 Welcome back to the Independent Investor Channel for an awe-inspiring Friday livestream here. The message comes through the airwaves to provide that incentive and motivation for those investors out there looking for a little bit of financial discipline, a little bit of stewardship. The irony in the whole thing is you ask anybody out there whether or not they want to have some form of financial security or some sort of riches in some sort of form, the results just don't speak that a lot of people are achieving that end. And I in no means profess to come on and have all the answers. I am also quick to say that a lot of the reason why somebody is able to garner some success in this life is based in no short order to their personal decision-makings. Yes, perhaps maybe a little bit of luck, albeit I would like to teach upon this subject without such a reliance on luck or an acknowledgement that perhaps maybe luck isn't the majority driver in what will determine whether or not you're able to make something of this life and the results that I speak of are staggering. And they're not results that are isolated just abroad or to those countries that are not with privilege or any type of advantage, which I consider the U.S. to be one of those. But the idea that financial success is only provided to those with opportunity would be irresponsible to teach upon. And it is my insistence that good discipline, good habits, you know, good adherence to a program, asking a deeper question of what you want to get out of this really comes down to paying attention and adhering to a plan over the long term. And you know, it's interesting in times like this where I've just done a major reshuffle in the portfolio with an idea of not only simplifying but streamlining the fundamentals, streamlining the accounts, yes, which is paying off huge. Guys, I really, really enjoy fidelity. And as I conveyed for many years over the Independent Investor Channel talking about M1 Finance, the very opportunity that I had to jump those portfolios over and I spoke about it, I've got Jared and the group here is a long-standing viper, very, very important person in the group here and channel. He's been with me since pretty much day one. But those fundamental pillars of earning a good interest rate, and that really is why I went away from my major broker, which was Bank of America Merrill. I wasn't entirely unhappy with it, but that was an aspect that in and of itself was worth changing brokers, and I'm glad I did. But for those of the loyal subscribers to the channel that have kind of monitored my evolution and the accounts that I've been involved with, you know, some of them have worked out okay. Most of them I've really done away with and have evolved to this place that I have now with fidelity. But I always said that I would utilize the discount brokers to establish those first financial thresholds, 10,000, 25,000, and then look to push them over into the major brokers to get that, you know, that higher comfort piece of mind, knowing that my money was tied up was something a little bit more reputable. And, you know, whether or not that is absolutely necessary to grow wealth, I always contend that the broker that you choose should satisfy your aesthetic appeal and ease of access to the stock market, and that is it. Okay. You know, to account set motion in any of the brokers out there, whether it be Fidelity, TD Ameritrade, Bank of America with the exact same asset, is going to grow at the exact same rate of return. In other words, the broker that you choose is not going to determine, you know, your success. So you're not going to insurmountably outpace the rest of the universe by making this pie in the sky or unicorn decision on what broker that you choose out there. But I'm happy to report out. I'm very, very happy with Fidelity. I like them. I'm making about $76 a clip on interest rate per month. I made it in January. I made it now in February. And I tell you what, those little bits, man, they really, really add up doing kind of an assessment to the portfolio. It's been a long, long time. The accounts are really doing well back up above three total accounts up above the six figure mark. And whether or not you have one account at a million or 10 accounts at a hundred grand, you know, the million dollar threshold would have been achieved. And we're certainly well on our way in monitoring that. With that said, the last four months of stock market investing has all but made up and then some for the horrendous market performance over the last couple of years post COVID. It's been horrible. And in retrospect, I've been through this during a number of different volatile times in the market. Brexit actually was one of those that really I can remember where I had a fairly sizable amount of wealth. This is when I first started. It really wasn't when I started YouTube. This was back in 2007, 2008. I recall around that timeframe, maybe a little later than that. But the mortgage back security crisis obviously was a good one. But not to suggest that we're not going to incur some significant downturns into our future. But I tell you what, I don't know if I've ever seen an equaled stock market that I have seen over the last couple of months. What is it that we're charged with taking away from the evaluation over the last four months? I think it caught a lot of people by surprise. I think with a lot of people's admission, they would say that they even missed this. With recession talks, even bleeding over into this year now all but just faded away and finally have subsided to dominate the airwaves like it did last year, never to come to fruition and 20% up year in the S&P really through a loop. And can we repeat that type of performance in 2024? I'm seeing some things in the broader market. As a matter of fact, the small roll off in the technology sector is somewhat telling to me in that there may be some level of either rotation or new money coming from the sideline here that is investing in the market. Furthermore exacerbated by I think the U.S. markets are as attractive as they've ever been as a place to be. Therefore bringing in new money to the U.S. markets and really attracting that I don't believe euphoric type of scenario. I think people are investing cautiously optimistic right now and some people still consider to be naysayers on this market and looking at a market that's trying to price in where we go in 2024. The reason why I give that synopsis is because I don't think that there's a lot of people out there that are studying financial markets or even interested in financial markets. If you subjected them to CNBC, it is the channel that I would choose to have if I was stranded on an island and actually had a satellite connection. If I had to choose one channel, that's what I would watch. I do watch it for the stock tickers and some of the commentary is good, some of it is not so good, but is it commonplace amongst the general populace to take stock, no pun intended, in their own financial future and pay a little attention to what some of the biggest companies in the world are doing. Very, very powerful companies I might add to be able to participate in the appreciation of these companies is just astonishing. Just 10 years ago, if you would have told me that we would have a handful of trillion-dollar companies, I would have thought you were crazy, but Nvidia just passed over the two trillion-dollar mark just today. That is astonishing in and of itself. Is it creating a need for some level of concern with regard to valuations in some of these single companies? Does it beg some level of concern with how top-heavy the S&P 500 may appear or quite frankly is, but attempting to try to pick out those winners in the stock market is also one of those approaches here that, gosh quite frankly guys, we're back in a market here for this isolated timeframe in the short to medium term that had you invested in any of the big technology names, you would have made some money, and most of my wealth has come really over the in the acute here by putting some pretty massive amounts of capital relatively speaking to my portfolio size, so I'm not talking about hundreds of thousands of dollars to work, but certainly tens of thousands of dollars to work in down markets when it was less if not altogether impossible to justify in in the socially acceptable limelight to say, yeah now's the time right now to start dumping money, people would have thought you were crazy, but again back to my point about why there aren't more self-made millionaires or self-made financial success stories out there, I think that people buy into the wrong stuff, I think there are soap screens, I think there are temptations, I think that there are temptations on the buy side that are too much for a lot of people to overcome to be honest with you, I think there are tendencies that people have based on upbringing, based on temptation, based on the short term satisfaction they get out of you know the purchases of items that don't necessarily get put to immediate work, but on the onset do kind of feed into that human psyche of always having to have something in the hopper to purchase and I mean you're telling me that Amazon doesn't make that any any any any difficult any more difficult to to kind of avoid, I love I love Amazon which is to put the convenience of spending right there in front of you I think is really really difficult for people and to get ahead I would suggest just probably 10 times more difficult than just saying to hell with it just throwing your hands up I think it'd be fun you know me and me and my wife we have kind of a joke a little bit between us it'd be nice to take my paycheck just one paycheck and just blow it all as quickly as we possibly can I don't I'm not really sure if we could do it because it would be in the face of some level of it would be in the face of a discipline that has stacked up for many many years discipline that I try to speak about that people need to condition and really keep really keep themselves to a hard line and in hearing to it certainly does govern how it is that you spend it governs how it is that you deal with credit card discipline it deals with how it is that you define below the surface how you utilize a savings account and a checking account back to my point about under utilization of those assets and right now pulling about a two six clip off of the savings it's dropped from the four nine nine that I told you as I anticipated that it would but you know my goodness I mean you're talking about an eight nine hundred dollar bill at the end of the year just based on current cash levels at over 41,000 that that's just idle cash that sits there I don't really have any intention of putting any of that capital to risk in the market it's an isolated bucket that I don't really look at as missing out on if I don't put it to work because I'm making that solid two six you know if I were just to go by BND the total market the total bond market ETF you know I'd pay a little expense over that and am I really going to make a significant alpha above what I'm making guaranteed interest in the savings I don't know it's a rhetorical question that I throw out there the group to consider deliberate around and and and certainly assist in you making your decisions about what account you choose and and what type of personality you put over that account you know I also don't want to discourage people I think sometimes when we do the live stream and we do it so frequently you know people will come in and they'll look at the portfolio review and they'll be like wow I I I hope I'm wrong in this that sometimes and maybe it's the same way when I look at a multi millionaire or a multi billionaire of course to acknowledge that I'll never get there okay it's the same mentality if you look at somebody who's financially secure let's say they've got a couple of million dollars or you know they're working towards some financial security and instead of having that encouraging effect it actually has a discouraging effect when people come in and they're like yeah my goodness you know I've went through this hardship and I went through this hardship is it is it too much for me to actually overcome and and even more so is it is it too egotistical or arrogant or naive for me to actually believe that I could could approach some level of financial freedom or financial security and actually look to achieve some level of that so you know these these questions we want to deliberate around when we're looking to define our you know our our financial fitness and you know trying to make sense of this whole gig I always try to give you my pulse to the market and I'm not doing a whole lot right now uh I owned a little token position in IVV in the Roth IRA I was up in it I went ahead and trimmed you know I look at it like this man I I probably could leave some money on the table or I could it could be a great trade today was the record high um to put some money to the side here is a habit that I have got into in taking those small wins in the stock market compounded by the fact that the number of injections that I have infused into my financial portfolio or program or however you want to call it is probably becoming abnormally higher than the average person out there that is attempting to get involved in this or is involved and thinks they are doing enough toward their financial future okay what I do isn't is insane it's insane when compared against the status quo norm that 20 percent debt to income ratio is actually healthy I think that's absurd I've said this before on the channel I have no debt I don't plan on getting into any debt and what small piece of debt that I've had over the last five years has just been recently paid off it's by nature of that small vein inside my program that I come on and convey that is in small part a contributor to the overall whole I see Matt money in the group here and I think Matt talks about this pretty often um he talks about the the the the true ability to um contribute at a level that is atypical I don't I don't know if there's a lot of people out there that are truly willing to make those sacrifices and commitments um you know I've known Matt now for many many years we've evolved together on youtube and he doesn't strike me as a guy that if he wants to have a little libation he goes and has some libation you know um I think it'd be kind of funny if he came out and filmed youtube and popped a can of pinto beans every time he did because he's invested all of his money in the stock market I think to the contrary it just speaks to the the the placement on the priority list that Matt's put on that and and actually shares and conveys that it's not two percent of his income it's not five percent it's ten percent it's it's significantly more than that I would challenge each and every one of you guys to truly do an evaluation if you're finding your way to the channel and you're wondering what the channel is about um we we talk about personal finance but we talk about personal finance how it applies to you and back to my discouraging statement about people coming in and sometimes they feel a little bit maybe that they're you know out of company or um maybe they look at somebody with financial wealth and somehow they have that financial wealth because it relates to the amount of intelligence that they have yeah I'm not really sure I I think financial wealth for me in in the majority of my capacity has a lot to do with yes the assets that I buy and I don't mean buying the perfect asset I actually mean buying diversified ETFs okay now I believe I could have garnered a significant amount of wealth over my life by doing so through different financial products mutual funds will do just fine indexes are eerily similar to ETFs I believe just the same that an indexed fund can get you to the promised land just as effectively as some of these other products okay a significant level of devotion and education has to come with this program if you are indeed going to endeavor to pick stocks in the stock market at and when doing so I I do some single stock ownership I've owned lots of stock over the course of of my life and really in a valuation of of that I do question in front of a youtube audience whether or not that is the scalable approach for the masses I contend that it is not I don't want to discourage people out there by buying Microsoft I don't want to discourage people out there from buying Amazon or Google which I think are really really screaming right now I really do especially Google Google's really sleeping I think and it does this it'll low investors to sleep and then boom you'll wake up and it'll be you know I think the stock has every every intention of moving throughout the course of 2024 and beyond beyond its current levels which has slowly grinded north for a for a nice nominal return I might add but not to suggest that those companies can't be bought they are owned I talk about this all the time indirectly through the indexes if that's what you choose to to do when you seek out your your exposure to the market but I was just having a kind of a twitter back and forth a little bit and you know talking about you know how things have transpired of the last couple years and some of the investments have worked out really really well you know one in particular didn't work out quite that well made a significant back on on the low end in the most uncomfortable place that the stock went in but the point of it and the point of the evolution is to look at what has worked and acknowledge the fact that the stock market is full of phenomenal companies out there and to get so tunnel visioned on one particular name is probably not in anybody's best interest and I I think for the sake of my audience the um you know the the the true focus on what is going to work for you over the long term is something that you can garner from the channel and I'm here to share with you guys sometimes the the best answer is the one that's the most obvious and the one that is the most right in front of your face so if you're not involved with financial markets and you really step back for a second and I I know there's a lot of people who will come with to me and say look I mean you're young you can afford to lose 10 000 you can afford to put that to risk with the idea that that 10 000 could materialize 5x okay and I know it's fun to think about turning 10 000 into 50 000 and that it's just so simple to do just to say it is so simple and there will be people that tune into the i2 and they're like dang Ryan said you could 5x 10 grand no you completely missed my point because the justification that you're young and can lose that money only takes hold when you do in fact lose that money and you're sitting on a 10 000 loss and you're looking at it like boy the 50 000 would be nice but I would just kill to have the 10 000 back at this point you know maybe I could have entered into let's say a just shy of a 25 share position on the S&P 500 and live to fight another day you know focus on infusing that asset over time I watch these passive assets and I tell you what I go back and I look at my cost basis on an ETF like the technology sector ETF that that small ETF with a relatively small amount of money has absolutely crushed if you took the same percentage and you hide the ETF itself and you looked at the year over year performance of the technology ETF people would think that you're just crushing it with some level of single stock ownership and only to unveil the whole time you've just done the sector outright and it's just absolutely performed phenomenal some other examples that I can share with the group VIG VIG I'm close to a $10 000 bill in in the ETF VIG runs at about just shy of 10% rate of return per year I just can't ask for any better than that now I own just over 50 000 in that one name around 52 I can share that with you guys but I have no reservation whatsoever in to take in an eight to ten thousand dollar bill at any given time and dumping it into VIG I have no problem with that but when you're looking at single stock and you're looking at a company that is has either either digressed on you you justify in your mind that it's a buying opportunity or the other side of the coin is that the stock has run up so so heavy do you continue to hold do you invest more in it up X number of percentage from your cost basis you're up unrealized potentially in that name those those deliberations I have come to realize and probably realized conceptually a long long time ago but just had to prove it to my stubborn self I think that those deliberations are quite frankly unnecessary and when we move away from those deliberations and teaching upon the hottest stock to buy and why the message becomes much more applicable to the grander audience when we start talking about fundamental wealth building that you know not just one person succeeds on and comes on to YouTube and sells everybody on a five thousand dollar course so you can come in and try to extrapolate or at least associate with my level of success you're not going to have it that success is done the stock market is not duplicatable like that it is not scalable in that nature in so far as I can find that you know connecting of the dots of that perfect you know winding road of stock A and then I go to stock B and then I go back to stock B and then I go to stock H and then stock Z and back to the starting point and I zigzag my whole life in and out of stock and build any type of of duplicatable program I just is it possible yeah but I think to spend any time debating about it or talking about it anymore guys I've kind of chalked up as a waste of my time and I think it certainly does define for me a list of to-dos and not to-dos for investors out there and I think it's much more impactful if we can revolve around those ideas that no matter what your level of expertise is in the stock market and I presume that there are a lot of experts out there that very few of them are actual experts some of which think they're experts and are not but I think for the majority of people out there that are interested in building some wealth for themselves probably don't have even close to what would be considered an expert amount of level in the stock market but my secret to be honest with you that I am dead set on sharing with the grander audience is that I don't think it's necessary and I don't think you need to have even an iota of expertise to grow significant wealth in the stock market and it's that very vein that we want to focus on week over week and that's exactly what we aim to do on the channel I mean take a short break guys I'll be back with you in just a moment Eric's great to see a man shaded lights in the house and Nancy Pelosi is the greatest investor all time well it is fairly convenient to know information before it actually materializes in real life it's as if you get to watch the race in the future and then you go back and you're the only one sitting in the auditorium and you know what car is going to win the race or a horse race or any analogy that you want to use to kind of understand what's going on here Nancy Pelosi strikes me as being a walking dumb box of rocks I hope I've offended somebody I really do she does not strike me as an intelligent individual at all and there's no way you can tell me that somehow now the results speak to the expertise there is no expertise whatsoever related with that it is knowing information prior to uh and investing on that information I'd love somebody to argue with me on that because that's what it is um we we are not ready to that look if you want to prescribe to Bloomberg and and actually pay for I think it's 20,000 20,000 bucks I think to get access to Bloomberg the power of information is incredible now here here's the thing let me give you a small example aduro clean technologies okay there was an article that was shared through my network today and I was fascinated by the article regurgitating recycling failures that we know to be true in the environment and know that plastic recycling historically has has not succeeded in the in the form and fashion that we have at least I was naive to it perhaps there were people out there that were seeking out the ability to buy products that had the circular economy mark on it or the recycling mark on it or they diligently took the green you know recycle bin from the kitchen every single day with their big pile of plastic I can't believe how much plastic we produce the reason why I share aduro is aduro strikes me as one of those interesting companies that would fall into that really really unbelievable and valuable information category that is being made prebi to a youtube audience that has had to pay nothing for the information but is getting the information nonetheless would that be information that would fall under a Bloomberg report absolutely it's one of those rare opportunities that the large institutions have not had a head start on retail investors and that's why my conviction is very bullish my position is very bullish and I think with the opportunity made possible through good information that's it is it my frivolous buying of the stock no it is my it is it is it my careless you know overexuberance with a stock that I hope materializes hell guys the technology has already been validated there's nothing that needs to materialize outside of taking this magical beauty that they have with regard to their technology and finding out how best to leverage it that's it okay once I start to see some physical reactors with the name aduro clean technologies on the side of it that of which they are garnering either revenues by leasing their technology which I think is going to be wonderful through their licensing model and or they strike one big deal with a big oil company shell was named in the article that I talked to you guys about that I read just today really kind of bashing the large oil companies or the large plastic producers to be more specific turning those out into the economy with really zero mandate or responsibility to take that material back in as opposed to allowing it to be subjected to the environment and start to be introduced to the food chain and that's the reality of the current situation really to educate yourself up on that topic and it's not rocket science it's pretty easy it's pretty common sense actually there's nothing in way of special knowledge that was necessary for me to look at it I looked at it and I was like okay this is incredible I start a small position in the company and as the validation has evolved over this over those last couple of years that I've been involved with the company this is a slam dunk now in the acute just like people come on and they want to suggest I can't get that I can't get this I can't get this okay Ryan's you know hanging out there's millionaires in my group for sure and that's fine too I'll never get there blah blah blah just like that unfair assessment in the short term of yourself there's an equally powerful discrediting of a stock that has not materialized yet the stocks close to doubled over the last couple of years that I've covered the stock you know I started covering it at that 52 cents unfortunately I lost the first 10 cents for an inability to pick up the stock and it was something that I actually conveyed with a lot of people seemingly we've identified those brokers and I think just over the last couple of years the stock has made itself more available to the grander investment community through awareness as well as perhaps some brokers loosening up others remaining the same Bank of America is very very strict on their pink sheet trading opportunity and you know is this effort futile it's yet to be seen is is it going to be an opportunity for those naysayers that would just assume all of our plastic end up in landfills and in the ocean and end up in the food chain in the form of microplastics I cannot see myself or anybody quite frankly that has half of a mind about them to be rooting for that end in other words look I can deal with a duro clean technologies coming out with an announcement to say look we don't have the goods our technology isn't the best which right now if you'd like to dispute the fact that they have the best technology on the market you're welcome to do so okay I don't think anybody's brave enough to come on and try to debate me on those terms because they do and and it's it's not even close okay there's not even anybody that's playing close to the level of technology that aduro brings to the table but let's just say for a second that they came out and announced that they don't have the goods okay this would be a huge win for all the naysayers out there all those idiots out there that have very little to no imagination whatsoever about advancing technology why because their singular objective is to identify a company no matter what the company doesn't matter if they are looking to cure cancer it does not matter what their agenda is as pure as it might be right a magic pill that you can take and stop smoking just given you an example right doesn't matter what the initiative is we just have a singular objective to see the company fail now that's not suggesting that there's people out there that have an agenda to make money shorting a stock but I would go so far as to suggest I was made preppy this week to some folks that just have no other agenda than to just bash a company for the sheer sake of bashing a company not really sure I understand in the goings on of my day-to-day activity that I could look to justify that type of behavior if I look at a company and it's not of interest to me then I can move on to the 10 000 other companies and that's just in OTC OTC quality markets and maybe even abroad and then you start to get into the major markets and it just doesn't it doesn't fit into that category of being anything productive whatsoever but hey I guess that's part of the fun for me is observing how different people operate how they perceive opportunity how they look at risk to reward I've just recently upped my position in the company and I think there's no better risk reward profile in my assessment of the majority of the stocks that I cover that it that resides in aduro clean technologies and unfortunately maybe fortunately well fortunately for me because it's going to make me rich but unfortunate that I instead of coming on and actually you know celebrating a good company celebrating the technology because it does work celebrating the fact that it has made a lot of people a lot of money instead of doing that I think will probably have to come on and fight the same battles that we're fighting now with people that again have a singular agenda just to take any name out there irrespective of the name irrespective of their initiative and what they do no matter how strong the management team is no matter if the company's upper management is buying the stock hand over fist there will always be those deter detractors out there and that my friends in essence in a nutshell is really the environment that we play in I'm not going to sit here and say that I wish it was like that or it wasn't like that but it is that's just the way it is and social media provides a fantastic fantastic outlet outlet for those people to come on and and and seek a forum for their rhetoric and that's just the world we live in and me personally I'm kind of entertained by the whole thing I typically pride myself on being an independent thinker so I typically don't put a whole lot of credence if any in the rhetoric that somebody else can gen up or especially having a better idea of what I need to do with my money better than me okay because I really don't spend a whole lot of time specifically telling you what you need to do or not to do with your money um that's your decision and I wish you all the best in doing just that pretty good group here let's get some comments my friends have you heard of mmtlp fiasco and your thoughts I apologize I haven't you got to give me a little more context on the live stream and then I would comment on it but you caught me at an interesting time I will comment a little bit on the investing and you know staring down this milestone and where I'm at in the wealth building cycle I guess for a lack of better terms I'm monitoring calmly I'm not doing a lot of maneuvering right now I'm certainly not heavy buy if I was going to be tilted right now rightfully so it'd be tilted bias towards selling and profit taking it the stock market's at a long time high if there were any positions at all that you would want to seek out any type of value proposition like I have done with the duro clean technologies and I've shared that openly I would rather own a duro clean technologies at a dollar than I would AT&T at 16 dollars that's just evaluating the opportunity cost of that opportunity and and and owning AT&T over the last five years plus has got me where nowhere all right five years from now with a duro clean technology I I can't allow or or or or hide the influx of my voice when I actually say that because I don't think it's going to take five years I think it's going to take I mean three years based on what the company's telling us but I think it's going to be within three years and and those of us who are looking and like Ryan it's the beginning of 2024 yeah but inevitably we're going to be turning the page on new years 2027 and I really feel like we're going to be evaluating a very different company if we're evaluating the exact same company today so be it or they haven't moved on any of the initiatives so be it I just can't see that with the amount of momentum going the reason I share that with you is I'm not making a whole lot of new speculative investments I have the one that I am most convicted on it is a space that I think what's going on in the stock market now if you think that the technology run is going to go forever inevitably you would be wrong in that assessment all markets go down all markets have their day and technology has rolled off the last couple you know I'm down in some of my big tech names week over week and that's fine I don't mind taking Google into a slight downturn but with regard to my total portfolio holdings I've raised some cash rightfully so and I just don't have an appetite right here outside of just monitoring my one speculative position going forward and I'm really I'm really well positioned to benefit incrementally from from any uptick in the stock from these levels and I'll report to you guys on how that goes you're obviously welcome to join me on the ride do your own due diligence on what you want to do but I think the conveyance of information is absolutely defines my responsibility to you as an entertainment venue and that's to provide you the most valuable information that's easy to digest that is fact-based you can go check this stuff out for yourself and if you don't believe that the company's name is a duro clean technologies or it's pronounced in another way please let me know or they don't have technology for recycling plastic they have technology for decomposing human waste then you got to tell me these things okay but I really try to seek out an angle of some level of fact-based reporting out and I really don't see any greater opportunity now and I love the fact that nobody else sees it I love it Jared it's great to see you my friend good evening to you hope all is well with you it's a hell of a thumbnail how'd you do that that looks pretty cool man says win Lambo I'd like to see you get one of course I don't know I'm a larger mammal too I don't know if that would be the most enjoyable choice for me Matt to be honest with you I really like my Tacoma I like it even more that it's paid off so I'm going to continue to enjoy that Ponzi coin 62 the world is insane wow it's like a really short comment but it's it can really really get me going I think this could be one of the greatest financial attacks on this country and we sit there and report out on it like somebody is let me use an analogy that's appropriate not inappropriate we are just absolutely stupid sometimes this has rooted its way into major institutions I would venture to guess that there there is very very few very few in the general populace okay not bitcoin experts not ethereum experts out there and they they are and they fascinating I've studied the topic myself I get it but I'd also consider myself in the general populace and if somebody can answer this for me please and not in a way that is jaded toward thinking that bitcoin is the next coming of Christ the utility of the coin and before you answer please I have a hard time wrapping my mind around an asset that just in the recent past let's say going back 12 months I believe that I could earmark a price for bitcoin a spot price for bitcoin at 18000 okay it might have been a little longer than that but it was not that long ago where bitcoin went from its current levels okay all the way down to 18000 okay so if I was that poor soul to use it in a way that I would expect the utility to define itself to me to be and that is to transact yes in a safe and secure manner I can transact with somebody in Singapore or Malaysia okay I think that's just fantastic I get it I still have a hard time understanding why I have to either suffer or benefit having made that transaction on the positive side of 62 000 or the negative side of 18 000 if all things else are relative okay cost of goods etc the transaction of whatever it is I'm trading for bitcoin or a service or bitcoin for a currency or whatever doesn't matter bitcoin for currency perfect example okay am I the poor shmuck that sold at 18000 only to see it appreciate in in value over the last 12 months to 62 000 yeah yeah um you know I've seen a lot in my life I think there's a lot of people out there that would blame me for not having the proper insight to accept this as commonplace in our society blah blah blah blah blah but I have heartache with owning cash I have heartache with owning stock and investments and in an imperfect stock market and I have my heartache with owning bitcoin I have my heartache with owning depreciating assets unfortunately for me and fortunate through my explanation my depreciating asset gets my ass from point A to point B to earn a living I'm not really sure what that kilo gold bar is going to truly do for me if I own it and have a hard time understanding why I own it by the same token bitcoin is the same if I bought the asset at 18 and now it's worth 62 is it enough in the utility to suggest that the asset is worth significantly more than what I bought it for outside of that I don't see a whole lot of justification for it and it does fit into the late Charlie Munger's explanation of bitcoin and Warren Buffett to suggest that you only own the asset for the idea that you can offload it to the next schmuck for a higher price than what you paid for it whether or not he's right or wrong I'm not going to get into a tit for tat on YouTube about but they do have a point series in the house good evening great to see you thanks for the kind words and thanks for hitting me up and asking me those questions man um hope I didn't discourage you but uh on that particular topic I'm pretty discouraged and Jamie's in the house and then Victor good to see you my friend very good got a good group in here man you guys for the few people that come in every Friday it's pretty loyal I like it it's nice controlled everybody's well behaved they sit back and enjoy the show for me it goes pretty quick so it's pretty fun I enjoy doing it I look forward to it GTN has 17 insiders bought much higher which announced the 8.08 dividend and doing many deals since earnings very cool thank you for sharing I take a mental note to those and I check them actually after the live stream so thank you thank you very cool stuff the pads in the house ticker that tracks Pelosi is NANC very cool Canadian net worth talked to two people just this week who are interested in leaving Canada for the sake of the high taxes so no no offense um I live in New York City and um I pay very little tax here even though the tax is outrageous you know looks like Helen has gone up are you still holding not not presently I'm not I sold on this last run up I mean it was a 250 percent increase made a significant amount off the base and I was glad because to be honest with you holding such a large position in that low recessed price and and and deliberating around the prospects of the company potentially going bankrupt the ramifications of a decision to significantly shift their business and having charge offs in the millions of dollars to unwind that old business coupled with the idea that the new business I'm not as bullish about I like the new technology I really do I don't look at it in the framework that some do in that we were lied to or we were misguided or or any of that I don't really look at it in that way I look at it that the business in and of itself has changed and where there was a lot more of a define of I still have the same bullish conviction about the need for EV over the road I still have that whether it be natural gas whether it be hydrogen fuel whether it be liquefied natural gas the technology is there I think we should be a little bit more crazy about about deploying that the major trucking companies have their thumb on this and and until there's mandates to suggest that they can't stop polluting the trucking space is still the number one polluter on the earth bar none nobody seems to give a shit so I guess neither do I right we both know that that's not true I think the initiative is just as good as it was before they put it on the shelf it's just that the cost of going to market from a small entity was probably futile from the beginning and was provided a hell of a story to come to market now could something radically change where they partner with where they bring it back off the shelf or just outright sell it altogether I don't know but the fact that my conviction has changed doesn't see me holding the company on less than weak fundamentals in my mind as opposed to having that strong conviction on the other side to pursue what it is that I originally invested in in the company all right I hope that gives a good explanation I like to keep that conversation to as little as I can I made really just a ton of money back at the at the bottom trading around that that low core because when the stock did start to move up I had a buy point at like 57 cents in a really really large position and I actually rode that up and was able to recover some losses whether or not the stock continues to go up as really a material as far as I'm concerned because just about in the last couple of months I've able to materialize a phenomenal base in aduro clean technologies it's just investing and money's money the companies are completely different but the money's the same I don't care if I make it in the s and p 500 or highly on or aduro or any other company that I own in my portfolio as long as I'm making that money I really don't care the vehicle that I use to get there and I certainly don't have an ego about somehow trying to prove I my buddy said at the best he said it was Dave I think on Twitter who was like it becomes really pathetic how people almost devote their life's work to proving people wrong or proving people right that are people that they don't even know haha I was right or haha I was wrong and yeah I don't I don't really know how productive that is I can't I can't justify that in any way but anyway we're coming down to the last minute guys kind of a cool just introspective tonight about stock market investing and you know I'm glad you guys stuck with it this was super fast tonight for me super fast it's been one of the most fulfilling weeks that I have had in a long long time both professionally personally it has been truly an amazing rewarding week I can't divulge a whole lot but I was feeling really calm to do the live stream tonight wasn't fired up at all not emotionally charged but hopefully you guys appreciated this little bit of twist tonight on the independent investor channel live stream so I wish y'all the best this weekend next week we will be back we've been doing that live stream next Friday and then after that we'll be taking a couple of weeks off I have a professional hop to make out of pocket and I will be unavailable for the following two weeks so next week will be the final live stream for a couple of weeks and then we'll reconvene toward the end of March so wish y'all the best guys thanks again for tuning in and all the support over the years and tonight on the live stream and we'll catch you in the next one