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Speaker 2: All Right, guys, Welcome back, l Yeah Exciting another exciting

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Speaker 2: episode another one. Yeah, yeah, for sure, we're gonna jump

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Speaker 2: right into We covered investing a few times, stock market

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Speaker 2: investing and shout out to Trapper, shout Trap, shout out to.

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Speaker 3: Quinn, shout quin got Yeah.

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Speaker 2: So this is gonna be the third installment of Investing.

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Speaker 2: Now we're gonna talk about some things that we didn't

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Speaker 2: talk about the other two times. Futures market day, trading,

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Speaker 2: some other stuff, because it's important for people to get

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Speaker 2: a full range of investing.

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Speaker 3: There's a lot of stuff being given out that's misinformation,

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Speaker 3: people being mislest. So we have some things today.

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Speaker 2: Yeah, so you got our guy, I donelap first and foremost, thank.

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Speaker 4: You, Thank you. I appreciate you guys for having me.

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Speaker 2: Yeah, and it's an investment expert. As you can see, looks.

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Speaker 4: The part trying to make my mom proud.

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Speaker 2: He's an investment expert. He's been featured on Huffington Post,

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Speaker 2: Rolling Out magazine, He's spoken on the same spage with

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Speaker 2: Eric Thomas.

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Speaker 3: Yeah.

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Speaker 2: Yeah, and he has a whole platform called red pandam Way.

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Speaker 2: He teaches people how to invest and he has personal

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Speaker 2: clients as well. So it's gonna be an interesting conversation.

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Speaker 2: As I said, we're gonna talk about some things that

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Speaker 2: we haven't spoke about yet, and it's important for people

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Speaker 2: to know. So yes, the first thing I want to

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Speaker 2: talk about is day trading. But before we get into

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Speaker 2: day trading, how did you get into investment space? Like,

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Speaker 2: how did you get into the space as far as

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Speaker 2: investing yourself first and foremost and then taking that and

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Speaker 2: then teaching other people to invest.

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Speaker 5: Yeah, I first heard about it from my seventh grade teacher,

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Speaker 5: mister Smolling. He was an older, white gentleman. I didn't

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Speaker 5: listen to him. I wish I would have, because at

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Speaker 5: the beginning of the class in math class, he would

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Speaker 5: go through the newspaper and take us through through the

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Speaker 5: highs and the lulls, and I was like, I don't

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Speaker 5: care about that.

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Speaker 4: I was too busy listening to mob.

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Speaker 5: Deep we can relate the fact, mister Smolan if you're

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Speaker 5: still living, Sorry I didn't listen.

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Speaker 4: But fast forward to two thousand and seven in the recession.

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Speaker 5: One of my buddies art he's from Birmingham. One of

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Speaker 5: my friends like, we need to talk to this guy

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Speaker 5: that I went to school with because he just made

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Speaker 5: a killing in the market, and I'm like, and he's black,

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Speaker 5: and he was like yeah. So I talked to Art

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Speaker 5: and Art was like, man, I don't know what you're doing,

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Speaker 5: but I need you to put every dollar you have

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Speaker 5: into the market.

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Speaker 2: Told you that, yeah, okay.

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Speaker 4: And Kramer was on TV screaming.

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Speaker 5: I remember in the Midwest a lot of my family

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Speaker 5: members like being out of work because of recession hurt everybody.

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Speaker 4: I didn't listen. I was like, I ain't gonna listen

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Speaker 4: to this dude, what the hell are you talking about?

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Speaker 5: But meanwhile, he's working at one of the biggest investment

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Speaker 5: companies in the country.

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Speaker 4: Put every dollar he had into it.

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Speaker 5: He caught City at a dollar and three months later

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Speaker 5: he was up five hundred percent from that. So once

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Speaker 5: I saw him do it, with him being black and

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Speaker 5: acting black, being proud of who he is, I was like,

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Speaker 5: I need to listen to this guy. So he took

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Speaker 5: me under his wing and he threw me in the

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Speaker 5: deep end of the pool. He was like, if you're serious,

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Speaker 5: you're going to do everything I tell you because I.

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Speaker 4: Already know what to do. What's the age difference between

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Speaker 4: you and him? Twelve years?

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Speaker 3: Twelve years? Okay? So like he's the OG.

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Speaker 5: Now, yeah, he's og, all right, I love you, Manure.

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Speaker 4: So I think it's really important.

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Speaker 5: For us to share our stories, especially being black, because

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Speaker 5: we underinvest we under saved, we're undercapitalized.

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Speaker 4: But yeah, he gave me my start and investment and

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Speaker 4: introduced me to it.

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Speaker 2: Then you just took it and just ran with it.

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Speaker 4: You had to.

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Speaker 3: Was there anybody in the family, like maybe mom or

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Speaker 3: dad had a background of business.

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Speaker 5: My dad, My dad was the one who inspired me

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Speaker 5: to be an entrepreneur. So my dad had a construction

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Speaker 5: company since twenty two So all of my work ethic

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Speaker 5: I get from him. How strong and like directing to

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Speaker 5: the point I am because like, business is tough. And

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Speaker 5: then he was on business in the eighties and nineties

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Speaker 5: there was no internet and they did well in their industry.

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Speaker 4: With yellow page ads, follow up direct mail, so it

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Speaker 4: was harder.

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Speaker 5: So when he sees it now, he was like, you

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Speaker 5: can text people and get businesses. Better, get your ass

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Speaker 5: up at five o'clock and just text two to three

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Speaker 5: hundred people. I had to get out and buy TV

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Speaker 5: ads for twenty five grand and didn't know where were

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Speaker 5: gonna be placed.

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Speaker 3: Yeah, for a younger most yellow pages. It was a

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Speaker 3: yellow book that year.

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Speaker 2: Google Google from Indiana originally, right, yeah, each Chicago, Indiana,

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Speaker 2: each Chicago, So that's like right outside of Gary, Indie,

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Speaker 2: five minutes away.

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Speaker 4: So I didn't grow up in like.

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Speaker 5: Some amazing financial ecosystem, and we were poor for a

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Speaker 5: long time. Like the reason why I don't even like

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Speaker 5: the Bulls to this day. Like we got w G

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Speaker 5: and programming with Chicago Programming, but when the Bulls were

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Speaker 5: one of the titles, like our lights were off in

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Speaker 5: the winter. So like most of my family is still

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Speaker 5: to this day like lower income and poor. So like

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Speaker 5: a lot of me giving back is because like I

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Speaker 5: want to reach them and show like what's possible if

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Speaker 5: you apply. Because everybody, I think in every hood knows

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Speaker 5: what to do. They're not giving a direct path to

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Speaker 5: be able to use that talent or work ethic to

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Speaker 5: be able to make money because we all know people

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Speaker 5: in the hood that are like stars and have potential

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Speaker 5: but just went down the wrong path.

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Speaker 2: So yeah, information, So if futures futures market, right, yep,

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Speaker 2: because we hear about this a lot, like CNBC. If

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Speaker 2: you ever watched CNBC, they talk about the futures market, yep,

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Speaker 2: And they talked about futures. So not the rapper the

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Speaker 2: future that is good. What what is what is it?

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Speaker 2: What is futures?

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Speaker 3: What are they?

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Speaker 5: Yeah, futures is the highest paying asset class that no

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Speaker 5: one knows about.

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Speaker 3: What are the asset classes?

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Speaker 5: So you have you have stocks that you can invest in,

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Speaker 5: you have ETFs, you have mutual funds, but futures pays

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Speaker 5: the most out of all of them. So for every

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Speaker 5: one dollar that you can invest in, let's say and

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Speaker 5: get in the stock the e S which is S

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Speaker 5: and P five hundred pays one hundred and twenty five

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Speaker 5: times more, and bonds paid three hundred and twelve times more.

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Speaker 5: So if you go to sing sing be seen in

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Speaker 5: the morning, like you said, that sets the tone for

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Speaker 5: what the market is going to do because it's open

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Speaker 5: twenty three hours to day.

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Speaker 2: So what so what exactly is it?

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Speaker 3: Like?

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Speaker 2: What's the futures?

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Speaker 4: Futures basically is is.

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Speaker 5: Uh, you're making a guest or a bet whether the

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Speaker 5: market is going to go up or down.

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Speaker 4: But what certain asset class is.

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Speaker 5: Like you know, the market is going to go up,

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Speaker 5: generally gold is going to go down until something bad

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Speaker 5: happens like they Iran attack.

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Speaker 4: We know CREUD is going to be volatile.

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Speaker 5: So it's what institutional investors use to gauge for what

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Speaker 5: the market is going to do. And so like for example,

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Speaker 5: I'll say, okay, who do you think do you think

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Speaker 5: Lebron is going to average ten points this year or more?

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Speaker 4: Definitely more? Do you just place the.

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Speaker 5: Bet on Lebron averaging more than ten? That's all the

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Speaker 5: futures market is.

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Speaker 2: So the futures market is like after hour trading, yes,

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Speaker 2: and it's pretty much like it's so it's like calls

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Speaker 2: and puts on the options.

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Speaker 4: But it's worldwide. And then it's twenty three hours a day.

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Speaker 5: So at the open, the American open at eight thirty,

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Speaker 5: that's when you have the most volume on it. But

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Speaker 5: most of us, especially that they're black, don't know about

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Speaker 5: it because we were the asset class that were traded.

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Speaker 4: Why twenty three not twenty four hours a day because

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Speaker 4: it has an hour arrest.

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Speaker 5: And then the way the cycle goes from America to

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Speaker 5: Asian market in London market, it's like a little break

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Speaker 5: in between you.

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Speaker 3: I got like that, like if you have like a

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Speaker 3: file to like these channels from Asia. Yeah, they show

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Speaker 3: the future market.

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Speaker 2: So I'm gonna actually what you just said, I'm gonna

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Speaker 2: elaborate on that. But before so all right, just understand.

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Speaker 2: So stocks and I'm buying a stock, regular stock, and

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Speaker 2: I'm just buying it at that price. If it goes up,

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Speaker 2: I make money. If it goes down and lose money.

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Speaker 2: Futures is, for lack of a better word, it's like

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Speaker 2: kind of a guess where you're kind of predict predicting

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Speaker 2: it's going to go up, like it's ten dollars now,

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Speaker 2: but you think it's gonna go up to fifteen. Yes,

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Speaker 2: So it's a future. That's why it's called futures because it's.

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Speaker 4: Like you're guests.

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Speaker 2: In the future. Yeah, and you can you can guess

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Speaker 2: the future if it goes up, or you can guess

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Speaker 2: the future if it goes down. Is that correct?

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Speaker 4: Absolutely?

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Speaker 5: And then you can make money whether the asset goes

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Speaker 5: up or down. Now what are we basing that off?

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Speaker 5: Is there information that's tied to the price of the

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Speaker 5: S and P five hundred and the bonds market? So

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Speaker 5: long term, I tell people to invest in index funds,

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Speaker 5: so s P, Y D I A, and then I'm

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Speaker 5: like trade the future because if you buy it long term,

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Speaker 5: you can look at.

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Speaker 4: Your account and see where it's going.

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Speaker 5: Most days of S and P five hundred is going

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Speaker 5: to go up unless Trump do something crazy, which is

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Speaker 5: all the time. But that volatility even provides some movements,

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Speaker 5: So if the market falls down five hundred points, you

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Speaker 5: can profit when the market goes down.

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Speaker 4: You can't do that with stops.

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Speaker 2: And the S and P five hundred For anybody that

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Speaker 2: doesn't know, it stands for standing and poors five hundred. Yes,

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Speaker 2: five hundred companies like a microcosm of different stocks. So

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Speaker 2: a lot of time you had a market is up

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Speaker 2: and a market is down, and not talking about every

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Speaker 2: single stock in the stock market. They're using dal Jones,

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Speaker 2: SI and five hundred rest of two thousand. The S

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Speaker 2: and P five hundred is like five hundred stocks from

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Speaker 2: different sectors, and if all of those are moving in

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Speaker 2: one direction or another, then pretty much the market is moving.

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Speaker 3: Yeah.

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Speaker 4: I think of the SMP is like the NBA.

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Speaker 5: It's like the five hundred best players in one basket,

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Speaker 5: and then the Dow thirty is like the best thirty.

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Speaker 5: So when I people tell people to invest in the

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Speaker 5: index fund, I'm like, imagine We was at the park

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Speaker 5: and you have to pick five people, and I'm like, okay,

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Speaker 5: you can get Giannis Lebron, Curry when he's not hurt,

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Speaker 5: Harden and Westbrook and we play against five other teams,

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Speaker 5: five other players that are just regular players.

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Speaker 4: Who do you think goes win All Star Team?

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Speaker 2: So you said that black people was traded? Yeah, can

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Speaker 2: you talk about that?

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Speaker 5: The financial market is, unfortunately, was based off slavery, So

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Speaker 5: we were the first comodity actually traded. So most insurance

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Speaker 5: companies got their start from slavery and insurance slaves and then

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Speaker 5: futures contracts. They would make a guess about how many

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Speaker 5: slaves would actually make it across land. And so that's

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Speaker 5: why most of us don't know about it, because we

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Speaker 5: were the things that were traded.

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Speaker 4: We're not supposed to know.

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Speaker 3: You said, futures contract, what is that?

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Speaker 5: And so let's say hypothetically you had a thousand slaves.

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Speaker 5: The companies would guess that maybe five hundred and sixty

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Speaker 5: to seven hundred of them would end up dying, and

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Speaker 5: they would have a contract on it that if they died,

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Speaker 5: they would still make money off of it via insurance.

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Speaker 2: It's funny, it's crazy that you say that, because it's like,

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Speaker 2: yesterday I went to Schaumberg. You ever heard Schamburg. So

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Speaker 2: the Schomberg libraries in Harlem, and it's world famous and

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Speaker 2: it's like African American museum type, but it's not a museum.

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Speaker 2: It's a library, exhibition stuff like that. So long story short,

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Speaker 2: just yesterday I went there randomly and I was in there.

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Speaker 2: I was in there and I was looking at different things.

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Speaker 2: So I looked on the wall, so I saw the

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Speaker 2: contracts for the company that predated New York Life. I

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Speaker 2: forgot the name of it, but it showed the contracts,

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Speaker 2: the life insurance contracts on slaves and so so I'm

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Speaker 2: gonna get to that. So then on in the book.

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Speaker 2: It's interesting because in the book it has like causes

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Speaker 2: of death, age that they died, So it was all

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Speaker 2: kinds of stuff like they like a lot of people

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Speaker 2: died from inflammation of the stomach, diarrhere, all kinds of stuff,

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Speaker 2: but it was so it's a book and it's like

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Speaker 2: a lot like that's how New York Life Insurance got started.

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Speaker 2: That was that was before that they changed the name

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Speaker 2: and it was based off of ensuring slave masters on

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Speaker 2: their slaves.

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Speaker 5: Yeah, and I hears it say it, but racism is

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Speaker 5: America's first startup, so the country is built off of us.

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Speaker 5: But of course when we died, like you just said,

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Speaker 5: they profited heavily, like and when you lose that many

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Speaker 5: quote unquote commodities, you have to have an insurance policy

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Speaker 5: in place to be able to cover it. So everything

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Speaker 5: is tied together, insurance. Wall Street, I mean Wall Street

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Speaker 5: was one of the biggest slave markets before it turned

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Speaker 5: into like the economic center that it is now.

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Speaker 4: Like slaves were traded on Wall Street.

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Speaker 3: Yeah. I actually took a summer group to the Black

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Speaker 3: burial ground in Manhattan. Yeah, and they give a detailed

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Speaker 3: expert that whole situation.

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Speaker 5: It's heartbreaking. Yeah, And once you dive into the information,

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Speaker 5: it's fascinating but heartbreaking.

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Speaker 4: Yeah yeah.

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Speaker 2: Yeah. And the ships too. It's like I saw it

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Speaker 2: on the ships where it's like they have people just

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Speaker 2: like lined up, so it's like a lot of people

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Speaker 2: not gonna make it because you it's like a month

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Speaker 2: to get from Africa to America. And if you in

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Speaker 2: a ship lined up with three hundred people right now

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Speaker 2: next to each other, like people going to bathroom on themselves.

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Speaker 2: It's like it's not really an efficient way to travel.

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Speaker 2: So half of the slaves even more die just from that,

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Speaker 2: like I mean, just like you can't so like you said,

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Speaker 2: so that all comes into like the insurance. But it's

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Speaker 2: interesting as far as like the commodities because it's like okay,

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Speaker 2: like how many's actually gonna make it? Yeah, we could

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Speaker 2: put bets on that, calls and puts on it. And

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Speaker 2: if you can make money either way, people make it.

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Speaker 3: Yeah.

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Speaker 5: And also and during times of travesy like when crews

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Speaker 5: shot down, you can make money as the market is falling.

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Speaker 5: So unfortunately, whether we made it across the seas or not,

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Speaker 5: they had a plan to be able to make money.

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Speaker 5: And that's one thing I have to tell people when

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Speaker 5: it comes to investing, like whether the market is good

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Speaker 5: or bad, you have to be able to make money.

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Speaker 5: We all have kids. Kids are not cheap by any means,

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Speaker 5: and we have to invest more so we can have

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Speaker 5: a future for them. But even when the market falls apart,

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Speaker 5: like luckily with futures. Some of my biggest days, like

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Speaker 5: August twenty four to twenty fifteen, the market dropped five

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Speaker 5: hundred points. I had one of my best days, I

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Speaker 5: had one hundred percent gainer that day Brexit, Like I

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Speaker 5: made a ton of money on Brexit when that economy

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Speaker 5: was falling apart, I was able to take advantage of

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Speaker 5: it and then ride the ES down which is S

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Speaker 5: and P five hundred, and then ride it back up.

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Speaker 5: So regardless, in stocks, you can only ride them one way,

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Speaker 5: but futures you can play both ways.

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Speaker 3: So what are some markets that you can actually buy

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Speaker 3: futures on.

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Speaker 4: You can do it through TD amer Trade.

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Speaker 5: I use Ninja Trader as well out of Chicago because

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Speaker 5: it's five hundred per contracts at Ninja Trader.

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Speaker 4: If you did it through Thinker Swim five hundred dollars, yes.

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Speaker 5: Five hundred per but if you bought one future contract

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Speaker 5: on TD Americ Trader, it would be sixty two fifty

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Speaker 5: because most African Americans don't have six grand laying around

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Speaker 5: to invest one contract, so they're a discount broker and

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Speaker 5: that's how you can end up buying more contracts and

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Speaker 5: the end up making more money.

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Speaker 2: So all right, so day trading YEP, day trade.

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Speaker 5: Or as I call it, short term investing, but short

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Speaker 5: term investing because it's a lot of traders out there

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Speaker 5: and most of them don't make money.

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Speaker 2: Okay, hey, sorry, So how do you make money day trading?

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Speaker 2: Because you said so day trading for anybody is not familiar.

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Speaker 2: Is that you're trading in today. That's why it's called

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Speaker 2: day trade.

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Speaker 6: Ye.

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Speaker 2: So you could day trade anything, crypto, which I hate,

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Speaker 2: hate crypto hate.

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Speaker 3: You can do. We've learned to hate it too.

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Speaker 2: You could day trade four x, which I hate. We'll

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Speaker 2: talk about we'll talk about that. You could date trade stocks,

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Speaker 2: but you said that stocks is not the best way

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Speaker 2: to day trade or intry day trade, or however you

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Speaker 2: want to prase it.

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Speaker 5: Well, stocks weren't originally meant to be day traded. They

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Speaker 5: were meant to be held for long term period so

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Speaker 5: like thirty forty fifty period. And you notice as an advisor,

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Speaker 5: like if you if you had Apple and you traded

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Speaker 5: Apple for one day ten years ago, you may have

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Speaker 5: made a thousand, two hundred, one thousand, two thousand and

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Speaker 5: three thousand dollars. If you would have put two thousand

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Speaker 5: dollars into Apple ten years ago, you would probably have

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Speaker 5: more than one hundred and fifty grand right now. So

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Speaker 5: for a long term wealth building, it's absolutely amazing. But futures,

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Speaker 5: you have a thirty day window to trade them and

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Speaker 5: then the contracts cycle over. So and I tell all

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Speaker 5: of my students, I'm like, go for shorter targets so

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Speaker 5: you can get in out profit. But the hardest part

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Speaker 5: for most people is they don't have discipline to walk away.

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Speaker 5: They'll want to overtrade and black. Well, I've been broke

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Speaker 5: the majority of my life, so let me try and

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Speaker 5: get ten trades in the day. But you can't make

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Speaker 5: up for the time in which you were not previously.

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Speaker 2: What's the what's some tips on day like how do

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Speaker 2: you day trade?

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Speaker 5: First you have to open up a brokerage account, so

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Speaker 5: that would be through for features like Ninja trader. And

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Speaker 5: then the most important thing, you have to know where

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Speaker 5: the direction is going. It's a simple way to know.

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Speaker 5: If the market is green, it means the market is

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Speaker 5: going up. If it's red, it means it's going down.

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Speaker 5: We've all opened up Yahoo finance another bad day.

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Speaker 4: So it's read.

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Speaker 5: But most traders they are buying when it's red, and

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Speaker 5: that's a good investment strategy. But in today, you end

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Speaker 5: up losing a lot of money. So if the market

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Speaker 5: is going up, ride the market up or buy, and

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Speaker 5: then if it's red, you want to sell.

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Speaker 4: But you have to have a predetermined target.

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Speaker 5: So like if you have fifty shares of let's say bonds,

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Speaker 5: unless say you get two pennies worth the movement, you

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Speaker 5: can make twelve to fifty and less than fourteen to

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Speaker 5: fifteen minutes.

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Speaker 4: But then after that.

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Speaker 5: You have to stop because you only allowed a certain

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Speaker 5: amount of trades per day because you don't want to gamble.

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Speaker 5: That's what a gambling part comes in. That's associated with trading.

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Speaker 5: It's like, well, you don't know whether it's going to

404
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Speaker 5: go up or go down. I'm like, you know what the.

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Speaker 4: S and P is gonna do?

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Speaker 3: What's the number of trades you can make it down?

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Speaker 5: You can do unlimited, but I advise people only do

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Speaker 5: one or two. Okay, one or two, because anytime you

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Speaker 5: do more than that, you are, like I said, subconsciously

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Speaker 5: trying to make up for the lack of money that

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Speaker 5: you have in your life. Because we know most people

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Speaker 5: that have money don't take huge risk, and I like

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Speaker 5: to keep my risk caped to like two percent. But

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Speaker 5: every time you get back in the market, you are

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Speaker 5: assuming more risk on a particular trade, and you don't

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Speaker 5: want to do that.

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Speaker 3: Yeah, can we just go back there for a second

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Speaker 3: for the contract. I know you said there's an expiration

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Speaker 3: of thirty days. Is that the standard? Are there other

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Speaker 3: ones that are sixty or ninety days?

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Speaker 5: No, that that's the standard for futures. So every every

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Speaker 5: thirty days they'll end up rolling over. So that's a

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Speaker 5: maxi window that you can have.

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Speaker 4: To trade them.

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Speaker 3: And you could lose or gain money during that process.

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Speaker 5: Absolutely, yeah, but you can have a stop loss in

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Speaker 5: place that mitigates your risk, and then you can have

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Speaker 5: a predetermined target.

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Speaker 4: A lot of people they'll just hit by and hope

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Speaker 4: that it goes up. And I'm like, hope.

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Speaker 5: It was a great strategy for Obama, But financially that's

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Speaker 5: something we can't do.

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Speaker 2: So what's the S ANDP right at? Right now, it's.

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Speaker 5: Back in its close to the three thousands thirty five

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Speaker 5: hundred range.

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Speaker 2: And then so all right, so thirty five hundred, let's

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Speaker 2: just say thirty und could be on know when this

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Speaker 2: will come out, So let's say thirty five hundred smps

439
00:18:34,080 --> 00:18:37,560
Speaker 2: right now? Right? So I get up yep, I buy

440
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Speaker 2: a future on it, YEP, and I have a target

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Speaker 2: of thirty five oh one of thirty five oh one. Yes,

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Speaker 2: I have a stop loss of.

443
00:18:48,000 --> 00:18:50,440
Speaker 5: Let's say you can put it at twenty nine ninety

444
00:18:50,480 --> 00:18:51,359
Speaker 5: eight for easy numbers.

445
00:18:51,359 --> 00:18:55,040
Speaker 2: All right, so the stop losses once. If it goes

446
00:18:55,080 --> 00:18:56,600
Speaker 2: I stop my losses. That's why it's goned to stop

447
00:18:56,800 --> 00:18:59,119
Speaker 2: stop your losses. So you don't just it's not like

448
00:18:59,160 --> 00:19:01,680
Speaker 2: a nose dive market just starts to tank. It's like, okay,

449
00:19:01,840 --> 00:19:02,600
Speaker 2: oh yes.

450
00:19:02,359 --> 00:19:03,960
Speaker 4: Because then you can lose all of your money in.

451
00:19:03,960 --> 00:19:04,800
Speaker 2: You're sold at that point.

452
00:19:04,800 --> 00:19:06,080
Speaker 3: That can go down to one thousand yep.

453
00:19:06,359 --> 00:19:08,520
Speaker 2: But when it gets to the point where you're actually

454
00:19:08,720 --> 00:19:10,440
Speaker 2: say comfortable buying selling it at.

455
00:19:10,359 --> 00:19:12,680
Speaker 4: Then it's sold absolutely automatically.

456
00:19:13,320 --> 00:19:19,399
Speaker 2: Okay. So but now it's like if it goes past that,

457
00:19:20,240 --> 00:19:21,560
Speaker 2: what if it just keeps going, I.

458
00:19:21,600 --> 00:19:23,960
Speaker 4: Can't have fomo. You have to be think of it

459
00:19:23,960 --> 00:19:24,640
Speaker 4: as a business.

460
00:19:24,880 --> 00:19:29,320
Speaker 5: McDonald's doesn't sell number one for ten dollars to one person,

461
00:19:29,359 --> 00:19:30,520
Speaker 5: then twenty five to another.

462
00:19:31,359 --> 00:19:32,400
Speaker 4: All the prices are the same.

463
00:19:32,440 --> 00:19:34,040
Speaker 5: So you want to run it like a business where

464
00:19:34,040 --> 00:19:36,840
Speaker 5: I'm like, okay, when I approach the market, anytime that

465
00:19:36,920 --> 00:19:39,640
Speaker 5: I hit over a certain number, I'm happy a because

466
00:19:39,680 --> 00:19:42,119
Speaker 5: I remember when I was broke and had no money,

467
00:19:42,240 --> 00:19:44,439
Speaker 5: and then b it's not in my business plan to

468
00:19:44,680 --> 00:19:46,600
Speaker 5: take more than a certain amount of trades. Today, a

469
00:19:46,600 --> 00:19:48,679
Speaker 5: lot of people will get in, they'll start and black like, oh,

470
00:19:48,760 --> 00:19:50,320
Speaker 5: I want to take fourteen fifteen trades.

471
00:19:50,800 --> 00:19:52,120
Speaker 4: I'm like, that's not in your plan.

472
00:19:53,000 --> 00:19:54,840
Speaker 5: So we have to, especially our people, we have to

473
00:19:54,880 --> 00:19:57,520
Speaker 5: exercise a lot of discipline. And the financial market is

474
00:19:57,520 --> 00:20:00,080
Speaker 5: because we're so far behind, and people try and get

475
00:20:00,119 --> 00:20:03,040
Speaker 5: U portraying and it's like, you should have been investing

476
00:20:03,080 --> 00:20:05,800
Speaker 5: ten years ago. I mean, even me knowing what I

477
00:20:05,840 --> 00:20:09,120
Speaker 5: know now, me not putting every dollar into the market.

478
00:20:09,160 --> 00:20:12,359
Speaker 5: When Art told me to cost me twelve million dollars. Wow,

479
00:20:12,760 --> 00:20:15,760
Speaker 5: So it's like, wow, that's why I tell him. I'm like, damn,

480
00:20:15,760 --> 00:20:16,560
Speaker 5: I should have listened to you.

481
00:20:16,560 --> 00:20:16,920
Speaker 4: I'm sorry.

482
00:20:17,000 --> 00:20:18,960
Speaker 5: He was like, but you're further ahead than you were

483
00:20:19,080 --> 00:20:21,080
Speaker 5: and could have been. But I'm like, yeah, but I

484
00:20:21,119 --> 00:20:23,040
Speaker 5: want to twelve. But he was like, but you have

485
00:20:23,119 --> 00:20:24,720
Speaker 5: to go all in when you get the information. And

486
00:20:24,760 --> 00:20:26,960
Speaker 5: we all sit and wish we would have invested. Were

487
00:20:26,960 --> 00:20:29,680
Speaker 5: talking about it before we started recording. Could have bought

488
00:20:29,760 --> 00:20:33,640
Speaker 5: City Bank of America. Apple was super cheap, MasterCard was cheap.

489
00:20:34,119 --> 00:20:35,240
Speaker 4: We sat on the sidelines.

490
00:20:35,280 --> 00:20:37,440
Speaker 5: And then but you know, some j's came out when

491
00:20:37,400 --> 00:20:39,440
Speaker 5: we got to Jay's and we partied, don't win on vacation.

492
00:20:39,800 --> 00:20:41,879
Speaker 4: We have to put our money here first.

493
00:20:41,960 --> 00:20:43,439
Speaker 2: And you said, it's only like two hours a day

494
00:20:43,440 --> 00:20:44,920
Speaker 2: where you should actually be our.

495
00:20:45,040 --> 00:20:46,880
Speaker 4: Yeah, two hours maximum the opening.

496
00:20:46,600 --> 00:20:49,879
Speaker 2: The clothes, where you should even uh, you don't like

497
00:20:49,880 --> 00:20:51,480
Speaker 2: to hear what is it? What do you call it?

498
00:20:51,520 --> 00:20:51,920
Speaker 4: Short term?

499
00:20:52,359 --> 00:20:53,879
Speaker 2: All right, so only two hours a day where you

500
00:20:53,880 --> 00:20:56,800
Speaker 2: should do short term investing. Yes, opening, which is eight

501
00:20:56,880 --> 00:21:00,920
Speaker 2: thirty in the morning, Yeah, thirty nine, Yeah, closing which

502
00:21:01,000 --> 00:21:03,679
Speaker 2: is thirty yeah, three.

503
00:21:03,560 --> 00:21:05,359
Speaker 5: Thirty, four thirty, and then you should be done. Just

504
00:21:05,400 --> 00:21:07,200
Speaker 5: wrap it up. And that's Eastern time. And wrap it

505
00:21:07,280 --> 00:21:09,320
Speaker 5: up because in the middle, that's where a lot of

506
00:21:09,320 --> 00:21:11,840
Speaker 5: the amateurs play. There's not as much liquidity. So think

507
00:21:11,880 --> 00:21:13,880
Speaker 5: of it as if you own the store, all your

508
00:21:13,960 --> 00:21:16,280
Speaker 5: highest volume, let's say, if you're on a restaurant, will

509
00:21:16,320 --> 00:21:19,560
Speaker 5: be breakfast and dinner time. In the middle, there's not

510
00:21:19,600 --> 00:21:22,000
Speaker 5: as many people buying, Like you literally can see volume

511
00:21:22,080 --> 00:21:24,199
Speaker 5: get cut in half. And I'm like, don't trade in

512
00:21:24,200 --> 00:21:26,800
Speaker 5: the middle because there's not enough people. Because all the

513
00:21:26,800 --> 00:21:28,560
Speaker 5: market is is a bunch of people agreeing to buy

514
00:21:28,560 --> 00:21:32,160
Speaker 5: and tell at a particular price. Everybody goes away at lunch,

515
00:21:32,720 --> 00:21:34,439
Speaker 5: so come back at the close and then just be

516
00:21:34,480 --> 00:21:35,760
Speaker 5: disciplined to stick to your hours.

517
00:21:35,800 --> 00:21:37,399
Speaker 3: You say that one of your rules that never to

518
00:21:37,400 --> 00:21:39,680
Speaker 3: give up more than one point six percent on any trade.

519
00:21:39,720 --> 00:21:40,359
Speaker 3: Can you explain that?

520
00:21:41,040 --> 00:21:43,120
Speaker 5: So you have to have like a predetermined like risk

521
00:21:43,119 --> 00:21:46,239
Speaker 5: of reward ratio, and so like let's say if we

522
00:21:46,240 --> 00:21:49,520
Speaker 5: were playing ball outside and if we hit two three pointers,

523
00:21:49,520 --> 00:21:51,160
Speaker 5: we got fifty thousand dollars.

524
00:21:51,760 --> 00:21:52,080
Speaker 4: Great.

525
00:21:53,480 --> 00:21:56,120
Speaker 5: I think anybody in this room, no matter how often

526
00:21:56,160 --> 00:21:59,480
Speaker 5: we play, we can hit two shots, right. But most

527
00:21:59,480 --> 00:22:02,479
Speaker 5: people when they trade, they're risking fifty percent of their capital.

528
00:22:02,920 --> 00:22:05,240
Speaker 5: So if you miss them first two shots, you lose

529
00:22:05,280 --> 00:22:07,560
Speaker 5: all your money. So if you cap it at one

530
00:22:07,560 --> 00:22:10,560
Speaker 5: point six percent or two percent maximum, if you lose two.

531
00:22:10,400 --> 00:22:11,760
Speaker 4: Trades, you're only down four percent.

532
00:22:12,240 --> 00:22:15,760
Speaker 7: Your wife or your lady won't kill you. You're not messing

533
00:22:15,800 --> 00:22:18,600
Speaker 7: up the kids college fun, and then your emotions aren't

534
00:22:18,600 --> 00:22:22,000
Speaker 7: messed up. Whereas if you're risking fifty percent man two trades,

535
00:22:22,160 --> 00:22:24,040
Speaker 7: your lady hate you. You messed up the bag for

536
00:22:24,080 --> 00:22:27,080
Speaker 7: the kid, and now you are beating yourself up because

537
00:22:27,119 --> 00:22:28,280
Speaker 7: we as Black people have.

538
00:22:28,280 --> 00:22:31,000
Speaker 4: So much trauma tied with money and not having it.

539
00:22:31,880 --> 00:22:34,560
Speaker 5: Any loss has hurt us more than other races I

540
00:22:34,640 --> 00:22:35,960
Speaker 5: found out personally.

541
00:22:36,000 --> 00:22:38,040
Speaker 2: So, yeah, you know, you don't get wiped out, take

542
00:22:38,080 --> 00:22:41,200
Speaker 2: it out the game. You don't. One bad day could

543
00:22:41,200 --> 00:22:43,719
Speaker 2: take you out the game. Yeah, and we're seeing it.

544
00:22:43,760 --> 00:22:46,320
Speaker 5: And of course during a recession, so like when people

545
00:22:46,359 --> 00:22:49,399
Speaker 5: will over leverage. A lot of the banks went under

546
00:22:49,720 --> 00:22:51,640
Speaker 5: because they had assumed too much risk.

547
00:22:51,680 --> 00:22:53,439
Speaker 2: But a lot of it is psychology too, because like

548
00:22:53,480 --> 00:22:56,040
Speaker 2: if you so, it's all synonymous with gambling. And I

549
00:22:56,080 --> 00:22:59,360
Speaker 2: always tell people that investing is a game of knowledge. Yes,

550
00:22:59,440 --> 00:23:04,280
Speaker 2: gambling is a game of chance, but especially short term trading,

551
00:23:04,880 --> 00:23:10,080
Speaker 2: highly expecutive investments, it very it's synonymous with gambling. And

552
00:23:10,080 --> 00:23:11,720
Speaker 2: you get the same feeling as a game. Like if

553
00:23:11,720 --> 00:23:14,439
Speaker 2: you gamble, you get a euphoria, You get a feeling.

554
00:23:14,440 --> 00:23:16,280
Speaker 2: You never look at it when you If you gamble

555
00:23:16,520 --> 00:23:18,320
Speaker 2: and you win ten thousand on the crab table, you

556
00:23:18,320 --> 00:23:20,680
Speaker 2: don't look at like you won ten thousand. You look

557
00:23:20,720 --> 00:23:23,400
Speaker 2: at it like you could potentially win one hundred thousand, yep.

558
00:23:23,840 --> 00:23:26,160
Speaker 2: And if you stop playing, you don't look you look

559
00:23:26,200 --> 00:23:29,199
Speaker 2: at it like you lost ninety it's the same thing.

560
00:23:29,320 --> 00:23:34,000
Speaker 2: It's the same thing with short term investing. So that's

561
00:23:34,040 --> 00:23:39,040
Speaker 2: the dangerous part for me is like people, you go

562
00:23:39,080 --> 00:23:42,440
Speaker 2: down because you start to make money very quickly, very fast.

563
00:23:42,480 --> 00:23:44,040
Speaker 2: So if you make five hundred dollars in an hour,

564
00:23:44,359 --> 00:23:46,720
Speaker 2: it's like a it's like a high. Yeah, you feel

565
00:23:46,720 --> 00:23:49,720
Speaker 2: like you feel invincible. Yeah, at that point, But then

566
00:23:49,760 --> 00:23:52,320
Speaker 2: you just have to stop because after you lose a

567
00:23:52,320 --> 00:23:54,399
Speaker 2: certain amount of money. And we've all been there, we

568
00:23:54,440 --> 00:23:57,440
Speaker 2: made money, gave it back, or spent it. But once

569
00:23:57,480 --> 00:23:59,080
Speaker 2: you have to have a higher purpose for what the

570
00:23:59,119 --> 00:24:01,960
Speaker 2: moneys for. For me being broke, like I need freedom

571
00:24:02,000 --> 00:24:05,399
Speaker 2: for myself and then also for my son because I

572
00:24:05,520 --> 00:24:07,600
Speaker 2: know what, when I have the conversation with my dad,

573
00:24:07,640 --> 00:24:09,160
Speaker 2: I'm like, if you had have put away ten grand

574
00:24:10,240 --> 00:24:11,840
Speaker 2: and thirty years, it would have been one point too.

575
00:24:11,880 --> 00:24:14,000
Speaker 5: My dad had them to cry. My dad's smart, been

576
00:24:14,000 --> 00:24:15,960
Speaker 5: in business for a long time. He was like, I

577
00:24:16,040 --> 00:24:18,159
Speaker 5: just didn't know, Like it's not that I wouldn't have

578
00:24:18,200 --> 00:24:20,280
Speaker 5: put the money away for you. I just had no clue.

579
00:24:20,320 --> 00:24:23,160
Speaker 5: And of course in the seventies and eighties, this information

580
00:24:23,280 --> 00:24:24,240
Speaker 5: wasn't flowing.

581
00:24:24,000 --> 00:24:26,639
Speaker 2: Around at all. No, it's all right, So in the

582
00:24:26,680 --> 00:24:28,800
Speaker 2: next seven we're gonna go into some more some more information.

583
00:24:28,920 --> 00:24:33,159
Speaker 2: But yeah, the day trading or short term trading, not.

584
00:24:33,320 --> 00:24:35,240
Speaker 4: A short term swing trading the same thing.

585
00:24:35,359 --> 00:24:37,439
Speaker 5: Yeah, So you can hold it for multiple days, so

586
00:24:37,680 --> 00:24:39,520
Speaker 5: for like a thirty day period, so you're holding it,

587
00:24:39,560 --> 00:24:42,160
Speaker 5: so then you have a higher probability because you can

588
00:24:42,200 --> 00:24:43,359
Speaker 5: hold it for multiple days.

589
00:24:43,359 --> 00:24:44,919
Speaker 4: But it costs more to do that.

590
00:24:44,960 --> 00:24:47,600
Speaker 5: So even that, so if you swing trade the S

591
00:24:47,640 --> 00:24:51,240
Speaker 5: and P five hundred, it costs almost seven thousand because

592
00:24:51,240 --> 00:24:54,159
Speaker 5: most of us are blocked out from being able to

593
00:24:54,200 --> 00:24:58,160
Speaker 5: do that, because the win ratio is higher with swing

594
00:24:58,200 --> 00:25:00,280
Speaker 5: trading because you're holding it over multiple days. You may

595
00:25:00,280 --> 00:25:02,600
Speaker 5: get a bad price on the S and P Monday,

596
00:25:02,640 --> 00:25:05,280
Speaker 5: but then by Thursday it's back up, so you're fine.

597
00:25:05,400 --> 00:25:09,359
Speaker 5: And yeah, and listen, Investing is risky, especially on a

598
00:25:09,359 --> 00:25:11,280
Speaker 5: short term sign if you are not disciplined. And I

599
00:25:11,320 --> 00:25:13,080
Speaker 5: always say, like, if you don't have ten grand, put

600
00:25:13,160 --> 00:25:15,040
Speaker 5: into the market a ten grand and save, you shouldn't

601
00:25:15,400 --> 00:25:17,520
Speaker 5: because most people want to treat it's like they are

602
00:25:17,520 --> 00:25:18,320
Speaker 5: gonna flip money.

603
00:25:18,320 --> 00:25:20,240
Speaker 4: I'm like, flipping doesn't work in the streets.

604
00:25:21,160 --> 00:25:23,119
Speaker 5: Like you either get jammed up, have to get a lawyer,

605
00:25:23,359 --> 00:25:24,800
Speaker 5: or you end up giving it all away, so we

606
00:25:24,880 --> 00:25:26,960
Speaker 5: have to. I want us to take that drug mentality

607
00:25:27,000 --> 00:25:29,040
Speaker 5: away and run a market, even though a lot the

608
00:25:29,080 --> 00:25:31,280
Speaker 5: Wall Street trapping name I love, I love the content,

609
00:25:32,520 --> 00:25:35,359
Speaker 5: No share with that because I love your material. I

610
00:25:35,480 --> 00:25:37,719
Speaker 5: want us to start to think bigger about what we

611
00:25:37,760 --> 00:25:40,360
Speaker 5: can achieve and long term pass.

612
00:25:40,080 --> 00:25:42,919
Speaker 4: On money and to be able to even help our friends.

613
00:25:43,440 --> 00:25:47,120
Speaker 2: So all right, okay, So in the next segment, we're

614
00:25:47,119 --> 00:25:50,160
Speaker 2: gonna talk about some more things. I was investing, okay,

615
00:25:50,480 --> 00:25:56,840
Speaker 2: So as far as trading right, whether you're trading commodities,

616
00:25:56,880 --> 00:26:00,400
Speaker 2: whether you're trading stocks, whether you're trading futures. Like you said,

617
00:26:00,440 --> 00:26:04,520
Speaker 2: it's practice makes it perfect, right, and you could becoming

618
00:26:04,600 --> 00:26:07,240
Speaker 2: good at anything if you have good habits and if

619
00:26:07,280 --> 00:26:09,320
Speaker 2: you apply yourself here, how can somebody become a good trade?

620
00:26:09,359 --> 00:26:09,439
Speaker 3: Like?

621
00:26:09,440 --> 00:26:12,200
Speaker 2: What is some tips to improve somebody's trading?

622
00:26:12,400 --> 00:26:15,160
Speaker 5: That's the best thing. When you sign up with any platform,

623
00:26:15,200 --> 00:26:17,919
Speaker 5: they let you practice for free. Most people want to

624
00:26:17,920 --> 00:26:21,240
Speaker 5: start making money right away, and a short term investment

625
00:26:21,240 --> 00:26:23,520
Speaker 5: is more like a sport. So I can't expect to

626
00:26:23,560 --> 00:26:25,119
Speaker 5: go to the league. If I'm putting up two jumpers

627
00:26:25,160 --> 00:26:27,560
Speaker 5: a day, I don't care how good the two jumpers

628
00:26:27,600 --> 00:26:30,280
Speaker 5: are under different conditions, I won't be able to perform well.

629
00:26:30,320 --> 00:26:32,480
Speaker 5: So I tell people like, start off practicing and take

630
00:26:32,480 --> 00:26:34,919
Speaker 5: one hundred trades, see how it goes for you, then

631
00:26:34,960 --> 00:26:36,440
Speaker 5: take it. That's before you put one dollars.

632
00:26:36,520 --> 00:26:37,040
Speaker 2: Simulate it.

633
00:26:37,680 --> 00:26:40,440
Speaker 5: Simulate it, because then you'll get comfortable and say, Okay,

634
00:26:40,680 --> 00:26:43,320
Speaker 5: either I do have the discipline to do this or

635
00:26:43,320 --> 00:26:47,600
Speaker 5: I don't. For me, coming from East Chicago, Indiana poor area,

636
00:26:47,760 --> 00:26:51,280
Speaker 5: when I got introduced to long term investment and short

637
00:26:51,560 --> 00:26:53,320
Speaker 5: it clicked to me right away, I'm like, wait, So

638
00:26:53,359 --> 00:26:56,480
Speaker 5: if I put it in one hundred shares here and

639
00:26:56,520 --> 00:26:58,440
Speaker 5: I get four pennies up in movement on the ES,

640
00:26:58,560 --> 00:27:01,679
Speaker 5: I can make twelve fifty. I'm like, I'm sold. I'm like,

641
00:27:02,000 --> 00:27:03,720
Speaker 5: but most people may not have a discipline because they

642
00:27:03,760 --> 00:27:05,320
Speaker 5: may not believe in themselves. And we see it with

643
00:27:05,440 --> 00:27:07,679
Speaker 5: business owners all the time who should have more growth.

644
00:27:08,480 --> 00:27:11,119
Speaker 5: They are the limitations or the governor and their own business.

645
00:27:11,119 --> 00:27:13,119
Speaker 5: But you can start with any broker's platform and then

646
00:27:13,200 --> 00:27:13,720
Speaker 5: just practice it.

647
00:27:13,800 --> 00:27:16,160
Speaker 3: So it's on the brokers platforms they have actual simulators.

648
00:27:16,160 --> 00:27:17,640
Speaker 3: Because that's a good thing to know, especially when we're

649
00:27:17,640 --> 00:27:19,239
Speaker 3: trying to teach kids to actually do.

650
00:27:20,359 --> 00:27:22,679
Speaker 5: And for kids, they have a game called Chartcut, So

651
00:27:22,720 --> 00:27:24,480
Speaker 5: it's a game that you can download the app store

652
00:27:25,040 --> 00:27:27,040
Speaker 5: and you literally can if you think the market is

653
00:27:27,040 --> 00:27:27,280
Speaker 5: going to.

654
00:27:27,280 --> 00:27:29,280
Speaker 4: Go up, hit by, if you think it's going to drop,

655
00:27:29,320 --> 00:27:29,960
Speaker 4: hit sell, and you.

656
00:27:29,880 --> 00:27:33,000
Speaker 2: Can practice there simulated trading. I'm glad you said that,

657
00:27:33,080 --> 00:27:39,639
Speaker 2: especially for children is extremely extremely valuable because spot especially trading,

658
00:27:39,720 --> 00:27:42,800
Speaker 2: it's a competitive sport. It is so like a lot

659
00:27:42,800 --> 00:27:44,960
Speaker 2: of schools, even for teachers. A lot of time, I

660
00:27:44,960 --> 00:27:46,879
Speaker 2: always recommend, like if you want to do like an

661
00:27:46,880 --> 00:27:48,840
Speaker 2: investment club for your class, and you can start with

662
00:27:48,920 --> 00:27:51,200
Speaker 2: like fake money, think of I'm a prize whoever wins.

663
00:27:51,400 --> 00:27:53,199
Speaker 2: Colleges do that all the time all the time, and

664
00:27:53,240 --> 00:27:56,639
Speaker 2: it's like, hey, you're learning, but it's always good to

665
00:27:56,680 --> 00:27:59,600
Speaker 2: have some kind of competition in place. And then you realize,

666
00:27:59,640 --> 00:28:01,720
Speaker 2: like it's that actually exciting, Like I mean, like anybody

667
00:28:01,880 --> 00:28:05,359
Speaker 2: really is involved with like trading stocks or investing on

668
00:28:05,400 --> 00:28:10,320
Speaker 2: a high level. It's like a sport. Again, So simulation

669
00:28:10,680 --> 00:28:12,959
Speaker 2: is something that and like you said, it's you're not

670
00:28:13,000 --> 00:28:14,920
Speaker 2: making any money, but it's it's like you.

671
00:28:14,920 --> 00:28:15,600
Speaker 3: Have to practice this.

672
00:28:15,720 --> 00:28:17,879
Speaker 2: Yeah, it's the same as it's like the preseason, like

673
00:28:17,920 --> 00:28:18,320
Speaker 2: the preseason.

674
00:28:18,359 --> 00:28:19,840
Speaker 3: I think it's dope because, like I said in our

675
00:28:19,840 --> 00:28:22,199
Speaker 3: saw A program, we teach stocks. So we start we

676
00:28:22,240 --> 00:28:24,359
Speaker 3: teach them about the market, but then like they do

677
00:28:24,400 --> 00:28:26,080
Speaker 3: a simulate it and then they actually get to go

678
00:28:26,080 --> 00:28:28,959
Speaker 3: down to Wall Street and see how it's incredible. So

679
00:28:29,000 --> 00:28:32,000
Speaker 3: that's important. After we do the simulation, though, right now

680
00:28:32,000 --> 00:28:33,760
Speaker 3: it's time to get in the game, Like is there

681
00:28:33,800 --> 00:28:35,680
Speaker 3: a certain amount of money we need to have or like.

682
00:28:35,760 --> 00:28:37,879
Speaker 5: Yes, I would say start with two thousand, but before

683
00:28:37,920 --> 00:28:40,480
Speaker 5: you get to intra day trading, like, you have to

684
00:28:40,520 --> 00:28:43,840
Speaker 5: invest long term. So even though I love investing on

685
00:28:43,880 --> 00:28:47,600
Speaker 5: the short term, I made my chops and reputation off

686
00:28:47,640 --> 00:28:51,280
Speaker 5: long term investment. So the foundation is indexes, second layers

687
00:28:51,280 --> 00:28:54,200
Speaker 5: technology stocks to start there and then start with a

688
00:28:54,240 --> 00:28:57,000
Speaker 5: thousand and two thousand bucks. Don't put everything you have

689
00:28:57,080 --> 00:29:00,160
Speaker 5: into it because then when the money's involved, emotions come

690
00:29:00,240 --> 00:29:01,080
Speaker 5: out absolutely.

691
00:29:01,080 --> 00:29:01,920
Speaker 4: And then now you.

692
00:29:01,840 --> 00:29:03,480
Speaker 5: Have to stick to your rule of one or two

693
00:29:03,520 --> 00:29:06,280
Speaker 5: trades a day and not forty five trades and not

694
00:29:06,360 --> 00:29:08,600
Speaker 5: trading a four x and crypto and everything at the

695
00:29:08,600 --> 00:29:10,520
Speaker 5: same time, Like you have to be very disciplined. So start

696
00:29:10,560 --> 00:29:12,560
Speaker 5: small and then earn your way up to put it

697
00:29:12,600 --> 00:29:14,680
Speaker 5: in more. Most people just want to throw in ten

698
00:29:14,760 --> 00:29:16,240
Speaker 5: grand and hope it goes up, and I'm like, you

699
00:29:16,280 --> 00:29:19,040
Speaker 5: can't hope. You have to practice your way through this

700
00:29:19,080 --> 00:29:19,800
Speaker 5: to be able to do better.

701
00:29:20,040 --> 00:29:21,600
Speaker 3: One of the things you said too, I heard an

702
00:29:21,680 --> 00:29:25,040
Speaker 3: envy was like people just throw money into an investment

703
00:29:25,120 --> 00:29:26,800
Speaker 3: and they just leave it there. Yeah, Like there has

704
00:29:26,800 --> 00:29:28,480
Speaker 3: to be some discipline where you have like, all right,

705
00:29:28,920 --> 00:29:31,640
Speaker 3: every month, I need to throw this certain amount about

706
00:29:31,640 --> 00:29:32,480
Speaker 3: that a little bit.

707
00:29:32,680 --> 00:29:35,480
Speaker 5: Yeah, So you want to set goals in place. So

708
00:29:35,600 --> 00:29:38,840
Speaker 5: even if you only let's say you get one pennyworth

709
00:29:38,880 --> 00:29:41,640
Speaker 5: of movement on bonds and you max out your contracts,

710
00:29:41,800 --> 00:29:44,480
Speaker 5: you can get six and a quarter percent growth on

711
00:29:44,480 --> 00:29:45,640
Speaker 5: one pennyworth of movement.

712
00:29:45,880 --> 00:29:47,520
Speaker 4: You don't have to be great to do that.

713
00:29:47,960 --> 00:29:49,760
Speaker 5: So I tell my students you have to have one

714
00:29:49,800 --> 00:29:51,920
Speaker 5: small target you can hit every day, because, let's be honest,

715
00:29:51,960 --> 00:29:55,160
Speaker 5: you have to produce. Even if emotions are there, you're

716
00:29:55,160 --> 00:29:57,520
Speaker 5: having a bad day, you've been fighting with your significant other,

717
00:29:57,600 --> 00:29:59,120
Speaker 5: you still have to make money because bills are going

718
00:29:59,200 --> 00:30:01,000
Speaker 5: to come in. And then go for a longer target.

719
00:30:01,440 --> 00:30:02,920
Speaker 5: So that's when I tell them to do like a

720
00:30:02,960 --> 00:30:06,760
Speaker 5: fifteen point target. So if you lose one trade let's

721
00:30:06,760 --> 00:30:09,040
Speaker 5: say if you even lose five, when you hit that

722
00:30:09,080 --> 00:30:12,200
Speaker 5: fifteen point target, it erases all the previous losses.

723
00:30:11,800 --> 00:30:14,760
Speaker 4: And now you're in profit of ten. But it's a sport.

724
00:30:14,920 --> 00:30:18,760
Speaker 5: It's no different than playing basketball, mma, which my son

725
00:30:18,840 --> 00:30:19,240
Speaker 5: loves to do.

726
00:30:19,280 --> 00:30:23,440
Speaker 4: Heyes, Ander, I love you. Or we all went to

727
00:30:23,440 --> 00:30:24,560
Speaker 4: school with people who were.

728
00:30:24,400 --> 00:30:27,640
Speaker 5: Really talented and then end up not doing well because

729
00:30:27,640 --> 00:30:29,959
Speaker 5: they were just lazy as hell, Like we look at

730
00:30:30,040 --> 00:30:34,360
Speaker 5: James Harden of course in Houston Lebron. Regardless of what

731
00:30:34,400 --> 00:30:37,320
Speaker 5: you think of him. Man, the kid worked hard, works hard,

732
00:30:37,600 --> 00:30:39,440
Speaker 5: puts a lot of money to his body in the offseason.

733
00:30:39,800 --> 00:30:42,000
Speaker 5: So you have to treat the investing part the same way.

734
00:30:42,080 --> 00:30:45,440
Speaker 2: Yeah. So all right, so you said the first lady

735
00:30:45,520 --> 00:30:48,640
Speaker 2: should be index funds. Yes, the second lader should be tech.

736
00:30:48,680 --> 00:30:50,000
Speaker 2: I'm glad you said don't want to talk about tech

737
00:30:50,000 --> 00:30:52,560
Speaker 2: a little bit because I'll tell people all the time, like,

738
00:30:52,960 --> 00:30:55,280
Speaker 2: if you don't know anything, just invest in tech absolutely,

739
00:30:55,360 --> 00:30:58,240
Speaker 2: because technology is not the way of the future is

740
00:30:58,320 --> 00:31:00,720
Speaker 2: right now. It's now and it always has Yeah, every

741
00:31:00,760 --> 00:31:04,480
Speaker 2: industry is effective by tech, like this is there's a

742
00:31:04,560 --> 00:31:08,040
Speaker 2: mutual fund called the Diamond Tech Fund. Franklin Templeton yep.

743
00:31:08,160 --> 00:31:10,600
Speaker 2: And it's up like sixteen percent a year for the

744
00:31:10,680 --> 00:31:13,560
Speaker 2: last ten years easily, and it has like all of

745
00:31:13,680 --> 00:31:17,400
Speaker 2: the big tech companies in it, like Google, Apple, Amazon,

746
00:31:18,800 --> 00:31:22,080
Speaker 2: So it's like it's the dummies way to invest, like

747
00:31:23,120 --> 00:31:23,520
Speaker 2: I mean.

748
00:31:23,400 --> 00:31:25,880
Speaker 5: Because our lives are rule by technology, even back when

749
00:31:26,240 --> 00:31:30,040
Speaker 5: that's assembly line before that was the technological innovation that made.

750
00:31:29,960 --> 00:31:31,440
Speaker 4: Ford great at that time.

751
00:31:31,680 --> 00:31:33,840
Speaker 5: Then IBM, of course in the Apple and Microsoft had

752
00:31:33,840 --> 00:31:37,480
Speaker 5: been in a great run. Netflix, Facebook, Google, I mean,

753
00:31:37,680 --> 00:31:40,440
Speaker 5: and I tell people like invest the major tech companies

754
00:31:40,440 --> 00:31:42,840
Speaker 5: you heard of. If it's a biotech company that you

755
00:31:42,920 --> 00:31:45,360
Speaker 5: never heard of in Delaware, don't touch it. We all

756
00:31:45,360 --> 00:31:49,320
Speaker 5: have heard of Facebook, Amazon, Google, and Netflix. So those

757
00:31:49,360 --> 00:31:51,000
Speaker 5: are easy and like you said, an easy way to

758
00:31:51,000 --> 00:31:53,400
Speaker 5: invest because we because I ask entrepreneurs if I can

759
00:31:53,480 --> 00:31:56,760
Speaker 5: walk you into Steve Jobs office when he was alive

760
00:31:56,880 --> 00:31:58,840
Speaker 5: and he would give you a grant for your business,

761
00:31:59,200 --> 00:32:01,880
Speaker 5: which you take the grant from Steve. Everybody says, yeah,

762
00:32:02,680 --> 00:32:05,360
Speaker 5: how much money have you invested in Apple? Then, because

763
00:32:05,400 --> 00:32:07,920
Speaker 5: it comes down to who's the better entrepreneur. I'm not

764
00:32:08,080 --> 00:32:10,800
Speaker 5: better than the CEO of Google, no matter how much

765
00:32:10,840 --> 00:32:13,160
Speaker 5: ego I have, I'm not I'm not better than Zuckerberg.

766
00:32:13,520 --> 00:32:15,760
Speaker 5: But I can tie my money into him and their

767
00:32:15,800 --> 00:32:17,600
Speaker 5: performance and make money.

768
00:32:17,360 --> 00:32:18,320
Speaker 4: Off of them.

769
00:32:18,600 --> 00:32:21,479
Speaker 5: And especially in our community, we know who the hottest

770
00:32:21,480 --> 00:32:23,240
Speaker 5: players are, who the hottest rappers are.

771
00:32:24,160 --> 00:32:25,440
Speaker 4: We make it that way. Yeah, and we make it

772
00:32:25,480 --> 00:32:25,760
Speaker 4: that way.

773
00:32:25,800 --> 00:32:27,200
Speaker 5: So even when I went to E C Centro and

774
00:32:27,200 --> 00:32:30,600
Speaker 5: talk to the kids, I'm like, who's hotter Cardi or

775
00:32:30,760 --> 00:32:32,760
Speaker 5: MC light? Most of the kids like who is the

776
00:32:32,800 --> 00:32:37,440
Speaker 5: mc light? Now yeah, it's like it's like Cardi's hotter? Okay, cool,

777
00:32:37,520 --> 00:32:42,040
Speaker 5: Cardi is Apple, And okay, who's hotter Drake or rock him?

778
00:32:42,480 --> 00:32:43,200
Speaker 4: Peace to the God?

779
00:32:43,600 --> 00:32:48,120
Speaker 5: But Drake would be like Microsoft, So these are easy

780
00:32:48,160 --> 00:32:50,560
Speaker 5: best You have like top five performers in every industry

781
00:32:50,920 --> 00:32:53,880
Speaker 5: and just tie your money into them and you'll be okay.

782
00:32:54,160 --> 00:32:56,760
Speaker 2: So why are you so big on indexes though? Because

783
00:32:57,400 --> 00:33:02,880
Speaker 2: it's a debate between like indexes. Warren Buffett is believing

784
00:33:02,960 --> 00:33:05,440
Speaker 2: index He's believing he's like just pushing my index fine

785
00:33:05,440 --> 00:33:06,600
Speaker 2: if you don't know, not, no, it's just pushing my

786
00:33:06,680 --> 00:33:08,720
Speaker 2: index line. And a lot of people like that. Yeah,

787
00:33:09,920 --> 00:33:11,960
Speaker 2: but then people want.

788
00:33:12,040 --> 00:33:13,000
Speaker 4: Are you anti index?

789
00:33:15,000 --> 00:33:17,240
Speaker 3: This episode is brought to you by P and C Bank.

790
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Speaker 2: I'm not okay, but I'm just interested to get your

841
00:36:08,600 --> 00:36:12,280
Speaker 2: perspective on it. Like why why is index funds the

842
00:36:12,320 --> 00:36:13,520
Speaker 2: top level for you?

843
00:36:14,000 --> 00:36:14,280
Speaker 4: Yeah?

844
00:36:14,360 --> 00:36:17,760
Speaker 5: Because it provides a certain level of safety. So let's

845
00:36:17,880 --> 00:36:21,440
Speaker 5: make it a comparison like the Knicks. GM has had

846
00:36:21,440 --> 00:36:24,480
Speaker 5: a lot of opportunity to draft some good players. He

847
00:36:24,600 --> 00:36:27,839
Speaker 5: has not for the longest time. So let's say we're

848
00:36:27,880 --> 00:36:31,359
Speaker 5: going to be in GM of picking stocks. Okay, so

849
00:36:31,560 --> 00:36:34,000
Speaker 5: we can either pick one individual company which we may

850
00:36:34,040 --> 00:36:36,439
Speaker 5: have a bust on, or an index fund is nothing

851
00:36:36,440 --> 00:36:38,640
Speaker 5: more than an All Star team. So if I give

852
00:36:38,640 --> 00:36:41,839
Speaker 5: you the Eastern All Stars to go against Orlando, who

853
00:36:41,840 --> 00:36:45,040
Speaker 5: do you think is going to win? All Star team

854
00:36:45,080 --> 00:36:48,000
Speaker 5: is going to win? So like when you pick index funds.

855
00:36:48,040 --> 00:36:49,919
Speaker 5: You're taking the best of the best companies and even

856
00:36:49,960 --> 00:36:52,840
Speaker 5: if you miss a great company, by having a collective

857
00:36:52,840 --> 00:36:54,680
Speaker 5: there or a basket, it'll be able to go up.

858
00:36:54,680 --> 00:36:56,440
Speaker 5: And then this year had an amazing run, like it

859
00:36:56,480 --> 00:36:59,279
Speaker 5: was up twenty seven percent like to this year was

860
00:36:59,320 --> 00:37:01,880
Speaker 5: a great year. And I know some people don't like them,

861
00:37:02,000 --> 00:37:04,160
Speaker 5: but it's like Buffett does it a lot of the

862
00:37:04,200 --> 00:37:06,440
Speaker 5: major hedsphones. And then if you want to get more technical,

863
00:37:06,520 --> 00:37:08,400
Speaker 5: like all the money they've been pumping into the market

864
00:37:08,680 --> 00:37:12,440
Speaker 5: will quantitative ease. And since the recession, that's another reason,

865
00:37:12,480 --> 00:37:14,439
Speaker 5: like always help people. The market is rigged to stay

866
00:37:14,520 --> 00:37:17,520
Speaker 5: up because when the market happens, or a recession happens,

867
00:37:17,960 --> 00:37:21,920
Speaker 5: people die, divorces are the higher rate businesses never recover.

868
00:37:22,040 --> 00:37:25,480
Speaker 5: So it's the economic engine that keeps pumping. And we

869
00:37:25,600 --> 00:37:27,920
Speaker 5: have to tire our money to where the money is

870
00:37:28,000 --> 00:37:29,160
Speaker 5: and where it's flowing easily.

871
00:37:29,600 --> 00:37:31,759
Speaker 2: So all right, And another thing with the index fund

872
00:37:31,880 --> 00:37:33,960
Speaker 2: is that you can actually invest Most retirement plans, most

873
00:37:34,000 --> 00:37:35,719
Speaker 2: fall on k's have an option where it's like the

874
00:37:35,800 --> 00:37:37,680
Speaker 2: S ANDP, you can invest in an index fund inside

875
00:37:37,719 --> 00:37:40,279
Speaker 2: of your retirement what dreaming to my next question? So

876
00:37:41,080 --> 00:37:44,320
Speaker 2: what stocks should people invest in for retirement.

877
00:37:45,200 --> 00:37:47,920
Speaker 5: The two biggest technology companies that are keep us up. Well,

878
00:37:47,920 --> 00:37:51,040
Speaker 5: my plan is very simple to indexes two tech because

879
00:37:51,040 --> 00:37:53,480
Speaker 5: if you make if you invest in twenty five companies,

880
00:37:53,480 --> 00:37:56,759
Speaker 5: you made your own mutual fund. Why now you can

881
00:37:56,800 --> 00:37:59,680
Speaker 5: talk if from an asset allocation standpoint that you should

882
00:37:59,719 --> 00:38:05,719
Speaker 5: have and tech ruin runs our lives. So whether Amazon

883
00:38:06,320 --> 00:38:08,200
Speaker 5: takes over or Apple takes over, it's going to be

884
00:38:08,280 --> 00:38:11,000
Speaker 5: two tech giants always tie your money.

885
00:38:11,000 --> 00:38:12,360
Speaker 4: And you can go back and look at IBM.

886
00:38:12,480 --> 00:38:14,040
Speaker 2: So what tech giants look right now?

887
00:38:14,080 --> 00:38:16,680
Speaker 4: I've always advised Apple and Microsoft.

888
00:38:16,880 --> 00:38:20,520
Speaker 5: Now Google, well, if you can afford it, Google's too

889
00:38:20,560 --> 00:38:21,480
Speaker 5: pricey for most people.

890
00:38:22,040 --> 00:38:23,600
Speaker 4: That is true. Yeah, it's too pricey.

891
00:38:23,360 --> 00:38:25,719
Speaker 5: If you can do Google, absolutely, but I know most

892
00:38:25,719 --> 00:38:28,239
Speaker 5: in our community they can't afford where Google is. I

893
00:38:28,239 --> 00:38:31,759
Speaker 5: mean I recommended Amazon and Google in twenty fifteen to

894
00:38:31,760 --> 00:38:34,719
Speaker 5: twenty sixteen, and Amazon before it got two thousand this year.

895
00:38:35,040 --> 00:38:36,799
Speaker 5: Once to hit a thousand of share, most people it's

896
00:38:36,840 --> 00:38:38,479
Speaker 5: like I don't have enough money to buy one.

897
00:38:38,360 --> 00:38:41,440
Speaker 2: Share to buy one Yeah, Amazon's gonna keep going up

898
00:38:42,000 --> 00:38:42,680
Speaker 2: to infinity.

899
00:38:42,880 --> 00:38:45,719
Speaker 5: Yeah, they the king of retail. Yeah, So if you

900
00:38:45,800 --> 00:38:47,880
Speaker 5: guys can afford it, do it.

901
00:38:48,080 --> 00:38:52,520
Speaker 2: No stopping. Yeah, yeah, okay, And that's just that's the

902
00:38:52,600 --> 00:38:56,520
Speaker 2: retirement strategy, yep, because those companies are never going to afford.

903
00:38:56,480 --> 00:38:59,600
Speaker 5: Never, and if so, someone's gonna overtake them. So even

904
00:38:59,680 --> 00:39:03,400
Speaker 5: with Marksoft, like I'm thirty seven, Microsoft is popular, Windows

905
00:39:03,480 --> 00:39:06,000
Speaker 5: ninety five was popular, and Bill Gates had that company

906
00:39:06,040 --> 00:39:10,120
Speaker 5: doing well in the mid nineties. So even like twenty

907
00:39:10,200 --> 00:39:13,200
Speaker 5: grand or ten grand back in the nineties now would

908
00:39:13,200 --> 00:39:16,960
Speaker 5: be several hundred thousand dollars. Great companies tend to be

909
00:39:16,960 --> 00:39:19,040
Speaker 5: great for a long period of time, and shitty companies

910
00:39:19,080 --> 00:39:22,480
Speaker 5: go out of business really fast. So even you take Oracle,

911
00:39:22,840 --> 00:39:25,280
Speaker 5: any of the Silicon Valley tech giants, they've been around

912
00:39:25,280 --> 00:39:29,680
Speaker 5: for a long time. Salesforce with that ticker CRAM, Yeah,

913
00:39:30,080 --> 00:39:33,399
Speaker 5: they've been around forever. So that's why when like fly

914
00:39:33,480 --> 00:39:36,200
Speaker 5: by Night stuff comes up, like bitcoin, I'm like.

915
00:39:36,320 --> 00:39:37,560
Speaker 4: Why we'll get that?

916
00:39:37,840 --> 00:39:38,040
Speaker 3: Yeah?

917
00:39:38,120 --> 00:39:38,920
Speaker 4: Why touch it?

918
00:39:39,560 --> 00:39:41,839
Speaker 5: And if you don't know how to properly invest in,

919
00:39:41,880 --> 00:39:44,600
Speaker 5: like start with the big boys and think of it always.

920
00:39:44,600 --> 00:39:48,000
Speaker 5: You're you're drafting, so you want to draft the best players.

921
00:39:48,120 --> 00:39:50,400
Speaker 5: So I'm going to whether you like Lebron or not,

922
00:39:50,600 --> 00:39:52,360
Speaker 5: I'm Lebron's going to be one of the first people

923
00:39:52,360 --> 00:39:55,680
Speaker 5: I picked, Like Duranta's like a salesforce, like so on,

924
00:39:55,760 --> 00:39:56,759
Speaker 5: steady gets.

925
00:39:56,520 --> 00:39:58,719
Speaker 4: Better every year. Underrated.

926
00:39:59,360 --> 00:40:00,919
Speaker 5: But then a lot a lot of people are like, well,

927
00:40:00,960 --> 00:40:03,720
Speaker 5: I want to get a weed company.

928
00:40:03,880 --> 00:40:05,879
Speaker 4: Like can that falls through the floor.

929
00:40:05,920 --> 00:40:08,759
Speaker 5: And I'm like, why just because you smoke weed like

930
00:40:09,760 --> 00:40:11,719
Speaker 5: that doesn't make you an expert. And I feel like,

931
00:40:11,800 --> 00:40:13,960
Speaker 5: just tie your money to what's working. So we got

932
00:40:13,960 --> 00:40:16,120
Speaker 5: two tech stocks, and what are the two indexes?

933
00:40:17,000 --> 00:40:18,080
Speaker 4: Spy is it easy?

934
00:40:18,160 --> 00:40:20,160
Speaker 5: Or you can do vol which is Vanguard and then

935
00:40:20,160 --> 00:40:21,960
Speaker 5: the Dow Jones which is DA.

936
00:40:21,880 --> 00:40:23,360
Speaker 4: And keep it very very simple.

937
00:40:23,600 --> 00:40:25,520
Speaker 5: Keep it very simple, because you don't need twenty five

938
00:40:25,560 --> 00:40:28,719
Speaker 5: stocks in your retirement plan, because once you have so many,

939
00:40:28,719 --> 00:40:31,040
Speaker 5: they'll start to weigh down your portfolio. Well, you may

940
00:40:31,040 --> 00:40:32,960
Speaker 5: have a winner that's up twenty five percent, but the

941
00:40:32,960 --> 00:40:35,279
Speaker 5: loser may have lost twelve percent. And now you've cut

942
00:40:35,280 --> 00:40:37,960
Speaker 5: your retirement and half. And the number that we actually

943
00:40:37,960 --> 00:40:41,120
Speaker 5: need for retirement is five million in our community.

944
00:40:41,680 --> 00:40:42,520
Speaker 4: That's a hard as.

945
00:40:44,440 --> 00:40:47,520
Speaker 5: When you look at inflation and then also how many

946
00:40:47,600 --> 00:40:49,400
Speaker 5: kids you have one you have one.

947
00:40:49,239 --> 00:40:53,120
Speaker 4: Two, you have two. They're not cheap, no, it adds up.

948
00:40:53,120 --> 00:40:55,279
Speaker 5: And then also when we get in this position to

949
00:40:55,320 --> 00:40:58,360
Speaker 5: be fortunate financially, we also have to help other people,

950
00:40:58,920 --> 00:41:01,960
Speaker 5: so it's the heavier on us. And then of course

951
00:41:01,960 --> 00:41:03,480
Speaker 5: it will cost of living going up. I mean, you

952
00:41:03,520 --> 00:41:06,040
Speaker 5: guys are living in a pricey state. It's not gonna

953
00:41:06,040 --> 00:41:08,040
Speaker 5: be cheap to you can't. There is no four or

954
00:41:08,040 --> 00:41:10,839
Speaker 5: five hundred dollars mortgage is here anymore, so that we.

955
00:41:10,800 --> 00:41:11,560
Speaker 4: Just need more money.

956
00:41:11,560 --> 00:41:14,040
Speaker 2: And then it's the four percent rule. Yeah, go ahead,

957
00:41:14,040 --> 00:41:17,000
Speaker 2: four percent rule. So if anybody's not familiar, that's what

958
00:41:17,040 --> 00:41:19,000
Speaker 2: most people say, like you should only take four percent

959
00:41:19,000 --> 00:41:22,319
Speaker 2: of your retirement account a year to make sure that

960
00:41:22,960 --> 00:41:26,360
Speaker 2: it stays forever. Yeah, So four percent of a million

961
00:41:26,640 --> 00:41:28,640
Speaker 2: is forty thousand dollars. When you look at it, like,

962
00:41:28,640 --> 00:41:29,680
Speaker 2: that's not that much money.

963
00:41:29,719 --> 00:41:32,960
Speaker 5: You're at break even pretty much, right, So maybe so.

964
00:41:33,040 --> 00:41:34,880
Speaker 2: Then five million, four percent of five million is two

965
00:41:34,920 --> 00:41:37,000
Speaker 2: hundred thousand dollars. So if you look at it from

966
00:41:37,000 --> 00:41:41,080
Speaker 2: that standpoint, especially with inflation and rise in health care costs,

967
00:41:41,080 --> 00:41:43,480
Speaker 2: not really a lot of money at all. Like God rustled,

968
00:41:43,480 --> 00:41:46,760
Speaker 2: so my grandmother gave all of our life savings away

969
00:41:47,280 --> 00:41:49,279
Speaker 2: trying to get back healthy once she had cancer, Like

970
00:41:49,360 --> 00:41:52,120
Speaker 2: My grandma probably went through two hundred grand maybe in

971
00:41:52,239 --> 00:41:55,239
Speaker 2: eight months. Wow, like going through key and I'm like,

972
00:41:55,280 --> 00:41:57,759
Speaker 2: they're with her. So the businessman to me and my

973
00:41:57,840 --> 00:42:00,399
Speaker 2: dad is seeing it, He's like, there's forty chairs in here,

974
00:42:01,360 --> 00:42:03,759
Speaker 2: like and they're charging twenty five hundred air five.

975
00:42:04,200 --> 00:42:05,120
Speaker 3: This is a business.

976
00:42:05,880 --> 00:42:09,919
Speaker 5: So it's great for the healthcare field, but for us well,

977
00:42:09,960 --> 00:42:12,480
Speaker 5: if we ever have any disaster or because we're all

978
00:42:12,480 --> 00:42:15,399
Speaker 5: going to have a downturn, at some point, something will happen,

979
00:42:15,480 --> 00:42:17,000
Speaker 5: and that's why we need more money put away.

980
00:42:17,400 --> 00:42:18,319
Speaker 4: It costs a lot of money.

981
00:42:18,360 --> 00:42:20,680
Speaker 5: And look at all the bankruptcies that happened because of

982
00:42:20,960 --> 00:42:22,960
Speaker 5: high hospital bills. Like I have a friend that had

983
00:42:22,960 --> 00:42:25,680
Speaker 5: a two hundred thousand dollars bill last year. It's like

984
00:42:26,520 --> 00:42:28,719
Speaker 5: you can try and write it off a five bankruptcy,

985
00:42:28,800 --> 00:42:30,520
Speaker 5: but it's like it's going to dig a deeper hole

986
00:42:30,560 --> 00:42:30,759
Speaker 5: for you.

987
00:42:31,520 --> 00:42:34,640
Speaker 2: So four X, which is we're gonna do an episode.

988
00:42:34,680 --> 00:42:36,840
Speaker 2: We're going to do a whole episode of us. Stop asking.

989
00:42:37,200 --> 00:42:38,920
Speaker 2: We appreciate it, We got it.

990
00:42:39,000 --> 00:42:42,480
Speaker 3: We heard you had some thoughts about.

991
00:42:42,280 --> 00:42:45,680
Speaker 2: It, but yeah, currency trading four X, So why are

992
00:42:45,760 --> 00:42:47,160
Speaker 2: you not a fan of four X?

993
00:42:47,760 --> 00:42:51,479
Speaker 5: The regulations are tough so if you do, it's gotten better.

994
00:42:51,520 --> 00:42:54,680
Speaker 5: So they are brokers here that are regulated. Finally, can

995
00:42:54,719 --> 00:42:57,200
Speaker 5: we just say it's not a new thing. No, you know,

996
00:42:57,360 --> 00:42:59,719
Speaker 5: like I'm working around kids all the time and they'll

997
00:42:59,760 --> 00:43:01,040
Speaker 5: try to approached me about it.

998
00:43:01,080 --> 00:43:03,359
Speaker 3: I'm like, guys, yeah, it's like it feels like a

999
00:43:03,360 --> 00:43:06,040
Speaker 3: new fad that's going on, but it's not because of Instagram.

1000
00:43:06,080 --> 00:43:08,600
Speaker 2: It's on social media.

1001
00:43:08,120 --> 00:43:08,960
Speaker 3: On social exactly.

1002
00:43:09,080 --> 00:43:09,239
Speaker 4: Yeah.

1003
00:43:09,239 --> 00:43:12,640
Speaker 5: And when people mentioned, they'll be like, well, one time

1004
00:43:12,760 --> 00:43:15,560
Speaker 5: an investor took a trade and made two billion dollars.

1005
00:43:15,600 --> 00:43:18,160
Speaker 5: I'm like, he wasn't traded on MT four Like that

1006
00:43:18,360 --> 00:43:21,240
Speaker 5: was a bank play that he actually made, So that's different.

1007
00:43:21,360 --> 00:43:25,560
Speaker 5: Currency trading from a bank standpoint is good, but a

1008
00:43:25,719 --> 00:43:28,400
Speaker 5: you have to deal with regulation to the brokers are shitty.

1009
00:43:28,680 --> 00:43:30,239
Speaker 5: So a lot of them take your money. Like I

1010
00:43:30,280 --> 00:43:32,320
Speaker 5: have friends that invested in four X and then literally

1011
00:43:32,320 --> 00:43:35,000
Speaker 5: all their money was taken. You aren't going to be

1012
00:43:35,040 --> 00:43:37,480
Speaker 5: able to get at the best spots. And then when

1013
00:43:37,520 --> 00:43:41,200
Speaker 5: you look at the major news outlets, nobody talks about

1014
00:43:41,200 --> 00:43:43,359
Speaker 5: four X. First, I'm like, follow.

1015
00:43:43,080 --> 00:43:43,839
Speaker 4: What the money is.

1016
00:43:44,239 --> 00:43:48,040
Speaker 5: I've never heard three heads fund managers ever mentioned four

1017
00:43:48,200 --> 00:43:50,920
Speaker 5: X on TV or in writing. It's just not a

1018
00:43:50,960 --> 00:43:53,880
Speaker 5: good thing to invest in because you're trading against other people.

1019
00:43:54,400 --> 00:43:55,960
Speaker 4: And let's say you do get twenty.

1020
00:43:55,680 --> 00:43:57,360
Speaker 5: Five pips a day. Because we all see the postal

1021
00:43:57,440 --> 00:44:02,239
Speaker 5: Instagram fourteen fifteen. I'm like, I don't know how your

1022
00:44:02,239 --> 00:44:05,200
Speaker 5: bills are structured, but that one hundred dollars win not

1023
00:44:05,200 --> 00:44:07,439
Speaker 5: gonna do shit for me and my kid. Like, it's

1024
00:44:07,520 --> 00:44:10,120
Speaker 5: not it's an amateur's market and it's a good place

1025
00:44:10,120 --> 00:44:14,040
Speaker 5: to start. Have there been people that make money, yes,

1026
00:44:14,520 --> 00:44:15,879
Speaker 5: but there are not a lot of more.

1027
00:44:15,920 --> 00:44:17,960
Speaker 4: It has a ninety five percent loss rate.

1028
00:44:18,200 --> 00:44:20,280
Speaker 3: Yeah, I feel like this thing like hit college campuses

1029
00:44:20,280 --> 00:44:21,319
Speaker 3: and hit social media like wow.

1030
00:44:21,360 --> 00:44:24,040
Speaker 5: And then the multi level marketing companies took over, and

1031
00:44:24,080 --> 00:44:25,879
Speaker 5: I'm like, if you can actually trade.

1032
00:44:26,120 --> 00:44:27,680
Speaker 4: Why do you need to recruit people?

1033
00:44:27,719 --> 00:44:29,400
Speaker 5: And I tell people all the time whether you join me,

1034
00:44:29,400 --> 00:44:32,200
Speaker 5: and I'm complete, like, you don't have to join. But

1035
00:44:32,239 --> 00:44:35,640
Speaker 5: that's where the financial freedom, having no debt, having money

1036
00:44:35,640 --> 00:44:39,040
Speaker 5: comes in because my I'm trying to be less dame

1037
00:44:39,160 --> 00:44:42,279
Speaker 5: dashes and approach and be kinder, but I feel the

1038
00:44:42,440 --> 00:44:43,600
Speaker 5: energy because it's like, if you're.

1039
00:44:43,440 --> 00:44:45,840
Speaker 4: Financially free, you don't need to chase anybody.

1040
00:44:45,960 --> 00:44:48,239
Speaker 3: Yeah, it becomes like you know what, like, what's the

1041
00:44:48,239 --> 00:44:50,239
Speaker 3: fastest thing to get money right now? Especially for a

1042
00:44:50,280 --> 00:44:53,000
Speaker 3: kid who's in college no money. It's like, I'll do this.

1043
00:44:53,040 --> 00:44:56,080
Speaker 4: And I was that broke kid in college to understand it. Vulnerable.

1044
00:44:56,440 --> 00:44:59,279
Speaker 5: Damn, they're all fast money is bad. Anybody I knew

1045
00:44:59,280 --> 00:45:01,760
Speaker 5: who was making fast money in any endeavor they lost

1046
00:45:01,760 --> 00:45:03,759
Speaker 5: it because when you make it too fast, you don't

1047
00:45:03,760 --> 00:45:04,479
Speaker 5: appreciate it.

1048
00:45:04,640 --> 00:45:07,000
Speaker 3: Kids, listen not please, please.

1049
00:45:07,080 --> 00:45:09,000
Speaker 5: Or you can lose it and then say, hey, you

1050
00:45:09,000 --> 00:45:11,640
Speaker 5: were right two or three years later, but please don't

1051
00:45:11,680 --> 00:45:12,200
Speaker 5: touch for X.

1052
00:45:12,200 --> 00:45:14,279
Speaker 4: And I know some of y'all love f X that

1053
00:45:14,600 --> 00:45:15,040
Speaker 4: is trashed.

1054
00:45:15,239 --> 00:45:17,239
Speaker 2: Can we talk about bonds for a little bit. So

1055
00:45:17,400 --> 00:45:20,440
Speaker 2: bonds all right? You hear about stocks and bonds a lot.

1056
00:45:20,719 --> 00:45:24,200
Speaker 2: We've covered stocks, we're covering stocks today, but we haven't

1057
00:45:24,239 --> 00:45:28,320
Speaker 2: spoken about bonds yet. So bonds all right? So stocks,

1058
00:45:28,320 --> 00:45:32,240
Speaker 2: you buy ownership of a company, and you buy stocking Apple.

1059
00:45:32,280 --> 00:45:35,520
Speaker 2: You're part owner of Apple, right, Yes. Bonds kind of

1060
00:45:35,560 --> 00:45:38,040
Speaker 2: like the reverse in a sense where you're loaning a company, yes,

1061
00:45:38,360 --> 00:45:42,520
Speaker 2: or a municipality or country you're loaning no money, and

1062
00:45:42,640 --> 00:45:45,800
Speaker 2: for you loaning no money, they're paying you a dividend. Yes,

1063
00:45:46,760 --> 00:45:50,319
Speaker 2: over a set period of time. It's a coupons called coupon, right,

1064
00:45:50,440 --> 00:45:53,359
Speaker 2: and it has a maturity, and maturity is like ten years,

1065
00:45:53,360 --> 00:45:55,880
Speaker 2: so that's putting matures. So you put a thousand dollars in,

1066
00:45:55,960 --> 00:45:59,480
Speaker 2: you have a ten percent coupon. Then you get one

1067
00:45:59,520 --> 00:46:02,840
Speaker 2: hundred dollars every year, yeah, two times a year, like

1068
00:46:02,840 --> 00:46:05,360
Speaker 2: fifty dollars two times a year, right, semi annually, and

1069
00:46:05,400 --> 00:46:07,600
Speaker 2: then at the end of ten years you get your

1070
00:46:07,680 --> 00:46:09,440
Speaker 2: hundred dollars back. That correct.

1071
00:46:09,560 --> 00:46:11,720
Speaker 4: Yes, Okay, you're good at making it simple.

1072
00:46:12,840 --> 00:46:17,960
Speaker 2: I always say, if eight year old can't understand it.

1073
00:46:17,440 --> 00:46:18,800
Speaker 4: It's too complex, too complex.

1074
00:46:18,960 --> 00:46:20,960
Speaker 5: The litmus test is always my son too, so like

1075
00:46:21,000 --> 00:46:24,720
Speaker 5: that green means up, red means down, like drill Xander

1076
00:46:24,760 --> 00:46:26,480
Speaker 5: on that all the time and he's like and as

1077
00:46:26,520 --> 00:46:26,759
Speaker 5: you know.

1078
00:46:26,800 --> 00:46:29,080
Speaker 4: Kids get it, they get it like super easy, and

1079
00:46:29,080 --> 00:46:29,960
Speaker 4: they love it when they get it.

1080
00:46:30,040 --> 00:46:32,200
Speaker 5: Yeah, because the adults, we are so fearful because we

1081
00:46:32,239 --> 00:46:35,080
Speaker 5: made so many mistakes before, because we all wish that

1082
00:46:35,120 --> 00:46:37,240
Speaker 5: we put more money in Apple ten years ago.

1083
00:46:38,000 --> 00:46:40,560
Speaker 2: I remember when Google first came out on the stock market. Yeah,

1084
00:46:40,719 --> 00:46:43,800
Speaker 2: I remember all of that from two thousand and eight, everything.

1085
00:46:43,680 --> 00:46:46,440
Speaker 3: Invested, we invested I before they even announced the iPhone,

1086
00:46:46,440 --> 00:46:49,960
Speaker 3: I had Apple and I got I got nervous man.

1087
00:46:50,800 --> 00:46:52,359
Speaker 5: And it's a good tip too, Like if you want

1088
00:46:52,400 --> 00:46:54,359
Speaker 5: to know if if a company is a good thing

1089
00:46:54,400 --> 00:46:57,600
Speaker 5: to invest in, click on the ten year chart and

1090
00:46:57,640 --> 00:47:00,680
Speaker 5: it should go up and be green. And the same

1091
00:47:00,680 --> 00:47:02,520
Speaker 5: thing is like if you're in a relationship or marriage

1092
00:47:02,960 --> 00:47:04,040
Speaker 5: after ten years, you know it.

1093
00:47:04,080 --> 00:47:06,160
Speaker 2: Person, I'm glad you said that. I'm glad you said

1094
00:47:06,200 --> 00:47:08,279
Speaker 2: that because I said I do that all the time.

1095
00:47:08,280 --> 00:47:09,880
Speaker 2: It's like if I show them fund and stuff like that,

1096
00:47:10,000 --> 00:47:12,839
Speaker 2: Like I look at it, like, Okay, what's the five

1097
00:47:12,920 --> 00:47:16,880
Speaker 2: year rate of average? Ten year average? And since it's inception,

1098
00:47:17,040 --> 00:47:19,280
Speaker 2: absolutely so, since its inception is when it was created,

1099
00:47:19,960 --> 00:47:23,879
Speaker 2: so if it had like Franklin Dometech f on going

1100
00:47:23,920 --> 00:47:27,680
Speaker 2: back to that, So since it's inception nineteen sixty eight,

1101
00:47:27,760 --> 00:47:29,359
Speaker 2: is average nine point seven percent a year.

1102
00:47:29,440 --> 00:47:30,160
Speaker 4: That's incredible.

1103
00:47:30,520 --> 00:47:34,239
Speaker 2: So odds are Yep, it's average almost ten percent a

1104
00:47:34,320 --> 00:47:36,120
Speaker 2: year for sixty years. Yep, I'm not going to fall

1105
00:47:36,160 --> 00:47:38,839
Speaker 2: off the cliff and yet sixty one highly unlikely. Yep.

1106
00:47:38,920 --> 00:47:41,040
Speaker 2: You know what you're gonna get now something that is

1107
00:47:42,000 --> 00:47:44,279
Speaker 2: up forty seven percent for one year. But if I

1108
00:47:44,280 --> 00:47:47,759
Speaker 2: look in ten years and it's minus one. I can't

1109
00:47:47,760 --> 00:47:50,319
Speaker 2: trust you. Yeah, so you could look at four one

1110
00:47:50,400 --> 00:47:52,960
Speaker 2: k's that all of them the same thing. It's like,

1111
00:47:53,360 --> 00:47:56,520
Speaker 2: that's an easy way. That's the easiest way to look

1112
00:47:56,560 --> 00:47:58,359
Speaker 2: to see if it's a good investment or not look

1113
00:47:58,360 --> 00:48:01,200
Speaker 2: to see what it has done the future. It's always

1114
00:48:01,200 --> 00:48:02,160
Speaker 2: dictated by the past.

1115
00:48:02,200 --> 00:48:03,680
Speaker 4: Absolutely absolutely.

1116
00:48:03,719 --> 00:48:05,680
Speaker 5: And then because if you look at all the legacy

1117
00:48:05,680 --> 00:48:08,719
Speaker 5: companies and to make the analogies with players, bron has

1118
00:48:08,719 --> 00:48:11,160
Speaker 5: been good since he came out, Lebron's and that's why

1119
00:48:11,239 --> 00:48:14,399
Speaker 5: the wash King things funny, like eighty has been good

1120
00:48:14,440 --> 00:48:16,879
Speaker 5: since this came in. The players that were terrible five

1121
00:48:16,960 --> 00:48:18,320
Speaker 5: years ago, they're still terrible.

1122
00:48:18,760 --> 00:48:20,560
Speaker 4: And that's true of companies as well.

1123
00:48:20,600 --> 00:48:22,400
Speaker 5: So you looked at ten and fifteen year period and

1124
00:48:22,480 --> 00:48:23,880
Speaker 5: like you said, since inception.

1125
00:48:23,800 --> 00:48:25,120
Speaker 4: Like Apple has been a rocket.

1126
00:48:25,120 --> 00:48:27,040
Speaker 5: And I make the joke all the time, but Forrest

1127
00:48:27,080 --> 00:48:29,400
Speaker 5: Gump talked about Apple like there was a whole scene

1128
00:48:29,520 --> 00:48:31,640
Speaker 5: carved out about how he invested money and how much

1129
00:48:31,640 --> 00:48:34,680
Speaker 5: it grew, and Apple's continued to hit all time after

1130
00:48:34,719 --> 00:48:35,120
Speaker 5: all time.

1131
00:48:35,440 --> 00:48:37,839
Speaker 3: So we spoke about dividends when we spoke about bonds, Yeah,

1132
00:48:37,840 --> 00:48:40,560
Speaker 3: what are your thoughts on stocks? Dividend stocks.

1133
00:48:40,640 --> 00:48:41,080
Speaker 4: It's tough.

1134
00:48:41,320 --> 00:48:45,040
Speaker 5: There's only a few that I like, Apple, Microsoft, Mandalay.

1135
00:48:45,640 --> 00:48:48,279
Speaker 5: But my thing is, I want you to pair a

1136
00:48:48,280 --> 00:48:52,000
Speaker 5: dividend play with a company that is growing, so you

1137
00:48:52,080 --> 00:48:53,680
Speaker 5: still want to see that chart go up. A lot

1138
00:48:53,719 --> 00:48:57,360
Speaker 5: of dividend plays they pay because they're a bad company.

1139
00:48:57,600 --> 00:48:59,600
Speaker 5: So I always tell women it's like having a shitty

1140
00:48:59,640 --> 00:49:01,560
Speaker 5: boyfriend that I'll buy you a Gucci bag. Is there

1141
00:49:01,640 --> 00:49:04,480
Speaker 5: something that you really want to hold long term? I

1142
00:49:04,560 --> 00:49:07,520
Speaker 5: like for the company to grow and they going to

1143
00:49:07,560 --> 00:49:09,440
Speaker 5: pay us Like Apple and Microsoft are going to pay

1144
00:49:09,440 --> 00:49:12,640
Speaker 5: a smaller dividend, but the growth is incredible opposed to

1145
00:49:12,680 --> 00:49:15,440
Speaker 5: a company that may drop fifteen percent in the quarter,

1146
00:49:15,920 --> 00:49:17,799
Speaker 5: but they're giving you a two dollars diviting. It's like,

1147
00:49:17,840 --> 00:49:20,719
Speaker 5: am I really doing anything for you when your retirement

1148
00:49:20,760 --> 00:49:21,600
Speaker 5: is being dragged down?

1149
00:49:21,840 --> 00:49:23,799
Speaker 2: So but we didn't we didn't talk about bonds, Jack.

1150
00:49:23,920 --> 00:49:25,880
Speaker 2: I wanted to go on somewhere with that. The bond,

1151
00:49:25,960 --> 00:49:27,719
Speaker 2: So how do you make money on So now we

1152
00:49:27,760 --> 00:49:29,520
Speaker 2: explain what bonds are, but how do you make money

1153
00:49:29,560 --> 00:49:31,520
Speaker 2: on bonds? Because you said bonds is actually the best

1154
00:49:31,600 --> 00:49:34,319
Speaker 2: thing to try. Bond's features, So yeah, how does that?

1155
00:49:34,360 --> 00:49:35,080
Speaker 2: How does that work?

1156
00:49:35,200 --> 00:49:38,279
Speaker 5: So there's a unit of measurement called a tick. Think

1157
00:49:38,320 --> 00:49:42,760
Speaker 5: of it as a penny. So anytime that the bonds

1158
00:49:42,840 --> 00:49:45,000
Speaker 5: go up or down that you can make money whether

1159
00:49:45,040 --> 00:49:47,080
Speaker 5: the market goes up or down and pays thirty one

1160
00:49:47,120 --> 00:49:51,000
Speaker 5: dollars and twenty five cent per tick or per penny.

1161
00:49:51,080 --> 00:49:53,960
Speaker 5: So if you get fifty contracts and you ride it down,

1162
00:49:54,719 --> 00:49:57,160
Speaker 5: you can make money really faster. Now, from a long

1163
00:49:57,280 --> 00:49:59,719
Speaker 5: term investment play, there are some different theories of whether

1164
00:49:59,719 --> 00:50:02,160
Speaker 5: youho to have bonds in your mix or not. You can,

1165
00:50:02,800 --> 00:50:05,480
Speaker 5: but from a future standpoint, since it pays the most

1166
00:50:05,560 --> 00:50:06,440
Speaker 5: and it moves slow.

1167
00:50:06,719 --> 00:50:08,680
Speaker 4: So the thing about trading, what's.

1168
00:50:08,520 --> 00:50:10,360
Speaker 3: The court for each contract when you trade in bonds?

1169
00:50:10,400 --> 00:50:11,680
Speaker 4: Five hundred per same thing?

1170
00:50:11,800 --> 00:50:14,359
Speaker 5: Yeah, the same thing, five hundred per So you can

1171
00:50:14,400 --> 00:50:17,839
Speaker 5: get four pennies down with fifty contracts, and you can

1172
00:50:17,880 --> 00:50:20,439
Speaker 5: make a few thousand in a day doing it that way.

1173
00:50:20,520 --> 00:50:22,040
Speaker 4: And then this is the most important thing.

1174
00:50:22,080 --> 00:50:24,560
Speaker 5: After you trade, you have to take a good portion

1175
00:50:24,640 --> 00:50:26,880
Speaker 5: of the capital and then put it back into your

1176
00:50:26,920 --> 00:50:29,279
Speaker 5: long term and not go right to bottle pop and

1177
00:50:29,280 --> 00:50:31,960
Speaker 5: the vacations and tear down the mall and gallery or

1178
00:50:31,960 --> 00:50:32,840
Speaker 5: where I'm in Houston.

1179
00:50:32,920 --> 00:50:34,719
Speaker 3: So, yeah, are there any court where I think like

1180
00:50:34,719 --> 00:50:35,880
Speaker 3: commission calls anything.

1181
00:50:35,600 --> 00:50:36,520
Speaker 4: For that, Yeah, their costs.

1182
00:50:36,520 --> 00:50:38,440
Speaker 5: You can buy a lifetime license and you can lower

1183
00:50:38,560 --> 00:50:41,920
Speaker 5: and reduce your fees. So any financial transaction, you know

1184
00:50:42,040 --> 00:50:44,200
Speaker 5: there's going to be a cost associated with or a fee.

1185
00:50:44,719 --> 00:50:47,799
Speaker 5: But Ninja Trader has cheaper fees and I don't have

1186
00:50:47,880 --> 00:50:52,279
Speaker 5: any affiliate deals with them. But the fee structure is

1187
00:50:52,320 --> 00:50:56,239
Speaker 5: like a dollar forty five round trip, which is entry

1188
00:50:56,280 --> 00:50:58,800
Speaker 5: and then the dollar forty five out, which is pretty

1189
00:50:58,800 --> 00:51:02,000
Speaker 5: good because after you net profit, you're still walking away

1190
00:51:02,040 --> 00:51:04,360
Speaker 5: with probably twenty eight bucks per participant.

1191
00:51:04,480 --> 00:51:07,120
Speaker 4: Is there a difference between the commission calls and execution colls.

1192
00:51:07,480 --> 00:51:09,520
Speaker 5: Yeah, but they put them all in so you know,

1193
00:51:09,640 --> 00:51:11,640
Speaker 5: most brokerages they're going to have the different level of fees.

1194
00:51:11,719 --> 00:51:14,040
Speaker 5: So there's an entry cost of course, like a data

1195
00:51:14,040 --> 00:51:18,360
Speaker 5: feed and other things associated with it. But and the aggregate,

1196
00:51:18,760 --> 00:51:21,520
Speaker 5: like it's worth it because if you went to a

1197
00:51:21,520 --> 00:51:24,319
Speaker 5: bigger platform, like like I said, td Ameritrade, for the

1198
00:51:24,360 --> 00:51:26,160
Speaker 5: S and P you'll have to pay almost seven thousand,

1199
00:51:26,320 --> 00:51:27,839
Speaker 5: and then for bonds you will have to pay thirty

1200
00:51:27,840 --> 00:51:30,040
Speaker 5: five hundred. I know almost black people don't have that

1201
00:51:30,120 --> 00:51:34,600
Speaker 5: sitting around readily available. But for like and futures are

1202
00:51:34,640 --> 00:51:38,799
Speaker 5: for worth for mostly institutional investors and private investors. So

1203
00:51:39,360 --> 00:51:41,080
Speaker 5: that's why I've tried to wake people up around it

1204
00:51:41,080 --> 00:51:43,040
Speaker 5: because I see so many people going to four x

1205
00:51:43,040 --> 00:51:47,960
Speaker 5: and bitcoin and ethereum, and I'm like, invest where like

1206
00:51:48,760 --> 00:51:51,520
Speaker 5: Paul Tutor Jones isn't going on c see you talking

1207
00:51:51,520 --> 00:51:55,759
Speaker 5: about light coin? Like stop invest where the money and

1208
00:51:55,840 --> 00:51:58,680
Speaker 5: big money flows and then you can argue it. And

1209
00:51:58,680 --> 00:52:01,279
Speaker 5: this is my limitus test for everything. I'm like, how

1210
00:52:01,360 --> 00:52:04,160
Speaker 5: much money are you making from it? You can theorize

1211
00:52:04,160 --> 00:52:06,719
Speaker 5: how good something is, but I'm like, if bonds pays

1212
00:52:06,760 --> 00:52:09,560
Speaker 5: the most invests there And I always tell people, Okay,

1213
00:52:09,560 --> 00:52:11,359
Speaker 5: if you did your same job and I told you

1214
00:52:11,440 --> 00:52:14,520
Speaker 5: can make one hundred times more at the same job,

1215
00:52:14,560 --> 00:52:17,759
Speaker 5: what you switch companies? Yes, then I'm like, okay, then

1216
00:52:17,960 --> 00:52:20,600
Speaker 5: leave for X alone, leave crypto alone, and then just

1217
00:52:20,640 --> 00:52:23,440
Speaker 5: play butt. Like you said, you have competitions from day one.

1218
00:52:23,560 --> 00:52:25,799
Speaker 5: So when you trade futures, you're trading against every top

1219
00:52:25,840 --> 00:52:29,239
Speaker 5: trader and every top hedge fund day one. There is

1220
00:52:29,280 --> 00:52:33,080
Speaker 5: no bitty ball. You're going against lebron Kawhi KD day one.

1221
00:52:33,440 --> 00:52:35,160
Speaker 5: So that's what a practice part comes in.

1222
00:52:35,239 --> 00:52:36,799
Speaker 2: All right, So In the last seven we're gonna talk

1223
00:52:36,800 --> 00:52:40,360
Speaker 2: about your yeah yeah, read paying their platform and some

1224
00:52:40,440 --> 00:52:43,920
Speaker 2: other tips for investors. All right, So this is the

1225
00:52:44,000 --> 00:52:45,719
Speaker 2: question that anybody wants to know, like how much money,

1226
00:52:45,719 --> 00:52:48,959
Speaker 2: what's realistic? And how much money can you make short

1227
00:52:49,000 --> 00:52:50,480
Speaker 2: term trading a ton.

1228
00:52:51,520 --> 00:52:55,280
Speaker 5: So when I first talked to the guy that introduced

1229
00:52:55,280 --> 00:52:56,640
Speaker 5: me to the futures, I'm like, how much can I make?

1230
00:52:56,680 --> 00:52:57,920
Speaker 4: And he was like, well, how much money can you

1231
00:52:57,920 --> 00:52:58,239
Speaker 4: put up?

1232
00:52:58,400 --> 00:53:01,120
Speaker 5: Because that determines how much you can But on a

1233
00:53:01,200 --> 00:53:04,320
Speaker 5: short end, let's say you can trade one hundred shares

1234
00:53:04,680 --> 00:53:07,279
Speaker 5: of the S and P five hundred and you only

1235
00:53:07,320 --> 00:53:10,600
Speaker 5: get one penny worth of movement up or down. That

1236
00:53:10,680 --> 00:53:13,560
Speaker 5: one penny represents twelve fifty. So if you get four

1237
00:53:13,560 --> 00:53:16,600
Speaker 5: present how much twelve fifty two hundred and fifty.

1238
00:53:16,880 --> 00:53:19,600
Speaker 4: So if you get four that would be five thousand.

1239
00:53:19,800 --> 00:53:23,200
Speaker 5: Now, on average, the market will move anywhere from seventy

1240
00:53:23,360 --> 00:53:27,120
Speaker 5: to ninety pennies in a day. I'm telling people only

1241
00:53:27,120 --> 00:53:30,000
Speaker 5: go for one or four to start.

1242
00:53:30,280 --> 00:53:32,440
Speaker 3: That's why you're saying invest first thing in the morning

1243
00:53:32,480 --> 00:53:33,600
Speaker 3: and right before clothes.

1244
00:53:33,480 --> 00:53:35,879
Speaker 5: Yep, because then you have all the volume coming through.

1245
00:53:35,920 --> 00:53:39,120
Speaker 5: And then what bonds is bonds pay more, you can

1246
00:53:39,160 --> 00:53:41,360
Speaker 5: make three four or five six thousand. So even with

1247
00:53:41,440 --> 00:53:43,279
Speaker 5: four texts, if you do fifty shares, you can make

1248
00:53:43,320 --> 00:53:44,160
Speaker 5: three thousand.

1249
00:53:43,880 --> 00:53:44,360
Speaker 4: One hundred.

1250
00:53:44,440 --> 00:53:48,120
Speaker 2: How much money invested, twelve thousand, five hundred, twelve thousand,

1251
00:53:48,160 --> 00:53:52,520
Speaker 2: five hundred invested, Yeah, you can make how muche twenty five?

1252
00:53:52,920 --> 00:53:54,600
Speaker 5: Yeah, and so the more you put in. So people

1253
00:53:54,640 --> 00:53:56,880
Speaker 5: always ask how much should I start with? I'm like,

1254
00:53:56,960 --> 00:53:59,960
Speaker 5: ten grand, twenty five grand. If you can do fifty, great,

1255
00:54:00,160 --> 00:54:02,840
Speaker 5: if you can do one hundred better, Everyone's at different levels.

1256
00:54:02,840 --> 00:54:04,560
Speaker 5: I'm like, but if you don't have ten, you should

1257
00:54:04,560 --> 00:54:06,200
Speaker 5: not be inter day investing at all.

1258
00:54:06,360 --> 00:54:09,359
Speaker 2: Long term investing, yeah, yeah, start there.

1259
00:54:09,520 --> 00:54:12,200
Speaker 5: Like if you don't have ten put away, start with

1260
00:54:12,239 --> 00:54:14,520
Speaker 5: that because Apple in ten years is going to be great.

1261
00:54:15,040 --> 00:54:17,080
Speaker 5: And I think too many people like you said, try

1262
00:54:17,080 --> 00:54:19,520
Speaker 5: and gamble because they're behind. But I'm like, start with

1263
00:54:19,560 --> 00:54:23,680
Speaker 5: the basics. The first level is index funds, second is technology,

1264
00:54:23,680 --> 00:54:25,520
Speaker 5: and then you can go to short term investing.

1265
00:54:25,840 --> 00:54:26,279
Speaker 4: After that.

1266
00:54:26,960 --> 00:54:30,000
Speaker 2: You have a strategy to make three and twenty five

1267
00:54:30,040 --> 00:54:32,839
Speaker 2: dollars in a day trading bond futures. Yeah, I said

1268
00:54:32,960 --> 00:54:34,320
Speaker 2: very specific number.

1269
00:54:35,000 --> 00:54:38,040
Speaker 5: So yeah, because each penny is thirty one twenty five

1270
00:54:38,120 --> 00:54:39,759
Speaker 5: per So you guys can do the math. If you

1271
00:54:39,800 --> 00:54:43,399
Speaker 5: do fifty contracts, you have four pennies times thirty one

1272
00:54:43,440 --> 00:54:47,319
Speaker 5: point twenty five, that gives you thirty one twenty five.

1273
00:54:47,360 --> 00:54:49,520
Speaker 4: So it's a day. Yeah, in a day.

1274
00:54:50,200 --> 00:54:50,839
Speaker 2: How do you do that?

1275
00:54:51,480 --> 00:54:52,960
Speaker 5: So you have place the order. So let's say I

1276
00:54:52,960 --> 00:54:55,600
Speaker 5: think bonds are falling, I will place the order. Let's

1277
00:54:55,600 --> 00:54:59,640
Speaker 5: say at fifty six twenty five the market will there

1278
00:54:59,640 --> 00:55:02,120
Speaker 5: will be tag the way. I have an exit point

1279
00:55:02,360 --> 00:55:05,120
Speaker 5: for those four pennies. I will buy fifty shares of it,

1280
00:55:05,160 --> 00:55:08,000
Speaker 5: and then if it drops that four it automatically takes

1281
00:55:08,040 --> 00:55:09,600
Speaker 5: me out. So you don't have to worry about, well,

1282
00:55:09,600 --> 00:55:11,720
Speaker 5: what if it goes down eight and comes back.

1283
00:55:11,560 --> 00:55:12,759
Speaker 3: To your stop loss? Yeah?

1284
00:55:13,080 --> 00:55:15,600
Speaker 5: Yeah, And then you have a predetermined target. So on

1285
00:55:15,640 --> 00:55:18,480
Speaker 5: every trade you need a predetermined target or a target

1286
00:55:18,480 --> 00:55:20,520
Speaker 5: that you're gonna hit. So think of it like a

1287
00:55:20,560 --> 00:55:22,759
Speaker 5: sales goal. Like once you hit that goal, you have

1288
00:55:22,840 --> 00:55:25,439
Speaker 5: to stop. So a lot of people when they trade,

1289
00:55:25,480 --> 00:55:27,439
Speaker 5: they want to leave the money in all day. It's

1290
00:55:27,480 --> 00:55:29,480
Speaker 5: not designed for that. You have to have a predetermined

1291
00:55:29,480 --> 00:55:32,320
Speaker 5: target in which you will exit, and that four penny

1292
00:55:32,400 --> 00:55:35,560
Speaker 5: or four tick target is the easiest one that you can.

1293
00:55:35,520 --> 00:55:38,000
Speaker 2: Hit, so you put it in and then what's the

1294
00:55:38,040 --> 00:55:41,880
Speaker 2: sales target again? Four pennies four pennies up? Yeah, So

1295
00:55:41,920 --> 00:55:43,520
Speaker 2: if you're buying, you want a four pennies up. If

1296
00:55:43,520 --> 00:55:45,959
Speaker 2: you're shortening, which means you to profit when the market

1297
00:55:46,040 --> 00:55:49,319
Speaker 2: drops four pennies down and then you're golden. So what's

1298
00:55:49,320 --> 00:55:51,080
Speaker 2: the stop loss? All right? Four pennies up? I got that,

1299
00:55:51,120 --> 00:55:52,520
Speaker 2: but what's the stop loss on that? You can set

1300
00:55:52,520 --> 00:55:55,319
Speaker 2: it that eight eight pennies down, yeah, because you have

1301
00:55:55,360 --> 00:55:55,759
Speaker 2: to give us.

1302
00:55:55,680 --> 00:55:56,320
Speaker 4: Some room to breathe.

1303
00:55:56,320 --> 00:55:59,160
Speaker 5: And then when you get into more advanced, higher targets

1304
00:55:59,160 --> 00:56:02,000
Speaker 5: than you would have have four penny target and then

1305
00:56:02,040 --> 00:56:05,839
Speaker 5: now you excuse me, eight tick stop loss and then

1306
00:56:05,960 --> 00:56:07,640
Speaker 5: like a sixty tick profit target.

1307
00:56:07,640 --> 00:56:08,480
Speaker 4: So now you're in.

1308
00:56:08,360 --> 00:56:10,719
Speaker 5: Like a positive risk reward because I can see the

1309
00:56:10,840 --> 00:56:12,360
Speaker 5: wheels spending as an advisor.

1310
00:56:13,320 --> 00:56:15,120
Speaker 4: It's a negative risk of award on a smaller one.

1311
00:56:15,160 --> 00:56:16,839
Speaker 5: But I tell people like, if you have a higher

1312
00:56:16,920 --> 00:56:19,360
Speaker 5: risk of reward, you don't have to win as many trades,

1313
00:56:20,400 --> 00:56:22,560
Speaker 5: because if you have a fifteen to one or ten

1314
00:56:22,560 --> 00:56:24,560
Speaker 5: to one ratio, you can lose seven eight trades and

1315
00:56:24,640 --> 00:56:27,359
Speaker 5: on your ninth trade make all the money back, wipe

1316
00:56:27,400 --> 00:56:29,840
Speaker 5: away your losses and all your losses and then.

1317
00:56:29,719 --> 00:56:34,120
Speaker 3: Being profit one of your strategies having eleven to one.

1318
00:56:34,560 --> 00:56:37,840
Speaker 5: Because you're going to perform bad some days, like everyone

1319
00:56:37,960 --> 00:56:40,719
Speaker 5: isn't able to be emotionally disciplined. You may have a

1320
00:56:40,840 --> 00:56:42,839
Speaker 5: fight with your lady, your kids may bother, you may

1321
00:56:42,840 --> 00:56:45,840
Speaker 5: be tired. So if I tell you to invest in

1322
00:56:45,880 --> 00:56:47,759
Speaker 5: the S and P and it goes up, your first

1323
00:56:47,840 --> 00:56:48,959
Speaker 5: two trades may be bad.

1324
00:56:49,360 --> 00:56:51,799
Speaker 4: Your third one will work out. But if you.

1325
00:56:51,760 --> 00:56:55,400
Speaker 5: Can't out perform math, no matter how much willpower you have.

1326
00:56:56,160 --> 00:56:58,920
Speaker 5: So if you have a one to one risk of reward,

1327
00:56:58,960 --> 00:57:01,799
Speaker 5: you only have one trade to win two to one,

1328
00:57:01,800 --> 00:57:04,160
Speaker 5: you can lose two trades before you're negative. We don't

1329
00:57:04,200 --> 00:57:06,719
Speaker 5: want to risk fifty percent of our money on two

1330
00:57:06,760 --> 00:57:08,680
Speaker 5: trades because that's like playing roulette.

1331
00:57:08,719 --> 00:57:09,840
Speaker 4: Almost at that point.

1332
00:57:09,960 --> 00:57:12,080
Speaker 5: Anybody in here I think can win one trade out

1333
00:57:12,080 --> 00:57:14,200
Speaker 5: of eleven and then still be profitable. It just it's

1334
00:57:14,239 --> 00:57:18,320
Speaker 5: a financial assessment that you'll be able to make to know, Okay,

1335
00:57:18,360 --> 00:57:20,240
Speaker 5: even if only make one out of eleven, I can

1336
00:57:20,280 --> 00:57:22,480
Speaker 5: still be able to profit. Most people are doing one

1337
00:57:22,520 --> 00:57:25,080
Speaker 5: to one ratio, so they'll risk one hundred to make

1338
00:57:25,120 --> 00:57:27,200
Speaker 5: a hundred, and then they lose and now they're out

1339
00:57:27,200 --> 00:57:27,479
Speaker 5: of Montive.

1340
00:57:27,600 --> 00:57:29,720
Speaker 2: So all right, So it's like, you got a thousand

1341
00:57:29,760 --> 00:57:32,320
Speaker 2: dollars to invest most people putting a thousand dollars in

1342
00:57:32,320 --> 00:57:34,520
Speaker 2: one investment, You should do that, and they just rolling

1343
00:57:34,560 --> 00:57:35,040
Speaker 2: the dice for it.

1344
00:57:35,080 --> 00:57:37,080
Speaker 5: I mean, we've all heard don't put your eggs in

1345
00:57:37,120 --> 00:57:39,120
Speaker 5: one basket. And then when it comes to financial stuff

1346
00:57:39,320 --> 00:57:39,560
Speaker 5: is like.

1347
00:57:39,760 --> 00:57:42,120
Speaker 2: All the handsight, yeah goes out the way you're saying,

1348
00:57:42,160 --> 00:57:43,600
Speaker 2: if you have a thousand dollars, you should never put

1349
00:57:43,720 --> 00:57:45,280
Speaker 2: ninety more than ninety.

1350
00:57:45,480 --> 00:57:48,040
Speaker 5: No, yeah, because you want to cap the risk on

1351
00:57:48,080 --> 00:57:51,120
Speaker 5: every trade. So if you lose the ninety on a thousand,

1352
00:57:51,200 --> 00:57:53,080
Speaker 5: it's not going to ruin your day. If you lose

1353
00:57:53,080 --> 00:57:55,360
Speaker 5: eight to fifty out of a thousand, you're going to

1354
00:57:55,360 --> 00:57:57,880
Speaker 5: be pissed. You're going to be pissed. And that's true

1355
00:57:57,880 --> 00:58:00,360
Speaker 5: of every business. So we know we need to bring

1356
00:58:00,360 --> 00:58:02,400
Speaker 5: in customers at a certain rate. There's a certain amount

1357
00:58:02,440 --> 00:58:04,760
Speaker 5: you can spend on ads for that. These numbers are

1358
00:58:04,760 --> 00:58:05,920
Speaker 5: true in every business.

1359
00:58:07,400 --> 00:58:09,560
Speaker 3: On a good week, right the market's out. If we're

1360
00:58:09,560 --> 00:58:11,160
Speaker 3: doing the thirty one to twenty five strategy, we're talking

1361
00:58:11,200 --> 00:58:13,840
Speaker 3: them over fifteen thousand a week at that point we're

1362
00:58:13,840 --> 00:58:16,600
Speaker 3: doing this full time. At what point do you become

1363
00:58:16,600 --> 00:58:18,360
Speaker 3: a master and you can now do this full time.

1364
00:58:19,040 --> 00:58:21,800
Speaker 5: It depends on what your what your financial targets are.

1365
00:58:21,920 --> 00:58:23,959
Speaker 5: So for me, what's made it easier is like being

1366
00:58:24,000 --> 00:58:26,320
Speaker 5: really disciplined. So my grandmother used to say, like, baby,

1367
00:58:26,360 --> 00:58:29,000
Speaker 5: pay down on your debt, no credit cards.

1368
00:58:28,680 --> 00:58:30,960
Speaker 4: Out the grandma, Yeah, I know. And then Dave.

1369
00:58:30,880 --> 00:58:32,800
Speaker 5: Ramsey got super popular, and I'm like, this all the

1370
00:58:32,840 --> 00:58:33,800
Speaker 5: stuff my grandma told me.

1371
00:58:33,880 --> 00:58:35,880
Speaker 3: Yeah, I wrote one close. She was like, negative thoughts

1372
00:58:35,920 --> 00:58:38,680
Speaker 3: have negative actions with these negative results, yeah, it seems

1373
00:58:38,680 --> 00:58:39,480
Speaker 3: reversal positive.

1374
00:58:39,560 --> 00:58:41,200
Speaker 4: And I didn't want to hear it. She of like,

1375
00:58:41,240 --> 00:58:42,680
Speaker 4: altitude determines your altitude.

1376
00:58:42,680 --> 00:58:44,280
Speaker 5: I'm like, I do not want to hear that, but

1377
00:58:44,320 --> 00:58:47,480
Speaker 5: as an adult, it's very true. And then we have

1378
00:58:47,640 --> 00:58:51,120
Speaker 5: so much stress in our household because financially we're upside down.

1379
00:58:51,120 --> 00:58:53,280
Speaker 5: Like I remember when we were broke, our family would

1380
00:58:53,280 --> 00:58:56,600
Speaker 5: fight about everything, the remote control, who gets to watch

1381
00:58:56,600 --> 00:59:00,000
Speaker 5: the TV when we would go out. Having financial freedom

1382
00:59:00,080 --> 00:59:02,080
Speaker 5: takes that away. So a lot of times people think

1383
00:59:02,120 --> 00:59:03,480
Speaker 5: they need to earn more. I'm like, you need to

1384
00:59:03,560 --> 00:59:06,120
Speaker 5: knock that them debt down and quit overspending. And that's

1385
00:59:06,120 --> 00:59:07,960
Speaker 5: a hard part and we all know it. As you

1386
00:59:08,000 --> 00:59:11,760
Speaker 5: get more money, that income crete happens, and then now

1387
00:59:11,760 --> 00:59:14,120
Speaker 5: it's like, Okay, I don't want the bands anymore. I

1388
00:59:14,200 --> 00:59:16,520
Speaker 5: want the Bentley, but the cost of soche with it

1389
00:59:16,560 --> 00:59:19,400
Speaker 5: and repairs are tough upgraded in the household. You have

1390
00:59:19,480 --> 00:59:21,680
Speaker 5: to keep the debt down first and then you won't

1391
00:59:21,760 --> 00:59:23,320
Speaker 5: need to make as much. But you can go full

1392
00:59:23,320 --> 00:59:26,040
Speaker 5: time after you're discipline and you constantly have hit those

1393
00:59:26,040 --> 00:59:27,320
Speaker 5: same numbers over and over again.

1394
00:59:27,760 --> 00:59:30,000
Speaker 2: Dave Ramsey made a half a billion dollars by telling

1395
00:59:30,040 --> 00:59:33,360
Speaker 2: people not to use any debt. That's it smart.

1396
00:59:33,400 --> 00:59:36,160
Speaker 4: But look number one, follow seven step system.

1397
00:59:36,440 --> 00:59:39,720
Speaker 5: He followed the same system over and over again. Yea,

1398
00:59:40,240 --> 00:59:42,439
Speaker 5: over and repeat it the same message. So it goes

1399
00:59:42,440 --> 00:59:44,320
Speaker 5: back to say the same thing. With trading, you gotta

1400
00:59:44,320 --> 00:59:46,400
Speaker 5: follow the same plan. And Day's been saying the same

1401
00:59:46,440 --> 00:59:50,680
Speaker 5: thing like thirty years, very few changes to it. So

1402
00:59:50,840 --> 00:59:55,760
Speaker 5: most importantly, like take what I'm saying and to everyone watching,

1403
00:59:55,920 --> 00:59:59,520
Speaker 5: like follow what the top five companies do. Apples systems

1404
00:59:59,520 --> 01:00:02,880
Speaker 5: are down, they only have a few products. Manufacturings are incredible.

1405
01:00:03,040 --> 01:00:06,080
Speaker 5: They are following the same blueprint. That's why everyone jokes like, man,

1406
01:00:06,120 --> 01:00:08,200
Speaker 5: they're just putting out the same phone again. But I'm like,

1407
01:00:08,280 --> 01:00:10,600
Speaker 5: if three million people are buying them, and I bought

1408
01:00:10,680 --> 01:00:13,360
Speaker 5: the new phone when it came out, why change it?

1409
01:00:13,920 --> 01:00:14,560
Speaker 4: Why change it?

1410
01:00:14,600 --> 01:00:15,360
Speaker 2: Stick to the script?

1411
01:00:15,440 --> 01:00:15,640
Speaker 4: Yep.

1412
01:00:15,920 --> 01:00:18,600
Speaker 2: So all right, so can you talk about your platform

1413
01:00:18,640 --> 01:00:19,160
Speaker 2: Red Panda?

1414
01:00:19,480 --> 01:00:22,680
Speaker 5: Yeah, so Red Panda is my baby that was birthed

1415
01:00:22,760 --> 01:00:25,800
Speaker 5: by accident because I never intended to show anyone my blueprint.

1416
01:00:26,080 --> 01:00:27,880
Speaker 5: So we have a couple of different programs for people

1417
01:00:27,920 --> 01:00:30,480
Speaker 5: that are interested to learn how to invest. If you're

1418
01:00:30,520 --> 01:00:33,520
Speaker 5: not financially stable, you should not be interday or short

1419
01:00:33,600 --> 01:00:34,360
Speaker 5: term investing at all.

1420
01:00:34,440 --> 01:00:35,200
Speaker 4: Always start there.

1421
01:00:35,800 --> 01:00:39,440
Speaker 5: So my foundation, of course is long term investing first,

1422
01:00:39,760 --> 01:00:41,480
Speaker 5: but I have a couple of different programs like Alpha

1423
01:00:41,520 --> 01:00:44,000
Speaker 5: is a more expensive program that teaches you how to

1424
01:00:44,040 --> 01:00:46,120
Speaker 5: make between ten to twenty five grand in a month,

1425
01:00:46,480 --> 01:00:49,920
Speaker 5: and then the one K program is the program that's

1426
01:00:49,960 --> 01:00:53,120
Speaker 5: really like I probably have maybe six hundred students in

1427
01:00:53,160 --> 01:00:55,480
Speaker 5: their program, and majority of are black women. So I

1428
01:00:55,520 --> 01:00:58,880
Speaker 5: saw avoid that a lot of people were talking about

1429
01:00:58,920 --> 01:01:02,440
Speaker 5: investing but not teaching us because they need someone like

1430
01:01:02,520 --> 01:01:04,880
Speaker 5: us that they can relate to to be able to

1431
01:01:05,800 --> 01:01:07,760
Speaker 5: show them how to be able to do it. So

1432
01:01:08,640 --> 01:01:10,600
Speaker 5: I've had an incredible run with the women in the

1433
01:01:10,640 --> 01:01:12,880
Speaker 5: program and been able to get some great results for them.

1434
01:01:12,880 --> 01:01:15,400
Speaker 5: But the one K a day program is designed to

1435
01:01:15,480 --> 01:01:18,200
Speaker 5: help you learn how to trade futures and when you

1436
01:01:18,240 --> 01:01:19,600
Speaker 5: do trade, you can make.

1437
01:01:19,440 --> 01:01:21,640
Speaker 4: A thousand dollars in a day and then you'll be good.

1438
01:01:22,080 --> 01:01:24,320
Speaker 3: So you got six hundred students, what's the success rate?

1439
01:01:24,360 --> 01:01:25,960
Speaker 3: Are they coming to you, like, is there a massimind

1440
01:01:25,960 --> 01:01:29,800
Speaker 3: class where everybody's discussing their results or it's.

1441
01:01:29,880 --> 01:01:31,960
Speaker 5: Like in pods of like two hundred they'll come in

1442
01:01:32,160 --> 01:01:33,840
Speaker 5: and then so it's the same eighty twenty rule, like

1443
01:01:33,880 --> 01:01:36,880
Speaker 5: eighty percent will do great, twenty percent won't follow the

1444
01:01:36,960 --> 01:01:38,480
Speaker 5: rules and then they won't do well.

1445
01:01:38,520 --> 01:01:40,640
Speaker 4: So nothing has one hundred percent success rate.

1446
01:01:40,920 --> 01:01:42,680
Speaker 5: But if you come in and follow the blueprint a plan,

1447
01:01:43,160 --> 01:01:47,680
Speaker 5: and I've posted this year probably one hundred and fifty testimonials,

1448
01:01:47,720 --> 01:01:49,880
Speaker 5: and I tell people anytime, like, if you don't, don't

1449
01:01:49,880 --> 01:01:52,240
Speaker 5: believe me, because I know from outside looking in and

1450
01:01:52,280 --> 01:01:55,400
Speaker 5: sound like some bullshit, But I'm like, if I was

1451
01:01:55,440 --> 01:01:56,240
Speaker 5: doing something wrong.

1452
01:01:56,120 --> 01:01:57,760
Speaker 4: And they weren't women, it weren't winning.

1453
01:01:57,960 --> 01:01:59,960
Speaker 5: Black women will tell you because most of them are

1454
01:02:00,040 --> 01:02:01,200
Speaker 5: black women in the program.

1455
01:02:01,560 --> 01:02:04,200
Speaker 4: So the results have been posted a year after year.

1456
01:02:04,240 --> 01:02:06,600
Speaker 3: Now are they trading for themselves inside the program or

1457
01:02:06,600 --> 01:02:07,520
Speaker 3: are you doing the trade.

1458
01:02:07,320 --> 01:02:09,240
Speaker 5: They're trading for them So on our call, we have

1459
01:02:09,280 --> 01:02:12,000
Speaker 5: a daily call on every day chat Monday through Friday.

1460
01:02:12,000 --> 01:02:14,280
Speaker 5: Like I'll call out spots where they should not get

1461
01:02:14,280 --> 01:02:17,000
Speaker 5: in because they are either buying too high or they're

1462
01:02:17,000 --> 01:02:19,760
Speaker 5: trying to shorter low, but they're doing it for themselves.

1463
01:02:19,760 --> 01:02:22,200
Speaker 5: So even like like Monica is one of my students,

1464
01:02:22,280 --> 01:02:24,600
Speaker 5: she took seven hundred and turned that to twelve thousand.

1465
01:02:25,560 --> 01:02:27,800
Speaker 4: Angi's making a thousand dollars a day.

1466
01:02:27,840 --> 01:02:30,280
Speaker 5: She's been with me about six weeks. And then one

1467
01:02:30,320 --> 01:02:33,600
Speaker 5: of my students, Carry who's from my home county. She's

1468
01:02:33,640 --> 01:02:35,760
Speaker 5: probably my best student in the program. Like her win

1469
01:02:35,840 --> 01:02:39,400
Speaker 5: percentage is now is eighty nine percent for four months,

1470
01:02:39,400 --> 01:02:40,400
Speaker 5: so what she's doing incredible.

1471
01:02:40,400 --> 01:02:42,160
Speaker 3: One of your rules is that you never want to

1472
01:02:42,200 --> 01:02:43,160
Speaker 3: buy in the middle.

1473
01:02:43,320 --> 01:02:46,160
Speaker 5: Camp because because a moving average literally tells you what

1474
01:02:46,200 --> 01:02:48,720
Speaker 5: it is you're buying at an average price, I want to buy.

1475
01:02:48,560 --> 01:02:50,640
Speaker 4: It extremes so extreme low.

1476
01:02:50,720 --> 01:02:54,320
Speaker 5: So like when the Iran stuff happened or any there's

1477
01:02:54,360 --> 01:02:56,160
Speaker 5: a hard push down in the market, I'm like buy

1478
01:02:56,640 --> 01:03:00,160
Speaker 5: stocks then during times of crisis, because then they're going

1479
01:03:00,200 --> 01:03:02,240
Speaker 5: to shoot back up. Most people buy in the middle

1480
01:03:02,240 --> 01:03:05,600
Speaker 5: when the market is doing okay, or Google had all

1481
01:03:05,640 --> 01:03:06,880
Speaker 5: time high and people are like, well, I need to

1482
01:03:06,880 --> 01:03:09,320
Speaker 5: buy Google today. I'm like, you're buying too high. So

1483
01:03:10,160 --> 01:03:12,439
Speaker 5: we all know on Black Friday that's when the deals are.

1484
01:03:12,600 --> 01:03:15,120
Speaker 5: When the market falls apart, that's the time to buy.

1485
01:03:15,440 --> 01:03:17,400
Speaker 5: You don't want to buy when everything is at its

1486
01:03:17,440 --> 01:03:20,080
Speaker 5: highest price, and we all know to do that, but

1487
01:03:20,160 --> 01:03:23,040
Speaker 5: it's the emotion part and then emotional discipline to actually

1488
01:03:23,080 --> 01:03:25,040
Speaker 5: do it, because it's scary as hell. When the market

1489
01:03:25,120 --> 01:03:27,880
Speaker 5: is falling five hundred points and I'm like, Okay, should

1490
01:03:27,880 --> 01:03:30,520
Speaker 5: I buy today, that's when it's on sale. I ask

1491
01:03:30,560 --> 01:03:32,840
Speaker 5: every woman if I can get you the lubetons for

1492
01:03:32,880 --> 01:03:36,120
Speaker 5: two fifty instead of the fifteen hundred which you get them. Yes,

1493
01:03:36,320 --> 01:03:39,120
Speaker 5: it's the same theory, but when we invest, you're buying

1494
01:03:39,120 --> 01:03:42,760
Speaker 5: them at seventeen hundred instead of fifteen hundred. You're over pain,

1495
01:03:43,280 --> 01:03:44,880
Speaker 5: you over paying, and they're crazy. And you know this

1496
01:03:44,960 --> 01:03:48,040
Speaker 5: being an advisor. There's like many crashes that happen every month,

1497
01:03:48,640 --> 01:03:51,240
Speaker 5: so everyone's been waiting for a big recession that happen

1498
01:03:51,280 --> 01:03:54,120
Speaker 5: because they want to recreate the big short a crash

1499
01:03:54,120 --> 01:03:56,959
Speaker 5: happens every month. There hasn't been one month and where

1500
01:03:57,080 --> 01:04:00,439
Speaker 5: stocks and the index funds have not come downple don't

1501
01:04:00,440 --> 01:04:02,600
Speaker 5: have the discipline to wait and just say, Okay, when

1502
01:04:02,640 --> 01:04:05,080
Speaker 5: we dropped five hundred points on a dot or thousand,

1503
01:04:05,120 --> 01:04:06,840
Speaker 5: I'm going to buy that day, that's the time to

1504
01:04:06,840 --> 01:04:07,600
Speaker 5: buy it because it's on.

1505
01:04:07,640 --> 01:04:08,480
Speaker 2: So by low.

1506
01:04:08,600 --> 01:04:10,520
Speaker 4: So it's the same strategy over there.

1507
01:04:10,600 --> 01:04:14,680
Speaker 2: And most people, you know, they buy hid and so low. Yep,

1508
01:04:15,160 --> 01:04:17,960
Speaker 2: most people do Yep. Some emotions. Nobody wants to fomo

1509
01:04:18,360 --> 01:04:21,600
Speaker 2: missing absolutely. Nobody wants to feel like it's like bitcoin.

1510
01:04:21,640 --> 01:04:24,720
Speaker 2: Perfect example, most people brought bitcoin at nineteen eighteen thousand

1511
01:04:25,160 --> 01:04:26,760
Speaker 2: and then they sold it at three thousand because they

1512
01:04:26,760 --> 01:04:28,120
Speaker 2: thought it was gonna go to zero and they didn't

1513
01:04:28,120 --> 01:04:29,320
Speaker 2: want to have like a complete loss.

1514
01:04:29,400 --> 01:04:30,440
Speaker 4: Yeah.

1515
01:04:31,040 --> 01:04:33,360
Speaker 2: Logic goes out the window when emotions come into.

1516
01:04:33,200 --> 01:04:34,880
Speaker 4: Play and money's in play too. Yeah.

1517
01:04:35,840 --> 01:04:38,520
Speaker 2: Ye man, it's been a pleasure. It's a thank you

1518
01:04:38,560 --> 01:04:39,400
Speaker 2: for rocking with us.

1519
01:04:39,520 --> 01:04:39,720
Speaker 8: Man.

1520
01:04:39,800 --> 01:04:43,400
Speaker 2: Can you tell the people how to contact you social

1521
01:04:43,400 --> 01:04:44,360
Speaker 2: media handles and all that.

1522
01:04:44,560 --> 01:04:47,200
Speaker 5: Yeah, my ig is the master investor on Facebook. You

1523
01:04:47,200 --> 01:04:48,800
Speaker 5: can just look me up Ian Donlap LinkedIn.

1524
01:04:49,160 --> 01:04:51,040
Speaker 4: You can look me up. The site is joint Redpanda

1525
01:04:51,080 --> 01:04:51,640
Speaker 4: dot com.

1526
01:04:51,880 --> 01:04:53,919
Speaker 5: If you type in your name and email, I'll add

1527
01:04:53,920 --> 01:04:55,920
Speaker 5: you to the VP list watching out some information and

1528
01:04:55,960 --> 01:04:59,640
Speaker 5: then if you put that you listen from earlier leisure,

1529
01:04:59,680 --> 01:05:02,360
Speaker 5: I'll do a free webinar why I don't sell anything

1530
01:05:02,360 --> 01:05:05,200
Speaker 5: and just teach for thirty minutes. So whenever this comes

1531
01:05:05,200 --> 01:05:06,840
Speaker 5: out a month later, I'll do that. But I want

1532
01:05:06,840 --> 01:05:08,280
Speaker 5: to tell you guys, thank you. I've been following you

1533
01:05:08,280 --> 01:05:09,000
Speaker 5: guys for a long time.

1534
01:05:09,040 --> 01:05:09,600
Speaker 3: Appreciate that.

1535
01:05:09,720 --> 01:05:11,560
Speaker 5: I appreciate you off for being cool and putting out

1536
01:05:11,600 --> 01:05:12,520
Speaker 5: the information that you do.

1537
01:05:12,760 --> 01:05:15,920
Speaker 2: I appreciate that. Yeah. And then also we'll have the

1538
01:05:16,040 --> 01:05:18,840
Speaker 2: link in our YouTube if you watch this on YouTube

1539
01:05:18,960 --> 01:05:22,080
Speaker 2: and the bio and then if you're listening to it

1540
01:05:22,120 --> 01:05:24,960
Speaker 2: on Apple, Spotify or whatever, in the description will have

1541
01:05:24,960 --> 01:05:28,320
Speaker 2: a link to Yeah, your platform as well, if people

1542
01:05:28,320 --> 01:05:30,720
Speaker 2: are interested in and learning more about your platform.

1543
01:05:30,720 --> 01:05:32,200
Speaker 5: And I want to say this, soak up all the

1544
01:05:32,240 --> 01:05:34,640
Speaker 5: information that they put out, because ten years ago it

1545
01:05:34,680 --> 01:05:37,160
Speaker 5: probably would have cost them four or five hundred thousands

1546
01:05:37,160 --> 01:05:39,400
Speaker 5: to put the same material out. And I wish there

1547
01:05:39,400 --> 01:05:41,840
Speaker 5: were some more brothers I could have listened to. Two

1548
01:05:41,920 --> 01:05:44,440
Speaker 5: thousand and five, two thousand and four that would have

1549
01:05:44,480 --> 01:05:46,480
Speaker 5: put out this kind of information. So seriously, like I'm

1550
01:05:46,480 --> 01:05:49,760
Speaker 5: not asking and I really appreciate all the amazing content

1551
01:05:49,840 --> 01:05:54,400
Speaker 5: you guys have put out, So prescribe to the YouTube podcast.

1552
01:05:54,440 --> 01:05:56,600
Speaker 5: Listen every week because there's some gyms in here, like

1553
01:05:56,680 --> 01:05:58,760
Speaker 5: even for a console, like I charged two grands our console,

1554
01:05:59,320 --> 01:06:01,640
Speaker 5: like I'm giving it free, like Wall Street Trapper came

1555
01:06:01,640 --> 01:06:03,640
Speaker 5: on here, gave some great information. There's a ton of

1556
01:06:03,680 --> 01:06:06,600
Speaker 5: great people who are given because we want to. So

1557
01:06:07,000 --> 01:06:11,040
Speaker 5: once again, thank you guys, appreciate Town Houston.

1558
01:06:11,080 --> 01:06:11,720
Speaker 2: Will be back soon.

1559
01:06:13,880 --> 01:06:16,040
Speaker 3: Yeah, shout to everybody on patreon dot com. We got

1560
01:06:16,400 --> 01:06:18,160
Speaker 3: a new one right before we came on and did

1561
01:06:18,160 --> 01:06:22,520
Speaker 3: this episode. Shout out to our hometown boy, chestnut key On. Yeah,

1562
01:06:22,560 --> 01:06:25,600
Speaker 3: he joined on Tier four be e y L. Shout

1563
01:06:25,720 --> 01:06:27,200
Speaker 3: to my boy. We went to the school together, we

1564
01:06:27,240 --> 01:06:30,600
Speaker 3: brought together play ball together, So shout out to him.

1565
01:06:30,600 --> 01:06:33,280
Speaker 3: He's a Tier four member. And as you can see now,

1566
01:06:33,600 --> 01:06:36,520
Speaker 3: our Patreon has been revamped, so there's some new features

1567
01:06:36,600 --> 01:06:39,280
Speaker 3: that that are there for you. And he has access

1568
01:06:39,320 --> 01:06:42,120
Speaker 3: to e y L University, you know, almost as importantly

1569
01:06:42,320 --> 01:06:44,920
Speaker 3: has joined the Patreon, so that is our online school.

1570
01:06:44,960 --> 01:06:47,240
Speaker 3: You know, we do three courses a week. Monday is

1571
01:06:47,600 --> 01:06:51,040
Speaker 3: more real estate base, Wednesday is our guest webinar, and

1572
01:06:51,080 --> 01:06:54,160
Speaker 3: Thursday is always myself and Shoty doing something related to business.

1573
01:06:54,480 --> 01:06:56,520
Speaker 3: And so shout out at him for joining and everybody

1574
01:06:56,560 --> 01:06:59,400
Speaker 3: that's been on there kicking it with us and ask

1575
01:06:59,480 --> 01:07:01,840
Speaker 3: him questions and doing all that. Man, it's been fun.

1576
01:07:02,040 --> 01:07:06,240
Speaker 2: Yo University is an online platform, educational platform. You got

1577
01:07:06,320 --> 01:07:08,200
Speaker 2: to teach a class for us, I'll be happy to

1578
01:07:09,080 --> 01:07:12,000
Speaker 2: we bring. We bring different lecturers on and it's it's

1579
01:07:12,040 --> 01:07:14,480
Speaker 2: dope because it's in zoom, so people ask questions in

1580
01:07:14,520 --> 01:07:16,919
Speaker 2: real time and it's a dope experience. So it's something

1581
01:07:16,920 --> 01:07:19,520
Speaker 2: that we're really excited about. And that's three days a week.

1582
01:07:19,520 --> 01:07:21,840
Speaker 2: We do different classes on all different topics, bring different

1583
01:07:21,840 --> 01:07:24,960
Speaker 2: people in. So yeah, Eyo University is an extension of

1584
01:07:24,960 --> 01:07:27,320
Speaker 2: the podcast. Is a little bit more, way more interactive.

1585
01:07:28,400 --> 01:07:32,400
Speaker 2: So yeah, Eyo University. And then the merch ascets of

1586
01:07:32,480 --> 01:07:37,840
Speaker 2: a liabilities Yeah, yea, gotcha, you gotta we're out of

1587
01:07:37,840 --> 01:07:39,600
Speaker 2: it order right now, but we as soon as we

1588
01:07:39,680 --> 01:07:42,840
Speaker 2: read that, we got you. And yeah, the book tip

1589
01:07:42,880 --> 01:07:47,120
Speaker 2: of this week is Technical Analysis Explained. I thought that

1590
01:07:47,120 --> 01:07:49,560
Speaker 2: would be a good fitting book. I read that book.

1591
01:07:49,600 --> 01:07:52,320
Speaker 2: And that's if you're interested in about you know, especially

1592
01:07:52,400 --> 01:07:55,439
Speaker 2: short term trading, technical analysis like reading charts. We even

1593
01:07:55,480 --> 01:07:57,920
Speaker 2: talk about that. But that's something you know to be

1594
01:07:58,000 --> 01:08:02,040
Speaker 2: aware of, Yeah, to be aware of definitely. Oh and

1595
01:08:02,240 --> 01:08:04,440
Speaker 2: uh yeah, don't forget to subscribe to our YouTube.

1596
01:08:04,640 --> 01:08:09,320
Speaker 3: Subscribe comment like writer, review, the reviews, great share, tell

1597
01:08:09,320 --> 01:08:10,400
Speaker 3: a friend to tell afriend.

1598
01:08:10,160 --> 01:08:11,120
Speaker 2: Tell a friend to telefriend.

1599
01:08:11,160 --> 01:08:11,720
Speaker 3: That's the fact.

1600
01:08:11,800 --> 01:08:14,560
Speaker 2: And then yes, thank you guys, rocking with us. We'll

1601
01:08:14,560 --> 01:08:15,240
Speaker 2: see you next week.

1602
01:08:15,320 --> 01:08:17,519
Speaker 4: Peace, love you all, thank you, Welcome to alumna. Thank

1603
01:08:17,560 --> 01:08:18,599
Speaker 4: you brother, I appreciate it.

1604
01:08:19,280 --> 01:08:23,200
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