1
00:00:00,200 --> 00:00:02,680
Speaker 1: So here are the top seven mistakes that investors make.

2
00:00:03,000 --> 00:00:06,520
Speaker 1: This is regardless of what's happening in the geopolitical climate. Right.

3
00:00:06,600 --> 00:00:09,240
Speaker 1: So you can't control who's in office unless you're a

4
00:00:09,240 --> 00:00:14,000
Speaker 1: lobbyist or part of a super pac. But you can't

5
00:00:14,000 --> 00:00:17,680
Speaker 1: control how you invest, what you invest in, what you intake,

6
00:00:17,720 --> 00:00:21,119
Speaker 1: and how you execute. So Number one, We've talked about

7
00:00:21,120 --> 00:00:24,480
Speaker 1: this at nauseam, but not buying quality companies is the

8
00:00:24,480 --> 00:00:29,120
Speaker 1: biggest mistake that people make. Number two the thing that

9
00:00:29,160 --> 00:00:32,760
Speaker 1: I'm seeing the most, that is the most disturbing. You're

10
00:00:32,760 --> 00:00:35,200
Speaker 1: going to look back in six years or five years

11
00:00:35,240 --> 00:00:36,839
Speaker 1: and be like, damn, I should have listened to you,

12
00:00:36,960 --> 00:00:41,919
Speaker 1: Troy Rashad and Q I had a good play and

13
00:00:42,000 --> 00:00:45,240
Speaker 1: I held it for six months instead of five years.

14
00:00:45,600 --> 00:00:49,320
Speaker 1: Not holding is one of the biggest mistakes you'll make,

15
00:00:49,440 --> 00:00:53,519
Speaker 1: especially coming out of this era and riding it into

16
00:00:53,600 --> 00:00:58,160
Speaker 1: twenty twenty five or twenty thirty. Number three, this is

17
00:00:58,160 --> 00:01:01,000
Speaker 1: not nineteen fifty. We keep having these conversations. Is it

18
00:01:01,080 --> 00:01:06,040
Speaker 1: fundamentals or technicals, It's both, it's both. According to where

19
00:01:06,040 --> 00:01:08,679
Speaker 1: the economy is, the dow should be at ten thousand.

20
00:01:10,680 --> 00:01:15,760
Speaker 1: The dow Es are still doing relatively well, tech is

21
00:01:15,800 --> 00:01:17,760
Speaker 1: over inflated, of course, but they shot up like crazy.

22
00:01:17,760 --> 00:01:19,520
Speaker 1: And I'm going to show you a chart later that

23
00:01:19,640 --> 00:01:22,440
Speaker 1: is a prime example of how over inflated we are.

24
00:01:22,480 --> 00:01:24,640
Speaker 1: And at the same time, you have to take advantage

25
00:01:24,680 --> 00:01:26,440
Speaker 1: of voice in front of you, because if you just

26
00:01:26,480 --> 00:01:29,400
Speaker 1: try to time the market solely off of fundamentals, we

27
00:01:29,440 --> 00:01:33,440
Speaker 1: saw this with earnings with Apple. Apple beat earnings and

28
00:01:33,560 --> 00:01:38,200
Speaker 1: fell four minutes later to the downside. So it's not

29
00:01:38,280 --> 00:01:41,600
Speaker 1: if you have great if your earnings are great, that

30
00:01:41,640 --> 00:01:43,039
Speaker 1: you're always going to go up. And you guys have

31
00:01:43,080 --> 00:01:45,320
Speaker 1: seen the opposite, like companies have missed earnings and then

32
00:01:45,360 --> 00:01:47,880
Speaker 1: shot up because the earnings and miss wasn't as bad

33
00:01:47,920 --> 00:01:52,559
Speaker 1: as a projection. Number four, Please stop buying at a high.

34
00:01:53,280 --> 00:01:55,120
Speaker 1: I don't care how hot it is. I don't care

35
00:01:55,280 --> 00:01:58,360
Speaker 1: how many people are talking about it in Discord and Instagram.

36
00:01:58,520 --> 00:02:00,720
Speaker 1: And I'll give you the exact calculation. I'm gonna tap

37
00:02:00,760 --> 00:02:03,320
Speaker 1: into my Bonamin vibes later and give you the exact

38
00:02:03,400 --> 00:02:07,240
Speaker 1: calculation to stay away from. But stop buying at a high.

39
00:02:07,480 --> 00:02:09,120
Speaker 1: Number five fall off with the hype of a non

40
00:02:09,200 --> 00:02:15,880
Speaker 1: revenue generating company. Rust in peace of Nikro and no

41
00:02:15,919 --> 00:02:18,560
Speaker 1: matter how many times we have to tell you it's

42
00:02:18,639 --> 00:02:20,760
Speaker 1: no good. It's all the fame.

43
00:02:22,000 --> 00:02:22,240
Speaker 2: Dead.

44
00:02:22,400 --> 00:02:22,920
Speaker 3: It is dead.

45
00:02:23,120 --> 00:02:25,360
Speaker 1: I'm going to use the is this time. Number six,

46
00:02:25,680 --> 00:02:29,639
Speaker 1: trading too much instead of actually investing. I used to

47
00:02:29,639 --> 00:02:31,680
Speaker 1: have a conversation with a guy that I knew in

48
00:02:31,680 --> 00:02:32,920
Speaker 1: the past, and he was like, well, if you do

49
00:02:32,960 --> 00:02:35,640
Speaker 1: well enough from trading, you shouldn't even need to long

50
00:02:35,720 --> 00:02:38,480
Speaker 1: term invest. And my thing was, okay, but if something

51
00:02:38,520 --> 00:02:41,640
Speaker 1: happens to you, if you die, you get sick, you

52
00:02:41,760 --> 00:02:44,320
Speaker 1: then won't be able to produce returns. You want the

53
00:02:44,400 --> 00:02:47,360
Speaker 1: business to make money regardless if you're if you're in

54
00:02:47,400 --> 00:02:50,680
Speaker 1: it or not. And also, you can't teach your kids

55
00:02:51,240 --> 00:02:53,200
Speaker 1: how to trade at the same proficiency if you're a

56
00:02:53,240 --> 00:02:56,680
Speaker 1: great trader, because the hunger that you have to escape

57
00:02:56,720 --> 00:02:59,320
Speaker 1: poverty is not there if they have already been living

58
00:02:59,320 --> 00:03:01,400
Speaker 1: in life is going on for them. You have to

59
00:03:01,440 --> 00:03:04,600
Speaker 1: do both. And number seven, it's one of the biggest

60
00:03:04,600 --> 00:03:08,200
Speaker 1: mistakes not researching what the outcome of your asset allocation

61
00:03:08,320 --> 00:03:11,040
Speaker 1: is going to be. You guys need to go online

62
00:03:11,360 --> 00:03:15,560
Speaker 1: and pull up an asset allocation calculator and look back

63
00:03:15,600 --> 00:03:18,440
Speaker 1: on the past five or ten years and with your

64
00:03:18,480 --> 00:03:21,960
Speaker 1: portfolio that you're picking you should have an average expectation,

65
00:03:22,120 --> 00:03:22,880
Speaker 1: know what it's going to be.

66
00:03:24,360 --> 00:03:24,840
Speaker 4: I know this.

67
00:03:25,000 --> 00:03:28,400
Speaker 1: All this is feeling that the market is mystical and

68
00:03:28,400 --> 00:03:30,680
Speaker 1: no one knows what it's going to do. That's a lie.

69
00:03:31,000 --> 00:03:33,000
Speaker 1: They told you at six thirty this morning the Dow

70
00:03:33,120 --> 00:03:34,880
Speaker 1: is going to go up four hundred points, and guess

71
00:03:34,880 --> 00:03:39,400
Speaker 1: what it did? Went up four hundred points. All this technology,

72
00:03:39,480 --> 00:03:41,880
Speaker 1: they know where the market is going to go. So

73
00:03:42,080 --> 00:03:45,640
Speaker 1: please know before you invest in Tesla, and if you

74
00:03:45,760 --> 00:03:49,080
Speaker 1: pair that with XLK and VTI, and if you also

75
00:03:49,160 --> 00:03:50,880
Speaker 1: paired that with g just because you don't want to

76
00:03:50,880 --> 00:03:54,880
Speaker 1: listen afford what the outcome is going to be for

77
00:03:55,040 --> 00:03:57,320
Speaker 1: my traders. The biggest mistakes that you make and I'll

78
00:03:57,360 --> 00:03:58,960
Speaker 1: keep this simple because I'll talk about this every day

79
00:03:58,960 --> 00:04:03,040
Speaker 1: in the trade room, but not knowing what target you're

80
00:04:03,040 --> 00:04:05,880
Speaker 1: going to use every single day, type and chat what's

81
00:04:05,920 --> 00:04:10,600
Speaker 1: your percentage based outcome is going to be for every

82
00:04:10,640 --> 00:04:16,720
Speaker 1: trade that you take, two trading at the wrong times,

83
00:04:17,839 --> 00:04:21,320
Speaker 1: three having to search for what to trade. I'm going

84
00:04:21,400 --> 00:04:23,640
Speaker 1: to give you a quick secret. You should trade the

85
00:04:23,680 --> 00:04:29,360
Speaker 1: same few things every single day. So if your commodities traded,

86
00:04:29,400 --> 00:04:32,600
Speaker 1: trade commodities, if you're index index traded trade that if

87
00:04:32,600 --> 00:04:35,120
Speaker 1: you trade natural grass or crew trade that, but you

88
00:04:35,160 --> 00:04:37,599
Speaker 1: should not be scanning and looking for new things to

89
00:04:37,640 --> 00:04:42,279
Speaker 1: trade all the time. And then number four, the one

90
00:04:42,320 --> 00:04:45,400
Speaker 1: thing that no one wants to hear is most traders

91
00:04:45,440 --> 00:04:50,839
Speaker 1: take too many trades per year. So I got this

92
00:04:50,920 --> 00:04:53,440
Speaker 1: out the Amazing Eyo group, and I took your name

93
00:04:53,480 --> 00:04:55,560
Speaker 1: out because I don't want the whole world blowing you up. Right,

94
00:04:56,080 --> 00:04:58,719
Speaker 1: But look at this when you actually check your fees.

95
00:05:00,040 --> 00:05:02,720
Speaker 1: This queen was paying four percent in fees add it

96
00:05:03,400 --> 00:05:06,839
Speaker 1: and it's unnecessary. Now, four percent to some does not

97
00:05:06,920 --> 00:05:09,159
Speaker 1: seem like a lot, but if you look over fifteen years,

98
00:05:10,000 --> 00:05:13,960
Speaker 1: that's sixty percent in additional fees that are not necessary.

99
00:05:14,240 --> 00:05:17,400
Speaker 1: So please type in yes if you have done a

100
00:05:17,520 --> 00:05:19,280
Speaker 1: check on your fall one K or any of your

101
00:05:19,279 --> 00:05:22,360
Speaker 1: retirement and if you had a console or a shot.

102
00:05:22,400 --> 00:05:26,800
Speaker 1: He's already walked it through this process. Eric, Kudos to you.

103
00:05:27,040 --> 00:05:31,080
Speaker 1: The VIX is important because the VIX has hit forty

104
00:05:31,120 --> 00:05:35,400
Speaker 1: seven twelve key time since nineteen eighty seven. Your homework

105
00:05:35,440 --> 00:05:40,440
Speaker 1: for tonight is I want you to tell me next

106
00:05:40,440 --> 00:05:43,159
Speaker 1: week and if you find it tonight, great. What is

107
00:05:43,200 --> 00:05:47,120
Speaker 1: the average return on investment in the indexes after Vix

108
00:05:47,200 --> 00:05:51,240
Speaker 1: goes to forty six. So here's a little lesson for you.

109
00:05:52,560 --> 00:05:54,800
Speaker 4: This episode is brought to you by P and C Bank.

110
00:05:55,200 --> 00:05:57,960
Speaker 4: A lot of people think podcasts about work are boring,

111
00:05:58,200 --> 00:06:02,040
Speaker 4: and sure, they definitely can be, but understanding a professional's

112
00:06:02,120 --> 00:06:05,360
Speaker 4: routine shows us how they achieve their success little by little,

113
00:06:05,720 --> 00:06:09,400
Speaker 4: day after day. It's like banking with P and C Bank.

114
00:06:09,839 --> 00:06:12,680
Speaker 4: It might seem boring to safe plan and make calculated

115
00:06:12,680 --> 00:06:15,800
Speaker 4: decisions with your bank, but keeping your money boring is

116
00:06:15,800 --> 00:06:19,120
Speaker 4: what helps you live or more happily fulfilled life. P

117
00:06:19,240 --> 00:06:24,080
Speaker 4: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly

118
00:06:24,120 --> 00:06:26,760
Speaker 4: Boring since eighteen sixty five is a service mark of

119
00:06:26,800 --> 00:06:30,039
Speaker 4: the PNC Financial Service Group, Inc. P and C Bank

120
00:06:30,480 --> 00:06:37,080
Speaker 4: National Association Member FDIC erness What's Up? You ever walk

121
00:06:37,120 --> 00:06:40,200
Speaker 4: into a small business and everything just works like the

122
00:06:40,279 --> 00:06:44,400
Speaker 4: checkout is fast, the receipts are digital, tipping is a breeze,

123
00:06:44,680 --> 00:06:46,839
Speaker 4: and you're out the door before the line even builds.

124
00:06:47,160 --> 00:06:51,440
Speaker 4: Odds are they're using Square? We love supporting businesses that

125
00:06:51,520 --> 00:06:54,160
Speaker 4: run on Square because it just feels seamless, whether it's

126
00:06:54,200 --> 00:06:56,720
Speaker 4: a local coffee shop, a vendor at a pop up

127
00:06:56,760 --> 00:06:59,960
Speaker 4: market or even one of our merch partners. Square makes

128
00:07:00,000 --> 00:07:03,359
Speaker 4: it's easy for them to take payments, manage inventory, and

129
00:07:03,520 --> 00:07:07,240
Speaker 4: run their business with confidence, all from one simple system.

130
00:07:07,640 --> 00:07:10,240
Speaker 4: If you're a business owner or even just thinking about

131
00:07:10,280 --> 00:07:13,400
Speaker 4: launching something soon, Square is hands down one of the

132
00:07:13,440 --> 00:07:16,880
Speaker 4: best tools out there to help you start, run, and grow.

133
00:07:17,160 --> 00:07:20,160
Speaker 4: It's not just about payments, it's about giving you time

134
00:07:20,240 --> 00:07:23,160
Speaker 4: back so you can focus on what matters most ready.

135
00:07:23,200 --> 00:07:26,600
Speaker 4: To see how Square can transform your business, visit Square

136
00:07:26,680 --> 00:07:31,200
Speaker 4: dot com backslash go backslash eyl to learn more that

137
00:07:31,400 --> 00:07:36,840
Speaker 4: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.

138
00:07:36,960 --> 00:07:39,320
Speaker 4: Let's Square handle the back end so you can keep

139
00:07:39,360 --> 00:07:40,600
Speaker 4: pushing your vision forward.

140
00:07:43,240 --> 00:07:47,120
Speaker 5: You just realized your business needed to hire someone yesterday.

141
00:07:47,640 --> 00:07:51,840
Speaker 5: How can you find amazing candidates fast? Easy? Just use

142
00:07:51,920 --> 00:07:55,200
Speaker 5: Indeed stop struggling to get your job posts seen on

143
00:07:55,320 --> 00:07:59,200
Speaker 5: other job sites. With Indeed sponsored jobs, your post jumps

144
00:07:59,200 --> 00:08:01,560
Speaker 5: to the top of the pay for your relevant candidates,

145
00:08:01,800 --> 00:08:04,840
Speaker 5: so you can reach the people you want faster. According

146
00:08:04,880 --> 00:08:08,520
Speaker 5: to Indeed data, sponsored jobs posted directly on Indeed have

147
00:08:08,640 --> 00:08:12,680
Speaker 5: forty five percent more applications than non sponsored jobs. Don't

148
00:08:12,680 --> 00:08:16,360
Speaker 5: wait any longer. Speed up your hiring right now with Indeed,

149
00:08:16,800 --> 00:08:19,040
Speaker 5: and listeners of this show will get a seventy five

150
00:08:19,120 --> 00:08:22,280
Speaker 5: dollars sponsored job credit to get your jobs more visibility

151
00:08:22,440 --> 00:08:28,160
Speaker 5: at indeed dot com slash pod Katz thirteen. Just go

152
00:08:28,200 --> 00:08:33,000
Speaker 5: to indeed dot com slash pod katz thirteen right now

153
00:08:33,320 --> 00:08:35,880
Speaker 5: and support our show by saying you heard about Indeed

154
00:08:35,920 --> 00:08:40,240
Speaker 5: on this podcast. Terms and conditions apply. Hiring Indeed is

155
00:08:40,280 --> 00:08:40,880
Speaker 5: all you need.

156
00:08:41,679 --> 00:08:44,440
Speaker 1: You can take the average of each time, divide it

157
00:08:44,480 --> 00:08:48,280
Speaker 1: by twelve bond and one vibes, and then it'll be

158
00:08:48,320 --> 00:08:51,400
Speaker 1: able to tell you how far the market is going

159
00:08:51,440 --> 00:08:53,760
Speaker 1: to go up from the time that it hits forty seven.

160
00:08:54,440 --> 00:08:58,200
Speaker 1: You have to plan for disaster before it reaches your doorstep.

161
00:08:59,320 --> 00:09:01,920
Speaker 1: So when to forty one other day, everyone pattis like,

162
00:09:01,920 --> 00:09:03,600
Speaker 1: what are we going to do? I'm like, you should

163
00:09:03,640 --> 00:09:06,560
Speaker 1: already know how far it's going to retrace base off

164
00:09:06,559 --> 00:09:10,680
Speaker 1: of those levels For our commodities bugs, It's tell me

165
00:09:10,679 --> 00:09:13,040
Speaker 1: that we don't cover commodities enough. Look at this right here.

166
00:09:13,679 --> 00:09:19,480
Speaker 1: Commodities are at a opportune time because of COVID. So

167
00:09:19,520 --> 00:09:21,880
Speaker 1: when I tell you guys, go look at every asset class,

168
00:09:21,920 --> 00:09:25,160
Speaker 1: even international So if you look at the Nike but Vesta,

169
00:09:25,280 --> 00:09:28,360
Speaker 1: there are opportunities there that you could potentially take advantage of.

170
00:09:28,440 --> 00:09:30,920
Speaker 1: But you need to look at the commodities across the

171
00:09:30,960 --> 00:09:34,040
Speaker 1: board to see which ones that are lows and that

172
00:09:34,080 --> 00:09:37,560
Speaker 1: can go up as a result. Those opportunities are there,

173
00:09:37,679 --> 00:09:40,000
Speaker 1: and most people are not talking about them or thinking

174
00:09:40,000 --> 00:09:44,120
Speaker 1: about it, and things are going to get better in

175
00:09:44,160 --> 00:09:46,520
Speaker 1: twenty twenty one for a couple of reasons, but this

176
00:09:46,600 --> 00:09:48,080
Speaker 1: is one of the main ones. The same Thank you

177
00:09:48,120 --> 00:09:51,679
Speaker 1: for this heads up. Private equity has two point seven

178
00:09:51,760 --> 00:09:55,120
Speaker 1: trillion dollars waiting to be deployed.

179
00:09:56,320 --> 00:09:56,600
Speaker 2: Now.

180
00:09:56,880 --> 00:09:59,920
Speaker 1: Housing inventory is only about two and a half months,

181
00:10:00,400 --> 00:10:01,880
Speaker 1: so we may have a little bit of a slight

182
00:10:01,920 --> 00:10:04,720
Speaker 1: dip there, not a full crash, and then commercial but

183
00:10:04,920 --> 00:10:09,040
Speaker 1: when they start deploying capital as a result, it's going

184
00:10:09,120 --> 00:10:11,680
Speaker 1: to push the market up as well. But I want

185
00:10:11,679 --> 00:10:15,120
Speaker 1: to remind you, I want you to long term invest first,

186
00:10:15,360 --> 00:10:18,280
Speaker 1: then trade. I know trading is sexier, but some of

187
00:10:18,280 --> 00:10:20,319
Speaker 1: you are going to look up in three years and

188
00:10:20,840 --> 00:10:23,000
Speaker 1: even like, let's be honest, type yes in chat if

189
00:10:23,000 --> 00:10:25,840
Speaker 1: you lost trades this year and trade and trading that

190
00:10:25,960 --> 00:10:28,640
Speaker 1: if you would have just bought the actual asset you

191
00:10:28,640 --> 00:10:31,000
Speaker 1: would have been better off. Please put yes in chat.

192
00:10:33,120 --> 00:10:34,640
Speaker 1: And this is the main reason why I'm going to

193
00:10:34,679 --> 00:10:37,480
Speaker 1: tell you not to worry about what happens tomorrow. I

194
00:10:37,520 --> 00:10:39,000
Speaker 1: want you to look at this graph a zeem. I

195
00:10:39,000 --> 00:10:42,440
Speaker 1: appreciate you. Look what happens even if we have a

196
00:10:42,480 --> 00:10:46,079
Speaker 1: split government. What the average return is everybody type in

197
00:10:46,160 --> 00:10:53,400
Speaker 1: chat thirteen point one in zoom and YouTube. Look at

198
00:10:53,400 --> 00:10:57,120
Speaker 1: these numbers here and with the Republican president nine point

199
00:10:57,240 --> 00:11:01,760
Speaker 1: five three percent Democrat, we can see what the numbers are.

200
00:11:02,640 --> 00:11:06,600
Speaker 1: So historically Democrats have pushed the market up a little

201
00:11:06,600 --> 00:11:08,800
Speaker 1: bit more and GDP has been better, but taxes have

202
00:11:08,840 --> 00:11:12,880
Speaker 1: been higher. They kind of wash each other out. Regardless

203
00:11:12,920 --> 00:11:14,840
Speaker 1: of who is president, the market is still going to

204
00:11:14,840 --> 00:11:17,400
Speaker 1: go up the same age to twelve percent. There isn't

205
00:11:17,400 --> 00:11:19,600
Speaker 1: that much to worry about. These next couple of days

206
00:11:19,640 --> 00:11:22,160
Speaker 1: will be crazy, but when January comes, you got guys

207
00:11:22,160 --> 00:11:26,200
Speaker 1: don't care. But going back to fundamentals, some of you

208
00:11:26,240 --> 00:11:27,839
Speaker 1: have asked what do I look for? I appreciate this

209
00:11:28,400 --> 00:11:31,760
Speaker 1: lobby through me earlier, but I'm looking at revenue and

210
00:11:31,840 --> 00:11:34,800
Speaker 1: if you can guess and chat what company this is,

211
00:11:36,320 --> 00:11:38,439
Speaker 1: and it's obvious, I'll be happy to cash up you

212
00:11:38,440 --> 00:11:43,160
Speaker 1: one hundred dollars tonight. I'm looking at revenue, net income,

213
00:11:43,840 --> 00:11:49,640
Speaker 1: cost of goods sold, and gross profit. This lets me

214
00:11:49,720 --> 00:11:54,559
Speaker 1: know how well a company is doing. This lets me know.

215
00:11:54,679 --> 00:11:57,240
Speaker 1: Now you can dig deep and go twenty columns deep,

216
00:11:57,520 --> 00:11:59,400
Speaker 1: but these are the main four. I want to see

217
00:11:59,440 --> 00:12:02,080
Speaker 1: a company with good revenue, good and net income. It

218
00:12:02,120 --> 00:12:04,880
Speaker 1: doesn't cost that much to move those goods, and they

219
00:12:04,880 --> 00:12:08,560
Speaker 1: have good gross profit as a result. And I know

220
00:12:08,559 --> 00:12:10,240
Speaker 1: you guys are probably gonna brek zoom in a second,

221
00:12:10,600 --> 00:12:15,400
Speaker 1: but I'll be sure to cash up you because you

222
00:12:15,440 --> 00:12:18,040
Speaker 1: know they're gonna be emailing. Troy twelve thirty em said

223
00:12:18,080 --> 00:12:21,520
Speaker 1: he was going, I got you guys leave jetting alone?

224
00:12:21,960 --> 00:12:22,640
Speaker 4: How many times?

225
00:12:22,720 --> 00:12:22,880
Speaker 3: Right?

226
00:12:23,400 --> 00:12:26,839
Speaker 1: Yeah, It's like, come on, how to avoid a board trap?

227
00:12:27,040 --> 00:12:29,880
Speaker 1: So when the market runs up and then all of

228
00:12:29,920 --> 00:12:31,679
Speaker 1: a sudden you see people that are better that are

229
00:12:31,679 --> 00:12:33,960
Speaker 1: worse invested than you, they caught a great move and

230
00:12:34,000 --> 00:12:37,160
Speaker 1: we all get fomo, how can you avoid getting caught

231
00:12:37,160 --> 00:12:40,240
Speaker 1: in this trap? I want you to stay away from

232
00:12:40,280 --> 00:12:44,840
Speaker 1: one to nine percent from the high mark, off ten

233
00:12:44,880 --> 00:12:48,840
Speaker 1: percent and twenty percent down from wherever that high is.

234
00:12:49,080 --> 00:12:51,800
Speaker 1: And even if you're not using technicals that will give

235
00:12:51,840 --> 00:12:57,040
Speaker 1: you an idea of where to get in. Sometimes the

236
00:12:57,080 --> 00:12:58,640
Speaker 1: stock could be at fifty bucks and you guys are

237
00:12:58,640 --> 00:13:00,160
Speaker 1: buying it at forty eight and they're like, hey, what

238
00:13:00,240 --> 00:13:02,800
Speaker 1: do you think. I'm like, it's gonna slide down. You

239
00:13:02,880 --> 00:13:05,240
Speaker 1: have to give it room to breathe, no matter, even Tesla.

240
00:13:05,440 --> 00:13:07,280
Speaker 1: Tesla had a great run up and then you can

241
00:13:07,280 --> 00:13:09,880
Speaker 1: see it pulled back Apple, same thing we were debating

242
00:13:09,880 --> 00:13:10,760
Speaker 1: about there earlier.

243
00:13:11,080 --> 00:13:11,320
Speaker 5: Yep.

244
00:13:12,200 --> 00:13:15,520
Speaker 1: The price always comes down if you wait for it

245
00:13:16,520 --> 00:13:18,400
Speaker 1: and check this out. This is the greater example of

246
00:13:18,440 --> 00:13:22,280
Speaker 1: like why indexing works and also shows why the market

247
00:13:22,360 --> 00:13:26,920
Speaker 1: is being artificially inflated. This is the Zimbabwe Industrial Index.

248
00:13:27,240 --> 00:13:33,440
Speaker 1: This looks like Tesla. I will give you five hundred

249
00:13:33,440 --> 00:13:36,120
Speaker 1: dollars in cash app without googling if you can name

250
00:13:36,160 --> 00:13:40,400
Speaker 1: me two companies and the Zimbabwe Industry Index you can't.

251
00:13:40,480 --> 00:13:45,480
Speaker 1: But they also benefited from all the quantitative easing. The

252
00:13:45,480 --> 00:13:48,080
Speaker 1: market is not fair. The market is rigged to stay up.

253
00:13:48,240 --> 00:13:51,520
Speaker 1: Quantitative easing, like you talked about in episode seventy, is

254
00:13:51,520 --> 00:13:55,520
Speaker 1: that lever that pushes it up. It's straight up. This

255
00:13:55,600 --> 00:13:59,559
Speaker 1: is like a tech company. There are some tech companies

256
00:13:59,559 --> 00:14:02,679
Speaker 1: that have more value in them alone than the GDP

257
00:14:02,840 --> 00:14:06,000
Speaker 1: of like. But this goes to show you you cannot

258
00:14:06,000 --> 00:14:09,920
Speaker 1: fight what happens on the chart. You have to follow

259
00:14:09,920 --> 00:14:11,280
Speaker 1: a direction at all times.

260
00:14:13,840 --> 00:14:17,360
Speaker 2: My graduates from my school being forced back.

261
00:14:17,520 --> 00:14:22,440
Speaker 1: Drop bag drop Mike, drop bad drop drop.

262
00:14:33,000 --> 00:14:35,720
Speaker 3: Coach, The energy out there felt different. What changed for

263
00:14:35,760 --> 00:14:36,400
Speaker 3: the team today?

264
00:14:36,480 --> 00:14:38,640
Speaker 2: It was the new game day scratches from the California

265
00:14:38,680 --> 00:14:42,040
Speaker 2: Lottery players, everything. Those games sent the team's energy through

266
00:14:42,080 --> 00:14:42,400
Speaker 2: the roof.

267
00:14:42,480 --> 00:14:44,440
Speaker 3: Are you saying it was the off field play that

268
00:14:44,520 --> 00:14:45,640
Speaker 3: made the difference on the field.

269
00:14:45,720 --> 00:14:48,440
Speaker 2: Hey, little play makes your day, and today it made

270
00:14:48,480 --> 00:14:50,600
Speaker 2: the game. That's all for now, Coach.

271
00:14:50,720 --> 00:14:53,400
Speaker 3: One more question played the new Los Angeles Chargers, San

272
00:14:53,400 --> 00:14:56,400
Speaker 3: Francisco forty nine Ers and Los Angeles Rams scratchers from

273
00:14:56,400 --> 00:14:59,240
Speaker 3: the California Lottery. A little play can make your day.

274
00:15:00,000 --> 00:15:01,800
Speaker 3: Pease play responsiblely. Must be eighteen years or older to

275
00:15:01,840 --> 00:15:02,680
Speaker 3: purchase play or claim