1 00:00:01,360 --> 00:00:03,640 Speaker 1: This episode is brought to you by P and C Bank. 2 00:00:04,000 --> 00:00:06,760 Speaker 1: A lot of people think podcasts about work are boring, 3 00:00:07,000 --> 00:00:10,840 Speaker 1: and sure they definitely can be, but understanding a professionals 4 00:00:10,920 --> 00:00:14,160 Speaker 1: routine shows us how they achieve their success little by little, 5 00:00:14,560 --> 00:00:18,200 Speaker 1: day after day. It's like banking with P and C Bank. 6 00:00:18,680 --> 00:00:21,480 Speaker 1: It might seem boring to safe plan and make calculated 7 00:00:21,480 --> 00:00:24,599 Speaker 1: decisions with your bank, but keeping your money boring is 8 00:00:24,640 --> 00:00:27,960 Speaker 1: what helps you live or more happily fulfilled life. P 9 00:00:28,080 --> 00:00:32,879 Speaker 1: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly 10 00:00:32,960 --> 00:00:35,600 Speaker 1: Boring since eighteen sixty five is a service mark of 11 00:00:35,600 --> 00:00:38,840 Speaker 1: the PNC Financial Service Group, Inc. P and C Bank 12 00:00:39,280 --> 00:00:45,920 Speaker 1: National Association Member FDIC erness What's Up? You ever walk 13 00:00:45,920 --> 00:00:49,000 Speaker 1: into a small business and everything just works like the 14 00:00:49,080 --> 00:00:53,200 Speaker 1: checkout is fast, the receipts are digital, tipping is a breeze, 15 00:00:53,479 --> 00:00:55,640 Speaker 1: and you're out the door before the line even builds. 16 00:00:55,960 --> 00:01:00,240 Speaker 1: Odds are they're using Square? We love supporting business that 17 00:01:00,320 --> 00:01:02,959 Speaker 1: run on Square because it just feels seamless. 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Don't wait, don't hesitate. 30 00:01:45,760 --> 00:01:48,160 Speaker 1: Let's Square handle the back end so you can keep 31 00:01:48,160 --> 00:01:49,400 Speaker 1: pushing your vision forward. 32 00:01:51,680 --> 00:01:55,520 Speaker 2: After I called him video, the number one question I 33 00:01:55,560 --> 00:01:58,560 Speaker 2: got for eighteen months is what's the next? And video 34 00:01:58,680 --> 00:02:01,680 Speaker 2: that's not my question for you, but same when you're 35 00:02:01,680 --> 00:02:06,760 Speaker 2: looking at the new sector or new company, what's your 36 00:02:06,800 --> 00:02:10,240 Speaker 2: process to do the research to find what sector could 37 00:02:10,240 --> 00:02:11,480 Speaker 2: be the one that takes off next? 38 00:02:13,320 --> 00:02:17,919 Speaker 3: All right, So we have this list that we keep 39 00:02:17,960 --> 00:02:21,320 Speaker 3: internally call the best stocks in the market, and what 40 00:02:21,360 --> 00:02:23,800 Speaker 3: we're looking for are the stocks that are working right now. 41 00:02:24,440 --> 00:02:27,960 Speaker 3: And it's not that we don't care about the fundamentals, 42 00:02:28,000 --> 00:02:31,639 Speaker 3: of course, like everybody does. So we're looking for profitable companies. 43 00:02:32,520 --> 00:02:35,120 Speaker 3: They've got to be a certain size. It's not that 44 00:02:35,160 --> 00:02:37,320 Speaker 3: there aren't small good stocks to owner, it's just this 45 00:02:37,360 --> 00:02:40,680 Speaker 3: is not what we're doing right with this particular effort. 46 00:02:41,760 --> 00:02:43,480 Speaker 3: So they've got to be a certain size, they've got 47 00:02:43,480 --> 00:02:47,120 Speaker 3: to be profitable, and we want to see the distance 48 00:02:47,160 --> 00:02:49,440 Speaker 3: from a fifty two week high. You want to see 49 00:02:49,440 --> 00:02:51,760 Speaker 3: whether or not they're in a defined up trend. Not 50 00:02:51,880 --> 00:02:55,800 Speaker 3: like my opinion, but like mathematically, is a stock trending 51 00:02:55,880 --> 00:02:59,079 Speaker 3: higher over a certain period of time. And we're looking 52 00:02:59,120 --> 00:03:01,680 Speaker 3: at all these things, come up with a list of 53 00:03:01,720 --> 00:03:05,360 Speaker 3: what are currently the best stocks in the market. Now. 54 00:03:06,240 --> 00:03:09,040 Speaker 3: I can't say these will be the best stocks in 55 00:03:09,080 --> 00:03:10,880 Speaker 3: the market for the rest of the year because things 56 00:03:10,960 --> 00:03:14,640 Speaker 3: change so all we can really do is take a 57 00:03:14,680 --> 00:03:19,440 Speaker 3: snapshot of this moment in time. Where are people making 58 00:03:19,480 --> 00:03:23,880 Speaker 3: money right now? For me, that's not the end of 59 00:03:23,919 --> 00:03:27,280 Speaker 3: the process. At the beginning. This is the number one 60 00:03:27,400 --> 00:03:31,200 Speaker 3: people The problem that people have when they get into 61 00:03:31,240 --> 00:03:34,720 Speaker 3: the stock market. They don't know where to begin. So 62 00:03:34,840 --> 00:03:38,280 Speaker 3: they turn on TV. Maybe they see me, maybe they're 63 00:03:38,320 --> 00:03:41,240 Speaker 3: not so lucky, they see somebody else. But whatever ticker 64 00:03:41,280 --> 00:03:44,040 Speaker 3: symbols are being talked about that day, on the air, 65 00:03:44,480 --> 00:03:46,720 Speaker 3: like they think those are the stocks they're supposed to trade. 66 00:03:46,840 --> 00:03:50,400 Speaker 3: There's no context. So what we do with best stocks 67 00:03:50,400 --> 00:03:52,240 Speaker 3: in the market? List? It's to start. It's to say, 68 00:03:52,280 --> 00:03:54,960 Speaker 3: all right, if you're going to go fishing and you 69 00:03:55,000 --> 00:03:58,280 Speaker 3: want to catch something, shouldn't you start in a pond 70 00:03:58,560 --> 00:04:02,120 Speaker 3: that you know is stocked with Fish's the problem with 71 00:04:02,160 --> 00:04:04,760 Speaker 3: people is it's not their fault. Nobody teaches anybody this. 72 00:04:05,440 --> 00:04:07,520 Speaker 3: Why would you start? Why would you start with a 73 00:04:07,600 --> 00:04:10,080 Speaker 3: random list of stocks that people were talking about on 74 00:04:10,160 --> 00:04:13,200 Speaker 3: TV or in a magazine that day or people on Twitter? 75 00:04:13,640 --> 00:04:17,159 Speaker 3: Like that's your starting point? So I'm starting with the 76 00:04:17,200 --> 00:04:22,119 Speaker 3: best stocks in the market. They're profitable, they're big, they're 77 00:04:22,160 --> 00:04:26,200 Speaker 3: going higher, they're in up trends, they're in proximity to 78 00:04:26,680 --> 00:04:29,560 Speaker 3: a fifty two week high. They're in the S and 79 00:04:29,600 --> 00:04:36,359 Speaker 3: P five hundred the best Every week, every Friday, I 80 00:04:36,440 --> 00:04:38,880 Speaker 3: look at the close. I don't want to get whipsword 81 00:04:38,960 --> 00:04:42,159 Speaker 3: every day Monday, Tuesday, Wednesday because the list changes, stocks 82 00:04:42,160 --> 00:04:46,280 Speaker 3: fall in, stocks fall back on. If I look every 83 00:04:46,320 --> 00:04:50,200 Speaker 3: week fifty two times a year on Friday, market closes, okay, 84 00:04:50,520 --> 00:04:53,200 Speaker 3: what are the best stocks this week? That's a great 85 00:04:53,200 --> 00:04:56,359 Speaker 3: starting point for me to spend that weekend, not for 86 00:04:56,680 --> 00:04:59,640 Speaker 3: a million hours, just like, Oh, I never heard of this, 87 00:05:00,360 --> 00:05:03,920 Speaker 3: Let me find out why it's going up. Think about 88 00:05:03,920 --> 00:05:06,479 Speaker 3: how many people have the opposite approach. They're looking at 89 00:05:06,520 --> 00:05:09,560 Speaker 3: the fifty two week low list. That's a really tough 90 00:05:09,560 --> 00:05:12,320 Speaker 3: way to make a living. They look at the worst 91 00:05:12,320 --> 00:05:15,120 Speaker 3: stocks or one of the stocks that are the most 92 00:05:15,160 --> 00:05:18,360 Speaker 3: controversial and they're being talked about all day. That's not 93 00:05:18,400 --> 00:05:21,160 Speaker 3: a great starting point either, right, That's how you end 94 00:05:21,200 --> 00:05:25,560 Speaker 3: up owning Boeing. So what I'm trying to or intel, 95 00:05:25,760 --> 00:05:28,680 Speaker 3: what I'm trying to do, is identify those best stocks 96 00:05:28,680 --> 00:05:30,279 Speaker 3: and then use that as a jumping off point to 97 00:05:30,279 --> 00:05:32,280 Speaker 3: try to figure out what's going on. And I'll tell 98 00:05:32,320 --> 00:05:36,560 Speaker 3: you guys a couple things. The first is, let's say 99 00:05:36,560 --> 00:05:38,880 Speaker 3: the list has sixty five names on it on a 100 00:05:38,960 --> 00:05:40,920 Speaker 3: random Friday. It could be ten names, it could be 101 00:05:40,920 --> 00:05:43,159 Speaker 3: one hundred. This is a function of how the stocks 102 00:05:43,160 --> 00:05:46,599 Speaker 3: themselves are behaving. Let's say sixty five names. If ten 103 00:05:46,640 --> 00:05:50,200 Speaker 3: of those sixty five names are all consumer staples, there's 104 00:05:50,240 --> 00:05:53,080 Speaker 3: a lot of information in there. Number One, it tells 105 00:05:53,120 --> 00:05:57,560 Speaker 3: me defensive names are rallying more than most of the market. 106 00:05:57,680 --> 00:06:01,440 Speaker 3: Number two, I might stumble upon a company within that 107 00:06:01,640 --> 00:06:05,279 Speaker 3: sector that people are excited about, and I might learn 108 00:06:05,320 --> 00:06:08,800 Speaker 3: that catalyst for myself and have a new trade. So 109 00:06:09,279 --> 00:06:12,080 Speaker 3: that's my starting point. I'm not saying there aren't other 110 00:06:12,200 --> 00:06:14,800 Speaker 3: ways to do this. I'm saying this is what I 111 00:06:14,920 --> 00:06:19,760 Speaker 3: know works for me. Here's what I'm saying, this definitively 112 00:06:19,760 --> 00:06:23,760 Speaker 3: that I'm not doing. I'm not looking for the cheapest stocks. 113 00:06:24,320 --> 00:06:28,080 Speaker 3: I'm not looking for one are the lowest valuations. That's 114 00:06:28,120 --> 00:06:30,920 Speaker 3: just listen that. There are people that play that game 115 00:06:30,920 --> 00:06:33,400 Speaker 3: and they're really good at it and there's nothing wrong 116 00:06:33,440 --> 00:06:37,040 Speaker 3: with it. I'm not doing that. I'm saying, where are 117 00:06:37,120 --> 00:06:40,920 Speaker 3: investors being rewarded right now? Let me find out why? 118 00:06:41,320 --> 00:06:43,839 Speaker 3: And then I got to figure out can this continue? 119 00:06:44,520 --> 00:06:46,359 Speaker 3: This is how I ended up in the trade desk 120 00:06:46,720 --> 00:06:50,880 Speaker 3: this year TTD sick sick chart. This is how I 121 00:06:50,920 --> 00:06:55,320 Speaker 3: ended up in Reddit one of the best performing recent IPOs. 122 00:06:55,760 --> 00:06:59,160 Speaker 3: All of these things, I wasn't focused on them until 123 00:06:59,279 --> 00:07:03,960 Speaker 3: my list said, Josh, look at this stock. Find out 124 00:07:04,000 --> 00:07:08,200 Speaker 3: what's going on here. And so that's my approach to investing. 125 00:07:08,600 --> 00:07:12,920 Speaker 3: And look, it's taken me, i don't know, fifteen sixteen 126 00:07:13,000 --> 00:07:17,000 Speaker 3: years to figure that part out to the extent that 127 00:07:17,000 --> 00:07:18,920 Speaker 3: I have. But I've been doing that the last few years, 128 00:07:18,960 --> 00:07:21,440 Speaker 3: and I don't want to go back to any other 129 00:07:22,040 --> 00:07:24,720 Speaker 3: version of what I was doing now that I'm doing 130 00:07:24,800 --> 00:07:25,280 Speaker 3: it this way. 131 00:07:25,440 --> 00:07:29,040 Speaker 4: An illegal alien from Guatemala charged with raping a child 132 00:07:29,120 --> 00:07:32,880 Speaker 4: in Massachusetts. An MS thirteen gang member from El Salvador 133 00:07:33,160 --> 00:07:37,280 Speaker 4: accused of murdering a Texas man of Venezuelan charged with 134 00:07:37,360 --> 00:07:41,280 Speaker 4: filming and selling child pornography in Michigan. These are just 135 00:07:41,360 --> 00:07:45,120 Speaker 4: some of the heinous migrant criminals caught because of President 136 00:07:45,160 --> 00:07:48,680 Speaker 4: Donald J. Trump's leadership. I'm Christy Noman, the United States 137 00:07:48,760 --> 00:07:53,560 Speaker 4: Secretary of Homeland Security. Under President Trump, attempted illegal border 138 00:07:53,600 --> 00:07:57,120 Speaker 4: crossings are at the lowest levels ever recorded, and over 139 00:07:57,200 --> 00:08:00,440 Speaker 4: one hundred thousand illegal aliens have been arrested. If you 140 00:08:00,480 --> 00:08:04,320 Speaker 4: are here illegally, your next you will be fine nearly 141 00:08:04,440 --> 00:08:08,440 Speaker 4: one thousand dollars a day, imprisoned, and deported. You will 142 00:08:08,480 --> 00:08:12,120 Speaker 4: never return. But if you register using our CBP home 143 00:08:12,160 --> 00:08:15,560 Speaker 4: app and leave now, you could be allowed to return legally. 144 00:08:15,920 --> 00:08:20,600 Speaker 4: Do what's right. Leave now. Under President Trump, America's laws, 145 00:08:20,840 --> 00:08:23,280 Speaker 4: border and families will be protected. 146 00:08:23,360 --> 00:08:25,520 Speaker 1: Sponsored by the United States Department of Homeland security,