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Speaker 2: Today. The Talk of the Town Facebook Instagram was out

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Speaker 2: for eight hours. It caused massive anxiety amongst a lot

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Speaker 2: of people, depression, confusion, all of the above not only Instagram,

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Speaker 2: Facebook and whatsappened, all of the whole Facebook's trilogy was

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Speaker 2: down for the day and its stock was down. Crazy

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Speaker 2: stock was down seven percent, I believe, along with the

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Speaker 2: rest of the market, which we'll talk about that. So

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Speaker 2: all right, let's get into this conversation about Facebook.

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Speaker 3: Do you guys question me on if not you but

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Speaker 3: if TikTok is going to overtake them in two years

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Speaker 3: they have a billion users. This is a clean example

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Speaker 3: of why they are not the dominant force they used

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Speaker 3: to be. So the whistleblower came out and stated they

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Speaker 3: had been covering up the hate speech and as a result,

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Speaker 3: you know, the DNS workers went missing for a while.

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Speaker 3: Facebook's in trouble. It's a lot of things that I

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Speaker 3: want to say about the topic, but I want to.

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Speaker 4: Keep us on the air.

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Speaker 3: But this is the start of a slow decline of Facebook,

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Speaker 3: and the Passinger the guard has begun already.

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Speaker 5: Yeah, I mean, I believe I want to say her

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Speaker 5: name right, francis huge, and I believe it is the

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Speaker 5: name of the whistleblower, So you're not familiar with it.

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Speaker 5: So yeah, So she did say that about the hate speech,

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Speaker 5: especially during the election, but sex trafficking was one of

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Speaker 5: the things she claimed that they knew about and hadn't

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Speaker 5: taken action on. So it's interesting with that. Tomorrow she's

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Speaker 5: testifying in front of Congress about this information, and today

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Speaker 5: Facebook was down, Instagram was down. Now, Ian, I know,

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Speaker 5: we only want to call them conspiracy theories, but some

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Speaker 5: things just don't happen by accident.

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Speaker 3: Some things we got to stay away from as well.

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Speaker 3: I mean, I mean, even the privacy changes in an

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Speaker 3: ad business from Apple was hurting them dramatically. And that's

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Speaker 3: why I kept telling you guys, you guys like, well,

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Speaker 3: it never get passed up and the youth is there

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Speaker 3: because of Instagram. They let the box remain on Instagram

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Speaker 3: because the engagement is not.

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Speaker 4: As high as it used to be.

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Speaker 3: Yeah, so our business owners, you ill.

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Speaker 4: No, I was gonna say, so the ad thing, I'll.

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Speaker 5: Just explain that really quickly because role some notes on

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Speaker 5: that so people could really understand what's happening with the

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Speaker 5: Apple privacy. So Facebook's been warning advertisers for some time

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Speaker 5: that apples new privacy features, which allow mobile users to

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Speaker 5: app out of being tracked across the iOS apps, would

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Speaker 5: cause issues for the way it's ad targeting business typically operates.

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Speaker 5: So if you were somebody that spends the Facebook ads

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Speaker 5: right and obviously use the iPhone, the iOS. There had

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Speaker 5: been some misleading numbers, right, I think they set up

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Speaker 5: to fifteen percent.

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Speaker 4: The numbers were actually fifteen percent off.

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Speaker 5: So if you're spending at a high rate, like a

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Speaker 5: lot of small businesses do, to get there their message

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Speaker 5: and their company out there to the billions of users

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Speaker 5: that are on Facebook, and you're overpaying, and they're saying like, look,

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Speaker 5: our numbers are off by fifteen percent now estimated fifteen

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Speaker 5: percent could be more. We'll find out a little bit

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Speaker 5: more tomorrow. That's a huge issue. That's a huge issueber

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Speaker 5: And so I mean they're in a tough spot. They're

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Speaker 5: in a tough spot, and I guess the logical question

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Speaker 5: for people will be like, all right, well do we

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Speaker 5: believe in Facebook?

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Speaker 4: Probably? Yeah? Right to fank Stock, where's a good point

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Speaker 4: to get in or is it a good time now?

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Speaker 4: We're gonna wait t tow it to four.

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Speaker 3: No good name me for better companies than Facebook right now.

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Speaker 3: There's a reason why Wall Street historically and a heads

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Speaker 3: from spaces not like Zuckerberg as the CEO, I will

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Speaker 3: not get into it. I G I still need to

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Speaker 3: be verified. Brian helped me out, but as a stock

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Speaker 3: no don't. I wouldn't touch it.

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Speaker 6: So you win. You win to advise people.

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Speaker 4: Facebook, I wouldn't touch it.

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Speaker 6: Mhm.

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Speaker 4: Okay.

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Speaker 6: And this is solely because you feel that.

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Speaker 2: It has it's reached its peak and it is like

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Speaker 2: downhill from here.

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Speaker 3: There's limited upsides to Facebook at this moment, even if

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Speaker 3: you look outside of acquisitions. What innovation is Facebook had

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Speaker 3: in the last five years?

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Speaker 4: Okay?

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Speaker 5: I mean, are we still taking into account that the

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Speaker 5: amount of small businesses and businesses that have used the

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Speaker 5: platform and the fact that it's I mean, it's still

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Speaker 5: the largest social media platform with all the ancillaries.

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Speaker 4: What's happened obviously Instagram and you see.

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Speaker 3: I brighte that ball shining behind me. It's a lot

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Speaker 3: that I can't say. And for all the stuff that

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Speaker 3: I said, for me to say, I can't say something,

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Speaker 3: it's much deeper than this. And then also two other

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Speaker 3: networks got affected. This isn't just a Facebook thing. It's

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Speaker 3: going to be tied to a few other companies. This

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Speaker 3: will be a change in of the guard. Can you

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Speaker 3: swing trade it and make some coins off of it?

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Speaker 4: Sure?

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Speaker 6: Long term?

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Speaker 3: And I've been a fan of Facebook since two thousand

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Speaker 3: and five, when steveg put me on it. I tried

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Speaker 3: to get my family to invest in it as an angel.

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Speaker 3: Couldn't convince them that one hundred grand would have turned

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Speaker 3: into forty eight million by now probably no, yes.

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Speaker 2: Stay away, all right, So okay, stay away from Facebook.

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Speaker 2: Then any last words about Facebook?

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Speaker 3: For my business owners began to start to use TikTok,

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Speaker 3: LinkedIn and other platforms. And also, if you do not

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Speaker 3: have the data of your customer and client lists personally,

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Speaker 3: you're going to be in trouble. There's a lot of

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Speaker 3: people today who were depressed because they thought they were

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Speaker 3: going to go out of business because they don't have

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Speaker 3: access to their client data.

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Speaker 4: Only you are possible for your own business. Yeah. Please.

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Speaker 5: Wall Street Journal had an article about that, especially people

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Speaker 5: in the fitness industry where they rely solely to reach

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Speaker 5: their customers through Facebook or Facebook Messenger, and how in

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Speaker 5: the day they lost business because there was no way

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Speaker 5: to contact them. Your It's interesting that they Facebook actually

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Speaker 5: pushed the message out that they were down on Twitter, yeah, the.

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Speaker 6: Outlet they couldn't put it on Facebook, Instagram.

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Speaker 4: Yeah, I thought that was that was pretty ironic.

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Speaker 5: Okay, Well, you were known for being the social media

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Speaker 5: giant that had to go to another one because we're

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Speaker 5: having quote unquote technical issues.

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Speaker 2: Can I can I okay? Well, Facebook, hold your head,

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Speaker 2: let me let me. I want to just do something

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Speaker 2: if we can real quick, because I've been traveling a lot.

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Speaker 5: And this episode is brought to you by P and

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Speaker 4: What's up?

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Speaker 5: You ever walk into a small business and everything just

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Speaker 5: works like the checkout is fast, the receipts are digital,

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Speaker 8: An illegal alien from Guatemala charged with raping a child

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Speaker 8: in Massachusetts. An MS thirteen gang member from El Salvador

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Speaker 8: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 8: filming and selling child pornography in Michigan. These are just

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Speaker 8: some of the heinous migrant criminals caught because of President

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Speaker 8: Donald J. Trump's leader. I'm Christy Noman, the United States

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Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 8: crossings are at the lowest levels ever recorded, and over

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Speaker 8: one hundred thousand illegal aliens have been arrested. If you

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Speaker 8: are here illegally, your next you will be fine nearly

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Speaker 8: one thousand dollars a day, imprisoned and deported, you will

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Speaker 8: never return. But if you register using our CBP home

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Speaker 8: app and leave now, you could be allowed to return legally.

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Speaker 8: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 8: border and families will be protected.

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Speaker 4: Sponsored by the United States Department of Homeland Security.

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Speaker 2: Given me and people, and thank you for all your

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Speaker 2: encouraging words. We really really appreciate it. What I realized

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Speaker 2: is that is Sha'll tell you on YouTube four thousand

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Speaker 2: people please hit the like button. I realized there's a

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Speaker 2: lot of people that tune into us and are just

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Speaker 2: getting started and are just new to investing. So even

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Speaker 2: though we mentioned something before, it might be good to

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Speaker 2: every once in a while just kind of refresh it.

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Speaker 2: So if we could take a couple of minutes, I

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Speaker 2: wanted to talk about something that is we've talked about before,

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Speaker 2: but it's always a relevant conversation and something that's always

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Speaker 2: extremely important investing for your children, and kind of just

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Speaker 2: you know, just break this down a little bit. So

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Speaker 2: I want to I want to, like I said, I

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Speaker 2: don't want to rush over things, and I want to

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Speaker 2: make sure that everybody has a good understanding so that

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Speaker 2: they can go out and execute and really put these

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Speaker 2: plays into action, because that's what we're here for. So

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Speaker 2: when we talk about investing for your children, you know,

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Speaker 2: we talk about two things. Really, the five to twenty

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Speaker 2: nine plan. We've spoke about that before and the five

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Speaker 2: to twenty nine plan, our state sponsored investing plans. We

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Speaker 2: used to be college savings, but President Trump a few

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Speaker 2: years ago he changed that with the tax law that

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Speaker 2: he passed, and now you can actually use the money

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Speaker 2: for any form of education. So the benefit of the

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Speaker 2: five to twenty nine plan is that the money grows

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Speaker 2: and it's tax.

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Speaker 6: Free as long as you use it for education.

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Speaker 2: So, you know, you have different states, every state, New York,

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Speaker 2: New Jersey, Connecticut, California, and they all have five to

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Speaker 2: twenty nine plans. Depending on which state you live in,

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Speaker 2: you can get a state tax deduction. You can't get

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Speaker 2: a federal tax deduction, but it's depending on what state

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Speaker 2: you live in. You can get a state tax deduction

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Speaker 2: if you invest in that state's five to twenty nine plans.

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Speaker 2: So that might be something to look into if you

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Speaker 2: are interested in investing money and having money for private school,

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Speaker 2: for you know, college, for prep school, any any of

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Speaker 2: the above. So that's the question that people get a lot.

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Speaker 2: And then there's another alternative to that, which is the UTMA,

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Speaker 2: which is the Uniform transfers a miners account and you

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Speaker 2: can really open that on any brokerage. And what that

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Speaker 2: allows you to do is set up an investment account,

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Speaker 2: just like you would set up an investment account for yourself,

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Speaker 2: but an investment account for your child. You don't have

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Speaker 2: the same tax benefits, but you can use the money

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Speaker 2: for whatever you want, not just education. So now you

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Speaker 2: know you can use the money down the line. You

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Speaker 2: can give them the start of business, or they you know,

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Speaker 2: want to just buy a car, whatever they want to do.

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Speaker 2: It's an investment account that they have access to when

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Speaker 2: they're an adult. But now you can invest in ETFs,

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Speaker 2: you can invest in index funds, you can invest in

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Speaker 2: individual stocks. So that's another you know, way to say

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Speaker 2: for a child just has a lot more flexibility so you.

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Speaker 6: But you don't have the same tax benefits.

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Speaker 2: So that's something that, like I said, I just wanted

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Speaker 2: to kind of throw that in there, because every week

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Speaker 2: I think we should just talk like just one I

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Speaker 2: don't even want to call it basic because everybody's in

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Speaker 2: different levels. So it's just one thing that we might

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Speaker 2: have to just go back to, you know, the beginning stages,

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Speaker 2: because at least, you know, there are some people that's

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Speaker 2: watching this that's watching this for the first time and

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Speaker 2: have not invested. So we just always want to make

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Speaker 2: sure that we mix in high level conversations with some

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Speaker 2: conversations that might be a little bit more you know,

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Speaker 2: beginning level, so people have you know, a clear understanding

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Speaker 2: so they can take action.

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Speaker 6: You gentlemen, want to add anything.

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Speaker 4: To that, I'll just add to the up conversation.

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Speaker 5: So when you talked about stocks, we talked about iras,

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Speaker 5: but you can.

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Speaker 4: Also up invest in real estate and in art cars.

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Speaker 5: It's not really limited, whereas the UGMA it's traditionally just

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Speaker 5: for stocks, bonds, and iras. So there's a slight difference

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Speaker 5: between the two, but both of the studio accounts a

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Speaker 5: great way, a great tool to invest for your children.

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Speaker 5: We talk about ours all the time and how we're

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Speaker 5: investing for our children so that when they reach a

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Speaker 5: certain age, they'll have an income that we never saw

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Speaker 5: because it's not that our parents weren't prepared, but they

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Speaker 5: weren't possibly not properly educated or even knew about what

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Speaker 5: these things were. So the more we learn, the more

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Speaker 5: we're able to teach. So we're just passing that forward.

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Speaker 2: Ian you want to add anything to that, Yeah, the

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Speaker 2: more that you invest for your child, the better.

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Speaker 3: That's the most important decision that a parent has to

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Speaker 3: make right now, right now. How much you're going to

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Speaker 3: invest for your child every single month, and do not

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Speaker 3: deviate from that plan. Even if you put away ten

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Speaker 3: thousand dollars for your child, by the time time at twenty,

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Speaker 3: they should have a million easily, if you listen to

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Speaker 3: some of the advice that I give, and the market

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Speaker 3: continues to run at this pace, be more than that.

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Speaker 3: So put money away from your child every way, every month.

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Speaker 3: Then it should be the first bill that you pay

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Speaker 3: every single month.

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Speaker 4: For sure. I got a question for both of you.

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Speaker 5: Right, So when we talk about ourselves as individuals, we

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Speaker 5: always say, all right, we should have this amount of

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Speaker 5: money saved for six to twelve months and have a portfolio.

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Speaker 5: Make sure it's diversifyed. What do you think about for

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Speaker 5: our children? Are we going to have that same approach?

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Speaker 5: But we have custodio accounts, we have a savior's account.

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Speaker 5: What do you think for your child?

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Speaker 2: Yeah, I mean I think that you want to stay

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Speaker 2: we have to have a savings account for your child,

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Speaker 2: but you can have I would have a five to

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Speaker 2: twenty nine plan if you want to go that approach,

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Speaker 2: Like if you want to have just money just for college,

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Speaker 2: because that's real big A lot of people want to

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Speaker 2: just save money just for college. You have the five

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Speaker 2: to twenty nine plan. But then if you want to

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Speaker 2: just have money just for them, then you will go

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Speaker 2: with them. So you can do you can actually do both.

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Speaker 2: And another question is like how much should you put away?

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Speaker 2: There's really no set number. It depends on how much

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Speaker 2: money you have, but I go with the eighty twenty

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Speaker 2: eighty percent of your investment budget should be for yourself

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Speaker 2: and then twenty percent should be for your child it's

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Speaker 2: my opinion. I feel like you have to secure your

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Speaker 2: own future before you can secure anybody else's future, including

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Speaker 2: your child. So you know, make sure that you're investing

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Speaker 2: in your own retirement first, make sure you're investing in

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Speaker 2: your own broken's account first. Make sure you're investing in

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Speaker 2: yourself first, because ultimately, if you don't have enough money

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Speaker 2: in your own account and you have money in your

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Speaker 2: child's account and you need money, you're going to take

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Speaker 2: money from the account.

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Speaker 4: Anyway.

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Speaker 2: It's happened before, so yeah, I've seen it happen before.

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Speaker 2: It is it is lightning in La. So that's my

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Speaker 2: that's my thoughts. Like I said, that's just something that

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Speaker 2: secure your own secure your own future first.

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Speaker 3: And if you invest a long term for your child,

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Speaker 3: you won't need the savings, I think, because the gains

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Speaker 3: and the compounder will be there and you're going to

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Speaker 3: get a hell of a better return doing it that

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Speaker 3: way for sure. That that's what I've done for Xander

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Speaker 3: and it's worked out amazing. So I would say invest

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Speaker 3: every dollar that you can for your child, and even

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Speaker 3: with parents and friends, instead of getting your kids' toys,

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Speaker 3: have them invest directly into the market. For your child

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Speaker 3: if they really care about them.

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Speaker 2: My graduates from my school being forced bad drop.

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Speaker 6: Bag drop, Mike drop bad drop.

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Speaker 7: Drops Coach, the energy out there felt different. What changed

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Speaker 7: for the team today?

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Speaker 3: It was the new game day scratches from the California

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Speaker 3: Lottery players.

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Speaker 4: Everything. Those games sent the team's energy through the roof.

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Speaker 7: Are you saying it was the off field play that

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Speaker 7: made the difference on the field.

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Speaker 4: Hey, little play makes your day, and today it made

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Speaker 4: the game. That's all of now, Coach.

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Speaker 3: One more question.

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Speaker 7: Play the new Los Angeles Chargers, San Francisco forty nine

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Speaker 7: ers and Los Angeles Rams scratchers from the California Lottery.

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Speaker 7: A little play can make your day. Peacely, responsibly. It

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Speaker 7: must be eighteen years or older to purchase plate or

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Speaker 7: claim