 To each and every one of you guys like to welcome you to the independent investor channel live stream Kicking off a little early tonight. I want to finish up a touch in respect to the holiday ringing in the new year and Welcome everybody who's made their way in here this evening for just a recap of 2021. These are a rare insight these are the few moments that I allow myself to digress I grind pretty hard during the year and Let's say indicative of my work ethic so it's moments like these and preparation of a live stream like this and Give myself the opportunity and I expect each and every one of you guys to do the same Life is good another year in the book 2021 it's been a grind for me It's been a real grind Some major developments in in all capacities of life. No doubt about that Some fantastic Relationships forged within the community here Wouldn't have an independent investor channel if it wasn't for you guys I know a lot of youtubers may look at it differently. I put all the value there. I wouldn't do this I perhaps maybe even if people weren't that interested in what I have to say I'm one of those funny guys that believe that I don't care who you are I nothing nothing of what you have to say is that special Which inherently is probably what makes me special And acknowledging just that What can you get out of it for your benefit? We put this project together That's very simple. We run it with a very low overcast overhead To reach a lot of people and I believe we're doing that And it go over some of the goals of the channel some of the objectives of the channel This is going on four years. This will be my fourth Year-in review on the independent investor channel. I love doing these. These are great Just like a lot of my content that comes out there. It's green content So you can review it at any time and I I think Well being kind of an under the radar channel on youtube, which is Exactly the way I like it. I'm not in the blind light patrons and folks that make their way into the independent investor channel they may Feel or not feel like they're catching something special every week. I Would like to believe that it's um, it's absolutely something that they feel like they're They're a part of And that it is special It's very rare nowadays to Find people that are willing to help And they're willing to help you without sending you a bill Right Everything costs money now You want to do something do it on your own unless you feel like you Really need to pursue that opportunity And you usually have to pay for those services to find it I provide lots of opportunities for a lot of people who've been with me for a long long time um, they choose to opt for those a little bit more um intimate types of situations they get to engage with me on you know daily stock moves and stock picks and maybe potentially get my Feeling a one way or the other and You know if they ask me through the channel, I'm certainly willing to put that through But I think there's a lot of people who like that ace up their sleeve a little more access to somebody like myself who Just beat the odds You know, and I think the odds are beatable This isn't you know gambling. This is the game of life here And there's a lot of different ways to stack the chips on your side if you're just willing to do it It's not going to come easy It's not going to be something that you just snap your fingers and Expect to happen. Perhaps. Maybe that's what you're used to for the totality of your life Most of the time when you see me in a state of mind like this, it's usually because I'm taking that long overdue and much deserved perspective And reflection because I need that and this week has been just that for me When I get into the work routine I go I go hard I I do as much as I can Through the channel that I possibly can to provide that outreach. It's fun. It's a really enjoyable project and When it starts to be more of a grind than an enjoyment I digress And I'll take a break I am one of those rare content creators that do not feel any type of pressure at all To allow youtube specifically to put their meat hooks in me They're lucky to have me And so are you You can catch a lot of the drift of my message free of charge Through the independent investor channels. You bet we do have those avenues in the whatsapp group and the independent investor group that Came to fruition in 2021. It's um one of the many projects that i'm very very proud of The podcast we put kind of on moratorium for a while I was spending a lot of time doing that. I enjoy doing the content But it is time consuming and I put it on moratorium for a while It's too bad too Because some of that podcast content if you just spend a few moments if you're a commuter or you've got a few moments and you you drive kick over and check out my podcast because You're missing some incredible insightful content that I'll really make you think And you'll end up a better person for it. There's no doubt about it. There's just one of my many goals on the channel make sure that we're staying relevant Making sure that we're staying unique Making sure that we're always foot stomping that Unique opportunity for individuals as vast as they may be Yeah But you know you take a pull out of the many members of the folks that are making their way into this early live stream tonight I think you'd get a whole different array of Explanations as to potentially how the opportunity and how being introduced to self-directed investing and Looking to empower themselves and make themselves a better person. Maybe by a small or large capacity That they've heard on the channel Think you'd hear a a vast variety of different stories of influences And that's where the beauty lies. That's where the power lies That's for sure. So we want to make sure that the minutes are spent in the most appropriate way You're getting the most colorful content on the independent investor channel raw and uncut I don't script this stuff I've got a few key words noted here, but I usually go off script anyway And roll through the the live stream opportunity because that's That's real What else do you want me to say? And I I think um all too often I um I get a sense that um, there's not a lot of realism anymore Um, perhaps maybe that's my my cynical approach and I say it all the time that a lot of people man, they they they fail to impress me You know For a lot of different reasons man, whatever it is lack of work ethic Lack of taking, you know control of an opportunity that's made possible through Anything you choose in life, man It's all good So tonight's going to be a pretty special live stream, man We're going to do some reflection on 2021. I'm going to bring jason with j mac investing on Who's um really kind of been a highlight for me man to get the node jason over the over the last few years anyway Um, I got to see jason come on the set You know get introduced right from day one on youtube kind of cool and um been been been watching his growth and This is doing so many projects. I can hardly keep up on it But um, you know, I want jade have the opportunity to to talk a lot of the independent investor community Is also supporting staunch supporter of j mac investing and They understand as a family man, too. It's probably a lot more than just coming on and blah blah blah and you know delivering a sewer at the mouth type of message just for the sake of doing so I think it um, it resonates and it means a lot more to content creators at least the ones that That I respect that's for sure. So Like to take this opportunity man, and I want to wish the grander Independent investor channel community a happy new year I'm super glad to be able to provide this opportunity man for you Not for me. Hell. I'm fine I um, I'm a survivor and I'm a tough bastard, man If you can get any type of pedigree from me Um, it's to know that man every now and then you need to get your ass back up and throw a right hook every now and then be tough, man um, there's there's no There's no reason man why you shouldn't be looking out for yourself either great A lot of people need to be looking out for themselves and make them make themselves that much more capable Of actually looking out for others as well. So super important So happy new year to each and every one of you. It's great to see you guys on on a Friday evening Little early with pop on the live stream here. We'll be back for uh with you in just a quick minute It's me pumped up man, jason you want to test the audio my friend new happy new year to you to see uh Welcome back to the uh, you know same. Oh, this is my moment of reflection. Did we make it? Is there hope for the future? You tell me happy new year. Yeah, I think that definitely is brother sure Sure. Yeah audio coming in good to get on it. Yeah, you're loud and clear man. You got it dialed in So a lot of changes for you in 2021 man. First of all, this was the year that you moved into the new house Congrats. Yeah as appropriate. Right. How you feeling on that man? Everything good? Oh, yeah, I mean that was uh, definitely one of the uh, a big big time highlight because um, We pinned it during the beginning of the pandemic. We pinned our contract and it You know the the it was like it went up eight times during While we were under contract, but we didn't have to pay anymore But it you know, so we were just building equity the whole way. It was pretty crazy Yeah, and and it continues that continues because there's been a couple neighbors that have sold and they're selling their houses for Like just astronomical amount. So like we're yeah, it was one of my it's one of my best investments like people say, you know Real estate can be you know, you know, you some of your best investment stuff No, that as it has been for me as well. No doubt No, this year up in noticing man. You you're on the road a lot And i've been catching a lot of your sports card stuff man really really cool, man Can you talk a little bit about more on that? It's just a cool thing. You're doing man What got you into it and I it's cool because I I I sense that you you know a lot About about these players, you know a lot about the car I mean, did you know all that or have you learned? Are you learning on the fly and do you have a lot more to learn going forward now on that? Well, I've always been a I've always been a super like sports fanatic but I cooled on it for some You know a couple periods during my life, but uh when I when I did when I got back into the hobby sports cards that is I um, you know, it was Because I do I've been doing so many sports card shows it has become I would say it's a big Part of my I'll call it a part-time job now So being that it's it's kind of a job It's my job to keep up with with the sports, you know, at least the ones that I'm dealing in so I'm uh, like I wasn't I would say I really wouldn't track baseball until like playoffs I always was real I watched nfl like religiously, you know and and mba had to be in and out of until playoff time But now mba i'm watching You know Games that come on prom time games and then local Stuff like the hornets I can watch every hornet game So um, so now when I can when it's not interrupting family time and stuff like that Um, like even at end of the night, I'll come sit in my recliner in my man cave here And just watch sports and watch sports center in the morning when I wake up So I'm I'm a sports junkie man. So that's always been a thing of mine. So uh Is it fair to say that you've got the life? Because I know how you through it's part of my job now. I get to watch sports all the time. You know, it seems like Right, right. It's that's what I've heard. I mean I've heard people that people that have made the hobby Their career a career out of the out of a hobby and like they're like I've never You never work when you do that if you can make and for me, it's not I'm not there yet It's it's not my full-time gig But if it ever could You know, but the thing would be nice if if a couple of my investments Took me to a place where it could be I could just be a part-time and they'll be good enough because I had The investments that would take care of that that's the goal too. That's why I won't stop the investment side of things as well Either, you know, I mean, but you know, I will say this I want to caveat So you asking why did I kind of transition number one? It was fun. It was Um, it was you just almost like mindless, you know Some mindless hobby that you enjoy, right? Well, but two two part of it was because of the stocks I was covering, you know, there's a lot of kind of Poison, uh, you know in the community when things aren't going good So it was a way for me to detach from the investing community for a little bit and uh It's still be be content creating and I mean and look honestly that niche of sport like I've already sort of made inroads. I'm already like in I'm already doing some live streams with some of these other guys, right? So like yeah, because they don't know the you know, I've been in the youtube game for long enough now where You know, you know, you know how to hustle and how to get into algorithm and do the things and all that stuff so I'm already kind of making inroads in the sport like kind of Becoming a bigger channel even though it's only 3,500 subs It's already a bit a medium-sized channel in that in that niche indeed indeed so No, I'm proud of you men. I mean you keep on hustling and that that's not gonna stop No way, so don't ever stop being who you are man. I love who you are So let's talk investments, man So I I I spent a little bit of time doing some janitor janitorial work in the discord group last night On the filing that came through for highly on did you have a chance to review that? And if you haven't I can give you the quick synopsis on that If you'd like did you did you have a chance to to read that it was the unlocking of the shares basically for the execs It was a submission to unlock the shares. I didn't think it was a big deal at all To be honest with you. I just man when that discord group fires up. It's like a diesel engine And uh, it's like holy moly people just start bam, bam, bam, bam, and I'm like, holy crap, man Let me review boom boom boom review. Okay. It seems like here's what's going on They're proposing to have those unlocked. That's not a big deal at all But uh, if you can comment on that or you can comment on You know, how you think 2021 went And maybe where we're going with highly on man It's our favorite topic and I know there's a ton of people I invited the discord to come in tonight and maybe hear our comments on this topic I know there's a lot of people that'll chop at the bit to hear our perspective Right I was I think I turned I had I got too many things streaming So I heard some of it. So you said you you started a discord or you were in the highly on discord I was in there last night. I don't go in there very often Just because I knew there'd be a lot of chatter on this and I I picked it up off of twitter You know the scuttle butt going on like they were, you know Unlocking the share float and I was like, no, no, no, they're not doing it at six dollars a share man. Come on And I jumped on there and found the scuttle butt and a few people hit me up And there was some few a little bit of back and forth with investor relations as well I won't get into details on this. I'll tell you behind the scenes But um, it was it was all posted in the discord group interesting enough, you know, and I think unfortunately I think a lot of people draw investing conclusions based on that stuff and they can't separate What the goings on at the company are from the stock price from people's presumptions And I think that that's really problematic And I don't care if you're talking about a company like highly on or any investment You know people think they've got all kinds of presumptions about where things are going what things are happening and what this and that And it's not factual its opinion You know, yeah, you you do a good job and you're long and you're long-winded you're longer you're you're 30 plus minute video I mean, I'm just I'm just saying you do a good job and throughout the course of those videos kind of Chopping it up like, you know, because I don't you know, I kind of like to keep my video short and like I haven't I've been I haven't been making a lot of highly on videos of recent just because Of that, you know that that negativity that that that is surrounding it I just don't want to deal with it at the moment for a little for a little while but 2022. I'm gonna crank in it back up, but We'll get there, but um Yeah, uh, yeah Yeah, people people people put, you know, no matter especially newer companies like this They put them under the microscope too much um, and they're not thinking about big picture many times when With a lot of the speculating that is occurring, you know, they never speculate to the Um to the to the positive. It's always speculation towards the negative. You know what I mean? Because why why not why not? Why aren't you why aren't some people speculating that? Them not doing as much pr and or so like here's one of the negatives. I'll talk about this one Not the pr. Let's hold off on that. We'll get back to it. No problem. Here's one that is a big There was a big red flag that I never spoke on I wanted to make a video on it. I never did but um the Like Thomas Healy selling shares that was a big negative for a period of time, right? Um, and then it wasn't in the funny thing How timing is of it? Elon Musk finally sold some shares right around the time, you know when everyone was like, you know But he's not he's definitely he'll never be elan must, you know, but so you got and this is where this is where um, you know people who Uh deal and in investing you got to you got to think everything through right you got so Like here's you can't like compare Thomas Healy to elan musk. Why can you not? Because Elon musk had already had a career in being a entrepreneur Um, he was already, you know had successful Companies that he so he had sold and he he had he had multi millions of dollars coming into this This is Thomas Healy's first big time Corporation This is this is his payday event for him kicking off and building his you know his Retirement portfolio balance up and so he needed to sell shares on a schedule Here in the beginning no matter what the stock price was he just needed to sell because Guys running on fumes and he finally he's public now. So you got to take advantage of that That's right to some extent, you know, so he he's not elan musk because elan musk had 100 million dollars plus he had enough money to You know eventually fund his own company to send SpaceX send satellites, you know in orbit right of his own cash flow, right so elan musk Thomas Healy two totally different people in totally two different time frames So elan was already elan was already a very successful Entrepreneur, you know businessman who had made it and he wasn't going to sell assess the shares because he had already made it Thomas Healy hasn't already made it. He's got to prove himself And he was given a whole lot of shares Was it? Is it 30 million or 300? 34 34 million I mean come on guys if you had 34 million shares if they were worth five to ten dollars Would you not shave some off the top of that come on? But I think to your point you said stock price was irrelevant It was and it was even more important to sell it on a schedule so as not to garner any type of attention of Um as selling a share as a ceo is a lot different man You're gonna get scrutiny on both sides of the house and when you do it on a schedule It kind of it kind of buffers some of that So yeah, there was some scrutiny j but Honestly, man, you could tell that it wasn't time. He wasn't timing it. He didn't sell any shares high He sold the majority of these blocks your shares on schedule, man for pretty recessed stock price and I'm sure if you asked him behind closed doors, he'd be like, you know what I don't want to sell But I had to for tax purposes, you know Yeah Yeah, for sure. And that was one thing I just like I said, I never spoke on and and I never I did them out of discord, you know, like some people were I didn't I I was very just like that very blunt. I was like the guy still has 30 plus million shares Okay, does it mean dropping this like 0.2 percent 0.3 percent of his shares will be like, you know, you if you I got I um here at the end of the year I rebalanced my portfolio And it like I sold some shares and I bought some shares, you know And in the m1, you know, you can just click rebalance and I did that once Now it was I was it because I hated those companies and didn't believe in those companies that that sold automatically No It was just there was some that were over You know that I wanted to put some more equity into so sold off the ones that had had big gains in bought the ones that were cheap so Yeah, but uh people just blow things like that out of proportion and not like I said if you would if you would think that through because Like I said, not you but you know in general If you if you want to thought that through trying to compare it him to elan or other ceo's why you know why selling It would have been pretty easy to come to that conclusion I try to look at some of those things and I I guess I I try to get pissed off I guess because everybody else is and I'm just like I don't I don't I don't get it like that piece of of information didn't bother me of one bit I didn't uh, you know, I think if you did your research I I think if you wanted to find stuff to be pissed off about with regard to share liquidation from the beginning Leave tomas ealy out of it You'll find plenty of people who picked up shares for eight cents And they sold for market value. So you want to be pissed off about something nobody talked about that Everybody wanted to talk about the top guy Selling on a schedule man. I thought it was a non-starter for me, man. Be honest with you And I know didn't bother me. I guess that's what makes me independent. I guess Shit, that's the god's honest truth. I didn't care Right, but I was I say there's a lot of negativity, but there are as well. There's something like really, um I think there's a really good investor community around and highly on it Surrounding highly on as well that that I don't see in a lot of other Very early stage Companies so that when this thing does actually take off. Um, I think it's gonna be it's gonna be yeah It's gonna be a really good Really good community surrounding it for sure I agree. I agree fantastic Well, what else what else about highly on I know you had some other stuff to talk about it's a Big topic 2021 man. I mean The year as far as the stock performance was dismal. I mean it was really bad To help kind of put a buffer on it for a lot of people The shows are down 35 percent if you just take the mountain and chop it off Look at the offering price of 10 bucks and just just just just play with it a little bit and say well Should it have ever been valued at 10 billion dollars? You know, it should have ever been at 58 dollars with the high buy up And if you can be honest with yourself about that, sure, maybe it runs to 20 bucks But at at the time of of coming public Maybe the fair value for highly on was in between 20 and 10 and 20 bucks Now with the supply chain it delays and being oversold and being shorted You know the stock is obvious obviously suppressed down But if you look at it from a $10 perspective and not a $58 perspective It becomes a lot more palpable palatable if you look at it from that perspective, you know Yeah, absolutely. Yeah for sure. Um Let me see. I think I'm looking at some of my accounts because I got highly on it like every account I have so I have some for my kids. I got some all my kids my wife. They all have it. Um I think yeah, I mean but By it going as low as it did in a lot of my portfolio and a lot of the accounts, you know, I kept buying so I mean, I'm down. I'm in like, uh, you know I think the highest I have Um is one that I didn't buy I didn't buy a lot more later when it went down a lot because I didn't I couldn't put more Money into a retirement account. So like 9 62 a share only one account. Oh, that's a great. Oh But then I'm like 7 97 in another one I'm not I'm not below 10. I don't think in any of them Which is which is okay too and even some of my long calls my longest strike is 12 50 If I can't get this thing above 12 50 by 2024 What am I doing? You know, I'll just chalk it up as a as a, you know, it ain't happening yet But I don't see that happening Right There's another one 8 50. So so to me that that's what I kept, you know, like that's what I was saying like when I would Talk come back to people that were talking, you know talking Talking crazy stuff in the comments. I'll be like, you know, I'm buying I've been adding more, you know along the way And I've just been bringing my cost basis down, you know, so Um, you know today. Yeah, that's uh, you know, so Yeah, it was it was I think for a lot of these kinds of companies. It was a rough year. Like I saw Yeah, boy, I don't know if matt are they coming on too matt and kyle I think they're coming up. They're coming on tomorrow. They're splitting it. They're doing one tomorrow. I think Okay, and and they they may pop on matt that I think is up in pin And I think I saw facebook kyle's probably out proposing to his girl I mean, I shouldn't say that he's enjoying the new year with his girl. So We'll see what's going on there. But he's enjoying his time But uh, yeah, it's just me and you man and whatever timing. I know you're you had you had some sickness, man I hope you're feeling better for sure. Yeah. Yeah, I got I got the rona. So But at least you got it the hell out of the way, right? Yeah, it wasn't it wasn't too bad. Um, I had one real bad day, but other than that it wasn't too bad, but uh, So, yeah, I was trying to say it was um the uh, I think it was oh, yeah, I was gonna say because matt tweeted and I didn't want to talk about him if you wasn't on so he could he could Defend himself. Nobody is immune from j max scrutiny man. Come on now. Come on Well, well, because he tweeted he said if you didn't make at least 20 percent gains Then I hope you reevaluate in your investment perspective and to me like that's it's like it depends on again Like what you know, how? How you're investing it like if yes, if you're like an index investor ETF investor or You got a very well diversified portfolio of stocks. Then yes, you should have made 20 But if if you're looking for disruptive companies and and or you you found You know A niche market or something in the stock market that you you believe long term is going to be and I'm not just This isn't just highland because I've got a a basket of three or four companies that I believe in long term, you know Um, but but like the there's a couple that are I'm real big into highland and ouster that those are the ones I have um, you know, you know a lot of money in um and uh So, you know, obviously I'm not up 20 because of that so I was going to take him on because of that and say, you know that that what Them going down as much as they did allowed me to really pile in To them much more and so I think I think you're 20 percent this year if you're in index ETF investor great awesome But you know, if you're a 10 year out investor or you're 20 percent is going to look like peanuts compared to the potential That could occur. Um, so but what Here's my end goal with it all is to Have a couple just insane, you know companies that I invest in and then turn into a Again back to a more of a dividend investor, you know, that's house money Shifting gears from that mentality to um, you know taking taking risk in the market here, but conviction risk with you know that uh, you know But but splitting it between a couple companies So one does absolutely go fall flat the other one. Hopefully won't you know what I mean? So Here's here's the thing man. Let me let me break it down for you It's easy to be bullish on the s and p 500 coming off of a year where it's up 25 It's even easier to be a bull on the s and p 500 when over the last 11 years It has been the place to be Here's the thing The stock market is a hell of a lot older than 11 years And I've got entire channels and I love them to death. I really do. I love chris with strongman I love him. I've haven't had him on the channel before I think You know some of the scrutiny that that guy can come on and and and and You know put over youtube kind of puts It kind of puts people On a little bit of a notice in that you can't just say anything you want and get away with it Like it's all right if you've got somebody that says, you know what I don't agree with what you have to say And I think a lot of it is bs. That's I got a lot of respect for chris, but here's the thing Chris started investing has been invested about 10 years. So piling into total world stock market indexes over the last 10 years and making that good 8 to 10 rate of return Has really worked for anybody that has followed that Here's the thing Getting bullish on a program like that right now Is easier said is is easy to do Okay without understanding the ramifications of that. Okay And now here's the thing if you've got 50 100 grand Are you honestly going to put that all into the sp y right here? I've seen some coming and that's one of them. He's making a strategic goal He noticed how powerful the s&p is which is so heavily weighted to the top 10 now anyway that A goal of reaching 100 shares of sp y as noble as it might be Is an interesting perspective now when the market just hit an all-time high early this week It's it's at it's at all-time high So you're like, okay. Well, Ryan, you know, you're talking in circles. What do you do about it? My thing is very very simple Pick the percentage of allocation you got to go a little deeper in your application Pick a percentage that you're happy with going into etf investing I'm talking no matter what it is Give it in depreciation fund the triple cues. Maybe some s&p Maybe even some foreign etfs and emerging markets. Whatever you want to do That's what I do And I have a certain percentage of the portfolio that I devote to that craft win lose or draw And I win with that strategy no matter what but right now Jay. I'm at about a 36 Clip passive with with just etfs 36 percent man And I've got about equally the same amount in dividend stocks and growth and dividend growth investing So You can't have it both ways. I remember a couple years ago and I've this is my fourth year now doing youtube maybe a little longer And I've got scrutiny through the waves too. It's like you can't just do that You can't just do s&p. Some of those same people are coming back right now and saying that's the way to go And I just you know, you can't have it both ways I I understand it's the sexy thing and the easy thing to say Just like it's not sexy at all to say that highly on here at all time low Is presenting a value proposition? Nobody wants to hear that shit nobody Right Everybody wants to kind of jump on that and say well the s&p is going to continue to perform at a clip That that is in my mind unsustainable for the long term Where we may enter into a prolonged period here that nobody is forecasting So what do you do adjust accordingly? You know Right, I like on that. Yeah, I mean I like the Those two companies those that I'm really heavily invested in I like where their market cap is right now And when you when that when you look at that and then you look at their market caps of some of like you said the top 10 That's why I kind of I sold out of uh some apple because I couldn't I was like Eventually you can't justify three four five trillion dollar market cap When is that gonna like Or are they gonna split or something something's gotta something's gotta happen, you know They can't be that powerful. Um, but Um, so yeah, I sold apple this week. I sold apple this week. Yeah, I sold it about three two weeks ago or something Based on valuation Kills me to say that Because it's always proven investors wrong, but it's always proven investors wrong when it traded at 12 times Not 30 Right I'm not gonna pay 30 times for a company like that. That's uh, I'm gonna watch it I may enter back into it enter into just a little smaller token position But as far as going big I'm gonna put my money jason where I see value and where I see value right now is small caps Uh, you know energy outperformed the s&p by double this year the energy man. Nobody talks about it doubled up doubled up the s&p this year And you think okay. Well, let's just pour into energy. Well people forget that for five years Energy was completely in the dumpster fire. You know couldn't get out of its own way You know and it just caught fire beginning of this year and so it outperformed so You know, I I've got a good exposure to energy So I enjoy that and and I don't what am I gonna do now? Am I gonna sell exxon mobile chevron? No my energy ETFs. No, I'm gonna continue to hold those and passively invest them I'm good to go That's a passive year for me, man. You know it was a fickle year. It was a tough year for me, man You know You know for me as well. I mean it was From because it was from the 2020 where a portfolio was up to 300 percent, you know Looking like a genius and now this year Down 30 probably this year, but whatever, you know, so I And you're gonna have like you say a lot you're gonna have to to be in these kind of stops You're gonna have to have you're gonna have to be able to handle that volatility Oh, you can oh, you can handle it when it's 150 plus percent up Oh, yeah, of course you can but then can you handle a year where your whole portfolio is down 30 percent? Yeah, I can because um, I'm just continuing, you know, so like I said, uh, I look at the ouster They're market cap down now 800 and 80 million dollars And they're projecting revenue revenue in by 2023 3 400 million so You know their their revenue will almost match for behalf of their market cap So something's got to give it. There's gonna be some where it blows like the top blow the top blows off, you know Catalyst nobody will catch it either either you're in the stock or you're not You're not gonna catch it unless you're in the stock man. It's just that simple People will try people get on you mark my word brother You mark my word next year when highly on's up above and it hits my price target of 24 dollars a share You're gonna have youtube channels like you've never seen before man Jumping on the bandwagon. That's what really it's not look to each his own say what you will I don't even care. I don't even care anymore. I don't even monitor the landscape very much, man But some of these cats man the blow try to blow up their channel by doing highly on videos every other day and they own 300 shares I don't have a lot for that man. Sorry I'll draw the line somewhere and sometimes they're the most outspoken About you know their conviction and then three months later. They're out of the stock. Oh, I just can't take the swings Why because you're down a g give me a break man Like you you don't deserve to be investing in this way. You don't you don't have the right perspective Right. Well, and you don't you don't you don't deserve to have a the following if you're you know I wouldn't say deserve but you you know This this is where people, you know have to You know, like you said to make decisions about Who you're gonna listen to anyway, you know and and at the end of the day You got to really like digging yourself and that's why I said, you know, like I said, I think the A lot of it highly on investors are now Um, it's not because of ryan or jason or any other channel It's because they their believers themselves now. There's a good. There's a good core of investors that because like when Yeah, only like twitter and stuff, you know people It used to be I would I would only be the only one Um, defending but now there there's a bunch of people that come alongside, you know So Fun it's pretty cool You'll always be the og Give credit where credit is due Yeah, yeah, well, I guess I guess I can't announce anything but I do got something pretty cool coming up 2022. So with uh Yeah, what what how long but I can't say anything yet, but um Knock it down man. Knock it down bring him in the community, man That's that's what I'm all about man. I'll be a student. I want to listen to that kind of stuff You know, I I know you get down on me sometimes for being critical out there It's interesting too, man You know a lot of those same people that bitch and complain They don't do the first freaking thing as far as trying to outreach or you know trying to You know get answers to the question that they think are credible. Maybe they are maybe they're not whatever it is I think some of my angst was kind of codified last night when I was reviewing What christopher who runs the discord over there? Had in his interaction with investor relations And I thought you know what that's exactly the interactions that I've had long emails long um legit questions, uh And the the answers that I get are not answers. They're questions back to me And it's like Do you know this stuff or do you want and then I find myself clarifying? What it is that you should know to be prepared enough to answer my question And I get in that back and forth every now and then and I've done it so much now That I've that I've stopped doing it Jason So Please understand that some of those tweets that I do they're coming from a lot deeper place Where a lot of people man, they just throw that stuff out there without any backing behind it I don't share those insights of those private emails that go back and forth between myself as a shareholder and You know investor which I am one and relations is the problem that I kind of have with it a little bit, you know and I'm the first to say man if my observations or perspectives Are off base No problem. I'll eat crow man. I'll apologize and say I'm off base But there's a deeper meaning I think behind it and and that's something to worth saying Is that man? I just think they're I think they're kind of struggling a little bit right now Probably for good reason, you know And I think I think too. A lot of it is that they are like And it's like I said, it's a pro and a con but they are like one of the most conservative Corporation corporations that run corporations that I've ever known part of that. I like Just what I'm saying so and I think they're intentional about that because Of all of the negativity with a lot of these bad facts and they they came as a spat So they're like really overly like protective of information And making sure it's all like Because you even saw like my your guy. What's the name drive mix game? He just dropped this video and he said, you know, he went to haleon headquarters and they he left They told him that he couldn't you know, he they told him to take a picture down He put up and they told him he couldn't talk about this or talk about that. He said they're they're like They're the opposite of all of these other companies that were like That that had been shown fraudulent a lot of them in you know in the spat game That had become more fraudulent putting out crazy numbers and crazy projections and crazy y'all of this that in the third To to maybe overzealous on social media Um, they're the exact opposite. So it's so whereas this is where I could go back and forth Would you and say that it could be very much a part of what you know, they're They're corporate culture and and it could be a pro. It could be a pro. I believe it is Yeah It but but but not not at a hundred percent capacity You know, I'm not one of those guys that thinks that there's you know, there's uh immunity, you know and scrutiny if it's uh under the umbrella of corporate governance, which it is man everything they do is it's one of their four strategic pillars Um to do the best in everything that they do, you know And um, I think that's going to pay dividends actually down the road Cool that you mentioned that because We talk all the time about look, who do you want to invest in? And I told luis this specifically I was like look man when i'm poking the bear on twitter Don't take that stuff at face value man. Please as a matter of fact, I want you to take the high road I don't want you to get into a back and forth banter with me on twitter What I say on twitter Has a lot of it has a difference between what I say on my channel and it especially has a lot to do Different than what I do in my portfolio with regard to my you know investing thesis of the company, you know um, yeah, but I've I've I've seen you and I've um I've separated those two with uh from because you'll you'll you'll do that on twitter and then next day drop a video that's You know, uh picking picking it all apart in a very, uh, finger strategic strategic manner. So Yeah, I don't really pay too much attention when you know, I just know you're trying to get information So it's all good. Um get get and share You know, I think I've had a few like a lot of people pull us in with me man Like I mean this says a couple of g's right here tonight man. Happy new year to you. Appreciate you um A lot of people pull sin with us and and give us kind of the the feedback from the field and I know they do the same with you but you know, I get a lot of feedback from the trucking community itself and Is is is highly unknown within the trucking fleet. I mean, that's a scary question and you might say Yeah, yeah, they are Ryan Man, I hope you're right. I hope you're right the question at this point Man, are they doing everything that they need to do to be forward-leaning to really make that introduction to the fleets Boom boom boom and and really being forward-leaning. I believe I hope that they are um, but um, you know anytime that I can supplement hope with You know some level of assurance Um, but that stuff is being done or or where the strategic initiatives Lie where where this thing is headed. What's the strategic direction over the next year? because You know if sales aren't going to ramp up until 2023 It's of interest to me How it is they're going to navigate this very very critical year 2022. Let's say tell it for what it is. It's critical It's critical There there can be some backlog work that can be done To make sure that when they can come through on some of those initial orders That they've got a nice backlog, which they've got a good start 1600 is a good start But you know a thousand two thousand orders a year that keeps the lights on it highly on I mean 10 to 20 thousand Now we're talking about our 10 to 15 billion dollar valuation Where's where are they going to fall somewhere in between there? Or are they going to blow it out? You know, are they going to go global? The answer to all that is yes my thesis look man I'm not looking at the stock to to parlay shares Until this company has a foothold in the global market because that's where the money is If they can make it in this domestic market, it's game over globally They'll expand they'll go ahead and do that share that capital that capital raise Which they've got a big shot ready to fire like a cannon when it's time to go ahead and expand globally I think that's going to be lights out for them. Well, you know, go ahead I was just going to say I don't think they intentionally, you know, they were they were just in austin, you know, texas Um, but you know, it's funny how now that has grown. That's kind of growing into the next uh, sort of like uh, big tech hub And like a lot of a lot of californians moving a lot of californians have moved to austin I think the one just the one kind of like uh, blue area of texas like you know what I mean, so Um, and then you know and then tesla moved there and then like a lot some other big tech companies are or or And not only that like the so they're just so they're they're positioned now to okay You're gonna get all that that attention in that area and then they're there, you know, and like so It's uh, so yeah, I mean there's just so many Things that are set up for them and and like I said that one wasn't that was that's no genius of thomas haley or anything They were just in the right place. I think also they said they said pennsylvania had a hard time with hires And they moved to texas to find better talent and that's exactly what's happened. They found Really really good talent. Um, very young very tech savvy Um, no no income state income tax. Oh, that's right. Yeah, it's a great place to have a business And um, you know, it's one of the smartest moves he ever did That was a no-brainer. He's explained that on some of his really early early stuff When he talked about the move um down there and why he did it But um, interesting you refer to uh, highly on as a technology company Kind of changes the valuation proposition going forward if they do make good on some of the stuff. It's interesting Yeah, because see I worked at um 3 m in the in their or the r&d department, which was software only And that's that's why I know like uh And and there was you know, there was stuff all the time We could I couldn't talk about to couldn't even go home and talk about it, you know Because because we were dealing with um hospital software A lot of people don't even have any clue that 3 m is is in that business there. They built they built a lot of um, um They have like a lot of um Hospital software that it can kind of like Each claim so so you don't have repeat Uh hospital patients that are coming in for the same thing if they are then you know Then the and you're using medicaid medicaid will like hammer you and you'll get like fine and stuff So they got out like 3 m has a lot of this uh software that they Use anyway, I said that so that's why I couldn't talk about it because it was you know What is it HIPAA or whatever all these different organizations? So and and it said and it was r&d So and it was new software that hasn't been released so um So that's why I think you know a lot of halyan's stuff that they got going on They're in r&d phase and a lot of it And um, it's unproven technology that you they can't just come they can't like put an announcement about it You know yet They have to prove it some um a lot of time first I'm surprised dexter was able to say about talk about the double axel 650 on the hyper truckie rx Do you catch that? What did you say? He said and sent instead of a single drive axle the new hyper truckie rx has the drive motor to both axels So it's like basically a double axle drive And it can produce 650 horsepower bro Now that increases the payload statistics that were released big time on what fleets can do and what they can realistically haul This is all coming together man the wagon the Wegmans the double tandem trailer hauling in new york Oh, it's it's super cool investing in halyan is easy It's not hard. It's not hard Um, I buying buying apple right now That's a little bit harder than justifying What i'm doing right now now All those companies they do have their place in the portfolio they do but I had a really hard time pulling the trigger this year I was a lot more passive with my application whereas 2020 2020 was like a freaking old west man Everything I touched man turned to gold. I had a six figure. I had a six figure year It was it was insane and You want to make it a trio? Oh damn Happy to you brother. How are you? I'm really great man. Just uh like jmac not feeling the best as we just got our shots yesterday I got a bit of a headache but uh some boosters but not doing bad not doing bad. How's jmac holding up? Oh, he's he's leaving now He's muted He's fighting man. I appreciate you guys fighting through It is the year end man and for you guys to come on and show a little Support anytime you guys want to duck out man. It's been time well spent I'm going to spend another hour here Really kind of giving back to the community and and and I've got some stuff to go over to if I get to it If not man, um, this is what it's about. It's about the network, man I'm hanging out. I'm about to go top off here. I'll be right back What's going on cow? I'll just chill a man. We just uh, we're downtown for a little bit just taking it easy You hopped out earlier than I was thinking out. I was just uh finished eating it I looked I was like, oh damn. He's starting to stream an hour early We're gonna save ours for tomorrow. We'll let everyone party themselves out tonight Yeah, absolutely What about yourself? You know just kind of reflecting on 2021 kind of looking at 2022 What my strategic kind of swim lanes are going to be going into 2022 I am cautiously excited. I guess going into 2022. I I'm super excited about certain avenues and then others I'm just still on the continual monitoring type of of of application, but 2021 was an interesting year for me, man. Um, it was a grind for me this year Yeah, you know, I looked at the portfolio value last year. I made a point to just go back and say Shit, did we do anything this year? Um, and we were at 445 last year. So being at 515 now We made marked progress. It was just how I made the progress which was That was not satisfactory for me, you know winning in one category and losing big on on the speculative category That that's no way to to to run an investment thesis, but it happens that time, you know It would have been doubly difficult had I incurred those losses, I guess on the books Without having the supplement of other income streams and I guess, you know, that that kind of goes into my thesis of You know, I it feels right for me It feels right. What can I say for a lot of people who who who justify taking on over exuberant risk Perhaps maybe, you know that that that that You know, I guess appetite for risk. Maybe they they need to to work into a little bit, but I feel good about it, but we'll continue to monitor it. How about you man? What are you looking at? Give me a synopsis to 2021 and what you're looking at for 2022, man 2021 was great Because I got out of most of my small caps and I just bought large caps, right? I mean, I finished all-time highs Today, I was probably down because I calculated on thursday. I think I hit like all-time Great, but that's because tesla pump back up everything kind of had a bit of a run But 2022 man, I I'm keeping my eyeballs on chinese stocks facebook A lot of small caps I've got a list waiting to turn around because a lot of people Like yourselves buying highly on right like I'd rather just wait until the market confirms You know where at bottoms turnarounds and just see what happens because if you're a value investor Chinese plays are the only way to go if you're like stabilized investor I mean, you're going to play the top 10 But you might as well just look at facebook because it's the only thing that trades at fair value Uh considering it hasn't even priced in like metaverse Oculus like none of this stuff to do with that and then there's a lot of small caps, man I mean you're looking at things like coinbase crisper cast 9 or crisper therapeutics a lot of the You know almost the kathy wood stocks of the world you're highly onto the world But I just I don't want to rush into those until like You know you start seeing that shift of capital and a lot of people are like oh, but it's so cheap now And it's like yeah, but I can wait I'd rather you know pay a 20 premium then watch it fall another 20 or 30 percent right highly on Highly on as well as some of these have have proven And I've been amazed at how they have presented themselves on a silver platter For investors usually stocks don't do that Usually you don't have this prolonged of a of a waiting period or hey, let's just pick it up or The the stock market is allowing that luxury To sit on the sideline and say well, we know when sales are going to happen The stock market obviously has a discount on that. I think you do run a risk of an unforeseen catalyst which I've seen that too You know and and and 2022 brings a new era of investing and if if if Market investing has taught me anything Home every year is different And it's tough man It's tricky though right man because like I mean because I've been listening to you guys and it's fun to say Which is why I try not to put price targets on stocks because like I love facebook You know like my favorite stocks, but like I can't tell you if it goes up next year I mean micron. I was just watching everything money They made some great points with things like micron right which is a huge proponent of a value play right now But when you go back it's only hitting highs from 2001 and it's doing 10 times Gross profit, but it's like you know if you told somebody back in the dot-com bubble that micron You know would be doing 10 times the revenue or just 10 times the bottom line But would not be worth as much as they are today people would laugh at you right? So like I have a hard time like I like I'm with you guys like I like highly honest stuff But even like as much as I like facebook and stuff like you still kind of have to come to the conclusion that like You could be in this shit for a decade and see nothing Like facebook is probably one of my favorite value plays in the top 10 But like I still have to understand that like as much as I love it I still have to recognize that like anything could keep that down because look at like My bank stocks blew my mind this year. My canadian banks are outperforming the s and p 500 three of them 40% dividends like and nobody's 2025 I am bank of Nova Scotia tb and uh Oh crushing it man And the royal bank I owned all three of them and they're just they're killing I I'm about 25% not 40 But in all three of them, they're all tracking each other. Yeah, they all killed it this year, man right on Yeah, I got a question for Kyle because when you were going through your list of uh Small cap stocks you said stuff like coin base coin base is like a 54 billion dollar company. It's not a small cap What's your definition of small cap? Well, when I when I well when I say small cap like you guys I try not to play anything under a billion like it's got to be 10 to 50 at minimum because then you're just getting in a Range where you're in this situation right now where they get crushed for no reason like When I mean small I should say like very large Yeah, almost like value plays because like we were joking about this in the chat group like how the hell Does coin base do more? Bottom line like they're they're free cash flow is way greater Than the new york stock exchanges is like the intercontinental exchange and when you run when you compare intercontinental exchange versus coin base I see the risk with coin base because if you go into a crypto winner and people don't train as much they lose the profitability But their free cash flow is absurd In comparison to the the new york stock exchange and the major exchanges How does it trade at the same value? But one is going to do like nine billion gross profit or a Or free cash flow this year against two billion that I think the intercontinental exchange is going to do Like there's such a disconnect between some of these small caps or I keep saying small caps I want to call them riskier investments between that one and 50 billion dollar range but It's just interesting because I look at the free cash flow, right? Like crisper is great But when you look at those companies again like highly on like there's a lot of speculation because there's no past history It's unproven tech There's just too much speculation in it Whereas when you look at things like coin base and some of these companies that are finally lifting off the ground Like you could easily see them jumping to 100 billion 150 billion really easily like pay pals in the toilet right now Like there's a lot of companies that have easy pathways to just a quick return in the next year in my opinion When you compare them to other parts Yeah, I mean your your exact philosophy is Also the exact thing we're saying about like highly on companies like that because of its current valuation 1.01 1.01 billion dollars is their current valuation. They've got like 600 million dollars in the bank right now right, so they don't even have to you know Like without even having any revenue they in the bank they have 600 million dollars and you know without even generating any other Revenue, yeah, but that doesn't mean anything if they don't have free cash flow. It doesn't mean anything free cash And I'll be you're just burning cash I could give you a billion dollars and you could burn through it in the next three years That doesn't mean the company's worth anything right, but what I'm saying is you're you know You know not not including their assets just straight up what they have as far as a balance sheet But what I'm saying is your philosophy there with the the bigger companies And we're talking about the same thing with highly on it. It's Free cash flow valuation comes from cash flow. It doesn't come from money in the bank There's a big difference between that Cash flow if I pull a pile on right now, is it going to show me a free cash flow number that I could calculate out with At the end of the day though, you were talking about its growth and this market cap jumping from 50 b into 100 b I know why it will and and right exactly and we're We're saying the same thing, but you're just looking at one metric. So the only metric that matters I'm you can't say that that doesn't matter Yeah, no, that is the only metric that matters not to me in mature companies If it doesn't have free cash flow goes broke eventually in mature companies In mature companies it does matter and in a startup That is fully funded free cash flow means nothing because they're not going to have free cash flow. It's a startup So yeah, but you're buying like that's the risk you're taking on though. You're taking on a risk That has zero set like they haven't even have they delivered anything yet? Or are we looking at like a rivian here that's trading at like 100 billion like It doesn't mean anything unless there's money coming in the door. Like if there's no revenue and no free cash flow What do you have that's valuable you have a plan? Playing hard with assets backing it that's it and those assets get burned away They're delivering hybrid vehicles right now, you know, it's a bit of minimal sales But they already they already have a delivering a product and then the but like I said, it's a startup What are their margins? Do you know what their margins are going to be on those products so we can gauge it out? And I can tell you right now Just with a few simple metrics what the value should be on the company based off free cash flow margins That's it. That's all you need gross profit free cash flow. Tell me that I can give you a value But if you're putting a value on something that doesn't have that you're speculating you're gambling technically Of course I think it's funny because like people talk about like what you're talking about But like you have to recognize that you're spewing this stuff to people that don't understand The value of companies is based off cash flow not based off What they have in the bank what they have is assets because that burns away as you're not because then they have to raise capital Then they're going to dilute you as a shareholder over time They're just going to keep taking and taking until they finally get to the point like tesla did where you meet that Divergence where cash flow hits the books and then the stock starts, you know Appreciating the value in the margins of that business, but if the margins are going to be shit They're going to have to sell like so much more to even make the the the market cap makes sense Right. So there's things you have to know that if they just if you don't have them today, you can't put a value on it It's impossible. That's why like it's so speculative and you get those 50 hundred percent mood swings. You're over Right. You don't have it. You don't have it today So that's just the risk, right? I mean look at what happened to tesla when they hit margin and bottom line Like the stock went ape shit because people are like, holy crap Like they have the highest margin of any auto business like look at all the future tech that hasn't been proven But at least they have something and now they're overvalued like I mean, they're crazy expensive versus that free cash flow today Which is nuts But I mean like you're saying like the top 10 s and p are hard to play with right now because you're almost Speculating on the value you're playing But at least you get some kind of base value with it that you can say Hey, this is where I think the base value is based off free cash flow based off their margins based off future expectation And the next three to five years. I think their pe would be at this range But um, yeah, I'm not trying to like pick apart highly on here I'm just saying like it's hard to say that highly on is cheap when they haven't proven any margin yet Like what do you guys know what the margins are on the products or what they expect to have? 35% on the hyper truck erx which they've sold zero So what about the other stuff like do they have anything that could like they make they make $5,000 per hybrid unit out of a $37,000 product So that's not bad That's all it is Yeah, you're just building out right but you just got a because you want to make that million dollars like you're saying right like On some of these spec plays like you you have to take on that risk But like I said that risk comes with a lot of speculation and and just being patient for some years I think that's it. So yeah to your point It's all it's all a guessing game right now When there starts to be something that is predictable and forecastable That that that will be the catalyst if it's going to be a thousand orders a year Or if it's going to be 5,000 orders a year or 10,000 And I will go deeper with that that is not going to do it for highly on what is going to do it is integrating in the The cycle of replacement the replacement cycle is in between seven to ten years So every single year these large fleets are rolling over their fleet Right the older trucks go abroad There's third world countries that pick these up they buy them they they put them to good service because they're good But these big companies they can't take on the maintenance costs Because the curves just don't align as the diesel starts to degrade Decentre denigrate over time So they rotate those and so the idea is to to integrate those electrification into the fleet and whether or not that's you know 100 on the onset or 10 on the onset That is going to start to turn back some of those metrics and when you talk about If it's going to be a half a dozen companies or let's just say it's going to be all of the innovation council Which represents 11 companies If each of them are going to do 100 trucks That that's a drop in the bucket in what they need to do with regard to the mass scale up So there's two things at play here quantifiable metrics going forward. There are none And the potential for mass scale up And realizing some of those margin margins because remember highly on is a fairly capital lean business It's not like a nicola. That's basically an oem in and of themselves They've built it from the ground up Just like hyzon has done Just like tesla has done. Yeah, they've built it from the ground up and that is extremely capital intensive and and you know That that'll be the key there in their ability to get those quantifiable metrics get those 100 orders on the books on the onset starts to integrate those in the fleet Then that'll be the kind of the domino effect to make sure that the customers are coming back And and demanding and saying hey oems I need five or ten of these let's integrate this in my fleet They're definitely at a good level for what you guys are trying to take risk on because I mean I'd have a hard time playing anything else here like oh, yeah, there's such a look There's such a look and neil they're crazy right like nicola is even at like a nine or ten billion And then you look at highly on and you're like how the hell is it trading down here? In comparison to the rest of the the market. It's kind of the problem that I have with nicola is the margins That's I don't understand to your point how they can expect to build a truck from the ground up Support that truck provide the customer service and support And the tech support that's necessary to maintain that vehicle to seven years And the ev community is boasting that they can make ten out of it Who's going to support these things? I I just I just don't see that happening where With highly on kind of aligning with the oems, right? They get to enjoy those servicing networks Right from the get-go Because you know, you can't touch another truck from another another oem. It doesn't work that way Nicola truck breaks down on the side of the road. You can't just call You can't call bovo pinta and say hey come and service my truck. It doesn't work that way. They won't touch it You know, so yeah, I think it kind of goes with with the business model and what they can do They can afford to take some time, but I think to your point and burn and cash They they took a move to burn from a hundred to burn down from 130 to around 110 per year They're going to burn around 115 this year at that burn rate that puts them at about three years So the the clock is ticking You know, I mean, what are you going to do at the end of that clock? Are you going to dilute shareholders? Which there's one? Capital share float that can be issued that's in lock up period right now The idea was to put those on moratorium so that they could expand the business if they needed to, you know Mascala they needed, you know, multi billions of dollars to To fund those initiatives. They're not there yet So as an act of desperation if they did that that's what tank stocks and You know that that is in the ways, but I don't see that capital offering being happening happening for the next Year two, hopefully maybe even a couple. You notice what happened when tesla did it, you know That was an infusion to their business You know, so Yeah, no, it'll be uh, it'll be fun. You see that works out raymond. Uh, that's a great comment by the way That's uh, it's a really cute comment there. That was nice. Um, yeah, I think uh sober trades gotta risk it to get the biscuit Yeah, it's how you risk it though. That's the thing right like I'm I'm way risk off like I I need companies where I I think I always look for the path of least resistance to wealth and I'm not looking Like I think I've done so well because like I don't project to make a 30% return a year But I've managed to achieve that but I think it just comes from looking for like fundamental Businesses that I think have that path of least resistance. They always seem to work out pretty well in my favor Um, but that's just that a luck. I think I think I've gotten a lot of luck on my side to some varying degrees Um, I don't think I don't know if I can continue it moving forward when I look at the rate of I don't know if it's luck. I I think it's a combination of luck and You know, I had one of my good friends man. He told me that life is all about a sequence of Not only luck but good timing You don't know, right? I mean, I've sold like I do because my apple position my my average buy on apple $17 a share. I haven't bought it since and I have only sold it and I still have almost $20,000 worth of the stock and it's just like and I look back and I'm like the biggest mistake I made was selling it And now it's just like every time I've ever sold apple. It's been a mistake So it's just like I'm keeping my last like 100 or so shares. We both we both just sold it Yeah, I know I heard I thought I I don't know what to do with it because my yield on it is over 5% I literally like my my my investment at this point is like $1,700 and I'm up like 17,000 us Something like over 20,000 cat on it. I don't like I just look at it as I might as much Leave it set it forget it. I'm young, you know come back in 10 20 years See where it's at like a lot of like that's the thing with microsoft too, right? Like they're they're great companies But like fuck if you're buying them today like you really need to sit on them for three to five years before like the value Even makes sense at this point like it's hard man. I know I don't know. It's it's it's really tough man. Where to find value a couple things caught fire Um, you know this year my out performer was energy There's no doubt. I was telling as best uh asset materials did very very well Staples into the fall and into the winners who did very well Um, chips, of course did phenomenal There was a stint of cryptocurrency obviously kind of tailed off at the end of the year this year for me But crypto did well passive did extremely well for me. I mean I turned back I realized 25.25 percent in my I've got about a 75 percent waiting in my tsp to the smp 500 so the the small cap index and I think probably the international piece kind of took away from those remaining three percent that I would have got on smp exposure, but What do you guys think of those some of those like 10 cent jd bava? I mean i'm looking at them in my melt drills every time I look at them It's just a matter of this political shit when the the political storm kind of rides past, but I don't know man It's a hard one there for me To me if you can if you can invest in those you can invest highly on this Same risk then yeah I'm down. I'm down. I'm down farther in alibaba than I am in in in highly on at this point It's just I had a heavy year waiting to highly on obviously, but um, you know I had a respectable position in alibaba and here at 118 at 16 times earnings They're a money-making machine You know amazon amazon made six percent this year It drastically under underperformed the smp 500 this year drastically Amazon said a good value. I think amazon and facebook now it is I think you know it flirted with four. I think here in the low threes I think you could be well positioned to pick up amazon right here Um, I do I continue to hold it. I continue to hold google I continue to hold a large position in facebook. I believe it's bottomed at 325 or I think three in the teens it was there. I mean that was the pickup point, but You're not going to see it again It's not going below three and if you say you don't want to put price targets It'll be over 400 this year Um, so it'll be neat to see what the first quarter looks like because they were the number one oculus Or the quest to have the most downloaded app over the holidays I mean, I've been playing it like religiously lately and I'm just like By um, it's it's definitely Like even if it's just this kind of like blimp where it becomes like the we and it burns out at some point And something else takes over it. I just people are under appreciating it and I don't think they're under appreciating I think it's just that facebook's always that child that gets like, you know made fun of in the top 10 You know s and p they're always under the bus or always politically chastised even though everyone has the same problems Like it's just it's so funny to me But I if I had to put all my money in one stock right now man It had to be facebook But I got to stop myself because like you always have to wake up and still realize that shit happens It doesn't always work out so you can't leverage the entire farm on it and I would like to do the same with babba though, man, but I can't do it yet. I just got to wait I've been watching it. I'm like, you know when the political shit blows over and the number Maybe you were buying it in the 200s, man. I sold it. I bought it sold it I did too. I sold it. I bought it back and I've rode this sucker all the way down because I'm not gonna sell Ali Baba for a loss. I'm not gonna add to it here I've thought about double in the position, but Um went in a little too too too heavy on it. Um on the onset got I got I got punished for it It's like everything this year. I got I got punished this year It's been rough for some of the smaller cast man. Those uh sparse, uh, the kathy woods, you know, those uh, those Well, the arc investments. I mean the arc investments are down significantly You know, I mean, I don't know if I uh, it's hard to believe her either to like uh, when you run the map on some of the Stocks because she's like they're gonna get a 40 growth rate That's her prediction But like that puts the valuation at some of those companies like insanely high in the next five years like I I don't know if she's just blowing smoke at this point because some of them are cheap Some of them I get it some of them. I don't I just everybody thought she was crazy when she said that tesla was going to 5 000 It's probably their pre-split basis when she said it. So, you know, I Um, I respect her. I I'm not interested in that element right here Um, I just I feel like I'm as leopard as I need to be and that's good enough. I'm totally fine with it What are you guys looking into for next year then? What's the what do you guys? I mean, what do you uh Build them out here. We're gonna buy more high-lion on the dips here I bought 250 at 585 Oh, I don't I don't I mean if you guys were looking at taking a speck play and you're interested in rng in the play In the infrastructure and the whole package You know, I mean You're you're you're bearish. I could come up with a bearish video and highly on no problem A good savvy investor should be able to do that With the there's and and with that said, I don't know even if you didn't want to take ownership of the stock right here Um, look at the long calls out to 2024 man Look at the long calls. You can still pick up some seven strikes right now pick up five contracts, man $800 might be might be the investment of your lifetime man to to You know obligate yourself to 500 shares of it right here and just sit on it Who gives a shit what it does in the short term? Sit on it reevaluate it if you want to sell sell sell the calls back At some point when you're in the money, which you will be unless you think that it's going to be below seven dollars by 2024 Um, that's a game that I'm playing which I don't talk about all too often I don't know if a lot of people pick up on the fact that I do own a big share float of it, but I'm obligated to 3000 contracts Mm-hmm. That's not bad It's pretty big actually. That's yeah, I'd say Strikes it strikes at seven and 10 and 1250. That's It's big and like you said Millionaire maker. I don't know it could bankrupt bankrupt to me No, I'm just kidding. It won't I you know, if the risk is worth the reward, baby Yeah, for sure. It's worth it somebody buy jma Um, so I was kind of splitting What's that again? I'm sorry. I was just joking sports cards. I've been watching your sports cards. Oh, yeah That too, but yeah, that's that's the only one thing um, yeah, no like splitting between uh, ouster and highly on ouster has a You're uh, 24% gross margins to get your your free cash flow numbers there for they they've got 500 customers that are buying um Sensors lidar sensors right now from them. So um, and it's got a market cap of 800 million right now um, so so ouster I've actually ouster has exceeded my share count of highly on so they've become my biggest Although it's cheaper right now. It's like 520 oust o-u-s-t O-u-s-t yep, and uh They're like the first digital lidar all the other ones that are making all the buzz. They're all analog lidar. These guys are digital lidar so But anyway, they're they're my they're my big Highly on balancing the portfolio with risk Uh, as well. So I mean and like I uh, I recently um Initiated a pretty decent position in dollar general As well. Um, as their expansion they even since I invested in them they announced that they're gonna Expand like 1700 more stores more high-end stores. So they're already Just mapped all across the country and they're moving to another country moving international too So dollar general is like a super easy retirement Stock like no doubt about it like super mega growth as far as retail goes like the only one of the only Bricking more to retail that I mean, it's almost a guaranteed Uh, it's hard to say that the stock market if there ever was at one I'll tell you Well, it's it's one of those that recessions don't affect that they help it It's right. There's there's so many. So it's a big pretty pretty decent I'd say 10 percent of my portfolio or something like that like the US dollar store But it's they're not they're not like a dollar treat like they don't Cap at a dollar they just sell look, you know cheaper stuff. Um, So we're we're dollar tree caps at it. Well now they're capping at two or three dollars dollar tree is but um, yeah, so That's uh, but I'm I've where I used to invest in You know 30 or 50 stocks. I'm into like 10 or 12 now very focused portfolio I went the opposite. How many do you have right? What are you at? It depends on what bucket you're looking at. Oh geez Well, oh geez, right. So my like my retirement account has three index funds Yeah, that's that's what I mean. There's another yeah my retirement account to my wife's retirement account the individual Roth IRAs They each have three ETFs in it one large ETF VOO and VGI Right vig excuse me respectively A small cap offering in each and then I grab Real estate in one and I grab utilities in the other In my brokerage account. I've got VTI, which I like a lot That'll be a basing position there with some large cap value in there And then I've got the the m1 portfolio. That's got 79 holdings in it It's kicking some absolute ass, you know, and that's the thing you ask what I'm buying Well, I'm buying it all because I'm aggressively funding it every two weeks, you know Mixing the minds of yeah I'm not sure what to buy man. I've got probably about 20 holdings. Um I'm probably going to buy some of the banks at the beginning of the year at all time High is not that I want to but just because I want to get them in my TFSA So I might just move some positions around into some tax advantage accounts to keep some cash flow, but Canadian Yeah, I don't know man, because I I the only I want to buy his facebook But I have too much of it I would love to buy a battery or small caps you guys talk about but I just can't do it yet until like I can really see a turnaround for those guys because like just Right now just seems like a too much of a burning fire for me. Don't do it. Don't do it until you have conviction, man Yeah, that's just right. I have conviction. I definitely have the conviction for them I just don't like the fact that they really down trying to like why play a trend That's just until it like you see the reversal because I'd rather lose a 20 out of sight I don't know if I would say down trending. Um It's it's these facts have all followed the same patterns It's yeah, but it's not even specs, right? Like it's just a weird basket of companies where they just like endlessly have been selling off for the last year to the point Where they're down 30 50 percent, right? It's been brutal. Yeah, talent talent some of the really good stuff. I mean so so far so far So far is a great one and you know to have it here at 15. It'll be back up You don't like to do this mid 20s, but I think that's a good entry on a 10 billion dollar bank Um, yeah, well when they are, um, I think that's a good play Like so far better than I like uh coin base. Yeah, yeah, so far is uh so far is good I mean a lot of them are good because I the thing is is I wouldn't just pick one like because I kind of have a strategy that I want to make a basket because unfortunately like each one of these has their own defined risk and they're They're kind of smaller caps So they come with a lot more risk But if you could just pick like four or five of them just wait for a reversal Let the sell-off of large caps and money looking to flow somewhere else and then just certainly Watch and when it happens just start pundit piling money in those five and just see how it works out over the year Um, but other than that, I want to I want to see your profit from it. Kyle I'm more swing-trady with some things now than I used to be but I I like the core holdings where I don't have to sell them though I don't because the big thing is taxes and stuff and I don't know it's just it's easier to just find buy and holds but I like making money right so I'm trying to find things where like I know I could like I'd have the conviction of like putting a million dollars in it Not having to worry about it So I'm like I don't have that that conviction with coinbase zoom Palantir like a lot of people like them But like I have that conviction toward your google's your facebook's where I know I can easily get a 10 20 30 A year like I wasn't expecting it out of the banks, but like, you know, we have that lucky Um, and there's there's a few companies that just did like exceptionally well this year, right that we're unexpected And surprisingly all large caps like these large caps are trading like penny stocks I mean you see the movements swing trading tesla doing some Options may be not the best idea I watched a lot of people get burned on the tesla options because it's just too unpredictable but But what I mean, it's just hard right because like I feel bad because a lot of people like they look at these companies And they see that we own them and they're like, oh, I got to buy this but it's like I'm not buying it right now I'm like my my buy price on microsoft is a hundred dollars a share But I don't want to sell it either Because I don't want to have to buy it back later. I like it so much, right? But you can't it's hard to justify the value because if you're not buying it today That means why are you holding it today too, right? Like that kind of comes back to the point that maybe you should sell it if you don't feel comfortable I think deliberation on a company like microsoft of facebook. I don't I don't really think there's any Real deliberation to be had I think those companies are easy to invest in they're easy to own But they could they could come down right like that's again people keep forgetting that These things can do what those small caps did they could easily turn around they could easily drop 10 20 30 percent And sit there for five or 10 years and you can't tell me they can't because Again microt like I can give you so many examples from the dot-com bubble where it's like Oh, man, have you told people where these companies would be today? They they wouldn't believe you I think a few stocks that i've watched here man over the last few years Have somewhat of an aura about them in that they correct Yes to your point and they jump right the hell back up again facebook has done it many many times It has provided opportunity and they are short And you got to be on it if you want to take advantage of those otherwise you're paying up for the stock amazon same thing google same thing And that's why I say Any stock with that type of resiliency? Is almost on that fringe between growth and value at this point to be honest with you Well like to cow to cow's point like like there are companies that like like intel You know IBM IBM had a hit a little bit of growth, but um and that is a split Stock split But like i'm looking at like intel was it was in 2018 57 dollars So right now it's trading at 51. So you're talking like uh four years later It's like 10 too. It's nuts how cheap those companies are right like you You could beat your head against the wall about how those are the best value plays of life and still not get any capital growth out of them Miss and miss out on amd Yeah, it's uh, it's entertaining that way I mean that's why the stock market so frustrating sometimes right because like it doesn't matter how right you are You can still be wrong. So you kind of got to be careful about it that way But um, but what are your guys thoughts on like some of the I know you've been getting into some of the crypto stuff My buddy, uh, I can't get over the money. He's making mining I think he's over 100 bucks a day now with his miner setup like he's crushing it I've been making like anybody listening if you hate crypto you don't want to own crypto Can I please advise that you just learn some of these platforms because the promotions right now? I cannot get over how much money they're giving out for free that you pretty well Act the canadian dollars u.s. Dollars whatever you want Uh, me and my girlfriend were just joking because over the holidays This canadian trading platform if you sign someone up through a referral and they deposit a hundred dollars They give you 30 and they give that person 30 bucks. So they pay out 60 bucks, right? So i've just been signing people up and giving them the hundred dollars and then telling them to send me Send me the money after and then they can just keep an extra 10 bucks or whatever So i've been making like 50 on every 100. I've been getting people to sign up just on this platform I've made 1500 dollars this year It's like What's the the the one in canada is called shake pay. It's the largest trading platform But their promotion is just insane They give you free bitcoin to sign into the platform shake it and they give you what they call shake stats Where they just give you free bitcoin like 10 20 and it goes up every day and like we're at a thousand Satoshis right now. It's just something like 70 or 80 cents a day and I think that's where it caps But it's like free bitcoin every day plus if you sign people up you immediately make a 30 return on a hundred dollars That you didn't even deposit. So it's like like I just can't get over it I'm like we're just printing off these free and there's so many There's ones where you don't even have to like do that stuff You can just go in and listen to music and they give you free crypto Like you can just sign up to video game promotions and get free crypto And nobody's talking about it But the people that are doing it like me and a few other guys I know Making like enough to go on a vacation for you Like it just paid for my whole vegas trip. I'm like this is crazy. What about tj get into the crypto I only get interested in crypto when it crashes like it always does 50% or more. It's like, you know, I mean, I bought on in what I'm looking at in like what? July July when bitcoin was down to like 30,000. I bought like $500 worth of a few different ones that I already knew about like engine coin, which is one that is NFTs and a few things like that and and one that The the company that I work with Pocket properties they built Algarand they built their their app on that blockchain. So I looked into it and I was like that one's going to be That's got real utility. So I've only been buying ones that have real utility ethereum Algarand engine coin Yeah, but only when there's huge huge huge crashes Because again, it's it's that's way to me. That's so much more risky than highly on Highly on the real company So there's no utility in it. The only utility has ever been found in crypto so far. It's NFTs Well that in transferring value, right? Like I mean bitcoin is the only no one wants no one wants to buy They're not they're not they're not using it for transfer But the thing is if you wanted to send a billion dollars to shine Well, maybe not it's it's not as easy now because trying to band it from the trading platform So you might have a harder time converting it to cash I've only been stacking bitcoin man Like I have a hard time even trusting ethereum like the story is great But the problem is if you talk to people that know coding and like actually no coding like ethereum is a really clunky network Like a lot of them are extremely clunky and not like they're not refined, right? Like it's like the 90s and the internet stuff. It's just like it's so early You just don't know so it's so hard to like just Bitcoin is even slower and clunkier. I mean so yeah, it's definitely has its I was in bitcoin in 2017 and multiple times I bought it and like transferred it from wallet to wallet Scared the death that it was never going to get my bitcoin because it took seven hours You know, it's like the dumbest. It's still it's the worst dumbest currency Anyone has ever thought of that would be an actual currency. It's retarded to think that that's going to be I mean, you could say that but you got people like, you know, I mean The guy that me story girl owns it for SpaceX and he owns it for Tesla So, I mean it has some merit to it, right? Yeah And it's great But it does have some better features to it that currency doesn't have right now But the matter of how it works out in the long run is debatable But I wouldn't say it's trash or it's worse than currency I mean, I think it has some merit to it It's just a matter of how you value that merit and exactly where it goes from here and what take it over Is those people understand the scarcity of it? That's what brings it value not because it's a currency because it's not Like I said, it will you would be foolish to use it as a currency because Someone can scam you seven hours later. You don't you don't even know it because it took that long for it to transfer You know, you're not buying it anymore that Yeah, so anyway, I'm not I'm not I'm not trashing it because I think it's you know, like I said for sort of as an investment a You know alternate asset class and the scarcity of bitcoin is why it's appealing, you know In in because I'm not like I have a hard time with it because like I don't I think it's all a bubble to be honest Like I own my own little percentage of it, but I think nft's especially I think the vast majority 99 of the crypto markets a bubble I think people are going to wake up to a harsh reality in the next five years If there's I had a guy ring me out. He's like, how can you say it's in a bubble? I'm like as your neighbor's kid How much money do your neighbor your neighbor's kid's making more money than your your dad It's the CEO of a company for the last 50 like you don't understand like this market these these these coins that have no merit Like you're saying are trading at 30 50 billion dollars of value people are trading nft's and they're thinking board apes have Like that these monkeys are worth 500 They're only worth that much because there's a community behind it of billionaires and millionaires and wrappers that you get to join into a discord with Other than that if you're buying an nft because you thought board apes were worth a lot Like you're missing like they're jpegs. There is no value to a fucking jpeg unless there's a community behind it Or you're a big artist or you have something to give it merit. So it's just like people don't realize like I don't know I think it's the biggest bubble man I honestly think it's going to burst and you're going to see 99 of it go to zero and then there's You I already burst it man. I took a small stake in it this year So all crypto investors beware man independent investor channels invested man. That matter how much I matter like like I like I think the utility with the nfts is like To me like I'm what I'm saying is it is like the you can attach physical to the nft as well But yeah, you're jpegs those I mean Oh, that's just silly crazy crazy talk see the problem right now is I think when it comes to the crypto market There's people that made so much money off bitcoin and ethereum that they don't want to pull it back out into cash But they want to convert and diversify and then nfts came around The problem is the nft market hasn't evolved anywhere yet Like that's going to become into the sporting industry the music industry We're going to see movies from huge like producers drop them in through an nft or blockchain based market Like that's going to happen But because we're not there yet There's too many dollars flowing into shit and like there's nowhere for it to go So like we're seeing like again It's like digital real estate like people don't realize these digital real estate platforms are really neat idea But anybody can make their own It's not like a unique idea that you can't make your own platform and have people buy digital real estate on it And it's too early to say that that's the one that's going to be the maker or breaker of the entire You know metaverse ecosystem, but there's going to be so many of these it's just it's like It's the same thing is this how many of you used msn best example go back 20 years ago How many of you used msn everybody everyone used msn to chat online? How many people use it today? Nobody and there's like five major social media platforms when there were thousands of them 10 years ago It's just like it's the same shit and people just don't like they just don't want to the younger people Don't want to realize that yet, but they're gonna have a rude fucking awakening. It's gonna be rude telling you Well, like the like the big money nfts that the people that have been spending big big You know big big amounts. It's been, you know, they've been they've been using crypto gains to buy And that's a I think some people don't connect that sometimes to your point like some, you know To your neighbor who's in his basement who made You know two bit two million dollars last year on crypto and with those gains He's the one buying the you know the eight megapixel jpeg for $70,000 is people aren't like transferring something their money from wells fargo To buy bitcoin to buy the the seven megapixel picture, right? That just don't happen It's people that made thousands of percent gains on crypto. You know, I don't think people connect that too, right? Yeah, that's good. It's a it's a really good point. It's I think it's just It's just scary man But I think the problem is I think there's so much value to it that like just shunning away from it's not even the Right idea either like just learning it right now I think because like I look at gary v right and I noticed that he's been doing some stuff that I think is Brilliant like if you can understand how that operates and you can go to a company like pepsi Like they tried to and you say hey, why don't we just make you these nfts? We'll drop them I want five percent of the resale value and you put it into the smart contract and now you're Perpetuating cash flow for as long as those things are churning right and if you go to an artist And you have the knowledge of how to set that up you go to a famous artist and say hey We're gonna drop m&m You're gonna drop a hundred thousand albums because everyone's gonna pirate your music anyways You might as well drop a hundred thousand original album pieces on the blockchain And let's see what happens and then you know it's a it's a huge major hit that each one of those albums is now worth 50 000 a pop and they're constantly getting resold and m&m's making tens of millions You're making millions off just the your percentage of setting it up And it's just like there's a lot of brilliancy in it that I think people are overlooking I don't I love the whole industry of it I just I can recognize both sides of it And I just like because people either hate it or they love it But I'm like like ryan said at the earlier day like you have to realize There's always two sides to the coin so if you can learn both and find that middle ground There's always value to be had But it's fun man. I think it's entertaining Well, hey ryan, I'm gonna jump off time to go get more ibuprofen I don't blame you we're gonna wind it down anyway. Yeah, I've got some obligations too And when I chill out here with the family start to wind it down anyway, but Gents seriously being a happy new year to you guys. Thank you for helping me Come on and kind of close down 2021 man. You guys uh, Guys are hello friends and we've never met in person, but uh, I feel like I know you guys appreciate you I got your back all the time. Absolutely. And I know the community appreciates it. Well, you want to check out both these channels, man They're killing it. They're hustling. They're doing a great great job I'm some very insightful investing minds going on here guys So go get that mid get well j happy Happy new year to you and the family. All right I love I love for you. I love for you to look into ouster and then come back and let me know what you think about that company That's the the ticker. Let me just make sure I still have it here because the ticker on that. Yeah, I have it right here Right. Yeah, for sure. For sure. Thanks, man. Let me know All right, gents. We'll see y'all the new year catch on the flip side. See you see you guys pleasure. Take care. Yep All right, I guess I'll like you uh I appreciate you guys kicking with me help me close down 2021 just like anything It's great to hear different perspectives on on how we make sense of this game The irony and the whole thing is there is no making sense of it You know, it's nice to hear these different opinions and From different perspectives and what we're seeing in the industry where things are emerging There was a lot of emergence of new industries this year I hadn't heard nfts in 2020 and here we go in 2021 some interesting Some language, you know, I'm interested in the ev space specifically. Obviously my conviction lies there it's great to share those perspectives with you guys and You know always trying to drive toward that awareness And transparency and in how retail investors are seeking out exposure There's a real value in that You don't need to always seek your exposure in a swim lane that thousands of others have followed You don't and these are just unique swim lanes that each of us have carved out for ourselves In how we seek exposure and that that is where the value lies and I think to be able to come in Enjoy the community and the capacity that we we allow and I actually facilitate and And really try to foot stop Because I know if you're interested in spending a little bit of time on this craft You can make it make sense for yourself and carve out your piece in the independent investor game Because it's very very powerful. It's very very lucrative Watch you guys to all follow me on this journey and Looking to become empowered investors into 2022 seeking out those opportunities And and doing some wealth building for ourselves guys. So appreciate the gents j mac investing specifically kyle passive income making his way onto the channel helping me close down 2021 There's been some bright spots and it's not so bright spots. No big deal We live to fight another day because that's what life is all about Sometimes you got to you got to fight a little bit. You got to stand up for what you believe in Put your stake in something because you have conviction I mentioned that on the live stream tonight super important If you don't have conviction about investing as a whole you're not going to make it anyway So learning about what it takes to to gain that conviction understanding why you do what you do is super important in this game So all the best to you guys happy new year to you and your families out there Thank you for your continued support of the independent investor channel And its projects. We will see you in the new year next year as we continue the live stream nine o'clock Eastern standard time on the fastest 60 minutes on youtube. No doubt about it We'll catch you next friday on the independent investor channel live stream. Be well be safe. Take care of each other And we'll catch on the flip side later guys You