1
00:00:00,400 --> 00:00:04,280
Speaker 1: You just realized your business needed to hire someone yesterday.

2
00:00:04,800 --> 00:00:09,520
Speaker 1: How can you find amazing candidates fast easy? Just use Indeed.

3
00:00:09,960 --> 00:00:12,680
Speaker 1: Stop struggling to get your job posts seen on other

4
00:00:12,760 --> 00:00:16,439
Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to

5
00:00:16,480 --> 00:00:19,000
Speaker 1: the top of the page for your relevant candidates, so

6
00:00:19,120 --> 00:00:22,119
Speaker 1: you can reach the people you want faster. According to

7
00:00:22,160 --> 00:00:26,120
Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty

8
00:00:26,120 --> 00:00:30,040
Speaker 1: five percent more applications than non sponsored jobs. Don't wait

9
00:00:30,080 --> 00:00:33,519
Speaker 1: any longer, speed up your hiring right now with Indeed,

10
00:00:33,960 --> 00:00:36,200
Speaker 1: and listeners of this show will get a seventy five

11
00:00:36,280 --> 00:00:39,440
Speaker 1: dollars sponsored job credit to get your jobs more visibility

12
00:00:39,600 --> 00:00:45,320
Speaker 1: at indeed dot com slash pod Katz thirteen. Just go

13
00:00:45,360 --> 00:00:50,120
Speaker 1: to Indeed dot com slash pod katz thirteen right now

14
00:00:50,479 --> 00:00:53,040
Speaker 1: and support our show by saying you heard about Indeed

15
00:00:53,080 --> 00:00:57,400
Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is

16
00:00:57,440 --> 00:00:58,320
Speaker 1: all you need.

17
00:01:05,200 --> 00:01:07,280
Speaker 2: All right, guys, So a lot of people asks us

18
00:01:07,280 --> 00:01:09,000
Speaker 2: how do they make a podcast? So I'm let you

19
00:01:09,160 --> 00:01:13,319
Speaker 2: on a secret on the easiest, most productive way to

20
00:01:13,440 --> 00:01:15,840
Speaker 2: start a podcast and get it up and running, and

21
00:01:15,880 --> 00:01:19,360
Speaker 2: that is the app called anchor is free. They have

22
00:01:19,440 --> 00:01:21,600
Speaker 2: all kinds of cool creation tools that allow you to

23
00:01:21,680 --> 00:01:24,520
Speaker 2: record and edit your podcast right from your phone a computer.

24
00:01:24,959 --> 00:01:27,319
Speaker 2: They will distribute your podcast for you to all of

25
00:01:27,319 --> 00:01:31,520
Speaker 2: the major outlets including Spotify, Apple, Google, manymore, and you

26
00:01:31,520 --> 00:01:34,640
Speaker 2: can make money from your podcast with no minimum listenership.

27
00:01:34,880 --> 00:01:37,760
Speaker 2: It's everything you need to make a podcast in one simple,

28
00:01:37,880 --> 00:01:41,600
Speaker 2: easy place. So if you're interested in starting a podcast,

29
00:01:42,000 --> 00:01:45,959
Speaker 2: go download the free Anchor app or go to anchor

30
00:01:46,160 --> 00:01:48,000
Speaker 2: dot fm to get started.

31
00:01:48,120 --> 00:01:48,640
Speaker 3: Let's do it.

32
00:01:54,160 --> 00:02:00,520
Speaker 2: My graduates from my school being force backdrop drop drop

33
00:02:01,040 --> 00:02:14,040
Speaker 2: b drop. This is how I kind of explain stocks

34
00:02:14,080 --> 00:02:18,240
Speaker 2: when I teach it to my students that it's kind

35
00:02:18,240 --> 00:02:21,680
Speaker 2: of like a giant pizza pie, right, with like a

36
00:02:21,760 --> 00:02:25,640
Speaker 2: million different slices, and then each slice represents a share

37
00:02:25,680 --> 00:02:27,919
Speaker 2: of a company, right. And then if you buy one

38
00:02:27,960 --> 00:02:31,320
Speaker 2: slice of Nike, now you're part owner of Nike.

39
00:02:31,520 --> 00:02:31,720
Speaker 4: Right.

40
00:02:31,919 --> 00:02:34,320
Speaker 2: And then obviously the more slices that you buy in

41
00:02:34,400 --> 00:02:37,160
Speaker 2: the pie, you have a larger ownership of that pie.

42
00:02:37,280 --> 00:02:37,520
Speaker 4: Right.

43
00:02:38,320 --> 00:02:41,200
Speaker 2: But all publicly traded companies that's on you know, the

44
00:02:41,240 --> 00:02:45,760
Speaker 2: stock market, anybody can become an owner, and by buying ownership,

45
00:02:45,800 --> 00:02:49,239
Speaker 2: whether it's in Snapchat or Facebook or Google, now you're

46
00:02:49,240 --> 00:02:51,320
Speaker 2: a part owner of that company. And if the company

47
00:02:51,360 --> 00:02:53,480
Speaker 2: does well, then the stock price goes up. If it

48
00:02:53,520 --> 00:02:55,920
Speaker 2: doesn't do well, stock price goes down. And that's kind

49
00:02:55,919 --> 00:02:58,080
Speaker 2: of like a real easy way to understand it. But

50
00:02:59,000 --> 00:02:59,960
Speaker 2: that's kind of my take on it.

51
00:03:00,120 --> 00:03:02,600
Speaker 5: I think that's like the baseline and premise of it. Like, right,

52
00:03:02,639 --> 00:03:04,960
Speaker 5: like we want to own shares, like we know what

53
00:03:05,080 --> 00:03:08,720
Speaker 5: shares are, then we want to delve into Okay.

54
00:03:08,560 --> 00:03:11,320
Speaker 4: What are we owning? Why are we owning? Right?

55
00:03:11,400 --> 00:03:14,840
Speaker 5: We got the have right we can go to different places,

56
00:03:15,000 --> 00:03:19,720
Speaker 5: be it e trade and share, a builder and schwab.

57
00:03:19,040 --> 00:03:22,320
Speaker 2: And can we just talk about that because a lot

58
00:03:22,360 --> 00:03:25,000
Speaker 2: of people might not know. I'm glad you brought that

59
00:03:25,080 --> 00:03:26,760
Speaker 2: up because I get that course to sometlfs too, like

60
00:03:26,760 --> 00:03:29,720
Speaker 2: how do you buy stock? So it's relatively easy to

61
00:03:29,720 --> 00:03:32,520
Speaker 2: do now, right, Like they have apps like Robinhood, like

62
00:03:32,520 --> 00:03:34,480
Speaker 2: you said, scot Trade.

63
00:03:34,840 --> 00:03:35,840
Speaker 3: E Trade stuff like that.

64
00:03:35,880 --> 00:03:38,119
Speaker 2: We you can just go online and create a user name,

65
00:03:38,160 --> 00:03:40,880
Speaker 2: password and you know, the link it to your bank

66
00:03:40,920 --> 00:03:43,000
Speaker 2: account and you can just buy stock. That part is

67
00:03:43,040 --> 00:03:46,000
Speaker 2: relatively easy to do. But the next part is what

68
00:03:46,080 --> 00:03:47,920
Speaker 2: people stumble because the thing that I think people have

69
00:03:48,040 --> 00:03:50,920
Speaker 2: problems stock is that, Okay, they know how to do it.

70
00:03:51,280 --> 00:03:53,400
Speaker 3: But with Stocked, I buy, right, it's kind of like

71
00:03:54,040 --> 00:03:55,520
Speaker 3: just throwing darts at the board blind.

72
00:03:55,600 --> 00:03:58,760
Speaker 2: So what you end up just randomly picking Netflix hoping

73
00:03:58,800 --> 00:04:01,560
Speaker 2: it goes up. Right, you have something interested in, you

74
00:04:01,600 --> 00:04:03,920
Speaker 2: said to us as far as like when looking at stock,

75
00:04:04,640 --> 00:04:06,680
Speaker 2: it's good to mo like what you're interested in?

76
00:04:07,080 --> 00:04:07,920
Speaker 3: Can you just talk about that?

77
00:04:08,000 --> 00:04:10,440
Speaker 5: I think the biggest thing for me to help me

78
00:04:10,560 --> 00:04:13,920
Speaker 5: learn was picking areas of interest because the knowledge sticks.

79
00:04:14,280 --> 00:04:16,560
Speaker 4: Right. We all had classes in school.

80
00:04:16,240 --> 00:04:18,320
Speaker 5: That we didn't like, Like, we didn't like I didn't

81
00:04:18,360 --> 00:04:21,680
Speaker 5: like earth science and related like, it didn't stick even

82
00:04:21,720 --> 00:04:23,680
Speaker 5: though like you know, you passed a class, get a

83
00:04:23,720 --> 00:04:25,440
Speaker 5: B or whatever, you ain't get in the class, right,

84
00:04:25,480 --> 00:04:28,240
Speaker 5: but the information didn't stick with me because it wasn't

85
00:04:28,240 --> 00:04:29,160
Speaker 5: an interesting topic.

86
00:04:29,200 --> 00:04:31,200
Speaker 4: And you, yeah, you kind of want to.

87
00:04:31,200 --> 00:04:33,880
Speaker 5: Get through it in this forum, right, I want to

88
00:04:33,880 --> 00:04:36,440
Speaker 5: pick something that I'm interested in because when I read it,

89
00:04:36,440 --> 00:04:37,400
Speaker 5: I'm going to retain it.

90
00:04:37,560 --> 00:04:39,400
Speaker 4: I'm gonna hold on to it, I'm gonna build on

91
00:04:39,440 --> 00:04:39,880
Speaker 4: top of it.

92
00:04:39,960 --> 00:04:42,120
Speaker 5: So you're kind of an architect, right, I say my

93
00:04:42,440 --> 00:04:45,080
Speaker 5: model for myself every day is that I'm the architect

94
00:04:45,120 --> 00:04:47,760
Speaker 5: of my legacy, right, and every day I'm putting a

95
00:04:47,839 --> 00:04:51,000
Speaker 5: brick down from my legacy because you don't get to

96
00:04:51,040 --> 00:04:53,440
Speaker 5: tell people to say we're not here. So the same

97
00:04:53,480 --> 00:04:56,040
Speaker 5: thing goes forward every other place of life, where it's like,

98
00:04:56,040 --> 00:04:58,520
Speaker 5: all right, I'm the architect of my portfolio, I'm the

99
00:04:58,600 --> 00:05:01,839
Speaker 5: architect of my knowledge base. I'm the architect of whatever

100
00:05:01,960 --> 00:05:04,320
Speaker 5: is I'm doing. I'm building and it's never going to

101
00:05:04,400 --> 00:05:06,359
Speaker 5: be finished. Right, It's like a skyscraper. You're just going

102
00:05:06,400 --> 00:05:09,400
Speaker 5: to keep on building. On top of building, your interest

103
00:05:09,760 --> 00:05:11,680
Speaker 5: is what's going to lead you to adding more bricks,

104
00:05:11,720 --> 00:05:14,920
Speaker 5: Because if you're interested in tech, well, somehow you'll probably

105
00:05:14,960 --> 00:05:17,719
Speaker 5: end up in media, right, And if you're interested in that,

106
00:05:17,839 --> 00:05:20,279
Speaker 5: you might end up in telecom and all so on

107
00:05:20,320 --> 00:05:22,039
Speaker 5: and so forth right, And all of a sudden you

108
00:05:22,120 --> 00:05:26,040
Speaker 5: have this wide knowledge base because you started here, but

109
00:05:26,120 --> 00:05:28,479
Speaker 5: your interests help you build more bricks to kind of

110
00:05:28,480 --> 00:05:31,640
Speaker 5: build your mental skyscraper, if that makes sense. So I

111
00:05:31,640 --> 00:05:34,159
Speaker 5: always said start there because you want to own the

112
00:05:34,160 --> 00:05:38,280
Speaker 5: sexy stuff, right, Facebook, Amazon, Netflix, Google. You want the

113
00:05:38,279 --> 00:05:41,200
Speaker 5: sexy Thing'll go to your friends and say, hey, yeah,

114
00:05:41,240 --> 00:05:44,919
Speaker 5: you know, I own Facebook, own ample, right, and sexy

115
00:05:44,920 --> 00:05:48,720
Speaker 5: everybody wants to own that. But the most important thing

116
00:05:48,839 --> 00:05:52,040
Speaker 5: is starting off with interest so that you can build

117
00:05:52,080 --> 00:05:54,800
Speaker 5: a knowledge base and you can start to build your

118
00:05:54,839 --> 00:05:58,800
Speaker 5: own mental skyscraper that's going to hopefully take you places

119
00:05:59,560 --> 00:06:02,800
Speaker 5: financial and mentally where you're growing in both spaces.

120
00:06:03,120 --> 00:06:05,760
Speaker 2: So that's like like Warren Buffett like his approaches. He

121
00:06:05,760 --> 00:06:08,719
Speaker 2: he invests in companies that he understands. Yes, right, So

122
00:06:09,960 --> 00:06:12,440
Speaker 2: I always tell kids, like once again in the class,

123
00:06:12,440 --> 00:06:14,800
Speaker 2: like Okay, what do you have on your feet? Everybody

124
00:06:14,920 --> 00:06:17,920
Speaker 2: that has Nike Adidas, right, So it's like, Okay, you

125
00:06:18,000 --> 00:06:21,120
Speaker 2: understand the brand because you spend all your money on it, right,

126
00:06:21,279 --> 00:06:23,320
Speaker 2: So it's not like it's not foreign to you. Like

127
00:06:23,360 --> 00:06:25,880
Speaker 2: you don't have to be a rocket scientist to figure out, Okay,

128
00:06:25,960 --> 00:06:28,160
Speaker 2: Kanye just did a deal with a Didas, or Beyonce

129
00:06:28,320 --> 00:06:30,000
Speaker 2: just did a deal with a Didas. Didas is hot

130
00:06:30,080 --> 00:06:34,279
Speaker 2: right now? Or Nike lebron signed he got the shortage

131
00:06:34,400 --> 00:06:37,479
Speaker 2: coming out. So these are things that we understand and

132
00:06:37,600 --> 00:06:40,279
Speaker 2: we don't have to be a stock market analyst to

133
00:06:40,360 --> 00:06:43,080
Speaker 2: know that I'm already investing money in these companies by

134
00:06:43,120 --> 00:06:46,080
Speaker 2: buying why not in the actual company.

135
00:06:45,839 --> 00:06:47,800
Speaker 6: In the sense you're you're making the trending, right, So

136
00:06:47,839 --> 00:06:50,159
Speaker 6: there's a reason why that company went up, whether it

137
00:06:50,240 --> 00:06:52,920
Speaker 6: be like the iPhone, right, he'll raise Apple sotoc or

138
00:06:53,080 --> 00:06:55,240
Speaker 6: if Nike's putting on a new product or Dida's put out.

139
00:06:55,040 --> 00:06:55,520
Speaker 4: On their product.

140
00:06:55,720 --> 00:06:57,560
Speaker 6: We are the trend nakers, you know what I mean. So,

141
00:06:57,680 --> 00:06:58,920
Speaker 6: like that was one of that's one of the key

142
00:06:58,920 --> 00:07:01,760
Speaker 6: things we say. So after we tell them, hey, this

143
00:07:01,800 --> 00:07:03,520
Speaker 6: is what a share is, the next thing is like

144
00:07:03,680 --> 00:07:07,400
Speaker 6: invest in put money in what you already are invested in.

145
00:07:07,440 --> 00:07:09,400
Speaker 4: So if it's Horizon as your phone.

146
00:07:09,240 --> 00:07:11,040
Speaker 6: Company, then maybe you should have stock in that, or

147
00:07:11,040 --> 00:07:13,640
Speaker 6: if it's Sprint or whoever it is, right, invest in yourself.

148
00:07:13,880 --> 00:07:15,880
Speaker 5: Yeah, And that's the biggest thing, right, Like we want

149
00:07:15,920 --> 00:07:18,360
Speaker 5: to understand what we invest in. Like, no one likes

150
00:07:18,400 --> 00:07:20,880
Speaker 5: an investment where you kind of don't understand what's going on,

151
00:07:21,360 --> 00:07:24,080
Speaker 5: and it's kind of like gambling. Now it's not an investment.

152
00:07:24,080 --> 00:07:26,320
Speaker 5: Now you're just gambling. And for all that you can

153
00:07:26,360 --> 00:07:30,320
Speaker 5: go put their money on black and a see hope

154
00:07:30,320 --> 00:07:33,120
Speaker 5: for the best. But we look at these companies. It's

155
00:07:33,560 --> 00:07:37,120
Speaker 5: very key to understand why a company goes up or

156
00:07:37,120 --> 00:07:40,480
Speaker 5: why a company goes down. The stock market is very

157
00:07:40,480 --> 00:07:43,160
Speaker 5: similar to fashion. Right, I'm willing to pay the extra

158
00:07:43,200 --> 00:07:45,440
Speaker 5: twenty dollars for Nike as opposed to undom or why

159
00:07:45,440 --> 00:07:48,360
Speaker 5: because it's Nike is a little bit cooler, right, and

160
00:07:48,560 --> 00:07:51,280
Speaker 5: that's the thing you're paying for. I call it social equity.

161
00:07:51,720 --> 00:07:55,320
Speaker 5: What I have on and when I'm dressed in Nike

162
00:07:55,400 --> 00:07:57,640
Speaker 5: adeeda is I have the Gucci I have on product?

163
00:07:57,640 --> 00:07:59,960
Speaker 5: There's a reason why those items are priced in those spaces.

164
00:08:00,440 --> 00:08:02,960
Speaker 5: They know people are buying, right, and we all know

165
00:08:03,000 --> 00:08:05,000
Speaker 5: it's the same factory that makes them, and it is

166
00:08:05,040 --> 00:08:06,760
Speaker 5: put a tag going on. But you're willing to spend

167
00:08:06,800 --> 00:08:10,200
Speaker 5: one hundred dollars more for this tag, right than the

168
00:08:10,240 --> 00:08:13,720
Speaker 5: other tag because you want the social equity of somebody saying, Okay,

169
00:08:13,960 --> 00:08:16,720
Speaker 5: it looks good. Okay, I see him, and that's what

170
00:08:16,760 --> 00:08:18,720
Speaker 5: you're buying. So you have to also know why this

171
00:08:18,840 --> 00:08:21,080
Speaker 5: company's going up, why it's going down.

172
00:08:21,120 --> 00:08:24,560
Speaker 4: And that goes back to interest, right, it's what equity

173
00:08:24,640 --> 00:08:25,560
Speaker 4: I need to now.

174
00:08:25,480 --> 00:08:27,840
Speaker 2: Read you said that you have to learn how to

175
00:08:27,880 --> 00:08:30,760
Speaker 2: read and know the interest. Okay, you're interested in one thing,

176
00:08:30,800 --> 00:08:33,400
Speaker 2: but now how do you actually examine to see if

177
00:08:33,400 --> 00:08:34,680
Speaker 2: this is actually worth.

178
00:08:34,440 --> 00:08:34,960
Speaker 3: Buying or not?

179
00:08:35,040 --> 00:08:35,199
Speaker 4: Right?

180
00:08:35,440 --> 00:08:37,760
Speaker 3: So you can read, but like what do you read?

181
00:08:37,840 --> 00:08:38,600
Speaker 3: Like what's good?

182
00:08:38,640 --> 00:08:41,240
Speaker 2: How do you know if something is actually worth buying

183
00:08:41,320 --> 00:08:43,000
Speaker 2: or not? Social equity so.

184
00:08:43,160 --> 00:08:47,520
Speaker 5: Social it's kind of a term I coined myself because

185
00:08:47,520 --> 00:08:49,120
Speaker 5: I always look shopping.

186
00:08:49,440 --> 00:08:53,640
Speaker 4: Yeah, that's not sure? Is it something I look at

187
00:08:53,720 --> 00:08:55,400
Speaker 4: go shopping or just in life? Right?

188
00:08:55,440 --> 00:08:57,200
Speaker 5: What kind of car you drive? And what kind of

189
00:08:57,200 --> 00:08:58,959
Speaker 5: house do you live in? What town do you live in?

190
00:08:59,080 --> 00:09:01,480
Speaker 5: What do you have in your house? People are very

191
00:09:01,600 --> 00:09:04,760
Speaker 5: much into the social aspect, right, like social media. You

192
00:09:04,800 --> 00:09:07,079
Speaker 5: don't even really see the highlights. So it's like ESPN

193
00:09:07,160 --> 00:09:12,400
Speaker 5: Top ten over again. Right, No one ever sks the

194
00:09:12,400 --> 00:09:14,760
Speaker 5: grind and the failure and the ups and the downs

195
00:09:14,760 --> 00:09:16,840
Speaker 5: and the ebbs and the flows. Right, we just see

196
00:09:17,160 --> 00:09:20,400
Speaker 5: somebody pop up and they have all this stuff. How'd

197
00:09:20,400 --> 00:09:20,880
Speaker 5: you get it?

198
00:09:21,040 --> 00:09:21,240
Speaker 4: Right?

199
00:09:21,280 --> 00:09:24,240
Speaker 5: But we don't care what the social equity says. I

200
00:09:24,280 --> 00:09:26,400
Speaker 5: want that now, But you don't understand what that person

201
00:09:26,440 --> 00:09:28,600
Speaker 5: went through to get or how they got or they

202
00:09:28,640 --> 00:09:31,800
Speaker 5: could be lying whatever. It is the ideas that people

203
00:09:31,760 --> 00:09:34,679
Speaker 5: want to feel accepted. No one ever wants to be

204
00:09:35,440 --> 00:09:38,160
Speaker 5: the dumbest person in the room. People are okay with

205
00:09:38,280 --> 00:09:40,120
Speaker 5: being the second dumbest person in the room because they said,

206
00:09:40,120 --> 00:09:42,280
Speaker 5: well you dumber, so you know what, Okay, with him

207
00:09:42,280 --> 00:09:44,600
Speaker 5: being dumb. I'm not the numbest person in the room, right,

208
00:09:44,640 --> 00:09:47,880
Speaker 5: but no one ever thinks past that. And so the

209
00:09:47,920 --> 00:09:50,240
Speaker 5: idea is to get people to critically think because a

210
00:09:50,280 --> 00:09:53,360
Speaker 5: lot of things that we do habitually on their day basis,

211
00:09:53,360 --> 00:09:55,760
Speaker 5: these are our habits, right. We don't ask any questions.

212
00:09:55,760 --> 00:09:58,160
Speaker 5: Your mom says, when you grow up, brush teeth in

213
00:09:58,200 --> 00:10:01,080
Speaker 5: the morning, why not the afternoon. We were never not

214
00:10:01,240 --> 00:10:03,319
Speaker 5: programming the question things for a program, just to accept

215
00:10:03,360 --> 00:10:05,240
Speaker 5: them the way they are. That's not that that stock

216
00:10:05,280 --> 00:10:08,080
Speaker 5: market works. A stock could be a goodbye and could

217
00:10:08,080 --> 00:10:11,920
Speaker 5: be going down right for other reasons that have nothing

218
00:10:11,920 --> 00:10:14,800
Speaker 5: to do with why you think it.

219
00:10:14,760 --> 00:10:16,840
Speaker 4: Should go down or why I think it should go down.

220
00:10:16,960 --> 00:10:19,640
Speaker 2: So that's the part that I'm getting at. So what

221
00:10:20,080 --> 00:10:22,400
Speaker 2: could make it? You know, port range? What can make

222
00:10:22,400 --> 00:10:24,000
Speaker 2: a stock go up? What can make a stock go down?

223
00:10:24,120 --> 00:10:27,720
Speaker 2: Other than what's obvious to the naked.

224
00:10:27,400 --> 00:10:29,560
Speaker 4: Eye, right, something like that.

225
00:10:29,679 --> 00:10:31,920
Speaker 5: No, it's just perception, Like think about the market, right,

226
00:10:32,000 --> 00:10:35,520
Speaker 5: This all for GAZI Right, So as a CEO will

227
00:10:35,559 --> 00:10:39,800
Speaker 5: get certain bonuses if a stock has certain peaks, right

228
00:10:39,840 --> 00:10:42,880
Speaker 5: this Okay, you're the CEO of ABC company and they'll

229
00:10:42,880 --> 00:10:45,240
Speaker 5: say you listen if you can get the shares up

230
00:10:45,240 --> 00:10:48,120
Speaker 5: to thirty dollars a share and hold it around this

231
00:10:48,320 --> 00:10:51,240
Speaker 5: range for four months, we'll give you ten million dollars

232
00:10:51,480 --> 00:10:53,880
Speaker 5: and then so on and so forth with getting the

233
00:10:53,920 --> 00:10:56,680
Speaker 5: share price up. But it's all kind of like a figazi,

234
00:10:56,720 --> 00:10:57,760
Speaker 5: why is it that price?

235
00:10:57,840 --> 00:10:59,200
Speaker 4: Why is up? WHI is it down? Right?

236
00:10:59,280 --> 00:11:02,480
Speaker 5: Forgets supply and demanding volume. A lot of it's just

237
00:11:02,520 --> 00:11:05,320
Speaker 5: perception of the market. It's what the market perceives, what

238
00:11:05,400 --> 00:11:10,080
Speaker 5: big money perceives, what somebody thinks right, we get information. Now,

239
00:11:10,120 --> 00:11:13,360
Speaker 5: if you own three shares at Apple and you like

240
00:11:13,920 --> 00:11:17,320
Speaker 5: their third quarter earnings call, he owns one hundred million

241
00:11:17,360 --> 00:11:19,280
Speaker 5: dollars Apple and he hates it. Who has more effect

242
00:11:19,320 --> 00:11:23,000
Speaker 5: on how the stock goes? He does because he has

243
00:11:23,080 --> 00:11:25,520
Speaker 5: more equity in the stock, so he has more say

244
00:11:25,600 --> 00:11:28,040
Speaker 5: so in terms of how it moves. Even though you

245
00:11:28,120 --> 00:11:29,960
Speaker 5: might be right with your three shares, he might be

246
00:11:29,960 --> 00:11:30,840
Speaker 5: wrong in his perception.

247
00:11:31,360 --> 00:11:33,120
Speaker 4: Right. So all this stuff is perception based.

248
00:11:33,120 --> 00:11:36,760
Speaker 5: And that's why the sweat equity of actually reading and

249
00:11:36,800 --> 00:11:40,720
Speaker 5: engulfing yourself in the subject matter of interest is going

250
00:11:40,800 --> 00:11:44,760
Speaker 5: to help you understand the company. And if you understand Apple,

251
00:11:45,160 --> 00:11:47,160
Speaker 5: it's going to be easy to understand Google. It's going

252
00:11:47,200 --> 00:11:49,600
Speaker 5: to be easier to understand Amazon, It's going to be

253
00:11:49,600 --> 00:11:53,320
Speaker 5: easier to understand any other kind of tech brand because

254
00:11:53,720 --> 00:11:56,760
Speaker 5: the model of how they distribute their products, their ideas,

255
00:11:56,760 --> 00:11:59,480
Speaker 5: and their messages. They're not like the same saying, but

256
00:11:59,520 --> 00:12:01,959
Speaker 5: they're similar similar, and it's going to help you pick

257
00:12:02,040 --> 00:12:07,280
Speaker 5: up on ideas. Facebook used and tactic called a little bighorn, right,

258
00:12:07,400 --> 00:12:10,520
Speaker 5: And they went into Texas. They went to the University

259
00:12:10,559 --> 00:12:13,720
Speaker 5: of Texas and said, hey, we want to give y'alls Facebook.

260
00:12:14,240 --> 00:12:17,640
Speaker 5: The University of Texas said, now, we're University of Texas.

261
00:12:17,640 --> 00:12:18,319
Speaker 4: We're good.

262
00:12:18,679 --> 00:12:22,640
Speaker 5: So they went to Texas A and M Texas State.

263
00:12:23,200 --> 00:12:26,320
Speaker 5: I smu every school in Texas around and gave them Facebook,

264
00:12:26,360 --> 00:12:28,440
Speaker 5: to the point where students at Texas said, Yo, why

265
00:12:28,559 --> 00:12:31,079
Speaker 5: we have Facebook? And the Texas was forced to do

266
00:12:31,120 --> 00:12:34,560
Speaker 5: business with Facebook. That happens in business all the time, right,

267
00:12:34,600 --> 00:12:37,320
Speaker 5: It's something we don't pay attention to. But these triggers

268
00:12:37,320 --> 00:12:40,400
Speaker 5: and levers that happened. You'll start to notice as you read.

269
00:12:40,520 --> 00:12:42,800
Speaker 5: And I said, you build the brick, right, you're building.

270
00:12:42,920 --> 00:12:44,520
Speaker 5: When you get to the second floor, you go, I

271
00:12:44,520 --> 00:12:46,480
Speaker 5: get that. Now I can now read the tea leaves.

272
00:12:46,480 --> 00:12:49,400
Speaker 5: I've seen this coming, right, I see what possibly can happen.

273
00:12:49,760 --> 00:12:52,400
Speaker 5: I don't know what's going to happen, but I can

274
00:12:52,440 --> 00:12:54,920
Speaker 5: have an idea based on how well I know it.

275
00:12:55,120 --> 00:12:57,160
Speaker 5: You play ball, If I come down, I go in

276
00:12:57,240 --> 00:12:59,600
Speaker 5: and out. I'm either going to cross or I'm going

277
00:12:59,679 --> 00:13:01,520
Speaker 5: to go straight. So as a defender, you know what

278
00:13:01,559 --> 00:13:03,200
Speaker 5: I'm going to do, or have an idea so you

279
00:13:03,200 --> 00:13:04,040
Speaker 5: can react.

280
00:13:03,720 --> 00:13:06,400
Speaker 4: A little faster. Right, it's the same thing that we

281
00:13:06,559 --> 00:13:07,079
Speaker 4: use every day.

282
00:13:07,080 --> 00:13:09,240
Speaker 6: I'm going to go backward just a little bit because

283
00:13:09,240 --> 00:13:11,959
Speaker 6: you said reading and that's important. On the last episode,

284
00:13:11,960 --> 00:13:14,079
Speaker 6: on episode fourteen, we talked about the importance of reading

285
00:13:14,120 --> 00:13:16,319
Speaker 6: and a lot of times we get discounted because we're

286
00:13:16,360 --> 00:13:20,200
Speaker 6: not reading The Catcher and a Rye. Right, what publications

287
00:13:20,200 --> 00:13:22,240
Speaker 6: should we be reading if we're trying to invest in

288
00:13:22,280 --> 00:13:22,960
Speaker 6: the South market?

289
00:13:23,160 --> 00:13:25,640
Speaker 5: I think the Wall Street Journal is good to read.

290
00:13:26,880 --> 00:13:28,880
Speaker 5: Barns is a little bit of advanced, but Barons is

291
00:13:28,880 --> 00:13:32,840
Speaker 5: a good place to start to read. I think Financial

292
00:13:32,880 --> 00:13:35,880
Speaker 5: Time is a good place to read. I think the Economists,

293
00:13:35,920 --> 00:13:39,280
Speaker 5: even though it's not solely financed dock base, it gives

294
00:13:39,320 --> 00:13:43,000
Speaker 5: you a premise of outside the scope of how we

295
00:13:43,040 --> 00:13:45,000
Speaker 5: think because We think domestically, right, we think about what

296
00:13:45,040 --> 00:13:48,600
Speaker 5: affects America and when you're dealing with stocks and companies,

297
00:13:48,640 --> 00:13:51,560
Speaker 5: these are global companies, right, So how does Europe affect

298
00:13:51,600 --> 00:13:52,040
Speaker 5: this company?

299
00:13:52,040 --> 00:13:54,800
Speaker 4: How does China affect this company? How does India affect

300
00:13:54,840 --> 00:13:56,520
Speaker 4: this company? We don't think like that.

301
00:13:56,600 --> 00:13:59,600
Speaker 5: We think, Okay, well you have a Horizon service, so

302
00:13:59,640 --> 00:14:02,240
Speaker 5: you figure I'm gonna invest my money in Verizon, right,

303
00:14:02,320 --> 00:14:06,080
Speaker 5: because but Verizon's a global brand. So what's going on

304
00:14:06,120 --> 00:14:09,360
Speaker 5: in Australia? What's going on here? We look at the

305
00:14:09,400 --> 00:14:14,120
Speaker 5: country like India. They have a billion people, right, how

306
00:14:14,120 --> 00:14:15,560
Speaker 5: many people in an India do you think have a

307
00:14:15,600 --> 00:14:16,040
Speaker 5: cell phone?

308
00:14:17,240 --> 00:14:22,440
Speaker 4: I'm gonna say fifty million? Yeah, something small number, ten million,

309
00:14:23,080 --> 00:14:25,560
Speaker 4: one hundred, like eight million, hundred and nine million people.

310
00:14:25,760 --> 00:14:26,360
Speaker 4: I have a billion.

311
00:14:27,080 --> 00:14:31,040
Speaker 5: So it's an arms race between Walmart and Apple. The

312
00:14:31,040 --> 00:14:33,720
Speaker 5: boyst country gets to India because they're building the middle class.

313
00:14:33,800 --> 00:14:35,360
Speaker 4: Right that The same thing was happening in China.

314
00:14:35,520 --> 00:14:38,280
Speaker 6: Imber we spoke up off again about China Moverien and

315
00:14:38,320 --> 00:14:40,600
Speaker 6: it was like they're trying to build so much infrastructure

316
00:14:40,640 --> 00:14:43,320
Speaker 6: because they would they almost have two billion people, right, But.

317
00:14:43,280 --> 00:14:45,080
Speaker 4: It's a race to the middle class. Right.

318
00:14:45,160 --> 00:14:47,520
Speaker 5: And but when you look at the company on a

319
00:14:47,640 --> 00:14:49,480
Speaker 5: broad scale, and I look at it like a company

320
00:14:49,480 --> 00:14:51,680
Speaker 5: and I have like Netflix, and I said, okay, do

321
00:14:51,840 --> 00:14:52,320
Speaker 5: really well.

322
00:14:52,400 --> 00:14:53,520
Speaker 4: They have a lot of subcribirds.

323
00:14:53,560 --> 00:14:56,560
Speaker 5: We understand how it works, but they haven't really touched

324
00:14:56,600 --> 00:14:57,640
Speaker 5: Europe or other country.

325
00:14:57,840 --> 00:15:01,400
Speaker 4: So there's growth there that we get you interested.

326
00:15:01,200 --> 00:15:03,320
Speaker 5: Right, And those are the kind of things when you

327
00:15:03,360 --> 00:15:06,640
Speaker 5: start to read about companies, you go count interested now

328
00:15:06,800 --> 00:15:08,840
Speaker 5: now mentioned because I know if they're doing well here,

329
00:15:09,040 --> 00:15:12,560
Speaker 5: there's an opportunity here, right. All we want in life

330
00:15:12,760 --> 00:15:14,920
Speaker 5: is options, the same thing everywhere else.

331
00:15:15,000 --> 00:15:17,920
Speaker 4: Right. I want the option to go out to eat.

332
00:15:17,960 --> 00:15:19,720
Speaker 5: I want to have options, but I want to eat

333
00:15:19,760 --> 00:15:21,720
Speaker 5: here here here, I want to have that option or

334
00:15:21,720 --> 00:15:22,360
Speaker 5: I want to option.

335
00:15:22,440 --> 00:15:24,000
Speaker 4: What kind of call on jobs I want to out eat?

336
00:15:24,000 --> 00:15:25,760
Speaker 4: Do I want to bend? Do I want? Right? I

337
00:15:25,920 --> 00:15:28,200
Speaker 4: want that option. If we work for we work to

338
00:15:28,280 --> 00:15:29,600
Speaker 4: have options. Right.

339
00:15:29,640 --> 00:15:31,600
Speaker 5: So the same thing in the market is that understand

340
00:15:31,680 --> 00:15:35,320
Speaker 5: these companies now pull levers and the more you understand

341
00:15:35,360 --> 00:15:38,560
Speaker 5: what you're digesting and investing in, the more options you'll have.

342
00:15:38,920 --> 00:15:40,240
Speaker 4: Now, it's a slow reward.

343
00:15:40,720 --> 00:15:43,120
Speaker 5: This thing is in a I'm going to put money

344
00:15:43,120 --> 00:15:46,320
Speaker 5: in on Monday and be rich on Wednesday. This is

345
00:15:46,680 --> 00:15:50,000
Speaker 5: a character choice when you're talking about starting from scratch,

346
00:15:50,440 --> 00:15:53,360
Speaker 5: right in terms of a BILLITINGR portfolio. So now you

347
00:15:53,440 --> 00:15:55,400
Speaker 5: might not see the siege of labor, right. It might

348
00:15:55,440 --> 00:15:58,000
Speaker 5: go to your kids but right, Or it might be

349
00:15:58,120 --> 00:16:00,760
Speaker 5: something that is a passion project and you can only

350
00:16:00,800 --> 00:16:03,160
Speaker 5: fund so much. We'll be realistic, like everybody doesn't have

351
00:16:03,400 --> 00:16:05,840
Speaker 5: one hundred thousand throwing to the market or a million.

352
00:16:06,520 --> 00:16:09,320
Speaker 5: You start winning thousand here, one thousand and there. So

353
00:16:09,360 --> 00:16:11,120
Speaker 5: you have to be patient with it and be patient

354
00:16:11,120 --> 00:16:13,160
Speaker 5: with your own growth, the same way that we're patient

355
00:16:13,200 --> 00:16:14,920
Speaker 5: in life with different things.

356
00:16:14,760 --> 00:16:16,960
Speaker 4: That's gonna lead us into a very interesting yeah.

357
00:16:17,000 --> 00:16:18,960
Speaker 3: All right, So yeah, so now you got the you know,

358
00:16:19,160 --> 00:16:19,960
Speaker 3: the groundwork.

359
00:16:20,120 --> 00:16:22,120
Speaker 2: That was a lot we're going Now we're gonna go

360
00:16:22,160 --> 00:16:24,120
Speaker 2: into the hot topics of the day.

361
00:16:24,840 --> 00:16:25,280
Speaker 4: All right.

362
00:16:25,400 --> 00:16:27,520
Speaker 2: So now we're going to go into some hot topics

363
00:16:27,560 --> 00:16:30,680
Speaker 2: because everybody's been talking about the stock market recently for

364
00:16:30,720 --> 00:16:32,520
Speaker 2: a couple of different companies.

365
00:16:32,920 --> 00:16:35,000
Speaker 3: Lifting Google specifically, a couple others.

366
00:16:35,360 --> 00:16:38,720
Speaker 2: Pinterest is another one, Pinterest, But everybody's interested in lifting Google.

367
00:16:38,720 --> 00:16:43,160
Speaker 2: They just well lift ipo and Uber is about the

368
00:16:43,200 --> 00:16:47,160
Speaker 2: i po. Right, So everybody's been hitting us up, like,

369
00:16:47,400 --> 00:16:48,920
Speaker 2: can you talk about Lyft? Can you talk about what

370
00:16:49,000 --> 00:16:50,440
Speaker 2: with OPO? Should we buych you?

371
00:16:50,400 --> 00:16:50,760
Speaker 3: You're not so.

372
00:16:50,880 --> 00:16:52,600
Speaker 2: First of all, we're not here to give you stock advice.

373
00:16:53,000 --> 00:16:56,040
Speaker 2: We're just here to give you information. And then from

374
00:16:56,080 --> 00:16:58,560
Speaker 2: the information you can you know, do whatever you want. Right,

375
00:16:58,960 --> 00:17:02,960
Speaker 2: So cut all right? The first question is that IPO. Right,

376
00:17:05,119 --> 00:17:07,159
Speaker 2: A lot of people will hit this term, but they're not.

377
00:17:07,359 --> 00:17:09,520
Speaker 2: They don't fully even understand what's.

378
00:17:09,480 --> 00:17:10,920
Speaker 4: Happening itself, gotcha.

379
00:17:11,040 --> 00:17:13,440
Speaker 5: So it's an initial public offering a lot of times

380
00:17:13,520 --> 00:17:16,800
Speaker 5: we see the evaluation for a company and like, is

381
00:17:16,800 --> 00:17:19,119
Speaker 5: that how the product they get? The numbers hold evaluation

382
00:17:19,320 --> 00:17:22,160
Speaker 5: and come from a multiue of things.

383
00:17:22,200 --> 00:17:22,840
Speaker 4: The valuation.

384
00:17:23,359 --> 00:17:25,119
Speaker 5: You can look at a company and think that the

385
00:17:25,160 --> 00:17:27,359
Speaker 5: company's worth thirty billion. You can look at a company

386
00:17:27,359 --> 00:17:28,720
Speaker 5: and thinks the company's worth ten billion.

387
00:17:28,760 --> 00:17:28,879
Speaker 4: Right.

388
00:17:28,920 --> 00:17:33,119
Speaker 5: Everybody has a different metrics on what they value stuff.

389
00:17:33,119 --> 00:17:37,040
Speaker 5: And again the evaluation is from without looking inside, right,

390
00:17:37,080 --> 00:17:40,320
Speaker 5: This is just on the outside of your house, like

391
00:17:40,400 --> 00:17:43,720
Speaker 5: the appraisal, right, So it's appraising you. So the evaluation

392
00:17:43,840 --> 00:17:45,280
Speaker 5: could be correct, could not be?

393
00:17:45,280 --> 00:17:47,359
Speaker 2: Because I was gonna say, because right now, Uber is

394
00:17:47,800 --> 00:17:51,119
Speaker 2: possibly they look at a hundred billion.

395
00:17:51,880 --> 00:17:54,200
Speaker 5: Somewhere in the realm, they're gonna come up with the

396
00:17:54,240 --> 00:17:55,800
Speaker 5: high value might be one of the higher ones, right.

397
00:17:55,800 --> 00:17:58,000
Speaker 2: Hundred let's say one hundred billion dollar valuation. That's what

398
00:17:58,000 --> 00:18:01,760
Speaker 2: they're looking at. And they've never made a proper so

399
00:18:02,040 --> 00:18:04,479
Speaker 2: that's another thing, right lift, it's never made a profit.

400
00:18:04,800 --> 00:18:08,720
Speaker 5: So that part of it is like basically, once you

401
00:18:08,800 --> 00:18:11,879
Speaker 5: go an IPO and you haven't made a profit, that

402
00:18:12,080 --> 00:18:14,440
Speaker 5: clock starts taking. Now you got to make a really

403
00:18:14,440 --> 00:18:16,840
Speaker 5: good right, and they'll give you some quarters to kind

404
00:18:16,840 --> 00:18:19,520
Speaker 5: of get your feet wet and stuff together, right, But eventually,

405
00:18:19,960 --> 00:18:23,920
Speaker 5: now you're open to investors and public investors and other

406
00:18:24,000 --> 00:18:26,040
Speaker 5: institutions and hedge funds.

407
00:18:25,920 --> 00:18:28,680
Speaker 4: Who all have different motives. You might be a long

408
00:18:28,760 --> 00:18:29,960
Speaker 4: term investor, he.

409
00:18:30,000 --> 00:18:31,840
Speaker 5: Might be a hedge from looking to make a quick

410
00:18:31,880 --> 00:18:34,479
Speaker 5: buck or making look make a power play, right, and

411
00:18:34,480 --> 00:18:37,320
Speaker 5: that kind of gets into the market if you awys

412
00:18:37,359 --> 00:18:39,240
Speaker 5: want to think about it. It's like the ocean, right,

413
00:18:39,240 --> 00:18:41,760
Speaker 5: you got sharks, and you have fish, and you have whales,

414
00:18:41,760 --> 00:18:43,879
Speaker 5: and you have eels and you have seals. You have

415
00:18:43,920 --> 00:18:47,000
Speaker 5: all these different creatures. They all have different purposes, right

416
00:18:47,080 --> 00:18:49,480
Speaker 5: the octopus, and they all just want to live their

417
00:18:49,480 --> 00:18:50,200
Speaker 5: life in the ocean.

418
00:18:50,520 --> 00:18:52,120
Speaker 4: They want what they want, right.

419
00:18:52,200 --> 00:18:54,320
Speaker 5: The eel's not worried about what the shark's doing, and

420
00:18:54,320 --> 00:18:56,520
Speaker 5: the shark's not worried about what the coyfish is doing.

421
00:18:56,800 --> 00:18:57,560
Speaker 4: They're all just.

422
00:18:57,640 --> 00:19:01,359
Speaker 5: Living in the same atmosphere. But they have different purposes.

423
00:19:01,840 --> 00:19:03,920
Speaker 5: And that's a stock market. When you start to get

424
00:19:03,960 --> 00:19:08,240
Speaker 5: into the exchange and all these different investors, right, that's

425
00:19:08,280 --> 00:19:11,000
Speaker 5: a deeper dive when you get into this IPO market.

426
00:19:11,080 --> 00:19:13,280
Speaker 5: The company's doing it because they feel like with the

427
00:19:13,359 --> 00:19:15,639
Speaker 5: extra cash, they'll be able to take their company to

428
00:19:15,680 --> 00:19:18,480
Speaker 5: the next level, the same way that you might take

429
00:19:18,480 --> 00:19:20,359
Speaker 5: a home equity loan out because you feel like you

430
00:19:20,359 --> 00:19:21,800
Speaker 5: can take your house to the next level and it'll

431
00:19:21,840 --> 00:19:24,359
Speaker 5: raise the evaluation in your house by adding the bathroom

432
00:19:24,680 --> 00:19:26,720
Speaker 5: or adding the kitchen, or adding something to your home,

433
00:19:27,160 --> 00:19:29,399
Speaker 5: right and eventually going to pay that money back, because

434
00:19:29,720 --> 00:19:30,240
Speaker 5: that's a debt.

435
00:19:30,320 --> 00:19:32,960
Speaker 4: Right, they're offering equity, that's debt. They owes money money.

436
00:19:33,160 --> 00:19:35,800
Speaker 5: They use other people's money to take themselves to the

437
00:19:35,880 --> 00:19:39,080
Speaker 5: next level, the same way as people. We take loans

438
00:19:39,080 --> 00:19:41,480
Speaker 5: and credit cards to take ourselves to the next level.

439
00:19:42,280 --> 00:19:43,600
Speaker 4: Companies to do right, we're all owns.

440
00:19:43,600 --> 00:19:45,800
Speaker 5: We're the CEOs or our own companies every day, right,

441
00:19:45,840 --> 00:19:47,480
Speaker 5: so your balance sheet of what you do on a

442
00:19:47,560 --> 00:19:50,760
Speaker 5: daily basis, you're the CEO. You are Rashad as a

443
00:19:50,880 --> 00:19:53,720
Speaker 5: CEO or Rashard co. So decisions you make on a

444
00:19:53,800 --> 00:19:55,960
Speaker 5: daily basis the same way as CEO made decisions for

445
00:19:56,000 --> 00:19:58,760
Speaker 5: his company. So you start to look at it like that,

446
00:19:58,800 --> 00:20:02,920
Speaker 5: it's all kind of connect together. You know, you're like, Okay,

447
00:20:03,000 --> 00:20:04,960
Speaker 5: I understand why they would do this now because he's

448
00:20:05,000 --> 00:20:07,520
Speaker 5: moving in the best interest the same way that you

449
00:20:07,560 --> 00:20:08,480
Speaker 5: would do that, right.

450
00:20:08,400 --> 00:20:12,160
Speaker 2: Like so then also all right, but so Snapchat, right,

451
00:20:12,240 --> 00:20:14,840
Speaker 2: can we talk? They still haven't made a profit, okay,

452
00:20:15,160 --> 00:20:17,840
Speaker 2: and they say that they might never make a profit,

453
00:20:17,960 --> 00:20:20,520
Speaker 2: right yep. So okay, So these companies come into the

454
00:20:20,560 --> 00:20:23,119
Speaker 2: stock market like Uber and Lifting they never made a profit.

455
00:20:23,440 --> 00:20:28,520
Speaker 2: But from my perspective and the easiest way to explain,

456
00:20:28,560 --> 00:20:30,520
Speaker 2: people will still give them a benefit of the doubt

457
00:20:30,520 --> 00:20:33,000
Speaker 2: because they believe in the business model anything. One day

458
00:20:33,000 --> 00:20:35,640
Speaker 2: they will turn a profit, right, But sometimes they don't

459
00:20:35,680 --> 00:20:37,000
Speaker 2: turn a profit like Snapchat.

460
00:20:37,480 --> 00:20:39,159
Speaker 4: So now what it.

461
00:20:39,040 --> 00:20:42,600
Speaker 5: Comes down to potential, Right, at some point in time,

462
00:20:43,080 --> 00:20:47,280
Speaker 5: you get too old to have potential. Right, It's like basketball,

463
00:20:47,280 --> 00:20:49,520
Speaker 5: It's about life, right, Like if I don't get it

464
00:20:49,600 --> 00:20:52,119
Speaker 5: right at seventeen years old, it's like, well, you have

465
00:20:52,160 --> 00:20:53,560
Speaker 5: your whole life ahead of year, and then I don't

466
00:20:53,560 --> 00:20:55,400
Speaker 5: get it right at twenty four, where you're still young.

467
00:20:55,800 --> 00:20:57,359
Speaker 5: I don't get it right at twenty six. Hey you

468
00:20:57,400 --> 00:20:59,320
Speaker 5: kind of on your last legs. I don't get it

469
00:20:59,359 --> 00:21:01,160
Speaker 5: right a thirty five. I like, fam just didn't figure

470
00:21:01,160 --> 00:21:01,400
Speaker 5: it out.

471
00:21:01,480 --> 00:21:04,080
Speaker 6: That's that's what I say, right, Like you have a dude,

472
00:21:04,080 --> 00:21:06,320
Speaker 6: don't make it out there at a certain point in time,

473
00:21:07,440 --> 00:21:08,399
Speaker 6: the potential is going right.

474
00:21:08,440 --> 00:21:10,399
Speaker 5: I can't use that as a as an excuse as

475
00:21:10,440 --> 00:21:13,360
Speaker 5: to why I'm not accomplishing something, And so accept all

476
00:21:13,359 --> 00:21:15,639
Speaker 5: these things in the stock marketing, all these things in

477
00:21:15,760 --> 00:21:19,800
Speaker 5: life kind of tying together. So yeah, on potential, I'm

478
00:21:19,800 --> 00:21:21,679
Speaker 5: going to invest in this company because it can be

479
00:21:21,720 --> 00:21:23,760
Speaker 5: fruitful if I was investing.

480
00:21:23,800 --> 00:21:27,080
Speaker 4: That's what the person's thinking, rather earners. What's up.

481
00:21:27,160 --> 00:21:30,320
Speaker 7: You ever walk into a small business and everything just works,

482
00:21:30,560 --> 00:21:33,880
Speaker 7: like the checkout is fast, the receipts are digital, tipping

483
00:21:34,119 --> 00:21:36,560
Speaker 7: is a breeze, and you're out the door before the

484
00:21:36,600 --> 00:21:40,960
Speaker 7: line even builds. Odds are they're using Square? We love

485
00:21:41,000 --> 00:21:44,160
Speaker 7: supporting businesses that run on Square because it just feels seamless.

486
00:21:44,320 --> 00:21:46,879
Speaker 7: Whether it's a local coffee shop, a vendor at a

487
00:21:46,880 --> 00:21:49,760
Speaker 7: pop up market, or even one of our merch partners,

488
00:21:50,000 --> 00:21:53,800
Speaker 7: Square makes it easy for them to take payments, manage inventory,

489
00:21:53,880 --> 00:21:57,679
Speaker 7: and run their business with confidence, all from one simple system.

490
00:21:58,240 --> 00:22:00,880
Speaker 7: If you're a business owner or even just thinking about

491
00:22:00,920 --> 00:22:04,000
Speaker 7: launching something soon, Square is hands down one of the

492
00:22:04,040 --> 00:22:07,480
Speaker 7: best tools out there to help you start, run and grow.

493
00:22:07,760 --> 00:22:10,800
Speaker 7: It's not just about payments, it's about giving you time

494
00:22:10,880 --> 00:22:13,840
Speaker 7: back so you can focus on what matters most Ready

495
00:22:13,840 --> 00:22:17,200
Speaker 7: to see how Square can transform your business, visit Square

496
00:22:17,280 --> 00:22:21,800
Speaker 7: dot com backslash go backslash eyl to learn more that

497
00:22:22,000 --> 00:22:27,480
Speaker 7: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

498
00:22:27,600 --> 00:22:29,960
Speaker 7: Let Square handle the back end so you can keep

499
00:22:30,000 --> 00:22:36,080
Speaker 7: pushing your vision forward. This episode is brought to you

500
00:22:36,119 --> 00:22:38,360
Speaker 7: by P and C Bank. A lot of people think

501
00:22:38,440 --> 00:22:42,320
Speaker 7: podcasts about work are boring, and sure, they definitely can be,

502
00:22:42,840 --> 00:22:46,080
Speaker 7: but understanding a professionals routine shows us how they achieve

503
00:22:46,119 --> 00:22:50,359
Speaker 7: their success little by little, day after day. It's like

504
00:22:50,440 --> 00:22:53,200
Speaker 7: banking with P and C Bank. It might seem boring

505
00:22:53,240 --> 00:22:56,119
Speaker 7: to save, plan and make calculated decisions with your bank

506
00:22:56,520 --> 00:22:59,000
Speaker 7: but keeping your money boring is what helps you live

507
00:22:59,160 --> 00:23:03,159
Speaker 7: or more happily fulfilled life. P and C Bank Brilliantly

508
00:23:03,200 --> 00:23:07,800
Speaker 7: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

509
00:23:07,800 --> 00:23:11,080
Speaker 7: five is a service mark of the PNC Financial Service Group, Inc.

510
00:23:11,520 --> 00:23:15,400
Speaker 7: P and C Bank National Association. Member a FDIC.

511
00:23:16,720 --> 00:23:20,320
Speaker 8: An illegal alien from Guatemala charged with raping a child

512
00:23:20,400 --> 00:23:24,200
Speaker 8: in Massachusetts. An MS thirteen gang member from Al Salvador

513
00:23:24,440 --> 00:23:28,560
Speaker 8: accused of murdering a Texas man of Venezuelan charged with

514
00:23:28,640 --> 00:23:32,480
Speaker 8: filming and selling child pornography in Michigan. These are just

515
00:23:32,640 --> 00:23:36,400
Speaker 8: some of the heinous migrant criminals caught because of President

516
00:23:36,440 --> 00:23:39,960
Speaker 8: Donald J. Trump's leadership. I'm Christy nom the United States

517
00:23:40,040 --> 00:23:44,840
Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border

518
00:23:44,840 --> 00:23:48,400
Speaker 8: crossings are at the lowest levels ever recorded, and over

519
00:23:48,480 --> 00:23:51,679
Speaker 8: one hundred thousand illegal aliens have been arrested. If you

520
00:23:51,760 --> 00:23:55,600
Speaker 8: are here illegally, your next you will be fined nearly

521
00:23:55,720 --> 00:23:59,680
Speaker 8: one thousand dollars a day, imprisoned, and deported. You will

522
00:23:59,720 --> 00:24:03,400
Speaker 8: never return. But if you register using our CBP home

523
00:24:03,440 --> 00:24:06,800
Speaker 8: app and leave now, you could be allowed to return legally.

524
00:24:07,200 --> 00:24:11,919
Speaker 8: Do what's right leave now. Under President Trump, America's laws,

525
00:24:12,119 --> 00:24:14,520
Speaker 8: border and families will be protected.

526
00:24:14,640 --> 00:24:17,359
Speaker 5: Sponsored by the United States Department of Homeland Security, saying Okay,

527
00:24:17,680 --> 00:24:18,560
Speaker 5: I get the premise.

528
00:24:18,600 --> 00:24:20,160
Speaker 4: I understand the business concept.

529
00:24:20,240 --> 00:24:23,280
Speaker 5: I understand how they make money, how they plan to

530
00:24:23,320 --> 00:24:27,120
Speaker 5: make money, what they're gonna do. First part. Second part

531
00:24:27,200 --> 00:24:28,640
Speaker 5: is are they gonna execute?

532
00:24:28,720 --> 00:24:28,880
Speaker 4: Right?

533
00:24:28,880 --> 00:24:32,800
Speaker 5: We understand now, but I believe in the execution. And

534
00:24:32,840 --> 00:24:37,320
Speaker 5: then if they don't execute, what's my next move? Everybody never,

535
00:24:37,359 --> 00:24:39,919
Speaker 5: nobody ever plans a fail. Like people always plan for

536
00:24:39,960 --> 00:24:42,359
Speaker 5: everything to go right. And that's not how life works.

537
00:24:42,440 --> 00:24:43,919
Speaker 5: Right when I was a kid, Okay, I'm gonna get

538
00:24:43,920 --> 00:24:46,400
Speaker 5: my degree at twenty two, I'd be married at twenty five,

539
00:24:46,880 --> 00:24:48,879
Speaker 5: make six figures at twenty six, I'm gonna have a

540
00:24:48,960 --> 00:24:52,720
Speaker 5: kid at thirty. Like that never happens. But life that

541
00:24:52,800 --> 00:24:56,119
Speaker 5: punches you in the mouth, and you know, everybody's journey

542
00:24:56,200 --> 00:24:57,679
Speaker 5: is different. So that's why I said this stuff is

543
00:24:57,720 --> 00:25:01,000
Speaker 5: all kind of like life based, because at the end

544
00:25:01,040 --> 00:25:04,120
Speaker 5: of the day, these journeys these companies are on are

545
00:25:04,119 --> 00:25:07,119
Speaker 5: independent their own. Like the CEO's job is to do

546
00:25:07,160 --> 00:25:09,440
Speaker 5: a certain job with the company and raise capital or

547
00:25:10,080 --> 00:25:13,800
Speaker 5: to take the shares to a certain price, and Adidas

548
00:25:13,840 --> 00:25:17,040
Speaker 5: and a Nike, though they are competitors, they might have

549
00:25:17,200 --> 00:25:20,840
Speaker 5: different you know, operating procedures or different goals of what

550
00:25:20,880 --> 00:25:23,760
Speaker 5: they want to do. And that comes down to like

551
00:25:23,840 --> 00:25:26,399
Speaker 5: looking actually in the company at what they're doing well,

552
00:25:26,800 --> 00:25:30,560
Speaker 5: what they're not doing well, and how their success or

553
00:25:30,640 --> 00:25:34,920
Speaker 5: failure basically affects the ecosystem with which they live in,

554
00:25:34,960 --> 00:25:38,640
Speaker 5: which is the stock market. For example, foot Locker derives

555
00:25:38,680 --> 00:25:41,880
Speaker 5: a lot of the success from Nike, right Nike's a big,

556
00:25:41,920 --> 00:25:46,320
Speaker 5: biggest shoe retailer in terms of sneakers. Twenty seventeen, Nike

557
00:25:46,400 --> 00:25:49,639
Speaker 5: had a very bad fashion year. They didn't hit on

558
00:25:49,680 --> 00:25:52,000
Speaker 5: a lot of different things, right, So they had a

559
00:25:52,040 --> 00:25:56,119
Speaker 5: down year that took Footlocker stock from like seventy to

560
00:25:56,200 --> 00:25:59,280
Speaker 5: thirty bucks to drop like sixty five percent because they're.

561
00:25:59,119 --> 00:25:59,600
Speaker 4: Tied to that.

562
00:26:00,080 --> 00:26:02,280
Speaker 5: And then on top of Nike not having a good

563
00:26:02,359 --> 00:26:05,400
Speaker 5: year and an affecting foot Locker, Nike said We're now

564
00:26:05,440 --> 00:26:07,720
Speaker 5: going to directly distribute shoes from Amazon.

565
00:26:08,400 --> 00:26:10,800
Speaker 4: So the market said, oh, you guys are definitely in.

566
00:26:10,760 --> 00:26:14,480
Speaker 5: Trouble now, right, And now you look at Footblocker and

567
00:26:14,480 --> 00:26:17,639
Speaker 5: they've kind of built themselves back. And Nike had a

568
00:26:17,680 --> 00:26:21,160
Speaker 5: better year the two seventies hit and the whole They

569
00:26:21,160 --> 00:26:23,120
Speaker 5: have a bunch of different shoe lines and clothing lines

570
00:26:23,119 --> 00:26:26,440
Speaker 5: that hit that did well, and that ecosystem, right, they're

571
00:26:26,600 --> 00:26:29,440
Speaker 5: doing well affected foot Blocker. So the same I said,

572
00:26:29,440 --> 00:26:32,199
Speaker 5: It's like an ocean, right, the ecosystem and how we

573
00:26:32,280 --> 00:26:36,520
Speaker 5: do things affects everybody. It's important to understand Nike because

574
00:26:36,520 --> 00:26:38,520
Speaker 5: I'm going to understand the DTIs. It's going to help

575
00:26:38,520 --> 00:26:40,800
Speaker 5: me understand under Armour, It's going to help me understand

576
00:26:40,840 --> 00:26:43,040
Speaker 5: foot Locker, it's going to help me understand Sketchers, and

577
00:26:43,160 --> 00:26:45,840
Speaker 5: help me understand all these other companies that are in

578
00:26:45,920 --> 00:26:49,480
Speaker 5: the same ecosystem on a daily basis, and that will

579
00:26:49,520 --> 00:26:52,040
Speaker 5: now affect what I want to invest in if that's

580
00:26:52,119 --> 00:26:53,119
Speaker 5: what I want to invest in.

581
00:26:53,320 --> 00:26:56,840
Speaker 2: So would you recommend like specialty? All right, So if

582
00:26:56,840 --> 00:26:58,640
Speaker 2: I wanted to get started in a stock market, right,

583
00:26:58,800 --> 00:27:00,560
Speaker 2: should I just focus my own here and say, okay,

584
00:27:00,560 --> 00:27:02,959
Speaker 2: I remember ready interested in tech. Let me just focus

585
00:27:03,000 --> 00:27:05,240
Speaker 2: on tech so I can learn everything about tech that

586
00:27:05,280 --> 00:27:09,440
Speaker 2: I need to know Google, Amazon, Facebook, all of these companies,

587
00:27:10,200 --> 00:27:12,920
Speaker 2: or focus my energy on fashion or because then it's

588
00:27:12,920 --> 00:27:15,000
Speaker 2: like okay, once I'm master that, Like you said, now

589
00:27:15,480 --> 00:27:17,440
Speaker 2: one tech company is kind of related to the next

590
00:27:17,440 --> 00:27:20,040
Speaker 2: tech company, and I'll be able to read those publications.

591
00:27:20,040 --> 00:27:21,200
Speaker 3: I'll kind of have my niche.

592
00:27:21,320 --> 00:27:23,719
Speaker 2: Or would you just recommend like broad range learning much

593
00:27:23,760 --> 00:27:25,320
Speaker 2: about as much things as possible.

594
00:27:26,240 --> 00:27:30,280
Speaker 5: Like I said before, I'm a big proponent of read

595
00:27:30,400 --> 00:27:33,399
Speaker 5: what you're interested in. That's the best way, because you're

596
00:27:33,400 --> 00:27:36,720
Speaker 5: gonna get excited to read. Like I don't think people

597
00:27:36,760 --> 00:27:38,560
Speaker 5: get excited to read. Like you're not excited to read

598
00:27:38,560 --> 00:27:40,639
Speaker 5: certain stuff, Like we don't have to read the Apple

599
00:27:40,680 --> 00:27:42,520
Speaker 5: contracts when they pops up and it's like.

600
00:27:42,680 --> 00:27:43,800
Speaker 4: You don't see what you're saying.

601
00:27:43,840 --> 00:27:46,360
Speaker 5: Yes, they're like saying, yo, we're gonna take information, We're

602
00:27:46,359 --> 00:27:49,600
Speaker 5: gonna stop here, and like okay, whatever, agree, agree, agree, Right.

603
00:27:50,080 --> 00:27:51,280
Speaker 4: No one likes to read.

604
00:27:51,520 --> 00:27:55,200
Speaker 5: So the biggest thing is is to do the things

605
00:27:55,600 --> 00:27:58,080
Speaker 5: that you don't like to do it you're not comfortable.

606
00:27:58,359 --> 00:27:59,439
Speaker 4: That's when you know you're growing.

607
00:27:59,640 --> 00:28:02,080
Speaker 5: Like if I'm doing stuff and I'm not comfortable doing

608
00:28:02,119 --> 00:28:04,600
Speaker 5: it because I don't have a comfortability, I don't do

609
00:28:04,600 --> 00:28:05,080
Speaker 5: it all the time.

610
00:28:05,440 --> 00:28:06,520
Speaker 4: I need to do it because I'm grown.

611
00:28:06,640 --> 00:28:08,600
Speaker 5: I don't need to keep on doing the same things

612
00:28:08,600 --> 00:28:11,960
Speaker 5: that I'm comfortable with, Right, but the comfortability isn't the

613
00:28:12,000 --> 00:28:13,080
Speaker 5: interest just from.

614
00:28:12,920 --> 00:28:14,880
Speaker 4: The teaching standpoint that comes with endurance.

615
00:28:14,880 --> 00:28:17,359
Speaker 6: Like reading, endurance is a thing, right like the first

616
00:28:17,359 --> 00:28:19,159
Speaker 6: time you read an article, maybe you do it for

617
00:28:19,200 --> 00:28:20,840
Speaker 6: five minutes, and then that's time, you do it for

618
00:28:20,880 --> 00:28:22,480
Speaker 6: ten minutes, and then by you.

619
00:28:22,400 --> 00:28:24,560
Speaker 4: Know, a month or six months, now you're reading for

620
00:28:24,600 --> 00:28:26,320
Speaker 4: an hour. Right. You got to build that thing up.

621
00:28:26,320 --> 00:28:28,000
Speaker 4: You got to train yourself to do it, all.

622
00:28:27,960 --> 00:28:30,360
Speaker 2: Right, So now we yeah, we gave you some backgron

623
00:28:30,600 --> 00:28:31,919
Speaker 2: on it. So now we're going to go into the

624
00:28:31,960 --> 00:28:33,959
Speaker 2: next level of how you guys can actually get your

625
00:28:34,000 --> 00:28:36,840
Speaker 2: foot in the game and start to make some money

626
00:28:36,920 --> 00:28:38,600
Speaker 2: because it's one thing to learn about it, but it's

627
00:28:38,600 --> 00:28:41,720
Speaker 2: another thing to actually profit from it, all right, gos So,

628
00:28:41,760 --> 00:28:44,760
Speaker 2: now we gave you some background info on the stock markets,

629
00:28:44,760 --> 00:28:47,760
Speaker 2: how stocks work. But now you know, it's one thing,

630
00:28:47,800 --> 00:28:50,400
Speaker 2: as I said before, to provide information, it's another thing

631
00:28:50,440 --> 00:28:53,480
Speaker 2: that actually use the information. So now we want to

632
00:28:53,520 --> 00:28:56,920
Speaker 2: give you some tools that you can use yourself as

633
00:28:56,920 --> 00:28:59,200
Speaker 2: far as you know, to get your feet wet and investing.

634
00:28:59,320 --> 00:29:02,960
Speaker 2: So all right, we talked about platforms, right, So there's

635
00:29:02,960 --> 00:29:04,760
Speaker 2: there's a there's a there's a lot of different platforms

636
00:29:04,760 --> 00:29:08,680
Speaker 2: how somebody can invest. Right, one of the apps is Robinhood, right,

637
00:29:09,920 --> 00:29:12,800
Speaker 2: what what's what? What's your favorite? Like what's your what?

638
00:29:12,880 --> 00:29:14,920
Speaker 5: So it depends right, like do you want to do

639
00:29:15,440 --> 00:29:17,400
Speaker 5: do you bank with Chase and then you can do

640
00:29:17,440 --> 00:29:19,520
Speaker 5: it through JP Morgan Chase if you wanted to do it, right,

641
00:29:19,600 --> 00:29:22,560
Speaker 5: do you bank through Bank of America? You do, AMERI

642
00:29:22,760 --> 00:29:25,080
Speaker 5: Lynch If you bank through as Far you do. So

643
00:29:25,400 --> 00:29:30,000
Speaker 5: there's platforms there. There's there's scott Trade, there's e Trade,

644
00:29:30,040 --> 00:29:34,600
Speaker 5: there's t D, there's Robinhood, there's Acorn, there are glutt

645
00:29:34,640 --> 00:29:35,320
Speaker 5: in your places.

646
00:29:35,880 --> 00:29:38,400
Speaker 3: Acorn, because somebody asks about Acorn has a unique platform.

647
00:29:38,480 --> 00:29:42,600
Speaker 5: So Acorn is the company if I'm not misinform is

648
00:29:42,640 --> 00:29:44,440
Speaker 5: a company that I think ash Cusher is a part

649
00:29:44,480 --> 00:29:47,280
Speaker 5: of where I take the change when you use it

650
00:29:47,320 --> 00:29:50,440
Speaker 5: and they buy shares with your change, and it's a

651
00:29:50,480 --> 00:29:52,360
Speaker 5: way to get exposure to the market.

652
00:29:52,840 --> 00:29:53,040
Speaker 4: Right.

653
00:29:53,160 --> 00:29:56,160
Speaker 5: So like the game that we're playing is all about exposure.

654
00:29:57,040 --> 00:29:59,320
Speaker 5: You don't know what you don't know? Right, So then

655
00:29:59,640 --> 00:30:04,520
Speaker 5: reading exposure these sites exposure. Now you're exposed to all

656
00:30:04,520 --> 00:30:08,280
Speaker 5: these sites we're mentioning, go on there, read their platform,

657
00:30:08,400 --> 00:30:12,000
Speaker 5: read the offers, read call them. They have customer service

658
00:30:12,040 --> 00:30:15,960
Speaker 5: people ask questions, say, hey, if I choose you as

659
00:30:15,960 --> 00:30:20,040
Speaker 5: opposed to them, what benefit do I have. That's the thing.

660
00:30:20,200 --> 00:30:23,200
Speaker 5: We're in a bubble right now. The ideas that get

661
00:30:23,240 --> 00:30:28,480
Speaker 5: out that bubble, and so what we want to preach is, yeah,

662
00:30:28,600 --> 00:30:31,959
Speaker 5: there are a lot of platforms, and now the onus

663
00:30:32,040 --> 00:30:34,960
Speaker 5: is on the person that do due diligence. I don't

664
00:30:35,040 --> 00:30:36,680
Speaker 5: know what works best for you because I don't know

665
00:30:36,680 --> 00:30:39,640
Speaker 5: your financial circumstances. I don't know where you bank, I

666
00:30:39,680 --> 00:30:42,719
Speaker 5: don't know what you're comfortable with. There are companies that

667
00:30:42,760 --> 00:30:45,040
Speaker 5: have customer service reaps you can call before you make

668
00:30:45,040 --> 00:30:47,480
Speaker 5: a trade, that will help walk you through stuff. They'll

669
00:30:47,520 --> 00:30:51,280
Speaker 5: help find research with you. They have platforms. It's extensive stuff.

670
00:30:51,880 --> 00:30:55,000
Speaker 5: It's very labor intensive, right, All this stuff is labor intensive.

671
00:30:55,480 --> 00:30:57,440
Speaker 5: So now this comes down to how passionate are you

672
00:30:57,520 --> 00:31:00,360
Speaker 5: about things? So we read the fine press. So I

673
00:31:00,400 --> 00:31:01,400
Speaker 5: want to let people know too.

674
00:31:01,440 --> 00:31:03,280
Speaker 2: A lot of time people have the misconception that you

675
00:31:03,360 --> 00:31:06,160
Speaker 2: have to be wealthy or rich to invest in stock market.

676
00:31:06,000 --> 00:31:08,240
Speaker 5: Right, which is it's not true because the end game

677
00:31:08,400 --> 00:31:11,360
Speaker 5: to the difference on how people think and not everybody

678
00:31:11,440 --> 00:31:14,640
Speaker 5: looks like this, right, money is temporary and it comes

679
00:31:14,640 --> 00:31:19,560
Speaker 5: and goes ebbs and flows. Knowledge is what we're mining here,

680
00:31:19,680 --> 00:31:22,760
Speaker 5: Like we're crafting knowledge, right. I can't take that from you.

681
00:31:22,800 --> 00:31:24,800
Speaker 5: I can't go in your brain and take the knowledge.

682
00:31:25,160 --> 00:31:27,600
Speaker 5: What makes the knowledge powerful is that you can build

683
00:31:27,680 --> 00:31:30,240
Speaker 5: on it or you can share it, and you can

684
00:31:30,280 --> 00:31:32,800
Speaker 5: make other people knowledgeable. And if me and you both

685
00:31:32,840 --> 00:31:35,080
Speaker 5: have to be knowledgeable, well then you have iron and

686
00:31:35,080 --> 00:31:37,600
Speaker 5: shop and iron, right, and that's where it gets powerful.

687
00:31:38,160 --> 00:31:41,920
Speaker 5: And then when I do have the actual capital to

688
00:31:42,040 --> 00:31:46,400
Speaker 5: do things significantly, I'm ready mentally, right, So you can

689
00:31:46,440 --> 00:31:50,840
Speaker 5: have a million dollars and not be sufficiently educated to move,

690
00:31:51,240 --> 00:31:54,920
Speaker 5: so that you can have one thousand dollars and be educated,

691
00:31:54,960 --> 00:31:57,880
Speaker 5: and all you're doing is building your knowledge based until

692
00:31:57,880 --> 00:31:59,880
Speaker 5: that moment comes where you have that money to make

693
00:32:00,040 --> 00:32:05,240
Speaker 5: significant move for yourself. So the ideas we're preaching exposure,

694
00:32:05,560 --> 00:32:08,720
Speaker 5: we're preaching knowledge. Right, we'll keetch your hands in the dirt.

695
00:32:08,760 --> 00:32:12,440
Speaker 5: But it comes down to the individual person. How bad

696
00:32:12,840 --> 00:32:14,920
Speaker 5: do you want to learn the market? How bad do

697
00:32:15,000 --> 00:32:17,360
Speaker 5: you want to be a resource for your friends and family?

698
00:32:17,400 --> 00:32:20,640
Speaker 5: How bad do you want to see your goals happen.

699
00:32:21,000 --> 00:32:24,000
Speaker 5: I don't control that you don't control that. We're all

700
00:32:24,040 --> 00:32:28,680
Speaker 5: CEOs our own companies. So again, bunch of platforms. Right,

701
00:32:28,720 --> 00:32:30,600
Speaker 5: we can give you the names, we can list them

702
00:32:30,600 --> 00:32:32,280
Speaker 5: out by the end of the day, you have to

703
00:32:32,320 --> 00:32:35,000
Speaker 5: do it's best for you. Because I don't wear a

704
00:32:35,080 --> 00:32:37,480
Speaker 5: side small, so I can't try a side small. Surely

705
00:32:37,520 --> 00:32:39,560
Speaker 5: want to tell you if it's not, I'm going to

706
00:32:39,640 --> 00:32:43,160
Speaker 5: excel the same thing for people. These platforms are good

707
00:32:43,240 --> 00:32:45,600
Speaker 5: if you have this amount of money to invest and

708
00:32:45,640 --> 00:32:49,240
Speaker 5: you're looking for this kind of customer service. If you

709
00:32:49,280 --> 00:32:51,840
Speaker 5: don't want any customer service, you want to do it yourself,

710
00:32:51,880 --> 00:32:54,040
Speaker 5: this platform is good if you want to be able

711
00:32:54,120 --> 00:32:56,960
Speaker 5: to walk into a bank brand and have a conversation

712
00:32:57,000 --> 00:32:59,360
Speaker 5: with somebody about different things in the face of it, well,

713
00:32:59,400 --> 00:32:59,920
Speaker 5: this is good.

714
00:33:00,080 --> 00:33:00,280
Speaker 4: Free.

715
00:33:00,960 --> 00:33:04,000
Speaker 5: These things are all quite essential to what it is

716
00:33:04,080 --> 00:33:04,840
Speaker 5: you're looking for.

717
00:33:05,000 --> 00:33:06,760
Speaker 2: Yeah, now I like what you said as far as

718
00:33:07,600 --> 00:33:10,120
Speaker 2: you can't take the knowledge. Because I had one friend

719
00:33:10,320 --> 00:33:14,160
Speaker 2: who he he made he made a million dollars let's

720
00:33:14,200 --> 00:33:16,000
Speaker 2: say roughly like he made a million dollars young, right,

721
00:33:16,320 --> 00:33:18,840
Speaker 2: then he fell on some hard times and he lost

722
00:33:18,920 --> 00:33:21,400
Speaker 2: pretty much all of it. And but another one of

723
00:33:21,440 --> 00:33:22,840
Speaker 2: my friends was talking to him and he was like

724
00:33:22,880 --> 00:33:25,360
Speaker 2: you're going to make a million dollars again easy. And

725
00:33:25,400 --> 00:33:27,320
Speaker 2: when he said that, it was kind of like I

726
00:33:27,360 --> 00:33:29,160
Speaker 2: asked him later, I'm like, why would you say that,

727
00:33:29,200 --> 00:33:31,000
Speaker 2: you don't even know, like it's not easy to make

728
00:33:31,040 --> 00:33:32,800
Speaker 2: a million dollars? Said because he already made it before,

729
00:33:33,520 --> 00:33:36,640
Speaker 2: so he got the information. He understands how to do it.

730
00:33:37,080 --> 00:33:38,320
Speaker 2: Now you just got to do it again. That's like,

731
00:33:38,520 --> 00:33:41,960
Speaker 2: that's the first million. You can't, like you said, you

732
00:33:42,040 --> 00:33:44,280
Speaker 2: can't take somebody's knowledge. Once you have the knowledge to

733
00:33:44,360 --> 00:33:46,000
Speaker 2: do it, you're gonna do it again.

734
00:33:46,120 --> 00:33:48,520
Speaker 5: Well, what makes them dangerous, right, like in terms of

735
00:33:48,680 --> 00:33:50,320
Speaker 5: being able to get that back, is that he has

736
00:33:50,400 --> 00:33:53,680
Speaker 5: knowledge and experience. It's one thing to be a coach

737
00:33:54,240 --> 00:33:56,959
Speaker 5: and coach a sport, but there's another thing to play

738
00:33:57,360 --> 00:33:59,120
Speaker 5: and be in that moment because I can now coach

739
00:33:59,120 --> 00:34:01,160
Speaker 5: from a different angle because I've been in that moment.

740
00:34:01,480 --> 00:34:04,320
Speaker 5: So we watch coaches in the NBA and there's certain

741
00:34:04,360 --> 00:34:06,960
Speaker 5: guys we look at and it's like that dude really

742
00:34:07,040 --> 00:34:09,200
Speaker 5: was never in that moment, So it's hard for him

743
00:34:09,239 --> 00:34:12,600
Speaker 5: to get across this player the significance of the moment

744
00:34:12,640 --> 00:34:15,640
Speaker 5: because he didn't do it or certain guys are not

745
00:34:15,719 --> 00:34:19,440
Speaker 5: able to basically talk and communicate like Michael Jordan's with

746
00:34:19,480 --> 00:34:22,799
Speaker 5: respect is a terrible owner, Like he's not good at

747
00:34:22,960 --> 00:34:25,200
Speaker 5: putting a team together or gym and stuff because he

748
00:34:25,360 --> 00:34:28,800
Speaker 5: was so great, so he can't compute how everybody's not great.

749
00:34:29,320 --> 00:34:31,520
Speaker 5: But Larry Bird is able to get the most out

750
00:34:31,520 --> 00:34:34,080
Speaker 5: of Indiana Pacers all the time. And they might not

751
00:34:34,160 --> 00:34:36,800
Speaker 5: be the most talented players, but Larry Bird was the

752
00:34:36,840 --> 00:34:37,719
Speaker 5: most athletic guy.

753
00:34:37,760 --> 00:34:39,440
Speaker 4: He was just super smart and very skills.

754
00:34:39,480 --> 00:34:42,000
Speaker 5: He's able to understand that and put teams together that

755
00:34:42,440 --> 00:34:46,279
Speaker 5: are not juggernauts, but they're team that you don't well

756
00:34:46,440 --> 00:34:50,200
Speaker 5: can't walk over. It's the same thing, right, like a

757
00:34:50,280 --> 00:34:54,320
Speaker 5: person that has experience plus the knowledge base is always

758
00:34:54,360 --> 00:34:56,359
Speaker 5: going to double up faster. So if I lost that

759
00:34:56,480 --> 00:34:59,040
Speaker 5: million or whatever it is, I can get it back fast.

760
00:34:59,120 --> 00:35:00,800
Speaker 5: But not only do I have the life experience of

761
00:35:00,840 --> 00:35:03,120
Speaker 5: what I went through. So I'm gonna just basically skip

762
00:35:03,160 --> 00:35:05,759
Speaker 5: these hurdles. Right, these mistakes I've made that those are

763
00:35:05,760 --> 00:35:08,080
Speaker 5: out the way. So if I skip these hurdles that

764
00:35:08,160 --> 00:35:10,879
Speaker 5: might have cost me six months in mistakes, that's going

765
00:35:11,400 --> 00:35:14,359
Speaker 5: six months to a million wherever the number is right.

766
00:35:14,400 --> 00:35:17,960
Speaker 5: And that's the power We have to first learn. So

767
00:35:18,000 --> 00:35:21,520
Speaker 5: we're knowledgeable and we're armed. Right, I've armed myself to

768
00:35:21,600 --> 00:35:23,920
Speaker 5: go into battle. I didn't go and I didn't run

769
00:35:24,000 --> 00:35:26,120
Speaker 5: into the battle with nothing in my hands.

770
00:35:25,840 --> 00:35:28,120
Speaker 6: To like, I'm gonna get smarter, and that's I mean,

771
00:35:28,320 --> 00:35:31,920
Speaker 6: that's what we do, right. Nobody teaches us like, especially stocks.

772
00:35:31,920 --> 00:35:34,520
Speaker 6: It's not something that is learned in school. And if

773
00:35:34,560 --> 00:35:37,160
Speaker 6: your parents have never invested in stocks, like, we have

774
00:35:37,239 --> 00:35:38,160
Speaker 6: no armor when we go out.

775
00:35:39,080 --> 00:35:40,880
Speaker 2: So what happens with most of the time most middle

776
00:35:40,880 --> 00:35:44,320
Speaker 2: class people and in our community especially is that people

777
00:35:44,880 --> 00:35:47,239
Speaker 2: are intimidated with things they don't understand, they don't know right,

778
00:35:47,480 --> 00:35:48,920
Speaker 2: So what ends up happening is that if you just

779
00:35:48,920 --> 00:35:51,359
Speaker 2: stay away from it and you say it's over my head,

780
00:35:52,239 --> 00:35:53,920
Speaker 2: I don't want anything to do with it, because, especially

781
00:35:53,960 --> 00:35:55,920
Speaker 2: when it comes to money, people is not gonna invest

782
00:35:55,960 --> 00:35:57,880
Speaker 2: in something or that they don't understand.

783
00:35:58,440 --> 00:36:00,719
Speaker 3: So this is what the podcast is about to fully

784
00:36:00,760 --> 00:36:01,160
Speaker 3: equip you.

785
00:36:01,160 --> 00:36:02,560
Speaker 2: But before we leave, I wanted to talk about a

786
00:36:02,600 --> 00:36:04,439
Speaker 2: couple of different ways where people can invest in stock

787
00:36:04,440 --> 00:36:07,120
Speaker 2: market even if okay, even if you don't want to

788
00:36:07,280 --> 00:36:10,680
Speaker 2: fully dive in and do the research and it may

789
00:36:10,719 --> 00:36:13,440
Speaker 2: not be your forte you can still invest in stock market, right,

790
00:36:13,480 --> 00:36:14,560
Speaker 2: there's other ways to invest.

791
00:36:14,560 --> 00:36:15,720
Speaker 3: So there's like mutual funds.

792
00:36:16,200 --> 00:36:19,399
Speaker 2: Why would allows you to invest in stock market without

793
00:36:19,400 --> 00:36:20,480
Speaker 2: actually investing yourself?

794
00:36:20,560 --> 00:36:21,600
Speaker 3: Right, it is being done for you.

795
00:36:21,640 --> 00:36:24,080
Speaker 2: And a mutual fund is a company like a Franklin,

796
00:36:24,120 --> 00:36:26,120
Speaker 2: Simpleton or Oppenheim, And what they do is they pull

797
00:36:26,200 --> 00:36:28,160
Speaker 2: together let's say one hundred and fifty different stocks and

798
00:36:28,200 --> 00:36:30,719
Speaker 2: one mutual fund, and you pay a fee for that.

799
00:36:30,800 --> 00:36:33,480
Speaker 3: But you're paying a fee because they're doing the work

800
00:36:33,520 --> 00:36:34,280
Speaker 3: for you. Right.

801
00:36:34,320 --> 00:36:35,839
Speaker 2: So it's like a four one K, it's a job

802
00:36:35,880 --> 00:36:38,719
Speaker 2: where nobody really knows the money in a four one

803
00:36:38,800 --> 00:36:40,800
Speaker 2: K where it's invested, it's invested in stock market, but

804
00:36:40,840 --> 00:36:42,880
Speaker 2: nobody knows which stock is actually invested in.

805
00:36:42,960 --> 00:36:43,200
Speaker 4: Right.

806
00:36:43,440 --> 00:36:45,080
Speaker 2: The same thing with a mutual fund kind is like

807
00:36:45,120 --> 00:36:46,840
Speaker 2: you're investing in a mutual fund, like it could be

808
00:36:46,880 --> 00:36:48,880
Speaker 2: a tech fund, but that tech funm I have one

809
00:36:48,920 --> 00:36:50,880
Speaker 2: hundred and fifty different stocks inside of it.

810
00:36:50,960 --> 00:36:51,160
Speaker 4: Right.

811
00:36:51,520 --> 00:36:53,920
Speaker 2: So the benefit with that is that a it allows

812
00:36:53,920 --> 00:36:56,319
Speaker 2: you to invest in a low amount. It's like a

813
00:36:56,320 --> 00:36:58,440
Speaker 2: lot of times, like fifty dollars a month minimum or

814
00:36:58,440 --> 00:37:00,680
Speaker 2: like a thousand dollars a month longth sum. So you're

815
00:37:00,680 --> 00:37:03,239
Speaker 2: investing at a pretty low entry point, and you don't

816
00:37:03,239 --> 00:37:05,120
Speaker 2: have to do the work yourself, like you don't have

817
00:37:05,160 --> 00:37:05,640
Speaker 2: to research.

818
00:37:05,680 --> 00:37:06,840
Speaker 3: You know, it's being done for you.

819
00:37:07,160 --> 00:37:10,040
Speaker 2: And another way to invest is an index fund, right,

820
00:37:10,120 --> 00:37:13,480
Speaker 2: So an indexed fund, you know, attracts an index. So

821
00:37:13,520 --> 00:37:15,680
Speaker 2: we have like the S and P five hundred or

822
00:37:15,920 --> 00:37:18,440
Speaker 2: dal Jones and that's pretty much like a microcosm of

823
00:37:18,480 --> 00:37:22,000
Speaker 2: the stock market. And so instead of you trying to

824
00:37:22,040 --> 00:37:25,200
Speaker 2: pick stocks yourself, you're just investing in a broader stock

825
00:37:25,239 --> 00:37:28,399
Speaker 2: market as a whole. And that's another way where it's

826
00:37:28,480 --> 00:37:31,120
Speaker 2: it's passive, right, because you're not actually doing the work,

827
00:37:31,160 --> 00:37:35,000
Speaker 2: it's just mirroring the actual market. So I say those

828
00:37:35,120 --> 00:37:38,080
Speaker 2: those two ways in particular because we want everybody to

829
00:37:38,120 --> 00:37:43,080
Speaker 2: get involved in investing, and we encourage you to learn

830
00:37:43,120 --> 00:37:44,600
Speaker 2: and to do it yourself if you would like to.

831
00:37:44,719 --> 00:37:47,640
Speaker 2: But if not, that's still not an excuse to not invest,

832
00:37:47,680 --> 00:37:50,080
Speaker 2: because you can still invest in the stock market without

833
00:37:50,160 --> 00:37:53,720
Speaker 2: actually having to pick the stocks or do the work yourself.

834
00:37:54,920 --> 00:37:57,600
Speaker 5: I think the idea really is on a daily basis,

835
00:37:57,600 --> 00:37:58,720
Speaker 5: are you challenging yourself?

836
00:37:59,360 --> 00:38:00,880
Speaker 4: Right? Are you? Today?

837
00:38:01,480 --> 00:38:03,400
Speaker 5: I go to sleep and then I'll wake up tomorrow

838
00:38:03,400 --> 00:38:05,520
Speaker 5: and my better version of myself and all I askts

839
00:38:05,520 --> 00:38:09,120
Speaker 5: of life, right, like forget finance, just aspects of challenging yourself.

840
00:38:09,160 --> 00:38:12,760
Speaker 5: And when you start to challenge yourself, the reward comes

841
00:38:13,000 --> 00:38:14,600
Speaker 5: right slowly, but show you. It's like if I want

842
00:38:14,600 --> 00:38:16,400
Speaker 5: to lose weight. Sometimes I look in the mirror and

843
00:38:16,400 --> 00:38:18,480
Speaker 5: it's like, well, I'm not losing weight, and somebody sees you, going,

844
00:38:18,520 --> 00:38:20,640
Speaker 5: hey man, you losing weight, and it's like I didn't notice,

845
00:38:20,640 --> 00:38:22,919
Speaker 5: because I see myself every day, so I will never

846
00:38:23,000 --> 00:38:25,320
Speaker 5: notice the micro changes in myself.

847
00:38:25,680 --> 00:38:29,680
Speaker 4: But in this kind of forum, the ideas that get

848
00:38:29,680 --> 00:38:30,200
Speaker 4: better every day.

849
00:38:30,280 --> 00:38:32,200
Speaker 5: And the great thing about the stock market, and the

850
00:38:32,239 --> 00:38:35,400
Speaker 5: great thing about all the things you're speaking about, is

851
00:38:35,400 --> 00:38:36,360
Speaker 5: that it's tangible.

852
00:38:36,480 --> 00:38:38,640
Speaker 4: We can feel it, we can read it, we can

853
00:38:38,680 --> 00:38:39,160
Speaker 4: touch it. Right.

854
00:38:39,200 --> 00:38:41,279
Speaker 5: I can go to a Verizon store, I can walk

855
00:38:41,320 --> 00:38:43,799
Speaker 5: into a Nike store. I can tangim, I can feel it.

856
00:38:43,880 --> 00:38:45,600
Speaker 5: If I also can put up an article from the

857
00:38:45,640 --> 00:38:48,759
Speaker 5: Wall Street Journal, or I can donate my money, right,

858
00:38:49,040 --> 00:38:50,000
Speaker 5: I consider a donation.

859
00:38:50,120 --> 00:38:52,000
Speaker 4: Right, So when I say donate money, you have to

860
00:38:52,000 --> 00:38:53,000
Speaker 4: pay for the wallsh Journal.

861
00:38:53,360 --> 00:38:57,120
Speaker 5: But I'm donating to my knowledge, right, I'm donating money

862
00:38:57,120 --> 00:39:01,840
Speaker 5: to my knowledge fund paid for banterers. I'm donating money

863
00:39:01,840 --> 00:39:06,280
Speaker 5: to mine, I'm donating time to my knowledge. I'm investing

864
00:39:06,320 --> 00:39:10,480
Speaker 5: in myself to make myself better because the better I am,

865
00:39:10,719 --> 00:39:12,759
Speaker 5: the more I can do for other people. Right, So

866
00:39:12,880 --> 00:39:16,000
Speaker 5: part of my journey was that I understood when I

867
00:39:16,040 --> 00:39:19,600
Speaker 5: got into the game was the better I do, the

868
00:39:19,640 --> 00:39:21,880
Speaker 5: more I can do for people who don't know, because

869
00:39:21,880 --> 00:39:24,359
Speaker 5: they're gonna trust me because they figure, well, you work

870
00:39:24,400 --> 00:39:26,359
Speaker 5: in this field, so I'm gonna trust you the serain way.

871
00:39:26,400 --> 00:39:27,719
Speaker 5: I go to my dentists and they say, well, you

872
00:39:27,800 --> 00:39:30,840
Speaker 5: need this, and I always tell them you are professional.

873
00:39:31,239 --> 00:39:33,359
Speaker 5: I'm gonna do what I'm told, but I also want

874
00:39:33,360 --> 00:39:35,520
Speaker 5: to learn. Come not trying to just have dental work

875
00:39:35,560 --> 00:39:37,319
Speaker 5: done for no reason. So I'm gonna ask questions as

876
00:39:37,440 --> 00:39:41,120
Speaker 5: to why that's happening, and you can now tell me.

877
00:39:41,200 --> 00:39:41,959
Speaker 4: I'm gonna learn.

878
00:39:42,080 --> 00:39:44,600
Speaker 5: So the same thing premises holds true for this is

879
00:39:45,239 --> 00:39:48,920
Speaker 5: any money or time you're donating to investing yourself. So

880
00:39:49,000 --> 00:39:52,000
Speaker 5: these platforms also cost money. Let's not forget that this

881
00:39:52,040 --> 00:39:54,600
Speaker 5: stuff isn't free. It's not free to be knowledgeable, and

882
00:39:54,640 --> 00:39:57,600
Speaker 5: it's not free to just become an expert in something.

883
00:39:57,880 --> 00:40:01,640
Speaker 5: It takes sweat, equity and time, right, years, months, days,

884
00:40:01,680 --> 00:40:04,560
Speaker 5: whatever you want to do, and it takes a financial investment.

885
00:40:05,040 --> 00:40:08,600
Speaker 5: And I'm gonna waste twenty bucks thirty bucks on stuff

886
00:40:08,600 --> 00:40:11,520
Speaker 5: I don't need, right, No, we could do. We always

887
00:40:11,520 --> 00:40:14,040
Speaker 5: waste money, so we always find a reason. We can

888
00:40:14,080 --> 00:40:17,719
Speaker 5: always find the reason why we should buy something. Oh man,

889
00:40:17,760 --> 00:40:20,240
Speaker 5: them drugs is on sale. You know they there three hundred.

890
00:40:20,239 --> 00:40:22,800
Speaker 5: I put them for one fifty. You found the reason

891
00:40:23,200 --> 00:40:25,560
Speaker 5: didn't need them. The difference between the need and the want.

892
00:40:26,200 --> 00:40:29,239
Speaker 5: Same thing with this. These platforms cost money, well lots

893
00:40:29,280 --> 00:40:32,960
Speaker 5: you journally costs money. Barrens cost money financial terms for

894
00:40:33,239 --> 00:40:37,160
Speaker 5: financial times, excuse me, costs money. The economists costs money

895
00:40:37,160 --> 00:40:41,600
Speaker 5: to subscribe on their yearly basis. This isn't like a chore,

896
00:40:41,920 --> 00:40:44,040
Speaker 5: and if it is, it's not for you, right because

897
00:40:44,080 --> 00:40:45,600
Speaker 5: you got to invest in yourself the same way you

898
00:40:45,719 --> 00:40:47,880
Speaker 5: invest in your clothes and stuff that you might not

899
00:40:47,920 --> 00:40:50,120
Speaker 5: have in five years. Right, you might not have those

900
00:40:50,160 --> 00:40:52,600
Speaker 5: pairs of sneakers in five years, but that knowledgement, the

901
00:40:52,680 --> 00:40:55,160
Speaker 5: article or you got that, you got that for a

902
00:40:55,160 --> 00:40:55,800
Speaker 5: long time.

903
00:40:56,040 --> 00:40:57,080
Speaker 4: Justally quickly.

904
00:40:58,200 --> 00:41:01,320
Speaker 3: The knowledge on the podcast too, which is free.

905
00:41:02,760 --> 00:41:04,560
Speaker 6: I just want to touch because like you said, like

906
00:41:04,640 --> 00:41:07,000
Speaker 6: not having the armor is one thing, and investing yourself

907
00:41:07,040 --> 00:41:08,120
Speaker 6: as far as literature and reading.

908
00:41:08,160 --> 00:41:11,440
Speaker 4: Like in two thousand and seven, Rashad.

909
00:41:11,120 --> 00:41:13,040
Speaker 6: And a good friend about his Jama and my brother

910
00:41:13,120 --> 00:41:16,160
Speaker 6: Gred we started a company called Money Through invest In

911
00:41:16,760 --> 00:41:19,440
Speaker 6: and so you know, we were.

912
00:41:19,200 --> 00:41:21,520
Speaker 4: Into business, right. We didn't have no tools. We were

913
00:41:21,560 --> 00:41:23,960
Speaker 4: just trying to learn on our own. And I subscribed

914
00:41:24,000 --> 00:41:24,960
Speaker 4: to all these magazines.

915
00:41:24,960 --> 00:41:28,200
Speaker 6: I read BusinessWeek and I got this great article and

916
00:41:28,239 --> 00:41:29,919
Speaker 6: it was like, you know, things you should look into,

917
00:41:29,920 --> 00:41:31,239
Speaker 6: So like that was the first thing I did to.

918
00:41:31,200 --> 00:41:34,560
Speaker 4: Look at it. It's like, what are my interests? Right?

919
00:41:34,640 --> 00:41:37,480
Speaker 6: So I saw Apple and this is prior to the

920
00:41:37,480 --> 00:41:39,200
Speaker 6: iPhone that hadn't come out yet. And I saw this

921
00:41:39,239 --> 00:41:42,440
Speaker 6: company called Badu, which was like the Chinese version of Google.

922
00:41:42,440 --> 00:41:44,480
Speaker 4: I'm like, all right, Google's been China this this is

923
00:41:44,480 --> 00:41:46,359
Speaker 4: gonna be next, and then that's on China Mobile. I'm

924
00:41:46,400 --> 00:41:48,640
Speaker 4: not great, I'm gonna invest in these all right, boom.

925
00:41:48,719 --> 00:41:50,680
Speaker 4: So I did it. I was like, the iPhone is going.

926
00:41:50,640 --> 00:41:53,600
Speaker 6: To be huge prior to it being released, and it

927
00:41:53,680 --> 00:41:56,200
Speaker 6: was great the first six months, and then two thousand

928
00:41:56,200 --> 00:42:00,480
Speaker 6: and eight market crash and I got scared and I

929
00:42:00,520 --> 00:42:01,719
Speaker 6: took all money out, but.

930
00:42:01,680 --> 00:42:02,440
Speaker 4: I still watched.

931
00:42:02,640 --> 00:42:05,399
Speaker 6: I'll still watch it for the sideline and I saw

932
00:42:05,520 --> 00:42:08,400
Speaker 6: like companies go up sevenfold and I'm like, oh my gosh.

933
00:42:08,400 --> 00:42:10,399
Speaker 4: And then they did something call to split. You want

934
00:42:10,400 --> 00:42:12,800
Speaker 4: to play what the split is? Well, so stock split?

935
00:42:12,960 --> 00:42:15,120
Speaker 4: Could they either they can do a reverse stock split

936
00:42:15,480 --> 00:42:16,239
Speaker 4: or they can stock split.

937
00:42:16,360 --> 00:42:18,640
Speaker 5: Right, So if you have one share unless say the

938
00:42:18,680 --> 00:42:20,799
Speaker 5: shares one hundred dollars and the companies say we're doing

939
00:42:20,800 --> 00:42:23,719
Speaker 5: a four to one stock split, now you have four

940
00:42:23,760 --> 00:42:27,280
Speaker 5: shares at twenty five dollars, right, and the reverse dosplat

941
00:42:27,400 --> 00:42:28,960
Speaker 5: is like, we're going to make those four shares one

942
00:42:29,040 --> 00:42:31,680
Speaker 5: hundred dollars, right, So you have four twenty five dollars shares.

943
00:42:31,960 --> 00:42:34,840
Speaker 5: Now you have one share of one hundred dollars. Companies

944
00:42:34,880 --> 00:42:37,279
Speaker 5: do it for a multitude of reasons. Whether it is

945
00:42:37,280 --> 00:42:40,360
Speaker 5: to create volume, right because the stock market dealsn't supply

946
00:42:40,400 --> 00:42:42,879
Speaker 5: and demand. Why is the stock call so much, Whether

947
00:42:42,880 --> 00:42:44,320
Speaker 5: there's not a lot of volume where there's not a

948
00:42:44,360 --> 00:42:45,879
Speaker 5: lot of shares that are out there that you can

949
00:42:45,920 --> 00:42:48,400
Speaker 5: obtain so the price goes up the same way that

950
00:42:48,560 --> 00:42:51,680
Speaker 5: if like a sneaker comes out and then it gets

951
00:42:51,680 --> 00:42:53,759
Speaker 5: sold out and it's two hundred dollars at Nike, but

952
00:42:53,800 --> 00:42:55,920
Speaker 5: then you go on stock X and it's five hundred beans.

953
00:42:56,239 --> 00:42:58,719
Speaker 5: You're like, yo, but that's the value because there's only

954
00:42:58,760 --> 00:43:01,680
Speaker 5: so many shoes. Literally knows that, and they're going to

955
00:43:01,719 --> 00:43:04,440
Speaker 5: raise the price. That's the same thing in the stock market.

956
00:43:04,760 --> 00:43:07,640
Speaker 5: Sometimes the companies right will buy back shares of their

957
00:43:07,719 --> 00:43:10,360
Speaker 5: stock to take them off of the market. By buying

958
00:43:10,440 --> 00:43:12,640
Speaker 5: back the shares of their stock and taking them off

959
00:43:12,680 --> 00:43:16,319
Speaker 5: the market, it creates, right, it creates more demand for

960
00:43:16,360 --> 00:43:18,279
Speaker 5: the stock because there's less of supply out there for

961
00:43:18,280 --> 00:43:21,040
Speaker 5: me to get my hands on. So intrinsically, it will

962
00:43:21,120 --> 00:43:23,000
Speaker 5: raise the price to the stock, or hopefully raise the

963
00:43:23,040 --> 00:43:25,640
Speaker 5: price to the stock. Right, and raising the price the

964
00:43:25,640 --> 00:43:28,200
Speaker 5: stock gives it a different profile. If a stock is

965
00:43:28,239 --> 00:43:30,960
Speaker 5: trading at one hundred and fifty dollars a share, it

966
00:43:31,440 --> 00:43:33,520
Speaker 5: has a different profile than the stock that's trading at

967
00:43:33,560 --> 00:43:36,080
Speaker 5: five dollars a share. Right, we're not even discussing the company.

968
00:43:36,080 --> 00:43:38,560
Speaker 5: It's to have looks from the inside from the outside in.

969
00:43:39,200 --> 00:43:42,200
Speaker 5: And so sometimes companies want to go from being Nike

970
00:43:42,280 --> 00:43:45,160
Speaker 5: to Louis Right, or from Louis to Nike right accessibility

971
00:43:45,239 --> 00:43:49,160
Speaker 5: in terms of their demographic the customers will say. Some

972
00:43:49,200 --> 00:43:52,560
Speaker 5: companies might say, hey, we're trading at seven hundred dollars

973
00:43:52,560 --> 00:43:54,560
Speaker 5: a year, and we want to make our stock more

974
00:43:54,600 --> 00:43:57,920
Speaker 5: accessible to people who can afford this range, say from

975
00:43:58,000 --> 00:43:59,960
Speaker 5: one to fifty to two hundred, right, And by doing

976
00:44:00,239 --> 00:44:03,400
Speaker 5: the stock split or buying back these shares or different

977
00:44:03,520 --> 00:44:06,320
Speaker 5: ideas they have, they're acting on what they think is

978
00:44:06,360 --> 00:44:08,200
Speaker 5: best for their company. And again it kind of all

979
00:44:08,280 --> 00:44:12,439
Speaker 5: ties into the ecosystem and everybody's going to do what's

980
00:44:12,520 --> 00:44:18,839
Speaker 5: best for what for them and who makes all decisions CEOs, CFOs,

981
00:44:19,040 --> 00:44:22,400
Speaker 5: coos right, and the perception of the stock on the market.

982
00:44:24,520 --> 00:44:29,760
Speaker 2: My graduates from my school being force back drop bag drop,

983
00:44:30,400 --> 00:44:32,799
Speaker 2: my drop back drop drop.

984
00:44:43,440 --> 00:44:46,880
Speaker 9: With Robinhood, not only can you trade individual stocks and ETFs,

985
00:44:47,000 --> 00:44:50,840
Speaker 9: you can also seamlessly buy and sell crypto at low costs,

986
00:44:51,120 --> 00:44:54,520
Speaker 9: trade all in one place. Get started now on robin

987
00:44:54,520 --> 00:44:57,239
Speaker 9: Hood Trading. Crypto INALLLVE Significant Risk Crypto trading is offered

988
00:44:57,239 --> 00:44:59,560
Speaker 9: to do an account with the Robinhood Crypto LC. Robinhood Crypto

989
00:44:59,640 --> 00:45:01,759
Speaker 9: is licensed to engage in virtual currency business activity by

990
00:45:01,760 --> 00:45:03,799
Speaker 9: the New York State Department of Financial Services. Crypto held

991
00:45:03,800 --> 00:45:06,360
Speaker 9: the robin Hood crypto is not FDSC insured or SIPC protected.

992
00:45:06,480 --> 00:45:09,320
Speaker 9: Investing involves risk, including laws of principal securities. Trading is

993
00:45:09,320 --> 00:45:12,040
Speaker 9: offered through an account with robin Hood Financial LLC member SIPC,

994
00:45:12,239 --> 00:45:13,360
Speaker 9: a registered broker dealer