 What's up guys? It's Harry here in this podcast We're gonna talk about the general markets world events and also share some trading stories. So I hope you guys listen up I hope you guys enjoy it. It's definitely going to be a good one Go on guys, we're back with another episode of the after-hours podcast We have recurring guest Alex back on man So I guess we're kind of in fashion that we've been doing we've just been discussing the markets overall large caps and small caps So we'll kind of just dive into that. So kind of lay the outs What have you been noticing with the large cap market overall indexed all that stuff? Yeah, so It's crazy right now because the market is like the market is so Random I would say right now and I think the statistic out there is that this is the you know The most drawdown that the market has had in like the last 40 years, right? So essentially it's like we're trading the hardest market in 40 years So what I've noticed about the overall markets is a lot of people are still uncertain, right? So the market moves in, you know confidence, right? So for example when COVID happened, it was the most uncertainty ever because we didn't know if the entire world was gonna end You know when the financial crisis happened it was uncertainty because we didn't know if the whole financial system was gonna end and Whenever the market digested that news and started to realize that hey the world is not ending There's gonna be a cure. There's gonna be this. There's gonna be that the market started shrugging off bad news So what we've been seeing in this market is not that right now. We're not seeing the market shrug off bad news We're seeing the market, you know tank on bad news. So until the market starts to Digest this news whether it be inflation whether it be interest rates whether it be war in Ukraine which is insane because the United States is pretty much funding it and You know war is its own economy So as bad as war is for the world, it is great for business Especially from a country like the United States that loves exporting weapons, right? It's a great business for them So it's kind of a crazy place right now. A lot of stocks are still getting destroyed a lot of stocks are still getting clobbered, you know just recently we had the bedbath and beyond move that went from 5 to 30 and then back down to 8 CFO killed himself like it's crazy right now, bro So the market is even though we're in a bear market even though it's the hardest market There's still opportunities to be making money. It's just not easy Yeah, I feel like the consensus right now is that a lot of there are some major names that have bottomed And like but it's weird because I think a lot of people feel those names have bottom But also like the index and like all that stuff like has not yet or whatever And so it's a lot of like it's kind of a lot of guessing right now And it's like the middle of the range. We had the all-time lows of the short-term lows that happen We had a major major bounce I think it was like 10 or 20 percent in like three weeks and now we're back in the middle So based on where we're at in the middle It's gonna take a catalyst to move it up or down and that house is probably gonna be the upcoming inflation number Which I think it might be this week or it might be next week But there's an upcoming inflation number coming on depending on that data of what's gonna happen That is going to dictate which side of the range we're gonna go on the top or the bottom But the reality is guys like if you're staying alive in this market You're probably doing pretty good if you're making money in this market You're doing really good and if you're making a lot of money then There's really nothing to worry about because if you could survive the hardest market in 40 years You'll be able to survive the next 40 years trading. You know, yeah, that's why I remind myself I Think a lot of people right now like I get a lot of questions from like kids I went to like high school with or just grew up with and people asking a lot about like portfolio management Like how to build a portfolio because I feel like for the last couple years a lot of people were almost afraid of the market because Prices were high. I know that sounds crazy But like when you looked at Amazon trading at like $2,000 a share or Apple like a couple hundred four hundred bucks Whatever, I think it's scary because most people don't make enough money They're like, I'm not gonna buy one share of Apple one share of Amazon But now that done reverse splits the market has come way down I think there's a lot of opportunity And you know for you guys like do you find yourself antsy to kind of get in now or more so like Get ready to get involved or is it hard for you to kind of look at that now while things are so uncertain So I have a funny story. I'm gonna I'm gonna explain two things real quick. So number one is I want to what I learned very early on is that two ways to make money in america I don't know if it's the same in canada Same in canada but with america Two ways to make the most amount of money in america is real estate and the stock market That's all I learned. It's very simple real estate and the stock market Okay, so stocks are going down right now valuations are that like historic lows So I've been dipping my toes in long-term, you know equities and you know I'm not buying anything like zoom or moderna or shit that like made a parabolic move and came back down I want to buy the biggest companies and roll the companies that I use every day like apple like amazon And like, you know, uh, google stuff like that. So I want to put my money there. It may not grow at 80% a year You know five 10% a year. Okay, no problem Now what I'm doing now is the interest rates are up Real estate is starting to come down. It started to be a buyer's market instead of a seller's market So I'm trying to stockpile as much cash as I can to be able to capitalize on the opportunities coming into real estate In the next, you know, three to six months Additionally, what I did is this is where the funny story is Additionally, I put like some money aside in like venture capital funds. So like it's pretty much like the shark tank stuff So you set let's say 100k aside and they'll put, you know, 10k or 5k into 10 or 20 different businesses 99% of them are going to fail and the one that doesn't fail and ipos and whatever you get to make all your money back Plus four So I checked my venture capital account yesterday And I looked at it and I almost I almost spit my drink out because I saw that The profit on that account was 16.5 million dollars on my account and I was like, what the fuck? Where's the withdrawal button, bro? I want to fucking take this money on the seat I emailed them. I'm like, hey, I'm trying to withdraw this money. Where the fuck is it? I'm like, oh, sorry. This is an error That's a big mistake I was like, bro, I'm fucking retired dude. So like in reality, it's nowhere near that. It's probably nothing near that But when I started I think I should bro. This venture is the real deal. So I was freaking out yesterday because I was like, god damn, like that's it, bro I'll see you guys on island, you know It's like mr. Tamez. You actually invested in the ring doorbell. I'm trying. I'm trying to hit that wood draw button Not let me I'm the idiot, bro. Even I'm like, where the fuck's my money in reality? Sorry, that was like a there's like a two second glitch where like, uh, they added like an extra couple zeroes in there, you know That's yeah You're actually at 160,000. Yeah, they're like you made 150 times your money in six months So fuck is better than meme stock Do you have any advice for people? Um, so I actually had a client yesterday. He came in he's a younger kid He's like in his 20s and he said that he got a little bit of an inheritance or something like that He got gifted 70 grand, right? And and he asked me kind of what what he was what my opinion on was what to do with that money was You know, but he was very focused on the idea that he's gonna find the next fucking amazon He's he's so focused that he's gonna find that crazy the moderna growth You know some the zoom grow everything that went crazy during the pandemic Do you how realistic do you even think that is nowadays for someone? Like do you think that gamble is so hard to find that stock in times like this especially I think it doesn't i'm saying zero percent zero percent chance. Yeah, I don't think it exists for like dude The smartest people in the world, right? I'm talking about the hedge funds billionaires probably trillionaires The saudi prince of fucking morocco or whatever the hell it is like these guys they hire Literally the smartest people in the world to do that job and the smartest people in the world can't figure it out So no regular dude is going to be able to figure it out and if he does It's probably going to be a lucky trade It's probably going to be a lucky stock and the next one that he tries to do is where he's going to lose always money Yeah, I mean the problem is that we became so used to seeing moves like with cryptocurrency for example like Seeing bitcoin go from like 2k to 70k And just thinking that that's realistic and you see how many millionaires or even I don't maybe a few billionaires have been Made in the last couple years just by crazy speculative stocks or crypto Yeah, the problem is if you don't sell bro, you can't lock it in that's problem. So a lot of these guys they didn't sell They're up. I don't know from they made You know a hundred thousand dollar investment is now eight million dollars and now that eight million is now You know 800,000 I mean, how can you sit there with bitcoin now? I mean at this point You're in at 70k and you didn't sell people are probably panicked and they're just they're Going to hold it until the day if it hits zero It's the same thing as the regular market, bro The regular it needs a catalyst right it needs some sort of reason to keep going up and In the past it was the inflation hedge everyone but thought that it was the inflation I even thought it was the inflation hedge until inflation came in crazy and this should start taking right yeah, so There needs to be a reason there needs to be a catalyst or needs to be something that says all right like uh The united states is now going to accept bitcoin as legal tender to pay your taxes I don't know some stupid shit They do that that gives it a catalyst. Okay. Now there's actual value, but the reality is that like I don't really know what's going to happen with these crypto stuffs because right now The government is doing everything that they can to keep the dollar strong And because they're doing that it might not be so good for some of these cryptos, you know Yeah, it's hard. I agree. I agree. And I think also with your friend who like had the money What I would recommend my friends do and this happened like a couple times where they got inheritance and stuff like that I said take five or six k and go on a really nice fucking vacation and take the rest of the money and just invest it You know and like smd 500 or wherever um Just stuff like that because like if you don't take a little bit of that money And like use it on yourself a little bit I feel because like all the time I feel like the regular advice is just invest every cent invest 100 percent invest 100 percent But then like I find like a lot of my friends like they'll end up like taking money like out of the investments Or they'll do stuff because they need it or they want it So I was like take like five or six grand go on a nice vacation and just invest the rest of the money That way you actually kind of like use the money for something like You know that like benefited you like it helped like your mental health You went on a vacation you had some fun and then you can say okay I went on a vacation with this money and now i'm not going to touch it and that way it doesn't like tempt you To like go in and be like oh well, it's been invested for two years now I'm going to take it out and I'm going to do something with it, you know At least you felt a little bit of the money And now you're able to kind of I find like it's a lot easier to let it sit if you've kind of like used it for for fun and shit like that Yeah, that makes sense. Did it whenever whenever people ask me a question like that to be honest I always send them that um There's like an article about remember the whole Warren Buffett debt with hedge funds where he was like You know the s&p index will make more money long term than you guys individual stock picking I always send people that shit because i'm like the reality is 99 of people It's all guessing, you know a lot of people pushing and stuff like this and it's you know If you can get involved in the I mean alex has told me a story a long time ago There was a trader he knew invested a lot of money just in the indexes And and that's all it takes, you know people get greedy, you know They think making a you know 5% on the index a year or even the good year is 10% or even a bad year If you're down 1% they're just greedy and they don't understand like oh, I want that 100x And it's very hard to do that in today's world It's the same thing with trading what we do small caps like Homer and trades don't happen every day. It might happen once a month or once every six months You don't know and it's it's just a greedy thing. It's not very easy Yeah, yeah, I mean I wish it was there every day, man I'd love to make money like that every single day, but the problem is the it's like you're going fishing bro Not every day are you gonna catch a shark, you know some days you're gonna catch a guppy some days you're gonna catch a boob, you know Fucking boob some days you're getting seaweed some days the shark is gonna pull you into the water and chop off your arm Do you do you guys think all this so that you're obviously what's going on in Europe right now with the energy crisis is A serious deal and I think a lot of people don't even recognize what's really happening over there Um, how do you guys think it's gonna affect over here? Or do you think it really will affect over here? And and if so kind of why not I mean honestly bro, I think it's really messed up. I think it's crazy, but The reason why this is happening is like it's pretty much all of it's it's not Russia Okay, how do I so this is all happening because of the war in russia and ukraine It's all happening the war in russia and ukraine and because When russia invaded ukraine all the countries united states europe Whatever Are all like, all right We're not buying russian oil anymore. We're not buying russian energy anymore. Fuck you guys. You guys are terrorists We're not gonna help you out Russia is like, okay Fuck you I'm just gonna raise the prices sell it to everyone else and you guys are all done So what russia's doing is they're selling their oil to china They're selling their oil to India and then india and china are marking it up and then they're selling it back to the us and europe so technically It's our fault that we sanctioned russia. I'm not saying if it's a good or bad decision It was the decision that the administration made to try to combat, you know the war Putin very smart guy said fuck you I'm just gonna raise the prices and destroy your economies and whether you like it or not You're gonna deal with it So I think this whole russia and ukraine thing is pretty much meant to destabilize You know the western economies. Yeah, and I think it's working because china and russia are partnered up They're just buying buying buying all the oil. They're selling it back to us for a premium They're selling it back to everyone else for a premium and now everyone is destroyed so The war I think Is actually a war between the us and russia to try to get that energy back And they're using ukraine as like a scapegoat Because there's no other reason to be setting tens of billions of dollars to ukraine unless it's our war So I think it's our war against russia to try to help stabilize the energy But you know, there's rumors that vladimir prugin has cancer and like he just doesn't give a fuck So like the reality is that like Whether it be our war whether it be put in's evil plan I think the administration has no clue what they're doing. I think that They're shot the hell and you know, no matter what they do I think this one's gonna go to a winner for us because you know, our administration is incompetent They would rather raise taxes and send that money to ukraine And help cover student debt Then fix a lot of the problems that are happening with supply chains and No, don't get me wrong fixing student debt is fine But not if you're gonna have to print money to cause more inflation to do it Not if you're gonna have to take the money out of the people that worked hard That actually paid back their debts to pay for other people's debts. It's just I don't I think this administration is so out of touch with reality And to be honest bro, whether you're left right up down This guy is not fit to run to be president and you know, we're seeing it happen in just two years Of how much this country has been destroyed and the worst part is we still got a lot of two years, bro Yeah, yeah, I I always recommend people do like a lot of like I don't want to say their own research But kind of I mean like really look into some of this stuff because especially with like the student loan forgiveness It was like I had a lot of friends telling me like oh, I'm gonna get this money And I'm like you do know like some not all some states are taxed on it Like that is income to you, you know, they're gonna that is income tax and all that and I feel like people In nowadays they really look in the short term and they don't look at like the long-term effects Like everyone loves free money, dude Fuck someone wants to send me a check a stimulus check for like 10 grand. I'll take it Yeah, bro. My stimulus check was lost in the mail Exactly right, but you know, if someone if I get it cool if I had it sweet But at the end of the day, I know long term It's just gonna affect us like down the road and I think people kind of forget like debt matters like the the debt of our country matters and it's really hard for us to like Continue to do all this stuff for people while printing money and without actually putting like actual like Things in place to help us going forward Yeah, the problem. It's it's just a whole big problem, bro. Because like the reality is that like Two more years of a bad Administration is really really bad because you don't know when the bleeding is gonna end Right. Everyone is dealing with higher gas prices Everyone is dealing with higher grocery prices Everyone is dealing with supply chain issues Everyone is dealing with all these same common problems And instead of trying to fix these problems The administration is focused on the wrong things. They're trying to buy votes through You know the student loan forgiveness They're trying to buy votes by being the heroes of the world by you know fighting the war in Ukraine Well, we got our own war here in America, bro It's the war of poverty and they should be fighting that And printing money for that instead of printing money to send missiles to Ukraine and that's just my opinion. Maybe People have other opinions. I think what what's happening. Ukraine is horrible. I think it's terrible But We're doing pretty horrible. I'm pretty bad here too, man. So I think we need help as well Yeah No, I agree with that. I remember my stimulus check It's just when you said that it was funny got lost in the mail because uh, You never said they should I never I never fucking got anything from Canada at least I I didn't apply for it. Anyway, because like Everyone I know now is having to pay it back. So all my friends like on their taxes had to pay it back So I was just like, you know, I fucked that I knew that that's what they were gonna do So I was like, do I want to take a loan out for like $2,500 from the government? Not really. So I never fucking did it. I remember I uh I went for a walk like it was just like with my mom during COVID Like we just wanted to kind of get out of the house because like everything was fucking closed in Canada Like everything was closed. So I was like, you know what? Let's go for a walk. Like trading day was done Let me go for a walk and everyone on my street. That's my age I'm not even fucking getting is at the mailbox and I was like, yo, like why is everyone at the mailbox? Like what the fuck's like I've never seen you guys ever check the mail in my fucking life And the mailbox is like two doors up like I would fucking like see them checking the mail and they're like Our stimulus checks are coming in and I was like, what the fuck? I was like, holy shit and the mail lady came I shit you not and just handed them their fucking checks Great fucking them in there I um, so I this is a quick funny story. I got a check in the mail and it was for like $2,000 or something like that during the COVID pandemic and I was like, what the fuck? I was like, well, I'm not going to complain about it. So I go cash it and like I go blow it on some dumb chicks I'm like, you know, thank god. I don't really need the money or anything But I'm like, I forget what I bought. I think I went to the mall and bought some like shoes clothes And then my own payment for a xi yeah, and then three weeks later I got a notice in the mail and it was just an accident It wasn't supposed to come to me and they basically were like on your tax return It just came off of my taxes and I had to pay it back and I was like Man, I thought I got like a quick little break there. I'm so excited. Yeah, that's where that opus one came from That was pissed. I was like, oh, it's great. But no, I mean, you know, thank god I do encourage people to really like Educate themselves on the stock market and like that's why I love like my investing club in general because we We're lucky I'm gonna knock on wood here and thank god everything like we are able to It's basically like an ATM machine to make our own paycheck while there are people out there who are struggling to Figure out how they're gonna afford their house's cars everything like we are able to come to market and make Think about someone like Stephen or travel mob, bro. He's been killing it, dude. Yeah, dude. He's been killing it He's just fucking floating around like he's everywhere He's dude travels all over the world And he just bangs out trades during the day and his trades are so clean and his risk management is really really good And it's like, dude, this guy's just like floating around life. I love it. You know, and it's it's cool man I mean, we're very blessed to be able to do what we do and you know, I know you guys have always been killing it And I know Alex had some pretty massive trades recently and it's like To be able to have this opportunity really is crazy. So I do think we're very lucky and it's good to Money to bear market in the hardest market in almost existence, right? It's the hardest market in our lifetime and we're making money So if we can make money in the hardest market in our lifetime And that's a really good side also one more thing that reminds you of this like tax shit is like some like most people In whatever industry you are in in 2021. It was a record year whether it be in real estate stocks manufacturing Sales whatever is 2021 was an amazing year. A lot of people paid a lot of tax in 2021 2022 a lot of people have no fucking money. So And no people are not making money So you have to assume that the tax revenue that's coming in in 2022 as well is going to be way Lower than last year, right? And the United States spends way over their budget. So it's not looking good, bro It's really not looking good for us. Yeah Yeah, that's a good point to be honest America is the worst money manager in like the universe, bro Yeah, and then after that it's fucking canada. I mean canada is pretty fucking bad. I mean It it's not it's I mean it is just the The economy here like like if you guys go to Burger King like Like do like is no one working there still? Yeah. Yeah, it's not it's not what it used to be Yeah, because like when I if I like I don't even go to like McDonald's or anything because I have to wait in line Like 20 30 minutes because they have no fucking employees Like they have no one working and the people that they do have working are high as shit behind the grill Like I buddy look at me. He's like And I went to a Dunkin Donuts it opens at 8 a.m. Which it used to open at 6 a.m. Now it opens at 8 a.m So I walk over there And it's just pitch black in there. I'm like, what the fuck and I just I wanted to see how long it took for someone to show up 30 minutes later someone shows up Like you said he's high as shit walks into the Dunkin's and I'm like I'll take a coffee and like six munchkins or whatever He gave me This dude was lost and I'm like this is the workforce right now But if you see in california, they just but they're gonna pay these people 22 bucks an hour And I'm like, bro, what the fuck? What is what are we doing? You know, it drives me insane It's like everywhere man. Everywhere's looking for help. We need it. We're we're busy as hell at the barbershops We need help but no one wants to work everyone's just And what are they fucking doing that's what I don't understand like where did these people fucking go? Yeah, I think people just lowered their standard of living because of coveted Like I have friends that just got so comfortable sitting at home playing video games They'll work the bare minimum. It's that whole quiet quitting concept. That's like very new but yeah Do the bare minimum to stay at your job and not get fired and then after that it's like Bucket like I maybe I have a hundred dollars my checking but I don't have to work Yeah, and the thing is bro like the thing I saw on you yesterday is like If people don't want to work It almost gives the people that do want to work an edge Because all you have to do is standard, right? If you just do the standard and the standard has now become like Overdoing your job. Yeah, because no one else is doing anything. So To be honest to be honest, I think that For hard-working people, this is the best time to work Because the competition is so small and if you just do a little bit to stand out You're gonna be moving up the ladder very fast Yeah, agreed. I think so too. And I think that I think through this at the end of the day Like as crappy as it is right now through this the economy will eventually Rebound and all those lazy people will kind of be left in the dust and they'll you know, it's it's like, you know In 2008 there was opportunity everywhere to get real estate stocks everything the people that were lazy They didn't get involved and they're probably still in the same position. They were back then so This is your chance, but Yeah, I mean stock power cash, bro That's what I've been telling everyone is stock power cash get some money ready. You don't know what the hell is gonna happen Maybe we're gonna go into world war. Who knows what's gonna happen, but yeah All I know is yeah, I don't mean to cut you off Um, did you see what Elon Musk said about twitter? Like I don't want to be going twitter into a world war That's some crazy shit, bro I I think musk is gonna be on the hook for this shit to be honest with you. I Really, I think it's gonna happen, bro. I think what's gonna happen is they're gonna go to court They're gonna reveal that the bots are not 5% It's probably like fucking 45 percent make the eye and to make sure that twitter doesn't get Find up the ass from irregular or improper scc files He's probably instead of paying 40 billion He's probably gonna pay like 28 billion and get the deal at a cheaper price because if twitter is caught with their pants down that their Bot number is not actually 5% Uh, then they're fucked. They're fucked and the stock is going to zero So they'll either take that money or the stock is going to zero That's I can't wait. I can't wait for the day twitter. Uh, you on buys twitter. I think you're not dumb, bro I guys The smartest man in the world for reason And I think that going to court is the only way that twitter will legally show How many bots are actually there because dude to be honest I use twitter. I've been using twitter for years and there's bots everywhere, dude. Yeah, everywhere bots everywhere But Twitter's brutal dude. I have like 6,000 followers or something right now I remember one time I made a post about masks as something like that I had like 900 comments flooded into my thing and I'm like they're all like Liberal liberal like yelling at me or something like I'm like, yeah, and most of these accounts bro are not real people There's a robot. So all these They wouldn't got one of these guys smoking, you know That's true, but and on youtube too. I mean like and and on youtube It's the worst because I always see them in the mi c comments and it's like We have like sexual bots in the other fucking sexual like they must be like following boughs out or some shit Just asking for a friend what videos it is on Yeah, they know the mi c fucking viewership half the guys. They know they know bow is gonna Yeah, Jesus. Well, I know we're kind of coming up on like the half hour mark around there a little longer, but Um, is there anything you guys kind of want to close with? Um, you know I think that's it man. I think that's it. I mean to be honest These podcasts are pretty good. They're pretty fun and we want we should probably ask the audience What what more what topics do you guys want to hear more about you guys want to hear more about overall markets? You guys want to hear more about tv shows you guys want to hear more about like, you know training what do you guys want to hear about we kind of want to have it as a you know, not so Not so concrete straight line type thing We just want to have it so that it's the most entertaining for you guys Maybe you guys learn something so maybe leave a comment and let us know what type of Topics you want us to talk about or maybe comment with a topic that you want us to talk about that way we could kind of Go off what you guys want to see Perfect. Yeah, I agree man. Yeah, that's awesome. Well, thanks everyone for watching and we'll see you for the next one