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Speaker 2: Me Let me ask you to let me ask both

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Speaker 2: of you guys this so we can just get some

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Speaker 2: education for people because people might not be familiar. So

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Speaker 2: all right, so we talked about earnings. Can we break

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Speaker 2: this down a little bit because people might hear about

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Speaker 2: earnings and earnings were good, that owning the earnings with

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Speaker 2: disappointing and then if the earnings don't are disappointing, in

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Speaker 2: the stock drops, but talk about like what does that

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Speaker 2: actually mean when they release when they released their quarterly

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Speaker 2: quarterly numbers.

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Speaker 3: Yeah.

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Speaker 4: So basically what I just ran down is the revenue

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Speaker 4: generators for a company. So Apple, we talked about the iPhone,

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Speaker 4: we talked about the services, right, that's another revenue generator.

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Speaker 4: The math book, the iPad. I didn't even do wearables,

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Speaker 4: you know, the wearable numbers. I didn't even put those

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Speaker 4: in there, but I could have. So everything that is

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Speaker 4: a revenue generator goes into what the company earns. Wall

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Speaker 4: Street will say based on its performance. They'll say, all right,

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Speaker 4: well we estimate that they should make this much per

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Speaker 4: this quarter least three months. It's an estimate, right, at best,

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Speaker 4: it's an estimate. Now if they hit the estimate, great,

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Speaker 4: and sometimes we see the stock go up.

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Speaker 2: If you have firms like a Morgan and Morgan Stanley

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Speaker 2: right that put out reports.

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Speaker 4: Yeah, they'll put out they'll pull out where they will

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Speaker 4: go yeah, right, they'll upgrade it depends will say overweight

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Speaker 4: or underperform. And based on those things people will say,

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Speaker 4: all right, it's a good time invest, So it's not

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Speaker 4: a good time invest. Also, what Apple didn't do again,

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Speaker 4: we spoke about this in a few episodes ago. They

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Speaker 4: didn't offer guidance. And so when we talked about guidance

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Speaker 4: is the future outlook, what does the next quarter, the

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Speaker 4: next two or three quarters look like? And so they

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Speaker 4: haven't offered any guidance during the entire pandemic.

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Speaker 3: So this isn't anything new. So Stop did pull back

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Speaker 3: a little bit.

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Speaker 5: What is guidance?

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Speaker 3: I just said the future outlook of the.

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Speaker 6: Future outlook of what they expect to do.

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Speaker 7: So for my RAP fans, the analysts are like academics

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Speaker 7: when he's guessing, like what the first week numbers are

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Speaker 7: going to be, and the estenates are like first week

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Speaker 7: sales before the quarter. Now, I truly think they should

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Speaker 7: do earnings on a one year basis. It's a huge

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Speaker 7: mistake when companies run on a quarter to quarter projection,

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Speaker 7: and it's the rat races they're chasing. But they missed

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Speaker 7: the number. But the numbers and growth of the company

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Speaker 7: were great with a supply chip shortage exactly. So I

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Speaker 7: wouldn't sell base off of that. And when you guys

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Speaker 7: are looking at what to invest in, you always want

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Speaker 7: to do the.

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Speaker 6: Verses of the stock.

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Speaker 7: So if you did Apple versus for GM, whoever you

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Speaker 7: would pick, you have to say, are they better across

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Speaker 7: the board?

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Speaker 6: The answers usually know if it's not, then you have

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Speaker 6: to pass it up.

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Speaker 7: But yeah, with the earnings, it's a projection of what

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Speaker 7: they are going to do, and a lot of times

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Speaker 7: if they miss, the stock will drop and then it's

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Speaker 7: a goodbye at that point. And I even seen stocks

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Speaker 7: that have hit the numbers and tanked because of it.

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Speaker 7: So that's why I never lean on earnings and I

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Speaker 7: never factored into my investing equation because it's not a

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Speaker 7: game for us to play bas off of that and

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Speaker 7: for those of you to trade off of it. If

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Speaker 7: you get the direction wrong, you're gonna get killed. So

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Speaker 7: that's why I never factored into my investment.

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Speaker 4: We just we just saw a Snap drop like twenty

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Speaker 4: percent after his earnings, like they missed and then dropped

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Speaker 4: twenty percent. But we've seen Apple have one hundred billion

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Speaker 4: dollar quarter and pull back after that. Right, the revenues

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Speaker 4: are running so high, and so that I mean again,

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Speaker 4: if you base your strep get investment strategy off that

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Speaker 4: you have some real, real experience.

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Speaker 6: In doing it, you shouldn't do it.

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Speaker 7: I'm gonna just say what he wants to say to

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Speaker 7: your price to Apple two thirty eight oh two. That's

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Speaker 7: the target I have for getting to So you guys

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Speaker 7: conrect that down to thirty eight oh two. It's where

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Speaker 7: I expect Apple to get. And Snap did take a

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Speaker 7: hell of a tumble. It will recover, but they have

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Speaker 7: a lot of competition. I have an interesting theory about Snap,

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Speaker 7: but I want to go into it. But if Apple

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Speaker 7: goes to one twenty nine seventy six, that's why you

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Speaker 7: guys should love to pick some shares up.

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Speaker 3: Yeah you heard it.

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Speaker 4: Let me cannot I'm gonna do one more company that

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Speaker 4: missed because it was like big news that obviously, so

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Speaker 4: Apple misses. Microsoft takes advantage of that they become the

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Speaker 4: wealthiest company in the world. But Amazon missed, and everybody

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Speaker 4: knows I've been huge about Amazon. They a healthy investment

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Speaker 4: in Amazon, and so they missed their quarter. Obviously, supply

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Speaker 4: chain issues had a.

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Speaker 3: Lot to do with that. But same thing with Apple.

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Speaker 4: We know what quarter they're going into right the holiday

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Speaker 4: season is upon us now. Today on CNBC, the president,

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Speaker 4: the CEO of the National Retail Federation put out a

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Speaker 4: statement and he said that this holiday season is on pace. Right,

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Speaker 4: they're expecting it to be the greatest shopping season ever

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Speaker 4: of all time. Right, they're expecting an increase of growth

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Speaker 4: of over eight to ten percent from twenty twenty when

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Speaker 4: everybody was pretty much home. And so if we think

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Speaker 4: about e commerce, who's the number one in that space?

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Speaker 4: That good company, right, But also there was there was

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Speaker 4: another piece of news that came out about Amazon and

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Speaker 4: maybe people overlooked it, but they have entered the the

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Speaker 4: ev market, right. And we spoke about Rivion a few

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Speaker 4: maybe last year, but it's it's the electric truck, well played.

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Speaker 4: They owned twenty so the numbers finally came out that

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Speaker 4: they owned twenty percent of the company. So they owned

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Speaker 4: twenty percent of Rivion. I think the investment was like

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Speaker 4: one point three billion, right, based on Vivian's evaluation, because

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Speaker 4: it's IPO.

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Speaker 3: In this month. I don't we not have the exact day.

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Speaker 3: I know in the next couple of weeks it's going

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Speaker 3: to IPO.

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Speaker 4: But based on evaluation, that investment is now worth three

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Speaker 4: point eight billion, right, So the growth of Rivion will

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Speaker 4: also mean the success of Amazon as well. They've already

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Speaker 4: ordered one hundred thousand vehicles for their delivery service. And

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Speaker 4: there's another company that that's been invested in as well.

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Speaker 4: You may have heard of by Ford for those five

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Speaker 4: percent of Rivian as well. So the base has been

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Speaker 4: laid for this company to be successful. Amazon's already on

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Speaker 4: twenty percent plus they've already had one hundred thousand vehicles.

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Speaker 4: How long did it take a testa to get to

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Speaker 4: one hundred thousand vehicles ordered? Thinking about that, right, and

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Speaker 4: so you started looking at the success of this ev market.

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Speaker 3: They've already built in a win.

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Speaker 5: So so what are you saying, you're bullish on Amazon.

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Speaker 3: I'm staying bullish on Amazon.

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Speaker 6: Yes, you have to.

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Speaker 5: You got to speak the language that people just want said.

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Speaker 3: You just want to know in my body or not,

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Speaker 3: that's all you want to know.

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Speaker 2: I just want to give you the information you make

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Speaker 2: the right I speak for the mass man.

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Speaker 5: They just want to want that mic away.

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Speaker 7: Yeah, so Amazon is an amazing company holder for the next

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Speaker 7: ten years. I know you guys are going to ask

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Speaker 7: about Rivian, but it's one of the things you have

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Speaker 7: to understand when big companies like these and they own

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Speaker 7: a considerable amount of a twenty percent, that is a

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Speaker 7: solid strategy in business owners. When I'm telling you to diversify,

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Speaker 7: because we're not talking about it enough, but we've entered

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Speaker 7: an age when we're watching the job market die right

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Speaker 7: in front of our face. And part of the reason

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Speaker 7: why Crypto and ev is going up. They're not saying it.

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Speaker 7: These are going to replace most job markets. And when

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Speaker 7: they usher in universal basic income, they're going to say, well,

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Speaker 7: we gave your gi you guys an opportunity to invest

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Speaker 7: in Crypto and Amazon and Tesla when they were super cheap.

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Speaker 7: So when I'm saying you have to invest in these

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Speaker 7: because in fifteen years, they may be no job market

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Speaker 7: the way we see it today. If you don't believe

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Speaker 7: that's true, go talk to your aunt's friends, brothers that

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Speaker 7: live through two thousand and five. And when two thousand

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Speaker 7: and seven came, the job market dramatically change. I remember

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Speaker 7: when we were graduating from school, it was like if

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Speaker 7: you graduated, you would guarantee the job. Now I know

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Speaker 7: people that have masters that can't get a job to

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Speaker 7: page eighty thousand a year please be mindful. We are

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Speaker 7: witnessing a changing of the guard in.

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Speaker 2: Real time UBI Universal Basic income. You think that that's

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Speaker 2: something that you just kind of breezed over very quickly.

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Speaker 2: You believe that that could actually happen at some point

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Speaker 2: in time.

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Speaker 7: If the job market continues to be eroded. Absolutely ernest.

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Speaker 3: What's up?

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Speaker 4: You ever walk into a small business and everything just

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Speaker 4: works like the checkout is fast, the receipts are digital,

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Speaker 4: tipping is a breeze, and you're out the door before

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Speaker 4: the line even builds odds are they're using Square. We

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Speaker 4: love supporting businesses that run on Square because it just

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Speaker 4: at a pop up market, or even one of our

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Speaker 4: one simple system. If you're a business owner or even

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Speaker 4: just thinking about launching something soon, Square is hands down

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Speaker 8: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 8: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 8: filming and selling child pornography in Michigan. These are just

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Speaker 8: some of the heinous migrant criminals caught because of President

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Speaker 8: Donald J. Trump's leadership. I'm christin nom the United States

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Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 8: crossings are at the lowest levels ever recorded, and over

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Speaker 8: one hundred thousand illegal aliens have been arrested. If you

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Speaker 8: are here illegally, your next you will be fine nearly

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Speaker 8: one thousand dollars a day, imprisoned and deported, you will

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Speaker 8: never return. But if you register using our CBP home

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Speaker 8: app and leave now, you could be allowed to return legally.

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Speaker 8: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 8: border and families will.

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Speaker 3: Be protected sponsored by the United States Department of Homeland Security.

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Speaker 3: And they got them in the matrix.

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Speaker 5: That's our connection.

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Speaker 3: I don't know. We're still good.

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Speaker 5: I dunlap has froze. They have them in the matrix.

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Speaker 2: Okay, Well, while we wait for Ian to come back online,

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Speaker 2: let's talk about XLI as we talk Yeah, XL Y

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Speaker 2: so xly.

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Speaker 5: Since we're talking about oh there you go.

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Speaker 3: You good?

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Speaker 6: Yeah, I'm good, I'm good, all right?

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Speaker 2: So all right, yeah, so you said if the job

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Speaker 2: market continues to suffer in some level of universal income.

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Speaker 5: Would have to.

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Speaker 6: It's going to be needed to keep the people from revoting.

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Speaker 6: You have to, you have to.

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Speaker 7: I don't think people go look at historically. Go look

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Speaker 7: in nineteen twenty nine and nineteen thirty three, after those

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Speaker 7: recessions happened. How much you got some Google it, how

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Speaker 7: much the job market declined. The power of the dollar's

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Speaker 7: going down. My biggest fear, and I've said it before.

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Speaker 7: The talic came through Peter Thiel's fellowship. He made e theory.

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Speaker 7: You guys, I've already told you my theory on bitcoin.

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Speaker 7: If we get taken off of the petro dollar and

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Speaker 7: the Saudis no longer have to buy oil, that is

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Speaker 7: the last lynch pin that we need for America to

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Speaker 7: have no advantage. Inflation will go through the roof. There's

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Speaker 7: a reason why you're seeing Square Tesla all these companies

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Speaker 7: look to hedge with crypto in case the warl falls apart.

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Speaker 7: Please write this down. The ultimate investment strategy is to

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Speaker 7: be able to make money no matter what happens in

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Speaker 7: the world, to whether we go to World War three

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Speaker 7: or hyperinflation.

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Speaker 6: Or we lose our dominant spot.

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Speaker 7: You still have to be able to produce make money because,

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Speaker 7: like Rashad said before, we have expenses every single day.

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Speaker 7: So when you guys are like battling over which assets

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Speaker 7: to own, should I do options?

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Speaker 6: Long term?

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Speaker 7: The answer is to do all and then invest in

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Speaker 7: the top ones and then you'll be safe. But in

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Speaker 7: order to keep the people from having an absolute riot

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Speaker 7: in maybe fifteen twenty years, they may have to do

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Speaker 7: universe basic.

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Speaker 6: Income for sure.

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Speaker 2: Interesting, there is interesting. Well, mind to that one thing

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Speaker 2: I wanted to talk about. You said that it's going

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Speaker 2: to be the biggest retail season ever. So xl Y

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Speaker 2: Consumer Discretionary ETF I can see some positive results.

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Speaker 3: Yeah, we're seeing it run right now.

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Speaker 4: We saw it run obviously because and we said shout

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Speaker 4: out to t Tad gave me the exact number was

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Speaker 4: sixteen nine allocation the Tesla, But the number one allocation

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Speaker 4: in XOI ETF is is Amazon at twenty two percent.

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Speaker 3: Yeah, and so again, if I'm bullish on.

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Speaker 4: Amazon the company itself, of course I'm gonna be bullish

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Speaker 4: on the ETF that has a large allocation of it,

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Speaker 4: plus it has Tesla in it. Those two companies alone

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Speaker 4: outside of anything else that's in there. That's almost forty percent,

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Speaker 4: almost forty percent of the entire ETF.

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Speaker 7: I mean, if you're buying stuff online, and for everyone watching,

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Speaker 7: it's a good question to ask. If you're buying stuff

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Speaker 7: online and you don't use Amazon.

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Speaker 6: What's the better alternative? Shopifies and stock Club? It's not better?

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Speaker 6: What do you use?

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Speaker 7: The Walmart dot Com? Ups is at great? Etsy is okay?

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Speaker 7: Wish disaster. If you want the young jock Halloween mask,

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Speaker 7: you could have one on Wish. I always think like,

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Speaker 7: who is the best at what they do? This is

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Speaker 7: why I hank my hat on being the best at investing.

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Speaker 7: They're showing you in real time media who's best. You

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Speaker 7: have to hang your hat on those that are at

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Speaker 7: best in the world at what they do. And that's

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Speaker 7: an easy formula. Even if you go back to the

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Speaker 7: nineteen eighties, if you're looking at steel oil, nineteen sixties

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Speaker 7: was Ford, That formula works for every single era.

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Speaker 6: Like who is the best at crypto?

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Speaker 7: If you're looking at in terms of holding value or

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Speaker 7: store value, it's Bitcoin. If it's ability to create projects,

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Speaker 7: you can argue ethereum, please write that down.

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Speaker 6: The number one in this space is always the best

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Speaker 6: one to invest in.

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Speaker 2: And that's that's one of the reason why I really

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Speaker 2: love ets is because it's like, like, so take xly,

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Speaker 2: twenty two percent is in Amazon, fifteen percent is in Tesla,

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Speaker 2: So let's just talk about that right quick. A lot

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Speaker 2: of people don't like Tesla because they feel like it's

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Speaker 2: too volatile and it's very risky, and it's at an

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Speaker 2: all time high and it's you know, it's kind of

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Speaker 2: over inflated. Some people might think, so this is why,

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Speaker 2: you know, you can invest in the ETF and you

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Speaker 2: actually get Tesla exposure without actually investing. Then Amazon is

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Speaker 2: another one where people think like, well, as you know

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Speaker 2: up there and price, and I might not have enough

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Speaker 2: money to buy one share and it's not gonna make

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Speaker 2: a difference because I don't have enough money. So now

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Speaker 2: you know, the ETF once again gives you exposure almost

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Speaker 2: a quarter of your portfolio to Amazon without actually, you know,

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Speaker 2: putting three thousand dollars on Amazon stock. But then also

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Speaker 2: in in that ETF has Home Depot, McDonald's, low Start,

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Speaker 2: Starbucks target Target, so you know, it's a lot of

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Speaker 2: it's a lot of good companies in there, and yeah,

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Speaker 2: people consuming discression. People start to spend money. All of

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Speaker 2: those companies are going to get patronized. McDonald's say what

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Speaker 2: you want about them, and.

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Speaker 6: A business of all time on a real estate sign.

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Speaker 3: Easy easily.

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Speaker 5: They're not going out of business no matter what.

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Speaker 3: Depots not going anywhere, y'ah.

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Speaker 2: Nike Lows. People don't don't think about Lows enough. We

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Speaker 2: talk about realist. Shout out to Matt. We talk about

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Speaker 2: real estate all the time. Lows is like the cornerstone

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Speaker 2: for all of these real estate guys, all and all

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Speaker 2: that they have.

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Speaker 5: They's been thousands of dollars in Lows.

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Speaker 6: Man.

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Speaker 7: I tell my dad all the time, you need nothing

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Speaker 7: else but home depot, Lows, Apple, Microsoft, because like people

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Speaker 7: in construction, you guys prop up and this is what

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Speaker 7: I love to do. I was in Galleria last week.

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Speaker 7: I went to Apple to buy some wire headphones because

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Speaker 7: I lost my AirPods. Right, I'm like, how many cells

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Speaker 7: you guys just eleven o'clock? He was like, they did

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Speaker 7: twenty nine hundred cells by eleven am. When you guys

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Speaker 7: are in there buying drywall and sheep rock, you guys

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Speaker 7: can see the volume in there, So you guys have accounts.

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Speaker 7: You know, infrastructure is never going to go away, and

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Speaker 7: major cities people are still going to build. Just invest

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Speaker 7: in in quality across the board, and even better with

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Speaker 7: the volatility thing con ed. Volatility is higher for my

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Speaker 7: people back at home, nipscolle, Prices for heating is higher.

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Speaker 7: Like the rate of return that you're gonna get, it's

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Speaker 7: going to be offset by the volatility. So the more

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Speaker 7: return that you want, So if you want something that

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Speaker 7: grows one hundred and fifty percent in a year, it

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Speaker 7: may be a chance that you get a twenty five

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Speaker 7: percent draw down. But a quality company that it's best

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Speaker 7: in its class is not going to draw down one

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Speaker 7: hundred percent. You're not going to lose. Even if you

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Speaker 7: bout the absolute top, it's not going to go from

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Speaker 7: top to bottom and you get wiped out. You have

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Speaker 7: to stop worrying about volatility and quality companies and realize.

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Speaker 6: Those are the places in which you should be buying

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Speaker 6: the most.

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Speaker 7: So like when Tesla was in the six hundred and

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Speaker 7: twenty range and I told you guys, it was gonna

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Speaker 7: come down, it's to pass every estimate, and then shot

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Speaker 7: up now said eleven fifty four. But look you would

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Speaker 7: have doubled your money pretty much from June had you

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Speaker 7: just listening.

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Speaker 2: My graduates from my school being forced back drop bag drop,

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Speaker 2: Mike drop back drop drop.

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Speaker 8: An illegal alien from Guatemala charged with raping a child

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Speaker 8: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 8: accused of murdering a Texas man of Venezuelan charged with

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Speaker 8: filming and selling child pornography in Michigan. These are just

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Speaker 8: some of the heinous migrant criminals caught because of President

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Speaker 8: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 8: crossings are at the lowest levels ever recorded, and over

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Speaker 8: one hundred thousand illegal aliens have been arrested. If you

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Speaker 8: are here illegally, your next you will be fined nearly

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Speaker 8: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 8: never return. But if you register using our CBP home

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Speaker 8: app and leave now, you could be allowed to return legally.

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Speaker 8: Do what's leave now. Under President Trump, America's laws, border

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Speaker 8: and families will be protected.

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Speaker 6: Sponsored by the United States Department of Homeland Security,