And there's one item, in particularly, that I think is overlooked by a lot of resellers. So stay tuned for that. Hey, Bolo Buddies, thanks for watching. Amazing, right? All right, let's get started. Hey, Bolo Buddies, thanks for watching. All right, you guys, it is time for a featured members video. These are members of my Bolo Buddies YouTube channel, and I'm gonna share with you their Bolo. Some of them are unexpected and some of them are big money. But either way, I can almost bet that you're gonna learn something new in this video because I know I did. I just released a video recently about something that I found that I learned from one of my featured Facebook members videos. And I had it sitting in my garage and it was a big money Bolo. So go check out that video. But anyway, we're gonna get started here. I'm gonna tell you where they got the item, what they paid for it and what it sold for. And there's one item in particularly that I think is overlooked by a lot of resellers. So stay tuned for that. Let's get started. All right, so the first item comes from Simply Savvy Deals. And I'm just gonna kind of scroll through some of their items here. All of the eBay stores will be linked down in the description of the video. If they have a YouTube channel, that will be linked down there also. So be sure to go and check all of them out. Christmas is coming and great way to support other resellers. All right, the first item is this Canon PowerShot camera. And I don't know about you, but this is an item that I walk past all the time simply because I do not wanna test them. So if anybody sells these types of items and has any tips or tricks for the people watching, feel free to drop those down in the comments. This seller got this at an estate sale for $5 and sold it for full asking price of $79.99. The next item, Cutco. If you guys don't know about Cutco, oh my goodness, it is definitely a Bolo. If you see Cutco, pick it up. Let me see here if I can find right here. They are usually very visibly marked. This one even has the little container, which is fantastic. Yard sale paid 60 cents and sold this for a best offer of $70 plus shipping. The next item here is the Defender Bible. It's a limited edition King James version. And I will tell you that Bibles do sell certain editions. Some of the really, really old ones can do fantastic. This one right here, he got off of Facebook Marketplace for $5 and sold it for $139. And this was an auction. The next item is this Jaws Super Seen new sealed shark diver bottle model kit. So it's a kit, so something you build. And he got this at the Goodwill for $2.99 and sold it for $179.99. Anything new, old stock, I am definitely picking up, especially if it's only three bucks. That's incredible. This one comes from the Bulldog Shop, another new member here. So definitely go down and check out her store. And if you hit the heart, that will make you follow their store and you'll get notifications when they post new items. So that is a great way to stay in touch with sellers that you like. Right here, save seller, you just click on that. She sold Zir Bible. So this is a complete six volume set. So this is a little bit different. It's a commentary. I'm not really sure what all that gets into, but this is what it looks like. And she got this at an estate sale for approximately a dollar. It sounds like maybe she bundled and ended up selling this for $150. Bunnies by the Bay. And she gives credit to the zombie bargain hunter if you don't know who he is. It's Robert. He has an amazing YouTube channel. He sells a lot of plush, but he does sell other items also. But she was watching his channel and learned about Bunnies by the Bay. And she picked this up at an estate sale for $7 and sold it for 170 plus shipping. So this is another example of watching YouTube and seeing what other people are selling is going to strengthen your knowledge. So when you're out there sourcing, you're gonna be armed and ready to find these items. All right, precious moments. This one is from the beginning. It's a figurine. And most precious moments are bread and butter, but I know iBuyChit recently sold some for big money and you can find some big money ones, but you need to scan them and you need to check them because most of them are bread and butter.  And I actually featured his entire store because he has incredible bolos. I'll try to remember to link that down in the description if you guys wanna go check out that video if you missed it. All right, precious moments. She got this at an estate sale. She did pay up for it. She paid $37 for it and it sold for $200. Thriffton Style 1156, another eBay store. And you guys will see that not all of my members have YouTube channels. Many of them just have eBay stores that they wanna share and get their eBay stores out there for you guys to check out. It's a great way to look at their stores, maybe find something to buy, but also learn. You can check out their titles, their pictures. These people are successful, successful resellers that you should definitely be checking out. All right, this is a MCM mid-century modern. It's a wall brass sconce. And she got this at the Goodwill for $8 and sold it for $89.97 plus shipping. The next item, she picked this one out because she knows that I love to sell toys. And this one is a German cartoon figurine. Yeah, I don't even know what that word is. I'm not even gonna attempt. But anyway, it's a little vintage toy. And she sold this for $6.99 plus shipping and she got this at the Goodwill Bend. So her cost of goods was probably what, five, 10 cents. So that's definitely a good turnover. And it's a cool item that I've never heard of. So this is Avon Maui Bliss Body Wash. She sold these in a lot of four, but you can see here she has sold four of these for $14.97 plus shipping. She also got these at the Goodwill Bend. Her cost of good was approximately $3.50. The next item is this Lutron Casetta, I don't know, Wireless Smart Fan Speed Control. If you don't know, you definitely wanna pick up these fan controllers, they can definitely be a Bolo. She got this one also, this one is also, it's a different model. But she sold these, let's see. She got them at the Goodwill for $3 each. This one sold for $39 and this one sold for $33. So I know at my Goodwill they have areas that has these types of items and I usually walk past them and maybe I need to give them a little better of a lookover. So that's my takeaway from that. Okay, so she messaged me about the title of her name and I kind of like briefly scanned it. I feel like it has something to do with tarantulas and her name. So I'm gonna do the best I can. Tamantulas Treasures, that is her eBay store. And she's got lots of plushies here. So go and check her out and see what she has. She's got a screen mask and lots of good Disney items it looks like there. So I will have her link down below as well. I love this one. It's the game of boom or bust. It's a board game from 1951. And the best part about it you guys is the game is incomplete. So I usually, if a game is incomplete is I will part out the items individually. Like I'll sell the money. I'll sell the little game pieces. I'll sell the board. I've never thought to just sell the whole game as incomplete or missing parts. Maybe if it was just missing one thing, I don't know. But it looks like it's missing the red pond, the dice, the chips and the instructions, okay? And she still sold it for $79.99 plus shipping. So I do believe that that is a great learning tool for us right there. But let's look at this shipping 24.98. So one thing that I have told you guys in the past that I do is board games. I put them on Poshmark because they're heavy. And Poshmark has that set fee, I believe it's $7.95 for anything that's five pounds or less. So you may get more money for your item because the shipping is less. But just a little tip, if you're not on Poshmark you can sell hard goods on Poshmark. I recently did a what sold video of items I sold on Poshmark. Majority of those were hard goods. So check that video out. And we're gonna go on to the next item here. It is a vapor air vaporizer. It's a vaporizer, it looks vintage. And she got this at the Goodwill for $5.99. Took a best offer of $45 on this. Let me know you guys, would you have walked right past this because I know that I would have. I just would not even have given this a second look. The next item is this Panasonic Voice Activated mini cassette recorder tape. And Goodwill $4.99. And she did take a best offer of $50 on this. I'm guessing she probably could have held out for more but she did say that she priced it high knowing that she could take best offers, send offers and her goal was to get it for around $50. Another thing that I'm looking at that I think here that I may suggest that she utilized because I'm seeing she's in Washington and I'm in Ohio. And for me to buy this item, the shipping would have been $25. I don't know how big this is, but it may have fit in a padded flat rate envelope, which would have been, would made shipping about $8. And what I would have done is wrapped it in cardboard and then stuck it into that padded envelope. So that would have reduced the cost for her buyers and she may have gotten more for her item if the shipping was lower. Now the people that live near Washington, this shipping price is gonna be a lot lower. That's the same with me. If somebody from California is buying from me, the shipping cost is gonna be more. It just depends on your location. So if you can utilize at least a separate option, let me see, she might have it down here of a flat rate. So she's got, well, that's weird. Okay, so UPS ground and priority mail. So what I'm seeing here is, and you guys, this is a good tip.  So you know what your buyers are seeing. It looks like she has UPS ground as her first option. So that's what your buyer is gonna see. So if I, what I would recommend that she does is go in and make priority mail her first choice. That way that's what her buyer sees here. Because that can definitely keep you from getting a sale. If I saw 2498 shipping, I'm like moving on to somebody who has cheaper shipping. That's me personally. So just another tip right there. So check your shipping stats. Playmobil, this is a huge lot of Playmobil, garage sale, she bought a ton of it. I think her mom bought it for $50. And this set alone sold for 50. I'm looking at this and I'm like, ooh, I could have parted this out. Oh my goodness, look at all these amazing things.  And it's a great thing here. So let's see, let's look at the shipping again. 60 on this one. And it looks like UPS, Ground and Parcel Select are both $60 range. So that one wouldn't have made a difference. And she does offer local pickups. So that's a great idea as well. Auctions for you. All right, so she does YouTube auctions where she sells to resellers. Her and Donna Telebotelino do that together back and forth on each other's channels. So definitely check out both of them. And what did she sell? She's still putting stuff on eBay. Her husband helps her with the eBay side of it. And this is just a CD. Yari Moore never heard of him. I guess it's a Rare Salsa CD. She sold this for $29.95 plus shipping. So don't sleep on the CDs, definitely scan them. I know most of the time when I scan things they end up being like five bucks. And I'm like, ah, but 30 bucks is a great return. So she gets her items from wholesale buy. She goes out and she looks for, she's got people that contact her and she buys in big wholesale lots so that she can again, wholesale the items out to resellers and they can still make a profit. This is a mega blocks. This was from a big toy buyout she did. And she sold this for 69 plus shipping. And this was probably also from that big toy buyout. It's a Corgi. I think it's like a model kit here, 59.99 plus shipping. Oh, no, maybe it's these little trucks. So Corgi's a good brand, definitely. Corgi, Corgi, I'm not sure how to say it. Definitely look that up if you see it. Some of those can go for big money. All right, we've got Chozen Goods reseller who is finally back and listing on eBay. Hopefully we're gonna get a video from her soon. I think she's gonna do the Ben's bingo challenge. So excited to see her video. Sub her up, she is linked down below. She sold these volcanic light up wheels, roller skating indoor outdoor four piece dazzle self lighting. So these are pretty cool. They go on skates. She got these at a thrift store for $3. And she sold these for a best offer of $35 plus shipping. She also recently branched out to Poshmark and she is using List Perfectly to cross post. If you're not using List Perfectly, I highly recommend getting your items on other items because there are different eyes on different platforms. I do have a video down below that shows you exactly how to use List Perfectly. And if you use my referral code, Bola Buddies, all one word, you will get 30% off your first month of that, so definitely check that out. She sold this Build-A-Bear Advent Calendar and I did feature this in last month's video, but she sold it on eBay and she sold it on eBay for less. She sold it on Poshmark for 117. So sometimes you can get more on certain platforms. She did pay $35 for this. This was a retail arbitrage buy.  She also sold on Poshmark this Kirkland Pug Dog Painted Face Canvas Heavy Doorstop Rope Loop Top Pet Home. That was her title. Thrift Store, $2.50 and she sold this for $29. And her tag for Poshmark is Chosen Goods 21. So go and follow her. She is newer over on Poshmark and I'm sure she would appreciate that very much. Champagne Taste 73. She just got a new banner and she got that from Real Creative Studios. You guys have heard me talk about Robin. She does my trailers, my intros. She helps me with some of my graphics and stuff like that, but she reached out to Robin for a banner and I think it turned out amazing. I love how this little thing is, the wine glass is pouring into the tea. It's just incredible. So if you need any artwork done, definitely check out Real Creative Studios. I will link her down in the description of the video. All right, excellent, amazing store here. Look at this octopus, so cool. She's got some really beautiful jewelry. I think a lot of these items came from her personal collection. So definitely go check it out. All right, what did she sell? Speaking of earrings, I think these are earrings, yes. And she said they have individual little springs on each petal. How fun is that, right? And that is what they look like. And you guys, these little stands right here, you can pick these up really cheap on eBay and they're a great way to display your items. These were a personal item and she ended up taking a best offer of $45 plus shipping on those. And the brand is Nettie Rosenstein. These are antique ice skates from the 1800s, professional skates and they are steel, Winslow 15 inch. And she got these at an antique store. She paid $10 for them, which is fantastic for an antique store, right? And she sold these for 100 plus shipping. The next item is this, oh, I always say this wrong, Majolica, Majolica, I don't know if I'm saying that right. Sorry guys, it's Starfish Coral Shells on a pedestal. And she got this for $13 at a thrift store and flipped it for 150 plus shipping. She said this thing was like 30 pounds. So it is definitely a big massive heavy piece there. I think 30 pounds after she boxed it up because it looks like 22.3 pounds. So after packaging and oh my goodness, could you imagine packaging that up? Oh, sometimes I think about the time it takes me to package things like that. And I'm like, is it worth my time? Cause it takes me a long time. Both the great and small, another eBay store here, and we'll go through some pictures. You can see here what they have, lots of variety of different things. And let's see what they sold. They sold this FFA jacket, Mason, Iowa, Corderoi Blue, Farmer Agricultural. And got this at a garage sale in a free box. So it was just sitting in the free box. You gotta love the free box.  Do it.  This super duper double looper. That was kind of fun to say. She got this at a garage sale for $2, took a best offer of 80. And this is the one I was talking about at the beginning of the video, where I said this is something that many of us just walk right past. It is SRA, Reading Developmental Laboratory, Level Two Comprehension Speed Skills School. So this is for homeschooling. And these items do sell. And a lot of times they sell for big money because homeschooling people need these. They need them. And this one looks to be an unused conditioned. I don't see any writing on anything. She got this at free from a friend and sold it for a best offer of $200 plus shipping. Flippin' Hot Fines. Awesome eBay store, check it out. Lots of variety there. And I will scroll a little further here. And again, these links are down below if you see anything that catches your interest. But I'm only showing you page one, so go check out some other pages. She sold this Blue Oyster Colt Some Enchanted Evening 1978 vinyl album. It's an LP. And this one came from a YouTube auction. She got it from Auctions For You in a $35 lot. She got 25 albums for $35. So Cost of Goods was approximately a $1.40. And she took a best offer of $40 plus shipping on this. This is Auctions For You, who she bought it from. So definitely check her out if you are looking for inventory. This right here is a Deadpool Marvel Dirty Wolf-Censored Space Bonanza 1997. It's a comic book. And she got this from Primetime Treasure Hunter, his What Not Channel. So if you guys are not on What Not, I do have a link below that it's a referral link. So if you click on it and you join, you'll get $10 credit to shop. And I am on What Not. I haven't had my first sale yet, but it's coming soon. I assure you, I've been saying that for a while, but it's coming. So follow me there, but definitely follow Primetime Treasure Hunter also. And she got, she paid about $6 on What Not for this and took a best offer of $50 plus shipping. And Primetime Treasure Hunter also has an amazing YouTube channel that you should definitely check out. He is incredible. Just a super guy with super reseller content. So check him out on What Not and YouTube. All right, this one is a vintage Carl Enns Rare Porcelain Bird Finch. And it says 1920s Germany. She got this from a YouTube auction from Donna Telebotellino's YouTube auction. It was $70. Oh, I'm sorry, hold on, let me see. She bought the lot, the entire lot for $45. This one she took a best offer of $70. She said, she has another bird for sale and she has already sold seven items for a $200 profit from that $45 box. So definitely check out Donna Telebotellino. Also great for resellers. All three of those channels that I just shared with you. Flippin' Hot Fines does a lot of shopping online, which is fantastic. You can shop from your home and these items are shipped to you and these resellers cater to YouTube channels, cater to resellers. So it's a great way to get stuff in the comfort of your home. Lombardi Limited right here is his store. He does a lot of ephemera and hats and items like that. So definitely check him out. He's got some really interesting postcards and pictures and he sold this paint by number. If you guys do not know, some paint by number can go for big money. He did take a best offer of $45 on this, but he got it at a flea market for 50 cents. He also sold this Nutra Blend Mesh Quarter Rate Patch Snapback Hat. It's K brand. K brand is an awesome brand to be on the lookout for. Let me see right here. This is what it looks like. If you see K products or K brand, definitely look up that hat. This one he ended up taking a best offer of 30. He bought it from a huge collection. So he's got about a quarter in this. Electric garage sale does a state buyouts and cleanouts. So sometimes he gets the items free if he cleans out the sale. So really his cost of goods is labor on most of his items. So I'm gonna give you some examples here. He has this 1868 Bible. Again, I told you guys antique old vintage bibles can do very well. This Bible he ended up taking a best offer of $40 plus shipping. This is a vintage 1954, 55 Montgomery Ward catalog. And Yard Sales and Dreams has also sold these catalogs for good money. This one right here sold for $39 best offer plus shipping. This is a pin, a button pin, and it's a Slovakian. So I'm not really sure. Ja som, som pro ek? I don't know if I'm saying that right. But anyway, cool button there sold it for $34 plus shipping. And these right here are postage stamps, but they are a little bit different and definitely a cool item. Things that I would pass by, he sold these for $29 plus shipping. These were all estate clean out items. So cost of goods was just his labor. The collectibles CAF A, they are pounding items into the store. Lots of them are new toys. So if you're looking for Christmas presents, go and check them out. And I wanna share with you some of the items that they have been selling from their personal collection. This is a Catwoman DC Comics Bomb Shells Statue. It's a limited edition. And they bought this a while back. Again, it was part of their collection. They paid $99.99 for it and it sold for $349.99 plus shipping. The next item also from their personal collection. So to find these items in this good of condition, it's probably not gonna happen, but you may find this item pre-owned and you just never know, you might run into a collector and buy out all of their stocks. So this is something definitely to be on the lookout for. This one's Poison Ivy. This one cost them originally $129.99 and they sold it for $339.99, I'm sorry, $339.95 with free shipping. And the next item is this big trouble in Little China the game, everything Epic Kurt Russell and it is new and sealed. This one came from Think Geek. Back when they were going out of business, it was a clearance sale and they paid $49.99 for it and sold it for $227.95 plus shipping. All right, you guys, those were your Bolo's. Let me know which one was your favorite. Leave me an emoji of an owl or just say, or hoot.  Thank you guys for being here. I really appreciate you. If you want to be featured in a video like this, you can join memberships, no pressure. I love it that you guys are here and watching, but some people enjoy having their Bolo's shouted out in a video. So you can join memberships, level two gets you in the video. If you don't see the join button, there's a link down in the description. If you go to my link tree, that's gonna take you to everything. All of my social media like Twitter, Instagram, everywhere I'm at, the items that I use for my business, it's all there under one link. So that should be right there at the top. All right, you guys, thank you so much for being here and go check out those YouTube channels and eBay stores down below. And thanks for watching.


Hi everyone, welcome back to my channel. It is Drew here from Lone Fox and today I have a really great video for you But before that you guys are probably asking Drew, where are you filming right now? I am currently on a cruise ship. There is just a slight little hurricane outside right now I think I was gonna film this on the balcony and just share with you guys beautiful ocean and like the cruise ship and such But it's literally raining and so windy, so I'll share a clip of that with you guys if you want to see that See a little rainy, um, a little windy Oh, there's rain on the lens already Oh I swear this isn't how the ship normally is this is the last day and we're just like going through like a little bit of a Wet zone, I guess you could say and we're just gonna flip that because today I'm doing some summer DIY projects for you guys and these projects have a little bit more color than my typical DIY projects do I wanted to have a couple of projects in this video that had a little bit more You know saturation a little bit more summer a little bit more fun and some of you guys might There's a slight chance have seen some of these projects on my old channel If you guys do not know every now or then not very often at all I take videos for my old channel and I actually sort of reworked them redo them new voiceover new music new Everything editing and I redo them and I put them on this channel But this video was one that didn't get a lot of views on my old channel And I took it down almost over three years ago So this video is probably new to a lot of you guys But if you have seen some of these projects before I do like to repurpose some of my older content Just because it was on a separate channel and the content is still really really great and really amazing But there is one new project in this video as well And I've done two videos like this before and a lot of you guys really enjoyed the fact that I was repurposing content And so many of you guys have never seen the content before all the DIY content has been taken off of my main channel for about the past two years So a lot of the content is actually gonna be really fresh and fun for you guys to watch and today We're doing some summer DIY projects And if you've not already done this before but you are subscribed make sure to also click the bell next to the Subscribe button because it's gonna notify you every time I upload brand new videos and you guys are gonna want to Be notified for my next video because it is going to be the subscriber give way So make sure to click that Bell icon to get notified when I post brand new videos And you can also follow me on Instagram at Lone Fox home And you can also follow my personal Instagram account where I post more pictures of me I'm Drew Scott, which I don't know why you're not gonna want to see so make sure to follow me on both But it's time to jump on into the project Jumping into the first project I'm gonna be using a circular mirror and then some silver plastic spoons from the dollar store So I'm flipping the mirror over and I'm gonna be breaking the spoon portion off of the handle of these spoons So you're gonna have two different pieces the handle and then the spoon top portion And we're gonna be using both of these to create the mirror and kind of give it a very cool starburst effect So I'm starting off with a handle portion And I'm gonna be gluing that to the bottom side of the mirror And I'm also gonna use a magazine just to sort of align it to have the top portion But you can use a ruler as well if you want to and I also added a handle portion to the left and the right Side that way I can evenly space them around and I think I added about four more mirror like sort of little spokes in Between each section so I glued those down once they were all completely glued down You have this really nice starburst effect which can be seen right here This is kind of what it looked like in the end and then I also went in and use those spoon portions Which are just like the actual spoon part of the spoon I guess you could say and I glued those in between each handle piece and that just finishes it off It gives it like that nice starburst effect and you can glue these front side or back side depending on look You're going for and just glue on a piece of string on the back to hang it up For this next project I'm actually going to be using air drag clay which could be found at Michael's or the kids section like the kids crafting section And I love this clay because of course it dries in the air So what I'm starting off by doing is getting a big chunk of it And I'm just going to need it into sort of like a pole knob and as many of you know Anthropology sells their pole knobs for anywhere from like eight to thirty dollars I'm depending on what the knob is made of and how it's constructed and blah blah blah, but they are very expensive So I wanted to show you how you can create your own Super affordable you can probably create maybe I would say 20 knobs for like eight dollars So I created a circular shape put a screw in there I'm just to secure it in there and I also created a diamond shape Which those are going to be two different pole knobs and then I'm also just going to create a photo holder since I have the clay I might as well just create something else as well So I'm creating this into almost like a thicker hamburger patty shape. I don't even know what you can call this It's just like a very thick sort of cylindrical blob And then I'm using a popsicle stick to create a sliver down the center Which is actually going to be where your photo is going to be hold So that is going to be that in both of these pieces just have to dry overnight and then once they are completely dry I went in with the coating of this gold foil paint on one of the knobs So this is going to create a nice brass knob Which looks so great on any sort of mid-century or wood tone furniture And then I painted the other one a pink color and I used some white paint to almost create a more tribal pattern I thought this one was very anthropology inspired and it has a lot of detail to it Which I really like it kind of looks like a ceramic piece and all you have to do is screw these into your piece of furniture And you're good to go Moving into project number three. We're actually gonna be doing more of a technique We're gonna be creating a sea glass which I think looks so pretty and you can find it But it's typically pretty expensive in stores So what I'm doing is using some Elmer's glue and just some basic food coloring to create a sea glass technique And I saw this on Pinterest and I wanted to put it to the test So that is exactly what I did here I mixed a little bit of Elmer's glue with some green and blue food coloring I'm gonna stir it up well with a popsicle stick And then what you're going to be doing with this mixture is you're going to be painting it onto any glass surface So I'm currently painting it onto this little sort of jar-esque vase and I'm giving it a good coating You're gonna want to make sure that it coats on there really nicely And honestly if there are a little bit of streaks Do not worry because they're gonna dry down and sort of flatten out as it dries in the drying process So that's exactly what I did I glued it all the way down and I'm doing another one as well I'm doing a little bit of a darker blue color and I wanted this one to be a bit more opaque So I actually added some more food coloring to it and I painted it on my glass jar as well Let it dry for about an hour and once it is completely dry it dries into this matte sea glass effect Now we're gonna be creating more bohemian style coaster And I think this coaster is probably my favorite one I've DIY'd before So I'm using this sort of cotton cording that you could find in the quilting section at the craft store I don't exactly know what it's used for but I thought it would be perfect for a coaster So I'm using a hot glue gun and I'm creating a spiral with it As you can see here in the size of your typical coaster and this is where the more intricate part comes in I actually strung some beads on there So these are a rose gold sort of coppery bead and I got a needle and thread and I actually laid this down in Between the corded section and you're gonna complete this process all the way around and once you are completely done with it It looks so expensive and very anthropology sort of bohemian inspired And last but not least we are gonna be creating a sort of 3d piece of wall art and this one's really fun I love the way that this one turned out So what I started off by doing was using these little wooden dowels that I found at Michaels They sort of already come pre-cut like this and I'm actually gonna be gluing them into little pyramids on top of a piece of parchment paper And I suggest doing this on parchment paper because it's easier to build on top of it because the glue actually peels off really easily in the End so you're just gonna create a simple pyramid structure I feel like it's pretty self-explanatory or you can watch exactly what I am doing here You start to hold it into place as the glue dries and a little tip for you guys If you have some extra glue on the edges is to use the tip of your hot glue gun sort of to melt it down and reshape those edges As you could see here Just to make it very clean and nice And then what I did was I actually painted half of them with kind of a salmony pink shade of paint And I also went in with some painters tape because I wanted to create a diagonal on my canvas So I used a large size canvas from the craft store And I painted one portion of that diagonal with that same exact salmon color paint that I painted the pyramids with Peeled it off to reveal a nice clean diagonal line And then I glued down the pink pyramids on the pink side sort of to create a Monochromatic but 3d effect on that side and then I also on the opposite side used just the wood I kind of wanted a little bit of contrast between the white But you could paint it white as well once you're done Just paint over any glue spots and you are good to hang it on the wall And you guys made it through all of the projects so those were my fun little summer DIY projects for you guys I hope you enjoyed them And I hope that you can kind of recreate them or rework them to match your own personal space Whether it be to just change up the textures change up the colors spray paint things color them paint them Whatever you want to do to match your own personal space use your imagination and put these projects to work in your own space But I think that the concepts and some of the projects in this video Especially like the glue trick and like the mirror so fun like those are super affordable projects that you can really alter things with So I really love the way that those turn out and do not forget you guys subscribe to my channel We are I think at 200,000 subscribers not sure yet. We might be if we are you know, leave a comment below Let's just see if we get to it And if we're not then subscribe because we need to get there quick. I'm just kidding We're gonna get there quick enough But definitely subscribe and make sure to click the little bell right next to the subscribe button And that will notify you when I post new videos because you're gonna want to be notified when I upload my next video So you guys can enter the 200,000 subscriber giveaway because it is going to be a really good one But I'm not gonna keep you for much longer So make sure to subscribe follow me on Instagram alone Fox home all my Instagram and um Social media is going to be linked below for you guys to take a look at and I will catch you guys in the next video Have an amazing day and And start decorating for summer because it's coming super soon Which I'm so excited about and I'll catch you in the next one. Bye guys


Hey everybody, welcome to the video on the Wix and why it may be flawed. Now the Wix index is very popular and obviously it's reached it's achieved rather cult status and but I don't know if most people realize its flaws by design and also by its implementation and You know, and so even the results actually So let's go ahead and take a look at all of these issues in this video My name is Hari Swaminathan and I've been trading options for about 10 years now I've been self-taught in the sense that I'm not coming from Wall Street background or anything like that. I also found it optiontiger.com in 2012 about five years old now on my website You'll see the complete roadmap from a beginner to very advanced levels on options. I Also quickly want to show you my Udemy channel Udemy.com is the leader in online courseware and Here I have about 26,000 students 24 courses and about 2,500 reviews and most of it is all four star and five star and these are all the courses that I have over here Including the course on the Wix which is what I was going to give everybody for free, right? That's right there So let's talk about the Wix index itself So the Wix was originally designed after the Black Monday 1987 October When the Dow Jones crashed 22% in one day so ever since then they were looking for some kind of a reliable volatility indicator and they decided on something called the Wix and its official role was the volatility index and that's where it gets its vix name and over time they also Started calling it the fear index all options would need an underlying asset and therefore the closest one they could find Was the slash Vx, which is the futures now Just giving you a brief of the of the overall analysis First of all in its role as the volatility index, which is its primary and official role It comes out zero and I'll show you why I think it's zero Then in the role of the fear index does a pretty bad job But I'll give it 50% on that on that front and then there are various other Factors as well smaller, but ultimately does result in some bad information coming from the Wix and you know ultimately that that does Impact especially retail traders and investors because that's the only one they look at is the Wix index for any kind of fear But let's go look at all these details as we go along So from its design itself, you know The design was to make it a volatility index because they felt that they needed a new Market barometer for something called volatility after the October 87 clash then over time it developed its nickname as well the fear index and Now these are the important things to understand the Vix itself is not tradable like the spx The spx is also not tradable But its options and futures are and that's why they went with the underlying for the Vix as the Slash Vx, which is the futures now the way the futures are structured is they only give you like three-month contracts in the in the future So, you know right now, maybe they will have one for February March and April so and then the The Vix itself is calculated based on the somewhat around the second month so in the in the mid period of this three-month you know risk horizon and So the Vix basically looks at on an on average about 1.5 months into the future So that's its first shortcoming. I think I mean if you're going to look at the Vix as a measure of underlying fear in the markets I think we can all agree that 1.5 months is not at all a good horizon at all in fact We have to go much much more than that and then in the design of the Vix itself Call options are completely ignored So apparently volatility depends only on the downside and not the upside I don't even know why they put it that way I guess, you know it that tells you that it was being designed more as a fear index than the then the volatility index because volatility has to You know be represented of both sides. I think you know, so the average true range for example is Indicator that's available that looks at both the upside and the downside and in this case the Vix just doesn't look at the upside at all So without calls, you know, how can we think of this as a volatility index? I fail to understand that Then the futures as I mentioned, you know, the futures also have its limitation being that it's only, you know three months ahead and The the futures behave very differently from the Vix so it's not actually correlated so this is the Recapping of the volatility, you know, it does not consider call options. The Vix value is based on spx puts demand only Which I should add calls increased you to the math imbalance. Okay, so there's something called a put call parity relationship and that and all options have to Sort of, you know comply with that with that rule because it's all mathematical at the end of the day So because of the put call parity relationship the call options will increase in value When the stock is actually going down On a relative basis that is so, you know, that's again another sort of, you know indicator that Something's not right with this thing. This gives rise to arbitrage opportunities but these will be immediately closed down because any Any sort of group that's trying to take advantage of that will be will be closed down by the others It'll be open for a few seconds Maybe and a few people might take advantage but mostly it'll get closed right away now Let's look at it as a fear index It does a pretty bad job. I would say it's 50% at best. That's because of the risk horizon I mean, it's only about 1.5 months and so what happens after you know, one and a half months. We don't know So it installs fear for all the wrong reasons and yes It does calculate a little bit of fear index at least for the short term. So I'm giving it a 50% credit or that So now It so happens that the Vix index is pretty much the only indicator available to retail investors and traders when they're using options and You know at times it'll play a role that harms investors because of all these Inconsistencies with its design its structure and its implementation They tend to give you wrong wrong results and unfortunately the retail folks have nothing to go by except for the Vix index and Now we'll also look at the Vix of the Vix. So I'm talking about the volatility of the volatility index itself So and you'll see that that is a pretty much unbelievable and we'll also look at the flash crash day Which is in May 2010 and where within 20 minutes the SPX crashed hundred points got it all back within the next hour and Became a pretty costly learning curve for many for many reasons not just the Vix and let's be clear The Vix did not cause this one, but it's the way it behaved that day Could have resulted in at least the retail traders who are looking at the Vix at that time To to have to face some losses there So now let's go over to the thinkorswim platform And I just want to show you a little bit of all these things and so, you know, hopefully that will that will Introduce many elements in in your mind that you know, yes, the Vix is not designed fundamentally It's not designed, you know for volatility and it's more of it is designed for fear rather than volatility So anyway, let's take a look at these examples on the thinkorswim platform In some of the smaller effects smaller but pretty serious is also you can see it in the flash crash and That happened in May of 2010, I believe to be clear the Vix did not cause this flash crash But with its behavior that day It did mislead some investors based because you know, the whole thing was that it went up and down so quickly Like this is the actual Chart of the S&P going down. So, you know up till here it was like a normal breakdown So the market was a down day that day and somewhere around here it started collapsing in fact And then it goes all the way here and then it comes back and at the close pretty much, you know, equal where the collapse started And so this is really a very interesting Thing that happened and even the CBOE says it climbed over 40 which is a level not seen in more than a year So the you know, this kind of vicious turns Tend to give the wrong answer because it first of all blows the Vix above Normal on the upside and as well as as the downside So it's basically overreacting on both ends and it caused a lot of grief that day in terms of The investors getting burned, of course, you know, you cannot like I said, you cannot pinpoint the the flash crash itself to The Vix but in its effects. Yes, pretty much it it did that so then what happened was, you know, I wrote this post and Actually, this became the number one post in on google that time and I checked it now. It's still the number one on this area, which is, you know, stop loss and flash crash so this one Was read by many lawyers as well and they started calling me and about if I knew any customers who had Been burned by this, you know, I didn't have anyone personally But I knew that there were plenty of them out there And so I included their names and things like that and I believe they've got like 300 cases going these people itself So anyway, so these kind of small things the the Vix can have an impact and it did on that particular day And then this article came on CNBC just last week, you know, second feb 2017 The headline was Wall Street's fear index hits its lowest level in a decade and it's unclear why So this is a pretty, you know, funny statement. There's a lot of irony to it. And, you know, so this is the article that came out That something strange happened to the fear index. It fell and broke below 10 Now, this is the first time it's broken below 10 since 2007 And then, of course, all the blame game starts that, you know, blame it to an algorithmic Glitch or some other anomaly, but, you know, it's difficult to pinpoint the exact cause So this is the point, you know, it can behave unpredictably at certain times So now what I want to do is just quickly show you on the thinkorswim platform What exactly we are talking about when when we're saying it's not, you know, it's not correlated and things like that So if you look at this chart, here we are showing the slash VX futures and here we have the VIX index and both these charts are for the last 10 days at 30 minutes each bar Same thing here as well. And you can notice this is, of course, the day that they're talking about even on the CNBC article where it really went down, you know, below 10 for no reason But that same day in the, you know, on the slash VX, you'll see there's no movement at all I mean, it's just very, very natural. That's the left side of the graph. If you see, it's the same day And there's really nothing there at all This causes misleading information, especially when it's a sudden event like that And then, of course, you'll see, even in the rest of the graph, there is Not real consistency. I mean, if you see here, now the VIX is going down here. It's actually, you know, on the VX It's actually going up And so what kind of an underlying and what kind of an option relationship is this It's certainly one that cannot be trusted because the future is working a different way So, for example, if there is an event tomorrow That is expected to cause some volatility, like let's say the election results or something like that Then the VIX futures will actually not show May not show any sort of increase in the value for the slash VX because We know that the futures expire at the end of the month And so tomorrow being not the end of the month, it only considers what will the futures rate be at the end of the month And therefore it completely skips any events that happens tomorrow So there's a lot of flaws like that in the index itself Now this is also even in the last day here that is on Friday, this past Friday If you look at the price action, so here the VIX futures seems to have Dropped a lot and if you look at the On the last day of the VIX, it's increased Correspondingly, but just the other side. So it's you know, it's actually correlating inversely So these are all the small problems with the VIX and the slash VX in that relationship itself So, you know, that's at a design level, you know, you design it based upon a certain underlying And if that relationship itself is not Found to be valid, then we have a problem here Now I just want to show you the Volatility of the VIX itself. So basically what we'll do is Okay, so here we have the VIX itself for the last 10 days, whatever Now if you go to see the option chain, so the option chain will be under analyze And we go to add simulated trades. So what you're seeing here is the VIX option chain. Okay, so it's the VIX option chain Now if you've seen this platform before then it may You you may clearly understand it. If not, let me just briefly tell you This is the date of expiry. It's going to expire in in a couple of days from now And this one's going to expire nine days from now and so on and so forth So this is the option chain going far out into time Now the other thing noticeable is this is the value of the volatility of this of this particular series So that's 128 and the one expiring in nine days is 100% and you can see generally it's like 100 plus 100 Or you know, 190s 80s, you know, that's where the general volatility is. So what does this tell you? This is telling you that in this In the next two days, it is expected to move Almost 128 percent of the value. I mean that is just crazy So this is what you call volatility of the volatility index, right? That's that's what we're looking at. We're looking at the volatility of the volatility index itself And that's 128 percent I mean that is just absolutely crazy So which by itself tells you there's something wrong with the volatility index because the volatility of the volatility index Should be a lot less. I mean certainly not over 100 percent And so, you know, that's another clue that there's something I'm not trying to say that there's anything intentional happening I'm just saying it's you know, the the factors that have gone into the VIX are just not right And therefore they're going to produce the wrong numbers and therefore the people that are looking at it for Trading or investing triggers. They're going to be doing the wrong thing But I think with this basic video, I hope you go away the understanding that the VIX has a number of issues with it Really, this VIX cannot be trusted. It's not giving us the right information. It doesn't look past one and a half months Its co-relationship with the with its underlying, which is the slash VX futures Doesn't always work. In fact, sometimes it works inversely And there's lots of other issues as well as mentioned in this video Anyway, I'll conclude here now and we'll get back to the little bit on part three that's coming up in a few days