Hello, and welcome to the session in which we'll discuss the law of demand. Now, this topic is covered on the CPA exam, and I'm covering this topic for CPA exam candidate. Now, if you're taking a macroeconomic course, yes, it will help you understand this concept. However, I may not go as much in depth as a macro or a microeconomic course will go in terms of law of demand. To explain the law of demand, we're going to be looking from the buyer's perspective. Now, let me ask you this question. What happened if the prices of something you like to buy, the price of something you like to buy, and let's assume we're buying pizza, the prices of pizza go down. Everything else is equal. What do you think you will do if you like the pizza? Well, most likely the quantity that you like to consume goes up because the price is going down. And let's assume the opposite is true. When the price of a slice of pizza goes up, assuming also you have a limited budget, but you like to consume pizza, assuming you have a limited budget and the prices goes up, your quantity that you demanded for that pizza, you will demand less. So this is what we're going to be discussing. The law of demand, price, quality, and the changes in quantity and changes in demand. So let's go ahead and get started. Before we proceed any further, I have a public announcement about my company, farhatlectures.com. Farhat Accounting Lectures is a supplemental educational tool that's going to help you with your CPA exam preparation, as well as your accounting courses. My CPA material is aligned with your CPA review course, such as Becker, Roger, Wiley, Gleam, Miles. My accounting courses are aligned with your accounting courses broken down by chapter and topics. My resources consist of lectures, multiple choice questions, true-false questions, as well as exercises. Go ahead, start your free trial today. So as the prices fall for any particular product, the quantity demanded rise. Why? Because it's cheaper to buy, assuming you like to buy the product and you have the ability to do so. And the opposite is true. As the prices of the slices of pizza rises, the quantity demanded, you're going to demand less units, less units of pizza. Simply put, just kind of price goes up, quantity goes down. We say there is a negative or an inverse relationship. Let's go ahead though and graph this relationship. So of the price per pizza, per one slice of pizza is a dollar, and I don't believe it was a dollar when I was in college, but let's assume that's the case to illustrate the point. If the price, so this is on the Y axis, remember the Y looks like this, the Y. So on the Y axis we have the price and on the X axis we have quantity. So if the price of a slice of pizza is a dollar, you would buy 80 slices during the semester. Now if the price goes up from a dollar to two, you're going to have to cut down on your consumption because the price went up, you will consume for at two dollars, at two dollars, you will consume only around 58 pizzas. I'm sorry, 55. Just you know, assume this is 55. At three dollars, well, the prices is increasing. When I was in college, it was between a dollar and two. And at some point it will be less than a dollar. But right now, at least three dollars, you cannot find a slice of pizza less than three dollars where I teach at least. If it's three dollars, three dollars, you would only consume 35 slices at four dollars. Well, the prices are getting higher, you really can't afford it. You will consume around 20 slices.  Now what we're going to do, we're going to basically go ahead and graph those points. And what we see, we see a downward slope, a negative slope. And this is what I meant by the price and quantity, the price and quantity, there is a negative relationship between price and quantity. It's a negative relationship. When one goes up, the other one goes down. When one goes down, the other one goes up. There's an inverse relationship. And this is an important concept, law of demand. It's a downward slope, negative slope, inverse relationship between price and quantity. And let's assume the prices keep on going higher and higher. And at some point, you just say, I'm not going to consume anything. If the slice of pizza is $10, you may say, I'm going to consume zero. So you'll be on the high access.  At some point, you will stop consuming. Now, what we did here is we looked at the price versus quantity demanded. Is this the only thing that could affect the demand of pizza? No, there are other factors that could affect the aggregate demand of pizza. We might have other factor that result in the change in demand. Well, what we did here, kind of before we talked about change in demand, what we did here is looked at the price versus quantity, as I just mentioned, and the changes were along this line. So the change was due, the quantity demand, the quantity demanded was due to a change in price. There are other factors that could change the demand, the aggregate demand other than the price. So the price could stay the same, but the quantity demanded could increase, which is shifting to the right. Shift, we shift the whole curve to the right, the increase in demand, or sometime things could happen that could shift the quantity demanded to the left, which would lead to a decrease in demand. Something other than price, something other than price could shift the whole quantity demanded. What could be some reasons? For example, let's start with change in consumer taste. And by the way, if you're kind of, if you're like, how do I remember, kind of if you want to remember, how do I know whether to the right is increased to the left is increased? Think about it. If you shift to the left, if you keep shifting to the left, at some point you would reach zero, you demand zero, right? So shifting to the left means you are decreasing. Okay. And if shifting to the left is decreasing, it means shifting to the right, you are consuming more. Actually, just just by just by looking at this at $2 at $2, you are demanding rather than 11, you are demanding 16. I mean, you could physically, you could visually see it. If you want to just in case you're wondering, just as how you will, how you will, how you remember it. So it could be some factors other than price that could affect the change in demand. Well, change in consumer taste. Let's assume there was a new study that shows that if you consume pizza on a regular basis, it increases your IQ just just for the sake of illustration. Okay, so as a college students, you would say, guess what, I'm going to consume pizza. Why?  Just making a joke. Or the opposite is true. Let's assume there was a new study that shows that pizza is extremely harmful to your health. Well, consumer taste is changing. Then you will, it will, your demand will shift to the right. So although the price is a dollar, remember, at prices, a dollar, you are demanding 16. The price at a dollar. Now you will be demanding nine. Why? Because there was a shift in consumer taste. It has nothing to do with the price. It could be change in the number of buyers, going back to college, to college campuses. If you have more students on campus, if you have more students, some of these students will consume pizza, will purchase pizza. If the price stayed the same, you have more people consuming pizza. Just it doesn't matter. At $2, we used to have 11. Now at $2, we're going to have approximately the demand for 17. Not because the price changed. Just the number of students went up. And the opposite is true. Like after COVID, many students are not taking classes on campus. So you have less students on campus. What's going to happen? Because you have less students, less buyers, less buyers in the market. The quantity demanded will go down. It has nothing to do with the price. Another reason that could affect the demand is that could shift the demand left or right is the change in income. Are you making more money or less money? But when it comes to change in income, we have to differentiate between two types of goods. Normal goods and something called inferior goods. What are normal goods? Normal goods are goods that we buy more, we buy more of as our income increases. A good example will be if we have more money, we might consume more lobster, more steak. Most of the goods that we buy are normal goods. If we assume we like to consume more, so the goods that we buy are normal goods. And we buy fewer normal goods when our income decreases, when our income goes down and we cut down on certain things because we cannot afford them. Why we cannot afford them? Because our income shifted down, then those are normal goods. So under normal goods, if we have more money, we buy more of them. If we have less money, we pay less of them. We buy less of them. Versus if the good is inferior, inferior goods are goods that we buy more of as our income increases. So our income goes up, we consume less of those. We buy fewer inferior goods if our income increases. Now I'm going to go back and I still remember when my professor, Dr. Bajwa, in my macroeconomic class, explained this concept. And I still remember, he said, as you consume, as your income goes up, you are going to consume more filimignon, fish food, steak, lobster, and you're going to be consuming less of McDonald's and Burger King. I was sitting in the class thinking to myself, you know, I was a 19 year old, recent immigrant to the U.S. I used to love McDonald's. So I was like, no way. If I make more money, I'm going to eat every day at McDonald's, right? Like a, like a small kid. But I still remember that concept. But it is true. Once I make more money, you buy less of McDonald's. For one thing, it is, it's not healthy.  So, so the point is, for example, McDonald's is an inferior good. So you will buy less of McDonald's when your income goes up and you will buy more of normal goods, like lobster steak. I don't care about lobster, but I like steak. So that's the point. So as your, as the income goes up in a nation, in an economy, they will consume more of normal goods. So the quantity, the, the, the, there will be a shift in the demand curve. This is called the curve, shift in the curve itself because the price is shift along the curve. The demand is shift, shifting the whole curve right and left. Let's look at other reasons that could affect the change in demand and shift the curve to the right or shift the curve to the left. What other factors? Changes in prices of related goods. Again, we have two types, not again, we have two types of related goods. It's like we have for the, what other factors could shift the demand curve to the, the demand curve to the right or the demand curve to the left. The left means you are consuming less because as you keep shifting to the left, at some point you'll get the zero. In case you're wondering, is the left increasing or decreasing? Again, you could just kind of choose a point and you will see, for example, this point here, this is the curve to the outside at two dollars, you are demanding more. You are demanding more. It means there was an increase in demand, although the price stayed the same. Changes in prices of related goods. Well, we have two types of related goods. We have complementary goods. What are complementary goods? Complementary goods are goods that are consumed jointly with the goods that you are studying. For example, you said we are studying pizza. Let's assume you consume, you consume soda with pizza, Coca-Cola or Pepsi. So those two goes together, complementary goods. What happened if the price of the coke goes up? If the price of the coke goes up, your meal, if you like to consume pizza and Coca-Cola, goes up in price. As a result, if the price goes up, if the price of the complementary good goes up, you will consume the quantity demanded for this whole meal will go down. And the opposite is true. If the price of the Pepsi goes down, now you have more reason to buy the pizza because the soda that comes with the pizza is cheaper. So it's a cheaper meal. When the prices of one complement decrease, the demand for the other increase and the opposite is true. Another type of related good is called substitute goods. So we're going to assume for the sake of illustration, every night you have two options. You're going to have a pizza, you can have a pizza or you don't care whether you have a pizza or a burger. Those are substitute goods for you. Well, guess what? If the price of the burger goes up and the price of the pizza stays the same, most likely you would stick with consuming pizza because the price of substitute went up. The opposite is true. If the price of burgers goes down and the price of the pizza stays the same all go up, you will consume more of burgers and less of pizza. So if the prices of one good increases, the demand for the substitute increases as well. So if the price of the burger goes up, you will consume more of pizza and if the price of the pizza goes up, you'll consume more of burger, assuming they are substitute. Change in consumer expectation. That's an important concept to understand. Your expectation, what do you think is going to happen in the future? What do you think is going to happen in the future? Future prices. For the sake of illustration, let's assume next year or the next three months, the local county, the local county, it's going to tax all pizzas and on campus they're going to place $1 surcharge on every slice just for the sake of illustration. So if the future prices are going to go up because we're going to be imposing taxes on each slice of pizza, why do we do that? We want to reduce the consumption of pizza. Why? Let's assume for health reasons. So what's going to happen? If in the future we're going to increase the taxes on pizza, everyone's going to consume now. Why? Because you want to consume before it gets expensive and the opposite is true. If there was a tax on the pizza and you know they're going to take the tax away because they said they don't think it's working, then you wait until you buy the slice of pizza at a cheaper rate. Future income and this is extremely important in economy. How citizens feel about their future income, their future income. What's going to happen is this. If you look at the future and the future looks good, the future looks promising, what's going to happen? You are going to buy more of things now. Why?  I'm going to buy more because my future income is going to increase. Now the opposite is true. If you think we're going to go through a recession, if you think you're going to be losing your job, if you think there's any risk and your income is going to decrease in the future, again this is future income not current income, you will start to cut down now and that's why when we discuss leading economic indicators they measure something called consumer confidence. We want to know how confident is the consumer, especially in an economy like the United States, where two-third, which is approximately 67, 66 to 67 percent of the economy is based on the consumer. So if the consumer is not confident about the future, the consumer will cut down and as a result once they cut down the GDP will contract, will will go down as well. Same concept for supply and demand. If the future looks good we're going to start to increase the income now. But what's interesting about future expectation is it's it's it's kind of self-fulfilling prophecy. If the overall people thinks we're going to go into a recession, what would people do? They will start to slow down their consumption now and because they slow down their consumption now, indeed will go into a recession. So it's kind of a self-fulfilling prophecy. So those are the things that could change, that could shift the curve to the right or shift the curve to the left. Increase demand or decrease demand. Remember we have two types of shifting. Shift along the curve and that has to do with the price and shift the curve itself to the right or to the left. So make sure you differentiate between the two. To the right we increase demand, to the left we decrease demand. So what's the expectation next? The expectation next we're going to look at the law of supply because we have demand and we have supply. What should you do now? Go to the Fahad Lectures, look at additional MCQs, lectures that's going to help you understand this concept better, especially if you are a CPA exam candidate. You want to practice as many MCQs as possible for the econ. Those are easy points, you should ace your econ section. Good luck, study hard, invest in your CPA and stay safe.


What's going on everybody? Got Kyle and Sean here with Layton Sports Cards. We've got two boxes for Shane W. Got a 2023 Topps Inception and a 2023 Topps Chrome Update Hobby. Good luck here, Mr. Shane. Let's see what we got. Start with the hobby. We'll get all the cards out and start going through them. 30 cases. 30 cases is going to get wild. 30 cases are going to get wild. That is Wednesday night, if you guys understand that. We're in a player style with a reroll halfway through. Rewrand them halfway through. Alright, good luck, good luck. Start with the hobby. Hey, what's up, T-Po? T-Po! You know, we're chillin'. We're chillin' over here. I'm having a good one. Can't complain. Come on, Redemption. Come on now. I know. I ain't hidden none of them yet. I'm like Shula out there. Yeah, that's what I'm talking about. That's what I'm trying to do now. He's gone and going. You're looking like Shula out there. Yeah, for the one-on-one, because they only have it in 2x. I don't know what to do. They might be a little too big. Look at that. Walk around with that. Dog the Dolphin on it. Dog the Dolphin on it. I'm begging you to have a good game. Come on, Josh. Do it for shorts. Do it for shorts, Josh. Old Josh Allen. I believe, I believe. Why are these packs so slippery, man? They're slick. Slick, will they? Daniel got me 600K. Oh, shouldn't have gave him 600K. Look at this. Then 1.2 million. That's a side-winder peak right there. Then 1.2 million. Oh, there's our auto already. It is going to be Jason Delay. Jason Delay on the rookie auto for the Pirates. Pirates rookie auto. I always pull it to the auto immediately. I don't know how I do that. Jason Delay, first base auto. We have Refractor of Chris Morel, rookie debut. Prism, Bryce Miller. And a Oscar Coloss on the rookie throwback. Future Stars rookie, Adley Rochman. And we got an all-star game, Judge. There in the judge. Ben Joyce, Refractor rookie. And Blue coming. It is going to be Joey Ortiz, debut rookie to 150 for the Oats on the Blue. Action stars, Vladys Jr. And a Prism rookie, Andrew Nardi. And Williams. It's Trevor Williams, Refractor. It's going to be Aqua Johnny Brito for the Yankees. And he keeps part of the Soto trade to 199. Johnny Brito. I think he's going to be a podger here soon. Refractor Danesby for the all-star game. Rob Reftsneider. Action stars, Tatees. Titans, Vladys Jr. and Grossman. Come on now, Shane. There's a Caprellian. There's a Ryan Noda Prism rookie and Adley rookie. And Refractor Freddie Freeman. Garrett Acton, Refractor rookie. Jordan Walker, debut. This one's Dominic Fletcher, true rookie. Fuchsia 399 for the D-backs. Cody Bradford, Refractor rookie. And the last handful here. Good luck, Shane. Got a Jordan Walker insert. Cognals. Garrett Cole, all-star game. Kiermeyer, Refractor. Action stars, Bady. Titans, Gunner. Rookie for the O's. Prism, Leody Tavares. And Wander on the back. Alrighty there, Mr. Shane. That'll do it for the top scroll update. No debut yet. No debut that time. Still no debut. And we got inception for you. Good luck, sir. Good luck, Mr. Shane. One box inception. Get no cue after this one, guys. If anybody wants to get a personal go, do it in just a few minutes here. Not breaks, Tepo. Sometimes we have Daunras Racing and NT Racing. That's the only ones we've had that I remember. Not breaks of it, though. Touchdown, Kyle. Pits, no way. A deep one? I don't know about deep, but it was a touchdown. There's a green, gonna be Fernando Tatis. Oh, and the green and a Rendon green. Spencer should get some NT. And a Kodai Sanga-based rookie. NT NASCAR is actually pretty sick, man. I've enjoyed opening that product over the years. This one's gonna be Soto, Randy, and a rookie stone Garrett. And our Otto is gonna be numbered to 249, rookie on-card Otto of Matthew Libertor. I don't need the cardinal starting pitcher rookie there. The Otto's at 249. Alrighty there, Mr. Shane. That will do it for your two boxes. My man, one Top's Chrome update and one Inception. Appreciate you, my man. Get those right out to you.


It is Friday for another live stream on the independent investor channel take this opportunity Welcome all the subscribers back to the message Absolutely starting a new streak here on the eye too for the Friday live streams Getting us through the Friday summer routine. I have spent a lot of time already by the pool Chilling out reflecting doing my thing. I spent a lot of my time Today avoiding taking a look at the stock market For all the folks that make their way in here for the fastest 60 minutes on YouTube Get a little touch of perspective and get a little touch of My pulse in the stock market absolutely.  We had a down week. It happens in the market I think there's a lot of different a lot of different representatives from the independent investor community From all over the states and and especially globally around the world who come in For just a few minutes and catch the message whether it be live or after the fact I just want a foot stomp how important it is for you guys.  I mean I was down $7,200 today $7,200 bill Evaporated to the stock gods. All right. I Could have probably come on and put a nice YouTube video together and say Ryan's lost seven thousand dollars. What do I do? He's panicking That's not true. I waxed my truck today. It's kind of kind of cool. It needed that needed a little protectant Put on the truck So yeah, I mean even though I spent most of the day getting kicked between the legs in the stock market I found out some other cool things to do wax the truck hit Walmart Made a nice purchase on Amazon a nice new battery for my flashlight I went through and fixed all my flashlights I've taken some initiative because I've had a little downtime on Safeguarding documents and I talk about this element as an underappreciated element of financial wealth building and and that is the importance of Organization if you guys lack organization in your life, you guys really really need to take a page out of my playbook everything that I buy in way of Organization and document retention and organization I share through my Amazon Marketplace you guys can link over there from the independent investor channel.com website. That's available to you guys Check it out. Okay. You don't have to click on the links. I get like six cents if you buy something.  So if you want to go ahead and add some Excitement to your life by all means start a YouTube channel. It's it's incredible But yeah, the stock market was pretty poor this week we digressed we took about a ten thousand dollar down day I had one day this week that was up about twenty five hundred but for the rest of the market Really my big speculative position is what drives the portfolio action right now I was able to earmark a few bright spots in the portfolio I'll give those to you now the options action weapons mass. I Really couldn't be happier my long Call contracts on highly on are worth well over a thousand dollars. I'm in the money on one above the ten dollar strike I'm gonna hold those long those are Set out to twenty twenty three on the ten and twelve fifty strikes as appropriate Those are already worth about a thousand bucks a piece. I Look for those to be extremely lucrative not only that but today was a nice roll-off day For some highly on puts that I had written at nine dollars. I wrote those when it was trading at 950 or so I figured you know what I'm gonna write these pretty aggressively Stock went up nicely. They never really Were in danger of being put to me not that I would have cared anyway nine dollars seems pretty aggressive I don't know if I'm gonna rewrite those as a matter of fact. I just rewrote some new ones To roll to July didn't roll them. I rewrote the contracts allowed the old to expire But those are to the 16th of July as well, and I think those are about an eleven dollar Because I want I want more shares if it if it goes down I think we're in a matter of time on the highly on meter I'm about 11 and a half percent toward my goal So the highly on meter from zero to a hundred dollars per share is at about at eleven point five right now Percentage toward my goal and we'll get there the podcast that was dropped today By Thomas Healy was fabulous if you at all have an inkling at all to get About as good an entry as you're gonna get on the stock here Take a listen and and there was a couple very very key things in there that I picked up on infrastructure cost of the grid for cost savings Hydrogen fuel cell right and the usefulness of that Thomas talked a little bit about Why he did what he did talked a little bit about the inception of the company. It's a six-year-old company Okay, where he's progressed from then until now very very cool stuff. So you can find that on social media I don't have the link with me. You guys can very easily find that I actually forget the name of the podcaster that did the interview, but I thought it was fabulous It was really really quite good But to share those opportunities with you guys as they come due in due time the latter part of 2021 is gonna be really exciting For that company so for the folks out there that are talking about this stock market crashing Do this now which implies that you have to watch me to let me tell you what it is that you should do with your With your money doesn't that seem a little odd to you guys I'm trying to empower people to know what to do with their own freaking money Why the hell do I need to scare tactic you into watching me so I can tell you what to do it I don't want to tell you what to do with your money. I really don't I know what I do with my money I sold wish today. So Matt's gonna kill me, but I sold wish now for the third time I'm swing trading it in this range, and I'm killing it making a fortune. I'm still sitting on the 750 put Contracts that I've got I believe I've got four contracts there And I don't even know why they let me write those to be honest with you That was just silly like shooting fish in a barrel So those will be very lucrative if it goes to 750 I'll pick up the shares that I'm pretty good at options This fits with me like a nice round peg in a hole. It's really nice man.   That's the lone Bright spot in the portfolio. I don't know if there's any other bright spots in the portfolio other than the fact and we'll talk about some of the things that Everybody wants to bombard you with as far as earmarking what the problem with the stock market is right now inflation blah, blah, blah The question is where you think the stock market is going to go at the end of 2021 I think we're going to have another banner year. I really do. There's too much positive going on in The market companies are doing fabulous things are making money hand over fist and I think it's still never been a better time to be an investor I just made a comment a couple weeks ago about what would happen if the stock market hiccuped a little bit for just a couple weeks Or let alone had a down year I even think that there would be some very strong savvy Empowered investors in my community that would be like God dang what the hell am I doing this for this is freaking crazy Look at all the big screen TVs I could have went and bought ten big screen TVs with all the money I'm losing on this program that Ryan got me so motivated to fire away at Yeah, I digress. He got a really stay focused on your program understand what got you here. Okay I'm off ten thousand dollars week over week on a five hundred and twenty thousand dollar portfolio I can't lose focus on what I'm doing and now I speak tongue-in-cheek guys. You guys know I'm tougher than that Okay, but but I know there's some people out there. I just talked to LaShonda She kicked in right before the live stream and said hello. Thanks for what you're doing.   I don't these 500 YouTube channels. I got a sift through man. I'm gonna spend 28 hours a day Watching YouTube. How the hell am I supposed to do that? I Think it's a it's simpler than that However, there are distractions on the landscape absolutely and there's Probably quite a few landmines out there as well that you do need to avoid Okay You really need to get started in the stock market using those tried and true fundamentals to start You want to get over zealous and you want to creep away while I'm not looking from the independent investor program and Have a little AMC over here. I get Ryan's not looking.  I got the sucker licked man I can do this by all means you're an adult. I'm not your freaking dad I'm your friend through YouTube that tries to push a little reason through and make a little bit more sense out of the stock market Dealey Bobber, but um, you know those products that we talk about this passive investing products I probably entered back into some starting positions at probably the worst time For me, it was okay because it was part of my strategic plan to try to leverage some of when the highly on meter reaches a hundred We'll probably look to take some of that profit off the table leverage them into some of the existing starting positions Make no mistake about it guys at four. I think I'm 43. I think I'm not really sure Any any any birthday I have over 40 I have to remind myself of what age I am because I really just don't find a whole hell of a lot of Value in it. I'm a pretty happy fella, but it doesn't mean a whole lot to me But as I get older in life, I really want to leverage the opportunity made possible by diversified passive investing and ETFs. I just I really foot stumped that as a very viable way to Gain yourself some very very predictable wealth in the market predictable Okay, in other words like you can lose money with ETI Okay, you can you can lose money with triple cues I own a both VYM VYM. I bought it 107. It's down to 104. What does that mean? Do I panic?  No, I don't I don't do that right talking about me Okay, you know it could I say well I entered into the stocks maybe at the wrong time Yeah, I mean we entered out in those right when the market market just hit 35,000 on the dial So we're off a couple thousand half a percent. I believe Do the quick math. I don't know it feels like This week has been There's hasn't been a whole lot of place to hide I think So it's been a rough one. So with that we're gonna jump in do some portfolio reviews But with the with before we do that we're gonna do the most badass intro On YouTube. I built it myself. You guys are gonna really enjoy this man stick around appreciate seeing everybody in here, man We've got 37 ready to rock I said if we're doing this project right, we're gonna keep on driving on until I find the most devoted people out there That are ready to become empowered investors guys great to see everybody I Just love doing this project. I really do. I hope you guys can feel the love as well I really just love this the fastest 60 minutes because I love it so much It seems like I look up at the clock and I've got a sign out So I try to embrace the opportunity is the best I can and I'm like a motor mouth the entire time I just keep it going and I keep pushing out what it is that I got to say because I'm trying to Trying to give it to you Trying to give it to you man. Seriously. You can benefit from what's upstairs, man All right in 60 minutes in the context of a lifetime really isn't that much for me to give you the goods Okay, and I know if I'm not the only YouTube channel that you watch I don't know. I could be to some people really I'm the only YouTube channel I watch Seriously, I'm the only one I enjoy I'm trying to give you the goods right and try to keep you grounded from all the distractions out there There's a lot Okay, there's a lot When it comes right down to boiling down those distractions and taking them in stride a Lot of them really are irrelevant Okay, the market's down. Okay, there's always two ways of looking at every single inject you get All right, if you think you've got a perceived negative make it a positive Okay, if you think your portfolio is down and you think oh my god again I just I first of all I need to clean out my shorts because I didn't sign up for this I didn't sign up for losing money.  I got news for you You signed up to be a stock market investor, man. You got to accept it full kitten caboodle All right stock market investing doesn't allow you to just enjoy when the market goes up and expect that the market It's never gonna go down. I've said this many many times through the channel. I don't sugarcoat this deal Okay, there's no sugar on the stock market the stock market is just what it is Okay, accept it for what it is.  I didn't say that Okay, control everything that you can control in the stock market and the stuff that you can't control Leave it alone Stop trying to control that stuff. Okay, focus on your plan focus on the stuff that you can control Hey contribute a little bit more like I've done increasing from 10% to 20% and my employer sponsored thrift savings plan that I have Right, that's in my control Understand guys. Okay, if the stock market gets you down from the volatility go find something else to do I don't know pick a hobby. Okay, maybe you can be a better guitar player than me I don't know don't jump in a pool cool your head down go wax your truck like I did today It looks great. It looks great by the way Avoid those distractions. Okay, it's okay like myself to acknowledge that getting kicked in the nuts hurts Okay, it hurts over and over again like the shallowne monks watch the videos man of the shallowne months getting kicked in The nuts over and over again. That was like today. Okay. Well, what are you gonna do?  All right, go wax that truck. All right, you'll be all right Let's jump in here and check what the damage is Week over week here down just marginally. You can see here that we're fully invested here. I Did liquidate Amazon again Matt Matt money is probably getting his tomatoes Ready to throw through the screen at me and he knows full well that he's not gonna hit me from Houston But he's probably getting the tomatoes and he's a lot probably like Ryan Amazon's going to 4,000 He's right. It was a portfolio positioning move and I took profits today because it ran up like a champion the last two days And it was the loan element to the portfolio that it was up today around 3500 I went ahead and sold it. I didn't have a whole lot of wiggle room there at the top Amazon's Finish down today a couple bits Fair market value on Amazon is about forty two hundred and fifty dollars And I would agree with Matt on his assessment that it's still a buy here at 35 But from a portfolio positioning perspective, I went ahead and took some swing trading profits and wished today Which I still have the puts right so I win in either market But the 300 shares that I made again a nice secondary Swing trading profit on I went ahead and liquidated that Because I've got it caught in a range here Right, so I want to profit on that wish isn't one of those companies that I'm really that excited about owning long There's a lot to be excited about but that's just not my bull. My bull is highly on okay So you won't see Amazon here. We'll go into the weekend not owning Amazon, which I'm totally fine Amazon's not going anywhere if I wanted to buy it back on Monday on a huge freakin hundred dollar a sheer dip I could do that and quite honestly guys Amazon's volatile last week just early last week. It was trading in the low three 3000s. Okay, so it does give you those opportunities Lockheed Martin stepped back into obviously we got we got crushed like a cacucaracha This week on anything that we entered brand new so we got squishy squishy and I got to watch my money vaporize That was fun But 109 102 in this account nothing too crazy the cues Lend I was super bullish about in the materials I've been crushed like the cacucaracha in lend as well, but it is a quality company best in breed I'm super stoked to own it, but it's so nice to enter into the stock at 300 and see it trading here in the low 280s if you heard me out My pain can be your pleasure By all means buy a little position and lend here. You'll be glad you did. All right, because you're probably getting a pretty good entry AT&T, what can I say?  That's the only one that I'm really the fundamentals have changed And I don't know if the strategic wager that they're making on 5g is gonna work out I'm betting that it does But it's kind of irritating to sit back and watch this juggernaut and my 315 share position Vaporize from the 30 mark and and now it's down to 28 and change something like that But anyway, we'll live to fight another day Roth number one here 126 206 you guys can see the sparkline. I was down in every account that I have So like when I'm kind of like it was a good week, you know I come on and like and now it's down I don't think you'll find a whole lot of change in my demeanor Like I'm just not coming in and being like, I don't know man I don't know but let me give you a piece of my insight right now on stock market investing I'm I'm willing to drive this chariot of on fire to hell in a handbasket if needs be okay I'm willing to to have confidence in my program. No matter what Right, so ask yourself if you've got that thousand dollars of capital And you've been working with the market for you know a month Right ask yourself. How would you feel if the stock market went down 50% you were down half in your money? Okay, you're down to five hundred dollars. How would I feel?  I could have bought a Lamborghini man. I'm now I'm down I'm willing to Pledge my loyalty as an empowered investor to what it is that I know works in the stock market Devotion cost savings self-directed investing and that is what's going to Really empower the retail investor out there not succumbing to every influence and every inject So we're left confused about what to do with our own damn program. Okay Very very crystal clear on my program. What really is the difference between what it was last week at 129? I believe and now 126 a few thousand bucks. We're off a little bit. We'll we'll live to fight another week Who knows when I come and report to you guys Next week one of two things are gonna happen either. It's gonna be up or it's gonna be down. Okay? I'm perfectly open to accepting either outcome. Okay, nothing really has changed here Facebook big position 25 shares Facebook within the Roth IRA. This would be a final I'm done swing trading Facebook. That was about a half a dozen having some fun with it makes the money trimming off some profits between the 330 and 335 range, right? Yeah Is it 335 or 235 235 yeah 230 235 that range right there I think it's ready to break out. So I went ahead and put the big 25 share position on will hold that long Do-do-do-do-do-do scanning nothing else changed pretty cash Lean right now in our investing posture. Am I satisfied with that? Yeah, I'm pretty neutral Be honest with you. I'd like to have more cash But what we have in cash right now now will suffice with what I think is Kind of overblown especially in the short short term About this little blip that we're having in the stock market This could blow over and turn around next week and then it'll be just like every other of the last 100 blips on the radar as a big nothing burger Okay No, so there it is spark line down just to touch week over week anyway. All right, and this is Roth to No real crazy additions. Oh, I did liquidate the affirm and the a song holdings Made some really good swing trading profit on there. I did so I've got the tickers there Those are no longer in the portfolio. Those are the only liquidations to brag about here Yeah Exxon mobile that was doing really really good. That's turning into a gargantuan position in this portfolio CRM back in the black on CRM. We're looking good there Values come off a little bit Google. We're still sitting on some really good profit Apple is starting to really really do some nice work off of the low 120s back up to 130 again yep, so not a whole lot's changed here and 122 I think last week we were 126 I think this portfolio. This is mine. This took the most damage Which is fine as long as I can avoid my wife taking the most damage in the portfolio, then we're good All right, I'll take all the damage. I wish I could take all her damage in my portfolio That'd be awesome, right? I Don't know never even heard of that. But if I could work something out, I would 16266 we're down a little touch here in the passive portfolio So when I buy to this right always looking at the good in the situation We'll put the funding in there. I believe I do that around the 21st or 22nd So those new fundings will flow in there on the 22nd. We'll buy these ETFs a little cheaper Hopefully unless the stock markets up next week 500 to open on Monday, which is a distinct possibility We're still in a multi-year Megabol run here. So Anything can happen. All right, and there's the little 71 stock portfolio with M1 finance very cool stuff 18392 It's looking like it'll pull back off of that $20,000 mark and we'll have to do a little more work on this But great account will continue to DCA this up I'm monitoring this sucker because I look at the independent investor channel the same way I look at my buckets for investing. Okay, each of these feelers, right? They're all subscribers. They're all over the world Okay, they're all doing their thing. Well, my buckets are doing the same thing each bucket has its own personality Okay, this bucket I monitor these buckets now again, right after I clean my shorts out Right because I've just panicked myself out of the market and while I came across this YouTube channel with four People that say are telling me that the stock markets crash and they told me to tune into them So I had to tune into them. This was after I cleaned my shorts, right?  It's the apocalypse. It's the end of the world You know, I just had one of my colleagues asked me at work is like man Ryan When are you gonna start enjoying all your money? I was like, oh boy, if I could give you my perspective I love life right now. It has nothing to do with the size of my wad. I Don't know some day when I can go and buy 10 Corvettes that that'll be the day I'll go buy one and I'll be like, okay, man This is really quite cool and I will too like it's it's okay It's relative for the people that I know that have a lot of money and they want to enjoy that money That's awesome. What does that have to do with me? Like I'm happy with for you. I'm also happy with me. I Don't I don't need to I don't my citizen watch, man That's my favorite thing because it demonstrates to people that I bargained shop that it was a $600 watch at the time that I bought it and I bought it from New York for $290 online. It was a display model It was brand new and I bought it like shoot eight years ago That suckers paying me back right now that that's the perspective that I'm talking about I like Rolexes. I like Matt's Rolex for crying out loud.  I'm like, that's what awesome Matt I digress This is not for me, right? What'll be for me is what evolves in my life and maybe I can share little insights and I have no problem with that I look at money as a completely different topic than most people. I I Just don't understand why a lot of people are like, I can't talk about money. You're crazy.  It's okay. It's paper. It's really cool looking paper with green prints on it. It's really cool This is the one that surprised me the most actually and this is the one that I've upped from 10% to 20% So we talk about little things that we can do and I'm gonna get into the list now I've got a half hour left and I do want to get into this lesson the lesson Jesus This is YouTube for crying out loud. I I'm sorry I think there is a little bit of teaching element to my approach because I This is why I'm the only YouTube channel that I watch because I'm like dang Okay, a little bit of entertainment. All right, a little bit of cussing and some people are offended by that Sorry for those people that come in and bless the channel, but it's just me. I apologize Got to be a little entertaining got to be a little scathing. That'll be a little edgy, but we got to be a little bit Educating as well and try to get that what I'm trying to give you Okay, get it out. It's got to come from here to here to here through YouTube and out to the social media audience That's just how it's got to roll. This one surprised me a little bit down a little bit in here I'm really excited about upping the contributions to this So if you're thinking okay, well, maybe this is it Ryan's talking about maybe I don't know the market's been at an all-time high for a Long time multi-year bull bull market, right? And I've been doing two three four five percent to my 401k 403b etc etc. I really like it. It's performed quite well if I think it's gonna roll off right and come back down That's the time where you want to incrementally contribute more But the market's going down Ryan. Yeah, that's the time you want to contribute more Wait a minute this youtubers telling me to run for the prepper bunker and dive in head first Get the canned food ready What gives Ryan I don't understand The more in this life you can identify what it is that you need to do a contrary to public opinion contrary to groupthink and Contrary to what every influencer out there seemingly has as far as a best answer for you Do the opposite the better off you'll be Yeah, the more the market goes down the more I'm buying It just makes sense to me where a lot of people would look at me and they're like you crazy That's crazy Ryan the market's going down. You lose money. You lose money. What are you doing? You crazy, man? I'm probably one of the most sane people that you'll ever know whether or not I get to meet you in reality or through social media I'm probably one of the most sane people that you'll ever want to meet. Yeah You betcha No, that's boring. I don't want to talk about options. I've already talked about how good we're doing with options There it is. This is still pending. This is the Bitcoin Roth IRA Kind of excited I'll roll out a hot roll out for you guys. This is just the soft roll out of what my My thought process is on this. Okay Starting this account is a little bit Unnerving for me a little bit. I'm kind of like, yeah, I don't know how that feels, you know I'm not sure and the process to get the thing started with I trust has been Okay, all right starting a brokerage or rolling funds from one broker.  I had a fidelity to TD Tim. Oh, Ryan does Merrill. I'm gonna do Merrill I'm gonna do M1. I'm gonna do this I'm Robin Hood is great for a week and then I'm gonna liquidate and move on try to pick stick and stay here But when I do the hard roll out of how this thing shakes out all chronicle the entire thing basically I'm taking $2,500 of already contributed Roth dollars and rolling those dollars over into the Bitcoin account here and I don't know how I feel about it. I don't know man If I if it makes me like 10 25 50 800 thousand dollars, I don't know I'll still be like, I don't know man. I don't know It's opportunity cost. It's becoming a cryptocurrency investor or not It's taking $2,500 which is less than half of a percent of the total portfolio and Becoming an investor in the two cryptocurrencies that I'm interested in Ethereum and Bitcoin. That's it. Okay, so it's a good start It allows me to become an investor in it But we'll chronicle that just gives another element. It's the truth. This is what we're doing Some of you guys I had a comment come through the channel this week that got my attention and he said Ryan I really appreciate your transparency on the channel I don't agree with everything that you do, but I do respect your transparency and your your forthcomingness on the channel And I it got me thinking and I was like that that actually is great I love people coming on and giving me high fives and being like you're the greatest Ryan you you rock If you knew I'm just a regular regular fella where I put my pants on the same as everybody else I go to the bathroom the same as everybody else. Okay, and it's like um I do appreciate that but it makes people Makes me think that people out there are doing thinking on their own and that really is the key for me Yeah, that's the whole point to this whole gig and hopefully that's the takeaway. I Try to draw a distinction between You know people just allowing themselves to come into the message sit back consume and do That that that is not what my program is Like I just find it funny how I'm inviting people in because the stock market is crashing and and therefore Because I'm the all-knowing stock market YouTube feller feller deler deler that you need to do this right now because I have the answers and It implies that you do not in fact have said answers So therefore sit down shut up cross your legs listen to what I have to say and do said tasking I don't believe in that So there we are. There's the $10,000 bill that we donated to the stock gods this week So I hope they enjoy it. They're probably all eating their grapes and drinking their wine with my harder and $10,000 It's all good It's all good Fantastic i'm gonna get to comments here and i'm gonna try to trickle in this lesson for sure All right says who says google tank down just 1% I'm up a fortune in google google's a fantastic investment. So is facebook so is amazon really i mean With the power of what we roll out for products on this channel and other channels mats and You know some of the others in the community here. I see hidden freedom. Dave's in the group here A lot of good content creators a lot of good investing minds, etc. Blah blah blah The whole point is look man Don't invest in the company if you don't want to invest in the damn thing And if you are interested in it, you could be like a dang this google thing. I've heard of this thing man This is pretty cool. Yeah, you've heard of google. Jesus christ. Do you pull it? You probably pull it up on your personal browser a half a dozen times a day Um, that is powerful folks. That's powerful google makes an a truckload of money And you say well, okay, it's trading at a pretty rich valuation. No, it's not Um, I think all the big ones amazon. I think facebook. I think google Those are trading at very very, uh controlled valuations And I think you could pick them up with the with the accounts that allow you partial share buys now with fidelity and m1 finance If that's your thing you can find access to these companies if you want to own them So, um, I'm kind of with mad on this I I own google long and I I don't look at google as one of those that I Um wanted to trade that's within the Roth and and I understand I traded out of amazon today. I owned Six shares of it.  I wrote it down into the low threes The first time It was a portfolio positioning move I could be wrong I could be right at the end of the day amazon's not going anywhere But I tend to agree with you I own three shares of google. It's a pretty big position for me I'm satisfied with it if I could buy 25 shares of google I would I think it's relative I think if you could own a half a share of google I think it would embolden your portfolio in in the telecom space. I I love the name. I really do. I think it's a beast yep arg facebook Uh, they started to experiment with putting ads and vr and it was coming as well. Well, see they have, um Revolutionized the billboard business. Okay, facebook dominates the landscape. So what facebook wants to do? they can do Right, they raise they raise prices every single year on their customers. Why? Because they can They make a ton of money Right, so again, it kind of comes down to this an investing channel, right?  You're missing the point. Okay um I just entered into 25 shares of facebook beginning of this week. I'm down marginally nothing too crazy Facebook really held in there this week if you didn't notice And it's one of those again in the telecom space.  Had you invested in facebook two years ago? Where would you be? Do your own homework. You'd be up a fortune, right? If you had invested in legacy telecom Verizon and at&t, where would you be? right So some things that we deliberate on. Yes, they would have paid you a nice healthy dividend at&t Right on the side on that one. Verizon's a good safe play and it can work in a lot of portfolios I get it. I own them both. Okay. I own all three. I own all four google facebook Verizon and at&t and disney in the telecom space, right? But each of those have their own personalities and give you a little different angle to what you're trying to get Out of these fine companies. They're all really good companies guys. Okay, we're talking about the best of the best here The the real niche and the ace in the independent investor repertoire is how you own these assets That that's the key. Okay, anybody can start a robin hood account Okay, anybody can start a fidelity a brokerage account. You want to jam these names into those accounts? Anybody can own them access to the stock market.  Okay I think a lot of people look at the landscape of all the options and they're like I'll take this option and I'll take this option I'll take I'll let me reach over here and grab this option here And I'm going to put them in my basket and then I'm going to hope All right, it takes all free will and choice out of the matter now the choice aspect is the positive piece, right? You don't have to jump on every opportunity that comes your way and there's going to always be multitudes of options out there for you All right The disconnect is how you deal with the choice and which options you look to choose To to start that nucleus Of a wealth building program for yourself that that's going to be the key. Okay Very cool stuff, man Got a viper in the group growth through growth the wealth funds and dibs when it turns Um, own it all That's my thing, baby Yeah, own those single stock dividends Own the dividend dts own the triple cues own the vti Own the s and p 500 lots of cool stuff out there Everything that I just outlined for you guys is a great structural framework to start to look at and then you can be like boom Ryan just gave us a half a dozen options Not infinite options, which they're out there like seriously if you want to put AMC into the youtube search You can find all kinds of bullish thesis on AMC if that's your thing. Okay, but That's not what you're going to find with my channel. That's not where I see value for the masses Okay, can you make money with any stock penny stocks any stock out there? Yes, it can be very very lucrative and it can also be very very destructive Okay, we want to try to stay away from those destructive options We want to try to continue to footstomp those good options out there that can really accumulate some very very good capital folks. All right all right Let's get into this problems and solutions. All right when the title of this video tonight is to Unf your mind. Okay. I couldn't put it in the youtube search But I wanted to get people's attention really you have to You have to trick your mind. Okay. You have to mind f yourself. Okay to make sure that you can Live from week to week and say, you know what? Yeah, I lost seven grand this week. No big deal I live to fight another day. Could you do that? You you you can if you evolve as a stock market investor, all right But this is the list of the problems that I just outlined on a on a brainstorming session The portfolio is down. These are topics for a lot of youtube videos by the way Stock market is down. Okay stocks are crashing. That's one of my favorite ones Sentiment to shifting. That's a good one, right? It's like they've got a basket of really bad news and they keep it on retainer until the stock market gives an indication That cnbc can reach into that basket and start selling you a bunch of negative garbage again They got all kinds of stuff man. When was the last time you heard about the national debt? Mark my words. It'll come up man when the sentiment shifts. All right. I'm stuck holding the bag I have no options Really good one the problem in and of itself is investing Okay, investing is the problem You as a retail investor should not have ample knowledge to negotiate this and end up a successful investor down the line into retirement new new new that's not going to work for me, baby Here's the solutions to each of those that I just gave okay When the portfolios down the shares itself are unchanged to make the mistake wealth building is about accumulating shares Not paying attention in the short term in the medium term to what the dollar figure is always doing And that's what everybody wants you to focus on man. It's not important let it go If you're truly investing for the next 20 30 40 years Why does it matter what it does in one day of the stock market 7 000?  You'd get a million views because I just don't think it's that big of a deal Just it's not that big of a deal in the long term Right if I were to go back five years and look about all the accumulated wealth Right, I just rolled out how much accumulated wealth. I've been able to Roll in this portfolio over the last five years. Why would I just forget all that and be like and get all crazy And up in arms about one day in the market. It's futile and it's irrelevant. All right Stocks are cheaper when the market goes down stocks get cheaper. All right So when the market's crashing Okay, that should be you kind of chomping at the bit. All right be like that rattlesnake Okay, hunkered waiting and when that sucker comes boom you pounce on it. Did I wake you up? Good. I hope I didn't spill that cup of joe. She knows what I'm talking about. All right uh Correcting, I can't even read my own writing. Geez Louise. I'm like dyslexic. Um When the symptom into shifting, right the solution is to ask yourself, are you in it for the short term or the long term? Okay, that that's the key there. Okay now to differentiate The no control items and the items that you have control over. Here's the no control item This is the world around you. Okay, you guys watch Star Wars the force field, right? Okay, right that that protects the death star. All right. This is your force field This is everything that goes on outside of your force field. Okay influencers others youtube Hell put me in this category if you want to no problem influencers Okay, this can be things that you have no control. You can't control what I say You can't control what other influencers say what you can control is how you receive said information big big difference Okay, making sure that you're not influenced by everything that comes across your way making sure you have a strong strong mindset Um, no control in the short term stock market You don't have any control over it. Let it go You want to sign up to be a stock market that you only want a stock market that goes up every day I don't know a market like that. Okay, so you I would rather say don't be an investor if that's what your Um, unrealistic expectations of the market are just don't invest. Okay. You got to take the whole kit and caboodle That's what you got to do. All right No control surprises Ups and downs geopolitical injects A global pandemic you can't control that stuff guys Don't take it so personally when these things come into the market Inflation starts to tick up lumber prices become too expensive to buy a house houses now are worth 250,000 in virginia beach and they're selling for 500,000. That's just my soapbox. I'm a little sore on that. All right Influences, okay the influence is it outside of your bubble. You can't control that stuff You have no control over the distractions that exist Okay, but the positives that relate to distractions are these Focus you can overcome distraction Focus on your program your conviction to your program. Like how vested are you in this program? All right, I I heard one of the guests lashanda She came on with me earlier and she said ryan. This is really cool, man You know, I noticed in myself that I was spending too much on walmart and amazon And so I needed I needed to prove to myself that I could do something with some discipline Some conviction and I said lashanda. You're so right man It's hard after a month of investing to really rationalize that but it will become internal to you and it'll be become part of your life It really will um So the conviction and purpose Why are you doing this? I said think about it. Think about where you're going to be in five years Where are you going to be in 10 years? Where are you going to be in 20 years? Hopefully you're getting ready to hang it up and retire and do some traveling, right?  That's fine. But this fire needs to be internal Okay, until you can tell me what empowered means for you then we still have work to do. All right The options I already talked about the multitude of said options out there, but by nature of choice Okay, earmark a few that makes sense for you. All right You'll see if you really look at my portfolio what you will see Is a multitude of different options that I want exposure to. All right There's a lot of options that aren't part of my portfolio Okay For a long time the option to invest in amgen was out there And I didn't own it I now have a small piece of amgen in the portfolio I have a small piece of elie lily in the portfolio. I had a big chunk of amazon But right now I've got a big position in google facebook, right apple and microsoft So I owned the bigs, right? I said it was a portfolio positioning move for me and it was I wasn't kidding Eventually I will buy an enormous position in amazon With hopefully what I see there's a method to my madness Hopefully leveraging some house money on the highly on meter, which is at 11.5 percent right now when it reaches 100 We'll reevaluate. Okay, and we'll look to scale the portfolio in a way that I see will be possible down the line Is it going to be next week? I don't know. Is it going to be next month? I don't know that the next earmarks for the Highly on project are ladder 2021 to start delivering the v2 hybrid option very excited about said product and start to roll out the demo models the hyper truck erx very very exciting stuff I'm a big shareholder in the company and it's going to be a lot of fun This is going to be the investment of my lifetime. I have 100 percent conviction and If it ends up crashing and burning you'll all be on the sideline to watch it. My pain will be your Will be your pleasure Just kidding. All right, but I openly share my conviction with youtube and good on me for doing that. I could be dead wrong Um, I think it would be interesting for you to entertain the idea that i'm dead, right? Yeah Yeah All right, very cool. So we talked about that One of the problems that I find is complacency and the very nature that you guys have made your way in here for yet Another friday livestream Really is the fuel that feeds my fire But take some solace and understanding that that's a key element We fall off in the summer for our viewership and that's totally fine I've been doing youtube a long long time and come into the winter time People will be coming back to the message Hopefully maybe they've maybe they've gone forever. I don't know. It's that's fine, too I can't control that stuff Okay, back to my point what it is that I can control on the independent investor message Is my passion my devotion my effort that I put forth Right the the the laser focus that I put out there for you guys and I do that So you can really resonate with the idea of not just saying empowered but feeling it Feeling what it means to be an empowered investor walk around with your head a little bit higher Why because you know shit that the next person doesn't know Yep All right That concludes the lesson for this week. Hope you guys appreciated that very very cool Outdoor video man semis fuel everyone's fire We need we need we need some eyes. We need semi conductors, so I'm not sure what you're talking about there, but Yeah, we'll see what happens man. We need to move the highly on meter. We'll be fine. That would be great I don't foresee that happening in the next couple months. We're in kind of a hiatus. There's been some really good Reports back on the product and how well it performs in the field. They're fine tuning. They're taking that information They'll incorporate that into the v2 And man alive. I've I've never been so excited about being a share. I bought more highly on today actually Yes, I did bought some more highly on in the portfolio So a lot of fun, man The highly on meter is not going to stay at 11 and a half percent right for a while It's just it's not going to stay here forever, baby. And when she moves she's going to move like a rocket Actually, I hope that doesn't happen I hope it goes up nice slow and steady into the right That's what I want because I'm willing to hold it for the long term I say a hundred I say that tongue-in-cheek because I may just pull off the jack move of the century and continue to let it ride at a hundred. Yeah I'm Crazy enough to do that. I don't think crazy is a fair word I'm a disciplined enough investor to actually do that to where I can swing trade An amazon and take some profits I can digress and and put to work the application that's necessary And it'll be a big decision. It really will all chronicle it through the channel and share with you guys What it is that I decide to do. Holy smokes. Forgot it was friday Well, if I forgot it was friday, you guys be staring at a blank chair So that that's not going to work. Okay. It's not going to work. It's not going to work for me I actually look forward to this product. I really do cool Use 90 proof or above alcohol. I use heat from right. You guys are talking about a home remedy. I'm sure Thank you ashonda for coming on and saying hello. That was fantastic She said she's hearing the message out. It's new to her new investor to the game I want to make sure that everybody feels welcome, man It's not even an open door policy implies that at some point the door is closed and it's not The the social media opportunity to provide awareness pieces to investing Are open to everybody out there everybody Hey, and I think in some form or fashion A lot of people come to me and they're like, hey Can you give me something to make this make a little bit more sense to me in my life? You bet. We can do that. We really can but I think a lot of people have that capability themselves And I think lashonda proved that to me before tonight. So really really cool It's great to have you as part of the community Absolutely, and we'll keep on foot stomping the message Rebecca's in the house first. I beat all good Um, I don't I don't know if you were first. I see some people here. You listen listen. You're always first in my mind. All right Yep, you're part of this community. All you got to do is just uh stamp your card. That's it No, I've always said that your involvement in the independent investor community Is predicated upon your success. It's that simple Um, I would hate to think that I get on here and I've got the definitive all-knowing advice That I push out there and all said patrons can Uh find success in uh the all-knowing words that ryan pushes out I just don't I don't believe that that exists in nature yeah, and um Just like george carland man. One of the great realists of our day. One of the great comedic minds Just be grounded with your application. Okay I try really really hard to push out A message that can resonate with a lot of different people that will catch this live stream Not only first first hand But also the folks especially from around the globe that catch it the next day Yep, I want you guys to feel like you're part of something special Because you are you are You are I don't care if there's 51 people in here or 510 people or 5 000 if we ever get to those numbers 50 000 I don't know and I don't really care um, I will be steadfast in my application to roll this product out because As long as I can stay steadfast and close to the vest and grounded in the message The net has the most potential to get through to the people that we're looking to get through to Okay, that's why it makes sense. All right got to stay true to myself man at the end of the day I can sleep easy knowing that we put forward maximum effort and That we had the potential to impact the the majority of people who make their way into the message Or have even heard about the message let alone find their way into the message Not too much, man. I got the got the truck all waxed up today victor. He's pretty happy about that man Fantastic my brother from another mother. There's jared with a big largemouth bass Fantastic jared. He's probably like no it's a crappie ryan.  It's a bluegill I'll bet it's one of those three looks like a largemouth bass to me Very cool stuff, man Dividend driver james is in the house man. Good friend of the family. You bet you it's great to see Thanks so much for all your support over the years man. He's one of our truck drivers out there and You know, he's one of those me and him go go back and forth on on whether or not this highly on thing is a good thing or not verdict is still out a little bit premature to call but um, you know the their Their initiative is good That they're reducing the carbon footprint is the idea here. Yeah. Yeah less than a minute here, man. I'm gonna cruise down and see Matt says daddy. That's right, son. That's right. I'll always be there for you, son All right, spread them wings and fly son. All right, but I'll always be there for you. All right Don't ever forget that I only do colonies fantastic I'm not a financial advisor. This is for entertainment purposes only said disclaimer is in the description of every video that I roll out No, I think we're beyond that on youtube for crying out loud Jesus, I would hate to be a financial planner right now Jesus This is one of the best investing channels on youtube. Uh, what can I say? I make this short and sweet. I agree with you It's the only one I watch I like what this guy has to say he's down to earth Yeah, he doesn't act like everything he says is gospel Yeah, speaks the truth Got a lot of experience experience in the stock market This is where a lot of what I say comes from experience in the market.   Maybe we're all right You know That comes from a deeper place that of which I can't give you in 60 minutes However, collectively I'm willing to give it to you as often as this project calls for guys So we are over the 60 minutes. I couldn't get to all the comments guys I I sit here before the live stream and I always wonder if this is going to be the live stream where we have zero attendees and we keep the streak alive with you guys And the channel creators and subscribers alike the independent investor channel project Really appreciate you guys. It wouldn't go without you guys I'm just here to facilitate the business share my story and help you guys write your own So with that we will sign off. We'll be back with you nine o'clock eastern standard time Next friday on the independent investor channel live stream Have a great great rest of the week and be safe and we'll catch you next friday


Hello, Catamount families. We have just a few days to go before many students will be heading home for winter break. It's been an incredible semester, and students have been so purposeful in making this campus community vibrant in the context of the ongoing pandemic. I'm standing outside the Howe Library right now, which is full of students preparing for their last exams and finishing final papers, and their commitment to learning and living together in person has been extraordinary. Many of you will be welcoming home a student who last year spent a lot of time at home. Here, they've established or re-established some pretty big freedoms. Coming home, you may see new routines, new identities, and new ideas. This can be unexpected when we think we know and understand our young adults already, and it's important to make space for these changes when they're back home. So, how do you support continuing growth? One of the primary ways is by offering open-ended questions, and a question such as, what class did you find yourself most drawn to? Can be a great starting point for reflection about this semester and the future. Many students find they're thriving in spaces outside academics, in student government, activism, club activities, and this is all nourishment for their growth. They're being held up by their peers in participating and feeling included in ways that are new and affirming. A question such as, where do you feel like you're really fully yourself can lead to a conversation about choice-making next semester or a potential life trajectory, and your choice to listen deeply is a gift to your student. Keeping an ear out for what brings your student joy and energy will help them synthesize all they're experiencing, and your curiosity lets them know that you respect and understand and want to engage with them in this journey. College is a concentrated time of growth. Here at UVM, our appreciation for that growth never stops, and we are so grateful to you for sharing your amazing students with us, and for your commitment and partnership in their journey. Have a great winter break.


Meanwhile, the Oregon State Governor, Dakbo Abiodon has returned from a foreign trip and signed a bill to regulate animal grazing and establishment of cattle ranching in the state interlore. Shortly after his return, Abiodon called for a security council meeting which was held at the governor's office and assented to the bill. The state House of Assembly had on July 8th this year passed the bill. The speaker, or luckily or no more, subsequently transmitted a clean copy to Governor Dakbo Abiodon for arson. The bill was passed after unanimous vote by the lawmakers at a meeting where the bill was read for the Fed time.


Internal Revenue Service IRS tax news tax time guide make irs.gov irs.gov the irs website the first stop for tax help why because that's the only help you're gonna get this year actually I added that last bit but anyways here we go IR 2022-35 February 16th 2022 Washington with phone volumes continuing at historic levels the internal revenue service reminds taxpayers irs.gov irs.gov the irs website should be the first stop for taxpayers seeking information and help with their federal taxes so we've known for some time they've been giving information for some time that they're quite backed up both in terms of prior year tax returns that need help for the processing they're currently in tax season and now they're backed up on well they're gonna have the current tax returns that are going through at this point in time as well and the phone volumes is something that they've had a lot of problems with so depending on how you're contacting the irs if you're trying to contact them by phone the likelihood that you actually get through to somebody is fairly low I mean the rates are not that good at this point in time so just for your own sanity you probably want to be starting when asking questions about the irs and taxes going to the irs website possibly trying to set up your account on irs website and see if you could get the information you need from there the irs has multiple different reasons why they're backed up at this point in time partly because through the COVID pandemic thing all the many laws have been changing so the tax code has been changing a lot and a lot of the things that the government is trying to do to help out during this time are basically things that are going through the irs things like stimulus payments things like changing the tax laws things like the child tax credit and the advanced child tax credit so those are all big changes and added work to the irs and then of course when they're trying to trying to force down these mandates on on masking and social distancing and whatnot and trying to trying to enforce that or make businesses do that kind of thing that that means that all those kind of restrictions that are going to make things difficult are actually falling on the Fed first because that's who they have control over first so the Fed and the irs included is probably quite backed up and quite a mess at this point in time so you might not be contacting them by phone too easily and you're going to want to go to their website and pick up the information there and not frustrate yourself too much and just realize that they're most likely very seriously backed up here so available available around the clock irs.gov has a variety of online tools applications and resources there's links to that here available to help people prepare and file their taxes or help with refund tracking research tools like the interactive tax assistance and answers for frequently asked questions there's links to those items here provide in-depth answers on many tax subjects prepare and file taxes online for free taxpayers can use irs free file there's a link to that here that's going to be where you're going to have links third-party software that are typically offering if your income is below a certain threshold the capacity to do this do the tax return for free and with all the changes to the tax law especially for the load of moderate income families and individuals that's where a lot of the changes have happened the low income tax returns are actually probably more complicated due to these refundable credits that can be quite complicated in terms of the earned income tax credit the child tax credit the advanced child tax credit possibly the marketplace deal with the insurance and whatnot those things are kind of complex you need basically software or i would think most people would want software to come come you know calculate that kind of stuff and so you might get access to the free software here out to prepare file their returns they can also set up direct deposit for their refunds which is the fastest way to get their money now remember that if you do anything at this point in time that that makes the tax return not basically be able to automatically be processed it's likely that it's going to be need some actual physical person to take a look at it at the irs and physical people are not allowed in the building because they've sterilized the entire building and that's now that's haven't gone that far but you know there that's where the problem is so they're backed up on that kind of stuff so you want to try to fill out your tax return as properly as possible without any kind of things that are going to trigger their side to need some actual physical people looking at it and so then you want to electronically file typically make sure that you have all your documentation lining up on your tax return to the 1099s the w2s and so on and so forth and if you do the direct deposit if it's a refund then that would make it more automated as well typically so irs free file software products are part of a 20-year partnership with leading tax software providers and make their online tax preparation products available for free with the irs free file is available to any person or family who earns 73 thousand dollars or less in 2021 this represents about 70 percent of taxpayers the irs free file is free when eligible taxpayers go through irs.gov forward slash free file there's a link to that here in addition free file fillable forms the electronic version of paper irs forms are available to all taxpayers earning any income amount now that's a little bit more difficult to use the free file fillable forms because you're basically doing it kind of more by hand but with like pdf files and so that you know that takes a lot more you probably want the software i would try to get the software to help you out with the interview type of process and can give you kind of some internal controls and checks against making errors so they're most useful for those who are comfortable preparing and filling out their own taxes online there's also mill tax there's a link to that here also available for members of the military and qualifying veterans so mill tax if you have the capacity to do that if you're a member of the military it might be more geared towards people in the military but i'm not sure if it's actually better than some of these other free softwares that might have the capacity to fill out the tax return or should you would think for the military as well even though it's not geared towards that the reason i'm kind of i'm not totally sure is because you know obviously the the proprietary software is being tested on the market and so and whereas the mill tax is something that's been done by the government and so i'm not sure if they're keeping up with you know competitive market standards or not maybe they are maybe it's good maybe it's not never used it before but there it is the department of defense program generally offers free online tax preparation and e-filing software for federal returns and up to three state returns users can also set up direct deposit for their refunds find answers with the interactive tax assistant there's a link to that here the interactive tax assistant answers general tax law questions including helping to determine if a type of income is taxable or if someone is eligible to claim certain credits and deductions with changes to income and other life events for many in 2021 tax credits and deductions can mean more money in the taxpayers pocket get an identity protection pin an identity protection pin the ip pin is a six digit number that prevents criminals from filing a fraudulent tax return using another taxpayer social security number the ip pin is known only to the taxpayer and the irs and helps the irs verify taxpayers identity when they file their electronic or paper tax return so obviously at this point in time because of of the changes to the laws and we got the earned income tax credits to recovery rebate credits and the the stimulus payments and basically all this stuff the child tax credit the advanced child tax credits the identity theft is becoming a bigger more valuable type of thing if someone could fraudulently basically prepare tax returns and possibly get access to some of these credits and whatnot so so it's like it's more likely that this kind of identity theft thing could go up so one way you can kind of guard against that you might be said well how am i how in the world am i going to guard against my social security number being out there at this digital age at this point in time when i've had it since i'm a child and i've had to give it to every financial institution and work in institution and whatnot i've ever done business with my entire life and whatnot so one way to do that would be to say well with the irs that you can get another identity pin number so that someone cannot you can preemptively try to stop someone from filing a fraudulent tax return with your personal information if they have access to your social security number so it's a bit more of a hassle on your end to do that but if you prevent someone from filing a fraudulent tax return and have to go through the trouble of then telling the irs no that wasn't me that filed it and then filing it again and whatnot then it could be it could be a good you know a good preventative thing especially if you know that your your identity information has been compromised so locate locate local free tax preparation the irs volunteers income tax assistance the v ita there's a link to that here program offers free basic tax return preparation electronic filing indirect deposit of refunds to qualify taxpayers the program is free for people who generally make $58,000 or less those with disabilities taxpayers with English as a second language the tax counseling for the elderly the tce there's a link to that here program also offers free tax help for taxpayers particularly those age 60 and older the v ita slash tce site locator there's a link to that here can help eligible taxpayers find the nearest community based the ita slash tce site staffed by irs trained and certified volunteers there's a link to that here find a local tax professional irs.gov offers a searchable directory that helps taxpayers find qualified local tax professionals there's a link to that here in their area the list can be sorted by credentials and qualifications irs tips for choosing a tax preparer and how to avoid unethical ghost return preparers there's links to that here are important starting points before hiring a tax professional online account can help taxpayers can securely access their individual online account to view important information they can use to file an accurate tax return this includes so you can log into the irs kind of like you log into your bank and whatnot before they were trying to do facial recognition so you might have thought you know that it was kind of ridiculous to try to log in before because you know it's like my bank doesn't want facial recognition but i think they stopped that now so they stopped that they're not trying to they're not trying to get the facial recognition so it should be easier to get into your online account which would be nice because you might have some information necessary including advanced child tax credit and economic impact payment account amounts total amounts of advanced child tax credit payments and economic impact payments need to take complete an accurate return and fund on the tax records page so they sent out these advanced child tax credit and the economic impact credits we know from last year that the economic impact payments and the related recovery rebate credit was one of the areas that people did not get correct or you know there's problems with it of course and it resulted in part of the reason they got the large backlog at this point in time as well we would expect that to happen again because now the child tax credit is new and the economic impact payment so you got to get those payments you know lined up if you want the tax returned to be processed smoothly so adjusted gross income taxpayers can find their agi from their most recently filed tax return this helps if they use a different tax software or tax preparer this year estimate of tax payment amounts the total of any estimated tax payment made during the year or refunds applied as a credit can be found on the account balance page and a record of each payment appears under payment activity communication preference individuals can update their communication preferences they can request personalized email notifications for new digital notices and go paperless for certain notices from the irs tax transcripts taxpayers can view print or download tax transcripts after the irs has processed the return which can show return and or account data they can also find changes or transactions made after they filed their original return make a tax payment taxpayers can make a payment from their bank account through their online account or with irs direct pay an online account they can view up to five years of their payment history and any pending or scheduled payments taxpayers can see their different payment options on irs.gov which include electronic refunds withdrawal during e-filing credit or debit card check or money order or cash at a participating retail store i love that you can pay it in cash that just cracks me up it just it just makes me think that they're if you are getting income you know from i don't anyways set up a payment plan taxpayers can meet their tax obligation in monthly installments by setting up that payment plan on irs.gov forward slash payment plan in a matter of minutes set up fees may apply for some types of plans and offer and compromise is a way for taxpayers to settle their tax debt for less than the full amount be careful with the offer and compromise because that basically means that that you're you're not you don't have the capacity to file so there's there's pretty standard kind of rules to go go through it and you can check all those out in more detail if that's an option for you a pre-qualifier tool is available online if the irs determines that taxpayer is unable to pay it may temporarily delay collection under the taxpayers financial condition improves track refunds with where's my refund taxpayers can receive the most up-to-date information about their tax refund using where's my refund tool on irs.gov and on the official irs mobile app irs to go the irs to go app the super coolest app ever so you can do your irs stuff on your phone which is that's nice it offers great mobile features users can check the status of income tax refund within 24 hours after the irs accepts their electronically filed return or about four weeks after mailing a paper return the irs to go app also provides easy access to mobile friendly payment options like irs direct pay offering a free secure way to pay directly from a bank account it can locate free tax help connect to the to irs social media accounts and can generate login security codes for certain irs online services allowing the retrieval of codes through irs to go instead of using text messages irs outreach connection the outreach connection page provides information for groups inside and outside the tax community subscribers to outreach connection can keep clients employees customers constituents partners and constituents partners and even family connected to tax related users information and materials for tax topics and issues that affect them this release is part of the tax time guide there's a link to that here a series of news releases designed to help taxpayers get the information they need to file tax accurate return additional help is available in publication 17 your federal income tax for individuals on irs.gov so all that is a long-winded way of the iris saying don't call us just look at our website so there's links to all that information here and there'll be links to this in the description