On time and in a hurry welcome to the independent investor channel on a Friday evening. This is nine o'clock eastern standard time I am your host. My name is Ryan. We run a very very professional Livestream here every Friday Try to put the focus on individual investors making sense of a stock market that seemingly pretty cranky right now At least that's my perspective. What do we do about it? How do we adjust? How do we how do we deal with the swings in the stock market? Is there things that we can do should we do anything, right? And so it's those deliberations that we work around the stock markets a great topic for this because it's an infinite one I think it's the one that escapes a lot of people if you are out there and you're interested in putting some capital to risk in the Market the benefits are undeniable. I know that people, you know We'll come to the channel during the short team and be like, you know Ryan, I'm invested for 12 days and this is terrible, right? You get me invested. This is no good. No good, Ryan I'm down down Yet to have a little more perspective about this gig, right? This is a lifetime of evolution of wealth building and the irony and the whole thing is in the short term I think most of the time I could look at my portfolio and say this might be a little bit Banana bit banana boat crazy I you know, like what am I doing if I look at it in the short term with the short term lens in the short term perspective? I think you could come to those rationalizations with how we're used to and Program to looking at money and I think a lot of people can share in that same sentiment And I think a lot of people who've been with the independent investor community know that I do in fact Share my experiences through the stock market But I also relate with people and really try to get the pulse of the stock market what it's doing what it's doling out in The way of some pain, you know, we're 400 points away from the all-time high So I you know, I looked back even as late as Thanksgiving of last year at about the 29,000 mark I mean we're you know, 6,000 points removed of that level here So, you know, I was that when the market goes up the way that it does and the nature that it has of the last real Short-term and I say over the last couple years It's really been conducive to being an investor whether it be a passive investor or a dividend investor During certain pockets of the last couple years For the most part investors unless you really just tried to lose money Have made a significant amount of money in wealth building and I think over the long term That's proven true and I think for a lot of investors that have been Exposing some of their own personal hard earned capital to risk have experienced a lot to the upside, okay? Now the title of this video really is you know, it really was meant to codify Maybe that feeling of an inexperienced investor that looks at their dollars in an uneducated lens or One that lacks experience in stock market investing And I'm going to jump into a lesson a little bit later on in the stream Talk a little bit about what some of those defensive tools are that you can use that you can deploy to make this thing Just a little bit easier to deal with And I think there's investors out there man that can be like Ryan, you know, you're right I don't have the experience you do You might kind of throw around risk a little bit more and and I have just this week I became a crypto investor for the first time this week and we'll talk a little bit about that. It's hardly investing It's hardly investing. I I put it 100% in the gambling category to be honest with you I'll disclose the I trust capital opportunity Why I did it? Why it may not make sense for a lot of people out there, okay? It's going to apply to the very very few that want to put a very very small portion to work With the cryptocurrency element, okay? Now what I looked at when I was looking at the landscape, it was not really that attractive to me high fees High fees on even some of the most popular ETFs grayscale About a 3% clip on the management. I Trust really isn't that much different because you get stuck with a monthly maintenance fee of about $29 and 95 cents That was a real disincentive for me And when they were going through the deliberation about soliciting for an affiliate's marketing opportunity through the independent investor channel They really didn't explain to me that their account minimum is $2,500 and then their fee to enter into a Certain basket of cryptos the top 12. I think is what they offer. I only bought three I bought Bitcoin. I bought Ethereum and I bought Cardano and I Aligned the percentages of exposure to each of those top three cryptos the exact same way that the grayscale ETF works So this is a soft rollout of that I know some people that have joined the channel have watched the I trust capital in the funding Stage and it was there for a while. I was there for a good three weeks Anyway, and I was wondering if it was even going to go through lo and behold it did I I did buy those cryptos. Oh couple days ago anyway, and I'm already down 150 bucks We needed to stay consistent with the losses that have been doled out this week We're down the tune of about $8,000 a week of a week. No big deal I you just imagine how many boxes of Twinkies I could have bought with that 8,000 bucks or how many pints have been and Jerry chunky monkey I could have bought with that and that that's that's some interesting stuff So I did end up opting that to the stock market gods. So again, I hope they're enjoying their grapes and wine on my behalf I'm glad to do that because I look at money a little bit different than most people Okay, especially more than the average bear I have to sometimes look in the mirror and say, you know, are you are you banana boat crazy here Ryan? and how you apply this thing and This makes the most sense to me And I think that's where a lot of people will tune into the channel because they can take a small piece of What I pragmatically look at what a lot of people want to just react upon usually using their natural instinct and I know if they're that scary for a lot of investors out there to look at that and say man You know, that's a good guy. He's terrible. He loses $8,000 in a week. What the heck am I even doing here? YouTube I'll have you know right up front. I I I'm learning to despise YouTube to be honest with you. I Love my audience. I love you guys and I love what your Contribution whether it be a small contribution to the overall community theme that we're looking to promote here In a small capacity or large Now that's the element that we're trying to strike at so a little bit different approach here Independent investor channel now if I've motivated you to get exciting Excited about investing. It's for all the right reasons if you start to expand out your timeline Beyond 42 days and you start to look at the investing opportunity as a little bit more Holistic in your life's approach and not just looking at it. Well, I don't know how you look at it Have you asked yourself that? Okay Why are you entering into an investment program? Why are you putting capital to risk in the stock market? Have you asked those questions of yourself or have you just tuned in to Graham Steffen?  I'm a lot more Realistic as a matter of fact I've probably got more realism trickling out my ear than them than a lot of people out there and I Typically find it ironic when I'm away from social media How I put my pants on I take a shower every morning. I do work a day job I am part of the rat race and and proud to do so. That's quite frankly where I get a lot of the Motivation and incentive for my job There's a lot about social media that I just really just despise and quite frankly have learned not to enjoy This is completely exempt from that category and right now I might just be in a funk and you guys can sit back and enjoy The program and understand my my very calm demeanor perspective on this deal I won't do it unless it's real. I will not manufacture That the product on the independent investor channel for you guys that are new to the independent investor channel Please understand I for what's going on. It seems like hundreds of live streams that I've put through Are all unscripted. Okay. I think The society is scripted at it as it is I think it's refreshing to come on and listen to somebody and I don't take my eyes off the screen Which means I'm not looking at a teleprompter right it all comes from the heart and I think we need more of that I do I think in a in a world that says that You you have to align your life in one way or the other you you have to think along the lines of getting a career that's Respected in the eyes of society Irrespective of what you think of your own desires and your own personal Objectives in your life personal finance may fit into it. Okay I'll be the first to say that if personal finance is going to be something that is counterproductive in your life Then don't do it Some of the happiest times in my life I can remember is when I was broke as a joke living on a fishing boat, Alaska some of the happiest times You know, I don't save more money and invest as aggressively as I do to make more money to be stressed out Because I have more money The irony in that is so many people invest because they think that they want to get to that millionaire status and Therefore everything is going to just dissolve away and everything's gonna be hunky dory Everything is gonna be great when you can go and tell all your friends that you meet that category of fire, right?  I'm gonna be retired. I don't have to squat I could just drive my Corvette around and just show people how how awesome I am. Oh I digress the expectations of society They are rampant and the pressures that are put out there especially on our vulnerable youth is somewhat scary and The cool thing about the live stream opportunity is not only that you guys get to hang out Real time with not only myself, but each other But this stuff will become legacy forever being posted to social media and people can Revisit some of the philosophies and you'll understand that The financial element. Yes is the root and the backbone of the independent investor channel and as unique as taking control over your own Personal finance and your own personal empowerment journey yourself As intriguing and as interesting as that is it is absolutely not commonplace Amongst people and I find that to be extremely ironic. I ask myself all the time. Are you just an anomaly Ryan? Why is it that people can't embrace this idea of taking a lot more ownership over their program? Whereas a lot of people out there Unfortunately, this element of their life is non-existent. So if it's your first time to the independent investor channel welcome Buckle your seatbelt pour yourself a drink.  That's great. We're trying to strike it a nerve a little bit It's all right. All right If I operate with a little bit of sense of urgency for you, all right I can provide a lot of motivation for a lot of people because I'm a pretty Motivated fella now when I do step away from social media. I'm a pretty chill fella I was just in the gym tonight Sweat to the oldies. I figured if the portfolio was gonna sweat $8,000 this week I was gonna go punish myself in the gym and at least be healthy, right? If we're gonna burn the portfolio to the ground, right? We're gonna at least be healthy doing so but The motivation that we dole out on the channel really is is is not to pick fun. It's not man. It's to strike a root of Do you care about this stuff? Right? You ever ask the question? I mean, is it easy just to say hey, honey You know, I we might want to save some money for our for our future I don't know.  It must be easy for you I beg to differ money is not made in that capacity Money is made upstairs It's made upstairs before you make it Rewind Yeah, it's made upstairs before you make it Okay, and take that one to the bank a lot of people think that that's it's more of a Manufactured type of activity like you're gonna be able to work yourself toward success or you're gonna have to be able to put The right cocktail of YouTube channels into the mixing bowl, right?  Yeah, I got bang that tastes good and you get really excited and you're like man This is fantastic. I Can kill this investing thing now the the investing element the stock market in and of itself is is just a Living and breathing animal. Okay, not of which there are certain strategies that we can use to kind of Grab the bull by the horns Hold on you gotta hold on that it's gonna jerk you around sometimes man And you get sometimes it'll be sleeping and it'll be really calm and you'd be like this is good I can handle this. This is great.  I'm a value investor I I bought these good quality stocks. I bought Amazon and it goes down every single day What what gives Ryan? What what what am I doing wrong? What why did you get me motivated to start investing in the first place? You're looking at investing in a box, right? You're looking at it in the short term and trying to substantiate your program There's no level of Substantiation that can be had in the short term in the stock market whether it be to the upside or the downside. I don't care You can make some money in the stock market and you can say man.  I'm 10 times better than that guy 25 years of experience I'm quitting my jade job. This is incredible. I'm gonna make YouTube videos for the rest of my life And I'm gonna value invest myself to millions of dollars I Wish y'all the best. I think it'd be awesome. Hell, I'd celebrate with you man. If you could figure that out I've been investing a long time. I've had a lot of capital to risk for many many years I understand how the market plays on dollars and this is part of the gig and the more that I can prepare you to understand How the market is gonna play on your dollars the better off you'll be and I think you can really entertain the opportunity to understand that Dollars take on different forms in your life. Okay. It's one of my favorite videos. It's back in the chronicle somewhere around I don't know 122 on that independent investor chronicle where I used I don't know. I think it was a hundred dollar bill as an example I don't know at the time. I actually had a hundred dollar bill I don't know what one even feels like anymore. It's just a digital number for crying out loud anymore, right guys More often than not we're looking at this thing to verify our our digital number Yeah, it's still there. But if you took our pile and then look at it and say, wow, man, that's a I'm doing all right We're creatures of habit, right? We've learned to put the coins in the top of the piggy bank, right? I'm old school. Okay for a lot of you guys you're conditioned to understand that the digital number that you have Is in fact the main contributor to your net worth So it may be harder for some of you guys to visualize your your money taking on different forms Different forms of money whether it be in the form of fuel for your truck or your car in Way of a of a sunken cost the food that you buy, right? You have to provide yourself with food whether or not you justify the more expensive organic food Or just the regular food or you pull back on the budget with regard to your restaurant Habit, okay some can cost with the food fuel bills Living expenses health insurance dental insurance things like that. Okay, I can justify a few things in that category A lot of people will be like, well, what about my shopping budget? Okay. Well, unless you want to be part of a nudist colony Okay, you're gonna need some clothes to cover your tits. All right So Do you want to be aggressive? Okay on the application in that sunken cost category when we start looking at Justifying everything under the sunken cost category and your inflows come in and at the end of the month You have nothing left to allocate to other forms of of your dollars That could be that could be problematic and a lot of people will say well Ryan I only make five thousand dollars a month. How is somebody supposed to live on that? Okay So funny people's perspective on what they think in this in this life that they need, okay? Your basic minimum threshold to be happy and breathe air and drink water You can do for relatively cheap.  It's ice water riveting stuff, huh? It's absolutely riveting It always amazes me what people think they need to be happy Really does I look at some of the sunken cost as being in fact luxury cost the very very fact that a lot of countries They'll tune into the independent investor channel I am domiciled here in the United States the benefits that we have here on the channel are They're they're undeniable. Okay, where a lot of those sunken costs really the opportunity is right there for you to grab Okay, so if you want to tune in to the independent investor channel and you want to get sympathy You're probably not gonna get a lot of that from me In other words the bottom line takeaway for you is you do have the money like let me say it again Oh, let's see me rewind you do have the money Okay, you have it and I don't care if it's as little as $25. Okay a lot of people will be like I can't get ahead on 25. I beg to differ run the calcs. Have you ever run the calcs? Like man that Ryan guy He says I can get ahead 25. What's it gonna be worth? I've got 30 years. I've got 20 years What could it mean if it's 10 years guys? It's just basic math run the calcs See what type of forecasting you can do to understand where your money could be Into the future if you looked at your budget and things were tight and you needed to parlay some of that money off the top Right, so just it's really all about the discipline. Keep that theme in your mind when we're talking about these little Discipline elements. It's not necessarily that you need to tune in and and you know by all means take notes I mean you guys know and I very rarely show this on the live stream, but I'm I'm I'm crazy This thing is full.  Okay, if I just look at all those notes. I'm a notepad fella It's kind of the ability to take the raw product out of the head and get those ideas down I do this with portfolio building.  It's gambling. Okay as an independent investor channel affiliate I get that monthly cost waived So you guys that are channel creators that might be something for you to look at if you're interested hit me up I'll send you the affiliate link. I get a little kickback. I guess for it I don't even know what I get but just by signed up with the program if you are a content creator You get that monthly fee waived. Okay, so kind of a cool deal So if you do have somewhat of an established channel, you can get that 30 bucks waived Which can take away that two and a half to three percent management fee that even the grayscale ETF is Going to charge you to enter into I just manufactured on the top end with the top three cryptos in it So but anyway, I digress guys. It's great to be with you guys man.  You make it sound easy For me it is it is do I enjoy watching my money go down? I Guess a joy is an emotion that of which I seek out joy in my life and a lot of capacities But I don't look at stock market investing to render joy Mm-hmm, mm-hmm, I don't look at my Johnson and Johnson holding to render anything outside of the capacity of what I think that It's capable of rendering My dividend portfolio as a whole I don't look at that as being capable of rendering anything outside of what it's capable of rendering The only account that's up week over week this week is in fact my passive Portfolio my little TSP that could I just hear as of late for you guys that track kind of what I do I went from 10% Allocated out of every paycheck and a lot of you guys man might might look at that and go gosh That's a cool goal to get to and you're absolutely right if you can hear me out on that I did 10% for quite a long time and that's a pretty sizable amount a few hundred bucks anyway a month that that's pretty good I mean that those are dollars that I surrender to a stock market investing dollar cost average program I could just as easily take that and buy two hundred dollars worth of Ben and Jerry's look at all the Ben and Jerry's that I'm Missing out on right. I mean I'd be 600 pounds maybe more if I ate chunky monkey every single night, but I Just find more value in taking those percentages and allocating them to a passive program I've just up that to 20% So what does that mean if the stock market goes down in my this sucks man? This independent guy freak. He gets me all fired up about the stock market I tune into him like clockwork every Friday and my stock market is just not working out man My portfolio it sucks man. The value is less than what I bought it for It's red Ryan. What do I do? It's been nine days Remember the program I'm gonna give you some of those tools to help you I don't mean to pick a little fun But yeah, I do because for the most part people need to either grow a pair or get a little tougher Okay, stock market investing every now and then is gonna throw a really really hard or right hook And it's gonna hit you in the temple Just like life will right no BS no smokescreen I tell it like it is and yes indeedy the stock market is really really good at throwing those punches And it throws those punches when you're off-guard Mm-hmm, and I think over the last 12 years I think there's gonna be a lot of in retail investors that get a rude awakening and understand From my perspective in my lens when I look at the stock market, it looks like a stock market to me That's still teetering on all-time highs I take a little more abuse in the portfolio because I've got a really really big green Abdomenable neon green monster in my portfolio. So when it goes down 50 cent the portfolio suffers at an accelerated rate That's no problem. I'm making a move here. I May be a hero. I may be a zero If I do become a hero I'll get to come on to YouTube and wear a neon green suit and jump around and dance around and Portray myself as the greatest stock market investor of all time because I got lucky on a stock that I had conviction on I have to think on that a bit actually Stock market investing is fickle. It's funny Like I've built up the opportunity to enter into this position for years and years Right. I bought more in the position today. You'll see that when we declare the portfolio as a matter of fact That's a phenomenal segue into covering what we've got here and and go ahead and Demonstrate to you guys the capacity of our losses The real takeaway here for the update week over week is the amount of cash We've obviously moved into a very very cash-rich position in all in all fairness the bottom line I liquidated a lot of stock. I liquidate a lot of stock on Monday. Actually, I liquidated some stock today Took some profits put it to the side. It was more of our of a risk allocation move Do I think Google can continue up yet? Yeah, I do. I sold Amazon Google Facebook took huge profits I've been able to render just shy 30 on the swing trading Strategy that I deploy that's one arm of my strategy So that will help buffer some of the risk that I have on the table with the big slimy green monster highly on Be really good. I I hope Lewis Lewis and me are buds now with highly on men He's gonna put a good word in with with the green the big green six five monster Thomas Healy I just resolicited that interview. He needs to come on and talk to me I'll provide a different interview than what he's used to I Really will Yeah, it'll be a lot of fun man, but anyway, we resolicited that but yeah You know, it's the place in the market where I see value and and again, I could be a hero I could be a zero in the eyes of YouTube. I could really care less about appeasing the YouTube community the grander YouTube audience, but I Think I'm sitting on the opportunity of a lifetime that's just what I think and there's a lot of people that have the same conviction as me and We'll continue to operate on that conviction if we give a few thousand bucks in the short term back Remember what I said I'm more interested in holding the bulk of my shares as I base this position out of lowered my cost down to 1240 Here the stock is at 950 or so it settled out today. I'm totally happy with that Okay, now when you own such a huge position the move in pennies makes a big big deal So perhaps maybe I suffered a little more than than the next fella and again, you could probably think and God this independent guy He's crazy. I'm gonna go over to Stefan's channel. I'm out of here, man This guy this guy is gonna get me to a million subscribers to whatever the hell that means I don't even know the social media thing is just absolutely a shallow feudal joke in my opinion But anyway, we're down just a touch feet grand in the portfolio. We've trimmed back to just a half a dozen positions And here's seven total. I'm happy with them I think one of the key elements that I'll roll out to you guys is the dividend element I think that's really really an important defensive strategy Perhaps going into the fall here, which I think it's got a potential to get kind of cranky And and I've said many many times this August for Barron's roll-off I think the market right now for real estate is enough to provide a systemic shock If it happens quick enough to the stock market's happened before it can happen again It doesn't take a whole lot You'll have every pundit that's been hiding behind their rocks for the last 12 years come out Want to pile on to the stock market and remind everybody about some of the problems that we have On a monetary basis. I don't I don't think inflation is going to be too crazy It's supposed to moderate through the rest of 2021 Whatever if you're bullish on the market long term and you've got $1,200 In the market as a beginning investor right now fret Okay But if you're looking to take some risk off the table if you've got a six-figure portfolio 1.25 million half a million whatever it is Nothing wrong with taking a little risk off the table.  Like I said, I'm not trying to appease you I'm just sharing what it is that I do big difference big difference. Yeah, and I typically win with my instinct Here's another cash rich position here 20% in cash. This would be what I would consider a cash rich position I had about 111,000 in cash So a good cash pay dirt a good one these stocks that are rendered profit in this week All profit-taking initiatives big actually there was a unique element of my growth strategy and I I think the chances if I was going to give myself a grade on the move It's a portfolio move not a grade or a discredit on Amazon or Facebook and Google I think all of them are going to go higher Google reports in 12 days. I think they're going to blow the numbers out and they'll probably go up 200 a share I don't know. I don't I don't really cry about spilt milk as far as that goes. I was up huge in the position I was up huge in the amazon position. That's spiked up two days, man So I really swung trade that really really quite nice. I banked a lot of profit on amazon I'm currently out of the name. I'll monitor it. It's fine. It'll probably go to 4 000. That's totally fine, too It's it's no problem. You guys will get a sense of how I Massage this beast, right? I need to grab the bull Really? I try to do the crocodile Dundee Right over its forehead trying to take control of it. No, these are just um easy strategies that I deploy I've deployed swing trading strategy a long channel the same stocks, you know, just this month I was down 500 in amazon Um, did I ship my pants and sell the stock because amazon's going to zero? No, of course not Of course not hold on to it wait till it swings to the positive boob render your paydirt $400 off the table good to go google same big profits Um, I did end up selling microsoft and apple again.  You got to own microsoft, man I Do in a lot of different capacities and I can tell you what stocks do go up And they also go down and god forbid that microsoft or apple turns south on this market God forbid they both do And and that's going to pull the big indices down you mark my word where the market goes Where apple and microsoft go the market will follow no doubt and we've just accelerated in the last two years The market cap of each respective at 2.1 trillion for microsoft. It's just insane Market caps on these right. I just looked back at the s and p 500 two years ago was half of where it is now Two years in in the eyes of the stock market That's actually right in that short to medium term If you're looking to put the lens and perspective on the stock market in the way that I have I sold voo and yana in my wife's account Because it's just it was a profit taking initiative. I was sitting on a six hundred dollar bill I went ahead and render those profits. I'll fight. I'll live to fight another day. I own the s and p 500 and in other In other layers. It's just basically peeling back the layer that I did. Okay Roth to here. You'll see some liquidations here. Nothing too crazy I did liquidate out of apple again probably be a mistake. That's totally fine. I wasn't happy With the level of risk. It was amazing how I liquidated to be on the dot 81 and 19 81 at stock And 19 percent in cash here. It's kind of interesting I don't get to I'm down huge and so far You know, what what a dog of a of a of a holding quite frankly I put highly on in the same category the stock performance has been dismal at best. It's been quite frankly unacceptable And um, you know, we're investing in the company now for the future We think those renderings will pay off into the future but for the short term it's it's somewhat painful on the growth side. So Is the solution to sell a good quality company like that? Look, I'm looking to slowly step up the ladder toward my goal Okay, and if that just so happens to be a few hundred here a few thousand here a few thousand there from year to year No problem If I feel like the market is overvalued the s&p's trading on a trailing basis at 40 times Forward earnings is looking at about 22, which is also historically high Right. So again from a relative perspective if you're sitting on $10,000 or less may not be quite of an issue for you Look at the dollar amount in the portfolio 25,000 50,000 100,000 Adjust accordingly, right? There's a plan that you can put in place on a positive scale To adjust in in any capacity. There's things that you can do proactively and with a level head Free of emotion that can make all the sense in the world for an individual investor, right? If it's you singularly or you and a spouse and representing a household of of household wealth There's all kinds of cool things that you can do with wealth building. The last thing you want to do is freak out And and start cursing the independent investor channel up and down Brian you're terrible You'll be back This is where I shine actually when the market starts to get a little cranky for me It's felt a little more painful over the last few weeks I've had a few value stocks kind of roll off and it just feels a little bit Different to me and that there's a little bit of grumbling going on in the market Yeah, this is the way it feels to me So you can see that's indicative of the cash position that I got ahead and the spark line there Provide some indication whether or not we're down week over week. So we're down a little bit here on the spark line So this is the passive portfolio with the 11 sectors Sector specialty ETFs will continue to dollar cost. I'll monitor this if it goes down too far I'll start to lump some by this up because I really like this ability to add to the m1 finance portfolio on a dca basis And here's the dividend portfolio still hanging out around 20 grand. It's off a couple couple hundred bucks I think week over week nothing too crazy. I don't monitor this throughout the week. Okay This is one. I absolutely do not monitor at all This is the passive element This could be a Layer if you're looking to get value out of the channel and you're tuning in for the first time If you've got that 401k 403b 457 if you're employed and you've got that opportunity to contribute to That especially if you have that matching element, right? This is indicative of what that layer could look like for you. You don't need any help Um, I just gave you the answer free of charge. I'm not going to send you a bill All right, it's free of charge. It's the beauty. That is the beauty of social media. Unfortunately when I tell people Hey, let me catch a financial piece on youtube. They're like, no, seriously I'm like, yeah, I run a I run a little nevermind You know, it's like really This is not well with all the idiocracy on social media that's so rampant It's kind of hard to get a very genuine message like mine out because I'm not really not looking to get anything from you. I'm very open with the affiliate opportunities I run through the channel Click on the link if you don't don't you know unsubscribe from the channel for all I care again I don't I don't watch other financial youtubers anymore. I don't it's just it's just a waste of my time I spend the majority of my time focusing on my program And I would expect that if you want to take a card away from the independent investor channel, that is it for yourself Start to try to figure out From the most simplistic terms Start to adopt some of the disciplines that I talked about in the course of just this live stream They don't change the disciplines don't change. They're not wishy washy. They're set in stone, baby They really are and you can take those disciplines And you can make them apply they can apply to the masses. That's the beauty of the message really is it's not Hey, I've got all the answers You need to come and listen to me with a pen and a paper and you need to Copy everything that I say down That that's not that's not healthy and it doesn't exist as much as people want to sell you on that Maybe existing in reality.   Yeah, they're full of it I got a little manure myself But I try to rid myself of the manure cut through the chase cut through the manure like biff and get to you guys right because There is an element of truth to what i'm talking about and if you come out of a live stream and you're like Maybe think about a few things right on man. We're making a difference and that's all I can ask at the end of the day So we added to our highly on contracts today We had a lot fat position I had some Puts put to me at 11. That's fine my cost basis was over that anyway, whatever I don't care if I buy the stock at 9 50 or 11 whatever Um, I've got some leaps on highly on as well 10 contracts 10 of each 12 50 and 10 respectively on the strikes Okay, uh, I think I bought some shares outright today. I think I plugged another 400 in there. No big deal Very cool. It's where I see value right now super excited for the rollout of what's going to be coming Into the fall time And into next year exciting stuff. Glad to be a state shareholder in the company And here's my big bit corn. This is lovely. I did a 60 30 10 split within. They're very very simple So whatever money that you do I did transfer the account minimum over I don't recommend this for the faint of heart This is the one element that I throw out there just for an entertainment piece Remember how I always say at the end of the day that the bottom line is about money I could lose all this I could lose it all and do I want to? No, of course not. I don't I actually you know bitcoin and ethereum. I think with cardano It was a little bit more of a of a pick the the dog with the least fleas wall street type of perspective, but I think bitcoin and ethereum especially ethereum. I think had I Bit a little bit more convicted on my due diligence, which I'm not a crypto expert, right? This is this is the way that it played out. I'm much more bullish on bitcoin based on the due diligence that I was able to do Ethereum certainly 30 percent. That's a nice strong position in it and we've become investors in the crypto I'm not looking to trade this could I yes, I could But I'm looking to invest in this long term. We got about 90 95 percent success ratios Of those crisp crypto investors that make money over the long term. So we'll track it. It's fun right here So I'll be eating pinto beans lima beans for the rest of the week since we were down in the portfolio I'm in a boycott that independent feller Steered me in the wrong direction. God dang it. My buddy told me that you got to get invested This is the greatest stock market in the history of the stock market. My god.  Okay that just recently changed. We've been very very blessed. We finally Broke free and after a good year and a half of job searching That's changed and we're very very blessed in that capacity and my wife's going to get to I mean We've been investing in the kids right for a long long time And that's we don't know what to do with that because we're so used to working off of a single income family So when you look at this and you're like, oh ryan, you must have a nice big big silver spoon jammed up your backside Couldn't be further from the truth. I don't come from money at all I I come from skinny dipping in a pond naked and you know killing bees with mud patties Growing up that was that was my life growing up And I spent 90 percent of my time outside digging holes in the dirt and getting familiar with tools And and so Why do I say that I say that because anybody can do it? Okay Anybody can do it these accounts these larger accounts even though they've pulled off for the week Right, they started with $1,500 and we've grown them to six figure Portfolios in a relatively short amount of time you look at it and you say 16 years. That's too long I want it next week ryan. I can't help you there. I'm sorry But the truth of the matter is 16 years ago I will cross In three days that my 16 year mark with my current affiliation Couldn't be prouder couldn't be prouder because when I joined that affiliation I was telling a colleague of work today. It saved my life. I was half depressed I really was I didn't have any stability in my life No, I knew the power of money It's just that I didn't have a stable flow of money and I knew if I had a stable flow of money That I could render Extremely impressive results and and quite frankly, I'm proud of the renderings, right? So week over week again, I don't I don't go on tilt. I don't lose myself, you know and start thinking of all the ho ho's and twinkies I could have bought I don't do that because there's not really in this life a lot of things that I look at that I can justify owning Um outside of stock in real estate and you guys might think I'm crazy But you know outside of buying stuff from my kids and my wife and and taking them on vacation and that type of thing Um, that that's that's really right there at the top of the list of things that are very very easy for me to justify Man, you're putting a lot in the speculative company Ryan. They don't make any income You're missing the point. You're really missing my deeper deliberation on You know, it should be really like man, that that's a little rich for my taste But uh good on you for taking a shot Ryan Right pretty awesome. You advocate for the retail investors, man And I I think there's some people out there that are probably pulling for me I do there's probably some people out there that would love to see me fall in my ass and and that's I can't I can't control that Okay, I can't at the end of the day I don't expect anything from you that I don't expect from myself And that is to be a self-starter To be to be a self-regulating entity, baby to be an independent investor means just that You don't need validation from anybody and I'm here to tell you That's closer to the truth than trying to find that perfect recipe of youtube channels in that cooking kettle Right that you're trying to taste to get perfect to get that perfect moonshot to the to financial security Mm-hmm. Mm-hmm this message it applies to the masses. Let's get to some comments, baby For sure. Let me cruise down here and see who's in Eric weebers and the group it's that gives a thumbs up. I think that's a good thing I think that's a good thing. It's a heck of a thumbnail. I like it Well, welcome to you, Eric. Very good and all good. I think is probably says she says I'm a winner Uh, I am a lot of different capacities and you know, what's funny is I declare that number of the portfolio with regard to financial um success I've always defined success to be the the degree of separation on what you were destined To achieve and your ability to separate from that that that predestined amount To what you can kind of manufacture through your free will That is the success. I'm not going to rewind that because that was a pretty deep thought by jack handy but um That's the key is you know, what if if you gave people my scenario Would they be at that number? Maybe some would be much greater than it. I beg to differ I've worked very hard. I've had some wins. I've had some successes by nature of putting some risk on the table And I think you know, I I talked tongue in cheek about rendering $1,000 of swing trading profit to three $1,000 swing trading profit to $500 swing trading profits just this month on amazon Would those have been possible had I not taken the initial risk in the first place The risk to take a good company like into a downturn and realize that it's probably not going out of business Yeah, you know those renderings are not possible unless you're willing willing to put some risk on the table I'm not saying be stupid, but there is a very very critical ingredient to that equation if you're going to Have some success on in in any strategy that you deploy in the investing world You're going to have to put some risk on the table very very key And I would say that a lot of the risk that I put on the table have rendered the greatest Greatest rewards that I've ever got. I can chalk up the experiences that I had On the boat up and down the coast it put me in a situation to meet my eventual wife All of the things I did to say, you know what I'm in a dark place right now Um, I'm gonna show up to boot camp and I'm gonna make this a go and they're gonna see a side of me that perhaps maybe They're not used to seeing in individuals because I I do in fact have a fire And I think there's people out there that can resonate with that man If you feel like that internal motivation is there for you man, it's it's it's it's great I can't give you mine, but I contend that it's probably there for you Yeah, that's the beauty of human beings and you know, how we associate and especially how we use This opportunity and that fire for good. Okay So that was a little rant for all good, but she is just all good And she just makes me happy when I see that she comes in here because she's just a heck of a supporter of the channel And I'm just super stoked to have I'm super stoked to know her She's come on the channel. She stayed behind the scenes for a while But since then she's come in and she's said hi to the entire family. So she is part of the family That's just the way it is on the independent investor community. All right Highly on Palantir without youtube Yeah, that's an interesting point Susan I think you bring up a really nice point and that's an awareness piece that I like I'm not going to say that you find a needle needle in a haystack. You won't hear that from me Um, I could lose really bad and I you know investing there's no guarantees But I think from a wear an awareness perspective this stock. I think it's going to be um Satisfying for me if the stock really does work out I'll be happy for myself But I'll be more happy if this sounds crazy enough for those people that tune into me They know the amount of due diligence Perhaps maybe they took a small position of their hard earned dollars And they were able to really substantiate for themselves how powerful the stock market can be Um through through an awareness piece that maybe they found on the independent investor Maybe they found it on j mac investing which is where I found it Right and I'm quick to give credit where credit is due there. Um, I think it's just exciting It's riveting from what I saw in the opportunity and um, I'm glad to be a part of it Yeah, and I hope you guys feel the same. It's it's hard to feel the same Um when the stock really doesn't do what it is that it's supposed to do and that's go up every day The last few days it's been down every day. It's quite it's quite amazing. It's just really quite epic the Um The action that the stock market can dull out remember the right hook on the temple Yeah, don't expect that this is going to be a walk in the park kazanski. It just doesn't work that way. All right Market was great. Absolutely beautiful Well, the brand's been with me a long long time. He's one of the originers Original original patrons on the independent investor channel. He's always got a place in the community. No doubt. It's great to see you Very cool. Very cool. I see 50 thumbs up and not a single thumbs down Let's just take a moment and just acknowledge that fact. That's amazing. Maybe I don't get enough hate. Um, I don't like hate I'm weird I just think if I drop the right f bomb, I would offend a lot of people and I don't like to do that I don't like to cuss at all, but sometimes it it drives the point home Um, I won't be doing that but I've seen some of the youtube channels just this week Digress and stoop to new lows. This is the part of uh social media that I I just despise You know the ability to go anywhere and sell out in a way that's just such a removal of Who it is that you are? You say it's it's it's just a temporary leave of who I am Ryan. No, man It doesn't work that man You can't you can't sell out like that man Just be yourself and it just if it just so happens to be that you You give up whatever it is that you're trying to seek out by doing so And that's the cool thing about this for me and and that that element is what I love to retain on the independent investor channel because I can lay it out there my way and I have the ability to lay it out there There's no doubt about that No doubt about it. All right, smash the thumbs button You got to smash you got to pick one. Okay, some people might be confused as to what uh, what actually is positive for the channel And what is negative for the channel? I I don't know I I got I got I got a lot of love from the community and that's great The people who want to be here are here People who are checking out the message for the first time may make an educated decision as to whether or not it's for them My delivery is not for everybody. Okay, it's not a lot of people I had one person on my highly on video saying man, you talk for 45 minutes You didn't say anything and I was like, well, that's not really true I I talked for 45 minutes and they're like you you didn't say anything I'm like, I don't know.  It's beautiful I don't do that. No, I don't do that No way There's the t. Sona show. I too deserves the th Yes, I do. He's a big man six five Yeah, and I've got I've got some cool stuff man that I'm gonna throw down With him. It's gonna be a lot of fun, man.  And uh, yeah, I've got some I got some dig deepers for that guy. I really do I'm just proud. I'm proud as heck. He just he strikes me as a very genuine guy I know I've listened to a lot of ceos and their job is to sell the company I I get that and why shouldn't he you know, I I expect that Um, the whole lack of social media presence, etc, etc It doesn't mean squat to me really there's a he takes it takes it on the chin And maybe there could be some manufactured bits in the stock if they were more social media Outreach and they were more a little more forward leaning with that I just think that they're working on stuff behind the scene that's going to be newsworthy And you know, nicola came out just today and said, hey, we're planning on building, you know Hydrogen fuel cell in nine states. Well, that's great. You're planning on it I could I can think of and plan a lot of things Am I going to be able to do that? Right and that kind of goes along the lines with one of the questions that I'm going to ask thomas is You know, I would like to see a little bit more aggressiveness I would like to get the sense that they're a little bit more They operate with a little more sense of urgency. You got to remember guys I used to work on a boat 20 hours a day. I can dig deep. All right I can dig so deep that I can work until I'm hallucinating and I'll still continue to work Okay, where most people would be just passed out on the galley floor. I'll continue to work, man If the job needs to get done it needs to get done and I and I I don't know If that sense of urgency is there. I just I'd like to understand a little bit more about the demeanor and mood within The highly uncomplex right the day-to-day ops. What goes on be kind of cool Because what is what is the sense right?  Take some house profits. It's a lot funer to invest house profits that it is Hourly wage that you've made every month that mark my word. There's no doubt in my mind. All right much much easier I had cruising up. There was a heck of a galley in here. I do I do apologize a little bit for not getting this there's a lot of new thumbnails in here And uh, this is kind of cool, man We were up to about 90 visitors tonight and I know that it's summertime and I know that the numbers do fall off in the summer And this is usually the time where I take a hiatus on the channel. Hell. I'm gonna be doing this for the next 20 years I'm not I'm not in a huge rush if I can gain like three or four subscribers Per month, it'll probably take me 678 years to get up to 50,000 subscribers. No problem. All in due time It's totally fine. I'd really rather focus on quality and not quantity I've thought about pulling that metric off of the channel because I really just don't care I just don't care. Um, should I have a million? Yeah, I should I should It's not arrogant just confidence. I know In my heart I know in my heart the impact that we could potentially make on those investors out there that can understand Maybe just a few things that I deliberate on with my application a little bit earlier on in life. I'm 43 right now Oh boy, what would I do if I had the knowledge now and I was not 43? I was 23 Right and so that that right there is something that I will not apologize for so Again, if we end up with two or three subscribers a month quality subscribers were good to go on the independent investor channel We're winding it down here. This was a good one. This was a good one. Yeah, I really hope you guys appreciate this A lot of fun, man every 60 minutes You could just as easily watch reruns of the walking dead Or you can tune into the independent investor channel. Watch me free Um, I pretty much, uh, you know freestyle Uh, I don't rap but I do freestyle on the investing opportunity for sure Is he live or recorded again? I don't hold on the teleprompter is broke just a minute. Oh Jesus. This is horrible Now comes right from here man comes from a lot of experience and a lot of understanding maybe or implying what it is I think that people need In the investing opportunity And I think if they can just incorporate this as part of their application as part of their life It'll it'll it'll help govern some of those other things that you do in your spending discipline How you deliberate about big purchases in life, etc What it is that you need to truly be happy, right? I talked about some people raising the bar Way too high on what they think they need to be happy I think that can be a mistake. We'll be back next friday on the independent investor channel for the last live stream in a couple of weeks Um, i'm taking a well-deserved vacation to croatia I and check republic if you do want to continue to follow Kick over join instagram cost you nothing. I post pictures on there I gave you guys kind of a taste of what life is about Yeah And a lot of reason why I do this thing to embolden the network of community members within the independent investor channel Make no mistake about it. I have a significant Deep intricate agenda when it comes to what this opportunity could mean If we just take this financial element and deploy a little bit of discipline in our lives Deploy a little bit of discipline and what it could potentially mean This is just the beginning. There's no doubt about it. So follow me on instagram Certainly, and you'll see some of those postings. That's typically where I put that stuff on a well-deserved three week vacation So we will be off the grid and we won't be offering the live stream until I get back And um, I'm looking real really forward to that. This was two years in the making. We didn't get to go last year But this will come to a fruition Next saturday when we leave So just understand that this next friday will be the last live stream in a while So I thank you for you guys that stuck around for this entire live stream. I really appreciate that I really do Make it make it a normal thing. Okay. Um, I do I don't know what the live stream would be if I just decided to just take the night off and take my wife out to a date or something Now we know how important this project is not only to myself but also the The consumers of the product the product that I sell to people Free of charge, right? It's that empowering piece That if you can get it and you can get it early enough You can make all the difference in your life. No doubt about it guys Thank you so much for tuning in to the live stream tonight. We'll catch you next friday 9 o'clock eastern standard time in the independent investor channel live stream. Be well be safe. We'll catch you next week


I don't have a live demo and I don't have a nice presentation. What I do have, though, is an archived notebook that I prepared for this particular thing. So, why is it titled Bike Share? Because... Well, let's step back. I want to give you a motivational example about stats models. Stats models. It's a module in Python available. It used to be a part of SciKits. Now it's a SciPy. Now it's merged with stats, which was a library I was using for a while. Now it's a separate module and has several goodies. And now to the bikes. So there is that website out there called Kaggle, which I don't know what they really do, but in addition to whatever business they do, they also run competitions. And the principle of all these competitions is you get some data to write a predictor that, you know, given a training set will, you know, predict values for the contest set. And that's how you get scored. So I thought I would run one of these as an example of what stats models can do for you. People who know are very well will chuckle, but that's fine. That's okay. Chuckles are welcome. So there you go. So we have a set and that's how this data set looks like. There's just a little bit in a way of an introduction. So it has, you know, days and then some indicator of our season here and what weather was in a given day. And at the end, which you cannot see and neither can I because the screen is small. Oh, there you go. That's how I make it scroll. There's numbers of bikes rented on a given day. So data comes from a bike rental system, not unlike our Big C, except that this one is, I think, called capital bike and is from Washington, D.C. They run, in fact, the Big C system and you can get their data, which would be, I don't know if you can get Big C data. Can you? No. All right. So there you go. So that, you know, we could do the same for Montreal. So we're trying to predict how many bikes will be rented any given day, right? So first, you know, how does data looks like? And it looks very much like, you know, if you do any sort of like anything, any web business and you have logs that shows, you know, usage numbers or so forth, it actually looks kind of like that day by day. So it is very, you know, like if you do the sort of thing, you know, in web business, it should be like very recognizable. There's like, this is over two years and you see like weekly periods and you weekly variation. Then you see, you know, variation with seasons and then whatever, what everybody hopes for, steady growth over time. That's great. More and more bikes. And now, given how disjoint I tend to be, I'll step back and give my personal motivational example why I actually had to dig out stats models and why stats was not sufficient. So imagine that you have, imagine you have data like this, right? And that's not a very good example of what I want to show, but it, you know, you have some trend over time and you want to, so my problem was that I was trying to find, detect outliers, things that would just go, you know, high wire every now and then from data we're receiving. And to account for steady growth, which was the case, I would feed some sort of line to it using linear regression.  Now, this graph doesn't show it very well for bikes, so I faked one adding what one would call image processing southern pepper noise. So I just randomly spiked, you know, here's our regular but data right here, right?  So we would like to detect this over the trend that falls over time and I, you know, wanted to feed a line to that. And in the normal library, which, by the way, there will be lots of, I guess I'm trying to sell stats models as something you can actually use in normal development proposals, not just, you know, for data analysis or data science, something that you can put in the software. So in the stats, you know, stats the module that normally everybody would use sort of thing is basically a library of functions that do things like generate, you know, can generate data following given distribution, you can feed the distribution to a data set and so on. Now, what it lacks and what stats models has is advanced modeling. So my motivational example is called robust regression effectively, right? Which this picture is supposed to illustrate that you can actually make a fit using functions available in stats models, which will not be fooled by the presence of this sort of perturbance, all right? So that was my motivational example. This is why stats models comes useful. Basically, more advanced stuff is available there in a nice, useful package that you can actually use in your software. Now, take on our bike. So how do we actually model that? So contest data is actually more problematic than what I'm going to do because they want you to predict things on an hourly basis. But I got data aggregated day by day and I split it into, you know, along the same principle as they did in the contest, which is like first 20 days of the month, month is your data and the following 10 or 11 or 7, in case of February, if you bike in February, that's your test set. That's how they organize that and they follow that except for, you know, on day by day basis. Furthermore, what we need is some sort of way of evaluating whether our method is good, right? So how do we do that? I mean, in the traditional way, I wrote a simple function that basically computes sum of squares of different, usually like, you know, that's what we usually evaluate. That's what these methods do, minimize least squares. That's how it's called that, right? Minimizes sum of squares. So this is my function of evaluating and I will check a few methods, illustrate methods from, not from stats models and from stats models, showing how they differ and how you actually feel stats models in practice. Is that clear? All right then. So how can we, so what's the, you know, so what is the natural predictor for any sort of time data? You know, we have, in fact, we talk, I just spoke about weather, right? I mean, it's kind of natural to expect that bicycle usage will be affected by what's out there, right? And there's this funny fact that a very good predictor for weather is going to be tomorrow is, well, it's going to be same as today. And you're right most of the time, in fact, because it doesn't really change that rapidly. So, okay, so that's the, so I wrote a simple function somewhere there that basically takes the most recent available day and I said, okay, well, we don't have data for this point. Let's take the most recent one that we have data for and that's our usage, right? So that's, you know, that's the name for forecasting that everybody would use. We are not in stats models yet, right? And, well, it shows there's some score, right? The sum of squares divided by the number of test points and, well, it's pretty large. So not great, Bob, unfortunately. But as it will turn out, here's the first score I got, right? This is a trivial method. Let's remember that number. It will turn out that this is actually hard to beat. So, okay, so let's use regression with the functions available in stats, right? So we take, you know, x vector of temperatures, y, the number of rented bicycles, and let's try it out, right? So you can see that there is some correlation, right? So we use these functions that are available in, this is still stats, right? So, and then you see that p value, well, it's below zero, so it is, it's unlikely to be a coincidence. It's very likely that there is indeed correlation between temperature. Now, how will we do it regarding that score? Well, that's our score. Believe me, it is less than, it is more than what we got during, using the naive method, meaning, you know, let's just take the last day we had data for. So, okay, we are using a fanciful method, well, kind of, and we are still doing worse than the method that, like, my 14 years old daughter came out with. So that's not great, still. Well, let's try, finally, stats models. Now, that's a line of code I would like to talk more about, and this is in the spirit, well, let's make stats model, a Python module that behaves like R, and that's what it really is. If anybody knows R, you will be familiar with the sort of syntax where you just pass a formula that relates, you know, our dependent variable to some independent variables, and from that formula, there is some code in the background that will compute the model, right? So, here's what I took, right? Temperature, humidity, and wind speed are factors, right? And what the method will compute. So it's really that simple. I feel that the data frame that has these columns, I showed that at the beginning, right, demonstrated at the beginning, the amount is supposedly a function of these three things. All we don't know is, you know, the coefficients that should be there. And conveniently, the print out of summer will show us what these coefficients are. We can see, well, they claim all, they appear all to be significant in the statistical sense, and, well, that's great, right? So let's test it out. The great module we're discussing made a fit for us. Displayed lots of information about it. And, oh, here it is, right? Well, let's try. Oh, well, ta-da, that's the first time we're better than the naive method. Just so, barely so, but we are, right? So that shows us how it really looks like, right? This is green is the test data. Blue is my prediction. This is absolute error in red, right? Okay, pat on the back, we are better. Can we do more? Of course we can do more. Nothing beats overfitting, right? So we get more variables. I would like to have my... Am I really that bad? Come on. I thought I was more entertaining than that. It's just like, oh, right. So something I would point out is that there is... It's something that is really obvious to someone that does any sort of statistical analysis. But there are variables there that... There are variables there like season, week, day, whether something is a week, no, day of the week, and then weather that are not really numerical. These are categorical variables, right? And if you take statistics class, they'll tell you what to do with them. You introduce dummy variables and so on. So there's a little bit of work. Fortunately, you don't have to see it now, and as fortunately I do. So the thing is, what's going on? Should I like hold it? No, hold it, that will be the device. All right, so... No, you're not helping. I'll talk... Okay, so there is... This follows the formula part, right? Follows some sort of simple formalism, and it's one of its features that you can define which variables are categorical, right? Seasons are, you know... They had like one, two, three, four winter, spring, summer... Ah, autumn, right? It's not like something that scales. You can expect bike usage to kind of look like this. So this is not a linear thing, so you don't really want to put in the linear equation. So it will be taken care of magically the right way, and you will see, for instance, and this is kind of nice, that it appears to be important because their weekday is Saturday on Sunday, right? So there's a distinction between weekend and everything else. These are other weekday, Monday, Tuesday, and so on. They are not like... Which one of these exactly is... It's not a statistically significant variable, right? So it kind of tells you something about this data. These things are a little bit difficult to read, but with some practice, you can get there. And the score, now that we fed so much data in it, this is actually much better, right? If you remember, it's like less than a half that it was at the beginning. So it is a very... I like the module very much because it plays nice with actual production code, unlike R, for instance. It's very good for exploration as well. There's lots of things by itself. It is very good to understand what you are doing. But that's not only about statistics, it's also about plumbing and anything else you do. So that goes without saying. So where I was... So it plays nicely with production code. It's very good for exploration. You don't have to deal with R. That's an advantage, trust me. And what else is there to say? There's many, many other methods implemented there that come useful if you're really into it, like time series analysis, for instance, which would not be appropriate for that problem, by the way, I think. But all right, that's that. Questions?


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Although we are not looking at various aspects which are not included in the engine reference architecture in due detail, but sometimes it is interesting to digress a little. In this module, we should look at how the engine topology is managed and how is it configured. After all, it is the physical topology that is part of the engine reference architecture. So here we shall start with how the topology is there as such physically and how it is logically composed and then we look at various subnets or modular parts of it. So first we understand that when the engine topology is to be understood, it is a physical topology but it has to be understood in a logical manner. The logical decomposition of a very large complex network into subnetworks is the key. But remember that this particular logical decomposition cannot be as such seen as the physical decomposition and it has a reason. The reason is sometimes because of the technology availability, because how the vendors and the OEMs, the original equipment manufacturers actually launch and roll out their equipment into the industry. So it is possible at times that there is a network, let's say single network, which can be orchestrated, which can be tailored to serve both as a customer premises access network and the core network. So definitely you might have guessed already that we are going to talk about the network division or decomposition in terms of the core network part, the access network part and then we have the customer premises or the customer network. Appropriate interfaces which connect one network to the other, either at the inter-network level or the intra-network level are shown to you here. At the inter-network level we have the user-to-network interface that connects the customer premises equipment to the access network. Now the access network is not one network necessarily, depending on different administrative domains, different access networks and access technologies may exist. So the customer equipment can be connected to one or more of these access networks through the user-to-network interface. In the access network, each of these networks which belong to different vendors or different service providers form the domains. These administrative domains have more than one network equipment. The connectivity between these network equipments is done through the internal network-to-network interface. Why? Because this functionality is not exposed to the external networks. Whereas when we have different networks, for instance we have at the core level, again different domains which are offering core network services, we can see that there are two different domains which are connected through network-to-network interfaces. And you can see that since each access network is connected to a core network, so the connectivity is within these two networks, it is also implemented through the internal network-to-network interface. It is so because sometimes the administrative domains are related to the same organizations. So from the organizational perspective, if the domain is the same, let's say domain one or domain A, it needs internal interfaces. Whereas if the domains are different, for instance between domain two and domain three, the interfaces have to be network-to-network interfaces. The network-to-network interfaces are supposed to be more open and they need to be visible and they are implemented with the consent of both the participating agencies. Now let's look at the subnets which are formed in these customer network, the access network and the core network. So the customer network is essentially a home network, an enterprise or an organizational network and it is connected to the user equipment via the user-to-network interface. The access network is where the end user traffic is carried on behalf of the end user to the towards the core network. So it means the access network is a kind of a transit network that carries the user equipment traffic to the core side. So essentially if there are more than one users, so their traffic is aggregated and sent to the core network. The core network is where the actual data traffic porting is done. So we have the transmission of the user data. At the same time, to manage the transmission of user data, control and management information is also transmitted. Now the core networks are connected to different network elements on the access side. So as a consequence, it could have different domain connectivities. You've just seen in the figure, if you may recall, we have the domain one which is both in the access side as well as the core side and domain two and domain three which are there in the core and access side. So depending on the diversity of domains, the respective interfaces have to be utilized. Now these are the interfaces that we have already discussed. But for the sake of recalling, let's see that the network-to-network interface is between different core network domains or between a core network and an access network if these two belong to different administrative domains. The internal network-to-network interface is within a single administrative domain. Now the scoping of the network is also important to be understood. Now the core networks actually belong to both the services stratum as well as the transport stratum. And why is that? Because the user applications and user services have to be invoked and have to be implemented onto the network. So core network has to deal with the services stratum and of course it has to carry traffic so the transport stratum is also an important function. Now the core networks are connected to each other via the transit networks. These are sometimes known as the internet exchange points or the POPS, the points of presence. The access networks however only belong to the transport stratum because the responsibility of the services is normally delegated to the user equipment and to the application to network interface.


Due to a number of recent incidents we request that all customers observe the following guidelines when riding in the elevators Thanks the management Do not overload the elevator only 10 people are allowed in the elevator at any one time Do be prepared to give up your space for elderly and disabled passengers Do not smoke in the elevator. Do not press buttons multiple times Do not depress and hold the buttons. Do be polite and courteous to all other passengers Do not prepare to tamper with the electronics or the lighting. Do not hold open the doors Do know your destination before you embark in the elevator. Do not attempt to open the doors while the elevator is in motion Do not attempt to open the access panels on the roof or floor Do not press the emergency help button outside of a genuine emergency Do not press the fire alarm outside of a genuine fire Do not bring bicycles or push chairs into the elevator Do not bring open food or drink into the elevator. Do respect other passengers personal space Do pay attention to the floor indications Do not drop litter in the elevator. Do not leave chewing gum in the elevator Do keep bags and possessions on you at all times while in the elevator Do not leave bags unattended in the elevator Do not allow children under the age of 16 to ride the elevator unaccompanied Do ignore any screeching or thumping you hear outside the elevator. It's just the break Do not bring dogs in the elevator. Do use the handrail if available Do not vandalize the elevator. Do not leave muddy footprints in the elevator Do ignore the flickering lights Do not look at the floor indicator if it starts to display words instead of numbers Do not touch the lights. They can overheat Do not touch any of the hand prints on the walls or ceiling Once you get the ink on your fingers. It never washes off Do not look at the reflections of passengers who aren't there. They find it most disconcerting Do not press buttons for floors. You do not need to go to Do enjoy our wide range of elevator music Do stand clear of the doors while they are opening or closing Do not get out on floors that don't exist The corridors tend to keep looping around forever Do not use the elevator in the event of a fire. Take the stairs Do not listen to the voices Do not use the trade elevator. It is only for staff and it doesn't stop on any floors Do realize they are all in your head Do not jump while in the elevator Do report any passengers who may be compromising the safety of others to staff immediately Do not look at the shape in your peripheral vision Especially if you are alone in the elevator Do not shake the elevator while it is in motion Do stop pressing the help button Help is in coming Do not scream Remember other guests are trying to sleep


The Treasury Department has asked law enforcement authorities to investigate the disclosure of tax records cited in the media report. The report by ProPublica showed that some of America's richest people paid little to no income taxes. The data indicated that billionaires including Amazon founder Jeff Bezos and Tesla founder Elon Musk paid no federal income taxes during some years. Reacting to this, White House Press Secretary Jen Pisaki said that any unauthorized disclosure of confidential government information is illegal. IRS Commissioner Charles Retig also confirmed that an investigation is underway to determine the source of the confidential document. Thanks for watching, and don't forget to subscribe for more updates.


This video demonstrates how to use the ProQuest Historical Newspaper databases to find articles and issues published in The Chicago Defender, The Chicago Tribune, The Los Angeles Times, The New York Times, The Wall Street Journal, and The Washington Post. To find these search tools, start on the UWM Library's homepage. Click on the Search and Find dropdown menu and select Databases from the options. This will bring you to an alphabetical list of all the library search tools. Select P at the top and then scroll down to ProQuest Historical Newspapers. Please keep in mind, these search tools are useful for finding articles written in the past. You can't find current or recently published articles in ProQuest Historical Newspaper databases. The title of each database will include the date range of available articles in parentheses. For example, I see 1851 through 2018 next to ProQuest Historical New York Times. This means I can find articles published in The New York Times during the years 1851 through the year 2018, but no more recent than that. To begin searching, click on the title of the database you'd like to use. I'm going to use the Chicago Tribune as an example, but know that all of the ProQuest Historical Newspaper databases look and work the same. To search, enter words or phrases about your topic in the search bar on the database landing page. These historical newspaper databases will search the text of newspapers, not the topics of articles. You'll get the best results using words or phrases that would have been used in news articles written in the past. If you're unsure which terms to use, use nouns, the specific people, organizations, places, and things related to the history you're studying. For example, if I'm looking for newspaper articles on the 1893 Chicago World's Fair, I'll have better luck using the specific name of the event, the Columbian Exposition, instead of the general name, World's Fair. Click on the magnifying glass icon or hit the Enter key to see your search results. My search results are made up of individual articles, and my search terms are highlighted throughout the page. Next, I'll filter my search results using the publication date bar graph on the left of the page. The bars of the graph represent decades. I can see that the biggest bar is for the year 1890 to 1899. This makes sense since the fair that I'm researching occurred in 1893. When I click on this bar, it'll show me just articles published between 1890 and 1899. To read or download an article, click on its title. To browse a single issue of a newspaper, select the Advanced Search option on the database homepage above the main search bar. On the Advanced Search screen, set the publication date drop-down menu to On This Date, and then enter the day you'd like to view. I'll use April 16, 1912. You do not need to enter search terms at the top of the page to browse. Then, click Search on the right side of the page. Click on the title of any article in your search results. Then, select Browse this issue at the top of the page. To get to the front page of the paper, click on the far left arrow in the navigation bar at the top of the page. To turn pages, use the arrows at the top of the page. Entering a page number doesn't work well for every paper. Each page of the issue is made up of individually scanned articles. Hover your cursor over the articles to read the titles, and click on the highlighted article to see one up close. Use the options in the upper right side of the page to save articles for later. Click on All Options, and then email from the pop-up window to email an article to yourself. Be sure to set the Content drop-down menu to Original Format to get the full text source. Click the PDF icon to download a copy of the article. Use the Link icon to generate a permanent URL set up for off-campus access. And clicking the site icon will generate a citation for this article. Be sure to select the correct citation style from the drop-down menu and check the generated citation for accuracy. As with all search tools, it can take time and practice to find the sources you're looking for, but the ProQuest Historical newspapers are a great place to start for finding primary sources.


The economics profession has a deal with society. It serves society in certain ways and society gives economics certain rights. Under what circumstances could the deal between the economics profession and society change?


St. Lucia joins the World Health Organization, WHO, the World Health Assembly, WHO, and the rest of the world to observe World Haring Day on Thursday, March 3, 2022. The theme, To Hair for Life, Listen with Care, calls for actions to promote good hearing health practices. According to the WHO, by 2050, one in every four persons, or nearly 2.5 billion people, will likely have some degree of hearing loss, and at least 700 million people will require rehabilitation. Over one billion young adults at risk of permanent avoidable hearing loss due to unsafe listening practices. Good hearing during our lifetime, as well as care for our ears, are important elements of good health. There are many causes of hearing loss that are preventable, including hearing loss caused by exposure to loud sounds, such as those within industries. Hearing loss associated with recreational sound exposure by loud music or loud speakers. Hearing loss can also be as a result of unattended ear infections, among other causes. The Ministry of Health, Wellness, and Elderly Affairs remains committed to implementing evidence-based standards that promote safe listening for all. Our efforts at screening for hearing impairments in St. Lucia were aided by the Starkey Hearing Foundation, which conducted three missions during the years 2017 to 2019. Over 1,000 people with hearing impairments were recorded during that period alone. Hearing screening is available weekly at the audio clinics, clinics for hearing tests, child health clinics, and at community outreach. The Ministry of Health, Wellness, and Elderly Affairs will continue to work closely with the private sector and the Childhood Development and Guidance Centre to promote safe listening. Let us all play our part to avoid hearing loss. I thank you.


Johnny darling what's that? I said will you marry me? Oh just round up a preacher and I'll meet you at the church. Seriously? Buddy I sometimes wish I could... I don't know, wait a minute. I guess we still have a... Buddy, where in the city you do it up at the crack of dawn? What are you talking about? It's almost eight o'clock. Exactly what I said at the crack of dawn. You just spoiled Johnny and you this time or not. Oh oh now what have I done? My housewarming party. Oh no. Oh yes it took me three months of hard work to get my new little house fixed up out here. No visitors, no fun, no nothing to work and then when I do invite you and you accept... Betty honest listen that says this is crazy business of mine. Better be good Johnny. Well I was out in Eugene, Oregon and there was no way... Eugene, Oregon. Yeah one of those last minute things insurance investigation there was no way I could get out of it. Honest? Honest. I only got bagged late last night but I'll make it up to you. I swear I will. Well let's see. The day is um... What? Betty? Hello Betty. What's the matter Johnny? You're asking me those gunshots. And if I suddenly groaned and dropped the telephone would you come running out here? Are you kidding it? What? Only I cannot tell a lie. That was just some hot rod kid with a cut down convertible. Oh, a backfire huh? Yes. Every morning at exactly eight o'clock you get such a watch by it. Are you sure that's all it was? Well if you don't believe it why uh...  Tomorrow maybe? At eight o'clock in the morning? Sure. And honey I'll cook you the greatest breakfast you ever had. Yeah but uh... Maybe even convince you that married life isn't such a bad idea after all. On the strength of a platter of ham and eggs? Tomorrow. Hey uh... Look why don't we go somewhere tonight? I'll take you out to dinner and... No. If you're really sorry about missing the party. If you really do want to see me. Well sure I do. All right sir. Tomorrow morning for breakfast. Betty. Bye honey. So why not? To Bob Bailey in the exciting adventures of the man with the action fact expense account. America's fabulous freelance insurance investigator. Yours truly. Johnny Dollar. Special investigator Johnny Dollar. To the Universal Adjustment Bureau Hartford Connecticut attention Mr. Pat McCracken. Following his account of expenses incurred during my investigation of the backfire that backfired matter. I know Pat you haven't assigned me to a case. I also know I hadn't the least idea that having breakfast with my best gal was to be only the beginning of an insurance investigation. Before it was over I'd be lucky to gather the whole mess alive. But believe me that's the way it worked out. So if there's any question about your company paying this expense account. Well just read on. OK then. Expense account item one the following morning that is four dollars and a quarter for a tank full of gas for my car. By the unearthly hour of 740 a.m. I was on my way to far out beyond the edge of town to eleven three twenty five East Maple Drive. And the newly acquired domicile of my date for breakfast Betty Lewis. Now I'm not used to this early morning stuff and was kind of surprised to find so much of the world wide awake. It was warm and pleasant too early for the scorching summer sun. Front lawns of the rather nice homes in this section glistened with dew. The fields and trees were filled with millions of birds all seeing their heads off with squirrels chattering away. Yep real pleasant. Something I'd have to try again sometime.  It was set comfortably in between a couple of somewhat larger homes. As for Betty who stood there at the front door waiting for me. Well I don't know how she does it but that ever loving doll even at this hour looked as smart and attractive as any man could want. Before eight o'clock. Hi honey. Yeah so early in the morning. You might I do not career yeah. Johnny. But this morning here does to you. Come in huh said the spider to the plot. Oh sure I make no bones about it. Your neighbors used to sing this sort of thing. Oh sure I've been having strange and men in for breakfast every day. You know just so the neighbors wouldn't be shocked when I finally dragged you into my trap. How do you like it. Oh yeah hey looks real nice. Of course if I had some nice guy to share it with. If you had any sense you'd marry me you know.  Nine to five and some air conditioned office. Nice home to come home to maybe raise a family Johnny you know darn well you'd never be happy with that kind of a routine hum drum exists. Oh no not as well as I do. And I guess a girl could get pretty miserable wondering where you are. You're getting slugged or shot at maybe dead somewhere. But we do have fun together.  Betty so help me on a stack of Bible. Oh sure but come on come on your eggs will be overcooked.  Yes ma'am. You like my country state.  Oh Mr Barton J Robinson used to be an attorney. Robinson sure he's the one who prosecuted that big insurance fraud a few years ago one of the companies I serve. See him there eating breakfast. Bachelor isn't he. Yes he lives all alone. I think I'd better warn him to stay away from you that you're my property. He's the most punctual man I've ever seen. If he isn't there when I'm eating my breakfast I know I've over slept here now. And if you want some toast. Hey Betty I'm thinking. Yes. Well maybe it's just my crazy terminal wine. Thinking about what. Yeah about that. Holy smoke. No I've got so used to it morning after morning. Hmm two of them. No crazy kids. You know who they are. Oh somebody had the police come out here a couple of mornings but of course they didn't show up then. And I guess everybody else has just got used to them the way I have. Now let's eat. Funny though. The crazy breakfast. Once they get past here they stop it. Well don't worry about it. But I should have. I should have worried plenty about it. Perhaps if I'd been a mystery writer instead of insurance investigator who's used to solving mysteries after they've happened. Well I would have had sense enough to act right then immediately. Or maybe. Yeah. Maybe there was still time. And you have no idea who those two are the ones who go barreling by in that hot rod every morning. Nobody could seem to find out Johnny and as I said. Yeah everybody's got used to the noise of that backfiring. But listen Betty.  You call them kids but they aren't. Honey please. I thought we were just going to have breakfast and talk and sort of make up for last time. Yeah I'm sorry about that but now look. Honestly. Do you have to dream up a lot of mystery and intrigue about even the most normal things that happen. They cut the backfiring just as soon as they got around that curve. Three CFU 160. What. The license on that car. Oh Johnny. Hey listen honey let me use your phone. I see one right here in the living room. Oh yeah. But why and Johnny your breakfast will get called. Be right back. My phone call was to Terry Wilson who worked in the Department of Motor Vehicles. It took him a few minutes to dig into the files for me but when he came back to the phone his answer was short and to the point. Sorry Johnny but you must have made a mistake. You're sure about that. Absolutely. But what happened why do you want to know. Well I'm just curious that's all. Oh now Johnny I know you better than that. Back Johnny and thanks thanks a lot. Now Johnny. Oh sorry buddy. Oh I guess you're right Johnny about driving wife crazy I mean. I was right about that car. What. That license on it is a phony. There ain't no such number here in Connecticut. All right so a couple of kids didn't have enough money to buy a license. I tell you they aren't kids. Now that I've had a chance to think about it I'd swear there was something you made here about the looks of the one beside the driver. Oh sure some nasty criminal you've tangled with him. Oh Johnny listen this isn't why I asked you out here to cook up some deep mystery.  I don't care about him Johnny I care about you. You say that every morning at the same time he's there beside that window eating his breakfast the same time that car comes roaring by. Yes when he's here that is he was away for five or six weeks. Until when. He must have come back last night this morning is the first time in five and when did this well those hot rodders start coming around. Oh well I guess it was about a week after Mr. Robinson went away. Casing the chart. What. Johnny for. Betty listen to me you probably won't forgive me for that. Johnny. Sometimes when I'm working on a case. Well sometimes when I run out of leads well all I have to work on is a hunch. Three months I've been waiting.  I wasn't going to tell you until. So maybe my hunch is right. But I called the office and told them I wouldn't. Because I got a real big fat. About that car. Go somewhere drive out in the company maybe. I'm sorry honey I really am sorry. I said kind of make up for a lot of time. I've got to get on this thing and right now. Johnny how can you do this. I'll pick you up tonight we'll have dinner taking a show make a night of it anything you want I.  Please honey. Tonight for sure.  See you later. I set out to find that car who owned it and why the big backfire racket in that particular spot they have today. There was a purpose there I was sure of it. Not just a couple of kids out on the tear. Besides they weren't kids I'd seen that for myself.  You want another bottle of beer huh Johnny. Okay now as I was saying Mr. I think I know the very car you mean yeah. 1941 tied down with straight pipes must have been a convertible before they throw the top away makes a lot of noise you know who wants it where I can find it well I think I seem to take the cutoff one morning cut off yeah when I was on my way to work cut off about a mile up the road to cut off over the barley swamp right thanks a lot. Well you interested in buying that old crate something like that the cutoff to barley swamp wasn't much more than a wagon tracks through the woods but the tar marks I was looking for stuck out like a sore thumb and they finally let off to an old shack half hidden by a heavy thicket behind it sure enough was the car I've been looking for the windows of the shack were boarded up no sign of life slowly and carefully I circled the place and I walked over to the door turned the knob opened it you know something I've been awfully wrong about there being nobody around okay mister.  You asked for it. It's ringer see who he is. The ringer was too big for me so rather than take any more of it for the moment I lay there and let them go through my pockets and of course they took my gun when the little one gills started pouring water not only on but into me while I had to come to a choke event. Oh give him the whole bucket. Johnny dollar insurance stick. Now I know I don't like getting up on your feet. You think I caught if I wanted to. Yeah you really clipped him ringer.  So the copies have been after me since I got out of the clinic but they couldn't find me so they had to send you out is that it dollar. What do you think. I think you're going to be awful sorry and awful dead. You think you or anybody else could keep me from knocking off that fancy mouthpiece after sending me up the way he did. Well nobody smart enough.   Well why not now. Anything goes wrong. I might need dollars for a hostage. Oh sure. Only what's a hostage. Only nothing is going to go wrong. I'm too smart for that. Yeah I guess you are at that ringer. That business is driving by his house every day the backfire. That's right so nobody worries about it no more. And the backfire will cover the shots when you murder lawyer Robert. That's right. Nobody will even notice. And all that takes is one good shot to his window just a little hole in that window nobody will notice unless they go up and look at it. An elaborate scheme like that just to show how smart you are. No because Nolan I'm on the loose again. He is at house locked up like a bank vault. Not even Gill and me could get in without setting off an alarm and he keeps a blinds down at night can't even see him in there. But every morning at the same time he's there at the window. So now that he's home we got him tomorrow.  Soak up some of that ride so we can tie him up and get out of here. Yeah sure. I want to get some food and some sleep. Then darling we'll be back to see you in the morning. And after we do you won't see anything anywhere anymore. Wet ride. That shrinks when it dries cuts into ankles and wrists like a steel band.  Sure I could roll around a bit maybe even out the door. What good was that. There was nobody. Nobody ever came around this neck of the woods. I lay there straining against the bonds hoping they wouldn't cut off the circulation completely as the wall hides slowly and expertly. Wait. It was raining raining hard. I rolled myself painfully out the door into a puddle in front of it. It seemed like ours. It was ours.  I looked at my watch 8 15. Which meant they'd done their job. Yeah. Now they'd come back here. I heard the hot rod coming down the soggy wagon road quickly I ducked back into the shack way to behind the door. He wasn't there. We had the storm to cover us. I don't get it right now. He wasn't there. That winter means somebody warned him. Means that Johnny dollar warned him. That means we're taking care of dollar right now. No way. Listen. What. That car coming down the road. Yeah. Yeah I see it. It's a girl that lives across the street from that mouthpiece. What's she doing? I don't know. She pulls in here. Find out. She is. Here she comes. Look out. You have it. Yeah. Oh no you don't. Baby. Got it.  I'll. Bless you. Oh no. No. That's OK honey you did the right thing. When you didn't come last night. And this morning when the man at the road house told me where he sent you to find that hot. So I told Mr. Robinson to stay away from his window and I came as fast as. Are you all right honey are you all right. Yeah sure a little wet and tired. Johnny I was so worried. I was so worried about you. I'm sure glad you were. Thanks honey. Oh. Do that again. Sweetest kiss. Run over me. Right at you.  You think I'm a goner. Can't you see I'm busy. Yes. More Johnny. Louis who really saved the life of that insurance attorney. So most of this expense account covers some well earned entertainment plus a little gift for her. No. Not an engagement ring. But a big jug of my sin.  Shiny dollar. Hard to tell you about next week story next week. Well next week the funniest combination of names I ever saw. And brother what trouble they cause. Join us won't you. Yours truly. Johnny dollar. Originates in Hollywood and is written produced and directed by Jack Johnstone. Heard in our cast were Virginia Greg. Boris Lewis Barney Phillips and Tom Holland. This is Jim Matthew speaking.