 Then we are live here Friday on the independent investor channel want to make sure everybody's doing okay Everybody's making it Do me a favor everybody check your pulse Make sure that you've made it just yet another week and make sure that you can maybe set yourself up I don't know to survive another week Do you think we can make it? Maybe we can make it together See my project is all about celebrating you this is one of my favorite Pieces that I do during the week. This is 60 minutes of a live stream where I open up the Broadcast studio. There is a link in the description or in the comment section Guys are willing to kick in you can talk with me if you want to that'd be awesome but this really is all about celebrating individuality and Really kind of putting a pause on what a lot of people would just have you believe is an accelerated base to destruction Okay Everybody tells you live in the now man live in the now in the stock market, man. You want to live into into tomorrow That's what you want to do. All right Live in the now. What the hell does that mean if you were gonna live in the now this week You would have just sold everything and been like, all right. Yeah, I'm done. I tried. I'm no good. I suck. I'm out One week in the stock market means nothing Neither is a month or a year really and when we chronicle these cycles that we go through in stock market investing we often find our tell ourselves in times of Complete boom and everything's great and we're building portfolios and it's a lot more fun to talk about It's awesome. I just checked my subscriber count tonight and I think I had like I lost like 49 Subscribers over the last I don't know month or so. I think it's great. I think it's awesome It's called trimming the fat. We do it all the time in military. All right. We trim the fat I don't want people here that I Don't want to be here the irony in the whole thing quite honestly is the fact that I can actually shed light on the fact that people are leaving my channel and actually laugh about it Okay, and say good riddance is the very reason that you should probably subscribe to me in the first place Okay, because I truly do put your individual Traits and characteristics at the forefront. Okay. I think regular people who You know, we're living regular lives and I'm not one of those guys that want to come on and I want to be Scripted I want to give you exactly what YouTube tells me that I can Give you if I just do the search tags just right and I can deliver it to the right amount of people And they can watch you whether or not they want to watch you or not I I just really don't really don't care. Okay. I've got the goods. It's that simple You guys come on and you get a little bit of motivation for me You want me to be all Debbie Downer about the stock market? I can't do that Because I'm happy about so many other things in life as you should be you should be see that's a Talent of mine is that I see in people a lot of good that even a lot of individuals going through different phases of their life Have a hard time seeing in themselves Okay, and you just need to get past that All right, it's very real if you can't see those things It's very real if you're working on certain aspects or you're working really really hard on the financial piece Right now and it's just not jiving for you if you're working on that Relationship piece if you're working on that Professional piece with your profession when you're looking at the real estate and you're kind of looking at how you can kind of make sense of the Steel right now. Okay, there's a few winners right now that are sitting on low interest rate mortgages right now The most people are in a tough spot. Do you sell now into a fairly weak market? I think the consumer is actually really frozen right now. I really do Like you looking at the volatility over the last couple of days in the stock market are not indicative of A regular market. It's indicative of a of a market that's really really trying to absorb a lot Going on right now. Okay. I think Fed Fed chairman Powell from this week actually Returned a lot more back to a much more hawkish stance on his His address I watched the speech and I kept saying Jesus. Can you just say something good? Okay, and it's interesting what we were so excited about five Let's say five years ago and when where we are now closing out 2022 Are we that worse off and a lot of people would say absolutely? We're so worse off Ryan watch the news. Okay, I Don't put a hundred percent of stock in the news Okay. All right, I can watch I Can drive to Costco just as easy as somebody else and people are Beating each other down to get in the front door and you know pay that $95 of annual fee to Costco to go in there and get the low-priced Shopping goods that we all love and enjoy I go to the mall Okay, and I noticed that people are in there with bags that are Extending out six tears from their body. It's amazing how they can even get out of the mall with all these bags and stuff I think it's a status symbol. I think people just enjoy walking around the mall with a number of different bags Teared out from their midsection outward, and it's even better if you can actually hold those bags from different stores Victoria secrets Nordstrom, right footlocker. You can just add them on there, baby, right? And they can go out multiple tears if you've got you know six layers on one side and six layers on the other side But I'm supposed to believe that somehow the consumer is not spending any money. I don't spend money Regardless, okay, I don't care what's going on in the world All right, and look how long this shirt has paid me. I do this for a reason See, it's the same shirt, and I brag about it every single week that I come on man It's paying me back. All right. It's paying me back at this point, but you know, I Guess the data that's come through would suggest to that We've got potentially a couple of more quarters of some pretty volatile markets I think closing out the year here in 2022. I think we're gonna have a short rally Only to be snuffed out right in the beginning of January And I think we're probably gonna retest the lows. So stand by for rolls. I hope I'm wrong I usually am when it comes to stock market forecasting We do it for fun because nobody can do it accurately. All right So what you think is gonna happen from day to day in the stock market is anybody's guess But I think in January February and March of next year I think we're gonna be absorbing a lot of effects of 2022 being the historical year for the increase in In interest rates to curb inflation. I think that's really the story of the year. I think that There's been a few Systemic shocks to both the consumer and to the real estate market as they sit now how those things are going to Fair out over time will be interesting enough to to to monitor What what am I doing? Well, I'm certainly not freaking out. I'm really kind of just on a plane right now And I've been on a plane For the last now going on it'll be January of 20 two years So it'll be 24 months removed of what I have engaged with on the independent investor audience as Really kind of being choppy waters It's been volatile. It's been up and down the market really hasn't moved that much There wasn't a whole heck of a lot of places to hide in this market I think now even with the S&P sitting at 17 times earnings I think there's a Misplace right now in where people are seeking value if at all I think the majority of people look at these markets and they're actually on the sideline So I think if we find any level of strength or any type of relief Any type of stimulus that could kind of shake the market out of this funk I think you could see a lot of that sideline money flow into the market And that will provide those unforeseen or unforeseeable catalyst in 2022 2023 to help drive markets Perhaps maybe in a different direction other than down Okay, but you know time will tell I'm one of those bullish Applicators that does not believe that things are as bad as what they are and it was interesting to me on such a down day This week was horrible Adobe blew out the top and top and bottom line with their business I think the stock is down from their highs Close to 50% so when you're looking at an S&P that's off Right now and still trading at relatively high valuations. Let's be real you look at the Incremental pieces of the S&P 500 and it calls into question Perhaps some of these stocks that are trading at almost recession levels right now specifically with financials You know healthcare is always a place where you can put your money and it's been the real winner in 2022 But in my assessment looking at technology now down You know close to 50% I mean some of these names are off 50% I think the Nasdaq is off over 30% but Even to look at you know, I'm a long-term triple Q's investor But but the TQQQ right here below $20 for the upside potential of really getting some some momentum going I say that with a fundamental crack in the last stock standing and that is Apple computers from this year so it's just going to be interesting to monitor but Technology is and always will be my favorite sector. It always will be okay Google is the same Google that came out and it's just making Revolutionary changes in the world Apple computers Microsoft right there at the top Salesforce.com These companies are the real deal meta systems. Okay, these companies are the real deal And if you believe that somehow tech is going to dissolve away forever and we're gonna I don't know have Google instead of Google Then you're open to your opinion But I think going through this funk right now and coming off of what has been a very very hot Hot time in the market over the previous decade. I think it's been Really interesting now to have these systemic injects to the market We went through a global pandemic, you know, we went through some hype and euphoria in the stock market We're going through some high interest rate environments with inflation, right and the market doesn't know really how to take that I think there's some undertones of some bullish activity going on only to be died down by what I feel like is a pretty tumultuous market where nothing gets favor right now and You know to to weather the storm and keeping your eyes on the horizon is absolutely the best remedy But we're gonna take a short break and when we do we're gonna come back and I'm gonna have a special guest on the channel I see you there junior you demand. Where's the smile? There it is. I This guy when he smiles man, it makes me smile now if he can have that same effect on y'all because that's what you need right now I'm telling you what I'm just a lowly voice on YouTube man for sure But to put some perspective in this thing I want you to recall what we've been through over the last just five short years and in the stock market in retrospect Think about all of the changes that we've incurred as an investor community on YouTube over the last five years if we can incur what we've gone through over the next five years we can certainly incur what it is that's going on right now and Set ourselves up for what is gonna be coming as this decade starts to unfold in front of us be back with you in just a moment guys We like to bring family on the channel that's for sure in juniors family absolutely Love it man. Great to see you my friend. Happy holidays to you and yours Once you give us a quick update, it's been a minute since I talked to you junior What's been going on in the in the in the great life of junior stock investor man? Thank you Ryan. Can you hear me clearly before I start out and clear man. All right Well, first of all, I want to thank you. It's been a very very long time For those who may or may not know me I've you know, I used to come on a lot My current job is extremely busy. I deliver on alcohol. So I deliver wine Liquor and beer. So even tonight is a blessing for me to come on at this time because usually I'm finishing up probably an hour or two prior and then Driving to Delaware. So I work down in Delaware But I want to say happy Friday to everybody on the live chat. I hope you guys Having a great day. Hope you guys gonna have a great weekend. And of course, I'll see next weekend Christmas is coming up so That's the time where even if it's a recession fed rates, it doesn't matter We're all gonna go out spend time with our families eat drink use our credit cards. You visa, of course I got visa shares Got 50 shares. Hopefully I get some more down the road in my in my route away and You know, just want to tell you guys regardless of what's happening. Of course with the news You know FTX all this other stuff stay focused stay disciplined stay consistent And everything's gonna pan out. It's the best country in the world the United States of America if you invest in great businesses You know as you look at the financials or even if you don't invest in individual stocks, you do ETS, VOO spy They're all great. It doesn't matter. There's out. I didn't want to go in a tense But I always hate to see arguments between individual stocks and index and ETS Folks they both are great. It doesn't matter which one you do whatever preference you have Don't focus on the art. I don't know why people argue about that I always find that baffling because if they work out great It's just it all depends on your time horizon and your interest. That's what I will say I don't I don't discriminate against strategy The secret is for individuals to find what strategy is gonna work for them. Okay, right junior So like if you're first starting in the market Then I then I would encourage that you look at the more basic strategies See, I'm of the belief and I've been doing this a long long time But when I look at passive investing through ETFs or index funds I don't think that takes a whole lot of education and I think it might be a little bit of a bridge or a stretch for people to wrap their mind about around that but It does not take that much because what I talked about with Kyle last week is That you're only looking to achieve that year over year performance by by seeking out that exposure Right, you're not looking to get rich overnight. You're not looking to do any of that You're looking to put a very disciplined plan in place. I own the index fund. Okay, I own a broad swath of the market You mentioned DOL. Let's say the S&P 500 then I can establish a plan to say look I can do 250 bucks a month or whatever it is $120 by monthly you can do something like that and you fund it and you don't you don't have to look at you Don't have to do anything to it Whereas with single stock, it's a wonderful to your point strategy I do both along with many many other strategies and I love single stock investing I think right now there's some values that are down over 50 60 70 percent of some wonderful companies That have just been really drugged down with the market and you just have to be willing to do a little bit of homework You cannot put those on the same playing field with regard to the necessary education that you need for option a or option b That's just my two cents on it And also to like understanding sentiment, right? So right now I'll see with drone power. I believe he talked on Wednesday, right? I think I Raise interest rates 50 basis points, which most of us knew if you guys obviously follow the markets Um a great time another alternative great time if you guys want a high yield savings account in online banking I know ally markets by Goldman Sachs. Um, personally, I use CIT bank They're offering right now 3.60 Apy in a high yield savings account or if you have money that you might not want to touch for 18 months CD accounts, um, because I actually set one up for my mom I believe it's 4.25. It might be higher. Don't um, don't put on it I believe it's 4.25 Apy on 18 month CDs, which is great because one was the last time we seen CDs You know this high it's been a very long time 15 years I remember the day man when my checking account would get like 6 And now it seems like a thing in the past, you know, at least for the last 12 years the last decade or so With these really crazy low interest rates, you know, it's it's I think this is good for normalization Now do I think this prime rate up around 6 or even above 6 is going to be Sustainable over the the long term, of course not it's going to be a medium to short term thing And then there's some quantitative easing that's kind of baked into that with some opportunity to actually ease back off To that to that more target rate of of nominal But they're they're trying to combat The effects of coming out of what we've experienced over the last couple years with the The effect over the covid pandemic. I just don't think that people Really appreciate how Systemic that was of a shock to the system and and I'm of the believe I can't dispute that I I can't people were suffering at the time when those disbursements were made I was like I hope it makes a difference for people because people were suffering people were suffering, you know Um, I wasn't one of those that suffered. I hunkered down. I worked from home You know the the impacts of me we were lucky enough to get out of it without family being too too poorly impacted But people were suffering on a lot of different fronts and I think even some of the mental ramifications of even our children Are are yet to be understood going forward about You know how how systemic that was so throwing money at people You hate to look at that as an as an all end all solution But it was what the government had as a tool at the time to help and now we're paying a small cost for that And I do say small because I think entering into the covid pandemic. I think things were things were going Perfect and and this country you mentioned how great it is. It's not perfect. You know, we we succumb ourselves We are reliant upon other countries to supply certain vital needs and certain vital products that We didn't even think a A bit about that and now we're evaluating You know how reliant we want to be for those resources, you know and and things are kind of influx right now junior You know, yeah, and there's that saying says the the trend is your friend So I'll see you know like you mentioned before like right now we're paying a small price as far as inflation with food, um, you know, um Well, oil is actually gas prices have been going down But consumer good like, you know clothing things like that have been going up But also too, there's a there's another light as well, too You know as far as um, you're more value play stocks, right? Like like for example, pepsi, right? I believe pepsi you're today. I just checked it earlier is up 4% So, you know with pepsi, obviously it's not just only Um, the pepsi, you know beverage sodas or the gatorade or aquafina, but they also own the snack division as well You know, it's Frito lays ruffles Quaker's life see I I learned all this because I get excited because my mother-in-law has invested into pepsi Co and she got hers. I think her cost basis was 144 And when we look at it, she's she's excited and I thought I was you know, don't worry You know because you're you know, obviously pepsi is a stable company But when you look at other industries, you know, sometimes I tell people Don't just look at the main tech right because obviously tech is the big thing your googles apples amazon meta all that Obviously that gets reported on um heavily, but look at Campbell soup, right? I don't know if anybody heard their numbers. They were well right now Up high, you know, you look at your Obviously your code mcdonald's. Yeah, they're not your high flyers, but they're also stable companies Um, I always tell people oh auto zone Auto zone I learning about auto zone. They buy back a lot of shares And that's one of the things that uh, what I would give out to people if you're in Invest in individual stocks Make sure that these companies are buying back their shares at great prices Especially during these times because of a company's not buying back their shares Especially during this time Those are the companies you want to stay away from because in the long run You're not going to get that value and capital appreciation right if the company's not want to buy it back their shares and reduce prices Why would we do it? You know what I mean that that's a silent killer too is buy back shares because if You have companies that issue more shares That's not getting a long one because you're not getting that that eps is not growing Means earning for sure. That's not growing little things like that little metrics that they don't actually see in the mainstream So I would say that by our investing companies that have a high our r.i.c Return on invested capital, right? They're buying back shares because right now You know these tech companies it's hard to borrow money, right? That's why with interest rates It hinders them but think about this guys if it's a company that people Use their products every day. We have nothing to worry about just keep a strong mindset If you don't like volatility like that ETFs I got mentioned before how you'll save this account money market account And uh, stay away from the noise. There's a lot of noise. Of course with cryptocurrency I'm not gonna get to cryptocurrency because I'm not into it like that other youtubers that uh, you know Go back and forth, you know, there's I mean, obviously there's a market for that But stay focused and consistent until you're applying and you'll be fine You know how much I've mentioned cryptocurrency on my channel. I've got 900 videos I think I did one video where I compared cryptocurrency to tide And orios And I was like, what do you what would you rather out and didn't do very well? I fell on deaf ears right during the crypto craze man And I was getting inundated with people like Ryan. This is it man. This is the next way of the future, etc Etc and I'm not saying that bitcoin. I believe bitcoin and crypto actually will find it's a utility The concept is is fascinating. Okay, I'm still very fascinated by it, but You have to really be careful and guarded when you're seeking out information for entertainment Or information as far as like instruction in the serious decisions that we call our life decisions Okay, and this is something that I always try to pose to people is that if you get excited about investing by watching the independent Channel, great. That's exactly what I want. I'm excited about investing. I love it. I eat breathe and and live this stuff I I absolutely love financial markets. I study them. I read about them I come on and I share through the independent investor channel And it's enough reciprocation that I can have even with the small amount of people that are actually leaving the channel I joked at the top of the live stream There's still enough fabulous people like yourself and many others That are kind of like-minded with me junior, right? So I I I kind of relate with that And it gives me a lot of energy to know that there's other people out there that are just as hungry To try to identify what it is that's right for them And that's the key so you can get excited But but make sure that you're stepping back and saying, okay. All right. Ryan's talking about this idea that Maybe life is better off Becoming or being a participant in the market as opposed to not being a participant. Now the question becomes How do I seek out being a participant? And those are questions that you really need to identify on your own And it's not as difficult as people think that it is I talk to people on a daily daily Basis they tell me that they just are lost They have no idea where to start And let me just I mean I just wanted to share with you junior since you're with me tonight on live stream And thank you for your time brother. Thank you for coming on man. Thank you for having me I pose this to people like this man in the last five years And junior you've been with me for all of half of it. If not more you've been with me a long long time Think about five years ago when we were talking about when I started the independent investor channel We were talking about stock fees In in the market. We were still paying for paying for stock transactions. Okay. This was just five years ago Then we went into the no fee investment with the robin hood Right just turning the industry on its ear and this is incredible and the robin hood craze came in Then we're talking about guys like myself who kind of broke this idea and I've really credit myself for this talking about the idea of Personal empowerment taking control of your own personal finance through self-directed investing with the idea of Saving capital over the long term through fees and tax protecting your money Those two aspects you can get rich on those two things and I say it all the time And I know it falls on deaf ears a lot But I foot stomp it a lot because it's super important robin hood. I mentioned cryptocurrency amc Game stop rktf tesla fang global pandemic global conflict the real estate boom The interest rate hikes inflation 18 2 on the dow at the low of the pandemic low march 22. I believe is where it hit that and here we are at 32 000 on the dow Right and a partridge in a pear tree happy holidays. I need some Tylenol right that is what just in five short years, man You know, there's been fads that have come and gone. Look at this back. Look at this back craze You know just punished so many people and I can think of Probably 50 more off the top of my head just to share with people To make them understand that there is a lot of noise out there But there's a lot of noise all the time The key is to just sit back and just say what do I what do I want out of this deal, you know And that's the thing right there's always going to be noise, right? There's always going to be um other people's opinions, right? especially in the um The media right especially your cnbc's and all that and there's a and that's one of the things that and motley fool too I actually and the reason I say motley fool because I actually listened to an old episode real quick episode back in 2011 Um when netflix I think was down about 75 percent in the past couple months I figure what the particular problem was they went through some issue and They were saying the the analysts were saying, you know Netflix should be looking forward to get bought out by maybe an amazon or a microsoft and this was in 2000 I believe 2011 and you look at where netflix is now had you sold back then You would obviously not only miss out on the gains, but not understand that hey Regardless of what people say i'm still going to do the research i'm going to make my own assessment and another gem i want to get to people is Always when you invest circle of confidence just invest in companies that you use or you understand Very easily how to make money. I mentioned before I have visa I know no matter what happens in life, even though I can't predict the future People are always going to pay with a visa card. It's it's attached to chase bank bank of america is e-commerce You know if if I understand people are going to pay with visa and visa makes money off the merchant fees Meaning that any company use your visa card that company Has to pay visa merchant fee now if it's a big company like walmart they're not going to Say hey when you're paying this transaction you owe us an extra fee It's going to be built into the price But obviously if you go to a mom and pop shop, they're going to be hey if you're using a card We have to charge you this percentage Because they're putting that merchant fee on the consumers. I actually Learned that actually this passion. I never knew that obviously it's not taught in the mainstream But just like an example like that visa. That's why I know okay I'm going to stick with this in the long haul because no matter what people need this product, right? All right, junior. So listen man. Okay, you sound like a pretty educated fellow on the stock market. All right So if if I'm one of the thousand people that are going to catch this live stream and and maybe hundreds of more after it Goes live And they're listening to you and they're like man alive. This guy's super smart. That must be what I need to do Let me ask you a question How many people out there in the world that may catch this message can do what it is that you're explaining? By being a participant in the market or just saying this guy this is too smart for me I can't do it. How many people out there can actually achieve what it is that you are discussing Being a participant in the market I think a lot of people can and that's the key word they can I think a lot of the metrics are emotion, right? The problem is there's a saying I've used I I heard and I it always sticks me to this day You know an angry mind is a narrow mind and what I mean by that is sometimes when you get Upset with you know, obviously if an investment doesn't grow your way, you don't have peripherals, right? You always see just um Just the problem in itself and you have to the best thing I can say is Desensitized from the stock market, right? Because the stock market's not gonna care how you feel first of all So desensitized from the stock market Understand that you're not owning just a stock. You're owning a business, right? And what I mean by that is when you own a business you understand how it makes money, right? Like another example I own metal shares. I still own metal shares I was owning it when it was crashing these past couple months. I'm down I believe 35 from my initial cost basis didn't even bat an eye. I have a hundred shares I've talked to my wife and and the reason why I haven't Got rid of my shares is because meta is more than just facebook itself It's more than just the regular platform, right? Obviously, they have instagram reels. They have the oculus you know, um Quest to oculus goggles and whatsapp. I don't think people understand the scale of whatsapp People miss that the last um earnings report that they're a daily active user base one of four percent They have about 3.6 billion active users on the on the platform Anybody can do a google check check to see how how many people in the world population we have And you do the value nine billion. Yeah, you do the math Think about 30 countries that don't have Internet and if they had access to internet and one more gem I want to put out If somebody can write on the um live stream here Can somebody tell me other than whatsapp? How do people communicate with somebody outside the us for free? yeah If somebody can tell me that I know that I know the answer but When you look at stuff like that And when you do the research You'll be fine and not another thing to do your research But you'd be like you'd be like, okay, man So like you you're really good, man I've known you a while And so i'm asking these rhetorical questions at Eugene you're hopefully to help somebody out there who could look and say I don't understand what the heck this ryan guy's saying but I relate with this junior guy You'd be just speaking plain english when I get it Those are single stocks, man, and if somebody says I don't I don't think the oculus is the way I don't think meta is the way What is it that I can relate with with this guy in his plan? What is his plan? Why does he invest? What is he looking to establish? You know and and can some of those things relate to me In what message he's trying to convey to to me, right? Can you can you focus a little bit on the plan and say, you know? What if what have you really spoke with your spouse? I mean you guys are married now, right? You guys got married. It's here. Congrats. We got married in february. Um, yep. That's what I thought So you got family now, right? So you discussed this 50 50 In a in a perfect world. It's it's about 90 10 for me. I I give it up for my wife That's why I got 17 years on yet You'll get there you'll get there but uh You know when we talk about Are we just investing to come on and talk every friday? This is about money and this is about building financial security I have no doubt me and you'll be fine jr. I have no doubt My worry is with the masses of people who could really from an individual perspective help themselves And therefore help a community of retail investors that somehow I think always gets the backseat Always because I think they do succumb to the message They do succumb to this laundry list that I did for everybody before tonight. It's like I'm all over the place I yeah, jr. Seems like a legit guy ryan's cool, too But man, I just I can't take the swings, baby. Help me understand the plan. What's the plan? Well, I would say the plan is to to stick to like I said I meant to be forced stick to what you know Also to um another gem I would say is um if anybody likes to read books go to your free Like I said free public library read books from Warren Buffett to Charlie Munger's you'll see a trend and the trend is There's the same by mark twain. I just finally find out who says this trend. They said Um, hey, she doesn't always repeat herself, but it tends to rhyme I'll say that again Hey, she doesn't always repeat itself, but it tends to rhyme if you look at a lot of the Warren Buffett shareholder letters from the 60s 70s same thing with Charlie Munger way back Look at all the events that's happened in the past and what's going on now You'll see a trend you'll see a rhyme That's another gem I can give to others too. When you ever see bad news all the time bad news That's to deviate retail investors like because we're retail investors because I don't know anybody has millions of dollars But retail investors or investors obviously don't don't have millions of dollars to buy into the market, right? I'll tell you this they say these things to deviate your way So the big guys can get the money and the reason why I know all this stuff Well, I don't I don't say know this but or I haven't been exposed have been exposed to this because The the value of time and what I mean by that is I'm a truck driver So I drive an hour and a half to work. So that's an hour and a half of different information I'm listening to that's another gem too. I don't know if you guys writing this down Listen to people that you don't tend to agree with I'm gonna say that again Listen to people that you don't tend to agree with You'll get a gem from certain things that they say you might not like the person but you might like the message well said well said so Take that time and you know and use that time, you know, whatever time time is Time is valuable because time is something we never get back This time that we have right here. You and me Ryan is the only time we're gonna have in this exact moment That we have and I know I know I know that baby, but we're in the pocket right now All right, I'm not going to apologize coming on and spending some time with you Connecting through social media. I'm not at your house. I'm down here in new york city. All right That's where I'm at now. I'm above you now. We're neighbors Yeah, the last time I talked to you baby. I was down in virginia. All right But it just goes to this comment right here, right my neighbors. I think are going broke out of garage sale today sold their third car Had to quit the job two months because of because of health Right, so my heart goes out to people. Here's the thing man People need to understand what when I'm locked in and I'm doing when I'm done with the live stream, man I'm sweating because I'm so passionate about this topic. I'm so passionate But my passion comes from what you just said about time right How is it for me, man? I monitor people and just laxadaisically going through life And just kind of doing this and that here and there. It's all good Just going through No ferocity No discipline No expectations of a better future, right? They do live in the now They make their paycheck. They look forward to the paycheck and the paycheck comes in and they spend it Maybe maybe it's maybe I'm the bad guy, man. Maybe I'm I shouldn't be so judgmental But it's not like that man It's really just caring because I've talked to too many people junior who enter into the 50 60 70s And they talked to me about nothing but regret Nothing but regret So while you got the health and you got the desire And you've got the little bit of smarts and you've got the education to help Streamline where it is you need to go if you can get it for me great I do my very best to deliver the goods if you can't Seek it out if it's on your own if it's through the internet no problem A lot of the best education can be had for free of charge But it's a ferocity that I go about this project Which makes me think that people need to realize that their time is Finite and they need to make it happen now Not tomorrow right now right now That's why I look forward to this project so much because I never know who Is going to pop in and maybe i'm the naive one thinking that we're making a bigger difference than we are I don't know But I have these little trickles and injects of the channel every now and there was somebody who bought me an email And said dang you said something during that live stream that got me thinking man And I would have never thought about it had I not been just plumbed in free of charge It wasn't about money It was about you giving me a little bit of time And maybe your subscription right and and sit back and listen to what a guy has to say Yep. Yeah, and like you said, it's it's that passion right because people feed off of Energy, right? I I I believe in vibes. I don't know if I've ever mentioned before Of course you do Oh, I do too, but I absolutely One thing I I like to notice from people is their vibe right their energy, right? Everybody has different energy. There's people that are kind of mellow, right? There's people. Oh, I love that movie I There's people that are mellow, but they have a green message There are people that are outlandish and just over the top But but I I really like to do that There's there's there's a market for everybody, right? So what I mean by that is like even if you're enthusiastic It would just chill or anything like that if if people can receive the message It's going to work and what happens is it's a choice that you have to make too You have to make that choice You can it's one of those things that you can lead a horse through water But you can make you can't make a drinker, right? You can't make the horse drink the water So meaning that you have to have that choice Regardless if you have access to information that's a key Even if you have access to information even if somebody's selling you this course you're giving it to the tea If you're not making that choice to make that action. It's never going to work out. Unfortunately That's the choice in life. We have a choice You do have a choice Whether you believe or not you have that choice It's going to take some work. It might take some research But you got to you got to get up and make that choice of like, you know, I want to change Not just myself, but my finding family dynamic. I want to change the way I look at money I want to change the way I look at when I come home to not talk about work to spend the time of my wife To take a bike ride to go on a trip. Yeah weekends coming up We got family when I talk to family members. I'm not even talking about work Even though they might be programmed to I'm like, hey, I just learned something new Right play games early before I even came on. I was just playing with my niece uno We played for two hours and that two hours was special because that's something she's going to remember going down the road Right, she could be you know, she's she's nine now But even though she's 18 she'll be like, hey, uncle jr Remember we're playing uno back then and you were beating me and I finally beat you You know, those are the moments are I would say are more important And always like I said make that choice Regardless if it was safe to say junior I pressed you and said what what is it about your plan? I think he just struck on something that's super important that all people can resonate with Investing has to be a lot more about just the dollars and shares Yeah, you got to have some meaning behind this thing man. You really do I've got so much meaning on this thing man to where if if if if in accordance with the current Consensus in the stock market That we've seen the best days of the market and the stock market will never go up again I will take my entire net worth and I'll turn it over to my children and they'll start on their generation Why because I just I just don't care as much about The money in the stock As I do about the plan and the very financial security If it if it doesn't see okay Let me talk tongue-in-cheek if it doesn't provide it for me, which is my financial goal If I can provide myself some financial security into my future lovely But what's the worst that happens? I go back to where I came from and that's no money You talked a little bit about changing your family dynamic. I don't come for money junior I don't for me to come on to the social media I say that openly not to for people to judge me one way or the other It's just in fact, you know, and I wouldn't change my upbringing for nothing Because now the amount of appreciation that I have my friends for the things that I've earned and You know really worked hard to achieve They're they're sweeter to somebody like myself They they are and if I could just give somebody the appreciation that I feel for things I would but I know carte blanche that there's a lot of people who come on to my message and they listen to everything that I say And they are they are incapable of receiving what I'm putting down. They're incapable Because of privilege Yeah, and it's that same joy wouldn't feel so good if it wasn't for pain, you know And don't ever work look at setback as the I mean failure as a setback failure is where is our best teacher You know there's I I told you before when I first came on the visa and I started investing because I was frustrated with my previous job, right? I made that choice I could have been in the truck back we're in saying life's not fair. This job's not fair But I utilized that time to like, you know what? Let me find something, right? Let me make that choice to find something and that maybe it's because I'm a gemini I'm a big horoscope guy. I feel like gemini's are very passionate Hence why you have your Allen Iverson your Donald Trump even Kanye West. I'm not going to talk about Kanye West too much I know I hate all good. Yeah, there's a level there's a level of passion Whether if you agree with this message or not, he's got this passion I always feel like gemini's have this crazy passion. But that's just how I am I'm just resilient to just keep finding answers and understanding too And my wife has told me a lot of these values to understand that it's more than just, you know, the markets You know, let's go for a bike ride. Let's let's take a trip. Let's, you know, we went to Euro for two and a half weeks on our honeymoon. We went to Greece and Italy Yeah, went to Greece and Italy and it was awesome because you got a chance to To see what's out there understanding the euros. That was the first time spending euros Now I just realized our currency is more than the euro Isn't that crazy? I think people should understand Our currency is stronger than the euro and I believe the pound Correct me if I'm wrong. I think we might be Which is if you do your research, that's incredible when you look at this country I mean, but It's one of those things where like at the end of the day is you got to make that choice folks You make that choice you stick to your plan. Just stay consistent and whatever happens Understand your values and the people around you that love you the most That's what's more important the people that love you the most because that's where the real value is right is Is to have people to be surrounded by people that generally love you for who you are You know Well, well stated man. Well stated. I I got on this Interesting thought pattern today when I locked my apartment and I was I was thinking to myself Man, isn't this crazy cool the you know, just just something as simple as security You know You talk about family You talk about employment. I know me and you or you know, we're working in class. We're both blue collar workers, you know and I wouldn't presume that you like your job But I think it's the byproduct of what you get out of having a secure job and insurance And those types of benefits is, you know, a lot of the reason why at least I do what it is that I do Um, hopefully I would wish upon you my brother that you have some upward mobility As well. That's another thing that's pretty cool is like if you work really hard You can actually move up and then make more money Because you don't get any younger and it's nice to have that expertise acknowledged in in way of compensation Um, I don't know. It's been a while since you've been on the channel, but a couple weeks ago I found a big I I got a big big piece of news In my career. That's why I'm here in new york city And I'll be and I'll be here too man. We need me and you need to hook up Oh, we need to hook up me and you brother now. We're up here and I'd love to see you man There's no doubt. We we go downtown all the time, but You're right. And the reason why I mentioned the key in the lock and the security is that Everybody's talking about recession, but when you ask somebody what their definition of recession is A lot of people have no idea what that potentially means See, I think we've been in a stock market downtrend for the last two years And I'm the only one who speaks like that I've I've I listened to cmbc when it's up 900 in the market and they have all the bulls come on and they're like Yeah, yeah, yeah, it's going to be a soft landing and blah blah blah blah And then like today man, I had a guy coming on and arguing with Stephanie link is really one of my favorite investors She's a fantastic investor, you know, and and she was talking about the difference between the s and p valuation at 17 times And some of these companies that are single trading at single digit forward Pes and it's like They're already there like how much lower do you expect that they're going to go? We've re-rated the the stock market to understand that when times turn and they get better Where else do you want to be? But the usa Where do you want to be? These are attractive markets Even right now with the volatility and the people who are like nah, I can't touch it blah blah blah Eventually that sentiment is going to shift and there's going to be a new renewed hunger for Some bullish conviction to the upside and I will be around to see it And I won't apologize to people. I'm just trying to chronicle the good times And the bads and I would chalk up the last 24 months is being fairly I guess bad times I guess I hate to say that because my life goes on jr. Oh, yeah I don't not go to work as a matter of fact. I doubled down on those things that do help me Focus on other things. I was in the gym again this week five days a week. Boom five o'clock in the morning Savage The only one in there Yeah, do those things man improve upon your diet knock out of vice whatever you can do All right, it did the stock market and your money in general should not rule you You should rule your money So if it takes not taking your entire financial nest egg and throwing it at the whims of the stock market Then don't do that Don't do that take 25 percent of your wealth. See how deep I can cut But don't go so deep as to suggest that you can make it financially without the compliments of investing or becoming a participant It's not going to work for you. All right, you got to take some risk in life Oh, yeah, maybe you don't I don't know and that's the I was making that was I was mentioning before the choice Right make that choice and I can mention earlier in the um in the stream, right? They talk about I'll see and those are reasons why they talk about these tech companies your google microsoft meta tesla amazon apple because obviously they they weigh so much in the overall market, right? um And those are great companies because obviously people use them right even though tesla is a good interesting story because I know The Elon Musk with twitter and everything um if you still host shares good for you guys You know, that's I mean some people made incredible returns the past couple years But like meant like I mentioned before look at some other companies that are not mentioned Um, you know like Campbell's soup and I mean, I know that's run up But those are certain markets where you know if they don't talk about as much then maybe there's a reason why right? They're not tech companies, but you can make some capital appreciation some great dividend stocks, right? That are out there Johnson and Johnson I think yeah tech might outperform. I didn't mean to cut you off I just want to mention and doubles double stomp this Um tech may outperform next year just because it's got so far to go to recover But I think staples are going to be the real winner next year. That's my call I think healthcare will continue to do well Healthcare is a fantastic. It's been the outperformer this year I think real estate will suffer next year and it's going to suffer in a big way But I think staples is going to be where it's at. I think your mondalees. I think your proctor and gambles I think those companies are going to be worth looking. I love Campbell's. I like Hershey's. I like Kellogg I mean you talk about Colgate palm olive. I mean, there's all kinds of cool stuff. You can take a look at I've owned Kimberly Clark for a long long time You know, I I think that's going to be an interesting segment to the market to take a look at I'll benefit from a lot of different ways. I own the entire sector In my sector sector portfolio And then I own some of the single stock strategically and some of the dividend elements of the portfolio As well as in the Roth IRA. So it works. Yeah, oh and me mentioned the Roth For folks that don't know they're going to increase the Roth contribution to 6500. I didn't know that junior. Yep Thank you. That's a fantastic. Wow good stuff 2023 folks the Roth IRA contributions are 6500 obviously if you're over the age of 50, that's 7500 And I believe they're increasing a 401k contribution. So if you do get a match, that'll be awesome You know for those who have 401ks And I think traditional too, I believe. Yeah, so they all tied in together. So, yeah, I don't get a match Do you get a match with yours with the no No, they are my so my company um doesn't do a match for 401k So that's why I mean, I don't do a 401k with the company. So if they're not giving a match I'm not going to put my money in the 401k Um, this is pretty much a high growth mutual fund. That's what I look at 401ks, especially if you don't get a match But that's you know, that's my opinion, but um, the it's it's it's just if I don't get a match junior Um, I've always just siphoned a little bit off and put it in there I started it 10 years ago And it I sniffed 65 000 bucks out of it in 10 years and I don't know where it came from I don't know how I started with 3% if I was going to get some matching out of that like my wife now has got matching with cvs Which is actually cool. She's the only 401k winner that actually has a matching and I tell you what it compounds quickly So I think the lesson to your point is if you do have the matching I think you'd be kind of crazy not to participate I'm one without the matching but I do it anyway And I've been able to build that up fairly successfully too just because i'm a saver and it's another avenue It's just another bucket that I can play with those index funds through the uh through the thrift savings plan for government workers, you know Yeah, you have the tsp I almost had the tsp because I was going to work for uh, the us postal service And they talked about it and I asked the gentleman. I was like, how much do you you um match for the raw if you do 5% That's awesome 5% free money in this country That there's people around the world that are starving brother They're starving that they're they're having a hard time and that's I hate to be like I hate to be to to force people to be like Um, I don't know apologetic for for where you live. I don't believe in any of that All I'm asking for is just a little bit of appreciation All of it You know And and just to just to stop for a second to realize those things that you have that are worth Acknowledging and now is the time to do it during the year now is the time Block all that other stuff out turn it off if you need to it's not going to help you It's not going to help you're not going to do any I'm now that you've told me about the 6500 Um, I'll be there january 1 just like I always am with my raw contributions times two man I'll be at cool 13 grand All right Let it go it's wanted to bring that value out there to you and to everybody else in the live stream That's awesome, man. That's awesome Well, good stuff, man. I got a couple minutes, jr You want to stay on to the end or you want to you want to sign off tell ashley hi for me Congrats to you guys, man. I love you both, man. You're fantastic. And like I said, we're neighbors now All right, so if you fancy a meet-up downtown in the time square, I don't know, you know, if I'm getting bigger than that Um, let's let's rock it out, man for sure. I'm gonna train right away. Definitely. Thank you, man All right, my brother be well, man. Don't be a stranger Your vip on the channel always man, and it's great to see you again, jr Happy holidays to you and the family. Yes, you as well. Thank you right for having me on and everybody in the live stream Enjoy your night folks and enjoy your holidays as well, too You the man take it easy jr. All right, you too, right? All right, buddy Yeah, so that's what it's about community That's for sure as we wrap it down and try to finish up a little bit on if if there's any comments or or any questions from me from this week Super super important that we continue to remain consistent on the message Super important It's cool, man when I have somebody to throw comments Against and jr coming on and sharing his comments and perspective, right? So I know at least there's somebody else out there That that shares in this whole idea that Being a participant in the market doesn't have to be wishy washy. It can be iron clad Make a decision if you make the the the decision to enter into financial markets at the very very worst time There's statistics that are I believe codified in the intelligent investor that would suggest that If you invest at the very very worst time in the market Okay, as compared to what has been historically the best time in the market, okay And you caught that and you invested at the very best time in the market as opposed to the very worst time in the market If you held true in either one of those test cases Both of those investors there would be a three percent difference in the rate of return over time that you would get that's it So the idea is that You take a step back and say holistically. How can I participate in financial markets? Is it good? Well, it's not 29,000 But but it's also not 36,000 where it was, you know beginning of last year when we entered into this year and we didn't know where things were going to shape up I think we've done a very aggressive round robin On the s and p 500 of the last six months were back where we started this summer Basically And we've made a lot of noise for a whole lot of churn and it's generated a whole lot of news in the market I think what we need to do is we need to take stock of Everything that's happened and everything that could have potentially influenced decisions for investors YouTube content creators that come and they freaking go Whoop-de-freaking do I'll be one of those funny guys that while i'm watching people exit from the channel And I say good riddance. They're just not they're not They're not resonating with my message and that's totally fine I can say this with 100 confidence I don't succumb to the whims of pressure of stock market Or the determinations of what others feel like they need out of me on youtube. I don't do that Which is again one of the very reasons why you should absolutely subscribe to the channel and become part of the part of the message here Because you know in 10 20 years It's all going to make sense as to What we did what we discussed how we look to empower people how we look at Making sure that people I got to get mokie finance on the channel man. I haven't seen this cap for a long time We talk about our og's on the channel. Mokie's always part of the family. Absolutely says i'm so rich I had to go back to work I tell you what man. I'm not one of those people that scoff at work and I enjoy my profession man I I dig it. I make a little coin on the side. I'm good. Look, I I'd be bored as hell Um, I'd be bored as hell. I motivate myself to do You know side projects and the independent investor channel. I love this project But to an extent, okay To an extent and I often tell people There's no way I can imagine myself doing social media to pay the rent support the family Expect that I have to sell some people on what it is that I need to sell them on without Changing my personality why so I can buy my kids clothes That ain't gonna happen That ain't gonna happen. No no until I can be proven otherwise I'll continue to do what it is that I do with my current project and um It's super important for people to understand the path that I've taken and the path that will inevitably lead to um a successful Reaching of those financial goals that I've established Whatever it is that you have for yours is great for you too Um, I can I can sit across from a youtube audience and tell you that I'm Rest assured it's inevitable, but I will make it now. I'm here to share that journey with you guys Um, and absolutely look forward to the future with hope Um, not not despair I'm absolutely hopeful now and the more Noise that I hear about volatility in the stock market the more aggressive I get and the more I dig my heels in on Taking advantage of opportunity that could potentially stream my line my opportunity to get to my goals sooner Then later guys, I appreciate you. I really do. We'll be back next Friday on the independent investor channel live stream Super wonderful to be with you guys Enjoy the rest of your guys's weekend. We will catch you next week guys. Take it easy