Good evening and welcome to the live stream here on the independent investor channel man. We It's amazing to me. I think that there's so many individuals out there. I'm a staunch believer that As a community and as a group we can probably seek out Goals and and results that are far greater than we could potentially achieve on our own I think collectively were were extremely powerful I do the very best I can in continuing to foot stomp The beauty that lies within each individual investor, you know finding out what makes you tick and Maybe it maybe it takes somebody like myself to tune into you for a few minutes over YouTube And and have me tell you look that's all right It's all right to identify those things and maybe find a little bit of confidence in your own ability to make sense of what's going on right now in the stock market, which is Pretty brutal. It's been pretty brutal on me for the last couple months. Anyway, it's just been kind of a bad Hell hell 2021's been kind of a strange year real strange for me I've said this throughout the course of live stream No big deal.  All right, I Get people all the time man that come and they want to throw stones at me, baby about how crazy I am about my application and I I beg to differ. I you know, I'm right in the pocket, baby, right where I want to be I'm Deadset hundred percent sincere on this no doubt about that and there's a lot of people out there that that invest There's a lot of people that are seeking out The potential of investing maybe they're still in the research phase Maybe there's some young folks out there as well that are that are looking at the prospects of investing and you got to evolve to that advanced investing Perspective and this which you can get when you tune into a message like mine is I Can help bridge the gap to that? It's taken me years and years and I think for a lot of people man when I talk to them They get it right away. They get it. They're right there smack dab in the pocket. They can really start to apply But I think I think those are the far and few between I do I think for the most part the masses That kind of struggle like like I do And I do I I don't profess at all To have any type of insight to the market that is not readily available to anybody else out there I'm just not one of those folks that believe that that's possible I think there's a lot of different people out there that think they may have a strategic angle on the market And that's all great and plenty. It's vexed people for decades Some of the best analysts out there and you know It's it they've come and they've gone And the market has still persisted through ups and downs To be taken advantage of by anybody who has the courage to participate long term in the market And really look at the market from the perspective of Holding through the volatility and and and maybe even looking at You know downturns in the market as we've been historically taught to do as being buying opportunities just that simple I mean really that's just nothing of what it's proved to And this is a lot of the reason why financial planners, you know, will sell the idea that in times like this they You know pay pay the most value to people in that, you know, people are not prepared for this mentally and I don't I don't I don't know what that lack of preparation. I don't know where that comes from I don't I don't know if it just comes from having everything handed to you on a silver platter Your entire life So you just find out about this awesome thing called the stock market and and people are making money hand over fist And therefore I can just get involved in the market and start making money hand over fist too It's just as easy as that, right?  This is horrible Um, you know, why did you get me involved with this and everybody starts blaming everybody as to You know why why it is it's it's their misfortune on Seeking out the stock market opportunity and it potentially doesn't work out in the short term Four or five days a week two weeks maybe a month or two Maybe they really stretch it and they go a couple months and they're like, I can't take this anymore. This is horrible I just think that the mechanical aptitude that you need really the mechanics of investing in and of itself It's not going to provide you validation in so far as standing in the grocers checkout line And being able to pull the extra gum off of the shelf on an instant buy and you pay a couple bucks And you can pop a couple of them in your mouth and start chewing away and it's really good And it's like man, that that was the best two dollars. I've ever spent. It's just phenomenal.  It really does a lot of people are like hell. Yeah, man I've had my car for two years. I'm going to go buy another one And it's just that phenomenal feeling of driving that new car and just that the smell and the scent I I think people honestly, man, they they not only get addicted to You know the the prestige of having a new automobile But I tell you what man, it's that new car smell and when that smell leaves You really should go and trade the car in and buy another one for god's sake You really should because the euphoria dies off, you know And and if you can do multiple things at the same time boom boom I'm buying this over here. Boom honey We got to go get the Starbucks and then we got to go shopping over here, man While i'm holding the Starbucks, we got to get you some jewelry and we got to get you this So we got to get to that.  This is this is fabulous, man rib tip When you invest in the stock market, it's nothing of what you've been accustomed to do People become mentally institutionalized in about seven days Okay, so if you think for a second that you're going to fight this Like natural instinct that you have to make money and spend money and make money and spend money Spend money like this like we don't we don't actually spend physical money anymore Be real with me. Okay. We swiped the credit card. Okay We swiped that credit card now we just tap it now now we just tap that credit card, right? You understand the vicious cycle. I've talked about this all the time So when we invest and we say well, how much do I need to start Ryan? You know, what's a good starting amount? I've got 20 bucks. Can I start investing and it's like Well, maybe you should read a couple books first I just take that $20 and just blow it and get as many books as you possibly can get get the intelligent investor, man Give it a give it a good whirl spend $20. Hell get the hardback version man. Send it to me I'll sign it and send it back to you to be a signed and numbered copy from the independent investor You'll get more knowledge out of that than you'll ever get taking and buying You know 10 packs of gum for that $20 again, man I mean you could put multiple pieces in your mouth Blow a bubble this big, you know and that that is that instant gratification that we're all looking for right, right?  Come on, man.    I mean, this is pretty awesome. And I felt like saying this phenomenal, man That's um, it's a great thing having mommy and daddy buy you a Mustang GT. Do you ever think about maybe working for it? All comes down to perspective Eventually even the Mustang GTs and even the cars that you go and justify to buy Eventually turn into dust they do they turn into dust They do they become worthless Okay So when people come in and they're like, oh the stock market's horrible and make no mistake about it guys Tune in into the independent investor channel when the market's down a little bit You're getting a real treat because it's not normal To look at your money in the way that I do and justify it in the way that I do You should pull all your money out Ryan and buy lower prices. That's what you should do. That's what I should do Tell me more. I'm interested as to what I should do with my money that I've Seemingly followed a strategy to get to this particular point, but seemingly you have answers Um, I'd like to see your net worth or I'd like to see what your discipline has rendered up to this point Which brings me back to my point a lot of people think that what's going right now on right now in the market is crazy Well, if it if you don't like it throwing the towel don't invest Do you think it's crazy throwing the towel don't invest? No big deal, man The only the only thing that I would ever just wish upon people Is pure and unadulterated happiness.  Okay Stock market is not going to bring you any such joy. Trust me. It's not the stock market is a man made thing Okay, sorry ladies. It's a lady made thing. It doesn't matter stick with me. You'll get my point It's it's it's it's one of those things that you can participate in to put capital to risk to Enjoy the appreciation of said companies that you're looking to take a stake in. Okay It is what it is. It will not bring you joy and happiness Okay, if it brings you joy and happiness on the upside and you're like, uh, this is amazing I'm a phenomenal investor. I'm gonna tell you what I got this idea I'm gonna start a youtube channel and I'm gonna tell everybody how awesome of an investor I am because I've been making money in the stock market for four months I'm gonna make a money for four months and I am phenomenal. I Know exactly how to do this thing. I bought my first eight stocks and let me tell you what man six out of eight They're up Six out of eight not bad not too shabby Okay, I've got something to share with the world Because I'm up Okay We all know that the stock market has the ability to humble Really anybody at certain times of of being involved in the markets all really how Your mental approach and handling that same thing a shit guys. I buy gum too. Okay I like to chew it when I'm at the uh on the on the elliptical in the morning Uh woke up every single day this week. I was pretty proud of myself. Oh 500 in the gym, baby. How about you guys? any stories Anybody in the gym?  Don't don't get me with this man.  I don't care. It's 0 500. Maybe I've got a little bit of string of craziness in my mind But I don't know. Maybe it's the most same thing out there to be honest with you Um keeps me level Mm-hmm keeps my weight under control It keeps me level-headed What they would say is a stressful job, but I don't see it Um, I love my job. Absolutely. Love it. You're in the rat race, right? Okay. I'm in the rat race. Love my job I mean, I'm really proud of what I do. Like when I tell people what I do. I'm really proud of it Um, when I when they ask hey, I heard you had a youtube channel. I'm like Yeah, yeah Yeah, yeah, don't call me a youtuber. Please. I that just sounds idiotic. Please Yes, I do at some point come on and and called with Um, uh, offering a little bit of my uh, two cents, uh over a social media presence, but let's not talk about that You know, how about you? How's your finances? You know, because I really do truly enjoy talking about that type of thing. I really do But uh, you know, I I I just find it interesting all the time man I really do the perspective in in investing. It has to be isolated. You're not going to be able to take What you think you know about life liberty and the pursuit of happiness and apply that to the stock market And get 100 validation out of it at all times. It just doesn't work that way part of the gig is Remaining invested. What does that mean? What does that mean? If you subject your money to risk 365 days were a couple days away from Closing out 2021 ask yourself. How did you do? How did you do as an investor? Do you feel like that there were times that maybe you could have done a little bit better? Maybe there were some times that the volatility got to you a little bit Maybe there was times maybe to where you looked at it. You were like, damn Maybe I could have added a little bit there, you know, ryan talks about buying the dip all the time You know buying the dip is easy to do As long as you're not pulling capital out of the market to to buy the dip. Okay Don't misconstrue always stay invested in the market But you keep some of that idle cash to the side there to take advantage. I call it strategic buying. I've done it my entire life It's really made a big big difference for me There's no doubt about it.  That's a bad bad move Could be vertigo still out Um, I'll let you know in five years. Okay.  I was down 800 dollars and I was like god dang I I thought I was gonna be down at least six eight grand at least I mean six eight grand No doubt about it did the calibration and I'm still funding the market always always funding the market Okay, one of those key nuggets that I throw in there all the time Invest what you can when you can to the market and I don't care if it's a couple hundred bucks, man It's all good. It's all good money is relative That's what's really funny A lot of people think in society that the more money that you have or or or you've made Somehow gives you that much more of a degree of oomph Or credibility Um, I don't think so. I don't think so Because sometimes making money is by sheer nature of hard work. Yes, I acknowledge and those are the people I tip my hat to but other times Making money and growing wealth is a product of a lot of different things and yes I might suggest that luck and timing are two of those those things that go into it So I find it funny how if luck and timing go into it and really you've come into A lot of wealth that you really haven't put a whole lot of super hard work in If you have great if not No problem at least acknowledge, man that you are not the end all be all of wealth building Okay, you don't have all the answers You might have a short-term answer on a certain inject that's working for you at that particular time I know I know Then you want to go start that youtube channel and tell everybody how awesome you are And that they should try to follow in your footsteps The problem is you cannot duplicate that timing and you sure as hell can't duplicate that luck So what do we do each and every person out there man has that potential to put themselves in a position To grab luck and put it into a bottle for themselves. There's no doubt about it I wouldn't have had the the opportunity to Come on the independent investor channel Demonstrate what it is that I do and share in what I consider to be somewhat of a successful Portfolio and wealth building strategy that I'm on the strategy makes sense to myself. Okay now stay with me guys This isn't braggadocious at all But a lot of people would look at what I do for a living and how much I bring a home In the household income and be like he's got to be poor y'all right Ryan are you putting food on the table man?  I feel bad for you man. Are y'all right? I still to this day have people condescending to me Really do if I don't wear a suit and tie or or I don't wear or I don't drive a bmw I mean hell I could go by 10 of them right now. I just choose not to I just choose to I have zero Zero motivation to go and make an expenditure like that people are like are y'all right man? How are you bud? You doing okay? The truth man is what we're after here And it's not until we take that objective and really almost sometimes critical look in the mirror That we that we can actually kind of put that self-challenge down for ourselves Yeah Not new year's resolutions, man. All that's horseshit Okay, you know set up a new year's resolution You want to make a life changing decision for yourself, man? Think about that jet all the time All the time How you like them apples? It may take you months, man. It might just take you months to Substantiate to internalize to understand what it is that you may have to do to change the The natural course that you've put yourself on in your life The real challenge for people man is are you willing to do it? That's a scary question and I don't know man something that drives the holy shit out of me, man Is that I think that people have more potential than they give themselves credit for I do And maybe that's my fault Maybe that's my fault. Maybe I see more in people than they're willing to see themselves Perhaps perhaps That doesn't mean that the potential is not there Guys pour a drink sit back man. You're in for the six fast to 60 minutes on youtube Appreciate each and every one of you guys stand by just sick It's like life is good man. You're all all right. You're all winners. Okay.  It's not okay So that's why I say that it may take months In the evolution of living a fulfilled life, okay finding a partner Astronomically more difficult than investing in the stock market Catching the lightning bolt of luck timing, right? Very difficult, right you can't duplicate luck You can only rudimentary put yourself on a plan that only puts yourself in a position to maybe potentially Take advantage of maybe good timing Maybe an 11-year bull market. I I don't know You know, it's going to be interesting to watch the landscape as this thing turns on its ear because My core and perspective my core and perspective Has everything to do with why it is that I do what I do Through investing. Okay. Now I expect that down the line That plan is going to render results But I don't substantiate that In in the short and medium term In other words, I don't look at it day to day and say wow today's up. I'm a better person for it It it doesn't make any sense for that. It doesn't Okay, this is going to be a long and winding road it is and Your expectations of the investing game have really got to be on point And you really need to learn and if you haven't learned this yet on how to separate from your money It's it's critical to learn this psychological Mind f is what it is The ability to separate from your money.  Ryan. You're losing out to inflation. Ryan.  We're going to need cash. You just just take the whole wad and throw it at the market Okay, again I'm really interested in people who know more about what it is that I should do it. You could be right You could be right. You got me you caught the tater You caught the tater You could be right But what is right for me Is what I've decided to do and I have some Situations in my life where I've been over levered to the market And I haven't had a few dollars to go and and buy A can of pinto beans to eat to eat. I needed to eat. I needed to eat some foods So I didn't faint fall over and faint Right So I was over levered to the market.  You're young. Go at it, buddy. You're the man Well, I am the man because I'm an independent investor. Okay. This is what we advocate for If I can keep 60 percent Of of the money over the course of my life on my side with my liberated dollars Look, man, I can afford to put a little pater into the savings account and be totally fine to lose out to inflation. Why? Because I have that accessible when I need it to strategically buy the market when when I when I need now If you can remain totally levered to the market and you can stomach the flood the fluctuations in the market Great.      No, no, no This is this is not happening and it does and it happens and it happens for a prolonged amount of time And then those 12 to 15 stocks that you have man, and that is all you have Now if you could strategically buy them because you have no money in your account because you've put all your eggs in that basket Right because you've heard Warren Buffett's philosophy about putting all your soldiers out front to go fight the war for you right Without even the thought of maybe thinking maybe this isn't for me Okay, maybe there is a little piece to a value type of proposition in my portfolio, but I didn't need that Hell I needed it when it was going up every day and it was making me piles of money But I don't need this jet right it goes down every single day. This is horrible. This is this sucks I didn't sign up for this. I did sign up for it going up every day But god dang it i'm going to go in and get some inspiration from ryan on the independent investor channel That's what i'm going to do man. I'm going to get some spiritual Intervention from the independent man Come on in i'll help you too All right, but the idea is to step back every now and then and ask yourself It does this make sense to be this uh totally levered There's a lot of folks out there that you know are going to rely on those invested dollars As the sole source of their retirement funds when they get older, okay Do you need to be playing with your retirement in that way? How is it that we can deploy a few elements of tried and true behavior in the market that are defensive mechanisms and and again man when all everything's hunky dory It's like ryan sucks man. He just doesn't talk about he's just not sexy enough, which is just not true I'm a very very sexy bitch But when it comes down to talking about What it is that's sexy in the market It's only good when it's going up and then it's like defense diversification. What what the hell is that? Me i'm like i'm totally fine. I've got 60 percent of my money right now in tax protected accounts that are diversified in nature across multiple index both the total markets international markets and You know, I really like the vig. It's really good. I've only owned it now for about five months. I really I like the fund It's really cool.  This is this is I love this when the market's going up But man, I sure hate this when it goes down You know I don't know find that core Find that core find that center Find what it is that makes you tech. I went to uh My daughter's quiet concert last night, you know the christmas concerts and the auditoriums, man And I was like, I don't know it's been a really challenging year for me man. I broke down three times crying You know, I heard joy to the world. It brought me back to my it was nostalgic man It brought me back to my church days and I was like, holy moly. I remember that stuff when things were a lot simpler and a lot more peaceful and The demons hasn't hadn't exercised their place firmly, you know not a lot over here You know what I mean as it got something over here, you know, I mean it runs right along my part You know what I mean right here, you know over here not not a whole lot But right here I tell you what you screw that up Yeah, my hair just ain't gonna look right, you know, I mean It is the season I'm telling you man I've held off this whole time man, but I gotta watch the real version with all the cussing Don't sell yourself short and watch the censored version on db, man. Don't do it. Don't do it Watch the real version, man. You gotta see the cussing. Okay. You gotta see the rant. All right You gotta see the ramp. Where's the tile at all? Gotta do it man Take a break Life is good, baby Life is good Love it. Love being on here with you guys. We will be taking next friday off. It's obviously Christmas eve We will do the last live stream of 2021. You will not want to miss that If there are 62 viewers in here getting to see a nice free show You didn't have to pay anything to get in here, which is great. That's how it'll always be Because There's nothing there's nothing special about what my rants offer except for a very very deeply rooted Passion for trying to share some perspective with you That all too often I see lacking in the world lacking really maybe just even a sense of humor A little bit about this stuff. I don't know. It's like that thing. I don't know Claude This is just terrible. The market's just horrible. I don't know man I wake up and I look at it every single day.  The portfolio goes down every single day. This is horrible and it's like It's like, I don't know cletus. You're the same person that you were yesterday or the week before Jesus I don't know. Maybe I should just sell everything jail with it. This isn't worth it having my wife complain to me every single day Of note, you should probably pulse in with your significant other as to what your investing plans are So that way if you end up in something like a I don't know a 2021 That does nothing that burned the portfolio down. You guys are on the same page and understanding that the gig is more long term I'm betting that amazon's gonna be around in 20 years. That's just my bet. I don't know call me crazy, right?  I think if anybody can Somehow convince me That not investing in the stock market is somehow more sane or more controlled or somehow Investing in the market is is is insane. It's not for me. Yeah If you can convince me that those people who have justified not investing Is less than investing in the market, please do so Learn me up. Learn me up. I'm listening I will I will digress from being the teacher and I will be the student If you can tell me how those people out there who are quick to criticize others like myself who are trying to carve out something Very special in this life Is on some sort of a chosen path And they can accumulate wealth without the help of the stock market. Perhaps maybe they're doing it through real real estate. I don't know Totally totally awesome. I don't come from money Give me a mill mill and a half two million man. I'm dangerous. I start my real estate career. I'm good to go man I'm looking to network with people. No doubt about it. You think you're interviewing me wrong.  No way. I'm out of here.  There's no doubt about that And um, I think going into the next coming years Those would be those would be products that we Absolutely look to build out Um and bring some people in that are some players. No doubt about it that there's killers No doubt And and have that core mentality You know, they're really centered correctly on in on the inside and this day to day in the market doesn't get them all Freaked out. You know what I mean? It's they're just They know how to do it and it's all about the business. It's all about the plan It's all about the execution of the plan and through sound execution, man. The renderings will follow Okay Invest in the dividend stock don't be surprised when it renders a dividend.  Um, I I was up 25 on Pfizer. I went ahead and took profit yesterday rolled back in 50 shares man of almost all house money Man, that was a big win. Pfizer man.  Yep. You remember some of these? No, I don't remember right? I've been busy following, you know a firm and a son and Shopify right Do it all Get some growth Get some value Get some diversified index funds ETFs, whatever it is Jam it into the account that I talk about again in sequence Look man, if you've got plenty of surplus capital above 6,000 Lovely come talk to me if you don't haven't won that spouse over yet You know that significant other well then totally man. You can justify Um starting that Roth IRA if the income isn't up above the 130 for a single income Person and I've had some people come by and they're like Ryan. I make way more than that You know what what are the options for me? I just like geez. I don't know man contact me directly. Okay, like you're already a winner I'm speaking to the masses out there who have never Myself included never made 130 thousand dollars in a year By myself Okay, so I I just would go out on a limb and say maybe there's some others out there Maybe that are in the same camp as me. I don't know.  You're not a millionaire. Everybody in here's a millionaire, man.  No doubt about it Get to some comments guys Fantastic. I just want to thank bob, man. He's been with me for a long long time. Really appreciate his devote Subscribership to the message means a lot to me man a good friend of the channel Um ex-service member man my hats go off to you man. I just love you to death.  You're a lot like me when I first met this guy He said I'm honoree ryan and I was like good. Good me too. We'll get along great because This is this is what we're missing nowadays is everybody wants to just Get along with everybody and and although I think that's a very very noble clause There's some god-awful bad people in the world There there is a difference between good and evil Okay, if you want to walk center line all the time go right on ahead man. Um, I will not share in that sentiment. Okay Um, I'm trying to focus on those things that are good. When was the last time you helped somebody? You know When was the last time you did a good deed when was the last time you helped your damn self? Oh, I'm not selfish ryan. I'm trying to give away the farm. No, it's okay Be selfish if that's what society wants to deem you take care of yourself first Then you can look to take care of others Very very simple approach. Okay, but if you can't take care of yourself How the hell you expect to take care of others man?  All right Toughen up a little bit. Okay, the erics erics fantastic been their brother in the sand Yeah, man. He knows what I'm talking about. Come on, man. And these people too, man like erics talking about We don't say that stuff to judge others who maybe haven't put themselves under the press You know, it's just that I've been there And and you learn a lot about yourself, man I had to get myself out of the sand In a lot of different ways. I'm talking, you know From from an you know, like an analogy, but you know, you guys understand It's when you've been in those rough times It allows you to kind of define for yourself your your range of tolerance in this life And it kind of allows you to understand who you are And when I'm pursuing this project With the compassion and ferocity that I do I'm right in the pocket. I feel the most alive. There's no doubt about it. I really do Verge is throwing down man He threw down two dollars because he heard my analogy of the chewing gum, man And and and he he wanted to support that initiative.  This is on verge right here, baby And I'm going to pop it in my mouth and I'm going to be like, you know what if I could just invest In the manner in the way I feel right now chewing this, you know, within the first 20 seconds How good it is when you take that gum for the first time? Yeah, we try to invest that way Verge, I really appreciate it man. Thank you for all the All the support man everybody everybody's awesome man. I love y'all no doubt about it Guys are all part of something special. I'm just here to write the business. No big deal. Very simple Gotta love the channel. I do. I love this project. I love you guys.  I'll drop an invite in I wonder if somebody's going to pop in nobody ever does say hi. I'm just sitting here by myself Whatever it is a couple people trickle in waiting, you know 10 12 people anyway And I always wonder, you know, is this going to be the night where I tune in and nobody Nobody turns into the message Never happens that way man, and I think it speaks to something that's uh kind of hard to put my finger on At this point, but it feels right No doubt let's jump in real quick man. Talk about some portfolios here We were down week over week, but I I really was it's amazing how these things transpire week over week taxable account here Some additions to note added a few more doubled up the position and vti on this dip So we're sitting strong with 50 shares there So I'm satisfied still holding, you know, I almost doubled up the position and bowing here 190 but I did opt this week to actually increase my position to Lockheed Martin 25 shares in Lockheed man. Yeah. Yeah, not too bad for a small-time player bad baby on a on a blue collar salary Not too shabby 25 shares of Lockheed Martin do the math. You bet you Added sales force in here is a value play dow component In the portfolio. I did declare and I felt real bad.  Could I have held the shares? Yes, I could have but it was affecting my health And I went ahead and the liquidated the four dropped it to a 1700 share position In the brokerage account. I still have 7750 shares Which now I feel significantly better on I feel like I'm right in the pocket with my position I'm good to go. I do have access to another 5 000 shares right now So the total overall share potential shares That I own outstanding right now 77 50 with uh an additional $5 000 in call options They're perfectly fine right in the pocket with that. So I thought I'd declare that in full transparency I've been pretty bullish on it. I know there's a lot of people holding the bag on it And and so I you know, I I want to at least give you the idea about what I'm doing It it has nothing to do with selling out Of the company it just I really didn't want to take that large of an outstanding position down into the two or three dollar range And at the time we were accelerating And and it seemed like the company really wasn't doing a whole lot I haven't seen a whole lot since then that I would really consider To be to be like to be really that tangible or exciting In way of you know turning the turning the story around The delay has pushed it to 2023 man. I was like, you know what? I can't do it So went ahead and paired paired but paired that back We'll get it back. There's no doubt about it. We'll get it back and We'll we'll continue to fight another day But 77 50 is where I sit for you guys that are Highly on airs out there and and follow that anyway roth one here 115 nothing too crazy I did add a little bit to the o in l position which spun off of realty income That is an office space reit to triple net customers So very good clientele that go into that o in l trades about 18 bucks right now Does not currently pay a dividend, but I'm bold in bold in the position up to something Spun off 10 shares for me, but I beefed it up I think I put another 65 shares on top of that o in l position everything else Was maintained the same. I believe I'm going down the list here. Yep Yep, everything else remained the same like I said the little swing trade advisor This week just to I don't know prove to myself that I could Matt money sold Wells Fargo. I actually added back in I really did I think in a higher interest rate environment We ought to do quite well in the financials.  So picked up a small token position there 65 shares or so 75 maybe 50 50 50 shares of wells is what we what we went with there Roth 2 Here we go one on one Alibaba Probably the biggest disappointment that I've had this year holding true on Exxon mobile was a really good Move on my part kd. That was the spin-off from my vm. I am bold in that position up as well All of my passive ETFs are up the triple queues are up nicely Kimberly Clark is back in the black. I've had that in the red for a long long time I've owned Kimberly Clark now for well over well over a year Maybe even a couple years and it's been really a bad bad holding for me I've just held true dividend reinvesting now. We're almost back in the blacks solidify the position They're very stoked on that Just a wonderful staple to own in the portfolio. Just an absolutely fabulous company Here's m1. You can see the sparkline. We were down across the board and god dang near everything It was not a good week. It's just hasn't been a the last couple months have been pretty pretty bad Are we going to have a Santa Claus rally? I don't know the year's not open I'll let you know december 31st on the Spirited into the year live stream that I do to cap up this which has just been kind of it's been a weird year I'm not going to say that it's been bad because I don't I don't think that way The successful mindset doesn't allow you to think that way I've just been overly critical on the investing piece From a business perspective fabulous put me in a perspective right now. I'm reincorporating the company I'm super stoked on that reincorporating the llc Super stoked on that You know we're we're going to do a nice clean division here of the company Look to scale up some of the existing projects that we have Whether or not that turns into something or not. I don't know I don't care. I build it out just because I enjoy doing it. It's fun And it provides people more access to me if that's what they choose to to pursue It's either that or you can go join the financial fortress. Go do that But by by nature of the way that it sounds it sounds pretty badass like You could be part you could be with jeremy in a castle with a moat and a drawbridge talking financial Literacy with each other and you could be making each other wealthy on the fly. It's a beautiful thing I think you'll find in reality. Those things are probably not quite as Not quite as easy to obtain And you'll pay a fortune for that realization. So My private groups are significantly less than that significantly less And I'd be hard-pressed to say that there wasn't a ton more value in that And we're enjoying it where i'm fun. We're wealth building together. Here's the etf portfolio doing fantastic Here's the dividend growth portfolio. See when I talk about Buying the value stocks from a singular nature. This has 79 holdings. It's not diversified Okay, but em one finance allows me to put a relatively small amount of money I say relatively because it's spread over 79 holdings and 10 Different slices within the portfolio, right? It allows me to invest in that capacity and man, I tell you what I get an email almost daily You made another dividend or these three stocks have paid a dividend you made this much It's pretty cool. I'm really excited about the prospects of this old girl This was the one that actually was up week over week up a couple bucks This is the bond portfolio. We're going to try to get some fixed income into the portfolio I always enjoyed investing in it. I don't know why I sold it in the first place So we're going to try to put some safe money in here this yields right on about 3 percent in the portfolio And I I don't think I've rolled this out just yet I intend on doing that As I chronicle it for you guys TSP. It's been a real iron side for me. It's been a nice performer this year I looked back and just not too long ago. I was 27 thousand dollars here. We up or Closing in it's been up above 62 1063 grand. I do fund this pretty aggressively. This is 20 percent of my income goes right to this so If you don't think that I'm serious about my program Retreat recheck your criticism. Okay. I The the monies are flowing in there and you think wow, you know the stock market's terrible right now Don't you think that maybe you should like pull it all out? No, these are the very times when I look at it and say my dollar cost averaging right now is working The further it goes down the better it's working And that's just the perspective that you got to look at it It's just that simple and I truly do I don't just say that I truly do believe Because it's been proven to me over and over and over again The real takeaway for you guys is to prove that for yourself If you can show yourself that you can buy in a downturn right in the face of adversity When youtubers are coming out saying the stock market's crashing Ryan's got this video out that says we're all nose diving to the turf Buy into that okay I don't know if we've seen the end of it. I don't really care. I don't really think that way I'll continue to be a steward in the market. We'll monitor it and I'll let you know my polls from week to week here This is the vanguard's growth. This is kind of cool. Got this tucked into the robin hood And then the weeble account is 1318. This is a mid cap here in this one Swissf has holding nicely. This was up a little bit a $4,300 bill in Swissf here. That's a globe x kind of a spec play anyway Shoot small company a small company. She'll go to the nasdaq next year If you didn't pick up on that tidbit, I'll go ahead and repeat it for you home gamers It's going to the nasdaq next year swissf globe x very good stuff Crypto so for all you guys that were crypto maniacs and you figured out that the independent investor channel got involved with crypto If you're wondering why crypto goes down every day. It's because I invested in it So if you need me to sell out of it so your crypto can go up Just go ahead and go ahead and send me via venmo paypal Zell whatever you'd like if you you'd like to make a contribution to the channel You can do that. I'll go ahead and sell out of my crypto so you can go ahead and continue to make some money because Um, I I'm not really sure if I understand this whole circus But um, maybe I'll understand that I'm going to keep it in there Just to prove to myself that I can't actually make some money with cryptocurrency But let me tell you what man. This is this is a complete joke.  Did you check like it goes down every day like I don't really know what gives but anyway people tuned into that and they're like, yeah, man I was at the concert last night and there was two people talking behind me and they were like, yeah I got 60 60 that 60,000, you know, I got about 60,000 on the run-up I never sold, you know, because I believe in it wholeheartedly I felt like turning around to me and like you can believe in something all you want man, but It's it's not it's not what makes something go up and It's like wow people have more conviction to me now. That's crazy.  So Keep it in perspective here guys. Just having a little bit of fun with this old girl. All right Down fractionally week over week. We're good $5.05 here if you question why you tune into this it's because of the very validation It's because I've worked a lifetime To have enough to buy a couple sticks of gum when I'm standing in the line at wal-mart. Okay So $5.05 fantastic. We're down about about a dollar or two anyway week over week here in the portfolio Acorn holio Reaptip that's what I'm talking about, baby. You betcha get back into some comments here. How you fantastic? That's cool, man.  I forgot to clear out my five dollars and five cents, didn't I? I gotta get it off of there. There we go. Okay back to the comments. I'm in tostico I saw a comment that I thought I wanted to get to we're gonna go a little over time tonight I know the gents won't care. I don't even know if they're in here I'm scoping through I got I got all the diehards loyals man Matt and kyle are usually in here man. I'm scoping and I don't see them Dang it all man They're gonna miss me shed in a tear because they are not in my live stream. God dang it That a suckers Start at the bottom and see what's up Matthew Simmons, man. You get it. You're you're at the very bottom This is have a great christmas ryan all the best to you and the family. You betcha tsp going up a thousand It's 20,500 next year. Thank you for that. Absolutely 20,500 of eligible contributions. You add that to the existing 6,000 of individual Roth contributions You add the 6,000 of additional Contributions that you can make as a married person you're talking about some serious wealth there Potential tax protect for a military member. It's huge Military member or government worker alike I always say, you know military there and I hate to cut out the anybody that's eligible to attribute to tsp. It's a beautiful thing. I can't I can't do that. I 20% 20% was about a contribution of about it'll shake out to be a little over 10 11,000 So shoot man. I I'd have to beef up, you know to 40% almost half of my pay To contribute to meet those caps and um, I'll eventually get to A point where I'm doing as close as I can to that maximum But man, that's a lot because I do max out the individual Ross. That's 12,000 in addition to that But I think the point the takeaway here is for young people to understand that civilians or at least people who do not have access to the tsp Only have the ability to tax protect in individual Roth accounts Whereas military members and government workers alike have the ability to tax protect to 25 as Matt Simmons has Nice and graciously shared With you guys in addition to the individual accounts. Very cool. A lot of people don't know that It's very very awesome benefit. It's huge All of my tsp is Roth tsp all of it the whole thing every single thing Matter of fact, there's like four or five hundred dollars that I started in the traditional When I first started it because I thought I was going to be able to roll it over Ha ha ha I called them and they were like, are you an idiot?  Well, can I just take it out and then reinvest it in the Roth doesn't work that way either We'll get you for a penalty put out about it. We'll get you for a penalty. Thank you such for a lively stream It was lively. I was feeling the sauce tonight. No doubt about it really was Merry Christmas to you All good. I tell you what man one of my absolute favorite people and I've never met her in person never and uh Just a wonderful wonderful person. She's come on behind the scenes. There's a private person just like I am you can tell Right, um, and she says hi to me in the family. She's met. She's met my whole family Just an absolutely beautiful person Absolutely beautiful spirit And you make me a better person because I know you that's the biggest compliment that I can ever pay somebody Merry Christmas to you. I just love you to death. All right. Be well Keep on with uh chugging into 2022, man. Let's uh keep the party going. There's no doubt about it. Let's do it All right, very cool. He says let's meet in vegas. I'm down.  We used to do that in los angeles, man We'd be on the road boom zooming over there four hours later. We're in vegas Staying in the plaza true story Oh 19 bucks a night, man Yeah, I used to 19 bucks a night I go win a couple hands of blackjack and I could pay for my you know my extravagant stay in las vegas, man Stay at the strip. Why I can go walk the strip for free.  That's thank you so much, man I'm gonna stay in a little bit and do some well wishes for you guys. Absolutely. It is the season I'm gonna stay in a bit longer for sure Two to three range. Why do they get the two dollar valuation? I don't I really don't I cash on the book right now I mean, this is what we're using to value the company right now Um, it's funny. I see technicians trying to value. I see fundamentalists trying to value the company Um, I think all of its futile. I think the company is going to do what it's going to do I think there's going to be catalysts that are going to jump the stock Up into the mid-teens and everybody's going to be like god dang. I got that sucker wrong Look, you want to invest in the company you invest in the company If you think it's going to two and you want to wait to two go ahead and do that I don't think that's going to happen. I don't I think it's basing right here. That's just my perspective I've said that a while. I've been wrong at eight. Do I think we're going to see lower than eight? No, I don't look at this man enter into the fives just today Never been so happy to see the stock up 25 cents today. Never been so happy, you know To show that type of of strength and base out and I really kind of bounce a couple of times, you know I mean sherry baker's entry was about 605 Did she does she or the other execs the four that have bought a little bit of shares anyway? Um, I just you know, my frustration is with paul cardo. He does a great job on the rat packs. He's super smart guy Really like him. He's you can tell he's always trying to walk that midline a little bit that neutral perspective, which I can appreciate. I wish he was a little more scathing. That's just not him he doesn't want to do that because he understands the impact of his message but He was a little critical on that last thomas healy interview. I thought that was well founded I did I just it's so irritating to be asked cart blanche about the recess stock price And to completely dodge the question And he gave thomas healy a little bit of credit for answering the question I was like he didn't answer shit He didn't say shit about it. Let's and I'm a little bit more scathing with that Like I'm not trying to get down on the ceo. I am I am I get down on him. That's why I pissed off the interview And he'll never be on the independent investor channel ever Like and I just don't I don't care because I'm going to say what I want to say Say that shit. Yeah. Hey the stock price is in the shitter what we're trying to do right now Is drive shareholder value by doing alpha bravo and charlie, right? We're going to do these things to try to bring the stock back in 2022 We're going to try to do this this and this Never says that just ignores it like he's running a different different company than the one that's publicly represented Through the stock. I just don't get that own up to it. Be a man. Have some stones. You know what I mean? Come on man.   I'm invested in this guy really Jesus my stock in Highly on has been fine My stock in thomas healy has gone down a little bit based on the last few interviews and I just I don't know if he's really In tune with what the hell's going on. He's a smart guy. He's got to be He's got to buy give him the benefit of the doubt no doubt about it It sure doesn't come through in the interviews man talk Come on thomas talk start a youtube channel man.  I own you a stablecoin earning 9% a year. Very cool. That's awesome Thank you for sharing that. I really really appreciate that.  No big deal. I'll I'll stay in it for the long term. No big deal but Anyway, guys, we'll start to to We'll start to wrap it down a little about thoughts on qqq. I own it. It's fantastic projected growth man look over the last five years Um triple q's is at least two and a half to two x Yeah, um, so I worry a little bit about that. I do Um qqq is a it's an interesting makeup of stocks. It's not all tech in there. It's it's it's interesting It's an interesting little product. I I own 25 shares of it myself It seems to Accommodate a very nice little corner of my Roth by array. I like it for me. I own it personally in my account And I like it what I invest my entire wad in it No, and I certainly wouldn't do that at this juncture because it really has had a nice run Especially of the last three years I can remember the triple q's man down at an area that was like man alive and I do own some uh vgt as well Yeah, which is vanguard's technology So I I do own that I own about four thousand dollars of that I own about ten thousand dollars like I said in triple q's. That's good for me. I'm good So control a little bit of scale If you wanted to scale into any position you could do that I think the product is phenomenal. I think it's a top tier product And I think it's a great product for any young investor tech's not going anywhere I think tech 10 20 years tech is going to be the place you want to be it's always been my favorite sector It has been my whole life It has been up to this point and I I believe it will be in 20 years So by conviction on technology has not changed As a matter of fact, it's probably become more fortified Over the last coming years. No doubt about it. So great investment Just scale into it now at these levels is is my recommendation if that's what you're looking at To to house a little piece in the in the portfolio. Um, I love the product. I own it myself Absolutely All right investors. I'm gonna get the feel but I've seen me hide. He is so Got your first M1 spider. You bet makes total sense. Well, I tell you what brother You're the only one that's ever said it's made sense. Uh, you know, why not just invest in the s&p 500 Right. It's one etf Why it makes sense in M1 finance to me is I get to throttle it a little bit more Customizable in the way that I want it and that's what makes sense to me furthermore I like the ability to fund all of them at the same time So I can just throw it at M1 finance then it divvies up over the portfolio But uh, I enjoy the hell out of that portfolio. I really do the verdict was a little out when I started I thought man, where's this gonna go? I like it. I like it a lot. I I absolutely can see this sucker getting up to 50 100 grand No doubt about it. I love how it performs It does pay a dividend that is on par with the s&p 500, right? That is not why I invest in it I invest in it for the diversification and the ability to put that little bit of top-end waiting toward technology I just think it's a great way to hybrid invest. I wouldn't do it exclusively Okay, um, I I think the total market indexes is a better way to go holistically to hold, you know Hundreds of thousands of dollars But if you wanted to start something like this to house kind of a strategic angle Let's say you've got 50 000 in the portfolio. Let's say you've got 10. It doesn't matter. It's relative if you've got 10 I like the idea of putting a $500 bill in this portfolio and starting to build it up over time Then you've got $9500 to play with with the total market ETFs Maybe buy some dividend growth whatever it is that you do with your strategy. It works really well This just fills kind of a strategic angle for me. That's all it is. It's diversified. Yes Pays a nice stipend of a dividend. It just does represent the market I can strategically buy the market at any time by funding it up When I see dips in the market, it's wonderful You'll see the the buy-ups that I've done in the portfolio over time And that's just something I like I like those strategic buckets to work work work While I'm doing other things and then when I come back to them and say, you know markets off 20% man Let's let's throw a little strategic inject in there. It works perfectly for that I find it difficult to find a lot of criticism with this angle whereas on the onset I was getting a lot of criticism For why that why I did that and I like it. It's a cool way of investing. Appreciate you stopping by brother. Thank you Very cool stuff. Yep Very cool, man. Awesome I've got Lucy. Lucy's here. Ricky Holder here. Fantastic. Fantastic. Great to see you Start to kind of crank it down a little bit guys A heck of a gallery tonight, man Really appreciate all the support 2021 man. It's been nice. I get just about as much benefit perhaps maybe Out of this gig as you you guys do. There's no doubt Project means a lot to me. It really does It means a lot to me and so far as I believe that there's people out there that can hear my message And I say it from a lot of different angles every single Friday I say it in a different way. I throw in a few jokes. Maybe I get a little crazy every now and then that's fine but in all sincerity To empower one investor at a time is a very very powerful very very simple Very very It's a transferable message To a lot of people it's scalable If you can relate with the fact that I didn't come from money I work very hard for my money on a blue collar salary I might add I am part of the rat race I don't have a lot of Patients for people who are trying to take shortcuts in life. I do value hard work I do value those people who maybe want a little bit more out of life If you can relate with some of these concepts, man, you're in the right place And I'm not going anywhere this message stand the test of time. It's an infinite topic I'm one of those youtubers man that never ever ever Runs out of a topic to talk about why because there's probably that one next investor out there, man That if we can get to and change their life Um, maybe down the line man, it might be cool. Hey, they caught a live stream many many moons ago And they can say hey ryan, I caught you that it motivated me. I got to think about maybe Um, you know making myself a little bit better of a person For sure and that's all we're ever striving to do man. Nothing special about what I do Nothing special about it the real special piece is to bring out the best in people that that sometimes I contend is there I see it where maybe even potentially a lot of people don't see it in themselves Guys, take it easy. Merry Christmas to you guys We will be off next Friday and observance of christmas eve. No doubt about it Have a merry christmas to each and every one of you love you to death Great to see you. We'll catch you on january 31st for the last live stream of 2021 You will not want to miss that guys stay tuned And we'll catch you in two weeks for the year end 2021 Merry christmas to each and every one of you guys be well. Stay safe. We'll catch you in two weeks


After serving nearly 28 years in law enforcement, Officer Tom Charbonneau has retired from the Bemidji Police Department. Charbonneau worked in many areas of the Police Department from bike and motorcycle patrol to negotiator and SWAT team member. The city of Bemidji honored Officer Charbonneau today at City Hall with a reception so that everyone could wish him well and then this afternoon the department gave the retiree a special parade send off as he drove home. Charbonneau says he will miss working with the public and he'll also miss working with his fellow officers as well. Not just the people I work with but the people he worked for. It's been a the city of Bemidji has been a wonderful place to work and some really good people city-wide you know we work with you know all the departments so well. An official retirement party will be held for Charbonneau on Friday March 9th at the Bemidji Eagles Club. If you enjoyed this segment of Lakeland news please consider making a tax-deductible contribution to Lakeland PBS.


Hi, everybody. Welcome back from break. I know it's hard on the second day of the conference to pull yourself away from those critical conversations, but this is going to be, I think, a really good one. We are, I've been sitting and listening this morning, and one thing I heard from a few people next to me was on some of the panels, not all, was sort of, oh, this is very US focused, and we are pulling you out now of the US, and really talking about global energy perspectives with two people who are doing work in critical countries, China and India, but also all over the world, and really going from the macro to putting these technologies in the ground, putting these technologies into the market. So I'm very, very excited about the panel. Thank you both for being here. So to my right, I have Zhang Lei, who is the CEO of Envision Energy, and Envision Energy he describes to me as an energy technology company, so doing renewables at a very large scale, but also very focused on the internet of things, on IoT and their headquartered in Shanghai, and he will be talking about work they do all over the world, not just in China. And then next to him, Abhijit Sathe, who's the COO of SoftBank Energy, and SoftBank Energy is the global part of the SoftBank Energy world, a headquartered in Delhi, and doing large scale renewable generation as well as EV penetration, again, all over the world, mostly in Asia, I think. And expanding more. And expanding more, and with a fair amount of U.S. technology partnerships as well. So we have a great kind of perspective here going from these big questions we've been talking about for two days on global climate change, global energy, global grid, requirements down really into what does this end up looking at the local level and how do you get it done. So I'm gonna ask both of you, and Lei, I'll start with you.  What, this panel is about global energy transformation. What do you see in your work out there that you really think is transforming global energy systems? You know, with what Arun's talked about in mind, with what others have talked about, where do you see transformation happening? So we spend recently a lot of time on the energy IOT systems. And the reason, actually since 2012, the reason why we focus so much on the energy IOT is because we, early days, we started with wind turbines. We are so convinced. So renewable energy is going to be dominating. So it's going to give us the almost close to zero cost of energy eventually. So we start to be worried. So what's the future of energy company if you actually have the almost zero cost of energy? So that's true. It's already happening. Now you see the UT scale solar is close to three cents. And if we're doing the renewable energy, wind energy in the Mongolia, so we see the cost of energy is reaching around 1.5 cents per kilowatt hour. So it's, it's just only like, renewable energy is basically like teenagers. It's starting like 2000. So teenagers are already being so dominating, invasive. So I started to worry. So when, what will be most expensive things in such a free energy system? So then I realized, okay, you could have zero cost of energy, but you are going to have a huge cost of synergy. The synergy actually somehow utility friend just mentioned.  And the great utility is worry about stability. So when the renewable energy kicking, so our energy system has become very fragmented. So more or less, if you reach 50 or 80% renewable energy, so this is going to be dominant, not about renewable energy, it's about the weather, weather system. And by billions of solar panels, charge point and wind turbines and EVs. So this is such a chaotic system. So how can you organize such chaotic system? So there's synergy.  That's why I say, okay, we are shifting from cost of energy to cost of synergy. It's a really interesting point. We talk a lot about the shift to renewables being one where we shift from paying for energy over a long time to paying for capital costs and then free energy. But you're really making this additional point of, yes, and then when the energy is essentially free, there's all of this integration that then becomes a new challenge with new actors and new companies and new innovations. That's really a great point. Abhijit, what do you think that, where do you think the big transformations are happening? So I think, having worked in other parts of the world, the developed parts of the world, now I'm working in parts of the world and speaking of teenagers where the population of youth is at the highest India, Africa and a few other countries. And these are also underdeveloped economies. So they're growing at some of the highest rates today, seven to eight, nine percent. And so what you're seeing is, the previous infrastructure obviously can keep up with the youth and the increasing demand for energy coming from the growth. And so like a revolution that probably took place 20 years ago in these parts of the world on telecom, where instead of laying copper wires and having telephone network like we have here, I think these countries are basically hopping that entirely and going instead of investing into the traditional type of resources, which obviously some countries now are against nuclear. Others may not want coal. Some others just care about low cost. But what's happening is, there is a massive revolution going on in these countries. The demand we're talking about. So I've worked, for example, in the US for about 10 years. We've built largest plants so many times. Generally the plants were like five, 10, 20, 50, 100, 120 megawatts. Now, the territories that we are operating in, typical plant size is probably a few hundred megawatts at the lowest because the demand is such, because the projected growth and the youth demanding electricity and the lifestyle is such. So that's one aspect you see is underdeveloped economies growing substantial percentage of people under 25 in that part of the world. The second thing is, any of us can open up and look at Delhi where my office currently is and look at what the Apple thing says right under Delhi. Probably says hazardous air quality. This is all too common in the area. So for example, I was once observing the three cities that I shuttled between were pretty much three in top five, worst air quality. So whether there is the awareness that is existing in the world and where there would be value put on carbon, which I don't think it is, cost dominates, which is actually the third dynamic that goes on. I think people are realizing that whether they speak about it and put a value on it and give money for carbon or not, pollution is definitely a part that is playing on people's mind in these parts of the world. And the third one is cost. These happen to be territories where even three cents is too expensive, right? So and there is probably not enough money for carbon credits and things like that. So that naturally creates the necessity to drive the cost down. And a lot of times people approach cost down as let's cut things out but that's really not the way to look at it. It's about innovating and innovating faster. And so what you see is incredible innovation and even that innovation, the way you target it is very different. For example, a lot of innovation can be targeted at reducing labor costs because labor costs in other parts of the world are significantly higher just to give you a sense. Indian labor cost compared to US labor cost for a solar project is somewhere between five and 10 X less. So why would I put a little bit more cap X and take out labor? I might do other things. So the innovation gets targeted very differently. And then the fourth dynamic that we're seeing in terms of trends and revolution going on is what they talked about. Just like the telephone paradigm, the previous infrastructure wasn't there. So when you start talking about grids, super grids and connectivity and using these things as efficiently as you can so that you don't get into at least today storage that's far too expensive to solve some of these problems. Renewable and storage have to be paired. We all generally speaking can get behind that. But the cost of storage is too high right now. So these countries and territories that are actually going mass scale renewables and what is impressive to say for example is California obviously sitting at about 30, 35% renewables and on given days it's even 50%. But even in countries like India, that percentage at a country level is now exceeding 20%. So when you start talking about that and you say all right, it's all intermittent generation. How are you gonna fight intermittency and what are you gonna do at night? There things about storage and using all the renewable resources effectively and bringing down the need for a very expensive storage. Those types of things also start going into innovation. So those are sort of broadly the four themes along which we're seeing global innovation going and going a little bit differently compared to the western part of the world. There's a lot of food for thought there but what you were talking about was making me think just about something we've talked a lot preparing for this panel which is just the profoundly local nature of how these things play out in the different countries where you're working. And like can you talk a little bit and then Abhijit a little bit about sort of how the kind of existing, the population, the energy mix, the existing economies of the places that you're working, how does that affect what you can and can't do? So you're going into a place with a renewable project and the default question in most of the rest of the world though not as much here anymore is coal, right? As a cheap energy source and you're kind of coming in saying we have another way. How do you make that argument? Can you give some examples of places you've done that or how you think that plays out? So long term planning is very critical. So that's why I mentioned it. So when even in the early days of renewable energy we started planning the energy IoT system. So for any country or any company you should are really thinking much long ahead. So to avoid you are being trapped in such difficult situation. So that's planning is most critical thing. Well, and just to push on that a little bit, how do you make a case for, and Abhijit you can jump in on this too, how do you make a case for long term planning in a place with short term political cycles? And frankly in a situation where you're replacing in some cases a very labor intensive industry that's mining dependent, transportation dependent, continual extraction dependent with something that has a fair amount of labor at the beginning but may not have as much going forward. How do you make that long term argument in that political context? Very difficult, a great point by the way. So for example we deal with the Indian government at hundreds of gigawatt type of scale but there is a political cycle in India that's about every five years and right now the next set of elections is in next May. And as it happens here the existing government doesn't wanna take any risks and sign long term contracts. So yes, it is hampered tremendously. So I think you have to live with that reality a little bit and obviously we will have to be very smart about when the elections are over to hit people up about policy more than year three or year four of their term. But I think for example Indian electricity base load comes from coal, right? They have lots of installed gas capacity but they don't have gas. So much of the capacity is actually shuttered, right? So and then the Indian coal as a raw material going into these plants has a lot of lignite and it doesn't have as high a calorific value. So these are actually local realities but despite of that since it is base load since we are intermittent generation I think the only way we've learned to fight when you get into these conversations with the government like the department of power and things like that is basically to be better on merit without subsidy. There is no subsidy and the easiest way to fight this is that and this is where the previous point I made which is incredible cost pressure and of course we're building 25 year assets. We all wanna do a good job about building and living up to that headline. Then it all comes to innovation, technology innovation. That's a great point and Leigh, from your perspective back to your long term point do you find, I mean you do a fair amount of work in China and other places in China do you find the five year planning process to be helpful in terms of long term planning and making those arguments? Is that a helpful overlay to the politics of kind of doing this work in China or is it still basically back to Abhijit's point you just have to compete on the cost? Yeah I think China also have this kind of five years planning and I'm not sure whether it's helpful or not but at least you should really have the long term thinking. So from an envision point of view is so now what we are thinking today is not even beyond energy IOT. We are thinking beyond energy. So in the future when in a renewable energy society what is the most valuable things because cost of energy is zero, very close to zero maybe but so what is the most needed for the society? Probably it's not energy but energy become the real commodity. How do you convey this service based on energy? So something we recently we have seen we're providing the IOT operating system for Singapore's migration. So we are thinking beyond energy because we say okay now our energy IOT system is connecting 100 millions of devices. The first step is we are helping the energy efficiency produce more energy or saving more energy. And the second step because this energy IOT is the gateway to the machine network. You're now able to control the machine you can do all the kind of machine efficiency. Make a machine more reliable, more predictive maintenance. Then after that you can even achieve this operation efficiency. So then how can you create energy or not energy is a machine social network. Create a machine networking platform so to achieve this operation efficiency. So these kind of things so as a leader of energy industry we should see should really go beyond today's situation it's not backward looking. And then you see someone said okay so the utility industry is still quite is a robust model. I don't think so. It's on the biggest challenge. All in the gas companies think about hydrogen, ammonium, think about fuel cell and EV companies coming they want to be a new type of energy service provided like Tesla like Nissan. So and the community solar, community wing is find another angle and the digital company also want to play inside. So that's lots of fusion coming. So what we think energy company is you cannot be a pure energy company anymore. Or more companies will become energy companies that weren't prior utilities. So we just heard GM is becoming an energy company to some extent. So utility is becoming volatility. So it's becoming electricity company. There's a question from the audience that I think is related to this and related to what you both said about both competing on cost and some of the innovations you're talking about which is and to your point Abhijit about India not having the gas resources. Which is do you think some of these developing countries will leapfrog over gas? Will essentially go from coal to renewables without this quote unquote bridge fuel that we have here that's been such a huge part of the revolution here. Abhijit you want to go to that? A very interesting question. So I think there is no one size fit all so just give a couple of examples right. So one of the territories we are working in is in Saudi Arabia. So guess what? There is no coal and there's a lot of gas and you try to tell them alternatives to gas. It doesn't work very well. And I think you know you go to coal country and you say the opposite you know you're probably not easily gonna replace coal. So in areas like this we're being given a challenge to say my base load is coal. Can you beat my variable cost only? So it becomes and by the way you know there's a lot of talk about innovation and things like that. On the consumer on the selling side you're selling an electron. It is a commodity. People can't differentiate you know in the western world people would value if it's coming from a clean resource. In other countries you don't even have the choice to select where your energy is coming from. So eventually it will get there. It is not there today. But you know in terms of will gas replace coal I think it's a very very localized answer depending on the resources available. I do think that in countries where gas dominates it will be such as KSA, Saudi Arabia. It'll be very difficult but eventually one would. And you know in areas where coal is easily available you know I think people have realized you know especially in some parts of the world.  But I think you're just gonna have to beat it head on and at a cost that is lower than their variable cost. I had one comment on gas. Go ahead please. Because you know so one speaker mentioned about the gas provides capacity. And what I think is not limited to the capacity. Capacity is not only about the physical capacity. Someone we should be able to providing the digital capacity. That's why IOT is so important. The digital capacity is very similar to today's Uber or Lyft model. So in a very fragmented energy world how are you able to orchestrate these devices to create a digital capacity and create these dynamic things for pricing. Well and that's related to another question from the audience but also I've been thinking as you've been talking. Leigh and your vision, sorry for the future. You know what role did these big transformations that Arun talked about play? The battery, lithium ion batteries and storage. Can you create the world you're talking about without a dependence on batteries? What does that look like? And I'm gonna just add layers on this. And what role did EVs play in that? And specifically in developing areas where EVs are a much bigger part of the market. Does that become a backup batteries thing for you? Does that get integrated into your vision? How do you see all that play out? Great question is, so I have something to add on Arun's comment. He mentioned by 2022 so we are able to reach $100 per kilo hour but I say we're going to arrive much early. By 2020 we are able to deliver the cost of about $100. So because we are recently we've just bought a Japanese battery company so we are very detailed and I analyze this trends of cost. So we are able probably by 2025 to achieve 50 US dollar per kilo hour. You know what that means? That means by 2020 when you, because think about 10 years ago you have 1,000 US dollar per kilo hour. 2020 you have 100 US dollar per kilo hour. Make your capex on the car is almost similar to the diesel car. By 2025 you only have another half. Your capex on the EV is going to be much cheaper, 20 or 30% cheaper than diesel car. So overnight people is going to change because there's a consumer market. And what I can tell you is in China every year is about 30 million cars coming to the market. So if this changed overnight, stimulating car, if assumed every car has 50 kilowatt batteries, this capacity is going to 1,500 gigawatt capacity. You know what that means for China? The historical accumulative generation capacity for China is 1,800 gigawatt. So within a year you have to double your capacity. For the last 30 years or 40 years, that's a huge impact for the energy system. That's why I say EV is going to be a fundamental challenge on today's energy system. How are you going to, if this car charging at the same time or even say charging randomly is big headache for the utility for grid. So that's why IoT and the plus AI, that's why I say AI, AIoT is very critical for the future. To help you to distributing this energy, charging, discharging, balancing grid, and also taking into account of the weather pattern and also about temperature things, then it's a very quick, it's kind of a very sophisticated system you need AI to solve that. So bringing on this huge amount of new demand but you're thinking sort of how do you make that a, how do you have that become a benefit instead of a challenge? Yeah, true. So you can turn challenge into the benefit. Right, right, right. So that's why, so I say. You have the systems that integrate. Yeah, I add on the AIoT is going to the fourth biggest trend for the energy industry because this is renewable battery is acting on this supply side or demand side. And the share gas and supply of demands but you should act on something on the system side. That's the digital IoT plus AI. Well, I want to get back to that but Abhijit, I have a question specifically for you from the audience, which is, unless you want to weigh in on this question, in which case you can. But that's. Yeah, just different aspect of it. I think, you know, every time we talk about energy storage naturally batteries come to mind but I think to answer the question, from a technology perspective, I think that's just going to be a small part of the solution. I think there may be many different ways in which energy can be stored or redistributed as is necessary at times. And I think the cost of batteries will ensure that batteries at the moment are not the only solution. So you might get all variety of solution, demand response, you might get hybrid systems where you're combining few resources such as wind and solar where they're complimentary and then pumping it into the grid that way. You know, I think all of the above is going to happen. I think liquid air, compressed air, flywheel, pumped hydro. I think they're all going to be part of the portfolio. Great, so sort of everything and answer. Yeah.  This is a question that comes from several of you out there who've asked about sort of policy environments and the role of policy. Amagita, I'm going to put this on you because you made the point that things had to compete without subsidy. How do I phrase this? So California has gotten where it is in large part because of the policy environment. It's a combination of policy innovation and market creation. They're all working sort of together with the regulatory environment. How do you think about the role of policy in moving what you're talking about, moving renewables faster? And then the particular question was, what do you think about India's potential to use the social cost of carbon? Is it starting to happen more and more to incorporate some of those air quality impacts that you were talking about and pollution impacts and actually just a speed adoption, change the cost curve a bit? Yeah. So interestingly, you know, it's a place where it should but it doesn't. There is, you don't get any, there used to be a rec system that is rec. There is no additional benefit you get. So the government, when they announced like 100 gigawatt by 2022 type of target, they really, there's zero subsidy and there is zero value being put on reducing carbon emissions and things like that. So I think in these territories, and we're seeing the same thing in other geographies that we're expanding to, some in Middle East and some in Africa. I think at the end of the day, between there being political will, political consensus, even to put maybe extra cost on gross polluters, there may be laws and they just don't get followed. So for example, Knox and Sox emissions coming from other sources, there actually is a law and we have realized that people are not actually paying that penalty. So as an industry or as a company, then you just go and decide, all right, I just have to take this head on and bring the cost where you basically just beat the alternate sources. And we are there now. I mean, we're below where cost of generation is where the issue right now is. We're not a 24-7 supply. Coal can be or gas can be or nuclear can be. You know, it's interesting you talking about the enforcement side really. I was talking to somebody recently about the Indian government structure and heard this may or may not be true, but I was struck by it, that the entire sort of EPA-like regulatory structure, the number of staff is less than in California. That's correct. For the entire country, which is amazing if you think about the enforcement issues. And in China, actually that was true till fairly recently as well, very small enforcement arm for environmental regulation. What do you think, Leigh, about this question of policy? What role do you see? And I wanna ask you specifically, it's also related to a question from the audience. You've kind of talked about blowing up the utility model and all of these companies coming in and different pieces of this being owned by different people. What does the regulatory structure look like for that? If you were to wave a wand and say, here's how I would design the policy and regulatory environment for all of these actors coming into this new kind of grade of the future, what would that look like? Yes, no, we need an imagination of that. And for me, I don't care too much about policy. Because policy is always slow. You realize I do policy for them? Yeah, policy is always slow. I won't take that personally. And take too much about the select issues, balancing. Sometimes policies tend to be balancing. So I believe in this market force and technology. The reason, so that's why I'm so keen on this EV revolution. So it's kind of fundamental bottom-up change. Totally, so then policy, what I can expect, they're going to still react, but they're going to react much faster. Today's policy is not proactive enough, but they are going to force to react much faster. Well, EVs will force the mobility side to go faster, right? I mean, EVs will change, will force the transition from combustion vehicles, but in countries like China, EVs are still running mostly on coal. So what is it that forces the renewable side to go faster while the EV side is going faster? So that's actually, is about, you see that China have every year is taking about 50% of renewable installation for globally. And still the coal is a quite dominant factor. And what we can say in China is, probably is we, again, this is kind of revolution starting to start from the edge. So starting from this distributed solar. For instance, previously no policy on distributed solar. So overnight in 2016, so distributed solar, or 2017 last year, it suddenly has 30 gigawatt installation. And then policy maker realize, this is going to big trouble on energy system. They start to make a policy to actually to continue this distributed solar. So what I want to say is, so you always have to find a way starting from the edge, starting from the grass roots, start from the different cross-function, cross-industrial revolution. That's why EV is about, again, for coal issue, I think. So once we make renewable energy, it's so cost competitive. Now government realize, okay, now renewable energy, you don't need a substice. You and the grid company also welcome to that because it gives them great incentive to build high voltage transmission line as well. So you are able to ship two cents renewable energy from Inner Mongolia to Shanghai. So that's actually everyone benefit. Right. Well, I feel, and I feel the need to defend my poor policy world here for just a second by saying the reason I would argue that solar's gotten as cheap as it is is in large part because of the German feed-in tariff and Chinese manufacturing policy, both of which were policies. So as well as US renewable energy standards and other things. So we may be able to leave it behind now but it helped us get where we are. So let's have a little moment of thanks for the policy world. Avicii, given your kind of, you guys are building very big and you're building in a lot of places. Where, can you talk about, but India and also some of the other places you're working, where do you see the biggest bottlenecks to renewable scale? I think, and I would list in order of priority. Unfortunately, I make too many slight decks. Policy, land and grid in that order. Policy is a huge problem in terms of, the PPA is essentially part of whatever the government wants to offer. A lot of times because utilities are controlled by governments in most of these countries. So that is a huge bottleneck right now for us. Acquiring land in highly populous countries makes a lot of sense and then infrastructure. We all are familiar with curtailments happening in a variety of countries. And I think the non-enforcement issue is very different from the Western world. I was in a conference on storage about three months ago in California and it was heartening for me to talk about people honoring contracts and things like that. A lot of times contracts don't even have the value of the paper they're written on in some of these other countries. So those are real problems of doing business in these countries. So rule of law as well as enforcement, right? Land, for example, I have a live project and there's a hut in the middle of a critical plot where I just suddenly can't build for six months. It's not even belonging to the person who chose to build a hut. In fact, my team sometimes jokes with me, Abhijit, we should get in the business of building these huts in the middle of solar power plants. We have such good questions. I'm trying to integrate them as much as I can but you also are sparking more. Just before I go to my next one, Leigh, do you have any kind of big challenges that you're seeing, any specific examples of where you're seeing challenges to scale? Any of the places you're working in? You do a lot of work in, I know Denmark and Europe and sort of where do you see some of the big challenges? I'm the current energy world. Scaling up renewables and to your sort of vision of the sort of integrated renewable economy. Let's put it that way. Yeah, I think, at least I can comment something is on the U.S., is also on the European utilities. I find that European utilities are quite different to the U.S. utilities. So we work a lot with Danish grid companies, Norwegian grid companies, also German, DSO, TSO and also utilities. I find the U.S. side is relatively slow on this adaptive to this renewable energies. So, and I try to figure out what's actually behind that is so I still, I'm still, and also on China side is China utility is basically controlled by the grid companies. Yeah, and the generation and so lots of the big utility generation companies say now as they're shifting a lot on the renewable productions. But the good thing is, so renewable energy got its cost advantage, so now they're mainly producing the renewable energy. So, but it's also, all the utility around the world is quite actually slow move. So that's actually, I have a big expectation on the EV. So because consumer now is the first time, billions of consumers, so they are going to overnight to challenge this energy system. And they, everyone also have a chance to change the color of electricity because in the past, consumer say okay, there's gasoline in my tank, it's just one way. So now you have become two ways for your energy and also you are able to choose what's the color of the energy in my battery side. So then this is going to create lots of new business model, create lots of new dynamics. So that's a, so then I think it's, there's some fundamental, we'll start changing. Thank you, that's a great answer. We're going down to three minutes. I'm, so many questions. One of the things that a couple of people in the audience want to talk about is nuclear. So I'm gonna go to you, because I did not know this, but one of our audience members knows that India has one of the largest abundance of thorium in the world. So now we've all learned something from one of you. Given that, and also just given the large, we haven't said the words climate change, but the overlay of this entire conversation and conference is we need to get, and we'll hear from Chris Field on this too, we need to get to a place where we are lower carbon, we're using less carbon, we're sequestering more carbon. Nuclear is a carbon free alternative. What is your thinking on nuclear's role in all of this? So, I think about two ways, right? Obviously I work for SoftBank, and SoftBank being a Japanese corporation, some of you guys might know about our CEO Masayoshi Son, how he was impacted by the nuclear accident in Japan many years ago. So nuclear is a no-no in our company, and from, I'm sure there are several people in the audience who think of it a little differently, and I think that's a good view as well. When it relates to India, I think two problems crop up. Number one is the cycle time of building a power plant, even though it might be big, could be 10, 15, and in India it could be even longer, because the earlier process, the bureaucratic process of land acquisition, environmental permitting itself can take quite some time. So, compare that with other things, such as, for example, solar, which is what we do in large scale. One amazing thing about all these large plants that we build is we built a 580 megawatt plant in four and a half months, and the cost is very, very competitive. In fact, it beats most of the other sources. So right now, I think people realize that abundant of wasteland, abundance of wasteland, 300 plus clear sunny days, et cetera, et cetera, which way would you go? So yes, I think thorium is definitely a strength from a natural resource perspective for India. I don't think there'll be zero nuclear, but I think nuclear would probably be under a percent when it's all flushed out. Do you want to add another one? I think nuclear is great technology, but the thing about the nature of energy is about great technology, is about green and cheap energy for everyone. So that's solar and the wind and the batteries. So that one fundamental nature is a kind of modular approach, simple and modular. So it's not like a nuclear or gas power plant is very sophisticated. So it's great technology, but it's difficult to duplicate and repetition. So that's why people can make a solar panel so cheap, can make a battery so cheap, because, and also making everyone to own the solar panel and the battery. So nuclear, you can own a nuclear station, but everyone now can own a solar station and own an EV or own one battery. So that's why the cost of energy for renewables is going down dramatically. But look at the nuclear, actually the cost is going up for the last 10 years. Well, and this is, we are at time, but I will say this last answer really underscored something we've been talking about throughout, which is first, that companies are profoundly local. Where companies are headquartered actually really matters. Your stance on nuclear is very specific and it influences where you do investment in what you do. And similarly, countries have their own very specific approaches to these technologies. So I think that's useful to just remember. We have a global trend, set of global trends, but all of them play out differently in different places for cultural and political and economic reasons. And then your final point, I think is a really good one, just on the distributed nature, not just of the business model, but the distributed nature of the technology. Join me in thanking our great panelists, Leigh and Abhijit, on a good conversation.


Hi, this is Mohamed Safe-Shake. This is Alina Ryan. Today we'll be demonstrating how to dynamically provision storage resources for Windows containers on OpenShift. For this demo, we'll be using the Azure File Volume Plugin to provision, read-write many persistent volumes. First, we'll show you shared persistent volume storage solution between Windows pods and then add a Linux workload to the mix. To start, you want to ensure your system admin by running an OC Who Am I. Before you begin, you'll need to be logged into an OpenShift container platform cluster, and it must include one Windows worker node, one Linux master node, and one Linux worker node. Because we're using an Azure File Plugin, we'll need to first create a cluster role that allows access to create and view secrets. We'll add the cluster role to the service account. Next, we are going to define and create a storage class. Here, you create the storage class, and then you can confirm that it was created in a web console by panning over to storage, storage class, and you can see that it was just created right there. Next, we'll define and create a PVC with the input storage class name, our requested access mode, and here we're doing read-write many, and we'll also do our requested storage size, create the PVC, and confirm again in the web console by going to storage, PVC, check that the status is bound in both persistent volume and persistent volume claim. You can also check in the terminal by running OC-CUT-PV, and also see and hear that the status is set to bound. Next, we're going to define and create a workload, ensure that it is set to Windows, and we also want to specify the container mount path, and make sure that it has the right PVC claim name from earlier. Go ahead and create that workload, and you can also check the status in the web console by looking at workloads, pods, and then deployments, and you can also check in the command line by running OC-CUT-PODS, and you wait until the status is set to running. Our pod is up because the status is set. Next, we will exact into the Windows Container Microsoft PowerShell, and here we'll navigate to the file path that we specified in our PVC mount path earlier. The location here is shared and it represents the dynamically provisioned PV with the ReadWrite many access that we listed earlier. We'll create a test file here and then exit. Next, we'll return to the web console, go to pods, deployments, and click the name of the Windows pod and scale that deployment up to two. We'll give that some time to deploy the second pod. Now that the status is running, we'll exact into the new Windows Container Microsoft PowerShell. Here we'll navigate again to the file path and notice the file we created in the first pod is ReadWrite accessible in this pod deployment. We overwrote our original test file and we now exited the command line. Next, we'll demonstrate failover persistence with no data loss by scaling our pods down to zero and then back up. Now that that's up and running, we can exact into the Windows Container Microsoft PowerShell again and attempt to access that same file that we created in our first deployment. We navigate to the file path specified by the mount path and again, we're able to see the shared storage even on the pods that created the file as deleted before. Next, we'll demonstrate the Windows workload to Linux workload communication. Now we'll be deploying a Linux workload that's running at the same time as our Windows workload on a different node and we'll be showing that the storage is available to all nodes across the cluster, regardless of what type of underlying OS the containers are running on. Here we have created a Linux pod using the same PVC as our Windows pod, and you can see that they are hosted on different nodes. Now we're going to enter the shell of our Linux pod and navigate to the mount path specified within the pods YAML. As you can see, the two files that we created from our Windows containers are accessible and the contents can be read. Now we'll show a write from this Linux container, and then take it down in order to show failover persistence with no data loss. So we're deleting the Linux pod that wrote the test file and our cluster only left with Windows containers. As you can see, the persistent volume still exists, and we'll be ensuring that the data that was written by our pods before is still there. Here we're again entering the PowerShell of one of the Windows containers, and we've just ensured that we can read the data that the now deleted Linux pod had written along with the old data that the other Windows containers had written. So there you have it, a persistent volume claim on Windows containers on OpenShift.