 What is going on everybody it's Docs here welcome back to another car video yeah I'm in the car again I kind of like doing these videos it's kind of you know cool getting out of the regular setting of being on the laptop kind of do something different and I wanted to talk about something in this video that's kind of been on my mind here for the past couple of days and you saw in the title it said if you don't have this mindset if you don't have this particular mind frame you know the stock market might not be for you so there's a couple of things that are related to that that I wanted to talk about in this video again they've been on my mind and I figured why not make a video maybe you guys may find some value in it maybe you will relate so let's get into it right now so we've noticed over the past couple of days the past couple of weeks there's been a lot of stuff in the global economy that has been affecting the stock market you know Mexico just got hit with tariffs it was an immigration related tariff you know Trump does not want you know illegal immigrants coming into the country so he's slapping tariffs on Mexico now those go in effect on June 10th and they progressively scale up all the way up to 25% in the month of October in 2018 so that's the whole new thing that has a way on the stock market right and everything else that's been going on in the global economy most importantly the tariffs and the trade war with China these things have put an absolute weight on the stock market so I've been getting a lot of questions like you know Stas are you selling out of your long-term positions you know are you looking to liquidate everything now since the stock market is starting to fall and then I think to myself you know a bunch of people they have a fear whenever things start to go bad like this they have a fear and then they simply just think short term they think short term they see all this news the media is pushing it and then they get caught in this little loop and they lose their long-term vision so they start freaking out they start selling out of their companies whether it's their long terms you know whatever it may be right you know long term stocks you know value stocks growth stocks whatever it is they start selling out as they see the prices start to drop and this makes them lose a ton a ton of money in the long term so the whole idea here guys is you know short term things happen in the stock market right this like I mentioned in Friday's video this may last a couple of months right until we come to a trade war with trade deal with China maybe the Mexico tariffs maybe they figure something out in the next couple of months that's like the best case scenario right in my personal opinion the stock market will likely rebound heavily after that does happen or it can last for another year maybe year and a half two years you know three years and this can have an effect on the stock market that opens up a ton a ton of opportunities if you do have that longer term mindset that longer term perspective of let's say 10 years and if you're into a different strategy of investing let's say you're into dividend investing for example you like buying into companies that are dividend aristocrats to grow their dividends year after year during this time of stock market price drops let's say you're looking at for example like Coca-Cola Pepsi J&J you know some of these big dividend names during those times of price drops what happens to their dividend yield their dividend yield shoots up right so you know four percent let's say it's three percent right now if the stock were to drop 10 15 percent these are hypothetical numbers the dividend might go up to five percent six percent starting out so not only do you get in at a lower price you get in at a better starting dividend yield and as time goes on right your yield on cost becomes better right and then pretty much your dividend continues to grow and grow and grow your average cost and everything the return is better over time so I just really want it to come on today and just nail in the fact that volatility is always around in the stock market the markets are going to go up the markets are going to go down so if you're seeing let's say your portfolio you're seeing it go down 20 percent in a span of three months then it goes back up 20 percent and then it goes down five up seven down eight if you can't really handle this volatility and you can't stomach the fact that you're losing money one day maybe the next month you're making money right if you can't stomach that maybe the stock market just isn't for you right you have to understand there's different asset classes right you can do stocks you can do real estate you can buy gold you can buy silver you can buy all of these different things bonds you know there's a bunch of different things out there and a lot of those are way more stable than the stock market so maybe you have to ask yourself is that a better route for me but me personally I know that I can stomach this right that's why I love the stock market I've immersed myself into the stock market long-term investing you know trading right I trade stocks a lot every single day pretty much and that's pretty much it guys so you know you have to understand the long-term mindset that goes into you know investing you have to understand things happen in the short term but if you have that long-term view you will be able to capitalize on a ton a ton of different things and and businesses and products and systems that are created and a bunch of cool different stuff that's just going on every single day as the world continues to evolve right so if you can relate to this if you are a person that can stomach this let me know down below in the comment section and maybe if you're not into stocks and maybe if you can't handle it let me know in the comment section as well I would love to know you know and and see what your perceptions are what are your experiences with both avenues maybe the stock market maybe some other safer you know less volatile asset classes let me know down below in the comment section I would love to know so if you enjoy this quick little video again hit that like I really do appreciate all you guys out there doing that it supports me and supports the channel in general feel free to subscribe if you do want to see more content for me and if you did enjoy this video I'll catch you all in the next video peace out