 All right guys. We are live here Friday evening on the independent investor channel fantastic love to welcome everybody back To the channel. It's great to see each and every one of you guys. It's really it's really cool, man project is is Doing wonderful. I I've had some people say that financial youtubers aren't doing really well right now. I'm doing fine I I'm doing fine in all capacities The stock market has been a little bit rough this year in 2022 The reason why I say a little bit rough is that I have to keep this into in the context And I know there's a lot of people who may want to tune in to me and hear about the doom and gloom Hear about you know all the thing that's being sold to you right now And I think a lot of people actually tuned in to me for my independent thought my independent perspective on financial markets and Entering into correction territory on the S&P 500 here is what it is It's it's nothing to get Too wrapped around the axle about it. It's just One of those things that has come and it's gone and it's taught us Many many times over what the prudent reaction to these markets are very very simple What's amazing to me is that how we continually? hop into this habitual Habit-forming behavior when this type of things happen and and again, I've been calling for this over the last Six months and I could probably tack an additional six months on top of it going back one year on the charts from where we are today and I think the accelerated nature of the sell-off has Exacerbated some of the concern I guess I'm gonna talk about some of the things that are aimed at helping you So if you've come on to hear me talk and preach about doom and gloom and oh my god You know rocks will melt and the seed may burn and you know the heavens will open up and just Life is a gift and I wholeheartedly believe that and I believe if you keep this amongst many gifts in Context, I think you'll have a renewed sense of perspective about this look I mean if you're into group think and The more group think you hear and the more you think you need to buy into that Propaganda to somehow make sense out of what it is that makes sense for you I'm one of the few youtubers out there that aim to Put the focus on your individual program Not where the map the masses are heading And the the minutiae and the blob. It's like that old movie that came out what in the 70s the blob Moves really really slow and it's consumes everybody it's just I Don't know man. It's it's interesting to me. I I've I've Taken on an interesting perspective here in filling up my minutes It has a lot to do with my sharing with you guys my my pyramid of a focus and How many minutes I spent I was thinking about it the other day I don't know how many minutes do I spend in the transportation category? How many minutes a week or or or day do I spend? You know fueling my vehicle how many minutes a week do I spend you know? fine tuning the Investment section how many minutes a week do I spend focused and you know, it's interesting I share those things and I think I should be given some level of credit because I I do preach what I play this is the way I live and It is as defined as what I shared with you guys openly and those are Pretty pretty intimate. I don't mind sharing those through social media a lot of people look at social media And it's like oh my goodness. This is this is amazing this social media fella fella fella I'm the one that kind of throws that stuff right back in the face and it's almost if and I hope that you guys are sitting across from me and You get a little bit different of a tone antenna from me I Think unfortunately, I sit back and laugh at sometimes how polished people are on social media And it's like maybe that's what people expect. I guess they don't expect a guy like myself who just comes on and you know Just just wants to to to hang out a little bit revolve around the topic discuss. What's going on here? What's on your mind? Here where you guys are fine finding pockets of success and It's times like this where I provide the most value through social media. No doubt about it because People want support and they want coaching and they want encouragement and they want Everything that I can deliver. I again, I live this stuff every single day. I Was I broke my streak today. I had to test for Moving up in rank. I've got three different promotional levels that I'm working right now with my current profession And it's exciting times. I was in a time last year where I was 100 percent convinced 100 percent convinced that I would not get to pursue the opportunity that's just evolved for me this year So expect if you expect me to come on and whine about spilt wine The stock market rolling off a little bit. You're just in the wrong place It speaks to my independent thought if I came in here and and started barking about all the propaganda that's being put through financial markets and didn't aim to speak to the truth and the truth is you need to you need to sit back and you need to reassess that Portfolios go down they go up the stock goes up and it goes down and I think over the last 12 years I've been foot stomping this for about half of the time that I've been doing YouTube and It's been for the most part in in a bull market But I tell you what we we've had periods of of of Brexit We've had periods of of global pandemic There has been systemic shocks to the market guys even during the course of this Bull market that we've all enjoyed and and build wealth and I look back over the last 10 12 years I mean Everything in my investing career can be captured within the last 10 10 years in so far as Finding self-directed investing Finding the importance of tax shelter and wealth of preservation within my accounts Finding the opportunity through YouTube which is wonderful because I'm a good advocate for the group here I represent all the other people out there that can resonate with the idea of Independent thought and and I think there's a lot of people out there that kind of sit back and they say Man alive. I kind of understand what this guy say and like I don't I don't have to show up every single week and you know And and sit with my legs crossed and listen to the the divine the divine words of a lesson that Ryan has to speak No, no, I don't believe that I've said this many many times I don't put people on a pedestal and I don't believe that you should either outside of yourself I think people sell the farm too often and they don't look inward and try to find what it is that they can enjoy about this life or enrich their own Financial security and and and if you think that I'm gonna come in here on the acute and and just give that away for the sake of buying into Propaganda that you know, the market's rolling off and and that I somehow have some premonition about where the market is going I don't really care. I don't spend my time thinking about that stuff I don't and I'd love to teach people along the lines that understand that maybe one of two things are gonna happen Either the stock market is just gonna inevitably continue down indefinitely forever and it will never go back up or Option two is that it will do what it's always proven to do and eventually work itself out And that's what I believe will happen the latter and we'll come into the live stream And we will reflect on times like this and we'll say god You remember that Ryan when everybody was calling for doom and gloom and you know, I get credit all the time I don't get credit right now But I do get credit after the fact to say Ryan you were kind of the steadfast voice of reason during times like this I'm just giving you the real insight of what I have been through I've been there and done that most of the seasoned investors in the group here understand that there is a prudent application in this game and It's amazing to me how people justify their Financial dollars being at risk in financial market for all the right reasons, but wanting to assimilate or Compare other Applications in their life if you have a problem with a relationship you work on it harder if you want to lose weight You got to do something you got to work on it harder a Lot of things in life if you have a car broken down if you have an illness you go to the doctor you get it fixed We're very reactive in nature The irony and the whole thing is that the stock market is one of those a very very few things that you have to define for yourself That application that is in many cases contrary to what you're used to Applying in the fix it category. I gotta look at this. I gotta it's down again Ryan. I gotta fix it It's down again. I wake up every single day and I I gotta fix it I got my good friend Billy Johnson in the group here He's he's on me about this highly on trade or this hot for me it's a it's a it's a monster investment and I Say monster contrary to public opinion. It's a Portion of the hyper growth That I took really it has nothing to do with some of the dumber investments. I've taken up the last couple years I think the cryptocurrency probably for me takes the cake. I think that was one of the most dumb Things that I've ever done is start the Roth IRA. It's still there and It's done nothing, but to prove to me how idiotic of a pursuance that is now In a in the hyper growth category you talk about investing in businesses and investing in those businesses that are on the right stuff They've got the right pedigree. Okay, and Looking at them in the acute like right now There's no way you could look at any stock and say wow This is incredible. Most people don't have that type of lens to look below the surface and say wow You know that there's some significant progress going on with the business when the wet blanket over the top of the entire market Is really dragging everything down with it and and that's just what happens during markets like this It doesn't mean you're a bad investor It doesn't mean that you have to panic and sell everything to make yourself feel better It doesn't mean that you have to rob Peter to pay Paul in other words Billy suggested that I sell highly on here at three dollars a share and go buy dividend stocks I'm buying dividend stocks anyway. Okay, and I Use the same analogy. Okay, let's take highly on for example. It's a perfect example One of two things are gonna happen either. It's going to continue on its trajectory down Okay, is it plausible? Yeah stock market. I just said there's nothing I can do to fix it I can't get my neon green wrench out and take a couple You know counterclockwise torques to the right to the right Specification to get it dialed in to go up in the right manner. We just had a great release of The interview it was an hour long. It was released through the highly on bullish community through Facebook I thought the interview was fabulous one of the best I've ever seen actually and It gave some undertone of some of the legacy information But also alluded to some other things that are absolutely worth being excited about and again Do I look at the $3 stock price? Does that does that make me excited? No, but you're missing the point that what I'm excited about is the goings on at the company And I have a pledge of a dollar amount toward what it is that they're doing with the company And I'm completely satisfied with what they're doing and that just goes into my deeper Conviction about what it means to be an investor. You look at it in the acute and you say you're wrong Ryan Look if that's your shallow assessment of my Particular position in this you have to remember my holistic portfolio speaks to my breadth and my depth as an investor Okay, Hylian is not going to ruin me. It's not I'm fine. I'm guaranteed a pension when I retire. I'm fine the independent investor channel has Satisfied and surprised me to the upside This has been an investment in the channel that has really surprised me because just like from day one on the independent investor channel I've never ever ever ever felt like I had anything special to render Outside of what was within my own capability for people I love helping people and I love talking about investing and I love talking about how financial markets can fit with any Individual out there as long as you've got the right secret sauce And I'm here to share that secret sauce from with people because I find all the time that People want to invest and they're well-intentioned, but the way that they go about it in the most simple of sense Is is is ill is is is not right and it's it's unfortunate It's really the naive approach to the stock market that I look to combat and hopefully there's a few people If not a hundred maybe even dare I say thousands at this point I don't want to sell myself short on what I've been able to create here on the I2 because that means the world to me And I I wouldn't do this if I didn't believe that we're making a difference In people's lives to really embrace this idea of independent thought Independent in your application The stock market's going down, but that's not even an area of focus right now It's an area of acknowledgement and then I'm constantly looking over the portfolio to see where I can bring those strategic Injects to bear and we're gonna talk about some of those I'm gonna give you some perspectives that may actually have you sit back and think a little bit about why you even do this Guys, I asked people on the onset. Why is it that you even invest and a lot of people when they start investing? They look at me and they don't have an answer for me. It's no problem. It's not meant to be answered I ask it rhetorically knowing that you won't be able to answer that but you have to continually ask yourself Why it is you're investing what it is about your pursuance of something better in your future Makes you tick. How is it that the pieces that make up your portfolio and how you seek out exposure to markets? How does that make sense to you right? Do those do those assets change significantly in down markets now enough to look at those assets and say no, thank you I'm done. I don't want to play ball anymore Right, so we revolve around those concepts And I think a lot of people had they not had and hopefully I'm very very hopeful of this Because I'm a glass half full type of fella. I hope there's a lot of people who can resonate with my message But furthermore, I would like to think that there's a lot of people out there that Take on the same philosophy of myself in that you don't always have to buy into what people are selling you Life is beautiful. Okay. There's all kinds of good things going on in the face of what is being Framed right now as as as an incredible negative to the market I actually believe that interest rates going up is something that needed to happen for a long long time Okay, it's it's it's a very simple philosophy in that loaning money should not be for free Right the loan the loner of said capital should be rewarded for taking that Ability to loan it to the person who wants it the person on the receiving end the recipient of that money Should have to pay Right to take on that capital and I just think for so long the cost of capital had been So abnormally low that it was an environment in the in the stock market to create this monster that we've created And we're just now starting to unwind that a little bit I actually would go out on a limb and say that this is actually going to be bullish for markets This is a sign of stability Okay, the last thing I want to see is the Fed throw in the towel and say well, that's okay We'll just go back to zero again because it's going to continue to exacerbate this problem with regard to the cost of capital and the fighting of the inflation that we have here by You know getting through what has been a global pandemic that has affected a lot of people a lot of people aren't here anymore Because of it and it's been it's been a rough go. No doubt about it. I'm not going to sugarcoat that stuff See, that's the stuff that we can acknowledge and say, okay, let me put that in a box for a second We've been through some pretty difficult times you sit back and you say is it really that? Surprising to see that finally tech stocks have rolled off. How many years did we just sit back and say How long can Amazon go up I'd wake up every single day it was up every single day Amazon up No reason boom boom boom other than being a wonderful company. I own it myself but the Nasdaq here down 25 percent at this particular juncture S&P off about 13 and a half percent right now represents what it is and it is a correction It is not a crash. It's not a bear market and it's certainly not a recession Where where we end up going into the future is beyond me what I am currently doing in my particular application is taking a pause Taking a deliberate approach to do what it is in way of defensive strategies I'll talk about that and leave you with some nuggets to think about in that the very thing that a lot of people are defaulting right now to is hitting the sell button and There's a thousand other things that you can do to focus in on that holistic approach Okay, not buying into what everybody tells you being independent in your application. All right It'll help you so immensely make sense of this if it's even In your best interest to make sense of it because why the market is going down at such an accelerated rate I'm not going to sit here and tell you outside of what I observe Is is rationale for it all of these good companies that just seemingly one year ago could do no wrong Are right now stuck in a market that can do no right to be back with you just a sec guys And with perspective right here He says I'm listening while watering the garden. Well fantastic, man Just like anything we have to constantly look to improve our lives We constantly have to look at those categories. I think a lot of people in this particular arena with money I Put a note here that says redefine your use case for money Okay, and for those that have been with me for a long long time. They realized that So many expenditures that we make as long as you're in the swim lane of what society deems okay for you or a symbol of success for you I'd be hard-pressed to Challenge each and every one of you guys to define for yourself what you consider to be success Can you rattle off ten things? I can you know, I can mm-hmm, so I challenge you to do that Why do I mention this? You know, it's interesting to me how people will look at paper losses in the portfolio Maybe even some people have looked at their portfolio and it's just too much for them They were ill-prepared for financial markets and they've sold out of markets at this point And they feel better for a few days or a few months or or whatever it is It's a regrettable decision mark my word. That is a hundred percent regrettable in all cases to look back at that Decision and and regret it. Okay. I've been through this many many times, but the very nature of the Justification that people put around certain expenditures overpriced real estate Okay, that's a bad example. It's an appreciating asset right now. It's a bubble asset things are going bananas right now, but Expenditures beyond what it is that you can reasonably afford or even choose to afford Over-exuberant automobiles that at some point will actually go to to dust eventually and Those are somehow okay, but when we look at the investment thing We we always look at it with the lens that it's okay when it's going up But somehow it's bad or everybody tells you it's bad. So you need to freak out when it's going down, okay? Here's the thing and I find this a real fallacy in Investing all the time is that there's a lot of people out there that have no problem affording Investing, okay, they've done the right thing and look at in their budget and saying, you know what we can segue $500 a month or we can segue a hundred dollars to it to an investing program. Okay, and They live a good lifestyle. They have a solid home But they have a lot of those attributes that I put in my pyramid that I shared with you guys They have a lot of that stuff dialed in a lot of it's really really good Okay, and they start to contribute to this financial piece and everything's clicking boom boom health is good I'm exercising. I'm maintaining a healthy weight, right? I've got a fabulous relationship It's going great. All right, and then all of a sudden this financial piece starts starts to digress a little bit And we start to just freak out on this thing and we start to Really look out all those other things that we contribute to like fuel for example. It's a sunken cost Okay, the only benefit that we get out of that is just the very transaction of Feeling our tank to get us from point A to point B. It's a very very shallow Feedback now I do get a little bit of benefit. I've shared this with the group many times when I fill my tank It's one of those few expenditures that I don't second guess in other words I'm in I'm out as quickly as possible I told you I time to fill in my Tacoma the other day at the pump. It took me two minutes It's two minutes where I shut the brain off. I don't I don't even think about the activity It's $60 that I know that I'm gonna drop and I don't have any choice. I can bitch and complain about it I can try to make my Tacoma a hybrid version, right? I don't know what else to do. So I don't spend any time thinking about those futile activities But it's amazing how accepted people are With regard to taking on expenditures that are somehow justified I think when they look at the stock portfolio and it's down, let's say, you know, somebody's sitting on a $10,000 portfolio and it's down $1,500 we start to look at that thousand and 1500 and we're like gosh I I missed out on that vacation or I missed out on that brand new big-screen TV and I missed out on all of these different things and You you start to do this and it starts to downplay the very Swim lane that you've put those dollars in To be invested capital and the problem with doing that is you start to look at it in the acute and you do not You lose track of that holistic type of thing and these markets make you think that the stock market will never go back up again Right. How many people feel that way when you look at your accounts and you're like man I've been investing for a year. I've had, you know Gretchen from across the street Tell me how much I need to invest and I've been watching this every single day. I don't even understand why people do this Well, people do it because there there is a different side of this coin There's a different side of this perspective and I find it interesting how I have to explain this to people after what has been a phenomenal Phenomenal wealth building cycle over the last 12 years. Does that mean the next 12 years are going to be a less conducive? Market into the future. I don't think so. I think it's never been a better time to be an investor And I think with the technological breakthroughs. I think I enjoy the heck out of my products that I get through Google I I think that you know Facebook everybody was on Facebook last last year I still think it's a phenomenal business now just like I did last year I'm invested in all of these companies wonderful companies out there like Adobe some of the cloud computing on the cyber security side some of the cloud systems Exciting stuff coming out right now to combat You know the initiative of companies that they have to go green. There was just an article tonight with regard to a binding partnership between Pioneer natural resources for you guys that have been sleeping on the moon for the last hundred years Pioneer natural is a huge player in the Permian Basin and They've just partnered with that Mar logistics who is one of the forward-leaning It is a private company But they have placed a ton of orders 300 to be specific of the hyper truck ERX these are exciting times to be in here with our ability through technology to actually look to the future with some level of Optimism and and and and take part in that evolution of these companies So, you know when Billy hits me up and he's just he's he's he's knocking my jaw a little bit It's no problem Billy's been with the channel a long long time and he always will be He can be as tough on me as he wants. It's a free country and I think that's why he respects me And at the end of the day, he doesn't have to respect the stock decision He does need to respect my conviction my devotion He doesn't have to respect because he disagrees with my stock pick all together And you want to know something guys in this world in this society the very thing that exacerbates people getting down on each other or or or being Hypersensitive or even being out in public and just being downright angry all the time Is exacerbated by this very thing social media? All right, and and I try to fight that that's why when somebody like Billy comes on or anybody who comes on And and they want to give a contrary opinion guys I'm evolving to that place now where I'm trying to make it a little bit more conducive to open thought and open dialogue as long as you're staying above board and you're not being rude and Cursing me up and down I think there's a place for that and I think we need to be a lot less sensitive to constructive criticism As right as you think that you are Because I think there is a bigger picture on who will ultimately be proved proven right or wrong If that's the nature of your measure of success in this life I I typically don't look at things that way I I I have a much more holistic approach and For you guys that can sit across from me on a live stream You're you're getting some insights guys that I I would not accuse a lot of people of having these insights I am sorry and this is just where the niche on the independent investor shines. It is Okay, my application has been proven to work And I look behind me sometimes and there's nobody that's willing to follow through the dust that I kick up nobody and maybe it speaks to How difficult I guess of a road that it is to follow But I'm telling you that there is a road there. Okay, there's a road to be followed and it doesn't have to be mine I've spent a lifetime defining what it is that makes sense for me And I'm super super proud. I I'm at a point now where the momentum is almost carrying me And I think that that is one of those areas that I I would wish upon anybody because I tell you what there's a a line the fast ones will ride for free It's out. I'm one of my favorite albums jar of flies from allison chains And and when he says that the fat the fast ones ride for free. That's what he's talking about He's talking about people who have that that spiritual insight to just embrace life Embrace everything that happens to you like jaco says man good when bad things happen to you and you get Kicked in the face. Good. Get your ass back up and do something about it I I just think people's solutions to if there is one in the stock market People will just quickly throw in the towel and I think unfortunately and I don't mean to impugn people But I think a lot of people Are used to being given their whole life given given given And I'll be dang if something is going to come around even something like the stock market and say, you know what? You're going to be stopped being given. Okay We're going to take right now and whether or not you like it or not There's nothing that you can do about it like it or not. All right I just I I I have the example of of what life would be like if people's Perception of what they think life should be and that is just floating through life On on a magic carpet on cloud nine and everything's okay I I would never want that for myself, man I want to look back over my life, man When I'm an old man if I'm lucky enough to make it and say, you know what I'm tired Because there were times in my life when I was asked to fight Uh, I was asked to advocate for people and that's exactly what this project is about Whether or not you guys like it or not whether or not you appreciate it or not Whether or not you find a slight little bit of motivation from this project I watch ozark and I'm I'm entertained. I watched the the latest release man. It's good catch it. It's pretty awesome I don't watch any content like what I deliver. I don't Um, and I'm proud of that because I believe that I strike at the root of impact I absolutely want you to leave a live stream From me because there's nobody else on earth that can deliver what it is that I deliver And please understand guys a lot of people have the ability to define this for themselves A lot of people But you have to spend some time thinking about it put it on paper if that's what you need to do Okay, it is just a section of what it is that you value in life If in fact you're looking at engaging in a wealth building program for you your family or even in my case a legacy Because I I don't care about the money. I I don't I don't care about the money If highly on stays low for the next 10 years Well, I will probably give it to my kids The decision has been made a long time ago now anyway, so what's the difference? You know Is highly on gonna be a three dollars a share 10 years from now But it's a distinct possibility if Billy's right and he says ryan you should sell all your stuff right now at three dollars and 15 cents a share Then he would be right He would be absolutely correct in that from the time now until the time then I will have made zero money going forward okay Worst-case scenario as it goes out of business then it ceases to exist nothing changes with me Nothing changes I don't expect anything to change for you guys either man be independent with your thought man Dare to be proud of who you are Dare to be proud of the independent thought that that that you we're all blessed with we are whether or not you like it or not You're all blessed with this ability man for independent thought man. All right. You've been provided that gift And so many people want to give away that gift of free will An acknowledgement to how awesome things are man if you can just exercise your own personal power It's it's an incredible thing man Get there if you're not there you got to get there because it is an amazing thing and I know people come in and they they Hopefully get some encouragement when markets are down because this affects people it does. I'm a hard-working guy I earn every dollar I get I've been given nothing. Okay, if anybody's going to be affected by this It would be me So hopefully you can come in and say well, you know ryan's from a rich and a fluent family That's why he can come on and say it's okay to just willy-nilly yolo yolo everything on highly on People who know me know that's not the truth They know I'm a as genuine a person as anybody I was explaining this week man sleeping in a folk soul with four grown adults man on the fishing boat in alaska, man I'm proud of that my air conditioning used to be pushing the bow hatch up into the anchor chain And allowing the sea air to come in on us because the diesel engine that we were right next to was heating up the folk So that was so bad man. It would stink This is what I talk about when I talk about coming from the garbage talking from the gutter So my opinion does carry that much more merit because I wasn't providing any type of privilege I wasn't I don't come on and say I'm from a privilege situation I've got a two or three or four million dollar portfolio Therefore you need to follow me because I'm a good investor No way no way whether or not I had three or four million whether or not I had 500 thousand or 400 or I was just starting out It does not matter The only thing that matters is what I aim to strike at every single week And that is the ability to take somebody from what they were predestined to achieve in life and achieve greater That's the beauty of it right there, man If they didn't have the encouraging words if they didn't have the ability to come in and have me sprinkle a little bit of Lighter fluid on your spark and get you going about thinking about little different channels In perspective move away from those things that deter your thought and think about those things that are important That's where people all the time man ricks and the group here. He'll agree with me, man You know we come across people all the time And they they they make a comment and you can just tell right away where they're coming from And I'm not saying that they're ill-intentioned with their comments. I'm not saying that they're stupid I'm not saying any of that everybody's entitled to it But there there there requires a deeper perspective in this deal if you're gonna make it make sense to you And what's made sense to me for many many years of evolution in my in my wealth building has been Investing in a box right and I've evolved to understanding that owning single stock isn't the scariest thing That you'll ever do in life. It will not be a lot of people think that it will be okay a lot of people Public speaking up there. I love it public speaking. I jump at the chance for it It's one of the most scary things that people do Really? What was the when was the last time you tried to do it? When was the last time you practiced? It's a high income skill All right I was put on this earth to do lives live venues and I've got a few people in my network who are just waiting for things to explode And we're we're doing it. We're going on the road man. We're going to talk to people and we're going to give people Hugs and we're going to shake people's hand and we're going to shake it up man and we're going to make people understand man that life is a lot more Of a gift and it does not deserve Going back and forth and fretting about that's what what what kills me with billy is I he's trying to help me But i'm like billy stop wasting your time with me man. I'm fine. I'm good You don't have to do that Like I said man, I was happy when I was in the gutter All right, I'm happy now with the money that most people would look at and say man. He's lucky I don't look at five hundred thousand dollars as even being close to what I need in this life To fulfill what it is that I sought out to fulfill in this life I have my own dreams and aspirations. I would expect that you do too Go get them. Go get them. There is a means to an end. It's up to you to find them. All right Independent thought the only way I know to be oh, I know that about you my friend There's no doubt about it. Thanks for the dialogue this week rick meant a lot to me um, I know sometimes social media can be an awful shallow place um, but uh When I say something negative or positive through social media, uh, I mean it. I mean it Yep, and those words resonate um, there's only one of me and uh when I say something and I sign at ryan my name Which I'm I'm I'm very proud of of my independent thought I mean it and I just appreciate the dialogue this week. Thank you rick appreciate you coming by all right Let's jump in and do Do we want to do poor haven't done portfolios for a while let's do that Absolutely. Let's see how see how uh, see if I'm able to still put gas in my tank See if I'm gonna have to take a pause This week and actually put some uh, put some thought into the budget here Uh, just under 64 in this no changes portfolio Amazon is at like pre recession levels, and I think we're going all the way back to 2010 I buy amazon right here Yeah, amazon's a buy No doubt about it. Uh, oasters showed some really nice, uh strength today in the market as well as highly on You know, it's interesting There's some banter on twitter and it's as if they carry over from yesterday's News that nicola was somehow going to come to mass production and the stock popped today. It was down enormous And and I just think people are sniffing out that garbage and uh, I snuck into the yahoo thread. I don't post in there anymore It's a big manure fest, but um, I snuck in there and watch some of the banter and some of the people are suggesting that We should sell highly on and buy nicola right here. That's the Shallow perspective man. I tell you uh, the road less traveled by man. That's the philosophy that we're working with here Here's roth one Um, just shy 96 here again. We're really really taking it on the chin with hyper growth Um, that's been a real drag on the portfolio. Obviously values holding in there Palantir is basing here v o o is rolling off again. I talked about the 13 five down The more it digresses 13 five is kind of a no man's land Are we going to make the 20? Sometimes you'll see it bump right up against that 20, which is bear market territory And I don't know if I see quite enough. I I don't I didn't hear anything from uh, Jerome Powell, which was the Real kicker is the markets shot up that thousand points that day because of some of the rhetoric that was pushed out there on the positive side of the house, which Was recalibrated the next day and that's where the exacerbated sell-off I believe it was one of the worst days in the market ever This week and that it was fun. Um, it was fun. I don't know. I was busy I think I went to soccer practice this week. Uh, I was in the gym every single day Um, I bought some new equipment for the channel You guys are getting to enjoy some new sound coming through here. Nobody's commented and say man, ryan That's really your voice. It's amazing. You're like a voice of an angel. Oh ryan. This is so good But yeah, it's uh, it's like Uh, six times the cost of my old one probably seven or eight times actually These sure mics are nice man. They're legit. This is sure But uh, yeah, I did a test on it. I couldn't believe how good the sound quality was so I'm making those improvements for you guys Um, I love the channel. I love the project I I love the ability to maybe think that the message is out there helping people. Okay So this is roth one roth two. This is mine. This is rolled off just above 80 Um, it is what it is. It's just a dollar amount means means nothing really Um, the holdings in here good. We're gonna reevaluate on a different day Uh, everybody's rolling off Everybody's like by dividend stocks dividend stocks are rolling off to Certainly being a little defensive But um, nonetheless the etf portfolio here it is This is a product of the independent investor channel. This is where a lot of those earnings are flowing to they're not flowing in there anymore I'm not dollar cost averaging this anymore I've got it up to this amount and and we're gonna watch it grow Wait for better days until we can start to churn a little bit to more Performance and efficiency out of the portfolio and we're just on a plane right now And that's a takeaway for you guys man. Just put it on ice. Okay, you're good. Um, don't hit don't sell I don't even like to say that during a live stream during times like this man. It's just off the table I don't even it's not even in my mind It's not even in my it not even in my realm of of Uh, of of thought right now. Okay Um, so but uh, that's the etf portfolio and then the dividends hundred even This is actually 11 sectors. I need to amend this. I'm sorry Through this downturn and everybody uh complaining and Jumping in headfirst into their prepper bunkers and and and uh making sure that they have enough rations I actually took a stab at the real estate reeds here Mm-hmm I added eight real estate reeds into this to round out the holdings to 100. This is a fabulous portfolio This is very defensive. It's a great way to invest and I'm going to continue to chronicle this Fits perfectly with my pedigree independent thought that's too many ryan. Okay, that's not enough ryan. Okay Why don't you buy an etf ryan? Okay, why don't you sell highly on ryan? Okay, is there anybody else who would like to tell me what I need to do with my money? Um, I don't do it to you. That's the irony I teach you what she should do, but it's up to you to pull the trigger Yeah, it's up to you to deploy In the many different fast forms and facets that I roll out on the channel. Mm-hmm. Do what you want Do what you want. No problem. This is what I do. This is real It's real. I updated every single week. It's real. These are real dollars And we've built this up over the last couple years of being here in virginia looking forward to getting back up to new york city I've got the new set. I've got new lighting Actually, what you're seeing above me is a couple hundred dollars worth of new led lights on the channel So improving it. Um, we've got I'm going to name my new bowl Rick will appreciate this. I've got my new bowl on the way from the netherlands His name is going to be meritor. It's going to be beautiful So meritor is coming and is going to Compliment mortimer now mortimer is actually plastic And I probably overpaid for mortimer. There's no doubt about it. But the cool thing about it is I have agreed to Uh, provide some promotional opportunity for this artisan. I'm receiving no compensation for it I'm doing it electively for the gentleman very very nice gentleman Names francisco. He's going to be part of the community. Absolutely. We're going to help him and anybody who wants to get one of the wall street bowls Can and it's bronze and it's freaking Freaking 21 inches long. Yo 21 inches. It's it's bad. It's awesome It's freaking awesome It's the best rendering of the bowl and green bowl on wall street that I've ever seen and I'm going to help him I'm going to blow some stuff through instagram to help him out And I'm glad to do it man. I reached out to him. He's super super kind And we want to support those efforts for sure. But um, those those are going to be some forthcoming things. I got some new decor for the channel Uh, a new I got my m50 camera. It's not even out of the box. I'm looking at it right now And and I'm going to do some I'm going to go back to some of my old school filming techniques where you can actually See behind me. I'm in the apartment now guys. I've had to do what I've Needed to do to bridge gap it over the last three years of being here four years of being in virginia To make sure that the product looked good, but we're going to go back to a little bit more Standard I'm going to do green screen filming as well. So uh, stay tuned man. It's all going to be fun. I love it Like I said many many times I'd do this channel. Uh, if nobody came in and watched it. I would I love it. I think it's great Bonds are uh in a historical downturn of epic proportions epic Epic um, the last down year was like three percent in like 1998 Maybe 2000 I can't remember that was like 10 15 years ago. Um, this has been um, unprecedented here in the bond to portfolio I'm not funding this right now. I just started it put a token amount in there. No big deal This is dsp Those that know I am a government worker. I don't disclose any more than that except for people in private They know my disposition, but I keep those two worlds Extremely extremely segregated. Um, it's the only word the only time I use the word segregated Because I don't like it. Um, I don't like referring to people of people of color I don't I don't do that either. I just like referring to people as people And uh, we bring we bring people together on the independent investor channel. I was uh, saddened to know that um, um, one of our uh, community members, um Money mindset. I called her m&m. She was part of my viper group. Um, she she's no longer with us and uh, damn broke my heart actually and uh, it's it's um Speaks to all of us in understanding that uh life is more than maybe what we make it day to day In that the stock market has surrendered a few hundred points or whatever it is It seems kind of not as important when I bring things home like that In understanding that uh, you know, just last year she was with us and uh, she's no longer with us anymore I just found out this week. Uh, so condolences to uh, her family immediate as well as her Uh, her extended family and friends as well. That's it's too bad Anyway, moving on here. We've got the the growth portfolios nice to hear that robin hood Was unhappy with the amount of fees that they're getting from people So they're upping the out in robin hood to a hundred dollars On the penalty for moving out of robin hood. Nice job Wish people would just want to listen to me about how crappy and crooky these people are Robbing from the poor and giving to the rich. I find this so ironic This is one of those uh, products of our new environment how people invest on group think it's just insane how people invest anymore Weeple actually a good discount broker m1 finance being the the the paramount I think uh, and charl charl schwaab actually is a reputable broker, but uh, uh, swiss out the swiss out here, which is a secure partners products we're going to be finishing up our engagement with a lanky eye CEO of secure products here, but Got a little bit there crypto don't want to talk about too much taking it in the shorts there And then there's the portfolio renderings four dollars and fifty six cents or whatever the hell it is Four dollars and fifty. It doesn't really matter We're taking it on the chin. It's been a rough year as far as the portfolio goes from a perspective Of entering into 2022 and just needing a few things to shake out. This has been a phenomenal year I'm remotivated. I am never been happier than I've ever been I've been a little bit of swoon with the uh profession in not being provided those opportunities that I would have hoped would have been um A lot more available to me a little bit earlier on but life doesn't work that way right What does jaco say? All right, if you get punched in the face good suck it up. All right Don't be such a sissy all the time, man. All right, my good friend says nothing is free. That's absolutely right And I tell you I'm just I'm proud as hell of this guy right here, man I've I I don't mean to sound condescending, but um, you know, kyle came on the scene He worked really really hard through a lot of content into youtube and um, I think he I've watched him Mature, I think with his application and um, here's a guy who's going to be scary good when he gets to be my age and uh I I hope he uh still considers me a friend and Always being one of those guys that's welcome in his circles because he's he's going to be always welcome in mind Absolutely kick over and help these guys man. We need to build these messages up. There's no doubt about it You're catching these messages, man You get plumbed into my network with a subscription and I'm not one of those guys that Hey, read this good subscription and did the build to do I don't care what you do All right, I don't care because I know the value of hitting that subscribe button Plums you into both my network and networks like this guy right here. Okay, we don't screw around It's just that simple. You either want it or you don't uh, if you don't good riddance I don't have time for you. I don't okay So plumb yourself into the network, man You'll be so glad that you're part of this community Absolutely And silent alerts in the house man. I really appreciate this guy really appreciate his banter on twitter A leader within the discord group does a great great job, man, and I tell you what there's a lot of people like this who are Really advocates for this movement and really want to see this thing through Right now. I think you know you look at the stock on life support here at 315 What does it mean? I can't really quantify man I've been doing this a long long time And I think it's a victim of a lot of different things the spack debacle Etc. Says highly on family absolutely It's a movement and I tell you what people who own this stock man mark my freaking words People who own this stock like myself are very very sticky shareholders Very very sticky and I think there's more potential in the short term to end up at 10 12 10 12 bucks 10 12 bucks you are going to solidify This investing community because right now at three Yeah, we're kind of marching down that road of you know, some scary scary thought Reverse stock splits Delisting et cetera et cetera and this company doesn't deserve that. They don't deserve it That's why I'm doing everything I can do to share the awareness At a piece through through through youtube and the greater twitter community Even though I I get ghosted and don't get one of my 15 questions asked On the the latest interview, which I thought was one of the best I've ever seen But that's a little jab in the side to me. No doubt about it. I'm tough. I'll create my own dialogue It's just that simple I did subscribe to the to the to the interviewer Because I thought I thought he did a fabulous job. It was just it was a home run of an interview. It was awesome and My boy David Mora got his question in there right at the end And it was a pressing enough question to where thomas healy would not speculate on the question That's a good thing It is because it tells thomas and the crew that look we're looking at those break-even projections We're looking at margins Right now for the products is super important to continue to press Never hurts anybody to press and i'm kind of one of those guys that maybe even step over the boundary of being a little bit too pressing at times No problem. I'm entitled to my opinion and I'm entitled to press where I feel it necessary to press It's just that simple Cash burn rate is 135 million per year. Treat them if that that helps you And right now the the revenues aren't even close to that. They're not even close They'll be lucky to turn out if they turn out the top end of the range this year It'll be three million. Their flagship product is not ready yet. It is the hyper trucker rex They make about 30 000 per unit on about a 90 000 Upgrade off the oem So they need to do a few thousand units to get up to that With the projected margins to break even in that interview thomas haley said a couple times Tens of thousands of unit and even said the hundred thousand You know, he said, yeah, we'd like to do a hundred thousand But you know tens of thousands is not out of the question and it's not it is just not out of the question at all For this company to to turn out numbers like that If they even start to get close to eluding that they're at break-even The company's at $50 a share So don't don't consider the fact that the 135 million in burn rate per year I will look for that to increase but as they approach that that critical mass or that break-even Um the stock price not going to be at three bucks I can guarantee you that stock price is going to move and it's going to move People think that they're going to be able to just jump in the stock not going to happen not going to happen You know rick's an expert on this topic and this is the 550 So this was part of the business funding that business plan to bridge To that eventual being able to self sustain Right and make sure that those those returns on on selling that hyper truck erx and the hybrid ex as well can be brought in the house here but The whole point of the SPAC process Was to fund their business plan and bring them into public markets And allow them to execute on their business plan and they've been very very steadfast on this very very steadfast So, um, it'll be a lot of fun to be part of i'm i'm super proud to be part of it It's it's just part of the retain right now. Just that simple. All right Very cool stuff cruise up here and see if I can't cherry pick a little bit jonathan says Yeah, I mean I met with her in private too. She's a great person. Marie was a she was a beautiful person No doubt about it. I I don't know. I don't want to speculate on what happened I don't think at this point. It's really important Other than the fact that she's not with us anymore And it's really too bad because now she was um, she was a heck of a community member. She was one of my vipers Always looking to provide a better life for her and her family and that If anybody's listening to my message Is that is exactly what I aimed to to to provide for people if I can provide that small little little mark? Yep That was good stuff run My third printed bull broke He says i'll buy it more tomorrow. I haven't told you how much it's going to be their partner A high roller like yourself should be able to afford it, but For me, it kind of signifies never waiver my bullish conviction on on Where markets are going? Where the financial opportunity is going to take us into the future? We'll never waiver. Um, this market can turn out whatever it is. They think it's going to turn out all the talking heads on social media All of the pundits on mainstream media Everybody can say what it is that they've got to say 98 percent of that stuff I don't catch anyway because I've tuned it out. I tuned it out a couple years ago and i'm better for it But uh, yeah, it's a big it's big it's bigger than this one actually it's big And it ships from the netherlands. I just saw it come through customs I'm getting text alerts on my phone to see where it's at in transit We're going to go a couple minutes over Uh, we I know the gents are queuing up their live stream too. I don't know if i'm going to make sure I feel bad sometimes overlapping Um, but I want to make sure that um, we keep the live stream going We're going to do a bonus 15 minutes tonight. Um, they're not going to care And oh, I just want to plug their opportunity Kyle or matt if you're in here, please feel free to daisy chain a link to your live stream Into my live stream you guys can keep the discussion going with these guys If you've never heard kyle or matt you want to hear these guys, okay? Just like I said earlier on in the live stream I only provide what it is that I know to provide these guys That's the beauty of it is the way they deliver information is is is incredible And it's singular to their style and and application and different strokes or different folks people You know resonate with different messages. So kick over there and and and and see Tell us what you got. Uh, are you talking about my highly on holdings? I'll tell you what I got. I have 37 leaps currently some long calls with Strikes as low as $5 per share And as high as $10 per share On the leaps and I own 12,100 shares the company right now. I'm proud of that position If I thought that the market was a little more conducive I'd like to beef up one of those holdings to about 5 000 shares I own about 2 000 shares in my taxable brokerage account And I think when when this thing goes to where I know it's going to go eventually I'd like to have a little bit more in it, but I'm being patient right now And I hope that's what you're asking. I mean, I just declared my entire portfolio to you, but If you want to know what else I have I have a lot of categories of success in my life You get you just got to tell me where you want me to go brother I have no problem and I'm one of those funny fellas that You know, I'll share with you guys what I feel like success is I'm not a wealthy man But I I'm certainly I'm certainly successful because I I feel like I am Very very happy very very content Very very excited to be stuck on this kind of momentum train that I'm on right now And I'll continue to do this until until I'm gone. I will it's that simple This is part of my opportunity and I think that's why a lot of people feel like they're at a Message that's not going to leave them They'll know that if they're gone away from the message for a little bit They know I'll always be there and and that's the truth and that's you know, it's kind of cool to see billy popped in here You know, I've been You know, I had some harsh words for billy, you know this year especially and Oh, it's nice to see those guys pop in even even if they do maybe just wholeheartedly disagree with my application In the current juncture. That's totally fine. All right But a cool medical ritz. I sure did I sure did Uh, I have to do the rollout. I haven't done the rollout to the update of the nine Um, I figure out the best way to get it to you share the portfolio with you. I have no problem I don't think that it's in the newest description yet I have not linked that yet in my new description So I do apologize and I haven't shared it yet, uh with uh with the community I don't think maybe my latest one did actually Uh, but nonetheless, yes, I did I did do medical property and I can't remember which one it was I have to look in I don't want to waste time on a live stream But uh, yeah, that was a section that I wanted to fill out in the portfolio. So It's amazing wash hands. Absolutely Very cool Give you guys some shotouts here, man. Very cool. Delvin. What do you think about bonds? Should I sell? Hell no. I don't sell the bonds man. You want to buy this bond market Uh, you're getting a once in a lifetime opportunity to pick up bonds right here on a severe severe discount No, you don't have to apply the same mentality. Look, I mean There there's not a lot of justification for selling anything on a on an exacerbated downturn No, just hold it. That's what I'm doing, but I own the bond ETFs. So I'm not sure what What it is that you is sober trades in the house, man. One of my favorite youtubers I need to call this guy out for doing a wonderful wonderful job and highly on he's one of the few. I wall street engineer. I think by last Token with him as he took a pretty big plus up on his job Which took away some of his content creating time But sober trades is awesome. I love this guy, man. The great guy I really appreciate you stopping by my friend. Um, you know, I I don't know It'd be kind of cool to have you on man the live stream one of these gigs. It's an open invitation Um, I these guys are cool, man. I've never met these guys in person, but Again, it just speaks to the grander network of content creators that are out there doing really good work, man Um, I watch him and he's like, okay, this guy reminds me of me. He's just a regular fella That's a compliment my brother it is man, so Kick over and help him support support his message as well. Very cool. Why are you anti bitcoin? Um, it's not that I'm anti bitcoin. I that's a little bit generic of a of a criticism Uh, I actually love the idea of the utility. I do I I've studied bitcoin up and down I've studied the blockchain and I think it has a real use case as far as from a technology perspective My angst comes from an investment perspective now if you've been investing in bitcoin for the last 10 years Of course, you're going to be happy and you're going to think it's the greatest thing ever But are you buying bitcoin now as an investment into the future as it speaks to the opportunity with the the actual utility of of the coin That that's where we could have a discussion about whether or not people need to be Leveraging their portfolio into bitcoin or keeping it within check like I do It's less than a quarter point of my portfolio right now and and that's it So I don't spend a lot of dialogue on it. I'm frustrated because it just does nothing but go down Um, and and it's it's just one of those things. I I don't quite understand and to listen to charlie monger And warren buffett talk about cryptocurrency. It's the only thing that actually makes sense with regard to an explanation and you know the the The the devote followers of the bitcoin movement would of course suggest that they don't know what they're talking about and this and that but You know to each his own it'll be a continuing and developing story Uh as bitcoin does find its use case in uh in transactions Uh, and that's where it's going. All right Very cool The team behind highly on can't be trusted. Oh, I don't know if I'd go that far He can smash it. You can caress it. You can touch it. I don't care Um, you can arouse it. You can yeah do whatever you want to do. That'd be that'd be great, man Very cool. Yeah, your question was awesome I I know that um, you got pulled on your question I I kind of felt like I'd get the cold shoulder. That was fine I I knew right away that you know when I wasn't in the first five questions asked that Um, I was going to get the cold shoulder. Perhaps maybe he vetted them before and thomas chose not to acknowledge My channel that that's a mistake on his park. That's fine. That's no problem. I again, I don't I don't banter to others I don't do that. I just don't and a lot of people take offense to that That's no problem. Um, I just I won't I won't do it. No way matter of fact I I after watching that interview I thought you know what what more could I add to this as opposed to just being independent to my Interviewing style. I thought the interview was fantastic. I I want him to build the company He doesn't need to waste my time with me or any other youtuber He can just build the company and do his job very far as that goes So I'm I'm kind of off that not that I was ever really on it from a perspective of providing free advertising That highly on that they didn't seem to appreciate my offer anyway. So I I'm I'm kind of good, you know I'm good. All right Thank you, David. Appreciate you stopping by my friend. Very cool very cool, man I'll start to wind it down anyway here. I wanted a little bit of time to review some of these I always go through after the live stream and um I I kick myself sometimes for not getting to some of these questions I'm glad to see you gave up water for the cocktail All right, come on. I drink lots of water anyway, too. It's all good. Whatever works It's all good Yeah, very cool He says unplugged was fire. Yeah, jarra flies is one of my favorites actually But uh, yeah, allison chains was was crazy dirt dirt's one of the best of all time actually, um It's a good one. Yeah, he was he was a gift while he was here Unfortunately, he had to go so soon but um a lot of his lyrics talked exactly about what he was feeling So yeah, just unfortunate feel that way about a lot of artists to have who've left early. That's for sure Oh, I don't I don't know I I guess maybe I would like to suggest maybe that I don't have I don't have this figured out um Maybe somebody's being rude or disrespectful because they're coming from a place where If we could provide a little bit of help. I'm I'm not I don't have inner anger I you know And so if I have the ability to help somebody who's maybe angry and they're they're asking for help in a way that You know, maybe they think that lashing out at others is the way to seek help on on their own I've Freakishly turned people's mind on their on their ear when they've done this to me and I've killed them with kindness And they're just like wow that that wasn't the reaction. I was expecting to get And what they expect is to eat for you to engage and you know some sort of of dialogue And I don't know I maybe I'm maturing to a point where I just don't I don't really understand I I was speaking with rick. Um this week about Maybe we need to work a little bit better about, you know, uh building people up as opposed to tearing them down Mm-hmm No Yeah, yeah, maybe that's maybe that's a better way to go about it. I don't know It's a good thought to leave you guys with anyways. We enter into the weekend, you know, I'm saying But uh, anyway, it's very cool stuff, man I'm our uses in the house here agree that we're not in a recession But uh fed can easily make that happen. So certainly anything's possible You know, if if we you know, we entered into the recession quickly for the global pandemic I thought that was a systemic shock to the system and justified in its right Um, I I just think that there's a lot of undertone of positive in the market that's not being addressed right now I think there's some systemic, uh headwinds in the market as well so Markets are never boring never and um They have an uncanny ability to surprise when people think that they've got the direction of the market licked And all those positive things that I'm talking about, you know business People's willingness to spend personal savings right and willingness to spend up for things like things that I Don't mind paying up for I live in this country. I love it I'm gonna do what I need to do to earn the discretionary money I need To live the lifestyle that I'm accustomed to so I'm not one of those guys that buys into this whole You know doom and gloom thing Maybe maybe the fed will throw it into a tailspin. I don't think that's their intention They're not trying to do that. They're trying to moderate Many many years of of easing on the interest rate to man to historical lows And we're trying to come out of that There's always a justification that the market needs some sort of easing on the interest rates And that's the easiest thing to do And we needed that we we really did need that ease Going into the global pandemic and now coming out of it We need to actually get back more to more of a normalized posture with how we apply our monetary policies policy And I thought this for many many years many years And I think if we need a little bit of tough love right now, then so be it You won't hear any apologies from me. Let the market figure it out. It's tough. It's resilient It'll figure it out. All right in the acute. It means nothing. Okay really does. All right So guys, I really want to thank you guys for coming in. It was an engaging live stream We did break 100 again tonight for the second week in a row. I'm very very proud of that. That's great, man It shows that people are interested in in the message And coming in and and speaking about financial markets. Unfortunately, there's nothing I can do about the volatility in markets But we live to fight another day and I guarantee we'll reflect back on these times When when we've recovered we've weathered the storm. We have not made rash decisions. We've kept our head about us We've kept a cool head We've fought where it is that there's opportunity to fight We've hunkered down when there's times to hunker down And and be patient and times to just maybe put our decision making on ice And sometimes that's the most prudent activity for me I use distraction As my best remedy and I'm busy doing other things guys all kinds of different cool stuff A lot of you guys benefit from it as well Things that we bring to bear on the independent investor channel opportunity new lighting new sound new opportunities You know the the independent investor group.com is not going anywhere We're glad to continue to roll out those products for you guys And we'll continue to do that for anybody else out there who wants to find an empowering message like mine Guys, thank you so much for tuning into the independent investor channel fast to 60 minutes on youtube We'll be back next friday nine o'clock eastern standard time. Be well guys. Have a great weekend Good luck next week in financial markets. I'm sure there will be something to talk about Next friday guys be well and we'll catch you next week on the independent investor channel. Thank you so much Be well No