 Welcome everybody back to the independent investor channel here on a Friday evening. It is nine o'clock We kick this live stream off every single Friday We typically try not to miss because I think especially in times like this People are the most vulnerable And they are the most susceptible to the temptation that's going on right now I think the mass media would have you believe that we live in a completely different society Or a completely different country than we did just a couple years ago I think it would be interesting to cross compare the rhetoric that came through just a couple years ago Even as early as last year and compare it to what is being Dubbed right now as what seemingly is the end of the world And I think the importance of this product is to keep the long game in mind The importance of understanding what it truly takes to be a long-term investor and to win at this game My absolute favorite investor and one of the biggest influences that I've I've had in my life I'll share it with you now if you didn't want to hear it from, you know A lowly youtuber that you have no idea who I am This is a project to pay forward my unique experience with investing and It does have commonalities that people can relate to because I'm in no In no case anybody special. Okay. I'm not I'm not a financial planner I am an avid investor. I've been participating in financial markets for most of my life I've been through a ton of downturns. I have a ton of experience In actually experiencing financial markets and what they have to dole out But if you wanted a little bit of an understanding about Some of the principles that I teach along Especially how to separate from your money Peter Lynch is the best. There's no one close You can Google Peter Lynch or you can search it through YouTube. You can you can find all kinds of different? Understandings of how to do this game, right? Okay? There are an infinite amount of ways to approach the money game and do it wrong If you're gonna just be a feather in the wind It's gonna be very very difficult for you because when times are flush You're gonna be blown in all times of different types of different directions and when times are like this and seemingly the world is coming to an end Peter Lynch would calmly suggest that markets go up and they go down. It's just that simple It is how you react to it and if it were to be something that you would engage in and it would be Something that you couldn't handle or something that was you know detracting from your quality of life and and and you fail to understand the why in and participating in financial markets and and seeking exposure to financial markets, then don't do it Don't do it life is way way too short to be to be succumb to all of the rhetoric right now, I just laugh a little bit because You know really there's nobody out there that advocates for the retail investor nobody And it's times like this when the knives come out and and knives start getting us ducking people's backs and people Start to be played on with their emotions. I have people come through the channel all the time and and start to Play on these emotions and I told you this exact exact thing would happen We will emerge from this. I think the latter portion of this year. We've had a couple of comparative periods In the past not many but we just went through the worst month since March of 2020 and for you guys remember That was the pandemic low so It doesn't get really any worse than this not to suggest that it can't continue to retrace to the downside But I think we are closer to the end than we are the beginning and and like I said and Nobody has really agreed with me on this, but I'm right technically and looking back On the charts to the beginning of 2021 is where the real roll-off for me started It rolled off on financial markets at the peak of the Dow at 36,000 700 something like that. I don't know what the comparable SMP mark was at the all-time high But here we are, you know a strong 18 19 months removed to that and it's just been exhaustive down draft since then and What it what does it really mean? Well, it means that the markets are getting cheaper perhaps maybe they've come off of levels that they shouldn't have been at I'm not sure You know at the times people were justifying the market valuations and and Contrary to those opinions then They're doing the complete opposite now. Everything is oversold. Everything is super cheap yada yada I really think you need to pick your moments very very carefully I think you need to deploy some discipline and strategy the most important thing about understanding Financial markets and more importantly succeeding at them is to have that mental edge Okay, don't be that feather in the wind. You've got to really understand why you do this thing And you have to adhere to the principles There's a few things right now that are kind of pathetic that you could deploy that may help you out a little bit Not looking at the portfolio. You guys know that I haven't done the portfolio review for a while It doesn't you know I think that there's an edge of perhaps maybe demeaning because I represent Somebody who doesn't come from money and is looking to carve out something which is the very very most difficult thing to do Look if I was given money, I could come on to YouTube and just profess that I'm an all-star That's far from the truth. I've earned every penny that I've had and I've earned to a hundred $5,000 mark now two or three times In in multiple accounts only to see those accounts digress and fall below that six-figure mark But from a total overall portfolio perspective, we're doing fine. I'm fighting right now to kind of understand how I can Inject some capital to two financial markets I'm always dollar cost average in the market and and and always stay in hungry And looking to pick my spots and and deploy at what I can when I can it's that simple the game doesn't change But the very fact of me and my ability to strategically look at markets and and and separate from What I think is a lot of emotion out there people are Getting crazy as they always do and and I find this to be Interesting, I guess we fall victim to the same old bad habits because money is just all too often too overwhelming of a Topic to watch deteriorate in value for a lot of people I just think a lot of people can't handle that and I think I if I was going to wish upon financial markets This one thing is that the learnings of the past can to be deployed to your future application what I mean by that is The markets are so predictably Predictable in way of basing our expected future Movements based on what we know has happened in downturns of past So is it safe to say that? Maybe it would feel good. I guess to just throw in the towel and sell everything I guess I I just think that a lot of people have Emotions running high right now so when you know suggestions like that are pushed through media and there's conversations right now That just make me want to fall off the couch A little bit. I only catch 10 minutes a day because I'm too cheap to buy CNBC But I do catch my 10 minute preview and I try to strategically gear it around the close of the market guys I'm busy all day. I'm absolutely firing away on all cylinders Really the stock market is the only thing that's holding me back right now Everything in life liberty and the pursuit of happiness for me is firing away And the only way that I'm going to be held back in this life is if the stock market Never materializes into something that 36 7 was it for the now I would will be the inevitable all-time high never to be returned to again We all know that the probability of that based on historical Observation and study is to understand that these things come in ebbs and flows These cycles in the market are completely normal Even in the face of you know, what's deemed to be high interest rates here in this environment We really need to take it into context and understand that the beginning of 2020 this decade has been absolutely horrendous, I mean it has been absolutely horrendous You could you could write a Billy Joel song just on the last two years on what's going on in the world What is currently going on in the world? Why people are you know Really picking allegiances of both even here domestically and globally tensions run high Do they need to yeah? Yeah, I don't I don't know I I attempt I tend to view the world from my own lens and I will never look upon the world as something other than Phenomenal because I meet phenomenal people every single day I'm one of those just go to work hard-working people That are looking to put some coin away, and I think there's a lot of people that can just relate to that message But boy oh boy, I don't know if it's just the I don't know I feel like I've got some sort of shining light in me I'm just a positive person so I guess what I see on mainstream media and with the Availability of information now so forthcoming You know you're always up to speed on what's going on geopolitically in the world You're always up to speed on Viewpoints from one perspective or another talking about you know Alliances in the world and what this could potentially mean You know what the current presidents doing and what past presidents do to be honest with you I don't put a whole lot of stock and either one of those two categories I guess the measure of my impact is when do those actually impact the bottom line And I think since the down draft has happened We've scrubbed fifty seven trillion dollars trillion dollars of wealth We've scrubbed three point three trillion dollars of wealth from the stock market just this month. Who's to blame? I don't know if you think that that's productive to play the blame game You're you're welcome to engage in your own thought. I'm not your father You know come on to the independent investor channel to have me tell you how to think is a matter of fact I would encourage you to operate along those independent lines of thinking but you know What what does it mean for us as individuals see that's what the project has always been about is seeking that individual power okay, and You might think okay Wow, and I have some people that are like wow, how's your highly on position doing? What's the percentage of the total overall portfolio? What's the portfolio doing? I? Haven't really paid a whole lot of attention to it I would presume that I'm down recessed in the in the portfolio positions right now But what really is the difference between five hundred thousand and four and a quarter a lot of people would say man Ryan you could have bought a Mercedes with that Yeah, yeah, I could have but I don't value that see that's the thing is up I were just to go out to buy a Mercedes Benz to drive on the freeway and scratch the bottom going over speed bumps and catch rock chips in the In the windshield and in my you know twenty five thousand dollar paint job. That's just not where I see value And and I wholeheartedly sit across from a YouTube audience and if you're taking away the goods The goods are such to understand that you can resonate with this idea that Peter Lynch comes forward with an Understanding that if you're going to participate in financial markets, you need to understand what you're signing up for have to Okay, and there are certain things you can do when we're observing an S&P that's off 25 percent right now For a lot of retail investors that have the ability to double up their position right now Absolutely do it if I wasn't restricted in my Roth IRA by contribution caps It would be something that I would be looking at doing right now double up your passive positions right here down 25% Is it going to go down 50% yet? I don't think so. I really don't think so I think I just think now with the sensitivity around information and I don't know perhaps maybe I've had a few people come and push some pop shots toward me over the last couple weeks. It's been interesting, right? my favorite people who seek me out to Somehow call into question what it is that I'm doing But they fail to even ask the right questions to really understand why I do what I do even though I fully explain it on my on my On my independent investor project and you know people can hit me up on Twitter. I'm over there pretty frequently You know following the highly on story as well as some of our patrons and the group that also follow the highly on story But aside from that if you truly had a question you would ask That's what normal people do if you were truly interested But I think a lot of people feel good about terror and other people down because that's what I represent I represent Somebody who did not finish college. Okay. I do. I'm not a degree holder Okay, I represent the hard-working people in this country and abroad. I represent People who go to work in opportunities less provided by The the ones that I'm provided with here in the US and are still looking to carve out something special in their life Those are the people I represent. I'm not interested in those people Who who fail to acknowledge that you know the very opportunities that are available to them They spend the majority of their time focused on other people and I cringe a little bit I I think it's I think it's crazy man. I I don't spend a whole lot of my time Looking at others. I don't spend a lot of my time Trying to tear others down. I don't spend a whole lot of my time if any Focused on those specific things. Why it's because and a lot of people if if if I was going to give you Really the goods and understanding where my focus was the majority of the time the focus is on me And I think people really do just need to kind of pay attention to their own business a lot of the times I I think a lot of people get it wrapped up on what the masses are doing what the glow what the Consensus is I hate that word, you know, what is what is what is the? Socially acceptable way to think I mean it's interesting when those influences come in to my head and if I could speak openly I certainly would but I'm restricted in in Pushing out my true feeling on the independent investors channel someday when I do retire you guys will Benefit from an unabated voice But for right now I have a governor over my voice and I have to deploy that governor most of the time and Letting you know my feelings on you know being very very certain on what gender I am at this particular juncture in my life But a lot of things have changed in society. That's for sure a lot of things have changed Not sure if they've changed for the better or for the worst not sure I think more positivity needs to be had I think a lot of people need to take ownership and stock over their own personal program. I think if they did that I think they would take those small steps and In in pursuing something so much better now Peter Lynch cuts right to the chase So you have to pay attention to the lessons of What you need I say it but what what is my voice carry as far as assistance that I'm rendering to people that You know may think that getting caught up in arms about the current stock market Situation is something to be emotional about I can sit here and tell you As calm as I can possibly tell you that it does absolutely no good. No good And I would take a step back and and suggest that people really do a self critical evaluation of how they're handling this current situation and when it does improve and inevitably my friends it will and I will take my finger off of the buy button which we are in right now I've been buying the step all the way through there has not been a month that has gone by over the last 19 months that I haven't dollar-cost average to this market in a fairly big capacity and for you guys that are interested I do I do at least $2,500 a year with no problem dollar a month excuse me a lot of my income 20% goes to the dollar-cost average man. I'm buying those stocks and my passive investments are holding right in there Highly honest taking a digression back. That's one holding and a fairly large position of my portfolio at about seven or eight percent That's gonna that's gonna hurt the portfolio, but for the passive aspects of the portfolio really just It really just speaks to the importance of understanding what I'm what I'm asking people to To take on And it's something that's not as scary as people think that it is and passive investing is something that I think a lot of people Feel that they cannot They cannot handle And and I'm here to suggest maybe even just you need to toughen up and if you need a little bit of tough love and Suggest that people need to stop coming up with excuses as to why they need to remain on the sidelines They'll look at markets like this and justify this all day. Well, see Ryan. I told you I told you so I've been telling you so for the last 10 years. You're right. You've been telling me I understand But see that's the thing is I don't tell you squat Why because if you had just listened to what I just said, I don't pay any attention to you All right, this is my give back for 60 minutes and you guys understand that on the channel I'm talking to CEOs or I'm doing my live stream. I'm not doing a whole lot of fuffity fluff fluff 9 to 10 minute YouTube videos I leave that to the majors to spread propaganda and garbage to the masses Eventually they're gonna have to atone for their actions and look in the mirror and say what in the hell did I do with my life? Did I truly make an impact or did I? Influence people in a way that probably Shifted people to the left when they should have been looking to go to the right and in in all in all fairness And I heard I hold people personally responsible for their own actions I don't expect that you come to the independent investor channel and this is probably a lot of the reason why a Lot of people don't relate with me because I do call into The necessity of personal initiative. I do You have to be the one to own your mistakes and you have to be the ones to own your successes when this market turns I'm gonna tip my hat to each and every one of you guys. There was somebody who came in I think it was cash use who said like-minded people Before they came in yeah, I agree with that There's there's something to be said about holding true on financial markets and and what what I was suggesting that the markets are maybe getting a little bit immune to Understanding that if we've been through this Numerous times over and over again downturn after downturn after downturn and every single one of those downturns render a recovery Well, don't you think that investors are kind of maybe? I don't know a little bit hip to the procedure and they're waiting for that opportunity that they have to either buy this opportunity for that Eventual turnaround that we all know is inevitable Eventually whether or not it happens this year next year or in five years If you're investing for the long term, you know that inevitable turn is gonna come because that exhausted selling cannot last forever Because you have an opportunistic investors that are on the sideline looking at this thing and going I don't know man Maybe it's time to kind of start taking a stab at some of these stocks They really haven't given me an opportunity at all look at the opportunity that you've had to buy Metta for example over the last five years Very very rare you would have had that pandemic drawdown, but if you took that out of the equation There's a lot of stocks right now that are providing some phenomenal phenomenal entry points I mean Eli Lilly looks really good here. I like Bristol Myers I always had recommended them at fifty six dollars to take a stab at I own every one of these stocks I don't typically this is sharing what I what I own You can't take this and and and go buy a bicycle and and go get yourself hit. Okay. This is not financial advice Okay I'm not I'm not even allowed to talk about Apple stock, but everybody out there knows that it exists Okay, part of the barriers that we're looking to draw down on on social media Is to not allow those institutions to control the dialogue? in its Exclusivity people need to be previ to this information and we need to talk about Financial wealth building and personal finance a little bit more common place and stop buying into all the manure That's pushed through social media and mainstream media to have you believe that there is no hope And that is exactly the corner of the independent investor channel through social media that we're looking to Share with people to inspire people in understanding that from year to year Things are gonna seem really good and in other years. It's gonna seem really really bad But in all reality if you just take a breath The same breath has taken last year that you just took this year and it will be in forthcoming years And nothing changes with you except for your mindset and Attitude and the demeanor by which you go into specific investments guys Appreciate each and every one of you guys being with me on this Friday. I'll be back with you in just a moment Means an awful lot to me these These subscribers to the message that have been with me for quite some time and investing with Aaron Has been with me a long long time Kind of a different channel on my on my gig I don't know if the idea behind YouTube is just to come on and just sit back and just watch in awe and be entertained I think you'd be damn bored if you came into my channel and expected that type of entertainment value out of me because I'm not an entertainer and I have An extreme amount of dry humor flowing through my body because in the back of my mind life to me is kind of funny Like I look at how certain people act and I look at how a lot of people are really really stressed out all the time And I you know what people would aspire to do, but don't necessarily have the courage to do You know, I just finished up this week. I was in the gym again at 515 every single morning Man 515 I get up at 445. I was in the gym. How many of you guys were in the gym every single day this week Well, the stock market was really bad Ryan. So no, I was not in the gym I failed to find the correlation as a matter of fact if you took out a Page out of my playbook. You could probably understand that there's a deeper meaning To understanding what it is that I do and why I do it, but investing with Aaron Offers here. I've been continuing to DCA the same amount every two weeks. That's a pretty aggressive schedule You know schools of thought would put you in a month and you won't miss that you really won't It's like putting on your seat belt to be honest with you, right? And that's what a lot of investors need to buy into this attitude of parlaying surplus capital from their paycheck or inflow or whatever your source Of income is that's why a job is kind of in kind of an important thing. I don't know so you can kind of Expect that there's going to be some Anticipated inflows into your household. I I don't know. I'm sorry for all you people who just want to retire at 22 years old I apologize. I'm 45. I'm not retired I don't want to I probably never will guys like me don't retire But for the last five years, right? So in fact, I'm buying extra in stock the last couple of weeks I think that's prudent. I think There's some interesting plays right now. There's some really interesting plays in the growth category And I would draw your attention to a couple of names that really look interesting Palantir is one that really was nice It had a huge huge drawdown this week and Palantir was one of the lone winners in the market Too too good of a company to be just drawn down this big and the second I would look at here in the in the growth category I don't put these into the speculative growth category because both of them are making money and over fist Is SoFi Bank? Okay, SoFi is an established Financial financial services provider Actual Chartered Bank and now Got about 2,500 employees. They're big They're doing some cutting-edge stuff and it's really banking reimagined. I like where they're moving They're kind of on the front of the wave moving away from More of the traditional banks where I would suggest that I don't know maybe Bank of America over the next 20 years Will probably fail in comparison to a SoFi that's looking to kind of revolutionize the industry a little bit but Palantir, SoFi As long as as as well as some of my other conviction picks but right now Looking in the ultra growth category. I'm talking to a lot of CEOs and they're saying the exact same thing All stocks right now no matter what they're doing are being thrown out It doesn't matter. So companies that are doing more this year than they did last year at lesser valuations now Stock prices have remained static or actually edged off a little bit. You're getting the exact same company stock Discounted now with an actual improvement to that to that actual company inject So just some insight on kind of what I'm looking at from the pulse of some of the CEOs The CEOs are frustrated as as as I am as an investor because as an investor I want to look at value and this is the very disconnect between financial markets and the Irrationality of the stock market. You can't look at what's going on right now and make sense of it Okay, it's not it's not meant to do that guys You imagine one entity called the stock market and the entire world is looking at that one entity And they're all trying to figure out how to how to beat it how to find an angle How to find that secret Blockchain key to unlock it or that mystery answer to it and in all reality the people that understand that the living beast that is the stock market cannot be understood in its Totality it can be enjoyed it can be Ridden it can be participated in but to understand it in so far as having the answers as to Know when it's gonna zig When it's time to zag or you know, it's time to invest, but maybe it's not It's a futile effort to try to think along those lines The question is do you want to become an investor or not? And and Peter Lynch really does speak to this idea that you really have to understand the game before you get involved with it Control your risk. I know there's people out there right now that are like dang I wasn't really sure if this was what I signed up for You know and people with larger portfolios to I know some folks in the group here I you know, I see Matt Matt's a good friend of mine, right? So Matt's got a larger portfolio How does a guy that has such a large portfolio look at this and say gosh, what did I miss? What what could I have done, you know, and I Hope he doesn't go through these deliberations, but the thing about it is I don't expect anything less than human being from my audience I expect people that to admit to Mistakes, let's just put mistakes aside and investing and say I'm just a human being this sucks Okay, this sucks Would I have liked to see 250,000 vaporize? I don't know. I could have just went out and bought that Lamborghini I don't know how comfortable they are Matt. I really don't but You know the idea and the thoughts come into your mind because there's nobody that's out there perfect And it makes you think gosh, what why didn't I see this coming and you go through this hole You know, why why didn't I sell at the top or boy if I just could have sold and sat on the sideline this whole time I would have been better off for it. Those are all really just those are tough thoughts But you know for a guy like Matt who's in a situation and I know he won't mind sharing He's in a different spot if he was 50 55 60 years old The game would have been different to start to wealth preserve some of that capital as you move toward later on in life But for Matt, it's completely different and there's a lot of young people that I'm gonna give you some hard love You'll weather this storm. That's just the right answer. I'm not gonna tell you. Yeah, you should have sold at the top Yeah, you should have seen it coming. Yeah, you should have seen peak inflation coming Yeah, you should have seen those mortgage rates bottoming at the beginning of this year. Yeah, yeah, yeah this and that now I I don't I don't think along those lines because it's easy to say now in retrospect But at the time we didn't have the luxury of retrospect We had what we knew at the time and we react accordingly and the tried and true rule of thumb as such to have us believe that by staying involved in markets No matter what is the is the best thing to do stay involved in markets Do what you can to kind of fund that volatility a little bit sometimes it seems like it's going to a vacuum But it is absolutely the right approach and it's hard to hear that stuff right now It's not hard for me to give that information because I know that there's if there's Multiple people out there and there are there are hundreds of people if I if I should even dare say a thousands of people Who catch my message I have to make sure that the words that are coming out of my mouth are Ones that can can fall on the majority of years that are willing to hear it And if they deployed that information, they'd be better for it Where there's rogues of social media influence out there where there's rogues of mainstream media influence out there that would have you believe That somehow the world is coming to an end. Is that really how you want to live your life and furthermore? Do you really want to invest like that? Investing strong feels good and in Financial markets you look at it and you're like, yeah, man. All right. I'm down. I was explaining at work I was like, yeah, I don't know. I'm down a Ferrari right now in the market, but again, it just kind of comes down to Realizing how futile that line of thinking is and how kind of unfair it is to yourself to engage in that line of thinking and you lose track of all of the buildup that you've had over so many years of having that opportunity to have that sizable net worth and Enough buffer to take the market into a downturn and be in the position for the next leg up Because that's where the money's made my friends the money's made In a capacity of a forward-thinking investor looking at it now. You're like, oh man I can't I can't wait till it happens. You know, I want it to happen now That way when is that validation going to happen and looking at it in the acute You're probably never gonna have that optimal validation You know, you'll look at it at some point down the line and you'll be like wow Ryan This is great investing is great the markets bananas. I'm awesome You're awesome and everybody's studly and I'm gonna quit my job And I'll be quick to kind of maybe just come on with my monotone voice, which is what I do I usually use language like cautiously optimistic or I put things out there that if you wanted to go ahead and Liquidate certain positions. You could do so when you're up in positions Times like this is absolutely not the time you want to be liquidating You want to be doing the opposite of what everybody's doing right now? It's hard for me to really say that I say it tongue-in-cheek. It's hard for me to understand that there's people out there But still have not got the message and those are the people that I don't know what the solution is I don't know I can tell people until I'm blue in the face to remain tried and true on financial markets But I know first off that people are going to succumb to the pressure and and make an ill-fated Emotional decision and and and those are those are just unfortunate. We can't save everybody What we can do is give people that perspective to understand look man If you are truly separated from your money, then stop focusing on your money all the time That's really the key You know being in the gym every single morning Nothing in my day. I love my job and it goes really fast But nothing in my day goes faster than the hour and a half that I spend at the gym. I'm there at 5 15 I leave at 6 45. That's about right. That's an hour and a half, right? All right, nothing goes faster all of my repetitions down to my Reps and sets I know exactly what I can do per the minute to get every single maximum benefit out of my workout in the morning And I feel like championship. I do man. I feel Absolutely energized I'm feel I'm feeling Spiritually like I'm I'm very very strong makes me much more balanced. I can deal with anything at work Some people don't they they succumb to it. They're like And I'm very very just calm and monotone like yeah. Yeah Hold on a second to my bleeding. Nope. I'm not I'm good. I'm good Let's take this problem and we'll address it and we'll find a solution for it Okay, and if we can't find that solution now, let's work the problem until we inevitably find that solution down the line Okay, okay. That sounds good and I like talking to you. Hey, I like talking to you. It's like I appreciate you I like you talking to me too. I like being me. I like you therefore we can get along great All right, don't be angry next time. All right, let's just calm down and we'll deal with it Once we solve this problem, there will be a hundred more for us to solve down the line Okay, and we'll be better off together for it. All right solving them problems. All right What a surprise she says I've been in the gym all week That's an absolute powerhouse. I just speaks to one of those things that in life All right, and I learned this lesson a long long time ago in my younger year But it's a lesson that I've carried with me my entire life in life You have to control everything that you can possibly control because life will do the rest in other words Nature right we just had a bad storm ripped through Florida this week and my Condolences because it was a really bad deal down there. A lot of people lost a lot of stuff I was going out of the office today, but I got some Scuttlebutt when I got back into the office. It was it was pretty bad, right? It just speaks to my thing where you can have things just dialed in you can have it under control And those are the things that you really take a lot of confidence in you know I mean those things that you're like, okay, I dominate this Financial can be that you know for Ashley It's like same as me right the exercise piece and you know Hopefully the diet piece and somewhat of what we have spiritually under control, right? It's important All right, but no matter how much control we have over those things you have to Anticipate that life is going to dole out those those rough cards those jokers those jokers are going to hit every now and then and The more control that you have over different aspects of your life the more prepared you are to deal with those Unexpected Injects and that's kind of what I the way I approach life I it's as if you're preparing for some somewhat of a battle now if those battles don't come It's kind of cool to prepare for the battle and then be You know Caught off guard by life when it when it actually gives you a little break, you know and says hey Ryan You're doing fine You know, here's a little bit of a little bit of a carrot at the end of the stick man Here's a little bit of that incentive that you've been working so hard for and that's pretty cool I think maybe When you do work so hard and having that control over those many aspects of your life profession Personal finance fitness dietary etc those types of things when you work so hard at those Maybe it's a good deterrent From those headwinds it can be a deterrent to the market It's a deterrent to the market for me and headwinds and people are talking about all this stuff and I'm like Who are the people that are hearing this like are you doing more damage? Nobody comes on to the television and says look Here's the thing. I'm gonna say a bunch of stuff. That's gonna sound really elegant right now And it's gonna make you think that you need to dive headfirst into your prepper bunker But here's the truth of it Okay, listen up because this is gonna be the most Prudent thing that you hear from me after I go on about my rant about the prepper bunkers and you know The gas masks and all the stuff that you need to do MREs and and and all that stuff The the truth of the matter is all you need to do is hold true on financial markets That's the truth. Okay now I'm gonna try to sell you on a bunch of other propaganda and we're gonna bring on a bunch of bears and a bunch of market analysts that That seemingly know exactly the direction of the market and where it's going and they're gonna talk to you about going to a 6040 portfolio and I find this stuff funny every single day. It's a new lesson in Stupidity in how they're trying to appeal to the masses when it comes right down to individual power and And the buffer that exists between that individual power those people that individually have control over the life men They can swap that stuff away like flies. It's great to see you. Thank you so much for coming into the group big shot out for men NYC There I appreciate to stop it in and actually make it a comment with 15 minutes to go on the live stream I appreciate that very cool But you understand what I'm talking about man. It can be kind of the best deterrent to those market injects and You know, I think it is relative I think a lot of people would look at what I'm going through maybe in my personal portfolio I share that and that's an idea of maybe what to expect look if you're expecting to be up into six figures of wealth and you know a quarter million dollars five hundred thousand dollars seven fifty in wealth Then if this bothers you right now because you've got twenty five thousand dollars invested, maybe you're down six seven eight thousand bucks You're gonna gain Perspective from this. Okay, and you need to ask yourself in accordance with Peter Lynch would charge you with understanding is Is this part of the game that you can understand? Well, yeah, I don't I don't know right it kind of sucks, you know because eight thousand bucks I mean, that's a crazy good vacation, you know, and You need to do a little bit more conditioning And if you need to dial back and scale the portfolio in such a way that maybe take some risk off the table Maybe the very fact of the matter is your portfolio does not reflect you as an investor right and When when when we talk about Portfolio building out there Building the portfolio from a defensive perspective is in any new investors best interest because even new investors Trust me the ones most of them that I speak to they don't understand their own risk tolerance. They don't and When you succumb your portfolio to this type of volatility, that's the very aspect of the learnings that go on In in understanding what it is that you can take on and what you can understand the rest can be buffered in cash You know, I still have a very robust cash position and I'm trying to segue about To how 10 to 15,000 right now, maybe it may be upwards of 20 But probably around the 15,000 mark into the market right here at a strategic by 25% off here on the S&P 500 I think it's phenomenal phenomenal timing I think a lot of the dividend names a lot of good names have really rolled off at Costco at home depot is a fantastic entry right now Costco is one of my conviction buys right now Costco is just a phenomenal business You know a health care continues to outperform because it's just not tied to the whims of the market Health care right now is my outperformer in a sector right now Technology just started to roll off. Obviously Apple is now down 20% off of the year You could probably pick up about well, I think it's going to 120 I don't think that it's going to be immune to this roll off because I say I think Apple still trades at a very premium Valuation at 23 times. I think I would look at at Apple coming in If you could get it as low as 16, that would be lovely, but I don't think you will I think 18 19 is more realistic to get a good Entry in what I consider to be the most premium company out there in technology You know, I I'm a big fan of Google. I love Google Trading at 18 times right now Facebook trading at what 14 right now, which is sure really stupid Really stupid. It's being driven down right now by the headwinds that exist and Some of the controversy that always seems to crop up every couple of years with Facebook and with meta and You know their initiatives with You know with the metaverse and what they're doing with augmented reality is exciting stuff and They've got plenty of cash plenty of cash flow You know the systemic risks. I do acknowledge. I really do. I think young people are just not on Facebook I don't believe they are I believe they're and they're on tick tock. It's just that simple and You can believe it or not. I think Instagram is a valuable property But you know, if you were gonna buy, you know meta 250 here at 140 is really kind of silly I never thought we would have seen these levels last time we saw these levels was pandemic low and The last worst month that we had was March of 2020 and that was boy A very memorable time for me when I looked at the market and I was like, yeah, this is horrible Market volatility drove the market all the way down to about 18,000 on the down I don't think we'll come close to that, but yeah inflation rates are sky-high like we need to see real estate roll off pretty well You know the real estate the real estate Market the realtors out there doing their very best to continue to milk and Those people that are buying houses right now. Yeah, you got more balls than I do I forgive my forgive my Language, but yeah, you guys you guys are crazy You're buying real estate right now All the power to you unless you're a hedge fund and you got all the money to spend and you know If you're entering into a property 800,000 that can digress to 600 that's going to be worth eight fifty nine hundred You know a million dollars in ten twenty years, right? It makes sense for you but for you guys that Run the risk of entering into five six hundred thousand to see it go back go back down to realistic levels four four fifty four and a quarter Yeah, all are crazy Just I mean be be be willing to sit on a on a six-figure vacuum Of equity if that's what you're willing to do, but I'm not wishing ill will on anybody, but The real estate market was really bananas. I think that's the biggest headwind Outside of of our national debt, which I've talked about through the life of the channel I think that right there is the best biggest systemic risk to the market and it's one that I like it is Indefensible it really isn't can we carry a debt as as a strong country like we are? Yes. Yes, we can but I Think the deeper that we dig this hole the more of a concern that it could possibly be and it's a lot of the reason why I typically don't at least for me Go all in on passive. I don't go all in on on on dividend stocks. I don't go all in on growth I'm really looking to exploit across the board and that really does kind of justify my Small introduction in into cryptocurrency at this point to try to diversify the assets The only asset that I cannot justify Right now is in the commodity space. It's the only thing that I I just have no desire to own I I have a little bit If I had the things that I know is necessary to safeguard those those commodities Golden silver in hard currency, but I just don't have I don't have the bandwidth. I don't have the ability I don't have the location I'm in a very very hot area here in New York City, so I I'd rather not bring attention to myself Outside of my t-shirt wearing agenda with my bare feet on my Friday live stream I'd like everybody to just to presume that I'm a very boring simple fella And not understand the truth that in the back. I'm kind of complex and I'm always thinking about those things but it speaks to my insistence on a diversified portfolio, but guys if you want to leave some Comments man. I'll get to it. We got ten minutes left If you want to come on for the last part of the live stream and say hello You can that'd be kind of cool if you do come on and I get somebody to come on with me I'll actually go a little bit longer if you'd like It's been a hell of a week hell of a month. It'd be nice to close this down the invite I just dropped in the comments section man. So if you want to kick on and say hello Give me your insights. Let me know I'm off my rocker But you know for me to come on sometimes I come on and I'm I'm emotional. I have fun with that stuff I do This demeanor is more along the lines of how I typically am and in my day-to-day application and If you guys want me to come on and get all fired up about the stock market being down or up or this and that I'm sorry to disappoint you, but I'm just not gonna do that. Okay? I will and em and always will be invested in the stock market. It's that simple so if I choose to digress and Deploy kind of a pathetic strategy and that's to not look at my portfolio every day Because what's it going to do? It's going to make me happy that it's down every day I'm on at our markets, but to look at the portfolio every single day. It's feudal. It's stupid I'm not doing anything with it. I like every company that I own. I'm not doing anything with it I've strategically positioned in accordance with who and what I want to be as an investor. I'm good to go So I just don't do that. I focus on other things, but that's cool stuff and I get garen in the house Shout out to you man. Great stuff. I just joined you believe what we seen is Fair since the entire macro has changed since the bull run Started in 2009 very insightful You know, it's funny man because I I was always very critical when I took on YouTube. Thanks for leaving your comment I was caught. I was I was very very critical of those investors out there that had less than 10 years of experience because Even folks and I don't name names anymore. I'm not going to do that on my channel I'm just not you know exactly who I'm talking about a lot of people built up a hell of a large following By getting people hyped up about the stock market in in in buying into this idea that the stock market goes up all the time And you can just buy whatever doesn't matter What people are finding out right now is that ultra growth and even the fang stocks Remember the fang craze three years ago. You had people pouring into those stocks pouring into them. Okay For all the wrong reasons Did not fit in portfolios thought that because they entered into them. They had just traditionally gone up all the time So therefore they're going to continue to go up and therefore I should buy the stock But to your point about the bull market, you're absolutely right. It was a great run. I'm not going to suggest that it's It's not going to continue on an upward trend over the next 20 years. I just think that technology I Think that the trend the energy revolution is is a big I think that You know the power struggle for Certain commodities very specific commodities Non-precious metal commodities to be specific. I think EV is very very real. However, you shake it I think it's going to be fascinating to monitor who those winners and losers will be I think add And and online search and and marketing is going to continue to dominate That's why I'm so bullish on Google and Facebook and meta Systems for you guys over the next five to ten years. I think it's a fascinating world I think as the population ages, I think the need for health care is never going to be so prevalent Going into the next decade and even the follow-on decade. I think it's an exciting time in history So I think with everything that's exciting right now We have some very very unfortunate geopolitical things going on right now no matter how you spin it There are some terrible things going on where I could remember, you know Natural disasters happening far and few between it seems like now every couple months We have a new natural disaster and a major storm comes through and just rips through the country and destroys You know a major swath of our neighborhoods and I I don't I don't know I I don't know what's going to get people's attention to take some real initiative Toward change I'm much more amenable to change than I am accepting where we are currently because if I look at where we are currently I'm less accepted of the status quo Then where we could inevitably be and that has a lot to do with technology and how it's emerged Storage of data, etc. Those types of things I'm intrigued that maybe some of the corralling initiatives of personal data That's why some of my initiatives over the last couple years have involved have been involved on that front And that's you know trying to bring some awareness on some of those companies that are are bringing true personal Information securing back to what has been the Wild West on the internet giving away Personal data and information only to be mined and sold back to us over the last You know emergence of the the internet age over the last 15 years I mean, let's be real the beginning of the 2000s has been nothing short of in one word technology And the emergence of said technology it's been fantastic So it's really no surprise to me that aside from you know the dot-com bubble entering into this century The mortgage-backed security crisis and brexit thrown into the middle of that that you know with the pandemic in 2019-2020 Aside from that it's been pretty smooth sailing in financial markets, but you know the real overtone of that has been the Arbitrarily low interest rates. I think inevitably these interest rates are going to actually be healthy for financial markets You guys think I'm crazy, but the cost of capital should not be zero Okay It will absolutely in grain strength and financial markets by understanding that our financial systems have to They have to have a cost of capital there has to be you can't just achieve free capital For no reason and over the last 10 years. It's been arbitrarily low and It's given people a phenomenal entry into real estate So those folks that are sitting on that 2% or around have probably made the investment of a lifetime you want to make sure and sit on those things but You know, I'm a I'm a bull into the future. I had a financial planner from Florida Come on and I wish they'd come on the live stream and talk to me live you guys would see some riveting riveting content to see me debate those people because They don't they don't like guys like myself because where there's a thousand lemmings out there There's only a few sharks like me Who will sit across from those people look up dead in the eye and say that you're ripping people off? Okay, you might be a great financial planner You might be a really terrible one, but your industry as a whole is not Transparent with people. It's not transparent until you start to disclose Through an amortized schedule what the impact of fees over time will be in somebody's lifetime Get the get the hell out of my face Okay, don't come on my channel and start to pick away because you know that I advocate for an Independent empowering message. Don't don't start picking away with me and start to try to validate an industry to me that I've been so staunch on challenging over the life of the channel and that's really what the channel is about is Sharing an idea that you do not have to succumb to those services I think they came on and they checked out a video of mine and they saw my three bowl Pictures my bowl picture and my bowl statue and my two bull statues, which I'm very very they're cool They're just cool and I'm cool I'm a cool guy if you knew me you'd know that but to come on and take those pop shots at me man I've always welcomed those people on the live stream You know what I find very very interesting and ironic is where those people will entertain and They will use the opportunity provided only through social media to throw those pop shots through Because they know that they're not going to get popped in the face, right? They won't even come on and sit a distance from me in my studio and let me know and I would calmly sit there and listen to I'm rant on about how what I'm doing is so bad and what I'm doing is so Misleading and that somehow they should crawl to the services financial planners and succumb to their BS I just don't buy it. I believe in personal empowerment, and I think a lot of people out there are Waking up to this idea of taking control of your own money and a lot of people will do it just based on sheer principle They really will they'll do it based on the sheer idea that Putting your trust in somebody else is Inevitably going to cost you in the long run and that my friends I will leave you with as being an endearing truth No matter how bad it is in in markets right now Those people who are tied to the hip of the financial planners right now are meet not being provided any any level of strategic advantage And they are still being subjected to the fees that they're paying to the institution Independent investors not so much man. We rule our own roost We make our own calls. We own our own programs We take on all the risk and we take all the reward and that's the way it should be in its purest form And it's purest form. You don't need to share your money with others Okay, be a little bit cynical on this thing look after yourself Identify what it is that you can do with your own program to carve out your own path into the future I just think a lot of people when they look into the future man. They see a lot of confusion Guys like myself. I have just about as crystal clear of a path in Front of me and I look to share that with you guys every single week times might seem like they're not very good Right now, but when this thing turns when this thing turns the momentum that me personally I'm gonna feel and I hope a lot of you guys feel it as well is going to be magical It's gonna be special and you guys are gonna own every single benefit guys I appreciate you tuning in to the independent investor channel live stream. It is the fast to 60 minutes on YouTube We completed yet another episode. I appreciate your guys this time man. I'm a debt to you I'm appreciative of each and every one of you guys if you're new to the channel man I'd encourage you to subscribe to the message man. I'm not like anybody else on YouTube I'm completely different. Yeah, they all say that yeah, well, I truly mean it and you can tell through my My approach who I'm looking to speak to in my message who I'm looking to reach And what my message in its core entails when I'm looking to share my own personal journey and story With others so that they may take maybe a small piece or large piece and finding those commonalities on How we can actually seek this financial independence and actually realize it at some point in our life guys stay strong Stay positive and we'll catch you next week on the independent investor channel. Be well guys. We'll catch you next week