Latest / Earn Your Leisure / EYL #181 Investing Blueprint with Wall Street Trapper & Ian Dunlap

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EYL #181 Investing Blueprint with Wall Street Trapper & Ian Dunlap · Earn Your Leisure

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• 1:00
  Speaker 2: My graduates from my school being forced back drop bag.
• 1:05
  Speaker 3: Drop, Mike, drop back drop.
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  Speaker 4: Shout to all the ernest. Yo, let's get start, man,
• 1:23
  Speaker 4: we got a lot to get over. Get through obviously. Man,
• 1:27
  Speaker 4: this this is incredible. Whoever thought the EYL would take
• 1:30
  Speaker 4: it this fall?
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  Speaker 3: Right?
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  Speaker 4: This is incredible. Shout everybody that's in the building right now,
• 1:32
  Speaker 4: clapping up for yourselves.
• 1:34
  Speaker 3: Don't clap it up for yourself, set up for yourself.
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  Speaker 4: Look, this is gonna be an interesting conversation. It's gonna
• 1:40
  Speaker 4: be full of a lot of information. So if you
• 1:43
  Speaker 4: got your pen, your pad, your iPad, whatever you're doing,
• 1:45
  Speaker 4: I would take it out now and get ready. My brothers,
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  Speaker 4: we had a great conversation earlier, and I'm like, look,
• 1:50
  Speaker 4: let's give them something we've never given them before. Let's
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  Speaker 4: open the game up. Everybody came here from their respective
• 1:55
  Speaker 4: homes to get information, and so that's what we're gonna
• 1:57
  Speaker 4: put out to the yunger with that.
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  Speaker 3: Absolutely yeah.
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  Speaker 5: Man.
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  Speaker 4: So obviously two three years ago, I'm not sure that
• 2:02
  Speaker 4: this could have happened, right, and so this is pretty
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  Speaker 4: incredible that financial literacy has packed south by Southwest. I
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  Speaker 4: want to know your thoughts on the trajectory of financial literacy,
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  Speaker 4: since you guys have been seeing this over the past
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  Speaker 4: two to three four years and we go aheaded with us.
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  Speaker 2: So before we start, I want to say something. I
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  Speaker 2: need everybody to say. Wall Street looks like US now.
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  Speaker 2: Wall Street looks like US now, Like I need you
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  Speaker 2: to say it and believe it. Wall Street looks like us. Now, okay,
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  Speaker 2: y'all believe it.
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  Speaker 3: That's a lot. That's I heard y'all since I've been here.
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  Speaker 2: So for me, you know, financial literacy is just understanding
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  Speaker 2: how to play the game the way that America plays
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  Speaker 2: the game. If you allow them, if you give them
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  Speaker 2: permission to feed you, then you get them permission to
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  Speaker 2: starve you.
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  Speaker 3: You know what I'm saying.
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  Speaker 2: And I don't know about y'all, but I don't give
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  Speaker 2: nobody that permission. So the goal for me, and when
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  Speaker 2: I look at financial literacy is how do I won
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  Speaker 2: play the game like America player.
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  Speaker 3: Which is the stock market? Right? Too? How do you buy?
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  Speaker 3: And then three how do you use credit?
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  Speaker 2: If you use those three things, you have now created
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  Speaker 2: a triangle offense, right, And so we got to get
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  Speaker 2: rid of the toxic relationships we have with money. Right,
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  Speaker 2: We got toxic relationships with money. One thing I've learned
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  Speaker 2: on my journey was that it's a stat that the
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  Speaker 2: average person spends the dollar and twenty five cent for
• 3:18
  Speaker 2: every dollar they make. So you think about every time
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  Speaker 2: you make four dollars, you already spent five, right, that's
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  Speaker 2: a recipe for staying in poverty. Right, So for me,
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  Speaker 2: financial literacy is the gateway to where we gotta go
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  Speaker 2: at right. I don't know about y'all, but it ain't
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  Speaker 2: fun being broke, right, y'all was homeless.
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  Speaker 3: It wasn't nothing fun about that.
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  Speaker 2: But somebody telling me act like I'm broke, I'd be like,
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  Speaker 2: hell no, I want to.
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  Speaker 3: Act like that. I live that shit cool, you know
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  Speaker 3: what I'm saying.
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  Speaker 2: So for me, it's always like using financial literacy as
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  Speaker 2: the key that unlocks the doors and the potential for
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  Speaker 2: all of us.
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  Speaker 3: Man flipping up for my.
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  Speaker 5: Guy and for me, I just want to make sure
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  Speaker 5: that we're getting the right information because all of a sudden,
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  Speaker 5: there's a lot of people that want to talk about
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  Speaker 5: it that are not that don't have the best intention
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  Speaker 5: for you.
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  Speaker 3: Guys, please remember this.
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  Speaker 5: Anyone that is trying to help you financially, make them
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  Speaker 5: make you money first.
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  Speaker 3: Before you do anything. That's why we do market mondays.
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  Speaker 5: You see them on IG Live every day, shows Ellen clapping.
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  Speaker 3: Up for him. Right.
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  Speaker 5: If a person truly and ladies, you know this more
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  Speaker 5: than anything, Right, if a person really wants to help you,
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  Speaker 5: they'll help you without receiving anything on the back end
• 4:30
  Speaker 5: at all a lot of times when people are coming
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  Speaker 5: to help but they need something on the back end,
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  Speaker 5: it's because they want to finesse you out of something.
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  Speaker 5: My job is to give you the most and if
• 4:39
  Speaker 5: I decide to run for president, which I want or
• 4:41
  Speaker 5: something like, Man, he pretty damn cool. He ran a
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  Speaker 5: little bit with the pineapple juice, bututher than that, he's straight.
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  Speaker 5: So I'm here to make you money. And the financial
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  Speaker 5: literally splace is gonna grow because I think we're tired
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  Speaker 5: of being So.
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  Speaker 3: Are you leading for leading to financial literacy stage? Man,
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  Speaker 3: that's that powerful words. I appreciate those.
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  Speaker 4: Here's the thing right Obviously, twenty twenty two was come
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  Speaker 4: stock market, which is something that we've invested in. It
• 5:05
  Speaker 4: show A Hans who's invested in stop market right now.
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  Speaker 4: We've had an amazing Yeah, shout out to everybody that's
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  Speaker 4: in it.
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  Speaker 3: Right.
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  Speaker 4: So, we've seen the SMP crumbled double digit percent losses,
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  Speaker 4: we've seen the Dow double digit percent losses. We've seen
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  Speaker 4: the NASSAC when we always talk about tech actually becoming
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  Speaker 4: a bare territory, so they're over twenty percent losses and
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  Speaker 4: so A lot of us, including myself, we're thinking to
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  Speaker 4: ourselfs like is this the time to invest?
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  Speaker 3: How do we invest? Where should we be investing?
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  Speaker 4: And trap one of the things you told me early on,
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  Speaker 4: I think the first time we met it was like, look,
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  Speaker 4: you always made.
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  Speaker 3: More money in the drought.
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  Speaker 4: Fact, so what should we be looking at if we're
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  Speaker 4: investing now or if we're like on the teeter of
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  Speaker 4: the fence, like you know what I want to get
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  Speaker 4: into markets? They told me on market money is hey,
• 5:45
  Speaker 4: when it's red, we shouldn't be scared, right, we should
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  Speaker 4: be bullished when that happens. But when we see these downtrends,
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  Speaker 4: just continuous and right, we've seen five to six weeks
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  Speaker 4: of downturn, what do we do when we see these
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  Speaker 4: type of things happening?
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  Speaker 2: So that is it's true you make more money in
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  Speaker 2: a drought, right, So it's when everything is scarce. So
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  Speaker 2: for me, I'm looking at one legal dope dealers. I'm
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  Speaker 2: just keeping the honey. I stick to who I am. Yeah,
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  Speaker 2: it ain't changing. So people like Eli Lilly, who the
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  Speaker 2: biggest insulin deal in the world, Right, they up thirty
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  Speaker 2: four percent in a year, Like that's that's unprecedented right
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  Speaker 2: now without being a tech company.
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  Speaker 3: Right.
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  Speaker 2: So I love like producers of pharmaceuticals, right, but only
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  Speaker 2: something that you can understand.
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  Speaker 3: That's first and foremost. Another thing I love is industrial.
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  Speaker 2: So when you look at somebody like Waste Management, right,
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  Speaker 2: that's a company that, no matter what's going on in economy,
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  Speaker 2: we won't get rid of trash.
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  Speaker 3: Right. America is the number one country of.
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  Speaker 2: Disposable stuff, right, so we waste more than anybody, right
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  Speaker 2: because everything is in abundance. So a company like Waste Management, like,
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  Speaker 2: I love that, right. But then also I'm a forward thinker, right,
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  Speaker 2: so I'm looking at how do we use money and
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  Speaker 2: how is that industry changing? So if everybody know trap,
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  Speaker 2: you know I love fintech, right, even though it's taking
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  Speaker 2: a beating right now, we still can look at it
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  Speaker 2: and say, okay, check this out.
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  Speaker 3: My brother he loves Square like that's his thing.
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  Speaker 2: I love PayPal, right, So what happens is this also
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  Speaker 2: ally financial?
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  Speaker 3: Right? It's another fintech company, right, you know what I'm saying.
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  Speaker 3: It's another fintech company.
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  Speaker 2: So fintech is a great industry to be in because
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  Speaker 2: you never look at a company that you invest in
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  Speaker 2: for what they're doing right now, because what they're doing
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  Speaker 2: right now, that price has been baked.
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  Speaker 3: In two years ago, right, Like take heed to that.
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  Speaker 2: Like, however, a company is performing right now, the price
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  Speaker 2: that it is now has been baked in from two
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  Speaker 2: years ago. So now you want to look at what
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  Speaker 2: do I see going on right now? What do I
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  Speaker 2: see them doing in the next two three years? You
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  Speaker 2: ain't got to go ten years. What are you seeing
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  Speaker 2: the next two three years? What do you see happening?
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  Speaker 2: On the flip side of this, Can everybody agree that
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  Speaker 2: the way we use money is different now?
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  Speaker 3: Right?
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  Speaker 2: Like one of the things Ian says that Square is
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  Speaker 2: the new JP Morgan, Right, But the way that they're
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  Speaker 2: setting themselves up is where you don't even have to
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  Speaker 2: go into bank no more. Right, So look at the
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  Speaker 2: way that is going When you got companies like Linden Tree,
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  Speaker 2: you got companies like a firm buy now, pay later,
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  Speaker 2: you know what I'm saying, like PayPal just partner with Amazon. Right,
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  Speaker 2: So seamless payment options are the future.
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  Speaker 3: So what if it's getting beat up right now? That's okay, right,
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  Speaker 3: because what.
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  Speaker 2: Happens is and knows time When you look back two
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  Speaker 2: years like like that that is up three thousand percent.
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  Speaker 2: You're like, damn, I should have the worst thing that
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  Speaker 2: you want to be as investors say I should have invested. Damn,
• 8:35
  Speaker 2: I should have not too late? Next you know what
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  Speaker 2: I'm saying. So that's that's what I look. That's what
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  Speaker 2: those are my big three right now.
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  Speaker 4: Yeah, And so in terms that we always talk about this,
• 8:43
  Speaker 4: do your homework, do your own research, And a lot
• 8:45
  Speaker 4: of people like, what's the homework? What should we be doing?
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  Speaker 4: How do we find a company that we want to
• 8:50
  Speaker 4: invest in? And so a lot of times it really
• 8:52
  Speaker 4: comes to a personal situation, like it just depends on
• 8:54
  Speaker 4: what your interest on.
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  Speaker 3: And so I'm interested here from both of y'all.
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  Speaker 4: When you're evaluating a company that you're going to invest in,
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  Speaker 4: looking at it, what's your process?
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  Speaker 3: Like, take us through the process.
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  Speaker 4: What I'm saying, all right, I'm looking at the fundamentals
• 9:05
  Speaker 4: or I'm looking at the technicals in this company.
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  Speaker 3: How do I find it? Right? Because most people, if
• 9:08
  Speaker 3: you ask.
• 9:09
  Speaker 4: Them, do they know Amazon, do they know Apple, do
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  Speaker 4: they know Tesla?
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  Speaker 3: They know these companies.
• 9:14
  Speaker 4: But a lot of times you guys come up with
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  Speaker 4: companies I'm like, damn, I even hear that one. So
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  Speaker 4: what's the process of y'all finding the companies that y'all
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  Speaker 4: eventually will invest in?
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  Speaker 3: Because Ian do a lot of technicals, so I'll let
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  Speaker 3: him go in first. Yeah. Well, I want you guys
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  Speaker 3: to write this down.
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  Speaker 5: Number one, you must invest in the top three sectors
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  Speaker 5: and only look at the top five companies. I know
• 9:35
  Speaker 5: you want to find the greatest version of Tesla in
• 9:37
  Speaker 5: twenty twenty four that's in China. You're going to lose
• 9:41
  Speaker 5: all of your money doing it, right. I know some
• 9:42
  Speaker 5: of you have even heard me say no doge no
• 9:45
  Speaker 5: Shiba man fucking he doesn't know and then it falls
• 9:49
  Speaker 5: apart and it's like, brother, I need to talk to
• 9:51
  Speaker 5: you after I'm down twenty nine thousand.
• 9:53
  Speaker 3: Told you right?
• 9:54
  Speaker 5: You only anybody here sports fans would you rather have
• 9:58
  Speaker 5: a top five draft pick or the eighty fifth best person?
• 10:03
  Speaker 5: So why when it comes to investing, you want to
• 10:06
  Speaker 5: get someone from a Juco over bron No slightly nobody
• 10:10
  Speaker 5: played Juko Doo, no company?
• 10:11
  Speaker 3: Right?
• 10:12
  Speaker 5: Then founder, management team, and this is most important, what
• 10:16
  Speaker 5: can this company do that no one else on earth
• 10:19
  Speaker 5: can do? So if I told you there is a
• 10:23
  Speaker 5: technology company in California right now, that gets thirty percent
• 10:28
  Speaker 5: of all the money that comes in from every business
• 10:31
  Speaker 5: on the earth.
• 10:31
  Speaker 3: That's important.
• 10:32
  Speaker 5: What you want to invest in that That one business
• 10:35
  Speaker 5: alone is Apples app store, but you don't want to
• 10:39
  Speaker 5: invest in it because of what number one advertising business
• 10:42
  Speaker 5: of all time is what Google?
• 10:45
  Speaker 3: We don't have to go.
• 10:46
  Speaker 5: Outside of those fifteen prominent companies and from there we're good.
• 10:50
  Speaker 5: And then also what is that net profit margin? That's
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  Speaker 5: key to me as well. Those are my three things.
• 10:56
  Speaker 2: So I think for me because I like going a
• 11:00
  Speaker 2: rabbit hole, right, that's I'll sit there and do it
• 11:03
  Speaker 2: all day every day. Again, this saved me, So my
• 11:07
  Speaker 2: my love food is different, you know what I'm saying.
• 11:10
  Speaker 2: Like this truly like took me out the streets for real.
• 11:13
  Speaker 2: So I go at it with that. So the first
• 11:16
  Speaker 2: thing I look at, the last thing I look at
• 11:18
  Speaker 2: is the stock price.
• 11:20
  Speaker 3: Like understand that because if you're looking at it supportant.
• 11:23
  Speaker 2: Yeah, if you're looking at the stock price, then you
• 11:25
  Speaker 2: automatically gonna base your decision on with the stock price
• 11:28
  Speaker 2: or that's too high, Right, that's gonna be the first Oh,
• 11:30
  Speaker 2: that's too You're gonna make a decision before doing the homework,
• 11:33
  Speaker 2: So make sure you look at the stock price last.
• 11:35
  Speaker 3: So one of the first things I want to look
• 11:37
  Speaker 3: at is.
• 11:39
  Speaker 2: Does this company have superior products and services? Like that's important,
• 11:44
  Speaker 2: Like does it have superior products?
• 11:47
  Speaker 3: Like can it stand up against its peers? Right? Like superior?
• 11:50
  Speaker 3: I need to know that. So I love waste management, right,
• 11:54
  Speaker 3: So why do I love it?
• 11:55
  Speaker 2: Well, they just purchased four hundred acres of landfill, right,
• 11:58
  Speaker 2: They just they got more land now than any of
• 12:00
  Speaker 2: their competitors, which means they gonna always be in business
• 12:02
  Speaker 2: and then a profit. Wilay's own a business is really good.
• 12:05
  Speaker 2: So that's that's important to me. I told you about
• 12:07
  Speaker 2: Eli Lilly. Why there's a number one producer of insulin
• 12:11
  Speaker 2: in the world, right, and America, you know, makes a
• 12:15
  Speaker 2: living off people not taking care of themselves. Let's just
• 12:17
  Speaker 2: be first of all, you got to understand the business
• 12:19
  Speaker 2: of America.
• 12:21
  Speaker 3: Let's get that.
• 12:22
  Speaker 2: Let's get that understood, Like America is a business, right,
• 12:25
  Speaker 2: and we betting on the business of America, right, So
• 12:27
  Speaker 2: superior products and services. The next thing I want to
• 12:30
  Speaker 2: look at is does the company have price and power?
• 12:32
  Speaker 3: So what do I mean by price and power?
• 12:34
  Speaker 2: Meaning a great company can increase prices three percent a year.
• 12:38
  Speaker 2: Inflation is high, so not a great business that normally
• 12:42
  Speaker 2: do three percent. Now they're doing seven and ten percent.
• 12:44
  Speaker 2: And guess what we're still doing buying it right? Everybody
• 12:47
  Speaker 2: loved your everybody loved name brands. Guess what LV and
• 12:51
  Speaker 2: mahe did increase the price about twelve percent this year.
• 12:53
  Speaker 3: Guess what we still did. Took pictures in that shit.
• 12:57
  Speaker 3: You feel me lined up after store, You feel me,
• 12:59
  Speaker 3: You feel you going Linux and them lines is far?
• 13:02
  Speaker 2: You go to them lines is far. So great companies
• 13:05
  Speaker 2: have pricing power. They can increase the prices by three
• 13:09
  Speaker 2: to four percent normally, but in times like this they're
• 13:12
  Speaker 2: doing seven to twelve percent.
• 13:13
  Speaker 3: Right.
• 13:14
  Speaker 2: So another thing would be like does the company have
• 13:18
  Speaker 2: great return on investments? So even though you understand the
• 13:22
  Speaker 2: core product of the business, you also got to ask
• 13:25
  Speaker 2: yourself this question. Just like you an investor, great businesses
• 13:29
  Speaker 2: invest You will look at Apples balance sheet. Their core
• 13:33
  Speaker 2: product is great, go look at the investments that they make.
• 13:36
  Speaker 2: It's the reason why they have one hundred and ninety
• 13:38
  Speaker 2: two billion dollars sitting on the side, right like Amazon
• 13:41
  Speaker 2: is the reason why they got thirty five billion dollars
• 13:43
  Speaker 2: sitting on the side.
• 13:44
  Speaker 3: So I like.
• 13:45
  Speaker 2: Companies that can also make money outside of their core
• 13:48
  Speaker 2: product because now I know they not one dimension them.
• 13:51
  Speaker 3: So that's kind of important for me.
• 13:53
  Speaker 2: And having the last one is my bad of just
• 13:56
  Speaker 2: lifetime customers. I love a business is that no matter what,
• 14:01
  Speaker 2: you ain't going no where, right, that means you got
• 14:06
  Speaker 2: some good dope.
• 14:08
  Speaker 3: You know.
• 14:08
  Speaker 4: It's interesting because one of the things it don't come
• 14:10
  Speaker 4: when you said you said your last thing.
• 14:13
  Speaker 2: Hey, finance this friendly over here, there's like, yeah, no,
• 14:16
  Speaker 2: y'all don't want that trap shit.
• 14:18
  Speaker 4: Lo lord check this out, check us out, because you
• 14:20
  Speaker 4: said your last thing. But one of the most important
• 14:22
  Speaker 4: things you taught me. And it's cool and no shaming
• 14:25
  Speaker 4: that right. We teach each other, We learn from each other.
• 14:27
  Speaker 4: You said the moat was your thing, and you said
• 14:30
  Speaker 4: the competitive advantage. I want you to tell the people
• 14:31
  Speaker 4: about the importance of having a moat in your industry.
• 14:34
  Speaker 3: So that's that's that's one of the things like a
• 14:36
  Speaker 3: moat is.
• 14:37
  Speaker 2: So you know, it's easy to say, like you look
• 14:38
  Speaker 2: at a castle, you know, you look at how easy
• 14:41
  Speaker 2: it How easy is it.
• 14:43
  Speaker 3: For a company to get into that castle?
• 14:46
  Speaker 2: Right, So think about Joshua, just think this, think Bible, right,
• 14:52
  Speaker 2: Joshua had to walk around, he had to get a
• 14:53
  Speaker 2: sign from God, Like, Yo, how do I penetrate that
• 14:56
  Speaker 2: wall to get into this land? Like, there's nothing we
• 14:58
  Speaker 2: can do to get into that land. It's because had
• 15:00
  Speaker 2: a big old moat. While you need a god to
• 15:02
  Speaker 2: break that thing down, you feel, I'm saying. So you
• 15:03
  Speaker 2: think about a company the same way, like what does
• 15:06
  Speaker 2: this company have that is so superior that it takes
• 15:10
  Speaker 2: it would kill its competitor to even try to get there?
• 15:14
  Speaker 3: Right?
• 15:14
  Speaker 2: So if you think about Apple, right, like, there's they
• 15:18
  Speaker 2: have multiple moats. So one thing Apple keep increasing the prices,
• 15:22
  Speaker 2: but guess what we keep doing.
• 15:24
  Speaker 3: Keep buying it.
• 15:24
  Speaker 2: I came home in two thousand and seven. I bought
• 15:26
  Speaker 2: an iPhone in two thousand and eight. It's twenty twenty two.
• 15:29
  Speaker 2: I've bought every iPhone. Who else did the same shit.
• 15:32
  Speaker 4: You do it all without breaking a sweat, and you
• 15:35
  Speaker 4: do it all in style, from being a boss exec
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• 16:25
  Speaker 2: All right, cool, right, you know what I'm saying. So
• 16:27
  Speaker 2: you think about that, You think about a company like.
• 16:29
  Speaker 3: YouTube, right? YouTube has a great mode.
• 16:32
  Speaker 2: Why because every time you Google something, what do you
• 16:35
  Speaker 2: I'm going google it? I don't even kep you on
• 16:36
  Speaker 2: Safari and look it up. You're gonna say, I'm a googleer.
• 16:39
  Speaker 2: You on Safari? Bro, You're gonna search that You're not
• 16:41
  Speaker 2: even on Google, you know what I'm saying.
• 16:44
  Speaker 3: So that is because they have the largest search engine.
• 16:47
  Speaker 2: They pay Apple nine billion dollars a year to be
• 16:51
  Speaker 2: the number one search engine on Apple. Apple search engine
• 16:54
  Speaker 2: is Safari, but Google pays them nine billion dollars a
• 16:58
  Speaker 2: year to be the number one search engine.
• 17:00
  Speaker 3: That is a mote in itself, right.
• 17:02
  Speaker 2: So anytime a company has a superior product that their competitors.
• 17:06
  Speaker 3: Cannot knock down, that's why I won't be at you.
• 17:09
  Speaker 2: Know why, because that mean they're gonna be a business
• 17:11
  Speaker 2: for a long time. The biggest mode that I think
• 17:14
  Speaker 2: a company has is debt. A company that don't got
• 17:18
  Speaker 2: no debt is a company that can't go out of business,
• 17:21
  Speaker 2: you know what I'm saying. So that's one of the
• 17:22
  Speaker 2: things on one more time. They didn't like it, but
• 17:24
  Speaker 2: say it one more time. A company that don't have
• 17:27
  Speaker 2: no debt can't go out of business.
• 17:28
  Speaker 5: And one thing, and then for the time that we're
• 17:31
  Speaker 5: in a crisis, you have to think if China becomes
• 17:35
  Speaker 5: the number one superpower on Earth, which is on the way,
• 17:38
  Speaker 5: what companies will be able to survive that provide value
• 17:43
  Speaker 5: to the ecosystem to stay alive and still give you money?
• 17:46
  Speaker 3: Is not going to do that?
• 17:47
  Speaker 4: Troy, Can we talk about because I mean, I'm glad
• 17:49
  Speaker 4: you brought the word crisis up because obviously we've seen
• 17:52
  Speaker 4: the crisis that's happening in Ukraine and Russia, and we'll.
• 17:54
  Speaker 3: Talk about it in a sect.
• 17:55
  Speaker 4: But yesterday everybody was sitting around their TV waiting for
• 17:59
  Speaker 4: two o'clock. Happened, right, we were waiting, We wait for
• 18:01
  Speaker 4: Jerome Powell to talk, and we're like the anticipation capt buildings, right.
• 18:05
  Speaker 4: And so yesterday the Federal Reserve announce that they're gonna
• 18:08
  Speaker 4: have interest hikes, uh, interest rate hikes potentially seventh throughout
• 18:12
  Speaker 4: the year. And so for the average listener, they're probably like,
• 18:15
  Speaker 4: what does that even mean? So could y'all break that down?
• 18:17
  Speaker 3: What? What? What does it mean?
• 18:18
  Speaker 4: What will be the impact on the average person or
• 18:20
  Speaker 4: the average investor when we hear that type of news,
• 18:22
  Speaker 4: Because after the announcement, we saw that the stock market
• 18:26
  Speaker 4: actually had a nice little bounce, could have been a
• 18:28
  Speaker 4: dead cat bounce, which we spoke about the other day,
• 18:30
  Speaker 4: But what does that mean for the average person?
• 18:33
  Speaker 3: Hey, y'all getting information right now? Y'all like this? I
• 18:38
  Speaker 3: like this shit. Come on, let's go, Hey, Mike, God
• 18:41
  Speaker 3: bad family, let's go. Uh.
• 18:47
  Speaker 2: So we was actually on the plane, me and me
• 18:50
  Speaker 2: bam and Mike. We was on the plane and we
• 18:53
  Speaker 2: looked at it like we see that, And I'm like,
• 18:55
  Speaker 2: I was pissed off on a plane because I was like,
• 18:59
  Speaker 2: so I get mad at a martor all the time,
• 19:02
  Speaker 2: all the time. So I'm like, man, why they tripping?
• 19:05
  Speaker 2: They already knew the man was gonna hike rates. Why
• 19:08
  Speaker 2: why is we going through this? You know what I'm saying,
• 19:10
  Speaker 2: Like this thing should be running because it's already priced in.
• 19:13
  Speaker 3: So for a second, let's just talk about rate hikes.
• 19:16
  Speaker 2: Right, everybody knows what inflation is, right, so you understand
• 19:20
  Speaker 2: that the more that America prints money, the more your
• 19:22
  Speaker 2: money loses value.
• 19:23
  Speaker 3: Everybody understand that, right, right, So.
• 19:25
  Speaker 2: If you go to usdet clock dot org, write that
• 19:28
  Speaker 2: down every day, just take a look at that.
• 19:29
  Speaker 3: That's gonna be your motivation to keep making money. I
• 19:32
  Speaker 3: promise it. If you go to usdet clock.
• 19:34
  Speaker 2: Dot org, you will see that America's debt right now
• 19:37
  Speaker 2: is thirty trillion dollars ain't counting. I look at it
• 19:41
  Speaker 2: every day, So that thirty trillion, three hundred and fifty
• 19:44
  Speaker 2: six billion, two hundred and seventy five million, and like
• 19:48
  Speaker 2: one hundred and thirty seven thousand, right, and to keep
• 19:50
  Speaker 2: ticking right. I look at it multiple times a day
• 19:52
  Speaker 2: to make sure I ain't tripping. That's my motivation because
• 19:54
  Speaker 2: I know that as long as they printing money, I
• 19:57
  Speaker 2: got to print money because if I ain't print money,
• 19:59
  Speaker 2: I'm getting poor.
• 20:00
  Speaker 3: I don't know about y'all. Again, it goes back to
• 20:01
  Speaker 3: I don't that won't be polled. Right. So what happens
• 20:05
  Speaker 3: with inflation is.
• 20:07
  Speaker 2: Forty seven percent of the money that's in circulation right
• 20:10
  Speaker 2: now has been printed in the last two years. Think
• 20:12
  Speaker 2: about that. So something that cost you one hundred dollars
• 20:15
  Speaker 2: in twenty nineteen now cost.
• 20:17
  Speaker 3: You one hundred and seven dollars. I want you to
• 20:20
  Speaker 3: sit on that for a second.
• 20:22
  Speaker 2: Something that cost you one hundred dollars in twenty nineteen
• 20:25
  Speaker 2: now cost you one hundred and seven dollars and sixteen cent.
• 20:30
  Speaker 3: Sit on that. How many people right now? Just realistic.
• 20:35
  Speaker 3: You don't got to raise your hand.
• 20:37
  Speaker 2: What you get paid from twenty nineteen to now has increased.
• 20:40
  Speaker 2: You don't got to raise your hand. That that shit
• 20:43
  Speaker 2: sitting your spirit right quick? Damn my job playing on
• 20:46
  Speaker 2: me or what I'm doing. If you ain't making more
• 20:48
  Speaker 2: money from twenty nineteen. You're putting yourself in a birth situation.
• 20:52
  Speaker 2: Why because they keep printing money, right, So a seven
• 20:56
  Speaker 2: dollars increase in two years is a lot of money, y'all,
• 21:00
  Speaker 2: feel me. So what rate hikes do is they help
• 21:03
  Speaker 2: balance the inflation as they increase rates. What now happens
• 21:08
  Speaker 2: is there's a thing called the Fed Fund rate. The
• 21:12
  Speaker 2: Fed Fund rate is the rate at which two banks
• 21:15
  Speaker 2: lend money to each other overnight. Right, And so now
• 21:18
  Speaker 2: what happens is the bank now gives us a rate
• 21:23
  Speaker 2: based on our adult report card credit school shout out
• 21:26
  Speaker 2: with my brother five hundred right credit score.
• 21:29
  Speaker 3: So now because.
• 21:31
  Speaker 2: The interest rate went up, the bank now is going
• 21:34
  Speaker 2: to charge you more money than loan money. And so
• 21:36
  Speaker 2: now businesses and people like wait, hold up, they charged
• 21:39
  Speaker 2: me a lot of money. You know what, I really
• 21:41
  Speaker 2: don't need that loan right now. So because you stop spending,
• 21:44
  Speaker 2: that now helps inflation. So now over the next twelve months,
• 21:49
  Speaker 2: you'll get five of those. So say, right, so we
• 21:54
  Speaker 2: need them to slow down with printing money so he
• 21:57
  Speaker 2: can balance out the economy.
• 21:59
  Speaker 3: They'll hurt y'all.
• 22:00
  Speaker 2: That was a dope play by play. This ship is good.
• 22:03
  Speaker 2: Lie here clap up our brother shot that what's up brother?
• 22:08
  Speaker 3: That dude?
• 22:09
  Speaker 2: Two goddamn cool for me, absolutely, and I'm gonna add
• 22:13
  Speaker 2: to us.
• 22:13
  Speaker 4: I'm gonna I'm get the second part of the question
• 22:14
  Speaker 4: because you talked about inflation, right, and obviously if we
• 22:16
  Speaker 4: don't know, obviously the cost of the goods that we
• 22:19
  Speaker 4: want obviously will go.
• 22:20
  Speaker 3: Up in pricing, and so we will see inflation.
• 22:22
  Speaker 4: That record has people started to think of that all
• 22:25
  Speaker 4: our word and we only like that our word when we.
• 22:28
  Speaker 3: Listen to Young Jeezy. So are we headed in the
• 22:33
  Speaker 3: direction of a recession of recession?
• 22:35
  Speaker 4: And what are the signs that we need to look
• 22:37
  Speaker 4: at before we get there to say, all right, let's
• 22:39
  Speaker 4: prepare ourselves in the event.
• 22:42
  Speaker 5: I want you guys to stand up, oh ship, no,
• 22:46
  Speaker 5: for real, stand up in your spirit. When you walk
• 22:49
  Speaker 5: around any city, does it feel like the economy is
• 22:52
  Speaker 5: doing better and people are spending more or less? So
• 22:56
  Speaker 5: are we headed to a recession or no? Say aloud,
• 23:00
  Speaker 5: you can sit down. Yes we're close to recession. But
• 23:06
  Speaker 5: here's the thing. What people don't normally tell you is
• 23:10
  Speaker 5: incredible fortunes are made during the recession. The bad part
• 23:14
  Speaker 5: is suicide rates go up. Domestic violence goes up, child
• 23:19
  Speaker 5: abuse goes up, suicide rates go.
• 23:21
  Speaker 3: Up, crime crime. Absolutely.
• 23:23
  Speaker 5: So if you're not helping the people and feed the wolves,
• 23:26
  Speaker 5: you may be pray. But if we hit a recession,
• 23:31
  Speaker 5: the man in here, your woman, mom, grandma doesn't give
• 23:35
  Speaker 5: a fuck that it's a recession. You have to pay bills, right.
• 23:41
  Speaker 5: No one loves men unconditionally. Right unless you provide and
• 23:46
  Speaker 5: I know something, you go be like, no, that's not true.
• 23:49
  Speaker 5: Fellas make a few calls man, right, So when this
• 23:52
  Speaker 5: recession comes, you have to be prepared. Also, I'm gonna
• 23:55
  Speaker 5: be honest. With this market falling apart, if you're able
• 23:58
  Speaker 5: to short term invest in futures mark, you should be
• 24:01
  Speaker 5: making more money now than ever. So es, please write
• 24:05
  Speaker 5: this down s and P five hundred future forty ticks.
• 24:10
  Speaker 5: If you do twenty five contracts to that, that's twelve thousand,
• 24:13
  Speaker 5: five hundred ZBA up are the bond market. So if
• 24:17
  Speaker 5: when the market took up to the off side yesterday,
• 24:19
  Speaker 5: the bond market fil twenty five contracts apiece forty tis
• 24:24
  Speaker 5: thirty one thousand, two fifty per there's some people in here,
• 24:28
  Speaker 5: they won't say, some snipers that made fifty and sixty
• 24:31
  Speaker 5: thousand yesterday.
• 24:32
  Speaker 3: How do you hold on to the market when the
• 24:34
  Speaker 3: market's falling? Apart earners? What's up?
• 24:37
  Speaker 4: You ever walk into a small business and everything just
• 24:40
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• 27:26
  Speaker 5: You have to be able to invest in every market.
• 27:28
  Speaker 5: Investing in one thing is the biggest mistake you can make.
• 27:33
  Speaker 5: Long term first, then swing, then short term investing, then
• 27:37
  Speaker 5: hit My brother, get it to land right. You have
• 27:39
  Speaker 5: to have so many assets what I'll call a wealth
• 27:41
  Speaker 5: fortress go on for you that no matter what happens
• 27:44
  Speaker 5: in the marketplace, you're never going to go broke and
• 27:46
  Speaker 5: your portfolio is never down.
• 27:48
  Speaker 3: Is it tough? Yes?
• 27:50
  Speaker 5: But when I got started in a recession, I said
• 27:53
  Speaker 5: to my baby's over there, Zanda, can you stand up?
• 27:57
  Speaker 3: Hey? I love you, Dan? Why are you big? Me?
• 28:00
  Speaker 5: Bro?
• 28:00
  Speaker 3: I've been letting you watch shows all day. What we
• 28:03
  Speaker 3: doing right?
• 28:05
  Speaker 5: But when that lady took that money from me? The
• 28:08
  Speaker 5: eighty thousand that she Oh, I know y'all heard me
• 28:10
  Speaker 5: tell the story. I said, I'll never let no personal
• 28:12
  Speaker 5: earth take shit from him.
• 28:15
  Speaker 3: Kill me First, you have to provide it all costs.
• 28:18
  Speaker 5: So when a recession happens, I'm like, damn, Now I
• 28:21
  Speaker 5: get to build a big base and get tens of
• 28:23
  Speaker 5: thousands of shares opposed to buy.
• 28:25
  Speaker 3: Too high and only being able to get a hundred.
• 28:28
  Speaker 5: But that has to be your drive to get wealthy
• 28:31
  Speaker 5: when the recession happens.
• 28:32
  Speaker 3: Let me add something to that, Troy. So another thing too,
• 28:36
  Speaker 3: is I love this shit. Yeah. So this is this
• 28:41
  Speaker 3: thing called the inverted yield curve.
• 28:44
  Speaker 2: Yes, right, And so a simple way to look at
• 28:48
  Speaker 2: that is saying, when short term bonds so let me
• 28:52
  Speaker 2: let me back up a little bit. So normally, when
• 28:55
  Speaker 2: things get real in the market, investors run to long
• 28:59
  Speaker 2: term bonds.
• 29:00
  Speaker 3: It's a safe heaven.
• 29:02
  Speaker 2: When short term bonds are now more profitable than long
• 29:06
  Speaker 2: term bonds, it tells you that the recession is knocking
• 29:09
  Speaker 2: on the door.
• 29:11
  Speaker 3: If you can remember that, you're good. You're good.
• 29:15
  Speaker 2: Whenever short term bonds are more attractive than long term bonds.
• 29:20
  Speaker 2: When it crosses over, you are now at the front door,
• 29:24
  Speaker 2: like you don't even got to guess about it.
• 29:25
  Speaker 3: The moment is at your door, looking at you in
• 29:27
  Speaker 3: your face.
• 29:28
  Speaker 2: And then what happens is if you don't know how
• 29:32
  Speaker 2: to trade options, if you don't know how to be
• 29:35
  Speaker 2: a sniper yet, you can look at what I call
• 29:39
  Speaker 2: what it is called inverse ETFs. Right, So one, what
• 29:43
  Speaker 2: happens is they are leveraged. So if the stock goes
• 29:47
  Speaker 2: down one dollar, you make two dollars. The stock goes
• 29:50
  Speaker 2: down two dollars, you make four dollars. Stock go down
• 29:54
  Speaker 2: four dollars, you can make eight dollars, depending on which
• 29:56
  Speaker 2: one you have.
• 29:57
  Speaker 3: If you just want to bet.
• 29:59
  Speaker 2: On the S and P five hundred, you can get
• 30:02
  Speaker 2: sp X.
• 30:03
  Speaker 3: Right, it's a triple leveraged et up.
• 30:06
  Speaker 2: So the stock of the SPE hundred is sm P
• 30:08
  Speaker 2: without one dollar, you'll make three dollars.
• 30:10
  Speaker 3: But it's those are short term. You don't hold them
• 30:12
  Speaker 3: for months, only hold it for five. You gotta say
• 30:16
  Speaker 3: that part. Only hold days. It's really flipped this up.
• 30:20
  Speaker 3: It's only holding.
• 30:23
  Speaker 4: You gotta say that part because when people who are
• 30:27
  Speaker 4: not experiencing the space and they look at that inverted
• 30:30
  Speaker 4: piece and they're like, all right, well s and p
• 30:32
  Speaker 4: has been down for three weeks.
• 30:33
  Speaker 3: This is my time.
• 30:34
  Speaker 4: I'm gonna make this call for another three weeks out
• 30:36
  Speaker 4: and it's like, oh, it flips that quick.
• 30:39
  Speaker 3: You lose all your money. You lose it. You know
• 30:41
  Speaker 3: the importance of having what you said five to seven days, Yeah,
• 30:44
  Speaker 3: five to seven days.
• 30:44
  Speaker 2: It is always a short term holding if you want
• 30:46
  Speaker 2: to hold the Nash deck because the nastack typically gets
• 30:49
  Speaker 2: hit harder because every time there's some type of disruption
• 30:52
  Speaker 2: in the economy, tech is always going to be hit.
• 30:55
  Speaker 2: So you could get sqq q right, and so when
• 30:58
  Speaker 2: you feel in bulletshit about the nashtack, you can go
• 31:01
  Speaker 2: with tqqq we ain't wearing about to fifteen minutes.
• 31:04
  Speaker 3: Man, don't do my guy like that. Or uvx Y.
• 31:07
  Speaker 3: That's one that I always tell everybody in Red Panda.
• 31:10
  Speaker 3: Uv x Y is avixed.
• 31:11
  Speaker 5: So when volatility is going crazy, can I be honest
• 31:14
  Speaker 5: with y'all.
• 31:15
  Speaker 3: There's no such thing as the bad market. That is
• 31:18
  Speaker 3: a fact. Only bad entries into it trap always jumping.
• 31:22
  Speaker 5: So if our market is falling, volatility is going up,
• 31:26
  Speaker 5: you can invest in volatility, or gold may go up
• 31:29
  Speaker 5: or wheat.
• 31:30
  Speaker 3: There's always something that's going to go up to the
• 31:32
  Speaker 3: upside out.
• 31:33
  Speaker 4: No, no, stay right there, stay right there, because that's very
• 31:36
  Speaker 4: important I put that.
• 31:37
  Speaker 3: I'm like, all right, bet.
• 31:38
  Speaker 4: A lot of times when when people see inflation and
• 31:41
  Speaker 4: they hear inflation, right, they start looking for save favors.
• 31:43
  Speaker 3: Right, you said, like bond The bond market is one
• 31:45
  Speaker 3: of those things.
• 31:45
  Speaker 4: Commodities over the past three weeks, something that everybody's been
• 31:48
  Speaker 4: talking about. So I'm glad that he said wet right,
• 31:50
  Speaker 4: because most times people think commodities, we hear gold, we
• 31:53
  Speaker 4: know that right, we hear silver, We saw that all
• 31:56
  Speaker 4: time records over the past two weeks, we hear oil, right,
• 31:59
  Speaker 4: oil got.
• 31:59
  Speaker 3: To one thirty.
• 32:00
  Speaker 4: Shout out to Jests for calling and making that call right,
• 32:02
  Speaker 4: And now it's pull back a little bit.
• 32:04
  Speaker 3: But I said, Yo, this is interesting.
• 32:05
  Speaker 4: Right because I wonder if people here right here in Austin,
• 32:09
  Speaker 4: Texas and the Midwest wonder about the other commodities that
• 32:11
  Speaker 4: are on that list. We right, dairy right, con right,
• 32:17
  Speaker 4: so all these other things. So talk about the importance
• 32:19
  Speaker 4: of big fact diversifying your portfolio and commodities and how
• 32:24
  Speaker 4: do you even invest in them? Because most people like
• 32:26
  Speaker 4: they'll ask, well, how do I invest in weed?
• 32:29
  Speaker 3: Where do I go to do that? That's kind of.
• 32:31
  Speaker 2: Let Ian kill that because that is that is the
• 32:33
  Speaker 2: basis of futures right there. But I will say, like
• 32:36
  Speaker 2: I've made a lot of money, my trappers. I've made
• 32:38
  Speaker 2: a lot of money. Three weeks ago, I was like, Yo,
• 32:41
  Speaker 2: let's get some options on xl E and then.
• 32:43
  Speaker 3: Let's get some the energy ETF.
• 32:47
  Speaker 2: Please write that down, Spider fund it the energy ets
• 32:50
  Speaker 2: So we made a lot of money on that because
• 32:52
  Speaker 2: and I talked, I'm like, yo, all about to go
• 32:53
  Speaker 2: over one hundred dollars and the shopped to one ten.
• 32:56
  Speaker 3: I was like, yo, let's make some bread.
• 32:58
  Speaker 2: And then we went short term with GUSH, which was
• 33:01
  Speaker 2: a triple leveraged ETF. Well, we held it for a
• 33:05
  Speaker 2: week at a time, and I think we ran up.
• 33:07
  Speaker 2: I ran up like ten thousand dollars in like five days.
• 33:10
  Speaker 2: I backed off nine cost me a lot, But I
• 33:12
  Speaker 2: mean prices what you paid, values what you get.
• 33:15
  Speaker 3: So we understood that. So I just played the oil.
• 33:17
  Speaker 2: Sector because war means chaos, and when you see war,
• 33:21
  Speaker 2: the first thing I always think of is there's going
• 33:23
  Speaker 2: to be a high supply, a high demand, low supply
• 33:27
  Speaker 2: in oil. Nobody wants to be shipping oil while people
• 33:30
  Speaker 2: running bombs across each other head, so oil is always
• 33:33
  Speaker 2: going to hit when there's a war on the commodity side.
• 33:38
  Speaker 4: Everyone has an opinion when it comes to the foods
• 33:40
  Speaker 4: we eat. This food's good for you, this one's bad
• 33:43
  Speaker 4: for you, this diet works best.
• 33:45
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• 33:47
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• 33:49
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• 33:55
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• 33:58
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• 34:01
  Speaker 4: keep going. Not everyone wants to be on a strict diet,
• 34:04
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• 34:07
  Speaker 4: daily smoothies and crushable teas. NOOM uses as a psychology based
• 34:10
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• 34:13
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• 34:15
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• 34:16
  Speaker 4: Noom's already influenced the way I shot for food, which
• 34:18
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• 34:20
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• 34:23
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• 34:26
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• 34:29
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• 34:33
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• 34:46
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  Speaker 4: noom dot com slash leisure. That's n M dot com
• 35:03
  Speaker 4: slash leision. Don't wait, don't hesitate it over.
• 35:05
  Speaker 3: There now so you can look at oats.
• 35:08
  Speaker 5: Do you know you can trade coffee, gold, oil, cattle,
• 35:14
  Speaker 5: so Billy man poor, almost everything that we may eat
• 35:18
  Speaker 5: or consume.
• 35:19
  Speaker 6: That's why big facts. So that's why you trade it.
• 35:22
  Speaker 6: Big facts were traded only right, just an investment, So
• 35:26
  Speaker 6: moral investing. I'm gonna be very honest. In a recession
• 35:29
  Speaker 6: or any down market, I'm happiest, Oh my god, like
• 35:33
  Speaker 6: have you ever seen the opportunity so big, and most
• 35:37
  Speaker 6: people are passing it by. When the market is dropping,
• 35:40
  Speaker 6: notice that all the billionaires and millionaires go quiet because
• 35:43
  Speaker 6: they're actively investing.
• 35:45
  Speaker 5: Just told yo on the oil move. Y'all saw her
• 35:48
  Speaker 5: hair laid loop of tan's on this going here?
• 35:51
  Speaker 3: It went there? Did you follow? Right?
• 35:54
  Speaker 5: You have to follow because most people that are rich
• 35:56
  Speaker 5: cannot be super real with y'all. Any investment or money
• 35:59
  Speaker 5: making secret is to be kept inside of a family
• 36:01
  Speaker 5: and not share.
• 36:02
  Speaker 3: Oh that's facts. They're not supposed to go and.
• 36:04
  Speaker 5: See and bit see and share anything with you, not
• 36:07
  Speaker 5: one thing. So take all of this information and pair
• 36:09
  Speaker 5: it together. And when the market falls apart, look at lumber,
• 36:13
  Speaker 5: look at crude, look at gold, look at oil, look
• 36:17
  Speaker 5: at natural gas. Look at the VX, which is the
• 36:20
  Speaker 5: volatility futures. So if the market is falling apart and
• 36:23
  Speaker 5: they're like, oh my god, Putin is gonna take over,
• 36:26
  Speaker 5: VICS will probably shoot to three hundred. Great, let me
• 36:29
  Speaker 5: ride that up, because once again, at all costs, I gotta.
• 36:32
  Speaker 3: Take care of his chewed ass.
• 36:35
  Speaker 5: The reason why some of you have not been dedicated
• 36:37
  Speaker 5: to this because you don't have a why big enough,
• 36:39
  Speaker 5: or you don't feel that you're worthy to be rich.
• 36:42
  Speaker 3: I see it in some of y'all energy.
• 36:45
  Speaker 5: You deserve this damn near Oh y'all smarter than me.
• 36:49
  Speaker 5: Here's what does not happen.
• 36:52
  Speaker 3: This. I be real, We'll go party.
• 36:54
  Speaker 5: I'll miss being an intern for Troy, But when we
• 36:57
  Speaker 5: get in at five, I'm still in the market three
• 36:59
  Speaker 5: four hours. Treat this like it's the most important thing
• 37:03
  Speaker 5: that you're ever going to come across, because guess what
• 37:05
  Speaker 5: most of us sitting in here, we were not exposed
• 37:08
  Speaker 5: to this intentionally. Right, So when you pair all those
• 37:13
  Speaker 5: commodities together and you're able to trade, especially my snipers
• 37:16
  Speaker 5: in here, you should never be in a recession under
• 37:18
  Speaker 5: no circumstances. And it's one of the best feelings on
• 37:21
  Speaker 5: earth to never have to worry about your portfolio being down.
• 37:24
  Speaker 3: Let me say this before we go trup, before we
• 37:26
  Speaker 3: get to the next thing.
• 37:27
  Speaker 2: I want you to understand this, and it's real talk, right,
• 37:30
  Speaker 2: like the stock market is a machine that teaches us
• 37:33
  Speaker 2: how to print money.
• 37:35
  Speaker 3: But also if you don't, this is real talk.
• 37:38
  Speaker 2: So my daal I like how you talk about one
• 37:40
  Speaker 2: thing you understand is like you're dead longer than you're alive.
• 37:44
  Speaker 2: Let's put that in our head, right, quay, Right, So
• 37:46
  Speaker 2: when people say wealthy people are greedy, no, they just
• 37:48
  Speaker 2: making sure they got money for the next few generations.
• 37:51
  Speaker 3: Right.
• 37:51
  Speaker 2: You call me greedy all you want, but as long
• 37:53
  Speaker 2: as that machine printing money, I gotta collect money to
• 37:55
  Speaker 2: make sure every generation is good.
• 37:57
  Speaker 3: I want you to understand this.
• 37:58
  Speaker 2: If you don't get into financial literacy, you don't learn
• 38:01
  Speaker 2: how to use this market. You a one giving birth
• 38:04
  Speaker 2: to the next generation of slaves. I want you to
• 38:08
  Speaker 2: sit on that.
• 38:09
  Speaker 5: Let me tie you in now with automation, you guys
• 38:13
  Speaker 5: have understand the change from two thousand to now and
• 38:15
  Speaker 5: how to even apply for a job. There's a bunch
• 38:18
  Speaker 5: of loopholes you have to jump through to even get
• 38:20
  Speaker 5: to the interview process. By twenty thirty, they want to
• 38:23
  Speaker 5: automate damn near every job on Earth. So while, and
• 38:28
  Speaker 5: I'll say this to an NFT space and all that,
• 38:31
  Speaker 5: do you guys realize for the last two years they
• 38:35
  Speaker 5: got black people to invest in monkeys and dogs while
• 38:39
  Speaker 5: making fun of us and taking our money from us.
• 38:43
  Speaker 3: But Doge was going to the moon.
• 38:46
  Speaker 5: You have to Okay, now go when y'all get done,
• 38:49
  Speaker 5: go look at board ape yacht club and go see
• 38:53
  Speaker 5: the imagery of how it's connected to Nazism.
• 38:58
  Speaker 3: It's damn near the same imagery.
• 39:00
  Speaker 5: But they know we won't study long enough to say,
• 39:03
  Speaker 5: and now look how many billions of dollars they've made
• 39:05
  Speaker 5: off of us in our culture, and then the music
• 39:08
  Speaker 5: industry gonna come in with more NFTs and continue to
• 39:12
  Speaker 5: rob us.
• 39:13
  Speaker 3: All we need is us.
• 39:15
  Speaker 5: And if we study this shit and know this like
• 39:17
  Speaker 5: the back of our hand and have the same debates
• 39:19
  Speaker 5: about Lebron versus Jordan, We're not gonna do that here tonight, right,
• 39:23
  Speaker 5: But we have to know this market the same way
• 39:25
  Speaker 5: that we know sports.
• 39:26
  Speaker 3: If we want to be free.
• 39:27
  Speaker 4: That's that's important. Yeah, shout shouts to shout to eyl
• 39:31
  Speaker 4: Alum Chris Senegogu walked in the building without Chris.
• 39:34
  Speaker 3: Chris is super legend. Each town onned by the block
• 39:36
  Speaker 3: for real.
• 39:37
  Speaker 4: So we talk about crisis, right, and obviously we'd be
• 39:41
  Speaker 4: remiss to ignore what's happening in Ukraine and Russia, the
• 39:44
  Speaker 4: conflict that has happening there, and then the headlines is
• 39:46
  Speaker 4: you know, we can't hide from it, right. But one
• 39:49
  Speaker 4: of the underlying themes that people I think kind of
• 39:52
  Speaker 4: missing is the cybersecurity component of it, right, Because when
• 39:55
  Speaker 4: you talk about seizing accounts and closing accounts, right, then
• 39:59
  Speaker 4: people pop will start to get resilient and figure out
• 40:02
  Speaker 4: a way to how they're going to get money.
• 40:03
  Speaker 3: Right, it might be through crypto, but it might be
• 40:05
  Speaker 3: some other ways.
• 40:06
  Speaker 4: So can we talk about the importance, especially in times
• 40:08
  Speaker 4: of crisis of having cybersecurity. I know, the CEO CrowdStrike
• 40:12
  Speaker 4: was on CNBC the other morning and he was just saying,
• 40:14
  Speaker 4: like the level of fraud that he's seeing right now
• 40:18
  Speaker 4: is at an all time high. It's like a forty
• 40:20
  Speaker 4: two percent increase in incidents. So talk about the importance
• 40:22
  Speaker 4: of cybersecurity.
• 40:23
  Speaker 2: So y'all know, I've been like we talked about crist
• 40:27
  Speaker 2: trick at I think fifty seven dollars when I went
• 40:29
  Speaker 2: on EEL one time, and I was like, Yo, this
• 40:31
  Speaker 2: is going to be a leading industry, right, yeah, right,
• 40:34
  Speaker 2: So the greatest way to make money in the market
• 40:36
  Speaker 2: to see what's going on in the future, right, the
• 40:38
  Speaker 2: way war is changing. So the US now spends one
• 40:43
  Speaker 2: they say, right now they're spending one point five trillion
• 40:47
  Speaker 2: dollars on cybersecurity. They're having an estimated insurance cost of
• 40:54
  Speaker 2: full trillion dollars a year. That's in the last three years, right,
• 41:00
  Speaker 2: getting small and learning how to hack Russia Iran. Iran
• 41:06
  Speaker 2: leads the world in technology. In order to be a
• 41:08
  Speaker 2: super power, you gotta be great at technology. America is
• 41:11
  Speaker 2: number four on the list. That I mean, they got
• 41:12
  Speaker 2: three other countries. That's in front of America. Right, So
• 41:15
  Speaker 2: if people learn how to hack for me again, I'm
• 41:18
  Speaker 2: cool with learning the business of America. I don't got
• 41:21
  Speaker 2: to be the smartest. The hardest thing to do is
• 41:22
  Speaker 2: build a billion dollar business. That was the easiest thing
• 41:24
  Speaker 2: to do is invest in one. I ain't that small.
• 41:28
  Speaker 2: I sold it my whole life. I'm just saying, but
• 41:31
  Speaker 2: I know how to break down a business. So CrowdStrike, Fortnite,
• 41:35
  Speaker 2: z Scaler, these are business that I love. These are
• 41:38
  Speaker 2: business that I love. You don't like to get them
• 41:40
  Speaker 2: one on one get hacked, right, that's an ETF for
• 41:43
  Speaker 2: cybersecurity hack. It'll take you a long way. Cybersecurity is
• 41:46
  Speaker 2: an industry that will only keep on Those businesses will
• 41:49
  Speaker 2: keep on multiplying.
• 41:50
  Speaker 3: Why because as we get further and further and further.
• 41:53
  Speaker 2: Into technology, more businesses will need technology more businesses will
• 41:58
  Speaker 2: need chips and for every ins there's a bunch of
• 42:01
  Speaker 2: criminals waiting to bring it in. I'm just saying so
• 42:05
  Speaker 2: cybersecurity is definitely at the top of the at his new.
• 42:07
  Speaker 3: Frontier, he knocked it out the park and nothing knows
• 42:09
  Speaker 3: to say.
• 42:11
  Speaker 4: So I'll go to this with you Ian again. The
• 42:16
  Speaker 4: conflict in Russia and Ukraine obviously headlines everywhere. We know
• 42:21
  Speaker 4: about the oil the exports that Russia has in the
• 42:24
  Speaker 4: European countries. But how directly does the conflict there affect
• 42:28
  Speaker 4: us here? Because a lot of times people are looking
• 42:29
  Speaker 4: at like, well, the market was up today, the market
• 42:31
  Speaker 4: was up yesterday, it was up today again. Right, how
• 42:34
  Speaker 4: much impact does that conflict have on us here?
• 42:39
  Speaker 3: A ton?
• 42:39
  Speaker 5: Does anyone know the real reason we put all those
• 42:41
  Speaker 5: sanctions on the Ukraine? There's a game inside of the game.
• 42:45
  Speaker 5: It's the stuff that you get told on headlines. Yeah, Ussia, Yeah,
• 42:49
  Speaker 5: Russia and Ukraine. Does anybody know the real reason? You
• 42:56
  Speaker 5: said again, you said, that's one of the reasons, main reason.
• 43:05
  Speaker 5: Whose son has a business in Ukraine. So if you
• 43:11
  Speaker 5: choose to go to war with my child and I'm
• 43:14
  Speaker 5: invested in that business, you go to war with me.
• 43:18
  Speaker 3: We saw with Bush they let that slide. Then Baby
• 43:22
  Speaker 3: Bush came in.
• 43:23
  Speaker 5: And if anyone does anything the same way and say
• 43:26
  Speaker 5: with my father, hey I'm puting every dollar. I can
• 43:27
  Speaker 5: go ahead, go get him. It's deeper than what we're
• 43:31
  Speaker 5: seeing on the surface level. What the war did in
• 43:33
  Speaker 5: this crisis exposed is how leveraged America is, how much
• 43:40
  Speaker 5: debt we have, and post COVID and post printing, we're
• 43:44
  Speaker 5: not as strong as we used to be. I keep
• 43:46
  Speaker 5: saying it like America's like Steven Siaga was real tough
• 43:50
  Speaker 5: in like the seventies and eighties, flippy.
• 43:52
  Speaker 3: And sick right now like yo retired family. We need
• 43:56
  Speaker 3: somebody else, somebody when he was Paris coming down, look
• 43:59
  Speaker 3: at like the crypt keeper. Look how you lead right.
• 44:03
  Speaker 5: So now I've been telling you about this Russia and
• 44:06
  Speaker 5: China tie forever. This is the proxy for China to
• 44:10
  Speaker 5: take pole position.
• 44:12
  Speaker 3: That's facts.
• 44:13
  Speaker 5: So that's why it's important for you to get all
• 44:15
  Speaker 5: your money together. And everyone's going to say it's a
• 44:17
  Speaker 5: conspiracy theory. I was talking about this ten months ago.
• 44:20
  Speaker 5: I posted it last night. I got told about the
• 44:23
  Speaker 5: Russian crisis in twenty fifteen. Some tech people here south
• 44:29
  Speaker 5: By Southwest. I remember when Garyvee was running around. Yeah,
• 44:32
  Speaker 5: don't leave, what are you doing?
• 44:35
  Speaker 3: OK? Up here? I know I ain't boring, goddamn.
• 44:41
  Speaker 5: But you also, in every investment you have to say,
• 44:44
  Speaker 5: if the world falls apart, will this investment hold up?
• 44:48
  Speaker 5: And here's the true test. If my life and all
• 44:50
  Speaker 5: of my family's life was on the line, what I
• 44:53
  Speaker 5: invest in this? That kills a lot of investments overall.
• 44:56
  Speaker 5: But the crisis is going to affect us dearly because
• 44:59
  Speaker 5: it exposes the underlying issues that we've had for the
• 45:01
  Speaker 5: last ten years.
• 45:03
  Speaker 4: One of the investments and that won't go anywhere is
• 45:07
  Speaker 4: laying and travel won't come to you because he did
• 45:10
  Speaker 4: something a few few months ago with our brother him
• 45:12
  Speaker 4: five hundreds out to him hundred clap off him on time.
• 45:15
  Speaker 3: For him five hundred. Yeah, I actually bought laying and
• 45:17
  Speaker 3: we called an asset Allen.
• 45:18
  Speaker 4: So I never taught herd you talking depth about the
• 45:22
  Speaker 4: move and the thinking behind it and all the benefits
• 45:24
  Speaker 4: associated with asset Allen.
• 45:26
  Speaker 3: So why'd you make the move and what are the benefits?
• 45:30
  Speaker 3: So we under we under understand.
• 45:33
  Speaker 2: First of all, you got to be around Pete with
• 45:34
  Speaker 2: that when you bring great investment to them.
• 45:36
  Speaker 3: They just believe in the vision like that. I was like, bro,
• 45:39
  Speaker 3: I'm about to buy a farm. You want to buy?
• 45:40
  Speaker 3: He was like, hell yeah, how much? He didn't even
• 45:42
  Speaker 3: make me how much it cast? You call me though.
• 45:45
  Speaker 3: He was the first one on and we went on.
• 45:47
  Speaker 3: We went on two together, so we were just like,
• 45:49
  Speaker 3: he won't play that's a good business. Partnership leads profitability.
• 45:53
  Speaker 3: We just went on.
• 45:54
  Speaker 2: We went on tour together. So he was already on
• 45:56
  Speaker 2: the front of my brain. And when I said it,
• 45:59
  Speaker 2: he was like bet. I was like, it cost this much.
• 46:02
  Speaker 2: I was like, I don't care if you got the
• 46:04
  Speaker 2: vision for it. I believe in you. Let's do it.
• 46:06
  Speaker 2: So for me, I just understood that there's a reason
• 46:09
  Speaker 2: why Bill Gates is the number one.
• 46:11
  Speaker 3: Land on in America.
• 46:12
  Speaker 2: The man owned two hundred and ninety six thousand eggas
• 46:14
  Speaker 2: of land and nineteen different states. There's a reason behind
• 46:18
  Speaker 2: that because that's the one thing that they cannot produce
• 46:22
  Speaker 2: more of. So for me, when we look at the
• 46:25
  Speaker 2: triangle offense that we talked about earlier, you gotta have land, right,
• 46:29
  Speaker 2: so we can go in and buy all kinds of
• 46:31
  Speaker 2: stuff together, right, Why can't we go in and buy
• 46:35
  Speaker 2: some land one because land owners get the biggest tax
• 46:38
  Speaker 2: breaks in America.
• 46:41
  Speaker 3: Right. I helped Rick Ross get a bull. That was
• 46:43
  Speaker 3: a partnership.
• 46:43
  Speaker 2: So I get cool with the bull people because guess
• 46:46
  Speaker 2: why once I put a bull.
• 46:47
  Speaker 3: Once we put a couple of bulls on. I told
• 46:49
  Speaker 3: the play to him.
• 46:49
  Speaker 2: I said, bro, we're gonna help Ross get this bull,
• 46:51
  Speaker 2: and then we're gonna go to them and get two
• 46:53
  Speaker 2: bulls and seven cows.
• 46:54
  Speaker 3: You know why because now everything on the land becomes free.
• 46:57
  Speaker 5: And then if you look at the counter futures market,
• 47:00
  Speaker 5: he'll know the best price in wish to bother.
• 47:01
  Speaker 3: This that's the fact that Ross facts.
• 47:04
  Speaker 2: So it was like understanding how not to You know,
• 47:08
  Speaker 2: there's a difference between tax avoidance, right, that's cool, So
• 47:14
  Speaker 2: you just find ways.
• 47:16
  Speaker 3: Well, I don't.
• 47:17
  Speaker 2: Wealth preservation is the one thing nobody talks about. There's
• 47:20
  Speaker 2: there's three levels to wealth. Right, there's wealth creation, there's
• 47:23
  Speaker 2: wealth accumulation, and then there's wealth preservation.
• 47:26
  Speaker 3: The last part of the part we always miss.
• 47:28
  Speaker 2: It's the most important. It's the most important. So how
• 47:30
  Speaker 2: do I put myself in situation? So one we get
• 47:33
  Speaker 2: the land. That's that's an asset that's gonna keep going.
• 47:41
  Speaker 2: All right, cool, we all right, that's the remix, he
• 47:42
  Speaker 2: add living It's okay. And then the next thing was
• 47:45
  Speaker 2: how do we now produce agriculture? So real estate is
• 47:49
  Speaker 2: one thing, and then agriculture is another thing. Their first
• 47:53
  Speaker 2: cousins in the land area, right, So how do we
• 47:55
  Speaker 2: now get that?
• 47:56
  Speaker 3: Right?
• 47:56
  Speaker 2: So now we produce livestock and vegetation from the land.
• 48:03
  Speaker 2: We give some of the vegetation away, it's another write off,
• 48:06
  Speaker 2: and then we produce cattle on the land.
• 48:10
  Speaker 3: I don't want to butcher the cow.
• 48:11
  Speaker 2: I'm gonna sell and produce cow, right, and chickens and lambs,
• 48:17
  Speaker 2: and so he like, bro, you're out your mind.
• 48:18
  Speaker 3: I'm like, that's that's another trap house for me. It's okay.
• 48:21
  Speaker 3: More commodityes, Well, there's more commodities.
• 48:23
  Speaker 2: I can help Ian in the futures market, telling him
• 48:25
  Speaker 2: what I'm paying for my cows. And so now we
• 48:28
  Speaker 2: now can write off all of that. And now that
• 48:32
  Speaker 2: affects other parts of my life and business where I'm
• 48:35
  Speaker 2: writing off so much taxes on this, where other parts
• 48:38
  Speaker 2: of my life become free.
• 48:39
  Speaker 3: I want everybody to understand this.
• 48:41
  Speaker 2: If you're in a phase while you're still looking for
• 48:43
  Speaker 2: an income tax refunt. You ain't switched over to how
• 48:45
  Speaker 2: to build wealth yet because wealthy people don't get income taxes.
• 48:49
  Speaker 3: Feel I know y'all ain't kept like shit. Try to
• 48:51
  Speaker 3: look for that. I gotta up with that trip and
• 48:54
  Speaker 3: that's the reop money, Yo.
• 48:56
  Speaker 4: That's what I may clap it up for that play
• 48:58
  Speaker 4: right there. Shout out to y'all for that's an amazing play.
• 49:02
  Speaker 4: I'll be remiss, they tell me, I gotta wrap it up,
• 49:03
  Speaker 4: But I'd be remiss if I didn't ask you to
• 49:06
  Speaker 4: personally if there's some stocks or some ETFs or some
• 49:10
  Speaker 4: ns is that they should have on their watch list
• 49:13
  Speaker 4: right now.
• 49:14
  Speaker 3: Uh, I mean you go first.
• 49:16
  Speaker 2: So one of the ones I'm looking for is called
• 49:19
  Speaker 2: uh Sharp Sharp Commerce. So they are the leading industry
• 49:24
  Speaker 2: in disposing medical supplies for hospitals and industries like that.
• 49:30
  Speaker 2: So they're gonna lead in uh waste as it is,
• 49:34
  Speaker 2: and all those stuff that hospitals throw away, they'll lead
• 49:36
  Speaker 2: it in that.
• 49:37
  Speaker 3: So I know it's s m ed.
• 49:39
  Speaker 2: That's why I'm looking at. And cybersecurity is fortnite, ftn.
• 49:42
  Speaker 5: T perfect and what you got you already know my
• 49:44
  Speaker 5: answer VT I Apple, Microsoft. Now I'm going to be
• 49:52
  Speaker 5: for real. For those of you in healthcare, you're sleeping
• 49:55
  Speaker 5: on Striker, please don't. Striker has a medical mafia in
• 50:00
  Speaker 5: the hospital space. So if we go to war, people
• 50:04
  Speaker 5: still have to Striker go into hospitals and occupy those bands.
• 50:09
  Speaker 5: One of the best businesses that I've seen. Stock Price
• 50:11
  Speaker 5: is amazing and they almost have no competition. Ask anyone
• 50:15
  Speaker 5: that you know this is a.
• 50:16
  Speaker 3: Doctor or nurse who is the top peeditor competitor. Striker
• 50:20
  Speaker 3: don't like thermal Fisher too. That's yeah, yeah, that's like
• 50:23
  Speaker 3: Thermo fish, they tell them. So we got to wrap up.
• 50:26
  Speaker 4: We gotta wrap up. So first of all, I want
• 50:28
  Speaker 4: to thank both of you, gentlemen. First time seven happened.
• 50:30
  Speaker 4: Cop it up for a Wall Street trapping Ian dun Left,
• 50:33
  Speaker 4: thank you. I want to shout out an Ilive family
• 50:35
  Speaker 4: are united, massive family obviously the uy l fam that's
• 50:38
  Speaker 4: ever making this happen.
• 50:40
  Speaker 3: This has been incredible. You'll tap it up for yourselves.
• 50:44
  Speaker 3: My graduates from my school being forced back. Drop drop, Mike,
• 50:50
  Speaker 3: drop drop.
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