 Take this opportunity and welcome everybody back to the independent investor channel for the Friday night live stream It is 9 o'clock for the fastest 60 minutes on YouTube. My name is Ryan Channel was started about five years ago up in New York City. So I'd like you to do me a favor if you take a few moments and Think about what happened 20 years ago. It's certainly worth acknowledging there The channel will always have a special place In the heart of New York City. No doubt about it I have been there to ground zero. It's it's very sobering experience. I Do recommend that anybody who has the chance to visit absolutely goes and pays respect to what happened that day and Just take a moment this weekend to in your own way Take take a little time to reflect on how precious life is Speaks to somewhat of the element about you know, why we we do what we do on a weekly basis specific to personal finance but I always take a on extra special step and segue the Investing opportunity and the opportunities that exist therein To to acknowledge that it is just a supplement to your life It absolutely is to get this stuff under control help you put some things into perspective Really help to codify the five elements that we're going to talk about tonight This is gonna be super special if your first time to the independent investor channel been doing this for eons and eons I've no script too much script in our life Right. I talked from the heart It's my opportunity to come on for 60 quick minutes and talk personal finance which is indeed my very favorite topic It's a very devote community members all good being one of those a special shout out to her Thank you for making your way on to the show tonight. The world needs more people like this how else can I say it and It's just a pleasure to have the opportunity to bring kind folks Like all good who's number one in the gallery if you can beat all good into the group man Just speaks to the devotion and compassion that I think she resonates with and she understands what I'm trying to do here Quality over quantity. There's no doubt about it. There's absolutes Some fantastic quality people in the group here Second of which Bob Wright is one of those people. It's great to see a Bob and yes, indeedy It is the fastest 60 minutes We will stay on target tonight and while I've got the attention of the would-be patrons That'll kick into the live stream and quickly kick off because I've bored the hell out of you after five minutes of your life There's certainly probably a lot more important things that you could be doing with your life Then listening to me ramble on for 60 minutes about personal finance and budget Which is not everybody's favorite topic. I totally understand But the next week I will be catching Friday night lights I will be watching my favorite high school football team I'll be taking the little fella you guys that don't follow me on Instagram need to kick over Follow the channel on there. I do unique posts on there a little bit more personal nature And I expect you to come into the independent investor channel because you like me, okay? There's a certain avenues of the show now that we do The live stream being one of those I have been rolling out a pretty good amount of promotional content Really amazing how when you start a project like this it evolves to a place where you never thought possible and In some capacities, it's doing just that I think I would have loved if I would have just Been able to come on and talk personal finance and budget and see the channel explode and people resonate with the idea of that The damnable misery of that is I don't think a lot of people really relate with being told what to do And I think in a lot of capacities. I think they should I think a lot of people have barriers to entry with regard to personal finance and I think it really does Prohibit a lot of people from opening themselves up and really listening to a message like mine especially over a condo a conduit that like YouTube which is you know Interesting in and of itself entertaining in many capacities. I don't try to come on and entertain you I Try to come on and give you the goods. I'm gonna give you the first pillar right now The first pillar that most people don't want you to know about and when I say most people I say the system I say the financial planning institutions. I will say the pundits I will say the Jim Kramer's of the world although he does do a fairly good job The only one I might add that actually advocates for this as an option But is quick to say that you know statistics show that most people do in fact fail out Self self-directed investing that is the number one pillar. It's the pillar and basis of the independent investor channel It circles around the idea of taking control of your own money I've been with four financial planners in my career, and I know there's a lot of people out there that have been as well I think if you can imagine standing at an oasis and looking out over the desert and having an open landscape Really a blank palette to paint to whatever picture makes sense for you in your financial picture That is what self-directed investing is all about that conversely in the financial planning institution there's so much structure and there's so many rules to abide by and you end up paying for each and every one of those levels of access in that structure and Unfortunately a lot of people do Gravitate toward that way because they think that it is the only way and I think for some people out there It can certainly be better than not investing right seeking out that structure That element of really I don't know squat about investing and I'm okay with that So I want to put my money in the hands of a money professional and have them manage that I've really gone beyond the point of saying that somebody is wrong or right by doing that I just really think that people need to educate themselves up on the Implication of that decision and how costly it can be over the long term and if I've just perked your curiosity okay Then I highly encourage you to go into the compounding calculator Add that 3% Management fee that they do so well in hiding from you or they may in fact Disclose that to you but a lot of people I don't think are trained to understand the impact of that 3% over your money as an overhang or as an anchor Prohibiting those dollars from growing to maximum potential into the future So the idea of self-directed investing really is once it's internalized the correct way is the ability to resonate with the idea of taking control of your own money and Becoming an empowered investor an empowered investor is one that can look at that Open landscape and not just completely go on tilt and and and and lose your lose your craze and think okay I want to be a self-directed investor, but I don't want to Self-assess and I don't want to apply any type of personal rules or personal ground rules or personal barriers or certain rules That makes sense as you evolve as a self-directed investor Okay, it's extremely powerful and the secret that exists therein is The secret of direct connecting yourself to the stock market that the shares of Apple computers That's owned by you as an individual are the very same Apple computer shares that the big hedge funds the big Institutional investors the vanguards of the world the top 10 of the S&P 500 This is not a hybrid version of Apple shares that you as a retail investor hold With your small block of 10 shares of Apple computers Those are very very real shares of a company that gives you exposure on an Individual self-directed investor nature, right? You don't own them through the structure that I talk about and you end up paying for that access to access that I contend you can win yourself with just a little bit of where with all a little bit of education and Mostly a lot of discipline. Okay, so self-directed investing. That's my soap box right there for you guys And it is the number one pillar of the independent investor channel differs from some of the other channels out there that Hopefully do speak along these lines for you guys that are out there that have the 401k programs, you know Those are those are an example of something that a lot of people feel more comfortable with Because they are sponsored by a larger organization and the employer has vetted that and and has forwarded that to you as an employer To you as the employee and I think a lot of people are more comfortable with that because it's kind of a out of sight Out of sight out of mind type of application Whereas self-directed investing really does require you to really keep the opportunity in a box and make some very very simple Strategic decisions. They are simple. You can do it. Okay, and the benefits that exist with self-directed investing are that they are Unarguably the best course of action that you can take if indeed your bottom line goal is Money if you just want to invest and you want to have the peace of mind Then your bottom dollar might be compromised over the long term by giving up that freedom of being a self-directed investor And opting for the the financial planners Program, you're going to see a real divergence in your options as well If you do opt for the planning route the financial planning institution route in that you're going to find that perhaps The lack of choices that you actually do have With that route can actually be somewhat of a turnoff and I think to the educated investor We hail to the educated investor there and we support your decision. We do I For a while there got into a funk of talking about other styles and other Investing recommendations. There's one specifically right now on YouTube. That's just bashing on all the big channels Seems like an interesting guy enough maybe a life of a party type of a guy I'm not really sure how productive that is I'll let you be the judge I really will but I'm off really looking at what other people's programs Bring to bear because I've come to the the determination of this What might be good for somebody else may not be good for me And I think all is fair and love and war for you guys in that what might be good for me Might not be good for you either Okay, now there's certain elements and I try to do it all I just scaled back on my opportunity to pursue Cryptocurrency in the Roth IRA. I just disclosed that in my private. What's that group? It might not be for me. I tried to let it internalize I tried to let it go it made sense to me to do what it is that I was doing and I had the account free Here's the thing it might have worked for me with the free account But I cannot bring myself to recommend that going forward. So I think we're going to go ahead and dissolve away the I trust capital account that I Disclosed to you guys have had it active now for about two or three months or so Ironically, it's the only account that's up. I actually sold Monday night right before the flash crash in Bitcoin Tuesday morning So I was like, look at me. You're lucky. I Don't really want to rely on luck with my application I'd really rather Rely on my ability as a value Investor and sometimes I really have to stay true on my conviction and And and really look to avoid temptation in the marketplace There's some discussion in the thread here talking about buying the dip. I Would like to challenge that sentiment. There is no dip. I think you guys are watching too much TV Okay, markets are at all-time highs. I know the market was down five days straight means nothing Okay, even even the gentleman that's brand a lot of hate through YouTube Admittedly has been a boggle head since 2012. Okay Congratulations, you've just put some dollars to work in the greatest bull market But for us investors that have been around for a while We still remember how volatile the stock market can be and it absolutely can be volatile Now what do what do we do about it? Okay? What we do about it is we set up a well-laid plan for the future Establish those good passive buckets. I know some of you guys are talking about DC yaying this opportunity I DCA the market every month in the tune of a few thousand bucks. I Do 20% of my income right to my investments right away and That's a strategy that will continue no matter what the market is doing in 2021 I've done very little aggressive buying on the market and I've done a whole lot of Remaining with my conviction on the companies that I have bought and owned for multiple years now There hasn't been a whole lot of additional Stock picks per se that have been added to the portfolio outside of some of the very very unique Pockets of value that I see so with that guys this is going to be super special We are going to aim for 60 minutes tonight as I walk through the top five. I've already given you one We've got four more to go the secrets that nobody wants you to know in the investing arena I'm here to kick off over rocks for you Try to seek out that extra special spark for you in your journey towards your Empowerment and your own personal finance journey guys. So stick around be with you in a moment Just kidding just kidding you don't get a lot of that activity on the independent investor channel I laugh my ass off actually what I think he seems like a pretty cool guy It needs to be careful with spraying a bunch of hate It's gonna have the entire YouTube audience and hate them and I went down that rabbit hole Just for a short time and I caught myself and I and I said, you know what I'm better than that I felt terrible doing it. So I'm not just sure if it's It's a conscious choice to give away all integrity to to stoop to those levels It really just speaks on how much time you spend paying attention to others And I think that's really the fallacy in the whole deal and I think it's unfortunate. I really do I think unfortunately It it misleads a lot of people Whereas I would say that if you're tuning into my message just to follow blindly what it is that I do You you missed the entire intent of becoming a self-directed investor Self-directed means you're in charge not me you can come in here get some motivation from the channel Absolutely, I deliver on the goods every single week. I do believe in that And I do share my story with you guys and show you the ins and outs of what it means to be a self-directed investor What it means to fluctuate in the market up and down. We had a pretty bad week this week All told Down about six grand total portfolio. I'm surprised. It really felt a lot worse than that When I was going through the week this week Let's jump right in here man and do some portfolio reviews here. This fell back below 100 Really highly on was the anchor here in the portfolio really just Very disappointed in the progress of this trade. It's you know My conviction has never been stronger, but the stock is just not responding and I am I'm I'm pretty disappointed I'm getting a little impatient. You guys need to understand I've owned this company all the way all the way up all the way down sold for a Fairly small $6,000 profit on the way down really it was a salvage maneuver. I hated to do it but I've been accumulating the position here and my bullish conviction has not changed and Right now I it just boggles my mind when we come out of a trade show and the stock the stock drops the way that it does very disheartening to see a company like Heizen, you know ring the bell and You know go up 25% like what is that about and and that's really just speaks to an agreement that I do have with the bogglehead philosophy in buying index funds and I think you'll find that a lot of my Wealth is tied up in passive investments Just like I think for the majority of you guys should be as well We'll talk about that in the second pillar of what nobody wants you to know in investing And that is the very strategy that you select here, but Down week over week. This was very rare that we're down week over week But we were we were down across the board And down about six thousand total portfolio, but here's here's where we are and like I said not a whole lot of additions not a lot of Liquidations were holding strong on these names here Not a whole lot to report here Just kind of a crushing year for me 2021 has just not been good. It's just not been good We've made money and other on other fronts, but the stock portfolio. I've really leaned against it to be a stock investor, I've really just had to Sit back on my haunches Have the conviction that I need to understand the companies that I own which I do fine It's just really disappointing to see the hyper growth really turn on its ear the way that it has and You know some some real ill advised I had the Matterport options, you know, and I went ahead and so bought back the premium Or sold to close that to close out that position Stocks guy rockets 40%, you know over the next couple days and it's like boy I'm maybe it's just um It speaks to how difficult it is in a stock pickers market But it's like man, you know, I know for a second if I sold 5,000 shares of highly on the stock would go up a hundred percent on Monday and It is somewhat of the deliberation that I go through and it's like man Lucky me you look at a stock chart on this It's just flat lined at the $10 mark here at 850 or so Just what will not move will not move and I don't know if it's the 20% Share float that is being shorted right now. I don't know if it's manipulation. I don't know if it's a big Influences that are keeping the stock down The product works, but for whatever reason they The stock really just is in extreme oversold territory by fundamental and technical means And just to give you some insight there on on really how tricky and what level of risk tolerance is necessary for that level of Aggressive investing I fail to see that Highly on is a concept company. I will not buy into that nor will I deem it A speculative company either. I understand it's pre-revenue But if you're if you're gonna bet that the company's not gonna make revenue into the future I think that takes more imagination than what I have with my bullish thesis to actually look like we're getting in on a Company on the ground floor, but we'll see I think the next six months to 12 months We'll be a telling time frame and we'll just have to see how things transcend too much positive news in 2021 but like a lot of my 2021 positions It's really been a real dog and I still look at the stock market as being close to all-time highs I don't share in the sentiment that we're in some sort of a pullback right now. I just don't I think the markets all-time highs and I think there's lots of lots of downside Potential there do I think it's gonna happen? No, I don't I really don't I'm in agreement with Kyle Passive incomes in the group here and Kyle says that I don't think we'll get that Because me and him and the savvy investors understand that if we did get a dip like that you bet your ass I'd be buying right Right now sitting on about 10% cash anyway 60 60 $70,000 in cash, you know, I always have a pretty good cash buff for probably Much richer of a cash position than any of the thinking heads would agree But or or or deem appropriate for an investor my age. I don't care It's part of the Taylor ability of the self-directed investor program that I do. I'll make it up on the back end. I'm good All right, so next portfolio is rough, too. This is mine Little bit of churn here all the names I want to be in you know This one is anchored by the passive investment in the triple cues as well as some single-stack value and a little bit Pretty good healthy mix of growth But yeah, we've just felt fell on a little bit of bad luck here a little bit with the investing Thesis, I'm not going to panic my way off of the stock market here I'm going to hold true and I'm going to be what I consider to be a really really funny thing an investor You should check into it. It's amazing And here's the m1 portfolio the passive portfolios dipped marginally week over week a little bit here 17 866 these are the sector specialty ETFs that I roll out here. Here's the dividend growth of portfolio Was staring down that 20 backed off about 300 dollars anyway No problem. I'm waiting on this sucker. This thing comes off 10 percent 20 percent. You guys are talking about That's funny. I'll be throwing a $10,000 bill into this account Yeah, but in the meantime, I just continue to dollar cost average this To to kind of fight what's going on here I did increase my contribution from 50 bucks to 100 bucks every couple weeks These are some of the strategic moves that you guys could do as well to kind of combat this and buy into the weakness Now that I do like I'm not going to agree that this is somehow Entering into a bear market or a recession like freak guys This one one freaking week in the market. Um, and it was down pretty handily every single day Uh, yeah a week doesn't make a market. We'll see what happens Then the thrift savings plans come off a touch. Um, the spark line there Again took a little a little bit of um retracement in this portfolio But this is one that I fund pretty heavy. This is up close to a thousand bucks a month very proud of this It's money that I don't need So it flows in here for you guys that have the 401k. This is the 401k equivalent for me As a military member, okay And then the calls really really kind of shifted off of the options right now looking to kind of fortify the portfolio a little bit Take a little bit of risk off the table. I think we are in a risk A deleveraging type of position here In other words, would I be throwing money at this market handover fist? No No, I wouldn't so and that's the thing is when I have people coming on and they're like Bugglehead all the way. That's the only way It's not Anytime anybody comes on to social media and says that their style is the definitive style Um run the other way Because when you come out and you say definitively that something is going to be one way or the other You'll end up being wrong. You will end up being wrong. I don't care how loud I don't care how obnoxious. I don't care how right you think you are. I don't care about your degree I don't care about your profession. I don't care about how smart you profess to be Okay, you will be wrong All right Now that's about 28 years of investing opinion provided for you for your viewing pleasure Okay, like it. Don't like it. I don't care Okay, the market is not one of those places that you can step into and say definitively Here's the right way. Here's what's going on And you know to to the credit and the constructive criticism that's being offered I don't understand on these 250 300 point down days Where some of these youtubers are coming on and they're doing live streams and they're talking about the end of the market And it's like, oh my god, the stock market's down again That sends the wrong message to people It really does and it goes against one of my strategic pillars that we're going to talk about next with strategy And I want to get through this portfolio review here. This is one that I think I'm going to go ahead and absolve away This went through a flash crash on tuesday ten thousand dollars off the value of bitcoin I sold the night before This just doesn't feel right to me. I'm not going to tell you that had any skill at all Maybe a slight inkling of instinct, but I had been wanting to do it for a while You guys can tell me I'm wrong. You can tell me I'm an idiot. That's fine But I may look to to go ahead and dissolve this account away This is just not for me if I become a multimillionaire and I can jump into bitcoin at the right price Perhaps maybe it's something that I'll do down the line But I just cannot see keeping thousands of dollars in cryptocurrency right now. That's just me Okay, and I will probably be removing the eye trust capital Off of the website because if you're not a content creator, it's going to cost you 30 bucks a month I think that's a little bit too rich to Subject your money to that much volatility. I do So a little change in heart there, but I think it's for the better and I think you guys can Appreciate the transparency there so I'll be working on taking that profit Rolling it over. I bought into bitcoin at 30. I sold one is at 52 It's sitting at about 43 45 Before the live stream today. So and I'm I'm okay with that, you know in hindsight hell with the luck streak I'm on in 2021 bitcoin will probably shoot to a hundred thousand dollars and I'll miss out on a truckload of money Story of my life not going to lose sleep over it. I'm totally cool with my decision Okay, the last thing I want to do is come on to social media and have people hear the message from me Misconstru it as an opportunity that they think is more rich or lucrative Um, then then what they actually think and then they get involved and it doesn't quite work out Okay, and there's the total portfolio. I told you we were off about six from last week anyway So for being such a Terrible market, um, I can live with these results. Okay, we were at five dollars and 16 cents last week We're down to about 510 right now. I think I can still buy a big mac with that So I think we're all right. Look the real takeaway is to understand that I don't feel any different this week I'm not any more pissed off or happy this week My life didn't change. I worked out more this week Um and did something good for myself I'm I'm still off coffee four weeks straight never felt better never slept better Never felt better. I turned 44 on monday. It was my birthday So the kids took me out to red robin a lot of fun. Man life is good Just brings me back to my point about how sacred life is that's for sure. So be thankful for what you have Um, I yeah, I I get it. There was some volatility this week, but what does that mean in the grand scheme of things? Absolutely nothing. All right second pillar. I want to bring to you guys's attention to strategy Strategy can be split up into two different categories the passive strategy and the active strategy The passive strategy I'm just going to make the decision for most of you guys should be the optimal option to step into the market I've been a passive investor my entire life the bulk of my wealth is in passive investing The irony is a lot of people want to tune into the youtube Channel independent investor channel and they want to hear about my highly on holding And they miss the fact that I've got multiple layers of passive investing underneath of that highly unholding Now make no mistake. That is a an investment of a lifetime. It could be life changing. It could be I don't know Life demoralizing. I don't know. I don't believe in that We will stay true and and make sure that the conviction follows through on the name my point is passive investing first entering into the market buying the broader indexes if that's what you want to do I prefer ETFs You can do it via ETF mutual fund Index funds you can do it in whatever capacity you want But do so passively where you just enter into those assets and you fund them up over time You're buying into the philosophy of compounding interest You're buying into the philosophy that your time has to work Upon itself and that time in the market is better than timing the market Okay, so it doesn't matter what the market's doing week to week. Okay Hate to come on and be the bearer of bad news But this is the truth in investing more people need to talk like this And I would say that more people need to talk like this but I think there needs to be a lot less followership on youtube and a lot more questioning of What people are really trying to sell people on are are they really trying to bring you on? And watch the final half hour of the market close in the red to teach you what to teach you what If you can tell me what good comes out of that man I'll be better for it But I just don't think there's any value especially to the younger investors who see a down 300 day in the market And I'm like that's just another freaking day No problem And really what it comes down to as a self-directed investor is your sacred relationship with the stock market It doesn't matter what meet kevin says. It doesn't matter what jeremy says Doesn't matter what ryan says on the independent investor channel What matters is your own personal conviction and your own personal Acknowledgement to how important it is that your plan your well-laid plan that you established With discipline is going to put you into a better place into the future. That's the key Okay, don't let somebody like myself or any of these other big youtubers or somebody who wants to come on an active noxious And yelling in your face that you're somehow doing something wrong None of that matters. It does not matter at the end of the day. It doesn't matter. Okay A firm is a bad investment. Really it jumped 50 60 percent It jumped another 30 percent on earnings today. Does it make it a bad investment? You know, those are the types of things that I fail to Understand about criticizing other people's programs But buying into the passive program can really help you then you can look to layer on that more active profile Because as a passive investor, I talked to a lot of people who don't understand that they can buy The dividend growth strategy passively This can make a lot of sense for people who want to get a little bit of exposure to some single stock element By exercising that passive strategy and then the active strategy with more of a speculative palette Can go ahead and branch off into that some options. I know all good is really into options I think that's fabulous. Why because it matches with her personality. It keeps her busy. I think it's fabulous What better hobby would you rather get addicted to? I mean, I'm kind of addicted to drinking green tea now But it works. You understand my point. Okay So that's it a pillar number two for those things that people don't really want you to understand Is to give you the acknowledgement or the wherewithal to pick your own strategy It's a piece of cake. Don't make this thing more difficult than it needs to be. It's not that hard It's not that hard starting an account and putting an smp 500 index fund in there And maybe a small cap index split it up 75 25 If you can't do that Okay, I just did it for you but if you're Not paying attention enough to where you don't feel comfortable with with taking that step give yourself some time But that in essence is what you kind of need to do is resonate with The the strategy that you want to deploy once you come up with that strategy The next pillar that people don't really want to Acknowledge that people can determine for themselves is their Own personal tolerance to risk This is huge My tolerance to risk to own a highly honest different in other words I'm not going to be shaken from my position Based on some morons and a yahoo thread you guys if you follow me on in there Most of my smart ass comments are really aimed at the morons in there who just go in there and offer Equally no brained opinions about the stock action every day doesn't freaking matter It does not matter but the the real takeaway is to understand that If the stock goes up on somehow a hero as an investor if the stock goes down I'm somehow a zero in the investment None of those two things are true The very fact is that I've chosen to walk this a little bit more aggressive road To take on the risk to the downside And the potential to the upside and I have the tolerance to deal with it. It's just that simple Whatever strategic bucket that you choose whatever strategy that you choose in your application You just need to make sure that you're aligning the proper risk tolerance necessary for each of that bucket You can't apply the same passive risk tolerance in your s and p 500 account or especially the out-of-site out of mind 401k And expect that you're just going to buy a thousand shares of highly on and then Expect that next week you're you're you're not You're happy right in other words. You're not going to be able to just set it forget it Okay, and expect that That level of diversification and protection exist on the single stock side of the house because it doesn't Baby, you own a hundred percent of that position Whereas the s and p 500 you own a piece of 500 companies the total stock market index you own 4 000 companies Okay, you are protected by diversification Right, you are Subjecting your money to risk, but let's be real Look at how much of the market would have to fail before that entire etf topples over So you're putting your money into 3784 companies rather than One requires a little bit different risk tolerance and application takes practice Don't think they're teacher going to hit a home run right away. Give yourself a chance That's why stepping into the market responsibly as a passive investor will help give you an idea of When something feels kind of uncomfortable And when you can actually look to take on a little bit more risk in your application, all right The fourth pillar is your time horizon. This is pretty important Once you understand that you have 20 or 30 or even 40 years to invest Well, then that can help allow the other elements To fall in line So if you're 20 years old out there and you're looking at a 20 30 40 year investing time horizon Then that may help You sit back and say, you know what I understand what ryan's talking about. I understand the importance of passive I understand the importance of kind of staying close to the vest, but I'm young Right. Is there anything prohibiting me from starting a little bit more of an aggressive bucket over here? there's not And that time horizon really can help you understand What type of strategy to choose And it can really help you take on maybe a little bit more risk tolerance Right. In other words, if you're asking yourself at 60 70 80 years old to take on a risk tolerance That's not conducive to a time frame that might be shorter than somebody who's 20 years old Then you're just being unfair to yourself Right. So if you can get that alignment of the time horizon I think you'll be better off for it and it can actually help With some of the other decision making capabilities on how you define Your own self-directed investing program and the fifth thing I will mention I've got to all five of my lesson points and I'm very satisfied Then I'm going to jump in and get to some comments because I never get to my lesson never Fifth thing people don't want to acknowledge Make investing yours Make it personalized Make it personalized 10% cash on the side. You go into a financial planner. They're going to want it all You want to invest in single stocks? They're going to discourage you away from it You want to invest in low-cost ETFs index funds? They're going to talk you off of that and they're going to talk you into the mutual funds Why? Because the program and the structure that they have is aimed at taking you as said customer in-house and ensuring Ensuring that the financial planning institution benefits from your relationship This whole bull crap of you do better when we do better It's a con guys Okay I'm one to dispel the notion and just think that the word fiduciary is complete bullshit. It's complete bullshit It's just absolute garbage Nobody in this life Nobody in this life is worth trusting more than you Okay, not me Not anybody on social media Hell I would go so far as to say that most of your family and friends Really have their head up their backside in most capacities and especially this one Trust yourself Trust yourself Okay, the very access that I talked to to the market the very sacred relationship between you and the market The very sacred relationship that I have with my tsp will not be deferred my very relationship with as a retail investor To have 1111 750 shares of a startup company that I have conviction on I don't give a shit about all the noise. I don't care about a yahoo thread All I care about is the sacred nature of that relationship between me My wealth and what the potential is of that wealth for me and my family all the distraction It doesn't matter. That's the personalized element That's the element of walking around with your head a little bit higher because you indeed know more than the next person And I'll bet you you do I'll bet you you're smarter by tuning into the independent investor channel We look to empower one investor at a time. There's 62 people in this message I would give this livestream with the same passion the same intensity The same consistency if there was one or two people in here bob and all good They know I would They know I would But there's 62 people in here right now and they're hearing a message in understanding that it's okay It's okay To relate with the idea of taking charge for yourself. Stop giving away the farm Stop giving away all your good ideas Start stop allowing yourself to be subject to Giving your ideas to somebody and only having them Shift your ideas and not hearing you out and putting you in their agenda not yours. Okay The only thing that matters in this life is your agenda. I don't care if you make mistakes I don't care if you think you don't know at all I don't care if you think that you have to be an analyst to succeed in the stock market I don't read balance sheets very often. Okay. I don't need to Okay, I've garnered over a half a million dollars of net worth just being a value investor And adhering to a disciplined plan in my application You can do just the same. There's nothing that I do that is extraneously Unique there's nothing that I do that you can't do There's nothing that I do that I don't openly share through the social media experience That's the beauty of it. Now, would it be different if I came on here and said I I lost a half a million dollars But I still believe in my idea probably not Um, I demand results from people If you want to come to the day table with some convictions You need to show me some results and by god dare I say maybe you should show me some results That's been rendered beyond 10 years of investing then come talk to me not within a bull market But through multiple downturns through multiple corrections through multiple Bear markets and the ability to hold true to your program That means something to me you do that to me and you have earned my credibility and hopefully Hopefully we get you to a point where you've earned your own credibility And you can hold your head high knowing that what you do works is this stuff. It does work Thousand different ways to end up in a successfully financial Financially successful situation in your life I just show my very unique way of accessing the market in the capacity that I do Hope you guys appreciate that. All right guys, increase the bottom here. See who's in rebecca's in the house man. Fantastic It's great to see you So many empowered investors Six figure investor absolutely something to be proud of they're out there. They're out there and Wealth is not in the form that you would think that it is. It's not if you looked at me out on the street, man I I typically have my Outlet close on that. I just paid $12 for on discount. I might add And you'd never know the level of wealth that I have why because we as society want to stereotype everything We want to say no no this person over here has a lot of wealth. Therefore We we should follow them as a beacon of hope and light. No, I just don't believe in that You're your own beacon of light You you're special Take it be the best version of yourself that you can possibly be Do it don't do it because I told you so do it because you want to That's the key. All right Click it Click it Click the down like I don't care. It's no big deal I just am happy that youtube gives me the technology to reach out to people Mm-hmm. Yep, I use it and I abuse it for you guys that don't appreciate the promotional videos that I do That really gives me a financial boost to help support some of the other initiatives on the channel But if you do enjoy the content on the live stream A payment to me would be to kick on there and help me support that I don't do that to piss you guys off I do that for the money element because I did this channel for a long long time without any money And I didn't start it for money. I didn't start this for fame and claim I didn't start this to do anything other than to put out a word That I was passionate about and that I knew worked but that small element came to my Into my wheelhouse and I never would have expected That that opportunity would be made possible by what I have online Through basically an online resume on the independent investor channel And people can tune into my video and say damn, you know, this guy does speak from the heart You know, let's segue this into an opportunity and by god You put that type of effing money in front of me. I'm gonna take it. Okay. Yep sell out. Yep. You're a sell out Ryan Yeah, I just beg to differ man. I beg to differ. There's nobody like me Nobody can deliver the live stream like me You're not going to hear another live stream like me a lot of people have said oh everybody says that Bullshit Try to find a live stream like mine You won't You won't it's the only live stream I watch Every now and then I kick over to kyle's and matt's to help them support their project because they're hustling Just the same and while a lot of people are sitting on their haunches Be an ass backward lazy in this life We work with a sense of urgency and that I respect and I would just ask that some level of mutual respect is pushed through The independent investor channel for the multiple ways that i'm pushing through con content Some of the legacy ways of pushing through content. Don't make me a dime Don't make me a dime. So those lucrative elements I would expect that some people the very few who have said hey ryan. Good job. Congrats Would be in order. Do you think I get that all the time? Hell no not in this society No way we want to piss on success all the time We want to be pissed off at people who advocate for success We want to piss on people who come on and try to help people put out a message that actually works You know if I came on and just yelled and screamed at you You know like an idiot and just sold out Hell I would probably take off on youtube. I don't know All right But I do have a level of integrity and I'm very very scrutinizing with the projects that I take on But that is that is an opportunity that I will that I will run to ground. There's no doubt very hungry I enjoy doing it. So why not do it? All right Pay-O-D-T. I like pay-O-D-T penny royalty fantastic I saw what a Kurt Cobain's last interviews this week. It was pretty awesome man Guy was legit. He talks a lot a lot a lot along the lines of what I do about what he sees being Unfortunate in life Really like people most people Disappoint the hell out of me. They do That just because I don't I don't sense that people run quite at the sense of urgency that they need to Life's a gift. You never know if you're going to die tomorrow in 10 years or if you're going to live a long and prosperous life that of which I Wish you all the best in okay, but life is a gift Make it happen right Yeah, I hope so. I don't want you to come to the channel for any other reason than you like me Okay, you can disagree with my investing style. No problem. You can hate me. I don't want you on the channel I want you to come on the channel because you can feel like it after 60 minutes. You can step away and say Okay, well, that was not typical youtube That was not Um, he didn't script that I'm pretty sure I was watching his eyes the whole time And there's there wasn't a whole lot of this going on. There was a whole lot of this Talking right to you Giving the goods telling people what they need to hear I'm gonna cruise up for the last few minutes of the live stream anyway I Try to try to hit some of these military discounted as they would have offered. Sorry It's a cool project. Um, it's not going away. He's talking about the investor group It's a lot of fun I've held off from charging the the group that's in there now because I just have a lot of fun with it But I think it will kind of come to that here shortly Because I do pay for the website myself that comes out of my pocket And I just monitor and see kind of how things roll out I'm I'm very very careful With balancing the value To the cost and whether or not it's worth it to roll those projects out, but I'm very very careful when uh looking at um evaluating the status quo within my business And um, I know there's people in there that really appreciate it and they feel like they're part of a family And they are it's a very very special. What's app group? I I'd really like it man You know, Jamie's my brother from another mother. He's he's a viper in the group He would attest to this we were just having a discussion before I came on live That that's the connection and comms piece that I do provide a lot of value on It's just um one of those funny and fickle things in this life. No nothing's for free And um, I think that the the irony in that is that a lot of people expect a lot of stuff for free Mm-hmm. Mm-hmm. I do my fair share of giving away the goods for free guys. You just got to listen Okay, that's all I ask. That's a prerequisite of coming on the channel very very simple. Okay Decided to dip my toes in the smg very good. There was that discussion adrian going on before the um Before the show tonight very cool. Vo is dominated by big tech. I'd rather choose my stocks. That's a good point, bob It's a good point. Um, I do own a little bit of vu, but I own it in scale Okay, it's one of those things that um, it makes sense from a wife to have as an anchor within the wrought thigh array I don't think there's any better of a flagship product Then vo in representing the smp 500 and I've seen it perform very very well Um, that that's the problem is that when the market decides to take a hiccup these these indexes will they'll suffer stocks go down And um, it it'll be the shining light that I provide on youtube as well to say you're still all right You're still doing fine. You're still exercising. You're still eating You're still doing the live stream ryan right good job. Um, you're still fine And it's that separation of perspective and not getting emotional about your stocks Jesus why do we keep like digressing and falling back into like habits that we all know Are bad habits to fall back into really are just separate. Don't even look at it. If that's what you need to do I don't care do what you got to do to get the hell out of your own way You are your own worst enemy. Okay, find a little discipline for yourself. I don't know. Maybe you've never been disciplined in your life I don't know punch yourself a few times watch fight club. I don't know But teach yourself a little bit of discipline man. You got to figure it out with this investing opportunity. That's the way I'm a pullback tqqq Yeah, so the cues I own in mine. I really like it. Um, matt really likes the triple leveraged Um, it's it's really it really works for matt really does You know and it just speaks to the different style It really really contributes to the conversation You know matt's got products right off the top of his head just like I do to offer to the group and It's it's really a lot of fun matt. Thanks for offering certainly You know, I'm I'm really not in the pullback camp. I'm really not We'll wait to the market really really comes off. I think it sees below 30 before it sees 40 We've just ran up off of this pandemic low Covid has really really thrown a big monkey wrench into the the stock market stock market does not know how to react And um, it's we're in some interesting times right now I'm going to continue to be long the market. I'm going to continue to fund the market But as far as being aggressive on establishing big positions in in new stuff right here I I'm I'm not I'm good. I'm happy You know, I'm happy with the projects and some of the income streams that are coming in All that stuff goes to cash like I'm not using that to buy outside of my dca schedule Okay, so if you just kind of listen to me, you can understand maybe how I'm taking a little bit more of a defensive posture When it's time to be offensive, I will but I've been in defensive mode most of 2021 You know It's been relatively a fairly poor year and I think a lot of that has to do with the underperformance of my Speculative portfolio will be fine. It is what it is. I'm reporting to you real time in the short term Doesn't matter What I say now where highly on goes into the future or so fi Which I'm very bullish about my long calls on wish Those are going to materialize and they'll they'll be fine Okay Some of the other speculative positions that I've got they'll be fine long term. They're just not good right now What can I say? Truth hurts. I guess I don't know. I don't get hurt by the stock market man. I really don't tom h says Hey, ryan fingers crossed for a bigger dip Maybe what sectors of the market would you be looking to add to here on a further dip? I like healthcare. I like materials. I like industrials on a dip although they've come off fairly heavy But you know, I buy all the sectors at the same time And I think I try to avoid the zigzag game because if you try to pick the right sector to add to Um, I think you end up zigging when the market zags. That's why I own them all I own them all in the capacity that I do in that smaller $20,000 portfolio with M1 finance So I own them all right. So if technology does sell off a little bit and it rotates down to the bottom in materials Maybe even some energy. I mean energy has just been forgotten Just forgotten, you know, and those fund flows will go back in there I've always liked financials. You know, I like them all. I think if there is going to be a rotation It will be in tech I I I hope I'm wrong and some of the individual names that I'm very bullish on salesforce.com Apple google came off today. I mean if you were looking for a dip in google, I guess on a one day that was today Right, um, you know amazon amazon's always a buy. It just it never gives you an opportunity to buy it It just recently did when it hit 32 and nobody talked about it So, you know I to each a zone pick your poison I think facebook is still undervalued here facebook is still a relatively new company You know at just shy of 400 a share. It's undervalued So all kinds of different opportunities You just need to pick your poison whether or not you want to buy the sectors to your point by all the sectors Buy a total market or buy individual stocks out of each of those individual Sectors, I think health care has come off a little bit. It's always been one of my favorites. I like financials. I like materials a lot I like materials a lot and then industrials have already come off a lot and industrials is one of my favorites as well Okay, that's a good question, man. Very cool Wonder how hard it would be to become a financial advisor at this point. I just wouldn't want to there's too much Um, too much of a difference black and white from what I'm trying to advocate for And you know, hey, I'm not on here for entertainment purposes. Go do your own homework bullshit It's just like it's I don't understand why that industry is so protected, you know For for somebody who's 21 years old I don't know squat about financial planning But I just ran through an eight week course and I have my master's degree in finance Then I have the ability to sit down with somebody who's built up and amassed a fortune And somehow know the stock market and have the experience necessary to sit down And give the best recommendation for you Come on guys. I mean most of you guys agree with me on this. I'm preaching to the choir Good grief, but you expect something good to come out of that transaction. Oh my god Jesus Christ, let it go man Holy smoke. Holy's they have trained that young girl or gal or or guy to sit behind that desk And run you through a corral That's what they have trained them to do. That is the industry So I'd like to think that it's somewhat harder. I I don't know. I don't really care I just I despise the industry I despise it I chalk it up as modern-day highway robbery and I have my very very specific reasons for that How does edward jones make 30 billion? billion For doing absolutely nothing every single year by by sitting on there a massed $1 trillion of assets under management if you can answer me that and say Ryan they earned that money Oh, shit. Get out of my face with that. That is garbage All right, let's cruise up the the roll here. You got a couple minutes with a ton of people in the group here, man A good support. It was a good robust live stream. I do apologize for my soapboxes I couldn't get a whole heck of a lot in on the group here. It's really nice to see Dave, man Very cool to see Dave Um, I saw him and jerry on a live stream this week I popped in for just a little bit nice to see those projects are blossoming very cool We're all looking to grow our messages in one capacity or another and it's really nice to see the community grow You guys are all vip man You guys are all part of the independent investor community But I really want you to be very very crystal clear on this fact Your involvement in this community is predicated upon the cess that you can garner for yourself Okay, it has nothing to do with the value that you put on what you hear from me and that you can apply And somehow attribute back to me because you heard it here It has nothing to do with that It has everything to do with your ability to separate from what you were predestined to achieve in life And how you've been able to separate from that predestined path and accelerate your path And separate and expand upon that path To personal finance and personal financial freedom for you and your family guys So with that we will be back in two weeks. All right, I'm taking next friday off To take the little fell out of friday night lights wish you guys all the best Please heed my ask of you take a few moments in reflection of 20 years after tragic accident 20 years ago on 9 11, please And you guys be safe be well Appreciate what you have and we'll catch you back on the independent investor channel live stream In two weeks from now guys take it easy. Have a great great weekend