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You know those words. Don't wait, don't hesitate. Head over to eite pr odatv backslash e will get you thirty percent of all plans and start your new career. What's going on, Earner's, welcome to Iowa University, the number one place for business education, charitable be bringing. Yes, Iowa University already has over 100 past webinars from all areas of business. It includes weekly webinars from industry leaders and includes access to our investment Facebook group, Movie Club, our book club.

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Mondays, get in, get out.

That's a classic shout out to all our women, all of our women, International Women's Day, since we all came from our own and got a name for women in that game from a woman. Some love you, all of you will see to all the women investors out there, changing or changing the world, changing the world. Let's get into it. Market Monday's. Shot everybody in Atlanta was out there this weekend, always learns how much the city is always love.

So I appreciate the Southern hospitality. Thank you guys, man. Atlanta is no place like Atlanta. Although I got is what's going on. Listen, Cesar sent up the package shot out today, and it sounded to the whole family man with child development, black owned, 100 percent black owned. And they really the only thing they got some flack early on, but they they really are here hustling. Man, they got an just in the boy.

His show is doing well. They are drinking. Yeah. They got they got a bunch of stuff. Man shot my man Ross Mack actually he's a as well so shot a lot of love this man shot to lexigrams less shots Allex man shouts the shouts Rosey. Yeah I was out in Atlanta with it's a blessing to just have so many good relationships in the industry and just in the world by the Landvetter show. So much love out there. I mean crazy, crazy, crazy.

I had it a movie out there, boy.

I got out of the scare out of whole Maskell and Maskell being the only one in there with the mask.

I was, as it was, a whole different room. Yeah. Welcome back. Welcome back. I heard I heard you said earlier today are using Sauza. You know where I'm from, it look like south side, the house is just something like the house is like six fifty. I'm like farm people back home. It looked just like Gary or south side of Chicago. So everybody's like, don't look at your phone. I'm like, I know what I'm comfortable.

I've lost my sensibility. I had a pseudo on at everybody in Queens and shot at this night in his restaurant. OK, restaurant, pretty dope too. So for those living in New York, check it up when you get the money.

M.G. are empty as you had you out in Queens today. So far to Matt Jeremi out there and they put the blame on you especially. Yeah, yeah. And I was like, I'm my mother and I'm like, I'm from there. And it's not funny. I see that two men taking taking in all the sights of New York man is beautiful in the architecture landscape. So, yeah, I'm I'm enjoying it. I'm in love with the city, maybe in New York more than these days.

The house is so small. It has a beautiful view, but it's four hundred and eighty square feet. I'm like, what I'm a do can even put a king size bed in here. Look, at least for now, go to Montclair's somewhere. But yeah, let's get into it, I'll give the rundown of everything that we got going on this week. First of all, out to Dave Shands and shout out to Ashton as they are asked is a guest on right now.

It is so shout out to them both will network across multiple podcast Jota inside the boat, shout out to the guys. And this week, Jose Rodriguez at the moment better known as the credit to sell. I would listen to that episode today. Man, I think that might be a classic. That episode is crazy, man. So many gems. So much information in that episode comes out tomorrow at five o'clock. Check that out. Everything about business, credit, personal credit checks, how to build your child's credit, you know, you can never have enough credit information is one of these things where one episode to episode isn't going to do it.

It's like trade information. Everybody's gonna have to deal with it. And I am so happy that it came out so well because it's such a good deal, like any time we've ever asked anything from and even when we didn't. I think he's always supported, always shy of the salad with Posadas. So I was happy that we actually got to get this episode done. The team, as it is now for sure.

And to Andy Serwer tomorrow, T.J., and we may have seen him in Atlanta, ran into him in Atlanta as well. So New York and New York. And we have we have Andy was working for like 18 parties back to back to back. So some type of shot and being shot to the whole team and shot to flipping and jsi that you've got a book out right now. Make sure you check that number one book on the charts. Yeah.

I mean, it's hard to see, you know, flipping keys, got the number one book shop and also shout out, shout out to them and good people.

So we give him five hundred credit. Do clap. On the Internet, we got something we got something brewing, yeah, we got some we got something shout out to the big boss man is born this Wednesday while university. We got to do a class with Aunt Talia. She actually taught the class about investing in Ghana before. So now she's going to come back and do and do a follow up. A class on this Wednesday and your book club, you had to offer a little shout out to all the earnings that was in the book club yesterday.

We had the amazing pleasure of having Jason Reynolds, the author of an amazing book. If you haven't read it, if you haven't got the audio book, please go get it in support of just an intelligent man who gave a history lesson in a non historical way and he just lit the whole fire yesterday. If you was in the you know what I'm talking about and if you didn't catch it, it'll be up for you to watch it. It was amazing.

I walked away from it, feeling inspired. And I emailed this morning, like what you just said yesterday inspired me to be even greater today than it was yesterday. And it is very rare when you meet that type of level of brilliance. So when we do and we get to share with our audience in earnest, we can't take it for granted. So please do yourself a favor and go west again. I told you that it was like a podcast.

If I was in there yesterday, it was like an episode. So shout to Jason Reynolds and tell everybody to help put it together. It was incredible for sure.

So yeah, that is that our university. The link is pend if you want to join. We're currently having a 70 percent offer for the entire year, so we would love to have you. We got a bunch of stuff every single day. Something is happening at Yale University.

So, yeah, let's get it rocking the disclaimer. This disclaimer, I wasn't doing all research. Our content is intended to be used and must be used for informational purposes only. It was 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 in which to rely upon whether for the purpose of making an investment decision or otherwise.

Do your own research your own home, please. Please just go to the circulation.

And a good brother has invested so in you who missed out on a futures program the first time you click the link on my bio, it is available for a dollar. Before I come in these comments, it is available. So I love you all. Let's get right to it. All black owned spirits brands, by the way, by the way, the only way. Set out to solve the world's. A shout out to the beautiful women that we have featured today and Lauryn Hill and Beyonce to the greatest of all time, but the International Women's Day, we had to do a reconsolidate.

Given all the panic I saw everyone going through last week, I figured it was time that what did I do one of these? Before we get to that, I want you to go rate the podcast, give it five stars.

And if we get to the number one slot or when we get to the number one slot or number two on a podcast charts, I would give away a thousand scholarships into the stock club as a way to say thank you to all of you. No, to subscribe to my YouTube.

So every day I'll be dropping the videos on investing.

I give more in-depth analysis and then prizes will be given each month. So I'm almost at 10K. I once I get to ten thousand subscribers, I will be doing a cash giveaway. So go to YouTube, look at my name and Dunlap and get some of the videos there. I appreciate you guys so much. And then tonight, finally, trading after dark will begin at nine thirty central. The first thousand people are available to watch on so far away questions.

Everyone else will have to go to my channel and watch on YouTube. And we were exclusively talking about trading, particularly the futures market. And then this is going to begin the journey of us going through six thousand charts together as a family. Today's episode is sponsored by the Stock Club. So if you want to know where to get in and when to exit, which companies to stay away from, one is a good time to take profit and how to hedge in a market like the Daily Caller for 20 minutes.

Stock Club is a place for you. I would love you to join us if you want a considerable edge in the market. Are today's class. The biggest thing I want to go over are the twelve things that can cause a crash and how to protect yourself from it. This last week I saw so many people panicking and worrying about a crash and we'll finally break down. What's the difference between a correction and a crash? But I saw so many people worried, I figured I had to address this to the first write this down.

These are the seven rules of freedom that we follow penny to. Number one, wealth is the ultimate goal, but we are trying to achieve.

And that's because wealth ultimately buys you freedom and a purpose of their freedom has to do with your time, what you choose to do, not want someone else chooses for you.

And we want to be around people that there are peaceful, inspiring and full of integrity and that bring joy and happiness to our lives. You have to realize that the secret is there is no secret or no shortcut. There is no risk. Quick scheme. You have to build slowly, consistently, honorably. And diligently so I need you for context as we're going through these these are North Star or guiding principles that we follow as a family, but these are the 12 things that causes a crash.

And here's how to protect yourself from it.

And I want to say, stop worrying about a crash any time we have a pull back. I don't tell you to drop 34 percent and change, but there is no upside reward without some downside risk. But no one overinflated bubbles bursting. So any time that a market gets too hot or too frothy. At some point, those bubbles will burst, and if you're wondering when a bubble is going to burst in the industry that you're looking at, you need to go study the entire history of that particular market to get context for how long or how many decades you have until that bubble will burst.

Number two, so in 2008, we had over leveraging and when you had mortgage backed securities and exotic tranches and things and all kinds of derivatives being thrown around.

At least the people leveraging and taking on more risk that is necessary. And ends up damaging the system. So that's the second reason that a bubble can burst or cause a crash. Number three, when you have banking panics or monetary contraction, so if you have a run on the bank, that is the third reason that a crash could happen. So we haven't had any banks at scale being funds being liquidated from customers. So we're fine. No extreme monetary contraction.

So we technically are in a safe zone. Number four, decrease lending to whenever you start to see the banks and financial institutions are lending at a slower pace, it is usually a sign that the market is going to crash because they then want to protect the capital that they have and their reserves and on their books. Be mindful of that, so when you say when we're telling you to do your research, these are things that you need to go look at and you need to spend an hour a day researching it.

And I've been telling everyone to repent.

And I'll share with you that you need to spend at least one hundred pages a day in terms of your reading time to get a considerable edge in this market, because without it, you are technically gambling read and discourse groups do not count. So when you have decrease in lending, that does lead to a potential crash.

Number five, when you are using excessive leverage.

So whether at a macro scale or in your own personal account, these are some things because flash crashes, in fact, think the trades have happened and they've caused some damage catastrophically in the system when they were over leverage or use excessive leverage on a set of particular trades.

Number six, interest rates. And inflation and people act as if interest rates in the world went up to nine point eight seven five percent, it barely bumped. And in this market. Stocks can still rise when bonds yields go up. It doesn't mean that we're going to have a crash as a result, but interest rates and inflation can adjust the market and have a negative effect on it. Number seven, political conflicts and unrest.

So any time that there's political uneasiness and when we had a prior president that caused some of the civil and political unrest, things were rocky or choppy at times, a great dramatic tax changes. So if taxes go up to 65 percent, it will have a dramatic effect on the market and how people choose to invest their capital. Number nine, this is key panic and euphoric pressure from the market. So any time where a market is too hot and people are saying this thing will never come down, it's going to the moon and it's never going to slide down, that is usually a sign.

A crash at some point or a deep correction is imminent. And it could be a combination of these factors. So if you have political unrest with rising interest rates, with excessive euphoria, excessive over leveraging and accounts, it could cause some danger.

The one that I'm most fearful of, as in maybe twenty, thirty five, and that that's at the time when China should surpass us as the number one superpower, as if our student loan crisis and the student loan bubble pops. I think it would be three times as big as the real estate crisis in two thousand and eight, the number 12 funds flowing out of a particular industry or sector and into others. Now you're seeing a lot more funds putting money into.

Energy and gas companies, and I'll tell you guys then I'll address that later, even with the airlines, you have to stop chasing other funds or chasing and focus on the long term horizon because you're not able to get the data in real time when they're executing to get out of a position or sector and get into another. We're going to do worse.

And finally, by charts and I want to ask you if these assets or companies are going up or down, but let's do that at the very end. But I want to ask you a question. We have four to 14 months of a slow period. In the market, what would you do? Type and what would you do? Let me give you some insight, one, and this is where you start to build a base. So in a flat market every month, you still should have the number of shares that you're looking to buy per month, whether it's one hundred, a thousand, ten thousand, etc.

You still need to execute that amount number to only focus on eight stocks that you would want in your primary list.

And these eight would be the eight that you would pick if your life or your family's life were on the line. Talk to me, what are those eight? Number three, the top 50 stocks you're interested in and write the prices down that you will want to acquire that asset or that stock. The time to not write the price down is when everything is in freefall because your emotions take over. So now that we have some stability today. It would be great for you to go, right, 50 stocks that you are interested in and say, hey, if it drops to this price, I would want to get in here.

I always do my pricing planning on days when the market is up, not when the market is down. So when we finally slide back down, I have an advantage of where I want to get in and I can think clearly. I have to say this by the dip is not a strategy. Please put this in check by the dip is not a strategy that is a cute axiom, but what a dip is different to every person. One person may see two percent decline as another person may see 10 percent as a dip.

Another may see 25 to 50 percent.

You need an exact price. So are you going to buy 20 percent off, 30 percent off, 40 percent off, but dip is not a mathematical measure. It is a wide ranging. In this case, euphemism, you have no edge from a stats perspective. Just buying the dip, right. And then. Some of you bought the dip and you end up looking like my guy here who need a taper and had a rough day and you bought the dip and it kept dipping.

So we talked about the 72 hour period moving average, 200 is another way on a unobservable Mark Cuban, I gave you another way, which I think is superior for those of you that are using it.

Great job. But I want to ask you a question right now. What would be the best price right now, hypothetically, if you want to buy Salesforce based off the 72 period of an average? Everyone's commentary and chat should be around the same price. Please type this and write this down. You need one method of entry to buy all of your assets. And I posted this last week with squares in New JP Morgan and congrats to Joe on the deal or just so Square is one of my favorites, has been for a while.

But here's how squirm it's money now that they're going into the banking space and they can do lending at 10x the capital reserves they have in their possession, that is going to be a huge benefit to them. And then we'll talk more about tightening the acquisition. But there's a great reason that they end up acquiring title very strategic move for Jack and Jack in the amount of data that they get from the customer acquisition and data is going to be amazing. But number two, transactional fees from selling products and services as number two.

Number three, Bitcoin is a great hedge. They bought one hundred and seventy million dollars worth in February of this year. They make 63 percent of their money from cash up.

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And then 55 percent of the gross profit comes from people selling on their platform to their banking transactions or selling hedging with Bitcoin when acquiring a music service that would give them access to to more customers that will potentially use either cash up or the platform as well. Play. A key to another way to hedge in the market when everything is falling is to get in better prices and avoid noncompetitive injuries. A rare panel, we do not die during these dips we acquire and we wait.

And I know some of you were like, hey, I don't think these prices are ever going to hit. And then Apple hit, then Amazon hit the AMD hit and Tesla fell to the area. I said before, you have to plan in advance when you're going to enter a house is on sale for two hundred and fifty thousand. And what point is that house a good deal for you? It's not a good deal. Or 235. And the crazy part, what you guys are Ruelas the same methodology that I've given you to be able to buy stocks.

You can use it to buy real estate or businesses or commercial real estate. So once you have one system for entry to formulate and calculate your prices, you can use it for every industry that you are a part of.

I want to walk you through historically what happened in February and March, because I know for some of you that our brand new you've been kind of brainwashed into thinking that the market moves in a random fashion or even that it moves in a rational fashion and it does not. So I want to walk you through the stats of February, March, historically, what the market has done. And I need you to know now that February is one of the weaker performing months, January usually pretty damn good.

February, not so much so from 1980 through 2019, the average stock market returns for the S&P 500 are zero point to nine percent and September is often the worst month. So please write that down the day before Presidents Day weekend.

The S&P is down 17 out of 29 years. So does that put the probability of the market being up or your portfolio being up or down? Please put that in check. There's enough data that has been written on investing that these drops or minor correction should not bother you. February's expiration date was on the 19th. So once we had expiration, a lot of the money had not flowed, flowing back into the market. Yet in the march, the end of the month is usually weak.

So if we have a drop or a flat at the end of this month, don't be surprised. It's typical. This is the typical movement of the market in March has been rather turbulent in recent years. So the March 20 20, the Dow declined thirteen point seven percent, which was the worst march since nineteen thirty eight.

So if we have another downward slide in March or a flat, do not be surprised. There is a seasonality to investment that I need you to know about. And with the Dow being down one thousand four hundred and sixty nine points from March 9th through March 22nd, 2001, this is a common occurrence decade over decade. I've been telling you guys I need you to Google. When does the Federal Reserve start to print money? In March. You will see a correlation between when the recession ended versus when they started printing money.

In 2008. And in 2020. The market recovered, the recession ended then, but it was because of the influence of the money machine that the Federal Reserve used to get us out of danger.

In both instances, the last three out of four days on the Dow is a net loser, 20 out of 31 years. And I have discussed this stop gambling, stop buying at highs and stop buying a stupid prices that do not give you an advantage. And the hardest part about investing is knocking out all the noise and eliminating all the noise. And even if I said that you love, like, tussles at eight, 850, right, it doesn't make any sense to buy it at those highs.

You have to wait till pulls back. And if, you know, Tesla on average is going to drop back 30 to forty two percent, you need to wait for those dips to buy. So far, more real estate people. You know, this is a house worth at one point two million. There's no reason to pay one point one, three, four. It is better to wait till it's on sale for several hundred thousand, maybe five sixty.

And then no matter what happens in the economy, you can sit on that asset and then sell it again for one point one, please write this down.

The price that you get into the market matters more than almost anything. You can't print alfer. Or get any gains if you're buying a top of market. And now it's the stresses again, no matter how unsexy it is, my grandmother used to tell me that you don't have to advertise or promote the truth. It is what it is, baby hold for the long term 10 to 20 years or face the chance of losing at all.

And the reason why most people don't want to hold for 10 to 20 years is because they've been making bad financial decisions for the last 10 or 20. You have to choose whether it's going to end with the issues the whole long term or not does not affect me at all. I know I'm going to hold for 10 to 20. I'm going to make sure that Zander holds his for his children and hopefully his kids won't mess up and then know for 10 to 20 years mineral possession.

But tonight, write this down. I want you to go through 20 stocks, go to Portfolio Visualizer or Macro Trends, dot net portfolio visualizer or macro trends dot net. And I want you to see whatever company that you're interested in, if you've held it over any 10 year period, will you be down? The 10 year period is the second safest time horizon to hold your assets, and it's possible to stay in business if you can make it through the 10 year stretch, you're OK.

Twenty is the number one time for a 20 year period. Go through the 20 stocks that you like the most and tell me if you held them any 10 years, which should be in profit, that will be your determining factor if you should hold for a 10 year period and a. And I think that I'm realizing is that most cannot trade because they are our patients, most of our patient, because they do not want to make money and most do not know where to get it into the market.

If this is you, if you can trade, if you're a patient you don't want don't know where to get it. Please let us help you. But you have to have your edge of war to get into the market, right, and what is your method for getting into the market? And they can't be diamond hands and buy the dip and hot oil, that's not a strategy in itself, even though if they said hotto for 10 years, I would agree with it.

Even with Bitcoin, if you look at the top five crypto assets, if you held them for a 10 year period, you would be a prophet based on the velocity of them, but also the risk you have to be able to stomach those around those waves out. And I can argue without the acquisition of Apple until Buffet's portfolio and kudos to the team at Berkshire. Without that addition of Apple, the traditional method of acquiring companies that are. Rooted in American infrastructure, I think Berkshire would be done a lot more.

That 50 billion dollar gain has helped a lot, and they're going through a transitional period. I think at some point Warren is going to step down here relatively soon after an illustrious career, which is well deserved.

But this is a 50 billion dollar gain is tremendous. And meanwhile, Buffett is saying it's the best business in the world that I know of. But on Twitter, if you scroll down and look, you'll see somebody like Johnny Jackass saying Apple isn't growing. There was no innovation. There are two pockets of investors that I'm noticing, the ones that are just getting started that don't have much capital, that are looking for more growth. Right. And then you have a seasoned investor or seasoned business person that is looking for safety.

I'm going to tell you, no matter how much money you have or don't have, the number one thing that you have to be focused on is defense.

It's fun to get five hundred a hundred percent of what happens when it goes away. And I know for us, when most of us don't hit the mark that we need to. We quit or even worse, we finally make some big gains and then we end up giving away the hurts. These are the top eight weaknesses of most investors. Please read this now, number one, most do not know what to get in. Given the thousands of books and millions of hours discussed on investing, the most people will not use one system long enough to know where to get in number two.

Most do not know where to get out of the market. You need a predetermined exit, either percentage based or. Price based on number three, most will not use a predetermined exit. So if you are in a longer position around the 500 percent market, you can get that. That's probably should take profit if you can get a 20 percent return. Great.

But you need a predetermined exit for when you will leave that position or the troop number for most will not be patient to let the profits mature. So some of your great letting your winners run for a bit. Some of you took profits, too, so you're getting to trade to be up three percent. Look, I take it you have to let your profits mature at some point. Number five, you choose to gamble over safety because let's be honest and I've done it.

You made money mistakes in the past and now you are worth the gamble to try and make up for lost time. And that doesn't work. Number six, selecting the best stocks doing to be a bad businessperson, the thing that I see in all the meetings and conferences that I go to in every meeting that I have is that the good business people are always selecting good companies to invest in. And the ones that are more volatile, like Neil and plug right there, buying them at such low prices is almost impossible to then lose that business people or people that do not have systems in place.

I see that they're always chasing. And how you do one thing is usually how you do any other. Number seven, most of not doing enough substantial research to become an incredible investor with an edge. The number eight most when I read a hundred pages per day to get a competitive edge in the market. So let's play versus let's do Apple versus your company, so the company I have revenue is two hundred and seventy four point five billion.

The net income is fifty seven point four total assets. Three hundred and twenty three point nine billion cash flow of any. Point seven billion and the one that I'm picking is number one in the industry, the company that you're pairing against my company is the number one industry in order to pick a stock and say, hey, I'm going to pick this company over Apple, it needs to have four out of these five. And there are companies in which you can argue they may not have the total revenue, but the other four they have.

But you have to compare stocks versus another. And not just, Campbell, we are in an extreme macro environment in which traders are succeeding incredibly well, but as sometimes the table is going to turn and 20 twenty, when I'd be like 20, 20, it will be a choppier, more volatile environment. And you have to have your decision making matrix in place and not be from it if you want to be able to get some great gains. I want to really quickly touch on return on investment models and help you out so there's forded you can follow.

You want to invest one dollar to make five one invest. Want to make 10. One to make 50. And want to make 10, so Jay has done two deals with title, one with Sprint and one with Jack, so he acquired for fifty six billion and he sold one for partial stake, I think for 200 million and the other one for two hundred and ninety seven. What investment model thus far has he used. The title to monetize.

Was it one of five one to 10 or 15 or one to one hundred? Well, let me say this, as we get closer to wrapping up, if you're not put in an effort. To get good at this is because you don't want to I'm going to be right with you. There's more information flowing around these last 18 months and I think probably the last eight years prior and definitely ten times that amount when I first started in 2010.

It didn't take me all of this to get started, either you want this shit or you don't. Every blueprint is there. You have to pick what are going to be a long term investor, short term investor, short term trader, but you have everything that you need in front of you. You have to go execute. You only need four great companies. If you have twenty four companies or 18 companies, you meet your mutual fund. For what?

I don't want you to be lost like displacement in a force who does not know what the hell is going. Should you have 10 position, someone asked me a great question and let's say if we had a crash, would you sell half of your positions to be safe? I would argue that you need to just find stocks that are pretty much crash proof. So if the market goes down 50 percent, they may only bleed fifteen to twenty eight percent.

They're not going to 450 and definitely you don't want stocks in your possession that if the market crashes 50 percent, that they go down 78 or 80 percent in value because those are very tough to recover. How do you know how those stocks will go? I wish I can give you an easy answer, but it's just a lot of time in the market. I wouldn't advise anybody to do 12 hours a day. But if you're doing it for five, six hours a day, you use some of the indicators that I'm giving you for free on this show.

You have an idea to know how far the market would drop with that 72 hour period. Moving average is pretty damn amazing. And then you have safeguards to prevent in a stock market crash, so like a level one at a seven percent drop, the market will halt and then again at 13 percent and a halt again. And then level three is at 20 percent. So last year we had a bunch of halts and I remember and was killed in these short selling on A.

S when a market was gapping down violently. Right. But you have to keep these levels in mind, so please write these down. So if we ever have a hard push down and we drop seven percent harder to open, the safeguards will trigger on the platforms to give the market a chance to calibrate itself and really quickly walk you through the difference between crash and correction. So a crash is something different altogether. So if you look, it took about four years after the Great Recession.

Twenty seven to eight to recover the markets took about twenty five years after the Great Depression to recover. A correction is the decline of 10 percent. So corrections happen every month. You have to think of them as like grain cycles or when it snows. And I've been out here in New York for a couple of days and damn, it is cold. But we don't panic when it rains, when it snows. It's the same thing. You have to prepare for a 10 percent pullback at any given time.

That is normal. But a recession is different as a recession is a business business cycle contraction. So when there's a decline in activity overall across the entire. Economic landscape, and these things usually happen when there's a widespread drop in spending. Some of you keep asking, how do you find entry points into the market? I'm begging you, please go listen to the Mark Cuban episode from top to bottom. I'll give you everything that you need is probably the best episode that I created.

How do you differentiate from holding a long term position versus falling in love with a stock? I think you should only fall in love with stocks that are going to work out for you in the long term. And if interest rates go up, the easy gains will go away, but it does not mean that the entire market is going to fall as a result. Interest rates have been high before and the market has flourished. Homework for tonight go look at every decade, the 1950s, 60s, 70s, 80s and 90s and figure out which industries did well, where interest rates were higher and what would I do with my entire portfolio got wiped out.

I would recalibrate right now why I bought those assets and did I get in at the best price.

But this is another reason why I stress invest in index funds, because even if you have an index, the probability of it going to zero if you have one of the mainstream indexes is less than 13 percent. And I know a lot of you like, hey, man, if the market drops, I need to get you X Y. Only hold that for two to three days, max, the best inverted. Or best inversion strategy is about the best prices you guys are going to have to practice at getting good at this.

There's no other way around it. I know some it's exciting to potentially catch. One of these inverter assets and then write it up, but after 15 days, 20 days, 30 days under your possession is going to eat away a lot of your gains and everything else. And I said this before, the ultimate hedge is on a business or multiple businesses pair with stocks, real estate, life insurance, and ultimately you want to get to twenty four streams of revenue.

You are not going to have all of your businesses and stocks and real estate and life insurance and other streams of revenue fall apart at one time. So in 1948, Benjamin Graham, which is Warren Buffett's mentor, bought.

Considerable stake in Geico. And if you go look at the returns and we're Buffett got this model from.

It was probably one of the biggest returns that Benjamin Graham ever got, even though his thesis was best investment in value. So throughout history, no matter what you do, you cannot avoid this matrix. You need to have businesses in your possession. So you're able to hedge off any crashes in a market. And I'm not saying we will bless her plan for worst case scenario, if we hit for recession or even worse, for depression and this lasted for four to eight years, what would you do?

Because it's better to have the fire extinguisher and not need it. So in terms of your so everything with you trade, what would you trade or what is free trade, what would you hold for three or four years? What would you buy? Please put that in check because you need to have the plan before everything hits the fan. Not saying that we are because I think people overreacted to the interest rates conversation. But if we did fall apart, what would you do?

Please put that in check. And honestly, if you panic this week, that's a sign that you did not get into the best prices, because I'm being honest, like if you got into some good positions, maybe even three months ago, but especially like last July. Kudos to those who the elite and then everyone to talk about the position, you still hold on from last name. Last March. Well, if you're just starting out three weeks ago, I may not be the best feeling to give a time when things are going to work itself out.

And I was going to include a screenshot of my guy who asks me this question about being done. One hundred thousand. But I don't want people to run to your page.

The thing I will say to you. First and foremost, what a blessing it is to be able to be down one grand, right? We give a time that's going to work itself out. Fortunately for you are you are in some great positions.

But at one point you were up five hundred percent. I'm going to tell you, traded a trader. Any time you get to that level of being down excuse me, being up 500 percent, that's probably when you should take profit.

And I know everybody's chasing two thousand. Four thousand percent. Six thousand. Great. Because the numbers that you can potentially hit are astronomical now. But what if the 100 percent gain then goes to 40? And what happens when we trade, we'll lose a certain amount of money that scares us to the main reason I don't trade midday because I have my biggest financial loss trading day when the volume was his weakest currency.

My my brother Marcus, like Marcus, will not trade around any Federal Reserve announcement because he got clapped on a Federal Reserve announcement and it was you.

What I don't want to happen is I'd rather you have the pain of taking profit and being up three, four hundred thousand and getting out as opposed to being drawn down a lot and not being able to recover from it and then potentially quitting and saying, hey, the stock market thing is not for me. The stock market is the ultimate mechanism from taking money from people that are undisciplined with no plan and transferring it to people who will follow their plan to 80, especially when you're competing against quants and algorithms.

What type of companies were high interest rates affect, it depends on how high the interest rates will go. But the first ones are going to be tech that are that have reached their peak, not tech isn't going to fall apart. But you'll see a couple of pullbacks in tech and then also companies that do not have a considerable as or they do not have high market cap or high market share in this space. So all the companies that were like eigth in their industry, they're going to get beat up pretty bad.

And some of you keep asking about how built my discipline and I can give you a long, eloquent answer, but the truth is, like you have to have a driving force in your life that makes you want to master this or something. For me, it was harder. I wasn't this person before Zinder came into existence. So you're either going to have to be so frustrated at your circumstances or love someone so much that you want to provide for them.

That's it. Everything else is conjecture, and I can eat you to death and I can. Tony Robbins you to death and tell you all these things, right? Truth is, you either want this shit or you don't.

But often I found that we would sacrifice more for others than we will for ourselves, especially for those of us that are parents or have family members that we care about. So you have to look and see who do you care about? Who do you want to provide for? time-Share, who do you want to provide for my life a little bit easier for that has to be your driving force and often or we don't have a mission that is bigger than us, we tend to be selfish and won't put the work in.

Maybe investing isn't your thing, but there may be a business that is perfect for you that if you gave your auto, you can have a considerable impact, an outcome, and someone asks our airline executives selling their shares. And truth is, maybe they want to secure the future. Everyone does not have the luxury of waiting in an industry where they've been beat up or laid off. I get that. Ideally, I want everyone to go for 10 to 20 year period, but I get life happens, especially if you have kids.

So a lot of people are taking profit because now the airlines have recovered somewhat and now you can begin to see some of the gains from the share that you've had.

And they want safety. So don't chase the rotation. And when they're acting, if your plan is to hold and you can afford to hold for 10 years, please do so. And I need to say this as we wrap up. Technical analysis means nothing without understanding the macro economic cycle and understand the history of the underlying asset that you're trading or investing in.

And you can disagree. And this isn't me being pompous or arrogant or being an asshole. But if you disagree, have you gotten rich from technical analysis along? If you have great, but most have it, so write this down in addition to technical analysis, because there's a lot of people talking about charting who have not charted for a year. Right, and have no understanding of macro economics or the cycle that we're in or what they're trading. So once you understand the technicals, meaning what price is best to get in, what cycle of the market are we in pessimism, a middle ground or euphoria or extreme euphoria plus what the business does, then you'll have your edge.

That's a holy trinity as not just technicals, because some of you are getting your asses kicked using RSI along our oversold. So now I feel great. And what happens now? You draw down 50 percent is deeper than that. And then also understand technical analysis is not are not concrete blocks.

Just because you set a trend line at 12 doesn't mean that the market won't say fuck your 12. Once you understand the economic cycle that you're in, the history of pricing. So go look at 20 years on that asset that you're looking at and then I'll give you an edge. And these are the top lessons that I've taken from her remarks. And no matter who you learn from, you understand the lessons are all the same. So no one be aware of the market cycle.

Are we at a top bottom in the middle of a cycle of pessimism or euphoria? Right now, we're almost at a top in everything.

This reminds me a lot of last year, a lot of last year, number two. Returns are higher with more volatile investments, but some of the losses could also Michael back. And it was a great point that he made.

It's like you cannot get high returns without high volatility.

It does not happen. So if you want those gains, if you wanted to gain some Tesla from last year, you have to deal with the drawdown of now number three. You never know 100 percent of the time what will happen in the future. You can only play the probabilities for me. I know if I went to the ideal prices, Kudelski, that got in on like the entries for Apple and even if it dropped a little bit further, you weren't down a lot.

Right? Apple technically could fall to eighty three bucks. Worst case scenario, but I know the probability of it falling from one to one or one 18 down to eighty three is very low, less than a four percent chance.

You don't want to gamble. You want to know. In terms of percentage. How will this play out before you execute Detroit and it's the big lesson that no one wants to hear, but it's the most important part of the game. So the dream team, listen up. Red panda snipers, listen up. Risk control is key and it's all that matters. I don't care how much. You can make how much can you keep and how much can you prevent from drawing down?

So let's say you have seven losses at one point six percent. That's eleven point two percent draw down. Anybody can withstand 11 percent drop, right? Yes. And Chad, if you can, seven losses at twenty two percent equals negative. One hundred and fifty four percent.

Because what happens when you draw down and you blow up your account, you put more money back in and now you say, OK, I lost 10 grand, I'm putting grand in. Now you think you're starting fresh, but you are not looking at the capital that you lost already.

So once you get up five percent, I eight percent, if we lock in into we have a little bit of safety. And then if it goes 50 or 80, 100 percent great. But most people do not have their risk parameters in place, and once you look at history, all the hedge funds, all the traders blow up accounts for the same reason as mismanagement of leverage and overstepping the number of trades they should take. That's very key. I love your thesis below for insights that is opposite of your own.

I love Tesla. Been a fan of Elon since he was with PayPal Mafia. But if you read the reports, yes, the revenue could be better. There are not as stable as they could be. And even though I love Elon, he's probably one of the more vilified entrepreneurs of this era. But they are in need of a Tim Cook. They need an operator. Elon is probably one of the greatest engineers ever, arguably, but he needs an operator to help give them an edge and drive in more revenue.

Love your company. And the arguments about Apple not being innovative are true to a certain degree. But the operations that Tim Cook has brought is innovation in itself. Look, helps, but excessive preparation breeds look. So luck helps, but excessive preparation breeds look. And nothing as dependable as market cycles, you have to understand the market that you're in. So literally, if we're at the top of the market, please stop buying and adding positions at the top of the market, waiting for the market to drop.

The house is worth 250. Wait for it to go on sale for two hundred. Don't bother to 49 because the cabinets are good. And the last thing from power, the thing that I find most interesting is how paradoxical it is, how often things that seem obvious, which everyone agrees are turns out not to be true. It's like cruise lines last year, airlines last year, or there's some gains there. Yes, no one was talking about how important it was to be into tech, but a few people and I was one of those.

Even Apple is a boring business. There's no games, no games left. People have been saying it for 20 years. You can go look. And on this final note, I need you to screenshot this, I don't agree with most of the things that this man says, but this quote is amazing. You're going to pay a price for every bloody thing that you do and everything that you don't. You don't get to choose to not pay a price, you get to choose which poison you're going to take and that's it.

So you're either going to take the time to master investing and take control of your financial life or you're going to pay the price to someone that has. Put all of their energy every time. And energy into studying it, and they will be able to control your life, and I think you deserve better than that. And let's be honest, it's not that damn hard.

It's not that hard. I never ask anyone, hey, what are your favorite companies? No one is saying. Closer people at ESPN and Exxon. It's not one of the first 15 companies that people are mentioner. You are capable, you are worthy, you deserve this, but you have to pick the price that you're going to pay so opposed to. Arguing and bickering online or even in comments, I need you to choose to this or not and pay those prices of you guys or.

Yes, another college class to make up for the audio of last week. So I feel like you did this, that you shot the three and then turned around and like I, I was fine. They said the president said your presidential campaign has started the last twenty twenty for president college.

I appreciate your showing me definitely higher education. Sure. I'll find a way. That's a fair shot. Was Molyneaux there when you put up that defense is the best offense. He would tell it forever, telling it like you're supposed to do until three weeks ago. But can you dove into it now? Like two hundred percent gains mean nothing personal and draw down one eighty. And for us and our community is one hundred percent. We're never going to come back to the market.

But I think it's important. On the advisor side, can you talk about how important it is? Because if you lose 80 percent for a client, oh, man, I'm going to be all of Instagram. You know, it's true, it's like even for me personally, for all of us. Me personally, I lost an ungodly amount of money, but you never lose until you take it out. But the last couple of weeks, I lost.

A little pension, a loss of firefighters pension. Yeah, but, you know, just wins and losses in his game. So I'm not really too but what I kept saying, and this is why it's important to diversify your portfolio and not have all just one thing, not just have all individual stocks. And this is why you got to be careful what options is one, especially short term options? Because it's not my philosophy on it is that it's not so much if a company is a bad company and not just a timeframe, that the problem, what short term options, any option, but really short term, if you put timeframes on it.

So like we know Apple is going to come back, but if you've got an April call.

Might not have enough time, you know, we're out of time. So that's that's that's the thing that's really difficult. That's what Bonnyman would sound like if you really do it right. You don't need to have your whole portfolio. The reason why a long term investment makes sense is that it gives you time, like investing the most important thing that you have on your time on your side as Tom Marjukka, which all kinds of anything if you just ride out.

If you don't have time, you can make a lot of money, but it's like it's like being in the league shot clock is against you running no matter how good of a player you are. If you only got two seconds to make it from the other baseline to the other baseline, you're not going to make it. You might end up throwing a half point, just hoping and praying that it goes in. So this is why I assume you're point to be intelligent and just to diversify.

I mean, this is a lot of stuff is common sense. But, you know, when we talk about losses and protecting your portfolio, so if you have if you have one hundred thousand dollars in your portfolio right now, one hundred thousand goes to 50. Now, that's a 50 percent loss. But in order for it to go back up to one hundred, you've got to have one hundred percent gains and losses hurt you a lot more than the wins, because one of our friends was saying, like, I never I lost he lost like one hundred fifty thousand last week.

And he said, I never made one hundred fifty thousand in a week, but I lost to him. So the losses and I come back. So it's all it's all. It's all a game of math. Like once you really start to understand the math. Math is is a language within itself, just telling somebody the other day, like math is a language within itself. And once you really start to understand math, then you understand why the best offense is the best defense and go on the inverted indexes because we spoke about it.

But like you said, you don't stay in inverted long term. You time it when you get out, right. 10 days, maybe 15 days. So even my brother had that question. He was like, well, how come the essay is not gaining on my. The Dow is at an all time. Right. The Nasdaq is down. So you've got two different indexes that you can. So as that was one that tracks, obviously, the Dow is more for the Nasdaq.

So if you're in the queue, that's the inverted index that you're trying to the S&P sees is an ETF or inverted index you can use for that. So knowing that, like, these are the mistakes that I made, some would tell you because we've made the mistakes and we're telling you. This is what you should be looking at. So if you're looking at if you're looking at that, the Dow and saying, wait, I'm not making any money on this index, well, that's the reason the Dow Jones at all time out today.

The Nasdaq went down three hundred points today. And if you study if you study nature, you can learn a lot from studying nature like. Forest fires, hurricanes, avalanches, those are all nature's way of purifying itself. The problem with our fire is the hurricane, unfortunately, is that human civilization, we live in places that we're not really supposed to look like we're not supposed to live in, in Hollywood Hills and things that nature, because it's not really but is good views.

Right. So what happens with the forest fires? That's how nature actually purifies itself and new life is built. So if you really understand that the you know, that pullbacks in the market is healthy, is needed. So when you see a pullback in the market, it's not something to run away from, is something that is part of the economic cycle. This is something I've been saying for a long time as well, is that we haven't had a down year in 12 years, usually at least once every seven years.

We have a bear market. We had the shortest bear market in American history because we printed so much money eventually. And I hope I hope it doesn't happen this year for my own personal sake. But eventually we're going to have it down here. So what happens if we have a down year and all of these people taking so much risk and over leveraging themselves and we. All right. Think about how bad this last two weeks were. And there were one.

That's the crazy part. Well, relatively, I mean, at some point we've got we're going to have a down year, so if you think your portfolio was hurt in two weeks, what's going to happen when it's negative? Like I came in, I came into the financial industry in twenty seven when the stock market was down 40 percent for the year, 40 percent. People have short term memory. They forget about that, like we just are in a 10 percent correction.

Imagine imagine if the stock market is down 40 percent for fifty two weeks because it takes 20 months to recover. And at that time the housing market was weak, gas prices were high. Commercial is messed up. I mean, the real estate bubble is going to pop at some point as well. Do you guys have to get there and you said another thing, they said no, your price point, so no what you want to get it. And most people don't do that.

They play the guessing game like I'm always dropcam about it. But I think the problem is that when we had this conversation when you bought QQQ, I'm like, it's not my point right now. I need to drop to a certain point, but to get there. And I watched it went up and I felt that I'm sure people feel the same way. It's like, oh, my God, it's one another will probably never get back to that.

But that's why patience is so important, because now it's at my point, I'm like, all right, well, OK. I got the range I want to get in. If I see the momentum slide back up, I'm on it right away. I'm watching that chart. That's the homework, right? I'm watching it by the minute. See if it has an upward swing over. It has an upward momentum because now I get to get it exactly what I wanted.

It took me four months and it was tough because I'm going to kill. But I knew my patience was coming back down. Now, that had to be diligent with it and like, I've learned my lesson. So that's true. Now, I'm glad you said that. I'm glad you spoke on it. And before we go to questions, and I know we got a couple of stuff on, but it's crazy to look at it because the Dow Jones actually hit the Dow Jones the all time high today.

So the Nasdaq, the peak, it peaked at fourteen fourteen thousand eight hundred seventy five. Now it's at twelve thousand six or nine. So that's eleven percent. A ten percent is considered a pullback. Twenty percent now we have a bear market territory if it goes twenty percent. So it is crazy day. And I said this. I don't know if anybody remembers me saying this, but I said this at least three times. I said, I think tech is overinflated as it is during the summertime.

So just when Josh Brown was on your side, I said, I mean, it's just common sense, right? And it's like when you see all of these tech stocks just performing at all time highs, what goes up eventually has to come down. So not to see that long term, do I think that Tesla and Apple and Google are going to be? No, of course not. But at some level, we had to see this coming.

Like I said it, I'm on record saying, like, I think that tech is overinflated and now we see a rotation happening where the stock market is not down. The tech side is down for like Nasdaq is in value.

Yeah, like if everything's sort of high, we can't keep buying everything that you've got to go pick up some of the lower value companies and push those up and then take a slide back down and everybody back up like that. Then I think. Go ahead. OK, I was going to say that those opportunities and there was plenty of companies that we've spoken about that you had great opportunities. Well, I want to. I want to. I want to give you credit.

I don't give you credit. You said this company a while ago. You said this company over a year ago. You kept saying it and I was simply too bullish on it. But all time high today on fire. Disney, this is something that you said several times and California is opening back up Disneyland. They're going to start to open back up Disneyland along, let alone the streaming services wasn't. So this is goes to show you like and there's never a bad market isn't bad entry point.

And when something is up, something else is down. Right now, tech is down. Had Disney hit an all time high to a level you want to buy Disney? Yeah, I mean, we saw it from the beginning when we spoke about it on the podcast. I think like the first couple episodes when we talk about streaming and the power of streaming. So to watch everybody be home during the pandemic and knowing that they have plenty of content, they wouldn't create a streaming service if they didn't have at least two to three years of console.

So they maximize on the content, their numbers, their competitor, the number one competitor, Netflix. It took them ten years to build one hundred million subscribers. They did it in twelve months, you know, so that type of revenue in twelve months is incredible. Now, most people know that Disney has parks and they have licensing and they have blockbuster movies. None of those things were included in their revenue. Right? They didn't there were no movie theaters to go to.

There were no parts to go to. Malls were closed. The vaccine has come back outside the crazy part, they don't even have great content yet, and that's the thing. The signs are all pointing to extreme growth, right? You know, they're going to put billion dollar movies out. They've done it for the past five to seven years. You know, people are going to go back to Disneyland. Thirty five percent capacity in California right now.

It's coming. It's now added to the stream. I'ma tell you something, too, as far as like just traveling around the country, going to Atlanta, going to Miami. And the world is opening back up, the world world's open and the world is open. And I saw things in Atlanta and L.A. ETF, but I would never see I do.

It is hard to explain. Thought I saw this weekend in Atlanta. But as I said.

Notice opening night, I never saw this many people in a party, in life, in my life, let alone in the global pandemic, I said to say they say first and foremost, we say what, that they're ready to go. When you see the governor of Texas say it's over. So think it's a about this whole. I'm not here to debate if it's healthy or not. That's not that's not that's a different conversation for a different day.

What I'm saying is that this world is opening back up. It is going to open up by twenty, twenty two. The floodgates is going to open at all. It all speculations is going to be a go. And this is why we spoke about this. And I know you remember I said loud nation. I said loud nation. I said loud nation killing me to save our nation. People have been killing me for lot of drapkin thing visiting.

But the Live Nation was like, how could they argue the world is not going to be for ever? And then and for entrepreneurs, you have to learn to, even in moments of extreme pessimism, to go look at just little more story. If you go look at the last recession, the Great Depression, though, a lot of people became millionaires when a cycle because it's the same reason. So even when there's a lot of disaster, there's always opportunity there if you can find it more money in the drawer.

But the next thing, because I want people to really see if you go look at their chart, right. They were on pace to have an all time year in 2020 just because of the cut. And they control most of the venues. Most people don't know that, but they control most of the venues that people performing obviously could only hit. There was no performances. But what you didn't realize, and this is one of the things that they released in the fourth quarter reports, is that eighty three percent of the people who bought tickets didn't even ask for a refund.

Eighty three percent of ticket buyers didn't ask for a refund. So that money is just sitting on capital. Plus, I think in June or July, you had the Saudis invest five hundred million in the company. So you got 500 million plus 80 percent of the people who never even asked for a refund, just waiting to come back. They're saying now like summer festival is going to have seventy five percent capacity. If you saw that many people in a party, imagine when and in twenty four is going to be now at the festival, you don't turn out.

Yeah. Anniversaries us are going to be probably the biggest hip hop tour of all time. If they do it right, they got they got a great reason to do it and somebody said, so what what where should be moving right now? I want to answer that question. I want to unpack that question, if I can show it to them. Our guy in Atlanta Exell that he's been. Have you slept all the time? How does it financially justify doing it?

So XLF is something that the financial sector is on fire right now. Pretty much everything is on fire right now. So but but but this is something that you have to be careful about because somebody just said, I think it looks like I missed my entry point on Disney. It's like. It's like cheating on your girlfriend, right? Like when you cheat on your girlfriend, it's like you get caught at the wrong time, then you go back and then it's like you just stay stay the course.

Because what happens is that to be faithful to the positions that you have cheating, you stop the cycle.

I got another one. Just hold on for a long period of time.

The grass is not always greener. It's never greener. So it's not good because you always go to court, was you watering the lawn and then it's like, well, what?

Do you do it respectfully? Oh, no. So what I'm saying is this is what I'm saying. So you are looking for an entry point for something that's at an all time high. What we just said, tech is, is a major pullback. So instead of looking for an entry point at Disney, this might be a good time to start looking for entry points in tech. Exactly. Or double down to a position if you bought something and now you can actually dollar costs down.

We talked about that before. Well, you dollar cost debt. And so if you if you bought Tesla at all time highs, now you can down the course down. And now that brings your average five point to a middle ground of twenty entry point if you look in the hole for four or five year period.

But when you watch it at eight, 12, it's at five. Sixty nine. Yeah. Yeah. If you one at a time. Is it right. If you want an apple you watch it go up to 140 per cent, one 18. I went witness that was the entry point that has been created for you to go home for the night, map out 100 companies that you like and go right and prices for. Support of the queue should go right and prices hit and we have a 40 percent pullback on some stocks, we're going to be elated.

But the reason, while some of you are not getting the edge that you want because you're not doing the work, I don't want this to be church. I want us to hold hands past collection plate and we all get together if you put in that work. And that's what happens to you, though, so you stop trying to rotate.

I think he say you're going to rotate yourself into poverty by rotating out because you can't keep buying at all time highs. And every two months is a different sector. Just speaking, we need to stick. And this is why you diversify, have multiple different sectors, have an index, which is why the index is important, like the Russell two thousand two of them, S&P 500, because now you have. All different sectors and not just in one particular sector, so you're diversifying.

So I believe in tech tech not going anywhere is not blown out of proportion, but it might be some short term pain to come. Will just be prepared for that.

Can you stand glorifying any anybody that's cheating? It's none of my business. If you don't already know, they're going to come for you about it. They're going to stop.

The grass is not greener on the other side.

Mow your lawn and water going on the grass cut, please, because of acquisitions or you take them to the cleaners. That's a fact. Let's get some questions if we can. We haven't done this in a while, so we have we don't have a guest today so we can answer some questions. Let's do it. Jason, what are we coming to you? I'm going to solve. You've been unmuted. Jason, what's going on here? How you.

Like, man, I'm doing good. I just want to say a shout out to your fellows for the game you'll give to the culture. We really appreciate it. I've been with Charleston's story time, way, way back in the days to go back. And thank you for the futures program because I have that on my Google calendar for. By the last few months, but I'll make it real quick, my my question is, in episode 70, you talked about long term wealth being to tech stocks and two funds to invest and now more than 20 pegs because you create fun.

One more clarification on. If you have to index funds and technology companies, you have exposure to everything else, the reason why I love index is because the drawdown is not that high. Everyone go look at the two most popular indexes, the two most popular popular mutual funds type and check what the average drawdown on them per year is. They're not going to get an 85 percent drop on the index fund safety. So that's my line if I'm ready to tuck.

Great. I got. Chad Ochocinco in his prime over here, Randy Moss over here, Colts Locker, Gronk, I'm cool. So the index is all my defense tech gives me. So acceleration everyone's talking about volume growth. The growth are the tech. The value plays are in the indexes. It's the safety. But also, if you only have a little bit of money, you can't have forty five positions and put one hundred dollars in each.

I would rather go heavy on Apple. Tesla. Modano last year, JPMorgan in 2008, and go heavy into the ones that I like and I know you guys ladies care for the analogies, but if I get four players how Brooklyn's doing, our other pay for players, top dollar, then have 14 players at a terrible and pay them like a mid level contract. I want to lean towards the ones that are going to do the best for me.

Simple keep for an how about or you can do what you want.

Appreciate you story tonight was epic. If you don't know what story time it is not to go back to the archives at. That's what was in a dining room, did you not? They wanted you to know the story sounds epic.

Episode 70 then I appreciate the felt like five years ago. That was a year ago. Wow, that's crazy. No, sir, we come to you amuse yourself. You've been unmuted asking me. Yes. How are you a little worried about you. I'm good. Thank you for asking. Thank you guys. I've been trying to get a question in for the past few weeks, but I've appreciated regardless of actual quickfire.

Would you say nothing yet of an episode where you cover the two hundred day moving average as well, seven to day moving average, but for somebody that's just now getting into technical analysis. Yes. And trying to get into charting, where do you suggest that we start? I also have a couple of the books that she recommended. But what do you suggest we start for a beginner? I will start with the first channel that's way more fire. I promise you, higher oil prices.

Place better than 72. The thing I just told you about is Kobe Michael, two hundred, a decent Horace Grant 72, not bad, but that Proshanto is the last time I would say to the how this start there. What will books you want to talk about real quick? Honestly, I've got a couple of them right here on my desk. Come on, you know, try and keep me from breaking out on the.

Not that I don't think I'm looking at I so screenshots, OK, market wizards complete total traders trend followed by Michael Kovil one, you master the game. Trading is owned by Mark Douglas, a man for all markets. A Big Debt Crisis by Ray D'Alessio Principles. I want you to go ahead, Stock Traders Almanac, twenty, twenty one start when you have a way. What you should fire me. Let's help the people out if you want to fire and.

You go get it. It's on Amazon.

It's fifty nine dollars, it will tell you month by month, day by day, the trends of the market try a good brother is a good brother like stock market.

And I'll say it to I don't endorse many books fiar. It was great because we got out at the same time. I was like, what's your reading here on? Appreciate it to tell you what the probability of the day is for, OK, for those of you to trade futures, to tell you the kind of whose days have the probability been, don't make the course in three weeks on it. And like you all came up with a piece of that.

But yes, I love it. Yeah, they put it in chat. Somebody I say it again, it's in Stock Traders Almanac point twenty one to the twenty twenty years. But they obviously updated every year as the notes. Appreciate you. Appreciate it. Thank you. The. To do to to get some ladies on it and just go with the blueprints out there to just play somewhere, Rockefeller. I'll see.

We'll all get this right miscounting Cerrejón said that right. You are Miramichi, so. Reason. Hello, Queenie, you there? So you say, no, no, no. Have fun together. Hey, I got like right for I'm here. We say, OK, we can hear you.

OK, so I want to ask you what the volume is.

Your volume is real low anyway. OK, what about now. OK. OK.

Thank you Escherichia. Thank you. Got it right. And hello. Good evening everybody. Hope you guys are doing. Glad you guys are doing well. We're doing well. Before I had a question about energy sector.

I know when Josh Brown was on, he talked about the energy sector. You have to look at companies to the next level of the energy sector.

And so what what does that look like? Was that next level look like?

Because with the when the cold weather happened in Texas, they bashed clean energy, they bashed the windmill energy. And so why is the energy sector taking this term is up, but they've kind of taken this turn in the other direction. So can you give us some insight on. Yeah, energy, the antenna's was a little across the TV and speaking of energy. I remember back in the day my grandmother had to join, we had to turn it down, and then you had to play with the wires and it was like it might be lines.

And the TV was real. It was a whole culture. If your brothers didn't like it, they tell you to hold it because you've got to stay there so we can get a Clear Channel. That's what happens to a Channel four, Channel seven and Channel seven, nine and 11. And that was before cable. Oh. And how do you feel about how you feel about energy? There is some value there right now, any time that anything related to short term weather disasters.

It's a good trade, not a good long term investment. We're having a shift in a paradigm shift in what's important. So fossil fuels are going away. Cleaner energy is going to be the wave of the future. Some would argue that it is here. Now, if you're going to look at anything in the energy field, I would look at the big boys. But I can come back next week and probably tell you, like the top five that I like.

But I wouldn't base a long term investment thesis based on short term weather disasters that have happened already happening that I'm thinking about jumping out of now, just trying to find a price point.

OK, we're facing an ETS. So Diamondback, an energy transfer.

OK, so I got something back at 60 to. Grab our quick. I promise you, I have these crises for you. You want to get in or out out on a crazy run right now?

It is not, and I'll probably take profit over the next couple of days on that one. OK, but I'll come back for sure.

Next, we answer for you because I'm in Stockler as well, so. Oh, come on. You're sitting in Tel Aviv right now, OK? And I got you. OK, thank you.

Appreciate it all. It's five year chart. Doesn't look encouraging to you. A chart doesn't look encouraging, but the six month six great chart looks impeccable. I actually read what I typed in Spain because I was looking at a thing ETF. I remember I spoke to Trap like six months ago. There was a fair need to get the top 10 think will top 10 companies and I'm going to invest in it. And it was like now it's 50 percent chance.

If things go bad, you lose your money. And so when I typed it in again, I ran into this. I'm like, oh, I caught this like two months ago. But then I heard some very, very, very good perspective on energy. And it was like, clean energy is the way, but. When it comes to building, are we going to be having the tractors or are we there yet? Because if we got to build if we got to.

Create rules. We're still going to be using oil and gas to get us through those velocities, always that and they'll shift and make an adjustment. Yes, but you have the time, but not being a primary investment, that that era is over so long and short. A trapper, Madam Charles, you had a boy.

You look like a GQ model shopper go trademarked that they said. Melissa, we're coming to you want me to mean you've been unmuted on? Hello. Hey, how are you? I'm good, how are you? Good. I wanted to ask about space stocks. What you thought about them? That's what I was reading an article recently on Travel and Leisure regarding space and hotels, and I have a hospitality background. So I was like, that sounds interesting.

And then I'm reading Elon Musk's book and SpaceX and all that other stuff. So I just wanted to get you guys input. It's going to take probably 20 years before it's like. Viable, but. If you're willing to build an incredible base, lot of prices low, you believe in a space. Now, with time virgin, Virgin Galactic is a few others, but its first of Ethel is still so much more, that has to be done for it to be viable.

It's one thing to take somebody into space as a one off one to make it an ongoing thing. I think with years of years away from that. So my whole thing with my philosophy with investing is I want to invest in something that is like happening now, like even like last this time last year we spoke about Moderna. That was something that was happening in the moment. Like now that's like 10, 15 years out, so. Because there's too many variables that can happen between my own personal play, I just feel like there's more there's more value stocks and more value industries right now that's actually doing stuff that's actually changing the world right now as opposed to something that I mean, it's definitely going to happen at some point, but maybe 15 years, maybe 20 years, maybe 10 years.

That's kind of a long term plan and something that's not really. I think I'll go in with this. And I think you might have said you don't want to get into a position at the wrong time in a sense, where, yes, space exploration will be something of the future. Is it all right now? Probably not. And so I think the example you gave him was like two thousand ten, if you would invest in Tesla when everybody's talking.

Right, it was thought out that it wasn't the top UVs talk about tests. Now, obviously they're here, the cars are here. You see so many different companies. It's a different time. And so you don't want to get into your investment and just sit on it when you're going to be losing an opportunity to actually gain potential in all this class. Unless you go 15 years and you're doing it for your kids like a space's Internet, two point twenty twenty four space is like nineteen eighty five with Internet.

Got it. Thank you, guys. If you have the guts to hold it for that period of time, great. But also too when something is at an extreme low and you truly believe in it, and if you have an informational edge, there is value in building a base every year and building. So for those who built up positions like Jason Calacanis and like that whole like Tesla support squad helped. Ellen, stay afloat. There were people that were buying 20 thousand shares of Telstra every year and then when they finally had this boom, great.

But you have to have an edge there to know when you're going to have liftoff, no pun intended, on that asset class.

You have to oh, you got more. You got UFO and AHC that come coming with it. They're coming out. Everybody's waiting on. Everybody's waiting is coming along, too. So sometimes the names Volaris up. I was looking up skidmarks cybersecurity ETF on Haak. Oh, my God. That's perfect. The market is good looking as though what better what better space name than before. It makes sense to me at a premium the name, but it was worth it.

Real quick. Real quick. Our earnings so. Cancel on the earnings from companies that we spoke about, so Thursday, Thursday, DocuSign will be reporting and ultimately another outside those two companies will be reporting on Thursday, Thursday, Thursday, Thursday. Let's see if we got some more ladies in to that if we come to you. It was going on. Amuse yourself. You've been unmuted. Hey, hey, hey, how are you? I'm always shocked when you tell me this is the second time in a spy era.

I love the El Masters, Troy and Rishard, so I invested one hundred dollars and bitcoin. It's now seven hundred plus. Take out five hundred and buy another stock. Thank you. I love you all know.

Thank you. Can and then you leave.

OK, thank you so much.

Yeah that's my turn. The semester. Yeah. Keep it in. So the next one, she was listening. That's what I'm told, that's the application I did, this might be the first to be shot. Scott, are you there, you've been on YouTube. What's up with that? You are doing good. How are you feeling? A little. I just want to congratulate you all. One of the show I'm listening every Monday while I'm Red Panda now is going down.

My God, I appreciate your energy through it. Real quick, Troy made a statement and I just wanted to bring it to everybody's attention. I just saw this like today, this footage right now on YouTube that just came up via drone Elon is he's been working on a semi trucks in my trucks. I'm in Texas. So I'm I'm hardcore Tesla Marcoola, you know, with the movement. Anyhow, my quick question was leverage. If any of you guys can explain on a fundamental level how we could possibly utilize leverage at a time like this where so many stocks are on sale.

Leverage, what exactly are you for a margin account yet long term on buying holes and I understand leverage can be a two it's a two edged sword, but how can you utilize that if you have X amount of dollars and you're leveraged more purchasing power if you have a stock that's on sale? And I'm and I'm asking this as a beginner because I I've never used leverage before, so I definitely don't want to over leverage. But so much is on sale right now.

I'm going to make a move. I'm will buy some more. But, you know, I just want to know how much are you trying to leverage? Of no more than a couple of grand at the most emailed in a jar, repented, I'll you a couple of. I want you to use leverage. Don't kill your account. Well, fuck up your account and do it, because if you don't know where to get it, when to get out, OK, let me ask you this question for whatever you want to buy.

How long would that asset class be down? Or that particular stock. Now there's a clear answer. Because there is an extrapolation model based on algorithms and hedge funds, so you can find you can see how long the test is going to be that if you guys go dig for it. But if you don't know, I don't want you to leave this thing for granted and you end up being down twenty six thousand. Please, please. OK, I want you to do it.

Well, what was your name again? Well, where you from? Houston. I'm always complaining. No, I don't listen, it's all little.

I appreciate your brothers, and I just want to let you all know my ancestors of smiling down on y'all. And this is what brothers like Marcus Garvey wanted to see how people do. Man, this is the one of three in the future I have. Good night, man. Mean, this is a lot more than the skate rink with skating rink and his aides down, man is the largest city in America.

Broke into some all they got to escape.

Lincoln, you know, I'll be busting my ass. Hey, man, you ain't the only one, bro. I can't get down like that. But listen, bro, I appreciate you, man. I really appreciate your. I don't want the money, man. I just want to learn how to fish.

No, I'm saying don't deliver. So you have to wait two or three years and you have to have an edge that are so great. So the only time I want you guys use margin is if you're one to eighty percent of the trades and if you know that you're going to put in a dollar equal to seven.

But that's a bit. That's a big thank you to Asia, but definitely, I mean, get to answer that question, no leverage. Just be careful, everybody. I mean, we could tell people not to use it, but when you see it, it's tough. Yes. I mean, we've talked about this a lot, so I want to go into too much detail. What margin is this other way? Credit you can, especially in the krypto, the number of people you can use to use to be able to buy crypto with credit cards.

I'm not going to do a lot reminding me because you could only I couldn't use a visa. You have to have a MasterCard to do so. I have rent a car real quick. I know the good old days of crypto. I imagine if you could buy stocks with credit card. I used to be able to buy those credit cards. That's crazy. Looking back on it now, how many credit cards do we take? It was crazy crypto credit.

That was a whole lot of weight. I think even cash advances or balance transfers because, you know, lots of people don't realize the balance transfers. You can actually take out money a lot of time with the power transfers. And then you once you get that money, you can do whatever you want with it. And then the balance is like zero percent for like 12 months, something even twenty four months if you get a real good offer. So that's like an interest free loan for twenty four months, but.

No leverage. I'm not really only talking because that's the whole thing that's I hope you don't have to go through that part was going on, she tells all I'm going to tell you that it was going on goes on in a major way. I just I, I just want to know what you guys thought about Israel is a zero. I bought into it like thirty one. I believe that it's a good again, that's the starting. Right. Israel doesn't travel.

It is going to look into it. And therefore I looked into it a while ago and I'm like earlier on and I mean, I like the companies that were in there. So I'm just thinking like now that they're down a little bit, I'm thinking about just like loading up a little bit on it. Yeah, I'm accessible now, but I'm definitely aware of that, but I haven't really looked into it, so I can't really speak on that.

It's not something that I looked into, but I know it is part of our family that Israel ETR. But maybe we can we'll look into it to never speak about something that's not OK. I'll come back for sure. Connection. I don't appreciate you all. I wasn't aware of it, but I am now. So that means close to home with me tonight. Appreciate you. Technology. I see innovative technology. All right, gotcha, gotcha, gotcha.

We got one more. Let's go to Jim, Jamie, just to be yourself. So, Jamie, as you say, able to say, can you hear me?

Yes, I'm good.

Hey, so speaking of margin, so I haven't blown up my account yet, but I did have I did have about it million.

I do have about two million. And then with the with the correction in the Nasdaq, I'm down like nine hundred thousand. So that's what I'm trying to figure out. So I'll gladly give my account the liquidity in my account, but I'm trying to figure out what to do now so that I played the, you know, the the reopening play or should I just stay in cash? Should I take advantage of the dip in these tech stocks? I mean, at this point, what should I do?

When you say liquidate, what are you invested in? Everything, liquidated everything.

Yeah. I mean, honestly, man, you know, I kind of panic. So I sold everything. So from peak to trough, from peak to trough. So from peak to trough, I was up about I turned about 120 to one point nine million. It it came down to about one point sixty one point two five. Now I'm about it. Now I'm right at about one point one. So really at that point I just I just sold everything and I just said, I will wait this out.

This is when start at one hundred. Yeah. So you want to localize potential. Yeah.

So OK, so, so but it goes back you know. Yeah.

You can't count money that it goes back to you know. And then it goes to the point that I was talking about earlier. Commend yourself a hell of a training, what you're trying to do. And we all do it to try to recreate the magic that you created last year.

And this year is a different side of right. So if you start one hundred, right, you did the right thing at one point two, you need a cooling off period for three months, I think going back before you deploy capital. Think about it. Yeah, man.

Because I'm literally I've literally psych myself out. I thought I thought I knew what I was doing. But when that happened, I was like this snap. I need I need to reassess, you know.

Options, actually, no, man, it was just I was going long to know how you deploy capital at the right time during a crisis. Great, pretty much now we're not in a crisis, we hit it high, now we are going to chase those gains. All traders have been through this. You just went through it on a long term investment cycle. Right? So this is what I talked about earlier once. You know what your targets are, you have to then stop.

A victory is game seven. You can't be like, hey, let's play a game eight because you could lose. So now you wait, wait till the market settles. I would even say you probably should in September until we have a strong pullback and then deploy capital. And out of that one point to I probably would only put another. Hundred, two hundred grand and let that ride for 10 or 20 years and going to be good. Do not try and create what you did last year.

What stocks what stocks were you invested in at the time? So I went all green. I was I was heavy green tech. The Evy's anything that was mining Bitcoin, right. So I got in early, man. And let me just count. I went up, up, up. Like every day I was there. Were there. Yeah, I had some grayscale. I had, I had cles part, I had a little fuelcell little plug power you got at the right time.

When I Ioway I wanted to, I thought, I thought like I was going to give you an app or Tesla or something. I didn't, I didn't feel either one of those. But what I'm saying is that it probably wouldn't make it though. But yeah, you got stocks where you got at the right time was not promised and you've got a thousand percent return. We did the right thing. You did the right thing.

But the thing about which I'll tell you guys all this, this is the thing of. You are you were fortunate and like you said, that was actually something that was really true. It's a blessing to lose four hundred thousand nine hundred thousand because not to lose, not a thousand. So it's a blessing that you have to give up what. But it is a difference between having a good year and having a good career. So you could have picked some good stocks, but now it sounds like you might want to just formulate a strategy because there's no guarantee that you can duplicate that level of success.

So you're not going to be able to duplicate that again until we had another recession. It's like you have more money. Like we know people to have a thousand percent return, but they only had a thousand dollars. But you had the that return with one hundred thousand. That's a million. I'm saying so, but. You don't want to continue losing because you hurt yourself. I'll just say that I know you don't want to hear this. I would say this in an ego, you don't have to apologize for being a millionaire like you made the right place at the were over the.

So I know some people are asking about the tax because I'm talking about the taxes to my head as well. But yeah.

And I think that's why I held so long, because I was like, man, I don't want to play a short term capital gains on on all these gains because I'll be in a.. And all that. But in hindsight, that should have been more secondary, not primary. But go ahead. I'm sorry. No. Yeah, I mean, because you did a hell of a thing, but I know you're thinking like, what if I could do this for five more years, opportunity will come.

I will only deploy maybe one hundred thousand because that's a no you probably can sleep with at night. If you lose it, you still have the nest egg, but now you've got one for safety. Now it's all about capital preservation. No one wants to hear that until they lose the one point two. And then where it has been that had at one point two lost it. But you can still print a good amount of money. But kudos to you.

Like we've got to clap it up for you. I know the anxiety is real. And when you guys make money for those, you are looking at YouTube and, you know, people in the zone, do you think that when you make the money, the problems go away, they only get exacerbated because now you have a different set of concerns to man to higher up? You go up the mountain a Phil. Is one of these things as cliche?

It's like you have a million dollars that you would think the life changes and you just. Not really, that case does not. Yeah, but that's all sometimes I'll say the thing and and people like you guys are crazy, but like the number four actually to be rich in America was like thirty one million. There's a reason why top athletes on the Planet League make 30 million dollars a year. Look at the stats. That is the metric of a million dollars in 1970 was amazing.

Nineteen sixty was amazing, especially as an adviser. Definitely. Now I understand you didn't you didn't you didn't do the more safer place because, you know, you was running it up. But now that you have some nice capital or at least a couple of hundred thousand into. More of the traditional estimates that we talk about every day, just over 20 years, but at least get 15, 20 percent or in taxes if you get another great price.

That's a great percentage, right, at 12, 15 percent until we have another crash. Right. Great job.

Like, I got to clap it up, but the anxiety with it is start in the stock market.

Do it again when you start investing in the stock market, like when did I first start, like 2008, just run this, run with this, run out with one hundred thousand.

So I put that in. I put that in like around June, July of last year.

Are you really. Yeah.

So yeah, yeah, yeah. I mean it felt good but then I feel poor now because, you know, like mad I lost 50 percent of the market.

Listen, you're making an amount of money that most people here may never touch. Don't say that you feel like I know what you mean these days.

That is amazing defense. Our house is on fire. You grab the fire extinguisher and put it out. Yeah, doing it. We were giving you to stand around your husband.

Thanks, fellas, management guys every week. So I appreciate it. And it's a good lesson for investors and traders.

No matter what amount of money you hit, you always have Fumo, it's always meant I could have got twenty two percent more or 20 percent more. It's always Fumo at 12 percent. I know how to deal with it because he said at one point, not three thousand. It never goes away, it doesn't hurt. Take care of the grass, literally half a million dollars. It doesn't feel good. No. But there's no way to substitute that feeling like you can't explain to somebody, they'd have to go through it.

And it looks like one of those things, but it's not that bad. Gina Oh.

Oh, you took a trip. You just start crying out the corner, out your eye and down here at the same time.

You know what, though? Because I know it's really not. I look at it like when you when you are right and it's like, you know, that you had some crazy run. Oh, it's like the money's not unrealized. It's not it's not real. That's why I keep it real. It's not a real it's like never win. You never lose that in this game. Up you down somewhere will keep you different features because it's cash the same day.

So when you lose ninety thousand choose this is 90 that day and a broker won't call you and say, hey man, I hope you have a better day tomorrow. You just cry. Turn from Boyz n the Hood.

I looked at my account last week. I saw how much money I lost. And I was listening to group have been quiet two weeks, I'm like, hey, I get it, the open is April. You know, it feels just like last year the. I'm in the kitchen, I'm in the kitchen, so I'm in the kitchen, cooking wins and wins and losses. You can't lose what you started with. Nothing. That's a fact. So we can go back to the stimulus desk, goes on chasten.

You never know that you can never go back and be a young boy, I've probably never made it. We made it difficult to get members of the Osborne real estate.

We always enjoy. Always, always, always the market minded. It's always therapeutic for me. I love it. I love the market. Monday, every Monday, eight o'clock, we used to rock out for two hours at zero is not bad.

Twenty dollars and 19 cents, by the way, if it gets to. Yes, ma'am, it could always be worse, maybe I. We got to keep life in perspective. You really blessed that, Joe said. I mean, you can wake up and, you know. As he said, eat lobster for breakfast and things that we're really blessed and it's like, you know what? We can just have a YouTube show and talk about stocks and, you know, talking about losing money and still have a roof over our head and still be able to drive a nice car like, you know, you're really blessed.

It's important to keep that in perspective. At the end of the day, it's only money, your wealth, your family, your health, your family, your real wealth is in your family and your health and your peace of mind. And you can't put a price tag on peace of mind. I look at money not so much as like just to hoard it. It just allows you to do things and allows you freedom, certain freedoms.

But we always got what, stop losses? All accountable, too, if that's how I respect that. I respect that. I respect that. I respect that. And learn to learn learn from your mistakes because we all make mistakes. But yeah, you know, I think once you once you keep that in perspective, you realize that no matter how much you lose, no matter how much you gain.

It's a blessing just to even be able to to play the game. Yeah, that's what no what you lose, you have to say it. But percentage wise, if you lost, did you actually cry? I wish I were going to cry now and I would cry if I lost one hundred percent of my bill. It would hurt, but I wouldn't cry. Now we remove emotion from this. We really from nothing. I don't think people really honestly say we feel like we've started nothing like we really did.

I those. I mean, it's not for us to and not much has really changed. Like, it's not like our life has really drastically changed. Like, you know, it's like if we're talking about which is more or less. Good for you, not always over allergies and tuna fish coming over every day. Could always be worse as Notre Dame, Ind., or. We are going to your sports talk of that segment alone, man. It was about the sports biros.

What's your debate and what do you need? A moderator moderated sports by. Brian. Brian, did you get the moderated music and sports podcast?

Maybe that's the reason we do it right? One more. Yeah, we can say one day this will be a but I'm not planning on losing a hundred percent of my portfolio. No. If that happens, that would be a dark date, Americans never seen this name. Let's go to this is a Dow. Dow was going on a little bit of muted. So how's it going, fellas? Good, good. I'm calling for some quick guidance or whatever.

Forty nine year old cat started investing last year right before the Apple split. I'm investing in one thousand dollars a week. I'm trying to do that for the next five to ten years to catch up on everything I'm doing year right now. But after this. After this drop. What about deciding should I stick with the DCA? Should I split it up DCA and hold the boat? What would you suggest?

What are you investing in? Our Apple, Microsoft Amde Visa, Betye QQQ.

You could go look at the Cuban episode, so I'm happy, I'm happy. I'm happy to go back to Cuba. And I was the one for that as well. So I just started like you are.

Well, thank you. When I get in a bath, every week is by OK, but that does not count, although we have been averaging just don't be. Are you down to a portfolio right now? But don't be discouraged. Dollar cost averaging is the best way to invest. It's been it's been cool, but yeah, I made a mistake.

The John mentioned before I started strain off the pad and stick with the plan. First I was doing dividend fund dividend stocks and then I started doing the DCA. And then I heard Troy say on one episode he wanted a thousand Apple, now one two thousand. So it's kind of going back and forth. So, yeah, I'm going to stick with the plan.

Stick with your point that you're going to change. I'm going to be honest, as an investor, when I hear other people stick to their plan. I'm like this. You're going to be easy win for me. If you just stick to your plan, if you're putting in a thousand a month. A thousand twice a week we walk around. Twenty twenty four will be amazing for you a lot until 9:00 a.m.. You know how much they appreciate, you know, how much your portfolio would you lose before you start crying?

She I got done. Fifty five percent, wow, I'm a come on here. Oh my God. You'll see a whole different side of me. I'm going to hedge I'm not I'm not the man you're going to see Lucroy come out for real. We have to see him in a long and still he did from Heard's. Now, dig them up, Turnspit. Put them in the ground. You know, that happens, classic Snapchat, bring it back so I can run my character up, please.

Thank you. Yeah, but I've had losses big enough and training like first time I lost 30 grand in the tree. Oh, man. I cried and, you know, I was crying. I never cried, but but it's talk about the lessons. Even when I lost 30 in life, I will well, and a few other like but even when I lost that 30 20 krypto, when I couldn't afford to lose thirty dollars, it was like Tweety Bird, like you have to watch those cartoon waves like the Tweety Bird.

It was like, yeah. But at least in critical, you have time for it to recover like a tooth and claw. No recovery for that. We watched things go to you guys just flat out said.

Ninety nine percent. Like, I literally felt like somebody hit me in the back of the head with a sledgehammer like that was real.

It was really happened. And we just did what it was. But it was like, I'm not I'm honestly not having already lost everything. I lost all my money. I invested at one point in time. I lost it every day. When I got it, I got it back within a year and like 50 times over that. So I'm not I'm really serious. Like, if I lose every dollar today, like, I know how to make money, like, I'm not I'm not going to kill myself about losing money.

It's just it's a loss. I'll learn from it. I'm not going to not learn, but I'm not going to like I mean, what am I supposed to do if I lose it? It's lost. What can you do? The further you get away from zero, the less it hurts. So like if you the thing and I will start with no money and invest a thousand dollars, and if that we lose that we're not that far from where we started.

Right. That's close to zero. Further, you go up there, does it feel the same. Are you says unrealized and it feels like it's unrealized because you've never touched it. If you were up five one hundred thousand, if you up a million and you didn't take it out like you didn't take my man down, Freeman said if you didn't take the chips off the table, it never really was yours. It was unrealized. Your account said it, but it doesn't feel film.

Just different. Just different. Yeah, but also there's no such thing as house money either. That's that's true. And actually the brokers come to tell you, like all this house money, go ahead, just keep playing. And it's like, oh, that's for them to make money on the spread.

But so biologically you still don't know for me, I just I still is different. And she's like, I don't know. It's a different feeling. Like when you have that money and you just making that money and it's just like going up a thousand percent, you lose ten thousand on that. It doesn't feel the same. Like if I lost ten thousand dollars years ago and I had to go to a job and autumn and everything like that's.

So it would be unexplained in American Sniper like no, I'm saying like by now it's like a hundred thousand in the stock market. You don't really think about it in the normal range risk. And we got to be down in a day. Honey, I'm good luck. Good luck with that.

I'll try to try not to risk more than one foot on any train. And then also the point that you brought up about nature for my trade issues. A quick tip for you. It's going to take you a while to go look and find out what the average speed of an avalanche is that I'll tell you what your target price should be for the Dow. NASDAQ won't be short. That's I target for shooting avalanches are going to move at a certain speed in comparison.

It's going to give you a multiple at which it moves faster, that is the same targets for taking a normal target. Multiply that times that where the speed of the bulge and announced that it will make a killing. So it's my little nerd bio homework for you.

For the moment, the market might need another another epic episode. Thank you guys for joining us. Don't forget tomorrow, tomorrow, credit to Jose Rodriguez episode one hundred and twenty five. Wow, that's pretty encouraging. Twenty five Alijah. He breaks down everything you need to know about credit, business, credit, personal credit, how to build your kids credit credit episode. So make sure you check it out. Very, very, very, very important information.

Five o'clock Eastern Standard Time on audio platformed YouTube. And we have a class from Tattaglia Iwao University on Wednesday. And the last time she spoke, she thought about investing in Ghana and that was the epic class. So make sure you check that out, make sure she is talking to her. She was she had a job on Wall Street like 16, 17 years old. And she's different. I don't even know the real estate. She's a seasoned investor as well.

So she's going to bring in tons of knowledge throughout the year.

So get you out. University dot com, 70 percent off. Make sure you join and. Yeah, keep keep coming. Keep the suggestions coming. We want to see on what topics you want us to cover. I think this year we've covered a lot of different topics that we didn't cover, like real estate several different times, cryptocurrency several different times. They wouldn't be a bad idea to have a credit conversation either. I don't think taxes, all that stuff.

So, yeah, you put your market on Monday as hard as we possibly can. So thank you for your support. Tell a friend to tell a friend and stimulus check on the way tomorrow. It's not reporting on it. So I think you have to wait until like eighty thousand. And they did a survey that said half of the millennials were getting the check and then be invested in the market. Yeah, everybody is invested in the stock market right now, so don't shout out to everybody else out there.

That's part of me.

It's encouraging to see and keep your composure, do not panic. Please, please do not panic. And. Know every storm and eventually. Ian, what would you like to tell people? I appreciate your. As soon as we got off here, we're going to trade after dark with you 20 charts and I'll take five questions and wrap up for those you want to feature programs available if you go to my to compile sort of slow down all side. So.

So we'll do that and then I'll look out for if you guys like that show type of comments and we'll do more of that.

So e i o network to we have the biggest stock show. We will have the biggest real estate show. That is we are finalizing we're finalizing the situation. We can't speak on it too much right now, but we will have the biggest real estate podcast coming for the pocket's. That will be so, so, so, very so very soon. Real estate podcast is on the way. So come in, everybody. I seen it in the trash.

Out to Jessica Reminderville, actually put them on notes. We talked about robots because our kids play it all the time and probably hopefully they sleep and now they play it every night. The IPO is this week, on Wednesday, the IPL. So any parents already know you probably paid enough or whatever the show is going to be over the past six months. So good time to invest if you're interested in the company. And another one of our friends interested in joining the network to.

The biggest coal, the biggest in the game, so I like that, I can't even speak on that yet, but poker cards to hold on to, poker cards to are the number one Coinbase IPO.

I'm elated about Coinbase or that's a good one.

That's a good one. All right, guys, all shout. All my educators. I see my and they text me or so Thomas was going on. All my educators love you. Appreciate you, Ammu. I fight for you. My old principal called me today was me to come back to speak to the kids that was actually getting my first job to try to make sense. If he's watching again, keep fighting the fight and keep educating. And I had we had a great conversation about indoctrination for education.

I always bring that up a lot and I just didn't actually take my mind on it. He said indoctrination is good if we change the doctrine. So former educators change the doctrine. If you know the truth about education, what you should be teaching, don't feel discouraged about teaching the truth. Please don't. Please don't. Our kids lives on the line. Please, please the truth. So I'll be able to go fuel. I much find the energy for Jerry Rice the greatest.

Let go if you want. Go to the next school. The biggest. It's called the gold. We love you.

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