1 00:00:00,080 --> 00:00:03,680 Speaker 1: Okay, let's get into the when should someone sell a 2 00:00:03,760 --> 00:00:04,680 Speaker 1: long term position. 3 00:00:06,440 --> 00:00:09,920 Speaker 2: I think this is a great question, and you have 4 00:00:09,960 --> 00:00:13,800 Speaker 2: two types of investors. The investor you're trying to get 5 00:00:13,800 --> 00:00:16,599 Speaker 2: the capital together to get to your first goal, and 6 00:00:16,640 --> 00:00:19,880 Speaker 2: then you may have the second investor that's hit a 7 00:00:19,880 --> 00:00:23,720 Speaker 2: couple of different targets. But my thing is, if you 8 00:00:23,880 --> 00:00:26,160 Speaker 2: have not hit whatever your freedom number is, and shout 9 00:00:26,160 --> 00:00:28,680 Speaker 2: out to the brother for this question, there's no reason 10 00:00:28,680 --> 00:00:31,520 Speaker 2: to sell the way that the market is going with 11 00:00:31,600 --> 00:00:35,239 Speaker 2: in terms of inflation just over the weekend, Like I 12 00:00:35,280 --> 00:00:39,160 Speaker 2: was on a plane coming back right us that will 13 00:00:39,200 --> 00:00:42,519 Speaker 2: reach sixty four trillion by twenty thirty six, doubling from 14 00:00:42,520 --> 00:00:47,800 Speaker 2: twenty twenty three. I know that we'll talk about the 15 00:00:47,840 --> 00:00:50,159 Speaker 2: Dow peaked at fifty thousand, even though there's all kind 16 00:00:50,159 --> 00:00:54,600 Speaker 2: of unrest in the world. That's GDP. Some are saying 17 00:00:54,680 --> 00:00:56,680 Speaker 2: may hit two or three hundred, and that may be 18 00:00:56,760 --> 00:01:00,360 Speaker 2: the baseline or media number for most countries going forward. 19 00:01:01,560 --> 00:01:04,480 Speaker 2: So my thought is, if you sell off your assets 20 00:01:04,520 --> 00:01:07,720 Speaker 2: too early, unless you've hit your end goal number where 21 00:01:07,720 --> 00:01:10,800 Speaker 2: you like your few number, you're going to need more 22 00:01:10,800 --> 00:01:13,440 Speaker 2: capital in the future. And I don't see on either 23 00:01:13,480 --> 00:01:18,160 Speaker 2: side Republican or Democrat, a great potential leader in sight. 24 00:01:18,760 --> 00:01:21,319 Speaker 2: So I wouldn't hold off and think, well, I have 25 00:01:21,360 --> 00:01:24,520 Speaker 2: more than enough money right now. It would be a mistake. 26 00:01:24,720 --> 00:01:27,880 Speaker 2: So if the debt is supposed to increase by that 27 00:01:27,920 --> 00:01:30,880 Speaker 2: much by twenty thirty six, the value of the dollars 28 00:01:30,920 --> 00:01:32,720 Speaker 2: going to drop even more. Ray Dali will just put 29 00:01:32,760 --> 00:01:36,800 Speaker 2: out this past weekend, we're in phase six of the 30 00:01:37,520 --> 00:01:41,559 Speaker 2: New World Order. So now it's not the time unless 31 00:01:41,560 --> 00:01:44,839 Speaker 2: you've gotten to that mark of twenty million, thirty million, 32 00:01:44,959 --> 00:01:48,800 Speaker 2: fifty or the other number that we talk about behind 33 00:01:48,800 --> 00:01:51,040 Speaker 2: the scenes. Now's not the time to sell or liquidate. 34 00:01:52,080 --> 00:01:54,000 Speaker 1: And I think it's important just to pay attention to 35 00:01:54,040 --> 00:01:56,960 Speaker 1: the positions that you're in because something like paypals down 36 00:01:57,000 --> 00:02:00,320 Speaker 1: eighty nine percent. So when you start to see sure 37 00:02:02,040 --> 00:02:06,320 Speaker 1: that your investments have taken a drastic turn, not just 38 00:02:06,800 --> 00:02:10,919 Speaker 1: in price, but fundamental changes in the company, fundamental changes 39 00:02:10,919 --> 00:02:13,840 Speaker 1: in the industry, they no longer have a competitive advantage, 40 00:02:13,960 --> 00:02:16,760 Speaker 1: they no longer have a mote. There's someone else in 41 00:02:16,600 --> 00:02:20,920 Speaker 1: the in the space that is more relevant than them, 42 00:02:21,360 --> 00:02:24,000 Speaker 1: that's performing at a higher level than them. I think 43 00:02:24,000 --> 00:02:25,200 Speaker 1: it's important just because it is. 44 00:02:25,240 --> 00:02:26,720 Speaker 2: If you're not one or in the industry, not to 45 00:02:26,720 --> 00:02:28,119 Speaker 2: cut you off, but if they're not one or two, 46 00:02:29,240 --> 00:02:30,000 Speaker 2: you got to let it go. 47 00:02:30,800 --> 00:02:35,480 Speaker 1: Yeah, yes, and you can't at it like you got 48 00:02:35,520 --> 00:02:39,840 Speaker 1: to have a stop loss there too. I said twenty 49 00:02:39,880 --> 00:02:42,520 Speaker 1: five percent stop loss. Yeah, because, like I said, PayPal's 50 00:02:42,560 --> 00:02:45,600 Speaker 1: down eighty nine percent, So you can't. You can't just say, Okay, 51 00:02:45,639 --> 00:02:50,720 Speaker 1: I'm just gonna hold it and hope for miraculous come back. 52 00:02:51,560 --> 00:02:53,800 Speaker 1: You had one hundred thousand dollars in PayPal, you know, 53 00:02:53,919 --> 00:02:57,240 Speaker 1: ten years ago. Now you got eight thousand dollars. Like, 54 00:02:57,280 --> 00:02:59,520 Speaker 1: that's not that's not a recipe to bill wealth. 55 00:03:01,720 --> 00:03:04,880 Speaker 2: I mean, real quick job creation is the weakest since 56 00:03:04,880 --> 00:03:09,720 Speaker 2: two thousand and three. Consumer delinquency hit a nine year high. 57 00:03:09,800 --> 00:03:13,560 Speaker 2: Small cap financials are exposed to both Deutsch GDP twenty 58 00:03:13,600 --> 00:03:16,920 Speaker 2: years ago with sixty percent, it's currently at one forty five. 59 00:03:18,600 --> 00:03:22,600 Speaker 2: They're not going to balance the budget anytime soon, No, 60 00:03:22,720 --> 00:03:25,600 Speaker 2: not likely, not likely. That's why, that's why goal got 61 00:03:25,600 --> 00:03:26,320 Speaker 2: to continue to go up.