Announcer Dan. My Monday. What gets me to dance is a good.

I was not bad. No, you do. What was good was got to be bad. You've got to get this rocking out.

Let's go. The doors are opening to earn your lesia presents market. Mon's the doors are open. The floodgates in.

We hear rain, sleet, snow, holidays. Holidays don't matter.

It's never a holiday when you work in Happy Labor Day to everyone out there. That is official, no days off and if few scrambling as a kickoff day for the school year, but that that's a fact, man, shout out to everybody out there all over the world.

Mark your mine days. We back. We back another Monday, another one as well.

Let's do it.

Everybody hopefully had a great weekend. Let's get going. Let's get it going, shall I tell you why you two shots, all earners in the building has already raised? We haven't said three things. I love it, though. Shout out to you. Got you to lock in over the show for sure. And we get locked into if. Sure.

We we had me first and foremost, let's pay homage to one of the greatest albums of all time. It was when you see that right there before it was raining, we got the blueprint.

Oh, boy. Show me the recovery where we got the red paint, the mugs, the yellow blow up.

I think it was written in Illmatic. I know everybody in New York won't kill him, but now he's going to say that you I'm with you on that.

I want you and I want you on that. And I'm going to be honest. And I was like, yes, I put Illmatic. It was red because Illmatic is in the centerpiece of my album. All right.

Across the room is the greatest album, which is as hard as I can manage the best album in the history. Illmatic. For me, Illmatic is tough.

That's a message better than life after. Yeah, and I'm a die hard to pop, I love life after I was like, yo, your best.

That's the one hundred years on the album War. I'm going to tell you the album. So I took down the blueprints or the blueprints over there. So my row of five is Cuban Kubilius.

The infamous l.P Mob album, it was written as the centerpiece of life after death and then the blueprint that would've been my desk, my five across the wall, young guy, all lives on the next roll out and we got all on the next.

Well, yeah, shout out to someone every time we come on, we're going to switch the album.

So you we put it up there, you see. That's how you feel.

Happy Monday morning. Happy Monday, man. What's going on. Sure thing. Good. Yeah, I'm glad that the low tech issues.

But other than that, I'm good.

You know. You know, you know how that goes man. They can't stop the it. Yeah. Got it. Got to hustle to it. It's crazy.

Zoome been acting crazy over the past couple of weeks. I know. Like during our book club it was kicking people out during our webinar we got booted out of our own webinar and came back. And so hopefully, you know, with all the money they make and they can figure this out, they got a couple of upgrades they need to do. Yeah, sure.

For sure, man. So, yeah, we want to we want to welcome everybody. I know. Obviously, you know, it's a holiday, but I think about you two but eleven hundred people already if you can hit that like mine. And so yeah we, we're going to get into it and hopefully this could be more, but we just answer questions and try to get the vibe. We got a lot of big stuff planned for Mark on Monday.

So first of all, I want to thank everybody for your support. Don't don't forget that Market Monday is also available on the podcast or podcast outlets. So subscribe to Apple Spotify Market Money podcast. Yeah, comment rate share price, please.

Yeah. Yeah. Oh, that helps. So every time if you don't want to see it go up to number one, we got to do all those things. That's the process. You gotta subscribe, you got to come in and let's just run it up. And we got listen, we got some things coming. Yeah.

And everybody that's know a lot of people can't watch YouTube, but I just not visual people. They want to like, listen to when they drive and I'm working out. So twelve o'clock, twelve o'clock Eastern Standard Time, it will be available on the podcast outlets. So yeah.

You know, get it, you get it from, from every angle. There's no there's no excuse not to learn. And so some people wonder if he was going to be here. They like the market wasn't open. I'm like, yeah but Thursday and Friday happened. Talk about. Yeah. The consistency match shots.

Eighty five thousand shots. How boy. And he told me they never missed a day for five years straight. Five years straight. They never missed a day. Never missed one day in five years. So you know that level you see that their level of success that they've achieved and you think it's just comedy. They just telling jokes but they working. I just mean it's working.

So, you know, we just saw that work ethic, whether it's Kobe, whether it's Mike, whether that was crazy.

Eighty five day, whether no matter what the consistency across the board is that the greats always are consistent and they always work. So I told you, man, I mean, it is a brand name. You can count on it. You can believe in it. Absolutely. As a fact. And even real quick, from a business perspective, I think Charlamagne may have a better podcast. And Brooklyn Eddie is the button and Mall and Roy are way more consistent and matters like, you know, shot at the text of text.

When I went away, you would have had all that on last to like. Consistency is a huge thing. We'll talk about that tonight as well in the market as well. Yeah, for sure.

For sure. So. All right, we'll get into it. Troy, you want a disclaimer?

Yeah. I don't know what time it is. So here's how it works, man. If I was bringing you this message, do your own research, do your own research. Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with or independently research and verify any information that you may find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise.

This is a message from the good folks that are you, Lisa and Lisa network.

That's your research. I put something on on Instagram today.

So that's how I was feeling. It's a great lesson, no, you know, we yeah, yeah, we got a lot of stuff that we're working on in the future. Looks promising. Looks like it looks very likely.

Guidelines, guidelines. So, yes. You know how you know how this works guys. Ebeye University and shout out to you to shout out to everybody. Check this out. Everybody has some access. If you can ask one question please, please one question and please do not ask individual stock questions. Please ask just general investment questions or strategy questions or things of that nature. Also if you want to talk a minute about Red Panda, we haven't done that before, but a lot of people might not be familiar with.

They hear that a lot. But what is what exactly is Red Panda?

I'll let you say Rampant is my company. So I think it's the easiest way to learn how to invest in a market with its long term stock or short term with Apex. And also because when I got into the space, I saw everyone was talking about investing, but no one had said, OK, what should I like? Well, it depends. I'm like, that's not a strategy. So we try to take all the complexity out of it and just make it simple for those in a stock club.

I appreciate you guys have done well this year and kudos to everybody in Apex, the killer. I appreciate you all. So that's my movement. My grandma company in I'm a put.

I put the link, I put the link and YouTube so you could check out Red Planet Dotcom. If you're interested in more information, join redhanded outcomes. What are we're going we're going to kick this off.

Oh yeah. Also so EIO, we got a big week for us. We got Tomorrow is our podcast with Jasmine Krot. She's a young lady out of Atlanta who made a business out of taking food from restaurants and businesses that was going to be thrown away because restaurants and organizations, they throw food away every day, every day. It's a whole it's a whole thing. So she takes the food and then she feeds people, any homeless people, children, people that are struggling to eat.

There's a lot of people in America that do not have enough food to eat. One out of five African-Americans and Hispanic people don't have enough food to eat them out, malnutrition. So that's something that is really dope because it's a for profit business is supposed to be caught, which is a for profit entity, but it's for good. So it's interesting that that'll be out tomorrow, 5:00 p.m. Eastern Standard Time.

She was actually labeled the number one tech innovator in a city of Atlanta. So most people look like, oh, it's a food business. Yeah, full part of it, but there's a tech side to a tool. So that makes it super incredible. And she's she's brilliant. She's a light that everybody needs to check into.

And then Wednesday, are you while university teacher will be Miss Business with our first alumni, our our our techs, our CPA, she's going to be teaching about how to set up an LLC, the LLC C. Corp. S corpse be caught. We'll talk about all that stuff. So a lot of people ask it like how you set a business up. That's that. And then I'm taking my calendar off it. Breaking news alert. You people know I'm a financial adviser, but I can't take I can't facilitate phone calls anymore.

So I'm going to Ahmadu Zone calls EIO University members only and we're going to talk about for like an hour or two hours. And we're going to talk about retirement planning, investing, insurance, business planning, all that stuff. You know, that's where you can pick my brain.

So if you're any Waialua, we'll announce the date for that. If you're not in it while you we have a code going code for which is fifty percent of the membership for the rest of the month. So I'll put that in there. But yeah, that's one of the new things that we added to it that's going to be crazy.

Schottel old earner's out and breaking bread yesterday when that I heard the call was incredible, was over. You said out all the times when I was like hours. Yeah, they just go off, man. So many brilliant ideas and questions and perspectives that happened inside that Breaking Bad section inside the book club. The earnings are incredible, man. Like so shout out to everyone. That's part of that. And we love you all and all the new members.

Make sure that y'all come and join us. You're kind of late on the book we got. We are new one probably within the next few days.

But the breaking press sessions are incredible. Shots all shot, M.G. as our bro, that's growing at a fast rate. So let's get into Oscar.

You what's going on, bro? You. Oh, yeah. You keep changing your picture up on us, man.

What's going on with you?

Yeah, I don't know. I guess it's because I had to fire. I got two different Zouma counts. But fellas, how ya doing.

We good man. We good. Just blessed to be here another day. Share this energy. Some of education that we have with.

I mean of course. Of course. I just want to say real quick, I appreciate everything I've done. I really don't know why I would be out right now.

So I have a pretty much a earner's listen up.

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As in how can one either how or where to spot liquidity or volatility in the market? That's a good question. Go ahead. Oh, no, no, sorry. Yeah, go ahead. What was what do you trade? That's a good vice I start playing with the S and the Nasdaq, so they move similar in a way, yeah. So I only think you have to do as well or whatever platform you're on. Just turn on the volume bar.

So if you're on Ninja, you can turn on the volume. You can literally see how many contracts are traded per day or a good piece of advice to everyone. You can also Google s future, Nasdaq future and it tells you how many contracts will be traded every single day. But if you're trading the stock, if you don't take a swim, you can under your equities tab, you can see how much volume is there every single day and you'll be fine.

Don't try anything that has low volume because it's a sign that there's not enough interest in it for you to be comfortable with it. And yesterday's about a million and a half contracts today.

Oska, I would say on even if you have a Yahoo! Finance, sometimes when you when you pick a stock, it'll actually show you the volume. Usually I think it even in bar chart, it actually does it in green and red. So let you know if they're negative, if it's going down or if it's an appreciating amount of volume of the trades being made on that stock. So that's another good thing.

No major jumps.

Have I got you, bro. Appreciate you, bro. Who's up next? We got Marcus, Marcus is the first guy in him and let's go to the guy because he put an honest and honest, honest testimonial inside the investment group about a of and I watched it.

I was moved by it because he was brutally honest and then the next day with other markets was going on. I'm doing well. How y'all doing? We're great, man. What's up with you? I'm doing good. I'm doing good.

So obviously, you know, the market took a major hit. I know, like a lot of y'all, it was like, you know, Black Friday sale for me was Red Room only because I realized that I've been pretty decent at growing my account. Right. But I didn't know how to properly secure my bag. And I want to ask all three of y'all, what is your strategy when a when a market takes a hit like it did yesterday?

Because like for like I mean, I took a major hit for me, really, you know, I missed chump change by a lot of people, but I was very proud that I grew and then it just took a hit.

I guess I'll start. So like my strategy is to have a strategy first. Right. And so when I see a day like Thursday and Friday, I just stick to my plan because I know, like, even when we put out these calls, we make them for long term, right? Two years for every quarter we do. We don't like to do short term ones. So even when we recycle, we add a correction into the pricing for our target price.

So just stick to the script, man. A lot of people say, oh, it's a sale. And I almost got caught into it. I was like, oh, it's a red day, let me go get some more. But I already wrote down in my plan what my next target date was to make investments. So I got to stick to the script.

And then Troy, when they call me, they call me on Tuesday, Tuesday, it was on fire. And then what they say when they call me names like how you feel, what did I say? Paranoid. I said, I feel paranoid because I feel like I just kind of felt like the market I felt stocks was overinflated. I felt tech was definitely overinflated. I just felt, you know, I mean, it's just common sense, right?

Like when something's at an all time high, it's usually down from there. And it was crazy that the next day it went down. So in hindsight, me personally, I mean, of course, I would have liked to get out of my positions. We get back in at a lower price. It's kind of hard to do that. I mean, you know, the easiest thing to do is just to sell, but. I mean, to wait, to wait, but like you learn a lot from everything, and I remember we was in Krypto and they were saying, like, you know, in Krypto went down the whales, what they call them, like, there's only like a few people that hold the majority of bitcoins in the world.

And no matter what the market did, they never lost money because they took them. They took they sold their bitcoins when it when it went down and then they got back in at the right time. So it's kind of hard to predict that. But, you know, if you do, we have some technical issues right now. But next week, if we can do charts and we can show like geologists and stuff like that. Yeah. And because Ian actually said it to us, he was like I was looking at the Bollinger bands, you would have been able to actually predict that oil is going to happen.

So it's never a bad idea to take profit. That's how I look at it. Like, you know, hindsight is always 20/20. But if you up one hundred percent, 80 percent, 300, 400 percent, nobody's going to be mad if you walk away with a profit, wait for things to settle out and then get back in later as opposed to just waiting. And then it goes back down. Over the course of time, you'll make more money.

But I say that to say it depends on your strategy. But if you up a nice percentage, whatever that percentages, is never it's never a bad idea to take money.

You can never lose money that you didn't make yet.

And I'm glad you kept this thing out. But that was part of the conversation we had, I call it. And I'm like, oh, you did say I kind of fell asleep at the wheel. Like, why was I not watching my opinions when I was? I'm not I was paying attention to the VIX, but I wasn't watching as closely as I should have. And one of the things we were like, yeah, we should sell it, we're going to sell.

But then we thought, like, we got this class coming up on taxes. Like, what's that going to look like as far as taxes? Right. Because that's short term capital gains on those the sales of those those calls, it was like, oh, we got to take all those things into account. And so I'm saying that so that everybody in this chat right now on YouTube, in all our earnings, think about all of those things.

Right. Because that's that's going to be a hefty tax bill if the gains are pretty high.

What's your thoughts on that on the long term trading side?

It's going to be controversial, but it'll save you from a lot of danger. Your long term, if you drop hard five percent of one day, you should consider selling if it's a money that you need right away, because the thing that I can realize and recognize in your voice, maybe that was a hit you couldn't afford to take. So long term, five percent, you have a drop. Think about liquidating on a day trader or short term side by trade, especially if you own a futures, are you don't want to risk more than one point six percent of your account because they know what?

You don't even have to be able to trade well, when you are risking 20 percent of your account is only going to take you five trades to be in danger. And maybe for if you overtreat and you let it run and some danger can happen. So it's one of the things I want to talk about tonight. But for those of you, the US are saying, look how high RSI was for those you they used price channels in the channels, the banks.

Look how high we were and we were pushing through resistance. This isn't a big drop. But because the market had been going up so much, it felt like. The roller coaster ride down the hill, that actually wasn't that bad. So, yeah, I would tell you in every trade I know what percentages you're going to get out if you're getting beat up. And that way you can think about it from a logical standpoint and not necessarily an emotional one.

Gotcha, gotcha. Appreciate it. Appreciate you, bro. Yeah, thank you for that testimonial shout out to testimonial on the other day.

And that was that was incredible shot. Everybody on YouTube. Three thousand. They can't they can't stop us. No matter what happens. We're going to go what we got. Remember, I know if forget get my brother shot twice. He used to coach. He still does coach. And he had he had a crazy powerhouse team member. He had a bunch of kids that was like D1 prospects. And they made it to the playoffs in the summer league a few years ago.

And like one kid couldn't make it. He was in down south in like four of the kids. So I remember like somebody asked, like, what are you going to do? He's like, we're going to go, what we got, what we got, man, that's that's something I never forgot. No matter what any technical difficulties we have, we run a holiday versus battle. We're going to war. We've got we're going to go that.

We're going to go to war. What we got, we got to make the best out of it, man.

So we got we got a new Supachai shot. Let me acknowledge supercharges shots of Black Panther on the Supachai nine one. We're hedging against that position. Yeah, we can talk about that as well as a fact. Jamal Supachai, empty the mortgage on also, which I appreciate you, bro. Amir on a fifty dollar Supachai and Soozie on a Supachai. Thank you. All right, Ash, what's going on? You've been unmuted yourself. Hey, how you guys doing that?

I'm doing good. How are you? I'm good. I'm good. Thank you for again for providing value to the culture.

Appreciate you. Appreciate you. Just real quick.

I had a question. Do you guys think this is a temporary correction or do you think it's going to could I have a call set for March of twenty twenty one?

So that means I'll be out by December, some want to know, do you guys think the market will be back up by then? Can I take this real quick? The first thing I want you to realize, as a trader and investor, you have to have your analysis done before you put your money to the market, because whenever I have money, I'll only speak for me or my best investors and traders can relate once I have a position where I can't see clearly.

So I was going to cover tonight, but with the uncertainty, the pandemic that is wrecking US homelessness, Richard has the comment, which I think is legendary. My mom said black people have always been in a recession so that with Robin Hood and the election election and potentially if the male manipulation, because I want to say manipulation happens, we may not have a president declared until the summer. People do not like uncertainty.

When their money is in the market, this is why when I talk about leadership. And I don't think Obama was probably the best president ever, but one thing he did have down, which is a what was his leadership ability to keep everybody calm and that allows people to invest into the market is the same thing will happen. You don't want a volatile player so that a simple call is going to be a little bit rocky. November will be rocky and I was going to touch on it.

But he needs to go to 31 40 for Biden to have a chance to win. And if we have two more weeks that will push back, we could get there. So for all my long term investors, you are just going to have to ride this out. But if you want to March, April or May, you already know what the outcome is going to be. And I have a two month push and then go back up, but it's going to be rocky until at least January of next year.

Thank I think just be honest with you, there you have it, appreciate you and appreciate the shot that, you know, that's another thing to Trump.

Might he might not leave you. He might not leave.

I got a strong, like, feeling like if he loses the election, he's going to pull like, nah, we contested it and then he might just pull it like the military is going to come get the National Guard.

I'm not leaving. I feel like a now. I feel like the first time we ever voted was that I think it was Bush and Al Gore. And we didn't we didn't know who the president was going to be until December because it was too close to tell. So, like, if people want to know what this could look like, go back to 2000, 2001 and see what that looked like. And I actually did that today. That would be like a little homophily.

I'll go look what the market looked like during that time.

Absolutely. And then also, Democrats don't have as much of a backbone as a Republican. Regardless of how you like their political views, they're going to stand up. Trump will fight that. And then, you know, I mean, I think that for the election is all about 9000 votes or something like that. So if it's close like shots that he is going to contest. It can be a very interesting year. They said they put in the eviction notice of 20, 20 and B, right, it wouldn't be right if it would be the most stunning thing ever.

Yeah, 20, 20. Yes. This is right in line with everything else that's happening. And why not at this point? You know, why not?

Gilbert, you've been unmuted what's going on.

Amuse yourself, these fellows. I adore everything about you. How are you? Cool.

Cool. I have a quick question out. More so. So the Ian. What are your thoughts on put putting puts on the VIX, because I was having this discussion and if it was at like 30 to last week and thinking about put in inputs for like November in case it went back down, but I just wasn't sure.

So I want you I'm not an options master, but I will tell you, if you're going to do the post, they need to run until at least March. OK, because in November, we don't know what the outcome is going to be, me personally, when I invest, I want to shoot fish in a barrel. I don't want any competition. I want a monopoly. So that's why even when I lean on Apple, Microsoft is because I don't ever have to wake up and wonder what that business fall apart versus Hertz genius.

You know, we've been through this dialogue before, United JetBlue. They're having. Competition and then like also there's no demand there, so it's a good strategy. You also have to know at what point, if you are chartist, you need to look and see at what point. Historically, over a 15 year period, does the big FARDELL, if you don't know that you're guessing, will go up a 15 year chart and mark off the highs.

So my favorite exercises, because any time will breadths above forty five. Now you need to know how long it takes to do that.

Can you just briefly explain what the VIX is, if anybody that might be not familiar with the VIX is in a simpler time? This is the oh my God, everything is Marong Index. So that's the opposite of our market. So the higher the VIX, the higher the fear is in the market. So in March, we were like in the eighties. Eighty five. Yeah. So any time we get that high it means the world is pretty much burning financially.

So it is a think of it as, like a fire alarm or ambulance going around and telling us, hey, things are not going to go with the economy right now. And even though we've recovered a lot, the actual economy is still in recession. Those job numbers for you. So you guys can go look at the VIX, the volatility index, and it will give you a gauge.

Here's a tip to if anybody has an iPhone, which everybody should have an iPhone. Yes, they have the stock app.

So the stock app is on the home screen and it has all of these indexes. It has a Dow Jones, S&P 500. You can put individual stocks up there. So what I have on my stock at Dow Jones, S&P, Nasdaq, VIX, those are the first four things that I have on my stock. So what I'm looking at it, I look at the Dow Jones, I look at the S&P and Nasdaq, and then right underneath that is the VIX.

So if you're looking at the VIX and you see the VIX is going up, it's it's stormy.

Winter is coming. A storm is coming here. So like I was up in Sunny for the past two weeks. So if you look at if you study it for the past maybe 18 months, you'll notice that there's an area where there's stability and that's usually in the teens. So, like, if you look at it and it's like between 10 to like 17, 18, it's in a good spot. Everything is calm now. In the summer we were watching it.

We will watch it. And it's a shout out to the he was like, you're just keeping on. And I'm like, what's the number I should be looking at? He said, twenty five. And so I watched it go to twenty five, but also watch my games on my own.

And then I saw go to 30. I'm like, oh yeah. And then obviously Wednesday, Thursday and Friday happened. I'm like they had a fix one up to thirty five. So that's a great indicator to, to watch. Yeah.

We could do a high tech and be like it's the most important indicator that you must watch for the economy. Right. But if you know, if you don't want to guess that the market is doing good or bad, you guys need to go look at the VIX. The higher if it ever gets to fifty, that's what you really need to start loading the stocks. You're going to get beat up for a month, but it's going to turn around.

And then because it does literally the opposite of one another, the bond market, which my last week has been going up, gold has been going up, silver has been going up with all the indexes. The VIX is the only hedge that you do truly have in the market. For those you asking about UBS, why or any synthetic derivatives that are triple fast or move three times of the economy, have those in your account. Maybe five to seven days, and if you have any regular bets, I will only make that maybe two point five or maybe three percent of your account, because for the most part, you're going to get beat up, but you can go to a calculator and asset allocation allocator and calculator and see how well it would do over a five or 10 year period.

But do not do 50 percent, 50 percent indexes because we did not tell you to do that.

No, this is the oh shot the black. Oh, I don't know who Black Panther was, but I guess Black Panther, Dark Knight has is no longer in existence and he's he's transformed in a form of the Black Panther streak kind of forever.

What kind of have a shout out to shout out to the Black Panther.

Otis, we come to you, amuse yourself. You've been unmuted. What's going on? Hello, what's up? How are you? Oh, this is crazy. I am a brand new Idol member. I just started I just got my membership like like a couple of weeks ago. Well, I just want to say thank you to thank you to your man. You are really, really change the game. I'll be watching CNBC all every morning and stuff.

But they're not giving they're not breaking it down like you break it down. You feel me? Thank you. I just wanted I had a question because. I am looking at I'm looking at RW and I'm just waiting to get that when I when I get the right funds and when the market settles out and whatnot. And I was just looking at the the the next possible depth that can happen. And I was looking at I was like, I don't I really don't see tech.

Of course you're not going to make the big moves that they made. But I still see tech being a a leader when it comes to the different sectors. And I was wondering how you guys spoke about that.

That's a good question. I'm being definitely asked about. I mean, that's a good question. I've been going back and forth with Mark about this. I feel like I personally feel like tech is overinflated now, not to say that it is still not valued because obviously tech is the most important thing in this economy. But I just feel like I told Troy like Zoome, I don't necessarily know. Zoome stock deserved to go up 400 percent this year or whatever, went up crazy.

Like not to say that it still is still valuable. It's still a good company like Elon Musk. People say like, you know, when he said that the stock was too valuable or it was too high, that he was just doing that to manipulate things, maybe, maybe not. But it definitely cooled off a lot this week. So, you know, I personally do think that tech is overinflated at this point. Just because something is overinflated doesn't mean it's not valuable, though.

It just over it's just overpriced. So it has to come down. It has to contract when you see the Nasdaq at all time highs and we're still in a global recession. Are we frozen, can you guys hear me? I can hear your now. That's where. OK, so what we're saying is saying, since we're at all time highs. This is one thing I want you guys to keep in perspective. We talked about it last week.

Do not buy the high, not buy the high. So let's go back to the hoop analogy. If you see me in a park and two weekends in a row, I put up sixty five. How long do you think I can keep that up? Not not very long. Not long. So it's the same thing. Zoom is incredibly valuable. So if you guys a look, I want you to Google and it's going to take you a lot to find it.

But find out how many corporations are paying Zoom. One hundred thousand dollars or more. And that'll tell you some of the reason, because everyone's looking at the free plan in the nineteen ninety nine plan. But the enterprise is where they make a lot of money. So I would say tech is really high right now. We are going to have a pullback and we have a pullback. I want you to execute if we I had a tech issue today with my laptop dial.

So that's I'm not sure my charts. But that's we will go over how to read a chart and then you'll be able to pinpoint where to buy us the all time highs. Don't chase it down by police. You see what I father right there. Did you hear us talking about you? No, no. But in you picked up.

Yeah, I'm not all the money they make in kicking us out with those. We threw him under the bus, man. I'll tell a story like you always me use a different platform like I thought we got. I thought I thought it ended the meeting because we had to issue a zoom a few days ago. So I'm like, yo, there's other platforms, man.

Like it wasn't me this time, but I'm looking like they just kicked us out. All right.

Now, we was we was just having a whole conversation about Zoom. You did a whole. Now we did it like we talked like three minutes. I'm like, no, you can't. You zoom no more like that at it.

Like, if is going to be an issue like, yo, they kicked us out now, but the hiccups as well. But that is also true. Oh, thank you, guys. I really, really appreciate you guys. I love all this. That's what I was saying. I love tech. It goes across multiple sectors. And I was having this conversation with my brother on the day as far as tech. He was looking at the dominos and I was like, it's not really a full company.

If you think about it. It's really a tech company, all the technology that they've added to the company. So I love tech. I love A.W., if you like. I said, if you looked inside of their holdings, man, there are some companies there that you will know very well that are not going anywhere. So shout out to you for picking that up.

Thanks, man. I think if you guys are looking to invest in index funds first, we are here for safety and that's the first technology. Second, third, I think we all can agree. Consumer discretionary, everything else is going beat up. You can make an argument that financials are may have a little bump, but it's like on average financials only go up ten to twelve percent. I think Jamie Dimon is an incredible CEO, but he's still limited.

I like people square better. So if you follow those three, you guys will be good. But this is a game of patience. Everyone wanted a dip. Five weeks ago, four weeks ago, we got the dip and everyone's afraid. We have to decide, like, are you going to enjoy the dip a to boat? Are you going to change an all time high if be like the Robenalt traders?

I know it's obvious now somebody said that you should merge debt, load the boat.

I got somebody in here I got to talk to you about the amazing load the boat.

We know some guys I know something about. It's become a very popular kunihiko. Somebody will stay with somebody who is like, yo a load, like load the boat like. Right. Like where they like. Yeah.

I was walking one day exactly like yo tell him he should put that on his t shirt like is so they Jackie O is becoming very popular.

Yes. So that's yours. We don't even go. That's yours. That's all your shots. All my band people out there, they went crazy and everybody says ha, don't worry, don't worry. We got something for that. It's on the way, people. All right, Kevin, what's going on? You've been unmuted. Hello, how. How are you doing, fellas? We good, good, good. I actually didn't even know I was about to get nominated, but I.

So basically, me and my girlfriend, we just joined the chorus not too long ago. And we you know, we really appreciate the concern you guys putting out there. So shout out to you guys. But I appreciate your.

I have a question for you and this audience stocks, because I've been you know, I've read a couple of books here and the you know, and I read The Intelligent Investor in it. He talks about the margin of safety. So if you could just discuss that a little bit, if you can.

All my decisions are what do I want you to tell me what you learned about it and that I'll help with some thoughts now that I mean, listen, I'll be honest with you.

I don't I don't really I didn't really understand that too much. So I don't really have much to tell you. Like, I know. I know, for example, Warren Buffett, he always talks about how you could understand Chapter eight and Chapter 20 from the intelligent investor that you would get something big for that book. You know, so I know like, for example, the analogy of Mr. Market. You know, when it comes to margin of safety, I don't really I don't really have too much knowledge on that.

What I want you to do is come back next week. I want you to go through a couple of times and also I want you if you have telegraphed my username is Red Panda here. But the reason I do it this way, because I want you to be able to internalize it for yourself to anything ever happens to us, God forbid you are able to dictate your own path. I'm not trying to dismiss the question because anybody who's a red panda, I do this with them every day.

But as far as margin of safety, I want to give you the answer, but I want you to go back and at least highlight or your stock, and then next week we can come back and have a more detailed discussion about it. Don't feel bad, though. The book is a tough read. So if it's one of your first ones, don't don't feel better. I'll just come back and. I'll be able to guide you through, but I need you to read it maybe two or three more times to analyze it.

Sounds good, boss. Thank you very much. Appreciate your. Can we talk about Tesla? Absolutely, Tesla, Tesla. I put it on Instagram today that Elon Musk is rumors that's been swirling around for a while now is like the worst kept secret that they are rolling out their million mile battery on September twenty second. So that's cool.

Which the after the 18 million million more battery.

So, you know, a lot of people are very excited about that, obviously for a variety of different reasons. So but, you know, it's more than just that. It's going to be more than probably just that, like I was talking about today, shot the mark and he was saying, like, you know, at the the press conference or they're going to talk more probably about autonomous driving. I was just going to say that robo taxis, you know, all of that plays a part, self-driving cars, things of that nature.

So it's like, all right, the million man battery is not really that, like, crazy because it's almost there now. And it's like it's already kind of expected. It's not really going to change necessarily.

But I think self-driving technology and we have to talk about self-driving technology at some point on this show, because we actually did a podcast about this last year with wammo. So WAMMO is Google is Google's self-driving car technology. And Uber sued Google because they actually took their technology. Uber was working on it first and then whammo, Google actually recruited. This is like some real espionage they recruited top. So what happened is that the CEO of Uber and Google became really good friends and all the whole time they was planning on taking their technology.

So they recruited their top engineers over to Google. And then they started a side company called WAMMO, which is Google's self-driving car technology. A lot of people, even though Google had a self-driving car technology company and now Google actually sued them and they won the war, they settled out of court for a lot of money. But self-driving car technology is really it's not something that is like they already have the technology now. It's just not legal. They got to pass it.

But I think this is something that people need to pay attention to. It's not like a fantasy movie. It's not the Jetsons. Like very soon we're going to be having cars that drive themselves and very soon we're not going to be driving cars. And that's why it's going to be more than just the car that parks itself is going to be the car that picks you up from your house, drops you or goes back home and you order it to come back to come get you, like, really the Jetsons.

You know, I'm saying like spaces practice for my eighties.

Maybe so. So, yeah. How how do you how do you feel about that, Ian? Tesla, the twenty second at the Million Man Battery. How you feel about all that.

You know, I love Tesla. Do you think that they actually got hit the number or do you think it'd be like nine hundred eighty five thousand miles.

I think it's going to be one point two million I think aren't always going over. You know, we always over here going over one point. So sure. I read something actually where I said it's going to be is actually one point two million miles. If they can deliver that.

And I've already said this before, Tesla has no competition. You may have other electronic vehicle makers, which you guys got to realize that it watching. Also, we're doing alright in solar. But just from a brand perspective, the brand is worth more than every everyone else in the space combined. But if they hit one point too and have any other rollouts, I mean my target. Protests are still a grand, but they have a lot of room to go.

I always said he is this generation's Steve Jobs. That million Mountbatten is kind of like the iPad. Had one hundred thousand songs in your pocket. So I'm seeing like the same monikers and the same kind of structure. Not enough. I think they have a very good chance. And I think there probably would be one of the most dominant companies of this decade.

And I just want to say one last thing before we go back to a question. So, IRA, no, the question is going to be, shall we buy calls on Tesla leading up to September? Twenty second because people will be excited.

The thing about it and one of the favorite my favorite quotes of all time from our podcast was our big business when he said he was talking about real estate and he was talking about a lot of people that's buying real estate and they take equity out the homes and using that equity to buy other homes. His whole thing was every four houses that you do that you need to pay a house often for because you're over leveraging yourself. And his thing is like it's not even so much as the real estate market goes back.

What if the economy goes back? He said that in February before Korona Like what if the economy tanks? So the problem with all these short term option plays, even if you put together the best strategy and you going off the good news and charts look good, what if the economy tanks? Like what if the economy falls apart? Right. So that's why it's like you have to be very careful with the short term option plays just based off of good news because A is still a guessing game, because what if they come out it's only several hundred thousand miles or what if it doesn't say now you're screwed?

It's the same thing people playing earning calls and then B, it's like what the short term option plays or just short term investing period. You have to take that because like what if the economy falls apart, everything could be going good. If we get something like what happened in March, it doesn't matter. Everything is going to go down regardless. So it's just something not to say that you can't make money in short term options. You can definitely make a lot of money in the short term option.

Please, but just be careful.

Be very careful that you need the most. It's time you guys are trying to get in for a week or two. You're much and the calls are expensive. Expensive. But it's like if you're trying to make a good move and you don't have preexistent discipline there, they're not going to hit a home run doing that like leave earnings alone, because even Apple apropo a lot from Thursday and Friday. Did the value of Apple dropped off the shelves? No, just the economy has not recovered yet.

And got a lot of you complain about the dollar falling and quantitative easing. We will be in The Walking Dead if they didn't print that money like we would have been in for, like, you guys think it's bad now if they let that sort of thing go? Would've been hell on Earth. So and now we rob Peter to pay Paul for so long, we have to keep it. I kind of like when I started the record labels as buy albums and say an artist is going to sell 250000 the first week and then no one was playing an album out on the streets back in the day.

It's the same thing, but they have to continue to print that money in order to give us some leeway for people to want to put their money in, because if the engine that is the market stops. We're going to go to utter devastation. And we don't want that, so please be careful with any short term investment as his home for Sharlto, I forget who it was, an investment group. I put up a graphic of all these these calls that had just gone bad.

They were all red and they posed a question like, what was wrong with this picture? And every one of them was a short term call. So that's why we said, man, always give yourself time, always give yourself time. Please give yourself time.

Especially a lot of us a new one. This option game, Tony, short term wants it. It can hurt like I hurt when it goes back. Got drugs the other day, you know, because because the sun is trading and he's he's in calls and they're good. But when the market fell, they had to cap the last one million he lost.

Right. Forty one million. Seven percent this way, I tell you guys, you have to know what your percentages when you get to this march, I have to say properly, wish I was like a dead wrong with taking profit that comes from experience and of having a loss like it may not seem. And I know you guys are seeing people making two or three hundred percent, but they're not telling you they're drawing down 80 percent either. If you can consistently hit between twenty five and fifty percent, you are killing the market.

Be patient. Please be patient.

The noise affects shout jobs on a superstar. He says shout out to the it was written vinyl in the back in a blue print one to. Effect. Of course those dudes raise us so we always go paid as well.

Which album is better. I mean, for me, you got to realize, you know, coming from New York, who we got when I was 12 years old, when I was 15, when I was 12 years old, UDC know UDC. Yeah. Who do you see was a tournament in the Bronx?

It wasn't a problem because Avenue 17 uptown and I never forget I was playing.

I was 12 and I heard, I heard the songs. It was it was I came to see because it is cursing but I heard it and it's just like I had never heard anybody. I never heard nobody rap like that like me. And it's like that's like the first album, like I really like brought like paid attention to. So it's like I feel like the kids listen to now, like they grown up on drill music like I mean like we grew up on, on, like Jay Big.

So just that level of sophistication. And Nas was talking about at twenty four years old like Nas was, he was just different. So for me personally I say it was written because it just, that just changed my life. Like that album changed my life. But that blueprint classic, that blueprint is definitely a classic. So you know how to Jamie gonna go get me on this.

I got Jay's. My God I've said it. Nas is my guy is the first artist I wanted to be like, you know, like I wasn't wasn't Michael Jackson. It was not I was like, that's why I wanted to be like. So Illmatic obviously is the greatest one. But that blueprint. A blueprint is the blueprint, a special jasa. That's what they say when we stop talking about them. I said to be sitting right next to us, so we're going to keep saying his name.

And so he said next, you're not going to help us get some tools.

So that's going to happen. Let's let's go back. Let's go back. Kumara. I hope I said that right. I've been up in two weeks straight. I ain't got no names. Let's see if I get this moment.

I say right. Yes.

You said on only three weeks you got it right. Yo, what's up? Hi, how are y'all doing? I just want to say I'm so excited to finally get through. You guys are amazing. I, my wife and I join your your club. I'm so excited, but I want to learn more. So we invested in Apple and we invested in Tesla last week when they did the split. And we're continue to load the boat and dump money and every week.

Thank you so much, Ian.

But I really want to get into the trading in futures. I'm trying to build generational wealth, financial freedom for my family. Unfortunately, covid, I lost my my oldest sister. So I'm now the the matriarch of the family. And I have her three kids and six grandchildren and my stepsons that I have to look out for. So I need some, like, real simple basic steps. How do you get started in trading, you know, like a step one?

Just simple. This is step one. You do this, you go there. So that's my question. And I'm going to step back and thank you. Thank you.

Thank you. Bless you. And blessing to you. My condolences for the loss of your sister.

So that's heartbreaking. I'm sorry about that. This year has been tough, so. Yeah, my condolences on that as far as the futures trading. We would have talked about it today if lost lives and that would have worked. But Murphy's Law will announce next week. We'll probably drop the Affordable Futures Trading Program next week, but one thing you can do is go to ninja trader dotcom, download the platform and but the most important thing for all of you who want to learn how to invest.

Download a demo account and you can start practicing because until you begin practicing. Because you have to really see if you have the discipline and most importantly, the passion for this. A lot of people want to trade for money, but you have to love this like a sport. So I will go to Ninja Turtle Dotcom, download Ninja Turtle eight, there's a free setup that I have out there called the sniper set up that I can give you and then began practicing every single day.

I will tell you, if you if you can get this down in six months to a year. The money issues that you may have, and because, of course, I've always said that when black people get hurt, we have to take care of so many people. But if you can get this down, you will be able to take care of them easily for the rest of your life. Of course, it has risks. You have to be patient.

But that would be my advice to you to start. Anybody who wants to learn how to treat anything, just go start trading as light, as kind of light. And I'm not saying you, but for every one of those, you know, you two, as I said, I want to play Call of Duty, but you never turn on your for either you want to play the game or not. So I just start tonight, practice every day and you guys will be good.

Come on. Can you do me a favor? Yes. Can you text me your email address in the chat so I can get it. I will do. I probably just send it right to me. Right to Panelist's. OK. Thank you so much. Appreciate you. Have a good night. Bless you. And thank you. Thank you.

Thank you. Yes, so we're going to take care of you. I'm going to put you on our program for. Boss, what's going on on yourself? You've been unmuted. Dagos, you see, you will see you now. You got to amuse yourself. Oh, of don't do that. I'm here now, quick question, is that is that a Mets jacket? Is that a Knicks jacket? That's a orange and blue crew slash next type of jacket.

All right, type type of jacket type of. The next thing I know, it's just a perfect perfect. It's just a color. Just a color.

What's on what's going on, bro? And I'm doing well, I have my my 11 year old son with me, he actually had had a question, but he was too scared to jump on. I was trying to get him to teach them about stocks and trading, long term investing and all that stuff, teaching them about money, basic steps to try to get them to ask the question. But he he wanted to he wanted to know for me to ask.

And he's like, how can no longer not thinking about long term. I also lost my lost my mom this year.

Wow. So I definitely set up a world for myself and trying to leave them some money also for my daughter too. She's only eight. So just thinking about wills and they have their own money.

And I set up a no through TD Ameritrade know their own account.

So I set that up this year. So I've been trading I was excited about the start. The stock split. So definitely with Apple, it finally got a Tesla and he was excited. I got a test. You got a Tesla stock and also my daughter as well. So just thinking long term. And like I said, I'm starting I'm starting off from basics, just figuring out what what I should continue to do for them to to build generation of wealth, not only for me in the short term with those stocks, but also long term for that.

Yeah, for sure, yeah. Shout out to your son for even, you know, being enthusiastic about impersonated such a young age, he's going to be going to be a monster when he gets older, for sure. Shots of him. But, yeah, I mean, I think your question was like, what can you do to further invest for your children? So, I mean, you on the right path is what we talked about it a few times.

But, you know, my account and my account, which is a custodial account that you can set up to TD Ameritrade, Fidelity, any type of brokerage account like that. And you can invest, you can invest just how you invest for yourself, which you can invest for your children. So, you know, you can invest in stocks, you can invest in ETFs, you can invest in index funds. And then when they reach legal age, you know, they have control over it.

But until then, you can put it, you can invest under it, under you're the custodian for benefit of them. And then, of course, the 529 plan is a way to save for education. So if you're interested in saving money, put your education in a 529 plan. Each state has its own 529 plan, depending on which state you live. And you can also get a state tax deduction. A lot of people aren't aware that you can get a state tax deduction for the 529 plan.

So and then life insurance, we are actually going to we got a whole situation growing and we got some family planning because it's a lot even talking about like different trusts. People talk about trust a lot. But if we can have a whole conversation, like what's the right trust to set up and how to go about that and you know, how to properly set up a will things of that nature. So, I mean, those are just a few tips, like I said, without even going to you know, because we can really talk about that all day.

But we got to do something special. We got some we got some special some special coming months just for that.

But you on the right track continue to say continue to invest, index investing, ETF investing, stock investing. And you want to add anything to that.

Now, the only thing I was going to touch on everyone was talking about in June was life insurance. It's probably one of the safest. But when you guys get life insurance, I will talk about the good side of it. So the good side is the money is guaranteed, the ugly side the people don't tell you about, especially for those of us that are African-American or Latino. You have to check on your policy. Please, you have to have your paperwork set up, so if you pass, we don't have to go in the shoe box, right.

Or look in a drawer, because insurance companies are also betting that we won't have all of our paperwork and won't have these conversations in public and in private with our family members. So I've even been in situations with family members when I was, oh, certain things. And because certain paperwork was not taken care of, the payoffs were different. So stay on top of that. And same thing for my business. I'll tell you, check your accounts every day because even the banks to try and get over on, check your balance.

So every three months I will call and check on your policy. Don't just wait until you pass a bill like, hey, grandma said she had a two hundred fifty thousand dollar policy. And I was like, okay, we have enough to cover the general. Because it can cause a lot of drama inside of our families so that life insurance is one of the best things that that you can do for your children and it's relatively cheap.

And please, please, please. And I think Jackie told a story, update your policy as your life proceeds. So, like, when I started, I had no kids. I had no wife. I think my brother was my beneficiary. My my parents, obviously, as I've grown, I have a wife. I have two kids, beneficiaries of change. I think you told a story with somebody remarried and forgotten to never change the beneficiary of a change of beneficiary sort of ex-wife, ex-wife got a change of benefit.

Keep your beneficiaries up to date. Please update your policies. Thank you, boss. We appreciate you, bro.

Thank you, guys. As I call you guys, Dream Team 92. Thank you, guys. Appreciate it. You're doing a great job. And you will earn them, you take an order, right? I want I want to just say so I saw something on YouTube. So, Ernie, Alysha, we never we never our platform isn't built on gossip or, you know, tear somebody down or whatever, like our platform is designed for information, I think that's a problem in our community.

A lot of times, like we love gossip, we love negative things, like, in my opinion, we focus too much on negative energy. And it's like we got to be careful about joking about situations, about people's downfalls or people losing money. Like, to me, that's never really funny. I mean, because you got to you got to really be careful about what you find humor because you put that energy out there and it's going to come back to you.

So I don't want to talk too much about that situation, but I would say that people should probably focus more on getting their finances straight, worrying about themselves. I think a lot of times in our community, we worry about other people, everything else that has nothing to do with ourselves. And then we stuck in the same spot for generations. And then we wonder why we can't make any improvement. Like it's an unfortunate situation. But a lot of times people really don't know how to actually get their own finances or their own personal family situation straight.

They want to worry about what everybody else is going on. Like me personally. I don't worry about gossip. I don't worry about what anybody else is going on, because at the end of the day, nobody is going to feed my son except for me. So I think that, you know, we don't want to put too much time into negative energy.

But I think that, you know, it's important to keep that keep that in my pocket, that you deserve that effect as a as we come to you, our mutual self. You've been unmuted. What's up? We are all one trying to get into that spot. Andrew was on one and you hear me? Yeah, we hear you. Oh, I'm so excited.

I didn't think I was going to get it today.

Where are you calling from? Boston, I just joined in while I think a week ago. Welcome to the family. Can we get some our crowds up in chats with him? Welcome, welcome. Welcome. How are you doing? Caps up. What's going on? First of all, thank you guys for this for giving us this information. I'm a I'm African. Obviously, I just got to I mean, I knew about the stocks, but I thought it was just for the reach until I guess covid had to to wake me up.

Now, I'm probably the first person to invest in the stocks in my entire family lineage for thousands of years ago. But anyway, it's amazing, isn't it?

Incredible. Incredible.

Yes. So I just have a what are the guidelines going to ask one question or two questions?

What was the what was your question? The next question will be for next week.

All right. So I'm right now, I'm I'm using Robinhood. I have a few shares in Apple and Tesla and a few other companies. But then I started doing options on Robinhood. So my question is about the taxes, because so many people are talking about switching to E-Trade and talking about like if you sell if you sell your options, if you make some money, the capital gains tax and you know, I was wondering what's the best scenario to maybe to avoid the 20 per cent tax?

And if I don't withdraw the money from the from that account, is it counted as earnings? I mean, and then the three accounting e-trade. So it's been confusing for me. What's the best strategy to to encounter Uncle Sam? Because I'm not trying to to sell my options, be under pressure. And then Uncle Sam wants to take everything, you know what I mean? So what advice do you have for me in terms of taxes and dealing with that?

Yeah, that's a good question. We actually we talk about that recently. We talked about that a lot, especially with the short term plays and stuff like that. You got to take that in consideration. If you sell something before a day, you're going a day. Is short term capital gains tax. If you keep it for over a year, then as long term capital gains tax, we can save you like 10, 15 percent, depending on which tax bracket you're in.

So the first thing is that if you if you don't have money, save for your retirement or you want to save money for your retirement. You can you can you can always invest inside of an IRA that helps out there's limits to how much you can actually put into the IRA. But that's an option that you can put money into an IRA. And no matter how much trades you make throughout the course of the year, you're not you're not going to be taxed as long as you actually keep it inside of the IRA.

You don't take it out. Other than that, I mean, you really have to think about is it worth it? Like is it worth, you know, taking money out of the short term play right now? Or is it just makes sense to hold it over the course of a year? That's really your individual situation. But you've got to take that into consideration. A lot of times, people with day trading or people doing short term option trading, that's not really talked about enough even.

It's like what about options? Especially you start you start to really have a lot of money. And in situations like that, 10 percent to 15 percent difference is a lot of money. So that's something that's not really talked about enough either, is they it's all good while, you know, tax good that that tax bill come you get at 10:00 at night and you don't even realize how much money you actually made.

And it's like, damn, I just made eighty seven thousand dollars that I got to pay taxes on because I sold it and it's like thirty five percent capital gains tax the short term and that's hefty. You already spent the money. So Money Gone is but consultant consult a tax advisor, consult a CPA. I think everybody should have a CPA and ask them questions. We're going to be we've talked about it before. We definitely won't bring a tax professional.

I want to give someone some some legal tax advice because we're not tax advisors. But that's something that's not Towser. Well, just Wednesday, this business is going to put you while university. But that's not something that's not talked about enough either. I think that that's something that's very important because people looking like how much money they make, but it's not how much you make is how much you keep.

You keep. So I guess that big balance guideline, you get it in, Andrew, I'm not mad at you for trying, though.

There is just I just I just didn't get that clarification I was looking for. That's why I wanted to kind of switch it up.

And it's the same question. OK, this consultant, adviser one. Number two, if you know these open options because you're going to get taxed more and I always say no matter how much money you make from trading, you will be better off. Hold it. Hold it in for five or 10 years because you're going to have more money in a 10 year aggregate than you are in a 30 day or six month cycle. And it's also going to lower your tax bill if you're going to continue to trade.

I need you to write down the number of trades you're going to take per year and do not trade out of the same long term account. And you don't want to trade out of that at the same time because those have to be two separate accounts. But go talk to an adviser and they cost maybe 200 bucks to get a counsel with him or her, and they'll be able to give you some guidance there on what to do. So I'm not trying to dismiss you, but you save a lot of money if you limit the number of trades you take on the actual side, especially if you're not incredibly proficient and put it into long term investment first will be good.

And Derek. Yes. The slides that I did not get to do this week, I would do next week.

Don't worry about. We got you, Andrew. We appreciate you. Appreciate you, brother. Wednesday, tune into the classman. Definitely be it Wednesday. It's going to be a big one.

Is it on YouTube? Oh no.

Not as exclusive for you. We'll put the link. Are you. Yeah, he's a member. Yeah. You can email the link and join the Facebook group if you're not on Facebook.

I did think I would see you on the other side, bro. Appreciate you. Things about the Beantown. You know, YouTube shot to YouTube guidelines, we hold this show. Thirty eight hundred. That's a very impressive video. But all of it, all of the difficulties that we had, the holiday, that's this is very impressive. Very impressive. Gina, what's going on?

I'm curious if you've been unmuted was a little. Thank you. I have a question of a sort of along the lines of the guy in front of you just said. But I just want clarification around. If you sell a stock but you don't take the profit and take it into your your regular Internet account, but you use it to another stock or something like that, are you still taxed for short term capital gains or are you. Not yet.

Yes, that's a good question. Yes, you are. If you if it's in an IRA. No, if it's in a regular brokerage non retirement brokerage account. So if you have Apple and you sell Apple and it's in fidelity and then it automatically goes into the money market account and then you buy Google next week, so you never put the money in your bank account, you still sold it. So it doesn't it's not like I, I have hasn't left Fidelity, so I'm not going to get taxed on it.

If you sell the position, you're going to pay tax on it.

All right. Thank you. Thank you, Regina.

I think she might be noha this maybe I've never seen a name. Welcome, welcome, welcome. Let's get to know Rosie. Raise money and see what is brave money, amuse yourself, you've been unmuted what's going on. You know what, fellas, everything good? How are you doing? I got a quick question. This one probably going to go west for anybody, but I'm guessing it will go to the end. But I'm hearing a lot of talk about correction.

Correction, what happened Thursday, Friday was due to a correction and I think will be real beneficial to everybody listening. If you could go into the anatomy of what a correction is specifically, because what I heard Wednesday night, Thursday morning, is that like a Nasdaq? Well, like took profit or shorted or did something, and that triggered like an avalanche in the market. So if you could go into the anatomy of of what is actually taking place, the kind of trickles that off you from you from DMV.

Yeah, from D.C., yeah, I knew it, I could tell by swag, right accent, but that's a good question. You want to know that.

Yeah, everyone can write this down five percent, drop one to five percent as they pull back. 10 to 19 percent is correction 20 percent plus, and if the economy contracts for two quarters in a row, that is a crash. So one to five percent is a pullback. So if I score fifty eight and the United Center and then I score fifty nine in next game, that's sixty three for my average is twenty eight. At some point I'm going to come down to my media.

So one of five percent is a pullback. 10 percent to 19 percent is a correction. And we have some correct thing to do, but it's more so now look at it like and kudos to Michael Bennett because he put this out last week, like, you have to realize that we're having the civil unrest of the 1960s. We're having a global pandemic, which is kicking our ass because we didn't do what we needed to do to help protect the country at scale.

Then were also having an influx of retail traders, which the industry wanted. This is the part that no one seems about investing. Three years ago, the entire industry was like, we've got to get more people into the market. Robin Hood made it simple now saying cycle, Robin Hood, trade is wrong and everything you have to pick. And then on top of that, we're still dealing with trade wars and an election cycle. We don't know who the leader is going to be.

That is a gumbo for disaster. So with those things mixed in a pot, the market is going to go up and down. People love the volatility on the upside, but hate it on the downside. It's a part of the game, just like a muddy mess of the game. Talking about it, you have seasons, summer, spring, winter, fall. It was beautiful and balmy outside. For a long time. Everybody was happy about Apple and and now, you know, you got a jacket on.

You know, you've got to put a look. Carhartt, if you're in New York, play the best of Braveheart's right now. You like it, then we're going to have a drop.

But this is the key point I want you to take away when the market drops, you need to know where you want to buy. You need to know where you want to buy it. That's why I tell you, do not buy the house. We are still at a recession. Technically, it's going to take a while for us to come out of it. And then the jobs that were lost here will not be recovered. Those job numbers for you.

Go acts 20 people that, you know, if things were better for them now or they were three years ago. Because the data that's reported in the overall landscape are two different things. So once you get one to five percent of the pullback, that's normal. A correction is 10 to 19 percent and a crash is 20 percent. And the economy is going down for two quarters in a row. Appreciate your brave money. And yet there was what there was a question that some so yet on the taxes, if you lose money, that can actually help to because when you lose, like, so you can actually you take deduction off of that when you lose money.

So a lot of times people at the end of the year, if they have a losing stock, then they'll just sell that and just take that loss to to like, you know, go against their earnings. So, yeah, if you lose money, that can actually help you on taxes because that's going to go against earnings. These are my assets that I would like go what if I lose money? They're capital gains. I'm like, well, there's no gain.

So think of it like it's a loss is a loss you portray as a loss. So that's that's actually beneficial. You know, you might you need that every now and then scenario. Yeah. Well, we got. Let's see. So we'll go over charts that you guys can over here, because I saw a lot of you guys buy an apple at the all time high and tested all the time. I'm like. We went over this for one of the things that I want to reinforce, because I brought up that point about being silent.

I want you guys to focus on your plan and turn off all the noise. Like if something if a house is worth one point five, there's no reason to pay to point to in it unless there's cash in the closet. It's the same thing, I love Apple just as much as anyone. I'm not going about it all the time. I I'm not. Know your strategy and stick to the script, and it's interesting because, yeah, we were in a recession right now, but stock market is almost at all time highs, so usually that doesn't happen.

Usually the last recession that we had, 2008 stock market crash as well. The stock market usually, you know, crashes during a recession.

They were they were saying, I figured, well, maybe The Wall Street Journal, this looks more like a curve right, where the economy is going one way and the stock market going the other way. They got a new letter every week.

I was like, I've never heard of a Chaker hour, but I guess it made sense. It what's going on? You have been unmuted yourself. That's the first one you got wrong, is Gary. Oh, my bad. What's going on?

I heard way worse than that, but not just that question. This is this is my first time being on and welcome.

Thank you. Thank you all for having me. Thank you for everything you are doing. But I'm twenty seven. Just opened up a Roth IRA a little over a month ago. So far I've been able to put three thousand into it. And I went back and I listen to episode and I know. I know that you guys talked about you spoke about the Frank legendary episode. I know you guys spoke about the Franklin Technology Fund. I was trying to find it.

I wasn't able to find that one, but I just wanted some some insight on where I should be going for long term for my Roth IRA. You talk about the Franklin Domestic Fund, right? Yes, sir. Yeah, I think the symbol for Franklin Dimetapp fund is F, K, D in X. So that's the symbol for it. If you're looking for it, every brokerage might not have it because it's a mutual fund. But you can you can buy it directly from Franklin Templeton, a financial advisor, or I think Fidelity has it, or probably the big the big brokerage accounts have it.

But that's the that's the symbol for that fund that we spoke about on that episode. So, yeah, if you're interested in that and then long term Roaf, me personally give his take on it. But Ian actually spoke about it on the episode as far as retirement, his his strategy of tech and and indexed. So you wanna talk about that. Yeah. Yeah.

And for those I know, you're sleeping on the dollar tech shop being humble about it.

But I was like, because if you look at what the year over year returns, it's one of the safest, even with the feet of it being a mutual fund. I like index funds more because of expense ratios are lower. But if a mutual fund is good, me twenty five and 10 every year you've got to drive draft. So but my personal strategy I like have indexes and have tech and a lot of people beat me up about it. But it's panned out well, we recorded our episode before Korona hit covid it pretty well, but if you start now twenty seven, I think you're being invited.

Just invest in the indexes and then adding technology to it. Because, of course, like the way I think you can beat the market is by investing into the market, the S&P 500 or Dow. And then if technology is getting anywhere from 12 to 20 percent, if you pair the ten percent with 12 to 20 percent of a company, that puts you right above outperforming the S&P 500. But the one that he mentioned. So you guys go look at a suit expense ratio.

But most importantly, I need you to go look and see. Over the last 10 years, what kind of results has to give more and then it can give you? Some insight on what you could get over the next 10 years. Indexes in tech are good. OK, I thank you all so much for that. And Troy, I did Dimiceli, I came to Atlanta last year. I came here to meet and greet. I mentioned we sit outside for a long time and had a good conversation.

So I thought, yeah, yeah.

Wait, wait. Did you have did you have the dealership, the dealership right now. Just say it. Yeah. That was like, you know, everybody got a business out here. I mean it definitely.

I've been on the train for a while and I just doing it while university. But thank you for everything. That's a fact.

I remember that conversation and I appreciate your shots. You got a dealership at twenty seven.

You know, I'm trying to go the he probably got two or three of them now. I'm trying to think out loud bro.

Thank you. Whoa, that's crazy.

We have like a whole hour conversation that night to eliminate the only thing out there. Yeah. We were supposed to tape it episode after I was telling them that we we had sat down to somebody really big in Atlanta. We had dinner at the Moroccan's 500.

And I was like, yeah, we go to that bar, I tell you today, as though it was gonna take fine fire.

I better get shot of flowers right now. Right now. But I have to think I mean, I was like like I said, I'm I'm a big believer in like I don't I feel like the problem with the Internet and just, you know, everybody has their own personal agenda and everybody's like writable like by term. Don't buy my whole life, my whole life. Don't buy term buy index funds. Don't buy me. I think there's pros and cons with everything.

So it's like people say that they knock mutual funds because you pay a fee, but it's like the Dimetapp fund. Yeah, you're paying a fee but is averaged eighteen percent a year, something like that for the last ten years. Net of fee.

So it's like are you averaging almost twenty percent a year. Like to do nothing. Exactly. You're not doing nothing. They manage it. I mean that's, that's the fee. That's the reason why they charge you a fee. So like some some mutual funds are bad, like all things a some of them are actually good. So it's like if they deserve a fee, if you get 18 percent fee, you might not know anything about investing at all.

You just like, hey, I just manage my money for me.

So I think it's. Yeah, go ahead, guy. Same thing with cash. Yeah. Like she charges too much. I'm like, look at her returns. You're getting a multibillion dollar investment and I see you for pennies because if we had like 50 percent expense ratio, her returns have been insane.

So and a lot of like you said, people argue index versus mutual fund. It's better than doing nothing. I have to put your money somewhere allocated. I know Dave Ramsey loves me too, because I like indexes more. But either way, it's better to do something to not than if you can go back like you talked about an episode and look at it since inception, they can put up no since the very beginning. Franklin Templeton is a strong company.

You can't go wrong. So you got to look at that tonight.

They shot everybody in the CHATMON. They actually given the links. I see some I put the bar chart link up here for for the fun shotgun.

Tomika, what's going on? You've been unmuted. Let me just give you just a good evening. How are you guys doing tonight? We're doing great. How are you? How are you? Can you just tell your volume down a little bit? A little bit?

Yes, sure. Thank you. Is that better? Yeah, yeah. I just have a question about trading in your Roth. I haven't done that, so I just I'm just wondering, do the gains that you sell like your your gains? Does that count against the limits for the wrong? No, the limits is how much money, how much money, how much money you put in when you put it. OK, thank you.

No problem. But be very careful for those of you that are over traders, so if you have a very strict plan and you can add some gains, but be sure not to overtreat because I've known some people that have had some good accounts and they turned them back by trading too much inside of a. That's perfect, overtreat overtrading unless I got a new name is good. Tamara, what's going on? You just said if you've been unmuted. Hi.

Hi. Hey, how are you? My question is. If you wanted to, I guess, protect your self in terms of, like how this quadruple witching and stuff is coming up, how far how much farther do you think the trap is going to go into this period? And how do we identify bottom like how do we know when it's hit the bottom and it's time it's coming back up?

That's the magic show with the value of the ten million dollar question.

What indicators should we be looking at? We've talked about it before, inverted yield curve, and then also you have to a look at charts. So from our technical chart, like let's say you use Bandz. Whatever your time frame is, you should probably look 10 to 20 percent underneath their. Apple hit the top ban or top of resistance, you should start to mark off 30 percent down from their. Or if he does, you actually, that's why I hate that we don't have to set up to sort of walk you guys through it, but the tough part about that, like everyone knows all of the information, but it comes down to who will execute when the pressure is on.

As we saw in March, everyone was afraid Apple was at a perfect spot to buy in March. So was the Microsoft people wait because they're like, man, I don't know if the market is going to go further. I don't think is necessary to identify bottoms all the time unless your profession. But I will tell you, we were probably. Be on a roller coaster until January. I will say that. And three years old, and you guys don't even remember this, the same thing happened last election and I traded the entire night of the election.

The war was about to fall apart. If Hillary won, the war was going to fall apart because the emails were going to come out. If Trump got elected, the world's going to fall apart regardless, the Fed is going to do what they need to do to keep the market up and then things will slowly start to turn around. But no economy is going to boom forever and it's not going to stay in bust forever. This is just part of the cycle.

We go up and down, up and down, up and down. We'll go over next week when we go through the charts. I'll give you support and resistance, all those things. We've got to watch those things, but appreciate you shout out to everybody that tuned in tonight. It's very impressive holding. Like I said, we had thirty eight hundred people on YouTube. If you guys can like this video on YouTube that great, that greatly helps us.

We appreciate it. Don't forget, Market Mondays is on all podcast audio outlets. If you missed any of this portion, of course, you can go back and watch on YouTube. You can also check it out on audio, Apple, Spotify. So make sure you subscribe and you'll get your notifications for that. And yeah, yeah, we are very humbled and appreciative of the support that we have gained market mon's. And we want to we got some some big guest that we're working on getting and the future looks promising.

So, Ian, appreciate you again for putting on another stellar performance. So don't stop me and no one stops us.

What would you what would you like to say to the to the people? I love you guys, I appreciate you all for the support for those that are brand new and you are terrified or you can listen like I don't know what the hell you are talking about. One book you can reference is Money Master of the Game, and they to make it very easy to stock index funds, you'll get exposure to all the top companies and it's the great part.

They don't have the volatility in them, but some of the other companies do that have gone up 20 percent and then fallen 30 percent. So if you're older, you want to safely just invest in indexes. You're good for my traders. The most important thing I want you to do for the rest of this year, it's not about how many times you're going to hear. And lastly, as always, go check on somebody you love because twenty twenty has been a crazy year.

We do not know what's going to happen. So check on people that you love and don't take them for granted. And then once again, thank you all for that vision from being solid. You know, and thank you for like the personal talks, because you guys, like, coach me through a lot of this stuff, too, and how to navigate certain things I appreciate in the future.

As bright as a real quick, real quick, I know it is September and tomorrow marks the start of school for a lot of my people in the educational field. So I just want to wish you a blessed year is going to be a trying year. But I just let you know that I'm here for you. I am you. I support you and God bless, because it's going to be a crazy day. This is the first September since I was five that like September did mean going back to a school.

So this is new for me. Shati going to say his goal has been reached. It's only going to get me out of school. So finally, this is the first time. So I just want to let you know, everybody in education, my thoughts are with you. Our kids are the number one priority. So let's make sure that we can help help them out. So if there's a school that is near you, I implore you, I encourage you to see what you can do to help it, whether it's sponsoring some kids to get supplies for their schools or sports from teachers and getting supplies to them because this is learning is distant.

Right? So if we don't have resources and if kids don't have resources and they don't have access to getting them, this becomes even more of a dangerous situation. So I implore you to do that. Encourage you. I love you. Yeah. And next week is a big show. Big show. We got a lot, lot planned for next week. So make sure you in early next week and tell a friend to tell a friend, spread the word.

We appreciate you guys. And yeah, we'll see. We'll see you tomorrow on our on our latest ninety nine.

We almost had one hundred nine.

Next week is one hundred, one hundred and four so far only least. So time flies man. Time flies. Y'all make history.

Crazy, crazy. We are. This is history. We're making history right now. This is history. So I appreciate it.

I'm glad to be here. You guys made a dream come true. So I keep a rock and let's keep right.

Yeah, that's OK. We'll go to charts happy. So I think it would be very important. I want to at least have. Some kind of idea to know when we're at a top, so then I guess and also at the bottom. So that's going to be fun as well. Now, once again, thank you from the bottom of my heart, go to solitudes and even have like a chance, like, kick it.

I know. I know. I know. It's crazy. But we all to do some so crazy.

We only we only met each other one time for a couple of hours when you did the podcast. And that's just the beauty of technology. It feels like we know each other like we see each other every single day because we speak all the time. Zoom every every week. We talk every day. Yeah. We only actually physically seen in once.

I know what he was, you know, and we you were the first one who came bearing a gift and I was like you to do special.

And I was like, you don't go to somebody's house empty handed. And then also to like I understood, like the concepts like I've been on the podcast probably for 40 years together. Didn't do a nine.

I'm like the least because when I heard that, I thought you might, like, load a lot. So when I listen to it, I'm like, I know what I'm sorry.

You said the ultimate thing from the suit and pray, hope it happened.

And then it's like the long term investment thing panned out with the teachers. But I mean, I was honored that you shared your platform with me because you didn't have to at all. So I hope you guys enjoy it. And then we'll meet up later this month.

I've got some more jobs to tell you, but this is a good thing. It's a good gym. Most people don't do it. Thank you. Cards and any kind of gifts, it doesn't have to be you don't have to be like a roller. You're nothing like that will happen one day. But bringing gifts to people that allow you on platforms that you do business with, even products that you can tell, you know, trust me, goes a long way.

Goes a long way.

Yeah, you definitely you definitely brought that cologne. It was the was my no, no, no, no time for employee.

It was a time for cologne. Yeah. I think we went out the next week. I was like them. You wear it now. Wear that and that's my friend. It's great. I'm like brother now.

It's perfect travel size. So that was a very was very classy, was a very classy gift of you fellows.

If you're trying to make them slow. I know you got the footage of episode that we got. We've got to see that with your actual guy recorded it. I feel blessed.

I mean, we'll see you at 9:00 tomorrow morning, right?

Right in early.

I know you, too. We love you, Ernest. We love your piece. These. Nancy. Monday, Monday, Monday.