WEBVTT - Top 10 Investment Lessons of 2022 0:00:00.160 --> 0:00:04.960 What are the top ten investment lessons of this year? 0:00:06.880 --> 0:00:07.280 For me? 0:00:09.440 --> 0:00:13.880 Defense? One pound of defense will save you ten pounds 0:00:13.920 --> 0:00:16.520 of trouble. So I know we all want the gains, 0:00:16.520 --> 0:00:20.440 but the gains that we want are baked into defense first. 0:00:20.600 --> 0:00:23.400 So please write this down. In the worst case scenario, 0:00:23.440 --> 0:00:25.000 if your life was on the line and all your 0:00:25.000 --> 0:00:27.400 money went into one investment, whether it was a cryptocurrency, 0:00:27.440 --> 0:00:31.960 a person a stock token, derivative, what is the absolute 0:00:32.040 --> 0:00:34.240 rock bottom price that you should pay to get in 0:00:34.360 --> 0:00:39.680 for it. Number two, your risk to reward ratio, especially 0:00:39.720 --> 0:00:43.000 in a recession or depression, matters even more so for me, 0:00:43.720 --> 0:00:47.680 even with people that I hire employee work with the 0:00:47.720 --> 0:00:50.240 minimum that I'm looking to receive in twenty twenty three 0:00:50.240 --> 0:00:57.640 going forward, it's eleven x. Secondly, is fifty x. Number three. 0:00:59.080 --> 0:01:01.520 Regardless of what you're investing in, you have to look 0:01:01.520 --> 0:01:04.280 at the top four and that space and don't deviate. 0:01:04.640 --> 0:01:09.119 I know we want incredible gains to the upside, and 0:01:09.160 --> 0:01:12.120 sometimes we want to gamble into space, but when the 0:01:12.200 --> 0:01:14.959 drawdown hits us and some companies are like down eighty five, 0:01:16.360 --> 0:01:20.440 it's not fun to go through. Number four. Please write 0:01:20.480 --> 0:01:23.720 this down. Please stick with your process, no matter what 0:01:23.760 --> 0:01:27.440 anyone on Earth tells you. I remember when I was 0:01:27.440 --> 0:01:30.280 telling everyone twenty thousand was coming in bitcoin and what 0:01:30.400 --> 0:01:35.080 seemed like these crazy prices and ethereum, and what if 0:01:35.480 --> 0:01:39.199 Michael Saylor's fund potentially went under. I don't want Mike's 0:01:39.200 --> 0:01:42.080 fun to go under, but it's at a level where 0:01:43.080 --> 0:01:47.120 I'm worried about margin could be called pretty soon if 0:01:47.200 --> 0:01:52.880 we have one more event, that's pretty bad for him. 0:01:53.240 --> 0:01:57.040 And the thing going back to making eleven for every 0:01:57.040 --> 0:02:00.800 dollar you put in, or making fifty twenty three to 0:02:00.880 --> 0:02:04.440 twenty twenty six. If you get eleven 's, those returns 0:02:04.440 --> 0:02:06.080 may have to stretch out for you over a three 0:02:06.160 --> 0:02:09.000 or four year period. So I don't think we may 0:02:09.040 --> 0:02:11.520 be looking at for a year over year returns. If 0:02:11.520 --> 0:02:14.079 you're not a seasoned investor, you may have to look 0:02:14.120 --> 0:02:17.120 to get gains over a two year period that will 0:02:17.160 --> 0:02:19.680 last you for or one year the last year over three. 0:02:21.040 --> 0:02:24.680 Number four. Always keep the investor in front of anything else, 0:02:25.080 --> 0:02:27.040 and hunt for an edge in a market every day. 0:02:28.000 --> 0:02:31.160 So in my walks on Wall Street in the New 0:02:31.240 --> 0:02:34.040 York stocking shames, Peter, thank you, Frankie, thank you everyone. 0:02:34.080 --> 0:02:36.000 I sit to theere, thank you. The one thing that 0:02:36.000 --> 0:02:37.600 I see amongst the traders that are really good, and 0:02:37.639 --> 0:02:39.280 there's a couple that I want to highlight. In twenty 0:02:39.320 --> 0:02:43.200 twenty three, I met a gentleman who when he initially 0:02:43.320 --> 0:02:45.280 went to a hedge fund only had three clients. He 0:02:45.360 --> 0:02:48.840 now has thirty bulk of business at almost three hundred million. 0:02:48.840 --> 0:02:50.240 I asks him what is he doing? And I'm seeing 0:02:50.280 --> 0:02:53.720 them every time that I'm there. He's literally hunting for 0:02:53.800 --> 0:02:56.600 deals for everyone and finding one way to get better 0:02:56.600 --> 0:02:59.359 in the market every day, whether it's fundamentals, whether it's 0:02:59.440 --> 0:03:02.960 technical analysis, whether it's understanding arbitrage and how to bring 0:03:03.000 --> 0:03:07.480 deals together. So hunt for one edge in the market 0:03:07.720 --> 0:03:12.079 every single day. Never give up on your macro research, 0:03:13.000 --> 0:03:17.600 even when in the face of all the noise on Twitter, Instagram, TikTok, YouTube, 0:03:17.639 --> 0:03:21.359 et cetera, that it's telling you to deviate. Because anyone 0:03:21.360 --> 0:03:23.760 who's been a season investment in more than four years 0:03:24.360 --> 0:03:28.160 felt in twenty twenty one and end of top of 0:03:28.160 --> 0:03:29.720 twenty twenty two that we were going to come down, 0:03:30.400 --> 0:03:32.520 and it may take a while for those things to 0:03:32.520 --> 0:03:35.160 come true, but here we are now and those that 0:03:35.200 --> 0:03:38.800 play defense are in an amazing position to capitalize for 0:03:39.120 --> 0:03:43.040 the next year, and I'll go to number seven. Then Troy, 0:03:43.080 --> 0:03:44.320 I'll come to you, and they were shot, and I'll 0:03:44.320 --> 0:03:47.840 circle around my last three. But it is mandatory that 0:03:47.960 --> 0:03:51.840 you know how to trade, swing, trade, and invest, because 0:03:51.840 --> 0:03:55.960 if you can't generate capital while you're going down, I 0:03:56.000 --> 0:03:58.720 don't know how you continue to invest in the market. 0:04:00.400 --> 0:04:02.560 A lot of my biases from the market comes from 0:04:02.600 --> 0:04:05.120 me being able to trade the features market and be 0:04:04.720 --> 0:04:09.680 a being able to generate the alpha on demand. But 0:04:09.800 --> 0:04:12.720 trading also helps you allow to see when a market 0:04:12.760 --> 0:04:14.480 is going to turn over faster. So like if you 0:04:14.600 --> 0:04:18.400 only long term investment, never practice trading, your entries won't 0:04:18.400 --> 0:04:21.080 be as sharp, like you're cutting with the acts opposed 0:04:21.080 --> 0:04:24.200 to a scalpel. And even though you may be taking 0:04:24.240 --> 0:04:27.080 losses in your trades, it will help your long term 0:04:27.160 --> 0:04:29.680 entries a hell of a lot better. And also being 0:04:29.720 --> 0:04:32.200 a long term investor helps you to see the trend 0:04:32.240 --> 0:04:34.599 of your trades a lot cleaner. This is why you 0:04:34.640 --> 0:04:37.480 need both. And if you can trend trade, day trade 0:04:37.520 --> 0:04:40.680 and long term invest you have a formula that will 0:04:40.680 --> 0:04:43.279 work for an eternity. So but Betray, I wanted to 0:04:43.279 --> 0:04:43.760 come to you. 0:04:44.440 --> 0:04:46.479 Yeah, I think where you left off is probably where 0:04:46.480 --> 0:04:48.560 I was gonna start, because you kind of nailed a 0:04:48.600 --> 0:04:50.200 lot of the points. But I was going to say 0:04:50.279 --> 0:04:53.120 that that point of yeah, long term investing, and that's 0:04:53.160 --> 0:04:56.240 what we do, it's what we preach. But I would 0:04:56.240 --> 0:04:57.880 say in twenty twenty two is one of those times 0:04:57.920 --> 0:04:59.400 where it was like, all right, you're gonna have to 0:05:00.080 --> 0:05:02.160 us you're playing a little bit adjust the person, all right, 0:05:02.200 --> 0:05:04.000 and so like you're gonna have you may have to 0:05:04.040 --> 0:05:05.640 make some trades. And so it wasn't even though it 0:05:05.680 --> 0:05:07.480 wasn't a lot, it was still an adjustment because I 0:05:07.560 --> 0:05:10.839 was so long term, long term, and when you're seeing 0:05:10.839 --> 0:05:14.200 your portfolio turn red a little bit and you're like, wait, 0:05:15.000 --> 0:05:18.479 there's still ways to make money in this in this environment. 0:05:18.560 --> 0:05:20.360 And so it was like, all right, I've got to 0:05:20.400 --> 0:05:22.520 learn how to you know, not even learn, but I 0:05:22.600 --> 0:05:25.719 have to actually execute on now trading and the second 0:05:25.760 --> 0:05:27.160 part of it, So that was the first part. The 0:05:27.160 --> 0:05:31.320 second part was not falling in love with sectors. Yes, 0:05:31.560 --> 0:05:34.600 so everybody knows how much we love technology, and everybody 0:05:34.600 --> 0:05:38.200 knows how much we love consumer discretionary, but it was like, 0:05:38.520 --> 0:05:41.360 there's money and to be made in these other sectors, right, 0:05:41.480 --> 0:05:44.080 Like we always say if there's a recession somewhere, or 0:05:44.080 --> 0:05:46.160 if there's a bull market somewhere, or there's a bear 0:05:46.240 --> 0:05:48.560 market in another place, and vice versa. And so it 0:05:48.680 --> 0:05:50.919 was like, all right, well, let's really lock in in 0:05:51.000 --> 0:05:53.160 some of these other sectors. Let's look at the top 0:05:53.160 --> 0:05:56.159 two or three and maybe one emerging. Like I know 0:05:56.200 --> 0:05:57.599 we say that a lot, let's look at the top 0:05:57.600 --> 0:05:59.720 two or three, but I would like that was one 0:05:59.720 --> 0:06:01.440 of the things I implement. It was like, let me 0:06:01.520 --> 0:06:04.480 find one emerging. Let me see what's one that's emerging 0:06:04.480 --> 0:06:05.440 in some of these sectors. 0:06:05.800 --> 0:06:06.640 And so it made me. 0:06:06.600 --> 0:06:10.080 A better like analyst. Right now I can see the game. 0:06:10.120 --> 0:06:12.440 I'm looking at the whole field, whereas I used to 0:06:12.480 --> 0:06:14.400 just look at a few pieces of the field, Like 0:06:14.400 --> 0:06:18.520 all right, technology good, consumer discretionary good, consumer stables pretty good, 0:06:18.839 --> 0:06:22.840 healthcare is good. Oh but what about over here? 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An MS thirteen gang member from Al Salvador 0:08:22.480 --> 0:08:26.600 accused of murdering a Texas man of Venezuelan charged with 0:08:26.680 --> 0:08:30.560 filming and selling child pornography in Michigan. These are just 0:08:30.640 --> 0:08:34.400 some of the heinous migrant criminals caught because of President 0:08:34.440 --> 0:08:38.040 Donald J. Trump's leadership. I'm Christy nom the United States 0:08:38.040 --> 0:08:42.840 Secretary of Homeland Security. Under President Trump, attempted illegal border 0:08:42.880 --> 0:08:46.440 crossings are at the lowest levels ever recorded, and over 0:08:46.480 --> 0:08:49.720 one hundred thousand illegal aliens have been arrested. If you 0:08:49.760 --> 0:08:53.640 are here illegally, your next you will be fined nearly 0:08:53.720 --> 0:08:57.760 one thousand dollars a day, imprisoned, and deported. You will 0:08:57.760 --> 0:09:01.400 never return. But if you register using our CBP home 0:09:01.480 --> 0:09:04.360 app and leave now, you could be allowed to return 0:09:04.440 --> 0:09:09.959 legally do what's right. Leave now. Under President Trump, America's laws, 0:09:10.120 --> 0:09:12.120 border and families will. 0:09:11.960 --> 0:09:14.760 Be protected sponsored by the United States Department of Homeland Security, 0:09:15.280 --> 0:09:18.000 the utilities what about that, you know what I'm saying, 0:09:18.000 --> 0:09:21.120 And so having a wider range looking at those top 0:09:21.160 --> 0:09:23.440 two but trying to find one that you know, this 0:09:23.559 --> 0:09:24.960 looks like it has some potential. 0:09:25.360 --> 0:09:26.959 I think that was one of those things too, that 0:09:27.360 --> 0:09:29.160 over the course of the past twelve months I've had 0:09:29.200 --> 0:09:30.440 to implement in my game plan. 0:09:31.160 --> 0:09:34.000 I love it, shout what about you? You have two more? 0:09:34.000 --> 0:09:34.520 You want to throw it. 0:09:36.320 --> 0:09:41.080 As far as lessons learned this year, yes, so I 0:09:41.120 --> 0:09:45.120 think that the lessons learned this year is never react 0:09:45.160 --> 0:09:49.760 off of FOMO. That's extremely important lesson, and even switching 0:09:49.800 --> 0:09:51.600 gears to the real estate market. I think that that's 0:09:51.640 --> 0:09:56.680 something that people learned, you know, in the springtime when 0:09:57.320 --> 0:10:01.319 people were paying twenty thousand over asking in fifty thousand 0:10:01.400 --> 0:10:04.960 and in Miami one hundred thousand dollars over asking, and 0:10:05.040 --> 0:10:10.040 then the market corrected itself, and now it's like, all right, 0:10:10.120 --> 0:10:13.640 if you paid fifty thousand dollars over asking because you 0:10:13.880 --> 0:10:17.760 thought that the market is gonna keep going up, that's 0:10:17.760 --> 0:10:21.360 what that's the definition of fomo right missing out. So 0:10:21.400 --> 0:10:23.440 it's like, all right, this house is only worth five 0:10:23.520 --> 0:10:28.480 hundred thousand, but they're not going to sell it to 0:10:28.480 --> 0:10:30.800 me unless I give them five hundred and fifty thousand. 0:10:31.640 --> 0:10:34.400 So I would rather pay five hundred and fifty thousand 0:10:34.480 --> 0:10:37.280 because I think in two months it's gonna be worth 0:10:37.320 --> 0:10:40.720 six hundred thousand. Well, that's not really the best way 0:10:40.760 --> 0:10:47.200 to go about it. You buy investments low and you 0:10:47.480 --> 0:10:51.719 sell high. This is the easiest thing. This is rule 0:10:51.800 --> 0:10:54.000 number one. It's like in boxing. The number one rule 0:10:54.040 --> 0:10:57.000 in boxing is protect yourself at all times. The number 0:10:57.000 --> 0:11:00.560 one rule in investing is buy low, sell high. This 0:11:00.679 --> 0:11:04.400 is extremely This is probably the most difficult thing to master. 0:11:04.720 --> 0:11:06.760 Like you could have fundamentals, you can have all of 0:11:06.760 --> 0:11:12.400 this stuff. If you don't have emotional intelligence, you're not 0:11:12.679 --> 0:11:15.480 going to be able to be a good investor. You 0:11:15.640 --> 0:11:19.480 have to be able to wait. You have Patience is 0:11:19.559 --> 0:11:26.880 probably the biggest virtue that you have in life when 0:11:26.960 --> 0:11:30.720 everyone like you have to be a special person to 0:11:30.920 --> 0:11:36.120 just say no, not right now, I'm gonna wait because 0:11:36.600 --> 0:11:39.640 human nature is that you're gonna feel like an idiot 0:11:39.720 --> 0:11:43.120 because you're waiting and everybody's making money and you're not 0:11:43.160 --> 0:11:46.320 gonna be able to live anywhere, and it's like just 0:11:46.440 --> 0:11:52.120 chill out. Everything comes down. Everything comes down. Crypto comes down, 0:11:52.760 --> 0:11:57.920 stocks come down, real estate comes down, NFTs come down, 0:11:59.320 --> 0:12:04.960 Watch value come down. Everything comes down. You have to 0:12:05.000 --> 0:12:09.360 be patient enough to wait, and then when it comes down, 0:12:10.040 --> 0:12:13.040 you have to have enough courage to act, because that's 0:12:13.040 --> 0:12:15.640 the second part of the situation. The second part of 0:12:15.679 --> 0:12:18.120 the situation is that when it actually does go down, 0:12:18.400 --> 0:12:21.360 human nature nobody wants to buy at the bottom because 0:12:22.200 --> 0:12:25.800 something that is fifty percent off and you're thinking it's 0:12:25.840 --> 0:12:28.880 going to zero. You see, you buy a bitcoin at 0:12:28.920 --> 0:12:32.960 fifty thousand, but then when it gets to fifteen thousand, 0:12:33.480 --> 0:12:38.120 you're thinking, this thing is going to two thousand. I'm 0:12:38.160 --> 0:12:40.559 not going to lose all my money. So you have 0:12:40.640 --> 0:12:46.520 to have enough courage to buy discounted investments and have 0:12:47.360 --> 0:12:50.800 enough fortitude to stay in it for the long haul. 0:12:51.040 --> 0:12:53.760 So this was a good year because when we first 0:12:53.800 --> 0:12:57.240 started market Mondays during the pandemic, everything was going up. 0:12:57.320 --> 0:13:00.760 Everybody's making money, everybody's trading options. Anything that you put 0:13:00.760 --> 0:13:04.440 money and is going up, right, But now it's like, Okay, 0:13:04.760 --> 0:13:08.000 who's going to survive the tough times. Who's going to 0:13:08.080 --> 0:13:14.920 have enough education and enough perseverance to patiently wait it out? 0:13:15.400 --> 0:13:18.560 And on the other side of the coin now in 0:13:18.640 --> 0:13:21.440 ten years, fifteen years now, this is the long game, right, 0:13:21.480 --> 0:13:26.520 So this is what we're in right now, and it's 0:13:26.559 --> 0:13:31.040 extremely important to go through these adversities because it makes 0:13:31.080 --> 0:13:35.440 you stronger, but it also makes you more intelligent. Very important. 0:13:36.080 --> 0:13:39.360 Yeah, which brings me to my final three lessons. Number One, 0:13:39.480 --> 0:13:41.400 the most important thing that you have to look at 0:13:41.559 --> 0:13:45.160 is the macro economic environment that we're in. I've given 0:13:45.280 --> 0:13:48.079 the indicator before, but there is an indicator that predicts 0:13:48.200 --> 0:13:51.240 sessions ahead of time. And when you pair that with 0:13:51.360 --> 0:13:53.800 quantitative easing, which is when it Federal Reserve prints money. 0:13:54.400 --> 0:13:56.360 So when the quantitative easing stops, when you tie that 0:13:56.360 --> 0:14:00.439 in with the indicator that tells you when market is 0:14:00.440 --> 0:14:03.959 going to slow down the most important lesson, but you've 0:14:04.000 --> 0:14:07.160 seen me struggle with and thank you for Peter for 0:14:07.200 --> 0:14:10.600 telling me this. And then two people who run Ahead 0:14:10.679 --> 0:14:13.440 Fund that I talked to in exchange this past week, 0:14:14.520 --> 0:14:16.680 they said, to stop being offended when people do not 0:14:16.760 --> 0:14:19.560 want to hear your advice. Your job is to make 0:14:19.600 --> 0:14:23.400 sure you your family and your friends get rich from 0:14:23.480 --> 0:14:26.760 what you know, And man, I tell you that was 0:14:28.000 --> 0:14:31.840 fucking freeing. It's like I know you want to save everybody. 0:14:32.080 --> 0:14:35.880 I know you do, but your job is to make 0:14:35.960 --> 0:14:40.640 you sure that you first your friends and those with you, 0:14:40.680 --> 0:14:43.880 and Red Panda get rich and whoever else. Listeners leave 0:14:43.920 --> 0:14:45.880 it at that, and this person is close to a 0:14:46.040 --> 0:14:52.440 billion dollars from trading. Sometimes our emotions can be so 0:14:52.480 --> 0:14:54.280 big that we want to help people who are not 0:14:54.360 --> 0:14:56.960 ready to be helped or who have not put in 0:14:57.000 --> 0:14:59.160 the work to be besides you, to get that help 0:15:00.040 --> 0:15:02.440 for all of you that watch Crypto nine to one 0:15:02.560 --> 0:15:05.960 stock Shorty, like for all of those of you Aaron 0:15:07.080 --> 0:15:11.440 p Don macdrew whose hearts are big, I have to 0:15:11.480 --> 0:15:13.720 allow you to also be free and make sure the 0:15:13.800 --> 0:15:16.880 number one rule is that you take care of yourself. 0:15:19.200 --> 0:15:24.440 My graduates from my school being force back drop bag Drop, 0:15:25.040 --> 0:15:26.560 Mike drop back. 0:15:26.440 --> 0:15:41.200 Drop, an illegal alien from Guatemala charged with raping a 0:15:41.280 --> 0:15:44.760 child in Massachusetts. An MS thirteen gang member from Al 0:15:44.840 --> 0:15:49.680 Salvador accused of murdering a Texas man of Venezuelan charged 0:15:49.680 --> 0:15:53.600 with filming and selling child pornography in Michigan. These are 0:15:53.640 --> 0:15:57.160 just some of the heinous migrant criminals caught because of 0:15:57.200 --> 0:16:00.920 President Donald J. Trump's leadership. I'm Christine Home, the United 0:16:00.920 --> 0:16:05.680 States Secretary of Homeland Security. Under President Trump, attempted illegal 0:16:05.680 --> 0:16:09.360 border crossings are at the lowest levels ever recorded, and 0:16:09.400 --> 0:16:12.760 over one hundred thousand illegal aliens have been arrested. If 0:16:12.800 --> 0:16:16.440 you are here illegally, your next you will be fine 0:16:16.480 --> 0:16:20.600 nearly one thousand dollars a day, imprisoned and deported, you 0:16:20.680 --> 0:16:24.200 will never return. But if you register using our CBP 0:16:24.360 --> 0:16:27.080 home app and leave now, you could be allowed to 0:16:27.160 --> 0:16:31.960 return legally. Do what's right. Leave now. Under President Trump, 0:16:32.120 --> 0:16:35.760 America's laws, border and families will be protected. 0:16:35.840 --> 0:16:37.960 Sponsored by the United States Department of Homeland Security.