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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. My

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Speaker 2: graduates from my school being false back and drop drop Mike,

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Speaker 2: drop back, drop Drop.

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Speaker 3: Earners, what's going on? You are now locked in the

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Speaker 3: cliff notes, the number one place for investment strategies, tips

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Speaker 3: and advice. Make sure you have your notepads ready, but

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Speaker 3: more importantly, make sure you're ready to execute on the

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Speaker 3: information to hear a more extended conversation. Make sure to

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Speaker 3: check out our live YouTube show market Mondays every Monday

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Speaker 4: Now, all right, guys, welcome back. Before we start, we

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Speaker 4: gotta let you know. You know, we got a lot,

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Speaker 4: a lot of requests extend the sale for Eyle University.

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Speaker 2: We heard you.

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Speaker 4: It was supposed to get shut down on January one,

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Speaker 4: but as you know any university, or as you might

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Speaker 4: not know, it's actually ending as its current form and

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Speaker 4: graduate school will begin. So we was planning on launching

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Speaker 4: and graduate school January first, ran to some technical difficulties,

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Speaker 4: had to make sure everything was right with the website

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Speaker 4: and all that, so we pushed it back a week.

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Speaker 4: The price made double, may tripping, may quadruple. We definite know,

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Speaker 4: but it's going to be completely revamped. It's gonna be

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Speaker 4: a different situation. But Eyl University includes over one hundred

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Speaker 4: past webinars weekly webinars, access to our movie club, access

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Speaker 4: to our book club, access to our Facebook group, bi

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Speaker 4: weekly real estate calls with MG the Mortgage Guy, and

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Speaker 4: once a month financial planning calls with me. All of

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Speaker 4: that is included in the EYO University membership. So if

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Speaker 4: you're interested, you can go to eyouniversity dot com right

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Speaker 4: now and enter promo code eyl at checkout for forty

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Speaker 4: percent off. Yeah. So four one K, right, this is

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Speaker 4: the beginning of the year. The four one K is

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Speaker 4: a lot of people's first way to start investing in

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Speaker 4: the stock market. Right, most people actually the majority of

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Speaker 4: their stock investment, or if they only they only have

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Speaker 4: one stock investment, and that is the four one K. Right.

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Speaker 4: A lot of people don't have outside stock investments outside

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Speaker 4: of a retirement plan. So what is your suggestion for people,

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Speaker 4: young people or old people whatever that you know might

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Speaker 4: have just signed up for the four one K or

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Speaker 4: are in a four one K. What's your thoughts on

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Speaker 4: allocation and things of that nature.

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Speaker 2: No, I think that that's a really good question. I

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Speaker 2: did want to address what you all said about the

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Speaker 2: tax deductions before we move forward, because I think that

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Speaker 2: that's important and significant. When you live your life like

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Speaker 2: a business. The expenses that you incur as an individual,

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Speaker 2: you can, like you said, right off, as a business.

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Speaker 2: So like the Internet that you're using on a regular basis,

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Speaker 2: you already know you was going to be scrolling through Instagram,

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Speaker 2: following uy L following in, following a shot, following Troy following,

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Speaker 2: like y'all said, all right, but you also use your

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Speaker 2: Internet to run your business. Your cell phone, you gonna

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Speaker 2: call your girlfriend, You gonna gossip about that guy you

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Speaker 2: swipe right on and he showed up at the day

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Speaker 2: a whole catfish. But guess what else? You're gonna use

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Speaker 2: your cell phone to call? Make business calls in order

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Speaker 2: to generate business. Like when I started looking at the

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Speaker 2: number of tax deductions that are available for your business,

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Speaker 2: those number over four hundred deductions. If you're going on

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Speaker 2: vacation but you're doing business for a certain percentage of time,

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Speaker 2: that's no longer a business. I mean, that's no longer

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Speaker 2: a vacation. That's now business travel. So when I started

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Speaker 2: to reorient my mind into thinking about what are the

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Speaker 2: things that I'm gonna do anyway, you know, just as

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Speaker 2: an individual, how can I reclassify that as my business,

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Speaker 2: I was able to see how I can reduce the

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Speaker 2: taxable income because you all talked about taxes being expensive.

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Speaker 2: Taxes are expensive the more income that you earn, because

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Speaker 2: the percentage that they charge in taxes increases along with

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Speaker 2: your income. With deductions, you're able to reduce that tax liability,

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Speaker 2: and that's what deductions really afford to you. So that

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Speaker 2: was I really liked how you all talked about that.

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Speaker 2: In regard to the four O one K four O

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Speaker 2: three B if you're working with a nonprofit organization four

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Speaker 2: one K four three B TSP. If you're self employed,

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Speaker 2: it is the IRIS the traditional ROTH, and we can

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Speaker 2: talk about that as well. The first thing that you

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Speaker 2: want to do is you want to ask your employer,

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Speaker 2: because the four to oh one K is an employer

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Speaker 2: sponsor program, if they can match your contribution and how

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Speaker 2: much they match per dollar. So one of my employers

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Speaker 2: match up to six percent of the salary that I

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Speaker 2: was earning, so every single year, just like you said, Richard,

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Speaker 2: they're going to ask for those individuals who want to

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Speaker 2: contribute to the four oh one K, they're going to

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Speaker 2: ask how much you want to contribute and how frequently,

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Speaker 2: So you want to make sure that you ask those

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Speaker 2: critical questions. The second thing is the biggest mistake that

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Speaker 2: I made, is I did listen to my mama because

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Speaker 2: she told me listen at twenty years oh, you were

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Speaker 2: going to be invested in your four one K, and

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Speaker 2: I will tell her at twenty years old, I'm not

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Speaker 2: thinking about retirement. I'm not thinking about retirement. But we

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Speaker 2: know the benefits of compound interest. The earlier you get started,

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Speaker 2: the more your money can go to work with you

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Speaker 2: or work for you over the years. So my mom

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Speaker 2: started investing in retirement at thirty one. She thought if

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Speaker 2: I could start eleven years ahead of her, then perhaps

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Speaker 2: I could retire early. But for four one ks, you

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Speaker 2: want to look inside whatever your employer has set you

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Speaker 2: up with. Initially, for me, one of the biggest mistakes

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Speaker 2: I made is I looked inside of my four one

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Speaker 2: K late and I saw that nearly one hundred percent

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Speaker 2: of my money was invested in money markets. So I

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Speaker 2: think I heard maybe Ian talking about it earlier. I

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Speaker 2: came in maybe about ten minutes towards the end of

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Speaker 2: the conversations. But money markets are not going to return

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Speaker 2: as much as equities, So like my money is returning

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Speaker 2: one or two percent a year. It took me like

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Speaker 2: two years to check it. One or two percent a year.

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Speaker 2: That's equivalent to your money be invested in a savings account.

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Speaker 2: Think about a four to one K. If you were

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Speaker 2: active managing your funds, or you're critically thinking about what

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Speaker 2: mutual funds you want to select, then you should be

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Speaker 2: returning at least, in my opinion, at least that what

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Speaker 2: the S and P five hundred is returning. So one

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Speaker 2: to two percent was too low for me. So I

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Speaker 2: had to go inside of my four o one k,

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Speaker 2: look at the mutual funds that my employer has selected

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Speaker 2: for me, and then get smart, just like you all

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Speaker 2: said informations on the other side of your fingertips, get

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Speaker 2: smart about what mutual funds I thought we could perform

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Speaker 2: better for me versus what my employer selected. What are

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Speaker 2: some of the things that I look for. The first

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Speaker 2: thing is rule of thumb. You take one hundred and ten,

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Speaker 2: you subtracted by however old you are right now, and

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Speaker 2: whatever that resulting number is is the percentage of equities

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Speaker 2: in which your mutual funds should be invested.

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Speaker 3: So it said it one more time because I know

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Speaker 3: people missed it, but it's formula.

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Speaker 2: Yes, So you take one D and cent, you subtract

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Speaker 2: your age, and whatever that resulting number is is the

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Speaker 2: percentage of equities in which you should be invested. Equities

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Speaker 2: is synonymous to stocks. You can have US equities, which

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Speaker 2: is US companies. You can have non US equities, which

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Speaker 2: means that's foreign investments, that's foreign businesses that are being

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Speaker 2: traded on their stock markets. So whatever that number is,

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Speaker 2: equity should be represented there.

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Speaker 4: Ho hold, I just want to just because that was

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Speaker 4: that was actually a very very good, useful formula. So

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Speaker 4: if you're thirty years old, that's roughly eighty percent. Eighty

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Speaker 4: percent of your money should be in stocks. Yep, that's

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Speaker 4: extremely I agree.

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Speaker 2: You guys are sleeping on it. Write that down, crit

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Speaker 2: it down, and they can play in three weeks. Like

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Speaker 2: what was the formula? Write it down? Now, write it down,

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Speaker 2: Come on down, we should have one. Come on, let's go,

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Speaker 2: and you should be at money markets until you're like

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Speaker 2: seventy or eighty. I can't believe they. So that is

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Speaker 2: the thing about it is listen, y'all give away a

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Speaker 2: lot of free games, so you want to look at

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Speaker 2: the percentage of equities. You want to get familiar with

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Speaker 2: the different asset classes that are available to you. So

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Speaker 2: I heard Ian talking about bonds. You can do real estate,

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Speaker 2: you can do a mixed fund. So like, you want

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Speaker 2: to take a look at what's inside of that fund. Next,

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Speaker 2: you want to take a look at your mutual fund.

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Speaker 2: What is the expense ratio? Because over time, the higher

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Speaker 2: the expense ratio is, the more expensive it is to

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Speaker 2: keep that particular mutual fund. I recommend that the expense

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Speaker 2: ratio be one percent or fewer. Okay. Expense ratio is

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Speaker 2: what fund managers charge you to pay them to actively

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Speaker 2: manage the investments within your mutual fund portfolio. Okay, so

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Speaker 2: that's one percent. You take that one percent and you

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Speaker 2: multiply it by the money that you have invested in

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Speaker 2: that account. It's important that you understand what type of

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Speaker 2: equities are in there. So you may look at like

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Speaker 2: what is the type of fund and may say things

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Speaker 2: like large cap, mid cap, small cap. I believe Ian

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Speaker 2: was talking about this earlier too, so large cap. Those

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Speaker 2: are the large companies that you definitely recognize their names.

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Speaker 2: That's the Amazon's.

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Speaker 3: This episode is brought to you by P and C Bank.

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Speaker 2: Facebook's, the Microsofts to Googles. But then during the pandemic,

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Speaker 2: some of the high performers have been the MidCap companies.

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Speaker 2: So one particular MidCap mutual fund that I owned, two

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Speaker 2: companies that were on there that were turned in triple digits.

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Speaker 2: Tesla was in there, Teledoc was in there. Those were

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Speaker 2: two companies that you absolutely know their name, and they

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Speaker 2: returned it significantly. Why because, of course, we had a

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Speaker 2: black swan event. No one could have predicted that we

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Speaker 2: would be in the middle of a health pandemic, right,

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Speaker 2: a health pandemic that nobody could have anticipated. And those

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Speaker 2: companies that were able to serve our needs while we

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Speaker 2: stayed at home, which is why they call it stay

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Speaker 2: at home stocks, were able to experience tremendous growth. Okay,

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Speaker 2: so MidCap MidCap, and then you have small cap companies

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Speaker 2: and so those are small capitalized. That's what that CAP

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Speaker 2: stands capitalized companies. Okay, so you want to take a

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Speaker 2: look at that. Not everything that I take a look at.

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Speaker 2: When I'm looking at mutual funds, I'm looking at the sectors.

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Speaker 2: So you know, there's eleven sectors in the stock market, Like,

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Speaker 2: what are the top three to four sectors within that fund? Again,

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Speaker 2: one of the things that I loved about with Ian

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Speaker 2: said he said, hey, these were the top three performing

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Speaker 2: sectors for twenty twenty. Technology? Was it communications? Consumer discretionary.

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Speaker 2: Get comfortable in figuring out what exactly does that mean?

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Speaker 2: And guess what Google is? Your friend on the other

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Speaker 2: side of your fingertips again, is information. Don't swim in

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Speaker 2: the ocean of knowledge and drowning ignorance. When we talk

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Speaker 2: about technology, that's the Apple, that's a Microsoft, that's a Google.

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Speaker 2: When we talk about consumer discretionary, that's home depot. Y'all

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Speaker 2: was in y'all house, fixing your closets, painting your walls,

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Speaker 2: making your house look pretty. That's McDonald's. Were not going

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Speaker 2: to negotiate if you should be eating them chicken nuggets.

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Speaker 2: But let me tell you, some people got tired of cooking.

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Speaker 2: They went right on in not drive through. That's a

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Speaker 2: consumer discretionary category. Communications. Everybody was watching Netflix, Disney plus

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Speaker 2: the introduction of five g's, So that's Sprint. I ain't

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Speaker 2: gonna talk about y'all Sprint, folks, but the call always

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Speaker 2: drops somewhere. Communications sectors. Be smart about the sectors. What

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Speaker 2: are the companies that you're patronizing that you're spending your

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Speaker 2: hard earned dollars at during the pandemic after the pandemic,

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Speaker 2: pre pandemic, Be smart about the sectors. What are the

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Speaker 2: sectors that underperform? Energy? Why? That's oil, right, that's oil.

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Speaker 2: You can't love Tesla and be pro energy too, I

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Speaker 2: mean that's clean energy. You know something you're looking at energy?

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Speaker 2: You know you're taking the planes have been grounded? What

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Speaker 2: do they require fuel? Right? When we're talking about cars,

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Speaker 2: some of you aren't commuting to your nine to five.

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Speaker 2: You're nine to five. You're not driving from your house

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Speaker 2: to your job. You walk in from your bedroom to

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Speaker 2: your living room. Okay, so you're not putting as much

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Speaker 2: fuel in your car. Energy sector underperform, right, So like

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Speaker 2: that's raking low. So you want to take a look

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Speaker 2: at those sectors and you want to see if that

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Speaker 2: makes sense. What are some companies that are part of

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Speaker 2: those sectors? And then I look at the top ten

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Speaker 2: holdings within that mutual fund, because I think it's important

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Speaker 2: you know one of those top ten holdings, how they performing.

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Speaker 2: And then the last thing that I'll say is that, yes,

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Speaker 2: I read the prospectives. That's important. You should always read

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Speaker 2: the prospectus. Yes, for some of you all it's alone.

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Speaker 2: But if you can sit and you can watch Netflix

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Speaker 2: and Binge, watch it for three consecutive days and text

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Speaker 2: your boot, you can read the prospectus. But I also

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Speaker 2: look at the benchmark, because the benchmark is what the

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Speaker 2: fund manager said that they were going to this particular benchmark.

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Speaker 2: I'm going to perform at or better than this benchmark.

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Speaker 2: What is a benchmark? The guys talked about it on EYL.

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Speaker 2: That's why y'all in here, right. So like that might

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Speaker 2: be the S and P five hundred, five hundred publicly

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Speaker 2: traded companies. That might be the Russell two thousand, you know,

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Speaker 2: is it a Wrestle two thousand growth? Is it a

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Speaker 2: Wrestle two thousand value? It might be the Russell twenty

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Speaker 2: five hundred, It might be the Russell one thousand. This benchmark.

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Speaker 2: If you look at and this is a key that

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Speaker 2: I do when I'm teaching my classes, I go to

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Speaker 2: markets ft dot com. Or if you have a tarmac

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Speaker 2: with Fidelity, or you know whatever, wherever your four oh

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Speaker 2: one K exists, going there, maybe they have some resource tool.

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Speaker 2: But I go to marketsft dot com, I type in

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Speaker 2: the stock symbol and I click performance, And when you

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Speaker 2: click performance, it will show what was the benchmark for

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Speaker 2: that particular mutual fund and at what percentage did it

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Speaker 2: return five years ago, three years ago, one year ago,

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Speaker 2: six months ago, three months ago today, if the stock

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Speaker 2: market was open that day, Okay, it might be fifteen percent,

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Speaker 2: twenty percent. Right, Let's say five years ago was fifteen percent,

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Speaker 2: three years ago was ten percent. Then you're gonna look

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Speaker 2: at your mutual fund and you want to see how

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Speaker 2: well those fund managers put the expense ratio. Did they

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Speaker 2: charge you that one percent that point zero five percent

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Speaker 2: to work? If their benchmark was fifteen percent. If Russell

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Speaker 2: one thousand return fifteen percent and your mutual fund returned

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Speaker 2: six percent, they didn't even meet their benchmark. That means

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Speaker 2: they set a goal that they couldn't even meet. And

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Speaker 2: if they couldn't meet their goal five years, three years,

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Speaker 2: two years, one years, what makes you think that they're

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Speaker 2: gonna meet the goal today? So when I look at

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Speaker 2: the mutual fund, I always look at that benchmark, and

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Speaker 2: I'm always looking at the mutual fund and seeing if

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Speaker 2: that percentage is higher than the goal that the fund

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Speaker 2: set for itself. And that's important to look at performance

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Speaker 2: long term because, like Eyl said, twenty twenty was an

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Speaker 2: amazing year for those people who got smart and got

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Speaker 2: active in the market if you could afford to invest

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Speaker 2: right those returns. Some of these mutual funds were returning

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Speaker 2: twenty thirty forty fifty percent. We probably cannot anticipate that

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Speaker 2: that's gonna happen in twenty twenty one with the introduction

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Speaker 2: of the vaccine. But if you look five years, three years,

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Speaker 2: two years ago pre pandemic, you can see how those

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Speaker 2: fund managers were managing that account apps in COVID and

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Speaker 2: that could be a future indicator for their performance moving forward. Well,

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Speaker 2: what's now to cut you off? What's the mutual fund

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Speaker 2: or top two that you like? Because I know they're

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Speaker 2: gonna kill us if we don't ask. I like the

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Speaker 2: Fidelity blue Chip Growth so I believe that that is

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Speaker 2: write down the stick to stock TI for that. But

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Speaker 2: that's Fidelity blue chip Growth. And then I also like

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Speaker 2: B and Y melon small big cap, so that's d

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Speaker 2: B max so d B m A x dB max. Okay,

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Speaker 2: so those are the two that I have.

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Speaker 4: The Fidelity I'm definitely familiar with the Fidelity mid cap

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Speaker 4: growth one. That's that's a that's a very good one.

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Speaker 4: That was a whole that I and that the information

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Speaker 4: is not just for a four to one k's like,

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Speaker 4: that's just broad range investment information. She just talked about

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Speaker 4: make cap, large, cat, small, cab, pe ratio benchmarks, a

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Speaker 4: lot of stuff that I don't think we even spoke

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Speaker 4: about before. So yeah, man, that was that was great.

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Speaker 4: I just I just want people to fully appreciate the

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Speaker 4: level of education because that was a lot a lot

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Speaker 4: of gyms. Sometimes that you give people so many gyms,

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Speaker 4: it's just like they don't fully understand what's what's being

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Speaker 4: given to them. Now was like a full blueprint of

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Speaker 4: actually how to break down fun.

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Speaker 3: Yeah, it's the crazy part is like to me, when

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Speaker 3: I was listening to it, I'm like, Yo, this is crazy.

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Speaker 3: This sounds pretty similar to how we will research our ETFs.

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Speaker 4: Well, once you, like I said, learn about process, right,

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00:20:15,240 --> 00:20:17,560
Speaker 4: once you learn one, it's like learning the language. Like

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00:20:17,560 --> 00:20:20,280
Speaker 4: once you learn one thing, whether it's a mutual fund,

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Speaker 4: whether it's an ETF, whether it's an individual stock, it's

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00:20:23,200 --> 00:20:25,560
Speaker 4: all it's all synonymous with each other. And that this

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Speaker 4: is what helps you. Like once you start to learn

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Speaker 4: about the investment language, they're all very similar. So you

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Speaker 4: can use the same the same thing in individual stocks

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Speaker 4: with your brokerage, investing for your kid, doing an IRA

385
00:20:38,200 --> 00:20:40,199
Speaker 4: for one K. It's all very similar.

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Speaker 3: But you know what the beautiful part is, and I

387
00:20:42,280 --> 00:20:44,400
Speaker 3: give you a whole lot of credit. It's like, think

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00:20:44,440 --> 00:20:47,040
Speaker 3: about all of what she just told you, Like that's

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Speaker 3: the homework.

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Speaker 2: You know what I'm saying.

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Speaker 3: People like, Yo, what y'all y'all saying, like, do your

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Speaker 3: homeworker what she just gave you a whole lesson of

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Speaker 3: how to do the homework when it comes to investing

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Speaker 3: in mutual funds. And shout everybody. I see people putting

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Speaker 3: up that we and to death about expense ratios in

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Speaker 3: the book club. But Yo, you just laid it out.

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Speaker 6: We got we got keys, we gotta get you the

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Speaker 6: teacher class, key Lay Professor, Professor Key got you gotta get,

399
00:21:14,200 --> 00:21:14,880
Speaker 6: you gotta get your.

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Speaker 3: Teacher class and I would love to join.

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Speaker 2: I do want to add that the one I just

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Speaker 2: wanted to my Fidelity account. That's why I keep Traditional

403
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Speaker 2: I r A and we were talking about four one ks.

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Speaker 2: But like I said, this information transferable and that's f

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Speaker 2: b g r X. That's the stock tickers. So that's

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Speaker 2: f b g r X and that's Fidelity Blue Chip.

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Speaker 4: Give it. It's a whole lot of game. My graduates

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00:21:41,640 --> 00:21:46,960
Speaker 4: from my school being forced back drop b drop, Mike

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Speaker 4: drop back drop drop.

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Speaker 1: And then legal alien from Guatemala charged with raping a

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

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

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

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

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

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

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

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

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

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Speaker 1: nearly one thousand dollars a day. Imprisoned and deported, you

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

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Speaker 1: home app and leave now, you could be allowed to

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Speaker 1: America's laws, border and families will be protected.

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