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Welcome back to the Joseph, 
Carlson show. 

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That is correct. 
I did make a large sale. 

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I sold 15,000 dollars of one of 
my favorite companies ever, 

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which is VG. 
And in this episode. 

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I'll be explaining why. 
Now? 

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We also have some other news 
will be getting to Target. 

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For example, just this morning, 
slashed guidance again the 

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second time in three weeks. 
So, if you recall Target, just a

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month ago, / guidance and they 
were down, Twenty Eight percent 

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in one day. 
Just one day, they felt 28%. 

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Now this morning, they Slashed 
guidance. 

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Again, they started the day down
6%, They're starting to recover 

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a little bit companies, so far 
have not had earnings revisions 

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downwards. 
But this is starting to happen. 

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Target is now saying that their 
margins, their operating margins

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are going from a 5% to a two 
percent. 

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That is a huge move in projected
margins which hurts the 

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profitability of the company. 
So we'll be jumping into this 

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news, the Market's reaction, and
what this means for other 

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companies in your portfolio. 
Now, I also have some apple 

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news. 
Apple is still my largest 

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holding in my portfolio. 
We have some About their VR 

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headset, surprise surprise. 
It's going to be heavily 

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integrated into the Apple 
ecosystem. 

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And I think more integrated Than
People realize. 

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So, we'll go over some of those 
Integrations that Apple's going 

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to be doing. 
And then, of course, we had the 

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worldwide developer conference. 
This is something that a lot of 

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Apple Fanboys and apple 
enthusiasts. 

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Look forward to where they 
announced a lot of the software 

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Focus Features like being able 
to edit and completely remove 

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text messages or iMessages. 
So now you'll be able to 

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actually undo an iMessage. 
They also Announced a new 

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version of their MacBook Air, 
which is their best selling 

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MacBook. 
So, this is an important update 

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and overall. 
It looks pretty good. 

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So we have all of that. 
Apple news. 

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We have the target news and 
retailers and we have why I sold

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v g. 
So we have a lot to get to in 

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this episode. 
I think you're going to enjoy 

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it. 
Let's go ahead and Jump Right In

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now. 
Let's start off with the Vici 

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sale. 
I want to go ahead and explain 

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this. 
So, in my passive income 

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portfolio, I invest in dividend 
growth companies. 

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And one of them that I've been 
the most excited about in the 

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most enthusiastic about Past 
year and a half is a real estate

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investment. 
Trust, a fancy way of just 

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saying a publicly traded real 
estate stock. 

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They have certain rules that 
other companies don't have, but 

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it's basically all it is. 
It's a real estate company that 

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you invest, in, you buy shares 
of. 

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And then you get the rent that 
they get from their tenants. 

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Whenever they get paid rent. 
They have to pay out 90% of that

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rent as dividends to you the 
shareholder and in exchange for 

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that these companies get very 
favorable tax treatment from the

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government. 
So, in whole these companies 

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Don't pay a lot in taxes. 
That's a real estate investment 

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trust. 
Now, among these different Real 

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Estate Investment Trust. 
There's ones that are in 

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tried-and-true. 
Categories have been around for 

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a very long time. 
The one that most dividend 

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investors initially go to his 
realty, income Corp. 

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This company's been around for a
very long time. 

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It's beaten the market since its
IPO year-over-year. 

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It pays a dividend every single 
month and that is what this 

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company does. 
It's done monthly dividend 

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paying company. 
Now I held realty, income Corp 

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for some time and I later sold 
the company in favor of EG. 

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I saw better opportunity there 
another company that I held at 

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the same time was store Capital.
This is a little bit younger of 

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a company started by Christopher
Volk who was later removed a CEO

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and at one time even Warren 
Buffett was invested in this 

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company, but he sent sold his 
stake store Capital, had a 

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different investment thesis, 
rather than focusing on high 

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quality. 
They focused on high yield and 

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rather than focusing on a Mote, 
they focused on diversification.

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Now, this company's great. 
It has its merits, but I saw 

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better opportunity with Vici the
way that I found out about vici.

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By visiting Vegas. 
I went in the summer of 2021 and

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at the time it was just so busy.
There are so many people there 

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and this is when people were 
supposed to be scared of covid. 

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So this is kind of in the midst 
of it and I thought, wow, 

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there's a lot of demand here. 
And when I looked at the various

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investment opportunities between
the different casinos, I came up

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with their real estate owner 
that seem to be buying up all 

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over the Vegas Strip and was 
this company called Vici. 

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They already own Caesars Palace 
and they were under agreement, 

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the by the Venetian, which is 
one of the most Quality places 

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on the Vegas Strip and that's 
when I started to research this 

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company and the more I 
researched it, the more I liked 

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it, come August 8th of 2021. 
I came up with a video 

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highlighting my entire Bowl 
thesis on VG. 

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The reason that I'm buying the 
company and I went through a 

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number of catalysts, a number of
things that I think would cause 

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the fundamentals to improve and 
the company's stock price to 

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move up. 
One of them is that they're 

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growing they're a FF 0 which is 
like a company growing their 

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earnings, right? 
It's almost their free cash flow

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year-over-year and H-he's a ffo 
was growing at a time that every

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other real estate companies was 
shrinking. 

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Every other company was having a
difficult time simply collecting

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rent, VG was collecting 100 
percent of rent and growing 

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their a ffo by 12% per year. 
That is substantial most Roots, 

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grow their ffo somewhere in the 
range of 2 to 4 percent per 

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year. 
So 12% is rapid VG. 

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Was diversifying their Tena base
at the time. 

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Just last year, VG was heavily 
concentrated into Caesars 

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Caesars made up like 80% Of 
their rents, so they had a 

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problem. 
Anytime. 

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You have one customer one 
tenant, making up that big of a 

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portion of your revenue and your
income. 

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That's problematic because 
you're heavily reliant on how 

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that customer does is a 
business, but they were 

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diversifying away from Caesars. 
They're buying MGM which would 

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diversify almost their rents in 
half. 

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So 40 percent came from MGM 40, 
percent came from Caesars and 

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then they're doing all different
deals outside of that after 

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these catalysts would increase 
their cash flow to 500 million 

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in cash. 
After Ping. 

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The dividends Avicii would be, 
well, positioned to continue 

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doing a creative deals. 
And another thing that virtue is

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trying to improve at this time. 
Just last year is that they had 

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a sub investment-grade balance 
sheet, which means that they're 

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not as credit, worthy as other 
REITs, and they have a higher 

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cost of capital getting loans 
was more expensive. 

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So that was something else that 
they're trying to improve was 

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getting that investment-grade 
balance sheet. 

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And then the final Catalyst, the
final goal for VG and what this 

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all culminated to was getting 
positioned for SP inclusion. 

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This is I outlined right there 
as I think the final goal of all

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of this. 
So this is my thesis in 2021. 

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Summarized VG was a high quality
company that possessed a large 

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moat because of the uniqueness 
of their buildings, VG has a 

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high quality competent 
management team. 

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I even got the opportunity to 
speak with the CEO. 

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I asked him not softballs. 
I asked him Hardball questions. 

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Specific questions about risks 
and concerns, and valuation and 

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all different things with the 
company and you had extremely 

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competent answers for A single 
question, I threw out them. 

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I also found Vici to be 
undervalued in absolute terms 

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and relative to its peers. 
So I found it be a wide moat 

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company undervalued, high 
quality management, and this big

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list of catalyst future 
catalysts to help this stock 

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move up. 
And overall. 

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I thought the company was a buy 
at a high amount of upside. 

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A low amount of downside. 
Now, what happened after buying 

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this company? 
Well, of course, the stock price

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drifted down words, more and 
more and more into the red. 

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And I kept buying this company, 
even though it was drifting 

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downwards and that's it. 
A cool thing to do as a YouTuber

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because if you buy a stock and 
your public about it, and the 

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price goes down at all. 
After purchase, you will 

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inevitably get a lot of 
criticism. 

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That's just part of the deal. 
I received a number of negative 

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comments after VG, started to 
trade in the red VG was a 

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mistake. 
Glad I didn't get a board 

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Joseph's hype train. 
He's been bending over backwards

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for months to try and justify 
his bullish stance on the 

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company. 
The entire Market is up and Vici

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is down and that km at the time 
one year ago was correct. 

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The entire Market was up and 
virtuous down but over the past 

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year, a lot of the fundamentals 
were changing with Vici. 

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If we go through the list of 
catalysts and just outline them 

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look at which ones have been 
done, the acquisition of the 

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Venetian. 
This was something that was up 

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in the air and you can put a 
check mark next to that. 

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It's done Vici. 
Now completely owns the 

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Venetian, we have the 
acquisition of MGM growth. 

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This is a massive deal and Vici 
completed this deal. 

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It's done. 
They own MGM growth. 

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The business model being 
recognized by competitors. 

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And Other institutions, this is 
part of the original thesis. 

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Well, we have examples that this
has already happened realty, 

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income corpse saw the Merit in 
VG's business model and they're 

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starting to follow suit. 
They purchased the Boston 

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Harbor, which is a huge Casino 
real estate property for one 

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point seven billion dollars. 
Then we have the 

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investment-grade balance sheet. 
This was a big part of each. 

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He's goal because once you get 
to that investment grade balance

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sheet, you get that lower cost 
of capital. 

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They now have the investment 
grade balance sheet rating. 

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Then we have the inclusion of VG
into the air. 

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S&P 500, and they did it because
they Diversified their revenue 

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stream and their tenant base. 
They got their balance sheet to 

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investment-grade. 
They were considered and 

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included in the S&P. 500 along 
with a couple other companies, 

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and it caused a stock price to 
jump over 5%. 

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In one day. 
The final thing that I looked at

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was the valuation of the company
because as great as youichi is 

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and is great. 
As a futurist for the company, 

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we still have to pay attention 
evaluations and the valuation 

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gap between Vici and it's pairs 
closed. 

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Meaning the Delta between Queen 
the to was no longer there Vici 

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was not selling at a substantial
discount compared to its pairs. 

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So the thesis on this company 
has really played out perfectly,

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the stock price did kind of air 
downwards for a while, but 

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year-to-date. 
It's actually doing quite well. 

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It's up six and a half percent 
year-to-date and it's up 19% 

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from it slows. 
That's not factoring in 

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dividends, which would add 
another 3% to this performance 

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because this is a high yielding 
dividend-paying company. 

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And this is at the same time 
period, that the S&P 500 is down

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14% And The EQ is down 23% And 
with that great performance in 

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the veggie stock price moving 
up. 

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It's no longer trading at a 
discount relative to its pairs 

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or the rest of the market. 
In fact, Vici. 

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Now trades at a price to funds 
from operation of 17. 

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That's in kind of the premium 
range among streets realty 

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income Corp, which is considered
one of the most high quality 

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REITs. 
In the industry is trading at a 

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cheaper price, a 16.7 and that 
is simply why I decided to trim 

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my position yesterday and take 
fifteen thousand dollars in 

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gains. 
So, June 6 at Market open I see.

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Fifteen thousand dollars worth 
of Vici at a price of around 

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$33. 
So, right now I have twelve 

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thousand dollars sitting in 
cash. 

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I've already spent three 
thousand dollars of the sale on 

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other things that I'll talk 
about in a minute, but I want to

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go over more of why I'm selling 
a little bit of vgy. 

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I'm trimming some of my 
position, and for reference this

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sale brought my position size 
down from forty two thousand 

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dollars to twenty five thousand 
dollars. 

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So I still have a meaningful 
amount invested in. 

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Fiji. 
I'm still bullish on the 

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company. 
I still see a bright future 

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ahead of him, but I thought it 
would be prudent to take some 

228
00:10:29,800 --> 00:10:33,000
Gains, while things have moved 
so much into the positive and 

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00:10:33,000 --> 00:10:35,400
this is difficult to do. 
Because the truth is, I have a 

230
00:10:35,400 --> 00:10:39,400
very difficult time selling. 
I have a very easy time buying, 

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00:10:39,400 --> 00:10:41,900
I love doing research on 
companies, finding undervalued 

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00:10:41,900 --> 00:10:44,800
companies and buying companies 
when other people don't want to 

233
00:10:44,800 --> 00:10:46,800
buy them. 
And I think that's the heart of 

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00:10:46,800 --> 00:10:49,800
a value investor, but I think 
that one thing, a lot of value, 

235
00:10:49,800 --> 00:10:53,100
investor struggle with is 
selling when to know when to 

236
00:10:53,100 --> 00:10:56,000
sell her, trim a position. 
And this comes because of the 

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00:10:56,000 --> 00:10:58,900
advice of major value investors 
like Warren Buffett. 

238
00:10:59,000 --> 00:11:01,800
We often hear The advice 
repeated over and over again 

239
00:11:01,800 --> 00:11:05,300
from Warren Buffett of why you 
should just buy and hold simply.

240
00:11:05,300 --> 00:11:07,400
Just buy and hold. 
Never worry about selling. 

241
00:11:07,600 --> 00:11:09,300
You want to hold companies for 
life. 

242
00:11:09,300 --> 00:11:12,200
That's the advice that we get 
over and over again from Warren 

243
00:11:12,200 --> 00:11:13,700
Buffett. 
Well, that's the advice that we 

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hear from Warren Buffett and it 
is true that he holds some 

245
00:11:16,100 --> 00:11:18,000
companies for a very long period
of time. 

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00:11:18,200 --> 00:11:21,100
He sought Coca-Cola for decades,
but what I think doesn't get 

247
00:11:21,100 --> 00:11:24,100
shared as much about Warren 
Buffett is that he buys and 

248
00:11:24,100 --> 00:11:26,900
sells all the time, quite 
frequently. 

249
00:11:26,900 --> 00:11:29,400
He's constantly buying companies
trimming. 

250
00:11:29,700 --> 00:11:32,100
Missions and selling entirely 
out of positions. 

251
00:11:32,300 --> 00:11:35,800
And if you ever look at a 13f 
filing from Berkshire, Hathaway,

252
00:11:36,100 --> 00:11:39,300
literally every single quarter, 
he's selling out a different 

253
00:11:39,300 --> 00:11:40,900
companies. 
Just last quarter. 

254
00:11:40,900 --> 00:11:44,700
He reduced or Capital by 40%, 
You reduced royalty Pharma by 

255
00:11:44,700 --> 00:11:47,800
82%, You sold entirely out of 
its Verizon stake. 

256
00:11:47,900 --> 00:11:50,000
AbbVie. 
Bristol-Myers, Squibb and Wells,

257
00:11:50,000 --> 00:11:52,700
Fargo, this you don't hear about
that often. 

258
00:11:52,700 --> 00:11:54,600
That Warren Buffett is selling 
different stocks. 

259
00:11:54,900 --> 00:11:56,900
But Warren Buffett is a value. 
Investor. 

260
00:11:57,000 --> 00:12:00,300
He buys companies that are 
undervalued, when Other people 

261
00:12:00,300 --> 00:12:03,400
don't want anything to do with 
them and he sells them when 

262
00:12:03,400 --> 00:12:06,600
they're overvalued and everyone 
else loves a companies and 

263
00:12:06,600 --> 00:12:09,000
quarter after quarter. 
He's done the same. 

264
00:12:09,200 --> 00:12:11,700
He's bought companies. 
He's held onto companies, but 

265
00:12:11,700 --> 00:12:15,700
he's also continually making 
sales every single quarter. 

266
00:12:15,700 --> 00:12:18,600
He is making sales. 
So I think even with the poster 

267
00:12:18,600 --> 00:12:22,300
child of buy and hold it should 
be noted that he does make sales

268
00:12:22,300 --> 00:12:25,200
when his company's move up to 
premium prices. 

269
00:12:25,200 --> 00:12:27,500
No matter how high quality the 
company is. 

270
00:12:27,600 --> 00:12:30,900
He even sold out a Costco 
because of earns about valuation

271
00:12:31,100 --> 00:12:33,000
Warren Buffett. 
Again, is a value investor. 

272
00:12:33,000 --> 00:12:35,700
He buys companies, when other 
people don't want them. 

273
00:12:35,900 --> 00:12:38,100
He sells them when other people 
do want them. 

274
00:12:38,200 --> 00:12:40,700
And that's what I'm trying to 
improve on with my portfolio. 

275
00:12:40,800 --> 00:12:44,100
I'm trying to buy in a pessimism
when other people don't want the

276
00:12:44,100 --> 00:12:45,700
stocks. 
When other people are mocking 

277
00:12:45,700 --> 00:12:48,500
you for buying it saying that 
it's a horrible purchase and 

278
00:12:48,500 --> 00:12:51,200
then selling it, when 
everybody's on board agreeing 

279
00:12:51,200 --> 00:12:54,000
that, it's a great company and 
there's no price too high to 

280
00:12:54,000 --> 00:12:55,800
pay. 
I can look at an example of a 

281
00:12:55,808 --> 00:12:59,500
company that I didn't do this 
with, it was Disney, Disney was 

282
00:12:59,500 --> 00:13:01,800
a Company that I bought at the 
right time. 

283
00:13:01,800 --> 00:13:04,300
I really did buy this company at
a great time. 

284
00:13:04,500 --> 00:13:06,800
I did the research. 
I had a thesis on it. 

285
00:13:07,000 --> 00:13:11,000
I had the thesis, even play out 
exactly how I said it would, but

286
00:13:11,000 --> 00:13:12,500
then I didn't take advantage of 
it. 

287
00:13:12,500 --> 00:13:14,400
I didn't take any gains off the 
table. 

288
00:13:14,500 --> 00:13:17,300
We can look at the big mistake. 
I made with Disney on this price

289
00:13:17,300 --> 00:13:18,700
chart. 
This is the price chart of 

290
00:13:18,708 --> 00:13:21,300
Disney and it shows when I 
bought the company right here. 

291
00:13:21,300 --> 00:13:24,000
I have circled that I'm buying 
the company, right? 

292
00:13:24,000 --> 00:13:25,700
I'm praying. 
I'm hoping that the price is 

293
00:13:25,700 --> 00:13:28,400
going to go up because I've done
my fundamental analysis on it. 

294
00:13:28,400 --> 00:13:30,700
I've made my entire investment. 
Thesis on the company. 

295
00:13:30,900 --> 00:13:32,600
I put a lot of money in the 
company. 

296
00:13:32,600 --> 00:13:35,900
I was buying it in the range of 
80 to 120 dollars, a share, 

297
00:13:36,100 --> 00:13:38,900
which was well below the price 
that was trading at pre covid. 

298
00:13:38,900 --> 00:13:42,300
And I thought that over time 
with the rapid growth of Disney 

299
00:13:42,300 --> 00:13:45,600
plus with the Mandalorian and 
these key series being put on 

300
00:13:45,600 --> 00:13:48,700
it, that investors would soon 
turn bullish on the company, 

301
00:13:48,700 --> 00:13:52,100
will guess what they did. 
They did soon turn bullish on 

302
00:13:52,108 --> 00:13:55,400
the company and the stock price 
rocketed up from a hundred and 

303
00:13:55,408 --> 00:13:58,700
twenty dollars a share up to 
almost $200 a share. 

304
00:13:59,800 --> 00:14:00,900
Guess what? 
I did. 

305
00:14:01,100 --> 00:14:03,500
I said I'm a Buy and Hold 
investor. 

306
00:14:03,600 --> 00:14:05,900
I'm not going to take any 
profits at all. 

307
00:14:06,100 --> 00:14:09,300
And at the time I felt great but
I was ignoring something 

308
00:14:09,300 --> 00:14:12,300
important at this time Disney 
was trading at a premium 

309
00:14:12,300 --> 00:14:14,500
valuation at a pretty high 
valuation. 

310
00:14:14,800 --> 00:14:19,000
Plus, investor mood was very 
high on the company sentiment 

311
00:14:19,000 --> 00:14:21,400
and enthusiasm was at an 
all-time high. 

312
00:14:21,600 --> 00:14:25,300
I had the perfect combination to
sell to an enthusiastic crowd of

313
00:14:25,308 --> 00:14:28,700
investors at very high prices 
and make around ten thousand 

314
00:14:28,700 --> 00:14:31,600
dollars of gains in In the 
process, but what I did was I 

315
00:14:31,600 --> 00:14:34,900
just held on to my shares all 
those paper gains vanished away 

316
00:14:34,900 --> 00:14:37,900
over the coming months and now 
Disney's trading at next to a 

317
00:14:37,900 --> 00:14:41,700
hundred dollars, a share 
anywhere from 100 to 110. 

318
00:14:41,900 --> 00:14:45,000
It's below my cost basis. 
So now I'm stuck back into this 

319
00:14:45,000 --> 00:14:48,400
hoping category that Disney will
once again have investors turn 

320
00:14:48,400 --> 00:14:51,200
bullish and get enthusiastic, 
and I can take advantage of that

321
00:14:51,200 --> 00:14:54,600
enthusiasm once again, but this 
opportunity here is gone, add 

322
00:14:54,600 --> 00:14:58,200
the perfect opportunity to take 
some off the table to lock in a 

323
00:14:58,200 --> 00:15:02,000
lot of gains off of a That my 
thesis originally played out in 

324
00:15:02,200 --> 00:15:04,800
and I didn't do that. 
See, the truth is selling is 

325
00:15:04,800 --> 00:15:06,900
difficult. 
It's easy to buy companies in 

326
00:15:06,900 --> 00:15:09,500
the look for companies that are 
undervalued, but knowing when to

327
00:15:09,500 --> 00:15:12,400
sell them is difficult. 
And for now on, when I see a 

328
00:15:12,400 --> 00:15:15,800
company, even a high quality 
company trade at a premium 

329
00:15:15,800 --> 00:15:18,500
valuation and my thesis plays 
out on the company. 

330
00:15:18,800 --> 00:15:21,400
I'll be looking at either 
selling or trimming the position

331
00:15:21,400 --> 00:15:23,100
to take some gains. 
One of the phrases. 

332
00:15:23,100 --> 00:15:25,200
We hear about frequently as 
investors is. 

333
00:15:25,200 --> 00:15:28,400
It's not a loss until you sell, 
if the company moves down in 

334
00:15:28,400 --> 00:15:31,300
price and you're in the red, Ed,
you really haven't lost any 

335
00:15:31,300 --> 00:15:33,900
money until you realize it. 
By selling the company, I have 

336
00:15:33,900 --> 00:15:36,000
companies that are new 
Investments that I'm in the red 

337
00:15:36,000 --> 00:15:38,500
right now that I don't really 
consider them a loss because I 

338
00:15:38,500 --> 00:15:41,100
haven't sold them. 
I still hold these companies. 

339
00:15:41,200 --> 00:15:44,100
The same thing applies to gains.
You really don't have a gain 

340
00:15:44,100 --> 00:15:47,700
until you sell the stock price. 
Moving up is one thing but it 

341
00:15:47,700 --> 00:15:49,900
can move down if you don't take 
any of those gains. 

342
00:15:50,000 --> 00:15:52,600
So in summary, that's why I trim
my VG position by fifteen 

343
00:15:52,600 --> 00:15:55,200
thousand dollars, even though 
the company has a bright future 

344
00:15:55,200 --> 00:15:58,500
in the fundamentals are as great
as ever the valuation Gap. 

345
00:15:58,500 --> 00:16:02,500
The undervalued Miss of Company 
is gone, that Gap is closed. 

346
00:16:02,500 --> 00:16:04,400
And it now trades at a bit of a 
premium. 

347
00:16:04,500 --> 00:16:06,500
And for me personally, I think 
that's a good time to take some 

348
00:16:06,500 --> 00:16:08,400
gains. 
When I look at this trade. 

349
00:16:08,500 --> 00:16:10,100
This is what it looks like. 
Overall. 

350
00:16:10,200 --> 00:16:12,800
Since purchase. 
The Dow Jones is down, four 

351
00:16:12,800 --> 00:16:16,000
point four six percent. 
The S&P 500 is down three point 

352
00:16:16,000 --> 00:16:19,300
eight percent. 
The NASDAQ is down 12.8% and VG 

353
00:16:19,300 --> 00:16:22,700
between its dividends capital 
appreciation and the acquisition

354
00:16:22,700 --> 00:16:27,600
of MGM growth, which I also own 
is up a combined 27.3%. 

355
00:16:27,800 --> 00:16:29,500
That is a total gain of the 
time. 

356
00:16:29,600 --> 00:16:31,800
Of sale of eight thousand, two 
hundred dollars. 

357
00:16:31,800 --> 00:16:33,300
Now. 
What am I doing with the fifteen

358
00:16:33,300 --> 00:16:35,900
thousand dollars from the sale 
will let me go over that real 

359
00:16:35,900 --> 00:16:36,800
quick? 
Anytime. 

360
00:16:36,800 --> 00:16:38,800
I don't have an immediate place 
to put money. 

361
00:16:39,000 --> 00:16:41,000
I'll build up. 
My SC HD holding. 

362
00:16:41,200 --> 00:16:43,200
This is kind of like a cash 
position. 

363
00:16:43,200 --> 00:16:46,300
I can just sit money hair. 
It diversifies it automatically 

364
00:16:46,300 --> 00:16:48,800
into 100 high-quality 
dividend-paying companies and 

365
00:16:48,800 --> 00:16:51,400
I'll continue to build up this 
position any time that I don't 

366
00:16:51,400 --> 00:16:54,500
have an active bet that I want 
to put a lot of money into. 

367
00:16:54,700 --> 00:16:57,300
So this way, I don't feel 
pressured to dump my money from 

368
00:16:57,300 --> 00:16:59,900
one sail into a different 
company, but I also Some 

369
00:16:59,900 --> 00:17:01,900
companies that I am bullish on 
right now. 

370
00:17:01,900 --> 00:17:04,200
A few of them are in the 
restaurant category and these 

371
00:17:04,200 --> 00:17:07,400
are companies that nobody wants 
anything to do with this is 

372
00:17:07,400 --> 00:17:10,599
buying into pessimism Starbucks.
Has unitization. 

373
00:17:10,599 --> 00:17:12,800
They have problems with China 
that problems with their 

374
00:17:12,800 --> 00:17:15,800
leadership and their CEO. 
They have all sorts of problems 

375
00:17:15,800 --> 00:17:19,200
that have driven down investor 
sentiment to all-time lows. 

376
00:17:19,200 --> 00:17:22,200
The stock price. 
For Starbucks is down 29 percent

377
00:17:22,200 --> 00:17:24,500
year-to-date. 
And over the past five years. 

378
00:17:24,500 --> 00:17:29,000
It's only up 27% It trades right
now at $79 and it's all time 

379
00:17:29,000 --> 00:17:30,400
highs around. 
And 120. 

380
00:17:30,400 --> 00:17:32,900
So this is another instance that
feels familiar. 

381
00:17:32,900 --> 00:17:35,400
I'm trying to buy from pessimism
with Starbucks. 

382
00:17:35,600 --> 00:17:38,100
And while we have all these 
negative things going on all 

383
00:17:38,100 --> 00:17:40,900
this negative stuff in the news,
people lose track of the fact 

384
00:17:40,900 --> 00:17:42,900
that Starbucks is still a high 
quality brand. 

385
00:17:43,100 --> 00:17:46,100
People love the company. 
They go, They're routinely every

386
00:17:46,100 --> 00:17:47,800
single day. 
They serve a product that's 

387
00:17:47,800 --> 00:17:50,700
never going out of style. 
It still has secular growth and 

388
00:17:50,700 --> 00:17:53,100
a great balance sheet and it 
produces massive amount of free 

389
00:17:53,100 --> 00:17:55,800
cash flows and it pays almost a 
3% dividend yield. 

390
00:17:55,900 --> 00:17:58,400
This is a high quality company 
trading at a historically low 

391
00:17:58,400 --> 00:18:00,700
valuation. 
And I'm okay holding this 

392
00:18:00,700 --> 00:18:03,600
company through the red for a 
long period of time. 

393
00:18:03,700 --> 00:18:06,400
Continuing to dollar cost 
average in it, because I think 

394
00:18:06,400 --> 00:18:09,900
that one day again, investors 
will turn bullish on the company

395
00:18:10,100 --> 00:18:13,100
sentiment will improve and the 
mood of the investors will push 

396
00:18:13,100 --> 00:18:15,100
the price up to new all-time 
highs. 

397
00:18:15,300 --> 00:18:17,800
And in the meantime, I'll 
continue to dollar cost average 

398
00:18:17,900 --> 00:18:19,600
and patiently wait for that to 
happen. 

399
00:18:19,700 --> 00:18:22,300
So I'll keep you updated on what
I do with this cash, but I am 

400
00:18:22,300 --> 00:18:24,800
going to be spending it over the
next month or so, now, if you 

401
00:18:24,800 --> 00:18:27,200
want to see more of this type of
stuff in the future, if you want

402
00:18:27,200 --> 00:18:29,900
to see what I'm doing with my 
portfolios, I'm one of the A few

403
00:18:29,900 --> 00:18:32,300
people on YouTube in content 
creation. 

404
00:18:32,500 --> 00:18:35,800
That shares, my portfolios. 
Every single week, completely 

405
00:18:35,800 --> 00:18:38,700
transparently the progress of 
it, the gains and losses. 

406
00:18:38,700 --> 00:18:41,700
The traits that I'm doing in the
research, all for free every 

407
00:18:41,700 --> 00:18:43,400
single week. 
All you have to do is subscribe 

408
00:18:43,400 --> 00:18:45,000
to the channel. 
Now, let's go ahead and move on 

409
00:18:45,000 --> 00:18:48,000
to the Target news and the 
struggle with retailers, before 

410
00:18:48,000 --> 00:18:50,500
we jump into that. 
I do have some exciting news. 

411
00:18:50,800 --> 00:18:54,100
We have a new sponsor of the 
Joseph Carlson show, which is 

412
00:18:54,100 --> 00:18:57,200
FTX u.s. 
Now, I know this is shocking. 

413
00:18:57,300 --> 00:18:59,500
I've done this show for nearly 
three years. 

414
00:18:59,700 --> 00:19:03,400
Years, and I've really done 
almost no sponsorships over that

415
00:19:03,400 --> 00:19:05,600
time. 
And I finally decided to take on

416
00:19:05,600 --> 00:19:08,600
a sponsorship because I actually
trust them and I think that 

417
00:19:08,600 --> 00:19:11,100
their platforms pretty amazing. 
So let me tell you about the 

418
00:19:11,100 --> 00:19:13,400
platform a little bit and what I
plan on doing with it. 

419
00:19:13,600 --> 00:19:17,400
This is FTX us which is one of 
the world's largest US regulated

420
00:19:17,400 --> 00:19:20,200
crypto exchanges. 
Millions of people every day use

421
00:19:20,200 --> 00:19:23,500
FTX to buy and sell top 
cryptocurrencies and n f keys 

422
00:19:23,500 --> 00:19:24,600
with no fees. 
Now. 

423
00:19:24,600 --> 00:19:26,400
Another thing. 
I like about FTX in the reason 

424
00:19:26,400 --> 00:19:29,100
that I had them sponsor, the 
channel is because they're well 

425
00:19:29,100 --> 00:19:30,900
back. 
This is a stable company. 

426
00:19:31,000 --> 00:19:33,100
They have huge brand 
Partnerships with people like 

427
00:19:33,100 --> 00:19:35,300
Tom Brady Kevin O'Leary Steph 
Curry. 

428
00:19:35,500 --> 00:19:37,800
They even have Tom Brady 
investing in the company and the

429
00:19:37,800 --> 00:19:40,400
founder of the company seems 
like a decent guy and he is 

430
00:19:40,400 --> 00:19:42,700
incredibly Rich. 
His name sandbanks been freed. 

431
00:19:42,900 --> 00:19:46,700
He has a reported eleven point 
six billion dollar net worth as 

432
00:19:46,700 --> 00:19:48,200
of right now. 
He said that he's going to give 

433
00:19:48,200 --> 00:19:50,700
away 99% of it to charity and 
he's already started 

434
00:19:50,700 --> 00:19:53,400
foundations. 
And the incredible thing here is

435
00:19:53,400 --> 00:19:56,100
that he's 30 years old. 
So this is a young guy. 

436
00:19:56,100 --> 00:19:59,100
He's younger than me and he's 
worth eleven point six billion 

437
00:19:59,100 --> 00:20:00,700
dollars. 
Just pretty incredible. 

438
00:20:00,700 --> 00:20:03,500
Now, you might be saying, all 
right, FTX is a great platform. 

439
00:20:03,500 --> 00:20:06,000
It has Financial backing as well
liked by Traders and 

440
00:20:06,000 --> 00:20:08,400
cryptocurrency. 
But Joseph, you're not a 

441
00:20:08,400 --> 00:20:11,000
cryptocurrency guy. 
You don't own this type of 

442
00:20:11,000 --> 00:20:12,000
stuff. 
And that's true. 

443
00:20:12,000 --> 00:20:14,300
I've never really been big into 
cryptocurrencies. 

444
00:20:14,300 --> 00:20:17,100
But what most people aren't 
aware of right now is that FTX 

445
00:20:17,100 --> 00:20:19,900
is expanding Beyond 
cryptocurrencies, they're going 

446
00:20:19,900 --> 00:20:22,600
into stocks and that's what 
caught my attention now. 

447
00:20:22,600 --> 00:20:25,300
F DX is most known for their 
crypto currency exchange and all

448
00:20:25,300 --> 00:20:27,800
their cryptocurrency tools. 
But what they're doing is 

449
00:20:27,800 --> 00:20:30,100
they're moving into stocks. 
And this is What I find 

450
00:20:30,100 --> 00:20:31,100
interesting. 
Now. 

451
00:20:31,100 --> 00:20:33,800
This is currently in beta. 
So if you sign up right now, it 

452
00:20:33,800 --> 00:20:36,300
will have beta access. 
They currently have hundreds of 

453
00:20:36,308 --> 00:20:38,300
people testing it and they're 
going to be releasing it more 

454
00:20:38,300 --> 00:20:41,300
widely soon. 
Now, I got beta access to this 

455
00:20:41,300 --> 00:20:43,600
and it's pretty cool. 
It's buy and sell any time. 

456
00:20:43,600 --> 00:20:45,900
There's no commissions. 
They're not accepting any 

457
00:20:45,900 --> 00:20:48,200
payment for order flow, which I 
think is all good things. 

458
00:20:48,500 --> 00:20:51,600
But what I plan on doing is 
something very specific on this 

459
00:20:51,700 --> 00:20:54,800
stock trading portion of FDX. 
You can see that I have three 

460
00:20:54,800 --> 00:20:57,700
shares of Amazon. 
I'm going to slowly be buying 

461
00:20:57,900 --> 00:21:01,400
more and more Amazon shares. 
Till I get to 100 shares of 

462
00:21:01,400 --> 00:21:03,700
Amazon. 
So it'll take some time to get 

463
00:21:03,700 --> 00:21:05,400
there. 
But the reason that I'm looking 

464
00:21:05,400 --> 00:21:08,700
to get to 100 shares of Amazon, 
is because 100 shares is where 

465
00:21:08,700 --> 00:21:11,200
it unlocks, the ability to run 
options. 

466
00:21:11,500 --> 00:21:14,600
And what I plan on doing with 
Amazon is turning this non 

467
00:21:14,600 --> 00:21:18,300
dividend paying stock into an 
income-generating stock, and I'm

468
00:21:18,300 --> 00:21:21,200
going to be doing that by 
selling covered call options. 

469
00:21:21,300 --> 00:21:24,500
So, I've never done that before.
I've never done any type of 

470
00:21:24,500 --> 00:21:26,600
options. 
I've never sold any covered 

471
00:21:26,600 --> 00:21:29,000
calls before, but I'm going to 
learn how to do it. 

472
00:21:29,000 --> 00:21:31,800
So, If you want to follow along 
with this sign up for a count 

473
00:21:31,800 --> 00:21:34,900
yourself, I put a link in the 
description of this video as 

474
00:21:34,900 --> 00:21:37,200
well as in the pin comment. 
It's completely free. 

475
00:21:37,200 --> 00:21:39,600
There's no strings attached. 
It took me literally, two 

476
00:21:39,600 --> 00:21:42,000
minutes to sign up and you can 
follow along with this. 

477
00:21:42,300 --> 00:21:45,400
Once I get to a hundred shares 
and FTX builds out their 

478
00:21:45,400 --> 00:21:47,600
options, portion. 
I'm going to be learning how to 

479
00:21:47,600 --> 00:21:50,600
do covered, call options and 
turn Amazon into an 

480
00:21:50,600 --> 00:21:54,000
income-generating asset where I 
earn income every single month. 

481
00:21:54,000 --> 00:21:56,500
Now, the majority of this is 
going to be on the Joseph 

482
00:21:56,500 --> 00:21:59,400
Carlson after-hours channel. 
So if you want to follow along, 

483
00:21:59,600 --> 00:22:02,700
This whole process in more 
detail and you're interested in 

484
00:22:02,708 --> 00:22:04,600
learning how to do covered. 
Call options. 

485
00:22:04,900 --> 00:22:07,100
Make sure you subscribe to the 
drills of Carlson after-hours 

486
00:22:07,100 --> 00:22:09,600
Channel because that's where 
I'll have most of that content, 

487
00:22:09,600 --> 00:22:12,100
but I'm excited to be doing this
because I've been told by many 

488
00:22:12,100 --> 00:22:14,500
people for a long period of time
that I should be selling covered

489
00:22:14,500 --> 00:22:17,200
calls on my stocks and this will
allow me to finally do it. 

490
00:22:17,200 --> 00:22:19,900
Now, in terms of my current 
portfolio and strategy, nothing 

491
00:22:19,900 --> 00:22:22,400
is changing with this. 
So I'm going to be learning how 

492
00:22:22,400 --> 00:22:25,800
to sell covered call options on 
the FTX platform, but nothing's 

493
00:22:25,800 --> 00:22:28,100
going to be changing with my 
passive income portfolio. 

494
00:22:28,100 --> 00:22:29,000
All right. 
Now moving on. 

495
00:22:29,000 --> 00:22:30,200
Let's jump. 
Into some news. 

496
00:22:30,200 --> 00:22:33,500
We have the headline news today 
that Target is warning of weaker

497
00:22:33,500 --> 00:22:38,200
profits as it faces overstuffed,
oversupplied stores with the 

498
00:22:38,200 --> 00:22:39,400
stuff. 
They no longer need. 

499
00:22:39,500 --> 00:22:43,600
So basically Target forecasted 
their demand and the items that 

500
00:22:43,600 --> 00:22:45,500
need in their stores 
incorrectly. 

501
00:22:45,800 --> 00:22:49,300
What they purchased for. 
Their customers was a bunch of 

502
00:22:49,300 --> 00:22:52,000
hard Goods. 
Things like patio furniture 

503
00:22:52,200 --> 00:22:54,100
outdoor stuff, right? 
As the customer was 

504
00:22:54,100 --> 00:22:56,900
transitioning more to soft 
goods, things like clothing and 

505
00:22:56,900 --> 00:22:59,000
grow trees and soon-to-be school
supplies. 

506
00:22:59,600 --> 00:23:02,100
Target purchased a bunch of the 
wrong stuff for their customer 

507
00:23:02,100 --> 00:23:04,800
at the wrong time. 
That creates a huge problem. 

508
00:23:04,800 --> 00:23:08,000
They say that big retailers like
Target benefited over the past 

509
00:23:08,000 --> 00:23:11,700
two years from the pandemic rush
to buy patio furniture laptops, 

510
00:23:11,700 --> 00:23:14,700
home decor and Shoppers were 
buoyed by Savings of the 

511
00:23:14,700 --> 00:23:18,000
government stimulus checks. 
Now many of those same Shoppers 

512
00:23:18,000 --> 00:23:21,500
are grappling with the Swift 
reversal of buying Behavior, 

513
00:23:21,700 --> 00:23:25,200
with consumer spending Less on 
Goods, in favors of services and

514
00:23:25,200 --> 00:23:27,100
Necessities such as food and 
fuel. 

515
00:23:27,300 --> 00:23:29,400
So people are now going on 
vacation there. 

516
00:23:29,500 --> 00:23:31,500
Going to travel, they're going 
to restaurants. 

517
00:23:31,600 --> 00:23:34,300
They're not going to Target 
quite as much Target. 

518
00:23:34,300 --> 00:23:37,600
And other retailers are seeing a
lot less traffic than they did. 

519
00:23:37,600 --> 00:23:39,600
Last year and targets for 
casting. 

520
00:23:39,600 --> 00:23:42,800
On this subject, has been 
terrible, just two weeks after 

521
00:23:42,800 --> 00:23:45,000
reporting, lower than expected. 
Profits. 

522
00:23:45,400 --> 00:23:48,600
Target said Tuesday, which is 
today, it will further reduce 

523
00:23:48,600 --> 00:23:51,600
some of its profit estimates for
the year because it will more 

524
00:23:51,600 --> 00:23:54,200
quickly unload. 
The excess inventory in the 

525
00:23:54,200 --> 00:23:56,200
current quarter. 
So they could have tried to keep

526
00:23:56,200 --> 00:23:59,400
their margins high and they just
sell these items more slowly. 

527
00:23:59,700 --> 00:24:02,400
The problem with that is that 
targets have limited space for 

528
00:24:02,400 --> 00:24:04,700
warehouse. 
And in order to get their space 

529
00:24:04,700 --> 00:24:07,000
filled for all their 
back-to-school Goods. 

530
00:24:07,200 --> 00:24:09,400
They need to get rid of the 
current Goods they have in there

531
00:24:09,600 --> 00:24:12,500
to get rid of them quicker. 
They have to discount them when 

532
00:24:12,500 --> 00:24:15,600
they discount them that lowers 
their operating margins and 

533
00:24:15,600 --> 00:24:17,400
they're expected to have their 
operating margins. 

534
00:24:17,400 --> 00:24:20,400
Go down from five percent down 
to 2%. 

535
00:24:20,400 --> 00:24:22,700
This is something that I 
literally warned about just a 

536
00:24:22,700 --> 00:24:25,900
week ago in my past episode. 
I said the market will fall 

537
00:24:25,900 --> 00:24:28,700
another 20% and granted. 
This is a little bit of a 

538
00:24:28,700 --> 00:24:31,100
clickbait titles. 
Title, the purpose of this video

539
00:24:31,100 --> 00:24:35,000
is not a prediction that the 
market would fall 20% but it was

540
00:24:35,000 --> 00:24:37,100
rather. 
What is priced into the market 

541
00:24:37,200 --> 00:24:38,000
right. 
Now. 

542
00:24:38,000 --> 00:24:41,500
The market is pricing in that 
companies will not have earnings

543
00:24:41,500 --> 00:24:44,700
revisions lower. 
And I said that if companies 

544
00:24:44,700 --> 00:24:48,800
have lowered earnings revisions 
for 2022, that could potentially

545
00:24:48,800 --> 00:24:52,500
drop the market, another 20%. 
So this isn't a prediction as 

546
00:24:52,500 --> 00:24:55,400
much as what is priced in and 
what isn't priced in right now, 

547
00:24:55,400 --> 00:24:58,000
companies are not priced into 
have their earnings revised 

548
00:24:58,000 --> 00:25:00,800
lower and that is precisely 
What's happening with Target 

549
00:25:00,800 --> 00:25:03,600
their earnings per share 
revisions upwards r0? 

550
00:25:03,600 --> 00:25:07,100
No, analyst is revising their 
earnings upwards, but 21 have 

551
00:25:07,100 --> 00:25:10,700
revised our earnings downward. 
So every single analyst has done

552
00:25:10,700 --> 00:25:13,200
another earnings revision, 
downward for Target saying the 

553
00:25:13,200 --> 00:25:15,300
company is going to be less 
profitable this year. 

554
00:25:15,300 --> 00:25:18,000
You can see this play out 
visually right here, all the EPS

555
00:25:18,000 --> 00:25:20,400
projections are going down and 
like we learned what the 

556
00:25:20,408 --> 00:25:23,200
previous episode, the price to 
earnings basis. 

557
00:25:23,200 --> 00:25:24,500
On a Ford. 
Multiple. 

558
00:25:24,800 --> 00:25:27,800
The E part of that is the 
forward earnings. 

559
00:25:28,000 --> 00:25:30,800
If that gets revised. 
Onwards, it makes the company 

560
00:25:30,800 --> 00:25:33,100
more expensive. 
So typically the price will 

561
00:25:33,100 --> 00:25:35,200
follow downwards. 
Now, there's some companies that

562
00:25:35,208 --> 00:25:38,200
have avoided this Salesforce for
instance has said that they're 

563
00:25:38,200 --> 00:25:39,700
actually going to be more 
profitable. 

564
00:25:40,000 --> 00:25:42,000
So they're a business to 
business company. 

565
00:25:42,200 --> 00:25:44,700
They're not trying to juggle 
consumer Behavior. 

566
00:25:44,700 --> 00:25:47,100
So they might have an easier 
time, gauging demand. 

567
00:25:47,200 --> 00:25:49,900
But Salesforce is increasing 
their earnings estimates Target 

568
00:25:49,900 --> 00:25:51,700
and other retailers are likely 
to lower. 

569
00:25:51,700 --> 00:25:53,200
There's and amongst retail 
companies. 

570
00:25:53,200 --> 00:25:56,000
This isn't a problem that just 
Target is facing trying to 

571
00:25:56,000 --> 00:25:59,300
predict the future behavior of 
consumers is very difficult. 

572
00:25:59,500 --> 00:26:03,100
For investors and Executives of 
these companies at Walmart's 

573
00:26:03,100 --> 00:26:04,900
annual shareholder meeting last 
week. 

574
00:26:05,000 --> 00:26:08,500
The executive said that around, 
20% of the elevated inventory, 

575
00:26:08,800 --> 00:26:10,800
consists of items, a company 
wishes. 

576
00:26:10,800 --> 00:26:14,300
They didn't have So 20% of their
stuff in inventory. 

577
00:26:14,600 --> 00:26:17,800
They're just saying, well, darn,
we don't need this. 

578
00:26:17,800 --> 00:26:20,000
We're not able to sell it. 
So it's literally going to sit 

579
00:26:20,000 --> 00:26:23,400
here and take up valuable space 
for the rest of the year as we 

580
00:26:23,400 --> 00:26:26,100
try to slowly, get rid of it. 
And they're saying that it's 

581
00:26:26,100 --> 00:26:29,100
going to take around at least 
the next couple of quarters to 

582
00:26:29,100 --> 00:26:30,700
get. 
Back to where they want to be. 

583
00:26:30,700 --> 00:26:33,800
So right now, these retailers 
are trying to juggle this 

584
00:26:33,800 --> 00:26:37,900
varying demand and this radical 
consumer shift in behavior of 

585
00:26:37,900 --> 00:26:40,600
what they're purchasing and it's
been really difficult to do. 

586
00:26:40,700 --> 00:26:43,800
Target has struggled with it. 
Walmart has Amazon has to a big 

587
00:26:43,800 --> 00:26:45,600
degree as well. 
I think the one that's handled 

588
00:26:45,600 --> 00:26:48,500
at best is probably Costco. 
So, this is the second time in 

589
00:26:48,500 --> 00:26:50,900
three weeks that Target has 
tried to take down the rest of 

590
00:26:50,900 --> 00:26:53,700
the stock market. 
And this time investors are kind

591
00:26:53,700 --> 00:26:55,700
of brushing it off. 
They're just saying, alright, 

592
00:26:55,800 --> 00:26:57,800
target has these issues, maybe 
retailers do. 

593
00:26:58,100 --> 00:26:59,300
But other than that, we're not 
really. 

594
00:26:59,500 --> 00:27:01,100
About it. 
So I think investors are kind of

595
00:27:01,100 --> 00:27:04,300
getting over the short-term 
problems with these companies. 

596
00:27:04,400 --> 00:27:05,900
And in terms of my holding of 
Target. 

597
00:27:05,900 --> 00:27:08,300
I'm still in the green only 
because I've held this company 

598
00:27:08,300 --> 00:27:10,700
for like three years. 
I initially invested just a 

599
00:27:10,700 --> 00:27:13,100
thousand dollars into it and 
it's done really well over that 

600
00:27:13,100 --> 00:27:15,400
period of time, but it has given
up a lot of its gains. 

601
00:27:15,400 --> 00:27:18,000
So even though I'm heavily in 
the green on this company, I'm 

602
00:27:18,000 --> 00:27:19,400
not going to be selling it right
now. 

603
00:27:19,400 --> 00:27:22,700
Target has traded both at a very
enthusiastic P/E ratio of above 

604
00:27:22,700 --> 00:27:25,900
20, which was probably the 
optimal time to take some gains 

605
00:27:25,900 --> 00:27:27,800
in this company. 
Now, down to the very 

606
00:27:27,800 --> 00:27:31,200
pessimistic, PE ratio of a 11. 
So I'm not going to be selling 

607
00:27:31,200 --> 00:27:33,300
it right now. 
Now, moving on we have some big 

608
00:27:33,300 --> 00:27:35,700
news out of apple. 
We know that Apple has been 

609
00:27:35,700 --> 00:27:38,300
working on a VR headset for some
time. 

610
00:27:38,500 --> 00:27:41,200
It's always been something that 
we're just hearing rumors and 

611
00:27:41,200 --> 00:27:43,600
leaks from. 
But we know this project is real

612
00:27:43,600 --> 00:27:46,200
and apples getting closer and 
closer to releasing it. 

613
00:27:46,200 --> 00:27:48,800
And we just got another set of 
leaks about this project. 

614
00:27:48,900 --> 00:27:52,100
This illustrates how heavily 
integrated this project is going

615
00:27:52,100 --> 00:27:56,700
to be meaning that Apple never 
builds, one separate device that

616
00:27:56,700 --> 00:27:59,300
kind of just operates on its own
every single device. 

617
00:27:59,500 --> 00:28:03,100
They have is heavily integrated 
into their ecosystem. 

618
00:28:03,300 --> 00:28:06,500
That is the Apple moat and even 
though Morningstar thinks that 

619
00:28:06,500 --> 00:28:08,800
Apple has an arrow mode. 
I think it has one of the widest

620
00:28:08,800 --> 00:28:11,100
Motes in the market. 
And I think that's the reason 

621
00:28:11,100 --> 00:28:12,800
that Warren Buffett likes the 
company. 

622
00:28:13,000 --> 00:28:16,300
The moat is massive. 
I don't see anyone competing 

623
00:28:16,300 --> 00:28:18,200
with their mode and this new VR 
headset. 

624
00:28:18,200 --> 00:28:19,900
I really think only expands that
mode. 

625
00:28:20,100 --> 00:28:23,300
They say the apple is aiming to 
make user interface elements 

626
00:28:23,300 --> 00:28:25,900
like body. 
Tracking hand tracking gestures,

627
00:28:26,200 --> 00:28:29,300
hand based typing and steri 
access automatically. 

628
00:28:29,400 --> 00:28:32,800
Added inside third-party apps 
just like the iPhone elements 

629
00:28:32,800 --> 00:28:35,800
such as a keyboard that get 
automatically integrated into 

630
00:28:35,800 --> 00:28:37,400
IOS app. 
So there you hear the 

631
00:28:37,400 --> 00:28:40,200
integration word twice. 
They're integrating Siri into 

632
00:28:40,200 --> 00:28:43,900
this platform and further on we 
see more talk about integration.

633
00:28:44,200 --> 00:28:47,200
They say that while third-party 
apps are key ingredient for this

634
00:28:47,200 --> 00:28:50,400
project. 
Apple is also planning a slew of

635
00:28:50,400 --> 00:28:53,700
its own apps that includes a VR 
version of FaceTime. 

636
00:28:54,000 --> 00:28:56,700
So they're making a virtual 
reality version of face time. 

637
00:28:56,900 --> 00:29:01,600
That can replicate your faces. 
In emoji format, then they have 

638
00:29:01,600 --> 00:29:06,000
a new VR version of maps and our
OS variant of the core apps like

639
00:29:06,000 --> 00:29:09,200
notes and calendars. 
Also, in the works is a way for 

640
00:29:09,200 --> 00:29:13,100
the headset to extend a Max 
display bringing it into 3D. 

641
00:29:13,100 --> 00:29:17,200
So they're making a VR version 
of basically every other tool 

642
00:29:17,200 --> 00:29:19,700
and app and platform that they 
currently have. 

643
00:29:19,700 --> 00:29:21,600
And then their integration 
doesn't stop there. 

644
00:29:21,600 --> 00:29:23,900
They say moreover. 
The company is leveraging, its 

645
00:29:23,900 --> 00:29:27,300
entertainment, arm and 
Acquisitions like next VR to 

646
00:29:27,300 --> 00:29:29,200
build 3D versions of its 
content. 

647
00:29:29,400 --> 00:29:32,600
Don't be surprised to eventually
see virtual reality, iterations 

648
00:29:32,600 --> 00:29:36,600
of Apple TV, Plus shows, and 
Fitness Plus workouts apples 

649
00:29:36,600 --> 00:29:40,100
increased foray into sports is 
also not a coincidence, and I'd 

650
00:29:40,100 --> 00:29:42,700
expect that to tie in nicely as 
well. 

651
00:29:42,800 --> 00:29:45,800
So apple is not planning on 
having this VR headset be a 

652
00:29:45,800 --> 00:29:48,100
standalone device. 
That is unlinked from their 

653
00:29:48,100 --> 00:29:51,300
ecosystem. 
Every single aspect of this will

654
00:29:51,300 --> 00:29:54,300
be linked to their ecosystem, 
just as the iPad, the MacBook 

655
00:29:54,300 --> 00:29:57,100
and the iPhone is, and that has 
been my long-term, both thesis 

656
00:29:57,100 --> 00:30:00,600
for Apple, every single feature.
And Like the VR headset, the 

657
00:30:00,600 --> 00:30:04,600
Apple car or even new little 
features on your iPhone are all 

658
00:30:04,600 --> 00:30:08,100
carefully calculated to further.
Lock you into their ecosystem. 

659
00:30:08,200 --> 00:30:11,600
Widing, the remote over time. 
Now, they also introduced a lot 

660
00:30:11,600 --> 00:30:15,500
of features like the ability to 
edit and remove text messages. 

661
00:30:15,700 --> 00:30:19,100
This feature alone, the ability 
to undo send on iMessage. 

662
00:30:19,100 --> 00:30:21,700
I think we'll end up saving 
quite a few relationships. 

663
00:30:21,800 --> 00:30:24,100
They also introduced another 
MacBook Air. 

664
00:30:24,200 --> 00:30:26,400
This is one of their bigger 
products that actually makes up 

665
00:30:26,400 --> 00:30:29,500
the majority of their MacBook 
sales and I see why Why? 

666
00:30:29,500 --> 00:30:34,700
It's basically a very powerful 
ultra-thin MacBook, that has 

667
00:30:34,700 --> 00:30:38,500
almost the same specs as the 
MacBook Pro and it's on a very 

668
00:30:38,500 --> 00:30:40,900
small frame. 
It's very light easy to use. 

669
00:30:41,000 --> 00:30:43,000
So it doesn't surprise me that 
this makes up for the most 

670
00:30:43,000 --> 00:30:44,600
sales. 
Now after they announced a bunch

671
00:30:44,600 --> 00:30:46,900
of different features from 
notification grouping to 

672
00:30:46,900 --> 00:30:49,500
iMessages to mail. 
The also announced. 

673
00:30:49,500 --> 00:30:51,800
I think one of the biggest 
features, which is Apple 

674
00:30:51,800 --> 00:30:55,800
finally, stepping in to buy now 
pay later and this is something 

675
00:30:55,800 --> 00:30:57,700
that I've been predicting for a 
long time. 

676
00:30:57,900 --> 00:31:01,400
When people ask me, What is your
favorite fin tech company? 

677
00:31:01,600 --> 00:31:05,500
My answer by default is Apple. 
I think it is the most powerful 

678
00:31:05,500 --> 00:31:08,700
fin tech company, and people 
think that's a koi response, or 

679
00:31:08,700 --> 00:31:11,000
they think I'm joking a little 
bit, but I'm not. 

680
00:31:11,100 --> 00:31:14,700
Apple has the ability to turn 
entire companies into a future 

681
00:31:14,800 --> 00:31:17,000
and Apple's latest fintech move.
Is this buy. 

682
00:31:17,000 --> 00:31:19,800
Now pay later feature. 
Basically, all they're doing is 

683
00:31:19,800 --> 00:31:22,400
breaking this down into four 
payments instead of one. 

684
00:31:22,600 --> 00:31:25,900
So you pay it off over six 
weeks, every two weeks with the 

685
00:31:25,900 --> 00:31:28,100
first payment at the time of 
purchase. 

686
00:31:28,200 --> 00:31:31,600
So you have the first 25 % do 
today then every two weeks you 

687
00:31:31,600 --> 00:31:35,100
have another 25% do and that's 
also with no interest assuming 

688
00:31:35,100 --> 00:31:37,400
you pay on time. 
Now, I haven't invested in a lot

689
00:31:37,400 --> 00:31:40,100
of other fintech companies 
specifically because I think 

690
00:31:40,100 --> 00:31:42,600
most of them compete with apple 
and I think that's a very 

691
00:31:42,600 --> 00:31:44,200
difficult company to compete 
with. 

692
00:31:44,400 --> 00:31:47,800
You have the example of a firm. 
This is basically a buy. 

693
00:31:47,800 --> 00:31:51,500
Now pay later company is down 
75% just year to date. 

694
00:31:51,500 --> 00:31:54,100
And this news from Apple is not 
great at all for a firm. 

695
00:31:54,100 --> 00:31:57,300
Apple pay is widely popular 
already being used by millions 

696
00:31:57,300 --> 00:31:58,900
of people. 
And if giving the choice of 

697
00:31:58,900 --> 00:32:02,300
paying, Her with a firm or a 
separate service or just using 

698
00:32:02,300 --> 00:32:05,000
Apple pay, I have to assume the 
vast majority of people would 

699
00:32:05,000 --> 00:32:07,300
pick Apple pay. 
So this shows the power of them 

700
00:32:07,300 --> 00:32:09,600
leveraging. 
Their current ecosystem to 

701
00:32:09,600 --> 00:32:11,700
continue to grow into other 
businesses. 

702
00:32:11,700 --> 00:32:14,400
Apple has a knack for turning 
other startup, companies into 

703
00:32:14,400 --> 00:32:17,500
simply small features of the 
Apple ecosystem. 

704
00:32:17,500 --> 00:32:19,900
And then at this development 
conference, probably the biggest

705
00:32:19,900 --> 00:32:22,900
feature, the Apple announced was
the additional improvements on 

706
00:32:22,900 --> 00:32:27,000
the M1 chip into the M2 Chip. 
So they came out with another 

707
00:32:27,000 --> 00:32:29,200
iteration of their already 
incredibly. 

708
00:32:29,300 --> 00:32:32,600
Phil chip call the M2 Chip and 
you can see it pictured there. 

709
00:32:32,700 --> 00:32:34,800
It's a little bit bigger. 
Now, you can dive into this in 

710
00:32:34,800 --> 00:32:37,000
more detail on the tech 
channels, but it's basically 

711
00:32:37,000 --> 00:32:40,600
just a better chip all around. 
It has better efficiency cores 

712
00:32:40,600 --> 00:32:43,800
and it's more powerful. 
It has a 35 percent faster GPU 

713
00:32:43,800 --> 00:32:46,800
and 50% more memory bandwidth. 
And this is another thing that I

714
00:32:46,808 --> 00:32:49,400
think it's discounted in Apple 
stock. 

715
00:32:49,400 --> 00:32:52,200
They are Leaps and Bounds ahead 
of their competitors, which hip 

716
00:32:52,200 --> 00:32:54,100
making. 
So, as of right now, my thoughts

717
00:32:54,100 --> 00:32:56,600
really haven't changed on Apple.
I'm in the green by around 

718
00:32:56,600 --> 00:32:59,200
15,000 dollars on this holding 
Apple currently. 

719
00:32:59,400 --> 00:33:01,400
It's at a hundred and forty, 
seven dollars a share. 

720
00:33:01,600 --> 00:33:03,900
They have their earnings report 
later this month. 

721
00:33:04,100 --> 00:33:06,400
And I'm just going to continue 
to hold this company because add

722
00:33:06,400 --> 00:33:09,400
a 22 PE ratio. 
I don't think you're paying much

723
00:33:09,400 --> 00:33:12,100
of a premium to hold an 
incredibly premium company. 

724
00:33:12,200 --> 00:33:15,300
So, as of right now, Apple in my
opinion is not a cell or a by, 

725
00:33:15,300 --> 00:33:17,600
I'm simply holding. 
So that's all for this episode. 

726
00:33:17,600 --> 00:33:19,500
I'll have more updates out this 
week. 

727
00:33:19,500 --> 00:33:21,700
So if you haven't already, 
subscribe to the channel and 

728
00:33:21,700 --> 00:33:22,700
I'll catch you in the next one.