 All right guys we are live on the independent investor channel. It is Friday 9 o'clock for the fastest 60 minutes on YouTube What do we talk about tonight? This was an interesting week in the stock market no doubt about it I'll have you know right up front at the top of the live stream. I was a spectator this week No, I did not buy GameStop. I don't I don't play that way. I don't I don't look at the stock market As an arena to play however I fall squarely on the side of the retail investor. There's no doubt about it for you guys that have been loyalist to the channel Know that I've made a few comments through the life of the channel, which is now going on for years I am one of the original YouTube financial channels out there. Absolutely I'm quick to say that I also don't do YouTube full-time. I don't I've just a Regular fella. Do I advocate for the retail investor? Absolutely. This has been my thing for a long long time So it's nice to see in a jarring fashion some vindication Where this thing ends? I don't know. I'm not going to come on and speculate where it ends It's intriguing to follow The exploitation of such a vulnerability on the hedge fund side of the house with a with a short interest in a stock at 140% is pretty amazing and It just so happened that the hedge funds were standing on a landmine and didn't realize it And there was a group of savvy investors Nothing short of okay, nothing short of Some fantastic content Released this week for those of you who follow me on social media know that I did share that unfortunately It did have a trademark pullback on it. I think that's just a load of freaking malarkey Just a just another way of controlling the dialogue I thought Chimoth Palapatiya actually did a fantastic interview the entire Interview if you can find it online or somebody just so happened to record that or get it That's golden material There's some light some glaring lights Shined in the corners of some of the hedge fund institutions and there's some real truth-telling Chimoth was asked if he advocates for the retail investor It sounds like you're coming on to be a spokesman for regular people and I was hoping he'd say hell. Yeah, I am it's about freaking time and It was quick to bring up, you know There was people that were really really hurt ten years ago through the financial crisis and the mortgage-backed security If you guys don't know catch the big short it explains the entire thing but You know, what was going on there at Lehman Brothers was was a pretty tough situation There was a lot of really really good families hard-working families out there that really took a drawdown on retirement accounts Some even worse some lost everything some lost their home some lost both and There's those individuals directly and descendants of those You know mothers fathers households that were directly affected on the bottom line. They still remember that all right And they don't forget they don't forget So I'll take this opportunity and welcome everybody And in true independent investor channel fashion I'd like to devote this intro to all the hedge funds that followed into the GameStop short. Oh, what a beautiful thing Obviously so busy paying attention to the game stock Situation how it evolved this week Really didn't care so much that the portfolio took an interesting little drawback It did retract to touch this week no big deal for you guys that are new to the independent investor channel you guys Can appreciate the fact that I am a real real person Working on about a half a million dollar net worth. I want to speak about wealth building as if it's a little bit more common place Okay, I think people Unfortunately get sidetracked and they think that this GameStop debacle because it is getting such Headlines, I mean hell it was on the front of the Wall Street Journal but I Think I think for the most part regular people out there are somewhat disconnected from things like this Why because they're busy working? I mean I was raised in a working-class household No doubt about it. My mother and father they raised me on love Okay, we didn't need money to make us happy now They've carved out a life of riches for themselves. No doubt about it That's far beyond money stuff like this doesn't make any sense And it doesn't really make sense for a lot of common folk out there that are just looking to live a normal life Right do what it is that makes them happy So mom and dad if you're out there and you're and you're checking in on it was super cool to get to Engaged with your colleague tonight was a concerned a concerned colleague of my mother's who is who was Feeling the heat a little bit on a very very well Hard-earned retirement and it was like what gives Ryan what's going on right now? Should I be concerned? And I would like to say this I would really like to separate what has gone on with the GameStop situation With what I always come back to and that's fundamental wealth building in the stock market I have been so steadfast on my program for many many years. I just look at this stuff and I laugh Did you get into GameStop Ryan? No, did you think about getting into it? No, no, it's not in line with my program Had I got into GameStop and got a little lucky boost. Okay, great. What does that mean for you? Does it give me the credibility to come on to a social media platform and say look at me? I just made a hundred grand off the GameStop That means that I'm a good investor somehow qualifies my strategy of getting lucky with a potential stock The GameStop Issue this week meant more to me than anything because for many many years The underlying root of the independent investor channel has been to empower One investor at a time for people who have been with me over the years They start to understand what that means and it's not necessarily a come to Ryan's channel and I say and you do It's hey, this guy's kind of taken a little bit of a different angle This guy what it seems like he does is pretty common place and it is there's nothing special about what I do Nothing not a thing Anybody can invest in Apple stock What makes me special from the masses or traditional lines of seeking exposure to the stock market? Have everything to do with cutting out the middleman. I'll say it again cutting out the middleman Cut him out. Okay, the very stock market that I enjoy that is yes heavily regulated even though this week has really shined a kind of a dark spot on the stock market For the most part the majority of my assets are held in domestic markets Why because they are heavily regulated guys. We do have a system and structure in place. All right The SEC is in place. Okay, they do enforce regulations Okay, the very marketplace that we do enjoy does provide that Marketplace opportunity now. Where does the self-directed investor fit into that? The self-directed investor all the time has the power on their side It's just how we go about seeking that that exposure to the market in other words I feel like a lot of Investors out there. They'll come to terms with the 401k that they have and that's good enough. Okay, they get complacent Okay, the hedge funds got complacent this week and look what happened to them I think if you remain hungry on your application, you can really start to justify look the stock market is What it is. It's how you go about seeking your exposure to the market that is going to make all the difference Put the aspect of tax protection on top of that put good quality assets inside of your portfolio and you can start to resonate with this idea like the masses are That you in fact can seek out Personal wealth for yourself and you don't necessarily have to jump on and catch that shooting star like a game stop That's not necessary guys. It's not and Once we start to really realize that there's companies out there like 3m For me that have done really quite well Companies out there that are starting to catch a little bit of steam that I'm excited about on the value side of the house That wealth building isn't this complicated life. Isn't this complicated landscape? Okay, it's not some scientific formula that you need to figure out It's a discipline and it's a perspective It's about not paying so much attention to the stock market and paying attention to those things that are actually more important than life Okay security family job discipline health and well-being Dietary habits. Okay, these are the things that are gonna give us that quality of life over the course of our life The stock market can really dole out a lot of temptation and I think a lot of people are really being drawn to the market Now this week for a lot of the wrong reasons So guys will get into the Q&A will do the portfolio reviews this week Obviously, we'll go ahead and disclose the retractions to you guys. This is what Chamath Palapati I was talking about in the interview. I've been transparent on my channel for a long long time I give out portfolio reviews on the channel openly as a lot of the other channel creators as well They do that takes courage Okay, because if we come on and we deploy the strategy that we do and we share that with an open-on audience and the strategy doesn't so happen to work out, right? If some of the strategies that you guys know that I deploy don't work out, all right This is about as transparent as you can possibly get made possible through the power of social media This is why the reddit thread and Wall Street bets was so powerful Because there's just a little inkling of what Kathy would is doing with her transparency on the ETF that she offers To kind of expose what's not going on for the most part on the hedge fund side of the house And we come in here guys There's devoted folks that I don't think would miss this live stream and that's not a compliment to myself It's a compliment to the mission It's a compliment to to people who feel like they have ownership over a particular movement Right, so if there is one small piece of validation on my particular channel It's that because like I've said if I just came on to YouTube and talked about money and finances I wouldn't do the independent investor channel. That's the gods on his truth There's a thousand other channels out there talking about money and stock market I don't need to buy into that where I feel like we create some what of a of a of a healthy environment And I'm just the guide to facilitate that is to make sure that everybody Understands and feel like they have a piece in this gig the empowerment piece is such that you're like man I can do this freaking thing too and you actually put a program in place and you start to see results All right, my brother just told me tonight. He's like he's like Ryan. Thank you so much, man I'm up 20% of my portfolio. I'm like he'll get used to it I don't I mean, what do you want me to say? You want me to say you're an anomaly? No, no I want success to be commonplace and that's exactly what we look to exploit here on the independent investor channel man is to footstomp success it just so happened to be that we kind of Stuck it to the man this week. No doubt about it. So stick around guys We're gonna have a great show fast to 60 minutes on YouTube stick around I Mac investments, I don't know if this makes us I'm back here Jason. I'm not really sure gonna come up with something tricky I don't know just a couple of nice hat by the way Where's mine You got to tell Thomas I'm a I'm an honorary shareholder in the company. I ain't got a hat yet Yeah need some more swag For real for real perspectives on this week Jay Yeah, it was wild. I heard you talking for a few minutes there about it. Um, I um Yeah, I mean it was took me a little while to kind of catch on to what was really going on and once I did I Opened up like a channel and a Dedicated channel on my discord so folks could Get involved in it and so being a supporter of it and I was trading something to Making some money on it, you know, I mean and I did buy about one share of game to be part of the resistance So I don't want to share Not even matter. Yeah, I think I think there's more to this I there's definitely a cause behind it It's really nice to see it really is I hate to get Sappy and I've never really looked at the market on this and I look at it with this lens with this particular Situation I really do put this in a box because you know the stock market that I invest in it's with Some Confidence to know that it is a very heavily regulated market here in the US If you'd like to trade take your chances abroad go ahead and do that Okay, the US is still the best place to invest there There's foreign money flowing into this market every single day because people want a piece of America But I think this is kind of a subcurrent where these guys on reddit man And I think it's it's a shift in perception as well I do because I think the perception of Dumb money will will probably dissolve away Hopefully, you know like like we don't have any business dabbling in this arena This week proved otherwise but now So what was your entry on GameStop? Do you mind it's you don't care if it goes to zero it ain't going to zero What's gonna end up happening is people are gonna start going to GameStop's the physical location Now there's an advocacy for you go into GameStop and find something that you can help support the business There is somewhat of a following behind GameStop, you know there for a while when it came out It was the place to go is awesome. Just recently within the last six months I went to a GameStop tried to find some games for my kid for the switch, you know Is unfortunately there's a paradigm shift in the industry where you could get your gaming online and just download it, right? And I don't I don't know if they did as well as they needed to to keep up with the times So, you know not to make excuses for you know, how GameStop was as a company It was it was in some trouble, right and and where what people don't really understand is like, okay Was putting on the short a smart investment? Yeah, at the time it was but to the contrary the group in the Wall Street bets that put on the buying frenzy that was equally as Identified as you know a technical earmark of how big that short was and they exploited it. That's what happened. No, no Yeah, I mean, it's just they're just doing what it is Typically done by hedge funds already But to answer your question. No, I So what happened was I traded amc The first day and I like I said I traded it and I didn't really know what was going on I just knew I was going parabolic. So I made $3,400 that on day one on that then I Traded Nokia. I made about 700 bucks on Nokia Then I said then once I began to really get into what was going on. I um, I traded amc one more time. I'm a 500 400 500 so I bought one share from that profit. I brought the one share It was that still like 300 so I got a cost basis of 300 on the game But don't but I don't care because I made I made about five grand or 4500 this week on AMC and Nokia So so that way, you know, I can I got skin in the game and I could say yes I'm holding a share of game and I'm I'm not gonna sell it So that's how it justified also, you know, and so I think like I said Maybe if I was more in tune in the beginning I may have May have just gotten into game and played game a little more, but I wasn't sure at the beginning what it was all about I wasn't either. It was too late by the time I I was just indisposed at the time poor timing If it would have been a little bit more aligned with the timing I could have been a little bit more aggressive and I would have I know me I have no problem pulling trigger on an opportunity. No problem. I don't You know, it's I would have done it But yeah, the timing was poor. So and then I have enough discipline to look at it and say, yeah Not so much and then when brokers are starting to control your trades, I don't know how much of that was margin calling I don't know. I don't want to speculate But if the speculation is true that some of these brokers was were liquidating positions that were not on margin That's crazy Yeah, no, I mean I've heard, you know You know, there's a lot of conspiracies as you know, throwing out there. So I don't know what's true I mean, I know if you watch What's the hyper change? I don't know if you've ever seen this channel, but he's a pretty pretty decent channel and He talked about how the basically a hedge fund basically owns Robin Hood How so they clear their clearinghouse for brought for Robin Hood So basically Robin Hood, you know How you get commission-free is because they they don't really execute your orders on market orders They executed with a little bit of cushion batch batch ordering. That's right. Yeah Yeah, and there's some of them some of the highest batch orders J in the industry if you compare it to the majors who are Subject audit scrutiny not the way the retail investors are What goes on behind the scenes is enough to not I'm trying to pick my words carefully because you know me I come out on the Independent investor channel and I say hey, I'm not really down on Robin Hood. It's it's just my opinion I've got people in the group here that use it and they like it for its simplicity It maybe adds a strategic angle whatever that that's all great and plenty I I just gave my opinion and people didn't like it And and and now all of a sudden it's like, you know, hey, it's okay to hate the hate the company and it's like Yeah, all right, whatever, you know to each his own I just think people, you know, kind of get complacent on on things like that And they don't really ask the hard questions I mean if you knew what was going on behind the scenes and I shared the article on on That dynamic with Robin Hood that would be justification enough to move away from the platform That's all and I think you had a really good video this week really good I caught it. I didn't have time to comment to actually I was catching it on the fly And I thought it was really really good. Well done. Well done You know, I hate to do that because Robin Hood if I was gonna give some small piece of credit was part of the disruptor class, right? Retreating all of the you know step in the right direction to level the playing field And I think the perception was such that they were kind of the advocate for the little guy, you know And they may have just ruined that reputation. I don't know Well, and then the thing is I think they ruined a whole lot of future Opportunity because they were you know Eventually look into IPO and or come, you know, maybe via a SPAC so that crowd that That sits there and waits on to you know, to buy up IPOs and SPACs is this very very crowd right here So they really did kind of shoot themselves in the foot, you know, I mean cuz They're looking to IPO this year. So I really didn't have to rethink that. I think I think it's yeah It's really rough. And again, you know what want to be constructively critical, you know, I I've always been I've always been a proponent of yes being scrutinizing of your broker, but Not over scrutinizing or not over emphasizing the importance of a broker because just like Robin Hood Robin Hood like my Merrill or your Fidelity J is gonna provide you direct conduit to the market, right? And that's all great and plenty and then and then you strip that away and say, okay Well, it gives me access now. What are the bells and whistles? What are the aesthetics of the platform that I really resonate with and that right there is the real driver for me and Then the final piece to it, which is where I think Robin Hood is somewhat compromised is the reputation And when you start messing with people's money, you mess with my money You're gonna draw a drop your loyalty. That's it. It's over and the very crowd that you know Was involved in heavily involved in this sort of movement this resistance, you know, it's on that platform a lot of them and like you said, yes, so they they definitely You know For sure, like yeah, Fidelity, you know, I was able to trade All day long and even some of the other platforms up. I'm on a small platform called Moo Moo money Many people never heard of it, but it's a small app and yeah They never they never took down gamer or AMC or But blackberry none of them. So that was what I was trading I was actually trading on Moo Moo because I one day I woke up at four in the morning to end the first day it started and I saw that yes, this thing's taking off again That's how I got that the big run up was I bought real early pre-market AMC and That day it went up like 200% You know, yeah, that was a good one. That was a good one. She took take the missus out to dinner man with some of them profits She came around and I was I showed her the screen. I said you see this, right? We you know What it was was that the same time that day, you know, they've kind of through the market and turmoil and all the Spacks sold off that day. So it was kind of an offset day for me You know what I mean by that might have been what might have been what had my attention to be honest with you and Maybe I was the subject of my own discipline. I don't know Jason at 43 I you know, we're the same age and teach his own for the application You take a little swing and make a little dab of extra money. I Was off of it that day because I think I was preconceived with which watch watching some of my my speculative plays because I was I was indisposed with getting called off of some of my my options and highly on highly on really hurt me this week with With some options. I said last week on the live stream. I said, yeah, you know, it's probably not a good idea I went against my better judgment and boom right there ran me right up through my strikes and I was like, ah god I really don't want to lose this position Because I think anything pre-20 is is is a great entry. I think it's gonna be a reflection period of like wow That was the opportunity and and that's my bowl, you know, I think I'm gonna enjoy Being an investor in the company, but but any speculation on these moves throughout this week would have absolutely been short-term trading candidates, you know, you get it giddy in and You know, I know you're holding on to the one share, but I'm I'm kind of surprised what's holding the stock up The stock went us up another hundred and fifty six dollars. I think today So, you know, I I mean, it's you know, it's there I think I think the The plan is you have that well, you know, what they're the coordinated strategy is that you need to hold at least through I think Tuesday for the for the full short squeeze to play out like they wanted to So so that's why, you know, it should be through the weekend, you know I mean and there are gonna be to your point like that's why I only picked up one share because I've made profits in this more of a It's one of those things where you could say you were a part of it during if this thing really does wind up turning into where Because you know, I don't know if you saw this but there was there was one research firm that I kind of got I have learned to get used to these short These short report Companies now, you know, I mean because a lot of the EV companies have gotten shorted You know at some point or another by some of these research firms they call them Still yeah, it got hit one time by but it was a very weak report and it didn't really even affect the price But just about every other one I've held I've gotten hit with them So I've learned to know who the players are right. Well, one of them to yesterday or today They announced yesterday like like they normally do they usually will come out and say tomorrow morning We're dropping a report, right? And so everyone's like was who's gonna be who's gonna be you know When they did that last night and then they said I sit today. Guess what guys? We're not doing any more short reports We're only doing long reports So in other words, they're just scared to short Because they're scared to be a part of a big short squeeze now So what I'm saying is this literally could have changed the way Hedge funds might not be as quick to try to do what they did against that no more. You know me No, I don't know. It was easy. I mean it was easy money for a long time. I called it complacent I think that's a fair word in that the the short position was put on and it just needed to be remain on and Remember the percentage of drawdown from two dollars to zero is much different than fifty dollars to twenty five Right, so it was in the hedge funds best interest to keep the short on because they weren't being called on it Right and then that's what happened. They got called on it and the stock ended up going parabolic and The best I could calculate is over ten billion plus that it's gonna cost and it's probably well Well north of that I thought ten billion was a pretty conservative amount that I shared with my group But I mean it was three billion in one day. That's what they went out and borrowed On a on an emergency basis and that was evaporated Imagine three billion just gone evaporated in the matter of one day Yeah, well, you know, I mean not to get too granular on on Melvin capital was actually Fairly they were good You know the what what it exposed for me was the followership and it's something that I talk about all the time on the channel And in some capacities, you know, you see it on your channel Jason, right? You can speak until you're blue in the face. Hey man, listen I I do my diligence when I'm not sitting in front of you guys. I do my work behind the scenes Hell, I'm a stock dork Saturday morning. I get up with some coffee and I look at stocks man That's just what I do as a hobby. I'm into it Everybody in this gallery that comes in and as part of a live stream on Friday. They're all part of something special, but I Think for me it really did shine the light on look if you couldn't get into Melvin capital You just went ahead and went down the street and started your own hedge fund or joined an existing hedge fund the copycat mentality Because you question why all these other hedge funds were in the same damn trade, you know Right now got ripped they all got ripped, right? Well, I mean I was in I think you know early on there like Melvin capital basically they had to be Another another firm had to come in and bring in more liquidity had to give them more capital to keep them from going under I Think it was multiple Jay I believe so It's unbelievable, you know, so what it will you know, it's Yeah, I mean It's the power of the internet the power of You know power of just people Social media Yeah, but we've been saying that for a while now and I don't I don't want to make this about like me and you and the The initiatives but but but kind of it is I mean I kind of felt a little bit vindicated and I wasn't even part of it I didn't own any of these stocks this week, but I was kind of like hell. Yeah Hell, yeah, that's what I'm freaking saying man. Yeah I'm advocating man. My brother's an electrician. Okay, you know, I love the plumbers I love the freaking truck drivers, man. I love the people out there that are working hard, you know Software developers. All right, I'll throw them in there, too You know it the people who are trying to earn a good honest living Would probably just to soon take the guaranteed 8 to 10 percent rate of return. Hell you give me that for the rest of my life I'm good. I'm out. I'm playing. I'm good. Thank you but we just want to have some confidence to know that we can play the financial markets and Maybe end up in a better place than we're in now That's all, you know And I think we've been we've been talking about that for a long long time I just think that there's more power at people's fingertips than people really understand and You don't have to be joining the Wall Street bets to participate in that, you know You can determine the degree of your participation, you know I mean that that's a pretty advanced level stuff. You're talking about Jason You know having the ability but you're you're fitness to pull off a stock trade like that is very good, right? Whereas there's a ton of people out there that are being brought to the financial markets for the very first time this week because of this And I and I fear that like people are gonna see okay People are buying mansions down in Miami, Florida Because of their reddit prof excuse me there, you know The GameStop profits and it's like they think that that's somehow commonplace and I'm here to tell you it's not I don't mean to be a wet towel, but I I think You really need to take a step back and understand how unique this situation really was Right, right Just got it. You got it. What's been going on with you? How's everything man? We uh, we I know we Met we met last night last week. I was on last week, but we didn't really chop it up on a personal level, you know I Think things are good. I think I had too much micro brew over the holiday I did come down. I meant to come to come see actually But it was over New Year's and we went down saw the family for the for in their new house They live south of Charleston Which is not to disclose too much specifics there Jay over an online social media community, but We're all friends the next time I'm down there I am gonna stop by and we are gonna have some barbecue because I had some of the best freaking barbecue It was called the barbecue pit. I believe dude. This place was legit Dude, I got a brisket plate with like this thick a brisket on it that was out of this freaking world But yeah drink too much micro brew now. I'm paying for it now I'm in the gym every day trying to lose that extra 10 pounds I gained over the holiday, but You know work is I'm doing my thing and I think You know when people come on to the channel I think it's just a touch base and and a little bit of a break from that normal routine You know working hard grinding every day and and doing that thing To focus on something that I feel like is pretty important like when I walk away from the live stream I'll go back to my normal routine make it make it's a little more Mandalorian. I'm back on Mandalorian again So I get I get on these I get on these series man I did finish throughout the entire holiday break from Thanksgiving until Christmas We binge watched the walking dead So and I know listen, I know I'm ten years behind schedule. I get it, but I'm old school, but how about you man? What's what's cracking? What's new? um man, just just crazy busy, you know with work and Juggling everything juggling all this is oh, it's a and you know, I'm in the process of building a building a house a little bit further up before I live but not the same area kind of So we so we every weekend we ride up and we check on the progress at the house and You know, it's gonna be nice because I've been written for a couple years So I know I know me too me too that man the pride of ownership When you can stretch out when you can do a barbecue on your own back in your own backyard When you can mow your own grass. I don't know man. It's the little things for me I well It's always been but most people don't know because this looks like something here This is the corner of my bedroom. It's a mirage. If I turn the camera that way you see up my bed So at this new house, I got I got a dedicated office that I'm gonna turn into a studio It's gonna be pretty I'm going to the next level at this when we get to this new house. So and I think I'm actually even going to Even like bring in someone to help me with my audio. I've always had issues with my audio So I'm gonna pay somebody to help me work on my audio. So So what I'm yeah, so that's that's where So I'm sort of you know, but anyway Just actually interviewed Lightning e-motors CEO today. I was hoping to premiere it tonight, but it's a very good interview too It's something if you're not if you're unaware about this one It's a watch this watch this interview because it's more this one had me taken back to like the Thomas Healy interview so I don't mean to be like promote my own stuff, but This this guy I learned a little more than I actually knew about this company and I'm It does really kind of give me highly on vibes not Everyone's everyone when you say that now they they there's a negative connotation about highly on but I'm talking about the actual future of the company just like highly on this one has a tremendous future and Based right out of Colorado. So Yeah, so that one so I probably wanted to premiere it tomorrow because they had to review it and they had me edit it Out something. He said so I had so I wasn't able to premiere tonight, but um, but no man That's that's I've been it's funny now To the place where these CEOs reaching out to me like this this one actually reached out to me. I didn't reach out to them. So It's been it's been fun just being a part of that whole Sort of my channels become part of that You know, that's an essential part of my channel the the CEO interviews Oh heck. Yeah, and I I love them. I think they're great. I Um, I I got a ton of value out of the ones that you put through already and and I know it's just think about that for a Second man, we're just kind of like You know Okay sized I guess YouTube channels. I don't want you know, it's it's okay But look look at that man to bring on a CEO of some of these companies is like Yeah, that's making waves just a long kind of the theme tonight about you know, you're like, well I don't want to promote my own stuff. I promote away man. It's not about that It's about it's about an audience of people coming on and getting good quality content And if you can put those things together man, I'm all about it. I think it's great. I yeah, I'll be there for sure Appreciate that. Yeah, that's crazy Yeah Like I said That's what I that's what I've learned of because I see these guys they go on CNBC or they go on like cheddar and and they you know and they get It's you know, it's your typical institutional investors trying to get either get them to trip up or say something or It's never like they're just having a conversation with them and and I wound up getting here getting in these CEO interviews and I get them to kind of relax, you know, and then like that's why I saw like today he and this one he kind of Slips some information. He didn't it wasn't supposed to so I had That's all right, I Never know I Just think the landscape has changed to where you know, I know offense I won't say you're a regular person Jason, but I'm a regular person Strike me as a regular person to be able to garner those interviews and just just wrap with these guys And and maybe you get some value out of it. Maybe you don't ban But that's not the point. The point is to to connect the dots, right and provide those opportunities where like, you know If I thought about doing this 10 years ago, I thought you'd be you crazy. You give me the ball You said they're seeking they're searching you out and they're not searching me out. What's going on? Now a pretty good interviewer. I think I think I could have some fun with it I I thought I always asked myself what I would ask Thomas Healy if he came on I I have a pretty good Q&A session If he came on and it's I'm a pretty large shareholder actually at least for my You know my small what I'm set up to do I mean that that could be a sizable position if it ever materializes And and and it will it will there won't there won't be a surprise. I mean You've got you got some guys reached out to you, right? I mean you you got a little stream of some interviews that have happened I don't I there's been some interesting niches in the network, but it's really it's really along the promo And it's it's it's not really one of my favorite things to do. Here's why I I like meeting the CEOs Don't get me wrong. I don't care who it is. I don't care if you're a mining company I don't care if you're a plant-based food company that piece of it I I really enjoy It's the misconstruence of the message that I don't enjoy people come on and they're like man You're from pump and dump right and it's not it's not really like that man If you don't like the content, you don't have to watch it But to understand that you know the compensation is is lucrative Okay, and not to make our decisions based solely on that but you know I think what I'm trying to protect the viewer from is tune in into this and thinking that I'm somehow Endorsing the product and then jumping out there and falling all over themselves to go invest in this stuff Well, you know what don't to your point here's to your point. So what I've noticed is you to get to either Really really capitalize on YouTube. You either have to be like The and I'm getting sick of it and I've stopped but I made a thumbnail and I was gonna make a video but I hadn't made it yet and The 10x to 100x thumbnails are getting stupid, right? I mean and like that's really only the only channels that are blowing up or the channels that are talking about 10x Stocks and 50x stocks and they're getting 50,000 views and 100,000 views and um, you know So it's either you you sell out that way or you take you said you said sell out. Yeah Or you take a Very calculated step with some of these sponsors that are reaching out and you can do you do sponsored content? Maybe you call it selling out too. Okay, whatever But I know I actually the last one I did I turned off comments and I turned off lights and dislikes didn't even care I Just made the money I made the money and I paid off some more debt and if you don't like that Whatever if you if you were me Orion and someone came to you said listen, I got a I got some work for you to do it take about two hours two or three hours and At the end of this job, I'm gonna pay you pretty decent money like really decent money You know what I mean? All you got to do is do your job. Well That's what people are approaching us with these sponsored videos. It's the legal thing and We do them and then it's like I don't you know I don't know if I'm rather people wrong or something on this this one here, but You're right on the money man, and and I like I want people to grow with me as the channel I'll grow as fast or slow as I want on the independent investor channel. I don't care But I want people to get to know me. I want people to understand where I'm coming from like I'm not trying to be an asshole here I'm not trying to just be like, yeah, I'm just gonna do that to make the money. That's not it, man Here's the thing man. Like you you've got to be look at look at it objectively look at all the material I've put forward through YouTube for not a lot of compensation. I might add okay if people think that I'm getting rich They're sorely mistaken. Okay. This is and always will be a side hustle for me at least maybe till I retire I don't know I'd like to build that soundproof studio like you're talking about Jason go big when I when I settle down But this is a side gig for me and it and it feels right right now Because it allows me that creative conduit to to give my voice to people who I think appreciate it And I think there's a lot of people out there man that that real sees real right junior Make sure he's paying attention. He's in the gallery, you know that real sees real man And I think people kind of can relate with our message and if we do a side project like that I expect a little attitude Maybe that maybe that's expecting too much You see any questions come across it I'm throwing them on I'm throwing them on the board here basically just show them the same old community We've got a hell of a crowd in here tonight for sure and and I just thought for I didn't script anything tonight I usually have a few key words to key off of Not tonight. I didn't because I felt like that there was plenty to talk about From this week. I just you know, it's amazing some of the kickback I got from the channel from coming out with the Bill Ackman, you know when he came on in March and Said what he said I can I Perceived that to be an attempt to affect markets I did and it seemingly was okay CNBC defended him up and down like he's a good guy He's this that and everything else well the action spoke to where he might be a good guy He might be a family guy hell I don't know but the actions were such that he said one thing on TV and then went and did something completely different behind Yep, yeah Yeah, I Just think when the tables are turned a little bit I I've been kind of on the sideline this week and I've been kind of a cheerleader What can I say and because in in some small capacity I From the very beginning have really been kind of a proponent for self-directed investing right cutting out that middleman And taking that power back using that Opportunity not to give away the farm man learn a little bit of fundamental investing if that's all you did for your entire life And that that's one thing about the interview that I thought was interesting is that Chimoth was like well What are retail investors supposed to do just invest in index funds and ETFs and I almost fell out of my chair And I was like look man the the the financial institutions for for decades Have had a swim lane And they've ran through people through the swim lane of getting them into mutual funds Being provided a kickback for getting them into mutual funds And keeping people conveniently naive on their portfolios And and that right there was the niche that I kind of wanted to fight and stick it to the man Now have we done that over the course of the channel probably not probably not but I I get to sleep easy knowing that hey I I saw this in the marketplace as being a real downfall people entering into retirement and only having You know 150,000 where their potential could have been three quarter million You know and they think that somehow that's a success in wealth building because They haven't established the right type of acknowledgement to wealth preservation over the course of their life And I think the more we can get to younger investors in understanding that it's not necessarily about the game stops of the world It's it's more of you know getting into that fundamental base You know If you want to elevate your game great, but it's going to require you to elevate your game. Okay I don't You would agree with me Jason You know we don't want people coming on to the live stream and being like man Jason got into you know this this and he made You know x number of dollars. There's there's a story behind it Okay, there is a risk tolerance behind it. There is a discipline and an opportunistic Uh requirement that's there to enter into and execute the right discipline to come out of that trade on on the In the black You know, would you agree with that right and and a little bit of luck because uh I held up. I held overnight actually held overnight on the amc trade, which that could have really went Oh, yeah Yeah, but I thought I felt like the momentum was just starting at that point. That was that was the first day of it so But like, you know, it certainly could have went south very easily and Otherwise I was right. I had the I had one monitor up doing a little bit of work One monitor up watching it the whole time if you don't do that then don't think you can do that, you know Yeah, see people don't don't properly acknowledge that work behind the scene, you know And if if you're not willing to acknowledge that that's okay Just all I ask is that you're honest with yourself Be honest with yourself and your own capability because you can have it all You can have the capability the wherewithal the funding the discipline the everything else and it can still go south on you Okay, disciplined investors understand that I I think for the most part a beginning investor Me included when I was beginning did not understand that All right to be I'm not saying you're stupid. I'm not saying that I'm just saying that give yourself a fighting chance We don't want to see you run off of the market because you think that this is what defines the stock market. It's not There's there's plenty of opportunity man. I love owning apple stock. Okay. I love owning Microsoft There's just something about it that that makes me feel like I'm going to give my kids a legacy someday I get off on it. I love johnson and johnson It's just something about being an investor that is aligned with my action and my tolerance and my personal strategy And it works for me, you know Caleb Caleb says hi Caleb says hi Ah, that's my nephew man. Shout out to Caleb man. Fantastic. He says he's a Uh I gotta find I gotta find them. I gotta highlight the comment man See, I'm driving this ship jay. When you if you're driving the ship you can highlight it for me Let me cruise down here toward the bottom. He usually dumps on me man toward them We got a pretty is the this is the I don't know if this is the j mac effect Is this what it feels like to be part of j mac investing? You you you on the iMac right now. You know that It's what it feels like in my discord is like that but not the regular Discord is all day long so I still I still remember That night It was kind of shortly after maybe the highly the interview I think and there was people coming I was like that was cool, man We have That was when the party was really to jump Because you saw it then that that live stream I was like overwhelmed floor. I didn't know what I don't know. I hear a friend of mine. I sat back I kind of felt like I was working at the beginning because I was trying to radically share it On social media and that's what I did but when I came back and I was watching it I was like And this this is pretty awesome and I don't know there's something to be said there about You know we we we need to kind of stick together I I think you alluded to it at the top of the stream with your with your I think I saw Matt money talk about diamond hands a little bit And uh by the way plug the boys will coming up. I'm sure that they're probably going to rattle it I'm this will be one that I'm going to be on as well Um, but I'm kind of interested to see what this is the j mac and the and the ryan twist on this whole week It'd be interesting Kyle you better start your freaking engine man. I I want to show out of you And matt always delivers a fantastic perspective. I I call those guys ying and yang man because It's a pretty cool dynamic to listen to them rap, but there there it is The daisy chain is there for those guys for sure, but I don't know. What were we talking about jason? I forgot. I'm sorry. I'm old I guess you all foam Yeah, you did you did you foam owed me man. You foam owed me. You got me wanting to go buy game stop next week I don't know by once here by once here of it But what a trade trade your way into it or something like that Yeah, you know, I got hey man. Listen ipoe ipoe did well today. It was like my bright spot in the portfolio, man Up 24 damn percent. You see did you see somebody behind the scenes? What happened there? So um, so so far CEO he's been active on twitter and um He said no toe no toe Yeah, no, I can't remember his name, but um, he was like Guys you can buy game on uh on so far I saw that. Yeah, so the wall street vents was like, yo, there's our guy so I thought it was I thought it was more like they saw the chimot the interview and they were like, okay They knew that this guy and it's the ones back. There's three others. I believe on there that are still searching um, but this one's this one's actually Have the definitive agreement. That's why Someone asked earlier up in the chat. They asked me what the top three specs are um, now so far is going to be a transformational company that is going to Be in the sp500 give it 34 years five years. Okay, so maybe a little longer. Maybe a little longer. Yes, sure Sure, but I concur There's a company right there if you wanting to No, listen because uh This went so under the radar. I interviewed the the dude who created specs this week, too Okay, it only got a thousand views because I called it the history of specs Very boring name But I interviewed this dude and I and I said did you ever think a company like sofai would come via a spot? And he's like no way no way But if you go back on my channel, you should watch it. I was sitting there like a kid Uh, just learning from this guy, you know, so He created the spack world the the spack uh structure Uh, one of the originators of it, but um, so yes, man. Sofai is right up there. Obviously Uh, I mean there are some really fabulous companies right now coming via spack pro terra arrival Evie box lion electric Genius sports charge point. Yep Evie go There's about eight or ten companies right now that are gonna wind up being 20x companies There's your thumbnail and there's your there's your That's what that's what y'all that's what y'all come for right in the in the chat you want to hear about the 10 or 20x companies Exactly put that in your pipe smoke it Man Those are that I can't even narrow the spacks down to the top five right now because there's so many good ones right now Yeah, there is man. It's it's pretty exciting times. It really is it's fun to watch And they're on pace here in 2021 uh jason for uh outpacing 2020, right? There's always I last I checked There's already 47 on the ledger For this year. I think last year had around 300 Um, yeah, I think you would be more in tune with the numbers but last year was the banner year, right? But they're actually looking at this year And I don't know if it was you that had mentioned last week that you thought that maybe the bar would be raised a little bit With regard to the quality of the companies And that are making their way through the spack process. So is that is that what you're seeing? well, yeah, it was it was with these these three that uh, well lion electric uh pro terra Chargepoint and sofi And genie sports. They're all Uh, not pre-revenue their their companies making hundreds of millions of dollars right now And and projected revenue growth of the insane thing is these companies If um all goes well and and they do hit their He only trades But you better sell Pfizer then I felt that bro So those those are all like 50 plus compound annual growth rate type companies now Those kind of companies if they come if they're like cloud companies think about the multiple on those, you know These are coming through SPACs they're gonna take a little time to settle on the markets and there's gonna be a Usually a little sell off in the beginning. So I'm just saying keep your eyes on them because these are like real serious growth companies No doubt Yeah, no doubt Hey, man, I tell you what that if I could ever repay you for the value that you're providing at least to me specifically Um, I I would jason, but I you know, don't don't focus on that other stuff Focus on that quality content. I mean you're winning those interviews. Just continue to put that quality content out there that that That that's really difficult to do. Um as you start to evolve in this progress Hopefully you you get to catch those bridges of other projects as the as it evolves and and it will You know, um, my brother said youtube was like a business opportunity with uh unlimited upside potential You know, you don't have to get crazy about the ceiling not moving fast enough You know, it'll eventually move there if you're diligent about it and more importantly that you enjoy doing it You know, I I think there's a lot of go ahead And if you're consistent about it, you can always reset right or you can read Recalibrate if you're all getting off track or you you know what I mean? Um, so Yes, you're right. It's uh, just the internet in general Is provides all kind of an opportunity. So uh, very thankful But look, I know we just get about three minutes left. I know you like to close it out. Um, you need I got about Go ahead. I was good. I was just gonna drop if if you were gonna close Yeah, but not before I thank you for your time It you you've got to be busy You're obviously riding a wave here on youtube and you know, I I don't want to press you I just want to say keep up the good work You know, you're killing it Oh, it means a lot to a lot of people man and people tell me that and I think sometimes We don't say it enough because it does take a lot to provide this stuff It does take a lot of behind the scenes jason Um, and and so just from from me. I'm a fan too, but appreciate you coming on as usual You're gonna be a mainstay on the live stream. If you don't mind making that happen. Okay. I I really enjoy this I think it's a lot more dynamic for the group. So Um I don't do too many uh, I haven't done a lot of collabs recently and I and I'm always but every time you ask I'm always Definitely game because you're definitely someone who's always been real and always been helpful and always been I mean, you help me hit a thousand subscribers people don't even want to know that but you you I might remember coming into chat and I don't know that I maybe it was the right thing to do. I don't know and I I don't I don't remember stuff like that. I just at the time it was the right thing to do That's all I don't I was just Struggling trying to make trying to not say and I'll have too many times You were still gonna 100% man 100% all the best to you and the family j have a great weekend. All right, man See you guys. I'm a brother later Very cool few seconds left. Anyway, if the family's still watching from or are gone I will give my shout out to my family fantastic everybody Katie Jared Caleb fantastic mom dad awesome There's your shout out for you guys That's where I come from. Yep. That's those are my roots and I hope that's transparent on the channel For sure. I especially want to thank you guys for for joining You guys can daisy chain over to the next live stream if you'd like I'm actually going to stay behind in the gallery for a few minutes actually And speak to one of my good friends in here who's with me We're just going to talk a little bit a few minutes anyway If there's somebody there that's wanting to come on and and talk to me a little bit one on one Not as part of the live stream. You're welcome to do that. I will drop the last invite in there So just stick around I provide that at the end of most of my live streams. I think it's cool We're breaking down barriers guys That's the whole idea and that's the whole idea for you personally If you've got barriers in your life Hopefully we helped identify those for you and get you working on your pb Your personal best guys. Take it easy. We'll see you next friday. Take it easy