 I'd love to welcome everybody to the independent investor channel live stream super super cool to be with you guys navigating through volatile markets certainly to make sure that we put this product down as as often as we can super super important that we do that and you know just just keep everything in perspective that we've got going on with our opportunity super important that we hold true on our program we're going to footstomp some of those things that we're doing that's taking up our time at least on the independent investor I'm soldiered up tonight no doubt about it it's tough times you know you wouldn't think that the market had just rolled off less than 10 percent for sure feels a lot worse than that I do the calcs on the portfolio and I'm like wow it really felt a lot worse than that when we ended up doing the calculations week over week which in the short term doesn't mean a thing you know I'm starting to get so weathered by this and I think when people approach me and they say you know what's going on and people typically you know they approach me more when the market's doing this when the market's going gangbusters they don't approach me very often and say well how's the portfolio doing you know it's always like hey how's the portfolio doing runs the same as same as last year and two years ago and five years ago it's the same you know but we adjust accordingly and I don't know it allows you to take things into into perspective during times like this when you can see through the news media is that people's personal security is being compromised right so it puts things in perspective for you it allows you to do your own personal reflection there's so many different people from all kinds of different walks of life in this in this gallery and you know one of the main reasons why I do this project is I've I've had my fair share of ups and downs in life right and it hardens you and it makes you appreciate the good when things are good and it makes you acknowledge those things that maybe you perceive to be bad rewreck your perception a little bit I think a lot of people expect things to be hunky dory all the time is that really your outlook on life is that you just expect to be on a cloud all the way through life and that it's just going to deliver things on a silver platter see that's the thing is people who have been through ups and downs they understand that the very nature of being against the grid or being put to the grindstone or being challenged in a number of different capacities and in in some cases challenged beyond the the point of of of tolerance in that you know you start to question gosh it can I can I even handle this you know and I think it's times like that that define us it really do I think you know it's it's never as good as you think that it is it's never as bad I say that all the time and I certainly do mean it I think life is a dynamic series of ups and downs never to be predicted on the up and never to be predicted on the way down it's just we prepare accordingly okay to to you know deal with those injects as they come and we control what it is that we can control it brings me back to you know my time on the fishing boats in Alaska here we are man we're floating on a man-made you know piece of machinery let's be real that's made of natural occurring wood and you know nets that we have mended and engines that we have serviced all these things that we have on board this vessel that we can control how well and and how efficiently it runs okay but when we put that net to the test and we put it to the test up in the rigors of Alaska we can't control whether or not there's going to be 10 foot waves that day that we have to overcome we don't know if there's going to be 30 40 not wins that we have to overcome these are things that when we put our best foot forward right creating our plan or our vessel or preparing our vessel for battle okay then we have to at some point let go when we put that to the test and it's the same thing with stock market investing see I think a lot of people they want to prepare in a number of different capacities they know that it's the right thing to do and they would be right they want to set up a plan that makes sense for them and they want to put that plan into place okay and it's easier to justify that said plan when it's put it into action and everything works out on the onset okay but it's times in the short term that really do test every investor okay and I don't want to come across as an investor that is somehow immune to what's going on I don't want to sugarcoat what's going on what's going on from a geopolitical perspective is horrible and I'm monitoring the situation very closely I am from a humanitarian perspective because I have a heart okay but that is separate than my stock market investing thesis and it's not just raising interest rates that has me concerned or monitoring the markets with heavy intent and looking at it and acknowledging that right now sitting across from you guys on a Friday livestream that we are in fact off 10 percent year to date we're off 10 percent S&P and Dow are about the same off just a little less than 10 percent this would be the time when I would start to supplement my dollar cost average strategy with doing a little bit of strategic buying if I was saving to cash for many many months or in some cases I saved for the majority of 2021 I let said plan be put into action over the course of 2021 only to be put into this position here to monitor markets now off 10 percent am I really that excited about jumping into markets with only interest rates being on the horizon as being that headwind to markets now I think the real estate market is too high I think it's running really hot and if anybody has paid attention to the stock market it ran hot there for the latter couple years going into 2020 after the pandemic low it was on fire and it was red hot there okay there was a lot of speculation in the market it was no matter what made sense in market action it didn't matter we were buying it and we were asking questions later now the opposite is happening everybody is selling markets and asking questions later and what I posed in the what's that group my private what's that group tonight was that perhaps maybe that comb over the market is actually presenting some opportunities to folks and I think it is in everybody's best interest to continue to dollar cost average the markets no matter what I mean you're buying cheaper shares now that's something that I do just like sleeping okay I dollar cost average the market but this is where I look to take some strategic spots in certain capacities in the market and look to kind of accelerate my buy my buy points and 10 percent is my first look at the market if we continue to go down 20 percent and we enter into more of a bear market type of territory which could be a little more prolonged then I would look to be a little bit more aggressive as the market rolled off but I'm going to continue to dollar cost average those markets as we go forward but I do have a special guest I'm going to bring junior on junior hasn't been with the channel for a while and he just popped in I heard the ding and I popped over there and saw junior's big smile and he's got reason to smile I don't want to I don't want to steal his thunder but he's going to come on and we're going to have a discussion this evening really just kind of chill out I know that the topic at hand tonight is stock market crash and yada yada yada the reason why I put that right out there out front is to really really just help investors understand that you know these times man they come and go and some of the best minds in investing would suggest you doing nothing holding true on the markets where it feels like it might be better to just stop the bleeding and just sell everything you're still going to be pressed with a decision to get back in the markets if it does continue lower and you're going to miss out if we do one of those rolling reversals and you're betting against the stock market that's had 100 success rate in coming back from corrections bear markets and prolonged recessions throughout history it's just that simple they've all proven to be those those opportunities where you should have just either stayed the course or actually bought more guys so stay with us to be back in just a minute we'll bring junior on have a candid discussion about life liberty and the pursuit of happiness I got my brother from jersey in the house juniors in the house welcome junior thank you thank you Ryan thank you for having me tonight I want to say happy Friday to everybody on the live chat I want to again thank you again for having me on and let's do it man it's a blessed day blessed day today um so let's do it today man let's let's talk you you got some good news first of all the important stuff junior I might add so we're going to put stock market talk aside for just a second I'd love for you to share your newest development in your life the number one the most important development in your life junior take it away so the number one so the reason I haven't been on for such a long time I recently just got married I want to say it's been two and a half weeks into the math I got married February 20th uh Sunday so I got married to my lovely wife Ashley it was a beautiful wedding a long time coming I don't know for anybody that's married here it's a long process to get the wedding as far as planning yes so stock market aside if you want to make money uh just hop into the wedding business photographer videographer Dave coordinator you uh work at a hotel server bartender you name it just no matter what happens in life you will always make money in the wedding business in one shape and in any way possible so I would say join the wedding business guys it's a lot of money but it was worth it and um yeah it was beautiful wedding um just um a lot of changes uh I had obviously I have a new job down in Delaware I'm delivering liquor I finally I talked to Ryan earlier guys I did my Roth conversion which I wanted to talk to you guys about later on tonight how important it is to do a Roth conversion especially during these times when the markets are down the advantages uh as far as taxes and doing individual stocks in a Roth IRA how powerful that can be in the long term so but we'll talk about that later um just wanted to just that's not about me it's about servicing uh everybody here and helping Ryan out because Ryan's been doing that every Friday helping you guys especially today in the past few weeks um so I want to say prayers out to um people of Ukraine or anybody that you know that's um has been affected uh what's going on with um people in Ukraine and Russia I know um whatever uh besides politics and all that stuff I just put my condolences and people that have been greatly affected so that's first and foremost and um yeah just as far as stocks you know um I see I see Kyle there um my Facebook bowl um so stocks yeah stocks like that and many others I believe are great opportunities so if you haven't started a position uh looking forward to starting those positions so I want to yeah I know it's amazing to me I I probably have I don't know 268 live streams I don't know I'm going on a thousand pieces of content you know it's funny about my opportunity in YouTube is I I love doing it I it's um I've got I've gotten more polished it was kind of nerve wracking when you first start a little bit and I like the fact that I've let some of that go you know okay I'm not perfect no no I'm not I never thought I was you know but I think you have this idea when you get on YouTube that you got to be all polished and perfect and look the part and blah blah the fact of the matter is man that people's application is different people's situations are different people's situations as a whole are dynamic and so I think if we can throw these little nuggets out there of you know maybe how you're that's why I like having yanjin you're because you always share kind of how you participate in the investing opportunity you share a little bit about your occupation right you're not the only truck driver out there in the world right so you know people can kind of relate and say how are these how are these people making sense of all this and I think it's it's times like this where I would like to say that I'm providing the most value at least let me be humble and say I hope that that's the case I do because this has got to be hard on some people you know you watch people invest for you know 10 12 years in a bull market people scratch together a little bit of a start you know get a little starting capital and boom they invest into 2021 and bam you know we get a this has been a pretty pretty volatile drawdown and for me I mean it's the tune I I was down $6,900 in one day today you know those those drawdowns are serious and they compound at a couple days this week that were up and it seems like big whoop-de-doo you know we the sentiment is rather slow it was rather low right now and I think some of the selling is unfortunately some panic exacerbated selling of course and I just think we need to we need to teach people man to be strong and hold through and just weather these volatile times you know it always gets better your eyes on the horizon and that's the thing right so there's two things as far as if you've been investing I'll see for you know five years ten years especially you know ten years most people have seen I'll see volatility either correction or I'll see what we we're going now to two years with the pandemic right in 2020 when the S&P just dropped 30% in one month right if I'm if I'm not mistaken um you know hey what's going on Ashley good evening um shout out to Ash she's my newest she's my newest WhatsApp group member she's my new and she's kind of one of those investors that I allude to that may get involved in markets now and it is getting is like man is this what it's about and it's hard to tell people no this is not what it's about but how is it that you can believe any other thing then if you're looking at it every single day and you're like man alive it it doesn't ever feel like anything's ever going to go up again you know I think those are natural feelings and I I think I always just say look wait and that validation will be right around the corner you know what I'm saying yeah and well it's um and especially with markets now these um it's experience and exposure so when I meet my experiences um if anybody invested during that time of 2020 during the pandemic things were shut down right that was one of those things that it hasn't never been in the future where the economy and the US and the whole world just literally just shut down right so you couldn't go to the restaurants like you used to do you couldn't go to the hotels and all these leisure but what happened it rebounded dramatically into the aprils in maize so that's experience so if you've been through that going through this now yes it still hurts right because um obviously you're seeing your equity go down but if you're invested in positive cash flow companies that's why myself I'm not telling people what to do I am a fundamental investor I look at balance sheets I look at cash flow especially companies if you can pay off all your debt do you still have cash still on hand after paying on debt if you do you're in great position because the reason why is because they can't go bankrupt right and you have to have a company that has a mode for those who don't know what a mode is of course a mode is something that protects the company right that has a competitive edge so I still invest in Facebook because I like that they have a branding mode yes I understand there's negatives behind Mark Zuckerberg uh people are not trying to wait I guess the whole 10 years or so for the metaverse but if you look at Facebook itself like I'm just using an example it is a huge branding mode look at your bag of chips look at um any look at any supplies what does it say hey please follow us on Facebook Instagram which is owned by Facebook Pinterest and Twitter and also too with WhatsApp and Oculus starting with WhatsApp that is huge for international especially people in the US that have people family members in Mexico India which India believe by the way is the number one country that uses WhatsApp when you look at those dynamics they're not going to go out of business and when you look at Oculus and the metaverse and VR that's real I don't I don't look at it as like wow that's just you know smoking the air these are real things that are going to be transitioning augmented reality and if you look at Facebook's balance sheet 40 billion dollars in cash if I'm not mistaken I think Kyle can correct me if I'm wrong 40 billion it's not a small number so things like that no there's still there's there's still growing their margins that's the scary part is that you know they're increasing their margins quarter over quarter they just had a small bottom line they beat on the top line that they missed a touch on the bottom line but it's not like this company was priced for perfection at all I think it's actually slipped and now I thought I saw it was trading at 14 times today and I'm like okay we're starting to get a little bit we're starting to get a little silly here and every now and then you'll look at the market kind of like I did the last couple years and I was like this just doesn't feel right it just seems like everything is too good because I've been through this many many times before and when it's good I get a little more skeptical I don't get happy I get skeptical and I get very careful the more out of touch I the more careful I get it's it's times like this where I'm monitoring and saying okay maybe we're in first year maybe it's time to ramp up a little bit in certain capacities you guys do have to understand too I do have somewhat of an established portfolio so a lot of my focus right now is in active investing because my passive investing is doing exactly what I've asked it to do and it's providing me that luxury of staying invested while I'm focusing in on my active investments but I just want to highlight a couple here and get to Ryan's real quick but Ben says 250 more bullish I thought the quarter was fine again it's it's kind of indicative of everything else that is reporting good good numbers but is just wrapped up right now it's just hard to justify stock going up right now with what's going on especially geopolitically which I think is it is the focus I mean when you stock when you start talking about affecting the potential of you know nuclear plants and things like I thought that really sent a trimmer today through the markets especially in the pre-market it's just it's just not good it's just not good and there's a bigger perspective at hand and I think that's dominating the conversation right now I I haven't heard the the inflation you know discussions right now because obviously this is dominating our our our conversation right now but I do want to address this Ryan was right target for 24 so junior was giving me a compliment before I came on live and unlike analysts with an agenda okay I'm independent in my thinking I reserve the be right to be wrong and I reserve the right to be right if I'm wrong on this I revise into 2023 and it will get there mark my word if if things transpire the way that it's transpired up to this point it will be the unknown catalyst that recognize the true value in a company that I think is firing away and it was solidified on the on the last earnings call if you guys missed that or you want to catch it I highly recommend that you sit and listen to their their their discussion it was fabulous they're doing amazing things looking to grow earnings 200 000 this year two to three million and then projections going into 2023 is going to be really the catalyst when they start to roll out their flagship product but I don't want to dominate the entire conversation with this I will roll out my Sunday highly on video which I typically do every Sunday for those patrons that are interested in it um this is just where I see fair fair value and see I have the luxury of doing that from an independent perspective because I don't work for the man I work for me this is my project and I get to offer my objective opinion and my numbers are fairly conservative on what I'm looking at at market grab what I think they could realistically do and trying to price this company right now at four dollars or twelve dollars or twenty four dollars I think is futile in nature if they don't have a bottom line profit right they just started making revenue if they don't have bottom line profit then it's an educated guess and with all due respect my educated guess is absolutely prudent again for no other reason that I don't work for Goldman Sachs I don't work for Morgan Stanley either I work for me and and if there's something to be taken away from that guys the more independent you are with your thought the better off you'll be make this make sense for you don't make it make sense for anybody else you want to agree or disagree with me no problem at all but be independent with your thinking and dare to be wrong dare to be right no doubt about it oh yeah it's a good question thank you Ryan appreciate that and also I wanted to mention people not so I want to put a disclaimer out I'm not a financial advisor no I'm a fiduciary but what I can put out is guys if you're thinking about a rock conversion I think this is the time I recently just did my rock conversion last week I took it out from M1 Finance went over to Fidelity I love Fidelity I love their brokerage it's a credible brokerage but going on with the rock conversion the S&P and the Dell I believe is 10% down from its recent high the NASDAQ is what close to I'm gonna I don't have the numbers Ryan but I want to say about even more than that like close to 20% right it is it is yeah tech has been rolled off really hard yep and if you think about individual stocks a lot of tech individual stocks have been automatically slash 50% or lower so if you have stocks that obviously you did your homework not telling you guys what which one to pick if you did your homework you did the fundamentals maybe now is the time to do a rock conversion because two things right uh tax brackets now are historic lows and you get to save yourself to when you do the I'll see if anybody doesn't know when you do a rock conversion you're doing pretty much pre-tax you're moving pre-tax investment to after tax investments whether it's ETFs index or individual stocks once you have that locked into the Roth IRA you pay the taxes on the conversion but in the long run you save yourself taxes when you get to that age of 59 and a half I myself was 35 years old so legally I'll have to wait till 25 years doing the math correctly I had a few drinks I want to say 25 years to get to 60 so 15 and a half 60 um before I am legally able to take it out tax-free well if I look at how the stock market is compound interest what you have is time time is your best friend doesn't matter what investment you have the longer you hold an investment my opinion the greater the investment numbers are going to be I just actually showed a few co-workers Microsoft right not to say you know most people would have known in 1986 if you would have held Microsoft in 1986 to now I believe it was too you would have got 230,000 return on your money think about that guys 230,000 percent that's just this blows my mind if anybody if I know it and probably they'll never say it because they were hiding but anybody that held that stock from that year 86 till now to get that percent is just astronomical I mean there's many others I believe McDonald's is 60,000 percent return or something like that like this oh and the long one from the 70s so what I say is do the rock conversion if you guys are not familiar with that there's many videos you can ask Ryan it's really easy um the only thing I would say is make sure if you do do it to have cash on hand on the side to pair to pay for those taxes depend on your tax brackets but but if you do do it you can save especially if you're younger you can save yourself taxes when you get to 59 and a half because me myself I do not want to pay Uncle Sam at 60 65 years old you bust your ass at work why pay more but that's that comes from exposure so I'm telling you guys rock conversion if you have an individual stocks that you are convicted you did your homework again you did your homework you are going to make out great so somebody to put that out there I'm just putting the gem out there no it's really sound and and I think just a foot stomp what you're talking about with kind of having an anticipated tax liability in your future at zero really means a lot because in a traditional IRA you're going to be subject to some level of tax in the future but it's not set okay it's at the effective rate date later on in life and effective is synonymous with variable okay so for me a Roth IRA really says you know what when I'm 59 and a half I want to guarantee my tax bracket at zero to the government right because there has been scuttlebutt over the years on doing away with the Roth IRA benefit right to challenge that do I think that'll happen no I don't but where it could be subject to change in the individual retirement account program is on the traditional side of it when they know that that effective tax rate is going to affect those required minimum distributions at 72 I think they increased it from 70 and a half I believe something like that um but eventually you're going to be on the hook and the government is going to say whether or not you want to take those liquidations or not we're going to force you to take those liquidations and you're not going to get to pay the effective rate which is typically lower in older the older you are because your income for the most part has come off a little bit but but why keep that open ended wouldn't that be a tough thing in your 70s to have the government say hey we're doing away with the effective rate at 2.2 percent and we're raising it to 5 percent you know where you've been under an impression your whole life and I say don't even mess with it guys there's some schools of thought on both sides of the house and it becomes very complicated on what IRA you go with whether it be tradition or oral Roth and I always default to the Roth for that very simple reason and we just rather cap my tax liability at zero and live to find another day it's just that simple well right I'm going to comment I believe his name is dark shadow I see uh it says junior is the limit still seven thousand on Roth conversions so let me answer that real quick um and correct me if I'm wrong Ryan so when you do a Roth conversion there is no limit right because when you do a Roth conversion what again you're moving pre-tax money whether it's from a 401k or traditional IRA you're moving that over to a Roth there's no limit on the Roth conversion right you just have to pay taxes on the money that you move over and that depends on your tax bracket depends how much you make you add that in so I'm obviously I'm not an accountant or a fiduciary or financial advisor that you would have to talk to your tax preparer or if you do the research you can find out your tax bracket so when it comes to Roth conversion there is no limit when it comes to Roth contribution if you are under the age of 50 you can only contribute 6 000 per year if you're over the age of 50 you can contribute up to 7 000 per year that's what's called the catch-up phase um until you get to the age of 59 and a half another rule is I'm sure some of you may know but if you don't know if you contribute money to a Roth IRA you have to do the five-year rule so say the limit right now is 6 000 five years you do 30 000 right so six times five is 30 000 but your investment group 60 000 not recommending this but in case of an emergency comes you can take up to 30 000 of your contributions penalty free tax free and the reason I'm going to break it down the reason why it's penalty free is because you waited the five-year rule that's the um the five year for the Roth and the reason you don't pay taxes is because that money's already been taxed so in order to do the contribution for the Roth you have to have earned income W2 like you know obviously working W2's so I saw your question dark shadow conversions um when you're doing a Roth conversion it's different than contribution if you're doing a conversion if you're doing 50 000 100 000 there is no limit now that's up to you how much you want to pay in those taxes but just to answer that question no limit on the conversion part yeah am i right now i want to say that i think i'm right so you haven't only done this for three years you got a bunch of people here who are like you need to start your own youtube channel jr i i think the cool thing about it is and i've always tried to be kind of humble about the opportunity and i understand that i'm just sharing one singular perspective which i think can only go so far i and that's why i'm you're like hey is it okay and i was like i always welcome anybody on the channel because it's cool to pulse in with how other people are applying it's just super cool you know and i i think those different perspectives just makes us stronger as a community i really do and you know i i just thank you for coming on and you've been with me a while jr you you friend of mine i've never we've never met in person but um i i just i love good people man and i love hearing stories from all over i i'm one of those guys that are hard working and i see it in others and i think those are the common themes that bind people together i do i i will heartily believe that with uh with all the divisiveness in the world which i just shake my head i can't i can't let it into my head because i can't comprehend it and i think there's a i at least i hope there's a lot of people out there that think like me yeah i hope you do um you know i've told you right we've so we've met we've met online of course uh i'll never forget this february of 2019 it was you me and i forget that i think it was jamie on um that was the first time ever came on the channel and the reason why i like talking about you with this because unfortunately except for my wife and very few people i don't get a chance to go in death with the stock market and i get it because sometimes it goes over people's heads when you have jargon and language that people in cnbc wall street you name it that use certain words that can go over people's heads because the biggest thing is when it comes to stock market and this is maybe my perspective is not taught in every public school now there's some private schools and some affluent schools that do teach the stock market not to those fundamentals but because of the demographic but it gets obviously deep and i'm not going to get into it but what i'm saying is like i love your channel because you are doing a service right you're not here to every it's all i understand you know with youtube right youtube uh youtubers it's money right when you're putting out content if you have patreon you know the whole thing it's i get it's money but you're doing this on friday night because it's not just like hey i'm doing this because i i need the money i need people to drop in money i need to drop in the patreon it's the service right and i believe in good karma i don't know if you ever heard of tony robbins he's somebody i love to listen to because he's all about service right he's he's big into financial literacy but also the lion yeah he's spiritual me hear me roar he's a motivated tony robbins tony robbins is number one on my list man i'm tony robbins is a guy people he he's one of those guys where i i i love to go to that trajectory right and i love i never realized how important not just stock market but mental health right just talking to people right sometimes you know when you talk to people you know we all have bad days we go through stuff personally financially family person whatever the case may be you talk to somebody you're like oh my god they're going through a lot i was complaining about something i thought that was big but it's so minute to what that person is going through and if you just talk to people you just generally just have integrity just to be a hill everyone's going to be okay you you you be you you provide a service indirectly without you knowing of helping people and that's what i love about your channel and that's why i love to hop on to talk to everybody here just just to do the talk about the route may be small but that can change somebody's life in 20 or 30 or whatever whoever how old you are that can change your life where you don't have to not only pay taxes no not pay taxes when you get to that legal age but be like you know what i learned this from this guy junior stock investor i'm going to tell this to my friend or a family member therefore we're providing we're spreading a word out and to me i get more excited when people have higher returns than myself because it's not about me what this is not about us it's about everybody else here it's about servicing and that's what it's all about and i and i love what you're doing and i've always even i haven't been on channel for a while i've always stand stood by what you do because you're not capitalizing on anybody else's weak emotions when it comes to market you're giving good honest perspective on what to do when it comes to markets good or bad so i appreciate that from you i really appreciate it man um i want to try to try to focus on the successes of others there's no doubt if if i don't think there's potential for this stuff to work then what what are we doing i'm not really looking to waste my time junior and i'm not looking to waste others either people's time is valuable but there's people who are in here every single friday that motivates me now i'm motivated i've said many times i'll come on and do the live stream and i do it for two or three people which i used to do when i first start i'd get on here and there'd be like six people and i'd be like six people this is awesome this is like a small classroom you know this is awesome but now look at this i mean there's 70 people in here and there's a consistent oh wow if you watch this every yeah it's but it comes in it comes in in in ebbs and flows you know on the channel and as long as i'm putting it out there consistently it works for me but i always try to footstomp what works for people people really need to understand that it has to make sense for them and if you can come on and you can see that it makes sense for me that's great but you really need to dig a little bit deeper and sometimes that turns people off i think the topic as you alluded to turns people off in and of itself there's a stigma about finances that i've never been able to really put my my thumb on it's revolutionary when we break the ice with somebody who is is is is um subject to those barriers and don't want to open up just because they think society says they can't open up about their personal finance and and maybe even their deficiencies you know people who have a little bit of student debt or they have deficiencies and spending or they have some habits that need to be broken i can go on and on and on man it's okay there's nobody in this community that's perfect i can tell you that much right now we are human beings we are flawed by nature all right the whole idea here at its granular nature is try to get those common themes that work for the masses and the stock market is not something that you can pussyfoot into and expect to succeed at it just doesn't work that way it'll it'll it'll chew you up and spit you out you gotta be tough and you gotta approach this stuff with with those fundamental swim lanes you know to stay in and once you kind of define that you step into it defensively you can kind of learn the process as you go because there is no substitute for experience in the market and that's what we're trying to do is get individuals that experience in the market let them experience it for themselves in a way that's low cost and tax efficient yeah in its most simple nature you know and and tony robbins and uh in this book i'll give out another gem uh guys either read or listen to audible uh tony robbins book is called money master the game he talked about finances as being taboo right so finances religion race obviously there's a whole different uh obviously a bunch of things that people are uncomfortable talking in social settings whether it's a get-together barbecues uh gatherings whatever that may be finance is one of those taboo things right because nobody goes around saying hey guys i'm making some amount of money or i do this it's uncomfortable and i get that what i do is when i talk to people especially with financial literacy i never asked them how much they make because it's irrelevant that's my opinion it's irrelevant how much you make i always tell people hey the only thing i can tell you is hey there's an easier way right because if you're not exposed to investing you're not gonna people i i've told you the story when i used to see the s&p dow and nasdaq on tv i had no idea i always assumed that hey it's for business people people that made cuckoo bucks not knowing that when i was driving a truck from an old company listen to these things having the time to listen to these things put in two together i realized oh the stock market is easier than i thought and people said we'll write what do i invest in biggest thing i could tell you invest in the circle of confidence invest in things you consume or things you know that make money no matter what economy you have if it's a bad economy and they're making money you go and make you go invest that whether it's tobacco alcohol gambling because those are the three that people spend money on whether it's especially when it's bad it's kind of sad to say and i had mentioned before the wedding business finds something that people are going to spend money on when it comes to weddings right a stock i can put in is maybe Airbnb right people are always going to stay somewhere you know like you know obviously hotels too is another big one the marriott as my personal choice the marriott um but you look at mbnbs um that's a disruptor right and that's a stock where uh you know it's going to take some time to get to those big levels i mean i'm sure it's doing good now but it's one of those things where like people maybe not might not only just might not like flying but like you know what i'm going to stay in the city i might take a road trip and stay in the city that's not too far maybe an hour or two and experience the whole um mbb a whole space baby brings some friends and family you know look at companies like that or look at companies um alcohol is easy i look at sam boston beer i look at diazio brands so if nobody's familiar with diazio brands oh yeah they own kettle crown royal sarok uh don julio um i only see that because that's my circle of confidence because i deliver alcohol and it's through the roof you know um and stocks that i like um obviously i mentioned facebook i uh just entered a big position and paypal today visa is another one visa is great i know it's one of those blue chip stocks and it's not one of those you know it's not a 10x stock that can run up within the year so but visa what i like about visa is another gem is no matter um if it's um credit uh debit um they they are they're a middleman so they give they make money when they give out their name logo to bank of america chase and anytime you use the um a debit card or credit card from visa the merchant which is the business has to pay visa fee so i never knew this um because i was he's not taught in school but when you go to small businesses and you use your credit card they're like hey we got to charge you a certain percentage well they're putting that on to the consumer and when you go to walmart or target and you swipe your uh uh visa debit or credit card doesn't matter they don't tell you how you have to pay extra it's built into the price so i put two in together i was like oh so that's how visa really makes his money it's from the merchant fees how many people use visa debit most of us do whether you have chase or bank of america you what does it say on it visa that's a mode and it's a duopoly with mastercard but i like visa personally because no matter what happens in the world people always using credit cards cash yes people still have cash i understand that but people are always using credit or debit doesn't matter so to me that's that's a stock that i'm gonna hold for a long time because no matter what happens they're gonna make money on the merchant fees but that's not that's not broadcasting the mainstream of things that's something either and that oh i'll give another gem netflix explained that uh they have a series called explain and it's uh money uh they talked about credit cards and how credit cards make their money either you're a trans actor or a revolver it's kind of deep trans actors or people that pay off a credit card right off every month and uh revolvers are people that hold a balance for years and you pay all that interest don't do it guys it's like 18 20 percent of my apr it's it's expensive yeah paypal junior yeah paypal yeah i just entered that position today uh 78 shares i hope it goes down more so i can buy more um i'm blessed i'm not i'm not here to gloat or anything i'm very blessed because just um it's from an old foreign kid that i rolled over to a rob conversion and instead of cashing that money out i took the time to to um educate myself and just put that money to work for me for 25 years uh one of my friends said you're crazy so waiting that long well there's nothing else that i need i have all the things i have my wife downstairs i have all i'm alive i'm healthy i'm one of those guys that don't need big material big materialistic things to feel fulfill the life this right here is my fulfillment is to help others and that's what it is to help others um hopefully if people today um whatever i put out today hopefully it's like hey you know i never knew you could do that in this account or or this or that i never knew visa uh charges a merchant fee some people don't but whatever it is whatever value i brought in i hope that you guys take from it and i hope you compound it to others give it to others to really do because we all work hard i don't know everybody personally but we all work a 95 job earned income doesn't matter with salary hourly commission we bust our ass and we missed out on events too i'm sure most of us have missed out on certain events growing up because of work and i hope whatever i say or ryan says as well can help you guys out in the future i really do uh amen to that man and i i think is interesting you said oh i bought i bought these these stocks and then you apologized right up front i'd like to move to a place where we can talk a little bit more openly about stock purchases you know um along the business thread um i don't i don't think that's something that needs to be apologized for i just think i'm i'm always quick to acknowledge how much of a luxury it is to participate in financial markets but i think there's somewhat of a stigma about retail investors especially and just folks that are earning that every day you know job earning that living going and working hard etc owning stock i'm gonna say it again own stock it's all right and some people are probably tuning in and i know there's gonna be at least a few that tune into me for the first time and are catching us for the first time junior throwing down tonight and they're gonna be like what did he just say did he just say that i can own stock yeah man i'm talking to you too it's a beautiful thing and i i know a lot of these community members have probably evolved with me how do i know that because i've evolved myself i've made it even more common place for myself to talk along these lines so people aren't so scared i don't care if you make 25 000 a year i don't care if you make a hundred thousand dollars a year i certainly don't discriminate i want to make this opportunity available for all people and i don't care if it's 10 shares or 50 shares or 100 or more you see what i mean there's always a relative plan for anybody out there it's just that the key thing is you gotta get your mind right you gotta get that really the philosophy around investing first and then you know the the the goings on that happen inside the account like a v o o a Palantir i did buy this week actually entered in a nice 400 share position i just think it's rolled off way too much but when you look at 3m and we talked to reeds before and utilities before junior right that's one of the major sector specialty ets that i own in each of my respective larger Roth accounts the utilities and the reeds and they're doing great you know in tax and tax free yeah tax free i just we need to understand these benefits like it's putting on your seat belt we really do we need to make it more commonplace across the community and then when you talk to people because you've alluded to it a couple times to junior you talk to people and then you can kind of advocate for a little bit now you want to do it yourself first and and really be that ambassador of the message then when people come to you and be like hey i heard you know a few things about investing can you help me you can say absolutely you know what i mean yeah here's what you kind of need to look at here's a couple of books read this first you know prove your level of interest a little bit perhaps maybe and and then we can talk when when you understand a little bit about what what what to what to expect from the investing opportunity because if i just told you hey buy a b and c stocks you're going to probably go and fail you're going to do it wrong you're going to enter the wrong account you're going to be frustrated that's not doing anybody any good go get a little bit of the fundamentals and then come back and we'll we'll help you with the account and maybe a potential a couple of offerings sarah's offered my favorite right here in this little thread with voo if you can just own the smp 500 oh yeah you're taking a major step in the right direction with regard to a low cost asset in a tax deferred or a taxed advantaged account in the self-directed roth ira account it's fabulous yeah and set and forget it you know and that's one of the things where um you know um three books before i go three books i can write oh i i can't even i put my three over here as i was gonna say so three books i recommend it's rich at poor dad by robert kiyosaki money master the game by tony robbins and the psychology of morgan i'm sorry the psychology of money again the psychology of money uh believe the authors morgan i forget his last name but those are the three books i would recommend to people if you um especially when it comes to money um because stocks and money before you even invest in stocks you got to understand how the money works that's just my opinion if you understand this how money works then you'll be a great stock investor because if you're one of those people that love to be speculative and gambling not to judge because everybody has your own way you're not going to be a great long-term investor in that sense because you're going to look at money different as opposed to being a long-term investor and uh retirement accounts i love the retirement accounts because you can make it fun i know some people like man retirement accounts are boring as hell i gotta wait all these years well make it fun get some individual stocks companies that you know that make money or companies that you're gonna spend money if you're gonna spend money in starbucks every day why not own some starbucks shares you know they for me they're building starbucks everywhere they're building it all over there you go that's a branding mode right there ladies and gentlemen what ryan has right there the way he just put up is called the branding mode it doesn't matter how much little yellow different and people are gonna spend six dollars whatever it costs now these days for those two bucks starbucks coffees just invest in starbucks if you're spending excuse me every day money starbucks invest in my opinion invest because you already know they're making money they're taking your money why not have some equity some shares that can help you out down the road use yourself and your family anonymous says are we in for a frugal decade i hope so i think i think some people need to be brought back to the moon i just don't think that's going to happen i think we're in an extremely interesting time to be an investor i think technology is accelerating so quickly i think if you were to go back 20 years and if you would have said we're going to have companies like facebook and google and you know and the amazon and the like i think you would have thought you're crazy you know um exxon moving out of the dow and salesforce.com moving in yeah with cloud computing and and where microsoft has went and if you would have said yeah we're gonna have a half a dozen trillion dollar companies would you have believed me i i just think it's a fascinating time to be a participant in markets and to be honest with you junior man 20 years from now i want to reflect back on this time and say i i made the decision to opt in rather than opt out it's just that simple i'll take my chances over the long term baby i i don't you know i'm not going to be left on the wrong side of this this decision point i will not am i going to make bad investments probably but i will be a participant there's no doubt yeah and take what the market gives you guys no matter what happens if like right now the market's been going down this week take it so take these opportunities to get into these stocks that they have especially technology technology it has run up has run up big time well now they've been slash 50 60 but if you like i say if you look at the fundamentals and they still have cash flow start nibbling not saying you gotta throw all your life savings in a percent yeah even microsoft how people have been i've you know you know crazy thing right i am about 58 percent on microsoft even with this drop now i am still up 58 percent 58 yeah microsoft isn't it oh brother it's it's it's it's it's power making number two like probably right be an apple as large as largest market cap company 58 in microsoft with this downturn is incredible because i bought it a long time ago i didn't buy any more it was a set and forget it it still is a set and forget it for me and that's it 290 is a great price from it was what was the training at the record high i would 300 forget then um was it upwards to 360 or 370 i might be wrong i don't have the the stock price on me but um yeah it's microsoft is one of those companies where to get a discount it has to be the overall market going down right it has to with the s and p or you know those stocks that index going down will mark microsoft will go down so team money up for yeah this one tying up tying up money is not worth the tax savings um it's it's it's unfortunate um that we think this way um let me give you one of my roots and veins of the channel and i'm and i'm going to profess something that is going to mean a lot to the group here if i was a youtube channel that just came on and talked about stocks and ETFs i wouldn't do this project i wouldn't do it there's 500 channels out there talking about all kinds of different myriad of stocks and etf opportunities and speculative growth and cryptocurrency blah blah blah blah whatever they want okay um tax protection over your money is one of the fundamental truths over your money and when you talk about a time frame of 30 years it is one of two of the only things that are important in investing it's it's just that simple the other being the reduction of cost and i call that wealth preservation over time okay i use the example many many times over and i'll share this with the group because this is life changing so listen up for one minute i want your undivided attention if you start investing at 20 for 40 years okay you invest with a market clip anticipated rate of return of seven to eight percent over 40 year cycle okay and you get that rate of return with certain contributions over the time that can be a thousand dollars starting capital with a hundred dollars a month for all intensive purposes the compounding effect over that money will put you at seven figures over the over the lifetime okay seven figures in all actuality most people opt for the services of a financial planner that will take three percent a year in management fees three percent so instead of one million dollars you now only have four hundred thousand dollars at the end of that 40 year cycle you have just given away 60 percent of your hard-earned wealth to the financial planning institutions and that is example one x one x think about it ten x think about it a hundred x think about it a thousand x what i mean by that is companies like edward jones they can operate with their three percent which is 30 billion dollars a year one trillion dollars of assets under management with nobody walking in and out of their door and buying product okay they don't need that because they're making their three percent in uh industry average over their wad their one trillion dollars okay my suggestion is very very simple if you could take that same seven to eight percent rate of return and you could flip that scenario on its head okay and be that same 20 year old that put your money into a self-directed roth IRA account and you get that same appreciation over time you're telling me that the tax savings over that one million dollars at fifty nine and a half is not worth it this is just where me and you will agree to disagree and it goes along with your saying when you say tax or retirement accounts to people they say well hell i want to retire at 29 okay there there is an anemic view that will be able to fire and retire at 29 and 30 okay me going on 17 years in a military career this year i wouldn't have traded it for the world i've never in my mind thought about retiring early in my life i hate the word i despise it i know i'm going to be 59 and a half someday there's no doubt my mind about that all right but if i could go back and do it again and this is where i want to circle back and and share the root of the channel with wealth preservation which you seemingly want to discredit here with this comment over a 30 or a 40 year time cycle is somehow not worth it when the masses out there are giving away 60 of their wealth over the course of their life my brother something is wrong it is it is wrong and it's the very lifeblood of the channel and it's the reason why i'm so motivated to come and challenge notions like this status quo in the industry because i honestly feel like a lot of people don't know what it is that i know about stock market investing and that's the god's honest truth yeah and that's when it comes to exposure i mean i know anonymous feets uh yt i'm sorry um i'm sorry you feel that way because you know when you look at it's all about math right when you look at numbers as far as roth iris uh traditional iris foreign case you just it's it's out there it's not like anything that's we're not making this up it's out there you can research it on google books and everything when you do pre-tax you save all that money yes you get a tax break but when you get older most people when they work when they get older they're not looking forward to as far as making less money they're looking to make more money tax rates we're not going to know what tax rate is so i'm not going to pretend rise i can pretend no one here can predict hey these tax rates at 25 years from now is going to be excess amount we don't know that it could be lower from now but why would you give all your gains all your money a way to uncle sam when you're working your ass off where you can do it now in a in a roth ira where it says you can do this for until 59 and a half after tax money so yeah you won't get a tax break but you save yourself when you get older to conserve not enough money for yourself but you can pass it on to your heirs you can pass it on to your wife your husband you know whatever spouse you can pass it on to your kids legally i'm not making this up you can pass it on to your kids legally or whatever uh family member and they can enjoy the fruits and labor of a tax free and that can start a generational wealth building vehicle for yourself i just don't you know but at the end of the day is exposure also know for roth ira for sure with an income seal yes there is so yes he's right so when it comes to a roth ira i believe it's if you make more than 146 000 so correct me if i'm wrong anybody in the chat if you make more than that yes you can't yeah you can't contribute that but they still have back door roth ira's i'm sure some people are familiar with that here's here's the thing i want to offer so chase is really sharp man he's been with me a while and thank you chase for your your insights you're really savvy really sharp investor i want to go back and kind of challenge another notion in that if there's the masses out there that can comfortably fund that 6000 per year to a roth ira then i'll eat crow okay but all of these people who are starting robin hood accounts and circumventing their roth ira to start a robin hood account which to my knowledge to this day has not rolled out the option of a roth ira through robin hood okay now here's the deal folks and i don't i don't mean to be pompous i don't mean to come across like an asshole but i'm right okay in so far as people need to check their order of operations okay you want to or you want to have a brokerage account hell i think i have a half a dozen of them okay but i can comfortably fund myself and my wife's roth ira with 12 000 january one every year now if you can say that great then you can start to pick fun at the roth ira and it's it's not good it's not worth the tax protection yada yada yada especially to chase this point if you make less than 130 000 okay 130 000 is a pretty good pretty good salary i've never made over 100 000 i don't know what that would feel like i don't know i'm with you right i haven't had a million dollars oh well i'm a working man right so i've got a i've got a fine surplus capital in the budget okay but for a lot of people out there i honestly think the deficiency is arrogance i do i'm in a retire at 30 years i want to be able to have access to my millions of dollars by investing in a robin hood account and just hitting the lottery and having multi millions in a robin hood account that's just not going to happen and i don't mean to this is why i don't have millions of subscribers on youtube because i would rather seek the truth not to profess that i know the truth but seek the truth and not patronize people who are looking to fire at 30 if you want to do that that's great i'm all for it i'm all for it but to set out as a goal and you make you know a nominal salary one that is eligible for a Roth IRA i.e. less than 130 000 a year why else where else would you justify going then starting with a Roth IRA why would you justify putting the horse before the carriage and starting a taxable account before a Roth IRA i'm right you can argue with me all you want okay but until you can get up to that first 6000 or 12 000 if you do end up wanting to i don't know maybe take on a spouse in this life which is the best investment you could ever make right a partner in crime take on a spouse and then you double it up until you can get to that point in your life where you can comfortably fund that then i'll tip my hat to you and say go for the moon baby you're all good start that taxable account and knock your socks off with whatever it is you need to prove to yourself that you think that you can do to outpace the market to get that to that accelerated wealth because the odds are that you won't be able to do that and that's the hard reality and a lot of people right now in these markets are getting kicked in the teeth and they're learning a hard hard lesson they really are got a rip changer yeah no i was just um and it's just to end on that yeah it's just um i look at this there's a reason why they don't advertise in my opinion they don't advertise the raw tirades and mainstream tv and social media and things like that like there's a reason why they advertise robber hood it's lying it's like a lying telling the gazelle how to get away i'm gonna say that again if they if they advertise the raw tirade and uh the mainstream tv's or social media they if they were if cnbc was adamant of just constantly talking about that it's like a lying telling the gazelle how to get away in the jungle i'm gonna just leave it at that think about that i love it brother i love it i appreciate it man thank you and um i want to tell everybody here on the live chat you guys have a good night hope you guys got some value um don't be scared if you're you know worried just keep investing stay convicted do your homework stay convicted in the um with stocks and investing and you'll do just fine trust me you'll do just fine have god on your side and tell this to others i love everybody here and you guys have a good night happy friday congratulations tell ashley congrats for us jr thanks for coming on my brother thank you man i will definitely i will tell her be well keep in touch all right all right you too right good night guys hi later brother all right later i always love when junior comes on man it adds a little bit of dynamic to the uh to the live stream and um yeah i you know i'm a little harsh in my response i guess i've been doing investing for most of my life and um i've seen different schools of thought and you know just like anybody you can disagree with me it's okay it doesn't mean i'm right doesn't mean i'm wrong it's just um it's just an opinion to be offered for the good of the group and we want to make sure that we're offering uh information for the good of the masses out there i'd love to have the secret sauce to tell you uh to trip and fall into your millions of dollars i just i just don't believe that that's as uh accessible as some people would um would say that it is and i just i would rather focus on those things that actually work things that um my private group benefited from hearing my thoughts on with regard to how to combat these markets um what to do and especially what not to do very very important to to remain different disciplined i've got abhi in the house abhi's been with me a long long time man this is great long time i've been with the been able to catch the stream and start a following community in 2017 right um help shape who i am as an investor in the principles ryan teaches has helped me build uh i really appreciate that you know where we can identify those areas of success for people especially when they've got a couple years strung together um very very powerful when people can can make sense of this and i i certainly don't believe that you have to be the smartest person in the room i just don't investing requires a special pedigree and you know some people you may look at and say wow they make a lot of money they would make a great investor not so fast um i allow people to define their own level of involvement and define their own level of discipline that can render the success necessary in stock market investing and um it's super important to allow people that freedom and flexibility to understand that that they can do it and you know individual success is really what we're after in some cases a small capacity in other cases a very large capacity but but i think their success is nonetheless and i think buffering losses to the downside for people is very very important how to take on a defensive posture in volatile markets like this not to freak out when markets do this for off 10 percent it is entering into correction territory this does happen rest on your program you put the program in place just like the boat analogy allow the boat to sail a little bit give it a little time okay if after six months you take an objective look in this and say man it's just really been a rough ride okay and then after a year you look back and you give it 365 days of market action and you look back and say man that was a rough year you know and then you give it two and three and four and five maybe you ignore it for a while and you say you know what i'm tired of this i'm not even going to pay any attention to it probably the best thing you could absolutely do is is just to tune out of it focus on other things in your life that are more important i talk about this all the time once you get the plan established you're good to go rest upon the morals of the plan and you're good to go specky it's great to see you and thank you that was a special treat i didn't know jr was going to pop on but it was nice to see him and and again congratulations to jr and and ashley they're frequent guests of the channel and we really appreciate it so um congratulations to them it was it was a lot of fun tonight it's it's a special treat for me to do that as opposed to running the live stream by myself which i i do enjoy as well it's no problem i i enjoy the different guests on the channel it's no big deal money master the game thank you bob very cool suggestion very cool i'm just cruising down the list here this crazy market with elevated vicks i have only day trading it caught the bounce this morning on qqq sure posted in a line of that's sure i mean you know whatever floats your boat that's great i i think the level of devotion it takes to to deploy a more active profile and in the markets is you know i could do it i don't have the time i work a day job so it's it's great to have you in the group here and appreciate your comments i i like the opportunistic buys you know swing trading is about as close to i get in in in trading per se but i'm certainly not using the technicals if i were to engage in that more full-time it would absolutely be more on the technical side of it than than the fundamental side of it what i'm doing right now i think anybody can do i think fundamental long-term investing and they're holding up quite well we didn't get to do the portfolio reviews all of my passive accounts are doing just well they're holding right in there in the pocket and we'll wait for a reversal in this market there's no problem i'm buying the market every single couple weeks some of my accounts i'm funding weekly with my dollar cost average schedule and it's um it's it's a lot of fun to do that and chase thank you for your comments as well i i appreciate that it's not how much you make it's how much you can save oh brother if i could tell you how many times over that has been proven to me especially over social media you would be amazed maybe you wouldn't because you were the one that made the statement but uh yeah i tell you it's amazing to me how many people i meet with money and they're a complete and utter disaster not only financially because that can be fixed honestly um but but but just as people um money buys happiness again i've seen it many many times over um people with money and it consumes them it owns them it drives their decision making uh it it it drives the way they act um they can't separate from it they're always thinking about what it is that they need to do with it it's like go to the gym pump some iron go run you know do some yoga go swimming play some guitar read a book i don't know raise children whatever it is that you do but stop doing that because it's consuming you um i couldn't agree with you more that's a very insightful comment i could probably run an entire live stream on that very statement right there chase and thanks for offering your comments i really appreciate it i've gone a little bit over time i'm cool with that i really appreciate you guys obviously when i have a guest i don't i don't really get to do my my normal format but it's it's always a special treat to have a guest on for you guys that don't know i do open up the gallery every single friday if you do want to be a guest on and just come on for five minutes or ten minutes and say hello do it get a little practice on youtube it's um it's kind of cool to come on to a live stream audience it's never perfect but share your story man if if you've got some successes to share and and you think that you've got you know an angle on how you approach investing passively in markets and maybe using those tax uh advantaged accounts like we talk about come on and share your story i invite you openly i provide this as an open forum every single friday to provide the opportunity to to to share testimonials from people it just so happens that i i'm alone most of the time on friday on the live stream and i and i share my thoughts for for the betterment to the group appreciate you scott thank you so much for for stopping in i really appreciate you guys uh and for you guys that uh that feel that way i feel the exact same i i sure do i'm very very passionate about rolling this product out i hope high oil prices will bring a recession um yeah i unfortunately i i think there's some merit to your comment i think it's unfortunate that we're um so tethered to such things i think it's unfortunate but um now we'll we'll see how things transpire we'll we'll see how things uh unfold from a geo political perspective tough times right now no doubt about it that's i had to soldier up tonight yep i had to soldier up tonight guys be tough don't take for don't take what we have for granted don't do that there's a lot of people that sacrifice to give you that gift um don't don't don't don't don't take it for granted okay um added to v as well you bet 3m johnson johnson honeywell visa paypal facebook there are opportunities for sure there there is no doubt um metronic adobe c rm sales force waste management altria group all positions i've added to in the past week you bet you know um and the cool thing about m1 finance is that allows me to just drop let's say a thousand dollars strategically into the account it buys everything in the account um which is great and i'm holding off doing that as of late but it's getting awful tempting as the days and the weeks go by but i actually think we're gonna end 2022 on an up note i uh i know i know i'm crazy what's new i actually think we're gonna end on an up show i'm reading uh ben carlsson's a wealth right on man that's that's great i really liked ben carlsson i i wish he would have um been the president he would have been one of many candidates i i really liked a lot of fun for sure and rebecca's in the house i'm reading unshakable awesome awesome and your contributions to this community do not go unnoticed rebecca thank you for your steadfast commitment to the channel and you know that my focus is always on the individuals that make up this channel and you're a big part of it you've been with me a long long time let's keep on knocking down those financial barriers because your next is quarter million dollars and you say oh that's a big one ryan i don't know i don't know ryan you'll be there you'll be there vpu is doing great it's a great uh specialty tf it's one of the few that i own twice uh i do own it in my large roth ira account and i own it in a very large position uh respectively i own the triple q's and the vanguard's dividend appreciation fund the i g uh that is complemented by the by by vpu in that it's an etf that holds i think 58 or 59 regulated utilities and it's a fabulous product it's a 10 percent year-over-year performance with a nice dividend yield to boot and the other roth ira account we've got supplemented with the v in q which is the real estate specialty etf and then i own both of them in my sector etf portfolio so i'm doubled up on both of those assets i agree with you it's a wonderful product lots of different ways to win in the stock market and i choose to supplement with those those two specialty etfs in my in my roths my larger roths and and it works really really good okay we're out of hundreds of investments i don't doubt you you're brilliant mind i i love having you in the group bob i really do now i appreciate your involvement i appreciate your your commitment to the group and i i appreciate your insights um you're a friend of the channel and a friend of mine what else can i say thank you for your service pay you the biggest compliment i can possibly pay in my friend um you're a treasure to the community and you always will be absolutely very cool uh this grand hand cock okay it's about money but very interesting very cool nice to see you guys are sharing some opportunities um wind moon for highly on i'll tell you sunday it's amazing how these companies are kind of getting swallowed up and beat down even more hard to imagine these companies don't come out of here with some uh revived momentum and uh i will be i will be in the pocket to to witness that and for anybody who's with me on that journey you get to witness it and experience it with me as well all right microsoft is in the house almost to the bottom of the comments here i just want to scroll down man you guys left a ton of comments in here very cool stuff obby thanks friend most consistent honest uh yeah i don't know any other way that's just there's a lot of honest people out there man hopefully i set the example for the way people feel out there you know uh you know sometimes over social media i watch and i just kind of cringe a little bit and it's like gosh man you got the world right there man it'd be awesome if you could just be a little bit more genuine hell i don't know i mean you got a million and a half subscribers just be just be genuine i don't know throw a curse word in there every now and then say fart do it it's okay you're not perfect i'll bet you do it every now and then you know i'm saying it's all right be human being like i said every single one of us are guilty of just that and probably not being as perfect as we think that we are unfortunately the idea is that you tune on to youtube and they provide a nice solid eight minute and seven second video of just nothing but laughter the whole time and i just refuse to do that i won't do it i can't do it and that's just not what i'm gonna do bob says he's waiting for the two hour stream again no problem i'm like a diesel engine man i can throw down um i don't want to overlap with the gents i i know that that did hurt i might go back to it i don't really care so much anymore i was trying to protect the integrity of the channel a little bit more before because it was hurting my channel i just won a big big battle today with youtube specifically and um you guys don't even understand the the the half of what i go through to maintain this social media opportunity for for me and i don't i don't do it for the money obviously because it's it's amazing um making little strides every now and then um trying trying to do the very best we can i've seen the everclear boy somewhere if it's not on twitter and um absolutely that's the key i am too you know what i mean there's a lot of things that i want to improve upon in my life too you know um a lot of cool things and life is good maybe we get there maybe we don't but i think the idea is that we're shooting for something better and and then that's that's really the key there's no doubt cruise up here very cool high earners can have money problems too absolutely um they can also be some some phenomenal minds too some of the best ones are the ones with money that actually can share how it is they got there for sure i'd want to have a business in russia put this god yeah try to keep that to a minimum growl tonight there's no place for war anymore yeah we're proving that wrong aren't we pepsi and mcdonalds seem to follow i'm sure very cool i got michael in the house man and kind of cruised over your comment the first time much love thanks for holding it down um you guys hold it down yourself it's all good um i just i just broke her the business it's all good ariana says hi mr chartier i always know and it's her when she says hi mr chartier go make some pizza all right i appreciate you stopping by i still before i get out of here i i really need to try the best pizza in town i do i'm missing out aren't i oh it's all about the finer things in life there's no doubt about it thank you ariana thank you for coming on i really appreciate that she's one of very few that calls me mr chartier i'm used to being called a lot more than that during my day hi chief hi chief it's just okay enjoyed the stream thank you going on about a minute and 30 guys absolutely appreciate you guys we will go ahead and wrap it down a little bit we'll close it down and and let you guys surrender to your evening um thank you so much it was a dynamic live stream tonight a little bit more positive and upbeat uh than i was probably looking to hop to and jump into my element uh but uh just appreciate the community absolutely um i got dan in the house man appreciate you coming on and thanks for being part of the viper group um things are really advancing that was awesome for me um and i have zero patreon members i started that just as a joke because i knew nobody would sign up i was like i've taught you well i've taught you well youtube there's no doubt about it but for the people who know man and are part of the part of the group and part of the movement that stuff will pay spade someday there's no doubt about that or part of something special and you guys are just the top of the iceberg there's no doubt about that so with that guys um we'll start to wind it down we will be back next friday on the independent investor channel live stream be strong remember your discipline do not sell in these markets stay strong okay remember why you entered into financial markets in the first place continue to dollar cost average the market continue to save cash continue to focus on those things that actually matter in life okay because there's a lot of people in this world right now as we speak of suffering all right so keep your head about you keep your perspective stay tough walk around with your head a little bit higher because you do understand exactly what i was able to articulate over a 40 year investment time horizon for you and i believe that should be common knowledge across all investors guys thank you so much for tuning into the live stream have a great weekend and we'll catch you next friday on the fastest 60 minutes on youtube we'll take it easy and we'll catch you next week