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EYL #70 The Master Investor · Earn Your Leisure

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  Speaker 2: All Right, guys, Welcome back, l Yeah Exciting another exciting
• 1:04
  Speaker 2: episode another one. Yeah, yeah, for sure, we're gonna jump
• 1:07
  Speaker 2: right into We covered investing a few times, stock market
• 1:11
  Speaker 2: investing and shout out to Trapper, shout Trap, shout out to.
• 1:14
  Speaker 3: Quinn, shout quin got Yeah.
• 1:17
  Speaker 2: So this is gonna be the third installment of Investing.
• 1:21
  Speaker 2: Now we're gonna talk about some things that we didn't
• 1:22
  Speaker 2: talk about the other two times. Futures market day, trading,
• 1:27
  Speaker 2: some other stuff, because it's important for people to get
• 1:30
  Speaker 2: a full range of investing.
• 1:32
  Speaker 3: There's a lot of stuff being given out that's misinformation,
• 1:35
  Speaker 3: people being mislest. So we have some things today.
• 1:38
  Speaker 2: Yeah, so you got our guy, I donelap first and foremost, thank.
• 1:42
  Speaker 4: You, Thank you. I appreciate you guys for having me.
• 1:44
  Speaker 2: Yeah, and it's an investment expert. As you can see, looks.
• 1:48
  Speaker 4: The part trying to make my mom proud.
• 1:52
  Speaker 2: He's an investment expert. He's been featured on Huffington Post,
• 1:56
  Speaker 2: Rolling Out magazine, He's spoken on the same spage with
• 2:00
  Speaker 2: Eric Thomas.
• 2:01
  Speaker 3: Yeah.
• 2:02
  Speaker 2: Yeah, and he has a whole platform called red pandam Way.
• 2:04
  Speaker 2: He teaches people how to invest and he has personal
• 2:06
  Speaker 2: clients as well. So it's gonna be an interesting conversation.
• 2:09
  Speaker 2: As I said, we're gonna talk about some things that
• 2:10
  Speaker 2: we haven't spoke about yet, and it's important for people
• 2:14
  Speaker 2: to know. So yes, the first thing I want to
• 2:17
  Speaker 2: talk about is day trading. But before we get into
• 2:19
  Speaker 2: day trading, how did you get into investment space? Like,
• 2:23
  Speaker 2: how did you get into the space as far as
• 2:25
  Speaker 2: investing yourself first and foremost and then taking that and
• 2:29
  Speaker 2: then teaching other people to invest.
• 2:31
  Speaker 5: Yeah, I first heard about it from my seventh grade teacher,
• 2:33
  Speaker 5: mister Smolling. He was an older, white gentleman. I didn't
• 2:36
  Speaker 5: listen to him. I wish I would have, because at
• 2:39
  Speaker 5: the beginning of the class in math class, he would
• 2:41
  Speaker 5: go through the newspaper and take us through through the
• 2:43
  Speaker 5: highs and the lulls, and I was like, I don't
• 2:44
  Speaker 5: care about that.
• 2:45
  Speaker 4: I was too busy listening to mob.
• 2:46
  Speaker 5: Deep we can relate the fact, mister Smolan if you're
• 2:51
  Speaker 5: still living, Sorry I didn't listen.
• 2:53
  Speaker 4: But fast forward to two thousand and seven in the recession.
• 2:55
  Speaker 5: One of my buddies art he's from Birmingham. One of
• 3:00
  Speaker 5: my friends like, we need to talk to this guy
• 3:01
  Speaker 5: that I went to school with because he just made
• 3:03
  Speaker 5: a killing in the market, and I'm like, and he's black,
• 3:07
  Speaker 5: and he was like yeah. So I talked to Art
• 3:08
  Speaker 5: and Art was like, man, I don't know what you're doing,
• 3:10
  Speaker 5: but I need you to put every dollar you have
• 3:13
  Speaker 5: into the market.
• 3:14
  Speaker 2: Told you that, yeah, okay.
• 3:18
  Speaker 4: And Kramer was on TV screaming.
• 3:21
  Speaker 5: I remember in the Midwest a lot of my family
• 3:23
  Speaker 5: members like being out of work because of recession hurt everybody.
• 3:27
  Speaker 4: I didn't listen. I was like, I ain't gonna listen
• 3:29
  Speaker 4: to this dude, what the hell are you talking about?
• 3:30
  Speaker 5: But meanwhile, he's working at one of the biggest investment
• 3:33
  Speaker 5: companies in the country.
• 3:34
  Speaker 4: Put every dollar he had into it.
• 3:36
  Speaker 5: He caught City at a dollar and three months later
• 3:39
  Speaker 5: he was up five hundred percent from that. So once
• 3:42
  Speaker 5: I saw him do it, with him being black and
• 3:45
  Speaker 5: acting black, being proud of who he is, I was like,
• 3:47
  Speaker 5: I need to listen to this guy. So he took
• 3:49
  Speaker 5: me under his wing and he threw me in the
• 3:51
  Speaker 5: deep end of the pool. He was like, if you're serious,
• 3:53
  Speaker 5: you're going to do everything I tell you because I.
• 3:55
  Speaker 4: Already know what to do. What's the age difference between
• 3:57
  Speaker 4: you and him? Twelve years?
• 3:59
  Speaker 3: Twelve years? Okay? So like he's the OG.
• 4:01
  Speaker 5: Now, yeah, he's og, all right, I love you, Manure.
• 4:04
  Speaker 4: So I think it's really important.
• 4:06
  Speaker 5: For us to share our stories, especially being black, because
• 4:10
  Speaker 5: we underinvest we under saved, we're undercapitalized.
• 4:14
  Speaker 4: But yeah, he gave me my start and investment and
• 4:16
  Speaker 4: introduced me to it.
• 4:17
  Speaker 2: Then you just took it and just ran with it.
• 4:18
  Speaker 4: You had to.
• 4:19
  Speaker 3: Was there anybody in the family, like maybe mom or
• 4:22
  Speaker 3: dad had a background of business.
• 4:24
  Speaker 5: My dad, My dad was the one who inspired me
• 4:26
  Speaker 5: to be an entrepreneur. So my dad had a construction
• 4:28
  Speaker 5: company since twenty two So all of my work ethic
• 4:30
  Speaker 5: I get from him. How strong and like directing to
• 4:34
  Speaker 5: the point I am because like, business is tough. And
• 4:37
  Speaker 5: then he was on business in the eighties and nineties
• 4:38
  Speaker 5: there was no internet and they did well in their industry.
• 4:43
  Speaker 4: With yellow page ads, follow up direct mail, so it
• 4:46
  Speaker 4: was harder.
• 4:47
  Speaker 5: So when he sees it now, he was like, you
• 4:49
  Speaker 5: can text people and get businesses. Better, get your ass
• 4:52
  Speaker 5: up at five o'clock and just text two to three
• 4:53
  Speaker 5: hundred people. I had to get out and buy TV
• 4:56
  Speaker 5: ads for twenty five grand and didn't know where were
• 4:58
  Speaker 5: gonna be placed.
• 4:59
  Speaker 3: Yeah, for a younger most yellow pages. It was a
• 5:01
  Speaker 3: yellow book that year.
• 5:05
  Speaker 2: Google Google from Indiana originally, right, yeah, each Chicago, Indiana,
• 5:10
  Speaker 2: each Chicago, So that's like right outside of Gary, Indie,
• 5:13
  Speaker 2: five minutes away.
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  Speaker 4: So I didn't grow up in like.
• 5:16
  Speaker 5: Some amazing financial ecosystem, and we were poor for a
• 5:20
  Speaker 5: long time. Like the reason why I don't even like
• 5:23
  Speaker 5: the Bulls to this day. Like we got w G
• 5:25
  Speaker 5: and programming with Chicago Programming, but when the Bulls were
• 5:28
  Speaker 5: one of the titles, like our lights were off in
• 5:30
  Speaker 5: the winter. So like most of my family is still
• 5:34
  Speaker 5: to this day like lower income and poor. So like
• 5:37
  Speaker 5: a lot of me giving back is because like I
• 5:39
  Speaker 5: want to reach them and show like what's possible if
• 5:43
  Speaker 5: you apply. Because everybody, I think in every hood knows
• 5:45
  Speaker 5: what to do. They're not giving a direct path to
• 5:47
  Speaker 5: be able to use that talent or work ethic to
• 5:50
  Speaker 5: be able to make money because we all know people
• 5:51
  Speaker 5: in the hood that are like stars and have potential
• 5:54
  Speaker 5: but just went down the wrong path.
• 5:55
  Speaker 2: So yeah, information, So if futures futures market, right, yep,
• 6:01
  Speaker 2: because we hear about this a lot, like CNBC. If
• 6:05
  Speaker 2: you ever watched CNBC, they talk about the futures market, yep,
• 6:07
  Speaker 2: And they talked about futures. So not the rapper the
• 6:12
  Speaker 2: future that is good. What what is what is it?
• 6:16
  Speaker 2: What is futures?
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  Speaker 3: What are they?
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  Speaker 5: Yeah, futures is the highest paying asset class that no
• 6:22
  Speaker 5: one knows about.
• 6:23
  Speaker 3: What are the asset classes?
• 6:24
  Speaker 5: So you have you have stocks that you can invest in,
• 6:27
  Speaker 5: you have ETFs, you have mutual funds, but futures pays
• 6:30
  Speaker 5: the most out of all of them. So for every
• 6:33
  Speaker 5: one dollar that you can invest in, let's say and
• 6:36
  Speaker 5: get in the stock the e S which is S
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  Speaker 5: and P five hundred pays one hundred and twenty five
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  Speaker 5: times more, and bonds paid three hundred and twelve times more.
• 6:44
  Speaker 5: So if you go to sing sing be seen in
• 6:45
  Speaker 5: the morning, like you said, that sets the tone for
• 6:48
  Speaker 5: what the market is going to do because it's open
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  Speaker 5: twenty three hours to day.
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  Speaker 2: So what so what exactly is it?
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  Speaker 3: Like?
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  Speaker 2: What's the futures?
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  Speaker 4: Futures basically is is.
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  Speaker 5: Uh, you're making a guest or a bet whether the
• 6:58
  Speaker 5: market is going to go up or down.
• 7:00
  Speaker 4: But what certain asset class is.
• 7:01
  Speaker 5: Like you know, the market is going to go up,
• 7:04
  Speaker 5: generally gold is going to go down until something bad
• 7:06
  Speaker 5: happens like they Iran attack.
• 7:08
  Speaker 4: We know CREUD is going to be volatile.
• 7:11
  Speaker 5: So it's what institutional investors use to gauge for what
• 7:14
  Speaker 5: the market is going to do. And so like for example,
• 7:17
  Speaker 5: I'll say, okay, who do you think do you think
• 7:20
  Speaker 5: Lebron is going to average ten points this year or more?
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  Speaker 4: Definitely more? Do you just place the.
• 7:25
  Speaker 5: Bet on Lebron averaging more than ten? That's all the
• 7:27
  Speaker 5: futures market is.
• 7:28
  Speaker 2: So the futures market is like after hour trading, yes,
• 7:31
  Speaker 2: and it's pretty much like it's so it's like calls
• 7:34
  Speaker 2: and puts on the options.
• 7:35
  Speaker 4: But it's worldwide. And then it's twenty three hours a day.
• 7:38
  Speaker 5: So at the open, the American open at eight thirty,
• 7:41
  Speaker 5: that's when you have the most volume on it. But
• 7:43
  Speaker 5: most of us, especially that they're black, don't know about
• 7:46
  Speaker 5: it because we were the asset class that were traded.
• 7:48
  Speaker 4: Why twenty three not twenty four hours a day because
• 7:51
  Speaker 4: it has an hour arrest.
• 7:52
  Speaker 5: And then the way the cycle goes from America to
• 7:54
  Speaker 5: Asian market in London market, it's like a little break
• 7:57
  Speaker 5: in between you.
• 7:57
  Speaker 3: I got like that, like if you have like a
• 7:59
  Speaker 3: file to like these channels from Asia. Yeah, they show
• 8:02
  Speaker 3: the future market.
• 8:03
  Speaker 2: So I'm gonna actually what you just said, I'm gonna
• 8:05
  Speaker 2: elaborate on that. But before so all right, just understand.
• 8:07
  Speaker 2: So stocks and I'm buying a stock, regular stock, and
• 8:11
  Speaker 2: I'm just buying it at that price. If it goes up,
• 8:14
  Speaker 2: I make money. If it goes down and lose money.
• 8:16
  Speaker 2: Futures is, for lack of a better word, it's like
• 8:18
  Speaker 2: kind of a guess where you're kind of predict predicting
• 8:23
  Speaker 2: it's going to go up, like it's ten dollars now,
• 8:26
  Speaker 2: but you think it's gonna go up to fifteen. Yes,
• 8:28
  Speaker 2: So it's a future. That's why it's called futures because it's.
• 8:30
  Speaker 4: Like you're guests.
• 8:31
  Speaker 2: In the future. Yeah, and you can you can guess
• 8:33
  Speaker 2: the future if it goes up, or you can guess
• 8:35
  Speaker 2: the future if it goes down. Is that correct?
• 8:37
  Speaker 4: Absolutely?
• 8:37
  Speaker 5: And then you can make money whether the asset goes
• 8:39
  Speaker 5: up or down. Now what are we basing that off?
• 8:41
  Speaker 5: Is there information that's tied to the price of the
• 8:44
  Speaker 5: S and P five hundred and the bonds market? So
• 8:46
  Speaker 5: long term, I tell people to invest in index funds,
• 8:48
  Speaker 5: so s P, Y D I A, and then I'm
• 8:50
  Speaker 5: like trade the future because if you buy it long term,
• 8:53
  Speaker 5: you can look at.
• 8:54
  Speaker 4: Your account and see where it's going.
• 8:56
  Speaker 5: Most days of S and P five hundred is going
• 8:58
  Speaker 5: to go up unless Trump do something crazy, which is
• 9:01
  Speaker 5: all the time. But that volatility even provides some movements,
• 9:05
  Speaker 5: So if the market falls down five hundred points, you
• 9:07
  Speaker 5: can profit when the market goes down.
• 9:08
  Speaker 4: You can't do that with stops.
• 9:10
  Speaker 2: And the S and P five hundred For anybody that
• 9:12
  Speaker 2: doesn't know, it stands for standing and poors five hundred. Yes,
• 9:15
  Speaker 2: five hundred companies like a microcosm of different stocks. So
• 9:18
  Speaker 2: a lot of time you had a market is up
• 9:19
  Speaker 2: and a market is down, and not talking about every
• 9:21
  Speaker 2: single stock in the stock market. They're using dal Jones,
• 9:24
  Speaker 2: SI and five hundred rest of two thousand. The S
• 9:27
  Speaker 2: and P five hundred is like five hundred stocks from
• 9:29
  Speaker 2: different sectors, and if all of those are moving in
• 9:31
  Speaker 2: one direction or another, then pretty much the market is moving.
• 9:35
  Speaker 3: Yeah.
• 9:35
  Speaker 4: I think of the SMP is like the NBA.
• 9:37
  Speaker 5: It's like the five hundred best players in one basket,
• 9:40
  Speaker 5: and then the Dow thirty is like the best thirty.
• 9:42
  Speaker 5: So when I people tell people to invest in the
• 9:43
  Speaker 5: index fund, I'm like, imagine We was at the park
• 9:47
  Speaker 5: and you have to pick five people, and I'm like, okay,
• 9:49
  Speaker 5: you can get Giannis Lebron, Curry when he's not hurt,
• 9:53
  Speaker 5: Harden and Westbrook and we play against five other teams,
• 9:57
  Speaker 5: five other players that are just regular players.
• 9:58
  Speaker 4: Who do you think goes win All Star Team?
• 10:01
  Speaker 2: So you said that black people was traded? Yeah, can
• 10:04
  Speaker 2: you talk about that?
• 10:06
  Speaker 5: The financial market is, unfortunately, was based off slavery, So
• 10:09
  Speaker 5: we were the first comodity actually traded. So most insurance
• 10:12
  Speaker 5: companies got their start from slavery and insurance slaves and then
• 10:17
  Speaker 5: futures contracts. They would make a guess about how many
• 10:20
  Speaker 5: slaves would actually make it across land. And so that's
• 10:25
  Speaker 5: why most of us don't know about it, because we
• 10:27
  Speaker 5: were the things that were traded.
• 10:28
  Speaker 4: We're not supposed to know.
• 10:29
  Speaker 3: You said, futures contract, what is that?
• 10:31
  Speaker 5: And so let's say hypothetically you had a thousand slaves.
• 10:36
  Speaker 5: The companies would guess that maybe five hundred and sixty
• 10:40
  Speaker 5: to seven hundred of them would end up dying, and
• 10:42
  Speaker 5: they would have a contract on it that if they died,
• 10:45
  Speaker 5: they would still make money off of it via insurance.
• 10:48
  Speaker 2: It's funny, it's crazy that you say that, because it's like,
• 10:51
  Speaker 2: yesterday I went to Schaumberg. You ever heard Schamburg. So
• 10:54
  Speaker 2: the Schomberg libraries in Harlem, and it's world famous and
• 10:59
  Speaker 2: it's like African American museum type, but it's not a museum.
• 11:03
  Speaker 2: It's a library, exhibition stuff like that. So long story short,
• 11:05
  Speaker 2: just yesterday I went there randomly and I was in there.
• 11:10
  Speaker 2: I was in there and I was looking at different things.
• 11:12
  Speaker 2: So I looked on the wall, so I saw the
• 11:14
  Speaker 2: contracts for the company that predated New York Life. I
• 11:18
  Speaker 2: forgot the name of it, but it showed the contracts,
• 11:22
  Speaker 2: the life insurance contracts on slaves and so so I'm
• 11:27
  Speaker 2: gonna get to that. So then on in the book.
• 11:29
  Speaker 2: It's interesting because in the book it has like causes
• 11:32
  Speaker 2: of death, age that they died, So it was all
• 11:35
  Speaker 2: kinds of stuff like they like a lot of people
• 11:37
  Speaker 2: died from inflammation of the stomach, diarrhere, all kinds of stuff,
• 11:41
  Speaker 2: but it was so it's a book and it's like
• 11:45
  Speaker 2: a lot like that's how New York Life Insurance got started.
• 11:50
  Speaker 2: That was that was before that they changed the name
• 11:53
  Speaker 2: and it was based off of ensuring slave masters on
• 11:59
  Speaker 2: their slaves.
• 12:00
  Speaker 5: Yeah, and I hears it say it, but racism is
• 12:02
  Speaker 5: America's first startup, so the country is built off of us.
• 12:06
  Speaker 5: But of course when we died, like you just said,
• 12:08
  Speaker 5: they profited heavily, like and when you lose that many
• 12:11
  Speaker 5: quote unquote commodities, you have to have an insurance policy
• 12:15
  Speaker 5: in place to be able to cover it. So everything
• 12:18
  Speaker 5: is tied together, insurance. Wall Street, I mean Wall Street
• 12:21
  Speaker 5: was one of the biggest slave markets before it turned
• 12:24
  Speaker 5: into like the economic center that it is now.
• 12:26
  Speaker 4: Like slaves were traded on Wall Street.
• 12:29
  Speaker 3: Yeah. I actually took a summer group to the Black
• 12:33
  Speaker 3: burial ground in Manhattan. Yeah, and they give a detailed
• 12:35
  Speaker 3: expert that whole situation.
• 12:37
  Speaker 5: It's heartbreaking. Yeah, And once you dive into the information,
• 12:40
  Speaker 5: it's fascinating but heartbreaking.
• 12:41
  Speaker 4: Yeah yeah.
• 12:42
  Speaker 2: Yeah. And the ships too. It's like I saw it
• 12:45
  Speaker 2: on the ships where it's like they have people just
• 12:47
  Speaker 2: like lined up, so it's like a lot of people
• 12:50
  Speaker 2: not gonna make it because you it's like a month
• 12:53
  Speaker 2: to get from Africa to America. And if you in
• 12:57
  Speaker 2: a ship lined up with three hundred people right now
• 13:00
  Speaker 2: next to each other, like people going to bathroom on themselves.
• 13:02
  Speaker 2: It's like it's not really an efficient way to travel.
• 13:06
  Speaker 2: So half of the slaves even more die just from that,
• 13:11
  Speaker 2: like I mean, just like you can't so like you said,
• 13:13
  Speaker 2: so that all comes into like the insurance. But it's
• 13:16
  Speaker 2: interesting as far as like the commodities because it's like okay,
• 13:19
  Speaker 2: like how many's actually gonna make it? Yeah, we could
• 13:23
  Speaker 2: put bets on that, calls and puts on it. And
• 13:26
  Speaker 2: if you can make money either way, people make it.
• 13:29
  Speaker 3: Yeah.
• 13:29
  Speaker 5: And also and during times of travesy like when crews
• 13:33
  Speaker 5: shot down, you can make money as the market is falling.
• 13:35
  Speaker 5: So unfortunately, whether we made it across the seas or not,
• 13:39
  Speaker 5: they had a plan to be able to make money.
• 13:41
  Speaker 5: And that's one thing I have to tell people when
• 13:43
  Speaker 5: it comes to investing, like whether the market is good
• 13:45
  Speaker 5: or bad, you have to be able to make money.
• 13:47
  Speaker 5: We all have kids. Kids are not cheap by any means,
• 13:50
  Speaker 5: and we have to invest more so we can have
• 13:52
  Speaker 5: a future for them. But even when the market falls apart,
• 13:55
  Speaker 5: like luckily with futures. Some of my biggest days, like
• 13:57
  Speaker 5: August twenty four to twenty fifteen, the market dropped five
• 14:00
  Speaker 5: hundred points. I had one of my best days, I
• 14:01
  Speaker 5: had one hundred percent gainer that day Brexit, Like I
• 14:05
  Speaker 5: made a ton of money on Brexit when that economy
• 14:09
  Speaker 5: was falling apart, I was able to take advantage of
• 14:11
  Speaker 5: it and then ride the ES down which is S
• 14:13
  Speaker 5: and P five hundred, and then ride it back up.
• 14:15
  Speaker 5: So regardless, in stocks, you can only ride them one way,
• 14:18
  Speaker 5: but futures you can play both ways.
• 14:21
  Speaker 3: So what are some markets that you can actually buy
• 14:23
  Speaker 3: futures on.
• 14:24
  Speaker 4: You can do it through TD amer Trade.
• 14:27
  Speaker 5: I use Ninja Trader as well out of Chicago because
• 14:30
  Speaker 5: it's five hundred per contracts at Ninja Trader.
• 14:32
  Speaker 4: If you did it through Thinker Swim five hundred dollars, yes.
• 14:35
  Speaker 5: Five hundred per but if you bought one future contract
• 14:38
  Speaker 5: on TD Americ Trader, it would be sixty two fifty
• 14:40
  Speaker 5: because most African Americans don't have six grand laying around
• 14:44
  Speaker 5: to invest one contract, so they're a discount broker and
• 14:47
  Speaker 5: that's how you can end up buying more contracts and
• 14:48
  Speaker 5: the end up making more money.
• 14:49
  Speaker 2: So all right, so day trading YEP, day trade.
• 14:52
  Speaker 5: Or as I call it, short term investing, but short
• 14:55
  Speaker 5: term investing because it's a lot of traders out there
• 14:57
  Speaker 5: and most of them don't make money.
• 14:59
  Speaker 2: Okay, hey, sorry, So how do you make money day trading?
• 15:04
  Speaker 2: Because you said so day trading for anybody is not familiar.
• 15:08
  Speaker 2: Is that you're trading in today. That's why it's called
• 15:10
  Speaker 2: day trade.
• 15:11
  Speaker 6: Ye.
• 15:12
  Speaker 2: So you could day trade anything, crypto, which I hate,
• 15:15
  Speaker 2: hate crypto hate.
• 15:16
  Speaker 3: You can do. We've learned to hate it too.
• 15:18
  Speaker 2: You could day trade four x, which I hate. We'll
• 15:20
  Speaker 2: talk about we'll talk about that. You could date trade stocks,
• 15:24
  Speaker 2: but you said that stocks is not the best way
• 15:27
  Speaker 2: to day trade or intry day trade, or however you
• 15:30
  Speaker 2: want to prase it.
• 15:30
  Speaker 5: Well, stocks weren't originally meant to be day traded. They
• 15:33
  Speaker 5: were meant to be held for long term period so
• 15:36
  Speaker 5: like thirty forty fifty period. And you notice as an advisor,
• 15:39
  Speaker 5: like if you if you had Apple and you traded
• 15:41
  Speaker 5: Apple for one day ten years ago, you may have
• 15:45
  Speaker 5: made a thousand, two hundred, one thousand, two thousand and
• 15:48
  Speaker 5: three thousand dollars. If you would have put two thousand
• 15:50
  Speaker 5: dollars into Apple ten years ago, you would probably have
• 15:54
  Speaker 5: more than one hundred and fifty grand right now. So
• 15:56
  Speaker 5: for a long term wealth building, it's absolutely amazing. But futures,
• 16:00
  Speaker 5: you have a thirty day window to trade them and
• 16:02
  Speaker 5: then the contracts cycle over. So and I tell all
• 16:06
  Speaker 5: of my students, I'm like, go for shorter targets so
• 16:08
  Speaker 5: you can get in out profit. But the hardest part
• 16:11
  Speaker 5: for most people is they don't have discipline to walk away.
• 16:14
  Speaker 5: They'll want to overtrade and black. Well, I've been broke
• 16:16
  Speaker 5: the majority of my life, so let me try and
• 16:18
  Speaker 5: get ten trades in the day. But you can't make
• 16:20
  Speaker 5: up for the time in which you were not previously.
• 16:24
  Speaker 2: What's the what's some tips on day like how do
• 16:27
  Speaker 2: you day trade?
• 16:28
  Speaker 5: First you have to open up a brokerage account, so
• 16:30
  Speaker 5: that would be through for features like Ninja trader. And
• 16:33
  Speaker 5: then the most important thing, you have to know where
• 16:35
  Speaker 5: the direction is going. It's a simple way to know.
• 16:38
  Speaker 5: If the market is green, it means the market is
• 16:41
  Speaker 5: going up. If it's red, it means it's going down.
• 16:43
  Speaker 5: We've all opened up Yahoo finance another bad day.
• 16:46
  Speaker 4: So it's read.
• 16:46
  Speaker 5: But most traders they are buying when it's red, and
• 16:50
  Speaker 5: that's a good investment strategy. But in today, you end
• 16:52
  Speaker 5: up losing a lot of money. So if the market
• 16:54
  Speaker 5: is going up, ride the market up or buy, and
• 16:57
  Speaker 5: then if it's red, you want to sell.
• 16:59
  Speaker 4: But you have to have a predetermined target.
• 17:01
  Speaker 5: So like if you have fifty shares of let's say bonds,
• 17:06
  Speaker 5: unless say you get two pennies worth the movement, you
• 17:08
  Speaker 5: can make twelve to fifty and less than fourteen to
• 17:11
  Speaker 5: fifteen minutes.
• 17:12
  Speaker 4: But then after that.
• 17:13
  Speaker 5: You have to stop because you only allowed a certain
• 17:15
  Speaker 5: amount of trades per day because you don't want to gamble.
• 17:18
  Speaker 5: That's what a gambling part comes in. That's associated with trading.
• 17:20
  Speaker 5: It's like, well, you don't know whether it's going to
• 17:22
  Speaker 5: go up or go down. I'm like, you know what the.
• 17:23
  Speaker 4: S and P is gonna do?
• 17:24
  Speaker 3: What's the number of trades you can make it down?
• 17:26
  Speaker 5: You can do unlimited, but I advise people only do
• 17:28
  Speaker 5: one or two. Okay, one or two, because anytime you
• 17:31
  Speaker 5: do more than that, you are, like I said, subconsciously
• 17:35
  Speaker 5: trying to make up for the lack of money that
• 17:37
  Speaker 5: you have in your life. Because we know most people
• 17:39
  Speaker 5: that have money don't take huge risk, and I like
• 17:42
  Speaker 5: to keep my risk caped to like two percent. But
• 17:44
  Speaker 5: every time you get back in the market, you are
• 17:47
  Speaker 5: assuming more risk on a particular trade, and you don't
• 17:49
  Speaker 5: want to do that.
• 17:50
  Speaker 3: Yeah, can we just go back there for a second
• 17:51
  Speaker 3: for the contract. I know you said there's an expiration
• 17:54
  Speaker 3: of thirty days. Is that the standard? Are there other
• 17:56
  Speaker 3: ones that are sixty or ninety days?
• 17:57
  Speaker 5: No, that that's the standard for futures. So every every
• 18:00
  Speaker 5: thirty days they'll end up rolling over. So that's a
• 18:02
  Speaker 5: maxi window that you can have.
• 18:04
  Speaker 4: To trade them.
• 18:04
  Speaker 3: And you could lose or gain money during that process.
• 18:07
  Speaker 5: Absolutely, yeah, but you can have a stop loss in
• 18:09
  Speaker 5: place that mitigates your risk, and then you can have
• 18:11
  Speaker 5: a predetermined target.
• 18:12
  Speaker 4: A lot of people they'll just hit by and hope
• 18:15
  Speaker 4: that it goes up. And I'm like, hope.
• 18:16
  Speaker 5: It was a great strategy for Obama, But financially that's
• 18:19
  Speaker 5: something we can't do.
• 18:20
  Speaker 2: So what's the S ANDP right at? Right now, it's.
• 18:23
  Speaker 5: Back in its close to the three thousands thirty five
• 18:27
  Speaker 5: hundred range.
• 18:28
  Speaker 2: And then so all right, so thirty five hundred, let's
• 18:30
  Speaker 2: just say thirty und could be on know when this
• 18:31
  Speaker 2: will come out, So let's say thirty five hundred smps
• 18:34
  Speaker 2: right now? Right? So I get up yep, I buy
• 18:37
  Speaker 2: a future on it, YEP, and I have a target
• 18:41
  Speaker 2: of thirty five oh one of thirty five oh one. Yes,
• 18:45
  Speaker 2: I have a stop loss of.
• 18:48
  Speaker 5: Let's say you can put it at twenty nine ninety
• 18:50
  Speaker 5: eight for easy numbers.
• 18:51
  Speaker 2: All right, so the stop losses once. If it goes
• 18:55
  Speaker 2: I stop my losses. That's why it's goned to stop
• 18:56
  Speaker 2: stop your losses. So you don't just it's not like
• 18:59
  Speaker 2: a nose dive market just starts to tank. It's like, okay,
• 19:01
  Speaker 2: oh yes.
• 19:02
  Speaker 4: Because then you can lose all of your money in.
• 19:03
  Speaker 2: You're sold at that point.
• 19:04
  Speaker 3: That can go down to one thousand yep.
• 19:06
  Speaker 2: But when it gets to the point where you're actually
• 19:08
  Speaker 2: say comfortable buying selling it at.
• 19:10
  Speaker 4: Then it's sold absolutely automatically.
• 19:13
  Speaker 2: Okay. So but now it's like if it goes past that,
• 19:20
  Speaker 2: what if it just keeps going, I.
• 19:21
  Speaker 4: Can't have fomo. You have to be think of it
• 19:23
  Speaker 4: as a business.
• 19:24
  Speaker 5: McDonald's doesn't sell number one for ten dollars to one person,
• 19:29
  Speaker 5: then twenty five to another.
• 19:31
  Speaker 4: All the prices are the same.
• 19:32
  Speaker 5: So you want to run it like a business where
• 19:34
  Speaker 5: I'm like, okay, when I approach the market, anytime that
• 19:36
  Speaker 5: I hit over a certain number, I'm happy a because
• 19:39
  Speaker 5: I remember when I was broke and had no money,
• 19:42
  Speaker 5: and then b it's not in my business plan to
• 19:44
  Speaker 5: take more than a certain amount of trades. Today, a
• 19:46
  Speaker 5: lot of people will get in, they'll start and black like, oh,
• 19:48
  Speaker 5: I want to take fourteen fifteen trades.
• 19:50
  Speaker 4: I'm like, that's not in your plan.
• 19:53
  Speaker 5: So we have to, especially our people, we have to
• 19:54
  Speaker 5: exercise a lot of discipline. And the financial market is
• 19:57
  Speaker 5: because we're so far behind, and people try and get
• 20:00
  Speaker 5: U portraying and it's like, you should have been investing
• 20:03
  Speaker 5: ten years ago. I mean, even me knowing what I
• 20:05
  Speaker 5: know now, me not putting every dollar into the market.
• 20:09
  Speaker 5: When Art told me to cost me twelve million dollars. Wow,
• 20:12
  Speaker 5: So it's like, wow, that's why I tell him. I'm like, damn,
• 20:15
  Speaker 5: I should have listened to you.
• 20:16
  Speaker 4: I'm sorry.
• 20:17
  Speaker 5: He was like, but you're further ahead than you were
• 20:19
  Speaker 5: and could have been. But I'm like, yeah, but I
• 20:21
  Speaker 5: want to twelve. But he was like, but you have
• 20:23
  Speaker 5: to go all in when you get the information. And
• 20:24
  Speaker 5: we all sit and wish we would have invested. Were
• 20:26
  Speaker 5: talking about it before we started recording. Could have bought
• 20:29
  Speaker 5: City Bank of America. Apple was super cheap, MasterCard was cheap.
• 20:34
  Speaker 4: We sat on the sidelines.
• 20:35
  Speaker 5: And then but you know, some j's came out when
• 20:37
  Speaker 5: we got to Jay's and we partied, don't win on vacation.
• 20:39
  Speaker 4: We have to put our money here first.
• 20:41
  Speaker 2: And you said, it's only like two hours a day
• 20:43
  Speaker 2: where you should actually be our.
• 20:45
  Speaker 4: Yeah, two hours maximum the opening.
• 20:46
  Speaker 2: The clothes, where you should even uh, you don't like
• 20:49
  Speaker 2: to hear what is it? What do you call it?
• 20:51
  Speaker 4: Short term?
• 20:52
  Speaker 2: All right, so only two hours a day where you
• 20:53
  Speaker 2: should do short term investing. Yes, opening, which is eight
• 20:56
  Speaker 2: thirty in the morning, Yeah, thirty nine, Yeah, closing which
• 21:01
  Speaker 2: is thirty yeah, three.
• 21:03
  Speaker 5: Thirty, four thirty, and then you should be done. Just
• 21:05
  Speaker 5: wrap it up. And that's Eastern time. And wrap it
• 21:07
  Speaker 5: up because in the middle, that's where a lot of
• 21:09
  Speaker 5: the amateurs play. There's not as much liquidity. So think
• 21:11
  Speaker 5: of it as if you own the store, all your
• 21:13
  Speaker 5: highest volume, let's say, if you're on a restaurant, will
• 21:16
  Speaker 5: be breakfast and dinner time. In the middle, there's not
• 21:19
  Speaker 5: as many people buying, Like you literally can see volume
• 21:22
  Speaker 5: get cut in half. And I'm like, don't trade in
• 21:24
  Speaker 5: the middle because there's not enough people. Because all the
• 21:26
  Speaker 5: market is is a bunch of people agreeing to buy
• 21:28
  Speaker 5: and tell at a particular price. Everybody goes away at lunch,
• 21:32
  Speaker 5: so come back at the close and then just be
• 21:34
  Speaker 5: disciplined to stick to your hours.
• 21:35
  Speaker 3: You say that one of your rules that never to
• 21:37
  Speaker 3: give up more than one point six percent on any trade.
• 21:39
  Speaker 3: Can you explain that?
• 21:41
  Speaker 5: So you have to have like a predetermined like risk
• 21:43
  Speaker 5: of reward ratio, and so like let's say if we
• 21:46
  Speaker 5: were playing ball outside and if we hit two three pointers,
• 21:49
  Speaker 5: we got fifty thousand dollars.
• 21:51
  Speaker 4: Great.
• 21:53
  Speaker 5: I think anybody in this room, no matter how often
• 21:56
  Speaker 5: we play, we can hit two shots, right. But most
• 21:59
  Speaker 5: people when they trade, they're risking fifty percent of their capital.
• 22:02
  Speaker 5: So if you miss them first two shots, you lose
• 22:05
  Speaker 5: all your money. So if you cap it at one
• 22:07
  Speaker 5: point six percent or two percent maximum, if you lose two.
• 22:10
  Speaker 4: Trades, you're only down four percent.
• 22:12
  Speaker 7: Your wife or your lady won't kill you. You're not messing
• 22:15
  Speaker 7: up the kids college fun, and then your emotions aren't
• 22:18
  Speaker 7: messed up. Whereas if you're risking fifty percent man two trades,
• 22:22
  Speaker 7: your lady hate you. You messed up the bag for
• 22:24
  Speaker 7: the kid, and now you are beating yourself up because
• 22:27
  Speaker 7: we as Black people have.
• 22:28
  Speaker 4: So much trauma tied with money and not having it.
• 22:31
  Speaker 5: Any loss has hurt us more than other races I
• 22:34
  Speaker 5: found out personally.
• 22:36
  Speaker 2: So, yeah, you know, you don't get wiped out, take
• 22:38
  Speaker 2: it out the game. You don't. One bad day could
• 22:41
  Speaker 2: take you out the game. Yeah, and we're seeing it.
• 22:43
  Speaker 5: And of course during a recession, so like when people
• 22:46
  Speaker 5: will over leverage. A lot of the banks went under
• 22:49
  Speaker 5: because they had assumed too much risk.
• 22:51
  Speaker 2: But a lot of it is psychology too, because like
• 22:53
  Speaker 2: if you so, it's all synonymous with gambling. And I
• 22:56
  Speaker 2: always tell people that investing is a game of knowledge. Yes,
• 22:59
  Speaker 2: gambling is a game of chance, but especially short term trading,
• 23:04
  Speaker 2: highly expecutive investments, it very it's synonymous with gambling. And
• 23:10
  Speaker 2: you get the same feeling as a game. Like if
• 23:11
  Speaker 2: you gamble, you get a euphoria, You get a feeling.
• 23:14
  Speaker 2: You never look at it when you If you gamble
• 23:16
  Speaker 2: and you win ten thousand on the crab table, you
• 23:18
  Speaker 2: don't look at like you won ten thousand. You look
• 23:20
  Speaker 2: at it like you could potentially win one hundred thousand, yep.
• 23:23
  Speaker 2: And if you stop playing, you don't look you look
• 23:26
  Speaker 2: at it like you lost ninety it's the same thing.
• 23:29
  Speaker 2: It's the same thing with short term investing. So that's
• 23:34
  Speaker 2: the dangerous part for me is like people, you go
• 23:39
  Speaker 2: down because you start to make money very quickly, very fast.
• 23:42
  Speaker 2: So if you make five hundred dollars in an hour,
• 23:44
  Speaker 2: it's like a it's like a high. Yeah, you feel
• 23:46
  Speaker 2: like you feel invincible. Yeah, at that point, But then
• 23:49
  Speaker 2: you just have to stop because after you lose a
• 23:52
  Speaker 2: certain amount of money. And we've all been there, we
• 23:54
  Speaker 2: made money, gave it back, or spent it. But once
• 23:57
  Speaker 2: you have to have a higher purpose for what the
• 23:59
  Speaker 2: moneys for. For me being broke, like I need freedom
• 24:02
  Speaker 2: for myself and then also for my son because I
• 24:05
  Speaker 2: know what, when I have the conversation with my dad,
• 24:07
  Speaker 2: I'm like, if you had have put away ten grand
• 24:10
  Speaker 2: and thirty years, it would have been one point too.
• 24:11
  Speaker 5: My dad had them to cry. My dad's smart, been
• 24:14
  Speaker 5: in business for a long time. He was like, I
• 24:16
  Speaker 5: just didn't know, Like it's not that I wouldn't have
• 24:18
  Speaker 5: put the money away for you. I just had no clue.
• 24:20
  Speaker 5: And of course in the seventies and eighties, this information
• 24:23
  Speaker 5: wasn't flowing.
• 24:24
  Speaker 2: Around at all. No, it's all right, So in the
• 24:26
  Speaker 2: next seven we're gonna go into some more some more information.
• 24:28
  Speaker 2: But yeah, the day trading or short term trading, not.
• 24:33
  Speaker 4: A short term swing trading the same thing.
• 24:35
  Speaker 5: Yeah, So you can hold it for multiple days, so
• 24:37
  Speaker 5: for like a thirty day period, so you're holding it,
• 24:39
  Speaker 5: so then you have a higher probability because you can
• 24:42
  Speaker 5: hold it for multiple days.
• 24:43
  Speaker 4: But it costs more to do that.
• 24:44
  Speaker 5: So even that, so if you swing trade the S
• 24:47
  Speaker 5: and P five hundred, it costs almost seven thousand because
• 24:51
  Speaker 5: most of us are blocked out from being able to
• 24:54
  Speaker 5: do that, because the win ratio is higher with swing
• 24:58
  Speaker 5: trading because you're holding it over multiple days. You may
• 25:00
  Speaker 5: get a bad price on the S and P Monday,
• 25:02
  Speaker 5: but then by Thursday it's back up, so you're fine.
• 25:05
  Speaker 5: And yeah, and listen, Investing is risky, especially on a
• 25:09
  Speaker 5: short term sign if you are not disciplined. And I
• 25:11
  Speaker 5: always say, like, if you don't have ten grand, put
• 25:13
  Speaker 5: into the market a ten grand and save, you shouldn't
• 25:15
  Speaker 5: because most people want to treat it's like they are
• 25:17
  Speaker 5: gonna flip money.
• 25:18
  Speaker 4: I'm like, flipping doesn't work in the streets.
• 25:21
  Speaker 5: Like you either get jammed up, have to get a lawyer,
• 25:23
  Speaker 5: or you end up giving it all away, so we
• 25:24
  Speaker 5: have to. I want us to take that drug mentality
• 25:27
  Speaker 5: away and run a market, even though a lot the
• 25:29
  Speaker 5: Wall Street trapping name I love, I love the content,
• 25:32
  Speaker 5: No share with that because I love your material. I
• 25:35
  Speaker 5: want us to start to think bigger about what we
• 25:37
  Speaker 5: can achieve and long term pass.
• 25:40
  Speaker 4: On money and to be able to even help our friends.
• 25:43
  Speaker 2: So all right, okay, So in the next segment, we're
• 25:47
  Speaker 2: gonna talk about some more things. I was investing, okay,
• 25:50
  Speaker 2: So as far as trading right, whether you're trading commodities,
• 25:56
  Speaker 2: whether you're trading stocks, whether you're trading futures. Like you said,
• 26:00
  Speaker 2: it's practice makes it perfect, right, and you could becoming
• 26:04
  Speaker 2: good at anything if you have good habits and if
• 26:07
  Speaker 2: you apply yourself here, how can somebody become a good trade?
• 26:09
  Speaker 3: Like?
• 26:09
  Speaker 2: What is some tips to improve somebody's trading?
• 26:12
  Speaker 5: That's the best thing. When you sign up with any platform,
• 26:15
  Speaker 5: they let you practice for free. Most people want to
• 26:17
  Speaker 5: start making money right away, and a short term investment
• 26:21
  Speaker 5: is more like a sport. So I can't expect to
• 26:23
  Speaker 5: go to the league. If I'm putting up two jumpers
• 26:25
  Speaker 5: a day, I don't care how good the two jumpers
• 26:27
  Speaker 5: are under different conditions, I won't be able to perform well.
• 26:30
  Speaker 5: So I tell people like, start off practicing and take
• 26:32
  Speaker 5: one hundred trades, see how it goes for you, then
• 26:34
  Speaker 5: take it. That's before you put one dollars.
• 26:36
  Speaker 2: Simulate it.
• 26:37
  Speaker 5: Simulate it, because then you'll get comfortable and say, Okay,
• 26:40
  Speaker 5: either I do have the discipline to do this or
• 26:43
  Speaker 5: I don't. For me, coming from East Chicago, Indiana poor area,
• 26:47
  Speaker 5: when I got introduced to long term investment and short
• 26:51
  Speaker 5: it clicked to me right away, I'm like, wait, So
• 26:53
  Speaker 5: if I put it in one hundred shares here and
• 26:56
  Speaker 5: I get four pennies up in movement on the ES,
• 26:58
  Speaker 5: I can make twelve fifty. I'm like, I'm sold. I'm like,
• 27:02
  Speaker 5: but most people may not have a discipline because they
• 27:03
  Speaker 5: may not believe in themselves. And we see it with
• 27:05
  Speaker 5: business owners all the time who should have more growth.
• 27:08
  Speaker 5: They are the limitations or the governor and their own business.
• 27:11
  Speaker 5: But you can start with any broker's platform and then
• 27:13
  Speaker 5: just practice it.
• 27:13
  Speaker 3: So it's on the brokers platforms they have actual simulators.
• 27:16
  Speaker 3: Because that's a good thing to know, especially when we're
• 27:17
  Speaker 3: trying to teach kids to actually do.
• 27:20
  Speaker 5: And for kids, they have a game called Chartcut, So
• 27:22
  Speaker 5: it's a game that you can download the app store
• 27:25
  Speaker 5: and you literally can if you think the market is
• 27:27
  Speaker 5: going to.
• 27:27
  Speaker 4: Go up, hit by, if you think it's going to drop,
• 27:29
  Speaker 4: hit sell, and you.
• 27:29
  Speaker 2: Can practice there simulated trading. I'm glad you said that,
• 27:33
  Speaker 2: especially for children is extremely extremely valuable because spot especially trading,
• 27:39
  Speaker 2: it's a competitive sport. It is so like a lot
• 27:42
  Speaker 2: of schools, even for teachers. A lot of time, I
• 27:44
  Speaker 2: always recommend, like if you want to do like an
• 27:46
  Speaker 2: investment club for your class, and you can start with
• 27:48
  Speaker 2: like fake money, think of I'm a prize whoever wins.
• 27:51
  Speaker 2: Colleges do that all the time all the time, and
• 27:53
  Speaker 2: it's like, hey, you're learning, but it's always good to
• 27:56
  Speaker 2: have some kind of competition in place. And then you realize,
• 27:59
  Speaker 2: like it's that actually exciting, Like I mean, like anybody
• 28:01
  Speaker 2: really is involved with like trading stocks or investing on
• 28:05
  Speaker 2: a high level. It's like a sport. Again, So simulation
• 28:10
  Speaker 2: is something that and like you said, it's you're not
• 28:13
  Speaker 2: making any money, but it's it's like you.
• 28:14
  Speaker 3: Have to practice this.
• 28:15
  Speaker 2: Yeah, it's the same as it's like the preseason, like
• 28:17
  Speaker 2: the preseason.
• 28:18
  Speaker 3: I think it's dope because, like I said in our
• 28:19
  Speaker 3: saw A program, we teach stocks. So we start we
• 28:22
  Speaker 3: teach them about the market, but then like they do
• 28:24
  Speaker 3: a simulate it and then they actually get to go
• 28:26
  Speaker 3: down to Wall Street and see how it's incredible. So
• 28:29
  Speaker 3: that's important. After we do the simulation, though, right now
• 28:32
  Speaker 3: it's time to get in the game, Like is there
• 28:33
  Speaker 3: a certain amount of money we need to have or like.
• 28:35
  Speaker 5: Yes, I would say start with two thousand, but before
• 28:37
  Speaker 5: you get to intra day trading, like, you have to
• 28:40
  Speaker 5: invest long term. So even though I love investing on
• 28:43
  Speaker 5: the short term, I made my chops and reputation off
• 28:47
  Speaker 5: long term investment. So the foundation is indexes, second layers
• 28:51
  Speaker 5: technology stocks to start there and then start with a
• 28:54
  Speaker 5: thousand and two thousand bucks. Don't put everything you have
• 28:57
  Speaker 5: into it because then when the money's involved, emotions come
• 29:00
  Speaker 5: out absolutely.
• 29:01
  Speaker 4: And then now you.
• 29:01
  Speaker 5: Have to stick to your rule of one or two
• 29:03
  Speaker 5: trades a day and not forty five trades and not
• 29:06
  Speaker 5: trading a four x and crypto and everything at the
• 29:08
  Speaker 5: same time, Like you have to be very disciplined. So start
• 29:10
  Speaker 5: small and then earn your way up to put it
• 29:12
  Speaker 5: in more. Most people just want to throw in ten
• 29:14
  Speaker 5: grand and hope it goes up, and I'm like, you
• 29:16
  Speaker 5: can't hope. You have to practice your way through this
• 29:19
  Speaker 5: to be able to do better.
• 29:20
  Speaker 3: One of the things you said too, I heard an
• 29:21
  Speaker 3: envy was like people just throw money into an investment
• 29:25
  Speaker 3: and they just leave it there. Yeah, Like there has
• 29:26
  Speaker 3: to be some discipline where you have like, all right,
• 29:28
  Speaker 3: every month, I need to throw this certain amount about
• 29:31
  Speaker 3: that a little bit.
• 29:32
  Speaker 5: Yeah, So you want to set goals in place. So
• 29:35
  Speaker 5: even if you only let's say you get one pennyworth
• 29:38
  Speaker 5: of movement on bonds and you max out your contracts,
• 29:41
  Speaker 5: you can get six and a quarter percent growth on
• 29:44
  Speaker 5: one pennyworth of movement.
• 29:45
  Speaker 4: You don't have to be great to do that.
• 29:47
  Speaker 5: So I tell my students you have to have one
• 29:49
  Speaker 5: small target you can hit every day, because, let's be honest,
• 29:51
  Speaker 5: you have to produce. Even if emotions are there, you're
• 29:55
  Speaker 5: having a bad day, you've been fighting with your significant other,
• 29:57
  Speaker 5: you still have to make money because bills are going
• 29:59
  Speaker 5: to come in. And then go for a longer target.
• 30:01
  Speaker 5: So that's when I tell them to do like a
• 30:02
  Speaker 5: fifteen point target. So if you lose one trade let's
• 30:06
  Speaker 5: say if you even lose five, when you hit that
• 30:09
  Speaker 5: fifteen point target, it erases all the previous losses.
• 30:11
  Speaker 4: And now you're in profit of ten. But it's a sport.
• 30:14
  Speaker 5: It's no different than playing basketball, mma, which my son
• 30:18
  Speaker 5: loves to do.
• 30:19
  Speaker 4: Heyes, Ander, I love you. Or we all went to
• 30:23
  Speaker 4: school with people who were.
• 30:24
  Speaker 5: Really talented and then end up not doing well because
• 30:27
  Speaker 5: they were just lazy as hell, Like we look at
• 30:30
  Speaker 5: James Harden of course in Houston Lebron. Regardless of what
• 30:34
  Speaker 5: you think of him. Man, the kid worked hard, works hard,
• 30:37
  Speaker 5: puts a lot of money to his body in the offseason.
• 30:39
  Speaker 5: So you have to treat the investing part the same way.
• 30:42
  Speaker 2: Yeah. So all right, so you said the first lady
• 30:45
  Speaker 2: should be index funds. Yes, the second lader should be tech.
• 30:48
  Speaker 2: I'm glad you said don't want to talk about tech
• 30:50
  Speaker 2: a little bit because I'll tell people all the time, like,
• 30:52
  Speaker 2: if you don't know anything, just invest in tech absolutely,
• 30:55
  Speaker 2: because technology is not the way of the future is
• 30:58
  Speaker 2: right now. It's now and it always has Yeah, every
• 31:00
  Speaker 2: industry is effective by tech, like this is there's a
• 31:04
  Speaker 2: mutual fund called the Diamond Tech Fund. Franklin Templeton yep.
• 31:08
  Speaker 2: And it's up like sixteen percent a year for the
• 31:10
  Speaker 2: last ten years easily, and it has like all of
• 31:13
  Speaker 2: the big tech companies in it, like Google, Apple, Amazon,
• 31:18
  Speaker 2: So it's like it's the dummies way to invest, like
• 31:23
  Speaker 2: I mean.
• 31:23
  Speaker 5: Because our lives are rule by technology, even back when
• 31:26
  Speaker 5: that's assembly line before that was the technological innovation that made.
• 31:29
  Speaker 4: Ford great at that time.
• 31:31
  Speaker 5: Then IBM, of course in the Apple and Microsoft had
• 31:33
  Speaker 5: been in a great run. Netflix, Facebook, Google, I mean,
• 31:37
  Speaker 5: and I tell people like invest the major tech companies
• 31:40
  Speaker 5: you heard of. If it's a biotech company that you
• 31:42
  Speaker 5: never heard of in Delaware, don't touch it. We all
• 31:45
  Speaker 5: have heard of Facebook, Amazon, Google, and Netflix. So those
• 31:49
  Speaker 5: are easy and like you said, an easy way to
• 31:51
  Speaker 5: invest because we because I ask entrepreneurs if I can
• 31:53
  Speaker 5: walk you into Steve Jobs office when he was alive
• 31:56
  Speaker 5: and he would give you a grant for your business,
• 31:59
  Speaker 5: which you take the grant from Steve. Everybody says, yeah,
• 32:02
  Speaker 5: how much money have you invested in Apple? Then, because
• 32:05
  Speaker 5: it comes down to who's the better entrepreneur. I'm not
• 32:08
  Speaker 5: better than the CEO of Google, no matter how much
• 32:10
  Speaker 5: ego I have, I'm not I'm not better than Zuckerberg.
• 32:13
  Speaker 5: But I can tie my money into him and their
• 32:15
  Speaker 5: performance and make money.
• 32:17
  Speaker 4: Off of them.
• 32:18
  Speaker 5: And especially in our community, we know who the hottest
• 32:21
  Speaker 5: players are, who the hottest rappers are.
• 32:24
  Speaker 4: We make it that way. Yeah, and we make it
• 32:25
  Speaker 4: that way.
• 32:25
  Speaker 5: So even when I went to E C Centro and
• 32:27
  Speaker 5: talk to the kids, I'm like, who's hotter Cardi or
• 32:30
  Speaker 5: MC light? Most of the kids like who is the
• 32:32
  Speaker 5: mc light? Now yeah, it's like it's like Cardi's hotter? Okay, cool,
• 32:37
  Speaker 5: Cardi is Apple, And okay, who's hotter Drake or rock him?
• 32:42
  Speaker 4: Peace to the God?
• 32:43
  Speaker 5: But Drake would be like Microsoft, So these are easy
• 32:48
  Speaker 5: best You have like top five performers in every industry
• 32:50
  Speaker 5: and just tie your money into them and you'll be okay.
• 32:54
  Speaker 2: So why are you so big on indexes though? Because
• 32:57
  Speaker 2: it's a debate between like indexes. Warren Buffett is believing
• 33:02
  Speaker 2: index He's believing he's like just pushing my index fine
• 33:05
  Speaker 2: if you don't know, not, no, it's just pushing my
• 33:06
  Speaker 2: index line. And a lot of people like that. Yeah,
• 33:09
  Speaker 2: but then people want.
• 33:12
  Speaker 4: Are you anti index?
• 33:15
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• 36:05
  Speaker 2: I'm not okay, but I'm just interested to get your
• 36:08
  Speaker 2: perspective on it. Like why why is index funds the
• 36:12
  Speaker 2: top level for you?
• 36:14
  Speaker 4: Yeah?
• 36:14
  Speaker 5: Because it provides a certain level of safety. So let's
• 36:17
  Speaker 5: make it a comparison like the Knicks. GM has had
• 36:21
  Speaker 5: a lot of opportunity to draft some good players. He
• 36:24
  Speaker 5: has not for the longest time. So let's say we're
• 36:27
  Speaker 5: going to be in GM of picking stocks. Okay, so
• 36:31
  Speaker 5: we can either pick one individual company which we may
• 36:34
  Speaker 5: have a bust on, or an index fund is nothing
• 36:36
  Speaker 5: more than an All Star team. So if I give
• 36:38
  Speaker 5: you the Eastern All Stars to go against Orlando, who
• 36:41
  Speaker 5: do you think is going to win? All Star team
• 36:45
  Speaker 5: is going to win? So like when you pick index funds.
• 36:48
  Speaker 5: You're taking the best of the best companies and even
• 36:49
  Speaker 5: if you miss a great company, by having a collective
• 36:52
  Speaker 5: there or a basket, it'll be able to go up.
• 36:54
  Speaker 5: And then this year had an amazing run, like it
• 36:56
  Speaker 5: was up twenty seven percent like to this year was
• 36:59
  Speaker 5: a great year. And I know some people don't like them,
• 37:02
  Speaker 5: but it's like Buffett does it a lot of the
• 37:04
  Speaker 5: major hedsphones. And then if you want to get more technical,
• 37:06
  Speaker 5: like all the money they've been pumping into the market
• 37:08
  Speaker 5: will quantitative ease. And since the recession, that's another reason,
• 37:12
  Speaker 5: like always help people. The market is rigged to stay
• 37:14
  Speaker 5: up because when the market happens, or a recession happens,
• 37:17
  Speaker 5: people die, divorces are the higher rate businesses never recover.
• 37:22
  Speaker 5: So it's the economic engine that keeps pumping. And we
• 37:25
  Speaker 5: have to tire our money to where the money is
• 37:28
  Speaker 5: and where it's flowing easily.
• 37:29
  Speaker 2: So all right, And another thing with the index fund
• 37:31
  Speaker 2: is that you can actually invest Most retirement plans, most
• 37:34
  Speaker 2: fall on k's have an option where it's like the
• 37:35
  Speaker 2: S ANDP, you can invest in an index fund inside
• 37:37
  Speaker 2: of your retirement what dreaming to my next question? So
• 37:41
  Speaker 2: what stocks should people invest in for retirement.
• 37:45
  Speaker 5: The two biggest technology companies that are keep us up. Well,
• 37:47
  Speaker 5: my plan is very simple to indexes two tech because
• 37:51
  Speaker 5: if you make if you invest in twenty five companies,
• 37:53
  Speaker 5: you made your own mutual fund. Why now you can
• 37:56
  Speaker 5: talk if from an asset allocation standpoint that you should
• 37:59
  Speaker 5: have and tech ruin runs our lives. So whether Amazon
• 38:06
  Speaker 5: takes over or Apple takes over, it's going to be
• 38:08
  Speaker 5: two tech giants always tie your money.
• 38:11
  Speaker 4: And you can go back and look at IBM.
• 38:12
  Speaker 2: So what tech giants look right now?
• 38:14
  Speaker 4: I've always advised Apple and Microsoft.
• 38:16
  Speaker 5: Now Google, well, if you can afford it, Google's too
• 38:20
  Speaker 5: pricey for most people.
• 38:22
  Speaker 4: That is true. Yeah, it's too pricey.
• 38:23
  Speaker 5: If you can do Google, absolutely, but I know most
• 38:25
  Speaker 5: in our community they can't afford where Google is. I
• 38:28
  Speaker 5: mean I recommended Amazon and Google in twenty fifteen to
• 38:31
  Speaker 5: twenty sixteen, and Amazon before it got two thousand this year.
• 38:35
  Speaker 5: Once to hit a thousand of share, most people it's
• 38:36
  Speaker 5: like I don't have enough money to buy one.
• 38:38
  Speaker 2: Share to buy one Yeah, Amazon's gonna keep going up
• 38:42
  Speaker 2: to infinity.
• 38:42
  Speaker 5: Yeah, they the king of retail. Yeah, So if you
• 38:45
  Speaker 5: guys can afford it, do it.
• 38:48
  Speaker 2: No stopping. Yeah, yeah, okay, And that's just that's the
• 38:52
  Speaker 2: retirement strategy, yep, because those companies are never going to afford.
• 38:56
  Speaker 5: Never, and if so, someone's gonna overtake them. So even
• 38:59
  Speaker 5: with Marksoft, like I'm thirty seven, Microsoft is popular, Windows
• 39:03
  Speaker 5: ninety five was popular, and Bill Gates had that company
• 39:06
  Speaker 5: doing well in the mid nineties. So even like twenty
• 39:10
  Speaker 5: grand or ten grand back in the nineties now would
• 39:13
  Speaker 5: be several hundred thousand dollars. Great companies tend to be
• 39:16
  Speaker 5: great for a long period of time, and shitty companies
• 39:19
  Speaker 5: go out of business really fast. So even you take Oracle,
• 39:22
  Speaker 5: any of the Silicon Valley tech giants, they've been around
• 39:25
  Speaker 5: for a long time. Salesforce with that ticker CRAM, Yeah,
• 39:30
  Speaker 5: they've been around forever. So that's why when like fly
• 39:33
  Speaker 5: by Night stuff comes up, like bitcoin, I'm like.
• 39:36
  Speaker 4: Why we'll get that?
• 39:37
  Speaker 3: Yeah?
• 39:38
  Speaker 4: Why touch it?
• 39:39
  Speaker 5: And if you don't know how to properly invest in,
• 39:41
  Speaker 5: like start with the big boys and think of it always.
• 39:44
  Speaker 5: You're you're drafting, so you want to draft the best players.
• 39:48
  Speaker 5: So I'm going to whether you like Lebron or not,
• 39:50
  Speaker 5: I'm Lebron's going to be one of the first people
• 39:52
  Speaker 5: I picked, Like Duranta's like a salesforce, like so on,
• 39:55
  Speaker 5: steady gets.
• 39:56
  Speaker 4: Better every year. Underrated.
• 39:59
  Speaker 5: But then a lot a lot of people are like, well,
• 40:00
  Speaker 5: I want to get a weed company.
• 40:03
  Speaker 4: Like can that falls through the floor.
• 40:05
  Speaker 5: And I'm like, why just because you smoke weed like
• 40:09
  Speaker 5: that doesn't make you an expert. And I feel like,
• 40:11
  Speaker 5: just tie your money to what's working. So we got
• 40:13
  Speaker 5: two tech stocks, and what are the two indexes?
• 40:17
  Speaker 4: Spy is it easy?
• 40:18
  Speaker 5: Or you can do vol which is Vanguard and then
• 40:20
  Speaker 5: the Dow Jones which is DA.
• 40:21
  Speaker 4: And keep it very very simple.
• 40:23
  Speaker 5: Keep it very simple, because you don't need twenty five
• 40:25
  Speaker 5: stocks in your retirement plan, because once you have so many,
• 40:28
  Speaker 5: they'll start to weigh down your portfolio. Well, you may
• 40:31
  Speaker 5: have a winner that's up twenty five percent, but the
• 40:32
  Speaker 5: loser may have lost twelve percent. And now you've cut
• 40:35
  Speaker 5: your retirement and half. And the number that we actually
• 40:37
  Speaker 5: need for retirement is five million in our community.
• 40:41
  Speaker 4: That's a hard as.
• 40:44
  Speaker 5: When you look at inflation and then also how many
• 40:47
  Speaker 5: kids you have one you have one.
• 40:49
  Speaker 4: Two, you have two. They're not cheap, no, it adds up.
• 40:53
  Speaker 5: And then also when we get in this position to
• 40:55
  Speaker 5: be fortunate financially, we also have to help other people,
• 40:58
  Speaker 5: so it's the heavier on us. And then of course
• 41:01
  Speaker 5: it will cost of living going up. I mean, you
• 41:03
  Speaker 5: guys are living in a pricey state. It's not gonna
• 41:06
  Speaker 5: be cheap to you can't. There is no four or
• 41:08
  Speaker 5: five hundred dollars mortgage is here anymore, so that we.
• 41:10
  Speaker 4: Just need more money.
• 41:11
  Speaker 2: And then it's the four percent rule. Yeah, go ahead,
• 41:14
  Speaker 2: four percent rule. So if anybody's not familiar, that's what
• 41:17
  Speaker 2: most people say, like you should only take four percent
• 41:19
  Speaker 2: of your retirement account a year to make sure that
• 41:22
  Speaker 2: it stays forever. Yeah, So four percent of a million
• 41:26
  Speaker 2: is forty thousand dollars. When you look at it, like,
• 41:28
  Speaker 2: that's not that much money.
• 41:29
  Speaker 5: You're at break even pretty much, right, So maybe so.
• 41:33
  Speaker 2: Then five million, four percent of five million is two
• 41:34
  Speaker 2: hundred thousand dollars. So if you look at it from
• 41:37
  Speaker 2: that standpoint, especially with inflation and rise in health care costs,
• 41:41
  Speaker 2: not really a lot of money at all. Like God rustled,
• 41:43
  Speaker 2: so my grandmother gave all of our life savings away
• 41:47
  Speaker 2: trying to get back healthy once she had cancer, Like
• 41:49
  Speaker 2: My grandma probably went through two hundred grand maybe in
• 41:52
  Speaker 2: eight months. Wow, like going through key and I'm like,
• 41:55
  Speaker 2: they're with her. So the businessman to me and my
• 41:57
  Speaker 2: dad is seeing it, He's like, there's forty chairs in here,
• 42:01
  Speaker 2: like and they're charging twenty five hundred air five.
• 42:04
  Speaker 3: This is a business.
• 42:05
  Speaker 5: So it's great for the healthcare field, but for us well,
• 42:09
  Speaker 5: if we ever have any disaster or because we're all
• 42:12
  Speaker 5: going to have a downturn, at some point, something will happen,
• 42:15
  Speaker 5: and that's why we need more money put away.
• 42:17
  Speaker 4: It costs a lot of money.
• 42:18
  Speaker 5: And look at all the bankruptcies that happened because of
• 42:20
  Speaker 5: high hospital bills. Like I have a friend that had
• 42:22
  Speaker 5: a two hundred thousand dollars bill last year. It's like
• 42:26
  Speaker 5: you can try and write it off a five bankruptcy,
• 42:28
  Speaker 5: but it's like it's going to dig a deeper hole
• 42:30
  Speaker 5: for you.
• 42:31
  Speaker 2: So four X, which is we're gonna do an episode.
• 42:34
  Speaker 2: We're going to do a whole episode of us. Stop asking.
• 42:37
  Speaker 2: We appreciate it, We got it.
• 42:39
  Speaker 3: We heard you had some thoughts about.
• 42:42
  Speaker 2: It, but yeah, currency trading four X, So why are
• 42:45
  Speaker 2: you not a fan of four X?
• 42:47
  Speaker 5: The regulations are tough so if you do, it's gotten better.
• 42:51
  Speaker 5: So they are brokers here that are regulated. Finally, can
• 42:54
  Speaker 5: we just say it's not a new thing. No, you know,
• 42:57
  Speaker 5: like I'm working around kids all the time and they'll
• 42:59
  Speaker 5: try to approached me about it.
• 43:01
  Speaker 3: I'm like, guys, yeah, it's like it feels like a
• 43:03
  Speaker 3: new fad that's going on, but it's not because of Instagram.
• 43:06
  Speaker 2: It's on social media.
• 43:08
  Speaker 3: On social exactly.
• 43:09
  Speaker 4: Yeah.
• 43:09
  Speaker 5: And when people mentioned, they'll be like, well, one time
• 43:12
  Speaker 5: an investor took a trade and made two billion dollars.
• 43:15
  Speaker 5: I'm like, he wasn't traded on MT four Like that
• 43:18
  Speaker 5: was a bank play that he actually made, So that's different.
• 43:21
  Speaker 5: Currency trading from a bank standpoint is good, but a
• 43:25
  Speaker 5: you have to deal with regulation to the brokers are shitty.
• 43:28
  Speaker 5: So a lot of them take your money. Like I
• 43:30
  Speaker 5: have friends that invested in four X and then literally
• 43:32
  Speaker 5: all their money was taken. You aren't going to be
• 43:35
  Speaker 5: able to get at the best spots. And then when
• 43:37
  Speaker 5: you look at the major news outlets, nobody talks about
• 43:41
  Speaker 5: four X. First, I'm like, follow.
• 43:43
  Speaker 4: What the money is.
• 43:44
  Speaker 5: I've never heard three heads fund managers ever mentioned four
• 43:48
  Speaker 5: X on TV or in writing. It's just not a
• 43:50
  Speaker 5: good thing to invest in because you're trading against other people.
• 43:54
  Speaker 4: And let's say you do get twenty.
• 43:55
  Speaker 5: Five pips a day. Because we all see the postal
• 43:57
  Speaker 5: Instagram fourteen fifteen. I'm like, I don't know how your
• 44:02
  Speaker 5: bills are structured, but that one hundred dollars win not
• 44:05
  Speaker 5: gonna do shit for me and my kid. Like, it's
• 44:07
  Speaker 5: not it's an amateur's market and it's a good place
• 44:10
  Speaker 5: to start. Have there been people that make money, yes,
• 44:14
  Speaker 5: but there are not a lot of more.
• 44:15
  Speaker 4: It has a ninety five percent loss rate.
• 44:18
  Speaker 3: Yeah, I feel like this thing like hit college campuses
• 44:20
  Speaker 3: and hit social media like wow.
• 44:21
  Speaker 5: And then the multi level marketing companies took over, and
• 44:24
  Speaker 5: I'm like, if you can actually trade.
• 44:26
  Speaker 4: Why do you need to recruit people?
• 44:27
  Speaker 5: And I tell people all the time whether you join me,
• 44:29
  Speaker 5: and I'm complete, like, you don't have to join. But
• 44:32
  Speaker 5: that's where the financial freedom, having no debt, having money
• 44:35
  Speaker 5: comes in because my I'm trying to be less dame
• 44:39
  Speaker 5: dashes and approach and be kinder, but I feel the
• 44:42
  Speaker 5: energy because it's like, if you're.
• 44:43
  Speaker 4: Financially free, you don't need to chase anybody.
• 44:45
  Speaker 3: Yeah, it becomes like you know what, like, what's the
• 44:48
  Speaker 3: fastest thing to get money right now? Especially for a
• 44:50
  Speaker 3: kid who's in college no money. It's like, I'll do this.
• 44:53
  Speaker 4: And I was that broke kid in college to understand it. Vulnerable.
• 44:56
  Speaker 5: Damn, they're all fast money is bad. Anybody I knew
• 44:59
  Speaker 5: who was making fast money in any endeavor they lost
• 45:01
  Speaker 5: it because when you make it too fast, you don't
• 45:03
  Speaker 5: appreciate it.
• 45:04
  Speaker 3: Kids, listen not please, please.
• 45:07
  Speaker 5: Or you can lose it and then say, hey, you
• 45:09
  Speaker 5: were right two or three years later, but please don't
• 45:11
  Speaker 5: touch for X.
• 45:12
  Speaker 4: And I know some of y'all love f X that
• 45:14
  Speaker 4: is trashed.
• 45:15
  Speaker 2: Can we talk about bonds for a little bit. So
• 45:17
  Speaker 2: bonds all right? You hear about stocks and bonds a lot.
• 45:20
  Speaker 2: We've covered stocks, we're covering stocks today, but we haven't
• 45:24
  Speaker 2: spoken about bonds yet. So bonds all right? So stocks,
• 45:28
  Speaker 2: you buy ownership of a company, and you buy stocking Apple.
• 45:32
  Speaker 2: You're part owner of Apple, right, Yes. Bonds kind of
• 45:35
  Speaker 2: like the reverse in a sense where you're loaning a company, yes,
• 45:38
  Speaker 2: or a municipality or country you're loaning no money, and
• 45:42
  Speaker 2: for you loaning no money, they're paying you a dividend. Yes,
• 45:46
  Speaker 2: over a set period of time. It's a coupons called coupon, right,
• 45:50
  Speaker 2: and it has a maturity, and maturity is like ten years,
• 45:53
  Speaker 2: so that's putting matures. So you put a thousand dollars in,
• 45:55
  Speaker 2: you have a ten percent coupon. Then you get one
• 45:59
  Speaker 2: hundred dollars every year, yeah, two times a year, like
• 46:02
  Speaker 2: fifty dollars two times a year, right, semi annually, and
• 46:05
  Speaker 2: then at the end of ten years you get your
• 46:07
  Speaker 2: hundred dollars back. That correct.
• 46:09
  Speaker 4: Yes, Okay, you're good at making it simple.
• 46:12
  Speaker 2: I always say, if eight year old can't understand it.
• 46:17
  Speaker 4: It's too complex, too complex.
• 46:18
  Speaker 5: The litmus test is always my son too, so like
• 46:21
  Speaker 5: that green means up, red means down, like drill Xander
• 46:24
  Speaker 5: on that all the time and he's like and as
• 46:26
  Speaker 5: you know.
• 46:26
  Speaker 4: Kids get it, they get it like super easy, and
• 46:29
  Speaker 4: they love it when they get it.
• 46:30
  Speaker 5: Yeah, because the adults, we are so fearful because we
• 46:32
  Speaker 5: made so many mistakes before, because we all wish that
• 46:35
  Speaker 5: we put more money in Apple ten years ago.
• 46:38
  Speaker 2: I remember when Google first came out on the stock market. Yeah,
• 46:40
  Speaker 2: I remember all of that from two thousand and eight, everything.
• 46:43
  Speaker 3: Invested, we invested I before they even announced the iPhone,
• 46:46
  Speaker 3: I had Apple and I got I got nervous man.
• 46:50
  Speaker 5: And it's a good tip too, Like if you want
• 46:52
  Speaker 5: to know if if a company is a good thing
• 46:54
  Speaker 5: to invest in, click on the ten year chart and
• 46:57
  Speaker 5: it should go up and be green. And the same
• 47:00
  Speaker 5: thing is like if you're in a relationship or marriage
• 47:02
  Speaker 5: after ten years, you know it.
• 47:04
  Speaker 2: Person, I'm glad you said that. I'm glad you said
• 47:06
  Speaker 2: that because I said I do that all the time.
• 47:08
  Speaker 2: It's like if I show them fund and stuff like that,
• 47:10
  Speaker 2: Like I look at it, like, Okay, what's the five
• 47:12
  Speaker 2: year rate of average? Ten year average? And since it's inception,
• 47:17
  Speaker 2: absolutely so, since its inception is when it was created,
• 47:19
  Speaker 2: so if it had like Franklin Dometech f on going
• 47:23
  Speaker 2: back to that, So since it's inception nineteen sixty eight,
• 47:27
  Speaker 2: is average nine point seven percent a year.
• 47:29
  Speaker 4: That's incredible.
• 47:30
  Speaker 2: So odds are Yep, it's average almost ten percent a
• 47:34
  Speaker 2: year for sixty years. Yep, I'm not going to fall
• 47:36
  Speaker 2: off the cliff and yet sixty one highly unlikely. Yep.
• 47:38
  Speaker 2: You know what you're gonna get now something that is
• 47:42
  Speaker 2: up forty seven percent for one year. But if I
• 47:44
  Speaker 2: look in ten years and it's minus one. I can't
• 47:47
  Speaker 2: trust you. Yeah, so you could look at four one
• 47:50
  Speaker 2: k's that all of them the same thing. It's like,
• 47:53
  Speaker 2: that's an easy way. That's the easiest way to look
• 47:56
  Speaker 2: to see if it's a good investment or not look
• 47:58
  Speaker 2: to see what it has done the future. It's always
• 48:01
  Speaker 2: dictated by the past.
• 48:02
  Speaker 4: Absolutely absolutely.
• 48:03
  Speaker 5: And then because if you look at all the legacy
• 48:05
  Speaker 5: companies and to make the analogies with players, bron has
• 48:08
  Speaker 5: been good since he came out, Lebron's and that's why
• 48:11
  Speaker 5: the wash King things funny, like eighty has been good
• 48:14
  Speaker 5: since this came in. The players that were terrible five
• 48:16
  Speaker 5: years ago, they're still terrible.
• 48:18
  Speaker 4: And that's true of companies as well.
• 48:20
  Speaker 5: So you looked at ten and fifteen year period and
• 48:22
  Speaker 5: like you said, since inception.
• 48:23
  Speaker 4: Like Apple has been a rocket.
• 48:25
  Speaker 5: And I make the joke all the time, but Forrest
• 48:27
  Speaker 5: Gump talked about Apple like there was a whole scene
• 48:29
  Speaker 5: carved out about how he invested money and how much
• 48:31
  Speaker 5: it grew, and Apple's continued to hit all time after
• 48:34
  Speaker 5: all time.
• 48:35
  Speaker 3: So we spoke about dividends when we spoke about bonds, Yeah,
• 48:37
  Speaker 3: what are your thoughts on stocks? Dividend stocks.
• 48:40
  Speaker 4: It's tough.
• 48:41
  Speaker 5: There's only a few that I like, Apple, Microsoft, Mandalay.
• 48:45
  Speaker 5: But my thing is, I want you to pair a
• 48:48
  Speaker 5: dividend play with a company that is growing, so you
• 48:52
  Speaker 5: still want to see that chart go up. A lot
• 48:53
  Speaker 5: of dividend plays they pay because they're a bad company.
• 48:57
  Speaker 5: So I always tell women it's like having a shitty
• 48:59
  Speaker 5: boyfriend that I'll buy you a Gucci bag. Is there
• 49:01
  Speaker 5: something that you really want to hold long term? I
• 49:04
  Speaker 5: like for the company to grow and they going to
• 49:07
  Speaker 5: pay us Like Apple and Microsoft are going to pay
• 49:09
  Speaker 5: a smaller dividend, but the growth is incredible opposed to
• 49:12
  Speaker 5: a company that may drop fifteen percent in the quarter,
• 49:15
  Speaker 5: but they're giving you a two dollars diviting. It's like,
• 49:17
  Speaker 5: am I really doing anything for you when your retirement
• 49:20
  Speaker 5: is being dragged down?
• 49:21
  Speaker 2: So but we didn't we didn't talk about bonds, Jack.
• 49:23
  Speaker 2: I wanted to go on somewhere with that. The bond,
• 49:25
  Speaker 2: So how do you make money on So now we
• 49:27
  Speaker 2: explain what bonds are, but how do you make money
• 49:29
  Speaker 2: on bonds? Because you said bonds is actually the best
• 49:31
  Speaker 2: thing to try. Bond's features, So yeah, how does that?
• 49:34
  Speaker 2: How does that work?
• 49:35
  Speaker 5: So there's a unit of measurement called a tick. Think
• 49:38
  Speaker 5: of it as a penny. So anytime that the bonds
• 49:42
  Speaker 5: go up or down that you can make money whether
• 49:45
  Speaker 5: the market goes up or down and pays thirty one
• 49:47
  Speaker 5: dollars and twenty five cent per tick or per penny.
• 49:51
  Speaker 5: So if you get fifty contracts and you ride it down,
• 49:54
  Speaker 5: you can make money really faster. Now, from a long
• 49:57
  Speaker 5: term investment play, there are some different theories of whether
• 49:59
  Speaker 5: youho to have bonds in your mix or not. You can,
• 50:02
  Speaker 5: but from a future standpoint, since it pays the most
• 50:05
  Speaker 5: and it moves slow.
• 50:06
  Speaker 4: So the thing about trading, what's.
• 50:08
  Speaker 3: The court for each contract when you trade in bonds?
• 50:10
  Speaker 4: Five hundred per same thing?
• 50:11
  Speaker 5: Yeah, the same thing, five hundred per So you can
• 50:14
  Speaker 5: get four pennies down with fifty contracts, and you can
• 50:17
  Speaker 5: make a few thousand in a day doing it that way.
• 50:20
  Speaker 4: And then this is the most important thing.
• 50:22
  Speaker 5: After you trade, you have to take a good portion
• 50:24
  Speaker 5: of the capital and then put it back into your
• 50:26
  Speaker 5: long term and not go right to bottle pop and
• 50:29
  Speaker 5: the vacations and tear down the mall and gallery or
• 50:31
  Speaker 5: where I'm in Houston.
• 50:32
  Speaker 3: So, yeah, are there any court where I think like
• 50:34
  Speaker 3: commission calls anything.
• 50:35
  Speaker 4: For that, Yeah, their costs.
• 50:36
  Speaker 5: You can buy a lifetime license and you can lower
• 50:38
  Speaker 5: and reduce your fees. So any financial transaction, you know
• 50:42
  Speaker 5: there's going to be a cost associated with or a fee.
• 50:44
  Speaker 5: But Ninja Trader has cheaper fees and I don't have
• 50:47
  Speaker 5: any affiliate deals with them. But the fee structure is
• 50:52
  Speaker 5: like a dollar forty five round trip, which is entry
• 50:56
  Speaker 5: and then the dollar forty five out, which is pretty
• 50:58
  Speaker 5: good because after you net profit, you're still walking away
• 51:02
  Speaker 5: with probably twenty eight bucks per participant.
• 51:04
  Speaker 4: Is there a difference between the commission calls and execution colls.
• 51:07
  Speaker 5: Yeah, but they put them all in so you know,
• 51:09
  Speaker 5: most brokerages they're going to have the different level of fees.
• 51:11
  Speaker 5: So there's an entry cost of course, like a data
• 51:14
  Speaker 5: feed and other things associated with it. But and the aggregate,
• 51:18
  Speaker 5: like it's worth it because if you went to a
• 51:21
  Speaker 5: bigger platform, like like I said, td Ameritrade, for the
• 51:24
  Speaker 5: S and P you'll have to pay almost seven thousand,
• 51:26
  Speaker 5: and then for bonds you will have to pay thirty
• 51:27
  Speaker 5: five hundred. I know almost black people don't have that
• 51:30
  Speaker 5: sitting around readily available. But for like and futures are
• 51:34
  Speaker 5: for worth for mostly institutional investors and private investors. So
• 51:39
  Speaker 5: that's why I've tried to wake people up around it
• 51:41
  Speaker 5: because I see so many people going to four x
• 51:43
  Speaker 5: and bitcoin and ethereum, and I'm like, invest where like
• 51:48
  Speaker 5: Paul Tutor Jones isn't going on c see you talking
• 51:51
  Speaker 5: about light coin? Like stop invest where the money and
• 51:55
  Speaker 5: big money flows and then you can argue it. And
• 51:58
  Speaker 5: this is my limitus test for everything. I'm like, how
• 52:01
  Speaker 5: much money are you making from it? You can theorize
• 52:04
  Speaker 5: how good something is, but I'm like, if bonds pays
• 52:06
  Speaker 5: the most invests there And I always tell people, Okay,
• 52:09
  Speaker 5: if you did your same job and I told you
• 52:11
  Speaker 5: can make one hundred times more at the same job,
• 52:14
  Speaker 5: what you switch companies? Yes, then I'm like, okay, then
• 52:17
  Speaker 5: leave for X alone, leave crypto alone, and then just
• 52:20
  Speaker 5: play butt. Like you said, you have competitions from day one.
• 52:23
  Speaker 5: So when you trade futures, you're trading against every top
• 52:25
  Speaker 5: trader and every top hedge fund day one. There is
• 52:29
  Speaker 5: no bitty ball. You're going against lebron Kawhi KD day one.
• 52:33
  Speaker 5: So that's what a practice part comes in.
• 52:35
  Speaker 2: All right, So In the last seven we're gonna talk
• 52:36
  Speaker 2: about your yeah yeah, read paying their platform and some
• 52:40
  Speaker 2: other tips for investors. All right, So this is the
• 52:44
  Speaker 2: question that anybody wants to know, like how much money,
• 52:45
  Speaker 2: what's realistic? And how much money can you make short
• 52:49
  Speaker 2: term trading a ton.
• 52:51
  Speaker 5: So when I first talked to the guy that introduced
• 52:55
  Speaker 5: me to the futures, I'm like, how much can I make?
• 52:56
  Speaker 4: And he was like, well, how much money can you
• 52:57
  Speaker 4: put up?
• 52:58
  Speaker 5: Because that determines how much you can But on a
• 53:01
  Speaker 5: short end, let's say you can trade one hundred shares
• 53:04
  Speaker 5: of the S and P five hundred and you only
• 53:07
  Speaker 5: get one penny worth of movement up or down. That
• 53:10
  Speaker 5: one penny represents twelve fifty. So if you get four
• 53:13
  Speaker 5: present how much twelve fifty two hundred and fifty.
• 53:16
  Speaker 4: So if you get four that would be five thousand.
• 53:19
  Speaker 5: Now, on average, the market will move anywhere from seventy
• 53:23
  Speaker 5: to ninety pennies in a day. I'm telling people only
• 53:27
  Speaker 5: go for one or four to start.
• 53:30
  Speaker 3: That's why you're saying invest first thing in the morning
• 53:32
  Speaker 3: and right before clothes.
• 53:33
  Speaker 5: Yep, because then you have all the volume coming through.
• 53:35
  Speaker 5: And then what bonds is bonds pay more, you can
• 53:39
  Speaker 5: make three four or five six thousand. So even with
• 53:41
  Speaker 5: four texts, if you do fifty shares, you can make
• 53:43
  Speaker 5: three thousand.
• 53:43
  Speaker 4: One hundred.
• 53:44
  Speaker 2: How much money invested, twelve thousand, five hundred, twelve thousand,
• 53:48
  Speaker 2: five hundred invested, Yeah, you can make how muche twenty five?
• 53:52
  Speaker 5: Yeah, and so the more you put in. So people
• 53:54
  Speaker 5: always ask how much should I start with? I'm like,
• 53:56
  Speaker 5: ten grand, twenty five grand. If you can do fifty, great,
• 54:00
  Speaker 5: if you can do one hundred better, Everyone's at different levels.
• 54:02
  Speaker 5: I'm like, but if you don't have ten, you should
• 54:04
  Speaker 5: not be inter day investing at all.
• 54:06
  Speaker 2: Long term investing, yeah, yeah, start there.
• 54:09
  Speaker 5: Like if you don't have ten put away, start with
• 54:12
  Speaker 5: that because Apple in ten years is going to be great.
• 54:15
  Speaker 5: And I think too many people like you said, try
• 54:17
  Speaker 5: and gamble because they're behind. But I'm like, start with
• 54:19
  Speaker 5: the basics. The first level is index funds, second is technology,
• 54:23
  Speaker 5: and then you can go to short term investing.
• 54:25
  Speaker 4: After that.
• 54:26
  Speaker 2: You have a strategy to make three and twenty five
• 54:30
  Speaker 2: dollars in a day trading bond futures. Yeah, I said
• 54:32
  Speaker 2: very specific number.
• 54:35
  Speaker 5: So yeah, because each penny is thirty one twenty five
• 54:38
  Speaker 5: per So you guys can do the math. If you
• 54:39
  Speaker 5: do fifty contracts, you have four pennies times thirty one
• 54:43
  Speaker 5: point twenty five, that gives you thirty one twenty five.
• 54:47
  Speaker 4: So it's a day. Yeah, in a day.
• 54:50
  Speaker 2: How do you do that?
• 54:51
  Speaker 5: So you have place the order. So let's say I
• 54:52
  Speaker 5: think bonds are falling, I will place the order. Let's
• 54:55
  Speaker 5: say at fifty six twenty five the market will there
• 54:59
  Speaker 5: will be tag the way. I have an exit point
• 55:02
  Speaker 5: for those four pennies. I will buy fifty shares of it,
• 55:05
  Speaker 5: and then if it drops that four it automatically takes
• 55:08
  Speaker 5: me out. So you don't have to worry about, well,
• 55:09
  Speaker 5: what if it goes down eight and comes back.
• 55:11
  Speaker 3: To your stop loss? Yeah?
• 55:13
  Speaker 5: Yeah, And then you have a predetermined target. So on
• 55:15
  Speaker 5: every trade you need a predetermined target or a target
• 55:18
  Speaker 5: that you're gonna hit. So think of it like a
• 55:20
  Speaker 5: sales goal. Like once you hit that goal, you have
• 55:22
  Speaker 5: to stop. So a lot of people when they trade,
• 55:25
  Speaker 5: they want to leave the money in all day. It's
• 55:27
  Speaker 5: not designed for that. You have to have a predetermined
• 55:29
  Speaker 5: target in which you will exit, and that four penny
• 55:32
  Speaker 5: or four tick target is the easiest one that you can.
• 55:35
  Speaker 2: Hit, so you put it in and then what's the
• 55:38
  Speaker 2: sales target again? Four pennies four pennies up? Yeah, So
• 55:41
  Speaker 2: if you're buying, you want a four pennies up. If
• 55:43
  Speaker 2: you're shortening, which means you to profit when the market
• 55:46
  Speaker 2: drops four pennies down and then you're golden. So what's
• 55:49
  Speaker 2: the stop loss? All right? Four pennies up? I got that,
• 55:51
  Speaker 2: but what's the stop loss on that? You can set
• 55:52
  Speaker 2: it that eight eight pennies down, yeah, because you have
• 55:55
  Speaker 2: to give us.
• 55:55
  Speaker 4: Some room to breathe.
• 55:56
  Speaker 5: And then when you get into more advanced, higher targets
• 55:59
  Speaker 5: than you would have have four penny target and then
• 56:02
  Speaker 5: now you excuse me, eight tick stop loss and then
• 56:05
  Speaker 5: like a sixty tick profit target.
• 56:07
  Speaker 4: So now you're in.
• 56:08
  Speaker 5: Like a positive risk reward because I can see the
• 56:10
  Speaker 5: wheels spending as an advisor.
• 56:13
  Speaker 4: It's a negative risk of award on a smaller one.
• 56:15
  Speaker 5: But I tell people like, if you have a higher
• 56:16
  Speaker 5: risk of reward, you don't have to win as many trades,
• 56:20
  Speaker 5: because if you have a fifteen to one or ten
• 56:22
  Speaker 5: to one ratio, you can lose seven eight trades and
• 56:24
  Speaker 5: on your ninth trade make all the money back, wipe
• 56:27
  Speaker 5: away your losses and all your losses and then.
• 56:29
  Speaker 3: Being profit one of your strategies having eleven to one.
• 56:34
  Speaker 5: Because you're going to perform bad some days, like everyone
• 56:37
  Speaker 5: isn't able to be emotionally disciplined. You may have a
• 56:40
  Speaker 5: fight with your lady, your kids may bother, you may
• 56:42
  Speaker 5: be tired. So if I tell you to invest in
• 56:45
  Speaker 5: the S and P and it goes up, your first
• 56:47
  Speaker 5: two trades may be bad.
• 56:49
  Speaker 4: Your third one will work out. But if you.
• 56:51
  Speaker 5: Can't out perform math, no matter how much willpower you have.
• 56:56
  Speaker 5: So if you have a one to one risk of reward,
• 56:58
  Speaker 5: you only have one trade to win two to one,
• 57:01
  Speaker 5: you can lose two trades before you're negative. We don't
• 57:04
  Speaker 5: want to risk fifty percent of our money on two
• 57:06
  Speaker 5: trades because that's like playing roulette.
• 57:08
  Speaker 4: Almost at that point.
• 57:09
  Speaker 5: Anybody in here I think can win one trade out
• 57:12
  Speaker 5: of eleven and then still be profitable. It just it's
• 57:14
  Speaker 5: a financial assessment that you'll be able to make to know, Okay,
• 57:18
  Speaker 5: even if only make one out of eleven, I can
• 57:20
  Speaker 5: still be able to profit. Most people are doing one
• 57:22
  Speaker 5: to one ratio, so they'll risk one hundred to make
• 57:25
  Speaker 5: a hundred, and then they lose and now they're out
• 57:27
  Speaker 5: of Montive.
• 57:27
  Speaker 2: So all right, So it's like, you got a thousand
• 57:29
  Speaker 2: dollars to invest most people putting a thousand dollars in
• 57:32
  Speaker 2: one investment, You should do that, and they just rolling
• 57:34
  Speaker 2: the dice for it.
• 57:35
  Speaker 5: I mean, we've all heard don't put your eggs in
• 57:37
  Speaker 5: one basket. And then when it comes to financial stuff
• 57:39
  Speaker 5: is like.
• 57:39
  Speaker 2: All the handsight, yeah goes out the way you're saying,
• 57:42
  Speaker 2: if you have a thousand dollars, you should never put
• 57:43
  Speaker 2: ninety more than ninety.
• 57:45
  Speaker 5: No, yeah, because you want to cap the risk on
• 57:48
  Speaker 5: every trade. So if you lose the ninety on a thousand,
• 57:51
  Speaker 5: it's not going to ruin your day. If you lose
• 57:53
  Speaker 5: eight to fifty out of a thousand, you're going to
• 57:55
  Speaker 5: be pissed. You're going to be pissed. And that's true
• 57:57
  Speaker 5: of every business. So we know we need to bring
• 58:00
  Speaker 5: in customers at a certain rate. There's a certain amount
• 58:02
  Speaker 5: you can spend on ads for that. These numbers are
• 58:04
  Speaker 5: true in every business.
• 58:07
  Speaker 3: On a good week, right the market's out. If we're
• 58:09
  Speaker 3: doing the thirty one to twenty five strategy, we're talking
• 58:11
  Speaker 3: them over fifteen thousand a week at that point we're
• 58:13
  Speaker 3: doing this full time. At what point do you become
• 58:16
  Speaker 3: a master and you can now do this full time.
• 58:19
  Speaker 5: It depends on what your what your financial targets are.
• 58:21
  Speaker 5: So for me, what's made it easier is like being
• 58:24
  Speaker 5: really disciplined. So my grandmother used to say, like, baby,
• 58:26
  Speaker 5: pay down on your debt, no credit cards.
• 58:28
  Speaker 4: Out the grandma, Yeah, I know. And then Dave.
• 58:30
  Speaker 5: Ramsey got super popular, and I'm like, this all the
• 58:32
  Speaker 5: stuff my grandma told me.
• 58:33
  Speaker 3: Yeah, I wrote one close. She was like, negative thoughts
• 58:35
  Speaker 3: have negative actions with these negative results, yeah, it seems
• 58:38
  Speaker 3: reversal positive.
• 58:39
  Speaker 4: And I didn't want to hear it. She of like,
• 58:41
  Speaker 4: altitude determines your altitude.
• 58:42
  Speaker 5: I'm like, I do not want to hear that, but
• 58:44
  Speaker 5: as an adult, it's very true. And then we have
• 58:47
  Speaker 5: so much stress in our household because financially we're upside down.
• 58:51
  Speaker 5: Like I remember when we were broke, our family would
• 58:53
  Speaker 5: fight about everything, the remote control, who gets to watch
• 58:56
  Speaker 5: the TV when we would go out. Having financial freedom
• 59:00
  Speaker 5: takes that away. So a lot of times people think
• 59:02
  Speaker 5: they need to earn more. I'm like, you need to
• 59:03
  Speaker 5: knock that them debt down and quit overspending. And that's
• 59:06
  Speaker 5: a hard part and we all know it. As you
• 59:08
  Speaker 5: get more money, that income crete happens, and then now
• 59:11
  Speaker 5: it's like, Okay, I don't want the bands anymore. I
• 59:14
  Speaker 5: want the Bentley, but the cost of soche with it
• 59:16
  Speaker 5: and repairs are tough upgraded in the household. You have
• 59:19
  Speaker 5: to keep the debt down first and then you won't
• 59:21
  Speaker 5: need to make as much. But you can go full
• 59:23
  Speaker 5: time after you're discipline and you constantly have hit those
• 59:26
  Speaker 5: same numbers over and over again.
• 59:27
  Speaker 2: Dave Ramsey made a half a billion dollars by telling
• 59:30
  Speaker 2: people not to use any debt. That's it smart.
• 59:33
  Speaker 4: But look number one, follow seven step system.
• 59:36
  Speaker 5: He followed the same system over and over again. Yea,
• 59:40
  Speaker 5: over and repeat it the same message. So it goes
• 59:42
  Speaker 5: back to say the same thing. With trading, you gotta
• 59:44
  Speaker 5: follow the same plan. And Day's been saying the same
• 59:46
  Speaker 5: thing like thirty years, very few changes to it. So
• 59:50
  Speaker 5: most importantly, like take what I'm saying and to everyone watching,
• 59:55
  Speaker 5: like follow what the top five companies do. Apples systems
• 59:59
  Speaker 5: are down, they only have a few products. Manufacturings are incredible.
• 1:00:03
  Speaker 5: They are following the same blueprint. That's why everyone jokes like, man,
• 1:00:06
  Speaker 5: they're just putting out the same phone again. But I'm like,
• 1:00:08
  Speaker 5: if three million people are buying them, and I bought
• 1:00:10
  Speaker 5: the new phone when it came out, why change it?
• 1:00:13
  Speaker 4: Why change it?
• 1:00:14
  Speaker 2: Stick to the script?
• 1:00:15
  Speaker 4: Yep.
• 1:00:15
  Speaker 2: So all right, so can you talk about your platform
• 1:00:18
  Speaker 2: Red Panda?
• 1:00:19
  Speaker 5: Yeah, so Red Panda is my baby that was birthed
• 1:00:22
  Speaker 5: by accident because I never intended to show anyone my blueprint.
• 1:00:26
  Speaker 5: So we have a couple of different programs for people
• 1:00:27
  Speaker 5: that are interested to learn how to invest. If you're
• 1:00:30
  Speaker 5: not financially stable, you should not be interday or short
• 1:00:33
  Speaker 5: term investing at all.
• 1:00:34
  Speaker 4: Always start there.
• 1:00:35
  Speaker 5: So my foundation, of course is long term investing first,
• 1:00:39
  Speaker 5: but I have a couple of different programs like Alpha
• 1:00:41
  Speaker 5: is a more expensive program that teaches you how to
• 1:00:44
  Speaker 5: make between ten to twenty five grand in a month,
• 1:00:46
  Speaker 5: and then the one K program is the program that's
• 1:00:49
  Speaker 5: really like I probably have maybe six hundred students in
• 1:00:53
  Speaker 5: their program, and majority of are black women. So I
• 1:00:55
  Speaker 5: saw avoid that a lot of people were talking about
• 1:00:58
  Speaker 5: investing but not teaching us because they need someone like
• 1:01:02
  Speaker 5: us that they can relate to to be able to
• 1:01:05
  Speaker 5: show them how to be able to do it. So
• 1:01:08
  Speaker 5: I've had an incredible run with the women in the
• 1:01:10
  Speaker 5: program and been able to get some great results for them.
• 1:01:12
  Speaker 5: But the one K a day program is designed to
• 1:01:15
  Speaker 5: help you learn how to trade futures and when you
• 1:01:18
  Speaker 5: do trade, you can make.
• 1:01:19
  Speaker 4: A thousand dollars in a day and then you'll be good.
• 1:01:22
  Speaker 3: So you got six hundred students, what's the success rate?
• 1:01:24
  Speaker 3: Are they coming to you, like, is there a massimind
• 1:01:25
  Speaker 3: class where everybody's discussing their results or it's.
• 1:01:29
  Speaker 5: Like in pods of like two hundred they'll come in
• 1:01:32
  Speaker 5: and then so it's the same eighty twenty rule, like
• 1:01:33
  Speaker 5: eighty percent will do great, twenty percent won't follow the
• 1:01:36
  Speaker 5: rules and then they won't do well.
• 1:01:38
  Speaker 4: So nothing has one hundred percent success rate.
• 1:01:40
  Speaker 5: But if you come in and follow the blueprint a plan,
• 1:01:43
  Speaker 5: and I've posted this year probably one hundred and fifty testimonials,
• 1:01:47
  Speaker 5: and I tell people anytime, like, if you don't, don't
• 1:01:49
  Speaker 5: believe me, because I know from outside looking in and
• 1:01:52
  Speaker 5: sound like some bullshit, But I'm like, if I was
• 1:01:55
  Speaker 5: doing something wrong.
• 1:01:56
  Speaker 4: And they weren't women, it weren't winning.
• 1:01:57
  Speaker 5: Black women will tell you because most of them are
• 1:02:00
  Speaker 5: black women in the program.
• 1:02:01
  Speaker 4: So the results have been posted a year after year.
• 1:02:04
  Speaker 3: Now are they trading for themselves inside the program or
• 1:02:06
  Speaker 3: are you doing the trade.
• 1:02:07
  Speaker 5: They're trading for them So on our call, we have
• 1:02:09
  Speaker 5: a daily call on every day chat Monday through Friday.
• 1:02:12
  Speaker 5: Like I'll call out spots where they should not get
• 1:02:14
  Speaker 5: in because they are either buying too high or they're
• 1:02:17
  Speaker 5: trying to shorter low, but they're doing it for themselves.
• 1:02:19
  Speaker 5: So even like like Monica is one of my students,
• 1:02:22
  Speaker 5: she took seven hundred and turned that to twelve thousand.
• 1:02:25
  Speaker 4: Angi's making a thousand dollars a day.
• 1:02:27
  Speaker 5: She's been with me about six weeks. And then one
• 1:02:30
  Speaker 5: of my students, Carry who's from my home county. She's
• 1:02:33
  Speaker 5: probably my best student in the program. Like her win
• 1:02:35
  Speaker 5: percentage is now is eighty nine percent for four months,
• 1:02:39
  Speaker 5: so what she's doing incredible.
• 1:02:40
  Speaker 3: One of your rules is that you never want to
• 1:02:42
  Speaker 3: buy in the middle.
• 1:02:43
  Speaker 5: Camp because because a moving average literally tells you what
• 1:02:46
  Speaker 5: it is you're buying at an average price, I want to buy.
• 1:02:48
  Speaker 4: It extremes so extreme low.
• 1:02:50
  Speaker 5: So like when the Iran stuff happened or any there's
• 1:02:54
  Speaker 5: a hard push down in the market, I'm like buy
• 1:02:56
  Speaker 5: stocks then during times of crisis, because then they're going
• 1:03:00
  Speaker 5: to shoot back up. Most people buy in the middle
• 1:03:02
  Speaker 5: when the market is doing okay, or Google had all
• 1:03:05
  Speaker 5: time high and people are like, well, I need to
• 1:03:06
  Speaker 5: buy Google today. I'm like, you're buying too high. So
• 1:03:10
  Speaker 5: we all know on Black Friday that's when the deals are.
• 1:03:12
  Speaker 5: When the market falls apart, that's the time to buy.
• 1:03:15
  Speaker 5: You don't want to buy when everything is at its
• 1:03:17
  Speaker 5: highest price, and we all know to do that, but
• 1:03:20
  Speaker 5: it's the emotion part and then emotional discipline to actually
• 1:03:23
  Speaker 5: do it, because it's scary as hell. When the market
• 1:03:25
  Speaker 5: is falling five hundred points and I'm like, Okay, should
• 1:03:27
  Speaker 5: I buy today, that's when it's on sale. I ask
• 1:03:30
  Speaker 5: every woman if I can get you the lubetons for
• 1:03:32
  Speaker 5: two fifty instead of the fifteen hundred which you get them. Yes,
• 1:03:36
  Speaker 5: it's the same theory, but when we invest, you're buying
• 1:03:39
  Speaker 5: them at seventeen hundred instead of fifteen hundred. You're over pain,
• 1:03:43
  Speaker 5: you over paying, and they're crazy. And you know this
• 1:03:44
  Speaker 5: being an advisor. There's like many crashes that happen every month,
• 1:03:48
  Speaker 5: so everyone's been waiting for a big recession that happen
• 1:03:51
  Speaker 5: because they want to recreate the big short a crash
• 1:03:54
  Speaker 5: happens every month. There hasn't been one month and where
• 1:03:57
  Speaker 5: stocks and the index funds have not come downple don't
• 1:04:00
  Speaker 5: have the discipline to wait and just say, Okay, when
• 1:04:02
  Speaker 5: we dropped five hundred points on a dot or thousand,
• 1:04:05
  Speaker 5: I'm going to buy that day, that's the time to
• 1:04:06
  Speaker 5: buy it because it's on.
• 1:04:07
  Speaker 2: So by low.
• 1:04:08
  Speaker 4: So it's the same strategy over there.
• 1:04:10
  Speaker 2: And most people, you know, they buy hid and so low. Yep,
• 1:04:15
  Speaker 2: most people do Yep. Some emotions. Nobody wants to fomo
• 1:04:18
  Speaker 2: missing absolutely. Nobody wants to feel like it's like bitcoin.
• 1:04:21
  Speaker 2: Perfect example, most people brought bitcoin at nineteen eighteen thousand
• 1:04:25
  Speaker 2: and then they sold it at three thousand because they
• 1:04:26
  Speaker 2: thought it was gonna go to zero and they didn't
• 1:04:28
  Speaker 2: want to have like a complete loss.
• 1:04:29
  Speaker 4: Yeah.
• 1:04:31
  Speaker 2: Logic goes out the window when emotions come into.
• 1:04:33
  Speaker 4: Play and money's in play too. Yeah.
• 1:04:35
  Speaker 2: Ye man, it's been a pleasure. It's a thank you
• 1:04:38
  Speaker 2: for rocking with us.
• 1:04:39
  Speaker 8: Man.
• 1:04:39
  Speaker 2: Can you tell the people how to contact you social
• 1:04:43
  Speaker 2: media handles and all that.
• 1:04:44
  Speaker 5: Yeah, my ig is the master investor on Facebook. You
• 1:04:47
  Speaker 5: can just look me up Ian Donlap LinkedIn.
• 1:04:49
  Speaker 4: You can look me up. The site is joint Redpanda
• 1:04:51
  Speaker 4: dot com.
• 1:04:51
  Speaker 5: If you type in your name and email, I'll add
• 1:04:53
  Speaker 5: you to the VP list watching out some information and
• 1:04:55
  Speaker 5: then if you put that you listen from earlier leisure,
• 1:04:59
  Speaker 5: I'll do a free webinar why I don't sell anything
• 1:05:02
  Speaker 5: and just teach for thirty minutes. So whenever this comes
• 1:05:05
  Speaker 5: out a month later, I'll do that. But I want
• 1:05:06
  Speaker 5: to tell you guys, thank you. I've been following you
• 1:05:08
  Speaker 5: guys for a long time.
• 1:05:09
  Speaker 3: Appreciate that.
• 1:05:09
  Speaker 5: I appreciate you off for being cool and putting out
• 1:05:11
  Speaker 5: the information that you do.
• 1:05:12
  Speaker 2: I appreciate that. Yeah. And then also we'll have the
• 1:05:16
  Speaker 2: link in our YouTube if you watch this on YouTube
• 1:05:18
  Speaker 2: and the bio and then if you're listening to it
• 1:05:22
  Speaker 2: on Apple, Spotify or whatever, in the description will have
• 1:05:24
  Speaker 2: a link to Yeah, your platform as well, if people
• 1:05:28
  Speaker 2: are interested in and learning more about your platform.
• 1:05:30
  Speaker 5: And I want to say this, soak up all the
• 1:05:32
  Speaker 5: information that they put out, because ten years ago it
• 1:05:34
  Speaker 5: probably would have cost them four or five hundred thousands
• 1:05:37
  Speaker 5: to put the same material out. And I wish there
• 1:05:39
  Speaker 5: were some more brothers I could have listened to. Two
• 1:05:41
  Speaker 5: thousand and five, two thousand and four that would have
• 1:05:44
  Speaker 5: put out this kind of information. So seriously, like I'm
• 1:05:46
  Speaker 5: not asking and I really appreciate all the amazing content
• 1:05:49
  Speaker 5: you guys have put out, So prescribe to the YouTube podcast.
• 1:05:54
  Speaker 5: Listen every week because there's some gyms in here, like
• 1:05:56
  Speaker 5: even for a console, like I charged two grands our console,
• 1:05:59
  Speaker 5: like I'm giving it free, like Wall Street Trapper came
• 1:06:01
  Speaker 5: on here, gave some great information. There's a ton of
• 1:06:03
  Speaker 5: great people who are given because we want to. So
• 1:06:07
  Speaker 5: once again, thank you guys, appreciate Town Houston.
• 1:06:11
  Speaker 2: Will be back soon.
• 1:06:13
  Speaker 3: Yeah, shout to everybody on patreon dot com. We got
• 1:06:16
  Speaker 3: a new one right before we came on and did
• 1:06:18
  Speaker 3: this episode. Shout out to our hometown boy, chestnut key On. Yeah,
• 1:06:22
  Speaker 3: he joined on Tier four be e y L. Shout
• 1:06:25
  Speaker 3: to my boy. We went to the school together, we
• 1:06:27
  Speaker 3: brought together play ball together, So shout out to him.
• 1:06:30
  Speaker 3: He's a Tier four member. And as you can see now,
• 1:06:33
  Speaker 3: our Patreon has been revamped, so there's some new features
• 1:06:36
  Speaker 3: that that are there for you. And he has access
• 1:06:39
  Speaker 3: to e y L University, you know, almost as importantly
• 1:06:42
  Speaker 3: has joined the Patreon, so that is our online school.
• 1:06:44
  Speaker 3: You know, we do three courses a week. Monday is
• 1:06:47
  Speaker 3: more real estate base, Wednesday is our guest webinar, and
• 1:06:51
  Speaker 3: Thursday is always myself and Shoty doing something related to business.
• 1:06:54
  Speaker 3: And so shout out at him for joining and everybody
• 1:06:56
  Speaker 3: that's been on there kicking it with us and ask
• 1:06:59
  Speaker 3: him questions and doing all that. Man, it's been fun.
• 1:07:02
  Speaker 2: Yo University is an online platform, educational platform. You got
• 1:07:06
  Speaker 2: to teach a class for us, I'll be happy to
• 1:07:09
  Speaker 2: we bring. We bring different lecturers on and it's it's
• 1:07:12
  Speaker 2: dope because it's in zoom, so people ask questions in
• 1:07:14
  Speaker 2: real time and it's a dope experience. So it's something
• 1:07:16
  Speaker 2: that we're really excited about. And that's three days a week.
• 1:07:19
  Speaker 2: We do different classes on all different topics, bring different
• 1:07:21
  Speaker 2: people in. So yeah, Eyo University is an extension of
• 1:07:24
  Speaker 2: the podcast. Is a little bit more, way more interactive.
• 1:07:28
  Speaker 2: So yeah, Eyo University. And then the merch ascets of
• 1:07:32
  Speaker 2: a liabilities Yeah, yea, gotcha, you gotta we're out of
• 1:07:37
  Speaker 2: it order right now, but we as soon as we
• 1:07:39
  Speaker 2: read that, we got you. And yeah, the book tip
• 1:07:42
  Speaker 2: of this week is Technical Analysis Explained. I thought that
• 1:07:47
  Speaker 2: would be a good fitting book. I read that book.
• 1:07:49
  Speaker 2: And that's if you're interested in about you know, especially
• 1:07:52
  Speaker 2: short term trading, technical analysis like reading charts. We even
• 1:07:55
  Speaker 2: talk about that. But that's something you know to be
• 1:07:58
  Speaker 2: aware of, Yeah, to be aware of definitely. Oh and
• 1:08:02
  Speaker 2: uh yeah, don't forget to subscribe to our YouTube.
• 1:08:04
  Speaker 3: Subscribe comment like writer, review, the reviews, great share, tell
• 1:08:09
  Speaker 3: a friend to tell afriend.
• 1:08:10
  Speaker 2: Tell a friend to telefriend.
• 1:08:11
  Speaker 3: That's the fact.
• 1:08:11
  Speaker 2: And then yes, thank you guys, rocking with us. We'll
• 1:08:14
  Speaker 2: see you next week.
• 1:08:15
  Speaker 4: Peace, love you all, thank you, Welcome to alumna. Thank
• 1:08:17
  Speaker 4: you brother, I appreciate it.
• 1:08:19
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