Hey guys and welcome to Money Talks News and the podcast. It's designed to make you richer one day at a time. I'm your host, Stacey Johnson. I've been investing in stocks for, I hate to say this, 45 years, and I have made millions of dollars in the stock market. Whitney is my friend, coworker, and novice investor, Aaron Freeman. Hello,

Hey guys and welcome to Money Talks News and the podcast. It's designed to make you richer one day at a time. I'm your host, Stacey Johnson. I've been investing in stocks for, I hate to say this, 45 years, and I have made millions of dollars in the stock market. Whitney is my friend, coworker, and novice investor, Aaron Freeman. Hello,

Aaron. Hello, which I have not made millions of dollars in the stock market.

Aaron. Hello, which I have not made millions of dollars in the stock market.

Hey, the day is young, my friend.

Hey, the day is young, my friend.

OK guys, today we're gonna talk about how to make money by investing in Trump 2.0. We're gonna start by recapping what we've already discussed before in other podcast, namely what should work under a Trump presidency. Then I'm gonna tell you about some more recent observations that I've been making and how I'm acting on those to make money before we begin though.

OK guys, today we're gonna talk about how to make money by investing in Trump 2.0. We're gonna start by recapping what we've already discussed before in other podcast, namely what should work under a Trump presidency. Then I'm gonna tell you about some more recent observations that I've been making and how I'm acting on those to make money before we begin though.

A standard warning. I'm gonna talk about specific investments, none of which may be appropriate for you. Consider these ideas, but remember this is risky business. Investing in stocks is risky. Always do your own research, make your own informed decision. Don't just blindly do what I'm doing because I'm not in the same financial situation you're in, OK?

A standard warning. I'm gonna talk about specific investments, none of which may be appropriate for you. Consider these ideas, but remember this is risky business. Investing in stocks is risky. Always do your own research, make your own informed decision. Don't just blindly do what I'm doing because I'm not in the same financial situation you're in, OK?

Let's let's begin.

Let's let's begin.

And I also before you start, Stacey, I'd also like to thank our subscribers, all of the new ones that come out that we've got new subscribers all the time, and I also want to tell everybody that please leave comments. Uh, there was a comment by Sandy who said thank you for clarifying Bond vigilantes a few days ago in our podcast. Things like that help us, you know, figure out what the what these shows should be about. Please comments we do read

And I also before you start, Stacey, I'd also like to thank our subscribers, all of the new ones that come out that we've got new subscribers all the time, and I also want to tell everybody that please leave comments. Uh, there was a comment by Sandy who said thank you for clarifying Bond vigilantes a few days ago in our podcast. Things like that help us, you know, figure out what the what these shows should be about. Please comments we do read

them here.

them here.

Yeah, yeah, we do read them, so.

Yeah, yeah, we do read them, so.

Anyway,

Anyway,

and also tell your friends and all that stuff too, uh, let's let's begin, Erin, by recapping what we discussed several times before, namely what's going on with Trump. I mean, you know, one thing about this guy is that he is very on the surface. I mean, you know what he's thinking because I don't think he keeps any thoughts to himself, so he, he's been, he's been very clear about what he wants to do.

and also tell your friends and all that stuff too, uh, let's let's begin, Erin, by recapping what we discussed several times before, namely what's going on with Trump. I mean, you know, one thing about this guy is that he is very on the surface. I mean, you know what he's thinking because I don't think he keeps any thoughts to himself, so he, he's been, he's been very clear about what he wants to do.

Um, for example, he has said he's into tariffs, right? He's trying to build up the American economy. He's trying to cut taxes, he's trying to cut regulation.

Um, for example, he has said he's into tariffs, right? He's trying to build up the American economy. He's trying to cut taxes, he's trying to cut regulation.

And these are big deals and they matter to certain segments of our economy. And so trying to focus on those segments may make you money. Now he may not be successful, but what he's saying and what and he and boy is he talking like he's only been, he's only been president for like 2 weeks and he has said a ton of things. So for example, the industrial sector, obviously what Trump wants to do is bring manufacturing back to America. Super clear he's been on that.

And these are big deals and they matter to certain segments of our economy. And so trying to focus on those segments may make you money. Now he may not be successful, but what he's saying and what and he and boy is he talking like he's only been, he's only been president for like 2 weeks and he has said a ton of things. So for example, the industrial sector, obviously what Trump wants to do is bring manufacturing back to America. Super clear he's been on that.

So investing in in the industrial sector might be a good idea.

So investing in in the industrial sector might be a good idea.

So companies involved in construction, machinery, manufacturing could be good ideas. Now there, there is a uh a sector fund, uh, an ETF, um, that's an exchange traded fund, in other words, a collection of stocks for those of you who are novices, uh, and so you can invest in a whole sector of the economy rather than one company which is generally gonna be safer, although taking a bet on the on one sector of the economy isn't as isn't as safe as buying the whole economy like with an S&P 500 index fund.

So companies involved in construction, machinery, manufacturing could be good ideas. Now there, there is a uh a sector fund, uh, an ETF, um, that's an exchange traded fund, in other words, a collection of stocks for those of you who are novices, uh, and so you can invest in a whole sector of the economy rather than one company which is generally gonna be safer, although taking a bet on the on one sector of the economy isn't as isn't as safe as buying the whole economy like with an S&P 500 index fund.

But there is an industrial sector, um, ETF, uh, and there's one called the industrial sector spider Fund. XLI is the symbol. We're gonna have all this stuff in our notes, I don't you have to write everything down or anything like that.

But there is an industrial sector, um, ETF, uh, and there's one called the industrial sector spider Fund. XLI is the symbol. We're gonna have all this stuff in our notes, I don't you have to write everything down or anything like that.

Another thing, the financial sector why the financial sector? Because of regulation or lack thereof as regulation goes away, some people are gonna get screwed because re regulations are supposed to protect the public, but these companies, banks, uh, things of that sort, financial firms, less regulation, less expense they have more money that they make.

Another thing, the financial sector why the financial sector? Because of regulation or lack thereof as regulation goes away, some people are gonna get screwed because re regulations are supposed to protect the public, but these companies, banks, uh, things of that sort, financial firms, less regulation, less expense they have more money that they make.

There's also a a an ETF for that sector. Uh, that's, uh, there's one called um XLF that's a popular one, that where you can invest in the financial sector. Also energy, has he been clear enough on energy? He wants us to drill baby drill. Yeah, what's that? Yeah, we heard that the other day. Yeah, he talks about it a lot.

There's also a a an ETF for that sector. Uh, that's, uh, there's one called um XLF that's a popular one, that where you can invest in the financial sector. Also energy, has he been clear enough on energy? He wants us to drill baby drill. Yeah, what's that? Yeah, we heard that the other day. Yeah, he talks about it a lot.

Um, so you can also invest in that sector. There's an ETF for that. XLE is probably one of the most popular ones. You can invest in the energy sector. Um, materials is another thing, um, mining, metals, chemicals, things of that sort, XLB focuses on that sector. So these sectors, if we're right, if Trump is successful in promoting these industries, then these things should benefit they should outperform the overall market. Makes sense?

Um, so you can also invest in that sector. There's an ETF for that. XLE is probably one of the most popular ones. You can invest in the energy sector. Um, materials is another thing, um, mining, metals, chemicals, things of that sort, XLB focuses on that sector. So these sectors, if we're right, if Trump is successful in promoting these industries, then these things should benefit they should outperform the overall market. Makes sense?

Yeah, you're basically saying deregulation.

Yeah, you're basically saying deregulation.

Supposedly lifts everybody up all these sectors because they get to do whatever they want willy nilly,

Supposedly lifts everybody up all these sectors because they get to do whatever they want willy nilly,

yes, and also of course remember too he's talking about reducing income taxes for companies that means more of the money goes to their bottom line just like it does when you and I pay less taxes we have more profit, right? We have more money in the bank. Same thing with companies and so almost every company should benefit from that every profitable company anyway should benefit from that, but especially these four sectors that I just mentioned should be good.

yes, and also of course remember too he's talking about reducing income taxes for companies that means more of the money goes to their bottom line just like it does when you and I pay less taxes we have more profit, right? We have more money in the bank. Same thing with companies and so almost every company should benefit from that every profitable company anyway should benefit from that, but especially these four sectors that I just mentioned should be good.

Now there are risks to this. For example, Trump uh puts on a whole bunch of tariffs which actually may occur almost any minute now. He's talked about putting on tariffs in Canada, uh Mexico and China. uh now what if they retaliate? That could be a risk to these strategies. um, also inflation, um, and increasing tariffs raises the price of the goods that we're importing.

Now there are risks to this. For example, Trump uh puts on a whole bunch of tariffs which actually may occur almost any minute now. He's talked about putting on tariffs in Canada, uh Mexico and China. uh now what if they retaliate? That could be a risk to these strategies. um, also inflation, um, and increasing tariffs raises the price of the goods that we're importing.

That could cause inflation.

That could cause inflation.

Now the other day, Trump said, in fact, I don't want to date our podcast, but just yesterday.

Now the other day, Trump said, in fact, I don't want to date our podcast, but just yesterday.

Um, the chairman of the Federal Reserve decided not to lower interest rates, although he had indicated some months ago that it was time to start lowering them. He didn't. Why didn't he? He doesn't know what's gonna happen with tariffs. He doesn't know what's gonna happen in general. This is a lot of upheaval that's going on in the economy, Erin, and so no one knows exactly what's gonna happen. And so the Fed goes based on data.

Um, the chairman of the Federal Reserve decided not to lower interest rates, although he had indicated some months ago that it was time to start lowering them. He didn't. Why didn't he? He doesn't know what's gonna happen with tariffs. He doesn't know what's gonna happen in general. This is a lot of upheaval that's going on in the economy, Erin, and so no one knows exactly what's gonna happen. And so the Fed goes based on data.

And if the data suggests that tariffs or uh or economic expansion is creating more demand and causing uh inflation to rise again, then he's he's he could actually even raise interest rates, but he's certainly not gonna lower them until he has some idea that the economy is beginning to slow.

And if the data suggests that tariffs or uh or economic expansion is creating more demand and causing uh inflation to rise again, then he's he's he could actually even raise interest rates, but he's certainly not gonna lower them until he has some idea that the economy is beginning to slow.

So that's another uh another risk also market volatility.

So that's another uh another risk also market volatility.

I mean, you know, the market, I don't know if you watch it every day, Aaron, but I watch it, you know, constantly all day every day.

I mean, you know, the market, I don't know if you watch it every day, Aaron, but I watch it, you know, constantly all day every day.

Well, yeah, as soon as there's word of of one way or the other, I mean, the other day we had what Deepse came out, you know, and all of a sudden Nvidia tanks and elsetanks because they're like, what is this, you know, and then all of a sudden everybody comes out of the woodwork and, uh, oh no, they're stealing information from OpenAI they're doing the dirt all of a sudden, you know, the press comes out with trying to like downplay the whole scenario. So yeah, anything comes out or Trump just says something on on the wind.

Well, yeah, as soon as there's word of of one way or the other, I mean, the other day we had what Deepse came out, you know, and all of a sudden Nvidia tanks and elsetanks because they're like, what is this, you know, and then all of a sudden everybody comes out of the woodwork and, uh, oh no, they're stealing information from OpenAI they're doing the dirt all of a sudden, you know, the press comes out with trying to like downplay the whole scenario. So yeah, anything comes out or Trump just says something on on the wind.

And that moves the market.

And that moves the market.

Yep, and you and you know, actually something that Trump has hinted at just recently is that he may make invidious chips more difficult to export to China.

Yep, and you and you know, actually something that Trump has hinted at just recently is that he may make invidious chips more difficult to export to China.

So in other words that could curtail their sales, right? So what did Stacey do just before this podcast? I, I put $10,000 into Nvidia, um, and I think 2021 and it was worth about $250,000. Um, so just before this podcast, I sold half of my Nvidia. I sold 1000 shares of Nvidia at around $120 a share, which is a bummer because it was as high as $150 not long ago, uh but but but you know, I made um.

So in other words that could curtail their sales, right? So what did Stacey do just before this podcast? I, I put $10,000 into Nvidia, um, and I think 2021 and it was worth about $250,000. Um, so just before this podcast, I sold half of my Nvidia. I sold 1000 shares of Nvidia at around $120 a share, which is a bummer because it was as high as $150 not long ago, uh but but but you know, I made um.

$115,000 on that trade. What's that? Nothing wrong with that. No. And the reason I did is because, you know, there may be breakthroughs that making Nvidia chips not as necessary, uh, and also because Trump said that he said we may, I mean he's hinted.

$115,000 on that trade. What's that? Nothing wrong with that. No. And the reason I did is because, you know, there may be breakthroughs that making Nvidia chips not as necessary, uh, and also because Trump said that he said we may, I mean he's hinted.

That because you know he hates China, right? So he has hinted that maybe he won't allow the export of their most sophisticated chips. He already already those aren't allowed to be exported, but even some of their less sophisticated chips may not go to China. That's gonna hurt their sales. I'd rather bag a profit here and I'll tell you why. I'll give you another reason why as we continue. Got any questions so far, Erin?

That because you know he hates China, right? So he has hinted that maybe he won't allow the export of their most sophisticated chips. He already already those aren't allowed to be exported, but even some of their less sophisticated chips may not go to China. That's gonna hurt their sales. I'd rather bag a profit here and I'll tell you why. I'll give you another reason why as we continue. Got any questions so far, Erin?

Oh, I have a lot of questions, but I'll probably make the podcast way longer than it needs to be.

Oh, I have a lot of questions, but I'll probably make the podcast way longer than it needs to be.

OK, well, let me, let me plow on because this is something that's really interesting, guys that I just noticed now remember Trump's only been in office for a couple of weeks, but I want to tell you the three major headlines on CNBC yesterday and here they are.

OK, well, let me, let me plow on because this is something that's really interesting, guys that I just noticed now remember Trump's only been in office for a couple of weeks, but I want to tell you the three major headlines on CNBC yesterday and here they are.

Trump media surges after expansion into financial services including crypto and ETF ETFs rather. OK, so in other words, Trump is getting into the financial services industry while he's the president of the United States. This is a money grab and who is sitting on the dais with him when he's getting sworn in?

Trump media surges after expansion into financial services including crypto and ETF ETFs rather. OK, so in other words, Trump is getting into the financial services industry while he's the president of the United States. This is a money grab and who is sitting on the dais with him when he's getting sworn in?

Elon Elon Musk also Mark Zuckerberg of Facebook, also the head of Google uh so.

Elon Elon Musk also Mark Zuckerberg of Facebook, also the head of Google uh so.

The the billionaires are running are are certainly having influence over this government and this is the this is the observation that I made the other day if these guys have this much influence, I mean Trump is getting into financial services. Do you think he's gonna allow regulations to hurt him?

The the billionaires are running are are certainly having influence over this government and this is the this is the observation that I made the other day if these guys have this much influence, I mean Trump is getting into financial services. Do you think he's gonna allow regulations to hurt him?

So be on that team. This is, this is the purpose of this podcast,

So be on that team. This is, this is the purpose of this podcast,

whether you agree with it or not is what you're saying like is whether you agree with how the system is being run. I mean, you and I talked the other day about this being like similar to the gilded Age and stuff like that. But whether you agree with what they're doing, we have no control over it or not, but you're basically saying, look at this, this is how you can make some money too, like off these, whatever it is they're choosing to do with the laws.

whether you agree with it or not is what you're saying like is whether you agree with how the system is being run. I mean, you and I talked the other day about this being like similar to the gilded Age and stuff like that. But whether you agree with what they're doing, we have no control over it or not, but you're basically saying, look at this, this is how you can make some money too, like off these, whatever it is they're choosing to do with the laws.

Yeah, I, I don't mean to be indelicate, but this is a time more so than any other time since I've been investing in the stock market where it's patently obvious that being a rich guy is going to benefit you, a rich white guy even you might say. I mean really it's obvious what's gonna happen here. Do you think Elon Musk is gonna have some issues with regulations? He, he paid $250 million to get this guy elected. Trump himself is, is trying to make money as we speak.

Yeah, I, I don't mean to be indelicate, but this is a time more so than any other time since I've been investing in the stock market where it's patently obvious that being a rich guy is going to benefit you, a rich white guy even you might say. I mean really it's obvious what's gonna happen here. Do you think Elon Musk is gonna have some issues with regulations? He, he paid $250 million to get this guy elected. Trump himself is, is trying to make money as we speak.

You know, in these areas, so I don't whether I don't care whether it's right or wrong, that's a whole another podcast, but it is happening and I wanna be on the team that's that's gonna win right? if I'm gonna invest my hard earned money. OK, now that was the first, that was the first thing. Now, second headline, these are 3 main headlines from yesterday. second headline.

You know, in these areas, so I don't whether I don't care whether it's right or wrong, that's a whole another podcast, but it is happening and I wanna be on the team that's that's gonna win right? if I'm gonna invest my hard earned money. OK, now that was the first, that was the first thing. Now, second headline, these are 3 main headlines from yesterday. second headline.

Elon Musk X begins its push into financial services with Visa deal.

Elon Musk X begins its push into financial services with Visa deal.

OK. I think he's gonna run into some regulatory headwinds? OK, last one.

OK. I think he's gonna run into some regulatory headwinds? OK, last one.

Crypto industry gets quick return on Trump investment after pouring millions into campaign.

Crypto industry gets quick return on Trump investment after pouring millions into campaign.

One of the main things, crypto, the crypto industry port.

One of the main things, crypto, the crypto industry port.

I'm gonna say hundreds of millions of dollars into Trump's campaign because they want less regulation. Have you heard the guy saying he's gonna create a, a, a crypto, um, what's it called, um, he's gonna get a pile of crypto from the United States, um, so.

I'm gonna say hundreds of millions of dollars into Trump's campaign because they want less regulation. Have you heard the guy saying he's gonna create a, a, a crypto, um, what's it called, um, he's gonna get a pile of crypto from the United States, um, so.

He's not gonna do anything to hurt crypto. He's not gonna have regulations. Now those regulations may may involve regular consumers getting screwed because that's what regulations are for, is to keep people from getting screwed. But this is what's gonna happen. So what Stacey did, what I did was I bought another, I, I own some crypto now. Do I like crypto? I think crypto is a Ponzi scheme. I hate it. I think it has no intrinsic value whatsoever, but I put another 100 in it the other day.

He's not gonna do anything to hurt crypto. He's not gonna have regulations. Now those regulations may may involve regular consumers getting screwed because that's what regulations are for, is to keep people from getting screwed. But this is what's gonna happen. So what Stacey did, what I did was I bought another, I, I own some crypto now. Do I like crypto? I think crypto is a Ponzi scheme. I hate it. I think it has no intrinsic value whatsoever, but I put another 100 in it the other day.

Because that's where this is going. That's in fact, I'm gonna tell you next is um I'm gonna quote somebody who was, who was doing um a couple of really smart guys uh and they said, you wanna go where you wanna guess where the puck is going.

Because that's where this is going. That's in fact, I'm gonna tell you next is um I'm gonna quote somebody who was, who was doing um a couple of really smart guys uh and they said, you wanna go where you wanna guess where the puck is going.

OK.

OK.

So where do you think the puck is going? The puck is going to people who support Trump and people who are making money from Trump. So that's where I'm gonna be. Whether or not I like crypto, I think it's gonna go higher because

So where do you think the puck is going? The puck is going to people who support Trump and people who are making money from Trump. So that's where I'm gonna be. Whether or not I like crypto, I think it's gonna go higher because

There's nothing to keep it from happening.

There's nothing to keep it from happening.

Does that make sense?

Does that make sense?

Makes sense.

Makes sense.

Do you own any crypto?

Do you own any crypto?

I did a long, long, long time ago and once I thought I thought it was a Ponzi scheme, I got out of it and decided, you know, buy houses instead. And,

I did a long, long, long time ago and once I thought I thought it was a Ponzi scheme, I got out of it and decided, you know, buy houses instead. And,

and

and

I'm not the only one who's saying this. Uh, I mean, I'm not the only one who's following the the money, OK? Obviously a lot of people are, and when everybody piles into a trade, and especially when that trade becomes overbought, then there's always the risk of severe downside.

I'm not the only one who's saying this. Uh, I mean, I'm not the only one who's following the the money, OK? Obviously a lot of people are, and when everybody piles into a trade, and especially when that trade becomes overbought, then there's always the risk of severe downside.

Right, and that's why one has to be very careful. I mean, in general, if I'm advising you how to invest, Erin, I'm gonna tell you to buy stocks whose, um, whose earnings are not or whose stock price is not so in excess of its earnings that it's nonsensical. For example, if a, if a company like Microsoft, uh, which I own, uh, Microsoft uh historically trades at a price earnings ratio of 20.

Right, and that's why one has to be very careful. I mean, in general, if I'm advising you how to invest, Erin, I'm gonna tell you to buy stocks whose, um, whose earnings are not or whose stock price is not so in excess of its earnings that it's nonsensical. For example, if a, if a company like Microsoft, uh, which I own, uh, Microsoft uh historically trades at a price earnings ratio of 20.

That means, um, if a stock's $200 and it earns $10 a share, then then that's a 20% price earnings ratio. Now, if Microsoft typically trades at 20 times earnings, and now it's trading at 40 times earnings, then that increases the risk, right? And

That means, um, if a stock's $200 and it earns $10 a share, then then that's a 20% price earnings ratio. Now, if Microsoft typically trades at 20 times earnings, and now it's trading at 40 times earnings, then that increases the risk, right? And

that's high risk but I explain to people what 40 times earnings actually

that's high risk but I explain to people what 40 times earnings actually

means.

means.

OK, a price earnings ratio, there, there's trailing 12 months earnings and then there's future earnings, estimated earnings for the next year.

OK, a price earnings ratio, there, there's trailing 12 months earnings and then there's future earnings, estimated earnings for the next year.

So if Microsoft is trading at 40 times earnings and it's expected to earn $10 a share, then it would be trading at $400 a share, OK? So it's trading at 40 times that $10 earnings. That's what it's expected to earn in the next year. Historically though, it's only traded at 20 times earnings. So that stock is is overvalued, right? So if, if that price earnings ratio compresses back to 20, you've lost half your money.

So if Microsoft is trading at 40 times earnings and it's expected to earn $10 a share, then it would be trading at $400 a share, OK? So it's trading at 40 times that $10 earnings. That's what it's expected to earn in the next year. Historically though, it's only traded at 20 times earnings. So that stock is is overvalued, right? So if, if that price earnings ratio compresses back to 20, you've lost half your money.

The, the problem is and what we've seen actually for many months now is that the whole stock market is overvalued historically way overvalued and especially since Trump's become president, hey, Elon Musk, um, uh, what's what's his uh car called? The uh the Tesla Tesla has has doubled, doubled.

The, the problem is and what we've seen actually for many months now is that the whole stock market is overvalued historically way overvalued and especially since Trump's become president, hey, Elon Musk, um, uh, what's what's his uh car called? The uh the Tesla Tesla has has doubled, doubled.

In price in since Trump became president.

In price in since Trump became president.

And actually just yesterday they announced their earnings and they missed on every single metric.

And actually just yesterday they announced their earnings and they missed on every single metric.

In other words, they didn't earn as much as they were supposed to, they didn't get as much revenue as they were supposed to get, and guess what the stock did? It went up.

In other words, they didn't earn as much as they were supposed to, they didn't get as much revenue as they were supposed to get, and guess what the stock did? It went up.

Because nothing bad is gonna happen. Well, also, you know, Musk got online and told people he was gonna have robotaxis this year and he's gonna have robots, you know, and all that. And maybe that's true. I mean, you know, that's what

Because nothing bad is gonna happen. Well, also, you know, Musk got online and told people he was gonna have robotaxis this year and he's gonna have robots, you know, and all that. And maybe that's true. I mean, you know, that's what

he does, he deflects. He always, yeah, but but that's the world we live in. That's the other question I have for you, much like this podcast where you're talking about everything every day.

he does, he deflects. He always, yeah, but but that's the world we live in. That's the other question I have for you, much like this podcast where you're talking about everything every day.

We live now in this world where.

We live now in this world where.

We even have Reddit guys in the investment system. There's whole threads. Guys, this is what we're going to invest today. This is what we're gonna do. We're gonna, we're gonna jack this up. I mean, this is the system we live in today. And as me and my wife would talk about this, you know, a lot of we stay on the stock market because a lot of this because we're like,

We even have Reddit guys in the investment system. There's whole threads. Guys, this is what we're going to invest today. This is what we're gonna do. We're gonna, we're gonna jack this up. I mean, this is the system we live in today. And as me and my wife would talk about this, you know, a lot of we stay on the stock market because a lot of this because we're like,

It's, it's not where we're investing anymore. It's almost like there's so much roth that it scares you away from it. Like you said, there's PE ratios that are 40 times earnings, you know, and, and all of these guys are just pushing the market this way. You have Elon Musk, you have Donald Trump just saying wherever they want willy nilly, and that changes the market. It's like, but where?

It's, it's not where we're investing anymore. It's almost like there's so much roth that it scares you away from it. Like you said, there's PE ratios that are 40 times earnings, you know, and, and all of these guys are just pushing the market this way. You have Elon Musk, you have Donald Trump just saying wherever they want willy nilly, and that changes the market. It's like, but where?

Where is that standard line and now the stock market was like this, but it's like that's not reality.

Where is that standard line and now the stock market was like this, but it's like that's not reality.

And then you got, you got pressure like bricks, you know, which is pressuring in on the American dollar, you know, and that's pressuring our whole empire and the value of the dollar, which is personally to me is why all of these rich guys are freaking out and why Donald Trump is freaking out.

And then you got, you got pressure like bricks, you know, which is pressuring in on the American dollar, you know, and that's pressuring our whole empire and the value of the dollar, which is personally to me is why all of these rich guys are freaking out and why Donald Trump is freaking out.

So within that, I have a hard time with this whole like getting on board with what you're saying so.

So within that, I have a hard time with this whole like getting on board with what you're saying so.

As you said, I mean, Tesla is basically a meme stock now.

As you said, I mean, Tesla is basically a meme stock now.

And, and by that I mean it, it like, like uh crypto, not tethered to reality in any damn way. Now, here's the thing, market, the market is overvalued and particularly in technology, not every stock is overvalued in the market today, but many are.

And, and by that I mean it, it like, like uh crypto, not tethered to reality in any damn way. Now, here's the thing, market, the market is overvalued and particularly in technology, not every stock is overvalued in the market today, but many are.

Uh, and, and the problem is stocks can remain overvalued for years. They can also grow into their earnings. In other words, if you've got a stock trading at a 40 PE and it starts making a hell of a lot more money, then that PE starts shrinking and it could be back to normal, right? So if the economy expands, what people are doing when they're betting on stuff like this is they're saying, OK, fine, Tesla's not doing well today, but when those robots come out and when those robo taxis come out.

Uh, and, and the problem is stocks can remain overvalued for years. They can also grow into their earnings. In other words, if you've got a stock trading at a 40 PE and it starts making a hell of a lot more money, then that PE starts shrinking and it could be back to normal, right? So if the economy expands, what people are doing when they're betting on stuff like this is they're saying, OK, fine, Tesla's not doing well today, but when those robots come out and when those robo taxis come out.

It's gonna be he's gonna be making a fortune and that and it's gonna grow in its earnings are grow into its share price. Now is that true? Maybe, maybe not, and this is OK. There was a dotcom. Now you weren't investing for sure back in the year 2000. I was, I was on, I was doing commentary on television and uh people were buying stuff that made no sense, uh, you know, in other words when the internet first became a thing.

It's gonna be he's gonna be making a fortune and that and it's gonna grow in its earnings are grow into its share price. Now is that true? Maybe, maybe not, and this is OK. There was a dotcom. Now you weren't investing for sure back in the year 2000. I was, I was on, I was doing commentary on television and uh people were buying stuff that made no sense, uh, you know, in other words when the internet first became a thing.

People were buying stuff that made no sense whatsoever. The the companies that were going public weren't even making a profit, and they never did, you know, a lot of them went out of business. Some obviously stayed alive, but it was just rampant, um, you know, betting.

People were buying stuff that made no sense whatsoever. The the companies that were going public weren't even making a profit, and they never did, you know, a lot of them went out of business. Some obviously stayed alive, but it was just rampant, um, you know, betting.

Really, speculation is the word I was groping for, uh, and that, and there's some of that in the market today. Now that doesn't mean it can't stay over overvalued for a long time, but that's why I said at the beginning of this podcast.

Really, speculation is the word I was groping for, uh, and that, and there's some of that in the market today. Now that doesn't mean it can't stay over overvalued for a long time, but that's why I said at the beginning of this podcast.

Pay your money and take your chances, you know, but don't, don't take what I'm doing because I have, I have lots of money, you know, I've been doing this for a really long time and I know the risk, uh, and if you don't, you're, you're best staying with things that do make sense, things with with normal price earnings ratios and just waiting, you know,

Pay your money and take your chances, you know, but don't, don't take what I'm doing because I have, I have lots of money, you know, I've been doing this for a really long time and I know the risk, uh, and if you don't, you're, you're best staying with things that do make sense, things with with normal price earnings ratios and just waiting, you know,

that's pretty much the key what you said just right there because.

that's pretty much the key what you said just right there because.

OK, let's say like you, you've got, you don't need any more money. You, you know, you're playing with money that you've actually earned in the stock market and you're seeing where it goes. You make more, great, it's awesome. So let's say like me, we don't have a whole lot of money to just mess with and throw away, but we're like, we got to stay focused. Now I saw something the other day about there was a Defiance ETF, I think it was called, I'm not really sure of the name of it, but basically it took out the Mag 7.

OK, let's say like you, you've got, you don't need any more money. You, you know, you're playing with money that you've actually earned in the stock market and you're seeing where it goes. You make more, great, it's awesome. So let's say like me, we don't have a whole lot of money to just mess with and throw away, but we're like, we got to stay focused. Now I saw something the other day about there was a Defiance ETF, I think it was called, I'm not really sure of the name of it, but basically it took out the Mag 7.

And invested in the rest of the S&P 500. Would you suggest something

And invested in the rest of the S&P 500. Would you suggest something

like that?

like that?

Yes, yes, I would. There's also what's called, OK, let me back up a step. The S&P 500 is now dominated by the Mag 7, and I, I ordinarily might be able to rattle off all 7, but I'm not gonna try to do right this second, but you know what they are. They're Microsoft, they're Apple, you know, blah blah blah, um, they're Tesla, um.

Yes, yes, I would. There's also what's called, OK, let me back up a step. The S&P 500 is now dominated by the Mag 7, and I, I ordinarily might be able to rattle off all 7, but I'm not gonna try to do right this second, but you know what they are. They're Microsoft, they're Apple, you know, blah blah blah, um, they're Tesla, um.

But anyway, oh, Amazon, um, now I'm rattling them off anyway, um, anyway, it those stocks, the S&P 500 is capitalization weighted. In other words, those, those stocks, only 7 of them have an over over um input into what the whole value of the S&P 500 is. So there's also called, that's market weighted. There's there's also called a um equal weighted S&P 500, which is equal weight to all 500 stocks in the index.

But anyway, oh, Amazon, um, now I'm rattling them off anyway, um, anyway, it those stocks, the S&P 500 is capitalization weighted. In other words, those, those stocks, only 7 of them have an over over um input into what the whole value of the S&P 500 is. So there's also called, that's market weighted. There's there's also called a um equal weighted S&P 500, which is equal weight to all 500 stocks in the index.

Now that would be the most conservative thing you could do. Essentially, like you said, taking out the 7 that are the tail that's wagging the dog. It is if you're a normal investor, and by the way, I own an S&P 500 index fund. I own lots of it. I mean, I have a few million dollars in the stock market, so I, I do own, uh, funds.

Now that would be the most conservative thing you could do. Essentially, like you said, taking out the 7 that are the tail that's wagging the dog. It is if you're a normal investor, and by the way, I own an S&P 500 index fund. I own lots of it. I mean, I have a few million dollars in the stock market, so I, I do own, uh, funds.

That invest in everything, invest in the whole American economy and I also do things like buy Nvidia, you know, and I, I, I've owned, I own, I, I bought uh Apple in 2001. I've owned Microsoft for many years, you know, so I own individual stocks, but these are things that I'm willing to take a risk on and that I understand and that I've been doing for a really long time.

That invest in everything, invest in the whole American economy and I also do things like buy Nvidia, you know, and I, I, I've owned, I own, I, I bought uh Apple in 2001. I've owned Microsoft for many years, you know, so I own individual stocks, but these are things that I'm willing to take a risk on and that I understand and that I've been doing for a really long time.

So if you're not that person, if you're not like me and you don't want to gamble, then you are better off getting an equal weighted S&P 500 index fund and just being patient. If it doesn't bother you to see these things go to the moon when you're not on them, but another thing you can do too is both.

So if you're not that person, if you're not like me and you don't want to gamble, then you are better off getting an equal weighted S&P 500 index fund and just being patient. If it doesn't bother you to see these things go to the moon when you're not on them, but another thing you can do too is both.

You can have a substantial part of your savings, your long term savings into an S&P 500 fund, and then you can take, I think I'll take a risk on, you know, the industrial sector with a, with an ETF or the technology sector with an ETF. In fact, I'm about to give you another couple of ideas in that, in that same

You can have a substantial part of your savings, your long term savings into an S&P 500 fund, and then you can take, I think I'll take a risk on, you know, the industrial sector with a, with an ETF or the technology sector with an ETF. In fact, I'm about to give you another couple of ideas in that, in that same

regard.

regard.

Would you say if I had a lump sum of money to invest, would you say 70% in the no risk and then split.

Would you say if I had a lump sum of money to invest, would you say 70% in the no risk and then split.

The 30% in between all of the other sectors.

The 30% in between all of the other sectors.

Well, remember, this isn't no risk. The market can go down 25%

Well, remember, this isn't no risk. The market can go down 25%

a year. This is very true. I mean,

a year. This is very true. I mean,

less risk. And remember too, I think also, and I've said this on this podcast, the market just went up 25% 2 years in a row.

less risk. And remember too, I think also, and I've said this on this podcast, the market just went up 25% 2 years in a row.

I mean, do you know how odd how often that happens? Almost never. And you know what the average, what you know what this is, Aaron. I don't wanna put you on the spot. What's the average return for the stock market over the last 100 years?

I mean, do you know how odd how often that happens? Almost never. And you know what the average, what you know what this is, Aaron. I don't wanna put you on the spot. What's the average return for the stock market over the last 100 years?

100 years. It's like, what is it 6%? Well,

100 years. It's like, what is it 6%? Well,

it's more than that. It's, well, with, with reinvested dividends, it's close to 10%,

it's more than that. It's, well, with, with reinvested dividends, it's close to 10%,

10%, yeah,

10%, yeah,

OK. And so the stock market just went up 25% 2 years in a row.

OK. And so the stock market just went up 25% 2 years in a row.

You would probably agree that sooner or later it's gonna revert to the mean and the and the only way you can do that is to go down. And in fact in 2001, Aaron, when I was on TV doing this, I said those exact words just before the market crashed, uh, before the dot-com bubble burst because Mark, you know, trees don't go to the sky, folks so sooner or later this stuff's gonna go, it's gonna go against you. It's gonna go south, uh, and you know how long that takes.

You would probably agree that sooner or later it's gonna revert to the mean and the and the only way you can do that is to go down. And in fact in 2001, Aaron, when I was on TV doing this, I said those exact words just before the market crashed, uh, before the dot-com bubble burst because Mark, you know, trees don't go to the sky, folks so sooner or later this stuff's gonna go, it's gonna go against you. It's gonna go south, uh, and you know how long that takes.

Who the hell knows? I

Who the hell knows? I

don't, whether it does in our lifetime or not, we don't

don't, whether it does in our lifetime or not, we don't

know. Oh, you know, we'll probably do it in our lifetime. I mean, maybe not my lifetime a lot younger than me, but I know, I'm sure it'll happen. I'm sure that we'll have a market that goes down in my lifetime. Absolutely.

know. Oh, you know, we'll probably do it in our lifetime. I mean, maybe not my lifetime a lot younger than me, but I know, I'm sure it'll happen. I'm sure that we'll have a market that goes down in my lifetime. Absolutely.

Well,

Well,

good, that's good to know. That means keep a little bit of money on the side then. Oh

good, that's good to know. That means keep a little bit of money on the side then. Oh

yeah, and and and by the way, I'm not invest. I mean I have a lot of money in the stock market, but I have a lot of money that is in the stock market too, uh, so you know I'm I'm not all in.

yeah, and and and by the way, I'm not invest. I mean I have a lot of money in the stock market, but I have a lot of money that is in the stock market too, uh, so you know I'm I'm not all in.

Uh, actually I'm a very, it sounds like I'm a wild gambler, but I'm a very conservative guy and so you know when when the stocks are getting high, uh, you know what, the most, the most I've invested was 2008, 2009, actually in March of 2009, I, I backed up the truck because the stock market was horrible and I figured, I mean GE was like 7. I bought, I bought, uh, JP Morgan at $25 and it's now at $260.

Uh, actually I'm a very, it sounds like I'm a wild gambler, but I'm a very conservative guy and so you know when when the stocks are getting high, uh, you know what, the most, the most I've invested was 2008, 2009, actually in March of 2009, I, I backed up the truck because the stock market was horrible and I figured, I mean GE was like 7. I bought, I bought, uh, JP Morgan at $25 and it's now at $260.

Uh, because, in other words, what I'm trying to say is I tried to buy stocks when they're cheap, not when they're expensive,

Uh, because, in other words, what I'm trying to say is I tried to buy stocks when they're cheap, not when they're expensive,

but you might have missed a few of those in the beginning of your career and you saw it there because you went by the old Warren Buffett adage, don't bet against America.

but you might have missed a few of those in the beginning of your career and you saw it there because you went by the old Warren Buffett adage, don't bet against America.

Yeah, that's, that's why I backed up the truck and bought a bunch of stocks in 2009 because I, you know, either, either the market's gonna go up sooner or later, or you, you best be buying shotguns and canned goods.

Yeah, that's, that's why I backed up the truck and bought a bunch of stocks in 2009 because I, you know, either, either the market's gonna go up sooner or later, or you, you best be buying shotguns and canned goods.

Because you know if we're gonna go to zero, then we're all in trouble. If we're not gonna go to zero, then buy when everything's going to hell, you know, when everyone thinks the sky is falling, that's really when to buy. This really isn't. The stock market's really overvalued now, but I'm just trying to give you some ideas of things that I'm doing, and you know, along with those, uh, provisos, you know.

Because you know if we're gonna go to zero, then we're all in trouble. If we're not gonna go to zero, then buy when everything's going to hell, you know, when everyone thinks the sky is falling, that's really when to buy. This really isn't. The stock market's really overvalued now, but I'm just trying to give you some ideas of things that I'm doing, and you know, along with those, uh, provisos, you know.

Now I wanna, I wanna mention one more thing. I know we've probably already gone over, but I'll mention one more thing. I was watching a couple of guys on CNBC the other day. I watch a lot of CNBC and I read a lot of CNBC and other websites as well. OK, anyway, these guys, uh, Peter Collins and Vincent Daniel are their names, and they were one of the people, one of, one of the team that was in the Big Short.

Now I wanna, I wanna mention one more thing. I know we've probably already gone over, but I'll mention one more thing. I was watching a couple of guys on CNBC the other day. I watch a lot of CNBC and I read a lot of CNBC and other websites as well. OK, anyway, these guys, uh, Peter Collins and Vincent Daniel are their names, and they were one of the people, one of, one of the team that was in the Big Short.

So they, they bet against the housing market in 2009, 2008, and they made hundreds of millions of dollars.

So they, they bet against the housing market in 2009, 2008, and they made hundreds of millions of dollars.

They started off with like

They started off with like

$200,000 they made like $120 million and OK, so now they run a hedge fund. It's actually just their own. They don't really take other investors. They made 66% last year. Wow. And one of the things they did to make that was they bought a stock that doubled and that stock was Fannie Mae and Freddie Mac, two stocks.

$200,000 they made like $120 million and OK, so now they run a hedge fund. It's actually just their own. They don't really take other investors. They made 66% last year. Wow. And one of the things they did to make that was they bought a stock that doubled and that stock was Fannie Mae and Freddie Mac, two stocks.

OK, these are quasi-governmental organizations that still have public, they're basically run by the government, but they still have stock and the stock is like 12.

OK, these are quasi-governmental organizations that still have public, they're basically run by the government, but they still have stock and the stock is like 12.

And because Trump was coming in.

And because Trump was coming in.

What Trump because Trump had mentioned reprivatizing these companies when he was president before.

What Trump because Trump had mentioned reprivatizing these companies when he was president before.

And when they realized that he might become president, they bought into these stocks at like 2, and now they're 6.

And when they realized that he might become president, they bought into these stocks at like 2, and now they're 6.

And so these guys made a ton of money by seeing where the puck was going.

And so these guys made a ton of money by seeing where the puck was going.

Right? And so what I wanted to tell you was, before we quit today, is what they suggested doing now.

Right? And so what I wanted to tell you was, before we quit today, is what they suggested doing now.

And this is gonna sound weird.

And this is gonna sound weird.

But they suggested not being in these stocks that are trading at 40 times earnings and going to other countries where stocks are still cheap.

But they suggested not being in these stocks that are trading at 40 times earnings and going to other countries where stocks are still cheap.

And those two countries that they mentioned were Brazil and China.

And those two countries that they mentioned were Brazil and China.

And what I'm gonna do, OK, uh, they, they do have ETFs too, of course, uh, but, but OK, Alibaba is a is one of the biggest companies in China. I'm sure most people are familiar with it, but they're they're not they they sell products.

And what I'm gonna do, OK, uh, they, they do have ETFs too, of course, uh, but, but OK, Alibaba is a is one of the biggest companies in China. I'm sure most people are familiar with it, but they're they're not they they sell products.

But they also are just like Google, they're doing AI they have, you know, cloud services and all this other stuff, and they're trading at 11 times earnings. Google's trading at 30, 40 even. I don't even know, it's high.

But they also are just like Google, they're doing AI they have, you know, cloud services and all this other stuff, and they're trading at 11 times earnings. Google's trading at 30, 40 even. I don't even know, it's high.

So they're going to places they're saying we're not investing in these companies that are already overvalued, we're gonna go where the where the money isn't and then we're gonna be patient and we're gonna wait. If the dollar falls, and that's that's a big if because tariffs could make the dollar go higher. I'm not gonna get the weeds on the dollar, but if the dollar falls, these companies, these.

So they're going to places they're saying we're not investing in these companies that are already overvalued, we're gonna go where the where the money isn't and then we're gonna be patient and we're gonna wait. If the dollar falls, and that's that's a big if because tariffs could make the dollar go higher. I'm not gonna get the weeds on the dollar, but if the dollar falls, these companies, these.

Countries could become spots where people want to go. And so these guys are trying to guess where the puck is heading. They think the dollar could fall. They think Brazil and China could be good bets. And so I have not done this yet. I'm literally gonna do this before we got on the podcast. I, I sold, as I said, uh, half my Nvidia and I'm gonna buy Alibaba.

Countries could become spots where people want to go. And so these guys are trying to guess where the puck is heading. They think the dollar could fall. They think Brazil and China could be good bets. And so I have not done this yet. I'm literally gonna do this before we got on the podcast. I, I sold, as I said, uh, half my Nvidia and I'm gonna buy Alibaba.

And now, big risk, because obviously one thing you know about Trump is that he's not a fan of China. But it is what these guys are smart.

And now, big risk, because obviously one thing you know about Trump is that he's not a fan of China. But it is what these guys are smart.

But then again,

But then again,

Let's remember that these guys designed bricks together, says one like in the early 90s. And let's remember that combined, these guys have grown, bricks has grown as a value. Um correct me wrong, but I believe it's a, it's a digital currency amongst these, these countries that have gone together. Trump shouted out what in November, you know, it's like, what did he say something about um.

Let's remember that these guys designed bricks together, says one like in the early 90s. And let's remember that combined, these guys have grown, bricks has grown as a value. Um correct me wrong, but I believe it's a, it's a digital currency amongst these, these countries that have gone together. Trump shouted out what in November, you know, it's like, what did he say something about um.

When you say, so we require a commit from these countries, they'll never see BRICS currency will never be backed by the US dollar and blah blah blah blah blah. So you know, I'll turf the crap out of you. Then literally two months later, Indonesia joins BRICS, you know, a country of 285 million people. Um, so I understand what you're saying with these guys invest in it. I mean, this is a force that doesn't seem to be stopping.

When you say, so we require a commit from these countries, they'll never see BRICS currency will never be backed by the US dollar and blah blah blah blah blah. So you know, I'll turf the crap out of you. Then literally two months later, Indonesia joins BRICS, you know, a country of 285 million people. Um, so I understand what you're saying with these guys invest in it. I mean, this is a force that doesn't seem to be stopping.

Yeah, now what Trump has said to know these guys, OK, first of all, let's explain what Brick says. This is a bunch of emerging markets.

Yeah, now what Trump has said to know these guys, OK, first of all, let's explain what Brick says. This is a bunch of emerging markets.

Yeah, uh, the C's for China, the Bs for Brazil, Russia is our, um, and, uh, anyway, so that they, they're getting together and saying screw the dollar, we're gonna have our own currency because the dollar being the dominant currency in the world is super helpful to the United States, uh, for many reasons. So but what now what Trump has said just in the last week is if you try to usurp the dollar as the world's currency, we're gonna tear up the hell out of you.

Yeah, uh, the C's for China, the Bs for Brazil, Russia is our, um, and, uh, anyway, so that they, they're getting together and saying screw the dollar, we're gonna have our own currency because the dollar being the dominant currency in the world is super helpful to the United States, uh, for many reasons. So but what now what Trump has said just in the last week is if you try to usurp the dollar as the world's currency, we're gonna tear up the hell out of you.

So he's, he's out there using tariffs not as a, as a bargaining tool for trade, but as a threat. He, he's throwing the United States tremendous economic wealth around and threatening other countries with it just like you did with Colombia. 25% tariffs if you don't take your people back. No, no president has ever done that before.

So he's, he's out there using tariffs not as a, as a bargaining tool for trade, but as a threat. He, he's throwing the United States tremendous economic wealth around and threatening other countries with it just like you did with Colombia. 25% tariffs if you don't take your people back. No, no president has ever done that before.

Uh, usually tariffs are used to protect industries, you know, to, to retaliate against tariffs from other countries. He's just using it as a baseball bat to get what he wants, right?

Uh, usually tariffs are used to protect industries, you know, to, to retaliate against tariffs from other countries. He's just using it as a baseball bat to get what he wants, right?

But

But

he also used that towards oil, towards Russia, and Biden also did the same thing. Oh yeah, right, and Russia turned around and said, Fine, he bricks, will you buy our oil? And they said yes.

he also used that towards oil, towards Russia, and Biden also did the same thing. Oh yeah, right, and Russia turned around and said, Fine, he bricks, will you buy our oil? And they said yes.

So I mean throwing these this his weight around that we're doing could actually force all these other countries into bricks. So I'm just saying none of this stuff could work and like you said, investing in these little things that are of lower value than the overinflated Meg 7 might be something, but like you said, it's highly risky.

So I mean throwing these this his weight around that we're doing could actually force all these other countries into bricks. So I'm just saying none of this stuff could work and like you said, investing in these little things that are of lower value than the overinflated Meg 7 might be something, but like you said, it's highly risky.

It is highly risky. Uh, but that's the kind of risk I'm willing to take with some of my money. And usually what I do, in fact, this is funny, because what I did with Nvidia, I usually take half a position.

It is highly risky. Uh, but that's the kind of risk I'm willing to take with some of my money. And usually what I do, in fact, this is funny, because what I did with Nvidia, I usually take half a position.

So when I put $10,000 into Nvidia, I was, I, I was gonna ultimately put in $20,000. So I was prepared for to drop more so that I'd be able to put in more money, right? It never dropped. I bought it at $50 a share and basically it went up 10, you know, 1,000%, and I never was able to buy the other half, you know, so I should have $50 million in Nvidia instead of a quarter million dollars, but this is what happens and I'm happy with obviously with what I, what I accomplished.

So when I put $10,000 into Nvidia, I was, I, I was gonna ultimately put in $20,000. So I was prepared for to drop more so that I'd be able to put in more money, right? It never dropped. I bought it at $50 a share and basically it went up 10, you know, 1,000%, and I never was able to buy the other half, you know, so I should have $50 million in Nvidia instead of a quarter million dollars, but this is what happens and I'm happy with obviously with what I, what I accomplished.

So I'm gonna, I'm gonna take a small position I think in, in Alibaba, maybe I'll put in 100, uh, just like I did with Nvidia and then and see what happens, you know, because I'm prepared to be wrong, you know, as a matter of fact, just when I, I, I sold, um.

So I'm gonna, I'm gonna take a small position I think in, in Alibaba, maybe I'll put in 100, uh, just like I did with Nvidia and then and see what happens, you know, because I'm prepared to be wrong, you know, as a matter of fact, just when I, I, I sold, um.

Nvidia just a while ago sold half of it and I sold it like one, I forgot, 1 at 16, and I think it immediately went to 119. And there was a time in my life when I would have gone, holy cow, I just left $3000 on the table.

Nvidia just a while ago sold half of it and I sold it like one, I forgot, 1 at 16, and I think it immediately went to 119. And there was a time in my life when I would have gone, holy cow, I just left $3000 on the table.

And now it's like, oh well, you know, it doesn't, you know, it just this is the way it works this is just what happens. So anyway, I still won yeah, well, obviously it's easier to not bitch when you want big anyway, but I mean it could go back to $150 you know, and that'll be going like shit, I have $30,000 on the table. But anyway, this is what I'm doing and this is why I'm doing it.

And now it's like, oh well, you know, it doesn't, you know, it just this is the way it works this is just what happens. So anyway, I still won yeah, well, obviously it's easier to not bitch when you want big anyway, but I mean it could go back to $150 you know, and that'll be going like shit, I have $30,000 on the table. But anyway, this is what I'm doing and this is why I'm doing it.

And so I just want to pass all that stuff along and let's do this more often, yeah,

And so I just want to pass all that stuff along and let's do this more often, yeah,

we should, but you only win if you do take it off the table though.

we should, but you only win if you do take it off the table though.

Yes, that is also true. That is also true, because I, I owned a stock not that long ago. I think it was like in 2009, Cliff's Cliff's Resources, it's an iron ore producer. I bought it at 6 and it went to 110.

Yes, that is also true. That is also true, because I, I owned a stock not that long ago. I think it was like in 2009, Cliff's Cliff's Resources, it's an iron ore producer. I bought it at 6 and it went to 110.

And you know what? it went back to 6 and I didn't sell it, so that's why we wanna make sure we take a little money off the table.

And you know what? it went back to 6 and I didn't sell it, so that's why we wanna make sure we take a little money off the table.

And then play with the house's money, like you said earlier.

And then play with the house's money, like you said earlier.

Well, you're giving me some ideas. Cool, this is a good podcast. I like it. It was a good podcast because I'm I'm always freaked out about about stocks and I'm pretty sure everybody that watches us is freaked out about stocks,

Well, you're giving me some ideas. Cool, this is a good podcast. I like it. It was a good podcast because I'm I'm always freaked out about about stocks and I'm pretty sure everybody that watches us is freaked out about stocks,

so.

so.

Well, it's, it's one thing to do, but, and as I've said on this podcast and many other times I've admonished people, if you're laying in bed at night.

Well, it's, it's one thing to do, but, and as I've said on this podcast and many other times I've admonished people, if you're laying in bed at night.

And you're staring at the ceiling, because you're worried about your stock investments, then you have too much money in the stock market.

And you're staring at the ceiling, because you're worried about your stock investments, then you have too much money in the stock market.

Take some off the table.

Take some off the table.

Don't ever put yourself in a position where you have to win. You ever see someone desperate to win when they're gambling? Do not be that person. Be a person who makes intelligent decisions and lives with your mistakes, of which, by the way, I have made tons, you know, I want to make sure people are not here bragging. I have made money. I've also lost money and you know, you got to get to the point in your life where you can accept it either way.

Don't ever put yourself in a position where you have to win. You ever see someone desperate to win when they're gambling? Do not be that person. Be a person who makes intelligent decisions and lives with your mistakes, of which, by the way, I have made tons, you know, I want to make sure people are not here bragging. I have made money. I've also lost money and you know, you got to get to the point in your life where you can accept it either way.

Anything else?

Anything else?

That's it. Let's wrap this

That's it. Let's wrap this

up. One quick reminder, tell your friends, tell your parents, tell, call up your ex. You haven't talked to her in years. Tell her, tell her to watch the podcast. Anyone.

up. One quick reminder, tell your friends, tell your parents, tell, call up your ex. You haven't talked to her in years. Tell her, tell her to watch the podcast. Anyone.

Yes, and then hit that like button, subscribe, please comment. Tell us what you guys want to hear because uh we're just coming up with stories out of the blue and and we actually read those comments and that'll help us

Yes, and then hit that like button, subscribe, please comment. Tell us what you guys want to hear because uh we're just coming up with stories out of the blue and and we actually read those comments and that'll help us

for that. We're here to tell you, yeah. Earn, always a pleasure, my friend. I will probably see you over yours this weekend.

for that. We're here to tell you, yeah. Earn, always a pleasure, my friend. I will probably see you over yours this weekend.

Hopefully.

Hopefully.

Take care, buddy. I'll talk to you soon and folks, have a good one and have a profitable day later.

Take care, buddy. I'll talk to you soon and folks, have a good one and have a profitable day later.