 Bam right on the nose right on the nose Friday 9 o'clock Welcome to the independent investor channel all the loyal subscribers. I'm a bet to you Welcome to the channel. My name is Ryan. I'm the only one that does a youtube. It's not a youtuber So welcome to the channel I've been a busy busy week stock market showing some Pretty awesome resiliency. I've been pretty satisfied. It was a busy week for me One of the largest holdings in a portfolio actually reported earnings It was interesting. I will try to fit in What is going to be a fairly busy weekend for me the review of the highly on earnings Call from this week. If you haven't caught that All you've got to do is subscribe to it through highly on dot com go to the investor tab Sign up for that catch it. It's fantastic Um, it was a it was an interesting call. Um, I think there was some shake up I I've been calling for this for a while. I think it's been been pretty cool That thomas and john I think john kind of stole the show Uh, I think he's a wonderful cfo. I really like sherry, too I think they've really had some really good CFOs through the the history of the the company here over the the last couple of years and I really like john Seeper down to earth guy. He's got wonderful command of the numbers And I would sense that some of the recommendations going forward or are In no shorter short order coming from the desk of the cfo and I thought john really shined for me But I will be getting in depth in what I thought was Um, an interesting call One that I would consider It was it was it was it was interesting. Um, I still feel like the company Is is in that prudent kind of phase here And that was indicative by what has been horrible financial markets. I mean horrible The title of this video is retail investors get a bad rap and that is the truth The institutions would have you believe in most of the main media out there would have you believe that Retail investors belong in a corral With a stereotype That they invest one specific way. Okay. Um, I'm actually here to fight that. I really am Highly on means a lot more than just investing in a stock and Seeing it do well I think there are things going on with highly on. I think that The competition in the space actually sometimes gets a little bit more credit Um, I think highly on is all too often forgotten in the space. And yes, it was Encouraging to me rick to see that acknowledgement in the first paragraph of the The actual earnings called transcript, which I've read now a couple of times and of course that stuck out to me You know as well as I I've been calling for that, you know to ignore it. I think was probably um Not in the company's best interest and for whatever reason they thought that this was the time that they wanted to To go ahead and start acknowledging, you know, not only the share price but driving shareholder value And not only acknowledging it but making moves to that end. Okay Um, I think restructuring the original deals is an absolutely fabulous idea Um, and and this isn't just my opinion It was really explained the best by john When he talked about Softening out that margin compression that's going to be experienced On the onset with the initial orders So I think it's going to be super important For highly on to to get this right I think it's going to be A tough Roll out. I I think they've got a lot to do Um, and I think they're set up to do just that. I really do. I think Hopefully this restructuring and and you know passing along the cost of higher goods, which Thomas softened up a little bit and said that it was a norm in the industry and and I concur It is You know that highly on cannot be expected to to strike a deal With these companies who are in need of these solutions nor Overpriced the unit to where there's no incentive to buy said unit, right? They've they've got to get this right on the price point The initial units, uh, they won't make money. However, it's it's not about doing that It's about getting the maximum exposure out there to the fleets to make sure that each of the uh, respective Fleets have their opportunity, but I'd love to welcome everybody back to the channel It's been a hell of a busy week for me Hope everybody is just doing absolutely fantastic You know the title of this video want to jump into it right away and and just kind of declare For you guys that are not of understanding that we are currently at war As the middle class specifically, okay It was taken back one step from retail investors I don't even know what retail investors mean when I hear that I cringe. I'm an independent investor I invest like me. Nobody is expected to invest like me. Um, I don't look at people and Dean them A a a recipient of my message and so far that they carbon copy my program and and initiate it That's that's not that's not what this is about So I'm a little confused as to why cmbc Typically on a day-to-day basis. Well put pop shots out there to the retail community Insinuating that those groups of investors actually all invest exactly the same way I'm here to tell you that your individual exposure to the stock market is one on one It's one on one. Okay. You will be led astray when you allow your God-given right to your ratio of one on one When you allow your ratio to be influenced by others and you end up trying to Apply opinions that are not of your own rather An interpretation of others whether it be one opinion or five opinions or ten or so on Now that doesn't mean you can't learn. Okay, but to be influenced And apply based on those influences Is really the fallacy here and I think a lot of people truly do give away the farm And I think they are at mercy two institutions that are built to take advantage of that very vulnerability I really do You know, there was a big celebration amongst the retail community when they stuck it to the hedge funds During the amc short squeeze debacle Might I remind you my friends that the hedge funds since then have declared war on the real estate industry And they are buying up the entire country Pretty sad if there is a rock face or a beautiful lake or a piece of scenery in this country Those properties right now are being accumulated on the largest land takeover that I have ever seen In my 45 years on this earth I used to I've looked at property my entire life. It's a hobby of mine. I enjoy it. I enjoy looking at um the prospects of raw real estate in and of itself And I have never seen in my life so much raw real estate out there right now for sale Bare land that carry with it an HOA fee What that tells me is that these folks are looking to not only invest in the land and be the landowners and the note holders But also to pull residual dividends Yes for a lack of better terms HOA fees off of these said properties And if you don't think that i'm right my friends look at any of the major Realtor.com look at I look at land farms and lands of america. It's a good website It's fun to look at i've shared that with my facebook group Very very disappointing very disappointing and I have no other No other choice but to declare to a subscriber group that respects me respects my opinion Respects the fact that I hold you to that same standard of yourself To respect yourself enough to understand that the sense of urgency is now It is right now. Okay. I've got Colleagues that are missing out on homes that are being Bit up for full price I believe that the wage on real estate not only is with bare land but also in suburbia In those single family home offerings where I believe that that property also is being gobbled up At the hands of the real estate agents. So while we are stuck on a few interesting agendas right now Watching this political tug of war between the democrats and the republicans Wondering whether or not they are going to raise the debt ceiling and my friends I'll just give you the answer tonight. They are going to raise the debt ceiling We should probably focus on other things because while the rogues and masses of absolute sheep are following this false news out there And and and wondering if that's going to affect my portfolio by five percent or whether or not We're going to have a soft landing or a hard landing in this recession Whether or not we're going to even enter into a recession. It's inevitable, right? I think we need to look below the surface and look what is actually going on in this country and It is pretty alarming it drives a sense of awareness required of the people who follow the message and heed my call to Really take that personal responsibility because those individuals out there certainly if we have a bunch of Individual applicators out there in understanding this very thing We can be much more powerful because the hedge funds are stronger together as well These private groups that are going around and they're buying up all the real estate They've got Hundreds and hundreds of millions of dollars. I presume to work with they have a blank check to work with Regular people don't have that and for the people who are competing for 500 600 750 thousand dollar homes that aren't worth that You really are subject to setting yourself up for a real tough tough road Going forward because where individuals cannot go hawk On a real estate note by 250 thousand dollars the hedge funds will wait it out. They don't care And that's the game that I want to differentiate between Real estate and the stock market when it comes to your own individual portfolios You need to be investing Long term with the idea of buying good quality assets and holding those for the long term And it will be only through that route That regular people are going to be able to accumulate some wealth for themselves And collectively as a group and as a middle class Actually emboldened our opportunity And not be stuck on the lower end of what I consider to be the great divide between the haves and the have-nots right now in this very country Conspiracy theorist Sure, call me what you will that's no problem But I operate on a ferocity to ensure that I have the best chance of being on the upper end Of that conversation rather than the lower end Okay So you need to ask yourself whether or not you're taking those Appropriate steps to make sure that your financial future is secure Making sure that you're staying hungry on financial markets that would just have you sell out of the market And I don't know wait for a better time in financial markets Guys the faux pas is that retail investors are this these group of investors that only invest One specific way. All right, I'm here to kind of break down that barrier tonight I appreciate you making your way to the live stream guys. Thank you so much. I appreciate it Get a beverage get a cocktail get whatever you need man. We will be back with you in just a moment Retail investors are typically tied up in the short term We we really need to change that we need to Not buy into this idea of always focusing on on the short term And I want you guys to thank for a lot of a lot of people who have frequented the channel Maybe you've been with me a year a couple years whatever if you've been with me since the beginning You've been really able to get a good sample set of a good five-year block And the stock market is measured in five-year blocks. Okay No less It's measured in five-year blocks So if I look at the stock market and look at the portfolio in the short term, I can be disappointed I can be like, yeah, I'm the greatest investor ever. I'm up 20 percent. Whatever it is I'm up a little bit week over week. I'm up about six thousand bucks from last week. I reported out I can get all up in arms about that stuff and so can you That is the fallacy in investing We are making bets right now on Johnson and Johnson to be worth far greater in five years not next week Not next month. Okay Now at the very minimum if we get zero capital appreciation on a position at Johnson and Johnson just today, right? Um Then we will have rendered dividends over the next five years and we will chalk that up as an unsuccessful investment because it failed to Track the performance of of the market. Okay the smp 500 Now I own the smp 500 anyway, okay When we talk about diversifying our forms of money it speaks to the psychology of money and people understanding that Defining your different forms of money is absolutely critical. Okay Where I talked about the hedge funds defining their portfolio and really aggressively going after that real estate piece a real wealth maker for The middle-class families out there that buy one home and they keep it the rest of their life and they may buy it for You know 125 thousand dollars and down the line. It may be worth 325 thousand dollars and they've got it paid off. It's a wonderful wealth generating source now the hedge funds have just taken The that model and and duplicated it in this aggressive takeover that I speak of. All right I want to get to some of my comments here guys. I got sherry in the house man. Good evening to you fantastic Hope all as well Everclear boy. Yes was an enlightening spot. He often has good info along with a few laughs Hope you guys are talking about probably another Another channel anyway, I'm sure Rebecca's in the house man. Watch that one. It was great. You guys are talking about Some cool stuff. You got another offering. I guess going on. That's cool Plenty of good reasons why I'm planning On immigrating you I saw that video title come up. I didn't catch it today But that's very cool living with my european spouse. Sometimes I've wondered if Ryan has Considered the same not only considered the same. That's what I'm doing That is absolutely what we will be doing. We've decided that a while ago My spouse is european Yeah, and we're we're vacationing there in just about a month. So You know, I I'm um I'm slightly disappointed. I wish there was more options I look on the landscape here in the u.s. And although I'd like to have a domicile here for the future And we are staring down those milestones. It's not like I can just sit back and pick and choose and say Hey, I want to own property in north carolina or you know, tennessee or oregon or or or utah or wherever I'm not in that position. I'm gonna have to be strategic about my choices and I am still wrapped up in my career right now But the option to retire abroad is is is absolutely a foregone conclusion and god willing That it will be happening. Um, I do vacation over there. This next one is for 25 days I want to go and definitely stay until i'm ready to come back whether or not that's in six months or or two and a half years I will be I will be going abroad and I will be staying for an extended time period Yeah, but uh, that just gives you some insights and you know, we've got about 60 I guess 60 years old earmarked for a nice target there, but um, there's just so much to see And you can't appreciate the how how different it is If there's really very little similarity if any, um, the people the attitude the culture It's significantly different And I think people really need to kind of maybe maybe wake up a little bit. I'm subject to and a victim of Um, the mass media here, which is always pumping through and I don't watch a lot of it I know a lot of people do and it's really sad To understand that those influences really do drive a lot of the decisions and and and even Understandings about the world as misguided as those are because you're not seeing them firsthand I think it's very very important that people do travel and If if I was able to, uh, earn some financial Um, security then that would be an absolute It would be an absolute option for me right now even sooner than later I'm very much looking forward to that and thank you for sharing that That really helps kind of draw a holistic Um opportunity and and maybe I don't know set up a little dream for yourself I mean, I think a lot of people have a hard time resonating with the idea of investing Because they don't understand and can't really Feel they can't articulate the value of it Um, it's a means to an end my friend. It's an it's a means to an end. That's what it is I heard a spot on CMBC And it was discussing the robin hood earnings It's a company that I despise. I've despised it since the beginning I know some of you probably use robin hood. I have an account myself. I can't wait to get it closed. I used it I started it used it with the intent of Um, reviewing robin hood I think they suck I think they're cartoonish Now when I said this a couple years ago when robin hood was all the hype, you know how much crap I took through youtube on Flush and robin hood Down the toilet encouraging you to do the same Mm-hmm How'd that turn out for you? Yeah Yeah, yeah, but ryan, they're really easy to use ryan. They've got all kinds of colors. I don't need colors for my money I just need Efficiency and I need trustworthiness and right now the financial institutions as a whole are suffering from A lack of trust Yep Yeah, it's crept to touch into the systemic category, which I'm a little more concerned about After the svb debacle silicon valley bank when that when that went under they were taking On way too much risk and I thought well, it sounds pretty isolated, but you know the the true measure of a bank's success is the very deposit holders feeling Um, that they have a trusted relationship with their institution and once that gets damaged, which I think we're in that phase where That trust is somewhat damaged and that people are, you know looking at it and and and it's like, okay They they they misallocate the the truth facts About their own institutions And they say well, all of them must be doing the same thing and that is just not true. All right Your your financial institutions are fine from my perspective. I believe that it's setting up for a phenomenal buying opportunity phenomenal You know jp morgan, I've owned through this thing. It's performed quite well. I have not owned bank of america through this I think bank of america is a buy here at 26. There's no doubt in my mind. It's a wonderful entry into what I would What I would consider the the third best bank. I think charles schwaab is a buy here sub 50 I just have a hard time believing that a charles schwaab at 85 dollars Was a goodbye then is not a goodbye here at 47 So charles schwaab. I think the outlier play In the regionals is is fifth third fifth third is Very very good entry and then finally usb. I think usb is actually a goodbye here, too So there's probably some interesting moves that you can make black rock has held up quite well Black rock's a little bit different in the asset management category And then the alternative investment category would be blackstone Which I envelope both of those as well. So there's some buys there to be had I'm really just monitoring portfolios right now No additional Shares purchased this week outside of a duro clean technologies I added 2,500 more shares today up and patiently waiting I will disclose those on the next video that I throw down on That actually brings the total share count of a duro here. It's been in kind of a kind of a A really tight tightening trading range and I honestly think that that expiration For unit holders the share in the half warrant That was issued two years ago I believe with the drop dead date of may 17th of 2023 I believe once that passes. I think we're going to have a little bit of shake up in the stock Get back to normal and I think a duro is probably going to find its footing there once those warrants are done being called and collected Up till the deadline of what we got a couple more days anyway Yeah, five more days of that. So I think I wanted to grab some shares before that That deadline comes and passes But that was the the the one bigger offering. I did increase my position today of amazon Amazon went up to 45 shares I own amazon in multiple places. So I actually think that that puts me at 125 if my math is correct Total shares in amazon. I think amazon is an absolute steal here And I put google in that top tier category as well Google is is taking a little bit of tailwind from the ai push And google will end up actually being in a really really good position google also is a strong guy here I ended up picking up 50 shares of google today as well What else did I do? Some interesting stuff really just monitoring I don't think we are out of the woods by any means And I don't mean to scoff at the fact that I think we're not going to have a recession If I was going to put my thumb on the pulse I would suggest that we probably are okay, and I think it's been a couple of years removed from um and delayed from The um the the pandemic swoon that we had just three years ago I still think we are feeling the after effects of that and as an investor You have to be able to weather those storms. It's just that simple um, I I think that To to try to maneuver around these Systemic risks in the market, which there all will there will there will always be something Okay, the news media will always gin up something You might say well ryan, how do we circumvent all those? You know all those landmines out there and investing if it it just seems like an impossible road to hoe If you're saying that there's always Shortcomings and always reasons as to why you don't invest and always reasons to why we're on the you know on the verge of Global pandemic or global conflict or conflicts with other nations, etc. etc The the the fundamental systemic truth in investing is this Look at the history of how the market has performed during Everything that the market has been thrown at okay through go global conflict through Climate crisis through everything that you could possibly look at Innovation still happens We still have microsoft 30 years after the fact You know, we're turning out companies now. I think google's probably what Sneaking up on 15 years old if I'm not mistaken, right? We're still turning out those companies that are generating Fabulous returns for shareholders And they will continue to do that over the long term if you go back through the history of johnson and johnson one of my favorites The history of johnson and johnson roots all the way back to the 1800s not the 1900s They were able to survive and pay dividends over the course of I believe johnson and johnson has paid over 60 years And there's a lot of companies that They get into that dividend king category And it begs the question Are dividends right for me? Okay for me. It's an aspect and an element of my Fundamental approach to investing. Well, does that mean I have to buy coca-cola classic? Coca-cola is a fabulous company, but you're missing my point if you really want the true learnings of the Structural wealth building piece then it's to look at dividend growth investing In a box and ask yourself if you want to dabble in that Discipline, okay. I think most people could I think most people should I think most people Could probably entertain the idea of adding some dividends to their life as opposed to what I challenge a lot of Retail investors to acknowledge is that they don't understand or don't engage in investing at all Okay So the idea here is to understand the systemic applications here and not necessarily the granular names that make up each of these holdings Within a particular portfolio. That's why I share The M1 finance portfolio as often as I do because it's a wonderful way For people to grab exposure. There's 98 holdings. I added realty income to the real estate section of the Dividend growth portfolio today. I was bored. I was home. I was recovering from a very busy week But I threw o in there Um There was one of the my REITs that actually got acquired by another company So that that was interesting. So I took her out and I added a realty income in there I don't think there was really anything else that was added To the portfolio there. I wanted to add it. I wanted to add valero into energy, but I didn't get around to it Um, I had some interesting portfolio moves very very tight Very very specific and and isolated to Really setting myself up for reemerging From what I have What I have deemed some very tough markets to navigate over the last couple of years It's been tough for me. Maybe some people are like, I don't know. This is this is all good It's a piece of cake. I've got this lick. I'm awesome and you suck. I don't know if that's true I I congratulate you. It's awesome. It's been tough for me If it's easy, I'll tell you it's been easy. It hasn't been easy. It's been tough and I think The sentiment of the group is probably A little more closer with my analysis on financial markets right now as opposed to it's all roses and again You suck and I know I'm awesome I came to see paul Well, if paul is lurking Um, I will throw an invitation right there for paul. There it is. It's right below your post my friend Hell, you can use it. You can come in here and Impersonate him. I don't know. I hope all as well with the guy. I haven't seen him on social media Uh, I did not invite him. He's everybody's invited. I don't You guys you guys treat me way too formally. All right Like I said at the top of the live stream, I don't I don't profess to be a youtuber. I'm 45 years old Okay, this is a young man's game. All right. This is a young man's game to come onto youtube and Screw around and have confetti coming out your ears and acting like a complete dipshit. That's fine That's what people really want to hear people don't want to hear how to get rich No, they want you to tell them what they need to do to get rich without any effort That's what they want. All right, you follow my program. You'll get rich all right you have the best chance of seeking out your Your your financial exposure To the stock market and build wealth smartly over time. It's that simple Ryan you're you're full of it. You push highly on I had a comment on my highly on video Still still pushing your bags sure, man share, man it's uh It is a 7.25 percent of my portfolio The rest of the portfolio is chugging right along the speculative growth is crushed right now in my portfolio Just like every other portfolio out there that held speculative growth now you're only Your only way of protecting yourself against that is to not unspecule speculative growth That would have been prudent. I would contend that most people don't need to unspeculative growth. They don't If most people could just focus on a nice dividend Reinvestment plan of their dividend portfolio and a nice exposure piece to the s&p 500 You'd crush it's that simple You'd get bored and then you'd come in here and you'd be like right. I'm an investor. I'm making money And I'll be like see it's not it's not that hard You know, do you want me to stick confetti in my ear and and and blow it out my nose? You know, I don't know what else to say. There's there's nothing You know making money's badass like it's and it's just people think it's so hard and elusive and it's like No, it's not it's just Do what I say and actually don't do what I say because I'm not supposed to tell you what to do you've got to Yield to the whims of the financials institutions so that they can take their cut Right. I don't want shit from you. I don't care. I have to hail unsubscribe from my channel. You'll show me Right That's what makes me different. That's what's really cool. And I I won't I won't yield no way Why are you pushing speculative stocks? What are you talking about? The ceo's call me and they want to advertise on the channel. They pay me for it Um, why don't you try being happy for somebody? Okay? The very fact that I can come on the live stream and not make a dime and be happy to do it and provide an actual An actual perspective on investing that actually works Okay, that does not apply to the masses. It doesn't again confetti is not going to be shooting out my nose Okay, it's not going to that. I can promise you It does not appeal to the masses Most people are definitely afraid of themselves You know, I'm afraid of losses You know, I can't do this You know Rebecca's welcome to join the live stream at any time. It's just like you are Come on fellas. If you're not busy join the live stream, man. It's all good I've got like a couple of words written down for my script tonight I'll always think of something to talk about man. Trust me. This is my absolute favorite topic Shot out to ryan Not me but ryan my colleague. I changed his life this week if he's watching the the live stream shot out So 37 year old. I don't want to share too much, but I will share this 37 year old who has sold a an annuity That pays 1% on an annualized basis. It's 1.92 percent and uh He didn't understand it sounded like a great idea I told him that to be sold that product the financial planner probably made a killing off of him um, he was pissed rightfully so He called the cancel the financial. I was on the phone. It was on speaker. I listened to it on a long drive back from an obligation And I listened to it and the financial planner was like, well, what are you going to do with the money? You know, you can't just go to cash and you know, you're going to be making zero interest off of your cash and you're making 1.92 off of the annuity, you know, and it's like, wow, what a condescending locker, you know And uh, yeah, and here at time in him that that type of thing man it It happens over and over and over again Um, and it just makes me cringe, man I say all the time on the independent investor channel. We are fighting a battle that we will inevitably lose. We will Um, I will lose this battle not not from me. Look if you watch my channel and you see Why I do what I do You will understand that there is a sense of sense of urgency for you. Not me. I'm fucking. I'm fine I'm freaking fine I think about this stuff Just like this guy thinks about them stuff and I I think there's probably hundreds and thousands of people out there That also put some level of rigor over their own program because they understand the urgency that I speak about However, I do believe that there's hundreds of thousands if not millions of other people out there That will fail to understand the value of cutting back on their on their spending habits To find a a stream of income that is not only reliable, but At least at average. Okay. I can take an at average income And turn you into something very very special Am I going to promise to make you a millionaire? Well, I don't know that's conducive to Financial markets and the activity rendered over your investing time horizon, right? Okay But better to do than not to do. Yes. Agreed. I don't know No, Ryan. I was investing. I mean you suck and investing sucks and it's a big gamble. Fine Fine. Don't do it piss off I invest I kick ass at it. There's a lot of people who kick ass at it It is Very very apparent to me that people do not have the insight To investing that they need to make an educated decision. So there is some level of trust That does exist in how lucrative investing can be if done, right? Right? It's um very very important for people to um to to seek out that Validation for themselves so they understand how powerful investing can be As you evolve with investing your Your um confidence in your investing and your validation becomes Stronger over time. Okay. I always suggest that as a new investor you have the least amount of validation over your program the least amount of Vendication whatever the hell that means vindication means I'm going to tackle this investing thing because I watched ryan And he's awesome and I'm going to tackle it on Monday And I'm going to get involved in this stock and I'm going to invest in 100 dollars and and it's going to go up 20 box I'm going to go up 20 percent in one day And lo and behold you invest in the stock and it does go up. It does go up and you make three dollars Okay um another scenario is you get involved with the same hundred dollars. All right And you lose three dollars and you're like, oh my god. I got to panic my way out of the market This is horrible, right wishy washy back and forth Okay, playing into the whims of not understanding that you got to get the mind right before you actually engage in this understanding understanding risk Really is what it comes down to fortifying the portfolio at a steady stream every single month I tell you guys this stuff every single week because It needs to be more common place Okay, that constant infusion via dollar cost averaging Into the portfolio do what you can do when you can do there's a few cliches in this that Really do need to be adhered to they're super important and anybody can hear them And and understand what i'm talking about. Justin. Nice to see you brother. Great to see apocaproper 19 in the house, man Very cool stuff What do we got here we got eric in the house man shout out to you brother He's giving matt money a thumbs up matt must have said something really smart Every time I see you at work Life is not about work Matt matt's preaching it's not about work. He's a working man And that's coming from me believe it or not. I don't believe it Very cool stuff, man And valero trades at a p of 4.9 based on 2023 estimates Pays the 37. Yeah, it's um, it would be number one actually on my list. Um I like valero. I like bp Of course, I like the big three. I like shell and xon and and and and um chevron xon and shell Jesus christ. It's been a long week Oh But uh, yeah, currently don't don't know. I like conico phillips. Mm-hmm Yeah, um, I I like lng. I wish the rest of the world liked lng, but nobody likes lng right now. Everybody likes hydrogen um, it's uh expensive and and uh Unrealistic at this point But what the hell it's politically not the fuel of choice Highly on got a little run on their stock. I'm not really sure what the buying frenzy is all about Skate back a little bit today. That was a Of interest to me. I I kind of thought the stock was going to go the other way It didn't it went the opposite way of what everybody thought But um, that that was that was interesting Let's get back to retail investors again here guys I really want to finish the live stream and kind of get to my point of what What I feel like in the retail community. We need to fend off. We need to define our own approach to this thing but invest Invest the same in and out of the markets. Okay markets We get deemed just traders not investors We are hypersensitive We're fearful Ask yourself are you some of these things? Scared to lose I talked about that a little bit Don't understand the value of investing. Okay. I touched on this a second. It's very It's very important that you validate what it means to you if it's not going to mean Something for me. It means financial security. That's why I invest. That's why I buy j and j That's why I buy. Oh, I bought a position today in B&D The total bonds market it fit nicely in my Corporate account my investment account. So I did buy B&D along with some other kind of Really interesting just strategic Buys I did chop a couple of companies that I owned in duplicate I did sell Costco today, which it wasn't to sell but in that account it worked well to raise a little bit of capital Kimberly clark. I owned both of these in the dividend portfolio I chopped both of those to provide me the funding that I needed to go ahead and enter into the google and the amazon positions respectively, okay But understanding the value of why you do what you do super important I think retail investors sometimes get blamed for Seeking out value in a lot of superficial areas in their life Buying cards Okay overpaying for their home Their domicile I'm not here to judge. I'm just saying this is what I think is happening um Finding value in things overspending on trinkets, which is the most futile activity you can engage in especially in the united states um I I just cannot believe that people can just spend all the time And not feel somewhat guilty about it See, I engage so much on the on the stock market side that I actually feel guilty when I Start to spend a little bit too much in the luxury category Right now I'm cared for I could not spend another dime the rest of my life Buy food fuel gas and tail insurance and I'd be fine Pretty bold statement, huh? I'd be fine. Trust me Oh All the stuff that I could end up coming into ownership over It's all a bonus and it has been that way for the last 10 years. I've been super happy. I'm I'm totally fine I'm cared for I'm happy the decisions that I've made my life have set me up to put me in a position to Enjoy this latter part earmarked the potential to walk away from my career When I want and um, it's good times. It really is and that's why For the few moments that I come on to youtube and provide this product It really works. It really works. It really does. None of this is manufactured It's all very very natural and I enjoy doing the product. I really do Vipers in the house Jamie good evening to you man. Very very good to see you Very good stuff. Let's get up to the top here guys. We've got about 15 minutes in the show here Roll through here and give some accolades man get michaels in the house Get evened to you man Great to see you brother Music recommender good evening. I'm not an investor anymore. Great abby Brian he actually thanked me for the the two hour highly on that was that was really cool I cannot throw down, but I was going to plan on doing a 10 a.m. Tomorrow for our european Uh subscribers, but more over the uh highly on followers Of the channel. We're going to do that on on on saturday, but I can't do it tomorrow I've got a prior commitment And I've got some other projects that I got to take care of we got victor in the house very cool stuff That ricks in the house attending Attending the shareholder value is front and center Yeah, I talked about that a little bit. That was pretty cool. I'll be touching on this when I do my devoted highly on earnings call recap for q1 My initial read on it. I posted in the discord group that I was Neutral to somewhat negative over the first read over it people were like, what how do you do that? What what are you negative? I'm not negative. I'm a bull on the company. Look at my share position Um, I would go off of what I do not necessarily what I say To understand where my loyalty lies. Okay All right Appreciate you man. Great to see you got jared's in the house Says good evening with his largemouth bass Or his crappie. I don't know what it is. Maybe it's a crappie. I have no idea It's a largemouth bass Very cool Every clear boys in the house got mats in the house Get even into you guys Got billy joe in the house Very cool And already gave a shout out to rebecca very cool andy smiths in the house For all I do Um, this project has already paid for itself andy um Is very very important that we continue to Share my evolution in my life that way you guys can understand the reality of where I started Where I am now And where I'm going now the where I'm going piece Is super important for you to understand that You can do it too. Like I aspire to things. I really do I don't spend a lot of time thinking about the past. I spend a lot of time thinking about the present and the future You call me what you will you can diagnose me with a psychological craziness or maybe it's the most sane thing in this universe to actually Um Make dreams a reality Yeah, but as far as the product on the independent investor channel, man, this is wonderful This is a niche of what I really enjoy doing. I really enjoy talking to people about financial Literacy, I believe I do it in a way that kind of helps people understand from just a simpleton's perspective How to seek out your Your exposure to the markets and you do so as a An independent investor and for a lot of people if I said look if I was going to just turn you over to your own portfolio A lot of people would be scared of that the institutions would jump all over it and say you absolutely. That's just Completely crazy. That's stupid to do I beg to differ I beg to differ. I think that the rewards are far greater by seeking out your passive exposure to financial markets then trusting the wins of the financial institutions that are looking to get theirs They don't do this for out of the goodness of their heart. Okay, they do this for profit Okay And the only way to cut out that middleman to ensure that those profits are not being lost via fees The only way to do it is to become an independent investor It's wonderful and I think there's enough people out there that enjoy the prospects of Taking control of their own money What is taking control of your own money mean to you it's taking your head in the sand Trusting a financial planner professional Why Why It all sounds great but when you look at the Behind the scenes when you look at the disclosures when you look at the products that are being sold to people The irony for me is that fiduciary is aimed at having an investor's best interest in mind when that fiduciary makes that recommendation the irony in that is that on its very very deepest level An investor's best interest Would be contained in most cases by owning the indexes and no more And owning the indexes not from the perspective of having a managed mutual fund Rather having just a passive Vanguard's etf voo That's it Very low expense You passively on the markets over time Wonderful. You want to branch out into some of those? Managed mutual funds by all means do it. Okay, no problem that you can seek those out on your own You don't need somebody to recommend them to you So you can so that they can get a kickback for providing you that recommendation that oh by the way is supposed to be in your best interest See why this project is infinite. It's wonderful Here's the funny thing Few things are going to happen over the next five years on the independent investor channel The channel is going to grow. Okay, if it doesn't grow, I'm completely fine with that We could go from 27 7 Thousand 30 thousand subscribers and go down to zero. I wouldn't lose sleep over it guys. I could care less I could really care less What I want to do is irrespective of the subscriber count on the channel I want to continue to provide transparency on my growth and evolution. That's why I give those Small portfolio updates. We're at 467 I believe this week Yeah, it was a pretty good week. The first four days of the week were pretty good I want to try to provide those Continual updates for you where we'll be in five years. I don't I don't know. I don't know Will we be at 467? I hope not. I hope we're not at 267. That would suck My insistence that investing works Is only made possible by the continued Validation of the program that by remaining in financial markets no matter what No matter what the markets have for you. No matter what they dole out to you You must remain an investor and that's a lot of the difference between retail and institutions Institutions are investors and it's easier to be an investor when you're Investing other people's money for you and putting other people's money to risk But when you're an independent investor You're putting hard-earned dollars to risk okay with the Idea that giving yourself the best chance in financial markets Has everything to do with holding long term and being an investor as opposed to a trader Okay, trying to time the market in and out very very important for you to understand that Mitra date says joe flation could be I don't know I'd like to hear something cognizant come out of the man's mouth to be honest with you Put two sentences together to actually make a rational thought and be all right Something that doesn't require a teleprompter. That'd be all right, too I wish the man all the best. I really do. I think Over the last three years. I think my Quality of life is less Do I think it has everything to do with him? Not in the least But here's the thing My judge of a president is really really simple Are you helping me or are you hindering me? Are you taking from me to give to others? Or are you emboldening my path to individuality to personal empowerment to taking care of my own? That's the measure of me and I don't care if you're a democrat or republican. That's the measure Um, do you help my bottom line might seem selfish, right? Might seem selfish, but there's a lot of people out there that need help Really? I lose sleep over providing myself with that very help. Why do I have to provide somebody help that doesn't want to help themselves? Yeah, and that might be awful scathing for a lot of people I totally understand and and and quite frankly, I could really care less. I just don't care Um, a lot of people call me polarizing. No kidding. Jesus. I'm just a realist I am a realist Why should I allow somebody to put their hands into my wallet? I don't put my hands in yours We're losing this We'll lose in 10 years 20 years. It'll be gone There will be no more dream. All right You honestly think that This city is going to be better off in 20 years than it is right now Uh, really? Wow I've lived both in detroit and new york city And new yorkers as proud as they are. They're losing their city And unless they're willing to do something radical to get it back They will lose the city. It's absolutely and a foregones the conclusion Um for the boroughs not manhattan manhattan will be owned by china And the rest of the four boroughs will be owned by all of the people who have been brought in here to live on society I can dig as deep as you'd like man. For sure. We've got a last couple minutes on the live stream Might as well throw some scathing shit out there ruffle some feathers might be kind of fun Very cool. Hopefully we can meet and have a drink in a cigar. Absolutely 100. I'm down. We that will happen On me for appreciation for all your sharing knowledge and insights. Ah, come on man, you know Um It's not really sharing I'm not the smartest investor It's in no way Matt is in the group here. Rebecca is a really good investor. There's a lot of really good investors I got justin in the group proper 19 rick schnellman. This guy right here. He's brilliant Um, so these guys are way smarter than me. I I have a passion for investing. I identified a long long time ago that I could not I could not achieve my financial goals without investing All right, yeah Yeah, so I've taken the Necessary steps to educate myself self up enough to get involved in financial markets for confident in what I'm doing Which is part of the part of the gig The product that we put through on the independence investor channel is really just a validation of What's possible? right Look, I get up at one two million. I was talking about the channel growing Highly I'm just going to do one of two things highly on goes out of business ceases to exist Sift off into oblivion and never to be heard from again, right Or it could materialize into something Materializing into something. I mean this thing goes to ten dollars. I'm sitting on 175 thousand That'll just be the beginning You know, we're talking about 50. We're talking about just a little less eight hundred fifty thousand On that position Hundred dollars, which I think the stock could go to with no problem if they get the proper oem integration that they're after 14 15 16 billion In market cap Right, so now we're talking about 1.75 million on one position If that happens stand by for rolls The channel will blow up. I'll be the same fella Come on tell the same jokes Talk about the same fundamental strategies in investing And really try to continue to adhere to that goal that I've always had of empowering one investor At a time and this week we did that we did that and again shot out to ryan I know his life was changed. I know he appreciated and and it was it was really special to actually get through to him Very cool stuff a lot of fun So to allow that to happen I get to one last question here. I got ryan. Here he is Ryan you buy nicola yet. Not yet, man. I'm gonna let it I'm gonna let that Share base get diluted to 1.6 billion first I would buy the shares here, but they're struggling for money, brother You know that as well as I do or maybe you don't I don't know Maybe you're naive like the rest of the nicola shareholders. I have no idea if you guys are a rare breed. You really are Um, I I give you all the credit in the world for having having belief. I really do Perhaps maybe you could say the same about us because the entire space has been absolutely obliterated My my thought was I could own shares of nicola would be number three on the list I would own highs on before nicola And highly on for sure as far in a way the best Leanest business model the way that they can Do what they suggested that they're going to do in cutting costs Here in the short term before coming to mass scale and production I think you're missing the ball by not paying attention to highly on I I think you had the wrong dream That's what I think you had the wrong dream All right with that guys will wrap it up really appreciate you guys Enjoy the rest of your weekend, man We'll be back with you next friday on the independent investor channel live stream faster 60 minutes on you