1 00:00:01,280 --> 00:00:03,520 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:03,920 --> 00:00:06,680 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:06,880 --> 00:00:10,719 Speaker 1: and sure they definitely can be, but understanding of professionals 4 00:00:10,800 --> 00:00:14,080 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,440 --> 00:00:18,079 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,560 --> 00:00:21,360 Speaker 1: It might seem boring to save, plan and make calculated 7 00:00:21,400 --> 00:00:24,479 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,520 --> 00:00:27,840 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:27,960 --> 00:00:32,800 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,840 --> 00:00:35,479 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,520 --> 00:00:38,760 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,159 --> 00:00:41,360 Speaker 1: National Association Member FDIC. 13 00:00:43,159 --> 00:00:44,760 Speaker 2: What's the belief you've changed your mind on. 14 00:00:49,520 --> 00:00:53,440 Speaker 3: That we shouldn't look more at stocks to the sub 15 00:00:53,880 --> 00:00:57,400 Speaker 3: twenty five bucks because given us interest rate and this 16 00:00:57,480 --> 00:01:00,720 Speaker 3: is only for the Trump administration, they're gonna give you 17 00:01:00,760 --> 00:01:04,240 Speaker 3: a scenario with interest rates and because now it's crazy 18 00:01:05,160 --> 00:01:07,600 Speaker 3: like even if you take saying Disk and Micron right, 19 00:01:08,680 --> 00:01:11,119 Speaker 3: the big companies have found a way to get meme 20 00:01:11,360 --> 00:01:15,279 Speaker 3: like games out of the market, so the meme stocks 21 00:01:15,280 --> 00:01:19,800 Speaker 3: don't even matter. So with that being said, I used 22 00:01:19,840 --> 00:01:22,240 Speaker 3: to have a notion that I wouldn't look at a 23 00:01:22,240 --> 00:01:25,080 Speaker 3: stock below a certain price threshold. 24 00:01:25,200 --> 00:01:26,960 Speaker 4: That still applies if it's under ten bucks. 25 00:01:26,959 --> 00:01:30,120 Speaker 3: But some sub twenty five dollars stock we should look 26 00:01:30,160 --> 00:01:32,520 Speaker 3: at because they can probably give us a four or 27 00:01:32,560 --> 00:01:34,480 Speaker 3: five hundred percent return. I would look at them as 28 00:01:34,480 --> 00:01:37,240 Speaker 3: a swing trade, not a five to ten year old. 29 00:01:37,720 --> 00:01:39,880 Speaker 4: But the notion of sub twenty. 30 00:01:39,640 --> 00:01:42,280 Speaker 3: Five dollars stocks being of no value is something that 31 00:01:42,319 --> 00:01:45,560 Speaker 3: I've changed my mind on for when Trump is in office. 32 00:01:49,320 --> 00:01:51,040 Speaker 1: All Right, I'm gonna go be I'm gonna be very 33 00:01:51,040 --> 00:01:54,920 Speaker 1: specific with this one. Okay, Yeah, So this is a 34 00:01:54,960 --> 00:01:57,880 Speaker 1: belief that I changed my mind on. If you've been 35 00:01:57,920 --> 00:02:01,480 Speaker 1: a market Monday's Day one, put some fires in the chat. 36 00:02:01,480 --> 00:02:04,160 Speaker 4: Please, No, you're not going to do this, No you're not. 37 00:02:05,080 --> 00:02:10,440 Speaker 1: I'm coming yeah, yeah, stepping to the front of the conversation, listen. 38 00:02:11,960 --> 00:02:13,639 Speaker 4: For years, don't do this. 39 00:02:14,720 --> 00:02:17,160 Speaker 1: I mean we got to do it for years when 40 00:02:17,160 --> 00:02:22,079 Speaker 1: we talked about this streaming situation, maybe a few years, 41 00:02:22,160 --> 00:02:24,680 Speaker 1: not that many, but I said there was a company 42 00:02:24,760 --> 00:02:27,800 Speaker 1: that could potentially challenge the number one spot of Netflix. 43 00:02:28,720 --> 00:02:37,679 Speaker 1: That company was Disney. I no longer believe Disney. Yeah, no, Disney, 44 00:02:39,160 --> 00:02:40,640 Speaker 1: and not all of Disney. 45 00:02:40,760 --> 00:02:40,919 Speaker 4: Right. 46 00:02:41,160 --> 00:02:46,440 Speaker 1: The parks have rebounded, licensing has rebounded, your license on fire. 47 00:02:47,440 --> 00:02:50,320 Speaker 1: The streaming has not worked out the way that we 48 00:02:50,400 --> 00:02:55,679 Speaker 1: thought it would. The ESP and fiasco didn't work out 49 00:02:55,680 --> 00:02:58,280 Speaker 1: the way that we thought it would. I looked at 50 00:02:58,280 --> 00:03:00,760 Speaker 1: a chart. I was watching this clip on on Instagram, 51 00:03:00,919 --> 00:03:03,080 Speaker 1: and it put out the thirty year history of the 52 00:03:03,200 --> 00:03:05,880 Speaker 1: S and P and the thirty year history of Disney, 53 00:03:06,880 --> 00:03:11,720 Speaker 1: and there was no metric thirty year, twenty year, fifteen, 54 00:03:12,280 --> 00:03:14,360 Speaker 1: ten years that Disney has. 55 00:03:14,280 --> 00:03:17,560 Speaker 4: Outperformed the S and P. That's insane, bro. 56 00:03:20,440 --> 00:03:24,440 Speaker 1: So it breaks the question should Disney have gone into 57 00:03:24,480 --> 00:03:28,799 Speaker 1: streaming or should it have just stuck with license in there, 58 00:03:29,760 --> 00:03:33,280 Speaker 1: ip out to streamers and just taking that revenue and 59 00:03:33,320 --> 00:03:36,320 Speaker 1: perhaps expanded in other areas. 60 00:03:36,360 --> 00:03:37,280 Speaker 4: It's a good question. 61 00:03:37,520 --> 00:03:40,360 Speaker 1: I understand why they went into it because of the 62 00:03:40,400 --> 00:03:42,880 Speaker 1: content that they had and seeing that ask where it 63 00:03:42,960 --> 00:03:47,000 Speaker 1: was headed. But I don't think that it will be 64 00:03:47,720 --> 00:03:50,760 Speaker 1: the number two it is now in terms of subscribership, 65 00:03:51,080 --> 00:03:53,920 Speaker 1: but that hasn't grown over the past couple of quarters. 66 00:03:54,920 --> 00:03:57,920 Speaker 1: So I've changed my mind on thinking that it could 67 00:03:57,920 --> 00:04:00,560 Speaker 1: potentially be number one. I no longer think that I 68 00:04:00,560 --> 00:04:03,880 Speaker 1: think it'll it'll settle in here and they'll they'll try 69 00:04:03,880 --> 00:04:05,600 Speaker 1: to figure out who the next CEO is going to be. 70 00:04:06,880 --> 00:04:09,120 Speaker 1: I took it out the portfolio maybe two years ago, 71 00:04:10,080 --> 00:04:12,880 Speaker 1: but the idea of it becoming number one in this near. 72 00:04:12,720 --> 00:04:14,000 Speaker 4: Future, I don't see it. 73 00:04:14,040 --> 00:04:15,000 Speaker 1: So I've changed my mind on. 74 00:04:15,000 --> 00:04:24,320 Speaker 4: That, not literally, but not not literally. Yeah, yeah, what 75 00:04:24,400 --> 00:04:24,719 Speaker 4: about you. 76 00:04:26,839 --> 00:04:30,960 Speaker 2: I think it's a it's a situation of not necessarily. 77 00:04:31,080 --> 00:04:32,880 Speaker 4: Like changed my mind. 78 00:04:33,080 --> 00:04:35,000 Speaker 2: But you know, a lot of times, especially when you 79 00:04:35,040 --> 00:04:38,960 Speaker 2: when you first teach people about stocks, a common thing 80 00:04:39,120 --> 00:04:43,839 Speaker 2: is to say, invest in companies that you know in use. 81 00:04:45,440 --> 00:04:48,120 Speaker 2: It's even Warren Buffet's strategy, and obviously you know he's 82 00:04:48,160 --> 00:04:52,200 Speaker 2: a legend, but it's not always necessarily the best way 83 00:04:52,279 --> 00:04:55,520 Speaker 2: to go about it because one of the common things 84 00:04:55,560 --> 00:05:00,120 Speaker 2: is Nike, and that hasn't worked out. So I I 85 00:05:00,120 --> 00:05:02,680 Speaker 2: think instead of saying I think you can still keep 86 00:05:02,720 --> 00:05:06,800 Speaker 2: it simple for people, but instead of saying, invest in 87 00:05:06,800 --> 00:05:10,640 Speaker 2: the companies that you use every day, I think, invest 88 00:05:10,680 --> 00:05:15,600 Speaker 2: in the companies that you think the world needs. So 89 00:05:15,880 --> 00:05:19,440 Speaker 2: that's different because I could wear Nikes every single day, 90 00:05:20,080 --> 00:05:23,360 Speaker 2: but the world doesn't need Nike. If Nike disappeared today, 91 00:05:24,360 --> 00:05:27,839 Speaker 2: that means more people just gonna buy Adidas or rebod 92 00:05:27,920 --> 00:05:30,839 Speaker 2: It's not like they haven't that they're not providing a 93 00:05:30,960 --> 00:05:34,360 Speaker 2: service that could potentially collapse the financial system, or could 94 00:05:34,360 --> 00:05:37,719 Speaker 2: potentially collapse the agricultural system, or could potentially collapse the 95 00:05:37,720 --> 00:05:43,360 Speaker 2: political system, or could potentially could potentially collapse the environmental system. 96 00:05:43,600 --> 00:05:46,480 Speaker 2: They're not They're not right. And that's why I love 97 00:05:46,560 --> 00:05:50,800 Speaker 2: QQQ invest with Invesco because all of those tech companies, 98 00:05:51,320 --> 00:05:53,479 Speaker 2: it's not just investing in tech for the sake of it, 99 00:05:53,680 --> 00:05:57,359 Speaker 2: Like the vast majority of those companies are providing services 100 00:05:57,440 --> 00:06:00,440 Speaker 2: that if they want a way today the world, the 101 00:06:00,520 --> 00:06:02,039 Speaker 2: world would would be in. 102 00:06:02,040 --> 00:06:02,920 Speaker 4: A very different point. 103 00:06:03,400 --> 00:06:05,000 Speaker 2: Like we talked about Apple a lot, but if we 104 00:06:05,040 --> 00:06:08,360 Speaker 2: take every Apple product away from today, it's gonna it's 105 00:06:08,400 --> 00:06:10,840 Speaker 2: gonna have a major impact on the world. Of course, 106 00:06:10,880 --> 00:06:13,440 Speaker 2: the chips, when you talk about n Video and TSM 107 00:06:13,480 --> 00:06:16,159 Speaker 2: and you know, Eli Lilly, when you talk about the 108 00:06:16,279 --> 00:06:20,240 Speaker 2: healthcare industry, and that's the biggest, you know, industry in 109 00:06:20,279 --> 00:06:22,400 Speaker 2: the world as far as America. We spend more money 110 00:06:22,400 --> 00:06:26,000 Speaker 2: on healthcare than any other industry. So I think looking 111 00:06:26,000 --> 00:06:29,159 Speaker 2: at it from that standpoint, it's easier to kind of 112 00:06:29,160 --> 00:06:32,800 Speaker 2: relay to talk to anybody, but especially people that have 113 00:06:32,920 --> 00:06:37,800 Speaker 2: never invested before. It may not be as simple as 114 00:06:37,920 --> 00:06:41,279 Speaker 2: just telling somebody, you know, if you brush your teeth 115 00:06:41,320 --> 00:06:43,279 Speaker 2: for coogate, look, you know by colder Like. It's not 116 00:06:43,480 --> 00:06:48,400 Speaker 2: as simple as that, but it's still relatively easy to understand. 117 00:06:48,480 --> 00:06:52,080 Speaker 2: But I think that that's that's a little misleading when 118 00:06:52,120 --> 00:06:54,800 Speaker 2: you say invest in companies that you that you know 119 00:06:54,839 --> 00:06:58,040 Speaker 2: and you love, because you could love a bad company 120 00:06:58,160 --> 00:06:58,599 Speaker 2: for sure. 121 00:07:00,240 --> 00:07:02,440 Speaker 4: Yeah, just like you can be in love with a 122 00:07:02,480 --> 00:07:04,000 Speaker 4: bad person and I'll let it go. You gotta let 123 00:07:04,040 --> 00:07:08,720 Speaker 4: this s you go. Yeah. Target another example, Tim Cookboard 124 00:07:08,720 --> 00:07:12,480 Speaker 4: a millionsharees exactly. You gotta Target every day. Yeah, even 125 00:07:12,480 --> 00:07:14,560 Speaker 4: though y'all shouldn't. Some of y'all. 126 00:07:16,160 --> 00:07:21,400 Speaker 5: Don't let you want. Brian Palatin Peloton Poton Peloton. We're 127 00:07:21,400 --> 00:07:23,120 Speaker 5: not even gonna bring up the Peloton Peloton. He was 128 00:07:23,120 --> 00:07:26,040 Speaker 5: just gonna let that go. We're gonna continue to use 129 00:07:26,040 --> 00:07:30,200 Speaker 5: the device Peloton, Yo, Tim Cookboard a millionshare is a 130 00:07:30,280 --> 00:07:30,680 Speaker 5: Nike man. 131 00:07:30,960 --> 00:07:36,640 Speaker 4: But here on the board, I know, Mar Yeah. 132 00:07:37,040 --> 00:07:39,920 Speaker 1: Yeah, I'm with you on that. I think that the 133 00:07:40,000 --> 00:07:44,280 Speaker 1: idea of doing the things you like investing the things 134 00:07:44,320 --> 00:07:46,800 Speaker 1: you like is the idea of somebody who has never 135 00:07:46,840 --> 00:07:49,480 Speaker 1: heard of stocks? What are the things and in cinema companies, 136 00:07:49,520 --> 00:07:52,880 Speaker 1: but the necessity is the most important thing. Ern what's up? 137 00:07:52,960 --> 00:07:55,440 Speaker 1: You ever walk into a small business and everything just 138 00:07:55,600 --> 00:07:58,760 Speaker 1: works like the checkout is fast or seats of digital 139 00:07:59,320 --> 00:08:02,280 Speaker 1: tipping is a breeze and you're out the door before 140 00:08:02,280 --> 00:08:06,440 Speaker 1: the line even builds odds are they're using Square? We 141 00:08:06,600 --> 00:08:09,160 Speaker 1: love supporting businesses that run on Square because it just 142 00:08:09,200 --> 00:08:12,440 Speaker 1: feels seamless. Whether it's a local coffee shop, a vendor 143 00:08:12,480 --> 00:08:14,720 Speaker 1: at a pop up market, or even one of our 144 00:08:14,800 --> 00:08:18,480 Speaker 1: merch partners. 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