 Hey, hi everybody, how you doing Russell Moore coming to you live From dedicated to financial literacy. Welcome back to the channel. Hey, just good morning. It's early It's early around 3-4 a.m. I Just wanted to talk about a few things concerning the market right now What's going on right now? I hope you're excited We're still in a bear market everybody. We're still in a bear market. Don't I'm telling you Don't drink the Kool-Aid Now what what about that because we're in a bear market does that mean You can't make money. No, that doesn't mean that you can't make money at all Just because the market is going down. If you know anything about derivatives or put options And I want to clarify something because I said this on my last video and I should have clarified something It's buying a put If you're buying a put you're expecting the market to go down now if you're selling a put If you're selling a put option, you're expecting the market to go up Okay, I just want to I'm gonna clarify that because of my last video I think that's I just said buy a put and so What you can do in this in this kind of market you can buy the dip you can buy the mark You can buy stocks that are been been getting crushed And discounting you buy those For the long haul you're like, I want to hold on to these I'm just gonna add to my position on a regular basis and over time it'll go back up, right? Me time for Current profit you can get a put option against that stock So that if it's going down you make money on the way going down But you're not losing money on that other stock that you bought the regular stock the regular Equity that you bought why because you don't lose money until you sell You guys get that you don't you don't lose money until you sell I'm buying for example a stock called honest the honest company you guys heard diapers Yeah, I'm buying stocks and I'm Dollar cost averaging so I'm buying it it's dropped down to like three dollars It was at two dollars about a month and a half ago So I've been just purchasing that stock purchasing is in purchasing it right it's went up went down went up And that's what the stock will do is go up and down up and down up and down but ultimately the trend If you watch the trend the trend is your friend the tremble start going up. And so right now So it about 357 just gradually going up. I just keep adding to the position Meanwhile because we're in a bear market. I got a put option edging To leverage that a put option that I've bought Put option expecting so when it goes down I'm profiting from the short term because remember options expire So even if it goes down I'm making money While I'm adding to it for the long term. So I got a long term. I got a long term Strategy for the stock while I got a temporary profit strategy Okay, so I'm not telling you to do that Okay, you got to know what you're doing you got to know which You got to know which put stops stocks to buy too as well the strike price is important and time duration Makes a big difference when you're buying options So I'm not encouraging you to do that unless you know what you're doing get it Just talk to an advisor somebody that really knows what they're doing with options. Okay, I Never give advice and tell people this is what stock you should buy. So even though I brought up honest I just use that as an example and It's doing well. It's doing well. I'm another stock that I've been looking at is tattoo chef TTCF I believe and Palantir. Those are the two other two stocks that I'm looking for that have been reduced big-time Palantir I think it went down 60% It's I really believe that that stock is gonna do well over time, okay? They have a commercial aspect of their business and the government so they're making money in two sectors and And they're doing well. They're doing well even though the stock is getting crossed. Okay, buy the dip baby Buy the dip and what do I always say if you don't learn, you will not earn if you don't learn You will not earn so the key is Learn Learn And don't just rely on YouTube game Don't rely on you to YouTube to learn about the stock market. It should be one of things one of the things that you do Read attend seminars do some webinars You can there's a multitude of avenues where you can get more knowledge of the stock market When it comes to stocks, I will say this I'm gonna talk about Apple for a second They're gonna be having I believe later today They're gonna be having they have a big day coming up where they're gonna be announcing a lot of their new products The new iPhone and everything today, so I know that there are a lot of people during the pre-market The pre-market are probably gonna be buying up a lot of shares, but here's what you want to know about Apple At least the last couple will be definitely post Steve Jobs after he died rest in peace And Tim Cook took over at CEO Normally After they've announced a big product to the new product or whatever their stock will go down It's interesting, huh? It usually doesn't go up so There's a good chance that that could happen again Unless they announce something that's really spectacular that they're gonna be doing with the with their products If they're gonna be doing something amazing and that nobody's doing that separates them even more as a company Then it will go up But historically it's gone down. I don't know what it's gonna do. I'm not predicting But here's what usually happens when they go down Remember they're heavily weighted in the S&P 500 and they're heavily weighted in the Nasdaq Meaning there's a good percentage of their company that's in the Nasdaq and the S&P So when their stock goes down it affects those indexes so the S&P 500 will go down And the Nasdaq will go down if they go down today So keep that in mind for those that have index funds or you know ETFs for the S&P 500 in the Nasdaq, okay? Alright, but don't panic. Don't worry. What goes up what goes down will eventually come back up Stay the course gang. Don't make emotional decisions that today If you're dealing with the market Now one of the things one of the things I wanted to do is Something that you might want to start considering we are in a bear market. How should you approach this market? Usually in a bear market, it doesn't go straight down. Sometimes you'll have a moment where it's like you have a couple of days Where it's just everything's getting crushed like today But most of the time it's gonna go down up down up down lower lows Lower lows, you know, hi, you'll have a couple of days that it's high that it goes low I wouldn't be surprised if today is a green day But ultimately the market will keep going down the Nasdaq is at 35% it's down 35% year to date Now get this If this happens for the remainder of the year and it goes down 35% the remainder of the year That would have only happened three times in the existence of the Nasdaq and Let me remember when it happened 2008 it was down it went down 40% for the year 2000 it went down 35 39% yeah, about 39% for the year and the other time was 1974 and we're now 35% interesting thing about the Nasdaq though in 2000 it went down almost 40% 2001 it was down 21% in 2002 was down 31% 2003 and rebounded it was up 50% So I thought that was interesting That that was the first time there were three consecutive years like that three consecutive years two thousand two thousand one two thousand two bear markets all Three years, and I'm concerned about if that's gonna happen this time in 2022-23 and 24 Most people won't agree with that I know that most people agree with that they think the market is Most people even think the market might be at the bottom right now. It's about to start heading up We will see we will see I don't think we're quite done with this bear market yet gang. And so I Would encourage you I Would encourage you to stay the course though. Here's a few things. I want to give you a few tips before I end the video I want to give you a few tips on How do you want to approach this market? One of the things that I've been doing and I'm here's my disclaimer and I'm telling you what to do This is my disclaimer. I'm not telling you what to do. Hey, here's my disclaimer. I'm not telling you what to do Another thing. Let me remind you to subscribe button Hit the notify bell. Okay, if you want more content in the future now Here's a couple of some things that you might want to do during this time Don't be afraid Don't be afraid to purchase stocks that are on the dip. They're being beat up as long as The company has good fundamentals Just because a stock is going down doesn't mean it's a bad company I'm gonna say that again. That's a tip for you Just because the stock price is going down doesn't mean it's a bad company So what you want to do is study the fundamentals So number one study fundamentals study the fundamentals of the Stock now some people they're not into fundamentals. They're more into charts Technical analyzing I get it But you know what most of those people are day traders and swing traders If you're if you're in it for the long haul you're mainly want to be concerned about the fundamental Analytics, okay, that's me now. I do know charts and I do I do look at technical the technical analyzing aspect I do look at trends. I do look at the RSI. I do look at the MACD Okay All right, I do look at support and resistance. I look at all of those things for short-term things for short-term profits, but Mainly right now. I'm in the market that we're in now. I'm thinking more long-term I'm thinking about more long-term. So I've cost dollar averaging. I've got stocks and I'm just Adding to my position weekly adding to my buying more shares as it drops. I buy more shares, okay? Okay, so fundamental analyzing number two Look at the company's executive team and what they're doing Horrible horrible shame the bedbath of beyond CEO who who killed himself and jumped off the building? I Don't I don't know the details. I'm not gonna speak on it. I feel bad my condolences to his family okay, and so the Bedbath and beyond team and the corporate off everybody in the organization all the employees my condolences I would just say though that And again, I don't know the details all around it why he did it what was going on I you know, I do know some things that are going on with the company They talked about insider trading and some things that he might have been doing that wasn't But this is not the time or the channel for me to be talking about that I'm not gonna speak on things. I don't totally know about You know things will come out in the truth to come out about what happened. I'm not gonna speculate Okay, especially for him in the sake of this family. So my prayers go out to them But I'm just saying you want to study the leadership team of these companies find out What they're doing where they came from Was the leader was a CEO or the executive team where they homegrown or did they come from another industry? What is their philosophy? What is their vision for the company? Okay fundamentals executive team Moat in other words, what kind of a competitive advantage do they have? What kind of competitive advantage do they have? Give me an example stock of fubo TV. I Was looking at their investors. They had an investor day where they were talking about the company And I'm not gonna go into all the things that they're gonna be doing But this one thing is a moat. This is my example of a moat. They have it where On fooboo fooboo TV, you can actually and this is great for people that love sports You can actually have Split screen for programs going at once. Why is that great, man? You can have golf You can have the tennis football or you can have all four football games playing at one time That in and of itself is a moat Direct TV is not doing that cables not doing that. So fooboo TV. It's live. It's streaming. It's a streaming But they're doing so much more But if you look at their Financially, they're not profiting yet, but they will I think they have over a million subscribers right now They're gonna be competing. They're competing in with YouTube TV. So watch out for fooboo TV But I'm but that's what I'm saying a moat. What gives them the confedicum competitive advantage All right, and then of course you want to look at their financials. How much debt do they have? That does that company have are they profiting? What's their Ford PE what is what does it look like they're gonna be doing? What are they expecting to make in the next few years and What is their vision? What is their vision that would come under the financials to what is their vision the vision for the company and do you see? Wow, this is gonna be something that's This is gonna change things in their industry Okay, so look at their financials all right And then make a good quality decision you don't have to throw a bunch of money at a stock You don't have to throw a bunch of money. Just throw a little bit in there a little bit in some people get afraid They're like if I don't throw enough in if it's if it takes and go off to them goes to the moon and I didn't put enough money in Just be patient constant Be like the tortoise Not the hair Be like the tortoise just you constantly giving to it It's a company that you believe in and you just constantly $20 here say it's at $3 $3.50 like honest is right now. I just got Watch this honest. I got $8 going into honest every day. I Don't even look at it. It's recurring. It's just $8 So wherever the stock is I get $8 worth every day I was looking at it the other day and I was looking at my position how quick it's grown in just a month or two And I'm doing is putting $8 in now remember though it dropped to $2 at one point. So that was four shares a day It's now at around 350. I haven't changed it. I might go I might go to 10 or 15 I may even go to $20 a day I'm watching the stock, but I'm building my position for the long term. So it's gonna go up Let's go up. It's gonna go down. But at the same time, I'm leveraging it with some put options I'm buying Not selling if you sell a put you're expecting to go up. You buy the put it's going down. All right, so You're expecting it to go down if you buy a put. All right I want to make that clear because when you tell people buy a put Get a put you say that if you were like, okay, get a put a put option Yeah, but if you sell it you're expecting it to go up if you sell a put If you buy it you're expecting to go down. All right, I just want to make that clear I didn't do that in my last video. Anyway, I love everybody Hey, stay stay strong in this market. Stay strong in this market And whatever you do get out of debt. I keep saying that what am I to? But two things that I say the most if you don't learn you will not earn and get out of debt Get out of debt attack your debt You can do this God loves you Jesus loves you and I'm praying for you Lord God I thank you for all of my friends family church everybody I ask you to bless them bless them in Jesus name Amen. All right