WEBVTT - Study Hall: KEYS TO LONG TERM STOCK INVESTING

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<v Speaker 1>all you need.

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<v Speaker 2>COVID cases are spiking and this is going to be

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<v Speaker 2>a little repeat of twenty twenty, and I need you

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<v Speaker 2>to get prepared. So for those of you that are

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<v Speaker 2>conspiracy theorists, they listen to Alex Jones all day. Sorry.

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<v Speaker 2>Almost four hundred thousand people have died. This thing is

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<v Speaker 2>real and it's getting worse now. This is the scary part.

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<v Speaker 2>The second version or the second iteration of COVID spreads

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<v Speaker 2>faster than the original. So I want you to write

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<v Speaker 2>these golden rules down because we are in a new normal.

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<v Speaker 2>We will never go back to the old model. So

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<v Speaker 2>for those of you who are in the workforce before

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<v Speaker 2>two thousand and seven, when the Great Recession hit, it

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<v Speaker 2>changed how business was done forever. I remember even going

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<v Speaker 2>to college in two thousand and it was like, man,

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<v Speaker 2>if you graduate, you're guarantee the job. And then the

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<v Speaker 2>Great Recession hit and that got wiped away. Twenty twenty

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<v Speaker 2>is come and we'll talk about it later. The era

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<v Speaker 2>that we're entering in now so before is the information age.

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<v Speaker 2>Where we are in a new age now. But here's

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<v Speaker 2>the thing that I want you to do. If you

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<v Speaker 2>are working, please write this down right now. For every

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<v Speaker 2>dollar that your company pays you, you need to know

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<v Speaker 2>how much of a return you are giving them, because

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<v Speaker 2>it's the only thing that it's going to give you

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<v Speaker 2>any security with that company or when it's time to

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<v Speaker 2>apply for another job. Secondarily, I want to focus on this.

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<v Speaker 2>You have to break up your time into quadrants of

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<v Speaker 2>four and you have to have a time for work

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<v Speaker 2>a time for play. I'll tell you like this, never

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<v Speaker 2>have I been to the funeral and once thought about

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<v Speaker 2>business when I was there. And companies will not care

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<v Speaker 2>about you as much. And everyone has seen the meme.

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<v Speaker 2>If you die today tomorrow you know your job will

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<v Speaker 2>be on a job board. And that is very true.

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<v Speaker 2>So as we enter this new normal and things are

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<v Speaker 2>not going back to how they were before, I want

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<v Speaker 2>you to pick your own balance for how things are

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<v Speaker 2>going to be governed and then in this era for

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<v Speaker 2>you and your family. One of the biggest trading lessons

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<v Speaker 2>of the week. So all my traders, get your pans out,

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<v Speaker 2>We'll get your phone out and screenshot this. Once you

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<v Speaker 2>have a major loss, you have to cut your losses

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<v Speaker 2>and stop. So number one, I want you to take

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<v Speaker 2>a break for a week, and after two days, I

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<v Speaker 2>need you to look at the recording and see what

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<v Speaker 2>went wrong. So if you go through the book Market Wizards,

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<v Speaker 2>which is probably my favorite book on trading, one of

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<v Speaker 2>the biggest things that people talk about is when they

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<v Speaker 2>have a big loss, you almost feel like you're in

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<v Speaker 2>a tornado and you don't know what happened and emotions

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<v Speaker 2>kick in. But like a player would postgame, you need

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<v Speaker 2>to go through and look at the footage to see

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<v Speaker 2>what went wrong, what happened wrong on what you can

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<v Speaker 2>do differently so that does not happen again. And number one,

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<v Speaker 2>Number two, if you are a trader and you are

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<v Speaker 2>winning less than fifty percent of your trades, please write

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<v Speaker 2>this risk to reward ratio down. I want you to

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<v Speaker 2>risk one to make twenty two. Please type in chat

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<v Speaker 2>what percentage do you need to be at in order

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<v Speaker 2>to be profitable? If that is your risk of reward. Now,

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<v Speaker 2>not all products are going to allow you to do that,

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<v Speaker 2>but now as that dal Russell on the future side

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<v Speaker 2>will allow you to do so, you need to risk

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<v Speaker 2>one to make twenty two. So even if you are

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<v Speaker 2>a bad trader from a stat's perspective, you still need

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<v Speaker 2>to be able to make money and know what the

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<v Speaker 2>probability is of your trading. I don't know, some of

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<v Speaker 2>you are gonna kill me, but look, if UFOs are real,

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<v Speaker 2>then a space exploration will be the next frontier. So

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<v Speaker 2>a couple of weeks ago, on ig I was posting

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<v Speaker 2>all these conspiracy videos about UFOs, right and then behind

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<v Speaker 2>the scenes you can see there are a couple of

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<v Speaker 2>tickers up here. Go look at the ticker UFO, the

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<v Speaker 2>ticker are okay t Rocket. And then of course the

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<v Speaker 2>amazing Kathy Woods has her own which is going to

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<v Speaker 2>focus on space expiration. I think over the next ten

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<v Speaker 2>years there'll be some incredible revelations. But of course Amazon

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<v Speaker 2>and Tesla are already there. Whenever SpaceX goes public, I'm

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<v Speaker 2>gonna be biased towards them because Elon is a great

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<v Speaker 2>But look at these two ticker symbols. Tonight question for you,

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<v Speaker 2>I need you to write this in chat. Have you

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<v Speaker 2>made more money from long term holding or from trading?

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<v Speaker 2>Kirk put up a great comment last week. I was

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<v Speaker 2>told by my uncle, an investor worth a high eight figures,

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<v Speaker 2>what to do with my money. Only buy grown companies

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<v Speaker 2>and hold them. Do not trade. You will regret doing that. Now.

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<v Speaker 2>Twenty percent of people that begin trading stick around for

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<v Speaker 2>more than a year. Out of that twenty only ten

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<v Speaker 2>percent stay around for five years. Here's a great thing, though,

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<v Speaker 2>Even if you never learn how to trade, keep your

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<v Speaker 2>money in the market for a long enough period. A

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<v Speaker 2>ten year old is ideal. You'll beat most people that

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<v Speaker 2>are actually trading, because most traders blow up their account

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<v Speaker 2>and give all their money back. So I know there's

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<v Speaker 2>a lot of other things that are sexy, but the

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<v Speaker 2>tried and true formula here is to hold for ten years,

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<v Speaker 2>and if you can hold for thirty that would be

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<v Speaker 2>absolutely incredible in terms of selectivity in terms of your allocation.

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<v Speaker 2>For every twenty investments you see, you have to say

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<v Speaker 2>no to nineteen of them. So for weeks we've talked

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<v Speaker 2>about fundamentally what I look at when I assess the company,

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<v Speaker 2>and we'll talk about another one tonight. But when I'm

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<v Speaker 2>going through and comparing companies to the primary ones that

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<v Speaker 2>I like, they have to trump the ones that I

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<v Speaker 2>have already, and if they don't, you have to let

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<v Speaker 2>it go. Sometimes because of the amount of media we're

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<v Speaker 2>taking in, we're like, hey, let me just jump in

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<v Speaker 2>this one and let's see how it pans out. But

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<v Speaker 2>remember the number of shares that we own is more

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<v Speaker 2>important than the price we particularly got in, and we

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<v Speaker 2>want to focus on a few concentrated quality companies opposed

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<v Speaker 2>to having thirty five in a portfolio trading lesson number three.

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<v Speaker 2>And for traders, our point of reflection and insights usually

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<v Speaker 2>happen on the days that we have off, So the

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<v Speaker 2>future is mark. It was open for a half a day.

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<v Speaker 2>The volume wasn't that high. But the secret is cutting

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<v Speaker 2>down the number of trades you take for the year,

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<v Speaker 2>so you can follow this simple matrix. First quarter, want

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<v Speaker 2>you to take twelve. Second quarter, I want you to

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<v Speaker 2>take twelve trades. Third quarter, twelve, fourth quarter. You already

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<v Speaker 2>have an assessment for how the year went. Either we're

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<v Speaker 2>super bulish, super barish, or we were ranging fourth quarter.

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<v Speaker 2>You can double the amount of trades and do twenty four.

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<v Speaker 2>But too many people trade like they're gambling in Vegas,

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<v Speaker 2>opposed to running it like a business. You want to

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<v Speaker 2>treat tradeing like a business year in and year out.

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<v Speaker 2>Please put trade like it's a business in chat. The

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<v Speaker 2>top ten apps to twenty twenty, now look at these.

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<v Speaker 2>Zoom number one, which we're on now, and they're gradually improving.

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<v Speaker 2>TikTok right, Third is Disney Plus, fourth is YouTube owned

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<v Speaker 2>by Google. Then Instagram and Facebook. But the thing I

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<v Speaker 2>want you to notice how Instagram and Facebook are falling

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<v Speaker 2>out of favor. Josh last week talked about how Facebook

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<v Speaker 2>is a communication company and also for those of you

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<v Speaker 2>that are insiders on in the industry, you know that

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<v Speaker 2>Zuckerberg is not the most favorable CEO for whatever reason.

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<v Speaker 2>I don't know if because he blew off Wall Street

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<v Speaker 2>week they haven't liked him since then. He isn't the

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<v Speaker 2>darling entrepreneur and CEO that some of his peers are

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<v Speaker 2>held out to be. So Facebook is sliding down Snapchat,

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<v Speaker 2>even though it's lost popularity, it still was downloaded or

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<v Speaker 2>not a lot messengers underneath Snapchat once again a Facebook product.

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<v Speaker 2>It's towards the end of the chain. Gmail. And then

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<v Speaker 2>of course cash App, owned by Square. Square is an

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<v Speaker 2>amazing company. So these are the top ten. But when

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<v Speaker 2>you see these kind of lists, pay attention to who

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<v Speaker 2>is up top and who is sliding down. And if

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<v Speaker 2>you compare twenty twenty to twenty nineteen and go through

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<v Speaker 2>twenty seventeen and twenty sixteen, you will see that there's

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<v Speaker 2>a great gradual change to the downside. And then of

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<v Speaker 2>course TikTok came out of nowhere and crushed the market.

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<v Speaker 2>And I posted this earlier, but I need to have

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<v Speaker 2>a very honest conversation with you about For those of

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<v Speaker 2>you that are trading. If you're not studying every day,

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<v Speaker 2>it's only because deep down you don't want to win.

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<v Speaker 2>And if you're overtrading, it's because you don't want to win,

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<v Speaker 2>because you are self sabotaging. I'll tell you like this,

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<v Speaker 2>if you truly, truly love trading, the act up. And

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<v Speaker 2>we have some athletes on here, like the guys that

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<v Speaker 2>you have to beat into the gym. They don't want

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<v Speaker 2>to play ball. And it's okay, you don't have to trade.

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<v Speaker 2>You can make way more money doing something else. I

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<v Speaker 2>want you to follow what your passion. I know trading

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<v Speaker 2>right now sexy as hell, and it's in vogue and

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<v Speaker 2>I can't wait till it goes not to being sexy

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<v Speaker 2>anymore how it used to be three or four years ago.

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<v Speaker 2>But when you want it, you will lust after the

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<v Speaker 2>work that comes with it in order to win. So

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<v Speaker 2>if you are not studying every day, or you feel

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<v Speaker 2>like it's a or that you hate, I want you

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<v Speaker 2>to make the decision either to walk away and be

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<v Speaker 2>a long term investor or go all in. But I

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<v Speaker 2>want you to put in chat. Are you going to

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<v Speaker 2>go all in or long term invest And like I

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<v Speaker 2>said before, even if you just long term invest you're

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<v Speaker 2>going to do better than most people who solely trade.

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<v Speaker 2>Last week, Josh talked to us about why pee ratio

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<v Speaker 2>doesn't matter as much, and I want to take you

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<v Speaker 2>down a quick trip down memory lane. So in two

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<v Speaker 2>thousand and eight, because it's same. So when you guys

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<v Speaker 2>are like, hey, Apple's going to fall apart, this story

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<v Speaker 2>gets printed every damn year. So in two thousand and eight,

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<v Speaker 2>this is the day, like the market lost faith in Apple.

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<v Speaker 2>Steve was still running it right, so you can see

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<v Speaker 2>here had about an eighteen cash trailing and ten x

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<v Speaker 2>four it while maintaining seventy percent earnings growth for over

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<v Speaker 2>a year. And it was the same thing. Not enough products,

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<v Speaker 2>MacBooks are dying, the CEO isn't good? Is boring? We

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<v Speaker 2>want something new, right, But look at the price of

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<v Speaker 2>Apple then, and if you would have held from two

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<v Speaker 2>thousand and eight through now. So when we're looking at

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<v Speaker 2>these ratios, and even if you're looking at Benjamin Graham's

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<v Speaker 2>model or another indicator that you guys can rut rite

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<v Speaker 2>down is buffets measurement of the market. They're great ways

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<v Speaker 2>to calculate, but sometimes they misstep. So if you go

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<v Speaker 2>and look at this article. You can see Apple's potential

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<v Speaker 2>was discounted for six months before the recession, and then

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<v Speaker 2>the market bottomed out and their earning was great and

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<v Speaker 2>they continue to innovate and continue to make sales like crazy,

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<v Speaker 2>and they went to the upside. So even if something

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<v Speaker 2>has a high PE ratio, it's just the cost that

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<v Speaker 2>you're paying for those earnings. But what if they're earning

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<v Speaker 2>that company is printing earnings like shit and they are

0:11:50.880 --> 0:11:54.800
<v Speaker 2>non their company that's a NonStop printing machine. You should

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<v Speaker 2>not get out of them because of that reason. So

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<v Speaker 2>sometimes PE ratio and these ratios can be misleading. I

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<v Speaker 2>think they are good measurement for the overall index, but

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<v Speaker 2>there has to be an exception for when a company

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<v Speaker 2>it's top one or two in it's field. And this

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<v Speaker 2>is the point that I need to drive home again

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<v Speaker 2>for my fundamental and technical traders, there has to be

0:12:15.600 --> 0:12:18.440
<v Speaker 2>a catalyst for while the market falls. The market isn't

0:12:18.480 --> 0:12:20.800
<v Speaker 2>going to slide down just because we hit a technical level.

0:12:21.720 --> 0:12:23.720
<v Speaker 2>That's why you can see we constantly have been hitting

0:12:23.760 --> 0:12:26.000
<v Speaker 2>all time highs and everyone's like, well, I'm a short here,

0:12:26.040 --> 0:12:28.360
<v Speaker 2>and I'm like why so they hit a high? It

0:12:28.360 --> 0:12:33.720
<v Speaker 2>can go fifteen percent higher before it eventually slides down.

0:12:34.640 --> 0:12:37.640
<v Speaker 2>So you need an interest rate increase, which we may

0:12:37.679 --> 0:12:40.559
<v Speaker 2>have soon. A bubble, a weak market, we need something

0:12:40.600 --> 0:12:42.880
<v Speaker 2>to push it down. And here's a good trick to know.

0:12:43.200 --> 0:12:46.680
<v Speaker 2>Whatever that catalyst is, it will be on the news

0:12:46.720 --> 0:12:49.120
<v Speaker 2>as soon as you get off work soon and then

0:12:49.160 --> 0:12:52.160
<v Speaker 2>it'll be all over social. So with COVID is if

0:12:52.160 --> 0:12:55.160
<v Speaker 2>we hit a certain benchmark, we cross three or four

0:12:55.160 --> 0:12:57.480
<v Speaker 2>million deaths, that will push the market down the lot.

0:12:57.520 --> 0:13:02.080
<v Speaker 2>But until then, don't worry. I don't know if you

0:13:02.080 --> 0:13:06.040
<v Speaker 2>guys know, but Market Monday is a idea and a

0:13:06.400 --> 0:13:09.600
<v Speaker 2>real time course that should be a hell of a

0:13:09.640 --> 0:13:12.280
<v Speaker 2>lot in real time. But I want you to remember

0:13:12.280 --> 0:13:15.760
<v Speaker 2>to execute. Kudos to good brother here who's up Unplug

0:13:15.840 --> 0:13:18.520
<v Speaker 2>and NEO. What I don't want to do is solely

0:13:18.640 --> 0:13:20.720
<v Speaker 2>entertain you. What I want you to do is for

0:13:20.760 --> 0:13:24.520
<v Speaker 2>you to be entertained, inspired and then you execute. So

0:13:24.640 --> 0:13:27.120
<v Speaker 2>I know some of you are like, hey, you hear

0:13:27.240 --> 0:13:30.080
<v Speaker 2>one thing, but when you go back and listen, another

0:13:30.120 --> 0:13:31.520
<v Speaker 2>thing has been said. For So for those of you

0:13:31.720 --> 0:13:34.760
<v Speaker 2>that have wondered if NEO is solid, Plug is solid, Yes,

0:13:34.920 --> 0:13:36.480
<v Speaker 2>I don't think they're the leader in that space, and

0:13:36.520 --> 0:13:39.640
<v Speaker 2>I don't think that they will be at least ernest.

0:13:39.679 --> 0:13:40.080
<v Speaker 2>What's up.

0:13:40.160 --> 0:13:42.640
<v Speaker 3>You ever walk into a small business and everything just

0:13:42.800 --> 0:13:45.960
<v Speaker 3>works like the checkout is fast, the receipts are digital,

0:13:46.480 --> 0:13:49.480
<v Speaker 3>tipping is a breeze, and you're out the door before

0:13:49.480 --> 0:13:53.640
<v Speaker 3>the line even builds odds are they're using Square. We

0:13:53.800 --> 0:13:56.360
<v Speaker 3>love supporting businesses that run on Square because it just

0:13:56.360 --> 0:13:59.600
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0:14:05.840 --> 0:14:09.520
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0:14:09.679 --> 0:14:13.079
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0:14:13.160 --> 0:14:16.680
<v Speaker 3>just thinking about launching something soon, Square is hands down

0:14:16.720 --> 0:14:19.760
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0:14:19.960 --> 0:14:23.320
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<v Speaker 3>don't hesitate, let's Square handle the back end so you

0:14:42.560 --> 0:14:48.920
<v Speaker 3>can keep pushing your vision forward. This episode is brought

0:14:48.920 --> 0:14:50.840
<v Speaker 3>to you by P and C Bank. A lot of

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<v Speaker 3>people think podcasts about work are boring, and sure they

0:14:54.520 --> 0:14:58.400
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<v Speaker 1>all you need for.

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<v Speaker 2>Five or ten years. But they are solid investments, but

0:16:31.560 --> 0:16:35.200
<v Speaker 2>they're too high at the moment. And same thing with Boeing.

0:16:35.680 --> 0:16:37.760
<v Speaker 2>Boeing is not one of the best companies. There's a

0:16:37.800 --> 0:16:41.240
<v Speaker 2>great lesson here. Sometimes certain assets will come down so

0:16:41.360 --> 0:16:44.080
<v Speaker 2>much that they are just a steel. So if you

0:16:44.080 --> 0:16:46.120
<v Speaker 2>can get a house that's worth two hundred grand on

0:16:46.160 --> 0:16:49.160
<v Speaker 2>sale for twenty five grand, that's what Boeing look like

0:16:49.200 --> 0:16:52.120
<v Speaker 2>when we crash. I don't love Boeing, but out of

0:16:52.120 --> 0:16:53.840
<v Speaker 2>the airline sector, it was the only one that I

0:16:53.920 --> 0:16:56.400
<v Speaker 2>really liked, and then it one up to two maenty

0:16:56.520 --> 0:16:58.720
<v Speaker 2>nine and sold off and it's been slotting back. So

0:16:58.920 --> 0:17:01.840
<v Speaker 2>once again I want to remind you guys to listen,

0:17:02.280 --> 0:17:04.840
<v Speaker 2>take notes, and even after the episode is over, watch

0:17:04.920 --> 0:17:06.560
<v Speaker 2>the replay because there's some gems in there that you

0:17:06.680 --> 0:17:11.120
<v Speaker 2>probably missed on to fundamentals that matter. Please write write

0:17:11.119 --> 0:17:15.000
<v Speaker 2>this down. Rotation is not for you. I've never seen

0:17:15.040 --> 0:17:17.240
<v Speaker 2>so many retail traders in my life here about rotation

0:17:18.440 --> 0:17:21.760
<v Speaker 2>for long term investment. If you're trading, okay, different, But

0:17:21.800 --> 0:17:24.880
<v Speaker 2>if you're holding for a long period of time, it's

0:17:24.960 --> 0:17:27.960
<v Speaker 2>not for you. Hedge funds have to spend money every quarter.

0:17:28.960 --> 0:17:31.520
<v Speaker 2>You don't. And then the second one is mind share.

0:17:31.600 --> 0:17:34.840
<v Speaker 2>So mind share is when you say a category or

0:17:34.920 --> 0:17:36.879
<v Speaker 2>brand is the first thing that you think about. So

0:17:36.920 --> 0:17:39.439
<v Speaker 2>let's play a little game. So if I mention a

0:17:39.560 --> 0:17:42.000
<v Speaker 2>car company, what's the first car company that comes to

0:17:42.040 --> 0:17:48.080
<v Speaker 2>your mind? Please type and chat? Okay. Now, if I

0:17:48.119 --> 0:17:51.280
<v Speaker 2>mention a sneaker company, what's the first one that comes

0:17:51.320 --> 0:17:59.239
<v Speaker 2>to mind? Okay? If I mentioned an electronics company, well,

0:17:59.320 --> 0:18:02.120
<v Speaker 2>let's say computer company. To be more specific, which one

0:18:02.240 --> 0:18:08.720
<v Speaker 2>comes to mind? I love Michael Dell, but nobody's saying Dell.

0:18:09.720 --> 0:18:11.960
<v Speaker 2>So mind chair is the one. If you interview ten

0:18:12.000 --> 0:18:14.560
<v Speaker 2>people on the street, eight out of ten would say

0:18:15.080 --> 0:18:18.960
<v Speaker 2>that particular brand. Mind chair is an equation and fundamental

0:18:19.720 --> 0:18:23.200
<v Speaker 2>analysis that I think is over excuse me, underrated. Very underrated,

0:18:23.840 --> 0:18:26.800
<v Speaker 2>and I want to clear this up. So I know

0:18:26.840 --> 0:18:28.360
<v Speaker 2>some of you have been hitting up about twenty four

0:18:28.359 --> 0:18:30.600
<v Speaker 2>strings of revenue. I want to be very clear. I'm

0:18:30.600 --> 0:18:32.800
<v Speaker 2>not saying that I want you to make twenty four

0:18:32.800 --> 0:18:36.560
<v Speaker 2>different businesses or have twenty four jobs, because that's impossible.

0:18:36.960 --> 0:18:38.399
<v Speaker 2>But I do want to walk through some of the

0:18:38.400 --> 0:18:40.840
<v Speaker 2>biggest finance lessons from some of the biggest companies in

0:18:40.840 --> 0:18:44.600
<v Speaker 2>the world. So if you look at Microsoft, Microsoft has

0:18:44.680 --> 0:18:49.320
<v Speaker 2>over one hundred and one products. If they only needed

0:18:49.359 --> 0:18:52.679
<v Speaker 2>seven for world domination with all the data that they have,

0:18:53.200 --> 0:18:59.000
<v Speaker 2>don't you think they would do seven? Apple has thirty,

0:18:59.160 --> 0:19:02.159
<v Speaker 2>Pepsi has over one hundred. Let's go to all my

0:19:02.200 --> 0:19:07.160
<v Speaker 2>folks in atl Coca Cola you can google this has

0:19:07.280 --> 0:19:11.760
<v Speaker 2>five hundred brands underneath their umbrella and thirty nine hundred

0:19:11.800 --> 0:19:17.240
<v Speaker 2>beverage choices thirty nine hundred. So if the magical number

0:19:17.320 --> 0:19:21.879
<v Speaker 2>was seven, with all the research and brand development that

0:19:21.920 --> 0:19:24.560
<v Speaker 2>Coca Cola's done, don't you think seven will be more

0:19:24.600 --> 0:19:27.160
<v Speaker 2>than enough. So if you're just starting, I don't want

0:19:27.200 --> 0:19:31.760
<v Speaker 2>you to be upset by hearing this number. But our

0:19:31.880 --> 0:19:34.880
<v Speaker 2>job is delivered to deliver the truth to the community

0:19:34.920 --> 0:19:39.000
<v Speaker 2>and not bullshit advice that's been shoveled down Instagram until

0:19:39.000 --> 0:19:41.480
<v Speaker 2>you by people who are not doing that. But they're

0:19:41.480 --> 0:19:45.440
<v Speaker 2>on clubhouse nine hours a day drinking all the kid's

0:19:45.520 --> 0:19:48.480
<v Speaker 2>juicy juice. Like, we're not here for that. But thirty

0:19:48.560 --> 0:19:50.920
<v Speaker 2>nine hundred choices is a lot of excus But there's

0:19:50.960 --> 0:19:56.280
<v Speaker 2>a reason for that. I'll walk you through a book

0:19:56.320 --> 0:19:58.200
<v Speaker 2>that I think is probably going to be the next

0:19:58.200 --> 0:20:00.359
<v Speaker 2>money master of the game from a macro level tonight.

0:20:01.080 --> 0:20:06.040
<v Speaker 2>But a very interesting insight that Chamult gave to Josh

0:20:06.640 --> 0:20:08.960
<v Speaker 2>when they are at a conference was they stopped learning

0:20:08.960 --> 0:20:12.040
<v Speaker 2>twenty years ago. What I don't want you guys to

0:20:12.080 --> 0:20:14.159
<v Speaker 2>do is even hear the information that we give you

0:20:14.200 --> 0:20:16.760
<v Speaker 2>and just take face value. I want you to go

0:20:17.040 --> 0:20:19.840
<v Speaker 2>review it, read it, and make sure that it's true,

0:20:20.359 --> 0:20:26.720
<v Speaker 2>because most people in investing stop learning after year one,

0:20:26.840 --> 0:20:29.959
<v Speaker 2>and that's how most people end up giving up their edge. Okay,

0:20:31.480 --> 0:20:33.480
<v Speaker 2>and you guys did an amazing job with the interview

0:20:33.480 --> 0:20:36.200
<v Speaker 2>with Mark Cuban. I want you guys to go back

0:20:36.200 --> 0:20:39.119
<v Speaker 2>and look and listen to the interview. But the minimization

0:20:39.200 --> 0:20:42.879
<v Speaker 2>of risk for how he was protecting his capital and

0:20:42.920 --> 0:20:46.000
<v Speaker 2>his newfound wealth is the most important lesson in that

0:20:46.119 --> 0:20:50.000
<v Speaker 2>college strategy that he executed. Could he have made more? Yes,

0:20:50.160 --> 0:20:53.040
<v Speaker 2>he's done pretty damn well for himself. Since kudos to

0:20:53.000 --> 0:20:56.960
<v Speaker 2>everybody at I you. But even if you don't have

0:20:57.359 --> 0:20:59.760
<v Speaker 2>a lot of money, I know the idea is you

0:20:59.800 --> 0:21:03.119
<v Speaker 2>want to grow fast. But if you grow fast and

0:21:03.200 --> 0:21:05.440
<v Speaker 2>you lose fast, what ends up happening for us to

0:21:05.480 --> 0:21:08.360
<v Speaker 2>the African American It breaks your spirit and you leave

0:21:08.400 --> 0:21:13.000
<v Speaker 2>the market and never come back. It's a unique experience.

0:21:13.680 --> 0:21:16.720
<v Speaker 2>So the reason why I'm saying defense, defense, defense, why

0:21:16.800 --> 0:21:19.600
<v Speaker 2>it's not the sexiest thing. It doesn't matter if you

0:21:20.200 --> 0:21:22.119
<v Speaker 2>have a two hundred percent gainer and then on your

0:21:22.160 --> 0:21:24.480
<v Speaker 2>next trade you give back one hundred and fifty percent

0:21:24.480 --> 0:21:27.320
<v Speaker 2>of it or two hundred percent of it, or you

0:21:27.359 --> 0:21:30.600
<v Speaker 2>get margin called and lose more. So go right down

0:21:30.640 --> 0:21:33.840
<v Speaker 2>and go look up that strategy that he executed, and

0:21:33.920 --> 0:21:36.320
<v Speaker 2>I think it will have a tremendous impact on how

0:21:36.359 --> 0:21:41.159
<v Speaker 2>you invest going forward. This is for the dads. I

0:21:41.200 --> 0:21:44.360
<v Speaker 2>want you to stop thinking about investing over a short

0:21:44.400 --> 0:21:46.800
<v Speaker 2>period of time, and I want you to make some

0:21:46.920 --> 0:21:50.160
<v Speaker 2>funds available for your family for the next hundred years.

0:21:52.000 --> 0:21:54.520
<v Speaker 2>I think we're thinking about this on too short of

0:21:54.560 --> 0:21:59.760
<v Speaker 2>a timeframe. Is it worth the sacrifice? I think if

0:21:59.760 --> 0:22:02.840
<v Speaker 2>you your child, yes, It's my job personally for me

0:22:03.119 --> 0:22:05.480
<v Speaker 2>and my family to provide for the next two hundred years.

0:22:05.640 --> 0:22:09.879
<v Speaker 2>So the seeds that I lay, I hope Xander or

0:22:09.920 --> 0:22:11.800
<v Speaker 2>his child does not mess it up. But for the

0:22:11.840 --> 0:22:14.919
<v Speaker 2>next two hundred years, I'll be able to provide a

0:22:14.960 --> 0:22:17.040
<v Speaker 2>solid foundation for him and then for the dads to

0:22:17.119 --> 0:22:19.040
<v Speaker 2>love your children. I think that should be a goal.

0:22:19.080 --> 0:22:21.000
<v Speaker 2>And next week I'll walk you through some of the

0:22:21.000 --> 0:22:25.359
<v Speaker 2>steps we can do to make that a reality. And

0:22:25.400 --> 0:22:27.159
<v Speaker 2>for those of you who are just starting and you

0:22:27.200 --> 0:22:30.399
<v Speaker 2>feel intimidated, let's look at this. Here's how much you

0:22:30.400 --> 0:22:31.880
<v Speaker 2>would have made if you would have just invested five

0:22:31.960 --> 0:22:34.240
<v Speaker 2>hundred a month type yes and chat if you spent

0:22:34.320 --> 0:22:37.080
<v Speaker 2>five hundred a month partying or on other things that

0:22:37.200 --> 0:22:41.320
<v Speaker 2>brought you less value. Four percent ready to return, which

0:22:41.480 --> 0:22:45.160
<v Speaker 2>I mean invest in ask considerable risk. Nothing is guaranteed.

0:22:45.240 --> 0:22:48.760
<v Speaker 2>We cannot project future gains based on past performance, and

0:22:48.800 --> 0:22:50.960
<v Speaker 2>you can reshot at Troy, but I think I can

0:22:51.000 --> 0:22:52.520
<v Speaker 2>comfortably say that we may be able to get you

0:22:52.560 --> 0:22:58.080
<v Speaker 2>four percent easily, perhaps five hundred a month for ten years.

0:22:58.160 --> 0:23:02.840
<v Speaker 2>You have seventy three grand at six percent return eighty

0:23:02.880 --> 0:23:05.159
<v Speaker 2>one thousand, five hundred a month. Of ten years of

0:23:05.160 --> 0:23:07.440
<v Speaker 2>an eighty percent return, you have ninety one thousand. Now

0:23:07.440 --> 0:23:10.600
<v Speaker 2>I want you to calculate if you got eighteen percent

0:23:11.200 --> 0:23:13.679
<v Speaker 2>year of a year for ten years, how much that

0:23:13.720 --> 0:23:17.199
<v Speaker 2>would be. It's not the dollar amount that you start with,

0:23:17.320 --> 0:23:21.000
<v Speaker 2>it's the consistency and the action. And some of you

0:23:21.080 --> 0:23:22.919
<v Speaker 2>figured this out in March. It's like you got in

0:23:22.960 --> 0:23:25.400
<v Speaker 2>at a great price on some companies, but you only

0:23:25.400 --> 0:23:27.480
<v Speaker 2>got ten shares of it. And it's like, damn. If

0:23:27.680 --> 0:23:31.880
<v Speaker 2>you knew back then what you know now, you probably

0:23:31.880 --> 0:23:36.080
<v Speaker 2>would have furnished or liquidated everything to furnish those investments

0:23:36.080 --> 0:23:39.480
<v Speaker 2>going forward. So even if you're starting small, it's okay.

0:23:39.600 --> 0:23:42.840
<v Speaker 2>It's going to give you confidence to bill later. And

0:23:42.880 --> 0:23:44.920
<v Speaker 2>as we get close to wrapping up, I want to

0:23:44.920 --> 0:23:47.240
<v Speaker 2>show you how to identify the best companies in a

0:23:47.320 --> 0:23:51.120
<v Speaker 2>sector in less than ninety seconds. So if we take

0:23:54.240 --> 0:23:57.639
<v Speaker 2>this site is called guru Focus. So let's go to

0:23:57.720 --> 0:24:00.760
<v Speaker 2>my favorite. Let's go to technology. I want you to

0:24:00.760 --> 0:24:04.680
<v Speaker 2>click on the sector. It's my screen still showing to

0:24:04.760 --> 0:24:09.080
<v Speaker 2>no y yes, okay, hold on, let me show them

0:24:09.119 --> 0:24:12.160
<v Speaker 2>turn the screen. Okay, yeah, there we go. Now, this

0:24:12.200 --> 0:24:15.000
<v Speaker 2>is a guru focus. I'm not a paid affiliated to anything.

0:24:15.040 --> 0:24:17.800
<v Speaker 2>Step one, I want you to click on the sector.

0:24:19.119 --> 0:24:22.080
<v Speaker 2>Great Now. After that, I want you to pick on

0:24:22.119 --> 0:24:24.960
<v Speaker 2>the biggest portion of that pie. So in this case

0:24:24.960 --> 0:24:27.320
<v Speaker 2>it will be software. It's fifty point eight percent of

0:24:27.320 --> 0:24:30.280
<v Speaker 2>the market. So we'll click here. Great Now, we'll go

0:24:30.320 --> 0:24:35.520
<v Speaker 2>to software and let's see who runs that space. And

0:24:35.560 --> 0:24:41.159
<v Speaker 2>you can see clearly by industry waiting, Microsoft is first,

0:24:42.560 --> 0:24:45.600
<v Speaker 2>and then you have the other smaller players. Notice nobody's

0:24:45.640 --> 0:24:48.680
<v Speaker 2>ever screaming damn, I should buy IBM, even though they

0:24:48.720 --> 0:24:50.920
<v Speaker 2>may have a chance in the next couple of years

0:24:50.920 --> 0:24:53.160
<v Speaker 2>to go up a little bit higher. Right. And then

0:24:53.160 --> 0:24:54.960
<v Speaker 2>you can do the same thing with hardware. So let's

0:24:55.000 --> 0:24:57.040
<v Speaker 2>go look at hardware. We can look at the waiting.

0:24:57.720 --> 0:25:01.919
<v Speaker 2>Who runs the waiting for hardware by a landslide is Apple.

0:25:02.920 --> 0:25:05.720
<v Speaker 2>So I'm literally looking at who is the biggest player

0:25:05.760 --> 0:25:10.200
<v Speaker 2>in the market, selecting those and then inside of that category,

0:25:10.680 --> 0:25:13.080
<v Speaker 2>I'm picking the top two. I don't want the ninth

0:25:13.160 --> 0:25:17.280
<v Speaker 2>best semiconductor in a space, so let's click on semiconductor.

0:25:17.560 --> 0:25:21.880
<v Speaker 2>So you can see in video Solid love a lot

0:25:22.000 --> 0:25:27.280
<v Speaker 2>Intel that market share is dying. Great, and you can

0:25:27.359 --> 0:25:30.400
<v Speaker 2>use this site to see who are the market share

0:25:30.560 --> 0:25:32.480
<v Speaker 2>leaders and in particular space. And I got a couple

0:25:32.520 --> 0:25:37.399
<v Speaker 2>more slizes and then we'll wrap up. So if you

0:25:37.400 --> 0:25:41.160
<v Speaker 2>look at the five things the market cares about the most,

0:25:41.240 --> 0:25:45.520
<v Speaker 2>please screenshot this. There's so much talk about what matters

0:25:45.560 --> 0:25:48.400
<v Speaker 2>and what moves the market. These are a core five.

0:25:49.119 --> 0:25:51.720
<v Speaker 2>Number one, the stability of the economy. Is the economy

0:25:51.760 --> 0:25:53.639
<v Speaker 2>doing good or bad. If the economy is doing good,

0:25:53.680 --> 0:25:56.000
<v Speaker 2>people going to spend more, and even companies that are

0:25:56.040 --> 0:25:59.040
<v Speaker 2>not that talented or that great have great management, will

0:25:59.080 --> 0:26:02.040
<v Speaker 2>do well. Number two interest rates. Interest rates have been

0:26:02.119 --> 0:26:03.720
<v Speaker 2>low for a long time, and when they finally bump

0:26:03.800 --> 0:26:05.840
<v Speaker 2>this up, man, the market is going to slide back some.

0:26:06.359 --> 0:26:08.760
<v Speaker 2>And all this free cash that we've been getting out

0:26:08.800 --> 0:26:11.280
<v Speaker 2>the market and all these easy eighteen and twenty five

0:26:11.320 --> 0:26:15.000
<v Speaker 2>percent games, they're going to go away. They're going to

0:26:15.040 --> 0:26:18.960
<v Speaker 2>go away. Number Three earnings of a particular company. So

0:26:19.000 --> 0:26:20.560
<v Speaker 2>I want you to look at the top two leaders

0:26:20.600 --> 0:26:22.960
<v Speaker 2>of the top three leaders in the space and see what

0:26:23.000 --> 0:26:25.920
<v Speaker 2>the earnings are. Number four does not get talked about

0:26:26.000 --> 0:26:28.480
<v Speaker 2>enough enough, but it's really the number of buyers and sellers.

0:26:29.640 --> 0:26:32.600
<v Speaker 2>There are more buyers in Tesla than there are short sellers.

0:26:33.200 --> 0:26:34.960
<v Speaker 2>For all the short sellers, may you rest in peace,

0:26:35.160 --> 0:26:38.440
<v Speaker 2>stop short in Tesla and number five who is best

0:26:38.520 --> 0:26:42.919
<v Speaker 2>in a category investment? Is not that Even when we

0:26:42.960 --> 0:26:45.000
<v Speaker 2>did the mind share exercise, no one is named of

0:26:45.040 --> 0:26:48.399
<v Speaker 2>the fifteenth best player in the space. And we are

0:26:48.440 --> 0:26:50.760
<v Speaker 2>in an efficiency era and this will not go away.

0:26:51.119 --> 0:26:53.720
<v Speaker 2>So before it was the information age, but the companies

0:26:53.720 --> 0:26:56.080
<v Speaker 2>that will dominate now are the ones that will make

0:26:56.080 --> 0:26:59.200
<v Speaker 2>our lives easier, get things for us faster, and save

0:26:59.280 --> 0:27:03.400
<v Speaker 2>us money like Roku, Netflix, Zillo. So if you guys

0:27:03.440 --> 0:27:06.480
<v Speaker 2>have not looked, Zillo is now make an offer on houses.

0:27:07.480 --> 0:27:09.760
<v Speaker 2>So for my real estate agents, you're gonna have to

0:27:09.800 --> 0:27:13.600
<v Speaker 2>find a way to take care of your customers and

0:27:13.600 --> 0:27:17.480
<v Speaker 2>clients more and also sell them houses faster because the

0:27:17.520 --> 0:27:19.480
<v Speaker 2>biggest player in the space is now starting to look

0:27:19.480 --> 0:27:22.040
<v Speaker 2>to eat your lunch and all technology companies usually aim

0:27:22.119 --> 0:27:27.240
<v Speaker 2>to do this. Domino's match so match owns everything except bumble.

0:27:28.359 --> 0:27:30.359
<v Speaker 2>They are a huge conglimber and when I did the interview,

0:27:30.680 --> 0:27:32.119
<v Speaker 2>we talked about that a few months ago. They've been

0:27:32.160 --> 0:27:35.439
<v Speaker 2>on the tear and of course Amazon the company that

0:27:35.560 --> 0:27:38.720
<v Speaker 2>makes life easier for us so we don't have to

0:27:38.800 --> 0:27:40.919
<v Speaker 2>drive and drop off tapes at Blockbuster and get a

0:27:40.960 --> 0:27:44.000
<v Speaker 2>fine Netflix is a better pick. Roku is a better pick.

0:27:44.240 --> 0:27:47.359
<v Speaker 2>In comparison. We have now switched to an efficiency era,

0:27:47.800 --> 0:27:50.119
<v Speaker 2>and for my business owners, you need to find a

0:27:50.119 --> 0:27:51.760
<v Speaker 2>way to get things delivered to you in a much

0:27:51.760 --> 0:27:54.359
<v Speaker 2>faster way. Ten years ago, you would have to drive

0:27:54.440 --> 0:27:57.399
<v Speaker 2>to downtown to meet with Reshid right, maybe do lunch

0:27:57.720 --> 0:28:02.720
<v Speaker 2>now zoom. We have to streamline everything that we're doing.

0:28:03.280 --> 0:28:04.879
<v Speaker 2>And then the final thing I want to cover for

0:28:04.920 --> 0:28:10.480
<v Speaker 2>you is the worst companies of this past decade had

0:28:10.480 --> 0:28:16.080
<v Speaker 2>a central thing. They were energy focused. The big energy company.

0:28:16.160 --> 0:28:18.479
<v Speaker 2>We companies we are watching die in front of us,

0:28:18.520 --> 0:28:20.679
<v Speaker 2>and some will make the adjustment and some will go

0:28:20.680 --> 0:28:23.120
<v Speaker 2>to clean energy and some will not, and they will

0:28:23.200 --> 0:28:26.240
<v Speaker 2>die a slow death before a company to draw down

0:28:26.280 --> 0:28:29.800
<v Speaker 2>seventy or eighty percent in a year is unfathomable. But

0:28:30.080 --> 0:28:33.280
<v Speaker 2>we are here at a change right before eyes. So

0:28:33.800 --> 0:28:36.280
<v Speaker 2>I appreciate you guys so much. I thank you Deally.

0:28:36.840 --> 0:28:38.880
<v Speaker 2>I want to remind you to please invest in the

0:28:38.920 --> 0:28:41.560
<v Speaker 2>market every single month, and if you are going to trade,

0:28:41.600 --> 0:28:44.680
<v Speaker 2>be dedicated. Practice your ass off because it's not easy.

0:28:45.000 --> 0:28:49.120
<v Speaker 2>I love you guys. Thank you, My graduates from my

0:28:49.200 --> 0:28:56.240
<v Speaker 2>school being forced back drop drop mic drop Bag drop d.

0:29:08.200 --> 0:29:12.080
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