 We are live here Friday evening on the independent investor channel. Welcome to all the devote subscribers to the message and To the grander community here that frequent the message. I throw down on this product every Friday This will be the last one for a couple of weeks here So just a bottom line up front I'll be out of pocket for the next couple weeks on a professional obligation You have some pretty awesome news to share with you guys right up front the independent investor channel Will be seated for the next four years in New York City. Super stoked about that This is where the channel started the heart of the channel here is in one of the most powerful Cities in the in the world and I'm glad to carry on the message. It's super humbling to be able to to be able to To operate here and to share the message out of Really just a stone's throw away from the financial mecca of the universe even though right now it seems to be Operating as if it's a clown show every single day and Be interesting. I would really really be encouraged if there were people out there who saw things as As down to earth as I see them I I Sometimes go back and forth on whether or not I'm the one that screwed up whether or not that I'm the one that's crazy and how I actually look at financial markets and How everybody is so hyper sensitive in the short term on looking at every inject that we get on the stock market and Overanalyzing what it needs to mean and you know a piece of data happens and boom the market's got to go down 6700 points in a day just just to prove a point of the hypersensitivity Surrounding, you know the fact that just three or four years ago We had a completely different dialect different Different Synopsis and a different stock market altogether But I think it just speaks to the cycles of the stock market and I think we're In the doldrums of hell right now to be honest with you. I think sentiment couldn't be any worse I think it's absolutely horrible. What I try to do is put a twist on what it could mean for the For the retail investors out there But we'll have most of their money in 401ks. I get so sick and tired of the question What should investors do right now? What should investors do with their money right now as if that's somehow a Leading question that needs to be answered with some sort of accuracy When I take a look at CNBC and I watch the commentators and I watch them Carry out their interviews and I know their intention is good They're trying to seek at some level of truth and understanding that people are probably watching Trying to understand if it is prudent to make a move in the stock market jarred around a little bit and The best thing you can possibly do and I've never you have heard an investor because they wouldn't be allowed back on CNBC If they came on and said this But for somebody to look into the camera and say Nothing nothing You honestly think that SVB going under SVB was making speculative Startup risks and if you followed the the startup market the IPO market if you started it followed that That there's there's an area an explanation as to the lead-up to this debacle and Who these clowns were that allowed this balance sheet to get out of control Because there's other banks and books of business that are looking this and they're they're they can't believe how leveraged they were with their deposits based on their on their Obligated outflow Pursuant to their book of business now. Everybody wants to suggest that somehow Cryptocurrency is going to be the savior. I find that a little bit premature in that crypto cryptocurrency Just went through crypto hell Crypto ice age whatever you want to call it and I find it very rich for people to be coming on I had one guy come on and say that gold and Crypto gold Bitcoin is where you need to be right now and that you would fade every single Update that you've ever had in the stock market anything that's gonna happen over the next coming months or or need to be faded That that is not what people need to hear. It's not what people need to hear In other words, let me play devil's advocate for a second and suggest that if I was going to try to deploy that a Line of thinking my dollar-cost averaging schedule would cease to exist and I would stop funding markets now Mind you the vast majority of people out there Probably are taking the right approach and that they're naive to what's going on anyway Okay, and I think that's probably just as dangerous as knowing too much or thinking what you know is actually correct I think acting upon This idea that somehow the financial system is going to go under I'm here to tell you that it won't You can believe me or not. Okay, you can have your own thesis about whether or not You think bank of america is going tits up next week Or jp morgan is going to go ahead and lock its doors. Um, that's not going to happen. Okay And I I I fail to understand how credit swiss and svb and signature and these banks that are having problems right now because of The fed has raised interest rates so far that they're starting to be some cracks and even breaks That appear in the stock market and we're somehow surprised by that Um, I don't I don't even know if the fed anymore is completely out of the woods We'll see what happens next week with the fed decision Everybody's asking whether or not they're going to raise 25 basis points or 50 at that point. I I don't really care. Um, it would be, uh An educated guess at this point to speculate on what direction that they're going to go The the the sheer reality of the situation is is is this the smp was up for the week um The dow Jones industrial average is off 5000 points from its all-time high Will we ever see the all-time high again? Schools have thought the acute would suggest that uh, everybody out there That's being reactive to stock market volatility and the acute should just throw in the towel and give up this thing Um, only for the vicious cycle to hold true as it typically does Uh, which would typically benefit the institutions who are being awfully silent right now on the sideline Um Probably picking their winners. Nobody's talking about health care on fire health care is on fire right now I own the sector and I I own a lot of specific stock in the sector Um, I'm whipping some ass There are some certain sectors that I'm still up in Um, and to be up in anything right now is a glorious feeling Because right now seemingly whatever it is that is being done right now is not working and you want to know something That's all right That's all right I've focused in on other things Um to to to work on uh, you know, I wish I could engage in a little bit more Of my my activity of swing trading, but this market has just been so brutal that I've taken a couple of strategic swings in Norwegian cruise lines, which I think again is back to a buy I've swung traded The triple q's t q q q about a half a dozen times And I've made money if you if you've if you picked it up between 20 and 25 You could have defined for yourself a pretty acute trading range if you were, you know, micro focused on the present now and just, uh, you know Leading off a few dollars from the stock market, which is what I've done just for fun You know made money on it every single time. I missed my last entry I knew it was a great entry at 20 the last time it dipped that was just what three four four days ago Um, but tech really showed some good strength amazon back above 100 google looking good These are all fantastic companies. You know meta is the one right now that's involved in a massive shift In cost cutting and reevaluating their position on I don't know naming the entire company after the metaverse Uh and and and understanding that it fell on some, uh pretty scrutinizing investor years To suggest the dump in 10 million down 10 billion excuse me into the metaverse over the next Forseeable future might not have been the most Valued proposition going forward and who's to know But you know, if I was going to be Opportunistic on this market. I would look at big tech right here I I really would technology for you guys that have tuned in to me for the last five years Has always been my absolute favorite sector and it always will be it absolutely will be I I'm a big fan of industrials I'm a big fan of health care You know Energy has really rolled off and I got to get a lot of credit. I see matt money in the in the crowd here He was going against a very very strong current of energy And he was the only guy that I saw on social media saying this ain't this is not going to hold Now just two weeks ago three weeks ago before it started to crack there were people talking about Energy as being the bitcoin that they're talking about now in other words They were talking about that being the bullish call For the remaining of this year and into next year That was really the only one and if he's got a little more updated of a thesis around that idea You know, I I would I would actually that's probably not busy I'm going to invite him into the channel because I'm just feeling saucy like that Yeah, I'm going to just because I can and well, I'm the boss and sometimes being the boss actually this is meant for matt Anybody can use this link actually and kick into the studio if you guys want to click on to here Let's see if we can get six eight people in here and just throw a party tonight This would be the last live stream. I actually do but that that's actually a vip for for matt money He's probably scrambling. He's like man. I gotta get on here and say hi to ryan If you don't feel like it matt or you're not if you're not proper Don't worry about it. I'm in pretty good spirits tonight. That's for sure, but Yeah, really holding in on the portfolio As far as new strategic moves right now in the stock market. I have started Some really exciting new speculative decisions. I'm now engaged in a couple of projects that Are are really fun and and Very cool projects This week was devoted to stallion discoveries. I I had drew Zimmerman On the channel. They had their non brokered Private placement issued in in the amount of about four million So they're engaged in that survey work up in the at the basket going after uranium Which uranium is creating its own bull market In and of itself and I think if gold does surpass the 2000 mark I think we're probably probably looking at a multi-year bull market, but Who am I? I'm just a nobody on social media, but I'm going to bring on somebody who's definitely not a nobody He is the who's who Of social media as a matter of fact This guy is so down to earth And so Pointed with his advice. You actually have to do something that escapes a lot of people and that is listen You got to listen my friends and you can't be afraid to deploy really really good information with you get it But we're going to have a special treat tonight. It's been a while since I've had map money on but With that I am going to bring that money on in like one second But before we do that, we're going to take a small commercial break and I'll be back with you in just a moment What you got to do man, you got to do your jumping jacks. Is that what you got to do to get all? I I look like a poor person though. My green screen isn't working. I got boxes in the background from a tv that I bought Um, so yeah, sorry. I was just I was just getting a little little situated, but I appreciate your commercial quality man It's always really good. I'm appreciate you bringing me on the channel. It's always always a pleasure I I haven't talked to you for a while man. What's been going on? I I'd like you to update me on some of the progress I know You know the best I've been tracking is that you've been dabbling and rightfully so in the real estate game and and congrats I tip my hat to you You're one of the you're one of those few cats man. I do not follow a thousand people I do not follow a hundred people you're in my like unique core that i'm just like yeah, man I just I want the very best for you and I and and I think it's happening I appreciate it. I just want to check. Can you hear me perfectly fine or? Yeah, I can hear you. Okay, perfect Real estate's going good, man. I I'm like, uh, I think I stumbled into something really good I don't think everybody's situation would be that good Yeah, we just found the right guy who was like, you know what? I'm moving to florida. I want to sell the portfolio and Um, it's looking pretty good. We're at about for a book to date. We're at about 40 percent occupied It's a seasonal rental. So the fact that we have ready all that year 2023 for 40 I got you. Whoo. Yeah for the whole year. We're at 40 percent booked. Um So summer is like 85 to 95 percent But anyway, I I'm like literally talking to my other buddies like I partnered it with my one good friend And I was like the fact that we haven't been doing this was like doing a disservice to ourselves If we're able to figure out a way now, I'm not I'm not gonna I like I like talked about it my one buddy was like just sell your whole stock portfolio Let's do it and I'm like no I can't do that. But I definitely would want to buy another one or two a year But it's it's a good good opportunity If you could find the right place right location Which I think that this one is then uh, then yeah, it works out But anyway, I don't want it to be all about the real estate. Um, congratulations on hanging out in new york for another four years not moving the fam I'm um, I'm humbled man I'm about to give an address here in june that's gonna turn some heads I will make that available through social media. That'll be a special treat if you do follow me, man You're gonna want to catch that address because I'm gonna touch some I'm gonna touch some heartstrings for sure, man You know for a kid from the country man used to skinny dip in the pond and kill bees with mud patties Um, you know, I'm here in the big leagues and I know in your industry You're kind of in the big leagues as well. I used to work down there. Matt. That's what we have in common I mean, it's the second or third largest petrochemical in the world If not if I'm in my mistaken on that it's right there in the top three I don't think it's number one, but Houston's no joke and um, it's just an honor to be Doing what we do. We're lucky to be doing what we're doing and You know, that's why I look at the the stock market here in a box and Is it right to just fall all over ourselves throwing up our hands and Questioning the banking system and acknowledging the bitcoin run like it's, you know, the crypto craze and You know, I just two months ago It went through its crypto winner I mean bitcoin was up if I'm not mistaken end of middle of last year in the last year I mean, I can't remember exactly where it fell off, but you know 50 60 thousand Per coin and it dropped all the way down to 15 16 thousand. That's a massive decline massive Um, especially when the fundamentals really didn't change. I didn't think that the exchange I didn't think that that was a systemic reason enough to affect bitcoin But obviously as the most recognized And probably the one that is going to make it long standing Is going to suffer from it But but a little bit premature on this whole idea that you know, the entire financial system is going to go Go to the wayside and we're going to all be relying on bitcoin But um, I do have a question directly for you I could just retire and exit stage left and let you run this thing because everybody wants your Your your insights anyway, but uh, what do you want to talk about tqq? Yeah, yeah, I never sold any of it. Uh, in fact, I've had a little bit every once in a while But it was always a position that was and I ensured and I always talked about it To be something that was limited to the portfolio in terms of total percentage And so I think a lot of people are sitting there being like I told you so and I'm like, well You know, I'm still I still have a pretty good size portfolio. It didn't take me down But yeah, I think I'm sitting on like a 50 Of check that's like a 50 I think loss Um, but I mean I'm open with it. I don't I don't hide anything from anybody And yeah, I think uh, I'll pull it up. But yeah I don't I don't think I don't think we could could we watch technology run up over the last 10 10 years There was nary a day that we tune into the market and see amazon down or google down You know nvidia down and and the entire sector has just gotten crushed And you know, it's been the last year it's been very very tough with technology And it started with the raise of interest rates and in an interest rate environment, you know It's going to initially roll off Because the environment has definitely changed but I think now often some names 50 60 percent, especially nvidia is really showing some strength I think the most I think the most volatile in the name is meta right now That's the one that makes me a little probably the most nervous and then the most bullish i'm on is is google and amazon For sure. I mean those are just elite. You know if you were gonna You know based on valuation. I think you could have justified not buying it You know for the for the first part of the last decade But the latter portion of the last decade it's it's really rolled off And I I think adding amazon here is prudent over the long term for sure. What's your thoughts? I agree. Um, I've had I was listening to a podcast last night or rather a stream that they normally turn into a podcast and they were very I guess aggressive against google and I think that Against google? Yeah, that's mark. You know, they're the number one search provider And I think that they're reading too much of the headlines about the chat gbt's of the world being searches going to zero And I just don't foresee that happening. I mean google on its own You know is number one in search and I think that if anything they'll have ai Enhanced search You know and I honestly don't think that you know the the gbt's of the world and Of course, I don't want to go down a rabbit hole But I think that they anticipate that a lot of the kings always move in and out and I get it I see that microsoft has been one that has been able to hold on since you know the the 90s as being a behemoth but I'm long. I I I think short term. I'm over 300 shares a piece I think i'm trying to get close to 400 In probably the next year or so But I like both uh google I'm way better in position of I was buying amazon because I was late for the party So I'm down about 25 on amazon. I'm only down. I'm up on google actually So I Yeah, I wasn't lying. Yeah, I'm getting pretty close to 400 on google amazon I'm like 35 shares away So they're probably some of my bigger individual positions behind shell. Yeah Yeah So you're holding a pretty big position and shell Is it is it They're they're trans the transitional business with shell that you're because you can speak Way more in depth about it. What do you see in there with shell? Is it the transformation to renewables or the thing that I like most about shell is Actually, we might be able to announce something here not Me personally, but they'll something I just worked on with them. Hopefully in the next couple months we'll be able to announce something but Um They don't They're not very whimsical They're very calculated. They invest through the cycle And they know that oil is going to be around and coupling that with Coupling that with prudent Investments in future technologies. Yeah, I think I think that they do a good job They're like very steady about the pace, right? They're not like these Some of these other folks I can't mention names, but Some other folks that are very much like pendulum swingers Where you know the oil price goes down. They hold all investments then the oil price goes up They hold all investments keep in mind That some of these things that we work on and you know this more than anybody ryan When you're getting boats made in korea and you're getting things facilities made in china Some of these things take five to ten years before they actually start producing a barrel of oil and so That's at least the business I work in. I don't not all of our businesses in that but You have to think like just because oil price is 30 bucks today doesn't mean in five ten years It's going to be 30 bucks. So shelled is very prudent about they're just having a Very long term mindset whereas some companies are very Hey, the oil price is good. Let's drill it now versus when the oil price is down You know you you come back. I I see the Moves a little bit but to have the extremes Not a fan of shelled has done a very good job over the past 10 years And so To me, I thought that they were the most prudent investor Coupling it with the long-term transition. I think that they'll be One of the best I mean they made over 60 billion dollars in cash flow from operations last year absurd absurd the hemis the hemis Hey, you want to take a you want to take a crack at this and then I'll and then I'll I'll take a crack at it I want to be fair to all the community members and I don't uh, I certainly don't discriminate man Um, I know it's tough that you fall victim sometimes to the emotional piece to the to the puzzle I I just fall on the sheer statistics of the fact that Um Why do most people sock and it's like okay? Well, you think you need to evaluate Where's your household debt? Is it with the statistics? Right right now? It's at 15 000 of unsecured household debt in this country Um, so it is a broad swath and perhaps maybe irresponsible on my part But it speaks to the fact that even a few hundred dollar emergency expenditure is going to put most people in financial ruin Which would absolutely Back me up on the idea that most people absolutely suck and it's not because of those acute conditions it's about people's lack of mental approach And suggesting because I invest in an acute name that is not part of my total comprehensive portfolio what would somehow Minimize my observation that people buy into what's going on right now As if I need to panic my way out of the market and I need to You know somehow run for the hills or I need to somehow sell and wait for a better day or Hey, what are investors supposed to do right now and the prudent thing is just to wait through My challenge to retail investors is do people truly understand? And and truly resonate with the idea that that's exactly what they need to do If they're going to do anything they need to do more Um, you know, but to suggest that I take a strategic stab and I've been in the stock three years in the in the eyes of the of a startup that's nothing And people want to attach in the acute Investing in a stock and if something doesn't happen in a week Okay, I'm okay with that And then something doesn't happen in a month and all right. I'm still kind of okay, but it feels kind of funny Six months go down the line and I'm starting to kind of really just not really dig this shit too much, right? A year goes by and god forbid. Okay now you start looking at it And you're like, okay that more on 12 months ago that made this investment has completely changed All right, right? They're talking about bitcoin going back to 50 000 and somehow My thesis that I had 12 months ago needs to somehow be discredited Because people are telling me that it needs to be discredited, right? Right? I absolutely don't suck as an investor, but I just can't resonate with this idea of holding this any longer than 12 months Time is immaterial when it comes to the stock market Okay, and if you're evaluating companies Okay, based on the performance of a stock Then you're just doing it wrong You're just doing it wrong and you can disagree with me all day You can make your decisions based on the fluctuations of stock over a week month six months year If that's what you want to do, but the fact of the matter is I don't suck I should based on my income. Okay, my income is in line with the average income in this country All right, average income worldwide is less than 9 000 dollars per year 9 000 a year here in the states we are lucky All right, average income is about 56 000 per year All right, and we do a really really good job of bastardizing that household income And giving away the farm Because we can't resonate with this idea of putting a little bit away for our financial future with regard to the comment And highly on I'm eligible to make those strategic stabs. All right I have earned the right to do that and for the masses out there I would Highly encourage you to get to that level, but most people are not there yet. Do you have a shot at it? Maybe help our audience. Yeah, absolutely I think the thing that with retail investors is a very broad term right, but I think a lot of people Don't realize that it's personal Finance and as you kind of said right you and me you and I can chat back and forth And we're on a same playing field in terms of hey, this is what I'm doing with my portfolio versus Let's just say maybe somebody else that's sitting in the channel that might have a thousand dollar portfolio And you know you and I can take those strategic sort of bites At these opportunities and hold on to them for five years And it's really not going to hurt us because we're in our own race We're saving 20 30 of our income maybe more And a lot of other people are expecting that these things are lottery tickets They can invest a thousand dollars and they'll never have to work again in two years But unfortunately the the hard truth Is that anybody can invest at these days and that makes it a little bit more harder You have to think If anybody can do it it's going to be very difficult, right? You have to do the things that people can't do in order to really stand out and make that true Jump to the next level, right? And so the playing field has been evened by the fact that everyone has access to at least in the united states And has the opportunity to invest in the stock market So what's that mean? It means you have to either be really really good Really really smart or lucky to get to where you're at you can't invest a thousand dollars And it's some stock that you heard at the the the water cooler um and Expected to be a moonshot. I mean a prime example of this people look at this and they think it's like legit lottery tickets We got our bonuses on tuesday or wednesday So i have a buddy come up to me. He's like, oh, he's like, you know, i'm throwing around 500 bucks on this a thousand on this Big banks are good because obviously all of them are depressed right now So he's like, oh, okay. Like this is what i'm doing I was eating lunch, you know to sit with him and i was like, he's like, what are your what are your thoughts? And i was like, well my two big ones, you know, not going to toot the horn, but I always do Palantir and rocket lab and i was on a rocket lab. They just had a launch yesterday. I was i was getting excited I think this was yesterday when i was having lunch with them You bought six years and i was just i wasn't like trying to convince him to buy the stock I was just talking about the company and i'm like, they're going to launch one today They're going to launch one in a couple days um They the second most launched small rocket company in in the in the world behind spacex You don't really know And next thing you know, he messages me in our internal messenger and he's like, I bought 500 bucks worth and i'm like I didn't tell you to buy it man, but people look at it like, oh, I heard about it And by the water cooler met likes to invest maybe I should just And so to come back around, you know, and I told him straight up. I was like, hey man, could go to zero Might turn 500 bucks into, you know 25 000 But I was like as long as you recognize the risk that you're playing in the objective of what you're doing The time horizon and how often and frequently you're investing you can really start to gauge Where you're at and I think a lot of people and this is prime and i'll hand it back to you A lot of people lack perspective And what I mean by that is you'll hear somebody there's a there's a good guy that I like to talk to He's a chartist he charts and he's very much into the ebbs and flows of where the spy is going to go And he's like that. I think I think it's going to go down, man I think it's going to be I think it's going to be tough And i'm sitting over here being like to me Spies going to go up But i'm looking on a five to ten year time horizon. He's looking at a five to ten week time horizon So we're both right the statements that come out of our mouth are both right from our perspectives And I think a lot of people don't really sit back there And they hear something come out of somebody's mouth like they'll listen to jim kramer or somebody else and they'll be like Well, jim said this was a buy it might have been a buy for that week or the next two weeks You have to think jim's a trader versus me I'm more of a long-term investor. So I don't mind if something like a highly on i'm not invested But if a highly on or in my case a palantir or a rocket lab is down 30 because I recognize that i'm investing for a ten year time horizon Not for the next six months versus somebody that's invested for the next six months need to recognize That this isn't something or what they might be potentially looking at to moon over the next two months Isn't necessarily the thing that they really thought it was and they need to do more due diligence and put more effort into it But I think that that's what most retail investors are these days That was golden man. That was golden. Thank you for that insight matt. I really appreciate it How how do you think and I'll turn it back to you as well because I I think you're onto a thread I just think market sentiment right now when I watch the reaction of certain stocks Even the market as a whole Um is really herky jerky. I mean where the futures go Is pretty much the direction of where the market goes and the sentiment starts off You know right away. It's been pretty tough over the last three years um, I have forced myself to acknowledge A shift in market sentiment to the downside. I've just forced myself to do that Now what does that mean? Does it mean I? Ship my pants. Does it mean that I panic? Does it mean that I sell everything? No, it means the opposite If I'm wrong, I'll be wrong But I feel like what I'm seeing from a personal perspective is that sentiment is poor Now if your friend is right and the market does go down in the short term What does that mean to me? It means the opposite of what I just suggested because I don't enjoy shitting myself nor do I enjoy Following this idea that I need to somehow panic my way off. No no no my friends I will be looking at strategically upping my contributions monthly. I'll be looking to strategically buy the markets Now any more you could place a rule around your strategic buying to buy the market at 500 or more doubt points to the negative Right, you could take it right up to the market closes at 358 359 and go ahead and throw those strategic colors in there Could it be down the next day? Certainly but Over time I'd like to buy the market five six seven eight hundred down on any given day I'm buying the market there. Okay This is just the nature of my profession to people is to Be independent with your application if you're going with the flow. You're probably doing it wrong So I want your I want your insight and I'm gonna ask you to kind of dig deep in that I don't think there's a lot of positive stories going on right now There's positive stories going on with companies But as far as the stock and how it reflects to the general sentiment in the stock market Yeah, I don't think so and it's specifically in the small cap and micro cap space that I'm seeing You know where these companies there was a little more animal spirits You know prior to the couple years ago before kind of around the time the new administration shifted and a lot happened to I really think this post covet era Has probably been misjudged You know, I think the labor market as strong as it is right now Is just a product of people emerging and and wanting to go back to work and that that sheer demand over the market It is very real and then you've got a Fed chair, right? That's trying to bear to break that dynamic You know, so speak about market sentiment. I've had this up here a while But I do want to just throw a couple names out it. Yeah, BAC is good Charles Schwab is just about as close to a blue chip as you can possibly get That would have been your strategic buying Opportunity. I don't know What's the other bank that really really took a swing? During this svb debacle Oh Hi, I've Yeah, there was there was quite a few regionals. I mean people were understanding that regionals except people direct deposits and those are pretty solid whereas svp was doing, you know, You know Financing for you know, the venture capital stuff coming out of silicon valley and it's like come on guys Just use your head, right? It doesn't mean that jp morgan's going tits up. That's not happening. Okay This is not a systemic issue. All right the stress test from 2009 that these banks are are subjected to is very very real And a lot of the bank CEOs if you're looking at what they're saying They're suggesting that their over leveraged accounts was irresponsible And and that's a pretty big that's a pretty big statement to make to another major bank But I'll get I'll get your insights on the market sentiment right now matt Yeah, I think if you asked me this, uh, like you said Kind of nine months to 12 months ago. I think you and I had a conversation. I think I was down I think the term that I used was a house Yeah And uh, you were like, you know what man, like I think I was just going through it that day I don't know if somebody I don't have a dog But if I did it somebody would have ran over it that day It just you know, it was I don't know what it was But you called me at the absolute wrong time and I was just like, you know, it's just not going well Is it, you know, am I am I teetering on the edge? And I would say most people probably would have sold their entire portfolio that totally agree And I think that you and I were I was just like, you know, I'm gonna make it through but I was like It's just not one of those good days and you're like, you know, matt, you know, you're strong You know, I don't like seeing you like this, but I think you'll do fine and uh, so you gave me that good encouragement and I think What I've continued over the last nine to 12 months is and I feel like it's not really gotten any worse since then I feel like we've had some ups. We've had some downs, but I feel like The overall sentiment Whereas I think it's now in the headlines for everybody My sentiment has been like I feel like we're starting to get to the beginning of the end and I saw this on cnbc and I agree with it Um I think that we're starting to see some things break. I think the fed is starting to acknowledge it I think that we're starting to get to a point where we'll know where the next pivot is Within the next three to four months And so to me, um You know, I think that the sentiment is an all-time low But I think in terms of where we're at in terms of actual equities going forward We're truly going to be at some place where we can truly start to add more capital And feel confident and adding capital to the portfolio. I've been adding, you know, regardless That's what I do. You know, I add at least 3,500 bucks as much as I can I add and um You know, if I'm not spending it on, you know, god knows what I'm adding it to the market but I I hope that others Take this time and recognize that It's not about unless you're you know getting close to retirement You have to take it as if you're In a monarch, right? Times are going to come and go bad times are going to come and go But just like I said with shell you have to invest through the cycle And you have to recognize when it's appropriate to take your chips off the table If you got 10 years 20 years left in your in your horizon It's not the time to take the chips off the table And I think you know exactly what you said earlier If you're looking at it 10 years down the road The spy is going to be much more expensive than it is today in terms of a total dollar amount Or the the SMP or the Russell 2000 it's just it's inevitable Yes, it's inevitable Um, so to me I just think uh I think it's I agree with you with the sentiment piece And I think that we're at the beginning of the end and I truly think that within a year time by next Early 2024, I think people Will regret if they don't Start tipping their uh tails to back being back into the market at this point Do you think that that is in the face of a potential soft recession here in the back half of 2023? So that's that's in light of us probably passing through if not we've already been in it Which is I mean my my thought is I mean I've glad you brought this up I feel like I've been in a recession for the last nine months fucking right man I don't know like I used to feel like you know, you know To me it was and I felt the same way a little bit for about a month during the pandemic in 2020 and then it got back into so It was kind of just like You know you when you feel like you have to be disciplined And you have to stay the course To me that means we're in a recession Right when I start having to worry about What how much I'm paying for gas or how much I'm paying for other things because I'm looking for every dollar because I'm scared To me that means we're in a recession I'm a very high income employee Um, and so when I have to start worrying about it and when I hear others worrying about it at my job To me that means we're in a recession And I feel like that that's kind of been going on for I mean granted I work in a cyclical industry So there's been others right to me, but when people look at it from a macro perspective and not from an oil price perspective I recognize that so I think that we've already been in a recession. I think I agree a lot with what you've said I think a lot of people have realized that their Shopify stores aren't doing as well as they thought Um, or they're you know, and that's okay. I mean that you know, it might have worked really well But I think a lot of things have transitioned into You know, everyone thought they'd be able to work from home That's not the case You know, and so I think that you have this economy that shifted 180 degrees during the pandemic and is now shifting, you know, maybe 100 degrees 120 degrees back To where we were and we're still going to have a new direction But it's going to be completely different from where we were in 2019. Some things will be accelerated Some things will be No longer in the consumer trends that we initially thought Some things will kind of emerge But you sell these markets exactly what you said like the zooms of the world immediately go up You know a thousand percent and all these other small companies that everyone's like this is going to be the future I remember hearing some prolific youtubers being like these are the companies They're going to take us into the 22nd century and I'm just sitting there. I was like, maybe they're right, you know And but at the same time You know things kind of came back to normal people are going into the office as expected and you know anyway, so I hope that answered your question. I hope it didn't dance around No, that those insights are are golden. You did say one thing that caught my attention I know you're a high income earner matt But I think you need to qualify that for the audience and suggest that you You invest more than the average bear And and I think you should continue to share that There is there's not a lot of people out there That can boast over 20 savings and I think you're more at the around the 30 or even 40 But that's awful close to half matt. That's pretty incredible and Perhaps maybe you can share Do you do do you live on farver beans and and and give up everything you don't ever go on vacation Or you don't ever go out to eat or you never go to the to to to accomplish that, right? I mean, you're really you're really sacrificing, right? I I save a lot too and I just don't feel like I'm I don't feel like I'm giving up anything in other words If I had to give up buying more stock or investing more in the market It's the to do what that that I find interesting in people how they justify and Remember most people don't save We know that successful people save and invest There's books written on this Okay, you can knock your socks off in getting to a place where you just can take my words And you can just grab it for yourself And and and resonate with this idea that successful people save and invest It's just that simple. How do you make it happen? Well, if you asked me like I would say Six seven years ago before I did the youtube channel. My buddy was like, dude, you gotta live life. Like, what are you doing? Like I was trying to I was just like, I need to say like I was like, I need to save I need to save and This is before I really even hit like a hundred thousand dollars But I was just like, you know, I need to invest this and you know, the he's just like, dude, like What are you doing? Like live your life? Like you need to have fun And so I'll say these days I don't ball out of control but the thing that You know, the thing that I take most to heart Is if your attention goes Wherever you want it to go except your money, that's where your money's gonna go, right? So money goes where attention is gonna go So if you love let's just say Let's just say you have a key a few key hobbies Right, it could be golf it could be, you know going fishing it could be But the problem goes and spend money on that have fun, right? Make sure that, you know, you allocate some funds to that every month because that makes you happy But if you let's us say went skateboarding one time and you really liked it Doesn't mean you have to start buying like 80 skateboards, right? Or and same thing with, you know Anytime you want to do something doesn't mean you have to spend 20 grand on it I see a lot of people with a lot of stuff in their garage that they tried one time And they decided to buy it just because You know, you can't just be buying stuff just because right you have to be to me You know, and maybe this will make sense. Maybe it won't I'm more of a person like cost-benefit analysis is a huge thing for me You have to do the same thing with your happiness, right? If you want to put $800 into something make sure it's something that you love Right luckily for me investing is what I love. So I put a lot of money into it. But um, You know, I like I like fine cigars I like You know fine whiskey And so when it comes to buying an 80 hundred dollar bottle of whiskey, I'm not gonna be like, oh, no Can't do it like let's be honest. I think that could be pretty blunt here If I spent 80 to 100 bucks in a month worth my income. It's really like I probably It's it's a rounding error, right? So it's really not that big of a deal But if I did it every single night 80 to 100 bucks All right, that's when it becomes a problem And I think that there's a different not because it's alcohol But just in general if I did anything with 80 to 100 bucks now for sure So I think a lot of people just need to recognize it's like one of the things that truly make me happy Focus on that if you love taking trips, you love traveling Make sure once or twice a year you have a decent Travel obviously don't go to the Maldives. That's gonna cost you 20 grand But you know, make sure you get to take a weekend away. You don't have to go to the caribbean You don't have to go to Jamaica. You can go a state over it's smoky mountains 13 and a half million people went to last year and it's a beautiful place. I think didn't you go? Oh, yeah. Yeah, it's a great. It's a great place. I haven't gone. I think I might go this year It's it's only like a 10 hour drive for me. You are you are you are catching me a kind of a guilty time We just booked tickets this week to head to Europe this this summer. We're super super excited Yeah, you said I wanted to poke your brain. You said you're going to Croatia again, right? Let's go into Croatia. We're gonna check out, uh, Italy lake legarda Um, and of course Czech Republic as well where we've got roots and the family and whatnot Man, I'm I'm like so overdue You ever press at work to where you're on fumes, but you know, you have to press and I've been pressing for a while You know and it's very very satisfying for me to press See results, you know Have those presses really pay off. It's something that I'm also addicted to I'm I'm I'm addicted to a few things in life I really am and some of them I won't talk about on social media and good things, right like my spouse and But but but exercise, right? It's something that at my age at 45 It's something that I didn't have when I was your age And and now I do and and I'm at a point now where you know, I've I've evolved in that It's like the investing game, right? You're a different investor now I'm a different applicator with with what I do for my for my personal health and wealth and well-being and You know, I'm addicted to my job Um, that's for sure. Um, you know and and you know, those things are cool, man Get addicted to those things that don't cost you a whole hell of a lot And and you know, hopefully you can find a few of those things that you can You can kind of gravitate to you can take this question Matt There's two really good questions here the first one's on options for sure I don't know if you've been on or off the options game I'll let you take that and then certainly we we can talk about the visa mastercard PayPal shift to financials as well. There's a lot of talk about that, you know, the financial valuations Being so low and and you know visa has really held their own Um, and they've been in technology this whole time. Is that right matt? They've been in tech visa mastercard That that is that right? Yeah now they're moving more appropriately. I don't I don't know why they weren't ever there, but Aside from, you know comparing a visa to a a traditional financial institution It's going to be a real disconnect and valuations there I think I'll answer that one, bro. I think the reason why visa mastercard is they don't really Hold any money on the books. Yeah, they just take the two and a half percent and they call it and they're good And they're good, right? So it's not like it's not like the banks that we're talking about right with assets and liabilities where it's like oh We have so many hundred billion dollars worth of money and deposits now We have to invest a hundred billion to to try to make some sort of leverage These the mastercard don't do that. They just they just take their two and a half percent They call it a but anyway, I'll let you answer that after this quick question I mostly focus on covered calls And I'm more of a person that is kind of recognized. I played with a lot of them. I've gotten burned I've lost, you know, probably 50 60 thousand dollars in the game stop problem That happened in 2021 By playing naked calls and stuff like that. I like I figured counted out my niche With with options I prefer the covered calls of the world where you're able to own stock and write something that's You know a couple weeks out or a week out sometimes 45 days out and only write, you know five delta So it's very far out of the money and you're able to get that and if if you if the price comes down You're able to buy it back Um, but to me I most of the time let it expire worthless I do a lot on spy as well because I have a couple hundred shares of spy. I hope to get the 500 maybe this year. That's what you have said. I've heard you say that a few times Yeah, and so, you know, a lot of people are like, oh, why are you doing that spy has a higher expense ratio Write a couple covered calls with the liquidity. I've been the one to say that but it's you know, it's um The expense ratio when you're trading options around the s and p 500 sp y is your bull Yeah, so sp y has been pretty good and liquidity on it's pretty good and so You know that one because it has been in some sort of wild Time I try to avoid Around the big things like I have one expiring on Tuesday Not wednesday because obviously the announcement with the fomc is going to come out wednesday So you have to be a little bit more strategic around earnings reports and stuff like that But I've mostly hovered around cover calls during both prior to the pandemic Not prior to the pandemic after the pandemic prior to 2022 I sold a lot of puts and that was like taking candy from a baby Because the market always was getting injected with capital. So the market was going always up into the right and so that kind of gravy train kind of ended when The fed kind of put the fed put on and it's kind of been very volatile ever since but You could still do some some pretty good leverage if you have some cash Especially now a lot of people are trying to hoard cash as much as possible Due to this kind of liquidity crunch Um, but it's always up to to whoever the the eye of the beholder is I think that was a good exercise and just for people that don't understand, right? I mean one contract is a hundred shares So for a lot of people to dabble in that matt's talking about The ability to write on on on a few few contracts at a time, right? You're probably writing three four five Five three googles three Amazon three That's that's some big that's some big big stuff there. So just keep that in mind It's it's a little more in the advanced category Just because the amount of capital and the amount of shares that you need to hold especially for those for those covered calls So just just kind of keep that in mind, but uh, yeah as far as the the financial piece I own visa. I own mastercard. Um, I know dave dave is an agree of good evening to you my friend I own all these as well. I own bank of america city group. Charles Schwab That's a fairly new position as of 2022. I've owned it for quite a while and then bank of Nova Scotia as well Um picked up td as well bank of Nova Scotia as well as a couple of other canadian banks as well um Can't remember the toronto dominion. Mm-hmm really good dividend payers and they were smoking there for a while they've obviously sold off with the with the debacle but um I would just own visa on its own merits visa is one of my favorite stocks of all time Just for the reasons that you've talked about matt I think it's one of those blue chip cornerstones that you can put in the portfolio and just own for the rest of your life And be happy that you did. I think they make more money than the entire country of australia. So Pretty bold statement. So I think pretty good. They do I Yep, there's there's there's always there's always uh A light I tell you it's been pretty rough and even to do youtube. It's it's it's more enjoyable I get it to come on and and and hooten holler But I know in my heart of hearts that the value that's being produced right now when it's harder to do so Is in line with everything that we should be fighting You know our instincts to throw in the towel our our our instincts to You know kind of back off of the market when we should be putting putting pressure on it You know using these opportunities because you know if nothing else from 2010 to 2020 People would come to me and they'd be like jesus. I I don't see an opportunity. I'm waiting for the market to pull back Right. Well now now we're here And the question becomes are we going to be two years removed of this time one year five years and reflect back on this And say god and I was sitting here watching a live stream with matt and ryan and they were talking about telling the future You know, well, no, I don't believe in that shit, right? All I'm saying is you will be in a place in your future Reflecting back on this and we can say in the acute that financial markets are pretty rough right now All right, we're nowhere near all-time highs the s&p is off of the all-time high I don't know what it is in the s&p. I don't think it ever rolled over five forty six forty eight I would imagine But you know 36 and change on the dow More well removed of those and if you're going to strategically start a position. I think now is is that time so You know, it'll take time for for us to be right And it's not the time when everything is Chugging right along to to patch yourself on the back. It's times like this When when nobody has the courage to step forward and say hey, maybe maybe we're not seeing the right stuff here And that to your point That's usually the time when we need to start to press a little bit more What's your thoughts on that and I think to add on to that I think what you need to recognize is certain sectors are going to perform well when others are down, right? So just like technology and a lot of those I guess companies that have low revenue have been smacked down some 70 to 90 percent, let's say Consumer staples are done relatively well when the market kind of pulls out of this You know, are those companies going to do well or is you know, so think about it if you care about your portfolio and The performance of it more so than being right Then I would say, um, you know be be very cautious because during certain times of when Markets go in and out of recession certain industries do better than others And if you don't care and you just you know, you just want to Sit back and make sure that your money's in the right place It could be a good opportunity to invest in an index fund and just lay back and let it go because I think a lot of people like ryan said earlier in the stream A lot of people were moving their money into energy because it was the best performing sector in 2022 And here they are, you know getting, you know, if they're investing now a lot of people still investing in energy Thinking that things are going to turn the table and to be very frank. It's kind of uncertain but I mean You know, a lot of I know a lot of people that were still buying energy up until Two months ago and I said, you know oil prices kind of halved compared to where it was in february of last year Is it something that you really want to Wait to find out what 2023 brings for earnings, but you know, that's not to say oil Only, I mean, I think that that can go across many sectors, right ryan brought up semiconductors and stuff like that when the markets kind of go back to Expansion expansion expansion. I'm assuming semiconductors are going to come back into favor So if that's something that you're like, okay, you know, I want to keep an eye out keeping, you know Look as a hawk and you know be I'll be up to date with that sort of stuff by all means But there's a real simple strategy and you know, you could just invest in the s&p Or do both Like I do Or do both cool stuff, man. Well, gosh, I'm gonna Crank it down matt. I try to keep it to 60 minutes. Anyway, I am flying out on sunday So I'll be out of pocket for the next couple of weeks. But thank you, man That's uh, it was awesome to catch up with you and I tell you what I'm a fan of matt money And um, if you if you you're unaware of matt's channel, man kick over subscribe to his channel But I actually enjoy following matt on twitter. It's a little bit more real time And matt's pretty active over there and um the insights you have to offer to the grander social media audience my friend is a treat and Always welcome here on the independent investor channel. No, no, thank you brother. That's the way it'll stay Yep, let's hope for better days in the market. Thanks for your time matt. I really appreciate your brother It's a marathon out of spring my friend. Amen. Amen. Well said be well matt cheers brother my brother Yeah, very cool stuff man a big thanks to matt. I I know I had invited him a couple of months ago and the schedules didn't jive and Um, I didn't invite him tonight except for on the fly and that's uh, pretty cool Yeah, he said something during the stream it resonates with me said, you know, I really love investing. Um I think it means a lot to everybody coined personal finance and You know, what does it mean to you? What type of time have you taken to define your own personal approach? You know, I I see a lot of people that uh Take a lot of time to judge what other people are doing I know I mean I was called out on it tonight, you know, why do retail investors royally suck as if i'm judging people from Um, uh, uh with false false pretenses and and I I don't mean to make people feel bad but What people need to understand is that I I might actually be including myself in that category and that I have been subject to Making haste decisions in the market That means I suck Okay, if if I'm subjecting myself to poor decisions in the stock market No, I don't consider highly on a poor decision As it reflects to me if I didn't invest at all my job will pay me a pension worth a million dollars I'm a millionaire now. Okay If I arbitrarily end up doubling my money over the next seven years, which is absolutely a possibility Highly on could go to zero and I could still meet that mark. Why? The pedigree and the great separator between me and and and others out there Um, isn't isn't the fact that I have all the answers and I can make the assessment that people Royally suck at investing and people need to listen to that and buy into it. No, no, no, that's not what it means It just means that I have spent the ample time to understand How I look to carve out my investing opportunity. That's all I spend more time than the average bear doing it and that has Lint itself To the success that I've been able to garner in the financial realm Okay, so it absolutely qualifies me to look at those deficiencies across the spectrum Identify where Matt's going to spend a hundred dollars of bourbon. There's people out there that don't need to be doing that Because investing should be more of a necessity It should be that top priority and the concessions And the sacrifices that you make should be greater until you get to that level Right to where you can start to say, you know what I made those sacrifices over my life I've made those concessions I'm at a place now where I focus more on me as a as a matter of fact more on me than anybody else Okay, and I can parlay some of my surplus capital to to give myself a little pat on the back And I don't think there's anything wrong with that Um, I don't mean to offend my intention is absolutely not to offend rather To strike up some some constructive thought in your application So I appreciate you guys tuning in. It was a good live stream very robust. Thanks again to map money Really appreciate you guys. We will be off next week and the week after the next two weeks I will be out of pocket And on an obligation, but we will strike it up three weeks from today Maybe we come back and we talk about a little bit better of a market here But uh, be well. Have a great weekend. Happy st patty's day to all and we will catch you guys in three weeks