 hello hello hello good morning everyone get everybody's how's it going yes I'm back I'm back a back Russell Moore we're dedicated to financial literacy welcome to the channel yeah heartiest shoes man so I've been taking a break I'm back though and I love everybody miss everybody thank you for all those that know my situation and prayed for me but I'm doing well even back on the treadmill and so event my wife is doing well my son Benji we're all doing good and we just want to thank everybody and just welcome to 2024 I know it's what April almost it's April now I mean but it's been about six six months since I've been on and so I just want to just tell everybody I love you but very much and thanks everybody and let's get started you know I don't like to get off sentimental okay alpha male alpha alpha alpha so anyway my channel is concerning of just just to give everybody a little reminder my channel is all about newbie investors new investors beginning investors people that are new to the stock market I am not I don't have a hedge fund background financial planning anything although I am also thinking about being certified for the sake of being certified I've learned a lot just from my own homework and research have been I've been investing in the stock market trading investor for about 15-20 years while I've so I believe in I believe in both types of investing fundamental I believe it's primary fundamental analyzing and also technical analyzing so the charts and checking out the charts and what the charts are doing the history of the charts and all that you know learning how to read the charts and anticipate what the market might do but I'm mostly fundamental analysts it's about looking at the fundamentals of the company the cashflow their debt revenue EPS earnings per share if you for those that may not know by dollars and new people to the channel guidance the Ford guidance the CEOs and the leadership team the CFO you know I look at a lot of what they've done and what they've accomplished and see where their vision and the mission is for the company so it's about the the health of the company when it comes to fundamental analyzing okay and then you know and then I just went over technicals and I you know most traders if you're a day trader you usually will go by technicals fundamentals of doing any good I mean technicals you got to see what's going on with the market day-to-day and following what they call candlesticks so but I mostly am I'm more of a my philosophy is acquire stocks keep building on them hold them through everything even when the market corrects or now when you say what do you mean by correct I know I'm talking to newbies when I mean correct a market correct and usually that's between 20 when the market actually goes down the stocks the S&P 500 Dow Jones Nasdaq when it retraces it goes back anywhere between 10 and 20% after 20 percent if it's going down 25 30 40% that's usually a bear market a crash anything after 50 if it's if it's beyond 40 I would say even 40 45 after 45 50% the market goes down 50% you're in crash territory you're in a collapse market collapse like 2008 20 1929 we're talking about the depression so 2020 a lot of people don't realize that you know 2020 the market went down 30% in a day that's a P 500 yeah so anyway so I just wanted to get back on and just just get back in the flow and just so I have no script or anything like that I'm just going from the cup you guys I love everybody that just I want everybody to do well inflation let me I will say this I know I'm all over the place today you guys bear with me okay I'm just getting back I want to say something about inflation because I'm gonna be honest with you and I don't want to get real political but I am not in support of the current administration and the economics of this the economic framework in the philosophy of this current administration I'm not going to go into a big thing about it but one of the things that I wanted to say dispel when people talk about inflation okay inflation has been going down okay I think we're at around 3% from inflation rate but let me ask you this when you go to the store are the prices down our eggs down it's milk down toilet paper paper towels paper plates food the last time you bought chicken those those great frozen dinners or those dinners that you like to buy are they have they went down or are they up juice kids foods kids clothing your children's clothing is all that down and what about your credit card debt is the your credit card a lot of people are not talking about the debt in the United States right now credit card debt it's on the rise it's it's horrendous and a lot of it is it's the banks are trying to charge as much interest as possible so if you haven't looked at your if you haven't looked at your credit card if you're in debt and you haven't looked at your credit card how much you're paying interest you might want to take a look at that one thing one of the things that you can do is seek to get a transfer transfer your balance to another credit card that has no or low interest a lower interest rate okay that'll bring it down where you can be more manager otherwise you could be paying for years 28 27 22% no way no way buddy get out of debt get out of debt and so that's what I would say in 2024 attack your debt go to war on debt that's what I would say in 2024 yes if you now if you're out of debt then invest but if you're investing and you've got a credit card debt of say $5,000 with a 21 24% interest rate on that that money that you're investing you're really losing when you add in when you add inflation to that you're actually losing what I would do is take the money that you're investing put it towards your debt knock that $5,000 down knock it down I would definitely seek to if I were you I would definitely seek to find a transfer balance if someone if they're out there you notice you haven't been seeing them that much anymore transfer balances have you noticed that all those offers that we were getting about a year ago so that's why I a I'm like I love it stay out of debt get out of debt and stay out of debt some of you need to get rid of your credit cards keep one or two get rid of those suckers that's the that's the bank's way or the that's the lender's way of of hampering in in destroying your wealth okay alright didn't mean to get into all of that so disclaimer I don't usually I don't tell people what stocks to invest in I really don't you're not coming back so in me so but I I may mention stocks that I'm investing in but that does not mean that I'm telling you to do it you have to find out what's best for you and your family and what you need to invest in okay and so that's my disclaimer I'm not gonna have you read nobody even reach a disclaimer when it scrolls down on these channels nobody reads that so I'll just tell you I am not telling you what sucks to to to purchase or to invest in I may mention the ones that I have but I don't want you to follow me follow your own conscience follow your own research what do I always say if you do not learn you will not earn if you don't learn you will not earn if you don't read you don't want you won't lead alright so but I am gonna say something about one stock that I've purchased a while back I don't even know when Palantir and they did something I read something and I haven't read the whole article you know so I gotta look into it yeah mostly I'm usually a little bit more prepared but hey I'm just gonna tell you shout out why don't you go out there and do your own research on Palantir just partnered with Oracle Oracle's an old school been around a solid company and apparently they're they're partnering as far as AI the AI cloud business and so I'm interested I'm gonna dive into that do a deep dive in that and what they're doing but that man that's that was a great that's a great move by Palantir and I'm sure Oracle wouldn't do that they weren't benefiting as well so that's gonna be great so if you see that Palantir for those that have that stock if you see that Palantir is up today it's been up about three somewhere between 2.5 and 3% today and if I personally think it's a great stock I saw their earnings report I think it was about a month ago they're knocking it out of the park as far as their earnings and they're really growing as a company and I think they're gonna be here for a while and so this the stock is pretty cheap I think the valuation I think the valuation is fair I think it still has so much more room and expected and so much more room and potential I really do that stock don't sleep on it so I think it's at around 20 to 23 dollars a share right now and so I think I bought it at around $8 something like that but it's it's moving so I'm definitely making I'm definitely making money on that on that stock so Tesla you guys hear about Tesla their deliveries I heard was really really down Tesla's deliveries are really down you know I'm not gonna like tell people what to do of course like I said but I know that some people are like sell sell sell sell sell sell Jim Kramer hey Jim um but if you have a lot of Tesla there's sometimes where you just need to just relax calm down and really look at the company really look at the company somebody's calling me and oh it's a ghostwriter I'll talk to her later yeah writing a book well I'm writing 10 books I'm writing 10 books for my son they're gonna be addressed to my son I don't even know if I'm gonna publish them I just want to write 10 books giving my son advice as part of its inheritance what do you think about that idea one of my friends said wow wow you should that's a great idea man you should I probably I'm I'm giving it away now so somebody else is gonna cover take my idea but I've had this idea for a couple of years and so I've already read wrote three of them and so yeah we want to leave more than just money and land and all that's great that you leave that as an inheritance but what about your wisdom what about your experiences dads what about what you've been through I even one of my books is it's good it's all about my mistakes and what I've decisions bad choices I made over life in life why so you know everybody wants to talk about the glory and with all the things they do that's well and everybody wants to pump themselves up but what about talking about your transparency and being transparent and talking about your mistakes and so I want my son to know that I want him to know these are some of the mistakes that daddy makes other and and get this son don't make the same mistakes and what I learned from the mistakes not just I made mistakes what did I learn what what happened as a result did I change that was I did I become a better person did I become a better Christian did I become a better man of God and and obviously the mistakes that I made before I you know gave my life over to the Lord and so I want my son to know it all and you know some things if it involves other people you don't want to put that in a book so you're not trying to get other people you know but my personal mistakes and decisions example my decision to try drugs just being real here now I was fortunate I started around 16 was off of them around 19 but for three or four years I was heavily on drugs and that's not been the slate for everyone some people man for years I got friends that are still on drugs that I did drugs with alcohol was a big thing with me not going to school to get a degree I felt like was a bad now some people like I now days right now everybody's like oh you don't need a degree the college is too expensive back when I was you know 1920 1817 the degree was vital it was very vital and I think the the the the income gap between somebody who had a degree and in someone who didn't with significant significant you were the man or the woman if you had a degree nowadays you got people with degrees working in McDonald's and what did you know Elon Musk and who else was that that Google I think I think even Mark Zuckerberg they're like you know of course it's there's certain high certain high profile positions that were well they're gonna look at a degree but a lot of things that you need to do today and especially in the tech space you don't need a degree and they're like look you don't have to have a degree this is these are some of the things that we're looking for but you don't have to have a good degree okay so now I'm not telling you not to get a degree get all the education you can but some people they're not cut out for that you know they're more I got a friend who who owns a cleaning business pulling in at least two million a year and it's cleaning business profit profit so yeah plumbers no plumbers making four or five hundred thousand a year try doing that at Goldman Sachs unless you some high-profile exec or you know senior analysts I mean and then you've got you know you've got to have a stake in the company as well so I'm just saying this you don't necessarily need a degree anyway I talked about Palantir Tesla's down the stock is down I think it's the lowest it's been in years the stock and so but to me that's an opportunity to buy I'm like let it keep going down let it keep going down I'll buy more shit I'll buy more shares don't panic okay don't panic let me say say this before I close today we want to talk about like because everybody's been expecting the market to pull back some people were saying hey it's gonna crash I'm not gonna go to that extreme but we are do a correction a correction is when the market goes down between ten ten and twenty percent where the market the S&P 500 NASDAQ and Dow Jones okay S&P 500 500 companies worldwide companies big big huge huge companies blue chip companies NASDAQ NASDAQ issues about a hundred hundred companies and then Dow Jones is 30 I'm only saying that for the new beach because I know this channel gets a new investors new traders okay so yeah so they're expecting economists a lot of people hedge fund big wheels or a lot of people are saying that we're due we're way past due a major correction so there could be a correction is between ten and twenty percent when market goes down ten to twenty percent bear market when you hear the term bear market that's anything after twenty percent to around forty percent so the market goes down between twenty and forty percent we're using in a bear market now it also depends on how much time bear market determines time the correction could happen that you know it could take place for a month three months bear market you can end up in there for about a year 13 months 15 months 18 months a collapse or a crash is 50 I would say 50 percent and up the market goes down 50 percent that's a crash and 2020 around March between March and April the market went down S&P 500 went down I believe it was 30 percent in one day and so here's a interesting stat in the last year the S&P 500 has been above has been up about 32 percent the S&P 500 but get this most corporations on the average their earnings is about four percent four percent earnings for corporate business there in the S&P 500 is up 32 percent so if they're not profiting yet the stock market is up it has nothing to do with earnings it has nothing to do with that how well the companies are doing so I'm I'm I'm I'm more apt to say that we're about we're about do the market pulling back so beware be careful I'm not telling you to go out tomorrow and sell all your stocks but start piling up cash start putting some cash aside so when the market does drop and it reaches the bottom then you can go in and purchase at a discount okay all right so just be prepared be ready also here's what you want to do 2024 get out of debt get out of debt get out of debt 2024 get out of debt attack your credit card debt all right lastly what would I say about 2024 attack your debt prepare for a pullback or correction in the market within the next 90 days I would say this is April between now in the next three days three months I would prepare for a correction I'm not saying crash I'm not on that I'm not in that camp I'm not even maybe a bear market but definitely a correction is coming and so prepare for it oh emergency fund make sure you have an emergency fund I would say six months it used to be three to six months I would say six to nine months I'm almost get tempted to say one year of an emergency fund most people won't be able to do that that means an emergency when you say emergency from what do you mean Russell what I'm saying is if you had no job and no income coming in you have money away that could cover all of your expenses for three for six to nine months that means your mortgage all your utilities now that doesn't include your your wants and desires only talking about needs things that you necessities things that you have to have you have to eat you have to have the lights on you have to have gas okay you have to have water you have to have food you have to pay your mortgage or your rent whichever you have so you want to have enough so make sure you do a budget and say this is what it requires for me to live on every month and then make sure you make an allotment and put have a separate account that you do not touch notice that everybody say do not touch don't touch that account and you just have money going in every payday every payday and as you get as you get a promotion as you get bonuses I believe and just taking your bonus and putting it in that emergency fund to give it a boost I don't invest it that now it's up to you it's your decision I'm not telling you what to do all right anyway gang I love everybody that's it get out of debt in 2024 declare war on 20 declare war on your debt in 2024 all right and then what else did I say emergency fund six to nine months we'll just say six all right declare war on debt be patient declare war on debt emergency fund be patient and be prepared for a market correction put money aside just so you can purchase those stocks on the discount do not panic do not panic when we have a correction stay strong I'm out of here bye bye