 Hey, good afternoon everybody welcome to dedicate it to financial literacy again Welcome to my channel. I want to ask everybody. Please hit your subscribe button the the bell if you can hit the bell and So you'll continue to get content and I'm gonna continue to try to push it out and join all of My YouTube celebrities out there as we as we continue not to hate on one another But to push content concerning financial literacy concerning the stock market concerning our economy We're gonna keep pushing out the content. All right, let's go guys. Let's go girls. Let's keep doing it. All right I'm in my my son's room right now and He last week so I didn't I didn't push out any content last week because my son has been sick and so I just been Nursing him so to speak being at home. We all have gotten tested. We're negative. Sorry Delta virus couldn't get us But there's my baby. There's my boy Benjamin all right, so I'm in his room today. So I'm surrounded by a bunch of his toys Okay. All right, so today it looks like we kind of had a red day today. It's Tuesday the week of What August August 17th 18. All right Yeah, 17 today is Tuesday the 17th and What we're looking forward to the rest of the week is a green week. How about it you guys? What do you think? red or green red or green Okay Yeah, today the market was down quite a bit Nasdaq The Dow in the S&P 500 and I believe 2000 Russell 2000 as well Mid-cap small cap. I mean We've got a We got to be paying attention right now even crypto For those of you that are meme doge coin lovers out there doge had a really good weekend, you know it got up to around what 35 cents and Now it's kind of leveled off. It's around 30 31 cents today at the close of the market, but I Just want to kind of say I've been saying this for several weeks Probably several months actually that we were due a crash We were due a pullback. We were due a correction and I think we're hey We're heading right into it now. Is this the timing on which I think right now. We're gonna have this huge crash I don't know I don't know I can hear my son. He so he might pop in at any moment, okay? If he does hey, we're gonna keep on rolling. We're gonna keep on videotaping, you know me I like it raw and real. I'm not trying to give you a bunch of edits and commercialize this thing So I'll I'll tape in my bathroom I'll tape in the car I'll tape at the park I Tape at work in my office. I tape everywhere. I videotape everywhere and you know, I Used to say, you know what I got to make sure that it's I've got to do all of this Dynamic editing and And it was keeping me because I'm such a busy person It was keeping me for pushing out any kind of content and then I had to realize okay What is my goal? Is it to get ads on Google and make a bunch of money? No, that's not my goal My goal is is to teach people and to help I want people to get their finances to get better I want them to have an improvement on their bottom line. Amen So hey, that's not like I was preaching on. Amen. All right, so So here's what I would suggest during this time Make sure you do not have number one make sure that you do not have everything in stocks Everything all your money all your eggs in one basket if you have everything in stocks And even if you do make sure you've leveraged it and you've leveraged your risk in other words Say for instance for all you options players out there. Don't just have to go long Don't just have a bunch of call options Have some puts going the other way Cover calls make sure you you got you've got some leverage. You've got some some risk management Okay, I Would number two I would suggest if you are in the stock market Be hooked up with some stocks that really really have performed and have a history of performance They might be a little bit more expensive. Maybe your growth stocks. I'm not saying you got some people that are growth stocks Love growth stocks. Some people look value stocks. Okay, I'm not gonna get into that debate during this season But I will say this hey Uh Amazon is going to still be around 10 years from now Microsoft is still gonna be around NVIDIA is going to be around Google is going to be around Or alphabet I should say Facebook is going to be around So make sure that you have a Party of portfolio in some solid companies that can endure the storm that we're gonna encounter when the correction hits Now that doesn't mean that they're gonna be there. They're not gonna get hit either. They will get hit They will do a good drop and that will be an opportunity for you to pick up more of their stock as it as you can get It as a discount, but don't be moved. Don't be shaking off the tree Okay, the tree is going to shake the tree is going to shake All right, I want to let you guys know that the tree will shake hold on to every branch So that you're not shaking off. All right Number three Commodities Commodities get some gold and silver Gold as that we all know that gold is a hedge against inflation It protects against inflation Okay, because what happens what happens when inflation goes up stock market gets hit Gold usually goes up along with inflation. So get you some gold You know, I hear that some people like well, where do I buy gold? Where do I buy gold? I'm not gonna suggest what what firm you go to to buy solid gold, but you can definitely And listen, let me put a disclaimer here Disclaimer disclosure or whatever you want to call it a disclaimer. I am not telling you what stocks to buy What gold to buy? I'm not telling you what ETFs to buy I'm not gonna do that because then if you lose your money, you got it. You can come to me Do your own research. What do I say all the time? What is my favorite saying? This is what I say all the time and that is if you don't learn you will not earn if You do not learn you will not earn. All right. So get out there and do your own research but Barrett gold Barrett gold GLD Or is it GLD the ticker symbol? Is a good place to park Barrett is solid. I would I would definitely do a little research on it, but I'm not telling you this is this I have some in Barrett, but I'm not telling you to go out and buy Barrett. Okay. All right, but gold silver There's ice shares SLV Hey Get you some silver get you some gold. All right, and then grab a good ETF I have the VOO VTI Both are good ETFs the whole stock market S&P every the whole S&P 500 the whole entire stock market very very good ETFs averaging what 15 between 10 and 15 percent annually All right. So So make sure you have a good diversified portfolio during this season All right, and do not do not I would suggest That you you do not have your all your money on stocks right now. Listen retail investors Yeah, I'm telling you I'm telling you we're headed for a reversal the big reversal is coming and I would be it's definitely between September The beginning of September could be anytime between now and set the beginning of September and I'm it's I'm saying at least 10 to 15 percent Correction is coming Some people even feel like it's going to be 20 percent. All right, but hang in there. It's going to be okay All right. Remember buy on the dip buy on the dip when everything drops. That's your discount. That's your discount swoop up scrape up begin to Begin to just snatch all of that discount And here's what you can do plan right now look at companies that you're that you're interested in So that you and know how much they're dropping For example, I've got my eye on Microsoft. I've got my eye on Microsoft I already own some Microsoft, but I'm looking at it Because if the correction comes between now and September, guess what say it drops about 10 or 15 percent That's your opportunity to pick up a two trillion dollar company market cap company All right People are sleeping on Microsoft Microsoft. I really believe one day. It's going to be at $500 a share and I know some people like what are you keep talking about the CEO is wonderful He is absolute genius and what they are doing with the cloud With what they're doing with cloud and in the purchasing of a cybersecurity Companies and see this is what this is the future. They're looking way ahead and most people are going to sleep on Microsoft don't do it All right Okay, I think that's gonna be it for me to today I want to talk about inflation on my next video. Please. I will say this about inflation Do not listen to the CPI the federal CPI Consumer price index do not listen to that stat They're lying I'm just gonna be honest with you They are lying if they tell you it's at 5.4. It's at 7.4 If they tell you it's at 2.7. It's at 5.7. I Got a look at the CPI and what's going on, but I can tell you I believe the last reading was 5.4 listen to me You listen common sense when you go to the store aren't you paying more now than you were a year ago? Aren't you paying more now For a used car than a year ago Toilet paper. Are you paying now more now than a year ago eggs meat? milk juice diapers women's products men's cologne deodorant Aren't you paying more now? Look at the gas prices Folks inflation is increasing. I know they say it's transitory that it's basically transitory meaning if this is Seasonal or basically it's temporary that is not true with all my heart. I Believe with all my heart. Oh my heart Inflation is here for a minute And it's not going anywhere. Yes, there are some things in some areas that are deflationary Okay, I hear you. I hear you Kathy Wood. I'm a great fan of Kathy great fan of Kathy Wood Michael blurry, please bury. Please leave her alone. Why are you shorting her stuff? Why are you shorting this woman stuff? She's done an amazing job. Go Kathy. I'm for you Go Kathy. I'm for you crush it I think she's right and she's on to something concerning innovation Innovation five platforms. Anyway read some of her items and her and her Read some of her whiteboard inch whiteboards and and what the great thing about her is that she's very transparent with all of her Her her her entire portfolio. It is very transformative. It is very transforming. She she's definitely transparent. I'm sorry I'm already trying to end this video as you can tell I'm trying to get all this in Let me calm down She's very transparent She's very transparent and she's an amazing investor and she is right concerning innovation Don't listen to all these old heads That have have no idea What the end of disruptive innovation is about They're not doing their homework I'm sticking with you Kathy arc k arc g arc f all of them She's already said she has a five-year plan. She's already told us Even last year that there was going to be a dip that there was going to be a correction on her etfs. She told us She expected it Arc will be back You watch. All right. Anyway, that was just my little plug for arc Arc investment and Kathy would thank you, but I will say I don't know if I totally agree with her on the inflation items because and look, okay, this woman She's a great mind graduated at usc Knows the economy understands it much better than I do But I'm just, you know, I'm I'm a real boy. I'm you know, I'm just your everyday guy I know yes. I I am I have a certain amount of Education but not on her level. I'm not even going to try that But there's some things you can look and see where the economy is going. You can see where the consumer is at Don't always listen to the data You know what you know what real true data is How about talking to people in the store? How about sparking up a conversation with somebody Sparking up a conversation with the with the cashier at Trader Joe's at Whole Foods Talking to people You'll find a you'll find out exactly what the consumer is saying Especially if you're going to markets in different areas So I'm in Los Angeles, but I live in Camarillo, California. So totally different environment totally different culture Talk to people That's how you can find out what's what's happening That's what that's how you will find out what is happening with our economy What are people thinking? What are they feeling? Survey the everyday person? All right, thank you. I want to thank you for joining me on dedicated to financial literacy Remember you will not earn if you do not learn I wish the best for you keep prospering have a prosperous second half of the year We are definitely almost closing out 2021. We got four more months yet crush it crush it didn't last last four months. Okay