 As welcome back to the independent investor channel man super good to be with you guys we Continually put this message through on the channel here. I've been absolutely just ecstatic as of late It's amazing what a change of course in your life will do and that's exactly what happened We're really getting dialed in here. There's no doubt about it. I'm absolutely in my zone But for once a week we come on the channel here for you guys that are new to the channel would like to welcome everybody Been kind of spreading the word a little bit Meeting some new people both through the online experience and in passing and nothing becomes more apparent to me talking to people how Really unaware they are of the stock market. I think right now. It's a convenient time to be unaware of the markets I just had a colleague that they tell me it. Of course, this is not a good time to invest and I quickly said I would suggest going to work right here I don't look at times like this as a as a time to shy away from financial markets It's it's the opposite. That's exactly what I did. I gave her the term to One of those times where you want to embrace the volatility and and look to introduce new capital to the market from a dollar-cost strategy Because we're not investing for next week. We're not investing for a month from now We're looking to establish a nice baseline now and the question becomes with the market, you know rolling off seemingly every week It's this been atrocious and I'll talk about some of the things that Has helped me kind of weather the storm. I don't see any end in sight to hate to be at Debbie Downer but I've put my focus on other things and some of the projects have taken kind of a veer slight left and Some of the other pieces of the project I'm actually picking back up on and and interjecting a little bit more Frequently through the channel, which is which is great. It ebbs and flows but what a great opportunity to reach out to people and You know provide some level of support through what people are really struggling and You know struggle I use a little bit tongue-in-cheek and that I Think everybody's got their own idea of what true struggle is and I think it's easy to buy into and forget Where we come from and buy into why there is every reason Out there under the Sun because everybody is inundating us with this negative like we have to go into a recession It's a foregone conclusion We absolutely have to but there's a few things to acknowledge that are absolutely going on and they're not surprises They're not we're at a 40-year high on inflation. There's no surprise at all Why this market that's been red hot for many many years is cooling off right now Okay, now when I do an evaluation of the actual dollars and cents in the portfolio, which everybody is interested in I look at it and I don't think it's that bad. I don't yeah, it's digressed in value but I'm one of those investors that that can take the goods with the bads and It was one of those things where you kind of take it in stride when the market's just killing it It's going up every day For new investors that are coming into the market. This may not make a lot of sense to you and It's much much easier to justify You know doing other things with your money where maybe you get a little bit of short-term value out of I Think people really need to come around to the fact that Investing anymore is not one of those things that you do by choice I believe that you should be looking at it from the perspective of necessity. I really do Because I think people overstate the value of money I do in its purest form and that is the paper form, which I think is probably the most Unusable form of money that that you can possibly adhere to and there's so many people out there They just find value in going to work every single day grind in a way for to earn that hard earned form of money and Did they have a hard time segueing those dollars into a different forms a different Taking on a different You know kind of a characteristic and that's what assigning those dollars Once they come into your life once earned that you can reallocate those dollars to kind of take on new personalities And more specifically if you're looking to save capital to savings It takes on that personality if you're looking to segue your dollar cost average dollars into the stock market Then it takes on that form And and your aggressive investments, you know, maybe you're doing some debt consolidation now Now is a great time to do that and earmark some of those things but I think the greater evolution as an investor and really increasing your your money savvy for a lack of better terms is to become your best champion of your own Money and and not being afraid to segue those dollars into different forms and I think a lot of people get caught up In the day-to-day just earning and outflow earning and outflow and when the television Inundates you and social media inundates you to think that somehow your outflow in that process is somehow Compromised in other words You may not be able to spend at the rate that you've become accustomed to maybe over the short Past maybe the long-term past. Maybe you've been a spender your entire life Okay, and when in anything comes along and it suggests that that might be affected In other words, you're gonna have to pay more at the pump pay more at the pump Everybody's talking about it. I mean my wife got bitched at today at work for having to pay five cents for a bag five cents I it seems to me that the depths of patheticness cannot be defined and People will stoop to absolute insanity any more Trying to justify Why they can't afford a five cent bag now, I think it's kind of absurd I've been all over the country understand some places don't charge five cents for a bag other places do New York's a little bit different I'm so neutral in my in my application and I tell you I Spend the majority of my time in forward thought with regard to where I'm gonna be with regard to how we're gonna get there Instead of getting wrapped up in the short term and you know, oh my goodness. I you know, I'm really put out Just this week. I mean we had somebody come in and again. I told my wife. I was gonna use these two examples Talking about how, you know, the cost of medicine Is is is such that the government Promised them that they were gonna get cheaper medicines and that because they haven't got that That the customer actually got irritated at the counter And started to suggest that the government was out to get him and and that they owed this individual, right? And I just I don't understand why people spend their time stooping to new levels in other words Identifying how everybody else owes you okay Now you guys can believe what you will but I've always operated from the perspective of If you can't earn it yourself, it's not worth asking for or demanding in this life. Okay Identify what it is that you can do to get to a certain end and and that's a lot of what the independent investor is all about Taking control, right? I Can't even allow that line of thinking to enter into my my my thought processes I'm just not that I'm not that pathetic. I'm not and you guys need to get over this whole basic You know structure that could be compromised. Yes, gas is a little bit more expensive Food food is really what's getting to me Right the cost of goods are rising Real estate is rolling off. I see my my buddy Kyle in the house here passive income investor He's been on this topic and rightfully so it's been fascinating to cover I don't wish ill will on anybody, but I opted not to buy Now for those folks that opted to buy and basically won the lottery in real estate over the last couple years Fantastic, I know lots of people have done it I've made some money in my past with real estate and that's great a lot of what life is is timing and a little dab of luck and if you can get a little bit of luck it can Kind of help accelerate that You know that that accelerated wealth into your future I tip my hat to all those folks out there who've made a little bit of money in real estate right now But I would tread with extreme caution right now Extreme caution. I've said throughout this entire thing. It's been my number one fear now I knew inflation was it going to be a byproduct of the pandemic relief that was sent out to To patrons in this country business owners alike that were suffering they're suffering I my heart goes out to people that that had a hard time going through it. I was not one of those people. I wasn't I'm a prudent saver. I had money throughout it. I had money at the beginning of I had money after I would have just rather not took the money or had the money given to me If I knew that we were going to have to incur 40 year inflation at record highs because we decided to cut everybody an open check And this is the ramification for that and it was extremely predictable, but for me It's been about real estate and the new discussion about, you know, the the the automobile market I mean, there was a time there where my truck was worth more than what I bought it for brand new something's wrong there But, you know, I don't control those things and I don't profess to control those things I do just see it the way that The that I do but I do not dwell on that type of thing And I'm gonna talk about some of the things that have kind of helped me a little bit Remain grounded remain, you know steadfast in my program. Um, this has been one for the ages for me and You know to see amazon off 47 percent here is is a real kicker Because you know, I watched amazon for years and I was not an investor I thought, you know, it was overvalued. It was overvalued It was overvalued Took a strategic stab in the company finally You know after many many years of watching the company go down and lo and behold Again, it was the wrong time to enter into that and I tell you it's been a real sour ride Thus far for me, but um, you know, we're going to live to fight another day and we're going to continue to monitor the situation and and you know, hope for better days and You know, if nothing else has proven true over my time in investing Um, it has been just that in that I go through these times and I I come out of it on the other side And then I start wishing I would have done more. I would have bought more I would have, you know, worried less or you know kept my focus even more off the stock market during times like this because none of that helps none of it helps and You know the belief that you're going to come out of this stronger The belief that you're going to come out of it more poised and positioned in your portfolio To to to seek out that future wealth that you always profess that you're seeking and that you're looking to weather these Volatile times, you know, it's easier said than done after the fact it really is and and we've we've all been guilty of this But um, yeah, this has been a real driver You know, it seems like you've got it coming at you from all angles And uh, I always try to be a positive voice No matter what I lock in and focus on those things that matter in life And I would suggest that you do the same. We've got 41 patrons in here at the independent investor channel live stream I want to welcome everybody. Thank you so much for your time Thank you for coming in and and hanging out with me for a few minutes To talk about how we can at least strive to make some sense out of this market And maybe establish a better position today for a better future tomorrow guys be back with you in just a moment I got chase in the house man chase been with me a while. It's nice to see you this evening my friend another week in the books Um, you know, I just read that and I was like that is the way I felt over the last I don't know many many months and Look back at the charts now. It's noticeable in the portfolio that things have rolled off and um, you know, what to might to do Am I to throw in the towel? Uh and give up on all of this Work that's been put in Now, it's amazing the accelerated pace of the downturn and the slow methodical tranche upward when the market is um, you know, uh seeking new highs When things are are are are better. I thought things were getting better in the last report. Actually, I I didn't even read the report I knew because of the market reaction that It was not taken very well. Now today's market reaction. I wouldn't read too much into today's Relief rally. I really wouldn't because You know, if I was going to give you my pulse right now um, I'm I'm Slightly make neutral to negative on it and I'm hoping to be surprised to the upside. I really am I've I've learned over time that it What does that mean? It's just my instinct and up to strike up a discussion about You know, people are are really concerned right now and this beginning Trickle to real estate Has really got me concerned and it's got me concerned for one major reason People can't control their spending Okay And I would bid you all the best if you've got a mill mill and a half to two mill to go buy a house Okay, the sheer reality is people and their budgets are being stretched thin To enter into what they believe or or perceive to be the norm In a price point of you know, 450 to 550. I would stretch it to 650 That middle half a million dollar mark guys Not everybody can afford that okay And I I hate to be that person to come on to the live stream and suggest that perhaps maybe there was a lot of people That got overextended What does that mean? Over time I have been a steward and a staunch Um proponent of people making wealth or generating wealth from a single family home It's a wonderful way to make wealth. Okay The problem is That the the last two years in the real estate market people have really been caught up in this whole idea that somehow homes were going to run out and That they needed to panic by their way into a home that Perhaps maybe it was a stretch on the budget if it was not you can sink your roots into a specific location You could probably weather a storm now I am going to suggest that you may have to weather that storm a little bit With with a little bit of negative equity and if that happens When you're talking about a market, especially a pocket market that you've entered into at 650,000 You get a little hiccup. It's very very easy to be in hawk 125 $150,000 guys where I come from that's a lot of money and it's concerning and it's not so much concerning that people can't Beather that storm It's not so concerning that people can't do the right thing and hunker down And and and wait it out wait for better times My concern is the exacerbated effect over the cumulative in the market. That's my concern because where things were bananas and gangbusters and You know people had all kinds of discretionary cash people are pulling back on that and It really really affects people who neither participate in good or bad markets They do live paycheck to paycheck and that recessionary effect once it takes hold of the market Could really set up for for an interesting kind of prolonged plane I don't know how much longer the market is going to go down It seems like we get a little bit of momentum like we did today and the market just rolls right off again and You know my portfolio. I'm hard-pressed. I've got two equities right now I think I was looking at johnson and johnson and one additional That i'm up in I believe it was IBM Of all things Most everything else has rolled off And now when I look from a portfolio perspective and I look back with my lens and I start looking at the portfolio The dollars and cents of it Really do fall in line with where they should be right now in a market. That's just been nothing but crazy and It's really kind of unfortunate because you know new investors look at this and they think this is crazy Why why would I even think about participating in financial markets? I would suggest that any young investor out there that's looking at this and is somewhat skeptical of financial markets I think anybody that's looking at it and perhaps has An acute understanding or just a broad understanding of the power of the stock market over the long term I would suggest that anybody out there that has identified and segwayed some Surplus capital to put to work in an initial investing vehicle I cannot think of any reason in my rational realm of interpretation of entering into stock market investing Then did you do just that right here? Now i'm not suggesting that the market doesn't go down another five percent 10 percent And the people who just hurt me will come on and they'll say you're terrible ryan You're a horrible person right for really trying to help people But here's the thing going off of what we know now the market's off what 15 16 17 smp. We keep flirting really with that We were in absolute correction territory. I mean we've rolled off about 5 000 dowel points from the top Now one piece of silver lining is my look at the market over the last two weeks We've really stabilized at the low 30 000 mark On the dow the smp never got to where they were suggesting that it would go at 3500 Okay, it got down as low as 36 and a half and it never really got down to that What was considered to be the technical resistance and and what most of the technicians were suggesting that we would go to Will we go there? Boy, I don't I don't know it's been painful enough for me Anyway from the perspective of looking at the portfolio and not seeing it. I'll appreciate For for for many many years and it's you know, one of those things that We will live and we will grow together And it's super super difficult for people to truly understand that in the acute Over the next 60 minutes of a of a live stream that I come on and it's very very important for me to continue To footstomp the message and allow people to understand and just take a step back and say You've got a dollar invested in the stock market. Okay, I get it You could get some immediate gratification by taking a dollar And putting it into a pack of hubba-bubba Okay, you can chew it It's an exercise that thing. This is really freaking phenomenal. God dang those stock market people. They're all losing their ass. This is fantastic Sooner or later, it's going to wear off The short term effects are going to wear off Okay Maybe you make a decision to buy something else the short term that you can actually tangibly touch That's what a lot of people don't understand about investing is If I were to ask a hundred people what their definition of an investing would be I would get a hundred different answers And there's a reason for that Investing in and of itself is conceptual the very fact that we turn over the physical form of money with the Hopes and the idea that that asset that we buy now Forced dollars is worth more in the future. Okay. That's the very essence of investing But it is in fact somewhat Um immaterial and and it's very very difficult for people to pledge dollars to things that are immaterial in this life Okay, we can buy a car We can pay hundreds of thousands of dollars more for a house that's worth 450 and and and pay 650 And oh by the way pay the 30 or 40 or 50 thousand dollars of closing cost We can justify that all day Because I can touch my white picket fence Okay, and my neighbor doesn't have a white picket fence. They have kind of a faded gray picket fence So i'm the winner in the equation. Okay I stand the most chance of getting in hawk on that decision and by all intents and purposes It's an asinine financial decision socially acceptable 100 percent 100 percent Okay, you go you go girl you go buy that house. Okay, it doesn't matter get into hawk all you want It's all good. Now. You're going to get to tell all your friends that you're a homeowner Okay, which is something that's escaped me for the last four years or so and uh, you know It's the hope Of of realizing that dream. It's really kind of at the top if not the pinnacle Of of the dream that I have unfortunately with my employment and and kind of being owned and Dictated and where and how I do what it is that I do in the short term with my employment opportunity Um, I've got to be very very careful and very very close to the vest with the decisions that I make and You know for those folks out there that can swing it Um, I wish you all the best, but I tell you it's it's almost like we don't have any type of parameters of discipline And we we've lost that and and people think that they're entitled to to to more than maybe they're entitled to I'm not suggesting that if you think that you can't afford it and you can't swing it or you're willing to make Enormous sacrifices to make those things happen that that that you shouldn't take a chance I'm not in any way suggesting that at all what I am suggesting Is that people need to enter Investing into the conversation because there are so many things that are socially acceptable in the conversation in way of the forms of spending that we engage in That you would be silly not to understand it and talking about it now In what seems to be the worst period at least over the last 10 12 years in the market. Um, this has been pretty bad The pandemic low shocked the market so intensely and then it roared back It didn't have time to really set in for people. They really didn't okay We've had things along the lines 2008 2009 2010 was the time period where the last Real estate shock shook the market. That was systemic. This is not this is not systemic um, this was uh by nature of Two things I think a lack of of of uh supply So supply and demand. I think it was a mass movement that was uh stimulated by the global pandemic I think it was a restructuring of thought in the value of a personal dwelling and a and a personal sanctuary The ability to get away from A threat that we couldn't see in society and actually, you know Take place in that and people were really willing to pay up Um, I was sitting there the whole time looking at it and I was like there's sticks and bricks man They're not worth that much I was just had a colleague this we asked me about real estate I still think and and I've always thought that real estate is the best way to go Uh furthermore on the flip side the folks that are making all the money right now Are the strategic builders the strategic builders now that's going to roll off a little bit But I tell you what these cookie cutter neighborhoods, man that these builders are are cropping up with Yards that are measured in square feet and not acres Are making all the money Yeah, and the people who bought those homes for 650 675 thousand Because it had a really nice four thousand dollar slab of granite in the kitchen Are gonna Probably end up with a rude awakening and I would just suggest. Please be ready Don't concern yourself with it to the extent that you lose sleep over it Own the decisions that you've made Okay But there is going to be a lot of people out there and there was a lot of people who are suggesting that Homes were going to continue to just go up inevitably and I was like if history has told us anything With regard to the real estate market It would suggest that it does roll off and when it does it's violent and when people as a large conglomerate or a consumer base Of people who are shocked out of the market and have no confidence at all in the short term It it can have a systemic effect on the real estate market and I remember the last time we went through this and it was It was it was not not not nice The differences between the two times 12 years ago in the mortgage backed security crisis And this one now couldn't be any more different. I mean they are there's no similarities at all in my opinion Okay, I think this is just very very different I I think I would have actually been more tempted now than I was then To enter into a piece of real estate that I was going to keep forever As long as I had the benefit of time to wait out a potential downturn in the market So for those folks out there that have bought over the last five years the solution really is to hunker down Enjoy the property that you bought and you know, we make it a digression a little bit in values a little bit of rewracking I hope I'm wrong But I don't think that I am and and it'll be interesting to see how that systemic piece Kind of fits into the narrative right now because not a lot of people are talking about it Most everybody's just talking about the cost of goods and the inflation effect in the market And and and and more Obvious is the lack of consumer spending That's the key In in in driving any markets is to understand How much consumer confidence is out there in the market and right now the pulse of the market is pretty poor It's pretty poor Um, I I live here now in new york city and I don't really have a choice but to pay Overpriced for goods, but um, you know, we're doing okay. Um, we we live below our means. We were savers We have our whole life. So nothing has changed in our lifestyle. Absolutely nothing We still go out. We still do our thing. Um, we don't spend like assholes. We really don't We try to save we try to be responsible with our purchases and You know, it's really those big decisions that we really take seriously and uh The first two homes specifically that I've ever bought they felt really good Um over the last couple years It just has not been in the cards at all and and we've opted not to buy Whether or not that would be a long term Uh, uh poor decision Will yet to be seen it was just a decision that we made Neither to just suggest that they was right or wrong But um, yeah, you know, it's it's been interesting times, but uh, I tell you what I'd like to welcome everybody man Appreciate everybody making their way in for the friday live stream A lot of fun, man Got Helen. Helen is in the group here man. Nice to see you my friend. Great to see you Awesome. Helen's been with the channel for a long long time and uh, she's a staunch supporter of our message here Sometimes it's tough, but I look at depressed stock prices as a chance to get them on sale If they stay low for a little while just keep buying on sale Um, that is prudent. Uh, and and that's the attitude that we need to take You know, I come on the independent investor channel and I represent retail investor I do I have to the core. I am one. I'm not a big fish. I'm a small fish Okay, um, you know my measly net worth And and my my my blue collar work that I love and I I do every single day Willingly I get up at 445 every morning. I'm in the gym. I'm happy It prepares me for my day and then I'm ready to to seek out and and conquer my day Um, that's just the way I've lived my life and I absolutely love it But the retail uh application in the stock market differs from the institutional application and that institutions are investing Investors money. Okay As an independent investor, I have to be able to separate My emotions from my dollars to be a successful investor what I just said and if you heard me You'll be so much better for it. You really will if if you have 10 dollars to invest and it takes you Taking only 10 percent of that money one dollar And subjecting that one dollar to risk and putting the remaining nine dollars into a safe Invest vehicle like a savings account to allow you to sleep easy at night Not start stress about your investments To be proud of the fact that you are now an investor not a non investor And the fact that you've got buffered capital Aside enough to ensure that that 10 allotment to the market Is you remain steadfast on And that just speaks to go as deep as you need Right if you're sitting on ten thousand the exercise still remains the same at a thousand bucks If you've got 25,000, okay, and you're looking at it and you're saying, you know what I It is crazy Maybe I can just do a couple thousand or 2500 to the market Right And this is just the application when you start to look across the spectrum do what it is that you can do Okay Invest what it is that you feel comfortable investing and no more and if you come to a Dollar amount don't just invest that think about it for a little bit Okay, think about it Imagine yourself with that amount of money in the market in this volatile market right now because it's not easy Okay, it doesn't matter where you're invested right now. You're not making money Okay, all the big financial youtubers out there They should just be coming out and talking about Things i'm talking about trying to help people make some sense out of this deal Okay, you're probably odds are you're not going to lose everything that you've ever invested in the stock market Rather we will come out of this inevitably at some point down the future and I think it has its place to talk about that and As hullin is alluding to being a little bit opportunistic on this opportunity Reminding yourself why it is that you entered in the financial markets in the first place And adjust accordingly but but but making prudent decisions With your money for the good of tomorrow Not for the satisfaction of today. What does the day mean right? Chewing the bubblegum right Right, so kind of keep it in perspective. That's for sure. I appreciate you stopping by my friends. Great to see you again And then I I saw this comment come through actually right when I was given my shot out to chase Um, you know, who's a good friend of the channel, but this was a couple comments down on the on the comments board But we need to be more positive That's about as prudent as advice as we can ever ever have okay The issue is I'm I'm not naive Perhaps maybe I wish I was uh, perhaps maybe I wish I could be some of those people out there that uh And i'm a i'm a relatively happy guy. I really am but i'm also very intense You know, I I come with a little bit of chip on my shoulder and people relate with that they do Um, I'm willing to grind. I'm willing to try to outwork somebody. I work with people all the time that are Way smarter than I am But it's by nature of my repetition and work ethic that um, you know, I I can I can hang I can hang and I can be called upon with with that But you are absolutely right And you you don't need to just say well Be more positive that that sometimes comes off as cliche Uh, what I would suggest is that we continue to focus on those things that really do matter Okay, and you you can say okay. Well, how does that relate to the stock market? Okay, we'll talk to the stock market. I'm gonna tell you right now the stock market it matters It matters it does It's a it's a pledge to yourself That at some point in your past You have told yourself I want to engage in a wealth building program for myself How is it that I can do that? Okay, and it might have went really well for a while Until now and now you're getting a taste of the other side of the coin And I've said this many many many times through stock market investing anybody who's been with me through the history They get a holistic idea of what to expect in stock market investing And I want to draw a distinct Distinct separation between independent investing And those investments that would go with a financial planner. Okay Financial planners are still going to make their money whether or not they're off the markets are off 30 40 percent or 50 percent They're still going to make their management fees Okay, you take all the risk They still make the money now when the markets are going up They also make money And oh by the way you make a little bit too Doesn't that seem a little bit asinine to you? now I don't do that anymore I do not subject my money To the umbrella of the financial planners. I don't care who you are. I don't care As an independent investor. Yes, my dollars are digressing as well. Okay But the sheer fact that for every dollar per dollar That financial planning money would be paying to fees My dollars are only digressing that those dollars are not subject to the fee structure. I'm not charging myself Okay, it's the beauty of independent investing is that every hard dollar earned and pledged to the stock market Gives me that ability right to take solace In the fact that over the long term Yes, my portfolio will fluctuate just like everybody else's there is no perfect Portfolio out there that's just going to magically Perform for everybody out there perform just for you And you can come in and say I got this man. This guy doesn't know squad I'm here to tell you nobody escapes from stock market In markets like this nobody It's fun to come on and pretend that you've got all the answers and that you've got the way forward And that you want to share said way forward for the thousands and thousands of people out there That want to seek out that way forward and they want somebody to tell them what that way forward is I'm here to tell you that none of that exists until you are willing to look inward And find that course of action for yourself. It's probably not going to happen to you Okay, waking up every morning is what we should live for Life will continue no matter what inflation does totally This is an investment channel. So I only mention those things because I'm not surprised now at the effects of inflation They are very real and I think there's a few systemic things that don't get talked about very often And I do believe that they are they are kind of glaring right now, especially with real estate and in the sub market For the used car I think that got really really hot really over inflated for a while So that's the only reason why I suggest that those things are going on when things are positive and hunky dory Trust me. I don't get pom poms and come on here and dance around for you guys You know and and start throwing crap against the wall because i'm so happy and ecstatic My tone is somewhat the same It's somewhat neutral, especially when i'm talking about the stock market application And you'll see and I suggest that when times are good. I suggest look wait until things are bad I'll I'll be the same guy same guy I just have a premonition that a lot of investors out there Come into the channel and they seek out this message for a few minutes because I think a lot of people Need a little bit of help and a little bit of motivation. I think it helps. We will all uh, we will adapt our circumstances So remain grateful and it's key. I was just talking about this today Again with a colleague about the differences in cultures and you know, what people value and and uh, you know How people sometimes put all their eggs into one value basket and you know If that gets affected then they get affected really really bad I value a lot of things in life and a lot of things that have absolutely nothing to do with the stock market I'm at peace right now. That's for sure. I'm in the best shape of my life. I'm I'm in fabulous shape Um professionally, it's never ever been a better time for uh, lil ryan that could man I'm I'm an engine right now that's firing away and I've got a head of steam. There's no doubt about it Um, I'm very very calm tonight cool collected on the on the on the i2 Um, you know, it doesn't make for a very riveting product I I actually enjoy it a little bit more when I'm all fired up and yelling and screaming and having a lot more fun but Yeah, there there's certain aspects that are going on right now that are just absolutely fabulous absolutely fabulous and um You know the older I get the more appreciative I am uh on those elements And then I come back to the stock market and I'm like It it still is what it is. It doesn't it doesn't define you You define it You take control over what you want out of it Right, you take that control at any cost never ever allow Your money to control you and uh, I've had a few people reach out to me and a little bit of that's going on where This may be not what they signed up for Even though there was some fair warning as to What to expect in in market investing and and and and it's like yep. Yep. I acknowledge. I'm good. I'm good, right? I I I gotta get involved and I gotta do this and and and we introduce them to the markets with some Some scale that I speak about the discipline I've had in the 10 000 and only do in 20 percent of those dollars to the market holding that capital on the side and still It it it hits people hard. It's it's a psychological blow to them To to look at their dollars and say man alive, you know, I could have bought a lot I could have bought a lot of hubba bubba with that money Um, I I'm disappointed now. I'm going to sell everything and I'm going to go buy hubba bubba, right and and I'll be happier All right, I'll be happier. I'm going to stop watching the independent investor channel because he's talking about investing in all markets And remaining calm cool and collected The cool thing about it is we come on and we talk during the live stream for 60 minutes about what this all could mean What this should mean for you? But in in all actuality Some of the strategies that I would suggest is not paying so much attention to it during times like this I pay a lot of more attention when the market's at an all-time high Um, I I'm typically one to do a lot less buying When things are um when things are up. I've been doing a lot of buying guys Yeah Pony up Yeah, I've been doing a lot of buying they increased the dollar cost average schedules made some strategic injections into the market Um, I've increased my contribution to the tsp. I've done all that over the last year and um Has it paid off? As of now no no Am I investing to have that validation now? No, of course not. Okay And I think you'll see the remnants of that of that plan pay off down the line Whether or not it's six months down the line or a year or two years or five years All of those scenarios are still within my target date to retirement here So all of those are a win Invest a win in down markets and up markets Okay, and I'm not going to suggest that there haven't been a few lessons that have been learned over the last couple years For me specifically in my application. Uh, if nothing else, I have a re fortified my belief My sincere belief in passive investing Yep, the use of ETFs and index funds where they were kind of A kicking stone I think for a lot of people out there some youtube channels specifically as well As far as you know talking about How boring it is or how it not being the way I tell you what the ETFs and index funds right here have held right in and if you just owned the markets right here owned them You could take on more of a philosophy that hullam has suggested in that look That's your barometer. That's your gauge to the market if it's off 17.56 percent Well, there you go. You're getting a 17.56 percent discount on the markets And therefore you can inject some strategic capital But when you're all over the place and you're taking 40 50 60 percent downturns on single stock that You know, you got over zealous in and and thought that they were really going to go up Your small piece to the index really doesn't doesn't doesn't shape up when You know, you've got those huge losses on the other side and all you can do is just wait those through And and and that's probably the most prudent thing to do making moves right now in these markets Is is anybody's guess and I think the prudent move is to probably deploy a little bit of Of prudence in your application. All right, so surviving the game thus far Surviving. Okay. We're in survival mode Um continue to fund I talked about that a little bit It's a piece of my playbook that I've kind of given you open my man continue to fund Um double down on those things that you know are going to pay off. Okay I come on the independent investor channel gets Misconstrued all the time that people think that because I do youtube. I'm rich. Okay. Not the case. Not I'm not rich Okay, I I share my portfolios with you guys. It's uh, uh, probably better than the average bear Okay, but for the concerted effort that I make to get to that end Um, is it worth it? I don't know. It's worth it for me. I wouldn't suggest life or or you know I wouldn't imagine life any other way without investing. So it's a great great thing. Okay But I put double down on work and for me Really the backbone and I and again, I don't want the misconstruence of people thinking that I invested my way to millions Um, I have positions now that if they materialize good very well do that That's fine. Uh for a guy like myself who comes from the dirt Uh, that'd be pretty impressive actually to be able to do that I know either slow playing it with my career i.e working hard at work. I can get to that end Um, I'm just doubling down on a couple other strategic opportunities and and taken a shot taken a shot If it ends up great, you know, if not Okay, I've got other things that I can focus in on and that's exactly what we're doing right now Am I seeing an immediate payoff to that hard work that's going in right now? No Do I Presume that at some point down the line that work will pay off. Yes, I do But if nothing else it's taking my focus away from The the the stock market and all that craziness to be honest with you. I'm a pretty happy feller um The term hunker down You mean something? Okay, don't get steamrolled every time something doesn't go your way. Okay This is what I've done videos on and I don't know how they're taken by the audience. I don't know It seems as if I'm being judgmental, but man a lot people need to toughen up a little bit They really do It's like they get a little bit of adversity and they blow over like a freaking fart in the wind. It's crazy Fight a little bit Hunker down be a little tough All right Identify those things that you're gonna do to make it a good thing not a bad thing Don't be so negative all the time, right? Right hunker down. Okay. Super important. Don't get caught up in all the rhetoric I know people are talking about gas prices out there making it possible for you to I don't know fall on your face all the time and and and your life is just going all of the sudden The end begins the price that the pump is so outrageous, right? Okay The price that the pump is going to cost you a few cents more That's it Keep it there Keep it in a box. That's what it is You don't have to lose sleep at night You don't have to get into a fight with your spouse About an expenditure that they made because you don't have enough money to make make it work at the pump It's just cast. Okay. It's all good Put that check into the car because you got to get to work. That's it. Don't worry about it. All right. It's a sunken cost I'll worry about it All right, if you have a hard time putting food on the table because of the gas tank It might be partially because of your perception of how Maybe egregious The high gas prices is right now and maybe you can just throttle back like that Take a little more diplomatic diplomatic approach to this thing like I do Effet Effet It's just fuel. It's all good Fuel's not going to dictate my life. It's all good. I'm going to put it into my tank and that's it. It's that simple all right Another strategy that I've deployed is don't look at the portfolio. This seems like somewhat of a cop out a little bit But there is some benefit to it There really is if you get caught up and you're staring at the stock market all day me personally I'm a fan of the stock market. Um, I've been monitoring my portfolios for quite some time I don't remember the last time that I actually went in and bought a block of stock I'm dollar cost averaging my m1 finance. I increased that to a weekly funding schedule I'm very aggressively Dollar cost averaging and that dollar cost average guys for a guy like myself at a half a million dollar portfolio 125 dollars a week Massive scale down right, but I'm doing it more strategic and more often. Yes It's an idea. It's an idea Ryan talked about on the live stream. Maybe increase in my my contribution schedule Maybe spreading it out What if we go into a little bit more of a pro longer a sideways market for a while You want to be funding that market you do and I intend on doing that Okay, market goes back up. I'll throttle back on those Those and I'll go back to maybe a bi weekly schedule Maybe even a monthly schedule at a hundred and a quarter. Maybe a hundred dollars for for the portfolios Okay, but just some ideas there. Um, we want to remain focused I talked about that a little bit in the summary man You want to remain focused on the future and you want to remain focused on your plan? I like at my portfolio and I'm like I couldn't have built it any better than this I couldn't have it's it's not my fault that 3 m is off 47 percent right now 3 m is a phenomenal company. It's a company I want to own And and that's just the way of it Johnson and Johnson is a fabulous company visor Great company. I own great companies. These are companies that I want to own into the future Right now is not the best indicator Of of your investment decisions. In other words, you can't look at it and say gosh I'm a bad investor because in the acute I'm looking at it and it's down. It's not like that Don't beat yourself up about it and have some faith in your plan when I talked about being an independent investor That's very very unique In this world and you can take some solace in that you really can all right perspective kind of goes with focus a little bit, but I don't mind just acknowledging bad times. I know there was a comment that said, hey, we got to be more positive I totally agree My acknowledgement of bad times and you guys need to understand this I'm wired for business Okay, business is floating through my blood. I don't get emotional about business I don't get emotional about stock. Okay, it's pathetic to be honest with you If you want to talk about emotion, I get emotional with my kids I get emotional with my wife. All right Use your imagination on that one Not the stock market. Okay. I don't make love to the stock market. Okay. I don't manifest over the stock market I don't stare at the stock market and try to hope it higher I don't do that. Okay. I took the position in the stocks majority of my stock portfolio is either passive in nature, which is The easiest way to investing The dividend stocks that I own are paying dividends every single quarter. No problem I just released my video this week on the 400 dividend portfolio every single day. I wake up $6 7 of a dividend payment in there. There's only 30 grand in that account only 30 grand in that right now It's about 97 holdings in there Fun way to invest. It's making money. It's doing exactly That fundamental element of paying me while I'm off working doubling down on that aspect of my life I'm okay with that. Okay. Those companies aren't going anywhere. They're not going anywhere The river would have me suggest that the world is going to hell in a hand basket And then I need to liquidate everything and start, you know, preparing my prepper bunker I'm just I don't think like that. I do think positively But when it comes to business, I have no problem with it. I'm acknowledging that right now things are not good They're not good and and the portfolio has rolled off and suggest just that okay I made a notation here to keep it in check. This is super important You've got to keep this opportunity in check It seems to me that the more money that you get The more you can be susceptible and the more Important it becomes to have that mental conditioning. Here's what I mean If somebody comes to me and they said right in the stock market, it's really bad man I'm down 30 percent to my portfolio Like wow, yeah 30 percent. That's that's something, you know, everybody's kind of taking it on the chin right now And and they're like, yeah, you know, this 300 it really hurts And I'm like, well, what do you mean, you know, it's like, well, I had a thousand dollars Invested now I'm down to 700 Okay I'm gonna try to be above board with this You have got to keep some relative perspective on this If you are crapping your pants because you're down 300 right now How do you expect that you're gonna act when you're down 3000? And you've only had $10,000 invested in the market Are you really setting yourself up for greater than average wealth? If by the time you get to a hundred thousand dollars of wealth and the market rolls off 30 percent and you're down 30 grand That you're gonna go on tilt pull everything and go buy a bunch of hubba bubba right um You have to have a relative perspective and the plan has to mean more than the renderings of that plan at any given time Okay, what I mean by that is I go back and I look at my portfolio five years ago It's doubled in value doubled, but I look at it here in the acute and I'm down Multiple 10 thousands of dollars of blocks now. I have a sizable portfolio I have stacks of hundreds of thousands of dollars. Okay Now am I willy-nilly enough to just say, yeah, sure. I can just lose a couple of those hundred thousand dollars I I don't want that to happen. I don't and I don't I don't believe that it will But might I suggest this the damage in the stock market? May just be potentially getting to be exhausted I could be wrong. I could be right. Here's the thing If I go back on the charts I've said this on most of the live streams throughout this downturn If you go back and you look at the highs from january of 2021 That my friends is where the market started to roll off right there January of 2021 Okay no way Nobody in the right mind would have called that nobody because we were coming off of this is incredible We're making killer money. We're making tens of thousands of dollars every single year All you got to do is buy whatever it is out there that people say buy and you're gonna make money It doesn't even matter Fundamentals never mattered fundamentals always mattered, but it didn't matter during that time and buy whatever you want It's all good. Just made money started to roll off then okay And I really think it's important to kind of keep this thing in check a little bit And and make sure that you're you're living to fight another day. All right We talked about what the definition of invest is talked about it being somewhat Intangible in nature people have a hard time resonating with the idea of investing because it's like what? Look, if you had to give it to Eddie Murphy if you had to give somebody, you know five dollars You'd be pissed, right? It's like that's my money. God dang it. It's a good thing That's half of what I was a third of what I work for in the hourly wage. I make 15 dollars an hour That's 20 minutes of work right there man. God dang it. I'm pissed this sucks They carry over the same mentality when they look at the stock market and say, you know what the hell with all that You know, I talked to junior or or or or or fredrick, you know, he said he lost everything So therefore I'm not going to do it either right Have a hard time resonating with the term invest Might I suggest that you change your terminology and consider? Building wealth over time. Okay Build those dollars man stack them boom boom boom one at a time those dividends that are rolling in six seven at a time Almost every single day now. I'm setting myself up for a future run at that million dollar mark And right now it doesn't seem so indicative But I tell you what when this market does turn and inevitably it will turn Okay, it's going to be very very apparent Who's got the pulse of the market on what to do during volatile times? And who doesn't it's just that simple. Let me take a look see and see what we've got here for questions I really appreciate you guys Pruised down to the bottom here. We're gonna ton of people in here man. Thank you so much Really appreciate you guys. I was very calm in nature. I'm very fired up. We're gonna go for an extra 10 minutes tonight And and that's just what we're gonna do. We have a little bit of fun with it. Don't think people understand the data That's gonna pull over a year Um That might be true. I think, you know, everybody's focused on the data right now Like I said Nobody was really talking and nobody's talking about the the debt load as well Maybe contributing to the inflation factor But It's convenient to talk about those things now kyle because it buys into a rhetoric That that that everybody's waiting to hear and so people are consumed by it And if people can be fed what it is they want to consume There's a lot of money there to be made my friend. There's a lot of money and then you digress from that and you start to look at it and say Yeah, okay, these real things are going on. How does it affect me? You know, I'm still going to buy gas Right. I'm still going to invest. I'm not going to not invest Okay Um, you know, if I need to buy a house right now and I just so happen to buy into a high market Okay, I can live with that. I'm not going to not buy a house You know, if the market's High I'm going to buy the house because I need a place to live and and you know If the timing is just a little bit off. That's a risk that I'm willing to take But I think that's smart. I I think we need to You know offer all kinds of different opinions that can just help people kind of weather this a little bit I I don't The data is always of intrigue to me But I also would suggest maybe that there's a lot of people who just don't care about the data They they don't care. They just want to build wealth for their future Okay, and whether or not they're going to look at the cpi or whether or not they're going to look at the inflation rate Or whether or not they're going to sit through Jerome powell who is phenomenal if you'd ever sat through alan greenspans Delivery back when he used to give his fed delivery You would have thought he was speaking chinese and every word that came out of his mouth was english Right So, you know, I don't I don't know I don't fault people in not having the interest and especially not having the interest in so far as being able to You know to glean from those statistics where we could be heading into the future But um, you know You know, you can kind of coin your own personal program to be able to be um A lot more appropriate for you as an individual based on how much involvement you want to have So I think that's a really smart statement. I really appreciate you stopping by you're probably kicking off your live stream Stay tuned you kick over and and support these guys in their live stream as well appreciate them making their way in here Very cool stuff. Uh, mitra date the cure is for gas station owners to lower prices as joe No, no, I don't yeah me and you both disagree with that that could be Uh, anyway, I'm not I'm not going to go down that road. I really could it would be really funny if I did but no That's not the solution at all. That's not Nobody seemed to be complaining when uh oil just three years ago was was trading below zero You know, it's like and now it's high and we wonder why Look at the price and demand Look at the fact that we are exporting everything we have right now and we're failing to identify The very need of maybe taking care of our own at this particular juncture. I don't know. There's an idea for you Yeah, very good stuff. So it's a very good stream. I don't know. This was a little bit of a sleepy stream for me Um, I can't regurgitate that energy that I have most fridays where I come on. I have to have a whim of energy I'm actually very very very tired after this week. I'm very very drawn down and looking for some chill time I'm going to go finish alone The new season of alone after we're done with the live stream But but it's super important for me to come on and give you guys my piece on this man financial piece Is a very important aspect. I it it is shallow. I get it, but it's very very important Man, it's a means to an end into your future And we have to continue to footstomp that for people man Because I think that there's anybody out there that can sit across from me and be like, wow You know, maybe this guy's hard to follow. Maybe I disagree with some of the things he says Um, you know my house, there's no way my house is going down in value So I disagree with him But at least he's passionate about the message and trying to reach people and you know Really trying to say it's okay, man It's okay for individuals to stand up and say I can do it now. I want more out of life I've posed the rhetorical question and this really speaks to my heart felt um idea that when I start to um Get a little bit complacent in life. I feel like I'm I'm slipping boom boom boom slipping and and that's how Much I feel like I need to be on the bubble to get ahead That's how aggressive I am super aggressive And I wish I saw more aggressiveness in people. I really do. I I don't think life Needs to be complacent all the time. I don't I'd like to see a little bit more Ferocity, I'd like to see a little bit more fight out of people I'd like to see a little bit better work ethic out of people whip that ass. It's all right All right Don't be such a baby. Don't be such an entitled pussy all the time. Okay Stand up and whip some ass every now and then. It's all right You might find potential in yourself that you never thought you had you know all right All right, you might define who it is that you are how do you expect to define who you are if you've never press and Press the limits of who you are How do you know? I'm continually looking to press and define that for myself and I tell you what I I do give myself some kudos Because my friends I can't press there's no doubt about that and I can press in such a manner that makes sense for not only me But it makes sense for you guys too and a lot of the reason why I come out with this project is to let people know and and try to strike at the very answer that I seek of Can people go from nothing to something in this life? Are people predestined to remain? Desolate in life who come from sheer desolation Is that is that really what we live in? If so Where's the hope in that? Can you can you work hard and get ahead in this life? Pose that to the group and you know what it is that you're looking to adhere to Are are you looking to get lucky in life or are you looking to to work hard? And and try to pursue opportunity. I I don't have those answers for you I merely suggest and and and and and pose those rhetorically for you to visit And try to seek out those answers for yourself because that's that's what I do. That's what I try to do anyway and and I'm absolutely not perfect, but I tell you what we're we're going to continue to try to get ahead And try to make it it'll be it'll be awful interesting To to get to that impasse someday. That's for sure. I got my boy ricks in the house. He says you will be Be greedy when others are fearful. Yeah, absolutely That's good advice right there man for sure Well, we're going to go ahead and wrap it down guys You guys know I've been putting out some very very frequent content for those of you guys that Um Have been with me a long long time. I'm putting out some killer content right now. So, uh, it's your treat Um, I'm I'm kind of in a zone right now. I'm I'm producing some very very consistent content It's simple, but it's very very important and it all strikes at a message that if you listen to it You will be better for it. You'll define risk tolerance. You'll understand that Building a multiple portfolio Of accounts with different strategies Might work for you and that it's okay to dare to layer up It's okay to seek out more Do I believe that people can get ahead that don't come from means? Do I believe that it's possible that people without means can actually end up somewhere special in their life? Do I believe that rich people are the only ones that are going to end up inevitably being rich? No, not at all Not at all and i'm going to continue to beat the drum For those folks out there that are working to get ahead that are working to wealth build that are looking to fund their program slowly Over time Responsibly they're looking to cut their budget They're looking to hunker down and dare I suggest maybe fight a little bit in this life Guys, I appreciate you tuned in and man We'll be back next friday for the independent investor channel live stream past to 60 minutes on youtube Appreciate each and every one of you guys. Take care of each other. Take care of yourselves and we'll catch you next week