WEBVTT - Study Hall: MAKE BIG MONEY WITH MUTUAL FUNDS

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<v Speaker 1>Behind every VP Phillip. Thousands of people across America go

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<v Speaker 1>to work every day. People producing energy, all shore, people

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<v Speaker 1>turning it into products at our refineries, people doing R

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<v Speaker 1>and D to make products that are better for your engine.

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<v Speaker 1>People trading and shipping fuels to their destinations. And the

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<v Speaker 1>people who help you at one of VP's growing family

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<v Speaker 1>of retail stations. They're part of almost three hundred thousand

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<v Speaker 1>jobs VP supports across the country. Learn more at VP

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<v Speaker 1>dot com. Slash Investing in America.

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<v Speaker 2>Four one K right, this this is the beginning of

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<v Speaker 2>the year. The four one K is a lot of

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<v Speaker 2>people's first way to start investing in the stock market. Right,

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<v Speaker 2>most people actually the majority of their stock investment, or

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<v Speaker 2>if they only they only have one stock investment, and

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<v Speaker 2>that is the four one K. Right. A lot of

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<v Speaker 2>people don't have outside stock investments outside of a retirement plan.

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<v Speaker 2>So what is your suggestion for people, young people or

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<v Speaker 2>old people whatever that you know might have just signed

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<v Speaker 2>up for the four one K or are in a

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<v Speaker 2>four one K. What's your thoughts on allocation and things

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<v Speaker 2>of that nature.

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<v Speaker 3>No, I think that that's a really good question. I

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<v Speaker 3>did want to address what you all said about the

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<v Speaker 3>tax deductions before we move forward, because I think that

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<v Speaker 3>that's important and significant when you live your life like

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<v Speaker 3>a business, the expenses that you incur as an individual,

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<v Speaker 3>you can, like you said right off, as a business.

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<v Speaker 3>So like the Internet that you're using on a regular basis,

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<v Speaker 3>you already know you was gonna be scrolling through Insagram,

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<v Speaker 3>following uy L following, following for Shot, following, Troy following,

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<v Speaker 3>like y'all said, black up. Sorry, but you also use

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<v Speaker 3>your Internet to run your business. Your cell phone, you

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<v Speaker 3>gonna call your girlfriend, You gonna gossip about that guy

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<v Speaker 3>you swipe right on and he showed up at the

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<v Speaker 3>day a whole catfish. But guess what else? You gonna

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<v Speaker 3>use your cell phone to call? Make business calls in

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<v Speaker 3>order to generate business. Like when I started looking at

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<v Speaker 3>the number of tax deductions that are available for your business,

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<v Speaker 3>those number over four hundred deductions. If you're going on

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<v Speaker 3>vacation but you're doing business for a certain percentage of time,

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<v Speaker 3>that's no longer a business. I mean, that's no longer

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<v Speaker 3>a vacation. That's now business travel. So when I started

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<v Speaker 3>to reorient my mind into thinking about what are the

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<v Speaker 3>things that I'm going to do anyway, you know, just

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<v Speaker 3>as an individual, how can I reclassify that as my business?

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<v Speaker 3>I was able to see how I can reduce the

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<v Speaker 3>taxable income because you all talked about taxes being expensive.

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<v Speaker 3>Taxes are expensive the more income that you earn, because

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<v Speaker 3>the percentage that they charge in taxes increases along with

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<v Speaker 3>your income. With deductions, you're able to reduce that tax liability.

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<v Speaker 3>And that's what deductions really afford to you. So that

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<v Speaker 3>was I really like how you all talked about that.

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<v Speaker 3>In regard to the four oh one K, four O

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<v Speaker 3>three B if you're working with a nonprofit organization four

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<v Speaker 3>one K four or three B TSP. If you're self employed,

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<v Speaker 3>it's the IRIS traditional and WROTH and we can talk

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<v Speaker 3>about that as well. The first thing that you want

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<v Speaker 3>to do is you want to ask your employer, because

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<v Speaker 3>the four to oh one K is an employer sponsor program,

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<v Speaker 3>if they can your contribution and how much they match

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<v Speaker 3>per dollar. So one of my employers match up to

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<v Speaker 3>six percent of the salary that I was earning, so

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<v Speaker 3>every single year, just like you said, Rishot, they're going

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<v Speaker 3>to ask for those individuals who want to contribute to

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<v Speaker 3>the four all one K. They're gonna ask how much

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<v Speaker 3>you want to contribute and how frequently, So you want

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<v Speaker 3>to make sure that you ask those critical questions. The

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<v Speaker 3>second thing is the biggest mistake that I made, is

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<v Speaker 3>I did listen to my mama because she told me,

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<v Speaker 3>listen at twenty years old, you were going to be

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<v Speaker 3>investing in your four o one K, and I will

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<v Speaker 3>tell her at twenty years old, I'm not thinking about retirement.

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<v Speaker 3>I'm not thinking about retirement. But we know the benefits

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<v Speaker 3>of compound interest. The earlier you get started, the more

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<v Speaker 3>your money can go to work with you or work

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<v Speaker 3>for you over the years. So my mom started investing

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<v Speaker 3>in retirement at thirty one. She thought if I could

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<v Speaker 3>start eleven years ahead of her, then perhaps I could

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<v Speaker 3>retire early. But for four one ks, you want to

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<v Speaker 3>look inside whatever you are our employer has set you

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<v Speaker 3>up with Initially. For me, one of the biggest mistakes

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<v Speaker 3>I made is I looked inside of my four one

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<v Speaker 3>K late and I saw that nearly one hundred percent

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<v Speaker 3>of my money was invested in money markets. So I

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<v Speaker 3>think I heard maybe Ian talking about it earlier. I

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<v Speaker 3>came in maybe about ten minutes towards the end of

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<v Speaker 3>the conversations. But money markets are not going to return

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<v Speaker 3>as much as equities. So like my money is returning

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<v Speaker 3>one or two percent a year, it took me like

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<v Speaker 3>two years to check it. One or two percent a year.

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<v Speaker 3>That's equivalent to your money be invested in a savings account.

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<v Speaker 3>Think about a four one K. If you are actively

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<v Speaker 3>managing your funds, or you're critically thinking about what mutual

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<v Speaker 3>funds you want to select, then you should be returning

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<v Speaker 3>at least in my opinion, at least that what the

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<v Speaker 3>S and P five hundred is returning. So one to

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<v Speaker 3>two percent was too low for me. So I had

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<v Speaker 3>to go inside of my four one k, look at

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<v Speaker 3>the mutual funds that my employer has selected for me,

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<v Speaker 3>and then get smart, just like you all said informations

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<v Speaker 3>on the other side of your fingertips, get smart about

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<v Speaker 3>what mutual funds I thought we could perform better for

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<v Speaker 3>me versus what my employer selected. What are some of

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<v Speaker 3>the things that I look for. The first thing is

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<v Speaker 3>rule of thumb. You take one hundred and ten, you

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<v Speaker 3>subtracted by however old you are right now, and whatever

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<v Speaker 3>that resulting number is is the percentage of equities in

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<v Speaker 3>which your mutual funds should be invested.

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<v Speaker 4>So you said it one more time because I know

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<v Speaker 4>people missed it. But it's a good formula.

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<v Speaker 3>Yes, So you take one D and you subtract your age,

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<v Speaker 3>and whatever that resulting number is is the percentage of

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<v Speaker 3>equities in which you should be invested. Equities is synonymous

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<v Speaker 3>to stocks. You can have US equities, which is US companies.

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<v Speaker 3>You can have non US equities, which means that that's

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<v Speaker 3>foreign investments as foreign businesses it are being traded on

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<v Speaker 3>their stock markets. So whatever that number is, equity should

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<v Speaker 3>be represented there.

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<v Speaker 2>Ho hold, I just want to just because that was

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<v Speaker 2>that was actually a very very good, useful formula. So

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<v Speaker 2>if you're thirty years old, that's roughly eighty percent. Eighty

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<v Speaker 2>percent of your money should be in stocks. Yep, that's

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<v Speaker 2>extremely I agree.

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<v Speaker 3>You guys are sleeping on it.

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<v Speaker 4>Write that down, crit it down, and they can play

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<v Speaker 4>in three weeks.

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<v Speaker 3>Like, what was the formula? Write it down? Now, write

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<v Speaker 3>it down, Come on down, think we should have one.

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<v Speaker 3>Come on, let's go.

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<v Speaker 4>You should be at money markets until you're like seventy

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<v Speaker 4>or eighty. I can't believe that.

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<v Speaker 3>So that is the thing about it is listen, y'all

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<v Speaker 3>give away a lot of free games. So you want

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<v Speaker 3>to look at the percentage of equities. You want to

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<v Speaker 3>get familiar with the different asset classes that are available

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<v Speaker 3>to you. So I heard Ian talking about bonds. You

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<v Speaker 3>can do real estate, you can do a mixed fund.

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<v Speaker 3>So like you want to take a look at what's

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<v Speaker 3>inside of that fun Next, you want to take a

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<v Speaker 3>look at your mutual fund. What is the expense ratio?

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<v Speaker 3>Because over time, the higher the expense ratio is, the

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<v Speaker 3>more expensive it is to keep that particular mutual fund.

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<v Speaker 3>I recommend that the expense ratio you'll be one percent

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<v Speaker 3>or fewer. Okay. Expense ratio is what fund managers charge

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<v Speaker 3>you to pay them to actively manage the investments within

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<v Speaker 3>your mutual fund portfolio. Okay, so that's one percent. You

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<v Speaker 3>take that one percent and you multiply it by the

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<v Speaker 3>money that you have invested in that account. It's important

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<v Speaker 3>that you understand what type of equities are in there.

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<v Speaker 3>So you may look at what is the type of

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<v Speaker 3>fund and may say things like large cap, mid cap,

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<v Speaker 3>small cap. I believe Ian was talking about this earlier too,

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<v Speaker 3>so large cap those are the large companies that you

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<v Speaker 3>definitely recognize their names. That's the Amazons, the Facebook's, the Microsoft's,

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<v Speaker 3>the Googles. But then during the pandemic, some of the

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<v Speaker 3>high performers have been the MidCap companies. So one particular

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<v Speaker 3>MidCap mutual fund that I owned, two companies that were

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<v Speaker 3>on there that were turned in triple digits. Tesla was

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<v Speaker 3>in there, Teledoc was in there. Those were two companies

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<v Speaker 3>that you absolutely know their name, and they returned it significantly. Why, because,

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<v Speaker 3>of course, we had a black swan event. No one

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<v Speaker 3>could have predicted that we would be in the middle

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<v Speaker 3>of a health pandemic, right, a health pandemic that nobody

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<v Speaker 3>could have anticipated. And those companies that were able to

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<v Speaker 3>serve our needs while we stayed at home, which is

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<v Speaker 3>why they call it stay at home stocks, were able

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<v Speaker 3>to experience tremendous growth. Okay, so MidCap MidCap, and then

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<v Speaker 3>you have small cap companies and so those are small

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<v Speaker 3>capitalized that's what that cap stands capitalized companies. Okay, so

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<v Speaker 3>you want to take a look at that. Now.

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<v Speaker 5>This episode is brought to you by P and C Bank.

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<v Speaker 3>Did I take a look at When I'm looking at

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<v Speaker 3>mutual funds, I'm looking at the sectors, so we know

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<v Speaker 3>there's eleven sectors in the stock market, Like, what are

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<v Speaker 3>the top three to four sectors within that fund? Again,

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<v Speaker 3>one of the things that I love about with Ian said,

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<v Speaker 3>he said, Hey, these were the top three performing sectors

0:11:46.360 --> 0:11:54.600
<v Speaker 3>for twenty twenty Technology? Was it communications? Consumer discretionary? Get

0:11:54.640 --> 0:11:57.400
<v Speaker 3>comfortable in figuring out what exactly does that mean? And

0:11:57.440 --> 0:11:59.760
<v Speaker 3>guess what Google is your friend on the other side

0:11:59.840 --> 0:12:02.760
<v Speaker 3>of your fingertips again, is information. Don't swim in the

0:12:02.760 --> 0:12:05.960
<v Speaker 3>ocean of knowledge and drowning ignorance. When we talk about technology,

0:12:06.000 --> 0:12:08.280
<v Speaker 3>that's an Apple, that's a Microsoft, that's a Google. When

0:12:08.320 --> 0:12:11.280
<v Speaker 3>we talk about consumer discretionary. That's home depot. Y'all was

0:12:11.320 --> 0:12:14.720
<v Speaker 3>in y'all house, fixing your closets, painting your walls, making

0:12:14.720 --> 0:12:17.280
<v Speaker 3>your house look pretty. That's McDonald's. Were not going to

0:12:17.320 --> 0:12:19.240
<v Speaker 3>negotiate if you should be eating them chicken nuggets. But

0:12:19.320 --> 0:12:20.960
<v Speaker 3>let me tell you, some people got tired of cooking.

0:12:20.960 --> 0:12:23.120
<v Speaker 3>They went right on in, not drive through. That's a

0:12:23.280 --> 0:12:30.480
<v Speaker 3>consumer discretionary category. Communications. Everybody was watching Netflix, Disney plus

0:12:30.520 --> 0:12:33.680
<v Speaker 3>the introduction of five G's, So that's Sprint. I ain't

0:12:33.679 --> 0:12:35.600
<v Speaker 3>gonna talk about y'all Sprint, folks, but the call always

0:12:35.679 --> 0:12:44.760
<v Speaker 3>drops rising communications sectors. Be smart about the sectors. What

0:12:45.040 --> 0:12:47.880
<v Speaker 3>are the companies that you're patronizing that you're spending your

0:12:47.880 --> 0:12:51.440
<v Speaker 3>hard earned dollars at during the pandemic after the pandemic

0:12:51.720 --> 0:12:55.240
<v Speaker 3>pre pandemic. Be smart about the sectors. What are the

0:12:55.280 --> 0:12:59.240
<v Speaker 3>sectors that underperform? Energy? Why? That's oil, right, that's oil.

0:13:00.160 --> 0:13:02.360
<v Speaker 4>You can't love Tesla and be pro energy too.

0:13:03.800 --> 0:13:05.880
<v Speaker 3>I mean that's clean energy, you know it, So that

0:13:05.920 --> 0:13:07.840
<v Speaker 3>you're looking at energy. You know, you say the planes

0:13:07.880 --> 0:13:10.600
<v Speaker 3>have been grounded, what do they require fuel? Right? When

0:13:10.600 --> 0:13:13.280
<v Speaker 3>we're talking about cars, some of you aren't commuting to

0:13:13.320 --> 0:13:15.400
<v Speaker 3>your nine to five. You're nine to five. You're not

0:13:15.520 --> 0:13:18.360
<v Speaker 3>driving from your house to your job. You walking from

0:13:18.400 --> 0:13:20.960
<v Speaker 3>your bedroom to your living room. Okay, so you're not

0:13:21.000 --> 0:13:26.200
<v Speaker 3>putting as much fuel in your car. Energy sector underperform, right,

0:13:26.280 --> 0:13:28.040
<v Speaker 3>So like that's ranking low. So you want to take

0:13:28.080 --> 0:13:29.960
<v Speaker 3>a look at those sectors and you want to see

0:13:29.960 --> 0:13:31.600
<v Speaker 3>if that makes sense, what are some companies that are

0:13:31.600 --> 0:13:33.720
<v Speaker 3>part of those sectors. And then I look at the

0:13:33.760 --> 0:13:36.679
<v Speaker 3>top ten holdings within that mutual fund, because I think

0:13:36.679 --> 0:13:39.199
<v Speaker 3>it's important you know, what are those top ten holdings,

0:13:39.200 --> 0:13:40.920
<v Speaker 3>how are they performing? And then the last thing that

0:13:40.920 --> 0:13:44.320
<v Speaker 3>I'll say is that, yes, I read the prospectives. That's important.

0:13:44.360 --> 0:13:46.800
<v Speaker 3>You should always read the prospectus. Yes, for some of

0:13:46.840 --> 0:13:48.360
<v Speaker 3>you all that's loan. But if you can sit and

0:13:48.400 --> 0:13:50.360
<v Speaker 3>you can watch Netflix and binge, watch it for three

0:13:50.400 --> 0:13:53.559
<v Speaker 3>consecutive days and text your boot, you can read the prospectus.

0:13:53.840 --> 0:13:57.720
<v Speaker 3>But I also look at the benchmark because the benchmark

0:13:58.200 --> 0:14:00.760
<v Speaker 3>is what the fund manager said that they were going

0:14:00.800 --> 0:14:03.880
<v Speaker 3>to this particular benchmark. I'm going to perform at or

0:14:04.000 --> 0:14:07.600
<v Speaker 3>better than this benchmark. What is a benchmark? The guys

0:14:07.640 --> 0:14:10.760
<v Speaker 3>talked about it on EYL. That's why y'all in here, right,

0:14:11.160 --> 0:14:13.800
<v Speaker 3>So like that might be the SMP five hundred, five

0:14:13.880 --> 0:14:17.320
<v Speaker 3>hundred publicly traded companies. That might be the Wrestle two thousand.

0:14:17.440 --> 0:14:19.120
<v Speaker 3>You know, is it a Wrestle two thousand growth? Is

0:14:19.160 --> 0:14:21.480
<v Speaker 3>it a Wrestle two thousand value? It might be the

0:14:21.520 --> 0:14:24.680
<v Speaker 3>Wressele twenty five hundred, It might be the Russell one thousand.

0:14:24.880 --> 0:14:27.600
<v Speaker 3>This benchmark if you look at and this is a

0:14:27.720 --> 0:14:30.200
<v Speaker 3>key that I do when I'm teaching my classes, I

0:14:30.240 --> 0:14:34.160
<v Speaker 3>go to markets ft dot com, or if you have

0:14:34.480 --> 0:14:38.560
<v Speaker 3>a trying to account with Fidelity or you know whatever,

0:14:39.000 --> 0:14:41.240
<v Speaker 3>wherever your four oh one k exists, going there, maybe

0:14:41.240 --> 0:14:43.320
<v Speaker 3>they have some resource tool. But I go to marketsft

0:14:43.440 --> 0:14:46.240
<v Speaker 3>dot com, I type in the stock symbol and I

0:14:46.320 --> 0:14:49.240
<v Speaker 3>click performance, And when you click performance, it will show

0:14:49.280 --> 0:14:52.440
<v Speaker 3>what was the benchmark for that particular mutual fund and

0:14:52.640 --> 0:14:56.960
<v Speaker 3>at what percentage did it return five years ago, three

0:14:57.000 --> 0:15:00.880
<v Speaker 3>years ago, one year ago, six months ago, three months

0:15:00.920 --> 0:15:05.320
<v Speaker 3>ago today if the stock market was open that day, Okay,

0:15:05.480 --> 0:15:08.120
<v Speaker 3>it might be fifteen percent, twenty percent. Right, Let's say

0:15:08.160 --> 0:15:10.440
<v Speaker 3>five years ago was fifteen percent, three years ago was

0:15:10.440 --> 0:15:13.800
<v Speaker 3>ten percent. Then you're gonna look at your mutual fund

0:15:14.280 --> 0:15:18.040
<v Speaker 3>and you want to see how well those fund managers

0:15:18.160 --> 0:15:20.720
<v Speaker 3>put the expense ratio. Did they charge you that one

0:15:20.760 --> 0:15:24.440
<v Speaker 3>percent that points zero five percent to work? If their

0:15:24.480 --> 0:15:28.040
<v Speaker 3>benchmark was fifteen percent. If Russell one thousand return fifteen

0:15:28.080 --> 0:15:32.280
<v Speaker 3>percent and your mutual fund returned six percent, they didn't

0:15:32.320 --> 0:15:34.920
<v Speaker 3>even meet their benchmark. That means they set a goal

0:15:34.960 --> 0:15:37.120
<v Speaker 3>that they couldn't even meet. And if they couldn't meet

0:15:37.160 --> 0:15:39.560
<v Speaker 3>their goal five years, three years, two years, one years,

0:15:39.560 --> 0:15:41.680
<v Speaker 3>what makes you think they're gonna meet the goal today.

0:15:42.200 --> 0:15:44.040
<v Speaker 3>So when I look at the mutual fund, I always

0:15:44.040 --> 0:15:46.000
<v Speaker 3>look at that benchmark, and I'm always looking at the

0:15:46.040 --> 0:15:49.280
<v Speaker 3>mutual fund and seeing if that percentage is higher than

0:15:49.320 --> 0:15:52.400
<v Speaker 3>the goal that the fund set for itself. And that's

0:15:52.440 --> 0:15:56.360
<v Speaker 3>important to look at performance long term because, like Eyl said,

0:15:56.680 --> 0:15:59.480
<v Speaker 3>twenty twenty was an amazing year for those people who

0:15:59.520 --> 0:16:02.000
<v Speaker 3>got small and got active in the market. If you

0:16:02.040 --> 0:16:04.600
<v Speaker 3>could afford to invest right those returns. Some of these

0:16:04.680 --> 0:16:08.480
<v Speaker 3>mutual funds were returning twenty thirty, forty fifty. We probably

0:16:08.480 --> 0:16:10.920
<v Speaker 3>cannot anticipate that that's gonna happen in twenty twenty one

0:16:10.960 --> 0:16:14.240
<v Speaker 3>with the introduction of the vaccine. But if you look

0:16:14.320 --> 0:16:17.840
<v Speaker 3>five years, three years, two years ago, pre pandemic. You

0:16:17.880 --> 0:16:20.760
<v Speaker 3>can see how those fund managers were managing that account

0:16:21.040 --> 0:16:23.800
<v Speaker 3>apps ince COVID, and that could be a future indicator

0:16:24.120 --> 0:16:25.960
<v Speaker 3>for their performance moving forward.

0:16:26.600 --> 0:16:29.320
<v Speaker 4>Well, what's now to cut you off? What's up? Mutual

0:16:29.360 --> 0:16:31.160
<v Speaker 4>fund or top two that you like, because I know

0:16:31.240 --> 0:16:32.640
<v Speaker 4>they're gonna kill us if we don't ask.

0:16:34.400 --> 0:16:38.000
<v Speaker 3>I like the Fidelity blue Chip Growth, so I believe

0:16:38.080 --> 0:16:40.640
<v Speaker 3>that that is write down to stick to stop tible

0:16:40.720 --> 0:16:44.200
<v Speaker 3>for that. But that's Fidelity blue Chip Growth. And then

0:16:44.240 --> 0:16:48.280
<v Speaker 3>I also like B and Y Melon small MiGCAP, so

0:16:48.320 --> 0:16:54.880
<v Speaker 3>that's dB max, so dB m a x dB max. Okay,

0:16:54.960 --> 0:16:56.160
<v Speaker 3>So those are the two that I have.

0:16:56.680 --> 0:17:00.160
<v Speaker 2>The Fidelity, I'm definitely familiar with the Fideliti make have

0:17:00.240 --> 0:17:03.240
<v Speaker 2>growth one as that's a that's a very good one.

0:17:04.480 --> 0:17:07.320
<v Speaker 2>That was a whole that like, and that the information

0:17:07.640 --> 0:17:11.280
<v Speaker 2>is not just for a four one ks like, that's

0:17:11.359 --> 0:17:14.960
<v Speaker 2>just broad range investment information. Like she just talked about

0:17:15.080 --> 0:17:19.240
<v Speaker 2>make cap large, cab small, cave, pe ratio looking benchmarks,

0:17:19.640 --> 0:17:21.040
<v Speaker 2>a lot of stuff that I don't think we even

0:17:21.040 --> 0:17:24.880
<v Speaker 2>spoke about before. So yeah, man, that was that was great.

0:17:25.119 --> 0:17:27.080
<v Speaker 2>I just I just want people to fully appreciate the

0:17:27.160 --> 0:17:29.880
<v Speaker 2>level of education because that was a lot, a lot

0:17:29.920 --> 0:17:31.879
<v Speaker 2>of gyms. Sometimes that you give people so many gyms,

0:17:31.920 --> 0:17:35.320
<v Speaker 2>it's just like they don't fully understand what's what's being

0:17:35.320 --> 0:17:37.280
<v Speaker 2>given to them. That was like a full blueprint of

0:17:37.359 --> 0:17:40.120
<v Speaker 2>actually how to break down fun.

0:17:40.280 --> 0:17:43.000
<v Speaker 5>Yeah, it's the crazy part is like to me when

0:17:43.000 --> 0:17:44.480
<v Speaker 5>I was listening to it, I'm like, Yo, this is crazy.

0:17:44.480 --> 0:17:47.360
<v Speaker 5>This sounds pretty similar to how we will research our ETFs.

0:17:47.400 --> 0:17:51.119
<v Speaker 2>Well, once you, like I said, learned about process, right,

0:17:51.200 --> 0:17:53.520
<v Speaker 2>once you learned one, it's like learning the language. Like

0:17:53.520 --> 0:17:56.320
<v Speaker 2>once you learn one thing, whether it's a mutual fund,

0:17:56.320 --> 0:17:59.160
<v Speaker 2>whether it's an ETF, whether it's an individual stock, it's

0:17:59.200 --> 0:18:01.439
<v Speaker 2>all it's also anonymous with each other, and that this

0:18:01.560 --> 0:18:03.200
<v Speaker 2>is what helps you. Like, once you start to learn

0:18:03.200 --> 0:18:06.760
<v Speaker 2>about the investment language, they're all very similar, so you

0:18:06.800 --> 0:18:10.520
<v Speaker 2>can use the same the same thing in individuals stocks,

0:18:10.520 --> 0:18:13.320
<v Speaker 2>with your brokerage, investing for your kid, doing the I

0:18:13.560 --> 0:18:16.200
<v Speaker 2>RA four one K. It's all very similar.

0:18:16.240 --> 0:18:18.080
<v Speaker 5>But then you know what the beautiful part is and

0:18:18.119 --> 0:18:19.879
<v Speaker 5>I give you a whole lot of credit. It's like,

0:18:20.200 --> 0:18:22.760
<v Speaker 5>think about all of what she just told you, Like

0:18:22.840 --> 0:18:25.159
<v Speaker 5>that's the homework, you know what I'm saying. People like Yo, well,

0:18:25.200 --> 0:18:27.960
<v Speaker 5>y'all y'all saying, like, do your homework for what she

0:18:28.160 --> 0:18:30.760
<v Speaker 5>just gave you a whole lesson of how to do

0:18:30.800 --> 0:18:33.160
<v Speaker 5>the homework when it comes to investment in mutual funds

0:18:33.160 --> 0:18:35.280
<v Speaker 5>and shout everybody. I see people putting up that we

0:18:35.840 --> 0:18:38.640
<v Speaker 5>went into death about expense ratios in the book club,

0:18:38.680 --> 0:18:40.240
<v Speaker 5>but you just laid it out.

0:18:40.440 --> 0:18:42.040
<v Speaker 2>We got we got the keys. You gotta get you

0:18:42.119 --> 0:18:50.200
<v Speaker 2>the teacher class, key, professor, professor key, you gotta get you,

0:18:50.240 --> 0:18:51.240
<v Speaker 2>gotta get your teacher class.

0:18:51.240 --> 0:18:53.080
<v Speaker 3>And I would love to join. I do want to

0:18:53.080 --> 0:18:56.120
<v Speaker 3>add that the one I just wanted to my Fidelity account.

0:18:56.480 --> 0:18:58.720
<v Speaker 3>That's why I keep Traditional IRA and we were talking

0:18:58.720 --> 0:19:00.960
<v Speaker 3>about four one ks. But like I said, this information

0:19:01.000 --> 0:19:05.080
<v Speaker 3>is transferable and that's f b g r X. That's

0:19:05.119 --> 0:19:08.600
<v Speaker 3>the stock tickers, so that's f b g r X

0:19:08.640 --> 0:19:11.480
<v Speaker 3>and that's Fidelity blue Chip.

0:19:13.000 --> 0:19:16.960
<v Speaker 2>They give it. It's a whole lot of game. My

0:19:17.119 --> 0:19:22.920
<v Speaker 2>graduates from my school being forced bad drop bag drop, Mike,

0:19:23.040 --> 0:19:25.160
<v Speaker 2>dropadrop drop.

0:19:36.080 --> 0:19:39.959
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