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Speaker 6: Let's talk about Amazon. So Amazon buys one medical for
Speaker 6: three point nine billion.
Speaker 4: We got two story on Amazon.
Speaker 6: Yeah, so let's talk about this first one about them
Speaker 6: buying one medical for a three point nine billion So
Speaker 6: what does that mean? And how has that helped rise
Speaker 6: the stock over the over the net? How will that
Speaker 6: help rise the stock over the next couple of years?
Speaker 6: What does that mean as far as them buying one
Speaker 6: medical for three point nine billion dollars?
Speaker 7: Yeah, I mean Amazon, you got start no truck go ahead. Now,
Speaker 7: I was gonna say, you know, Amazon is still one
Speaker 7: of my favorite companies. But we said this for a
Speaker 7: long time. How do we add this is the same
Speaker 7: thing that we didn't see with Snap when we're are acquisitions,
Speaker 7: and so we knew that the number one e commerce
Speaker 7: business and probably next year about it early next year
Speaker 7: will be Amazon. And what field haven't they really conquered
Speaker 7: and that's healthcare?
Speaker 2: And so how do you do it? You go get
Speaker 2: a healthcare company.
Speaker 7: And so it's interesting because the feedback has been a
Speaker 7: little shaky, right, well, people are looking at that way.
Speaker 7: There has to be something against this, like the privacy here,
Speaker 7: right If one medical a lot of people use that
Speaker 7: to record their blood pressure, there restling their heart rates
Speaker 7: and their lab tests. And now Amazon has access to that,
Speaker 7: and so there's a couple of ways they can use it. Obviously,
Speaker 7: they can ship you your information or your medicine to
Speaker 7: you directly, obviously with Amazon Prime. But what else could
Speaker 7: they do with it? Is it an invasion of privacy?
Speaker 7: And so obviously there's regulations and government regulations that they
Speaker 7: have to.
Speaker 2: Abide by to do it.
Speaker 7: But people are like, I didn't sign up to one
Speaker 7: medical for Amazon to have all this information about me.
Speaker 2: So it's an interesting type of situation.
Speaker 1: Right now, from a stock and investment perspective, I think
Speaker 1: it's a good acquisition. Will medical being a subscription based
Speaker 1: which a lot more companies want Apple to do as well.
Speaker 1: And now we told you guy last year, Amazon, Google,
Speaker 1: and Apple will all go into the healthcare arena very soon.
Speaker 1: This is like the first iteration of it. But in
Speaker 1: addition to that, I know there's going to be pushed
Speaker 1: back initially, but I think it's going to be amazing
Speaker 1: to see customers be able to get their medical or
Speaker 1: the prescriptions from one place. Fitness stuff Chamuth brought up
Speaker 1: how whole foods and the diet can be integrated. And
Speaker 1: from an investment standpoint, if you're looking at a store,
Speaker 1: you can't like Kroger, Walgreens, Walmart.
Speaker 4: We'll talk about that in a second. You can't compete
Speaker 4: with them.
Speaker 1: Now literally every almost everything with exception of a car,
Speaker 1: that you need, you can now get from Amazon. Even
Speaker 1: when we buy equipment, like I love BNH, but if
Speaker 1: I order for Amazon, it's gonna come a hell of
Speaker 1: a lot faster.
Speaker 4: So now I can get medical data a lot faster.
Speaker 1: And if they bring on the right people on terms
Speaker 1: of a board and they need to make a statement
Speaker 1: about those privacy issues.
Speaker 4: But that I think if they get get a good spokesperson,
Speaker 4: they'll be fine.
Speaker 1: The blowback I get people are worried about big tech,
Speaker 1: but the truth is we have no privacy now anyway
Speaker 1: to whatever data you're trying to hide. I know some
Speaker 1: dudes in Brooklyn who can get all your information for
Speaker 1: two thousand bucks right now, listen, easily easily, right, listens.
Speaker 4: A pastor should not have four hundred thousand dollars with your.
Speaker 2: Wow wows. I need an investigation on the man and
Speaker 2: the chip. I'm just keeping it.
Speaker 4: He didn't budge and didn't think about it.
Speaker 2: You didn't even I thought, I'm not yo.
Speaker 6: He prayed, He did not think about it, didn't.
Speaker 4: Move bro and beat the walls next to you.
Speaker 6: Didn't think about it?
Speaker 2: No man, what song was he on? That's why I
Speaker 2: really wouldn't.
Speaker 7: Oh, no, yo, Now you know what's interesting. We gotta stop,
Speaker 7: We gotta, we gotta stop.
Speaker 4: Tomorrow. I look about I.
Speaker 7: Looked into one Medical right, and I had no idea. Right,
Speaker 7: obviously they purchased a company, but I looked into it.
Speaker 7: Do you know what the subscription model is for them?
Speaker 2: Not much?
Speaker 1: It costs.
Speaker 4: How much was it three grade?
Speaker 2: It's one nine a month? What one ninety nine a month?
Speaker 7: So they track your blood rate, your resting heart rate,
Speaker 7: they check your labs results, and they renew your prescriptions.
Speaker 7: And so now I think you have all the information. Obviously,
Speaker 7: that's how you can get your your medication a lot quicker.
Speaker 7: But at one ninety nine a month, if you think
Speaker 7: about that, like Amazon Prime is what one.
Speaker 2: Was it one something a year?
Speaker 7: Like one, you add one ninety nine a month, Let's
Speaker 7: say you got a million customers. That's I mean, you're
Speaker 7: talking about adding revenue models.
Speaker 2: Not a bad acquisition.
Speaker 7: But already subscription Yeah, I'm sorry, not not almost a year,
Speaker 7: ninety nine a year, I'm sorry.
Speaker 6: But then Amazon has already entered the space bar purchasing
Speaker 6: pill pack yep, an investor. And so when you start
Speaker 6: to see healthcare is the biggest industry in America. So
Speaker 6: if you look at the American budget, when we were
Speaker 6: teaching in the classroom, we had a lesson plan where
Speaker 6: we showed the kids the national budget and healthcare. I
Speaker 6: think it was like twenty eight percent something like that.
Speaker 6: It was the largest I believe it was the largest amount.
Speaker 6: Second with the military, I think. So, you know, there's
Speaker 6: nothing bigger than healthcare and it's only going to continue
Speaker 6: to be bigger and bigger. So that's why when you
Speaker 6: see like Apple Health and Amazon acquiring pill Pack, now
Speaker 6: they acquiring other So it's like in order to grow
Speaker 6: and you have to be in the healthcare industry. So
Speaker 6: you're going to see probably more of these companies. Google,
Speaker 6: all of the top companies are going to diversify their
Speaker 6: portfolio and get more into healthcare because it's it's literally
Speaker 6: the biggest industry in America. Okay, so it only makes sense.
Speaker 1: And the veteran the healthcare industry is right for disruption
Speaker 1: changes very slowly. So yeah, Google probably jumping jumping the
Speaker 1: lake mid next year. And also too, like if you're
Speaker 1: going through a recession, if you're in that industry, people
Speaker 1: are going to need healthcare services regardless. I mean, look
Speaker 1: how much money healthcare is made from COVID. Yeah, that's
Speaker 1: just one use stage. And I know people worried about
Speaker 1: big tech and big brother. We gave up all rights
Speaker 1: for privacy many let's go. So but I'm sure they'll
Speaker 1: put out a statement about that about how they'll protect
Speaker 1: users rights and not violating hip laws and stuff like that.
Speaker 4: Even though some of y'all who work in the hospital
Speaker 4: be violating hip laws.
Speaker 7: But the Health Insurance Portability and Accountability at HIAA it
Speaker 7: limits how company can use protective health information. So that
Speaker 7: includes personal identifiable information as well as medical history, lab
Speaker 7: tests as well as other health data. So there are
Speaker 7: government protections and regulations that are in place. I'm sure
Speaker 7: Arizona bye bye, and they'll make a killing inside the
Speaker 7: healthcare space.
Speaker 6: Speaking of Amazon, so this doc slipped a little bit.
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Speaker 2: And after that was in.
Speaker 6: Walmart is getting blamed for it because Walmart's profits are
Speaker 6: lower because of inflation concern So how is Walmart issues
Speaker 6: with inflation? How is that affecting Amazon?
Speaker 7: We're talking in e commerce, right, So if you're talking
Speaker 7: about inflation, you're talking about people not paying. We're talking
Speaker 7: about food prices going up. We're talking about the amount
Speaker 7: of fuel prices going up. And it takes fuel to
Speaker 7: get to these places to spend the money. And we've
Speaker 7: seen that right, and we're seeing people especially like discretionary
Speaker 7: things those things are not being bolt at the same break,
Speaker 7: so people are buying necessities.
Speaker 2: And so when you see a Walmart go down because they.
Speaker 7: Change their forecast for their yearly outlook, then it's going
Speaker 7: to affect the retail space. Right, they're still the largest. Right,
Speaker 7: Amazon will pass it next year, but they're still the largest.
Speaker 7: And so if the largest e commerce business takes a hit,
Speaker 7: then you're going to see a costco, You're going to
Speaker 7: see a target, You're going to see Amazon, and you're
Speaker 7: going to see others fall.
Speaker 2: Two.
Speaker 7: One of the things that they've done trying to combat
Speaker 7: inflation is, look, we got.
Speaker 2: To put discounts on prices.
Speaker 7: But if you put discounts on prices and those things
Speaker 7: don't sell, then there's going to be a loss. And
Speaker 7: so they've seen that and obviously that guidance is going down.
Speaker 2: And so we'll see.
Speaker 7: We'll see how Amazon will report on Thursday, so we'll
Speaker 7: see how much it's going to affect their stock obviously
Speaker 7: affected after hours, but we'll see what their what their
Speaker 7: earners looks like.
Speaker 1: Yeah, I would argue they're in two different businesses, serve
Speaker 1: different client bases, demographics of who they target are dramatically different.
Speaker 1: So why why they're similar. They're not the same every
Speaker 1: whole asignment. Everyone really quick go to Google and type
Speaker 1: in the top ten ways Amazon makes money. Walmart doesn't
Speaker 1: have a web services business and got the number one.
Speaker 1: So mean, when you got a big kahuna like that,
Speaker 1: Like man, there's you know, like their model as a
Speaker 1: lost leader model to gain traction and trust. This is
Speaker 1: why they're able to navigate into the healthcare field so well,
Speaker 1: because if you know, in healthcare, the experience isn't always
Speaker 1: the best, and if they can put that Amazon prim
Speaker 1: like experience on medical.
Speaker 4: Puts a lot of companies on notice.
Speaker 1: So wild spending may go down in Walmart. We may
Speaker 1: eventually see a slight uptake towards at the end of
Speaker 1: the year towards Amazon from like the Christmas rally. I
Speaker 1: just think there's two totally different businesses.
Speaker 4: Management is better in this era.
Speaker 1: They've done an amazing job, But I've been Bezos being
Speaker 1: at the at the helm of the company anymore. I
Speaker 1: don't think this should have affected their stock price at all,
Speaker 1: but I understand why why it may have in the
Speaker 1: short term. Amazon is one of my favorites. It's been
Speaker 1: a stock club pick forever. Please continue the hold five
Speaker 1: or ten years?
Speaker 2: Please?
Speaker 6: What's your long term outlook for Amazon? Five years, ten
Speaker 6: year outlook? It's currently at one hundred, it's currently at
Speaker 6: a price, currently at one hundred and twenty one dollars
Speaker 6: right now, what do you think potentially it could potentially
Speaker 6: get to in five years years?
Speaker 4: Are you coming in with a good, spicy question? Two forty.
Speaker 2: Five years? Two forty that's that's conservative, easy victory.
Speaker 6: Yeah, that's forever for everybody that's that's gonna be disappointed
Speaker 6: with two forty. I already know that's double. That's one
Speaker 6: hundred percent in five years. Let's say let's say even
Speaker 6: if it was let's say hypothetically, even if it was
Speaker 6: ten years, that's one hundred percent. But you this kind
Speaker 6: of stocks, This is this is the problem with investing.
Speaker 6: You're looking for unrealistic returns. You're gonna hurt yourself. You
Speaker 6: got you you got spoiled in the last couple of years,
Speaker 6: and you want one hundred percent in twelve months, So
Speaker 6: you want one hundred percent in five months. Yes, you
Speaker 6: can potentially always get that depending on how you invest
Speaker 6: but yeah, not always like that in investing. And if
Speaker 6: you can double your money as opposed to it, you know,
Speaker 6: losing value because of inflation, sitting in a bank account.
Speaker 6: That's that's the name of the game. So long term
Speaker 6: perspective on on things are very, very critical.
Speaker 1: And they got to ask you, do they want a
Speaker 1: player that's gonna get a guaranteed bucket or a player
Speaker 1: that's gonna be.
Speaker 4: Like good for game one and games two through seven.
Speaker 4: They're streaky as hell.
Speaker 7: Yes, yeah, and it just split. Somebody just asking the
Speaker 7: chat isn't gonna come back down? Twenty five days ago
Speaker 7: it was one hundred and three dollars like after it split,
Speaker 7: I mean one hundred and three. So now we're up
Speaker 7: at what one twenty one split before it got up
Speaker 7: to Did it get back up to twenty six hundred
Speaker 7: or twenty found I know that people even invest in it. Yeah,
Speaker 7: it was a thirty seven hundred at its peak and
Speaker 7: then obviously with the split, numbers are now up on
Speaker 7: the chart.
Speaker 2: But it pulled back really like.
Speaker 7: Forty, which you know, it's tough to wash in your portfolio,
Speaker 7: but when you invested in long term and it you
Speaker 7: understand this, this is part of it.
Speaker 1: Yeah, hope for the long term, and I know some
Speaker 1: of you. I talked to some of you via DM man.
Speaker 1: I don't like some of the takes on quit trading.
Speaker 1: Everything I'll say is a long term investing. If you
Speaker 1: want trading device, come to invest Fest. I don't talk
Speaker 1: long term, I mean trade on him for me, but
Speaker 1: come to invest Fest. But don't try and turn everything
Speaker 1: into a flip, because it's how a lot of people
Speaker 1: end up losing money. Hold these for a long period
Speaker 1: of time, and technically, I know I haven't talked about
Speaker 1: it before, but you should have like a recession account
Speaker 1: for the stocks you want to buy during a recession
Speaker 1: that you're just going to pile money into and you're
Speaker 1: not going to look at for ten years and have
Speaker 1: then have your main brokerage account the same way you
Speaker 1: should have your swing trading and your trading account. They
Speaker 1: trade account separate for one another. You are going to
Speaker 1: be upset in ten years when I come back and
Speaker 1: be like, hey, I told you so. You don't want
Speaker 1: to hear that you were sick and he's supposed to
Speaker 1: be humble. That's the problem in changed on the people.
Speaker 1: How could you I was worse before. You just didn't
Speaker 1: know me, baby boy. It's way worse. Right, So, as
Speaker 1: Rashade would say, I'll save this to say, invest in
Speaker 1: whole long term and quit trying to take my advice
Speaker 1: and flip them to your homeboys as trading advice. I ain't.
Speaker 1: That ain't what I signed you up for. But if
Speaker 1: you do want trade information, I will have that for you.
Speaker 1: At invest Fast August seventh.
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