 Let's make sure we're coming out live. Hi everyone, this is Chicho. Welcome to my channel and welcome to another live stream. Today, today is December 27th, 2020. And we're doing an open discussion live stream on investing in personal finance. We've done a few of these. And the way slowly it's gonna start working out is we're gonna do sort of open discussion, talking about the macro and the micro and stuff like this and mainly on the macro level, right? And then I think we're gonna tag team it with looking at the markets and start introducing some of the ASMR mathematics stuff in there with looking at the stock market and return on a set and different types of markets, right? Aside from that, we're gonna continue doing what it is that we are doing. And as we wait for notifications to go out on Discord and Twitch just for people to roll in. I'm gonna give you guys my little intro. If you wanna know what this is about, I am on Patreon. Patreon.com forward slash Chicho, C-H-Y-C-H-O. I'm doing sort of these intros to these live streams before everyone starts rolling in. That way, we can get into the discussion right away. But if you wanna know what this work is about, Patreon is a great way to do so. If you wanna support this work, Patreon is a great way to do so. There's a bunch of people, a group of people that have been supporting this work through Patreon for a while now since I went on Patreon. And for those of you who've been supporting this work for this long, and who've put your sort of faith, trust and love into what I'm doing here, thank you very much for your support. It is in large part because of your support that we're able to do this. And without you, I'm not sure if we would've come as far as we have so far. So bottom of my heart, I thank you very much for that. And gang, as before, I don't put anything beyond paywalls. Everything's creative, common, share, share, like, follow the work. If you think this work deserves your support, support this work through Patreon. We have a lot in store for you for the next few years to come, right? We are live streaming on Twitch, twitch.tv for slash chico live, C-H-Y-C-H-O-L-I-V-E. If you wanna participate in that chat, Twitch is where you wanna be at, okay? And for those of you who've been supporting this work on Twitch, following, subscribing, liking, helping out with bits, redeeming points, participating in discussion, thank you very much for your support. And the mods on Twitch and on our Discord page, thank you very much for your support, L or God. How are you doing? Twitch sent, awesome, awesome, awesome. Thank you for the heads up. And I do announce these live streams 30 minutes before we go live on Parler, L.O.Mines, VKGab, and Twitter. And we do share additional content there. And we also have a Discord page and you can go to our Twitch channel anytime and type in exclamation mark social and all the links will pop up. And the last one there is the Discord link. There's a fair bit of people participating on our Discord channel, sharing information, getting into chill discussions and heated debates. It's a pretty good place to share information and work through some of the questions and some of the issues and some of the perspectives you have, right? And we have people from the full, not just two dimensional spectrum, but the full spectrum. And Discord also sent, awesome, thank you, L or God. I will be uploading the audio for this live stream to soundcloud.com or slash chicho, C-H-Y-C-H-O as a podcast. And it should be available on your favorite podcasting platform, including Spotify and iTunes. Shirtless Kylo, thank you very much for the tier one sub. And welcome to another live stream. Greetings, greetings. Plutorio, how are you doing? I'm doing well, thank you very much. I hope you're doing well. Emily, how is life? And we will be uploading this live stream to both Bichud and YouTube, right? Because I don't anticipate this discussion going anywhere where the YouTube sensors will knock us out and I'll try to make sure that we don't go in that direction. We'll keep those kinds of discussions on the politics. Current events live streams that we are not uploading to YouTube. So if you are watching this personal finance, investing in personal finance video on YouTube after the live stream and you're curious as to where our current events live streams are, they are only now being uploaded to Bichud. So if you wanna follow that work, you need to subscribe to Bichud. Ian Vendor, how are you doing? Happy Sunday to you as well. Happy Sunday to you as well. Life is fantastic, Emily says, awesome, awesome. Let's stay clean. Let's stay clean indeed. Cheryl, how are you doing? Hope you're doing well. Gang, I got my tea. I got no ice this time. Cornelian cherry liqueur on the rocks. Not on the rocks, neat, okay? So Cornelian cherry liqueur, neat. It's the one I put together about two years ago, three years ago, two years ago, two years ago, three years ago, and we're just finishing it off. Salud, it is nice, it is strong. I got a little bit of bread. This is like Persian flat bread, it's called sangyak. It's nice. It's just good as sort of a little crunch crunch, right? Toasted is fantastic. And I got some crab apple butter, homemade crab apple butter. The one you know, the one you know. This is a nice flavor. I hope you guys have good snacks. Sleepy waves, how are you doing? Yo, what's up, Chico? Doing good, brother. This is the last stream of, I guess this was a four stream set. So just enjoying it. This thing that I'm eating is his homemade crab apple butter. If you go to our, we have videos out of how to make crab apple butter. This is crab apples that we picked from a small town that we go to. We have friends there and there's festivals. We couldn't go to the festival this year, but this is from the previous year. Went to a festival and they have crab apple trees there. So we pick up a whole crab, whole bunch of crab apples on the way home and cook them up. I wasn't hungry a minute ago, I'm sorry. I'm shirtless kind though, Chico. Should I pour whiskey or wine? We're going chill tonight. I went hard yesterday. I'd say pour some wine. Pour some wine. I got my sipper going, right? Neat, Cornelian cherry liqueur, right? So just a sipper. Or go whiskey, but neat. No, no, no ice. Jason White is the title updated to today's stream. It should be personal finance, investing in personal finance. I hope so. Yeah, it is. Looks like it. And that's what I sort of want to focus on. And by the way, gang, let me take these guys down. First of all, if you want to get a macro, get a large-scale perspective of what's going on in the world on an economic front. I highly recommend following two economists, right? Or two people that understand the markets well. Okay, one of them is Michael Hudson. And the other is Martin Armstrong. They're on two different ends of the spectrum if you want to consider it to be two different ends of the spectrum, right? You need to be consuming both to have a bigger picture of what's taking place. Martin Armstrong is more on a political side to a certain degree, but he knows the markets well, right? Michael Hudson is more of the socialist side to a certain degree. And he knows the history extremely well. As does Martin Armstrong, okay? What do you think about Bitcoin hitting 28,500 today? Can anything stop it? It looks like it's not stopping. There's definitely things that could stop it, for sure. But we've talked about this. When it started coming back up again, I mentioned that it can do based on the chart. Like if you look at the chart of Bitcoin, it's a fractal of itself, right? So just looking at the chart, I mentioned that it was hovering around 18,000, 19,000, 20,000. And I mentioned that it can easily do a pump up to anywhere between 35,000 to 45,000, okay? And when it does the last, right? It will most likely, if the fractal remains, right? If the pattern remains, it should come back down to around 18,000 or so. And this is speculation, by the way. Don't take this by heart or don't bet your house on everything. It should come down to around 18,000 and stabilize and we'll see where it goes, right? And if it stabilizes the way it did between, and then maybe popped out to 15 and come back up again, do whatever it needs to do, right? And it might, and if it behaves the same way it did, go from going, hitting 20,000, coming down to 32,000, and then kicking back up to 60,000, going up, going up. And if it continues to do that, then the next plateau should be around the last peak and then another doubling, going up to 100,000 and stuff like that. If the fractal remains, right? If the pattern continues, what can stop it? A lot of things can stop it. Okay, regulation is one. Regulation can knock the crap out of it. Stopping the flow of just flooding the markets with currency. Like right now, we're at a time where zero interest rates or negative interest rates, right? If the central governments stop the taps, right? You should expect Bitcoin to drop dramatically, right? One of the reasons Bitcoin is doing a jump is because there's a trillions of dollars thrown into Wall Street and Wall Street is in the Bitcoin business now. So everybody's chasing growth. So they're taking all that money, taxpayer money and they're buying Bitcoin and they're putting on unbalanced sheets as they're calling an investment or whatever it is, but it's a collectible, right? Bitcoin now is no longer a currency, it is a collectible. It is a collectible that has certain uses, right? So many things can stop it. If they close the taps, you're gonna see Bitcoin crash hard just like every other market, okay? Spider-Man, how are you doing? We're talking about personal finance. Can we talk about the complete joke of a stimulus and how Trump pretended that he wanted 2,000 checks then immediately signed a 600 once the Republicans said no. Sneaky, sneaky, Spider-Man. I agree with the 2,000, but it should have been a 2,000 on a monthly basis, okay? Trump is Trump. Trump doesn't give a rat's ass about American citizens. Only his voting block to a degree, but not even, right? There's a core element, the money, right? Like, it should be obvious to people now that Trump is just another, you know, another of the same old, same old, right? He had the opportunity to do a lot of the things that he had promised people to do and people had hoped for him to do, but he didn't, right? One of the things for you to know that Trump was just another politician, another oligarch was when he got into office, right? He kept on trash talking stock market, saying the stock market doesn't reflect the blah, blah, blah, blah, blah, blah, right? And then when he got into office, he started chirping that, oh, the stock market is doing well, so the United States is doing well, but General Joe Blow wasn't doing well. Unemployment was down. There were some indicators, certain things were improving relative to the Obama times, but those numbers are fictitious as well, right? So Trump is, whatever Trump is, but Democrats are the same deal, right? $600, $600. Spider-Man, that's like spitting in the face of every single American citizen while the world laughs at you, right? That's the way the world sees what's going on in the United States. In Canada, I haven't gone through the money that Canadian government made available for Canadians, right? I didn't want to get into that system, right? But in Canada, every person got anywhere, was getting anywhere between, I don't know, like $1,400 to $2,000 a month, a month, right? Since the beginning of the lockdowns, right? Since the beginning of the pandemic. Holy shit, right? That's a huge difference, huge difference. Cheryl, wish I could have been a fly in that room, ha-ha, yeah. Jason White, how can you regurgitate it, though? Regulate it, though. They could ban it, straight out ban it. The U.S. government, like for example, and let me finish reading what you said, Jason, how can you regulate it, though? And honestly, it seems like the more government tried to ban it, the more valuable it becomes because it will be more rare. It's like when banning drugs, they just get more expensive. Well, I don't know about that, right? For example, a gram of weed, a gram of cannabis in Canada in the 1980s was $10, $10 to $15, right? Depending on what it was. In the 1980s, okay, before legalization came into play in Canada, let's say two years ago, right? It was a gram of cannabis was still $10 to $15, right? There was barely any inflation in cannabis, really, right? Now, should a gram of cannabis be, if you're buying individual grams, we're not talking about buying bulk, right? Should a gram of cannabis be worth $10? No, it's a weed. Everybody can grow it in their backyards, right? But when legalization comes in through the government's centralization of power, all of a sudden in the stores, right? Because now the government wants a piece of the pie. The real estate developer wants a piece of the pie. The regulators want a piece of the pie. The this department of the government wants a piece of the pie. There's people that want a piece of the pie, right? All of a sudden the gram of weed becomes more expensive, right? So not necessarily that if the government bans it, the price will go up and stuff like this. But here's a way they could regulate it. In Canada, right? Before the government got into the business of Bitcoin, of cryptocurrencies, you could just buy and sell and trade Bitcoin, right? But all of a sudden when all these exchanges came into play, if you wanted to open up an account of one of these exchanges to be able to trade, to be able to buy and sell Bitcoin, you had to give full disclosure, your name, your identity, where you could be contacted, your address, all the stuff, right? You had to give all this information to these exchanges to be able to buy and sell crypto, right? And then every node where you're converting crypto to fiat, that's being registered, right? If you stay in full crypto and you're not on an exchange, you got your anonymity, right? But if you're on an exchange, you're buying and selling crypto, there's an account of what you have. If centralized power comes in and says anybody that has crypto, the crypto will be confiscated or, and if you don't forfeit your crypto, exchange it, let's say the same thing they did with gold, right? Exchange it at $25 an ounce. Bitcoin, they'll say we'll exchange it for $1,000. $100, $10,000, I don't know what they'll do, right? They'll just say Bitcoin is now criminal to hold. And majority of people have gotten into this game, right? Because Bitcoin is, the control of the bitcoins are very centralized, right? It's not distributed out yet. It hasn't been around long enough for it to be distributed out, right? So there's a lot of individuals or institutions that hold a ton of bitcoins, right? So it's not in everybody's hands where people can freely exchange it for it to become a possible alternative way of trade, right? So it's become a collectible. So if they come out on outright say, you can't hold Bitcoin anymore, what are you gonna do with it? You gotta liquidate. You gotta get rid of it. There's a record of it, right? It's like when banning, yeah, no. And gang, don't forget. Free Assange, Free Assange, Free Assange. And Julian Assange is a publisher and journalist that is being crucified for trying to bring transparency and accountability of capital as power to humanity. For more information, please see our Julian Assange and WikiLeaks playlist. And I forgot to add the hashtag freeassange on there. I took it out. I changed the last sentence. I'll add it up next time. I have more toilet paper. How are you doing? Good afternoon from the future. Monday, political stream. You know, not current events, personal finance. Graham, Chico, should I buy a fractional amount of Bitcoin and see what happens? Nothing too crazy, but it sounds like a solid investment. Graham, it really depends. Like for example, look, here's a thing with Bitcoin, right? 10 years ago, you could have got 100 Bitcoin for a dollar. Like you could have got, like seriously, right? Bitcoin was pennies on a dollar, right? People were exchanging Bitcoin in spreadsheets, right? And then the price went to a dollar and people like, oh my God, dollar. And then went up to 30 people were freaking out. And then it collapsed down to three, right? And people went, oh, Bitcoin is done, right? And then from three went up to 100. And people were, oh, and then went out 150 and it collapsed down to 30 or something. So it does this thing, right? The kicker is this. If you got in 10 years ago from pennies on the dollar to 100, your return is enormous, right? As you know, you can just do the mathematics of it. Return on your investment is just off the charts, right? But right now, Bitcoin is trading, let's say 30,000, right? What is the potential of Bitcoin? 10 years from now, Bitcoin might be a million or it could be zero, right? Let's say, so right now is 30,000, right? So what's the multiple on it going to a million? Let's say maybe it goes up to 300,000, right? How long has it taken? Look at the time span. Basically, I would do this if anybody's thinking about and getting into Bitcoin. As long as you don't think they're gonna run regulations on you. Look at, and we put out a video on this. If you go on our personal finance playlist and we do have a personal finance playlist where I did one video where I was talking about fractals in markets, right? The timeframe. I think I called it timeframe of trading and stuff like this, right? So when you see action on something like Bitcoin or even stock market does this, collectibles do this, look at the pattern that you see in a short period of time and see if you can, and what you wanna look for is coming up, stabilizing peak drop, peak drop possible, right? And see if these, and then watch it drop again and then see if you see patterns, right? And if you see patterns, what you're gonna notice is the most of the payout is at the beginning, like the multiples, right? And then the next pattern may be over an extended period of time, right? So it goes from here to here, same pattern, but the return is one or magnitude less, right? And then the next wave could be longer as well, right? And again, one or magnitude less. So how long has it taken Bitcoin to go from, let's say at the bottom, 3,200 in this last wave, 3,200 to 28,000 right now or 30,000 right now? That's a 10-fold increase, right? So 10-fold increase, that was 32, I think that was like two years it took to do this, right? Now also consider that the 10-fold increase in two years, you could have also acquired in other stocks as well, other places as well, right? Look at Tesla, Tesla's done more than 10-fold in two years, I believe, right? So there are different places you can play as well. So this one took 10 years for it to occur, right? The next wave, let's say this goes up to 40,000, 45,000 comes back down to 20,000 or something like that stabilizes 15,000, maybe 25,000, whatever it is, right? The next wave of this might be four years and then a 10-fold, 10 times return, right? That's the way I'm looking at it, right? If it's money you need to live, I would not risk, right? Because your timeframe might not match Bitcoin's timeframe or any market that you're gonna go into timeframe, right? So don't gamble with your lunch money, okay? However, if you have excess money, it's not a bad idea to divest, diversify, right? Would I be buying Bitcoin right now at 28, 30? I wouldn't be, I wouldn't be personally because the price is too high for me right now, right? If I had a ton of money, like the way Wall Street just ended up getting it, right? Those trillions of dollars, just gang, gang, really appreciate what's moving the markets, right? Trillions of dollars of US taxpayer money in the United States specifically, US taxpayer money just went to Wall Street and they need to make it work for them, right? They got money, interest-free, basically interest-free to do as they wish. So what are they doing? They're not opening up factories and giving raises to their employees and doing a lot of R&D. They're not doing this stuff, right? They're buying back their own stock. They're gonna only buy back so much while the executives sell, right? They're also looking into other places to park their money so they can make a look good on the balance sheets. Now that Bitcoin is considered to be a legitimate form. They've classified it as, you know, if you're making gains on capital gains, I believe, right? In Canada, anyway, I believe, right? So if it's a form of asset, then people are these companies, these funds are buying Bitcoin and throwing on the asset, throwing on the books. Oh, look, we've had this much in games. Everything's just manipulation right now. So, you know, play whatever game you wanna play. Just make sure you understand what the game is. Process, hi guys, how and where to invest. How and where to invest, indeed. Or how to make money on stock. Stock market we're gonna start talking about. We've already did one video on stock market. I have toilet paper to share, I share. Let's sleep, ha ha. Okay, people talking to each other. Spider-Man, it's the same thing with how bottle water came about. Water should be a human right. Spider-Man, I 100% agree with you. Water should be a human right. Unfortunately, Wall Street wants to commodify water and they have to a certain degree, right? So, they're putting a price tag on water. If you wanna know how corrupt Wall Street is when you commodify everything in life, look at a documentary called, oh my God, it was a tip of my tongue. On Enron. Last person to leave it. There was a documentary on Enron, right? And watch that documentary. Oh, I forget what it's called. Anyway, it's a disaster, okay? Cheryl, we did, thanks. Even a little snow. Okay, people are talking together. I had 120 Bitcoin three years ago. I regret getting rid of it. Oh, it would have been over 3.5 million now. Do you have any tips on how to avoid those regretful thoughts? Jason, if you had 120 Bitcoins, if you believed full-heartedly in Bitcoin, right? In the concept of cryptocurrencies and the whole thing with crypto and blockchain technologies changed a little bit, right? I don't think Bitcoin is any longer true to its original source, right? I wrote an article on this a long time ago, right? However, one way you can avoid stepping out of the market, and this is what it's called, you stepped out of the market. If you wanted to stay in the market, maybe you should have only sold half of your holdings in crypto and Bitcoin, right? Maybe only sold 60 Bitcoins, right? Instead of 120, and then that way you would have still been in the game, right? And that is one of the fears. And it's a legitimate fear, legitimate problem when people are in a certain type of market. If you're in a market and the market does what the market does, it goes up, it comes down, it goes up, it comes down, right? Everything's cyclic, right? If you're in a market and you believe this is a legitimate market, it's not just a pump and dump, right? Then unless you're willing to step away from that market and realize that the market might leave you behind, then don't fully step out, right? That's one way you can avoid being burnt in this way. This is one of the things that happens in real estate and collectibles and cryptos and stocks and everything, right? No one says that you have to liquidate all your holdings in a certain market. You can liquidate some, take it off the table and diversify into other markets, right? That might be if your market, if what you're investing is really hot right now, the odds are there are certain markets, certain things that are pretty low right now. So it's not a bad idea to downsize this a little bit and kick this up a little bit, right? Everything is cyclic. There's a lot of message traffic on Bitcoin and some of my encrypted I follow, but it's all gibberish to me. Are ETF investment risk free? No, absolutely not. Exchange traded funds. I have toilet paper. We've just had McDonald's move from plastic straws to paper straws. Sounds like a small change, but it's pretty huge for the environment. I've been advising people to invest in biodegradable straw companies for years as the movement away from single use plastic has begun. I have more toilet paper for sure. There's going to be this disruptive innovation coming up and new industries popping up. It's not a bad idea to get a foothold on the bottom for these things. One of the ones I've been recommending are cannabis companies, right? Sleepy waves. Yo, I remember two years ago looking at the Bitcoin at 3,600 on this live stream. Wish I would have bought at least one. Yeah, sleepy waves. I remember someone came up to me then. I can't remember who it was because when Bitcoin went from, we've been doing Bitcoin anyway. When Bitcoin was sitting at like 20,000, right? I came out and said, I said, Kaiser has been covering, Max Kaiser has been covering Bitcoin for a while, right? And I said, you know what? Kaiser's pumping this thing, right? He should know that once an asset investment goes up 10 fold in such a short period of time because it went from like 2,000 to 20,000, pretty speedy Gonzales, right? Or 1,500 to 20,000, pretty speedy Gonzales, right? I said, he was telling people to buy. I was telling people to sell, right? I was like, man, get out, right? Like, if you're not happy with a 10 fold return, right? You don't have to pull out completely, but it's not a bad idea to sell and buy at a lower price. And then Bitcoin came down to 12,000 and I mentioned that my bottom for Bitcoin on that movement and that cycle was around 2,800. And someone came up when Bitcoin was around 3,435 and said, hey, Chico, you mentioned that, you know, 2,800 was your bottom. Do you think this is a good time to get in? I go, man, my bottom is 28. I think it went down to 32 or something, right? But I mentioned that when it's come down that much, this difference doesn't make a whole lot of difference, right? This much. If you want it to get in, it was a good time to get in, right? My recommendation right now, I can't give you guys recommendation. I've already mentioned that it might pop up and I mentioned this when it was trading into the teens, right? I mentioned that, you know, it might pop up to 40, 35 to 45,000, but once it does that, if you're not taking a little bit off the table at 45,000 or 40,000, right? And gang, free Assange, free Assange, free Assange. Julie Nassange is a publisher and journalist that has been crucified for trying to bring transparency and accountability of capitalist power to humanity. For more information, please see our Julie Nassange and WikiLeaks playlist. Sleep with Chicho, have you ever seen the documentary, Hyper-Normalization? The Ring's a bell, can't remember. Carlos, how are you doing? Chicho, what's up brother? Glad I finally caught a stream. Fela's Navidad, hope all is well, free Assange, free Assange. Sleep with us, do you think it will ever drop back to around 3500? Well, let go down to 3500, maybe on the way down permanently, maybe on the way down permanently. Then if that's happening, then it's a tradeable. It's just, you're flipping it. And could it, yeah. Merry Christmas in Spanish, ha ha. Fela's Navidad, Fela's Navidad, did I pronounce that right? I don't think I did. And with Merry Christmas, and a Happy New Year, and a Happy New Year. Love the all black, politics stream book. The Conan, see you guys, process, sweet dreams, or good morning, see what he's done, she showed us Spanish this week. Ha ha ha, sorry. Salute gang, salute. Homemade Cornelian cherry liqueur. Let's see if it'll focus. Well it's, well it's, well it's focused this close. I don't think so, man. I hope that's not making you guys dizzy. Neat morning, good morning process. Yeah, like sustainable is a good place to be, really. It's a good place to be. There is serious novel industries that are popping up on the market, right? We are going through some major shifts, transitions in the world. There are great investment opportunities, and there are some horrendous investment choices out there. Don't make the horrendous ones. You're gonna get burned hard. Or Bitcoin is connected to China. China outlawed them, banned them, all the exchanges. So all the exchanges had to move out of China. There is still, I'm assuming, a lot of Chinese that still own Bitcoin, but it's on the down low. I don't think China is going to allow Bitcoin to get a foothold. They're gonna try their hardest not to allow it to happen, right? If any, like no centralized power, no centralized bank government is gonna allow Bitcoin to get a foothold in their countries or globally. So there's still the possibility. They might come out and do a conversion and say, okay, all cryptos now, you have this like India saying everybody has to exchange these high denomination bills down to the new denomination or lower denomination. They could come out and say, all cryptos have to be converted. 98% of the cryptos are not even gonna be convertible, right? If not more. So there's gonna be a handful of cryptos that are gonna say possibly you can exchange it for this now digital currency that is controlled by centralized government. And that basically is the beginning stage of eliminating cash from the world economic system, which will be basically our final strong nail of us going completely totalitarian, which is devastating, right? That we should not allow that to happen. So there is a serious drawback to cryptos because it might have just been, you know, there's the possibility that blockchain, Bitcoin was a PSYOP, a centralized move by central banks to get people used to a digital currency, right? And then eliminate cash so they control everything, right? So be careful, it's blockchain technology for sure, legit. Awesome. But the way they're rolling out Bitcoin and these exchanges and the regulations around it is becoming problematic. And anybody that's just doing a pump and dump, be careful. Stupid way to show, is there anything companies you are becoming more valuable aside from Tesla or Bitcoin? I wouldn't put money in Tesla right now. I don't think, the only reason Tesla is shot up is because US government has conch, it's basically a military, Tesla is connected to SpaceX and stuff like this. But Monk, Alan Monk is basically an asset, Pentagon asset, right? So all it is is paper gains. There isn't really the essence there, right? Should Tesla be trading and what is it $650 after five or one split? No, Bitcoin possibly, I've mentioned cannabis companies, right? Stupid way to show, I freelance for an online education platform here in the States, but unfortunately they aren't a public company so I can't invest in them. You can invest in different types of education, right? And look, in the United States, we're about to see, in my opinion, we're about to see major austerity kick in, we're about to see major unemployment, we're about to see serious homelessness kick up, we're about to see more money go towards Wall Street, okay? They're serious, there's gonna be cutbacks in education, in healthcare and everything, right? I think the United States is about to go through austerity, right, be prepared for it. And I think in large part, a lot of the Western countries are about to go through austerity. Grow a forest, I bought $30 in Bitcoin 12 days ago, it's 41, fun experiments so far. Nice, how much did you pay to do the buy? How much did it cost you to do the trade or was it on an individual basis? Crip them, hey Chicho, what about psychotherapy, I think it's a good time to invest in that industry, psychotherapy, entheogens, is that what we're talking about? Crypto, entheogens, the rollout on approval on entheogens is gonna be, it's gonna take a long time, right? Like Oregon just legalized the use of psychedelic mushrooms for therapy, right? But there's so many hurdles because centralized power is putting all these hurdles in, right? Regulation and all this stuff. So it's really in its infancy, right? Cannabis, it is its infancy, but at the beginning, it's already gone through the first few hurdles, right? Now it's the growth period. So now with the growth, because the hype is already done, if you looked at cannabis stocks, the initial hype was insane, it was like the bot.com bubble, right? And then things crash now to 90, 95% drop, right? So, and that's a good time to buy into as long as the industry's gonna maintain, right? So for the long term, yeah, but it's gonna take a long time, man, long time. Probably Sean, Chico, what investment you think are stable? For what's your time period, Sean? What are stable and what's stable, right? Like if you're doing low-end investing where you're looking for huge gains, then those aren't gonna be stable to a certain degree because it could go a huge up, huge down, right? If you're looking somewhere where if there's a serious downturn, you might only lose 10, 15, 20% of your investment as opposed to gaining five, 10, 15, 20%. If you consider that to be stable, there's different markets there. And it really depends where you are, right? This has become very micro-based. There is macro investments you can make and micro investments you can make. Like people say, go into real estate, real estate where? Would I make a huge investment in real estate in New York City? Absolutely not. New York City is about to go belly up, right? Within reason, not belly up completely Detroit style, right? But New York City is about to go some serious hard times. Would I buy real estate in New York City? Absolutely not. There are funds, hedge funds, that are pulling out of New York and going to Florida. So is Florida a good place to buy real estate? Possibly, right? Possibly. So you have to really look at where you are and what your time frame is. Gratias. And you can just do low-end, right? You can do what you can invest in markets you know, right? For example, if you're working in an industry, right? Let's say you do whatever it is that you're doing, okay? If that's a viable industry, it's viable enough to hire you to pay you to work in that industry. And you think it's sustainable, then why not look into how you can invest in that industry if you really think it's a good place to be if you like it, right? Now that's not really diversifying too much, but that gives you the first taste of investing, right? Now don't stay 100% in that industry. Your work is in that industry and your investment in that industry. Because if that industry goes belly up, you're pretty much screwed, right? So if you've never done any type of investment, investing, you could look into the industry that you're most familiar with to start playing that market because there are multiple different markets in the world to understand your own abilities to trade, to invest, to understand the market. Fine-tune your skills and then take that knowledge that you acquired by playing around in the industry that you understand and apply it to other places, right? That's the way you should approach these things. Grakas, honestly, if any chatters want to make a big buck investing in crypto, might as well invest in Tesla and play the volatility. Yeah, I agree. And Tesla, I wouldn't go long right now. Like I wouldn't go long. Reno Mike, I can't wrap my head around the value of crypto. Like how you determine the value to show, the market determines the value, right? How much money, like the value of crypto is based on so many things right now, right? It's based on the flood, like how much money the taps are turned on by central power, right? Central governments right now are flooding the markets with money. Like just open up the tap, trillions and trillions, right? So there's free flowing money if you're one of their own, right? Me and you aren't, right? But if you're one of these connected to these people that are letting all this money loose, you get all this money, trillions of dollars, hundreds of billions of dollars, billions of dollars. What are you gonna do with it? I don't know, buy real estate? Crap, you can't, no, real estate is teeter totter especially commercial real estate, okay. And you already have enough commercial real estate. Housing market, yeah, it takes management fees, this. And maybe you already have enough housing market thanks to Obama when they flood the markets and Wall Street bought all of houses, right? So you're looking for places to park your money and get returns, right? So a huge part of it is how much money is coming in. The other part of it is stability of certain governments. Another part of it is international money flow, right? Another part of it for sure is if you wanna stay anonymous and it may be just huge to transfer a certain amount of money from here to here. Another one is just accessibility. It's easier for people right now to, let's say someone in the United States wants to transfer $1,000 from the United States to Africa, right? To a country in Africa. Well, sometimes it's cheaper and faster, not sometimes, it absolutely is cheaper and faster to do it through crypto, right? So this party over here can say, hey, where's my money? And this party say, okay, I'm gonna transfer you $1,000. Do you have a crypto exchange account or do you take crypto? This person says, yeah, I take crypto. They say, okay, this is how many bitcoins I have to transfer over to you for $1,000. Acceptable, acceptable, done, over. No intermediary, no banks, no exchange funds, no nothing. You just transfer the funds, done, right? So the market decides it, right? Once if there's more and more regulations from governments, they tighten up the control of money, try to strangle, hold the population, you're gonna see the value of crypto go through the roof, right? If they eliminate cash, you're gonna see the value of crypto go through the roof, right? There's a lot of people that are holding a lot of bitcoins, cryptos, that are working with centralized governments or promoting centralized governments or hoping that centralized governments eliminate cash, because that increases their value. Well, that goes 100% against the whole philosophy of why blockchain technology was there is to, blockchain technology was introduced to provide anonymity and freedom to individuals, right? Outside of regulations. If there's a whole bunch of people that hold Bitcoin and these cryptos that really want the government to get more control because they wanna cash out, they wanna be worth bazillions of dollars, then they're my enemy, right? Simple as that. So you have to make a decision on where you stand on principle. If you're just into making money, if you just wanna become extremely rich, man, there's so many different markets you could get into, so many different markets you couldn't get into, right? Like, for example, if I was working in Hollywood, sorry if I'm going off on a rants gang, I'm not catching up with the chat, but let me give you an example. Let's say I'm working for movie studios, right? Let's say I'm working on a film that they're shooting a movie based on a superhero character. Let's say either Marvel or DC character, right? I'm on this movie set, they're shooting this movie and I know what the storyline is. I know who the characters are, both the heroes and the villains, right? And I know maybe if there's gonna be a second part coming in, right? If I know who the main character of the movie is, the main focus, central hero is and the main antagonist is, right? Personally, if I was working on that movie studio, I would find out where they made their first appearance in the comic books and it would take thousands of dollars or whatever it took to buy a ton of the first appearance and the origin story and the death of that character and the story that is being told in the movie, right? I would buy those comic books, right? That's their first appearance. And when the news comes out that this is the story arc and stuff like this, you're gonna see the price of those comics shoot up, right? Then you can sell half of your holdings, right? As the value is going up. When the movie hits, if you think the movie is gonna be really, really good, hold on to some of it because the price will continue to go up. If you don't think the movie is gonna be very good, maybe you wanna liquidate all your assets, right? That's the way you complain the market associated with what you know, right? And gang, Free Assange, Free Assange, Free Assange, Julian Assange is a publisher and journalist that is being crucified for trying to bring transparency and accountability of capitalist power to humanity. For more information, please see our Julian Assange and WikiLeaks playlist. Slippery way, she showed, you're always mentioning cannabis stocks but there are so many companies. Do you have any recommendations for any you have been following over the last year? I mentioned some of them when I told people don't, held to God, thanks for the subscribe, brother. Don't buy into the ones that I said, but there was a couple I mentioned that I've already gone up like three, four, five fold, right? There's one of the companies that I mentioned that just merged with another company, they're both Canadian, they merged with another company, a cannabis company, one on the West Coast, one in Toronto, and they're more powerful now, right? I can't recommend stocks because my timeframe may be different than yours, my perspective may be different euros. I can just say the industry looks good. It's in its infancy, right? It's like asking me in the 1990s which technology companies would be good places to park your money in the early 2000s. You should do your research because if you're asking, you don't know, you know the industry you wanna get into but you don't know which one to get into and you just buy in based on a recommendation, right? And you ride the wave, let's say it goes up but you don't really understand the market, that industry, what that means is you won't know when to cash out, right? And that is the problem people have. So my advice is if you wanna get into an industry, do research, get into a market, do your research and see how everything's playing out. Yeah, always play what you know, I Brooker says. Indeed. Huckleberry, how are you doing? Sorry, I'm late, everyone. What did I miss? Personal finance discussion. Electric shepherd, 86, how are you doing? Evening, Chicho, I'm so financially economically illiterate. What would be your advice to someone like myself who would like to? My question to you is have you ever bought something at a really good price? Shepherd, electric shepherd? Like you must know something about a certain market. Like if you're a gamer, do you know if there's any games that have gone up in value or gone down in value? Collectibles. If you're in recreation, is there anything associated there? If you're in the film industry, if you're working on film, basically investing, personal finance is managing your money. The first thing you have to understand, gang, if you want financial independence, and this is what this is about, financial independence, irrelevant of what you wanna do in the world. If you wanna build hotels and have tons of real estate around the world, that's your understanding of what financial independence is. You have to reach that stage. If you wanna live in a modest home and read your books and have a family and just do your own thing and have your garden, that's your idea of what financial independence is. So financial independence is different for everyone as well, okay? But one thing you have to appreciate is you acquire knowledge about markets and investing with time because you have to live your life, right? But the best advice I can give you is make sure you're not over, you're not spending more than you're bringing in, right? Our current economic system is built on debt, okay? That's a major problem, by the way, has a serious problems associated with it. It was fine in Dandy when the debts were very small, right? But now that the debt is just over the top, it's unsustainable. That's why they're talking about the great reset and stuff like this, right? Bond's a bad place to be and whatnot, right? A lot of governments and counties and cities are bankrupt. They're selling their infrastructures to foreign lands and capital and stuff like this, just disaster, right? But one thing you should do for yourself, if you make $2,000 a month, let's say, right? Don't be spending $2,500 a month, okay? That's just on a regular basis every month, right? Every now and then you might have to spend $3,000. You earn a negative. You should have a little bit of savings. You should have a certain amount of investing, right? So personal finance, the first order of business is balance your books. Don't go into debt. Preferably build a little bit of surplus. Now, if you're building a little bit of surplus, you don't know what to do with this. Put it on the side, right? Put it on the side. Once your surplus reaches a level where you're like, okay, I have money there. I could take a vacation, you know, go party my ass off or something like that. That's fine and then you're acquiring experience, but a lot of people just function on that basis. And that's okay. That's their own life they want to do. They balance their books, they build a little surplus and whatever surplus they have, you know, they take a certain percentage of that and go vacation and stuff like this. And they hope that by the time they retire, they're gonna have enough money to retire on. And they're not investing this money. If you're not investing your money, you're foolish because just by saving, you will be bankrupt. You'll be homeless most likely. We've gone past the stage of just being able to in our, in a Western current economic system anyway, for now, and this is immediate, right? A year from now might change. We've moved away from, unless you're making mint coin, right? We moved away from a time where you can just park your money and be able to retire on interest gain from that and your bank account. You need to be able to invest that money. That's why we're seeing all this rising in assets, right? So, you know, I'm sort of dodging the question, where to start? The best place to start is look at your own finances, balance your budget, build up a surplus. Once you've built up a surplus, look into what you love, right? And then look into how you can invest in what you love, right? Love movies, right? Or games, a lot of people, we're on Twitch. A lot of people are gamers, right? If you like games, right? A lot of gamers build their own computers. So you're building computers. You know who's coming up with the best chips, best graphic cards, best computers, best whatever, right? So if the buzz in the gaming industry is, Nvidia has this graphic cards, which is phenomenal, or AMD has these chips, which are phenomenal, or whatever it is, right? Or this company's bringing out headsets and mics that are the best that no one can do anything about. And you buy this product and you think it's mom's apple pie, it's phenomenal, right? One place you can invest in or do your research and look into that company, is this company public? If it's public, look at what its share value is doing. If this is something brand new that I've introduced and their share value is flat like this, right? And they haven't even realized the initial gains on this new product that they're releasing and everybody's buying it, that means you got insider information, buy stocks in that company, try it out. You might lose everything, but don't put everything in it. Play around a little bit, get to know what the markets are. Really, invest in what you experience in your life and what you see, what you know, okay? Eye broker, my advice. Crypto is more like gambling than investing. I agree with brokers, just gambling. It still doesn't have proper intrinsic value. The intrinsic value is the anonymity and the freedom to trade, but that freedom has been slowly taken away. But the stock market is gambling as well, by the way. What's your take on real estate? It really depends on where the real estate, like I mentioned, I wouldn't be buying property in New York City. I wouldn't be buying property. Actually, Vancouver is a different story. There's a huge exodus out of Hong Kong right now and unfortunately for Canadians that first time buyers, apartments or houses or whatever they wanted to get, we might see a huge influx of Hong Kong residents, Hong Kong money coming into Vancouver and it's going into the UK. So UK and Vancouver and certain hubs where a lot of Hong Kong money moves to might see a huge increase in real estate prices, right? And New York will not be one of them, okay? So real estate depends and commercial real estate, get the hell out of commercial real estate, commercial real estate is about to do a major belly flop, right? Back in 2014, broker says I lost 100,000 euros in one night just because I didn't take my funds out of the, oh, Mount Gox, early crap, brother. Damn, the US government took all your bitcoins and they auctioned them off. Elder God, they take Bitcoin in the DW of course. I know nothing about this. Crypto doesn't have dynamic settings of value. That is why they depend on fiat indeed. Shit, I better buy some Batman comics. Five emotes shared, cool. Gifted shared rewards to five other chats, nice. Anonymous gifted Elder God a tier one sub, awesome. Thank you, anonymous. I appreciate it. I'd appreciate the gifted shared rewards to five other in chat, very nice. Sleep away, chichou. Don't worry, I'm planning on taking this as financial advice. I just, I almost said not taking this. I just want to begin to track some cannabis stocks. Look into Tilray, okay? Look into, Tilray just merged with another company in Toronto. So look into that as well, the news from that. And all you got to do, and then there's another one that's cannabis hemp cigarettes out of BC as well. Salut, gang. And all you got to do, by the way, sleepy waves, go into some financial websites, type in Tilray, right? And then there's Canopy, is interesting as well. They were one of, well, Canopy's having financial problems, I think. A lot of these things are functioning on a negative, by the way, right? They depend on money coming in. So be careful, right? If the tap stop, these things might do another serious dive, right? But it is an emerging industry. But one thing you can do is, if you're interested in a company, you find a company that is in the industry you're interested in, right? Do a search for the stock, look at it, and then look at the news attached to that. And read up on the news that's being released related to the company that you're looking up. And in those news releases, they will, not the official company news releases, but analysis news releases, they'll talk about their competitors, right? Or other companies in the same industry and start looking at those. That's how you go follow the branch, right? So just do it that way. Fire, flower, virtual aviation channel. Kebabs, how you doing? Chico, thoughts on buying Bitcoin in his current state? Should I buy now and hold or wait for a dip and buy then? Look, man, I'll say this. When it was in the high teens, I said that Bitcoin can do a serious major pop-up double. Go anywhere between 35 to 45,000, right? In a short period of time. It's doing that move right now. Does it still have legs? Yeah, it's got legs. Okay, but if you buy the 28,000, 30,000, it goes up to 40,000, right? That's a quarter. That's a third, 30% gain, right? Are you still gonna hold, wait for it to come, a 30% gain, you can play any market you want. So if you're looking for the long, long ass term, Kebabs, I can't tell people to buy and sell because if I say buy now, I might decide that it's a good time to sell tomorrow, but we're not doing a current immense live stream, right? I don't know who's buying or selling based on what I say, right? So let's say it's a great time to sell tomorrow or for the next week. And then three weeks from now, it's lower than what it is now. And then people pop up and say, oh, look, it went down. I go, well, shit, how come you didn't sell? Right, I know this because I used to give advice to people and I realized we all don't look at the same thing in the same way, right? And gang, free assange, free assange, free assange. Julian Assange is a publisher and journalist that is being crucified for trying to bring transparency and accountability of capitalist power to humanity. For more information, please see our Julian Assange and WikiLeaks playlist. Gang, I'm gonna scroll down. Oh, okay, cool. I'm not that far down. Evening, Joe Feline, Jews, how are you doing? Spartan 3004, seek professional advice indeed and be careful with that professional advice. A lot of the professional advice me and you are gonna receive are just gonna be low hanging, low people on the totem pole, right? They're, they get the last word. They're being told what the pump, right? But seek professional advice. A lot of banks will not charge you and they won't to talk to their financial advisors. Go to like three or four, go walk into a bank or a credit union and say, I wanna, I'm thinking about investing in the markets, in the stock market or starting a fund. And then they'll ask you some question. How, you know, what's your name and stuff? You can be anonymous to a certain degree. You can just say, look, I'm not comfortable telling you how much money I have or anything like this. I just wanna see what services you guys provide, right? And then they'll ask you, well, we need to know what your risk tolerance is and how much capital you have. You can say, my risk tolerance is medium or high. That means you can afford to be in fast moving things or your list tolerance is low. There's three levels really, low, medium and high, right? Choose your poison, right? Say it's high and let's say you have, you're looking to invest around $50,000 in this first wave of investment. Walk in, listen to these financial advisors. They'll ask you what your plan, what you envision yourself to be in the future, 20 years from now, what your goals are, what your expenses are, how much income you're bringing in. They'll start asking this stuff. Anything you're not comfortable in answering, don't answer them. And just say, look, I'm living a comfortable life. Okay, you can say your own property, you don't own property up to you. You can put a value on it. Walk in with a plan, right? And start talking to these financial advisors. For the first one you get into, you won't know anything. You won't know too much. And they'll probably be able to know that you don't know too much, right? But because they're not 100% sure and they're looking to get your money, keep that in mind, they want you to put money with them, right? Because they get money. Income, right? So they'll go, okay, they can't read this. So the initial person might pass you down to a lower level person. That's fine. Learn from that exchange of information, right? Fine tune your skills for the next bank you go talk to, right? And then walk in, now you're better prepared. It's like going to an interview. Do it again, do it again. There's tons of banks in most cities. Go do it again. And then there's private investment companies. Do it again, do it again, do it again, do it again. That's like going to school and learning terminology, learning how the game is played. That's your education. So when you're balancing your budget, making sure you're not spending more than you're bringing in and you're building a little bit of capital on the side, treat yourself to a lunch when you go out to eat, right? Go have a lunch, make it a day or make it an afternoon with someone, your partner by yourself or with a friend or whatever, right? That's you spending money to get an education, right? You're not paying the school to do it, right? What you're investing is your time and you're spending money for a lunch and a drink and maybe a good time with a friend. Go there with a friend. Say, hey, there's two of you guys. You want to invest some money, come up with a plan and see where it goes, right? Don't be afraid to ask questions and seek information, okay? Prabhi, Sean, how does your research process look like or websites you recommend for investing in US cannabis industries? Right now I'm just looking in the stock market, right? What I do for the research, I basically look at a certain company, cannabis company that I know, right? And then I follow them, I look at their financials and I follow the news coming out on a certain company, right? So when I find a company, I don't go, and I don't buy now, right? No, right? Do a little research, follow that company for a while, listen to the news reports, right? Listen to what they're releasing, what the analysts are saying about that company. From there, you're gonna learn about the other companies. That's how you learn about an industry, right? And then all of a sudden, a little bit of time spent following a certain company on the stock market can get you a lot of information, a lot of information. Gratias, Ciccio, do you think there's an equity bubble with these, indeed, I think there's a bubble in everything. I think the stock market is a huge bubble. And by the way, gang, keep this in mind, right? You don't, when you go to invest somewhere, they'll say all of these first-time financial advisors, they're riding the wave up, right? Their main strategy is to make money with the stock price going up. Realize that you can also make money with the stock price going down, right? So you don't have to just make your money on the way up, which is what they're trying to get people to do. You can make it on the way down. You can go invest in certain funds where they're buying a certain stock on the stock market, right? And what they're doing is they're writing calls. So they don't expect the stock price to go up, right? But they're writing a derivative, which is called something calls, which is we'll get into later in future videos that we're gonna do, right? And what they're doing is they're writing the stuff off and they're scraping off anywhere between, it depends how they're managing it. If they're managing it well, they can scrape anywhere between five to 10% per year by doing this, right? And then the fund managers will take half of that cut or let's say the bank will take a third of that cut. The fund managers will take a third of that cut and they'll pass a third of that to you, which is you may end up making three to 4% gains per year, right? Electric Shepherd, thank you for your answer. Show my pleasure, my pleasure. I will definitely seek out that playlist, cool. My friend is coming to the UK from Hong Kong. Yeah, there's gonna be a lot of, there's hundreds of thousands of people gonna be pulling out of Hong Kong. Legendary Rob Boss, how are you doing? I mean, most any purchase is gambling, if you think about it. You're always taking a risk, no matter if you are investing in food from the grocery store or buying a car. Make educated purposes to mitigate and reduce risk, yeah. And gang, everybody gets burned. Everybody gets burned, I've been burned, you've been burned, right? Learn from your mistakes. Don't dwell on it, don't be afraid to put your feet in the water again, right? Everybody gets burned, just learn from it, right? Spartan, read the wealthy barber. Kebabs, all Gucci show, I'll take my 20K to the casino and put it on red, thanks. Maybe, remember if you put it on red, depending if it's old school roulette tables or the newer roulette tables introduced in the 80s, or I believe in the 80s, it either has one zero or two zeros. If it's got two zeros, your probability of winning is less. If it's got a one zero, your probability of winning is more, right? And your probability of winning is still less than the casino. Elder God, 10,000 K on Bitcoin, I really want to invest. Elder God, you should have gone in when I was telling you about it earlier. Hey, Chico, I don't catch too many streams, but I appreciate your positively in my YouTube's, my pleasure. Daking, ducking, staying, ducking, ducking, daking, staying, ducking. Again, free aside, free aside, free aside, Julien Assange is a publisher and journalist that is being crucified for trying to bring transparency and accountability of capitalist power to humanity. For more information, please see our Julien Assange and WikiLeaks playlist. R.S. Blundan. Is there any common wisdom on what percent to set up my 401K for? On what percent? I'm not sure what you mean by on what percent. Gracos, are these funds just collecting option premiums? Basically, yeah, yeah. They're letting, what they're doing is the stock price is doing this. Let's say stock is sitting at $20, right? They're writing calls on at $21, let's say. Let's say the beta for the stock is like zero, it doesn't move, right? It's just stable, right? Or whatever the beta value is, right? Let's say it doesn't move, okay? If it doesn't move, if you're writing a call at $21, right? Basically what you're doing is you're collecting the options premium. Let the calls expire and you grab it or sell the calls at some point if you want. And individuals can do this, right? Elder God. And some people just straddle the stocks, right? But I was holding for my second pub. Elder God says I know, but I was holding for my second pub. But that's frozen now. Oh no, is it crap? Shoot. Right now, maybe, maybe. But you gotta be quick on the trigger. Bread and apple, crab, apple, butter. And good snack. Good snack. Salute gang. And gang, there's a lot of stuff going on internationally, right? On the international markets with international, like the global economics right now is crazy. You have to have that perspective in mind with this, with these lockdowns, right? There's gonna be a serious collapse in a lot of different industries. When the dust settles in this, as long as we don't allow centralized power to take everything, right? We come out of this, if we're able to come out of this with more freedoms, you're gonna see a huge boom in the global economy, right? So you can position yourself to be in the right place. If centralized power and centralized banks eliminate cash and take away our freedoms and silence us and all this jazz, we're into some dark times. And we're gonna go into the dark times no matter what for the next one to two years. So adjust accordingly. Elder God, on my dark web visits, I come across BC as currency, Bitcoin as currency, yeah. Right? Unrightfully so. Like, if you're tech savvy, if you understand what fiat currency is, if you're to a certain degree self-employed or to a certain degree have a product that you can exchange with someone, product or service that you can exchange with someone without going through the banking institutions, a media area or governments or anything like this between a person and another individual and you both accept cryptocurrencies, why wouldn't you trade your services or your product with crypto? Why wouldn't you, right? Unless you're just holding crypto because it's gonna go up, Bitcoin's gonna go up. But if you're gonna buy something, right? The value, let's say value of Bitcoin is $30,000 right now, which it is almost, right? So Bitcoin is $30,000. You wanna buy something of $30,000. Now you have the choice to send $30,000 to this individual in fiat currency or $30,000 in Bitcoin to this individual. Right? Doesn't matter to you which one you do to a certain degree. If you can write off either fully or partially the $30,000 amount that you're sending to buy this product or service from this individual on your books, right? If you have a company or individually, if you can write that off against your income, right? Then you're getting a discount on that $30,000 because that, by writing that off, that kicks you down into a lower tax bracket and you can write the $30,000 off of your income or your capital gains and not pay tax on that. So you probably get back if you do it properly at least 10 to $15,000 from that $30,000, right? Or five to $15,000, right? So this $30,000 service or product is not costing you $30,000, it's costing you anywhere between $15,000 to $25,000, right? If you do it with Bitcoin without going through exchanges, you're doing it directly, then you can't write that off. So everything has its disadvantages. On the other hand, if you can't write that off, the $30,000 and with the fiat currency, you're just gonna be spending the $30,000, right? And if you have Bitcoin and you think Bitcoin is at a peak right now, it's gonna drop, right? And this Bitcoin is not on the books and you can directly send that over to this individual to receive the service or product. And if Bitcoin is at $30,000 and you think it's gonna stop there and come down, then why wouldn't you do the Bitcoin? It's off the books. All of a sudden you have $30,000 asset that increases your wealth, but it's off the books, right? It's private, right? You have anonymity for that asset. And if Bitcoin ends up dropping, you still have $30,000 where you can buy back in. Let's say it goes down to $18,000. Now you can buy back into Bitcoin. Ooh, now you sort of did the same thing that you would have done with the cash writing off against taxes, but instead of writing off, you're getting gains, right? So it really depends on how you wanna play the market, okay? That's why personal finance is so personal. Gracious, am I pronouncing this right? Gracious, I'm too afraid of being blown out by making calls. Yeah, you could get blown out, but here's the thing. Look, I wouldn't recommend writing, making any short naked shorts, right? Or naked calls, naked puts, right? If you wanna write a call, make sure you have that stock. Write it against stocks that you have. Don't, unless you're big time player and you have the asset. If you're doing naked buys and sells, that's huge risk. By the way, gang, thank you for the follows. Thank you for the subs. Apologies if I'm not mentioning them as they are coming in, but I sort of trying to stay focused on what I'm saying says it can't, I just wanna make sure I'm answering people correctly, right? All along my trust for my government has decreased so much that going deep is almost a preferred choice, yeah. And by the way, gang, if you live in a country where you actually, I don't care where you live, if you actually have faith in this economic system in the Western world anyway that we live under, you're confused, right? There is, there has been major turmoil taking place, but this is not going to stabilize. It's, there's a lot of things happening, right? No, I mean, right now, like for example, in a lot of Western countries, the citizens of those countries are being paid, right? To stay home, to not go to work, which is, you know, if the government tells you you can't go to work, they better cover you, right? I don't know what's going on in the United States, like they're not, I mean, that's crazy, but if they're preventing you from earning an income, then they have an obligation to make sure you're covered, but make sure you don't stay in this state. You don't want to be dependent on a centralized government for your life. That's a very dangerous place that you're putting yourself and your family in, right? So I mentioned this to a lot of people when this whole thing came about, and people said, oh, you know, I make more money now than I did when I was working because, you know, depending on not in the United States, but in Canada and other parts of the world, oh, this is great, I'm just staying at home playing video games and doing this and doing this and doing this, I said, look, Matt, if you're taking this money and you're not retraining yourself, you're not reinvesting in yourself, right? If you don't realize that this thing's not gonna continue the way it is right now, and if it does, your money's gonna be devalued and you're gonna be coming relevant, if you're not taking that money and educating yourself and learning about new things, you're being foolish, okay? Oh my God, capitalism in the UK must be dying the way people are trying to amass funds at the moment. Yeah, people are scared, Epstein, how are you doing? Hope you're doing well. Remember, we're doing personal finance. We keep politics in politics streams, right? Politics. Please keep politics and other heavy subjects to their respective streams, even though investing in personal finance is heavy to a certain degree, but you shouldn't treat it as being heavy. You should treat it as being just an aspect of life that is important that you need to know. Hey, I like money. Ha ha ha, Epstein, I bet you do. I bet you do. Crab apple butter, homemade. And one of the best investments you can make is eat well, eat healthy, so tart. Thank you very much for the follows, guy. I was in politics, it was a related field. It was indeed a funny, funny. What are you guys investing in, by the way? What are you guys investing in? I've had students that have been gamers, right? And when I talk to them, and I talk to their parents and stuff, and their parents, when the stock market, they're going all this, this, this, I go look, man. You guys should listen to your kids if they're gamers, because some of the best investments that could have been made in the stock market would have been in gaming companies. Not necessarily because of gaming, but because of the chips that they were selling for crypto because they were fast, right? So a lot of parents were like trusting investment, investment advisors, instead of their kids, watching what their kids are buying. All right, that's one of the best things you can do. Just look around to see who's consuming what. A flying kiwi, hmm, you're exactly right, Yucho. I'm not sure what I'm right about, but good, I hope. But take it with a grain of salt. No investments, gang? What are you guys investing in? Oh my God, I can take myself out of any situation, but also right into the situation. I'm looking at investing in a platform. Aha, yeah, and there's going to be alternate platforms popping up, right? Question is, how do I invest in those? Hmm, flying kiwi, you mean about the gaming thing? Yeah, I have some money that way. Yeah, really, like I've tutored a lot of gamers in my life, and man, they're on top of it. What's the newest chips coming out? The graphics cards coming out. Which company is putting out the best product? Who's buying what? Like, if you're a gamer and you're seeing all this, do you have some allowance money sitting on the side? Have a talk with your parents. Hey, mom, dad, you guys are paying a lot of money for these investment advisors to manage your money, but I'm seeing some of the most important new tech hitting the markets, and I know what people are consuming. So why don't you take a small percentage of that money that you're putting into the bank and giving it to these financial advisors that are taking a MIR or MER, whatever percent, they're only giving you 1% or whatever it is. Why don't you open up a little account, put a little bit of money in there. I'll tell you which companies are doing really well right now, and we can sit down together and take a look at these companies and listen to their quarterly reports and read their financials. I'll learn mathematics. I'll learn about economics and investing. You guys might get ideas on where you can put your money. And if that company does well, I want to kick back. Right? How about a 10% kickback? Your parents might go, oh actually, you should say 20%, right? Your parents might go 20% kickback. You say, yeah, because you know, you're educating me and this is a lesson for me. And they go, oh, I don't know about that. Or they might say, okay, right? If they say no, maybe you can get them down to 10%, right? Or they'll get you down to 10%. Take whatever, doesn't make a difference. It's a learning process. Once you get them hooked, once you get them hooked, let's say you find one company or two companies that do well. Your parents are like, yeah, this is great. Our son's daughter, our family's genius, right? And then they come out and say, okay, we got these ones. What else you got? Now you can renegotiate, right? If they said they talk you down to 10%, you're only making 10% on their profit, right? 10%, so if they invest $1,000, they make $2,000, 10% of the gains is $100, you get $100, right? You might renegotiate and say, listen, that was a lot of work for my end. It's not worth it for me for just 10%. I want 30% now, just like ice cream salespeople, right? An ice cream man in general gets around 30, a third of what they sell they keep, right? I know this because I was an ice cream man at one point in my life, right? So you could just say 30%. If they say no, you can say it's okay. I'm not interested. But if they're hooked, they'll say, okay, money stays in the family, better in the family than in the bank, right? Prabhi, Sean, Chicho, I think you should make an investing channel in Discord. This is investing channel, isn't this? Personal finance? I don't know. I thought that's what I was doing, Prabhi, Sean. Oh, on Discord, I thought you said Twitch for a second. Investing, we have personal finance channel, don't we? Elder God, I think so. But we could make an investing one as well and people can recommend stocks and whatnot. If you remind us, Prabhi, I'll do it or one of us will do it, one of the mods will do it. Gratias, Chicho, what book would you recommend for a new investor? I haven't read any books on investing. All of my experience, all of my knowledge is through experience. I've learned through doing, not through reading, in regards to investing anyway. Not true, not books anyway. I've read a lot of articles, analysis, quarterly reports from, like this is like 20 years ago I got into this, 22 years ago I got into this, right? Quarterly reports from the financials of companies and stuff, I have to relearn all that stuff, right? But this is the way I would recommend. Follow a handful of stocks, five stocks, right? Follow five stocks, read their news, their news release says, the company's news release, listen to their quarterly reports or their yearly reports, you can tune in and listen to them live, right? Do that, listen to the Q and A, very important, listen to, read the analysts reports and look at their competition. You will learn more about trading and the markets doing that than you would learn in reading a book, right? And do, and if you think, oh, this company's undervalued, don't, if you don't know how to do it, don't buy the stock, but make a little note for yourself or hopefully you know how to use a spreadsheet. By the way, spreadsheet is a must. If you're going into investing and you don't know how to use a spreadsheet, stop. Learn how to use a spreadsheet before you do anything else, right? Like those people that don't even know how to use a spreadsheet that think they can invest. How can you invest if you don't know how to use a spreadsheet? Like, really? But make a spreadsheet and say, okay, this stock I would have bought at this time at this price. And then check back a month, two months, three months, a year, if you're gonna follow it for a while, see how you would have done. If you're doing well in all five, do what you're doing, you're doing well, right? And when you have the money, do it for real. I want to destroy Facebook, Alderaan says. I want to dig up MySpace from the, oh, MySpace. I wish MySpace was still around. It is still around, but I wish MySpace was what people were using instead of Facebook. MySpace was way more free speech, anonymity and all that jazz. A flying kiwi, there doesn't seem to be an investing personal finance channel. Oh, there isn't, there's economics. Okay, a flying kiwi will create one. We'll put it in heavy folder. Just put a reminder for me or for us on Discord and I will make one. We have an economics one or an economy one, but not an investing personal finance. We do. And gang, we have a Discord page if you're curious. Discord. And you can reach our Discord page through that. You can go to our Twitch channel anytime in the chat and type an exclamation mark. Discord and the link will pop up and it is on the page as well, the bottom of our main page. And people are having a nice discussion. Weedrum, hello, hello, how are you doing? Unfortunately, I can't read Farsi. I know, I used to be able to but I forgot. Kaafmet Mika, I have 90% of my money in crypto and 5% of physical gold. Like 80% Bitcoin and 20% altcoins, okay? I would diversify, I tell you the truth, right? I would, it depends like how much it is. If 95% of your money is what you've been able to save up for a month, that's okay. If 95% of your money is all your savings you've accumulated over the last 20 years, you should diversify. If it's only taking you a month to put all your money into this, that's okay. You can do that again next month, right? But I would diversify. And there's nothing stopping you from taking money off the table and putting it back in again, right? So, but just, if you like the market, you don't have to go all out. You can just stay partially in, right? Intrepid, how are you doing it, Chichou? How's things, my friend? Doing well, brother, I hope you're doing well. How goes everything? Are you out yet or are you still serving? If I remember, you're a military, right? How's the drumming going, by the way? You were drumming, weren't you? I hope things are going well with you, brother. I hope things are going well. Crazy times indeed. Crab apple butter, more crab apple butter. I hope you're snacking well, gang. I hope you're snacking well. Salud, nice and tart, nice and tart, nice and tart. We're almost coming up two hours, gang. Fun stream, way chiller than yesterday's stream. Yesterday went hard with current events, right? Especially since we know we're gonna upload that to YouTube. We're gonna let loose a little bit, but I think I'm gonna take it easy a little bit from next time. And gang, don't forget, free Assange, free Assange, free Assange. Julian Assange is a publisher and journalist. There's been crucified for trying to bring transparency and accountability of capitalist power to humanity. For more information, please see our Julian Assange and WikiLeaks playlist. Sub, sub, sub, oh, which sub? Heavy folder, what? Is that what we're talking about? I don't know, and by the way, gang, we do have a personal finance and investing playlist on YouTube and we've loaded a lot of those videos up on BitShoot as well. And we do have a cryptocurrency playlist on YouTube and we've loaded a lot of those videos on BitShoot as well. And they are really good videos on there. Okay, Epstein, I don't really know I should invest or pay my student loans. It's about 12,000K. What do? If your student loans, I'm assuming you're paying very, very low interest, right? It really depends on what your interest is on those student loans, what your minimum payment is on those student loans. And if you don't pay off the student loans, then what are you doing with your money? If you're blowing your money, right? Partying your ass off, you're not investing that money to be get money, then sure, start paying off your student loan, get out of debt, right? Because at some point interest rates are gonna go through the roof, right? But if you're taking that money and getting a higher return on the investment than you would have paid interest on the student loan, then keep that going, right? Intrepid, wow, that was quite some time ago, ha ha. But no, I never ended up going in. I'm an iron worker now with my old man and brother, nice. Got to get up for work in about three hours, three hours. Dude, go to sleep, what are you doing up? Go to sleep, go to sleep. We're almost ending the stream as well, Intrepid. And tell you the truth, I'm glad you didn't go in, brother. I'm glad you didn't go in, okay. I've seen, I'm paying 80%, 80 per month right now. 80 per month, but that doesn't mean like, is that the bare minimum? So some people just pay the interest, right? Some people have student loans and all they do is just they're servicing the debt. So all they do every month, they just pay the interest. So that $12,000, which is crazy, right? So that $12,000 that they have in debt, right? Stays at $12,000 and every month they just pay $80 or whatever the interest is to service that debt. So that debt never goes down. So 20 years from now, whatever interest rates you're doing, you're gonna be paying more per interest and you're still gonna owe that money. Not the best way to manage your finances. You love the book Ready Player One, we watched a movie. I have never read the book. You must be a fascist, chicho. Chicho, you seem like someone familiar with permaculture. I grew, you're talking about food, yes? That insane. Oh my God, that movie was great. Design, how so? You must beef, I'm gonna say you must beef ascii, you must beef ascii. What do you mean permaculture, design? Funky, lunky. In what way? Like funky, lunky, it's really cool how they're making that game based off it. Are they making a game based off the book? That must be, I guess. I wanna do permaculture. Permaculture, permaculture is a set of design principles centered on whole systems thinking simultaneously, so holistically. Or directly utilizing the pattern, resilient features observed in natural ecosystems, yeah. I do look at everything through a holistic point of view for sure. Cheryl, permaculture is awesome. Cheryl, you know me. Do I know about permaculture? You found out about it on TikTok, funky, lunky. Really, is that what you found out about it, that's cool. At least parts, I know a little bit, not much. I have friends that do the design. Like, I'm lucky. I live in an area where working in harmony with nature is a big topic. Really, I know people who've designed their own homes who are using black water going through the system, they have ponds going, heating their water through compost, and I've seen some of these designs. It's pretty cool. Would you believe that half an acre lot could feed 200 families? Yeah, not everything. You couldn't feed them everything, right? Partially, you could feed a lot, right? You could, but then you would have to supplement the diet. I don't know, half an acre, but you could grow a lot of vegetables in half an acre. But you also need your protein. You also need other things, right? Cheryl, I'd have meant to say much more than you realize. Funky larky, yeah, love a lot. I don't know if I should invest in the land. Still skeptical, but it seems like a real cool idea. Rob. Ling. Liguni horny. I got into, I put like $50 into it, 30% profit. So far, earth through IO is pretty cool, pretty good. Really? They got the whole thing going? Intrepid. What would your advice be for a couple of wanting to get out of the parent's house in the next few years, but not knowing whether or not getting an apartment or something like that would be the best route? I get worried when it comes to renting and whatnot, because I want to make sure you can pay for all the necessities, but save at the same time. Here's the thing, Intrepid, there's nothing wrong. As long as you have a really good relationship with family and stuff like this, there's nothing wrong with moving out and renting a space and learning how that process works. So when you step away from the nest, when you rent a place, all of a sudden you learn, it's sort of an education process. Now make sure you're not going to go into a hole and if you need to, you can move back again. Make sure you have that deal going on because you might have not accounted for anything, but you can do it in waves, right? Do it in the waves, see how it works out. Maybe you have to downsize, maybe you can upsize, right? Saving is important for sure, but more important is investing. Make sure you know how to preserve, and before investing is preserving your capital, right? Don't blow your money, which is really just balancing the books. My advice would be, look into the markets, don't go overboard Intrepid. Don't, if you're going to move into an apartment, if you're going to first of all buy, look at the apartment, look into the monthly fees. Sometimes they can break you, right? But if you're going to rent some place, don't go extravagant right off the bat. Go slow, don't go rent a place or buy a place and buy a ton of furniture. That's one of the things that's a lot, buy tons of furniture. All of a sudden you got all these payments you have to make, you got all this furniture you got to deal with. Go low, low end, right? Go in slowly, it's just like anything. Just put your feet into the water slowly and get a feel for what it is that you really want. Go for it. I started investing in geothermal greenhouse back in September. Just finished the build last week. Awesome, that's a good thing to do. You save a lot of money growing your own food. 100% of their diet, protein included. Really, that's pretty good. On half an acre, 200 people, that's pretty damn good. Horny, yes. You should check it out. What are we checking out? How would that be? Rotational grazing, cool. Made fresh daily. Sorry, just got up to chat. But you were the one talking about 200 families in half an acre. That's what you must be, you must be fasky. Look up Cornish Cross. I was 95% in crypto. I started saving four years ago and is in my late 20s. Cool. I wouldn't keep 95% in crypto, brother or sister, of course. I wouldn't. And chickens, chickens are good for sure. Starting with renting at an Airbnb. Cheryl says, can't rotational graze on half an acre for 200 people without killing the soil, even Cornish Cross without goats or somewhere inputs. I'm not sure of renting at an Airbnb is a cost effective way of renting. Have I read the Bitcoin standard, the white sheets from, what's his name? Mosh, whatever? Yeah, yeah. I put out a lot of videos on crypto. I was into Bitcoin in 2010. I was even mining Bitcoin in 2010. Also go where there are lots of opportunities. Yeah, chickens. Cheryl, yes. Yeah, maybe this earth is done and virtual is next. I hope not. Yeah, it's a site you can, or it's a site where you can use to invest in virtual land. It's pretty good. It's kind of like Ready Player One, huh, cool. And that is a possibility for sure. Tech, we're just still at the beginning stages of tech. There's a legacy tech companies out there. YouTube is a legacy tech company now, right? There's huge exodus out of YouTube, right? There's a lot of disruptive animation kicking in, virtual earth. There's gamers that make money off games. It is possible, sure. It's from a guy called, not the white paper, not the white paper. Okay. I don't know. I've read a lot of Bitcoin stuff. Like again, I got into it early. It is comparing Bitcoin to the gold standard. Yeah, yeah, yeah. I know about that. About the history of money. Yeah, are we talking about Nick Szabo? Kaft Met Fika? Are you talking about Nick Szabo? Money to choose. Gang, we're also, no, but Nick is also great. Nick is fantastic, yeah. I put out a playlist. If you go to, here, let me find it for you. Kaft Met, you'll like this. You'll like this. Here's my personal finance playlist. Let me find it for you. Personal finance playlist. Where's my personal finance playlist? Personal finance. Where is it? Where is it? Where is there it is? Here's my personal finance playlist. Okay. Doink. Now, in that playlist, take a look at, dun, dun, dun, dun, dun. You can look at everything if you want. Look into personal finance, currency, money, and the economy part one and part two. I mentioned Nick Szabo's paper, the history of money in this video in part one. And then follow this up with part two. And that's where I do the comparison with Bitcoin and whatnot. These videos are phenomenal, by the way, gang. I'm just letting you know. I'm tooting my own horn, but they're fantastic. Okay. Oops, sorry about that. This video, and then follow it up with the second video. Cool. I will check it out. And if you want, you can start off from the top. The first eight videos, I really planned out really well just to make sure it was solid information for people to follow regarding personal finance. Take what I say in those videos to heart. Okay. Really. And we do have a cryptocurrency playlist as well, of course. Been lurking tonight, having trouble sleeping again, twitching Jason. Do some meditation, twitching Jason. By the way, gang, I've been doing the standing meditation every day now. So I'm 10 days in a row right now. And I'm up to 22 minutes holding the standing meditation, the Shigong standing meditation. Highly recommend, highly recommend. Right? There's one day where we're running short on time so I cut it short, but still did it. Okay. Intensity, twitching Jason. I recently paid off my panel to mate, student loan, student loan. So I have my last one left sitting at 4.4% interest. Sort of passively looking for something I might be able to invest in to outpace that interest rate over the next six months. I know it's a bit of a long shot. It could be a bit of a long shot. If you don't, if you're not actively flipping. Okay. And gang, don't forget. Free Assange, Free Assange, Free Assange. Julian Assange is a publisher and journalist that has been crucified for trying to bring transparency and accountability of capitalist power to humanity. For more information, please see our Julian Assange and WikiLeaks playlist. Twitching Jason. Otherwise, with serious intensity, I should be able to pay off the last loan by June and be completely that free. Twitching Jason. Unless you're willing to go short on certain things because things are in a bubble, I would say pay off your debt. Really, 22 minutes exactly. 22 minutes. I don't, I'm not looking at a clock. So when I go to do the meditation, I, by the time I get into my position, I give it a minute plus. And then when I finish the meditation, I do a quick little stretch and I check the time. So 22 minutes, 21, 22 plus or minus. Gang, let's call the stream. Thank you for being here. Thank you for the follows, gang. Thank you for the subs. Thank you for participating in the discussion. Thank you for being here. Thank you for sharing information. I need to know for the math. What do you need to know for the math? What do you have in mind for that cover crop? Hey, Chico, cosmic vision. How are you doing? Goodbye, gang. Funky lurky, goodbye. Thanks for all this advice. My pleasure, take everything we said here with a grain of salt, gang. Thanks for my pleasure, Twitching Jason. I hope you get some good sleep. You also have the issue of birds of prey, birds of prey. That's right, they eat your chickens. Chicken oaks. Gang, I am on Patreon. Oops, that's not the Patreon one. This is the Patreon one. I am on Patreon. Don't leave, we're over two hours, cosmic vision. I am on Patreon, patreon.com.com. For slash chico, C-H-Y-C-H-O. If you wanna support this work, if you wanna follow this work, if you wanna know what this work is about, which is basically layered on mathematics, Patreon is a great way to do so. I don't put anything behind paywalls. Everything's great at Commons. Share and share like you can follow the work. And if you think this work deserves your support and if you do have the means to do so, support this work through Patreon. It guarantees us doing what it is that we are doing and we can plan out and roll out new things. And for those of you that are supporting this work on Patreon, thank you very much for the support gang. It is in large part because of your support that we're able to do this, where I can do the calculus and figure out what's going on, right? We are live streaming on Twitch.tv for slash chico live, C-H-Y-C-H-O-L-I-V-E. Thank you for being here, gang. Thank you for the subs. Thank you for the follows, Cosmic Vision. Love you, take care. You too as well, you too as well. And gang mods, thank you for being here and taking care of business and participating in the discussions. And thank you for all the information, gang. And the love, of course. I do announce these live streams 30 minutes before we go live on Parler, LOMinds, VKGap and Twitter. And we do share additional content there. We also do have a Discord page where there's a lot of people sharing a lot of information. We have like almost 700 people there. And you can come to our Twitch channel anytime you want in the chat, type in exclamation mark social and all the links will pop up including our Discord channel right there at the bottom where you can join the discussion if you would like to. We will be uploading the audio for this live stream to soundcloud.com forward slash Chicho, C-H-Y-C-H-O as a podcast and it should be available on your favorite podcasting platform including Spotify and iTunes. And we will be uploading this live stream to both Bichute and YouTube. And if you're on those platforms, you can support this work by sharing, liking, subscribing, commenting, participating in some of the discussion in the comments. And if you're on YouTube, you can support this work by joining YouTube membership and there's a button there and there's a handful of people that have joined YouTube membership and thank you very much for the support gang and don't forget to turn on notifications, guaranteed to get your notifications through Bichute. Not so sure about the YouTube gang. I hope you have a fantastic evening. I'm gonna be busy uploading the videos for the next few days and I'll announce the next set of videos in a few days. This is the last one that we're doing for this set. So expect the next set to be announced in the next two to three days or so in Trepid. Have a good night or day, folks. Thanks, Bichute. My pleasure in Trepid and thank you everyone for popping in. Gang, I hope you have a fantastic next few days and I'll see you on Discord if you're on there. Bye, everyone.