Latest / Earn Your Leisure / The Best Investment Strategy to Make Money

Transcript

The Best Investment Strategy to Make Money · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J.
• 0:20
  Speaker 2: Trump's leadership.
• 0:21
  Speaker 1: I'm Christy nom the United States Secretary of Homeland Security.
• 0:25
  Speaker 1: Under President Trump, attempted illegal border crossings are at the
• 0:29
  Speaker 1: lowest levels ever recorded, and over one hundred thousand illegal
• 0:33
  Speaker 1: aliens have been arrested. If you are here illegally, your
• 0:37
  Speaker 1: next you will be fined nearly one thousand dollars a day, imprisoned,
• 0:41
  Speaker 1: and deported.
• 0:42
  Speaker 2: You will never return.
• 0:44
  Speaker 1: But if you register using our CBP home app and
• 0:47
  Speaker 1: leave now, you could be allowed to return legally.
• 0:50
  Speaker 2: Do what's right. Leave now.
• 0:53
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 0:57
  Speaker 3: Sponsored by the United States Department of Homeland Security is.
• 1:00
  Speaker 4: A sixty forty portfolio dead going forward. So hey, let's
• 1:04
  Speaker 4: just give some insight for what sixty portfolio sixty forty
• 1:08
  Speaker 4: portfolio is that historically has been deemed as a pretty
• 1:15
  Speaker 4: safe way to invest moderate portfolio which consists of sixty
• 1:21
  Speaker 4: percent in equities which is stocks, and forty percent in bonds.
• 1:27
  Speaker 4: So if you have one hundred thousand dollars, sixty thousand
• 1:29
  Speaker 4: dollars will be in stock portfolio, forty thousand dollars will
• 1:32
  Speaker 4: be in a bond portfolio. And it was now has
• 1:35
  Speaker 4: been for a long period of time thought to be,
• 1:39
  Speaker 4: you know, a moderate way to grow wealth over the
• 1:42
  Speaker 4: course of time, not being too aggressive and not being
• 1:45
  Speaker 4: too conservative either, kind of playing middle of the road.
• 1:49
  Speaker 4: That is something that a lot of fall one ks have.
• 1:52
  Speaker 4: If you look at like a moderate portfolio inside of
• 1:56
  Speaker 4: a fall one K, it's usually probably a sixty to
• 1:58
  Speaker 4: forty makeup as opposed to an aggressive portfolio, which is
• 2:04
  Speaker 4: probably an eighty twenty makeup, or a conservative portfolio, which
• 2:09
  Speaker 4: is probably a twenty eighty makeup. Right, So that's just
• 2:13
  Speaker 4: some information if you're just wondering what that means. And
• 2:15
  Speaker 4: I'm sure a lot of people have looked at their
• 2:17
  Speaker 4: four one ks or five twenty nine plans or they've
• 2:20
  Speaker 4: seen different modules where it's aggressive, moderately aggressive, moderate, modely conservative,
• 2:27
  Speaker 4: and then conservative. Right, So now you have some kind
• 2:31
  Speaker 4: of level of background understanding of what that means. So
• 2:36
  Speaker 4: what are your thoughts on a sixty forty portfolio? Ian?
• 2:41
  Speaker 5: I wouldn't say that as there, but I think one
• 2:44
  Speaker 5: thing that we have to focus on. Please write this down.
• 2:47
  Speaker 5: The price in which you buy the asset is more
• 2:50
  Speaker 5: important than ever. So things that historically have worked incredibly well,
• 2:55
  Speaker 5: like if you look at the boy market, you go
• 2:56
  Speaker 5: to TOT that's a ticker. Like once we got to
• 3:00
  Speaker 5: maybe one thirty two fifty seven. If I was a
• 3:06
  Speaker 5: new client of that portfolio, that would be a time
• 3:08
  Speaker 5: to stop buying bonds. Like the bonds of course shot
• 3:10
  Speaker 5: up like crazy during twenty twenty fell apart. Of course
• 3:14
  Speaker 5: we didn't expect to draw down. But that's why I
• 3:16
  Speaker 5: always say, look at the historical numbers. If you go
• 3:18
  Speaker 5: back to two thousand and four, the low is at
• 3:21
  Speaker 5: eighty dollars and fifty one cent. It's currently at one
• 3:23
  Speaker 5: of four to twenty six. I don't know if we'll
• 3:26
  Speaker 5: go back that low, but once we almost have hit
• 3:29
  Speaker 5: ninety percent eighty percent value in any asset, you can't
• 3:33
  Speaker 5: buy it there. What COVID has proven the recession that
• 3:38
  Speaker 5: we're in now that they want to announce. Is that
• 3:41
  Speaker 5: discipline to write price, price action and technicals matter more
• 3:44
  Speaker 5: than ever. Historically, of course, people thought like a sixty
• 3:47
  Speaker 5: to forty portfolio would never lose, and then whenever you
• 3:51
  Speaker 5: invest in something, all hell seems to break loose. You
• 3:53
  Speaker 5: have to be mindful and watch for the prices in
• 3:56
  Speaker 5: what you get in. And that's why I'm very particular
• 3:57
  Speaker 5: about the prices I want to buy things, because has
• 4:00
  Speaker 5: anyone ever bought a stock and everyone someone told you
• 4:03
  Speaker 5: that it was amazing and then you bought it close
• 4:05
  Speaker 5: to highs and then it fell thirty The price in
• 4:09
  Speaker 5: which you acquire these assets are still important regardless. So
• 4:12
  Speaker 5: whether it's the end that's fund bond, Apple, Microsoft, any equity,
• 4:18
  Speaker 5: you have to buy it at the right price. So
• 4:19
  Speaker 5: it's not there. But when we get into these it's
• 4:22
  Speaker 5: really important.
• 4:23
  Speaker 6: I guess, I mean, I guess. I'll ask you guys.
• 4:26
  Speaker 7: And that's one of the things we used to talk about,
• 4:28
  Speaker 7: is like being aggressive when you're young and obviously moreking
• 4:30
  Speaker 7: service as you get older. So do you think does
• 4:34
  Speaker 7: the ages of them inside of that sixty forty rule, right, Like,
• 4:36
  Speaker 7: is that something that the thirty year old I guess
• 4:38
  Speaker 7: the millennials should be looking at and saying, all right,
• 4:41
  Speaker 7: this is a golden rule, this is a safe play
• 4:43
  Speaker 7: at this age.
• 4:43
  Speaker 6: Or should it be more aggressive?
• 4:46
  Speaker 4: Yeah, well, first five thousand people on YouTube hit the
• 4:49
  Speaker 4: like button. Extreme, that's extremely important to hit the to
• 4:55
  Speaker 4: hit the like button. Let's let's start. Let's start there
• 4:58
  Speaker 4: before we go any further. Let's you start there, hit
• 5:01
  Speaker 4: the like button and share. Now. As far as age,
• 5:05
  Speaker 4: of course, the rule of thumb is that you should
• 5:07
  Speaker 4: be more aggressive when you're when you're younger, and more
• 5:11
  Speaker 4: conservative when you get older. That's because you're going to
• 5:16
  Speaker 4: have more time to make up. So like if you
• 5:18
  Speaker 4: if you're invested in the stock market, now, obviously it
• 5:21
  Speaker 4: was a bad year last year, and let's say your
• 5:23
  Speaker 4: portfolio went down forty percent. Right, it's bad, but it's
• 5:28
  Speaker 4: not the end of the world. If you're twenty five,
• 5:30
  Speaker 4: you're thirty years old, you know it's not the end
• 5:32
  Speaker 4: of the world. Right, You still got a long time
• 5:34
  Speaker 4: to actually work and produce income. You still got a
• 5:38
  Speaker 4: long time before you get to the retirement age. So
• 5:40
  Speaker 4: you never want to lose money. But it's not like
• 5:42
  Speaker 4: you're in a if you're seventy five now, the average
• 5:48
  Speaker 4: life expectancy is what eighty two years old, right, So
• 5:50
  Speaker 4: now you've got seven years to live. So if you
• 5:53
  Speaker 4: lose half of your money at seventy five, now that's
• 5:57
  Speaker 4: a crisis. Right now, you might have to go back
• 6:00
  Speaker 4: to work and working at Walmart. So of course you
• 6:04
  Speaker 4: should always be you should. You should each decade, right,
• 6:08
  Speaker 4: you should reevaluate your portfolio and probably become a little
• 6:12
  Speaker 4: bit more conservative. But another thing is that people are
• 6:15
  Speaker 4: living a lot longer these days as well, So it's
• 6:17
  Speaker 4: like traditionally it's like, okay, as soon as you retire,
• 6:20
  Speaker 4: just become extremely conservative. But let's say you retire at sixty,
• 6:25
  Speaker 4: you might live to eighty five. Now you've got another
• 6:27
  Speaker 4: twenty five almost thirty years of life left, right, So
• 6:30
  Speaker 4: you still have to have some i think stocks in
• 6:33
  Speaker 4: your portfolio because you still want to beat inflation. So
• 6:38
  Speaker 4: you just can't afford just to just ride it out.
• 6:40
  Speaker 4: Because now with inflation and then when you're taking money
• 6:45
  Speaker 4: from your account, the worst thing that you can do
• 6:47
  Speaker 4: in a retirement account is outlive your money.
• 6:52
  Speaker 6: Like you don't.
• 6:52
  Speaker 4: You don't want to have to be in a situation
• 6:55
  Speaker 4: where you have no more money left, right, Like you
• 6:59
  Speaker 4: want your money to out You want your money. Write
• 7:02
  Speaker 4: this down. You want your money to outlive you. You never
• 7:05
  Speaker 4: want to outlive your money. That's the worst thing that
• 7:09
  Speaker 4: could happen. If you saved your whole entire life and
• 7:11
  Speaker 4: now you're eighty years old and you have twenty thousand left. Now,
• 7:18
  Speaker 4: now you're in a tough spot. So the only way
• 7:21
  Speaker 4: to really have that is to you have to figure
• 7:23
  Speaker 4: out how much money you can afford to take out
• 7:26
  Speaker 4: every year. Most people think it's around four to five
• 7:28
  Speaker 4: percent of your actual portfolio. But you also have to
• 7:34
  Speaker 4: be invested intelligently. And I think that that has to
• 7:38
  Speaker 4: have some level of stocks. And now it doesn't have
• 7:40
  Speaker 4: to be aggressive stocks, right, you just want to be
• 7:43
  Speaker 4: talking about index fund is different things. You don't have
• 7:45
  Speaker 4: to put all your money in Tesla, but you have
• 7:47
  Speaker 4: to have some level of equity exposure. And we're talking
• 7:52
  Speaker 4: about equities, that's another name for stocks. You have to
• 7:54
  Speaker 4: have some level of stock exposure because your account still
• 7:58
  Speaker 4: has to go up over the course of time.
• 8:01
  Speaker 5: Also to it in a bond market. When a bond
• 8:02
  Speaker 5: market is negative, it is usually a sign of a recession.
• 8:05
  Speaker 5: If you look at two thousand and seven. The top
• 8:07
  Speaker 5: of the market is ninety five dollars and twelve centfl
• 8:10
  Speaker 5: to eighty one dollars and forty two cent two thousand
• 8:13
  Speaker 5: and seven. Lights of the Crash. I'm looking at the
• 8:16
  Speaker 5: ticker tot if your new to bonds, a price that
• 8:19
  Speaker 5: I like is eighty eight dollars and eighty two cent
• 8:22
  Speaker 5: for that particular asset, That would be a price I.
• 8:28
  Speaker 6: Will listen to.
• 8:29
  Speaker 7: This episode is brought to you by P and C Bank.
• 8:32
  Speaker 7: A lot of people think podcasts about work are boring,
• 8:35
  Speaker 7: and sure, they definitely can be, But understanding a professionals
• 8:39
  Speaker 7: routine shows us how they achieve their success little by little,
• 8:42
  Speaker 7: day after day.
• 8:44
  Speaker 6: It's like banking with P and C Bank.
• 8:47
  Speaker 7: It might seem boring to save, plan and make calculated
• 8:49
  Speaker 7: decisions with your bank, but keeping your money boring is
• 8:52
  Speaker 7: what helps you live or more happily fulfilled life. P
• 8:56
  Speaker 7: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
• 9:01
  Speaker 7: Boring since eighteen sixty five is a service mark of
• 9:03
  Speaker 7: the PNC Financial Service Group, Inc. P and C Bank
• 9:07
  Speaker 7: National Association Member FDIC.
• 9:12
  Speaker 6: Earners. What's Up?
• 9:13
  Speaker 7: You ever walk into a small business and everything just
• 9:16
  Speaker 7: works like. The checkout is fast, the receipts are digital,
• 9:20
  Speaker 7: tipping is a breeze, and you're out the door before
• 9:23
  Speaker 7: the line even builds odds are they're using Square. We
• 9:27
  Speaker 7: love supporting businesses that run on Square because it just
• 9:29
  Speaker 7: feels seamless. Whether it's a local coffee shop, a vendor
• 9:33
  Speaker 7: at a pop up market, or even one of our
• 9:35
  Speaker 7: merch partners, Square makes it easy for them to take payments,
• 9:39
  Speaker 7: manage inventory, and run their business with confidence, all from
• 9:43
  Speaker 7: one simple system. If you're a business owner or even
• 9:46
  Speaker 7: just thinking about launching something soon, Square is hands down
• 9:50
  Speaker 7: one of the best tools out there to help you start,
• 9:52
  Speaker 7: run and grow. It's not just about payments, it's about
• 9:56
  Speaker 7: giving you time back so you can focus on.
• 9:58
  Speaker 6: What matters most ready.
• 10:00
  Speaker 7: To see how Square can transform your business, visit Square
• 10:03
  Speaker 7: dot com backslash, go backslash eyl to learn more that
• 10:08
  Speaker 7: Square dot com backslash, go backslash eyl. Don't wait, don't hesitate.
• 10:14
  Speaker 7: Let's Square handle the back end so you can keep
• 10:16
  Speaker 7: pushing your vision forward.
• 10:19
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 10:23
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 10:27
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 10:31
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 10:35
  Speaker 1: some of the heinous migrant criminals caught because of President
• 10:39
  Speaker 1: Donald J.
• 10:40
  Speaker 2: Trump's leadership. I'm Christy Noman, the.
• 10:42
  Speaker 1: United States Secretary of Homeland Security. Under President Trump, attempted
• 10:47
  Speaker 1: illegal border crossings are at the lowest levels ever recorded,
• 10:51
  Speaker 1: and over one hundred thousand illegal aliens.
• 10:53
  Speaker 2: Have been arrested.
• 10:54
  Speaker 1: If you are here illegally, your next you will be
• 10:58
  Speaker 1: fined nearly one thousand dollars, imprisoned, and deported.
• 11:02
  Speaker 2: You will never return.
• 11:04
  Speaker 1: But if you register using our CBP home app and
• 11:07
  Speaker 1: leave now, you could be allowed to return legally.
• 11:10
  Speaker 2: Do what's right. Leave now.
• 11:13
  Speaker 1: Under President Trump, America's laws, border and families will be protected.
• 11:17
  Speaker 3: Sponsored by the United States Department of Homeland Security.
• 11:20
  Speaker 5: To add it to my portfolio, and I'm going to
• 11:22
  Speaker 5: truss it again. The price, so whether it's real estate, cars,
• 11:26
  Speaker 5: multifamily businesses, the prices in which you choose to pay
• 11:30
  Speaker 5: for the asset does have a tremendous effect because like
• 11:33
  Speaker 5: if you got into bonds in twenty nineteen, let's say
• 11:36
  Speaker 5: the top at one forty three, went to one seventy
• 11:38
  Speaker 5: nine the next year, but it fell back to one
• 11:40
  Speaker 5: oh four. So if your equities, your stocks are down,
• 11:42
  Speaker 5: a your bond portfolios down, it's trouble. Only trust your
• 11:48
  Speaker 5: own judgment. And I hope that I've given you guys
• 11:50
  Speaker 5: enough resources to be able to do this assessment on
• 11:53
  Speaker 5: your own. But most traditional portfolios don't work at scale
• 11:57
  Speaker 5: for most people. Please be my dful. Only you are
• 12:01
  Speaker 5: going to care about your money intently. And I've said
• 12:05
  Speaker 5: this in twenty twenty twenty twenty one, when the market
• 12:07
  Speaker 5: was falling apart that your advisor called you, for ninety
• 12:09
  Speaker 5: five percent of people to answer was no, I.
• 12:13
  Speaker 7: Think this gives context, right, So like that explanation shot
• 12:15
  Speaker 7: just gave me what you just said. It gives context
• 12:17
  Speaker 7: because you can tell people to invest early and invest often,
• 12:20
  Speaker 7: But if there's no context around it, it doesn't you
• 12:22
  Speaker 7: don't really grasp it. And like when you explain it
• 12:24
  Speaker 7: in that term, like yo, you can be aggressive because
• 12:26
  Speaker 7: like if you do this right in the ten year span,
• 12:28
  Speaker 7: Let's say you start at twenty one and there are
• 12:30
  Speaker 7: some off years like you might have had last year,
• 12:32
  Speaker 7: but let's say in the next seven years, the appreciation
• 12:34
  Speaker 7: that you've been on your portfolio grows by like fifty
• 12:36
  Speaker 7: sixty percent, and you have average seven percent up into
• 12:40
  Speaker 7: your fifties. You're pretty well off, right, So like invest early,
• 12:44
  Speaker 7: invest often, And this is the reason why as you
• 12:46
  Speaker 7: go get a little bit older, like you said, re
• 12:47
  Speaker 7: evaluate every decade and say, all right, well now I
• 12:50
  Speaker 7: can get a little bit more conservative. Right, We've had
• 12:52
  Speaker 7: these these great gains, Let's get a little bit more
• 12:54
  Speaker 7: conservative because we're getting older.
• 12:57
  Speaker 5: Two Tech two index, no stress. Would you'd rather have
• 12:59
  Speaker 5: Lebron James or Jeremy Lynn. Jeremy Lynn went crazy for
• 13:04
  Speaker 5: that one thirty five game stretch that like, whenever a
• 13:08
  Speaker 5: company is producing returns like forty fifty percent, the drawdown
• 13:10
  Speaker 5: is usually equal. I would rather have a company that
• 13:13
  Speaker 5: gives me fifteen to twenty percent. Slow and steady. I
• 13:16
  Speaker 5: know it's boring, but it's safe. Even if you look
• 13:19
  Speaker 5: at Apple, Apple hired less in twenty twenty. Then Google
• 13:23
  Speaker 5: Meta a lot of detective competitors and as a result
• 13:27
  Speaker 5: they have to lay off less people like I want
• 13:29
  Speaker 5: slow and steady that will win the race. And we
• 13:33
  Speaker 5: saw last night in the game with mahomes like the
• 13:36
  Speaker 5: second half that came out, they adjusted and they just
• 13:38
  Speaker 5: slowly chipped away at the Eagles defense. Damn I was wrong.
• 13:42
  Speaker 5: I mean I was right on the differential one to score.
• 13:44
  Speaker 5: But you just have to slowly chip away at these
• 13:48
  Speaker 5: victories and then put in more shares. So like you
• 13:50
  Speaker 5: want to ultimately get to a place one hundred shares
• 13:53
  Speaker 5: than a thousand and ten thousand is a ultimate goal
• 13:55
  Speaker 5: that you want to have a freedom, but slow and
• 13:58
  Speaker 5: study will always win the race.
• 14:00
  Speaker 6: And shout out to Jeremy Lynn.
• 14:01
  Speaker 4: I know we said, like Jermy Lynch's actually a legend.
• 14:04
  Speaker 6: I mean because we just sat down with an entrepreneur.
• 14:06
  Speaker 4: He's elected.
• 14:07
  Speaker 6: Business was spawned because of Jeremy lyn.
• 14:09
  Speaker 4: What Jeremy Lynn did, I'd never in life ever saw
• 14:12
  Speaker 4: anything like this in history, and you couldn't have expected it.
• 14:14
  Speaker 4: He was on Time magazine cover.
• 14:16
  Speaker 3: Yes, I mean he was playing for his life.
• 14:19
  Speaker 5: That's the other part too, like when you watch the
• 14:22
  Speaker 5: doc and he's about to get waived, so to come
• 14:24
  Speaker 5: out and perform, like it's a great lesson of like
• 14:26
  Speaker 5: will you show up and perform?
• 14:29
  Speaker 6: If he was in New York City, you understand what
• 14:30
  Speaker 6: doing sanity man? That was a real thing. Shout out
• 14:33
  Speaker 6: to him.
• 14:33
  Speaker 4: Yeah, shout out to Lynn Sanity. Somebody said, what do
• 14:39
  Speaker 4: you think about fixed index annuities?
• 14:46
  Speaker 5: It depends on your age, how much capital you have
• 14:48
  Speaker 5: in it, and the rate of return you're looking for.
• 14:51
  Speaker 5: So if you're looking at it for safety, sure, absolutely,
• 14:54
  Speaker 5: Like if you're older, absolutely, And of course, like once
• 14:57
  Speaker 5: you get past like forty or at fifty, you're looking
• 15:00
  Speaker 5: for safe investments anyway, because imagine like if between twenty
• 15:04
  Speaker 5: your portfolio is bleeding down thirty forty percent, and I
• 15:06
  Speaker 5: know some people that happened to in O eight, like
• 15:08
  Speaker 5: they drew down or their portfolio dropped thirty percent as
• 15:11
  Speaker 5: they were going into retirement. You want safety as you're
• 15:15
  Speaker 5: beginning to like exit and going to retirement. You don't
• 15:18
  Speaker 5: want all of your capital being destroyed. But because of
• 15:22
  Speaker 5: the economic calamity, so please please please be mindful another
• 15:27
  Speaker 5: once again, the most important indicator in the market is
• 15:30
  Speaker 5: quantitative easy. So whenever the Fed begins to tell you
• 15:33
  Speaker 5: we're going to raise rates or recession is going to come,
• 15:36
  Speaker 5: that's when you need to start to mark off how
• 15:38
  Speaker 5: much capital you're going to need into retirement. There's always
• 15:41
  Speaker 5: signals when a recession is going to come. I always say,
• 15:45
  Speaker 5: if you turn on CNBC and everyone looks frightening, it's
• 15:48
  Speaker 5: really bad. Everyone right now looks terrified. Shout out to Frank.
• 15:52
  Speaker 5: Frank's the only one. Put a smile on the space.
• 15:54
  Speaker 5: Everyone else looks terrified. Protect yourself at all costs, And
• 16:00
  Speaker 5: I hope I've been able to help you guys somewhat.
• 16:02
  Speaker 3: I navigate this crazy market.
• 16:04
  Speaker 5: If I made your money, please put yes.
• 16:06
  Speaker 3: And check.
• 16:08
  Speaker 4: Yes. So a few things here one before we leave
• 16:17
  Speaker 4: this talking point, because this is important people to understand
• 16:20
  Speaker 4: as well. When I was advisor, I really fully understood
• 16:23
  Speaker 4: this that when you take money out, you never want
• 16:26
  Speaker 4: to withdraw from a stock account in a down year
• 16:30
  Speaker 4: because then you magnify your losses, you double your losses.
• 16:33
  Speaker 4: So it's like, if you can. This is why it's
• 16:35
  Speaker 4: important to have multiple streams of income, but also multiple
• 16:41
  Speaker 4: investment accounts. Some investment accounts are fixed, some investment accounts
• 16:45
  Speaker 4: are variable, which means is going to vary depending on
• 16:48
  Speaker 4: the market. But the worst thing that you can do
• 16:51
  Speaker 4: is take money from a stock account when the account
• 16:54
  Speaker 4: is down, because like one hundred dollars, right, if one
• 16:58
  Speaker 4: hundred dollars goes to that's a fifty percent loss. But
• 17:04
  Speaker 4: for fifty dollars to get back to one hundred, it
• 17:06
  Speaker 4: has to have one hundred percent increase. This now, this
• 17:10
  Speaker 4: is where math is actually important. So understanding understanding the
• 17:14
  Speaker 4: math on that you know that defense is better than offense. Right,
• 17:19
  Speaker 4: defense is better than offense. So if you're if you
• 17:23
  Speaker 4: go from one hundred to seventy five, well that's bad.
• 17:26
  Speaker 4: But then if you take twenty five dollars out, now
• 17:30
  Speaker 4: you're compounding your loss even more. So now you gotta
• 17:33
  Speaker 4: instead of the seventy five going back to one hundred,
• 17:36
  Speaker 4: now you got to go from fifty to one hundred.
• 17:38
  Speaker 4: So you're making it extremely harder on your on your
• 17:40
  Speaker 4: portfolio when you take money out during a down market.
• 17:44
  Speaker 4: This is extremely important to keep in mind, especially for
• 17:46
  Speaker 4: people that are in retirement. But if you don't have
• 17:49
  Speaker 4: any other options to take money from, you, you have
• 17:52
  Speaker 4: no choice but to take it from your retirement account
• 17:55
  Speaker 4: when it's down. So that's important to keep a mind.
• 17:59
  Speaker 7: And we saw that in real life right with people
• 18:01
  Speaker 7: invested in Tesla. Last year it was at three sixty,
• 18:03
  Speaker 7: it dropped down to one twelve. Yeah, it got up
• 18:06
  Speaker 7: to one hundred percent, but you're not. You haven't recovered
• 18:08
  Speaker 7: from the losses that you had from the decline. And
• 18:11
  Speaker 7: so this is this is this is why you gotta
• 18:13
  Speaker 7: Ian said when you buy is vitally important, and so
• 18:17
  Speaker 7: it's good to understand that and again give contacts right
• 18:20
  Speaker 7: that the percentages on the way up are great, but
• 18:24
  Speaker 7: the ones on the way down you have to account for.
• 18:26
  Speaker 2: Yeah, you do.
• 18:29
  Speaker 4: My graduates from my school being forced back drop b
• 18:34
  Speaker 4: drop Mike drop back drop drop.
• 18:48
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 18:51
  Speaker 1: in Massachusetts. An MS thirteen gang member from l Salvador
• 18:56
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 19:00
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 19:04
  Speaker 1: some of the heinous migrant criminals caught because of President
• 19:08
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 19:11
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 19:16
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 19:20
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 19:23
  Speaker 1: are here illegally, your next you will be fined nearly
• 19:27
  Speaker 1: one thousand dollars a day.
• 19:28
  Speaker 2: Imprisoned and deported, you will never return. But if you.
• 19:32
  Speaker 1: Register using our CBP home app and leave now, you
• 19:36
  Speaker 1: could be allowed to return legally.
• 19:38
  Speaker 2: Do what's right. Leave now.
• 19:41
  Speaker 1: Under President Trump America's laws, border and families will be protected.
• 19:46
  Speaker 3: Sponsored by the United States Department of Homeland Security,