QuickBooks Online 2024. Purchase and finance equipment. Get ready and some coffee because we're going on air with QuickBooks Online 2024. First a word from our sponsor. Yeah, actually we're sponsoring ourselves on this one because apparently the merchandisers they don't want to be seen with us but but that's okay whatever because our merchandise is is better than their stupid stuff anyways like our crunching numbers is my cardio product line now i'm not saying that subscribing to this channel crunching numbers with us will make you thin fit and healthy or anything however it does seem like it worked for her just saying so yeah subscribe hit the bell thing and buy some merchandise so you can make the world a better place by sharing your accounting instruction exercise routine if you would like a commercial free experience consider subscribing to our website at accountinginstruction.com or accountinginstruction.thinkific.com Here we are in our jikray guitars 2024 quickbooks online sample company file we set up in a prior presentation opening up the major financial statement reports like we do every time the reports they're on the left we're in the favorites we're going to be right clicking on that balance sheet to open a link in a new tab right clicking the profit and loss to open a link in a new tab doing the same with the trustee tb trial balance let's go to the tab to the right close up the hamburger change that range for the first couple months of 2024 oh one oh one two four tab oh two 2824 i want to see a month by month side by side so we'll drop it down months and run it then let's tab to the right repeat the process hand boogie needs to be closed oh one oh one two four tab oh two 2824 tab let's select the months so we can then run to refresh and one more time tabbing to the right hand boogie closed changing the range in oh one oh one two four tab oh two 2824 tab months on the drop down and then we will refresh the report let's go to the balance sheet to discuss the new process happening this time we have decided to purchase more equipment at this point in time so you will recall that equipment is something that we purchased at the beginning of the process when we started up the new business so when we start a new business typically what we will need is cash we have to have cash in order to purchase the furniture equipment building property planting equipment and the inventory now before we start the business of course how are we going to get that cash well we're going to get that cash from either a third party the bank we took out a loan in order to get the cash right here or we can finance it ourselves putting our own money into the business so we can pay for those startup costs and then to start our shop of selling guitars we took that money and we purchased the fixed assets of the the furniture and whatnot in the store and whatever and then we also had to purchase the actual inventory so that we can sell the inventory but again the neighborhood has gone down downhill and people put gum on the bottom of our couches and like and then you know they put like they I guess tagged on it whatever that is like they put these I can't even read it I don't even know what it's supposed to say but apparently it's important information that had to be put on our couch so so we're going to buy so what we've decided to buy new equipment now to refresh this to refresh our stuff so but you will recall that that usually only happens when we buy property planting equipment at the startup of the business or possibly when we're when we're upgrading the business we're not typically needing to buy a lot of fixed assets large purchases all the time so unlike with supplies unlike with our normal expenses we don't expect this to be a cyclical kind of thing that happens all the time but rather something that happens periodically and so and also note that the second time around we might then have the money already because now we can accumulate money from sales because we already had the furniture and equipment from the startup costs in order to generate sales and hopefully we can build up some money to expand to grow the shop that would be the idea now when we first purchased the equipment we first took out the loan got the money and then used the money to pay for the equipment meaning we paid for the equipment basically with cash however we can imagine a situation where we're going to say hey look i'm not going to take out the money first but rather finance the equipment possibly from the same people that i'm i'm getting the equipment from so in other words i'm going to finance the equipment that i'm purchasing at the point in time that i'm purchasing it so there's no actual cash involved in this transaction we're getting equipment and we're taking out a loan what's going to happen then the equipment account is going to go up and the other side is going to go to a loan payable type of account okay so a couple things just with the furniture and equipment themselves uh if we go into the furniture and equipment we can see there's not a whole lot of transactions happening nothing happened for the current month of furniture and equipment and in the prior month we would have that couple transactions when we started the business in the furniture and equipment so that's important to note because we're going to need a sub ledger for the furniture and equipment noting that we don't actually just expense the equipment when we purchase it we're going to put it on the books as an asset and you're kind of required to do that this is an accrual thing to do it's not a cash-based thing to do but if you're in the united states you can't get around it you can't just basically say i'm just going to be in a cash-based system for the most part because at least for taxes even if you're a small business you're going to have to follow the tax code which will force you to put it on the books as an asset although it might allow you to use 179 or special depreciation to deduct it anyways but the general idea is you have to put it on the books as an asset you can see the reason for that most clearly with very large purchases such as those for buildings if you purchase a building and you simply expense it in the month that you purchased it you're going to have a huge loss because you didn't really purchase the building to use it in that month but rather you purchased it to use it for years into the future so you can see how it will distort the comparison of the income statement that's the point of the accrual process it's better for a comparison period to period based on performance not cash flow and then we have another statement statement of cash flows to help us to see the cash flow information as well as the accrual information although the accrual information the accrual process as you can see is more cumbersome it's more difficult because now i have to put it on the books as an asset and then depreciate it so if i put it on the books as an asset then i also need to notice if you put it on it's kind of like inventory in that if we're going to actually invest in the equipment we also want to keep track of it now it's less likely that someone's going to walk out the door with our couch as they will with a guitar or something like that like the inventory although they might defile the couch in some way shape or form you know apparently but but it's unlikely that they're just going to steal the couch less likely however we want to be able to track the couch for the for the same reason we want to have a sub ledger for the assets that are on the books but that sub ledger which will list out our equipment is not often done in quick books in the united states because we already have to do us a sub ledger in the tax software so oftentimes you'll have the tax software that's going to help you out with the sub ledger which might look something like this listing out for furniture and equipment the actual things that have been that you have under furniture and equipment and then the tax software can help us also to do the depreciation adjustment meaning the expensing of the cost of equipment over the useful life of the business which we'll talk more about in a future course or section when we get to the adjusting entry process when we're purchasing the equipment however what we really want to understand is I need to get the detail of the information of what we're purchasing if there's a if there's a product number for it if I bought multiple things I want to list out those multiple things separately on the on the depreciation schedule which means I have to provide my accountant with a list of exactly what we purchased so that when I sell it I will be able to identify the thing that we sold if I say hey look this this couch uh is is desecrated and I I've got two two but I don't know who who above a homo has is that oh I can't read this thing but apparently that's a person that needed to put their some kind of name on my couch and so I need to throw it away now so I'm going to throw my count but if I have multiple couches and I can't identify which one it is that's going to be difficult because I have to reduce not only the couch but also the depreciation related to it when I dispose of or sell a piece of property so that's going to be important to put it on the books but right now we want to be thinking about another issue which is that if there's no cash affected what form am I going to use in order to put this on the books remembering that if I hit the drop down usually the journal entry is the last thing that we use because QuickBooks has broken out the forms by cycle so that the forms give us a nice audit trail and make it easy for the bookkeeper as well as an auditor to track what has actually happened so any normal transaction any cyclical transaction those that happen repeatedly will typically have a form related to it but purchasing equipment is not something that happens all the time so you might think it would be in the vendor section however if cash is not affected where it is not in this case we're not it's not going to come through the bank feeds or anything then we're not going to have any cash affected so what form are we going to use due to the fact that there isn't one remember that the list of process we go through one is there a form related to it if not then is cash affected if cash is affected I'll use an expense or check form possibly and if not then I default to a journal entry so this is where we basically have to do a journal entry however we can still use the register so we can use a journal entry in the register so that that might make it a little bit easier so we're going to say that we finance this thing let's go to the first tab and go down to the the transactions and I'm going to close up the handbooky go into the chart of accounts and we're going to say that we're going to finance this thing and I'm just going to imagine the loans coming from Bank of America so I want to make up another loan account now the loans are another kind of issue you you'll recall here that we had the loans payable that was the current portion of the loans payable but now we have multiple loans so if I go into the balance sheet over here do I I could just keep this one loan payable account where is it where did it go there it is I could just keep this one account and put multiple loans within it but that's going to be a little bit more difficult from for internal bookkeeping purposes what I would like to do is break out the loans into into a parent account possibly and then multiple subsidiary accounts so I can track the loan balance each one at a time this being quite common if you deal with types of businesses that have a lot of fixed assets such as construction companies farms and things like that because they're often financing different pieces of equipment the equipment then acting as collateral support of the loan balance for the bank to allow them to process the loan for them so let's go over here and say that we're going to we're going to say we have a new one and it's going to be a loan so I'm going to say it's a liability I'm going to put it into current liability so I'm going to say it's a current liability let's scroll on down to do I'll say other current yeah other current liability and line of credit loan payable let's say and then I'm just going to call it be of a loan and then I'm going to imagine that I put the last four digits of the loan number because that will help me internally to know which loan it is because I might have multiple loans that are coming from the same institution if we trust the institution we will probably do repeat business with that institution and therefore the institution in and of itself might not be enough of an indication of identifying each of the loans so that's going to be our loan payable so let's save that okay now let's see if we can figure a way to make it a subsidiary type of account so I've got my loan I've got my bank of of America account here and then I also have this is the other current liability and then I've got my general loan payable account which is down here and that's that's the loan payable current portion so what I'd like to do is basically make a parent account which is just going to be generally loan payable current portion and then put these two within it so what I'm going to do is change this name to make it less generic I'm going to select the drop down I'm going to edit this one and I'm going to imagine this one came from chase so instead of just calling it loan payable I'm going to call it chase let's say chase chase loan and then we'll put the loan number we're imagining again of whatever the last four digits of the loan number so now I've identified the two individual loans by institution and by the last digits of the loan number now I'm going to make a parent account to house those two under as subsidiary accounts so now I'm going to make a new account and this is going to be a liability this is going to be another current liability it's going to be once again a loan payable I'll call it loan payable current portion which might be redundant you might not need current portion because it's in the current portion of the loan payable but you might make another loan payable long-term portion which means you'll have two names that are the same and that'll cause you kind of a problem quick books won't let you possibly record it maybe so in any case we'll keep it at that and we'll save it so now we have that in there and now I need to go back in the two that we made and make them supported it or some subsidiary to my new parent account so this loan payable for the b of a selected the drop down editing it and I'm going to say did it in the loan payable that's correct but then down here I want to make it I want to make it what's actually here I'm looking for I'm looking for the loan payable current portion there it is so now I can see down here it gives you a little display of it now it's going to be subordinate subsidiary to the loan payable current portion I'm going to do the same for my other chase loan let's do that and then I'm going to say all right there's the loan payable boom and then the chase loan don't day for crying out loud a star the chase loan there it is and then we're going to hit the drop down edit that one and I'm going to say that this one is going to be subordinate also that's not the right one here to this one so loan payable current portion boom okay so now we have a parent that will not have anything in it and then the two accounts below it will have a drop down let's see what that looks like now on the balance sheet it's only going to have one of the two because we don't have the two balances in there but if I scroll down there it is nothing's in the parent loan payable current portion and then we have the one loan that's currently on the books now we're going to record the second loan on the books we can use a register format to do that instead of a journal entry so we're used to the registers most likely in the checking account but we have a register format for every balance sheet account except for the retained earnings or the owner's equity in our case so we could use either one because both of them are balance sheet accounts either the equipment account or the loan payable account let's go to our loan payable account because we just set that one up let's go into it if I say okay there I said okay okay I said it okay I said I'd say okay if I say okay we're going to go into the view register here now this is the loan payable the loan payable should be going up with a credit so it's a little tricky because it's going up with a credit but we're going to say that we purchased this on on 022824 and let's say we purchased it from we'll just imagine it was Bank of America even though they're the ones that financed it bank what did I call it B of a I think bank let's just say and we're going to say okay that's going to be a vendor and I'm going to say save in this case even though it's really the financial institution but I'm going to and then in the memo you might want to put exactly what you purchased so equipment equipment and you might want to put a lot more detail of the you know equipment that was purchased because this is where you're going to you're going to want the transaction to show so that when you go to your tax return prepare or they don't put it on there as just generic equipment was purchased because that will make it difficult when you sell the equipment so 5000 increase on the loan and then the other side is going to go into the equipment account so I'm looking over here for fixed asset types so to do we have expenses they kind of put it in a funny order they're trying to help you out but it's actually a little confusing to me I kind of wish they would just put it in normal order but whatever it's in the furniture and equipment so there it goes what's that what's this going to do it's going to increase the loan hopefully in a credit direction and then the other side is going to go to equipment which should increase equipment so it should in other words debit equipment and credit the loan let's see if that's what it does if it goes the right way I can then go back into it edit it and we can see the loan got credited and the furniture and equipment got debited and it did use a journal entry even though I entered it into a register format I'm going to copy the description to both sides save and close it so that looks good let's go into our balance sheet and check it out so I can run the report again and then I can go into my furniture and equipment boom is now at 103 can't you see oh my goodness okay we're going to go into there it is it's a journal entry form and so there we have our journal entry form now notice you can't as easily tag something to this form like if you needed to show a receipt or something like that so so again you want to be make sure that you have the added detail the receipts that you can provide possibly you know storing it or saving it as a pdf or something so that when you provide this information to the client or to your tax preparer you give them this transaction entry so they know the amount that was purchased but they also have all the detail that they need to break that out into whatever format is necessary to properly put it on the depreciation schedule properly calculating depreciation in this period but also allowing you to be able to handle the accounting when you sell or dispose of the equipment because you can identify which equipment is being sold both the physical equipment as well as on the the ledger the sub ledger okay so let's go back on over then the other side is going to go into this new loan payable account so now we got the loan payable dropping it down and so see how nice that is now because now I can I can show this externally to one account that just has both of them in it because that's all most external users users need but internally I can drop it down and I can see the loan balances for each of these so when I make the payments I can still tie it out and make sure that this ties out to the amortization tables note however that we also might have to break out a short term and long term portion of the loan however I wouldn't do that every transaction because that'll be too tedious because that will change every time instead having a long term portion of the loan in a similar fashion loan payable long term portion and then the two loans within it breaking out the current and long term portion with adjusting entries at the end of the month or year as is required and possibly having the help of the of the CPA firm or accountant to do that noting that if you're small business and you're just doing a schedule C you might not need to break out the short term and long term portion for external purposes although it might be useful for internal purposes for your own decision making because it's not affecting the income statement which is the main statement used for tax preparation for a schedule C sole proprietor type of business so in any case we'll talk more about that when we get to the adjusting entries in a future course or section all right so let's see this is where we stand we're going to keep it there for now this is the balance sheet and looks movie B to the end I got two letters for B and movie B and okay and then we go to the income statement nothing happened to the income statement because we put it on the books as an asset and remember just note we it's not because you might think it'd be logical to think well it didn't affect the income statement because we didn't pay for it yet we took out a loan but that's not right that's not the reason it's not on the income statement it's not on the income statement because we had to put it on the books as an asset even if we paid cash as we did in the first month of operation when we bought the original equipment our original sofa right we still didn't expense it at the point of purchase but rather put it on the books as an asset even though we paid cash because we have to do that for for long term assets we will expense it however in the future in the form of depreciation which we will see in a future course or section as we get into the adjusting entries okay let's go to the trial balance let's run that again this is where we stand at this point in time if your numbers match out to these numbers and you're following along that's great if not try changing the date see if it's a date range issue the first section is of course the asset section what the company has reported in dollar amounts not in units not in number of count couches that we have but in dollars so we've got the assets the checking account accounts receivable inventory investment payments to deposit prepaid insurance accumulated depreciation contra asset account which is tied to or linked with the furniture and equipment which will have to adjust at the end of the period in this case and then we have that's what the company has the flip side of the coin who has claimed to it the liability and equity that's who has claimed to it liabilities first accounts payable visa the bank the government the state with the sales tax the loan payable the bank the bank we have two loans that are out at this point in time we've got the government again with payroll liabilities that we owe to them unearned revenue if we had sales or that we earned we got cash but we haven't yet done the work yet and then we have our claim to the assets in the equity section including owners investments similar to common stock if it was a corporation and owner's equity similar to retained earnings if it was a corporation and then the income statement income being credits expenses being debits credits minus debits should result in a credit balance if we have income rather than a loss the whole income statement will roll into close out on or into the owner's equity otherwise known as retained earnings if it were a corporation QuickBooks does that on a yearly basis so we can then see how that is done by going one year up oh 101 to 5 to 0101 to 5 and run it to refresh it and you can see that it squished the income statement into one number the income statement kind of like an odometer but one that you reset every year so that on the new trip all the accounts in it count upwards starting from zero the owner's equity representing the odometer over the life of the company all the income that has been generated through the life of the company which has not yet been distributed out to the owners in the form of draws if it was a corporation i'm sorry if it's an individual sole proprietor and dividends if it was a corporation the equity remembering being the bottom line of the financial statements if you think of the financial statements in the form of the accounting equation of assets minus liabilities equals equity


Lately, it feels like we're fighting more than we get along. No, don't get me wrong. I love my partner, but I don't know if I like them. At this point, I don't know if I should propose to my partner or break up with them all together. Oh, hi there, lovers and friends. In today's video, I want to introduce you to a psychological theory that can help to clarify a lot of the questions I said at the top and also a ton of questions that I see in my DMs all of the time. You want to know why it is that your intimate connections don't really feel quite complete. And this theory will hopefully bring a lot of clarity to you. So without further ado, it is called... This video is sponsored by Squarespace from websites and online stores to marketing tools and mailing list management. Squarespace is an all-in-one platform to build a powerful, beautiful online presence and run your business. If you're curious to see what it's about, you can actually try Squarespace for free.  Okay, without further ado, for real this time, we're going to talk about the triangle theory of love in this video. Now, you might have actually heard of this before us because it's a really popular psychological theory when it comes to intimacy. And for good reason, it's really easy to understand and it makes complex questions around intimacy easy to clarify. So you can figure out whether or not you're in a connection that is going somewhere, or if the two or more of you are better off going your separate ways. Now, the triangle theory of love states that in order to have a relationship that is solid, a romantic connection that has a shot of going for the long haul, you need three critical components. And those components are passion, companionship, and commitment. Sounds easy enough, right? And in today's video, I'm going to break down what these three various points look like and how individually they create unique relationship structures and how when combined together, they create other structures. Now, it's easy to think about this theory like a stool. So if you have a stool that has three legs, you got a solid piece of furniture that you can depend on. If you have a stool that has two legs, you have to be very cognizant of not moving too much in either direction or else you'll topple over. And if you have a stool with one leg, let's break down the three different parts right now. All right, so first we have passion. We all know what that is. Either you have it or you don't. It's that energy where you cannot get enough of somebody and the thought of them makes everything get excited. Then you've got commitment. Commitment is an essence. Yes, we have got our relationship structure that we're both agreeing to, perhaps that even comes in a title. But furthermore, I'm committed to your needs. I'm committed to what you need out of this relationship in return. I expect you to be committed to my needs as well. And then finally you've got companionship. And this is the friend element. I like being around you. I enjoy my time with you. We enjoy our time together. Now, individually, these three different pieces translate to these kinds of relationships. When I have companionship with somebody and nothing else, we have a homie relationship. We might go to the club together. Maybe we hang out once in a while. When you have commitment to somebody and nothing else, do you have an effective work relationship? I mean, sure. Maybe I don't like you. And maybe I don't lie awake and bed thinking about you. But I do care about what matters to you because I know when I meet your needs, you meet my needs. And when you've got passion and nothing else, you got to crush on somebody. Now, let's start to combine the various elements together and talk about how those create new relationship dynamics. We'll start off with passion because, I mean, it's exciting to talk about.  The two of you might enjoy each other's company and you definitely have the thirst for one another, but there's no commitment. There is no ties to each other in terms of relationship title or ties to each other's needs beyond what you need in the bedroom. If you are in the style of relationship, my advice to you is to keep it compartmentalized to leisure. This is a hobby relationship because until you have some real commitment from the other person, and again, not necessarily the commitment in terms of a title, but commitment to your needs beyond what's fun and what's easy for the other person. This does not deserve a sincere investment from you. And that's okay because hobbies have a place, but just keep it in its place. If you have passion for someone and you have commitment, but you don't have companionship, this is where things start to get tricky. And a lot of people who have been in unhealthy relationships might relate to this dynamic. In essence, the two of you have a strong drive towards each other, and you are committed to seeing this thing through. But if you really ask yourself the hard question, do I like this person, the answer is probably no. Years ago, I met this woman, and this was when I was still in my long distance relationship. And I'm like, you and your husband just seem to really get along because he came on set and it's really vibe. She was like, yeah, that's my person. And I was like, yeah, I think that that's cool. You know, I'm in a relationship and we have that in moments. And then she looked at me and she was like, yeah, you know, I also had an ex that was like that and I loved them. I really loved this person with all my heart. But if I really thought about it, I didn't like them.  Yeah. I really like you. If you're in this style of relationship, I'm going to give you the advice that you've probably already gotten from friends and family member who have watched the two of you spin your wheels in the dirt and just get deeper and deeper in the ick. Life is too short to love somebody who you just simply can't find the energy to like. Now, because you do have passion and you've got commitment, I understand this is easier said than done. And these two elements are the makings of an addictive cycle. So for the benefit of the doubt, please go to therapy because it is possible that the two of you actually do want the same things and the two of you could be aligned, but you're just on different frequencies. But more than likely, you're just not compatible and that's okay. It's okay. Lastly, you have companionship and you got commitment. But if you're completely honest, you ain't got to passion. You don't. You don't. I see this all the time in my DMs. People who are so frustrated because they found someone that they get along with, that they're family members like someone who supports their dreams. And furthermore, someone who's going to be there for them, thick and thin in the ways that they know that they need. And yet it's just not clicking. That's what's happening here. And I know that it can be really hard because a part of you might feel like, am I broken on the inside? I've found this person who is good to me and somebody who wants to be with me. And yet I can't return the feelings. Does that mean that I am destined to be with somebody who doesn't treat me well? And while that could possibly be a scenario, more than likely what's happening is that you met someone great and that's awesome. And the two of you get along and they have shown you the makings of what a long-term partner could be, but without that missing piece, it's just not your person. Might be your two or your three, but it's not your number one. And don't get me wrong. There are a lot of really great relationships that are fueled by companionship and commitment and nothing else. And if you don't believe me, talk to some grandparents or some great grandparents. Back in the day before love was a function of desire. It was a function of objectivity. What made the most sense and can we live with each other? And for a lot of people, the answer is yes. And that amounts to a pretty decent life. But you have to ask yourself, do I want a love life worth living for? Or am I in this thing for a love that I can live with? If you're in a style of relationship, my advice to you is to start dismantling the commitment element and really focus on the companionship. And what do true friends do? True companions don't keep people in situations that ultimately aren't best for them. And if you want to be a good friend to that person, even though you know what's going to hurt them, it's better to let them go. Because here's the thing. If somebody is on a three-legged stool and someone's on a two-legged stool, for sure, you definitely have a more stable structure. But the ultimate goal is for both of you to be on that three-legged stool. Honestly, I can do a full other video about what happens when one person has got the complete triangle for somebody and the other person just has a dot for them. But I feel like at this point, I've given you enough information and I want you to sit with this. Furthermore, I want you to talk about it. So in the comments section below, I want to hear from you. Reflect on your current romantic relationship. What do you have? A line, a dot, or a triangle? What does that person have for you? Now reflect on your last relationship, the one that didn't work out. And what was the configuration there? Let's discuss down below and I hope this video helped you. And if it did, can you do a little something for me? This video is sponsored by Squarespace and Squarespace is a tool that allows you to bring your next big idea to life. So if you have a business, if you've got a passion project, if you have a blog, if you have a store, if you've got a mailing list and you want to find a way to really connect with the people who support and love and are there for you, Squarespace can be an incredible tool to do that. And I want you to consider them. Thank you. That's all. If you're an OG to this channel, I know you've heard us talk about Squarespace plenty of times. That's because we legit use it all the time. We've used Squarespace to make shared entertainment's new website, Shan's website, my website, Shan's Game of Desires website. And I don't know if you heard this, but Shan has been doing amazing courses called Happy Main Character, where she focuses on helping people find their main character energy in life and in love. It sold out over a weekend, largely thanks to Squarespace, which helped her create a strategic email marketing campaign and made the customer sales plus services seamless. All in all, when I tell you we love Squarespace, trust me, we love Squarespace. They got slick, fresh templates, blogging tools, and amazing in-depth analytics. Squarespace is the way to go to start that second half of 2021 right with that business and passion project you've been waiting to start.


Hey guys welcome Let's look at the SNP and I'm gonna show my worksheet on the SNP. Yeah, I have a Present value Calculation on the SNP not just individual stocks. I also have one for real estate. It's amazing It's amazing. If you look at the market, you'll see these dips or Rises, you know the Frowny faces or the use of the market and Then you get these recoveries after and you're wondering why would any anybody sell in the dips or why would anybody Not shave off a little bit in the peaks Right. It's so easy in hindsight Well If you have a long-term view it might make it a little easier So this is what I do. I do and I've you know, I haven't always done this I used to just be a technical trader, but if you look at the The 10-year Assumptions of the market you can get earnings from analysts and punch them in You can discount them. You can grow them right now. Roughly the SNP has a 7% assumption roughly Let's see if I can zoom in so the growth rate for a decade is about 7% and If you look that means that in the future in 2033 if I grow out the earnings I Have here four different valuations. I have peg two peg one I have a 15 PE and I have a nasty 8.5 base PE and Given those four valuations in the future this EPS Valued at a multiple S&P could be almost 6,010 years or 3,000 or 6300 or 3,500 now how horrible would that be if the S&P in 10 years in a decade is Around 3,000 That would be bad because that's that's a low number that would be a lost decade, but that's very much a possibility When you consider the different valuations of the market, I don't know what scenario that would be but all I do is I plot these valuations and I just keep keep note of them if you look at the 2023 numbers it's saying for this growth rate of 7% two times the growth rate Would be around 3,000 But the S&P is Around 4,100 So what that tells you is people aren't buying the S&P for this year's Valuation they're not buying this the S&P because the earnings are so good this year. They're they're pricing in the future they're willing to hold the S&P and They're looking at the future growth and you can tell because if the S&P was a good deal this year It would be at these lower valuations For the current growth rate or an average a historical average of 15 PE it would be closer to 3,300 or Even less because it doesn't grow that much so that's kind of Illuminating for the S&P to be a good deal. You don't want to pay this price Or you'll have to wait a while because this sheet just discounts 10% it takes the future and then Brings it back and yeah, you'll make 10% over time You won't make it this year. I Mean not not a not if the numbers go off of earnings the market can do whatever it wants to do But if you hold it and it doesn't improve it may not be very attractive Okay, enough about that. I also have one for real estate Let's punch that in I'll show that one you can do the same thing for real estate and The reason I like it How big is that number? The reason I like it. I need to fix that one You can change these prices and you can look at rents and you can do the same thing And I've been doing this for Your real estate I've been getting some good data This PV is not working, but I'm not gonna fix it now if you make a discounted cash-flow Model you can see what you should pay or what the future could be and then model it back out I guess I have an error in mind. So I'm gonna not dig into this one, but very very useful you can also Calculate your return on a property if you if you use a down payment You can calculate. Hey, what's my keger or what's my leverage return? What's my non leverage return and then you can compare it to the stock market because that's one of the hard parts Should I buy a house or should I buy a stock or should I do both or when do I do it either? That math is fascinating One of my buddies brought up a stock GitLab I ran the numbers guess what it matches the same Numbers of the S&P as in it's no better When the current price and the present value of the of the earnings when they match up it means It's priced perfect and if you look at GitLab There is no opportunity. It's priced perfect. You're not going to beat the market buying a growth company That's too expensive for the current year if if the future growth If that's the only way you're gonna make a profit that means you're gonna be waiting a long time to start to make Profit if you look at the business itself when too much of the growth is priced in in this year and the forward year That's not a great. That's not necessarily a great investment. So If you look at this one GitLab loses money Barely makes any money and then makes a little bit of money, but even in 2025 that would still only be a 7 to $14 stock. So you're you've already paid a premium and You're overpaying for three years because you're hoping to break even somewhere in 2028 Do you want to buy an investment that doesn't make any money for five? Years and then maybe starts to make some money. That doesn't sound very good. There are better opportunities There are better opportunities out there, so I Don't want to Show those because I've shown them in different videos, but I just want to show hey when something is priced perfect it means that The discount rate is factored in the size of the opportunity It's not very big. You'll still make money, but there's a lot of risk and There's no discount to a fair value when something is priced perfect. It means there's not a big opportunity It's not a mispricing. So this is all a worksheet like this or a you know a model Tries to do it tries to paint a picture when you look at a stock It's only a picture But but life isn't a picture. It's a movie. It's a moving It's a series of moving pictures. So you really have to have more tools than just a chart you want to have Some a better understanding of of the business Okay, well, I hope that was useful Please do better homework. Don't just look at the pictures and think you know it all there's There's multiple forms of analysis Cheers


This lecture is part of Berkeley Math 115, an introductory undergraduate course on number theory, and will be about Gauss-Sums. More precisely, we'll be talking about Gauss-Sums and how to use them to prove the law of quadratic reciprocity, which you remember says PQ times QB is equal to minus 1 to the P minus 1 over 2 times Q minus 1 over 2 for P and Q odd distinct primes, positive primes, that is. So last lecture, we gave a proof of this, and as I said, there are something like 300 proofs of the quadratic reciprocity law, so we're going to give the second one. You can see a list of many of them in this rather nice book by Lemma May on reciprocity laws. So there's the law of quadratic reciprocity, and the pictures are Euler and Eisenstein, I believe. And in the back of the book, he has a list of some of the proofs. So you see, here are the first six proofs by Gauss. He saw a list of Le Gendre at the beginning, but Le Gendre's proof wasn't actually complete, so Gauss has the first proof of it. And the list goes on for several pages, and it ends in the year 2000, of course there have been several proofs since then. So there are a couple of hundred listed here, and in fact he lists about 300 proofs in another book. So anyway, so we're just going to give a second proof of it. So first of all, we need to define what a Gauss sum is. So a Gauss sum, often denoted by the Greek letter tau, is denoted by sum over x mod p of the take Le Gendre symbol, and you multiply it by epsilon to the x, and let me explain what epsilon is. So what we're going to do is we're going to assume that q is congruent to 1 mod p for simplicity. And at the end of the lecture, I'll explain what you do if q is not congruent to 1 mod p. But this means that the integers modulo q under multiplication, we remember their cyclic of order divisible by p, but this means that it has an element epsilon in z modulo qz star of order exactly p. So you can think of epsilon as being a pth root of 1, so epsilon to the p is congruent to 1 mod q. In fact, since epsilon is not 1, we also find that 1 plus epsilon plus epsilon squared plus all the way up to epsilon to p minus 1 is also congruent to 0. And more generally, 1 plus epsilon to the i plus epsilon to 2i and so on plus epsilon to the p minus 1i is congruent to 0 for i not congruent to 0 modulo p. So these are the usual properties that sums of roots of unity tend to be 0 unless the root of unity is 1. So that's what the Gauss sum is. So this is an element of z modulo qz because all of these, this is plus or minus 1 and this is obviously an element of z modulo qz. Gauss sums are actually very closely related to gamma functions. So if you look at the definition of a gamma function, gamma of s is the integral 0 to infinity of e to the minus t, that's s minus 1 dt. What you notice is that if you compare the definition of a Gauss sum with the definition of a gamma function, there seems to be no relation between them whatsoever. But if you look more closely, they're actually really rather similar. First of all, integration is really a sort of summation. So here we're integrating over the positive reels and here we're summing over the integers mod p. Well, positive reels are almost a field if you ignore the negative reels and the integers mod p are also a field. So in both of these, we're sort of summing or integrating over a field. Next, we have this term epsilon to the x corresponds to e to the minus t. That's because these are the properties that epsilon to the x plus y is equal to epsilon to the x times epsilon to the y minus t1 plus t2 is equal to e to the minus t1 times e to the minus t2. So that expression and that expression are both sort of exponentials of something. And finally, these two terms here are also kind of similar because they're both multiplicative. We notice that xyp is equal to xp times yp and t to the s1 s2 is equal to t to the s1 times t to the s2. So the Gaussian sum is actually reasonably similar to the Gamma function. And it turns out that any formula you can prove for the Gamma function quite often has a sort of analog for Gauss sums and vice versa. I mean, not exactly the same. I mean, obviously Gauss sums aren't exactly the same as Gamma functions, but there's just a very strong formal similarity. Anyway, what we're going to do is to write down some basic properties of Gauss sums. So the first property is that tau squared is equal to minus one p minus one over two times p. So and the proof of this, we take the formula for tau, which is sum over x mod p of xp times e to the x. And then we're going to square it. So tau squared is going to be we have to sum over both x and y of xp times yp times. So that should be epsilon times epsilon to the x times epsilon to the y. So that's just epsilon to the x plus y. And we can write this as sum over all x, y. And now we're going to take both of them to be none zero since these two terms are both vanish if x or y is zero. And then we can take xyp times epsilon to the x plus y. Now we're going to make a change of variable. We're going to write this as sum over x, y not zero of xp. So we're going to just divide x. We're going to multiply x by y. And you notice that x, y squared p is the same as xp. And then we get epsilon to the xy plus y. Now we can write this as a sum over all x and y of xp times epsilon to the x plus one times y. And you notice that the sum, we can just include x equals zero because this vanishes and we can include y equals zero because the sum over these things vanishes if we sum over y. And now we write this as a sum over x times xp. Then we have a sum over y of epsilon to the x plus one y. And this is a sum over powers of a root of unity. So this term here, it's not if x plus one is not congruent to zero modulo p. And it's p if x plus one is congruent to zero. So the only term here we get is where x is equal to minus one. So this sum becomes minus one choose minus one p times p. And now we notice this is what we're trying to prove because minus one to the p minus one over two is equal to minus one p. So these are both just plus one if p is congruent to one mod four and minus one if p is congruent to minus one mod four. So this has proved this first relation for the Gauss sum. I said that Gauss sums are related to the gamma function. There's an analogous property of the gamma function which says that gamma of s times gamma of one minus s is equal to pi over sine pi s, which again doesn't look at all like this relation here. But if you look at the proof of this relation for the gamma function, you find it's very similar to the proof of this relation for Gauss sums, except instead of making a change of variable in a double sum, you have to make it a similar change of variable in a double integral. Anyway, that's the first property we need for Gaussian sums. The second property is the following. It says that tau to the power of q is equal to q, the Legendre symbol qp times tau. And to this, we just take the sum x, sum of x mod p of xp times epsilon to the x. So this is just tau. And now we're going to raise both sides to the power of q. And we notice we're working modulo q because epsilon is just a number taken mod q. So let's raise both sides to the power of q. Now, this is going to be sum over x mod p of x over p to the q times epsilon to the qx. And here we're using the fact that a plus b to the q is common to a to the q plus b to the q modulo q. So if we're working modulo q, then taking q's powers is very easy. And you notice this is just the sum over x mod p of xp, because since this is 1 or minus 1, taking the q's power doesn't make any difference. You remember q is odd. And then we get epsilon to the qx. And then we can make the change of variable. x goes to xq to the minus 1. And we have a sum over x mod p of xq to the minus 1p times epsilon to the x. And this is just equal to a sum over all x of q to the minus 1p times xp times epsilon to the x, which you notice is just q to the minus 1p. Here we're taking q mod p of tau, which is of course just the same as qp. Again, q to the minus 1 means q to the minus 1 taking mod p. It doesn't mean a rational number. So that's what we were trying to prove. So again, it's a rather straightforward calculation making some obvious changes of variable and so on. So let's summarize what we've got. We've got tau squared is equal to minus 1 to the p minus 1 over 2 times p. And we have tau to the q is equal to qp times tau. And now just by manipulating these two, we can easily get the law of quadratic reciprocity. First of all, we take this one here and we notice that it says tau to the q minus 1 is equal to qp times tau. And now we can write tau to the q minus 1 is just tau squared q minus 1 over 2. So we substitute in tau squared from this and we find minus 1 to p minus 1 over 2 times p. The power of q minus 1 over 2 is equal to, sorry that tau shouldn't be there, is equal to qp. And now this is just the law of quadratic reciprocity because this gives us minus 1 to the p minus 1 over 2 times q minus 1 over 2 times p to the q minus 1 over 2 is equal to qp. This is all modulo q. But if you're working modulo q, then this term here is just q legionre symbol qp. So we've got the law of quadratic reciprocity. So again, as I said last lecture, most proofs consist of one key idea followed by a lot of rather routine calculation. In this particular proof, the key idea which is not obvious is to write down the definition of a Gauss sum. Once you've written down the definition of a Gauss sum, both of these formulas here are rather straightforward routine calculations and deducing the law of quadratic reciprocity from them is also fairly straightforward. So as usual, there's a very short key idea which is rather difficult to think of and followed by a lot of straightforward calculation. I'm not sure how Gauss managed to think of Gauss sums. It may have been related to his construction of a 17-sided regular polygon because Gauss sums turn up naturally in that construction. So maybe that's what gave him the idea. Anyway, you remember there was one slight problem we had earlier that we said q is congruent to 1 modulo p. Because we needed that in order to find an element epsilon such that epsilon to the p is congruent to 1 and epsilon is not congruent to 1. So we can ask what if q is not congruent to 1 modulo p? Well, what we have to do then is we change the field z modulo qz to a bigger field. Containing some epsilon with epsilon to the p is congruent to 1. And the way we do this is by using some of the ideas from abstract algebra we mentioned earlier. What we do is we take the polynomial x to the p minus 1, except we don't want the root 1 so let's divide it out.  And what we do is we take an irreducible factor of this polynomial, let's call it f of x. And what we do is we take the field of integers modulo q and we join a variable x and we quotient out by f of x. And this is now a field and the order is equal to q to the power of the degree of f of x. So if q is 1 mod p then this has an irreducible factor of degree 1 and this field is just equal to z modulo qz. But in general it might be slightly bigger. And it contains an element epsilon with epsilon to the p congruent to 1 and epsilon is not congruent to 1. So it has a primitive pth root of unity which is just the image of x. And now we can just repeat the proof we gave except instead of using the integers modulo q we use the integers modulo q with this extra pth root of unity adjoined. So that gives a proof of the law of quadratic reciprocity that works for all odd primes p and q. Okay, next lecture I'll be talking about an extension of the Legendre symbol called the Jacobi symbol.


So let's talk about one of the technologies, one of the techniques that will allow us to emulate life and the complexity of life. The idea is to make the player the hero of his own story. And one very simple way to do this is to create what we call a tree structure. So basically your story instead of being linear, like in a film, you will have branches where each new possibility becomes a new branch in your story tree. But actually if you make a choice, the way we can see here on screen, you start with the intro and then you have three options. But these three options will lead to more options and each of these new branches will lead to more branches. And you just create a very complex tree structure that emulates all the possibilities that you have in the scene. So there's a logic between them, I mean each one is the consequence of a choice made by the player, but at the same time it can become very complex. What I love about this very simple system is that it's a way to represent actually how life actually works. When you make a choice, this choice has consequences that will open new possibilities for you and you will make another choice that will open new possibilities for you. So you can consider the complexity of life and your story in life as a tree structure. What is important to understand here is that compared to a film script that would happen in 2D through time and space, two dimensions, an interactive script takes place in three dimensions. Time, space and possibilities. It creates really a layer of complexity that makes the writing much more complex, much more difficult to apprehend. And to show you this example, this is a tree structure. The previous tree structure was from Heavy Rain. This is a tree structure from Detroit Become Human where each box is basically an event happening in the story and you can see the complexity of the branches and the variables and the conditions and all the things that may happen. So of course as a writer when you need to apprehend such a level of complexity you need to be very organized, very structured and have a very clear understanding of the story that you want to tell and how you want to tell it. One last quick word about technology, technology to create emotion. Quantic Dream is a very special studio because we develop our own technology for 24 years basically around engine, around you know pipelines, around tools, our infrastructure with motion capture, etc. So everything is really basically developing house with this philosophy of developing technology in order to support storytelling and emotion. So cinematography for example is a very important aspect of any experience developed by Quantic Dream. Physical camera is a good example. We try to have cameras that are not virtual digital cameras that have no weight, no size, no speed. We try to have cameras that have a lens that can have a depth of field that really recreate the physicality of a real camera. We also want cinema quality acting and directing so that's something very important. This is why also we spend a lot of time casting the best talents and spending time working with them on the studio, directing them and working on the emotion and the performance. We respect absolutely all storytelling and filming rules. Of course we need to invent and adapt to our format but at the same time storytelling and filming have rules established for you know centuries and for storytelling and one century for films. We try to learn these rules and really to respect them that's something very important. Lighting is probably the most important thing and sometimes people especially in video games underestimate the importance of lighting. Lighting is even more important than in cinema. It can make a huge difference in your game if you respect the basic rules of lighting. And sometimes also people forget but soundtrack is 50% of the image of the impact that an image will have on the audience. Surprisingly a good soundtrack will make your game look better surprisingly and that's something we confirmed many many times over the past 24 years. At Quantic Dream we continue to invest on developing technologies to create emotion. Photogrammetry is a new way to scan actors and have hyper realistic you know rendering on characters in general. We work on what we call motion matching which is a new way to use motion capture to have more realistic movements. And this is really a new approach to how characters can move more naturally in games. And of course we work on deep learning, neuronal networks and of course rendering and ray tracing and reality etc etc. So there are many new technologies that we work on at Quantic Dream in order to not just to make a technical showcase but truly to make our games more emotional, more intense and more you know immersive. That's it for me today so thank you very much for your attention. It's been a pleasure sharing with you these ideas and what I learned creating Detroit Become Human.


What's going on everybody, Estas here and in this video, we're going to be doing an overall market update. Taking a look at the Dow Jones, the S&P 500 and the NASDAQ, we're also going to be doing a trading update talking about what I personally did today in the markets as well as some stocks need TFs that I'm watching and looking to trade right now in the month of December in 2019 and as you guys read in the title, there are two stocks in particular that I'm heavily considering buying right now in the stock market. And I also want to break down with you all, you guys, DGAS and whether or not I believe there's fear setting in here in the stock market before this trade deadline on December 15th and whether or not I think this market could go up or down before that trade deadline. But before we do get into everything guys, all I ask from you is to simply lightly go down below and destroy that like button and consider subscribing if you want to see further content from me. And if you want to be further connected with the StriveSmart community, the Discord link is down below as well as the Facebook group. So with that further ado, let's get into it here guys starting off with the S&P 500. So you guys can see here, the S&P ended up closing down $3.44 down .11% and the hourly chart here, the 20 day one hour chart, let's be honest, this thing is not looking pretty right? This is looking like a double top to me which is a bearish pattern, right? We failed to break out of that 3154 all time high and we've been struggling over the past couple of days mostly due to the market fearing in my opinion what's going to happen between the US and China before this trade deadline which is on the 15th. And if you guys don't know on the 15th, there's about I think $160 billion worth of tariffs that are supposed to go into effect. And if these tariffs go into effect, which the market fears, I think this market has a very good chance of dropping, correcting a couple of percentage points, right? But I personally think I have a feeling and I'm sure a lot of you guys probably have the same feeling that these tariffs are going to get delayed and obviously the market wants that. If you guys see on this hour or rather this day chart, we were actually gapping up earlier this morning on that news of more optimism regarding the delay in the tariffs because again the market wants that. Then all of a sudden you guys can see here we saw a massive dump and that is because we had two articles of impeachment against President Trump related to allegations of abuse of power and obstruction of justice and that's what led to this big drop in the S&P 500, right? All the way down to around 3126. And the thing with the trade war guys and US and China actually getting to an agreement, Trump wants specific terms and he wants a guarantee that Beijing is going to purchase massive amounts of US farm products including agricultural products, poultry and soybeans, right? So he needs this guarantee from China, from Beijing that they're going to do that and that's kind of what is holding back at least a phase one deal at this point between the US and China. And again this is probably going to lead in my opinion to a delay in these tariffs which again that's probably going to be a good thing for these markets and we saw about a week or two ago. Donald Trump is in no rush for a trade deal, right? This is an arbitrary deadline, we've heard that before, right? And he's okay with waiting until after the election, the November 2020 election, presidential election to make a deal with China. So unfortunately guys, for us traders, for us investors, the trade war, you know, all the stuff that goes along with the trade war, the pessimism, the optimism, the swings in the market. Unfortunately, it seems like we're going to have to deal with that for a couple more months at least, maybe even a year and that's just my gut speaking guys and I'm sure a lot of you all could relate to that as well. So let me know down below in the comments, what are your thoughts on the trade situation, you know, agriculture, all of that good stuff. So the Dow Jones ended up closing down 27 points today, 0.1% to be exact and just like the S&P, the chart's not looking pretty, right?  And if we pull up that four hour chart, you can see it even clearer, right? This thing really looks like it wants to correct based on these technicals here, down to about the 180 S&P on the four hour chart, which would be a pretty healthy correction of about 2% to 3% on the Dow Jones and honestly, I wouldn't mind that. I would not mind these markets selling off. We could potentially buy the dip down here. I think that could be a good opportunity, you know, across these markets, the Dow, the S&P and that's kind of what I'm expecting if the trade or rather if the tariffs go into effect. I do think we may see that correction to that 180 S&P and the S&P, maybe down to the 180 S&P as well, right? And if we go to the NASDAQ, this thing is currently down 50 cents, but these are the futures. If I pull up Yahoo Finance very quickly, yada, yada, yada, we were down $5.07% today in the markets in terms of the NASDAQ. So not too crazy of a day, just like the S&P and the Dow, this is not looking like the most bullish pattern, right? We're seeing a bit of resistance here at around 8,400. This could potentially correct down to that 180 S&P. And if we do get bad news regarding trade, that could be a break. If we do break that 180 S&P, that could be an extreme bearish pattern in my personal opinion. And we could see some further downside from there. So in terms of these markets, yes, I think there is some fear, some anxiety setting in here. And if you look at the VIX guys, which a lot of people call the fear index, take a look at this VIX. The VIX does not lie. We were at $12.11 a couple of weeks ago, actually not even a couple of weeks ago, about 10, 15 days ago. And since then, really ever since, we started to get some attention again regarding trade. This thing has spiked up. We pulled down to 13. And we spiked up again ever since there, ever since that little pullback, or rather a pretty big pullback from 17 down to 13. And what's that telling me, guys? That's telling me volatility started to kick in. And again, fear is kicking in in these markets. So very, very important to watch this VIX. If this thing starts to go crazy, we could be seeing some volatility and obviously some selling off in this stock market. So overall, those are my thoughts right now on the stock market, guys. Again, let me know down below what are your thoughts, what are your opinions regarding trade, everything that's going on. Will this deadline be pushed back? I'd love to know what you guys have to think down below. And let's talk about what I did today in terms of my trading. Today was another one of those days where I've been cautious, or rather, I was cautious. And I mentioned in yesterday's video how I've been cautious over these past couple of days. Very, very picky with what I'm trading because of this deadline, because of the markets kind of struggling. We're seeing, again, the VIX pushing up fear, volatility. I want to be more in a safe situation here with a bigger cash position, right? So I've been a bit more conservative. And what I ended up doing today, I traded Tesla again, or rather, I just completely sold out of my Tesla position to lock in those profits. And if you guys remember yesterday in yesterday's video, I talked about how I sold my initial, or rather my 50% of my position in Tesla because we were breaking above 340, right? I took a little bit of profits here just to be safe. And if you guys don't recall, I've been in Tesla since around 330 bucks, right? Since right around here on this dip after the unveiling of the Cybertruck. So I ended up getting in here. Again, yesterday I sold half of my position for close to, I think it was a 2.5 to 3% profit. And with this crazy move that we saw today, up 10 bucks, up almost 3% at the close, despite the market selling off, I ended up selling another, or really just selling out of my position completely, right? So I ended up taking about a 6% gain on those remaining shares. Actually, it was a little bit less than 6% because I didn't sell exactly at the peak, but I did end up selling right as we started to get to 350 bucks, which does happen to be the next resistance that Tesla is going to be facing here. So me selling it here does not mean that I'm bearish on Tesla. I'm just simply locking in profits because I have seen quite a nice run-up since my entry point, and I am up around 6%, or I was up around 5%, 6% on the position, which I love in terms of a shorter term swing because, again, I've been in this one for about a week or two at this point. So for Tesla, I'm looking to see, you know, if we break 350 and hold that now, that could be my next entry point for the fill up to 360 bucks, but in the short term, hey, we may pull down maybe to 345, 344, and maybe we hold that level. So I'm just waiting to see where it goes from here if it cools off or if it breaks up again. And if you guys don't recall or didn't look actually in terms of what pushed Tesla stock up, it was a Germany catalyst. I forget off the top of my head right now, but this morning, here we go. Germany's 500 million Euro cathode factory to boost European electric battery production. So ever since that came out, seven minutes into the market, 9.37 a.m. Eastern Standard, Tesla stock pretty much skyrocketed, right? It ran up literally from that point in time, a straight shot all the way to 350 bucks. And again, that's where I ended up taking my profits. So in terms of today, no new swing positions that I entered. I was looking to enter some, but didn't get the confirmation that I wanted. So all I did was really just lock in those profits here on Tesla. And again, I'm being very conservative due to this deadline coming up. And I know from experience, I know a lot of you guys know from experience as well, that the trade war could really rock the markets. And I'm not looking to get squashed, which is why I am just simply holding more cash right now than usual. So that's what I ended up doing in terms of my trading. Let me know down below what you guys ended up doing. Now let's talk about two stocks that I'm considering buying right now for a swing, probably after the deadline, if we get more news regarding that deadline in terms of the trade war, right? One of those stocks is going to be Nvidia, ticker symbol, NVDA. I see a bunch of potential on Nvidia, especially if we pull up this three year chart, you'll be able to see it if we break this 220 level. Guys, after this 220 level, you can see this thing as potential to get to 250 bucks based on strict support and resistances, right? Maybe we get to 240, that's another level that I guess you can argue is a resistance in between here and 250, right? So probably from 220 to 240, that could be the first trade. Maybe we pull down from there and then rally up to 250, that could be the second trade. But ultimately I'm just waiting for the buy signal, which in this case is going to be that break above $220 for me, right? That could be a buy signal. Or if we start to climb up tomorrow pre-market, continuing this little uptrend we've been on over the past three, four, five days, that could also be a little entry point if I want to buy before the confirmation, right? And if I were to do that, if I were to buy a little bit at 216, then add more after the confirmation if we were to break above 220, I'd add a little bit, right? I'd add about 10, 15%, then maybe another 10, 15% after we broke 220, if we broke 220, and then maybe another 10, 15% if we got to around 225 and then probably end up holding that or maybe not 10, 15% because that doesn't add up to 100%, but you guys get it, right? You add a little bit at a time until you reach your goal position, right? And then you end up holding to your target sell which we already discussed is around 230 bucks here on Nvidia. So that's kind of my plan with Nvidia here, the next stock that I'm really, really just waiting to buy here is going to be one that I took a loss on a couple of days ago and that's Home Depot, right? Ticker Symbol HD, this is a stock that a lot of people consider a safer play, right? It's a blue chip company, been around for a long time, dividend payer, all of that good stuff, right? It's not one of these companies that's unprofitable, that swings like crazy. It's typically one of these companies that pulls down once in a while, sees a healthy correction, but ultimately rebounds from there and that's the stage that we're at right now. We've seen the correction, right? From 240 down to about 212, but now all I'm waiting for is the confirmation. And for me, and if you've been watching these videos, you know the confirmation is going to be a break above this 50 SMA and ultimately a break above 225. That's the huge level of resistance right now that I'm seeing on Home Depot and why is that? It's because we held 225 multiple times in the past, once, twice, three, four times, right? We hit that high at 230 and we broke below that support, at around 225, making it that resistance level that we need to break above now. So for me to add money into Home Depot, initially I need to see a break above that 50 SMA, right? If we get that, that's where I'll add a little bit of money into Home Depot and ultimately I wanna add the bulk of my position above 225 just to play it safe, right? Just to play it safe because at this point, the confirmations, they're all going to be aligned and I really see a straight shot to 240 if we're able to break that $225 level. So Home Depot, I'm liking it and if you guys look on the longer term charts, you can see what I mean about, you know, each time it corrected, it recovered, right? No joke, take a look at this. Over the past three years, we recovered or rather we corrected, we recovered heavily, or heavily, right? We corrected, recovered heavily, big correction here, heading into 2018, right? We all remember that sell-off and we recovered very heavily and we had many, you know, many corrections along the way to that all-time high and this correction is no joke, guys. This is about 10, 12%, that's a chunk and you have to consider this as an entry point for Home Depot in my opinion, but again, you have to wait for that confirmation and it's really looking good on this three-year chart, guys. Take a look, bullish candle forming on top of that 50 SMA at a higher low. Now we just have to be patient with it and ultimately I do think it's going to end up recovering. We just have to wait and I'm really looking to pull the trigger soon on this one, ticker symbol HD and ultimately on this hourly chart, I'd like to see a breakout above this 180 SMA as well. The fact that we're holding the 50 SMA right now and trading between the moving averages, that's a good first step, but again, that break above the 180 and ultimately the break above 225, that's what I'm looking for in terms of Home Depot here. So let's break down U-Gas very quickly, then we'll take a look at natural gas and D-Gas. So U-Gas today, we saw yesterday actually, it dumped crazy, right? It had a day, it was down, what, like 17%, very, very big gap down, but ever since then, the past two days, we've slowly been recovering. We've been seeing that breather in U-Gas like I called out in Sunday's video, right? Today, we didn't have a crazy green day, but we did have a green day, nonetheless, up 13 cents, up 1.58%. And my theory with U-Gas, with natural gas right now is simple, right? If we pull up NGF 20, right, which are the January contracts here, the futures contracts, I call this out on Sunday, right? We gap down heavily and we saw some sort of support at around 220 heading into the open. And what that told me heading into the open on Monday session yesterday was this thing is looking to repeat the pattern that it did the previous week, right? We saw that massive sell-off. It was about a 5% correction, whatever it may be, right? Extremely oversold is what natural gas ended up getting in terms of the RSI. And we saw that similar support and we ultimately filled the gap back up to that 180 SMA like we did multiple times before. So I saw the big dump on Sunday. I was like, okay, this is looking similar to what happened last week. Big dump oversold. We're seeing support heading into Monday. That gives me a reason to believe we could rally back up to that 180 SMA, giving U-Gas that short-term play. And really ever since Sunday, when I talked about that, we've been getting that short-term play on U-Gas, right? On the five day, five minute, you can see it. We hit that bottom, 765, ever since then up about 10% to where we are right now. And honestly, guys, I do still see a bit more in the tank here for U-Gas, especially if we gap up tomorrow. Tomorrow and Thursday, very important days here on the short-term for U-Gas, natural gas, and of course, D-Gas, because that report, the Natural Gas Inventory Report, comes out Thursday, 10.30 a.m. Eastern Standard, and that's typically when natural gas, U-Gas and D-Gas are the most volatile. So take a look tomorrow at U-Gas if we gap up. I think if we gap up, we see a break above this 50 SMA, I could potentially see a rally tomorrow as well, right? Maybe another 5%, 6% rally closer to that 180 SMA where we've tested in the previous couple of weeks. And from there, that's going to be the interesting spot, guys, because from there, if we break out, that could be a huge reversal on U-Gas, but if we end up getting resistance there, we could get rejected, especially coupled with a bearish inventory report, which it's probably not going to be the most bullish report due to the mild weather we've been experiencing, due to the low demand of natural gas we've been experiencing. And yeah, that's kind of my thoughts there. Watch for that gap up. Ultimately, guys, if we get pushed down, rejected here, again, coupled with a bearish natural gas inventory report, I think there's going to be more downside for U-Gas, for natural gas, at least here in the short term over the next two to three weeks. So that's kind of the breakdown there. Now let's talk about some other stocks and ETFs that I'm watching very, very quickly. We already talked about Nvidia. We already broke down Tesla. We already broke down Home Depot. Two other ones that I'm watching here are going to be Shopify ticker symbol SHOP. We broke out of this 380 resistance or the 370 resistance, rather, yesterday. Very bullish move, but we ultimately failed to hold 370 as a support here. So I'm interested in seeing what we do tomorrow, guys, because honestly, the way I'm looking at it here, this thing looks like it wants to fall down to that three, maybe not 340, that might be a big correction. But the fact that we didn't close above 370, it seems like there could be some downwards pressure. Maybe we go all the way down to 345, which would be a pretty good dip, especially if we hold that 50 SMA. That's probably the most extreme sell-off case there. We could also go down maybe to 360, maybe to 355 and ultimately rally from there, and that could also be a dip buy. But this could all be canceled out if we pop in the morning, guys. If we ultimately just pop from here into the 370s and start to rally and break above that resistance from, I believe, yesterday at about 380, that could be the bullish move we need to see on Shopify to get us up to that $400 level that I was talking about in yesterday's video, which is really the next spot that we're going to based on the technicals here. So Shopify, I'm really liking this one, guys. Very, very bullish. Mo struggled a bit today, but we're still holding that 50 SMA. This still gives me hope that we're going to break above that 50-50 level of resistance tomorrow or maybe sometime this week. And if we do, like I mentioned yesterday, that's a nice 5% potential for profit up to the next resistance, which is at $53. The last one that I want to talk about today, guys, is PayPal ticker symbol PYPL just simply because it's at a higher or low on top of the 180 SMA. And I'm looking to see if we get the confirmation, which would be, obviously, it holding that 180 SMA, breaking that EMA and ultimately breaking that 50 SMA. If we get that, that could be a good bullish move that could get us to that 108, 108 dollar level of resistance, which from where we are now at about 103 up to that level, that's around a three to 4% profit here on PayPal. So PayPal, I'm liking it. I saw some analysts bumping it up to a buy here on the dip, too, this is pretty attractive in my opinion. So overall, that's it for the video today, guys. If you enjoyed it, feel free to go down below, hit that like button and consider subscribing if you want to see further content from me. And if you want to be further connected with the StriveSmart community, again, the Discord link is down below as well as the Facebook group. And if you want two free stocks from Webull valued up to 1400 bucks, use my affiliate link down below deposit 100 bucks and you'll get two free stocks valued up to 1400 dollars. So I'll catch you all in the next video. Thanks again for watching. If you wanna see my M1 portfolio, click this link. There's gonna be a link right here. Click that, watch that video. And yeah, I guess I'll catch you guys there. Thanks again for watching. See you soon.


I've noticed that one of the things that stops people from creating content consistently is that they're so worried about the order of their content. So if you're making videos, oh, I should have made this video first and then the second and then the third topic and then the fourth. That makes more sense for people to consume it in that order. But here is the truth of how people consume content online. They don't do it in order, right? They come to your Instagram feed. They're not going to scroll down to the first picture, right? They're just going to look at what's already in the first couple of rows. So they look at your latest content. They go to your YouTube channel. They don't go to the very first video and start there. No, they just, people like fresh content. They want to see what's the latest and then they start from there. Even if they're brand new to you, okay? So every piece of content you create for free online should stand on its own. You shouldn't have to worry about the order and series of things. Make everything stand on its own. Now of course, a particular concept you talk about is going to be more understandable if people also understood this and this and this and this. But I just encourage that you assume that people understand and have enough background. Whatever you're saying, just make the assumption. Just be really bold and make the assumption that they already get it and then you just talk about whatever you want to talk about right now.  So just do it on its own, okay? Make every piece of content stand on its own and also know that as you create, you're going to learn. In fact, I think creating is really the best way of learning. As you create, you're going to realize the gaps that you have in your knowledge and you're going to have new ideas come in and then the order or sequence you thought things should go in is going to get messed up because you're learning and discovering and that's normal and that's a good thing. If you thought you were able to create the perfect ordering, a sequence of content now, that means you are never going to learn more. You're not going to learn anything new. So just create now and then and then. So then you might say, well, does it ever get to a point where you should put things in order? Yes. When you're writing a book, okay, you can look back at the blog post you've written and then find a better ordering of topics to put into your book. Great. You're creating an online course. You can look back at all the videos you've created and go, hmm, which topics should be first, second, third? Great. Okay. Or if you're creating an email autoresponder or whatever it is that is a one-time, that is a singular project that requires more thoughtful sequencing, great. But not with your ongoing regular content. Just let that your ongoing consistent content be whatever is true for you right now and whatever you know right now. Knowing in the future, you're going to get smarter. You're going to get more experience, but just show up with what you already know now. And that is good enough. I hope this is helpful.