Independent investor channel it is friday what's up everybody it is nine o'clock eastern standard time we keep the machine rolling oh my goodness how important is it for us to continue to keep the machine rolling why is that because evidently being an independent thinker something that escapes most people if you need to Understand what it is that you need to do about your investment strategy going forward just tune into CMBC they'll load your mind full of negative euphemisms that are aimed at getting your attention and somehow thinking that somehow long term you're going to be in a better place by second guessing what you're doing. Looking at the short to medium term and understanding that there is no hope and that the more you tune into them you need to understand that the experts will come in and they'll ball buy into the same dialogue now every now and then they'll inject with.  You know all of the people who come in and think that the sky is falling and that they can talk about and draft and I look I can draft a narrative around anything I can disagree with. Anybody even though I know they're right some people can disagree with me even though that they may know I'm right and I know that they know that I know that I'm right we can just revolve around this.  We're really funny people we really are we are funny. We have an uncanny knack for smelling other people's backsides all the time and it's something that just escapes me I just don't get it. I'm here to enlighten people and let them know that if you come into the independent investor channel and you want me to just tell you what it is that is the answer to life and you can take said answers and go and succeed.  At least I'm one that come on and just actually admit the fact that if you can acknowledge that there are people out there that do not have your best interest in mind. And that the number one advocate for your own personal initiative your own personal objective in life your number one advocate that's going to look out for you and your family is not the pundits on CNBC. No my friends it's not even your good friend with Ryan with the independent investor channel although you'd be surprised at the level of my devotion. The very person that is going to have your best interest in minds my friends is you and I'm the only one who talks in the way that I talk in putting personal responsibility at the forefront.  I spend the majority of my time not looking at others and not judging what other people should do or what people are doing and and how what it is that I do makes more sense than what they do. And that if those people did what I did they would be happier in their life even though deep down inside I'm really not that happy. But if they did what I did because it appears as if I'm really really happy and I've got all the answers to life that somehow if you copy what I do you'll be good to go. Put that your pipe and smoke it. I like saying that it's kind of funny. But I tell you what you would be convinced if you were weak in the mind that you are it is in your best interest right now to become a bond investor. What should I do CMBC should I sell all my portfolio and just put it all into bonds because I have a guaranteed rate of return of 5%.  Yeah you got to own it for a year. And in that meantime you're suggesting to me that in that 365 days from this date to then that markets don't have a chance to I don't know do something that they have been accustomed to doing to investors over the last 120 year 100 years. 100 years and that is proving us dipshit human beings wrong.  I don't know what it is about people that would have them think that somehow they need to live their investment thesis in the short and medium term.  Tell me I'm wrong. I think the world would be a lot better off if people would just resonate with this idea that I have that standing on your own two feet is so much better than trusting the whims of others. Buying into certain philosophies that others might suggest even CNBC right interest rates are going up by bonds the housing market is crashing the labor markets are still strong and that's a bad thing. I can go figure. Everything is too expensive right now which means the S&P is too expensive.  The remaining 75% in the S&P 500 is trading for 14 times forward earnings. And if you paid attention to financial markets the top 25% of the S&P 500 has come off in certain cases like Amazon north of 50%. Is the Nasdaq a buy? Well certainly it was a buy three years ago when it fit the narrative right when it was going sky high. There were people out there telling you to buy the Nasdaq all over the place not understanding that tech does this. It does this every now and then it usually doles out some humble pie every 10 years and reminds investors that being an investor in technology is not for the faint of heart. Now I invested in Nasdaq I think it's fantastic. I think it's one of the top five investments that you can actually make passively in this life 100%. But right now people who are invested in tech are just getting absolutely crushed and I'm not going to apologize for that. It's actually okay. I want to put a quote up here I want to talk about it a little bit it's going to drive a little bit of conversation tonight. It's something that was put on Twitter and it was actually put on by somebody that I actually really respect and I'm going to read it to you. I'd rather make a few which means a couple. Okay well informed concentrated investments and lose everything. This got my attention when it came through because again this was by somebody that produces content that I really really respect. And if you catch my tone from pushing this out there I want to drive some thought for you guys as well as to what you think.  Derive your own opinion on what you actually think about this and again if you feel guilty about earning a living and going to your job every day. That's on you I certainly don't I went to work today I feel fine. Okay then the alternate diversify and guarantee a life of mediocrity. I don't know the source of where this comes from. I don't know if the individual comes from money or not. But I sure as I sure as hell know where I come from. Okay I don't come from money. Okay I don't come from money. Growing up without money doesn't mean that I'm somehow less than somebody with money. Let's just get that out of the way right now. There's some people in my group here that are millionaires. I love them to death. Money doesn't define the level of respect that I show to you or the level of reciprocity that we can share as human beings with regard to our specific approaches to life. Full well knowing that I've got Chris and the group here you know he's been with me for a long long time. He's a friend of the channel. He's a friend of mine I've never met him in person but he's a friend of the channel and he's a friend of mine. We have different thoughts and approaches on how we go about tackling this gig. Okay and this would seem to suggest somehow that I deserve to be judged because I have chosen a life of mediocrity. Now this isn't my words. This is my presumed sell out in life because I work a job. I'm at liberty to say I serve my country. That's about as detailed as I'll go this evening. But it gives you a little bit of insight in the fact that I take a little bit of pride and ownership over my job. I love my job. I search for minutes in my day because I don't have enough to complete the level of productivity at my job that I need with the minutes that I have. That's a sign of somebody who really really loves their job. Now let me put a little context around this. If you're growing up and you're 16 years old and you grow up and say my goodness my dream is to make $75,000 a year. That's my end all be all dream. I can understand how I would deem that somewhat realistic. However outside of the scope of what this new generation somehow seems is less than adequate. And there I would suggest in the realm of mediocrity by pursuing a regular job, a career, lots of careers out there. Engineering, electrical, truck driver, doctor, healthcare, whatever it is, lawyer, whatever it is that you choose accounting I could go on and on. Lots of really really cool professions out there.  Do you do this to people?  Okay, get your attention. Get your thinking right that this is part of the problem of where we are as a society now.  The choosing of my profession came out of a place of fairly a fairly dark place. I always suggest that I opted into my profession half depressed. There's some truth to that. There really is.  And when you taste success, having come from a place like that, and then you read comments like this that somehow you can scoff at the very idea of pursuing a life of mediocrity. And again, this is a very big comment. I don't know if the threshold of mediocrity is less than $100,000. I don't know anything less than 100,000.  Only to die a lonely and feudal death at some point down the line because you make evidently a threshold that's not up to the standards of what society would say that you need to make to be considered happy in this life. Okay. Here's the next statement. This is the same tweet. A life of corporate slavery. Getting me. Like, as if we've just teleported ourselves back to 1863 in this very country, which isn't that long ago, my friends, where this was an actual reality. And so to use this as a comparative metric is irresponsible and probably shows the the attempt at intellectual communication. But lacks it. Here's the interesting part about it. Behold into the whims of others where retirement at 65 is assured might be even older by then. It gets into a little bit of like preachers mentality that that somehow me working for a salary is somehow something that needs to be frowned upon. I took some pretty good offense to this. I really did in a very, very calm way. Not as it reflects to me, but as it contrasts to the lack of awareness to the very criticism that this was pointed at and how off base it was with actually how happy I am and how full I am and how content I am. And how I can come on and do a Friday live stream and my motive is not anything that has anything to do with monetary. It has everything to do with my desire to give back. That's a very, very special, very, very powerful thing. And it is a very, very rare thing in this world anymore, my friends. It's very, very rare. Now I make money through social media, but it does not define the level of happiness that I have in life. You want to know what does? Stand by, I'll tell you. My spouse, my wife, my children, right there at the top. So while I'm living in this life of corporate slavery, I'm actually being able to provide them without a whole lot of worry. A life of opportunity and ensure that those opportunities are not necessarily open as far as the door, but remain open for them to walk through at their leisure. Family, friends, extended family, that type of thing, exercise. It's something that I did again five days a week, man. I was there every single day. I will go in tomorrow. I have some work obligation to take care of tomorrow because I'm a slave of corporate slavery beholden to the whims of others. I'm beholden to the whims of others. Absolutely. The irony in that is staunch and smelly. I run the independent investor channel and I am actually beholden to the whims of you guys every single Friday. Who forced me to come in here, chains bonded in slavery to provide you guys the very wisdom that I have bestowed upon me to bestow upon you as a sacred pact and oath of utter sanctity through the independent investor channel live stream. And I know that you sit around and just slobber yourself to come and listen to me drone on about how I have all this infinite wisdom and therefore you should take said wisdom and go and do great things for yourself. I enjoy rest and I enjoy vacations. The very opportunity that I have to take a vacation and oh, by the way, it's paid vacation. Okay. So I have plans this summer to skedaddle to Europe. Right. I'll be over in Croatia. Okay. Be going to Europe. Be going to Italy before Venice actually goes underwater. I did see the Notre Dame before it caught fire. And the beauty for me is that yes, I got to see it. See, I'm not a selfish person. My two young children who at the time were below 10 years old actually got to see it at a very young age. Provided by the very fact that I'm a corporate slave beholden to the whims of others. Right. Showing my kids Notre Dame before it burned down. I plan on having some of the same experience here coming into this summer. And oh, by the way, I'll be paid by these very slaves here while I'm on vacation sipping probably ruby red wine. Absolutely. It goes very, very well with the Mediterranean flow as well as some of the fresh fish and catch of the day that I'll probably be enjoying while I'm over there. I'm not a rich man, my friends. And I'm here to tell you that that's all right. It's the very appreciation. And I use that word a lot on the live stream and I hope it resonates with you. If it's the greatest gift that I could ever give you in one word on the independent investor channel. It is just that it is appreciation for the finer things in life. And let me tell you, my friends, it has very little to nothing to do with money. I often talk about disconnecting from your money and trying to resonate toward those things that truly matter.  What it is they tell you you need to focus on in your life. Super, super important that you adhere to those things. Projects in the business. I love these things. I'm not really sure if I can earmark who the slaves are that own me on the independent investor channel. Again, the irony in that is very, very thick and real. But certainly if it's one of those things that I need to stop selling out to the man and shut down the project altogether. I hold the nuclear option to the independent investor channel and I can pull the plug at any time. The very cool portion about that is that I don't and I do it in the face of doing this project for the sheer desire of doing the project. All right. And the last thing is to provide and this is what a lot of people don't understand is that I would rather be broke. No, you wouldn't know you wouldn't. I often talk that financial security to avoid regret later on in your life is to succumb to a specific element or something that you cannot control. And I think some of these dipshits out there actually think that they control their heart beating or they can control the neurons that are firing in your brain constantly. And we're all human beings and so to unfortunately succumb to the whims of life. Unfortunately, and sometimes fortunately, at least for folks like myself and even more so for the people that I support can actually seek those remedies and do so with the comforts of having insurance provided. See, that's the shallow piece to the statement in understanding that I would rather be broke. Again, I don't know where the source of this came from. I don't know where the person came from if they actually come from a place of no money. But I tell you what, I have. I have. And I think there's a lot of people that can actually relate to that. And if you enjoy coming from a place of no money, let me know. Let me know. Say, hey, Ryan, I love being broke. Me. I'll never go back and to somehow throw that out there as a catchphrase to people to get people's attention to say that the best thing to do is to put it all on the line to not diversify your assets because you're going to live a life of mediocrity. My friends, I have a half a million dollars in the bank. So again, I would challenge the author of those statements to suggest what it is that I could reach as a threshold to somehow step into that upper echelon of people that are actually enjoying life, right? And break out of this society of lemmings that I live in here, this society of mud people that I dwell in every day and rub shoulders with. My brain dead brethren, right? That I rub shoulders with and then slave to the man. I'd like to know what those thresholds of success really are. I'm all ears, guys. Thanks so much for tuning in. I'll be back with you in just a moment. It's just so it's so negative all the time. Negative. Don't fight the Fed. There's a no landing scenario looming. That was the first one that I heard today. See, I watched CNBC for 10 minutes a day. It's my free preview and it's pretty good because I can catch the ticker tape, which is all I care about. I just can care less about the really, really smart morons that come on to CNBC and talk about the market.  And I could spend my entire life staring at the rock and studying its composition and really getting down into the weeds about the shade of grey that the said rock is. And spend my life study in determining how old the rock is and write parables about the rock and come up with algorithms on the circumference of the rock and the diameter and the density of said rock. And I could write theories about the rock. And at the end of the day, it's still an effin rock. That's sometimes the way I feel brain dead after watching CNBC because, man, these people are really, really good at talking in circles. At the end of the day, you get to tune into me and I get the cut to the chase for you. Okay, nothing of what is said in the short to medium term or long term should have any impact whatsoever on your financial savings, your financial savvy, your discipline, your spending habits, none of it. You want to be a participant in the stock market? By all means floodgates are open. It's not some elusive paradise that only the few can enjoy anymore. It's not like that. We're going to have a soft landing. Are we going to have a soft landing or a hard landing? Or are you part of the no landing club? I heard that today. That was, that was rich. I'm thinking of myself. What is the no landing club? I have no idea. Are interest rates going to continue to go up? I don't know. Probably. Who cares? Who cares? We've come out of a decade where the interest rates were arbitrarily low. We gave everybody in this country free money. I said while that was going on that we would pay for it. We are paying for it now, my friends.  Nothing is for free. I know you were all excited about those checks. I invested every one of them. I didn't need it. I didn't need pandemic relief. I didn't need it. I was happy.  I didn't need relief. I'm good. I invested every dime I got from the government because I knew I was going to pay for it on the back end. And I have, I have 10 fold. What do they give me? 10 grand? I'm down 100 grand. Go figure. The second you can come full circle on this deal, man, and realize the people in general outside of your bubble need to be put in their place. You'll be, you'll be so much more happy. You'll own part of this community like no other. I shared the link up at the top here to my Patreon group. That is growing. I thank you for the support. That's fantastic. If you did want to drop in there and show some support to the channel, that'd be awesome. I sent out my first newsletter this week. I'm offering it to the live stream patrons. They can just send me their email. You'll be added to the distribution list and I'll include you on that. This week I provided the top seven brokers out there. Very useful because I linked everything into the newsletter. So all you have to do is just link over to what I feel are the top brokers out there. I've saved you a lot of homework. This is a data collection from my group of independent investors, part of the community here. And I've put it on a one page document. You can save it in your tools and you can use it. You can help others with that. Just send me your email.  I've been glad to do that. I've been hit up almost every single day for my portfolio from M1 Finance. That's a lot of fun too. Remember that offer is green. It's no problem. Instead of analyzing the rocks, I like to kick them over for you. And that's just another one. I know people are enjoying that as I am. I got paid a dividend this morning. I think it was I erased it. I erased those emails, but it's cool. I get a dividend email every single morning. I own 97 stocks in there. 97 times 4. A quarterly dividend per stock four times per year is about 400 dividend payments. The average salary in the world is $9,000 a year. I probably make $9,000 a year by doing absolutely nothing. But again, I'm a slave to the man, right? And I have beseeched the wisdom of said wisdom of the minds and the concepts, the depths and the breads.  People are crazy, man. Proper 19s in the house, man. Max the IRA, that's very cool. That's a habit of the independent investor community. One of those things like appreciation that I talk about that you can adhere to spending discipline habits. You know, the very desire to want to just get ahead and say, hey, I'm going to put my foot down and I'm going to get ahead like right now. If you're one of those investors that are trying to pursue your first $10,000, great. If you're one of those investors that by nature of the motivation you get on the channel to pursue that first $10,000 and have made it, right, that's the key. Some of you have actually pursued the higher levels, $25,000, $50,000, $100,000, right? It's just a whole idea of breaking down these thresholds of wealth. This is one of those tried and true fundamentals of wealth building that cannot be overlooked because it is absolutely in line with one of our fundamental premises and that is to tax protect money from the government at all costs, right? Since I work for the man, okay, and I don't really care about money, but it certainly doesn't define my happiness and it certainly doesn't define my success in this life.  They'll do good things with it. They'll do good things with the earth for the earth and for mankind and probably contribute to the world in such a good way that escapes a lot of people, right? And they'll do so on the back of the legacy that I create and that's the deeper, wiser perspective to go about this thing. Ryan, you're missing the point. Shoot for the stars. All right. Shoot for the stars. Go for the big box because you'll be happy if you do. Really? I've been happy ever since I can remember. Ever since I was a little kid, I still have the same brain. I'm 45 years old now and I have more fun the older I get. I mean, the more fun that I get, I will go out of this life kicking and screaming, having a blast. It's fun. It's fun for all the reasons that I talk about from morning until night. I can't tell you a whole lot about the restful rest that I get at night, but I'm pretty certain that that's pretty fun too because I wake up pretty well rested and I wake up at 4 or 45 every single morning. I don't know. That might be a secret of the pros. I don't know. Get up ultra early and start your day while others are sleeping it away. I don't care. You do whatever you want. I don't care. That's good to see it proper, man. Very cool stuff. Got some new comments at the bottom here, but like I said, I left that link, I think, in the top. Yeah, it's at the top of the thread here for the Patreon group. You guys can join that at your leisure for anybody who joins the Viper Group into this year. That is the new product is the newsletter. And it's going to be a compounding newsletter where I actually declare some of the 401k values, some of the specific accounts that I have and the values that are attached to that. I don't mind sharing that stuff. No problem.  So I might as well share that free of charge through my newsletter to anybody who joins my group and joins my newsletter subscription. If you go over to the independentinvestorgroup.com, that's independentinvestorgroup.com. If you don't want to remember that, just click into the YouTube channel and right there on the front page with the neon green subway. Right to the right. If you click over to the link to the website, go all the way to the bottom of the page. Add your email in there. I will add you to my distro group and you'll be pulsed in with the community. And we'd love to have you. It's just that simple kind of a cool initiative. There are all kinds of different feelers that I want to put out there for the channel, but there's only one of me. I don't have an empire working for me. Remember, I work for the slaves, right? I'm one of the slaves of the man, right?  Boy, I tell you what, I'm suffering. What? Are you kidding me? I'm like a kid in a candy store. Good grief. I mean, I got to come on and act all intense, crazy, but deep down inside, I am one happy, I am one happy fella. And happiness is generated from a lot of different sources. That's for sure. Productivity, the value of the work that you feel like you do for people when they truly say, man, hey, thank you so much for the time. I spent this week actually in some training initiatives with some of my colleagues from another city, Philadelphia. And I think they appreciated it. I think I don't know. I just basing that decision on the feedback that I got personally. And some people might have hated it, but it's all good. And I did it willingly. I get a lot of appreciation out of doing that, a lot of real satisfaction from doing that on my job. Some of the things that I wish the younger generation would listen to me. At 45 years old, man, I can tell you, I'm right.  Look at me. I'm a smart guy. I'm not.  I got straight A's in college. I didn't drop out of college. I had to leave because I didn't have the money to pay. Neither did my mom and dad. I had to leave. I got straight A's.  No problem. So, man, do really well in college. You'll do well in life. No, you won't. That has nothing to do with anything. Nothing. Some of those people out there that just breeze their way through college because their mom and dads, they come from a trust fund and all they have to do is show up to class. That's easy. That doesn't mean you're going to be successful in life. I hate to break it to you. College is fun.  I got straight A's. I took lots of oligies. Sociology, psychology, philosophy, all kinds of cool stuff. What can I say? Look at me now. I'm a slave to the man. Damn brands in the house, man. Very cool. Very cool, Mr. Brad. Appreciate you. Welcome to the message. Please drop your email. I'll send you that subscriber group and everything. If you want to hit the website, you can register there. You don't have to even bother with the email, but the subscription on the Shopify site makes it easy for me to categorize, and that way people can kind of control what it is. If they want me barking up their tree with my newsletter, they can say, no, I don't want to, or they can opt out of it. I don't know. I don't control a whole lot. Remember, I'm a slave to the man, so it doesn't really matter anyway, right? Love the Friday Nights. I've been following for years. We've been doing the project a bit anyway. It's gone by quick. In retrospect, five years really isn't that long of a time, but look at how, when I started doing YouTube, my portfolio was around $79,000. When I started doing YouTube five years ago, $79,000. I've been sitting on getting close to $500,000. I've been in a little bit of a battle for the last couple of years with that $500,000 mark. I make it, and then I retract off of it. I'm in kind of no man's land right now, and if I'm going to play into that seven-figure mark, which I will, I will. And if I don't, I'm cool with that too. Again, because the very philosophies that I talked to you guys about when the decision is made to purchase a house in the capacity that I want to purchase the house, I will make it in the best decision in the moment when the opportunity exists for me to do so, right? But investing has set me up to make those decisions in the greatest capacity that I can, right? I'm not going to go out and be like, I have to have X number of square footage, 10,262 square feet, nine bedrooms, and six and a half baths at the minimum.  No, I'm not going to draw any kind of thresholds. I would challenge the author of that comment to provide back to me those minimum thresholds so I can aspire to those limits and actually come on to YouTube and profess that I am indeed entered into and woke into the land of happiness. I have emerged from this depressed state of living as a slave. No, no, I'm fine. I'm fine. But the fact of the matter is I could go buy a house right now far, far nicer than what a lot of people think they can afford. But what are you suggesting? Are you suggesting I need that for happiness? I don't. I'm going to continue to work my project. Look at this, man. It's great, man. This is the very reason why I did the project, the appreciation from people like Dan who come on and express their appreciation for the project. And that's all cool because I try to give you guys what I would appreciate if I was in your shoes by watching the content and understanding that I'm trying to be received in the way that I want to be received if I was on the receiving end myself of the delivery of the message that I'm looking to deliver to the very patrons of the message. And that is to have some ownership, to understand that my way of approaching this is to find your own personal best in this life. You do have very, very unique things to offer. We have perspectives that we bring to the table that are very, very important. If you put me on a project individually, I will achieve X results. You put me and this guy on a project at the same time. We produce 3X the results even though there's two of us working on the project. Now, collectively, if we're all part of the same community and we start to really identify with this thing that CMBC does not have our best interest in mind. These dipshits that are on Twitter, 24 hours a day, 7 days a week, do not have your best interest in mind. They don't. These little catchphrases that people are throwing out there. Dividend Scooter and Dividend Backseat Investor and Big Bitch Dividend. It's incredible. Dividends to the moon and dividends to the T and dividends to the core and dividends to the death. Now, look, you want to invest in some dividends, man, do it. Matt does it. Matt understands that you're probably going to underperform the S&P. Seeking out some dividend income doesn't mean it's wrong. You just have to make an informed decision. My life of mediocrity because I choose to diversify. The sheer irony in that is that I could trip and fall into my $100,000 Corvette on Monday if that's what I chose to do. Because evidently, that speaks to the fact that I'm not happy because I don't drive a sports car around. I drive a pretty nice Tacoma, 2019 Tacoma four-wheel drive, which I would choose over any vehicle out there. I absolutely love that vehicle. Just the little things about getting up in the morning and getting into my truck and driving a mile to the gym makes me happy. I'm happy about it. But yeah, I scoff at the idea. I think we need to be digging a little bit deeper in our philosophy and perspective about life in that maybe we need to be looking for things that make us happy. Instead of seeking some arbitrary level of success monetarily in our life. Thinking that somehow in the eyes of society, I can finally be deemed somebody that's not a slave to the man. And I can now go from being unhappy to now happy. Because some YouTuber that I have no idea who they even are, where they come from, what motivates them, or what type of wisdom they're truly working with is trying to put something catchphrase out there that's supposed to influence me. Or somehow get my attention about what I should be doing and point out what I'm not doing at the specific time and place in life. We're all lucky winners. We're all lucky. All of us. You're all living life, man. Cheers to you, man. Good evening. The second you can realize that the better off you'll be, man, we should just sell it all. Just sell it all, man. Just sell it all and you'll be happy that you did so. Okay. It will be like a release that you've never had before. All right. I'm making an analogy. Uh huh. Yeah. Yeah.  Yeah. Just sell it all. Good to see you, Matt. Thanks for coming. Matt's like VIP on the channel, man. He's been supporting the message an awful long time, man. Real cool. The network is very, very powerful. And like I said, that analogy of working together as a community to build those small pieces. See, for a lot of people that passive diversified base is what's going to allow them to build wealth over time and have a little bit of a nest egg put forward by reducing fees, tax protecting, doing all the stuff that I talk about that's not secret. It's not magic. It's not magic at all. Where people would have you believe that the magic recipe is some algorithmic, scientific, strategic formula that you put over investing and that to gain access to said formula, you've got to send thousands and thousands of dollars of your hard earned money to get access to this algorithm that you can plug into your portfolio and automatically guarantee outperformance for the rest of your life. The reality is that doesn't, it doesn't exist. Your access to the S&P 500.  I mean, I can't tell you it's free because it's not okay. Yeah, it's not free, Ryan.  Misleading people to the VOO, you bastard, SPY, right? It's Matt's favorite. Missing the point before splitting hairs over why it is that we do what we do and why we continue to footstown. Hell, I don't care. Buy IVV for all I care. I don't care. It'll get you to the same end if you pick your horse and you identify the power of where that could put you in 20 or 30 years. If you do what I talk about with regard to infusing, I talk about nurturing your investment portfolio. I'm going to invest $500.   You seem to be a complete dipshit that you said you got 500 grand.  I'm the smartest guy in the shed, man.  And I can't do it. I'm doing it, Ryan. Monday, I'm in. I'm going to put $500 in the S&P 500 and I'm going to monitor that and I'm going to monitor it. And I tell you what, Ryan, if I don't have $500,000 by next year with that $500 investment, man, I'm coming after you, Ryan.  Just back the truck up and truly understand that I'm here to tell you that the majority of an investor's career and Matt can back me up on this. Here, I'll throw this for your viewing pleasure. Matt will back me up on this. The very evolution of an investor is such that you'll look at your portfolio. I know me and Matt. We monitor the markets every single day. We're stewards of the market. We like it. We're dorks. We're fine. But there's not a time in the acute that you don't look at your investments and be like, I should be doing better or it doesn't feel like I'm doing as well as I should. Or what can I do to do better? Or am I not doing enough with the portfolio? Should I be pressing in some areas? Should I be taking often some areas, right? I'm going through this deliberation of maybe I'm not doing as good as I think. And then I step back and I'm like, hold on a second.  And he's like, again, this blue collar moron, right? This slave to the man has got a pretty good sizable net worth. What gives? Okay. What is the deal? And the very fact of the matter is, and I disclose this every single Friday, building wealth is mental. It's mental. Where a lot of people will look at the surface level of the, the material of money. I haven't had cash in my wallet for months. I do that to prove a point. Yeah, today, today was an update in the market about $5,700 bill today. $5,700 bill. Would you like me to pad my wallet and stuff 800, 900, 1200, $1,800 in my wallet? So I can somehow, I can open it up at the supermarket and I can, I can show everybody in the line. Yeah, I can lean into it and show people how I've got some physical greenbacks in my, in my wallet. No, no. Come on. Separate from your money. Separate. The money's fine. And monitor the portfolio every single day, man, it'll feel like you're not getting ahead. But sometimes I have to step back and be like, all right, wow. You know, where have we come in five years and where is it that we could potentially go in five years? Now, that is the question. That's the question you got to be answering for yourself. If this motivates you great. Okay. But the idea to take 500 and do everything you can possibly do to pick your shots. Right now, nobody's investing in the stock market with any type of confidence away. Confidence is gone out of the market. Listen to CNBC. They'll tell you, you should be running for the hills and nose diving into your prepper bunkers and getting those MREs ready. Interest rates are going to go up another 75 basis points. So, so what? You should transition your portfolio. I tell you what, man, bonds have been the kicking post for the last five decades. Bonds have been the kicking post. Why? Because they've drastically underperformed. If people have entered bonds over the last 50 years, they have drastically underperformed the market by hundreds and hundreds of percent, hundreds and hundreds of percent. They would not have been aligned with the product necessary to reach financial goals for the vast majority of investors. And now in 2023, in this era of technological advancement, companies like Google, Tesla, on the forefront of revolutionizing what we do, cloud computing, AI. There's companies out there doing some fantastic things. And you want me to do what? So come to a 5% rate of return in fixed income? Who's with me? I'm with you, Ryan. I'm with you. Let's all just transition our portfolios into fixed income, and we will be slaves to the man. I can guarantee you we will regret that. I guarantee 20 years you'll be like, damn, you remember that year 2023 when all the dipshits on CNBC were saying, sell all your portfolio and invest in bonds to get your 5% rate of return per year. Yeah. Wow. That was really worked out. The S&P now is approaching 100,000, right? And I missed the boat. Boy, I tell you what, I sure wish I could go back in time to that 2023 when nobody in the right mind was talking about the investment opportunity. I talk about the investment opportunity. Yep. And I kind of put my money where my mouth is sometimes because I do, in fact, invest and I'm not selling my entire portfolio to opt into the bond opportunity. Okay. I'm not. I invest and I've been buying and I've been buying for the last 24 months. It's been fun. So what? I buy and buy the market. I got some cash. I had some cash. I'm earning cash. Remember, I'm a slave to the man. Right. Right. So, you know, if I can just continue to keep my back. Okay. Keep the whip off of it. I'll be all right. Still continuing to work for the man and buffering this incredible downturn in the market while I fortify my prepper bunker. Right. So funny. Oh my God. Here's a certified shareholder. Fantastic. Okay. It's nice to see a new Friday street going again about Canadian investing. Fantastic. All right. Welcome to the independent investor channel. Fantastic. Canadian investing. Yeah. At certified. Yep. No. All right. Ryan is on one pure facts. It's up to you. Awesome. Hey, great to see you, man. Thanks for coming in. In all actuality, man. I call this the fastest 60 minutes on YouTube and it sure does go fast for me, man. But if you pay attention, maybe it takes some nuggets away. You realize that, man, the quicker you come, I didn't know. Look, say maybe I'm self centered. The independent investor channel is an opportunity for me to give back for 60 minutes because I spend the majority, if not the vast majority of the time focused on me. Yeah, focused on me.  I come on.   It's all good.   You don't get results tomorrow. Don't come and blame me.  That's what the dividend to me. It's a, it's a bolt of, it's a bolt of dopamine right to the head to say at some point I bought that stock a while back and it just paid me a dividend. Wow. Right on. Thank you, Medtronic. Thank you, Coca-Cola. Thank you, Pepsi Home Depot. Fantastic. Thank you, Duke Energy. Thank you, Enbridge. Thank you, Exxon Mobil. Thank you. Right.  It makes me a hell of a lot happier than the spam that I get. Ryan, collaboration efforts. I get that every single day now, my friends. Yeah. I swap flies for you. Okay. Now the dividend email makes me happy. I think it was like maybe a dollar, $1.97. I only got paid one dividend. Sometimes I get dividends that are like, yeah, you got $80 in dividends. One day.  I remember when I was, I was 12, I got my first job. It was at a landscaping depot. I made $5. It was under the table too. Non-tax. So if the IRS ever comes back to me, I probably owe, I don't know, about $50,000 on that. I don't know, $125. I don't remember on picking weeds in the Nandinas, right? In the 110 degree weather, right? Now, might I remind you, I still am a slave to the man and I'm owned and I'm suppressed as a free individual in a free country to get paid that dividend almost on a daily basis. Remember, I'm on an average of a dividend a day, right? 400 dividends per year. It's humbling. Demonstrate the power of the stock market to people as we duplicate those efforts. And people hit me up and they're like, Ryan, can you send the dividend portfolio over to me? Now, not only am I rendering those dividends, but the 10 people who have asked me for the portfolio are rendering those same dividends. And the 50 people that have asked for that portfolio are also rendering those dividends. And the 100 people who have gained access to my portfolio are also being paid those dividends. From what? The philosophy of getting involved with a few speculative names. That if I just lost everything, I'd be okay with that. That somehow if I got onto YouTube and jumped up and down that this is the way, this is the way that Mandalorian was just released this week, guys catch it. It's pretty badass. But if I got on and I said, no, no, just pick a few stocks.  Because remember, we were shooting for the stars and we didn't want to live a life of mediocrity. Okay, right? Now I take my program any day and twice on Sunday because I know that people out there are getting paid those J&J dividends. They're out there getting paid those proctor and gamble dividends. This is just the dividend aspect. The passive aspect. I know that over the long term, the S&P 500 is going to turn that rate of rate of return over foreign excess of 5%. Let me go out on a whim. That's the investing risk that we take. That is the very opportunity that you seek is to outperform the any other idea that you can get in a high interest savings account or a money market account or something of that nature. If you want to be passive with your program, investing isn't something that you have to fight your way into. Excuse me. Anybody can invest. That's the beauty of it, all right? You think I'm really smart because I have the ability to catch an email that pays me a dividend? No, no, no. I just have the savvy enough to align the stars in a way that puts the dollars in the place and the assets in the place and the capacity that I put it in place to render those dividends back to me. I put my money in a position to work for me and I go so far as to actually share it with people.  I can feel confident in sharing that opportunity with people. And I sleep easy at night knowing that we're making a difference as small as it might be for people. It gets people into that habitual idea of having their money work for them. And 400 shots of dopamine in the positive way. That's a gift that I'll give to my subscriber base anytime, all right? This is why we do what we do. This is why we do what we do, my friends. I've got about a minute left here. I use PSA to store my cash. Yields 48. That's awesome. And Tennis, great to see you, my friend. Very cool stuff. Quite a few comments in here, man. Holy smokes. Great stuff. Ryan's mother leaves the wife. We'll secretly just keep working. Very cool stuff, guys. It was an awesome live stream. There was quite a group in here tonight. Very cool. It's been a while. It's been a while. The stream is starting to catch a little fire. And that's good, man. I really appreciate that. You know, it means a lot to me. We go through these swoons in the market where not everybody's as excited about investing in the stock market. And I get it. I get it. People typically don't want to pay attention to something that's so negative all the time. But I tell you what, if you can really take this insight from me, that's the very time that you need to be paying attention to financial markets. You'll learn that over time. I'm right. I'm not asking you to absolutely resonate with that idea, but I'm right. And the quicker you can get to that end in really looking for opportunities in financial markets when they're out there, that is super key. I want to get to this comment at the very bottom. Thad's in the house. Sorry, you're getting a ninth inning call out, my friend, but I really appreciate you making your way in. Thanks, guys. I own SEHD as I do. YM is a very good product. I have owned it. I don't currently own it. And VIG I own in my Roth IRA. And Noble is also a phenomenal fund. And loading up on JEPI, JEPI is great too, because of the 12% dividend. Just wondering if it's too good to be true. No, it's not. That's a good fund. I know what their strategic angle is. I like it better than fixed income, which I think they're going after JEPI's, the short call. Matt knows more about this than I do. But I think it's pretty good. Haven't invested. I've owned it. I think I'm really going for it. Yeah, I think that's it. I think it's a good fund based on what I've heard. I've never owned it myself, but I appreciate you coming in and making your way to the live stream. Work our way up here. Becky's in the house. Becky's a viper, long-term viper. She has the power bestowed upon her. And she used to work for the man, but she doesn't work for the man anymore. She's retired now, sipping margaritas. And I'm sure if she had it all to do over again, she'd probably do it the same way. And she lives without regret, which is something that I want to share with you guys. And it's a little bit more deeper in my perspective and trying to achieve a little bit of wisdom on the channel and really understanding through conversing with beautiful people. Becky's a phenomenal person. Take it from me. We've talked and we've met, we've talked over Zoom and she's just a phenomenal person. Take little injects of success like that. And when I share it and I contrast it against a judgmental statement like that that catches my attention through Twitter, I go back to my base of a lot of people like Becky who are like, hold on a second. I'm fine. I'm happy. We worked hard. We worked hard as a couple. And here we are, man. We're enjoying our life. And that's really what it kind of comes down to. And I think to have that financial security, I don't want to speak for her. It is something that I would rather opt for and really put on a guaranteed path rather than just frivolously living my life and putting everything on a lottery ticket. I think that's probably in everybody's best interest. And I try to find those common themes in investing that are applicable to the masses. It doesn't do any good for me to come on and talk about the moon shots. I know that's what everybody wants. Everybody wants that. And that's totally fine. I have a very, very acute perspective that understands I'm going to give you what you need to hear, not what you want to hear all the time. And I know that there's masses out there who want me to tell them how to get to that $500,000 next week. I can't do that. What I can do is I can tell you how inevitably to get to that $500,000, and my friends, that's a hell of a lot more powerful than trying to rely on a moon shot for something as important as your own personal, financial health and personal, financial future. Guys, thank you so much. I really appreciate you tuning in to the fastest 60 minutes on YouTube. We'll wrap it down. Have a great rest of the weekend and we will catch you next week on the Independent Investor Channel Live. Thank you.


Good evening aspirants on Republic Day at 5pm we are publishing the third capsule of the weekly international relations program as you know already the sessions are being handled by Shri T.P. Srinivasan sir who is a former ambassador of India and a former permanent representative of India to the united nations Vienna he has also served as the governor for India at the international atomic energy agency his experience in international atomic energy agency and in UN Security Council comes in handy in relation to the third capsule this is because the third capsule is all about the latest developments in the Middle East especially the Gulf region aspirants are advised to watch the session and utilize the opportunity with this let us start a news analysis for the day the topics analyzed for the day along with their page numbers in different editions are given here let us see the first article for the day after the storm on tightening scrutiny of large nbfcs this is written in the context of shift of rbi's regulatory approach towards nbfcs in India the syllabus is highlighted here for your reference first we'll know what are nbfcs these are companies that are engaged in the business of loans and advances then they are engaged in acquisition of shares stocks bonds debentures securities that are issued by government or local authority then they are engaged in leasing higher purchase then in insurance business and in cheat business note that nbfcs do not include any institution whose principal business is that of agricultural activity industrial activity purchase or sale of any goods other than securities or whose principal business is in providing services and sale purchase construction of immovable property this means that the principal business of nbfcs is only financial activity nbfcs lend and make investments and therefore their activities are like that of banks but there are few differences while banks can accept demand deposits nbfcs cannot accept demand deposits while banks form part of payment and settlement system nbfcs do not form part of the payment and settlement system and nbfc cannot issue checks drawn on itself one more difference is that deposit insurance facility of deposit insurance and credit guarantee corporation is available for depositors of banks such a deposit insurance facility is not available to depositors of nbfcs today's article says that rba has proposed a significant shift in its regulatory approach towards non banking financial companies previous or current approach is of light touch regulation and now rba wants to monitor large players almost as closely as it does banks if implemented this could be the biggest overall of the regulatory framework for such finance companies in the recent decades but this is not the first time rba is coming up with such stringent regulations towards nbfcs for example in 1997 parliament through the rba amendment act 1997 bestowed greater powers over nbfcs to the central bank back then it was to fix the issues as many investors lost their deposits by investing in nbfcs when they were promised high interest on fixed deposits even now the trigger for rba is similar but the scale of problem has changed in the recent decades the nbfcs grew into very big companies some even larger than banks the size of nbfc balance sheets is now more than 25 percent of that bank's balance sheet from just about 12 percent in 2010 in absolute terms their balance sheets have more than doubled from 20.7 lakh crore in 2015 to 49.2 lakh crore in 2020 this high growth can be attributed to lighter regulations as they have given nbfcs the flexibility to meet a wide range of financing needs from home loans to microfinance and even large infrastructure projects but this flexibility also manifested into a systemic risk the risk was apparent when one of the largest infrastructure investment focused nbfc players il and fs went into financial crisis in 2018 the payment defaults of il and fs catalyzed a crisis for the entire sector this failure had a negative impact on other nbfcs as well they could not raise funds easily and faced liquidity pressures that escalated to solvency concerns in some instances one more example that we can think of is the d1 housing finance cooperation limited that is dhfl recently its creditors approved a resolution plan for the firm for these reasons rba has proposed a tougher regulatory approach towards nbfcs the new approach comes with the four tiered regulatory structure in first tier it entails a largely less fire approach that is minimum regulations for smaller nbfcs and mild regulations for mid-sized nbfcs in second tier in third tier it imposes tougher bank like capitalization governance and monitoring norms for largest players and those which could pose a systemic risk due to the nature of their operations a top tier has also been envisaged with even more scrutiny but the rba wants to ideally use this approach only when a certain large player poses extreme risk given the banking sector's own problems in the past two years a complete reboot of the overnight mechanism for nbfcs and banks is critical to retain confidence and maintain financial stability even the rba governor has recently termed financial stability as a public good it is hoped that the blueprint for regulation of nbfcs which can lend for activities that often banks do not support what are these banks often do not support loans like giving microloans or infrastructure projects so what this editorial is expecting it is expecting that this blueprint is formalized soon this would ensure the improving economic recovery is not impacted by the funding constraints this is all about this editorial now let us move on to the next article the shipping sector is at sea here the author talks about the problems faced by india's shipping sector he also talks about the way forward so that the indian shipping sector could prosper and india can be a world leader in this sector in this context let us discuss about india's shipping industry and then the points mentioned in this article the syllabus here is highlighted for your reference see shipping plays a vital role in world trade and it is considered as the backbone of the world economy without ships and the transportation services these ships provide the world would not be as prosperous as it is today and also many countries would not be able to participate in world trade and we all know that india is blessed with over 7500 kilometer of coastline along the indian ocean region in this regard india is the 16th largest maritime country in the world it is host to one of the world's most important trade route that is it connects far east with europe nearly 50% of the world maritime trade 50% of the container traffic and 70% of trade in energy sails through the indian ocean region so we can easily say that this region is the epicenter of economic activity and india is strategically placed at the very center of this network in this regard indian ports and shipping industry play a vital role in sustaining growth in the country's trade and commerce why is this so because according to the ministry of shipping around 95% of india's trading by volume and 70% by value is done through maritime transport as of now india has 12 major and 205 notified minor and intermediate ports under the national perspective plan for sagarmala six new mega ports will be developed in the country but all this said shipping sector in india has not been able to realize its fullest potential due to a few constraints now according to the author he analyzes what are the problems faced by shipping sector of india here the authors of the opinion that all of india's actions on the shipping front have been counter effective due to a visionless administration now what are this issue let us analyze them one by one first issue is the lack of shore based infrastructural support here shore based infrastructure includes the road and rail connectivity the authors of the opinion that roads and rails are not properly connected to port areas second issue is that all the shipping infrastructure in peninsular india only helps foreign shipping liners why is it so it is due to reduced carrying capacity here the authors of the opinion that the indigenous shipping industry sees a poor growth in terms of ship ownerships so this has greatly affected our cargo carrying capacity and as a result these foreign companies continue to benefit much from india's extreme trade as they put enormous hidden charges in the logistics cycle and much of foreign currency is drained as transshipment and handling cost every day here we should see why do we have a reduced carrying capacity according to the author this is due to bureaucratic and infrastructural bottleneck due to this members of our maritime business community have preferred to be just agents for foreign ship owners or container liners rather than becoming ship owners or container liners themselves this has also resulted in reduced shipbuilding reduced repair and ownership business in peninsular india the small ship owning community in india also prefers foreign registry for their ships instead of domestic registration third issue is that the bureaucracy has repeatedly allowed similar infrastructural developments in multiple cargo handling ports instead of creating regional cargo specific ports in peninsular india and this has resulted in indian ports competing for the same cargo now let us see what is the way forward first is we should make our major ports cargo specific and develop infrastructure on par with global standards and connect them with the interlands as well as international sea routes so this ensures that our ports will automatically become transshipment hubs this will also ensure that our quality products will be available in global markets at a competitive price second the author talks about sagarmala project of the government as you all know sagarmala is a port-led development program under the ministry of shipping the concept of sagarmala was approved by the union cabinet in 2015 and a national perspective plan was released in 2016 the national perspective plan aims at comprehensive development of india 7500 kilometer coastline 1500 kilometer of potential navigable waterways and maritime sector see the vision of sagarmala program is to reduce logistics cost for export import and domestic trade with minimal infrastructure investment as you can see the components of sagarmala program is given here for your reference have a look at it so in this regard the author is of the opinion that sagarmala project should be fastened this project should support shipbuilding and owning it should also include coastal communities coastal communities should be made ship owners this will initiate carriage of cargo by shallow drafted small ships through coast and inland waterways in this regard short sea and river voyages can also be encouraged this is all about this article now let us move on to the editorial troubled waters and park bay fishing conflict this editorial is with reference to the tragic death of four fishermen from Tamil Nadu near park straight on 22nd jan we had an elaborate discussion on this aspect and we have also understood the geography of park bay and park street this editorial discusses this long disputed issue between india and steelanka in recent years multiple times indian fishermen mainly from tamil nadu were either arrested or killed in border waters of india and steelanka in the recent incident while fishermen in tamil nadu say the four were killed in attack by the steelanka navy the steelanka navy maintains that they died with their trawler collided with a naval vessel while trying to avoid being caught this is at another instant of the unresolved fisheries conflict in the park bay leading to death of indian fishermen india has strongly protested with the steelankan authorities and as a result steelanka has set up a committee to find a permanent solution to the incursions by indian fishermen see it was only last month that the two countries resumed discussions through their joint working group on fisheries after a three-year gap the meeting which was held on jan 30th last year covered the entire gamut of issues related to fishermen and fishing boats while india saw the early release of fishermen arrested in steelankan waters as well as the release of boats in steelankan custody steelanka emphasized the need to curb illegal fishing steelanka is not happy with indian fishermen entering the steelankan waters for fishing activities because if they enter this will adversely affect the livelihood of its war affected fishermen that is the ltt affected areas of northern steelanka some years ago both india and steelanka agreed that there would be no violence or loss of life in the handling of this fishermen issue and that a hotline would be established between the respective coast guards hotline means a special direct telephone line that can be used for emergencies or to get information but even today this hotline is not yet operationalized and deaths continue to occur if you ask what the real issue is are fishermen enter steelankan waters to catch fishes to get good catch indian fishermen are using bottom trawlers but this fishing method is unsustainable in the long run the steelankan authorities and steelankan fishermen want indians to shift to deep sea fishing vessels because the indian fishermen have so far been using this bottom trawling method this has led to exploitation of fishery resources in the indian side now what the steelankan authorities fear is continuing this fishing method will lead to remaining fishery resources on the steelankan side also to get depleted so what the steelankan name is doing they're eithering arresting or attacking our fishermen and they're also confiscating their boats look at this picture it shows how bottom trawling is done the fishermen use the fishing net and capture entire resources that are present under the sea this will lead to faster depletion of marine resources so what is being done to solve this issue attempts were made to forge a negotiated settlement through direct talks involving fishermen from both the sides but what it has led to it has led only to a stalemate that is no decision has been made it but the point to note here is steelankan favours joint patrolling by both countries and it also warns a ban on unsustainable fishing practices by tamilado fishermen such as bottom trawling but on the other hand indian fishermen want a lengthy phase out period to remove unsustainable fishing practices because indian fishermen are telling that to shift from bottom trawling to deep sea fishing method they need some more time so far there has not been enough political resolve to end this conflict that is why this problem has extended to this much years so if you analyze why this issue has dragged so far the real reason is there has not been enough political resolve to end this conflict a comprehensive solution should include curtailing unauthorized fishing and sustainable use of resources by fishermen by both the sides this is the way forward now we'll move on to the next article let us move on to the next news article that talks about the second day of chinese incursions into the taiwan region a map by the taiwan ministry showed the chinese aircraft that flew in between the southern part of taiwan and the taiwan control pratas islands in the south china sea as per taiwan the overlays were part of china's long-standing pattern of incursions aimed at pressurizing the taiwanese government to give in for beijing's demand to recognize taiwan as a part of the chinese territory in this context let us now see in detail about taiwan and one china policy see taiwan is an island country in east asia with taipi as its capital the main island non-historically has formosa makes up 99% of the area controlled by the republic of china you might ask what is republic of china this is the official name of taiwan so what is the official name of china the official name of china is people's republic of china the official name of taiwan is republic of china so let us now see more about republic of china that is taiwan it lies across the taiwan straight from the southern eastern coast of mainland china the map of taiwan is given here for your reference have a look at it now let us see more about the geographical aspects of taiwan it lies across the taiwan straight from the south eastern coast of mainland china taiwan has got the east china to its north the philippine sea to its east the lazon straight directly to its south and the south china sea to its southwest note the taiwan straight is also known as formosa straight it is a straight that separates the island of taiwan and the continental asia the straight is currently part of the south china sea and connects the east china sea to the north it includes a number of small islands like the pengu archipelago and the kinmen and matsu islands near the chinese coast the article also mentions about the pratas islands or the donksha islands that is located in the northern part of south china sea this island comes under the jurisdiction of republic of china that is taiwan however the islands lie closer to china's mainland than to the island of taiwan so what china is really trying to do is china thinks if it can get control of this pratas islands this island could function as a gatekeeper to monitor us and other country ships and aircraft that enter the south china sea from the pacific ocean this is why china wants to have control over this pratas islands now let us see about one china policy this one china policy has its origin around the 1949 chinese civil war what happened there was a civil war in china the people who won that is the communist who won started ruling the mainland china as people's republic of china the nationalist who were defeated in the chinese civil war retreated to taiwan and started ruling it as republic of china according to this policy there is only one sovereign state under the name of china and only one chinese government and that taiwan is a part of that and that any country that wants to have diplomatic relations with mainland china should break their official ties with taipei this has resulted in the isolation of taiwan from the international community note initially many governments recognized taiwan and shined away from china and since 1970s the mutual need to develop relations with china grew and this led to countries to cut their ties with taipei in order to favor beijing so what we saw in this article we saw about taiwan its geographical aspects the chinese civil war and what is the difference between republic of china and people's republic of china and the one china policy with this we have come to the end of this article now let us move on to the last topic for the day let us now analyze the article in agree credit small farmers are still outside the fence we are all aware about the present agitation of the farmers seeking for the repeal of the three controversial farm laws in the light of the ongoing protest the author in this article talks about the agricultural credit and its ineffectiveness in causing an impact in the life of the farmers the syllabus covered in this news article is given below see the agitation among the farmers highlights that the reforms in the agriculture sector have once again gained importance in the minds of politicians and policy makers in order to improve the income of small farmers and to enable them in diversifying the crops they must be given access to credits at a reasonable rate of interest that is at an amount which they would be able to manage and the center states and the rbi also have got the same agenda unfortunately they aren't able to achieve this agenda note agricultural credit refers to a credit vehicle which is a kind of finance that is specially designed to meet the needs of farmers and it allows them to buy equipments planting harvesting and to do other things that help in improving their lives in spite of the improvement in the volume of the credit over the past decades the quality of the credit and its impact on the agricultural sector have only gone down this highlights the inefficiency of the agricultural credit in contributing to the agricultural growth also for every consecutive year you can find the central government announcing an increase in the subsidized agricultural credit limit and also you can notice the banks surpassing them when you look at the data for the year 2011 to 12 the target of agricultural credit was said to rupees 4.75 lakh crore and this target kept growing every year and last year that is 2020 to 21 the agricultural credit had reached the target of rupees 15 lakh crore with rupees 21175 crore allocated as subsidy on seeing this data you can find that in the last 10 years the target limit for agricultural credit has increased by 500 percent among which not even 20 percent has reached the small and marginal farmers this becomes evident in the fact that around 95 percent of the tractors and other kinds of agricultural implements that were sold in the country were financed by NVFCs at an interest rate of 18 and if it was long-term loans it was financed at 11 percent as per 2015-2016 agricultural census the total number of small and marginal households in India ranges around 12.56 crore which makes to 86.1 percent of the total agricultural households and as per the situation assessment survey of agricultural households by NSSO the amount of institutional loans get more with the amount of land possessed that is a major part of the agricultural subsidy is enjoyed by big farmers and agricultural business companies in comparison with small and marginal farmers and this denotes the lack of proper understanding about agricultural credit facility see the RBI has imposed a cap on the overall allotted net bank credit that is 18 percent of it should go to the agricultural sector under which eight percent should reach small and medium farmers and 4.5 percent should be allotted as indirect loans however the advances given by the bank kept breaching this limit note that in the year 2017 among the agricultural credit provided by the NABAD in Maharashtra around 53 percent was found to be allocated to Mumbai city and Suburbans where there are only agribusinesses and no agriculturalist it is also found that the credit was given as indirect loans to sellers and dealers of fertilizers pesticides seeds and agricultural implements undertaking work for farmers having seen the agricultural data let us now move on to the irregularities in the system and find why the credit is not reaching the farmers effectively the internal group of RBI in its 2019 review has mentioned various inconsistencies related to inefficiency of the agri credit we'll see about it in detail now in some states the credit that was spent on the farm sector was found to be higher than their GDP and also the ratio between the crop loans spent and the input requirement was found to be distributed in an uneven manner this shows that the credit is being diverted for non-agricultural purposes when you look into the reason behind such diversion you can find that the subsidized credit which are given at a rate of 4 to 7 percent is being refinanced again to small farmers and also at the open market for a rate of interest of up to 36 percent and also the subsidized credit which had to be the cause for a viable agriculture as unfortunately failed to aid the growth of agricultural sector with the so far received credit and sadly even the new formulas have failed to address their issues or the reforms in the agricultural credit system with this information let us see what can be done in the future one of the measures that has to be adopted in the future is to empower the small and medium farmers by giving them direct income support on the basis of per hectare instead of a hugely subsidized credit importantly the agricultural credit system should also be made more effective and efficient to facilitate the high amount of crop loans to fpo's of small farmers against the commodity stocks in order to achieve an incentive in agriculture and also the mobile phone technology can be used as a solution in the future since 89.1 percent of rural households are found to be using mobile phones which is a high rate that is efforts can be taken to improve institutional credit delivery by means of technological driven solutions as a measure to reduce the extent of financial exclusion of agricultural households because such initiatives will enable farmers to avail loan for themselves through mobile phone apps moreover these apps have got the potential to use satellite imagery reports that are able to capture the extent of land owned by farmers and also they can produce details of the crops they grow which may help in extending the Kisan credit card loans digitally such measures if adopted will help the farmers in a considerable way since otherwise farmers have to produce the certified land record copy from the revenue department which is much time consuming apart from this other measures shall be to bring in reforms in the field of land leasing and then to establish a national level agency in order to build consensus among the states and the center related to agricultural credit reforms this will enable agro credit reaching out to the most number of small and marginal farmers as possible with this we have come to the end of the news discussion for the day let us now move on to practice question discussion let us see the first question consider the following statements with reference to nbfcs the institutions whose principal business is agriculture and industrial activity is not registered as nbfc the second statement is the deposits in nbfcs are insured by the di cgc third statement they form a part of the payment and settlement system if you look at this question you can arrive at the answer by just eliminating one option for example the second statement you know it is incorrect because deposits in nbfcs are not insured so if you eliminate one option you will arrive at the correct answer which is option a let us move on to the next question consider the following statements with reference to one china policy it is different from the one china principle which insists that both taiwan and mainland china are inalienable parts of a single china second option any country wishing to establish diplomatic relations with beijing must acknowledge there is only one china and severe all formal ties with taiwan which of the statement given above is or are incorrect so the question is asking which is incorrect so the answer is option d neither one nor two because both the statements are correct let us move on to the next question which is a main question the growing importance of shipping as a mode of transport is evident from the fact that the important export of goods on the scale necessary for the modern world would not be possible without shipping in this context analyze the constraints faced by india shipping sector and prescribe the way forward so that india shipping sector can become competitive in world market so it is a 15 marker so come up with 15 points next question every year many indian fishermen are either being killed or arrested by the steel uncle navy critically examine the measures taken by both sides to prevent such steps it's a 10 marker so give 10 points but what is very important is draw a map of Tamil Nadu and steel uncle and mark the places around this will fit you extra marks let us now see the last question in spite of the consecutive increase in the amount of agricultural credit the income of farmer remains stagnant over the years discuss so you can write answers for these questions and post it in the comments section with this we have come to the end of the day's analysis if you appreciate our work please do like comment and share our analysis among your friends and don't forget to subscribe our channel shankar is academy thank you


You are about to witness an epic Tarot Magnus reaction. What's happening Magnus Sikes? So listen, so I decided to pause it, but I said I might have to give Magnus Sikes my reaction to this because Barry, this is episode 6 where he's fighting that Colossus looking dude with the metal powers and he's got to break the sound barrier cause of Sonic Boom. To hurt this guy. That's how fast he's got to run to hit him.  I was getting amped. I said, you know what? I said, I got to show him. I got to show them my reaction to this. Don't think I'm going to be showing every reaction to every part in the Flash series, but I got amped for this. So I said, you know what? I'm going to share it with the Magnus Sikes. So let's get it. He's like 5.3 miles away. He's miles away. 5.3 miles. That's when I got amped. That was hot. That was hot. He was breaking glass off alarms. That's what I was looking for in the next Flash. Remember when, oh my god, my single most favorite part of Justice League, whether it was unlimited or whatever, was when he was fighting that Brainiac Lex Luthor combo and he ran around the world to hit him once. I was like, as soon as he ran the other way, I was like, I know what he's going to do.   I will die a happy man. Alright y'all, that is my reaction for the Flash Sonic Boom Punch. One million subscribers.


What's good y'all, it's ya boi Ross, back again with another video, so we gotta talk about what's been going on with Hoke Hogan recently. Apparently, he's been on his real life babyface turn right now. It's quite insane. I don't know if you guys seen this, but this was right before the new year. Hoke Hogan and his wife get baptized in Florida and he claims it was the greatest day of his life. That's incredible. You know, he got baptized right before last year ended. Like, uh, and I want to say December 21st, this is when this article came out December 21st, 2023. So I'm like, okay, he's on this good guy arc. He's on his babyface run in real life. But then it even gets weirder. Hoke Hogan helps teen whose car flipped. This recently happened a couple of days ago. So not only did he get baptized and turn his life over to God, he ends up doing God's work and helping out a teen whose car flipped. That is insanity. This, this babyface run is, it's just incredible. Let's check out what's going on here. This was on TMZ. So, Hoke Hogan's wife, Sky Daily just posted about the crash, writing, last night after we left dinner in Tampa, we saw a car flip in front of us. I truly admire my husband at Hoke Hogan and our good buddy, uh, Jake Rask for a springing into action, puncturing the girl's airbag and getting her quickly out of the car by all appearances. She was unscathed, just really rattled, which is an absolute miracle, which is that's all jokes aside. That is awesome that they were able to help her out right then and there. They didn't just, you know, record it and didn't do anything. But the fact that they were there at the right time and able to help her out, that was pretty cool. TMZ Sports had obtained new photos from the scene of the crash and in them you can see Hoke Hogan and his friend playing real life superheroes. I mean, yeah, look at him. He got the NWO hoodie on, you know, hey, do you need some help, brother?  That's crazy. Take a look at these pics, which show an up close and personal view of the action from the looks of it. The accident was a dramatic as you was as dramatic as you can imagine with the team's car completely flipped upside down and her actually stepping out of the vehicle. Damn, look at it. I don't even know how that even happened. But good thing, once again, Hoke Hogan was there. In fact, you can also see Hoke's buddy, Jake, the Marine running over to help. It's like something straight out of a movie. And fortunately, nobody was seriously harm. More startling details about the accident. TMZ Sports has learned that the driver was a minor at 17 year old girl who we've told was completely rattled by the whole thing. Our sources also tells that Hoke Hogan's buddy, Jake, who drove right in on this is actually a Marine. So not only does Hoke Hogan come to your rescue, an actual Marine is coming to your rescue that. Come on, come on, man. The odds of that happening, the odds of Hoke Hogan and his Marine buddy helping you in a car accident. You can't make this up. You can't. This is this. This WWE could never book something like this. Hoke Hogan slothed off his WWE heel persona in real life this weekend, jumping to the rescue of a woman who got into a horrific car accident. And TMZ Sports has to pick sources with direct knowledge. Tell us the legendary wrestler, his wife, Sky Daily and the friend. We're just cruising along the highway Sunday evening in Temple, Florida when they witness a bad wreck play out right in front of them. We were told a car erratically swerved across the lanes to catch an exit. It was about to miss and in the process clipped another car, which our sources say flipped over and tumbled.  Hoke and and company, our sources explained, pulled over immediately with Hoke Hogan and his pal, Jake rushing over to render a to the driver, a woman who we're told was rattled since they were since they were first on the scene. We're told Hoke and Jake actually helped get her out the car. Our sources say Jake popped the windows airbag with some tools that Hoke Hogan had on hand and they both unbuckled a seat belt assisted her and is in safely leaving the vehicle. We're told paramedics eventually arrived on the scene and Hoke and Hoke and his crew looked on. In the end, our sources say the woman appeared to be OK and Hoke Hogan was happy to help. Geez, look at that, man. Look at these photos. Pretty terrifying, obviously. And while thankfully everyone seemed all right in the end, you got to imagine a woman who was saved must have been surprised to see none other than Hoke Hogan himself being her personal hero. Again, he's often played as the villain in the ring. Well, at one point he was America's hero. And then recently, you know, he's now made some interesting comments that have leaked out. I won't say recently, but, you know, it's it's been well documented. But I will say this. His his baby face persona may be showing showing through, man. Once again, I know he's said some things in the past. I know he's done some things in the past. And people may not want to forgive him for whatever the case is. But I'm always someone that can, you know, forgive people if they shoot, if they truly show that they're sincere and they truly show that they they've changed. I'm not going to be a person to condemn someone for the rest of their life for the things they've said and are done in the past. They should truly show they've changed. Then I'm all there for it. Like I'm I'm not going to be the person to sit up there and continuously try to hate on them. I always want the best for everybody because no one's perfect. I've said some things in the past as definitely not good. And some people can judge me off of what I've said in the past, but I try to be better every day. So shout out to Hulk Hogan. I know it's crazy me saying this, but shout out to Hulk Hogan for helping that young lady out and his friend, Jake, for helping them out. They could have kept going and, you know, been recording it and then kept going about their business because a lot of people do stuff like that nowadays. But the fact that they stopped pulled over, helped this young lady out. Kudos to them, man. Once again, I don't know, man. Hulk Hogan's on this real life babyface turn. It's it's quite interesting to see. Comment down below. Let me know. Would you mind being saved by Hulk Hogan? Like if you're stuck in a burning building or a car that's flipped upside down or a sinking vehicle or sinking boat, would you be OK if Hulk Hogan saved your life? Would you still be like, nah, Hulk Hogan, you should have put this person over. Now, Hulk Hogan, I heard what you said about us black folks. Now, Hulk Hogan, would you be OK for to allow Hulk Hogan save your life? There was this opportunity he could save it. Would you let him save your life? Let me know down below about. Appreciate all love support. Road to 150 K and I'm seeing you on speedy. You to rest and shampoo the world. Appreciate you're kicking in with me. See you on the next one. Peace.