Speaker 1: Coach, the energy out there felt different. What changed for
Speaker 1: the team today?
Speaker 2: It was the new game day scratches from the California
Speaker 2: Lottery players.
Speaker 3: Everything.
Speaker 2: Those games sent the team's energy through the roof.
Speaker 1: Are you saying it was the off field play that
Speaker 1: made the difference on the field.
Speaker 2: Hey, little play makes your day, and today it made
Speaker 2: the game. That's all for now, coach, one more question.
Speaker 4: Play the new Los Angeles Chargers, San Francisco forty nine
Speaker 4: ers and Los Angeles Rams scratchers from the California Lottery.
Speaker 4: A little play can make your day. Peace made responsibly.
Speaker 4: Must be eighteen years or older to purchase late or claim.
Speaker 5: All Right, guys, welcome back Earnie a Lisia episode fifteen
Speaker 5: weeks two. That's my favorite number.
Speaker 3: Yeah, that's the trust free will.
Speaker 5: Yeah, we need to play for Golden State.
Speaker 3: That was your guy. Yeah that's a fact.
Speaker 5: That's a fact. So yes, you know. Once again, thank
Speaker 5: you guys for rocking with us. We appreciate you know,
Speaker 5: thank you for your support, all your encouraging words.
Speaker 3: DM.
Speaker 5: So today is a very very very special episode because
Speaker 5: everybody's been asking us to cover stocks.
Speaker 6: Can we what do we do? Can you teach us
Speaker 6: about it what should we invest in?
Speaker 5: Yeah, everybody's been asking us to cover stocks. So you know,
Speaker 5: real estate is real trendy right now. Everybody on Instagram
Speaker 5: and all over social media and YouTube, everybody's real estate investor.
Speaker 5: And it's cool, it's encouraging because you know, we need
Speaker 5: to invest in real estate. But nobody's really talking about
Speaker 5: stocks really, right, And that's one of the ways where
Speaker 5: most of the wealth in this country has been generated
Speaker 5: for generations in the stock market, right, ownership of companies.
Speaker 5: So we want to educate you guys on every area
Speaker 5: of finance and provide information so hopefully you know you
Speaker 5: can take that and make some money with it.
Speaker 3: Right.
Speaker 5: So so today we have an expert in the field
Speaker 5: and stock market field, friend of ours, friend of ours.
Speaker 5: So I'll give a quick backstory, right, So Quainn Martin,
Speaker 5: we started off rivals something like playing basketball, playing basketball,
Speaker 5: a cross crosstown rivals and you know, like myself, he
Speaker 5: went on to play Division one basketball and had a
Speaker 5: great career in college and he went to finance after college.
Speaker 5: He'll tell his own story. But you know, I always
Speaker 5: see Q all the time I was from Q. I
Speaker 5: see him all the time in the gym or health
Speaker 5: the end met and he always like, all this story,
Speaker 5: you didn't you didn't say it right, or you need
Speaker 5: to need to add some more to it, so you know,
Speaker 5: it's still soft and still so he's real knowledgeable. When
Speaker 5: I see him in the gym, he tells me these
Speaker 5: stories about all of these companies. I'm like, how do
Speaker 5: you notice stuff like this? Stuff that I don't even
Speaker 5: know when I'm in finance. So I'm like, we got
Speaker 5: to get you on the podcast to tell this to
Speaker 5: the people. So we did that. He's got him on
Speaker 5: the podcast. So yes, he's he's an expert in the field.
Speaker 5: No Series seven for anybody who's not familiar that allows
Speaker 5: you to sell securities. He's very knowledgeable about stock market
Speaker 5: worked for a lot of the top companies in Wall Street.
Speaker 5: So so yeah, man, thanks for coming.
Speaker 3: Thank you, thank you guys for having me. Man, it's
Speaker 3: a pleasure.
Speaker 5: Yeah. Yeah, can you just tell you telling people your
Speaker 5: story because you was telling us off off here a
Speaker 5: little bit about how you got into you know, finance
Speaker 5: and or Wall Street and all that, and it's actually encouraging.
Speaker 5: So can you just.
Speaker 3: Yeah, I have a bit of a I want to
Speaker 3: say movie script way I was, I want to say,
Speaker 3: in high school the career c student, not because I
Speaker 3: wasn't intelligent, but because basketball is kind of a crutch
Speaker 3: for me. Like I was really really good at basketball.
Speaker 3: So it was like, all right, I'm going to the league, right,
Speaker 3: Like you think to yourself, I'm all stayum averaging twenty
Speaker 3: and you're going to do these things and you're gonna
Speaker 3: go to the league being next to Lebron And that's
Speaker 3: not the reality for most kids, but your dream big.
Speaker 3: When I got to college, I spoke with my advisor
Speaker 3: about twenty minutes or so, and she hadn't looked at
Speaker 3: my profile yet. We just were just having a general
Speaker 3: convo and she then looks down after twenty minutes and goes,
Speaker 3: you got a lot more intelligent than your grades would
Speaker 3: lead me to believe. And the wonderful thing about college
Speaker 3: is that it starts back at zero. And for me,
Speaker 3: that reset things and I took school a lot more
Speaker 3: serious than I did in high school. When I was
Speaker 3: in college, and that opened some doors. Being a captain
Speaker 3: of the team, I was able to go to some
Speaker 3: dinners to represent the team, and being there I would
Speaker 3: meet people and they would get me business cards from
Speaker 3: different aspects, right, architecture and accounting and law, And through
Speaker 3: all of that, I ended up going to a couple
Speaker 3: of different scholarship dinners and a gentleman who worked on
Speaker 3: Wall Street with ex that's what a player goes, Hey,
Speaker 3: you remind me of myself at your age. But I
Speaker 3: don't know how bad you you want it, and I
Speaker 3: don't really know what you want to do. But are
Speaker 3: you interested in finance? It's very similar to sports. And
Speaker 3: I go, yeah, it's cool. You know, I'm twenty one,
Speaker 3: sounds good looking, dressed nice, and I was a marketing major.
Speaker 3: I was a business major, you know, so financearching on
Speaker 3: my radar as a whole, but business and everything else
Speaker 3: was so it kind of stuff together. He said, listen,
Speaker 3: I want you to call me every day for a
Speaker 3: month at five in the morning, not five oh one,
Speaker 3: not four fifty nine five on the dot. So I
Speaker 3: called him every day for a month at five in
Speaker 3: the morning, and I got down on the Wall Street
Speaker 3: and I got an internship, and I was able to
Speaker 3: work and really get a feel for the industry and
Speaker 3: the business and fell in love with it. And it's
Speaker 3: very similar to Will Smith puit of happiness because at
Speaker 3: that time, this is rec real stuff. At that time,
Speaker 3: I had one suit, I had a Sean John shirt
Speaker 3: with the French cuffs. I didn't know how to tie tie,
Speaker 3: and I didn't have a shave up. Looked like you're
Speaker 3: having this. I didn't belong. But my basketball competitiveness did
Speaker 3: not allow me to quit or not worked my potential
Speaker 3: and that opened a lot of doors and kind of
Speaker 3: led me to where I am here today and it's
Speaker 3: been a blessing.
Speaker 5: No, that's that's a dope story because when you said
Speaker 5: you had to call every day for five o'clock in
Speaker 5: the morning, first of all, I'm not even up the
Speaker 5: five o'clock nine people. But you know, that just shows
Speaker 5: And I'm pretty sure that the reason why that gentleman
Speaker 5: told you to do that is, you know, people just
Speaker 5: test you sometimes, right and they see like, okay, how
Speaker 5: serious are you want it? And people always say like
Speaker 5: I want to do that. It's like when Derek, we
Speaker 5: had Derek episode eleven, that was a great episodef They
Speaker 5: might an't check it out, but he pretty much said
Speaker 5: that people want to get rich with contingencies. They don't
Speaker 5: really want to put the work in. Right, it sounds
Speaker 5: good to start a business or to be successful, but
Speaker 5: they're lazy. They don't want to they don't want to
Speaker 5: put the work in.
Speaker 6: That's what I was telling I was telling C, like,
Speaker 6: this is the premise for earn your leisure, Like all
Speaker 6: the hard work that you've put in, those things that
Speaker 6: they've tested you to do, that sweat equity that no
Speaker 6: one sees, right, they just see the end result.
Speaker 3: But you've earned what you've done, you know what I mean.
Speaker 3: So that's dope.
Speaker 5: You gotta work, you gotta work. So all right, So
Speaker 5: Earner LIS is kind of like the college course every week.
Speaker 5: So this week is gonna be about stocks, and we're
Speaker 5: gonna break it into three segments and we're gonna do
Speaker 5: like a beginner's one on one. Then we're gonna do
Speaker 5: more advanced, and then we'll just take it to the
Speaker 5: next level on the third chapter. So I'll start the
Speaker 5: conversation if we're talking about stocks. This is how I
Speaker 5: kind of explain stocks when I teach it to my students.
Speaker 5: That it's kind of like a giant pizza pot, right,
Speaker 5: with like a million different slices, and then each slice
Speaker 5: represents a share of a company, right. And then if
Speaker 5: you buy one slice of Nike, now you're part owner
Speaker 5: of Nike.
Speaker 3: Right.
Speaker 5: And then obviously the more slices that you buy in
Speaker 5: the pie, you have a larger ownership of that pie.
Speaker 3: Right.
Speaker 5: But all publicly traded companies, that's on you know, the
Speaker 5: stock market, anybody can become an owner, and by buying ownership,
Speaker 5: whether it's in Snapchat or Facebook or Google, now you're
Speaker 5: a part owner of that company. And if the company
Speaker 5: does well, then the stock price goes up. If it
Speaker 5: doesn't do well, stock price goes down. And that's kind
Speaker 5: of like a real easy way to understand it. But
Speaker 5: I think that's kind of my take on it.
Speaker 3: I think that's like the baseline premise of it, like right,
Speaker 3: like it's we want to own shares, like we know
Speaker 3: what shares are, then we want to delve into Okay,
Speaker 3: what are we owning? Why are we owning? Right? We
Speaker 3: got the how? Right? We can go to different places
Speaker 3: be an e trade and share a builder and schwab.
Speaker 5: And can we just talk about that because a lot
Speaker 5: people might not know. I'm glad you brought that up
Speaker 5: because I get that question sometimes too, Like how do
Speaker 5: you buy stock. So it's relatively easy to do now, right,
Speaker 5: Like they have apps like Robinhood, like you said, Scotch Trade,
Speaker 5: e Trade, stuff like that. We can just go online
Speaker 5: and create a using ain't password and you know, the
Speaker 5: link it to your bank account and you can just
Speaker 5: buy stock. That part is relatively easy to do. But
Speaker 5: the next part is what people stumble because the thing
Speaker 5: that I think people have problems with stock is that, Okay,
Speaker 5: they know how to do it, but what stock do
Speaker 5: I buy? Right? It's kind of like just throwing darts
Speaker 5: at the board blind. So what you end up just
Speaker 5: randomly picking Netflix hoping it goes up right. So, like
Speaker 5: you you have something interested in, you said to us,
Speaker 5: as far as like when looking at stock, it's good
Speaker 5: to know, like what you're interested in? Can you just
Speaker 5: talk about that?
Speaker 3: I think the biggest thing for me to help me
Speaker 3: learn was picking areas of interest because the knowledge sticks. Right.
Speaker 3: We all had classes in school that we didn't like,
Speaker 3: Like we didn't like I like earth science and I
Speaker 3: really like science. Like it didn't stick even though like
Speaker 3: you know, you pass the class, get a bad or whatever,
Speaker 3: you ain't get in the class, right, but the information
Speaker 3: didn't stick. With me because it wasn't an interesting topic
Speaker 3: and you said to get yeah, you kind of want
Speaker 3: to get through it in this forum, right. I want
Speaker 3: to pick something that I'm interested in because when I
Speaker 3: read it, I'm going to retain it. I'm gonna hold
Speaker 3: on to it. I'm gonna build on top of it.
Speaker 3: So you're kind of an architect, right, I say. My
Speaker 3: model for myself every day is that I'm the architect
Speaker 3: of my legacy, right, and every day I'm putting a
Speaker 3: brick down from my legacy because you don't get to
Speaker 3: tell people to say you're not here. So the same
Speaker 3: thing goes forward every other place of life, where it's like,
Speaker 3: all right, I'm the architect of my portfolio. I'm the
Speaker 3: architect of my knowledge base. I'm the architect of whatever
Speaker 3: is I'm doing. I'm building and it's never gonna be finished. Right,
Speaker 3: It's like a skyscraper. You're just gonna keep on building
Speaker 3: on top of building. Your interest is what's gonna lead
Speaker 3: you to adding more bricks. Because if you're interested in tech,
Speaker 3: well somehow you'll probably end up in media, right, And
Speaker 3: if you're interested in that, you might end up in
Speaker 3: telecom and all so on, and so forth right, and
Speaker 3: all of a sudden, you have this wide knowledge base
Speaker 3: because you started here, but your interests help you build
Speaker 3: more bricks to kind of build your mental skyscraper, if
Speaker 3: that makes sense. So I always said it start there
Speaker 3: because you want to own this actual stuff, right, Facebook, Amazon, Netflix, Google,
Speaker 3: We want the sexy names. It'll go to your friends
Speaker 3: and say, hey, yeah, you know I owned Facebook, right
Speaker 3: and sexy everybody wants to own that. But the most
Speaker 3: important thing is starting off with interest so that you
Speaker 3: can build a knowledge base and you can start to
Speaker 3: build your own mental skyscraper that's going to hopefully take
Speaker 3: you places financially and mentally where you're growing in both spaces.
Speaker 5: So that's like Warren Buffett like his approaches. He invests
Speaker 5: in companies that he understands, right. So I always tell kids,
Speaker 5: like once again in the class, like okay, what do
Speaker 5: you have on your feet? Everybody that has Nike or Adidas, right,
Speaker 5: So it's like, Okay, you understand the brand because you
Speaker 5: spend all your money on it, right, So it's not
Speaker 5: like it's not foreign to like, you don't have to
Speaker 5: be a rocket scientist to figure out Okay, Kanye just
Speaker 5: did a deal with Adidas, or Beyonce just did a
Speaker 5: deal with a didas Adidas is hot right now, or
Speaker 5: Nike Lebron signed he got Jordan's coming out. So these
Speaker 5: are things that we understand and we don't have to
Speaker 5: be a stock market analyst to know that I'm already
Speaker 5: investing money in these companies by buying Yeah, why not
Speaker 5: in the actual company in the.
Speaker 6: Sense you're you're making the trend, right, So there's a
Speaker 6: reason why that company would up, whether it be like
Speaker 6: the iPhone, right it would raise applestock, or if Nike's
Speaker 6: putting out a new product or do you just put
Speaker 6: out a new product.
Speaker 3: We are the trend makers, you know what I mean? So,
Speaker 3: like that was one. That's one of the key things
Speaker 3: we say.
Speaker 6: So after we tell them, hey, this is what a
Speaker 6: share is, the next thing is like investing put money
Speaker 6: in what you already are invested in.
Speaker 3: So if it's arising as your phone.
Speaker 6: Company, then maybe you should have stock in that, or
Speaker 6: if it's Sprint whoever it is, right investing yourself.
Speaker 3: Yeah, and that's the biggest thing, right, Like we want
Speaker 3: to understand what we invest in. Like, no one likes
Speaker 3: an investment where you kind of don't understand what's going on,
Speaker 3: and it's kind of like gambling. Now it's not an investment.
Speaker 3: Now you're just gambling. And for all that you can
Speaker 3: go put their money on black and A see. I
Speaker 3: think I hope for the best. But when look at
Speaker 3: these companies, it's very key to understand why a company
Speaker 3: goes up or why a company goes down. The stock
Speaker 3: market is very similar to fashion. Right, I'm willing to
Speaker 3: pay the extra twenty dollars for Nike as opposed to
Speaker 3: Undam or why because it's Nike is a little bit cooler, right,
Speaker 3: And that's the thing you're paying for. I call it
Speaker 3: social equity. What I have on and what I'm dressed in.
Speaker 3: I have on Nike, Adidas, I have on Gucci, I
Speaker 3: have on Product. There's a reason why those items are
Speaker 3: priced in those spaces. They know people are buying, right,
Speaker 3: and we all know it's the same factory that makes
Speaker 3: some and they just put a tag on on. But
Speaker 3: you're willing to spend one hundred dollars more for this tag,
Speaker 3: right than the other tag because you want the social
Speaker 3: equity of somebody saying, okay, he looks good, Okay, I
Speaker 3: see him, and that's what you're buying. So you have
Speaker 3: to also know why this company's going up, why it's
Speaker 3: going down. And that goes back to interest, right, sweat equity.
Speaker 3: I need to now read You said.
Speaker 5: That you have to learn how to read and know
Speaker 5: the interest. Okay, you're interested in one thing, but now
Speaker 5: how do you actually examine to see if this is
Speaker 5: actually worth buying or not?
Speaker 3: Right?
Speaker 5: So you can read, but like what do you read?
Speaker 5: How do you know if something is actually worth flying
Speaker 5: or not?
Speaker 3: Social equity the social It's kind of a term I
Speaker 3: coined myself because I always look shopping. Yeah, that's not sure?
Speaker 3: Is it something I look like go shopping? Or just
Speaker 3: in life? Right? What kind of car you drive? And
Speaker 3: what kind of house do you live in? What town
Speaker 3: do you live in? What do you have in your house?
Speaker 3: People are very much into the social aspect, right, Like
Speaker 3: social media, you don't even really see the highlights. So
Speaker 3: it's like ESPN Top ten over again, right, No one
Speaker 3: ever kind of sees the grind and the failure and
Speaker 3: the ups and the downs and the ebbs and the flows. Right,
Speaker 3: we just see somebody pop up and they have all
Speaker 3: this stuff. How'd you get it right, but we don't
Speaker 3: care what the social equity says. I want that now,
Speaker 3: but you don't understand what that person went through to
Speaker 3: get or how they got, or they could be lying
Speaker 3: whatever it is. The idea is that people want to
Speaker 3: feel accepted. No one ever wants to be the dumbest
Speaker 3: person in the room. People are k with being the
Speaker 3: second dumbest person in the room because he's like, well
Speaker 3: you dumb, or so you know what, I with him
Speaker 3: being dumb. I'm not the numbest person in the room, right,
Speaker 3: But no one ever thinks past that. And so the
Speaker 3: idea is to get people to critically think. Because a
Speaker 3: lot of the things that we do habitually on a
Speaker 3: day to day basis, these are our habits, right. We
Speaker 3: don't ask any questions. Your mom says, when you grow up,
Speaker 3: brush your teeth in the morning, why not the afternoon.
Speaker 3: We were never not programming the question. Things are program
Speaker 3: just to accept them the way they are. That's not
Speaker 3: that stock market works. A stock could be a goodbye,
Speaker 3: and it could be going down right for other reasons
Speaker 3: that have nothing to do with why you think it
Speaker 3: should go down or why I think it should go down.
Speaker 5: So that's the part that I'm getting at. So what
Speaker 5: could make it, you know, broad range? What can make
Speaker 5: a stock go up? What can make a stock go down?
Speaker 5: Other than what's obvious to the naked.
Speaker 3: Eye or something like that. No, it's just perceptional. Like
Speaker 3: think about the market, right, This is all a gazi. Right,
Speaker 3: So as a CEO will get certain bonuses if a
Speaker 3: stock has certain peaks, right, this is okay, you're the
Speaker 3: CEO of ABC company, and they'll say you listen, if
Speaker 3: you can get the shares up to thirty dollars a
Speaker 3: share and hold it around this range for four months,
Speaker 3: we'll give you ten million dollars and then so on
Speaker 3: and so forth with getting the share price up. But
Speaker 3: it's all kind of like a figazzi. Why is it
Speaker 3: that price? Why is up? Wise? Down? Right? Forgets supply
Speaker 3: and demand and volume. A lot of it's just perception
Speaker 3: of the market. It's what the market perceives, what big
Speaker 3: money perceives, what somebody thinks, right, we get information. Now,
Speaker 3: if you own three shares at Apple and you like
Speaker 3: their third quarter earnings call, he owns one hundred million
Speaker 3: dollars Apple and he hates it. Who has more effect
Speaker 3: on how the stock goes, he does because he has
Speaker 3: more equity in the stock, so he has more say
Speaker 3: so in terms of how it moves. Even though you
Speaker 3: might be right with your three shares, he might be
Speaker 3: rolling in his perception right. So all this stuff is
Speaker 3: perception based, and that's why the sweat equity of actually
Speaker 3: reading and engal from yourself the subject matter of interest
Speaker 3: is going to help you understand the company. And if
Speaker 3: you understand Apple, it's going to be easy to understand Google,
Speaker 3: It's going to be easier to understand Amazon. It's going
Speaker 3: to be easier to understand any other kind of tech
Speaker 3: brand because the model of how they distribute their products,
Speaker 3: their ideas, and their messages they're not like the same same,
Speaker 3: but they're really similar, and it's going to help you
Speaker 3: pick up on ideas. Facebook used and tactic called a
Speaker 3: little bighorn right, and they went into Texas. They went
Speaker 3: to University of Texas and said, hey, we want to
Speaker 3: give y'alls Facebook. The University of Texas said not, We're
Speaker 3: University of Texas. We're good. So they went to Texas
Speaker 3: A and M Texas State, SMU every school in Texas
Speaker 3: around and gave them Facebook to the point where students
Speaker 3: at Texas said, Yo, why we have Facebook? And the
Speaker 3: Texas was just forced to do business with Facebook. That
Speaker 3: happens in business all the time, Right, It's something we
Speaker 3: don't pay attention to. But these triggers and levers to happen.
Speaker 3: You'll start to notice as you read. And I said,
Speaker 3: you build the brick, right, you're building when you get
Speaker 3: to the second floor, you go, I get that. Now
Speaker 3: I can now read tea leaves. I've seen this coming, right,
Speaker 3: I see what possibly can happen. I don't know what's
Speaker 3: going to happen, but I can have an idea based
Speaker 3: on how well I know it. You play ball, if
Speaker 3: I come down, I go in and out. I'm either
Speaker 3: gonna cross or I'm gonna go straight. So as a defender,
Speaker 3: you know what I'm gonna do, or have an idea
Speaker 3: so you can react a little faster. Right, it's the
Speaker 3: same thing that we use every day.
Speaker 6: I'm gonna go backwards just a little bit because you
Speaker 6: said reading and that's important. On the last episode, on
Speaker 6: episode fourteen, we talked about the importance of reading and
Speaker 6: a lot of times we get discounted because we're not reading.
Speaker 3: The catcher and the Rye.
Speaker 6: Right, what publications should we be reading if we're trying
Speaker 6: to invest in the South market?
Speaker 3: I think the Wall Street Journal is good to read.
Speaker 3: Barns is a little bit of advanced, but Barons is
Speaker 3: a good place to start to read. I think Financial
Speaker 3: Time is a good place to read. I think the economists,
Speaker 3: even though it's not solely finance stock base, it gives
Speaker 3: you a premise of outside the scope of how we think.
Speaker 3: Because we think domestically, right, we think about what affects
Speaker 3: America and when you're dealing with stocks and companies, these
Speaker 3: are global companies, right, So how does Europe affect this company?
Speaker 3: How does China affect this company? How does India affect
Speaker 3: this company? We don't think like that. We think, okay,
Speaker 3: well you have a Verizon service, so you figure I'm
Speaker 3: going to invest my money in Verizon, right, because but
Speaker 3: Verizon's a global brand. So what's going on in Australia?
Speaker 3: What's going on here? When you look at the country
Speaker 3: like India, they have a billion people? Right? How many
Speaker 3: people on Indy do you think have a cell phone?
Speaker 3: I'm gonna say.
Speaker 5: Fifty million, yeah, something small enough, ten.
Speaker 3: Million, one hundred, like eight million, hundred and nine million
Speaker 3: people and a billion. So it's an arms race between
Speaker 3: Walmart and Apple. The boyst country gets to India because
Speaker 3: they're building the middle class. Feel like the same thing's
Speaker 3: happening in China.
Speaker 6: I we spoke off the game about China Mobile and
Speaker 6: it was like, they're trying to build so much infrastructure
Speaker 6: because they almost have two billion people.
Speaker 3: Right, But it's a race to the middle class. Right.
Speaker 3: And but when you look at the company on a
Speaker 3: broad scale, and I look at it like a company
Speaker 3: and I have like Netflix, and I said, okay, do
Speaker 3: really well. They have a lot of subscribers. We understand
Speaker 3: how it works, but they haven't really touched Europe or
Speaker 3: other countries, so there's growth there. That's what gets you interested, right,
Speaker 3: And those are the kind of things when you start
Speaker 3: to read about companies you go kind of interested. Now
Speaker 3: now I'm interested because I know if they're doing well here,
Speaker 3: there's an opportunity here.
Speaker 5: Right.
Speaker 3: All we want in life is options, the same thing
Speaker 3: everywhere else. Right, I want the option to go out
Speaker 3: to eat. I want to have options, but I want
Speaker 3: to eat here here here, I want to have that
Speaker 3: option or I want an option. What kind of calling
Speaker 3: jobs I want to out eat, Do I want to bends?
Speaker 3: Do I want right? I want that option? That's who
Speaker 3: if we work for We work to have options.
Speaker 5: Right.
Speaker 3: So the same thing in the market is that understanding.
Speaker 3: These companies now pull levers, and the more you understand
Speaker 3: what you're digesting and investing in, the more options and
Speaker 3: you'll have. Now it's a slow reward. This thing isn't
Speaker 3: a I'm gonna put money in on Monday and be
Speaker 3: rich on Wednesday. This is a character choice when you're
Speaker 3: talking about starting from scratch, right in terms of billing
Speaker 3: your portfolio. So now you might not see the siege
Speaker 3: of labor, right. It might go to your kids, right,
Speaker 3: Or it might be something that is a passion project
Speaker 3: and you can only fund so much. We have to
Speaker 3: be realistic, like everybody doesn't have one hundred thousand thrown
Speaker 3: to the market or a million. You start winning thousand here,
Speaker 3: one thousand there. So you have to be patient with
Speaker 3: it and be patient with your own growth, the same
Speaker 3: way that we're patient in life with different things. That's
Speaker 3: gonna lead us into a very interesting story.
Speaker 5: Ye all right, So yeah, so now you got the
Speaker 5: you know, the groundworks that was a lot. We're going
Speaker 5: now we're gonna go into the hot topics of the day.
Speaker 5: All right, So now we're going to go into some
Speaker 5: hot topics because everybody's been talking about the stock market
Speaker 5: recently for a couple of different companies, lifting Google specifically,
Speaker 5: a couple others.
Speaker 3: Pinterest is another one, Pinterest.
Speaker 5: But everybody's interested in lifting Google, they just well lift
Speaker 5: IPO and Uber is about the IPO. Right, So everybody's
Speaker 5: been hitting us up, like you, can you talk about Lyft?
Speaker 5: Can you talk about what Ibo? Should we buych you?
Speaker 5: You're not so First of all, we're not here to
Speaker 5: give you stock advice. We're just here to give you
Speaker 5: information and then from the information you can, you know,
Speaker 5: do whatever you want. Right, so Q all right? The
Speaker 5: first question is that IPO. Right, A lot of people
Speaker 5: will hear this term, but they're not They don't fully
Speaker 5: even understand.
Speaker 3: What itself gotcha. So it's an initial public offering.
Speaker 6: A lot of times we see the evaluation for a company, Yeah,
Speaker 6: and like, is that how the process they get the numbers?
Speaker 3: Well, the evaluation can come from a multitude of things.
Speaker 3: The valuation. You can look at a company and think
Speaker 3: that the company's worth thirty billion. You can look at
Speaker 3: a company and thinks the company's worth ten billion. Right.
Speaker 3: Everybody has different metrics on what they value stuff. And
Speaker 3: again the evaluation is from without looking inside. Right, this
Speaker 3: is just on the outside of your house, like the appraisal, right,
Speaker 3: So it's appraising you. So the evaluation could be correct,
Speaker 3: could not.
Speaker 5: Be because I was gonna say, because right now, uber
Speaker 5: is possibly they look at a hundred billion.
Speaker 3: Somewhere in the realm, they're gonna come up.
Speaker 5: With a high ve It might be one of the
Speaker 5: higher ones, a hundred let's say, one hundred billion dollars
Speaker 5: valuations what they're looking at. And they've never made a profit. No,
Speaker 5: So that's another thing, right, lifts never made a profit.
Speaker 3: So that part of it is like basically, once you
Speaker 3: go an IPO and you haven't made a profit, that
Speaker 3: clock starts ticking. Now you got to make it appeal, right,
Speaker 3: and they'll give you some quarters to kind of get
Speaker 3: your feet wet stuff together. Right, But eventually, now you're
Speaker 3: open to investors and public investors and other institutions and
Speaker 3: hedge funds who all have different motives. You might be
Speaker 3: a long term investor, he might be a hedge from
Speaker 3: looking to make a quick buck or make him look
Speaker 3: to make a power play. Right, And that kind of
Speaker 3: gets into the market if you aways want to think
Speaker 3: about it, like the ocean, right, you got sharks, and
Speaker 3: you have fish, and you have whales, and you have eels,
Speaker 3: and you have seals. You have all these different creatures.
Speaker 3: They all have different purposes, right, the octopus saying they
Speaker 3: all just want to live their life in the ocean.
Speaker 3: They want what they want, right. The eel's not worried
Speaker 3: about what the shark's doing, and the shark's not worried
Speaker 3: about what the coyfish is doing. They're all just living
Speaker 3: in the same atmosphere. But they have different purposes. And
Speaker 3: that's a stock market when you start to get into
Speaker 3: the exchange and all these different investors, right, that's a
Speaker 3: deeper dive when you're getting into this IPO market. The
Speaker 3: company's doing it because they feel like with the extra cash,
Speaker 3: they'll be able to take their company to the next level,
Speaker 3: the same way that you might take a home equity
Speaker 3: loan out because you feel like you take your house
Speaker 3: to the next level. You'll raise evaluation in your house
Speaker 3: by adding the bathroom or adding the kitchen or adding
Speaker 3: something to your home, right and eventually going to pay
Speaker 3: that money back because that's a debt. Right, they're offering equity,
Speaker 3: that's debt. They owe money. Money. They using other people's
Speaker 3: money to take themselves to the next level, the same
Speaker 3: way as people we take loans and credit cards to
Speaker 3: take ourselves to the next level. Companies do. Right, we're
Speaker 3: all owned. We're the CEOs of our own companies every day. Right,
Speaker 3: So you're balance, youet of what you do on a
Speaker 3: daily basis, you're the CEO. You are Rashaw as a
Speaker 3: CEO of Rashard Co. So decisions you make on a
Speaker 3: daily basis the same way as CEO makes decisions for
Speaker 3: his company. So you start to look at it like that,
Speaker 3: it all kind of connects together. You know, You're like, okay,
Speaker 3: I understand why they would do this now because he's
Speaker 3: moving in the best interest the same way that you
Speaker 3: would do that, right.
Speaker 5: Like so then also all right, but so snapchat, right
Speaker 5: can we talk? They still haven't made a profit, okay,
Speaker 5: and they say that they might never make a profit,
Speaker 5: right yep. So okay, So these companies come into the
Speaker 5: stock market like Uber and Lifting never made a profit.
Speaker 5: But from from my perspective and the easiest way to explain,
Speaker 5: people will still give them a benefit of the doubt
Speaker 5: because they believe in the business model anything. One day
Speaker 5: they will turn a profit, right, But sometimes they don't
Speaker 5: turn a profit, like Snapchat.
Speaker 3: So now it comes down to potential. Right, at some
Speaker 3: point in time, you get too old to have potential right,
Speaker 3: like basketball life, right, Like if I don't get it
Speaker 3: right at seventeen years old, it's like, well, you have
Speaker 3: your whole life ahead of you, and I don't get
Speaker 3: it right at twenty four, where you're still young. I
Speaker 3: don't get it right at twenty six, Hey you kind
Speaker 3: of on your last legs. I don't get it right
Speaker 3: at thirty five, Like fam, you just didn't figure it out.
Speaker 3: That's that's what I say, Right, like a dud, don't
Speaker 3: make it thirty. At a certain point in time, it's
Speaker 3: the potential is going right. I can't use that as
Speaker 3: a as an excuse as to why I'm not accomplishing something.
Speaker 3: And so except all these things in the stock marketing
Speaker 3: and all these things in life kind of tying together.
Speaker 3: So yeah, on potential, I'm going to invest in this
Speaker 3: company because it can be fruitful if I was investing.
Speaker 3: That's what the person's thinking. Right, they're saying, Okay, I
Speaker 3: get the premise. I understand the business concept. I understand
Speaker 3: how they make money, how they plan to make money,
Speaker 3: what they're going to do. First part. Second part is
Speaker 3: are they going to execute? Right? We understand now, but
Speaker 3: do I believe in the execution? And then if they
Speaker 3: don't execute, what's my next move? Everybody never, nobody ever
Speaker 3: plans a fail like people always plan for everything to
Speaker 3: go right, and that's not how life works. Right when
Speaker 3: I was a kid, Okay, I'm gonna get my degree
Speaker 3: at twenty two, I've be married at twenty five, make
Speaker 3: six figures at twenty six, I'm gonna have a kid
Speaker 3: at thirty. Like that never happens.
Speaker 7: This episode is brought to you by P and C Bank.
Speaker 7: A lot of people think podcasts about work are boring,
Speaker 7: and sure, they definitely can be, but understanding a professionals
Speaker 7: routine shows us how they achieve their success little by little,
Speaker 7: day after day. It's like banking with P and C Bank.
Speaker 7: It might seem boring to safe plan and make calculated
Speaker 7: decisions with your bank, but keeping your money Boring is
Speaker 7: what helps you live or more happily fulfilled life. P
Speaker 7: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
Speaker 7: Boring since eighteen sixty five is a service mark of
Speaker 7: the PNC Financial Service Group PNC Bank National Association member fdic.
Speaker 3: Erners What's Up?
Speaker 7: You ever walk into a small business and everything just
Speaker 7: works like the checkout is fast, the receipts are digital,
Speaker 7: tipping is a breeze, and you're out the door before
Speaker 7: the line even builds Odds are they're using Square. We
Speaker 7: love supporting businesses that run on Square because it just
Speaker 7: feels seamless. Whether it's a local coffee shop, a vendor
Speaker 7: at a pop up market, or even one of our
Speaker 7: merch partners, Square makes it easy for them to take payments,
Speaker 7: manage inventory, and run their business with confidence, all from
Speaker 7: one simple system. If you're a business owner or even
Speaker 7: just thinking about launching something soon, Square is hands down
Speaker 7: one of the best tools out there to help you start,
Speaker 7: run and grow. It's not just about payments, it's about
Speaker 7: giving you time back so you can focus on what
Speaker 7: matters most Ready to see how Square can transform your business,
Speaker 7: visit Square dot com backslash, go backslash eyl to learn
Speaker 7: more that Square dot com backslash, go backslash eyl. Don't wait,
Speaker 7: don't hesitate. Let's Square handle the back end so you
Speaker 7: can keep pushing your vision forward.
Speaker 8: You just realized your business needed to hire someone yesterday.
Speaker 8: How can you find amazing candidates fast? Easy? Just use Indeed.
Speaker 8: Stop struggling to get your job posts seen on other
Speaker 8: job sites. With Indeed sponsored jobs, your post jumps to
Speaker 8: the top of the page for your relevant candidates, so
Speaker 8: you can reach the people you want faster. According to
Speaker 8: Indeed data, sponsored jobs posted directly on Indeed have forty
Speaker 8: five percent more applications than non sponsored jobs. Don't wait
Speaker 8: any longer. Speed up your hiring right now with Indeed,
Speaker 8: and listeners of this show will get a seventy five
Speaker 8: dollars sponsored job credit to get your jobs more visibility
Speaker 8: at indeed dot com slash pod Katz thirteen. Just go
Speaker 8: to Indeed slash pod kat z thirteen right now and
Speaker 8: support our show by saying you heard about Indeed on
Speaker 8: this podcast. Terms and conditions apply. Hiring Indeed is all
Speaker 8: you need.
Speaker 3: Life that punches you in the mouth and you know
Speaker 3: everybody's journey is different. So so I said, this stuff
Speaker 3: is all kind of like life based because at the
Speaker 3: end of the day, these journeys these companies are on
Speaker 3: are independent their own, Like the CEO's job is to
Speaker 3: do a certain job with the company and raise capital
Speaker 3: or to take the shares to a certain price. And
Speaker 3: Adidas in a Nike, though they are competitors, they might
Speaker 3: have different you know, operating procedures or different goals of
Speaker 3: what they want to do. And that comes down to
Speaker 3: like looking actually in the company at what they're doing well,
Speaker 3: what they're not doing well, and how their success or
Speaker 3: failure basically affects the ecosystem with which they live in,
Speaker 3: which is the stock market. For example, foot Locker derives
Speaker 3: a lot of the success from Nike, right, Nike's the
Speaker 3: big biggest shoe retailer in terms of sneakers. Twenty seventeen,
Speaker 3: Nike had a very bad fashion year. They didn't hit
Speaker 3: on a lot of different things right, so they had
Speaker 3: a down year that took foot Locker stock from like
Speaker 3: seventy to thirty bucks to drop like sixty five percent
Speaker 3: because they're tied to that. And then on top of
Speaker 3: Nike not having a good year and an affecting Footlocker.
Speaker 3: Nike said, We're now going to directly distribute shoes from Amazon.
Speaker 3: So the market said, oh, you guys are definitely in
Speaker 3: trouble now, right, And now you look at foot Locker
Speaker 3: and they've kind of built themselves back. And Nike had
Speaker 3: a better year the two seventies hit and the whole
Speaker 3: they have a bunch of different shoe lines and clothing
Speaker 3: lines that hit that did well, and that ecosystem, right,
Speaker 3: they're doing well affected foot Locker. So the same I said,
Speaker 3: it's like an ocean, right, the ecosystem and how we
Speaker 3: do things affects everybody. It's important to understand Nike, because
Speaker 3: I'm gonna understand Addis. It's going to help you understand
Speaker 3: under Armour, It's going to help me understand foot Locker.
Speaker 3: It's going to help me understand Sketchers, and help me
Speaker 3: understand all these other companies that are in the same
Speaker 3: ecosystem on a daily basis. And that will now affect
Speaker 3: what I want to invest in, if that's what I
Speaker 3: want to invest in.
Speaker 5: So would you recommend like specialty? All right? Like, So
Speaker 5: if I wanted to get started in a stock market, right,
Speaker 5: Should I just focus my energy and say, okay, I
Speaker 5: remember ready interested in tech. Let me just focus on
Speaker 5: tech so I can learn everything about tech that I
Speaker 5: need to know Google, Amazon, Facebook, all of these companies,
Speaker 5: or focus my energy on fashion or because then it's
Speaker 5: like okay, once I'm master that, like you said, now
Speaker 5: one tech company is kind of related to the next
Speaker 5: tech company, and I'll be able to read those publications.
Speaker 5: I'll kind of have my niche. Or would you just
Speaker 5: recommend like broad range learning much about as much things
Speaker 5: as possible.
Speaker 3: Like I said before, I'm a big proponent of read
Speaker 3: what you're interested in. That's the best way because you're
Speaker 3: gonna get excited to read, Like I don't think people
Speaker 3: get excited to read. Like you're not excited to read
Speaker 3: certain stuff like don't want to read the Apple contracts
Speaker 3: when it pops up and it's like you don't see
Speaker 3: what you're saying. Yes, I like saying, yo, we're gonna
Speaker 3: take information, we're gonna sell it here, and like okay whatever, agree, agree, agree, Right.
Speaker 3: No one likes to read, So the biggest thing is
Speaker 3: is to do the things that you don't like to
Speaker 3: do it you're not comfortable that's when you know you're growing.
Speaker 3: Like if I if I'm doing stuff and I'm not
Speaker 3: comfortable doing it because I don't have a comfortability, so I
Speaker 3: won't do it all the time. I need to do
Speaker 3: it because I'm grown. I don't need to keep on
Speaker 3: doing the same things that I'm comfortable with. Right, But
Speaker 3: the comfortability is and the interest.
Speaker 6: Just from a teaching standpoint, that comes with endurance, Like reading,
Speaker 6: endurance is a thing, right like the first time you
Speaker 6: read an article, maybe you do it for five minutes,
Speaker 6: and then that'xt time you do it for ten minutes,
Speaker 6: and then by you know, a.
Speaker 3: Month or six months, now you're reading for an hour. Right.
Speaker 3: You got to build that thing up. You gotta train
Speaker 3: yourself to do it, all right.
Speaker 5: So now, yeah, we gave you some some backgrow on it.
Speaker 5: So now we're gonna go into the next level of
Speaker 5: how you guys can actually get your foot in the
Speaker 5: game and and and start to make some money because
Speaker 5: it's one thing to learn about it, but it's another
Speaker 5: thing that actually profit from it, all right. Gosh, and
Speaker 5: now we gave you some background info on the stock markets,
Speaker 5: how stocks work, but now you know it's one thing
Speaker 5: as I said before to provide information, it's another thing
Speaker 5: that actually use the information. So now we want to
Speaker 5: give you some some tools that you can use yourself
Speaker 5: as far as you know to get your feet wet
Speaker 5: and investing. So all right, we talked about platforms, right,
Speaker 5: So there's there's a there's a there's a lot of
Speaker 5: different platforms how somebody can invest. Right. One of the
Speaker 5: apps is Robinhood, Right, what what's what? What's your favorite?
Speaker 5: Like what's your what?
Speaker 3: So it depends right like do you want to do?
Speaker 3: Do you bank with Chase and then you can do
Speaker 3: through JP Morgan Chase if you wanted to do it right?
Speaker 3: Do you bank through Bank of America? You do? Marion Lynch.
Speaker 3: If you bank through What's far you do? So there's
Speaker 3: platforms there. There's Scott Trade, there's e Trade, there's TD,
Speaker 3: there's Robinhood, there's Acorn, there are Glutton, your place.
Speaker 5: Acorn because somebody asks about Acorn Acorn as you uniqu platform.
Speaker 3: So Acorn is the company, if I'm not misinforms a
Speaker 3: company that I think action Cusher is a part of
Speaker 3: where they take the change when you use it and
Speaker 3: they buy shares with your change, and it's a way
Speaker 3: to get exposures to the market. Right, So like the
Speaker 3: game that we're playing is all about exposure. You don't
Speaker 3: know what you don't know, right, So then reading exposure
Speaker 3: these sites exposure. Now you're exposed to all these sites
Speaker 3: we're mentioning. Go on there, read their platform, read the offers,
Speaker 3: read call them. They have customer service people ask questions,
Speaker 3: say hey, if I choose you as opposed to them,
Speaker 3: what benefit do I have? Right, That's the thing. We're
Speaker 3: in a bubble right now the ideas that get out
Speaker 3: that bubble, and so what we want to preach is, yeah,
Speaker 3: there are a lot of platforms, and now the onus
Speaker 3: is on the person that do due diligence. I don't
Speaker 3: know what works best for you because I don't know
Speaker 3: your financial circumstances. I don't know where you've bank, I
Speaker 3: don't know what you're comfortable with. There are companies that
Speaker 3: have customer service scraps you can call before you make
Speaker 3: a trade, that will help walking through stuff. They'll help
Speaker 3: find research with you, they have platforms. It's extensive stuff.
Speaker 3: It's it's very labor intensive, right. All this stuff is
Speaker 3: labor intensive. So now this comes down to how passionate
Speaker 3: are you about things?
Speaker 5: So redefined pressure? And also I want to let people
Speaker 5: know too. A lot of time people have the misconception
Speaker 5: that you have to be wealthy or rich to invest
Speaker 5: in stock market, right, which is it's not.
Speaker 3: True because the end game. So the difference with how
Speaker 3: people think and not everybody things like this, Right, Money
Speaker 3: is temporary, It comes and goes ebbs and flows. Knowledge
Speaker 3: is what we're mining here, like we're crafting knowledge. Right.
Speaker 3: I can't take that from you. I can't go in
Speaker 3: your brain and take the knowledge. What makes the knowledge
Speaker 3: powerful is that you can build on it or you
Speaker 3: can share it, and you can make other people knowledgeable.
Speaker 3: And if me and you both happen to be knowledgeable,
Speaker 3: well then you have iron and shop and iron, right,
Speaker 3: And that's where it gets powerful. And then when I
Speaker 3: do have the actual capital to do things significantly, I'm
Speaker 3: ready mentally, right. So you can have a million dollars
Speaker 3: and not be sufficiently educated to move, and you can
Speaker 3: have one thousand dollars and be educated, and all you're
Speaker 3: doing is building your knowledge based until that moment comes
Speaker 3: where you have that money to make a significant move
Speaker 3: for yourself. So the ideas we're preaching exposure, we're preaching knowledge. Right,
Speaker 3: we'll get your hands in the dirt. But it comes
Speaker 3: down to an individual person. How bad do you want
Speaker 3: to learn the market? How bad do you want to
Speaker 3: be a resource for your friends and family? How bad
Speaker 3: do you want to see your goals happen. I don't
Speaker 3: control that. You don't control that. We're all CEOs our
Speaker 3: own companies. So again, a bunch of platforms, right, we
Speaker 3: can give you the names, we can list them out.
Speaker 3: By the end of the day, you have to do
Speaker 3: it's best for you. Because I don't wear a side small,
Speaker 3: so I can't try a side small short. I tell
Speaker 3: you if it's not, I'm gonna excel. Same thing for people.
Speaker 3: These platforms are good if you have this amount of
Speaker 3: money to invest and you're looking for this kind of
Speaker 3: customer service. If you don't want any customer service, you
Speaker 3: want to do it yourself, this platform is good if
Speaker 3: you want to be able to walk into a big
Speaker 3: branch and have a conversation with somebody about different things
Speaker 3: in the face it. Well, this is good for you.
Speaker 3: These things are all quite essential to what it is
Speaker 3: you're looking for.
Speaker 5: Yeah, now, I like what you said. As far as
Speaker 5: you can't take the knowledge. Because I had one friend
Speaker 5: who he he made He made a million dollars let's
Speaker 5: say roughly like, he made a million dollars young, right
Speaker 5: then he fell on some hard times and he lost
Speaker 5: pretty much all of it. But another one of my
Speaker 5: friends was talking to him and he was like, you're
Speaker 5: going to make a million dollars a gat easy. And
Speaker 5: when he said that, it was kind of like I
Speaker 5: asked him later, I'm like, why would you say that.
Speaker 5: You don't even know, Like it's not easy to make
Speaker 5: a million dollars. He said, because he already made it before,
Speaker 5: so he got the information. He understands how to do it. Now,
Speaker 5: you just got to do it again.
Speaker 3: That's like, that's what they said about the first millions.
Speaker 5: You can't like you say, you can't take somebody's knowledge.
Speaker 5: Once you have the knowledge to do it, you're going
Speaker 5: to do it again.
Speaker 3: Well, what makes them dangerous, right, like, in terms of
Speaker 3: being able to get that back, is that he has
Speaker 3: knowledge and experience. It's one thing to be a coach
Speaker 3: and coach a sport, but there's another thing to play
Speaker 3: and being in that moment because I can now coach
Speaker 3: from a different angle because I've been in that moment.
Speaker 3: So we watch coaches in the NBA and there's certain
Speaker 3: guys we look at and it's like that dude really
Speaker 3: was never in that moment, so it's hard for him
Speaker 3: to get across this player the significance of the moment
Speaker 3: because he didn't do it, or certain guys are not
Speaker 3: able to basically talk and communicate, like Michael Jordan's respect
Speaker 3: is a terrible owner, Like he's not good at putting
Speaker 3: the team together or gym and stuff because he was
Speaker 3: so great, so he can't compute how everybody's not great.
Speaker 3: But Larry Bird is able to get the most at
Speaker 3: an Indiana Pacers all the time, and they might not
Speaker 3: be the most talented players, but Larry Bird was the
Speaker 3: most athletic guy he would is super smart and very skills,
Speaker 3: so he's able to understand that and put teams together
Speaker 3: that are not juggernauts, but they're team that you don't
Speaker 3: we can't walk over. It's the same thing, right, Like
Speaker 3: a person that has experience plus the knowledge base is
Speaker 3: always going to double up faster. So if I lost
Speaker 3: that million or whatever it is, I can get it
Speaker 3: back faster, but not only do I have the life
Speaker 3: experience of what I went through. So I'm gonna just
Speaker 3: basically skip these hurdles. Right, these mistakes I've made, those
Speaker 3: are out the way. So if I skip these hurdles
Speaker 3: that might have cost me six months in mistakes, that's
Speaker 3: going six months to a million whatever the number is, right,
Speaker 3: And that's the power we have to first learn. So
Speaker 3: we're knowledgeable and we're armed. Right, I've armed myself to
Speaker 3: go into battle. I didn't go and I didn't run
Speaker 3: into the battle with nothing in my hands.
Speaker 6: To like, I'm gonna get smarter, and that's I mean,
Speaker 6: that's what we do, right, But nobody teaches us like
Speaker 6: especially stocks.
Speaker 3: It's not something that is learned in school. And if
Speaker 3: your parents have never invested in stocks, like.
Speaker 5: We have no armor when we got So what happens
Speaker 5: with most of the time, most middle class people in
Speaker 5: our community especially, is that people are intimidated with things
Speaker 5: they don't understand, they don't know right, So what ends
Speaker 5: up happening is that if you just stay away from
Speaker 5: it and you say it's over my head, I don't
Speaker 5: want anything to do with it, because especially when it
Speaker 5: comes to money, people is not going to invest in
Speaker 5: something or that they don't understand. So this is what
Speaker 5: the podcast is about, is to fully equip you. But
Speaker 5: before we leave, I wanted to talk about a couple
Speaker 5: of different ways where people can invest in stock market.
Speaker 5: Even if okay, even if you don't want to fully
Speaker 5: dive in and do the research and it may not
Speaker 5: be your forte, you can still invest in stock market. Right,
Speaker 5: There's other ways to invest. So there's like mutual funds
Speaker 5: White People allows you to invest in stock market without
Speaker 5: actually investing yourself, right, it's being done for you. In
Speaker 5: a mutual fund is a company like a Franklin, Simpleton
Speaker 5: or Oppenheim. And what they do is they pull together
Speaker 5: let's say one hundred and fifty different stocks and one
Speaker 5: mutual fund, and you pay a fee for that. But
Speaker 5: you're paying a fee because they're doing the work for you, right,
Speaker 5: So it's like a four to one kh a job
Speaker 5: where nobody really knows the money. And then form like okay,
Speaker 5: where it's invested. It's invested in stock market, but nobody
Speaker 5: knows which stock is actually invested in.
Speaker 3: Right.
Speaker 5: The same thing with a mutual fund kind of like
Speaker 5: you're investing in a mutual fund like it could be
Speaker 5: a tech fund, but that tech fun might have one
Speaker 5: hundred and fifty different stocks inside of it. Right. So
Speaker 5: the benefit with that is that a it allows you
Speaker 5: to invest in a low amount. It's like a lot
Speaker 5: of times, like fifty dollars a month minimum or like
Speaker 5: a thousand dollars a month long some So you're investing
Speaker 5: at a pretty low entry point and you don't have
Speaker 5: to do the work yourself, Like you don't have to
Speaker 5: research you you know it's being done for you. And
Speaker 5: the another way to invest is an index fund. Right,
Speaker 5: So an indexed fund, you know, attracts an index. So
Speaker 5: we have like the S and P five hundred or
Speaker 5: dal Jones and that's pretty much like a microcosm of
Speaker 5: the stock market. And so instead of you trying to
Speaker 5: pick stocks yourself, you're just investing in a broader stock
Speaker 5: market as a whole. And that's another way where it's
Speaker 5: it's passive, right because you're not actually doing the work,
Speaker 5: it's just mirroring the actual market. So I say those
Speaker 5: those two ways in particular because we want everybody to
Speaker 5: get involved in investing, and we encourage you to learn
Speaker 5: and to do it yourself if you would like to.
Speaker 5: But if not, that's still not an excuse no to
Speaker 5: not invest because you can still invest in a stock
Speaker 5: market without actually having to pick the stocks or do
Speaker 5: the work yourself.
Speaker 3: Right. I think the idea really is on a daily basis,
Speaker 3: are you challenging yourself? Right? Are you today? I go
Speaker 3: to sleep and then I'll wake up tomorrow and my
Speaker 3: better version of myself and all assets of life. Right, Like,
Speaker 3: forget finance, just aspects of challenging yourself. And when you
Speaker 3: start to challenge yourself, the reward comes right slowly, but
Speaker 3: show It's like if I want to lose weight. Sometimes
Speaker 3: I look in the mirror and it's like, well, I'm
Speaker 3: not losing weight, and this mighty see you go, hey man,
Speaker 3: losing weight And it's like I didn't know this because
Speaker 3: I see myself every day, so I will never notice
Speaker 3: the micro changes in myself. But in this kind of forum,
Speaker 3: the ideas that get better every day. And the great
Speaker 3: thing about the stock market, and the great thing about
Speaker 3: all the things you're speaking about is that it's tangible.
Speaker 3: We can feel it, we can read, we can touch it. Right.
Speaker 3: I can go to a Verizon store, I can walk
Speaker 3: into a Nike store. I can tangib I can feel
Speaker 3: it if I also can put up an article from
Speaker 3: the Wall Street Journal, or I can donate my money, right,
Speaker 3: I consider a donation. Right, So when I say donate money,
Speaker 3: you have to pay for the worsh Journal. But I'm
Speaker 3: donating to my knowledge. Right, I'm donating money to my
Speaker 3: knowledge fund. And then when I pay for betterers, I'm
Speaker 3: donating money to mine. I'm donating time to my knowledge.
Speaker 3: That's what I'm investing in myself to make myself better,
Speaker 3: because the better I am, the more I can do
Speaker 3: for other people. Right. So part of my journey was
Speaker 3: that I understood when I got into the game was
Speaker 3: the better I do, the more I can do for
Speaker 3: people who don't know, because they're gonna trust me because
Speaker 3: they figure, well, you work in this field, so I'm
Speaker 3: gonna trust you the certain way. I go to my
Speaker 3: dentists and they say, well you need this, and I
Speaker 3: always tell them you are professional. I'm gonna do what
Speaker 3: I'm told, but I also want to learn becaum not
Speaker 3: trying to just have dental work done for no reason.
Speaker 3: So I'm gonna ask questions as to why that's happening.
Speaker 3: And you can now tell me, I'm gonna learn. So
Speaker 3: the same thing premise holds true for this is any
Speaker 3: money or time you're donating to investing yourself. So these
Speaker 3: platforms also cost money. Let's not forget that this stuff
Speaker 3: isn't free. It's not free to be knowledgeable, and it's
Speaker 3: not free to just become an expert in something. It
Speaker 3: takes sweat, equity and time right in years, months, days,
Speaker 3: whatever you want to do, and it takes a financial investment.
Speaker 3: And I'm gonna waste twenty bucks thirty bucks on stuff
Speaker 3: I don't need right, no week and do everything. We
Speaker 3: always waste money, so we always find a reason. We
Speaker 3: can always find a reason why we should buy something.
Speaker 3: Oh man them Jordans on sale, you know they did
Speaker 3: with three hundred. I put them for one fifty. Found
Speaker 3: the reason I didn't need them, and this difference between
Speaker 3: the need and the want. Same thing with this, these
Speaker 3: platforms cost money. Well lost your journally costs money. Barrens
Speaker 3: cost money financial terms for x financial times. Excuse me
Speaker 3: costs money. The Economists costs money to subscribe yearly. Basis,
Speaker 3: this isn't like a chore, and if it is, it's
Speaker 3: not for you, right because you got to invest in
Speaker 3: yourself the same way you invest in your clothes and
Speaker 3: stuff that you might not have in five years. Right,
Speaker 3: you might not have those pairs stinkers in five years.
Speaker 3: But that knowledge in the article or you got that,
Speaker 3: you got that for a long time, just really quickly.
Speaker 5: The knowledge of the podcast yeah too, which is free.
Speaker 6: I just want to touch it because, like you said,
Speaker 6: like not having the armor is one thing, and investing
Speaker 6: yourself as far as literature and reading, Like in two
Speaker 6: thousand and seven, Rashad and a good friend about Jama
Speaker 6: and my brother Grat we started a company called Money
Speaker 6: through invest In and so you know we were into business, right.
Speaker 3: We didn't have no tools. We were just trying to
Speaker 3: learn on our own. And I subscribed to all these magazines.
Speaker 6: I read BusinessWeek and I got this great article and
Speaker 6: it was like, you know, things you should look into,
Speaker 6: So like that was the first thing out there looking
Speaker 6: at it, like what.
Speaker 3: Are my interests? Right?
Speaker 6: So I saw Apple and this is prior to the
Speaker 6: iPhone come out yet, And I saw this company called Badu,
Speaker 6: which was like the Chinese version of Google. I'm like,
Speaker 6: all right, Google's been China. This this is gonna be next,
Speaker 6: and then that's what China mo. I'm like, great, I'm
Speaker 6: gonna invest in these all right, bo, So I did it.
Speaker 6: I was like, the album's gonna be huge prior to
Speaker 6: it being released. And it was great for the first
Speaker 6: six months, and then two thousand and eight barcking crash
Speaker 6: and I got scared and I took all my money out, but.
Speaker 5: I still watched.
Speaker 6: I was still watching from the sideline, and I saw
Speaker 6: like companies go up sevenfold, and I'm like, oh my gosh.
Speaker 3: And then they did something called a split. You want
Speaker 3: to plain what it split is? So stock split? Could
Speaker 3: they either they do a reverse dock split or they
Speaker 3: can stock split. Right, So if you have one share
Speaker 3: and let's say this shares one hundred dollars, and the
Speaker 3: companies says, we're doing a four to one stock split,
Speaker 3: now you have four shares at twenty five dollars, right,
Speaker 3: and the reverse Dosplat's like, we're going to make those
Speaker 3: four shares one hundred dollars, right, So you have four
Speaker 3: twenty five dollars shares. Now you have one share of
Speaker 3: one hundred dollars. Companies do it for a multitude of reasons,
Speaker 3: whether it is to create ball, right, because the stock
Speaker 3: market doesn't supply and demand. Why is the stock called
Speaker 3: so much? Whether there's not a lot of volume, whether
Speaker 3: there's not a lot of shares that are out there
Speaker 3: that you can obtain, So the price goes up the
Speaker 3: same way that if like a sneaker comes out and
Speaker 3: then it gets sold out and it's two hundred dollars
Speaker 3: a Nike, but then you go on stock X and
Speaker 3: it's five hundred beans, you're like, yo, but that's the
Speaker 3: value because there's only so many shoes, and Liverson knows that,
Speaker 3: and they're going to raise the price. That's the same thing
Speaker 3: in the stock market. Sometimes the companies right will buy
Speaker 3: back shares of their stock to take them off of
Speaker 3: the market. By buying back the shares of their stock,
Speaker 3: I'm taking them off the market. It creates right, It
Speaker 3: creates a more demand for the stock because there's less
Speaker 3: of supply out there for me to get my hands on.
Speaker 3: So intrinsically it will raise the price of the stock
Speaker 3: or hopefully raise the price to the stock. Right, and
Speaker 3: raising the price of stock gives it a different profile.
Speaker 3: If a stock is trading at one hundred and fifty
Speaker 3: dollars a share has a different profile than the stock
Speaker 3: that's trading at five dollars a share. We're not even
Speaker 3: discussing the company. It decides to have what looks from
Speaker 3: the inside outside in. And so sometimes companies want to
Speaker 3: go from being Nike to Louis right, or from Louis
Speaker 3: to Nike right accessibility in terms of their demographic the
Speaker 3: customers will say. Some companies might say, hey, we're trading
Speaker 3: this seven hundred dollars a year, and we want to
Speaker 3: make our stock more accessible to people who can afford
Speaker 3: this range, say from one to fifty two hundred, right,
Speaker 3: And by doing the stock split or buying back these
Speaker 3: shares or different ideas they have, they're acting on what
Speaker 3: they think is best for their company. And again it
Speaker 3: kind of all ties into the ecosystem and everybody is
Speaker 3: going to do what's best for what for them and
Speaker 3: who makes a decisions CEOs CFOs coos right, and the
Speaker 3: perception of the stock on the market.
Speaker 5: Yeah, man, that's it's powerful. Man. Once again, we want
Speaker 5: to want to thank you for coming. And once again,
Speaker 5: this all comes back to what we always say is relationships. Right,
Speaker 5: Like as far as all the guests, people that we
Speaker 5: know personally or people that we've developed relationship recently. So
Speaker 5: me and Quinn go back a long time, so you
Speaker 5: know now to see him do his thing in finance
Speaker 5: is encouraging and once again, collaboration is better than competition
Speaker 5: like a man match, you know, so it makes sense
Speaker 5: to work across, right, And you know it's dope that
Speaker 5: you know, we invited them all and he had no
Speaker 5: problem coming on and giving his area of expertise, and
Speaker 5: this is what all of our guests have been doing,
Speaker 5: which is just really dope. So you know this is
Speaker 5: just you know, this is due the whole relationship and
Speaker 5: we know personally, right.
Speaker 3: So with your champion each other, yeah, not for sure.
Speaker 5: So you know that just lets you you guys know,
Speaker 5: wherever you're at in the world and your geographic location
Speaker 5: or whatever, develop those relationships. Relationships work more than money
Speaker 5: because ultimately, like you said, money's gonna come and go,
Speaker 5: but the knowledge and the relationships that you have can
Speaker 5: last a lifetime and you never know when somebody you
Speaker 5: know can help or when you can help somebody. So
Speaker 5: it's just beneficial. So do you have any initiatives that
Speaker 5: you are doing or anything that you want to make
Speaker 5: the public aware of anything.
Speaker 3: I'm in the future. I'm putting together some business and
Speaker 3: entrepreneur I want to say, workshops that will be accessible,
Speaker 3: you know, to our community, first Western County, I want
Speaker 3: to say, and trying to bring together some intelligent minds
Speaker 3: from different industries so that the youth are exposed to
Speaker 3: this and they understand that there is opportunity in different aspects.
Speaker 3: Like for me, I wasn't aware that these jobs existed
Speaker 3: growing up. Like I said, I thought, okay, I'm going
Speaker 3: to the league or you know, you can be a
Speaker 3: doctor or a lawyer. But there's a vast amount of
Speaker 3: jobs and the vast amount of opportunities absolutely, and it
Speaker 3: comes down to exposure. So a big initiative for me
Speaker 3: this year is really kind of getting my hands more
Speaker 3: in the dirt and being able to provide resources as
Speaker 3: far as my knowledge and then my relationships and bringing
Speaker 3: into the youth and saying, hey, these are your options.
Speaker 3: If you stated of course, if you go to class
Speaker 3: and you do the best you can and you build
Speaker 3: these habits, now you don't have a problem when you
Speaker 3: get older. The difficulty is when you don't build these
Speaker 3: habits as a youth or a teen or early the
Speaker 3: early twenties, and now you're thirty something and you don't
Speaker 3: have the armor to battle, right, And so we have
Speaker 3: to arm ourselves with knowledge, work, ethic, and habits to
Speaker 3: be able to be successful in this world because it's competitive,
Speaker 3: and that's just the general basis of well and get
Speaker 3: out there to the youth. I think it's super important,
Speaker 3: especially minorities, because these are things we're not privy to.
Speaker 3: These are things that we see on TV, and sometimes
Speaker 3: we don't feel from a self standpoint it's obtainable. But
Speaker 3: if I can put in front of you people of
Speaker 3: color and people who are minorities who have climbing these mountains,
Speaker 3: who are still climbing these mountains, who are still going
Speaker 3: through their process to be great in their legacy, and
Speaker 3: show you that it is obtainable, I think that's important.
Speaker 3: And that's what we said on the last episode is representation, Right,
Speaker 3: if you see it, then you.
Speaker 6: Most likely feel like you can be it. Then we
Speaker 6: don't see people in other fields. So I'm happy that
Speaker 6: you said that, and we got some stuff that we're
Speaker 6: working on this summer, so that's gonna be dope.
Speaker 3: We definitely have you.
Speaker 5: Yeah, we definitely want to have you well stuff together
Speaker 5: for sure. And one thing that Comunity said that was
Speaker 5: was vital is he said, all of this this information
Speaker 5: is an investment in yourself, right and you know as
Speaker 5: far as a platform to invest in yourself and to
Speaker 5: give a donation to your to your learning. So that
Speaker 5: leads me to our Patreon. Sure, Patreon, Yes, yes, Patreon
Speaker 5: is a way to financially support the podcast because yeah,
Speaker 5: we we're one of the few places where you can
Speaker 5: actually get information for free, but we were able to
Speaker 5: give more people information and do more things as we
Speaker 5: financially grow as well. So the Patreon is a way
Speaker 5: to be proud to pay as our guy, Nipsey the
Speaker 5: Great once championed with his uh mixtape campaign for the
Speaker 5: Pay where he gave the mixtape away on streaming service
Speaker 5: for free, but he also had a level where you
Speaker 5: could pay think up to one hundred dollars and a
Speaker 5: lot of people. It sold out because people what they
Speaker 5: were encouraged by him and they were, you know, proud
Speaker 5: to financially support him. So that's kind of what we
Speaker 5: have with the patreons.
Speaker 6: Patreon has been pretty dope, man. We've reached out to
Speaker 6: some people we've had great dialogue. We've got some video
Speaker 6: conference calls that were great, like people just picking our
Speaker 6: brains and avenues that we didn't even expect.
Speaker 3: But it's dope.
Speaker 6: You know, people want us to come out to their city,
Speaker 6: so like, yeah, keep supporting Patreon. We have some new
Speaker 6: members up and we have a few new video conference calls.
Speaker 6: So shout out to Savannah and Ta we'll be in
Speaker 6: contact with you this week. But yeah, keep shout out
Speaker 6: to Cody and uh Terry. We had a close with
Speaker 6: them and we're gonna do some work together. So that's dope.
Speaker 6: We just keep networking looking across. Like Quinn said, man,
Speaker 6: sometimes your neighbor could be doing amazing things you have
Speaker 6: no idea, So it's important to network and reach across
Speaker 6: for sure.
Speaker 5: Yeah, for sure, And don't forget the merch will be
Speaker 5: having some new items come out very soon. But right
Speaker 5: now we have the signature I actually have the assets
Speaker 5: of a liability shirt. This is our signature shirt. We
Speaker 5: have the hoodie, we have dad hats, we have the
Speaker 5: crap top hoodies for the ladies. So not all kinds
Speaker 5: of stuff going on with that Season two soon come, yes, yes,
Speaker 5: so yeah, cop the merch and then before I leave,
Speaker 5: I give a book tip. So today I'm go through
Speaker 5: two book tips. Since we talked about stocks, I would
Speaker 5: be remiss if I didn't mention the book How to
Speaker 5: Make Money in Stock Market or how to Make Money
Speaker 5: in Stocks by William O'Neill. You a readouble I have not.
Speaker 3: Okay, that's my audible player.
Speaker 5: I suggest everybody to read that book. Is the first
Speaker 5: book that I actually read about stocks, and it's very
Speaker 5: easy to read, and it explains stocks in a very
Speaker 5: understandable and very easy way to digest. And then also
Speaker 5: anybody that's interested in the music business, yes, yes, so
Speaker 5: the book act like a label, think like a manager.
Speaker 5: And this is written by none other than the producer
Speaker 5: of our podcast, CEO Sid. So if you're interested in
Speaker 5: the music business or just in goodness in general, but
Speaker 5: definitely if you're interested in the music business, check it out.
Speaker 5: You can go to Facebook, dot com, backslash CEO sid
Speaker 5: or Twitter or Instagram ceo Slate. We'll put the links
Speaker 5: up on the on the YouTube. But yeah, if you're
Speaker 5: interested in getting to the rap game, get into the
Speaker 5: R and B game. Like we always say, it's one
Speaker 5: thing to play the game. It's another thing to actually
Speaker 5: play the game efficiently and to know the rules of
Speaker 5: the game and knowledge. Going back to the stock mart, right,
Speaker 5: you got to have the knowledge of what you're doing.
Speaker 5: So check those two books out. Thank you guys for
Speaker 5: rocking with us, and we'll see you next week.
Speaker 1: Please please, Coach, The energy out there felt different. What
Speaker 1: changed for the team today?
Speaker 2: It was the new game Day scratches from the California Lottery.
Speaker 3: Play is everything.
Speaker 2: Those games sent the team's energy through the roof.
Speaker 1: Are you saying it was the off field play that
Speaker 1: made the difference on the field.
Speaker 2: Hey, little play makes your day, and today it made
Speaker 2: the game. That's awfu.
Speaker 3: Now, coach one more question.
Speaker 4: Played the new Los Angeles Chargers, San Francisco forty nine
Speaker 4: Ers and Los Angeles Rams Scratchers from the California Lottery.
Speaker 4: A little play can make your day. Peace play responsibly.
Speaker 4: Must be eighteen years or older to purchase play or
Speaker 4: claim