 I can't hear you What's up money geeks Mr. V here welcome to another video guys so in this video I want to talk about some important news that I've been reading As a matter of fact for important things that I've been reading and I think you guys should be aware of and so how this would impact Us moving forward as investors So before we get set of guys if you're new to the channel We took about how to earn money had to save money how to invest and build wealth So if there's something that interests you go ahead and hit that subscribe button any notification bell So you don't miss out on new content. So as you guys have seen the market has been crazy Especially tech stocks and sparks. They've just been going south and just that little correction there guys again This is I know people that are new to the market are gonna be panicking like crazy But if you understand how the market works, you know that this is an opportunity for you to buy This is an opportunity for you to buy at a discount. This is a sale. This is like your black Friday So I want you to take advantage of it. Remember back in March of last year when we had the COVID crash and I was screaming my lungs out here like buy buy buy buy like Jim creamer Then look over happened that year everything squeezed back up and just skyrocketed and people made a ton of profit So when you see opportunities like this this tip, especially in the tech space and sparks It's an opportunity for you to buy at a discount rate because you know how the market works again Guys is up is down is up is down, you know, it's gonna bounce right back. It's just a matter of time I don't anticipate the market ever crashing and going down to zero. That's never gonna happen So when we when people see this they panic like crazy knowing fully whether it's gonna bounce back off So I still don't understand why people react that way It's hard for people to get into the market and not react that way the first time they see a pullback like you So I just want to put that out there. So let's jump on take a look at some key important things I actually read and I thought this is what sharing with you guys because The more, you know, the better for you as an investor the better Protected you are in the market and you continue to make good decisions. So the first one here is Micah Burry, I don't know if you guys remember this dude from Big Shot the guy that sounded Alert or the alarm when the housing bubble was coming up He sounded alert and nobody actually took him serious and then they made that Crazy movie and put it out there. So this guy is actually shorting Tesla. This if you can see it here He's actually shorting Tesla. He thinks that Vox wagon is gonna be Tesla in the electric space So as of December last year, he shot at Tesla that Again, he says enjoy it while it lasts. I want to find that particular quote right here So he actually says enjoy it while it lasts. So this guy I mean from his own history that we know the fact that he sounded alert and was smart about it and made a ton of money And nobody listened to him is now saying that hey watch out for Tesla because Tesla has a clear ran up 600% since 2020 so he's like guys watch out But again, he is saying this now because he has a position in Porch so if we go to porch company as a whole this is porch automobile holding So this is the one that this is a company that owns the company that owns Vox wagon and porch itself the car. So this is the main company So he actually owns the position and this company and he thinks that that company is gonna be Tesla and the race for electric vehicle again He didn't really give us any breakdown as to why he was going that way He's just saying that Vox wagon is putting in a ton of work and Investing a lot in the space. So he thinks they're better again He could be doing this to pump the stocks that he has his money in but at the same time if he's shorting Tesla Then he's gonna benefit from both angles. So you're telling us that Tesla is in the crush you're shorting it at the same time You're telling us that Vox wagon is gonna be Tesla you so that's the where it's gonna So you go short on one you go long on another one That is really double-dipping in my opinion so I mean I I love the guy I know that he was once right I'm still very a little bit on the fence here because I'm invested in Tesla and I believe in Tesla Again, this is not news. That's gonna make me want to sell my Tesla anyways So I just wanted to point it out for you guys, but this guy is blowing the alert So if we look at Tesla right now Tesla is currently trading at about 500 and And 97 dollars, I mean if we go back maybe three months ago you start winter as high as 880 No, I think that's actually got to Maybe 900 dollars at one point if I remember very well, so we got up to about 900 Oh, anyways, but right now Tesla is sitting at 597 I owned that's like I said, I'm not gonna sell it if I had money right now I'll be buying more of Tesla that would be my strategy. So that is news number one Number two here number two is Shamar who is No, the guy that actually took virgin galactic public has actually sold His stake in the company. So no again, this is not like him completely out of the company He's sold his personas taking the company But he's stick in the spark that took the company public is still is still with is still there So he's not like completely out but the fact that he's I mean they used to word dump He's actually selling out and the reason he said is because he wants to take the money and invest it in other Opportunities that are geared to us fighting Climate change. So that's why he is selling out of this one But again, I'm sorry if you are one of the guys people invest in this company because they trust you and now you're dumping and really Getting completely out. It's like that is a red flag. So if you can see it did actually impact the price of the stock We can see here as right now sitting at about 27 dollars But it did pull back all the way to like 24 So that would have been a great opportunity for anybody that's not invested in this particular stock to get in as a matter of fact Even at 27 to me very virgin galactic Yeah, the only issue right now is they are not profitable But it's a company that is moving towards profitability So and I trust the money management there So this is one that if you don't have a position in you can definitely open a position Like I said these 24 down here would have been a great place for you But under 30 you're still not no wrong because if we just go back maybe three months ago This thing was up to about 60 dollars. So just to give you guys some context So that is buying it at a really really bagging price. There's something I want you guys to be aware of then The last one that I have here is Kathy Wood. So Kathy would act innovation fund That's actually dropped 12% for the week again here They declared so wiping out all the gains that she had for 2021 so far again If you take an invest you can see here right here. It dropped to about 107 106 there and then before squeezing back up now sitting at 116 But if we go back maybe about three months ago, this thing got a hive about 150 156 so that is I mean again at 105 106 to me that's still a steal But we don't know what the bottom is and this is what I've actually told you guys several times guys when you're investing in a company I don't want you to go out and just buy No, let's say a hundred shares of that stock in the situation like this when there's a pullback in the market You start buying slowly. So if you wanted to you say, okay under 110. That's my comfort zone I'm gonna open a position here. So you start looking on that 110 You say, okay, if you wanted to buy let's say a hundred shares You say on that 110 when it gets to one one or nine or 108 you pick up 10 or 15 shares It drops down to 107 106 to pick up another 10 you be dropping to 105 You pick up another 10 just like that in there that way But you're not gonna sit there and think that you can time the market and find the bottom because nobody can really time The market and find the exact bottom. So this is something that would benefit you in the future So there you go guys Those are some of the key things I wanted to bring to you guys again, Tesla the fact that they're trying Michael Burry is trying to short Tesla and say Tesla is gonna crash and burn Again, Virgin Galactic which armored actually selling some of the his position a huge position in that company And then we carefully with our innovation actually dropping out about 12 13% Just in two weeks. So again the fact that those things are happening We can understand because the tech sector were one of the sectors that actually bounced by really really fast when we had Covet crash. So tech sector just didn't even just bounce but actually took a double bounce and went to the moon So a lot of those companies that are not kind of got in some that went public the valuation of this company Just went crazy. So this is kind of like a little correction just to tell people like hey guys There's still ground zero this thing. It's just been floating out there. Let's calm down and realize that this there's reality Just not just just floating around like that. So that is the reason why I think we're seeing this pull back Especially again in the tech sector because if you look in other sectors, they're pretty stable I looked at the defense about a sector with Bowen with radion with lucky Martin You're sitting pretty good. They're not hurting as much as the tech sector is hurting So you can actually see that so again a great opportunity for you to take a step back and look at your portfolio and say My really covered it might diversify enough in my portfolio so that you can give me some balance So again, we look at that diversification. You're thinking about tech companies. That's cool. You talk about maybe defense That's cool. We come out. Maybe financiers. That's cool. You're gonna be manufacturing. That's cool Maybe retail maybe airlines So if you can find one of those and can make you a solid portfolio, that would be a good way to go So again, this is an opportunity for you to take a step back again I'm really assess what you have and where you want to go and see how that can help you the tech sector again Guys is a winner. I'm heavy tech. I'm not even gonna just I'm not gonna apologize for it I love the tech industry. I love Innovations or when I see those companies coming up, I always like jump in and invest in Strong good companies, but again at the same time you want to make sure that your long-term portfolio Each other to cover it so one way that you can actually help yourself if you don't want to pick those individual stocks guys And I've talked about is a lot on the channel is for you to invest in ETFs that does that coverage for you so you can find an ETF that covers maybe Manufacturing an ETF that covers tech and ETF that covers maybe Airlines so find those different ETFs and then you buy four or five ETFs and you're covered in the entire sector so that when the prices Plumb it like this in one sector those other sectors stay sustainable So that's another way that you could be thinking them and going about it So let me know in the comment section what you guys think about this news Do you think oh that doesn't really matter? Tesla is gonna be Tesla and do what Tesla does best or you think like boy if Tesla is crashing The entire market is coming with it. Let me know in the comment section if you're new to the channel We took about how to earn money how to save money how to invest and build wealth So that's something that interests you go ahead and hit that subscribe button and a notification bell So you don't miss out on new content also guys if you're looking to get started with investing We both is our broker of choice links in the description if you sign up and deposit hundred dollars You get some free stocks and as always guys do your due diligence. Don't be a greedy savage and stay motivated