 Cannabis stocks and CEO interviews brought to you by rich TV live Well, what's going on everybody Aaron with departures capital. We're here with rich TV live and investing hustler. What's up boys? What's going on guys, it's investing hustler good to see you guys nice to be in a collab with you three you two Yes, our last collab and rich. How you doing? I'm doing fantastic. How you guys doing today? We're good. We're good. And there's no snow as of yet. How's the weather in BC? Oh, man, it's beautiful sunshine So lucky so lucky Toronto, it's crazy over here. So anyways, we're gonna touch on a really Different topic today something that I feel like a lot of people, you know, will appreciate us talking about and it's gonna help a lot of people So let's let rich tell us what the topics about and then we get into it Well, obviously, we've had a pretty tough week this week Looks like we're having kind of a slight red day today And we've had so that will be four out of five days that are red And I believe six out of the last seven days in the Canada sector are red and Globally, we are seeing a lot of red as well So what we wanted to talk about today is how to deal with red dates how to deal with stocks when they're down how to deal with red days and Think about as an investor when we're having a downturn or a trend reversal Yeah, so I mean for me for example Of course like whenever it goes up sometimes it'll come down and you have those like you just said you've had those Red days even red weeks like I said red weeks are probably the most depressing or when you get four to five days Where it's red. What do you do? Do you get down and out? Do you say you're gonna stop your shares? That's not that's not this best strategy But for me, I don't know. It's just a matter of Better the house like I love to go to the gym. I love to read a book do something to get your mind off it That's just for the short term also No, maybe you're a time investor, but if you're not a full-time investor Start up a new project, you know do something think think to yourself. Oh, how am I gonna be more successful in the business that I'm already in? You know like for me for example I'll go and think of a creative video to make or I'll work on a new program Or I'll just do something that's productive and is a different maybe a different stream of income for me That's true. Well, I think I think a lot of it has to do with experience Because when I started investing and I had like a red day on the before the weekend the whole weekend I would just be depressed. I would let it get to me. I'd be down And it would affect me and the people around me my mood just sucked and then over time I learned to realize that it shouldn't affect your life because At the end of the day your stock will go up if you're invested into a good company So with experience eventually you stop being depressed because of those red days and on top of that It's good to get your mind distracted. Just like you said sometimes you got to just go to the gym You got to go work on another project. I'll start posting some ads for sales I'll work on a video related to something else Go hang out with a girl go keep your mind distracted or just have a positive mindset because if you're in your head You're just thinking oh, I lost this money. My life sucks this and that Just remember at the end of the day, you don't lose money until you sold those shares at a loss So you you didn't lose nothing the only thing that happened was the value of your stock went down for that very moment So don't let that one moment ruin your day your weekend your week Don't don't let it ruin don't let it ruin you. So that's pretty much. That's my experience About you rich Yeah, I've been in this game for a long time and I've been watching Canada stocks when they first started four years ago You could not deposit a cannabis stock anywhere No bank would take it no brokerage house would take it in Canada or the United States I watched canopy growth Aurora cannabis Organogram Africa and Kronos group those were the first five big ones which I talked about two years ago go from under a dollar All the way to the prices that they are today So I find it a little bit comical when people are panning because I think long-term and when I think over the last Four years all of these cannabis stocks for the most part are up thousands of percent okay, so Realistically, they've been a huge success and the entire stock market as a whole over the last few years has been up Dramatically so if you've been losing in the markets, you really got to ask yourself. How are you trading? What are you trading in? What are you investing in I choose to think like Warren Buffett and Warren Buffett tries to invest in a company that he Sees will be a powerhouse or a monopoly in 20 years. I believe Aurora cannabis Africa Canopy growth these are three of the biggest companies in the cannabis sector that will only get bigger now Their prices are totally out of whack because they're trading at Price-to-earning ratios that are unjustified Can't trust yesterday had a massive day of 30% but they came back today like 8% last time I look because they're trading at 38 times revenue So when you're trading at 38 times revenue and the street on Wall Street and Bay Street wants to see six to 15 times revenue You know that you're in it a little bit of a bubble But yeah, the bubble is a reality these prices are reality So if you want to play in today's market, you have to know that it's very volatile There's a lot of highs and there's a lot of lows All of these stocks in the cannabis sector are overvalued They're trading at price-to-earning ratios that are not justified because of that. They can go down at any time However, the hype is real and because of that they can also go up at any time because last time I looked till rate did hit on did hit 300 I saw with my own eyes and can it be growth did hit $70. I saw with my own eyes almost 100 So yes, some of these stocks do crazy things, but they didn't stay there So do not buy stocks at 52 week highs try to buy them a 52 week lows Buy the red sell the green and think long-term and then you won't be concerned about down days. Yeah Exactly. I think that's great long-term mentality Because even I at one point I was holding on to canopy at thirty six dollars and then canopy had that downfall and I could have let me let it get to me and sell my shares at a loss But then you've seen canopy go all the way up to seventy seventy three dollars. So it does happen You just got to think long-term old long-term and sell try to time itself at fifty two weeks high a hundred percent And and honestly what all the time the one thing that always that warm up It always says is when you go to McDonald's and you see burgers are on sale. What do you do? Buy more. Yeah This is the time to lower your cost average so that you're buying your stocks at 52 week lows And when they do explode later this year or early next year or sometime next year or in the future You will be rewarded handsomely for your patience Exactly. Yeah, exactly. You know, it is definitely patient So I mean like if you look at other industries that are growing like five to ten percent a year Well, okay, maybe you buy a cannabis stock and it goes up or down twenty percent from the time you buy it You're down twenty percent. Oh, but then we have a two-month run and you're now up seventy percent. So it's like Yeah, you just got to be patient That's what it really comes down to if you're investing in a good company that's gonna be around in the future You know, if you made the right decision You can't get down when your stocks down twenty five percent because the next couple weeks It could be back up and higher than that, right? So it's volatility you need to be comfortable with the volatility of a new sector like this But at the same time you we have the opportunity to capitalize on growth that other industries just won't won't see Yeah, and like for me like the only time I'm selling is when I'm up 10% or more So when I'm down, okay, close the computer. Let me go enjoy my day. I'm gonna go find other ways to make money I'm gonna go hang out with my kids. I'm gonna go hang my family my friends There's a lot of other things to do every day than just stare at the screen. So it's down That's what I'm buying when it's in the green. I'm thinking about selling if it's not in the green Close my computer for enjoy my day. I mean, I'm not going to let the stock market affect my attitude Yeah, I'm sure to worry about one investment. I'm very diversified. I'm invested in cryptos stocks and real estate I want it more diversified. I want to get heavily into commodities. Maybe buy some oil and gas now That's so cheap maybe buy some gold So there's so many things I want to do to be well diversified so that when the markets do go down It's really nothing more than a buying opportunity Yeah, look at it like that then you actually will learn to be excited on down days because those are the days where you should be buying For sure. No, I mean like I love commodities to be honest when I first started to purchase capital I was way more focused on commodities and nothing to do with cannabis like like a little bit of cannabis But like I've always been a commodity investor. I mean like don't get me wrong in the past five years I've been super brutal Oil gas gold's been okay physical bullion, but yeah always smokes But I think now is a great time, right? Like they just got beat up like crazy But if you're investing in oil and gas two years ago gold or In cannabis stocks, who do you think would have come out with the biggest gains? That's pretty obvious Yeah, but the thing with gold I feel like inflation grows at a faster rate than gold does So I don't know go. I feel like gold is just like one of those safe havens, but it's like you don't you can't really make much money from gold it's just like it's a physical asset compared to stocks and And speaking of that like what what do you guys think is a good investment outside of marijuana? Like what do you think the future? A good one or what do you what do you guys think like outside of marijuana? What do you think would be a good investment? Well, I've got to lithium and vanadium. I've been looking into lithium stocks and vanadium stocks I'm very interested in them. I know vanadium is a word you're probably not used to hearing It's another precious metal that has grown by 10x in the last few years and has huge upside So look into vanadium stocks and look into lithium stocks so much so much potential Yeah, why though why why lithium? Why do you think it's the future? Yeah, lithium batteries. We look at this one. We look at electric cars and electric cars are the future and if you believe in electric cars and an industry that's trending Lithium is the property that is utilized in Creating electric car batteries. It is it is it is needed So the companies that we've talked about like standard lithium and standard lithium I've talked about quite a bit and I'm telling you it is going to explode because what they do is they extract lithium in hours Where everybody else that's in the lithium industry. It takes them years to extract That's one industry I was gonna say electric cars. I think are the future and maybe even AI Or even prosthetic limbs, I feel like they're starting to advance that could be something to look into But I don't know any companies that are developed. Do you know any companies are into prosthetic limbs or things like that? Haven't looked into that. No. Yeah, that's something I'd want to look into. How about you, Aaron? I've got one good sector. This is more of an old-school sector and it is real estate But I'm very bullish on Retirement REITs and long-term care REITs because I just feel like you know with the baby boomers Going into retirement getting older in the 60s 70s the next 10 to 20 years That industry is gonna boom because but the company and the REITs have to be run, right? I mean like you can't just invest in any retirement home privately owned retirement home. You need those I forget what the standard is but if a company owns Those top quality retirement homes, I feel like that's going to be a good REIT and a good real estate investment for the next 10 years Just for the simple supply-and-demand tax real estate is really big and the reason I like real estate and you combine it with cannabis Yeah, because if you think about it now that it's legal They need places to grow so people that owning these properties farms Spaces residential properties that they're growing in are able to rent out their properties for I've heard four to times the rental in Oh So think about that as an investor or maybe even a commercial real estate investor that's thinking Oh, let's open up a REIT and let's strictly rent out space to growers And we'll be able to make four times the rental income And be able to pay down and pay down our loans and mortgages if they have them and be able to Cash flow like crazy and be able to pay back their shareholders dividends out of the cash flow that's coming in from the Revenue generating cannabis companies This is talking about utilizing a growing industry to maximize earning potential Yeah No real estate is great if you get into the right sectors I think Yeah For sure. I've always loved real estate though and like owning investment properties too. That's It's work. Don't get me wrong. It's work. But it's worth it Yeah, well, I think properties right now are overvalued. Don't you think? Well, depends on where in Canada you are in Vancouver. That's for sure. Yeah, ridiculous. Yeah Same here in Toronto, but if you go to Halifax or the East Coast You can buy a five bedroom house for 250 grand That's yeah Yeah, that's true. I actually own a house in Saskatchewan. I'm pretty sure they're still cheap out there Yeah, but you know Saskatchewan has the highest per capita earnings in all of Canada Really? Saskatchewan are rich and people don't know this but yeah, they're rich. They're they're per capita The people in Saskatchewan have more net worth than anywhere else in Canada That's awesome. I believe a lot of people go out there just to work That's why I rent out rooms in the house. Most of the people are working class citizens And like Vancouver has the highest net worth because of the real estate here But I don't believe it's it's made. I don't believe it's a lot of people in Vancouver I think a lot of that money is is is international investors Because you can't even qualify for a mortgage now here for a house Unless you're making like something like unless you're making over 250 grand a year in salary You will not qualify for a mortgage anymore What? It's crazy. You can't get a mortgage out here You can't Like I got first to rent I got friends that like are like got good high paying jobs and they're telling me like rich I can't and they got like multiple houses. They're like, I can't get another house I'm like you got a hundred grand of your job. Your wife was a hundred grand of your job. Yeah, I didn't qualify I'm like, what is going on? Like this is out of control That's nuts But they're trying to buy a million dollar house, right? Oh, okay, okay So you can qualify if you want to buy a half a million dollar house, but if you're in vancouver You want to buy in downtown there is no half a million dollar houses No, there's like one to two million, right or one and a half to two million at least two or three million So it's crazy. It's crazy crazy crazy So you don't even qualify like nobody qualifies unless you're elite or you're rich or you're buying in cash Or you're putting like 50 down like a massive. Yeah. Yeah Sell your whole house and put the whole house down as a down payment It's crazy. You guys can see this is the video of me in the dominican republic. I was looking at that. Yeah, I'm going I got a villa there. That's my that's my hood. That's uh, sasua beach I'm actually walking to the beach right there from from my villa and uh, you can see all the shops and different That's cool. Yeah, it's super cool that people having fun. They're good people. How old were you? You look young there. This is last year Really? Yeah, this is last year. Oh, man. It must be I don't know you look super young When you go to the beach it makes you young man. It's rich. It's rich in vacay mode Rich is in vacay mode. He sheds 15 years. I'm just kidding I'm gonna be there in like uh less than two months Damn, that's awesome. You're gonna wait. When are you going again? January 12th to the 29th. Yeah, you're gonna be there like a week I'll get back and then you'll be there like a week after so it's gonna be awesome stuff for our channels Yeah, so I'm pretty excited. I can't wait. I'll be making a lot of videos from there So this is what I do when the markets are down. I buy more and I go on vacation And then when hopefully when you come back, they're all up and you can sell Enjoy your money. Gotta enjoy it. Exactly. You used to make it one if you're not enjoying it Exactly. Money is just a tool It's true when you're gone So you might as well enjoy every single minute like I own a villa in the Dominican and I love it And I bought that cash and it was because of stocks and stocks. How much did you pay for it if you don't mind? Hundreds of thousands of dollars us Yes, it was a cheap. It's worth about it's worth about, you know Half a million us right now It's a good investment. I paid I paid a little more than half of that. It's gone up now Um, you know Probably about 350,000 us all in but it's worth about 500 right now And yeah, man, but it's it's nice place. It's a compound. It's huge. It's a 10,000 square foot property So it's got a 15,000 gallon pool 10 man jacuzzi outside bar inside, you know, all stainless steel appliances everything This is my He's actually Canadian. He's from Vancouver. He has a restaurant there and a bar there So you see me talking and hanging out. So I got people there like it's just like Canada. There's tons of Canadians there There's tons of americas there. That's so cool. It's tropical It's tropical and it's sunshine and this was February of last year So imagine in February in Toronto where I'm from and you guys are at right now It's freezing, right? And then you go there and you're like, look at me. I'm like ready to jump in the water And I'm like, oh man, the water's so warm. That's my happy time When you're there, you don't even think about the markets. Honestly when I'm there Do you honestly think I'll be thinking about the markets? Maybe just a little bit. That's why I want to take a vacation three month vacation Investing huster wants to do some traveling last year did three weeks this year. I'm doing two and a half weeks It's good for the soul. It's good for your mind. Good for you. Totally You get stronger. You physically feel better everything. It's different the cold and the rain here We get a lot of rain and clouds it takes strength away. You feel it in your bones You feel weak. You feel tired. You just want to sleep and then you go out there You're just you're you're like a new person. You're swimming you're walking You're in the sunshine and you feel reborn. Yeah, all that might have been That's great in that photo you would never know I'm 40 Right? You look like you're in your 20s in that video. Yeah. No, seriously. It's that's that's awesome No, that's awesome. So everybody needs their escape Everybody needs their escape whether it's the villa and the Dominican whether it's reading a book hitting the gym doing whatever you Do when it's red you go to the beach That's all you got to do. You'll forget about the red real quick I just want to accumulate I'm gonna tell you guys my strategy I want the top 100 cannabis stocks I'm gonna buy them all And whenever they go down I'm just gonna buy more and I'm gonna hold them forever until I die And then I'm gonna give them to my kids and that's it I'm done. I don't need to worry. I don't need to stress. Let everybody else panic. I'll have a song for you Don't panic. I'll have a song for you guys soon. It's about don't panic But I promise you this when they are red and you are crying I will be buying I will be selling and that's it. That's all anything in between. I'll be at the beach That's it That's the way to live your life That's why I literally this and I'm almost 41 If you want to know It's because of that because look that's the villa. You guys want to see the villa? That's the villa Do you have employees there right now working? No, it's rented. It's a rental Oh nice, that's good. Yeah, so when I go there, I just book my time and then it won't be rented that time And when I leave it just gets rented That's sweet. That's good. So if you guys want to go to the dominican republic you want to rent your your boy riches Villa in the dominican republic is villa 613 casalinda holler at your boy. How much how much is rent? About four to five hundred u.s per night per night. Whoa Yeah, I don't I don't play but if you contact your boy, I'll give you guys the deal give you 50% off Just kidding If you travel with me, it's free your boy rich is always free if you travel there rich Going with you rich. We'll be there. Let's roll. Let's go. We'll do a triple we'll do a triple collab from the Actually, I'll do that. All of us go on a vacay and like Vlogging the whole yes We'll shoot one of those like of those inspirational trade and travel videos like with the like The adult with the kid on a bike no helmet. That's the dominican republic That's awesome. They got like kid on the plane. No helmet. Everyone just go No rules. You can drink and drive there. It's crazy Like nobody care. Don't drink and drive people. No, I'm not saying you should but you literally see people drink and drive And you're like, what the hell The weirdest thing I've ever seen. You're like pull up beside a guy and he's like, hey, it's like cheers Is Spanish rich You speak Spanish or no Uh, no, man. Poquito So you need a Translator bro, when I go there, I speak fluent. Give me a week I need to be in the element, man. I need to be in the element comes out because I'm Portuguese, right? But it's just it's deep inside. That's come out. It's come out All right, guys. Well, it's been almost 20 minutes. So I'm gonna have to wrap this video up but uh, yeah, I hope we can provide some Insight and you know a little bit of stress relief or the red days, you know think outside the box don't just focus in on the red days because Every Everything that happens is an opportunity. So when it goes down, it's an opportunity when it goes up It's an opportunity and make sure to tune into our channels for more info subscribe to rich tv live Investing hustler and to purchase capital. Don't forget thumbs up and for the outro. I'm going to be playing one of rich's tracks So you guys better listen to it. It's going to be sick All right, don't forget to like smash that notification bell and subscribe hit it