We are live Friday independence investor channel 9 o'clock eastern standard time a product We've been foot stomping for quite a while. Why do we do this? We bring people together We're gonna earmark personal empowerment Everybody's personal journey The perils and pitfalls looking at the stock market. Hell if it were easy everybody do it, right? Okay, I just kind of keep that in mind. It certainly is a draw to the topic and I have an interesting way of breaking it down Speaking about the stock market my way The retail investor way the way that makes sense to me the way that it's involved for me a lot of the patrons of the message I was just talking to junior stock investor behind the scene with great my brother kicks on and says hi every now And then I haven't talked to him for a minute. I'm gonna bring him on the channel a little bit later on in the stream here We will be doing a portfolio review I was bitching all week.   Wonderful. I wish nothing but success for everybody but success comes in a lot of different forms and I think you can be Succeeding or get into this non-patient type of mentality where everything that you expect in the market is to be Hunky Dory or expect to be good or expect to be returns returns Guy like myself who monitors the stock market as closely as I do Sometimes can fall victim to that type of mentality because paying attention to the market in the short term I know in my mind is futile. It doesn't mean anything. It's entertaining I love the market. I love to cover financial markets, but I think all too many people out there They get caught up in that trap, you know, because I don't there's something about money and Seeing wealth accumulate as a condition of the decisions that you make is somewhat addicting I think a little bit at least it is for me In a good way. Okay. I think there's a lot of people out there that can benefit from really internalizing the investing Opportunity for themselves, but also to keep it in check to understand that it's very very powerful there are absolutely different levels of stock market involvement different Layers to different programs that can kind of help you Sneak into the stock market, but I I think for me a lot of my Deficiency is not having any patients which in life. I don't have any patients. Trust me stock markets. No difference Okay, I want to get ahead and I think there's a lot of people who tune into my channel and understands man That I don't I don't stop the game. Okay. I'm always trying to hustle that, you know, I'm always trying to work hard I'm always trying to take that next step in my career. I'm always trying to be that forward-linked Looking a person because you know, if you don't do that you end up running in quicksand you end up growing roots you end up becoming sedentary and You start to become complacent And I am not there I've got a lot of work to do and and it always keeps me Running after that Incentive or that carrot in front of me that really kind of drives me and keeps me going really does So like to welcome the gallery here for sure you guys kick in here at nine o'clock Like clockwork man. I'm freaking in debt to you. Thank you so much for allowing me the opportunity I do have a laundry list to go over and I looked at the portfolio week after week and I thought Jesus I you know, I'm up a ten thousand dollar bill and hear the title of this video is You know bitch and complain Funny enough, man, I looked at my M1 finance account, which I'm really proud of I've up to 79 positions Somebody thought that they thought that that was a lot of positions. I disagree with all that anymore It's relative to the amount of money you have in said positions. Okay, that's what it that's what it means If I had five hundred dollars in 79 positions. Yeah, that might be a little bit watered down Okay, but I think the 79 holdings the value holdings that I have in there I've got so many in there that almost pays a daily dividend There's there's very rarely do I ever go through a couple days or I don't have something in that portfolio that's triggering Either on a monthly schedule or more often a quarterly schedule and sometimes multiple stocks will pay at the same time I had one just this week or a group of them and I looked at it and I thought Wow, you know, I only made five dollars on those couple holdings few dollars each and I thought man And is this worth it and then I caught myself and I was like man I used to pick weeds when I was 14 years old For a landscaping company and I made $5 an hour. Now mind you this was 100 degree weather hottest heck Breathe-in dust picking weeds and every hour that went by I made five dollars What did I have to do to render that five dollars of dividends off of that dividend growth? Strategy that I have now you guys know that I have a much grander comprehensive portfolio But I'm building to something in other words What is the potential of that just over 26 grand? We'll talk about the holdings tonight But the potential of those dollars over the long term to grow to something like a hundred thousand dollars or a Quarter million dollars and to render those dividends on such a frequent basis and that that five dollars turns into $25 every week or every couple days or you know It's in frequency and I don't track on that granular, but I know that I'm due the dividends and when they pay It's just an awesome awesome deal because I don't manage that portfolio at all. It's passive in nature It's it's fantastic the Vanguard portfolio that I also chronicled this week in the release series That I share openly with you guys free of charge Is the Vanguard ETFs the 11 sectors the S&P? That's even more passive I mean I consider the other one a little more active just because it's single stock But those two in a nutshell are absolutely 100% passive No maintenance required whatsoever and so I sit back sometimes and I think man You know if I was a new investor and I looked at that I could be like man You know Ryan's had both of these accounts for less than two years two years and the unfortunate part about it And I think where a lot of people start bitching and complaining about the market is like, okay, bitcoins going up I invested in this doc over here. I'm gonna bitch as the solution I bought this stock three days ago and now it's off 27 cents I'm just gonna bitch and hopefully that's gonna be the remedy instead of just stepping back and saying What is it about my program that maybe I need to look internally at and say What type of investor do I need to be what do I want to be and how can I align the specific products to make sure that? I'm not I'm not overextending myself in the market. Okay, so all kinds of stuff to unwrap tonight guys for sure I'm super. I see a hell of a lot of people in here I'll continue to allow folks to make their way in here guys But we're gonna talk about some pretty core stuff tonight. I will go over the portfolios and the updates I made some additions this week that you guys are gonna be Most interested in I hope I want to welcome everybody to the 9 o'clock eastern standard time for sure Livestream fastest 60 minutes on YouTube, etc. Etc. Etc. Etc. Etc. See you in a bit But the message that we put out and I just him just fire in a way at the mouth all the time Because there's so many people out there that really need to get themselves on a path to where they can start Self-learning that's the key and I'm so intense on making sure that if that right person kicks in to the channel That they can see how somebody like myself who? Started picking weeds out of the nandina patches. That's a real story, baby Okay, I'm not I'm not pulling your chain on that and I'm not saying that everybody has to like resonate and be like God dang Ryan you really did come from the dirt. Yeah, I did very humble humble beginnings And I remember those lessons I remember keeping a time card for crying out loud and there's people in the in the in the group here Who can maybe relate with that? There's probably a lot of young investors who are like what do you mean? I just have money show up every two weeks in my account. So what is this talk man? Ryan must be from like the 1750s. No, no, it was it was from the 1990s. I mean seriously You know and and those humble beginnings really do allow me to dig back into the archives and Really footstomp how good we have it in? 2021 and maybe to alleviate and maybe give some sort of context and perspective Around this opportunity that we have in the United States of America. I was talking to junior before junior says Ryan What do you think? You know the markets Really kind of topping out here. What do we think coming into January February March of next year? Are we looking at a potential roll-off? Inflations that you know coming off coming up real estates at an all-time high National debt. I mean I can keep going and going and I have to digress sometimes and say Investing is a luxury. It is not a right investing as a luxury not a right and if you understand what a luxury entails There are some maintenance protocol that comes with a luxury. You don't just go buy a Ferrari Okay, and treat it like a pinto.  Okay, if you're going to take on the investing opportunity You have to understand the totality of what comes with the game and a lot of people look at it and say well If I just get involved the stock market investing. I'm a good. I'm a good guy, right? It'll work out fine for me It's it's a rather rather shallow approach to entering into something that can be very very humbling and very very Defeating at times in that you'll question why the hell you're even doing it. Okay, and that's real talk in the stock market It's not all hunky-dory. It's not all just absolute, you know Pie in the sky rainbow dreams into into your retirement. It's not always like that It's sometimes very very humbling, but I have to sometimes remind myself of my roots It really helps me but become centered this weekly update that I do on the portfolio does it does a lot of things for me It does really reminds me that as bad as I think it is and I'm focused But hyper focused on a specific element to the portfolio right now. That's just been a real drag It popped back a little bit this week anyway And when that little bit of grumbling goes on But I tell you what this is a very eventful earnings coming up for one of my most aggressive positions that I've ever had In my portfolio and this it's gonna tell a lot I'm really kind of hoping that they pull something out of the hat here and really provide some release to Some relief to a very recessed stock price highly on that. I'm talking about here. Let's jump into the portfolios real quick guys We were up across the board Week over week. We were up across the board in all of the portfolios Here's the taxable account still fighting to get back up above that hundred thousand Dollar level but the highly on position drug this right down With it. It was fairly recessed here. We've come back nicely No changes to report here week over week in the portfolio AT&T came off a nice quarter, but man, they they are so indebted Just an absolute frustrating position there in AT&T. It's probably one of my most frustrating positions And I'm down in some of my other positions that I'm not frustrated on I totally understand But AT&T is a real beast that that debt is going to be something that Plagues this stock and I don't know what to do. I don't know if I just cut my ties. I mean really that they made a good quarter Some of their business a HBO Max really looked well Some of their products that they're good. They make killer money It's just that that debt is such a huge overhang for this company, which is unfortunate But we are weak up week over week a little bit. Here's the Roth number one Back up over 120 sneak it at 121 and in here Some additions here this week VNQ was a nice addition here. I own O Realty income core ticker symbol O, which I think is the premier real estate REIT Love to own it in the Roth IRA, but I thought I'd supplement my real estate holdings with VNQ I've owned it before I've made killer money But VNQ I did supplement in the other Roth as you'll see coming up here with the VPU which is Utilities so I strategically took a couple of specialty ETFs that I own in the ETF portfolio the specialty ETF brokerage account and I've Strategically put them into the Roths to help supplement some of these passive assets VOO VBK small cap growth and VNQ being the passive element of this Portfolio so doing quite nice doing quite nice. We had a good week this week We were up handily week over week and I'm satisfied to report So I can keep the bitching to a to a minimal at least during the next 60 minutes Now I again back to my point guys I try to put this in a way that doesn't make fun of new investors because I think a lot of new investors, man They don't know how to react to seeing their money fluctuate in value and I do acknowledge that it's tough Man, I understand I get it But you got to get some years under your belt and it'll tough and yet for sure make you that much more applicable to or or tolerant to fluctuation and volatility in financial markets here So the triple cues here supplemented with Vig I declared that to you guys last week and VPU here and a new Really interesting hyper growth a situation here with Matterport MTTR. So that's a new addition here Very bullish on the company have been for a while I own some calls and and sold them early at a nice profit But picked the Matterport up on a dip here and and we're good to have that as a Nice supplement to the highly on position in the Roth IRA. All right Here's the M1 finance the sector portfolio chugging right along pushing down that $20,000 barrier. It only took five years and I started to contribute to this account with my goodness 15 20 25 bucks 30 bucks to start anybody who starts YouTube real remembers that very first paycheck I do I remember my very first earnings online. It was seven cents and I thought wow It is possible to make money online I can't tell you the first freaking check from then until now I don't remember any of them. I really don't that was the most impactful for me is the first seven cents I earned on YouTube. So for you guys that have any inkling at all to start in a YouTube channel Juniors intimately watching and he's like, is he talking to me right now? Yes. Yes. I am junior. He's smiling big It's a good side project as any I mean hell I've mowed lawns.  It was pretty interesting. They don't exist anymore tower records None of that exists anymore. You don't need any of that stuff But yeah, this is where the YouTube earnings go at least the ad revenue stream goes into this portfolio I'm pretty open about that and I'm open for a reason I think that the real lesson there is if it's eBay's your thing or Craigslist is your thing get that side hustle And get some of that surplus capital flowing into an investment account guys a lot of you guys would look at this and say Yeah, 20 grand. That's nothing Ryan.  I've been investing in this account I did segue from the first trade account and I was investing in some single stock there Not doing too well and I thought you know what I'm gonna set this up for the long term in the way that makes sense to me And I wanted it a little bit more Hybrid than my normal version. So this is what we did here. And here's the 79 stock holding portfolio 26288 performing just Absolutely, wonderful. And if you want to tune into those Specific holdings, I basically just take you into the M1 finance account run down the entire list of holdings yep mostly value investing in this account and It's doing quite well. It's really a nice way of seeking dividend growth strategy Within M1 finance and you get all the benefits to boot portfolio Redistribution of funds. So I fund this with about $50 every week, I think So I've upped the aggressive funding schedule a little bit in Most all of my accounts guys. Yeah. Yeah, I sure have so where I haven't bought big chunks of stock Me and junior were just kind of talking about this. I am absolutely Talking about, you know, the potential for people even in a high stock market to continue to dollar-cost average The market and just making sure that you're Introducing new capital to the market all the time no matter what you're doing with your larger position Strategies saving to cash, etc. That's another one of those top tier agenda items that I have and I've been doing a lot for 2021 like to go back and see where I started the year at my cash position. I bet you I've doubled it Mm-hmm. Yeah, you betcha. Hey, you like them apples. It's good stuff. Yep TSP here. This is another one boosted this up beginning of this year from 10 to 20% Two out of every $10 goes to this account before I even see it in my paycheck Mm-hmm. Mm-hmm. Yep. Show you kind of how committed I am to the to the program You might be thinking out there Well, maybe you're not because I I speak in a way that anybody can listen to what I'm saying and saying I can do that Man, this guy just talks about personal finance in a way that I can understand He doesn't talk about algorithms.  He's gonna take it off the screen. What's his allocation? You want to copy my allocation feel free? It's right there 75 1510 you can absolutely do that if that's what you want, okay? And the puts I'm gonna skip over this year. Excuse me the long calls. I'll throw them up there We've still got the long calls. I've added a couple of the 2024 contracts. I didn't update this with no big deal But like I said, we've got these set for the next couple years So it'll take these a while to materialize obviously it has enough trouble Breaking the $8 range let alone the $10 and 1250 seems like a Lifetime to get there from from these levels, but it happens when you least expect it in the stock market I have no expectations about my ability to say when and how highly on is going to surpass the $10 $12 and 50 range 2550 and $100, but I think inevitably it will happen when it'll happen. I have no idea Okay, total portfolio value here up Handily it's a $10,000 increase. So Where you know, I'm really scrutinizing the action especially over the last few months anyway Just with my hypersensitivity over my hyper growth position in in highly on But the rest of the positions are they're doing its job. They really are today was kind of a drag It was a give back of about five This would have been a fifteen thousand dollar week had I not given back the five thousand dollars to the wine drinking gods The stock market this just today because it was a pretty good week for me But nonetheless five eighteen up ten Week over week nothing to shake a stick out. What did I do for that money? Well, I can tell you I didn't pick Nandina's weeds For five dollars out of the row at the landscaping depot and get that ten grand Okay, what I spent a lot of my time this week was bitching and Probably ill-founded right didn't have any place for that kind of stuff. Okay, so let's kick over here man I want to kick junior in here say hi let him say hi to the group. He's part of the family Absolutely always has been always will be junior. What's going on man? What's going on Ryan? How you doing tonight busy? I'm not busy now. I'm doing a live stream This is not work. This is easy. This is your passion 100% no doubt about that. Yeah, I Want to say first and foremost. Thank you for having me on tonight. It's been a while I know we talked earlier tonight. I want to say hello to everybody on the live stream I hope you guys are enjoying your night. Hope you guys enjoy your weekend And I hope you guys are holding strong for whatever stocks you have or if you want to buy some new stocks Buy the dip look at the companies and hold hold hold no matter what happens You hold until you find the right reason to sell for a good reason and don't let anybody manipulate you to do otherwise People think they go they want to go all in and then all out and it's like no no Select the right amount of allocation to where you can justify staying all in all the time Yeah, I mean, um, I think a lot of it has to do with like media, of course, right if you watch Things like CNBC or like, you know, there's so many outlets even on YouTube too Like, you know, the thing is there's certain channels that don't like hey, you know this stock here You know grab this as much as you can right? Maybe it's something that you understand Maybe it doesn't but the key is no matter what asset right of well in the stocks It doesn't matter if it's a penny stock if it's a read if it's a whatever stock It is as long as you have the circle of confidence you understand then then go for it Right, doesn't matter what anybody else says I could tell you this company this bootchip company is giving you dividends 57 Straight years of dividends increase and don't want to so forth But if it's not something that you understand then don't put your money in that regardless And that's why I always tell people circle of confidence invest in what you know and Block out the noise because the noise is gonna be there to distract you just like life Family members and friends is gonna tell you to now do something where you know in your gut feeling like hey This is the right thing for me, you know, so That's a good point It's ironic that I'm always quick to say that the media with their Undying attempt to sell people on propaganda whether it be positive or negative it doesn't even matter Doesn't even matter But we're sitting here talking on a live stream where I want people to come in and hang out with us man I we're trying to bring people together and and I think that's the unique part about it is that I told you Backstage junior that Yeah, I talked to certain people as well even my my mom man. I love her right just had a birthday yesterday. Happy birthday mom Oh, yes, happy birthday mom happy birthday mom. She loves you too, man. She loves you man. She wants you like who's that junior guy? But I think I Lost my train of thought anyway. I what was I talking about remind me that you're on the media and of right So now Yeah, so now when I talk to people who tune into media as it gently as I used to do They start to kind of regurgitate the stuff that is like either the fear stuff We're very very hard-pressed to find any positive news anymore, right? It's it's almost all just negative and I told you I thought you know, we went from Trump from whoever, you know, if you liked him or hated him It didn't it doesn't matter but but the media sold a lot on on Trump because he was just a Skating figure, right moved right on into a pandemic. It was just shock factor 406, you know, it's just really right in your face all the time just affected so many families Across the globe, you know, and and I think now we're coming into a situation where we need to have more Propaganda to sell people, you know, and what is that going to be? It's going to be an inflated real estate market and it's going to be an inflated stock market To try to generate fear in people because when you generate fear in people that that does sell people and I think with the I think we're inundated with too much information. I just again I find it ironic that we're adding to that by pushing out content through YouTube But I think the unique nature of our message is that people can kind of come together and say gosh, man I agree with these guys. These guys are real guys. We're not scripting this. I didn't send you a script before this Did I junior? You know talking from the heart nobody does that anymore And what you mentioned about the media like I never take it personal What the media pushes because at the end of the day I look at it at the spectrum of those people, right? The people that's anchors and cameras and all those that are Aussie involved in the news One thing and one thing only they have to sell something to feed their families Right, so they're gonna have to sell the stories that they know people are going to be quick to click on or people Going to be you know turn on their TVs and be like, oh my god, like this is happening Right and it's it's kind of deep because it's sad because it's like they need to capitalize on your fear Right because the only way they profit and as far as Viewerships and money is to capitalize on your fear, right? So then you're you know, wow, like this is you know I tell mama. I'm like you're watching. Yeah, I'm like you're watching too much of this channel. She's like, yeah, Ryan I am you know, you got me Stop watching that stuff, man. Go do the garden.  I want to tell people here to talk to somebody that's Different from you. It doesn't matter if it's obviously physically, right racially ethnicity, right religiously Politics to talk to somebody say you're a democrat, right? And you talk to somebody as a republican Don't I think the biggest problem is we let our emotions Block our interactions But if you can somehow take the motions out and actually talk and listen to people you're like, wow I didn't look at it that way. I can see why you maybe are swayed to this party or that I'm telling you you will be blown away And the knowledge and the gems that you can get from other people that you never would have thought that you would talk to The thing about okay, so I'm I'm I'm stuck with a lot of advantage here and I think that's very valid I think a lot of people out there need to manufacture those opportunities where me in the military I explained the military as being kind of a utopia This week in a discussion we had on this very topic inclusion and diversity And We work with those people day to day everybody from different walks of life different countries different backgrounds different everything So it's a lot more norm actually in the military than you might think Whereas a lot of people are kind of geographically landlocked Junior, they don't have the opportunity to do that Maybe this is the only opportunity to do that through social media where you can kind of connect the world in that way I really like that comment man. I really do it's what it's what's made me whole because I got out of my hometown When I was a young boy, you know, I was 18 years old I was gone out see in the world meeting people man You know how many people come to Alaska how many cool people I met up there Ireland New Zealand eastern european russia doesn't even matter Meet all kinds of people from all over the world man And I kind of thrive on that man It's one one thing I really like about travel Is you get to meet all those different diverse people and different ideas. It's really cool I need to um, I'm big on traveling and I I myself need to open up especially when you said Alaska my fiance She really wants to go to Alaska and in my mind says like oh, it's too cold. I don't want to go But you know what I gotta I haven't I've never physically been there So if I actually go there maybe it might not be as cold as I thought it is, you know But I need to open up.  You know, you see bad news Um, I've example a quick example of facebook, right? I I own facebook shares and the whole whistleblower situation, right and uh, you know, I'll see I'm not gonna see that's not true Right because obviously I don't work there that that she worked there, of course But I didn't sell my shares and people like, well, why don't you sell your shares all these bad news? Well, I look at it at more fundamentals, right the balance sheet balance sheets for any stocks Will tell you more likely where the stock is going to go in the future, right? They have more assets and liabilities will chances are they can't go bankrupt because they have more cash than liabilities, right? They're growing every year and you got to understand Advertising is big for facebook the same thing with google, right? That's the way they make the money Advertising advertising. We're in a world right now where advertisers are slowly going well not slowly, but they are Going to things that we watch the most instagram facebook, right things of that nature and they're They notice that we can't do tv. Of course, there is commercials on tv But not as much right billboards not as much, you know radio unless you're podcasting, you know, you've done podcasting yourself Podcasters are making a lot of money because of advertising, you know, and that's what I was doing one of the thing with facebook but You know this whatever you guys invest in just hold on to it that obviously you have strong convictions and Done your research No, I think that's really sharp. I think for young people The sky's the limit now and You should really be coming in. Thanks matt. I appreciate that. I haven't even got to your comment yet my brother Matt money what's going on bro matt's in the house man for sure I was just commenting tonight. I was making some sockeye sam and one of my favorite dinners And I was like, I I said it's been a minute since I talked to matt for sure But then again, it goes back to my being impatient, you know, and I just Yeah, I've got real connection with a lot of people in this community and matt's one of them He's just just an awesome dude, man He's awesome From an investing perspective. I I don't I don't know if there's a better mind that I've seen on on youtube And a young mind too. Yeah, but age is not really applicable in this I just think it's worth noting how young he is because he's he's a product of self-study An application. Yeah, and and he has the discipline and the consistency, right? That's what's going to make you a great investor is consistency discipline and able to Even though I could be so into it. There's times I have to disconnect right from the stock market and realize There's other things in this world, right? Understand that it's time to spend with my fiance spend time with friends and family I'll spend time with mental health, right because sometimes But I tell people this mental health is really important. I always encourage people to you know, either Listen to a suit, you know music to take walks, right?  I know the Dave's spell situation Did you catch that? I did. So I recommended that in that inclusion and diversity Discussion we had to work and everybody was like, don't tell me man And I was like, no, no, you like gotta watch it. I love Dave Chappelle anyway, but that he he went to a different He went to a different level.  I cried Yeah, it's a dude. I was like, you got to be kidding me, man Yeah, and I know what's going on with the netflix situation, but you know, netflix is like, hey We're standing by Dave Chappelle and I know people are big So maybe that scared a lot of shareholders in netflix I would tell not to not to tell people what to do But if your next netflix shareholder, you know, definitely hold because If you did the homework and look at the balance sheets and the moat that they have right if anybody's not familiar with moat Um Warren Buffett says that for any company you want to make sure they have a moat So moat is it's a term they use back in the medieval times is it was a way to protect the castle So meaning that If a company has a moat then that means that other competitors can't disrupt disrupt that company, right example Target and walmart, right? Their big competitor could be amazon, right with a retail and online e-commerce So what did walmart and target do they transition to uh e-commerce online?  Hey, I love target. I'm gonna go to target or I'm gonna go walmart So whatever company you have to make sure it has a moat either a branding moat a switching moat with apple Even though i'm not an apple shareholder Apple they're coming out with the apple 13 the people are gonna pay like $1300. It doesn't matter The air pods are $200 But still like these are products that people are gonna buy no matter what because it's the name of the company and the brand So they have a moat I love I love my apple products, man And I'll probably break in my own rules because this company highly on does not quite have a moat Um by by by by all intensive definition Um, he says bring on the pain. I'm ready It's been painful enough for 18 months, man. I was just talking to a colleague in mine I was like it's all I can do to you know, keep my conviction on this company and remember the due diligence because It's um really being piled on right now. It's no doubt about it earnings are right around the corner Um, I my sentiment has not changed at all my bullish thesis. I bought 100 shares just today Um brought brought my total position up to 12 000 shares. So that's what we're so yeah, yeah so it's a big one and um, yeah, it's um It's it's really amazing to me the disconnect and the pile on It seems to get a lot of attention in an industry where there's only about just a couple players really But it seems like this company kind of I mean, it's really heavily being shorted right now We covered 300 000 shares of what is a 21 million short float uh on highly on so If there's any that's right for any type of a squeeze of any type of significance It's highly on right here. They just got to come out with a catalyst. They hired on their um Vice president of engineering this week in the stock It had 11 million shares of volume during that one day. So you can see how hungry people are for information And I'm kind of a voice of the company as well. I put out a lot of content on highly on very bullish on it I think it's a step in the right direction for um for the planet and um, you know I'd like to see a real catalyst shake loose on this um for the industry itself and and furthermore for the for the For the for the planet I'd like to see all these companies find a niche even nicola and I'm not a big fan of nicola I'd like to see highs on do well and I'd like to see highly on do well the entire industry right now those three That were all three SPACs are just getting absolutely destroyed. So as good as it was in 2020 It's terrible right now. So well nicola the in their situation is Mainly the co right like the misinformation and and the the trust fact. I think they're over that I think they are I think the I think the stock market really really gave them The the high road. I really do. I think they should have been punished more I don't think they were punished enough. Um, I think they're given favor Uh, uh with their company. I don't cover that company like I do highly on I can tell you I've been it had my nose in most every sec document that's been submitted Um and every news um that I can garner and the products that I put out on my own Because I feel like highly on does a very very poor job Of pushing out their own pr. I think it's horrible. I think they could do Significantly better. I mean I had just one of my buddies here in the group Dave Who hit me up today and and gave me the uh the ngv summit updates that That the ceo was at and I didn't I couldn't find anything online on it So go figure pretty pretty poor performance, but we'll see and I want to show people these two books here that I have Please do. I love dropping gems I'm a big reader even if you don't like reading books physically get the audio book This gentleman right here. If you guys are not familiar with field town. I just got this book. Um, it's called A rule one investor with field town book came out in 2006 Folks, but it's still relevant to to to today as far as being patient to find Stocks at fair value, but what he wants you to invest in what's called mos margin of safety So that means Around 50 percent below a fair value of the stock and that book right there will show you how he calculates a fair value He uses eps earnings per share. He used growth I'm an estimated growth threat to 10 years uh required minimum return of 15 percent and uh pe it's actually you got to read the book And it's very simple and I love the book because he doesn't talk over anybody's head He breaks down everything that's I think another thing to remind that a lot of people can get discouraged in the stock market When it comes to fundamentals and things of that It's language and jargon right and it's and it gets deep because it's it's used to separate people But once you understand those terminologies It opens a new world and another book from him too that I've also Got and by the way folks go to your local public library. It's free free information You don't have to pay for it. So you get this book right here a payback time. He he made this in 2010 so four years after his first book and actually I want to say two years after the financial crisis He talks about that. So pretty much payback time He he calculates for you wins a great time to buy a stock and your payback time Roughly to get it I was in before 10 years. So usually six six years is really great eight years or um It's really good books read guys or audio book And uh or get patients like I don't have yes patients. Well patients is um, it's tough, right? It's because it's like and everybody has inpatients for something right? Maybe impatient to get a certain meal impatient to get the paycheck or impatient to you know get this You know a new thing that you bought on amazon and you got to wait a couple days except for a day, right? Or maybe you have to wait for a week But once you this um, and that's where discipline comes in right in the discipline right if you I heard uh, Mike Tyson said this on um, I think he said on his uh podcast the hot boxing He said discipline from when he learned from his trainer is doing something That you hate for pretending that you love it Let me say that again discipline is doing something you hate for pretending that you love it That is discipline folks if you can visualize that It's not going to be easy. I'm not of course nothing's going to be easy But if you can practice that and be consistent with it, it can work Yeah, no doubt no doubt Mike Tyson's got some actual his phenomenal insights now Is one of one of my one of my favorite athletes to watch in his prime I like I pushed everything away to watch the Tyson fights, man It was like that was showtime never seen such a dominant fighter Dominant and his podcast is amazing because he makes himself vulnerable, right? He opens up. Oh, yeah Opens up man. You you get the a special time to tap in till obviously we're not in his mind But you can see visualize like man. That's what he was thinking when he was about the box He was fearful. He was scared. You never would have thought he was scared But he said hey every time I went to the ring. I was scared That's boxers don't really say that a lot They really don't but for him to open up about those things. Hey, what's going on, Bob? Bob's always consistent. He's always here every Friday. That's somebody that's consistent, Bob I hope everything's well with you your family. Hope your your stocks your dividends are giving you cash flow And everybody else here, man. This is this is um A great community. Hey all good. I haven't Geez geez somebody part of the family. See see what's going on last one off. So I know man. It's so awesome for sure. Great lessons in here Very cool. Well, I might kick you off, uh, jr. I might get into this a little bit I got a laundry list to go down and I really want to deliver this It's been awesome. Having you man. It's open door policy, man Well, we're gonna get together one of these days. No doubt. We'll just keep keep on keep on trucking man Keep on building Keep on being that empowered investor and keep on being that ambassador for others, man Super important people might look to you. They might look to me And they might might kind of be looking for that little bit of inspiration It's amazing what you say how powerful your words can be And um, that's why I always love to have you on man and uh make come on more more frequently I don't get to see you enough. I know if my work schedules allows me Fortunately had an opportunity today. So, um, I want to say thank you ryan. Thank you for having me on Cheers to you. I'm sure that's this brutal night and everybody else in the live chat Hope you guys enjoy your night and your weekend and stay empowered and don't be afraid Excellent. That's it man. Thank you jr. Appreciate you All right. All right, brother Yeah, it's all juniors awesome, man. He's been with the channel a while. It's pretty cool I feel the same about juniors. I do a lot of these folks who feel like they um, They're part of a good message and it really starts with you guys. That's for sure Starts with you guys starting that account with $500. I've been there and I started the accounts $25 cost average same same stuff that I foot stumped now When I talk about up and from 10 to 20 percent, that's dollar cost averaging Okay, so I'm trying to kick over these rocks and explain the concept in a number of different ways for you guys So you can really really Really immerse yourself in the topic and if I explain it a number of different ways This is going to be a lot more commonplace because juniors said, you know with the language and the separation That that is true to an extent, but I don't want people to be scared off of investing because of that I don't I want you to embrace this opportunity. I it takes a little bit of aggressiveness to be like, you know what? I don't know at all. It's okay. It's okay. I'm going to give it a shot because You know, I do have discipline. I do have some of the pedigree that it takes to Um to to allow yourself not to bitch so much Here's the laundry list. This is the goods 62 people in here, man If I can change one of those lives, I will right now Stop overthinking it. Okay You've done way more difficult things in your life than invest in the stock market or put capital to risk Okay, you've saved in a savings account.  I want more out of my money. I want my money to work hard for me Not the bank make no mistake about it that savings account money's going into the bank They're investing it for their own benefit Once you flip the script a little bit stop overthinking a little bit put yourself into a nice passive diversified bucket to start Roth IRA you got $6,000 a cap there double it up for a married couple $12,000 a year If you've got well more than that to invest then we'll talk but the majority of people I would presume Have at least some work to do to fill out those Max caps to the Roth IRA stop overthinking it. Okay, lots of work there to be had Lots of ability to jump ahead of the game there put some surplus capital to work In a taxed advantaged account Stop over leveraging.   Okay Over leveraging to the market the market's fine If you want to leverage your segue some of your dollars into real estate Do so if you want to leverage some of your dollars into cash Do so it's under a performing and it's not keeping up with inflation.  Okay Overallocating to a specific strategy that you do not have the tolerance to to take on Okay, very important. Stop doing that if it makes sense to you at a certain dollar amount do half Do a quarter. Okay. That way you can kind of ease into that and make sure that you're good for that specific strategy. Okay Under allocating. Okay. You don't want to under allocate to those Traditional means of investing in the market that are actually tried and true that work. Okay Not saving enough cash Not diversifying. Okay. These are things that don't get talked about enough if you're under diversified in your application You will suffer.  I don't need to diversify. Yeah, you need to diversify too. Okay Not maintaining enough stake in the game Well, that's a note What I meant by that is stake in your own program really understanding why it is that you're doing it staying engaged Going into a financial planner allows you to disengage from your program So when the market goes down all you see is a broker who holds your money or a financial planner That's supposed to be managing you up on something and you don't have a vested interest in that stake Okay, you need to fix that you need to have more ownership over your program And that way you own it. Okay, you own the successes and you own The downturns. Okay Not having realistic expectations of the market. There's one. Okay Very very important there Um, not validating why you invest I ask a lot of people when I sit down with them for very first question Why do you want to invest? I don't know That's what you're supposed to tell me. No. No, that's what you need to think about Why invest? What are the what are the strategies that you want to meet? How much time do we have to meet said strategies over time? Okay Creating surplus capital building cash. We talked about that Spend less oh less and invest more It means you spend less via budget.     This is huge. I'll say it again because it's really good I made it up. This is me Ensure your wealth grows faster than your lifestyle. Okay in other words if you Aspire to have that Mercedes that hundred thousand dollar car sitting in your driveway and that five hundred thousand dollar House wonderful. Those are the choices that you've made Okay, but if you're one of those households out there that Have a couple grand in the bank and you have those assets, but you don't have any type of an investment portfolio That's kind of the opposite of what I what i'm talking about your lifestyle has run Ahead of your investment Profile, okay, you want to try to flip that live below your means Okay, drive that car that gets you from point a to point b until you are more than eligible To hop into that hundred thousand dollar Mercedes if that's your thing. Okay exercise eat well and reduce vices Exercise eat well reduce vices Junior talked about that spiritual well-being piece upstairs. You got to get that right if you do that You'll find yourself in such much more of a happy place. You'll be much more spiritually fulfilled and you'll be much more Tolerant of market fluctuations.  I'm gonna feel really good if it goes down I'm gonna feel really shitty and that's just the way of it and that's my application That is completely wrong. No emotion in investing. You should have a neutral application when you go at it But why not go at financial markets in your best state? Okay, fight in this life. You only have one shot at it Okay, if you can do one thing to improve upon your diet If you can do one thing to improve upon your exercise posture I started getting up at 5 a.m. Tuesday 30 and going and hitting the gym for an hour Try to do the elliptical for an hour in the morning. You you'll feel like a different person Give it a try. It won't hurt you.  Okay Stand up.    Okay Super super important. Let's get to some of these questions guys and close out the live stream I had Dave's in the house appreciate you kicking that over. He says I made $5 an hour cutting grass too It's the roots baby wouldn't have traded it for nothing, man There's no way I could have had the level of appreciation Which is A gift from the god no doubt about it appreciation is an absolute gift Everything I've had in my life when I was young. I was happy. I'm happy now It just so happens to be that I have x number of wealth and that's just what it is Doesn't make me any more or less of a person. It just is what it is It is a result of a well-laid plan. I say this all the time. You betcha Rebecca great to see you It's nice to see you sorry to get you in in the night thinning I usually get to the end of the comments I usually sit here at the beginning and I've got three people waiting And I wonder how many people are going to make their way into the live stream tonight But we always have a nice full gallery. It's just awesome I really appreciate your guys's support. I really do. She says my first job was berger king at 515 That's awesome. That's another person with appreciation appreciation hard work Appreciation a salary that does pay you more than 515 Right nowadays anything that I make over and above that 515 Is like it's easier and easier the farther removed of those humble beginnings That make it easier to earmark that surplus capital Which is where you know look as as as americans especially and I know there's a lot of You know developed countries around the world that can resonate with this fact You do not need all the money that you make you don't Okay And investing is just one of those ways to maybe leverage that to maybe even do something grander in your life Maybe in the form of giving back to the less fortunate on this earth Okay, it's a means to an end and it's a it's a very very powerful Profitable means to an end if it's leveraged correctly and you enter it with the right Discipline and the right amount of appreciation for the opportunity Okay Very cool stuff almost to the bottom here guys almost sober trades Talk to him all the time exactly. I am oh Anyone who has a spare money to be able to afford to invest this fortune. Yeah, no doubt well said That's the comment to the night right there. Yeah, absolutely. I think we lose track of that I really do I find myself losing track of this all too often. I think it's unfortunate. I've got to reel myself back in Find my center. My center has never gone anywhere. It's pretty easy to find But I've just got to catch that right moment and you know I'll find it Tomorrow at soccer watching my son. That's where I find those those those awesome moments. That's for sure Every stock I sell puts on yes putting that safety on good for you That's fantastic. Let's go Let's go the kids are making bit there it is. Let's go the kids are mad that they bought bitcoin two days ago and it didn't make them instant millionaires That's a whole whole craze right now that I I just don't understand. It's pretty wild Couldn't agree more bob And I don't I don't know what to do either got a pretty large position in it too I just don't know if I just cut my losses on this whole tear Down huge um comparative to the s and p 500. It's it's it's embarrassing Yeah, this they they should be embarrassed and ashamed of themselves Just absolutely embarrassed to take a train like this and run it off the cliff man. It's too bad very cool I think I threw a wrench at you billy I appreciate all your dialogue and support over the years Sold out of tea and add a little more to my Verizon. Well, Verizon is a good company That's the difference between those two and I on them both Unfortunately, we're just going to have to wait through this. I'm not going to sell at&t down like this I'm only down a thou. We're good Okay Very cool. I met a ton of ton of stuff pop in here at the end here Uh, I see everyone in five fantastic. So, uh, matt's providing the link here If you guys want to keep the party going we got less than a minute on the independent investor channel I do want to give my shout out here to david and freedom as well Who's just doing well? Yes.  I don't know what my point was But it was good at the time that I mentioned it. So Hopefully you get a laugh out of that. Usually I'm laughing at your jokes Hopefully I can come up to the level and actually provide you some comic relief tonight Making your way onto the channel. Sorry to get you in an extra innings But uh, we will be signing off here really appreciate everybody tuning in to be in a part of the movement We are on a movement and it's not going to happen week to week It's not going to happen month to month either But I can bear goddamn to you that I will be here next year I will be here two years five years 10 years Down the line on this project It's how much it means to me because I'd be doing investing Whether or not I had this project or not But this really in a in a nutshell Kind of solidifies this opportunity for me and if I can share it with others Well jump on board because um this train this train is moving and it's moving toward the horizon Better financial future for everybody man trying to empower one investor at a time be back next friday Nine o'clock eastern standard time on the fastest 60 minutes on youtube man Thank you so much guys. Have a great great weekend. We'll catch you next week Oh