 Friday independent investor channel nine o'clock eastern standard time we come on every single week. I very rarely miss I'm very devoted to this project just like it reflects how devoted I am on my on my application in investing This is an investing channel. We talk about financial stewardship. We share stories about what we're doing You can find there's a lot of people here in the thread as well That also would probably come on and I think maybe have a little bit more substance to talk about a little bit more positive Breath in the market We did raise 25 bits again this week. I called that last week What I did anticipate was was actually the market taking that information In in stride what I wasn't expecting was the tone from the Fed chair Which was interesting if you didn't catch that from this week a little bit more. Hey, it's okay. We're fine We're gonna do what we need to do I think it was the same old attitude of you know, what if this and what if that and could conditions change Jerome Powell has been steadfast on talking about What needs to happen and it acknowledges really the the the house serious the inflation ran up because of that systemic influx of capital to the markets and It was unprecedented Historically, okay, and so to acknowledge how large of an issue that is reflects how Careful Jerome Powell is going with the rollout of these higher interest rates to try to curb the influx of an inflation which There is data to suggest that those impacts are actually taking foothold Unfortunately or fortunately, I guess for people who have jobs the labor market is actually quite strong And I was just speaking to my friend with passive income investor back behind the scenes He's waiting in the VIP lounge will be bringing him on in a couple of minutes Talking about maybe a hint of roll-off in the real estate market now He's got a global perspective as he is domiciled in Canada. So it's nice to get those International perspectives. I don't quite see it there yet in the US and Jerome Powell did double down on that in that Something's got to give okay, people can't afford elevated real estate prices and also Subject the over the Amortized schedule of a 30-year mortgage to those higher than average interest rates So something's got to give their buyers like my me who are astute I don't look at it like a frothy environment to where I need to fall all over my face to buy real estate And this is coming from a guy who realizes how important real estate is now There's gonna be those pocket markets out there where I think you could do fine real estate is always gonna be strong There's some schools of thought also that would suggest perhaps that maybe based on the supply shortage of real estate That we could be in for a little bit more of a softer landing And it's the same school of thought that we have when discussing the inevitable Stock market crash or even recession. I've been talking the last couple of years about being in financial markets that have been rough and tough and the feeling that you've got about navigating those markets over the last couple of years in my assessment was the Recession and there are schools of thought that would actually agree with me and suggest that if we were going to define the turmoil in financial markets in 2022 then we will know based on the emergence of and the Minimization of the potential of entering into a recession based on systemic shock to the market It is yet to be seen and it's probably a little bit premature Most of the schools of thought now with the inverted yield curve would suggest that yes indeedy. We would have some sort of a Light or a surface level recession I don't really see what the value is in those projections anyway I think sometimes we have to sit back and the title of this video really does call into question The pundits that I watched get wrong during the pandemic low And there's a few folks in the community here. I'm Matt's in the group here myself Kyle's in the group. I've got Aaron with investing with Aaron some really good investors here that Look at those opportunities as opportunities to infuse capital now What's going to end up happening if you infuse one? Chunk of capital to the markets when they're going down You're probably going to be disappointed and you're probably going to continue to watch the market go down I continue to buy as the market goes down and I systemically Or put those injects into the market where I'm not pushing everything into the middle I continue my dollar cost average fund and then I monitor The markets and when I get those large down days those are where I step into the market And I'm a little bit more apt to buy. I think that mentality from a surface level I think is very very Scalable to the masses and I think that it's some it's something that a lot of Retail investors can engage in if they can just buy into that Doing the opposite of the what the pundits would have you Believe is going on in financial markets now sometimes you'll get it right and as a pundit or or a financial Market maker or an analyst that it is your job to forecast those things I think the game is to get it right You know enough to where you earn enough credence in the market and that way you can kind of sell that Product to people but in all reality I like to work off of the premise that we can talk about data and we can talk about how potentially that data will affect Financial markets, but as far as forecasting where financial markets I think it's safe to say that it's anybody's guess Every dog will have its day in in forecasting financial markets, but what does it mean for the individual investor? I honestly think it doesn't mean a whole lot I think when you come back to the tried-and-true focus on plan focus on that Investing time horizon that you have And basically just trying to capture that plan that makes sense for you is really where your focus should be when you start to get caught up on believing that because the sky is falling There's no hope whatsoever and that you need to somehow liquidate your portfolio to somehow safeguard against losses and live to fight another day or at least entertain the opportunity of Interjecting back into the markets at lower levels These are very very dangerous schools of thought and you say well Ryan. I won't do that. I'm not subjected to that I can't tell you how many people I talked to in my day-to-day interactions of people who unfortunately were succumbed to that type of pressure and it is very difficult and I think if we can just acknowledge that and just throw it out there for people and Understand. Yeah, it is hard. It's difficult investing is unlike any other activity that in life can come very very natural Things that you know, we do really really well things that we can control 100% There's a lot of investing that we can control But there is an element that we cannot control and I think that's the portion that can really get people caught up in the emotional aspect and Detract from and move us away from our original plan So with that guys to take a small break and we'll bring Kyle on here to get his thoughts and insights From the country to the north. I'm looking forward to this. It's always a lot of fun to have Kyle on the live stream It's it's fun for me. I'm very tired this week. It's been an absolute grind in the gym all five days this week been a little boxing this week and Really kind of want to acknowledge here what it actually meant to stay true on financial markets Over what was a pre-pro long 24 months for me? Who knows? Maybe we do a mini dip down again. Maybe we detract from these levels. I'm not really sure But it's gonna be fun to get some insights and Jen up some churn here on a Friday live stream guys I'll be back with you in just a moment Welcome Kyle to the independent investor channel. He's a featured guest on the channel. He's come on many many times I feel like you've evolved with the channel here Kyle and Really making some great strides on your own project. Congratulations to you I think the sky is the limit. You've got you know incredible potential coming into 2023 and beyond It's just been awesome to watch your your success great to see you my friend What's your what's your pulse on what's going on right now man? Give us your give us your take for the group? Yeah, I feel like we should just be live streaming our pre conversations. They're a little bit more We were talking about the psychology of just you know people around us a lot of people selling at the bottoms or people pivoting into Directions that are more comfortable for them But have you ever followed the inverse Kramer ETF on Twitter or like the Energy how it just kills it There's I love Kramer because I think he's got I did feel on how wrong investor like mindset is They posted I don't know how accurate this is But the results over the last six months if you bought Jim's picks on the day He mentioned them and sold them two weeks later each time the opposite goes for the bearish picks on a thousand dollars principal invested You'd have a hundred sixty five dollars apparently. I don't know how well it's working This picks since August would be down 83 percent Cumulatively I always just feel like Jim Kramer, you know, I hated Facebook right at the bottom, you know, you know He's like it's done here. It's over and then it shoots back up the time It's just every time he speaks has just become this living meme now And I I love following it because you know, it's hard man people have a hard time buying the dips I mean you you were implementing your strategy You know, even we were discussing to like those October lows were amazing I mean I went real heavy in the October lows now. I'm not having as much fun Now it's like, you know, you don't try the earnings and stuff I think we were discussing this prevalent to point out because I was having a really good conversation with Someone about you know living in the 2008 through some of these financial crises and how you get these relief rallies on bad earnings And we kind of talked about you know last year how good earnings were bad earnings and bad earnings were really bad earnings from a stock price Perspective but now it's like bad earnings or good earnings and none of these companies for the first time Apple You know seeing iPhone sales down and the first time since what 2016 it's brutal, right? And here Apple's up right after earnings and it's one of these things where how many of those earnings periods are we gonna get and how like You know the relief rallies are only gonna last for so long before people bake in that Hey, you know shit slow down here a bit But I think it's a bittersweet thing right because the markets I don't think are as bad as people want them to be I think from like an economic standpoint jobs markets unusual. It's really unusual So it's like, you know, I don't yeah go down on long oil here. Probably a good time to inverse But what do you think man? How do you think the market's gonna pan out? I know you're a little hopeful toward the latter half of this year I'm I'm not sure and I'm not predicting tomorrow, but I mean so Coming off of the last couple of years of fairly poor market performance. I think was all justified I think you have to expand and go back over the last decade as well With the interest rates so arbitrarily low and the cost of capital for the financial institutions being arbitrarily low Then you throw a global pandemic on top of that and I really think that that just exacerbated The end of an era I really do and I think to be Opportunistic when we're stepping into a potential for a little bit more normalized markets in other words, I'm okay with interest rates at you know, two three 3% and you know, we're gonna have to quantitative ease to get there But I certainly was not I was not liking the zero percent. I I really wasn't I think that puts a lot of Animalistic buying in into the financial markets over the last few ten years, especially toward the latter part of that decade And I think when that sets up the way that it does I think it has to roll off and I think this rubber band effect Over the last couple years if I were to tell you that it's just been absolutely atrocious. I'd be lying The most atrocious period that we've had in the last three years was March 20th And that was right during the heart of the pandemic That was a systemic shot because there was too many unknowns in that It affected the world it is just an unprecedented times And I still have people to this day that I talked about it affected their business It affected the people that they worked with it affected family affected everybody across the board And I think right now I think coming off of the last couple of years. I think people are gun-shy. I really do But I think forward-looking I Think that Forecasting where the markets go in 2023. We can have some fun. We can banter back and forth. I don't think it matters I think people really need to come back to the fundamentals and realize look You know the established markets are where we need to be. Okay, you throw Canada in there Throw the u.s. Europe develop markets some of the developing markets And I think the cool part about that is is to ask the question of where we're gonna be in 10 to 20 years And does that establish a next regime of investors that infuse new capital into the markets because of the Technological development see I'm not worried about meta see meta was it kind of a different story Amazon Google came through a couple of Tougher ones. I didn't look at the Apple quarter, but to have the stock react the way that it did What was was it just speaks to the strength of where potentially these companies are gonna take us? And I've always contended one of my veins and bullish roots as an investor It is and always will be my favorite sector and that's technology. So Yeah Yeah, my biggest bull thesis over the next year is it's fun to banter, but I have no idea This has been very very hard to wrap your head around but in the next five to ten years It's impossible not to see the margin increase on every company across the board from Walmart to McDonald's to Tesla to meta I mean I keep talking about the iteration of just self-checkout Automating McDonald's like all of that's going to increase margins and I think it gives purpose So a lot of people are still bantering that the markets are heavily overvalued and they are but I think it's hard to justify Where the values at when we're going through that technological jump still which I think is going to attest to higher returns than people are Anticipating but how that values into where we sit today is kind of hard to wrap your head around but I'm It's it's interesting man I Just getting caught up in the AI stuff and the chat TVT and all this stuff and how much it's going to change the world And we don't even understand the true cusp of it all And it trying to keep focus on that long-term idea and just cost averaging into companies that you like But yeah, the earning cycle was insanely bad. I mean Yeah, exactly like there nobody was expecting it to be good But I don't think any was expecting the reactions right because you know even Amazon I don't like I don't like looking at EPS everyone just kind of looks at the EPS Did they meet analyst expectations? Do they not I don't care about the EPS because Amazon just wanted to be break-even that was their goal They did it whatever but when you look at Amazon's like product net sale growth was nuts Well, I think it went from like 460 billion in 2021 to like 500 in something in the low 500 billions I mean like they're they're still growing revenue, which is just astounding Apple I mean kind of a little disappointing first time seeing those iPhone sales kind of drop off Not that Apple's going anywhere anytime soon my big bet right now is just the semiconductor industry Which is a weird one for me. I had a guy point out He's like you have the weirdest portfolio. I've ever seen Hey, it wasn't weird man, I wouldn't be doing my job right? I don't follow the crowd man I'm in a whole different realm of stock positioning, but But yeah, I love the the semiconductor industry. I kind of fell in love with it, man I knew nothing about it kind of got hooked on it through a few stories went down that rabbit hole for two weeks And if I could go back to school, I think I would try and get a job at ASML I'm like I watch interviews of these kids going in there that are getting head-hunted and with all these degrees They have no idea what they're walking into they have to be trained from scratch going into that industry man It's more advanced than the shit. They're putting on the space station It's it's hard to wrap your head around that technology and the value it puts on society today It's kind of the umbrella everything hangs under right so it's indeed I'm following Buffett into that trade for now, but I'll probably hold a long term We'll see change my mind down the road flip up here and there, but I like it. I love it Yeah, touch my heart No, absolutely. No, absolutely. I Yeah, I'm just kind of in a holding pattern right now I know you had touched on funding the retirement accounts for this year So anybody out there that's that's curious about there I think that's a kind of a fundamental habit the retail investors should really buy into to get those tax protected dollars Socked away, so that's all done You know, I've been watching appreciation since the lows. I mean, I've rushed back in the last Five weeks maybe less Massive I it's just been an incredible run. So I'm not touching anything. Yes I told you that I I thought that the technology sector last year was really really really oversold I think if there's a little bit of re-rating to be had based on the Retraction and the earnings that you touched on I think that's fine I think that I mean we can all remember a time where tech was untouchable You could not get a 5% retracement in any of the big names And and and here we've got an opportunity to buy some of these names I mean, I think your opportunity to pick up meta that was really a quick pivot But I still think the opportunity to pick up names like your Microsoft here You know, which is which is run up, but but Amazon is still down pretty good and Google is still down pretty good Still still quality companies and you know where we're gonna be with those beginning of next year I think just like it's hard to remember when it was very very good I think we in 2024 or reflect back on this time and say man, I can't believe I could have picked up Amazon there I I really feel that strongly about it But you know value started to roll off this week. I think that's been a safe haven I think it's spoke to some of the You know flux and transition and and and small caps are still continuing to get some favor Whether or not that's sustaining and whether or not small caps as they usually do will lead us out of this market I think we still have a few months of Of of wait and see I do so I don't want to be premature on You know jumping back into markets if the market goes up from here Kyle I'll put the skids on buying. I'll still continue to dollar cost markets But as far as you know being aggressive on buying I told you behind the scenes which I think I agree with you I think some of our conversation that we have just off the cuff is a lot more riveting Then when we're on the on the grid, but I feel like over the last 24 months I think the work has been done. I could not have Done what I needed to do in the face of volatility better than what I did it and I give myself credit for that because a Lot of people have a hard time staring down volatility and saying, you know what this this is exactly When I need to be moving in the markets when everybody else is Is is is going against that specific philosophy and it's amazing how these cycles come and go When you've gone through a couple of these cycles and you reflect back on them It's just like man, you it's very it becomes more difficult to see them come and go You're without looking to be a little bit opportunistic in the markets and while you're doing it You do admit to yourself look I could be wrong on this I could be wrong But if you're willing to to to footstomp that idea that time heals all I'm set up right here to allow that time to to make me a winner whether or not that happens time will tell I'll report on that. That's that's fine. But you know, we will see the fruits of that labor over the coming years For right now, it's just banter to see where the markets go, especially the first half of this year I think yeah I think if you want if people want indicators on just market sediment the two things that are the funnest to follow Right now or the US dollar index or the US dollar chart on the DXY Because every time the US dollar rallies the market goes down and every time the dollar sells off the market goes up That indicator is fascinating along with money market funds I think when the market comes back aside from valuation because I think stock stocks appear fugazi stocks aren't businesses They're completely severed industries and you hope over the long term It's a weighing machine and not a voting machine, but I don't think the markets operate like they used to so it's an interesting facet when you look at money market funds because people keep comparing it to Credit card debt and personal savings accounts are in this influx where credit cards hitting all-time highs Personal savings are getting to like decade lows But when you look at money market funds, they're at like multi-decade highs like the amount of money sitting in investment accounts on sidelines from institutions buying bonds GICs I'm like and you listen to these institutions talk about how they're managing that money and putting it into short term 612 month Bonds like you can't help but imagine that that's going to pivot back And I think the scary thing like pointing out oil some of these things like proctor and gamble and McDonald's these things trade at wicked premiums I mean, they're not cheap by any metric in this market because you got people like Great Dalio hiding out there like that's where all these big fund managers are hiding out in the meantime Just to collect cash flow and see what goes on but inevitably it's gonna balance out And you're gonna see tech come back But I I'm so enthralled by just watching because I don't think people understand black rock Vanguard these companies rule the market when they decide that they don't trust the use anymore like it's not me and you moving meta stock It's not like test isn't moving because of me and you and the retail guys It's because some big guy on a button with tens of billions of dollars. It's like hey, it's got to cheap I'm gonna buy it right so it's like when those guys finally pivot back in I don't know how I can take the market in the near term But I really think by 2025 if you're taking advantage of this stuff And I still think there's a lot of good value like Google still think that it could be favorable here But I mean if you can project out by 2025 in the 2030 I think that's where the real favor is gonna come into play from putting in that that fruit to your labor right now I keep saying that this is the year would become millionaires because this is once in a decade opportunity It's it doesn't come around very often and we've had two hiccups in the last two years The pandemic lows and now we're getting these lows and if you're not buying them You're not you're giving up on one of the greatest opportunities We've had in a very very long time for how shitty life's been lately It's like man. This is just the one thing that I actually like I get it It's good like buy these dips man and go aggressive. They could go lower. Yeah We could be wrong the markets could be overvalued, but when you follow the money the money's there It's not mine and your money, but the money is there and inevitably that money is gonna come back Especially once the market levels off interest rates start leveling off I'm curious to see what happens when real estate starts to get hit like you said, I don't know about the US but in Canada That's like the next big domino that's starting to really fall off here And I'm just curious to what that was to the rest of the economy Because the jobs market's fine. So I mean, you know, that's kind of showing a sign of a soft landing in my eyes I mean, that's usually like one of the weirdest indicators to like also bottom of a market is the unemployment spikes But I don't see a spike in unemployment this time around it doesn't seem like it But when real estate gets it, I just I don't know what that's gonna do now variable rate mortgages Aren't that that big in the Canadian markets? I think 13% of all outstanding mortgages are variable 30% of real estate's all like Outright owned by probably boomers the older generation. So I think the market can be stable But as we discussed like interest rates can't go this high without destabilizing the real estate market because the math doesn't make sense And that's what all the realtors that I talked to are saying, right? So I'm curious to see what happens when that domino hits if it does hit bad But like I said, we talked I've seen real estate we're starting to correct in my areas And it's a decent correction like 15 20% thus far and you know if I can we see another 10% on that which the bag Like if you listen to the Canadian Treasury, they think it's gonna keep dropping Which I hope it does because I'd love to own real estate We're getting to the point where it can make sense for us But you know, we'll just play it by ear man. Just just be diligent and patient And you know, I'm not buying these rallies aggressively. I am cost averaging with the dividends But I like buying the when everyone's running around with their heads chopped off Not that I'm buying like tech stocks individually, but I do like my indexes when they're down Especially the S&P now and that thing falls off heavy. It's always nice to pick up the broad base Let that thing wait out the good and bad companies for the time being and if you if you just did the calcs on buying the S&P 500 year over year and just going for that flat year over year performance What you're doing and what you're explaining to people people really need to understand the difference of Monitoring the markets having some fun with it and when you notice that dip in the market To infuse that capital to the markets and that can really really constitute an accelerated long-term rate of return Whereas if you just dollar cost average on a set schedule same day every month by weekly whatever it is Right, you can anticipate a little bit more of an anticipated rate of return But when you're infusing capital that aggressively you made a statement and you said Maybe this is the year to make a million. I you know that I tell you what Before this downturn or I think during it or some time over the last couple of years You know, I just did the figures on it and I said look if I can outpace the rule of 72 And I can get there within five years, you know before 50 that for me fantastic That's a personal goal that would just absolutely materialize I don't know verdict is still out. I think I think you could you could probably do it Depending on how some of the other elements of of what me and you both do Help because I'm not gonna sit here in front of a YouTube audience and suggest that If I do turn out that seven figures, which inevitably I will there's no doubt in my mind When it happens not so concerned about putting a time frame on it But I don't think to not think I'm gonna make it It's gonna happen But I also am very very Specific about some of the successful things that I've used and having that side hustle Five years ago You would I would have said you're crazy. I would have said you're crazy to the potential I'm here to impart to people that not only is the constant influx from The employment a big contributor for me As far as a lot of the intangibles insurance dealing with you know stability all that stuff, right? That you know running a business is stressful. You got to keep that hammer to the wood all the time But I tell you what during during down markets when you're getting an infusion of some passive income or some Multiple income streams that are paying you irrespective of what the stock market is doing Matt man, I tell you what those dollars they they look different to you than always looking at the markets and Knowing the right thing to do is to continue to grin and bear it But you've got this machine over here. That's really really working for you. I tell you what ma'am It's been a big deal. I'm humbled by the opportunity. I really am I Absolutely love this project, but I tell you what if I reflect back on 21 and 22 is being my rough years Which they were I can also Share and impart to the group because that's what we do That there was an absolute bright spot and it had a lot to do with that side hustle income I don't know if you want to touch on that a little bit or if you feel comfortable doing it but I think in all fairness I Sometimes I feel like on YouTube. There's a little bit of a sleight of hand And straight investing is your way to success is damn hard to do now The longer you put that on a longer time continuum the more the success rate goes up, right? But I think if you really want to accelerate that path to wealth I think you probably need to diversify your income streams I think it's absolutely crucial and trying to figure out how to do that is is tougher than then then just talking about it You know got some notes here establish a personal brand, you know do kind of what me and you were doing I know there's a lot of people that engage in different different avenues of side hustle But I tell you what it it can really supplement the bottom line during volatile times Yeah, I think you pointed a lot of things there that I can touch on but the last two or three years In the hardest years of my life hands down just from personal standpoint This is my escape more or less Shit that I don't talk about on youtube man But I think you made a lot of interesting points when it comes and when I stated becoming a millionaire this year I'm saying that not in the within the year, but the investments you make today the internal rate of return will be that much higher In the future. I don't think people can that's what Matt's talking about here. Yeah, it doesn't matter the comprehension that That I'm gonna my brain's going between like 10 different things. You said, let me just try and pace this out Um, yeah, so it's it's really about taking advantage of that and getting that that Extended rate of return into the long side of things because I wasn't somebody that came from a huge income Especially early day in investing so I was relying on my rates of return from the market So I was strategic with the stocks that I was buying But when you're talking about like the private side of business I I don't think people understand that like when you look at your desk, for example There's like you got your Apple computer, you know, you got all this stuff around at your desk You can be one of few things you can work for the company you can affiliate with the company and sell their product Or you can just basically like, you know, work for yourself and create your own product or do something on your own Like but you should realistically be doing all of those like if you want to have like accelerated idea of investing and growth You you want to work for the company you you want to also affiliate with their products and sell them personally And you also probably want to start your own brand and your business on the side If you can do those three things it's hard to imagine that you can be successful at all of them But to some varying degrees, I mean I'm sitting here doing it. So I mean I lost my career in the pandemic, which was rough And I pivoted into doing all kinds of stuff and all of it seems to be working in its own facets Whether it's tiktok youtube, you know, all this different stuff and it's uh, it's good. I mean, I definitely appreciate it It's given me a work from home lifestyle. That's fairly fruitful. I mean it's become a six figure income, but But it's weird because uh, I still come kind of from that scarcity mindset Which I don't think is overly healthy, but I've been dealing with a lot Um, so it's a matter of because I think that's the hard thing for people people want to take vacations They want to do stuff. I like doing that every year, of course But I just don't think people That I don't know how you like that fire under someone's ass without having fear Like when you have job loss family issues like something really bad happens, then you have that instilled This is an opportunity the sun's only shining today. I'm going to work morning, noon and night for this opportunity Like I was telling Ryan like I'm wrecked and here I am on the stream after you know working out all day and doing God knows the amount of work I've been doing since 9 a.m Um, but I mean, how do you instill that in someone right that idea of like because I meet so many people man in my industry So many people are gone I'm talking to so many clients and it's just weird because I don't want to work with them And I'm telling them I don't have time for this and they're willing to pay anything Like I've I've over doubled my rates and they're like, oh no, it's fine Like they can't find anyone to do the work which comes back to the labor shortage in the market Good work. Good. Yeah, good work. It's not like I'm not belittling it by any metric. I love it. I appreciate it Um, but it's just weird to see all this opportunity because like Three of like go back five years ago and I couldn't imagine it and I'm talking to even kids That work for my buddy at his store and just talking to them about their future because they're like 20 years old And I'm like, you know what you got no debt You're in a good spot Like what are you trying to do here and I explained to them like what I'm doing and the money I'm making And they can't imagine making that kind of money They're like, oh, I'm never going to get to that level and I'm like I made nothing for like seven years and I was able to get to this level and only now From putting in needless hours of like unprofitability, you know for putting the time in it's just like Like I said, I don't want to be uh, it's it's hard because people don't understand that like You might not make it to that point and you're going to have to grind and fail 10 000 times over But like it does lead to stuff connections It's we we've been watching uh, if you guys want I think it's really awesome that there's a lot of documentaries on Netflix right now Like the dropout with uh, elizabeth holmes. There are no Go watch bernie made off like you watch these people that have accumulated Through complete fraud billions of dollars If there's one thing i've learned and it's something that I wish I really kind of took into consideration earlier on It's not necessarily what you know as much as it is who you know If your circle of people are making millions of dollars It is going to be an inevitability that you are making millions I work my boss my old boss the kids 23 and he's a multimillionaire because of the people that he networked with and helped start a company with Because they had connections right and now because I have a network of high net worth people managing Millions and billion dollar companies they have a lot higher budget to spend on my skills and because I know them Who do you think they're going to go to to spend that budget? They're going to go to me and that's something that I just in my old days I was working around people that weren't making millions. I had a very successful entertainment career But that entertainment career wasn't anything you're close to the income that I'm bringing in right now And if there's one thing I can only pinpoint it down to Is the network that I have now I've got skills skills matter But if you meet somebody that like this is the whole point of mentoring All right, like if you know a millionaire It'll work for free for three months and say, you know, I'm going to work harder better than the guy next to you And in three months, you don't like it. I'll be out Right like you need those people in your circle and it's just something that now I'm like realizing like if Elizabeth honk and starting multi-billion dollar corporation off a complete fraud And it was only because of the connections that she had in the bullshit. She was able to spin You should be able to do something that's more, you know Enduring to your own ambition and helping the people around you. You don't have to You know defraud people but it's wild to see what people have gotten away with with no skill And no idea what they're doing. So I mean, there's hope for everybody I I I can dream that for everyone. All right So I would I would give you a break, but I'm going to double down and ask you to comment on aduro It just hit a 52 week high this week. It was all time high actually this week Um, it's a project that myself and you are both involved with It is One of my highest conviction picks. I I think when I spoke with ofer vicus the ceo A couple of weeks ago the theme of that interview after 10 years of of getting to where we are with this Little known company. Nobody knows about it. Nobody knows about the company Is execution And and and finding those global opportunities at such a small market cap Um in your back court it's darmaciled in canada in sarnia canada Not too far off No, and some exciting stuff Good cause easy to get behind Um, I'm in a twitter ramp right now with somebody who evidently wants to see it fail I just social media is an interesting, uh Playground for the shorts. Yeah, it's like wow. There's an agenda here. Yeah, you know, but yeah I hope it does fail so we can't address the plastic problem. Maybe you think it's a farce I don't know but it's exciting man. And I would ask you to comment what you think it's a fun company to cover And and bans come in and offered a share position in it. That's great. Congrats. I think it's it's interesting It's a rare stock in that it's up significantly If you go back year over year Year to date it's gapped up But year over year, uh, it's significantly outpaced the market which makes it a target If you put it against its micro cap Counter parts everything has been crushed Crushed no matter how good of quality of market that you are and they've been Some really really interesting targets for for short sellers as well So aduro is not immune to that in any in any facet I think they're gonna have to incur some catalyst here in 2023 and I believe that they will But just bringing the r2 reactor online here And and starting that customer engagement. It's going to be interesting to see What strategic markets they go after they'll be attending a conference over in india And all the research that i'm actually covering right now would suggest that india is just about as hot of an area for this specific market In one of the hottest emerging markets and fastest growing economies on the globe right now So take it away man. If you want to give you two cents elevator pitch on aduro I'll give my honest opinion on it because I do like the company and honesty comes with two sides of the point But when small caps obviously all small caps, especially companies that are growing come with risk This isn't a profitable company. They have a plan and a technology So it's for those that don't know aduro waste plastic is trying to turn waste plastics Like you can pull it right out of the ocean and turn it into profitable fuels from the tests they run and the current lab They have set up. They're proving out this tech That's where some of the risk comes into play because I don't know if there's waste left over from that or what the turn around There's some stuff that has to be worked out that i'm dying to see and i'm hoping I get an invite To that facility because I would be very intrigued to pick some brains of the guys there But when you're talking about the industry it meets a lot of the stuff that I look for in small caps Meeting the people first and foremost is mind-boggling because the the it's endearing how these people operate compared to a lot of other companies I deal with um, which is nice. They seem very mission-driven and they don't really care about the investor relation stuff It seems as much as they care about actually executing on what they're doing and their execution plan is very short winded I mean we're talking by 2025. We'll see a lot come into play With that company, but we're talking about like a multi-billion dollar industry completely changing the incentive structure behind how we deal with waste Because less than over 90 percent of plastics don't get waste. I actually get recycled, which is mind-boggling It's it's a fascinating industry that that has ripe for disruption And i'm noticing this is a trend in the technological jump across every sector It's also happening and i'll touch on aduro But I think people should look into what these companies are doing because I work with companies that are turning municipal waste The stuff that you put in the toilet that ends up in a lagoon Is now also getting turned into profitable fuels and there's companies scaling that and that's it's it's really odd to see Just this stuff that people just don't even think about that's so boring That has been such a plague to society that is actually turning into gold like some people are literally turning shit into gold waste plastic into gold um, and it's a fascinating uh A story and evolution to watch happen. Uh, it's a company that i'm probably going to buy more of It's pretty much the only small cap risk play that i'm holding right now outside of uh some private placements I'm waiting to come public still that are also in similar facets, but more related to like the tobacco sector um, but yeah, man aduro, um It's it's like even if people don't want to buy these stocks. I hate this is why I love like you were mentioning I love stock twits I grew up in the toxicity of the early days of investing where there were only forms in reddit and stuff like that And it's always toxic But I love that rhetoric because it forces you to go back into your homework because you know I speak with certainty But I I'm also like, you know, because I've learned a lot But if I'm wrong like I'm willing to put myself out there admit that if you can put it in my face and show me I'm wrong and so be it But I love that that I don't like being coddled to a lot of money that'll never happen if you make a lot of money In this market It's not because because everybody padded your back and said hey tesla was the best buy ever I mean no 2019 was a rough year for the rhetoric around tesla But if you fought through it you saw those insane returns, right? So I love companies that have that kind of controversy behind it because it'll make you do your homework And you can kind of come to your own conclusion. And if you're right, you'll see those in insane gains But I think aduro is one of those few companies that has a clean stretch. I don't think they're gonna have a problem raising money I think they're gonna, you know, no expenditure standpoint. They're good for the next few years And and they have shell, right? I mean when you just look at what they've done It's going to be just a fun story to follow So I encourage anybody to not just shit talk small caps everyone always beats up companies And I'm like you understand these people are running a multimillion dollar company Who the f are you to talk shit about them? Like, you know, it's a what a 40 million dollar market cap. It's like yeah in this perspective of the world It's small, but what business are you running that's worth 40 million dollars? Like, you know, I think you would be privileged to sit around a table with people running 40 million billion dollar companies And they still should talk them and I'm like What how much money do you have in your bank that gives you the the luxury to shit on this people's livelihoods their dreams Their passions, right now, obviously it's a lot more riskier a lot of that stuff won't work out over the long term So I'm invest accordingly. I'm not putting huge percentages of my net worth in this stuff But you know, it doesn't take a lot to go a long way man. I was like, you know, the crypto stuff But your altcoins it's like you put 500 a thousand in you're talking about a company that could become a multi-billion dollar company At a 40 million dollar valuation give it five years and see what happens. It works out boom You can make 20 50 grand off a really small investment That's why that's like I just think people mix up the idea when you're looking at these The lens that you have to look at it through because they always just look at it is like if it's not apple It's nothing and it's like yeah, but apple's not going to thousand X for you in the next five years It's just not going to happen now. You're not going to put, you know, 100,000 in these companies. That's all you have so I mean, I get it but But yeah, I do respond man. I definitely I love the story. I love I love following it Probably the first small cap I bought in a while considering it's been a sponsor of our channels Usually I don't partake just because of the liability risk because obviously when you're Yeah, you have to be real careful about buying and selling That's enough. So I've tentatively avoided it. But with this company, I'm like, you know, I like it. I like the guys. I like the team. I want to see the lab I'm pumped So as far as owning the shares I've had multiple people actually take that very very positively As far as declaring The actual entry price and and the date that I actually bought the shares. So It doesn't get any more transparent than that I think it detracts a little bit from the transparency when it's just All about the promotional piece to the message, which is fine too. I I think People need to understand that when they watch the wolf of wall street and they get the idea that The pink market Full of 10,000 stocks and that every single one of them is a guaranteed failure I think is Is some is somehow jaded it jades our perspective on it and you have to be very very careful with investing in general Okay, I think a lot of people get overzealous and the best tool that you can utilize in the stock market is The governor to govern yourself Because the potential is infinite Okay However, the more infinite of a profit that you go foot towards The more of the risk evaluation that you have to make in the capital that's put forward to take on that level of risk The idea is to dial back that risk to a level that you're comfortable with and then even side a little bit more defensively on this I think when it comes down to the small cap market, I think I I think unfortunately retail investors all too often Subject themselves to a line of thinking that I just don't think that institutions Think along those lines Do you think institutions go back and forth with each other and say You made a bad investment or or you made a terrible investment and this and that yada yada I don't think though. I think they can invest a lot more free of emotion Than retail investors and I will also say this I've been investing my whole life And the access to information nowadays Made possible through social media and even more so I will double down and suggest that the networks Of people that you suggested was kind of a Recipe for success. I totally agree with you Totally agree with you Would not have been as possible or prevalent in my coming up without the Social media, right? It would have been downright impossible Now it seems like holy moly, which one do I choose? You know when you were talking about different income streams and doing product review and affiliate markets, man I feel like there's too many options So I get the opportunity to kick which ones that I want to leverage and I go with those And I full well know you could probably build a portfolio of a side hustle of businesses that I've left in my dust Because there's that much opportunity out there and when we look at The quality markets and the venture markets Specifically, okay People need to differentiate between the audit scrutiny that goes over those quality companies I've covered a company that's been part of the venture markets turn nasdaq. Okay So if the success or the failure rate is 100 percent across the 10,000 stocks Well, you need to take and parlay that top end of the venture and the quality board markets Those companies that demand a fairly interesting valuation as low as 20 30 40 million dollars, right? And in some cases upwards of 100 100 and a quarter million dollars Those companies that have had their financials scrutinized are and are even Dabbling with their eligibility to turn over to a major exchange I think once you start to scrutinize and learn that I think to your point man I don't think people need to fall all over themselves to Participate with monetary contribution. I don't think that at all But if you don't know shit about these markets I really don't need to hear about your opinion because unless you're willing to engage in the idea that Maybe information is a lot more prevalent and maybe the game is changing a little bit with access to information Publicly discernible information, right? This isn't a secret This is just in a lot of cases. It's awareness to companies out there doing some spectacular things And I think with a duro specifically we almost hold the best kept secret Now whether or not that comes to fruition or not, we will know But is there a chance and if there is a chance I don't want people coming to me a year from now And and bashing the idea if it materializes into something because I'm going to look back and say Okay, well, I guess this was that rare circumstance where we had all the attributes From a fundamental perspective in place pre-revenue Which defines the most risk reward at the time where we introduced the company and here we are Those actually did align and they did materialize fundamentally and here we are looking at Five six hundred seven hundred and fifty million one billion one and a quarter billion dollar company With a duro It's interesting with the three-headed aspect of it because I think it's three businesses in one We don't necessarily talk about the other two verticals, which are very very intriguing But I think it's a holistic education piece And I think it needs to be less about individual names Take it as a grain of sand if that's what you need to do But I think the game is changing and I do honestly feel this way. I'm not trying to sell the the otc markets to people I'm not trying to do that at all. You do what you will. I know what I do for me It makes sense to a certain degree to a certain aspect of the speculative portion because Kyle, here's the thing. I buy the indexes every month I'm doing what I need to do If you're not doing what you need to do in dollar cost averaging markets Maybe seek a little bit of dividend income if that's what you want to do whatever it is If you're looking for an additional layer and you have all those preliminary layers in place Well, then the speculative market is a place that you could look decide either yes or no whether or not you want to engage I don't think so. I've always come to the opinion that I don't really care about market cap as much when I'm buying individual companies It's more or less about just what? So there's a problem with the paralysis of the analysis, right? Like you're mentioning between like self-business and companies and it's just like you you're not going to know everything And even buying good companies, you're not going to know everything facebook could drop No, me percent small caps could implore like you just you can't predict that stuff But when you're looking at companies like you have to look at it from Where's the money going to come from in the future? And again, you have to take a look at it from that that pension fund idea and it comes through esg compliance You kind of have to go through a checklist of like a rhetoric of checklists And just ask yourself like where can this thing go and who's going to want to buy it in the future, right? And when you look at shell getting involved with aduro, I think that's just them trying to get ahead of it Because shell these oil companies already have the same Not the same but similar tech that aduro is trying to do they are they've been trying to do stuff like this For five years and they want to get a foothold in before someone else does and when they prove it out I wouldn't be surprised if shell just outright buys it because they obviously want it for your own tech Like that's why they're doing it right and then you look at the esg compliance and just the realm of You know what that brings in and it's nuts Like I look at a company like northland power like one of these early day stocks that I bought which is a lot smaller Several years ago. I don't own it anymore. I think I sold out of it last year But I mean it's a huge natural energy company with wind and solar And it's just like when you look at the people that bought into that fund that drove that stock up Canadian pension plan and you got to ask yourself like why well, it's future forward looking the balance sheet's pretty reasonable You know, it's esg compliant all this different stuff that they go through And I also wanted to tidbit off like what you said about like these big guys not really caring about their investments And honestly, I think when you realize these these big funds don't know any more than you do It's very aspirational to actually start doing some homework. You look at kevin oliri, man I mean that guy did no real due diligence on ftx if that guy had any real like back end due diligence done It would have been an immediate note of that the same reason all these big people invested in theranos And like you start realizing these people really don't know any more than you do So you can go through the same checklist they do and if it meets the same kind of You know tick off but the thing like you're saying too the the hard thing is being early That's the hardest thing and I think it's hard to preface that you don't have to make a decision today Like what Warren Buffett said like you don't have to swing. I My best stock gains I've ever experienced took me years to find and sometimes over a year before I even put money into it From a year just looking at it like mind met I knew about and watched for a year before I bought it canopy growth corp I had a three-year plan with that Amazingly and I got into like that so early on before anyone gave a shit about the mj market When you know canopy was a nice little thing in tweed not far from where I live And it was the biggest mj company in canada I'm like so you got to understand like you need to kind of look forward and just realize that you don't have to Make a decision on everything like for me tsm was a no-brainer, but and again I could be wrong on that but I just you know it was timing all this stuff came into play And I'm like I haven't bought a single stock since I sold everything off last year I think the only stock I bought last year was a duro and I'm like I'm not in a rush because I don't understand What's going on right so I'm not going to like just throw money at tesla or this because it's down I'm like if I'm not comfortable with it Why do it you just want to find those things you understand and you have to be aggressive with it sometimes because Like I was telling with you a lot of people thought I went way too aggressive on tsm And I might have but the problem is is I recognize an opportunity for me I see the value at play and I know that value might not be there tomorrow So I'm going to do everything I can't today to absorb as much of that value as I can and sure enough You know here we are at like $95 a share and I'm hoping it comes back down But I'm like, you know, I'm annoyed that it in one month It's up to where I was expecting it to be at like a moderate level already So it's like when you see the opportunities like you're saying with the duro It's like nobody knows about this It's like such a nuanced industry and it's it's revolutionary if this stuff comes into fruition to the point of like Waste plasticled it'll completely revolutionize an industry No one gives a shit about that we've been lied to for the last 10 20 years Shipping all our plastics to China to get burned just like computer waste. It's just like man It's it's ripe for disruption and it's literally like, you know, probably one of the most advanced in the industry like the competitors are Nowhere near far ahead and they've got their own tech and patents. It's just like man, you know, it's it's a fun game Man, I love this shit. I live for this shit. It's just fun. I just enjoy it and I like watching people Scam around and I really feel like people get too paralyzed by it all and it's just like look if you're paralyzed You don't have to make a decision. You don't have to catch tesla. You don't have to catch meta It's like you don't need to catch all these But you need to know what you know and make sure you act on it when the opportunity arises Which could take years again like warm buff it man Like I mean it takes years for that guy to make the decision sometimes he does and he's not right on all of them But you know you get eight out of 10, you know, I don't know My biggest concern man is watching people like Jeremy from financial education And I think people get diluted when they think they're right and that's something that I was trying to correct myself on because like The only stock that made Jeremy's gains for the last two years was tesla Eight nine out of ten stocks he picked would have lost you 80 percent of your wealth and some of them are bankrupt Like literally they're bankrupt right now It's like and he acts like he knew what he was doing, but it's like if you didn't pick tesla You would have devastated your account Yeah, people recognize the absurd amount of risk that that that he took on for that and he wasn't a genius By throwing that net out and you know luckily having one hit a thousand x banger But you know most people follow that mindset and think i'm going to buy 10 penny stocks And they don't realize 100 of them are going likely to go to zero because he didn't do your due diligence This is why like this nuanced realm of more capital makes me do what you're doing and just cost average into index Let the waiting mechanism do its job and then just pick a handful of companies You know we get 10 10 15 percent of your portfolio individual stocks and just make sure you do a lot of homework You love them you care for them and you're buying them where it makes sense for you right But in the early days though that didn't make sense for me. I think if you're 20 years old I honestly think if you're not making six figures a year like take some risk You know buy some smaller caps buy things like tesla let it pan out for 10 years It's hard to speak from every direction I think that's the fun thing about our conversations is you're You're coming from a different generation with a different level of health and understanding and i'm kind of in the middle here But then we got 18 and 20 year olds And this isn't a one-size-two right? I mean what i'm saying is i'm going to fit for a 20 year old Yeah, but but but i think i think there's some really cool stuff about what you talk about how you You took that risk early on And it kind of sets yourself up Right to really manufacture some wealth and I I think there's I think young investors could actually resonate with that Now duplicating exactly what you did is going to be impossible. They're going to have to find their own You know pitfalls and they're going to have to go through their own failures You didn't do it just you know with a lot of alpha boards I did too, you know and and If I had stopped at any one of those multiple failures, I wouldn't be where I am near today 100 and the mindset that I deploy in the market right now is A hell of a lot more iron clad than it than it was when I was 20 You know deploying these strategies feeling it out learning through Those you know those actually being immersed in the market, you know I I think there's an old onus that The the best practice that you can have is actually being in the market and having skin in the game There's some merit to that there really is and I I think what me and you were doing and Some of the others here are making the stock market seem a little bit more Attainable for people and that that is the key in in whatever capacity You know, I think if people get motivation from you and they acknowledge Hey, I'm not going to be able to duplicate what kyle does But there's some merit to what he's saying. I I I make good money I don't know what I need to do. I need to strengthen up on the education piece to maybe put myself in a position To to to actually take on a little bit of risk and hey, maybe I don't know succeed Maybe find some success in stock market investing and and maybe come out of it with some learnings that set you up later on in life But let me ask you this. I mean, do you do you foresee yourself? Maintaining the passive philosophy for the remainder of your of your investing career How on that you don't ever see yourself abandoning that philosophy because For me It's a very very stick sticky cornerstone to my to my portfolio. It's one of those that I If it's there, I will win with it if it's there and I lose with it I'm happy with that if and if I end up losing with it, kyle I'll just pass it to the next generation and and catch another Timely aspect to where I think financial markets where will materialize into the future Um, you know, you look at the volatile times. You look at quant trading now You look at algorithmic trading. You look at everything that's going into the market You know, I remember days when a hundred days was catastrophic There was some excerpts of the bernie made off that you had mentioned The the like was the monster wall street, right? And there were some clips of the dow Jones industrial and they were talking about this is the worst day in history And it showed the actual ticker on the points down and it was down like $400 400 points and I'm like 400 points. That's like an average day now, you know Where we can't have swings in the market for anything less than a hundred if it's it's boring if it's You know a hundred or so swings, but I think the market has changed Um, I I think always the fundamentals of the future being brighter than the past Is probably in play And to take that passive aspect to it. I I think there's some Some some real merit to always having some skin in the game. What's your thought on that and that philosophy? The passive philosophy I think can be um a bit hard to understand Because I've evolved on it a lot I think it depends on how you look at it because I don't think if you're buying individual stocks I don't consider that to be a passive strategy and I think people misrepresent even buying dividend stocks is a long-term investing game And they they oversight the actual due diligence required to make sure they get a decent rate of return Uh, it's like one of the biggest concerns It's something that I had to learn over the last two years watching ppc And a lot of these investors that think like cash flow is the the the end be all for like passive income but I think it greatly hinders the younger generation of understanding what Companies reinvesting capital does for a rate of return And that's why I like try and find this balance now of like I like income But I'm not going to be chasing a six percent yield when I can get a one and a half percent yield on a company growing at 18 percent year over year on either yes diluted right like that to to To turn a blind eye to something like that for a higher yield is is purely going to be devastation to your long-term rate of return I like I said if if you're into the the passive style I think ETFs should be a proponent of a large-scale portfolio If you're making six figures a year you're just starting investing or you already have a lot of money I think ETFs are the the pinpoint route of of just avoiding complete destruction to any metric But I used to think I was passively investing when I was buying individual stocks But then people reamed me out when I sell out of them the same way meet Kevin Cobb reamed out But I've realized that like I can only recognize the information that's in front of me and make decisions off that And that can change at any point right forcing me to change my hands big time not making those changes would have been detrimental to my returns like all those gains I made on Tesla my met all these growth stocks like that wouldn't have solidified if I didn't take profit Right and start really scaling those positions down Which the same reason that like I sold out of my tech companies at the beginning of last year Which seemed really stupid to a lot of people but my thesis behind it was look I don't know what I don't know And I don't know what's going to happen with these companies because a recession is going to hit ad spend Recessions going to hit all these companies and I don't know what it's going to do to them So why not just let an ETF control it? I don't want to be out of the market by any metric But I don't want to be playing this hand where I'm not working in these companies And I don't know what it's going to look like so why not just you know Let let it passively be weighted and then just just pan it out and then start buying in when things make sense Even if that's going to be at a premium, right? And I think that's I wish people I hope they don't get trapped in a in a philosophy because I love watching everyone's idea That's how I've learned but people just get so fixated on one philosophy Jeremy's or ppc ends and it's like you need to kind of absorb all of it And then just figure out what works for your risk tolerance and just build off that because You know in the it's like I feel like in the magic days or anybody in entertainment or songwriting or whatever Like you always start by copying people and I think that's how you learn right like you're like oh, I like the strategy I'm going to try day trading Because I started day trading like the first time I started investing I was day trading and I started seeing the volatility I was like that's not for me made some money with it lost money with it nothing crazy But I learned quick right and I implore everyone to do that Maybe you enjoy day trading just understand your risk don't get a gambling habit But you know it's not for me forex isn't for me, but it might be for you Right, I mean try it all if you're young and just figure out what's going to fit in what you find that works Um, but yeah, I like passive investing But that's only something that I think is truly nuanced for me because I've never owned an etf up to last year And that to me is like true passive investing because it's out of your hands if you die tomorrow It's not going anywhere. You don't have to manage it the company structure is not going to change You know it's just going to do its thing like back in the early 2000s when g e and oil giants were the biggest companies on the s&p Now they've been completely replaced And I and I think that's going to happen again. I think in 10 or 20 years I I really think health care ai focused companies are going to take over whatever is the top 10 now I don't think I don't even think apple might be the top 10. I think people underestimate health care I think I honestly think health care is going to become probably the largest sector in the s&p sooner or later Nice in the 20 years. It's one of my big bets I don't have any specific stock bets because I don't understand it well enough But I looking at the broad spectrum of how big the scope of the health problems there are Yeah, the cures to cancer happening and well said placements. I mean those are multi trillion dollar industries forget self driving Yeah, tesla could be the largest company in the world, but that's nothing to extending someone's health for another 20 years I mean you solve heart disease and cancer and organ transplants. That's bigger than self driving And those that solve that problem. I promise you are going to be sitting on the s&p top 10 at some point God man Well said man. Good stuff. Well tell a good having you on brother. We're at the end man I told you you got to enjoy the fastest 66 minutes on youtube for sure brother I was so tired coming into this and now I feel alive. So thanks for it fires you Hey, it's energizing and we hope the group feels the same kyle be in touch man All the best to you man, and we'll be tracking your progress in 2023. All right, brother always a pleasure stay awesome and and stay healthy and Stay healthy with your family and everyone have a good start to the year and thanks man. I appreciate it You too, brother. Be well peace out guys. Yeah later cool cool So kyle's a real friend of the channel. He's been on he's one of my featured channels and He'll remain there. I don't I don't change the featured channels list very often Matt monies in the gallery is also a featured channel of mine as well So you can kick over there and to find some, you know, kind of some specific content as well Surrounding some of the topics that we talk about Like how I was talking about, you know pick that style that works for you Get that holistic idea of of what it is that You know people are sharing through youtube Not everything is good Some things are bad Some things that are bad might actually be good for others. You know, it's uh It's the attempt to if if if our motives are good and the motives are to Share what it is that we're doing and and incurring some success I I don't know some of you guys might not think that Half a million dollars is a big deal and that's a totally up to you I really don't I look beneath the surface of the numbers and and ask, you know, what is being done In lieu or the face of a lot of mistakes that's been made over the investing career and and here we are, um, you know Approaching a a potential here to really set ourselves up over the next couple years We'll chronicle the journey on the channel. It's that simple. It's a lot of fun to share success And get to that financial security, which is what I'm aiming for And to share that journey with the patrons of the channel. I think that's what makes it special These are real These are tangible This isn't made up. I don't get on an entertain yet. I'm not an entertainer I use youtube for The purposes of what I use youtube for and I think no more no less I think that delivers a very very special product for a lot of people out there That may not have those insights As to what is possible to Financial markets that are very mysterious Um, they really do vex a lot of people In in understanding if they even have a place in financial markets And I said it during the live stream tonight That I feel like a lot of our jobs is to try to make it seem as if it's not quite so scary Because in my heart of hearts, I believe that it is not I believe that becoming a participant in markets is Absolutely in everybody's best interest. I think the people that should invest are the people that all too often do not look at financial Markets as a viable option I think the people who do participate in financial markets are all too often the people who don't need it And I think if we're going to close the income gap between Those have nots and the peoples that have we need to start educating those people in understanding that they may now have not But absolutely have the potential to have going forward into their future guys I appreciate you tuning in to the message fast to 60 minutes on youtube man We will be back next friday on the independent investor channel live stream appreciate you guys's patronage And uh, be well. Enjoy the rest of your weekend. We'll catch you next week