Meeting from Apr.12

All right. So, just for anybody new here, um this will um kind of follow the chat. So, if you look at the chat right

chat. So, if you look at the chat right now, I've put whatever questions or thoughts that have come through um on the message boards. And so, we have a

lot to talk about today. Um, so I'm going to start it off the first like five or t minutes here kind of going over some news, the market sentiment.

Um, talking about the the tariffs and different things like that uh lightly because I'm sure that we're probably a little inundated on that. Uh, but I would love to hear any thoughts or any

questions after I'm done with this first little intro of five minutes or 10 minutes or so. Um, and then we're going to kind of just keep moving through some of these other questions and thoughts here. If you guys have any questions,

here. If you guys have any questions, you can always unmute and ask your question. And then also, um, you could

question. And then also, um, you could just type it in the chat and we'll go from there. Okay. Um, so today's

from there. Okay. Um, so today's conversation is going to center a lot more around or or be more primarily about just the market overall. uh a

little bit of timing, a little bit of thoughts with what's going on macroeconomically as well. Um it's going to be less about individual stocks and things like that because as far as

individual stocks are concerned, um that's an individual uh assessment on your own. But if we do have a couple of

your own. But if we do have a couple of questions on that, we can go over that.

I just don't want to take all the time on individual stocks for individual people. That's something that we can do

people. That's something that we can do in a different setting. Okay. Um, but

let me go ahead and share the screen first and we'll go straight from here just to talk a little bit about some news and the market sentiment and then I will um love to hear what you have to

say. Just a second here. All

say. Just a second here. All

right. And just so everyone knows, this is being recorded and it will be up uh available by tomorrow depending on how slow my internet is. But here we

go. All right.

go. All right.

Okay. So, first and foremost, you guys probably already feel it, but whenever you're uh wondering where we're at and uh how the world is doing as far as

investing, uh the fear and greed index is something that I like to look at. Um

it basically has seven different fear and greed indicators. It's on CNN.com.

We're usually in the neutral section.

Sometimes more so towards greed over the last couple of years, but uh rarely are we in the extreme fear. Uh but if you

have seen this recently, this is actually up. So we were at a uh like a

actually up. So we were at a uh like a four about a week ago. And so we're up to a 13, which is fine. But it's good for you to know that as far as you know

market momentum or stock price strength or the the breadth of the the market being invested in. It's important to understand that most people at this

point are feeling that this is a fearful time. This is a time to worry. This is a

time. This is a time to worry. This is a time to not invest. Things like that.

And so it's important to understand that because if you're feeling that way, um it's always good to know that, okay, other people are kind of feeling that way as well. But it's also a good time

to think about possibly investing, which is why we talk about it so much in this group. Um buying the dip is not just,

group. Um buying the dip is not just, you know, um something that most people will go out and do. Psychologically,

it's tough to buy something when it's down and especially when there's so much fear. So, just wanted to let you know

fear. So, just wanted to let you know that's where we're at with that. Um,

this happened this morning and um I don't know if you guys saw this, but Trump kind of backed off of more tariffs. So, the only tariffs that he

tariffs. So, the only tariffs that he had originally um over the last couple days said we're going to continue were the ones from China and a couple other ones. But it made people very very

ones. But it made people very very worried especially in the cell phone like maybe Apple um in in tablets and in smart you know chips and things like

Nvidia all of that was something that was worrying a lot of people because it's like well we're taking away tariffs for the rest of the world for a little while uh 90 days or so but that doesn't change the fact that a lot of our

tariffs are going on things that are really going to mess with the stock market and that primarily is chip hips, right? Um it's a big part of the S&P

right? Um it's a big part of the S&P 500. So anyway, this just came out. We

500. So anyway, this just came out. We

don't really know what this means, but it's saying that um at least partially exempt will be these big things like phones, computers, and chips, which is

good for the MAG7, good for uh our growth ETFs, and for the S&P 500. We'll

see what this actually means, but expect Monday the stock market to go up. I just

think that I think that uh when we have good news like this, at least emotionally, it's going to be okay. The

other thing, um I'm sure a lot of you have heard about the liquidity or illiquidity in the bond market, and I've gotten a lot of questions because it is

a little bit scary. there is some issues with um just bonds in general and with um the stabilization of the market

probably going to have to step in and that would be the Federal Reserve. And

so what I wanted to make sure you understand is this doesn't mean that you know this came out two days ago or so where they were talking about okay if

needed the Fed will step in but this is not the same thing as them saying we're going to bring down the Fed rate. that's

not the same thing. She even says it in this article here if you want to check it out. Um I'll put it in the in the

it out. Um I'll put it in the in the chat in a second, but um she talks about there are different types of instruments at their disposal. It's a pretty long article, so I'm not going to go through

it right now, but um there's different instruments instruments at their disposal to help if the bond market is to die out as much as it's been or there

the liquidity dries up there, which could be a very big issue long term. it

can be a very big issue for businesses trying to um have enough money to be able to borrow or even bigger than that

countries and specifically the United States. And so if there is this big

States. And so if there is this big selloff of the of the bond market and um people starting to realize like hey I don't want to have my money held up in

this anymore that really hurts more so than just the government but everybody because we're tied to the government. So

anyway they basically came out and said don't worry we do have other instruments in place that we've used before specifically in 2020. Um we don't know if that means a stimulus of some sort.

We don't know if that means helping from the top down. So basically bailing out certain companies. That's what I think

certain companies. That's what I think uh is closer to what they're talking about. But they are keeping it close to

about. But they are keeping it close to the chest and not really explaining too much. Uh it does specifically say though

much. Uh it does specifically say though that um it's not for bringing down the Fed rate only. That's not the that's probably not the best way to do this.

The reason for that is they believe that a lot of these tariffs and other types of measures that Trump is going through can be inflationary and so if they bring

down the Fed rate that's going to increase inflation as well. So both of those at the same time. So everything is hinging on these tariffs to be honest.

Everything is hinging on the fact that we don't really understand or know what's actually going to happen, especially because we keep getting announcements of tariffs, but then they walk them back. So, we don't know what's

going to happen there. The last thing I want to go over before uh hearing some some thoughts from you guys is this right here. So, energy stocks and

right here. So, energy stocks and falling oil prices that this has been an issue um specifically for this group and a lot of people have been asking what

the heck is going on with CHD. Right

year to date, it's down about 7% which is a lot for this type of a ETF. And

what I want to make sure you understand is that my thesis is still intact. the

idea that SED is still one that's going to be less volatile and going to prove safety during a recession or during a normal financial crisis of some sort is

still the case. This is something totally different. This is um the world

totally different. This is um the world freaking out and trying to figure out how to get ahead of these tariffs.

Tariffs is a whole different thing. And

so anytime that we're talking about large cap stocks, which is what SCD has in it, even if they're value, um things can be affected by something that's like

a one-off, almost a black swan, which is kind of what's happening with these tariffs. So just understand that there's

tariffs. So just understand that there's a reason why SHD is down is so much, and that's because the thing that it just did was it reconstituted and it doubled

up on its energy stocks. And just now, energy is one of the worst sectors right now, just over the last month. It will

be something that if you are continuing to buy into SED, you're buying into one of the sectors that's dropped the most.

And so, you're technically buying the dip for a value ETF, which is very, very smart. And so, for those of you that

smart. And so, for those of you that have gotten CHD under $25, you've gotten a pretty solid deal. And I've been doing the same thing. Oil prices will come

back up. Energy obviously will come back

back up. Energy obviously will come back up. Everything that's happening right

up. Everything that's happening right now is an emotion uh driven market of well, what happens if the tariffs totally take out, you know, a whole portion of the world or something like

that. I don't think that's what's going

that. I don't think that's what's going to happen. I think that we're going to

to happen. I think that we're going to find the common middle ground. But all

that to say, SCHD is down, but it's not something to freak out about or think that it's not as safe as we originally had thought. still has a low beta. It's

had thought. still has a low beta. It's

still a smart move and just remember you're still getting a solid dividend from it. At this point, the SCD dividend

from it. At this point, the SCD dividend is over 4%. So, um, stick with it is my my analysis and I have a video on that

coming out on Wednesday. But, um, let me go ahead and stop sharing this for a second and just hear what you guys have to say. So, what are your guys' thoughts

to say. So, what are your guys' thoughts on the market right now on things that you've seen? Um, what's the overall

you've seen? Um, what's the overall sentiment? We'll give you guys about

sentiment? We'll give you guys about five minutes and then I'll jump back in.

Go ahead.

Nothing unusual. Everything seems fine.

Standard as you know. Just kidding.

I was like, "Wow, you have a pretty even killed temper there." Cuz most people I'm talking to are not that way. Okay.

But great.

What about the big showdown with China?

I mean, normally China would back down, but I think there that's going to get really ugly. I think we might finally

really ugly. I think we might finally see the full power of bricks in which China says we just have other things to do and Trump falls flat on his face is what I'm worried about. Yeah, I think

that's the overall worry for most is that China is not backing down. And

um for a a country of that size and the the level of world power that they have, I would expect nothing less to be honest. Um at the end of the day, it is

honest. Um at the end of the day, it is um exactly like you said, a little a little bit of a pissing contest there going back and forth. And I do believe

that it's going to hurt both countries.

And there are very um intelligent people on both ends saying, "Look, we obviously can't keep this. We can't keep going higher and higher and higher. It's only

going to mess with our own people." And

so they will find some type of a negotiation at some point because at the end of the day, that's the whole reason why fair trade is um a smart move long

term. But we do need to to figure out,

term. But we do need to to figure out, you know, what is it exactly? So the the thing that interests me the most is that Trump backed down on some of the biggest things that are going to be coming from

China, which would be the phones and computers and um chips and things like that. So the fact that he's easing on

that. So the fact that he's easing on that shows that he understands or or the the people in power understand how bad that could hurt this economy. And um I

think that we're going to see the same thing with China. It is an issue. It is

something that everybody's thinking about, which is why the market's down, right? So, until further notice, I would

right? So, until further notice, I would just be continuing to watch to see what happens. But I'm also very very bullish

happens. But I'm also very very bullish on the idea that they're going to figure out a a happy medium because they have to. Um, and when that happens, the

to. Um, and when that happens, the people that will have been investing during this time or at least staying invested will be the ones that will win out.

Uh hi good morning. Okay. What about the concept of the fourth turning like the redallio fourth turning where we are actually at the end of the fiat system

and it's being um we're converting over to a new system alto together and that with PE ratios that were about 20 we could have

expected about a 10% return on our uh stock market investments and when it's a PE of uh 10 we could maybe expect a you know 5% return and when it's like 30

plus really it's going to be we're going to be in negative territory going forward and that we were relying on things like AI and other concepts they were bringing into play in order to have

us feel and think that the stock market does nothing but go up. I mean, I'm watching all that with Ray Dallio and with Spven Carlson and other smart people smarter than me, and I'm quite

concerned about that that the stock market right now maybe could take a entirely other leg down. Yeah, totally

understandable. I would be I'd be careful taking too much of what like a doomsday prediction um is saying right

now because that's the easy easy way to um explain some things or to just kind of throw stuff out there. Ray Dallio has

been saying stuff like that for 15 years or so. Um his all weather I also I also

or so. Um his all weather I also I also sorry I didn't mean to cut you off but also like Mark Moss because I was a member of Mark Moss group prior to you.

and you know very smart people in there and that they're going a completely different direction. So yeah. Yeah. I

different direction. So yeah. Yeah. I

mean at the end of the day you're going to go with wherever your uh your your heart uh tells you. I I just go off of

purely data academic um sources and things like that rather than emotion.

And uh literally this is this stuff has been written about all of this stuff. I

mean, every single time we've been in a dip like this, in a time like this, it feels like the end of the world every single time. And then every single time,

single time. And then every single time, a year or two after an event like this, we point back and say, "Man, I wish I would have been in that again because I would have done it differently." Well,

we're in it again. It's just a totally different idea. The financial crisis of

different idea. The financial crisis of 2008 felt like that could never we could never get out of that. the amount of absolutely just sheer I mean the whole

financial system should have just been obliterated at that point and that should have taken even longer to get out of but it didn't. The COVID crisis should have lasted 5 10 years. It

didn't. This is something that is scary and it's new and we don't have answers for it.

But the the idea that we're going to have a totally new system because of it and fiat is going to be totally, you know, down to nothing and we're going to

have a new monetary whatever. It's it's

an understandable approach, but it's also a doomsday zombie apocalypse style approach. And so having a a bit of your

approach. And so having a a bit of your um your funds into something that might make you feel comfortable. So for me, Bitcoin is that um I have a little bit

into that. I also have the idea or

into that. I also have the idea or understanding that having your money in assets, whether it's in stocks or real estate or gold or whatever, is much

better than just sitting it in purely cash. So as long as you have it in those

cash. So as long as you have it in those things, you are technically doing what Ray Dallio is talking about or Ben Carlson or a lot of these people and I agree with you, very very intelligent

people. It's just sometimes the more

people. It's just sometimes the more intelligent that you get, the more crazy the the the brain starts working and you have ideas that are um a little bit

outlandish but could come to fruition.

You just have to figure out what's going to be best for you and your portfolio. What else, guys? What what

portfolio. What else, guys? What what

else are you guys thinking or or I I would support I would support a more positive attitude. I you know I've been

positive attitude. I you know I've been like a lot of you been preparing and having holding some cash on the side and I've been buying some dips and it's a little stressful when things go down but

you buy the next dip. Uh and I have to tell you when the market dropped 2,000 points on Friday I felt giddy. I was

very busy and um trying to think you know long term two three more years down the line. And I kind of I kind of felt I

the line. And I kind of I kind of felt I felt giddy. I felt happy about it. I

felt giddy. I felt happy about it. I

felt well maybe not happy but excited that maybe there's some opportunity.

I like that. I like that. Mick, what do you got?

Hey, um I think something worth thinking about and um you know is is that is just kind of reminding ourselves with these folks that are talking about the doomsday or

or a lot of YouTubers that are talking about the doomsday or the clickbait is that we have to remind ourselves like what sells.

Unfortunately, the type of approach that you know um that you have Dr. G or no one like it's uh or profession. Why do I say doctor? Um they want to give you

say doctor? Um they want to give you that too, right? Uh but um I feel like it's it's you know you you get a hard time sometimes about using some more clickbay

um titles every once in a while. Even

us, we might get on you for it. And you

know, the reality is you want people to come listen to your videos to get, you know, the truth and to get the the um numbers based analysis. the

professorial, but you know, you're not if you put that out there, you wouldn't if that was your title, you wouldn't likely get nearly as many people interested in what you have to say, right? So, in the same regard, the folks

right? So, in the same regard, the folks out there who really do truly and are not unintelligent people, they're very intelligent. different, you know,

intelligent. different, you know, sources that they're uh they're pulling on to make their analysis. You know,

they also recognize that they're not going to get eyes on their theories, get eyes on without being very very drastic, whatever that end might be. So I think we just have to kind of take a step

back, remind ourselves of that when we start panicking, zoom out and like Nolan said, you know, see that this is something that has repeated how many times over the course of the last hundred years or whatever, like it it's,

you know, to say that that we're suddenly in some kind of apocalyptic no man's land that we've never been in before. It's just history doesn't show

before. It's just history doesn't show that to me personally. So just kind of remember the source, remember what their goals are, and um put that into perspective of what your goals are. I

guess that makes sense. I I just I just find it interesting that everybody jumps to doomsday. These channels are not

to doomsday. These channels are not doomsday. There are people who are

doomsday. There are people who are research value investors like Sven Carlson. He's there's no clickbait. It's

Carlson. He's there's no clickbait. It's

just analysis of stocks and uh PE ratios and none of them are doomsday. And Dalio

is like one of the oldest investors in of time. Yeah. No, I'm not I'm I'm

of time. Yeah. No, I'm not I'm I'm definitely I'm not uh discrediting that.

I'm saying that if that is the approach that they're going with, that's fine.

That's that's their analysis. That's

where they believe it's going to go. And

I think that each one of us has to have that, which is why in a lot of my videos and even in this group, I say what what is your risk profile? Like where how do you feel the most safe and let's build

your portfolio around that? And that's

why I try to teach about the categories of the ETFs that I talk about. So you

could add more SCHD or you could add more bonds or you could add more cash if you're feeling, you know, whatever. Or

if you feel a little bit closer to maybe what Ray Dallio was talking about, you add more gold or more commodities or invest in China if you if you really want to go that route. Like there's

there's a lot of different things that you can do once you start to feel like this is my conviction. This is where I feel like it's going. So I'm I definitely don't want to make this a debate right now. I don't want to make

it a that type of a thing. And I'm not discrediting someone like Ray Dalio who is very very smart. So just wanted to make sure. Thank Thank you. And that's

make sure. Thank Thank you. And that's

that's my point. I'm just I'm just stating that. Yep. It's not a doomsday

stating that. Yep. It's not a doomsday scenario. It was just I got I got your

scenario. It was just I got I got your opinion. I'm getting there. I just

opinion. I'm getting there. I just

wondered what you thought about it.

Perfect. Thank you. Perfect.

What else? Anybody else have something to to throw in there? Yeah. Hey, Nolan,

you you you mentioned the uh the squeeze in the uh in the bond market, and I just want to touch on that a little bit. Um,

so I mean what what's causing it right now is this jamming and the plumbing because of basis trades by hedge funds.

And it is a real problem, right? Not the

kind of problem like the bank bailouts in 2008. That was a

in 2008. That was a 780 billion dollar problem. This is a$ 1.3 trillion dollar problem.

And I mean for those who don't know what a basis trade is effectively go and buy long day seven at times they borrow the money from the banks to be able to provide this

leverage and I mean they're taking you know 30 40 50 basis points changes in the bond yields and they're making tons of money because they're so levered on

it. The problem is when the margin call

it. The problem is when the margin call comes they don't they don't have any other assets besides the bonds to sell.

So that is what you saw last week with all of those 10-year, fiveyear uh long date, longerdated treasuries coming back onto the bond market. And that is what

really spooked the White House and made the president change his mind with regards to the 90-day pause because if that had continued, we would have seen a

2008 type event with regards to what the Fed is going to do. They've made it clear to at least the hedge funds in the private equity world that they are not

coming in to bail them out directly.

What they probably would do is slow down on um on uh quantitative uh tightening and then go back to quantitative easing

in the sense that they would slow down in the in the um amount of mortgage back securities that they're putting out into the market and purchase more treasuries.

So they would effectively serve as a source to purchase treasury as treasury goes into the auction. That actual day

that you saw when the president made his his decision, there was a treasury auction for 82 billion that the banks themselves and part of the reason is

sort of like a you know snowball effect. the banks had to hold on to 24 billion of that, right?

So, all of the primary dealers, so the big money center banks, they had to eat 24 billion of that and put that onto their balance sheet because there was literally no market for 10-year

treasuries. Um, so that became an issue

treasuries. Um, so that became an issue and they are still facing that concern right now. So if there are more

right now. So if there are more longdated treasuries that come on there, you are going to see where the stock markets move the stocks move down and

bonds yields also go in the opposite direction which is not what is supposed to happen. So it is a real concern. It

to happen. So it is a real concern. It

is not a doomsday just to sort of stick with the conversation here and the theme of the conversation. It's not a doomday scenario, but it does have massive

impacts um on whether or not we're going to continue this rally or there's going to continue to be a lot of volatility the stock market. Um, and again, I I said it's a $ 1.3 trillion dollar

problem that takes a long time to roll off that amount of treasuries into an open market given the fact that you also

have um another almost 20 well 17 trillion dollars that are held by um foreign governments like China, South

Korea, Japan. We have not seen any

Korea, Japan. We have not seen any selling in the market from that angle.

And I know there was a lot of media um you know and clicks and you know YouTube channels talking about you know this is punishment from China. That was not the

case. This was all about the hedge fund

case. This was all about the hedge fund basis trades being unwound. So yeah, if you are, you know, looking at that, that is a real thing. And to the extent, and

Nolan is exactly right, we do not expect that the u the Fed is going to raise going to lower the overnight rates

relative to um where this is. They are

just trying to stabilize the uh the 10-year Treasury. Yeah. Smart. And so

10-year Treasury. Yeah. Smart. And so

thank you. That was great. A couple

question or a couple people asked about uh you know moving out of the bond market. I think that you know

market. I think that you know misunderstanding some of the headlines and things but people are talking about should I move out of bonds in total and should I even move out of um long you

know what what do they like money markets and things that have bonds and treasuries and or are um connected to that. What do you think about that Mike?

that. What do you think about that Mike?

I feel like um that's just a quick I don't know synopsis or or people are just trying to correlate this whole all this bad news to saying well that

means I should get out of money markets I should get out of bonds. No no that would be so this is a this is a long bond problem. So this is a 10-year

bond problem. So this is a 10-year problem. This is not a fiveyear

problem. This is not a fiveyear Treasury. It's not a threeyear twoyear

Treasury. It's not a threeyear twoyear or the Treasury notes. And and again, it is not it is there's not a issue with the bonds themselves. It is a problem

with the plumbing in the system where there's a blockage. There's too many bonds floating into the market and that's driving prices down and yields

back and it's an aberration. It just

happens to be a pretty big one, but it is by no means a signal to get out and buy gold, right? because you could buy gold me if you're so inclined, but this

will actually work its way through the system. And the Fed backs stop is there,

system. And the Fed backs stop is there, but it does not have a material impact on corporate bonds on on uh on high-grade corporate bonds and it does

not have uh any impact on the short end of the Treasury curve. Right. Good. And

that that was exactly I mean well said, better said than I could say it. So,

thank you, Mike. Um, but that was going to be my answer for I think three or four of you asked about should I get out of um, you know, certain money markets that are connected to to bonds or

treasury bills and things like that or should I move from this to that? And so

um, I think that that answered it very well. Um, and so I would just especially

well. Um, and so I would just especially on the short-term stuff, you're you're good. I really like SGOV. I know I've

good. I really like SGOV. I know I've talked about that a lot, but for those of you that want a different place to hold your cash um other than maybe just

a regular money market or municipal bonds or whatever. Um SGOV is short-term treasury bills, one to three month. Um

so that that's another good place. Um

but a lot of these just just remember what I'm trying to make sure you guys understand is that we don't make long-term decisions on this very very

shortterm problem. Um, this problem can

shortterm problem. Um, this problem can persist for a little while and be more than short-term, but I just don't want you to uproot everything that you thought of and figured out for your own

strategy based on like the worst point right now. Uh, there's a lot of fear as

right now. Uh, there's a lot of fear as I showed you to start. Um, as Mike said, even as Sandra said, um, there there's a lot of things to consider and so this is

a great time for you to sit and think like what do I want? what um what should my portfolio feel like? Look like if you feel a little too scared right now, I

know I've said this 20 times, but if you feel too scared, you're probably too risky in your portfolio. You probably

have too many stocks. You probably have too much um ETF exposure into growth or even just the regular stock market. And

maybe you should have something a bit more stable like gold or short-term bonds or even just in a money market or high yield savings account. That will

help your uh or ease your anxiety a bit.

So you but you do have to figure out what that is for you.

Uh hi Professor. Hey, what's up Phil?

Hi.

Um, wonder what your opinion is currently on stretching out maybe the uh the duration on Treasury

bonds and that uh they seem to the yield seems to be going up right now. So,

right now I'm just watching it like a hawk because if it gets over 4.75 or the high end, um, what's

your thoughts on that? Because this is more geared for people that are in retirement that are looking for that safety. Yeah, locking in something a

safety. Yeah, locking in something a little bit more long-term. um if it's you know closer to the 5% range and that's seems to work for your

personality and for the portion of your portfolio that you want to lock down a little bit but to get a guaranteed you know 4.7 4.9 5% anything like that um

that's not a bad move. I would just say that right now things move on a dime.

We've seen something change each week over 2025. So, I like the the thought

over 2025. So, I like the the thought there that you said. I'm I'm watching it. Um, you just have to be careful. Uh,

it. Um, you just have to be careful. Uh,

I wouldn't take anything that anybody says or even that you read or that you see in the market as gold or as, you know, as what it's going to be. I would

want to see some data for multiple weeks in a row. Uh, to be honest, to to see that, but that that's where I'm at. Um,

and I think that you know where your percentages are that make sense for you.

All right, let me get through. Do you

have any opin do you have any opinion as to what's going on with the rates on the dollar to drop has dropped?

Um, it seemed like you you broke up there.3.

there.3.

Sorry, you're you're breaking up. I

wondered if you had any information on the dollar.

Yeah, I I don't have too much on I don't have too much on that. That's not

necessarily my uh specialty there, but that is something that I'm watching. Um

but like I said, everything's moving and changing so fast that I'm just keeping up with what's happening. Um trying not to make too much of a long-term shift or

shift of the portfolio based off of any one thing right now.

Okay, let me let me show you guys a couple of things. So, well, first let's talk about the the Mags ETF and some of those other things within there. So, we

have, you know, Google, Nvidia, Amazon, um though the the Mag 7. Everybody knows

the Magnificent 7 there. And then

there's also an ETF called MAGS. And

that is just those seven stocks basically put together in this ETF. And

so people are, you know, buying that at a at a pretty high percentage at this point because it's some of the most beaten down stocks in the uh market right now. But just just so we

right now. But just just so we understand, this is definitely more risky than something like a QQQM or an SCHG. Those are a little bit more broad.

SCHG. Those are a little bit more broad.

They have a hundred different companies versus just seven. Um, so anytime that you have less companies, you're improving the risk a little bit. you're

you're increasing the risk. Um, if you, in my opinion, and you're paying a fee for the MAGS uh, ETF, if you feel very inclined to want to have a couple of

those individual stocks, it might just be better for you to hold a Google or an Nvidia or an Amazon because there's no fee to hold just the individual stock.

If you have the whole MAGS ETF, they're putting you in a proprietary blend of a percentage of each one of these stocks.

So, it is hands off for you, but you are paying a fee for that. So, just keep that in mind. Anytime something's going to be a little bit more convenient, it's probably going to cost you. Um, and then

just overall, I'd be careful with putting too much of your money into only the stuff that's dropped the most. I've

seen a little bit in this community and then also in my uh just community in general, just seeing it on YouTube, a lot of people are buying the dip on the stuff that's dropped the most. And

that's not necessarily a bad strategy overall, but if that's the only things you're buying, you're buying into the most risky or most volatile things.

They've dropped the most because they are the most volatile. So, I would still keep up with investing in your SCHDs or your Birkshshire Hathaways or the things

that have a low beta um so that you're keeping your portfolio as safe even during times that you're buying the dip.

So, just be careful on that. And then

the other thing that I've seen a lot or talked a lot with people on is this idea of Jeepy and um Jeep Q, right? So I know

that I have a lot of uh retirees in here and um so a lot of people like Jeeppy because with Jeepy you're getting about a 7% 8% dividend yield and that's

awesome. But then on a year like this

awesome. But then on a year like this year when things drop um you're going to see a drop very similar to the S&P 500

um with something like a Jeep Q you're going to see an even bigger drop. So you

know that you're getting about a 12% 13% yield uh with Jeep Q. But then if your your price appreciation drops by 12%.

Just know that you're not in a fund that's similar to like what CHD is supposed to be which is a low beta fund.

You're in a high dividend fund but not a low beta fund. And so understand the difference between the two. Just because

I say one of the categories in the three ETF portfolio is uh dividendbased or or value JP Morgan's like equity premium

income the J jeep Q is not that specifically JEPQ is more uh it's tied to the NASDAQ and it does have a big dividend but it's different because it's

a covered call ETF. So, I just want to make sure you understand that sometimes you're giving up price appreciation in that that risk assess assessment there.

Um, even though you're getting a higher dividend. So, just understand that what

dividend. So, just understand that what I'm saying, what I'm seeing right now is everything in the market is down. SHD is

down more than I would have thought it would have been down during this time.

Um, so just understand that, you know, things are down for a little while. It's

going to be that way. But I just wanted to show you that if you're going for the higher yield, you're probably going to see a bigger dip in times of um market

drops. So just understand that

drops. So just understand that there.

Um let's see, one other thing too is this question here where somebody said, "How should one hedge a portfolio against inflationary or deflationary

circumstances and market crashes?" Um,

and this one that I've been seeing a lot is this idea of EDV, this ETF EDV. And

so I wanted to show you just a couple of things. And this is not a allout

things. And this is not a allout analysis, but it's something that I look at. So EDV just in general um, is

at. So EDV just in general um, is supposed to be it's a extended duration treasury index. It's supposed to help

treasury index. It's supposed to help when the market is in a time of high volatility and things are dropping. So

year to date, it's actually doing better than the S&P 500, right? It's downg

-2.5% where VU is downgative 8.7%. So a

lot of people are saying things like you should be in this instead. And so

they're saying, "Okay, now that your VU is down, sell out of this and buy into something that's more expensive, right?

Buy into something that hasn't dropped as much already." I hate that. That's

that's not the best move. You would want to do this before the S&P 500 dropped, not during a drop or at the bottom, right? Um, so I already hate that. But

right? Um, so I already hate that. But

then let's look at the five-year.

Looking at this, this is a terrible thing to hold for any period of time. So

for any of us in this group, we're more buy and hold. We're not active traders for the most part in this group. And

this would be one that you would lose a lot of money on holding during a good period. And as you know, we're in a good

period. And as you know, we're in a good period or a bull market, much more than we're in a bare market. But even here,

from 2022 to 2023, the S&P 500 dropped about 18%. If you look right here from

about 18%. If you look right here from 2022 starting at about 150 all the way down to around 80 that's dropping about

50% from during that period. If we look at the S&P 500 during that time from 2022 to 2023 we had a drop but it wasn't

as substantial. And so even in a period

as substantial. And so even in a period where we're seeing market volatility or the or the market drop, it's still not a great move. So there's it's not to say

great move. So there's it's not to say that you can't move into something that might hold up better or there's better things than the S&P 500 or whatever.

It's just you have to be very careful because somebody could jump on YouTube or something like this and just say, "Hey, the S&P 500 is down 8%. this is

only down 2%. You should go over here.

If that's the extent of the analysis, that's a that's not a great move for you just to move over in that regard. And

then if you're looking at something longterm, I want you to zoom out and just think like, okay, how how long would I even hold this ETF for? I

understand it's good during a bad time, but when will I know we're out of a bad time? Right? So, there's a lot of um

time? Right? So, there's a lot of um holes in that theory. I would say that that's why I talk so much during good times as to holding money in like a high

yield savings account or a money market or uh SGOV or something like that for a downturn. So, right now we're in a

downturn. So, right now we're in a downturn. So, any of you that are

downturn. So, any of you that are retired or about to be retired, I always say like I hope that you have one to three years worth of cash off to the side so you can weather this storm so

you don't have to make any big changes because we're only in this downturn statistically for a year or less. But

even on bad ones, it's two years, two and a half years. So, if you have that much in cash off to the side, you know what to do. you get to pull from that cash that you put there for an

emergency, which is right now. Let the

market do its thing, let it come back, and then the next decade, statistically, it goes up in a bull market. So, all

that to say, I would just be very careful with um hedging your portfolio, especially during a down. It's more so you would hedge while you're up because

you're hedging for the next down, not during or or at the bottom like right now. I just want to make that

now. I just want to make that distinction. All right.

distinction. All right.

Um, and then somebody asked, this is just a real quick one, but somebody asked how to move an existing account to the three portfolio strategy when it's already invested from an investor or an

advisor. I know most of you are using,

advisor. I know most of you are using, you know, doing your own thing, which is why you're a part of this group, and I love that because then you don't have to pay fees to an advisor. But for some of you that are maybe new to this group and

you were figuring that out, um the be it really just depends. Um if you're in a taxable account like a brokerage, taxable brokerage, you have to keep the

taxes in mind. So if you sell out of positions that you've been in for years, you'll have capital gains. And so if you do that, you just need to figure out how much taxes will you have to pay at the

end of the year. And it's usually worth it to just sell out of most if not all of the positions or at least the bad ones and then move into the three ETF

portfolio, but just know a portion of whatever your whatever you've gained is going to go towards taxes. So just pull that off to the side, pay that, you know, next April and you'll be good to

go. For those of you in like a

go. For those of you in like a retirement account, like an IRA or a 401k or whatever, you can just make that change right away. you can sell out of all of those positions and buy up very

simply, you know, the three ETFs that I talk about or that work for you. And you

can do that in one fell swoop all at one time. Um there's no fees, no no issues,

time. Um there's no fees, no no issues, nothing there. Um but for those of you

nothing there. Um but for those of you that are in between that or or you know, it's it's scary, which I understand, just reach out to me and we can do it

together. um just send me an an email or

together. um just send me an an email or or a message and we could do a private coaching session which I've done with a lot of you and that's what my business

is outside of this. So um I'd love to help you walk you through that and it would just be a onetime fee and we'll just go through that. So um don't want to take too much time on that but that is um what I would think about the

biggest thing is the taxes. So we would look through that together. All right. Before I answer

together. All right. Before I answer these this last like one or two that are on the list, I'd love to hear from somebody that maybe hasn't spoken today

or hasn't asked a question yet or or if you have a thought. Um, go ahead.

Um, I'll go. So, I already messaged you, but can you just talk a little bit about um how to know when to get back into the market if you have some money to invest,

indicators?

Yeah.

Um that's the that's the toughest thing about active investing in the stock market. You rarely know that I mean, you

market. You rarely know that I mean, you never know that you're at the bottom.

when you're at the bottom, it feels like it's going to go a little bit lower. Uh,

you know, whatever. You also don't know when we're coming back up, right? And

that's why we say there's there's just literally no way to time the market.

There's a lot of formulas. We can watch charts. We can have opinions. We can put

charts. We can have opinions. We can put two and two together, but at the end of the day, we don't know when it's going to keep going down, and we don't know when it's going to come back up. And so

having uh two separate strategies is is the best I've ever seen. So the first strategy is dollar cost average, right?

I'm sure you've heard that a million times and you're probably annoyed at this point, but buy in every week, two weeks, four weeks, whatever it is, at an at an interval that makes sense to you

and do it no matter what. That's what I choose to do. But um that's that's number one because you just have no idea. No matter what. Number two, the

idea. No matter what. Number two, the other strategy would be have price targets. This one takes a little bit

targets. This one takes a little bit more analysis, but also just your opinions, but I know, you know, I've talked to a lot of people in the group.

They have things like from all-time highs, if it drops 10%, I'm going to put 25% of my investable uh money in at that

point. If it drops another 5% from that,

point. If it drops another 5% from that, so 15%, I'm going to put another 25% in.

if it drops 25% or more, I'm gonna put all of my money in. And so, it just depends on your feeling, um your uh risk tolerance, and then also your

understanding of the financial markets.

For the most part, we don't see a dip from all-time highs of 20% or more.

Like, that just doesn't really happen.

It's only happened a couple times. We

definitely don't see a dip of 30% from all-time highs or more.

um that's only happened like a handful of times. And so in those times, if we

of times. And so in those times, if we understand history and we understand that's only happened a dozen times, whatever it is, and we're in that, then

statistically, it's almost like pot odds or if you're counting cards, you don't know specifically what cards coming up next, but you have an idea that it could be this card because the other cards

have been played, right? So that's the same thing here. If something drops to 30% from all-time highs, uh, when we're talking about broad markets like the S&P

500, statistically, that is the bottom.

Statistically, there isn't it's not going to go much further. And so,

getting in at that point is smart. I

just wouldn't ever say I'm going to sit here and wait until 30% because it's also rarely ever happens. So, for me, if I was going to

happens. So, for me, if I was going to go that approach, I would say something like what I've talked about last year in my videos. If it drops 10%, I'm willing

my videos. If it drops 10%, I'm willing to double up my dollar cost average. If

it drops 15%, I might start putting in something like 50% of my entire uh investable amount. If it drops 20% or

investable amount. If it drops 20% or more, for me personally, I'm happy to drop any reserve cash that I had off to the side, throw it in. Even if it drops

another 10%, I'd be happy knowing that it rarely gets to 20% already. Yeah,

it's down even further, but once it comes back up, I will have got that 20% premium there. So, hopefully that

premium there. So, hopefully that answered the question.

What else? Just just want to add one other thing to that, Bill. So, in the next uh month or so, they're going to be

constant um announcements uh excuse me, announcements about um deals with individual countries uh from the White House. Um, so you're going to hear about one from Japan,

you're going to hear about one from South Korea, Vietnam, Taiwan, Singapore, and they're just going to continue to come and the markets are just going to

react to each one of those. The overlay

again is this basis trade and if we can get that plumbing issue sorted out, the market is just going to vacasillate back and forth depending on the headlines and and what it is and how the president

rolls out um all of these things.

So if you're going to what I am doing for a broad index every time it goes down I have uh

10% money 20% money 30% money and you know so I just nibble a little bit and then get it in and knowing of course that that's never the bottom because there's no way to know that as Nolan

just pointed out but for individual stocks if you believe if I believe in it and you you know you go through and I think the investor com tool is awesome because it gives you

what their valuation is, but then it also gives you the analysts, a broader array of analysts and what their price targets are for that particular stock.

You go through, you do the research. Um,

Amazon is one. I bought a ton of it at 150. Then it snapped back up. If it gets

150. Then it snapped back up. If it gets back to 150, I'll buy more. But I'm

happy also buying it at 170 because I believe it's a 220 stock.

So, you know, if if you're buying individual stocks, if you believe that it's a good company and the fundamentals are good, as long as you as long as I'm getting it below what I believe it's the

fair market value is, I buy it. For

broad broader ETFs, I just don't bother trying to time it. I just go ahead and buy the, you know, doing air quotes, buy the dip. Anytime it goes down, I just

the dip. Anytime it goes down, I just buy a little bit more. Yeah. Smart. I

love that. I think that I think that's smart to understand for everybody the distinction between the ETFs, the broad ETFs and the individual stocks.

Individual stocks, if you're going to pick a stock, make sure you know everything about it so you know that it's a good price for him. He just kind of threw that out there that at 150 it's good. But I would love to know for you

good. But I would love to know for you guys, like make sure you understand why do you think it's good at 150? Just

because it's cheaper doesn't mean that it's good. So, if you understand what he

it's good. So, if you understand what he was talking about, the fair value, um, investing.com does a good job of going very deep into, uh, individual stocks and telling you what they think the fair

value is. Um, that's where I start a lot

value is. Um, that's where I start a lot of my research as well. Um, which is why I've been so big on SoFi and Palunteer.

Um, that's kind of where I got those from, but also Google. Um, but yeah, that that's great, Mike. Thank you so much for that uh that helpful piece there. And Denny, I see that you have

there. And Denny, I see that you have your hand raised.

Yeah, you touched on that. Um, and

thanks for your time. You touched on the the covered call that Jeff Q's and so on. And I'm I'm going to be jumping in

on. And I'm I'm going to be jumping in the market after I sell my house in a few days. Um, so I've got a significant

few days. Um, so I've got a significant amount going in and I don't totally understand the covered call concept and although it, you know, it does give good income, but I I I remember from watching

your other videos like if a single stock went down had a certain yield and if it went down in price, then the yield is higher. Um, does that work the same for

higher. Um, does that work the same for like a Jeff Q or is it because it's covered call it's it's a different it works differently. It does work

works differently. It does work differently to a certain extent. you

will still see the um dividend yield change in percentage based off of the price because at the end of the day it is a percentage. They'll they'll have a stated dividend of, you know, all right,

it's going to be $5 this, you know, this year the the dividend is $5. So, if the price of the fund is $50, then that's a 10% dividend yield, right? But if the

fund goes down to $45, now a $5 yield is more like a 13% dividend. Um and so it it does fluctuate

dividend. Um and so it it does fluctuate a bit but the way that covered call ETFs work is a portion of the dividend comes from the underlying asset. A very small

portion but most of it is coming from those an not analyst those uh fund managers writing calls or puts or basically doing options on that account

with your money. You're basically giving them your money. They're writing options at a very high level. the um they're hopefully winning because they're good at it. Um and then they give you the

at it. Um and then they give you the profits, a portion of the profits. Um

and so when you're receiving those dividends though, it's not the same thing as a qualified dividend like CHD where um it's very tax advantaged. It's

going to be a dividend that's going to be taxed at your ordinary income rate.

So, if you're already a highinccome earnner, Jeepy or Jeep Q in a taxable brokerage is not going to be favorable for your tax situation. So, I always say

I only like Jeppy and Jeep Q in a retirement account first of all or if you've already built up the amount of capital that you'd like and just want a yield to like kind of live off of

because the taxes are just not favorable and then also the price appreciation is not favorable. Jeppy or Jeep Q doesn't

not favorable. Jeppy or Jeep Q doesn't really grow much, whereas SHD has a history of growing at 8% or so um as far

as just price appreciation. Uh those are going to stay pretty stable because they're giving out all of their uh income as far as like a dividend for us.

So, did that make sense? Sometimes

sometimes sometimes when I look at, you know, growth and or or income, like I'm 57, I'm trying to semi-retire um and then I look at growth and I look at projections of but quite honestly

when I add more growth and it takes away from my income, I look at like my fivey year or 10 year projection of what I may hand down to my son. Yeah. And you know, maybe he's 1.5 million instead of 1.3 million. And there's part of me like

million. And there's part of me like that like, yeah, that's a lot. It's

200,000. But the other part of me is like, "My son's going to be happy with $800,000." Like, he's going to have with

$800,000." Like, he's going to have with anything. Yeah. So, like, should I be

anything. Yeah. So, like, should I be focusing on really my income and whether I give him 1.2 or 1.5? Not even think about that. I'm not even sure how, you

about that. I'm not even sure how, you know, how to approach that. Yeah. And

everybody's going to be a little bit different at that point. But I would first consider like what you need now.

Like what do you what do you need for yourself today? What what does that look

yourself today? What what does that look like? And then I would be thinking about

like? And then I would be thinking about like legacy and things like that or or things where you're giving that off because the best thing you could do is

make sure that you're financially stable. Um that's always number one.

stable. Um that's always number one.

Great. And are and are you feeling like the the covered calls are safe to be jumping into now with with the terror situation? I mean it's just like I

situation? I mean it's just like I showed you on the or I showed everyone on the the charts. they're down as much as the S&P 500's down or down as much as

the NASDAQ is down. So, I wouldn't ever use the word safe. I would just say um they do produce a yield which helps with cash flow. So, if that's your only goal,

cash flow. So, if that's your only goal, if that's what you want at this point, then that is one way to do it. um I

would be concerned at how far the price drops because then your uh how much you have within the market is going to be lower. So then getting a you know

lower. So then getting a you know getting a 10% yield on $100,000 versus getting a 15% yield on $50,000. You'd

rather have the lower yield on the higher amount of appreciation or the amount of capital. So, I would just make sure that you're not going 100% into

just JetBq. Um, having a portion on a

just JetBq. Um, having a portion on a higher um uh dividend player like that is cool. And then maybe a portion SCHD,

is cool. And then maybe a portion SCHD, a portion in maybe some SGV or the money market and then still having some in some growth or some uh S&P 500.

Yeah, I was trying to mix in CHD as much as possible to but to meet my income goal. So, I'm probably around 30 to 40%

goal. So, I'm probably around 30 to 40% of SHT. Yep. Yep. And everybody's going

of SHT. Yep. Yep. And everybody's going to be a little bit different on that.

So, I think you're on the right track.

Great. Thank you. Yeah. Um, let me just go over a couple of these questions here. So, somebody asked about Bitcoin

here. So, somebody asked about Bitcoin and XRP. At the end of the day, you're

and XRP. At the end of the day, you're going to have your own um, thoughts on cryptocurrency in general. I do like Bitcoin. I think it's the only

Bitcoin. I think it's the only decentralized asset that I've ever witnessed and seen. Um decentralized

just means there's no one person or company that's pulling the strings. And

so it's it's a bunch of nodes of a bunch of computers that um even make any of this possible. And so it's a proof

this possible. And so it's a proof system. So I personally like it, but it

system. So I personally like it, but it is something that you do need to wrap your head around to be able to understand it. uh for anybody that wants

understand it. uh for anybody that wants to dip into it. One to five percent of your portfolio is always what I recommend. Not very much. XRP is a

recommend. Not very much. XRP is a little bit different. It's in the financial system. Um there's a lot of

financial system. Um there's a lot of hype around it. It is very centralized.

It's very much not what crypto is supposed to be. Uh there is a company, a person really that's like the CEO of it.

And um it can be manipulated.

So to me, I don't understand why we would put too much eggs in that basket yet until we start to see what it can do and if adoption is going to be there. It

does look like there's a lot more uh fundamentals and adoption happening within XRP and Stellar and some of these other ones, but until I see more

utility, I'm just watching the blockchain world and fascinated with it.

But Bitcoin is the only thing that I'm adding to in my portfolio. And by adding I'm I mean lightly lightly adding. Um

and then somebody asked like how long do you think the market will take to rebound? If I knew that I and all of you

rebound? If I knew that I and all of you would be a lot more rich. So I just know for a fact that this is a gift. I know

for a fact that two years from now most of us are going to be sitting here talking about how we wish we could go back to 2025 and put just a little bit more money in. It's happened every time.

And I talk to a lot of people, a lot of very rich people, very rich. Um, and

they're usually twice or three times my age. And they have told me all the

age. And they have told me all the stories about all the things that they've been through and they're continuing to tell me that today. And

they're saying, you know, this is no different. This is exactly what I've

different. This is exactly what I've seen. And I 100% agree with them. Um,

seen. And I 100% agree with them. Um,

while it is different as far as specifically what's happening, it's not different in macroeconomically or how market cycles go. Um, one one book that

I would recommend reading is um, forget what it's I'm going to put it in the thing, but it's uh, something about the cycle. Oh, understanding the cycle.

cycle. Oh, understanding the cycle.

Understanding market cycles. I'll put it in um, it's by Howard Marx. Um, I'll put it in the uh group after this because I

have read it. I read it maybe 10 years ago and then I just started reading it again uh this month and it's eerie how spot-on it is based off of all market

cycles that have ever happened. But this

we're just in one right now and it makes a lot of sense. So keep up the faith. Go

ahead Mike. What was it?

Yeah, I just wanted to add one thing a near talk about crypto. So, um right around Memorial Day, the um we expect that there is going to be uh stable coin

legislation that comes out of the Congress and the president's going to sign that and it is not the same thing as crypto. The crypto industry is way

as crypto. The crypto industry is way into it, but this is more on the payment side. So this is a much bigger deal for

side. So this is a much bigger deal for folks like Circle who are going to um do an IPO um PayPal for example. I mean

it's it is literally dollar denominated stuff right so much different from that and so there'll be a lot of headlines uh around it and loosening up of the crypto market. Do not expect that that's going

market. Do not expect that that's going to happen in any meaningful way from a law change. Um there'll be rules that come

change. Um there'll be rules that come out of the SEC and the CFTC uh around crypto. So there it's going to continue

crypto. So there it's going to continue to be volatile. Um and it is definitely not like gold.

The the XRP is that what you're talking about or or in my view XRP, Bitcoin, all of that it is it is speculative.

I would agree. Yeah, I would agree with that. there is a lot that

that. there is a lot that um uh is going to be coming out and it's going to even even if it is speculative just so you all know that doesn't mean that it doesn't have value and that it

doesn't mean that it doesn't it can't grow. Um you can ride those waves and

grow. Um you can ride those waves and understand that there will be good news that comes out because of it and that could increase the price or the emotion of it. You just have to understand that

of it. You just have to understand that just like Mike said it's going to be very volatile. It can go up 20% in a

very volatile. It can go up 20% in a day. It can also drop 50% in a day. So

day. It can also drop 50% in a day. So

be very careful which is why I say 5% or less of your portfolio.

Um good stuff. This last last person asked what's your suggested mechanism to buy Bitcoin? Um if you know about

buy Bitcoin? Um if you know about Bitcoin, understand it, like it, care about it, I would recommend just buying it straight from the source. So, um,

River or Coinbase or whatever and then storing it on a cold storage wallet. If

you don't know what that is, don't buy it yet because you don't understand it.

But if you if you want to research research like just type on YouTube, what's a cold storage wallet? You'll

hear, you know, how to use it and how to do it. If it seems too complicated,

do it. If it seems too complicated, don't go that route. just get the Bitcoin ETF like Ibit or

FBTC, Fidelity BTC. Um, those are just the price action of if Bitcoin goes up then you make money. If it goes down, you lose money. Same thing as like the

S&P 500 kind of, but it's just Bitcoin.

So, at least that's regulated. At least

it's not going to get hacked and taken out of your account. Whereas, if you buy it from Coinbase or something, there can be different hacks and different things on stuff like that. So, I would only

suggest that you buy it straight from the source if you're going to move it to a cold storage wallet.

What is your thought on like the BTCIs that are doing income off of Bitcoin? Is

that It's not something that I've done a lot of research in. So, I've only I've seen that and then read a couple of things on it. to me it doesn't interest

me at this point but when it becomes more stable like a bond kind of um that is where I could understand um an income

source from that um and there's a lot of different ways that this can be used as an instrument down the road but for now I see it as a speculative asset that I'm

willing to hold but it's high risk high reward but all in all what I want to just like end with for today is um market sentiment is scared. People are

fearful. And so if you're feeling that way, I want to let you know I see you. I

I feel the same even though I have this industry or I I'm in this industry. I I

feel it a little bit too. I mean, it's not fun to see a portfolio drop in value. It's definitely not fun. Um, but

value. It's definitely not fun. Um, but

I just want to second what I said earlier, which was if you feel very scared. It just means you're in too much

scared. It just means you're in too much risk in your portfolio. And it's not necessarily today the best time to just jump out of something totally. But, um,

it might be a good idea to have a strategy session with me so that we can figure out what's the best way to get you to what's going to be more comfortable for you or to just keep

learning for yourself. What are going to be assets that in case something drops crazy like it has been, what's going to make you feel more comfortable? If you

have a job right now and your income or your your basic needs are being met, you're doing better than a lot of people. So, understand that you're

people. So, understand that you're blessed and remember that. Remember that

this is just a um portion of time. More

often than not, we're in good. Right

now, we're in not so good. But stay out of debt. Don't get into new debt right

of debt. Don't get into new debt right now. Um, pay off debt if you have extra

now. Um, pay off debt if you have extra money. Put more money into savings for,

money. Put more money into savings for, you know, a rainy day, which could happen sooner than we think. And other

than that, just keep smiling and, uh, listen to some good music and hang out with some family. All right, everybody. Well,

family. All right, everybody. Well,

that's it for today. Um, we're going to do another one of these in a week or two just to keep with it. Thank you for all of your insight from everybody. Um, and

we'll just keep going. Mike, if you ever hear anything new in the government world, um, if you want to throw that in the chat, we would love to to hear anything that you have to say there.

We'll do. All right, everybody. Have a

good rest of your Saturday and, uh, try to eat something good today. Yeah.

Thanks so much. Thanks. You're welcome.

Bye everybody.