 Top tech companies come together and plan to donate billions of dollars to cyber security What does that mean as an investor? Why should I care all those things we're going to discuss today? Ladies and gentlemen, if you don't know you're now tuned in to the Prince of Investment With your host Prince Dice coming all the way live from a beautiful state of Denver, Colorado via Halulu, Hawaii If you haven't done so already please go ahead and make sure you hit that like subscribe comment share button And as always I don't have a lot of time and I definitely you guys and girls don't have a lot of time So we're going to jump straight into it. So the first thing we want to discuss and talk about is What is cyber security? So let's get straight into it. So the first thing we're gonna discuss We're gonna discuss what this plan was about. Why is this meeting happening? Then we're gonna get into the industry of cyber security. We're gonna take a quick break and then after that break We're gonna get into exact companies that invest into Not invest into but companies that a potential investor could look into to benefit off of what the president and what big companies say they're gonna do But ladies and gentlemen, I want to first give the disclaimer This is not any financial advice or telling you what to buy or telling you what to do I'm simply reporting the news and giving you an opinion, right? So what you need to do is to do your own due diligence in your own research I'm just giving you a couple tools for your toolbox. All right without further do Let's get straight into it. So Google, Microsoft, Amazon, IBM, all these companies come together. They meet with the president. They have a meeting at the White House to say they're gonna Allocate billions of dollars into the cyber security space. Now, let's first talk about why is this meeting happening? Now the first reason why this meeting is happening The first reason why this meeting is happening is because we have been seeing cyber security tax on the whole on the rise Big time in the last few years cyber security is the number one way that companies are being attacked So you look at we are very vulnerable to cyber security now today with phones and via the internet We do everything remember when phones were just for a phone call now phones are doing what faxes used to do Remember fax machine? Hey fax mode that document now you can text that document or you can text your address Now people's social media is on there. They're banking and counselors on there We go to school on our phone. We our lives on the phone. We pay our bills. We pay our insurance everything There's an app for that. There's an app for everything. So as this continue to dominate the world Guess what it does with vulnerability doesn't awaken cyber security. Think about it when I go to make my Appointments with my doctor guess what I can just pull up the app see what my appointment is print out the appointment Email it to somebody all those good things, right? That's what we have to do. Ladies and gentlemen, ladies and gentlemen, we have to think about Cyber not cyber security, but cyber in itself has taken on a whole new means It is not the future. It is here now and it's going to continue to grow into the future If you really tune into this show and things I say all the time I was talking about this for a while now. I May mention that this years ago Cyber security being on the rise cyber security being a big thing the more and more we do online It increases our vulnerability It has gotten to the point now to where you're looking at the way we drink our water is via cyber Not cyber security, but the internet internet has to do where we drink our water the way we The way planes fly the way we drive red lights green lights all those type of things all have something to do with cyber security Meaning that the vulnerability is continuing to grow. Can you imagine somebody that hacked the New York Stock Exchange? Can you imagine? Can you imagine someone hacked your? Your local city water Can you imagine someone hacked the red lights and green lights in your city? What would happen if you live in a nice urbanized area if you come from around from where you probably got like Four stoplights it probably won't do too much But if you come from a major city or near a major city or urban very urbanized area that could mean a lot So we haven't even gotten to the internet now today It is You have to have the internet cuz how you gonna plop for a job? How are you gonna get paid? Banking is done online applications are done online. Everything is done through The internet this is why we had the quote-unquote Obama phones remember the cell phones everybody got well fair recipients got but everybody was mad about it But why did we have that happen because of cyber security is just that important now? Let's get into it now these companies coming together now. We get the importance of cyber security Let's get to why these companies started to mention cyber security the reason why Google and Microsoft wants to spend billions of dollars into cyber because Cyber They are very vulnerable to cyber for prime example. You look at someone like Microsoft. They provide You know computers to the government a lot of government computers that we use a lot of schools Computers that we use a lot of top secret computers that we use are all made by Microsoft Can you imagine if someone was able to hack into our top secret network and get the information out into our enemy's hands? The second thing look at Google Google is the internet People say hey, you know people don't go you remember back in day We had to read in the psychopedia and know something how to get how to search around the web Now you just go to Google everybody goes to Google. There's you know, let's go to Google What is Google saying that is our new research tool? It's the number one most use research tool in the world I'm guilty of it too. So everybody uses Google Google is the internet Google owns YouTube Google owns a plethora of things so they're very vulnerable as cyber security as Cyber continues to grow. They're very vulnerable to the cyber security attacks. So now look at IBM IBM You know, they're the chip makers Can you imagine somebody who the chips that's going inside of our vehicles the chips is going inside of our computers? The chips is going inside of our watches everything we do in our lives our phones where they get hacked or compromised Can you imagine if Amazon look at Amazon who's pretty much the number one? Not pretty much, but is the number one retailer in the world. How much do they rely upon cyber security? Everybody all the way down to them small mom and pop Local bakery is utilizing cyber security because how does this fight? How do I go in and take my credit card? Not even I don't even put my credit card in machines I just tap it now I can tap my my credit card and boom It has made the charts a transaction to take the money out my account put the money in their account How does all these things happen which opens us up to the next field of finances and insurance Who goes in and pays their money not pays their money, but who pays their bill with cash? Nobody everybody gets online hops online and pay for can you imagine if that system wants to get hacked? So ladies and gentlemen, I say all that to say this we know the importance We know the companies that are kind of who has the vulnerabilities now. We're going to slide into The actual companies and how they perform. Let's take a look How has the cyber security industry ETF perform looking down at some of my notes here? 13% year to date 13% from January to now the hack ETF has gone up 13% Now the next thing you got to look at is this is a company. I talked about it was a sleeping giant I had it for a while and I sold it and I went into the other company, you know I give you guys a good reason why not to follow me on that is I had a company called Fort net You know Fort net not fortnight, but it was called Fort net. Hopefully I'm not butchering name But Fort net was a cyber security company had amazing finances Did that live here on the show went through their finances and they had amazing finances There was a top of the industry made tons of money. No debt. I mean Bulletproof financial statement, right? Then I looked at another company called crowd strike crowd strike had a bunch of momentum Finances wasn't as good, but it's momentum wasn't good now for it on the other hand for Fort net did have Great finances, but not so great Fundamentals so when I look back at it, I was kind of thinking of I was hold on a fort net I was like, oh, this is the brick solid company, but it just wasn't moving I mean crowd strike just came in and just took over a hundred dollars didn't went up to two hundred dollars Then what the two 30 something it was just trucking and trucking and trucking and there was Fort net just sitting there tiptoeing And tiptoeing and tiptoeing and tiptoeing and guess what happened You know coming into this year of crowd strike is up 39 percent year to date 39% not bad But Fort net is now up a hundred and thirteen percent year to date So crowd strike had an amazing year last year, but this year Fort net has taken over so the big reason why and you know, I would even take the ETF I take 13% heck I even take 39% all those are great, right? But the thing is when you look at this entire industry this entire industry is set to grow Why let's take a look at some of the statistics that companies said you had companies like Solar wind and all pipelines solar wind companies and all of oil pipelines were hacked As we move into this world moving away from gas and moving into electronic vehicles and clean energy You're having big companies becoming hacked Now you look at it the government has came out president Biden's came out and said we want to create 500,000 jobs You have President Biden almost also came out and said he wanted two person verification Authentication what does he mean by that? You remember back in the day when used to be a login to your E-Trade account just putting your username and password and boom You were in your account now you put your name username and password and account You get a they say hey we're gonna send a text message to your phone and then you got to get a text message to your phone And it takes a picture your face or whatever just to get into your account. That's the two Two-step or two-person verification authentication Meaning that they want to they're taking an extra step when you do this extra step This can slow down on cyber attacks cyber security Not slow down cyber cyber security, but up cyber security slows down on cyber attacks Why is that so important? This is so important because Now companies who didn't have this before let's say if you were a local bank And people can just download your app Put their phone number into you know put their username password into your app and be able to see their bank account Those things are now going away. I'm not going away. Those things are now turning into Companies and I have to go buy infrastructure to facilitate the new ruling So what that means is new regulations new regulations when you have Two-step verification not two-step here two-step Authentication we have to authorize yourself to go into the account companies are now going out to buy this So you're seeing companies like Amazon Facebook Google and practically every financial company is now requiring two-step verification Authentication and the reason why this is so important is this is very important because of Companies have to spend money into this world. So if a company out there Provides this service this put this put this puts them into a great position I don't know why I'm having a hard time speaking tonight, but we're going to get through it The other thing is take someone like me. Let's say if Let's say hey Prince Dyke's owner. He's a registered investment advisory out in Colorado We're hypothetically speaking and then all of a sudden the government comes out and says hey We're looking for registered investment advisories and we're going to donate a hundred five hundred five hundred billion dollars to these type of companies to Hold assets and do whatever right Now doesn't mean I'm going to get the money But it means that I'm in the position to capitalize off of making the money Now what does that mean as an investor? You can now see when the government starts to put out grants and they start to put out money and when big companies start to put Out money who are going to be the people that are going to benefit from it? Who are these cyber security companies? How can I invest into them? How can I make money from them? And this is how you do it by looking at companies that are in position that offer government contracts things like that How can you make money from those transactions? All right, so we're gonna do here. We're gonna take a quick break. I mean a very quick break We're gonna take a break. We're gonna come back more on companies that you can invest in Cyber security companies and seeing how this industry is taking over by using what President Biden said So we'll be right back stuff beyond the lines on think tech Hawaii I was the head coach for the Punahou Boys varsity tennis team for 22 years And we were fortunate to win 22 consecutive state championships My show is based on my book also titled beyond the lines and it's about leadership creating a superior culture of excellence and Finding greatness. I feature a wide range of amazing guests who share valuable insights about how going beyond the lines Leads to success in everything you do in life. I'm looking forward to you joining me every Monday at 11 a.m. Aloha Google and Microsoft Putting billions of dollars into cyber now we're early in the episode We talked about the importance of cyber security and we've also talked about companies that were being hacked by cyber security and You know jobs being created all those are the good things now the thing I look about with the thing I look at with jobs. I always look at jobs because jobs are very important Why that is the number one way to tell if a company is growing and expanding is with human capital when a company starts to hire people They're hiring people because what they want to do they want to hire people in order to Expand their company. So when a company start to hire people or industry starts to hire people That's when a little bell goes off my head to say, hey, you know what what's going on in this particular industry Because the first way to expand not always but a lot of companies the first thing they do when they started to expand is hey They may get a new secretary whatever the case can be They may put some more money to research and development or whatever But so I like to look at what companies are doing when they're hiring so the reason why I brought this up Let's look up the Bureau of Labor Statistics data The Bureau of Labor Statistics the data is the Bureau that pretty much tracks labor statistics Which is kind of self-explanatory if you look at the name of it But what it does is if it makes projections on jobs in the next 10 years in the next decade What would be the next hottest industry? What would be the hottest industry, right? Cybersecurity is one of them. So when I see this industry Continuing to grow and by the Bureau of Labor Statistics, it makes me wonder, okay Well, this industry industry is continuing to grow. What else is it? What else? What else is there to do as an investor? So when a company starts to expand they start to hire people like crazy As they start to hire people if it's done properly the more people that they have Means the more profits that they're going to make and if done right if money's managed properly Y'all know it's not about the top line of what you're making It's all about that bottom line about what you're keeping which goes on until I retain earnings on our income statement, right? So now as I can see income statements net earnings starting to grow and swell When you see so much money starting to grow and swell and retain earnings. What's next the company is going to look to expand It may be research and development. Maybe open up a new store. Maybe buying out other companies maybe Buying out other companies doing all type of thing buying back their own stocks buying that, you know All type of things to add value to a company when a company is making crazy Retained earnings and the retained earnings are growing year-over-year very hard to do by the way But the companies that can do that are doing that now when you look at the the one thing I like about The cyber security industry is that there's not a lot of heavy weight when it comes down to finances Chris, what do you mean by heavy weight? So for primary example was something I read in the book. It was a Financial book about financial statements and they said hey for prime example, let's say Ford every time Ford wants to make a new car Ford has to remodel It's entire factory Meaning hey, you know, we decided that I'm doing that for the F-150 you want to do the Ford f 250 if they decided to do the f the Ford f 250 guess what they got to do The new 250 it has to have this type of chip in it has to have this all these type of inside the plant, right? Versus cyber security Cyber security doesn't require a lot of heavy weight Meaning certain industries they require you to have a building. Let's say if you were Sears, right? Sears to have these big Gigant, you know, let's go to the movie theaters. That's been a hot topic later with all the short squeezes So you take something like a movie theater. It has to have all these big cathedrals I'm calling them a cathedral hypothetical speaking But all these big theaters they got to have all these big rooms that require lights water gas You got to have employees. You need popcorn. You need soda juice machine janitors Somebody got to deliver the popcorn. Somebody got a show the movie the movie got old speakers. That's a heavy lifting Versus the cyber security. It's a group of guys in a room guys and girls in a room with some servers It was access to a computer and that's it They type of incident reports tell what happened tell what how many times you almost got intruded upon how many times Stopped something all those type of things because guess what ladies and gentlemen, I'm glad you know If you listen to this deep in the show Something I always tell people people always love to say Bitcoin has value because it's decentralized Sorry about that Big Bitcoin is decentralized and it's unhackable Ladies and gentlemen ladies and gentlemen boys and girls and children all ages y'all tune in and listen to me very closely Anything that a man creates another man can break Just because they can't break it today They might not be able to break it tomorrow doesn't mean they'll never be able to break it But eventually if the man tries hard enough he will eventually break it Alright, so what I mean by this is this code when people write codes And it's a code we never seen before and everybody's like oh my god We'll never break that code. It's an unbreakable code. It always get broken. Some of me take Two years five years 20 years even 30 years But if one man has code is something another man can break it. That's why you think we have so much cyber security So when you look at something like crypto currencies and Bitcoin people say oh that's unhackable because it's on the blockchain and the blockchain is on this chain and Nobody controls it is decentralized. I'm like what that sounds good But as blockchain technology and crypto currencies get older and become more valuable You're gonna see more people hacking to it. I bet your bottom dollar right now. There's someone right now somewhere Trying to hack Bitcoin Just like somebody right now is trying to hack the Federal Reserve and Eventually they will win see what the Federal Reserve? They probably already have a cyber security team that every day is going in getting you know getting people out of their system Seeing who's on the system coming up with incident reports. They're making new systems So one person learns how to intrude enough then they make a new system to stop that a person learns a new code They make a code to stop that so it's this cat and mouse game That's going on in the cyber world that you don't know about because guess what if Russia decided to hack our System, why would we go out and tell everybody? Right? We heard those stories. So now when you look into the world of Bitcoin you'll be crazy to believe that this that Bitcoin will be unhackable forever For perpetuity that that would be a man made it. Yes, probably was a good program But guess what the technology that we're going to see in 10 years is going to blow our socks off for prime example You're talking about 30 years ago. You're talking about You couldn't we had cores on our phones. We was walking around with cores on our phone. We had house phone now today That's laughable 20 30 years ago. We used to get in our car and drive to a place and rent movies That's laughable Heck 20 30 years ago. We used to drive and sit in a place and watch movies now today That's becoming more and more laughable. Why is that? Technology and we have evolved Remember your car some people probably still got in the car. You put your kid in a car and turn the key in your car and drive off Nowadays that's almost laughable. Those are going away. Everybody's pushing the button to start nowadays So just think about how we're evolving Something that we thought was so cool 20 years ago is not so cool today And somebody had given you a coupon that said one free movie running from blockbuster 30 years ago Man, that was an amazing deal Now in 2021 you will have to laugh at them. So a technology that we've seen a day in crypto currency in Bitcoin now I'm not a You know, I had claimed to be the best in the world and on all of the cyber stuff But I do know this anything that one man creates Another man can break if they try hard enough and depending on how bad they want to break it All right. Well, we're gonna do a quick recap before I get out of here. We talked about the first thing was All these major companies were getting hacked. We saw the solar wind companies and we saw the oil pipeline get hacked by hackers So guess what this prompted the president to throw in a big Throwing up a big meeting from everybody from tech to insurance and say hey guys, how are we gonna protect ourselves? We are here getting hacked We can't have the oil lines getting hacked and the water lines getting hacked because a lot of civilian and private companies run those So it came out it came out that they they're looking to create hundreds of thousands of jobs in cyber security They're looking president Biden signing the law the two-point verification Meaning you you log on to your 401k plan you get a verification that comes to your phone Google plans spent ten billion dollars over the next five years and trained a hundred thousand workers Microsoft IBM Amazon was all at this big meeting and cyber security is becoming more and more important You look at the ET of hack HACK It is up so far around about 13 percent this year with a crowd strike at 39 and Fortinet at 113 crowd strike is the one that has had the momentum last year strong momentum, but it didn't have the finances for Fortinet's finances is Astronomical right great amazing you know The amazing finances the only downside was They didn't they didn't have that momentum The stock wasn't moving crowd strike just came in and just shout up to the moon Right, but now Fortinet is taking his jets off and so far this year is double the money if you'd have had it in there I wish I'd have kept some of it in there, but I'm not a man I'm not a I'm not mad at it because I make money off of it and cyber security is still here to stay So everybody ladies and gentlemen, that's gonna conclude today's episode. My name is Prince Dykes This is the Prince of Investment Into the next video podcast book cartoon or whatever it's crazy. You see me do around the globe. Peace be safe I'm out and thank you