 So all right guys, we are live on the independent investor channel live stream Friday nights Fast to 60 minutes on YouTube This is the time when I get to come and I get to focus on investing It's just talking to my good friend. He popped into the studio, which I'd love to invite everybody here I run an open forum here guys. Okay, this there's nothing really all that special about what I do Except for bringing people together that's special No doubt about that But I was just talking to Eric Weber who's in the gallery here tonight. Welcome to you Eric good shot out to you And my fellow compadres that are keeping their minds busy by actually doing real work I think this is somewhat of a wake-up call for those people who thought that they were just going to use the stock market As their fire and retire early type of strategy There's no shortcut to working hard. No doubt about it And if your sole focus is on what's going on right now, you're probably having a hard time waiting through all the propaganda Because I'm hard-pressed to find any good good information out there with regard to anything positive Um, it's as if we've moved into a third world country now. Uh, just last year It was all fame and fortune, you know and selling that propaganda on either side of the fence is What the whole intent is It's to get you moving in one direction the market sold out today exacerbated selling into this into the close there almost reached a thousand down and portfolios like mine suffer just like all the other long investors who Understand that the market is a game that's played on the long field Not the short you want to try to make up Your mind about what you want to do about stock market investing based on what the market provided you today in way of information Good luck. Good luck. Like I said I'm intimately monitoring markets, but I flipped my hat And I flipped my hat during these times and I've had the hat flipped for many many months now I went back on the charts looked at the dow Jones industrial average We are off 10 percent year over year right now NASDAQ's a little bit more uh on the downside there Approaching 15 percent down And the s and p six seven percent down anyway Nothing too crazy approaching correction territory for you guys that are New to this congratulations. Uh, you're getting a hell of a lesson The learnings that you'll get out of this are priceless. They really are I want to apologize. No way. No way What what's the alternative to not be an investor? How'd that work out for you before there was a reason why you transitioned? And went to financial markets to to seek out The ability to grow wealth through that conduit if you have another Way of growing wealth that that is legal. I'd like to hear it. Okay I know quite a few things That you can do to keep your mind occupied a few things that you can do to keep yourself busy I was in the gym. I've got a streak of 0 500s in the gym Going stretching back three weeks now. I haven't missed a day. I think I'm going on almost 21 day straight At 0 500. I'm losing weight. I feel great Everything is wonderful. We are scheduled here for our looming move In june It'll be nice to segue the channel up to the route to the independent investor channel Which is and always will be with new york city So it'll be a pleasure to reconvene from new york city. I have a lot planned for the channel I just made an investment today. I did buy a little bit of the market today While i've got 44 patrons in the group here the early bird gets the worm I'll tell you that I went ahead and added the slice into the dividend portfolio Rounded those holdings up to 100 I've been doing due diligence for the last couple of weeks. I've already shared this with my viper group Some new patrons to the viper group just this week, but I shared My buys there, which was led off by amt And cold storage as well as stag industrial wp carry Couple others I actually bought nine REITs and I filled out that real estate section of that dividend portfolio Which rounds out that portfolio with all of the 11 sectors Rather than just the 10 that I had and I had been sharing with you guys So openly but definitely a highlight over the last couple years It's one of those things that I came into virginia and did not have Those smaller accounts. I didn't even do business with m1 finance and it's just one of the many things that I take stock on No pun intended Not only during times like these, you know, you don't have to you know, brainf yourself into not paying attention that the market sucks I mean it sucks, but I I typically get so ahead of myself sometimes that it helps for me to Recollect on on where where we've been Where we are going why we are doing what we're doing in the present time And some of those things that quite honestly have transpired over the over the last couple years Years we talk about I'm tongue-in-cheek and we throw it out there, but A year is a lot of time And when you track together a couple of years two three years, I've been here for four years It's gone by so fast It seems like but when you look at some of the marked progress That we've had not only with the channel But with growing the community And you know, I don't know where our subscriber count was when I got here three four years ago I don't know But uh staring down. We just uh transitioned over the 28 000 mark So thank you very much to all the devote subscribers to the independent investor channel. I salute you Absolutely. Welcome everybody to the group. It's it's awesome to have you But the investment that was um nice to be made today was in um some new equipment for the channel I'll be using the green screen forum like you see here now to do some of my content, especially Some of the live streams, but to change it up a little bit. I'm going to go back to my old format I actually have some exciting sponsorships coming up not in way of video coverage and profiling of stock But actually with artisans Who make a version of the little mule? You guys remember this? It's an artisan That actually does this rendition in bronze and he hails from the Netherlands And he has been Gracious enough to partner with the independent investor channel and we are going to Promote his etsy site. I have a special affinity for the artisans Out there who do that as either a primary or a side hustle He does a fabulous job and the rendering is is absolutely fabulous. That was Nailed out today. So one of many many things That have developed on the channel here. We're rolling out Hs gov tech, which has just changed its name from health space We're going to be engaged in a profiling campaign there Heard a bit of bad news today in that because of the market volatility My opportunity to be profiling and doing some of the sponsorship videos has rolled off for the short term Which was pretty lucrative for me So those additional contracts that have come in have actually really helped me and You know we're we think we're thankful for all the blessings that we have and certainly a bridge to perhaps maybe better times In financial markets and maybe even better times on the independent investor. Who knows We've been stalled out on our subscriber growth for a while. I'm totally fine like that I would not trade the good people that I have in this community Like like this one right here. I got to get my opposite finger Becky Absolutely phenomenal people that make up this group and You know, it's always incumbent upon me. I've been coming out with Some fairly sporadic contents and content that I was very very proud of Some of the things that you want to shy away from Did some portfolio reviews and I'll start to get into more frequent content when When the when the time makes itself available to me But the project doesn't go on anywhere and this is the mainstay on the channel This is the backbone of the channel This is my ability to come in for 60 minutes and talk about my absolute favorite topic and you think Well, it's not my favorite right now. This sucks me. I'm happy Looking at markets like this that I felt should have rolled off A long long time ago are now rolling off and I think it's a bullish sign the lower that it goes That markets couldn't have absorbed Manufactured low interest rates forever They were there was really really eased quantitative easing for a long long time And I think it it baked in a lot of soft spots in the market and those are being exploited and ironed out right now Those will be exacerbated to the downside here Just like anything, but I don't think there's ever been a better time to be an investor I mean we've watched the nasdaq blow up for the last two three years And if you've ever wanted to take a shot at the t q q q which is an alt strategy for for The 3x on the triple q's you could do that but the nasdaq has rolled off a modest 15% if you wanted to take a stab there Hell I bought v o o for the first time today in a long long time. It had really rolled off So I bought a couple shares nothing crazy Along with my buys this morning in m1 finance picking my spots You can kind of see here the holistic application Seeking out, you know sponsorship opportunities on the channel making those investments back into the channel It's going to be a heck of an enjoyment. I'm I'm improving everything even the mic Because as you evolve as a content creator you become a little bit more scrutinizing on The product that you roll forward and I don't want any distractions to come between me and you And the message that exists in between because it's critical We cannot have distractions We can't if you want to enter into Mainstream media if you want to enter into social media You'll find all the disc the distraction you could ever want. I take heat for twitter. That's no problem I'm using twitter I'm abusing twitter to my benefit and that's that's no problem If you want the real talk You can come and enjoy the independent investor channel live stream and get a very very good insight as to Where I come from why I do what I do What type of perspective that I'm rolling with and it's multi-tier perspective here guys, right? I've taken on some investments that I would have never ever dreamed of taking on three four years ago But that's just where I am In the strategy the two m1 finance accounts that I'm going to roll out to you guys tonight Probably show you the damage. I think it's four sixty something like that So we've rolled off, you know 30 000 or so from from where it had peaked a few months ago 460 490 it is what it is It just it's one of those things to where I'm really locked in and focused in on Getting a healthier in my life Wrapping up my business here with regard to my profession So I'm very very focused in and I'm trying to get a head start on what I'm going to step into in so It's super important for you guys to take that lesson away from what I'm talking about and If I was going to Suggest that a lot of people really get way way too caught up In financial markets from day to day. They really do I could be partially guilty of this And I only mentioned it to self that scrutinize And maybe allow you guys for some time of self-reflection. Did I get too over levered going into this? downturn If it is a prolonged downturn, am I prepared for that? Am I learning from what's going on right now from the volatility in financial markets? There's always another side to the coin And I think where you start to get into trouble is where you start to buy into What everybody else would have you believe about what you should be doing with your money? And I just responded I I offered at twitter today is and you know doing nothing is an underutilized weapon In the stock market. It really is doing nothing. I mean right now. I told my viper group today is very simple I've taken the sell option off the table. I have not sold stock for over six months I have not sold a thing. It's not even in my repertoire right now Now we may put that hat on at some undetermined time in the future that of which I will disclose to you guys But for the meantime, why I've built these positions over time. And yes, the portfolio Value has come off. But here's the funny thing portfolio value as a singular number Really doesn't speak to the depth and breadth of a well-laid portfolio that's been built over time What I mean by that is if I have let's say $3,000 in a stock, okay, and it goes down to 2500 But I've owned that stock for five years and I've built it up to that 3000 position People are so caught up in the 500 of of book losses that they don't actually focus in on the fact that they only have 1600 And 72 dollars devoted to building up that position over time So it's just digressed back a little bit And that example carries over and duplicates itself many many times over in the portfolio Whether or not you're an etf holder Whether or not you've at some point in the past taken and leveraged house capital You've got a little bonus at work Or you just as well might have just taken that money and just blew it On all the stuff that I talk about all the time that just consumes your money anyway And you didn't you made a decision to put that money into financial markets And it did really really well for a while and now because it's rolling off a little bit You fail to acknowledge that the amount of build up to that amount Is really where the pedigree of being a good steward of your money and understanding the perspective over your money in that It's it's a lion's share of money And and looking at it as it just Kind of digresses a little bit like a glacier, you know, it moves really really slow It all comes back at the same time But there there are pockets and if you're really honest with yourself, honestly I got my newest viper group member in the house here. He's back actually for a second go John's great to have you back my friend. Let me kick over to youtube here. I gotta make sure It's There he is cool cool Fantastic, I got just had to make sure mr. John had a wrench man. It's great to converse with you man He hits me up. He's like the early bird that gets the worm man He's he's up like me in the morning. I fired over a picture of him in the gym The other day and I was like, yeah, I start my day pretty pretty soon too, but man, I I feel so good, man Everything is great It's it's given me a new sense of renewed motivation That's for sure with the developments in my specific profession You guys have to understand that 17 years on this particular profession I had close to seven eight years into my commercial fishing Thing and and I was at an impasse with that too either buy a boat or become a lifetime crew member Which will eventually break your body down anyway But the the opportunity for me to To take on this prestigious position is is humbling. It's motivating It's given me a renewed sense of of taking stock and everything that we have And I just look at this as just a temporary Setback I guess for a lack of better terms And I think maybe some of you guys I want you to leave your comments in in the thread here I see that there's a hell of a gallery in here tonight, but um I don't see that if we creep over this as a correction for the first half of the year going into july That we couldn't have a kind of a a bounce back at the end of the year I I don't really know. I don't spend a lot of my time forecasting that stuff. I really don't I'm interested in where markets have been to a certain extent looking at it from a technical perspective And I you know, I adjust accordingly based on those big numbers of of of 10 percent 20 percent 30 percent 40 percent. Maybe I don't think we're going there. I don't I think there's a lot of things going on right now None of which are as big as what we've been through over the last two years with the global pandemic Really with a lot of what ifs that people didn't know What was going on? I was forecasting that you know, we would eventually come out of it That's just my perspective. I could have been dead wrong But that really put a jar on markets and markets doubled from those March 2020 lows at 18 four Market topped out last year at about about 36 nine, which was almost exactly to the to the t 100 percent From the pandemic low to the the all-time high that was met just about a year ago So we're looking at about a 12 months here I started to get a hair on the back of my neck standing up about six months ago around november into 2021 Which gave me some insight to say that things just didn't it just didn't really feel right I could have been dead wrong. It turned out that that it's looking like I've been right When you look at the charts, it's been a prolonged pressure on the markets I don't really remember the last two weeks. I've had two up days Two mind you and they've been big updates. So the swings are just astronomical I mean today was a down 10,000 day for me So, uh, you know, nothing nothing really that enjoyable to be honest with you other than that I had a hell of a day and you know, I things could be worse I have a yeti with with my with my logo on it. Things could be worse. I guess You guys are all part of this absolutely It really are and hopefully you can gain a little bit of motivation and understanding that this This gig has to be a whole heck of a lot more than just what's in the acute. It really does You know, I've been through this many many times Um, they all have the same feeling about it. They they all have the same amount of maybe Pressure that we put on ourselves. Nobody likes to lose money guys. I'm not I'm not telling you that That is what you need to do. You don't need to look at this and be happy about it Be upset be be not happy Be upset if that's what you need to do Don't let it affect your decision making. Okay Learn from it come out of it tougher. This will forge you in fire. There's no doubt about that so just please understand that there is a bigger picture here and Anytime you make your decisions based on what has happened historically You usually end up getting burned when keep your eye to the horizon and and make sure that you're Understanding and the fact that at some point down the line We will probably be in a better place every darn one of us if we do what's right And doing what's right most of the time Is doing nothing at all with regard to the stock market focus in on those things that are going to make your Your life that much more fulfilling Work on the longevity piece if you need to quit advice do it If you need to work harder at your job if you feel like you have been getting along based on hope and You know find something to fill your time what i'm finding out is there's an awful lot of time in the day to be filled with productive activities And you know, it's it's quite quite inspiring to me. I don't spend a lot of my time Manifesting over social media. I was just telling eric weaver behind the scenes I'm taking a lot of guff right now through social media and a lot of things a lot of things specifically highly on I'm not really sure why people think that it maybe it makes them feel good. I that's great I I hope that you do feel good By coming on and and and suggesting maybe I don't I don't know that I don't I don't know what you're suggesting I really don't know. I made the decision. It's my portfolio. I can do what I want just like you can as well, but interesting perspectives and and different strokes for different folks and I think If you understood the holistic picture like me in that I have other things going for myself that help Not give me an opportunity to take Uncalculated risk, right? It doesn't give me the It doesn't give me the right to be careless What it does is it allows me to acknowledge that I can take a shot And and good on those people who are willing to put a little risk on the table Good on those people who are willing to take a strategic shot I know that if you took a thousand people and put them on the exact same independent investor project That 999 of them would probably fail. They would have already quit this project And this in and of itself provides an interesting lesson In that those things in life that are worth pursuing are going to require you to have to work at them In other words, I just find it interesting how Perhaps maybe people have very very Shallow expectations of what the stock market is going to do for them It is going to render for them They know exactly the timeframe. It's going to render said expectations All made up in your mind. It doesn't matter until it happens in reality, right? But to have fair expectations about this thing. Look, I'm going to sum it up for you very very simple as far as I'm I'm concerned. I will not go through this life and not invest. I will not I'm living to Understand that at some point down the line. I will be at a decision point for me. It's called my target date My target date is right around the time of my Roth IRA Eligibility for with withdraw now will I I don't know I'll probably give it to my kids to be honest with you But at least a wag out a date sometime in the future to put yourself to a decision point Now imagine You're my in my shoes. Some of you folks are already there like Becky with her well well earned retirement I'm so proud of you because you're such an awesome person This is kind of what we're striving to the right to walk away This is a luxury and I always tell people when they do walk away from their profession that I would hope nothing more Then you walk away on your own accord, right? And and that's just a beautiful thing. We are ready to thanks to your knowledge Oh, yeah, no, I wish we had a little more conducive markets right now But you know, it's interesting when we look at the power of those portfolios The power of those portfolios to sustain to the downside and then to grow in Conducive markets, which we are not in one right now. We were we're in hell So Have one of these man have a little fun with me tonight guys. It's all good No reason to fret man Another thing about my life now at 43 years old man when I reach that impasse I'm not going to live my life pissed off. I'm not going to do that I'm not going to live my life wondering about this and that not going to live my life wishy washy not going to Live my life with regret. I'm not going to live my life Asking what could have been I'm not going to live my life and at some point reflect back and say man I really wish I would have taken more chances You know, I went on and I scrutinized this ryan with the independent investor channel and where did that get me? You know, maybe I was scrutinizing him for taking a chance and maybe I failed to identify My own deficiency in potentially putting myself Out there a little bit for the chance of something better in this life And that's what what it is right there guys the perspective To understand man that life is a gift. Okay, and the market's down a thousand points. What does it mean? That's a rhetorical question that I'll throw out there and I'll be back with you in just a moment Love talking about financial markets, man. I love it. I just burned 26 minutes of my live stream So I've got to speed it up a little bit. I got to throw the goods at you I have no script tonight. I speak from the heart. That's usually when I deliver my very best product There's no doubt about it. I think we're a cut above in this community. I really do I think people can can look at these markets objectively I don't think there's a lot of friday freak out going on From week to week. It is what it is I have some cash on the side, you know, what does that mean? Does it provide a little bit of buffer to market volatility? Yeah, I took a $2,000 bill today out of my 43 45,000 a cash Put a little slice to work in M1 finance That was the strategic area that I had earmarked from for weeks and I've been very very patient on these markets No doubt about it. The remainder sits there I've been very very patient. The market will probably turn I'm a very very big advocate for having some cash on the side No matter what the financial markets do whatever it is. They dole out Makes things a little bit easier When when this thing kicks up My project means a lot to me. There's no doubt about it. It would just tickle me pink to see this thing Really do something special. It really would it would really be a culmination of The the fine people that represent this community that have a very very high standard There's a very there's a lot of great people social workers electricians trades people There are a lot of multi-million dollar portfolios in my group. Why because they can sit across from me And I don't patronize people I give you what I feel like is the real talk In financial markets something a little bit more neutral I don't necessarily have agenda outside that if you want to subscribe to my message Go ahead and hit the subscribe button. I mean that that's about the only agenda that costs you nothing If you do want to opt for the services of maybe sitting across I've provided those based on pressure that I've received over five years in the independent investor channel To provide the independent investor group.com option And the viper group. I think they like it a lot. It's a cool cool thing. I engage with them every single day I drop audio casts in there give them a pulse of the market Let them know what's going on from my perspective. It's just an opinion. That's all But I I think retail investors need to be open with having a little bit more of an open dialogue about I don't know things that are important And financial and markets are important as long as we're talking about important things, okay Talking about amazon going to zero. I don't know. I I disagree. I think amazon's a buy here. I I think You know, they had it historically We kind of knew this was going on with amazon. This was historically their weak quarter But I thought the rivian ride off of it was a seven billion dollar ride off something crazy with regard to rivian and amazon's not going anywhere amazon web services was up 18 and a half percent, I believe Which was supposed to actually underperform. That was the performing entity within the the mega suite of businesses that is amazon and You know, I don't know Facebook was a golden example of just missing a little bit on the bottom line Last quarter they had a great quarter this quarter and now now the stock is catching up So it's the wishy-washy and I don't know what's contributing to it. I can only presume That it is a combination of algorithmic trading You know machine trading on certain Things news injects that come in and then of course traders that go in and You know want to just buy the market for a minute to minute That's not a philosophy that I abide by like I said, I have not Um, I have not sold markets in a long long time guys. I'm just holding I've set my portfolio on a plane Because it's taken me months and months to build those positions up over time And we're going to live to fight another day on a better day I'm not going to make my decisions based on what's going on now in these markets I'm just not going to happen. I'm not going to do it Ryan lamb said hi as ruined my life I'm not really sure if you can provide a little more context around that I'm not really sure how buying a stock and and and being down on a position has ruined your life Unless you are over levered You know, I talked to a lot of people and I don't mean to sound brash But I have an awful big position in highly on holdings A lot of the money that I leveraged into highly on was a combination of a lot of swing trading profit Some house money that I've built up and I wasn't buying in the 50s I wasn't buying in the 40s nor was I buying in the 30s. Okay My cost average is down to eight dollars a share. Okay, and with what's going on right now What is the difference between 10 and five and three and two really nothing And if you're looking at a company like highly on this is really just the fallacy Is that if you read my twitter feed, you would think I'm pissed off. I'm not I'm not I think highly on could do more in way of outreach and Letting shareholders know and I think it's a sign that times are lean right now. That's just if they had news I think they would share it and I don't think they do. I really don't But i'm not really sure I understand this because the basis that the stock somehow is going to remain low based on Past performance is a fallacy. Okay Where it goes into the future neither you nor me Nor any but of the biggest bulls or the biggest bearers on this company know what is going to transpire Especially with the lean roadmap that has been posed by highly on holdings and is supposed to transpire over the coming years Okay The world needs this solution whether or not they're going to be able to execute on this plan Whether or not they're going to be able to execute before on target or delayed again Right is yet to be seen But to look at it again on the acute and say because it's down I can somehow feel bad people are using the same explanation about tesla Where they used to receive all the same scrutiny before Nobody can scrutinize tesla right now because seemingly it cannot go down And people are using that judgment of the company based on the action in the stock It's the it's the exact reverse philosophy An application But if you if you truly mean this that that's an awful bold statement to come on to a live stream and drop I think that's unfortunate because financial markets have got to be kept in a box It really is and I tell you what there's people around this world who have a hell of a lot more problems than than me and you Being being down on a position guys. This is not my first time. I've been down on a position I don't enter into a stock just because I Have unfair expectations of said stock going up now Do I have a fairly good understanding of what to expect if I enter into a play like johnson and johnson? That's been around since 1895 probably highly on has been around since 2019 some would argue in the private markets A few years before that but it is a brand new company It's just that simple if you if you do not have that perspective And it did not turn out the way that you Wanted it to turn out with Being pre-revenue when you bought it and just realizing its first revenue Then my friend that that is on you just like my decision is on me all is fair In love and war and I hate to be I hate to be forward like that I hate to give you the reality but that in fact is the reality but That you know You will learn okay. You will learn This is significantly less painful than the first time I lost on a penny stock that I had no basis at all To buy it was I'm going to buy it and I'm going to trade stock the rest of my life And this is incredible if I buy this penny stock for 0.0000006 Right and it just goes to a dollar a share I'll be a millionaire That was the rationale that I used and I lost all of it 3 000 bucks gone. It was gone went to the stock gods gone right those are the things that You know who's to blame there is it others? Is it me and blame me? I guess if that makes you feel better. I got guys blaming me every single week. I still persevere Good on me for still coming on and providing that highly on content I think it's an amazing product. I think they're growing. They got 200 employees I think the management's phenomenal and I think the board of directors is phenomenal I think the product is phenomenal I think there's a need on behalf of the industry and if people are whining and complaining as to why they haven't bagged Amazon or walmart at this point wake up. They don't have the ability to sell those products yet They just don't and the question is are they going to have that ability in a year two years down the line? That's a rhetorical question that neither me nor anybody out there No matter how convincing they seem or how scathing or how rude or how You know persistent they can be on their opinion Nobody knows nobody knows and that's the refreshing part about my message is that I just kind of say You know, it is what it is at this particular juncture. Like I said, I've averaged my costs down to where I feel comfortable And that's just good enough. It's good enough in the short term. It's just that simple Do I see things changing next week? No. Do I think see things changing with earnings? No. No, I don't My expectations are the same going into this earnings is the same as they were for the last earnings Horrible my expectations are very low. They're very dismal If I knew what it is that I knew now Would I have invested in the company before? No, I wouldn't have because It's it's been an atrocious market to step into right here If you haven't paid attention guys, all small caps are getting crushed My small cap ETF is down 21% right now just over the last few months Okay Every single speculative growth anything that came to public markets via the SPAC process is getting crushed Okay Anything with any type of growth characteristic, whether it be large cap growth. They are rolling off big time You go right down the line, man Netflix crushed salesforce.com crushed All of them getting crushed amazon down 14 percent biggest down day since 2008 2009 right today biggest down day in in amazon Um and you know are those warranted are they justified are those companies that you want to own google for example Right rolling off because amazon rolls off There is some correlation to be to be speaking about guys and When you look at the market and everything is selling off Those are the times when you might want to like say hey listen if I can buy strategically in the markets into the ETFs Now is probably a good time to do it And if there's some individual names that you would be looking at like right now Hylion at just over three bucks a share is a buy here It's just that simple And it will take the stock going up and everybody will jump on that bang at bandwagon A year two three down the line and they'll be like see I told you so Hylion's a buy right here at 15 and it's even more of a buy at 25 and it's even more of a buy at 32 50 And you see that reverse application that I think retail investors are sick It's like they forgot to like read buy low and sell high They forgot to read that or they read it in reverse or they all have dyslexia and they all read it wrong You know, it's just I don't understand the rationale Buy tesla here the time to buy tesla was eight years ago seven years ago All right Let it go you want to buy it now go ahead be my guest It's extremely overvalued here and I I I just do not think that the Uh, the market has enough to absorb What it is that I think is an overstated demand on the tesla product. I I see him driving around That's great. I live in a very affluent area here in deep chesapeake here in virginia a lot of money here But I don't think teslas are being sold in the country. I don't I go out on the limb where Charging stations may be available But perceived to not be available Or they don't want to pay the extra charge to outfit the charging unit in the garage, right? I just think that they're given way way too much credit for what I would I don't want one Uh, I love my Tacoma. I love my Toyota Tacoma. My 2019 Tacoma is badass It is badass and if I was going to go and upgrade and just treat myself to an obnoxious luxury item I would buy myself a tundra trd pro, right? My my extremely obnoxious idiotic if I make idiotic money with the i2 Is going to be a brand new white corvette. That's what it's going to be That's going to be the idiotic stupid money, but I have zero Zero motivation to go and and and buy a tesla and and that's the thing is people are like you're wrong You're wrong. You using metrics and highly on that you're stupid and you should just go buy tesla, right? And I had a twitter a tweet come through tonight where it was like I don't know why I buy any other stock except for tesla That type of mentality right there will get you absolutely annihilated over the long term annihilated If you're looking at the action of a specific stock And making your decisions based on a look at cathie wood right now And and I don't mean this to be rude. I don't mean this to impune how smart she is But she is absolutely getting annihilated because where she was the queen of the night last last year She is getting absolutely destroyed this year and her only comeback is look no problem Teladoc will be great in 15 years with all due respect That that that is sometimes a escape goat to say that well eventually they're going to realize their addressable market And when you combine a whole basket of those very speculative stocks It creates a recipe of some very very dangerous dangerous returns And she's taken it on the chin no doubt about it Those high growth are really rolling off and just speaks to how important it is to have that diversified portfolio Very very important. All right Amazon took advantage Opportunity to write off Rivian. That's right Um, I had a amazon was a a buy today should have picked it up. I should have bought a little bit I own four shares of it. I'm good. I have no problem with taking amazon and whatever downturn it has to dole out I'm totally fine guys Totally fine. And so are you I think you want to come into the live stream and Wait for it. Wait for it. Wait for it. And I provide you that validation to let you know that you're fine too You're you are fine. Here's your wake up call. This entire bubble is heading lower um, yeah, I I guess um You know, I I don't I don't really know where people get off honestly, um people have been saying this for 12 years and You you may trip and fall and fall on your face and be right um Good on you. It doesn't mean you're right my friend. It means you're lucky And that type of propaganda to to throw out to people What are people supposed to do? What would you suggest? Okay, the market's going lower market goes lower. I'm buying more So what would you suggest to people if this is this is your wake up call? That sounds like a youtube video Ron What I would do is start yourself a youtube channel because it sounds like you would be a phenomenal Phenomenal propaganda you'd have a you'd have rogues a sheep Following you around absolutely to come in and and find out where the stock guru Ron feels like the stock market is going absolutely So it's by varied nature of the fact that I do not buy into propaganda like this And it's interesting too. This is how people talk man They want to drop their their their knowledge and their ability to use tarot cards to understand what they're doing And they may feel like that they're really good with the tarot cards and the magic ball as well To come on and and and drop a comment like this and then and then leave i'm out and You know, it's it's funny to me I'm here to tell you man. None of that stuff exists if you want to enter into financial markets You can you can enter into financial markets in a lot of different capacities. Okay, but broad statements like that Will probably Find you in a place of financial ruin down the line. Okay me. I'll be fine You could take all my portfolio tomorrow and I would be totally fine. Why because I have perspective up here I really do and All i'm looking to do is provide that little bit of hope to somebody out there who may be able to relate with me I've never made over a hundred thousand dollars in my life. Never never and for the majority of my 30s up to my 40s I made under $50,000 on a single income A lot of you guys and a lot of people out there Have made double income households. They've got to have two cars in the driveway. Maybe three. They've got to have the over Too expensive of a car. They've got to have everything under the sun and they don't have an investment portfolio Okay, they're living the lifestyle of luxury And they're doing it at the expense of perspective number one number two Putting some money away as a token or a pledge to themselves. They don't need all that shit that they buy they don't so Those comments are interesting to me when they come on and they're dropped in in the thread No problem. If you don't want to be an investor don't it's it's no problem But I am an absolute Absolute success story when I come on and I talk about my application. I've just said that over the last six months I've done nothing except for fund my accounts fund it. That's it. I've dollar cost averaged my accounts ever since I was Very very young You know, some of the mistakes that I've done about Selling out of the market have really just been those spurts and spudders in the market where I got involved with financial planning With mutual funds and they just weren't very good Okay, if you want to passively invest in the markets You can do so at a very very low cost And coupled with the strength of tax protecting your money The product itself kind of takes a backseat a little bit and you start to wake up and you're like what? Wow, Ryan just talked about the voo, which I streamlined it on right to that product Because at a point zero three expense ratio, you're buying the smp 500 At anemic cost anemic put it in a tax deferred Vehicle like a rock eye array Put yourself to a decision down the line of 59 and a half that scenario right there has been tried and true to win to win and it is absolutely contrary to wake up Like I'm like I'm sleeping like I don't pay attention like I don't work hard Like I don't support a family like I don't live a healthy lifestyle Like I don't do everything I can do to keep vices away from myself to protect my family Right to be a good father like I don't like I need to wake up to some premonition of some tarot card reader And somehow do a florida right? In my program that's been proven to work Right so Here's the difference between me and you and I hope that you can look in the mirror and say this I don't follow anybody I don't follow anybody And I have just as of late Really Done away with caring so much about what people who seemingly have all the answers for everybody else Thank you Honestly, I don't care I don't care You can be right You can be right market could go down Amazon Missing on the bottom line Could mean the the end of amazon as we know it right? I just ordered $1850 worth of stuff for my channel through amazon business tonight because it's my online vendor of choice I love it and i'm not the only one in the world who loves it You go to brick and mortar anymore when was the last time you guys were at the mall and were disappointed right waste of time Waste of time You're going to end up standing behind somebody in line that's almost ready to go to fisticuffs With the counter and i'm thinking to myself. You know what this ain't even worth it, man I can jump onto amazon and get exactly what I want And there's a hell of a lot better chance of it actually being online Than me coming in here and finding a needle in a haystack of something That I actually need and get lucky Right. I've wasted my time. I've wasted my gas I've wasted my entire day to come and look for something that I may either find or or not find I'd rather just take five minutes in a search on amazon and find out what it is that I need All right, put that in your pipe and smoke it. All right This attitude will never go away too, man. That's why you need guys like myself You need people like me you do who once I shut this down Um, I would expect and I would implore you guys to do the exact same thing, man Do something with your night go do some adult activity. All right. That's on my agenda tonight All right. It's really one of my soul motivators in life to be honest with you Very simple very simple. Uh, I am rest assured through and through Full-blooded man Full-blooded. Okay. Very very simple to make me happy. Very very simple All right My obligation is very very simple. Stay healthy. Keep the family safe Keep them supported Give them what they need Teach them the life lessons very very simple in my household, man and not ever ever scoff At the opportunity that you've been provided guys I talk about this on occasion on the channel talk about where I came from and how hard I've had to work and I was never given anything And you know, if I had it to do over again and I was given Given given along the way, uh, I would have never ever been able to understand what I understand now Based on the road that I've had to travel up to this point About appreciating things and understanding what it takes to persevere past Hard times because most people when they're used to being given given they're used to being given all the time Right when they're not given it's a shock to the system and they shut down they shut down They don't fight like me. I'm a fighter right like me come in and drop a comment like that I'm going to fight it's that simple Um, it's an idiotic comment and it does not apply to what should apply to the masses in reality Okay, I just think you watch too much tv to be honest with you, man Be honest with you If the world does go to hell in a hand basket Um, I'd like to come and hang out with you in your prepper bunker. That'd be nice if you if you could Maybe throw a rash in my way. That'd be awful nice just from a humanitarian perspective You'll be like you you you chewed me up on your live stream, man Get the hell out of here, man I'm going to stay in here with my can of pinto beads and survive man. So I've done my whole life. I'm a survivor Yeah, that's awesome, man, you know, I live with hope I live on heart I live on perseverance and and goodwill Um, I I do I do love people There's there's one motivational speaker man. He gets to me every time he seems angry He's just like I hate people. It's like that was what I used to get ahead. I don't hate people. I love people Um, I I just seemingly uh have uh an interest in those people who always want to make everybody else's business their own I don't know Maybe I don't know deploy a different strategy Maybe start to focus on what it is that you do with your day I don't know. I I think if you allowed me to observe what it is that you do with your day all day Uh, I think you would allow me to retort and scrutinize what it is that you do my friend Yeah, if you don't have the ability to do it yourself, let's stop barking up my tree. All right It's the glass house brother. It's the glass house, man Yep, you barking up the wrong tree with me. That's for show That's for show Watch billions or succession or startup Financial foundations. That's a really cool thumbnail. It sounds like you've got a youtube channel You probably have a hundred thousand subscribers with that That's that's awesome f squared. I like it very cool. Welcome to the message I appreciate stopping by james palmers in the house. The world needs to calm the f you know, everybody's angry Nice seems like everybody's angry Um, I have to go to the supermarket anymore and I gotta Shut people out because people are staring at you and they're ready for you to stare back at them And and they're what do you want and they're all angry and stuff? Oh, I'm happy all the time, man I think they're pissed off at me because I'm happy. That's the problem You got to be pissed off like me too, man. I'm angry. You got to be angry, too I'm gonna get you angry here. I'm gonna throw this Head of broccoli at you and hit you in the face man. You got to you got to get on my wavelength here Oh Telling my kids that at 50 I'm learning to apply a life value Absolutely, man. That's a life's all about man. I live for them. Anyway, I don't live for me. It's all good It's all good that come on and I endure the scrutiny of social media. It's just lovely All right, it was funny life's way too short to waste on the negativity I don't know I just I know what real Struggle is Yeah, and so this isn't struggle Going through volatility in the stock market is not struggle. All right Toughen up a little bit all right When you don't have money to buy food or clothing And you are a complete disaster and you have no relationship You have no for me. I have no woman I've been happily married 17 years to a goddess. I'm good You take more your portfolios going to nothing really? I'll still be stuck with a supermodel wife Jesus if you have the means I highly recommend it Jesus man, what is your definition of success? I went on and I Spit bit them to six youtubers tonight. I honey I'm making a difference in the world. Yeah, you are good for you good for you with that negativity you go boy You go Only main indicator at this point is pal next week. It's a yep um Yeah, I think raising rates is what needs to happen I've been saying this for years and years and years. I this negative. I've profited from it I didn't fight the fed. I profited from it, but Markets need to normalize financial markets have been in a Uh financials, excuse me sector has been in an absolute swim. It's driven down valuations below 10 forward earnings on on most of the big banks anyway, and it's going to be bullish for them. No doubt I'm still going to buy the crap I need, right? I'm still going to pay a premium for that stuff Whether or not, you know, it's two dollars and 62 cents or three dollars and 78 cents And I don't pay attention to the dollars and cents that I pump into my freaking Truck, I don't I'm like I'm going to put three quarters in my tank. No my time is valuable I timed it the other day. I thought you know, I wonder how much time people spend it with the tesla charging their vehicle I timed it how long it took for me to go from bone dry empty to full Two minutes two minutes in my Tacoma and let me tell you I didn't stop and be like I just need three quarters I I I gotta I gotta throttle back a little bit this month. You know what I mean? No No, no, and those people the same ones bitching about the high gas prices. I could care less I could care less I don't know come talk to me when it's above 10 dollars now, and I don't know I still got to put it in my rig I still got to get back and forth to work and that's exactly what I'm going to do But of course it's just come on man. It's all good. Have a little fun with this man One Benton court is having fun with me. That's great. It's awesome This is not not as bad as you think that it is And this is the key is is the balanced life. This is the first time we broke 100 in the independent investor channel live stream I don't know if it's because Financial markets are in the crapper and you come in here for a little bit of motivation But I'd like to welcome everybody. Yeah, it's pumping up a little bit, man I could invite you to hit the thumbs up button. I really don't care So if you don't want to don't do it. Hell hit the thumbs down button I don't I don't really care. I'm one of those unique youtube bella-della-della-dellers that really just I don't really care The words that I speak if you do listen You'll probably come out with it with a lot more of a neutral perspective And again, I'm not trying to sell you propaganda here. I just Look, I take a perspective. Could I be wrong? Could I be wrong? By going long on the market I guess sure Sure, I'll figure out something else to make it No doubt about it successful people, man. You cannot hold them down Can't hold them down It's just that simple. Anthony wireman's in the house Ron pulls wool for sure Yes, the sheet video It was just perfect timing. I didn't mean to uh embarrass Um, I kind of did actually because it was like here's my opinion and I'm leaving right now before you can even comment And I I did I spent 15 minutes Ragging that one through the coals. That's for sure I was a champion speech and debater in college. You don't want to do that to me That's why I invite people on man. They can come rap with me on on the live stream if they want to nobody ever takes me up on it Hell, I'll have a few drinks before if that'll make you feel better Probably even the playing field a little bit give you a fighting chance to come on and prove to me that I should sell everything right now and I would just be so much better off by doing that what it is that people Tell me what I is that I need to do with my program. Okay, fair enough Fair enough. I'm telling you what you need to do. You need to get your ass in the gym at five o'clock in the morning Yeah, well, Ryan. Yeah, I don't know. I we can't do that. I don't know. You know, that's awful early, man I like to I like to sleep. I like to sleep in on the weekend. Yeah, okay That sounds like a nice cliche that you bought into. Yeah, right on. What do you believe? No, no, what what it is. What what do you believe? I don't know Ryan. I'm waiting for you to tell me what I should believe about what I should do with my with what I should Do with with what I do And therein lies the problem Well, I wouldn't buy a tundra the gas guzzler It is that's what I said. It's a it's a it's really uneconomical. There's no doubt about it But I like them. They're cool great live stream. It's it's a luxury It's in the automobile category. Remember, it's on the bottom tier of the hierarchy of needs, right A broken clock will be right twice a day Absolutely. Jamie's in the house. I can see you in a 20. So can I I've seen it many many times ever clear boy But I tell you what we need to get highly on above three dollars a share if I'm ever going to have said corvette. All right Uh, go ahead and email uh, Thomas Healy and see if he can come up front. Hell, I'm so over that It's so funny. It's people think I care more than what I do and I don't I do not I'll continue to have people pay me for an interview Jesus I could care less I could just care less man Oh man, I didn't even see that. Oh, I should I should just this is great Ron Thank you for coming on and talking about it Um, are you pikers serious? Give your stock picks then man And yeah, I didn't tell you I I Yola had my entire portfolio into this $500,000 and yeah, I'm definitely a piker I don't even know what that means man, but yeah It's great that this defines for me the spectrum of idiocracy that I speak about otherwise I wouldn't do the independent investor channel if everybody was on my wavelength Oh man, it's so awesome Oh, yeah, he's really yeah, he's really having a blast in here. I'm just now reviewing the comments. This is awesome Social media opinions only matter if you let them. Yeah, no, I should block him out, but I have fun with it. Anyway It's amazing to me All right Cruisin through here. Can you make a nickel a bash video? Probably. Yeah, I absolutely could Yeah, they're developing a bunch of trucks that um, they don't have fuel for I don't know. That's what I see Maybe I'm wrong Maybe I'm wrong We will see who's wrong in the end. Anyway, we want to help you guys We're starting to roll off people getting tired people need a shot. Absolutely. Where is the piker? Absolutely, that was a lot of fun tonight. He pulled out the sheep I haven't had the sheep out for like gosh five six months. Anyway, so so thank you to that That was great for bringing them out of the out of the um, out of the uh, uh, Far past year and bringing them back into the independent investor channel to drive my point home Don't be a group thinker. Be a thinker on your feet if you're going to make a mistake with highly on or or or anything else Do it because you've chosen to do so not because you've sought out And been influenced by Social media or anybody else in the grander media that drives me up the wall man. Think for yourself Remember all right, we will be back next week on the independent investor channel live stream really appreciates you guys This was a hell of a live stream. A lot of people in here concerned about financial markets Don't be it's all good. It may go down. It may go up next week. I don't know according to ron. It's going to zero So there is always that possibility, I guess All be it very very, uh, rare Possibility of everything going to zero But like I said, you can do all kinds of cool stuff to it to buffer that and like I said, if I lose all my money At least I'm married to a babe guys. Take it easy. I appreciate you joining me Uh, we'll catch you back next friday on the independent investor channel fastest 60 minutes on youtube