 Too much followership man. It's all I see and nothing but negative market hiccups a little bit And I think we're setting up for probably an incredible years end But there's a couple fundamental things going on right now I think if nothing else the market was looking for somewhat of a reason to correct a little bit This is par for the course guys if this is too much for you to handle you need to really you need to recalibrate Honestly, and the title of this video some may be offended probably most will be offended Because especially us Americans we don't like that combative type of dialogue Because we get offended and everything that we like to do is just I don't know pat each other on the ass and make Each other feel better about everything I Don't get that and and I'm learning really really quickly And I don't know if I'm becoming just a cynic to absolutely despise YouTube I love the fact that they give me Rent free space to run my business and talk to you kind to people That's a positive. So go for the power of YouTube. Absolutely Absolutely things are cranking right now with regard to business and I think that if there's any takeaway at all There is something to be said about diversification across your buckets What I mean by that is Never hurts to have different income streams out there some of the most enjoyable income streams that I have In five years, I've evolved to this place where I've if I had selected my top five I wouldn't make any money on social media. I'd make zero. Okay. I've made about a hundred and forty dollars on my podcast And I've put hours into that product. It's probably the number one most enjoyable thing that I do Outside of this product, which is the live stream. I love doing this product I love coming in and conversing with with each and every one of you guys But man alive, I frequent a lot of threads out there. We're gonna get into a lot of topics tonight But I think people could probably take a page out of Not my playbook, but just the investing playbook in general on what it takes To succeed some of those defensive mechanisms that I usually pull out right now and when the monk the market's all hunky-dory Everybody's all happy and giddy and this is fantastic and everybody's throwing super chats at Ryan because he's he's he's the most bad-ass Dude ever and it's like man. This is crazy. He brought me to VOO. It's making money every day, right? And it's like, you know, the short-term injects man, they're nice But like I say all the time it's never as good as you think it is I also don't think it's ever as bad as as as everybody thinks it is It's amazing me how the rhetoric turns so quickly on a dime to see all these huge youtubers out there, man It's as if they flip a light. I don't know if they just talk to each other and it's it's Predictable right that the sheep will fall in line to Get their verbal lashing for being a bad stock investor for being Involved with the stock market when it actually does something other than go up every day and that's go down Like I said There's some good reason for that that there's some been some revisions across the analyst board 2021 That's really actually brought some of the earnings forecasts out of the stratosphere I thought the tail end the last year that the market could do no wrong Once it hit that pandemic low early on in 2020 and here going into 2021 it really just carried through and it really didn't know where to stop so We're gonna do a portfolio review tonight I'm gonna get to some gallery questions as I can one thing that's gonna help me do that is I've got my good friend Kyle Passive incoming. He's gonna come on and help me share in the live stream absolutely Never ever miss an opportunity to stomp on what I feel is the pulse out there because you're only gonna hear a singular Perspective from me. That's it. I tell it like I see it and It's becoming more and more apparent to me that the more individual you can become in your application That the absolute better off you'll be man. That that is the key so stay with us guys We're gonna jam pack 60 minutes for the fastest 60 minutes on YouTube I thought about joining the nut house after this week. No, just kidding I'm pretty neutral I I give myself a little bit of credit for the risk tolerance that I've been able to define in this this market This is the taxable brokerage bucket. This is just one of many strategic buckets that I've got working here 2021 has really been a whole year and I've leveraged a lot of profits into some of these names that I've gone long on like Amazon and Google the Google had a fantastic day today And some of the other names as well some starter positions I did that strategically in some of my passive lungs like VTI and VOO Those are relatively smaller positions I really didn't want to put tens of thousands of dollars into to market weighted or cap weighted ETFs At the market where I feel like it was all-time high still feel like it's there So I feel like the most prudent thing if you are going to enter into the market now With some passive products to do so with some scale and to start the dollar cost average discipline, which Seemingly it's not very sexy Certainly not very lucrative for me to come on to YouTube and talk about how to invest in the stock market correctly Nobody wants to hear that shit. No way So that's why I gave away with it And if you're interested in actually learning how to invest correctly in the market hit me up DM because I I'm I don't I don't know, you know, until I until I feel the motivation to do that again I'm going to continue to do what I enjoy on YouTube and that's to do the promotional content and the CEO Interviews that that's bad-ass shit right there. I enjoy the hell out of it. This has always been a side project for me The irony in it is that I'm making more than my regular salary now So if you guys are interested in learning more about that opportunity and want to get over what you think and stereotype About pumping stock because that's absolutely not what it is. It's not these companies are awesome And now we've got some opportunities where some of these CEOs are seeing these products out there on the marketplace And they're actually direct connecting us, right? They're directing the directly reaching out to us and they're being like hey You guys are the ones that garnered these audience. Would you mind putting out some awareness content? I enjoy the hell out of it. I really do if I had continued to just tell people to invest in the S&P 500 Become a bogglehead investor the channel would have never went anywhere and Kind of unfortunate that It's always a mystery to me as to what people are seeking out with the content People will always be interested in those. Hey, the sky is falling the markets crashing Videos because they're just so riveting and so productive But continue to do my thing and the independent investor channel again if you are interested in that opportunity I've got some interesting Opportunities that have come my way. So if you're interested in obtaining, you know an extra thousand maybe a couple thousand dollars a month If you're not just you know forego those opportunities. That's for sure because I Certainly am willing to kind of share what I know. There's been some opportunity made available to me as of today Yeah, and since Ryan you're full of shit. You don't know what you're talking about Try me Hit me up Especially if you've been doing YouTube a little bit and you've got a couple thousand subs five thousand even better ten thousand I might provide a little bit of incentive bonus for you. I don't mind doing that because Easiest money I ever made whereas I tell you what I would Stand ten feet from the wall and run as fast as I could with my head hitting the wall for many years They're trying to teach people how to actually invest correctly That element hasn't gone away when I have the ability to do an actual course someday when I can actually have it Professionally done. I'll do that but I share those secrets Intermittently on the channel. All you have to do is listen up. So here's the brokerage account This is how it came out. I'm kind of disappointing to have this back below six figures, but that's what it is I'm not really starving to put food on the table. Anyway This is Roth number one here. No change here from week to week You'll notice that we are across the board down on this old girl. We are down across the board We donated about 13,000 back to the stock market gods drinking their wine this week. So Down a little bit Roth one No big deal. I mean, this is just it is what it is We're going through a little bit of funk and the secret recipe that I've put together in my portfolio It is just not not quite working in 2021 But I will tell you The other stuff is working and it's firing on all cylinders And we're actually taking this strategic pause in market activity till I actually put a lot to cash right now So if you heard me out and you think hmm, that's an interesting idea. Hey, honey Ryan just talked about maybe putting a little bit into our savings account I don't know. Maybe you've got 50 or 75 dollars in there And maybe you can beef that up a little bit not a bad strategic idea, right start to accumulate Some of those other avenues of of wealth. Okay become a collector Never hurts to continue to dollar cost average the market as I'm doing I do that every month I do that like breathing or sleeping So if you want to take a page out of my playbook try to incorporate the investing discipline into your life Rather than like the market when when it's up and then bitching complain when it's down It's not good for your health really just get over it and focus on other things. It'll really help you Okay, so this one these these are fully maxed here. I believe 109 here. This is mine So down week over week down a few thousand bucks anyway on these portfolios. So not a lot of good news here Markets go up and they go down These are the way that they've been figured a couple hours before the live stream There's no reason to Fabricate the numbers, you know, I think it'd be kind of fun to just come on and be like shit. I hit it big I'm I've got I'm up 5 million. I don't think that does anybody any good Because what I'm trying to convey to you guys is how to be a tough retail investor which all too often I think retail investors really take the short end because You know, you end up doing the right thing entering into a position only to be talked off of it because There's a flood of information in there and just in a millisecond You can buy into that and unfortunately make a rash decision that can affect your long-term gains There's the M1 portfolio. We're continued to dollar cost average this over time and If you guys knew where this money comes from I'm pretty transparent to where this comes from but You know ad revenue is not something that I pursue on Google and on YouTube anymore. Yeah, I'm good If if if there are lucrative avenues on the opportunity through the independent investor channel I pursue those and then I share the goods on other conduits on the channel And that's just the way I've chosen to do that business. Okay Here's the second dim one. This is the dividend growth portfolio. This has done quite well This is good, but even values rolled off here the last couple weeks month or so September was just a really bad month All all around for me in the portfolio So not a whole lot of remembering of looking and monitoring the portfolio and seeing any good I have the discipline to monitor my portfolio and I do that I don't make haste decisions on my monitoring That's just how it's shaken This was one that I've beefed up to 20% of the income The pip is still 32% this is probably up today with an up 500 Upday in the market, but it just didn't have time to calibrate So I declare that to you guys as an equally down which I don't typically have an across the board down Week we sure did this time. So Portfolios down to five dollars. So we're we're really we're really hurting I could probably buy a couple of small cheeseburgers with that I don't know maybe a couple of bullets. I don't know but Nonetheless, that's how it shook out down week over week last week. We were about 513 this week about about just a little over five dollars So not too shabby. We'll continue to look to the horizon for better days Remember these week-to-week reports are somewhat feudal and somewhat irrelevant But if there's any takeaway at all, it provides some transparency and letting retail investors understand that markets go up and they go down Okay, so I'm gonna bring Kyle on man and we get the update on on what he's got cracking here We got 45 minutes on the live stream I'm gonna rip through and try to cover some of the questions in the gallery But let's bring passive income investors been a little minutes and spent on the channel I always enjoy the hell out of he's got the energy and maybe that's what I need a little bit 2021 it's been a real drag for me. So let's bring him on Kyle. What's going on my friend? It's been a drag This has been a great year In some capacities it really has it has it has been a phenomenal year I you know, I've got you know Some very specific segments in the market that for me are just not working and it's kind of frustrating You know the Alibaba trade was really disappointing for me, you know, and it seems like you know where last year everything I touched turned to gold This year it seems like stocks specifically Things that I'm touching really turned them a newer now everything else couldn't be happier couldn't be happier But the stock portfolio. I'm having a little bit of an off year happens. Yeah, it's it's gotten a lot trickier Ali Bab is a close to my heart painful right now too because I hold it for my my mom I ended up scaling the position down because it always comes back to the point It don't matter how low it goes can always go lower Don't matter how good the company is but I figure when it comes to those Chinese place man They they're in a true recession right now like a full-on bear market And you know a lot of the stocks and the indexes are down like 30% So I mean at this point it's just if you can handle the rhetoric until it blows over I mean, I honestly there's gonna they're gonna ban ADRs China's not gonna destroy their entire markets I I feel like it's just one of those things where it's that kind of risk if you want global risk take it But I'm not I'm not too versed in that side of it And I got I got lucky man because I I took so much risk off the table this year and Surprisingly most of my riskiest bets are doing okay Because I mean I only have like high high risk bets would probably be Tesla Bitcoin And I don't know how tests holding up so well, but I mean there's a lot of good PR But not like from an earning standpoint at this point in time But and yeah Bitcoin bumped up a lot that I was kind of shocked because I was running my portfolio for the end of the month And I was like, yeah, let's take a look at it. I was like, holy crap But yeah, I know everything's pretty good man I think my portfolio is down probably about 10,000 maybe something like that from the all-time highs, but yeah It's doing okay all in all. I'm not too complaining This is where the dividends make sense, but I'm still buying Facebook and Google I am gobbling Facebook and Google up man. Like it's been candy. I don't five shares of Google now Very proud of me. I got three I've got three and that's good. I've got two of Amazon and Yeah, I think it's important to touch on to you because you were talking about this and because you were saying at the markets And we talked about this a little earlier too But how they were setting up to finish the year pretty positively and I've watched a lot of CNBC guys Come on predicting about a 4700 s and p But I think it's important to recognize because like you said now everyone comes out of the bears Like this is where the bear inside starts coming out of people you wouldn't think are that bearish But I think it's important to point out the fact to that like my only both thesis behind the market is that we haven't gone through this the cycle Fully yet and people are like, oh, they're so high and it's like yeah, Microsoft's high You know Facebook these companies are trading at premiums But we're still in a market where they're not like a full potential because of chip shortages logistics problems I mean look at Amazon. I love Amazon right now because the only problem Amazon has to scale is employees They can't find enough employees now. They're hiring. They don't care if you've got a past drug history They open the gateway up man. This is the greatest job market in the world And you can you can walk out and get a job damn well anywhere money is just flowing like candy and people are like bearish collapse like Like take the dip man. Just just buy it at any opportunity, you know come back to me in five years and tell me you regret it For sure. Yeah, and to have the opportunities to invest as well is is something that sometimes You know people think because they do invest that they're entitled the wealth and that's just not how it works Market proves that Sure does this market is definitely proving it because it's annoying watching the S&P go up steadily for six months And then watching every spec play you could have taken on pretty much flatliner go down And I mean all of them right like all of them all of them tattoo chef big one of financial education Yes, they're gaming another one that's in our group people like I mean highly on I've all this most I don't like it's hard to throw a dart somewhere and find so far so far as holding in fairly well I think if they win their bank charter that'll make a big deal for so fine It's kind of where I want to be in the revolution of the banking and finance industry. I'm intrigued by that play Highly on it's gonna take time. I had somebody wanting me to give my elevator pitch. Honestly, I'm tired of advertising for them for free When companies a quarter of their market cap are paying me gobs of money to put out awareness pieces for them I'm you know, there's only so many Twitter tweets I can push out to Thomas Healy to be like damn just say hello. Okay first to just let us know you're still there But perhaps maybe no news is good news. I don't know Um, I I think they're just in a phase right now of product validation and it's just going to take time And that that and that's what that's what verge is talking about here for you know There's not a whole lot of difference for me between eight and ten. Okay, and you say well, it's 20% Yes, you're right. Okay, but My cost basis is 12 in the stock Now I have an enormous position in the stock but for me $8 and 830 and 850 and 750 that there's nothing that that doesn't mean anything to me It's irrelevant and I think this is where the fallacy for a lot of Retail investors get is they get so wrapped up in the short term That they they start to look in the past and start to make their decisions. Well, okay The stock has really come off If you think it's not going anywhere into the future then then that can play into your investment thesis Um, conversely if you think that the stock is or the company is going to improve into the future It requires you to be somewhat forward thinking So, you know, the question is do you feel like it's going to be eight next year or the year after that and 2024 is a golden year. I think unfortunately sometimes that can be viewed as a cop out even on my part To say, oh, well, there's always next year. There's always this and that and you know, the bear case I can draw one up for highly on I really can and and did they come to public markets too soon? There's a there's a there's a valid argument to be had there You know, some of these SPACs that were just all the craze last year are are being investigated right now For just throwing out any piece of information that they will they wanted to to come to public markets And maybe there was a reason for the IPO scrutiny that was so heavily circumvented last year, you know Yeah, and it's a it's a high conviction trade for you too, right? And I think um, people have to be patient with those because It kind of reminds me of like mind med or like any of those companies that are like all pre-revenue That's highly speculative based on what future information resides around the companies You know business development, but um, but yeah if people are buying things like that I think it's important to recognize that like looking at it every day and talking about it every day. Usually isn't the best thesis It's usually let's set a five-year three to five-year plan Let's see if the business is going to execute on what I plan on happening by then And see how it goes because if it goes the way you think it goes It's going to happen all at once where the stock just shoots up, you know Over a year where it's going to be up 100 200 500 Um, you know, it's funny too. Kyle look look back at the and you've covered tesla But i'm not sure if you've followed tesla from the beginning of the story I don't want to sue you did or don't but fascinating How long tesla stayed in the tranche It's been around forever. It's it's it's it's kind of what over a decade now. I think under it's uh, that's right It's inception. Um, yeah, yeah Yeah, and it took tesla a lot of time to get to this point too, right But now the problem is is the business model caught up to the the mainstream and the mainstream Speculating on the future of that business model now. I agree. We're back in the same boat as if you were buying Is let's say highly on or something right like now the valuation so baked in that they don't have a choice It either works or it doesn't and if it doesn't pull off that that you know Exuberated idea of what a car business could be. I mean, I want tesla to do well I own it in many many capacities being such a large part of the smp 500, but um, you know What what's your thoughts? I mean you've got conviction on it, but what you just said was right So it's a long-term hold for you because you've been in and out of tesla and you've you've done really well channeling it You know, it's it I didn't sell it out at the tops by any means And I certainly didn't have the opportunity to buy in much more below where I sold my last initial shares X I think I was buying back in at the five and six hundred range When I sold out I think in the five hundreds and then it went to nine and came back Uh, but yeah, my conviction trade on changed on tesla because I was more speculative that self driving wasn't going to be that easy And it's not that it's easy. It's just that I think look it puts self driving aside I think the only way I can explain this to somebody that doesn't understand the market cap versus another auto Is let's take a look at the phone market. Okay The phone market globally not just including iPhones, but globally is about six x five to six x smaller Than the entire auto market does just in auto sales along globally So when you look at again the product whatever talk about it if it's good bad Whatever, I know everyone that owns a tesla would rather drive it over a messa or Mercedes Porsche or anything else they own They just get it just I've heard nothing but insanely good So you you kind of cap on the fact that they're leading the whole industry and basically building the road map for everyone else That they're currently copying now It's a matter of the business model doesn't have a choice anymore It has to be the way they've said it which is the highest margin vehicle Self-driving taxi network and let's say they capture 20 percent of the auto market And we finally have this pivotal shift in the auto industry where cars become assets and not liabilities And then all of a sudden you can rent and it might not even be tesla google's already doing this too, right? But then you can actually order instead of an uber You know a random taxi that's just driving around automatically and it's going to cost you five to eight times less than an uber So I mean it's all it's going to make it cheaper than owning a car just to rent the taxi network And I think it's going to lead to a huge consolidation that just most car companies aren't going to survive I don't even think most car companies are going to survive this shit of actually getting to Getting to profitability in the electric vehicle space because when you look at what tesla had to go through GM doesn't have a setup for that by the way like these companies are just building it for it has to build a whole new factory And I applaud for it for it is actually doing like what it takes and they're proving that they can do it But again, you you give it five or ten years and you look at how well teslas are selling I'll make the bet right now that by 2025 2026 it's the number one most sold car in the world I think it's it's going to beat out tyota elan said by 2024 2025. He's always behind so i'll give him another couple years But once those factories are up in full production, man And like I said they all they have to do is cap 20 of the auto industry And they just have to introduce self-driving taxi network forget the solar aspect forget the bitcoin forget the tesla bot Forget the dojo computer, which I think is going to be where most of the value is in the company That alone will make them as much money as apple makes and they don't even have to own that much of the auto industry And again at this point It's just like I said That's the path that people are betting on and it kind of makes sense when you look at kathy's breakdown and saying Okay, the company could easily be worth two two and a half trillion dollars Comparing it to like the current market on these tech companies But this is the difference between tesla and something like a tyota You know you have tyota lobbying to slow down the ev race because they can't keep up They're trying to do solid state batteries, which we don't even know if it exists Which if you guys want to learn some cool, shit Go learn solid state batteries because it's one of these ideas that that might not even come into fruition Because we don't even know if it's truly possible But it's it's like capturing lightning in a bottle like you could truly finely capture it without a transistor Like a huge amount of energy and control the output of it Uh, but I don't think it's going to happen in a lot of people Isn't that isn't that quantum escape? Isn't that their their thing? But when you look at what they currently have they wanted to use it in buses and stuff But there's no way they they have to run it like 120 or 30 degrees or something all the time There's so many conditions that have to be perfect for those batteries to sustain Which a lot of people said if they can't resolve these problems There's like it's hard to kind of It's use cases come down a lot But yeah, I don't know man, and then it's all vertically integrated So tesla's just like their ecosystem is so refined that the stuff that they're bad at It's easier to get good at than what it's going to take say A tiota to get good at what they've done improve that the market even gives a shit, right? Because if these companies are five to six years behind on all of this stuff And I mean this big wave is coming in the next five or ten years Yeah, your your car's either going to be an asset or a liability And I think there's only going to be two kind of car companies that survive the ones that figure that out And the ones that don't if tesla's got your cars plugging into the wall and taxi networks going out How do you compete with that? Yeah, that's really interesting. Did I mean Let me ask you man Like when you do you do a lot of research on the on the companies like tesla for example or do you Have these ideas yourself because oh god. I don't have any of these ideas myself. It takes a lot of it comes from studying It takes years though. I don't think people appreciate like let you use mine as an example I mean that was a huge trade people in our group made half a million dollars off that trade in my met as a company I knew about a year before I even bought it and it just keeps coming back to me And it's the same thing with tesla like I bought into tesla early on Like 2019 along before the split did great with that, but then my conviction. I didn't understand it well enough I'm like, you know, this is too speculative at this point. I don't get it. I'm out But then, you know, it keeps pulling me back I do more research and I kind of come to a conclusion that look if I'm going to make a bet on something And in this new sector I might as well bet on the leading horse and hope that you know It it works out and continues to and I've done well enough in the past that you know, if it drops in half I'm not really losing any money. But that's that's my spec play, right? Like I don't have any other real I don't know if I'd go that far to consider tesla's spec play. Who would you consider number two in the industry? for autos China 100 uh china's crushing it china's like they're they got software They're they're pushing it harder and faster than any western company I mean china's the only competitor to tesla and I would honestly say so is it neo. I mean, is that not even neo I wouldn't put it on one car company. I mean china specifically went ahead and said hey We're going to cut all this auto industry in half You guys have to go electric by like the next five years. You're out like china's just nailing it to the concrete And now you have poll star and you know, which is japanese I think I think it's made chinese but poll stars folks wagons european company But I mean some of these cars you look at the reviews on them and the point is isn't to be like a fabulous super fast car It's about making reliability You know actual cars that are affordable that are electric. It's not like they have to go 500 miles So I mean china's the only one that's actually doing this at a at a rate where people can buy the cars I mean, how many cars can you honestly buy that are mainstream? What you can buy a Porsche They didn't make a lot of those The Ford Mustang didn't make a lot of those the Ford truck. That's limited They're not making a lot of them like what is the name to me one company that is actually making a full-fledged production ready Massive scale production vehicle. They don't exist. The Mercedes isn't doing it No, I can't only only company I can name is you know, maybe Honda all these other chinese companies Toyota's trying to catch up and they're doing everything they can to get their shit together But sorry, I don't need to go on about this test is a really obviously polarized conversation for people but Oh, not not for me. I'm intrigued by it. I you know, it's one of those interesting things where I'm You know, I'm very interested in the in the company. I'm interested in the stock. I'm just Um, I don't have conviction enough. I've owned it for a small time, but not I'm not an investor in Tesla I think it's it's a specific risk-based bet on something that That has to go fairly right over the next five or ten years and some things could go wrong But I mean, it's like I said, it's just that kind of a bet So it's it's I'm comfortable with it. But obviously like there's so many other bets you could make I mean, I I'm comfortable betting on china here to be honest I'm like, I'm more risk-versed on but these probably aren't the best investments for like the older generation It's way too much volatility You know, you're looking 10 years out because I mean to me tesla is more of a 2030 play than it is a 2020s play I think by the end of 2030 going into 2030 is when we'll see the true consolidation start There's going to be batteries to mark my words There's going to be battery shortages You think chip shortage is a problem now the logistics nightmare that's going to come from this And tesla tesla's already said this all the biggest lithium companies in the world the biggest ones in china They said by 2025 lithium shortage I'm like you just look at the amounting problems and teslas figured all of this out vertically integrated it And said hey, we know what we're doing and we're going to fight through this and then all these other companies They have a few years to figure it out right now. They don't lay the foundation out bro It's going to be a slaughterfest Um, but yeah, like I don't know it's it makes sense Yeah, it's it's Like I said, it's just a bet. I honestly think the stock could drop in half tomorrow I don't know what the stock does tomorrow The next day my bet is what's going to happen in the next five to 10 years and i'll come back It's like a lottery ticket. I i'm going to leave it come back to it And it's either going to be worth a hell of a lot more than it is now Or tesla's not going to prove the capability and it's going to go back down to a reasonable valuation Which will probably be a lot lower than where it is now Interesting now. I like that inside. I appreciate you offering it. I think a lot of people are interested I'm interested in it. I I just you know, I don't own it and because I don't know I feel like I'm off my game for 2021. Like I said, I'm I'm pressing on those strategic buckets that are working right now. So don't say off your game I mean, I don't think many people are having a positive portfolio year I got so lucky because I took so much risk off the table, but tesla, right Tesla could have gone down. I don't know why it's going up. I mean, I wouldn't look at it and say Oh, it's doing great. I'm like the stock perform. I bet on the business I'm not I'm betting on the business bottle. I'm not betting on the stock here because it's nuts I can I can honestly say the tesla stock valuation right here is absolutely Nuts, but it is for a reason. Um, so Not for an earnings reason, but for a reason. So, um, but yeah for for risk on though, man Like I'm I'm taking the big bet still I'm leaning into those heavy top 10 companies I mean, are you are you still buying like the the tech or giants like what we're talking? I own them all Are you still buying into those guys though? Or is that where you're not right now because you know, honestly, kyle, I Established probably some of the biggest positions that I've ever established in microsoft and apple Um a little bit smaller positions in amazon and google Uh channeled them up. I thought when amazon ran up to 3,800 a share I actually took a little bit off and then bought it prematurely at two shares On the way back down and here it is at 32 and I think at 32 it's you could buy it anywhere here I'm not going to say that it couldn't be at 2800 But it is really just a internal stock correction Um, I don't I don't really think it's anything fundamentally at all that they're not going to over the long term Iron out. I you know, I look at the top five and I have a little harder time Netflix I have a very hard time with and in video right here. I have even more of a hard time But when you talk about amazon Facebook, google, apple and microsoft I just don't think it gets any better and I own very large positions in all of them And um, and I'm not I'm not adding more the two big ones. I own in the rothi array. So it makes it difficult I've got a maneuver around But some fairly big positions in both of those and then amazon and google You can't own those in any capacity without them being fairly sizable positions, but um, I think I would consider both of these A three-share position and google a two-share position in amazon is what I have As starting positions. So I do intend on adding big time to those Facebook I I did strategically add to the roth. I own a About the $10,000 block in facebook as well Just because I think that's it's prudent. I think that's where the value is. I just have a really hard time Finding value in other areas of the market. I really do it is true, right because um, I mean We I would just did a video today on something like an mo group And I mean when you kind of look at the lower half of the market compared to big tech It's I've done exactly kind of what you're saying here I I just I spent a good little little last little bit kind of core focusing the top half of my portfolio about 35 of it In All these tech giants. I mean I went heavy google. I went more into facebook, you know tesla apple microsoft I picked up the s&p 500 etf Vo and I'm just trying to like control those top weightings because I say this a lot Obviously if you're buying individual stocks, things could change you might have to sell them But I think these top weightings are going to consistently, you know continue to outperform the market I think they're just they like you said with amazon like when you look at these companies and how disruptive they still are different aspects of the Of the sectors. I mean my mailman blew my mind when he was like, you know, canada post here It's it's like a government regulated postal service And my mailman said I got all these young guys coming in because he's a little bit older He's on his way out. He's like all these young guys come in so cocky I think they have the super stable 30 dollar an hour job And he's like, do you know how many package deliveries have dropped since I've been here for the last five years because of amazon And amazon delivers on weekends. They do 24 seven deliveries. So they'll show amazon insane canada post is hourly, right? So he's like we're gonna get destroyed and he's like and we get commissions on delivering the packages So if there's less packages less commissions and no who does mail anymore, he's like everyone's going like, you know e-paper no one wants to the waste anymore and credit card statements like He's like, I don't think people realize like, you know amazon is truly a monopoly in my opinion I think amazon of all the tech giants, maybe with apple are like true monopolies Because they truly are disrupting economies at scale And I think the government maybe have has some hands in those etf pockets And they don't want to screw up the markets because it just I mean how is amazon not a monopoly They're so huge They are They own shipping they own like they are cloud everything. They're like it's crazy. Yeah. Yeah, walmart and casco as well I mean they they do too. It's just we're in a different time now where You know, what is a monopoly? I can remember a time just not too long ago where we did not have a trillion dollar company Well to put it in perspective Sorry to cut you off, but just and then you can finish just here's two companies that have got monopolistic Slap tags on them, uh, new york stock exchange and all of your telecom companies Just to put it in perspective that amazon google facebook apple of no sanctions against monopolistic behaviors in any way But all these companies do already Yeah, but sorry, I don't mean to No, I think that's really smart. I somebody's actually brought up a this is one of the many Uh black spots in the portfolio that I just I just told this has been the one of the worst companies I've ever held Long I've owned it yet. Yeah, I'm five plus on this one five years plus on on at&t What a what a what a waste what a waste? I you know t-mobile would have been a better play in this space Um, and then and then Verizon. I just think is a better company Um, but just yeah recently that that move they pulled off was just horrible. It was horrendous Should have slept at the purchase of uh, that that stupid media company that they didn't do too well with Yeah, um, if you want to look at good ones, man, you got to come to canada. My favorite telecom is t.to It's the same ticker just to tell us corp man. Oh my god. This company has been doing so well for me It's the first telecom stock I ever bought. I think I bought it a year or two ago Um, yeah, it's it's just probably one of the best run telecom companies I've seen even compared to the u.s. Ones I've looked at because they're in telehealth huge here in canada They do security, which is really big for them and then obviously they do internet fiber optics And they just spent a shit ton of money on upgrading into 5g or whatever Um, but I love them. They've done so well for themselves. I hate telecom though. It's oh, I do too It's it's just it's it's right there at the bottom. I like materials better than I do telecom I'd rather just own the whole sector. That's one that I just take the sector and I do I've tried to piecemeal it and and grab my Verizon and AT&T Um, I do like I do like disney. Um, you know, that that's one of my favorites in the space Um, but but it never used to be part of telecom. Those those kind of went, you know, kind of kind of merged together a little bit um So Yeah, I I don't like it either man. They're They're horrible Why is it going down and that's because management? Uh, that's what happens when a legacy company gets around for Too long and one bad manager gets in and spends more money than he has brains Um, and actually this is uh, my total concern with mo I I beat on mo a lot. I was even uh commenting on ppc as of late as of late. Yeah, I sold out of that one I sold out before you started for the same reasons both of them actually see the IQ os news I mean, I was devastated by that I'm like these poor guys man because I like mo as a company They just can't get a foothold in anything and they're pissing through billions trying to figure it out Right whereas if you're I think if you're buying tobacco, you've got to stick with uh, philip morriser Say british-american like something that actually has global power not like mo that's so focused They can't get there's hands off the the regulatory bullshit But yeah, that IQ os thing was brutal to me man I was like wow the last like little thing they were really leading into to get into like the vapor market and just crushed Just net zero immediately overnight. Uh, so brutally painful, bro I didn't realize but that litigation was going on for the last uh year and a half almost two years Um, I mean if you took the time to read their litigation report I mean, I I'm surprised they don't bring it up on the on the investor relation calls But but yeah, man, that's uh, that's I don't know it hurts I don't know what they're gonna do now They really need mj market legalization or something but I feel bad for them There might be a company that might be in line too Yeah, and I my wife took a little position in tat global. So we'll see how that works. Why not? Yeah, that's it right. Yeah, I wish they could do something like that I mean tat was that's that's a genius play in the the sin stock sector. I'm curious to see how it rolls out for them Um, but yeah, I don't I don't like the sector at all anymore, man I I'm just kind of staying clear of it for now It's the other problem too with this sector is like a bottle bottle beverages. I love that sector now You know when you talk about like Bottle beverages and and you know your star's constellation those companies Yeah constellation medela some of the more beer strategic companies. I'd rather own for sure too But I think for younger investors I honestly think we should just steer clear those markets And the only reason why is because I think in this day and age What matters more is the fact that pension funds in big big ETFs care about the company And I mean, I've heard Kevin O'Leary go on about it all the time now That like it has to meet certain regulatory rights, whether it's carbon emitting rules They have to follow all this stuff. So they'll never hold tobacco Never and it's another reason that the stock stays so suppressed, right? Is no ETF wants to hold the companies anymore? And there's just like continued and I think it's always wiser for younger investors not to be chasing high yield I think like face like those premium companies that can actually grow the bottom line and prove that it's a It's a true capability. It's not like imaginary like mo's future. It's not imaginary. They're not working it out They know what they have and anything they build on that is only a value at So I'm like, you know, these younger guys need to stay away from these kind of bond like companies And I get it if you're older, I think mo is going to be a strong business for the next 10 years And if you want that yield today, I mean great go for go for an options ETF, but don't give up on The true value of total return, man It's like I heard gen x talking about it and he was talking about dividends and he's like, look my best stocks of all time are Apple and microsoft and he's like, you know when you're young you're trying to buy a house You're trying to get ahead have maybe health problem something comes up You're going to give a shit a lot more about the total return than that 8 yield that you're getting off mo Because I mean the apple microsoft no one cares about them and they're great They're labeled the greatest safest dividend stocks of all time. They are nobody talks about nobody talks about Nobody brings them up and it's like that so it's and I think something to add to that too like People just throw that out there like to realize your 8 percent is really easy You got to hold that for an entire year And I don't think we talk about the discipline necessary to really get that compounding dividend effect over time Because people get bored You know, I'm I'm okay with a certain element like like I've got a certain element that we get a you know 100 grand or so I think I did the stats on it. Maybe 30 percent in dividend stocks Right, so about a third third in growth third in dividend stocks And a third and in the passive bucket that's kind of where I've shaken out right now So from a passive from a portfolio perspective, I look at this and I'm like I don't really feel like changing anything like my plan is fine. I'm happy with my plan. I'm happy with having this growth Do I do I think that I entered into growth at at the most unopportune time? You know, I mean I can beat myself up all day. I was telling you I think you know The cost basis on highly on is $12 right here. It is at $8 So do I beat myself up over that? It's like well, it's just don't get emotional, right? Like you're saying like you gotta live in the percentages, right? And I think that's why it's because I'm still a highly proponent dividend investor I don't I just structure my portfolio exactly the way you said it because there's no way to to screw it up It's like if you're gonna put risk on bets with highly on or whatever Whatever the companies these people are interested in if you keep it at that percentage weighting Yeah, it goes down You can build it back up to that percentage weighting if you don't want to then just leave it because that's the bet, right? Like you're I mean, I mean, I bet 30 of my portfolio and growth in s of p top 10 So I'm like that's that's the core bet and then everything else is dividends and built off of that to offer some stability, right? And this this too I think is the fallacy is when you put you put all your stock in dividend growth or you put all your stock in passive investing Okay, now there's going to be schools of thought I had chris was strongman on last friday with me and he's just boggle head boggle head all the way And and yes, I I agree with that But there's a deeper portfolio building type of of philosophy to say You know, yeah, it's easy to be a passive investor when the markets are really really good But voo will if that'll go down when the market goes down, okay? It is a stock portfolio It's a stock ETF, you know, so it is volatile. The risk is a little bit higher Um, and I think again people need to kind of understand about that I never look at my buckets to say because I have 30 30 and 30 right with a little bit of change on either end That i'm robbing from one bucket or giving up the potential returns by going all in on passive By going with a little bit of speculative, right? And it's easy to look at the speculative and say Everything's getting crushed. We talked before we came live about everything coming off of the SPAC debacle from last year, which was You know euphoria last year and it's complete disaster this year Coming off of that, you know, I think some companies will emerge from that Um, but you know for the most part the entire SPAC market is still really suffering and anything that was attached to that Is getting crushed It's it's the risk on right like today you might feel like an idiot, but then a year or two from now This right you just run up two or three hundred percent. You'll look like a genius. Um I mean, that's the problem. I mean, that's the problem Everyone reams me out because I always make fun of like, um Like michael burry the guy that didn't even predict the 2008 market correctly And thought we were going into world war three and to go run and hide in a cave The same guy that I don't know every time I bring his name out There's a people my check group that reamed me out or even like I talked to people People get their eyes as glazed over like this guy's a genius And then you look at like how many predictions since then that have just been horribly flat wrong over and over and over again Um, I I mean, it's it's patience with those kind of things, right? Like you can't you can't take such I don't know. It's it's a tough conversation I think for a lot of people when the stocks are down because the hardest thing to understand is when to sell the business And if you can't stomach when it's down It means you probably didn't do enough homework to understand that like you're betting on the business against anything with tesla It's like I'm not betting on the stock the stock will naturally do well if the business plan comes into fruition So who cares what it does today tomorrow or next week? um If people in our check group love those two companies, but I don't hear any time I look at videos today, man I don't see any apple or microsoft dividend videos I see gen x mention it once in a blue moon But even gen x doesn't really talk about those two companies that often like you used to Um, they're just so easy to own man. Like if you want to oh, yeah, that's the problem Is it's too easy making money is too easy for people? And I think they make it harder than it has to be because like I said, it's about a balance Like people like because they listen to you and me right like we go on about our spec plays my men highly on all these companies Test whatever but it's like those aren't are like core positions It's just like, you know The easiest money to make is the money you don't even want to chase because it's that easy You're so caught up in what everyone's excited about that you're missing the path that path But I like that next comment because the guy's like thomas milton. Just kidding. Um There was some fun. Yeah, there was some joking today going on because today I kind of felt like people were at their breaking point, you know, and they're like just hire them on get somebody in there You know to say it can always go lower. It doesn't matter what the stock is. You think it's a bottom It can always go lower. I've People got to learn man. I mean bad, but how many times does someone call the babba bottom? I mean, I've tried to call it like no down five times this drop Oh, yeah, I'm taking a bath on Ali Baba for sure Yeah, just yeah, but anyways, man, I'm gonna let you uh kick it off You're gonna go and set up the the stuff for the matty mula stream and uh, absolutely Thanks for coming on my brother. Yeah, stay stay hustling. All right. Yeah, you two man. I look forward to catching you in vegas Absolutely. Absolutely. I'll see you in a minute. Hi, brother. Yeah Very cool. Thank you to Kyle appreciate that man. Very cool. I don't know who you guys were talking about to kick out I don't this is open forum. I was just talking to my boy Kyle for 40 minutes. No big deal You know, I if somebody wants to come on an act of fool, that's fine. No big deal Come on the live stream and tell me how much of a joke I am Um, I have a half a million bucks in the bank. I I don't know Where where a lot of people want to bitch and complain that they don't have two cents to rub together Um, and and then they want to bitch at everybody else like like they're idiots. Um I don't know. It's funny. I how how different of a perspective I take on And I know the video sometimes I come out with these if I came out with them every week people would be like, okay Rai, you know being a little bit negative, but I think people might need to kind of hear um, the reality sometimes is that what is the true pedigree to success in stock market investing And I don't I don't think it is as hard as people make it out to be And and I think sometimes instead of Spending your time focusing on everybody else out there Why don't you take a page out of my playbook and start to deploy this and maybe this is a new concept for you I don't give a fly and rats ask what you do with your time. I I don't care And it's amazing how many people out there actually seemingly care about what everybody else does It's kind of the glass house type of philosophy I wish everybody the best honestly. I don't care if you're a multimillionaire. We have some in the group here No big deal. Um, I'm I'm I meet with ceos now weekly I would have never been provided that opportunity You guys think well, you know, that's pretty arrogant ryan. Well It's confidence that allowed me to start the independent investor channel five years ago When myself and everybody else in this family. We're talking about why the hell I'm doing this All right, and I know there's people that and I I do throw that core message to to the wind every now and then because what frustrates me is the The the amount of people actually out there that need to hear that They they need to capture the investing philosophy make it part of their life rather than Spend their time and that's usually what I'm observing especially on a lot of online threads Um, the real christopher I gave him a shot out last week. I gave him another one the real christopher and I guess Andrea's they run the uh discord group for highly on I should kick in there. It's just unfortunate because uh Highly on is um Discord groups are one of those like time crunchers And I don't have a whole heck of a lot of time to even get good rest or get over to the gym and and whip some ass I've lost 15 pounds You guys would be glad to hear that. I I've still quit coffee Some of you guys are out there like all good is probably like, you know, I'm not quitting coffee ryan. Leave me alone I like my cup of joe Um, that's life. It's it's gonna be a winding road I appreciate the votes of confidence from kyle as well even guys like myself sometimes get viewed as iron clad in the market And I am I come on and I talk about you know, a little bit of frustration with some of the picks and Seemingly everything that I've been able to touch this year has turned to manure But I'm still here to find another day two stocks and two two etfs. What do you pick? Um, it depends on for all time or if it depends on You know, what I would do to answer that question. It may be more valuable for me to Answer it my way. Okay um My favorite etf in the entire market is is is vanguard's total market It's vti. Okay You could buy the s&p 500 But I think the s&p 500 needs to be supplemented With a small cap product and if you're going to supplement you do a 75 25 do a 75 s&p 25 small cap markets that make sure that you get That top 19 percent of the total u.s. Market get a little small cap exposure there It's kind of a cool idea that way if you do split it up and you want to do total market Excuse me s&p contributions. You can do that Strategically move down and do some small cap if it's down you fund it up more So I would say vanguard's up the voo the sp y is a good product It's similar ivv is a good product But any of the s&p for passive investing is going to do very very well for you Over time because people really underestimate Meeting the market over time they underestimate Or envision themselves in a place where they own these products 10 20 30 years down the line And voo is one of those products Really one of the very few products in the entire Stock market that you can envision owning down the line If you're going to look in the growth category we talked about them I don't necessarily I I like Microsoft and Apple as value plays. I really do As significantly as they're growing their moat is so huge And they're so dominant and so powerful in their specific niches That I think in the value category. I don't think you can I don't think you can ignore Microsoft and and and apple. I think in the growth category I think you could take your pick between google facebook and amazon and and then there's tons of value plays out there That you could look at murk had a fantastic day today. Look at your dow components to start Okay, I've always been a huge huge profound proponent in In technology with visa Visa is a fantastic dividend and growth play But all kinds of really good growth my favorite growth play right now in technology Is salesforce.com salesforce.com is one of the bright spots in the portfolio right now I could go on and on Really what you need to ask yourself is what percentage of your total portfolio? Do you want to allocate to more of a dividend growth strategy? If you look at my dividend portfolio, there's 72 holdings caterpillar john deere Home depot cosco mcdonald's Leggett and plat Linde right across all sectors that you can just chuck or block in there. I have a $20,000 bill in that portfolio I have 72 holdings Collectively those 72 holdings continually pay a dividend over time. I'd like to get that account up to 100 grand I'm 20 percent there. So you see how I kind of piece down Investing and look at it more like how we split up The the the 100 percent of total potential pie Into strategic buckets and that'll help you answer this question because You got the question of the night because those are the types of questions that are really geared toward Productivity and thinking about a deeper perspective in investing I alluded to it tonight the very volatility that we talked about in the stock market right now is made easier By the fact that yeah, my ultra growth and my active element to the portfolio is suffering right now But the passive element is holding in there quite nicely the dividends that are being rendered on the portfolio are still being rendered I'm Exploiting an interesting business niche where some of the other avenues have kind of dried up Right. I'm really exploiting a hot niche right now In the business so that is able to supplement the cash bucket which at all time highs I think it's a smart maneuver To to contribute a little bit to cash as well, right? If you don't like that idea think about some alternative investments, right? Lots of things things that I don't like to mention over youtube But for all you second amendment folks you get my drift you could go that way You could start to kind of hoard a little bit there sports card collecting Fine art things like that all kinds of cool things. I like golden silver. I really do If bitcoin is your thing fine I've just recently moved away from bitcoin and i'm totally fine with it. I was fine owning it too, but I think the idea is to diversify your portfolio in a manner that makes sense to you And kind of move away from the whole well, what's your hot stock pick? And I don't mean to imply that that's what you meant by the question But I think once we start to think about How awesome it is to build a portfolio? I always explain this as being like the coolest part about investing and it's the very part that people get the most Uh, they get the most uh intimidated by I think and that's the funnest part Think about it as you exploiting that opportunity, you know In investing and and and how you piece that up in a way that makes sense to you Ryan, can you explain what you mean by say channeling sure? Yes swing trading and It's really taking a stock like a Pfizer for example And trading it along multiple channels And it it does take some chart reading not necessarily from a technical perspective But just to look at you'll see value stocks go through different swans a little bit Okay, and you'll you'll see a company like Pfizer go up into the low 40s and then Quickly in short order return to the low 30s Okay, and those are the types of opportunities look from day to day stocks are going to be up and down So I I look to do my channeling in stocks that I don't mind if I make an ill fated By purchase at 43, which I probably wouldn't do I would probably own it into 43 and look to take profits Um if I see that big dip that might be a time when I say, you know what now's a good time to take a strategic stab at it Pick up 100 shares the company or 50 shares in the company Let's say it continues to go down. I add another 50 share block Then when it swings up I go ahead and take that profit and then I monitor it Right, the work isn't done at that point and I tell you what man it's not one of those things that I mentioned very often on the channel because It's one of those hard skills that are really hard to Scale to people and I don't think it's something that beginning investors need to be getting involved with But what's to keep you from giving it a try? right I mean if if you took advantage of some of the dips even this week and and bought into You know, some of the stocks you would have had all the opportunity To to exit that position today for a nice swing profit And and there there have been times when I've swung profit 30 40 50 bucks 100 bucks a couple hundred bucks at times and then of course swing trades upwards of a few thousand bucks too So it just one of those multiple strategies No, right or wrong way Just one of those things that I certainly do and I enjoy And I've been profitable doing it. Okay. We'll go for a couple more minutes here guys And get to some of these Uh, some of these extra questions So where are we out with the high they're done It's ready. Yeah Ex is done the hybrid is uh I don't know what the reason for the quiet Pet phases. It's weird. I don't I don't get it. I think if they had sales Or if they do have sales and they're keeping it quiet I don't quite understand the strategy If there's underlying things going on behind the the currents that that um, are um Are are lending itself to the november earnings call that they want to disclose then Um, perhaps maybe they are looking at it from a perspective that every time they release good news This stock doesn't go anywhere anyway So they're like to hell with it. We're going to do our own thing and we're going to do what we know Is is stepping in the right direction So interesting enough man that hybrid product was in the hands of I think they sold 35 000 units or they had 35 000 units that a million road miles of validation But this hybrid has been proof tested for many many years and this final product really fell Flat in the eyes of the market. I think that's a real disconnect. I think that's a misapplication of value Just like many of the other things That are being misapplied with value with regard to the hybrid now They've moved on to the proof of concept with the erx getting those erx in the hands of The fleets some of the other fleets have had some extreme difficulty rolling out their products to fleets and as as much as this pains me to say this I don't I don't I don't want highly on to do that And and I think they know that and I think they're going about it the right way I've always thought that fev was an absolutely strategically critical element of product validation the critical components price that goes in Adjusting of said products spacing etc. Everything from the engineering perspective Fev has been doing it forever and this is what they do They take existing products and they make it as perfect as they can From an engineering perspective so it's it's that very thing that I'm investing in Because those types of things cannot be duplicated as easy as people think that they can be duplicated Okay, the very progress that's being made by highly on and fev and others within the space Those are unique to highly on's Unique umbrella under what they're doing and all that fits into the ip Right that highly on is investing in right now that should pay off down the line I just think talking about it right now in this phase that we knew was kind of be kind of a Dark period if you want to call it that It's totally fine. And but I I'm interested to know where those sales come from so I'm a little bit impatient on where and how You know how they're being received because those products man I want those in the hands of Of the the folks that are advocating like matt debtmar, right? I mean that guy They're getting their money from an advertising perspective out of matt debtmar. He's been the best customer And um debtmar logistics is a privately traded company So you know kind of think about that when he's out there in big industry Talking about these guys. You don't think they get he gets their Curiosity He's one of the three big erx orders on the books right now so And I find that interesting how the 1500 and 50 Um erx orders is somehow dismissed. I'd be hard pressed to ask if nicola has such a backlog of orders right now to boast Right Does hyzon Have that backlog of order book Yeah This is some things to to to really enjoy I for me the difference between eight and ten is is nothing Okay, um, I I'm super stoked that I've been able to get my cost basis down as difficult as this stock has been to own You really need to keep it in perspective in the short term and understand that this thing ran up probably Had all kinds of momentum Manufactured into the stock and it never should have been 58. Okay And I think on the rubber band side. I don't think it should have ever fallen as low as it's fallen right now Um, does it fall lower? I don't I don't know. I don't think so It's proven to have some pretty good support right here. So we'll see how things play out But uh, I I think there's going to be great great things and it's just going to take that one catalyst to to flip Okay, the stock market gets it wrong all the time During certain phases for for certain stocks, but it doesn't get it wrong forever And just because your perception is that the market has it wrong and therefore it needs to change in reflected in the stock price That's an ill advised application in stock market investing It's not you just have to look at your shares of the company Be happy with the position that you have And this goes for every bit of your portfolio when it's not performing well You just have to hunker down and be an investor. That's really it Okay, so with that guys really appreciate kyle coming on appreciates you guys as well Um, I will go ahead and drop another invite as I always do. Nobody ever takes me up on it. That's fine So, uh, but I don't mind providing that Invite I'll stay back for just a little bit and then I will kick off. It's been a crazy crazy busy week Thanks for everybody that's uh supported the promotional content That really helps. I enjoy the heck out of it So just think about it like you're you're supporting an initiative that I've found to be extremely Extremely valuable not only from a monetary perspective, but I really enjoy especially the ceo interview part of the channel. It's fun How many people get to sit down with a ceo every week? I'm like a kid in a candy store, man and um If you think I take that lightly, you've really misjudged me, but uh, you know still the same person just a little bit more razor sharp on uh calling calling people out on Looking for the wrong stuff Sniffing up the backside all the time of stuff information. That's really not that important and um Try to focus in on that information that is going to be good for you and your family We talked about the strategic buckets. That's really a huge takeaway for tonight I I think the question about the two and two I think that was key that allowed me to expand upon that and really allow you guys to kind of think about Wealth building from a holistic perspective and the more retail investors we can get on to that Bandwagon the more powerful we're going to be and The more retail investors that we're going to create that are not so lopsided In their application. So guys, we will be back Next friday on the independent investor channel. It's live stream. Love each and every one of you guys, man You're all part of the heart on the channel. I'm just here to deliver the message. I'm glad to do it I'm honored and I'm humbled to do this week over week Appreciate the humble humble followership guys Get into one investor at a time man each and every one of you guys should feel empowered in your application Certainly, so have a great weekend and we will catch you next friday and the independence investor channel live stream Be well guys. Take it easy