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Cliff Notes: ADVICE FOR THIS BEAR MARKET · Earn Your Leisure

• 0:00
  Speaker 1: Coach, the energy out there felt different. What changed for
• 0:03
  Speaker 1: the team today?
• 0:03
  Speaker 2: It was the new game day scratches from the California
• 0:06
  Speaker 2: Lottery players. Everything. Those games sent the team's energy through
• 0:09
  Speaker 2: the roof.
• 0:09
  Speaker 1: Are you saying it was the off field play that
• 0:11
  Speaker 1: made the difference on the field.
• 0:13
  Speaker 2: Hey, little play makes your day, and today it made
• 0:15
  Speaker 2: the game.
• 0:16
  Speaker 1: That's all for now, coach, one more question play than
• 0:19
  Speaker 1: New Los Angeles Chargers, San Francisco forty nine ers and
• 0:22
  Speaker 1: Los Angeles ram scratchers from the California Lottery. A little
• 0:25
  Speaker 1: play can make your day. Peace made responsibly. Must be
• 0:28
  Speaker 1: eighteen years or older to purchase late or claim Oh shy.
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  Speaker 2: What advice would you give for clients if you were
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  Speaker 2: to consult them with this market? The current condition of
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  Speaker 2: this market? Obviously we see interest rates going up, we
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  Speaker 2: see inflation. What type of advice If somebody's coming in,
• 0:42
  Speaker 2: sitting at that chair, they need advice in their financial life,
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  Speaker 2: what are you telling them?
• 0:47
  Speaker 3: Appreciate that?
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  Speaker 2: No problem?
• 0:49
  Speaker 3: I would say this, you know, being on Financial Viz,
• 0:52
  Speaker 3: I was in the game for twelve years and it
• 0:56
  Speaker 3: was crazy because I actually started in two thousand and eight.
• 0:58
  Speaker 3: I started at the beginning of the worst recession since
• 1:02
  Speaker 3: the Great Depression, and that's how it started, and I
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  Speaker 3: got to like experience that, like that was my entry
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  Speaker 3: into the world of finance. So history always repeats itself
• 1:15
  Speaker 3: over the course of time. I don't think it's gonna
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  Speaker 3: be as bad as that situation because there was a
• 1:20
  Speaker 3: lot of factors that go into play. But one thing
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  Speaker 3: that probably won't be on the good side like they
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  Speaker 3: did last time in that situation or in the Corona,
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  Speaker 3: is I don't think they're gonna pump as much money
• 1:30
  Speaker 3: into the marketplace, so it might be a little bit
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  Speaker 3: more prolonged. Bear markets usually last eight years, I mean
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  Speaker 3: eight months, so you know, it might be shoppy for
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  Speaker 3: a while and painful for a while. And another thing
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  Speaker 3: that when you study history is that you realize that
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  Speaker 3: during bull market runs, the stocks and the classes that
• 1:52
  Speaker 3: go up the most go down the most in the
• 1:56
  Speaker 3: next bear market. So that's why I was always saying that,
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  Speaker 3: you know, I felt like was over overinflated. I felt
• 2:02
  Speaker 3: a lot of those tech companies was just you know,
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  Speaker 3: running up too much, and now tech is down the most.
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  Speaker 3: It's no, it's following what history usually predicts. So I
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  Speaker 3: would sell people to be patient to understand it's not
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  Speaker 3: going to be something in my opinion, that you're just
• 2:18
  Speaker 3: going to catch the bottom tomorrow and then it's just
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  Speaker 3: going to be like, you know, all good again next week,
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  Speaker 3: Like you know, just be patient. It might take a
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  Speaker 3: while for this to actually settle before we actually see
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  Speaker 3: some sunny days, like long term sunny days. It might
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  Speaker 3: be a couple here and there. Put your money in
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  Speaker 3: positions that you think have good long term you know, appreciation.
• 2:41
  Speaker 3: We talk about that all the time, all of the
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  Speaker 3: stocks that we talk about, all the ETFs that we
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  Speaker 3: talk about, costs, Michael, Microsoft, Apple, the S and P
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  Speaker 3: five hundred XLK xl Y, you know, things of that nature.
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  Speaker 3: Google Amazon, especially after the split. But also you have
• 3:04
  Speaker 3: to have a strategy in place. So like for me personally,
• 3:08
  Speaker 3: about a month and a half ago, I told Troy
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  Speaker 3: he didn't agree with what I did at the time.
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  Speaker 3: But almost two months ago, I sold around eighty percent
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  Speaker 3: of of my options, my long term options. I saw
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  Speaker 3: how it was going, and you have to ask yourself,
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  Speaker 3: would I rather Would I rather take one hundred eighty
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  Speaker 3: percent profit or run the risk of losing everything. He's
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  Speaker 3: a decision for me to make exited my my positions.
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  Speaker 3: I didn't exit all of them. I probably should have
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  Speaker 3: exited all of them, to be completely honest with you're
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  Speaker 3: looking at looking back qq Q. But that's a December
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  Speaker 3: twenty twenty three call. I'm in Apple, I'm in an
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  Speaker 3: Apple call, and I'm in a XY call still, but
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  Speaker 3: I sold I sold SMH, I sold AMD, I sold Apple,
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  Speaker 3: I sold Microsoft, and I sold XY. But there was
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  Speaker 3: January twenty twenty three calls too, So you run the
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  Speaker 3: risk of, you know, I have no doubt that all
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  Speaker 3: of those companies are gonna you know, flourish, but you
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  Speaker 3: kind of run the risk that January will be here
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  Speaker 3: before you know it. So you got to kind of
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  Speaker 3: make calculate decisions. But well I will do is wait
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  Speaker 3: for this this thing to really, you know, see how
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  Speaker 3: bad it's going to get. Of course, making long term
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  Speaker 3: most of the money is going to go long term.
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  Speaker 3: But I'm gonna put some some money in some options
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  Speaker 3: on like a slingshot situation from a see twenty four
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  Speaker 3: as far as far out as I can go, as
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  Speaker 3: far out as I can go, depending on how long
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  Speaker 3: this situation lasts. But to answer your question, Ian, I
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  Speaker 3: don't really like to do options on individual stocks too
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  Speaker 3: much unless it's like an Apple Microsoft. I will be
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  Speaker 3: tempted on Google if if they continue to fall, and
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  Speaker 3: maybe Amazon, especially after the split. We have to see
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  Speaker 3: how that situation plays out. But I mean it definitely
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  Speaker 3: like an XL Y or like an XLK. I look
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  Speaker 3: at like the ETF that I'm already invested in and
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  Speaker 3: see which one has the deepest pullback, and yeah, I'll
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  Speaker 3: probably I'll probably put some money into that.
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  Speaker 4: Yeah, if you if you do XL Y, so you're
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  Speaker 4: a lot broke, what what like way take gets to
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  Speaker 4: like one twenty two, like one fifteen. As far as Google,
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  Speaker 4: we have to just for the split. But if it
• 5:38
  Speaker 4: this sounds to like eighteen hundred, woll fire.
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  Speaker 3: Load the boat.
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  Speaker 2: Yeah.
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  Speaker 3: So yeah, it's opportunities. It's always opportunities in every crisis.
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  Speaker 3: But a this is why it's always good to have
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  Speaker 3: money on the sideline. You know, the dollar is actually
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  Speaker 3: stronger and our relative to other currencies over the world.
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  Speaker 3: That's a good thing, even though inflation is sky high.
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  Speaker 3: But you know, it's nothing wrong with shitting money on
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  Speaker 3: the sidelines and just being patient and just waiting because
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  Speaker 3: there's always opportunities, but you run the risk of losing
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  Speaker 3: a lot of money when you try to buy the
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  Speaker 3: dip and it keeps dipping.
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  Speaker 2: When I dip? You did we dip?
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  Speaker 3: Yeah?
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  Speaker 2: Yeah?
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  Speaker 4: And can we be honest about the dip? Is not
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  Speaker 4: the strategy. It is a localism to tell people when
• 6:29
  Speaker 4: you don't want to give a real answer on word
• 6:31
  Speaker 4: to the best. Yeah, that's all you're like going, Hey,
• 6:36
  Speaker 4: what's the key to success?
• 6:36
  Speaker 2: Brother? Just work hard, keep man, God gonna make away? Yeah,
• 6:39
  Speaker 2: God go make away. I need to plan though, keep
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  Speaker 4: And discern when people are just b asking you or
• 9:40
  Speaker 4: don't want to upset you because they're like, no, I'm
• 9:42
  Speaker 4: not gonna give you the answer.
• 9:44
  Speaker 2: Every artist that you ever heard a what's the key
• 9:46
  Speaker 2: to success? Man? Just record you know, network somebody you
• 9:51
  Speaker 2: hear you. If you're an Idaho, probably not broh oh.
• 9:56
  Speaker 2: You need a full plan, shout out the fire plan.
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  Speaker 3: And cash is not necessarily trash. It's only trash when
• 10:04
  Speaker 3: you have no strategy. But cash can be extremely effective
• 10:09
  Speaker 3: when you have a strategy in place. Put money on
• 10:12
  Speaker 3: the side lines and then you wait to deploy it.
• 10:16
  Speaker 3: You don't have to rush. You don't have to rush
• 10:18
  Speaker 3: into an investment. And to be completely honest with you
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  Speaker 3: about it, if you're playing in this individual stock game,
• 10:25
  Speaker 3: a lot of people just talk about individual stocks because
• 10:27
  Speaker 3: they just want to entertain you because there's not really
• 10:30
  Speaker 3: that many good stocks to invest in, and a lot
• 10:33
  Speaker 3: of these individual stocks are extremely risky. You don't really
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  Speaker 3: see ETF, a good ETF or a good index from
• 10:39
  Speaker 3: pulling back like seventy percent, you know, like you see
• 10:43
  Speaker 3: a lot of stocks pull back seventy eight percent. So
• 10:48
  Speaker 3: I'm gonna be honest with you. We could talk about
• 10:50
  Speaker 3: like these individual stocks the stock of the week, and
• 10:53
  Speaker 3: this stock and this stock that's different.
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  Speaker 2: Media.
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  Speaker 4: That's how y'all blew up your account. I'm okay, let
• 10:58
  Speaker 4: me get back SA put yes and check. Would you
• 11:04
  Speaker 4: have lost less money if you would have just invested
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  Speaker 4: in voll VTI, Apple and Microsoft. It almost would take
• 11:13
  Speaker 4: the act of God. The probability of Apple and Microsoft
• 11:18
  Speaker 4: falling at the same time, you have a greater likelihood.
• 11:22
  Speaker 2: And I'm in Los Angeles now, you.
• 11:24
  Speaker 4: Have a greater probability of California falling off into the ocean. Mathematically,
• 11:28
  Speaker 4: then Apple and Microsoft falling seventy percent at the same time.
• 11:33
  Speaker 2: Hope is not a strategy. What is the math? And
• 11:37
  Speaker 2: if if Apple and Microsoft falls before twenty twenty seven,
• 11:43
  Speaker 2: that's when you will start to see.
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  Speaker 4: If Tim Cook retires and you start to get some
• 11:49
  Speaker 4: head ones about China takeing TSM, that's over for America.
• 11:52
  Speaker 4: I'm just gonna be real with you. Tim Cook is
• 11:55
  Speaker 4: a lynch pin than's saving America right now. If he retires,
• 11:59
  Speaker 4: I'm come right on, I don't care. Saturday night, I
• 12:01
  Speaker 4: was over with let it all go straight.
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  Speaker 2: Cash. Cash is better than negative seventy percent.
• 12:10
  Speaker 3: That is a fact. That is one hundred factual. And
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  Speaker 3: that's why I say stop listening to everybody telling you
• 12:16
  Speaker 3: don't keep cash. Nah, you gotta have some a You
• 12:19
  Speaker 3: got to have cash as a savings account for an
• 12:23
  Speaker 3: emergency fund. But even bigger than that. Like you said,
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  Speaker 3: the only thing I'm nervous about my portfolio is options.
• 12:31
  Speaker 3: My long term is not really not really nervous about
• 12:33
  Speaker 3: long term smooth because eventually it's going to come back.
• 12:37
  Speaker 3: But a lot of people had one hundred percent of
• 12:39
  Speaker 3: their portfolio on options. That's dangerous.
• 12:43
  Speaker 4: You never want to put all your eggs in one
• 12:46
  Speaker 4: basket unless you like gambling and you want.
• 12:50
  Speaker 2: A heart attack.
• 12:52
  Speaker 4: That's how I keep telling you to tech and if
• 12:55
  Speaker 4: I can, A lot of people chase that high of
• 13:00
  Speaker 4: those wins. I mean, my guy, I was talking about
• 13:02
  Speaker 4: it earlier. When you guys like I want to be
• 13:04
  Speaker 4: an entrepreneur, I'm.
• 13:05
  Speaker 2: Like, no, you don't.
• 13:08
  Speaker 4: You're like, why you be so aggy? Sixteen hours a
• 13:11
  Speaker 4: day to do it? Trust me, four years, right, So
• 13:17
  Speaker 4: you may not have success in your business for six years.
• 13:19
  Speaker 4: Imagine working six days a week for six years and
• 13:22
  Speaker 4: everyone's telling you crazy and it doesn't work and you're
• 13:24
  Speaker 4: not making money. A lot of people wanted those how
• 13:27
  Speaker 4: flying wins, from futures options to rivetals because they didn't
• 13:30
  Speaker 4: want the sacrifice of putting it in the business and work.
• 13:33
  Speaker 4: Whatever endeavor you are a part of, you're going to
• 13:36
  Speaker 4: have to learn a master that you're gonna get your
• 13:37
  Speaker 4: ass kicked anyway. Safety is key, and if you right now,
• 13:42
  Speaker 4: some of you, if you would have just invested, even
• 13:45
  Speaker 4: on the option side, just an Apple and Microsoft, you'd
• 13:48
  Speaker 4: be up. You would have had family and friends who
• 13:49
  Speaker 4: would end up giving you too three hundred four hundred,
• 13:51
  Speaker 4: five hundred thousand.
• 13:53
  Speaker 2: So a lot of people quiet now, and.
• 13:54
  Speaker 4: I get it, but use this these losses' motivation to
• 13:58
  Speaker 4: never make these mistakes again and study your ass off.
• 14:01
  Speaker 2: But literally, there isn't one company that is available to
• 14:06
  Speaker 2: the public or that is known that can give twenty
• 14:09
  Speaker 2: percent return per year for ten years, trillion dollar opportunity.
• 14:14
  Speaker 4: All this technology everybody know our side, Sylcastics and fives
• 14:18
  Speaker 4: and all that shit can't produce twenty percent. Most business
• 14:22
  Speaker 4: owners like, are you crazy. It's a bad year for
• 14:25
  Speaker 4: a normal business.
• 14:27
  Speaker 2: It's important lesson too, like you said, so, like we
• 14:30
  Speaker 2: I spoke about this Saturday, and it was like the
• 14:31
  Speaker 2: biggest lesson is that I have to see the losses early, right,
• 14:34
  Speaker 2: so I know not to make the mistakes. And so
• 14:36
  Speaker 2: some people are in that space right now, like they
• 14:38
  Speaker 2: started investing. Like we said that influx of investors, especially
• 14:41
  Speaker 2: African Americans that came into space in twenty twenty and
• 14:44
  Speaker 2: twenty twenty one. This is their time. But that cash
• 14:47
  Speaker 2: on the side is so vialdly important because the other
• 14:50
  Speaker 2: part of hey having those losses early is also saying, man,
• 14:54
  Speaker 2: if I have more capital to deploy when the market
• 14:57
  Speaker 2: was down, I'd be so much further ahead. And so
• 15:00
  Speaker 2: it's cool to say like, yeah, I have money on
• 15:02
  Speaker 2: the side, but actually having that plan and having the
• 15:06
  Speaker 2: actual companies that you want to invest in and saying,
• 15:08
  Speaker 2: all right, now I have the capital of deploy because
• 15:10
  Speaker 2: it's nothing like when you have like one thousand dollars
• 15:13
  Speaker 2: to invest in a company, right, and you say it
• 15:15
  Speaker 2: old time men. When you invest the little, the least amount,
• 15:19
  Speaker 2: that stock always shoots up to a fifty two weeks
• 15:22
  Speaker 2: high all time high. Right. And then when you finally
• 15:25
  Speaker 2: get the capitol and you put ten thousand in right here,
• 15:28
  Speaker 2: we go twenty percent pullback. So it's part of it.
• 15:32
  Speaker 3: It's going to get worse before it gets better. My
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