 Hi guys, we are live here on a Friday evening 9 o'clock Eastern Standard Time I am projecting to you and to the grander independent investor audience like to welcome the Subscribers to the message the devote subscribers some of the most devote subscribers out there I want to thank you and for you guys that maybe you're tuning in and see that I'm live here for the first time Over social media welcome. I don't know what I would do without this Platform to come on and talk about what I feel like is almost an opposite effect Unfortunately, I think people often succumb to Behavior because it is politically correct to do so I find all the time that and I'm not a cynic. I don't just look at the opposite thing In all cases But I cringe sometimes when I see some of the activity About how people react to especially financial markets This is an investing channel, but I dig a little bit deeper in perhaps maybe allowing people to understand that by Understanding some of the basic principles about money You can actually begin to enjoy something very very magic in life And that is to actually separate from your money. Okay, not pay so much attention to it now I didn't say don't pay any attention to it Some of these folks who float through life and some of some of them are some of the privileged people that I know That have been brought up in an environment where they don't have to work for money. Okay now that I really can't help I can't I don't know how I can teach somebody Appreciation but my program is not going to tell you how to trip and fall and become a millionaire overnight that happens all too often in professional sports in Way of getting in and spending an average of about five years in that professional sport and very few people even make it anyway But the misery of it is those people after they retire they end up broke 75% to those people and they're making millions and millions of dollars If I could ever accumulate a mill mill and a half I would it would be the pinnacle for me And some people would say well, that's you're a millionaire Ryan. I don't know I Have an interesting perspective about What you can actually buy for you know a quarter million dollars a half a million dollars and I'm not afraid to say those numbers I don't shy away from them I don't use the term millionaire very often because it's so misguiding to a lot of people so misguiding people get caught up in Trying to pay attention to what everybody in society is trying to do to become a millionaire and they fail to understand that the majority if not the vast majority of people will fail miserably of Even coming close to that level of savings Why because not only are they not mentally prepared to enter into that realm which they're doomed anyway But they fail to put the the pieces in place over the course of your life. It's a lot lifetime pursuance of wealth You know some interesting content this week I there's some content creators that are really piling up on on one in particular content creator and It's one in particular. I started YouTube about the same time as this individual I actually feel sorry for this individual now I would never allow my life to be consumed by social media social media is pathetic Y'all are some sorry people man if you if you You know get so enthralled by this thing It's intriguing the beauty of social media is connecting good people There's no doubt about it. I see detanks in the group here man. It's on a great people. That's why I do it It's the sheer motivation behind me slowly defining my network and That's the thing is I look at the twenty seven point nine thousand subscribers on the independent investor channel if it ends up going down 15,000 Then it'll be just like any other investment that I've had that's gone down maybe 50 percent. That's all right It's amazing how those subscribers hold in there and they're and they're loyal to it, but I Think it's a really really rare opportunity For folks to come in and they get to talk to somebody like myself I am live if I cut myself open right now You'd be we would go from like a commentary and a and an entertainment segue into an action movie really really quick The problem is I don't I don't script my stuff So I really know I never know from week to week. I never know what I'm gonna actually engage in with my topics I have a contrasting message tonight Between what I feel like everybody wants to do and what nobody wants to do and and I find this contrast Interesting because I find that what everybody wants to do Will probably lead you to a darker place down the line. Some people are naive do it Some people don't care Some people are happy know what I'm envious of those people those people that are like man alive Just happy you happy all the time. It wouldn't matter, you know Maybe even people with less opportunity. I mean here in America We do a really good job of squandering opportunity even I'm guilty of waste You know, yeah, if I had to buckle down and tighten down the screws on my program, I could do it I could do it a lot of countries are doing it just by Necessity that this is all they know to live what they consider just normal life Americans would look at it and say man alive you Live in such a frugal life, you know and people be like, what are you talking about? We value family. I value work and I value health and well-being You know, I I spend my time probably more than you on focusing on those aspects that a lot of people that get caught up in the rat race of You know working until you're 50 and then keeling over with a heart attack at 50 years old Are looking to pursue You know and the journey all the way up into that point is look at me I'm whipping some ass so I can buy a BMW and show off to my neighbor Yeah, so the very contrast will give you kind of some insights into how I approach this deal and How I've observed and I'm super proud. I'm different than a lot of people I can't really engage all that often in the financial discussion with a lot of people This is my out. This is where I get to come and actually do it Some people appreciate that some don't and and that's okay, too But what I said at the top of this live stream, I absolutely mean You have to be very very careful with paying zero attention to your personal finance and your discipline and your budget and all of the other attributes that actually come with the financial stewardship that I demand of people and the very people that I demand financial stewardship of would probably them be the most self deprecating or the most self-demeaning people out there that All too often think that they cannot get ahead Rich people think they've got it licked and that's a whole nother ball of wax out there of people who think they're financially successful Because they have wealth I don't I'm not quick to dub that success. I'm not Because it's the very nature of the appreciation that you have for that wealth in other words What did you have to do to accumulate that wealth? What is it that you define in way of wealth? Is it a stack of paper? I don't know if that's your shallow interpretation of wealth. So be it my interpretation of financial security down the line is being able to provide security food shelter health and well-being reserves right the ability to Maybe segue if nothing else over the last couple of years. We've learned the value of of our of our Domicile as a sanctuary, you know, there's an there's an idea for you You want to be stuck up in the confines of the city like me? I mean, I'm in a city here with you know an ungodly amount of people I mean, there's 500 million people just on Staten Island here where I'm where I'm at Crazy stuff. Is that is that security? Is that success in my mind? No, I would share with you know One of those things that I think a lot of people would rather just come on to social media and just exaggerate Everybody wants to come and exaggerate. I'm awesome. Watch me. I have wings sprouting out my back So come and watch me. I'm something special Would in fact, you know, it's amazing. I watch social media and I watch intently For people who demonstrate certain attributes like myself That actually give me some insight to understand that that person on the other end of the line Understands that they're a human being Yeah, and they are susceptible to mistakes You buy tattooed chef and you lose eight hundred thousand dollars When is it that you accept some responsibility for that rather than just Suggest that maybe it's everybody else's fault See that that's the category of what everybody wants to do the consumers of that message They want it to be true that the provider or the facilitator of that message wants to give an image that You know, everything is okay that you can just somehow wait it out That somehow in the eyes of the stock market that is still a prudent financial move. I Mean I'm here to tell you and declare to you. It's bullshit. It is. It's just utter bullshit You know You've got to be a little bit more scrutinizing About the information that comes through And what I'm really interested in the network and the way I would assume that or or presume or even expect that my audience receive my message is Is one that you put Do attention to but nothing more nothing more Now I Wear the same t-shirt everything it's snowing out right now I'm still wearing my I don't have any socks on right now I believe we can talk personal finance and I don't have to have a suit and tie It's something that I've believed all the way from the beginning and a lot of people will disagree with me a lot of people would say whoa whoa You're eligible to step into this realm of discussing the sacred financial Elements with people if if you're in a suit and tie and present yourself well Perhaps maybe I don't know drinking a jack-and-coat tonight All the best of the evening to you guys man. I cheer cheer to you guys Andres Valencia is in the house Talking some technicals here this week on the daily chart textbook three-bar play flawless fantastic Good stuff man appreciate you stopping by But I always look to draw this Contrast and I think it's important for people to understand. I'm really always trying to get to that root of truth For me for me. I don't want you to come and listen to me talk and Suggest that somehow, you know, I'm a truth teller Now a lot of people come into my message and they completely disagree with with what I say I'm not out. I'm not a elegant. I'm not and I'm not one of those people that patronize If I see something the way that it is I will tell it the way that it is Yep, and that's a lot of what separates me from a lot of Content creators. Maybe it's because I'm older. Maybe it's because I'm 45. I don't know To be honest with you at 45, I should probably have no business on social media to be honest with you, right? This is a young person's game Right well the young people want to come in like a piranha tank and you know Bop each other on the head and prove how awesome they are as young people Yeah, I don't know. I think this is one of the most lost generations that I've ever seen I think they need to figure out what it is in life is going to make them tick Because just trying to prove something to an invisible audience on social media So they can get the likes on their profile is a shallow pursuit of happiness in this life. No doubt about it I want to find that one person that you can reciprocate some attention in and get along with Maybe I don't know duplicate yourself. That's a lot of fun Yep Find yourself Raisins and children you'll find that your life becomes a whole hell of a lot less about yourself and a whole hell of a lot more about others And for me, there's not a whole lot left for me I'm a happy guy. I talk about that spiritual actualization all the time. I speak about You know finding those for me. It's the 16 things that make me tick And I look at my pyramid all the time in my mind and I realize how lucky I am that I've spent very little to no effort in a Lot of different aspects if not most of them now I don't walk around in a euphoric cloud all the time, but I spend More time than the average bear in the top of the pyramid and I'm a lucky man for that really appreciate you guys joining me this evening and Hope all as well. We've just kicked into the winter here in New York Be kind of cool to kick into the holiday season and really close out this year in what has been Fairly crazy markets right now guys If you would tell me that we're over 20% or down 20% I'd probably be surprised to report to you that the S&P off 16% and the Dow in the value category here in US markets year-to-date or down only 8% it feels worse than that but from the perspective of Sentiment this year. I can tell you there's been times During this year that have cut pretty deep not for me. I've been fine I've been buying this entire time as a matter of fact I've taken my foot off the throttle a little bit and put a little reprieve on the buying But I've been buying heavy over the last 18 months Going back to the beginning of last year and it has been a prolonged downturn for me We're gonna talk about that a little bit. I do have a special guest this evening a little bit of a special treat to mix it up Bringing two nations together my Canuck brother from the north is gonna be on this evening I'm super stoked to talk to him, but before we do man. We're gonna cut out for a short break here I'll be back with you in just a moment Always a special treat when I got Kyle on the in the house man Kyle's awesome He gives me energy So I got up my game when Kyle comes on the live stream man get my energy Kyle What's going on my brother? It's great to see you man. I'm trying to live the dream here like you man Geez, I wasn't expecting that I'm running around. I just get back from dinner. I threw it up Here I am That's the beauty a connection Sitting hard man. How are you enjoying the calamity? This has been probably one of the most dramatic couple weeks in the market I've ever seen in my life worse than Enron worse than yeah, oh, yeah, honey made off It's it's really a trillions of dollars in the toilet man. They're gone. It's iconic I don't think people understand the I mean Tom Brady Kevin O'Leary Everybody for millennial money half the YouTube finance fear. It's like man Overnight there is no bailout. This isn't a Lehman brothers. This is worse. There's no government coming in to help you anymore Yeah, that's that's part of the fear. There was a pretty good interview today about you know How much there's pretty serious talks about regulating cryptocurrency, you know and you know by doing that Opting into that regulation and oversight do they almost put themselves in a position to offer a certain bailout if Situations like this could happen into the future, you know, are we talking about a GM situation like we had 10 years ago where? You know people people have absolutely get crushed, you know I think some of the things that I'm seeing is the neutrality of the financial markets That's kind of cool. It seems like the banks are actually doing quite well through this and financial markets have held out Up well, it seems to be fairly isolated to the crypto market, you know Coinbase is kind of taking a little bit of a hit to you, but you know anything FTX related It's going to be interesting to see how the story unfolds. It's it's not over. It's not over I you know a lot of damage has been done and I think you know, perhaps maybe even more damage is to come What's your thought? I well, I mean it depends crypto markets obviously dead for now full crypto winner It's gonna take a while until there's some proven aspects of it before I think we see another bull run Which I think is coming It's just it's like the dot-com era right like 99% of tech companies went into 2001 I mean crypto is the same thing like there's huge. There's huge waves of technology there Just it hasn't gone anywhere yet or been implemented into video games NFTs or any of that stuff So it's it's too nuanced, but from the bank standpoint. I think banks a lot of the REITs I mean the only good thing about this is during the pandemic a lot of big companies really You know really foundationally set up their balance sheets like some of the REITs that I buy here in Canada are very robust set up for a market like this They're big on it, you know, they set up huge loan loss provisions They got ton of capital and now interest rates are going up So it's a double-edged sword right they might see a slowdown in mortgages But they're printing off interest and people are spending money man credit card debts in an all-time high I don't that's a good or bad thing, but I went to the mall Yeah, and it does not look like we're in a recession. Yeah people spend them people spend them Yeah, for sure. Hey something I I kind of noticed that you did a little bit of a comparison You you were talking about one of the bigger YouTube channels and you really do a good job of staying really above board I mentioned at the top of the stream I I actually watch now and I kind of feel bad for people that are incurring that kind of loss and you talked about Needing to have such a risk tolerance to play that game and I heard you say that and I was like I don't know. I don't I don't know if anybody can can stomach that people can tell themselves all day That they can but you had had shown your portfolio For those that don't know you very well And maybe come in and are introduced through my message Give us a little bit of breakdown about your investing strategy You know now to kind of help somebody where you're coming from and what your goals are what you're trying to maintain because You are diversified you kind of broke down, you know and challenged the nose and not Diversification as stated by the individual that you're looking to critique in all fairness, but yeah financial education, right? I don't know. It's um, I Think from the diversification standpoint for me. It's out of fear like I obviously through 2019 2020 2021 Like the money was so insane like you could have threw a dart at the board So I think all of us everybody even everyone watching this. There's nobody above moral standard here We all got kind of greedy But like I was always really prudent about obviously like waiting stocks like even Tesla I'll get more than 10% of my portfolio and if it went too much, I would just take profits, right? But I think my standpoint today is more or less like because me and my fiance like we were good I'm like, I don't need to gamble anymore. I don't I don't need to chase things like I once did So I'm not nearly as from and the thing with the diversification and why I like because I only really drove into ETFs at the beginning of this year at a year of my own stupidity because I just didn't know what's gonna survive this I mean, I don't stop still that like my YouTube my Subscribers are kind of hurt by which like Algonquin power like some of these utilities are even getting Slaughtered because they mismanaged their debt and they had short-term Loans, right? So they're Lisa. Yeah, you know as soon as the interest rates went up They're starting to get just slaughtered because they're not locked in for five or ten years So I mean you really that's what scared the shit out of me because I'm like, do I know enough Old 20 or 30 stocks and be aware of what ones are gonna come through this whereas Well, you know, you buy something like B. I am or SCHD and they're waiting oil stocks Like I would have never bought oil stocks and my portfolio is doing really great primarily cuz look at Exxon It's back in the top 10 s killing it. Yeah, I am has Chevron Exxon Even got Berkshire outperforming because of the oil exposure And I wouldn't have done that personally because I was too ignorant to the sector But at least these ETFs auto wait by market cap So you end up getting some of that performance and when it goes off It just starts under waiting like it's so beautifully mathematically managed that you get a lot of the upside and a lot of the lower And downside when these things start like look at meta right meta used to be an SMP top 10 now It's somewhere down in the top 50. Yeah. Yeah, it's it's like you kind of have to understand like it's I don't know. I just for me personally just because I don't I want to sleep at night It takes an extreme amount of maturity To to take on that strategy not a lot of people have it, but you said something really interesting about You're kind of at a point now You took some good risk at an appropriate time And I think there's something to be said about that and I think there's a lot of 20 year olds that are You know getting caught up in this whole dividend thing and and and unfortunately look how it worked out For you you got to a point where you kind of accelerated the game a little bit, you know And and I'm not saying it's right for everybody. Everybody really needs to identify Start defensive and understand that that tolerance But you kind of did accelerate your wealth growth and that you should be at that seven figure Well in advance of a normal mathematical curve, you know We want to set people on a trajectory and an education to realistically have some financial security down the line But you mentioning that is really important and a lot of people fall until it's like I can continue this You've kind of taken a digression from that to say, you know what? I I'm gonna put it on a little bit more of a predictable trajectory I think you have the framework it to depending on where you are at your investing career because I'm not somebody that ever made Six figures at my job up to like 20 21 like I wasn't making big money, right? So I was younger and I was so prudent about trying to find something that could fast-track it So I was more intrigued by the individual stock positions, which is what kind of got me to where I am But again pure fear at the scale that I'm at like I can't be like financial education where all of a sudden you make it Big like you kind of get to these goals that are like holy shit at 30 This is relatively impressive, but I can't keep doing it because I'm too scared to lose it So I'm like I'd rather look at making a five or ten percent return on half a mil Yeah, then you know make a twenty or thirty percent But be highly leveraged to volatility right because it's just it gets it gets sketchy man Like I don't know like I said It's just I'm always horrified and terrified of losing money So like when you make it and you have really good gains my whole rule was always diversified Tesla goes up big Diversify it scale it down do that's what I did with all of them like Apple same deal Like I mean Apple was a huge hit for me and I again this again This is someone talking about three to five year long run terms though same thing with you right like you're not buying These stocks even though they're volatile for next year next month all of us like I held like canopy was a big one for me in the beginning I held that for like three years like Tesla I didn't like that one's probably a shorter time frame because I got it toward the end of 2019 But I think people have to understand to right like I went through the volatility But I didn't have as much money So it didn't bother me as much because I mean my I showed it in my last account performance I was like in my early days of investing my account dropped like 45 percent and it didn't cover for like a year and a half Two years, but again, I didn't have a lot of money I believed in what I was doing and I just kept buying these kind of things and it worked out But again now if you do that and you screw up you're gonna screw up once or twice Yeah, well said let me let me ask you I want your perspective on something and you know Jeremy Jeremy's getting some scrutiny and and anymore man. I really do kind of I wish I could talk to me like Just man-to-man one-on-one. I wish I could talk to the guy because I don't I don't really think Jeremy's immune To making a decision to say, you know what I'm already a multi-millionaire But let me just let me just digress and maybe maybe people who are scrutinizing me Some are being assholes about it. I totally get it. I never want to get off on somebody's misfortune I don't want to see that because it's not he made the decision But think about how many people are also maybe maybe taking that and saying I don't know I trust this guy whatever Here's the thing Is is is he so far along the line to where he's immune from? Subjecting his decisions to massive losses into the future with his strategy Or is he just gonna remain a millionaire and it doesn't matter what he does he can screw up royally It doesn't matter. Are we in a 2022 right now where we can create a figure like that that in my mind I just I would love to see the guy pull sharks and start teaching people About a little bit more self-discipline because the way he talks Yeah, like so no no Today he just posted a video where he was asking people for help and he's looking for his quote-unquote Charlie Munger from the random skew of people on the internet even though he had granted me Like the guy had such a sphere of an intellectual Even had everything money reaming him out and then here he is all of a sudden saying okay I overexposed myself to tattoo chef. I didn't follow my rule of exposure. It was a mistake I should have the verse like he just did a 180 all of a sudden and I just felt it's so oblivious and odd I was I just it floored me a little bit because I'm like that's interesting What are you doing? Like this doesn't make any sense like this was your your go to this is how you were doing it And then out of nowhere now you're like making it out like tattoo chef was this huge mistake And yeah, maybe it was but like my biggest problem with him specifically is it's very similar to venture capital Which I kind of abbreviated on is that he's picking like 10 to 20 stocks And he kind of was gloating that oh well Everyone's making fun of me because only Tesla and elf made all my money and he's like but I picked those stocks It's like yeah, but that means your win rate is like five or ten percent Which means if you didn't pick the lottery of those two stocks You wouldn't be seeing those games and a lot of people did not pick those kind of stocks They didn't see the thousand X return like you did from Tesla They may be bought something like a meta they may be bought a PayPal or a Netflix and they lost 50% with no Yeah, it's it's it's lottery playing right so for me It's just like the guy doesn't have any long-term built-in strategy Which is something that I've always advocated that even Kevin O'Leary advocates toward like if you're buying speculative stuff when you make it When you make money Diversify think the long term and long-term investing is like Graham Steffen like VTI Like these you always have to have something like that in the background Maybe his wife does maybe he doesn't his private account He's acting right now to me says that I think he's starting to get cracks in the emotional barrier to The volatility of do these things really come back because Mike Vaughan never came back from the dot-com bubble a lot of bank stocks Never came back from 2008 like you look at like I don't know his bank of America But when you look at those charts that could be any company There's nothing saying they have to go back to all-time highs even if they make good money for the next decade Right like there's no guarantee in life with this kind of investing strategy. So yeah Well said I you know, I it's just too bad, you know, there's a lot of there was a lot of followers I'm pretty insightful too. I really do kind of feel for the guy feel for any help anybody really do But yeah, you know to see somebody like that and have so many people following me He had you know a lot of followers right in the palm of his hand and it just gives Investing kind of a black eye then I hear folks like you're your channel is growing really well Just keep pressure on it, you know, you're gonna be up there with a little bit. What's that? I don't need to be big everyone's like I'm like I make six figures off YouTube between my channel other social media account like I don't I don't care about the glamour of Oh, I need to be if I'm not at the scale of it now, and I'm nobody. I'm happy being a nobody I like it because my pressure comes on this is everyone pointing the finger at now those guys They're the ones that could get sued. They're the ones that are gonna be I'm just too small to give a shit about Don't don't make that think that I'm gonna be like, you know But yeah, yeah nimble. I don't need I don't care, you know So as I'm making money and my family's good and we're happy who cares I don't nice nice nice to hear somebody actually say that because it's actually refreshing You know because when you start YouTube, what other goals do you have what other? What do you think quantifies success on YouTube and for me? It was kind of like I gotta get to that first hundred thousand subscribers, you know and you do and it's like Wow, that was crazy and then you get to a thousand and then you know It starts to grow from there and it's like where where can it stop in this and that me personally? I've never cared. I've said this many many times. I've had people come go through the channel. I've seen 50 channel creators come and go to Kyle. Oh same Some really good good good people, you know really good people and for whatever reason they say doesn't mean they're bad people because they've Moved away from social media. I don't think this is for the faint of heart to be honest with you But I'm with you it's you need well because it's like for me I came from the entertainment industry like criticism and crap used to it It was my entire life for a decade. You know, you get criticism from every front I used to do you know everything from the entertainment bar magic stuff like everything So, you know YouTube's a walk in the park because who cares about comments and I don't know about you But you know, I grew up on early internet days and I don't know if you guys were around before there was Finance guys you had stock twits you had forums and they were They were like beyond like it if you can't handle a little bit of drama on this stuff like man you should have existed 10 years ago on the internet with stocks because Yeah, it was worse than 4chan like it was so toxic and so gambling and everyone calling you like I should even like some of the comments I get on forums now are funny like oh your haircut like I'd listen to you But you need a like just stupid crap and you're like man, so I get why people, you know, especially when you lose money I mean, it's it's one thing when when you like, you know When you get kind of caught up in a sphere like FTX or crypto like I can see how it Really crushes your soul like when your portfolio drops 50% and then you have all this hate coming on top of you You know your family is probably getting hypercritical of you because like it's your family's wealth So I mean like you're mismanaging it to some bearing extent and I'm gonna say Jeremy is managing it because to lose 50% of your portfolio when the S&P is only down 17 16% on a year and VYM SEH like he just again this comes back to the point of you don't know what you don't know and there's Like Exxon these stocks are up a hundred percent this year It's like if you miss that then clearly like your investing philosophy isn't including the broader sectors that will outperform in Market cycles like this which means you're kind of being oblivious to the broader picture Which if you are then you need some exposure to it, right? So like I said, I was I was ignorant to that I completely wasn't till I got slapped upside the head with meta this Year and you know, I started seeing some of my stocks drop 50% and I was like I can't have this be my whole portfolio Or I'm gonna be in trouble. So what's some adjustments? I still hold a lot of individual stocks like my fiance holds a lot of individual stock But we're very Mitigated I think it's maybe like 10 or 15 percent of our whole portfolios are individuals and I'm very proud of that And we're sitting on about 10 15% cash. So I'm like that makes me sleep so comfortably It's my sweet spot You know, I thought I thought I had remembered a time me and you've known each other a long long time And I think there was a time there when me and you were kind of going back and forth on cash And it just it speaks a little bit to the times, you know It was a lesson that I learned where I it just made sense to me So when I come on to social media and it's like, you know, I just feel comfortable. It doesn't matter and You know flush markets everybody's like why why don't you just throw it in the market? Like you said, it's it was easy money, you know, come on But then you really realize the the opportunistic cost of money and how it just being static and neutral Can can kind of play that buffer and also provide that liquid fund because I have been deploying some cash I've been replenishing the cash, but you know, most people would take like a, you know, a Short-term, you know line of equity on their home or go into the bank and buy or even worse Maybe take out a cash advance on a credit card I just look at it like I'm taking a loan from the bank of Ryan, you know And I'm making smart purchases with and I'm making opportunistic stock purchases So, you know, and I try to replenish that cash, you know Have you been through like a major emergency event? Like I've been through two of them now and thank God for March of 2020 because like like you said like I was all Cash in the market. I thought that was my liquidity Didn't care and then when I lost my job in the pandemic, which was crazy stressful and pivotal I quickly realized the value of that emergency like Dave Ramsey would say right and then coming into this crash I won't I won't talk about it publicly, but my family Unfortunately has been hit really hard through some aspects of this and yeah, I had to come up with like, you know Yeah, and I'm still having to help out and I'm like man I'm so glad I had comes in handy, right? I was like, you know 510 grand immediately gone like that and I at least I'm not utilizing debt And I'm still having cash left over to continue to help like I don't talk about that stuff I wish I know I know my family's not open enough and they get pissed and I've already been reamed out 10 times because I've Abbreviated on a few streams or I was like, you know, this is kind of what's happening So sure I would say we're more open because I feel like a lot of people are going through that and these are the Moments where like when you have that liquid cash and you need lawyers or you need something and you have to come up with 10 20 grand Like holy crap like Dave Ramsey said it it takes a dream situation and makes it an uncomfortable one But not necessarily an affordable Unaffordable one. I said, I just it's not something I think anyone will ever appreciate until it happens Perhaps you're right. Yeah, and you're like, okay I need cash like I can't I can't be because then again you end up in this situation where you know You need the money and your stocks are down 30 or 40 percent. Yeah That could have happened to me very much this year if it wasn't for that cash position So I mean in same with 2020 like if I wasn't in a comp like, you know In a cheaper living position like I was like I would have had to sell my stock to the bottom of the market Instead because I was super cheap and the government started funding us I was able to actually invest in the down period because the government was just giving us $2,000 a month That helicopter money, baby Canada gave us a lot more than they gave you 12 grand from the government or something ended up having to pay like two or three of it back because I made sure It was a weird time. I think that's a it's a big takeaway for people, you know Is to anticipate that life is gonna happen? You can't put your thumb on what those life events could potentially be But but give it a try I would love to live in a world where I could just take all my cash and and put it to opportunity But right now you get good interest rates on banks again. You got GIC short-term 30 day Different era. Yeah, there's a lot of good cash like I was looking at my Fiancé's cash account and I was like, holy shit like the interest she's making like again We're not talking huge interest, but you know, you've got decent chunk of change sitting around in all It's making you five hundred a thousand a month just sitting in a savings account or not a month But maybe like annually I'm like annually and that's right Yeah, it's like man all of a sudden cash is like, you know You can print it again if you if you've got a decent little chunk of savings not like a year or two ago When you're getting point zero five percent zero Yeah, really zero or two teaser rates to get into these high interest and they drop it right down on yet For sure. Yeah, no, that's that's a really good point for sure. I don't want to cut out here too early I'm gonna get off in a sec, but I gotta ask you man. How are you managing all this? I've been catching the odd stream here there. I'm glad I could get done tonight But you're holding up well through this family's good. Everything's all right Through what? I've Personally I'm tickled and nothing Nothing could be going better for me The move was a little tricky. Yeah, for sure, you know when you have to uproot I mean, I had to pull the daughter out of high school. That's something we talk about in in my line of work all the time I'll never do that. I had a heart-to-heart with her at 15 years old and it's like, well, where do you want to go? Oh, I want to go to New York City. So over the last two years that has been the toughest part a life move But as far as finances I things are starting to like Materialize in a way that I could have never Never imagined. Well, there's a super thankful Perhaps perhaps what is a person deserve? I don't know. There's a lot of hard workers out there that deserve a lot And they don't get that pay dirt. So I'm very humbled at it as well I look at the the channel as a give-back. I don't have a lot of time to do a lot of my You know videos like you're staying very consistent with your upload schedule That's something that if I could like self-induce on the independent investor channel because I'm very proud of the project I'm doing enough right now to stay relevant. I'm doing what I want to do But for the fundamental core stuff that really takes a lot more free time that I have now But as far as making it and I'm killing it. I'm killing it. I feel kind of Look, the markets are gonna go up and they're gonna go down And and when I tell people you really have to have a neutral application If you're losing sleep like you had mentioned tonight, then just throttle it It's okay to admit that. Yeah, you know Especially because I think it's harder to admit losses than it is gains I think gains come from more or less luck Market conditions because you just don't know what you don't know and nobody knows everything but a company It's just FTX is the greatest example. Nobody knows everything even though it sounds like they do so Kind of have to just stomach it and ask yourself, you know Is it truly just the market driving the stock down or is this well beyond that? Right and what's what could there recovery be looking like in the future because a lot of things aren't looking bright like The whole vegan sector of the market. I mean McDonald's got rid of beyond meat like everyone Everyone's like, okay, these aren't selling everyone thought it was hot and now all of a sudden It's not you're seeing sales. Just nuts again tattoo chef with Jeremy but I to your point too, man I think the biggest thing and I think it's gonna be a huge discussion moving forward PPC in was doing this which blew my mind is geo arbitrage because we're gonna do the I mean you moved to New York for your work We're looking to move to like Alberta or somewhere that's like when we looked at the cost of living in the standard of living you get outside of Toronto Like to be a millionaire here's to be middle-class. I'm like we could move there already Semi-retire and the money we'd be saving every single month just on rent forget the the food that's already cheaper the rent alone We'd have enough money to go to Japan every month. I'm like, you know It's it's nuts cuz the cost of living there is half as much the average house there is like 350 Toronto It's a million plus. It's like, you know, you just you're like, why am I here? Like why you know standard of living do we want to have kids? Do we want to travel? Well, this isn't the opportune place anymore. It's just like, you know, San Francisco, New York's like that Like it's just 100% if you don't need if you can make it online or non, you know localized work remote jobs Like you get out of these like I'm so happy that PPC in did that and talked about it because I'm like I think this is gonna be so more relevant in my generation than ever before because all our parents are like get to buy a house I'm like, yeah, but I don't want to be half a million a million in debt Like, you know it's saying that is even with the money we have putting every dime down We'd still be half a million in the hole. You know, it's it's and everyone acts like that's normal here That doesn't feel right You know, but you hard don't feel don't feel guilty For standing up for what you believe I'm gonna talk about that if you kick off my contrast and thought you know what I mean But I just want to pop in say hi man. I love you. I love what you're doing I'm family and the moves been good and you're you're keeping Brian. I love it I'll take place with you soon here, brother. Likewise. Thank you. Well, yeah, man later brother Very cool, man. Love having the guests on man for sure We left the link in the top of the live stream if anybody wants to kick into the live stream and get a little air time I made Eric famous last week and he did a good job. He did a good job I found a replacement for the independent investor channel live stream When I done retire the problem with that is I I won't ever stop the project. You know, it's interesting, man What I pick up and you know what Kyle asked me about, you know, how you doing? That's pretty cool It's pretty cool, but it's the very root of what I teach about Separating from your money. Perhaps maybe if Losses or or perceived volatility in 2022 really does bother you You you are not me, right? And I want to share my perspective with regard to my current Situation holistically. I'm a very very happy happy person My employment is very very strong. I'm I'm moving up in my current employment I'm taking on a position of great prestige and Even though with that I could completely Completely do away with my portfolio and probably live the same standard of life that I'm living now Just imagine that you don't have your portfolio. Imagine that you're not an investor imagine that the You know the winds of fortune in your life never gave you that introduction to Finances and here you are at me 45 Not invested you 28 not invested 35 Not invested. Would would you be less more happy neutral? I don't know. It's a good Thing to kind of challenge a little bit. So when Kyle says are you okay? The implication is that there there's a lot of people in 2022 that might be feeling worse Because they are an investor rather than just acknowledging. Look, it's just been a volatile year We are off 16 percent on the SMB There will be better times and these times are easier to forget When we leave them in the past. I've been through this many many times Kyle kind of touched on it a little bit in that I can't I can't duplicate the amount of experience that you'll get by incurring downturn in the stock market What I try to do is embrace it. I try to capture it I try to codify it for you and I try to turn back The the true essence of the feeling that people have when volatile market kicks up It'll never go up again. You know stocks will never go up again. Your portfolio is going to go to zero You know, that's where some of those titles come to really scoff at the idea And and really try to capture what most people Are dubbing the stock market when volatility kicks up. There's no hope You know, there's exacerbated selling to hell with it. I'm just going to throw in my towel all all of that stuff are mannerisms of retail investors past that I look to challenge every single Friday Look, this is 60 minutes that I get to come on and talk unabated about personal finance And challenge so many different pillars Of of of incorrect application in stock market investing And if people can just resonate with that and just say, you know, what Ryan's right The best thing I could possibly do is invest invest hard invest with discipline And and forget that I'm even an investor Focus on life Yeah, focus on the portfolio for a while focus on your budget discipline Focus on those things that matter. You want to build up a little bit of cash Yeah, I like what Ryan and Kyle were talking about with having a little bit of cash buffer on the side a little bit I like that idea. I don't know. Maybe you come to me and you're like, no, no, I want to invest at all I'm awesome. You suck and cash sucks. All right Pick your poison. It's all good I've been through that Before enough to say that I don't really feel that comfortable I like to have that static buffer. I like to increase my cash position where appropriate when I have that surplus capital and You know, it's amazing how life can happen like that To allow you those opportunities to say, hey, look, maybe this can segue into my cash bucket Rather than increase my dollar cost averaging strategy on the channel I'm going to start to roll out. I haven't done portfolio reviews for a while I think you guys will be pleasantly surprised to know that You know, the m1 finance dividend portfolio just crept over the 36 000 mark just today That's growing. I do 125 dollars every two weeks. These are strategies that regular people Retail investors can resonate with And by creeping up over 36 000 you might think, oh man, Ryan, that's that's that's cool I guess. I mean, you're not going to do anything with 36 000. You could buy a half a car with it. I guess That's not the point. The point is I started it in 2019 just three short years ago And and started that account with 1500 dollars and I've been able to Amass this fortune to 36 000 The next threshold of wealth in that portfolio was 50 000, right? You guys remember when I mentioned the 25 000 threshold, it wasn't that long ago And that's why I want to mention some of the takeaways. The title of this video is entering into 2023 I want I want to give you just six tidbits maybe seven here. Probably six But Ignore what you perceive about time. This is super important A lot of people will engage hard in a program and They're really excited at the start and a year will go by and they're really excited and two years will go by and they're Excited and then three years will go by and they're like half as excited as they were when they started And then four years go by and within five years you've kind of whittled down all the excitement in the Thoughts start to creep in about all the things that you could have done with that money Or what you missed out on or what you had to give up to be in that specific position And and you lose perspective on that because you're looking at the time all that time That you're looking at investing as time that Could have been spent elsewhere and you start to play these mental games, but Don't ever buy into what your mind says about about Time because everybody says life is short. No, it's not life is awesome I'll take every second that's given to me life is awesome life is long it's been long for me I think about when I was a kid. It seems like a long damn time ago Right don't ever lose track of that when we push out our portfolio potential 20 years 20 years is a long time but people get caught up in that one two three year A cycle and and that Excitement for investing kind of falls off a little bit don't ever allow that to happen Trust only what makes sense for you myself and kyle talked about it tonight When we were talking about if cash makes sense for you or if a defensive strategy makes sense for you You know, he kind of talked about a 10 to 15 percent allocation to single stock if that works for you then it works That's great. All right pick those layers that work for you in your program Stick to the strategy. Okay. It doesn't matter if we're in 2022 or 2023 or 2019 You know, it was mentioned tonight on the live stream, you know a 2020 or 19 was a time where you could just throw money at the market I don't know. Yeah, it was easier to throw money at the market in 2019 But only time will tell in reflection to 2022 Whether or not this was an opportunity time to say god the market was crazy down Why the hell wasn't I buying right? We won't have those answers until the future and we're reflecting on now On whether or not now is a time and I would suggest that it is Right when when people think that it's a good time to buy Maybe that's not the best time to buy and when people think it's the time to sell all your portfolio because 2023 is going to be Going into a nosedive. Maybe that's the time to add a little strategic capital to the markets Continue to keep perspectives and aspirations Vivid and constant in your mind. Why are you doing what you're doing? You're aspiring to be in a different place. And if you do this thing, right? At least partially right and not completely wrong We talked about an example of how to do it completely wrong And I'm just not sure if I understand that there's been some false motivations there You know Everybody talks about controversy selling through youtube and it just amazes me the sheep Don't line up to see that activity on every video that's released. I mean I can hold 50 solid Subscribers for my live stream, but you know, there's 50,000 people that come in and watch that Controversy and that's what it is at the expense of an individual honestly There should be some some therapy thought there, you know sought Because there's some emotional problems there and it's really too bad Do you never want to lose track of those those? Reasons as to why you're pursuing those ends. All right, and the last thing is To think less about the money not more I mentioned this at the top of the live stream This would be one of those takeaways and I don't know if people come in and they watch me for my entertainment. I don't know Maybe they know that I'm pouring a reel like jack and co can having a drink with y'all I don't know whatever your motivation is. I don't know But if I can impart to you the secret to my success the less I think about money the more successful I am The more I focus on those strategies that are going to generate more cash those opportunities to to share I mean This is about as open as I can share on the independent investor channel. I'm very very proud of this project I I very much and I love the title of my project the independent investor speaks to me It really codifies who I am Absolutely independent to my thought on an island challenging the status quo. That's me, baby, right But this has been a nice little niche on youtube a project that has allowed me a strategic out and It's not so unique that somebody couldn't say hey I want to do a side business or I want to sell some product on the side in ebay or I want to do this over here or that It's shaping up to be an interesting contributor to to my wealth generation Yep, it really is and um, it's not work. This is fun for me. It's really fun That's why I really try to focus on you guys and make make make making those connections that I do Through social media And I don't know when they're going to come I don't know when they're going to come. I just had one this evening somebody reached out to me It's like hey, here's what we're thinking. Here's what we propose and I never know when those opportunities I had a colleague ask me this week Do you cold call people and I'd be like, well, I've always despised cold calling people So no, I don't do that. Um, if somebody wants to consume the message Join the live stream. They can If somebody wants to solicit me for business They can no problem If somebody wants to spam me, which I get a lot of that too They can do that too. That's the nature of social media. Kyle talked about that a little bit tonight Um, I I really do consider myself way above that stuff. I really really do And um, you know for the opportunity even to be introduced to certain opportunities that I've had here You know, it's going to be interesting times like this where I've made certain Investments in my life and people are like, why are you doing that? It only comes to fruition when The investment pays off and then they're like, oh, you knew something and it's like No, not really. I just have some imagination and perspective about the aspirations that I have about where I think Something will go and I'm very good at it. Very good at it. I can't tell how long it's going to take I can't tell you but um Yeah, highly on is one of those projects has been some massive insider buying and nobody's talking about it Massive insider buying there was a downgrade in the stock by goldman sacks to two dollars and 25 cents the very next day They were buying massive swaths of the stock Should be illegal. Uh evidently it's not Why because those institutions evidently are untouchable I don't know nothing like this corner of social media to come and talk about those utter realities Perhaps maybe it's not one of those things where it's so easily manipulatable To come on and suggest that retail just surrender their shares So folks like goldman sacks can come and and and gobble up a bunch of shares for themselves like they've done Hundreds and hundreds of times over in in the past. I think this is going to be a different scenario. I really do And I think they're marching towards something very very special And you know when the cfo, you know picks up What do you pick up? 25,000 75,000 shares. I think 25,000 shares something like that Pretty exciting stuff when you see that type of buyer excitement and You know, it's going to be fun watching the story unfold I haven't done a whole lot of combing through the market with the intent of starting new positions right now I just don't think that's very prudent dollar cost averaging over the diversified market seem to make sense here And and picking my spots and and and we'll see The fruits of that labor in the coming years as the market stabilizes and Continues on with its continued path upwards But highly onto the moon. Absolutely. I I see that happening It'll be interesting the end of next year. Perhaps maybe my tone and tenor might be a little bit different But we are indeed just crept over three percent toward our goal And it speaks to the time perspective. There's been a few people who are like, well, I've held for two years So what? Time doesn't matter in the market It doesn't mean that you're more eligible to make money because you've held the stock You know for two years what it does mean Is that because you've held it two years you would expect to be able to Quantify or qualify the marked progress over the course of that two years within the company now. There's a fundamental analysis of a company and justifying but not just because you've held the stock two years that All of a sudden we're due for a payday I don't see that happening until next year, but I do see a slow drift up And I would see the stock probably between 15 and 20 by mid next year in anticipation of what's inevitably going to happen Rolling into 2024 with these units being made. I think there's something big Happening. I've always thought that that big thing could have happened. You know 24 months ago It didn't happen 24 months ago nor did it happen 18 months ago nor 12 months ago But it is inevitably going to happen and when it done it's going to be exciting times. I'm glad to I'm glad to really share that story with you guys But uh, we got a couple minutes left. We will start to wind it down here I want to thank the patrons in the message There was 50 strong in the live stream tonight. Very cool stuff. Good evening, sir salute Appreciate you don't Jonathan. Thanks for making your way in. Oh my goodness on Andre says. Oh my god That's awesome and detanks in the house for sure says get your drink ready Fantastic Great to see you sir. Hope all is well with you and the family man Happy holidays to you as we enter into this holiday season We do have a lot to be thankful for man. Let's take stock of that. No pun intended It's been awesome. It's been awesome We're trying to revolve around this financial thing holistically If I make a mistake financially and I feel like it's a stock mistake. Hell, I have no problem coming on and saying I think it's a mistake. You know is highly on a mistake up to this point Sure sure and some eyes not mine not mine And and I'll be wrong wrong wrong wrong wrong for multiple months and dare I say years until I'm right And then when it turns right, does it automatically make it a right decision at that juncture? Of course not. Of course not. It was wrong up until it was right And if that's the way you want to qualify your stock market approach Then so be it. I don't look at it that way I just look at it like I bought shares in a company that I believe in period drop the mic. I'm done Judge me how you will it doesn't define who I am if the stock goes down It doesn't define who I am if the stock goes up Right These are the intangibles that I'm really trying to help you guys understand for sure You got Derek in the house Derek great to see a man Health and wealth totally agree. I feel like a savage Whip that ass in the gym this morning man every single day except one One I had to be at work at 4 30 in the morning. That was a little bit of a little bit of a tough day But I got Eric shaded light in the house, man You're perfectly correct. I don't know challenge everything. I say Eric man. It's all good. It's all good We got Jared in the house got my fellow vipers in the house. Jamie. Hope all as well with you my brother Great to see you fantastic, man Super cool. He says he's at work. It's awesome Work ended up man. I put my fair share of work in this week. That's for sure Says did I buy but did I buy nicola? No, you ask me this every week. I don't know why you do Um, I don't I don't know why you do The last buy I made about a thousand shares highly on it about three dollars and five cents Mm-hmm My last micro cap position that I picked up was a dural clean technology, which was the Proposal through the channel. We're going to be chronicling that story And definitely having partnered with shell in their game changer program Um, that that's a stock that has some really really interesting upside And some increasingly, uh pressure increasing pressure, uh to the to the backside And it's going to be interesting to see that story unfold and we will be covering that on the independent investor channel For sure watching that story unfold. Very cool stuff got nick in the house. Thanks for the insight. Appreciate it Ah, it's just my opinion brother. It's all good Nobody special man Uh, I work with a lot of people that have a lot of intangibles a hell of a lot better than than me That's for sure, but uh, you know as far as the intangibles with regard to how I see financial markets I'm always looking to improve my um my my posture And my approach to this and I can tell you a part of my recipe towards success is not not being arrogant Uh, it's the opposite and it's acknowledging that you don't and can't know at all And you start from there Perhaps maybe you can approach this with a little bit more of a clear mind and understanding what your true potential is Um, and until you can get to that point, you'll never enjoy the level of success that you have Coming to you in financial markets until you do that self reflection Breakdown and rebuilding of yourself guys. I appreciate you tuning in for this friday livestream It is in fact an indeedy the fastest 60 minutes on youtube It goes by super fast because it is indeed my favorite topic Uh to discuss and looking to empower one investor at a time and we believe that we are doing that We will be back next friday, uh on the live stream. Have a great weekend and we will catch you next week