion that is

894
00:44:54,080 --> 00:44:57,440
Speaker 3: reigned supreme. It's whatever you know, you feel comfortable with.

895
00:44:57,600 --> 00:45:00,279
Speaker 3: I'm not here to judge, but I just, you know,

896
00:45:00,400 --> 00:45:04,240
Speaker 3: I always found religion interesting because I realized how how

897
00:45:04,280 --> 00:45:06,920
Speaker 3: touchy it is, and it's like people dial over their religion,

898
00:45:06,920 --> 00:45:08,640
Speaker 3: and people will kill you over their religion, and it's

899
00:45:08,640 --> 00:45:10,399
Speaker 3: like you can't play around. Why we don't really talk

900
00:45:10,400 --> 00:45:11,080
Speaker 3: about religion too.

901
00:45:11,080 --> 00:45:13,000
Speaker 4: Much, and some people don't want to be separated from.

902
00:45:12,960 --> 00:45:16,759
Speaker 3: You can't play around with religion. So it's like it's interesting,

903
00:45:16,920 --> 00:45:19,680
Speaker 3: it's interesting to me, and it's fascinating. So I try

904
00:45:19,719 --> 00:45:22,080
Speaker 3: to learn as much about religion as I possibly can

905
00:45:22,120 --> 00:45:23,520
Speaker 3: because I feel like a lot of times, most of

906
00:45:23,520 --> 00:45:25,640
Speaker 3: the time, we just we follow whatever religion we're born

907
00:45:25,680 --> 00:45:29,440
Speaker 3: into and that's not really a belief system. That's more superstition.

908
00:45:29,800 --> 00:45:31,560
Speaker 3: When you when you believe in something that you don't

909
00:45:31,560 --> 00:45:33,120
Speaker 3: fully understand, is superstition.

910
00:45:33,560 --> 00:45:34,799
Speaker 4: You've been bred to believe that.

911
00:45:34,840 --> 00:45:38,360
Speaker 3: Stevie Wonder said that. So now when you have a

912
00:45:38,400 --> 00:45:41,160
Speaker 3: full understanding of things, not only does it open your

913
00:45:41,200 --> 00:45:44,200
Speaker 3: perspective and make you more open to the world, but

914
00:45:44,280 --> 00:45:46,200
Speaker 3: at least even if the thing that you do fully

915
00:45:46,239 --> 00:45:49,360
Speaker 3: believe in, you can actually believe in it as opposed

916
00:45:49,440 --> 00:45:53,080
Speaker 3: to just doing it because everybody in your family does it,

917
00:45:53,280 --> 00:45:55,000
Speaker 3: you feel like you're going to be cursed if you

918
00:45:55,040 --> 00:45:55,480
Speaker 3: don't do it.

919
00:45:55,520 --> 00:45:58,440
Speaker 4: You've been you've stunned the research on your own, You've

920
00:45:58,440 --> 00:46:01,320
Speaker 4: allowed yourself to critically think, You've allowed yourself to analyze,

921
00:46:01,719 --> 00:46:04,560
Speaker 4: and like that's the goal in life, right, allowed yourself

922
00:46:04,560 --> 00:46:08,120
Speaker 4: and allow others to freely think and freely choose. You

923
00:46:08,200 --> 00:46:10,480
Speaker 4: know what I'm saying, Like I think that is as

924
00:46:10,520 --> 00:46:12,680
Speaker 4: an educator, Like that's the number one thing I'm looking for.

925
00:46:13,080 --> 00:46:15,760
Speaker 4: Can I allow these students to critically think for themselves?

926
00:46:15,840 --> 00:46:18,000
Speaker 4: And we should have that same mindset when it comes

927
00:46:18,000 --> 00:46:19,080
Speaker 4: to our family and our children.

928
00:46:19,400 --> 00:46:21,960
Speaker 3: That's a fact. So the last thing with the stocks.

929
00:46:22,320 --> 00:46:25,640
Speaker 3: This is pretty disturbing. And it's all a financial place.

930
00:46:25,680 --> 00:46:29,240
Speaker 3: So now people might want to invest in black owned companies.

931
00:46:29,239 --> 00:46:31,680
Speaker 3: It's like, yeah, who are there invest in black But

932
00:46:32,400 --> 00:46:36,120
Speaker 3: frombing investing standpoint, it's like, what if I want to

933
00:46:36,160 --> 00:46:38,480
Speaker 3: invest money in the stock market, but I want to

934
00:46:38,480 --> 00:46:39,840
Speaker 3: invest in black owned companies.

935
00:46:39,880 --> 00:46:41,160
Speaker 4: A lot of people want to do that, right, But

936
00:46:41,560 --> 00:46:43,480
Speaker 4: we we buy black. Shout out to them, Yeah, shout

937
00:46:43,480 --> 00:46:45,520
Speaker 4: out to we buy black. Those my people, good, good people.

938
00:46:46,640 --> 00:46:50,880
Speaker 4: So all right, it's like a black owned fund I

939
00:46:50,920 --> 00:46:53,880
Speaker 4: couldn't find any. Could like a black ETF or a

940
00:46:53,880 --> 00:46:56,040
Speaker 4: black mutual fund that only has black companies.

941
00:46:56,120 --> 00:46:56,799
Speaker 3: Couldn't find any.

942
00:46:56,920 --> 00:47:00,000
Speaker 4: Yeah, and maybe there are someome I couldn't find any either,

943
00:47:00,120 --> 00:47:00,719
Speaker 4: but maybe there are.

944
00:47:01,000 --> 00:47:01,120
Speaker 5: Well.

945
00:47:01,160 --> 00:47:03,520
Speaker 3: I think the reason why there are none that I

946
00:47:03,560 --> 00:47:06,600
Speaker 3: could find is that out of four thousand stocks on

947
00:47:07,000 --> 00:47:11,640
Speaker 3: the New York Stock Exchange, twelve are black companies. Twelve.

948
00:47:12,080 --> 00:47:15,160
Speaker 3: That is so disturbing that that's a whole different conversation.

949
00:47:15,400 --> 00:47:18,320
Speaker 3: You're talking about economic and that's what people don't fully understand.

950
00:47:18,320 --> 00:47:21,600
Speaker 3: It's like black people are so far behind. It's just

951
00:47:22,280 --> 00:47:25,640
Speaker 3: it's almost it's amazing. It's like it's like running a marathon.

952
00:47:26,200 --> 00:47:30,279
Speaker 3: And you like twenty three miles in and you just

953
00:47:30,440 --> 00:47:32,799
Speaker 3: started the race, and somebody else is twenty three miles in.

954
00:47:32,880 --> 00:47:35,719
Speaker 4: So it's like we're on a treadmill. That doesn't matter

955
00:47:35,840 --> 00:47:37,120
Speaker 4: thing going on. We on a treadmill.

956
00:47:37,120 --> 00:47:40,000
Speaker 3: That's not even one percent. That's less than one percent

957
00:47:40,080 --> 00:47:45,040
Speaker 3: of twelve twelve out of four thousand companies are publicly traded.

958
00:47:45,520 --> 00:47:49,000
Speaker 3: So you were talking about economic empowerment, and it's like

959
00:47:49,040 --> 00:47:50,799
Speaker 3: a lot of times it's on a broader on a

960
00:47:50,840 --> 00:47:52,960
Speaker 3: small scale, when you start looking at it from a

961
00:47:53,040 --> 00:47:56,160
Speaker 3: large scale as far as like companies and billions of

962
00:47:56,239 --> 00:47:59,040
Speaker 3: dollars and things of that nature, and like publicly traded companies,

963
00:47:59,520 --> 00:48:01,880
Speaker 3: there's twelve out of four thousand.

964
00:48:02,080 --> 00:48:07,520
Speaker 4: Yeah, like diversity, I mean, it's crazy. And during the research,

965
00:48:07,680 --> 00:48:09,560
Speaker 4: I actually, you know, I was proud to find out

966
00:48:09,600 --> 00:48:12,000
Speaker 4: that I'm actually invested in one, well not invested, but

967
00:48:12,360 --> 00:48:14,400
Speaker 4: I do business with one at least, and I was

968
00:48:14,520 --> 00:48:15,879
Speaker 4: I'm looking at the other ones. I'm like, I don't

969
00:48:15,880 --> 00:48:18,000
Speaker 4: even know these. I don't even know these, So you

970
00:48:18,040 --> 00:48:18,839
Speaker 4: want to run down field?

971
00:48:18,880 --> 00:48:21,799
Speaker 3: Yeah, I got four that I people might know citizens

972
00:48:22,400 --> 00:48:26,719
Speaker 3: with their their symbol is c z b S.

973
00:48:27,000 --> 00:48:30,200
Speaker 4: That's what I actually have my mortgage through so not

974
00:48:30,280 --> 00:48:32,400
Speaker 4: that I'm invested in it, but we do business together.

975
00:48:32,480 --> 00:48:34,040
Speaker 3: Yeah, Citizens is a black owned bank.

976
00:48:34,160 --> 00:48:34,319
Speaker 2: Yeah.

977
00:48:34,760 --> 00:48:39,759
Speaker 3: For one, like the number four one and that is

978
00:48:40,360 --> 00:48:44,040
Speaker 3: formally used to be Urban one, which is a radio No,

979
00:48:44,480 --> 00:48:46,680
Speaker 3: it's Urban one. For to one is Urban one and

980
00:48:46,719 --> 00:48:49,680
Speaker 3: it used to be Radio one. Okay, it's a radio syndicate.

981
00:48:50,000 --> 00:48:50,480
Speaker 4: No.

982
00:48:51,760 --> 00:48:55,960
Speaker 3: R l J, which is a lodging lodging company owned

983
00:48:56,000 --> 00:49:00,080
Speaker 3: by Robert Johnson, former owner of BT, former owner of

984
00:49:00,160 --> 00:49:00,799
Speaker 3: the Bobcats.

985
00:49:00,880 --> 00:49:04,920
Speaker 4: Yep. First billionaire for his black billionaire.

986
00:49:05,360 --> 00:49:11,359
Speaker 3: Yeah, I think so. And then Carver Bank another black

987
00:49:11,360 --> 00:49:14,520
Speaker 3: owned thing. There's a few black owned banks, Yeah, Carver Bank, which.

988
00:49:14,360 --> 00:49:17,839
Speaker 4: Is encouraging that they have. We have black owned banks

989
00:49:17,840 --> 00:49:19,359
Speaker 4: that are being publicly traded.

990
00:49:19,400 --> 00:49:22,040
Speaker 3: That's important. You want to list a few others.

991
00:49:21,800 --> 00:49:24,239
Speaker 4: Well, those we have the same one.

992
00:49:23,800 --> 00:49:26,960
Speaker 3: So but so yeah, so but so. Not only is

993
00:49:27,000 --> 00:49:30,719
Speaker 3: this discouraging that there's only twelve, even more so discouraging

994
00:49:30,760 --> 00:49:32,319
Speaker 3: than that, it's like you look at these charts, looked

995
00:49:32,320 --> 00:49:34,640
Speaker 3: at all of their charts. None of them have good charts,

996
00:49:34,880 --> 00:49:38,480
Speaker 3: none of them. None of them. You look at Ian's

997
00:49:38,480 --> 00:49:40,840
Speaker 3: technical analysis would be buys as far as if you

998
00:49:40,840 --> 00:49:44,279
Speaker 3: want to make money. They've all been they haven't, they don't.

999
00:49:44,320 --> 00:49:46,200
Speaker 3: They're not doing well as far as on the stock.

1000
00:49:46,239 --> 00:49:48,839
Speaker 3: The stock has not done well for five years. Are

1001
00:49:48,880 --> 00:49:50,640
Speaker 3: looking at the five year chart and it's not good.

1002
00:49:51,200 --> 00:49:53,239
Speaker 4: And it's going to be tough to find that a

1003
00:49:53,320 --> 00:49:55,480
Speaker 4: lot of these companies have a ten year chart or

1004
00:49:55,600 --> 00:49:57,759
Speaker 4: twentieth even sometimes it goes back to the history thirty

1005
00:49:57,800 --> 00:50:01,279
Speaker 4: year chart. A lot of these companies that doesn't exist.

1006
00:50:02,000 --> 00:50:02,799
Speaker 4: It just doesn't exist.

1007
00:50:02,880 --> 00:50:04,120
Speaker 3: Yeah, I don't even know what to say about that.

1008
00:50:04,120 --> 00:50:07,080
Speaker 3: That's just that's something just to like as far as

1009
00:50:07,120 --> 00:50:08,720
Speaker 3: working forward to something.

1010
00:50:08,640 --> 00:50:09,960
Speaker 4: But that's I mean, a lot of that has to

1011
00:50:10,000 --> 00:50:11,960
Speaker 4: do with a lot of systematic things that were put

1012
00:50:11,960 --> 00:50:13,920
Speaker 4: in place so that it couldn't exist. We won't want

1013
00:50:13,960 --> 00:50:16,720
Speaker 4: to ignore that fact, right, So having our own private

1014
00:50:16,719 --> 00:50:20,000
Speaker 4: own company, or even having a black owned bank systematically

1015
00:50:20,040 --> 00:50:22,719
Speaker 4: in America for years, that wasn't even a possibility. So

1016
00:50:22,920 --> 00:50:24,840
Speaker 4: there are reasons why we don't have a long history

1017
00:50:24,880 --> 00:50:27,200
Speaker 4: of it. So let's not ignore that fact. But like

1018
00:50:27,200 --> 00:50:28,600
Speaker 4: I said, when we go back to the history of

1019
00:50:28,600 --> 00:50:30,160
Speaker 4: some of these companies that we look at, we do

1020
00:50:30,200 --> 00:50:31,600
Speaker 4: look at the ten year charlt, we do look at

1021
00:50:31,600 --> 00:50:33,799
Speaker 4: twenty year O the history of the company's chart and

1022
00:50:33,920 --> 00:50:36,200
Speaker 4: that's just not available right now for these companies.

1023
00:50:36,680 --> 00:50:39,840
Speaker 3: Yeah, so you know that's some information if you're interested

1024
00:50:40,400 --> 00:50:45,719
Speaker 3: in socially responsive funds, religious funds, black owned companies. You know,

1025
00:50:45,920 --> 00:50:48,439
Speaker 3: just a different, different take on investing, because we talked

1026
00:50:48,440 --> 00:50:50,120
Speaker 3: about investing a lot. So we just want to just

1027
00:50:50,160 --> 00:50:53,239
Speaker 3: give people a different a different take on it. And

1028
00:50:53,280 --> 00:50:55,120
Speaker 3: you can kind of do whatever you want with the information,

1029
00:50:55,239 --> 00:50:59,120
Speaker 3: but you know, hopefully that that shine some light good

1030
00:50:59,200 --> 00:51:01,320
Speaker 3: and bad, good and back, because everything's not going to

1031
00:51:01,360 --> 00:51:01,960
Speaker 3: be a good story.

1032
00:51:02,160 --> 00:51:02,520
Speaker 4: Yeah.

1033
00:51:02,640 --> 00:51:04,879
Speaker 3: Sometimes, you know, it's just the news is just that

1034
00:51:04,920 --> 00:51:08,120
Speaker 3: we have to just report what it is. And it's

1035
00:51:08,200 --> 00:51:10,879
Speaker 3: not always it's not always encouraging, but sometimes you need

1036
00:51:11,239 --> 00:51:13,800
Speaker 3: stuff that's not encouraging to encourage.

1037
00:51:14,160 --> 00:51:18,040
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