This episode of Market Mondays is brought to you by its pro TV star to grow your I.T. career with online IT training from it pro TV. And right now they got a special offer for all our market mon's listeners. They're giving 30 percent off. That's right, 30 percent of all personal plans. And I know what you're probably thinking. It careers are things of the past. And can you really make money in this field? Well, a recent MIT study found that I.T. occupations have grown by 19 and a half percent between 2004 and 2020.

That's more than eight times the growth rate than any other job over the past decade.

While the earnings growth for those with college degrees has somewhat flatlined since 2000, earnings have actually grown significantly for those working in it. It's never too late to start a new career in I.T. or move up the ladder. And it pro has you covered from Comedia and Cisco to SC Counsel and Microsoft. IT pro TV has nearly 6000 hours of On-Demand training courses that are conveniently listed by category certification and Jabrill and my favorite thing you can stream it pro TVis courses live on demand worldwide via Roku, Apple TV, PC or the iOS or Android apps.

Learn it, pass your service and get a great job with it. Pro TV and right now they've got a special offer for all our market mon's listeners. Go to EITE Pro Dot TV Backslash EIO and you're going to receive 30 percent of all plans. That's it. Pro Dot TV backslash eio.

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. Many investors, the investment platform from Main Street through main this, you can access small business investment opportunities and start investing locally with as little as 100 dollars open to both accredited and uncredited investors. May Vest is on a mission to democratize investment and empower a new wave of local entrepreneurs. May invest works with breweries, restaurants, cafes and other mainstream businesses that are looking to innovate and grow in the face of ongoing challenges they use in innovative debt security tied to revenue with quarterly repayment structures.

We always get the question, how do I invest in businesses in their early stages? Well, here's your chance. From bakeries to coffee shops, breweries to restaurants, they have it all. And right now they have a special offer. So here's what I want you to do.

Go to Maine Vess Dotcom backslash e-mail for twenty dollars and credit towards your first investment.

Again, that's maned best dotcom backslash AOL for twenty dollars and main Vess credit. Don't wait, don't hesitate. Head over there now. What's going on, Earner's, welcome to Iowa University, the number one place for business education, charitable bringing. Yes, Iowa University already has over 100 past webinars from all areas of business. It includes weekly webinars from industry leaders. It includes access to our investment Facebook group, Movie Club, our book club. It also includes access to monthly financial planning calls with yours truly.

But what has been added has access to M.G., the mortgage guys, home buyers blueprint over 14 hours. Everything you need to know as far as the home buying process is concerned. And also what has been added is access to our monthly group check. So once a month metering a whole team is going to let you in on our personal plays, our portfolio, what we're doing, and more so all of that. We are running for a special promo code of 70 percent or for a limited time only.

So head to Iowa, our university dot com right now and take advantage. Not worries. Don't wait. Don't hesitate. We'll see you on other site.

Monday, Monday, Monday.

Hi, guys, welcome back. Welcome back, everybody. Well, well, as well as the. Market Monday is back at it. And we sent a notifications out. Yeah, yeah. Another another glorious Monday, man, another day above ground is a good day, you know a lot to talk about stock market. It's crazy like going on a real estate. Lot going on in the world. So there's a lot going on right now. I'll let everybody get in, then we'll get it going.

No need to wait until I see my guys here shout out to Escobar.

So winning that Grammy. First time ever they checked on a few of them. Yeah, yeah, life is good. Probably should have won. Illmatic, in my mind, is the greatest of all time.

Still matics still than life after death that should have won a Grammy.

My God, how are you feeling? What's going on? We just had like that, but I just changed it out. Obviously the greatest rap of all time tunnel was nice. God rest his soul, rest in peace. But, yeah, we had ready to die and we had life after death. But Nas, you know, he got that Grammy yesterday. He's one of the most influential rappers in our life for sure. And then I got we got to jail.

We'll talk about that a little bit later. What's going on over chillin, man?

I feel like I talk to on twenty two days, man.

How y'all doing that? Thank God man has blessed, tired time. You already know.

New York is always calling and they said you was living here for y'all.

For me. This I'm tired now man but I'm happy to be back. It was fun. There was a blast. So everybody in New York, Jersey, y'all get right to the point. Yo, I'm rocking with it or not. A statement is exactly how I don't like to be like, thank you.

I don't need no need to beat about the Bush man. Let's get straight to it. That's it. You got to you got to love it. You got a lot of tough boys.

And Patterson was like, not a scam. I'm like, you've been on the block. And I know by talking about but I respect honesty with what they say was a scam. And I say, oh yeah, yeah. I'm like, I'm sure you're getting for free, which is talking about, you know, did you give me a million?

That's one of the hottest laws of the year. Which one is it? If you lose your money, I'll give it back to you. Everybody don't get that treatment. Not everybody. So. Yeah, but I see I see you, man. Getting the family time in. That's something that we talk about a lot. So I'm glad to see that that that's happening for sure.

Yeah, I my baby in twelve days I was having withdrawals so he was happy to see me. I was happy to see him. The family times me means everything.

So it's a shout out to all wrapped snacks. Massive. He was intelligent and James sent us a nice package. So shout out to the good folks here have snacks. They do anything out there.

I get some garlic and vinegar, which you get. We got we got a few flavors. We got every Miguel Miguel's got like five amigos kind of punch cards. We got three flavors. Trina got two flavors. They were good. They were good. And Little Baby just announced today. Did you see that? He saw yeah. He got a lemonade brand coming out with raps that he got five different flavors eliminated. So shout a little baby. That's my my favorite rapper of this generation is baseball player and golfer shots.

Jerry Rice for one, go to the next. Yeah. The legend himself, they sent us a nice care package of Coldfield shouted A lot of care packages are going to send somebody so forth shouted last night.

All right, guys. So we'll give you the rundown this week. Ernie Galizia, another jam packed week. We have spectacular. Oh, Charlotte is spectacular.

SMITH Spectacular. Smith If he was a fan of RB in the late nineties, you know, well, early a pretty Ricky. You might know him from Pretty Ricky, but he's actually astute businessman and. Oh, yeah, you got the whole choir. Choir. What's going on?

We're paying to be real quick. Go ahead. I'm here. So I wouldn't interrupt, but go ahead.

OK, yeah. I wasn't sure if we bought the stock here. Negro. Oh, let's say we got some people to use it.

I'm good. I'm protected. I understand how they figured it out to the people.

OK, I'll. Yeah. Shout out to shout suspect shout suspect. His episode comes out tomorrow five o'clock Eastern Standard Time. Ernie Legia and good go to man. He actually he's running a social media game now. He does social media ads and all kinds of ways to monetize on social or social media and how to grow your business. And there's all kinds of business hacks. So that's going to be a dope episode that comes out tomorrow and Wednesday, Wednesday meet you and the whole gang.

Who else is coming? We got Francis Francis out to Francis and some other people might make some guest appearances. We're doing our surprises. Yeah, we don't. Our investment conversation or email university once a month. We do that. We do the investment conversation. Konietzko but different stuff. And it's like a free cell situation. So, yeah, that's that's going to be Wednesday, Wednesday. That's something that is probably one of our most anticipated classes that we do, because it gives us a chance to let people know exactly what we're doing, the moves that we're making in real time, because we're not just talking about we're actually living it.

So it gives you an opportunity to see exactly what we're doing at the place we're doing it and while we're doing it. So definitely come in and check that out for sure. Yeah. So yeah, I'll post the link if you want to. Guys want to join it while university. Seventy percent off right now. So yeah I think that that's the one. What we have going on, we might have something special happening on YouTube on Friday and Saturday, Saturday, but we have oh yes, Saturday, Saturday, I'm doing what I'm doing.

I forget so much stuff going on. I got my financial planning call Saturday for it while university. That's always a big I do that once a month. My goal, the life insurance, retirement plans, long term investment, saving for your kid. And that's two hours once once a month. So, yeah, while university check that, check us out. And we got a book club this Sunday coming up too. So it's on a new book.

Last last book we had was Stamp by Jason Reynolds. Shout out to Jason. Like I said, it was an incredible book and even more incredible conversation that we have with them. And it is in our Facebook group. Our new book is by somebody that you might know that who has killed the entertainment world, especially on ABC, Shonda Rhimes. So definitely tap in and be ready Sunday.

We don't we don't go crazy because the Shonda Rhimes one I'm a I'm a founder of Go.

He's on a million dollar deals, huh? One of the greatest all times.

So you pulled up to a book club, too. So I said, absolutely, yeah. I'm being there. Yeah, for sure. You both need some rest though. I forgot about a Saturday call too. So, yeah, I've been a book club for sure.

So yeah. You are university dotcom. Check it out. So yeah. And we pass the baton to you. Okay. Let's do our disclaimer before you even start. Yeah, let's do that. I just do the disclaimer while we set you up. I'm a get you perfect access to this. Make you a Holst's. You should be good now, and I'm just due to disclaimer, well, in between, so no one first and foremost, as always, do your own research.

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise. This is a message brought to you by the good folks and Galizia and the good brother, and then let the investor himself.

Do you always in such a good mood, man, you like the greatest person on Earth? I swear, my man, I never had a bad day on.

I want to walk you guys through tonight the top eight lessons I learned from investing during this recession and the great crash of 2008. I missed out on this one. I made sure to take full advantage. And I want everyone so worried about a crash. Just realize every year the market drops 10 percent. No good deal is no different than a snow in a raining, but we have higher pullbacks and higher corrections. I want you to realize these are some of the greatest opportunities that we do have.

So let's get right to it. First thing first, No. One, recessions and depressions are the best times to invest in the market, but ninety nine percent of the people that are in the recession are free to do so. Yes, and chat if you wish, you would have bought more than 20, 20. So when we have value drops and I'll talk to specifically those you that are in real estate, if any. A-1 neighborhood is available for 40 percent off 50 percent off, which you buy into them.

That's what happened last year. And I want to tell you guys, we're not going to have a correction anytime soon or excuse me, a crash anytime soon. But when it presents themselves, you have to be fully prepared to take full advantage of them.

Number two, you have to decide what the top two sectors you're going to invest in based on the crash of that era, someone 20, 20 came, everyone was like buy houses. And then I'm about real estate. Guess what happened? Real estate prices went up because people were commuting from urban environments to suburban ones. And the impact shot up in health care shot up last recession. Tech tech excuse me, health care companies did not go up as much as a result because every recession is different.

And I'll tell you at the end how to prepare or the way I prepare for this one. And it's to be the greatest, Jim, that you'll hear in terms of preparation for a recession. Number three, I want you to pick the companies that you're interested in. So when everything hit the fan right before we decided to do market Mondays, like the market turned around, I was like, man, I need to get a whole new list of picks because the last thing I want is people being like, well, Ian said he was good or he will endorse them.

And then he got me a Sunday fix. So I had to adjust. So I went through the Russell two thousand, the Dow, Nasdaq, and these were the ones I came up with for tech savvy Vanguard ETF, Apple, Microsoft, AMD, Tesla, great health care, another Vanguard VC.

Write this down IDB Moderna. Thank you to the good people. Hamadan and Dr. Thank you for making this one of the books of the year. Johnson and Johnson and Eli Lilly. Kudos to everybody in Indianapolis. Eli Lilly is probably one of the greatest companies in the last hundred years and they've done pretty well during this recession as well. Number four, always be prepared for disaster and plan in advance when to buy if shit hits the fan. I know my family dealing with a curse on the sly, one in for the night and be done.

But if everything falls apart, you need to mark off. Please write these down. If the market goes in half. If we drop 70 percent and if we drop below 80 percent of our value out of those companies that you want, where would you buy? That's literally an old school algorithm to know when to buy during a crash, 50 percent off when it's dropped, 70 percent off. They want to drop 80. You won't always get to 80.

But when a company is of high value and high revenue, you want to buy those at those prices. No. Five, no one cares about bubbles or over leveraging unless it affects them and no one cares about a crash until it's here, I can tell you now because the market is up, no one cares about. Being defensive and you talked about it last shot about playing defense, but no, people want to play defense after their house is already on fire.

You can't get insurance after your house is burning down. You need to prepare. So while the market is up and then we hit all time highs today, I literally want you to go on your phone right now. Look at the five year month and see if the market fell again. Fifty or fifty five percent, where would you buy? So when the market does crash, you don't have to actually pay it. Number six by great companies with amazing revenue when others are scared.

So there's a lot of companies that went out of business. I know that the Red Squad has pushed a lot of companies up there, not of tremendous value, but they won't be here in two or three years. You want to focus on companies that are least doing half a billion dollars of revenue. Ideally, you want them to be a billion plus. Number seven, this is truth, not many want to be good and invest, and most just want to throw money into the market in hopes that it goes up.

But if you draw these value lines, you're able to have a considerable edge. And that's why I always stress 100 pages a day putting your timing on the charts and being a focus and then immersing yourself in silence because most people do not really want to be good at this. I know you guys are watching that. Thank you for tuning in every week. But most don't give a damn about being good at this. And number eight, this is the tip.

Write this down. This would probably take you four or five days worth of research if you go to Investopedia and Wikipedia that extra time down. Go study all forty seven recessions. Now, I understand what can happen if the market drops and if we're faced with a recession, I know investment has risk and you always hear that the past does not tell you what's going to happen in the future. But will you do your back testing on a macro level?

You're going to see it's the same five things that cause a recession each and every time. And once you see the parallels from nineteen twenty three through now, you will see that it's the same really three issues that happen over and over and over again. So please write the down study all forty seven recessions that have happened in modern history. And I need you to know this, so even during the Great Depression, it will suck to go through it, but the max that will go through a recession is for years, like ideally three years and 10 months is the maximum time that we will be in in twenty, twenty four months.

And everyone act like the world was on fire. But if we ever hit a depression or have a recession, this would be a good time to build a base. And we'll talk about this later. But a base is when a price prices staying flat. So let's say the average price is one hundred and is going down to 90 and Emax is going to one 10. But if you're Palani and thousands of shares for three or four year period like Tesla did leading up to last year, you can buy thousands of shares and then get a multiple of five, six or seven X and then potentially be a millionaire, depending on how many shares that you have bought.

I want to ask this real quick, are you guys interested in taking a company public so we brought a deal to you guys and we can invest as a family. Would you be interested in the types of sale? And I want us to show the world what kind of power we have to buy all these comments and chat. So. This is a six step plan to overcome your fear of trading. So now people are more afraid of trading than ever.

There's more people in it, more competition. Right. So this is what I want you to do for my traders. Write these down. Number one, I want you to master one set up that you are going to trade. I don't care if it's a moving average, moving average snipers. If it's momentum, please type in chat with your one setup is you can't have a secondary move, one set up. Number two, write down what you would trade.

I want you to trade one asset, one instrument and leave it at that. Number three, write down a number of trade you're going to take per year. The truth is brokerage's. Know that if you overtreat, they are going to make more money than you as a result.

So over leveraging and overtrading is like you setting yourself up to being dropped out of the market. You have to map out the number of trades you're going to take for the year in advance, so if you have a benchmark, you're able to easily surpass it. Number four, write down the times that you're going to try and dream team is here is something we've been going over a lot. But but for those you are trading the bond market, you need to trade that from seven a.m. Central to eight 20 flight.

And then you have another period from eight thirty a.m. Central to nine thirty, after that, you're done. For those you that are trading at midday on your lunch break from 11 to one, you're going to get destroyed. And this is every market features stocks for it's the dead zone with a lot of people, call it, or zombie hours even in penny stocks, if you're trading past a certain time, you're not going to have enough liquidity to be able to get into your move.

Or if you do and you have a bunch of shares or a bunch of contracts, you won't be able to get out. Number five, pick the three sizes that you're going to trade. So whenever we have a tremendous loss and say you lose like 40 percent of your account and let's say you're now shell shocked because you had a big loss, I want you to pick a very small size that if your life is on the line, it would not hurt you for those in a futures market that may be two contracts.

Then you're going to have your medium sized contracts that you trade or medium number of shares, please write what that will be for those in the futures market, that would be like 10 contracts. And third, you want to write down your large amount. So for those you who are able to trade size, that would be like thirty three, thirty four or forty one. And then step six, I want you to trade small size first so you can build confidence.

So this is a cancer like making a layup. So whenever you have a loss and hurt you, fracases, you bring your soul. Now you have to go back in small to build your confidence to see that you're able to actually hit your targets again and once you do that. So let's say if you are planning to take 18 traits per year, take them with two contracts, practice hitting the 18 and then size up after you know what your numbers are.

A lot of times traders lose all their money. So let's say you're trading. Thirty contracts and you lose 15 grand, you're like, let me go right back in and try and make it to 30 when you should probably chip away two grand at a time and see your confidence is back. Next week, I'm going to and I love tech, but I'm getting very fearful by 2013 that China will take us over as the number one superpower. We want to do a full breakdown on that next week.

But I want you guys to start doing your research on are you ready to add some fire back into the date night this week? Strength of seduction is the number one workout for couples. This program will have you sweating, smiling and connecting with your partner while building trust and intimacy in your relationship. It's easy. You can do it at home. No workout equipment or experience is required. Is perfect for both new and married couples, is great for all ages, body types and sizes.

And it has over six hours of hit, high intensity interval training, strength and mobility and cardio training. So you'll never get bored. And if you're on the go, it's available on your mobile and streaming platforms plus DVD and is currently supported by over 10000 beautiful black couples. Why wouldn't you join? So here's what you need to do. Visit w w w dot strength of seduction, dot com backslash E-L and you're going to receive ten percent off.

That's right. Visit w w w dot strength of seduction dotcom backslash eio and you're going to receive ten percent off. Don't wait, don't hesitate however they enjoy now.

Cousin Sal here letting me know that nobody does sports like Vandal's Sportsbook, all new users get a one thousand dollar risk free bet. When you sign up and make your first deposit, just place your first bet and get up to a thousand dollars back if you don't win. Sign up today. Fanjul Dotcom Lassalle twenty one plus in present in Virginia.

First online real money wager only refund issued is non withdrawal site credit that expires in 14 days. Restrictions apply see full terms at Sportsbook Dot fan dual dotcom gambling problem call one 800 gambler.

That because if China takes over and the number one leadership spot and the technology is already better, I'm worried about the value of our current market.

These are the top six lessons that I've gotten from John Templeton, please screen share these screenshots right now. One, all investing is global. So we used to be in a marketplace where the market was separate. It is not separate anymore and has not been for a long period of time. So once you make a decision. I want you to understand that all companies in all countries are competing globally, so I know some of you are looking to invest in Chinese companies, but you still have to ask if you give yourself access or exposure to those companies, are they still better than the ones in America?

If not, you cannot invest in them. There is no separate market anymore. All of them are together and tied together unanimously. Number two, always take a contrarian approach. So a lot of times, especially during a recession or a depression or crash, all your friends or family are going to tell you you're crazy. Don't touch it. Stock market thing is a scam. You're going to lose all your money. And if you buy bad companies, that is true.

But March of last year when we were getting on here and saying, hey, buy Disney, buy Apple, Murdunna Franklinton, don't attack because of quantitative easing, we knew that the market was going to go up. And here's one thing I need you guys to get comfortable with. No one is going to agree with you and your investment philosophy. That's why it has to be your thesis and your thesis only. Number three, you still have to make sure the fundamentals are good.

I remember Chandrashekhar coming on and being like, do you think Boeing has actually lost 70 percent of his actual value because the market fell?

No. And is not the best company. So if you compare that to a Microsoft Nvidia AMD who had great revenue, do you think because we dropped hard for twenty five days that those companies are not of value anymore? It's not true. Fundamentals have to be strong.

Number four, don't be afraid to make big bets. So there's a time when you should put more money into the market and there's times when you should stay away. When we have excessive crashes and we're down 50, 60 percent, that's what you have to size it. I'm going to be honest with you, today or tomorrow is not the time to put a hundred grand to the market. We're at the top of the market, you have to buy when things are at its lowest.

And that is because prices discount, there's no way around it. I don't care what you buy, real estate, businesses, stocks, you have to wait till things drop. Number five, and this is the issue that most people have. Please do not rush into a position. I know some of you want to buy a Tesla, but it's not worth buying a nine hundred. You know, it's crazy in a market as high last year when Elian went on Twitter and was like, hey, I think our stock was too high and he was right, and then it fell 30 percent and then it went back up.

So map out the areas in which you want to be able to get in and advance so you're not panicking and buying up bad prices and drawing down twenty five percent when you don't have to. And number six, this is the most important. Every time I face time, Troy, I'm like, bro, what are you doing? I know what he's doing because I can see the screen glare. He's in those charts and guess what? He does not have around them.

Ninety three people at the moment, when you are quiet and you stand away from the noise, especially of the Internet, you can do your own research on your own prices, where to get in. And that's going to give you your edge ultimately. There's been a lot of discussion of value versus tech and now as tech worthless in value there. Listen, it's very simple. People bought tech first because it can give the highest gains when nothing else is really going to go up.

Now, for banks and some other value assets are the only things that are remaining that have not continuously hit all time highs. I've said it before. I'll say it again. You guys are gonna rotate yourselves into poverty. But the only good deals that are remaining, if something is still 50 percent off and it may take you four years to get there, but if you can buy something that's 50 percent off hold for four year period. You'll be good, so it's not an either or bad it's not value or tech, it's tech provided the highest return on investment.

That's you're a player now value as your player. Now you can get some good deals.

And hopefully because you won't get the same return to the last year, maybe you can get twenty, twenty five, thirty percent and some value stocks this year, which is still absolutely amazing. I want you to look at a 90 year chart and I want to highlight the see really quick. If you look down here during these jobs here, here, here. Here and here, these are ideal times to buy, you know, when is not a great time to buy up here, you can literally go look and see and go back and that these are not the ideal places to buy.

Stay away from the tops, enjoy the crashes, load heavy. But when you do the work in advance and write this down, you can place a limit order, which means you want to get in at a specific price. So if we fall again, you'll get in at that low price, that discount price, and then you'll be able to write it up and be similar. Of the things that I want to point out more than anything is I want you to be able to buy great companies at great prices and not panic police tactics and chat recessions or opportunities to free our families of financial slavery.

Everyone that I knew that was rich, the 20 20 were elated. I tried to get someone to come on the show, but they like to be private. But I know some people. I was putting in 30, 40 thousand dollars a month last year, and as a result, it made them several million dollars. So if you can't do that, that's fine, but pick the number for you that will help you elevate and get your family out of whatever situation you're trying to elevate them into.

And I want to say this tech is not that you just aren't going to get 400 percent returns this year, I think last year, especially if you're new, you have to realize this is not normal. These kind of returns are not normal. The expected return should be seven to 12 percent if you're trading and you stay diligent to your plan, you should be able to knock out anywhere for anywhere from one hundred to eight hundred percent. The dream team may be able to do a little better, but the normal range is seven to 15 percent.

I think we've gotten so excited and so euphoric about the market that we think that we're going to print 100 percent every year. It's not going to happen. And I don't care how many of these four groups you're in is not going to happen. And lastly, I want to tell you what to do if we go through a lost decade of returns. So before the Nasdaq took off and Rucha said this a few months ago, the tech was overinflated.

And then if you go look, NASDAQ is now higher than the S&P 500, which the S&P 500 is the benchmark of where the market is, but from ninety nine to two thousand nine. The market was relatively flat, so these are the three factors I want you to consider if we do interrupt here, and I'm not saying that we will, but if we do. You have to realize, No one, this is a blessing because you get to get stocks at a cheaper price and build a base, so building a base are defined as a price where I can then either buy hundreds or thousands of shares at a low price type.

Yes. And if you wish, you could have got in on Tesla when it was 400 percent cheaper. If so, that's the equivalent of building a base for those who did it in 2012, 13, 14, 15 or 15 through 19, they made a hell of a lot of money by building that base at one particular price. Number two, money being saved equals less spending, which will hurt some of the products in the market. So it's going to be slower.

The reason why most companies do not want us to save is so that they and their families and those companies can get rich off of our spending. It does drive the stock value higher. But the best thing for your household is to save more and invest more, but if we go through a period, five years, six or seven years, I don't want you to leave the market alone. I want you to keep piling their money every month. So once we do have an explosion, period, you're able to get a multiple five.

That's seven extra tenants.

And then number three, realizable high interest rates. The funding will be slower. So there's a lot of facts that are coming out, a lot of IPOs. That's because the money had no cost with inflation and prices going up. The deals are going to slow down a little bit, and lord forbid, if we get to three and a quarter or four percent, something ridiculous like that, the deals are going to slow down very quickly and that we may even have a real estate crash after that.

So I want to share I got my family here with me. We've been parlaying all week. So really quickly, I want to share a couple of pieces of advice from you and their perspective. So for me, the number one piece of advice I wish that I knew going back to last recession through now is put every spare dollar into the market for 10 years. I know that's a tough ask sacrifice of people to make, but somebody wrote you you spend a lot of money on things that provide no value.

So if you stop happening DM's and try to fly girls out and get them DHBs, you will be able to have more money in a five year period because you don't want you anywhere.

You go right off with Deontae, so you get the BVO right and then from a trading perspective. It's once you have mastered. Your primary set up do not under any circumstances. My only trait that one system, because trade, as we all know this, especially if you overtreat new system, help a lot. So one day you're trying to arci and stochastic, then you're doing double moving averages. Now you're trading a daily open or you're trading high, low and close.

Right. And you're changing everything so much you're never able to get an edge. Same thing in basketball. You can shoot that rocket at the Alan Houston jumper. So like, once he got his form, he didn't change it every other week. The consistency and the value that is there. And I've said it a million times, even if Buffett told me to change when I said it was, I would not do it. That's how much I lean on it.

But I'm going to give you guys a couple of gems real quick and share with you what's one piece of advice on investing. You give everyone tonight that you buy over the years to prioritize it like you think you do your bills.

And it may seem like I don't have enough money to do it, but small amounts over a long period of time. Yeah. You know, reasonable returns. What's reasonable for you that you've experienced the last few years? 30, 40, 50 percent. That ain't that bad, my my boy. What about you? I wish I knew that. Small winds go a long way in that I thought I was too young to start investing in that culturally, we're kept out of the market for a reason.

And then if I ever started 10 years ago at 20 or 21 years old and I would have been retired and being out of the market and being comfortable. So I wish I knew that the power of compounding meant that I could take two percent a day and grow my account by 50 plus percent or more. So I wish I could go. What about you going for me?

I would say investing in quality companies sooner because I need to invest, but I didn't know what to invest in. So I made a lot of investments in companies that weren't getting me the right returns. So I wasn't investing in technology and things of that nature. So I just wish I would have known to invest in quality companies.

What's your favorite company to invest in Apple? Even though I don't have any Apple products, which is weird.

That's the same answer. I'm going to kind of piggyback on pretty much the same thing that Pete's, and it's just realizing that you actually have the opportunity to invest into the market.

And it's not for the rich and wealthy. If you just take a little bit that 10 to 20 percent that they tell you to put in your bank account, see, instead of just letting it sit there and interest of pennies. Yeah, you can make interest of dollars by investment to the market and really good quality stuff.

What's your favorite company over the last three years?

Apple. Microsoft. You are square. I do not have all my copy that the chancellor.

I have to go to my bed, Julie. So what was the biggest piece of advice you'll get? I would say to realize that your job is going to get you there. We're conditioned to be employed and that's not going to get you to freedom. So the market can get you the freedom that you're looking for. Get up into the information.

It's going on rather honestly, out to back up what you said, you know, investing every dollar into the market for my wife and I bought our house, we pretty much calculated all the money that we wasted in our 20s and 30s and comfortable in a number around about number between 20 and 40 thousand.

And if you would invested all that money over like a five year period, how much more would you have? A lot more.

I know you, Drew. I will say just start by starting to build on that and just learn from their growth.

And what correlations do you see in real estate and invest in the stock market that.

Well, you see parallels in terms of the lessons to follow, so you making money going into the new that's your alpha or your return is going to be based on what you guys are getting, because you can get a great company like it, even if you buy Apple at a high price, about a two hour price, and we take the two years or a year and a half to get a return on it. And then what's the biggest lesson you would share with everybody tonight that you want to build the will to do lots of it?

Right now, everybody wants to trade. It was I believe it. Yeah, so you got a lot of talk, so yeah, we'll talk to her. And so let's start there. And the reason why I wanted to highlight them, because I wanted to show the diversity, but also to show it's possible with us. And we've been doing it every week. But I think for those of you who are new, you need to see that people are working.

This is for us as well. Like I said, we were the first asset that was traded in the market. And I think we have to take full advantage of that together. And then once you build your own base, your own family, your own team, it's a hell of a lot more fun. And I think the good part is that I will attest to that. So trying to mark Mike in our group chat trap. Matt, will we get going is jump and so do our friends, people that you trust that are going to keep you accountable, execute.

And it'd be a hell of a lot easier for you guys. I man, not another great presentation, thank you for that, appreciate it. Thank you. Yes, but the about to jump on this one.

I was listening to this. It reminded me somebody put in the chatter and shouts old the and everybody on YouTube. It felt like I was listening to that Lauryn Hill skit like Love Lost Love. But we're talking about stocks. So I want to salute everybody that's in that room that's very powerful. And it's a testament to what it looks like when we come together for the same cause. So everybody in that room and salute. Yeah. Yeah, definitely.

You got a whole army behind you, but we have an army that as a fact, man, shout out to everybody knows out to educate themselves and taking the steps because there's never it's never too late to start. And there's never a little bit like people saying, like, you know, I only have a little bit of money, but a little bit is better than nothing to start.

Just start. And what happens when you start with a little bit of money and you see, like, not for us, you take one hundred, put it in and it goes to like one twenty five, you're like, oh OK, cool. Then you get to fifty to fifty, grow to eighty.

If you like me let me call my cousins and get three thousand then it's like yo ok. Now if you flip it to six give me half.

Don't follow with your family. But I think the thing that more that's really important is that we start small so we can build trust and see that it actually works. And then after it works, all of a sudden we magically find the money to be able to invest into the market. So those you are watching for the first time, you don't have to start with fifty thousand anything crazy, start with a few hundred and then build you out. That is a fact.

That is a fact.

So we're getting some training on topic before we go to questions, but I know you had some marijuana, I guess I guess is breaking news for us in New York.

And I love to hear your thoughts because we've been talking about marijuana for a long time. But like before we came on maybe an hour before, the governor said that we are really close to getting something passed here in New York about in regards to the legalization of recreational marijuana and marijuana reform.

And so that type of news, especially here in New York, is exciting because that's something that obviously we spoke about how can a state generate more revenue? And we said two things, right? We said legalize marijuana, which long shot. But now the governor saying that we're close and sports gambling. And so hopefully that'll be next. And so I was looking at the stocks and everybody, you know, if you watch CNBC, if you as we've been telling you about, can it be grow until Ray and Bill Ashram's VCF?

But also and this is this is something and every time I look at these singular positions and we know how volatile they are, I'm always thinking shoutings in my head, like, OK, well, where can we find an ETF? And so I did my due diligence, like you said. And any time you call me, you're going to see the glare off the screen because the charts. And so I found a great ETF yodo another one of those names that it's like that's fitting Guillot and they've been the performance over the past year has been great.

If you look at the chart, it's almost out of the recovery since KORONA And so that's something definitely that I would keep on my watch list, especially when we see New York pass it and we see New Jersey already pass it. It's just a matter of time before we start seeing the rest of the country start legalizing it for recreational purposes. And in tax is another ETF that I'm watching very closely. And I think you should, too, especially if you believe in marijuana.

I know we were talking about it maybe last year when we like you know what? You don't want to get into a space before some, but it's approaching very fast. It's getting there very fast. And so these are these are two stocks, obviously, or two ETFs that I would definitely keep on my watch list. If marijuana is an industry that you think will will blossom in the next two to five years, if not longer. So definitely put those on and until.

Right. Obviously we've been watching and I'll give you the ticket for T.L. or why. And can it be growth is we. That's crazy. That's one of those like that makes perfect sense. Yes. A weed is there to go. Yeah.

Did you find our. Just read it again, so every time you see my face, every time you do research, the rabbit hole gets deeper and I try to tell people and hopefully they'll understand that when you find one thing, you'll find the next. And so as I was, I was looking at Tela, as I was looking at can it be Growe? I said I my brother came to my mind, let me find an ETF that has these.

And so I looked inside of yellow and I looked inside of T and I'm looking at let's see what the allocation is. And lo and behold, I believe it was yellow, that no one allocation is village farms. I said, OK, well, let me go look at those farms and let me see what they're about. And so that's how I came about it again. Once you start doing the rabbit hole of research, the hole gets deeper and deeper and you learn so much more just from trying to do the research.

So this moment when we say do the homework, that's this is some of the homework.

I see my face when I left for Vietnam to be pretty, pretty damn good until it's been pushing out.

I used to hate, but eSolar, Salino, one spliff away keeps the evil away.

Just one, just one responsively another. Another thing about New York is is crazy about New York, because another thing that they was talking about was bringing casinos. Yes. Because obviously the economy got destroyed by Corona. So we're looking at ways to increase revenue and taxes. And they were actually. Did you send me an article? Yeah, yeah, a lot. A few high powered Las Vegas casinos have secretly been making their way to make an entry into New York.

There's a lot of rumors that New York is going to going to legalize gambling on a on a larger scale and even in a city, if not in a city right outside the city. So they already a couple of casinos that have their fingerprints on it.

I know. When was one of them?

MGM has tried that, but they're right now, they found four. They like to send for it. And so they're filing for their licensing. There's a reason why they're doing it right. There's a reason why they're doing it. And it makes perfect sense. Like we said, we have to generate revenue. We've lost billions of dollars. If you go to New York City right now, if you go outside, you like way not Broadway is not a ghost town.

It isn't open nothing. Where are we going to generate money? And so when you start seeing people filing the license and especially in gambling, the one group for sure definitely on my watch list. Something's brewing and it's bigger than just New Yorkers, New York. Biased, but we believe New York is the is the epicenter of the world. So when you see New York adapt something, it's not just like it's only going to happen in New York.

It's going to be a trickle down effect not only in the northeast, big cities, because everybody either has to compete with New York. So when you see New York do something like, don't be surprised if Philly and D.C. and Boston follow and then that that wave might just strike the whole country, Chicago.

What makes it interesting is that our neighbor, New Jersey, has kind of led the way in this, which is like crazy. We always think of them as like from Jersey, like a little brother. Right. But Jersey kind of shocked everybody from Jersey Shore and Bricktown knew all parts of Jersey. We love you south of Ireland. I got some family out there, but they've led the way. They've already legalized recreational marijuana and they already had sports betting.

And so we're watching this happen and watching revenue being generated. We're sitting here in a deficit is just a matter of time.

Ninety eight dollars that went to be pretty damn nice.

And d'Amboise and everything that they now listen to that once the basic rule, SFI to sentence Clipse and so so south to East Orange Man shot everybody out there in Jersey, don't they think? Well, you S.A.C.. And then, of course, you know, the governor in New York is embattled right now.

So that's interesting to see how that plays so well positioned move that he's doing now to get out of some of the issues that some political some political support. Yeah, I would I would say so.

And it was like I you know, it's interesting that after he stopped being a media darling, that's when all the tax was the cycle.

You guys should also look into who could potentially uproot him, too. Does that give some implications of what you passed there as well and who they have ties to?

I know I'm talking to cooperate with the Republicans. I'll make a strong push. Very strong Republicans are going to make a strong push to take over. So that'll be interesting. So, yeah, like politics, we haven't talked about politics in a while. I'm not going to spend too much time on it, but it's hand in hand with investing. You can't buy politics and invest investing go hand in hand. A lot of the stuff that happens is because of politicians for good or bad.

So it's important to keep abreast of your political views as your political views, but it's important to at least be aware of what's going on, because what's going on politically will affect your investments.

And the Republicans are going to use the same strategy that Democrats used against Bush and say, well, you ruined the economy, because when I was in New York, I'm like, man, I can walk down 50, 30 in the middle of the street and I get ran over like there's no traffic out there. So if real estate values drop, like most places are only at 20 percent occupancy, that's going to be on his watch, especially with all these companies going to Florida, coming out Texas, which is Houston or Texas, maybe to New York in about 10 years, if they don't get things under control and at some point they're going to have to tax part under control, there's is going to be very interesting.

He's going to have a tough time over these next couple of years. But that commercial real estate values being dropped so much, that's going to be one of the main things that people use Facebook that have a considerable position there. But if more companies don't, he's going to be in trouble. And I'm not going to give any more political predictions because no last time. Now I can't let it go right. I want to speak it into existence unless you're going to actually, let's let's talk about something real quick, if we can.

That's a hot topic. I'm stimulus check. A lot of people getting stimulus checks. So, you know, this might be the first opportunity. It was some jokes online about like, I get the stimulus and I'm about Oceanian.

You want Ruth Chris to bring out the phone with the other half. But but what?

You know, and all in all jokes, there's some level of like truth. So this is an opportunity for some people that, you know, they might be their first opportunity to invest. You know, it's not anything that's going to be life changing. What they might be able to invest a thousand dollars for the first time. They might have been piled up on bills. They might have been, you know, just living day to day. And this is the opportunity for them to get, you know, additional couple of thousand dollars.

And now they might be able to put it down. And also for some families that they can earn up to 80 to 100 depending on how much they make and if they have children. I know a family of four that makes under one hundred and fifty thousand. I think you get up to eighty two hundred. So you're talking about even if you invest half of that, that's a very nice starting point for somebody to be investing. So the next question is, OK, if I never invested, I got a stimulus, I got a couple of thousand or a thousand whatever which I invest, I'll let everybody give their two cents on it.

But we spoke about before, index funds is always a great way, especially for new investors. Beginners, you know, the Russell 2000, the S&P 500 are to probably the main index. Is it for investors. So if you're just starting out, you never invested ever. This is an easy way where you can go. There's no fees, no commission. You can invest your money, and now at least you can get your feet wet. And then also if you want to start investing for your child, you know, we spoke about this before, but every week there might be somebody new that's watching.

So, of course, you can open up a 529 plan if you are interested in investing for your child's education. Each state offers their own 529 plan. Depending on what state you live in. You get a tax benefit for that state. Or you can invest in an OTTMAR, which is a custodial account. And once again, you can invest in an index fund. You can invest in ETFs, which we talk about a lot, or you can invest in some of the companies that, you know are the most obvious Apple, Google, Microsoft, Cisco.

You know, like I said, we want to we talk about a lot of advanced high level stuff, but we can never forget that somebody somebody is watching that has never invested and they might be their first time watching. So we never want to go too fast that we're leaving people behind. It's the same thing that we've always said. Obviously, we said and he has reiterated every Monday, right. To indexes, to techs. And I always tell people, yes, that's true.

But if you're trying to find which are the companies that you should do, if you're looking at tech, I always tell you, look around you, what are you investing in? Where are you spending your money? Are you shopping on Amazon? That's a publicly traded company. Please invest. Do you have Apple products? Are you watching us right now on a MacBook? Do you use an iPhone? If you're listening to us, are you on earbuds?

If you're doing all those things, you're already investing. You're already a consumer in the company. Why not be an owner in the company? And so those are things that you should look at if you're looking at tech or where you're spending your money. Right. And I love you know, we had this conversation when we talked about Domino's being a tech company. Like if you're spending every Friday, you're getting your kids Domino's, you probably should invest.

It is crazy if Nike's a company that you're buying every month for your children and they're reporting their earnings this week, you probably should own some stock in Nike. Don't overcomplicate it. Follow your money. You know, it's a super secret. Samuel Adams, you got to look at the ticker S.A.M.. Oh, it looks like Tesla, but you gave it to Aubury.

Oh, baby, if I call something that I really messed up, Novavax and Sam Adams, I'll you to call last year. Sam Adams charged is insane. If we go to church tonight, I'll show it and then Amedee for those who are nearly 60 for it's good got a hold of a five year period with Sam Adams. You wouldn't think that would be one of those companies that are so dominant. But then and Domino's. I mean it's pizza and beer.

It sells itself, but Amdo, sixty four years ago as well. But you have to hope for five years.

Kevin Kevin playing on YouTube said, Can you show us step by step or how to get started? So I'm going to do this in two steps. So, Kevin, this is for you. You open up TD Ameritrade, you download the app. TD Ameritrade is free. No, TD Ameritrade is not the only app you can do Fidelity. You can do Robinhood. I'm just using it as an example. You download TD Ameritrade, right? You open up, you're going to open up a brokerage account.

They're going to give you a different options. So what kind of account you want to open up? You can open up an IRA account. You can open up a Roth IRA account, you can open Custodio account. But if you want to just start with yourself, you open up a brokerage account. They're going to actually like a bunch of different questions. Your level of investment, how much money you make that are pretty self-explanatory. You answer those questions now.

Once you have it up and running, you have to link your bank account. You link your bank account information with the brokerage account that allows you to transfer money. You transfer money from your bank account is going to go into your bank account, take a couple of days. When it gets there, you can buy the index. Spy is the S&P 500 index. You type in spy and is going to say buy and then you buy it. Yes, yes.

We talked about it before. Maybe we should just do it live next week.

Yeah. I mean, I don't know. It's kind of self-explanatory. But we can if if that's needed, we have to start. We have different types of learners, some visual. Auditory, right. Yeah.

So so yeah. So hopefully that was that was helpful. Yeah. Because there's always somebody that's like, well teach me you don't show me how. Try trying to open open the account for me. Well that's the next day. All I want to, I want to just bring somebody on for a few minutes because there was some some breaking news that broke out and this might affect a lot of people. So we have to always educate it always at every given moment.

See what is is he the. You know, Alice Sleeper. And for those of you that are in the crypto space, we are not going to ignore that crypto went up to sixty two thousand yesterday. We're not going to Bitcoin. Bitcoin went up to sixty two thousand yesterday, Paul. That is at fifty six, six right now. And we now know that in the past six days that that topic we kept talking about with Mark Cuban and Gary v.

NAFTA has been on fire.

That's already putting out as enough. Enough. I mean, I read Business Insider. They had an entity section on Sunday. I read Wall Street Journal. They had a nifty section, not an article and section. I read Forbes. Same thing. Sixty three sixty nine. Sixty nine million dollar purchase of digital art. Don't let that go. I got to talk to that guy, Dibbell. People, people. He's he's he's he's the guy right now.

Jitka, 37, is a decent and kudos Azealia Banks for selling their auditory. Sex tape or whatever crazy amount of said, now, wait, what did you do? Well, I got my son. She got on the tour.

Oh yeah, we'll do that later on next week when he's not around my dad. Go, go, go. That's trading up the door. Yeah. So, yeah. I don't know where our esteemed friend is right now, but let's go to some questions and then we'll figure it out, right?

Oh, this is I got to reclaim it from my second. And I'm reclaim home from you can take some questions that. Perfect, perfect. All right, let's talk a little bit with the king on my bet, Mike. Mike, what's going on? It was a muted hey, what's up?

My question is. OK, so the number four in the number of total trades that we supposed to take is that for futures and stock separate.

So write out the number for futures and right at the number for stocks. And then that has to be you have to be able to beat the benchmark that you have and the number of trades. So how many futures trends are you going to take for the year and how many stocks?

OK. All right, thank you. No, no, no, no, no, no, no. Oh, well, the totals will be 60. Training for totals. So I was thinking at least like 20 in futures. And then I was going to do the trades like I would do like like I do Lump-sum instead of doing monthly. Yeah. So I'm as in total trades. Well, what stocks are you looking at? Of course, Tesler, OK.

I'm looking so that right there will be majority of everything Teszler m'appelle. And of course, what you get is that because I have the one that I didn't buy much of it, I sent it to you and élite is taken out. So I'm going to ask you for another entry, 560, not for Tessa's is pretty damn good.

And what are you looking at? The other side on here, you can say are purple. I 2073. All right, but thanks things. There are. The purple globe is back, the purple globe is back, the purple globe is back. China has considerable risk. Special adviser. This is for entertainment purposes only. Oh, the old. Remember that disclaimer in the beginning up, please.

Must hold for five years. No trains, no short term speculation. He wrote, Please call amusia, so please, M.G. was going on mute yourself, you've been unmuted what's up, my brother?

Let's go. Let's go. Was good for the man we bless. You know, I'm alive.

And last I woke up today. Shout out to all of our nation now. And I was told you've got a studio audience behind the bar.

I got my drink to have a family with me when I come back. Are we all go come to coin's next to. Yeah. How deep are you right now? It's a few of us. You know, the drinking is not only the best trait is in a group like the most honorable people, like the people that you surround yourself with have to have great character. So not only like am I able to trust them, but if they'll call me on my shit, too, I'm not so similar like how you met.

So you need to I'm like brother to thirty and we need that room.

That's what I really has to be around us at all times. You can't have taken 40 people on this circle. We can't have no. Yes, Miles, you've got to be able to check people in a respectful way. So that way you can keep it mobile. So shout out to your dream team. Absolutely.

That's a fact that I want to bring that on, because he made a post about Freddie Mac lowering well, raising the requirements for one of their programs for four five percent down to 15 percent down.

And that's going to be effective April 1st. So this just seems like this is something that's important news and it's time sensitive because it's changing in a couple of weeks. So, you know, I thought that, you know, having him gone for a couple of minutes to talk about that was would be timely. So what's going on with that?

All right, so Freddie Mac can't possibly type that the comments in my. Freddie Mac, what's it called impossible. Freddie Mac 10 possible type out in the comments YouTube and type that in the comments. Freddie Mac can possible write this possible program. You guys on Google, you can go look at it for yourself. It's primarily for first time homebuyers, right? It's an income based program. So you have to meet the area, median income requirements in order to even qualify for this program.

So this program is not a very popular program that's out there because it's income restricted. Right. Can you guys it? There you go. Far away. So is income restricted? Right. So to find out what the income is for your area, only thing you have to do is Google Freddie Mac. Possible income limits, putting your address right now. And then the system, Freddie Mac's system will tell you what's the max income you can make for whatever area you're in to qualify for this program.

So there are restrictions to this program from the very beginning. Now, about a year and a half, two years ago, Freddie Mac and Fannie Mae and FHA are always changing. They got assessed first things first, I'm going to say. Right. The only thing they got was always excessive risk, what default and what loans are performing well, et cetera, et cetera, et cetera. So two years ago, they used to be in commercial.

But if you purchased in a low moderate income track and make it to where you didn't have no income restrictions, but about two years ago, they changed that no matter where you was purchasing, you had to make no more than 80 percent of the area median income. Right. So now what they did and this policy that I tweeted about a couple of days ago, guys, they made this change, this announcement to lenders back in November, December 20, 20.

So this wasn't new for lenders. Right. We know this was happening in the next couple of months. It's not like so when I tweeted, it's not like I just came out that day and it's only two weeks time. So we all know about this already. I just chose to tweet about it two to three weeks because for me, that's that's when it's most important, because folks who are just out there shopping, they're analyzing. They don't know what they're going to make a move or not.

I try to give you the news a couple of weeks prior to something that's happened. So that way you can make the necessary adjustments. Now, what they basically did was they said if you're buying a multifamily two family, three family of four family property, they're going to increase that down payment requirement from five percent to 15 percent down payment for first time homebuyers. Right. But but if you if you don't qualify for this program. Already, Fannie Mae and Freddie Mac for two family properties, they want you to put down 15 percent, even if it's your primary residence, right.

And if it's a three or four family property, if you don't qualify for this program, we have to put down 20 to 25 percent down. Even if you are a first time home buyer, this is your primary residence. So when I made this shift, it wasn't like a big deal for most lenders out there, because most folks who are using this program first did not even buy multifamily. Most of my buying single family problems, because this program allows you to put down three percent for a single family property.

That hasn't changed. We still do three percent or five percent with a single family property. But the multifamily was the big one because that's what I speak a lot about. That's most of my clients and city fitting into our multifamily properties. So that's why it was important for me to share what multifamily originating is, not the volume in the industry, mostly the industry. Single family problems. I'm saying so, yes, there was a change. Yes.

For me, how I originate and how I strategize with my clients. It hurts a handful of of my clients because now they want conventional loans. This program was there for them. They met the income restrictions and they were able to get that five percent for unit. But this is why I always tell people just because you're pre-approved, it don't mean anything. A preapproval letter is garbage until you get into contract and you have a loan commitment. That loan that preapproval does not mean anything.

And guidelines can change at any given time. That's what is important. If you are trying to buy real estate, you have to go out and execute because at any given Sunday, the guidelines can change on you. So it hurt those folks who wanted to go conventional finance and who qualify for this program. Right. But for the majority of my clients, are most of the folks who are buying with conventional I mean, with buying multifamily, they're all using FHA loans because FHA doesn't have these type of restrictions.

Right. So so there's pros and cons to everything. And for me, I try to share as much information and teach the people as much as possible about real estate financing. So that way you can use all these tools to build your portfolios. But this will definitely be a loss for a lot like my personal pipeline of prospects. They blew up a lot of people's dreams because they did not want to go FHA because they did not like the long term PMI that's associated with FHA.

They didn't want to have to be bothered with that. They qualify for the program, so they wanted to take advantage of it. So that's why I got to tell them you can't wait. I have a question for you.

How can we see how many loans are pushed through? Because I'm looking at the stock. So if you guys look at FMC, see in twenty sixteen, they actually go to zero. What stock is that?

FCC, Federal Home Loan Mortgage Corporation was OK.

Yeah, they want to play well ok. But pop back up to four eighty one somewhere like seventy percent and write it up to five or six. But how can we see how many loans are being pushed through the company incorporation while we're Fannie Mae and Freddie Mac ask for a public record.

There are, there are two largest entities that buys mortgages out there in America. Right. So they're buying every almost every loan has been originated. Well, first of all, let me tell to people so I don't want to go. Nobody says when banks make a loan, they're not they're not keeping that money on their books. If your loan amounts to a certain criteria, they're going to sell that loan to either Fannie Mae or Freddie Mac, which buys conventional mortgages, or they're going to sell that to to HUD, which is or Ginnie Mae, which is FHA loans.

Right. So these and the VA is going to go to the Ginnie Mae pool also. So they're going to make a majority of the loans that are out there. I don't know the exact percentage, but they're making probably, if I had to guess, probably 70 percent of the loans that are out there today. There's only a handful of fuel lines out there that's not being made to them. And that's what a lot of those that don't meet the loan limits and those loans are what banks are keeping their portfolios right.

Or those non Kumuls non-qualified mortgages, not mortgages, basically means it's something that Fannie Mae or Freddie Mac by example of a non-qualified mortgages, like a bank student loan. Right. That's a non nontraditional loan, hard money loan asset based on those on QM loans. So Fannie Mae and Freddie Mac are not Bonnel. So to answer your question, they're probably by 70 percent of what's been originating out there in the mortgage space, which is right right now.

I mean, I pay twenty, twenty, probably three or four trillion that was originated in. His record breaking. So you've got to figure they're going to probably get two to three trillion of that last year by themselves.

If you guys go look at FMC seeing from 2008 through now, that's a prime example of the base being built. I'm not saying it's a great company, but it dropped to zero in 2010. Nine. And the highest it's gotten to was in 2014 at five point ninety five. I mean, if you've got a 50 cent. Well, I mean, yeah, I mean, you've got to look at what happened in 2000 and it was a crash.

You know, there was a private company at that time, and then they had they had to get back by the government.

Right, to zero in. Yeah. I mean, which is another form of subsidies or quantitative easing and, you know, the different the different type of forum. But I mean, I don't think this should ever go back to thirty seven. But I mean and I'm not pro penny stocks but something as government back to, you know, it's like we go out of business. I wouldn't be mad, maybe want to stab at a 50 cent like seventy five cent in the water to five ninety three?

Well, yeah, I mean, look, you also got to look at who they're going to they want to take and Fannie and Freddie out of the government's control. So that's something that's that's that's happening right now. They want to private. Yeah.

They want to take a back problem. My back my phone was ringing. Yeah. They want to take it back private. So that's something that's something that's been in the works for years. And it's probably going to be to be back private within the next year or so through private equity or going back through to the stock market. Probably a little bit of both, to be honest with you, that I don't really know. I'm not I'm not, Bill, so I'm not.

Yeah, that's a homework assignment for the night. But I definitely know it's going to go back to private ownership at some point. OK, so you said the business from five percent to 15 percent, that's the numbers, right? Yeah.

And again, guys, that's only make sure I use your computer right now. I want you to do me a favor, right. Type in Freddie Mac. Possible income limit. Right. And I just want to show you how easy this is, the kind of what the income limit is for your area. Right. We're going to do this right now. All right. So tell me when you see that first. Like that first, like it should say, like Freddie Mac income tool or something like that.

I'm going into. Look at you with the call response. See, this is this is a single everybody else doing it. Do it as well.

Everybody do everybody do it at the same time to Freddie Mac and possible income limit. And then that person like you see, they'll probably say Freddie Mac income to correct. You see that right now.

You see that they see the map that came up right up eligibility map. All right. Now put in your zip code. Everybody at home, I hope you're doing everybody at home, but he isn't called now, I brought up you see that little chart that came up, right? It now shows you what the income limits it says 80 percent armi Freddie Mac possible income limit is for whatever zip code you just put in. You see that right there?

OK, you see, it was the income limit for whatever you put in. At the one I put in, it says one hundred and ninety five thousand now you put something on it.

No, that's like this contract. But I do got a question for you. How do you think we'll have a real estate crash? I don't think it will be a crash correction. Two to three is OK. Two to three is and I think the government I think the Democrats want to keep pushing to shut it down again. And we need to know in two weeks. The eviction moratorium ends in two weeks from March. Thirty first twenty twenty one.

So we got to see this week. We might have some news about that from the higher ups, the powers that may be they may kick it down that down the road, who knows. Right. But in two weeks that eviction is coming up. And then I think June 30th is the date when foreclosures can begin again. So that's another important date is to know if they actually want to keep that date solid. June 30th. Twenty one. Yeah, that's the date.

June 30th is that date where foreclosures can now start again. So it'll be interesting to see if they will extend those dates or let it ride. And I think it all depends on covid and how people are reacting to the vaccine and if it's really going to as it is right now, is effective or not. But if they if they don't push those dates back, you know, I understand this from the very beginning. I think in the twenty twenty two, twenty twenty three is one on one.

We're going to start seeing those covid related cases come come down the pike. But I want everybody to understand one thing. Crashes happen because of supply and demand. Right now, we don't have a lot of inventory in the market right now. So we're going to see a buyers market. There has to be more inventory right now. It is way too many buyers out there in the marketplace and not enough inventory. And when inventory does come sell so fast that you don't even have an opportunity, you can go to any open house in any city in America right now and you'll have a line outside the door for two to from cash offers to some cash offers to people who are taking out loans.

People are going 30, 40, 50 thousand above. Asking price right now is absolutely insane what's happening in the marketplace. So until we get more inventory in the marketplace, this is going to be a seller's market for you guys who are looking to real estate investment. Get into flipping. This is a good time to start flipping homes, right? If you are looking to do buy and hold, you got you all evening looking for your first house.

My advice is try not to spend retail prices, try to look for those ugly homes, because now more and more important than ever, you have to go. We have happened under construction because that's how you protect yourself. If the market does correct this 10 percent, 15 percent and a couple of years, you'll buy undervalued property right now. And you put in that equity, that money into it to build up that equity. I see what happened here, I think maybe because I'm on my iPad and pull up, but it does give you the example.

When you go down, you scroll down to the screen, it gives you an example of a zip code in Virginia. And I see here that it says home possible income limit is ninety five thousand nine twenty days.

That sounds about right. So so anybody can do that in any city, any county. You can put the if you're looking at a particular property, you can put the property address in there and they'll tell you that your income can't exceed X, Y and Z. Right. So it's very simple. It's very easy to use that that that tool to figure out if you qualify for this program or not. But you got to think about it. Ninety five thousand is the max for whatever zip code you put in.

If someone makes ninety seven thousand, they don't qualify. So if they were trying to use conventional or multifamily, they was going to have to put down 15 or 20 percent anyway. So and I want you close to this one on your page earlier, and I was reading the comments. I think there's no doubt that there's a lot of racial things that happen in our country when it comes to, you know, lending and buying real estate. But I think we've got to be very careful every time a policy or guideline changes.

We can't always consider ourselves the black people. White people are learning something and they want to change and they want to move the ball. Some of these things just happen because of risk. You know, I'm saying like people are buying multi families and using rental income to qualify and they really can't qualify for these homes. Right. And rental properties are high risk and high default. So lenders are always going to protect their bottom line because they cannot they cannot go to another two thousand eight.

We cannot go out of business. They have certain thresholds and requirements that they have to meet to stay in business. So when the government or these agencies that bodies loans make these changes is not really a black or white thing, because these policies guideline changes that affect black people and affect anyone who's looking to buy a home to qualify for a mortgage. So I want to now I'm not going to sit here and say there's no racist things or discrimination in real estate because that would be fucking glass.

But, you know, I'm saying it will be ridiculous. I don't think this a lot of people are saying that, all right, people learn something. They want to move the ball. I don't think this was one of those situations.

But if you look in aggregate, though, not cut you off disproportionately. I wouldn't say that we're a paper. So if you look at historically what our credit profile, what you got single Google Research, we do fit a certain profile. So now once we finally get an edge, if we don't have the credit necessary to get the funding for some of these things, some changes do happen when you get what. But I agree with that. But then we got to go.

We got to do to get our credit. Right. And sadly, while we found about all the family credit scores. While we are out shopping every weekend and going and going and going out to eat and stacking chips while we not making necessary sacrifices, and I just want to play devil's advocate to my for content for, you know, because people are coming to you, too. But if you even if you look at ETB, which is a Homebase index to last year, it is the highest it has been since 2008.

So what I don't want to happen for a bunch of us to jump in and then we get hammered and then all of a sudden because any time a crash happens, they always want to blame us, which if anybody was a real estate in 2008, we got the brunt of the blame. And that was not the reason why the market fell. At all, who got the block, who got the ball in the brain, but we got there was a lot of wire people leveraging about houses and they couldn't afford them.

And it was the credit risk profiles. Like at the time, Wall Street didn't care because you can turn to paper so fast and bundle of products up and sell them. They didn't care like. Our friends in the mortgage industry, those getting no stated income, no doc, and getting several hundred thousand dollar homes, that's not an issue with the people. That's what the banking institutions they want. And it's no different than now the Wall Street bets and then the cycle of bubbles that we go through, they're letting the deal flow go through and they end up blaming it on a consumer.

I think the crash, because I was original loans and moving to shaken up time, I think everybody was to blame. Everybody was greedy, right? It was the banks. It was Wall Street. It was the mortgage brokers. It was the appraisers. It was the consumer. Well, I cannot tell you how many times I told people you can't afford this house. They're like, look, if you don't get your boy down a block so you can give it a loan.

And I want to buy three homes at the same time because I know I could do a hundred percent financing on all three because the banks and I can check. Right. Everybody works for everybody. Everyone is exactly the banks for 100 percent. We can blame nobody. But I think for me personally, I think everybody had was to blame. There was a lot of people that took out loan products that they couldn't afford for whatever reason. But there was no system.

There was no regulation. There was no technology that they didn't care because Countrywide didn't care about the underwriting that their point totally out of was underwriting. They didn't care because no one was there to regulate them. You know, there was no regulation of the wild cowboy days. I mean, I knew some mortgage brokers that was going to points on the back and two points on the front.

You're speaking to one guy like I can't tell you it ain't even a no regulation.

That is a regulation. Like if you let things run wild, you know, and then you're doing like credit risk modeling, you know, that the ship could blow up. They didn't care because I knew that there was when they built up the bailout, the bailout or not.

One hundred percent. Yeah. Everybody went, look, I'm gonna tell you this. Everybody went, wow, man. Everybody went, wow. But obviously, these are different times. And this is why you see so many guideline changes that happen now is because of what happened in the wild cowboy days, because I can tell you that will not change rapidly back in two thousand, three, four, five, six, seven, like they do right now.

I'll tell you guys, if I showed you guys my emails, when I show you policy emails and guideline changes from different agencies and investors, got bad loans from us, like it's crazy, like to keep up with this, like some days I'm like my head is like when you guys trying to shout coming from oligarchy, I'm talking like I got to I'm like I'm knee deep in. And, you know, I'm saying because I got to I got to stay upon it.

The way you read the charts and you all you're doing is the same way I'm in my mom's is my Bible. So I'm like I'm a guideline goc like I'm in this every single day and I'm telling you guys there is a lot more coming down the pipe that I haven't even mentioned yet. And it's going to affect a lot of people out there who are trying to buy real estate.

And can you can you mention it now or is that like a secret society? No, I, I tell you one thing that's about to happen in April or so, and a lot of lenders already started pricing their loans out with second homes and investment properties. Right. That are you going conventional. They're limiting how many loans they're going to start buying that are structured as second homes and investment properties. So now the risk back on those loans, there's going to be price then.

So interest rates like two weeks ago on investment, probably. I could have probably got someone in the mid thirties on a 30 year fixed for like a vestment property deal today. That same deal is probably mid floors to high floors right now because they already priced in the risk factor in this. So when it comes to buying investment properties and using conventional finance and the fact is it's going to become more expensive because there's less loans that the agencies are now going to buy from lenders.

So. You know, again, that's going to affect interest rates when it comes to folks who are looking to buy vacation properties for investment properties using conventionalized and that's why you you have as many as a mortgage professional. I have to have many different outlets to get loans done. Right, because if they don't fit this one, criteria are going to be able to go somewhere else. So that's one thing that's coming up that I could talk about because it's already being priced into the market right now as we speak.

Although the government you're saying they're going to start reducing come April, lenders are already pricing that in this kind of like the refinance. We got a couple last year. In the last year, they had like a refinance bottom right at me. And I was talking about this. So they had to refinance. But I think it was supposed to start in December. But I was like, no credibility price to them. And it was too much. It was like October when we were talking about this, that we had 50 basis points.

It was already priced in. So when things like that happen, lenders, we act accordingly right now because we don't want to be left holding the bag, because if we accidentally forget to price out a loan accordingly and we try to sell it, then Fannie or Freddie is going to come back saying all of money and the banks are not trying to pay.

I remember that conversation. And you like we're not going to hold the bag ourselves. We don't push that back on our clients. So that's crazy that this is all coming back into play. And I'm not going to be mad if we continue at this pace like. That is peak in two thousand six forty five bucks. Sixty seven minutes crash in two years is going to be. Terrified and I don't know if quantitative easing will be able to fix it, you guys need to look at housing data and see how quickly these homes have gone up for sale.

And you can tell me what you think, but this feels like two thousand seven all over again in the housing market, not hell, no hope.

It was like the worst thing I'm going to say to people.

I'm going to say two years when this crash comes. Do not say we didn't tell you.

All right. So let me ask you this. How much you think is going to be a crash, if it's going to be a crash? And because you the percentage got what is going to drop 10 percent, 15 percent? What is going on?

Thirteen point six to seventeen max, thirteen point six to 17 percent Max. Now, let me ask you a question. How much did they drop during the Great Recession?

You look. So I saw that I thought it was blinking, it's battery is battery is breaking due to selling as the battery. It was blinking. It was blinking. We can hear the voice still made it known that this is just the.

The ball is coming up for the first time. This is the market. The big show is good. Real estate or stocks.

You just told me personally, I don't think is going to be a crash. I don't think it's going to be nowhere near like 2007, 2008, 2009, because that was a credit crisis, right? That was three. The crash was caused by greed. This this right here is health. Right? This is virus. You can't there's no one to blame. So this is why the government has been bailing everybody out this time around. Do you think about back to 2008, 2009?

And I mean, it's highly documented movies like The Big Short, etc, etc., where the government didn't want to build these fools out. They were apprehensive at first, but obviously they did it. They had to put on a movie show, but they bailed out the big boys. They didn't bail out Middle America.

They didn't want to do quantitative easing this time either. But they had to because if not, they would went to depression.

We don't we went to hell in a handbasket if they didn't step in and do the quantitative quantitative easing. But I don't personally think there's going to be a crash. I think there's going to be a correction. I think it's going to be 10, 10 percent, 10 to 12 percent decline. But this is why I'm I'm preaching to folks, hey, if you want to go out there and buy right now, I would advise you to probably buy something that needs to be fixed up.

Right. So that way you can especially if you are one of those people who are not buying for cash flow. You you've got you've got to you've got to buy below market. Buy below market. Please use these. We have programs, fix these homes up because there's plenty of homes out there that just need some TLC and you can ride that wave. And if the market does decline 10 percent, 15 percent, 20 percent in two years, you're not going to be affected that much.

Not if you're buying 50 percent. Fifty thousand, fifty thousand above asking this up value right now. That is a fact that knocked my lights off. I love it. It's not a problem, but the guideline code, I like that.

And that's what you get to show me, that 70, 75 degree weather early in the group bragging about bragging about it while my dad was getting blown down the street. I got to get back to the human race.

We all have freezing my ass off garbage. That's why I'm in on a beach in Houston.

I'm not a Galveston truck.

I'll go south all the way to Galveston, Texas. A big day. I will say this.

Everybody needs to go look at the Case Shiller Index. The. Yes, I agree. OK, so now Powell and two thousand in. Let's go to 2007. It was that 180 we're right now at two thirty four, thirty nine. The highest rate has been of all time. What are you referring to? Robert Shiller, S&P Case Shiller National Home Price Index. Everything is overinflated. Oh, that's a fact. Everything is overinflated right now. There's no debating that, but I don't think we're going to have two thousand.

Seven. Two thousand.

To have a 10 percent to 13 percent pullback now, because if you look at the numbers and the homes decrease, I think it was around twenty, twenty, twenty five percent back in the crash. I know the Great Depression. It was 30 percent and that was the worst on record. I'm not saying that I'm not I'm not in front of my computer, so I'm just trying to go off a memory. But, you know, even if you look at 08, home prices did decline.

It was like 15, 20 percent. So I don't think this time around is going to be that bad because homeowners have equity now. That's right. So I think a lot of folks who are going to find themselves in a position where they and where they need to get out of their homes, they're going to have the ability to to sell because the homes have been overvalued for so many years that it's going to take time for it to start drastically dropped.

You've got to remember when when 08, 09 came, the home prices. You know, it took a couple of years for it to continue to go down from nine, 10, 11, 12. And I think around 13 is when we started seeing an uptick, a slow uptick back in the market to where we are right now, where I'm many trillions of dollars of quantitative easing to keep the market afloat to do that because my dad's and construction.

That's my point. And then last year when I was like, hey, it will take 20 billion or 50 billion for the market to float. People laughed. And it's like we're throwing around billions, like people throwing around seafood and crawfish boils in Houston for after the stimulus is taking a lot of money, but that has like crab legs.

Everybody has that cost.

We cannot continue to rob Peter to pay Paul all three things afloat, because technically, if we're looking well, we drop to last year in terms of the market is where we naturally should have been without quantitative easing and everybody be thing. And I'm like, but you can't name 80 companies that are producing the kind of revenue that they are like. And then the job market still has not recovered from two thousand seven, two thousand eight. That's what the gig economy is doing.

So while everyone's getting excited and before everyone starts flipping, I know some may not say it feels like twenty seven. Twenty eight. I would also have you guys if the price of copper and lumber and do a comparative analysis and see but. Yes, and it takes housing crashes a lot longer because there's a lot more systemic risk and levers they put in place so they don't happen. But. This downside is going to be. And I'm not like a piano player, so I'm not like, yo, doom and gloom guy.

That's not me. But we're going to have a pullback that's not 100 percent.

I agree with you. I definitely think there's going to be a pullback. I think I think you should buy real estate in any market. What is up, down, left or right? Bad.

I'm proud, Marquito. Right. I think you just got to look at the numbers and no matter what arguing, because any like I get girls all the time from obviously people I'm Bill allows for and some of these markers when I'll be looking at bills and I'm like them, I never even heard of this place and what the numbers are like. Amazing numbers in my Arawa cash and cash, like everything is top rate to go on my go. This is like not bad.

I didn't never think about this place. Right. So I think you just got to analyze the numbers and make sure that it's are paying you kind of the diligence that you buy rental properties, make sure people are paying their rent, get documented proof and have your reserves. Most importantly, you know, out of anything, have you damn mazuz because tenants are not guaranteed to pay your mortgage? You can lose your job at any given any given Sunday.

So you got to have that reserve there to cover yourself. God forbid anything happens. So I think people should definitely go by money. Still cheap, although interest rates have gone up over the last over the past 30 days, I still think is a great time to buy. We're buying right now. It's great, right? Cash flow is amazing. So by what be smart and understand that if you're not ready to buy, build your foundation. That's what education.

Educate yourself as much as possible. Go on the process, stack the chips. If you get mistiming, put that in the market, make some money real quick. Listen to listen, listen to market Monday every Monday. Watch it, learn from it. Apply that stimulus check to good use. Right. And make some money. So that way if there is a 10 percent, 15 percent correction, two years, not only will you have the knowledge you'd be ready to execute, but you have capital.

So now you can take advantage of a ten to twenty percent dip in the market and still make money.

M.G., M.G., have you ever thought a question? Have you ever thought about having a podcast? You're pretty good at this.

Yeah. Being that you just ask that question about heaven, I'm thinking about having a podcast is going to probably come out on the network, shout out to to do more content for me to come on, don't get lonely about content.

You'll be doing twelve thousand videos at the end of the savage like this dude is. Definitely I am and I have two videos about twelve thousand. He like yeah let's get to I'm coming to the studio, I'm like I pull up but yeah we got the, we got the podcast ranting Jim's podcasts coming on our network. It's a real estate podcast. We'll be just going to me and my co-host. So we talk about who to call or shall we wait.

Paperwork, paperwork.

Zinman you can say nah nah nah nah nah nah. Anticipation. What would you do with the paperwork?

The paperwork is in, but we're not going to tell you what to call Hollis's at CENTCOM because my cohorts like to do things in a certain style and style and class. I got to make sure I match that energy and that is a lot. But the words you just chose there, yeah, this is a super smart it's a super PAC.

So, yeah, it's called the biggest in the game. It is called. I do have a question at one price or what percentage is money no longer cheap. When would you have people start buying.

And we'll never stop buying. I think you should always buy low interest rates, go to 13 percent to buy. People in the 80s were still buying a 13 percent. So what was the difference between the nineteen nineteen eighty to eighty three cycle that made them a viable option? Well, I mean it was a lot of different factors in a world 30 plus years ago. You know, I'm saying but all the thing I can tell you is I don't think you should ever stop buying real estate if you are invested.

Right. If you're just a person who just wants to buy your primary residence and not invest and be a landlord or a flipper, then OK to buy your primary residence and also ship. Because I'm an ownership advocate, I don't care if I'm multifamily is best. And my thing is the black homeownership rate is forty four percent. We need to get that up. Our white counterparts at 67 percent. Right. So my thing is, let's get this homeownership rate up.

We need to buy some stuff and we need to own. That's how we take back our power. And I don't care what you're buying, just buy some hish. Now, would you stop buying? No. What was the second part of that question?

Because I went on a rant that said, well, no, no, I get it. But at what point? Dependently.

Let's say if the average return for. A suburb, well, let's say Peoria, Illinois, the average returns five point five percent, you wouldn't tell them at nine percent. Interest rates are still. And that's in that climate, so that's a cut off point, because just like there are certain prices I would not buy saying, like if I was worth five hundred grand, I don't want to buy at the top of five hundred dollars.

We buy we buy homes right now at 12 percent interest rates on our money. Right. Because we invest in. Right. And we're looking to fix and flip that property so we don't really care about the interest rates. So all depends on what your goals are, which I mean, what are you trying to accomplish if you're buying a primary residence and that rate is nine percent unless you say your mortgage payment will be three thousand a month, what you that same option to rent now is probably going to be thirty five hundred a month.

Right. The mortgage is still going to be cheaper paying your rent. So I think when it comes to owning relationship real estate, it's a little bit different for me than stocks.

Right, because it's a because, you know, the time to talk together is tied together. But if somebody is going to live in the house and they need a place to live, there's only two options that you buy. So at the end of the day, I would rather you buy some ish man instead of renting and paying a landlord and you can rent and gain your own tax benefits, your own equity in the property, even if you're going to pay a nine percent interest because you still got mortgage interest deduction, you still going to get a great tax break for paying that nine percent interest.

So there's always going to be reasons why you should still buy real estate, in my opinion, when you go buy me.

Also, you can do a versus gravity for this. And don't let me pop open about a Patronus in front of me.

No, no, no, no, no, I'm not. It's not to kill them Monday to kill a product. I do that.

Oh yeah, yeah, yeah. My bad. You know, we're going to talk three hours of accident by accident.

I like that one. I got to use that one now. And my God, I love you and I love what he what he represents, what he stands for. He taught me so much time and try shout out to them. They both the mentors. I can't tell you guys how much I learned rishard and try to I'm not going to try to downplay this to what you guys meant. I'm just super blessed to be able to chop it up with you guys in a group chat and just be a fly on the wall some days because I took some air.

Should be over my head. I will hold you up some days. I'm like, I might be going too hard for me. Let me get back to the real estate.

Let me see. Let me see. Let me see. It's a special report. Can't I can't keep up with that. I'm going to. But it is a special report.

Let's talk about the border, those who are outside and your stocks. If you look at the Buffett indicator, the value of over was strongly undervalued or Susan, over eighty eight percent. In February, twenty twenty one, some of the things one of the biggest things my dad, I was telling, like the money is made on a personal trainer. I just want to make sure people aren't buying at the highest I because, you know, so happens they don't come by.

Hey, Matt told me no matter what price I buy an interest rate.

Hold on, Brian. M.G. disclaimer you better do your research. You better do your research. You better understand what you're getting yourself into. Don't be house rich, cash poor and don't come knocking on my door if you can't afford it because I told you don't buy nothing. You can't afford to have your MGE.

How can you stay on the line? Because we to take it to a few questions, because there's a bunch of questions. We'll take it to a few questions. But before we do that, we're going to bring it back to stocks really quick on my earnings, the earnings reports, because there's some companies that are coming up that we have spoken about before and they're having their earnings this week. They're cool year. We got perfect.

I didn't know activity to come up in five minutes. I know there's a whole debate.

There was no five minute singing reference. Intransigents, baby ranty. Come on. Appreciate you.

So this is a this is a market Monday first. So this earnings report is being sponsored by letter. All right. So at twenty six, the best decision I ever made and think to my brother was shot was getting life insurance at twenty six. I had no kids, I had no wife and thirteen years later I have both. So the question was right, why not put a little bit of money away to protect the ones you love for in the future?

So if you're asking yourself the same question, I want you to check out later that it makes it impressively fast and easy to get covered. You just need a few minutes and a phone or a laptop to apply.

A lot of smart algorithms work in real time, so you'll find out instantly if you're approved, no hidden fees and cancel any time. And since life insurance cost more as you age, now is the time to cross that off your list. So check out later today if you want to get into the improved go to ladder life dot com slash market mon's. That's a DDR life dotcom slash market mon's ladder like dotcom market madness. Check them out. Don't hesitate.

So this week's earnings. All right. So this is a company and I'm glad you mentioned Trappe because he was stressing it to us. And Ian, I know you're big on it. Crowd Strike is reporting on Tuesday after closing hours.

And another company that he stressed, and this is actually in the wealth pack five below is one of the companies that he speaks about in, well, child to the plot to generate wealth. Of course, the shouts of traffic out of the channel. Yeah, that that is reporting on Wednesday after closing. And then one of my favorites, obviously, I spoke about this on the Breakfast Club. Nike is having its reporting its earnings on Thursday after after closing that one.

Forty four right now. The high was one forty seven. If you got in Nike and I believe it, you probably have a better memory. But I believe we said this like in June and bam, you could attest to it too. We will try to get one hundred and five dollar calls in June and that thing just rains up to got up to one forty seven, said one forty four right now. So it's a little bit off is all the time and they're going to be reporting their earnings.

So those are the earnings for this week. Obviously there's more companies that are reporting. We know that, but these are the ones that we have spoken about. So I just want to make you aware of. One thirty four, Nike's good, you haven't begun Nike for several and check your battery back, so check your battery.

Oh, you watch.

It was only supposed to be five and you dream.

I better get going five to get you 50. Let's go to Tracy. Tracy, you are unmuted you yourself. What's going on? You got you got M.G. you got us. What's going on. We don't do that. Oh, Daigo. Oh, hey, how are you? Great white guys doing great. How are you? I'm doing great. Great. Thanks for calling me while I am so quickly. So I read about this company, that is.

I'm sorry, come in. Here we go. OK, so this company is going public in a spot deal. Spock is a special purpose acquisition company and I'm sorry, I don't know if you guys are talked about. I may have missed it if you did. So I read up on it and they're called they're also like another name form is Blank Check Company, and it's like a shell corporation listed on the stock exchange exchange with the purpose of acquiring a private company.

So I want to know. So I want to know if you guys know about this and also like, what does this mean to an investor like you do your research that you guys teach? Does this can you tell that this company partnered up with this with this other company to go public and had like like does it look like they're hiding anything? Like what does that look like to an investor? Which which are you looking at that you have interest in?

Well, the problem is I can't really say which one it is. Hmm. I can't really give that information to the danger.

What have you do is go look at the number of specs that went public this year and then also to this most important thing after two years, was the spec still profitable or did they just have an exit for their own investors? Because most of the underlying assets were not good after that two year period to just Google that and then see and then you'll be able to tell from the other funds they've had.

If the company will stay up for majority of the period of time, 90 percent of them do not go back to an all time high already.

Banks is going crazy right now, already at all time on the spectrum, a great for the fund managers and people that present them, not for the retail investors that are holding them after the fact.

Thank you for saying that. OK, so. So does that mean they're doing well for two years, but after that they're not. If I sold you a house for one hundred thousand and the value grew to three hundred thousand, but in year two, you found out all of the houses in that area, which happened in my city is Kommandantur had led under them and then their value goes to forty thousand. Is that a property that you want to buy, Nosmo?

No. No, that's most of it.

Now you'll be able to find five or 10 percent that are good. Most of them are terrible. The. OK. OK, thank you. Thank you. Thanks, Tracy. Josh Brown, we talk about that with Josh Brown. I get him back on. But just the latest dispatch craze is at an all time high right now.

One more question, Aaron.

We're coming to you on mutual self. You've been unmuted on what's going on. Hey, guys, how are you? Great, how are you? Good, good. I have a question for you. Still on the line, Angie. I'm here. OK, so my question is, if inventory is low, right. And you're saying that it's less attractive to go traditional for multifamily rental, what is your advice if you go the hard money route in regard to interest rates?

All right, so let me clarify that. In today's market, when you go on multi-family markets vary widely, multifamily or single family. If you're making offers in a smaller this fall about your terms and conditions, so certain certain loan programs, for whatever reasons in the marketplace, when you with less than agents and sellers, when they hear FHA, when they're HINAKO, they hear 100 percent, 100 percent financing ahead down payment assistance. They automatically frown upon that because they look at those as those loans will be a little bit more difficult to get financing and close.

And when you have 20, 30, 40 offers on the table, you can kind of pick and choose what you want. So that way you as a seller can get to that table as quickly as possible. So for me, I look at every mortgage as a tool. I'm not against one loan versus another one. Every everything is a tool. But when you're using hard money, money is used specifically if you are buying distressed property or property of these rehab and you want to get that, you want to get the rehab money to fix the property and also require it.

So we're not really necessarily looking at the interest rate, so to speak, on those type of deals, because that's not traditional finance and it's not your personal name. It's in your LLC. You can close in three days, the seven days, what have you. And the whole thing is you want to be able to close tabs because most of the folks who are using hard money, they are buying at auctions, they're buying foreclosures, they're buying super distressed properties that conventional or FHA loans typically wouldn't finance anyway.

And those folks are investors. Right. So if you're going to use hard money like like any investment, you have to know your exit. So because flips do flop and you have to make sure that you know your exit strategy, meaning you know how to refinance out of that hard money. Worst case scenario, that that flip doesn't sell. And you need to turn that clip into a rental property. So anyone who's going out there looking to use hard money don't be discouraged by the interest rates so much because you've got to look at the means to the end.

Right. If your goal is to flip that property, make sure you have a good tight contractor team, make sure you have a great real estate agent and make sure you can get some buyers in as quickly as possible. So that way you can flip that property. And if you can't make sure, you know, with asset based lenders you want to use to refinance yourself out of that hard money because hard money terms are 12 months, 14 months, 18 months typically in the marketplace.

So you're not going to have a lot of time with that loan. So you have to be prepared to get out of it. Right. OK. I appreciate MRG, I appreciate all you guys. Thank you so much. Thank you. Coming up, presidential not right. This is a first man.

Rasha left the building, but I think you can bet that Rantzen is going to be fired. I could just feel it. This is going to be something special. You got to make sure we got all the makings. It got all the time. And I must say this right now, you know, Rantzen James is going to be the number one real estate podcast in the world to take the take over the break.

So that's a fact. You already know what it is, Illmatic. And I see that nice couple, but I like New York state of mind that we all had. We taken it. So we don't care what you are the biggest to love it.

I love it.

In fact, mmHg, always a pleasure. My brother, this was this was this show. We didn't plan for it to go in this direction, but it was dope. This is dope for me to have this conversation happen. Light level debate. We talked about stocks for like 40 minutes and then real estate about 40 minutes from a little crypto in the kind of back and forth for a little bit. And it was like first take.

It was like ESPN first take, you know, it was great. Thank you. Thank you for having me. Great content and appreciate you for coming on, brother.

Look, first of all, I want to tell you guys thank you. We appreciate what you guys do every single Monday. I've seen you guys at six a.m. flight to be back here on Monday to make sure, you know, things are moving to where it needs to be. So I appreciate you three, four consistently. It's spent a year now, right? We're coming up.

We're approaching the coming on it coming off. Coming up. Coming up.

We're fifty two weeks. And I think the only time you guys took off was New Year's. You know, some things is real consistent, man. The free game champions, the free game goals. Please don't get a twisted John. This is the free game chance. This is not something that just came out on covid Rashad Troy. They've been doing this for years. The free game champs. And I need people to understand what you guys are witnessing this history, because ain't nobody putting out this amount of content is still free.

Nobody I know anybody. I dare anybody. Some tell me anybody else in the game as these guys are for free.

I to ask you how how soon before you think interest rates bump up another two percent. Oh, that's happening within the next 18 months, you'll see 18 maybe. Oh, baby, let's speak about this. Hold on.

Can we get two more minutes before interest rates go up two percent and people freaked out? Got a point and a quarter. What do you think will happen when I should go to three LRU to you to the shot the shot clock, just to keep that to two minutes. I want you to where it's got a of that, too.

Let's go check. Check this out. Right. Tom waits for no body, no procrastination is like masturbation. The only fucking yourself.

I want you to put that in the course of your time.

Go on, hold on, hold on, hold on, hold on. And what I mean by that is a lot of you guys were sitting here waiting for race to drop in that one percent range. And I kept on telling you, I better take this to a quarter to one and a half and go out there and buy some real estate because as cheap as money is ever going to be. Now, rates are low 3s right now. And now I just told you about 20 minutes ago pause.

Let me pose that statement. So I told your investment properties are made for us. So like you said, interest rates are going to continue to tick up. Right. And home prices over the next twenty four months and my pain will continue to rise. So it's going to get more expensive for people. So don't wait. Don't hesitate. You need to go ahead and execute because do not wait for a drop in interest rates because it's not going to happen to interest rates to go up.

Interest rates will go up higher, faster than they will drop lower. So please remember that. Do not procrastinate. That's what I was trying to say.

I can't wait to come back to a short clip and put them on the ground, maybe baby Ranford, Jim's comment on that one must go all the way to the parental discretion is advised.

Please, please, please. It wouldn't be it wouldn't be right. And I didn't do it like that. I appreciate you, my brother, for sure.

Appreciate you. No, love my my people. Yes, sir. Yes, sir. Peace out. Well, M.G., MGE, the mortgage guy.

I must say this real quick. When VIX gets below 16, we're going to be in trouble if you look at our TV. It's almost as outby as its all time high. Sixty five forty one was an all time high today, close to sixty five, thirty six ASSP. Why is that three. Ninety six. Forty one. If the housing market and stock market are at all time highs and interest rates go up, what is going to happen?

OK, seatbelts on. Enjoy the both of these types if you want to go right back here in six months and be like Tojo for those you have not watched any past episodes, go look at all the told you moments that I have from last year. Another thing about dad and real estate and construction. I'm getting some of the intel that you guys are getting to be careful. So do what you want to do. That's the great part about investing.

You'll have to listen. I mean, look, first of all, fire no, you definitely have a bunch of calls me I can't I will give you that. You know what else I'm going to give you. And we give you a flowers right now. You probably think about this today, but we definitely did. This week marks the one year anniversary of Episode 70. The legendary episode wasn't really yeah, it dropped or March said it should have went triple.

It was March 17th last year. And so without that episode, obviously, we don't get to this point with Marc on Mondays, which is pretty revolutionary in terms of investing in multiple assets form. So we appreciate you, man, and thank you for being part of this ideal family. So we don't give you your flowers right here, right now. And I appreciate it. What a difference a year makes us a fact. What a difference a year makes for short hours.

Yeah, a lot changed since then, but a lot has changed since then. Yeah. And yeah. Charlotta jury, we haven't mentioned time. Well watch out Jerry for making an introduction. She was on me four months to get in on the podcast and I was a little skeptical at first. It took me a while. She, she, she, she nudged me and kept encouraging me that it was a good idea and very similar situation to Matt.

When I met and he had three thousand followers on Instagram, he still had the information. It's not like he just knew about a bag was heavy, though. No, no, no, no. Not as far as I said. It was like, yeah, the growth was stupid. That's all you need to put out the market.

And then, yeah, it's not like one of the things that we've put people on the show when we didn't have prerequisites where it was like, you know, I'm saying sometimes you gotta you gotta to believe in somebody before the world actually does. And that's worked in our favor for not only for the mortgage guy, for Wall Street. I mean, the list goes on and on our alumni and just Seijas. Yeah, this was this was a story that led to not only did he come on the podcast, but now we have one at the top.

Got to ask for what you want because, yeah, I was the first one, like, yo, let's do the partnership thing. Like people come and do it and bring it about value. They write about getting their followers and running shit up. I'm like, yeah, no know things together. It was it was dope. It was dope. And yeah it's been, it's crazy. Time definitely does love but yeah a lot happened in a year and now we have one of the top business shows in the world in a very short period of time.

Twelve months. Twelve months. Not only the biggest show. Because nowhere by far. Don't forget that. So, yeah, yeah, so salute to my brother. Now, I appreciate you.

We can't have metal unless we know you're not going to fuck up my camera at all. And you still can't tell me where you got that backdrop from all of ETSI or wherever. You know, I know you got Kanye and Don see custom make you a backdrop. Please let me know your brother, first of all, to what we in his face right now. So thank you for your hospitality, brother.

Oh, you call him. I'll talk to you, Chris.

He's a Yale legend and a good friend of our show at the christening going.

I tell you. Chris, Chris, how about here? Boy, you want to talk about Barback, the black hole. Real life. Yes. And real life.

Chris, Enerco, he's doing his thing on hostages. He executed a high level. Yeah, always.

Always a pleasure. We got to get back out to Texas. Yeah, we definitely do. So.

Yeah, but yeah. Yeah, definitely. Shouting And man, it's been a great partnership and, you know, it's just the beginning, God willing. Hopefully it's just the beginning. And we can make this as big as we possibly can make it. So long shot everybody that has supported market Mondays. If you didn't watch Episode 70, definitely.

Please go check it out. That crystal ball was on full display in even the ones like people sometimes and still sleep on innocent pics. I know that you guys need to go research that held up incredibly well. It did not draw down a lot during a recession. So we take that in January. So everything fell apart. Next time I want to put it out because I was like, bro, they're going to think I'm lying. I got the pictures and my friends out there, you were like, yo, put the episode out.

You didn't do it.

Yeah, no, I was great. We taped we taped the episode January, January and held it in the vault and the stock market. Crazy, crazy. You would think that putting a stock episode in a stock market crash wasn't a good idea. But I'm in my brain. I'm like, this is the perfect time. We need to put a stock episode out because every everybody is hearing about the stock market crash, how can they take advantage of a crash and all that.

But so the episode went crazy. Clips on Instagram were crazy. And then it was like, yo, we need to have more extended. Before we even had that market Monday, we did like our Instagram live and we did a YouTube live. So got the flow. And then from that YouTube love Instagram live, it was like, yo, let's do a show. And at the time it was nobody to have a YouTube show like how we have it.

And it was something that, you know, just took a chance on it and it became a culture within itself. Everywhere I go. Somebody asked me about market Monday, like your market Monday said it it so, you know, it's one thing to have one type show, you know, job, you see the talk show. But there's another thing to have two top shows. So that's something that gets overlooked. Yeah, it definitely does. But, you know, it's all good.

We don't we don't do it for accolades, no trophies. Impossible to actually say. Well, actually, hold on both.

Let me get my accolades, excuse my language and let's do we need both.

I need both.

Absolutely. Absolutely. So good. Man, you can be humble today. I will talk about the episode. 70 year old black boy guy drops of wisdom on him could go to old pastor of Exel Abrams and saying, look at me like I was. That was my only preaching moment. Literally everything we're doing right now is the things that I wish as a kid church is have done. So I hope you guys tune in to and listen to it tonight or tomorrow and then spread the word and then even on a partnership.

And I know a lot of people want to be seen. I just tell you, like, I wasn't seen for a while in the space, but that was an advantage.

Massive aircraft meant everything that you want. They come from Master Your Craft. If I was out here, call them that picks and blowing up people's account 50 60. None of this would matter. The suit is not what do it that crystal ball and a Mawazine is what does. And then also you guys are content the hours that you put it in, you know, death on my tour. I don't know how you do it. You always happy I'm.

Well, you'd be up late as I overshot to like how but I'm learning now.

I must stay right about the combination of like content, love. And then being great at the craft is what I think separates us. And in time also to like the recession thing that I told you guys about. I have studied every recession in every country to understand what happens. There's only 12 or 13 outcomes that can happen. The final one is absolute ruin. I don't think we'll be there. And if we do, we have bigger issues than with investing.

But I appreciate you guys so much and everybody who's watched, watching, tuned in and supported and of course, my family for financial support and dealing with my craziness. So now is a fact.

Two hours in. Oh, yeah. Thank you guys for watching. Don't see any last words. Yeah. Man, love is a universal currency. Everybody asks me why I'm so happy, man. I just believe in love. I spread it and sometimes I come back, sometimes it doesn't. It's OK. We do it. I always got a laugh or you know, we, we don't. We always go to the nicest person I know.

For real, though, I appreciate it. So flowers shout everybody out to my new road. I see they in to check things out. Everybody in Greenburg that is is showing love and stopping us in traffic. We got stopped in traffic in our hometown. It was like, oh okay, well out to the town. Shout the White Plains. Shout that everybody man, love is love. We got to keep, keep, keep giving you the information.

You know how this works. We give you the information. Application is up to you. Please use it wisely.

Yes. Past my bedtime ladies and gentlemen.

Yeah I check out the nozzle. Yeah. I must've missed the beginning. Not that as far as Grammy. This is my favorite Nas album and the Jay Electronica was nominated for Best Rap Album and I thought it was dope. So should we put that up to Jay Electronica? All right. All right. Yo, love is love, man.

We see on next week, episode one, this is one twenty five to my twenty five tomorrow Pacula Spectacular Smith Wednesday we in the chat Saturday Shaadi Sunday to Book Club. Don't miss it Earner's We love you You too We love you use your heat wisely I said some delays with the Chase and Wells Fargo people but that's going to get rectified and if you if I know it's a huge test, the people here I think they had the big rig on a speedway.

Did you see it? They got the big rig. They got they got there at the semi truck out there on a speedway for the first time. So check that out. And love is love, man. We'll see next week. Pace, pace, train after dark. Nine thirty. Let's go. Love ya.

Announcer Dan. Monday, Monday, Monday.