WEBVTT - EYL #68 The Originators 0:00:00.400 --> 0:00:03.120 Coach, the energy out there felt different. What changed for 0:00:03.160 --> 0:00:03.800 the team today? 0:00:03.880 --> 0:00:06.000 It was the new game day scratches from the California 0:00:06.080 --> 0:00:07.080 Lottery players. 0:00:07.120 --> 0:00:07.520 Everything. 0:00:07.840 --> 0:00:09.799 Those games sent the team's energy through the roof. 0:00:09.880 --> 0:00:11.880 Are you saying it was the off field play that 0:00:11.920 --> 0:00:13.000 made the difference on the field. 0:00:13.119 --> 0:00:15.840 Hey, little play makes your day, and today it made 0:00:15.880 --> 0:00:16.279 the game. 0:00:16.760 --> 0:00:19.319 That's all for now, coach, one more question play the 0:00:19.360 --> 0:00:22.119 new Los Angeles Chargers, San Francisco forty nine ers and 0:00:22.160 --> 0:00:25.440 Los Angeles Ram scratchers from the California Lottery. A little 0:00:25.440 --> 0:00:28.480 play can make your day. Peace made responsibily. Must be 0:00:28.480 --> 0:00:30.240 eighteen years or older to purchase late or claim. 0:00:30.320 --> 0:00:34.760 All right, guys, welcome back to eyl stated the union 0:00:35.479 --> 0:00:38.199 episode like that, Yeah, we had to spice it up 0:00:38.240 --> 0:00:40.200 a little bit once again. If you're a loyal listening 0:00:40.240 --> 0:00:43.200 to earn your lisia. You know how we started the show. 0:00:43.320 --> 0:00:46.400 It was just me and Troy, no guests, and you know, 0:00:46.400 --> 0:00:49.519 people always asked for that, and we did another episode 0:00:49.560 --> 0:00:53.680 which just us two months ago. I got a good reaction. 0:00:53.760 --> 0:00:55.040 So this is something that we're going to try to 0:00:55.080 --> 0:00:56.960 do at least once a month more. 0:00:57.040 --> 0:00:59.000 Well, there's a lot going on and like people want 0:00:59.000 --> 0:01:00.680 to know our opinion. They want us to break down 0:01:00.680 --> 0:01:01.160 these things. 0:01:01.160 --> 0:01:03.640 So yeah, so it's a couple of different models that 0:01:03.680 --> 0:01:05.760 we have, Like for the shows. Like some some shows 0:01:05.880 --> 0:01:08.000 is we bring guests on and they break down their 0:01:08.120 --> 0:01:11.880 energry like a how to like the mobile homes or 0:01:12.360 --> 0:01:13.360 vending machines. 0:01:13.120 --> 0:01:14.679 Like a house I just want to say machine. 0:01:15.240 --> 0:01:19.840 Then you got stories entertainment ones like Nick Storm, Kenny 0:01:19.840 --> 0:01:22.440 Burns where they like tell their their journeys and business. 0:01:23.080 --> 0:01:26.080 And then you have some some shows. But just us, 0:01:26.280 --> 0:01:29.000 we we're like commentators. It's like it's like commentators of 0:01:29.040 --> 0:01:32.200 what's going on, trending topics, business case studies, things of 0:01:32.240 --> 0:01:34.039 that nature, and we, you know, we give our take 0:01:34.080 --> 0:01:36.040 on and we can't just break it down and laming 0:01:36.120 --> 0:01:37.240 terms for everybody to understand. 0:01:37.360 --> 0:01:39.080 That's that seems to be like the formula for us 0:01:39.080 --> 0:01:41.200 in the beginning, right, it was like, Yo, get these things, 0:01:41.560 --> 0:01:44.559 these ideas from what's happening in the world and break 0:01:44.560 --> 0:01:45.520 it down to our audience. 0:01:45.560 --> 0:01:47.360 Man. So we're going to do that for all to day. 0:01:47.440 --> 0:01:49.680 Yeah, that's what we're gonna do. So before we start 0:01:49.960 --> 0:01:54.480 Philadelphia got about ten days left. It's crazy. I ain't 0:01:54.600 --> 0:01:57.480 gonna sit here a lot of the live podcast. We 0:01:57.520 --> 0:02:01.480 got Wallowed two six seven, Big Business near Mayah Davis 0:02:01.840 --> 0:02:05.000 and just added just added special alert. 0:02:05.280 --> 0:02:07.200 Yeah, yes, yes, the legend. 0:02:07.000 --> 0:02:11.880 Himself, John Henry, John Henry, Venture Capitalist, all star media 0:02:12.000 --> 0:02:15.920 guru everything. If you checked out John Henry's episode, you know, 0:02:16.080 --> 0:02:18.560 like this, this dude is really just special genius. 0:02:18.639 --> 0:02:20.239 He's special man, twenty seven years old. 0:02:20.400 --> 0:02:21.840 He hit me up. He hit me up like y'all 0:02:21.880 --> 0:02:23.560 heard y'all coming to Philly. And you know he does 0:02:23.560 --> 0:02:24.600 a lot of work in Pennsylvania. 0:02:24.680 --> 0:02:25.720 He's got some real estate stuff on. 0:02:25.800 --> 0:02:27.200 So he's like, y'all would love to be a part, 0:02:27.240 --> 0:02:30.320 and I'm like, let's do it. So John Henry will 0:02:30.320 --> 0:02:33.000 be in the building. And then the live podcast is 0:02:33.040 --> 0:02:36.840 also catered, yeah, open bar, and it's a private networking 0:02:36.840 --> 0:02:39.040 event too, So that's dope too because it's like that 0:02:39.160 --> 0:02:41.960 networking is just powerful, Like look how many people that's 0:02:42.000 --> 0:02:44.000 on the podcast, and then Wall Street Trapper is going 0:02:44.040 --> 0:02:46.880 to be there, and the mortgage a bunch of credit 0:02:46.919 --> 0:02:49.320 solutions to Beam and business all of us. It's gonna 0:02:49.320 --> 0:02:49.640 be crazy. 0:02:49.680 --> 0:02:53.280 You know, when you was doing the live with Neomia Davis, 0:02:53.560 --> 0:02:55.200 he was like, yo, people, are talking about the cost, 0:02:55.280 --> 0:02:56.239 and he was like, Yo, what is it going to 0:02:56.280 --> 0:02:58.679 cost you? If you're not in that room? Think about that. 0:02:58.960 --> 0:03:01.120 When he said that, I was like, damn, that's powerful. 0:03:01.360 --> 0:03:04.160 Now it's gonna be a whole vibework. Then the next day, 0:03:04.840 --> 0:03:07.919 the fifteenth of March, we have the workshop with a 0:03:08.040 --> 0:03:10.240 Tea Blair and I used to show that everybody's asked for. 0:03:10.240 --> 0:03:13.560 I used to show the real estate. Alex good Energy 0:03:13.680 --> 0:03:16.480 is going to talk about trucking industry and because if 0:03:16.520 --> 0:03:18.560 Edwards is going to be talking about vending machines and 0:03:18.639 --> 0:03:19.720 everything you need to know about everybody. 0:03:19.720 --> 0:03:21.160 Everybody's been calling about that episode. 0:03:21.240 --> 0:03:25.280 Yeah, episode is on fire. So yeah man, all of 0:03:25.280 --> 0:03:28.520 the information is on our website e y L experience 0:03:28.600 --> 0:03:32.400 dot com. Eyl experience dot com. Go check it out. 0:03:32.520 --> 0:03:37.120 And yeah, man, we love to see everybody turned out. 0:03:37.160 --> 0:03:39.360 So Philadelphia, man, we can't wait to see the whole team. 0:03:39.400 --> 0:03:41.280 Won't be there too, y'all for sure. So we're gonna 0:03:41.320 --> 0:03:44.160 jump right into it. The first topic that we're going 0:03:44.240 --> 0:03:47.320 to talk about is the coronavirus. 0:03:47.480 --> 0:03:48.240 Serious one man. 0:03:48.680 --> 0:03:53.000 Yeah, first and foremost, rest in peace to anybody. I 0:03:53.000 --> 0:03:55.040 think it's sixty four people. So far that have passed 0:03:55.080 --> 0:03:58.920 away from the coronavirus and anyone that's been effected get 0:03:58.920 --> 0:04:01.440 well soon. Yeah, because we're gonna talk about the business side, 0:04:01.480 --> 0:04:05.160 but even obviously bigger than business is health health. 0:04:05.240 --> 0:04:06.560 Yeah, and you want to you know. 0:04:06.600 --> 0:04:09.200 We can't take that light like it's a serious virus. 0:04:09.280 --> 0:04:10.840 Yeah, I think people get confused with that. 0:04:10.880 --> 0:04:13.440 They're like, I think people just unaware of what it is, right, 0:04:13.480 --> 0:04:15.800 So it's like they just hear it on the news 0:04:15.840 --> 0:04:18.600 and then it's completely oblivious to how it works and 0:04:18.640 --> 0:04:19.640 what it does to the body. 0:04:19.720 --> 0:04:21.360 So hopefully we're going to shed some light on. 0:04:21.279 --> 0:04:25.240 That, yeah, for sure. So, yes, the coronavirus started in 0:04:25.520 --> 0:04:26.960 Asia and China. 0:04:26.800 --> 0:04:29.280 I believe Muhan Muhan China. 0:04:29.120 --> 0:04:31.840 Yeah, a few months back, and it's just spread all 0:04:31.920 --> 0:04:35.960 over the world. Now, sixty four cases in America last 0:04:35.960 --> 0:04:39.960 time I checked eighty five thousand cases across the world world. 0:04:39.960 --> 0:04:42.720 Why so they're saying that it's a global crisis right now, 0:04:42.760 --> 0:04:46.359 So we have epidemics and pandemics, right. Epidemic meaning that 0:04:46.480 --> 0:04:50.080 it is something that is taking over a localized area, right, 0:04:50.160 --> 0:04:52.160 and then it may spread to a few communities, and 0:04:52.200 --> 0:04:54.960 then we turned in to a pandemic. It's like worldwide 0:04:54.960 --> 0:04:57.120 where it goes from one continent to the next. So 0:04:57.520 --> 0:05:00.000 they're saying not yet according to the CDC, not a pandemic, 0:05:00.200 --> 0:05:01.479 but a global crisis. 0:05:01.760 --> 0:05:05.320 Yeah, it's it's serious. And I was just traveling a 0:05:05.320 --> 0:05:09.159 few different countries and went to Toronto and connected fight in Toronto, 0:05:09.200 --> 0:05:12.680 and seriously, they gotta check, like what countries you've been 0:05:12.720 --> 0:05:15.159 to and have you been to Asia? And it's a 0:05:15.160 --> 0:05:19.480 serious situation. So it's affecting the world's economy because, at 0:05:19.560 --> 0:05:21.440 least on the podcast before, the world is flat now, 0:05:21.480 --> 0:05:23.960 so what happens on the other side of the globe 0:05:24.560 --> 0:05:27.960 affects the whole globe. So it happened in China, and 0:05:27.960 --> 0:05:30.200 obviously China is the world's second biggest economy. 0:05:31.360 --> 0:05:32.440 I mean huge supplier. 0:05:32.520 --> 0:05:34.640 Yeah, huge applier to the whole world, a lot of 0:05:34.680 --> 0:05:38.280 different things. So it's just taking a hit. It's taking 0:05:38.320 --> 0:05:43.360 a hit on some major corporations. Nike seventeen billion dollars 0:05:43.440 --> 0:05:47.359 has been shaved off of their valuation last week. Yeah, 0:05:47.800 --> 0:05:51.239 two hundred billion from all of the big tech companies. 0:05:51.480 --> 0:05:55.039 Apple, Apple had a huge loss. They have a city 0:05:55.040 --> 0:05:59.280 in China, I want to pronounce it right, jang jiang Zo, China. 0:05:59.279 --> 0:06:01.880 It's actually known as the iPhone capital of the world. 0:06:02.080 --> 0:06:03.520 Like half of the iPhones. 0:06:03.120 --> 0:06:04.039 In the world come from there. 0:06:04.200 --> 0:06:06.760 They actually had to shut down their factory three hundred 0:06:06.760 --> 0:06:08.000 and fifty thousand employees. 0:06:08.279 --> 0:06:09.440 Yep. That's like more than a city. 0:06:09.600 --> 0:06:14.599 No, it's serious, and it's like a lot of manufacturing 0:06:14.640 --> 0:06:17.200 goods come out of China. So even like on a 0:06:17.240 --> 0:06:20.400 local level, like I know people that's personally affected by it, 0:06:20.480 --> 0:06:23.640 like small business owners that's getting merchandise from China. 0:06:23.720 --> 0:06:25.560 We have that conversation every night and they can't get it. 0:06:25.600 --> 0:06:27.360 I just spoke to Alex get an energy shot out 0:06:27.360 --> 0:06:28.919 to Alex and he was telling me how the trucking 0:06:28.880 --> 0:06:30.120 industry is affected by it right now. 0:06:30.240 --> 0:06:30.480 Yep. 0:06:30.760 --> 0:06:33.440 A lot of goods that are being trucked that come 0:06:33.480 --> 0:06:35.560 in from China haven't come in or it can't come 0:06:35.600 --> 0:06:37.159 in right now, so the truck is a little slow 0:06:37.240 --> 0:06:40.039 right now. So it's affecting everybody. It's serious. 0:06:40.160 --> 0:06:43.480 I mean Chinese economy in itself, right we just finished 0:06:43.480 --> 0:06:45.520 having a trade war with them, and right after the 0:06:45.560 --> 0:06:48.520 trade war and now we have the coronavirus and it's like, 0:06:48.720 --> 0:06:51.839 you know, they're taking a huge hit huge hit manufacturing 0:06:51.960 --> 0:06:54.680 and even in the prescription drug that like that was 0:06:54.720 --> 0:06:56.520 something I had to find out myself, Like a lot 0:06:56.520 --> 0:06:58.960 of the ingredients that go into our prescription drugs come 0:06:59.000 --> 0:07:01.320 from China, so like this this sworages on that man. 0:07:01.360 --> 0:07:03.760 So it's like a global effect and things that we 0:07:03.839 --> 0:07:06.400 had no idea, Like this is how important this is? 0:07:06.640 --> 0:07:09.000 Yeah, So we'll start off with the stock market. So 0:07:09.360 --> 0:07:12.280 this is something that is a really big thing because 0:07:12.600 --> 0:07:17.560 stocks are down twelve percent one week, which is the 0:07:17.960 --> 0:07:20.640 largest pullback in the stock market for one week since 0:07:20.640 --> 0:07:25.080 two thousand and eight. Yep, since the financial crisis. That 0:07:25.200 --> 0:07:29.400 twelve percent pullback wiped away all of the gains for 0:07:29.560 --> 0:07:32.600 twenty twenty, so there's no gains that have been made 0:07:32.640 --> 0:07:34.400 as far as the stock market is concerned for the 0:07:34.400 --> 0:07:37.880 twenty twenty base off of just one week, they had 0:07:37.880 --> 0:07:41.280 its sharpest drop in the day since two thousand and eight. 0:07:41.320 --> 0:07:44.840 Once again. So it's it's it's it's really serious. So 0:07:44.880 --> 0:07:47.480 a lot of people's panicking right now, like what should 0:07:47.520 --> 0:07:50.360 we do? Yeah, it's like, you know, it's crazy. 0:07:50.400 --> 0:07:52.119 I've seen I've seen the comments like yeah, what should 0:07:52.120 --> 0:07:54.640 we do? What should we do? It's like, yo, listen man, 0:07:54.880 --> 0:07:58.040 and when we see red, we don't pin it. Yeah, 0:07:58.120 --> 0:07:58.720 we don't penning. 0:07:59.000 --> 0:08:01.440 I think I think it's import to understand that before 0:08:01.480 --> 0:08:04.320 we even talk about like the effect on the stock market, 0:08:04.560 --> 0:08:07.080 you have to understand how the stock market works. Like 0:08:07.080 --> 0:08:09.080 I don't think people fully understand how stock market works. 0:08:09.120 --> 0:08:12.680 So just general economy period. Like, So there's what's called 0:08:12.720 --> 0:08:13.840 bulls and bear markets. 0:08:13.920 --> 0:08:14.080 Right. 0:08:14.200 --> 0:08:16.120 The bull market is when the stock market is going up. 0:08:16.160 --> 0:08:17.960 The bear markets when the stock market is going down. 0:08:18.000 --> 0:08:19.440 The reason why it's called the bull because they have 0:08:19.440 --> 0:08:22.640 horns and they throw their prey in the air when 0:08:22.640 --> 0:08:23.760 they're like wrestling with them. 0:08:23.800 --> 0:08:26.040 They're aggressive in the sense well not even. 0:08:25.840 --> 0:08:28.400 That, but they throw it up like if you try 0:08:28.400 --> 0:08:31.239 to wrestle the bull, like they'll tors you up, whereas 0:08:31.240 --> 0:08:34.640 a bear wrestles you down. So that's why the bull 0:08:34.920 --> 0:08:37.360 goes up and the bear goes down. A little tibbot 0:08:37.559 --> 0:08:41.360 for anybody that was interested. So the average bull market 0:08:41.880 --> 0:08:45.640 is seven years, right, the average bear market is fourteen months. 0:08:45.960 --> 0:08:47.880 So we've been in a bull market since the end 0:08:47.920 --> 0:08:50.400 of two thousand and eight, so we're we're in almost 0:08:50.400 --> 0:08:54.000 a twelve year bull market. So I say that to say, 0:08:54.120 --> 0:08:56.120 if you study history, we can we can never predict 0:08:56.160 --> 0:08:57.839 the future, but the best way to kind of predict 0:08:57.840 --> 0:09:03.800 what what happens to look, we're ready years past, but 0:09:04.320 --> 0:09:07.199 should have been a beer market. So I mean it's 0:09:07.200 --> 0:09:09.200 common sense that a bear market is going to come 0:09:09.240 --> 0:09:14.160 eventually pretty soon probably. I mean, it's just like saying, Okay, 0:09:14.320 --> 0:09:18.160 if you live somewhere like in Florida and Miami, they 0:09:18.200 --> 0:09:21.120 have hurricanes, right, if you haven't had a hurricane in 0:09:21.360 --> 0:09:24.880 fifteen years, you're probably due for hurricanes coming. It's overdue. 0:09:24.960 --> 0:09:26.280 I mean, it's like the law of nurtier, right, what 0:09:26.360 --> 0:09:28.000 goes up eventually must come down. 0:09:28.559 --> 0:09:33.480 Yeah. So and then it is market corrections, right, So 0:09:33.559 --> 0:09:37.000 a market correction is a pullback in the market, usually 0:09:37.000 --> 0:09:39.480 about ten percent. So this is what will be a 0:09:39.559 --> 0:09:44.280 market correction, right, So what happens is that market corrections happen, 0:09:44.360 --> 0:09:47.280 Like we had a market correction in twenty eighteen, but 0:09:47.400 --> 0:09:50.200 we haven't had a recession, So people throw that term 0:09:50.240 --> 0:09:53.160 around a lot as well. Recession. How they define recessions 0:09:53.240 --> 0:09:57.559 is two consecutive quarters of negative GDP growth, So like people. 0:09:57.400 --> 0:10:00.840 Who don't know understand that quarters. Obviously, the being four 0:10:00.880 --> 0:10:02.560 in a year first, second, and third, fourth. 0:10:03.000 --> 0:10:06.319 Right, so that's like six months six months of negative 0:10:07.720 --> 0:10:15.440 d GDP growth will result in a recession. Right, So 0:10:16.400 --> 0:10:19.080 all right, how does this all play out for the 0:10:19.120 --> 0:10:22.200 stock market? Right? Right now, the stock market is going down. 0:10:22.520 --> 0:10:24.280 The stock market is not going to go to zero. 0:10:25.360 --> 0:10:28.720 It's not going to happen. So it's like if, in 0:10:28.760 --> 0:10:32.520 my opinion, like you, it's hard to time the market. 0:10:32.840 --> 0:10:34.400 These people are saying like, Okay, this is a good 0:10:34.400 --> 0:10:37.679 time to get in because the market is down. Well, 0:10:37.720 --> 0:10:40.240 you have to be careful with that, because it's still 0:10:40.280 --> 0:10:42.600 only down ten percent. It could go low like we 0:10:42.679 --> 0:10:44.640 saw it in two thousand and seven when the stock 0:10:44.640 --> 0:10:48.240 market was down five percent. So just because it's down 0:10:48.240 --> 0:10:50.600 ten percent, now you buy the dip. Now what if 0:10:50.600 --> 0:10:51.160 it dips again? 0:10:51.320 --> 0:10:52.360 We've learned that lessons than that. 0:10:53.400 --> 0:10:56.920 You gotta learned from crypto. Also people saying that you 0:10:56.960 --> 0:11:01.800 should sell and make a profit, right, So now that 0:11:02.040 --> 0:11:04.680 you have to be careful with as well, because it's like, 0:11:04.800 --> 0:11:09.480 all right, at what point do you do you decide 0:11:09.559 --> 0:11:12.400 that it's a good point to sell, because if you 0:11:12.640 --> 0:11:14.600 if you've brought a stock at one hundred dollars, right 0:11:15.000 --> 0:11:17.960 and it's now two hundred and it pulled and it 0:11:18.000 --> 0:11:19.920 pulled back from three hundred, then you might say, Okay, 0:11:20.000 --> 0:11:22.000 I double my money, I can sell. That might not 0:11:22.040 --> 0:11:24.480 be a bad idea. But if you brought a stock 0:11:24.640 --> 0:11:29.280 at one hundred dollars and it's now fifty dollars right now, 0:11:29.280 --> 0:11:31.520 you lost fifty percent of your money. So that's totally 0:11:31.559 --> 0:11:33.240 not a good time about You never want to sell 0:11:33.480 --> 0:11:35.839 when the stock market is down, because you only lose 0:11:35.880 --> 0:11:37.560 money in the stock market when you realize it, when 0:11:37.600 --> 0:11:39.440 you actually take the money, until that is just a 0:11:39.480 --> 0:11:40.200 loss on paper. 0:11:40.320 --> 0:11:44.079 Yeah, So I mean it's important to understand that because 0:11:44.720 --> 0:11:46.439 a lot of times people look at the economy to 0:11:46.480 --> 0:11:47.760 look at the stocks and they're like, all right, I'm 0:11:47.760 --> 0:11:50.360 gonna jump in now, or like I'm not invested in 0:11:50.360 --> 0:11:52.840 anything because everything must be down. That's not necessarily true 0:11:52.880 --> 0:11:55.040 as well, Right, we got there are stocks that are 0:11:55.040 --> 0:11:57.600 gaining in this economy even with the coronavirus. 0:11:57.679 --> 0:11:59.440 Yeah, we want to talk about that as well. But 0:12:00.640 --> 0:12:03.880 so once again, it's important to understand history and how 0:12:03.960 --> 0:12:07.840 history plays apart. Right, So if you look at like 0:12:08.080 --> 0:12:11.760 past viruses, this isn't the first virus. 0:12:11.320 --> 0:12:13.400 They said, and this is a good study too. I 0:12:13.440 --> 0:12:15.040 think it was in a business society. 0:12:15.040 --> 0:12:17.360 There was like it seems like every election year over 0:12:17.440 --> 0:12:20.679 the past like twenty years, there's always a virus, right. 0:12:20.679 --> 0:12:22.280 So in two thousand and four there was the stars 0:12:22.320 --> 0:12:25.679 remember that, like the acute respiratory syndrome. 0:12:25.760 --> 0:12:28.600 Then after that we had swine flu, and then after 0:12:28.640 --> 0:12:31.040 that we had the ebolavirus. Then after that we had 0:12:31.080 --> 0:12:31.720 the bola virus. 0:12:31.720 --> 0:12:36.160 Again, troller virus that was in Haiti effected. 0:12:35.880 --> 0:12:38.520 Right right, right right, So like right now, obviously we 0:12:38.520 --> 0:12:39.120 have a reduction. 0:12:39.200 --> 0:12:42.320 Yeah, now we have the coronavirus. So it's like we've 0:12:42.320 --> 0:12:43.160 seen these things before. 0:12:43.240 --> 0:12:46.360 Yeah, so, but but even digging it down even deeper 0:12:46.360 --> 0:12:49.319 than that. So once again, if you study history, you 0:12:49.320 --> 0:12:51.120 can kind of predict what's going to happen in the future. Right, 0:12:51.160 --> 0:12:55.040 So there's a six month pattern with viruses. I don't 0:12:55.040 --> 0:12:58.040 know why six months, but that's the pattern. In twenty ten, 0:12:58.440 --> 0:13:02.720 the choler virus I think the Caribbean I'm pretty sure 0:13:02.760 --> 0:13:05.160 I got said. I hope I'm pronouncing that correctly, but 0:13:05.600 --> 0:13:07.440 it was in Haiti. So the stock market was down 0:13:07.520 --> 0:13:10.080 two percent based off of that outbreak. Six months later, 0:13:10.120 --> 0:13:14.600 it was up thirteen percent. Twenty sixteen, the Zeka virus 0:13:15.320 --> 0:13:18.840 hit and the stock market was down six percent, and 0:13:18.880 --> 0:13:22.520 then six months later it was broke even. And then 0:13:22.720 --> 0:13:26.920 the Bolar virus, the bolar virus was down to seven percent, 0:13:27.480 --> 0:13:30.280 and then six months later it was pretty much even. 0:13:30.320 --> 0:13:32.880 So six months is like the window for these viruses, 0:13:33.160 --> 0:13:34.719 that's what they're saying. Six months the window if you 0:13:34.720 --> 0:13:38.480 look at the past. So if you follow that, in 0:13:38.600 --> 0:13:40.640 six months time, we should recover from this. 0:13:40.920 --> 0:13:42.240 So we about two months in right now. 0:13:42.720 --> 0:13:45.640 Yeah, So I say that to say at some point 0:13:45.640 --> 0:13:47.959 there will be a recovery, when I mean, it's kind 0:13:48.000 --> 0:13:50.439 of we just you have to use educated guesses, right. 0:13:50.480 --> 0:13:52.480 But the thing that like I see people on Instagram like, well, 0:13:52.480 --> 0:13:54.960 this virus is different, this is a It's really not. 0:13:55.640 --> 0:13:58.040 It's very similar to the SARS virus, where it's a 0:13:58.080 --> 0:14:03.560 respiratory virus where if you call for sneeze and your 0:14:03.720 --> 0:14:05.720 cells get in the air and goes to somebody, it's 0:14:05.720 --> 0:14:06.440 like happening a fever. 0:14:07.080 --> 0:14:09.280 I love history, Like history used to be my favorite 0:14:09.320 --> 0:14:11.440 subject in school because, like I said, that's the best 0:14:11.440 --> 0:14:12.800 way to kind of know what's going to happen in 0:14:12.800 --> 0:14:16.280 the future. Even going back to the plague like that 0:14:16.559 --> 0:14:21.320 killed millions, millions millions and ruined the world the economy. 0:14:21.760 --> 0:14:26.720 It's still bounced back like viruses, plagues, diseases. It's been 0:14:26.760 --> 0:14:29.120 going back since the beginning of time, right, and it's 0:14:29.160 --> 0:14:31.920 affected economy since the beginning of time as well. But 0:14:32.040 --> 0:14:33.880 for some reason, people have short term memories and they 0:14:33.880 --> 0:14:36.200 always think, like, what's happening now is the worst thing. 0:14:36.160 --> 0:14:36.880 Ever we live in. 0:14:36.880 --> 0:14:39.880 That that's the environment we live in, right, everything is immediate, 0:14:39.920 --> 0:14:41.120 like what's happening now, that's all. 0:14:41.040 --> 0:14:41.480 We can see. 0:14:41.800 --> 0:14:44.320 H And also we have a situation where we feel 0:14:44.320 --> 0:14:47.840 like everything that's happening to us is more important. So 0:14:48.240 --> 0:14:50.640 it's like, all right, this is happening now. It affected 0:14:50.640 --> 0:14:53.160 me right now, so this is different. No, it's really 0:14:53.240 --> 0:14:55.560 not different. It's just the other things might not have 0:14:55.600 --> 0:14:57.680 affected you because you might have been too young or 0:14:57.720 --> 0:15:00.800 you might not have been aware. But people, for some reason, 0:15:01.480 --> 0:15:04.080 they're like, well this is different. Like, no, it's like 0:15:04.080 --> 0:15:07.480 a hurricane hitting like hurricanes hit for thousands of years. 0:15:07.720 --> 0:15:10.120 It's just like if it affects your home now, it 0:15:10.160 --> 0:15:12.400 feels different. That was like, well this is the worst, 0:15:12.440 --> 0:15:14.000 you know, we gotta pull all my money out so. 0:15:14.000 --> 0:15:15.960 And I mean we have more tools to see it now, right, 0:15:16.040 --> 0:15:18.040 Like there's no escaping it, right, Like I know some 0:15:18.040 --> 0:15:20.000 people watch the news, a lot of people watch social media. 0:15:20.400 --> 0:15:22.960 We can see this. It's on it's on our feeds, 0:15:22.960 --> 0:15:25.960 it's in our timelines. We're seen it, not in the set, 0:15:26.080 --> 0:15:29.520 not oversaturated, but it's over publicized. It's like we can't 0:15:29.600 --> 0:15:31.440 escape it. So it feels like this is the worst 0:15:31.480 --> 0:15:33.000 thing that has ever happened. 0:15:32.760 --> 0:15:33.200 To this world. 0:15:33.240 --> 0:15:34.840 Yeah, and so it's like okay, so it's like what 0:15:34.880 --> 0:15:36.760 do you do? Right, So there's different there's different types 0:15:36.800 --> 0:15:39.560 of investments that people have absolutely, So like we'll go 0:15:39.600 --> 0:15:42.240 by like different ones. Retirement accounts. That's a big one 0:15:42.280 --> 0:15:43.960 and we talked about that before. Like a lot of 0:15:43.960 --> 0:15:47.960 people most people have the majority of their money saved 0:15:47.960 --> 0:15:50.720 and investments simil retirement accounts like a four one k ira. 0:15:51.200 --> 0:15:53.280 So that's going to be affected by the stock market. 0:15:53.360 --> 0:15:56.640 Stock market is theam right, Yeah, But it's important to 0:15:56.680 --> 0:15:59.800 understand retirement accounts for your retirement. It's long term. So 0:15:59.840 --> 0:16:04.120 if you're not planning on retiring anytime soon, just wait 0:16:04.200 --> 0:16:05.320 it out. 0:16:05.000 --> 0:16:07.320 You're not holding onto that like watch every. 0:16:07.240 --> 0:16:10.200 Day taking money out you start panicking, and now you 0:16:10.720 --> 0:16:12.440 lost money at that point in time, not only you 0:16:12.440 --> 0:16:14.680 have to pay taxes and you lost money, and it's 0:16:14.680 --> 0:16:18.720 a whole thing. So retirement accounts, it probably would make 0:16:18.760 --> 0:16:19.960 sense just to kind of wait it out. 0:16:20.040 --> 0:16:22.720 Probably, I mean, if it's for your retirement, most people 0:16:23.160 --> 0:16:24.080 should be waiting. 0:16:24.080 --> 0:16:27.600 Unless you plan on retiring like with next two three years. 0:16:27.640 --> 0:16:29.440 Then you say, okay, I might need to be a 0:16:29.480 --> 0:16:31.320 little bit more conservative because I can't afford to take 0:16:31.320 --> 0:16:33.840 a loss. But it's like just wait it out, like 0:16:34.000 --> 0:16:37.800 just relax right now. Short term investments a little different, 0:16:38.000 --> 0:16:39.440 like I said, I mean, if you just if you 0:16:39.960 --> 0:16:42.160 each individual situation is different, and that's why I hate 0:16:42.200 --> 0:16:45.360 people that give like blanket statement, blanket advice like sell 0:16:45.400 --> 0:16:47.360 all stocks or this is a good time to buy 0:16:47.400 --> 0:16:49.680 it out now by now, Like you can't say that. 0:16:49.760 --> 0:16:51.800 You can't say that. You got to look at individual situation. 0:16:51.880 --> 0:16:53.560 Like I said, if you have a short term portfolio 0:16:53.760 --> 0:16:56.080 and you made money, this might be a good time 0:16:56.120 --> 0:16:59.560 to take some profits, sell and wait it out if 0:16:59.600 --> 0:17:01.640 you haven't made money. I me personally, I'm never gonna 0:17:01.640 --> 0:17:04.360 sell if I do if I don't make money, It's 0:17:04.440 --> 0:17:06.399 like for what I already lost. I'm not trying to 0:17:06.440 --> 0:17:09.320 double my losses by actually selling. I want to just 0:17:09.320 --> 0:17:10.760 wait it out until it gets breaks back. 0:17:10.680 --> 0:17:13.360 In those valuable lessons, right, like the average investor, especially 0:17:13.359 --> 0:17:15.520 like in the beginning, and I could speak for myself, 0:17:15.520 --> 0:17:18.080 it was like the first time in two thousand and seven, 0:17:18.200 --> 0:17:20.560 like I had just found out like what stocks are, 0:17:20.560 --> 0:17:23.440 and I was studying it, and when the market crashed, 0:17:23.480 --> 0:17:25.640 that's the first thing I did. I wasn't educated, right, 0:17:25.680 --> 0:17:29.359 So like the educated investor, yeah, you gonna you're gonna 0:17:29.359 --> 0:17:31.000 know to do that, right. But for the average person 0:17:31.000 --> 0:17:33.360 who was just getting in, that's why this is important, 0:17:33.359 --> 0:17:35.760 Like having this topic and bringing lights to this is like, yo, 0:17:36.119 --> 0:17:38.720 we made the mistakes. Don't make those mistakes, like hold 0:17:38.720 --> 0:17:40.359 it that right, So hopefully you have to go through that. 0:17:40.480 --> 0:17:44.280 Yeah, and it's important too because it's like now you 0:17:44.400 --> 0:17:48.040 have to realize that emotions are like the biggest thing 0:17:48.080 --> 0:17:50.280 when it comes into the stock market. So no matter 0:17:50.320 --> 0:17:53.320