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Speaker 1: Coach, the energy out there felt different. What changed for

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Speaker 1: the team today?

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Speaker 2: It was the new game day scratches from the California

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Speaker 2: Lottery players. Everything. Those games sent the team's energy through

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Speaker 2: the roof.

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Speaker 1: Are you saying it was the off field play that

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Speaker 1: made the difference on the field.

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Speaker 2: Hey, little play makes your day, and today it made

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Speaker 2: the game.

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Speaker 1: That's all for now, coach, one more question play than

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Speaker 1: New Los Angeles Chargers, San Francisco forty nine ers and

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Speaker 1: Los Angeles ram scratchers from the California Lottery. A little

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Speaker 1: play can make your day. Peace made responsibly. Must be

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Speaker 1: eighteen years or older to purchase late or claim Oh shy.

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Speaker 2: What advice would you give for clients if you were

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Speaker 2: to consult them with this market? The current condition of

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Speaker 2: this market? Obviously we see interest rates going up, we

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Speaker 2: see inflation. What type of advice If somebody's coming in,

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Speaker 2: sitting at that chair, they need advice in their financial life,

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Speaker 2: what are you telling them?

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Speaker 3: Appreciate that?

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Speaker 2: No problem?

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Speaker 3: I would say this, you know, being on Financial Viz,

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Speaker 3: I was in the game for twelve years and it

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Speaker 3: was crazy because I actually started in two thousand and eight.

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Speaker 3: I started at the beginning of the worst recession since

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Speaker 3: the Great Depression, and that's how it started, and I

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Speaker 3: got to like experience that, like that was my entry

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Speaker 3: into the world of finance. So history always repeats itself

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Speaker 3: over the course of time. I don't think it's gonna

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Speaker 3: be as bad as that situation because there was a

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Speaker 3: lot of factors that go into play. But one thing

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Speaker 3: that probably won't be on the good side like they

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Speaker 3: did last time in that situation or in the Corona,

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Speaker 3: is I don't think they're gonna pump as much money

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Speaker 3: into the marketplace, so it might be a little bit

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Speaker 3: more prolonged. Bear markets usually last eight years, I mean

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Speaker 3: eight months, so you know, it might be shoppy for

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Speaker 3: a while and painful for a while. And another thing

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Speaker 3: that when you study history is that you realize that

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Speaker 3: during bull market runs, the stocks and the classes that

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Speaker 3: go up the most go down the most in the

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Speaker 3: next bear market. So that's why I was always saying that,

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Speaker 3: you know, I felt like was over overinflated. I felt

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Speaker 3: a lot of those tech companies was just you know,

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Speaker 3: running up too much, and now tech is down the most.

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Speaker 3: It's no, it's following what history usually predicts. So I

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Speaker 3: would sell people to be patient to understand it's not

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Speaker 3: going to be something in my opinion, that you're just

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Speaker 3: going to catch the bottom tomorrow and then it's just

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Speaker 3: going to be like, you know, all good again next week,

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Speaker 3: Like you know, just be patient. It might take a

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Speaker 3: while for this to actually settle before we actually see

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Speaker 3: some sunny days, like long term sunny days. It might

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Speaker 3: be a couple here and there. Put your money in

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Speaker 3: positions that you think have good long term you know, appreciation.

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Speaker 3: We talk about that all the time, all of the

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Speaker 3: stocks that we talk about, all the ETFs that we

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Speaker 3: talk about, costs, Michael, Microsoft, Apple, the S and P

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Speaker 3: five hundred XLK xl Y, you know, things of that nature.

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Speaker 3: Google Amazon, especially after the split. But also you have

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Speaker 3: to have a strategy in place. So like for me personally,

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Speaker 3: about a month and a half ago, I told Troy

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Speaker 3: he didn't agree with what I did at the time.

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Speaker 3: But almost two months ago, I sold around eighty percent

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Speaker 3: of of my options, my long term options. I saw

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Speaker 3: how it was going, and you have to ask yourself,

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Speaker 3: would I rather Would I rather take one hundred eighty

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Speaker 3: percent profit or run the risk of losing everything. He's

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Speaker 3: a decision for me to make exited my my positions.

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Speaker 3: I didn't exit all of them. I probably should have

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Speaker 3: exited all of them, to be completely honest with you're

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Speaker 3: looking at looking back qq Q. But that's a December

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Speaker 3: twenty twenty three call. I'm in Apple, I'm in an

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Speaker 3: Apple call, and I'm in a XY call still, but

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Speaker 3: I sold I sold SMH, I sold AMD, I sold Apple,

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Speaker 3: I sold Microsoft, and I sold XY. But there was

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Speaker 3: January twenty twenty three calls too, So you run the

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Speaker 3: risk of, you know, I have no doubt that all

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Speaker 3: of those companies are gonna you know, flourish, but you

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Speaker 3: kind of run the risk that January will be here

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Speaker 3: before you know it. So you got to kind of

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Speaker 3: make calculate decisions. But well I will do is wait

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Speaker 3: for this this thing to really, you know, see how

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Speaker 3: bad it's going to get. Of course, making long term

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Speaker 3: most of the money is going to go long term.

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Speaker 3: But I'm gonna put some some money in some options

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Speaker 3: on like a slingshot situation from a see twenty four

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Speaker 3: as far as far out as I can go, as

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Speaker 3: far out as I can go, depending on how long

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Speaker 3: this situation lasts. But to answer your question, Ian, I

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Speaker 3: don't really like to do options on individual stocks too

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Speaker 3: much unless it's like an Apple Microsoft. I will be

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Speaker 3: tempted on Google if if they continue to fall, and

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Speaker 3: maybe Amazon, especially after the split. We have to see

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Speaker 3: how that situation plays out. But I mean it definitely

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Speaker 3: like an XL Y or like an XLK. I look

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Speaker 3: at like the ETF that I'm already invested in and

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Speaker 3: see which one has the deepest pullback, and yeah, I'll

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Speaker 3: probably I'll probably put some money into that.

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Speaker 4: Yeah, if you if you do XL Y, so you're

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Speaker 4: a lot broke, what what like way take gets to

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Speaker 4: like one twenty two, like one fifteen. As far as Google,

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Speaker 4: we have to just for the split. But if it

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Speaker 4: this sounds to like eighteen hundred, woll fire.

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Speaker 3: Load the boat.

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Speaker 2: Yeah.

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Speaker 3: So yeah, it's opportunities. It's always opportunities in every crisis.

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Speaker 3: But a this is why it's always good to have

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Speaker 3: money on the sideline. You know, the dollar is actually

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Speaker 3: stronger and our relative to other currencies over the world.

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Speaker 3: That's a good thing, even though inflation is sky high.

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Speaker 3: But you know, it's nothing wrong with shitting money on

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Speaker 3: the sidelines and just being patient and just waiting because

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Speaker 3: there's always opportunities, but you run the risk of losing

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Speaker 3: a lot of money when you try to buy the

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Speaker 3: dip and it keeps dipping.

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Speaker 2: When I dip? You did we dip?

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Speaker 3: Yeah?

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Speaker 2: Yeah?

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Speaker 4: And can we be honest about the dip? Is not

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Speaker 4: the strategy. It is a localism to tell people when

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Speaker 4: you don't want to give a real answer on word

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Speaker 4: to the best. Yeah, that's all you're like going, Hey,

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Speaker 4: what's the key to success?

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Speaker 2: Brother? Just work hard, keep man, God gonna make away? Yeah,

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Speaker 2: God go make away. I need to plan though, keep

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Speaker 2: the faith you guys have to learn. This episode is

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Speaker 4: And discern when people are just b asking you or

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Speaker 4: don't want to upset you because they're like, no, I'm

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Speaker 4: not gonna give you the answer.

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Speaker 2: Every artist that you ever heard a what's the key

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Speaker 2: to success? Man? Just record you know, network somebody you

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Speaker 2: hear you. If you're an Idaho, probably not broh oh.

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Speaker 2: You need a full plan, shout out the fire plan.

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Speaker 3: And cash is not necessarily trash. It's only trash when

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Speaker 3: you have no strategy. But cash can be extremely effective

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Speaker 3: when you have a strategy in place. Put money on

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Speaker 3: the side lines and then you wait to deploy it.

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Speaker 3: You don't have to rush. You don't have to rush

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Speaker 3: into an investment. And to be completely honest with you

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Speaker 3: about it, if you're playing in this individual stock game,

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Speaker 3: a lot of people just talk about individual stocks because

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Speaker 3: they just want to entertain you because there's not really

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Speaker 3: that many good stocks to invest in, and a lot

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Speaker 3: of these individual stocks are extremely risky. You don't really

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Speaker 3: see ETF, a good ETF or a good index from

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Speaker 3: pulling back like seventy percent, you know, like you see

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Speaker 3: a lot of stocks pull back seventy eight percent. So

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Speaker 3: I'm gonna be honest with you. We could talk about

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Speaker 3: like these individual stocks the stock of the week, and

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Speaker 3: this stock and this stock that's different.

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Speaker 2: Media.

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Speaker 4: That's how y'all blew up your account. I'm okay, let

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Speaker 4: me get back SA put yes and check. Would you

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Speaker 4: have lost less money if you would have just invested

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Speaker 4: in voll VTI, Apple and Microsoft. It almost would take

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Speaker 4: the act of God. The probability of Apple and Microsoft

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Speaker 4: falling at the same time, you have a greater likelihood.

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Speaker 2: And I'm in Los Angeles now, you.

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Speaker 4: Have a greater probability of California falling off into the ocean. Mathematically,

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Speaker 4: then Apple and Microsoft falling seventy percent at the same time.

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Speaker 2: Hope is not a strategy. What is the math? And

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Speaker 2: if if Apple and Microsoft falls before twenty twenty seven,

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Speaker 2: that's when you will start to see.

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Speaker 4: If Tim Cook retires and you start to get some

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Speaker 4: head ones about China takeing TSM, that's over for America.

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Speaker 4: I'm just gonna be real with you. Tim Cook is

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Speaker 4: a lynch pin than's saving America right now. If he retires,

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Speaker 4: I'm come right on, I don't care. Saturday night, I

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Speaker 4: was over with let it all go straight.

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Speaker 2: Cash. Cash is better than negative seventy percent.

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Speaker 3: That is a fact. That is one hundred factual. And

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Speaker 3: that's why I say stop listening to everybody telling you

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Speaker 3: don't keep cash. Nah, you gotta have some a You

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Speaker 3: got to have cash as a savings account for an

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Speaker 3: emergency fund. But even bigger than that. Like you said,

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Speaker 3: the only thing I'm nervous about my portfolio is options.

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Speaker 3: My long term is not really not really nervous about

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Speaker 3: long term smooth because eventually it's going to come back.

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Speaker 3: But a lot of people had one hundred percent of

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Speaker 3: their portfolio on options. That's dangerous.

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Speaker 4: You never want to put all your eggs in one

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Speaker 4: basket unless you like gambling and you want.

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Speaker 2: A heart attack.

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Speaker 4: That's how I keep telling you to tech and if

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Speaker 4: I can, A lot of people chase that high of

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Speaker 4: those wins. I mean, my guy, I was talking about

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Speaker 4: it earlier. When you guys like I want to be

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Speaker 4: an entrepreneur, I'm.

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Speaker 2: Like, no, you don't.

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Speaker 4: You're like, why you be so aggy? Sixteen hours a

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Speaker 4: day to do it? Trust me, four years, right, So

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Speaker 4: you may not have success in your business for six years.

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Speaker 4: Imagine working six days a week for six years and

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Speaker 4: everyone's telling you crazy and it doesn't work and you're

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Speaker 4: not making money. A lot of people wanted those how

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Speaker 4: flying wins, from futures options to rivetals because they didn't

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Speaker 4: want the sacrifice of putting it in the business and work.

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Speaker 4: Whatever endeavor you are a part of, you're going to

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Speaker 4: have to learn a master that you're gonna get your

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Speaker 4: ass kicked anyway. Safety is key, and if you right now,

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Speaker 4: some of you, if you would have just invested, even

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Speaker 4: on the option side, just an Apple and Microsoft, you'd

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Speaker 4: be up. You would have had family and friends who

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Speaker 4: would end up giving you too three hundred four hundred,

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Speaker 4: five hundred thousand.

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Speaker 2: So a lot of people quiet now, and.

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Speaker 4: I get it, but use this these losses' motivation to

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Speaker 4: never make these mistakes again and study your ass off.

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Speaker 2: But literally, there isn't one company that is available to

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Speaker 2: the public or that is known that can give twenty

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Speaker 2: percent return per year for ten years, trillion dollar opportunity.

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Speaker 4: All this technology everybody know our side, Sylcastics and fives

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Speaker 4: and all that shit can't produce twenty percent. Most business

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Speaker 4: owners like, are you crazy. It's a bad year for

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Speaker 4: a normal business.

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Speaker 2: It's important lesson too, like you said, so, like we

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Speaker 2: I spoke about this Saturday, and it was like the

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Speaker 2: biggest lesson is that I have to see the losses early, right,

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Speaker 2: so I know not to make the mistakes. And so

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Speaker 2: some people are in that space right now, like they

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Speaker 2: started investing. Like we said that influx of investors, especially

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Speaker 2: African Americans that came into space in twenty twenty and

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Speaker 2: twenty twenty one. This is their time. But that cash

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Speaker 2: on the side is so vialdly important because the other

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Speaker 2: part of hey having those losses early is also saying, man,

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Speaker 2: if I have more capital to deploy when the market

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Speaker 2: was down, I'd be so much further ahead. And so

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Speaker 2: it's cool to say like, yeah, I have money on

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Speaker 2: the side, but actually having that plan and having the

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Speaker 2: actual companies that you want to invest in and saying,

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Speaker 2: all right, now I have the capital of deploy because

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Speaker 2: it's nothing like when you have like one thousand dollars

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Speaker 2: to invest in a company, right, and you say it

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Speaker 2: old time men. When you invest the little, the least amount,

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Speaker 2: that stock always shoots up to a fifty two weeks

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Speaker 2: high all time high. Right. And then when you finally

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Speaker 2: get the capitol and you put ten thousand in right here,

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Speaker 2: we go twenty percent pullback. So it's part of it.

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