 And we are live here on the independent investor channel. It's nine o'clock eastern standard time here on the independent investor channel live stream Happy Friday to each and every one of the loyal patrons to the channel I'd like to take this opportunity and welcome each and every one of you guys and also Invite you if you have other better things to do with your time. I would invite you to sign off now Go ahead and do whatever it is that you do that's more important than sitting and wasting your time with me Okay, I'm not going to fluff your hair for you. I'm not gonna do your nails to you and I don't I don't do petties Okay, I am the same on reef hella that comes on every single Week I'm much more sharp and much more evolved than I was six years ago when I started this project And for those of you guys who don't like my abrasive attitude You can go to hell. It's just that simple go find something else to do Okay, before social media you had to find something else to do Now if you're playing guitar and and you're doing things spend a time with the family And doing those things that I do when I'm not on social media for the one hour Great, that's fantastic the one common denominator that I have between myself and the subscribers of the channel is that every decision that you make Has to be done with an individual mindset in play And I think that's interesting I think a lot of people have interesting expectations when they come on to a social media channel And they expect to be guided or they expect to be provided some piece of information that's going to Somehow pull them out of being a complete idiot And it's going to change their life maybe even go so far as to find that love of their life and They're having trouble doing that so they tune into social media to Supplement all the deficiencies in their life. I'm here to tell you all that's horseshit Okay, so all you detractors to the independent investor channels you Pussies can just piss off. All right I don't need this that that's what makes me cool and makes me different You think it's a waste of time to sit here for 60 minutes with me Go do what it is that you need to do go make love to your wife Fantastic, that's much more important than sitting across from me. Okay. I do it all the time. All right I have all kinds of cool fun things to do. It's a long week I had one of the most fulfilling weeks that I've ever had through my job my employment, right and And I think for a lot of people perhaps maybe they're looking for that diamond in the rough on YouTube to show them to the promised land show them how to get the easy riches show them how to Not only build the yellow pick road, which is what they want me to do for them, but they want me to walk it for them Kiss my ass. All right. I've worked super super hard my life I've been in situations that I wouldn't wish on my worst enemy in my life And I tell the stories to let people know look man. You're you're time to Pay attention Has come and gone if you're over 18 years old You were probably a lot just as stupid as me from 18 to 25. I was complete moron. Okay. I worked really really hard My head my head up my ass Most people never pull it out. I did pull it out eventually. Okay, that's what happens to To you when you get older, I wouldn't do anything over again. That's for sure my channel is all about life lessons If you feel like you can watch how to get rich on Netflix, which I found interesting They staged a couple that makes over a hundred thousand and the Financial planner shows up at her house and walks by the Tesla and walks into this beautiful house, you know She makes twenty seven twenty four thousand dollars and spends twenty seven thousand dollars a month And somehow he's going to go in there and work that magic, you know I mean he's going to work it and tool their attitudes so that they can find Financial security and happiness in their life come to find out he sits down and realizes they're both unhappy as hell They both hate each other and they're both a couple of morons Unfortunate part about it is they brought a couple of children into the scenario. All right Don't find financial security go find a nice spouse that you're happy with it'll pay you pay off Way more than any of the millions of dollars that you're pursuing on a day-to-day basis Since so far as you'll come in and you'll throw tomatoes at a guy like myself and hate on a guy like myself You don't know who I am. I'm the same fellow that I started YouTube on The interesting part about YouTube is a lot of people think that they know me you don't you don't I Employ you go find out about yourself okay this show is about independent thought Not buying into the masses. Okay, the stock market investing is in the dumps 2023 I look at my portfolio of $462,000 and 60 60 cents and I realized that maybe there's people out there that have it a hell of a lot worse than I do Maybe people need to hear that stuff. I don't know but I got accused this week. I got called out and again I'm a puncher so I punch back, you know what I mean? I think it's funny I think it's funny that people waste their time actually doing that to me That's what I think is funny, and I think that's funny that they don't say it to my face as a matter of fact here Here's an invitation. Let me throw an invitation in here. I'm gonna copy it now I'm copying it and there it is you guys can show like this isn't a robot. All right. I'm a real person You cut me open I'll bleed a boom There it is in the bottom of the bottom of the chat. There it is It's like a big secret that I come on every single week and I kick the door open for people complete strangers from abroad Other countries here domicile in the US here in the US The opportunities are abundant. Okay For me, I'm looking at the landscape right now. It's a little bit frustrating I just think overall if I'm gonna give you my synopsis on the stock market. We're post COVID We're post COVID we've run into some ruck rocky ground Did you expect that the stock market was just gonna take off after one of the most? horrific Global pandemics to hit mankind. Is that what you expected to come out of this all? Now all roses and just put a few thousand dollars to work and end up in the promised land I don't expect that. I don't expect it for you. I'm sorry if you expect it I'm certainly sorry for you if you expect it and you get pissed off at me that it's not happening for you. Sorry Uh furthermore if you think that I'm somehow like going out on a limb by investing and highly on holdings I'm fine. Okay Some of you guys are losing sleep over owning a hundred shares. I went close to if not over 20 000 shares now I'm totally fine. Totally fine. You're in a relatively small position When you look at it in comparison to the total overall portfolio and the reason why I suggest that is what I've done is Downright remarkable There's people who make all kinds of money again Get get rich. I think or how to get rich on netflix right catch that it's entertaining I've stomach the first 15 minutes of the first episode Interesting He's doing the same thing that I do through youtube free of charge and again the crackers who wanted to come in and Spit venom to a bunch of other people not me again The invite is right there man If somebody wants to pop into my studio You'll pop in right next to me and I will come on and I will shut my trap that I promise you I will drink my crown and coke and I will be quiet And you can tell me everything that I'm doing wrong with my life And how I need to adhere to what it is that you adhere to in the values that you value in your life My thing about it is look man start a youtube channel. All right come save the world Okay, save the world. Let them know those secrets to life that you feel so obligated to come And save people on all right Stuff like this man I've gone through a few phases when the stock market starts to grumble a little bit and it gets a little bit cranky For the most part since 2020 for me monitoring the stock market stock market's been pretty horrendous place to be There's fits and starts stock market will go up one day. It'll come back off I'm slowly drifting north which is totally fine with me in the short term because I just don't think things are that good right now. I really don't I think the market is tipping on this idea that potentially we are done If not, maybe another 25 basis points away on another interest rate hike But we're closely monitoring the real estate market that I for one monitor and think that is absolutely I spoke with a colleague of mine Just this week who put It was in between a five or six hundred thousand dollar offer on a house outside of savannah georgia It was under contract offer accepted And a hedge fund came right over the top with a six hundred thousand dollar all cash offer bought the house right underneath of a nose And my colleague I would root for for my colleague Ten times over and twice on sunday. All right, this hostile takeover that's going on right now Begs this idea that maybe people need to take on a little personal responsibility. That's what they need to do All right, I'm right. You can disagree with me all you want. You can spend your time pissed off at me Irritated about my abrasive attitude. That's totally fine. I come on here I wish I could come on and talk about all the cool stuff that I want to talk about But I'm too busy fighting and swatting fleas all the time man. And the world is full of them, man You think that this world can actually exist If you listen to what I say about personal finance A ton of people could end up much more financially successful Than actually adhering to what it is. They think they know or what it is They've been taught that they know or what it is that society thinks they need to know Look, you come in here and you expect something of me. You expect a really good looking like clean shaven beautiful like suit tie and fella and I know my buddy My buddy roberts in the group here man. It's great to see you with investing in entrepreneurship That was one of the coolest pieces of content that I actually Reviewed this this week. I thought oh god one of my guys is covering me I I've had some pretty interesting reviews. I've had some scathing reviews and people don't like me. That's fine Um, and I've got pretty tough skin But I watched I watched the video and I was like, yeah, it's pretty accurate, man I that's pretty darn accurate. He did a pretty good job and he hasn't known me that long He's uh, he's a good guy. He's throwing down. He's doing some good product. He's he's really well polished I think he got some criticism this week about not being able to speak good english or sometimes It's just like jesus christ get used to it man. I social media is a wild It's the wild kingdom people you're never going to make everybody happy But I just I just find it funny because I'm the same I'm the same badass dude. I've been since I'm 15 years old like I I I'm kicking that ass on life I don't and I don't have some idea that somehow that kick-ass attitude is going to render itself Or or materialize into something special. Um, I know it will now if it doesn't happen All right, you can all come on and say, ah, you're free full of it Ryan you're this and that and this and that and this and that you think I'm crazy enough, man I'll die tomorrow pass my legacy onto my kids and be completely fine with that. I'm totally fine What I've been able to render 462,000 000.60 as of last count I Came on and did the calculations tonight about how terrible the stock market is and whether or not It's time to give up on the stock market and whether or not it's time to buy into The world is spinning off of its access and therefore retail investors need to throw in the towel I saw something come through CNBC on my 10 minute free preview Watching it this afternoon Microsoft and google and meta are up for earnings next week. Should you buy before the earnings report? This is the shit that they're selling to people now If you want to buy those good companies like amazon and google just buy them hold them for the long term Nobody talks like that anymore There is a reason why long-term investing which has proven to Build wealth even though you look at it in the acute times like this And it appears as if like what the hell am I doing? This is a complete not a waste of time I've been through this many many times Okay, I have been through it many many times and I have bought into this idea That buying and holding the markets is better than trying to buy in and out of the markets Okay, now i'm looking at I just saw freeman pop in man. It's great to see freeman Some of these content creators is funny where I get a little bit of tilt in the scale on one end And you know it gets a little heavy on the on the bullshit through social media And then I got these guys like investing in entrepreneurship and I got guys like freeman jones here in the group and I tip my hat to you guys I mean you guys should come in here one of these fridays man make a point to come in He says good to see iran keeping it real and honest. That's what it's about Here's the funny thing freeman. You know as well as I do okay. You're out there in the field I'm out there with my hard hat too And I think I commented on your hard hat in one of your videos and I was like There's a lot of people out there like this guy. Okay. Now. There's only one freeman jones in the world Just like there's only one ryan But I tell you what man in my meeting of people and I meet cool cool people man all the time I just met some this week man. I was in manhattan in brooklyn I was all over man out in jersey. I mean all kinds of just crazy crazy freaking cool people welders You know engineers Shipwrights in the shipyards man. I was in a museum from the museum was 112 years old just today on the water museum Yeah, owner and his wife lived on the boat That's cool stuff, baby. That's cool stuff, man. I'm sitting down at the table man I look over his shoulder and there's the statue of liberty on the bay and I'm like look over your shoulder I know you know this man. This is pretty cool. Look at that man. You've got a 30 million dollar view for here right Yeah, yeah, yeah, you know, it's all right. It could be worse, right? You know i'm saying go ahead and inspect the boat Let me know if you need anything. It's just like man alive. This is pretty awesome There's a lot of really really cool people out there and I hate to I hate to focus on the negative But I like to put that right in front people's people's face man. I really do. I don't think I'm I don't think I'm rude I made a comment in the discord group It got everybody up in arms everybody up in arms because I was going to go and engage and Some activity with my wife and I've been with her 18 years You know, you know, how many times I've engaged in that opportunity? Yeah, and my point was look, I'm going to go do something more important with my time and they were attacking me because somehow Everybody needed to like save themselves from me and not waste their time sitting with her 60 minutes on a Friday evening And they've got more important things to do with their time. Do you really you got more important things to do? Look if you do you got a sporting event to go to man Go do that ass man If you want to go and you want to freaking hit the bar and you want to run up a $250 tab Go do that no problem But there's people out there man That actually take a moment to sit back chill out watch my channel I'm about as real as it freaking gets. I don't watch other channels because they piss me off They're fake as fake can be man freaking fake. They're freaking fake. This is not fake Here's my notes for tonight's live stream. How many of you guys could take 60 minutes and roll it into that? This is my this is my cliff notes right here. Okay. I'm a cliff notes, right? The whole point of it is we're getting through to people The options there for you man, you don't have to watch the channel You don't have to come in and waste your time with me. You don't have to the choice is yours, man The choice is yours. All right. The subscription costs you nothing But if you're q watch it at another time I've got people who reach out coming from england and they're like, man, it's awesome It's awesome here in perspective from somebody from the states Who's domiciled in new york? It's kind of cool to kind of hear what you talk about and get a get a pulse for what's going on In the united states that hostile takeover the hedge funds right now with a real estate That is alive and well. Nobody talks about it. Okay. Nobody talks about it But in five years the stuff that people want to adhere to and get all up in arms about Let me give you an idea about what some of those things are fang remember fang fang Couldn't turn on the tv without hearing about fang I don't have fang because the invest in fang is fang. I got a fang. We got our kids a fang because it sounds really cool and fang fang Our qtf's greatest thing happening in 2018 2019. I did a video I got the most hate through the channel about my scathing scathing review of our qtf's Oh, ryan if they outperform the s&p 500 by 3x then it makes the Extravagant expense ratio good to go. You don't know what you're talking about our qtf's to the moon My entire portfolio is full of our qtf's good for you What happened if they lost 80 of their value? That's fantastic right on highly on you suck Well, I might suck but I have a position in a company that I believe in and it's down right now I can live with that. All right, my entire portfolio Wasn't in our qtf's when everybody was hyping it when everybody said that it was okay And then it was an absolute necessity to own our qtf's in kathy. We trust that kathy would Kathy would the dude coming would what's in kathy would and then kathy would now kathy would projects that tesla will be at $2,000 a share By 2027 what do y'all think about that? $2,000 of course it will kathy. It's the number one holding in your flagship arc etf fund Of course, it's going to go to 2000. Why don't you just say that it's going to go to? Oh, well, I've actually heard her say that it's going to go to $5,000 per share Actually, but I think she needs to kind of cool off a little bit and And get a little bit more of a conservative estimate stock trades now at what a buck 60 There was more put action sold on tesla this week Than ever in the history of the company Investors are projecting that it go down and quite frankly. I don't know why it's been elevated This long it's because there's a bunch of lemmings out there that buy the stock and think in elon We trust kathy would and in the arc etfs and they they still believe and it's like yeah, okay You guys remember right tesla tesla's all the all the boom right right Um these fads man the fads come and go Okay, the fads come and go and look at all of these that i'm jamming into a let's say a three-year stretch And I mean if I go back five years, man Look at all the fads that come and go easy waves to get caught up in easy snowballs to get caught up in Bitcoin bitcoin, that's a good one. Bitcoin's recovered pretty good Okay, but it'll still we'll start another fad for bitcoin here, but bitcoin's been all over the place amc. That was a good one amc and gamestop Fantastic everybody had to take their entire portfolio dump everything that they have and invest it in Gamestop and amc, and I'm like gamestop. You're kidding me every time I walk into gamestop They all smell the same you ever notice that odor when you walk into gamestop you walk in and it smells like like uh like a A bunch of cases of video games that have been sitting in a living room where people have been reefing it up really really hard And and they've come into the store and that aroma cannot like that stench that musky stench That's gamestop and everybody was throwing in their towels of portfolios man to jump on the gamestop debacle man It was it was awesome Because it was being shorted which my company right now is being shorted pretty heavily and I've chalked them up To be nothing less than rapists Um, that's awesome too. No problem doesn't I might be a good guy. It's all good. I'll continue to be patient Be a good father be a good husband and you know work Hard with my living which is another piece to my long-term philosophy Which we're going to get into in the back half of the live stream Like what the hell are we doing this for am I doing this to get on every hype train that comes along I might be on a hype train right now with highly on but highly on Is the opposite of a hype train like nobody's talking about it Nobody's talking about the opportunity that could be presented by the logistics need In the space that provides the number one The number one level of pollution right now In our world and they need they need solutions out there and I'm rooting for the solutions, but All the nicola trucks the bebs got recalled This week that was awesome news stock went up Highly on is nowhere to be found. So if anybody has seen Thomas Healy Please let me know and let him know that he's a brown That would be cool Still invested in the company. The idea is great. It'll be that it'll be theirs to bastardize and lose out on but While investor relations is on a vacation for the next year or so Perhaps maybe they'll come back and look to engage in that project, but hey, I'm good to go there My aduro clean technology is holding is us holding in right there And I'm excited about that. I'm excited for the prospects of A company that I believe has solved the plastic problem through their chemistry You know and and people are coming back and they're the man. I had a comment tonight I should share it with you guys It's pretty interesting go to the aduro video and check the comment It's like I need four things from you Ryan and it's like, you know the chip for me Really go piss off. Okay I'll send you a bill. Okay, if we're going to engage in that kind of dialogue I don't know. I don't owe you anything. Okay, you owe yourself If you don't like the company, don't invest in it. I invest in it. I fully disclose what I invest You don't like it. Don't invest in it. I don't care. I don't care what you do What I care about is my ability to teach you to care Think about that for a second. I think Ryan that's a novel idea. No, it's it's really not and I'm amazed at how we as a people As a society in 2023 have gotten dumber. We've gotten dumber We have gotten more stupid as a society and by 2030 We ought to just be walking around like a bunch of freaking walking dead It ought to be like the episode of the walking dead Absolutely 100 a bunch of freaking zombies dragging their freaking legs behind them Bloody and and and moldy in their faces because they're so so stupid They can't think for themselves without plugging themselves into a society that would just have you think one way And I'm just here to tell you man. There's no place for it. Life's more fun when you're independent dynamic and you think for yourself It's just that simple So I as long as I've actually chased everyone off actually to go find something it is It's more important to do with your time for those devoted subscribers to the channel who are going to stick with me Man, I really appreciate your time. I'll be back with you in a moment I Was Robert's got a synopsis as well. I think he summed it up a little bit better than me But um, yeah, I just didn't didn't really understand the hype when it was all going on, but uh Yeah, I don't know man. Uh pick your allegiance is where you will. All right Um, you know, if I look the part and I talk the part and maybe if I had I don't know You know 10 or 12 thousand dollars to throw around maybe people would deem me a player But I don't evidently people think I lie about the half a million dollars that I'm Um, evidently sitting on and not losing everything. I'm not going to starve to death. I don't uh struggle to Provide my family with basic necessities like water Um evident every now and then we get to eat some food And every now and then we get to provide ourselves with a roof over our heads and maybe even some security, right? Um, I am employed which is a good thing So I can provide a little bit of scratch for my family and and and provide them some sustenance when necessary And maybe buy some over the counter Tylenol to help us in time of need when we fall ill But um, yeah aside from that, you know, things are things are really really rough because the social media community Would have me believe that somehow my life is uh, my life is over Because of what they deem and my you know, I had one comment to the to the comment which was interesting It says a lot about a person through social media in who they are as a person in the comments that they make No, it doesn't No, it doesn't Yeah, how about you take that comment shove that up your ass. I that's the stupidest thing I've ever heard People like take on a personality on social media. Maybe I do a little bit Maybe this is the epiphany or the epitome of my actual alter ego I'm not really sure but it's kind of cool because it sets it off because I think sometimes people come on and they Allow themselves to be like Like something that they always wanted to be, you know, like they can Step outside themselves and they can bash somebody who's obviously confident in what they wrote what they do And if you did know me, you would know exactly why that is Um, I had one of the most fulfilling weeks this this week's had everything to do With my normal employment. It was pretty cool Um, you know, my social media presence allows me to to make a few dollars to support the project and that helps Um, but the but the real comeback for me and the real payment On the channel itself is the subscribers, man Every now and then I come across somebody who genuinely needs some help In in kind of understanding and maybe taking that leap of faith and understanding that they can do it themselves and I'm here to tell you man. It's super liberating. It's super liberating and there's nothing in the short term that is going to allow you To say yep, ryan. I heard you last week and Now we're a week later and you're the man. I love you I'm gonna happen long term, baby long term All right If you want to invest defensively do it if you want to invest aggressively Do it Totally up to you. You have to understand the ramifications and the protectionisms that exist on either end of those two spectrums All right I just so happened to deploy both and I don't look at them intermingled I look at them exclusively in that my aggressive hat is over here And my defensive hat is over here My fixed income portfolio is over here. I share all of it openly on the channel But if you learn anything from me, you can help understand that when I'm talking about my aggressive You know microcaps speculative aspect of the portfolio It is just what it is. Okay. I own all the passive indexes I mean, I own the total market. I own the smp three times over In three two different capacities I own voo and four different accounts Um, I own an index fund that covers the smp 500 I own vti I own SCHD In in a street strategic location. These products are fantastic products The small cap offering The vanguard's mid cap I own So the majority of my wealth to the tune of hundreds of thousands of dollars is tied up in passive wealth anyway, right? So if you like that idea and you're a little bit more conservative with your approach, right? The idea is to say, okay, man. I don't know what to invest in Ryan talks about investing on your own He just gave me some ideas about dividend investing bym vig. I own it myself as chd, right? And if you could adhere to some of those principles Of of of investing philosophy Then the what to invest in Becomes a lot easier to understand during robert's review of my channel when he was kind of going through the portfolios Some of those elements have changed a little bit For the better the portfolios of morphed and this 462 of wealth is actually spread across about 20 accounts okay, so Where the review would have taken him all day to do the review in all fairness An aspect of the bucket that I have that supplements the portfolio is just a cash bucket You know, I've got the corporate account Right corporate investments corporate cash Right, I have a bond portfolio right that helps supplement the entire whole I have a speculative account I have a passive account I have a large cap growth fund. I have the passive sectors I have the 100 stock portfolio, which is a really cool portfolio that sucker has held in Quite nicely. It's still paying dividends and I tell you what if this market gets a little bit of appreciation We're really going to enjoy that account. It's it's it's a lot of fun I I am finding if I can just give you those little tidbits and let you know how How easy it is to do The thrift savings plan the 401ks The m1 finance accounts, which I own three Okay, they're very easy to own anybody can own them And you don't have to get creative To to invest like me that can be your your portfolio and you can go on about your time You can take the information you can say i'm a complete idiot Okay, all the while deploying my system for your own take it. It's yours. Okay Bad mouth me on the discord channel. It's totally fine Absolutely, okay What I find ironic is that you don't have the co-honies to come and talk to me directly Talk to me directly. This is real. This is what it says. It's live 31 32 30 201 32. This is live Okay, and I open the floodgates Okay, I'm not hiding I don't hide you can't hide on social media. That's not the gig You wear your heart your soul your investments your portfolio right on your sleeve Okay, and you got people out there that would always have you understand that watching you as a complete nut or waste of time I totally agree. I totally agree If you've got your stuff dialed in the way that I've got my stuff dialed in You can do one of two things go start your own youtube channel and start polluting or helping the world with your with your noise or You're absolutely correct. You shouldn't be watching youtube go change the world with what it is that you know Okay, you already know it all you don't need any help, but there's a lot of people out there that do It just so happens that I'm really good at instructing and teaching people I'm really good at it I can deliver the information in a lot of different ways to make people look at it for themselves Understand the material and make educated decisions on their own. It's that simple And on this investing topic, I cannot believe The responses that I got on that show Live rich or how to get rich I think is what it's called on netflix I really could not believe that people are that stupid Yeah, yeah with money, they're stupid and I can't I can't do a podcast where I sit across from people and I'm like You're a complete idiot. Like is this staged and I can't tell If it's staged anymore, I don't know what's real anymore When I watch tv or when I watch reality tv or when I watch I don't know I don't know if they're entertaining me. I mean I watch walking dead and I'm pretty certain it's fake All right, it's just entertainment value But those that are are posing as a as a real entity and evidently this guys have got 4 million podcast subscribers all coming in and waiting their turn to find the promised land And I'm here to tell you it's a lot easier than that. It's a lot easier We're going to discuss credit discipline and we're going to discuss maybe cutting back on spending and and we're going to talk about We're going to talk about a mutual respect for money amongst the spouses. It's like How do people not listen to that and become patronized and they watch me and they're polarized but I watch that stuff and I'm like, are you kidding me? I can't believe I'm watching this I can't believe there's morons out there that really don't understand this and they make twice as much as me Twice as much. This lady made a grip. She made close to 30 000 a month and The software I think software engineering. She made a grip of money um But you know guys like myself and I've heard robert talk about it a little bit just because you make money It doesn't mean that you're you're entitled to anything You know and and maybe it maybe it's that and and that's the sense I got when he was doing the cross interview Sitting on the couch across from this couple You know, it was almost like You know, do you he asked do you have separate bank accounts of the couple? And they were like, yeah, they didn't want to admit it, you know And it's like are you even married just get a divorce man go do your thing and you go do yours You're obviously that's all you care about is money. You don't care about your husband Who's raising your two kids so you can go out there and raise the money and it's like, you know They're struggling with the the gender roles, you know and in today's society, right? Women want to go kick that ass just as much as the men do, right? So like what do you want to do you want to raise a family or you want to have it all We got to have it all we want to have this dream life and it's just like Jesus most people are just a complete disaster But yeah, some of these debacles man that we talked about in the last five years some of these height trains man coin base The newest one is inflation, right the global Conflict, right the war in ukraine supply chain issues, right things like that and I don't know when I come in and I infuse the youtube audience through the independent investor channel It's really just to focus on the long-term perspective and a lot of people just don't get that vision They don't understand what i'm trying to do They don't understand that i'm trying to take something that Really belongs in a multi-year explanation And give progress reports every week and people would say ah dang ryan. How do you do that every week? It's just a progress report. It's 60 minutes. Are you kidding me? I'm almost done with the live stream didn't seem like a wimp very fast notes Why beam it fast 60 minutes on youtube? That's why is it's a status report on something that is a lifelong devotion right And if people can get that into their minds and think you know what ryan's right I'm going to invest for the long term no matter what no matter what ryan. Are you worried right now ryan? You're really going out on a limb Really define going out on a limb, please Define how it is that maybe the 462 turns into 442 In a couple of months or or maybe we go into recession and maybe it turns into four and a quarter boy I tell you what i'm going to come on and really expect your sympathy then i tell you what absolutely We're really going to be scraping by we will be waiting in the bread line Mm-hmm. Yep, we'll be really hurting But what about what about the flip side of the coin to see everybody's talking now About recession and you know the world going to hell and There we go. I mentioned a fang. I've never I haven't heard fang in 2023 not one time on cnbc Haven't heard anything rktf sometimes it's mentioned a lot more because they're still caught on this cathy wood bang Tesla bitcoin amc game stop coin base inflation war supply chain then I shared with you You know what to expect out of tech earnings next week, which is actually a quite a significant week for tech I think it's going to be hopefully a coming out party and a leading in the market higher If tech surprises to the upside that the question was what should you buy before tech earnings? You're kidding me. It's a week What a week You're actually saying that to millions and millions of people. So for the 43 people in here I'm not causing any harm whatsoever. All right, these 43 people have elected to come in Um yak with me. Maybe they hear something. Maybe I offend some people and maybe they Maybe they find something that they can deploy and put to work in their own life. It's all good They get the same consistent delivery. Okay Uh, I don't expect myself to come on and be something. I'm not okay. I don't take my shirt off I don't let my tits hang out, right? Um, and and I'm I'm actually good-looking, right? So but I don't do that I don't need to come on and bag on other youtubers. I don't do that either. I don't do it anymore I used to I used to bag on the people that deserve to be bagged on All right, and they still do a bunch of clown puppet freaks Clown puppet freaks their entire freaking life is all about being a puppet on youtube They've got hundreds of thousands of drone followers on youtube man. It's it's incredible man. They're they're missing out on a life significantly more Satisfying than the one that they've carved out for themselves on fake social media Fake social media, man It's fake Maybe my detractors are here somewhere. That'd be cool. Yeah, ryan keep it real enjoy the channel appreciate you man It's all good keeping it real. I guess it's the only way I know how to be I really think I come up cross pretty abrasive. I think I I have the ability to really turn some people off no doubt about it It's an uncanny Attribute of myself I am abrasive. That's totally fine and and The world needs more abrasiveness. We need to stop being such pushovers. Okay? We need to get a little dumb shoe. All right We need to get a little bit of attitude All right retail investors are complete pussies when it comes to engaging in activity like You know my calling out of highly on right now is constructive and it's all business All right, and even some of the big heads in the discord group I find it interesting man Silent alert. I gotta give him all the credit in the world man. I love the guy guy seems genuine I'm a good judge of character Phenomenal guy. I don't know how he stays on the up. I really don't me. I'm like look I don't see it and I'm gonna say I don't see it him He's like he never gets a response on on twitter and it's like duty keeps on beating that drum And it's like man alive. You're a better man than me. You're a better man than me. I can't do it That's what makes the world go round appreciate the content. I put out. I thank you very much I could not do what you do. All right, because right now. I think they deserve scrutiny and You guys don't know half of what i'm provided through the channel to give me some insight that Maybe we were maybe we were duped Right, maybe maybe there was a lot more optimism in the product We will see it is a private story Everybody thinks that because we've got a few versions of the erx floating around out there that somehow that's going to be the end I'll be all know that they got a long way to go. They got a long way to prove It's a private story man. You will see what happens. Okay. I think the idea is phenomenal I think it's for highly under fumble. I really do. I think it's for highly under fumble All right, I got artemande in a group and when what advice would you have for low-income black investors struggling To get their finances straight and provide for their families I appreciate you coming on I really do All right, you set a lot in there. Okay, get your finances straight. You need to live within your means You have to live within your means you got a family I presume you love that family as I do I could be broke as a joke. You take my family away from me. You basically cut my head off. All right, you kill me All right, so you start there start with those really really good things. All right You talk about being a low-income black investor. I totally understand black investors People in general. I don't typically like to use skin color. I really don't So whether or not you're black white pink purple, I don't I don't care I know a lot of people of african-american descent and they're all shades of black. Okay. I had a really really good friend I was like, where are you from like south america or something. He says no i'm from Guatemala You know and it's like dude. Yeah exactly check yourself There's all different shades of black and brown and and white and me look at me. I'm a polka doc freak, right? So, you know, if we can all kind of laugh at that a little bit then we can get beyond the race piece But you're right about the low-income piece Right now the middle class my friend is being carved out. All right So if you want to know my secrets about building wealth Start with what you can start with okay if you're coming to the independent investor channel And you drop a comment like that which is sincere as hell. I wish you could come on and talk to me It's sincere as hell but start with what you can start with Okay, I really would look at either the total market which is kind of a Kind of a no-brainer way of entering into the stock market. I own it myself I'm not going to say it through social media But we're going to talk a little bit of code right now And I'm going to offer you a couple three digit ticker symbols and I'm going to hit enter That's my response to you my friend. So we're going to talk in code here The first one is the total stock market index. Okay, it covers small medium and large capital companies It's from vanguard. It has an expense ratio of point zero three If you're interested in talking about talking or listening to a professional Which I am not I'm just your friend through youtube And I'm just a badass and a cool cool freaking dude who talks it Straight right no matter where you come from socio economic Your ethnic background it doesn't even matter right but check out jl collins. Okay, so we're going to speak in code again here jl Collins I believe it's two l's there you go. That's for you as well Jl Collins put it into google and watch the 50 minute video Where he talks about vts ax vts ax is the same equivalent to the one that I spoke in code there on That I own myself and I also own the ladder. The other one is the smp 500. Okay If you start an account with a broker of your choice You can start that broker anywhere you want whether it be fidelity tv ameritrade if your wife works If she doesn't work think about starting the account myself and my wife. We do everything equal Okay, she has an account. I have an account Start the rothi array for yourself if you're low income You are eligible to take that If you could do a hundred dollars my friend if you could do 50 dollars if you could do 25 dollars And you might be thinking gosh ryan, you know, that's kind of crazy I'm not asking you to do something that I didn't do myself 25 dollars man Ask yourself you can do it if you came on to the channel and you were Sincere about the question That is what you need to do prioritize why you're doing what you're doing why you're investing now The elephant in the room and this whole thing is if you have debt You need to stop and curtail the spending and you need to overspend to the credit cards to get those Whittled down and and get those off the grid. You don't need to be carrying credit cards to justify Getting along you need to define what it is that you need in this life Okay, and a lot of people have a really hard time Imagining their life without all the libation that they have Imagining their life with all the expenditures that they have And it is it's a necessary discipline my friend that I can give you a vent slombardy speech all day I can give you a michael jordan set of you know motivation for yourself But until you look at it and say gosh ryan hit on a few themes here There's a few spending things that I think we can maybe curtail And you're gonna have to do it month over month year over year for a while until it really starts to set in Okay, i'm 45. I've been doing this since I was 20 20 to 30 I was a mess in investing I did everything stupid what I just broke down for you Is the way no matter what your age is no matter what your situation is It's a realistic tangible and more importantly. It is accurate to lower the fees Eliminate the tax burden that could potentially Be bestowed over your money and every one of those 25 dollar injects that I challenged you to put away Will go into a tax protected vehicle for you and your family I don't know my friend if you're low income now What's the prospect that you're able to save? You know 50 75 100 125 000 of wealth for the time now that you started and got the empowering message from the channel and entered into retirement with some level of of of Of financial security man. It doesn't matter about making millions It doesn't matter about what your friends are doing. It doesn't matter about what the hell I'm doing It only matters what it is that you are willing to do if you can just get the small pieces Have the perspective of what's important Have that framework of mind to just start those accounts and start funding it with that amount that you determine In a tax protected vehicle like a Roth IRA Okay, for you as an individual art amount And oh and or your spouse Okay, no matter what they are bringing to the table And you can start that and you can feel better about starting Next week and next month and next year on the right foot. I hope hopefully I got you Um got you a little motivated on the I love these questions more than any other question Because you told me an awful lot in one quick comment. You told me an awful lot about you and I I commend you I really do it takes a lot of courage to come on and offer something like this and hopefully my comment to you helped Good luck to you my friend Please visit the channel every now and then man and give me an update on how you're doing because I I think what it is that we offered tonight Will actually really really help you get off on the right foot Make that first 500 of savings Don't don't try to do anything outside of what you're capable of doing right now Outside of just making that first start first start 500 and to a thousand Fund that up every month and get your start man. You'll be on your way and you'll be surprised at how How much easier it is than you think that is right now We as people man, we don't like to change We don't like to we want to hear it from somebody else And so I take these questions with some level of sacred There's a sacred element to it and then you're kind of be trusting me with the words that i'm choosing to help you And I wish you all the best my friend. Thanks for coming in this evening. Very cool stuff No house brands ryan for me Billet works bullet works great. You heard me admit to my crown royal. Sorry about that I get it at the exchange really really really really low and I buy it once a year during christmas It's like they give it away for free But hey, we got we all got to make sacrifices, right? All gotta make our sacrifices and one former another man of very cool stuff biden signs exited order aimed At advancing environmental justice Yeah, I mean it's good I just think it's the right thing to do god I'd like to see this thing stand on its own without the government being involved in it I'm pretty neutral again with my political you know, I'm Probably have just as many ideas on either side of the fence than than most people and that's fine I don't talk about it. I don't really care I think the country is great and I think the country is defined in the great people that I talk about all the time again, the electricians You know truck drivers electrician, you know the shipwrights all the people that I engage with that's the country I don't define the country based on like You know a bunch of lemmings that are sitting back waiting for washington to Sign some agreement for them to have permission to breathe again But you're right. I think the wave of momentum is heading this way That's why I think this is a prudent comment I think we're probably pretty premature on Expecting anything of highly on during this bridging period. That's what we're in. I called it. That's what we're in And I'll continue to accumulate and monitor the shares. I'll continue to you know, watch it It's just absolutely being raped on right now. It's being shorted and you know, these people are out there, man These people are out there. I'm not I'm not one of them. I'm a good. I'm a good person And for the hate that I get through youtube I just cringe a little bit and I'm like man who are these crackers That are that are choosing to take that time and point that at me when I'm trying to do the right thing in fighting a system That would just all all too often man have retail investors man lose every single time I'm trying to fight that I'm trying to do something Contrary to what the institutions expect at least me to do and I'll probably profit from it and I'll chronicle the entire journey No matter how far down the stock gets compressed. Okay If it goes down to one cent or fifty cents or goes back up to ten dollars It's I'm still gonna be the same Ryan no matter what Everybody will love me at ten dollars. Everybody hates me now at one dollar. That's just that's just how people's shallow minds work That's just the way they want to operate I can't control that. It's totally fine, man Nicely done very cool. Alan's in the house. He says I'm finally debt free God what a good feeling that is I remember when I got debt free. It was an amazing feeling It was like I looked at it and I was like I'm gonna pay as much as I can I'm not gonna pay attention to the minimum credit card Payment and I'm gonna pay this off until it's completely done And it's not until you have that impasse in your life Where you're able to actually make it happen. I decided to take some money out of my savings and pay off my debt I didn't want to do it, but I'm glad I did now. I can save much more And build an empire Fantastic, you know, I think everybody should kind of look at themselves as a Personal empire. I really do I look at you that way And I don't even know I don't even know you guys personally but Look at yourself as your I always stay hungry on the program always stay hungry Um, my highly undead position doesn't make me less hungry. It makes me more hungry I think opposite of people So where you think you understand or or try to buy in or exacerbate what you think I'm thinking You're you won't get it You won't get it. I think way differently than you And where a lot of people who've got a hundred shares of highly honors are just, you know Getting crazy I'm accumulating shares here and I'm building a position now Where a lot of people built that same position six eight months ago and didn't know we were going to go this deep I held it about eight to ten to twelve thousand shares for a long long time I didn't add to it at all But right now on this exacerbated sell-off. I believe we're going to have a short squeeze on the stock and I'm loading up right now to take the compression to another level. I'm totally fine Totally fine And I'm happy to do it within scale not crazy You have to understand a dollar cost average the markets every single two weeks To the tune of about five or six hundred dollars a month So where our friend came in and he was talking about a starting amount I gave him where I was when I started But I've built it up over time and I've just prioritized and felt confident in The program that I've put into place and you're not going to have that confidence and validation within a week Or a month or six months. It's not going to happen. You got to do it for multiple years. You got to make it a Life's discipline. That's what you got to do If you don't want to do that don't look at it like quit and cigarettes, you know You quit for you know three days and then you start telling your friends how you've quit and then you then you start up again It's not like that you have to be kind of addicted to this idea of of saving and and investing and and looking to put strategic Bets there on the table for yourself and for your future. I mean Take a little chance man. It's not it's not That's what life is all about. I saw a twitter feed come through or a facebook feed where a young african boy Was underneath of the water that they had provided to his village and um, he they were splashing on his face and the kid just like Gravitated like a magnet down there because he wanted to drink so bad And it's like geez the weeds look at how the only thing on that little boy's mind man was to get the water That was being provided to him because he's he'd probably gone all of his life and had scarcity In the one thing that we take for granted all the time and that's the availability of water On demand, you know Love your brother and do what you do with the channel. Uh, just made it to a thousand shares. I'm highly on I'm done buying unless it hits below one. I think that's a good good position. You know, I think you're fine Stock hits a hundred, you know turns into a nice hundred thousand dollar Position for you. I think that's great. Um, that's a nice six-figure position for you You know, it's 10. There's 10,000. That's that's awesome, man Without a lot of capital at risk. I think it's really smart. Um, we'll continue to monitor it It looks like it's going down. It looks like Thomas Healy doesn't give it give a shit I don't really care. I'm really sour on highly on right now really sour It's typical. Uh, it's typical if I don't make it with highly on I'll make it in one of a thousand other ways It's not a problem. All right. It's not a problem I will retire taking care of anyway. There's no reason to feel sorry for me I am a lucky lucky person and and that that luck I hate to call it that because I've made my own way based on my own Decisions in my life that I've made independently. That's it and I'm super happy. I did I'm super super happy Some cool advice actually here from cashews Live beneath your means You got to define your means fairly Right Learn to shop and cook Very very simple a very prudent advice. I like it Mitchell dates in the house build wealth pay off credit cards first That's that's prudent. Um, these are my people mitra dates been with me for a long long time and It was nice to see some of these These frequent visitors to the channel Dan's been with me a long long time too, man. I missed the fastest 120 minutes on youtube You remember when I used to do that? Yeah, that was fun That was fun because I just I spend the first, you know, I'm done in two minutes I'm going to wrap up the live stream. It just feels like I'm getting Getting going. I will actually do that later on when I have more time And I'll probably do it multiple times per week because I just think this is the purest way of delivering Social media. I think a lot of people could just do the the audio piece I think podcasting is the best way to do this I really do but until I can do both media at the same time, which is I should do that too We'll continue to do the 60. It's what I feel like given right now You know, a lot of people aren't really interested in the stock market right now It's down and people are busy paying for overpriced real estate right now So I'll let them do that and then when the stock market picks up They'll be like, hey, go check this independent guy out. He's he's the man. He invests no matter what the market does You should do it too Yeah Yeah It's very cool stuff, man It's freemen's and I was highly on is becoming like a compressed spring If and when the certifications come through government mandates and play They already are buyers line up when it uncoils. Absolutely Absolutely, there's nobody there's no buying interest per se in the stock It's been left for dead along with the spack graveyard And I expect exactly what you say freemen here to happen and I'm going to be patient until then I Look man, the technology is not so novel that it's not an idea that I can't get behind and and totally understand I this is something that the highly on Facebook group talks about all the time rick does a really really good job He runs that group, but he always foot stomps the idea of understanding your company. I understand this company inside now I don't understand what they're doing now I don't understand if there's some negative going on right now that they just Feel like they just don't want to share information for some information some reason That's got me somewhat curious and and and interested and I don't know maybe they're Just not doing it because they don't want it. I don't know. I don't know I just don't know but I'll be there at the end of the year Perhaps maybe it's a different story at the end of 2023 when we're talking about this story. I just don't know It's looking like my puts are not my cash secured My cash long leaps on the company are not going to materialize I'm very surprised You know, it's it's really really tough It's really really tough to watch what's going on right now with such a great opportunity to the markets and just burning through cash at at at tens of 50s of hundreds of millions of dollars at a clip, you know, and They're down to 400. They're down to 350. They've been burning and they'll just burn it all to zero And and then we won't have to talk about it anymore Quite frankly, that'd be one of the biggest reliefs. I've ever had my life I could give two shits about the money who cares. I put a strategic risk on the table I lost who cares. Like I said, I'm a winner. I'll win long term. It doesn't matter. It doesn't matter But I'll be there till the end if we're gonna if we're gonna burn up. We're gonna burn up with Thomas Healy That's simple. I mean, I can't believe you could potentially go from It uh, I can't believe you could go from a billionaire to like You know, a low millionaire and maybe feel good about it How does your family feel about burning money and highly on and I'm not really sure I understand that question, man I re-rack it and come back to something smart I hate to point you out, man, but that's it's just a stupid comment, man Very cool. I appreciate you guys. I appreciate you on the live stream There was a really good group in here man close to 50 this friday I'm gonna end on a on an up note. I appreciate you with the continued support of the channel I really appreciate you time Like I said for those people that I asked to not Attend this evening and go do something more important with their time I hope the last 62 minutes of their time was spent wisely In another capacity But I I think some people that made their way into the live stream like artemonde probably made a difference and Probably was provided some information that I don't know has the potential of changing his life So we appreciate you guys appreciate you tuning in to the fastest 60 minutes on youtube We will be back next friday on the independent investor channel live stream over great rest of the weekend guys And we'll see you next week