 All right guys we are live here on the independent investor channel live stream here every single friday, we throw down on this product to continually. Try to separate for retail investors mostly out there who are interested in getting the perspectives from an investor like myself who have been doing this an awful awful long time. I aim to separate the gray matter into black and white for you I know it's very very difficult. When everybody out there on the landscape is talking about recession recession, even if you say it man it has a negative connotation it's like I'm about to do a nosedive off of a volcano or something. If you just say it recession, it's just so negative. All right, but we are going to talk about recession and the reality that exists there in I don't think just because we've had high inflation rates in the past that. We are inevitably going to move into a recession. I don't believe that just because the nine times previous to this a lot of in the forties and fifties actually when we've come out of high inflation. It does lead to every recession 100% of the time, but will this time be different. I don't know. No, I'm not really one to speculate on those things and I know as often as we come on and we talk about the stock market up or down, you know, it from week to week. And the titles of my videos I had somebody last week come in and say, you know, the stock market's not going to dust, Ryan, you crazy. It's like, well, here's your sign, my friend, you need to watch the video to understand how even I'm a little bit challenging of my own craziness when I put that stuff out through YouTube, because what gets attention on YouTube is not necessarily what people see. And, you know, and just like in the good book, he talks about offending investors at the very beginning. If he were just to be scathing and tell people really what they need to hear, nobody would probably read the good book, you know what I'm saying. I digress. When we talk about recession and what it could potentially mean. I'm going to talk about some of the things that are being discussed right now in the landscape and the reality of it is that the price of goods will probably go up. Okay, and that is an inflationary cause of, you know, what has happened over the last couple of years. It's been a rough go. I did my interview this week with CEO Rich Willis of Parcel Pal. It was very, very exciting, very interesting to hear his insights, especially on the labor shortage. And what he's experiencing from a CEO perspective trying to bring on new talent. He said, we can bring on the talent all day. It's just not out there. We have the demand. We have the money. We have the wages to pay. We just can't find new talent. And that's really the stumbling block there. But the price of good should go up. And the consumer at the end of the day should be the one to bear the brunt of those and then the trickle down of those effects will be forthcoming. But stocks should suffer a little bit. Now, I don't know how long it's going to take. I'm not in the forecasting business. I'm in the investing business. And just like in the good book, the sheer definition of investor as opposed to speculator is probably very important to understand. I know any more YouTube expects me to come on and dance around like a clown, you know, with my diamond hands. Any more diamond hands is being defined as by AMC and hold it at all costs, no matter what the fundamentals will speak to. All right. Now I have the diamonds just to represent the fact that becoming a long term investor really is it's a lot easier than people give a credit. It's amazing to me how many people will run the opposite direction when we're talking about value investing for the future and looking to put a program in place that will withstand the volatility that seemingly is dominating the dialogue now in what we're consumed with in our media. Interesting enough, I've not a lot's changed. The things that I mentioned that is the reality with regard to a recession stocks may suffer and home values may end up retracing a little bit. We are entering into a housing recession and that was like a light switch was it not just last year housing market was on fire and for those folks that were able to enter into a nice home for themselves. That's great. That goes in line with what it is that I'm pursuing in my life at some point when that happens. I don't know right now I have commitments that preclude my ability to make those types of commitments now. But those are the realities the price of goods when we're talking about our basic needs are our food and our fuel and those are the things that we we see day to day those are the most tangible. So when people say recession you know it transcends and it goes beyond the gas and the fuel when in essence all it is is a few more pennies that we're paying for those products but the recession really sinks into your mind and you're like dang. Should I be doing a swan dive off of the big volcano right now man. This is this sounds like in a world that I don't want to live in. That's the reality those three things. When you start talking about the propaganda that will be forthcoming and letting investors know that that's what they need to do is panic and run for the hills and start establishing those prepper bunkers. Maybe some of you guys already have that stuff all prepped up and the MREs are good to go. They're ready and you've got all your dry goods and your canned goods ready to go for the eventual going of the underground and having to having to live out the remainder of our days underground. Some of the sentiment that I hear is negative and it's just negative doom and gloom nothing but losses anytime there's a bear market rally that's just what it is a bear market rally and you know the stock market right now as it sits today having given back a thousand points as painful as did that is in the acute means nothing. Okay and this isn't just why people come in and they listen to Ryan with his opinion who am I I'm a nobody right I'm just a guy who comes on and shares my perspective. This guy is not nobody okay he's not nobody and if you guys want to do yourself a favor and you're concerned about the money that you're saving. Okay I'm going to earmark some of these strategies to try to fight the effects of inflation and a potential for recession into your future you guys are going to want to stay tuned to vote some time to this. It's going to be very very important for you because it could give you some new direction maybe an idea about how to hunker down how to not be such a pushover you know and how to get some validation from somebody if you don't like to hear it from me hear it from the man himself. Okay that is endorsed by Bogle himself and as well as Warren Buffett who would suggest that this is the greatest investing book ever written and it is it is hands down. There are people that are offended by this book and those are the very people that would not fall in the investor category they would fall into the speculation category and it's a lot along the lines of what I do in myself evaluation as an investor. And the portfolio that I have 100% devoted to this craft. It's the very validation of seeing the devotion to that craft play out in real dollars and and and allow myself not to succumb to the negative not to succumb to the pessimism not to succumb to a propaganda that's pushed out over social media. We do a pretty good job of pressing out some pretty good information here and to be honest with you while while everybody's talking about doom and gloom in the markets we got some pretty darn good news this this week here on on highly on with their their acquisition of the of the Carnot generator very good news. So while everybody's talking about doom and gloom and everybody's talking about you know things are just terrible and then somehow you should allow things to transcend beyond the water and the peanut butter going up a few cents. The reason why kind of scoff at that guys is for you to sit back and ask yourself how different do you feel now and you did last year. Is it that you felt better last year because markets were more conducive or two years ago or three years ago or five years ago. Or do you honestly feel a lot worse now than you did before. Maybe it is about your perspective. Maybe it is that you are over levered to the market. Maybe you are in fact a little bit more into the speculative camp and you really feel comfortable being. And that just allows you to take a little bit of time in self evaluation. It doesn't mean you're a bad person doesn't mean that it just means that if you have the opportunity to take a few moments to self evaluate maybe do a little course correction man. Look I'm here to tell you nobody's going to go through this thing and just make their millions unscathed in the stock market stock market does a very very good job of sifting people out. And it sifts people out to such an extent that most people fail and they fail because they think that it is something that they have to beat they have to fight when the market fights them they fight harder. It's not the way it's supposed to roll it's not. And if you just pay attention to the lessons that I teach upon the fundamentals that I teach upon now I do have some speculation in my portfolio highly on falls into that category but I tell you what man. I'm an advanced investor and to take a shot at this particular opportunity with the news that they're making and the landscape and how this industry is going to evolve over the next five to 10 years. It makes all the sense in the world to me and it would be a failure if I didn't follow through with my conviction right. I know what I'm looking at I know what the opportunity is and all we really have to do is kind of follow through with that. It's a failure if I don't follow through with it and I fail to follow through with the conviction that I have but for the remainder of the portfolio guys take a page out of my playbook it's easy to be an investor. The idea that you have to somehow you know beat the market the idea that you have to somehow out snake the market or out think the market or consume enough Jeremy to find that cutting edge in the market. I have to do that man you know that silent alerts in the house man a good shout out to my friend silent alert here man very very cool is my favorite guy on Twitter is one of my favorite guys in the discord group as well. Certainly want to take this opportunity to endorse that group. There's a great group of people and they're great shareholder base I'll put my plug in for those guys I always do stay tuned for the Sunday highly on video I'm looking forward to that. You know there's been a ton of news this week and like highly on has really been succumbed to the headwind and volatility and markets. It's just been kind of unfortunate not to get any type of favor for those initiatives but they will be forthcoming. I think it's a long term play especially with the Carnot acquisition of that technology and 3D printing and the proposed knowledge bank that they've actually taken on. I'm interested to see some of those collaborative efforts between the GE team and highly on as well but hey just another catalyst and it's one of those things that I suggest all the time. Thomas Healy admitted that they had been working on the deal for a long time and it's one of those things that I presume that there's a lot more in the hopper on but midterm elections are coming up in November. We will see the Fed soften up and gain a rally this administration has done nothing so far investors have a short term memory if we enjoy a rally smart words from a smart man no doubt about it. It's great to have silent alert in the community here I totally agree with that sentiment and I totally agree with the other statements as well. I'm typically very neutral with my political application as I as I choose to be actually that's really how I am actually because I've got a lot of views on both sides of the house and I don't like to be restricted in my thought to suggest that I need to think one way. If I believe one way that I have to have allegiance with that specific political affiliation I just don't do that I think a lot of people feel the same as me. I think there's such a disconnect between regular hard work and people in this country which is the real government anyway. Let's be real I think all these people that all hail to the government oh my goodness now the government is the people my friends I'll drink to that welcome to the channel. Say it with me the government is the people yes sir that is the truth and that's what I'm here to deliver on is the truth my friends so it's been a terrible day we'll come in we'll chill we'll talk about the volatility there's a few notes that I have here that I want to get to. That may really actually help you with what we're going through right now and what to expect here in the coming couple of quarters here what it's going to mean for companies what it's going to mean for us and what it's going to mean as a community as a whole guys stay tuned and we'll be back with you just a moment. The Dow dropped a thousand points today and in the context of things it really shouldn't mean a whole lot to you it's a great headline. It's absolutely wonderful and one that the media companies jump on with full ferocity they'll bring one bullion and then they'll chew them up and then they'll bring three pessimistic bears about the market and they'll come on and say I see I told you so. And it's like in the short term those guys look like geniuses and in the long term they look like complete morons. So really what we need to do is keep a level head about us and understand what has really changed what has really changed and what won't happen. If we do enter into a recession and these are some of the perspectives that I look to share with you guys in my own reflection as I look around me and how lucky I am with what I do and here are some of the notes that I made and you guys sit back and enjoy and as I'm going through this stuff I want you to kind of think for yourself. What it is that you have those blessings that you have that will not go away if there's a recession or or the like. I think for the most part this new idea is that we are spoiled as people I really do. I think we're spoiled and and I think when I made my notes here I put here relationships won't go away. It's the most important thing we do and why we do what we do our relationships most important thing family immediate family friends kids spouse whatever it is relationships aren't going to change. And the deeper lesson when we're looking at the investing road is that I think way too many people get consumed by the day to day action especially as it pertains to losses in the portfolio. I had my buddy here make a tweet today said he lost more than most people's portfolio. I got a little chuckle out of it. I really did because I'm just an average fella and I've got a half a million dollar portfolio. So I don't think he lost a half a mill. I'm sure he got a chuckle out of my tweet back to him. But I tell you what you know if you're one of those portfolio owners with 1020 30 I'm certain that Matt dropped a $30,000 bill today. I'm certain of it. But what you're respective of your portfolio size. What we really want to do is to break down barriers for ordinary people and understanding what's possible in financial markets and not not define barriers in so far as people look at this market and they're like how is it that I can approach this and actually win at this. You've got influences coming over here. You got Ryan talking about jumping off of volcanoes, you know, all the negative doom and gloom. I can't do it. And it really comes full circle when I talk to people who don't invest and they're looking at investment as from their perspective. I love those discussions. I really do. I think I'll go with it a little bit because am I the one that screwed up? Am I the one that's blinded by the fact that I'm been involved in financial markets for the totality of my life? Small caveat. I couldn't imagine having the wealth that I have now without the compliment to financial markets either. But that's another discussion for another day. But love talking to those people that, you know, I say, you know, why don't you invest? And those are some of the most real and genuine answers that I'll get from people as to why they don't participate, you know. And it's always interesting to me. And the good book speaks to it. It really does how you can really adhere to more of the tried and true fundamentals of investing to combat what it is that you're so scared of in financial markets. And the second that you adhere along those paths and you see how lucrative it can be. And you won't see that payback overnight. You won't. You'll see it over the course of years. And dare I say, multiple years strung together. The passive investors, they know exactly what I'm talking about, you know, that, that wealth that just churns, just churns in a bubble that percolates, just simmers. It's just, it's just there. Everybody's talking about recession or just simmering. Boom. It's still there. Right. Every now and then you take a stir of the pot, man, and it's, it's there. It's always there. It's not going anywhere. Okay. Unless you kick the pot over. Okay. But that's the cool thing about validation for people and investments when we're coming up against term tumultuous markets and looking at volatility kicking up the way that it has. Look at what the status quo tells us about what we have in our life with regard to what we've built up. What's not going away. What's not changing. And dare I might say those things that may actually improve over the coming years and months in the short term, if that's your, your judge of that. I typically have these things come up when I least expect them, but they always are there ready to catch that potential upswing and little catalyst, you know, highly on took a nice catalyst yesterday, only to give it all back today. Give it all back. It's all good. Give it all back. Those things will pay dividends into the future, but do our responsibilities disappear just because we enter into a recession. Do the things that keep us ticking our employment, our obligation as fathers, spouses, etc. Our daily lives, the things that we do for enjoyment, whatever that is, you know, do does our stuff just dissolve away. And that's why I look around and going through this recession will be different for me just like it is different for you because we're we're dealing with it with a different head about us. Right. When we compare it to maybe downturns or recessions and if you've been involved in financial markets long enough, you've been through downturns. I don't care unless you meet Kevin. Meet Kevin is really the exemption to the rule. Meet Kevin is the one that actually is what Benjamin Graham talks about as being that genius that can foresee when the market's going to go down and actually sell at the top and then buy at the perfect bottom. Now, not everybody is meet Kevin and not everybody is Jeremy with financial education and not everybody is as elegant as Graham Stephan to make tons of money on YouTube and come on and have all the right answers for people. But for us normal people with normal brains, we have to adhere to the tried and true fundamentals that the good book tells us to adhere to. All right. And that is speculation is for speculators and investing is for invest investing and really you need to ask yourself what is it that you want to be. I have people who are brand new investors come to me all the time and they ask me what stock do I need to buy right now. You don't need to buy any stock. You just need to buy the indexes. It's just that simple. And there's decades and dare I might say going on a century of knowledge, the intelligent investor was written in 1949, the original version, which is what I'm reading now the original. I've read it many times, but I'm reading the original manuscript right now. But tried and true fundamentals all the way through. So when I say just buy VOO or Matt would suggest buy SPY or split and hairs if that's the game that we want to go back and forth. But really it helps the multitude of investors out there that are looking to get involved in financial markets and do so in the correct manner. And there is my friends a correct way. And a lot of people that have dividend growth invest would suggest that they have the right way. Great, great. Time will tell, time will tell. And I think unfortunately validation comes to those folks in a positive manner and they come on and they share things with people and they would suggest that yes, look at my results. They've rendered greater than what the S&P can return and therefore it's a great way to invest. That is true in two different capacities. Number one, it's true over the time frame that you judge that portfolio against. And number two is it's only good for the withholder of that portfolio itself. It does not mean that it's good for you. I want you to think about that for a second. Benjamin Graham would suggest perhaps that it's not necessarily in your brain but in your perspective. It's in your philosophy. It's in your total approach. These are the things that on YouTube are not popular. They are not popular things to talk about. For people who hear them like Phenom One who's been with the channel a long, long time and is a VIP guest to the channel actually his whole family is. But when we talk about these things and we talk about most people want the brain stuff. They want how to evaluate a stock and they want to know how to read balance sheets the way nobody else can read balance sheets. They want to be able to extrapolate those numbers in a way that is unique and different than the 2000 analysts that are looking at that very same set of balance sheets and income statements and cash flow statements. They want the goods and if you can't perceive or sell them on the fact that you have the goods on YouTube or social media, then you're not going to gain favor. You're not because people don't want to hear this stuff. They don't. I think for those masses out there that do want to revolve around this idea of value investing and doing it more from the heart rather than from the brain. You'll be better for it. You'll take on so much less stress in your life by approaching things in this manner and separating. This is why I say all the time people have a hard time separating from their money. It's that emotional connection when people transact. It's the very emotion that they get when they pull the credit card out of the wallet and they touch it to the screen and there they have relinquished or taken on possession of said items. They get into their portfolio of things and they're happier for it. It really does speak to the psychology of the markets. It really does. It speaks to your approach and your demeanor in how you command the different aspects of your life. For a lot of people that can be very, very scary, I don't come on and I don't come across as if I have all the answers guys. That is what is necessary to not only command your money but to command those areas of your life because if you start to buying into that recession. Have you guys said it a couple of times? You feel like, dang man, I don't really feel that good. It's not like saying tulip or something happy, candy, recession. Get that boom, that negative connotation around it. Shout out to Ethos and his family. Very good to see you, my friend. Fantastic. Thanks for taking a couple moments and spending time with the community here, my friend. Thank you. But when we look around and we think about all those things that are going to change because we're entering into recession. I think we fail to notice all of the stuff and all of the cool things we've accumulated and all the things that we take for granted. No doubt about it. And I would push a little bit further in the discussion and challenge each and every person out there that is feeling a little bit down to challenge the idea of what it is they're actually disappointed about. Is it losses in the portfolio? Say it. I mean, is it really looking at the portfolio every day and, dang, dang, every day I wake up and, dang, every day, dang. Perhaps maybe you try a different methodology. Maybe you try a different approach. Maybe monitor portfolios, but adhere to other things in your life and focus on those other things that you've got going on that actually have a potential to actually go up. While the stock market is doing what it is it's going to do, go down, whatever it's going to do. The last thing I'll mention that won't happen is if you're employed out there, had a discussion this week about the new generation. It was actually with Rich and had the pleasure of interviewing him for you guys that haven't caught the interview with Parcel Pal. Catch it. It's free of charge. I'm the one that knocked down the invitation via referral and thanks to passive income investor for passing that along. It's a great guy and it's good to know lots of people in the world doing great things. Guys, we don't have the power to meet them all physically, but we do by some degree increase that potential of networking through my channel. And you guys feel free to network and get to know people that are coming into the business for the new and people that we would have never had a chance to meet. But it was great to have Rich on and talk about a little bit about the new generation and how this must be tough on them where it's the very thing that I fall back on and I'm thankful for with regard to my employment. Now I'm one of those rare cats that love my job. I love it. I love it. I've been under the weather for the last two weeks. I went to work every single day. I had to not go to the gym because it was on my lungs. So it's been kind of a killer for me, kind of a psychological killer. And it's one of those things that I miss. It's one of those things that I was forced out of. So I didn't have a choice. I would make it way worse if I went and pushed it and I would push it on the boat. I don't need to push it electively to go to the gym and get myself well. And I'm feeling well today. Today was the first day that things actually kind of broke a little bit for me. And I actually feel a little bit better if I can make it through this live stream without coughing my lung up. I'll be thankful for that. But employment status, man. For you guys that think that you're just going to walk through the two lips of life and not get any employment. And again, as people tune off to me, man, they'll leave. They'll go somewhere else. I can't listen to this guy. This is crazy, man. This guy's talking about hard work. That is good for you, Ryan. You've traded your time and you work for the man. And why don't you just become a rat, Ryan? I don't know. I don't feel like any of those things, actually. When you come from the dirt like me and you end up doing what I do every day for the few people in the audience in the gallery that know what I actually do. With my day job. Yeah, you'd feel like you're part of something special here because what I do is admirable and it's an honor to do my job every single day. I will be probably just about as sad as I would ever be in my life when I have to relinquish my obligation to what it is that I've grown accustomed to in my service life over the last 17 years. That's a fact, Jack. If you're going to speak so elegantly and intimately about a job, you know, maybe you could get a job. You're going to get a job, you're going to get a job, you sell out, you're going to get a job and work for the man. Yeah, I mean, I love my job. That's the God's honest truth. I love everything that it gives my family. And in times like this, the security minimizes the worry to nothing. I have to be honest with you. Come on to a social media opportunity like this and I can share with the audience here. I don't worry, guys. I don't worry at all. I don't worry as long as I stay out of the bar fights and don't do drugs. I'm good to go. And those two things I don't do anyway. Right. I stay on the path of righteousness in my life. And that's what I do. Very responsible. I have an obligation to take care of the family. And that's one of those things that I talked about, but won't happen in a response in a recession. My responsibilities don't disappear. My obligation doesn't just disappear when the stock market doesn't decide to go up every day. Right. So when I frame it in that capacity, it's like, whoa, Ryan's right, man. Like, gosh, I shouldn't just go to work hanging my head all the time. People are like, yeah, Ryan, how's the stock market? I'm like, well, it's down. It's terrible. That's the truth. But I say that in a non-emotional manner. It doesn't matter to me. What does that matter? When they ask me how the stock market is and it's up, I'm like, it's up. We're making a killing. It's the same thing. I have a very neutral midline application. It's never as bad as you think that it is. And it's never as good as you think that it is. As long as you can adhere to that reality in the stock market, we're speaking more about the perspective and the philosophy about stock market investing rather than the, I've got more than the next person on YouTube and I'm going to come on and I'm going to share it. That's why I just, I don't do the stock picks anymore because it's not in line with the good book. It does not adhere to tried and true fundamentals of investing. It doesn't matter. It doesn't matter even if we're talking a growth like a growth story like Google. It doesn't matter. I'm not saying Google is not a good investment. I'm not saying that. I'm saying that for most people, they should not be looking at single stock equity. Name me one stock, man. Name your one stock right here that would be better over the next 10 or 20 years than the S&P 500. Go ahead. Throw your ticker symbol in here, man. I challenge you to do so. What that might be, a firm is going to outperform Tesla. There it is. And I'm not saying that those are bad investments. What I'm saying is that the masses don't need to be dabbling in that type of activity. They don't. And whether or not you have what it takes to understand an investment like Tesla. That's funny drill. I'm going to throw this on the screen here, man. Very cool, man. It's good to see you. I'm going to throw this on to throw your offering in there. We'll see. I hope so. I hope all the Tesla investors. I own the S&P 500. It's in the top 10. So I own a little Tesla. I've owned Tesla before. I've made good money with it. I'm not bullish on the company. I'm not of the mindset of true EV application. And I don't think the cars are that nice. I'm sorry. I know I'm the only one on the earth. But I don't think that Tesla. He tries to just go against the grain and all things. No, I really look at Tesla. I don't think they're that nice. I don't like them. But from an investment standpoint, sure, Tesla might outpace the market 10, 20 years. What happens on the 21st year? And in accordance with the intelligent investor, it would suggest that as good as it seems now, it probably could even be too late. And if it's not, it will eventually normalize. And when high growth companies like that normalize, usually the downslope is a slippery slope. And Tesla is no different. That's why I ask, throw any stock in there. And if we look at the S&P returns over the coming 10 to 20 years, Tesla might outpace. But at what risk? That's the question, my friend. And that's the real dig deep that we're trying to get to for just regular investors. Regular investors don't need to be pinning their hopes on Tesla or Hylian or any single stock for that matter. Bank stocks are undervalued. AT&T, I'm going to buy AT&T here at what? Six times earnings. You're going to end up putting your money to sleep. You might as well just buy a bond portfolio. But irrespective of the equities that you choose, I think going away from the tried and true understanding of how important diversification is and owning low-cost indexing of your money, it's your choice. You can do what you will. It's a free country and certainly I do advocate for the independent application. And I thank you for offering yours. Thank you, my friend. Ken says it's going to get wrecked. I don't know. You know how much crap I took for this? I came out with an ARC ETF video where there was not one person on social media and it might have been you, too, Ken. Maybe it was me and you, Ken. Maybe it was me and you. And Jesus, I took so much abuse for that. It was funny. But look how much abuse you take, man. When you're not going with the flow, I almost look for that contrariary play. I almost look for it. And that's the beauty of the intelligent investor. As crazy and right as this guy is, this is a contrarian play to what the results would speak of for retail investors. They'll prepare to enter into financial markets, but markets. This right here is the counterculture. If people just picked up this book and read it cover to cover, they would understand how to build insurmountable generational wealth. Hands down. I was like, Jesus Christ, this is the greatest thing ever. Ryan just gave me the answer to life right now. Today, right now, I got it. Hell, you don't even have to watch my channel anymore. Leave. You're done. You got it. You understand the sheer reality of what a contrariary is. The people will not do that. They won't do it. I was trying to find the angle. I was always trying to find that. Look, I'm guilty of it too. I'm guilty of it too. This highly on trade for me, verdict is still out. But I think for me, it makes sense for me. It might not make sense for a lot of people who have got involved, maybe because of my recommendation, influence, et cetera, et cetera, because I try as hard as I can to provide some side of a disclaimer to understand. Look, this might not be for everybody, but I feel like there's something very, very special going on with this opportunity. And there's a line in the intelligent investor that speaks to that. It speaks to, it's okay as long as you are prepared and have that adequate perspective. It speaks to no matter what it is that you see on paper, it might not be enough. And if you're willing to accept that, then it's okay. Now, I might be taking a convenient read over the manuscript, but I don't think so. I don't think so. You have one shot at life. Some of the best things that I've ever done in life involved some level of chance. Yes. Yes, indeed. And for something as lucrative as the stock market, everything else aside, and I hit a home run with my eventual spouse. That was a home run, right? Took a chance. The chance I took entering into military service. That was a chance. Most people are so scared of that that they would never, ever succumb or subject themselves to the rigors of boot camp. That was a choice I took. That was a calculated risk I took to suggest, look, I don't come for money. I need to make something for myself. And this is how I do it. And I organically, boom, built in a set of framework in my life and security to where it minimized so much worry for the rest of my life. Why would I detract upon that? Why would I backstep and say, recession, recession? The stock market crash is going to dust. I come online and I actually believe that stuff, you know? I will too, tongue in cheek, baby. People come on and be like, Ryan, the stock market's not going to dust, okay? And I'll be like, you got me. You got me. I truly did believe that it was going to dust, man, or stocks get pulverized. Ryan, Apple's still up, order over quarter here, Ryan. My Apple's just fine. It's doing great. It's not pulverized, all right? The profits didn't vaporize and I'll be like, I wouldn't be where I am without the power of the stock market, guys, trust me, okay? I wouldn't have built this half a million dollar portfolio. Was it that I just tripped and fell into this wealth? Or did it have something a little deeper to do with the tried and true fundamentals of investing? Right, right. That's what we look to revolve around. That's the important stuff. My good friend, David's in the house. I hope to see you, hope all is well with you. I hope you're doing fantastic. It's great to see you. Great to see you, my friend. Thanks for coming in and saying hello to the crew here. I really appreciate it. So, my future Hylion heirs. We need to get this stock up above 10 bucks. That'd be cool. But wow, what a cool deal for Hylion to pick up. I'm really excited about this Carnot coverage. For me, for the Hylion news, what was mentioned, it does blow a hydrogen fuel cell out of the water. I had a few people that were hitting me up in private. I had a few people. If silent alert is still in the group here, I'm sure that that discussion is being turned around on the Discord group on a couple different fronts. Number one, 20 different fuels that this old baby can run off of. I wish Thomas Healy would have just come out and said, we don't need to do a hydrogen fuel cell iteration of the hyper truck ERX. We don't need to. We don't need to do a hydrogen fuel cell iteration of the hyper truck ERX with the Carnot generator and we're good to go. You can burn diesel. It's more environmentally friendly to run it here in a traditional diesel. That's sick. That's sick. So, there was some between the line stuff and I don't want to ruin my Sunday video by just taking up my Friday livestream. I know there's a lot of people who do not invest in Hylion or they don't want to understand, but it just so happens to be a fairly big position that they just so happen to have acquired some brilliant technology that had never been commercialized. Right. But the other piece that Thomas Healy spoke about there, silent alerts coming on the line, but what Sherry and Thomas both talked about on the Hylion Q&A, which if you guys have not caught that, it's 40 minutes well spent of your time. If you think 60 minutes is not spent well of your time, at least take the referral business for me, kick over to Hylion on YouTube and watch the Q&A, because Thomas talked about the use of the generator as a power pack. In other words, the intermediary between grid power and providing grid power at a lower cost. It's like, that's insane, insane. Stock should have went to 10 bucks, but again, my price target holds. The company is valued in a place that is not indicative of the current stock market value. It's just that simple. The stock market's fickle. Opportunity is provided through the stock market by it being imperfect. Trust me. If it were just perfect, people would just say, look, and if people came to me and said, look, Ryan, I got a deal for you. If you could just make 10% over your money, guaranteed every single year, would you take that deal? 100%, 100%. I would be the new I2 10% channel. It would be 10%. I wouldn't be saying recession and stocks are gonna vaporize. I'd be coming on and selling people on the idea that you can get 10% free money in the market guaranteed. Now we all know that it's not guaranteed. We all know that every dollar that's pledged to risk in the stock market requires just that, the underlying risk of the equity losing value. That's just the name of the game. Agility acknowledges the acquisition. They sure did. Again, I appreciate for you guys that are part of my community and you really want to keep up on highly on and you do so through the conduit of Twitter. There's no better than silent alert. I cannot express my gratitude to you, my friend, keep up the good work, man. Look forward to meeting you someday. I absolutely do. Because we've got a top shelf martini to share together. We've got a melon variety. That's an inside joke for all you folks that aren't preppy to the highly unerror opportunity. Indeed, my friends, let's get to some questions here. But before we do, I want to kind of finish at some of the strategy to fight. What shouldn't happen is you should change your philosophy on what's going on and you should not lose perspective. It's everything that we talked about from here to here. Work this deal from here. Hold on, just hold on a minute. You can test yourself and you can be like, well, yes, good. Mine's still beating too. I have something in common with the I2. That's great. Yeah, it's still going, right? Most of what you bring to the table should come from here, not necessarily here. Stop trying to outthink this deal. Use your brain for a lot of different other things. But as far as stock market application, there's a lot of think tanks out there that think that they've got this thing licked and I'm here to tell you that they do not. They do not. For me, what this means is to hold in all markets. That's what it means to me. If I'm going to have diamond hands, I'm going to have diamond hands surrounding VOO. Oh, Ryan, you, this and AMC become an ape. Look, hold around VOO. Hold around SPY. Hold around IVV if that's your thing. Because if I say that, and I say it twice through YouTube and the vast majority of the people hear me say just that, then the vast majority sets themselves up for a better future down the line. Okay. Now if I come on and I start cheerleading for AMC because the masses are searching that stuff through YouTube. Great. I can blow my channel up. I can come on and talk about how crazy the stock market is right now and that you should sell everything. That's not what you should do. That's contrary to what you should do. Discipline that exists in here and it's contained within the diamonds. All right. There is a discipline that exists and we help you define that discipline for yourselves. Okay. With regard to your money, DCA dollar cost averaging continuing to fund markets through volatile times. That should be something that you do as a habit forming behavior guys like putting on your safety belt. It is something that you should do. How much did you dollar cost average schedule? Come on down. You're the next contestant on the independent investor channel. The showcase showdown. How much did you invest last month on a dollar cost average schedule? How much did you invest this month? We didn't invest any. We're kind of scared. Nope. This is the very time when you need to engage, all right. Diversify the portfolio. All right. And say, stop being a moron. Just invest in the indexes. That's what he wants to say. But the book would be really, really thin and it's not. It's actually talks about fundamentals of stock investing, et cetera, et cetera, which is where some value is had. Okay. But to diversify or to not diversify is crazy. Diversify is the very defensive mechanism that allows your money to be preserved in capital markets like this and the third thing is to tax protect. And this is something that gets missed all the time over YouTube. Just start a Robin Hood account. And by next week, if you buy my $5,700 course, you'll end up in your Ferrari. No, that's not going to happen. Okay. I'm sorry. If you need to come to the I2 to have me tell you and give you a little dose of reality, I'll punch it in your ear. I'll shove it in your nose. Whatever you need. However you need. You need to know in my Ferrari. Good luck with that. You'll be following your entire life. Okay. Until you figure it out, until you figure out that hard work does pay off. Until you figure out that there are tried and true fundamentals that you have to do. If you do not tax protect your money, it will cost you over the long term. You have to do it. This is not negotiable. Okay. It's not negotiable. It's not negotiable. And scale back a little bit. Okay. I think a lot of people define recession as I can't buy as much crap this month as I did last last month. And I won't accumulate as much crap this year as I did last year. Or my God, I have to scale back to four vacations this year instead of six. Whoa is me recession. Can you believe this apple? No, it doesn't work that way. Okay. So the other idea of what a normal life is is pushed into the luxury category which we've done. We are a spoiled society. Abroad here doesn't matter. We're all spoiled. We have a basic threshold that's necessary for life. And just imagine it's this line. We're all up here, all of us. So recession is a retraction of what we imagine in our mind up here to down here. Remember the basic threshold is oh my God. We're never getting close to that. That line of just general basic needs. Hebert says, what vacation I'm with you. I'm with you, my friend. I'm still locked in right now to work that I, maybe it's a luxury. Maybe it's a luxury that I cannot parlay the time right now. We've got something earmarked for next year, which is great. But I'm in the prime right now and it feels good. It feels so good. It's pumping through. It feels good here. It's thriving, man. It feels really good. I'm not sure if you're talking about the affordability of the vacation or just the availability to segue the time. I'm more in the latter camp. I can afford a vacation, but I will tell you any more, my friend. Some of those vacations that were very low cost vacation. Some of the greatest things that I did went to the local fair. That was cool. One of the coolest things I did was go up to one of my favorite places outside of Roseburg, Oregon and go to Cabot Creek. That was one of my favorites. Swimming some ice cold clear, crystal clear water, you know, with the green trees around and the crystal clear water. That did cost me anything. So use some imagination. I'm not sure if you can suggest that you have to go to Disney World and you have to spend $10,000 on a vacation. I don't know. I've got an interesting perspective now about vacations and any more. I tell you what I've redefined what it is that I believe is a good vacation and what minimizes the logistics and planning behind said vacation. And it's probably another issue, man. My heart goes out to you if it's a money issue, but hunker down, you know, save up. Inevitably you'll get to that end, man. You always have to be that glass half full type of person in your application. Right now it's not in the cards for me for good reason, man. I wish I could. I'd leave tomorrow. Highly on gets up to $100. Maybe we'll be having a little bit of an obligation that I feel like I have as part of my life and. I'll walk away from that on my terms, not for any other reason. It's just that simple, very, very simple. I've not taken a vacation for seven years. It's more me, man. I'm with you, man. I'm tearing it up. I'm hustling right now. There's no doubt that shot out to Ethel for sure. Home run like like Microsoft and the the other stations have had acquisition, Blizzard and all them. Gaming was the only outperformer today. Interesting enough. So good stuff, man. So yeah, that's the strategy to fight right there, guys, for the last couple of minutes, man. We will get to some comments of the group. I'm a live stream. Highly and gets to 100. I'm an instant millionaire. You will be. Mark my word. It's told. That's all you got to do. Yep. It reaches my first threshold of $24. That's less than a quarter of the way to our goal. And it will be because they've realized a small portion of the total overall potential that they have to turn out units at a mass scale and they can. This new technology was a huge step in the potential toward that end. Huge step. People don't give it credit for how huge this is. I was very bullish on when I saw the news. Of course I'm a bull on the company, right? But then when I read into it and it really came full circle with me when Sherry Lance was able to address the capabilities and what they're thinking and what they're going to turn out just hold true. It's kind of fun. Is it not? I mean, is this is it really that hard? I don't know. I think it's kind of fun. It's fun to follow that. I don't follow Johnson and Johnson the way I follow highly on. I'm having fun with it. I'm at the pinnacle of my investment career. Some of you guys that say, oh, you know, Google or Amazon or bad investments, Benjamin Graham, philosophy, this and that. It's like, I have, 50, 60, 80, 100, 140, $150,000 in passive wealth put away in the S&P 500. That's what I got. I already have it. I'm good. I continue to fund that. That's where my dollar cost average money goes. I'm continuing to fund markets and I own a lot of single stock as well. And so be it. I have some speculative investments. I like to do it all. And right now I'm kind of at the pinnacle. I really don't feel like there's a whole lot more I need to do with my portfolio. It's very mature. And it is in a place where I like it right here. You know, wait for my med to go to 100. Good, good, good luck on that. It can happen, I guess. I hope it does for you, man. Good stuff. This is peace to the independent investor. Rebecca's totally agree. Speculation is really fun. Just have to make it within your tolerance. That's exactly right. And you can control your tolerance with the amount that you put in. You know, I'm probably just at that level of tolerance. With the position that I have. And that's being real, for sure. But very cool stuff. John says, that was the focus this week. I hope you guys don't mind doing that again. You know, I'll give my shameless plug. I, you know, the channel has really taken a retraction on the views with regard to my older content. So I don't make a whole lot there on the ad revenue. And that's a good way of giving me some compensation for my time. So if you do see those videos come through that are of a promotional nature, man, hit the thumbs up for me, man, it helps me a lot. You know, it's an indirect way for me to receive compensation. And it doesn't put you out at all. It costs no money to help support those initiatives. And I'm going to continue to do them. So whether or not that's a real sticking point for you. And that's a problem. Look, the ad revenue space is dying in the investment arena. And there's a lot of people that think they can just come on to YouTube and start an investment channel and make millions of dollars. I'm here to tell you that it has to be more about the money. I bid you all the best, but not everybody is a Joe Carlson. I'm sorry. And Joe Carlson's 10 times better than Graham Stephan. Okay. And he doesn't have but, you know, an eighth of the channel size. So there's no fairness on YouTube at all. And I'll continue to exploit those opportunities. For me personally, guys, I love talking to CEOs. I love it. It's one of the most enjoyable things that I even do on the channel. And I'm going to continue to do this. And I would just ask for your continued support. Would you make your way to the next Highland exhibit ICTX, but a meet and greet Thomas. I can't even go on a vacation, my friend. I was already asked last year to go. And I would love to. I am going to shelf that. I'm going to take that. I don't have an answer for that yet. I need to see some things materialize a little bit. Would love to see interview. Sure. That open invitation is out there for sure. I have no problem with that. Seemingly highly on has looked to take a very, very high road on their interview availability. And I love it. Do I think Thomas Healy as a one billion dollar company, you know, 700, 800 million, whatever. But it's a billion dollar company in my mind. Needs to be coming on to a small YouTube channel like mine. I would say, yeah, I would say I've earned it. But not so much. Not so much. I would rather see them on Yahoo on CNBC on some of the other major outlets. Trader is fine. I don't mind that. But yeah, if there was some time to parlay there for the independent investor channel, I would take that time. I would say that would be a good time for that opportunity. It's an open door policy. It's very, very simple. We'll see where the opportunity takes us. I don't know if you're asking for my thoughts on Carnot and GE. I'm very, I'm very ecstatic. I'm very excited. Thomas Healy said it wasn't going to affect their ability to bring commercialization to bear. It's not going to affect their ability to march along their path. I think that's a lot from a perspective of GE, which is a $71 billion company. But just to bring on a piece of that expertise and a piece to that, he talked about the transition agreement. During that video, I thought that was key. So, one of the analysts asked about the supply chain issues just lingering into this new acquisition. Have you just take on in another form of cancer here with this? And Thomas Healy said no. I'm assuming that at some point the supply chain issues are going to relieve a little bit and give a little bit of relief. But stay tuned for Sunday's video. I look forward to dropping that. It's going to be a lot of fun here. Let me cruise up to the top here and make sure I got everybody. Some good good shoutouts here. Very cool stuff. This is everything that you're not supposed to do in financial markets. Glad I waited to get back in. Good luck to you, Thomas Healy. Thanks to in the good book is not relying on this as a as a as a philosophy or a fundamental you got to have that baseline in the portfolio. Then if you want to play, I guess want to re-enter in November 1. Sure. Good luck. I wish everybody the best. That's for sure. And I'm not saying it's it's a a law that you're going to lose by you know timing the market. That's what this conversation here. My life. I love this downfall. I send her four is a bargain. Sure. You bet you. Absolutely. Matt says where Lambo. I'm not ever going to have a Lamborghini. I don't want one. I really don't. I'd like a new Corvette. That's what I want. That's my style. That's what I drive it every single day. A Lamborghini is almost a car that doesn't even it's too nice. It doesn't need to pull out of the driveway. And I I might make my millions. I'll definitely be a millionaire by the time I, you know, get older. What does that mean? It means what I define it to mean. And no more. And I'll share that journey with you guys. That's for sure. Very cool. Very cool stuff. We're at 60 minutes, guys. I appreciate you tuning in here. I'm cruising through making sure I got everybody and I believe that I did. If I didn't happen to get you. I do apologize for that. But super, super grateful for you guys and your continued support of the message man. I love putting out the channel. I love foot stomping the message, especially on a down day. It makes for good headlines. That's for sure. But she's seemingly get a different perspective and a different heartfelt approach to markets if you actually come in and you consume the content with me and understand my approach guys. Thanks a lot. I really appreciate it. We'll be back next Friday on the independent investor channel live stream fast to 60 minutes on YouTube. Be well. Have a great weekend. We'll catch you next week.