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Stock Market for Beginners: How to Start Investing Today with Chris Sain · Earn Your Leisure

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  Speaker 1: An illegal alien from Guatemala charged with raping a child
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  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
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  Speaker 1: filming and selling child pornography in Michigan. These are just
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  Speaker 1: some of the heinous migrant criminals caught because of President
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  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
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  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
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  Speaker 1: are here illegally, your next you will be fined nearly
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  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
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  Speaker 1: never return. But if you register using our CBP home
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  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
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  Speaker 1: border and families will be protected.
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  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: All right, we're back, We're back. Welcome back, Welcome back man.
• 1:04
  Speaker 4: Welcome back man. It's been a jam pack week. Shot
• 1:07
  Speaker 4: to everybody that got the book out in stores. Now
• 1:11
  Speaker 4: you deserve to be rich for sure.
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  Speaker 5: Man.
• 1:13
  Speaker 4: We had, you know, a lot going on. We did
• 1:15
  Speaker 4: the book signings, We've done market Mondays, we've done Blackout.
• 1:21
  Speaker 4: It's a lot going on right now, man, for sure.
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  Speaker 4: But uh, we're gonna finish the game strong. And this
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  Speaker 4: is something that's vitally important because we haven't done it
• 1:32
  Speaker 4: in a while. We have a few episodes, but they
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  Speaker 4: date back years ago when we actually break down stocks
• 1:40
  Speaker 4: from a very you know, beginning level, and we know
• 1:43
  Speaker 4: we have market Mondays every single week shot then. But
• 1:46
  Speaker 4: that show has become so much of a cultural phenomenon
• 1:51
  Speaker 4: that it's kind of like double Dutch if if you
• 1:54
  Speaker 4: don't have some level of education, that sometimes the conversations
• 1:58
  Speaker 4: might get a little intimidating.
• 2:00
  Speaker 6: Our conversations have advanced as the audience has matured, as
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  Speaker 6: the earl has been watching and educated themselves.
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  Speaker 3: It's not a beginning course anymore, for sure. But which
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  Speaker 3: is good.
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  Speaker 4: This is the perfect time that revisited the start because
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  Speaker 4: there's still millions the vast majority of people still have
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  Speaker 4: not invested into the stock market. There's still millions of
• 2:20
  Speaker 4: people that have not invested into the stock market. There's
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  Speaker 4: still millions of people that are still intimidated about stocks.
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  Speaker 4: There's still millions of people that don't have a retirement account.
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  Speaker 4: There's still millions of people out there that have never
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  Speaker 4: made a trade. So it's beneficial to bring it back
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  Speaker 4: and to you know, have conversations for those millions of
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  Speaker 4: people out there right because there's a lot. So that's
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  Speaker 4: what we're going through today. This is how to begin
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  Speaker 4: in stocks, this is how to get started investing, and
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  Speaker 4: it's perfect time because a lot of people have New
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  Speaker 4: Year's resolutions to you know, do better with their finance.
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  Speaker 4: That's like the number one resolution for people to do
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  Speaker 4: better with finances, so to save more money. To start
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  Speaker 4: investing too, and part of that a major part of
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  Speaker 4: that education. So a lot of people have asked me,
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  Speaker 4: like if I never invested, where do I go?
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  Speaker 3: Like?
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  Speaker 4: What video do I watch? If I never invested, I
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  Speaker 4: want to start? What do I if I want to
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  Speaker 4: tell my teach my kids how to invest? Like where
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  Speaker 4: do I start?
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  Speaker 6: That usually is like the number one question is like
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  Speaker 6: if I had five thousand dollars or where should I
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  Speaker 6: put it in the market? Well, first of all, do
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  Speaker 6: you have a brokerage account? So like I feel like
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  Speaker 6: we haven't gotten to that point, we got to ask
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  Speaker 6: that a lot.
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  Speaker 3: What brokege account we're using? How we open the broken account?
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  Speaker 6: Yeah, we talk about fuge is and we talk about options,
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  Speaker 6: but do you even know how to open an account?
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  Speaker 3: That part is being left out.
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  Speaker 4: So this is this is it. So we got a
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  Speaker 4: special guest, Chris saying, somebody that I've be't seen on
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  Speaker 4: YouTube for a while. Yes, we got a chance to
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  Speaker 4: connect with him recently. And former athlete Michigan State spartans
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  Speaker 4: for sure. Yeah, so play at a high level. But
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  Speaker 4: you know, so body like us, like you know, we
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  Speaker 4: didn't really come from financial backgrounds per se, like as
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  Speaker 4: far as as kids, like, you know, kind of learned
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  Speaker 4: finances as he grew up as adults. But he's he's
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  Speaker 4: developed a tremendous community online. I think you had seven
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  Speaker 4: hundred thousand YouTube subscribers and like over a million followers
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  Speaker 4: on socials where all the socials can buy, and a
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  Speaker 4: bunch of viral videos, like a bunch of videos that
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  Speaker 4: have over a million views on his YouTube channel. And
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  Speaker 4: he's a trader and an investor, and you know, he's
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  Speaker 4: he's one of the people that's been online that's been
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  Speaker 4: teaching people when it comes to financial literacy, when it
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  Speaker 4: comes to investing, stock investing. So a lot of people
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  Speaker 4: have been asking us, like when you're going to when
• 4:44
  Speaker 4: you're going through something with Chris. So it's all about
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  Speaker 4: timing for years. But it's all about timing and for like, now,
• 4:50
  Speaker 4: now's a good time, Now's a good topic. This is
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  Speaker 4: the good platform.
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  Speaker 3: You know.
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  Speaker 4: It just just felt like it was a right moment.
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  Speaker 6: So and I wanted salute him too, for just as
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  Speaker 6: much as we've been watching him, he's been watching us
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  Speaker 6: and was super gracious, and it was like, Yo, I
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  Speaker 6: love what you guys are doing. I love I've been
• 5:05
  Speaker 6: loving what you guys have been doing. And so this
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  Speaker 6: collaboration today feels like, all right, the roads have finally
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  Speaker 6: crossed to a point where we're about to create magic
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  Speaker 6: for sure.
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  Speaker 4: So what I'll further, Dot's bring Chris up if we can.
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  Speaker 4: What's going on?
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  Speaker 3: Good? What up?
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  Speaker 4: Though?
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  Speaker 5: What's up? Man? How y'all doing?
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  Speaker 4: What up?
• 5:24
  Speaker 5: Though?
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  Speaker 4: We representative Grand Rapids, Michigan.
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  Speaker 5: Yes sir, yes sir.
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  Speaker 4: You got the Detroit, you got the Detroit Lions gear on,
• 5:36
  Speaker 4: you got the Cardier.
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  Speaker 5: So we true to it, We true to a rich shot.
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  Speaker 5: I told Troy, whether we own sixteen or sixteen to one,
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  Speaker 5: we go hard.
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  Speaker 3: Y'all. Definitely, y'all definitely having your way this year. Let's see.
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  Speaker 3: Good luck to y'all in the playoffs. I want to
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  Speaker 3: see so you got to buy.
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  Speaker 6: So congrats to the Lions on a tremendous season, and
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  Speaker 6: shout every Detroit team, what up?
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  Speaker 3: Though? We love Detroit, man, shout everybody in Detroit.
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  Speaker 4: Thanks. So we're gonna get into it before we start,
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  Speaker 4: I just I want to just let you tell your
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  Speaker 4: story of backstories Wall audience that may not be familiar
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  Speaker 4: with you, as far as how you got into the
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  Speaker 4: stock market, Like, what's your pathway to doing what you're
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  Speaker 4: doing now?
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  Speaker 5: Absolutely, Rashad, you kind of led with it, man. I
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  Speaker 5: was a former Division one athlete. Guys and you guys
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  Speaker 5: already know from that route of playing sports and using
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  Speaker 5: sports to get up out of our environments. I used
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  Speaker 5: it as a vehicle, you know, to kind of change
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  Speaker 5: my life, to do something different, to see more and
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  Speaker 5: be more. But then what intrigued me along the journey
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  Speaker 5: I fell short of actually accomplishing my goals and making
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  Speaker 5: it to the league, per se NFL played football and basketball,
• 6:47
  Speaker 5: but football is what I played. And I was always
• 6:51
  Speaker 5: intrigued with how do athletes go broke after accumulating so
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  Speaker 5: much money after their career is done? And so on
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  Speaker 5: average do typical athlete three to five years after they
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  Speaker 5: playing career is done, they have some type of financial difficulty,
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  Speaker 5: some type of financial struggle, whether it be bankruptcy, whether
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  Speaker 5: it be going broke or running out of money or
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  Speaker 5: and so that intrigued me, and that was the very
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  Speaker 5: thing that kind of started my journey into getting into
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  Speaker 5: the stock market and just wanting to learn how to
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  Speaker 5: be better with money. And I've always felt like if
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  Speaker 5: we could learn to to to live within our means,
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  Speaker 5: manage manage what we have, we could we could make
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  Speaker 5: the money stretch because for so many of us, we
• 7:37
  Speaker 5: are accustomed to doing a lot with a little. We
• 7:42
  Speaker 5: are accustomed to doing more with less. And so I
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  Speaker 5: look at the market, there's no different. We just got
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  Speaker 5: a good starter and it so I'm happy today that
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  Speaker 5: this is coming full circle so we can get back
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  Speaker 5: to the beginning, back to the basics, because there's so
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  Speaker 5: many people still out of all the work and outreach
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  Speaker 5: you guys have done out of all the work I
• 8:02
  Speaker 5: have done to reach as many people as I can collectively,
• 8:05
  Speaker 5: we still have so many more to reach combined, and
• 8:08
  Speaker 5: so the work is still there to do, and it's
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  Speaker 5: still many more people that needs to be introduced to
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  Speaker 5: just the simple fact of how to even invest in
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  Speaker 5: the stock market. And so that's what we're going to
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  Speaker 5: unpack on today.
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  Speaker 4: Yes, that's a fact. And this started before we start,
• 8:26
  Speaker 4: we do have an announcement. We had said this a
• 8:28
  Speaker 4: few times this week, but this one day left, so
• 8:31
  Speaker 4: we came out with our book, our book, our first book,
• 8:34
  Speaker 4: You Deserve to Be Rich, And we had a special
• 8:37
  Speaker 4: offer that we offer on market Mondays where if you
• 8:41
  Speaker 4: buy the book, you get thirty days at ey University
• 8:44
  Speaker 4: for free. So there's one day left in that promo cycle,
• 8:49
  Speaker 4: so you have to go to you Deserve to Be
• 8:52
  Speaker 4: Rich Deal, you Deserve to Be Rich Deal, all those
• 8:57
  Speaker 4: words combined, dot com You Deserved to Be Rich deal
• 9:01
  Speaker 4: dot com and all the information is there. It's pretty simple.
• 9:05
  Speaker 4: You can buy a book from any of the links
• 9:07
  Speaker 4: that that's on that website. After you buy the book,
• 9:09
  Speaker 4: put your transaction number in the form that's on the page,
• 9:13
  Speaker 4: your email, and you will be entered into y University
• 9:16
  Speaker 4: and you will have thirty days one month free and
• 9:20
  Speaker 4: you'll get access to everything Troy's options classes, the real
• 9:24
  Speaker 4: estate blueprint, but the financial planning call, you can look
• 9:29
  Speaker 4: at the path videos, The whole encyclopedia is there for you.
• 9:32
  Speaker 4: So for the price of thirty dollars, you'll be able
• 9:34
  Speaker 4: to get the whole entire Eyo University curriculum for thirty
• 9:39
  Speaker 4: days for free, no strings attached. And there's one day
• 9:43
  Speaker 4: left in that office, So go to you deserve to
• 9:45
  Speaker 4: be rich. Deal, You deserve to be rich. Deal dot
• 9:52
  Speaker 4: com take advantage. Man, we gotta we got, we got
• 9:55
  Speaker 4: still got a few more hours left to push for
• 9:57
  Speaker 4: this book sale this week.
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  Speaker 6: I tell you, man, New York Times bestseller is cool,
• 10:01
  Speaker 6: but being number one is even better. So you know,
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  Speaker 6: there's the only thing we shoot for is to be
• 10:05
  Speaker 6: a number.
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  Speaker 3: One for sure. It ain't gonna be a try and
• 10:08
  Speaker 3: shot win.
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  Speaker 6: It's gonna be a community when because y'all all built
• 10:12
  Speaker 6: this platform with us. So shout out to everybody that
• 10:14
  Speaker 6: purchase book. I'm looking forward to having everybody inside the university. Man,
• 10:16
  Speaker 6: you're gonna be just in time for my next class.
• 10:19
  Speaker 6: Child to y'all, I'm looking forward to it.
• 10:21
  Speaker 4: Yeah yeah, so yeah, that's the deal. So okay, so
• 10:27
  Speaker 4: let's let's let's get into this. Let's get into this
• 10:31
  Speaker 4: because you know, it's interesting that we talk about blacks
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  Speaker 4: big like the quickest growing group when it comes to investing,
• 10:45
  Speaker 4: and that's something that you know is important and like
• 10:50
  Speaker 4: over like, I think sixty percent of millennial blacks are
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  Speaker 4: now invested into the stock market, but when you take
• 10:55
  Speaker 4: it as an aggregate, as far as like every black
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  Speaker 4: person from one hundred years old to eighteen years old,
• 11:05
  Speaker 4: there's still around forty percent participation in the market. So
• 11:09
  Speaker 4: that means that there's still sixty percent of the people
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  Speaker 4: that's not participated in the stock market. And that's just
• 11:14
  Speaker 4: you know, this conversations for everybody. But of course, you know,
• 11:17
  Speaker 4: we have to you know, prioritize our community. So I
• 11:20
  Speaker 4: just say that to say there's a lot and don't
• 11:24
  Speaker 4: feel like you're alone. That's important too, Like if you
• 11:26
  Speaker 4: haven't invested, don't feel like you're alone or you're like
• 11:30
  Speaker 4: the last person on earth to learn about stocks. There's
• 11:33
  Speaker 4: still a lot of people in a similar situation. That's
• 11:37
  Speaker 4: why this is important. So I think we're gonna start,
• 11:39
  Speaker 4: We're gonna, were gonna, We're gonna go through some slids,
• 11:41
  Speaker 4: have a conversation like in the middle of the of
• 11:43
  Speaker 4: the slots, and we're gonna We're gonna walk you step
• 11:46
  Speaker 4: by step into your glad.
• 11:48
  Speaker 6: I'm glad you just said that because a lot of
• 11:49
  Speaker 6: the conversations that I have is is it too late?
• 11:52
  Speaker 3: Is it too late?
• 11:53
  Speaker 4: Right?
• 11:54
  Speaker 6: Not knowing that there is no way to time at
• 11:56
  Speaker 6: the time is putting the actual investment to be inside
• 11:59
  Speaker 6: of the market. So that conversation is going to get
• 12:02
  Speaker 6: alleviated today.
• 12:03
  Speaker 3: Man, I'm excited. Chris, your ready to go, Yes, sir,
• 12:05
  Speaker 3: let's do it.
• 12:06
  Speaker 5: My guys, Look, so how to start investing in stocks?
• 12:12
  Speaker 5: And the three of us get this question all the time,
• 12:14
  Speaker 5: so we wanted to lead with that and we want
• 12:17
  Speaker 5: to break it down as simply as we can. And
• 12:20
  Speaker 5: so first you need a brokerage account. What is a
• 12:24
  Speaker 5: brokerage account? Okay? A brokeragch account simply, guys, allows you
• 12:28
  Speaker 5: to buy stocks, sales, stocks, invest okay. And so some
• 12:34
  Speaker 5: of the more notable names you might know of or
• 12:37
  Speaker 5: be familiar with, or you may not be Vanguard Fidelity.
• 12:43
  Speaker 5: Those are two ones that has just been around for
• 12:46
  Speaker 5: the test of time. Now and if you are thinking
• 12:50
  Speaker 5: long term, these two entities are ones you want to consider.
• 12:56
  Speaker 5: Fidelity Vanguard you want to think about once I do
• 13:01
  Speaker 5: take this step to invest. Let me open up a
• 13:04
  Speaker 5: Fidelity account, let me open up a Vanguard account. You
• 13:07
  Speaker 5: want to start there with the premise in mind that
• 13:10
  Speaker 5: you are thinking long term. Then you have everything from
• 13:14
  Speaker 5: more more newer apps, more user friendly ones like robin Hood,
• 13:19
  Speaker 5: we Ball, Interactive Brokers, Tasty Trades, to name a few.
• 13:24
  Speaker 5: So listen, guys. It starts with before you can invest,
• 13:27
  Speaker 5: you have to have a brokerage account to even deploy
• 13:31
  Speaker 5: your money too. Okay. This is lateral from your job.
• 13:35
  Speaker 5: This is separate from whatever you are getting at your
• 13:38
  Speaker 5: place of employment. This is on you. The book came out.
• 13:43
  Speaker 5: We're going to make sure this book become a number
• 13:44
  Speaker 5: one bestseller. You deserve. This is about you. This is
• 13:50
  Speaker 5: about you, guys. Okay, and so you need to make
• 13:53
  Speaker 5: sure you have your own brokerage account. You're doing your
• 13:57
  Speaker 5: your own investing, You're taking your you taking your own
• 14:00
  Speaker 5: finances and affairs in your hand. Okay, next up.
• 14:03
  Speaker 4: And I'll take it. I'll take it even stuff furthert too,
• 14:05
  Speaker 4: because I want to kind of expand on that a
• 14:07
  Speaker 4: little bit because for some people like to even why
• 14:13
  Speaker 4: investing is important on what a stock is, right, Like
• 14:15
  Speaker 4: we talk about stocks as far as that's ownership, and
• 14:17
  Speaker 4: there's private companies and then there's public companies. Right. So
• 14:20
  Speaker 4: the public companies anybody can own it like Tesla, like Microsoft.
• 14:23
  Speaker 4: A private company is like earn your leisure where only
• 14:26
  Speaker 4: we own it. Right. So it's important to invest in
• 14:29
  Speaker 4: these public companies because as their value goes up, your
• 14:32
  Speaker 4: investment going to go up over the course of time
• 14:34
  Speaker 4: as well. Right, So the only way we talk about inflation,
• 14:36
  Speaker 4: the only way to beat inflation is to actually invest, right,
• 14:39
  Speaker 4: because that's how your money's actually working for you over
• 14:41
  Speaker 4: the course of time. But another question that I get
• 14:44
  Speaker 4: about the brokerage is like even like how to set
• 14:47
  Speaker 4: it up, and it's it's really not too complicated. Guys,
• 14:49
  Speaker 4: like you go to the app store and you download
• 14:52
  Speaker 4: Charles Schwab is another one, or you download Fidelity and
• 14:55
  Speaker 4: all of these these these apps and platforms have similar
• 14:59
  Speaker 4: type of things where you just got to fill in
• 15:01
  Speaker 4: your information. So they have to it's called like know
• 15:03
  Speaker 4: your customer, right, so they're actually you're like your social
• 15:06
  Speaker 4: the actually your number, your email. You have to provide
• 15:09
  Speaker 4: this information. Guys like you can't try to.
• 15:13
  Speaker 3: I ain't putting.
• 15:16
  Speaker 4: I gotta provide. You gotta provide this information and then
• 15:19
  Speaker 4: from there you link your bank account to it. This
• 15:23
  Speaker 4: is important for people to fully understand as well, because
• 15:26
  Speaker 4: they're like, well, how do I get money into the account?
• 15:28
  Speaker 3: Right? I gotta fund it.
• 15:29
  Speaker 4: You link your bank account to it, and then you
• 15:31
  Speaker 4: fund it, and then that that funding goes both ways.
• 15:33
  Speaker 4: So you put money in from your bank account and
• 15:36
  Speaker 4: put two thousand dollars for my bank account into Fidelity,
• 15:39
  Speaker 4: and then when it's time to move for money from
• 15:41
  Speaker 4: Fidelity to your bank account, vice versa, vice versa. But
• 15:45
  Speaker 4: where it's hell that this is important, but to our retirement.
• 15:49
  Speaker 6: Can I give them a hack from what you just said?
• 15:52
  Speaker 6: This is important too because that transaction time. It can
• 15:54
  Speaker 6: if you're a new customer, that might take five to
• 15:56
  Speaker 6: seven days. And so for us having money that we
• 15:59
  Speaker 6: sent and we don't know where it's going and it's
• 16:01
  Speaker 6: taking five to seven days, it's a new account opening.
• 16:03
  Speaker 3: You could fill a little.
• 16:05
  Speaker 4: ANNGST, especially Robberhood rib hood.
• 16:08
  Speaker 3: But what you can do right and this is and
• 16:11
  Speaker 3: this is a good tip.
• 16:11
  Speaker 6: I use E Trade and so when E trade, I
• 16:14
  Speaker 6: found out the wire instructions, right, So when I get
• 16:17
  Speaker 6: the wire instructions that come from E trade, now when
• 16:20
  Speaker 6: I send the money. Right, let's say I'm sending five
• 16:22
  Speaker 6: thousand dollars to my E trade account, that's going to
• 16:25
  Speaker 6: get there within thirty minutes rather than waiting five to
• 16:28
  Speaker 6: seven days. And so yes, you can do the AH
• 16:30
  Speaker 6: transfers with take three to five or maybe five to
• 16:32
  Speaker 6: seven if it's your new account, or you can get
• 16:35
  Speaker 6: your broke which is wire information, and have that money
• 16:37
  Speaker 6: expedited because five to seven days in the market can
• 16:40
  Speaker 6: change a lot, right, like we saw over the past week,
• 16:43
  Speaker 6: right on Mondays up by Friday, you could have lost
• 16:46
  Speaker 6: a lot or you could have gained a lot. So
• 16:48
  Speaker 6: you want to make sure that your money gets there
• 16:49
  Speaker 6: in expedited fashion. Why in transfers is another way that
• 16:52
  Speaker 6: you can.
• 16:52
  Speaker 3: You can hack that.
• 16:53
  Speaker 4: And then the last day I say before we move on,
• 16:54
  Speaker 4: is that I used to get this a lot. When
• 16:58
  Speaker 4: people are talking about their form one case, they'll have
• 17:01
  Speaker 4: a four one K the money's coming out of there.
• 17:03
  Speaker 4: That they're checking their money's coming out of their paycheck
• 17:06
  Speaker 4: and they automatically assume that it's being invested. And I asked, like,
• 17:08
  Speaker 4: what are you invested in? They're like, I don't know,
• 17:10
  Speaker 4: did not see their statements, and they're not actually invested
• 17:12
  Speaker 4: in anything. When your money goes into a brokerage account,
• 17:15
  Speaker 4: it goes into what's called the money market. That's like
• 17:17
  Speaker 4: a savings account pretty much for a brokerage account, like
• 17:20
  Speaker 4: it's sitting on the sideline. You have to direct where
• 17:25
  Speaker 4: the money's going. So the next thing we'll talk about
• 17:27
  Speaker 4: like actual investments. But don't think that. Okay, I opened
• 17:31
  Speaker 4: up a Fidelity, I link it to my Chase bank account.
• 17:34
  Speaker 4: I put two thousand dollars from Chase into Fidelity, and
• 17:38
  Speaker 4: now I'm invested into the stock market. That's not you're not.
• 17:42
  Speaker 4: But like I said, that's how it works. That actually happened.
• 17:44
  Speaker 4: Like I said, I I see that what I saw
• 17:46
  Speaker 4: that with retirement when I was a financial adod, I
• 17:48
  Speaker 4: used to see that with retirements, people have money they
• 17:50
  Speaker 4: used to have, like twenty fifty thousand dollars into their
• 17:52
  Speaker 4: retirement account because they didn't. They didn't They would never
• 17:55
  Speaker 4: fully educated that you had to pick something, and they
• 17:59
  Speaker 4: just did the for their retirement plans was a money
• 18:01
  Speaker 4: market account until they decided what they wanted to do
• 18:03
  Speaker 4: with the money. They never decided what they wanted to
• 18:06
  Speaker 4: do with the money, and the money was not grown.
• 18:08
  Speaker 4: It's not a money market is not invested, right, that's
• 18:10
  Speaker 4: like a zero. It's sitting on it's sitting on a sideline.
• 18:14
  Speaker 4: That's just important. Just because you open it, you put
• 18:16
  Speaker 4: it in. Now from there you have to actually put
• 18:19
  Speaker 4: into as.
• 18:19
  Speaker 6: A fact, Chris, I'm gonna go back up to this
• 18:21
  Speaker 6: slide where we're looking at the brokerages.
• 18:24
  Speaker 3: Yeah, is there one that you.
• 18:25
  Speaker 6: Prefer all the other or is this case by case?
• 18:27
  Speaker 6: Like I know E Trade is not on there everybody
• 18:30
  Speaker 6: euyou knows. I love E Trade, but I'm using because
• 18:34
  Speaker 6: for informational purposes it's easier for me. I love the
• 18:38
  Speaker 6: way that we can get information. Is there is there
• 18:40
  Speaker 6: one that is preferred or the other?
• 18:43
  Speaker 5: Vanguard for long term I prefer for strictly long term
• 18:49
  Speaker 5: and or Fidelity. You can't go wrong if that's the mindset.
• 18:52
  Speaker 5: I'm buying holding this for at least ten years. Vanguard
• 18:55
  Speaker 5: and Fidelity are phenomenal e trade Robinhood in one fire.
• 19:00
  Speaker 5: Some of those other ones are good too because they
• 19:03
  Speaker 5: provide even more information and news and other things that
• 19:07
  Speaker 5: is helpful to the user. So there's no order. But
• 19:12
  Speaker 5: except for the long term piece, Fidelity and Vanguard are
• 19:16
  Speaker 5: the ones you're not trying to trade in those with
• 19:19
  Speaker 5: Vanguard at least, you're not using that to be a trader.
• 19:22
  Speaker 5: You're trying to your purpose intently, trying to invest Robinhood. Guys,
• 19:27
  Speaker 5: the next one is in Rishad touched on this. No,
• 19:30
  Speaker 5: go right here to the ETFs. We want to make
• 19:33
  Speaker 5: sure we're being nuanced about this. Putting your money into
• 19:37
  Speaker 5: the brokerage isn't investing. Here's where some of your money
• 19:41
  Speaker 5: should go into. Number one being ETFs and growth stocks.
• 19:44
  Speaker 5: What is the etfre exchange traded funds? Basically, you look
• 19:50
  Speaker 5: at it like you're going to a mall. If your
• 19:53
  Speaker 5: favorite store is inside of that mall. You can kind
• 19:56
  Speaker 5: of similarly look at your stocks in a similar fashion.
• 20:00
  Speaker 5: So it's like a basket of stocks. One thing it
• 20:02
  Speaker 5: does for the truck driver, for the traveling nurse, for
• 20:06
  Speaker 5: the lawyer, for the busy person, the busy parent, the mom,
• 20:10
  Speaker 5: the teacher, the person that don't have a lot of
• 20:13
  Speaker 5: time to sit around but know you should be investing.
• 20:17
  Speaker 5: This is what you want to consider in terms of
• 20:20
  Speaker 5: kind of taking some of the leg work that should
• 20:23
  Speaker 5: be done because you shouldn't know what you're investing in,
• 20:25
  Speaker 5: but it kind of takes some of the legwork out
• 20:28
  Speaker 5: of it for you. So you can kind of invest
• 20:32
  Speaker 5: into these basket of stocks knowing that you're investing in quality,
• 20:35
  Speaker 5: knowing that you're investing in blue chips, knowing that your
• 20:38
  Speaker 5: money is going into the right vehicles that will serve
• 20:42
  Speaker 5: you best long term. Okay, So that's where these ETFs
• 20:46
  Speaker 5: and growth stocks kind of come into place. Speaking of
• 20:49
  Speaker 5: growth stocks, they have a different purpose. So you need
• 20:53
  Speaker 5: to think to yourself, have you been investing? Like Shoddy said,
• 20:57
  Speaker 5: we got so many people still yet invested into the market,
• 21:01
  Speaker 5: and so we know we got more work to do.
• 21:03
  Speaker 5: That's why we don't rest on our lawyers. That's why
• 21:05
  Speaker 5: we showing up every day despite all we got going on,
• 21:09
  Speaker 5: because we got to get you here. The growth stocks
• 21:12
  Speaker 5: will allow for some of you to have a little
• 21:15
  Speaker 5: more growth, to have a little more velocity into your investments,
• 21:19
  Speaker 5: getting those gains that say a dividend stock may not
• 21:25
  Speaker 5: get you. We'll talk about dividend stocks later. But growth
• 21:28
  Speaker 5: stocks are oftentimes not profitable, profitable, not yet profitable, end
• 21:33
  Speaker 5: route to being profitable. But their whole aim and focus
• 21:36
  Speaker 5: is to reinvest in a company to grow it as
• 21:39
  Speaker 5: fast as possible. And so that's another vehicle and mechanism
• 21:44
  Speaker 5: for you to consider when investing. What do I put
• 21:47
  Speaker 5: my money in? You should consider an ETF a basket
• 21:50
  Speaker 5: of stocks. Some that you might know on Vanguard, for instance,
• 21:55
  Speaker 5: would be VTI. If you rock with me, you know
• 21:57
  Speaker 5: we go down through there. That's one of our number
• 21:59
  Speaker 5: one home hootings. VTI. You have VOO, you have VIIG
• 22:04
  Speaker 5: for if you want that information and growth, you have VUG.
• 22:08
  Speaker 5: You have a variety of ETFs that are going to
• 22:12
  Speaker 5: do the heavy lifting for you. Inside of those basket
• 22:15
  Speaker 5: of stocks that will set you on your way. Then
• 22:17
  Speaker 5: you have the growth stocks. Some of you may be
• 22:20
  Speaker 5: familiar with the NASDAK, the or the QQQ things that
• 22:25
  Speaker 5: have some of our best tech companies inside of them
• 22:29
  Speaker 5: that gives you that growth. You see when when when
• 22:33
  Speaker 5: Troy helped you guys hit the micro strategies out the park, Well,
• 22:38
  Speaker 5: if the options did what he what he helped you
• 22:40
  Speaker 5: guys do. What do you think the stock did you
• 22:42
  Speaker 5: get those kind of growth opportunities in Nvidia going up
• 22:46
  Speaker 5: two hundred percent in a year in a matter in
• 22:49
  Speaker 5: a Google when you talking growth stocks because their aim
• 22:53
  Speaker 5: and focus is just to tab a bit different than
• 22:56
  Speaker 5: other entities and vehicles to invest in.
• 22:59
  Speaker 4: Yep, I think. And let's stay on this for a
• 23:01
  Speaker 4: minute too, because even to break it down on a
• 23:04
  Speaker 4: very like you know, ground level as far as the
• 23:07
  Speaker 4: difference between index and ETFs, right, and I love to
• 23:11
  Speaker 4: get yet, respective of how we've said before, like an
• 23:14
  Speaker 4: index fund is kind of like a supermarket, the whole
• 23:17
  Speaker 4: entire supermarket, right, So it's like the S and P
• 23:20
  Speaker 4: five hundred. That's something that people should know if you're
• 23:23
  Speaker 4: invested in the stock market standing imports five hundred. A
• 23:25
  Speaker 4: lot of people have heard of that. They don't know
• 23:26
  Speaker 4: what it is. Like, that's five hundred companies, right, that's
• 23:29
  Speaker 4: like a microcosm of the of the stock market, which
• 23:32
  Speaker 4: companies from the automotive industry, energy tech, all of that,
• 23:35
  Speaker 4: and they all come together. So most people consider like
• 23:38
  Speaker 4: an index fund is that as the safest way to
• 23:41
  Speaker 4: invest because that you get all of those five hundred
• 23:45
  Speaker 4: companies or the Russell two thousand, and you get two
• 23:47
  Speaker 4: thousand companies where the ETF is like a specific aisle
• 23:52
  Speaker 4: inside the grocery store. So it's like you got the
• 23:55
  Speaker 4: Indian aisle or you got the Mediterranean aisle right where.
• 23:59
  Speaker 4: Just so it's like if we talk about nvidio line,
• 24:03
  Speaker 4: we talk about computer chip stocks, well, there is an
• 24:05
  Speaker 4: ETF called SMH which only specializes in computer chips. So
• 24:12
  Speaker 4: the benefit with the ETF to me is that if
• 24:16
  Speaker 4: you're not fully confident, you know, you want to invest
• 24:20
  Speaker 4: in one sector, but you're not fully confident in putting
• 24:23
  Speaker 4: all your eggs in one basket with one particular stock,
• 24:26
  Speaker 4: then you get the all star team, right, you get
• 24:29
  Speaker 4: all of those different companies, right, which will make up
• 24:32
  Speaker 4: that ETF. It's not going to do as well as
• 24:35
  Speaker 4: that one company if that one company strikes it out
• 24:37
  Speaker 4: the park, but you've had your risk right because now
• 24:42
  Speaker 4: you've got ten fifteen companies, but they're all in the
• 24:46
  Speaker 4: same exact industry as opposed to just one leader in
• 24:51
  Speaker 4: that industry.
• 24:52
  Speaker 6: It's kind of like that table strategy that we spoke
• 24:54
  Speaker 6: about years ago, where it was like, all right, I'm
• 24:56
  Speaker 6: going to build my investment table on ETFs or if
• 24:59
  Speaker 6: it's a mature that has all the semiconductors, I can
• 25:02
  Speaker 6: have simation as one of my legs. If I were
• 25:04
  Speaker 6: individually want to invest in video, that can sit on
• 25:06
  Speaker 6: top of the table. If in video rises, SMAH is
• 25:10
  Speaker 6: going to rise right because of the allocation. And that's
• 25:12
  Speaker 6: the beautiful thing about ETFs. The percentage that is invested
• 25:16
  Speaker 6: in these companies change. So when TSM was running, TSM
• 25:19
  Speaker 6: let the SMA, ETF and Vidia has taken over over
• 25:23
  Speaker 6: the past two years.
• 25:24
  Speaker 3: Now in video is the number.
• 25:25
  Speaker 6: One allocation aside of estimation. So that's beautiful. It actually
• 25:29
  Speaker 6: is investing for you when you don't have to. Yes,
• 25:31
  Speaker 6: the upside isn't as great, but the downside isn't as
• 25:35
  Speaker 6: volatile as well, and so that's important to know. You
• 25:38
  Speaker 6: talked about growth stocks. A lot of people always hear growth,
• 25:40
  Speaker 6: they hear value. There's a difference, right growth. Your broad
• 25:43
  Speaker 6: are some of the megacap companies, you know, the Max
• 25:45
  Speaker 6: seven you talked about, But the value stocks are a
• 25:48
  Speaker 6: little bit different where it's like they're trading below their value,
• 25:51
  Speaker 6: but they have upside which could mean potential higher growth.
• 25:56
  Speaker 6: So if I'm a beginner investor, am I looking for
• 25:59
  Speaker 6: growth or am I looking for value in the anticipation
• 26:02
  Speaker 6: of a higher upside.
• 26:03
  Speaker 5: These are things that your age, your personal goals. These
• 26:08
  Speaker 5: are those things that determines that, Okay, if you're younger,
• 26:12
  Speaker 5: for example, you might you might look at a value
• 26:16
  Speaker 5: that that is got a little growth to it. If
• 26:18
  Speaker 5: you are at a retirement age, if you don't want
• 26:21
  Speaker 5: the volatility, then you may want something that's slow and steady.
• 26:25
  Speaker 5: You may want something that that's less volatile so that
• 26:29
  Speaker 5: you can rest easy at night knowing, yes, I'm invested,
• 26:33
  Speaker 5: but I got a medium to low risk. Can I
• 26:36
  Speaker 5: can keep my nerves in check versus versus the younger
• 26:41
  Speaker 5: individual that's investing at some of my eighteen year olds
• 26:45
  Speaker 5: that's in the money team to twenty four year olds.
• 26:47
  Speaker 5: Some of you guys are able to get in get
• 26:51
  Speaker 5: in some of those fast moving cars, if you will,
• 26:54
  Speaker 5: that has a lot of runway ahead of them. So
• 26:58
  Speaker 5: you might want to make sure you just simply looking
• 27:00
  Speaker 5: at your situation, your age, your income, where you're at
• 27:05
  Speaker 5: on your own journey. And these are the factors or
• 27:08
  Speaker 5: some of the factors that come into play when you're
• 27:11
  Speaker 5: thinking value versus growth, or when you want to do
• 27:14
  Speaker 5: a mixture of the two. And I like what both
• 27:17
  Speaker 5: of you guys said about the ESMH and the Aisle guys.
• 27:22
  Speaker 5: I'm an athlete and I use I use sports to
• 27:25
  Speaker 5: teach the stock market. And so you want to look
• 27:28
  Speaker 5: at the ETFs, and like Rashad said about the SMH,
• 27:33
  Speaker 5: think about super teams. Think about having lebron kd Steph, Wimby,
• 27:41
  Speaker 5: and Carmelo on the same team. Think of think of
• 27:47
  Speaker 5: think of owning the best five hundred companies or the
• 27:50
  Speaker 5: best top stocks in that sector. In that mindset, when
• 27:54
  Speaker 5: it helps you know I got some of the best
• 27:56
  Speaker 5: of the best, I got the best in class. I
• 27:59
  Speaker 5: have the things that should do right by my money
• 28:03
  Speaker 5: long term, always highlighting long term. So now that's a
• 28:07
  Speaker 5: good one with the value and growth Troy.
• 28:10
  Speaker 6: Yeah, if somebody's like still trying to figure out, I'll
• 28:12
  Speaker 6: give you an example a company like Tesla, right like
• 28:15
  Speaker 6: you look at if you look at Tesla's chart over
• 28:17
  Speaker 6: the past two to three years, maybe five years, we
• 28:20
  Speaker 6: can go back five years and you watch the movement
• 28:22
  Speaker 6: that volatility.
• 28:23
  Speaker 3: This is a growth stock.
• 28:24
  Speaker 6: We can see it has a long runway it trades volatively,
• 28:27
  Speaker 6: but we're in it for the long term.
• 28:28
  Speaker 3: Right. If you look like a value stock like a Verrizon.
• 28:31
  Speaker 6: I remember investing in a Horizon ten years ago, and
• 28:34
  Speaker 6: I'm just sitting there, like, this thing's trade sideways forever, right,
• 28:39
  Speaker 6: give a dividend, right, So there's there's value inside of
• 28:41
  Speaker 6: that company. So it's a strong company. It does move up,
• 28:44
  Speaker 6: but it doesn't move as quickly. So those would be
• 28:46
  Speaker 6: like the differences if you're thinking value first growth.
• 28:50
  Speaker 4: And then also it's like for even the index ETF
• 28:54
  Speaker 4: individual stock, well, like sometimes you have like Apple, right,
• 28:59
  Speaker 4: it's a company I'm invested in on an individual stock,
• 29:02
  Speaker 4: I'm invested in that company, and then I'm invested in
• 29:04
  Speaker 4: the S and P five hundred, which Apple is a
• 29:06
  Speaker 4: part of the S and P five hundred. Then I'm
• 29:08
  Speaker 4: invested in a specific technology ETF called XLK, which has
• 29:13
  Speaker 4: some thing like thirteen stocks in that, so and Apples
• 29:15
  Speaker 4: one of is like the one of the leading the
• 29:17
  Speaker 4: leading holder in that as part as the percentage makeup.
• 29:20
  Speaker 4: So I'm in the Apple from the large ocean to
• 29:25
  Speaker 4: the smaller pond to the stream, right, so I have
• 29:29
  Speaker 4: exposure on every level. But sometimes when you when you're
• 29:34
  Speaker 4: in a company, that's the way to kind of look
• 29:35
  Speaker 4: at it as well, where it's like, Okay, I like
• 29:37
  Speaker 4: this company, but I want to I want to have
• 29:41
  Speaker 4: some level of protection and some diversification where I can
• 29:44
  Speaker 4: get other companies as well. So you know when that's
• 29:47
  Speaker 4: the strategy too, it's like, you know, own the company,
• 29:50
  Speaker 4: then own the ETF that the company is in, then
• 29:52
  Speaker 4: own the index that the company is in. Most of
• 29:55
  Speaker 4: the time, if it's like a good company, they're going
• 29:57
  Speaker 4: to be in the S and P five hundred, They're
• 30:00
  Speaker 4: going to be in a lot of like Apple, Microsoft,
• 30:03
  Speaker 4: these are companies that are leading the world, so they're
• 30:08
  Speaker 4: going to be in QQQ, they're going to be in XLK,
• 30:10
  Speaker 4: they're going to be in the S and P five hundred,
• 30:12
  Speaker 4: they're going to be in VOH. So it's a lot
• 30:14
  Speaker 4: of overlap. A lot of times you'll see a lot
• 30:16
  Speaker 4: of overlapp in that. So that's important for people to
• 30:19
  Speaker 4: understand as well.
• 30:20
  Speaker 6: It's kind of one of those stores when you tell
• 30:21
  Speaker 6: people follow the money, right, Like if something's been added
• 30:25
  Speaker 6: to the S and P, that's because a lot of
• 30:27
  Speaker 6: money is being poured to it by heshack. People are
• 30:29
  Speaker 6: invested in that company to now put it on that index.
• 30:31
  Speaker 6: So we just saw Volunteer get added to the S
• 30:34
  Speaker 6: and P five hundred. Well there's the reader is Volunteer
• 30:36
  Speaker 6: had an amazing year. It was up two hundred and
• 30:38
  Speaker 6: seventy nine percent. Now that's added into the S and
• 30:40
  Speaker 6: P five hundred. So follow the big money. I'm glad
• 30:43
  Speaker 6: you brought up Vanguard. I brought these institutions. Don't invest
• 30:47
  Speaker 6: into these companies for no reason, it's because they're trying
• 30:49
  Speaker 6: to make money as well.
• 30:50
  Speaker 4: Before we go to next, I want to ask you
• 30:51
  Speaker 4: a question because another thing is by people is like Okay,
• 30:55
  Speaker 4: how much should I invest? That's a that's a big
• 30:57
  Speaker 4: question the question, So what's your thoughts on that? And
• 31:01
  Speaker 4: like dollar cost averaging, Like do you do you encourage
• 31:04
  Speaker 4: people to take the dollar cost averaging approach?
• 31:07
  Speaker 5: I do. I do my thing. And we know the
• 31:10
  Speaker 5: numbers were shot in Troy. We need as many people
• 31:12
  Speaker 5: investing as possible. So because they allow fractional shares, because
• 31:17
  Speaker 5: they allow different ways to get into the market.
• 31:21
  Speaker 4: Talk about that, like explain what fractional shares.
• 31:23
  Speaker 5: Fractional shares means. You can buy a fraction of a set.
• 31:27
  Speaker 5: So the stock, say is five hundred dollars, and you
• 31:30
  Speaker 5: don't have five hundred dollars, but you want to own
• 31:33
  Speaker 5: that stock, you can pay fifty dollars, or you can
• 31:38
  Speaker 5: pay one hundred and fifty dollars or two hundred, whatever
• 31:40
  Speaker 5: you can afford, whatever it's feasible for you, after your
• 31:44
  Speaker 5: bills is paid, after you have handled all your responsibilities
• 31:47
  Speaker 5: and you got this money allocated to side for investing.
• 31:51
  Speaker 5: If you don't have five hundred, you can still put
• 31:53
  Speaker 5: in what you do have, whether that's fifty dollars, one
• 31:56
  Speaker 5: hundred dollars, five dollars, whatever it is. Now, the goal
• 32:00
  Speaker 5: we won't want you to stay there. The goal is
• 32:02
  Speaker 5: to practice the habit of you know what, instead of
• 32:06
  Speaker 5: blowing the money, I put what I had and could
• 32:09
  Speaker 5: into this stock, even if it was a fractional share,
• 32:12
  Speaker 5: because guess what, with a fractional share, you're still getting
• 32:15
  Speaker 5: a percentage of that stock on the mount you invested. So,
• 32:21
  Speaker 5: Rishad just told you guys about it in Nvidia, Troy
• 32:26
  Speaker 5: just told you guys about Polunteer. These are two phenomenal
• 32:29
  Speaker 5: companies that have phenomenal years. Whether you had ten thousand
• 32:33
  Speaker 5: dollars or five hundred dollars invested in it. If the
• 32:38
  Speaker 5: stock double your five hundred dollars, your fractional shares will double.
• 32:43
  Speaker 5: The mount you invest will appreciate with the percent gain
• 32:47
  Speaker 5: of that stock.
• 32:48
  Speaker 4: So yes, it's important people to even when picking up brokerage,
• 32:51
  Speaker 4: because not all brokerages have fractional very true, very if
• 32:56
  Speaker 4: you notice, you know that that's something that you're going
• 32:58
  Speaker 4: to be like, you know, if you're going to be
• 32:59
  Speaker 4: investing in smaller mouth some money like robin Hood has
• 33:01
  Speaker 4: fractional shares, so you could just google, you know, does
• 33:05
  Speaker 4: this brokerage allow fractional share everybody? That's important because like
• 33:09
  Speaker 4: you said, I mean, if you're invested in a company
• 33:11
  Speaker 4: and it's a thousand dollars and then it's like you
• 33:14
  Speaker 4: got to wait six months to get the thousand dollars
• 33:16
  Speaker 4: and that's going to stop you from investing as opposed
• 33:18
  Speaker 4: to investing one hundred dollars every single month and getting
• 33:21
  Speaker 4: a fractional share of that. You know, that's important.
• 33:23
  Speaker 3: The fractional share part is important.
• 33:25
  Speaker 6: But also we come up in an age where you
• 33:28
  Speaker 6: actually have to have a minimum to have a Brokens account.
• 33:31
  Speaker 3: Not true anymore there are plenty of brokenure. These are
• 33:33
  Speaker 3: the things you should research.
• 33:34
  Speaker 6: Right, is there a minimum amount needed to open a
• 33:37
  Speaker 6: Brokens account? I know sometimes it was a thousand and
• 33:39
  Speaker 6: then it gets down.
• 33:40
  Speaker 3: To five hundred.
• 33:40
  Speaker 5: It needs to be three thousand exactly.
• 33:43
  Speaker 6: And now there are plenty that have no minimums. So
• 33:45
  Speaker 6: when people say how much do I need to start?
• 33:47
  Speaker 6: How much are you willing to start with?
• 33:49
  Speaker 3: Really you got to fit.
• 33:50
  Speaker 5: Out ask a better question, how much are you willing
• 33:52
  Speaker 5: to start with? And our thing is we got to
• 33:55
  Speaker 5: repair our relationship with money, So I would rather start small,
• 34:00
  Speaker 5: smart with what we have so we can start developing
• 34:03
  Speaker 5: good habits. It's about changing what we were once doing
• 34:07
  Speaker 5: to trying to do what we should have been doing
• 34:09
  Speaker 5: all along. If we can start five fifty, one hundred,
• 34:13
  Speaker 5: whatever you have, and then make it a goal, make
• 34:17
  Speaker 5: it a goal to say I want to get my
• 34:19
  Speaker 5: first thousand, I want to get my first five thousand,
• 34:21
  Speaker 5: I want to get my first ten. But I had
• 34:23
  Speaker 5: to start somewhere, and I remember starting with this, and
• 34:26
  Speaker 5: so Troy is right. Pick a brokerage that at least
• 34:30
  Speaker 5: allow you to start with what you got versus letting
• 34:32
  Speaker 5: it deter you. And then you hold off for another year,
• 34:36
  Speaker 5: and you letting another year go by without you investing.
• 34:38
  Speaker 5: And like Rashad told you at the beginning of this episode,
• 34:41
  Speaker 5: infation will eat you up and leave you in a dust.
• 34:45
  Speaker 5: If you don't get invested and be in it for
• 34:48
  Speaker 5: the long term, your money is not going to be
• 34:49
  Speaker 5: able to work on your behalf. So even if it's
• 34:52
  Speaker 5: a fractional share, that's imperative that you at least do that,
• 34:56
  Speaker 5: because I still better than doing nothing.
• 34:59
  Speaker 4: And then talk about cost averaging and.
• 35:01
  Speaker 5: Dollar cost averaging DCA. You might hear that lingo use
• 35:05
  Speaker 5: on CNBC. It shows like that they talk about investing.
• 35:09
  Speaker 5: It simply means allocating a certain amount every single time
• 35:14
  Speaker 5: you get paid, whether that's bi weekly, weekly, monthly. So
• 35:17
  Speaker 5: if you buying two point fifty of a fractional share,
• 35:22
  Speaker 5: you're buying two fifty every Friday, no matter the price
• 35:25
  Speaker 5: two fifty, two fifty, two fifty, whether it's an update
• 35:30
  Speaker 5: a down day, whether the price is up lower, you
• 35:33
  Speaker 5: are repeating the same habit every day, your dollar cost averaging,
• 35:37
  Speaker 5: whether the stock is up or low, and you're getting
• 35:40
  Speaker 5: the medium of all of that over the long term.
• 35:44
  Speaker 5: And so the goal is for at the end of
• 35:46
  Speaker 5: your dollar cost averaging for you to have a decent
• 35:49
  Speaker 5: average cost so that once the stock appreciates value, you
• 35:54
  Speaker 5: can kind of see that return on your investment. So
• 35:56
  Speaker 5: dollar cost averaging is also something you can commit to.
• 36:01
  Speaker 5: It's no different than letting the money get automatically withdrawn
• 36:06
  Speaker 5: out your account to pay the light bill, to pay
• 36:08
  Speaker 5: your Verizon bill. You want to set up something similar
• 36:13
  Speaker 5: once you have budgeted, you want to set up and
• 36:16
  Speaker 5: have something similar to dollar cost average into your ETF,
• 36:20
  Speaker 5: into your stock, your individual stock, into your dividy in stock,
• 36:25
  Speaker 5: into your how your savings account. All of these habits
• 36:30
  Speaker 5: can be replicated across the spectrum on what you should
• 36:34
  Speaker 5: be doing on a consistent basis.
• 36:37
  Speaker 4: And that's something that's important too, because that's another hurdle
• 36:41
  Speaker 4: that stops people. They're like, I want to save up
• 36:46
  Speaker 4: to invest because it's like a lot of times people
• 36:48
  Speaker 4: think like you got to have a lump sung. There's
• 36:50
  Speaker 4: two ways to invest right, the dollar cost average method
• 36:53
  Speaker 4: where you put money in weekly, you put money in
• 36:55
  Speaker 4: two times a month, you put money in monthly, same
• 36:58
  Speaker 4: amount every single month, or you can do a lump sum.
• 37:03
  Speaker 4: I'm gonna put ten thousand dollars into the market. Now,
• 37:06
  Speaker 4: the problem with that is that a lot of times
• 37:09
  Speaker 4: it's difficult to get the lump sum and something always
• 37:13
  Speaker 4: comes up. It's like, if it's a goal to save
• 37:15
  Speaker 4: five thousand dollars, your tie your blows out, and your
• 37:18
  Speaker 4: kid you gotta you know, get braces, and something always happens.
• 37:23
  Speaker 4: So it stops you from that goal because you're not
• 37:27
  Speaker 4: able to save up the money. But even if you
• 37:28
  Speaker 4: were to save up the money, it's actually been researched
• 37:31
  Speaker 4: that but an average person it's difficult to kind of
• 37:34
  Speaker 4: pick the bottom of the market. So it's been proven
• 37:39
  Speaker 4: that over the long haul dollar cost averaging you actually
• 37:44
  Speaker 4: your returns are better than putting a lump sum of
• 37:48
  Speaker 4: money into the market. So if you had, let's say
• 37:50
  Speaker 4: twelve thousand dollars, just to make it an even number,
• 37:53
  Speaker 4: it's better to put a thousand dollars a month into
• 37:56
  Speaker 4: the market as opposed to having twelve thousand dollars than
• 38:00
  Speaker 4: just trying to pick the right time. That's difficult. You
• 38:04
  Speaker 4: can do it, but that's a little bit. That's a
• 38:06
  Speaker 4: little bit more as hard.
• 38:07
  Speaker 5: Dollar you spot on dollar cost average eliminates your ability
• 38:12
  Speaker 5: to try to time the market. You're just always investing.
• 38:14
  Speaker 5: You're always buying, and we should always be buying. If
• 38:18
  Speaker 5: you have a stock that you want to hold for
• 38:19
  Speaker 5: the next ten years, you should always be buying it. Especially,
• 38:24
  Speaker 5: you should be considering buying more on a red day,
• 38:27
  Speaker 5: down day or five percent down. Have benchmarks, you said,
• 38:31
  Speaker 5: if my stock is five percent down from the fifty
• 38:34
  Speaker 5: two week high, if it's ten percent down from the
• 38:36
  Speaker 5: fifty two week high, if it's twenty percent down from
• 38:39
  Speaker 5: the fifty two week high, these are my cues to buy,
• 38:43
  Speaker 5: buy more. On top of the dollar cost averaging, you
• 38:46
  Speaker 5: were just naturally doing, like Rishard said, out of your
• 38:49
  Speaker 5: check every two weeks. You was already putting the money in.
• 38:52
  Speaker 5: But if it comes down significantly, guys, we need to
• 38:55
  Speaker 5: see that as an opportunity to buy more. Oftentimes we
• 38:59
  Speaker 5: talk about we love a sell any other time flyers
• 39:04
  Speaker 5: we like to get. We don't mind getting something on sale. However,
• 39:10
  Speaker 5: only in the stock market when their assets are on
• 39:13
  Speaker 5: sale do we now stop doing what the very thing
• 39:17
  Speaker 5: we should be doing. We stopped out a cost averaging,
• 39:19
  Speaker 5: We stopped buying on a consistent basis. No, that's when
• 39:23
  Speaker 5: you want to you want to get that asset at
• 39:27
  Speaker 5: the lowest price possible, because you're preparing yourself for the
• 39:30
  Speaker 5: better gain and return once it starts its uptrend again.
• 39:34
  Speaker 5: So these are the little things that come with it
• 39:36
  Speaker 5: that you can get to Terred as a new investor,
• 39:38
  Speaker 5: we hear this all the time, Oh my money went down.
• 39:43
  Speaker 5: We already looking at it wrong. You know what I'm saying.
• 39:46
  Speaker 5: We already looking at it wrong. And we need you
• 39:48
  Speaker 5: to understand it's going to go down. That's your you
• 39:50
  Speaker 5: to buy more. You need to just you don't need
• 39:53
  Speaker 5: to worry about if it went down, where is it
• 39:55
  Speaker 5: going to be three years from now? Where's it going
• 39:57
  Speaker 5: to be five years from now? Is question you should
• 40:00
  Speaker 5: be saying. And so as it goes down, that's your
• 40:04
  Speaker 5: chance to get it lower. We understand buy low and
• 40:07
  Speaker 5: sell high in every in every other context, except when
• 40:11
  Speaker 5: it come to investing. We got to change that. And
• 40:16
  Speaker 5: so guys, dollar cost average buy stocks when they're low,
• 40:20
  Speaker 5: buy consistently, and then have a mechanism in place on
• 40:24
  Speaker 5: top of dollar cost averaging. We may double our investment
• 40:27
  Speaker 5: if we can. If it's five percent down, ten percent down,
• 40:31
  Speaker 5: twenty percent down. If we have a long term outlook.
• 40:35
  Speaker 6: Okay, I mean the most important thing is having a plan,
• 40:39
  Speaker 6: and it kind of said I like the parameters around
• 40:41
  Speaker 6: what you're saying.
• 40:42
  Speaker 3: Right, we're going to dollar cost average number one.
• 40:44
  Speaker 6: We're gonna look at that asset and see if it's
• 40:46
  Speaker 6: appreciated whatever that percentage is.
• 40:47
  Speaker 3: I think that's important.
• 40:49
  Speaker 6: People get confused into saying, well, what stocks should I
• 40:52
  Speaker 6: be buying?
• 40:53
  Speaker 3: Right? What's your thoughts.
• 40:54
  Speaker 6: Around looking at around where I'm already invested in and
• 40:58
  Speaker 6: starting there? Right, So, if I have an iPhone, I
• 41:00
  Speaker 6: should be invested with Apple. I'm already invested in the
• 41:02
  Speaker 6: company from the consumer side. What's your thoughts around that mindset?
• 41:06
  Speaker 5: I love that you brought this up. I often say this,
• 41:09
  Speaker 5: and sometimes this don't go over well. You invest in
• 41:13
  Speaker 5: what you know, like in love, when you're first starting out,
• 41:17
  Speaker 5: that's still better than doing nothing. If we got our
• 41:20
  Speaker 5: phones right here, this is an Apple phone that's on
• 41:23
  Speaker 5: Verizon service. I own both of those stocks. Okay, But
• 41:28
  Speaker 5: now we're seasoned investors, we know way more that we
• 41:31
  Speaker 5: know the fundamentals of the company that we so we're
• 41:33
  Speaker 5: further down the road now. But when you're first starting
• 41:36
  Speaker 5: off investing what you know, like in love. Anything that
• 41:39
  Speaker 5: you use consistently, patronize consistently products you like or use
• 41:44
  Speaker 5: on a regular that's a good place to start because
• 41:46
  Speaker 5: at least you have an infinity in some type of
• 41:49
  Speaker 5: relationship and or connection with that asset that you're not
• 41:53
  Speaker 5: investing in. You're not just being a consumer. So start there.
• 41:57
  Speaker 5: But then you might learn down the road like oh
• 41:59
  Speaker 5: this this is a good company, but this is not
• 42:01
  Speaker 5: a good stock. Then you can try to get deep
• 42:04
  Speaker 5: and go off into the weeds a little bit and
• 42:07
  Speaker 5: figure out those nuances that this is a good company,
• 42:10
  Speaker 5: but it ain't a good stock. Let me not invest
• 42:13
  Speaker 5: in this and move on. But starting out, I'm a
• 42:16
  Speaker 5: big proponent get started number one dollar cost average, and
• 42:21
  Speaker 5: consider investing in what you know, like in love. Least,
• 42:25
  Speaker 5: it gives you a platform and a foundation to start with.
• 42:28
  Speaker 5: Now A'm saying you got to stay there. I'm just
• 42:30
  Speaker 5: saying start there before you branch out. So that's how
• 42:34
  Speaker 5: I feel about that, Troy.
• 42:35
  Speaker 3: It's important.
• 42:36
  Speaker 6: We went to watch the curriculum being taught in schools
• 42:39
  Speaker 6: and it was a lesson on what they should invest in.
• 42:41
  Speaker 6: And the interesting thing was, like they had an Apple
• 42:44
  Speaker 6: I phone, right they ordered Chipotle on Uber Eats while
• 42:48
  Speaker 6: wearing Nikes. I'm like, that's five companies right there that
• 42:51
  Speaker 6: you get companies right there while you're sitting there. Yeah,
• 42:54
  Speaker 6: Like people think it's like, how do I know the companies?
• 42:57
  Speaker 2: I know the company.
• 42:58
  Speaker 3: You are already patronized with the companies. Whether you know
• 43:01
  Speaker 3: or not, you.
• 43:01
  Speaker 5: Got you got it on.
• 43:03
  Speaker 4: It's good. It's good to mirror success and success that
• 43:08
  Speaker 4: most people have in a stock market out even knowing
• 43:10
  Speaker 4: it is there. Four one K. It's successful because it's
• 43:13
  Speaker 4: a workable model. It takes money out of your paycheck
• 43:17
  Speaker 4: every single month, every single time you get paid, so
• 43:20
  Speaker 4: you don't even realize it. That's dollar cost averaging. It's
• 43:23
  Speaker 4: not invested in individual stocks where you have to be
• 43:25
  Speaker 4: a stock market genius to pick. It's invested in index
• 43:28
  Speaker 4: funds and mutual fund type of portfolios where you have
• 43:32
  Speaker 4: a group of stocks. That's a workable model to follow.
• 43:37
  Speaker 4: So you as a as a regular retail investor, you
• 43:41
  Speaker 4: can follow that same blueprint right a discipline amount that's
• 43:46
  Speaker 4: coming out twice a month or once a month, just
• 43:49
  Speaker 4: like your four one K that's been proven to work.
• 43:53
  Speaker 4: Invest in an index fund, just like your four one
• 43:56
  Speaker 4: k that's been proven to work right over the course
• 43:59
  Speaker 4: of time. I like you said, as far as you
• 44:00
  Speaker 4: could do both, as far as a lump sum and
• 44:02
  Speaker 4: a dollar cost averaging. With you have two hundred dollars
• 44:05
  Speaker 4: a month that you're going to put into the market,
• 44:06
  Speaker 4: no matter what. The fifteenth of every month, two hundred
• 44:11
  Speaker 4: dollars is going into the market. Let's say one hundred
• 44:14
  Speaker 4: dollars goes into S and P, five hundred and one
• 44:16
  Speaker 4: hundred dollars goes into QQQ, and that goes every single month,
• 44:19
  Speaker 4: every single month. But then you know, you see an
• 44:23
  Speaker 4: opportunity because once you start to realize how market trends work,
• 44:26
  Speaker 4: and you know, we might have something where the stock
• 44:30
  Speaker 4: market goes down thirty percent, right, and now you see
• 44:32
  Speaker 4: buying opportunities where you can add more lump sum. This
• 44:36
  Speaker 4: might have been money that you might have three thousand
• 44:38
  Speaker 4: dollars that you just got back from your tax return.
• 44:40
  Speaker 4: Now in addition to the two hundred dollars that you've
• 44:42
  Speaker 4: been putting in. Now you're doing the lump sum adding
• 44:45
  Speaker 4: because you do want to you want to buy low
• 44:48
  Speaker 4: and sell high. Unless your dollar cost averaging, then you're
• 44:51
  Speaker 4: buying at all different costs. But the buy low, sell
• 44:54
  Speaker 4: high is still a mentality that you still want to
• 44:56
  Speaker 4: have as far, especially for lump sum. You never want
• 44:58
  Speaker 4: to buy something at the very highest point possible because,
• 45:02
  Speaker 4: like you said, that's when you start to say, yo,
• 45:04
  Speaker 4: where's my money at? Even Damon John, Damon John told
• 45:07
  Speaker 4: us the story, like he invested in the stock market
• 45:12
  Speaker 4: in like the summer of two thousand and one, and
• 45:18
  Speaker 4: then of course what happens in September, Yeah, nine to eleven.
• 45:25
  Speaker 4: The stock market crashes and he loses millions of dollars
• 45:30
  Speaker 4: on paper. He panics, he sells his position because he
• 45:34
  Speaker 4: thinks it's going to zero. But that that's the story.
• 45:38
  Speaker 4: And this is somebody that was already a millionaire. He
• 45:40
  Speaker 4: was already successful. So it's like that happens all the time.
• 45:43
  Speaker 4: You buy at the highest point possible. It's a natural
• 45:46
  Speaker 4: correction that's going to happen. You look at you look
• 45:49
  Speaker 4: at the computer, and you like, I put ten thousand,
• 45:51
  Speaker 4: and now I have six thousand. This is a Ponzi scheme.
• 45:55
  Speaker 4: I want my money. Yeah. To avoid that, don't chase
• 46:01
  Speaker 4: whatever is at the highest point, wait, wait for.
• 46:05
  Speaker 6: And it will That's just the natural cycle of it.
• 46:08
  Speaker 6: At some point there's going to be a correction. And
• 46:10
  Speaker 6: by definition, correction is anything over ten percent. Right, So
• 46:14
  Speaker 6: if a stop pulls back twelve percent, thirteen percent up
• 46:17
  Speaker 6: to twenty this is a correction, right. Anything before that
• 46:20
  Speaker 6: is a pullback. So anything from zero to ten percent
• 46:22
  Speaker 6: that's instead of pulled up. That's going to happen, and
• 46:24
  Speaker 6: naturally it should. It gives opportunity for new people to invest.
• 46:27
  Speaker 6: People always say by low, sell high. I'm telling you
• 46:30
  Speaker 6: buy low and hold long term, especially if I'm beginning right,
• 46:35
  Speaker 6: because if I start selling high, so then I might
• 46:37
  Speaker 6: I'm going to have my initial investment hopefully, but I
• 46:40
  Speaker 6: might sell out of the position. But if I keep
• 46:41
  Speaker 6: taking when it gets to a high, So make sure
• 46:44
  Speaker 6: that you allocate a plan in place to say, all right,
• 46:47
  Speaker 6: well I've hit a threshold. This is where I'm going
• 46:50
  Speaker 6: to take a little bit of profit. Take some profit.
• 46:52
  Speaker 6: You should don't take all the profit. A lot of
• 46:54
  Speaker 6: time we're like, oh, wait, we may do that, I'm
• 46:55
  Speaker 6: taking it out. No, you want your money to grow.
• 46:58
  Speaker 6: That's the point of this.
• 47:01
  Speaker 5: We have a mechanism for that too. When we get
• 47:04
  Speaker 5: the question, coach, when should I take profit? How do
• 47:07
  Speaker 5: I take profits. That's a system too. So to Troy's point,
• 47:12
  Speaker 5: when your money runs up, if you have let's say
• 47:16
  Speaker 5: you have one hundred shares, you can sell fifty shares
• 47:21
  Speaker 5: to take some profit, to lock some of that gain
• 47:25
  Speaker 5: in while still holding fifty and allowing that to run earners.
• 47:31
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  Speaker 1: An illegal alien from Guatemala charged with raping a child
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• 50:21
  Speaker 5: If the eventual run continues in that stock, however, the
• 50:25
  Speaker 5: profit that you now have, you can go shop around
• 50:27
  Speaker 5: to see if there's any other better opportunities for that
• 50:30
  Speaker 5: profit you took to deploy your money into, and or
• 50:34
  Speaker 5: wait till the stock that you just took the profit
• 50:36
  Speaker 5: from to retest those levels that Troy just gave you
• 50:40
  Speaker 5: and then redeploy that money in either at or below
• 50:44
  Speaker 5: your average costs to rins and repeat the process. Because
• 50:48
  Speaker 5: it's over time, it's going to go right back to
• 50:50
  Speaker 5: some of those previous levels that it achieved along the journey.
• 50:55
  Speaker 5: And so if you have the right mindset, you can
• 50:57
  Speaker 5: play profit taking in that manner, and you can choose
• 51:01
  Speaker 5: whether you want to sell half or sell a third,
• 51:05
  Speaker 5: or buy and hold forever you can. You can massage
• 51:09
  Speaker 5: that a little bit, but have a plan for what
• 51:12
  Speaker 5: do you want to do, and or an exit plan
• 51:15
  Speaker 5: in case leadership change, in case the CEO leaves, in
• 51:20
  Speaker 5: case the board is changed. These are some of the
• 51:23
  Speaker 5: things as new beginner investors you want to be mindful of.
• 51:26
  Speaker 5: If you're thinking about selling, you're not just selling for
• 51:29
  Speaker 5: the sake of selling. You have to have a vehicle
• 51:33
  Speaker 5: as to why you're selling before you make that exit.
• 51:37
  Speaker 5: Because you should always be investor. You should always remain
• 51:40
  Speaker 5: in the market long term is the ultimate goal.
• 51:44
  Speaker 6: Chris, I want to tell you something because we use
• 51:46
  Speaker 6: the word love and when people say that they love
• 51:48
  Speaker 6: a company, well, I often think of emotion. What role
• 51:52
  Speaker 6: or psychological factor do you think emotions have to play?
• 51:55
  Speaker 6: If they have a role inside of investing.
• 51:57
  Speaker 5: You have to keep your evotions in check. We always
• 52:00
  Speaker 5: say in my community we don't fall in love with
• 52:03
  Speaker 5: any of these stocks. We ready to sign on papers
• 52:06
  Speaker 5: any given time, and so with us, I don't let
• 52:10
  Speaker 5: you fall in love with a stock. There are they
• 52:12
  Speaker 5: are as. There are a tool for you to get
• 52:15
  Speaker 5: to your financial goals, reach financial independence, or reach financial freedom.
• 52:21
  Speaker 5: Far is loving them, never selling them. We don't subscribe
• 52:25
  Speaker 5: to that per se. However, you can. You can be
• 52:28
  Speaker 5: in a relationship for a season with a stock. You
• 52:31
  Speaker 5: know what, I rock with Apple for the last three years. Okay,
• 52:34
  Speaker 5: that's fine, but that don't necessarily mean you're married to it.
• 52:38
  Speaker 5: That if Tim Cook get to acting up, that we
• 52:40
  Speaker 5: won't pull the trigger and find another asset to put
• 52:44
  Speaker 5: that and deploy that money into. So we don't. We don't.
• 52:47
  Speaker 5: We don't allow love to exist in investigating our stocks
• 52:52
  Speaker 5: because sometimes management change, things go out of season. You
• 52:56
  Speaker 5: see Blockbuster and Netflix. You have things like that that
• 53:00
  Speaker 5: come along. You have variety of things that will make
• 53:04
  Speaker 5: you make the decision that you know what is time
• 53:07
  Speaker 5: to exit. And I'm big on who the leadership. I'm
• 53:10
  Speaker 5: big on who's at the hem. I invest in people,
• 53:14
  Speaker 5: you guys, other goodlies. Mark Zuckerberg, elon Musk, I'm looking
• 53:20
  Speaker 5: at people. Okay, on top of the company you birth,
• 53:26
  Speaker 5: if that change, I got decisions to make. I ain't
• 53:30
  Speaker 5: saying this automatic sale, but I have decisions I didn't
• 53:32
  Speaker 5: need to make. So that's that's how we look at
• 53:36
  Speaker 5: keeping emotions out of investing and sticking to your thesis
• 53:40
  Speaker 5: that you laid out from the start.
• 53:43
  Speaker 4: All right, so let's go into Okay, so let's go
• 53:45
  Speaker 4: into next slot. Yeah, dividends. That's something that people talk
• 53:51
  Speaker 4: about a lot.
• 53:53
  Speaker 5: Dividends. Now, seventy five percent of companies paid dividend, and
• 53:59
  Speaker 5: that's simply they're retained earnings that companies are paying. But
• 54:02
  Speaker 5: oftentimes those seventy five companies are we're talking about your
• 54:06
  Speaker 5: blue chip, your old guard companies. They're so profitable that
• 54:11
  Speaker 5: they're now deploying the money into and to share their shareholders. Okay,
• 54:16
  Speaker 5: and so dividend stocks are Troy alluded to it. Rashida
• 54:21
  Speaker 5: alluded to Verizon. Think Verizon, Think Coca Cola, Think PEPSI,
• 54:27
  Speaker 5: think Modernant, think five. Think about those names that you
• 54:31
  Speaker 5: know or are familiar with that's been around for a
• 54:34
  Speaker 5: long time. They're done growing. They're not the hot stocks
• 54:38
  Speaker 5: that people are talking about. That's one clue that you
• 54:40
  Speaker 5: can use to understand whether or not something is is
• 54:44
  Speaker 5: at that stage that they could be paying potentially a dividend.
• 54:48
  Speaker 5: You can also look at dividend kings, dividend aristocrats, you
• 54:52
  Speaker 5: have other ways to kind of figure out who are
• 54:56
  Speaker 5: these companies that are paying dividends withh can serve as
• 55:00
  Speaker 5: some type of passive income for you as a shareholder. Okay.
• 55:05
  Speaker 5: Now you have to understand people that are dividend investors
• 55:09
  Speaker 5: have a different focus and a different goal in mind, okay.
• 55:13
  Speaker 5: And so if you're thinking dividends, you might not want
• 55:18
  Speaker 5: the volatility. You might not be looking for all the growth.
• 55:22
  Speaker 5: You just might be wanting a little kickback on the
• 55:25
  Speaker 5: amount you have invested. Okay. And so those type of
• 55:29
  Speaker 5: companies are there in the market for you to consider.
• 55:34
  Speaker 5: Stocks like a Tesla, which are growth companies, stocks that
• 55:38
  Speaker 5: are still in that growth mode, CrowdStrike, other stocks that
• 55:41
  Speaker 5: you might hear that are new or younger. They're not
• 55:46
  Speaker 5: at that stage to be paying out a dividend to
• 55:50
  Speaker 5: shareholders yet because they're still reinvesting all their money back
• 55:53
  Speaker 5: into the company to allow it to grow further and
• 55:57
  Speaker 5: do more innovation. So understand the differentference when you're thinking
• 56:01
  Speaker 5: about dividends, then you have reads for all my real
• 56:04
  Speaker 5: estate people out there, you have real estate Investment trust
• 56:09
  Speaker 5: and these vehicles allow you to invest in companies that
• 56:13
  Speaker 5: are solely focused on real estate, okay, and so they
• 56:18
  Speaker 5: too pay a dividend. That's why a lot of people
• 56:21
  Speaker 5: lean towards some of those stocks. So think about this.
• 56:24
  Speaker 5: If you guys are in Atlanta, If you guys are
• 56:27
  Speaker 5: in New York, think about your malls, Think about your
• 56:31
  Speaker 5: cvs is. Think about some of the buildings that those
• 56:36
  Speaker 5: places are in that their mall is housed in. Those
• 56:40
  Speaker 5: are reats, Okay. Then you have medical think about your hospital,
• 56:45
  Speaker 5: think about your grocery store, think about the building. We're
• 56:49
  Speaker 5: talking infrastructure. Those are ways for you to invest in
• 56:53
  Speaker 5: some of those vehicles, which they are required to pay
• 56:57
  Speaker 5: a dividend. Okay. So there there's ways to make passive
• 57:01
  Speaker 5: income through dividend investing, reinvesting. If you got a nice
• 57:06
  Speaker 5: slant towards real estate and you kind of want to
• 57:08
  Speaker 5: stand that lane on the top of the properties you
• 57:11
  Speaker 5: might own, but do it through investing in the stock market.
• 57:14
  Speaker 5: Reads are things you can consider alongside dividends.
• 57:18
  Speaker 6: Yeah, and it's important to know, especially from a diffidence standpoint,
• 57:22
  Speaker 6: the more you own the shares in the stock, the
• 57:24
  Speaker 6: more obviously you're going to pay back to you. And
• 57:26
  Speaker 6: I always tell people, right, like, try to get to
• 57:28
  Speaker 6: a threshold or a goal, right, whether it's going to
• 57:31
  Speaker 6: have one share to start with, maybe by the end
• 57:34
  Speaker 6: of the year, I want to have ten, Hopefully I
• 57:35
  Speaker 6: get to one hundred. I always say one hundred is
• 57:37
  Speaker 6: a good threshold, right, because that allows you to use
• 57:40
  Speaker 6: other derivatives to now trade. Right when we're talking about options,
• 57:43
  Speaker 6: having a hundred shares of it equals one call or
• 57:46
  Speaker 6: a put. So the more you own number one, you
• 57:50
  Speaker 6: can now trade differently. But it also gives you voting power, right,
• 57:53
  Speaker 6: So you'll start getting emails from some of these companies,
• 57:55
  Speaker 6: whether it's a micro Microsoft for Apple, because they're going
• 57:58
  Speaker 6: to have board meetings that they're going to have annual
• 58:00
  Speaker 6: meetings that you're gonna invite to that and have privy
• 58:02
  Speaker 6: to to watch. So there's benefits that come with owning shares.
• 58:06
  Speaker 6: Dividends is one of them, but there are also other
• 58:08
  Speaker 6: benefits as well.
• 58:09
  Speaker 5: Let's tell them this joy. Some growth companies become dividend companies,
• 58:15
  Speaker 5: they end up paying a dividend, maybe because of profitability
• 58:20
  Speaker 5: as well their balance sheet allows them to. So some
• 58:24
  Speaker 5: more companies now, for instance, Meta would be more what
• 58:29
  Speaker 5: is a growth company, and there's still got more growth
• 58:31
  Speaker 5: in it, but they're now paying a dividend. What you
• 58:34
  Speaker 5: will see when companies that are currently growth companies but
• 58:38
  Speaker 5: they have moved into panidividing, their dividend payout will be
• 58:42
  Speaker 5: a lot smaller. So if you look at the dividend
• 58:45
  Speaker 5: payout of Meta versus the dividend payout of Main Street
• 58:49
  Speaker 5: Capital or Capital Southwest or Verizon, you will notice a
• 58:55
  Speaker 5: vast different in the dividend yield. So understand that, yes,
• 59:00
  Speaker 5: some growth stocks are reaching that level of growth where
• 59:02
  Speaker 5: they are paying a dividend, but that dividend is smaller
• 59:06
  Speaker 5: to start out, and it will get bigger and snowball
• 59:09
  Speaker 5: years down the road. But right now you have some
• 59:12
  Speaker 5: of those dividend kings and some of those dividend aristocrats
• 59:15
  Speaker 5: that are simply relling in shareholders by way of the
• 59:20
  Speaker 5: payout of their.
• 59:21
  Speaker 3: Dividing, and nothing you need to do, right this is
• 59:23
  Speaker 3: automatically going to happen. Automatic They're going to send.
• 59:26
  Speaker 6: You an alert saying that there's a dividend being paid out,
• 59:28
  Speaker 6: it's going to go directly into your account. So if
• 59:30
  Speaker 6: you have shares, it's going to add into the value
• 59:32
  Speaker 6: of those shares.
• 59:33
  Speaker 5: And let's say this add this to the troy UH.
• 59:35
  Speaker 5: Dividend payouts come out. Some pay weekly, some pay monthly,
• 59:42
  Speaker 5: most quarterly. You need to know you can you can
• 59:45
  Speaker 5: build a whole system on certain stocks that will pay
• 59:48
  Speaker 5: you monthly, certain stocks that will pay you weekly, and
• 59:51
  Speaker 5: certain stocks that will pay you quarterly. You can have
• 59:54
  Speaker 5: a whole formula in terms of how you pick and
• 59:57
  Speaker 5: teer your stocks so that the they can pay you
• 1:00:00
  Speaker 5: in that manner and you always get something coming out.
• 1:00:03
  Speaker 5: And so that's the other thing. They pay in different timeframes.
• 1:00:07
  Speaker 4: And also if you want to accelerate your growth, you
• 1:00:09
  Speaker 4: can choose to reinvest the dividend, yeah, with the company
• 1:00:13
  Speaker 4: whoever you're holding with, right, And that's you're just buying
• 1:00:16
  Speaker 4: more stock, more shares, but you're not actually taking five
• 1:00:19
  Speaker 4: hundred dollars. If they give you a dividend for four
• 1:00:21
  Speaker 4: hundred dollars, you just use that to put it back
• 1:00:23
  Speaker 4: into the market.
• 1:00:24
  Speaker 6: Yeah, And that's just that's a click of a button. Right,
• 1:00:27
  Speaker 6: If you wanted to have reinvested. You just actually clicked
• 1:00:29
  Speaker 6: that as an option on on your broger's account and
• 1:00:32
  Speaker 6: to do it for you.
• 1:00:33
  Speaker 3: Again, you don't this is automatic. You don't do anything.
• 1:00:36
  Speaker 4: Would you recommend investing in a company just for a dividend?
• 1:00:41
  Speaker 5: Again, that type of question depends on the person's situation,
• 1:00:47
  Speaker 5: So like if they were solely looking for a dividend payout,
• 1:00:53
  Speaker 5: or like, for instance, guys, I have a dividend portfolio.
• 1:00:56
  Speaker 5: It's more for teaching purposes, but it helps me to
• 1:01:00
  Speaker 5: each people better. So mainstreat Capital and Verizon for example,
• 1:01:05
  Speaker 5: and Altria are some of the best paying dividend stocks.
• 1:01:09
  Speaker 5: But I use it. I use it to show the
• 1:01:12
  Speaker 5: masses that this can pay my consumer's energy bill or
• 1:01:15
  Speaker 5: we in Michigan dte okay. And so when they see
• 1:01:20
  Speaker 5: what my dividend payout is and then I show them
• 1:01:23
  Speaker 5: what the bill was on my energy and gas bill,
• 1:01:27
  Speaker 5: they're seeing the correlation that this had the ability to
• 1:01:31
  Speaker 5: pay this. Obviously, we're dripping we call dividend reinvestment. We're
• 1:01:37
  Speaker 5: dripped back into the play, so we're not actually paying
• 1:01:41
  Speaker 5: it with the dividend, but we're showing them that it
• 1:01:44
  Speaker 5: could actually pay a bill and what Troy told you
• 1:01:46
  Speaker 5: guys is key. The more money you get into the dividend,
• 1:01:50
  Speaker 5: the bigger the payout, So you could get to a
• 1:01:53
  Speaker 5: level where it could do something more substantial. Rashad talked
• 1:01:57
  Speaker 5: about recently for you guys about letting your investments pay
• 1:02:01
  Speaker 5: for your lifestyle. You can do that through dividend investing
• 1:02:04
  Speaker 5: that just take a lot of money, or you can
• 1:02:07
  Speaker 5: simply do it through long term investing and you will
• 1:02:09
  Speaker 5: see it happen and take shape organically over time. It's
• 1:02:13
  Speaker 5: ways to do it, and it's possible that it could
• 1:02:16
  Speaker 5: be done.
• 1:02:17
  Speaker 3: Yeah, and I think you gave out a bunch of
• 1:02:19
  Speaker 3: good dival ones.
• 1:02:19
  Speaker 6: If anybody's looking at the dividends, I'll trio is that
• 1:02:22
  Speaker 6: was probably one of the top performed ones last year.
• 1:02:24
  Speaker 6: You talked about Chevron, Pepsicol, Coke the Rising, which we
• 1:02:29
  Speaker 6: spoke about. So they're out there and it's a quick search,
• 1:02:32
  Speaker 6: right like if you're on any of these publications. Morning
• 1:02:36
  Speaker 6: Star is a good source if you're going to use that,
• 1:02:39
  Speaker 6: they'll tell you how they're performing.
• 1:02:40
  Speaker 3: You can watch this on a monthly basis.
• 1:02:44
  Speaker 4: And then on the reach. It's important too that for
• 1:02:45
  Speaker 4: people to know the difference between equity and mortgage reach right,
• 1:02:49
  Speaker 4: like the mortgage reaches like mortgage backed securities, and equity
• 1:02:53
  Speaker 4: reaches like the actual malls and the physical property. So
• 1:02:57
  Speaker 4: if the real estate people like the two forms of
• 1:03:01
  Speaker 4: real estate that you can invest in the market, you
• 1:03:03
  Speaker 4: can actually invest like in the stock market and have
• 1:03:06
  Speaker 4: that real estate exposure for people that don't necessarily want
• 1:03:09
  Speaker 4: to go in and just buy a bunch of properties
• 1:03:13
  Speaker 4: and deal with that issues. All right, all right, let's
• 1:03:20
  Speaker 4: slip onto best button and share, ladies and gentlemen.
• 1:03:26
  Speaker 5: Very IRAIS and retirement account Make sure I hit the
• 1:03:29
  Speaker 5: like button. Make sure you guys share this IRAIS and
• 1:03:32
  Speaker 5: retirement accounts. What are the options? Guys? These are things
• 1:03:38
  Speaker 5: Rasha alluded to this. You have some of these already.
• 1:03:41
  Speaker 5: Some of you have been investing blindly and passively just
• 1:03:45
  Speaker 5: through your job and dollar cost averaging. So some of
• 1:03:49
  Speaker 5: the things we talked about in our lesson today you
• 1:03:52
  Speaker 5: have been doing just by happenstance. Traditional wrathed IRA wrath
• 1:03:59
  Speaker 5: IRA are some investment in retirement accounts. You have your
• 1:04:04
  Speaker 5: four to one K. You guys all may be familiar
• 1:04:06
  Speaker 5: with that. If you have a W two type of job,
• 1:04:11
  Speaker 5: your four or three B. Myself and Troy, we are
• 1:04:14
  Speaker 5: former educators, and so we know about the four fifty seven.
• 1:04:19
  Speaker 5: You got your health savings account. You have various ira
• 1:04:25
  Speaker 5: and retirement vehicles to investing. Let me break down this
• 1:04:29
  Speaker 5: traditional roth ira okay, and the roth ira. These two vehicles, okay,
• 1:04:40
  Speaker 5: not that there is a knock. There's never no knock
• 1:04:42
  Speaker 5: to investing. But they have caps, they have limitations, they
• 1:04:47
  Speaker 5: have income limits, okay, and so if you make a
• 1:04:51
  Speaker 5: certain amount over a certain threshold, then this might not
• 1:04:55
  Speaker 5: be readily available to you. You might have to do
• 1:04:58
  Speaker 5: a roth conversion. Okay, you have to do something different.
• 1:05:02
  Speaker 5: But a wroth ira is after tax dollars that you
• 1:05:05
  Speaker 5: guys would be investing. So after your money has went
• 1:05:08
  Speaker 5: into your work for one CA that they automatically debited
• 1:05:12
  Speaker 5: out of your account into your retirement. Hopefully you got
• 1:05:16
  Speaker 5: that at least seven percent or fifteen percent. We got
• 1:05:19
  Speaker 5: to do better with our allocation, okay, After tax dollars
• 1:05:23
  Speaker 5: would then go into your roth ira. Similar to what
• 1:05:27
  Speaker 5: Rashad told you guys earlier with you need to get
• 1:05:32
  Speaker 5: your own brokerage account. You got to have inside that
• 1:05:35
  Speaker 5: brokerage account a roth ira as well. So that you
• 1:05:40
  Speaker 5: can put up to the limit, which this year is
• 1:05:42
  Speaker 5: seven thousand dollars into that, and if you're over fifty,
• 1:05:47
  Speaker 5: you can put up another thousand, which would get you
• 1:05:49
  Speaker 5: up to eight thousand dollars on a year. And so
• 1:05:52
  Speaker 5: these are other things you can do in addition to
• 1:05:56
  Speaker 5: your stocks, in addition to your ETFs, in addition to
• 1:06:00
  Speaker 5: trading options, in addition to your money markets. These are
• 1:06:04
  Speaker 5: things you can do as well on the wealth building journey,
• 1:06:08
  Speaker 5: even as a beginner.
• 1:06:11
  Speaker 4: Yeah, an HSA thing is something that people don't talk
• 1:06:13
  Speaker 4: about a lot of either because.
• 1:06:14
  Speaker 5: They don't that's the game changer for me. The HSA
• 1:06:19
  Speaker 5: Health Savings Account gods just so you know, the acronym
• 1:06:21
  Speaker 5: health savings account. So whether you're married and or single,
• 1:06:26
  Speaker 5: if your insurance has a HSA a health savings plan,
• 1:06:33
  Speaker 5: you can use the money to take care of doctor bills, appointments,
• 1:06:38
  Speaker 5: code pays. But whatever money isn't used, the HSA invest
• 1:06:43
  Speaker 5: in it invested for you. Inside some of their allocations.
• 1:06:48
  Speaker 5: They have mutual funds that you can pick from growth tech,
• 1:06:51
  Speaker 5: some of the things that Shad told you guys about earlier.
• 1:06:54
  Speaker 5: Growth tech. You can do energy. They have it all
• 1:06:58
  Speaker 5: inside the HSA, just type health savings account, okay, and
• 1:07:04
  Speaker 5: you will see like health equity dot Com will come up.
• 1:07:07
  Speaker 5: You will see certain things come up. And if you
• 1:07:09
  Speaker 5: invest inside that I know, being married, we can put
• 1:07:13
  Speaker 5: up to seven a little over seven thousand, maybe seventy
• 1:07:16
  Speaker 5: eight hundred a year into this and guess what, guys,
• 1:07:19
  Speaker 5: it reduces your taxable income. Okay, So there's another way
• 1:07:25
  Speaker 5: for on that front, for you guys to also be
• 1:07:28
  Speaker 5: doing the right thing by your money, doing right by
• 1:07:31
  Speaker 5: your money, but also reducing your taxable income. And that money,
• 1:07:36
  Speaker 5: if not used for a copey simply is there growing
• 1:07:40
  Speaker 5: on your behalf and that can snowpole pretty big. For
• 1:07:45
  Speaker 5: those of you that stay on top of your health
• 1:07:48
  Speaker 5: and wealth.
• 1:07:49
  Speaker 3: You can use it.
• 1:07:50
  Speaker 4: You can sixty five. So if that's gonna be a
• 1:07:54
  Speaker 4: question people like, well, if I don't you you're supposed
• 1:07:56
  Speaker 4: to use the for medical expenses. If you don't use
• 1:07:58
  Speaker 4: it for medical expenses, if you can use it after
• 1:08:01
  Speaker 4: sixty five without getting penalized, Yeah, it's like it's another
• 1:08:04
  Speaker 4: form of retirement, right, another form saving money that you
• 1:08:09
  Speaker 4: have to pay like a deductibles or like you said,
• 1:08:10
  Speaker 4: out of the pocket medical expenses but it's invested in
• 1:08:12
  Speaker 4: the market. But as that's growing, if the money that
• 1:08:16
  Speaker 4: you don't spend. So if you're sixty five years old,
• 1:08:19
  Speaker 4: you have one hundred thousand dollars in HSA. Now that
• 1:08:22
  Speaker 4: effectively is like another IRA for you because you can
• 1:08:25
  Speaker 4: use that for your retirement without getting penalized. So if
• 1:08:29
  Speaker 4: you use it before that for anything other than medical expenses,
• 1:08:32
  Speaker 4: you get penalized. But if you use it after sixty five,
• 1:08:36
  Speaker 4: that's important for people to fully understand. So it's a
• 1:08:39
  Speaker 4: way to definitely, you know, kind of hedge with the
• 1:08:44
  Speaker 4: medical aspect of it, but also it's like a double
• 1:08:46
  Speaker 4: edged sword where you saving for retirement also if you
• 1:08:48
  Speaker 4: don't use it.
• 1:08:50
  Speaker 3: Chris, you brought something in terms of education.
• 1:08:52
  Speaker 6: I was both being education about maximizing these allocations. Now
• 1:08:58
  Speaker 6: at twenty five, I'm fresh in to the game. I'm
• 1:09:00
  Speaker 6: about to make sixty five thousand dollars for the year,
• 1:09:03
  Speaker 6: seventy dolls. You're not thinking, hey, I should take the
• 1:09:07
  Speaker 6: largest percentage, just like, all right, what's the lowest I
• 1:09:09
  Speaker 6: can put three percent?
• 1:09:10
  Speaker 3: I'm gonna do that.
• 1:09:12
  Speaker 6: Talk about the mindset and the ship because people are
• 1:09:14
  Speaker 6: looking like what can I do right now? Like this
• 1:09:16
  Speaker 6: is something that you can go to your HR department
• 1:09:19
  Speaker 6: like on Monday right and say, hey, I want to
• 1:09:22
  Speaker 6: actually max out my four or three B Talk about
• 1:09:24
  Speaker 6: the importance of that, because I don't think people really
• 1:09:26
  Speaker 6: understand it. Is that one guy that comes once a
• 1:09:28
  Speaker 6: year to talk to you about it at lunch and
• 1:09:30
  Speaker 6: you never see him and then you just forget about it.
• 1:09:32
  Speaker 3: Talk about the importance.
• 1:09:33
  Speaker 5: It's so important because time is our greatest asset, and
• 1:09:38
  Speaker 5: so the earlier you can do these things, take advantage
• 1:09:41
  Speaker 5: of all these vehicles, the bigger your pot will be,
• 1:09:44
  Speaker 5: the bigger your nest egg will be when it's all
• 1:09:46
  Speaker 5: said and done. So listen to this. You can't miss
• 1:09:49
  Speaker 5: what you never had. You can't miss what you've never seen.
• 1:09:52
  Speaker 5: If you take that allocation that they're going to buy default,
• 1:09:55
  Speaker 5: have it at between one and three percent, If you
• 1:09:59
  Speaker 5: move it to seven percent or fifteen percent, and you
• 1:10:02
  Speaker 5: get used to living your lifestyle around what your check
• 1:10:05
  Speaker 5: will then be when that comes to you every two
• 1:10:08
  Speaker 5: weeks or how often when you get paid, you won't
• 1:10:11
  Speaker 5: miss it because you didn't see it. It's only when
• 1:10:15
  Speaker 5: you see, oh man, my check three thousand dollars you
• 1:10:19
  Speaker 5: think you got three thousand dollars to spend. Okay, But
• 1:10:22
  Speaker 5: if you never seen three thousand or whatever your check
• 1:10:25
  Speaker 5: may be, because it is going to something that's going
• 1:10:28
  Speaker 5: to your future self is gonna thank you for. That's
• 1:10:32
  Speaker 5: how you get ahead of the game. And so the earlier,
• 1:10:34
  Speaker 5: if you're twenty four years old and you're seeing this,
• 1:10:36
  Speaker 5: the earlier you can go into your employer, your place
• 1:10:39
  Speaker 5: of employment and tell them, if I'm receiving a four
• 1:10:43
  Speaker 5: to one K contribution, can you make sure my allocation
• 1:10:46
  Speaker 5: is at least seven to twelve percent. Fifteen percent is
• 1:10:50
  Speaker 5: on the higher end, but that will even be good
• 1:10:52
  Speaker 5: if you can make that shake. If you're still living
• 1:10:54
  Speaker 5: at home and you don't have and your mom is
• 1:10:56
  Speaker 5: letting you do your thing, and you not having a
• 1:10:58
  Speaker 5: whole bunch of responsibility, put it at fifteen percent into
• 1:11:02
  Speaker 5: you get your own place, and then scale it back
• 1:11:04
  Speaker 5: down to seven. But you can't miss what you never had, okay.
• 1:11:08
  Speaker 5: And so if you get that mindset early, you're off
• 1:11:11
  Speaker 5: into the races. Okay. For me, it kind of clicked
• 1:11:15
  Speaker 5: when I was around twenty seven. Between that twenty seven
• 1:11:20
  Speaker 5: and twenty nine year range for me, you know what
• 1:11:22
  Speaker 5: I'm saying, but listen to how it happened. Though my
• 1:11:25
  Speaker 5: wife I saw her four A one K killing mine.
• 1:11:29
  Speaker 5: I'm looking like, what am I doing? My allocation was poor,
• 1:11:33
  Speaker 5: My allocation wasn't where it needed to be. I'm looking like, man,
• 1:11:36
  Speaker 5: I've been I was the administrator in higher education for
• 1:11:39
  Speaker 5: ten years? What am I doing? My investments? Because of
• 1:11:45
  Speaker 5: what I was controlling? Blew my higher education job, which
• 1:11:50
  Speaker 5: was good benefits, It blew those in. They blew that
• 1:11:53
  Speaker 5: four one K out the water. That showed me the
• 1:11:58
  Speaker 5: importance of man. My wife life retirement was way higher
• 1:12:01
  Speaker 5: than mine simply because hers was like at twelve or fifteen,
• 1:12:05
  Speaker 5: the whole teen year she was in the health field.
• 1:12:08
  Speaker 5: And so Troy brought it up. But it's need to
• 1:12:12
  Speaker 5: be said, do it as early as you can. Your
• 1:12:15
  Speaker 5: future self will thank you later.
• 1:12:17
  Speaker 4: And then also before we leave this topic, it's impoint
• 1:12:19
  Speaker 4: people to understand the full one K forth to be
• 1:12:23
  Speaker 4: four fifty seven, like they'll give you a bunch of
• 1:12:25
  Speaker 4: different options. A lot of time people don't invest because
• 1:12:28
  Speaker 4: they don't know how to go about it, and there
• 1:12:30
  Speaker 4: intimidate it. One of the easiest ways is to pick
• 1:12:32
  Speaker 4: a target date fund, so a target date fund is
• 1:12:35
  Speaker 4: that it calculates your age and the age that you
• 1:12:38
  Speaker 4: would be like around sixty year postal retirement, so it
• 1:12:40
  Speaker 4: might be twenty thirty, twenty forty, twenty fifty, depends on
• 1:12:43
  Speaker 4: how old you are. And the whole theory with retirement
• 1:12:46
  Speaker 4: plan is that you got to be aggressive when you're
• 1:12:48
  Speaker 4: young and conservative when you get older, so it automatically
• 1:12:51
  Speaker 4: changes over the course of time. So that's a very
• 1:12:54
  Speaker 4: cookie cutter, easy approach to take if you if you
• 1:12:57
  Speaker 4: are like unsure of like twenty different options that you
• 1:13:01
  Speaker 4: have available to you. The target date is something that
• 1:13:06
  Speaker 4: is recommendable. I used to recommend it when I was
• 1:13:08
  Speaker 4: in advisor. It's like, that's something that is kind of
• 1:13:13
  Speaker 4: does the work for you and you don't have to
• 1:13:15
  Speaker 4: worry about changing in every five years and switching the allocations.
• 1:13:18
  Speaker 4: And then sometimes you have a rough full one K
• 1:13:21
  Speaker 4: component two in your job. That's important to acts because
• 1:13:25
  Speaker 4: the wrong the difference between the ROW and the traditional
• 1:13:27
  Speaker 4: is that one takes money you save money today, which
• 1:13:30
  Speaker 4: is a traditional, when you save money later, which is
• 1:13:32
  Speaker 4: the ROW. So it depends on your situation. But if
• 1:13:36
  Speaker 4: you have let's say a million dollars in retirement and
• 1:13:39
  Speaker 4: you took out that whole million dollars at one time
• 1:13:42
  Speaker 4: from your four one K, you would get like six
• 1:13:45
  Speaker 4: hundred thousand net because that is fully taxable. So that's
• 1:13:50
  Speaker 4: important for people to fully understand, especially when you think
• 1:13:52
  Speaker 4: about your retirement. You think that you got a certain
• 1:13:54
  Speaker 4: amount of money, but you don't. You don't realize that
• 1:13:56
  Speaker 4: that's taxable state and federal tax. That's why a lot
• 1:13:59
  Speaker 4: of people to Florida when they retire because there's no
• 1:14:02
  Speaker 4: there's no state tax, but regardless the way you look,
• 1:14:04
  Speaker 4: you still gotta pay federal tax. But if you have
• 1:14:06
  Speaker 4: the row, if you have a million dollars, hypothetically, then
• 1:14:09
  Speaker 4: you took out all a million dollars at one time,
• 1:14:12
  Speaker 4: you would get one million dollars because it's not taxable.
• 1:14:15
  Speaker 4: But you didn't you didn't get a tax benefit when
• 1:14:18
  Speaker 4: you put the money in today. So that's important for
• 1:14:22
  Speaker 4: people to understand. As far as a tax, because we
• 1:14:24
  Speaker 4: don't talk about taxes at all, but even like capital
• 1:14:26
  Speaker 4: gains short term long term, that's important for people because
• 1:14:29
  Speaker 4: it's like you do a lot of like trading or
• 1:14:32
  Speaker 4: selling stocks, and you don't realize that you you're racking
• 1:14:36
  Speaker 4: up a tax bill and then at the end of
• 1:14:38
  Speaker 4: the year, you like, damn, I gotta pay taxes. I
• 1:14:40
  Speaker 4: didn't even know I had to pay taxes on this,
• 1:14:42
  Speaker 4: Like I kept it in my broken account and I
• 1:14:44
  Speaker 4: didn't put it in my bank account. But if you
• 1:14:46
  Speaker 4: sell a stock, you pay capital gains tax on that stock.
• 1:14:50
  Speaker 4: You don't pay capital gains tax on your retirement, but
• 1:14:53
  Speaker 4: you do pay federal and state tax if it's not
• 1:14:56
  Speaker 4: a row. So understanding that is in important because you
• 1:15:01
  Speaker 4: don't want to get like twenty years down the line
• 1:15:04
  Speaker 4: and it's like, damn, I wish I had a rough
• 1:15:06
  Speaker 4: because now I gotta pay hundreds of thousands of dollars
• 1:15:09
  Speaker 4: because I have millions of dollars in my four to
• 1:15:11
  Speaker 4: one K.
• 1:15:11
  Speaker 3: Yeah, and you don't want to put the profits.
• 1:15:13
  Speaker 6: If you're talking about stocks into your account and say, oh,
• 1:15:15
  Speaker 6: this is all profit. Now, there's a percentage of that
• 1:15:18
  Speaker 6: that's going to be for taxes if it's been with
• 1:15:21
  Speaker 6: if you sold it within a year and a day,
• 1:15:23
  Speaker 6: that's going to be short term capital games. And depending
• 1:15:26
  Speaker 6: on your tax threshold, that's the allocation that you're gonna
• 1:15:28
  Speaker 6: have to pay for it.
• 1:15:29
  Speaker 3: If it's over a year and a day.
• 1:15:31
  Speaker 6: It's long term, and again there's a cap on that
• 1:15:34
  Speaker 6: things like fifteen percent for the most part.
• 1:15:36
  Speaker 3: Sometimes it does go up to twenty.
• 1:15:38
  Speaker 6: But that's a big percentage, right, I know, in the
• 1:15:39
  Speaker 6: short term it can get up to thirty thirty seven
• 1:15:41
  Speaker 6: to thirty nine percent. So you're talking about a twenty
• 1:15:43
  Speaker 6: percent difference if you just hold long term.
• 1:15:46
  Speaker 3: That's why we always stress it.
• 1:15:49
  Speaker 5: Yeah, that's good, all right, all right.
• 1:15:53
  Speaker 3: Let's keep cooking, man, let's do it moving along.
• 1:15:57
  Speaker 5: But we got here money markets and h y s
• 1:16:01
  Speaker 5: a high yell savings account, guys. Money market accounts just
• 1:16:06
  Speaker 5: another account that you need to be mindful of, maybe
• 1:16:09
  Speaker 5: at your bank, Like Rashad told you, guys, if you
• 1:16:12
  Speaker 5: do open a brokerage account, your money is going into
• 1:16:16
  Speaker 5: some form of a money market account in that specific brokerage. Okay,
• 1:16:22
  Speaker 5: now listen to this. Money market accounts are based on
• 1:16:27
  Speaker 5: what's going on in the economy sometimes, and so you
• 1:16:30
  Speaker 5: might see the rates on those change. Now, it's still
• 1:16:33
  Speaker 5: a little bit better than a savings account, okay. And
• 1:16:37
  Speaker 5: so if you can get your money marketed account to
• 1:16:40
  Speaker 5: be at three zero point seven percent, four percent, if
• 1:16:44
  Speaker 5: you even get five percent on a money market account.
• 1:16:47
  Speaker 5: It's not a bad place to park your cash. Why
• 1:16:50
  Speaker 5: you're deciding what you want to invest in, okay, money
• 1:16:54
  Speaker 5: market is not an investment, so you want to make
• 1:16:56
  Speaker 5: sure you not playing a money market game thinking you're investing. No,
• 1:17:02
  Speaker 5: that money is. You're trying to devise a game plan
• 1:17:05
  Speaker 5: for where it's going to go, and you're letting it
• 1:17:07
  Speaker 5: build and grow wise sitting okay until your plan is finalized.
• 1:17:12
  Speaker 5: A high yeld savings account okay, is a little bit
• 1:17:15
  Speaker 5: better in terms of the rate of return you can
• 1:17:18
  Speaker 5: get on your capital that may be sitting in one.
• 1:17:21
  Speaker 5: Ally investments have some nice rates, okay, some nice CDs,
• 1:17:26
  Speaker 5: some nice regular rates. If your money is in a
• 1:17:29
  Speaker 5: checking and or savings account at Ally so Far has
• 1:17:33
  Speaker 5: some decent rates. Goldman Sacks has some decent rates. There
• 1:17:39
  Speaker 5: are plenty of vehicles with high yield savings rates that
• 1:17:43
  Speaker 5: make it worth at least getting some consideration, especially during
• 1:17:46
  Speaker 5: tons of uncertainty, during times where you may have doubt
• 1:17:51
  Speaker 5: about what you're doing, what to do next. These are
• 1:17:54
  Speaker 5: good vehicles. That's a part of the whole spectrum that
• 1:17:58
  Speaker 5: you might want to park your money into. Okay, So
• 1:18:00
  Speaker 5: these are just money market accounts and in high yold
• 1:18:03
  Speaker 5: savings account. I'll tell you guys this quick story. My
• 1:18:07
  Speaker 5: wife and I retired when we were thirty seven. I
• 1:18:11
  Speaker 5: worked in higher education. I worked at Notre Dame. She
• 1:18:13
  Speaker 5: worked in healthcare. And so check this out. When we retired,
• 1:18:18
  Speaker 5: we had a wealth team and my wealth team. Now
• 1:18:22
  Speaker 5: I won't go deep into all of how they allocate
• 1:18:25
  Speaker 5: our wealth, but one thing they did. We work to
• 1:18:29
  Speaker 5: go to the bank and we no longer have savings
• 1:18:33
  Speaker 5: and checkings account all of our money. We have eleven accounts.
• 1:18:37
  Speaker 5: Every one of them is in that's in a bank,
• 1:18:42
  Speaker 5: a money market and or high yield savings account. Look
• 1:18:45
  Speaker 5: at this. He told us to demand that they pay
• 1:18:49
  Speaker 5: five percent or we leave. So what we noticed was
• 1:18:54
  Speaker 5: this the one they gave us the rate number two.
• 1:18:58
  Speaker 5: The rate do go down if like over time, if
• 1:19:02
  Speaker 5: you don't go back in and make that same declaration
• 1:19:04
  Speaker 5: to them. But what we were noticing was that the
• 1:19:07
  Speaker 5: money we had sitting in our money marketing howyo savings
• 1:19:11
  Speaker 5: account were working on our behalf while we were able
• 1:19:16
  Speaker 5: to continue to invest, continue to look for real estate
• 1:19:20
  Speaker 5: and other opportunities commercial residential opportunities with the money we
• 1:19:25
  Speaker 5: had on hand okay, And so again, guys, there's ways
• 1:19:29
  Speaker 5: to be strategic about the wealth building journey using everything
• 1:19:34
  Speaker 5: that's at your fingertips, from stocks, ETFs, dividends, traditional iras,
• 1:19:41
  Speaker 5: roth iras, retirement accounts, four one case TSP plans four
• 1:19:46
  Speaker 5: fifty three, four to three, four fifty seven, four or three,
• 1:19:50
  Speaker 5: all of it, guys can be working for the greater
• 1:19:53
  Speaker 5: good of your future self. And so that's just a
• 1:19:56
  Speaker 5: note to kind of share with you guys that on that.
• 1:19:59
  Speaker 3: Level, your savings account.
• 1:20:01
  Speaker 6: So I mean, when you think about it, for the
• 1:20:04
  Speaker 6: most part, we were taught to put our money in
• 1:20:06
  Speaker 6: the bank and get a checking account and the savings account.
• 1:20:09
  Speaker 6: And if you ever looked at the yield on a
• 1:20:11
  Speaker 6: traditional savings account, it's like point zero zero three percent.
• 1:20:15
  Speaker 6: So I mean you demanded five percent. I kind of
• 1:20:17
  Speaker 6: liked that man five percent. Usually you see between four
• 1:20:20
  Speaker 6: to four and a half. So that the man with
• 1:20:22
  Speaker 6: five that that was.
• 1:20:23
  Speaker 5: A strong He told me the strong garment And that
• 1:20:27
  Speaker 5: wasn't even my personality type out And and I won't
• 1:20:31
  Speaker 5: even go into it. And I had one account that
• 1:20:33
  Speaker 5: was sitting with some bank for a year. They'll remain nameless,
• 1:20:37
  Speaker 5: and they didn't. They didn't even tell me that these
• 1:20:40
  Speaker 5: vehicles existed. I'm looking like, Wow, I had one hundred
• 1:20:44
  Speaker 5: K sitting in this account for almost ten years. It
• 1:20:48
  Speaker 5: ain't earned nothing. It still was the same exact amount. Yeah,
• 1:20:52
  Speaker 5: I'm still heard about that one. Don't even get me
• 1:20:54
  Speaker 5: going down that bro.
• 1:20:55
  Speaker 3: Two cents a month, two cents a month.
• 1:20:59
  Speaker 5: And so but when I got with my team and
• 1:21:01
  Speaker 5: he he, he informed me about that, and it was
• 1:21:05
  Speaker 5: he said, the bank worked for you. And that's another thing.
• 1:21:08
  Speaker 5: I don't know if our community understands you can tell
• 1:21:11
  Speaker 5: the bank what to do with your money, because if
• 1:21:13
  Speaker 5: you don't, they're going to lend it out and make
• 1:21:15
  Speaker 5: it return on your money. And so it was just
• 1:21:18
  Speaker 5: as little new one. It ain't nothing that's even that deep.
• 1:21:21
  Speaker 5: It was just like, hey, I want my money in
• 1:21:24
  Speaker 5: this the type of account, and I want this percent.
• 1:21:27
  Speaker 5: If not, I'm leaving, I'm taking it up the street.
• 1:21:30
  Speaker 5: He already had gave us other options that made that
• 1:21:33
  Speaker 5: that to consider. That would do it. They didn't want
• 1:21:36
  Speaker 5: to see you leave, so they got on the eight
• 1:21:38
  Speaker 5: ball and so salute to them.
• 1:21:41
  Speaker 3: Real Detroit player.
• 1:21:43
  Speaker 4: Also, CDs been going absolutely like the rates ORCS have
• 1:21:51
  Speaker 4: been going up a lot too, even pretty competitive rates
• 1:21:57
  Speaker 4: these days too.
• 1:21:59
  Speaker 5: Yep, we got those as well. Those are other vehicles
• 1:22:03
  Speaker 5: to consider in addition to ones that's been laid out
• 1:22:06
  Speaker 5: in this episode.
• 1:22:08
  Speaker 4: All Right, all right, all right, so I think we
• 1:22:12
  Speaker 4: got one more slide.
• 1:22:13
  Speaker 3: Let's bring it on.
• 1:22:14
  Speaker 5: Home, Bring it on home, and there's just some resources.
• 1:22:20
  Speaker 5: Troy talk to you guys about morning Star. I want
• 1:22:22
  Speaker 5: you guys to add Morningstar Investing dot Com. Now, this
• 1:22:26
  Speaker 5: whole website is good, but there's a.
• 1:22:29
  Speaker 3: Good go ahead. That's my joint right there.
• 1:22:32
  Speaker 5: Yep, it is the one, and this whole site is
• 1:22:36
  Speaker 5: good if you guys are investing, if you're new, if
• 1:22:40
  Speaker 5: you just want to be in the know about what's
• 1:22:42
  Speaker 5: going on. But there's a tab inside investing dot Com
• 1:22:47
  Speaker 5: called Calendar, and so this one helps you know all
• 1:22:51
  Speaker 5: of those events that are coming up on the day,
• 1:22:55
  Speaker 5: the week, the month, so that you can kind of
• 1:22:57
  Speaker 5: be just aware informed about when CPI is coming, when
• 1:23:02
  Speaker 5: PPI is coming, when the FED speech is coming, when
• 1:23:05
  Speaker 5: the Fed minuce is coming out. Other news about the
• 1:23:09
  Speaker 5: Asian market, the Europe market, just Japan like, it has
• 1:23:14
  Speaker 5: so much information for those that wants to go that
• 1:23:16
  Speaker 5: deep into it that you're fully informed on either what's
• 1:23:20
  Speaker 5: coming down the pipe, what moves, and what plans you
• 1:23:23
  Speaker 5: might want to put in place for something that may
• 1:23:26
  Speaker 5: be about to happen in the future. But investing dot
• 1:23:29
  Speaker 5: com is one that I want all of you guys
• 1:23:31
  Speaker 5: to consider.
• 1:23:32
  Speaker 6: Bloomberg, Chris, let me just ask something really quick about
• 1:23:35
  Speaker 6: investing dot com because I think it's important for anybody.
• 1:23:38
  Speaker 6: And people will hear the word technical analysis, the fundamental analysis.
• 1:23:43
  Speaker 6: I think this is one of those sites that combines
• 1:23:45
  Speaker 6: both the fact if you start opening up some of
• 1:23:47
  Speaker 6: the charts, it makes it a separate page in itself,
• 1:23:50
  Speaker 6: and then it compares it by sect. There it concerns
• 1:23:52
  Speaker 6: of it, by industry. It compares it on a broad scale.
• 1:23:56
  Speaker 6: It is a wealth of information. Plus they'll tell you
• 1:23:59
  Speaker 6: the hot streak, So if you ever go to that
• 1:24:01
  Speaker 6: page of the top one hundred, they'll tell you what
• 1:24:04
  Speaker 6: companies are now hitting the hot streak by their criteria.
• 1:24:07
  Speaker 3: It's one of the best sites that you can use.
• 1:24:09
  Speaker 5: Absolutely for more information. Bloomberg will be one just if
• 1:24:13
  Speaker 5: you want to know information what's going on with the
• 1:24:16
  Speaker 5: overall market, economy, jib, political things that might be coming
• 1:24:21
  Speaker 5: down the pipe with stocks, you know, like in love
• 1:24:23
  Speaker 5: that you might be investing in. Bloomberg is a good
• 1:24:26
  Speaker 5: place everybody that rocks for me. We are commanded to
• 1:24:30
  Speaker 5: watch CNBC on a regular just to just that's our
• 1:24:35
  Speaker 5: sports center. That's the ESPN for traders, okay. And so
• 1:24:40
  Speaker 5: CNBC you want to just see what tickers are flashing,
• 1:24:43
  Speaker 5: whatever they're saying, what the breaking news is at the
• 1:24:45
  Speaker 5: top of the hour, every top of the hour at
• 1:24:48
  Speaker 5: ten o'clock, in two o'clock, CNBC will hit you at
• 1:24:52
  Speaker 5: breaking news. Oftentimes these moves can shift the market. So
• 1:24:57
  Speaker 5: no key time frames in the market as well, that
• 1:25:00
  Speaker 5: your stock may change course or direction at certain hours
• 1:25:05
  Speaker 5: throughout the day. And this is Eastern time, okay. But
• 1:25:08
  Speaker 5: CNBC is another one. And then even though Troy just
• 1:25:12
  Speaker 5: gave y'all the gym is investing dot com, I still
• 1:25:15
  Speaker 5: through in here trading view. You can get all this
• 1:25:19
  Speaker 5: on investment dot com. But you trading view good charts
• 1:25:23
  Speaker 5: Yahoo Finance, we will think or swim got good charts.
• 1:25:28
  Speaker 5: There's things you might want to know in terms of
• 1:25:32
  Speaker 5: I use technical analysis for example, to buy my stocks
• 1:25:36
  Speaker 5: as well, like to get an entry to see when
• 1:25:38
  Speaker 5: something has pulled back to the two hundred day movie average.
• 1:25:41
  Speaker 5: That's a little more advanced, but you might get to
• 1:25:43
  Speaker 5: that place as a beginner, where do I buy my stocks?
• 1:25:47
  Speaker 5: When do I buy? If you're not calculating five percent down,
• 1:25:51
  Speaker 5: ten percent down, twenty percent down, you might want a
• 1:25:54
  Speaker 5: technical viewpoint of where that stock is at and when
• 1:26:00
  Speaker 5: is a good entry for you to get it. And
• 1:26:02
  Speaker 5: so that wraps it up. Guys, just a few resources
• 1:26:05
  Speaker 5: for people give them.
• 1:26:06
  Speaker 6: I'm gonn give them a few more that they can
• 1:26:08
  Speaker 6: write down. The writing is one that's filled with a
• 1:26:11
  Speaker 6: lot of notes. Bar chart are still thing is important.
• 1:26:16
  Speaker 6: I love the support and resistance section on it. A
• 1:26:18
  Speaker 6: lot of people who are trying to figure out how
• 1:26:19
  Speaker 6: I read the chart.
• 1:26:21
  Speaker 5: Troy Troy add add unusual options on bar chart.
• 1:26:27
  Speaker 3: Section.
• 1:26:29
  Speaker 6: Inside of unusual options, it'll tell you the analyst ratings.
• 1:26:32
  Speaker 6: So you'll see, hey, when they tell you this analyst
• 1:26:35
  Speaker 6: is now saying it's a bah. Well, you can see
• 1:26:36
  Speaker 6: overall throughout the market how many are saying so, Toby,
• 1:26:39
  Speaker 6: what's the percentage of people that are saying toabai?
• 1:26:41
  Speaker 3: So these things the things you should look at.
• 1:26:42
  Speaker 6: I think stimizes another one, especially around earnings, which we
• 1:26:46
  Speaker 6: know is quarterly, but it's like the Super Bowl every
• 1:26:49
  Speaker 6: quarter for these companies. To see what they're reporting, what
• 1:26:52
  Speaker 6: their guidance is. You can see what Wall Streets expecting.
• 1:26:55
  Speaker 6: You could actually start predicting what you think and what
• 1:26:58
  Speaker 6: other people on the side are looking at as well,
• 1:26:59
  Speaker 6: to get kind of a good gauge.
• 1:27:01
  Speaker 3: I still use Zachs.
• 1:27:02
  Speaker 6: I think zax is a good site when it's the
• 1:27:06
  Speaker 6: free one is pretty cool, but the payd one's even better.
• 1:27:08
  Speaker 3: I'm still using Wall Street Journal.
• 1:27:10
  Speaker 6: I think it's important, especially when I'm looking for fundamentals.
• 1:27:13
  Speaker 6: A lot of times they're breaking stories and so prior
• 1:27:16
  Speaker 6: to everybody waking up, I gotta check what's happening on
• 1:27:18
  Speaker 6: before it even gets to ce NBC.
• 1:27:20
  Speaker 3: I want to read in Wall Street Journal.
• 1:27:22
  Speaker 6: If you add all these things, this is a wealth
• 1:27:24
  Speaker 6: of information, a wealth of places of resources to get
• 1:27:27
  Speaker 6: knowledge before you make a decision. You have to make
• 1:27:29
  Speaker 6: the research part of your plan, right, so you can
• 1:27:32
  Speaker 6: have the stock make the research part of your plan,
• 1:27:34
  Speaker 6: because now you're making an educated decision before you make
• 1:27:37
  Speaker 6: an investment.
• 1:27:37
  Speaker 5: I love it.
• 1:27:38
  Speaker 4: And then a couple of other resources market mondays, Oh.
• 1:27:42
  Speaker 5: Sure, Mondays, make sure you'all tap in.
• 1:27:46
  Speaker 4: And you deserve to be rich.
• 1:27:48
  Speaker 5: The number one star to be rich. Hey, guys were
• 1:27:51
  Speaker 5: making that number one, Same game money team, y'all know
• 1:27:55
  Speaker 5: what we do. Y'all know how we do. Make sure
• 1:27:57
  Speaker 5: we push that to number one on the charts. We
• 1:28:00
  Speaker 5: talk about number one, not the New York Times bestseller list.
• 1:28:03
  Speaker 5: We talking about number one bestseller. You deserve to be
• 1:28:07
  Speaker 5: rich out not.
• 1:28:08
  Speaker 4: I appreciate that. So with that being said, this still
• 1:28:10
  Speaker 4: one day we're running the promo. You can go to
• 1:28:13
  Speaker 4: you Deserve to be Rich deal dot com. You deserve
• 1:28:16
  Speaker 4: to be rich deal dot com and if you buy
• 1:28:17
  Speaker 4: the book, you get thirty days free uy University and
• 1:28:21
  Speaker 4: all information is on that website and it goes through
• 1:28:23
  Speaker 4: everything you need to do. So yeah, we got to
• 1:28:25
  Speaker 4: push that. But Chris, I want to thank you for
• 1:28:28
  Speaker 4: your time. Talk about you. Talk about you as far
• 1:28:30
  Speaker 4: as like you know, your community, your platform, your YouTube channel,
• 1:28:34
  Speaker 4: like you know people that might not be familiar, like
• 1:28:37
  Speaker 4: talk about what do you actually do as far as
• 1:28:40
  Speaker 4: on on the content side.
• 1:28:41
  Speaker 5: We built the organic empire.
• 1:28:43
  Speaker 4: Man.
• 1:28:44
  Speaker 5: Of course, our saluted you guys along the way because
• 1:28:47
  Speaker 5: it was just good to see two brothers, two best
• 1:28:50
  Speaker 5: friends doing what you guys do. But in lateral to
• 1:28:53
  Speaker 5: you are trailblazing. I've been slowly doing the same and
• 1:28:57
  Speaker 5: built the organic empire like you alluded to. We got
• 1:29:02
  Speaker 5: a I got a huge discord community. I gotta it's
• 1:29:05
  Speaker 5: over fifty thousand and now on the Money Team community.
• 1:29:09
  Speaker 5: But I'm I'm a teacher, so we it's a it's
• 1:29:12
  Speaker 5: a learning environment. All we do is teach. We teach
• 1:29:16
  Speaker 5: risk management and how to read the chart candle structure.
• 1:29:19
  Speaker 5: We're just big and heavy into that. Of course, what
• 1:29:22
  Speaker 5: we talked about today, that's the top of the funnel,
• 1:29:25
  Speaker 5: and then once you get down it, you get to
• 1:29:27
  Speaker 5: the teaching and learning part. So so with me, coaching
• 1:29:32
  Speaker 5: is required. You do one on one coaching, we do
• 1:29:34
  Speaker 5: group coaching, and we foster that organic community that and
• 1:29:41
  Speaker 5: we do this so you guys know, every time you
• 1:29:43
  Speaker 5: guys do invest Fest, to keep the momentum going, we
• 1:29:47
  Speaker 5: have a trader's meetup because one thing I noticed attending
• 1:29:50
  Speaker 5: Investmentest there's so much contagious energy still in the room
• 1:29:55
  Speaker 5: days later that nobody's capitalizing on. So what what our
• 1:29:59
  Speaker 5: community do. We take all the high energy and high
• 1:30:04
  Speaker 5: performers that's really ready and we meet up. So we do,
• 1:30:08
  Speaker 5: we do tours. I'm big on we have a community
• 1:30:12
  Speaker 5: that show up. They That's why I said we're gonna
• 1:30:14
  Speaker 5: make sure your book get number one, because they gonna
• 1:30:17
  Speaker 5: do what we That's how we do. But I'm saying
• 1:30:19
  Speaker 5: that to say we do trader meetups in La Chicago, Florida, Miami,
• 1:30:27
  Speaker 5: and in Texas. But it's to keep the momentum going
• 1:30:31
  Speaker 5: from what they experience what you guys do. Okay, and
• 1:30:35
  Speaker 5: so we notice we can't allow no drop off because
• 1:30:38
  Speaker 5: we still got too much work to do. So the
• 1:30:41
  Speaker 5: whole community is about live. I'm talking about touching people live,
• 1:30:45
  Speaker 5: like letting them be accessible, you know what I'm saying.
• 1:30:48
  Speaker 5: And then every day in the discord and part of
• 1:30:52
  Speaker 5: the way, they're two separate things. So they're not they're
• 1:30:55
  Speaker 5: not mutually excrewed, they're they're two separate things. So if
• 1:30:59
  Speaker 5: you want a disc you get a certain set of services,
• 1:31:02
  Speaker 5: but if you're on a money team, you get a
• 1:31:04
  Speaker 5: different set of services. That's on a whole nother level.
• 1:31:07
  Speaker 5: And so we've been able to do that rashot at
• 1:31:10
  Speaker 5: a high level since twenty twenty, I want to say,
• 1:31:13
  Speaker 5: and right now it's just a. It's a beautiful community
• 1:31:17
  Speaker 5: to be a part of where everybody is eager to learn,
• 1:31:20
  Speaker 5: grow and just be better with their finances.
• 1:31:24
  Speaker 4: Fun. How can they follow you? Like, what's your social man?
• 1:31:28
  Speaker 5: I need all the help I can get. We would
• 1:31:31
  Speaker 5: slow to Instagram, man, so Chris saying underscore Chris Underscoes saying,
• 1:31:37
  Speaker 5: there's my name on Instagram, Twitter. Of course, I'm more
• 1:31:41
  Speaker 5: prevalent on YouTube and so just my name, Chris saying
• 1:31:46
  Speaker 5: on YouTube where you can find me there, chrisaying dot com.
• 1:31:49
  Speaker 5: If guys, you want to join one hundred K challenge,
• 1:31:51
  Speaker 5: that's another thing, rashad it was a game change. We
• 1:31:55
  Speaker 5: have a legendary one hundred K challenge zero to one
• 1:31:57
  Speaker 5: hundred k. So we have a tier of people that
• 1:32:00
  Speaker 5: join because they're trying to make their first ten k,
• 1:32:02
  Speaker 5: a tier people that's trying to make their first twenty
• 1:32:04
  Speaker 5: five K, fifty K, seventy five K, and one hundred k.
• 1:32:08
  Speaker 3: Man.
• 1:32:08
  Speaker 5: If I showed you guys the testimonials and the outcomes
• 1:32:11
  Speaker 5: of that, that's a whole. That's the whole thinking and
• 1:32:15
  Speaker 5: of itself. That really gets people galvanized and mobilized in
• 1:32:19
  Speaker 5: one place, are shooting for their own individual goal. We
• 1:32:23
  Speaker 5: have a saying, run your race at your pace. Don't
• 1:32:26
  Speaker 5: keep up with what nobody else doing on social media.
• 1:32:29
  Speaker 5: Run your race. If you don't know how to trade,
• 1:32:33
  Speaker 5: you can't expect to do what Troy able to do. Okay,
• 1:32:36
  Speaker 5: you got to learn what you You got to learn
• 1:32:39
  Speaker 5: how to just make one hundred dollars a day. And
• 1:32:41
  Speaker 5: so your goal on one hundred k may be different
• 1:32:43
  Speaker 5: than a person that come to me from boring. He
• 1:32:46
  Speaker 5: an engineer, he got six hundred thousand, but he just
• 1:32:49
  Speaker 5: ain't never invested. Your goal might be different than his.
• 1:32:52
  Speaker 5: And so you have to run your race at your pace.
• 1:32:54
  Speaker 5: And so that has changed a lot of lives. But
• 1:32:57
  Speaker 5: it gives us a goal and we walk it out
• 1:33:00
  Speaker 5: or twelve months. It don't take us that long to
• 1:33:01
  Speaker 5: hit one hundred k. I saw that seventy eight k
• 1:33:04
  Speaker 5: you hit Rasha, so you already smashing half of the
• 1:33:08
  Speaker 5: group just on en route to that. But that's how
• 1:33:11
  Speaker 5: we do. We do one hundred k in a week
• 1:33:14
  Speaker 5: and the month sometimes and so but it's a beautiful
• 1:33:17
  Speaker 5: community as well. And then it's just a bunch of
• 1:33:20
  Speaker 5: like minded individuals. One thing I would say I do
• 1:33:22
  Speaker 5: a coaching So it gives me a little more insight
• 1:33:25
  Speaker 5: than your average person. And I talk to the people.
• 1:33:28
  Speaker 5: It ain't my team, it's me talking to the people,
• 1:33:31
  Speaker 5: and so I get these stories every day. And one
• 1:33:34
  Speaker 5: thing I noticed is that they are eager to learn.
• 1:33:40
  Speaker 5: I got the best spirited people. They come with the
• 1:33:42
  Speaker 5: right energy, come with the right mindset, and I just
• 1:33:44
  Speaker 5: love it. In a lot of days, which I salute
• 1:33:47
  Speaker 5: you guys for we don't feel like showing up. Sometimes
• 1:33:49
  Speaker 5: it's the love and the energy from the people that
• 1:33:52
  Speaker 5: energizes you and gets you through and gets you going
• 1:33:56
  Speaker 5: and gets you up for that next day. And so
• 1:33:59
  Speaker 5: that's a little bit of it in a nutshell.
• 1:34:01
  Speaker 4: Man, absolute thank you for coming on. I think this
• 1:34:05
  Speaker 4: was very helpful and beneficial and I'm sure a lot
• 1:34:08
  Speaker 4: of people will gain great insight. Hopefully it could push
• 1:34:12
  Speaker 4: people to, you know, take the first step. I always
• 1:34:14
  Speaker 4: say the most important step is the first step. So
• 1:34:18
  Speaker 4: you know, there's a lot of people that's kind of
• 1:34:19
  Speaker 4: on the fence and thinking about it and a little nervous,
• 1:34:23
  Speaker 4: and you know, so just start, man, it doesn't matter
• 1:34:26
  Speaker 4: if it's a thousand dollars, one hundred dollars, whatever you've got,
• 1:34:29
  Speaker 4: start be intelligent, be disciplined. If you're not gonn get
• 1:34:33
  Speaker 4: anything else from out of it's just understand that it's a marathon,
• 1:34:37
  Speaker 4: right like, one day at a time, one day at
• 1:34:39
  Speaker 4: a time, put the money in. It's not something that
• 1:34:43
  Speaker 4: you're going to become a billionaire overnight. But you can't.
• 1:34:46
  Speaker 4: You can't change it, change your situation with discipline over
• 1:34:51
  Speaker 4: the course of time. So you know, perfect, perfect way
• 1:34:55
  Speaker 4: to start the new year. Absolutely hopefully you know, hopefully
• 1:34:58
  Speaker 4: everybody that that's watching it. Yes, if you haven't invested,
• 1:35:02
  Speaker 4: hopefully you know by next week, you guys have your
• 1:35:04
  Speaker 4: brokerage account set up, you have money in your brokerage account,
• 1:35:08
  Speaker 4: and you'll be ready to you know, place your first
• 1:35:11
  Speaker 4: investment hopefully.
• 1:35:12
  Speaker 3: I said, Man, that's the rules for investment.
• 1:35:14
  Speaker 6: Man, start where you are, use what you can and
• 1:35:17
  Speaker 6: do what you get what you have what you can
• 1:35:18
  Speaker 6: as well. It's the mindset around it is just begin,
• 1:35:22
  Speaker 6: just begin. So from one educated to the next man,
• 1:35:25
  Speaker 6: we salute you brother.
• 1:35:26
  Speaker 3: This is I'm excited. I'm excited to see people get involved.
• 1:35:30
  Speaker 5: Right.
• 1:35:31
  Speaker 6: I had this conversation the other day about the proximity
• 1:35:34
  Speaker 6: to success and wondering, like you know, there's people around
• 1:35:37
  Speaker 6: us that have close proximity to us. They haven't opened
• 1:35:40
  Speaker 6: their brokerage account, right, but somebody's going to encourage them, right.
• 1:35:43
  Speaker 6: They might hear it from somebody else sometimes and it's like,
• 1:35:46
  Speaker 6: all right, this is the starting point. So twenty twenty five,
• 1:35:49
  Speaker 6: we speak about it and it sounds fearful, but this
• 1:35:52
  Speaker 6: is the most important five years that we're going to
• 1:35:54
  Speaker 6: see when you're talking about the obviously from the political landscape,
• 1:35:57
  Speaker 6: but the way technology is had it, we can't miss
• 1:36:00
  Speaker 6: this opportunity.
• 1:36:01
  Speaker 3: And so the best time to start is today.
• 1:36:03
  Speaker 5: Absolutely, appreciate you, brother, I appreciate youall having me man.
• 1:36:09
  Speaker 4: As always, love and thanks to everybody that watch. We'll
• 1:36:12
  Speaker 4: see you guys next week.
• 1:36:14
  Speaker 5: Let's make sure that book is number one you deserve.
• 1:36:17
  Speaker 3: That's a great.
• 1:36:18
  Speaker 4: Make sure you get the book. Get the book a
• 1:36:20
  Speaker 4: couple of hours left before that, before that, that first
• 1:36:23
  Speaker 4: week cycle is over. So we need all all book
• 1:36:26
  Speaker 4: sales help, every book sales help. Hard copy is better
• 1:36:30
  Speaker 4: than audio. So yeah, if you're going get the audio,
• 1:36:34
  Speaker 4: get the hard copy too. Even if you don't.
• 1:36:37
  Speaker 3: He's done plenty of times. Man, you you read the
• 1:36:39
  Speaker 3: book while you listen to us. Read it with you.
• 1:36:42
  Speaker 3: So that's dope and it's us. It's us too.
• 1:36:45
  Speaker 5: Family.
• 1:36:46
  Speaker 4: Yes, all right, guys, we'll see you next week.
• 1:36:48
  Speaker 3: Peace.
• 1:36:50
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