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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: All right, we're back, We're back. Welcome back, Welcome back man.

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Speaker 4: Welcome back man. It's been a jam pack week. Shot

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Speaker 4: to everybody that got the book out in stores. Now

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Speaker 4: you deserve to be rich for sure.

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Speaker 5: Man.

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Speaker 4: We had, you know, a lot going on. We did

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Speaker 4: the book signings, We've done market Mondays, we've done Blackout.

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Speaker 4: It's a lot going on right now, man, for sure.

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Speaker 4: But uh, we're gonna finish the game strong. And this

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Speaker 4: is something that's vitally important because we haven't done it

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Speaker 4: in a while. We have a few episodes, but they

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Speaker 4: date back years ago when we actually break down stocks

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Speaker 4: from a very you know, beginning level, and we know

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Speaker 4: we have market Mondays every single week shot then. But

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Speaker 4: that show has become so much of a cultural phenomenon

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Speaker 4: that it's kind of like double Dutch if if you

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Speaker 4: don't have some level of education, that sometimes the conversations

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Speaker 4: might get a little intimidating.

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Speaker 6: Our conversations have advanced as the audience has matured, as

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Speaker 6: the earl has been watching and educated themselves.

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Speaker 3: It's not a beginning course anymore, for sure. But which

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Speaker 3: is good.

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Speaker 4: This is the perfect time that revisited the start because

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Speaker 4: there's still millions the vast majority of people still have

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Speaker 4: not invested into the stock market. There's still millions of

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Speaker 4: people that have not invested into the stock market. There's

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Speaker 4: still millions of people that are still intimidated about stocks.

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Speaker 4: There's still millions of people that don't have a retirement account.

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Speaker 4: There's still millions of people out there that have never

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Speaker 4: made a trade. So it's beneficial to bring it back

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Speaker 4: and to you know, have conversations for those millions of

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Speaker 4: people out there right because there's a lot. So that's

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Speaker 4: what we're going through today. This is how to begin

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Speaker 4: in stocks, this is how to get started investing, and

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Speaker 4: it's perfect time because a lot of people have New

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Speaker 4: Year's resolutions to you know, do better with their finance.

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Speaker 4: That's like the number one resolution for people to do

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Speaker 4: better with finances, so to save more money. To start

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Speaker 4: investing too, and part of that a major part of

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Speaker 4: that education. So a lot of people have asked me,

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Speaker 4: like if I never invested, where do I go?

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Speaker 3: Like?

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Speaker 4: What video do I watch? If I never invested, I

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Speaker 4: want to start? What do I if I want to

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Speaker 4: tell my teach my kids how to invest? Like where

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Speaker 4: do I start?

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Speaker 6: That usually is like the number one question is like

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Speaker 6: if I had five thousand dollars or where should I

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Speaker 6: put it in the market? Well, first of all, do

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Speaker 6: you have a brokerage account? So like I feel like

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Speaker 6: we haven't gotten to that point, we got to ask

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Speaker 6: that a lot.

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Speaker 3: What brokege account we're using? How we open the broken account?

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Speaker 6: Yeah, we talk about fuge is and we talk about options,

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Speaker 6: but do you even know how to open an account?

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Speaker 3: That part is being left out.

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Speaker 4: So this is this is it. So we got a

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Speaker 4: special guest, Chris saying, somebody that I've be't seen on

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Speaker 4: YouTube for a while. Yes, we got a chance to

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Speaker 4: connect with him recently. And former athlete Michigan State spartans

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Speaker 4: for sure. Yeah, so play at a high level. But

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Speaker 4: you know, so body like us, like you know, we

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Speaker 4: didn't really come from financial backgrounds per se, like as

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Speaker 4: far as as kids, like, you know, kind of learned

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Speaker 4: finances as he grew up as adults. But he's he's

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Speaker 4: developed a tremendous community online. I think you had seven

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Speaker 4: hundred thousand YouTube subscribers and like over a million followers

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Speaker 4: on socials where all the socials can buy, and a

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Speaker 4: bunch of viral videos, like a bunch of videos that

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Speaker 4: have over a million views on his YouTube channel. And

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Speaker 4: he's a trader and an investor, and you know, he's

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Speaker 4: he's one of the people that's been online that's been

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Speaker 4: teaching people when it comes to financial literacy, when it

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Speaker 4: comes to investing, stock investing. So a lot of people

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Speaker 4: have been asking us, like when you're going to when

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Speaker 4: you're going through something with Chris. So it's all about

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Speaker 4: timing for years. But it's all about timing and for like, now,

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Speaker 4: now's a good time, Now's a good topic. This is

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Speaker 4: the good platform.

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Speaker 3: You know.

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Speaker 4: It just just felt like it was a right moment.

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Speaker 6: So and I wanted salute him too, for just as

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Speaker 6: much as we've been watching him, he's been watching us

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Speaker 6: and was super gracious, and it was like, Yo, I

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Speaker 6: love what you guys are doing. I love I've been

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Speaker 6: loving what you guys have been doing. And so this

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Speaker 6: collaboration today feels like, all right, the roads have finally

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Speaker 6: crossed to a point where we're about to create magic

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Speaker 6: for sure.

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Speaker 4: So what I'll further, Dot's bring Chris up if we can.

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Speaker 4: What's going on?

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Speaker 3: Good? What up?

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Speaker 4: Though?

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Speaker 5: What's up? Man? How y'all doing?

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Speaker 4: What up?

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Speaker 5: Though?

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Speaker 4: We representative Grand Rapids, Michigan.

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Speaker 5: Yes sir, yes sir.

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Speaker 4: You got the Detroit, you got the Detroit Lions gear on,

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Speaker 4: you got the Cardier.

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Speaker 5: So we true to it, We true to a rich shot.

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Speaker 5: I told Troy, whether we own sixteen or sixteen to one,

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Speaker 5: we go hard.

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Speaker 3: Y'all. Definitely, y'all definitely having your way this year. Let's see.

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Speaker 3: Good luck to y'all in the playoffs. I want to

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Speaker 3: see so you got to buy.

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Speaker 6: So congrats to the Lions on a tremendous season, and

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Speaker 6: shout every Detroit team, what up?

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Speaker 3: Though? We love Detroit, man, shout everybody in Detroit.

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Speaker 4: Thanks. So we're gonna get into it before we start,

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Speaker 4: I just I want to just let you tell your

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Speaker 4: story of backstories Wall audience that may not be familiar

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Speaker 4: with you, as far as how you got into the

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Speaker 4: stock market, Like, what's your pathway to doing what you're

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Speaker 4: doing now?

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Speaker 5: Absolutely, Rashad, you kind of led with it, man. I

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Speaker 5: was a former Division one athlete. Guys and you guys

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Speaker 5: already know from that route of playing sports and using

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Speaker 5: sports to get up out of our environments. I used

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Speaker 5: it as a vehicle, you know, to kind of change

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Speaker 5: my life, to do something different, to see more and

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Speaker 5: be more. But then what intrigued me along the journey

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Speaker 5: I fell short of actually accomplishing my goals and making

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Speaker 5: it to the league, per se NFL played football and basketball,

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Speaker 5: but football is what I played. And I was always

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Speaker 5: intrigued with how do athletes go broke after accumulating so

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Speaker 5: much money after their career is done? And so on

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Speaker 5: average do typical athlete three to five years after they

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Speaker 5: playing career is done, they have some type of financial difficulty,

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Speaker 5: some type of financial struggle, whether it be bankruptcy, whether

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Speaker 5: it be going broke or running out of money or

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Speaker 5: and so that intrigued me, and that was the very

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Speaker 5: thing that kind of started my journey into getting into

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Speaker 5: the stock market and just wanting to learn how to

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Speaker 5: be better with money. And I've always felt like if

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Speaker 5: we could learn to to to live within our means,

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Speaker 5: manage manage what we have, we could we could make

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Speaker 5: the money stretch because for so many of us, we

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Speaker 5: are accustomed to doing a lot with a little. We

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Speaker 5: are accustomed to doing more with less. And so I

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Speaker 5: look at the market, there's no different. We just got

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Speaker 5: a good starter and it so I'm happy today that

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Speaker 5: this is coming full circle so we can get back

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Speaker 5: to the beginning, back to the basics, because there's so

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Speaker 5: many people still out of all the work and outreach

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Speaker 5: you guys have done out of all the work I

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Speaker 5: have done to reach as many people as I can collectively,

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Speaker 5: we still have so many more to reach combined, and

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Speaker 5: so the work is still there to do, and it's

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Speaker 5: still many more people that needs to be introduced to

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Speaker 5: just the simple fact of how to even invest in

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Speaker 5: the stock market. And so that's what we're going to

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Speaker 5: unpack on today.

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Speaker 4: Yes, that's a fact. And this started before we start,

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Speaker 4: we do have an announcement. We had said this a

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Speaker 4: few times this week, but this one day left, so

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Speaker 4: we came out with our book, our book, our first book,

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Speaker 4: You Deserve to Be Rich, And we had a special

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Speaker 4: offer that we offer on market Mondays where if you

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Speaker 4: buy the book, you get thirty days at ey University

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Speaker 4: for free. So there's one day left in that promo cycle,

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Speaker 4: so you have to go to you Deserve to Be

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Speaker 4: Rich Deal, you Deserve to Be Rich Deal, all those

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Speaker 4: words combined, dot com You Deserved to Be Rich deal

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Speaker 4: dot com and all the information is there. It's pretty simple.

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Speaker 4: You can buy a book from any of the links

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Speaker 4: that that's on that website. After you buy the book,

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Speaker 4: put your transaction number in the form that's on the page,

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Speaker 4: your email, and you will be entered into y University

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Speaker 4: and you will have thirty days one month free and

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Speaker 4: you'll get access to everything Troy's options classes, the real

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Speaker 4: estate blueprint, but the financial planning call, you can look

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Speaker 4: at the path videos, The whole encyclopedia is there for you.

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Speaker 4: So for the price of thirty dollars, you'll be able

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Speaker 4: to get the whole entire Eyo University curriculum for thirty

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Speaker 4: days for free, no strings attached. And there's one day

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Speaker 4: left in that office, So go to you deserve to

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Speaker 4: be rich. Deal, You deserve to be rich. Deal dot

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Speaker 4: com take advantage. Man, we gotta we got, we got

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Speaker 4: still got a few more hours left to push for

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Speaker 4: this book sale this week.

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Speaker 6: I tell you, man, New York Times bestseller is cool,

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Speaker 6: but being number one is even better. So you know,

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Speaker 6: there's the only thing we shoot for is to be

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Speaker 6: a number.

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Speaker 3: One for sure. It ain't gonna be a try and

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Speaker 3: shot win.

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Speaker 6: It's gonna be a community when because y'all all built

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Speaker 6: this platform with us. So shout out to everybody that

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Speaker 6: purchase book. I'm looking forward to having everybody inside the university. Man,

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Speaker 6: you're gonna be just in time for my next class.

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Speaker 6: Child to y'all, I'm looking forward to it.

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Speaker 4: Yeah yeah, so yeah, that's the deal. So okay, so

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Speaker 4: let's let's let's get into this. Let's get into this

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Speaker 4: because you know, it's interesting that we talk about blacks

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Speaker 4: big like the quickest growing group when it comes to investing,

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Speaker 4: and that's something that you know is important and like

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Speaker 4: over like, I think sixty percent of millennial blacks are

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Speaker 4: now invested into the stock market, but when you take

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Speaker 4: it as an aggregate, as far as like every black

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Speaker 4: person from one hundred years old to eighteen years old,

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Speaker 4: there's still around forty percent participation in the market. So

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Speaker 4: that means that there's still sixty percent of the people

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Speaker 4: that's not participated in the stock market. And that's just

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Speaker 4: you know, this conversations for everybody. But of course, you know,

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Speaker 4: we have to you know, prioritize our community. So I

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Speaker 4: just say that to say there's a lot and don't

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Speaker 4: feel like you're alone. That's important too, Like if you

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Speaker 4: haven't invested, don't feel like you're alone or you're like

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Speaker 4: the last person on earth to learn about stocks. There's

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Speaker 4: still a lot of people in a similar situation. That's

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Speaker 4: why this is important. So I think we're gonna start,

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Speaker 4: We're gonna, were gonna, We're gonna go through some slids,

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Speaker 4: have a conversation like in the middle of the of

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Speaker 4: the slots, and we're gonna We're gonna walk you step

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Speaker 4: by step into your glad.

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Speaker 6: I'm glad you just said that because a lot of

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Speaker 6: the conversations that I have is is it too late?

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Speaker 3: Is it too late?

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Speaker 4: Right?

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Speaker 6: Not knowing that there is no way to time at

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Speaker 6: the time is putting the actual investment to be inside

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Speaker 6: of the market. So that conversation is going to get

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Speaker 6: alleviated today.

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Speaker 3: Man, I'm excited. Chris, your ready to go, Yes, sir,

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Speaker 3: let's do it.

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Speaker 5: My guys, Look, so how to start investing in stocks?

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Speaker 5: And the three of us get this question all the time,

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Speaker 5: so we wanted to lead with that and we want

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Speaker 5: to break it down as simply as we can. And

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Speaker 5: so first you need a brokerage account. What is a

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Speaker 5: brokerage account? Okay? A brokeragch account simply, guys, allows you

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Speaker 5: to buy stocks, sales, stocks, invest okay. And so some

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Speaker 5: of the more notable names you might know of or

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Speaker 5: be familiar with, or you may not be Vanguard Fidelity.

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Speaker 5: Those are two ones that has just been around for

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Speaker 5: the test of time. Now and if you are thinking

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Speaker 5: long term, these two entities are ones you want to consider.

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Speaker 5: Fidelity Vanguard you want to think about once I do

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Speaker 5: take this step to invest. Let me open up a

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Speaker 5: Fidelity account, let me open up a Vanguard account. You

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Speaker 5: want to start there with the premise in mind that

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Speaker 5: you are thinking long term. Then you have everything from

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Speaker 5: more more newer apps, more user friendly ones like robin Hood,

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Speaker 5: we Ball, Interactive Brokers, Tasty Trades, to name a few.

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Speaker 5: So listen, guys. It starts with before you can invest,

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Speaker 5: you have to have a brokerage account to even deploy

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Speaker 5: your money too. Okay. This is lateral from your job.

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Speaker 5: This is separate from whatever you are getting at your

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Speaker 5: place of employment. This is on you. The book came out.

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Speaker 5: We're going to make sure this book become a number

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Speaker 5: one bestseller. You deserve. This is about you. This is

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Speaker 5: about you, guys. Okay, and so you need to make

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Speaker 5: sure you have your own brokerage account. You're doing your

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Speaker 5: your own investing, You're taking your you taking your own

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Speaker 5: finances and affairs in your hand. Okay, next up.

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Speaker 4: And I'll take it. I'll take it even stuff furthert too,

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Speaker 4: because I want to kind of expand on that a

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Speaker 4: little bit because for some people like to even why

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Speaker 4: investing is important on what a stock is, right, Like

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Speaker 4: we talk about stocks as far as that's ownership, and

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Speaker 4: there's private companies and then there's public companies. Right. So

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Speaker 4: the public companies anybody can own it like Tesla, like Microsoft.

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Speaker 4: A private company is like earn your leisure where only

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Speaker 4: we own it. Right. So it's important to invest in

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Speaker 4: these public companies because as their value goes up, your

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Speaker 4: investment going to go up over the course of time

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Speaker 4: as well. Right, So the only way we talk about inflation,

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Speaker 4: the only way to beat inflation is to actually invest, right,

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Speaker 4: because that's how your money's actually working for you over

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Speaker 4: the course of time. But another question that I get

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Speaker 4: about the brokerage is like even like how to set

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Speaker 4: it up, and it's it's really not too complicated. Guys,

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Speaker 4: like you go to the app store and you download

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Speaker 4: Charles Schwab is another one, or you download Fidelity and

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Speaker 4: all of these these these apps and platforms have similar

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Speaker 4: type of things where you just got to fill in

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Speaker 4: your information. So they have to it's called like know

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Speaker 4: your customer, right, so they're actually you're like your social

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Speaker 4: the actually your number, your email. You have to provide

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Speaker 4: this information. Guys like you can't try to.

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Speaker 3: I ain't putting.

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Speaker 4: I gotta provide. You gotta provide this information and then

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Speaker 4: from there you link your bank account to it. This

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Speaker 4: is important for people to fully understand as well, because

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Speaker 4: they're like, well, how do I get money into the account?

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Speaker 3: Right? I gotta fund it.

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Speaker 4: You link your bank account to it, and then you

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Speaker 4: fund it, and then that that funding goes both ways.

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Speaker 4: So you put money in from your bank account and

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Speaker 4: put two thousand dollars for my bank account into Fidelity,

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Speaker 4: and then when it's time to move for money from

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Speaker 4: Fidelity to your bank account, vice versa, vice versa. But

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Speaker 4: where it's hell that this is important, but to our retirement.

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Speaker 6: Can I give them a hack from what you just said?

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Speaker 6: This is important too because that transaction time. It can

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Speaker 6: if you're a new customer, that might take five to

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Speaker 6: seven days. And so for us having money that we

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Speaker 6: sent and we don't know where it's going and it's

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Speaker 6: taking five to seven days, it's a new account opening.

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Speaker 3: You could fill a little.

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Speaker 4: ANNGST, especially Robberhood rib hood.

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Speaker 3: But what you can do right and this is and

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Speaker 3: this is a good tip.

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Speaker 6: I use E Trade and so when E trade, I

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Speaker 6: found out the wire instructions, right, So when I get

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Speaker 6: the wire instructions that come from E trade, now when

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Speaker 6: I send the money. Right, let's say I'm sending five

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Speaker 6: thousand dollars to my E trade account, that's going to

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Speaker 6: get there within thirty minutes rather than waiting five to

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Speaker 6: seven days. And so yes, you can do the AH

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Speaker 6: transfers with take three to five or maybe five to

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Speaker 6: seven if it's your new account, or you can get

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Speaker 6: your broke which is wire information, and have that money

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Speaker 6: expedited because five to seven days in the market can

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Speaker 6: change a lot, right, like we saw over the past week,

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Speaker 6: right on Mondays up by Friday, you could have lost

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Speaker 6: a lot or you could have gained a lot. So

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Speaker 6: you want to make sure that your money gets there

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Speaker 6: in expedited fashion. Why in transfers is another way that

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Speaker 6: you can.

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Speaker 3: You can hack that.

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Speaker 4: And then the last day I say before we move on,

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Speaker 4: is that I used to get this a lot. When

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Speaker 4: people are talking about their form one case, they'll have

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Speaker 4: a four one K the money's coming out of there.

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Speaker 4: That they're checking their money's coming out of their paycheck

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Speaker 4: and they automatically assume that it's being invested. And I asked, like,

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Speaker 4: what are you invested in? They're like, I don't know,

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Speaker 4: did not see their statements, and they're not actually invested

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Speaker 4: in anything. When your money goes into a brokerage account,

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Speaker 4: it goes into what's called the money market. That's like

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Speaker 4: a savings account pretty much for a brokerage account, like

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Speaker 4: it's sitting on the sideline. You have to direct where

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Speaker 4: the money's going. So the next thing we'll talk about

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Speaker 4: like actual investments. But don't think that. Okay, I opened

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Speaker 4: up a Fidelity, I link it to my Chase bank account.

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Speaker 4: I put two thousand dollars from Chase into Fidelity, and

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Speaker 4: now I'm invested into the stock market. That's not you're not.

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Speaker 4: But like I said, that's how it works. That actually happened.

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Speaker 4: Like I said, I I see that what I saw

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Speaker 4: that with retirement when I was a financial adod, I

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Speaker 4: used to see that with retirements, people have money they

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Speaker 4: used to have, like twenty fifty thousand dollars into their

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Speaker 4: retirement account because they didn't. They didn't They would never

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Speaker 4: fully educated that you had to pick something, and they

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Speaker 4: just did the for their retirement plans was a money

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Speaker 4: market account until they decided what they wanted to do

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Speaker 4: with the money. They never decided what they wanted to

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Speaker 4: do with the money, and the money was not grown.

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Speaker 4: It's not a money market is not invested, right, that's

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Speaker 4: like a zero. It's sitting on it's sitting on a sideline.

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Speaker 4: That's just important. Just because you open it, you put

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Speaker 4: it in. Now from there you have to actually put

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Speaker 4: into as.

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Speaker 6: A fact, Chris, I'm gonna go back up to this

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Speaker 6: slide where we're looking at the brokerages.

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Speaker 3: Yeah, is there one that you.

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Speaker 6: Prefer all the other or is this case by case?

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Speaker 6: Like I know E Trade is not on there everybody

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Speaker 6: euyou knows. I love E Trade, but I'm using because

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Speaker 6: for informational purposes it's easier for me. I love the

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Speaker 6: way that we can get information. Is there is there

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Speaker 6: one that is preferred or the other?

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Speaker 5: Vanguard for long term I prefer for strictly long term

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Speaker 5: and or Fidelity. You can't go wrong if that's the mindset.

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Speaker 5: I'm buying holding this for at least ten years. Vanguard

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Speaker 5: and Fidelity are phenomenal e trade Robinhood in one fire.

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Speaker 5: Some of those other ones are good too because they

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Speaker 5: provide even more information and news and other things that

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Speaker 5: is helpful to the user. So there's no order. But

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Speaker 5: except for the long term piece, Fidelity and Vanguard are

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Speaker 5: the ones you're not trying to trade in those with

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Speaker 5: Vanguard at least, you're not using that to be a trader.

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Speaker 5: You're trying to your purpose intently, trying to invest Robinhood. Guys,

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Speaker 5: the next one is in Rishad touched on this. No,

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Speaker 5: go right here to the ETFs. We want to make

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Speaker 5: sure we're being nuanced about this. Putting your money into

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Speaker 5: the brokerage isn't investing. Here's where some of your money

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Speaker 5: should go into. Number one being ETFs and growth stocks.

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Speaker 5: What is the etfre exchange traded funds? Basically, you look

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Speaker 5: at it like you're going to a mall. If your

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Speaker 5: favorite store is inside of that mall. You can kind

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Speaker 5: of similarly look at your stocks in a similar fashion.

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Speaker 5: So it's like a basket of stocks. One thing it

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Speaker 5: does for the truck driver, for the traveling nurse, for

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Speaker 5: the lawyer, for the busy person, the busy parent, the mom,

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Speaker 5: the teacher, the person that don't have a lot of

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Speaker 5: time to sit around but know you should be investing.

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Speaker 5: This is what you want to consider in terms of

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Speaker 5: kind of taking some of the leg work that should

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Speaker 5: be done because you shouldn't know what you're investing in,

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Speaker 5: but it kind of takes some of the legwork out

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Speaker 5: of it for you. So you can kind of invest

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Speaker 5: into these basket of stocks knowing that you're investing in quality,

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Speaker 5: knowing that you're investing in blue chips, knowing that your

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Speaker 5: money is going into the right vehicles that will serve

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Speaker 5: you best long term. Okay, So that's where these ETFs

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Speaker 5: and growth stocks kind of come into place. Speaking of

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Speaker 5: growth stocks, they have a different purpose. So you need

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Speaker 5: to think to yourself, have you been investing? Like Shoddy said,

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Speaker 5: we got so many people still yet invested into the market,

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Speaker 5: and so we know we got more work to do.

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Speaker 5: That's why we don't rest on our lawyers. That's why

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Speaker 5: we showing up every day despite all we got going on,

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Speaker 5: because we got to get you here. The growth stocks

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Speaker 5: will allow for some of you to have a little

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Speaker 5: more growth, to have a little more velocity into your investments,

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Speaker 5: getting those gains that say a dividend stock may not

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Speaker 5: get you. We'll talk about dividend stocks later. But growth

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Speaker 5: stocks are oftentimes not profitable, profitable, not yet profitable, end

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Speaker 5: route to being profitable. But their whole aim and focus

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Speaker 5: is to reinvest in a company to grow it as

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Speaker 5: fast as possible. And so that's another vehicle and mechanism

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Speaker 5: for you to consider when investing. What do I put

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Speaker 5: my money in? You should consider an ETF a basket

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Speaker 5: of stocks. Some that you might know on Vanguard, for instance,

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Speaker 5: would be VTI. If you rock with me, you know

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Speaker 5: we go down through there. That's one of our number

436
00:21:59,640 --> 00:22:04,320
Speaker 5: one home hootings. VTI. You have VOO, you have VIIG

437
00:22:04,600 --> 00:22:08,200
Speaker 5: for if you want that information and growth, you have VUG.

438
00:22:08,840 --> 00:22:12,159
Speaker 5: You have a variety of ETFs that are going to

439
00:22:12,280 --> 00:22:15,520
Speaker 5: do the heavy lifting for you. Inside of those basket

440
00:22:15,560 --> 00:22:17,880
Speaker 5: of stocks that will set you on your way. Then

441
00:22:17,960 --> 00:22:20,280
Speaker 5: you have the growth stocks. Some of you may be

442
00:22:20,359 --> 00:22:25,159
Speaker 5: familiar with the NASDAK, the or the QQQ things that

443
00:22:25,240 --> 00:22:29,000
Speaker 5: have some of our best tech companies inside of them

444
00:22:29,320 --> 00:22:33,240
Speaker 5: that gives you that growth. You see when when when

445
00:22:33,320 --> 00:22:38,200
Speaker 5: Troy helped you guys hit the micro strategies out the park, Well,

446
00:22:38,200 --> 00:22:40,159
Speaker 5: if the options did what he what he helped you

447
00:22:40,200 --> 00:22:42,399
Speaker 5: guys do. What do you think the stock did you

448
00:22:42,560 --> 00:22:46,120
Speaker 5: get those kind of growth opportunities in Nvidia going up

449
00:22:46,320 --> 00:22:49,080
Speaker 5: two hundred percent in a year in a matter in

450
00:22:49,119 --> 00:22:53,040
Speaker 5: a Google when you talking growth stocks because their aim

451
00:22:53,119 --> 00:22:56,080
Speaker 5: and focus is just to tab a bit different than

452
00:22:56,160 --> 00:22:58,320
Speaker 5: other entities and vehicles to invest in.

453
00:22:59,000 --> 00:23:01,560
Speaker 4: Yep, I think. And let's stay on this for a

454
00:23:01,560 --> 00:23:04,560
Speaker 4: minute too, because even to break it down on a

455
00:23:04,920 --> 00:23:07,080
Speaker 4: very like you know, ground level as far as the

456
00:23:07,359 --> 00:23:11,600
Speaker 4: difference between index and ETFs, right, and I love to

457
00:23:11,640 --> 00:23:14,760
Speaker 4: get yet, respective of how we've said before, like an

458
00:23:14,760 --> 00:23:17,680
Speaker 4: index fund is kind of like a supermarket, the whole

459
00:23:17,800 --> 00:23:19,840
Speaker 4: entire supermarket, right, So it's like the S and P

460
00:23:20,000 --> 00:23:23,320
Speaker 4: five hundred. That's something that people should know if you're

461
00:23:23,359 --> 00:23:25,760
Speaker 4: invested in the stock market standing imports five hundred. A

462
00:23:25,760 --> 00:23:26,920
Speaker 4: lot of people have heard of that. They don't know

463
00:23:26,960 --> 00:23:29,640
Speaker 4: what it is. Like, that's five hundred companies, right, that's

464
00:23:29,680 --> 00:23:31,880
Speaker 4: like a microcosm of the of the stock market, which

465
00:23:32,080 --> 00:23:35,320
Speaker 4: companies from the automotive industry, energy tech, all of that,

466
00:23:35,359 --> 00:23:38,679
Speaker 4: and they all come together. So most people consider like

467
00:23:38,680 --> 00:23:41,399
Speaker 4: an index fund is that as the safest way to

468
00:23:41,440 --> 00:23:45,359
Speaker 4: invest because that you get all of those five hundred

469
00:23:45,359 --> 00:23:47,320
Speaker 4: companies or the Russell two thousand, and you get two

470
00:23:47,440 --> 00:23:52,359
Speaker 4: thousand companies where the ETF is like a specific aisle

471
00:23:52,960 --> 00:23:55,639
Speaker 4: inside the grocery store. So it's like you got the

472
00:23:55,720 --> 00:23:59,320
Speaker 4: Indian aisle or you got the Mediterranean aisle right where.

473
00:23:59,680 --> 00:24:03,280
Speaker 4: Just so it's like if we talk about nvidio line,

474
00:24:03,359 --> 00:24:05,400
Speaker 4: we talk about computer chip stocks, well, there is an

475
00:24:05,920 --> 00:24:11,439
Speaker 4: ETF called SMH which only specializes in computer chips. So

476
00:24:12,000 --> 00:24:15,960
Speaker 4: the benefit with the ETF to me is that if

477
00:24:16,000 --> 00:24:20,480
Speaker 4: you're not fully confident, you know, you want to invest

478
00:24:20,520 --> 00:24:23,160
Speaker 4: in one sector, but you're not fully confident in putting

479
00:24:23,200 --> 00:24:25,960
Speaker 4: all your eggs in one basket with one particular stock,

480
00:24:26,560 --> 00:24:29,280
Speaker 4: then you get the all star team, right, you get

481
00:24:29,560 --> 00:24:32,520
Speaker 4: all of those different companies, right, which will make up

482
00:24:32,560 --> 00:24:35,520
Speaker 4: that ETF. It's not going to do as well as

483
00:24:35,560 --> 00:24:37,760
Speaker 4: that one company if that one company strikes it out

484
00:24:37,800 --> 00:24:42,200
Speaker 4: the park, but you've had your risk right because now

485
00:24:42,240 --> 00:24:46,439
Speaker 4: you've got ten fifteen companies, but they're all in the

486
00:24:46,480 --> 00:24:51,280
Speaker 4: same exact industry as opposed to just one leader in

487
00:24:51,720 --> 00:24:52,320
Speaker 4: that industry.

488
00:24:52,560 --> 00:24:54,520
Speaker 6: It's kind of like that table strategy that we spoke

489
00:24:54,560 --> 00:24:56,520
Speaker 6: about years ago, where it was like, all right, I'm

490
00:24:56,520 --> 00:24:59,639
Speaker 6: going to build my investment table on ETFs or if

491
00:24:59,640 --> 00:25:02,240
Speaker 6: it's a mature that has all the semiconductors, I can

492
00:25:02,320 --> 00:25:04,200
Speaker 6: have simation as one of my legs. If I were

493
00:25:04,400 --> 00:25:06,480
Speaker 6: individually want to invest in video, that can sit on

494
00:25:06,520 --> 00:25:10,200
Speaker 6: top of the table. If in video rises, SMAH is

495
00:25:10,200 --> 00:25:12,200
Speaker 6: going to rise right because of the allocation. And that's

496
00:25:12,200 --> 00:25:15,959
Speaker 6: the beautiful thing about ETFs. The percentage that is invested

497
00:25:16,000 --> 00:25:19,480
Speaker 6: in these companies change. So when TSM was running, TSM

498
00:25:19,560 --> 00:25:23,400
Speaker 6: let the SMA, ETF and Vidia has taken over over

499
00:25:23,440 --> 00:25:24,120
Speaker 6: the past two years.

500
00:25:24,160 --> 00:25:25,360
Speaker 3: Now in video is the number.

501
00:25:25,200 --> 00:25:29,000
Speaker 6: One allocation aside of estimation. So that's beautiful. It actually

502
00:25:29,040 --> 00:25:31,360
Speaker 6: is investing for you when you don't have to. Yes,

503
00:25:31,440 --> 00:25:34,199
Speaker 6: the upside isn't as great, but the downside isn't as

504
00:25:35,480 --> 00:25:38,119
Speaker 6: volatile as well, and so that's important to know. You

505
00:25:38,240 --> 00:25:40,800
Speaker 6: talked about growth stocks. A lot of people always hear growth,

506
00:25:40,840 --> 00:25:43,560
Speaker 6: they hear value. There's a difference, right growth. Your broad

507
00:25:43,600 --> 00:25:45,720
Speaker 6: are some of the megacap companies, you know, the Max

508
00:25:45,760 --> 00:25:48,760
Speaker 6: seven you talked about, But the value stocks are a

509
00:25:48,800 --> 00:25:51,800
Speaker 6: little bit different where it's like they're trading below their value,

510
00:25:51,880 --> 00:25:55,600
Speaker 6: but they have upside which could mean potential higher growth.

511
00:25:56,160 --> 00:25:59,040
Speaker 6: So if I'm a beginner investor, am I looking for

512
00:25:59,119 --> 00:26:02,120
Speaker 6: growth or am I looking for value in the anticipation

513
00:26:02,160 --> 00:26:03,280
Speaker 6: of a higher upside.

514
00:26:03,480 --> 00:26:08,680
Speaker 5: These are things that your age, your personal goals. These

515
00:26:08,720 --> 00:26:12,440
Speaker 5: are those things that determines that, Okay, if you're younger,

516
00:26:12,880 --> 00:26:16,160
Speaker 5: for example, you might you might look at a value

517
00:26:16,200 --> 00:26:18,880
Speaker 5: that that is got a little growth to it. If

518
00:26:18,920 --> 00:26:21,680
Speaker 5: you are at a retirement age, if you don't want

519
00:26:21,680 --> 00:26:25,080
Speaker 5: the volatility, then you may want something that's slow and steady.

520
00:26:25,600 --> 00:26:29,080
Speaker 5: You may want something that that's less volatile so that

521
00:26:29,359 --> 00:26:32,720
Speaker 5: you can rest easy at night knowing, yes, I'm invested,

522
00:26:33,400 --> 00:26:36,960
Speaker 5: but I got a medium to low risk. Can I

523
00:26:36,960 --> 00:26:41,960
Speaker 5: can keep my nerves in check versus versus the younger

524
00:26:41,960 --> 00:26:45,440
Speaker 5: individual that's investing at some of my eighteen year olds

525
00:26:45,440 --> 00:26:47,320
Speaker 5: that's in the money team to twenty four year olds.

526
00:26:47,760 --> 00:26:51,600
Speaker 5: Some of you guys are able to get in get

527
00:26:51,640 --> 00:26:54,240
Speaker 5: in some of those fast moving cars, if you will,

528
00:26:54,880 --> 00:26:57,720
Speaker 5: that has a lot of runway ahead of them. So

529
00:26:58,119 --> 00:27:00,800
Speaker 5: you might want to make sure you just simply looking

530
00:27:00,840 --> 00:27:05,760
Speaker 5: at your situation, your age, your income, where you're at

531
00:27:05,800 --> 00:27:08,919
Speaker 5: on your own journey. And these are the factors or

532
00:27:08,960 --> 00:27:11,320
Speaker 5: some of the factors that come into play when you're

533
00:27:11,320 --> 00:27:14,800
Speaker 5: thinking value versus growth, or when you want to do

534
00:27:14,840 --> 00:27:17,000
Speaker 5: a mixture of the two. And I like what both

535
00:27:17,040 --> 00:27:22,160
Speaker 5: of you guys said about the ESMH and the Aisle guys.

536
00:27:22,160 --> 00:27:25,080
Speaker 5: I'm an athlete and I use I use sports to

537
00:27:25,080 --> 00:27:28,320
Speaker 5: teach the stock market. And so you want to look

538
00:27:28,359 --> 00:27:33,160
Speaker 5: at the ETFs, and like Rashad said about the SMH,

539
00:27:33,720 --> 00:27:40,880
Speaker 5: think about super teams. Think about having lebron kd Steph, Wimby,

540
00:27:41,720 --> 00:27:46,240
Speaker 5: and Carmelo on the same team. Think of think of

541
00:27:47,080 --> 00:27:49,720
Speaker 5: think of owning the best five hundred companies or the

542
00:27:50,280 --> 00:27:54,360
Speaker 5: best top stocks in that sector. In that mindset, when

543
00:27:54,400 --> 00:27:56,720
Speaker 5: it helps you know I got some of the best

544
00:27:56,720 --> 00:27:59,359
Speaker 5: of the best, I got the best in class. I

545
00:27:59,520 --> 00:28:03,520
Speaker 5: have the things that should do right by my money

546
00:28:03,800 --> 00:28:07,359
Speaker 5: long term, always highlighting long term. So now that's a

547
00:28:07,359 --> 00:28:09,520
Speaker 5: good one with the value and growth Troy.

548
00:28:10,000 --> 00:28:12,719
Speaker 6: Yeah, if somebody's like still trying to figure out, I'll

549
00:28:12,720 --> 00:28:15,760
Speaker 6: give you an example a company like Tesla, right like

550
00:28:15,800 --> 00:28:17,760
Speaker 6: you look at if you look at Tesla's chart over

551
00:28:17,800 --> 00:28:20,080
Speaker 6: the past two to three years, maybe five years, we

552
00:28:20,119 --> 00:28:22,320
Speaker 6: can go back five years and you watch the movement

553
00:28:22,359 --> 00:28:23,520
Speaker 6: that volatility.

554
00:28:23,520 --> 00:28:24,359
Speaker 3: This is a growth stock.

555
00:28:24,400 --> 00:28:27,160
Speaker 6: We can see it has a long runway it trades volatively,

556
00:28:27,440 --> 00:28:28,840
Speaker 6: but we're in it for the long term.

557
00:28:28,920 --> 00:28:31,720
Speaker 3: Right. If you look like a value stock like a Verrizon.

558
00:28:31,800 --> 00:28:34,439
Speaker 6: I remember investing in a Horizon ten years ago, and

559
00:28:34,480 --> 00:28:38,600
Speaker 6: I'm just sitting there, like, this thing's trade sideways forever, right,

560
00:28:39,080 --> 00:28:41,520
Speaker 6: give a dividend, right, So there's there's value inside of

561
00:28:41,520 --> 00:28:44,320
Speaker 6: that company. So it's a strong company. It does move up,

562
00:28:44,520 --> 00:28:46,600
Speaker 6: but it doesn't move as quickly. So those would be

563
00:28:46,680 --> 00:28:49,760
Speaker 6: like the differences if you're thinking value first growth.

564
00:28:50,040 --> 00:28:54,120
Speaker 4: And then also it's like for even the index ETF

565
00:28:54,400 --> 00:28:59,360
Speaker 4: individual stock, well, like sometimes you have like Apple, right,

566
00:28:59,400 --> 00:29:02,120
Speaker 4: it's a company I'm invested in on an individual stock,

567
00:29:02,160 --> 00:29:04,480
Speaker 4: I'm invested in that company, and then I'm invested in

568
00:29:04,520 --> 00:29:06,440
Speaker 4: the S and P five hundred, which Apple is a

569
00:29:06,480 --> 00:29:08,280
Speaker 4: part of the S and P five hundred. Then I'm

570
00:29:08,320 --> 00:29:13,400
Speaker 4: invested in a specific technology ETF called XLK, which has

571
00:29:13,440 --> 00:29:15,960
Speaker 4: some thing like thirteen stocks in that, so and Apples

572
00:29:15,960 --> 00:29:17,400
Speaker 4: one of is like the one of the leading the

573
00:29:17,440 --> 00:29:19,920
Speaker 4: leading holder in that as part as the percentage makeup.

574
00:29:20,000 --> 00:29:24,520
Speaker 4: So I'm in the Apple from the large ocean to

575
00:29:25,160 --> 00:29:29,760
Speaker 4: the smaller pond to the stream, right, so I have

576
00:29:29,840 --> 00:29:34,200
Speaker 4: exposure on every level. But sometimes when you when you're

577
00:29:34,200 --> 00:29:35,800
Speaker 4: in a company, that's the way to kind of look

578
00:29:35,840 --> 00:29:37,400
Speaker 4: at it as well, where it's like, Okay, I like

579
00:29:37,440 --> 00:29:40,320
Speaker 4: this company, but I want to I want to have

580
00:29:41,000 --> 00:29:43,960
Speaker 4: some level of protection and some diversification where I can

581
00:29:44,000 --> 00:29:47,600
Speaker 4: get other companies as well. So you know when that's

582
00:29:47,640 --> 00:29:50,200
Speaker 4: the strategy too, it's like, you know, own the company,

583
00:29:50,720 --> 00:29:52,840
Speaker 4: then own the ETF that the company is in, then

584
00:29:52,880 --> 00:29:55,520
Speaker 4: own the index that the company is in. Most of

585
00:29:55,560 --> 00:29:57,800
Speaker 4: the time, if it's like a good company, they're going

586
00:29:57,880 --> 00:30:00,160
Speaker 4: to be in the S and P five hundred, They're

587
00:30:00,160 --> 00:30:03,360
Speaker 4: going to be in a lot of like Apple, Microsoft,

588
00:30:03,480 --> 00:30:07,960
Speaker 4: these are companies that are leading the world, so they're

589
00:30:08,000 --> 00:30:10,760
Speaker 4: going to be in QQQ, they're going to be in XLK,

590
00:30:10,960 --> 00:30:12,560
Speaker 4: they're going to be in the S and P five hundred,

591
00:30:12,600 --> 00:30:14,280
Speaker 4: they're going to be in VOH. So it's a lot

592
00:30:14,280 --> 00:30:16,440
Speaker 4: of overlap. A lot of times you'll see a lot

593
00:30:16,440 --> 00:30:19,080
Speaker 4: of overlapp in that. So that's important for people to

594
00:30:19,400 --> 00:30:20,160
Speaker 4: understand as well.

595
00:30:20,200 --> 00:30:21,440
Speaker 6: It's kind of one of those stores when you tell

596
00:30:21,480 --> 00:30:25,120
Speaker 6: people follow the money, right, Like if something's been added

597
00:30:25,160 --> 00:30:27,160
Speaker 6: to the S and P, that's because a lot of

598
00:30:27,160 --> 00:30:29,560
Speaker 6: money is being poured to it by heshack. People are

599
00:30:29,560 --> 00:30:31,880
Speaker 6: invested in that company to now put it on that index.

600
00:30:31,920 --> 00:30:34,240
Speaker 6: So we just saw Volunteer get added to the S

601
00:30:34,240 --> 00:30:36,880
Speaker 6: and P five hundred. Well there's the reader is Volunteer

602
00:30:36,960 --> 00:30:38,440
Speaker 6: had an amazing year. It was up two hundred and

603
00:30:38,440 --> 00:30:40,760
Speaker 6: seventy nine percent. Now that's added into the S and

604
00:30:40,800 --> 00:30:43,880
Speaker 6: P five hundred. So follow the big money. I'm glad

605
00:30:43,920 --> 00:30:47,200
Speaker 6: you brought up Vanguard. I brought these institutions. Don't invest

606
00:30:47,240 --> 00:30:49,560
Speaker 6: into these companies for no reason, it's because they're trying

607
00:30:49,560 --> 00:30:50,320
Speaker 6: to make money as well.

608
00:30:50,360 --> 00:30:51,840
Speaker 4: Before we go to next, I want to ask you

609
00:30:51,880 --> 00:30:55,200
Speaker 4: a question because another thing is by people is like Okay,

610
00:30:55,520 --> 00:30:57,360
Speaker 4: how much should I invest? That's a that's a big

611
00:30:57,440 --> 00:31:01,520
Speaker 4: question the question, So what's your thoughts on that? And

612
00:31:01,560 --> 00:31:04,120
Speaker 4: like dollar cost averaging, Like do you do you encourage

613
00:31:04,120 --> 00:31:06,760
Speaker 4: people to take the dollar cost averaging approach?

614
00:31:07,240 --> 00:31:10,400
Speaker 5: I do. I do my thing. And we know the

615
00:31:10,480 --> 00:31:12,880
Speaker 5: numbers were shot in Troy. We need as many people

616
00:31:12,920 --> 00:31:17,480
Speaker 5: investing as possible. So because they allow fractional shares, because

617
00:31:17,520 --> 00:31:21,800
Speaker 5: they allow different ways to get into the market.

618
00:31:21,960 --> 00:31:23,640
Speaker 4: Talk about that, like explain what fractional shares.

619
00:31:23,760 --> 00:31:27,160
Speaker 5: Fractional shares means. You can buy a fraction of a set.

620
00:31:27,200 --> 00:31:30,400
Speaker 5: So the stock, say is five hundred dollars, and you

621
00:31:30,520 --> 00:31:32,920
Speaker 5: don't have five hundred dollars, but you want to own

622
00:31:33,920 --> 00:31:38,120
Speaker 5: that stock, you can pay fifty dollars, or you can

623
00:31:38,120 --> 00:31:40,800
Speaker 5: pay one hundred and fifty dollars or two hundred, whatever

624
00:31:40,880 --> 00:31:44,120
Speaker 5: you can afford, whatever it's feasible for you, after your

625
00:31:44,160 --> 00:31:47,320
Speaker 5: bills is paid, after you have handled all your responsibilities

626
00:31:47,560 --> 00:31:50,720
Speaker 5: and you got this money allocated to side for investing.

627
00:31:51,120 --> 00:31:53,920
Speaker 5: If you don't have five hundred, you can still put

628
00:31:53,920 --> 00:31:56,600
Speaker 5: in what you do have, whether that's fifty dollars, one

629
00:31:56,640 --> 00:32:00,480
Speaker 5: hundred dollars, five dollars, whatever it is. Now, the goal

630
00:32:00,520 --> 00:32:02,880
Speaker 5: we won't want you to stay there. The goal is

631
00:32:02,920 --> 00:32:06,240
Speaker 5: to practice the habit of you know what, instead of

632
00:32:06,240 --> 00:32:09,280
Speaker 5: blowing the money, I put what I had and could

633
00:32:09,800 --> 00:32:12,760
Speaker 5: into this stock, even if it was a fractional share,

634
00:32:12,800 --> 00:32:15,880
Speaker 5: because guess what, with a fractional share, you're still getting

635
00:32:15,960 --> 00:32:20,840
Speaker 5: a percentage of that stock on the mount you invested. So,

636
00:32:21,760 --> 00:32:26,400
Speaker 5: Rishad just told you guys about it in Nvidia, Troy

637
00:32:26,480 --> 00:32:29,520
Speaker 5: just told you guys about Polunteer. These are two phenomenal

638
00:32:29,520 --> 00:32:33,840
Speaker 5: companies that have phenomenal years. Whether you had ten thousand

639
00:32:33,880 --> 00:32:38,080
Speaker 5: dollars or five hundred dollars invested in it. If the

640
00:32:38,080 --> 00:32:42,960
Speaker 5: stock double your five hundred dollars, your fractional shares will double.

641
00:32:43,000 --> 00:32:46,960
Speaker 5: The mount you invest will appreciate with the percent gain

642
00:32:47,160 --> 00:32:47,840
Speaker 5: of that stock.

643
00:32:48,160 --> 00:32:51,920
Speaker 4: So yes, it's important people to even when picking up brokerage,

644
00:32:51,920 --> 00:32:56,160
Speaker 4: because not all brokerages have fractional very true, very if

645
00:32:56,200 --> 00:32:58,239
Speaker 4: you notice, you know that that's something that you're going

646
00:32:58,280 --> 00:32:59,160
Speaker 4: to be like, you know, if you're going to be

647
00:32:59,200 --> 00:33:01,720
Speaker 4: investing in smaller mouth some money like robin Hood has

648
00:33:01,720 --> 00:33:05,040
Speaker 4: fractional shares, so you could just google, you know, does

649
00:33:05,040 --> 00:33:09,680
Speaker 4: this brokerage allow fractional share everybody? That's important because like

650
00:33:09,720 --> 00:33:11,480
Speaker 4: you said, I mean, if you're invested in a company

651
00:33:11,520 --> 00:33:14,560
Speaker 4: and it's a thousand dollars and then it's like you

652
00:33:14,600 --> 00:33:16,600
Speaker 4: got to wait six months to get the thousand dollars

653
00:33:16,600 --> 00:33:18,440
Speaker 4: and that's going to stop you from investing as opposed

654
00:33:18,480 --> 00:33:21,640
Speaker 4: to investing one hundred dollars every single month and getting

655
00:33:21,640 --> 00:33:23,880
Speaker 4: a fractional share of that. You know, that's important.

656
00:33:23,880 --> 00:33:25,800
Speaker 3: The fractional share part is important.

657
00:33:25,800 --> 00:33:28,120
Speaker 6: But also we come up in an age where you

658
00:33:28,160 --> 00:33:30,520
Speaker 6: actually have to have a minimum to have a Brokens account.

659
00:33:31,000 --> 00:33:33,440
Speaker 3: Not true anymore there are plenty of brokenure. These are

660
00:33:33,480 --> 00:33:34,479
Speaker 3: the things you should research.

661
00:33:34,600 --> 00:33:36,960
Speaker 6: Right, is there a minimum amount needed to open a

662
00:33:37,000 --> 00:33:39,360
Speaker 6: Brokens account? I know sometimes it was a thousand and

663
00:33:39,440 --> 00:33:40,240
Speaker 6: then it gets down.

664
00:33:40,080 --> 00:33:40,680
Speaker 3: To five hundred.

665
00:33:40,920 --> 00:33:43,440
Speaker 5: It needs to be three thousand exactly.

666
00:33:43,000 --> 00:33:45,360
Speaker 6: And now there are plenty that have no minimums. So

667
00:33:45,480 --> 00:33:47,480
Speaker 6: when people say how much do I need to start?

668
00:33:47,680 --> 00:33:48,920
Speaker 6: How much are you willing to start with?

669
00:33:49,000 --> 00:33:50,560
Speaker 3: Really you got to fit.

670
00:33:50,520 --> 00:33:52,640
Speaker 5: Out ask a better question, how much are you willing

671
00:33:52,640 --> 00:33:55,800
Speaker 5: to start with? And our thing is we got to

672
00:33:55,920 --> 00:34:00,720
Speaker 5: repair our relationship with money, So I would rather start small,

673
00:34:00,880 --> 00:34:03,320
Speaker 5: smart with what we have so we can start developing

674
00:34:03,360 --> 00:34:07,480
Speaker 5: good habits. It's about changing what we were once doing

675
00:34:07,840 --> 00:34:09,839
Speaker 5: to trying to do what we should have been doing

676
00:34:09,880 --> 00:34:13,520
Speaker 5: all along. If we can start five fifty, one hundred,

677
00:34:13,560 --> 00:34:17,520
Speaker 5: whatever you have, and then make it a goal, make

678
00:34:17,560 --> 00:34:19,480
Speaker 5: it a goal to say I want to get my

679
00:34:19,520 --> 00:34:21,680
Speaker 5: first thousand, I want to get my first five thousand,

680
00:34:21,719 --> 00:34:23,879
Speaker 5: I want to get my first ten. But I had

681
00:34:23,920 --> 00:34:26,840
Speaker 5: to start somewhere, and I remember starting with this, and

682
00:34:26,880 --> 00:34:29,960
Speaker 5: so Troy is right. Pick a brokerage that at least

683
00:34:30,040 --> 00:34:32,560
Speaker 5: allow you to start with what you got versus letting

684
00:34:32,600 --> 00:34:35,479
Speaker 5: it deter you. And then you hold off for another year,

685
00:34:36,200 --> 00:34:38,920
Speaker 5: and you letting another year go by without you investing.

686
00:34:38,960 --> 00:34:41,480
Speaker 5: And like Rashad told you at the beginning of this episode,

687
00:34:41,880 --> 00:34:45,080
Speaker 5: infation will eat you up and leave you in a dust.

688
00:34:45,120 --> 00:34:48,000
Speaker 5: If you don't get invested and be in it for

689
00:34:48,040 --> 00:34:49,800
Speaker 5: the long term, your money is not going to be

690
00:34:49,840 --> 00:34:52,279
Speaker 5: able to work on your behalf. So even if it's

691
00:34:52,320 --> 00:34:56,520
Speaker 5: a fractional share, that's imperative that you at least do that,

692
00:34:56,760 --> 00:34:58,440
Speaker 5: because I still better than doing nothing.

693
00:34:59,120 --> 00:35:01,719
Speaker 4: And then talk about cost averaging and.

694
00:35:01,760 --> 00:35:05,680
Speaker 5: Dollar cost averaging DCA. You might hear that lingo use

695
00:35:05,760 --> 00:35:09,080
Speaker 5: on CNBC. It shows like that they talk about investing.

696
00:35:09,440 --> 00:35:14,520
Speaker 5: It simply means allocating a certain amount every single time

697
00:35:14,560 --> 00:35:17,840
Speaker 5: you get paid, whether that's bi weekly, weekly, monthly. So

698
00:35:17,880 --> 00:35:21,760
Speaker 5: if you buying two point fifty of a fractional share,

699
00:35:22,200 --> 00:35:25,240
Speaker 5: you're buying two fifty every Friday, no matter the price

700
00:35:25,920 --> 00:35:30,000
Speaker 5: two fifty, two fifty, two fifty, whether it's an update

701
00:35:30,080 --> 00:35:33,040
Speaker 5: a down day, whether the price is up lower, you

702
00:35:33,160 --> 00:35:37,640
Speaker 5: are repeating the same habit every day, your dollar cost averaging,

703
00:35:37,680 --> 00:35:40,920
Speaker 5: whether the stock is up or low, and you're getting

704
00:35:40,960 --> 00:35:44,359
Speaker 5: the medium of all of that over the long term.

705
00:35:44,400 --> 00:35:46,680
Speaker 5: And so the goal is for at the end of

706
00:35:46,719 --> 00:35:49,680
Speaker 5: your dollar cost averaging for you to have a decent

707
00:35:49,760 --> 00:35:54,239
Speaker 5: average cost so that once the stock appreciates value, you

708
00:35:54,320 --> 00:35:56,440
Speaker 5: can kind of see that return on your investment. So

709
00:35:56,800 --> 00:36:01,279
Speaker 5: dollar cost averaging is also something you can commit to.

710
00:36:01,400 --> 00:36:06,280
Speaker 5: It's no different than letting the money get automatically withdrawn

711
00:36:06,320 --> 00:36:08,680
Speaker 5: out your account to pay the light bill, to pay

712
00:36:08,680 --> 00:36:12,760
Speaker 5: your Verizon bill. You want to set up something similar

713
00:36:13,360 --> 00:36:15,960
Speaker 5: once you have budgeted, you want to set up and

714
00:36:16,000 --> 00:36:20,440
Speaker 5: have something similar to dollar cost average into your ETF,

715
00:36:20,640 --> 00:36:24,920
Speaker 5: into your stock, your individual stock, into your dividy in stock,

716
00:36:25,320 --> 00:36:30,360
Speaker 5: into your how your savings account. All of these habits

717
00:36:30,800 --> 00:36:34,840
Speaker 5: can be replicated across the spectrum on what you should

718
00:36:34,840 --> 00:36:37,400
Speaker 5: be doing on a consistent basis.

719
00:36:37,400 --> 00:36:41,280
Speaker 4: And that's something that's important too, because that's another hurdle

720
00:36:41,800 --> 00:36:46,040
Speaker 4: that stops people. They're like, I want to save up

721
00:36:46,080 --> 00:36:48,839
Speaker 4: to invest because it's like a lot of times people

722
00:36:48,840 --> 00:36:50,719
Speaker 4: think like you got to have a lump sung. There's

723
00:36:50,719 --> 00:36:53,360
Speaker 4: two ways to invest right, the dollar cost average method

724
00:36:53,640 --> 00:36:55,759
Speaker 4: where you put money in weekly, you put money in

725
00:36:55,800 --> 00:36:58,160
Speaker 4: two times a month, you put money in monthly, same

726
00:36:58,200 --> 00:37:02,839
Speaker 4: amount every single month, or you can do a lump sum.

727
00:37:03,640 --> 00:37:06,240
Speaker 4: I'm gonna put ten thousand dollars into the market. Now,

728
00:37:06,920 --> 00:37:09,239
Speaker 4: the problem with that is that a lot of times

729
00:37:09,239 --> 00:37:13,719
Speaker 4: it's difficult to get the lump sum and something always

730
00:37:13,760 --> 00:37:15,520
Speaker 4: comes up. It's like, if it's a goal to save

731
00:37:15,600 --> 00:37:18,480
Speaker 4: five thousand dollars, your tie your blows out, and your

732
00:37:18,560 --> 00:37:23,360
Speaker 4: kid you gotta you know, get braces, and something always happens.

733
00:37:23,800 --> 00:37:26,920
Speaker 4: So it stops you from that goal because you're not

734
00:37:27,000 --> 00:37:28,640
Speaker 4: able to save up the money. But even if you

735
00:37:28,760 --> 00:37:31,160
Speaker 4: were to save up the money, it's actually been researched

736
00:37:31,160 --> 00:37:34,600
Speaker 4: that but an average person it's difficult to kind of

737
00:37:34,800 --> 00:37:39,320
Speaker 4: pick the bottom of the market. So it's been proven

738
00:37:39,840 --> 00:37:44,040
Speaker 4: that over the long haul dollar cost averaging you actually

739
00:37:44,160 --> 00:37:48,080
Speaker 4: your returns are better than putting a lump sum of

740
00:37:48,080 --> 00:37:50,839
Speaker 4: money into the market. So if you had, let's say

741
00:37:50,840 --> 00:37:52,800
Speaker 4: twelve thousand dollars, just to make it an even number,

742
00:37:53,880 --> 00:37:56,919
Speaker 4: it's better to put a thousand dollars a month into

743
00:37:56,960 --> 00:38:00,279
Speaker 4: the market as opposed to having twelve thousand dollars than

744
00:38:00,400 --> 00:38:04,319
Speaker 4: just trying to pick the right time. That's difficult. You

745
00:38:04,320 --> 00:38:06,600
Speaker 4: can do it, but that's a little bit. That's a

746
00:38:06,600 --> 00:38:07,800
Speaker 4: little bit more as hard.

747
00:38:07,640 --> 00:38:12,040
Speaker 5: Dollar you spot on dollar cost average eliminates your ability

748
00:38:12,040 --> 00:38:14,840
Speaker 5: to try to time the market. You're just always investing.

749
00:38:14,880 --> 00:38:18,200
Speaker 5: You're always buying, and we should always be buying. If

750
00:38:18,239 --> 00:38:19,840
Speaker 5: you have a stock that you want to hold for

751
00:38:19,880 --> 00:38:23,200
Speaker 5: the next ten years, you should always be buying it. Especially,

752
00:38:24,040 --> 00:38:27,359
Speaker 5: you should be considering buying more on a red day,

753
00:38:27,440 --> 00:38:31,640
Speaker 5: down day or five percent down. Have benchmarks, you said,

754
00:38:31,640 --> 00:38:33,960
Speaker 5: if my stock is five percent down from the fifty

755
00:38:34,000 --> 00:38:36,680
Speaker 5: two week high, if it's ten percent down from the

756
00:38:36,719 --> 00:38:39,399
Speaker 5: fifty two week high, if it's twenty percent down from

757
00:38:39,400 --> 00:38:43,120
Speaker 5: the fifty two week high, these are my cues to buy,

758
00:38:43,719 --> 00:38:46,120
Speaker 5: buy more. On top of the dollar cost averaging, you

759
00:38:46,200 --> 00:38:49,040
Speaker 5: were just naturally doing, like Rishard said, out of your

760
00:38:49,120 --> 00:38:52,239
Speaker 5: check every two weeks. You was already putting the money in.

761
00:38:52,320 --> 00:38:55,719
Speaker 5: But if it comes down significantly, guys, we need to

762
00:38:55,719 --> 00:38:59,319
Speaker 5: see that as an opportunity to buy more. Oftentimes we

763
00:38:59,360 --> 00:39:04,840
Speaker 5: talk about we love a sell any other time flyers

764
00:39:04,840 --> 00:39:10,080
Speaker 5: we like to get. We don't mind getting something on sale. However,

765
00:39:10,719 --> 00:39:13,759
Speaker 5: only in the stock market when their assets are on

766
00:39:13,880 --> 00:39:17,239
Speaker 5: sale do we now stop doing what the very thing

767
00:39:17,280 --> 00:39:19,520
Speaker 5: we should be doing. We stopped out a cost averaging,

768
00:39:19,800 --> 00:39:23,160
Speaker 5: We stopped buying on a consistent basis. No, that's when

769
00:39:23,160 --> 00:39:26,960
Speaker 5: you want to you want to get that asset at

770
00:39:27,000 --> 00:39:30,239
Speaker 5: the lowest price possible, because you're preparing yourself for the

771
00:39:30,280 --> 00:39:33,879
Speaker 5: better gain and return once it starts its uptrend again.

772
00:39:34,080 --> 00:39:36,160
Speaker 5: So these are the little things that come with it

773
00:39:36,200 --> 00:39:38,080
Speaker 5: that you can get to Terred as a new investor,

774
00:39:38,960 --> 00:39:42,759
Speaker 5: we hear this all the time, Oh my money went down.

775
00:39:43,960 --> 00:39:46,759
Speaker 5: We already looking at it wrong. You know what I'm saying.

776
00:39:46,760 --> 00:39:48,680
Speaker 5: We already looking at it wrong. And we need you

777
00:39:48,719 --> 00:39:50,840
Speaker 5: to understand it's going to go down. That's your you

778
00:39:50,960 --> 00:39:53,080
Speaker 5: to buy more. You need to just you don't need

779
00:39:53,120 --> 00:39:55,640
Speaker 5: to worry about if it went down, where is it

780
00:39:55,680 --> 00:39:57,920
Speaker 5: going to be three years from now? Where's it going

781
00:39:57,960 --> 00:40:00,920
Speaker 5: to be five years from now? Is question you should

782
00:40:00,920 --> 00:40:03,960
Speaker 5: be saying. And so as it goes down, that's your

783
00:40:04,040 --> 00:40:07,920
Speaker 5: chance to get it lower. We understand buy low and

784
00:40:07,960 --> 00:40:11,759
Speaker 5: sell high in every in every other context, except when

785
00:40:11,760 --> 00:40:16,000
Speaker 5: it come to investing. We got to change that. And

786
00:40:16,080 --> 00:40:20,439
Speaker 5: so guys, dollar cost average buy stocks when they're low,

787
00:40:20,800 --> 00:40:24,040
Speaker 5: buy consistently, and then have a mechanism in place on

788
00:40:24,120 --> 00:40:27,640
Speaker 5: top of dollar cost averaging. We may double our investment

789
00:40:27,719 --> 00:40:31,080
Speaker 5: if we can. If it's five percent down, ten percent down,

790
00:40:31,160 --> 00:40:34,880
Speaker 5: twenty percent down. If we have a long term outlook.

791
00:40:35,120 --> 00:40:39,279
Speaker 6: Okay, I mean the most important thing is having a plan,

792
00:40:39,400 --> 00:40:41,759
Speaker 6: and it kind of said I like the parameters around

793
00:40:41,880 --> 00:40:42,439
Speaker 6: what you're saying.

794
00:40:42,480 --> 00:40:44,560
Speaker 3: Right, we're going to dollar cost average number one.

795
00:40:44,560 --> 00:40:46,160
Speaker 6: We're gonna look at that asset and see if it's

796
00:40:46,200 --> 00:40:47,759
Speaker 6: appreciated whatever that percentage is.

797
00:40:47,800 --> 00:40:48,760
Speaker 3: I think that's important.

798
00:40:49,280 --> 00:40:52,480
Speaker 6: People get confused into saying, well, what stocks should I

799
00:40:52,520 --> 00:40:53,000
Speaker 6: be buying?

800
00:40:53,080 --> 00:40:54,880
Speaker 3: Right? What's your thoughts.

801
00:40:54,640 --> 00:40:57,880
Speaker 6: Around looking at around where I'm already invested in and

802
00:40:58,040 --> 00:41:00,560
Speaker 6: starting there? Right, So, if I have an iPhone, I

803
00:41:00,560 --> 00:41:02,880
Speaker 6: should be invested with Apple. I'm already invested in the

804
00:41:02,920 --> 00:41:05,920
Speaker 6: company from the consumer side. What's your thoughts around that mindset?

805
00:41:06,040 --> 00:41:09,440
Speaker 5: I love that you brought this up. I often say this,

806
00:41:09,760 --> 00:41:13,880
Speaker 5: and sometimes this don't go over well. You invest in

807
00:41:13,920 --> 00:41:16,520
Speaker 5: what you know, like in love, when you're first starting out,

808
00:41:17,120 --> 00:41:20,719
Speaker 5: that's still better than doing nothing. If we got our

809
00:41:20,719 --> 00:41:23,640
Speaker 5: phones right here, this is an Apple phone that's on

810
00:41:23,760 --> 00:41:28,040
Speaker 5: Verizon service. I own both of those stocks. Okay, But

811
00:41:28,160 --> 00:41:31,160
Speaker 5: now we're seasoned investors, we know way more that we

812
00:41:31,200 --> 00:41:33,560
Speaker 5: know the fundamentals of the company that we so we're

813
00:41:33,680 --> 00:41:36,680
Speaker 5: further down the road now. But when you're first starting

814
00:41:36,719 --> 00:41:39,239
Speaker 5: off investing what you know, like in love. Anything that

815
00:41:39,280 --> 00:41:44,200
Speaker 5: you use consistently, patronize consistently products you like or use

816
00:41:44,239 --> 00:41:46,879
Speaker 5: on a regular that's a good place to start because

817
00:41:46,920 --> 00:41:49,319
Speaker 5: at least you have an infinity in some type of

818
00:41:49,360 --> 00:41:52,800
Speaker 5: relationship and or connection with that asset that you're not

819
00:41:53,000 --> 00:41:56,800
Speaker 5: investing in. You're not just being a consumer. So start there.

820
00:41:57,040 --> 00:41:59,799
Speaker 5: But then you might learn down the road like oh

821
00:41:59,840 --> 00:42:01,560
Speaker 5: this this is a good company, but this is not

822
00:42:01,640 --> 00:42:04,360
Speaker 5: a good stock. Then you can try to get deep

823
00:42:04,840 --> 00:42:07,239
Speaker 5: and go off into the weeds a little bit and

824
00:42:07,840 --> 00:42:10,960
Speaker 5: figure out those nuances that this is a good company,

825
00:42:10,960 --> 00:42:13,200
Speaker 5: but it ain't a good stock. Let me not invest

826
00:42:13,200 --> 00:42:16,680
Speaker 5: in this and move on. But starting out, I'm a

827
00:42:16,680 --> 00:42:20,600
Speaker 5: big proponent get started number one dollar cost average, and

828
00:42:21,280 --> 00:42:25,160
Speaker 5: consider investing in what you know, like in love. Least,

829
00:42:25,239 --> 00:42:28,400
Speaker 5: it gives you a platform and a foundation to start with.

830
00:42:28,719 --> 00:42:30,680
Speaker 5: Now A'm saying you got to stay there. I'm just

831
00:42:30,680 --> 00:42:34,000
Speaker 5: saying start there before you branch out. So that's how

832
00:42:34,040 --> 00:42:35,400
Speaker 5: I feel about that, Troy.

833
00:42:35,600 --> 00:42:36,280
Speaker 3: It's important.

834
00:42:36,680 --> 00:42:39,360
Speaker 6: We went to watch the curriculum being taught in schools

835
00:42:39,600 --> 00:42:41,560
Speaker 6: and it was a lesson on what they should invest in.

836
00:42:41,880 --> 00:42:44,560
Speaker 6: And the interesting thing was, like they had an Apple

837
00:42:44,600 --> 00:42:48,399
Speaker 6: I phone, right they ordered Chipotle on Uber Eats while

838
00:42:48,400 --> 00:42:51,239
Speaker 6: wearing Nikes. I'm like, that's five companies right there that

839
00:42:51,280 --> 00:42:54,799
Speaker 6: you get companies right there while you're sitting there. Yeah,

840
00:42:54,920 --> 00:42:57,720
Speaker 6: Like people think it's like, how do I know the companies?

841
00:42:57,719 --> 00:42:58,440
Speaker 2: I know the company.

842
00:42:58,719 --> 00:43:01,080
Speaker 3: You are already patronized with the companies. Whether you know

843
00:43:01,160 --> 00:43:01,759
Speaker 3: or not, you.

844
00:43:01,800 --> 00:43:02,640
Speaker 5: Got you got it on.

845
00:43:03,320 --> 00:43:08,520
Speaker 4: It's good. It's good to mirror success and success that

846
00:43:08,560 --> 00:43:10,640
Speaker 4: most people have in a stock market out even knowing

847
00:43:10,640 --> 00:43:13,960
Speaker 4: it is there. Four one K. It's successful because it's

848
00:43:13,960 --> 00:43:16,920
Speaker 4: a workable model. It takes money out of your paycheck

849
00:43:17,200 --> 00:43:20,120
Speaker 4: every single month, every single time you get paid, so

850
00:43:20,160 --> 00:43:23,799
Speaker 4: you don't even realize it. That's dollar cost averaging. It's

851
00:43:23,840 --> 00:43:25,840
Speaker 4: not invested in individual stocks where you have to be

852
00:43:25,920 --> 00:43:28,720
Speaker 4: a stock market genius to pick. It's invested in index

853
00:43:28,760 --> 00:43:32,440
Speaker 4: funds and mutual fund type of portfolios where you have

854
00:43:32,680 --> 00:43:36,520
Speaker 4: a group of stocks. That's a workable model to follow.

855
00:43:37,480 --> 00:43:41,840
Speaker 4: So you as a as a regular retail investor, you

856
00:43:41,880 --> 00:43:46,000
Speaker 4: can follow that same blueprint right a discipline amount that's

857
00:43:46,040 --> 00:43:49,040
Speaker 4: coming out twice a month or once a month, just

858
00:43:49,040 --> 00:43:52,479
Speaker 4: like your four one K that's been proven to work.

859
00:43:53,520 --> 00:43:55,920
Speaker 4: Invest in an index fund, just like your four one

860
00:43:56,000 --> 00:43:59,359
Speaker 4: k that's been proven to work right over the course

861
00:43:59,400 --> 00:44:00,840
Speaker 4: of time. I like you said, as far as you

862
00:44:00,880 --> 00:44:02,360
Speaker 4: could do both, as far as a lump sum and

863
00:44:02,400 --> 00:44:05,160
Speaker 4: a dollar cost averaging. With you have two hundred dollars

864
00:44:05,200 --> 00:44:06,680
Speaker 4: a month that you're going to put into the market,

865
00:44:06,880 --> 00:44:11,000
Speaker 4: no matter what. The fifteenth of every month, two hundred

866
00:44:11,040 --> 00:44:14,040
Speaker 4: dollars is going into the market. Let's say one hundred

867
00:44:14,040 --> 00:44:16,880
Speaker 4: dollars goes into S and P, five hundred and one

868
00:44:16,920 --> 00:44:19,839
Speaker 4: hundred dollars goes into QQQ, and that goes every single month,

869
00:44:19,880 --> 00:44:23,600
Speaker 4: every single month. But then you know, you see an

870
00:44:23,600 --> 00:44:26,879
Speaker 4: opportunity because once you start to realize how market trends work,

871
00:44:26,920 --> 00:44:30,240
Speaker 4: and you know, we might have something where the stock

872
00:44:30,320 --> 00:44:32,680
Speaker 4: market goes down thirty percent, right, and now you see

873
00:44:32,680 --> 00:44:36,080
Speaker 4: buying opportunities where you can add more lump sum. This

874
00:44:36,239 --> 00:44:38,480
Speaker 4: might have been money that you might have three thousand

875
00:44:38,480 --> 00:44:40,400
Speaker 4: dollars that you just got back from your tax return.

876
00:44:40,840 --> 00:44:42,719
Speaker 4: Now in addition to the two hundred dollars that you've

877
00:44:42,719 --> 00:44:45,280
Speaker 4: been putting in. Now you're doing the lump sum adding

878
00:44:45,400 --> 00:44:48,160
Speaker 4: because you do want to you want to buy low

879
00:44:48,400 --> 00:44:51,319
Speaker 4: and sell high. Unless your dollar cost averaging, then you're

880
00:44:51,360 --> 00:44:54,520
Speaker 4: buying at all different costs. But the buy low, sell

881
00:44:54,600 --> 00:44:56,400
Speaker 4: high is still a mentality that you still want to

882
00:44:56,400 --> 00:44:58,520
Speaker 4: have as far, especially for lump sum. You never want

883
00:44:58,560 --> 00:45:02,400
Speaker 4: to buy something at the very highest point possible because,

884
00:45:02,400 --> 00:45:04,080
Speaker 4: like you said, that's when you start to say, yo,

885
00:45:04,080 --> 00:45:07,719
Speaker 4: where's my money at? Even Damon John, Damon John told

886
00:45:07,800 --> 00:45:11,720
Speaker 4: us the story, like he invested in the stock market

887
00:45:12,760 --> 00:45:18,719
Speaker 4: in like the summer of two thousand and one, and

888
00:45:18,760 --> 00:45:24,960
Speaker 4: then of course what happens in September, Yeah, nine to eleven.

889
00:45:25,680 --> 00:45:30,440
Speaker 4: The stock market crashes and he loses millions of dollars

890
00:45:30,440 --> 00:45:34,840
Speaker 4: on paper. He panics, he sells his position because he

891
00:45:34,880 --> 00:45:38,359
Speaker 4: thinks it's going to zero. But that that's the story.

892
00:45:38,400 --> 00:45:40,319
Speaker 4: And this is somebody that was already a millionaire. He

893
00:45:40,400 --> 00:45:43,040
Speaker 4: was already successful. So it's like that happens all the time.

894
00:45:43,200 --> 00:45:46,560
Speaker 4: You buy at the highest point possible. It's a natural

895
00:45:46,600 --> 00:45:49,600
Speaker 4: correction that's going to happen. You look at you look

896
00:45:49,600 --> 00:45:51,880
Speaker 4: at the computer, and you like, I put ten thousand,

897
00:45:51,920 --> 00:45:55,200
Speaker 4: and now I have six thousand. This is a Ponzi scheme.

898
00:45:55,360 --> 00:46:01,280
Speaker 4: I want my money. Yeah. To avoid that, don't chase

899
00:46:01,680 --> 00:46:04,279
Speaker 4: whatever is at the highest point, wait, wait for.

900
00:46:05,280 --> 00:46:07,640
Speaker 6: And it will That's just the natural cycle of it.

901
00:46:08,200 --> 00:46:10,640
Speaker 6: At some point there's going to be a correction. And

902
00:46:10,800 --> 00:46:14,120
Speaker 6: by definition, correction is anything over ten percent. Right, So

903
00:46:14,280 --> 00:46:17,680
Speaker 6: if a stop pulls back twelve percent, thirteen percent up

904
00:46:17,719 --> 00:46:20,279
Speaker 6: to twenty this is a correction, right. Anything before that

905
00:46:20,360 --> 00:46:22,360
Speaker 6: is a pullback. So anything from zero to ten percent

906
00:46:22,600 --> 00:46:24,400
Speaker 6: that's instead of pulled up. That's going to happen, and

907
00:46:24,480 --> 00:46:27,440
Speaker 6: naturally it should. It gives opportunity for new people to invest.

908
00:46:27,880 --> 00:46:30,680
Speaker 6: People always say by low, sell high. I'm telling you

909
00:46:30,719 --> 00:46:35,359
Speaker 6: buy low and hold long term, especially if I'm beginning right,

910
00:46:35,360 --> 00:46:37,799
Speaker 6: because if I start selling high, so then I might

911
00:46:37,880 --> 00:46:40,040
Speaker 6: I'm going to have my initial investment hopefully, but I

912
00:46:40,120 --> 00:46:41,920
Speaker 6: might sell out of the position. But if I keep

913
00:46:41,960 --> 00:46:44,799
Speaker 6: taking when it gets to a high, So make sure

914
00:46:44,800 --> 00:46:47,440
Speaker 6: that you allocate a plan in place to say, all right,

915
00:46:47,480 --> 00:46:50,000
Speaker 6: well I've hit a threshold. This is where I'm going

916
00:46:50,080 --> 00:46:52,200
Speaker 6: to take a little bit of profit. Take some profit.

917
00:46:52,239 --> 00:46:54,200
Speaker 6: You should don't take all the profit. A lot of

918
00:46:54,239 --> 00:46:55,839
Speaker 6: time we're like, oh, wait, we may do that, I'm

919
00:46:55,880 --> 00:46:58,880
Speaker 6: taking it out. No, you want your money to grow.

920
00:46:58,960 --> 00:46:59,640
Speaker 6: That's the point of this.

921
00:47:01,080 --> 00:47:04,239
Speaker 5: We have a mechanism for that too. When we get

922
00:47:04,239 --> 00:47:07,160
Speaker 5: the question, coach, when should I take profit? How do

923
00:47:07,280 --> 00:47:12,400
Speaker 5: I take profits. That's a system too. So to Troy's point,

924
00:47:12,640 --> 00:47:16,239
Speaker 5: when your money runs up, if you have let's say

925
00:47:16,280 --> 00:47:20,760
Speaker 5: you have one hundred shares, you can sell fifty shares

926
00:47:21,680 --> 00:47:25,000
Speaker 5: to take some profit, to lock some of that gain

927
00:47:25,120 --> 00:47:31,040
Speaker 5: in while still holding fifty and allowing that to run earners.

928
00:47:31,080 --> 00:47:31,480
Speaker 3: What's up?

929
00:47:31,560 --> 00:47:34,040
Speaker 6: You ever walk into a small business and everything just

930
00:47:34,200 --> 00:47:37,360
Speaker 6: works like the checkout is fast, the receipts are digital,

931
00:47:37,880 --> 00:47:40,880
Speaker 6: tipping is a breeze, and you're out the door before

932
00:47:40,880 --> 00:47:45,040
Speaker 6: the line even builds odds are they're using Square. We

933
00:47:45,200 --> 00:47:47,719
Speaker 6: love supporting businesses that run on Square because it just

934
00:47:47,760 --> 00:47:51,000
Speaker 6: feels seamless. Whether it's a local coffee shop, a vendor

935
00:47:51,040 --> 00:47:53,319
Speaker 6: at a pop up market, or even one of our

936
00:47:53,360 --> 00:47:57,000
Speaker 6: merch partners, Square makes it easy for them to take payments,

937
00:47:57,239 --> 00:48:00,960
Speaker 6: manage inventory, and run their business with confidence, all from

938
00:48:01,040 --> 00:48:04,440
Speaker 6: one simple system. If you're a business owner or even

939
00:48:04,560 --> 00:48:08,080
Speaker 6: just thinking about launching something soon, Square is hands down

940
00:48:08,080 --> 00:48:10,440
Speaker 6: one of the best tools out there to help you start,

941
00:48:10,840 --> 00:48:14,400
Speaker 6: run and grow. It's not just about payments, it's about

942
00:48:14,400 --> 00:48:16,880
Speaker 6: giving you time back so you can focus on what

943
00:48:17,000 --> 00:48:20,680
Speaker 6: matters most Ready. To see how Square can transform your business,

944
00:48:20,920 --> 00:48:25,560
Speaker 6: visit Square dot com. Backslash, go backslash eyl to learn

945
00:48:25,600 --> 00:48:30,799
Speaker 6: more that Square dot com backslash, go backslash eyl. Don't wait,

946
00:48:31,120 --> 00:48:33,920
Speaker 6: don't hesitate. Let Square handle the back end so you

947
00:48:33,960 --> 00:48:40,279
Speaker 6: can keep pushing your vision forward. This episode is brought

948
00:48:40,320 --> 00:48:42,200
Speaker 6: to you by P and C Bank. A lot of

949
00:48:42,239 --> 00:48:45,839
Speaker 6: people think podcasts about work are boring, and sure they

950
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Speaker 6: definitely can be, but understanding a professionals routine shows us

951
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Speaker 6: how they achieve their success little by little, day after day.

952
00:48:54,400 --> 00:48:56,919
Speaker 6: It's like banking with P and C Bank. It might

953
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Speaker 6: seem boring to save, plan and make calculated decisions with

954
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Speaker 6: your bank, but keeping your money boring is what helps

955
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Speaker 6: you live or more happily fulfilled life. P and C

956
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Speaker 6: Bank Brilliantly Boring since eighteen sixty five. Brilliantly Boring since

957
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Speaker 6: eighteen sixty five is a service mark of the P

958
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Speaker 6: and C Financial Service Group, Inc. P and C Bank

959
00:49:17,160 --> 00:49:19,320
Speaker 6: National Association Member FDIC.

960
00:49:21,080 --> 00:49:24,719
Speaker 1: An illegal alien from Guatemala charged with raping a child

961
00:49:24,800 --> 00:49:28,600
Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

962
00:49:28,840 --> 00:49:32,960
Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with

963
00:49:33,040 --> 00:49:36,920
Speaker 1: filming and selling child pornography in Michigan. These are just

964
00:49:37,040 --> 00:49:40,800
Speaker 1: some of the heinous migrant criminals caught because of President

965
00:49:40,840 --> 00:49:44,359
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

966
00:49:44,440 --> 00:49:49,240
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

967
00:49:49,239 --> 00:49:52,799
Speaker 1: crossings are at the lowest levels ever recorded, and over

968
00:49:52,880 --> 00:49:55,120
Speaker 1: one hundred thousand illegal aliens.

969
00:49:54,680 --> 00:49:55,520
Speaker 2: Have been arrested.

970
00:49:55,800 --> 00:49:59,319
Speaker 1: If you are here illegally, your next you will be

971
00:49:59,360 --> 00:50:03,240
Speaker 1: fine nearly one thousand dollars a day, imprisoned and deported,

972
00:50:03,719 --> 00:50:06,960
Speaker 1: you will never return. But if you register using our

973
00:50:07,000 --> 00:50:10,200
Speaker 1: CBP home app and leave now, you could be allowed

974
00:50:10,239 --> 00:50:14,840
Speaker 1: to return legally. Do what's right. Leave now. Under President

975
00:50:14,840 --> 00:50:18,440
Speaker 1: Trump America's laws, border and families will.

976
00:50:18,320 --> 00:50:21,160
Speaker 2: Be protected sponsored by the United States Department of Homeland Security.

977
00:50:21,320 --> 00:50:24,960
Speaker 5: If the eventual run continues in that stock, however, the

978
00:50:25,000 --> 00:50:27,480
Speaker 5: profit that you now have, you can go shop around

979
00:50:27,520 --> 00:50:30,839
Speaker 5: to see if there's any other better opportunities for that

980
00:50:30,960 --> 00:50:34,319
Speaker 5: profit you took to deploy your money into, and or

981
00:50:34,360 --> 00:50:36,920
Speaker 5: wait till the stock that you just took the profit

982
00:50:36,960 --> 00:50:40,360
Speaker 5: from to retest those levels that Troy just gave you

983
00:50:40,880 --> 00:50:44,040
Speaker 5: and then redeploy that money in either at or below

984
00:50:44,080 --> 00:50:48,400
Speaker 5: your average costs to rins and repeat the process. Because

985
00:50:48,400 --> 00:50:50,600
Speaker 5: it's over time, it's going to go right back to

986
00:50:50,680 --> 00:50:54,840
Speaker 5: some of those previous levels that it achieved along the journey.

987
00:50:55,080 --> 00:50:57,759
Speaker 5: And so if you have the right mindset, you can

988
00:50:57,840 --> 00:51:01,879
Speaker 5: play profit taking in that manner, and you can choose

989
00:51:01,920 --> 00:51:04,640
Speaker 5: whether you want to sell half or sell a third,

990
00:51:05,239 --> 00:51:09,320
Speaker 5: or buy and hold forever you can. You can massage

991
00:51:09,360 --> 00:51:12,080
Speaker 5: that a little bit, but have a plan for what

992
00:51:12,120 --> 00:51:14,919
Speaker 5: do you want to do, and or an exit plan

993
00:51:15,040 --> 00:51:20,120
Speaker 5: in case leadership change, in case the CEO leaves, in

994
00:51:20,160 --> 00:51:23,040
Speaker 5: case the board is changed. These are some of the

995
00:51:23,080 --> 00:51:26,359
Speaker 5: things as new beginner investors you want to be mindful of.

996
00:51:26,960 --> 00:51:29,120
Speaker 5: If you're thinking about selling, you're not just selling for

997
00:51:29,200 --> 00:51:32,920
Speaker 5: the sake of selling. You have to have a vehicle

998
00:51:33,040 --> 00:51:37,440
Speaker 5: as to why you're selling before you make that exit.

999
00:51:37,480 --> 00:51:40,480
Speaker 5: Because you should always be investor. You should always remain

1000
00:51:40,560 --> 00:51:44,359
Speaker 5: in the market long term is the ultimate goal.

1001
00:51:44,719 --> 00:51:46,719
Speaker 6: Chris, I want to tell you something because we use

1002
00:51:46,760 --> 00:51:48,640
Speaker 6: the word love and when people say that they love

1003
00:51:48,680 --> 00:51:52,120
Speaker 6: a company, well, I often think of emotion. What role

1004
00:51:52,320 --> 00:51:55,200
Speaker 6: or psychological factor do you think emotions have to play?

1005
00:51:55,440 --> 00:51:57,680
Speaker 6: If they have a role inside of investing.

1006
00:51:57,719 --> 00:52:00,520
Speaker 5: You have to keep your evotions in check. We always

1007
00:52:00,560 --> 00:52:03,640
Speaker 5: say in my community we don't fall in love with

1008
00:52:03,680 --> 00:52:06,120
Speaker 5: any of these stocks. We ready to sign on papers

1009
00:52:06,239 --> 00:52:10,239
Speaker 5: any given time, and so with us, I don't let

1010
00:52:10,320 --> 00:52:12,520
Speaker 5: you fall in love with a stock. There are they

1011
00:52:12,560 --> 00:52:15,359
Speaker 5: are as. There are a tool for you to get

1012
00:52:15,400 --> 00:52:20,960
Speaker 5: to your financial goals, reach financial independence, or reach financial freedom.

1013
00:52:21,360 --> 00:52:25,000
Speaker 5: Far is loving them, never selling them. We don't subscribe

1014
00:52:25,040 --> 00:52:28,799
Speaker 5: to that per se. However, you can. You can be

1015
00:52:28,800 --> 00:52:31,080
Speaker 5: in a relationship for a season with a stock. You

1016
00:52:31,160 --> 00:52:34,560
Speaker 5: know what, I rock with Apple for the last three years. Okay,

1017
00:52:34,880 --> 00:52:37,960
Speaker 5: that's fine, but that don't necessarily mean you're married to it.

1018
00:52:38,000 --> 00:52:40,520
Speaker 5: That if Tim Cook get to acting up, that we

1019
00:52:40,600 --> 00:52:44,000
Speaker 5: won't pull the trigger and find another asset to put

1020
00:52:44,000 --> 00:52:46,880
Speaker 5: that and deploy that money into. So we don't. We don't.

1021
00:52:47,280 --> 00:52:51,360
Speaker 5: We don't allow love to exist in investigating our stocks

1022
00:52:52,239 --> 00:52:56,759
Speaker 5: because sometimes management change, things go out of season. You

1023
00:52:56,800 --> 00:53:00,239
Speaker 5: see Blockbuster and Netflix. You have things like that that

1024
00:53:00,320 --> 00:53:04,799
Speaker 5: come along. You have variety of things that will make

1025
00:53:04,880 --> 00:53:07,160
Speaker 5: you make the decision that you know what is time

1026
00:53:07,200 --> 00:53:10,359
Speaker 5: to exit. And I'm big on who the leadership. I'm

1027
00:53:10,400 --> 00:53:14,320
Speaker 5: big on who's at the hem. I invest in people,

1028
00:53:14,880 --> 00:53:20,840
Speaker 5: you guys, other goodlies. Mark Zuckerberg, elon Musk, I'm looking

1029
00:53:20,920 --> 00:53:25,000
Speaker 5: at people. Okay, on top of the company you birth,

1030
00:53:26,360 --> 00:53:30,319
Speaker 5: if that change, I got decisions to make. I ain't

1031
00:53:30,360 --> 00:53:32,839
Speaker 5: saying this automatic sale, but I have decisions I didn't

1032
00:53:32,880 --> 00:53:35,560
Speaker 5: need to make. So that's that's how we look at

1033
00:53:36,000 --> 00:53:40,040
Speaker 5: keeping emotions out of investing and sticking to your thesis

1034
00:53:40,360 --> 00:53:41,720
Speaker 5: that you laid out from the start.

1035
00:53:43,120 --> 00:53:45,719
Speaker 4: All right, so let's go into Okay, so let's go

1036
00:53:45,840 --> 00:53:51,839
Speaker 4: into next slot. Yeah, dividends. That's something that people talk

1037
00:53:51,840 --> 00:53:52,399
Speaker 4: about a lot.

1038
00:53:53,280 --> 00:53:59,319
Speaker 5: Dividends. Now, seventy five percent of companies paid dividend, and

1039
00:53:59,400 --> 00:54:02,520
Speaker 5: that's simply they're retained earnings that companies are paying. But

1040
00:54:02,680 --> 00:54:06,120
Speaker 5: oftentimes those seventy five companies are we're talking about your

1041
00:54:06,239 --> 00:54:11,319
Speaker 5: blue chip, your old guard companies. They're so profitable that

1042
00:54:11,360 --> 00:54:16,760
Speaker 5: they're now deploying the money into and to share their shareholders. Okay,

1043
00:54:16,800 --> 00:54:21,320
Speaker 5: and so dividend stocks are Troy alluded to it. Rashida

1044
00:54:21,320 --> 00:54:27,080
Speaker 5: alluded to Verizon. Think Verizon, Think Coca Cola, Think PEPSI,

1045
00:54:27,800 --> 00:54:31,799
Speaker 5: think Modernant, think five. Think about those names that you

1046
00:54:31,960 --> 00:54:34,440
Speaker 5: know or are familiar with that's been around for a

1047
00:54:34,480 --> 00:54:38,080
Speaker 5: long time. They're done growing. They're not the hot stocks

1048
00:54:38,120 --> 00:54:40,920
Speaker 5: that people are talking about. That's one clue that you

1049
00:54:40,960 --> 00:54:44,000
Speaker 5: can use to understand whether or not something is is

1050
00:54:44,560 --> 00:54:48,040
Speaker 5: at that stage that they could be paying potentially a dividend.

1051
00:54:48,320 --> 00:54:52,680
Speaker 5: You can also look at dividend kings, dividend aristocrats, you

1052
00:54:52,800 --> 00:54:56,799
Speaker 5: have other ways to kind of figure out who are

1053
00:54:56,880 --> 00:55:00,839
Speaker 5: these companies that are paying dividends withh can serve as

1054
00:55:00,920 --> 00:55:05,720
Speaker 5: some type of passive income for you as a shareholder. Okay.

1055
00:55:05,800 --> 00:55:09,040
Speaker 5: Now you have to understand people that are dividend investors

1056
00:55:09,360 --> 00:55:13,160
Speaker 5: have a different focus and a different goal in mind, okay.

1057
00:55:13,200 --> 00:55:17,520
Speaker 5: And so if you're thinking dividends, you might not want

1058
00:55:18,239 --> 00:55:22,000
Speaker 5: the volatility. You might not be looking for all the growth.

1059
00:55:22,040 --> 00:55:25,279
Speaker 5: You just might be wanting a little kickback on the

1060
00:55:25,480 --> 00:55:29,239
Speaker 5: amount you have invested. Okay. And so those type of

1061
00:55:29,280 --> 00:55:33,440
Speaker 5: companies are there in the market for you to consider.

1062
00:55:34,520 --> 00:55:38,400
Speaker 5: Stocks like a Tesla, which are growth companies, stocks that

1063
00:55:38,440 --> 00:55:41,799
Speaker 5: are still in that growth mode, CrowdStrike, other stocks that

1064
00:55:41,840 --> 00:55:46,040
Speaker 5: you might hear that are new or younger. They're not

1065
00:55:46,280 --> 00:55:50,080
Speaker 5: at that stage to be paying out a dividend to

1066
00:55:50,280 --> 00:55:53,600
Speaker 5: shareholders yet because they're still reinvesting all their money back

1067
00:55:53,640 --> 00:55:57,319
Speaker 5: into the company to allow it to grow further and

1068
00:55:57,400 --> 00:56:01,239
Speaker 5: do more innovation. So understand the differentference when you're thinking

1069
00:56:01,280 --> 00:56:04,440
Speaker 5: about dividends, then you have reads for all my real

1070
00:56:04,560 --> 00:56:08,640
Speaker 5: estate people out there, you have real estate Investment trust

1071
00:56:09,160 --> 00:56:13,640
Speaker 5: and these vehicles allow you to invest in companies that

1072
00:56:13,840 --> 00:56:18,480
Speaker 5: are solely focused on real estate, okay, and so they

1073
00:56:18,560 --> 00:56:21,120
Speaker 5: too pay a dividend. That's why a lot of people

1074
00:56:21,239 --> 00:56:24,239
Speaker 5: lean towards some of those stocks. So think about this.

1075
00:56:24,320 --> 00:56:26,960
Speaker 5: If you guys are in Atlanta, If you guys are

1076
00:56:27,000 --> 00:56:31,319
Speaker 5: in New York, think about your malls, Think about your

1077
00:56:31,480 --> 00:56:36,000
Speaker 5: cvs is. Think about some of the buildings that those

1078
00:56:36,040 --> 00:56:40,480
Speaker 5: places are in that their mall is housed in. Those

1079
00:56:40,600 --> 00:56:44,719
Speaker 5: are reats, Okay. Then you have medical think about your hospital,

1080
00:56:45,600 --> 00:56:49,799
Speaker 5: think about your grocery store, think about the building. We're

1081
00:56:49,800 --> 00:56:53,080
Speaker 5: talking infrastructure. Those are ways for you to invest in

1082
00:56:53,120 --> 00:56:56,839
Speaker 5: some of those vehicles, which they are required to pay

1083
00:56:57,640 --> 00:57:01,160
Speaker 5: a dividend. Okay. So there there's ways to make passive

1084
00:57:01,200 --> 00:57:06,480
Speaker 5: income through dividend investing, reinvesting. If you got a nice

1085
00:57:06,560 --> 00:57:08,560
Speaker 5: slant towards real estate and you kind of want to

1086
00:57:08,600 --> 00:57:11,120
Speaker 5: stand that lane on the top of the properties you

1087
00:57:11,200 --> 00:57:13,800
Speaker 5: might own, but do it through investing in the stock market.

1088
00:57:14,080 --> 00:57:18,440
Speaker 5: Reads are things you can consider alongside dividends.

1089
00:57:18,960 --> 00:57:21,840
Speaker 6: Yeah, and it's important to know, especially from a diffidence standpoint,

1090
00:57:22,120 --> 00:57:24,360
Speaker 6: the more you own the shares in the stock, the

1091
00:57:24,400 --> 00:57:26,840
Speaker 6: more obviously you're going to pay back to you. And

1092
00:57:26,880 --> 00:57:28,800
Speaker 6: I always tell people, right, like, try to get to

1093
00:57:28,840 --> 00:57:30,960
Speaker 6: a threshold or a goal, right, whether it's going to

1094
00:57:31,080 --> 00:57:34,000
Speaker 6: have one share to start with, maybe by the end

1095
00:57:34,000 --> 00:57:35,760
Speaker 6: of the year, I want to have ten, Hopefully I

1096
00:57:35,800 --> 00:57:37,640
Speaker 6: get to one hundred. I always say one hundred is

1097
00:57:37,640 --> 00:57:39,840
Speaker 6: a good threshold, right, because that allows you to use

1098
00:57:40,400 --> 00:57:43,600
Speaker 6: other derivatives to now trade. Right when we're talking about options,

1099
00:57:43,640 --> 00:57:46,000
Speaker 6: having a hundred shares of it equals one call or

1100
00:57:46,120 --> 00:57:50,400
Speaker 6: a put. So the more you own number one, you

1101
00:57:50,400 --> 00:57:53,240
Speaker 6: can now trade differently. But it also gives you voting power, right,

1102
00:57:53,280 --> 00:57:55,440
Speaker 6: So you'll start getting emails from some of these companies,

1103
00:57:55,440 --> 00:57:58,480
Speaker 6: whether it's a micro Microsoft for Apple, because they're going

1104
00:57:58,560 --> 00:58:00,600
Speaker 6: to have board meetings that they're going to have annual

1105
00:58:00,640 --> 00:58:02,640
Speaker 6: meetings that you're gonna invite to that and have privy

1106
00:58:02,640 --> 00:58:06,680
Speaker 6: to to watch. So there's benefits that come with owning shares.

1107
00:58:06,760 --> 00:58:08,640
Speaker 6: Dividends is one of them, but there are also other

1108
00:58:08,680 --> 00:58:09,479
Speaker 6: benefits as well.

1109
00:58:09,600 --> 00:58:15,320
Speaker 5: Let's tell them this joy. Some growth companies become dividend companies,

1110
00:58:15,360 --> 00:58:19,320
Speaker 5: they end up paying a dividend, maybe because of profitability

1111
00:58:20,520 --> 00:58:24,240
Speaker 5: as well their balance sheet allows them to. So some

1112
00:58:24,320 --> 00:58:29,280
Speaker 5: more companies now, for instance, Meta would be more what

1113
00:58:29,680 --> 00:58:31,840
Speaker 5: is a growth company, and there's still got more growth

1114
00:58:31,880 --> 00:58:34,360
Speaker 5: in it, but they're now paying a dividend. What you

1115
00:58:34,440 --> 00:58:38,600
Speaker 5: will see when companies that are currently growth companies but

1116
00:58:38,640 --> 00:58:42,200
Speaker 5: they have moved into panidividing, their dividend payout will be

1117
00:58:42,280 --> 00:58:44,920
Speaker 5: a lot smaller. So if you look at the dividend

1118
00:58:45,000 --> 00:58:49,720
Speaker 5: payout of Meta versus the dividend payout of Main Street

1119
00:58:49,840 --> 00:58:55,320
Speaker 5: Capital or Capital Southwest or Verizon, you will notice a

1120
00:58:55,440 --> 00:58:59,919
Speaker 5: vast different in the dividend yield. So understand that, yes,

1121
00:59:00,160 --> 00:59:02,760
Speaker 5: some growth stocks are reaching that level of growth where

1122
00:59:02,760 --> 00:59:06,520
Speaker 5: they are paying a dividend, but that dividend is smaller

1123
00:59:06,560 --> 00:59:08,920
Speaker 5: to start out, and it will get bigger and snowball

1124
00:59:09,400 --> 00:59:12,000
Speaker 5: years down the road. But right now you have some

1125
00:59:12,040 --> 00:59:15,600
Speaker 5: of those dividend kings and some of those dividend aristocrats

1126
00:59:15,600 --> 00:59:20,280
Speaker 5: that are simply relling in shareholders by way of the

1127
00:59:20,320 --> 00:59:21,120
Speaker 5: payout of their.

1128
00:59:21,040 --> 00:59:23,680
Speaker 3: Dividing, and nothing you need to do, right this is

1129
00:59:23,720 --> 00:59:26,320
Speaker 3: automatically going to happen. Automatic They're going to send.

1130
00:59:26,120 --> 00:59:28,320
Speaker 6: You an alert saying that there's a dividend being paid out,

1131
00:59:28,360 --> 00:59:30,400
Speaker 6: it's going to go directly into your account. So if

1132
00:59:30,440 --> 00:59:32,280
Speaker 6: you have shares, it's going to add into the value

1133
00:59:32,280 --> 00:59:32,840
Speaker 6: of those shares.

1134
00:59:33,040 --> 00:59:35,439
Speaker 5: And let's say this add this to the troy UH.

1135
00:59:35,840 --> 00:59:41,840
Speaker 5: Dividend payouts come out. Some pay weekly, some pay monthly,

1136
00:59:42,280 --> 00:59:45,520
Speaker 5: most quarterly. You need to know you can you can

1137
00:59:45,520 --> 00:59:48,800
Speaker 5: build a whole system on certain stocks that will pay

1138
00:59:48,840 --> 00:59:51,720
Speaker 5: you monthly, certain stocks that will pay you weekly, and

1139
00:59:51,760 --> 00:59:54,280
Speaker 5: certain stocks that will pay you quarterly. You can have

1140
00:59:54,360 --> 00:59:57,720
Speaker 5: a whole formula in terms of how you pick and

1141
00:59:57,840 --> 01:00:00,720
Speaker 5: teer your stocks so that the they can pay you

1142
01:00:00,760 --> 01:00:03,480
Speaker 5: in that manner and you always get something coming out.

1143
01:00:03,520 --> 01:00:07,240
Speaker 5: And so that's the other thing. They pay in different timeframes.

1144
01:00:07,400 --> 01:00:09,320
Speaker 4: And also if you want to accelerate your growth, you

1145
01:00:09,360 --> 01:00:13,320
Speaker 4: can choose to reinvest the dividend, yeah, with the company

1146
01:00:13,320 --> 01:00:16,080
Speaker 4: whoever you're holding with, right, And that's you're just buying

1147
01:00:16,080 --> 01:00:19,800
Speaker 4: more stock, more shares, but you're not actually taking five

1148
01:00:19,880 --> 01:00:21,440
Speaker 4: hundred dollars. If they give you a dividend for four

1149
01:00:21,480 --> 01:00:23,520
Speaker 4: hundred dollars, you just use that to put it back

1150
01:00:23,520 --> 01:00:24,200
Speaker 4: into the market.

1151
01:00:24,680 --> 01:00:27,320
Speaker 6: Yeah, And that's just that's a click of a button. Right,

1152
01:00:27,400 --> 01:00:29,800
Speaker 6: If you wanted to have reinvested. You just actually clicked

1153
01:00:29,800 --> 01:00:32,840
Speaker 6: that as an option on on your broger's account and

1154
01:00:32,880 --> 01:00:33,360
Speaker 6: to do it for you.

1155
01:00:33,440 --> 01:00:35,400
Speaker 3: Again, you don't this is automatic. You don't do anything.

1156
01:00:36,000 --> 01:00:39,600
Speaker 4: Would you recommend investing in a company just for a dividend?

1157
01:00:41,480 --> 01:00:46,880
Speaker 5: Again, that type of question depends on the person's situation,

1158
01:00:47,480 --> 01:00:53,120
Speaker 5: So like if they were solely looking for a dividend payout,

1159
01:00:53,280 --> 01:00:56,400
Speaker 5: or like, for instance, guys, I have a dividend portfolio.

1160
01:00:56,960 --> 01:00:59,720
Speaker 5: It's more for teaching purposes, but it helps me to

1161
01:01:00,000 --> 01:01:04,840
Speaker 5: each people better. So mainstreat Capital and Verizon for example,

1162
01:01:05,080 --> 01:01:09,560
Speaker 5: and Altria are some of the best paying dividend stocks.

1163
01:01:09,760 --> 01:01:11,960
Speaker 5: But I use it. I use it to show the

1164
01:01:12,040 --> 01:01:15,880
Speaker 5: masses that this can pay my consumer's energy bill or

1165
01:01:15,880 --> 01:01:20,400
Speaker 5: we in Michigan dte okay. And so when they see

1166
01:01:20,440 --> 01:01:23,520
Speaker 5: what my dividend payout is and then I show them

1167
01:01:23,640 --> 01:01:27,160
Speaker 5: what the bill was on my energy and gas bill,

1168
01:01:27,520 --> 01:01:31,280
Speaker 5: they're seeing the correlation that this had the ability to

1169
01:01:31,440 --> 01:01:37,760
Speaker 5: pay this. Obviously, we're dripping we call dividend reinvestment. We're

1170
01:01:37,880 --> 01:01:41,800
Speaker 5: dripped back into the play, so we're not actually paying

1171
01:01:41,840 --> 01:01:44,000
Speaker 5: it with the dividend, but we're showing them that it

1172
01:01:44,040 --> 01:01:46,800
Speaker 5: could actually pay a bill and what Troy told you

1173
01:01:46,800 --> 01:01:50,400
Speaker 5: guys is key. The more money you get into the dividend,

1174
01:01:50,720 --> 01:01:53,360
Speaker 5: the bigger the payout, So you could get to a

1175
01:01:53,440 --> 01:01:57,160
Speaker 5: level where it could do something more substantial. Rashad talked

1176
01:01:57,160 --> 01:02:01,120
Speaker 5: about recently for you guys about letting your investments pay

1177
01:02:01,160 --> 01:02:04,800
Speaker 5: for your lifestyle. You can do that through dividend investing

1178
01:02:04,960 --> 01:02:07,000
Speaker 5: that just take a lot of money, or you can

1179
01:02:07,040 --> 01:02:09,880
Speaker 5: simply do it through long term investing and you will

1180
01:02:09,880 --> 01:02:13,680
Speaker 5: see it happen and take shape organically over time. It's

1181
01:02:13,800 --> 01:02:16,080
Speaker 5: ways to do it, and it's possible that it could

1182
01:02:16,080 --> 01:02:16,640
Speaker 5: be done.

1183
01:02:17,120 --> 01:02:18,840
Speaker 3: Yeah, and I think you gave out a bunch of

1184
01:02:19,080 --> 01:02:19,640
Speaker 3: good dival ones.

1185
01:02:19,680 --> 01:02:22,320
Speaker 6: If anybody's looking at the dividends, I'll trio is that

1186
01:02:22,440 --> 01:02:24,480
Speaker 6: was probably one of the top performed ones last year.

1187
01:02:24,680 --> 01:02:29,080
Speaker 6: You talked about Chevron, Pepsicol, Coke the Rising, which we

1188
01:02:29,120 --> 01:02:32,160
Speaker 6: spoke about. So they're out there and it's a quick search,

1189
01:02:32,240 --> 01:02:36,560
Speaker 6: right like if you're on any of these publications. Morning

1190
01:02:36,600 --> 01:02:38,400
Speaker 6: Star is a good source if you're going to use that,

1191
01:02:39,040 --> 01:02:40,680
Speaker 6: they'll tell you how they're performing.

1192
01:02:40,720 --> 01:02:43,000
Speaker 3: You can watch this on a monthly basis.

1193
01:02:44,120 --> 01:02:45,920
Speaker 4: And then on the reach. It's important too that for

1194
01:02:45,960 --> 01:02:49,440
Speaker 4: people to know the difference between equity and mortgage reach right,

1195
01:02:49,920 --> 01:02:53,400
Speaker 4: like the mortgage reaches like mortgage backed securities, and equity

1196
01:02:53,440 --> 01:02:56,960
Speaker 4: reaches like the actual malls and the physical property. So

1197
01:02:57,600 --> 01:03:01,000
Speaker 4: if the real estate people like the two forms of

1198
01:03:01,040 --> 01:03:03,600
Speaker 4: real estate that you can invest in the market, you

1199
01:03:03,640 --> 01:03:06,080
Speaker 4: can actually invest like in the stock market and have

1200
01:03:06,120 --> 01:03:09,880
Speaker 4: that real estate exposure for people that don't necessarily want

1201
01:03:09,880 --> 01:03:13,160
Speaker 4: to go in and just buy a bunch of properties

1202
01:03:13,200 --> 01:03:20,960
Speaker 4: and deal with that issues. All right, all right, let's

1203
01:03:20,960 --> 01:03:25,640
Speaker 4: slip onto best button and share, ladies and gentlemen.

1204
01:03:26,160 --> 01:03:29,040
Speaker 5: Very IRAIS and retirement account Make sure I hit the

1205
01:03:29,160 --> 01:03:32,240
Speaker 5: like button. Make sure you guys share this IRAIS and

1206
01:03:32,280 --> 01:03:37,720
Speaker 5: retirement accounts. What are the options? Guys? These are things

1207
01:03:38,200 --> 01:03:41,680
Speaker 5: Rasha alluded to this. You have some of these already.

1208
01:03:41,760 --> 01:03:45,760
Speaker 5: Some of you have been investing blindly and passively just

1209
01:03:45,840 --> 01:03:49,240
Speaker 5: through your job and dollar cost averaging. So some of

1210
01:03:49,240 --> 01:03:52,360
Speaker 5: the things we talked about in our lesson today you

1211
01:03:52,520 --> 01:03:58,960
Speaker 5: have been doing just by happenstance. Traditional wrathed IRA wrath

1212
01:03:59,040 --> 01:04:04,320
Speaker 5: IRA are some investment in retirement accounts. You have your

1213
01:04:04,360 --> 01:04:06,800
Speaker 5: four to one K. You guys all may be familiar

1214
01:04:06,800 --> 01:04:11,120
Speaker 5: with that. If you have a W two type of job,

1215
01:04:11,560 --> 01:04:14,840
Speaker 5: your four or three B. Myself and Troy, we are

1216
01:04:14,920 --> 01:04:18,520
Speaker 5: former educators, and so we know about the four fifty seven.

1217
01:04:19,560 --> 01:04:24,800
Speaker 5: You got your health savings account. You have various ira

1218
01:04:25,160 --> 01:04:28,880
Speaker 5: and retirement vehicles to investing. Let me break down this

1219
01:04:29,280 --> 01:04:39,760
Speaker 5: traditional roth ira okay, and the roth ira. These two vehicles, okay,

1220
01:04:40,560 --> 01:04:42,600
Speaker 5: not that there is a knock. There's never no knock

1221
01:04:42,640 --> 01:04:47,560
Speaker 5: to investing. But they have caps, they have limitations, they

1222
01:04:47,600 --> 01:04:51,160
Speaker 5: have income limits, okay, and so if you make a

1223
01:04:51,200 --> 01:04:54,880
Speaker 5: certain amount over a certain threshold, then this might not

1224
01:04:55,040 --> 01:04:57,640
Speaker 5: be readily available to you. You might have to do

1225
01:04:58,400 --> 01:05:01,920
Speaker 5: a roth conversion. Okay, you have to do something different.

1226
01:05:02,000 --> 01:05:05,640
Speaker 5: But a wroth ira is after tax dollars that you

1227
01:05:05,720 --> 01:05:08,800
Speaker 5: guys would be investing. So after your money has went

1228
01:05:08,840 --> 01:05:12,680
Speaker 5: into your work for one CA that they automatically debited

1229
01:05:12,720 --> 01:05:16,240
Speaker 5: out of your account into your retirement. Hopefully you got

1230
01:05:16,280 --> 01:05:19,080
Speaker 5: that at least seven percent or fifteen percent. We got

1231
01:05:19,120 --> 01:05:23,600
Speaker 5: to do better with our allocation, okay, After tax dollars

1232
01:05:23,600 --> 01:05:27,360
Speaker 5: would then go into your roth ira. Similar to what

1233
01:05:27,440 --> 01:05:31,920
Speaker 5: Rashad told you guys earlier with you need to get

1234
01:05:32,120 --> 01:05:35,480
Speaker 5: your own brokerage account. You got to have inside that

1235
01:05:35,520 --> 01:05:39,960
Speaker 5: brokerage account a roth ira as well. So that you

1236
01:05:40,000 --> 01:05:42,880
Speaker 5: can put up to the limit, which this year is

1237
01:05:42,960 --> 01:05:47,000
Speaker 5: seven thousand dollars into that, and if you're over fifty,

1238
01:05:47,200 --> 01:05:49,760
Speaker 5: you can put up another thousand, which would get you

1239
01:05:49,840 --> 01:05:51,920
Speaker 5: up to eight thousand dollars on a year. And so

1240
01:05:52,520 --> 01:05:56,240
Speaker 5: these are other things you can do in addition to

1241
01:05:56,320 --> 01:06:00,360
Speaker 5: your stocks, in addition to your ETFs, in addition to

1242
01:06:00,480 --> 01:06:04,720
Speaker 5: trading options, in addition to your money markets. These are

1243
01:06:04,760 --> 01:06:08,360
Speaker 5: things you can do as well on the wealth building journey,

1244
01:06:08,400 --> 01:06:09,520
Speaker 5: even as a beginner.

1245
01:06:11,160 --> 01:06:13,360
Speaker 4: Yeah, an HSA thing is something that people don't talk

1246
01:06:13,400 --> 01:06:14,560
Speaker 4: about a lot of either because.

1247
01:06:14,400 --> 01:06:18,760
Speaker 5: They don't that's the game changer for me. The HSA

1248
01:06:19,160 --> 01:06:21,800
Speaker 5: Health Savings Account gods just so you know, the acronym

1249
01:06:21,840 --> 01:06:26,160
Speaker 5: health savings account. So whether you're married and or single,

1250
01:06:26,880 --> 01:06:32,959
Speaker 5: if your insurance has a HSA a health savings plan,

1251
01:06:33,800 --> 01:06:38,760
Speaker 5: you can use the money to take care of doctor bills, appointments,

1252
01:06:38,800 --> 01:06:43,480
Speaker 5: code pays. But whatever money isn't used, the HSA invest

1253
01:06:43,560 --> 01:06:48,360
Speaker 5: in it invested for you. Inside some of their allocations.

1254
01:06:48,360 --> 01:06:51,640
Speaker 5: They have mutual funds that you can pick from growth tech,

1255
01:06:51,720 --> 01:06:53,920
Speaker 5: some of the things that Shad told you guys about earlier.

1256
01:06:54,240 --> 01:06:58,000
Speaker 5: Growth tech. You can do energy. They have it all

1257
01:06:58,040 --> 01:07:04,120
Speaker 5: inside the HSA, just type health savings account, okay, and

1258
01:07:04,200 --> 01:07:07,640
Speaker 5: you will see like health equity dot Com will come up.

1259
01:07:07,640 --> 01:07:09,480
Speaker 5: You will see certain things come up. And if you

1260
01:07:09,600 --> 01:07:13,160
Speaker 5: invest inside that I know, being married, we can put

1261
01:07:13,240 --> 01:07:16,040
Speaker 5: up to seven a little over seven thousand, maybe seventy

1262
01:07:16,120 --> 01:07:19,720
Speaker 5: eight hundred a year into this and guess what, guys,

1263
01:07:19,800 --> 01:07:25,240
Speaker 5: it reduces your taxable income. Okay, So there's another way

1264
01:07:25,320 --> 01:07:28,600
Speaker 5: for on that front, for you guys to also be

1265
01:07:28,680 --> 01:07:31,200
Speaker 5: doing the right thing by your money, doing right by

1266
01:07:31,240 --> 01:07:35,000
Speaker 5: your money, but also reducing your taxable income. And that money,

1267
01:07:36,000 --> 01:07:40,880
Speaker 5: if not used for a copey simply is there growing

1268
01:07:40,960 --> 01:07:45,760
Speaker 5: on your behalf and that can snowpole pretty big. For

1269
01:07:45,840 --> 01:07:48,120
Speaker 5: those of you that stay on top of your health

1270
01:07:48,120 --> 01:07:48,880
Speaker 5: and wealth.

1271
01:07:49,920 --> 01:07:50,520
Speaker 3: You can use it.

1272
01:07:50,880 --> 01:07:54,480
Speaker 4: You can sixty five. So if that's gonna be a

1273
01:07:54,560 --> 01:07:56,480
Speaker 4: question people like, well, if I don't you you're supposed

1274
01:07:56,480 --> 01:07:58,000
Speaker 4: to use the for medical expenses. If you don't use

1275
01:07:58,000 --> 01:08:01,120
Speaker 4: it for medical expenses, if you can use it after

1276
01:08:01,160 --> 01:08:04,200
Speaker 4: sixty five without getting penalized, Yeah, it's like it's another

1277
01:08:04,280 --> 01:08:08,920
Speaker 4: form of retirement, right, another form saving money that you

1278
01:08:09,000 --> 01:08:10,800
Speaker 4: have to pay like a deductibles or like you said,

1279
01:08:10,840 --> 01:08:12,920
Speaker 4: out of the pocket medical expenses but it's invested in

1280
01:08:12,920 --> 01:08:16,120
Speaker 4: the market. But as that's growing, if the money that

1281
01:08:16,200 --> 01:08:19,080
Speaker 4: you don't spend. So if you're sixty five years old,

1282
01:08:19,120 --> 01:08:21,960
Speaker 4: you have one hundred thousand dollars in HSA. Now that

1283
01:08:22,280 --> 01:08:25,760
Speaker 4: effectively is like another IRA for you because you can

1284
01:08:25,880 --> 01:08:29,120
Speaker 4: use that for your retirement without getting penalized. So if

1285
01:08:29,120 --> 01:08:32,000
Speaker 4: you use it before that for anything other than medical expenses,

1286
01:08:32,040 --> 01:08:34,800
Speaker 4: you get penalized. But if you use it after sixty five,

1287
01:08:36,040 --> 01:08:39,280
Speaker 4: that's important for people to fully understand. So it's a

1288
01:08:39,320 --> 01:08:44,040
Speaker 4: way to definitely, you know, kind of hedge with the

1289
01:08:44,120 --> 01:08:46,719
Speaker 4: medical aspect of it, but also it's like a double

1290
01:08:46,800 --> 01:08:48,640
Speaker 4: edged sword where you saving for retirement also if you

1291
01:08:48,680 --> 01:08:49,200
Speaker 4: don't use it.

1292
01:08:50,280 --> 01:08:52,320
Speaker 3: Chris, you brought something in terms of education.

1293
01:08:52,400 --> 01:08:57,280
Speaker 6: I was both being education about maximizing these allocations. Now

1294
01:08:58,240 --> 01:09:00,720
Speaker 6: at twenty five, I'm fresh in to the game. I'm

1295
01:09:00,760 --> 01:09:03,280
Speaker 6: about to make sixty five thousand dollars for the year,

1296
01:09:03,360 --> 01:09:07,280
Speaker 6: seventy dolls. You're not thinking, hey, I should take the

1297
01:09:07,400 --> 01:09:09,400
Speaker 6: largest percentage, just like, all right, what's the lowest I

1298
01:09:09,400 --> 01:09:10,240
Speaker 6: can put three percent?

1299
01:09:10,400 --> 01:09:11,120
Speaker 3: I'm gonna do that.

1300
01:09:12,280 --> 01:09:14,320
Speaker 6: Talk about the mindset and the ship because people are

1301
01:09:14,360 --> 01:09:16,240
Speaker 6: looking like what can I do right now? Like this

1302
01:09:16,320 --> 01:09:18,879
Speaker 6: is something that you can go to your HR department

1303
01:09:19,080 --> 01:09:22,040
Speaker 6: like on Monday right and say, hey, I want to

1304
01:09:22,080 --> 01:09:24,760
Speaker 6: actually max out my four or three B Talk about

1305
01:09:24,760 --> 01:09:26,400
Speaker 6: the importance of that, because I don't think people really

1306
01:09:26,479 --> 01:09:28,600
Speaker 6: understand it. Is that one guy that comes once a

1307
01:09:28,680 --> 01:09:30,479
Speaker 6: year to talk to you about it at lunch and

1308
01:09:30,520 --> 01:09:32,360
Speaker 6: you never see him and then you just forget about it.

1309
01:09:32,360 --> 01:09:33,240
Speaker 3: Talk about the importance.

1310
01:09:33,479 --> 01:09:37,920
Speaker 5: It's so important because time is our greatest asset, and

1311
01:09:38,000 --> 01:09:41,320
Speaker 5: so the earlier you can do these things, take advantage

1312
01:09:41,320 --> 01:09:44,640
Speaker 5: of all these vehicles, the bigger your pot will be,

1313
01:09:44,680 --> 01:09:46,680
Speaker 5: the bigger your nest egg will be when it's all

1314
01:09:46,720 --> 01:09:49,160
Speaker 5: said and done. So listen to this. You can't miss

1315
01:09:49,200 --> 01:09:52,320
Speaker 5: what you never had. You can't miss what you've never seen.

1316
01:09:52,920 --> 01:09:55,719
Speaker 5: If you take that allocation that they're going to buy default,

1317
01:09:55,760 --> 01:09:59,280
Speaker 5: have it at between one and three percent, If you

1318
01:09:59,400 --> 01:10:02,160
Speaker 5: move it to seven percent or fifteen percent, and you

1319
01:10:02,240 --> 01:10:05,080
Speaker 5: get used to living your lifestyle around what your check

1320
01:10:05,120 --> 01:10:07,960
Speaker 5: will then be when that comes to you every two

1321
01:10:08,000 --> 01:10:11,719
Speaker 5: weeks or how often when you get paid, you won't

1322
01:10:11,800 --> 01:10:15,439
Speaker 5: miss it because you didn't see it. It's only when

1323
01:10:15,479 --> 01:10:19,320
Speaker 5: you see, oh man, my check three thousand dollars you

1324
01:10:19,400 --> 01:10:22,519
Speaker 5: think you got three thousand dollars to spend. Okay, But

1325
01:10:22,600 --> 01:10:25,479
Speaker 5: if you never seen three thousand or whatever your check

1326
01:10:25,520 --> 01:10:28,400
Speaker 5: may be, because it is going to something that's going

1327
01:10:28,479 --> 01:10:32,000
Speaker 5: to your future self is gonna thank you for. That's

1328
01:10:32,000 --> 01:10:34,160
Speaker 5: how you get ahead of the game. And so the earlier,

1329
01:10:34,200 --> 01:10:36,120
Speaker 5: if you're twenty four years old and you're seeing this,

1330
01:10:36,680 --> 01:10:39,400
Speaker 5: the earlier you can go into your employer, your place

1331
01:10:39,400 --> 01:10:42,960
Speaker 5: of employment and tell them, if I'm receiving a four

1332
01:10:43,000 --> 01:10:46,240
Speaker 5: to one K contribution, can you make sure my allocation

1333
01:10:46,400 --> 01:10:50,320
Speaker 5: is at least seven to twelve percent. Fifteen percent is

1334
01:10:50,360 --> 01:10:52,280
Speaker 5: on the higher end, but that will even be good

1335
01:10:52,280 --> 01:10:54,120
Speaker 5: if you can make that shake. If you're still living

1336
01:10:54,160 --> 01:10:56,519
Speaker 5: at home and you don't have and your mom is

1337
01:10:56,560 --> 01:10:58,720
Speaker 5: letting you do your thing, and you not having a

1338
01:10:58,720 --> 01:11:01,920
Speaker 5: whole bunch of responsibility, put it at fifteen percent into

1339
01:11:02,040 --> 01:11:04,479
Speaker 5: you get your own place, and then scale it back

1340
01:11:04,479 --> 01:11:08,080
Speaker 5: down to seven. But you can't miss what you never had, okay.

1341
01:11:08,080 --> 01:11:11,679
Speaker 5: And so if you get that mindset early, you're off

1342
01:11:11,880 --> 01:11:14,879
Speaker 5: into the races. Okay. For me, it kind of clicked

1343
01:11:15,320 --> 01:11:20,280
Speaker 5: when I was around twenty seven. Between that twenty seven

1344
01:11:20,360 --> 01:11:22,920
Speaker 5: and twenty nine year range for me, you know what

1345
01:11:22,920 --> 01:11:25,200
Speaker 5: I'm saying, but listen to how it happened. Though my

1346
01:11:25,280 --> 01:11:29,080
Speaker 5: wife I saw her four A one K killing mine.

1347
01:11:29,240 --> 01:11:33,160
Speaker 5: I'm looking like, what am I doing? My allocation was poor,

1348
01:11:33,760 --> 01:11:36,320
Speaker 5: My allocation wasn't where it needed to be. I'm looking like, man,

1349
01:11:36,320 --> 01:11:39,400
Speaker 5: I've been I was the administrator in higher education for

1350
01:11:39,520 --> 01:11:45,080
Speaker 5: ten years? What am I doing? My investments? Because of

1351
01:11:45,080 --> 01:11:50,639
Speaker 5: what I was controlling? Blew my higher education job, which

1352
01:11:50,720 --> 01:11:53,320
Speaker 5: was good benefits, It blew those in. They blew that

1353
01:11:53,400 --> 01:11:58,160
Speaker 5: four one K out the water. That showed me the

1354
01:11:58,200 --> 01:12:01,799
Speaker 5: importance of man. My wife life retirement was way higher

1355
01:12:01,800 --> 01:12:05,360
Speaker 5: than mine simply because hers was like at twelve or fifteen,

1356
01:12:05,760 --> 01:12:08,479
Speaker 5: the whole teen year she was in the health field.

1357
01:12:08,840 --> 01:12:12,280
Speaker 5: And so Troy brought it up. But it's need to

1358
01:12:12,320 --> 01:12:15,559
Speaker 5: be said, do it as early as you can. Your

1359
01:12:15,600 --> 01:12:16,960
Speaker 5: future self will thank you later.

1360
01:12:17,720 --> 01:12:19,799
Speaker 4: And then also before we leave this topic, it's impoint

1361
01:12:19,840 --> 01:12:23,760
Speaker 4: people to understand the full one K forth to be

1362
01:12:23,760 --> 01:12:25,880
Speaker 4: four fifty seven, like they'll give you a bunch of

1363
01:12:25,880 --> 01:12:28,479
Speaker 4: different options. A lot of time people don't invest because

1364
01:12:28,479 --> 01:12:30,000
Speaker 4: they don't know how to go about it, and there

1365
01:12:30,040 --> 01:12:32,519
Speaker 4: intimidate it. One of the easiest ways is to pick

1366
01:12:32,560 --> 01:12:35,600
Speaker 4: a target date fund, so a target date fund is

1367
01:12:35,640 --> 01:12:38,160
Speaker 4: that it calculates your age and the age that you

1368
01:12:38,200 --> 01:12:40,800
Speaker 4: would be like around sixty year postal retirement, so it

1369
01:12:40,880 --> 01:12:43,320
Speaker 4: might be twenty thirty, twenty forty, twenty fifty, depends on

1370
01:12:43,320 --> 01:12:46,719
Speaker 4: how old you are. And the whole theory with retirement

1371
01:12:46,760 --> 01:12:48,439
Speaker 4: plan is that you got to be aggressive when you're

1372
01:12:48,479 --> 01:12:51,080
Speaker 4: young and conservative when you get older, so it automatically

1373
01:12:51,120 --> 01:12:54,040
Speaker 4: changes over the course of time. So that's a very

1374
01:12:54,040 --> 01:12:57,280
Speaker 4: cookie cutter, easy approach to take if you if you

1375
01:12:57,320 --> 01:13:01,439
Speaker 4: are like unsure of like twenty different options that you

1376
01:13:01,520 --> 01:13:05,639
Speaker 4: have available to you. The target date is something that

1377
01:13:06,360 --> 01:13:08,880
Speaker 4: is recommendable. I used to recommend it when I was

1378
01:13:08,920 --> 01:13:13,000
Speaker 4: in advisor. It's like, that's something that is kind of

1379
01:13:13,040 --> 01:13:14,800
Speaker 4: does the work for you and you don't have to

1380
01:13:15,040 --> 01:13:18,920
Speaker 4: worry about changing in every five years and switching the allocations.

1381
01:13:18,920 --> 01:13:21,000
Speaker 4: And then sometimes you have a rough full one K

1382
01:13:21,040 --> 01:13:24,759
Speaker 4: component two in your job. That's important to acts because

1383
01:13:25,120 --> 01:13:27,400
Speaker 4: the wrong the difference between the ROW and the traditional

1384
01:13:27,479 --> 01:13:30,280
Speaker 4: is that one takes money you save money today, which

1385
01:13:30,280 --> 01:13:32,559
Speaker 4: is a traditional, when you save money later, which is

1386
01:13:32,560 --> 01:13:35,160
Speaker 4: the ROW. So it depends on your situation. But if

1387
01:13:36,439 --> 01:13:39,640
Speaker 4: you have let's say a million dollars in retirement and

1388
01:13:39,680 --> 01:13:42,000
Speaker 4: you took out that whole million dollars at one time

1389
01:13:42,040 --> 01:13:45,040
Speaker 4: from your four one K, you would get like six

1390
01:13:45,120 --> 01:13:50,080
Speaker 4: hundred thousand net because that is fully taxable. So that's

1391
01:13:50,160 --> 01:13:52,200
Speaker 4: important for people to fully understand, especially when you think

1392
01:13:52,200 --> 01:13:54,400
Speaker 4: about your retirement. You think that you got a certain

1393
01:13:54,400 --> 01:13:56,920
Speaker 4: amount of money, but you don't. You don't realize that

1394
01:13:56,920 --> 01:13:59,640
Speaker 4: that's taxable state and federal tax. That's why a lot

1395
01:13:59,640 --> 01:14:02,120
Speaker 4: of people to Florida when they retire because there's no

1396
01:14:02,240 --> 01:14:04,280
Speaker 4: there's no state tax, but regardless the way you look,

1397
01:14:04,280 --> 01:14:06,439
Speaker 4: you still gotta pay federal tax. But if you have

1398
01:14:06,560 --> 01:14:09,639
Speaker 4: the row, if you have a million dollars, hypothetically, then

1399
01:14:09,680 --> 01:14:11,679
Speaker 4: you took out all a million dollars at one time,

1400
01:14:12,000 --> 01:14:14,920
Speaker 4: you would get one million dollars because it's not taxable.

1401
01:14:15,160 --> 01:14:18,479
Speaker 4: But you didn't you didn't get a tax benefit when

1402
01:14:18,479 --> 01:14:22,160
Speaker 4: you put the money in today. So that's important for

1403
01:14:22,200 --> 01:14:24,040
Speaker 4: people to understand. As far as a tax, because we

1404
01:14:24,080 --> 01:14:26,120
Speaker 4: don't talk about taxes at all, but even like capital

1405
01:14:26,160 --> 01:14:29,599
Speaker 4: gains short term long term, that's important for people because

1406
01:14:29,600 --> 01:14:32,120
Speaker 4: it's like you do a lot of like trading or

1407
01:14:32,280 --> 01:14:36,280
Speaker 4: selling stocks, and you don't realize that you you're racking

1408
01:14:36,400 --> 01:14:38,120
Speaker 4: up a tax bill and then at the end of

1409
01:14:38,120 --> 01:14:40,920
Speaker 4: the year, you like, damn, I gotta pay taxes. I

1410
01:14:40,920 --> 01:14:42,600
Speaker 4: didn't even know I had to pay taxes on this,

1411
01:14:42,720 --> 01:14:44,240
Speaker 4: Like I kept it in my broken account and I

1412
01:14:44,240 --> 01:14:46,439
Speaker 4: didn't put it in my bank account. But if you

1413
01:14:46,520 --> 01:14:50,120
Speaker 4: sell a stock, you pay capital gains tax on that stock.

1414
01:14:50,680 --> 01:14:53,479
Speaker 4: You don't pay capital gains tax on your retirement, but

1415
01:14:53,520 --> 01:14:56,880
Speaker 4: you do pay federal and state tax if it's not

1416
01:14:56,920 --> 01:15:01,880
Speaker 4: a row. So understanding that is in important because you

1417
01:15:01,920 --> 01:15:04,040
Speaker 4: don't want to get like twenty years down the line

1418
01:15:04,080 --> 01:15:06,160
Speaker 4: and it's like, damn, I wish I had a rough

1419
01:15:06,280 --> 01:15:09,400
Speaker 4: because now I gotta pay hundreds of thousands of dollars

1420
01:15:09,439 --> 01:15:11,080
Speaker 4: because I have millions of dollars in my four to

1421
01:15:11,120 --> 01:15:11,360
Speaker 4: one K.

1422
01:15:11,600 --> 01:15:13,559
Speaker 3: Yeah, and you don't want to put the profits.

1423
01:15:13,600 --> 01:15:15,880
Speaker 6: If you're talking about stocks into your account and say, oh,

1424
01:15:15,960 --> 01:15:18,360
Speaker 6: this is all profit. Now, there's a percentage of that

1425
01:15:18,360 --> 01:15:20,800
Speaker 6: that's going to be for taxes if it's been with

1426
01:15:21,040 --> 01:15:23,439
Speaker 6: if you sold it within a year and a day,

1427
01:15:23,479 --> 01:15:25,880
Speaker 6: that's going to be short term capital games. And depending

1428
01:15:26,000 --> 01:15:28,920
Speaker 6: on your tax threshold, that's the allocation that you're gonna

1429
01:15:28,960 --> 01:15:29,519
Speaker 6: have to pay for it.

1430
01:15:29,800 --> 01:15:31,840
Speaker 3: If it's over a year and a day.

1431
01:15:31,840 --> 01:15:34,000
Speaker 6: It's long term, and again there's a cap on that

1432
01:15:34,120 --> 01:15:36,599
Speaker 6: things like fifteen percent for the most part.

1433
01:15:36,800 --> 01:15:38,000
Speaker 3: Sometimes it does go up to twenty.

1434
01:15:38,280 --> 01:15:39,920
Speaker 6: But that's a big percentage, right, I know, in the

1435
01:15:39,920 --> 01:15:41,760
Speaker 6: short term it can get up to thirty thirty seven

1436
01:15:41,840 --> 01:15:43,840
Speaker 6: to thirty nine percent. So you're talking about a twenty

1437
01:15:43,960 --> 01:15:46,920
Speaker 6: percent difference if you just hold long term.

1438
01:15:46,960 --> 01:15:48,040
Speaker 3: That's why we always stress it.

1439
01:15:49,160 --> 01:15:53,759
Speaker 5: Yeah, that's good, all right, all right.

1440
01:15:53,880 --> 01:15:56,960
Speaker 3: Let's keep cooking, man, let's do it moving along.

1441
01:15:57,000 --> 01:16:01,519
Speaker 5: But we got here money markets and h y s

1442
01:16:01,760 --> 01:16:05,920
Speaker 5: a high yell savings account, guys. Money market accounts just

1443
01:16:06,000 --> 01:16:09,599
Speaker 5: another account that you need to be mindful of, maybe

1444
01:16:09,640 --> 01:16:12,439
Speaker 5: at your bank, Like Rashad told you, guys, if you

1445
01:16:12,520 --> 01:16:16,320
Speaker 5: do open a brokerage account, your money is going into

1446
01:16:16,520 --> 01:16:22,479
Speaker 5: some form of a money market account in that specific brokerage. Okay,

1447
01:16:22,720 --> 01:16:27,320
Speaker 5: now listen to this. Money market accounts are based on

1448
01:16:27,640 --> 01:16:30,160
Speaker 5: what's going on in the economy sometimes, and so you

1449
01:16:30,240 --> 01:16:33,439
Speaker 5: might see the rates on those change. Now, it's still

1450
01:16:33,479 --> 01:16:37,200
Speaker 5: a little bit better than a savings account, okay. And

1451
01:16:37,240 --> 01:16:39,920
Speaker 5: so if you can get your money marketed account to

1452
01:16:40,040 --> 01:16:44,040
Speaker 5: be at three zero point seven percent, four percent, if

1453
01:16:44,080 --> 01:16:46,960
Speaker 5: you even get five percent on a money market account.

1454
01:16:47,200 --> 01:16:49,880
Speaker 5: It's not a bad place to park your cash. Why

1455
01:16:50,000 --> 01:16:54,120
Speaker 5: you're deciding what you want to invest in, okay, money

1456
01:16:54,160 --> 01:16:56,400
Speaker 5: market is not an investment, so you want to make

1457
01:16:56,439 --> 01:17:01,599
Speaker 5: sure you not playing a money market game thinking you're investing. No,

1458
01:17:02,439 --> 01:17:05,519
Speaker 5: that money is. You're trying to devise a game plan

1459
01:17:05,560 --> 01:17:07,880
Speaker 5: for where it's going to go, and you're letting it

1460
01:17:07,920 --> 01:17:11,720
Speaker 5: build and grow wise sitting okay until your plan is finalized.

1461
01:17:12,080 --> 01:17:15,479
Speaker 5: A high yeld savings account okay, is a little bit

1462
01:17:15,560 --> 01:17:18,240
Speaker 5: better in terms of the rate of return you can

1463
01:17:18,280 --> 01:17:20,840
Speaker 5: get on your capital that may be sitting in one.

1464
01:17:21,000 --> 01:17:26,040
Speaker 5: Ally investments have some nice rates, okay, some nice CDs,

1465
01:17:26,200 --> 01:17:29,320
Speaker 5: some nice regular rates. If your money is in a

1466
01:17:29,439 --> 01:17:33,840
Speaker 5: checking and or savings account at Ally so Far has

1467
01:17:33,920 --> 01:17:39,080
Speaker 5: some decent rates. Goldman Sacks has some decent rates. There

1468
01:17:39,160 --> 01:17:43,240
Speaker 5: are plenty of vehicles with high yield savings rates that

1469
01:17:43,360 --> 01:17:46,760
Speaker 5: make it worth at least getting some consideration, especially during

1470
01:17:46,840 --> 01:17:51,080
Speaker 5: tons of uncertainty, during times where you may have doubt

1471
01:17:51,160 --> 01:17:54,240
Speaker 5: about what you're doing, what to do next. These are

1472
01:17:54,280 --> 01:17:58,040
Speaker 5: good vehicles. That's a part of the whole spectrum that

1473
01:17:58,120 --> 01:18:00,840
Speaker 5: you might want to park your money into. Okay, So

1474
01:18:00,880 --> 01:18:03,960
Speaker 5: these are just money market accounts and in high yold

1475
01:18:03,960 --> 01:18:07,800
Speaker 5: savings account. I'll tell you guys this quick story. My

1476
01:18:07,840 --> 01:18:11,000
Speaker 5: wife and I retired when we were thirty seven. I

1477
01:18:11,040 --> 01:18:13,360
Speaker 5: worked in higher education. I worked at Notre Dame. She

1478
01:18:13,520 --> 01:18:18,400
Speaker 5: worked in healthcare. And so check this out. When we retired,

1479
01:18:18,880 --> 01:18:22,479
Speaker 5: we had a wealth team and my wealth team. Now

1480
01:18:22,800 --> 01:18:25,599
Speaker 5: I won't go deep into all of how they allocate

1481
01:18:25,800 --> 01:18:29,479
Speaker 5: our wealth, but one thing they did. We work to

1482
01:18:29,520 --> 01:18:33,000
Speaker 5: go to the bank and we no longer have savings

1483
01:18:33,000 --> 01:18:37,080
Speaker 5: and checkings account all of our money. We have eleven accounts.

1484
01:18:37,560 --> 01:18:41,280
Speaker 5: Every one of them is in that's in a bank,

1485
01:18:42,080 --> 01:18:45,200
Speaker 5: a money market and or high yield savings account. Look

1486
01:18:45,240 --> 01:18:48,800
Speaker 5: at this. He told us to demand that they pay

1487
01:18:49,160 --> 01:18:54,040
Speaker 5: five percent or we leave. So what we noticed was

1488
01:18:54,120 --> 01:18:58,240
Speaker 5: this the one they gave us the rate number two.

1489
01:18:58,920 --> 01:19:02,080
Speaker 5: The rate do go down if like over time, if

1490
01:19:02,080 --> 01:19:04,680
Speaker 5: you don't go back in and make that same declaration

1491
01:19:04,800 --> 01:19:07,559
Speaker 5: to them. But what we were noticing was that the

1492
01:19:07,640 --> 01:19:11,599
Speaker 5: money we had sitting in our money marketing howyo savings

1493
01:19:11,640 --> 01:19:16,000
Speaker 5: account were working on our behalf while we were able

1494
01:19:16,080 --> 01:19:19,960
Speaker 5: to continue to invest, continue to look for real estate

1495
01:19:20,479 --> 01:19:25,640
Speaker 5: and other opportunities commercial residential opportunities with the money we

1496
01:19:25,720 --> 01:19:29,080
Speaker 5: had on hand okay, And so again, guys, there's ways

1497
01:19:29,080 --> 01:19:33,919
Speaker 5: to be strategic about the wealth building journey using everything

1498
01:19:34,000 --> 01:19:41,080
Speaker 5: that's at your fingertips, from stocks, ETFs, dividends, traditional iras,

1499
01:19:41,280 --> 01:19:46,599
Speaker 5: roth iras, retirement accounts, four one case TSP plans four

1500
01:19:46,800 --> 01:19:49,960
Speaker 5: fifty three, four to three, four fifty seven, four or three,

1501
01:19:50,560 --> 01:19:53,160
Speaker 5: all of it, guys can be working for the greater

1502
01:19:53,320 --> 01:19:56,160
Speaker 5: good of your future self. And so that's just a

1503
01:19:56,240 --> 01:19:59,120
Speaker 5: note to kind of share with you guys that on that.

1504
01:19:59,080 --> 01:20:01,040
Speaker 3: Level, your savings account.

1505
01:20:01,040 --> 01:20:04,000
Speaker 6: So I mean, when you think about it, for the

1506
01:20:04,000 --> 01:20:06,080
Speaker 6: most part, we were taught to put our money in

1507
01:20:06,160 --> 01:20:08,840
Speaker 6: the bank and get a checking account and the savings account.

1508
01:20:09,360 --> 01:20:11,680
Speaker 6: And if you ever looked at the yield on a

1509
01:20:11,800 --> 01:20:15,240
Speaker 6: traditional savings account, it's like point zero zero three percent.

1510
01:20:15,320 --> 01:20:17,880
Speaker 6: So I mean you demanded five percent. I kind of

1511
01:20:17,920 --> 01:20:20,720
Speaker 6: liked that man five percent. Usually you see between four

1512
01:20:20,760 --> 01:20:22,400
Speaker 6: to four and a half. So that the man with

1513
01:20:22,520 --> 01:20:23,680
Speaker 6: five that that was.

1514
01:20:23,600 --> 01:20:27,240
Speaker 5: A strong He told me the strong garment And that

1515
01:20:27,320 --> 01:20:31,000
Speaker 5: wasn't even my personality type out And and I won't

1516
01:20:31,040 --> 01:20:33,680
Speaker 5: even go into it. And I had one account that

1517
01:20:33,840 --> 01:20:37,080
Speaker 5: was sitting with some bank for a year. They'll remain nameless,

1518
01:20:37,600 --> 01:20:40,280
Speaker 5: and they didn't. They didn't even tell me that these

1519
01:20:40,400 --> 01:20:44,280
Speaker 5: vehicles existed. I'm looking like, Wow, I had one hundred

1520
01:20:44,360 --> 01:20:48,160
Speaker 5: K sitting in this account for almost ten years. It

1521
01:20:48,200 --> 01:20:52,120
Speaker 5: ain't earned nothing. It still was the same exact amount. Yeah,

1522
01:20:52,479 --> 01:20:54,400
Speaker 5: I'm still heard about that one. Don't even get me

1523
01:20:54,880 --> 01:20:55,680
Speaker 5: going down that bro.

1524
01:20:55,960 --> 01:20:58,639
Speaker 3: Two cents a month, two cents a month.

1525
01:20:59,160 --> 01:21:01,880
Speaker 5: And so but when I got with my team and

1526
01:21:01,920 --> 01:21:05,280
Speaker 5: he he, he informed me about that, and it was

1527
01:21:05,680 --> 01:21:08,120
Speaker 5: he said, the bank worked for you. And that's another thing.

1528
01:21:08,120 --> 01:21:11,280
Speaker 5: I don't know if our community understands you can tell

1529
01:21:11,320 --> 01:21:13,559
Speaker 5: the bank what to do with your money, because if

1530
01:21:13,600 --> 01:21:15,800
Speaker 5: you don't, they're going to lend it out and make

1531
01:21:15,840 --> 01:21:18,280
Speaker 5: it return on your money. And so it was just

1532
01:21:18,560 --> 01:21:21,240
Speaker 5: as little new one. It ain't nothing that's even that deep.

1533
01:21:21,280 --> 01:21:24,799
Speaker 5: It was just like, hey, I want my money in

1534
01:21:24,880 --> 01:21:26,920
Speaker 5: this the type of account, and I want this percent.

1535
01:21:27,880 --> 01:21:30,320
Speaker 5: If not, I'm leaving, I'm taking it up the street.

1536
01:21:30,320 --> 01:21:33,240
Speaker 5: He already had gave us other options that made that

1537
01:21:33,240 --> 01:21:36,800
Speaker 5: that to consider. That would do it. They didn't want

1538
01:21:36,800 --> 01:21:38,680
Speaker 5: to see you leave, so they got on the eight

1539
01:21:38,720 --> 01:21:41,280
Speaker 5: ball and so salute to them.

1540
01:21:41,560 --> 01:21:42,679
Speaker 3: Real Detroit player.

1541
01:21:43,800 --> 01:21:51,280
Speaker 4: Also, CDs been going absolutely like the rates ORCS have

1542
01:21:51,360 --> 01:21:57,880
Speaker 4: been going up a lot too, even pretty competitive rates

1543
01:21:57,880 --> 01:21:58,559
Speaker 4: these days too.

1544
01:21:59,360 --> 01:22:03,120
Speaker 5: Yep, we got those as well. Those are other vehicles

1545
01:22:03,120 --> 01:22:06,439
Speaker 5: to consider in addition to ones that's been laid out

1546
01:22:06,439 --> 01:22:07,440
Speaker 5: in this episode.

1547
01:22:08,560 --> 01:22:12,600
Speaker 4: All Right, all right, all right, so I think we

1548
01:22:12,640 --> 01:22:13,519
Speaker 4: got one more slide.

1549
01:22:13,800 --> 01:22:14,439
Speaker 3: Let's bring it on.

1550
01:22:14,400 --> 01:22:19,600
Speaker 5: Home, Bring it on home, and there's just some resources.

1551
01:22:20,000 --> 01:22:22,400
Speaker 5: Troy talk to you guys about morning Star. I want

1552
01:22:22,400 --> 01:22:26,680
Speaker 5: you guys to add Morningstar Investing dot Com. Now, this

1553
01:22:26,760 --> 01:22:29,040
Speaker 5: whole website is good, but there's a.

1554
01:22:29,479 --> 01:22:31,880
Speaker 3: Good go ahead. That's my joint right there.

1555
01:22:32,080 --> 01:22:36,720
Speaker 5: Yep, it is the one, and this whole site is

1556
01:22:36,760 --> 01:22:40,479
Speaker 5: good if you guys are investing, if you're new, if

1557
01:22:40,520 --> 01:22:42,719
Speaker 5: you just want to be in the know about what's

1558
01:22:42,760 --> 01:22:47,040
Speaker 5: going on. But there's a tab inside investing dot Com

1559
01:22:47,080 --> 01:22:51,880
Speaker 5: called Calendar, and so this one helps you know all

1560
01:22:51,960 --> 01:22:54,880
Speaker 5: of those events that are coming up on the day,

1561
01:22:55,000 --> 01:22:57,880
Speaker 5: the week, the month, so that you can kind of

1562
01:22:57,920 --> 01:23:02,120
Speaker 5: be just aware informed about when CPI is coming, when

1563
01:23:02,200 --> 01:23:05,479
Speaker 5: PPI is coming, when the FED speech is coming, when

1564
01:23:05,479 --> 01:23:08,880
Speaker 5: the Fed minuce is coming out. Other news about the

1565
01:23:09,160 --> 01:23:14,080
Speaker 5: Asian market, the Europe market, just Japan like, it has

1566
01:23:14,160 --> 01:23:16,800
Speaker 5: so much information for those that wants to go that

1567
01:23:16,920 --> 01:23:20,800
Speaker 5: deep into it that you're fully informed on either what's

1568
01:23:20,840 --> 01:23:23,760
Speaker 5: coming down the pipe, what moves, and what plans you

1569
01:23:23,840 --> 01:23:26,320
Speaker 5: might want to put in place for something that may

1570
01:23:26,360 --> 01:23:29,040
Speaker 5: be about to happen in the future. But investing dot

1571
01:23:29,040 --> 01:23:31,559
Speaker 5: com is one that I want all of you guys

1572
01:23:31,640 --> 01:23:32,200
Speaker 5: to consider.

1573
01:23:32,360 --> 01:23:35,240
Speaker 6: Bloomberg, Chris, let me just ask something really quick about

1574
01:23:35,240 --> 01:23:37,920
Speaker 6: investing dot com because I think it's important for anybody.

1575
01:23:38,000 --> 01:23:42,960
Speaker 6: And people will hear the word technical analysis, the fundamental analysis.

1576
01:23:43,200 --> 01:23:45,160
Speaker 6: I think this is one of those sites that combines

1577
01:23:45,240 --> 01:23:47,559
Speaker 6: both the fact if you start opening up some of

1578
01:23:47,600 --> 01:23:50,479
Speaker 6: the charts, it makes it a separate page in itself,

1579
01:23:50,840 --> 01:23:52,759
Speaker 6: and then it compares it by sect. There it concerns

1580
01:23:52,760 --> 01:23:55,919
Speaker 6: of it, by industry. It compares it on a broad scale.

1581
01:23:56,800 --> 01:23:59,800
Speaker 6: It is a wealth of information. Plus they'll tell you

1582
01:23:59,840 --> 01:24:01,360
Speaker 6: the hot streak, So if you ever go to that

1583
01:24:01,840 --> 01:24:04,639
Speaker 6: page of the top one hundred, they'll tell you what

1584
01:24:04,760 --> 01:24:07,360
Speaker 6: companies are now hitting the hot streak by their criteria.

1585
01:24:07,800 --> 01:24:09,439
Speaker 3: It's one of the best sites that you can use.

1586
01:24:09,720 --> 01:24:13,880
Speaker 5: Absolutely for more information. Bloomberg will be one just if

1587
01:24:13,920 --> 01:24:16,840
Speaker 5: you want to know information what's going on with the

1588
01:24:16,920 --> 01:24:21,360
Speaker 5: overall market, economy, jib, political things that might be coming

1589
01:24:21,479 --> 01:24:23,639
Speaker 5: down the pipe with stocks, you know, like in love

1590
01:24:23,720 --> 01:24:25,960
Speaker 5: that you might be investing in. Bloomberg is a good

1591
01:24:26,000 --> 01:24:30,320
Speaker 5: place everybody that rocks for me. We are commanded to

1592
01:24:30,400 --> 01:24:35,760
Speaker 5: watch CNBC on a regular just to just that's our

1593
01:24:35,800 --> 01:24:40,080
Speaker 5: sports center. That's the ESPN for traders, okay. And so

1594
01:24:40,240 --> 01:24:43,559
Speaker 5: CNBC you want to just see what tickers are flashing,

1595
01:24:43,600 --> 01:24:45,800
Speaker 5: whatever they're saying, what the breaking news is at the

1596
01:24:45,800 --> 01:24:48,840
Speaker 5: top of the hour, every top of the hour at

1597
01:24:48,840 --> 01:24:52,240
Speaker 5: ten o'clock, in two o'clock, CNBC will hit you at

1598
01:24:52,280 --> 01:24:57,160
Speaker 5: breaking news. Oftentimes these moves can shift the market. So

1599
01:24:57,280 --> 01:25:00,680
Speaker 5: no key time frames in the market as well, that

1600
01:25:00,720 --> 01:25:05,160
Speaker 5: your stock may change course or direction at certain hours

1601
01:25:05,520 --> 01:25:08,160
Speaker 5: throughout the day. And this is Eastern time, okay. But

1602
01:25:08,240 --> 01:25:12,080
Speaker 5: CNBC is another one. And then even though Troy just

1603
01:25:12,120 --> 01:25:15,679
Speaker 5: gave y'all the gym is investing dot com, I still

1604
01:25:15,760 --> 01:25:19,280
Speaker 5: through in here trading view. You can get all this

1605
01:25:19,360 --> 01:25:23,519
Speaker 5: on investment dot com. But you trading view good charts

1606
01:25:23,600 --> 01:25:28,120
Speaker 5: Yahoo Finance, we will think or swim got good charts.

1607
01:25:28,800 --> 01:25:31,760
Speaker 5: There's things you might want to know in terms of

1608
01:25:32,760 --> 01:25:36,000
Speaker 5: I use technical analysis for example, to buy my stocks

1609
01:25:36,040 --> 01:25:38,400
Speaker 5: as well, like to get an entry to see when

1610
01:25:38,439 --> 01:25:41,040
Speaker 5: something has pulled back to the two hundred day movie average.

1611
01:25:41,200 --> 01:25:43,760
Speaker 5: That's a little more advanced, but you might get to

1612
01:25:43,800 --> 01:25:47,639
Speaker 5: that place as a beginner, where do I buy my stocks?

1613
01:25:47,680 --> 01:25:51,479
Speaker 5: When do I buy? If you're not calculating five percent down,

1614
01:25:51,600 --> 01:25:54,800
Speaker 5: ten percent down, twenty percent down, you might want a

1615
01:25:54,840 --> 01:26:00,000
Speaker 5: technical viewpoint of where that stock is at and when

1616
01:26:00,200 --> 01:26:02,439
Speaker 5: is a good entry for you to get it. And

1617
01:26:02,600 --> 01:26:05,680
Speaker 5: so that wraps it up. Guys, just a few resources

1618
01:26:05,880 --> 01:26:06,519
Speaker 5: for people give them.

1619
01:26:06,560 --> 01:26:08,000
Speaker 6: I'm gonn give them a few more that they can

1620
01:26:08,000 --> 01:26:11,600
Speaker 6: write down. The writing is one that's filled with a

1621
01:26:11,600 --> 01:26:16,120
Speaker 6: lot of notes. Bar chart are still thing is important.

1622
01:26:16,120 --> 01:26:18,120
Speaker 6: I love the support and resistance section on it. A

1623
01:26:18,120 --> 01:26:19,880
Speaker 6: lot of people who are trying to figure out how

1624
01:26:19,960 --> 01:26:20,639
Speaker 6: I read the chart.

1625
01:26:21,080 --> 01:26:26,040
Speaker 5: Troy Troy add add unusual options on bar chart.

1626
01:26:27,479 --> 01:26:27,719
Speaker 3: Section.

1627
01:26:29,120 --> 01:26:32,160
Speaker 6: Inside of unusual options, it'll tell you the analyst ratings.

1628
01:26:32,160 --> 01:26:34,960
Speaker 6: So you'll see, hey, when they tell you this analyst

1629
01:26:35,000 --> 01:26:36,519
Speaker 6: is now saying it's a bah. Well, you can see

1630
01:26:36,760 --> 01:26:38,960
Speaker 6: overall throughout the market how many are saying so, Toby,

1631
01:26:39,040 --> 01:26:40,759
Speaker 6: what's the percentage of people that are saying toabai?

1632
01:26:41,040 --> 01:26:42,880
Speaker 3: So these things the things you should look at.

1633
01:26:42,960 --> 01:26:46,519
Speaker 6: I think stimizes another one, especially around earnings, which we

1634
01:26:46,600 --> 01:26:49,840
Speaker 6: know is quarterly, but it's like the Super Bowl every

1635
01:26:49,880 --> 01:26:52,559
Speaker 6: quarter for these companies. To see what they're reporting, what

1636
01:26:52,600 --> 01:26:55,240
Speaker 6: their guidance is. You can see what Wall Streets expecting.

1637
01:26:55,280 --> 01:26:57,960
Speaker 6: You could actually start predicting what you think and what

1638
01:26:58,080 --> 01:26:59,639
Speaker 6: other people on the side are looking at as well,

1639
01:26:59,680 --> 01:27:01,120
Speaker 6: to get kind of a good gauge.

1640
01:27:01,840 --> 01:27:02,759
Speaker 3: I still use Zachs.

1641
01:27:02,840 --> 01:27:06,400
Speaker 6: I think zax is a good site when it's the

1642
01:27:06,439 --> 01:27:08,559
Speaker 6: free one is pretty cool, but the payd one's even better.

1643
01:27:08,800 --> 01:27:10,160
Speaker 3: I'm still using Wall Street Journal.

1644
01:27:10,200 --> 01:27:13,320
Speaker 6: I think it's important, especially when I'm looking for fundamentals.

1645
01:27:13,360 --> 01:27:16,400
Speaker 6: A lot of times they're breaking stories and so prior

1646
01:27:16,439 --> 01:27:18,760
Speaker 6: to everybody waking up, I gotta check what's happening on

1647
01:27:18,840 --> 01:27:20,400
Speaker 6: before it even gets to ce NBC.

1648
01:27:20,800 --> 01:27:22,240
Speaker 3: I want to read in Wall Street Journal.

1649
01:27:22,680 --> 01:27:24,599
Speaker 6: If you add all these things, this is a wealth

1650
01:27:24,600 --> 01:27:26,960
Speaker 6: of information, a wealth of places of resources to get

1651
01:27:27,000 --> 01:27:29,559
Speaker 6: knowledge before you make a decision. You have to make

1652
01:27:29,600 --> 01:27:31,920
Speaker 6: the research part of your plan, right, so you can

1653
01:27:32,000 --> 01:27:34,639
Speaker 6: have the stock make the research part of your plan,

1654
01:27:34,720 --> 01:27:36,960
Speaker 6: because now you're making an educated decision before you make

1655
01:27:37,000 --> 01:27:37,559
Speaker 6: an investment.

1656
01:27:37,880 --> 01:27:38,439
Speaker 5: I love it.

1657
01:27:38,960 --> 01:27:42,840
Speaker 4: And then a couple of other resources market mondays, Oh.

1658
01:27:42,760 --> 01:27:45,439
Speaker 5: Sure, Mondays, make sure you'all tap in.

1659
01:27:46,960 --> 01:27:48,800
Speaker 4: And you deserve to be rich.

1660
01:27:48,920 --> 01:27:51,000
Speaker 5: The number one star to be rich. Hey, guys were

1661
01:27:51,040 --> 01:27:55,240
Speaker 5: making that number one, Same game money team, y'all know

1662
01:27:55,280 --> 01:27:57,880
Speaker 5: what we do. Y'all know how we do. Make sure

1663
01:27:57,920 --> 01:28:00,439
Speaker 5: we push that to number one on the charts. We

1664
01:28:00,439 --> 01:28:03,400
Speaker 5: talk about number one, not the New York Times bestseller list.

1665
01:28:03,400 --> 01:28:06,840
Speaker 5: We talking about number one bestseller. You deserve to be

1666
01:28:07,080 --> 01:28:07,720
Speaker 5: rich out not.

1667
01:28:08,320 --> 01:28:10,519
Speaker 4: I appreciate that. So with that being said, this still

1668
01:28:10,600 --> 01:28:12,960
Speaker 4: one day we're running the promo. You can go to

1669
01:28:13,040 --> 01:28:16,000
Speaker 4: you Deserve to be Rich deal dot com. You deserve

1670
01:28:16,080 --> 01:28:17,960
Speaker 4: to be rich deal dot com and if you buy

1671
01:28:17,960 --> 01:28:21,240
Speaker 4: the book, you get thirty days free uy University and

1672
01:28:21,240 --> 01:28:23,479
Speaker 4: all information is on that website and it goes through

1673
01:28:23,479 --> 01:28:25,880
Speaker 4: everything you need to do. So yeah, we got to

1674
01:28:25,880 --> 01:28:28,120
Speaker 4: push that. But Chris, I want to thank you for

1675
01:28:28,120 --> 01:28:30,080
Speaker 4: your time. Talk about you. Talk about you as far

1676
01:28:30,120 --> 01:28:34,000
Speaker 4: as like you know, your community, your platform, your YouTube channel,

1677
01:28:34,120 --> 01:28:36,960
Speaker 4: like you know people that might not be familiar, like

1678
01:28:37,040 --> 01:28:39,960
Speaker 4: talk about what do you actually do as far as

1679
01:28:40,000 --> 01:28:41,520
Speaker 4: on on the content side.

1680
01:28:41,640 --> 01:28:43,640
Speaker 5: We built the organic empire.

1681
01:28:43,720 --> 01:28:43,920
Speaker 4: Man.

1682
01:28:44,120 --> 01:28:47,639
Speaker 5: Of course, our saluted you guys along the way because

1683
01:28:47,680 --> 01:28:50,320
Speaker 5: it was just good to see two brothers, two best

1684
01:28:50,360 --> 01:28:53,040
Speaker 5: friends doing what you guys do. But in lateral to

1685
01:28:53,120 --> 01:28:57,080
Speaker 5: you are trailblazing. I've been slowly doing the same and

1686
01:28:57,320 --> 01:29:02,320
Speaker 5: built the organic empire like you alluded to. We got

1687
01:29:02,360 --> 01:29:05,840
Speaker 5: a I got a huge discord community. I gotta it's

1688
01:29:05,880 --> 01:29:08,320
Speaker 5: over fifty thousand and now on the Money Team community.

1689
01:29:09,600 --> 01:29:12,720
Speaker 5: But I'm I'm a teacher, so we it's a it's

1690
01:29:12,760 --> 01:29:15,960
Speaker 5: a learning environment. All we do is teach. We teach

1691
01:29:16,040 --> 01:29:19,120
Speaker 5: risk management and how to read the chart candle structure.

1692
01:29:19,560 --> 01:29:22,120
Speaker 5: We're just big and heavy into that. Of course, what

1693
01:29:22,160 --> 01:29:24,799
Speaker 5: we talked about today, that's the top of the funnel,

1694
01:29:25,080 --> 01:29:27,400
Speaker 5: and then once you get down it, you get to

1695
01:29:27,439 --> 01:29:31,800
Speaker 5: the teaching and learning part. So so with me, coaching

1696
01:29:32,040 --> 01:29:34,599
Speaker 5: is required. You do one on one coaching, we do

1697
01:29:34,640 --> 01:29:41,320
Speaker 5: group coaching, and we foster that organic community that and

1698
01:29:41,400 --> 01:29:43,760
Speaker 5: we do this so you guys know, every time you

1699
01:29:43,800 --> 01:29:47,240
Speaker 5: guys do invest Fest, to keep the momentum going, we

1700
01:29:47,280 --> 01:29:50,160
Speaker 5: have a trader's meetup because one thing I noticed attending

1701
01:29:50,240 --> 01:29:55,160
Speaker 5: Investmentest there's so much contagious energy still in the room

1702
01:29:55,360 --> 01:29:59,519
Speaker 5: days later that nobody's capitalizing on. So what what our

1703
01:29:59,560 --> 01:30:04,760
Speaker 5: community do. We take all the high energy and high

1704
01:30:04,840 --> 01:30:08,519
Speaker 5: performers that's really ready and we meet up. So we do,

1705
01:30:08,800 --> 01:30:12,440
Speaker 5: we do tours. I'm big on we have a community

1706
01:30:12,439 --> 01:30:14,760
Speaker 5: that show up. They That's why I said we're gonna

1707
01:30:14,760 --> 01:30:17,000
Speaker 5: make sure your book get number one, because they gonna

1708
01:30:17,160 --> 01:30:19,880
Speaker 5: do what we That's how we do. But I'm saying

1709
01:30:19,920 --> 01:30:26,280
Speaker 5: that to say we do trader meetups in La Chicago, Florida, Miami,

1710
01:30:27,040 --> 01:30:31,320
Speaker 5: and in Texas. But it's to keep the momentum going

1711
01:30:31,520 --> 01:30:35,400
Speaker 5: from what they experience what you guys do. Okay, and

1712
01:30:35,439 --> 01:30:38,840
Speaker 5: so we notice we can't allow no drop off because

1713
01:30:38,840 --> 01:30:41,000
Speaker 5: we still got too much work to do. So the

1714
01:30:41,080 --> 01:30:45,439
Speaker 5: whole community is about live. I'm talking about touching people live,

1715
01:30:45,720 --> 01:30:48,719
Speaker 5: like letting them be accessible, you know what I'm saying.

1716
01:30:48,880 --> 01:30:52,600
Speaker 5: And then every day in the discord and part of

1717
01:30:52,640 --> 01:30:55,240
Speaker 5: the way, they're two separate things. So they're not they're

1718
01:30:55,280 --> 01:30:59,360
Speaker 5: not mutually excrewed, they're they're two separate things. So if

1719
01:30:59,400 --> 01:31:02,440
Speaker 5: you want a disc you get a certain set of services,

1720
01:31:02,640 --> 01:31:04,479
Speaker 5: but if you're on a money team, you get a

1721
01:31:04,520 --> 01:31:07,599
Speaker 5: different set of services. That's on a whole nother level.

1722
01:31:07,680 --> 01:31:10,720
Speaker 5: And so we've been able to do that rashot at

1723
01:31:10,720 --> 01:31:13,479
Speaker 5: a high level since twenty twenty, I want to say,

1724
01:31:13,600 --> 01:31:17,799
Speaker 5: and right now it's just a. It's a beautiful community

1725
01:31:17,800 --> 01:31:20,679
Speaker 5: to be a part of where everybody is eager to learn,

1726
01:31:20,800 --> 01:31:24,840
Speaker 5: grow and just be better with their finances.

1727
01:31:24,880 --> 01:31:28,479
Speaker 4: Fun. How can they follow you? Like, what's your social man?

1728
01:31:28,520 --> 01:31:31,519
Speaker 5: I need all the help I can get. We would

1729
01:31:31,520 --> 01:31:36,360
Speaker 5: slow to Instagram, man, so Chris saying underscore Chris Underscoes saying,

1730
01:31:37,640 --> 01:31:41,519
Speaker 5: there's my name on Instagram, Twitter. Of course, I'm more

1731
01:31:41,920 --> 01:31:46,320
Speaker 5: prevalent on YouTube and so just my name, Chris saying

1732
01:31:46,439 --> 01:31:49,439
Speaker 5: on YouTube where you can find me there, chrisaying dot com.

1733
01:31:49,479 --> 01:31:51,720
Speaker 5: If guys, you want to join one hundred K challenge,

1734
01:31:51,920 --> 01:31:55,000
Speaker 5: that's another thing, rashad it was a game change. We

1735
01:31:55,080 --> 01:31:57,800
Speaker 5: have a legendary one hundred K challenge zero to one

1736
01:31:57,880 --> 01:32:00,160
Speaker 5: hundred k. So we have a tier of people that

1737
01:32:00,280 --> 01:32:02,160
Speaker 5: join because they're trying to make their first ten k,

1738
01:32:02,920 --> 01:32:04,840
Speaker 5: a tier people that's trying to make their first twenty

1739
01:32:04,880 --> 01:32:07,720
Speaker 5: five K, fifty K, seventy five K, and one hundred k.

1740
01:32:08,520 --> 01:32:08,680
Speaker 3: Man.

1741
01:32:08,720 --> 01:32:11,640
Speaker 5: If I showed you guys the testimonials and the outcomes

1742
01:32:11,680 --> 01:32:15,439
Speaker 5: of that, that's a whole. That's the whole thinking and

1743
01:32:15,479 --> 01:32:19,479
Speaker 5: of itself. That really gets people galvanized and mobilized in

1744
01:32:19,520 --> 01:32:23,320
Speaker 5: one place, are shooting for their own individual goal. We

1745
01:32:23,400 --> 01:32:26,679
Speaker 5: have a saying, run your race at your pace. Don't

1746
01:32:26,760 --> 01:32:29,320
Speaker 5: keep up with what nobody else doing on social media.

1747
01:32:29,760 --> 01:32:32,280
Speaker 5: Run your race. If you don't know how to trade,

1748
01:32:33,200 --> 01:32:36,479
Speaker 5: you can't expect to do what Troy able to do. Okay,

1749
01:32:36,880 --> 01:32:39,040
Speaker 5: you got to learn what you You got to learn

1750
01:32:39,040 --> 01:32:41,160
Speaker 5: how to just make one hundred dollars a day. And

1751
01:32:41,200 --> 01:32:43,400
Speaker 5: so your goal on one hundred k may be different

1752
01:32:43,400 --> 01:32:46,160
Speaker 5: than a person that come to me from boring. He

1753
01:32:46,240 --> 01:32:49,519
Speaker 5: an engineer, he got six hundred thousand, but he just

1754
01:32:49,520 --> 01:32:52,240
Speaker 5: ain't never invested. Your goal might be different than his.

1755
01:32:52,760 --> 01:32:54,920
Speaker 5: And so you have to run your race at your pace.

1756
01:32:54,960 --> 01:32:57,680
Speaker 5: And so that has changed a lot of lives. But

1757
01:32:57,760 --> 01:32:59,880
Speaker 5: it gives us a goal and we walk it out

1758
01:33:00,080 --> 01:33:01,800
Speaker 5: or twelve months. It don't take us that long to

1759
01:33:01,840 --> 01:33:04,080
Speaker 5: hit one hundred k. I saw that seventy eight k

1760
01:33:04,120 --> 01:33:08,320
Speaker 5: you hit Rasha, so you already smashing half of the

1761
01:33:08,360 --> 01:33:11,000
Speaker 5: group just on en route to that. But that's how

1762
01:33:11,040 --> 01:33:14,120
Speaker 5: we do. We do one hundred k in a week

1763
01:33:14,439 --> 01:33:17,320
Speaker 5: and the month sometimes and so but it's a beautiful

1764
01:33:17,320 --> 01:33:20,080
Speaker 5: community as well. And then it's just a bunch of

1765
01:33:20,240 --> 01:33:22,840
Speaker 5: like minded individuals. One thing I would say I do

1766
01:33:22,880 --> 01:33:25,880
Speaker 5: a coaching So it gives me a little more insight

1767
01:33:25,960 --> 01:33:28,800
Speaker 5: than your average person. And I talk to the people.

1768
01:33:28,840 --> 01:33:31,479
Speaker 5: It ain't my team, it's me talking to the people,

1769
01:33:31,560 --> 01:33:34,639
Speaker 5: and so I get these stories every day. And one

1770
01:33:34,640 --> 01:33:39,400
Speaker 5: thing I noticed is that they are eager to learn.

1771
01:33:40,000 --> 01:33:42,439
Speaker 5: I got the best spirited people. They come with the

1772
01:33:42,520 --> 01:33:44,760
Speaker 5: right energy, come with the right mindset, and I just

1773
01:33:44,880 --> 01:33:47,280
Speaker 5: love it. In a lot of days, which I salute

1774
01:33:47,320 --> 01:33:49,879
Speaker 5: you guys for we don't feel like showing up. Sometimes

1775
01:33:49,920 --> 01:33:52,360
Speaker 5: it's the love and the energy from the people that

1776
01:33:52,560 --> 01:33:56,360
Speaker 5: energizes you and gets you through and gets you going

1777
01:33:56,439 --> 01:33:58,760
Speaker 5: and gets you up for that next day. And so

1778
01:33:59,560 --> 01:34:01,639
Speaker 5: that's a little bit of it in a nutshell.

1779
01:34:01,720 --> 01:34:05,680
Speaker 4: Man, absolute thank you for coming on. I think this

1780
01:34:05,840 --> 01:34:08,840
Speaker 4: was very helpful and beneficial and I'm sure a lot

1781
01:34:08,840 --> 01:34:11,960
Speaker 4: of people will gain great insight. Hopefully it could push

1782
01:34:12,000 --> 01:34:14,920
Speaker 4: people to, you know, take the first step. I always

1783
01:34:14,920 --> 01:34:17,479
Speaker 4: say the most important step is the first step. So

1784
01:34:18,040 --> 01:34:19,559
Speaker 4: you know, there's a lot of people that's kind of

1785
01:34:19,600 --> 01:34:23,160
Speaker 4: on the fence and thinking about it and a little nervous,

1786
01:34:23,200 --> 01:34:26,240
Speaker 4: and you know, so just start, man, it doesn't matter

1787
01:34:26,280 --> 01:34:29,000
Speaker 4: if it's a thousand dollars, one hundred dollars, whatever you've got,

1788
01:34:29,760 --> 01:34:33,439
Speaker 4: start be intelligent, be disciplined. If you're not gonn get

1789
01:34:33,439 --> 01:34:37,080
Speaker 4: anything else from out of it's just understand that it's a marathon,

1790
01:34:37,240 --> 01:34:39,880
Speaker 4: right like, one day at a time, one day at

1791
01:34:39,880 --> 01:34:43,640
Speaker 4: a time, put the money in. It's not something that

1792
01:34:43,640 --> 01:34:46,880
Speaker 4: you're going to become a billionaire overnight. But you can't.

1793
01:34:46,920 --> 01:34:51,679
Speaker 4: You can't change it, change your situation with discipline over

1794
01:34:51,720 --> 01:34:55,000
Speaker 4: the course of time. So you know, perfect, perfect way

1795
01:34:55,040 --> 01:34:58,479
Speaker 4: to start the new year. Absolutely hopefully you know, hopefully

1796
01:34:58,520 --> 01:35:02,639
Speaker 4: everybody that that's watching it. Yes, if you haven't invested,

1797
01:35:02,680 --> 01:35:04,599
Speaker 4: hopefully you know by next week, you guys have your

1798
01:35:04,600 --> 01:35:08,120
Speaker 4: brokerage account set up, you have money in your brokerage account,

1799
01:35:08,120 --> 01:35:11,000
Speaker 4: and you'll be ready to you know, place your first

1800
01:35:11,040 --> 01:35:12,120
Speaker 4: investment hopefully.

1801
01:35:12,280 --> 01:35:14,160
Speaker 3: I said, Man, that's the rules for investment.

1802
01:35:14,160 --> 01:35:16,560
Speaker 6: Man, start where you are, use what you can and

1803
01:35:17,040 --> 01:35:18,519
Speaker 6: do what you get what you have what you can

1804
01:35:18,680 --> 01:35:22,320
Speaker 6: as well. It's the mindset around it is just begin,

1805
01:35:22,960 --> 01:35:25,200
Speaker 6: just begin. So from one educated to the next man,

1806
01:35:25,439 --> 01:35:26,439
Speaker 6: we salute you brother.

1807
01:35:26,960 --> 01:35:30,120
Speaker 3: This is I'm excited. I'm excited to see people get involved.

1808
01:35:30,520 --> 01:35:30,600
Speaker 5: Right.

1809
01:35:31,400 --> 01:35:34,160
Speaker 6: I had this conversation the other day about the proximity

1810
01:35:34,160 --> 01:35:37,160
Speaker 6: to success and wondering, like you know, there's people around

1811
01:35:37,200 --> 01:35:40,360
Speaker 6: us that have close proximity to us. They haven't opened

1812
01:35:40,360 --> 01:35:43,640
Speaker 6: their brokerage account, right, but somebody's going to encourage them, right.

1813
01:35:43,680 --> 01:35:46,360
Speaker 6: They might hear it from somebody else sometimes and it's like,

1814
01:35:46,400 --> 01:35:48,760
Speaker 6: all right, this is the starting point. So twenty twenty five,

1815
01:35:49,680 --> 01:35:52,360
Speaker 6: we speak about it and it sounds fearful, but this

1816
01:35:52,400 --> 01:35:54,439
Speaker 6: is the most important five years that we're going to

1817
01:35:54,479 --> 01:35:57,839
Speaker 6: see when you're talking about the obviously from the political landscape,

1818
01:35:57,840 --> 01:36:00,719
Speaker 6: but the way technology is had it, we can't miss

1819
01:36:00,720 --> 01:36:01,480
Speaker 6: this opportunity.

1820
01:36:01,840 --> 01:36:03,360
Speaker 3: And so the best time to start is today.

1821
01:36:03,920 --> 01:36:08,759
Speaker 5: Absolutely, appreciate you, brother, I appreciate youall having me man.

1822
01:36:09,200 --> 01:36:12,160
Speaker 4: As always, love and thanks to everybody that watch. We'll

1823
01:36:12,200 --> 01:36:13,559
Speaker 4: see you guys next week.

1824
01:36:14,400 --> 01:36:17,599
Speaker 5: Let's make sure that book is number one you deserve.

1825
01:36:17,680 --> 01:36:18,120
Speaker 3: That's a great.

1826
01:36:18,240 --> 01:36:20,920
Speaker 4: Make sure you get the book. Get the book a

1827
01:36:20,960 --> 01:36:23,160
Speaker 4: couple of hours left before that, before that, that first

1828
01:36:23,160 --> 01:36:26,160
Speaker 4: week cycle is over. So we need all all book

1829
01:36:26,200 --> 01:36:30,519
Speaker 4: sales help, every book sales help. Hard copy is better

1830
01:36:30,680 --> 01:36:33,960
Speaker 4: than audio. So yeah, if you're going get the audio,

1831
01:36:34,000 --> 01:36:35,599
Speaker 4: get the hard copy too. Even if you don't.

1832
01:36:37,680 --> 01:36:39,880
Speaker 3: He's done plenty of times. Man, you you read the

1833
01:36:39,880 --> 01:36:42,120
Speaker 3: book while you listen to us. Read it with you.

1834
01:36:42,200 --> 01:36:44,240
Speaker 3: So that's dope and it's us. It's us too.

1835
01:36:45,400 --> 01:36:45,759
Speaker 5: Family.

1836
01:36:46,280 --> 01:36:48,320
Speaker 4: Yes, all right, guys, we'll see you next week.

1837
01:36:48,720 --> 01:36:49,000
Speaker 3: Peace.

1838
01:36:50,520 --> 01:36:54,120
Speaker 1: An illegal alien from Guatemala charged with raping a child

1839
01:36:54,200 --> 01:36:58,000
Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador

1840
01:36:58,240 --> 01:37:02,400
Speaker 1: accused of murdering a Texas man of Venezuelan charged with

1841
01:37:02,439 --> 01:37:06,360
Speaker 1: filming and selling child pornography in Michigan. These are just

1842
01:37:06,439 --> 01:37:10,160
Speaker 1: some of the heinous migrant criminals caught because of President

1843
01:37:10,240 --> 01:37:13,840
Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

1844
01:37:13,840 --> 01:37:18,639
Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

1845
01:37:18,680 --> 01:37:22,240
Speaker 1: crossings are at the lowest levels ever recorded, and over

1846
01:37:22,280 --> 01:37:25,519
Speaker 1: one hundred thousand illegal aliens have been arrested. If you

1847
01:37:25,560 --> 01:37:29,439
Speaker 1: are here illegally, your next you will be fine nearly

1848
01:37:29,520 --> 01:37:33,519
Speaker 1: one thousand dollars a day, imprisoned and deported, you will

1849
01:37:33,560 --> 01:37:37,200
Speaker 1: never return. But if you register using our CBP home

1850
01:37:37,240 --> 01:37:40,639
Speaker 1: app and leave now, you could be allowed to return legally.

1851
01:37:41,000 --> 01:37:45,759
Speaker 1: Do what's right, leave now. Under President Trump, America's laws,

1852
01:37:45,920 --> 01:37:48,360
Speaker 1: border and families will be protected.

1853
01:37:48,439 --> 01:37:50,599
Speaker 2: Sponsored by the United States Department of Homeland Security,