 How to welcome everybody to the independent investor channel live stream on a Friday evening 9 o'clock eastern standard time I want to welcome all the guests from here Domestically in the United States and as well as abroad. It's so great to use the power of social media to bring people together Thank you so much for allowing me the opportunity to talk about Personal finance budgeting a little bit of spending discipline Everything that can help us get to our end, right as we progress through life and we encounter barriers. We encounter All kinds of different, you know pitfalls in our life and And that financial discipline can really kind of help us ground ground ourselves and it can allow us to avoid That all too often and all too prevalent Regret that I find in a lot of people and that they say very it's the number one thing and I'm in some capacity Admit to this sometime in my life that maybe I should have done more Maybe I should have invested a little bit more Maybe I should have paid a little bit more attention in my life, right? So if you're making your way into this message within the first couple minutes Congratulations, you're not going to get any help from YouTube pushing me across to the masses and that's totally fine I've got a fabulous community right here to the to my right Absolutely some folks that have been with me for multiple years and And good on them because they know and they've been able to take this information and validate it Okay, but for you guys that don't have a lot of time on your hands or at least have yourself Convinced that you don't have the time to devote to a message that could empower and change your financial Future for the better I'm going to give you the goods within the first five minutes, okay? If in the first five minutes you this isn't for you And you don't like the idea of me providing a roadmap for you to becoming a seven figure financially secure investor down the line and doing so in a very very achievable manner Then then you're welcome to leave. Okay, if you've got better things to do with your time Go ahead and do that But the reason why I started the independent investor channel is because this stuff is important It's important and all too often I find that there's way too many people out there When they talk to me about personal finance One of the first things that comes out of their mouth is I can't do it. I don't know where to start I don't understand why I know that I need to but I haven't got the foggiest idea of where to start And guys, you've come to the right place because we get into the nitty-gritty granular nature of applying financial stewardship from a fundamental perspective and Just interesting enough the live stream allows me to come on and digress and Really try to strike at the root of fundamental investing 101 ironically I chronicle my journey on the independent investor channel With regard to my evolution as an investor and I tell you what this week was awful tough on me I was walking around way too Way too often with my head down a little bit. I couldn't shake it All right So if you guys expect that you're coming on to the independent investor channel And I'm going to be just like every other channel. You're sorely mistaken I come on an openly admit that I'm a human being And a lot of people can resonate with my message because a lot of people can sit back and say good thing He's right, man. You know, nobody out there has all the right answers, especially in investing It's been proven over the years that a lot of those investors that think they've got all the answers They're the worst ones, right and just fail to acknowledge that investing at its core Is really really difficult in the short and medium term to beat The real secret is to Buy into the idea that over the long term the success rate goes right up through the roof I'm gonna show you guys what I mean here. I'm gonna kick you over and I'm gonna run you through What was the absolute? life-changing Eye-opening event for me when I got a hold of the compounding calculator for the first time Now I've already done up this scenario, but I'm gonna go ahead and walk you guys through it really quick So for you guys that are are new to the message you're new to the investing game And you've never seen the compounding calculator You guys are welcome to kick over And and check this out. I use the trading academy This is a compare investment fee Calculator that's very very simple to find Under the tools here at the top and then calculators But I run this scenario out in a lot of different capacities on Videos that I roll out through the channel. It's a it's a lot of fun And it can really help substantiate for you guys why we do what we do So if you were gonna start and you'd say ryan, I have no idea where to start this thing has just completely got me baffled I would challenge you to save up your first thousand dollars. Here it is on the top end Thousand bucks you're gonna have to have some starting capital Okay, I find all too often that people want to say I want to start But I can't start or I want to start but I don't know where to start I want to start but I can't start You're gonna have to get some capital started to be able to make that first start Okay, I don't know how much more crystal clear I can put that But if you're 20 years old out there and you've got 40 years of an investing time horizon And we we forecast this out a lot of people will come to me and they'll be like that sucks Man, I want to invest in game stop now and I want to be rich In two weeks I can't help you there. Okay the failure rate falls to 100 percent the success rate almost falls to zero percent if you were to scatter plot The people who try to come in and they try to beat the market with that type of garbage Okay, now over the short and medium term, especially the short term it can prove very very profitable But over the long term It it really becomes futile to try to beat the market in that capacity Now this calculator allows me to do a couple things like all calculators the monthly Will allow us to it can be adjusted in any way that you want if you say well 400 is pretty rich and for a lot of new investors It is and keep in mind that when you're young a young investor you can invest what you can and then increase this over time. Okay This is the real key right here And this is the niche of the independent investor channel to speak frankly if you want to know Really what my angle is my angle is simple I look to advocate for retail investors through going after the institutional investors and the empire that has been built Over the years they're in with regard to the amount of fees that they've been able to charge retail investors times hundreds of thousands of investors and That really adds up year over year I've got edward jones specifically year marked at about 30 billion dollars of just fees for doing absolutely nothing Except for basically saying that they take care of your money. I'm still not sure what that means I am an empowered self-directed investor. That means that I direct connect my money to the stock market That's just how we roll and I look to empower one investor at a time by sharing that very message So if we come up here and we view the report This is really the nuts and bolts of the channel here It breaks down the different fee structures, right? So the 40 years is the constant I want to bring your attention to this 193,000 contributed and over the course of your lifetime guys There are people out there that justify spending in a lot of different capacities over their lifetime And I would venture to guess that there's a lot of people out there that breeze past this $193,000 mark just buying automobiles. Well, what kind of return are you getting on that investment? um, I would fail to Um acknowledge that you're able to take $193 a thousand dollars and invest it in Property right over the course of your entire life right, uh, but um You know think of all the expenditures that people get caught up in day to day for That justify putting their money in other avenues this 193 here Now the real key here is this fee structure when we start to talk about The annual investment fee 2% here and 1% is what I have earmarked Industry average has been estimated to be at about 3% So I'm actually estimating on the conservative side of the house But if you were just a fall victim to the 2% fee and most people I talked to have no idea what the impact of this is Over their money Like in other words, if I were to say and give you the empowering tool to say that this 200 2% Is going to cost you 400 thousand dollars of your own money over the course of your life Right, you'd never do it, but it's not sold to you in that manner, right? So we use a fee structure here That's more conducive to what you can get through a passive ETF or an index fund with With vanguard, this is right where this comes from with the 0.03 and that boosts your annual return up To closer to 7% I use 7% as a conservative Rate of return some ETFs have gotten far greater than that But to prove the point We want to be able to get to that seven figure mark and really provide that that granular Mathematical proof to people a lot of people are visual learners A lot of people can't just tune in to me and say, you know, ryan, you're really really motivating But you know, I don't I don't follow what you're talking about And they need to see it mathematically And that really gives some framework and some structure and some context around Why we do this? Okay, so if you're 20 and you're Thinking about the investing game that really should have been that walkthrough that was the eye opener for me Now, I don't know what it could take. I I don't know if I need to give you some sort of events lombardi speech I really don't know But different strokes for different folks and different levels of motivation and a lot of people man, they're just scared They really are they're scared when it comes to investing. They hear horror stories about You know, their next door neighbor or even even family member that maybe have got caught up as recently as the last 15 years and some pretty severe downturns Right in the market and it scares people off of the market and that's really unfortunate because As I've just declared there We're not looking to go for those get rich overnight. We're not looking to get rich next month We're looking to achieve that 7 8 9 10 percent rate of return every single year And you think gosh ryan, that's a heck of a lot easier than than trying to always Find that next best stock out there that's going to go up 20 25 50 percent 100 percent. Okay Now a lot of people out there Absolutely discredit passive investing altogether. That's totally fine I'm not I'm not on here to tell you to do Certain things. Okay, what I'm trying to do is I'm trying to provide a testimonial through my own application And number two validation for what it is that you could potentially Expect because a lot of people will come back to the channel and be like you suck ryan Man, why don't you just invest in rktf's? They're they're they're growing hand over fist. They're beating the smp 500 What people are failing to miss is the risk associated with those certain assets and if the downturn in the uh rktf specifically Has been an indication of how volatile they can be That can really be that hold on a second man You know is this really for me in some capacities? It can be for a lot of investors But what I tried to to talk about is it's less about the product itself And more about the year over year compounding performance of your money That's what makes all the difference and if you paid attention to that deliberation The 196 thousand dollars were the hard dollars contributed to that account over time and if you can control your fees Over that money over the long term. That's where the additional 800 thousand comes from it doesn't come from you Picking the perfect stock. It doesn't come from you beating the market It doesn't come from you being the sharpest tool in the shed I can tell you that being the sharpest investor out there Plays very very little into your ability to succeed in stock market investing over the long term guys So I hope you appreciate that opening If you guys wanted your answer to a million bucks within the first team first 15 minutes Um, I indeed just gave it to you. So appreciate you guys Tune in in with me on this fourth of july weekend. Happy independence day till all In the greater independent investors Subscriber community And those folks that are joining in for the first time to the live stream. Stay tuned. You're in for a treat A lot of people would turn into that deliberation and say well ryan, I don't have 40 years. What gives you know I'm 24. I don't have 40 years You got to flex a little bit be a little dynamic the idea when we talk about defining your investing savvy is to Drop what it is you think you know about money. All right It knowledge checks me all the time and for you guys that have followed me for a while You know that i'm going through right now a pretty interesting impasse in my investing career 2021 is starting off Probably better than 2020 And that's not That's nothing to shake a stick at it. It's been incredible I sometimes fall victim and I I think there's probably other investors out there. Maybe who can Relate with this a little bit in that When it when is kicking ass Not enough Right And I think you know for my own personal Application I sometimes need to digress and say hold on slow the roll a little bit partner man I mean what you've done has been pretty remarkable up to this point and it and it really has been The the element of my portfolio that I have which is multifaceted Okay, and the exercise that I ran you through on the compounding calculator at the top of the stream Was based around a passive investing philosophy It's something that anybody can do So if somebody tunes in and they're like hey man, I'm in my 50s. Can I enter into a passive investing program? Absolutely 100% You know we we can we can push that out 20 years 30 years right into your 70s and 80s and see where that'll put you for that mark And I've had a lot of people hit me up and they're like, I like that passive Investing idea, but but it's not for me. My time has passed That's not true either because I've got a lot of people who hit me up and they're like they're already financially savvy Right, they they've already got The riches upstairs and it might not be in the financial capacity But it's it's in a lot of other capacities that those folks are really really wealthy Maybe they want to leave some well legacy wealth to to their heirs to their grandkids, right? I've heard all kinds of justifications as to why And I think the reason why I mention that is so people can really resonate with the idea of your personal Why is yours? It's nobody else's Don't invest because I tell you how awesome it is It's awesome for me and I can get on and be very very excited about the wealth building opportunity You know for me. I didn't come from money for me. It was always a pledge to myself that I didn't need all the crap that people bought um, I had a lot of my I guess needs and wants stripped away for all that time that I spent on the fishing boat Really acknowledging some of the cool things that this life is about and it's not necessarily about the dollars and cents that you earn it's it's really about Defining your own personal range of capability In other words, have you ever really really tested yourself? Have you really go on the distance and then ask yourself to go the distance a little bit further? How did you respond to that? right and the the ability to really test your capability because Honestly, there's a lot of capability out there amongst a lot of different people And their inability to discover that A capability of themselves Is really unfortunate and I think it's quite frankly a crisis Because there is there's a lot of smart people I meet and they're too smart for their own good Honestly, they're their own worst enemy In that you need to just whip your ass a few times, you know to to get yourself like out of your own head And realize that there are certain things in this life that work Okay, there's certain fundamentals that work For the most part there are no shortcuts. Okay, and I think that's a lot of What i'm going through right now Is I've got the biggest trade of my life on right now. I call it a trade. It's really not it's a big investment that I have In one specific element to the portfolio And I would be lying to you guys if I told you that I was within my risk tolerance to handle This level of investment and good on me for coming on to a social media community that comes on and I've earned people's respect No doubt and if they come on and they're like dang Ryan You're you're really putting this on the line here and I am I'm putting it on the line with my conviction And you guys are getting to witness all of it and that's really part of my You know going back and forth. Am I doing the right thing? Am I am I over levered? Am I over am I overthinking it? Am I outpacing my own personal ability? Right? I've stretched The the limits of my capability. Am I am I stretching too much? Am I am I making something up that doesn't exist? It's yet to be determined but guys right now. I'm I'm I'm in the thick of it And you guys are really getting getting to to witness a very very high level Investment thesis that I have a conviction of one specific company Mark Cuban said you don't need a million winners. You need one to make a million and that's the truth If this company does what I think that it could do and I've been given no indication that it won't Then we will be there You won't get a different application from me mark my word Right, but I think for a lot of people I provide hope The ability to go from nothing to something special What I just declared to you in the compounding calculator that in theory Is mathematically possible for all people Right, maybe you can't do 400 on the onset, but maybe you can do 50 on the onset Now we're starting to introduce the ability to put more people on that road when people are like he just said 50 Right, I was turned off when he said 400 a month. I can't do that Ryan. I can't I can't I can't right But instead of looking at it and saying you know what I can I'm going to do that Because it's the right thing to do and I've been Provided some level of validation mathematically that it is in fact possible It will be nature of becoming and immersing yourself in the game That that you get that physical validation. You're you're not going to get that symbiotically, okay? It's not going to happen by osmosis You're not going to tune into the independent investor channel and make physical dollars appear in your account by just watching me okay as sincere and aggressive And hardcore passionate about this topic It's not going to happen unless you can buy into and resonate with the idea Of the mathematical potential that I just rolled out for you guys The two key elements and takeaway from that is is this Pay attention to the reduction and fees and the comparison of certain fees structures that the financial institutions have been able to Really bleed off of accounts over the years. That's key takeaway number one key takeaway number one The more that you can tax protect those wealth preserve dollars over the long term The better off you'll be and then I would say the third takeaway really is I didn't provide any product in that deliberation The only thing that I provided you was the mathematical realization That the eight percent to the seven percent in the example which got to you to that million The question you should be asking is can I get to the million quicker if I get eight percent ryan? All right, therein lies the magic Okay, therein lies the empowering piece And there in lies your ability to step into somewhere that's so much grander in this life With regard to financial savvy and if you guys are tuning in to me for the first time you might be saying god This guy's kind of arrogant. This guy thinks he's got all the answers. No, I don't this is a financial channel Okay, I got a lot of other shit in my life licked A lot of other cool stuff. I've got I'm a phenomenal father phenomenal coach phenomenal husband Phenomenal applicator at work. I'm very very good at my profession Because I've worked very very hard to get to those ends But I very rarely talk about those successes in my life because finances is something that unlike the work element and unlike the finding a spouse that you can Absolutely think the world of every single hour of every single day of every single year that goes by in your life I can't help you with those things. All right, but financial savvy financial discipline It's the most emotionless thing On this earth that I feel like so many people miss the mark on And that's the whole essence of why we started the independent investor channel in the first place Is to bring people to a message that they can sit back and say man This thing this thing that I thought was so difficult To to tackle or to even try or to even start what will the implication be if I start You know, what what could it be mean for my financial future? What could it mean for my my family? What is it that ryan's saying that I will physically have to give up to participate in a wealth building strategy? Well, I don't know If you look at that 400 dollars and you say, you know what ryan? That's 400 dollars of stuff that I just can't give up every every single month Then that will be the end all be all stop point for me because I will only meet you 50 50 Okay, I will not go 90 for you In your lack of deliberation or lack of acknowledgement for how important it is to do this for yourself I will do my job and my job stops and ends at 50 50 And that is only fair in any transaction that if I can meet you halfway And you're willing to put some stock in the game No pun intended. You're willing to put some Some some some skin in the game, man That is going to be the key for you And what's going to happen is I might have been the one that gave you the motivation on the onset or really gave you The motivation to start because I've said to many many new investors out there the start The start Is the hardest part? It's the hardest part Guaranteed bar none and people will deliberate and go through their entire life Never having found the substantiation the justification to find that start for themselves Yeah So take that to heart We're going to go over the portfolios now guys to jump into and I'm going to get to questions for the latter part of the live stream Absolutely. Um, it was a it was a kick in the nuts this week. No doubt. Um, it was a kick in the nuts Uh until I looked at the portfolio reviews and then I was like, well Jesus, this is why we invest the way that we do and I think you're going to see Those elements of the portfolio that did suffer a little bit. They suffered and I say this where highly on goes The portfolio goes Highly on's come off of its 12 50 It's now below 11 dollars, which was the only purchase that I made today I added to my long call contracts. I'll talk about that when we get to this But I don't sugarcoat the stock market. Here's where it shook out for the week This is the taxable joint brokerage account There were no changes in this account week over week As appropriate. I think something to earmark here of interest is that we are 100 invested right now I'm not I'm not happy with that. Um My personal instinct and that's something that you get When you come on to the independent investor channel live stream, especially is You know, I would be a horrible poker player because you know exactly like, yeah, maybe I'm not so Maybe I'm not so excited about this However, we are sitting about the 10 percent total cash Compared to the total overall Assets buckets in the portfolio. So We've got something It's not quite as cash rich as I would like to be but this is kind of where I where I want to be So I bought what I wanted so Being a little aggressive on certain fronts and I I hope it doesn't come to bite me in the ass I've been through this a few times and I I do hope that this is You know, we're we're doing the right thing with our allocation. I I think we're a little bit aggressive here with the market flirting with all time highs I would choose Not to be quite so aggressive right here, but this is just how it shook. So One of 107 642 we are down a little bit week over week in this as to be expected With the highly on coming off. All right Roth IRA 1 Same thing. We're down just a couple grand in this week over week Nothing too crazy in this to report. Everything remained the same. There were no changes in this portfolio to speak of We just Really, it was tough this week. It was tough for me I very very rarely see the market go up all five days And the portfolio go down all five days Yeah, it was a complete convergence in the portfolios and for you guys that are tuning into the market And you're like, okay, I'm throwing in the towel. I don't have one dollar invested in the market This what this guy's talking about sounds crazy Don't miss the big picture I'm fine You'll see when we get to the bottom line I'm freaking fine I've got more money that I know what to do with and I don't need that money That's the difference between me and you a lot of people will sit there and wish their way to a million dollars And they'll never get it me I know I'll get there and I know I'll never need that much money in this life to be happy. Why? Because I'm happy right now I'm happy right now This plan means more to me than the end renderings the dollar amount in these mean really diddly squat to me It's it's putting together and it's the challenge of and meeting that challenge of putting a strategic program in place that works Oh, and this has worked. This has worked. I've chronicled my journey for five years on youtube Where we go over the next five years I don't know. Can we make the million? I I don't know. I don't know. I don't think like that Is it possible mathematically? Well the higher up we go the more in the more That becomes a reality as the portfolio grows and it grows fairly quick That's that's where I somewhat have a deficiency where I get caught up a little bit in the short And medium term with my application. I need to get a little bit more Discipline in that category, but hey, I'm I care But there's been some really good action actually in this portfolio the action and microsoft today fabulous What what can I say killer? Absolutely Pepsi good a lot of ups in this portfolio really highly on was the drag But you know when you got 100k in the in the company and it goes down You know 50 cents that that's a big draw on the portfolio Right, so you got to be kind of careful with that. Here's wrought number two Oli Baba great great action and google today I was down a thousand dollar bill and apple Didn't didn't didn't uh didn't miss a wink. No problem. We're back up in the black and apple now What a fabulous company. I I sometimes shake my head I've got my own personal relationship with this company in the stock and just what what an absolutely beautiful company This is it's absolutely fabulous a lot of bears Lot of bulls on both sides of of this company, but I can tell you from my in the trenches experience Apple has made me a small fortune. That's simple. I can't say so much the same about microsoft But because just here recently with them in the last couple years I've achieved the same level of conviction with microsoft Maybe even a little more than apple But uh, both of them are top tier number one and two in the technology Salesforce fantastic action. We're up big in sales force. Nicely Just can't complain nothing else really to earmark here In the portfolio that's worth pushing out during the live stream Down week over week a little bit so the big the three bigs right where where we take a little shift to the upside When highly on starts to move north a little bit. I think it's just basing here in the low 10s 11s 12s 12 and a half tops right And the longer it stays here the more it's going to need a catalyst to break out and it will eventually Okay, I'm just a little premature on looking it doesn't do any good to look at a stock That you have conviction on early and get pissed off that the stock doesn't move that really that's my own deficiency Right. I'm looking at it and I'm like Wow the action on this if you look at the last six months of chart. It's ugly. It's just silly ugly like holy moly I'm in a desert ugly but My conviction is unwavered You know, we'll see what happens. Okay. It just needs more time to materialize All right, so we're down just to touch. This is my account This is where it gets a little interesting and this is where when I looked at it I thought man, this is this is cool because while I was paying attention to the granular detail within the portfolio My passive investments were up week over week all of them So where that damage really would have been sustained on the aggressive growth element the passive element of the portfolio Really carried the load this week. No doubt. And this is my little portfolio that could chugging right along 17 193 we are up week over week in this. All right. The next one is the 71 stock portfolio This is the m1 Divided growth for you guys that don't know I chronicle. I give you guys every one of these holdings Uh, just about every couple weeks. I roll out a portfolio review. This is up over 19 grand This is wealth building 101. It's uh starting to pay some nice healthy dividends We'll get this up to 25 50 grand and eventually 100 grand And that's just that's just how I think about the investing game from a wealth building perspective M1 finance makes it makes it really possible. Now. This was one of the strategic Accounts that I have taken for action to contribute to And what a difference that has made you'll see here. This is staring down at 54 000 Now when I started this account nine years ago, I had a strategic goal of getting this up to 100 grand I thought, you know, if I retire And I start this I'm going to need a little bit of a slush fund to put a little bit of surplus capital Um that I couldn't contribute to the Roth on right because I was maxed out And at the time I really didn't have any interest in starting a brokerage account That's changed since then But this has really worked a nice strategic angle for me and two out of every 10 dollars that I earned from my job Go in here a cool 20 out of my paycheck. That is a new statistic for you guys But look how well that's doing really carrying that From up from a base perspective in the portfolio. These don't get touched These remain passive all the way So while that other stuff is kind of getting a little cranky this stuff is chugging right along and catching that appreciation Right that seven percent that I alluded to in the compounding calculator at the top of the live stream Very very important for a certain level or element to the portfolio to remain static You just want to fund it and leave it alone You want to hold those assets over the long term? Leave them alone Let them grow Okay So that that's a really really cool element here So the the three those three accounts that I just rolled to you those were actually up week over week So I kind of looked at it and I was like, what are you so hard on yourself ryan? It's because I care It really is I really really care now what I declare to you guys is what it is You can either like it love it Appreciate the transparency not appreciate it. I it is what it is. I can't change that week over week What I what I want to make sure that I'm very very crystal clear on the deliberation is to make sure that people don't conveniently hear certain elements of my message And deploy it incorrectly Okay, like I don't want people coming on and being like wow, this guy's got you know, five dollars and 30 cents in his portfolio I want that too And and and setting themselves up for a very very aggressive path when maybe they're not ready for it. Okay Um, and I'm going to leave that to each and every one of you guys I expect that there's a cut above as far as savvy investors that make their way into the independent investor channel I do not Relate with the normal viewer on youtube who's coming in looking to get entertainment. This is not an entertainment venue I do this because I'm looking to teach Fundamentals of wealth building and if you listen You will learn It's that simple. I'm a pretty good teacher. Okay, just got to give it a chance This was the only purchase I made this week. I added to The tens I added to the tens if you guys will recall I had five contracts at the tens those were bought at seven dollars and 50 cents or so When highly on was trading a sub 10 I actually bought more today added to that position Right around the time when the stock was trading At about 10 58 10 60 in the morning where it just went on that really nice wound It's in a habit of just dropping really really heavy Every single day and then trying to fight its way back. I really think that that's for the short sellers To keep the sec off their back. I digress But we'll see we really need a catalyst long term to really get some sentiment shift In the stock and they need to start producing Some products the fleets need to start picking up on said product and they need to start realizing some revenue It's really really simple But there it is I added five more contracts to the tens out to the expiry of 2023 So those contracts are available all the way out to january of 2023 It's a good way to own highly on And you don't have to buy the underlying stock and be subject to the roller coaster That i'm constantly on even if I wanted to get off and have some popcorn I'm on the neon green roller coaster. Okay. Hey, there's no there's no getting off dish. I'm a bitch But uh, it'll be uh, it'll be fun. Join join along for the ride So, um, there there's the portfolio value. So, you know, it is what it is We came off a little bit. So where there's some investors in the Community that are probably enjoying some appreciation from this week as passive investors which The majority of the wins that you'll experience in the market are going to come by way of passive investing So i'm not really surprised at this You guys need to understand the strategic risk i'm taking how i've buffered that risk And and and really how i'm stretching my own personal risk tolerance to make that A reality if that if that conviction on this company, I only need one I've said this before Um, if you think that i'll just win this one and roll on to another one No, you you you you severely underestimate me if you think that that's going to be my program I will build a portfolio that will rival all I will put a ton of cash aside I will expand upon my alternative investment Uh, uh, niche and actually it's a little bit of an addition for me If you guys want to be good stock market investors become collectors Look at your stock as a collection I just treated myself because I was feeling pretty bad this week I treated myself to one of my very favorite baseball cards of all time. Now. This is a psa 8 ricky hinderson rookie so for you guys that I can appreciate a baseball card collection. I've got a bunch from my whole life And uh, I'm waiting for psa to open back up so I can get that graded But that that was that was the treat for me this week is my ricky hinderson rookie It's a beautiful card. I just pulled it right before I got On to the live stream tonight. So I was pretty stoked made me smile I've seen ricky play before in person. He was one of my faves So somewhat nostalgic for me To actually get to reach back in and and pull something like that Now the card that I had the very same card when I was younger was not as nice as this This is a min state 8 and I had to pay up a little bit for it. I paid just around 300 dollars for the card Which his gem meant 10 just went for about 160,000 at auction so Baseball cards are kind of coming back a little bit with some of those uh hall of famers that have been in the mix and and and so When I when I talk about doing a A stock move like this The timing is right the conviction is right My mentality is right You know everything is kind of aligned for me and this is This is like the big leagues for me. This is like the super bowl of of my investing career And I'm very very aware the these opportunities. They don't come every day. They don't Um, is it going to work out? I don't know. Is it going to go down? Is it going to go up? I don't know and and that's something that if you follow me you do understand my conviction the potential The elements of investing that I'm I'm really pinging on with this company To be that one solution that they're trying to solve I think the timing is right on the investment So we will see and we will roll that out if I end up being a hero or a zero Um, then I guess that will be the legacy of the independent investor channel But uh, we're gonna live to fight another day and uh, we're gonna allow that team as they expand to to work through this I'm super excited. Um, it's easy to own the company. It's just disappointing to see the stock Uh, really not respond to any of the positive news that rolls out on the company Pretty frequently and so that's that's pretty frustrating But again, it's not I'm not allowed the latitude in stock market investing to look at a stock And because it doesn't do what I want it to do To pitch and complain Stock market investing is void of all that activity. All right Stock market investing will humble you a stock will do what it is that it's going to do Irrespective of what you think it should do. Okay. That's a real takeaway The market over the long term goes up into the right But short term and medium term it's anybody's guess as to where it's going to go From month to month Day-to-day week to week month to month for sure It seems everybody's fixated on week to week right now and I just Man, I pity the fool I pity the fool that looks at the stock market right now and lo and behold we get a down month or two in a row And people are going to start losing their cop. They're they're going to start losing their minds They're going to start to come in and be like ryan. You suck. You're an investor. You suck I don't suck. I'm just a hard worker. I don't apologize for that I think there's a lot of people out there that can really resonate with that idea I'll get to some comments guys really. Hope you appreciate it I'm not going to have time to get to the the the focus and savvy and equity IQ lesson that I had queued up because I Chewed up some of my time with the compounding Exercise that I did for you guys, but if somebody heard that or saw it And saw the right things That stuff right there is life changing if I was a 20 year old And I had somebody like myself who does nothing Nothing, but dig dig dig dig deep to give you the goods The goods that's the goods right there. And that's at the end of the day. That's the best I can do If it's not for you, it's not for you turn and walk the other way and I'll Solution say good luck to you. Absolutely. But for those of you that heard me out You'll be better for it. There's no doubt Understanding that framework and potential over your money and the compounding effect Is beautiful. It's a beautiful thing. It can really give a lot of people some hope and they don't need to make a million Okay, a lot of people will go into that compounding calculator. They'll play with it and be like Well, you know, I want 200 in there a month and you know, right? I don't need to be a millionaire Ryan, you know I don't want to start with a thousand. I want to start with 750 You go girl Start with 750. All right, do it for 20 years. All right, you're 40 years old. You want to require retire at 60 That doesn't apply to me. I'm not young anymore. I'm not a spring chicken anymore, Ryan. I'm 40 years old, right? What do I do? We'll go into the compounding calculator run the numbers for yourself and see where you'll be All right My job is um, not to feed you fish every friday night. It's to teach you how to fish Okay Okay 50 50 remember the deal you're going to have some responsibility in this relationship between the independent investor channel and yourself And uh, a lot of people don't like that charge A lot of people want to sit back on their haunches and provided all the answers and they don't want to do a damn thing to help themselves I hate to say that man, but that that is the truth And there's a lot of people out there that are like go Ryan go to say it like it is I think that's what people like about me because I do I say it like it is A lot of people expect way too much And they don't want to do the first freaking thing to make that thing happen in reality for themselves Yeah Yeah, I'm a doer. I've made a lot of mistakes by being a doer The irony in that is I've had a lot of success being a doer as well Right before we're thinking right have some moxie have some savvy about this thing And I strengthen your investor IQ Okay I read an article just this week and the the title of the article caught my attention owning stocks is only for the well to do It's only an activity for the rich In other words investing is not for you I think that's extremely short-sighted quite frankly. I think it's very condescending and rude Because I think the very people that investing is for are those very people that that article seemed to aim at Right and and I furthermore think that that was meant to Somehow take a stab at the retail investor and say that If you're just a working class or you're part of the rat race I love being called a rat. I really do I put in kill them all metallica and I rolled to work every single monday through friday And i'm happy as a clam doing so man. I love my job I love my devotion when I tell people that I serve this country people like right on ryan shake my hand Thank you for your service if I were to go on the flip side tell them i'm a youtuber they'd be like Hey, all right, man, that's great Doesn't come doesn't quite carry carry the same Once considered the rat race The other is uh evidently an escape from reality and the ability to Achieve riches beyond your wildest dreams I don't I don't know what that means. I really don't I really I've not cared about that stuff for a long long time And I just kind of chuckle when I hear that analogy. It just blows my mind man. It's very Very short-sighted and then there's a lot of people that are caught up in that rat race I'm glad the uh cancer surgeons are caught up in that rat race There'd be nobody to operate on us if they just decided to uh fall off tilt and not go to work anymore, right? Our road builders our electricians Our people who serve in the military I don't know You know fall off tilt and just pursue whatever it is the hell this is See I I like it if nobody likes the fact that I scoff at youtube I I like that because I love it I think and I think there's a lot of people out there if they think like me That they're like Ryan, you're awesome because that that is that is cool for somebody that comes on and they're like It's a worship the youtube god. No, I don't do that actually I flip my middle finger at it a lot of the times because I think it's it's not healthy number one Um number two, I'm in a funk right now where I despise making youtube videos. I love the live stream I love it You guys the beneficiaries of said content But as far as again coming on and doing the 1012 a Whatever the secret recipe is for what people are looking through on youtube to find tune in get some good financial advice In seven and a half minutes so that they can deploy and establish a wealth building strategy for them and their households I'm just not motivated to make said content right now So until I get out of my funk There will be no said content coming through the independent investor channel What you see is what you get you're gonna have to join in to me every friday And when 10 o'clock rolls around i'll shut this bitch down I'll have a drink and be happy and move on with my life I would expect that each and every one of you guys do the absolute same All right, and terry terry harris is in the house And the internet does keep it close to bring us together for sure I There's little elements and this is a big element of My acknowledgement to how important the social media opportunity is for me Uh the the ability to put out a message that I don't think I know can help people I I know it can and the ability for for folks like terry Tune in from new zealand, which is number one on my bucket list I I just think is really special and it's very very powerful. So a big thank you to you You've been with me a long long time And eric weber agrees. He says indeed it does It's a it's a it's an awful big world. It really is But it's it's a lot of fun to come together and hang out with you guys Uh phenom and the group here dave my brother can't wait to move back to america And now there's some perspective for you Open your lens living in a different culture for a while, right? Slap you a couple times in the face, right dave. Yeah, yeah Be thankful for what you got folks. All right Do you enjoy being told that investing isn't for you because you're you don't have money It should piss you off, right The very opportunity that I speak of to exploit is right here right alive and well In the united states of america let a rip that a rip All right, I'll be the first to help you applaud you on man. It's it's really not as much as you think that it is It's really not as monumental as you think it is it is monumental to the perspective that I say that starting is the hardest part Okay Starting is the hardest part that that I contend i'm right on i'm right Because the the very barriers that people need to overcome to make that start A lot of people will unfortunately succumb to those barriers and never start at all That's the truth That's the truth Varsity yuppie says stonks. That's right. We we do indeed talk about that every now and then On the channel yuppie says no regurts. Absolutely That's a pretty important element of my message the daily dose of mental health I think um, it's been in a couple times on the channel. So if you do Don't want to kick over and check this out. This is pretty cool Pretty cool. I always try to give the shot out to the content creators who do who are trying to work Um for those folks that actually are trying to make a living at youtube. Good luck to you I tip my hat to you. I'm just not one of them. I never will be I know me I know me. I may do youtube the rest of my life. That's the irony in the whole thing Is that I've got enough to keep this opportunity and check And I will I will no doubt I keep hearing about index universal insurance beats a 401k and many other I'd have to look into it. Um Remember, there's a lot of different products out there and I think you can really get confused by Cross comparing different products Between each other and not really asking yourself what the strategic goal is for each of those products Okay, if it makes sense to do your universal life, which I've done away with in my life because the cost of buying that universal Yes, does carry with it a very very heavy premium and you're basically guaranteeing that that payoff will occur But it becomes a little bit more complex when you look at where could those dollars Flow and how powerful those could flow if they float into Let's say an investment type of vehicle. Okay. I've just showed you what the power of it So what would you rather have would you rather have a a piece of paper that guarantees your air? I said about you know a 250 policy anymore of of whole life Universal I think that's what you're talking about. I'm not an insurance guy Um, I specifically have term it works for what I need I don't consider insurance to be an investment to vehicle However, I do consider it to be a part of a total comprehensive financial portfolio of of products that that that does provide um, a supplement for What it's intended for in your untimely passing. That's what it's for right But I I do both I have term I have a 401k like product in the military And you just need to look at the individual elements of each of those and ask yourself if if it makes sense for you and your family, okay Couple different strategic goals of both there. Okay Very cool I keep insurance and investment separate. So bob said, uh, just summed up what I just said in two minutes in one sentence So I couldn't agree more with you bob. Thank you for your input and thank you for always being so loyal to me And the channel happy fourth to you my friend and thanks for your service men you rock you just uh You're an honorary ambassador and an honorary guest and and subscriber and community member in this community You always will be thank you appreciate it a little less than five man. This this ought to be really really good here He says oh man self-directed all the way Yeah, I had never heard that term before and I do a pretty good job of foot stomping at what it what it means for individuals If you're a self-directed investor You you can come to the independent investor channel live stream free of charge get a little motivation, etc Whatever it may be whatever it is that you need But you are in fact in charge here. You are in fact, uh The in command of your own buckets and and the strength of those buckets will will really give you Um really give you confidence in applying that program for yourself. It's The the the big facade of the misconception is that financial institutions do more than what they actually do They do they do it's amazing I own the same apple stock them that they do in their mutual funds. Trust me It's the same apple stock the difference is I get to keep all the profits in my apple stock and You get what's left over after the fees are taking right? I maxed out my retirement accounts for a few years But this year I'm skipping that bucket and just trying to put money into my options account sure Yeah, let's do what I need to do if there's any Company match or any type of match associated with it to do just up to that To get the maximum match and then move those surplus funds over That 20% that I alluded to That is backfill justification because I do max fund to my Roth IRAs every year And I do contribute in other capacities as well to my other buckets. So I do justify the 20 It's by no means close to max funding In the tsp, but it is what I can do right now. That's a really good statement. I'm glad you offered it. Thank you All right I'm the reason to have a 401k is because of the company match. That's right I just man, we're a bunch of like-minded folks in here, man We're going to be a powerful group in about 10 years. Maybe even five. Who knows we'll see And billy is in the house been with me a long long time really appreciate billy billy keeps me honest That's for sure. He keeps me in line, which is awesome I I don't expect you guys to sit back like like idle sheep And allow me to shepherd you through the the valley of the shadow of death. No, I don't I expect you to challenge What I'm saying I do love vanguard ETFs v ym and and the one is the appreciation fund The other is the high dividend growth fund. They're both good I've been looking a little bit more scrupulously at putting vis in the portfolio. I like it It's it's they're they're both very good names Very very good v ym pays a little bit better of a dividend at two and a half percent Vis is about one and a half percent, but it's performed a little bit better over the years Year over year at about nine and a half percent v ym is about eight and a half percent So pick your poison. You'll win with either one of them Very cool stuff. Couldn't you do both? Yes, absolutely Um, bobby's in the house bobby's been been with me a long time He's been a visitor in the channel a few times anyway I have multiple accounts. I have a day trading account. It's cash account swing account Options account a long-term account options are a good way to hedge downturns Well said my friend well said you're you're very very young and that's a very very complex application for as young as you are Sky's the limit for you, brother. It's going to be fun to grow wealth with you over the years Check in every now and then man. Let us know how you're doing. That's part of the fun of this and We're me personally. I look at wealth a little bit different I don't think it's some secretive thing that we have to keep under our lids Like we can't share success with each other I don't look at it that way man. If you're sitting on a half a million, let me know It's all good. There's people in this group who are sitting on seven figures. Maybe even eight I have no idea. It doesn't matter. It's not a measure of who you are However, it is a mark of a successful wealth building. There's no doubt about that I'll be the first to congratulate you So we're getting to the end of the live stream here guys. I really appreciate your time I didn't get to all the comments. Absolutely invite you in every single friday On the live stream here In closing, man Have have a wonderful 4th of july take time to reflect on what's important in this life All right, remember how I talked about the financial element being emotionless really there's a lot in life that is worth Getting downright emotional about super super happy sometimes super super pissed Investing is not one of those. It's not it's one of those things that if you are truly in command of your own money You can work this business and you can end up where it is Inevitably that you're destined to go in this life. Thank you so much for tuning into the message guys I really appreciate it. We'll catch you next friday 9 o'clock eastern standard time on the independent investor channel Live stream the fastest 60 minutes on youtube. No doubt about it