 Good afternoon everybody. Well, welcome to dedicated to financial literacy I'm the man Russell Moore Here to greet you here to meet you Well Today was interesting It's yeah, it's Tuesday it's the end of September and We got some issues with the stock market um S&P 500 down 90 about 90 points uh the dow 469 And nasdaq 500 I believe it's like five 563 573. I mean, uh If that isn't a sell-off, I don't know what is We're selling off gang I told you it was coming the correction was coming I know a lot of people said it was soon July august october But I said september we would be selling off And today it was led by the tech stocks And uh, a lot of it was triggered by because of the uh, the u.s. Treasury bond yields were up bonds were up When it whenever that 10-year treasury bond Start yield starts going up. That's usually not a good sign for equities for stocks And so What my encouragement is though hold on? By the dip It's I don't I I don't think it's over I don't think it's over by a long shot. I don't think this correction is over Now we may have a day or two where the market goes up But it's gonna There's pressure. There's pressure There's pressure This pressure if you look at the volumes S&P 500 There's pressure on it going down people are selling Um, I don't think to ever grade Uh I don't believe that issue is over. I don't care what china tells us. I don't care what that company is saying There's things that they're not telling us and we're all used to that with china So i'm telling you there's some things going on behind the scenes that it'll come out By monday of next week between now and monday It's going to come out some things that we did not know about that's going to affect the market in a great way So this sell-off it's not it is not over by far. All right, but what I what I want to encourage you Instead don't lose hope Remember, I always say this You don't lose money until you sell it Until you press that button to sell On that particular platform that you're on until you say sell you have not lost money This is where this is where this is where you separate the men from the boys And the women from the girls This is where you separate those that are that are just In it to try to make a quick buck or those that are truly And the market as investors and they know the market. They know what time it is And they still know how to make money in in a time like this You can still make money when the market is going down. In fact, I was I was talking to one of my investor friends that he was saying man, you know rustle We love it like this. We love it. Of course You don't want our economy to be doing bad. You don't anything like that, but the point was It doesn't matter what climate whether the market's going down or up. He's saying I make money both ways And I'm saying the same thing as well You have to learn to adjust And if your risk management If your risk management is strong, then you'll be good. You won't panic in a time like this I was already prepared I'm going to say that again. I was already prepared Anybody know the story of Noah and the ark? Before the big flood came And wiped out everything and everybody Noah was hammering and preparing an ark for his family He prepared an ark So that when the flood did come when the rains did pour He lived and he survived it Why because he prepared He looked at his risk management And he began to build the ark He began to prepare but build an ark and ark was so strong His ark that he built was so strong. It was able to withstand Everything that came against it And his his family him and his family survived. What's your ark looking like? Oh That reminds me Kathy we're pulling for you. Kathy would ark investment. I know they're getting hit hard right now But she said it she said Five years you got to give it five years I trust her I think she's a great woman. I think she's a great investor Um, but they are getting hit right now or her funds are getting hit particularly, uh, the innovation All of them are getting hit, but yeah It's been it's been a rough year But she said five years Don't get too excited when it's up. Don't get excited when it's down You got to wither that storm But but make sure your ark make sure you've prepared it And you prepared for times like this now that we're about to enter into what I think real soon A bear market now the bear market may not last long. I'm not sure Nobody knows But be prepared Don't move on emotion Don't just run and sell everything Now if all your my if all your finances is in the stock market, then yeah, you probably have a concern That's why you want to you want to divest you want to uh diversify You know right now me and my wife right now are in escrow Because we got it we got to diversify we got to get we have to have property and more properties And so, uh, this is just a pep talk This is just a pep talk an investment hack. I call it Hold on Have a wonderful day everybody