WEBVTT - Cliff Notes: ADVICE FOR THIS BEAR MARKET

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<v Speaker 1>Coach, the energy out there felt different. What changed for

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<v Speaker 1>the team today?

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<v Speaker 2>It was the new game day scratches from the California

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<v Speaker 2>Lottery players. Everything. Those games sent the team's energy through

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<v Speaker 2>the roof.

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<v Speaker 1>Are you saying it was the off field play that

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<v Speaker 1>made the difference on the field.

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<v Speaker 2>Hey, little play makes your day, and today it made

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<v Speaker 2>the game.

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<v Speaker 1>That's all for now, coach, one more question play than

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<v Speaker 1>New Los Angeles Chargers, San Francisco forty nine ers and

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<v Speaker 1>Los Angeles ram scratchers from the California Lottery. A little

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<v Speaker 1>play can make your day. Peace made responsibly. Must be

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<v Speaker 1>eighteen years or older to purchase late or claim Oh shy.

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<v Speaker 2>What advice would you give for clients if you were

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<v Speaker 2>to consult them with this market? The current condition of

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<v Speaker 2>this market? Obviously we see interest rates going up, we

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

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<v Speaker 2>sitting at that chair, they need advice in their financial life,

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<v Speaker 2>what are you telling them?

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<v Speaker 3>Appreciate that?

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<v Speaker 2>No problem?

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<v Speaker 3>I would say this, you know, being on Financial Viz,

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<v Speaker 3>I was in the game for twelve years and it

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<v Speaker 3>was crazy because I actually started in two thousand and eight.

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<v Speaker 3>I started at the beginning of the worst recession since

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<v Speaker 3>the Great Depression, and that's how it started, and I

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<v Speaker 3>got to like experience that, like that was my entry

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<v Speaker 3>into the world of finance. So history always repeats itself

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

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<v Speaker 3>be as bad as that situation because there was a

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<v Speaker 3>lot of factors that go into play. But one thing

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<v Speaker 3>that probably won't be on the good side like they

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<v Speaker 3>did last time in that situation or in the Corona,

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<v Speaker 3>is I don't think they're gonna pump as much money

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<v Speaker 3>into the marketplace, so it might be a little bit

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<v Speaker 3>more prolonged. Bear markets usually last eight years, I mean

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<v Speaker 3>eight months, so you know, it might be shoppy for

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<v Speaker 3>a while and painful for a while. And another thing

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<v Speaker 3>that when you study history is that you realize that

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<v Speaker 3>during bull market runs, the stocks and the classes that

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<v Speaker 3>go up the most go down the most in the

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

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<v Speaker 3>you know, I felt like was over overinflated. I felt

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<v Speaker 3>a lot of those tech companies was just you know,

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<v Speaker 3>running up too much, and now tech is down the most.

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

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<v Speaker 3>would sell people to be patient to understand it's not

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<v Speaker 3>going to be something in my opinion, that you're just

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<v Speaker 3>going to catch the bottom tomorrow and then it's just

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<v Speaker 3>going to be like, you know, all good again next week,

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<v Speaker 3>Like you know, just be patient. It might take a

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<v Speaker 3>while for this to actually settle before we actually see

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<v Speaker 3>some sunny days, like long term sunny days. It might

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<v Speaker 3>be a couple here and there. Put your money in

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<v Speaker 3>positions that you think have good long term you know, appreciation.

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<v Speaker 3>We talk about that all the time, all of the

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<v Speaker 3>stocks that we talk about, all the ETFs that we

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<v Speaker 3>talk about, costs, Michael, Microsoft, Apple, the S and P

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<v Speaker 3>five hundred XLK xl Y, you know, things of that nature.

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<v Speaker 3>Google Amazon, especially after the split. But also you have

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<v Speaker 3>to have a strategy in place. So like for me personally,

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<v Speaker 3>about a month and a half ago, I told Troy

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<v Speaker 3>he didn't agree with what I did at the time.

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<v Speaker 3>But almost two months ago, I sold around eighty percent

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<v Speaker 3>of of my options, my long term options. I saw

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<v Speaker 3>how it was going, and you have to ask yourself,

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<v Speaker 3>would I rather Would I rather take one hundred eighty

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<v Speaker 3>percent profit or run the risk of losing everything. He's

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<v Speaker 3>a decision for me to make exited my my positions.

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<v Speaker 3>I didn't exit all of them. I probably should have

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<v Speaker 3>exited all of them, to be completely honest with you're

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<v Speaker 3>looking at looking back qq Q. But that's a December

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<v Speaker 3>twenty twenty three call. I'm in Apple, I'm in an

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<v Speaker 3>Apple call, and I'm in a XY call still, but

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<v Speaker 3>I sold I sold SMH, I sold AMD, I sold Apple,

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<v Speaker 3>I sold Microsoft, and I sold XY. But there was

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<v Speaker 3>January twenty twenty three calls too, So you run the

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<v Speaker 3>risk of, you know, I have no doubt that all

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<v Speaker 3>of those companies are gonna you know, flourish, but you

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<v Speaker 3>kind of run the risk that January will be here

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<v Speaker 3>before you know it. So you got to kind of

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<v Speaker 3>make calculate decisions. But well I will do is wait

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<v Speaker 3>for this this thing to really, you know, see how

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

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<v Speaker 3>most of the money is going to go long term.

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<v Speaker 3>But I'm gonna put some some money in some options

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<v Speaker 3>on like a slingshot situation from a see twenty four

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<v Speaker 3>as far as far out as I can go, as

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<v Speaker 3>far out as I can go, depending on how long

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<v Speaker 3>this situation lasts. But to answer your question, Ian, I

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<v Speaker 3>don't really like to do options on individual stocks too

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<v Speaker 3>much unless it's like an Apple Microsoft. I will be

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<v Speaker 3>tempted on Google if if they continue to fall, and

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<v Speaker 3>maybe Amazon, especially after the split. We have to see

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<v Speaker 3>how that situation plays out. But I mean it definitely

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<v Speaker 3>like an XL Y or like an XLK. I look

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<v Speaker 3>at like the ETF that I'm already invested in and

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<v Speaker 3>see which one has the deepest pullback, and yeah, I'll

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<v Speaker 3>probably I'll probably put some money into that.

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<v Speaker 4>Yeah, if you if you do XL Y, so you're

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<v Speaker 4>a lot broke, what what like way take gets to

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<v Speaker 4>like one twenty two, like one fifteen. As far as Google,

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<v Speaker 4>we have to just for the split. But if it

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<v Speaker 4>this sounds to like eighteen hundred, woll fire.

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<v Speaker 3>Load the boat.

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<v Speaker 2>Yeah.

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<v Speaker 3>So yeah, it's opportunities. It's always opportunities in every crisis.

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<v Speaker 3>But a this is why it's always good to have

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<v Speaker 3>money on the sideline. You know, the dollar is actually

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<v Speaker 3>stronger and our relative to other currencies over the world.

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

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<v Speaker 3>But you know, it's nothing wrong with shitting money on

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<v Speaker 3>the sidelines and just being patient and just waiting because

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<v Speaker 3>there's always opportunities, but you run the risk of losing

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<v Speaker 3>a lot of money when you try to buy the

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<v Speaker 3>dip and it keeps dipping.

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<v Speaker 2>When I dip? You did we dip?

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<v Speaker 3>Yeah?

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<v Speaker 2>Yeah?

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<v Speaker 4>And can we be honest about the dip? Is not

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<v Speaker 4>the strategy. It is a localism to tell people when

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<v Speaker 4>you don't want to give a real answer on word

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

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<v Speaker 4>what's the key to success?

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<v Speaker 2>Brother? Just work hard, keep man, God gonna make away? Yeah,

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<v Speaker 2>God go make away. I need to plan though, keep

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<v Speaker 2>the faith you guys have to learn. This episode is

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<v Speaker 2>brought to you by P and C Bank. A lot

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<v Speaker 4>And discern when people are just b asking you or

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

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<v Speaker 4>not gonna give you the answer.

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<v Speaker 2>Every artist that you ever heard a what's the key

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<v Speaker 2>to success? Man? Just record you know, network somebody you

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<v Speaker 2>hear you. If you're an Idaho, probably not broh oh.

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<v Speaker 2>You need a full plan, shout out the fire plan.

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<v Speaker 3>And cash is not necessarily trash. It's only trash when

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<v Speaker 3>you have no strategy. But cash can be extremely effective

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<v Speaker 3>when you have a strategy in place. Put money on

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<v Speaker 3>the side lines and then you wait to deploy it.

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<v Speaker 3>You don't have to rush. You don't have to rush

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<v Speaker 3>into an investment. And to be completely honest with you

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<v Speaker 3>about it, if you're playing in this individual stock game,

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<v Speaker 3>a lot of people just talk about individual stocks because

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<v Speaker 3>they just want to entertain you because there's not really

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<v Speaker 3>that many good stocks to invest in, and a lot

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<v Speaker 3>of these individual stocks are extremely risky. You don't really

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<v Speaker 3>see ETF, a good ETF or a good index from

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<v Speaker 3>pulling back like seventy percent, you know, like you see

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<v Speaker 3>a lot of stocks pull back seventy eight percent. So

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<v Speaker 3>I'm gonna be honest with you. We could talk about

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<v Speaker 3>like these individual stocks the stock of the week, and

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<v Speaker 3>this stock and this stock that's different.

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<v Speaker 2>Media.

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

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<v Speaker 4>me get back SA put yes and check. Would you

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<v Speaker 4>have lost less money if you would have just invested

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<v Speaker 4>in voll VTI, Apple and Microsoft. It almost would take

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<v Speaker 4>the act of God. The probability of Apple and Microsoft

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<v Speaker 4>falling at the same time, you have a greater likelihood.

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<v Speaker 2>And I'm in Los Angeles now, you.

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

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<v Speaker 4>then Apple and Microsoft falling seventy percent at the same time.

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<v Speaker 2>Hope is not a strategy. What is the math? And

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<v Speaker 2>if if Apple and Microsoft falls before twenty twenty seven,

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<v Speaker 2>that's when you will start to see.

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<v Speaker 4>If Tim Cook retires and you start to get some

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

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<v Speaker 4>I'm just gonna be real with you. Tim Cook is

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

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<v Speaker 4>I'm come right on, I don't care. Saturday night, I

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<v Speaker 4>was over with let it all go straight.

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<v Speaker 2>Cash. Cash is better than negative seventy percent.

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<v Speaker 3>That is a fact. That is one hundred factual. And

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<v Speaker 3>that's why I say stop listening to everybody telling you

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

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<v Speaker 3>got to have cash as a savings account for an

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<v Speaker 3>emergency fund. But even bigger than that. Like you said,

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<v Speaker 3>the only thing I'm nervous about my portfolio is options.

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<v Speaker 3>My long term is not really not really nervous about

0:12:33.480 --> 0:12:36.600
<v Speaker 3>long term smooth because eventually it's going to come back.

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<v Speaker 3>But a lot of people had one hundred percent of

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<v Speaker 3>their portfolio on options. That's dangerous.

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<v Speaker 4>You never want to put all your eggs in one

0:12:46.080 --> 0:12:50.800
<v Speaker 4>basket unless you like gambling and you want.

0:12:50.640 --> 0:12:51.280
<v Speaker 2>A heart attack.

0:12:52.000 --> 0:12:55.559
<v Speaker 4>That's how I keep telling you to tech and if

0:12:55.559 --> 0:12:59.880
<v Speaker 4>I can, A lot of people chase that high of

0:13:00.080 --> 0:13:02.680
<v Speaker 4>those wins. I mean, my guy, I was talking about

0:13:02.720 --> 0:13:04.959
<v Speaker 4>it earlier. When you guys like I want to be

0:13:04.960 --> 0:13:05.880
<v Speaker 4>an entrepreneur, I'm.

0:13:05.720 --> 0:13:06.480
<v Speaker 2>Like, no, you don't.

0:13:08.320 --> 0:13:11.200
<v Speaker 4>You're like, why you be so aggy? Sixteen hours a

0:13:11.240 --> 0:13:17.160
<v Speaker 4>day to do it? Trust me, four years, right, So

0:13:17.280 --> 0:13:19.600
<v Speaker 4>you may not have success in your business for six years.

0:13:19.640 --> 0:13:22.200
<v Speaker 4>Imagine working six days a week for six years and

0:13:22.280 --> 0:13:24.840
<v Speaker 4>everyone's telling you crazy and it doesn't work and you're

0:13:24.840 --> 0:13:27.839
<v Speaker 4>not making money. A lot of people wanted those how

0:13:27.880 --> 0:13:30.720
<v Speaker 4>flying wins, from futures options to rivetals because they didn't

0:13:30.720 --> 0:13:32.960
<v Speaker 4>want the sacrifice of putting it in the business and work.

0:13:33.120 --> 0:13:36.360
<v Speaker 4>Whatever endeavor you are a part of, you're going to

0:13:36.400 --> 0:13:37.680
<v Speaker 4>have to learn a master that you're gonna get your

0:13:37.679 --> 0:13:42.160
<v Speaker 4>ass kicked anyway. Safety is key, and if you right now,

0:13:42.440 --> 0:13:45.760
<v Speaker 4>some of you, if you would have just invested, even

0:13:45.760 --> 0:13:48.040
<v Speaker 4>on the option side, just an Apple and Microsoft, you'd

0:13:48.040 --> 0:13:49.679
<v Speaker 4>be up. You would have had family and friends who

0:13:49.679 --> 0:13:51.520
<v Speaker 4>would end up giving you too three hundred four hundred,

0:13:51.520 --> 0:13:52.320
<v Speaker 4>five hundred thousand.

0:13:53.240 --> 0:13:54.640
<v Speaker 2>So a lot of people quiet now, and.

0:13:54.679 --> 0:13:57.880
<v Speaker 4>I get it, but use this these losses' motivation to

0:13:58.000 --> 0:14:01.360
<v Speaker 4>never make these mistakes again and study your ass off.

0:14:01.400 --> 0:14:06.840
<v Speaker 2>But literally, there isn't one company that is available to

0:14:06.880 --> 0:14:09.280
<v Speaker 2>the public or that is known that can give twenty

0:14:09.320 --> 0:14:14.640
<v Speaker 2>percent return per year for ten years, trillion dollar opportunity.

0:14:14.679 --> 0:14:18.960
<v Speaker 4>All this technology everybody know our side, Sylcastics and fives

0:14:18.960 --> 0:14:22.160
<v Speaker 4>and all that shit can't produce twenty percent. Most business

0:14:22.200 --> 0:14:25.600
<v Speaker 4>owners like, are you crazy. It's a bad year for

0:14:25.640 --> 0:14:26.680
<v Speaker 4>a normal business.

0:14:27.240 --> 0:14:29.880
<v Speaker 2>It's important lesson too, like you said, so, like we

0:14:30.000 --> 0:14:31.560
<v Speaker 2>I spoke about this Saturday, and it was like the

0:14:31.600 --> 0:14:34.720
<v Speaker 2>biggest lesson is that I have to see the losses early, right,

0:14:34.760 --> 0:14:36.400
<v Speaker 2>so I know not to make the mistakes. And so

0:14:36.440 --> 0:14:38.400
<v Speaker 2>some people are in that space right now, like they

0:14:38.400 --> 0:14:41.760
<v Speaker 2>started investing. Like we said that influx of investors, especially

0:14:41.800 --> 0:14:44.480
<v Speaker 2>African Americans that came into space in twenty twenty and

0:14:44.520 --> 0:14:47.840
<v Speaker 2>twenty twenty one. This is their time. But that cash

0:14:47.880 --> 0:14:50.320
<v Speaker 2>on the side is so vialdly important because the other

0:14:50.360 --> 0:14:54.280
<v Speaker 2>part of hey having those losses early is also saying, man,

0:14:54.320 --> 0:14:57.720
<v Speaker 2>if I have more capital to deploy when the market

0:14:57.840 --> 0:15:00.440
<v Speaker 2>was down, I'd be so much further ahead. And so

0:15:00.480 --> 0:15:02.360
<v Speaker 2>it's cool to say like, yeah, I have money on

0:15:02.400 --> 0:15:06.200
<v Speaker 2>the side, but actually having that plan and having the

0:15:06.400 --> 0:15:08.680
<v Speaker 2>actual companies that you want to invest in and saying,

0:15:08.720 --> 0:15:10.600
<v Speaker 2>all right, now I have the capital of deploy because

0:15:10.640 --> 0:15:13.080
<v Speaker 2>it's nothing like when you have like one thousand dollars

0:15:13.080 --> 0:15:15.560
<v Speaker 2>to invest in a company, right, and you say it

0:15:15.560 --> 0:15:19.080
<v Speaker 2>old time men. When you invest the little, the least amount,

0:15:19.240 --> 0:15:22.480
<v Speaker 2>that stock always shoots up to a fifty two weeks

0:15:22.520 --> 0:15:25.600
<v Speaker 2>high all time high. Right. And then when you finally

0:15:25.600 --> 0:15:28.920
<v Speaker 2>get the capitol and you put ten thousand in right here,

0:15:28.960 --> 0:15:32.240
<v Speaker 2>we go twenty percent pullback. So it's part of it.

0:15:32.240 --> 0:15:36.000
<v Speaker 3>It's going to get worse before it gets better. My

0:15:36.120 --> 0:15:41.960
<v Speaker 3>graduates from my school being forced back drop bag drop Mike,

0:15:42.080 --> 0:15:43.280
<v Speaker 3>drop back.

0:15:43.200 --> 0:15:44.560
<v Speaker 2>Drop b drop.

0:15:54.680 --> 0:15:58.080
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