WEBVTT - Study Hall: Get Started In Stocks with Wallstreet Trapper 0:00:00.400 --> 0:00:04.280 You just realized your business needed to hire someone yesterday. 0:00:04.800 --> 0:00:09.520 How can you find amazing candidates fast easy? Just use Indeed. 0:00:09.960 --> 0:00:12.680 Stop struggling to get your job posts seen on other 0:00:12.760 --> 0:00:16.439 job sites. With Indeed sponsored jobs, your post jumps to 0:00:16.480 --> 0:00:19.000 the top of the page for your relevant candidates, so 0:00:19.120 --> 0:00:22.119 you can reach the people you want faster. According to 0:00:22.160 --> 0:00:26.120 Indeed data, sponsored jobs posted directly on Indeed have forty 0:00:26.120 --> 0:00:30.040 five percent more applications than non sponsored jobs. Don't wait 0:00:30.080 --> 0:00:33.519 any longer. Speed up your hiring right now with Indeed, 0:00:33.960 --> 0:00:36.200 and listeners of this show will get a seventy five 0:00:36.280 --> 0:00:39.440 dollars sponsored job credit to get your jobs more visibility 0:00:39.600 --> 0:00:45.320 at indeed dot com slash pod Katz thirteen. Just go 0:00:45.360 --> 0:00:50.120 to Indeed dot com slash pod katz thirteen right now 0:00:50.479 --> 0:00:53.040 and support our show by saying you heard about Indeed 0:00:53.080 --> 0:00:57.400 on this podcast. Terms and conditions apply. Hiring Indeed is 0:00:57.440 --> 0:00:58.040 all you need. 0:00:58.720 --> 0:01:02.560 EYL University this is the biggest online platform for education, 0:01:02.680 --> 0:01:05.640 but it's much much more. It's actually a community. Our 0:01:05.680 --> 0:01:08.639 private Facebook group has over eight thousand members and twenty 0:01:08.720 --> 0:01:11.520 infinity groups to students teach themselves just as much as 0:01:11.520 --> 0:01:15.199 the professors do. We have weekly webinars. We have over 0:01:15.240 --> 0:01:18.400 one hundred past webinars. You get access to MG the 0:01:18.440 --> 0:01:21.479 Mortgage Guys real Estate Blueprint. You get access to monthly 0:01:21.520 --> 0:01:24.560 financial planning calls with yours Truly. You get access to 0:01:24.600 --> 0:01:27.600 our monthly group chat, investment calls, and much much more. 0:01:27.920 --> 0:01:28.640 So. 0:01:28.680 --> 0:01:31.560 Go to eyl university dot com right now and take 0:01:31.560 --> 0:01:35.720 advantage of our limited offer blowout sales sixty five percent 0:01:35.800 --> 0:01:39.320 off of the annual membership eyouniversity dot com right now 0:01:39.560 --> 0:01:40.360 and become an earner. 0:01:42.440 --> 0:01:46.000 My graduates from my school being forced. 0:01:45.760 --> 0:01:51.000 Back drops drop my dropdrop drop. 0:02:00.880 --> 0:02:03.880 Trap. What's good? What's up? Bro? 0:02:04.160 --> 0:02:04.960 What's up? But love? 0:02:05.000 --> 0:02:07.280 It's all good. How y'all doing? 0:02:07.360 --> 0:02:07.520 Man? 0:02:07.720 --> 0:02:08.160 Love y'all? 0:02:08.320 --> 0:02:08.919 That was good? 0:02:09.800 --> 0:02:17.320 Glorious, glorious, glorious. What's good? Trapping a building hoping you build? 0:02:17.400 --> 0:02:21.680 Men were gone? We're done. 0:02:23.200 --> 0:02:26.919 That's a fact, man, first and foremost. 0:02:26.960 --> 0:02:27.160 Man. 0:02:28.560 --> 0:02:31.079 Congratulations man, you know it's been a whirlwind for you, 0:02:31.200 --> 0:02:33.600 I know, going on to Breakfast Club, almost two million 0:02:33.639 --> 0:02:37.679 views on your Breakfast Club interview, you know, pushing the 0:02:37.720 --> 0:02:40.280 culture forward and becoming a superstar. 0:02:41.480 --> 0:02:42.440 At the same time. 0:02:42.639 --> 0:02:45.440 Congratulations on all your success that you have been able 0:02:45.440 --> 0:02:45.960 to achieve. 0:02:46.000 --> 0:02:47.560 But more importantly congratulating. 0:02:47.760 --> 0:02:51.240 Congratulations on being able to educate and uplifts so many 0:02:51.280 --> 0:02:54.320 different people. Man, we had a networking event yesterday and 0:02:54.960 --> 0:02:56.920 you know, a bunch of people came up to us, like, Yo, 0:02:57.040 --> 0:02:59.959 you saved my life. Wall Street Trappers episode I started 0:03:00.040 --> 0:03:03.160 with his episode episode forty four. I found Wall Street 0:03:03.200 --> 0:03:05.560 Trapper through your leisure. I got there at least twenty 0:03:05.560 --> 0:03:10.040 five times. So you have a tremendous impact in the streets, 0:03:10.040 --> 0:03:14.480 in the culture, and in the world. So congratulations on 0:03:14.520 --> 0:03:19.920 your on your success. Uh many many blessings and continued 0:03:19.960 --> 0:03:21.160 success in the future. 0:03:21.280 --> 0:03:25.079 And we are very proud of your ascension. What what 0:03:25.440 --> 0:03:26.040 what's the model? 0:03:26.080 --> 0:03:27.440 Man? Wall Street looks like us now? 0:03:27.520 --> 0:03:27.720 Right? 0:03:27.919 --> 0:03:31.080 All Street looks like us now, Bro, I mean you 0:03:31.120 --> 0:03:32.360 already know what you're doing. 0:03:32.520 --> 0:03:35.600 Man, Wall Street calling you personally, Man, you're different. 0:03:37.160 --> 0:03:39.480 You know. The dope part is when they call I 0:03:39.560 --> 0:03:42.200 call my brothers. That's a fact, you know what I'm saying. 0:03:42.280 --> 0:03:44.320 And when they call me, I call my brothers like 0:03:44.360 --> 0:03:47.840 I put I put y'all on a boy. So y'all 0:03:47.880 --> 0:03:51.520 can head, you know. But more than anything, man, like 0:03:51.560 --> 0:03:55.480 everybody on rashad, you know, I appreciate that brother, you know, 0:03:55.520 --> 0:03:57.800 I always said, man ain't a Wall Street trap without 0:03:57.880 --> 0:04:00.560 ey l Man. I was doing my thing. But there's 0:04:00.640 --> 0:04:06.240 not one thing that y'all do that. Y'all don't say trap. Trap. 0:04:06.400 --> 0:04:09.360 I don't care. What interview y'all got coming is trap. 0:04:09.400 --> 0:04:11.560 You wanta come to this interview. If I'm not able 0:04:11.600 --> 0:04:14.760 to come, it's trapped. Come get on the line right quick. 0:04:14.760 --> 0:04:16.400 I'm about to throw your name out there. You get this, 0:04:16.680 --> 0:04:18.960 You know what I'm saying. And so that's the type 0:04:18.960 --> 0:04:21.480 of brotherhood, And that's the type of thing that I love. 0:04:21.560 --> 0:04:25.640 Being a part of the impact to the people is amazing, right, 0:04:25.680 --> 0:04:29.080 it's amazing. I love being able to impact people. And 0:04:29.240 --> 0:04:31.600 I love being able to say that I'm an only child, bro, 0:04:32.120 --> 0:04:34.279 you know what I'm saying. So I grew up all 0:04:34.720 --> 0:04:37.320 all my brothers who I call brothers. We was all 0:04:37.400 --> 0:04:40.200 some gangster stuff together, you know what I'm saying. So 0:04:40.320 --> 0:04:43.200 now for for me not to have to risk my 0:04:43.279 --> 0:04:45.719 life no more, for me not have to risk my 0:04:45.839 --> 0:04:50.160 freedom no more. That's the real gangster stuff. So my 0:04:50.200 --> 0:04:52.640 brothers helped me be better as a man. My brothers 0:04:52.640 --> 0:04:56.200 helped me, you know, learn how to do business better, 0:04:56.880 --> 0:04:58.560 learn how to be more impactful. 0:04:58.960 --> 0:04:59.159 Learn. 0:04:59.200 --> 0:05:01.680 I watched my brother put their families together, watched my 0:05:01.720 --> 0:05:05.040 brother's build a business and be impactful to the world 0:05:05.600 --> 0:05:08.479 and bring me on that journey. So man, like, with 0:05:08.640 --> 0:05:11.120 everything that I'm getting, y'all went in a breakfast club 0:05:11.120 --> 0:05:14.600 before me, you know what I'm saying. So when y'all went, 0:05:14.880 --> 0:05:19.440 y'all was so impactful. Rashad throws the Wall Street trapping 0:05:19.520 --> 0:05:22.960 name out there that wind up getting a clip in 0:05:23.040 --> 0:05:27.280 my mind, it was already prepared for me, you know 0:05:27.320 --> 0:05:28.960 what I'm saying. So when y'all went in the room, 0:05:29.040 --> 0:05:32.000 y'all keep the door down. I just followed up, and 0:05:32.040 --> 0:05:35.599 hopefully my follow up opened the door for somebody else. Brouh. So, 0:05:35.880 --> 0:05:39.360 even though I'm doing my thing as an individual entity, 0:05:39.839 --> 0:05:42.680 everything that I do and everything that y'all do always 0:05:42.680 --> 0:05:44.599 help us tie back in because we all on the 0:05:44.640 --> 0:05:48.039 same journey. Bruh. So, man, just you know I'm gonna 0:05:48.080 --> 0:05:50.320 get y'all the same thing. I love y'all, I appreciate y'all, man, 0:05:51.320 --> 0:05:53.200 And the only reason I'm not a LA was because 0:05:53.240 --> 0:05:55.080 I had my daughter and we just had to. 0:05:55.040 --> 0:06:02.159 Do that, each one, each one, teacher. 0:06:02.400 --> 0:06:05.159 Man, So let's jump into this before we start, we 0:06:05.279 --> 0:06:08.719 just want to welcome everybody, and if you're not familiar 0:06:08.720 --> 0:06:11.400 with what's going on here, we're going to talk about 0:06:12.000 --> 0:06:14.240 stock marketing. I don't even want to say for beginners, 0:06:14.240 --> 0:06:16.440 because it's not just for beginners, but just the basis. 0:06:16.760 --> 0:06:18.560 You know, a lot of times we talk very high 0:06:18.680 --> 0:06:21.320 level and it might go over people's heads. 0:06:21.320 --> 0:06:23.560 So we want to just kind of most like get again, 0:06:23.720 --> 0:06:26.839 reset the room, and you know, bring it back to 0:06:26.880 --> 0:06:29.960 the core essence of it and what we what we're 0:06:30.000 --> 0:06:32.520 doing here is once a month we have what's called 0:06:32.560 --> 0:06:36.839 open enrollment. So e y L University is our private school. 0:06:36.920 --> 0:06:38.640 So we have a public school which is earn your 0:06:38.720 --> 0:06:42.000 leisure and that's you know, it's free. It's free information, 0:06:42.080 --> 0:06:44.600 which I think nobody has given more free information than 0:06:44.720 --> 0:06:48.520 us on Instagram every single day, on YouTube, every single day, 0:06:48.560 --> 0:06:52.799 on podcast outlets all over from everything from real estate 0:06:52.880 --> 0:06:56.720 to truck games, everything. But some people just need more 0:06:56.720 --> 0:06:59.880 of a community feel and more of a private education. 0:07:00.080 --> 0:07:03.200 We created Eyo University and our goal for EUI University 0:07:03.240 --> 0:07:05.120 is to really have the largest. 0:07:04.640 --> 0:07:07.280 Online educational platform in the year in the world. 0:07:07.880 --> 0:07:10.520 And with that, you know, it's weekly webinar so we 0:07:10.560 --> 0:07:13.040 do this every single week with his Zoom classes, and 0:07:13.440 --> 0:07:16.040 people actually get to ask questions and get their questions 0:07:16.080 --> 0:07:19.120 answered as opposed to just watching a podcast. So we 0:07:19.160 --> 0:07:22.760 have a hundred of those archived. We have monthly financial 0:07:22.760 --> 0:07:26.600 planning calls with me. We have biweekly real estate calls 0:07:26.600 --> 0:07:28.800 an MG, the mortgage guy once again with it Soon 0:07:29.000 --> 0:07:31.400 and IT, you know, gets questions answer things that nature. 0:07:31.760 --> 0:07:34.360 We have a home Buyers Blueprint MG, the Mortgage Guys 0:07:34.400 --> 0:07:37.400 home Boys group fifteen hours of content. 0:07:37.040 --> 0:07:38.600 Everything we need to know about buying a home. 0:07:39.000 --> 0:07:41.280 They have a Facebook group with over six thousand people, 0:07:41.920 --> 0:07:44.720 and inside that Facebook group is actually twenty Infinity groups, 0:07:44.720 --> 0:07:47.280 so people actually network and build with each other. It's 0:07:47.320 --> 0:07:49.320 crypto clubs, it's stock clubs, everything. 0:07:49.360 --> 0:07:49.560 Thanks. 0:07:49.560 --> 0:07:51.880 Can I tell you something really quickly about the Infinity groups. 0:07:52.200 --> 0:07:54.040 Young man walked up to me yesterday. 0:07:54.440 --> 0:07:56.800 I'm not gonna mention his name, but came up to 0:07:56.800 --> 0:07:58.320 me and said, I want to talk to you about 0:07:58.400 --> 0:08:01.360 my accountability group. And that was something that we started 0:08:01.360 --> 0:08:04.800 early on. We broke into the book club said I 0:08:04.840 --> 0:08:07.000 was home this twelve months ago. I got in my 0:08:07.040 --> 0:08:11.400 accountability group. Not only in my living my best life, 0:08:12.040 --> 0:08:15.280 but I'm actually teaching people how to learn the stock market. 0:08:15.880 --> 0:08:19.120 I said, this is incredible, Like this is incredible, Like 0:08:19.160 --> 0:08:20.880 that's the type of life change of information that's that. 0:08:21.040 --> 0:08:22.760 Well, real quick because I want to get to this 0:08:23.040 --> 0:08:26.200 stock but real quick, you bring up Another gentleman came 0:08:26.240 --> 0:08:28.640 to me. He said, you know, it's so crazy because 0:08:28.680 --> 0:08:30.600 like when Ian said, like, if you ask about that 0:08:30.720 --> 0:08:31.800 for five thousand dollars. 0:08:31.640 --> 0:08:33.120 And they're going to tell you, they say, I'm gonna 0:08:33.120 --> 0:08:33.480 pray for you. 0:08:33.880 --> 0:08:36.439 He said, like last year, I spent three months in 0:08:36.520 --> 0:08:38.719 jail because I couldn't come with fifteen hundred dollars worth 0:08:38.760 --> 0:08:42.360 of bail money and none of my family and friends 0:08:42.360 --> 0:08:43.280 had fifteen hundred dollars. 0:08:43.280 --> 0:08:45.040 So I spent three months in jail. He said. 0:08:45.040 --> 0:08:48.959 I got out and I tapped into EUO and now 0:08:49.000 --> 0:08:52.120 I got my stock account. He said, I got about 0:08:52.160 --> 0:08:54.920 to buy my first multi family home and all of that. 0:08:54.960 --> 0:08:56.679 So financial literacy is life with death thing. 0:08:57.480 --> 0:08:59.720 This is crazy. That story's crazy. 0:09:00.640 --> 0:09:03.400 There was a gentleman who actually showed me a cash 0:09:03.480 --> 0:09:06.800 app that you sent him. I think seven months ago 0:09:07.920 --> 0:09:10.480 you and MG sent him a cash app and he 0:09:10.559 --> 0:09:13.640 said that moment, it was the first time you realize 0:09:13.679 --> 0:09:16.079 somebody believed in him, and so we put it into 0:09:16.120 --> 0:09:20.120 an investment account and now he's investing with a group 0:09:20.160 --> 0:09:24.080 of friends. Like I'm talking about, these testimonies don't just happen. 0:09:24.320 --> 0:09:27.400 I mean it's incredibly literally showed me like I ain't 0:09:27.400 --> 0:09:29.480 gonna say your name, your government, but it was there. 0:09:29.520 --> 0:09:31.800 You actually after them, and so did the MG man. 0:09:31.840 --> 0:09:34.400 So to you, it's a whole vibe, man. 0:09:34.440 --> 0:09:38.439 So all of that is is it Eyo University, including 0:09:38.440 --> 0:09:40.360 our private events. Now, so we had we had a 0:09:40.400 --> 0:09:43.720 private networking event yesterday in La which we're referring to, 0:09:44.320 --> 0:09:47.320 and I mean it was so crazy, man. We had 0:09:47.400 --> 0:09:50.840 nineteen keys there, we had Himpip one hundred dead Alex 0:09:50.880 --> 0:09:55.880 good Energy there, our boy Shaggy, We had Miss Business. 0:09:55.880 --> 0:09:59.520 We had a tear Blair Mike when she so just 0:09:59.520 --> 0:10:01.000 to be able to be in that kind of room 0:10:01.040 --> 0:10:02.720 with all those kind of people in that when that 0:10:02.800 --> 0:10:04.560 was only for Eyle University members. 0:10:04.559 --> 0:10:07.079 So you know, we just keep building this community. Man. 0:10:07.160 --> 0:10:09.000 Shout out to everybody that came. Shout out to open 0:10:09.040 --> 0:10:12.240 the Bay areas in their heavy hat Prinshaw, Shout out 0:10:12.280 --> 0:10:14.360 to my boys from Crenshaw that was in there. 0:10:14.520 --> 0:10:15.760 And it's just a vibe. Man. 0:10:15.800 --> 0:10:18.640 So this is an open enrollment, long story short, and 0:10:18.679 --> 0:10:21.560 you get to see it for yourself and if you're interested. 0:10:22.400 --> 0:10:26.239 The price right now six ninety nine. It's extremely undervalue. 0:10:26.800 --> 0:10:30.240 That's an understatement. That is forty eight hours. We are 0:10:30.320 --> 0:10:32.760 raising the price because we are investing in infrastructure, we 0:10:32.800 --> 0:10:37.480 have an employee, we're getting more employees, we're hiring more professors, 0:10:37.960 --> 0:10:40.520 and we're just expanding the program. So it's six ninety 0:10:40.600 --> 0:10:44.960 nine annual and that's good until Friday, twelve am Eastern 0:10:45.000 --> 0:10:47.480 Standard time for forty eight hours. I'll put the link. 0:10:47.520 --> 0:10:49.960 If you're interested, we'd love to see you on the 0:10:49.960 --> 0:10:53.120 other side. So track, let's get into this. My brother 0:10:53.800 --> 0:10:57.200 stock investing one oh one. 0:10:57.240 --> 0:10:58.679 You would like to start or would. 0:10:58.520 --> 0:11:03.240 You like to meet a kind of profit for you? 0:11:03.320 --> 0:11:05.680 No, it's it's it's cool with me, man. 0:11:05.720 --> 0:11:06.320 I want. 0:11:08.120 --> 0:11:12.080 Can I do uh ten scholarships at five hundred dollars? 0:11:14.640 --> 0:11:20.640 On me? Bro? Gotcha on me? Gotcha appreciate that ten 0:11:20.720 --> 0:11:22.920 of them appreciate that? 0:11:23.640 --> 0:11:27.719 Ten up. So we'll do that. Man, I don't know 0:11:27.720 --> 0:11:31.319 how we're gonna do it, dude. We got people in here, 0:11:31.360 --> 0:11:35.640 we got people in here, So we'll have somebody take 0:11:35.720 --> 0:11:38.200 some names. We'll get to that. 0:11:38.240 --> 0:11:39.280 We'll do that the end. 0:11:39.360 --> 0:11:46.040 Yeah, all right, So so we talk about stocks. One 0:11:46.080 --> 0:11:50.920 the one man we're talking about understanding that is so 0:11:51.080 --> 0:11:53.920 we understand that we put our money in a bank, right, 0:11:54.320 --> 0:11:58.679 and the bank gives us nothing on that, right. And 0:11:58.760 --> 0:12:01.200 so for me, and that's in the stock market was 0:12:01.200 --> 0:12:05.320 a way for me to say, how do I do 0:12:05.480 --> 0:12:09.560 two things? One gain ownership and businesses that I know 0:12:09.679 --> 0:12:14.120 and love and to make my money grow for me? Right, 0:12:14.840 --> 0:12:19.720 So let's talk about just from the beginning, right. One 0:12:19.800 --> 0:12:22.199 of the questions people often ask me is like trap, 0:12:22.320 --> 0:12:24.600 like what are the best brokers you accounts? Like, let's 0:12:24.640 --> 0:12:28.240 just start there, right, because you can't even invest in 0:12:28.280 --> 0:12:32.000 the market if you don't have an account, right, So 0:12:32.080 --> 0:12:33.600 let's start that. And here's one of the things that 0:12:33.640 --> 0:12:37.120 I learned on the journey, like many of many of 0:12:37.160 --> 0:12:42.000 our people really never even had bank accounts, like not 0:12:42.120 --> 0:12:45.800 even bank accounts, right, So we let's start with let's 0:12:45.880 --> 0:12:50.840 just have a broker's account. And so one of the 0:12:50.880 --> 0:12:54.200 things people ask is like, what are the best ones 0:12:54.240 --> 0:12:57.720 to have? So let's start there, right. So of course 0:12:57.760 --> 0:12:59.559 a lot of people will go with the TDM meror 0:12:59.559 --> 0:13:03.079 I mean with the robin hoods or the inn one finances, right, 0:13:03.120 --> 0:13:07.240 and these are good, these are cool, but they they 0:13:07.280 --> 0:13:09.720 don't offer a lot of other things that you would 0:13:09.760 --> 0:13:12.839 need to get in the game and learn a lot 0:13:12.880 --> 0:13:14.800 of things. So even if you went on robbin Hood, 0:13:14.800 --> 0:13:17.520 you will see that it's missing over one thousand stocks, 0:13:18.000 --> 0:13:19.960 right that you can't be a part of. Like one 0:13:20.040 --> 0:13:22.199 of my favorites I own is LV and Major or 0:13:22.240 --> 0:13:26.680 you can get it under LV and U y. I 0:13:26.720 --> 0:13:31.240 can't hear you saying summer Shot, oh all right, and 0:13:31.360 --> 0:13:35.679 you can't even get it on robin Hood, right, So 0:13:35.880 --> 0:13:38.760 I preferably Now, I'm not an advocate for none of these. 0:13:38.800 --> 0:13:41.760 I'm not getting paid for none of these. But I 0:13:41.880 --> 0:13:44.760 like TDM Merror Trade. I like t the Merror Trade 0:13:44.840 --> 0:13:49.560 because they give you so many different tools, so many updates, 0:13:49.600 --> 0:13:55.400 so many so many updated information, so much updated information. Also, 0:13:55.480 --> 0:13:58.680 what happens with robbin Hood is if you may not 0:13:58.679 --> 0:14:02.800 notice it, but if you look at Tdmmerior Trade and 0:14:02.800 --> 0:14:06.400 you looked at ribbin Hood, the prices would be different. 0:14:07.080 --> 0:14:10.080 So robin Hood has a lag and they get paid 0:14:10.120 --> 0:14:13.640 for that, right, They're getting paid for that split right, 0:14:13.880 --> 0:14:16.360 And what happens is you're buying it at a higher 0:14:16.440 --> 0:14:20.239 price on robbin hood than you would on a tdmmerior 0:14:20.280 --> 0:14:23.440 trade on the e trade where you're getting those real 0:14:23.640 --> 0:14:26.800 time results, right, And so that's where robbin hood is 0:14:26.840 --> 0:14:29.320 actually making money at So you think it's free, but 0:14:29.400 --> 0:14:33.160 you're paying for you're paying for with everything that every 0:14:33.200 --> 0:14:37.440 time you buy something, you're paying for that, right, And 0:14:37.480 --> 0:14:41.080 so that's something that people don't even much know. So 0:14:41.720 --> 0:14:45.800 I will always tell people again make the switch over 0:14:45.960 --> 0:14:52.320 to tdmmeror trade E trade Charles Swath Fidelity, right because 0:14:52.400 --> 0:14:55.560 of because of that fact, the one of the real 0:14:55.680 --> 0:15:00.880 time trades or the real time investments, but also more 0:15:00.960 --> 0:15:03.720 access to information, like you can go on te your 0:15:03.720 --> 0:15:06.560 meritrade and you can you buy a company. Excuse me, 0:15:06.560 --> 0:15:07.720 you all what I mean to hear that, But like 0:15:07.760 --> 0:15:11.440 when you buy a company, immediately you start getting reports 0:15:11.440 --> 0:15:14.960 of that company. Everything that company does, they immediately just 0:15:15.000 --> 0:15:18.080 start sending your reports on what that company is doing. Right, 0:15:18.160 --> 0:15:19.640 So now you don't have to look for when the 0:15:19.720 --> 0:15:22.960 earners report is. You're automatically going to get into it. 0:15:23.040 --> 0:15:26.080 As soon as that company has a voting situation. You're 0:15:26.160 --> 0:15:29.520 automatically going to get that information right. And I want 0:15:29.560 --> 0:15:32.600 you to understand something too, like we're not just buying stocks, 0:15:32.600 --> 0:15:36.680 We're actually buying part ownership in a company. Like let's 0:15:36.760 --> 0:15:39.440 understand that we're not just buying stocks, We're not just 0:15:39.480 --> 0:15:42.520 buying a piece of paper of a digital people. We're 0:15:42.560 --> 0:15:48.520 actually buying part ownership in a business where we're entitled 0:15:49.040 --> 0:15:56.080 to profits and assets that that company has, Like we're 0:15:56.480 --> 0:16:01.880 entitled to that right. Also, what I don't like about 0:16:01.920 --> 0:16:05.040 the robbin hood is anytime I'm dealing with my money, 0:16:06.120 --> 0:16:07.920 I want to be able to talk to somebody. I 0:16:07.960 --> 0:16:10.360 don't have to email you because you don't understand the 0:16:10.480 --> 0:16:13.800 frustration that you don't understand my concern. But what I 0:16:13.880 --> 0:16:17.480 got going on right, And again, I'm not saying like, 0:16:17.640 --> 0:16:21.200 don't do robbin hood at all. I'm just saying theyre 0:16:21.200 --> 0:16:24.800 are better avenues when you want to take this series. 0:16:24.920 --> 0:16:26.760 Like me, I don't take my money for fake and 0:16:26.800 --> 0:16:28.680 I don't take my money to play with you know 0:16:28.720 --> 0:16:30.680 what I'm saying. So I'm gonna be with somebody. If 0:16:30.680 --> 0:16:33.040 I have an issue, I can get on the phone 0:16:33.080 --> 0:16:35.840 and call tdmeror trade. I can get on the phone 0:16:35.880 --> 0:16:38.440 and call e trade. I can get on the phone 0:16:38.480 --> 0:16:42.160 and call shall swab and talk to somebody about something 0:16:42.200 --> 0:16:45.840 that's going on, whereas a robbin hood but you got 0:16:45.840 --> 0:16:48.920 to email somebody. And that's kind of not my strong point. 0:16:49.960 --> 0:16:54.480 So that's understand That first second thing is but you 0:16:54.520 --> 0:16:57.440 get paid two ways when you invest in the stocks. 0:16:57.480 --> 0:17:00.560 The two ways you get paid is one through cold 0:17:00.600 --> 0:17:03.880 hall cash, which is dividends. Now, every company doesn't pay 0:17:03.920 --> 0:17:08.320 dividends out right, every company doesn't pay dividends out but 0:17:08.400 --> 0:17:11.720 the dividend is now a portion of the profit that 0:17:11.800 --> 0:17:15.080 a company now pays to you. Right, So let's talk 0:17:15.119 --> 0:17:17.080 about that for a second before we even go a 0:17:17.119 --> 0:17:20.080 little further, right, So this is how the dividends paid out. 0:17:20.119 --> 0:17:22.560 And we'll just use e y L as a company, right, 0:17:22.640 --> 0:17:25.280 So EYL is a public company. We're gonna speak that 0:17:25.359 --> 0:17:28.919 into the future. I am going to be like that, 0:17:29.880 --> 0:17:33.199 like this, he rang the bell, I need to be 0:17:33.240 --> 0:17:36.640 here right there, right, So we got ey L as 0:17:36.680 --> 0:17:41.119 a public traded company, right, So e y L. You know, 0:17:41.200 --> 0:17:43.880 we understand how ey we start understanding one of the things. 0:17:43.880 --> 0:17:47.120 We just understand how EYL makes money. Right. So once 0:17:47.119 --> 0:17:50.439 we understand how EYL makes money, right, we want to 0:17:50.440 --> 0:17:51.960 be a part of that. We want to see are 0:17:52.000 --> 0:17:56.400 they profitable, are they not profitable. If they aren't profitable, 0:17:56.520 --> 0:18:00.800 we want to see how long will they be profitable. 0:18:00.840 --> 0:18:02.880 So that's one of the things about having was called 0:18:02.880 --> 0:18:06.960 the earnings report or earning statement. Right. So the company 0:18:07.000 --> 0:18:10.119 comes in and the company EYL tells us, look, y'all, 0:18:10.440 --> 0:18:15.000 we're not profitable right now, but we will be profitable 0:18:15.080 --> 0:18:19.320 in three to five years, we will be profitable, and uh, 0:18:20.720 --> 0:18:23.160 we'll be profitable. And they give us a time spent 0:18:23.240 --> 0:18:25.879 on when we're gonna be profitable, right. And so when 0:18:25.920 --> 0:18:30.000 they do that, now we can say, okay, since you're 0:18:30.080 --> 0:18:34.720 not profitable, what is the expectations on how you're going 0:18:34.800 --> 0:18:39.120 to become profitable? Right? So no company can pay dividends 0:18:39.160 --> 0:18:42.879 if they not gonna be profitable, right, So this is 0:18:42.920 --> 0:18:48.160 what we're gonna do if EYL was profitable, and they say, okay, 0:18:48.800 --> 0:18:53.840 we're gonna pay everybody who invested in our business these dividends. 0:18:54.440 --> 0:18:54.600 Right. 0:18:54.640 --> 0:18:58.960 So let's say in this quarter three months EYL says 0:18:59.520 --> 0:19:05.080 we're going to declaratividend of fifty cent per share. Right. 0:19:05.920 --> 0:19:09.600 So now what happens is let's say they made one 0:19:09.680 --> 0:19:14.160 hundred thousand dollars this quarter. They take fifty thousand dollars 0:19:14.200 --> 0:19:17.399 and say, yo, fifty thousand dollars, we're gonna pay bills with. Right, 0:19:17.480 --> 0:19:20.679 we got fifty thousand dollars remaining, We're gonna take thirty 0:19:20.800 --> 0:19:23.280 twenty thousand dollars and put that up to the side. 0:19:23.480 --> 0:19:27.160 That's we're gonna use that to acquire other businesses, acquire 0:19:27.400 --> 0:19:30.880 you know, make other investments. Right, and we're gonna take 0:19:30.880 --> 0:19:34.920 the thirty thousand and break that down and pay that 0:19:34.920 --> 0:19:38.720 to our investors. That makes sense to everybody. So now 0:19:38.760 --> 0:19:41.960 what we're doing now is we're gonna take that fifty 0:19:42.040 --> 0:19:45.719 cent and pay that to every investor, which you equals 0:19:45.720 --> 0:19:48.000 are two dollars a year, or you hit the term 0:19:48.080 --> 0:19:52.399 per share, or you hit the term annually. So EYL 0:19:52.440 --> 0:19:56.880 would pay two dollars annually per share, or they will 0:19:56.960 --> 0:20:02.480 pay fifty cent per share per quarter. If y'all feel 0:20:02.480 --> 0:20:04.560 what I'm saying right now just so far, just say 0:20:04.640 --> 0:20:08.040 we trapping? If that makes sense to y'allo. Did we 0:20:08.040 --> 0:20:10.560 give them fair wanting that trapping attire was required? 0:20:10.760 --> 0:20:12.040 Is we trapping? Trapping? 0:20:13.280 --> 0:20:20.080 Come on, there we go. Now we're talking. Get fun tire. 0:20:20.920 --> 0:20:23.800 You ain't tell them. I have to tell him bad. 0:20:24.040 --> 0:20:26.760 That's my back. I thought I was with them, like 0:20:26.800 --> 0:20:30.160 the trappers be already knowing we know, for god, I'm 0:20:30.160 --> 0:20:32.200 with the earn and so don't they got to get 0:20:32.240 --> 0:20:34.440 introduced to me exactly exactly. 0:20:34.480 --> 0:20:37.160 Look and some of the tubers they're not really familiar, 0:20:37.200 --> 0:20:39.200 so I gotta let them know. In advanced trapping, tire 0:20:39.359 --> 0:20:41.080 is a quiet earners, y'all know how it is worse. 0:20:41.680 --> 0:20:46.520 Don't play yourself forward yourself get ready, my bad, my bad, 0:20:47.760 --> 0:20:48.560 I'll be I ain't. 0:20:48.680 --> 0:20:51.200 I gotta start coming back because it's been a while since. 0:20:51.200 --> 0:20:52.760 I bet that's what it is. That's what. 0:20:54.160 --> 0:20:56.840 Wow. Like I've been lett my bros like go crazy. 0:20:58.000 --> 0:21:00.600 They ain't gone crazy. So I've just been like like, okay, 0:21:00.840 --> 0:21:03.320 like so listen, let me say this before we're going further. 0:21:03.359 --> 0:21:05.280 You're like, so let me say this. This is this 0:21:05.400 --> 0:21:10.560 is this is clutch. Right. So I'm not a financial advisor, right, 0:21:11.160 --> 0:21:15.040 Everything that I say is for education and entertainment purposes. 0:21:15.080 --> 0:21:18.800 Own right, know that in order to be a great investor, 0:21:18.800 --> 0:21:21.119 you must learn how to mitigate the risks. You must 0:21:21.200 --> 0:21:25.880 understand the pros and cons that comes with investing. Right, 0:21:26.720 --> 0:21:28.760 I am not a financial advisor, but I know him 0:21:28.720 --> 0:21:32.320 about the name of Rashad one part of the leisure family. 0:21:32.760 --> 0:21:36.720 He can take to glory. I can only take you. 0:21:44.200 --> 0:21:47.400 Now we trapping, Now we trapping. It's been a minute, right, 0:21:47.480 --> 0:21:51.680 so uh, let's talk about that when it comes to dividends. Right, 0:21:51.720 --> 0:21:53.800 So let's just get to that part first. Remember there's 0:21:53.800 --> 0:21:56.160 two ways that we can get paid, right. The first 0:21:56.240 --> 0:21:58.960 rad is through dividends. Right, so we understand the dividends 0:21:59.000 --> 0:22:02.040 is the co hall cast that every that not every company, 0:22:02.080 --> 0:22:05.320 but dividend paying companies paid to their investors. Right. So 0:22:05.359 --> 0:22:10.840 here's the thing. Every company doesn't pay dividends, y'all. Every 0:22:10.920 --> 0:22:14.320 company doesn't pay dividends. But just because the company doesn't 0:22:14.320 --> 0:22:17.760 pay dividends doesn't mean it's not a great company. Think 0:22:17.840 --> 0:22:21.080 about your facebooks, think about your Amazons, think about your Googles, 0:22:21.080 --> 0:22:24.000 think about your testaments, think about your Netflix. We can 0:22:24.040 --> 0:22:28.320 go on and so forward. What happens is when a 0:22:28.359 --> 0:22:33.600 company doesn't pay dividends, what they'll do is instead of 0:22:33.640 --> 0:22:36.600 paying that cold hall cash to you as an investor, 0:22:37.320 --> 0:22:41.160 they take that money, pour it back into the business 0:22:42.119 --> 0:22:46.200 and then you get the reward of seeing your equity 0:22:46.240 --> 0:22:50.280 grew in the business. Right, I see a question what 0:22:50.440 --> 0:22:52.920 makes a company decide whether or not they pay dividends? 0:22:52.960 --> 0:22:55.199 Let me answer that question of y'all, dontlind. So what 0:22:55.240 --> 0:22:57.560 happens is a company will gets a certain state or 0:22:57.560 --> 0:23:01.680 a certain level where they feel like, yo, growth isn't 0:23:01.760 --> 0:23:06.560 as much as it was early on. Right. So Amazon 0:23:06.640 --> 0:23:08.960 has so much growth in it it probably wouldn't pay 0:23:08.960 --> 0:23:11.920 a dividend for the next ten twenty years, right, ten 0:23:12.000 --> 0:23:16.480 years or something like that. Right, But Apple has been 0:23:16.520 --> 0:23:20.719 around so long they still have growth, right, and they 0:23:20.760 --> 0:23:23.560 feel like, Yo, you know what, we want to reward 0:23:23.600 --> 0:23:27.959 our investors for this. Now, what you'll see is two 0:23:28.000 --> 0:23:29.680 of the things I look for just to get y'all 0:23:29.720 --> 0:23:31.600 in this, and I won't to take y'all law. When 0:23:31.600 --> 0:23:33.520 we look in a dividends, want to look I look 0:23:33.560 --> 0:23:36.639 at two things. One is the pay our ratio, meaning 0:23:37.000 --> 0:23:40.520 how much are they paying out of their profit to us? Right? 0:23:40.680 --> 0:23:42.800 For me, I would like a company be paying me 0:23:42.800 --> 0:23:46.359 anywhere between fifty and sixty five percent. Well, trap, why 0:23:46.440 --> 0:23:50.440 not more than that? Because I'm not a greedy investor, right, 0:23:50.720 --> 0:23:54.240 because if they pay me seventy five percent of their profit. 0:23:54.600 --> 0:23:57.359 Then now they can't grow to business like I want, 0:23:57.720 --> 0:24:00.320 and so I would rather take my money alone little 0:24:00.320 --> 0:24:03.080 bit in a dividend for more in the growth. Because 0:24:03.119 --> 0:24:05.200 as long as we see growth, as long as they're 0:24:05.240 --> 0:24:08.199 adding value to the business, the share price is going 0:24:08.280 --> 0:24:11.200 to continuously increase at a good pace. Does that make 0:24:11.240 --> 0:24:13.080 sense to everybody? 0:24:13.160 --> 0:24:13.400 Yep? 0:24:13.960 --> 0:24:17.680 We trapping? All right? Cool? All right? So that's where 0:24:17.680 --> 0:24:21.560 the decision comes in. Right, it's saying, okay, if we 0:24:21.560 --> 0:24:24.120 were growing at fifteen twenty thirty, if we were going 0:24:24.160 --> 0:24:26.959 at sixty percent a year and our growth rate has 0:24:27.000 --> 0:24:30.160 scaled down to about twenty percent, Okay, let's start paying 0:24:30.160 --> 0:24:32.520 some dividends because we want to reward people for being 0:24:32.520 --> 0:24:34.920 with us, right, and we don't want them to feel 0:24:34.920 --> 0:24:38.240 like they got to go somewhere else. Right, So dividends 0:24:38.440 --> 0:24:41.800 one is a great style of investing, but it's also 0:24:41.840 --> 0:24:46.640 a way for companies to reward you for believing in them. 0:24:47.080 --> 0:24:49.399 So let's say we go back to Eyl. Eyl is 0:24:49.400 --> 0:24:51.560 going to be their reference we're going to always use. Right, 0:24:51.960 --> 0:24:55.520 So what happens is, right now, Eyyl will be what 0:24:55.560 --> 0:24:57.800 I would call a young buck. Right, This is a 0:24:57.960 --> 0:25:00.320 this is a while back, I broke down how I 0:25:00.359 --> 0:25:03.040 look at companies. Right, so EYL will be a young buck. 0:25:03.040 --> 0:25:04.760 They new to the game. They got a whole lot 0:25:04.800 --> 0:25:07.760 of potential, yo. Right, They're gonna make some mistakes along 0:25:07.800 --> 0:25:11.440 the way, but that's what happens in a growth process, right. 0:25:11.800 --> 0:25:13.640 So what happens is this, though, they're not gonna pay 0:25:13.680 --> 0:25:17.080 us no dividends right now, because they taking every dollar 0:25:17.119 --> 0:25:21.560 that they make to reinvest into the business. And so 0:25:21.760 --> 0:25:25.560 because they're reinvesting into the business, they can still grow 0:25:25.600 --> 0:25:30.480 at a rapid rate. Y'all with me? So now check 0:25:30.520 --> 0:25:34.320 this out too, though, when a company does pay dividends, 0:25:34.520 --> 0:25:39.560 here's the pro to it. When a company does pay dividends, 0:25:39.960 --> 0:25:46.160 what happens is anytime you see a market correction or 0:25:45.440 --> 0:25:51.040 a stock price is falling, dividing paying companies don't fall 0:25:51.119 --> 0:25:54.760 as much as everybody else. I like to use this analogy. 0:25:55.240 --> 0:25:57.600 You ever got a butt whipping from your mama before? 0:25:58.359 --> 0:26:00.440 But then you said, you know what, I'm about to 0:26:00.480 --> 0:26:02.600 get this ads whooping, I'm gonna go put another pair 0:26:02.640 --> 0:26:05.760 of pants on. I may never ever did that. I'm 0:26:05.800 --> 0:26:08.080 gonna go put another pair of pants on. So you 0:26:08.080 --> 0:26:10.560 put another pair of shorts on, you put another pair 0:26:10.560 --> 0:26:12.800 of pants on right quick, and that kind of take 0:26:12.880 --> 0:26:16.080 the blow away, right, so you thought until she started 0:26:16.119 --> 0:26:20.440 hitting you on your wrists and like, damn, I ain't 0:26:20.440 --> 0:26:24.800 had no protection for that, right, So that's what happened 0:26:24.800 --> 0:26:27.199 with dividends. So most often what happens is when the 0:26:27.200 --> 0:26:31.320 company pays dividends, because they're paying the dividends because they 0:26:31.359 --> 0:26:34.360 have that cash for that, they often don't take the 0:26:34.400 --> 0:26:38.280 same hit as it would if it wasn't paying one. 0:26:39.080 --> 0:26:41.560 Does that make sense to everyone? Does that make sense? 0:26:41.560 --> 0:26:44.840 That is that we we locking in right here, we traveling. 0:26:44.960 --> 0:26:47.600 And dividends are are not guaranted like they can stop 0:26:47.640 --> 0:26:50.359 dividends at. 0:26:50.080 --> 0:26:53.600 So again at dividends, so we're looking at this. So 0:26:53.720 --> 0:26:55.879 now we tap into something else while we're just talking 0:26:55.880 --> 0:26:59.359 about dividends. Right, One of the things we want to 0:26:59.359 --> 0:27:01.240 look at is a track record. And this is why 0:27:01.280 --> 0:27:03.440 we don't want you. This is why that other one 0:27:03.480 --> 0:27:07.000 made sense about the payout ratio, right, So what happens 0:27:07.080 --> 0:27:11.320 is this a company that has and this will get 0:27:11.320 --> 0:27:13.600 a little bit into like financing what I get into 0:27:13.680 --> 0:27:16.800 with it. But we want to be invested in businesses 0:27:16.840 --> 0:27:20.119 with great financials. With businesses with a lot with cash 0:27:20.160 --> 0:27:24.080 on deck, positive cash flow, positive cash on deck, and 0:27:24.080 --> 0:27:25.640 I don't want to go tool with people here because 0:27:25.640 --> 0:27:28.360 we won't keep it in that one on one second. 0:27:28.600 --> 0:27:30.760 But the reason why we want that is because in 0:27:30.960 --> 0:27:35.159 hard times, what we don't want them to do is 0:27:35.240 --> 0:27:42.840 cut it. See during the pandemic, a lot of companies 0:27:42.840 --> 0:27:48.000 did two things. They cut the dividend or they suspended 0:27:48.000 --> 0:27:53.280 the dividend. The reason being was because they didn't have 0:27:53.480 --> 0:27:58.280 enough cash to withstand one day. Didn't know how long 0:27:58.320 --> 0:28:00.720 the pandemic was going to happen, so they didn't They 0:28:00.760 --> 0:28:04.120 didn't have enough cash reserve to say, Okay, I can 0:28:04.200 --> 0:28:09.679 still pay my dividends and take care of my business financially. 0:28:10.320 --> 0:28:12.680 One of the two things got to happen. I gotta 0:28:12.720 --> 0:28:15.439 cut this dividend so I can make sure the companies 0:28:15.440 --> 0:28:19.920 stay afloat all gonna take on more debt to stay afloat. 0:28:20.200 --> 0:28:22.720 You never want those two things to happen. So you 0:28:22.760 --> 0:28:26.800 saw companies like Exxon. You saw companies you know, cutting 0:28:26.800 --> 0:28:31.359 their dividends, pausing they dividend, airline businesses, cruise ship businesses, 0:28:31.680 --> 0:28:34.600 cutting they dividend, freezing them because they couldn't do it. 0:28:34.880 --> 0:28:39.840 They couldn't burn sixty million dollars a day because nobody 0:28:39.920 --> 0:28:43.480 was flying and still pay you a dividend, not knowing 0:28:43.480 --> 0:28:47.200 this was going to take another year, year and some change. Right, 0:28:47.480 --> 0:28:50.400 so they cut it or they freezed it or whatever. 0:28:50.520 --> 0:28:52.840 You don't want that. You want a company that's in 0:28:52.880 --> 0:28:56.440 a good financial state that can continuously pay you that dividend. 0:28:56.720 --> 0:28:58.440 And so some of the companies you'll look at was 0:28:58.480 --> 0:29:04.120 called like dividing aristocrat, dividend kings, dividend challenges. Right, these 0:29:04.120 --> 0:29:08.240 are companies that paid dividends for ten years, twenty five years, 0:29:08.600 --> 0:29:11.680 and thirty years plus. But we don't want I don't 0:29:11.680 --> 0:29:14.680 want to go too far down the line with that, right, 0:29:14.720 --> 0:29:18.960 But that's yep, real quick. When a company suspendses dividend, 0:29:19.400 --> 0:29:21.360 is there usually a timeframe when they can pick it 0:29:21.400 --> 0:29:24.520 back up? They can't, So it's now it's up to them, 0:29:24.960 --> 0:29:27.720 Like when do we get our finances back on track? 0:29:28.080 --> 0:29:30.920 What does the future look like? Is the industry picking 0:29:31.000 --> 0:29:34.080 back up? Right? You start seeing things like that. So 0:29:34.160 --> 0:29:36.200 now they got to make a whole decision. They got 0:29:36.200 --> 0:29:39.160 to make that financial decision, and that's not a decision 0:29:39.200 --> 0:29:41.520 you want to have to worry about. Right, So if 0:29:41.520 --> 0:29:44.160 you're going to pick a company, so let's even say this, right, 0:29:44.240 --> 0:29:45.920 I want you to know this before I get into 0:29:45.960 --> 0:29:49.080 the other way. When you looking at dividing playing companies, 0:29:49.120 --> 0:29:52.440 you want to look at what's called that dividend yield. Right, 0:29:52.480 --> 0:29:54.320 So let me tell you what the yield is. The 0:29:54.520 --> 0:29:59.880 yield is simply the portion of the stock price that's 0:30:00.080 --> 0:30:02.640 being paid out to you in cash. So if the 0:30:02.680 --> 0:30:05.760 company's dividing yield is seven percent, you take seven percent 0:30:05.840 --> 0:30:07.920 of that stock price and you'll know exactly what you're 0:30:07.920 --> 0:30:08.920 getting as a dividend. 0:30:10.480 --> 0:30:10.680 Right. 0:30:10.720 --> 0:30:13.120 So if Apple has two hundred and some dollars and 0:30:13.160 --> 0:30:15.800 they're dividing is one point nine percent, then you take 0:30:15.840 --> 0:30:18.080 that one point nine percent and that'll give you what 0:30:18.160 --> 0:30:22.200 they're paying you as a dividend. Makes sense ever about it? 0:30:22.520 --> 0:30:23.040 That's a fact. 0:30:23.080 --> 0:30:25.840 And let me just reset the room real quick for 0:30:25.920 --> 0:30:30.120 anybody that has just joined. We're talking about stocks, how 0:30:30.120 --> 0:30:32.600 to get involved in stocks, how to start investing in 0:30:32.680 --> 0:30:34.440 stocks at the ground level. 0:30:34.720 --> 0:30:36.760 And you know, it was crazy. 0:30:36.760 --> 0:30:38.520 I don't know if you saw Market Mondays on Monday 0:30:38.560 --> 0:30:42.280 when Mike Novogratz when he was on and you know, 0:30:42.280 --> 0:30:43.000 he's a big cooin. 0:30:42.920 --> 0:30:45.320 Billionaire and big coin bonaire. That's a fact. 0:30:45.320 --> 0:30:48.560 He's a whale and there's only like three whales in America, 0:30:48.680 --> 0:30:52.320 him and the Winklevans twins. So it's like he's, you know, 0:30:52.560 --> 0:30:55.160 he's kind of an elite guy. And he was watching 0:30:55.200 --> 0:30:57.040 what we were saying with Ian was talking about and 0:30:57.040 --> 0:31:00.880 he was like, I was shoted. He's like, I'm prize 0:31:00.880 --> 0:31:03.680 that you guys are given this much informational information away 0:31:03.720 --> 0:31:05.480 for free. This is a guy that ran a hedge fund, 0:31:05.920 --> 0:31:09.440 that runs an investment firm now that is worth six 0:31:09.440 --> 0:31:12.640 billion dollars and me as a financial advisor, like I 0:31:12.680 --> 0:31:15.040 tell people this all the time, like trap, you know, 0:31:14.840 --> 0:31:17.600 he always he always says that I appreciate that as 0:31:17.600 --> 0:31:19.560 far as like I'm a financial advisor and he's not. 0:31:19.720 --> 0:31:22.200 But I can personally tell you that I've been a 0:31:22.200 --> 0:31:26.080 financial advisor for twelve years and he knows probably more 0:31:26.160 --> 0:31:31.680 than ninety five percent of my colleagues about stocks. So 0:31:31.720 --> 0:31:34.600 I say that to say, you know, sometimes we take 0:31:34.640 --> 0:31:37.280 things for granted, but this is you know, I went 0:31:37.320 --> 0:31:40.840 to college, I have a college degree, I'm a financial advisor, 0:31:40.920 --> 0:31:44.000 and a lot of this stuff he teaches me a lot, 0:31:44.400 --> 0:31:49.480 Like you know, so this level of education, even though 0:31:49.480 --> 0:31:51.760 it's basic for today, as far as the conversation is 0:31:51.800 --> 0:31:55.720 not basic. So just just you know, just keep that 0:31:55.800 --> 0:31:59.480 in mind. So if you can like the video on YouTube, 0:32:00.360 --> 0:32:04.400 that would greatly be appreciative. Appreciate it because that does 0:32:04.480 --> 0:32:06.680 help with the algorithm. So if you could just take 0:32:06.680 --> 0:32:09.680 a moment to like the video, and hopefully you guys 0:32:09.720 --> 0:32:11.720 have your note pads out and you're taking some notes. 0:32:13.120 --> 0:32:14.800 So yeah, sorry about that, trap, But. 0:32:15.160 --> 0:32:18.440 Oh man, that's you know, I always I always when 0:32:18.440 --> 0:32:21.520 you say that, I'll always be like, damn, you know 0:32:21.560 --> 0:32:23.760 what I'm saying, because it's what we do, you know, 0:32:23.880 --> 0:32:26.840 like we live it. We we we kind of take 0:32:26.880 --> 0:32:29.160 it for granted, like when you hit me like trap, 0:32:29.200 --> 0:32:31.040 we got to go back to the basics, like we 0:32:31.120 --> 0:32:33.000 always have that conversation, like bro, we got to go 0:32:33.040 --> 0:32:35.080 back to the basics because what we feel to realize 0:32:35.120 --> 0:32:38.400 that we're getting new people in every day all day. 0:32:38.400 --> 0:32:39.840 And I'm gonna just be real. I was talking to 0:32:39.880 --> 0:32:41.800 the guy today I'm not gonna say the name on 0:32:41.840 --> 0:32:44.520 Wall Street who I called y'all with, and he said 0:32:44.560 --> 0:32:49.600 something to me, Man, he said, we are now in 0:32:49.720 --> 0:32:53.240 a time, and first he was like he told me 0:32:53.280 --> 0:32:54.720 the same thing. He was like, I've been following you 0:32:54.800 --> 0:32:59.800 for a while and I'm impressed at how much information 0:32:59.880 --> 0:33:03.360 you giveaway. He was like, I'm impressed. He was like, 0:33:03.600 --> 0:33:06.720 I know people on Wall Street don't want you to 0:33:06.800 --> 0:33:10.800 be saying that, like real talk maybe on Wall Street 0:33:10.840 --> 0:33:13.960 four years. He's like, I know people on Wall Street 0:33:14.440 --> 0:33:18.000 don't want that to be said because what happens is 0:33:19.120 --> 0:33:23.440 that puts certain people out of jobs. You know what 0:33:23.480 --> 0:33:26.040 I'm saying. So when I hear a shot, I say 0:33:26.040 --> 0:33:29.280 that all not just be like damn because so many 0:33:29.280 --> 0:33:31.960 people coming in and I still learn. I still learn 0:33:32.040 --> 0:33:34.400 every day. I'm learning more, I'm learning from different people, 0:33:34.720 --> 0:33:37.600 I'm learning from different books. I'm just in my brain 0:33:39.040 --> 0:33:42.200 and so this comes out efinitly. This is our everyday conversation. 0:33:42.320 --> 0:33:45.120 So for people to get this, man, I truly want 0:33:45.160 --> 0:33:48.920 That's what trap or tire required really means. It means 0:33:48.960 --> 0:33:52.560 when you're pinning your path yor like, bring that and 0:33:52.680 --> 0:33:55.560 if you're above this level, that's cool. This is a 0:33:55.600 --> 0:33:58.000 refresher for you. You know what I'm saying. That's I 0:33:58.120 --> 0:34:01.080 always feel like if you as this, this the refresher, 0:34:01.120 --> 0:34:03.920 because once you gain so much now sometimes you forget 0:34:03.920 --> 0:34:07.680 the basics. You know, we call that a review. 0:34:07.800 --> 0:34:11.920 In the education field, Hey, somebody's somebody's asking what the 0:34:11.960 --> 0:34:14.200 share is and so really quickly, and this is something 0:34:14.200 --> 0:34:16.520 that we deal with with our students. A share is 0:34:16.520 --> 0:34:18.239 a piece of ownership in the company. And so the 0:34:18.280 --> 0:34:19.920 best way we'd like to explain it this thing of 0:34:19.920 --> 0:34:23.560 a pie of pizza, that that pie gets cut into 0:34:23.560 --> 0:34:25.840 eight slices, ten slices, a million slices. 0:34:26.400 --> 0:34:28.840 Each piece is a part of ownership. 0:34:28.920 --> 0:34:32.080 And so the more slices you buy, the more ownership 0:34:32.120 --> 0:34:34.680 you have in that pie. And so that that's what 0:34:34.719 --> 0:34:36.480 it shares. I see some people in the in the 0:34:36.560 --> 0:34:38.640 zoom the earners are asking what to share is? That's 0:34:38.680 --> 0:34:40.560 what I want to say, share. I want to ask 0:34:40.600 --> 0:34:42.640 you a question. We talk about ETFs a lot on 0:34:42.719 --> 0:34:46.000 market money. They talk about ETFs a lot, but people 0:34:46.080 --> 0:34:49.120 might they still might not fully understand what the ETF is. 0:34:49.760 --> 0:34:53.279 So can you talk about what the what the e 0:34:53.400 --> 0:34:54.359 t F is? 0:34:54.880 --> 0:34:57.319 All right? Cool? Let me say this first shot before 0:34:57.360 --> 0:34:59.279 we do that. And the second where you get paid 0:34:59.400 --> 0:35:02.840 with stock is through equity. The first way is vivid 0:35:02.960 --> 0:35:05.799 in the second way is The second is equity. So 0:35:05.880 --> 0:35:08.520 equity is if you're invested in a business that probably 0:35:08.520 --> 0:35:11.320 doesn't pay dividends. But that's simply saying is if you 0:35:11.440 --> 0:35:13.800 put ten dollars in and the stock goes up to fifteen, 0:35:13.840 --> 0:35:16.520 you now have five dollars in equity in it. Right, 0:35:16.560 --> 0:35:18.400 if it goes up to one hundred, now you have 0:35:18.520 --> 0:35:20.799 ninety dollars in equity in it. But here's the thing. 0:35:20.840 --> 0:35:22.680 The only way you can get that money is by 0:35:22.719 --> 0:35:26.359 selling it. The only way you get that money is 0:35:26.400 --> 0:35:29.360 by selling it. I want you all to think long 0:35:29.480 --> 0:35:33.280 term when we talk about you got to ask yourself. 0:35:33.320 --> 0:35:37.640 Am I a trader or am I an investor? Somebody say, 0:35:37.680 --> 0:35:40.120 don't forget to talk about all the types of stop losses. 0:35:40.360 --> 0:35:44.799 That's cool, but as an investor, I want you to 0:35:44.840 --> 0:35:48.000 think long term, and sometimes those things are null and void. 0:35:49.520 --> 0:35:52.080 Right when you think an investor, were not wearying about 0:35:52.440 --> 0:35:56.319 like stop losses as an investor, as a trader, were 0:35:56.360 --> 0:35:59.560 talking different. We talking investing here. So were talking by 0:35:59.560 --> 0:36:03.440 our company. Hold it. As the company grows, we grow, 0:36:03.800 --> 0:36:08.520 at some point, we sell, take profits and then reinvest. 0:36:08.760 --> 0:36:11.760 That's what we're talking right, So that is that doesn't 0:36:11.800 --> 0:36:14.759 make sense. Family of limit, all this market, all the 0:36:14.800 --> 0:36:17.480 stop laws. But right now we're just talking buy and 0:36:17.600 --> 0:36:22.000 whole long term mid term investing. We don't even do 0:36:22.120 --> 0:36:24.759 that at that right, not right now, not right now, 0:36:24.840 --> 0:36:27.080 great point building. So I want you all to know 0:36:27.120 --> 0:36:29.440 that when it comes to stocks, you get paid two ways. 0:36:29.719 --> 0:36:32.720 One is through dividends. The next way is through equity. 0:36:32.920 --> 0:36:35.479 The dual part about dividends is you get paid two times. 0:36:35.520 --> 0:36:38.920 You get paid through dividends and you get paid through equity. 0:36:39.719 --> 0:36:42.359 So and before I move to the etf ever shot 0:36:42.440 --> 0:36:45.640 asks me, some people ask when are dividends normally paid? 0:36:46.200 --> 0:36:49.720 So they're paid depending on the company, they can normally 0:36:49.719 --> 0:36:52.600 it's every three months, which is every quarter, right, so 0:36:52.719 --> 0:36:57.040 you'll you'll pay quarterly. Some companies pay once a year. 0:36:57.840 --> 0:37:01.920 Some people like Disney pay every six months semi an. 0:37:02.520 --> 0:37:04.600 So you would have to figure out and it's easy. 0:37:04.600 --> 0:37:06.680 You go to the company and they'll tell you how 0:37:06.719 --> 0:37:09.799 they're paying their dividends out and then and then some 0:37:09.840 --> 0:37:13.239 companies actually can pay a special dividend, but that's a 0:37:13.239 --> 0:37:15.880 whole other thing. So just to let y'all know that 0:37:16.000 --> 0:37:19.759 right quick, So asked me talk about et s and 0:37:19.800 --> 0:37:26.960 so for me, I personally feel that as a beginner investor, 0:37:28.000 --> 0:37:32.359 e t s are a great way to start. I 0:37:32.440 --> 0:37:36.000 personally own to ETS now, and so it's not just 0:37:36.160 --> 0:37:41.800 limited to beginner investors. Right, So what happens is, let's 0:37:41.880 --> 0:37:43.880 let's think about it like this. Let's see and this 0:37:44.040 --> 0:37:46.440 is the best way that I always learned how to 0:37:46.480 --> 0:37:50.560 talk about it. So let's say you walked into the 0:37:50.640 --> 0:37:55.879 grocery store and you wanted to buy a bag of chips, right, 0:37:56.000 --> 0:37:59.319 but you didn't know exactly what bag of chips you 0:37:59.360 --> 0:38:02.400 wanted to buy. But we also know that in a 0:38:02.440 --> 0:38:10.160 bag of chip all there's pretzels, popcorn, crackers, uh, just wafers, 0:38:10.440 --> 0:38:13.719 cookie all that is in the bag of chip op. Right, 0:38:14.000 --> 0:38:16.799 So let's thing about this. Each bag of chips are 0:38:16.880 --> 0:38:22.440 each pretzel, each cookie represented a company. Right, So each cookie, 0:38:22.560 --> 0:38:26.200 each each cookie brand, each pretzel brand, each popcorn brand, 0:38:26.560 --> 0:38:31.080 each bag of chip brand, they all represented a different company, 0:38:31.520 --> 0:38:36.399 but they all are on the bag of chip op. Right. 0:38:37.719 --> 0:38:42.680 Then ETF is saying I don't know which cookie, cracker, 0:38:42.800 --> 0:38:45.879 pop competato chip I want, but I know I want 0:38:45.920 --> 0:38:48.120 one of them, so I'm gonna just buy the whole 0:38:48.200 --> 0:38:55.560 our that's the ETF. That's the ETL. An ETF is 0:38:55.600 --> 0:38:59.680 simply saying I want to buy in a certain sector 0:38:59.760 --> 0:39:03.480 of a market, but I don't know which company I want, 0:39:03.680 --> 0:39:07.480 so I get this sector. Now, different et s can 0:39:07.520 --> 0:39:10.520 be for the same sector but have different companies inside 0:39:10.520 --> 0:39:14.479 of it. Right, So you can buy marijuana ETF MJ. 0:39:14.640 --> 0:39:19.480 But it may have con chronos, it may have canopy growth, 0:39:19.560 --> 0:39:24.160 it may have YEAH them, but then you may get YO. 0:39:24.840 --> 0:39:29.120 It may have it may not have canopy growth. It 0:39:29.200 --> 0:39:35.719 may have GW, it may have I I, p R, 0:39:36.120 --> 0:39:38.280 you know, it may have different ones, but it's still 0:39:38.440 --> 0:39:43.520 different marijuana et s. Right, so that everybody understands, that's 0:39:43.560 --> 0:39:46.720 exactly what the ETF is. It gives you the option 0:39:46.880 --> 0:39:49.960 to be inside of a sector that you like. And 0:39:50.040 --> 0:39:52.480 if you don't know exactly which company you have a 0:39:52.680 --> 0:39:55.120 which company like you want to go with, you still 0:39:55.120 --> 0:39:57.640 want to research it, you can go there. One of 0:39:57.680 --> 0:40:00.560 the ets I personally got in was one p R 0:40:00.760 --> 0:40:04.239 n T. I told Troy about it a while back. Right, 0:40:04.320 --> 0:40:07.480 it's a three D print ETF. I was still learning 0:40:07.480 --> 0:40:09.759 the companies in there. I was still doing research on 0:40:09.840 --> 0:40:12.239 the companies in there. But I bought the ETFs. I 0:40:12.280 --> 0:40:15.080 was like, Yo, this is a hot industry that's going 0:40:15.160 --> 0:40:17.319 to be around for a launch. This is the this 0:40:17.360 --> 0:40:20.200 is where we're headed at. So I bought the ETF 0:40:20.560 --> 0:40:23.400 until I'm able to break down and understand all of 0:40:23.400 --> 0:40:26.879 those companies. The dope part about it et U is this, 0:40:28.880 --> 0:40:33.440 they almost automatically do all the research for you. So 0:40:33.520 --> 0:40:36.760 they've already put the best companies in there, the best 0:40:36.760 --> 0:40:40.640 performing companies. They've already done it. Now. The dope part 0:40:40.680 --> 0:40:44.720 about it et UP is also this, they will change 0:40:44.760 --> 0:40:48.640 those companies out once a year dependent on the performance. 0:40:49.400 --> 0:40:52.840 All what they'll do is they'll say this company is 0:40:52.880 --> 0:40:57.480 performing well, this company is performing bad, but this company 0:40:57.560 --> 0:41:02.600 is slowing down, all right, juice. Example, Alesia has the ETF. 0:41:03.239 --> 0:41:06.000 Inside of the ETF, they got Wall Street trapper, they 0:41:06.000 --> 0:41:09.719 got Mad the mortgage guy, they got David Shan's, they 0:41:09.719 --> 0:41:14.440 got every you know, ash cash, the new people. Everybody 0:41:14.640 --> 0:41:17.640 is in there. Now here's the thing. Everybody will have 0:41:17.719 --> 0:41:22.279 a different percentage, right, so they may have I'm gonna 0:41:22.320 --> 0:41:25.520 be buying myself. They got forty percent of the ETF 0:41:25.560 --> 0:41:26.440 and Wall Street trapped. 0:41:29.760 --> 0:41:35.200 That sounds about right, sounds about right, Going stock going 0:41:35.200 --> 0:41:35.600 a way up. 0:41:38.400 --> 0:41:41.040 Forty percent of the EATF is in Wall Street Trapper, 0:41:41.400 --> 0:41:44.239 ten percent of the fifteen percent of the ETF me 0:41:44.320 --> 0:41:47.480 being mad the mortgage guy. So on before until we 0:41:47.560 --> 0:41:52.480 get to a one hundred percent. Here's the thing. They 0:41:52.520 --> 0:41:58.200 may say, Matt gonna kill me for this. So let's 0:41:58.239 --> 0:42:01.920 say that the markets god slowed up a little bit, 0:42:03.600 --> 0:42:08.319 he didn't perform as well this year. But let's say 0:42:08.440 --> 0:42:14.960 David Shans like was increased, like his wave was growing. 0:42:15.600 --> 0:42:18.000 So what EYL would do is say, yo, we'll take 0:42:19.040 --> 0:42:23.080 and stearated Matt having twenty percent, will take five percent 0:42:23.719 --> 0:42:27.720 of our position from Matt and added to David Shans 0:42:28.680 --> 0:42:31.120 And so now David Shan's will go from maybe ten 0:42:31.200 --> 0:42:34.680 percent to fifteen percent, and Matt will go from twenty 0:42:34.719 --> 0:42:37.480 percent to fifteen percent. And so that's what they're do 0:42:37.560 --> 0:42:42.600 in ETF. They if one company isn't performing as they expected, 0:42:43.160 --> 0:42:45.919 they'll take position from that company and add it into 0:42:46.640 --> 0:42:49.960 another company inside of the ETF so the ETF can 0:42:50.080 --> 0:42:53.520 keep performing well. If one per company is just not 0:42:53.640 --> 0:42:57.279 performing at all, then that fund manager will take that 0:42:57.400 --> 0:43:01.120 company out and replace it with someone one else. That 0:43:01.239 --> 0:43:03.839 makes sense to everybody, absolutely and real quick. 0:43:03.880 --> 0:43:06.239 So some people are asking where they could find ETFs 0:43:06.600 --> 0:43:10.279 and so etfdb dot com is a great it'll show 0:43:10.320 --> 0:43:12.960 you exactly what trap is talking about inside of the 0:43:13.000 --> 0:43:15.799 ETF And another thing that people don't realize is the 0:43:15.880 --> 0:43:18.719 number of sectors. So there's eleven sectors on the market, 0:43:18.800 --> 0:43:20.640 and so I'm going to run through them because people 0:43:20.719 --> 0:43:22.960 always like we talk about technology a lot, because yeah, 0:43:23.000 --> 0:43:24.440 we invest in technology companies. 0:43:24.560 --> 0:43:25.600 So energy is. 0:43:25.560 --> 0:43:32.560 A sector, Materials is a sector, Industrials, consumer discretionary, consumer staples, healthcare, financials, 0:43:32.880 --> 0:43:37.920 information technology, telecommunication services, utilities, and real estate. Those are 0:43:37.960 --> 0:43:40.480 the eleven sectors of the market. And so if you're 0:43:40.520 --> 0:43:43.160 familiar with the things you're investing in now, or if 0:43:43.200 --> 0:43:45.640 you're trying to get invested in again, we always say, 0:43:45.680 --> 0:43:47.640 we'll start looking around you where your money going. 0:43:47.680 --> 0:43:47.960 Now. 0:43:48.480 --> 0:43:50.760 Your money might be going to one of those eleven 0:43:50.960 --> 0:43:52.880 It definitely is going to one of those elevens. So 0:43:53.520 --> 0:43:57.120 get familiar with them, and etfdb is a great resource 0:43:57.200 --> 0:44:00.560 to find exactly what they're holding in the allocation percentages 0:44:00.600 --> 0:44:01.480 and how they perform. 0:44:01.600 --> 0:44:02.880 Yeah, shout out, shout out to. 0:44:02.920 --> 0:44:03.800 That, shout out to that. 0:44:03.960 --> 0:44:11.319 You know, we love that right now, they said, they 0:44:11.360 --> 0:44:12.760 can feel an mg ran coming. 0:44:12.840 --> 0:44:15.080 No, no, this that's our brother, man, that's our brother. 0:44:16.600 --> 0:44:19.000 While y'all talking, I'm like that, I meant no harm 0:44:20.160 --> 0:44:23.160 I love I love you. I love you man. 0:44:25.080 --> 0:44:26.240 That's to go. 0:44:27.040 --> 0:44:29.680 That's and you know another way, honestly, just like to 0:44:29.760 --> 0:44:32.040 be completely honest about it, if you really want to 0:44:32.080 --> 0:44:34.879 just be really lazy about it, you can google top 0:44:34.920 --> 0:44:36.840 performing ETFs in the space. So like, even if he 0:44:36.960 --> 0:44:39.799 was looking like biotech, like you know iv B, Like 0:44:39.880 --> 0:44:44.239 you know, I'm invested in ib B, and I heard 0:44:44.239 --> 0:44:46.759 about ib B before. But let's say I didn't know 0:44:46.800 --> 0:44:50.400 about ib B. I know that you know the coronavirus. 0:44:50.440 --> 0:44:52.440 Bio Biotech is a big thing. We talked about it 0:44:52.440 --> 0:44:54.919 on Market Mondays before. No matter how you feel about 0:44:54.960 --> 0:44:58.080 the vaccine or whatever, it's an industry and biotech is 0:44:58.080 --> 0:44:59.520 here to stay, and it's only you know, go and 0:44:59.600 --> 0:45:02.080 get bigger and bigger. It looks like, so you might 0:45:02.120 --> 0:45:05.680 be invested in investing in a biotech stock, but it 0:45:05.760 --> 0:45:08.520 might be risky to invest in just one biotech company 0:45:08.760 --> 0:45:11.359 that you might not know too much about. So now 0:45:11.400 --> 0:45:13.799 the ETF is kind of like, you know, a way 0:45:13.840 --> 0:45:17.520 to mitigate that risk. Because you're not investing in one company, 0:45:17.640 --> 0:45:20.560 investing in twenty companies or twenty five companies. Have a 0:45:20.560 --> 0:45:23.520 many companies is actually in the ETF. So I always 0:45:23.520 --> 0:45:26.000 tell people that that and index funds, we can talk 0:45:26.000 --> 0:45:29.680 about index funds as well. Is the easiest route because 0:45:29.960 --> 0:45:33.000 that's the hurdle that people have when they get it's 0:45:33.040 --> 0:45:35.839 like which stock to buy and when to buy it, 0:45:35.920 --> 0:45:39.040 and then it kind of becomes like, you know, double dutch, 0:45:39.080 --> 0:45:40.239 like you don't know when to get in when to 0:45:40.280 --> 0:45:40.640 get out. 0:45:41.080 --> 0:45:42.680 I'm just randomly just gonna buy. 0:45:42.600 --> 0:45:47.400 Tesla because Elon Musk just tweets about doge coin something 0:45:47.440 --> 0:45:49.920 like that, Like you know what I'm saying. So ETF 0:45:50.160 --> 0:45:53.360 is a good way to ease your way into the 0:45:53.400 --> 0:45:56.960 stock market. And then another strategy that we use with 0:45:56.960 --> 0:46:00.279 ets is to cherry pick like the top of foring. 0:46:00.360 --> 0:46:04.279 So like the XLK, you want to talk about that 0:46:04.320 --> 0:46:05.520 strategy a little bit trap? 0:46:07.680 --> 0:46:10.600 Are we talking about just picking companies from well. 0:46:10.520 --> 0:46:12.200 Like so what we do sometime with the xl so 0:46:12.280 --> 0:46:15.440 like XLK when they have like twenty different stocks inside 0:46:15.480 --> 0:46:18.080 of it, but their top two holdings, Yeah yeah, yeah, 0:46:18.400 --> 0:46:21.760 Apple and Microsoft, Right, so you know, like me personally. 0:46:21.840 --> 0:46:24.879 Me personally, I'm invested in XLK and I'm invested in. 0:46:24.840 --> 0:46:26.920 Apple, So my Apple. 0:46:27.080 --> 0:46:30.960 If Apple does one hundred percent, XLK might do twenty percent, 0:46:31.040 --> 0:46:34.160 right because Apple only makes up like ten percent of 0:46:34.160 --> 0:46:39.360 the portfolio. But if Apple's underperforming, XLK could potentially do 0:46:39.440 --> 0:46:40.160 better than Apple. 0:46:40.200 --> 0:46:41.040 So it's a hedge. 0:46:41.320 --> 0:46:43.960 So now instead of putting all my eggs in one basket, 0:46:44.040 --> 0:46:47.040 like all my eggs with just Apple, I have Apple 0:46:47.480 --> 0:46:50.880 and I have XLK, so I'm hedged. So if Apple, 0:46:51.000 --> 0:46:54.160 if Apple underperforms, I got the all star team, which 0:46:54.200 --> 0:46:58.200 is the ETF. But if Apple goes crazy, then it's 0:46:58.239 --> 0:47:00.960 gonna go Yeah exactly. 0:47:00.840 --> 0:47:02.759 And that you know, you know what you can do, 0:47:02.880 --> 0:47:04.920 And I'm glad you said that. It was like before 0:47:04.960 --> 0:47:06.960 I knew of et F d B. That's the first 0:47:07.000 --> 0:47:08.960 thing I did. I looked at the companies that I 0:47:09.040 --> 0:47:11.719 was spending money with and I typed in ETF, so 0:47:11.760 --> 0:47:14.879 I literally put Amazon ETF and I saw which ones 0:47:14.920 --> 0:47:17.280 were performing best, and I said, oh, wait, this spider 0:47:17.320 --> 0:47:19.880 one is performing Okay, let's move that route. And so 0:47:19.920 --> 0:47:22.399 when you see again he's invested in Apple. We both 0:47:22.400 --> 0:47:26.000 invested in Apple and x okay, but another one, right XL. 0:47:26.080 --> 0:47:30.839 Why I had twenty three percent Amazon allocation? I think 0:47:30.920 --> 0:47:33.920 Amazon's not going anywhere, right, there's a reason why we're 0:47:34.000 --> 0:47:35.560 using it. There's a reason why they're the number two 0:47:35.560 --> 0:47:38.319 e commerce business in the world. We believed in it, 0:47:38.400 --> 0:47:40.960 all right, Well we're gonna play the singular position and 0:47:41.000 --> 0:47:43.040 we're gonna have the ETF just for the balance. 0:47:43.160 --> 0:47:46.920 Yeah, that's and that's always great. And I think Rasha 0:47:47.120 --> 0:47:50.200 talked about it too, like knowing when to get in 0:47:50.280 --> 0:47:52.600 and when to get out. So for me, when I'm 0:47:52.800 --> 0:47:56.160 thinking ETFs, when I buy ets and I the class 0:47:56.200 --> 0:47:59.120 on it in my group. Uh so for me, what 0:47:59.200 --> 0:48:01.920 I like to do with you're gonna buy ETFs. So 0:48:02.160 --> 0:48:05.840 I personally am not a fan of dollar cost averaging, 0:48:06.160 --> 0:48:09.600 That's just me. But when it comes to ETFs, I 0:48:09.640 --> 0:48:13.120 think that is a great way to That is one 0:48:13.120 --> 0:48:17.040 of the ways I do agree with you dollar cost 0:48:17.080 --> 0:48:19.560 averaging and with dollar cost averaging is simply saying that 0:48:19.600 --> 0:48:23.560 yours taking every month at you're buying a certain amount 0:48:23.600 --> 0:48:27.440 of shares in the business no matter what. And so 0:48:27.520 --> 0:48:29.359 what I like about that. The only thing I will 0:48:29.400 --> 0:48:31.400 say is you never want to buy ETF at the 0:48:31.440 --> 0:48:33.799 fifty two week hide. Right, you never want to buy 0:48:33.840 --> 0:48:35.960 anything at a fifty two week high, and a fifty 0:48:36.000 --> 0:48:38.080 two week high is saying this is the highest this 0:48:38.120 --> 0:48:41.560 stock has been over the last fifty two weeks. Right, 0:48:41.760 --> 0:48:43.600 So fifty two high. Any time you hear that this 0:48:43.680 --> 0:48:47.160 company just hit a fifty two week high, all time high. Right, 0:48:47.239 --> 0:48:50.720 you never want to buy a company at its fifty 0:48:50.760 --> 0:48:54.440 two week high. Always let it come back down a 0:48:54.480 --> 0:48:57.239 little bit, Let it get a little pressure off of it. 0:48:57.560 --> 0:49:00.400 Let some people sell a little bit, and then we 0:49:00.440 --> 0:49:04.160 buy a little move. Let me say this, And this 0:49:04.239 --> 0:49:06.759 is something even we got into this, we didn't talk 0:49:06.800 --> 0:49:13.239 about this, how stock prices actually moves. I think that's 0:49:13.239 --> 0:49:15.960 something before we get into, before we get in, I mean, 0:49:16.000 --> 0:49:18.799 we got into it already, but let's talk about how 0:49:19.000 --> 0:49:24.359 stock prices actually moves. Right, So what happens is this? 0:49:25.320 --> 0:49:29.759 I want you all to know this, We personally do 0:49:30.000 --> 0:49:36.359 not move stock prices. We won't have enough money yet. Right. 0:49:37.160 --> 0:49:41.000 It takes millions and billions of dollars to move a 0:49:41.080 --> 0:49:46.440 stock price fifty cents, Right, So what happens is this? 0:49:47.440 --> 0:49:49.719 These huge investors. So that's one of the things I 0:49:49.840 --> 0:49:52.799 study a lot. I study. They call them whales, they 0:49:52.840 --> 0:49:56.480 call them, you know, elephants, and it's just saying, these 0:49:56.480 --> 0:49:59.520 are people who buy five hundred thousand or more shares 0:49:59.560 --> 0:50:02.359 at a time. This is how we this is how 0:50:02.440 --> 0:50:03.640 stock prices moved. 0:50:04.200 --> 0:50:04.319 Right. 0:50:04.440 --> 0:50:07.760 I don't care if everybody on Instagram retail investors started 0:50:07.800 --> 0:50:11.359 buying one stock, that's not gonna move it. But if 0:50:11.400 --> 0:50:14.560 a bunch of hedge funds get redded, did not do it, 0:50:14.600 --> 0:50:16.480 and let's clear that up. They did not do it, 0:50:16.760 --> 0:50:18.759 and it came out showing that they didn't do it. 0:50:19.160 --> 0:50:20.920 There was a lot of money behind that, So I 0:50:20.920 --> 0:50:23.480 don't want you to think that they did that. Actually 0:50:23.480 --> 0:50:25.759 came out on c CNBC and found out that there 0:50:25.840 --> 0:50:29.040 was a lot of hedge funds behind that. So what 0:50:29.200 --> 0:50:35.680 happens is this. It takes a lot of big institutions. 0:50:35.719 --> 0:50:39.600 So when we talk about institutions, we talking insurance companies, 0:50:39.600 --> 0:50:46.800 were talking banks, we're talking hedge funds, we're talking pension funds. 0:50:46.920 --> 0:50:50.600 All of these people are the wheals. These are people 0:50:50.640 --> 0:50:54.560 buying a whole bunch of shares at one time, moving 0:50:54.640 --> 0:50:58.480 stock price. So we'll go back again. So let's say 0:50:58.520 --> 0:51:00.960 this now we're not going to talk earn your leisure. 0:51:01.360 --> 0:51:06.719 We're gonna talk Rashaw, Rasha, Troy, myself, Matt and every 0:51:06.840 --> 0:51:11.279 Let's say our circle we all billionaires, right, and so 0:51:13.440 --> 0:51:18.200 Troy says, man, I'm about to buy this EYL stock 0:51:18.440 --> 0:51:21.520 because even because he owned the company, he can still 0:51:21.560 --> 0:51:24.960 buy shares of it. Right. So Troy says, man, I'm 0:51:25.000 --> 0:51:28.040 about to go buy five million dollars at EYL stock. 0:51:28.640 --> 0:51:31.200 Rasha goes by five million dollars at e raj A 0:51:31.480 --> 0:51:34.920 L stock. I go buy five million dollars at EYL stock. 0:51:35.239 --> 0:51:38.279 Matt go buys five million dollars at EYL stock. What 0:51:38.320 --> 0:51:40.320 do you think is going to happen to EYL stock 0:51:41.440 --> 0:51:41.920 going up? 0:51:42.360 --> 0:51:43.480 Way up, going up? 0:51:44.360 --> 0:51:48.040 So now what happens is as it goes up, now 0:51:48.200 --> 0:51:52.239 the retail investors start saying, yo, that's going up. I'm 0:51:52.239 --> 0:51:55.640 about to buy some too. So now the retail investors 0:51:55.680 --> 0:51:58.160 buy it. They getting in. But you're not moving the 0:51:58.200 --> 0:52:01.120 star price up like you think. Now Mad has bought 0:52:01.120 --> 0:52:04.880 five million shells, David Shan's bought five mill Everybody in 0:52:05.000 --> 0:52:07.600 our circle now bought five to ten million shares. The 0:52:07.600 --> 0:52:11.799 stock price goes up. Once the stock price goes up 0:52:11.840 --> 0:52:13.880 for a certain amount of time. Troy says, you know 0:52:13.960 --> 0:52:17.319 what I'm about to sell. I'm about to sell my 0:52:17.400 --> 0:52:20.719 five million shells because now his five million shares has 0:52:20.760 --> 0:52:24.000 turned to fifteen million dollars. It's time for him to 0:52:24.040 --> 0:52:26.120 now take this profit and go about his day until 0:52:26.120 --> 0:52:28.480 he finds something else to do. So Troy takes his 0:52:28.560 --> 0:52:32.000 five million. So when Troy takes his five million, Rashad said, 0:52:32.000 --> 0:52:35.279 you know what, I'm taking my five million. Two everybody 0:52:35.280 --> 0:52:38.520 takes their five million out. Now what happens to the stock? 0:52:40.200 --> 0:52:46.680 Stock price comes down. What happens now is the retail investor, 0:52:46.760 --> 0:52:49.200 if you bought in at the fifty two week high, 0:52:50.080 --> 0:52:53.640 you're now stuck holding that bag because you now need 0:52:53.840 --> 0:52:58.279 reshored Rashad Troy Matt trap, you need us to get 0:52:58.320 --> 0:53:01.080 back in it for that stock to go back up 0:53:01.120 --> 0:53:03.680 like that. Right, So this is one of the ways 0:53:03.680 --> 0:53:05.839 I'm saying, like, we're not buying that fifty two week 0:53:05.920 --> 0:53:11.320 highs and we're not following trends. We're buying great businesses 0:53:11.360 --> 0:53:13.680 at good prices. And if you aren't able to do 0:53:13.800 --> 0:53:17.440 that yet, then ETFs are a great way for you 0:53:17.520 --> 0:53:21.680 to get in that ETFs are index fund Does that 0:53:21.760 --> 0:53:24.200 makes sense? To everybody, we were trapping right now, let 0:53:24.239 --> 0:53:25.200 me know we trapping. 0:53:24.960 --> 0:53:28.000 Y'all were trapping or were trapping the piracs. 0:53:29.880 --> 0:53:31.920 I want to go to question but before before we 0:53:31.920 --> 0:53:37.160 go to questions, can you just talk about index funds? 0:53:38.560 --> 0:53:40.200 A yeah, we can definitely talk about that. 0:53:40.239 --> 0:53:43.000 So and just saw some people say where can I 0:53:43.040 --> 0:53:46.480 get et Everything that we mentioned here today is when 0:53:46.520 --> 0:53:48.880 when the first thing that that traps spoke about was 0:53:48.920 --> 0:53:52.440 the brokerage account. So when you set up your brokerage account, 0:53:52.440 --> 0:53:56.360 whether it's with TD or whether it's with Fidelity or Robinhood, 0:53:56.360 --> 0:53:58.640 wherever you touch your brokerage account up, all of these 0:53:58.680 --> 0:54:02.680 places are you can You can buy etf you can 0:54:02.719 --> 0:54:06.719 buy stock, you can buy a lot of mutual funds, 0:54:08.239 --> 0:54:10.160 and you can buy index funds as well. So you 0:54:10.200 --> 0:54:15.200 can do it all for most reputable brokerage accounts. You 0:54:15.239 --> 0:54:18.560 can do all at the same same place for sure. 0:54:19.960 --> 0:54:24.120 So, uh, index funds. So let's talk about that, right. 0:54:24.239 --> 0:54:27.640 So index funds come in a lot of ways, so 0:54:27.840 --> 0:54:32.960 but most notably thank you beautiful, I love you so much. 0:54:33.560 --> 0:54:37.840 It's my daughter, y'all. So, uh, index funds. So you 0:54:37.880 --> 0:54:40.280 think about the S and P five hundred, that's an index. 0:54:41.040 --> 0:54:45.440 Think about the Russell two thousand. That's an index. Think 0:54:45.520 --> 0:54:49.720 about the QQQ, the NASTAC, that's an index. You think 0:54:49.760 --> 0:54:54.080 about the Dow Jones. These are indexes, right, So an 0:54:54.080 --> 0:55:00.759 index fund typically performs the same way as the index does. 0:55:01.320 --> 0:55:04.920 It mocks that. So if the SMP is up five percent, 0:55:05.560 --> 0:55:09.479 then the SPY or the VO which are two, they're 0:55:09.600 --> 0:55:14.440 up five percent. If the nashtag is up five percent, 0:55:14.760 --> 0:55:17.400 then that index fund will be up five percent. But 0:55:17.400 --> 0:55:21.080 here's a dupe point. Index funds can also get into 0:55:21.920 --> 0:55:26.200 like you can get large cap indexes, small cap indexes, 0:55:26.840 --> 0:55:29.640 medium cap indexes. So what that is is so now 0:55:29.719 --> 0:55:35.719 what happens is you have mega caps, which is anything 0:55:35.760 --> 0:55:39.160 that is two hundred billion are better, well more than 0:55:39.200 --> 0:55:42.080 one hundred billion are better. So any stocks that are 0:55:42.080 --> 0:55:45.240 worth one hundred billion or more, You're Johnson and Johnson's 0:55:45.640 --> 0:55:51.279 your Apple, these are mega cap stocks. And then you 0:55:51.360 --> 0:55:53.880 have your large caps, so these are stocks that are 0:55:53.960 --> 0:55:58.480 up to one hundred billion, right, so these are large caps. 0:55:59.000 --> 0:56:01.640 So what happens is you can get an index fund 0:56:01.760 --> 0:56:04.080 with large cap stocks in it, so it would just 0:56:04.239 --> 0:56:08.960 be all stocks worth one hundred billion or more. You 0:56:09.000 --> 0:56:12.800 can get a megacap index fund. It'll be just stocks 0:56:12.920 --> 0:56:17.439 worth one hundred billion in that one hundred billion or more. 0:56:17.480 --> 0:56:20.120 And the reason why those are index funds as well 0:56:20.880 --> 0:56:24.319 is because it is just these stocks in this and 0:56:24.360 --> 0:56:27.040 they're only going to attract how these index is doing, 0:56:27.320 --> 0:56:30.200 how these one hundred companies, how these hundred billion dollar 0:56:30.280 --> 0:56:33.160 companies are doing, How these two hundred billion dollar companies 0:56:33.200 --> 0:56:36.239 are doing so index funds. Now, the thing about the 0:56:36.320 --> 0:56:40.880 index compared to the ETF is this, in the index, 0:56:41.280 --> 0:56:45.879 you can have companies from every sector in l That's 0:56:45.920 --> 0:56:50.319 the difference an index fund I can have. It'll have 0:56:50.440 --> 0:56:53.960 tech stocks, it'll have a consul, it'll have somebody from 0:56:54.000 --> 0:57:00.400 all eleven sectors inside of that index. Right right. So 0:57:00.400 --> 0:57:03.160 somebody say, wouldn't a large cap index be more expensive? 0:57:03.200 --> 0:57:06.319 Not at all? How much the stock? Oh this is 0:57:06.320 --> 0:57:09.000 a great, great, great, great great. I'm glad you said that. 0:57:11.040 --> 0:57:14.200 The price of the stocks have nothing to do with 0:57:14.280 --> 0:57:19.880 the price of the index of the ETF. The price 0:57:19.920 --> 0:57:24.520 of the stock has nothing to do with the price 0:57:25.200 --> 0:57:28.840 of the index of the ETF. Apple stock may be 0:57:29.240 --> 0:57:33.560 that thing may have Apple, Amazon, Microsoft, Google. If we 0:57:33.720 --> 0:57:37.000 bought them individually, that can easily be a four thousand 0:57:37.040 --> 0:57:40.880 dollars five thousand dollars. Et up an index, that same 0:57:40.920 --> 0:57:43.320 index or all those companies in it, can cost you 0:57:43.400 --> 0:57:48.080 fifty dollars, ninety two dollars, one hundred dollars, one hundred 0:57:48.120 --> 0:57:50.720 and forty dollars. So the price of the index has 0:57:50.800 --> 0:57:52.920 nothing to do the price of the stocks inside of 0:57:52.920 --> 0:57:54.760 the index have nothing to do with the price of 0:57:54.760 --> 0:57:55.280 the index. 0:57:55.440 --> 0:57:59.720 So there you have it. So what I want to 0:57:59.720 --> 0:58:02.280 do is go to questions if we can, so, let 0:58:02.280 --> 0:58:07.360 me just reset the room real quick, so anybody that 0:58:07.360 --> 0:58:10.760 has joined after we originally started, so we're what we're 0:58:10.800 --> 0:58:14.600 doing here is what's called open enrollment. Once a month, 0:58:15.160 --> 0:58:18.840 we have an open enrollment, So EYL University, that's our 0:58:18.880 --> 0:58:22.600 private education arm to earn your leisure. Earn your leisure 0:58:23.280 --> 0:58:27.000 is the podcast is, our YouTube channels, our Instagram, all 0:58:27.040 --> 0:58:30.200 of that stuff every single day for free, free information. 0:58:30.920 --> 0:58:33.320 But some people need a little bit more guidance and 0:58:33.760 --> 0:58:38.040 more importantly, a community. So we created eyl University, which 0:58:38.080 --> 0:58:41.400 is quickly becoming the fastest growing online educational platform in 0:58:41.440 --> 0:58:43.880 the world. Eight thousand members. Shout out to all the 0:58:43.880 --> 0:58:46.440 earners out there, and when we do at EYL University. 0:58:46.440 --> 0:58:50.880 We do weekly classes, so this is like in an 0:58:50.880 --> 0:58:53.080 insight look into like a weekly class. We do this 0:58:53.120 --> 0:58:56.480 every Wednesday at eight o'clock. And what makes this different? 0:58:56.480 --> 0:58:58.040 A lot of time people say, like, what's different from 0:58:58.080 --> 0:59:00.000 this in the YouTube? What's different from this in the podcast. 0:59:00.800 --> 0:59:03.320 One of the main differences is that it's interactive, So 0:59:03.360 --> 0:59:05.280 we're about to go into the zoom where you don't 0:59:05.360 --> 0:59:07.440 you know, you might watch something on YouTube, you don't 0:59:07.440 --> 0:59:09.480 get a chance to actually interact with the people that 0:59:09.520 --> 0:59:12.280 are actually on the podcast. So this is part of it. 0:59:12.480 --> 0:59:15.720 Another thing is that it's a community. So yesterday we 0:59:15.760 --> 0:59:17.840 had an event, a private event in la only for 0:59:17.920 --> 0:59:21.520 Eyo University members and we had my bro nineteen Keys, 0:59:21.600 --> 0:59:25.520 was Dead, Mike Rashid, Alex, Good Energy, Him, five hundred, 0:59:25.920 --> 0:59:28.880 Miss Business, Shiggy a Tear Blair, they were all there, 0:59:29.240 --> 0:59:31.720 what about one hundred earners and it was a private 0:59:31.800 --> 0:59:32.760 it was a private event. 0:59:33.040 --> 0:59:34.040 We are going to do that. 0:59:35.640 --> 0:59:37.880 This episode is brought to you by P and C Bank. 0:59:38.280 --> 0:59:41.040 A lot of people think podcasts about work are boring, 0:59:41.240 --> 0:59:45.120 and sure they definitely can be, but understanding of professionals 0:59:45.160 --> 0:59:48.440 routine shows us how they achieve their success. Little by little, 0:59:48.800 --> 0:59:52.480 day after day. 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Odds are they're using Square. We 1:00:33.240 --> 1:00:35.800 love supporting businesses that run on Square because it just 1:00:35.800 --> 1:00:39.040 feels seamless. Whether it's a local coffee shop, a vendor 1:00:39.080 --> 1:00:41.360 at a pop up market, or even one of our 1:00:41.400 --> 1:00:45.080 merch partners. Square makes it easy for them to take payments, 1:00:45.280 --> 1:00:48.960 manage inventory, and run their business with confidence, all from 1:00:49.120 --> 1:00:52.520 one simple system. If you're a business owner or even 1:00:52.600 --> 1:00:56.120 just thinking about launching something soon, Square is hands down 1:00:56.160 --> 1:00:59.240 one of the best tools out there to help you start, run, 1:00:59.400 --> 1:01:02.760 and grow. It's not just about payments. It's about giving 1:01:02.760 --> 1:01:05.440 you time back so you can focus on what matters 1:01:05.480 --> 1:01:08.760 most Ready to see how Square can transform your business, 1:01:09.000 --> 1:01:13.640 visit Square dot com backslash go backslash eyl to learn 1:01:13.680 --> 1:01:18.880 more that Square dot com backslash, go backslash eyl. Don't wait, 1:01:19.160 --> 1:01:22.000 don't hesitate. Let's Square handle the back end so you 1:01:22.000 --> 1:01:23.640 can keep pushing your vision forward. 1:01:25.880 --> 1:01:29.560 An illegal alien from Guatemala charged with raping a child 1:01:29.600 --> 1:01:33.400 in Massachusetts. An MS thirteen gang member from Al Salvador 1:01:33.640 --> 1:01:37.760 accused of murdering a Texas. Man of Venezuelan charged with 1:01:37.840 --> 1:01:41.720 filming and selling child pornography in Michigan. These are just 1:01:41.840 --> 1:01:45.600 some of the heinous migrant criminals caught because of President 1:01:45.640 --> 1:01:49.160 Donald J. Trump's leadership. I'm Christy Nohm, the United States 1:01:49.240 --> 1:01:54.000 Secretary of Homeland Security. Under President Trump, attempted illegal border 1:01:54.040 --> 1:01:57.600 crossings are at the lowest levels ever recorded, and over 1:01:57.680 --> 1:02:00.880 one hundred thousand illegal aliens have been arrested. If you 1:02:00.960 --> 1:02:04.800 were here illegally, your next you will be fine nearly 1:02:04.880 --> 1:02:08.919 one thousand dollars a day. Imprisoned and deported, you will 1:02:08.960 --> 1:02:12.600 never return. But if you register using our CBP home 1:02:12.640 --> 1:02:16.000 app and leave now. You could be allowed to return legally, 1:02:16.400 --> 1:02:21.160 do what's right. Leave now under President Trump America's laws, 1:02:21.280 --> 1:02:23.240 border and families will. 1:02:23.120 --> 1:02:25.560 Be protected sponsored by the United States Department of Homeland 1:02:25.600 --> 1:02:30.200 Security in Atlanta and hopefully in New York too, as 1:02:30.200 --> 1:02:31.680 long as we can get that off. 1:02:31.720 --> 1:02:34.440 But if not New York, then probably Jersey. But Atlanta's 1:02:34.440 --> 1:02:37.360 definitely coming soon. So that's the community feel. But we 1:02:37.480 --> 1:02:40.160 also have mg DE Mortgage guid does buy weekly real 1:02:40.240 --> 1:02:43.640 estate calls. Once again at Zoom, I do monthly financial 1:02:43.640 --> 1:02:46.560 planning calls. That's the only way I'm actually speaking about 1:02:46.600 --> 1:02:50.800 my financial planning business these days. That and then we 1:02:50.840 --> 1:02:54.080 also have mg DE Mortgage Guys home Buyers Blueprint included 1:02:54.560 --> 1:02:58.000 inside the package, So that's over fifteen hours of home 1:02:58.040 --> 1:03:00.280 buying every single thing you need to know. We have 1:03:00.280 --> 1:03:03.200 a Facebook group with six thousand members in a Facebook group, 1:03:03.560 --> 1:03:06.040 and to me, the best part about the whole situation 1:03:06.200 --> 1:03:09.640 is that there's twenty infinity groups, so people get to 1:03:09.720 --> 1:03:11.960 network with each other. So a lot of time people say, like, 1:03:12.280 --> 1:03:14.680 I don't have like minded friends, I don't have friends 1:03:15.000 --> 1:03:17.000 that talk about this stuff, because that's really how you 1:03:17.080 --> 1:03:19.840 really grow is the circle that you're around. So there's 1:03:19.880 --> 1:03:22.400 twenty infinity groups, there's a fifty and over club, there's 1:03:22.440 --> 1:03:24.960 a crypto club. I think there's even an NFT club 1:03:25.000 --> 1:03:28.120 at this point. There's a stock club, real estate club. 1:03:28.560 --> 1:03:32.440 And this is done with the community members networking and 1:03:32.480 --> 1:03:35.440 building on their own It's value. You can't place a 1:03:35.560 --> 1:03:39.280 value on that. And we're constantly adding. We have our 1:03:39.320 --> 1:03:43.440 group chat, call me Troy, our boy Francis. We go 1:03:43.520 --> 1:03:47.480 over our personal portfolios, go over stock charts once a month. 1:03:47.960 --> 1:03:50.600 So there's so many different resources that we have with that. 1:03:51.480 --> 1:03:54.080 So this, once again, this is like a preview of that. 1:03:54.120 --> 1:03:57.040 If you are interested, we've pinned the link sixty five 1:03:57.080 --> 1:03:59.000 percent off of the price that will be changing. It'll 1:03:59.000 --> 1:04:02.000 still be discounting, but it's going from sixty five percent 1:04:02.040 --> 1:04:04.200 off to fifty percent off. So you can do the 1:04:04.200 --> 1:04:07.919 math on that. But it's a forty eight hours until 1:04:07.920 --> 1:04:09.920 we change to fifty percent off. 1:04:10.000 --> 1:04:12.600 Yeah, and I know there's a few people that are wondering, well, 1:04:12.600 --> 1:04:15.280 I be behind when I get it inside the eyl University. No, 1:04:15.360 --> 1:04:18.040 you won't be behind. Everything we've done for the past 1:04:18.400 --> 1:04:22.280 or how many months, almost two years, take months. It's 1:04:22.320 --> 1:04:25.640 been every video that we've ever done. When it was 1:04:25.680 --> 1:04:28.240 just me and shot doing classes and to now we 1:04:28.280 --> 1:04:31.600 have a list of professors doing classes. It's all there, 1:04:31.720 --> 1:04:35.600 and we have none other than eyl Jana who holds orientation. 1:04:35.760 --> 1:04:37.320 So if you're new to it and you feel like 1:04:37.320 --> 1:04:40.000 you're kind of lost, we have an orientation just like 1:04:40.040 --> 1:04:42.080 any other school would have, like a freshman orientation. 1:04:42.160 --> 1:04:43.840 We have an earnest orientation so you can. 1:04:43.760 --> 1:04:46.280 Get familiar with how to move around the site, how 1:04:46.280 --> 1:04:47.680 to move around the community. 1:04:48.000 --> 1:04:49.600 It's dope. Did you mention the book club? 1:04:49.640 --> 1:04:52.640 Shout out to the book club has become a therapy club. 1:04:53.320 --> 1:04:54.640 Yeah, it's a lot going on. 1:04:57.880 --> 1:04:58.280 School. 1:04:58.320 --> 1:05:01.560 You know, we realized that it's not the institutional school 1:05:01.600 --> 1:05:02.160 that's the problem. 1:05:02.200 --> 1:05:03.080 It's what they're teaching. 1:05:03.520 --> 1:05:05.360 But if you really look at it, school actually has 1:05:05.400 --> 1:05:07.280 a lot of good things as far as the community. 1:05:07.680 --> 1:05:11.840 They have like mascots, they keep people engaged, but they're 1:05:11.880 --> 1:05:15.560 just teaching nonsense. So we took the same structure that 1:05:15.640 --> 1:05:20.360 a school has for a fraction of the price, and 1:05:21.080 --> 1:05:24.440 we're actually teaching something that's really beneficial. So yeah, we 1:05:24.520 --> 1:05:27.440 pin the link e y L University dot com and 1:05:27.520 --> 1:05:29.560 let's get to some questions if we can, because this 1:05:29.640 --> 1:05:31.640 is this is probably the most beneficial part of the 1:05:31.640 --> 1:05:32.280 whole situation. 1:05:32.960 --> 1:05:35.000 Uh, we got let's go. Let's start down here. Let's 1:05:35.000 --> 1:05:37.840 start down here, Vanessa, We're coming to you. Unmute yourself. 1:05:37.880 --> 1:05:40.760 You've been unmuted. What's going on, Vanessa? 1:05:42.680 --> 1:05:44.240 Hey, y'all, how y'all doing today? 1:05:44.320 --> 1:05:45.480 I hope y'all doing good. 1:05:47.480 --> 1:05:50.520 Actually surprised y'all clicked on me. I was just eating 1:05:50.520 --> 1:05:53.280 a puff right now, So excuse me if I sound 1:05:54.160 --> 1:05:55.840 a little like I'm munching a bit. 1:05:58.120 --> 1:05:58.560 I love it. 1:05:58.720 --> 1:05:59.120 I love it. 1:05:59.160 --> 1:06:04.760 I love it. So I'm just not getting started into, 1:06:05.760 --> 1:06:08.200 you know, investing and stuff. I really want to invest 1:06:08.280 --> 1:06:11.880 in some ETFs. Are there anyones that I would recommend 1:06:11.920 --> 1:06:16.560 for like, like if I want to start investing into 1:06:16.640 --> 1:06:18.240 water commodities? 1:06:19.760 --> 1:06:23.480 Yeah, Actually, funny you say that there is an ETF, 1:06:23.720 --> 1:06:27.480 a water ETF that we spoke about before. P h oh, 1:06:28.560 --> 1:06:33.200 that is that is Investos Water Resource. So we had 1:06:33.240 --> 1:06:37.040 we did an episode on on water on that's a 1:06:37.120 --> 1:06:39.959 really big episode for us. Shoutut to Paula MacArthur. Shout 1:06:39.960 --> 1:06:42.640 out to Paula. And if you look at p h O, 1:06:42.720 --> 1:06:47.960 if you look at their chart, it's extremely impressive. Water 1:06:48.200 --> 1:06:52.439 is something that is probably the most essential part of life, 1:06:52.480 --> 1:06:53.200 water and air. 1:06:53.480 --> 1:06:54.560 You can't live without it. 1:06:55.240 --> 1:07:00.320 And if you watch that episode, you understand that there's 1:07:00.360 --> 1:07:04.560 a shortage of clean drinking water, which has made the 1:07:04.640 --> 1:07:07.800 value of water even go up even more. This is 1:07:07.840 --> 1:07:12.560 why water is being traded on the stock market and 1:07:12.720 --> 1:07:16.880 that ETF is booming. If you look at their five 1:07:16.960 --> 1:07:20.360 year chart, their five year chart is extremely impressive. Investco 1:07:20.760 --> 1:07:25.000 is a very good company. So, yes, that is that 1:07:25.120 --> 1:07:27.160 is a water ETF. I don't know if anybody else 1:07:27.160 --> 1:07:29.480 has any others, but that is definitely it's crazy. 1:07:29.680 --> 1:07:31.480 As you were saying that everybody was putting it in 1:07:31.480 --> 1:07:34.680 the chat, so it means that you know, earners have 1:07:34.760 --> 1:07:38.080 heard the information and now they're replaying and giving the 1:07:38.120 --> 1:07:38.680 information now. 1:07:38.760 --> 1:07:40.240 So that's dope. I love that. I love that. 1:07:41.000 --> 1:07:44.240 Yeah, Yeah, okay, I'm definitely looking to PHO. But when 1:07:44.280 --> 1:07:46.840 it comes to breaking down at ETF and like starting 1:07:46.880 --> 1:07:51.760 to kind of do your research on specific companies with 1:07:51.920 --> 1:07:56.760 those that ETF database that y'all just hooked us up with, 1:07:57.480 --> 1:08:00.320 is that something that you would recommend to like look 1:08:00.320 --> 1:08:02.840 at to really do your research on. 1:08:03.840 --> 1:08:05.320 Yeah, I think it's a great starting point. 1:08:05.360 --> 1:08:05.760 For sure. 1:08:06.760 --> 1:08:08.600 I'm doing it right now as I'm talking to you, 1:08:08.720 --> 1:08:10.920 So it'll give you a great space that you can 1:08:11.000 --> 1:08:13.120 look at. But don't stop there. Yeah, you don't stop there. 1:08:13.160 --> 1:08:15.240 It's a great starting point because it's gonna it's gonna 1:08:15.240 --> 1:08:16.760 tell you what's inside of it. It's going to tell 1:08:16.760 --> 1:08:19.559 you how it's performing. It's going to tell you it's exception, 1:08:19.680 --> 1:08:21.920 it's going to tell you the expense ratio, is going 1:08:21.960 --> 1:08:24.360 to tell you a history of the company, and it's 1:08:24.360 --> 1:08:26.680 going to tell you how I perform against other u 1:08:27.080 --> 1:08:30.200 ETFs in its sector. And so that's always valuable information. 1:08:30.240 --> 1:08:32.160 But that's not the end all be all. It's a 1:08:32.160 --> 1:08:34.799 great starting point to get you familiar with what's inside 1:08:34.880 --> 1:08:36.880 of the ETF that you're invested in. 1:08:38.320 --> 1:08:41.960 Okay, all right, I don't want to break guidelines or anything, 1:08:42.040 --> 1:08:45.880 but I appreciate youall's help. Shout out to y'all for real, 1:08:46.040 --> 1:08:49.559 y'all really changing lives out here just with all the best. 1:08:50.600 --> 1:08:52.880 Hey, thank you, And that's a thank you. 1:08:53.040 --> 1:08:56.400 And shout out to the flaming hot Cheetos. 1:08:56.479 --> 1:08:59.920 That's another benefit of Eyo University. You can sit at home, 1:09:00.080 --> 1:09:04.280 eat hot, learn that your own fire. 1:09:04.560 --> 1:09:11.200 M Ma song hot cheeters, what I snack on the. 1:09:14.120 --> 1:09:15.040 Hey? 1:09:15.240 --> 1:09:17.719 All right, Pierre, we're coming to you. Hey, Shout to Paula. 1:09:17.800 --> 1:09:20.400 She's gonna check in. Shout out to Paula. Shout out 1:09:20.439 --> 1:09:23.880 to Paula. Yeah, she's lock there right now. Hold on, Pierre, 1:09:23.920 --> 1:09:26.400 I don't know what's going on now, Perre, We're gonna 1:09:26.400 --> 1:09:27.160 have to pass on you, bro. 1:09:27.200 --> 1:09:29.240 I don't know. I don't know what that message is about. 1:09:29.880 --> 1:09:32.040 Terrence, we coming to you. I mute yourself. You've been unmuted. 1:09:32.080 --> 1:09:32.599 What's going on? 1:09:33.560 --> 1:09:38.559 What's our family gratings? Canes and queens you're doing tonight? 1:09:39.320 --> 1:09:42.920 We're good, we got already already. 1:09:43.040 --> 1:09:43.240 Man. 1:09:43.960 --> 1:09:49.200 Just enjoying this, this networking man and consuming all this 1:09:49.320 --> 1:09:51.400 good knowledge you guys sharing with us. 1:09:51.400 --> 1:09:56.559 Man, greatly appreciate it. Appreciate you. Belove it. Yes, sir, Yes, sir. 1:09:57.280 --> 1:10:00.479 Well, I just wanted to how let war Street and 1:10:00.560 --> 1:10:06.760 ask him how would you go about transferring a ribberhood 1:10:06.800 --> 1:10:10.200 to count to like a td ameritry to count, because 1:10:10.200 --> 1:10:13.160 I got both. But I was considering doing it in 1:10:13.200 --> 1:10:16.320 the past, but I ain't want to do it and 1:10:16.920 --> 1:10:20.040 mess up my portfolio because a lot of people was 1:10:20.080 --> 1:10:23.920 getting locked out when everybody was doing that on the 1:10:23.920 --> 1:10:28.080 fiasco with the game stop and all that, so I 1:10:28.120 --> 1:10:32.519 fell back on it and I just still got all. 1:10:32.400 --> 1:10:34.599 My you know, share as well or not with. 1:10:35.160 --> 1:10:39.120 The ribblehood, but I'm definitely considering switching it up. So 1:10:39.960 --> 1:10:41.639 I just wanted to know your take on that. 1:10:42.400 --> 1:10:44.600 Nah. So what happens is anyone you want to, like, 1:10:44.680 --> 1:10:47.639 you go to TDM Mierror trade. They have an actually 1:10:48.640 --> 1:10:50.839 a breakdown on how you can do it. They actually 1:10:50.840 --> 1:10:55.200 want you to transfer, right, So yeah, there's a and 1:10:55.280 --> 1:10:59.800 everybody has like whether it's TD miror Trede Fidelity choice wise, 1:11:00.960 --> 1:11:02.800 you can call me like, yo I want. I actually 1:11:02.840 --> 1:11:04.599 had to get like ten of my trappers they had 1:11:04.640 --> 1:11:07.640 they wanted to swap over. So you just called them 1:11:07.680 --> 1:11:09.760 and they'll shoot. They'll give you a breakdown on what 1:11:09.880 --> 1:11:13.040 you gotta do. In most cases, I think T the 1:11:13.120 --> 1:11:17.800 miritory they actually cover the feet for switching over. I 1:11:17.800 --> 1:11:20.679 don't know about you'll swab and Fidelity, but I think 1:11:21.160 --> 1:11:25.280 that tmeritory covers the feet, so you can actually do that. 1:11:26.080 --> 1:11:26.760 Yeah, I think it. 1:11:27.280 --> 1:11:29.040 And if it was a feel, I don't think it's 1:11:29.080 --> 1:11:34.280 that much of a fee, so it definitely is something 1:11:34.320 --> 1:11:38.600 I'm considered doing sooner than letters. So I really appreciate that. 1:11:38.920 --> 1:11:41.880 Because they want they want you. Yeah, yeah, they want 1:11:41.880 --> 1:11:44.439 you over there, they want you. I'm not gonna lie man. 1:11:44.600 --> 1:11:49.080 So I actually had opened up a ribberhood uh account, 1:11:49.320 --> 1:11:52.640 but it was just to like show people because it 1:11:52.760 --> 1:11:54.719 was easy to just take a snapshot on my phone. 1:11:55.160 --> 1:11:56.719 I was like, man, I'm not about to do this. Man, 1:11:57.880 --> 1:11:59.960 somebody says a seventy five out of feet yeah for sure, 1:12:00.120 --> 1:12:04.639 like it is, you know, but they have an actual 1:12:04.800 --> 1:12:07.240 they'll walk you through what you gotta do and they'll 1:12:07.280 --> 1:12:10.559 switch it all over. You won't lose nothing, man, Okay, cool? Cool? 1:12:10.880 --> 1:12:12.360 And it was another thing. 1:12:12.840 --> 1:12:14.760 Got now you got? 1:12:14.880 --> 1:12:15.120 I was. 1:12:15.120 --> 1:12:17.160 I was just saying because I heard a few earnest 1:12:17.160 --> 1:12:19.280 telling us that that that if you switched they waved 1:12:19.280 --> 1:12:20.280 the seventy five dollars fees. 1:12:20.320 --> 1:12:21.880 That correct, That's what I'm saying. I didn't think it was. 1:12:22.160 --> 1:12:24.360 I think that's because that's what I remember, Like I 1:12:24.400 --> 1:12:27.240 remember my traper swippinge switching over, and I remember like 1:12:27.280 --> 1:12:29.639 they waved the feed right right. I didn't know who 1:12:29.680 --> 1:12:31.880 exactly was. I told them to your Merritrade for sure, 1:12:31.920 --> 1:12:34.080 cause that's who I started, that's who my that's who 1:12:34.120 --> 1:12:36.760 mine's with. So I remember them waving the feet for 1:12:36.840 --> 1:12:40.400 switching over. That's why I said that in the Awesome 1:12:40.520 --> 1:12:42.320 Awesome the one last thing. 1:12:43.000 --> 1:12:48.280 I do have crypto currency in my portfolio with Robin Hood, 1:12:48.360 --> 1:12:51.879 but you know, TD Ameritrade don't deal with the crypto 1:12:52.200 --> 1:12:56.439 from my understanding, So what would be your your take 1:12:56.560 --> 1:12:57.400 on that far. 1:12:57.320 --> 1:12:59.080 As just going. 1:12:58.840 --> 1:13:02.519 Ahead and lock will date that because I know from 1:13:03.120 --> 1:13:05.200 doing a little research that they were saying that you 1:13:05.680 --> 1:13:10.519 don't technically own your crypto dealing with Robin Hood if 1:13:10.560 --> 1:13:13.519 you're going through purchasing it through the account. 1:13:13.840 --> 1:13:17.880 So he's doing rock with Robin Hood. He having they 1:13:18.080 --> 1:13:21.920 having may be having too many snags game Bro, like 1:13:22.400 --> 1:13:25.040 they did the Master of the Back dud Bro. You know, 1:13:26.240 --> 1:13:42.120 I agree, business like a little listen, New York, New York. 1:13:43.560 --> 1:13:44.280 He's got. 1:13:46.400 --> 1:13:54.559 Bro already, man lots hello, Hello you Bro, Yeah, like 1:13:54.800 --> 1:13:55.479 you want to know? 1:13:55.640 --> 1:13:56.200 So that's all good? 1:13:56.240 --> 1:14:03.960 That's how brother here? What can you do? Shay you well, 1:14:04.000 --> 1:14:07.040 we're coming to you and man you well, we coming 1:14:07.080 --> 1:14:07.200 to you. 1:14:07.360 --> 1:14:07.719 Meet yourself. 1:14:07.720 --> 1:14:12.360 You've been unmuted. Appreciate you guys. I've been watching you guys. 1:14:12.360 --> 1:14:14.080 Every night you came on, try to put on on 1:14:14.160 --> 1:14:14.719 my fan. 1:14:14.640 --> 1:14:18.240 Too, it too, that's dope. Appreciate you well for sure. Trap. 1:14:18.320 --> 1:14:20.240 I paid you some money too. I got your first 1:14:20.240 --> 1:14:24.599 couple of steps off your joint too. I spread money 1:14:24.640 --> 1:14:26.599 out so I got a couple of things. 1:14:27.640 --> 1:14:28.840 I'm a new like this. 1:14:29.520 --> 1:14:31.400 I don't want to braging nothing, but I'm a newly 1:14:31.479 --> 1:14:33.439 found six figure type of dude. 1:14:33.479 --> 1:14:36.200 So I'm trying to figure out well I can. 1:14:36.200 --> 1:14:38.680 Do with my money because they don't do nothing for 1:14:38.800 --> 1:14:42.160 me just sitting there. So I got a lot of 1:14:42.200 --> 1:14:44.439 friends that's been doing a little day trading. My pops 1:14:44.479 --> 1:14:46.439 do some trading, but I don't understand what the hell 1:14:46.479 --> 1:14:49.559 they be talking about. So my question is if I'm 1:14:49.600 --> 1:14:52.640 getting started. I got about five to six grand in 1:14:52.680 --> 1:14:55.479 there already spread out between some bitcoin. 1:14:55.560 --> 1:14:58.360 Some Apple shares, some basic stuff. 1:15:00.040 --> 1:15:01.800 But what I really want to do, I'm listening to 1:15:01.840 --> 1:15:04.120 Ian and I'm gonna listen to you guys. I want 1:15:04.120 --> 1:15:06.519 to structure it so that I can start replacing my 1:15:06.600 --> 1:15:10.519 income with it. What's a good way for me, as 1:15:10.560 --> 1:15:12.760 somebody that doesn't really know too much, A safe way 1:15:12.760 --> 1:15:14.720 for me to get in and how much would it 1:15:14.800 --> 1:15:18.519 cost to start generating some residual like one hundred dollars 1:15:18.600 --> 1:15:19.559 a day type of thing. 1:15:20.920 --> 1:15:22.720 So you got to look for a few things. Right. 1:15:22.760 --> 1:15:24.519 So now you're trying to do that, you want to 1:15:24.520 --> 1:15:26.599 get into trade, and you don't really won't get into 1:15:26.800 --> 1:15:30.479 investing if you're trying to just start generating money asap. Right, 1:15:30.560 --> 1:15:32.320 So one of the things I would do is say, 1:15:32.320 --> 1:15:34.840 and I tell everybody this is like when you heard 1:15:34.840 --> 1:15:36.920 Troy City at the beginning, like Wall Street looks like 1:15:37.000 --> 1:15:40.639 us naw, Right, So there's unlimited things that you can do. 1:15:41.040 --> 1:15:42.920 One of the things what I would say, because you're 1:15:43.000 --> 1:15:45.519 six finer earned, and salute to that and be thankful 1:15:45.560 --> 1:15:48.800 for that. Right, just they one of the things you 1:15:48.840 --> 1:15:51.439 want to start doing is learning the fundamentals so you 1:15:51.479 --> 1:15:54.479 can start having your money work for you first and foremo. Right. 1:15:54.560 --> 1:15:57.320 And because once you learn the fundamentals, Now, while you're 1:15:57.400 --> 1:15:59.360 learning the fundamentals, then you can try to get it. 1:15:59.360 --> 1:16:01.320 Then you can get into a trade. I have no 1:16:01.320 --> 1:16:03.120 problem with people day trading, and I have no problem 1:16:03.160 --> 1:16:05.519 when people get into options. I'm a problem with any 1:16:05.560 --> 1:16:09.800 of that. But I think you should learn the fundamentals 1:16:09.800 --> 1:16:14.519 of buying hole first and then start getting into that 1:16:14.600 --> 1:16:17.280 tradeing thing, and when it comes to generating money, it 1:16:17.360 --> 1:16:20.720 signs solely up to you. Right. Everybody is different. So 1:16:20.920 --> 1:16:24.439 I can tell you some days I've opened my options 1:16:24.439 --> 1:16:27.800 account and I've made sixty thousand dollars right, and some 1:16:28.000 --> 1:16:31.080 days I've opened it up and I've made fourteen hundred 1:16:31.120 --> 1:16:34.280 dollars right. And so it depends on the actually trade 1:16:34.320 --> 1:16:37.880 you're making. It depends on the position you have, else, 1:16:38.000 --> 1:16:40.400 depends on how much you have in there, right, So 1:16:40.520 --> 1:16:43.280 every everything is not a cookie cutter answer. And I 1:16:43.280 --> 1:16:44.800 don't want I don't want to feel like I could 1:16:44.800 --> 1:16:47.840 just give you one answer that'll fit that I will say, 1:16:47.920 --> 1:16:50.760 start with buying hole, start with understanding that you see 1:16:50.800 --> 1:16:53.360 your pastas and trading like while you got your money 1:16:53.400 --> 1:16:55.880 working for you doing that. Let's say you got ten 1:16:56.000 --> 1:16:57.800 to say, you got six thousand dollars, right, that's the 1:16:57.840 --> 1:17:00.120 number you said. Take four thousand of that, put in 1:17:00.240 --> 1:17:02.280 buy and hold, and then take the two thousand and 1:17:02.360 --> 1:17:06.479 learn how to trade with gotcha? And that will help 1:17:06.520 --> 1:17:09.120 you because what happens is you understand that the two 1:17:09.160 --> 1:17:14.280 thousand that's your learning money, right, and take your time 1:17:14.680 --> 1:17:16.960 learn it. Understand as you go I will tell you this, 1:17:17.000 --> 1:17:21.760 when you get into trading, be patient, don't rush, and 1:17:21.920 --> 1:17:25.840 don't take what's there. Don't make it out what you 1:17:25.920 --> 1:17:28.200 wanted to be. Take what's there. One of the things 1:17:28.200 --> 1:17:30.719 that happened with people with his options are they start 1:17:30.800 --> 1:17:32.439 saying this is what I think it's going to be. 1:17:32.479 --> 1:17:34.439 This is now a take what's there and move from 1:17:34.439 --> 1:17:35.800 the front. Yeah. 1:17:35.840 --> 1:17:38.719 I learned that with the Dulge coin over the last 1:17:40.280 --> 1:17:43.040 I bought that thirty five and then the club. 1:17:43.120 --> 1:17:45.200 I know, I know, I know. 1:17:45.320 --> 1:17:48.160 I had a homeboy that invested in a November twentieth 1:17:48.640 --> 1:17:51.599 and he bought it a million dollars one point one 1:17:51.640 --> 1:17:55.559 million tokens for four thousand dollars. He sold it two 1:17:55.600 --> 1:17:58.000 weeks later because he had lost like five hundred in it, 1:17:58.040 --> 1:18:01.439 so he missed out on like three hundred grand. So 1:18:01.520 --> 1:18:03.960 I know how important that money is. And like I said, 1:18:04.000 --> 1:18:06.400 that four grand that I had just had playing around 1:18:06.400 --> 1:18:09.000 where I could have made a move like that. So 1:18:09.400 --> 1:18:12.280 is there anything that you could suggest as like a 1:18:12.320 --> 1:18:15.280 basic read or like a basic knowledge point I should 1:18:15.280 --> 1:18:17.559 go to that would enhance my knowledge on that and 1:18:17.600 --> 1:18:21.000 give me like a good foundation on what on trading 1:18:21.280 --> 1:18:24.920 or on investment on both like like what you were 1:18:24.960 --> 1:18:28.080 talking about? What as far as like I know people 1:18:28.080 --> 1:18:29.960 say you got to be able to recharge, you got. 1:18:29.800 --> 1:18:31.599 To know when to get in and get out. 1:18:32.040 --> 1:18:34.840 Is there like a basic structure you could kind of 1:18:34.920 --> 1:18:36.880 watch for that or something you could do to kind 1:18:36.880 --> 1:18:37.519 of mimic that. 1:18:38.560 --> 1:18:42.920 Yep, to you hear the hang of two things. EYL 1:18:43.080 --> 1:18:46.200 does a group chat. I was in there one day 1:18:46.240 --> 1:18:48.599 when they have people not explaining charge they do all 1:18:48.640 --> 1:18:53.000 that and Wall Street traveled community bro, Like, I'm just 1:18:53.000 --> 1:18:55.280 want we teach it all, you know what I'm saying. 1:18:55.400 --> 1:18:58.800 So that's all my go to. Like my brothers over here, 1:18:58.800 --> 1:19:00.280 they have a whole I was in there on one 1:19:00.360 --> 1:19:02.040 day where they had the guys and they were breaking 1:19:02.080 --> 1:19:03.800 charge it down. One of the things e y L 1:19:03.920 --> 1:19:05.320 is good at is saying, you know, I don't know 1:19:05.360 --> 1:19:08.080 it alls. They bring people in the teacher, right, so 1:19:08.160 --> 1:19:10.479 that's what they agreed at. I even followed destruction like 1:19:10.520 --> 1:19:13.040 I got somebody come and teach tryptrom like well, like 1:19:13.080 --> 1:19:14.760 that's one of the things you do. Like I'm greed 1:19:14.760 --> 1:19:16.280 at what I'm greed at, but I don't got to 1:19:16.280 --> 1:19:18.120 be agreed at everything, So I bring people in who 1:19:18.160 --> 1:19:20.559 are great. I follow my brother's structure. So that's what 1:19:20.600 --> 1:19:24.040 you can do. Like they have an idea they bring 1:19:24.120 --> 1:19:25.920 I don't know, I forgot the dude's name. They come in, 1:19:26.000 --> 1:19:28.519 they show you read and they do the whole and 1:19:28.560 --> 1:19:30.960 they make it easy for you. So join E y 1:19:31.120 --> 1:19:32.960 L bro come for me to Wat Street, trapping me 1:19:32.960 --> 1:19:35.280 in my community. We talk about fundamentals. We break down 1:19:35.320 --> 1:19:37.040 how to learn the company, how to read the company, 1:19:37.080 --> 1:19:39.360 how to understand the company, how to buy the discom price. 1:19:39.600 --> 1:19:40.479 You don't got to go nowhere. 1:19:40.479 --> 1:19:45.439 El that appreciate you, guys, appreciate you, Appreciate you. Shout 1:19:45.439 --> 1:19:46.160 out to all boys. 1:19:46.240 --> 1:19:49.720 Uh Francis, I can't. 1:19:49.439 --> 1:19:50.200 Think of the name. 1:19:54.200 --> 1:19:56.000 Those guys especially, Shout out to them. 1:19:56.160 --> 1:19:58.240 They've been blessing us the last couple of months with 1:19:58.280 --> 1:20:02.800 that cheat code, technical analysis and serious there's no joy. 1:20:02.960 --> 1:20:06.960 Come down to d C to man, sure some loved 1:20:07.360 --> 1:20:08.080 was a vibe. 1:20:08.160 --> 1:20:13.520 Man talk about. 1:20:13.600 --> 1:20:15.160 I mean we touched the floor. 1:20:15.200 --> 1:20:16.839 We didn't even have to dribble the ball. 1:20:16.680 --> 1:20:20.000 We put we put Wall Street traffer on stage. Man, 1:20:20.040 --> 1:20:22.720 that was your first public speaking first. 1:20:22.479 --> 1:20:24.800 That was my first one that big I had somebody, 1:20:25.680 --> 1:20:27.720 but that was the first one that scale man. Then 1:20:27.800 --> 1:20:29.840 y'all left me to talk to eighty people by myself 1:20:32.000 --> 1:20:34.600 because we had to do like four episodes. Nobody saw that. 1:20:34.600 --> 1:20:39.519 That's why who episode. I look back, there's eighty people like. 1:20:39.600 --> 1:20:44.759 Show out crazy. I thought that was at that event. 1:20:44.800 --> 1:20:47.800 That was dope, man. We went to It worked so 1:20:47.840 --> 1:20:49.840 hard that I fell asleep during the basketball game. 1:20:49.960 --> 1:20:52.600 I was love love with d C. That was a 1:20:52.720 --> 1:20:56.439 vibe that was dope. Definitely got to go to what 1:20:56.479 --> 1:20:59.120 that part was. I wanted to bus boys and poors. 1:20:59.120 --> 1:21:04.320 Favorite part of these You gotta go south Side. Shout 1:21:04.320 --> 1:21:07.519 out to south I lived there that big chair. Yes, sir, 1:21:10.000 --> 1:21:12.280 shout out. Shout out to you, Emuel, shout out to DC. 1:21:12.479 --> 1:21:12.919 Man. 1:21:13.120 --> 1:21:14.640 All right, let's see what we got. Let's see what 1:21:14.640 --> 1:21:17.720 we got. Let's go to Adrian. We're coming to you. 1:21:17.760 --> 1:21:19.679 I'm yourself. You've been mute. It was going on Adrian. 1:21:22.680 --> 1:21:23.000 Wow. 1:21:23.280 --> 1:21:27.200 Yeah Yo, Thank y'all so much for choosing me, man, 1:21:28.760 --> 1:21:29.400 can you hear me? 1:21:29.800 --> 1:21:30.719 Yeah? Perfect? 1:21:31.600 --> 1:21:32.120 Oh okay. 1:21:33.000 --> 1:21:34.719 First of all, I just got like a little quick 1:21:34.840 --> 1:21:37.800 praise report with regard to him, five hundred. He was 1:21:37.800 --> 1:21:41.560 on the show last month and I was able to 1:21:41.640 --> 1:21:44.519 raise my credit score like one hundred points by just 1:21:44.640 --> 1:21:48.639 following you know, his process. So I just thank y'all 1:21:48.640 --> 1:21:50.360 so much for all the stuff that y'all bring into 1:21:50.360 --> 1:21:50.760 the game. 1:21:51.040 --> 1:21:53.000 Shout out to Mark, Shout out to my boy, him 1:21:53.040 --> 1:21:55.599 five hundred Him, not them. He was with us last 1:21:55.640 --> 1:21:58.760 night at our networking event for Eyo University. One of 1:21:58.800 --> 1:22:02.519 the most dangerous men on the internet. That boys. Yeah, 1:22:02.560 --> 1:22:05.639 boy is different man, no doubt, no doubt. 1:22:06.000 --> 1:22:06.120 Yo. 1:22:06.160 --> 1:22:08.439 When y'all come to Atlanta, I'm like five hours away, 1:22:08.479 --> 1:22:10.519 but I'll drive and definitely make the trip. So if 1:22:10.560 --> 1:22:12.479 y'all come to Atlanta, please let me know. I will 1:22:12.520 --> 1:22:16.120 definitely be up there. I'm gonna get straight to my 1:22:16.120 --> 1:22:19.800 my question. Uh, I'm gonna call you. I'm in gangs 1:22:19.840 --> 1:22:20.640 with Florida. 1:22:21.120 --> 1:22:23.840 Said, because New Orleans six hours all right? Cool? 1:22:24.320 --> 1:22:31.360 Yeah, but uh, trap, I made a terrible mistake and 1:22:31.400 --> 1:22:34.800 I got into coinbase as soon as they opened at 1:22:34.880 --> 1:22:38.559 like just under four hundred, and now I think it's 1:22:38.600 --> 1:22:40.080 like just under three hundred. 1:22:40.240 --> 1:22:41.559 So I lost my shirt. 1:22:42.760 --> 1:22:47.320 But you said, because I follow you on Instagram, you 1:22:47.360 --> 1:22:51.240 were saying that you should never get you should never 1:22:51.560 --> 1:22:54.800 buy stock in a company as soon as they as 1:22:54.800 --> 1:22:58.120 soon as the I p o hits, and what I 1:22:58.160 --> 1:23:01.720 was trying to find out is what would you recommend 1:23:01.800 --> 1:23:04.240 like with regard to coinbase. Do you think that it's 1:23:04.280 --> 1:23:06.400 ever going to get like back up to that four hundred? 1:23:07.040 --> 1:23:08.960 All right, I'm glad you said that, man, because I 1:23:08.960 --> 1:23:11.639 saw some people saying something and I want to address 1:23:11.680 --> 1:23:16.240 this right quick. So I don't buy IPOs or directs, 1:23:16.360 --> 1:23:18.680 and as soon as they come to the market, just 1:23:18.720 --> 1:23:21.280 because I feel like I need to get about four 1:23:21.400 --> 1:23:26.599 quarters of information from them. I bought Roadblocks. My daughter 1:23:26.640 --> 1:23:29.519 has her own account that I put money in, and 1:23:29.560 --> 1:23:31.800 I bought it for her because she literally woke up 1:23:31.880 --> 1:23:34.479 one day because I was CNBC so much and she 1:23:34.640 --> 1:23:38.040 was like, Daddy cannot own Roadblocks like I own Disney, 1:23:38.680 --> 1:23:40.680 And I was like, of course you can. So I 1:23:40.720 --> 1:23:43.240 bought up some shells. But it's for her and it 1:23:43.320 --> 1:23:45.840 wasn't no big deal. It was just to make a smile. 1:23:45.880 --> 1:23:50.000 But I typically myself don't buy them and IPO phase 1:23:50.400 --> 1:23:52.280 or direct. Listen, I think one day I'm gonna do 1:23:52.320 --> 1:23:55.479 a post on the difference between the two. You didn't 1:23:55.479 --> 1:23:57.920 lose your money, so I want you to understand that 1:23:58.720 --> 1:24:01.720 the only way you lose your money is if you 1:24:01.800 --> 1:24:05.840 sell it right now. So let's let's let's understand that 1:24:05.880 --> 1:24:07.960 if you buy a stock and the price goes down, 1:24:08.600 --> 1:24:12.000 what's that beautiful? Okay, I need to turn it down 1:24:12.040 --> 1:24:12.479 a little bit. 1:24:14.200 --> 1:24:18.680 The same person, why are you telling people about my portfolio? 1:24:19.320 --> 1:24:28.160 Exactly like that down at That's a fact, right, You 1:24:28.200 --> 1:24:30.000 don't lose money in a stock when you when the 1:24:30.040 --> 1:24:33.840 stock price goes down, your equity decreases, but you don't 1:24:33.880 --> 1:24:36.599 lose money. You only lose money when you sell it 1:24:36.760 --> 1:24:40.200 because now you've locked in the loss. Right, That's why 1:24:40.200 --> 1:24:43.040 I buy a whole is so dope. So what I 1:24:43.040 --> 1:24:45.479 would typically do if I was you, And one of 1:24:45.520 --> 1:24:47.439 the reasons again why I don't just buy IP is 1:24:47.439 --> 1:24:49.200 out of the gates because first, when you're buying an 1:24:49.200 --> 1:24:51.840 I PO, one of the things directly, one of the 1:24:51.880 --> 1:24:56.080 things that's happening is the people who invested early on 1:24:56.840 --> 1:25:00.360 this becomes the exit strategy for them, right, and unless 1:25:00.360 --> 1:25:03.160 they're in, they have what's called a lockout phase where 1:25:03.160 --> 1:25:05.160 they got to keep it six months or maybe a 1:25:05.280 --> 1:25:08.479 year or maybe two years, depending on what the lockout 1:25:08.520 --> 1:25:11.639 phase is. Right, So we got to figure that out. 1:25:12.439 --> 1:25:16.400 So that's normally when they're getting out. For me after 1:25:16.520 --> 1:25:19.760 three to four quarters, I now have an idea of 1:25:19.920 --> 1:25:23.040 one how the business make money. I've now let all 1:25:23.040 --> 1:25:25.400 the big investors you know, do what they're gonna do. 1:25:26.479 --> 1:25:28.000 You know what I'm saying, They're gonna be in for 1:25:28.040 --> 1:25:30.800 the long term. Whatever I can now, I can now 1:25:30.840 --> 1:25:35.160 develop my game plan on that. For you, I would 1:25:35.200 --> 1:25:38.640 have to ask you, how do you feel about Coinbase? Now? 1:25:38.720 --> 1:25:42.400 What I do know is when I'm thinking about investing 1:25:42.400 --> 1:25:43.559 in it, but I'm gonna give it a year. I'm 1:25:43.560 --> 1:25:49.240 not gonna lie. They put out great numbers before the IPO, like, 1:25:50.160 --> 1:25:52.280 they put out great number. I mean before they before 1:25:52.320 --> 1:25:55.360 they hit the marketing direct listic. They put out great numbers. 1:25:55.680 --> 1:25:57.240 So if you go look back and look at how 1:25:57.280 --> 1:26:02.120 the company has been performing forty became public, they actually 1:26:02.120 --> 1:26:06.559 did great numbers. So now you're saying, Okay, what happens 1:26:06.600 --> 1:26:10.160 now is because they're on the market now public, they 1:26:10.240 --> 1:26:13.160 now have to open up the doors to everything they're doing, 1:26:13.520 --> 1:26:16.200 and they also have to give us all the information 1:26:16.680 --> 1:26:18.559 and so this we build our strategy. And so for you, 1:26:18.560 --> 1:26:21.640 if you bought into coinbase, do you believe in it? 1:26:23.080 --> 1:26:24.280 Yeah? I do, Yeah, I do. 1:26:24.720 --> 1:26:27.920 I think I mean, it's the biggest company, you know 1:26:28.040 --> 1:26:31.680 in the crypto space, so I just assume that it 1:26:31.680 --> 1:26:34.120 would eventually, you know, take over, just because of the 1:26:34.200 --> 1:26:36.200 name recognition one. 1:26:37.160 --> 1:26:39.000 So one of the things before you buy a company. 1:26:39.040 --> 1:26:40.439 So I'm gonna tell you all this right quick. I 1:26:40.479 --> 1:26:43.439 always give myself. I always have these rules, right, but 1:26:43.479 --> 1:26:46.200 I'm gonna just give y'all three things. One like, ask yourself, 1:26:46.240 --> 1:26:51.040 why am I at this business? What attracted me here? Right? Two? 1:26:51.080 --> 1:26:56.639 Do I understand how do they make money? Three? Do 1:26:56.720 --> 1:27:00.960 I see ten year growth potential? Because if I can't 1:27:01.000 --> 1:27:03.000 own a company for ten years and see it growing, 1:27:03.040 --> 1:27:04.479 I don't want to pay I don't want to spend 1:27:04.479 --> 1:27:05.360 ten minutes Washington. 1:27:06.520 --> 1:27:06.720 Right. 1:27:06.760 --> 1:27:08.839 So the next thing for you to do is say, Okay, 1:27:09.080 --> 1:27:09.920 you bought it at how. 1:27:09.880 --> 1:27:12.639 Much it was three ninety eight? 1:27:13.080 --> 1:27:14.920 Three ninety eight? What is that right now? 1:27:17.040 --> 1:27:18.080 Two nine? 1:27:19.240 --> 1:27:22.360 Buy some more right now. So now what's going to 1:27:22.439 --> 1:27:24.320 happen is this was gonna have you. And I'm only 1:27:24.320 --> 1:27:26.360 saying that if you believe in it. So what happens 1:27:26.479 --> 1:27:28.680 is if you bought it at three ninety something and 1:27:28.720 --> 1:27:31.360 you buy that two ninety nine right now, you'll now 1:27:31.479 --> 1:27:33.760 bring your cost basis down, which is the cost that 1:27:33.840 --> 1:27:36.120 you bought it at. You'll bring it down from two 1:27:36.200 --> 1:27:40.920 ninety eight, I mean three ninety something to about two fifty. Right, 1:27:41.040 --> 1:27:44.720 So now, so now you'll see profits. You'll now be 1:27:44.960 --> 1:27:48.880 into profit at two fifty instead of waiting till it 1:27:48.880 --> 1:27:51.599 gets I mean at three point fifty, instead of waiting 1:27:51.640 --> 1:27:54.400 till it gets three hundred. You feel what I'm saying? 1:27:54.880 --> 1:27:56.760 And so what I like to do is with me, 1:27:57.280 --> 1:28:00.519 when I buy a company, I always do what is 1:28:00.560 --> 1:28:04.040 called that's not dollar cost average, and y'all that's called 1:28:04.080 --> 1:28:07.759 averaging down. The dollar cost averaging is something completely different. 1:28:08.160 --> 1:28:10.479 So averaging down is what I love to do. I 1:28:10.600 --> 1:28:12.880 buy it, I figure out what a business is worth, 1:28:13.600 --> 1:28:18.200 and then I find prices at which i'll buy it again. Right, 1:28:18.479 --> 1:28:20.519 and so, so you bought it at three something, So 1:28:20.560 --> 1:28:22.280 now I'll have three ways I look at it. If 1:28:22.280 --> 1:28:24.639 I bought it at three fifty or three ninety something, 1:28:25.000 --> 1:28:27.439 what are the next two prices I'll buy some more at. 1:28:27.840 --> 1:28:29.960 So if I bought it at three ninety, my next 1:28:30.000 --> 1:28:33.679 price may be three point fifty or three twenty five, 1:28:34.040 --> 1:28:36.599 and then my next price may be two seventy five. 1:28:37.160 --> 1:28:39.559 You feel what I'm saying, So, now what happens is 1:28:39.640 --> 1:28:43.280 if it goes down, I'm now bringing my cost basis 1:28:43.320 --> 1:28:46.320 down with right, So now I'm no longer I can 1:28:46.479 --> 1:28:48.040 I don't got to wait till three ninety eight to 1:28:48.080 --> 1:28:51.439 see profit. Now, from three ninety eight to three fifty, 1:28:51.439 --> 1:28:53.920 I'll probably bring my cost bases down to about another 1:28:53.960 --> 1:28:57.400 ten to fifteen dollars. That adds up, right, So you 1:28:57.640 --> 1:29:02.000 find prices to average down at. But I don't. I don't. 1:29:02.439 --> 1:29:05.680 I don't buy IPOs out the gate for myself like 1:29:05.760 --> 1:29:10.960 that because I know there's a few exceptions to the rules, 1:29:11.000 --> 1:29:13.000 and a lot of times it's the smaller companies that 1:29:13.040 --> 1:29:15.800 you don't even hear about that just take off at 1:29:15.800 --> 1:29:20.280 the IPO, right. The bigger companies people getting out of that, 1:29:20.360 --> 1:29:22.559 they make any money they're getting out of that. So 1:29:22.800 --> 1:29:24.880 but because you're there, you believe in That's why I say, 1:29:24.920 --> 1:29:26.720 do you believe in it? If you believe in it, 1:29:26.800 --> 1:29:29.320 you start buying averaging down. And then once you figure 1:29:29.360 --> 1:29:31.200 that price the average down that you said, Okay, I'm 1:29:31.200 --> 1:29:33.400 gonna let it take off. But once it takes off, 1:29:33.439 --> 1:29:36.200 you don't start buying more until you re evaluate the 1:29:36.280 --> 1:29:39.880 company a year later. I evaluate every company every six months. 1:29:40.960 --> 1:29:44.639 Yeah, that's extremely Shout to my boy Mike Rashid, who's 1:29:44.680 --> 1:29:46.760 in the YouTube chat is good. 1:29:46.920 --> 1:29:50.639 Kay, yeah, Yeah, that's what's good. That's my god. 1:29:50.760 --> 1:29:53.920 Man. We got out for the link over. He was like, 1:29:54.000 --> 1:29:54.759 trap you coming. 1:29:55.479 --> 1:29:56.160 I was like yeah. 1:29:56.200 --> 1:29:57.640 When I got my a daughter, I was like, I 1:29:57.640 --> 1:30:03.040 ain't come. Don't they got a company? Just a mic man. 1:30:03.400 --> 1:30:07.799 Were on Micaero Sheet's podcast, and that's crazy. It's doing numbers. 1:30:07.840 --> 1:30:08.000 Man. 1:30:08.040 --> 1:30:10.799 I just the first day it was like four thousand 1:30:10.840 --> 1:30:13.880 views and I didn't check it and I looked two 1:30:13.960 --> 1:30:16.400 days ago and it's been out for four days and we 1:30:16.439 --> 1:30:19.680 had one hundred and seventy seven thousand views. 1:30:23.320 --> 1:30:26.320 Just community is insane. 1:30:26.360 --> 1:30:28.760 Heavily respected and just a good dude. 1:30:28.760 --> 1:30:28.920 Man. 1:30:28.960 --> 1:30:30.760 We're going to be doing a lot of stuff with mic, 1:30:30.880 --> 1:30:34.639 so shout to us. Watch yeah, just watch. Yeah, that's 1:30:34.640 --> 1:30:40.439 a fact co legends only, that's a fact. But buying 1:30:40.479 --> 1:30:42.720 buying down is something like what you just explained is 1:30:42.760 --> 1:30:49.880 something that is extremely powerful. And I actually did that 1:30:50.040 --> 1:30:52.880 recently with an option. And you can do this like 1:30:53.000 --> 1:30:55.000 what he's explaining. You can do regular stock, you can 1:30:55.040 --> 1:30:57.840 do options, you can do anything. And I had an 1:30:57.880 --> 1:31:01.519 option call which I think it was a It was 1:31:01.680 --> 1:31:02.800 one forty. 1:31:04.560 --> 1:31:04.800 One. 1:31:05.120 --> 1:31:08.120 Yeah, it was in January twenty three March March March 1:31:08.120 --> 1:31:11.200 twenty three. It was a one forty March twenty March 1:31:11.240 --> 1:31:16.040 twenty three call for Apple. And I was down pretty bad. 1:31:16.200 --> 1:31:20.439 I was down forty percent. I was down like forty percent, 1:31:21.200 --> 1:31:24.360 and I put it. I put a substantial amount of 1:31:24.360 --> 1:31:27.920 money in because looking at the charts understanding that Apple, 1:31:28.320 --> 1:31:30.000 you know, we felt it was kind of gonna go 1:31:30.000 --> 1:31:32.680 on the run with earnings and everything. I'm like, I'm 1:31:32.680 --> 1:31:36.439 already down forty percent, So I put a substantial amount 1:31:36.479 --> 1:31:39.559 of money. The minute I put that in, it brought 1:31:39.600 --> 1:31:43.320 me back. It brought me to down eight percent instantly, 1:31:44.840 --> 1:31:49.400 and now I'm up twenty two percent. So that's a 1:31:49.680 --> 1:31:54.160 sixty percent swing swing. So it's like, all you take 1:31:54.200 --> 1:31:57.960 a shot, you might miss the first shot. Move in 1:31:58.040 --> 1:32:01.960 a little bit, get closer to the basket it. You 1:32:01.960 --> 1:32:05.040 know what I'm said, don't look. 1:32:05.080 --> 1:32:07.439 Look the reason he did that is because he believes 1:32:07.479 --> 1:32:09.640 in the company, right, Like, if you don't believe in 1:32:09.640 --> 1:32:12.080 the company, you're not gonna do that. 1:32:12.760 --> 1:32:14.760 Yeah, don't just do that with anything, Like if you 1:32:14.920 --> 1:32:18.200 down you got X, Y and Z paper nail company, 1:32:18.200 --> 1:32:20.960 and you down sixty percent and you're thinking you're going 1:32:21.120 --> 1:32:23.679 you're gonna just now, you're gonna be down ninety percent 1:32:23.680 --> 1:32:26.680 when it keeps going like it, you can't strictly for 1:32:26.760 --> 1:32:30.080 live man here, don't play yourself and think like, Okay. 1:32:29.920 --> 1:32:32.040 You definitely got to beat in the business. You definitely 1:32:32.080 --> 1:32:36.560 gotta That's one of the most important things with anything 1:32:37.320 --> 1:32:40.639 with investing. You gotta believe in the business. That's the 1:32:40.680 --> 1:32:43.479 only thing gonna keep me from paying again. Right if 1:32:43.520 --> 1:32:46.040 you if you guess, if you're doing guesswork, every time 1:32:46.040 --> 1:32:47.760 it drops, you're gonna pay it. You're gonna sell your 1:32:47.760 --> 1:32:50.080 shirt if you believe it. Yo, I'm telling y'all we 1:32:50.120 --> 1:32:53.320 done been down big money and be like how you feel, bro, man, 1:32:53.360 --> 1:32:55.800 I'm good, I ain't tripping on it all good? Tell 1:32:55.880 --> 1:33:00.160 him all right, talk to him cool, what we're doing well, 1:33:00.520 --> 1:33:02.080 I ain't going about that. What was about to do 1:33:02.280 --> 1:33:04.400 when we leave it up is because we believe in 1:33:04.400 --> 1:33:08.080 the like no whether it's long time, buy a whole, 1:33:08.120 --> 1:33:12.439 whether it's mid time, whether it's options. Because we do 1:33:12.560 --> 1:33:17.760 the research and a homework, that eliminates the panic that 1:33:17.840 --> 1:33:21.479 eliminates the panic. Now Rashad is just a pessimistic. 1:33:21.240 --> 1:33:23.479 I'm about to say he'd be trying to make me panic. 1:33:23.560 --> 1:33:24.920 I'm like, nah, bro, we're good. 1:33:26.320 --> 1:33:30.280 Ways, yo. You know the moon is about it's about 1:33:30.320 --> 1:33:35.400 to come out, you know what. 1:33:35.400 --> 1:33:36.960 That's what I was always taught Tod to my man 1:33:37.000 --> 1:33:39.280 jam You always said, like, you know, kill the deal. 1:33:39.320 --> 1:33:43.120 I'm always taught to kill the deal, meaning if something 1:33:43.160 --> 1:33:45.120 is brought to me, I'm trying to figure out what, 1:33:45.160 --> 1:33:47.000 how can how doesn't it make sense? 1:33:47.560 --> 1:33:48.120 What? How? 1:33:48.280 --> 1:33:51.400 How it can go wrong? I'm a I'm a defensive player. 1:33:51.600 --> 1:33:57.280 So once once you once you, once you, once you realize, 1:33:57.360 --> 1:33:59.799 once you realize all of the things, once you realize 1:33:59.840 --> 1:34:02.720 all the things that can go wrong, now you're in 1:34:02.760 --> 1:34:05.920 a position to actually ma a decision. 1:34:05.920 --> 1:34:06.880 But everybody's different. 1:34:07.160 --> 1:34:09.680 Some people is more like Troy's more offensive, like he 1:34:10.600 --> 1:34:13.960 takes more risks. But you know, to me, I think, 1:34:14.080 --> 1:34:16.920 I think a good defense is the best offense. And 1:34:17.640 --> 1:34:19.760 I'm just not trying to lose no money. That's the 1:34:19.840 --> 1:34:21.000 number one rule of investing. 1:34:21.040 --> 1:34:23.360 I'm not trying the number one rule of don't rule 1:34:23.479 --> 1:34:26.760 number one, don't lose money, rule number two. All of 1:34:26.840 --> 1:34:27.400 rule one. 1:34:27.560 --> 1:34:29.479 That's a fact, big fact. That is a fact. 1:34:29.560 --> 1:34:34.680 That's the more perfect way I will say that. We 1:34:34.880 --> 1:34:38.679 call that. We call that in the in the traffic community. 1:34:38.680 --> 1:34:42.400 Looking at the inverse of every situation and looking at 1:34:42.479 --> 1:34:46.120 the inverse simply means how do I understand the downside? 1:34:46.160 --> 1:34:50.360 Like I gotta understand the downside to whether it's buying hold, 1:34:50.760 --> 1:34:54.960 whether it's options, whatever. I need to understand the downside 1:34:55.280 --> 1:34:57.400 because once if I don't know what, if I don't 1:34:57.400 --> 1:35:00.360 know the dangers of this, then I'm really that's in 1:35:00.400 --> 1:35:04.120 the blind. So when I invest in the company, I 1:35:04.160 --> 1:35:06.720 want to look at what lawsuits they had again them 1:35:06.960 --> 1:35:09.360 why people left the company with the people who work 1:35:09.400 --> 1:35:11.759 for the company saying I need to know the bad 1:35:11.880 --> 1:35:14.760 side of it too. So now stuff doesn't just throw 1:35:14.840 --> 1:35:17.640 me off you we gotta understand that. But because we 1:35:17.640 --> 1:35:18.280 were talking. 1:35:18.080 --> 1:35:23.000 One to one, all that yeah, future innovations, if they 1:35:23.040 --> 1:35:24.160 offer guidance. 1:35:24.600 --> 1:35:26.639 I want to know that these. 1:35:26.479 --> 1:35:29.160 Are the things you gotta you gotta look into. It's 1:35:29.160 --> 1:35:32.200 all places part plays a part in your in your research. 1:35:32.760 --> 1:35:35.200 It's crazy. Listen, as I'm talking to y'all, the guy 1:35:35.280 --> 1:35:37.880 really texted me just now and I was on the 1:35:37.880 --> 1:35:40.639 phone for them two hours man, and he literally told me, 1:35:41.960 --> 1:35:43.840 he's saying, right now, man, you're hitting it right. I guess. 1:35:43.840 --> 1:35:45.400 So he's watching it. He's like, man, you're hitting it 1:35:45.479 --> 1:35:48.760 right on the head. It's crazy. So I told him 1:35:48.760 --> 1:35:51.840 to watch y'all, Like, bro, you're hitting it right on 1:35:51.880 --> 1:35:54.679 the head. He literally texted me right there. But one 1:35:54.680 --> 1:35:56.680 of the things we talked about today was and we 1:35:56.760 --> 1:36:01.680 talked about how there was this great opportunity for the 1:36:01.720 --> 1:36:05.080 playing field to be leveled. So I don't kept if 1:36:05.120 --> 1:36:08.280 crypto NFTs, I don't care what's coming. I want you 1:36:08.479 --> 1:36:12.559 to know that the stock market will not go anywhere, right, 1:36:13.040 --> 1:36:16.080 will not go anywhere because too many people's billions of 1:36:16.160 --> 1:36:19.280 dollars is tied to it. Right, These other ass these 1:36:19.280 --> 1:36:22.519 will be other asset classes that just it's like, this 1:36:22.640 --> 1:36:25.800 is the burger, that's the fries, that's the high c 1:36:26.439 --> 1:36:29.840 that's the apple pie. You want some nuggets too, That's 1:36:29.840 --> 1:36:32.040 what these things are. You can make money with them 1:36:32.080 --> 1:36:34.960 as well. But the market isn't going anywhere. What happens 1:36:35.040 --> 1:36:39.679 is now these other asset classes present greater opportunities for us. 1:36:40.080 --> 1:36:43.920 The thing that's gonna hinder a lot of people it's 1:36:43.960 --> 1:36:47.280 gonna break a lot of people is because they're doing 1:36:47.320 --> 1:36:55.280 more guesswork than research. You're gonna do more guesswork than research. 1:36:56.120 --> 1:36:59.200 People often ask me, but trap, if you waited a 1:36:59.280 --> 1:37:01.719 year for your post while you missed all those games, 1:37:01.760 --> 1:37:03.479 I was like iron tripman, because when I did get 1:37:03.479 --> 1:37:05.360 it at full twenty five or round up to fifteen, 1:37:05.360 --> 1:37:08.719 and I was good fifteen hundred, I was good. Yeah, 1:37:08.760 --> 1:37:10.439 I mean you got a price all you. I had 1:37:10.439 --> 1:37:12.000 a price. I had a price on it what I 1:37:12.040 --> 1:37:15.720 wanted to get it at. Like you can't guess your 1:37:15.760 --> 1:37:19.040 way to wealth, y'all. And the objective for us is 1:37:19.080 --> 1:37:23.840 to help no matter what avenue we taken. The objective 1:37:23.880 --> 1:37:26.800 for us is to help you all build wealth. And 1:37:26.840 --> 1:37:29.400 it's not because we've read it in a book. It's 1:37:29.400 --> 1:37:34.120 because we're literally telling y'all will work for us. I'm 1:37:34.120 --> 1:37:37.960 being real with y'all, Like the stock market changed my life, 1:37:39.920 --> 1:37:45.799 the podcasting game and investing change Eyl's life, real estate change, 1:37:45.840 --> 1:37:50.040 Matt the mortgage guy's life. Right. So the information that 1:37:50.080 --> 1:37:56.800 you're getting from people is of two things, learned and 1:37:56.960 --> 1:38:02.599 experience knowledge. Is learned knowledge, and then there's experience knowledge. 1:38:03.640 --> 1:38:08.720 The two together is your most dangerous weapon. Because some 1:38:08.800 --> 1:38:10.880 things can't be taught, You gotta be They got to 1:38:10.880 --> 1:38:14.240 be experienced, right. I didn't know how I was going 1:38:14.280 --> 1:38:15.640 to react. Un So I was down one hundred and 1:38:15.680 --> 1:38:18.559 fifty thousand dollars, and then I learned how to react. 1:38:18.600 --> 1:38:20.840 Being down one hundred and fifty thousand dollars down, I 1:38:20.920 --> 1:38:22.840 called Troy, like, Yo, what were doing? Huh what? 1:38:22.880 --> 1:38:23.240 I said? 1:38:23.920 --> 1:38:26.519 Man, I'm right with I'm right with you. A lot 1:38:26.560 --> 1:38:28.080 of a lot of this stuff, A lot of this 1:38:28.160 --> 1:38:31.920 stuff you don't like. You say you don't appreciate until 1:38:31.920 --> 1:38:33.720 you actually are in that position to be down one 1:38:33.800 --> 1:38:37.120 hundred and fifty thousand one day. When talks about having 1:38:37.160 --> 1:38:44.160 sixty months of reserves, it sounds crazy. I'm liquid over 1:38:44.240 --> 1:38:47.200 sixty months and I don't I don't feel safe. 1:38:49.640 --> 1:38:52.559 But look what then Mark Cuban said, if you. 1:38:52.560 --> 1:38:56.440 Got a million, you're walking on the exshells. 1:38:56.800 --> 1:39:00.439 Yeah, you walk crazy, crazy that we say that talking 1:39:00.439 --> 1:39:03.640 to a billion dollar man. And you're listening to somebody 1:39:03.800 --> 1:39:09.640 say if you got a million, you on eggshells. You 1:39:09.680 --> 1:39:13.800 feel me like And that's the mindset that tells you 1:39:13.880 --> 1:39:18.640 that the world is shifting to a different place. This 1:39:18.840 --> 1:39:24.160 is showing us that one streaming income is now death 1:39:26.840 --> 1:39:32.040 real talk like you're you're literally bloody meat in the jungle, 1:39:32.920 --> 1:39:36.439 right and the only thing that can save you is 1:39:36.479 --> 1:39:41.920 financial literacy. Yeah, with a company twenty six trillion dollars 1:39:42.000 --> 1:39:45.439 in debt, Yo, it's a wonder why the man says, 1:39:46.400 --> 1:39:51.960 with one million dollars, you're walking on eggshell. So we 1:39:52.040 --> 1:39:54.519 need y'all to take this information. We need y'all to 1:39:54.560 --> 1:39:57.639 take this knowledge. It's the reason why EYL doing what 1:39:57.680 --> 1:40:00.600 they're doing. It's not for popularity, I can promise you, you know, 1:40:00.680 --> 1:40:03.559 like I'm gonna be one, I'm I'm from the streets 1:40:03.560 --> 1:40:06.040 for real. I had to learn how to get on camera. Yo, 1:40:06.120 --> 1:40:10.519 I hate doing it. I hate doing it. I had 1:40:10.560 --> 1:40:12.640 to learn how to do it. So popularity is not 1:40:12.680 --> 1:40:16.120 the thing, know, theariety is not the thing. What makes 1:40:16.160 --> 1:40:18.360 us feel better is saying, yo, we can take the 1:40:18.439 --> 1:40:22.640 information and knowledge and feed our people. Y'all. That's dangerous 1:40:22.960 --> 1:40:25.960 because nobody else ain't gonna teach us but us. Literally, 1:40:26.040 --> 1:40:28.719 man told me this today. He said to me, bruh, 1:40:28.960 --> 1:40:32.320 when you're teaching, Wall Street does not want people to 1:40:32.400 --> 1:40:32.880 know that. 1:40:35.080 --> 1:40:35.240 Yeah. 1:40:35.360 --> 1:40:37.120 Right, So when my brother called me and said, trap 1:40:37.200 --> 1:40:39.240 cause you do it intro the stocks for us. Bro 1:40:39.320 --> 1:40:41.680 up Man, I said, that's a no brainer. We can 1:40:41.760 --> 1:40:44.320 do that. It's cool, broh. So I want you all 1:40:44.320 --> 1:40:46.960 to take that information and don't just take it, You'll 1:40:47.080 --> 1:40:50.439 apply it. Use it when him five hundred come teach 1:40:50.479 --> 1:40:54.280 you'll about credit. Use it. When Derrick Gracie teach y'all 1:40:54.280 --> 1:40:57.080 about you know, gold and whatever. Use it. When I 1:40:57.160 --> 1:40:59.280 come teach you all about stocks, use it. When where 1:40:59.280 --> 1:41:03.439 Sha has a fightinancial planning class, use that. You know why, 1:41:04.120 --> 1:41:07.960 who knows how to financial plan? I shows the hell don't? 1:41:08.280 --> 1:41:09.920 I had to ask him, bro I need you to 1:41:09.960 --> 1:41:11.720 show me how to. I don't even I know. I 1:41:11.720 --> 1:41:15.280 don't know that part right when Troy breaking out an assessment, 1:41:15.360 --> 1:41:19.719 I need that Troy, you're a teacher, like the knowledge 1:41:19.760 --> 1:41:22.280 is here for us to use. Use it. 1:41:24.439 --> 1:41:28.960 That is, I'm not sure. I just wanted to do also, 1:41:29.000 --> 1:41:29.280 I wanted. 1:41:29.320 --> 1:41:29.639 I wanted. 1:41:29.640 --> 1:41:32.080 One thing I haven't spoke about is that we actually 1:41:32.160 --> 1:41:34.400 have a collaboration that we did with Trapp. It's the 1:41:34.439 --> 1:41:37.800 only collaboration that we've ever done in early Legion history. Yeah, 1:41:37.840 --> 1:41:38.920 the family pack and. 1:41:38.840 --> 1:41:43.360 It's a produced start that's a five star. 1:41:44.280 --> 1:41:46.400 That's the most dangerous body of work, y'all. 1:41:46.760 --> 1:41:49.519 That is a fact. We collaborated Wall Street, Trapper, Legion 1:41:49.520 --> 1:41:52.960 collaborated this. We did this last year and it's been 1:41:53.040 --> 1:41:56.280 rave reviews for anybody that has it. Where we actually 1:41:56.360 --> 1:41:59.759 I did fifty percent trapped there, fifty percent I walked. 1:42:00.040 --> 1:42:02.599 It's like a literally walkthrough of like how to look 1:42:02.640 --> 1:42:04.880 at a life insurance illustration, how to properly set up 1:42:04.880 --> 1:42:08.400 a life insurance policy, how to actually over funded life 1:42:08.400 --> 1:42:13.479 insurance policy, college savings, custodio accounts. Trapp talked about goal, 1:42:13.720 --> 1:42:16.320 he talked about we talked about ETF like actually had 1:42:16.479 --> 1:42:19.880 like the websites that we use personally, like Interactive. It's 1:42:19.880 --> 1:42:27.080 like a screen share situation all top performing stocks, precious metals. 1:42:27.520 --> 1:42:30.599 It's so much stuff like it's that's now, it's a college. 1:42:30.640 --> 1:42:33.680 It's a college class. I forgot to mention that. But 1:42:34.080 --> 1:42:36.559 we also collaborated on that. So if you're interested in that, 1:42:36.560 --> 1:42:39.200 I'm gonna put the link for that. I'm gonna pin 1:42:39.240 --> 1:42:42.720 that in YouTube, and we have fun and we have 1:42:42.840 --> 1:42:46.240 fun doing it. Tell him so, first of all, shot 1:42:46.320 --> 1:42:48.040 him started me. I had to go in that basement. 1:42:48.120 --> 1:42:50.760 Troy house to seventy two albums couldn't eat. So I 1:42:50.840 --> 1:42:52.760 just want to make that be known. 1:42:53.600 --> 1:42:57.519 Right the last day we feted, maybe the last day. 1:42:58.240 --> 1:43:03.320 Maybe the last day said maybe three days, couldn't leave, right, 1:43:06.600 --> 1:43:10.040 pick up Troy kids, everything. But we did do another 1:43:10.080 --> 1:43:12.200 thing too as we broke down, I actually show you 1:43:12.240 --> 1:43:16.160 all how JP Morgan and the Rockefellers set up their 1:43:16.240 --> 1:43:17.040 family trust. 1:43:17.800 --> 1:43:20.719 Their family trust. We talked about a powerful one too. 1:43:20.800 --> 1:43:25.040 And we walked through that whole thing. I talked about 1:43:25.040 --> 1:43:27.519 a couple of trusts with Shah talks about some trust 1:43:28.040 --> 1:43:31.080 like yo, like that's a dangerous body of work that 1:43:31.160 --> 1:43:35.599 we put together. Troy has some assessments on that's crazy. 1:43:36.080 --> 1:43:40.560 I think it's literally forty two misubles, y'all, forty. 1:43:40.200 --> 1:43:42.040 Two minds busy. Now we got busy. 1:43:42.600 --> 1:43:45.040 We got busy. I felt like it was an album move. 1:43:46.120 --> 1:43:47.240 We were growing them up with. 1:43:47.680 --> 1:43:49.599 I mean, I just recalled like we were just drawing 1:43:49.680 --> 1:43:51.599 up the tracks, like how we're going to place the tracks? 1:43:52.160 --> 1:43:55.120 Said again, I'm watching the book. But it was crazy. 1:43:55.160 --> 1:43:57.360 I felt like I felt like Swiss a little bit. 1:43:58.920 --> 1:44:01.760 It's a classic album pended if you're interested in checking 1:44:01.800 --> 1:44:05.920 it out. Is trapping with eyl dot com. That is 1:44:05.960 --> 1:44:09.760 an extremely extremely impressive body of work and it was 1:44:09.760 --> 1:44:13.920 dope to work with you on that. So so let's 1:44:14.000 --> 1:44:15.599 let's get one more question if we can. 1:44:15.680 --> 1:44:17.240 Let's go to Graylynd Grayland, were coming to you. I 1:44:17.360 --> 1:44:18.920 mute yourself. You've been immuted. What's going on? 1:44:20.040 --> 1:44:22.680 Yo? I'm so glad you guys are immune to me. 1:44:22.720 --> 1:44:22.920 Man. 1:44:23.160 --> 1:44:27.639 I first off want to say, uh ey l, thank 1:44:27.680 --> 1:44:28.280 you so much. 1:44:28.360 --> 1:44:28.559 Man. 1:44:29.920 --> 1:44:32.200 You know, just just seeing you guys, I'm twenty four 1:44:32.280 --> 1:44:35.400 right now, well actually just turned twenty five, and seeing 1:44:35.439 --> 1:44:39.759 you know what you guys do for the community command 1:44:39.800 --> 1:44:43.479 you one hundred percent, so I wanted to go back 1:44:43.479 --> 1:44:46.599 to something that and also Wall Street Chopper, I appreciate 1:44:46.640 --> 1:44:49.840 you too as well, because I'm just starting to learn 1:44:49.880 --> 1:44:52.920 about stocks. I'm in real estate right now in Charlotte 1:44:53.439 --> 1:44:56.320 and also getting into crypto and kind of redoing my 1:44:56.439 --> 1:44:57.360 finances right now. 1:44:57.400 --> 1:44:59.920 I got rid of my car note and bought a 1:45:00.080 --> 1:45:01.479 car outright to get. 1:45:01.280 --> 1:45:04.360 Some more money back into my you know, my savings 1:45:04.360 --> 1:45:07.160 with what I save every month, So I'm kind of diversifying. 1:45:07.680 --> 1:45:09.879 So I'm starting to, like I said, invest in crypto 1:45:10.080 --> 1:45:14.880 real estate and then from a stock aspect, you know, 1:45:15.240 --> 1:45:19.040 starting out, what do you think you know a percentage 1:45:19.040 --> 1:45:21.920 should be for you know myself, you know, just starting 1:45:21.920 --> 1:45:23.960 out from investing, because I know Rashad you say out 1:45:24.000 --> 1:45:27.040 the time, Uh, you know your portfolio is about ten 1:45:27.080 --> 1:45:30.200 percent of crypto. So I was just trying to see, 1:45:30.240 --> 1:45:32.679 you know, from a stock aspect, what do you think 1:45:32.840 --> 1:45:36.000 you know, Wall Street trapper, you know what that should be? 1:45:38.920 --> 1:45:41.320 So how much of your portfolio should be in crypto? 1:45:41.439 --> 1:45:45.040 I was sorry with texting my mind, Oh no in stock. 1:45:45.120 --> 1:45:47.519 So right now I'm doing about ten percent in crypto 1:45:48.360 --> 1:45:51.439 and then you know I'm saving uh you know a 1:45:51.479 --> 1:45:53.800 good amount too. And then I just brought a whole 1:45:53.840 --> 1:45:57.960 life insurance policy too. So so it it depends on 1:45:58.040 --> 1:46:03.000 to invest themselves. I'm not a financial advisor. Everything that 1:46:03.000 --> 1:46:05.800 I say it for entertainment, education, purpose. 1:46:05.520 --> 1:46:12.880 On right, understand Chris, that's involved, right, I know the 1:46:12.960 --> 1:46:16.840 financial advisor shat he can take the glory. I can 1:46:16.920 --> 1:46:19.240 only take you to the trap house. You feel all right? 1:46:19.360 --> 1:46:21.840 So what I do think is one thing you have 1:46:21.880 --> 1:46:25.800 to do is identify your goals, right, that's important. Identify 1:46:26.080 --> 1:46:29.000 what are your goals? What do you want? Each asset 1:46:29.040 --> 1:46:33.360 class to do for you. That's important because every asset 1:46:33.479 --> 1:46:37.680 class performs different depending on the economy, depending on the 1:46:37.720 --> 1:46:40.720 market cycles. Everything performed different. So the one thing you 1:46:40.720 --> 1:46:42.760 got to do is say what are my goals? Like? 1:46:42.800 --> 1:46:44.439 What am I trying to do? There is no cookie 1:46:44.479 --> 1:46:49.559 cutter approach my portfolio for Shan's portfolio, Troy's portfolio. You 1:46:49.640 --> 1:46:53.560 heard it. We're all different, right. Shot is more defensive, 1:46:53.640 --> 1:46:57.080 Troy is more aggressive. So in every investment they make, 1:46:57.200 --> 1:47:00.880 they're going to take different approaches. So I think one 1:47:00.880 --> 1:47:03.320 of the things you have to figure out is which 1:47:03.360 --> 1:47:05.160 as the class you want to work most for you. 1:47:05.320 --> 1:47:07.280 The reason why I would tell you stocks is because 1:47:07.280 --> 1:47:09.479 I'm the stock guy. That's what I love to do. 1:47:09.720 --> 1:47:11.680 And when I looked at the most wealthiest people in 1:47:11.720 --> 1:47:15.000 the world, I saw that sixty percent of them, I mean, 1:47:15.040 --> 1:47:17.679 I'm sorry that much, eighty percent of them had sixty 1:47:17.720 --> 1:47:21.519 percent of their wealth in stocks. So for me, I 1:47:21.600 --> 1:47:23.800 just followed the blueprint that I already saw. When I 1:47:23.800 --> 1:47:25.519 saw that majority of the oroath to people had their 1:47:25.520 --> 1:47:28.360 money in stocks, I went stocks. And when I realized 1:47:28.400 --> 1:47:30.720 the dude who told me that wealthy people the first 1:47:30.760 --> 1:47:32.639 thing they do is do stocks, they own the business. 1:47:32.640 --> 1:47:35.600 Then they get into real estate. I started stocks, I 1:47:35.640 --> 1:47:39.479 got into stocks, I started my business. Now I'm on 1:47:39.560 --> 1:47:41.720 pace of trying to get one hundred dollars with my brothers. 1:47:42.040 --> 1:47:44.120 You know what I'm saying. So to goal for me 1:47:44.320 --> 1:47:48.639 was stocks first. So my portfolio right now is ninety 1:47:48.640 --> 1:47:53.360 percent stocks, ten percent cryptoild. Until I get real estate, 1:47:53.680 --> 1:47:57.160 my portfolio will shift. But for me, I want stocks 1:47:57.160 --> 1:48:00.840 to do the heavy lifting. You know, So what do 1:48:00.880 --> 1:48:03.000 you want to do the heavy lifting? You know what 1:48:03.080 --> 1:48:06.320 I'm saying. And so for me, when I looked at turns, 1:48:07.080 --> 1:48:09.439 and again, I am not against real estate. Let me 1:48:09.479 --> 1:48:12.800 say that first and foremost, when it came to returns, 1:48:12.960 --> 1:48:15.559 stocks were better. When it came to being able to 1:48:15.640 --> 1:48:20.680 leverage more, and real estate became better, leveraging more and 1:48:20.960 --> 1:48:25.160 tax benefits, real estate was better. So for me, I 1:48:25.200 --> 1:48:27.479 wanted stocks to do the heavy lifting right now, and 1:48:27.520 --> 1:48:31.759 then I'll personally use real estate as a leverage tool 1:48:32.120 --> 1:48:35.320 and as a tax tool. So I understood how I 1:48:35.360 --> 1:48:37.439 want my portfolio to work for me. So that's the 1:48:37.439 --> 1:48:40.240 way I work it. So and I hope that health. 1:48:40.680 --> 1:48:42.519 Yeah, and so when you say you do the heavy lifting, 1:48:42.600 --> 1:48:45.320 so right now, I'm looking at stockings more so like 1:48:45.320 --> 1:48:46.960 in just another vehicle. 1:48:47.880 --> 1:48:51.640 Or a long term hold essentially. 1:48:51.760 --> 1:48:53.600 And so that's what you mean by you saying that 1:48:53.680 --> 1:48:55.960 heavy lifting, Like that's doing most of your heavy lifting 1:48:56.200 --> 1:48:58.400 from a long term hold aspect. 1:49:00.520 --> 1:49:03.280 No, so what I want to do lift, So it's everything. 1:49:03.360 --> 1:49:05.760 So when I say heavy lifting, I mean whether I'm 1:49:05.800 --> 1:49:09.280 doing options, whether I'm doing mid or long term investing. 1:49:09.760 --> 1:49:13.560 Stocks is my vehicle of choice. Okay, you know what 1:49:13.600 --> 1:49:15.360 I'm saying. So when I say heavy lifting, So if 1:49:15.360 --> 1:49:18.519 I'm doing long term investing, it stocks. When I'm doing 1:49:18.680 --> 1:49:21.800 options mid to you know, six months to a year, 1:49:22.240 --> 1:49:26.639 it stocks. When I'm you know, passive income later on 1:49:27.000 --> 1:49:31.000 for dividends, Like my goal is to generate a million 1:49:31.000 --> 1:49:34.720 dollars a year by time I'm fifty from dividends, right, Like, 1:49:35.000 --> 1:49:37.320 so I set up a whole dividend portfolio that much 1:49:37.360 --> 1:49:42.000 just be pumping money into forever. Right. And so when 1:49:42.040 --> 1:49:44.680 I say that I want the heavy lifting stocks is 1:49:44.720 --> 1:49:48.160 doing my heavy lifting. Also because I don't understand real 1:49:48.240 --> 1:49:51.880 estate as much just yet you feel what I'm saying, Like, 1:49:52.040 --> 1:49:54.040 that's why I got a mat, That's why I learned 1:49:54.040 --> 1:49:57.760 from real estate people. But even stocks is my goal 1:49:57.840 --> 1:50:00.240 to So that's going to do majority of the heavy 1:50:00.280 --> 1:50:02.760 lifting for me. Real estate will be next, and then 1:50:02.800 --> 1:50:04.760 crypto is a part of it as well. But so 1:50:04.880 --> 1:50:07.840 that's how my that's how my portfolio is going to 1:50:07.880 --> 1:50:10.280 be set up. Stocks is going to do majority of 1:50:10.360 --> 1:50:13.120 the word for me. No matter what level I'm on again, 1:50:13.200 --> 1:50:17.160 whether it's options, whether it's buying hole, whether it's dividends, 1:50:18.000 --> 1:50:20.599 Stock's gonna do the heavy heavy lifting because the returns 1:50:20.600 --> 1:50:23.600 for me were better, Like I can get those returns 1:50:23.640 --> 1:50:26.559 in crypto and the stocks and then options for me 1:50:26.800 --> 1:50:29.479 better than that real estate. But with real estate, I'm 1:50:29.479 --> 1:50:31.280 gonna be able to take equity out of this home, 1:50:31.439 --> 1:50:34.200 go get another piece of property, the defer that tax. 1:50:34.560 --> 1:50:37.599 You know what I'm saying. So now, how to use 1:50:37.600 --> 1:50:40.120 your portfolio or how you again, what do you want 1:50:40.120 --> 1:50:42.400 the heavy lifting to do? And what are your goals? 1:50:42.680 --> 1:50:45.960 That's how you build your portfolio the wealth. Okay, yeah, 1:50:46.200 --> 1:50:50.840 and that definitely makes it. That was a class Just yeah, 1:50:51.360 --> 1:50:52.960 appreciate appreciate it. 1:50:54.200 --> 1:50:57.880 Okay, No, we haven't said downlines in a while. 1:50:58.200 --> 1:50:59.519 No, well we're not going to do that to your 1:50:59.520 --> 1:51:00.960 grand but appreciate you bro. 1:51:01.240 --> 1:51:05.000 For sure, appreciate you, but yeah, ten ten percent is 1:51:05.000 --> 1:51:07.880 actually what I have in crypto too in my portfolio. 1:51:07.960 --> 1:51:11.720 But trap on, thank you, mayn I really appreciate it. 1:51:11.720 --> 1:51:13.840 Before we leave, just to let people know. So what 1:51:13.840 --> 1:51:15.639 we're gonna do with the scholarships, because I was thinking 1:51:15.640 --> 1:51:18.400 about it, and you know, we've done scholarships before, but 1:51:18.800 --> 1:51:21.719 I met three people this weekend that were college students. 1:51:21.760 --> 1:51:24.360 That was an Eyo university, and we got to look 1:51:24.400 --> 1:51:28.120 out for everybody, but I feel like, you know, we 1:51:28.240 --> 1:51:30.320 got to make sure that we look out for young people. 1:51:30.360 --> 1:51:31.720 So what I want to do is I want to 1:51:31.760 --> 1:51:35.040 give ten ten scholarships away to anybody, to. 1:51:35.360 --> 1:51:37.519 People at HBCUs. But we're gonna do this organized. 1:51:37.520 --> 1:51:40.360 It's not just going to be your email, So don't 1:51:40.360 --> 1:51:41.639 even waste your time because. 1:51:43.240 --> 1:51:45.360 The chat, that's what we're not going to do. 1:51:45.880 --> 1:51:47.679 What we are going to do is we're gonna connect 1:51:47.680 --> 1:51:52.000 with somebody at an HBCU. So if you work at 1:51:52.000 --> 1:51:55.920 an HBCU, email email, infod earned a leisure, if you 1:51:56.080 --> 1:51:58.640 like work, if you're like a professor or an administrator, 1:51:58.680 --> 1:52:01.720 if you can actually get us in touch. If not, 1:52:01.840 --> 1:52:03.720 we can do the lake work ourselves. But you know 1:52:03.760 --> 1:52:06.160 what we can do if they are in the ages 1:52:06.200 --> 1:52:06.600 bc U. 1:52:07.880 --> 1:52:10.800 Uh, they have the email from their school and so 1:52:10.920 --> 1:52:12.479 that email will be there. 1:52:12.400 --> 1:52:13.240 No, no, no, at the school. 1:52:13.280 --> 1:52:15.120 Now we'll just we'll just do it with one so 1:52:15.360 --> 1:52:18.240 it's easier, like Howard University, like you know what I'm saying, Like, 1:52:18.280 --> 1:52:20.720 we'll just pig ten students and how you know school. Yeah, 1:52:20.720 --> 1:52:23.120 it should it shouldn't be that hard because colleges hit 1:52:23.200 --> 1:52:25.439 us up all the time to speak and stuff like that. 1:52:25.520 --> 1:52:28.479 So we can just you pick one school and we 1:52:28.520 --> 1:52:31.880 can pick ten students at that school and we'll give 1:52:32.000 --> 1:52:37.040 we'll give them scholarships. Ten scholarships to college students at 1:52:37.120 --> 1:52:42.120 each BCU school and we'll do it like that for 1:52:42.240 --> 1:52:43.960 the So once again, thank you for that, and that 1:52:44.080 --> 1:52:47.599 is courtesy of mister Trap. Actually will match it. We'll 1:52:47.640 --> 1:52:50.160 match it. Trap Trap will do ten, We'll do ten, 1:52:50.280 --> 1:52:54.240 So we'll do twenty. We'll do twenty scholarships for HBC 1:52:55.840 --> 1:52:58.040 school students. But like I said, it's going to be organized, 1:52:58.080 --> 1:53:01.679 it's not going to be I to Howard, how old 1:53:01.680 --> 1:53:06.080 are you? Forty seven? No disrespect anybody that goes to hell, 1:53:06.120 --> 1:53:09.000 it's forty seven. Now we're not playing that game. But 1:53:09.120 --> 1:53:10.559 once again, thank you for your time. 1:53:10.640 --> 1:53:10.920 Brother. 1:53:11.000 --> 1:53:13.880 If anybody watched this, if you are interested in joining 1:53:13.880 --> 1:53:16.559 ewy and University once again, we do this every single week. 1:53:16.960 --> 1:53:20.720 We have over one hundred archived classes like this where 1:53:20.760 --> 1:53:23.720 you get to interact with the professor and we cover 1:53:23.840 --> 1:53:30.200 everything from real estate to credit, to legal issues to 1:53:31.080 --> 1:53:34.040 anything you need to think of we cover. But the 1:53:34.120 --> 1:53:37.880 difference between the podcast, YouTube and EYL University is that 1:53:37.920 --> 1:53:41.880 it's a community. Once again. We have infinity groups where 1:53:41.920 --> 1:53:44.719 people learn from each other. We have a crypto club, 1:53:44.760 --> 1:53:46.880 we have a real estate club, we have a stock club. 1:53:47.760 --> 1:53:51.479 Home Buyers Blueprint is included MG the mortgage guys. Home 1:53:51.520 --> 1:53:56.360 Buyers Blueprint our Facebook group private six thousand members. We 1:53:56.400 --> 1:53:59.240 have private events. We just had our first private event 1:54:00.520 --> 1:54:04.280 yesterday in La. Over one hundred and fifty earnings came out. 1:54:04.760 --> 1:54:07.559 We had my boy nineteen Keys was dead, Mike rashid 1:54:07.600 --> 1:54:10.560 Alis good energy him, five hundred, Miss Business, Shiggy a 1:54:10.680 --> 1:54:15.479 Tear Blair Us and you got to network Atlanta. Of 1:54:15.520 --> 1:54:17.439 course we're gonna do something bigger in Atlanta. And you 1:54:17.520 --> 1:54:19.799 know all of our friends living Atlanta, so you already 1:54:19.800 --> 1:54:21.200 know what kind of vibe that's gonna be. 1:54:21.479 --> 1:54:27.080 That's just off the brip, bro, that's off the rip. 1:54:27.120 --> 1:54:29.360 You know all of our friends living in Atlanta, including 1:54:29.439 --> 1:54:33.600 mister Trapp, So you did hello, you already know how 1:54:33.640 --> 1:54:35.840 that goes, man, and you know on and on and 1:54:35.880 --> 1:54:39.880 on ey l University. If you are interested, is sixty 1:54:39.920 --> 1:54:42.520 five percent off right now? That will go to fifty 1:54:42.560 --> 1:54:46.800 percent off in two days. So yes, yeah, Tom is 1:54:46.840 --> 1:54:49.800 limited on that. And then trapping with El, Trapping with 1:54:49.840 --> 1:54:52.360 EYL is separate from that. That is Wall Street Trappers course, 1:54:52.400 --> 1:54:55.720 who we collaborated on with fifty to fifty on that 1:54:55.840 --> 1:54:58.840 as far as on the production side, but that's our 1:54:58.840 --> 1:55:01.360 only collaborative. That's the only not to say that we 1:55:01.680 --> 1:55:03.880 won't work with other people, but if we did work 1:55:03.920 --> 1:55:06.200 with somebody, it just made sense to work with Trap. 1:55:06.280 --> 1:55:09.920 Our history is like you know, it's like Kobe and 1:55:10.080 --> 1:55:12.800 it's like Kobe and shack Man, like you know, anytime 1:55:12.800 --> 1:55:15.680 we get together, it's always it's always a massive it's 1:55:15.720 --> 1:55:18.040 always a magical moment. So it just made perfect sense 1:55:18.040 --> 1:55:20.320 for us to do that. If you're interested in that, 1:55:20.320 --> 1:55:26.320 that is pinned on YouTube. Trapping with Eyo dot com. 1:55:26.400 --> 1:55:31.000 So yeah, man, I hope you guys apply this information 1:55:31.240 --> 1:55:34.560 most importantly. That is the most important thing. And once 1:55:34.600 --> 1:55:36.680 again this was done to just bring it back to 1:55:36.760 --> 1:55:39.600 the basics. And you know a lot of times we 1:55:39.680 --> 1:55:43.480 might you know, talk at a fast pace. So sometimes 1:55:43.480 --> 1:55:45.640 it's just good to have a refresher course. Even if 1:55:45.680 --> 1:55:49.400 you are investing, sometimes you need to just revisit the basics. 1:55:50.040 --> 1:55:53.600 And one thing about Wall Street, he does a great 1:55:53.680 --> 1:55:58.440 job at making things that's complicated extremely easy to understand. 1:55:58.520 --> 1:56:00.960 Somebody ran up on me yesterday from Sure and it 1:56:01.160 --> 1:56:03.840 was like they was talking. They was like going on 1:56:03.880 --> 1:56:05.640 and on and on about everything, and they was like 1:56:06.520 --> 1:56:10.360 compound interest. There was like the eighth wonder of the world. 1:56:10.720 --> 1:56:13.320 The man who the man who doesn't. The man who 1:56:13.400 --> 1:56:16.120 understands it will benefit the man that doesn't understand it 1:56:16.160 --> 1:56:16.840 will pay forever. 1:56:17.240 --> 1:56:23.880 Big trap. So you know what I'm saying. 1:56:23.920 --> 1:56:26.040 So they tapped they tapped in with trap man all 1:56:26.080 --> 1:56:26.839 over the country. 1:56:26.840 --> 1:56:31.840 Man. Yeah, yeah, yeah, man, But like to tell what 1:56:31.840 --> 1:56:32.960 would you like to tell people? 1:56:34.120 --> 1:56:36.000 Man? I just want to you know, I always go 1:56:36.040 --> 1:56:38.320 on these rants, but I ain't going to random man. 1:56:38.680 --> 1:56:40.840 I just want to say, like this, this, y'all could 1:56:40.840 --> 1:56:42.440 have been anywhere in the world. But y'all chose to 1:56:42.480 --> 1:56:45.600 be here with us, Yes, sir, the best place you 1:56:45.640 --> 1:56:49.120 can be man between E Y L. Wall Street, Trapper, 1:56:49.560 --> 1:56:51.640 the other people that's putting our great information. That's what 1:56:51.720 --> 1:56:54.000 you need to be at your life. Financial literacyre is 1:56:54.000 --> 1:56:58.160 gonna say you don't get there all at once because 1:56:58.160 --> 1:57:00.640 we ain't get We didn't get into the positions we 1:57:00.680 --> 1:57:06.840 work in overnight. Be patient, be dedicated, keep learning right, 1:57:07.040 --> 1:57:08.680 that's what's going to take us out of here. Yo. 1:57:09.360 --> 1:57:12.400 Like turn your last name to an asset. That's a 1:57:12.440 --> 1:57:15.800 real statement that I live by. And what that simply 1:57:15.880 --> 1:57:19.560 means is how many rich and wealthy families You don't 1:57:19.600 --> 1:57:21.480 know how they got their money, but you just know 1:57:21.560 --> 1:57:25.880 they wealthy. Their name is associated with money that didn't 1:57:25.920 --> 1:57:30.560 happen for one person. That happened from one person getting 1:57:30.560 --> 1:57:33.640 the knowledge that happened for one person getting the game 1:57:34.200 --> 1:57:36.680 that happened from one person saying, Yo, I ain't my 1:57:36.760 --> 1:57:39.240 family ain't about to be poor no more. And then 1:57:39.320 --> 1:57:41.760 once they got it, they implemented and they wrote it down. 1:57:41.800 --> 1:57:44.080 One of the things I call them is family SOPs 1:57:44.120 --> 1:57:46.960 that we now have to do everything that we do 1:57:47.000 --> 1:57:48.960 when it comes to investing, we have to write that 1:57:49.080 --> 1:57:52.560 down because we can't just keep it here because it's 1:57:52.560 --> 1:57:55.680 something happened to us today. Tomorrow we die with the information. 1:57:57.600 --> 1:58:00.000 We write it down, We make a blueprint of it. 1:58:00.000 --> 1:58:05.000 How much you know right quick? I probably have about 1:58:05.040 --> 1:58:10.440 sixty overs, y'all. I never stopped reading. I never stopped writing. 1:58:10.480 --> 1:58:13.800 Everything I do, I write it down, y'all. Like, write 1:58:13.840 --> 1:58:16.200 it down. Put it down so your family can read it. 1:58:16.240 --> 1:58:18.360 So your adult my daughter can read it. Give them 1:58:18.360 --> 1:58:22.520 the knowledge. Write it down, y'all, family SOPs. Get the 1:58:22.640 --> 1:58:25.000 knowledge so you can you can get it. Give it 1:58:25.040 --> 1:58:27.160 to your kids, your kids, and give it to your kids. 1:58:27.360 --> 1:58:29.520 Give it to your cousins, give it to your aties. 1:58:30.200 --> 1:58:31.960 I don't care if they don't want it right now, 1:58:32.200 --> 1:58:35.000 you keep doing it. Don't get discouraged because they don't 1:58:35.000 --> 1:58:37.760 want it. One thing we do as a people is 1:58:37.840 --> 1:58:41.840 we learn, and once we see somebody doing it, okay, cool, 1:58:41.880 --> 1:58:44.360 let me train it. Don't don't. Don't punish them for 1:58:44.440 --> 1:58:46.600 not being on it when you first got on it. 1:58:46.720 --> 1:58:48.280 And you ain't learn when I first got it. I 1:58:48.280 --> 1:58:50.760 don't want to do it. Nah, You learning your time. 1:58:51.120 --> 1:58:54.800 Let them learning their time. But keep learning, keep applying 1:58:54.800 --> 1:58:58.720 to information, join the earners, Come be a Trapper. We're 1:58:58.760 --> 1:59:02.680 gonna keep feeding y'all. Just getting started. Tourist shot and 1:59:02.800 --> 1:59:06.760 were not finished until we have the same type of 1:59:06.920 --> 1:59:08.920 people our people have the same type of energy that 1:59:08.960 --> 1:59:11.000 they have for us that they have for a rappers, y'all. 1:59:12.560 --> 1:59:15.320 I told them we ain't finished until that happened. And 1:59:15.440 --> 1:59:17.840 we're gonna keep doing it, y'all. We're gonna keep being 1:59:17.880 --> 1:59:19.920 So that's all I gotta say. Man, Just keep learning, 1:59:20.200 --> 1:59:23.680 keep implementing the information. Don't compare your chapter one of 1:59:23.760 --> 1:59:25.200 somebody else chapter twenty. Man. 1:59:25.640 --> 1:59:25.880 Please. 1:59:26.960 --> 1:59:30.280 I will be teaching a financial planning class for the 1:59:30.320 --> 1:59:33.400 Trapper community next month. Just trying to work out the dates, 1:59:33.520 --> 1:59:36.480 but definitely I'm looking forward. I'm looking forward to that 1:59:36.560 --> 1:59:36.920 for sure. 1:59:37.080 --> 1:59:37.520 Yeah, man. 1:59:37.600 --> 1:59:41.240 And as I said before, man, we're here to just 1:59:41.240 --> 1:59:44.920 build community. And uh, even with Trapper is anonymous and 1:59:44.960 --> 1:59:47.840 ey l, We're not here to teach you what to think. 1:59:47.880 --> 1:59:49.120 We're here to teach you how to think. 1:59:49.360 --> 1:59:53.160 And so when you learn that, it doesn't stop with you, 1:59:53.440 --> 1:59:55.800 it goes to the community. And so I want to 1:59:55.880 --> 1:59:58.720 encourage everybody. I want to courage everybody. We always say that, man, 1:59:58.720 --> 1:59:59.840 you learn something you go to your hood and you 1:59:59.840 --> 2:00:03.080 give right back. And so we saw outpouring that last night, 2:00:03.400 --> 2:00:05.040 and so we want to continue that thing going. 2:00:05.080 --> 2:00:07.400 So shout that all the earners, Shout to all the trappers. 2:00:07.760 --> 2:00:11.880 Shot to everybody that that's learning and building and creatively 2:00:12.160 --> 2:00:15.080 coming together for the common cause of generational wealth. 2:00:15.120 --> 2:00:17.120 Man, we love y'all. You know how this works. 2:00:17.120 --> 2:00:19.720 Man, Reach out, call somebody, one text, one conversation could 2:00:19.760 --> 2:00:21.200 change the directory of somebody's life. 2:00:21.440 --> 2:00:23.440 And we encourage you to do that. Man, We're gonna 2:00:23.440 --> 2:00:23.680 do that. 2:00:23.720 --> 2:00:26.880 We live by that. Uh so we're gonna keep doing that. Yeah. 2:00:26.920 --> 2:00:28.320 So this will be saved on YouTube. 2:00:28.360 --> 2:00:30.720 It will be on podcast outlets on Friday at five 2:00:30.720 --> 2:00:35.000 o'clock Eastern Standard time. Tap in once again, Trap. Appreciate you, bro, 2:00:35.200 --> 2:00:37.880 big trash. Yeah, love is love. 2:00:38.080 --> 2:00:38.640 I know that. 2:00:42.720 --> 2:00:48.760 My graduates from my school being forced back drop Mike, 2:00:48.840 --> 2:00:51.000 drop drop drop. 2:01:02.080 --> 2:01:05.960 You just realized your business needed to hire someone yesterday. 2:01:06.480 --> 2:01:08.840 How can you find amazing candidates fast? 2:01:09.400 --> 2:01:09.760 Easy? 2:01:10.240 --> 2:01:13.600 Just use Indeed stop struggling to get your job posts 2:01:13.600 --> 2:01:17.320 seen on other job sites. 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