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Cliff Notes: How to Invest Your Stimulus Check · Earn Your Leisure

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  Speaker 3: You know it's works. Don't wait, don't hesitate. We'll see
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  Speaker 3: you on the other side. Earners, what's going on?
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  Speaker 2: You are now locking the cliff Notes the number one
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  Speaker 2: place for investment strategies, tips and advice.
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  Speaker 4: Let's talk about something real quick if we can. That's
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  Speaker 4: a hot topic, the stimulus check. A lot of people
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  Speaker 4: are getting their stimulus checks, so you know, this might
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  Speaker 4: be the first opportunity. It was some jokes online about
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  Speaker 4: like I'm gonna get the stimulus and I'm gonna buy
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  Speaker 4: the ocean and get LLC.
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  Speaker 5: You want Ruth Chris to bring out the food with
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  Speaker 5: the other half.
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  Speaker 4: But but but you know, all in all jokes, there's
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  Speaker 4: some level of like true. So this is an opportunity
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  Speaker 4: for some people that you know, they might be their
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  Speaker 4: first opportunity to invest. You know, it's not anything that's
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  Speaker 4: going to be life changing, but they might be able
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  Speaker 4: to invest a thousand dollars for the first time. They
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  Speaker 4: might have been piled up on bills, they might have
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  Speaker 4: been you know, just living day to day, and this
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  Speaker 4: is an opportunity for them to get, you know, additional
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  Speaker 4: a couple thousand dollars and now they might be able
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  Speaker 4: to put a thousand dollars.
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  Speaker 2: So yeah, and for some families that they can earn
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  Speaker 2: up to eighty two hundred, depending on how much they
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  Speaker 2: make and if they have children. I know a family
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  Speaker 2: of four that makes under one hundred and fifty thousand,
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  Speaker 2: I think you can get up to eighty two hundred.
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  Speaker 2: So you're talking about even if you invest half of that.
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  Speaker 2: That's a very nice starting point for somebody to be investing.
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  Speaker 4: So the next question is, okay, like if I never invested,
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  Speaker 4: I got a stimulus, I got a couple thousand or thousand, whatever,
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  Speaker 4: what should I invest? So I'll let everybody give their
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  Speaker 4: two cents on it. But we spoke about before. Index
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  Speaker 4: funds is always a great way, especially for new investors, beginners.
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  Speaker 4: You know, the Russell two thousand, the S and P
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  Speaker 4: five hundred are two probably of the main indexes for
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  Speaker 4: so if you're just starting out, you've never invested ever,
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  Speaker 4: this is an easy way where you can go. There's
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  Speaker 4: no fee, no commission, you can invest your money and
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  Speaker 4: now at least you can get your feet wet. And
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  Speaker 4: then also if you want to have start investing for
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  Speaker 4: your child. You know we spoke about this before, but
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  Speaker 4: you know every week there might be somebody new that's watching.
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  Speaker 4: So of course you can open up a five to
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  Speaker 4: twenty nine plan if you are interested in investing for
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  Speaker 4: your child's education. Each state offers their own five twenty
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  Speaker 4: nine plan. Depending on which state you live in, you
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  Speaker 4: get a tax benefit for that state. Or you can
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  Speaker 4: invest in an UTMAH which is a custodio account, and
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  Speaker 4: once again you can invest in the index fund. You
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  Speaker 4: can invest in ETFs, which we talk about a lot,
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  Speaker 4: or you can invest in some of the companies that
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  Speaker 4: you know are the most obvious Apple, Google things to
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  Speaker 4: the nature of Microsoft, Think the Nature. So you know,
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  Speaker 4: like I said, we want to we talk about a
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  Speaker 4: lot of advanced stuff, high level stuff, but we can
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  Speaker 4: never forget that somebody somebody's watching that has never invested,
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  Speaker 4: and they might be their first time watching. So we
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  Speaker 4: never want to go too fast that we're leaving people behind.
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  Speaker 3: It's the same thing that we've always said.
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  Speaker 2: Obviously, we said Ian has reiterated every Monday right too,
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  Speaker 2: and THATX is two techs.
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  Speaker 3: And I always tell people, yes, that's true.
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  Speaker 2: But if you're trying to find which are the companies
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  Speaker 2: that you should do, if you're looking at tech, I
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  Speaker 2: always tell you look around you.
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  Speaker 3: What are you investing in? Where are you spending your money?
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  Speaker 2: Are you shopping on Amazon that's a publicly traded company,
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  Speaker 2: please invest? Do you have Apple products? Are you watching
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  Speaker 2: us right now on a MacBook? Do you use an iPhone?
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  Speaker 2: If you're listening to us? Are you on air buds?
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  Speaker 2: If you're doing all those things, you're already investing in
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  Speaker 2: the compan You're already a consumer in the company. Why
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  Speaker 2: not be an owner in the company. And so those
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  Speaker 2: are things that you should look at if you're looking
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  Speaker 2: at tech or where are you're spending your money?
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  Speaker 5: Right?
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  Speaker 3: And I love you. We had this conversation with people.
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  Speaker 2: We talked about Dominoes being a tech company, like, if
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  Speaker 2: you're spending every Friday, you're getting your kids Dominoes, you
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  Speaker 2: probably should invest in it.
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  Speaker 5: Their run is crazy.
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  Speaker 2: If Nike is a company that you're buying every month
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  Speaker 2: for your children and their reporting their earnings this week,
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  Speaker 2: you probably should own some SoC and Nike. Don't overcomplicate it,
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  Speaker 5: You know it's a super sleeper.
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  Speaker 7: Samuel Adams, You guys a gonna look at the ticker
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  Speaker 7: s A m oh, but it looks like tessela.
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  Speaker 5: Well you gave it the oh baby, old baby.
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  Speaker 7: Like like if I call something that I really messed
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  Speaker 7: up over Vacs and Sam Adams, I'll should have called
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  Speaker 7: last year, Sam Anne and Adams chart is insane. If
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  Speaker 7: we go through charts today, all show it and then
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  Speaker 7: AMD for those of you are new ssex good.
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  Speaker 5: You got to hold it for five year period.
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  Speaker 7: But Sam Adams, you wouldn't think there would be one
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  Speaker 7: of those companies that are so.
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  Speaker 5: Dominant but them and Dominoes. I means pizza and beer
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  Speaker 5: sells itself. But AMD is sixty four is a good
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  Speaker 5: one as well, but you have to hold for five years.
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  Speaker 4: Kevin played on YouTube said can you show us step
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  Speaker 4: by step on how to get started? So I'm gonna
• 8:23
  Speaker 4: do this in two steps. So Kevin, this is for you.
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  Speaker 4: You open up td amerit Trade, you download the app.
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  Speaker 4: Td americ Trade is free. No, td americ Trade is
• 8:33
  Speaker 4: not the only app you can do fidelity. You can
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  Speaker 4: do Robinhood. I'm just using it an example. You download
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  Speaker 4: td amerit trade right, you open up You're going to
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  Speaker 4: open up a brokerage acount. They're gonna give you like
• 8:44
  Speaker 4: different options of what kind of account you want to
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  Speaker 4: open up. You can open up an IRA account, you
• 8:48
  Speaker 4: can open up a rough IRA account, you can open
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  Speaker 4: a studio account. But if you want to just start
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  Speaker 4: with yourself, you open up a brokerage account. They're going
• 8:54
  Speaker 4: to ask you like a bunch of different questions. Your
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  Speaker 4: level of investment, how much money you make da da
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  Speaker 4: pretty self explained or you answer those questions. Now. Once
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  Speaker 4: you have it up and running, you have to link
• 9:04
  Speaker 4: your bank account. You link your bank account information with
• 9:08
  Speaker 4: the brokerage account that allows you to transfer money. You
• 9:11
  Speaker 4: transfer money from your bank account is going to go
• 9:14
  Speaker 4: into your broke account. Take a couple of days. When
• 9:16
  Speaker 4: it gets there. You can buy an index. S p
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  Speaker 4: Y is the S and P five hundred index. You
• 9:23
  Speaker 4: type in s p Y and it's gonna say buy
• 9:28
  Speaker 4: and then you buy it.
• 9:30
  Speaker 5: That's that's what we talked about it before. Maybe we
• 9:33
  Speaker 5: should just do it live next week.
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  Speaker 4: Yeah, I mean, I don't know. It's kind of self explanatory,
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  Speaker 4: but we can if that's need.
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  Speaker 7: You have different types of learners, some visual, some auditory.
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  Speaker 5: Right, yeah.
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  Speaker 4: So yeah, so hopefully that was that was helpful. Yeah,
• 9:54
  Speaker 4: because there's always somebody that's like, well teach me, you
• 9:56
  Speaker 4: don't show me how try trying.
• 9:59
  Speaker 3: To open and opening account for me. Well, that's the
• 10:02
  Speaker 3: next thing that.
• 10:04
  Speaker 4: I wanted. I want to just bring somebody on for
• 10:06
  Speaker 4: a few minutes because there was some some breaking news
• 10:10
  Speaker 4: that broke out and this might affect a lot of people.
• 10:14
  Speaker 4: So we have to always educated, always at every given moment.
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  Speaker 3: Let's see, is he there?
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  Speaker 5: Yeah, that's a sleeper.
• 10:29
  Speaker 2: And for those of you that are in the crypto space,
• 10:31
  Speaker 2: we're not going to ignore that. Crypto went up to
• 10:33
  Speaker 2: sixty two thousand yesterday, We're not going to bigcoin went
• 10:37
  Speaker 2: up to sixty two thousand yesterday. I pulled back it
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  Speaker 2: said fifty six uh six right now, uh And we're
• 10:42
  Speaker 2: not gonna ignore that. In the past six days that
• 10:45
  Speaker 2: you know, that topic we kept talking about with Mark
• 10:47
  Speaker 2: Cuban and Gary Vee's been on fire. That's all they're
• 10:51
  Speaker 2: putting out is n F n F T. I mean
• 10:53
  Speaker 2: I read business in inciety. They had an NFT section.
• 10:56
  Speaker 2: On Sunday, I read Wall Street Journal. They had an
• 10:58
  Speaker 2: NFT section, not an article and section. I read Forbes
• 11:02
  Speaker 2: the same thing, sixty three sixty nine sixty nine million
• 11:07
  Speaker 2: dollar purchase.
• 11:10
  Speaker 3: Digital. Al Right, don't let that go.
• 11:11
  Speaker 4: Yeah, I gotta talk to that guy. Bibel people, people,
• 11:16
  Speaker 4: he's he's, he's, he's the guy right now.
• 11:21
  Speaker 7: GBTC at thirty seven is a decent entry, and kudos
• 11:24
  Speaker 7: to the Xelia Banks for selling her auditory sex tape
• 11:28
  Speaker 7: for the whatever crazy amount of said.
• 11:30
  Speaker 5: Now, wait, what what does she do? So she got
• 11:33
  Speaker 5: an auditory?
• 11:34
  Speaker 7: Oh yeah, we'll do that later or next week when
• 11:37
  Speaker 7: he's not around.
• 11:37
  Speaker 5: My god, Go Google.
• 11:40
  Speaker 2: That's trading after dark to hear a more extended conversation.
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