 I take this opportunity welcome everybody to the Friday night live stream My name is Ryan welcome everybody to the independent investor channel live stream this the fastest 60 minutes at least for me I don't know. Maybe it feels like a slow poke for you guys But what an awesome opportunity every now and then I'm reminded how special this opportunity It means a lot to me to come on and facilitate this live stream some really really good friends, man Honestly friends that I would be loyal to Outside of the social media experience as well And I think it has a lot to do with us coming together on a on a common topic You know tonight I'm going to be talking a little bit about how important it is to try to distance yourself from this this paper chase this paper game that We're you know always trying to pursue I know there's a lot of hungry people in the audience and if you're new to the independent investor channel live stream You'll get a sense of extreme motivation from me I don't stop pursuing So I think that's why a lot of people may come together and if they they lack a little motivation or incentive You know they can come into a great community hear it from me foot stomp the opportunity that's available now We're gonna roll out the portfolios tonight, but I'm gonna give you a few things just to take away You always get a few nuggets from the independent investor channel live stream Honestly, I always try to deliver the goods. So you're always trying to think what what is Ryan talking about by breaking Away, what's he talking about by you know the paper chase? Unfortunately being some of the biggest influences on people especially across the social media landscape and I Really want to keep this community on the high road. I really do. I I I want the project to grow I do I work really hard at this project. We're rolling out and new initiatives every week I've rolled out the M1 finance experience Which was an all-a-cart option that I've wanted to roll out for a long long time Because there were people out there that were hitting me up all the time asking me Hey, is it possible that I sit one-on-one with you on a tutorial and you can always find those Opportunities on the independent investor group calm Okay, right now. We do not have any sales going on right now. It is a regular price Which is an absolute freaking drop-down steel. Okay, because now since the sales have kind of dropped off since the holiday sale That should build some interest to going into the spring and the summer Which I'm going to run a 30-day special this summer. That's it and I'm going to cap it again for the holidays That's just the way I do that It allows me the time to focus on the good Members that have opted into the group the viper group shot out to all the vipers I'm doing multiple Z meetings with these guys So if you've ever thought about the opportunity and thought about hey, this sounds intriguing But I'm not sure what it's about. Maybe you don't want the chat option within there. Go on there check out those options I've cleaned up the independent investor group comm website Thanks to Kyle with passive income man. That was the year of 2020. That was the website building year And I've got him to forever. Thank for that project Because it's come to a spot where I'm really really happy It's a one-stop shop for everybody to come on there and say hey if I want the elite service If I want to get part of a forum that are constantly talking stocks guys We're constantly doing audio casting. We're constantly talking to our group members Trying to give that little bit of incentive that little bit of life coaching and I think in some form or fashion It's not always like hey, what do you think about this doc? It's always like hey, I'm thinking this or I'm thinking that or hey I've got a business What's the best option over here and you've got that forum to drop that information in and I think that's super important for folks and It was made no clearer to me than before the live stream when I had all good Actually pop into the broadcast studio, which is an extra special treat for me So shot out to all good as well and you know, welcome everybody I don't anticipate a whole huge crowd tonight So we are gonna play it by ear if you are making your way into the gallery. I will do the Q&A's I will update you on the portfolios and get to the Q&A's toward the end of the live stream guys But stay tuned it ought to be awesome. I aim to please every single Friday. So welcome to you guys Lots to announce we always try to roll out new opportunities Obviously this week was a little bit more along the lines of the promotional and awareness pieces There was some awesome awesome content that got dropped through and I just want to highlight one in particular Special shot goes out to Matt with Matt money You guys all know him. All right, he dropped a very very good interview I was very very taken back and this is something to where you guys really need to kind of look through the fog a little bit on these Because Matt was able to speak with the CEO directly at the company He did Sean Dahlinger a couple months ago. Anyway, I watched that. I thought it was phenomenal And I think if you sit back and understand like hey, you know, these guys are getting Opportunities to sit across from, you know CEOs of these companies now are all these companies going to go to the moon No, I think we would all agree that you know, these companies are building they are on the Verge of scaling, right? They're very very young in in their companies inception and looking to do what it is They're doing but to get in on that and to be provided the awareness guys. They're doing the awareness work for us Okay, they're bringing these awareness pieces to us and and and good on folks like Myself who did update Kyle as well offered a piece of update content as well similar to mine But Matt landed the the interview which I'm not sure if he's just busting out the charm to win all those interviews But it did a really good job So you guys can kick over to my Facebook group is where that's a good place for a lot of that information You can join the Facebook group free of charge if you want okay to get into the Facebook group Use the code word empowered it so I know you're not a bot and you are a real person Okay, and we'll get you into there I usually put people through the group if they put bourbon as the code word. That's fine That that's kind of a secret sauce of the channel but but honestly trying to push out these multiple opportunities for people and We'll continue to foster that opportunity. It's allowing me to focus on the group absolutely And you know focus on some of those opportunities that I'm rolling out because a few people really really enjoy Those products I see Becky in the group here as well a shout out to you Becky It's great to see you and hope everything as well with dawn see that this is a big family here And I love it man. I I go through swoons on the channel I'm a human being okay, if you think I'm just a hundred hundred and ten percent motivated all the time to come on and do YouTube Sometimes I am sometimes I'm really fired up when I have those those those ideas come through but but other times You know, it's like man. Is this really getting through? And I think it's super important for us to just continue to Footstomp the message man anything that's worthwhile is worthwhile doing over time Okay, and I was just talking to Kyle my friend backstage with passive income as well And we were talking about how crazy this market is. I'm not doing a whole heck of a lot of moves I will highlight the portfolios for you guys I think that's a cool way of of of showing the progress of what's going on here I'm gonna show a little bit of a ticker to show from week to week if the portfolio has taken a little bit of a Slide this was a few hundred bucks. Nothing crazy this week. The markets doesn't know what to do right here There are pockets of value But these are the holdings. I always declare to you guys So no huge changes. I don't think in the brokerage. I did add 15 more shares of Disney To this I did add the triple Q's this week. I was telling Kyle I made a few moves nothing crazy I just don't feel really that inclined to make huge moves right now with this market and I do have a fairly Moderate cash position as well and and not necessarily with the intention of timing the market But having that pay dirt available to me at all times just in case I Earmark a few of those opportunities and I don't think there was any other additions here No, I don't believe so. I did have four highly on contracts. I believe that will roll off this week And leg it in plaque and Bank of America will be the remaining covered calls that I've got so very straightforward on the brokerage account Roth IRA number one here I'm scanning through here to report to you guys. I did pick up some small caps VBK, which was very well timed on my part small caps have been on fire VBK is my favorite if you guys wanted to just go with the value and growth blend you could go with a VB But VBK is strictly growth and it fit really really nice. This is my wife's portfolio here nothing crazy Craft Heinz has been trading like a penny stock going to the moon a Lot closer to cash rich in this account for sure There's a reason for that. I'm really trying to take a strategic stab at Putting a little bit more dollars to work in the passive. Okay, so that's the strategic goal here holding this position Very very nicely down just a few hundred dollars week over week here means really nothing Other than entertainment purposes, I can roll that out to you guys from week to week another one week over week down This is mine Very very satisfied with how I've strategically introduced some growth into this Salesforce comm is my number one bull for 2021. It's gonna do well five years It's gonna be at least a doubler revenues will double and that's a guarantee on the conservative side of the house But five years CRM, that's a shoot in the fish and in the barrel type of holding a little bit more edgy of a holding But one I'm just as bullish on his crowd strike. These aren't crazy positions guys But it was nice to introduce strategically some growth into these Roth holdings J&J's been on fire Raytheon's been on fire But aside from that, I think we're looking pretty good here. Nothing really else Facebook nicely complements the Apple holding which has been kind of static. I don't really care I just man for many many years. I got Into a habit of trading Apple and that that's just a huge mistake. I don't care if the company goes down 50% I just don't care anymore. I don't it's it's as if the portfolio is missing something if I don't hold Apple Microsoft and I would honestly throw Facebook in there Even though I feel like their moat has some work to go. It's a little more sensitive With regard to their protection of client data and whatnot. Whereas Apple and Microsoft good grief They've got a moat that's 10 miles long that nobody will ever compete with them in their space and You know, I don't know if others feel the same way about their Apple products that I do but man alive I it's a special treat for me There's nothing better in the tech technology that I'd rather go treat myself than a new iPhone or a new iMac or a laptop They're just killing it. They're absolutely killing it. We had to order an iPad for my son for Christmas It took him a month over a month. They were so backordered with people trying to do mobile work That's it right there, man. That's the apple of things. That's that's who gets it done and this is Ever specialty ETF, this is the the sectors all 11 in the brokerage account This retraced just to touch nothing crazy here at 13 692 This is a section of the YouTube earnings that go in here Just a little secret sauce of the independent investor channel Leveraging those cash veins guys. I've got 10 income streams, right? So those income streams can be working at multiple times while I'm doing other things, okay? I don't need to sit there and force the water to flow down the river. I don't I just establish These these veins of income and let them work and that's the whole idea There is a time and a place. I think to facilitate your holdings But it sure is nice to set this up. I've set this up two years. It's been working. I've done nothing to it nothing Up a $4,000 bill in this account not too shabby for less than a $10,000 investment Not too shabby and this is the newest addition to the whole to the family I know some people probably have some problems With the number of holdings here and that's totally fine. This is the bright spot this week For your guys's knowledge. I did completely liquidate out of the ARC ETFs. Okay. I'm completely off I sold ART KK for example at 159 And it's looking like that was a good retracement move the temptation was there to reenter the stock here at 146 I just I just I just can't I can't justify it right here. I can't There's even a little bit too much risk. I put on the table. It cuts a little deep with me We went ahead and liquidated those Listen apologies for the people. I've had a few folks come on and say geez Ryan You know, you don't like them. You do like them. You don't I invest for me And I the cool thing about social media and also the uncool thing is that we share everything And somehow some people think that we're somehow locked into a certain style Because social media perceives us to be a certain investor I'm in it for money. Okay, and I expect you to be doing the same damn thing. Okay, so I don't apologize for my stock moves All right I'm completely open with the five investment strategies that I deploy guys if you you're making your way to the Channel for the first time and say well, you know, passive investing is the only way. No, it is a way It's not the only way a dividend growth investing is a way. It's not the only way swing trading I was just talking to kyle behind the scenes here. I may just bring him on to the stream actually But I want to make sure I get through these coverages real quick Swing trading profit last year was 35 000. Okay, so for a single income family that that's a big deal That's taking your money and making more money again. Remember the bottom freaking line I expect it for you guys to be that okay If your bottom line is that this is a game and you want to set up six monitors on your desk and and and think that You can beat the market. Good luck doing it. Look the bottom line is money and me I deploy the five strategies that make sense for me passive investing dividend growth investing Swing trading options with covered calls, right? All right, and some speculation. Okay, those are the five methods that I deploy and they all work they all work and I I like all five of them, but I control the Allocation to the portfolio in other words. I don't have 90 percent of my money in speculation Okay, right and it's it's how much money you want to devote to a certain strategy that that is the golden question for everybody to answer Okay, ryan. I hear you. It's all about money. How is it that I can get deployed? I have my first 500 dollars Buy an etf for crying out loud If I had it to do over again and I could go back to when I was 20 years old I would tell my young sub first. I would punch myself in the face and be like look This is your older self talking to you right now buy the smp 500 and don't sell it ever Ever you can do anything you want with it. You can add to it, right? But never sell it. Okay. That's the only thing you can do is just add to it It can make you a wealthy man now down the line if you want to layer up and deploy some of those other layers and strategies You can do that Okay, but I think a lot of people man that they look at investing as something like they need to beat or it's a game that they need to somehow win at All right The bottom line is money and there's a few ways of doing it correctly and there's an infinite amount of ways to do it Incorrectly. All right But this portfolio is doing really well. This is the one bright spot It was up a little dab and it's starting to pay dividends. This will be a machine I look to this portfolio to be Absolutely a six-figure portfolio someday and house a lot of money There's a lot of good quality in this and I try to avoid overlap within this small m1 finance And I do share this openly with you guys. You're welcome to kick over and check it out There's the tsp almost 50 grand. I was nine thousand dollars away this week guys from a half a million bucks I thought man if I'm close And that don't cut it. So and it's come off of that since then I'll I'll show you where we're at here So we've got a little work to do but I went into 2021 thinking man If I could get to that half a million dollar mark by the end of the uh the year We'd be killing it and look at us man. We're middle of february here and we're we're knocking on the door And it's a beautiful thing man. This stuff works and it doesn't just work for me man It works for these other guys and gals in the community kyle and matt specifically and dave as well These guys that are in here sharing their stories man. They're all finding some success with this stuff. It's fantastic Become a participant in the market. Okay become a participant in the market. That's the key That's the key. All right. If you're a new investor making your way to my channel I'm I'm going to be the first to tell you it's not something that you have to be smarter than You just have to be a participant in that's all you got to do Okay, very very important and then the total portfolio value. This was run at about oh couple hours ago anyway 4815 14 That was actually up week after week and to be honest with you. I didn't really care to look at where that extra Tick up week over week happened, but it just goes to speak of when you get this amount of capital I'm kind of in no man's land right now No man's land is from like 250 to 750 because 750 i'll be staring down a million But i'm kind of right in the middle of this gray area to where like, okay, am I doing this right? Am I what am I doing? Are we gonna make it, you know, but um, I think it's fair to say that When I go back five years i'm like wow That's really where the key is because when I look at it day to day or week to week And I roll this stuff out to you guys and you're like, okay, that's interesting You know, it doesn't really look like it's moving and it doesn't it's only when the Year over year and especially after five years. I go back Five years just three years ago. These accounts have tripled in value my big accounts. They tripled How I don't know I just deploy strategy on a man. You just work them You put gas in them every now and then change the air filter every now and then You know breathe a little life into them every now and then and that's how that's how it's done Build wealth right And i'm not afraid to take and separate myself from my money and put them into these assets buckets And allow them to freaking work The title of this video is let it go You got to let it go That's the key let it go with the understanding that your money will work for you While you're out doing something else with your time that is the absolute key to wealth building But there it is 481 514. I don't know if this will be the top this year. I don't know. Maybe maybe next week will be at 350 I really don't know but this is this is the invested capital that i've parted with for in some cases many many years anyway, so See a ton of people financial investors been with me since the beginning of time. That's absolutely fantastic Kyle are you good to go man? Do you want to kick on here? How's the internet? He gives me a thumbs up and he looks absolutely ecstatic So it's always a treat for me to bring kyle on man. It's always a lot of fun And I can kind of focus on some of these comments on the live stream as well And we can get some of kyle's kyle's been involved kyle has his hands in like 20 cookie jars at the same time I don't know how he does it Uh, but but but i love him. I'm the same man. He's just an awesome awesome, dude I'm going to bring him in and uh have him share the scream Kyle was brother. It's good to chat to you guys man This is the first time i've chatted you while we were joking about how you thought I forgot about you But I always come back always come back for the og's baby I got a quick question for you though too just because i've been reading through the chat I find this a really interesting question because they're not really a question But hidden freedom was saying I think we underestimate the market as it over delivers, right? And I've started to formulate this in my mind too because i'm like when i'm putting Products or courses or i'm doing a blog and every time like my mind is so stuck In this idea that like the average market return is 10 percent But when you actually look at the last decade, it's been like 20 percent a year and it's just like And I it's kind of I I think Kathy would touch base on it too Just this fallacy that we fall into that we think that to to be safe and to be conservative is this this 10 percent but really Conservative is much greater than that like right now And I'm not that'll obviously change to some degree But i'm curious to see your input on that as well because i'm trying to like read work my brain to stop thinking That 10 percent is the baseline and that you can achieve greater Without having to be smarter like you don't need to be the best man in the world here But yeah, i'm cheating on you matt No, I I mean it's a it's a fair sentiment I don't I don't know if people need to be looking at the opportunity in the stock market There was a really really good piece put out by my friend joe carlson And it spoke about actually no it wasn't it was um, josh brown on cmbc. He He's really good. He's one of the guys. I really like him. He recommended a book book I think it's building wealth simple money something like that. I may be butcher in the title But basically in that it broke this question down to say look if you had bought at the extreme peaks of the market throughout the last 50 years Compared to just buying the extreme bottoms The difference in those two would be three percent over time So really it speaks to the point of buying the market at any given time and being fine But here's the thing What is the alternative strategy? Is it not to invest? And that's where scale comes in right so if you're a new investor and you're here in this and you're seeing the stock market Go bananas But you're worried about it or you're saying man this thing is over deliver and I don't understand what's going on There's is it euphoria? I don't know. I mean there's schools of thought right now that are talking about the stock market is bubbling To get to 40 Right, we may have a real up shoot and a panic buy in that people are betting against this market Whenever people start to bet against the market It'll usually do the opposite and it'll surprise a lot of people And that's a people have to be kind of careful in trying to Look at this and say I know why this is happening. I have my thesis I don't think it's ever been a better time to be an investor. I and I think in one word It comes down to technology We are connecting the world faster than we've ever connected it before look man when I started investing I would have never ever justified owning five cloud plays In my portfolio. I own five crowd strike microsoft, right? We've got salesforce.com adobe systems These are these are phenomenal companies, man And and I just look at it like look i'm very I have the opportunity to be somewhat bearish unfortunately by nature i'm a bull And it's like I look at this market and i'm so ecstatic to be a participant in it It's my life blood, you know Well, it's this is the generation right and I mean matt we're talking about this pretty aggressively that people are looking at the markets go up But they're not looking at the at the right the right factors that are leading to these results People only see the end result, but they're not looking at the innovation And we talk about this a lot that people are just underestimating the exponential rate of innovation that's happening right now And we're going to see massive change in every industry in a fashion that we've never seen before And it's hard to kind of pick and play what's going to do the best because right now It seems that on this because me and you were discussing that In I think the the statistic was in 2020 if you bought uh, was it 2020 or 20? Anyways, if you bought basically the lowest um Like the worst companies basically the s and p 500 all the companies that lost revenue through 2020 that basically You know had the worst debt and like the worst performance. They all ended up I think I gotta look it up because I know graham stephan talked about I feel bad throwing numbers off my ass here because I'm probably gonna say it wrong But something like 60 if you basically bought the worst stocks of the stocks for the last year you outperform the market by 60 And it's and it's weird because you don't know Basically there has to be buyers and sellers and when do we peak buyers because right now we've seen this huge influx from robin hood I mean the numbers at robin hood were crazy They grew by millions of users over the last few months like just staggering right So when we hit this brick wall where all of a sudden you run out of buyers Like and this is the big question that me and you were talking about too with bitcoin right Like bitcoin is hype and I know everyone's buying it right now And even the miners which is one of the big speculations is the miners right now some of the biggest names in the mining bitcoin mining industry I basically haven't sold a single bitcoin. They're using debt to fund their whole operation And what happens when they say heck we need cash flow. We need positive books here guys time to liquidate some of these on the market and Like it's just a lot of speculation right so I mean like you said you want to be Appropriate with your risk because I mean I'm taking on a heavy amount of risk on some of my plays that I think could bite me in the ass Because I'm playing into this back game and a lot of these stocks that I know are overvalued in the moment But I still have the belief like you do with highly on and you know that these companies over time if you're patient What you should be I mean if you've got a three five ten year time horizon who cares what they do tomorrow But it's the risk right so it's an interesting topic for sure Now it is and if you're worried about it man, just diversify your risk You know, I mean we're talking about I do I think you need to follow over yourself to buy the teledocs and the zoom Media's of the world see there's certain pockets of the market I'm not one of those that looks at the entire market and says just buy it all You know, there's companies out there that are trading it some pretty crazy valuations. Okay, okay If they're justified or not, I don't know but here's the thing as an investor, right? I reserve the right to say Nairie That's the beautiful thing. You know what I'm saying don't give away the farm I'll look at teledoc. I looked at I looked at zoom media and it's like I really enjoy zoom as a product I just I just don't understand, you know, and it's like I understand the PayPal. It's a great company. Okay It's expensive, you know, and it's like, okay I opt for visa is is visa on the back end of the wave or are they on the front end of the wave is is You know, I mean, we're just talking about payments and transactions But what is what is the alternative is again back to my point? Are you choosing not to find any exposure in the sector at all? I I bought the cues this week because again, it's what made the most sense trying to go in and put a reasonable position On a stock right now is just not something that I'm doing I have the portfolio what I declared to you guys tonight is on autopilot. There's no doubt I'm being an investor right now. Okay Just about a half a million dollars. I'm sitting. I'm just being an investor. Yeah, I got a little cash Maybe 80 grand or so in cash. Okay, but that's savings. That's a little bit of cash You know 610 grand in each of the brokerage accounts, etc I'm fine I'm okay with going through months in the market and just becoming an investor and and live to fight another day Where we are in six months. Hell, it's going to be interesting. This thing is setting up to be interesting It's definitely setting up to be interesting and um, yeah, the hype right now is crazy And I'm waiting for it to burn out But we'll see what happens when that date comes because did you came did you manage to catch the the interview for robin hood? Oh my god, the congress hearing Let him on Unfucking believable. I I let him I I don't think I've ever enjoyed something so much in my life than watching You we had um, we had the guy from melvin capital you had A roaring kitty who was amazing and you know his lawyer wrote his whole friggin His statement so he didn't have to give that money back for pumping this stock I mean We what a wild learning lesson like if you guys are new to the market go and you miss the gme thing Holy crap. I wouldn't even touch a gme with a 10 foot pole But like that lesson and just seeing how that Aspired I think educated people so much on how deep the stock market goes when you're talking about clearing houses and rules In margin regulation and like I just think it opens that gateway to a conversation That's broader that even us season investors overlooked like I learned so much Looking at how congress kind of treats this and it's just you never know right? You never know when you're going to be in that circumstance. So in all fairness to robin hood I think what kind of came out of it for me as well Because he was asked a very very direct question of is this legal And the the short answer is yes it is and he went on to explain that look sales weren't halted Okay, you you restrict somebody's ability to sell a stock. You're gonna have anarchy. Okay What what was restricted was people's ability to buy stock on margin. Okay, let's be real okay That that was that was what I got out of it and My broker shut down, you know buying buying the stock outright. I wasn't interested in it at all but I don't know how many people are in the camp of they were restricted from buying shares that they had actual capital to put to work in game stop or if the lion share of the patrons out there that are bitching and complaining That robin hood ruined their life that they weren't able to buy stock on margin because The brokers have all the power in the world to say nay or yay to giving you You know tens of thousands of dollars to buy a stock basically on speculation. That's what I got out of it Yeah, I um Matt knows I was a big Advocator that I wasn't a big fan of everyone jumping on robin hood and kind of pile Piledogging on them because like you knew they were following regulations and rules and I told matt like look at it from their perspective It's a smaller broker and all of a sudden half your users are Margining capital into a stock that you likely know Is going to go to zero and all as we hear about is the people that wanted to make the trade to think They could make big money, but we don't hear about the amount of people that robin hood just saved from losing 80% of their wealth like I mean it's it's like it does that's not that's not what they were doing kyle Yeah, right they reserve the right to say we're not going to give you money to to buy this security They have every right to say that 100 and look i'm not I I don't want to say that buying on margin is is bad. Okay. It's not something that I have ever done My brokerage account is a margin account, but I do that for a very simple reason that helps me Avoid some of the free writing restrictions that I was incurring right? I would just rather have the designation But I don't invest in dollars with dollars that I don't have I just don't do it I I There's a dark side of trading on margin That's really really bad and it's not something that I don't want to be that voice to say Or have somebody misconstrue and say hey ryan does this it's somehow okay Because i'm here to tell you it is for the very astute investor and applied correctly It can work really really well. Okay, but for the masses leave it alone Okay, we're having yourself Yeah, we had a deep discussion today about debt because I've leveraged debt more than I ever have I won't I know you have I won't use margin for the pure reason of the risk with margin calls And I want to be comfortable knowing if the stock drops 50 that I have the capital Not only to pay it off tomorrow if I needed to but also knowing um that i'm not going to get margin called right so uh me and matt uh Matt was a good factor for this too And I think you have to be careful when you're playing around with margin and options especially because you get comfortable with your risk tolerance And then you start stepping over your balance matt experience something with this and when I use my margin It is such not my margin my line of credit I use it for very like you're saying like astute circumstances And so far i've only used it three times and the first two times It worked out fabulously because it was a very calculated decision And same with this time I leveraged my credit into a locky martin which i've talked about a lot Because it's just I just look at it as a similar situation to uh when I leveraged my credit into babba That was a babba that one did really good for me and reocam was another one back when I hit the bottoms in march I was like I have no money, but fuck I got credit and this looks ridiculous Um, so I mean that worked out well, but I don't like you're saying I don't think the majority people have that it took me Seven years to get comfortable using debt in the market And it's only because of these very Very significant circumstances record low interest rates I can save my cash instead of investing my own money and use the banks to mitigate a degree I don't do any more than five percent of my total net worth and leverage Um, like it's scary to me. It makes me shit my pants honestly when I think about it So i'm always like I'm always you always have to be like that pilot like if shit hits the fan Do I have the emergency eject because if I don't I'll be like fucking Dave Ramsey in 2008 when I lose my $5 million fortune overnight because you just don't have the liquidity to cover it. I mean it's Well, and I've known you a while too and you have an advanced maturity about the stock market I I I just think it can breed complacency if you just think that you can just go out there and borrow You know money at six percent or an eight percent margin clay I don't know what margin interests are right now that they've got to be at least six percent I don't know if anybody in the thread knows I you know, I'd be But it just it's something that I've always strayed away from me personally. I don't need to do it Okay, it's it's not like what am I trying to prove? I don't I don't need it I'm using the stock market in a capacity that I need the move makes sense for you My move makes sense for me. It makes perfect sense for both of us, you know, but uh, I think for them I'm 100 with Dave Ramsey, man. I don't think if you can afford it You shouldn't be buying, you know mortgaging a house unless you're financially Like literate, uh, just because like even a house in a mortgage comes with the same risk as the stock market If you're ignorant to what you're doing with that leverage, right? So I mean you got to be careful on all fronts when it comes to that in my opinion I just wanted to shut out Dave there again too because he's joking about the melvin capital dude And I I've never seen such a bullshit in my life. Like I was so bad. Oh my god I didn't I didn't watch that part. I watched just a few minutes of the trial itself, man I uh, I only stuck around for the first few hours just to catch the guys that I wanted to catch and melvin was one of them And oh my god the guy like just to protect his fund just bullshitted everything because basically they a lot of investors were worried That they were running out of capital equity So they took on debt right like they not debt but they got another investor to pay them something like It was a lot wasn't it like hundreds of millions like and he basically said oh, we weren't worried about going bro We just we had another investor that saw an opportunity in the dip And like he just he played this story to make the the firm look safe and secure And I've never seen so much bullshit in my life. I was like I could never invest with these guys like Just admit it. Okay. We they just don't admit it. They just don't say hey look We did something really risky and we fucked up like it bit us in the ass So I don't I don't I don't think I don't think they necessarily made a made a bad investment Actually, I don't think I think what they Failed to do is identify the vulnerability and the risk. Yeah, I think something that is Worth stating is that it wasn't melvin capital Necessarily they were the top of the pyramid right that you had all these copycats which look man Okay, this happens on youtube all the freaking time it drives me up the wall Nobody can think for themselves. It's like, you know, hey ryan you did this and I did this too And it made no sense for me. But because you did it, I did it and therefore You know, I'm pissed off at you because you made a move and I and I was I'm making moves real time Okay The closest you can get to interact with me specifically if you like my style is to join my private group But I I don't have an obligation to come on to youtube and I don't do it anymore Honestly, it'd be very interesting for me to come on and say hey, I'm up 800 percent in my penny stock It probably drive a million views to the channel. I refuse to do that because it's not I love the clickbait I'm I'm mastering the clickbait right now. I mean I joke about it with my girlfriend all the time My mom watches my videos your thumbnails are not clickbait, man My mom watches my videos and she's like your your your titles have nothing to do with your videos And I'm like, I know but you click it don't you and she's like I click it and she's like they're good videos But she's like I've noticed that you're doing this thing and I'm like, I know and I love it I love making the most like ridiculous title because there's so I don't know I've gotten more comfortable with being a little loose with how I talk about people Take this shit way too seriously, man People are like I take the investing side seriously But people take like the internet and what people are saying and all this crap And I'm like I made a joke in one of my videos that a lot of people are chat group was really grateful for But I opened my video by talking about like what I thought about the markets But I said hey, I'm a kid of my parents basement and I don't know why the fuck you're watching this video I don't know why all these people are listening to me when I'm just doing what I'm just telling you what I'm doing And then you guys take it like it's a literal like advice that you should be following And I'm like no no no no if I find this interesting you might too because I mean this is how we all learn But for you to like call me out and say you're doing this the same with you Right like when we're talking about the sponsors and all this different stuff and people are like They just think that like I don't know if they put us on a pedestal because we're a youtuber or something But I just bust out my phone bro and have fun and I'm like I'm glad people can have fun with me But like take a breath. Let's remind ourselves here of what we're doing. It's entertainment So for them for them for the most part. I mean, I've known you now a while I I I put you and matt on a very very high as far as your ability to look at stock and evaluate a stock and You know make those decisions about appropriate levels of you guys you guys don't sell yourself short, man And I I think it's cool that you can take a step back and kind of kind of laugh at it a little bit Because like if you said hey, yeah, no, just catch your Financial advice from youtube you'd probably get laughed out of the room if you told that to your friends or you know I've had this happen a few times like oh, yeah, ryan's got a youtube channel. It's like what? It's it's it's an automatic negative stigma really and that it comes from a it comes from a place I think for sure. I'm proud of it. I love it. I have my own personal opinion about it, but You know, I I just I love being you get all in just the community and I know you're there all in a lot of information And it's just you get buried every day in it and it leads you down these like rabbit holes where you just You you just the markets. I'll never forget. What was it in 2019 at christmas time when I was on your stream here I don't know was on the streamer on the back end. I just remember saying to you This is going to be the most boring year I'm like everything set up and I'm like what what is what could possibly happen at the end of 2019 like And now it's just like this never-ending escapade of insanity I love it though just because uh, like me and matt were joking that Matt managed matt managed to find the the reddit A reddit post that leaked the mutual fund that kathy or the ark invest etf Runs for the space innovation that they haven't launched in the us yet But is launched in japan or a version of it and matt finds this thing and we're like holy crap Like what is in this and then we're going through it finding the most interesting stocks And then like a day later. I'm like I gotta buy this shit and I'm taking my line of credit And like it's just so crazy, man I just love the rabbit holes the reddit that you get the pros with this mix of insanity with like this guy Roaring kitty just some dude Like if you've watched his videos like you could never take that guy's investing advice seriously like his youtube videos are like He made a whole video about how to use uno cards to buy stocks like It was like an hour long video or something. I was like, what is what am I watching? This is an entertaining. I don't care about this like You pick oh, it's it's red. It's it's a guess good. Then I would associate this to this part of the market I'm like What like you'd actually do this It's hard to lose though when everything goes up Well, yeah, I mean I would have never called this myself, but only any of us would but I'm glad I'm glad that What I'm really glad for is people that got into the market last year because They're gonna need some humbling just to remind them that the markets don't do this all the time But I feel I feel so bad for anybody that's just getting it now I think the opportunities are still there long term, but like it just when you looked at Just that crash and the rarity of those things and just the blimp of how short it was and Can we actually go back to those lows because if we could it would be a blessing and disguise and I'm just like And I just I'm so grateful some people Because like I mentioned this to a lot of my friends and I said look we'll come a time When I'm gonna tell you that you want to put money in the market because I can't tell you when things are gonna go up Or whatever, but I can tell you when they're on a severe discount and when 2020 hit I mean anybody like Matt can attest to this me and him looked at our portfolios dropped 30 percent Matt was down Like I think a couple hundred thousand at one point I mean my portfolio fell off a cliff by like 40 or 50k and then I was down 60 grand Yeah, and then we're sitting here and like where everyone else would be freaking out like we me and Matt were to the Fucking moon. We're like telling all our friends and we're like guys. This is the time right and then all of a sudden Skip a year later. My portfolio went from like 130 down to just around 100k So it's down 30 or 40k and then skip a year later. I'm at 260 270 thousand It's like what the hell happened from there to there. It's not like I made any more money. Fuck. I lost money I lost my job like what happened and it's just like I feel so bad that people You know don't have the mental acuity to catch on to this because I feel like they're getting left behind And I hate looking at this divide between the rich and the poor when a little bit of education In 500 or even a thousand dollars can go so far if it's just you know appropriated But I'm having people come to me now Kyle because everything that you just elegantly talked about through the downturn 100 to 260 the only thing that they're hearing now Out of that conversation is 260. Yeah, and so unfortunately it's bringing a lot of people to the market. I have Nill people come to the independent investor channel and say You shouldn't be investing right now. It's too high, you know, you know But if we get a 10 correction mark my word, man, I've been doing this a long time The haters are going to crawl out of the woodworks They're going to crawl out of their freaking prepper bunkers, man And they're going to start letting us have it like no tomorrow because we get looked at like we're advocates of the stock market, which I am I there's no way I should have the wealth that I have with my income It's the great divide between what I make and what I actually have in that worth That's the success and It's duplicatable and it's duplicatable through the stock market, right? That's a special thing But but mark my word, man It's it's it's politically correct to come on and say Hey, you should invest and start investing like tomorrow right now But if you start telling people that during a pandemic low, I was I was I was buying myself. I show my buy points, man. Yeah, I was buying on the way down because To sit here and say that it's easy Right now is pretty kind of an asshole thing to say man. It's it takes it takes some some stones I hope I don't you know offend anybody But man in retrospect, I knew that that bottom was going to happen and I did I took a stab I was five days away. I didn't hit the march 23rd or them It was right around that time frame where that was the v bottom That's and it was just it was a matter of a couple of days where you kind of had that it was the 182 on the dow Jones industrial average. That's how low it went Yeah, and that was the turning point and it never turned back either So yeah, I wish I took on a little bit more ETFs. There was a little bit more aggressive broadly I I kind of strategically focused and it did work out fine Like it worked out phenomenally better than I could have ever asked But at the same time like when those things happen Like you almost feel like you're better off throwing out a broader reaching net into things like because I was looking at things I wish I bought like McDonald's home depot That's your time to start a base position because for me I'm like I want to buy like 10 grand of something but really in a situation I would have been better off taking two grand to pop and putting it into all of those And then I could pick what one that I liked at that time and say okay I can scale from here now because I've got a good starting base So I can cost average up But you don't want to like go in because I put all my money into a couple things and now it's like I want to buy McDonald's but I don't really want to start with a cost average at a at this level Like it's just it's too hard to want to lean into buying it So but there's still plenty of opportunity man I hope people are doing their dildo And just if you don't want to do the the deep dive and I really recommend that if you have weekends time If you can find a couple hours and or even 30 minutes a night to sit down and just read through and I mean take a stab because there's still a lot of great opportunities. I don't recommend buying these I don't personally hold them but uh anyone else drink at the night not I don't I don't go find one. Um, but are you are you looking at any dip plays man? Like I'm looking at a couple of my stocks that have blown over and people think that I've forgotten about them or something People are like you don't talk about Rio can anymore. Like I'm looking at things like tap Um, like tap is going to come back with a vengeance here. I'm pretty confident of that Absolutely, I don't own it and I'm looking at like a lot of these companies and people still aren't really talking about them And I'm like, hey guys, we're about to head into a major recovery that is likely to be like the roaring 20s I'm dying to get out. I'm sure you have a lot of money too and you're dying to get out and do something So like, you know, it seems almost so expected that we're going to get one good quarter sometime in the next year Even if it's q1 of 2022 like it just takes one quarter and all these stocks will turn around the airlines will go through the roof Which they already are really. I mean, I'm shocked. I'm shocked at where they're trading at So I mean like it's just I hope people are doing some of the diligence and not chasing just these high premium stocks Because I mean everyone is so caught up in these in a lot of like the uh, the ci the cci v's your Spacks, you're like and they're missing these crazy opportunities right now when you're looking at things like Lockheed Martin When you're looking at the taps of the world and all these things that are trading Babba for Christ's sakes like how did babba drop 30? I mean cat the woods buying it Like it's just like how are you missing this? And you just you don't need to buy a lot of them You could stick to ets, but I still recommend that you try and just pick up little bits because yeah, so the problem I I think I think your stock picking analysis. I think that's the most prudent right now The problem is it's not the most prudent for everybody, right? No, I don't know what you're doing But so on the etf side, right? Here's my thing like you can still enter this market passively But let's just let's just use a thousand dollars nice round number if you were looking to enter into the market for the very first time Right look break the numbers down Let me give you just a page out of my playbook how I break down numbers Thousand dollars if we were at a pandemic low and you came to me and said Ryan I've got a thousand dollars. I'd be like good invest at all 100 right right now I'm at about a one-fifth clip. Okay, so start at 20 percent Right, you don't have to just always be full throttle on the market Okay, you go from a non investor to an investor at 200 dollars buy a share of the smp 500 Start dollar cost averaging that up at 50 dollars every two weeks now There's a there's a plan Okay, with that if you see a strategic dip in the market go ahead and invest more at that time But it really shields you from that Down turn if you put that large capital now a thousand dollars. Okay for me and you might be relative Okay, but thousands see the perspective with the thousand is I don't think it appropriates the longer term or the exact strategy because like No, just just talking about like because the problem me and Matt discussed this too statistically You will lose trying to time the market. So it that's right They apparently I don't know how true this is but there's been more money lost for people trying to either catch the bottom Or catch a top and there have been people that have just made money for just buying the tops and the bottoms So for me like I don't think anyone should just be buying individual stocks I think if you're interested you should be doing your own the diligence picking what might work for you But like Ryan says like you need to find something to start with and even if it's a thousand bucks Don't let that be your ending goal like like you need to say okay Right start with a thousand and say next month and next month and come up with a way to do it Because you're gonna be doing this for Ryan. You're not dying tomorrow. Are you you're not retiring tomorrow? Like you can't plan like this all ends tomorrow, right? Like you need to understand There's a good likely 30 or 40 years ahead of yourself in this. So like if you Sorry, I just don't want people looking at the market and saying man. I've got $10,000, right? And I I don't know that individual most of them come to me and say look I've got six grand I've never invested before right. What do I do? What do I do? And it's like, okay Most people think that okay my getting off the launching pad means jumping in with both feet eyes closed Hands crossed and hoping for the freaking best. That's most you'll you'll lose with that strategy. You'll lose, right? So 20% right from that perspective boom, then you're looking at $1,500 to get yourself off the launching pad All right, and it comes down to the the the laws of relativity when you're looking at how to how to strategically break down money I just don't think we're in a market that's conducive like my cues buys 10 shares for me That's a starting position. Okay for a lot of people that can be a portfolio, right? 10 shares of the cues is three grand Okay, not everybody has three grand to start in the market, but five shares That's a pretty good $1,500 start in the market and the the real question is What other layers and what other pieces do you have to help kind of understand that you're entering into this? Yes for the long term. I just don't want to see people jumping in and kind of FOMO buying this market here And and and and then and then freaking themselves out when it does go down This market has a potential to retrace on us and enter into bear market territory and in a heartbeat Okay, 20 boom. It can go there quick because it really has run up Uh, yeah, I mean it's a it's a possibility for sure, but you have to understand like the stomaching um Obviously people that I think a good example me and matt have been discussing like this this these I like the fact that there's new investors getting into the market because of things like game stop But we have people joining our chat group and like i'm really glad that our group is so supportive because like You really want to almost make fun of these people because like their entire portfolio was like gme amc Well And you're like, this is all you own and they're like, yeah But I could the guy was trying to justify it going down like I not to poke fun or name anybody but I just found the psychology really interesting because they bought some of the tops They saw it drop and they're like, oh, I can just hold it game stops never going anywhere and i'm like That's not the mindset you want to Going into the market by listening to everyone in your grandmother then watching it go down and then convincing yourself not to sell I'm like you if that is like you are doing everything so but it's good because you only have a thousand dollars And it is so much better for you to be doing this with a thousand dollars than walking in with 10 20 or 100 So i'm like at least these people are starting to realize like It's it's a it's a mix of good and bad You just don't want anyone getting hurt like you're saying Like I don't want to see anybody buying the market and the first thing that happens is we get a 20 percent correction And then they're pissed at you for recommending it when they should be excited being like, oh Shit, I should go get more money and keep finding ways to add I just I just think look man if if if investing was all about just putting tools on the table like vti vgt Right this question from michael clark, which is a good one um Tools single stock stuff that we talk about all the time man We don't have a live stream without mentioning microsoft apples. These are the tools. Okay The the deeper fundamental is how we approach putting those tools Uh strategically in a basket that'll work for us, okay And I know as much as people would love to just jump into some of these tools Maybe it's more appropriate to introduce some of these tools that are a little bit more diversified Like these two products that you've got here. These are drastically different right I own vgt at 14 percent in the portfolio the sector portfolio that I declared to you guys But vgt t buying it here at these levels in technology It could be okay, but it's typically not something that I try to just pick the one sector Because there's gonna eventually be rotation out of these sectors. Okay when it runs up so hot technology will sell off Okay, and I know that's an unpopular thing to say, but these big money managers Right, they're gonna look for those underweighted plays look at energy right now. Nobody's talking about Well, your boy is matt matt matt the only guy that was drilling oil for so long when people He knows I was too He was look at my portfolio, man I was saying that too and you know you give credit where credit is due on the oil side the financial side Materials are killing it, but it's so boring. Nobody ever talks about it Those are the sectors right now that are benefiting from some of that rotation So I I think to answer your question, man Own in the entire stock market, you know, you're gonna probably get your seven to eight percent clip on that Okay, vgt is a much more specific way of investing in technology. So it's my it's my word Yeah, I'm not like it's I'm not an etf in Particularly I like owning them now just to so I don't have to buy everything But you should be doing better to vti is up 20 percent in the last five years year over year So I mean it's still following the same suit So you should easily be beating market average returns holding that alone But yeah, I don't I I never wanted I could never invest in the s&p 500 yet I'd rather just buy dividend stocks and like I told you the qq qm was the first etf I ever bought because I just couldn't figure out why I'm want to buy I'm like, I want to own PayPal. I want to own Amazon. I want to own apple facebook Micro and I'm like and you look at qq qm and you're like, oh shit Well, 50 percent of the holdings are all the stocks I love including tesla So like I'm like, I'll just put money here if it drops I don't have to care because at least I know I can't lose it all I like the etf side of things for the passive people, but it's not going to be a Particularly aggressive play for me. Just because I have goals I don't think I think in this market particularly you can actually do a lot better in etfs And I think people think you can I don't because like you said there like you're caught in this mindset of You know 10 percent, but we had we could have a year where it goes down 20 percent But realistically if we continue in this exponential rate of growth and these numbers don't lie folks I mean, I'm not spouting that the market should just go up because they should go up I'm saying the market should go up because go look at facebook's earnings and go look at its forward pe Like it's 40 is less than that of pepsis for christ sakes And it is growing at a 30 to 20 25 to 30 percent like how can you Argue that that is not cheap It's just like come back to me in five years and thank me like you're not going to go wrong with you unless again Shit happens. Shit happens. That's the best example. Well. Yeah, it's it is But then you look at apple right like apple is one that drives me nuts because everyone's like it's so expensive It's so but then you look what have they done to change their value Oh, yeah, they innovate because we're in a world of innovation And if you don't own the innovators You're not going to win like I can show you a value stock and say hey, that's cheap But then go look at apple's performance and you're like well apple was too expensive Is the stimulus going to take the market down? I think it's going to let make it go up Stimulus only makes that two reasons makes the markets go up Let me just let me give you two reasons two things that really pissed me off first Okay, first thing if if you think holding cash in a stimulus environment You're an idiot cash is more volatile right now than it's just as volatile as the stock market Hell if you had 100 grand in cash the last year you lost 10 of that in us dollar That's how much the us dollar lost in purchase value alone So now you're paying 10 more for any asset including real estate you're buying And the second thing is is assets go up When you're printing stimulus because you're printing more currency you're causing inflation So assets naturally rise against inflation. So like don't hold cash It's all you're only going to benefit from assets and it doesn't have to be stocks It could even be freaking pokemon cards for real like in this market Sorry, I got I hate those questions so much. I hate when people are like I should hold cash because it's stimulus is scary I don't sorry No, he was asking if if he thought because of the stimulus we would have a correction at 20% and I actually think Direct payment into consumer's pockets actually drive spending Which is the very lifeblood of the economy. So if anything else this is actually a net positive Yes inflation has just started to tick up a little bit But It's it's never been this controlled, you know, like we we've been in an incredible environment for The stock market for the last 10 years. It's been pretty awesome. Yeah, so and I think I think it'll keep Janet yon's pretty good. She's she's good. She'll keep it under control, man Yeah, I think the economy is better than people think I think there's a lot of unemployment I think there's a lot of problems don't get me wrong But you have to look at the fact that if the markets decided to take a correction What you have to understand is and I'm this isn't bullshit. Go look at jp Morgan's earnings People have really increased their savings rate. There is a high amount of savings higher than ever seen before by like triple And you're getting stimulus on top of that, right? Like there's problems in sectors and macro macroeconomic parts of the economy whatever but If you think the market corrects and it's going to be a bad thing And you don't realize that there's going to be a lot of spending coming up It's just I feel like there's an elastic pulling back right now And all these kids that are stuck sitting at home and they want to go back to college They want to party they want to go to the like this is the whole thing with tap, right? Like tap is a good defining factor that here's an alcohol company that primarily focuses on bars and partying They're not like a corona stay-at-home brand and when the economy opens and everyone's going back out You know, it just seems so Likely that they're going to be using these businesses again And these are the ones that are doing okay right now Like they're not they don't deserve to be down 50 but I'm going to take a breath Because I'm going to go over to our stream to get that ready. So I'm not missing too much I'm going to let you finish up, but I appreciate you man. I love what you're doing I'll never forget my guy always stay humble into the guys that started us off I remember the days when I was so excited to get on your stream now when I had like nobody and you're just like Hey, yeah, come on guy It made my days, but yeah, enjoy man, and I'll I'll I'll catch you a bit Keep hustling brother. You got it. I'll be over there in a bit. All right. Cheers. Yeah later Yeah, it's always riveting man to have Kyle on for sure. This was a good night for me, man For sure had some folks kick on behind the scenes. Um, I had one in particular last friday I'm going to drop one additional invite in there because last friday. I had a bunch of people kick in there I think there was one in particular. I didn't get to to talk to Um, but there's one in particular that hit me up directly. So there is the direct invite I will stay behind for just a little bit. Um, I love doing that guys I really do because there's there's folks out there that um want to run some things by me They want to do it in private. They don't want to do it on a live stream But uh, you know little house cleaning here tonight. Um, thanks to Kyle for coming on man. He's Friend of the channel always will be you know, those guys are are great. What a what a great like-minded Um community that we have Trying to put those tools out there for people to understand what's available What we're thinking about the market. I know there was some comments that I had seen in the thread that I didn't get to tonight Because um, you know, I always like to engage with Kyle It's our time to catch up and it's always riveting to hear his insights You guys are welcome to kick over there as well. They'll keep the live stream going on their channel So you're welcome to keep the party going. I will be over there as well But uh, the friday opportunity will not stop That's for sure. We do this every single friday night o'clock And um from the bottom of my heart man, it really means a lot to me This live stream, it wouldn't mean anything to me unless you guys were part of it And um, I enjoy facilitating. I love the financial topic. This is where I'm 100 engaged In my absolute favorite topic every single week and you guys make that happen and Uh, we'll continue to roll that out going forward. This is just the lifeblood of the channel and uh, hopefully we're motivating people and bringing more people to Um to become more aware of the stock market to become more aware of the the fruits of what I talked about You know, a guy that has a blue collar salary like myself. Should I have that net worth? I don't know You know, a society might say no, that's impossible. You can't get ahead And I beg to differ and good on me for coming on and sharing my testimonial. Hopefully it inspires people Hopefully it shows people what's possible In the investing arena. So we're going to keep foot stomping this and keep rolling out the opportunity. This is a mainstay every single friday Make sure you're kicking on early if you can leave your comments But if not at least kick in say hi Every single week as we we need to be more aware of this topic and rolling out those opportunities Bringing more people into the awareness of the stock market and the benefits that exist therein So with that guys, we'll close it out and we'll catch you next friday. Cheers