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Study Hall: Stock Investing 101 with Quentin Martin · Earn Your Leisure

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  Speaker 2: All right, guys, So a lot of people asks us
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  Speaker 3: Let's do it.
• 1:54
  Speaker 2: My graduates from my school being force backdrop drop drop
• 2:01
  Speaker 2: b drop. This is how I kind of explain stocks
• 2:14
  Speaker 2: when I teach it to my students that it's kind
• 2:18
  Speaker 2: of like a giant pizza pie, right, with like a
• 2:21
  Speaker 2: million different slices, and then each slice represents a share
• 2:25
  Speaker 2: of a company, right. And then if you buy one
• 2:27
  Speaker 2: slice of Nike, now you're part owner of Nike.
• 2:31
  Speaker 4: Right.
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  Speaker 2: And then obviously the more slices that you buy in
• 2:34
  Speaker 2: the pie, you have a larger ownership of that pie.
• 2:37
  Speaker 4: Right.
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  Speaker 2: But all publicly traded companies that's on you know, the
• 2:41
  Speaker 2: stock market, anybody can become an owner, and by buying ownership,
• 2:45
  Speaker 2: whether it's in Snapchat or Facebook or Google, now you're
• 2:49
  Speaker 2: a part owner of that company. And if the company
• 2:51
  Speaker 2: does well, then the stock price goes up. If it
• 2:53
  Speaker 2: doesn't do well, stock price goes down. And that's kind
• 2:55
  Speaker 2: of like a real easy way to understand it. But
• 2:59
  Speaker 2: that's kind of my take on it.
• 3:00
  Speaker 5: I think that's like the baseline and premise of it. Like, right,
• 3:02
  Speaker 5: like we want to own shares, like we know what
• 3:05
  Speaker 5: shares are, then we want to delve into Okay.
• 3:08
  Speaker 4: What are we owning? Why are we owning? Right?
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  Speaker 5: We got the have right we can go to different places,
• 3:15
  Speaker 5: be it e trade and share, a builder and schwab.
• 3:19
  Speaker 2: And can we just talk about that because a lot
• 3:22
  Speaker 2: of people might not know. I'm glad you brought that
• 3:25
  Speaker 2: up because I get that course to sometlfs too, like
• 3:26
  Speaker 2: how do you buy stock? So it's relatively easy to
• 3:29
  Speaker 2: do now, right, Like they have apps like Robinhood, like
• 3:32
  Speaker 2: you said, scot Trade.
• 3:34
  Speaker 3: E Trade stuff like that.
• 3:35
  Speaker 2: We you can just go online and create a user name,
• 3:38
  Speaker 2: password and you know, the link it to your bank
• 3:40
  Speaker 2: account and you can just buy stock. That part is
• 3:43
  Speaker 2: relatively easy to do. But the next part is what
• 3:46
  Speaker 2: people stumble because the thing that I think people have
• 3:48
  Speaker 2: problems stock is that, Okay, they know how to do it.
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  Speaker 3: But with Stocked, I buy, right, it's kind of like
• 3:54
  Speaker 3: just throwing darts at the board blind.
• 3:55
  Speaker 2: So what you end up just randomly picking Netflix hoping
• 3:58
  Speaker 2: it goes up. Right, you have something interested in, you
• 4:01
  Speaker 2: said to us as far as like when looking at stock,
• 4:04
  Speaker 2: it's good to mo like what you're interested in?
• 4:07
  Speaker 3: Can you just talk about that?
• 4:08
  Speaker 5: I think the biggest thing for me to help me
• 4:10
  Speaker 5: learn was picking areas of interest because the knowledge sticks.
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  Speaker 4: Right. We all had classes in school.
• 4:16
  Speaker 5: That we didn't like, Like, we didn't like I didn't
• 4:18
  Speaker 5: like earth science and related like, it didn't stick even
• 4:21
  Speaker 5: though like you know, you passed a class, get a
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  Speaker 5: B or whatever, you ain't get in the class, right,
• 4:25
  Speaker 5: but the information didn't stick with me because it wasn't
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  Speaker 5: an interesting topic.
• 4:29
  Speaker 4: And you, yeah, you kind of want to.
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  Speaker 5: Get through it in this forum, right, I want to
• 4:33
  Speaker 5: pick something that I'm interested in because when I read it,
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  Speaker 5: I'm going to retain it.
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  Speaker 4: I'm gonna hold on to it, I'm gonna build on
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  Speaker 4: top of it.
• 4:39
  Speaker 5: So you're kind of an architect, right, I say my
• 4:42
  Speaker 5: model for myself every day is that I'm the architect
• 4:45
  Speaker 5: of my legacy, right, and every day I'm putting a
• 4:47
  Speaker 5: brick down from my legacy because you don't get to
• 4:51
  Speaker 5: tell people to say we're not here. So the same
• 4:53
  Speaker 5: thing goes forward every other place of life, where it's like,
• 4:56
  Speaker 5: all right, I'm the architect of my portfolio, I'm the
• 4:58
  Speaker 5: architect of my knowledge base. I'm the architect of whatever
• 5:01
  Speaker 5: is I'm doing. I'm building and it's never going to
• 5:04
  Speaker 5: be finished. Right, It's like a skyscraper. You're just going
• 5:06
  Speaker 5: to keep on building. On top of building, your interest
• 5:09
  Speaker 5: is what's going to lead you to adding more bricks,
• 5:11
  Speaker 5: Because if you're interested in tech, well, somehow you'll probably
• 5:14
  Speaker 5: end up in media, right, And if you're interested in that,
• 5:17
  Speaker 5: you might end up in telecom and all so on
• 5:20
  Speaker 5: and so forth right, And all of a sudden you
• 5:22
  Speaker 5: have this wide knowledge base because you started here, but
• 5:26
  Speaker 5: your interests help you build more bricks to kind of
• 5:28
  Speaker 5: build your mental skyscraper, if that makes sense. So I
• 5:31
  Speaker 5: always said start there because you want to own the
• 5:34
  Speaker 5: sexy stuff, right, Facebook, Amazon, Netflix, Google. You want the
• 5:38
  Speaker 5: sexy Thing'll go to your friends and say, hey, yeah,
• 5:41
  Speaker 5: you know, I own Facebook, own ample, right, and sexy
• 5:44
  Speaker 5: everybody wants to own that. But the most important thing
• 5:48
  Speaker 5: is starting off with interest so that you can build
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  Speaker 5: a knowledge base and you can start to build your
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  Speaker 5: own mental skyscraper that's going to hopefully take you places
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  Speaker 5: financial and mentally where you're growing in both spaces.
• 6:03
  Speaker 2: So that's like like Warren Buffett like his approaches. He
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  Speaker 2: he invests in companies that he understands. Yes, right, So
• 6:09
  Speaker 2: I always tell kids, like once again in the class,
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  Speaker 2: like Okay, what do you have on your feet? Everybody
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  Speaker 2: that has Nike Adidas, right, So it's like, Okay, you
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  Speaker 2: understand the brand because you spend all your money on it, right,
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  Speaker 2: So it's not like it's not foreign to you. Like
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  Speaker 2: you don't have to be a rocket scientist to figure out, Okay,
• 6:25
  Speaker 2: Kanye just did a deal with a Didas, or Beyonce
• 6:28
  Speaker 2: just did a deal with a Didas. Didas is hot
• 6:30
  Speaker 2: right now? Or Nike lebron signed he got the shortage
• 6:34
  Speaker 2: coming out. So these are things that we understand and
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  Speaker 2: we don't have to be a stock market analyst to
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  Speaker 2: know that I'm already investing money in these companies by
• 6:43
  Speaker 2: buying why not in the actual company.
• 6:45
  Speaker 6: In the sense you're you're making the trending, right, So
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  Speaker 6: there's a reason why that company went up, whether it
• 6:50
  Speaker 6: be like the iPhone, right, he'll raise Apple sotoc or
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  Speaker 6: if Nike's putting on a new product or Dida's put out.
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  Speaker 4: On their product.
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  Speaker 6: We are the trend nakers, you know what I mean. So,
• 6:57
  Speaker 6: like that was one of that's one of the key
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  Speaker 6: things we say. So after we tell them, hey, this
• 7:01
  Speaker 6: is what a share is, the next thing is like
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  Speaker 6: invest in put money in what you already are invested in.
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  Speaker 4: So if it's Horizon as your phone.
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  Speaker 6: Company, then maybe you should have stock in that, or
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  Speaker 6: if it's Sprint or whoever it is, right, invest in yourself.
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  Speaker 5: Yeah, And that's the biggest thing, right, Like we want
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  Speaker 5: to understand what we invest in. Like, no one likes
• 7:18
  Speaker 5: an investment where you kind of don't understand what's going on,
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  Speaker 5: and it's kind of like gambling. Now it's not an investment.
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  Speaker 5: Now you're just gambling. And for all that you can
• 7:26
  Speaker 5: go put their money on black and a see hope
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  Speaker 5: for the best. But we look at these companies. It's
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  Speaker 5: very key to understand why a company goes up or
• 7:37
  Speaker 5: why a company goes down. The stock market is very
• 7:40
  Speaker 5: similar to fashion. Right, I'm willing to pay the extra
• 7:43
  Speaker 5: twenty dollars for Nike as opposed to undom or why
• 7:45
  Speaker 5: because it's Nike is a little bit cooler, right, and
• 7:48
  Speaker 5: that's the thing you're paying for. I call it social equity.
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  Speaker 5: What I have on and when I'm dressed in Nike
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  Speaker 5: adeeda is I have the Gucci I have on product?
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  Speaker 5: There's a reason why those items are priced in those spaces.
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  Speaker 5: They know people are buying, right, and we all know
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  Speaker 5: it's the same factory that makes them, and it is
• 8:05
  Speaker 5: put a tag going on. But you're willing to spend
• 8:06
  Speaker 5: one hundred dollars more for this tag, right than the
• 8:10
  Speaker 5: other tag because you want the social equity of somebody saying, Okay,
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  Speaker 5: it looks good. Okay, I see him, and that's what
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  Speaker 5: you're buying. So you have to also know why this
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  Speaker 5: company's going up, why it's going down.
• 8:21
  Speaker 4: And that goes back to interest, right, it's what equity
• 8:24
  Speaker 4: I need to now.
• 8:25
  Speaker 2: Read you said that you have to learn how to
• 8:27
  Speaker 2: read and know the interest. Okay, you're interested in one thing,
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  Speaker 2: but now how do you actually examine to see if
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  Speaker 2: this is actually worth.
• 8:34
  Speaker 3: Buying or not?
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  Speaker 4: Right?
• 8:35
  Speaker 3: So you can read, but like what do you read?
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  Speaker 3: Like what's good?
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  Speaker 2: How do you know if something is actually worth buying
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  Speaker 2: or not? Social equity so.
• 8:43
  Speaker 5: Social it's kind of a term I coined myself because
• 8:47
  Speaker 5: I always look shopping.
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  Speaker 4: Yeah, that's not sure? Is it something I look at
• 8:53
  Speaker 4: go shopping or just in life? Right?
• 8:55
  Speaker 5: What kind of car you drive? And what kind of
• 8:57
  Speaker 5: house do you live in? What town do you live in?
• 8:59
  Speaker 5: What do you have in your house? People are very
• 9:01
  Speaker 5: much into the social aspect, right, like social media. You
• 9:04
  Speaker 5: don't even really see the highlights. So it's like ESPN
• 9:07
  Speaker 5: Top ten over again. Right, No one ever sks the
• 9:12
  Speaker 5: grind and the failure and the ups and the downs
• 9:14
  Speaker 5: and the ebbs and the flows. Right, we just see
• 9:17
  Speaker 5: somebody pop up and they have all this stuff. How'd
• 9:20
  Speaker 5: you get it?
• 9:21
  Speaker 4: Right?
• 9:21
  Speaker 5: But we don't care what the social equity says. I
• 9:24
  Speaker 5: want that now, But you don't understand what that person
• 9:26
  Speaker 5: went through to get or how they got or they
• 9:28
  Speaker 5: could be lying whatever. It is the ideas that people
• 9:31
  Speaker 5: want to feel accepted. No one ever wants to be
• 9:35
  Speaker 5: the dumbest person in the room. People are okay with
• 9:38
  Speaker 5: being the second dumbest person in the room because they said,
• 9:40
  Speaker 5: well you dumber, so you know what, Okay, with him
• 9:42
  Speaker 5: being dumb. I'm not the numbest person in the room, right,
• 9:44
  Speaker 5: but no one ever thinks past that. And so the
• 9:47
  Speaker 5: idea is to get people to critically think because a
• 9:50
  Speaker 5: lot of things that we do habitually on their day basis,
• 9:53
  Speaker 5: these are our habits, right. We don't ask any questions.
• 9:55
  Speaker 5: Your mom says, when you grow up, brush teeth in
• 9:58
  Speaker 5: the morning, why not the afternoon. We were never not
• 10:01
  Speaker 5: programming the question things for a program, just to accept
• 10:03
  Speaker 5: them the way they are. That's not that that stock
• 10:05
  Speaker 5: market works. A stock could be a goodbye and could
• 10:08
  Speaker 5: be going down right for other reasons that have nothing
• 10:11
  Speaker 5: to do with why you think it.
• 10:14
  Speaker 4: Should go down or why I think it should go down.
• 10:16
  Speaker 2: So that's the part that I'm getting at. So what
• 10:20
  Speaker 2: could make it? You know, port range? What can make
• 10:22
  Speaker 2: a stock go up? What can make a stock go down?
• 10:24
  Speaker 2: Other than what's obvious to the naked.
• 10:27
  Speaker 4: Eye, right, something like that.
• 10:29
  Speaker 5: No, it's just perception, Like think about the market, right,
• 10:32
  Speaker 5: This all for GAZI Right, So as a CEO will
• 10:35
  Speaker 5: get certain bonuses if a stock has certain peaks, right
• 10:39
  Speaker 5: this Okay, you're the CEO of ABC company and they'll
• 10:42
  Speaker 5: say you listen if you can get the shares up
• 10:45
  Speaker 5: to thirty dollars a share and hold it around this
• 10:48
  Speaker 5: range for four months, we'll give you ten million dollars
• 10:51
  Speaker 5: and then so on and so forth with getting the
• 10:53
  Speaker 5: share price up. But it's all kind of like a figazi,
• 10:56
  Speaker 5: why is it that price?
• 10:57
  Speaker 4: Why is up? WHI is it down? Right?
• 10:59
  Speaker 5: Forgets supply and demanding volume. A lot of it's just
• 11:02
  Speaker 5: perception of the market. It's what the market perceives, what
• 11:05
  Speaker 5: big money perceives, what somebody thinks right, we get information. Now,
• 11:10
  Speaker 5: if you own three shares at Apple and you like
• 11:13
  Speaker 5: their third quarter earnings call, he owns one hundred million
• 11:17
  Speaker 5: dollars Apple and he hates it. Who has more effect
• 11:19
  Speaker 5: on how the stock goes? He does because he has
• 11:23
  Speaker 5: more equity in the stock, so he has more say
• 11:25
  Speaker 5: so in terms of how it moves. Even though you
• 11:28
  Speaker 5: might be right with your three shares, he might be
• 11:29
  Speaker 5: wrong in his perception.
• 11:31
  Speaker 4: Right. So all this stuff is perception based.
• 11:33
  Speaker 5: And that's why the sweat equity of actually reading and
• 11:36
  Speaker 5: engulfing yourself in the subject matter of interest is going
• 11:40
  Speaker 5: to help you understand the company. And if you understand Apple,
• 11:45
  Speaker 5: it's going to be easy to understand Google. It's going
• 11:47
  Speaker 5: to be easier to understand Amazon, It's going to be
• 11:49
  Speaker 5: easier to understand any other kind of tech brand because
• 11:53
  Speaker 5: the model of how they distribute their products, their ideas,
• 11:56
  Speaker 5: and their messages. They're not like the same saying, but
• 11:59
  Speaker 5: they're similar similar, and it's going to help you pick
• 12:02
  Speaker 5: up on ideas. Facebook used and tactic called a little bighorn, right,
• 12:07
  Speaker 5: And they went into Texas. They went to the University
• 12:10
  Speaker 5: of Texas and said, hey, we want to give y'alls Facebook.
• 12:14
  Speaker 5: The University of Texas said, now, we're University of Texas.
• 12:17
  Speaker 4: We're good.
• 12:18
  Speaker 5: So they went to Texas A and M Texas State.
• 12:23
  Speaker 5: I smu every school in Texas around and gave them Facebook,
• 12:26
  Speaker 5: to the point where students at Texas said, Yo, why
• 12:28
  Speaker 5: we have Facebook? And the Texas was forced to do
• 12:31
  Speaker 5: business with Facebook. That happens in business all the time, right,
• 12:34
  Speaker 5: It's something we don't pay attention to. But these triggers
• 12:37
  Speaker 5: and levers that happened. You'll start to notice as you read.
• 12:40
  Speaker 5: And I said, you build the brick, right, you're building.
• 12:42
  Speaker 5: When you get to the second floor, you go, I
• 12:44
  Speaker 5: get that. Now I can now read the tea leaves.
• 12:46
  Speaker 5: I've seen this coming, right, I see what possibly can happen.
• 12:49
  Speaker 5: I don't know what's going to happen, but I can
• 12:52
  Speaker 5: have an idea based on how well I know it.
• 12:55
  Speaker 5: You play ball, If I come down, I go in
• 12:57
  Speaker 5: and out. I'm either going to cross or I'm going
• 12:59
  Speaker 5: to go straight. So as a defender, you know what
• 13:01
  Speaker 5: I'm going to do, or have an idea so you
• 13:03
  Speaker 5: can react.
• 13:03
  Speaker 4: A little faster. Right, it's the same thing that we
• 13:06
  Speaker 4: use every day.
• 13:07
  Speaker 6: I'm going to go backward just a little bit because
• 13:09
  Speaker 6: you said reading and that's important. On the last episode,
• 13:11
  Speaker 6: on episode fourteen, we talked about the importance of reading
• 13:14
  Speaker 6: and a lot of times we get discounted because we're
• 13:16
  Speaker 6: not reading The Catcher and a Rye. Right, what publications
• 13:20
  Speaker 6: should we be reading if we're trying to invest in
• 13:22
  Speaker 6: the South market?
• 13:23
  Speaker 5: I think the Wall Street Journal is good to read.
• 13:26
  Speaker 5: Barns is a little bit of advanced, but Barons is
• 13:28
  Speaker 5: a good place to start to read. I think Financial
• 13:32
  Speaker 5: Time is a good place to read. I think the Economists,
• 13:35
  Speaker 5: even though it's not solely financed dock base, it gives
• 13:39
  Speaker 5: you a premise of outside the scope of how we
• 13:43
  Speaker 5: think because We think domestically, right, we think about what
• 13:45
  Speaker 5: affects America and when you're dealing with stocks and companies,
• 13:48
  Speaker 5: these are global companies, right, So how does Europe affect
• 13:51
  Speaker 5: this company?
• 13:52
  Speaker 4: How does China affect this company? How does India affect
• 13:54
  Speaker 4: this company? We don't think like that.
• 13:56
  Speaker 5: We think, Okay, well you have a Horizon service, so
• 13:59
  Speaker 5: you figure I'm gonna invest my money in Verizon, right,
• 14:02
  Speaker 5: because but Verizon's a global brand. So what's going on
• 14:06
  Speaker 5: in Australia? What's going on here? We look at the
• 14:09
  Speaker 5: country like India. They have a billion people, right, how
• 14:14
  Speaker 5: many people in an India do you think have a
• 14:15
  Speaker 5: cell phone?
• 14:17
  Speaker 4: I'm gonna say fifty million? Yeah, something small number, ten million,
• 14:23
  Speaker 4: one hundred, like eight million, hundred and nine million people.
• 14:25
  Speaker 4: I have a billion.
• 14:27
  Speaker 5: So it's an arms race between Walmart and Apple. The
• 14:31
  Speaker 5: boyst country gets to India because they're building the middle class.
• 14:33
  Speaker 4: Right that The same thing was happening in China.
• 14:35
  Speaker 6: Imber we spoke up off again about China Moverien and
• 14:38
  Speaker 6: it was like they're trying to build so much infrastructure
• 14:40
  Speaker 6: because they would they almost have two billion people, right, But.
• 14:43
  Speaker 4: It's a race to the middle class. Right.
• 14:45
  Speaker 5: And but when you look at the company on a
• 14:47
  Speaker 5: broad scale, and I look at it like a company
• 14:49
  Speaker 5: and I have like Netflix, and I said, okay, do
• 14:51
  Speaker 5: really well.
• 14:52
  Speaker 4: They have a lot of subcribirds.
• 14:53
  Speaker 5: We understand how it works, but they haven't really touched
• 14:56
  Speaker 5: Europe or other country.
• 14:57
  Speaker 4: So there's growth there that we get you interested.
• 15:01
  Speaker 5: Right, And those are the kind of things when you
• 15:03
  Speaker 5: start to read about companies, you go count interested now
• 15:06
  Speaker 5: now mentioned because I know if they're doing well here,
• 15:09
  Speaker 5: there's an opportunity here, right. All we want in life
• 15:12
  Speaker 5: is options, the same thing everywhere else.
• 15:15
  Speaker 4: Right. I want the option to go out to eat.
• 15:17
  Speaker 5: I want to have options, but I want to eat
• 15:19
  Speaker 5: here here here, I want to have that option or
• 15:21
  Speaker 5: I want to option.
• 15:22
  Speaker 4: What kind of call on jobs I want to out eat?
• 15:24
  Speaker 4: Do I want to bend? Do I want? Right? I
• 15:25
  Speaker 4: want that option. If we work for we work to
• 15:28
  Speaker 4: have options. Right.
• 15:29
  Speaker 5: So the same thing in the market is that understand
• 15:31
  Speaker 5: these companies now pull levers and the more you understand
• 15:35
  Speaker 5: what you're digesting and investing in, the more options you'll have.
• 15:38
  Speaker 4: Now, it's a slow reward.
• 15:40
  Speaker 5: This thing is in a I'm going to put money
• 15:43
  Speaker 5: in on Monday and be rich on Wednesday. This is
• 15:46
  Speaker 5: a character choice when you're talking about starting from scratch,
• 15:50
  Speaker 5: right in terms of a BILLITINGR portfolio. So now you
• 15:53
  Speaker 5: might not see the siege of labor, right. It might
• 15:55
  Speaker 5: go to your kids but right, Or it might be
• 15:58
  Speaker 5: something that is a passion project and you can only
• 16:00
  Speaker 5: fund so much. We'll be realistic, like everybody doesn't have
• 16:03
  Speaker 5: one hundred thousand throwing to the market or a million.
• 16:06
  Speaker 5: You start winning thousand here, one thousand and there. So
• 16:09
  Speaker 5: you have to be patient with it and be patient
• 16:11
  Speaker 5: with your own growth, the same way that we're patient
• 16:13
  Speaker 5: in life with different things.
• 16:14
  Speaker 4: That's gonna lead us into a very interesting yeah.
• 16:17
  Speaker 3: All right, So yeah, so now you got the you know,
• 16:19
  Speaker 3: the groundwork.
• 16:20
  Speaker 2: That was a lot we're going Now we're gonna go
• 16:22
  Speaker 2: into the hot topics of the day.
• 16:24
  Speaker 4: All right.
• 16:25
  Speaker 2: So now we're going to go into some hot topics
• 16:27
  Speaker 2: because everybody's been talking about the stock market recently for
• 16:30
  Speaker 2: a couple of different companies.
• 16:32
  Speaker 3: Lifting Google specifically, a couple others.
• 16:35
  Speaker 2: Pinterest is another one, Pinterest, But everybody's interested in lifting Google.
• 16:38
  Speaker 2: They just well lift ipo and Uber is about the
• 16:43
  Speaker 2: i po. Right, So everybody's been hitting us up, like,
• 16:47
  Speaker 2: can you talk about Lyft? Can you talk about what
• 16:49
  Speaker 2: with OPO? Should we buych you?
• 16:50
  Speaker 3: You're not so.
• 16:50
  Speaker 2: First of all, we're not here to give you stock advice.
• 16:53
  Speaker 2: We're just here to give you information. And then from
• 16:56
  Speaker 2: the information you can you know, do whatever you want. Right,
• 16:58
  Speaker 2: So cut all right? The first question is that IPO. Right,
• 17:05
  Speaker 2: A lot of people will hit this term, but they're not.
• 17:07
  Speaker 2: They don't fully even understand what's.
• 17:09
  Speaker 4: Happening itself, gotcha.
• 17:11
  Speaker 5: So it's an initial public offering a lot of times
• 17:13
  Speaker 5: we see the evaluation for a company and like, is
• 17:16
  Speaker 5: that how the product they get? The numbers hold evaluation
• 17:19
  Speaker 5: and come from a multiue of things.
• 17:22
  Speaker 4: The valuation.
• 17:23
  Speaker 5: You can look at a company and think that the
• 17:25
  Speaker 5: company's worth thirty billion. You can look at a company
• 17:27
  Speaker 5: and thinks the company's worth ten billion.
• 17:28
  Speaker 4: Right.
• 17:28
  Speaker 5: Everybody has a different metrics on what they value stuff.
• 17:33
  Speaker 5: And again the evaluation is from without looking inside, right,
• 17:37
  Speaker 5: This is just on the outside of your house, like
• 17:40
  Speaker 5: the appraisal, right, So it's appraising you. So the evaluation
• 17:43
  Speaker 5: could be correct, could not be?
• 17:45
  Speaker 2: Because I was gonna say, because right now, Uber is
• 17:47
  Speaker 2: possibly they look at a hundred billion.
• 17:51
  Speaker 5: Somewhere in the realm, they're gonna come up with the
• 17:54
  Speaker 5: high value might be one of the higher ones, right.
• 17:55
  Speaker 2: Hundred let's say one hundred billion dollar valuation. That's what
• 17:58
  Speaker 2: they're looking at. And they've never made a proper so
• 18:02
  Speaker 2: that's another thing, right lift, it's never made a profit.
• 18:04
  Speaker 5: So that part of it is like basically, once you
• 18:08
  Speaker 5: go an IPO and you haven't made a profit, that
• 18:12
  Speaker 5: clock starts taking. Now you got to make a really
• 18:14
  Speaker 5: good right, and they'll give you some quarters to kind
• 18:16
  Speaker 5: of get your feet wet and stuff together, right, But eventually,
• 18:19
  Speaker 5: now you're open to investors and public investors and other
• 18:24
  Speaker 5: institutions and hedge funds.
• 18:25
  Speaker 4: Who all have different motives. You might be a long
• 18:28
  Speaker 4: term investor, he.
• 18:30
  Speaker 5: Might be a hedge from looking to make a quick
• 18:31
  Speaker 5: buck or making look make a power play, right, and
• 18:34
  Speaker 5: that kind of gets into the market if you awys
• 18:37
  Speaker 5: want to think about it. It's like the ocean, right,
• 18:39
  Speaker 5: you got sharks, and you have fish, and you have whales,
• 18:41
  Speaker 5: and you have eels and you have seals. You have
• 18:43
  Speaker 5: all these different creatures. They all have different purposes, right
• 18:47
  Speaker 5: the octopus, and they all just want to live their
• 18:49
  Speaker 5: life in the ocean.
• 18:50
  Speaker 4: They want what they want, right.
• 18:52
  Speaker 5: The eel's not worried about what the shark's doing, and
• 18:54
  Speaker 5: the shark's not worried about what the coyfish is doing.
• 18:56
  Speaker 4: They're all just.
• 18:57
  Speaker 5: Living in the same atmosphere. But they have different purposes.
• 19:01
  Speaker 5: And that's a stock market. When you start to get
• 19:03
  Speaker 5: into the exchange and all these different investors, right, that's
• 19:08
  Speaker 5: a deeper dive when you get into this IPO market.
• 19:11
  Speaker 5: The company's doing it because they feel like with the
• 19:13
  Speaker 5: extra cash, they'll be able to take their company to
• 19:15
  Speaker 5: the next level, the same way that you might take
• 19:18
  Speaker 5: a home equity loan out because you feel like you
• 19:20
  Speaker 5: can take your house to the next level and it'll
• 19:21
  Speaker 5: raise the evaluation in your house by adding the bathroom
• 19:24
  Speaker 5: or adding the kitchen, or adding something to your home,
• 19:27
  Speaker 5: right and eventually going to pay that money back, because
• 19:29
  Speaker 5: that's a debt.
• 19:30
  Speaker 4: Right, they're offering equity, that's debt. They owes money money.
• 19:33
  Speaker 5: They use other people's money to take themselves to the
• 19:35
  Speaker 5: next level, the same way as people. We take loans
• 19:39
  Speaker 5: and credit cards to take ourselves to the next level.
• 19:42
  Speaker 4: Companies to do right, we're all owns.
• 19:43
  Speaker 5: We're the CEOs or our own companies every day, right,
• 19:45
  Speaker 5: so your balance sheet of what you do on a
• 19:47
  Speaker 5: daily basis, you're the CEO. You are Rashad as a
• 19:50
  Speaker 5: CEO or Rashard co. So decisions you make on a
• 19:53
  Speaker 5: daily basis the same way as CEO made decisions for
• 19:56
  Speaker 5: his company. So you start to look at it like that,
• 19:58
  Speaker 5: it's all kind of connect together. You know, you're like, Okay,
• 20:03
  Speaker 5: I understand why they would do this now because he's
• 20:05
  Speaker 5: moving in the best interest the same way that you
• 20:07
  Speaker 5: would do that, right.
• 20:08
  Speaker 2: Like so then also all right, but so Snapchat, right,
• 20:12
  Speaker 2: can we talk? They still haven't made a profit, okay,
• 20:15
  Speaker 2: and they say that they might never make a profit,
• 20:17
  Speaker 2: right yep. So okay, So these companies come into the
• 20:20
  Speaker 2: stock market like Uber and Lifting they never made a profit.
• 20:23
  Speaker 2: But from my perspective and the easiest way to explain,
• 20:28
  Speaker 2: people will still give them a benefit of the doubt
• 20:30
  Speaker 2: because they believe in the business model anything. One day
• 20:33
  Speaker 2: they will turn a profit, right, But sometimes they don't
• 20:35
  Speaker 2: turn a profit like Snapchat.
• 20:37
  Speaker 4: So now what it.
• 20:39
  Speaker 5: Comes down to potential, Right, at some point in time,
• 20:43
  Speaker 5: you get too old to have potential. Right, It's like basketball,
• 20:47
  Speaker 5: It's about life, right, Like if I don't get it
• 20:49
  Speaker 5: right at seventeen years old, it's like, well, you have
• 20:52
  Speaker 5: your whole life ahead of year, and then I don't
• 20:53
  Speaker 5: get it right at twenty four, where you're still young.
• 20:55
  Speaker 5: I don't get it right at twenty six. Hey you
• 20:57
  Speaker 5: kind of on your last legs. I don't get it
• 20:59
  Speaker 5: right a thirty five. I like, fam just didn't figure
• 21:01
  Speaker 5: it out.
• 21:01
  Speaker 6: That's that's what I say, right, Like you have a dude,
• 21:04
  Speaker 6: don't make it out there at a certain point in time,
• 21:07
  Speaker 6: the potential is going right.
• 21:08
  Speaker 5: I can't use that as a as an excuse as
• 21:10
  Speaker 5: to why I'm not accomplishing something, And so accept all
• 21:13
  Speaker 5: these things in the stock marketing, all these things in
• 21:15
  Speaker 5: life kind of tying together. So yeah, on potential, I'm
• 21:19
  Speaker 5: going to invest in this company because it can be
• 21:21
  Speaker 5: fruitful if I was investing.
• 21:23
  Speaker 4: That's what the person's thinking, rather earners. What's up.
• 21:27
  Speaker 7: You ever walk into a small business and everything just works,
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  Speaker 7: Let Square handle the back end so you can keep
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  Speaker 7: pushing your vision forward. This episode is brought to you
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  Speaker 7: by P and C Bank. A lot of people think
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  Speaker 7: podcasts about work are boring, and sure, they definitely can be,
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  Speaker 8: An illegal alien from Guatemala charged with raping a child
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  Speaker 8: some of the heinous migrant criminals caught because of President
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  Speaker 8: Donald J. Trump's leadership. I'm Christy nom the United States
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  Speaker 8: Secretary of Homeland Security. Under President Trump, attempted illegal border
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  Speaker 8: crossings are at the lowest levels ever recorded, and over
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  Speaker 8: one hundred thousand illegal aliens have been arrested. If you
• 23:51
  Speaker 8: are here illegally, your next you will be fined nearly
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• 24:07
  Speaker 8: Do what's right leave now. Under President Trump, America's laws,
• 24:12
  Speaker 8: border and families will be protected.
• 24:14
  Speaker 5: Sponsored by the United States Department of Homeland Security, saying Okay,
• 24:17
  Speaker 5: I get the premise.
• 24:18
  Speaker 4: I understand the business concept.
• 24:20
  Speaker 5: I understand how they make money, how they plan to
• 24:23
  Speaker 5: make money, what they're gonna do. First part. Second part
• 24:27
  Speaker 5: is are they gonna execute?
• 24:28
  Speaker 4: Right?
• 24:28
  Speaker 5: We understand now, but I believe in the execution. And
• 24:32
  Speaker 5: then if they don't execute, what's my next move? Everybody never,
• 24:37
  Speaker 5: nobody ever plans a fail. Like people always plan for
• 24:39
  Speaker 5: everything to go right. And that's not how life works.
• 24:42
  Speaker 5: Right when I was a kid, Okay, I'm gonna get
• 24:43
  Speaker 5: my degree at twenty two, I'd be married at twenty five,
• 24:46
  Speaker 5: make six figures at twenty six, I'm gonna have a
• 24:48
  Speaker 5: kid at thirty. Like that never happens. But life that
• 24:52
  Speaker 5: punches you in the mouth, and you know, everybody's journey
• 24:56
  Speaker 5: is different. So that's why I said this stuff is
• 24:57
  Speaker 5: all kind of like life based, because at the end
• 25:01
  Speaker 5: of the day, these journeys these companies are on are
• 25:04
  Speaker 5: independent their own. Like the CEO's job is to do
• 25:07
  Speaker 5: a certain job with the company and raise capital or
• 25:10
  Speaker 5: to take the shares to a certain price, and Adidas
• 25:13
  Speaker 5: and a Nike, though they are competitors, they might have
• 25:17
  Speaker 5: different you know, operating procedures or different goals of what
• 25:20
  Speaker 5: they want to do. And that comes down to like
• 25:23
  Speaker 5: looking actually in the company at what they're doing well,
• 25:26
  Speaker 5: what they're not doing well, and how their success or
• 25:30
  Speaker 5: failure basically affects the ecosystem with which they live in,
• 25:34
  Speaker 5: which is the stock market. For example, foot Locker derives
• 25:38
  Speaker 5: a lot of the success from Nike, right Nike's a big,
• 25:41
  Speaker 5: biggest shoe retailer in terms of sneakers. Twenty seventeen, Nike
• 25:46
  Speaker 5: had a very bad fashion year. They didn't hit on
• 25:49
  Speaker 5: a lot of different things, right, So they had a
• 25:52
  Speaker 5: down year that took Footlocker stock from like seventy to
• 25:56
  Speaker 5: thirty bucks to drop like sixty five percent because they're.
• 25:59
  Speaker 4: Tied to that.
• 26:00
  Speaker 5: And then on top of Nike not having a good
• 26:02
  Speaker 5: year and an affecting foot Locker, Nike said We're now
• 26:05
  Speaker 5: going to directly distribute shoes from Amazon.
• 26:08
  Speaker 4: So the market said, oh, you guys are definitely in.
• 26:10
  Speaker 5: Trouble now, right, And now you look at Footblocker and
• 26:14
  Speaker 5: they've kind of built themselves back. And Nike had a
• 26:17
  Speaker 5: better year the two seventies hit and the whole They
• 26:21
  Speaker 5: have a bunch of different shoe lines and clothing lines
• 26:23
  Speaker 5: that hit that did well, and that ecosystem, right, they're
• 26:26
  Speaker 5: doing well affected foot Blocker. So the same I said,
• 26:29
  Speaker 5: It's like an ocean, right, the ecosystem and how we
• 26:32
  Speaker 5: do things affects everybody. It's important to understand Nike because
• 26:36
  Speaker 5: I'm going to understand the DTIs. It's going to help
• 26:38
  Speaker 5: me understand under Armour, It's going to help me understand
• 26:40
  Speaker 5: foot Locker, it's going to help me understand Sketchers, and
• 26:43
  Speaker 5: help me understand all these other companies that are in
• 26:45
  Speaker 5: the same ecosystem on a daily basis, and that will
• 26:49
  Speaker 5: now affect what I want to invest in if that's
• 26:52
  Speaker 5: what I want to invest in.
• 26:53
  Speaker 2: So would you recommend like specialty? All right, So if
• 26:56
  Speaker 2: I wanted to get started in a stock market, right,
• 26:58
  Speaker 2: should I just focus my own here and say, okay,
• 27:00
  Speaker 2: I remember ready interested in tech. Let me just focus
• 27:03
  Speaker 2: on tech so I can learn everything about tech that
• 27:05
  Speaker 2: I need to know Google, Amazon, Facebook, all of these companies,
• 27:10
  Speaker 2: or focus my energy on fashion or because then it's
• 27:12
  Speaker 2: like okay, once I'm master that, Like you said, now
• 27:15
  Speaker 2: one tech company is kind of related to the next
• 27:17
  Speaker 2: tech company, and I'll be able to read those publications.
• 27:20
  Speaker 3: I'll kind of have my niche.
• 27:21
  Speaker 2: Or would you just recommend like broad range learning much
• 27:23
  Speaker 2: about as much things as possible.
• 27:26
  Speaker 5: Like I said before, I'm a big proponent of read
• 27:30
  Speaker 5: what you're interested in. That's the best way, because you're
• 27:33
  Speaker 5: gonna get excited to read. Like I don't think people
• 27:36
  Speaker 5: get excited to read. Like you're not excited to read
• 27:38
  Speaker 5: certain stuff, Like we don't have to read the Apple
• 27:40
  Speaker 5: contracts when they pops up and it's like.
• 27:42
  Speaker 4: You don't see what you're saying.
• 27:43
  Speaker 5: Yes, they're like saying, yo, we're gonna take information, We're
• 27:46
  Speaker 5: gonna stop here, and like okay, whatever, agree, agree, agree, Right.
• 27:50
  Speaker 4: No one likes to read.
• 27:51
  Speaker 5: So the biggest thing is is to do the things
• 27:55
  Speaker 5: that you don't like to do it you're not comfortable.
• 27:58
  Speaker 4: That's when you know you're growing.
• 27:59
  Speaker 5: Like if I'm doing stuff and I'm not comfortable doing
• 28:02
  Speaker 5: it because I don't have a comfortability, I don't do
• 28:04
  Speaker 5: it all the time.
• 28:05
  Speaker 4: I need to do it because I'm grown.
• 28:06
  Speaker 5: I don't need to keep on doing the same things
• 28:08
  Speaker 5: that I'm comfortable with, Right, but the comfortability isn't the
• 28:12
  Speaker 5: interest just from.
• 28:12
  Speaker 4: The teaching standpoint that comes with endurance.
• 28:14
  Speaker 6: Like reading, endurance is a thing, right like the first
• 28:17
  Speaker 6: time you read an article, maybe you do it for
• 28:19
  Speaker 6: five minutes, and then that's time, you do it for
• 28:20
  Speaker 6: ten minutes, and then by you.
• 28:22
  Speaker 4: Know, a month or six months, now you're reading for
• 28:24
  Speaker 4: an hour. Right. You got to build that thing up.
• 28:26
  Speaker 4: You got to train yourself to do it, all.
• 28:27
  Speaker 2: Right, So now we yeah, we gave you some backgron
• 28:30
  Speaker 2: on it. So now we're going to go into the
• 28:31
  Speaker 2: next level of how you guys can actually get your
• 28:34
  Speaker 2: foot in the game and start to make some money
• 28:36
  Speaker 2: because it's one thing to learn about it, but it's
• 28:38
  Speaker 2: another thing to actually profit from it, all right, gos So,
• 28:41
  Speaker 2: now we gave you some background info on the stock markets,
• 28:44
  Speaker 2: how stocks work. But now you know, it's one thing,
• 28:47
  Speaker 2: as I said before, to provide information, it's another thing
• 28:50
  Speaker 2: that actually use the information. So now we want to
• 28:53
  Speaker 2: give you some tools that you can use yourself as
• 28:56
  Speaker 2: far as you know, to get your feet wet and investing.
• 28:59
  Speaker 2: So all right, we talked about platforms, right, So there's
• 29:02
  Speaker 2: there's a there's a there's a lot of different platforms
• 29:04
  Speaker 2: how somebody can invest. Right, one of the apps is Robinhood, right,
• 29:09
  Speaker 2: what what's what? What's your favorite? Like what's your what?
• 29:12
  Speaker 5: So it depends right, like do you want to do
• 29:15
  Speaker 5: do you bank with Chase and then you can do
• 29:17
  Speaker 5: it through JP Morgan Chase if you wanted to do it, right,
• 29:19
  Speaker 5: do you bank through Bank of America? You do, AMERI
• 29:22
  Speaker 5: Lynch If you bank through as Far you do. So
• 29:25
  Speaker 5: there's platforms there. There's there's scott Trade, there's e Trade,
• 29:30
  Speaker 5: there's t D, there's Robinhood, there's Acorn, there are glutt
• 29:34
  Speaker 5: in your places.
• 29:35
  Speaker 3: Acorn, because somebody asks about Acorn has a unique platform.
• 29:38
  Speaker 5: So Acorn is the company if I'm not misinform is
• 29:42
  Speaker 5: a company that I think ash Cusher is a part
• 29:44
  Speaker 5: of where I take the change when you use it
• 29:47
  Speaker 5: and they buy shares with your change, and it's a
• 29:50
  Speaker 5: way to get exposure to the market.
• 29:52
  Speaker 4: Right.
• 29:53
  Speaker 5: So like the game that we're playing is all about exposure.
• 29:57
  Speaker 5: You don't know what you don't know? Right, So then
• 29:59
  Speaker 5: reading exposure these sites exposure. Now you're exposed to all
• 30:04
  Speaker 5: these sites we're mentioning, go on there, read their platform,
• 30:08
  Speaker 5: read the offers, read call them. They have customer service
• 30:12
  Speaker 5: people ask questions, say, hey, if I choose you as
• 30:15
  Speaker 5: opposed to them, what benefit do I have. That's the thing.
• 30:20
  Speaker 5: We're in a bubble right now. The ideas that get
• 30:23
  Speaker 5: out that bubble, and so what we want to preach is, yeah,
• 30:28
  Speaker 5: there are a lot of platforms, and now the onus
• 30:32
  Speaker 5: is on the person that do due diligence. I don't
• 30:35
  Speaker 5: know what works best for you because I don't know
• 30:36
  Speaker 5: your financial circumstances. I don't know where you bank, I
• 30:39
  Speaker 5: don't know what you're comfortable with. There are companies that
• 30:42
  Speaker 5: have customer service reaps you can call before you make
• 30:45
  Speaker 5: a trade, that will help walk you through stuff. They'll
• 30:47
  Speaker 5: help find research with you. They have platforms. It's extensive stuff.
• 30:51
  Speaker 5: It's very labor intensive, right, All this stuff is labor intensive.
• 30:55
  Speaker 5: So now this comes down to how passionate are you
• 30:57
  Speaker 5: about things? So we read the fine press. So I
• 31:00
  Speaker 5: want to let people know too.
• 31:01
  Speaker 2: A lot of time people have the misconception that you
• 31:03
  Speaker 2: have to be wealthy or rich to invest in stock market.
• 31:06
  Speaker 5: Right, which is it's not true because the end game
• 31:08
  Speaker 5: to the difference on how people think and not everybody
• 31:11
  Speaker 5: looks like this, right, money is temporary and it comes
• 31:14
  Speaker 5: and goes ebbs and flows. Knowledge is what we're mining here,
• 31:19
  Speaker 5: Like we're crafting knowledge, right. I can't take that from you.
• 31:22
  Speaker 5: I can't go in your brain and take the knowledge.
• 31:25
  Speaker 5: What makes the knowledge powerful is that you can build
• 31:27
  Speaker 5: on it or you can share it, and you can
• 31:30
  Speaker 5: make other people knowledgeable. And if me and you both
• 31:32
  Speaker 5: have to be knowledgeable, well then you have iron and
• 31:35
  Speaker 5: shop and iron, right, and that's where it gets powerful.
• 31:38
  Speaker 5: And then when I do have the actual capital to
• 31:42
  Speaker 5: do things significantly, I'm ready mentally, right, So you can
• 31:46
  Speaker 5: have a million dollars and not be sufficiently educated to move,
• 31:51
  Speaker 5: so that you can have one thousand dollars and be educated,
• 31:54
  Speaker 5: and all you're doing is building your knowledge based until
• 31:57
  Speaker 5: that moment comes where you have that money to make
• 32:00
  Speaker 5: significant move for yourself. So the ideas we're preaching exposure,
• 32:05
  Speaker 5: we're preaching knowledge. Right, we'll keetch your hands in the dirt.
• 32:08
  Speaker 5: But it comes down to the individual person. How bad
• 32:12
  Speaker 5: do you want to learn the market? How bad do
• 32:15
  Speaker 5: you want to be a resource for your friends and family?
• 32:17
  Speaker 5: How bad do you want to see your goals happen.
• 32:21
  Speaker 5: I don't control that you don't control that. We're all
• 32:24
  Speaker 5: CEOs our own companies. So again, bunch of platforms. Right,
• 32:28
  Speaker 5: we can give you the names, we can list them
• 32:30
  Speaker 5: out by the end of the day, you have to
• 32:32
  Speaker 5: do it's best for you. Because I don't wear a
• 32:35
  Speaker 5: side small, so I can't try a side small. Surely
• 32:37
  Speaker 5: want to tell you if it's not, I'm going to
• 32:39
  Speaker 5: excel the same thing for people. These platforms are good
• 32:43
  Speaker 5: if you have this amount of money to invest and
• 32:45
  Speaker 5: you're looking for this kind of customer service. If you
• 32:49
  Speaker 5: don't want any customer service, you want to do it yourself,
• 32:51
  Speaker 5: this platform is good if you want to be able
• 32:54
  Speaker 5: to walk into a bank brand and have a conversation
• 32:57
  Speaker 5: with somebody about different things in the face of it, well,
• 32:59
  Speaker 5: this is good.
• 33:00
  Speaker 4: Free.
• 33:00
  Speaker 5: These things are all quite essential to what it is
• 33:04
  Speaker 5: you're looking for.
• 33:05
  Speaker 2: Yeah, now I like what you said as far as
• 33:07
  Speaker 2: you can't take the knowledge. Because I had one friend
• 33:10
  Speaker 2: who he he made he made a million dollars let's
• 33:14
  Speaker 2: say roughly like he made a million dollars young, right,
• 33:16
  Speaker 2: then he fell on some hard times and he lost
• 33:18
  Speaker 2: pretty much all of it. And but another one of
• 33:21
  Speaker 2: my friends was talking to him and he was like
• 33:22
  Speaker 2: you're going to make a million dollars again easy. And
• 33:25
  Speaker 2: when he said that, it was kind of like I
• 33:27
  Speaker 2: asked him later, I'm like, why would you say that,
• 33:29
  Speaker 2: you don't even know, like it's not easy to make
• 33:31
  Speaker 2: a million dollars? Said because he already made it before,
• 33:33
  Speaker 2: so he got the information. He understands how to do it.
• 33:37
  Speaker 2: Now you just got to do it again. That's like,
• 33:38
  Speaker 2: that's the first million. You can't, like you said, you
• 33:42
  Speaker 2: can't take somebody's knowledge. Once you have the knowledge to
• 33:44
  Speaker 2: do it, you're gonna do it again.
• 33:46
  Speaker 5: Well, what makes them dangerous, right, like in terms of
• 33:48
  Speaker 5: being able to get that back, is that he has
• 33:50
  Speaker 5: knowledge and experience. It's one thing to be a coach
• 33:54
  Speaker 5: and coach a sport, but there's another thing to play
• 33:57
  Speaker 5: and be in that moment because I can now coach
• 33:59
  Speaker 5: from a different angle because I've been in that moment.
• 34:01
  Speaker 5: So we watch coaches in the NBA and there's certain
• 34:04
  Speaker 5: guys we look at and it's like that dude really
• 34:07
  Speaker 5: was never in that moment, So it's hard for him
• 34:09
  Speaker 5: to get across this player the significance of the moment
• 34:12
  Speaker 5: because he didn't do it or certain guys are not
• 34:15
  Speaker 5: able to basically talk and communicate like Michael Jordan's with
• 34:19
  Speaker 5: respect is a terrible owner, Like he's not good at
• 34:22
  Speaker 5: putting a team together or gym and stuff because he
• 34:25
  Speaker 5: was so great, so he can't compute how everybody's not great.
• 34:29
  Speaker 5: But Larry Bird is able to get the most out
• 34:31
  Speaker 5: of Indiana Pacers all the time. And they might not
• 34:34
  Speaker 5: be the most talented players, but Larry Bird was the
• 34:36
  Speaker 5: most athletic guy.
• 34:37
  Speaker 4: He was just super smart and very skills.
• 34:39
  Speaker 5: He's able to understand that and put teams together that
• 34:42
  Speaker 5: are not juggernauts, but they're team that you don't well
• 34:46
  Speaker 5: can't walk over. It's the same thing, right, like a
• 34:50
  Speaker 5: person that has experience plus the knowledge base is always
• 34:54
  Speaker 5: going to double up faster. So if I lost that
• 34:56
  Speaker 5: million or whatever it is, I can get it back fast.
• 34:59
  Speaker 5: But not only do I have the life experience of
• 35:00
  Speaker 5: what I went through. So I'm gonna just basically skip
• 35:03
  Speaker 5: these hurdles. Right, these mistakes I've made that those are
• 35:05
  Speaker 5: out the way. So if I skip these hurdles that
• 35:08
  Speaker 5: might have cost me six months in mistakes, that's going
• 35:11
  Speaker 5: six months to a million wherever the number is right.
• 35:14
  Speaker 5: And that's the power We have to first learn. So
• 35:18
  Speaker 5: we're knowledgeable and we're armed. Right, I've armed myself to
• 35:21
  Speaker 5: go into battle. I didn't go and I didn't run
• 35:24
  Speaker 5: into the battle with nothing in my hands.
• 35:25
  Speaker 6: To like, I'm gonna get smarter, and that's I mean,
• 35:28
  Speaker 6: that's what we do, right. Nobody teaches us like, especially stocks.
• 35:31
  Speaker 6: It's not something that is learned in school. And if
• 35:34
  Speaker 6: your parents have never invested in stocks, like, we have
• 35:37
  Speaker 6: no armor when we go out.
• 35:39
  Speaker 2: So what happens with most of the time most middle
• 35:40
  Speaker 2: class people and in our community especially is that people
• 35:44
  Speaker 2: are intimidated with things they don't understand, they don't know right,
• 35:47
  Speaker 2: So what ends up happening is that if you just
• 35:48
  Speaker 2: stay away from it and you say it's over my head,
• 35:52
  Speaker 2: I don't want anything to do with it, because, especially
• 35:53
  Speaker 2: when it comes to money, people is not gonna invest
• 35:55
  Speaker 2: in something or that they don't understand.
• 35:58
  Speaker 3: So this is what the podcast is about to fully
• 36:00
  Speaker 3: equip you.
• 36:01
  Speaker 2: But before we leave, I wanted to talk about a
• 36:02
  Speaker 2: couple of different ways where people can invest in stock
• 36:04
  Speaker 2: market even if okay, even if you don't want to
• 36:07
  Speaker 2: fully dive in and do the research and it may
• 36:10
  Speaker 2: not be your forte you can still invest in stock market, right,
• 36:13
  Speaker 2: there's other ways to invest.
• 36:14
  Speaker 3: So there's like mutual funds.
• 36:16
  Speaker 2: Why would allows you to invest in stock market without
• 36:19
  Speaker 2: actually investing yourself?
• 36:20
  Speaker 3: Right, it is being done for you.
• 36:21
  Speaker 2: And a mutual fund is a company like a Franklin,
• 36:24
  Speaker 2: Simpleton or Oppenheim, And what they do is they pull
• 36:26
  Speaker 2: together let's say one hundred and fifty different stocks and
• 36:28
  Speaker 2: one mutual fund, and you pay a fee for that.
• 36:30
  Speaker 3: But you're paying a fee because they're doing the work
• 36:33
  Speaker 3: for you. Right.
• 36:34
  Speaker 2: So it's like a four one K, it's a job
• 36:35
  Speaker 2: where nobody really knows the money in a four one
• 36:38
  Speaker 2: K where it's invested, it's invested in stock market, but
• 36:40
  Speaker 2: nobody knows which stock is actually invested in.
• 36:42
  Speaker 4: Right.
• 36:43
  Speaker 2: The same thing with a mutual fund kind is like
• 36:45
  Speaker 2: you're investing in a mutual fund, like it could be
• 36:46
  Speaker 2: a tech fund, but that tech funm I have one
• 36:48
  Speaker 2: hundred and fifty different stocks inside of it.
• 36:50
  Speaker 4: Right.
• 36:51
  Speaker 2: So the benefit with that is that a it allows
• 36:53
  Speaker 2: you to invest in a low amount. It's like a
• 36:56
  Speaker 2: lot of times, like fifty dollars a month minimum or
• 36:58
  Speaker 2: like a thousand dollars a month longth sum. So you're
• 37:00
  Speaker 2: investing at a pretty low entry point, and you don't
• 37:03
  Speaker 2: have to do the work yourself, like you don't have
• 37:05
  Speaker 2: to research.
• 37:05
  Speaker 3: You know, it's being done for you.
• 37:07
  Speaker 2: And another way to invest is an index fund, right,
• 37:10
  Speaker 2: So an indexed fund, you know, attracts an index. So
• 37:13
  Speaker 2: we have like the S and P five hundred or
• 37:15
  Speaker 2: dal Jones and that's pretty much like a microcosm of
• 37:18
  Speaker 2: the stock market. And so instead of you trying to
• 37:22
  Speaker 2: pick stocks yourself, you're just investing in a broader stock
• 37:25
  Speaker 2: market as a whole. And that's another way where it's
• 37:28
  Speaker 2: it's passive, right, because you're not actually doing the work,
• 37:31
  Speaker 2: it's just mirroring the actual market. So I say those
• 37:35
  Speaker 2: those two ways in particular because we want everybody to
• 37:38
  Speaker 2: get involved in investing, and we encourage you to learn
• 37:43
  Speaker 2: and to do it yourself if you would like to.
• 37:44
  Speaker 2: But if not, that's still not an excuse to not invest,
• 37:47
  Speaker 2: because you can still invest in the stock market without
• 37:50
  Speaker 2: actually having to pick the stocks or do the work yourself.
• 37:54
  Speaker 5: I think the idea really is on a daily basis,
• 37:57
  Speaker 5: are you challenging yourself?
• 37:59
  Speaker 4: Right? Are you? Today?
• 38:01
  Speaker 5: I go to sleep and then I'll wake up tomorrow
• 38:03
  Speaker 5: and my better version of myself and all I askts
• 38:05
  Speaker 5: of life, right, like forget finance, just aspects of challenging yourself.
• 38:09
  Speaker 5: And when you start to challenge yourself, the reward comes
• 38:13
  Speaker 5: right slowly, but show you. It's like if I want
• 38:14
  Speaker 5: to lose weight. Sometimes I look in the mirror and
• 38:16
  Speaker 5: it's like, well, I'm not losing weight, and somebody sees you, going,
• 38:18
  Speaker 5: hey man, you losing weight, and it's like I didn't notice,
• 38:20
  Speaker 5: because I see myself every day, so I will never
• 38:23
  Speaker 5: notice the micro changes in myself.
• 38:25
  Speaker 4: But in this kind of forum, the ideas that get
• 38:29
  Speaker 4: better every day.
• 38:30
  Speaker 5: And the great thing about the stock market, and the
• 38:32
  Speaker 5: great thing about all the things you're speaking about, is
• 38:35
  Speaker 5: that it's tangible.
• 38:36
  Speaker 4: We can feel it, we can read it, we can
• 38:38
  Speaker 4: touch it. Right.
• 38:39
  Speaker 5: I can go to a Verizon store, I can walk
• 38:41
  Speaker 5: into a Nike store. I can tangim, I can feel it.
• 38:43
  Speaker 5: If I also can put up an article from the
• 38:45
  Speaker 5: Wall Street Journal, or I can donate my money, right,
• 38:49
  Speaker 5: I consider a donation.
• 38:50
  Speaker 4: Right, So when I say donate money, you have to
• 38:52
  Speaker 4: pay for the wallsh Journal.
• 38:53
  Speaker 5: But I'm donating to my knowledge, right, I'm donating money
• 38:57
  Speaker 5: to my knowledge fund paid for banterers. I'm donating money
• 39:01
  Speaker 5: to mine, I'm donating time to my knowledge. I'm investing
• 39:06
  Speaker 5: in myself to make myself better because the better I am,
• 39:10
  Speaker 5: the more I can do for other people. Right, So
• 39:12
  Speaker 5: part of my journey was that I understood when I
• 39:16
  Speaker 5: got into the game was the better I do, the
• 39:19
  Speaker 5: more I can do for people who don't know, because
• 39:21
  Speaker 5: they're gonna trust me because they figure, well, you work
• 39:24
  Speaker 5: in this field, so I'm gonna trust you the serain way.
• 39:26
  Speaker 5: I go to my dentists and they say, well, you
• 39:27
  Speaker 5: need this, and I always tell them you are professional.
• 39:31
  Speaker 5: I'm gonna do what I'm told, but I also want
• 39:33
  Speaker 5: to learn. Come not trying to just have dental work
• 39:35
  Speaker 5: done for no reason. So I'm gonna ask questions as
• 39:37
  Speaker 5: to why that's happening, and you can now tell me.
• 39:41
  Speaker 4: I'm gonna learn.
• 39:42
  Speaker 5: So the same thing premises holds true for this is
• 39:45
  Speaker 5: any money or time you're donating to investing yourself. So
• 39:49
  Speaker 5: these platforms also cost money. Let's not forget that this
• 39:52
  Speaker 5: stuff isn't free. It's not free to be knowledgeable, and
• 39:54
  Speaker 5: it's not free to just become an expert in something.
• 39:57
  Speaker 5: It takes sweat, equity and time, right, years, months, days,
• 40:01
  Speaker 5: whatever you want to do, and it takes a financial investment.
• 40:05
  Speaker 5: And I'm gonna waste twenty bucks thirty bucks on stuff
• 40:08
  Speaker 5: I don't need, right, No, we could do. We always
• 40:11
  Speaker 5: waste money, so we always find a reason. We can
• 40:14
  Speaker 5: always find the reason why we should buy something. Oh man,
• 40:17
  Speaker 5: them drugs is on sale. You know they there three hundred.
• 40:20
  Speaker 5: I put them for one fifty. You found the reason
• 40:23
  Speaker 5: didn't need them. The difference between the need and the want.
• 40:26
  Speaker 5: Same thing with this. These platforms cost money, well lots
• 40:29
  Speaker 5: you journally costs money. Barrens cost money financial terms for
• 40:33
  Speaker 5: financial times, excuse me, costs money. The economists costs money
• 40:37
  Speaker 5: to subscribe on their yearly basis. This isn't like a chore,
• 40:41
  Speaker 5: and if it is, it's not for you, right because
• 40:44
  Speaker 5: you got to invest in yourself the same way you
• 40:45
  Speaker 5: invest in your clothes and stuff that you might not
• 40:47
  Speaker 5: have in five years. Right, you might not have those
• 40:50
  Speaker 5: pairs of sneakers in five years, but that knowledgement, the
• 40:52
  Speaker 5: article or you got that, you got that for a
• 40:55
  Speaker 5: long time.
• 40:56
  Speaker 4: Justally quickly.
• 40:58
  Speaker 3: The knowledge on the podcast too, which is free.
• 41:02
  Speaker 6: I just want to touch because like you said, like
• 41:04
  Speaker 6: not having the armor is one thing, and investing yourself
• 41:07
  Speaker 6: as far as literature and reading.
• 41:08
  Speaker 4: Like in two thousand and seven, Rashad.
• 41:11
  Speaker 6: And a good friend about his Jama and my brother
• 41:13
  Speaker 6: Gred we started a company called Money Through invest In
• 41:16
  Speaker 6: and so you know, we were.
• 41:19
  Speaker 4: Into business, right. We didn't have no tools. We were
• 41:21
  Speaker 4: just trying to learn on our own. And I subscribed
• 41:24
  Speaker 4: to all these magazines.
• 41:24
  Speaker 6: I read BusinessWeek and I got this great article and
• 41:28
  Speaker 6: it was like, you know, things you should look into,
• 41:29
  Speaker 6: So like that was the first thing I did to.
• 41:31
  Speaker 4: Look at it. It's like, what are my interests? Right?
• 41:34
  Speaker 6: So I saw Apple and this is prior to the
• 41:37
  Speaker 6: iPhone that hadn't come out yet. And I saw this
• 41:39
  Speaker 6: company called Badu, which was like the Chinese version of Google.
• 41:42
  Speaker 4: I'm like, all right, Google's been China this this is
• 41:44
  Speaker 4: gonna be next, and then that's on China Mobile. I'm
• 41:46
  Speaker 4: not great, I'm gonna invest in these all right, boom.
• 41:48
  Speaker 4: So I did it. I was like, the iPhone is going.
• 41:50
  Speaker 6: To be huge prior to it being released, and it
• 41:53
  Speaker 6: was great the first six months, and then two thousand
• 41:56
  Speaker 6: and eight market crash and I got scared and I
• 42:00
  Speaker 6: took all money out, but.
• 42:01
  Speaker 4: I still watched.
• 42:02
  Speaker 6: I'll still watch it for the sideline and I saw
• 42:05
  Speaker 6: like companies go up sevenfold and I'm like, oh my gosh.
• 42:08
  Speaker 4: And then they did something call to split. You want
• 42:10
  Speaker 4: to play what the split is? Well, so stock split?
• 42:12
  Speaker 4: Could they either they can do a reverse stock split
• 42:15
  Speaker 4: or they can stock split.
• 42:16
  Speaker 5: Right, So if you have one share unless say the
• 42:18
  Speaker 5: shares one hundred dollars and the companies say we're doing
• 42:20
  Speaker 5: a four to one stock split, now you have four
• 42:23
  Speaker 5: shares at twenty five dollars, right, and the reverse dosplat
• 42:27
  Speaker 5: is like, we're going to make those four shares one
• 42:29
  Speaker 5: hundred dollars, right, So you have four twenty five dollars shares.
• 42:31
  Speaker 5: Now you have one share of one hundred dollars. Companies
• 42:34
  Speaker 5: do it for a multitude of reasons. Whether it is
• 42:37
  Speaker 5: to create volume, right because the stock market dealsn't supply
• 42:40
  Speaker 5: and demand. Why is the stock call so much, Whether
• 42:42
  Speaker 5: there's not a lot of volume where there's not a
• 42:44
  Speaker 5: lot of shares that are out there that you can
• 42:45
  Speaker 5: obtain so the price goes up the same way that
• 42:48
  Speaker 5: if like a sneaker comes out and then it gets
• 42:51
  Speaker 5: sold out and it's two hundred dollars at Nike, but
• 42:53
  Speaker 5: then you go on stock X and it's five hundred beans.
• 42:56
  Speaker 5: You're like, yo, but that's the value because there's only
• 42:58
  Speaker 5: so many shoes. Literally knows that, and they're going to
• 43:01
  Speaker 5: raise the price. That's the same thing in the stock market.
• 43:04
  Speaker 5: Sometimes the companies right will buy back shares of their
• 43:07
  Speaker 5: stock to take them off of the market. By buying
• 43:10
  Speaker 5: back the shares of their stock and taking them off
• 43:12
  Speaker 5: the market, it creates, right, it creates more demand for
• 43:16
  Speaker 5: the stock because there's less of supply out there for
• 43:18
  Speaker 5: me to get my hands on. So intrinsically, it will
• 43:21
  Speaker 5: raise the price to the stock, or hopefully raise the
• 43:23
  Speaker 5: price to the stock. Right, and raising the price the
• 43:25
  Speaker 5: stock gives it a different profile. If a stock is
• 43:28
  Speaker 5: trading at one hundred and fifty dollars a share, it
• 43:31
  Speaker 5: has a different profile than the stock that's trading at
• 43:33
  Speaker 5: five dollars a share. Right, we're not even discussing the company.
• 43:36
  Speaker 5: It's to have looks from the inside from the outside in.
• 43:39
  Speaker 5: And so sometimes companies want to go from being Nike
• 43:42
  Speaker 5: to Louis Right, or from Louis to Nike right accessibility
• 43:45
  Speaker 5: in terms of their demographic the customers will say. Some
• 43:49
  Speaker 5: companies might say, hey, we're trading at seven hundred dollars
• 43:52
  Speaker 5: a year, and we want to make our stock more
• 43:54
  Speaker 5: accessible to people who can afford this range, say from
• 43:58
  Speaker 5: one to fifty to two hundred, right, And by doing
• 44:00
  Speaker 5: the stock split or buying back these shares or different
• 44:03
  Speaker 5: ideas they have, they're acting on what they think is
• 44:06
  Speaker 5: best for their company. And again it kind of all
• 44:08
  Speaker 5: ties into the ecosystem and everybody's going to do what's
• 44:12
  Speaker 5: best for what for them and who makes all decisions CEOs, CFOs,
• 44:19
  Speaker 5: coos right, and the perception of the stock on the market.
• 44:24
  Speaker 2: My graduates from my school being force back drop bag drop,
• 44:30
  Speaker 2: my drop back drop drop.
• 44:43
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