South Sudan. Sunday, Monday, happy Monday.

I feel I can't complain. How about you to be what's the word, man?

Happy to be able to have this conversation on video. So we talked for two hours on the phone. Oh, yeah, I know the box.

Perhaps a little better for you. I spoke on the phone.

Yeah. I got to check in with everybody and make sure everybody my mom always told me you keep the good people close.

So I stick by that mantra that it's like I like that mom told me. So I live on that one. It's a special day and got the all black and looks like you bought to get married.

I mean, what's the truth, man?

A lot of fun. Got to know that my trade over for real. So you'll shout the end of the way.

You know it is best to do that any to every day God tells you. How y'all feeling man. Just as a reminder that, you know, I got you, man. So I'm I'll let you know publicly that I appreciate that. And I appreciate that, too.

And I appreciate you all for being solid.

And when you said you want to talk on the phone for two or three hours, like I told you, maybe 90 minutes in and hadn't got to, the main thing we want to talk about yet would be seven main things. I said, yo, lockout a calendar if you got to you is No.

Five minute conversations at all. I get on the plate, man. It's too much too much going on here, man.

But welcome, everybody. Welcome, everybody to Market Mondays. Today is today is a very special show. Obviously, it's a lot going on. The election is tomorrow. We're going to talk about that. So hopefully, you know, everybody gets a chance to vote whatever way you want to vote, independent, Republican or Democrat, whatever you want to do. Kanye West, if you want to bring them in. Right, right, right.

I was going to put you up today and I was like, I don't want to confuse writing about it.

I got my vote. So but yeah, you know, make sure you do that. And of course, we have a guest. We have a guest. So he made it. He made a brief surprise appearance. We had budgeted E a few weeks ago. But now this is this is his official. It's like he was featured on the album.

I want to go, like, Untitled, but now we're going to be going through the proper roll out. So, Quinn, if you if you are loyal, are you a supporter? You know that you know, ever since Mark, your Monday came about, we haven't really done anything or earn your Leisa really too much with the platform. No show like with stocks and stuff like that, because that's been reserved for market Monday for the most part.

But so I say.

I have to say. We only had three guests that I talked about, stock market out of one hundred and seven episodes tomorrow be 107. So out of those 107 episodes, we only had three that talked about the stock market. And the first the first of the trilogy I'm a 15 was Quentin. Yeah, number 15. He kicked it off as he kicked the door open. And then, of course, Wall Street Trüpel followed after that.

And then Ian was the so-called after me. There will be no, no.

I told you I was in the Traven, if you like. It was a real battle. I had no clue where I can angley and he was going to slow flow hard talking about his daughter's account. I'm like, oh, he took my Xander point. What Ahmadu shot. I could drive.

Actually, I think I think he's in here. So I think he's in the bottom two minutes trap.

So so. Yeah, Quent, as I say, he's he's original guest to talk about the stock market. Extremely, extremely knowledgeable guy. We grew up together. We played basketball rivals against each other. And I used to always see him in a gym and we would just be talking for like hours about the stock market works and what, you know, working on Wall Street for a long time. And, you know, he at that time, I used to post a lot about investing, and he used to always have a contrarian view.

He's the guy who's like, now what you may consider this? Well, if this comes in, that's going to be not true. And I used to go back and forth. So I'm like, know you should come on on a show and talk about stocks. So he came on and it's been great history ever since. So, you know, it's always great. It's always a pleasure for us to get people that actually I do this for a living work in a field full time with their hands on the actual post.

And Q fits that mold is what he does, and he's been doing it for a long time. So we're excited to have this conversation. So first and foremost, thank you.

And a lot has changed since you did your podcast.

As far as our our headquarters, a little different. An upgrade and upgraded a lot nicer here. Yeah, really comfortable. My shoulders moving.

The beauty, the beauty of having people in your neighborhood do great, great things.

It's like you could just call them like I'm like you. You going do it at your house. You come in here like ten minutes goes, like, I'll come over and he's here like that. That's the view of it. Like we'd say all the time. Like, you don't have to look out, man, look across the people right next. You can definitely be part of your team in depth. You can take you to where you want to go.

So I always look across first.

Yeah. So we're going jump right into it before we start. It's a big week for our new year. Of course, we got Mark on Monday, today.

Tomorrow we got my boy not to go out to be more. That's a legendary story. I can't wait for people to actually hear his story from sixty dollars to six figures. Just a true inspiration.

You know, that kid, especially a true inspiration to me and for anybody who had overcome adversity in their life. That's for you, man, you're going to appreciate that one of the good things, really, is that we get to build storylines and we know Dark Falcon shot the dark. He put that clip on Instagram the other day when he was like, you know, the 20 year old entrepreneur selling nachos and gotten him to the wolves. That's what he was talking about, man.

Kill, not to kill again.

So it's crazy that, you know, that came full circle when he actually came on the podcast and told his story. And it's a dope story, man. You know, growing up six years old on a street. Yeah. Like, literally go figure it out. Yeah. He grew up on the street. No parents at six years old. He was on the street and now he's an entrepreneur doing his thing, goes to restaurants. We talk about ghost restaurants.

No, no formal education, no training, no nothing. Just figured it out straight out.

I believe he's out of East Baltimore. So a few mentors. Yes.

Shout out. Shout out to not show me. I'm real proud of that. I'm real proud of that young man, if you will. Ever seen his Instagram page is straight comedy Man is this guy's entrepreneurial, but he loves lives and I love watching his energy. Man Do you have a show?

And then of course, Wednesday we got a class on international investing Guana How to Invest in Real Estate in Ghana. That's a big one. We got a lot of earnings from Canada, from the UK. And I always say, like, you know, can we have more content? So this is for all international Americans. I want to invest internationally. And I feel like Ghana has really separated themselves and become like the the shining light in Africa, at least for tourism, at least for African Americans, like everybody wants to go to Africa over the past eight or so much to increase tourism and to make themselves just a shining light in Africa.

So it's fitting that the first international real estate class that we have is about Ghana. So if you're in America, if you're in Canada, if you want to Caribbean, if you're in London and you think about investing in Africa, we always talk about all this all the time, like, you know, I mean, like we got to go back to Africa, invest in Africa.

How how do you do that? This is how we got here. How so? You can't say that you haven't been informed. So that's why on Wednesday, Yale University has a big one. And we're going to keep the ball rolling, man. So if you want to join Yale University, I put the link in. We got the code. Will for 40 percent off for the rest of the month, and we love to have you in. What's going on, brother?

I'm good.

Happy to be here. You know, I got a thousand questions lined up for you.

So about Oprah moments, you know, we're going to do our rotation.

We got who we got tonight. We got in Winfrey. Oh, you went through the night, right? Can I can I do the disclaimer real quick? I'm all right. Here we go. So you know how this works, man. 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 or verify any information that you 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.

Yes. Do your homework, please. WINFREY All right. And you have the floor. I want to share a screen and then we'll dive into the questions from our guy.

Oh, my family. Please put Red Panda and chat. I love you guys dearly. It's yours. Thank you. Let me know if you can see. My screen shot of the pin, as I see it, they just let me know we're going to sign onto the ground for verifying us.

This is long overdue.

So how can you sing? You know, we got we got to make a scene.

OK, so, of course, everyone is wondering and happy Monday to everyone. But today's talk is going to be about having an unwavering resolve in your plan. But of course, you want the easiest and fastest way to know which companies to buy, what to get in. Of course, investing has considerable risks. Plissken special adviser, especially Farshad, as your adviser, he will agree with my analysis of the market.

But join the stock club and you go to join the dotcom.

Overshot the link in bio.

Yeah, just just put it in right now.

I didn't know how to start somewhere. Just start from a place of honesty. Man, last week, one of my friends I got family, friend of mine, got sentenced to 15 years and at a bunch of times this year, I've told you guys to check in with me if you need help and check on your family and friends. And for those of you that have ever lost somebody to the prison system. You know, it feels like a death when it happens.

So for any of you that are going through tough times and you're thinking about risking your life as opposed to risking your life, please ask me for help. I'd rather help you now while you're free than me helping you while you're behind a wall. I'm begging you, put the power to decide if you ever need anything, please reach out to us so we can help you. Please don't put your life in jeopardy and tell my loved ones behind bars I love you dearly.

So that's that. Everyone has their mind on the election.

And I'll take you back to a conversation that I had with my dad.

And I talked about it here briefly. But after night after day after 2016, I was like, hey, what do we do? What's the plan? And he was like, your plan for 2016 through 2020 has to be with your same plan was don't even get your things investing. And this is before it was popular for everybody black to be an investor. So I was like, OK, great. He was like, follow your plan, don't deviate.

So I think a lot of people are concerned. What do we do if Trump wins? What do we do if Biden wins? And your plan, if it's a solid one, should remain the same. I'm going to be very honest with you. The top companies that are going to remain dominant over the next decade, they have invested their money on both sides. This is how the game is played. So whether you like tech. Consumer indexes, excuse me, consumer discretionary, all of the big boys have invested on both sides, would go into much more detail later today or later tonight about what your plan should be going forward.

But I want to go back to my point that I made earlier, how much your friendship and youth, who has the Gunby rest in peace, the tupa. That's a fact.

But how much different things if everyone if this information was spread like this in the 80s, 90s and 2000s. I think it would have had a I argue, especially to everybody who lives in Chicago, I think the violence in Chicago would cease also in East St. Louis, New York. I think the violence would have been dramatically different because there would have been a sense of hope and also there have been monetary gain there. So it's important that we spread this word to our friends, families, cousins, those that we love so we can keep them out of situations that are not most beneficial for them.

So my vision is by the end of our lifetimes, that this program teaches two billion people how to invest in a market so they never have to put their lives on the line. Be behind a wall, so I appreciate you guys for being a part of this mission, but I want you to answer this in what will be your plan going forward? What would be your plan? Going for it. So here are the top seven mistakes that investors make, this is regardless of what's happening in the geopolitical climate, right?

So you can't control who's in office unless you're a lobbyist. Or part of a superPAC, but you can't control how you invest, what you invest in, what you intake and how you execute. So no one we've talked about this ad nauseum, but not buying quality companies is the biggest mistake that people make. Number two, the thing that I'm seeing the most, that is the most disturbing. You're going to look back in six years or five years and be like, damn, I should've listened to you.

Troy resodding you. I had a good play and I held it for six months instead of five years, not holding. As one of the biggest mistakes she'll make, especially coming out of this era and riding it into 2025 or 2030. Number three, this is not 1950. We keep having these conversations is the fundamentals or technicals is both. It's both according to where the economy is, the Dow should be at ten thousand. The Dow is are still doing relatively well, tech is overinflated, of course, but they shot up like crazy.

And I'm going to show you a chart that later. That is a prime example of how overinflated we are. And at the same time, you have to take advantage of what's in front of you, because if you just try to time the market solely off of fundamentals, we saw this with earnings with Apple. Apple beat earnings and fell four minutes later. Mm hmm. To the downside.

So let's not if you have great. If you if your own is a great that you're always going to go up and you guys have seen the opposite, like companies have missed earnings and then shot up because their earnings and miss wasn't as bad as a projection. Number four, please stop buying at a high. I don't care how hot it is, I don't care how many people are talking about it in this court and Instagram. And I'll give you the exact calculation.

I'm a tap into my bottom and later and give you the exact calculation to stay away from. But stop buying at a high number five follow for the hype of a non revenue generating company. Rest in peace and hearts, no matter how many times we have to tell you, it's no good. Hall of Fame, right? Dead, it is dead. I'm going to use the ears this time.

Number six, trading too much instead of actually investing. I used to have a conversation with a guy that I knew in the past, and he was like, well, if you do well enough from trading, you shouldn't even need to long term invest. And my thing was, OK, but if something happens to you, if you die, you get sick, you then won't be able to produce returns. You want the business to make money regardless if you're if you're in it or not.

And also, you can't teach your kids how to trade at the same proficiency if you're a great trader, because the hunger that you have to escape poverty is not there. If they have already been living and life is going well for them, you have to both. And number seven. It's one of the biggest mistakes, not researching what the outcome of your asset allocation is going to be. You guys need to go online and pull up an asset allocation calculator and look back on the past five or 10 years.

And with your portfolio that you're picking, you should have an average expectation. Nobody's going to be. I know this all this is feeling that the market is mystical and no one knows what it's going to do, that's a lie. They told you at six thirty this morning the Dow was going to go up 400 points. And guess what it did? Went up 400 points. All this technology, they know where the market is going to go, so please know before you invest in Tesla and if you pair that Zalk and VTI and if you also pair that with G, just because you don't want to listen to it, what the outcome is going to be.

From my traders, the biggest mistakes that you make, and I'll keep this simple, because I'll talk about this every day in the trade world, but not knowing what target you're going to use every single to type and chat, what's your percentage based? Outcome is going to be for every trade that you take. To trading at the wrong times. Three, having to search for what to treat. I'm going to give you a quick secret. You should trade the same few things every single day.

A commodities trader, trade, commodities, if your index is index traded trait that if you traded natural gas, a crude trait that but you should not be scanning and looking for new things to trade all the time. And then number four, the one thing that no one wants to hear, as most traders take too many trades per year. So I got this amazing e-mail group and I took your name because I don't want the whole world blowing you up, right.

But look at this. When you actually check your fees, someone was paying four percent in fees it and is unnecessary. Now, four percent to some does not seem like a lot. But if you look over 15 years, that's 60 percent in additional fees that are not necessary. So please type in. Yes. If you have done a check on your phone bank or in your retirement and if you had to cancel or shot, he's already walked into this process.

Air kudos to you. This is important because the Vinces hit forty seven, 12 key times since nineteen eighty seven. Your homework for tonight is I want you to tell me. Next week, and if you find it tonight, great, what is the average return on investment in the indexes after VIX goes to 46? So here's a little lesson for you. You can take the average of each time divided by 12 by one box, and then it be able to tell you how far the market is going to go up from the time that it hits.

Forty seven. You have to plan for disaster before it reaches your doorstep. So when Vince said forty one other day, everyone panics, like, what are we going to do? I'm like, you should already know how far it's going to retrace based off of those levels from our commodities bugs that tell me that we don't cover commodities enough. Look at this right here. Commodities are at a opportune time because of covid. So when I tell you guys, go look at every asset class, even international, so you look if you look at the Nikkei, Bovespa, there are opportunities there that you could potentially take advantage of.

But you need to look at the commodities across the board to see which ones that are close and that can go up as a result. Those opportunities are there and most people are not talking about them or thinking about it. And things are going to get better in 2021 for a couple of reasons, but this is one of the main ones. Zain, thank you for the heads up. Private equity has two point seven trillion dollars waiting to be deployed.

Now, housing inventory is only about two and a half months, so we may have a little bit of a slight dip there, not a full crash and then commercial, but when they start deploying capital as a result, it's going to push the market up as well. But I want to remind you, I want you to long term invest first, then I know trade in sexier, but some of you are going to look up in three years and and even like, let's be honest type.

Yes. And chat. If you lost trades this year and in trading that if you would have just bought the actual asset, you would have been better off. Please put yes. In check. And this is the main reason why I'm going to tell you not to worry about what happens tomorrow. I want you to look at this graph of Zimbabwe's future. Look what happens even if we have a split government, what the average return this everybody type in chat, thirteen point one one percent.

And Zoom and YouTube. Look at these numbers here. And with the Republican president, nine point five, three percent. Democrat, we can see what the numbers are, so historically, Democrats have pushed the market up a little bit more in GDP has been better, but taxes have been higher. They kind of wash each other out.

Regardless of who is president, the market is still going to go up the same eight to 12 percent, but there isn't that much to worry about. These next couple of days will be crazy. But when January comes, you guys you guys don't care.

But going back to fundamentals, some of you have asked, what do I look for? I appreciate this slap you threw me earlier, but I'm looking at revenue. And if you can guess and chat what company this is. And it's obvious I'll be happy to catch up you 100 hours tonight. I'm looking at revenue, net income, cost of goods sold. And gross profit. This lets me know how well a company is doing. Just let me know now you can dig deep and go 20 columns deep, but these are the main four.

I want to see a company with good revenue, good net income. It doesn't cost that much to move those goods and have good gross profit as a result.

And I know you guys are probably going to zoom in a second because but I'll be sure to catch up you because you're not going to be out there.

Ian said he was going, oh, I got you guys. Leave it alone. How many times? Right. Yes, I.

Come on. How to avoid a bull trap. So when a market runs up and then all of a sudden you see people that are better, that are worse investors than you. They call it a great move and we all get foma. How can you avoid getting caught in this trap? I want you to stay away from one to nine percent from the high. Mark off 10 percent and 20 percent down from wherever that high is, and even if you're not using technicals, that will give you an idea of where to get in.

Sometimes the stock could be at 50 bucks. You guys are buying a 48 like, hey, what do you think? I'm like, it's going to slide down. We have to give it room to breathe no matter. Even Tesla. Tesla had a great run up and then you can see it pull back Apple. Same thing. We're debating about their earlier book.

The Price Always Comes Down. If you wait for it. And check this out. This is a great example of like why indexing works and also shows why the market is being artificially inflated. This is the Zimbabwe Industrial Index. This looks like Tesla. I will give you five hundred dollars in cash without Googling, if you can name me two companies and the Zimbabwe Industry Index.

You can't, but they also benefited from all the quantitative easing. The market is not fair. The market is rigged to stay up quantitative easing. I can talk about an episode 70 is that lever that pushes it up a straight up. This is like a tech company. There are some tech companies that have more value in them alone than the GDP of light, but this goes to show you cannot fight what happens on the chart. You have to follow direction at all times.

And we touched briefly on an overall plan, so I want to tell you guys from a high level what you should be looking to execute year to year. You should be only looking to be to do maybe four to eight positions long term that you want to hold, not 60. You don't need to make your own mutual fund, plenty of them out there. You want to do a maximum of 24 Forslund trades per year, so, yes, that includes your options and features together, your future swing trades.

You should be in for two to three weeks. You can determine how long you want to be in your options, but in combination, you want to do twenty four. And then on an intra day basis, you want to look to do 60 intraday trades per year. You want to take off risk. And I'll ask you, this is pro Alex reshot this later. I don't know many traders that unless they have algorithms in place that are successful at taking six or seven hundred trades a year, especially on the retail side, it does not happen.

And once again, everyone is going to ask, when will the market recover, the market is recovering right now. But I want you to look at this. This is what's important to look at the long term chart. So this purple line here. As a good S&P 500, this beautiful orange right here is Nasdaq, and its greatest tech is look at the gains and comparison over the lifetime of that asset class. I've been arguing for years that the Dow is dead because the way it's weighted.

So S&P first, that's why they refer to that as the market and then NASDAQ. That's the reason why I say indexes first and then Nasdaq will be a homework assignment for tonight. I want you to go look at this in the Asian market. And see which one has done better historically over time and over the last five year period as well. All the signs are hidden in plain sight for you. So I would wrap up so we can get my guy on so we can go back and forth.

But how do you achieve consistency in events? And I think this is a great question. The best way to do it is automation. Stop thinking, because if you are automatically getting in, what is the call, a dollar cost averaging or Edgington every month, you are going to do much better than if you wait. Because let's be very honest, when Apple reached certain levels and went into the hundreds people who swore to me that they would get it, at one point I was like, I don't know, maybe it'll go to eighty seven.

I'm like, what happened to the hundreds with automation that will take some of that away. What TD Ameritrade, you can only automate mutual funds, but like we talked about in prior episodes, if you go to Vangard you can do index there. What are your thoughts on QQQ? So this is a Jr.. I don't like it. Don't like it. I know it's cheaper, but it takes the top 100 to 200, don't leave it all.

If you can't afford the regular queues, leave it alone and find another index. But I don't like you. Jay is too new at this moment. Don't touch it. And my question of the week for you is you have all the information that you need. My honest question for you is what is stopping you from sticking to your plan? I need you to put this in, so I appreciate you guys showing up every week and showing up for us.

But man, if you just bought a couple of indexes and a couple good tech companies, you would be OK. I don't want you guys to learn so much that you forget to execute. So please type in what is stopping you from executing your plan so we can know how to better help you, and that's it. Thank you guys so much.

There you have it, ladies and gentlemen, in plain, a standing ovation. Every time Ian gives a presentation, I feel like I'm back in school. Glorious.

And that's that's worth thousands. He just he just put out a thousand dollars a game for free. Like, that's worth a lot, especially how you eloquently broke everything down for everybody. I mean, you pick my brain. That sounds like that's the stuff I think about every day. So I reflect somehow like me and you texture's at the same time as we are. We have the same. Yes, crazy.

But I read my mind well, how you broke everything down. And I've been having conversations about the market with friends and different things and telling them exactly what you just laid out for them. So as though you appreciate the really impressive. There you have it. Very, very impressive. Very impressive. So. All right, let's get into it. Oh, shot everybody on YouTube if you can hit the like boy. I greatly appreciate it. Forty five hundred people want to check in us.

Everyone, please is sure. So. All right. So let's start off with the political situation, because obviously the election is tomorrow. And I put a post on Alysha today and kind of got a lot of comments. I just you know, I just I like I like to talk about politics. I'm a I'm a registered independent, so I don't know. I don't have any any I'm not a Democrat. I'm not a Republican. I'm an independent.

I can go, you know, whoever has the best ideas, whoever's offering the best solutions, that's the type of job that I'm on. But it was interesting because even before that post I put that on, the Joe Biden campaign really received like almost three times as much money as Donald Trump's campaign from Wall Street. Like, well, she has been pouring money into Joe Biden's campaign. So some people might find that interesting because they're like usually you equate like Wall Street with Republicans.

And I'm thinking like, well, why why would Wall Street want to put money in Joe Biden's pockets when he's going to raise taxes? But it's interesting because Wall Street usually favors Democrats. They supported Hillary Clinton. They supported Barack Obama. So if you go back to history, a lot of especially like over the last 30 years, most presidential candidates got more money from Wall Street, the Democrats did, than Republicans. And I mean, it's a variety of different reasons why why that goes.

I mean, social issues, liberal, but also the stock market usually does better. I mean, it's just a fact. Like I said, I'm not a Democrat, so I'm not like it's like I'm advocating for them. But I mean, it's just a fact. The stock market usually does better during Democratic presidencies, then Republican presidencies. And even with this whole tax thing, it's like, yeah, Democrats like to raise taxes, but nobody's really paying actual tax rate anyway.

So there's always loopholes is always ways around. It is always ways to cut back on taxes. So they're not really tripping completely off of that. Some of those.

Well, those guys, that's for sure. So I'll start off.

Q Yeah, you're working on Wall Street, you know, being around the environment. What's your thoughts on on that as far as like the election tomorrow? And how do you think it's going to play out with the market? And why does Wall Street usually favor Democrats or Republicans?

I mean, I think like I said, we're going for a while ride for this week. We're going to see a lot of volatility in the market because a lot of jostling and then you have a lot of nervous money in the market moving around. I think it's all specific to the candidates.

So, like, my take might be a little bit left field in that sense. But I take it like this. You look at America and what's America. America is basically the source of the best people from other places, like everybody is not from here.

But that makes sense. Like we're all immigrants to some standpoint and we're great at recruiting Americans, the Kentucky of the world. We're great at recruiting the best talent. And that comes relationships. Right. And for all these companies, I want you to think about this and something I had a conversation about is that when you see Alibaba, you see China. When you see ticktock, you see China. When you see Facebook, you see Facebook. When you see Apple, you see Apple.

You know, they can't stand next to the president because it's going to bring their sales and their prices down. And it actually avoids certain relationships as far as what we do overseas. And I think Wall Street sees that and goes, hey, we need to make sure internationally that everybody is on the same page, in the same accord. And I think the money comes in because they see the future of where we're going. And you see that we are looking at like cloud computing and you start looking at, say, in America here, infrastructure and industrials and things that that.

Actually move money, we're actually spending on output, so I think that we see that in the industry and we go, I may not agree with everything this guy is doing, but I know he can shake hands and smile. And that's going to mean a lot more in the next four years than the guy that's very combative and can be kind of childish. Let's say to keep my mind.

What is nice is that it's in his interests which might allow them to do. Yeah.

Q How do you how do you feel about that?

And of course the market loves peace. So when you don't have a bunch of volatility and you know, you can predict what the outcome will be, Terry just said, is diplomacy.

So regardless, even what the hedge funds given by the more money you give a Hillary, the more money they're going to finance both sides.

If Trump calls Tim Cook to the office tomorrow, if he wins, Tim Cook is going to go. As liberal as he may be, they're going to play the game. So you have to be aware of that. But when you have.

Civil unrest, the economy is down as in everyone's best interest for things to go up, and then you want a candidate who will give you the highest probability of making that a reality, because people forget under Obama's tenure, part of the reason why quantitative easing worked so well was was the diplomacy amongst other countries. If you have a bunch of infighting, it's really hard for some of our best companies to grow at two or three hundred percent. And then we're dependent in some areas upon China.

So it's very, very key.

So I guess I think that's super important because we're looking at these mega cap companies on the growth rate and how they grow and how you get more revenue and you have to expand and how to expand. You're expanding to other countries. Right? There's a fight over India. Why they don't have a middle class. So when they finally developed their middle class, who was giving them their products? What companies are there? Who is, you know, who's making money off this middle class?

And so that Josseline means a lot in the future. And it's things that we may not take today because a lot of times as a people, we kind of look at like right now we don't look alike in four or five years. And that's why it's kind of hard for people to invest long term because there are so many people in a rush to be long term investors, which is I kind of like ironic because what you rushing for? But a president that brings volatility is not good long term for the market.

Now, all these things we're doing, we have to pay back. Right. That bill is going to come due. But at least with a guy like Biden in office, I know I have a six to 12 month play to get whatever money or whatever play I want to put in place and I can move accordingly.

I like that the market loves stability. The market does not like instability. They don't like a radicalness. They don't like things that are going to cause an uprising. And I think that's why you normally see some of that go towards the Democrats when it comes to giving money, because they can see that this is going to be stable. We know what's coming. We can prepare for the taxes and those things really, really help moving forward.

So I got a question for both you guys. Right. And I'm glad you brought the S&P because I was actually going to email you this earlier. And so, you know, I've heard the statistics November, right.

Since we're in a month, November is traditionally one of the best months to start investing. Right. And so I did some research and I went into the Stock Traders Almanac and says the S&P on average gained one point six percent in November since 1950.

And even in election years, it gained one point five percent on average.

So my question to both you guys really is like those statistics, do you think they hold up or this is such a wild ride? Twenty twenty is so chaotic that this might be the outlier in that in the S&P. I'll let you go first. I think it holds up. I think that the market kind of tells us, right. It's a cyclical thing. And that's why a lot of these things kind of come back and it goes up and down.

It's the same thing and I think answered before, like stocks go up, stocks go down, and you've seen the same things over and over again. So I like to stay on pace with what's going to happen until there's a serious outlier. And I think a lot of things are going to stay in place. I think it's really about being patient. The patient investor wins because you're taking your time and you're seeing the whole floor. You're not just moving off of emotion of a flow.

A lot of times you'll end up disappointed. So I think that number stays even though there is a high level of raggedness in the market and there's a high level of, well, what's going to happen? Who's going to win if they win all these questions? I think it's also heightened. The right is heightened from what we went through in the summertime is heightened from the George Floyd situation, is heightened from all the things that we can see now.

So there's an emotional unrest attached to this volatility.

Normally, you would just get market volatility and people in the market kind of brush it off. But now everybody's invested, right? This is an emotion like this presidential situation feels like it's taken five years, everybody.

So let's sort of put out that. They put out a tweet. Everybody breathe. It feels like it's been so long.

And so I think we all kind of have to take a deep breath. And I rely on stability of numbers and what the market has done historically. Until that changes, I'm going to rely on that as my baseline moving forward. I was looking at the market right now.

You guys probably heard me tapping my crazy S&P 500 open up at 30 to 60. We're currently at thirty three. Fourteen fifty. The spy open up at three hundred and thirty dollars and twenty cents. We are we're flat right now. We're probably going to end up one percent because once we have a clear president and once all the votes are in, everyone's going to go. OK, I know what to do.

Now, tell me at home, when you invest your money, do you like stability or do you like insane volatility and not to know what the outcome is going to be. So no different thing, you know, you're like you guys, I want to get finance at home, if you buy a product and they don't deliver, it's the same thing. You want stability. So when everything is clear, Dennis, like now, there's going to be at ease to be able to put money in the market and then everything is going to go back up.

But if you look at the future right now, it's a point for one percent right now and it's after hours.

We're going to get that one percent break. You know, the part that was like a puzzle me, it was like because obviously they got the statistic, but what was leading it was the financial sector. And right after that was industrials. And I'm thinking to myself, like, you know, the financial sector is taking a hit this year.

Does that change in November?

So I was like, I don't know.

Well, if you think about this, right, what's the one thing that kind of leads our economy as people spend their money? And then what's the one thing that we kind of hang our hat on? If we get a Democratic president, we're going to get this monumental stimulus bill, people, and get this all this money right. And if that happens, we get this 10 trillion dollars or whatever it is. Right. That means rates go up.

And if rates go up, that means banks do a lot better than they have been looking at like balance sheets. They've been doing well. They've been doing a lot better. A lot of things that they call flak for was people having PTSD from 2008. Right. And so now that we can see, OK, if we get this, whether it's this year, February, January, that's going to mean we're going to get a rate rising. That means that banks would be a lot more profitable to become a little bit sexier.

Right. Same thing with the stimulus package. I mean, it's going to get an industrial stimulus package.

We buy basically, if you think about this from a from an infrastructure standpoint compared to other world powers, we're kind of behind like when I look at like China, Europe, Russia, like, say, for example, and I'm a nerd, I like to go on YouTube moments of videos of like high speed rail. I'm just infatuated because you can get it from one place to another in Europe. I can get from London to Paris and two and a half hours I could live in Brussels and work in Paris is an hour and a half train ride.

So I start think about America.

I go, well, why can I get from D.C. to New York in an hour and 20 minutes? And why just not not open up? Right. And so infrastructure wise is going to be a way that a president can hang his pen and say, OK, what you doing in your years?

Why change infrastructure roads, write things that we need to be fixed that we didn't fix because we cut taxes. When you cut taxes, there's no money for infrastructure. And it's hard to go privatize this privatized rail that goes from West Palm Beach to Miami. There's a privatized rail that Richard Branson and Virgin are working on that's going to go from L.A. to Vegas. There's one that they're almost finished on that's going to go from San Antonio to Houston an hour and a half.

And there's one they're working on from Seattle to Portland. That's important because that's dollars to work, right? All those private equity dollars that go somewhere, they can't just go to real estate. There's different ideas floating. So I think you see industrials, you see financial because we're banking on the stimulus package and then we're banking on the fact that that money in the package is going to go to industrials and then rates are going to go up because banks are going to be more profitable for you.

Go ahead. Right now. Go ahead. Go.

So you do research on the fun side. I want to know, like, what are the catalysts you're looking for in your research that makes you say, hey, this is a good company, we should probably titrate this or begin to hold this long term?

I think goes back to what you say. Right? It goes back to the revenues. You look at a company, look at what are they doing when you look at it like this earnings period you had, what was it? Two hundred and seventy three earnings beats. Right. And then two hundred and forty six sales beats. Look at that. You look at the I can look at their balance sheet. A lot of the stuff is a hard core.

Now if you're discussing what an analyst looks at. So an analyst, there's two different things. Right. So the analyst is very similar to, let's say, Arsenal record label. Right. And so the way that they have a rollout will have a role. I will call it marketing. And we market analysts and analysts will look at something and say, I'm going to look at it from the fundamental side. I'm going to look at it from the quantitative side.

I'm a look at from the technical side. And then you're going to come out with two things and come out, either a stock pick, because we've evaluated it and said, OK, there is fifty percent gains here that the market is not accounting for. Right. We're looking for something that the market's not talking about, that you think or we think that that will make the stock move is undervalued or vice versa. Example. Case in point to me, Apple and everybody loves iPhones and they love the Mac.

And I love the fact they're doing chips. The one thing that they're not talking about from this last roll out was the iPod home or the home. Right. So it's not the whole mini. The whole mini is ninety nine dollars. If I have an Apple Watch on the iPhone. And Alexa, you know what happens on the holidays, huh? By Alexa. Yeah, bring the mini. We're not talking about that. That could be a catalyst for the stock to do well when they report earnings because no one's talking about that same thing with Wal-Mart.

We look at Wal-Mart and look at the Wal-Mart.

Plus, they could hit a higher level subscriber numbers or remember numbers then thought about. Right. And so you look for things like that and then you get into the technical you get into the quantitative. You get into the fundamental analysis and the stock pitch will be something that's going to be really, really hard core with the analysts is going to market that out or it's going to be a softer version, which is an equity research report, which is going to lay out these thoughts, but not in an aggressive manner.

So as you're kind of scanning the market, right, and you're having conversations whether it be with traders, so you have different traders. So you have your equity sales traders, you have your cash traders, you have your electronic traders, you have your derivative guys. Right. And everybody has thoughts and they're seeing different things. So I might come to you and say, hey, what are you seeing out there? Hey, Troy, what are you guys talking about?

Hey, Rishard, what are you seeing? And so from there, that's one part of it. We also talk to clients. Right. And clients to ask questions. So when we do a non-viable roadshow, let's say, you know, Microsoft comes to town and they say, hey, we're in town for these three days and we'll set up meetings, the analyst is going with them. So when he's sitting in meetings with Neuberger Berman and Lord Abbot and, you know, other, say, hedge funds, he's listening to what the hedge fund and what the long only is are asking what are they interested in, why they asked these questions.

So part of that thesis is going to be the sum of many different parts that allow him to kind of say, hey, this is what we're doing. Right. And then as a team, we gather around that and you get a push towards what the idea is going to be. That makes sense.

So if they beat earnings two hundred and seventy three times out of how many times you extrapolate that? Because that's not what I'm saying.

What I'm saying is this past earnings, the companies are reporting, OK, two hundred and seventy three beats. Right.

And so you were talking about probably like, oh, how can like for example, Microsoft had the cleanest earnings, the cleanest earnings and then went down. It's like. What do you want, like what do you want from a company with an iPhone sales down 16 percent, iPhone sales were down, but that's because they released the joint late and they couldn't put the new ones down there.

So we can't get fooled by that number.

Right. And even if they miss our phones, we were in a position to get a supercycle. So it's like, yo, you're still it's almost like being a Yankee fan. And it's like, yeah, you have Aaron Judge and then you got Stan and you've got all these guys like a home run, somebody in the homerun.

So it's lined up for Apple to hit a homerun, whether it's going to be this quarter, next quarter, they're lined up perfectly. And so you can't sometimes get caught up in that because you look deeper and say, OK, well, what? They miss the inside of those numbers, too. It was like people forgot that, you know, the the Mac books sales went up, the iPad sales went up. Those things are products that they sell.

And if people look, if you really looked at it right when you looked at the iPhone sales going down, I mean, it's kind of obvious, right? If somebody is telling you we have new technology instead of a phone, we're going 5G in the next one. How many people are going to be buying the old one? Right. And the fact that they got pushed back like it usually releases in September, they couldn't. I mean, it's not out yet.

You still are doing preorders now.

So but then they also they also did somebody say that? That's actually true. They didn't provide.

I was going to say that that's OK. But that's more of what somebody said is he buys because he's weird. I was not on the list.

You don't. Are you reporting your future guardedness is like a nice thing to do. You don't have to do it right. And sometimes you're actually giving yourself the death, Neal, by doing it, because either you report too high and then you miss it or you report too low and it's like you're sandbagging in this environment. I wouldn't report future for what I know the next two or three quarters I'm going to win. I know who's on my team.

I know what I have. So you're at my beck and call. And then at the end of the day, the stock has run up. How much was a fifty something percent. So it's not like they need the extra push. And for the long term, investors like know this is a buying opportunity right now, like you're in a grace period, right. Where people need to stop trying to time the market. I get a lot of questions like, yo, you know, the market's down nine hundred, but I think I can wait one more day.

That's the morning. And that's the market like.

No, you cannot. That's the market. Yo, if you walk that yo this happens all the time. Right you go. The more I want a pair of jeans, you walk in, it's buy one, get one free or buy one, get one half off or say that you bought two pairs of jeans, you shop man. I had to you always buy it was buy one get one half of.

I couldn't miss a sale but she'll look at the stock market, watch the market be down nine hundred on a small Friday where you could just come in and swoop in and grab ten hundred ever. How many shares.

And then five years from now you can look back and laugh and know I can't believe the market was bugging wilin.

But you won't do that. That's a mindset, right. That's a rock song. A backpack. Yeah, but that's part of it too is like you you missed that day, but you've got to have your plan in place. Right? So if I know if it hits my number, like I think we would talk about Apple today, I was like, yo, it just hit it 100 day moving average. I'm like, well that was one of my numbers.

I want to get a you know, I'm saying so like I had the plan before what happened transpired.

I mean, let me just jump in first. I want to say shout everybody on YouTube. We almost have five thousand. Let's hit the like button. Let's run it up, please. This is this is really, really good information. I want you to take that for granted. Like I remember, I make you at his office and we went to lunch. So I offered I just realized our office is like two blocks away. I didn't know for a long time.

So we was in a city before Corona and we went out to like a coffee shop around the corner and guys in a coffee shop, they wouldn't let him pay any like, you know, it was like, what was that movie with Eddie Murphy?

So any places? No boomerang. I gotta tell you, that's how he was treating him, because he was like the black guy that made it. So he's Marcus. Yeah. He was like the black guy that made it.

And they were just so happy to see him, to see somebody, I'm assuming in my brain somebody black that was, you know, cool down to earth and they could relate to what they like.

Yo, what's up? So I had to say, this is this is extremely valuable information to me from somebody that does it for a living. So I appreciate it. I got a question. Last time you was here, you was talking about the strategy of looking at ETFs and like picking a topic. You talk about that a little bit there.

So like I said, I subscribe to is the satellite theory. Right. And so the people that put together these ETFs, they're way smarter than me. And they come up with what their top ten holdings are. Right. So let's for example, let's take QQQ, because it's on my mind and my name starts with you.

You look at the top ten holdings, right, as Apple is Microsoft, Amazon, Facebook, both shares of Google, I think Nvidia, Adobe, PayPal.

I'm almost positive that's where there's a Tesla. Castles emeritus like number five, right, and so these guys have made this allocation for a reason. I think it makes up something roughly around 56 or 58 percent of the portfolio. Don't quote me, but significant chunk of it. So if I bought QQQ and I got exposure to it and I believe in the portfolio, now is a time where I look in the top 10 holdings or even in the actual holdings, sometimes based on price, everybody can afford different things.

I want to own some of those companies because the guys who are smarter than me put them together to make money. They didn't put those portfolios are going to lose money.

So, for example, if I own Apple and Microsoft and I own QQQ, what that allows me to do is and that portfolio of the Nasdaq one hundred, you're going to get some of the laggards. You're going to get some real losers from adrac drag performance. Apple and Microsoft at the top for a reason. They are bellwethers at what they do. They make money. Right. And so if I own those stocks and I own QQQ, I'm going to gain some of that upside that I lost in the laggers.

And it allows me to invest in premium companies. I want to invest in premium companies because premium companies buy me time. What do I mean? If you jumped in the market and you bought Draft Kings, you're sick right now.

You are sick right now. Why? Because when things get tight, luxury items go.

So that is a luxury item that is not a staple or bellwether. So when I look at my portfolio, I want premium. Premium buys me time.

I can never get time back. Time is irreplaceable. So now I don't have to watch my portfolio, my money over there. Now I'm looking for my next pivot. Where am I invest in my profits when I get some money. Where am I putting this money yet? I'm now allowed to do research and figure out, OK, what's my next play. Right. And let's say sports, for example, I was in by sports.

People love Jordan but don't work hard.

I never understood. I go. I love life, but like you don't work hard. So it's like, how could you love Mike?

And every time you argue about LeBron, you know, but you had the killer instinct, but you don't have the killer, so why do you love it? And Tom Brady is in year thirty five and he's not gonna retire. He's already fifty five years old, just taking what the defense gives them. When you get in the market, just take what the market gives you. If the market gives me X, Y and that's my way of getting exposure to Amazon.

Well at twenty two percent of the portfolio. Now look at the top ten.

I go OK, so you've got you've got to give me Amazon, give me Home Depot, Lowe's, McDonald's, Starbucks, Nike, Dollar, General Bookings, Target.

And I think today, Max, can we just talk about that?

Because in my head I was know if I missed one unit is one go man. I do love the process.

Oh, that is good. But I'm like, if you're thinking about that, right.

Is like I would own all those companies independently.

And so if you're going to say that makes up sixty eight point three, two percent of the portfolio, again, don't quote me, but I think a sixty eight point three somewhere around the right, I don't care about the other thirty two percent, but it's still there. So just Champollion there. And there's some other stuff that's great.

I get to own that. It gives me a reason to go on some Nike stock when I have some money or to go to McDonald's or some Home Depot.

All these companies made money through clothing.

What do you think they're going to do when this is over 18 months from now and this is now in our rearview mirror and these guys have been stacking cash and these guys have been making money through a pandemic, what do you think they're going to do after it's about positioning and boxing out?

I play ball growing up right inside, but just look at the rebound right now. Is your inside position to get the rebound, but you have to stick to your fundamentals. And if you don't, you're going to lose. It's not about being smart or not being smart. It's about opportunity costs. Right. So if I go to the vending machine and I'm hungry and something cost a dollar and I'm like, I well, if you don't taste good I never had before, I'll get us a dollar.

Don't like I throw it out. But if it costs five dollars now we don't think about it. I'm not going to fall out of something that I don't know how it takes.

Right. And it goes to the market. The people who bought Zune in January and February, they may have not been smarter than you or more intelligent. They just have more money to take more risk and take more of the costs. As a retail investor, you don't have that luxury. So you need to get in the form of let me take my profits and gamble, not let me take my bass and gamble. So I bring up the draft Kingsmen because it ran right with my sixteen all the way to like 60 to 62.

Right. I know mad people all yours. The next big thing. And this is going to happen, Bob, you know anybody, the draft kings who would do who in their right mind would do that? All right. So now I got. I'm going to get. Was it true, is that as more so I bring it up more so because there's there are people who bought that 50 people to. Right. Thinking that the stock market will only go up and not realizing that, OK, yes, there will be legalized gambling.

Yes. These things are going to happen. Yes, they have significant market share. Yes, there's a lot of positives, but it is a luxury item in the stock market. And when bills get tight, we got to cut them luxuries, right, when money is tight anymore. Now we're going to make do what we got in the crib.

So I think people need to you when you start to formulate your thoughts, formulate your thoughts. OK, let me look at X quality X that makes sense to have great returns. Check the one year, the three year, the five year, the performance write check. The expense ratio is an expensive ETF. I like Vanguard. Why so passive ETF low expense ratios. Now if you jump into an arc that's going to be more expensive is an actively traded ETF.

But again, what's in that top 10 holdings? What's in the overall holdings? What am I investing in? And then what do I like, like cloud, for example.

I like I like to see you love that ETF.

Why? Because there's companies in the top ten that I would own outright. So if I cannot afford to own those companies, let me go get some of that at twenty six or twenty five or twenty eight dollars a share.

And I can afford to own some of those companies that are in there independently.

There's a guy sitting at the table who told his friends to invest in cloud and. None of them listen to the famous yell, I'm not going I'm not going to. I think I stumbled on somebody told me about it, and I looked at my how do I know about this? And it's just there are so many good ETFs out there, depending on what you want to invest in, how you invest, what your risk tolerance is. And it comes down to sticking to your plan and watching your plan matriculate into these chairs and watching these shares matriculate into wealth.

When you go into your research stack, what will make you say this isn't a good company to invest in? Like what, like three or four things you're looking at that will make you stay away from it for me?

So before I even get the actual fundamentals are technical, I'm very big on critical thinking. I think that critical thinking is not something that we're taught when we go to school.

Raise your hand, write, write this essay, do this. You know, you follow directions. People buy gas every day and never wonder why the gas price change. You just go fill it up. I think that's our asking questions. How do they make money? Where they make money, who's their competition? Just from that, it's going to start to spurn questions.

And the more questions I ask myself, I'm either going to get further away from the from the ETF or the stock only get closer and deeper into the research. And so when I start to ask those questions, well, who's in their lane? Like who could potentially stop them from getting money? Right. And then how do they make money where they source their money, what's their strength, what's their weakness? That's going to let me know if I should delve deeper into the company.

Case in point example, say IBM, right. IBM just restructure their business line and they people are going to get these stimulus checks. Eventually they make a good source of laptops and consumer goods. What scared me initially was their copy, the competition in the cloud space. When you talk about jumping in the class page like Google, Amazon, that's like the SASE.

Like it's not an easy game, but like it's not you're not.

Look, the other competition is, wow, Microsoft. It's like you're not looking at like some chumps. You're looking at like. All right, well, we got Alabama next weekend, then we got LSU and then we got all like there's no game worth. I don't win this one. And so but when you delve deeper and shout at my man Jonathan, he had me delve deeper. And I'm like, oh, this makes sense because I can see this.

Right.

But my initial fear was, you're competing with monsters even though you have a good pedigree from a competition standpoint. Can you make it to a bowl game? Let's just say I don't know, but I like to think so.

But I like I like the fact that they have a good consumer goods line and that when people get their checks, they have they stand a very good chance of making some money.

So it changed my tune and it made me dig deeper. If that helps answer the question, OK.

Can we just do earnings really quickly in the 9:00 hour? I know you to be like, that's crazy, it's nine o'clock. So really quickly, I'm just go get the companies that we've spoken about before. Obviously, people reported today. Wayfair is going to be reporting tomorrow morning about the way that they still taking money from me every month. Qualcomm reports Wednesday after after hours, Alibaba Thursday before and Thursday after. After hours, we got square Roku and Peloton love all three of those actually.

Level three. Those. Yeah. Perfect, perfect.

Oh, I made one real quick one. Well, we would talk about Apple, obviously, if anybody didn't hear they have there one more thing event to announce. Probably most people are speculating that it's going to be the new MacBook. Obviously, they made the announcement in June that they are no longer to be using Intel chips at the margins, keep on getting sexier.

And so now they are going to be using their own Apple silicon processor inside the Mac books, which is great news for them. I'm not sure how great it is until they're trying to curve it by saying like, oh, Apple is only they said the single digit percentage. I'm like single would like that could be like nine percent.

But that's about dying a slow death ratio. That's a big percentage of your business.

And I don't know how you get that back. You don't get that back. I don't see Apple. You don't get that. But you reprice like around like the market is going to reprice certain things. And we have to accept that. Like when when Colar first happened, you got to buy the hotel in the airline stocks because it's going to go up and buy about this Cobus stocks. Right. Like the price that 60 percent of airline sales was business sales business.

And then people are flying around anymore like that. They're going to do it. But you're you're going to have to reprice those things. And so some of this obviously in the markets, who is the repricing of either asset classes or certain stocks or certain sectors that need to get revalued and kind of reassessed and. All right. Well, OK, what are we going to do as you're just seeing now with financials and industrials, with the potential win of Biden's?

Okay, with the reassess this get to revalue where they're going to be at? Like what? Like Cat becomes maybe a monster in that space if everything breaks right. For them. Yeah. And so when you start looking at your next play again, because you have premium companies or you're not sitting there watching draft kings all day hoping it goes up because you bought it at forty five in this trading at thirty five. But when you buy premium you're able to see what your next play is.

Right. Like what you saucing. Like what is what, what are you looking at. I'm very habitual in terms of like what I do every day. Like I try to keep the same. Have I go to Starbucks every day at the same time I get a haircut seven o'clock at Wednesdays, every Wednesday, seven o'clock you like.

But it helps my vision because a lot of times also I think people take in too much information and it's all the information that you take in is not applicable to you. It's generalized. So when you're watching CNBC and you're watching Bloomberg and they're talking about certain plays, it's not for you. Like when the market's going down, he's like, oh, that's something. It may not be for you if you're a long term investor. And I think sometimes we have to figure out what our habits are.

But what's your base like?

A lot of times I think that people's base is is basically built off of other people's homework and not their own.

Let that go over your head. Don't like that. So that's okay. Say that again and again.

I think people's base is built off other people's homework and not their own work. So they just taking what somebody else tells them exactly as by now when stuff happens, you don't know how to move. You build your foundation. Your house is important because if there's a storm, you don't want your house to collapse. And that's what's happened to a lot of people right now. A lot of people from March to August made a lot of money because the stock market went straight up and they were using a cheat sheet from somebody else.

We got a little bit of volatility and the house fell apart.

Most they certainly didn't like a cartoon character house just and fell on top of your head.

That's a your the homework. Yeah. People will say do your own research and we'll research anything. Oh, no.

As a matter of fact, you have to come up with your own standpoint. Right. For me, my whole thing of my base. Right. Is my work, my research that I do. And then my lens and my lens is comprised of the people that I trust, their viewpoints. So there are people like Ian, right. That I trust them. All right.

Well, what about this? He might give me a play. Yo, look at this. And I'm like, I mean, look at this. And I have a circle and then the media outlets that I consume, that's another thing I don't want to consume. Twelve million different things I want it is just not enough time in the world. I want to consume things that no one are easy to digest. And number two, that fit where my mind is at.

As far as competition wise, if you're not there yet, work your way there like some stuff is going to go over your head. I always talk ask my guests are reading the lingo. So that way you get the offense because once you get the lingo, these articles make sense. But if you just jump into some high level stuff, then it's those like alien handwriting, like, I don't know what. I have no clue what this means and that's going to stagger your growth.

I like the idea behind all this that we do right and everything, like in terms of the conversation that Troy and Rashon started. And I didn't want to I'm just happy to add to the conversation, add my piece to the court and keep the conversation progressing forward. But I can't do that right. If I didn't do my homework, I can't hit these guys up like, yo, what do you think? I'm hitting them up. This is what I'm seeing.

What are you saying? We're comparing results. I can't compare notes with the Cukierman class and he doesn't have a notebook is a different conversation.

And I think I think we've talked so many times. I, I'm, I go U.S.A., U.S.A. and it's like when you add value to a conversation is not comfortable. No. I mean, like there was there was a time when people were like, oh, can we get in your group, Chabert. And like, oh, you can't sit at this table if you not bring an end to the table. I mean, like we learn from each other, like so when Trappe says something, I'm like you, I got to look that up like I didn't know that one.

Know, here's one that I'm looking at. You know, I'm serious because I Shahbazian like, but we really live in it. So, like, it's not for us to say, hey, come join our group, just like everybody here to start to start your own.

You see what I'm saying?

Or Rucha put up our arguments and I'm like, why would you get out of the house.

I told you he called me. He called me. I said the same thing. I called him. I mean I'm not bugging my home. I listen I get, I try to be nice but also go up charge of something that's too much information.

I do not understand that you're getting at a premium for free.

Like I said last time I was here, the students make the school.

The school doesn't make the students. And that's what anything you like.

I said, Yale, Harvard, all your school's right. Morgan State, Hampton. The students are what make them prestigious because the students go out and they cheat.

And then when you look at them, you go, OK, this dude's achieved this great worldly feat where you go to college, oh, you wait here. The college gets gets a lift. Right. Same thing. A sports. I believe if these cars decide to go to one school, the school the is different now they play in primetime game.

A swag of different coaches walk around campus different like that's what makes this.

But in this scenario, the e why else do red panda? They make the institution. So it's up to them to continue to move this conversation forward and get it to a higher level.

And without that you can't move because you can only give them so many free plays and so much free information and so much free games. So I promise I will. What we talk about now, we're going to stay here on YouTube, stirring each other.

We'll have to wait till next Monday.

And so those questions are important. What kind of questions you ask? Why are you asking questions? Those things are really important because maybe Ian wants to check in for that. So that's a good question.

Yeah, somebody just asked about AutoZone. I'm like, yeah, great company. And so I thought I was over a thousand bucks. You wouldn't think so, but great company isn't. If you guys do your research, do your homework. And the thing that we can't give you is the passion part. And also on the retail side, you know how intimidating it is for me. Rashon And trying to talk to him and bottling. And they're on the pro side.

It's like me coming to Jordan like, hey, man, what you think it is doublecross straightaway I was going to be effective or not.

Like if the step back isn't good, I can embarrass myself. So I put in that work consistently and even like we were shot, like you can see in episode 70, it wasn't till, like, Mad Point where he was like because it's so much B.S. on the Internet, everyone's the expert, but you stay in your basement, the guru.

So it's like I have to earn my spot every single week, especially when we cut off the zone.

That's brother.

But my message to you is like research and put in the work and choose not to talk. And I'm to tell you guys, seriously, you guys, to try it enough.

They don't go quiet killer, silent assassin killer.

Or is the dude that has seventeen and you never lost the game. You like going.

Oh yeah. Five three six.

Troy Royce Troy said that this is officially become cash money records and I'm baby I was here last night.

He slipped. I said, yo bro, this is cash money bro. Like you definitely have taken on the baby role and I get to be slim.

The clay one was just kind of the public opinion is quickly turning against me like this one to take his mike, get him off of here. He's to me.

Let me let me back in as Michael Yo we let's get to some people man shot that all our earnings. They may have been great. Y'all been really great. Really patient.

I'm jumping on a on a smile to cut you off. Can you please tell us what research reports to look at on the retail side? Because I've got this question like eighty eight times on my team and this person will not stop texting me.

Why. What's. Places, yes, is outside Aragón by a different privatized stuff, so it's like drinking Perrier water compared to like the publicity is still good though. But, you know, I'm going to eat those joint. Just tastes a little different.

I think that's the key. I think it's different. So, like, you have your regular sauces, right? But you're going to have to pay for research. Like if you want good independent research, you're going to have to pay for it. Like there's no like there's no independent research that's going to be free. That's going to be one hundred percent fire. That's just big enough for free. It's usually going to be a guy that worked in the business for a while that spun off, maybe did his own fund.

And he has like a little podcast or kind of write up stuff. And there's a guy I forget his name. I find the links not to send it to you, but Ben Thompson from my tech. Sorry, my dad dude's pretty good. He has like a little ten dollar twelve dollars a month joint where he does like daily write ups and different stuff as good content on his podcast is free, has some good content and stuff like that. But yeah, like it's hard to find out who's giving off free information to make money.

Like if you like a cube, like I have a thousand dollars only making a million. All right. If I had to answer the question, I wouldn't be working. And then two, while I give it to for free, like if there's something of value, it's going to cost money.

So most of us would be privatized. But I get access to their private research, which is not always the best, I guess. I mean, some guys are all like some analysts kind of guess, and they have a differentiated point of view because everybody else is going left. They want to go right just in case, you know, it breaks one way. So I will say your own research, your thought process. How do you think? A lot of times it's a Tilley's, it's right in front of us.

You don't need the analyst to tell you certain plays. Right. And case in point, all right. If I look at where we're going and fintech, the PayPal's, the global payments, the Visa. MasterCard, right. The square. All right. So what could happen, maybe square or when these companies actually buy a bank, they have higher valuations. Not saying that's going to happen. But hypothetically, hypothetically, if we're just doing something to win, when I look at that, can anybody tell me a bank issued card that doesn't have Visa or MasterCard on it, a bank issue, a big issue card, any bank?

No, because their grandfather monopolies, so even though MasterCard missed earnings because they didn't get the usual foreign transaction fees that they normally get and Visa maybe not doing as well or payments kind of get dragged down right is still a space that's very valuable.

Every day these companies are fighting for your swipes. If you use your debit card every day, you lose the money, because if you just have a two percent credit card to two percent and you know you're going to spend twenty thousand dollars on the year, that's two thousand dollars back for money. You are supposed to spend money you were supposed to spend. If you have a credit card, you spend what you're supposed to make. Do not go out there and buy Noguchi Eluay and stuff you can't afford.

That's a whole nother conversation. But if you just take what you normally do, if you buy groceries, Amex has a six percent cash back grocery cart that is six percent on free money.

That's vacation money for the holiday gift cards. That's a whole bunch of the stuff they're fighting for. They wouldn't be fighting for if it wasn't valuable. I don't need to endlessly tell me that I can just look around and look at that, that analysts really don't support my argument.

Yes. Get your credit up, man. Get that mix. That's a fact. That's my supermarket.

So, yeah, let's go to, uh. Let's start here. Let's start here. Ricardo Ricardo Grande, you've been a muted amuse yourself.

What's going on? Everybody likes to post on you to please record it was good. Here you go. Yeah. Oh, no. All right, then. Great. Checking in from Brooklyn.

Yo, I want to say thank you. Troy was shot and thank you.

And the guest tonight, man, a lot of great information is good for our people, man. Definitely need it. Thank you. Yeah, assets over liabilities to me. I love you, see, you know, you've got two or three different flavors on. You know, it's the hottest clothing line out right now.

Yeah, I got a question for you, man. You know, I know you don't agree, like on the dollar cost averaging. I'll buy it. But I just got a question. You probably explained it already, but I just want to know, like, how you break down like a stock where you feel like the buy in point where you feel this is what the stock is worth. Like, I know you look at the current assets kind of liabilities on revenue.

I just wanted to get like the whole gist of that.

First of all, to say, my God, we talk almost every day. So the surprise is that we disagree.

I think Trump's position is what I would say. Load the boat. I think Trump is just saying, hey, if he gets to this price, wait for it. Right. And load here. Right. Great. I'll say if you don't have enough money, I don't want to. Dissuade anyone from not investing in the market because it hasn't dropped to that price, because if you did that in 20, 2009, 2010, 2011, when my fellow Leo was in office, Barack Obama, Gubin, that you would have had a hard time getting into some of those positions.

So I think some companies that if they're volatile, like Tesla and she talked about Visa, MasterCard, credit card index, ADP, write that down, free giveaway is key.

You can wait for a particular price, but if it's a good company, it's not going to move up and down 15 percent to 25 percent. And then how do I analyze? I have. A special set of things on my screen that tells me where they like the algorithm to kick in, so like that crystal ball, you know, is on my ass on my screen, but by and 20 percent down is good. But if you go look historically and this is where I want you to do it and 20 percent down.

Mm hmm.

OK, because if a house is one hundred thousand is not a deal. If you bought it ninety nine thousand, it's really great for the Chinese. But everyone doesn't have stocks. So when Tesla was at 500, I was like, oh man, I can get it at five of them.

Like it's going to slow down. That's going to come down, the market always corrects, there is a book that Troy told you guys about that will give you the mathematical calculations month by month, but you must not listen to Detroit killer.

The best execute are going to be quiet. So 20 percent down is good. And then if you go on a technical side, a couple of weeks ago, I told you about the price channel. You can add that to your repertoire as well.

And you may recall we got we need to see you at the book club on Sunday, man. Make sure you did. Yeah, definitely. Definitely. We might have a special guest. Thank you. This is a great question.

Let me let me just go a guideline here quick. That was a great question. I appreciate you. I appreciate you on the Mirch.

So guidelines for you while university members, the questions we ask, if you will limit the question to one question and not like an investment question on an individual stock because it just takes too much time. But investment questions like general investment questions like Ricardo just asks something along those lines and please do not ask for any red panda scholarships. I think the scholarships have been frozen, I believe frozen until December 24th and I'll play Santa Claus.

So there you have it. The guidelines, guidelines. SACEUR Brown, we're coming to you. I mean, the stuff you've been unmuted. What's going on, guys? How are you doing? How are you?

I'm here and we from from Brooklyn I called you guys a couple weeks ago, is Brooklyn is without a doubt, Brooklyn is our biggest market in the entire world.

So we have five point nine million people in Brooklyn and we love Atlanta, but we can never forget because.

What's your question?

I actually don't have a question. I just been writing and researching and doing everything you guys have been to blessed us with the information. I just gave me a scholarship the other day. I can't even figure out how to get in there.

My team will take care of it, but that's a good problem to have. I would have been no problem.

But I you know, I sent a few emails, but I know I know everybody's inbox is looking really crazy. Crazy. She's going to be impatient, but I just trying to figure out how I log in so you know, where I go.

What if you can ask a question for me, I'll be sure to get my team on. What's the number thing number one thing to struggling with when it comes to investing?

Um, I've been working on it just I'm a risk taker.

You know, I thought the money in the pot, I let it grow. So I kind of it's been up has been down. So I'm just more focused in on exit strategy, learning to come in with an exit strategy to determine when I want to pull out what, you know, what percentage I want eighth or what's the goal of investing. I'm investing, but I also. I'm sorry. Go ahead. What what are you investing in? Well, not not a lot, because you told me to scale back, so I got rid of the silly things that are to our money and I'm just like I mean, Apple likes of Disney, Tesla, Best Buy.

You've got to go to court to recharge. That's enough. That's it. Good, good, good.

I want to oversaturate. We spoke about that before, right?

That's what you told me before. So I've been trying to like, you know, just figure out what's what I think is going to work for me long term and just invest in that monthly. And you've got Best Buy? Yeah, I got Best Buy when it was cheap, like seventy sixty dollars, I'm like, oh my gosh.

Well I used to work this already know, like they were going to take over the game because they their whole plan is just to focus on smart home and actually having people to come to the house to to help you build your smartphone. And that's why I was talking to and I was telling somebody like Apple, Apple's about to kill the game, too. They know that the phone industry is kind of stagnant now, but they're getting into the smartphone. And it is going to be like, sounds like you've done your research.

You know, I should be texting you out to the Geek Squad at Best Buy as far as a yeah. Yeah, that's the Best Buy. Best Buy is a great company.

That's a great one. Appreciate you, Sasha.

Thanks, man. I'll be looking out for the email. I got you. I appreciate you.

So New York, we love it when people are taking it for her to keep on taking it. Let's see them go to a new name. A little new.

That was a Joe. This is a tragic, tragic, we coming to you amuse yourself, you've been unmuted. It was going on then I made it finally. That's a fact. Now, what are you doing? Where you from?

I'm from Miami, man, but I live in Atlanta. I've been here for eight years, shot outside Atlanta.

I am not going up. I had the foresight this week.

That night I was shot. I shot out to the boys out there.

I see my brother Neal just bought a Lamborghini that was in a Lamborghini was zero miles on it. They something different in the lane. I'm not sure exactly what's going on out there.

So, you know, something is it's something in the water of the goose out to Mr.. And two weeks they got some they go crazy money with machines in Atlanta.

They go and silly Nalpas. And we're going to need to drink it. But my question was more about fundamentals on this. But I'm looking into a lot of trading on ETFs and index funds. And when I'm researching a lot of yes, I'm I'm seeing a common phrase in terminology with you guys. We go over and I've seen expense ratio. So when to exercise, how important is expense ratio to ETFs or like is there like a number you should look at that you should be grateful.

Like just can you guys expand on that?

That's a great question. Too far away. All so the expense ratio is basically how much it costs to run the portfolio, rather passive one. We're they're not doing a lot of trading is going to keep that cost really low. An active manager should be somewhere between point five and point seventy five.

So if you look like an arc, they're within that range because they're actively moving stuff around. Now, it depends on what you're getting to like what's in that portfolio. Maybe the expense ratio makes sense because I'm getting such quality. Sometimes it doesn't make sense and you can find a cheaper alternative that maybe doesn't have the same names. Exactly. But maybe one or two are missing. But it's more to your personal preference. Like to me, I'll pay off a premium.

Like to me, like, for example, like I'd rather travel first class an economy. I pay for the experience. So the same thing with ETFs. If it's a quality ETF, I'll pay the extra funds ratio and not have a problem with it because I'm like I'm getting great quality when I'm doing like I say, it's buy me time. That quality I get those allows me not to look at that ETF and look for my next pivot. And I'm always hidden in I go Costco, Wal-Mart, those are my like my Pybus.

I'm like, oh, I love this. I love that. So I think if you think about it, you're buying time. Right? And if it's a passive investment, then go Vanguard because it's low. But if you're looking for something more active, there's other things. What is your price point in terms of ETFs?

Like what do you want to do right now? I'm looking at more and more of the passive side looking more long term. OK, I bought Cloud just shares of that. That was my first actual trade. Like I mentioned, I'm new to it. I have twenty twenty three option call for ex. OK, Kudo's you guys. I'm, I'm in estimates and things like that. But my price point, I don't want to pay a premium that's over about, you know, two thousand in that range.

So I just wanted to keep you on there. And premium, and I'm talking about just the actual strike price and just OK, so I'm strictly options, I don't really want options, straight options.

OK, OK, so I'm going to ask you a question and I can't know the answer, but maybe it's what I mean when you say, like, art is an active ETF, things are moving around. So when they look at the fund. Right. And there's 40 different things in there. When you say moving around could like a TSM that's in the 20s, that could be moving up on that list year to year. Yeah. So, I mean, they're trading constantly, right?

They're looking for the best asset allocation. So they're going to make a lot of trades and they'll tell you in the prospectus how they trade. Like if you pull up abusable up, you pull up iShares, you pull up Invesco, you pull up Vanguard, they're going to give you the prospectus, they're going to give you the fund manager, and I'll give you the performance that's coming for you to go in there and look and see, OK, is this a strategy that I agree with?

Are the assets in there worth what I think they're worth? And should I be paying this expense ratio? Like I said, Ian always has got the vanguard, right? Because you can automate. You don't have to think about it. And this is low fees. Right. And that's easy. You're overthinking it by doing anything else unless you want to kind of get your hands dirty and you want to do the research from the prospectus and holding.

Sorry, Troy, can you tell in the book they backed the book, which was the I said the stock really play it.

Yeah, the Stock Traders Almanac was using that. But when I said the book club would do a money master, the game right now with our book club at Yale University and the Book Club, the good thing about that is that is one thing to read a book. But it's like when you actually like being in school, when you actually sit down with other people that read it, it's crazy. It's a whole different understanding because I might have read something and I might not have fully understood what I read or like you might have read it and got a completely different understanding.

So there's power in the powers, in the numbers. Maybe there's power and congregation.

Yeah, that's what I'm glad you use that word because that's what it feels like in there. It's like three. We had only 400 people in it. And it's like you're getting perspectives that, you know, I read that page, I know the exact quote. I didn't even see it like that. It's like that's what the beauty of it is, really, man. You get in perspectives from a bunch of people, all with the common knowledge, like we're trying to learn as though.

Yeah, so, yeah, one of the added benefits of being a university member.

Let's see. Mr. William Taylor, we're coming to you amuse yourself. He's not available now. He's gone. He's out here. Alicia Singleton, we come to you. Amuse yourself. You've been unmuted. Oh, fridge, bring them jam, quantum slippers. Yeah, gotcha, gotcha, steben, I'm just going to Jerry Ingram. We're coming to you. I'm you to if you've been a muted. Gerri, quick, quick, quick, let's go, brother.

He's like, yes, just like the price is right. Come on down. Yeah.

Oh my God. How are you doing? I'm good. I'm good. I appreciate the time that we have here. That's just real because it feels like you're like a lot of people, like they're so like high up that they don't really care about the little guy. But he is legit. So I appreciate that there's no such thing as a little person.

We're all equal. But I want to start off with saying thank you to thank you for everything that you guys are doing. I get nervous. But my question with this whole well, two things, the clubhouse thing. And like these Birkin bags, from a marketing perspective, I wanted to get your guys take on that or what would you say? Book club, house like exclusive, everybody trying to get in and not everybody's talking about getting like a brick and bag club out there.

So you want to we need us market to come.

Well, I want to I want I got to be careful how you answer this question of clubhouse is a very it's a very high tab right now. I think we going to a clubhouse room for market Mondays, I believe, right now. And this is it's a great tool to network with people and to share different ideas and to gain information. Have you been on it yet?

You know, I think I just got my little approval during that. So it might be I might be on invite. Yeah, I have a little something.

I'm working on some top secret, but you clubhouses is definitely I. I have been off for a few months, but I just started getting active like last week and we did our first ideogram and was in there while she was in the gym. Five hundred was in and Davis was in here and we had everybody go. Spargo was in there. Mickey FACT's was in Alex. Alex CalEnergy was in. Oh man. It was it was crazy. So yeah.

I mean it's dope is don't I see. McMeel was in there last week I to make Manjit.

It's a lot of creative's and they're sharing information and giving out game. So if you, if you are able to get in is definitely you definitely can get some value for sure. And what do you think about it. I think it's amazing.

Any time you have something that's exclusive, people want to be a part of it. And then same thing on Facebook in 2005 when I was only college students, that was great. So is that the infancy stage where it's very possible? Same thing with the Borking, like the Borking thing. I know that was a hot topic last week and a lot of those rappers are being paid to those conversations, too. So and the secondary market for the market is insane as well.

You know, I mean, it's great from a business perspective, but from a visual standpoint, I think it is a staple piece. I don't think the bag is absolutely amazing for the price. But from a marketing perspective, any time that you have something that is high priced and you get celeb's, that have status talking behind it, I mean, something happened to Louboutin and Rolls-Royce, the place and some rap videos for years and sort of been like it's a tried and true luxury marketing strategy.

So it's working.

I mean I mean, we also have we have to be careful about these applications also because. We build up these applications and they they get billion dollar valuations and we get beghtol equity, we get followers, I have a term, I have a term I use that people look for a social equity.

So social equity is kind of like your my player rating, like based on how you view me, what I have on how I talk, how myself, you kind of give me a stat. Your mom will choose the eighty five if he did this, who gets a 90. And so people do a lot of things for social equity but it's not a real thing, it's kind of a gozi.

And so we build these brands up because people are chasing that level of social equity that doesn't exist the same way as you're my player doesn't exist is like a video game. Like, you know, it's cool, but like it's not that's an intangible kind of goal to it. So somebody hit me up.

I had a conversation with somebody the other day. There's a black hole situation kind of similar that they're building out. I can't really speak on it. And I don't know if they want me to speak on it, but hopefully it comes to fruition. I would love the support that I would love to add. So eventually we're going to have to create something for ourselves eventually.

And I guess just it's like we don't own YouTube, we don't own Facebook, we don't own Twitter, we don't own Tic-Tac. Eventually we're going to have to own something. Yeah, yeah, yeah. Q Well, what's the best piece of advice you ever received on investing while we wait for the next person to come up? I'm trying to think about obviously a lot of good advice. The one thing that sticks out to me, and I don't know if this advice more is saying is that you are the CEO of your life and so you have to run your life accordingly.

And that goes with everything that you do like is your balance sheet, right? Like we look at a company's balance sheet. I look at your balance sheet, what do you invest in? What should be assets versus liabilities? And I've learned to kind of run my life like I'm my own CEO. And I think about, OK, what I invest money in me. If I was a company and I was a CEO, the company would you like I will invest in you.

I'll give you my money. I believe in him. So I think the best advice obviously is, is to have conviction, because when you buy something, you want to have conviction, you want to believe in it. You don't want to believe in this so hard. You won't get off of your high horse to say you're wrong if it goes the wrong way. But the biggest thing I would say is the lesson of why you are the CEO, your life.

And then a mantra I live by is you are the architect of your legacy. And that's a mantra I live by. I kind of made up from learning all these things about investing and being around people and being around different minds is that, you know, when you're not here, people are going to talk about you, how they feel. So am I being your face? You're my brother. What's going on then when you're not here? I never liked him anyway.

He got on my nerves. And it's like people are going to be based on your legacy, how you treat people, how you make them feel, how you present yourself to them, how you act. So everything that you do in life has something to do with your legacy. And it kind of runs back to like you are the CEO of your life. And so those decisions matter, like when Netflix raises the price one dollar that kind of matters and all these things every day, these small little nuances build up your legacy because legacy has nothing to do with how much money you have.

Rich people die every day. The legacy has to do with how you touch people. Right. And if my investment ideas are if my investment acumen can help somebody and twenty years now that helps my house, my. Yes, that's how I stay alive. That's how you keep the legacy alive. And that's why we still talk about Martin Luther King and Malcolm X and Rosa Parks. Right. And all those names, because their legacy, they weren't like rich people.

And so the idea behind is that I'm the CEO of what I do. So I have to run my life like a CEO after run my my retail investing. Right. I run that like an institution. I'm the CEO of the institution. I oversee everything. So I'm responsible for all the investments and I'm responsible with the information I get about and how I talk to people and the relationships I build outside of that to help me get better at what I'm doing and all ties in to me being the architect of my legacy.

And I want to protect that. And so that's kind of the best overall advice stock market in life.

A couple of what let's get a couple more. Junior, Junior, Lawrence, you've been unmuted. Thank you for being patient. Amuse yourself. What's going on? And it was going I was going to if I was going on. Were you from Brooklyn?

Yeah, that's not really the subject. They thought it over.

They took it over now. Originally. Originally, I'm from South America, but I've been I've been living in Brooklyn now for 16 year old.

What's up? What's going on? So I. Ranu, I'm investing. I want to just thank you guys mutual friends and informed me. I'll check on you. Oh, I found you on Instagram and then I love you guys.

Are you in the market one day and I have to join the Yale University and you know, I can fall. So my question to you, I know is so I know the right questions about stocks and stuff, but I just want to thank you guys for all that you're doing, all of you guys, everybody.

And my question is, so to Ian, let's say. I'm trying out a scenario, right? Well, let's come up with. Thirty thousand right now, twenty thousand no. And that's the real number, right? I have I'm looking to invest long term. I have three daughters. I want to invest my money for them because with me, I feel like I'm good. I'm I'm grateful. I'm good. I want to invest the money and put the money away for them.

Where should I allocate the money? You want safety? Yes, and that's what's my answer on that is not going to change.

I would like to try to chime in, but you don't want to gamble with your kid's future. And the great thing about so when you guys are looking at the ETFs and looking at the top holdings, ETFs and indexes are similar. So it's not so easy when you look at it and why I like the satellite theory is just for that reason, there's a billion stock, right? You don't get overwhelming.

What do I look at the ETF index, small insulin's.

OK, look at these things, because I'm already invested in them and I'm already getting a broad line of exposure. One, I'm taking some of that risk off the table because I'm getting exposure to different company sectors and risk level. So I'm good there. I'm getting quality companies, I'm good there. And then when it's time for me to invest in stock, I already have a watch list because I'm watching what's performing. OK, because if a company performs really well, you know what the man is going to do?

He's going to move the allocation up. And then what we saw prior right when I came on here before and I told you fund managers were moving money into cyclical and undervalued names, a.k.a. financials, industrials, homebuilding, things of that nature, because tech had ran up so much it through the portfolio off and that you had some portfolios that maybe started at 12 percent Apple and ran to 18 percent because it's tripled over the period of time. They had to shave that and off it went to where?

Right.

It went to vacuously. If you're watching that, you could have caught some of that investor early and then caught that spike because you saw the fund managers moving that.

So it actually gives you a predetermined watch list on top of a prolonged exposure. I mean, hits on top of the head. Yeah, I think tick, tick, tick, tick is definitely something that I would recommend, especially for somebody for children, because there's only going up from here, whether it's ETFs, whether it's mutual fund, what this individual stocks, whether it's the Nasdaq, QQQ or whatever, tech, tech, tech, tech and the same place like you can do, you can invest in regular stocks, you can invest in ETFs, you can invest in options.

The thing about options, of course, like we said last week, the bottom line, he's been to options since two thousand, I think seven or five, something like that, for a long time. And of course, we know long term options, you know, give you the best hedge, but. You don't want to put all your eggs in one basket, right, and it's difficult for people to give advice, like if you if you just started investing options, which a lot of people just aren't investing options this year.

Right. How can you tell somebody to to to only do two options when you have an investment options for two years.

So you don't really know how long.

You don't know a it's like you're making an educated guess, but you yourself don't know if you have if you yourself hasn't actually ran around like Maurice Clarett, south of Miami and where we've Clarett Legend, Ohio State legend, he's I got to run the route for everything he talks in football terms.

If you yourself have not run the route, how can you tell somebody else again? It's going to be difficult. You got it. You got to run it no matter how some it teaches you. The best lesson is self education. Like you got to go to it yourself. So just be careful because you can lose your shirt to lose your shirt and you might not have enough money to recover quickly because I'm a piggyback I want just like when I shout out to Chris when I was in the shout to Pete, I think Pete actually put up how he invests, but I'll come up.

My strategy is real simple, man. I want to build a foundation, so I use my table strategy. My tables have to have legs and my legs on my ETF, so I start there. Once I have a strong table, then I can build on top of that table. So that's just how I do. Whether it's individual stocks, anything else can be on top of the table. But if I don't have a strong foundation to invest in, it's going to crumble.

Your foundation has to be long term.

I'm in a futures market every day. You guys rarely hear me talking about it here. Why? Because most people don't want to be good at trading. You want the money from trading. You don't want the process of being good at trading options and futures. And they're still short term. Start with long term investing.

First is not for an index fund is not the most glamorous name, but if you start there, you will look back in six years in a to drawdown. Ninety five percent will be saying 80, 90 percent and you'll be happy. And like Troy said, the trader is like the stuff on top of the table. The foundation has to be the indexes. They have to be. Appreciate you very well.

Let's go one more one more one more reason why he's funny. I was talking about this. I'm like, yo, put me on. He's like, I got to run the route first. I can't put you on. It's I run the row first.

I hope I get to stay. Jerilyn, you've been a muted amuse yourself. Thanks, Carol. Oh, girl, I was you know what, I was on a scooter. I was on the street.

Musselburgh Were you from that? From Louisiana?

Baton Rouge. Born and raised. I live I live in Atlanta.

So available for many, many in Brooklyn is all is all we have today. That's it was our brother.

Yeah, man. But I just had a question.

I opened two accounts for my kids, one for my son once my daughter. I'm just trying to figure out. How should I be? How heavy should I be putting my money into the accounts right now, so, you know, I have one for me, but I really want theirs to be, you know, great. So I was trying to figure out how should I be putting it into their account?

Let me let everybody but my personal as you know, what I tell people is like it's like being on an airplane, right? Like, I don't know how much you have to pay for yourself, but you have to secure your own seat belt before you kill somebody else. So for me personally, I love my son and I think everybody loves their children. But I got to make sure I'm going first, like, that's my my first priority, because I know if I'm going, he's going to go by default.

Yeah. I'm not I can't worry about my kid until I worry about myself first, because if he's good and I'm not good, what's going to end up happening is I would take his money and I've seen it happen before, not because I've seen it. I've seen it happen to you. But you open up a 529 for your for your kid. You don't have you don't have enough say for yourself. You go through hard times. You take your kids 529 one that I thought you talk about.

Another story that we encountered were good.

Now there's all kinds of stories. So first, my first thing as an adviser is make sure that you're good as far as your short term play your midterm, your retirement, make sure you got money coming in on a consistent basis and you have a set a set trajectory of this is where I'm going to be.

And then from there is whatever you can afford to put in. There's really no set amount because everybody's situation is different, whether it's a hundred dollars a month, whether it's five hundred dollars a month, whether it's a thousand dollars a month is the good thing is that you can always increase it over the course of time. So starting with something is better than nothing. And like all things, like you start and you just see how it affects you. So if you're putting away one hundred dollars a month for your kid, you see how it affects you.

And then if that's comfortable for you after a couple of months, you could put two hundred. You can put you know, you can always kind of crazy but me, I always like to start at a level that you can do because it's like it's like going on a diet.

You don't want to start a diet, then have to like cut back. So you don't want to start with five hundred a month and then realize that's too much and then cut back psychologically. That takes a toll on you is better to go up and have to go down. So yeah that's that's my take on it girl.

I'll just let you in on a secret. That's my financial advisor.

So that's what I appreciate you Lasserre. I saw that two to five. I said if I thought I was New Orleans, we got to make sure that Baton Rouge is represented two to five. Shaltiel appreciate you, Baton Rouge.

And it's good starting early. What I did for Zehnder, I increased them out every year. So if you have a fear, if it's not going to work out, like I would increase every single year, like Rashad said. And then once you are in year four, you're going to be so excited to put that money in. But yes, you do have to take care of yourself. And I want to tell them my parents love yourself enough and to invest in you, because a lot of the times kids won't listen because they can feel that you don't love you and you can't force what you wish you knew at ten on them now.

Because kids are looking at what you have a plot in your life. Mm hmm. Not the knowledge base like Xander listens to me about money, because when he asks me for money, I don't say no because I have it. It's different when you're just trying to teach your kids something and that result is not there even young, like the reason why I give out cash to kids first, especially in a hood, because they're not going to listen unless you give them anything.

You don't want to hear any theory about why you should get off the block and man, you only going to end up there and they don't want to hear that.

So we sell you for don't sell them.

No dream to show them the green.

You have to got to do it. Yeah.

But definitely make sure you can if you can say for your children, it's very important to say for your children is a very different ways. You can do a Roth IRA, you can get insurance, you can do a 529 plan, you could do a custodial account. So I'm not I'm not I'm not trying to discourage anybody from saving for their children, but I just I think that's important to just, you know, make sure that we have our own financial base first before we know before we start to do that.

This S&P looking tough. Abidin boy, is it tonight. So thirty three. Twenty four.

So let's do this let's do this because we almost add to our list. Let's do it, let's do a prediction. Let's, let's end show like this.

Let's do a prediction of what we think this is like this just like you, a number two mind.

You know, if he reads that we're going to be here to ten thirty. Oh, man, drop that. Now, you should be a writer, though.

I want to try to have a I have a graphic. I have an expansive imagination.

I wrote House of Cards and in season I saw I saw an hour late. I said, you know, what competition is this? So.

So who wants to start? I will start. I will predict. This is my prediction. I think I think we'll know by tomorrow night who the president is going to be. I think once Pennsylvania comes in and the numbers are looking heavily in the favor of Joe Biden, I think I think it's done tomorrow.

So you think you think tomorrow Joe Biden is going to be. I think tomorrow.

I think Wednesday morning we'll wake up and Joe Biden is going to be the president. And what do you think?

I have I've been Senator Biden, that popular vote, based on my calculations, the electoral I am afraid of. So you think that the Electoral College will go for Trump is going to win? I think there's going to be in a row if two times in a row, I he has the popular vote, so I only base it on data.

So before I got into investing, I wasn't smart enough to pass him cap, but I was premed. So I always do research. And based on what my data is telling me, like he has the popular vote. But I'm very concerned about what the Electoral College. Yeah. So like those those swing states, Minnesota, Michigan, Ohio and Texas.

And I think it's Florida, there's something about don't hold me back. Like no president that hasn't won Ohio yet to win Ohio. Winning Ohio is like nineteen seventy six.

I think it's nineteen seventy six. Like there's been no president to not win Ohio and win the presidency. Ohio, Pennsylvania is up in Ohio I think right now. I believe right now.

No, he's losing Ohio and Pennsylvania to what do you predict you if I'm going to predict something, I'm going to say we're going to know. I'm going to go Biden either Friday or Monday, Monday, I think.

Because the one thing about the Pennsylvania thing is it's like they can't start the vote count until that day tomorrow. And it's like you think about how much is like two point four million votes or whatever it is like you're not getting to that number. They always do. Like when they get like 70 percent, you're not going to know. They're not exactly. And you have a guy that you don't again, you have a guy you don't know what he's going to do.

He might be on some wild stuff.

So I'm going to say Biden on Friday, Monday, the latest. I just like him from what Nawin numbers. I just think that big money is like, yo, we need somebody who can shake hands overseas and keep these relationships going, not to get off track. But China for a while was colonizing Africa. And if they make stuff for dirt cheap, what were they paying the Africans? Africans have now started to kick China out of Africa and regain it.

So we got kind of lucky there. India and China are kind of beefing. So there's a lot of opportunity to take back some global markets that we lost over the last four years. And I think that by not that he's the best candidate, but I think he does the best job of shaking hands, smiling. So Biden by Friday or Monday, OK. All right, ready?

I've got warned House of Cards, I came up with this in my brain, so I feel like I feel like Trump. Trump on Tuesday is going to be too close to call. By Thursday, they're going to call it for Joe Biden. At that point, Trump will contest the election and it'll go on for several weeks. He'll go to the Supreme Court, he'll lose the Supreme Court, and then he'll go on national television and he'll say that the whole thing was rigged.

His his core supporters who urged him to take the streets, they'll go to the streets, they'll have caravans.

There'll be they'll be marching. It'll be a big thing. Then the military will have to come in in an unprecedented move. I think the House is going to have to remove him before January because it's just going to be too volatile, the too volatile situation. And then that's going to cause even more problems. And then it's going to be even more like mass protests in the streets. And he's not going to go he's going have to be removed forcefully.

And then a brutal cold streak will hit around late December and that'll put an end to it. And that's how it all plays out. And twenty, twenty will officially end with a bang.

I'm not I'm not going to want that movie. Sounds like we're gonna regardless if it's a Netflix movie. Count me in for an hour and a half. That's a fire movie when me put that and then it'll be New Year's. I like what happens in six weeks.

That's a fire movie star, only nameless in the universe and crazy movie.

If all that happens, bro, all that happens. It's documented on Mark.

You already heard it here. You heard of him. Yeah. You know, I mean Netflix. I want that. I want a serious exclusive deal. Let's work something out with whoever you vote for. Just make sure you go out and vote. Man, do your civil liberty, man. I think it's a record number already of early early absentee ballots that have been submitted, I think. Ninety three million. It's record breaking. Yeah.

That's almost almost 70 percent of what we actually had in two thousand sixteen. I think it was like one sixty six. So I mean, this is record breaking already. Let's see what people do tomorrow, man. So get out early and all the lines will be long. But be patient, man. And a two year civil liberty. I don't matter who you vote for, just get out and do it there.

You have a Q I appreciate you, brother. Man, I just had these guys working out, so I'm glad that the whole world gets to get to tap in with you and they're going to be in your Instagram crazy, you know, to find, you know, anybody who will reach out to me not hit back, man.

Come to me. The question is coming over. You got you know, I'm here I'm here to have the conversation. Like I said, it's always a humbling thing to be be around my brothers and be able to have this conversation get pushed forward. So I'm here for the culture, man.

Everything is OK. I like how I can contact Rikyu. MG, I'll get back to you. I got you, Tasha.

And what's your wish to go where I'm. I love you guys so much. Thank you for supporting every single week. For those of you that showed me love this weekend I was going through a hard time with my friend. I appreciate it. My Democrats vote and get off the streets. OK, so there is added pressure civili on the streets. Read between the lines of what I'm saying. Vote and get off the streets and call someone you love.

And for those of you that I know, if you're intimidated by investing, just please go replay. Follow that plan that I gave you long time. Invest first, then swing through in Detroit. You'll be OK. So I love you guys so much. Shaji agented put it in.

She put it in the machine. The user. You ready. Got you in on it. Is it, is he like. There it is. She said it every two seconds happens.

This will be replayed on YouTube but then also marking one day that will be on twelve o'clock Eastern Standard Time. All podcast outlets wherever you listen to podcast, Spotify, Apple. So make sure you check that out. Run those numbers a telephone to tell a friend. We'll be back next Monday. Let us know, you know, different topics that you want to hear. We're definitely going to bring you back sometime, hopefully in the near future. He's right.

He lives down the street, right down the block.

We're going to snatch him up at any college. You, Richard Singleton. That's fun. That's funny.

Monday, Monday, Monday.