WEBVTT - Cliff Notes - TOP 7 MISTAKES THAT INVESTORS MAKE

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<v Speaker 1>So here are the top seven mistakes that investors make.

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<v Speaker 1>This is regardless of what's happening in the geopolitical climate. Right.

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<v Speaker 1>So you can't control who's in office unless you're a

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<v Speaker 1>lobbyist or part of a super pac. But you can't

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<v Speaker 1>control how you invest, what you invest in, what you intake,

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<v Speaker 1>and how you execute. So Number one, We've talked about

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<v Speaker 1>this at nauseam, but not buying quality companies is the

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<v Speaker 1>biggest mistake that people make. Number two the thing that

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<v Speaker 1>I'm seeing the most, that is the most disturbing. You're

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<v Speaker 1>going to look back in six years or five years

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<v Speaker 1>and be like, damn, I should have listened to you,

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<v Speaker 1>Troy Rashad and Q I had a good play and

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<v Speaker 1>I held it for six months instead of five years.

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<v Speaker 1>Not holding is one of the biggest mistakes you'll make,

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<v Speaker 1>especially coming out of this era and riding it into

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<v Speaker 1>twenty twenty five or twenty thirty. Number three, this is

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<v Speaker 1>not nineteen fifty. We keep having these conversations. Is it

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<v Speaker 1>fundamentals or technicals, It's both, it's both. According to where

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<v Speaker 1>the economy is, the dow should be at ten thousand.

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<v Speaker 1>The dow Es are still doing relatively well, tech is

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<v Speaker 1>over inflated, of course, but they shot up like crazy.

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<v Speaker 1>And I'm going to show you a chart later that

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<v Speaker 1>is a prime example of how over inflated we are.

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<v Speaker 1>And at the same time, you have to take advantage

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<v Speaker 1>of voice in front of you, because if you just

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<v Speaker 1>try to time the market solely off of fundamentals, we

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<v Speaker 1>saw this with earnings with Apple. Apple beat earnings and

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<v Speaker 1>fell four minutes later to the downside. So it's not

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<v Speaker 1>if you have great if your earnings are great, that

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<v Speaker 1>you're always going to go up. And you guys have

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<v Speaker 1>seen the opposite, like companies have missed earnings and then

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<v Speaker 1>shot up because the earnings and miss wasn't as bad

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<v Speaker 1>as a projection. Number four, Please stop buying at a high.

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<v Speaker 1>I don't care how hot it is. I don't care

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<v Speaker 1>how many people are talking about it in Discord and Instagram.

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<v Speaker 1>And I'll give you the exact calculation. I'm gonna tap

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<v Speaker 1>into my Bonamin vibes later and give you the exact

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<v Speaker 1>calculation to stay away from. But stop buying at a high.

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<v Speaker 1>Number five fall off with the hype of a non

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<v Speaker 1>revenue generating company. Rust in peace of Nikro and no

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<v Speaker 1>matter how many times we have to tell you it's

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<v Speaker 1>no good. It's all the fame.

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<v Speaker 2>Dead.

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<v Speaker 3>It is dead.

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<v Speaker 1>I'm going to use the is this time. Number six,

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<v Speaker 1>trading too much instead of actually investing. I used to

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<v Speaker 1>have a conversation with a guy that I knew in

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<v Speaker 1>the past, and he was like, well, if you do

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<v Speaker 1>well enough from trading, you shouldn't even need to long

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<v Speaker 1>term invest. And my thing was, okay, but if something

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<v Speaker 1>happens to you, if you die, you get sick, you

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<v Speaker 1>then won't be able to produce returns. You want the

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<v Speaker 1>business to make money regardless if you're if you're in

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<v Speaker 1>it or not. And also, you can't teach your kids

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<v Speaker 1>how to trade at the same proficiency if you're a

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<v Speaker 1>great trader, because the hunger that you have to escape

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<v Speaker 1>poverty is not there if they have already been living

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<v Speaker 1>in life is going on for them. You have to

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<v Speaker 1>do both. And number seven, it's one of the biggest

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<v Speaker 1>mistakes not researching what the outcome of your asset allocation

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<v Speaker 1>is going to be. You guys need to go online

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<v Speaker 1>and pull up an asset allocation calculator and look back

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<v Speaker 1>on the past five or ten years and with your

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<v Speaker 1>portfolio that you're picking you should have an average expectation,

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<v Speaker 1>know what it's going to be.

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<v Speaker 4>I know this.

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<v Speaker 1>All this is feeling that the market is mystical and

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<v Speaker 1>no one knows what it's going to do. That's a lie.

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<v Speaker 1>They told you at six thirty this morning the Dow

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<v Speaker 1>is going to go up four hundred points, and guess

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<v Speaker 1>what it did? Went up four hundred points. All this technology,

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<v Speaker 1>they know where the market is going to go. So

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<v Speaker 1>please know before you invest in Tesla, and if you

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<v Speaker 1>pair that with XLK and VTI, and if you also

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<v Speaker 1>paired that with g just because you don't want to

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<v Speaker 1>listen afford what the outcome is going to be for

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<v Speaker 1>my traders. The biggest mistakes that you make and I'll

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<v Speaker 1>keep this simple because I'll talk about this every day

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<v Speaker 1>in the trade room, but not knowing what target you're

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<v Speaker 1>going to use every single day, type and chat what's

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<v Speaker 1>your percentage based outcome is going to be for every

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<v Speaker 1>trade that you take, two trading at the wrong times,

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<v Speaker 1>three having to search for what to trade. I'm going

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<v Speaker 1>to give you a quick secret. You should trade the

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<v Speaker 1>same few things every single day. So if your commodities traded,

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<v Speaker 1>trade commodities, if you're index index traded trade that if

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<v Speaker 1>you trade natural grass or crew trade that, but you

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<v Speaker 1>should not be scanning and looking for new things to

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<v Speaker 1>trade all the time. And then number four, the one

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<v Speaker 1>thing that no one wants to hear is most traders

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<v Speaker 1>take too many trades per year. So I got this

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<v Speaker 1>out the Amazing Eyo group, and I took your name

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<v Speaker 1>out because I don't want the whole world blowing you up. Right,

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<v Speaker 1>But look at this when you actually check your fees.

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<v Speaker 1>This queen was paying four percent in fees add it

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<v Speaker 1>and it's unnecessary. Now, four percent to some does not

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<v Speaker 1>seem like a lot, but if you look over fifteen years,

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<v Speaker 1>that's sixty percent in additional fees that are not necessary.

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<v Speaker 1>So please type in yes if you have done a

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<v Speaker 1>check on your fall one K or any of your

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<v Speaker 1>retirement and if you had a console or a shot.

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<v Speaker 1>He's already walked it through this process. Eric, Kudos to you.

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<v Speaker 1>The VIX is important because the VIX has hit forty

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<v Speaker 1>seven twelve key time since nineteen eighty seven. Your homework

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<v Speaker 1>for tonight is I want you to tell me next

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<v Speaker 1>week and if you find it tonight, great. What is

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<v Speaker 1>the average return on investment in the indexes after Vix

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<v Speaker 1>goes to forty six. So here's a little lesson for you.

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<v Speaker 1>You can take the average of each time, divide it

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<v Speaker 1>by twelve bond and one vibes, and then it'll be

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<v Speaker 1>able to tell you how far the market is going

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<v Speaker 1>to go up from the time that it hits forty seven.

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<v Speaker 1>You have to plan for disaster before it reaches your doorstep.

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<v Speaker 1>So when to forty one other day, everyone pattis like,

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<v Speaker 1>what are we going to do? I'm like, you should

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<v Speaker 1>already know how far it's going to retrace base off

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<v Speaker 1>of those levels For our commodities bugs, It's tell me

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<v Speaker 1>that we don't cover commodities enough. Look at this right here.

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<v Speaker 1>Commodities are at a opportune time because of COVID. So

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<v Speaker 1>when I tell you guys, go look at every asset class,

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<v Speaker 1>even international So if you look at the Nike but Vesta,

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<v Speaker 1>there are opportunities there that you could potentially take advantage of.

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<v Speaker 1>But you need to look at the commodities across the

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<v Speaker 1>board to see which ones that are lows and that

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<v Speaker 1>can go up as a result. Those opportunities are there,

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<v Speaker 1>and most people are not talking about them or thinking

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<v Speaker 1>about it, and things are going to get better in

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<v Speaker 1>twenty twenty one for a couple of reasons, but this

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<v Speaker 1>is one of the main ones. The same Thank you

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<v Speaker 1>for this heads up. Private equity has two point seven

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<v Speaker 1>trillion dollars waiting to be deployed.

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<v Speaker 2>Now.

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<v Speaker 1>Housing inventory is only about two and a half months,

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<v Speaker 1>so we may have a little bit of a slight

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<v Speaker 1>dip there, not a full crash, and then commercial but

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<v Speaker 1>when they start deploying capital as a result, it's going

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<v Speaker 1>to push the market up as well. But I want

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<v Speaker 1>to remind you, I want you to long term invest first,

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<v Speaker 1>then trade. I know trading is sexier, but some of

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<v Speaker 1>you are going to look up in three years and

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<v Speaker 1>even like, let's be honest, type yes in chat if

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<v Speaker 1>you lost trades this year and trade and trading that

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<v Speaker 1>if you would have just bought the actual asset you

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<v Speaker 1>would have been better off. Please put yes in chat.

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<v Speaker 1>And this is the main reason why I'm going to

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<v Speaker 1>tell you not to worry about what happens tomorrow. I

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<v Speaker 1>want you to look at this graph a zeem. I

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<v Speaker 1>appreciate you. Look what happens even if we have a

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<v Speaker 1>split government. What the average return is everybody type in

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<v Speaker 1>chat thirteen point one in zoom and YouTube. Look at

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<v Speaker 1>these numbers here and with the Republican president nine point

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<v Speaker 1>five three percent Democrat, we can see what the numbers are.

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<v Speaker 1>So historically Democrats have pushed the market up a little

0:11:06.600 --> 0:11:08.800
<v Speaker 1>bit more and GDP has been better, but taxes have

0:11:08.840 --> 0:11:12.880
<v Speaker 1>been higher. They kind of wash each other out. Regardless

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<v Speaker 1>of who is president, the market is still going to

0:11:14.840 --> 0:11:17.400
<v Speaker 1>go up the same age to twelve percent. There isn't

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<v Speaker 1>that much to worry about. These next couple of days

0:11:19.640 --> 0:11:22.160
<v Speaker 1>will be crazy, but when January comes, you got guys

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<v Speaker 1>don't care. But going back to fundamentals, some of you

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<v Speaker 1>have asked what do I look for? I appreciate this

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<v Speaker 1>lobby through me earlier, but I'm looking at revenue and

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<v Speaker 1>if you can guess and chat what company this is,

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<v Speaker 1>and it's obvious, I'll be happy to cash up you

0:11:38.440 --> 0:11:43.160
<v Speaker 1>one hundred dollars tonight. I'm looking at revenue, net income,

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<v Speaker 1>cost of goods sold, and gross profit. This lets me

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<v Speaker 1>know how well a company is doing. This lets me know.

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<v Speaker 1>Now you can dig deep and go twenty columns deep,

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<v Speaker 1>but these are the main four. I want to see

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<v Speaker 1>a company with good revenue, good and net income. It

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<v Speaker 1>doesn't cost that much to move those goods, and they

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<v Speaker 1>have good gross profit as a result. And I know

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<v Speaker 1>you guys are probably gonna brek zoom in a second,

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<v Speaker 1>but I'll be sure to cash up you because you

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<v Speaker 1>know they're gonna be emailing. Troy twelve thirty em said

0:12:18.080 --> 0:12:21.520
<v Speaker 1>he was going, I got you guys leave jetting alone?

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<v Speaker 4>How many times?

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<v Speaker 3>Right?

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<v Speaker 1>Yeah, It's like, come on, how to avoid a board trap?

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<v Speaker 1>So when the market runs up and then all of

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<v Speaker 1>a sudden you see people that are better that are

0:12:31.679 --> 0:12:33.960
<v Speaker 1>worse invested than you, they caught a great move and

0:12:34.000 --> 0:12:37.160
<v Speaker 1>we all get fomo, how can you avoid getting caught

0:12:37.160 --> 0:12:40.240
<v Speaker 1>in this trap? I want you to stay away from

0:12:40.280 --> 0:12:44.840
<v Speaker 1>one to nine percent from the high mark, off ten

0:12:44.880 --> 0:12:48.840
<v Speaker 1>percent and twenty percent down from wherever that high is.

0:12:49.080 --> 0:12:51.800
<v Speaker 1>And even if you're not using technicals that will give

0:12:51.840 --> 0:12:57.040
<v Speaker 1>you an idea of where to get in. Sometimes the

0:12:57.080 --> 0:12:58.640
<v Speaker 1>stock could be at fifty bucks and you guys are

0:12:58.640 --> 0:13:00.160
<v Speaker 1>buying it at forty eight and they're like, hey, what

0:13:00.240 --> 0:13:02.800
<v Speaker 1>do you think. I'm like, it's gonna slide down. You

0:13:02.880 --> 0:13:05.240
<v Speaker 1>have to give it room to breathe, no matter, even Tesla.

0:13:05.440 --> 0:13:07.280
<v Speaker 1>Tesla had a great run up and then you can

0:13:07.280 --> 0:13:09.880
<v Speaker 1>see it pulled back Apple, same thing we were debating

0:13:09.880 --> 0:13:10.760
<v Speaker 1>about there earlier.

0:13:11.080 --> 0:13:11.320
<v Speaker 5>Yep.

0:13:12.200 --> 0:13:15.520
<v Speaker 1>The price always comes down if you wait for it

0:13:16.520 --> 0:13:18.400
<v Speaker 1>and check this out. This is the greater example of

0:13:18.440 --> 0:13:22.280
<v Speaker 1>like why indexing works and also shows why the market

0:13:22.360 --> 0:13:26.920
<v Speaker 1>is being artificially inflated. This is the Zimbabwe Industrial Index.

0:13:27.240 --> 0:13:33.440
<v Speaker 1>This looks like Tesla. I will give you five hundred

0:13:33.440 --> 0:13:36.120
<v Speaker 1>dollars in cash app without googling if you can name

0:13:36.160 --> 0:13:40.400
<v Speaker 1>me two companies and the Zimbabwe Industry Index you can't.

0:13:40.480 --> 0:13:45.480
<v Speaker 1>But they also benefited from all the quantitative easing. The

0:13:45.480 --> 0:13:48.080
<v Speaker 1>market is not fair. The market is rigged to stay up.

0:13:48.240 --> 0:13:51.520
<v Speaker 1>Quantitative easing, like you talked about in episode seventy, is

0:13:51.520 --> 0:13:55.520
<v Speaker 1>that lever that pushes it up. It's straight up. This

0:13:55.600 --> 0:13:59.559
<v Speaker 1>is like a tech company. There are some tech companies

0:13:59.559 --> 0:14:02.679
<v Speaker 1>that have more value in them alone than the GDP

0:14:02.840 --> 0:14:06.000
<v Speaker 1>of like. But this goes to show you you cannot

0:14:06.000 --> 0:14:09.920
<v Speaker 1>fight what happens on the chart. You have to follow

0:14:09.920 --> 0:14:11.280
<v Speaker 1>a direction at all times.

0:14:13.840 --> 0:14:17.360
<v Speaker 2>My graduates from my school being forced back.

0:14:17.520 --> 0:14:22.440
<v Speaker 1>Drop bag drop Mike, drop bad drop drop.

0:14:33.000 --> 0:14:35.720
<v Speaker 3>Coach, The energy out there felt different. What changed for

0:14:35.760 --> 0:14:36.400
<v Speaker 3>the team today?

0:14:36.480 --> 0:14:38.640
<v Speaker 2>It was the new game day scratches from the California

0:14:38.680 --> 0:14:42.040
<v Speaker 2>Lottery players, everything. Those games sent the team's energy through

0:14:42.080 --> 0:14:42.400
<v Speaker 2>the roof.

0:14:42.480 --> 0:14:44.440
<v Speaker 3>Are you saying it was the off field play that

0:14:44.520 --> 0:14:45.640
<v Speaker 3>made the difference on the field.

0:14:45.720 --> 0:14:48.440
<v Speaker 2>Hey, little play makes your day, and today it made

0:14:48.480 --> 0:14:50.600
<v Speaker 2>the game. That's all for now, Coach.

0:14:50.720 --> 0:14:53.400
<v Speaker 3>One more question played the new Los Angeles Chargers, San

0:14:53.400 --> 0:14:56.400
<v Speaker 3>Francisco forty nine Ers and Los Angeles Rams scratchers from

0:14:56.400 --> 0:14:59.240
<v Speaker 3>the California Lottery. A little play can make your day.

0:15:00.000 --> 0:15:01.800
<v Speaker 3>Pease play responsiblely. Must be eighteen years or older to

0:15:01.840 --> 0:15:02.680
<v Speaker 3>purchase play or claim