1 00:00:01,120 --> 00:00:04,640 We just had the best first quarter since 2009 and history 2 00:00:04,640 --> 00:00:08,520 points to another surge or so, CNBC says. 3 00:00:09,040 --> 00:00:10,200 We're going to be taking a look at that. 4 00:00:10,200 --> 00:00:13,000 We're going to be looking at that, My Portfolio, how it's 5 00:00:13,000 --> 00:00:16,920 done in comparison to the S&P 500, which is the benchmark that 6 00:00:16,920 --> 00:00:20,440 I'm using to compare this to. I'm also going to be looking at 7 00:00:20,440 --> 00:00:23,640 a couple news items. Apple is launching a new credit 8 00:00:23,640 --> 00:00:25,200 card. I'm going to be talking a little 9 00:00:25,200 --> 00:00:27,840 bit about that following a little bit more up about the 10 00:00:27,840 --> 00:00:31,880 things I talked about three days ago and Boeing as well as 11 00:00:31,880 --> 00:00:34,560 answering some of your question. I'll just dive right in with the 12 00:00:34,560 --> 00:00:36,680 portfolio part of it to begin with. 13 00:00:37,200 --> 00:00:40,280 First I I'm not going to be doing the full like I have this 14 00:00:40,280 --> 00:00:43,760 page where I track dividends and I usually wait on this because I 15 00:00:43,760 --> 00:00:47,400 know that we're we're done with March, we're done with March 16 00:00:47,400 --> 00:00:50,440 after this weekend. But what I like to do with M1 17 00:00:50,440 --> 00:00:54,120 Finance, I could go through and try to add up manually all the 18 00:00:54,120 --> 00:00:58,160 dividends in the history, but that is prone to me getting it 19 00:00:58,160 --> 00:00:59,640 wrong and getting some kind of error. 20 00:00:59,640 --> 00:01:04,080 So what I do is I just go to the settings page and then on the 21 00:01:04,080 --> 00:01:07,280 settings page it has it has statements and I just look at 22 00:01:07,280 --> 00:01:09,960 the monthly statement and it has the total dividends that I was 23 00:01:09,960 --> 00:01:12,400 paid during that time period. So I think that's a much more 24 00:01:12,400 --> 00:01:15,200 accurate way. Once I get that, it will be 25 00:01:15,200 --> 00:01:18,000 sometime next week when M1 updates that. 26 00:01:18,360 --> 00:01:21,200 Once I get that, I'll be able to update this graph and show you 27 00:01:21,200 --> 00:01:24,080 where March is at and I'll be able to upgrade this quarter 28 00:01:24,080 --> 00:01:26,000 one. So the quarter one is over a 29 00:01:26,360 --> 00:01:28,600 three month period, this one's month to month. 30 00:01:28,920 --> 00:01:31,440 So we can see the trends here on this one and we can see the 31 00:01:31,440 --> 00:01:34,240 trends here on the quarter. Hopefully this will keep going 32 00:01:34,240 --> 00:01:37,000 up, it'll keep trending upwards, but we'll take a look at some 33 00:01:37,000 --> 00:01:40,080 other things now. Right now if I go to the quarter 34 00:01:40,080 --> 00:01:46,200 view, total view were up 28 percent 3400 dollars quarter 35 00:01:46,200 --> 00:01:47,600 though it makes up for a lot of that. 36 00:01:47,600 --> 00:01:53,140 So just the past three months, since December 29, we have 2350 37 00:01:53,140 --> 00:01:56,620 in market gains and dividends earned 278. 38 00:01:57,020 --> 00:02:01,380 I'm a little bit below that $100 a month mark that I want to hit. 39 00:02:01,380 --> 00:02:05,700 So 278 like $22.00 below it. I'm getting close there. 40 00:02:06,140 --> 00:02:07,580 I want to be able to hit it soon though. 41 00:02:07,660 --> 00:02:11,020 But you can see this quarter has been fantastic. 42 00:02:11,100 --> 00:02:13,660 If you look at the sectors, every single one of them's up. 43 00:02:13,860 --> 00:02:16,180 I could go through and there's some companies that are down, 44 00:02:16,180 --> 00:02:18,700 but even despite those, everything is mostly up like 45 00:02:18,700 --> 00:02:21,180 Abby's down. There's some here and there that 46 00:02:21,180 --> 00:02:24,780 have specific things going on. But for the most part, it's 47 00:02:24,780 --> 00:02:27,420 doing great. I mean, consumer outlook, look 48 00:02:27,460 --> 00:02:32,100 at every single consumer holding I have all of them up and real 49 00:02:32,100 --> 00:02:34,060 estate, I believe all of them are up as well. 50 00:02:34,660 --> 00:02:37,220 Finance, I think Maine is the only one that was down. 51 00:02:38,860 --> 00:02:42,580 This, this past three months has been an amazing start to the 52 00:02:42,580 --> 00:02:48,780 year. The S&P 500 has gone up 13%. 53 00:02:49,560 --> 00:02:54,400 Now if I look at My Portfolio, My Portfolio has gone up 10% and 54 00:02:54,440 --> 00:02:57,960 you might the initial impression people have and I see this all 55 00:02:57,960 --> 00:03:01,720 the time on Reddit, on social media, that people don't know 56 00:03:01,720 --> 00:03:04,800 how to rate the performance of a portfolio. 57 00:03:05,800 --> 00:03:09,000 I wanted to go through this to begin with and I wanted to show 58 00:03:09,000 --> 00:03:11,800 you how to rate the performance of a portfolio. 59 00:03:12,120 --> 00:03:15,880 Before doing that, I did want to just comment on one other thing 60 00:03:15,960 --> 00:03:19,010 real quick. That I was looking at this video 61 00:03:19,010 --> 00:03:25,570 here and the analytics on it and this was a 46 minute video, 46 62 00:03:25,570 --> 00:03:27,850 1/2 minute video that I put out by far the longest. 63 00:03:28,290 --> 00:03:31,130 And it was pretty incredible to see that the viewer retention 64 00:03:31,370 --> 00:03:33,450 didn't really suffer at all. It was right in line. 65 00:03:33,450 --> 00:03:36,130 It was all the rest of my videos that you guys have a great 66 00:03:36,130 --> 00:03:37,770 attention span. So I've been told like with 67 00:03:37,770 --> 00:03:42,050 YouTube that you know, you got to have these like 5 minutes 68 00:03:42,050 --> 00:03:45,490 super ADD videos that just jumped from one thing to the 69 00:03:45,490 --> 00:03:48,660 next and that that's the only way that you can catch people's 70 00:03:48,660 --> 00:03:50,700 attention. Not true. 71 00:03:50,740 --> 00:03:53,580 I'm seeing a lot of people that when they start the video they 72 00:03:53,620 --> 00:03:56,420 they watch all the way through and the viewer attention rate 73 00:03:56,420 --> 00:03:59,220 usually goes up more and more after releasing a video. 74 00:03:59,580 --> 00:04:03,100 Pretty cool to see that a lot of people watch this long of a 75 00:04:03,100 --> 00:04:04,820 video. So I hope you guys enjoy the the 76 00:04:04,820 --> 00:04:09,340 content but moving on to this, what I wanted to go over 77 00:04:09,420 --> 00:04:13,430 particularly about this is what I think is a mistake and how 78 00:04:13,430 --> 00:04:16,990 people view performance and how they analyze it. 79 00:04:17,190 --> 00:04:22,110 I see comment threads and and different topics posted like the 80 00:04:22,110 --> 00:04:26,870 S&P 500 beat these five hedge funds, right, because the S&P 81 00:04:26,870 --> 00:04:30,790 500 performed 30% over these five years or or whatever it may 82 00:04:30,790 --> 00:04:33,630 be in the hedge funds only perform 20 and the hedge funds 83 00:04:33,630 --> 00:04:35,590 are expensive and they have management fees. 84 00:04:36,510 --> 00:04:40,590 True, over those many years S&P 500 quote UN quote beat them. 85 00:04:41,130 --> 00:04:44,130 But that doesn't take an effect what their set goals are and 86 00:04:44,130 --> 00:04:45,770 what those hedge funds are aimed to do. 87 00:04:45,770 --> 00:04:49,370 A lot of times, people that have a ton of money, an enormous 88 00:04:49,370 --> 00:04:51,810 amount of money. They're not looking to maximize 89 00:04:51,810 --> 00:04:53,810 the returns. They're looking for capital 90 00:04:53,810 --> 00:04:57,890 preservation, meaning they're not concerned as much in keeping 91 00:04:57,890 --> 00:05:00,210 up with the S&P 500 as it goes up. 92 00:05:00,650 --> 00:05:04,770 They're more concerned with keeping most of their money when 93 00:05:04,770 --> 00:05:08,730 the S&P 500 goes down. And so it's disingenuous or 94 00:05:08,850 --> 00:05:13,320 either ill ill informed to just go by the ranking one, things 95 00:05:13,320 --> 00:05:15,520 are good and I want to talk about that here. 96 00:05:16,120 --> 00:05:17,960 Let me go and show you guys so you can see for yourself. 97 00:05:18,320 --> 00:05:22,440 Here's the S&P 500 zoom in a little bit here. 98 00:05:23,280 --> 00:05:28,880 Now if I go six months here and then I go to January 1st right 99 00:05:28,880 --> 00:05:32,080 there, right. It's I You can't. 100 00:05:32,080 --> 00:05:36,280 It's one day off, but it's 13% is what it is, 13%. 101 00:05:36,400 --> 00:05:38,840 And then I go and I look over here in My Portfolio, 10 102 00:05:38,840 --> 00:05:42,730 percent, 10.2%. Right now, at first glance, I 103 00:05:42,730 --> 00:05:48,210 have underperformed the SP500. So I have a lower alpha of the 104 00:05:48,250 --> 00:05:50,370 SP500. But there's other scores. 105 00:05:50,370 --> 00:05:52,370 There's a beta score, which is your volatility. 106 00:05:52,730 --> 00:05:53,930 And that's what I wanted to look at. 107 00:05:53,930 --> 00:05:56,370 Let's go to the I know you guys love my drawings. 108 00:05:56,410 --> 00:05:58,810 They're the best. I get messages all the time 109 00:05:58,810 --> 00:06:00,650 about how good of an artist I am. 110 00:06:00,930 --> 00:06:03,210 I go ahead and draw this. I have this online drawing board 111 00:06:03,210 --> 00:06:06,370 here. If we have now, let me change, 112 00:06:06,450 --> 00:06:09,890 let me change that to black. I'm just going to make a simple 113 00:06:09,890 --> 00:06:12,760 graph here. So we have a Y axis and an X 114 00:06:12,760 --> 00:06:16,760 axis. Here the X axis is 0% returns. 115 00:06:18,480 --> 00:06:20,560 OK, that's just flat. Anything on our this is 116 00:06:20,560 --> 00:06:22,360 negative, anything over it is positive. 117 00:06:22,840 --> 00:06:27,160 And let's say that you this is all hypothetical. 118 00:06:27,160 --> 00:06:30,800 So let's say that you have a portfolio, let's say the SP500 119 00:06:31,160 --> 00:06:41,910 returns 10% for a given time period and that's S&P 5 Okay, 120 00:06:42,390 --> 00:06:46,830 that's the S&P 500 right there. Now let's say that you let's say 121 00:06:46,830 --> 00:06:52,270 that your portfolio returns 15% during that same given time 122 00:06:52,270 --> 00:07:00,270 period. Now just having this information 123 00:07:00,310 --> 00:07:02,350 and let's say it's like a three month period or a six month 124 00:07:02,350 --> 00:07:05,070 period or even a year period, Just having this information 125 00:07:05,070 --> 00:07:08,600 alone does not show you if you're outperforming the S&P 126 00:07:08,600 --> 00:07:20,160 500, because if the S&P 500 goes down 10% and then that's the S&P 127 00:07:20,320 --> 00:07:29,120 and then your portfolio goes down 15%, you did no 128 00:07:29,120 --> 00:07:33,160 outperformance here. All you have is a portfolio with 129 00:07:33,160 --> 00:07:38,620 higher volatility, with a a higher beta score, meaning it 130 00:07:38,620 --> 00:07:42,300 what it takes whatever the the benchmark that it's going 131 00:07:42,300 --> 00:07:44,700 against and it just has a higher volatility. 132 00:07:44,700 --> 00:07:47,340 If that benchmark goes up, this one goes up further. 133 00:07:47,340 --> 00:07:48,980 If it goes down, this one goes down further. 134 00:07:49,260 --> 00:07:51,420 That's what you're doing and that and that in my opinion at 135 00:07:51,420 --> 00:07:52,860 least is not outperformance at all. 136 00:07:52,860 --> 00:07:56,820 If the S&P 500 goes up 10% and you go up 15 and if it goes down 137 00:07:56,820 --> 00:07:59,940 10% and you go down 15, you have not outperformed. 138 00:07:59,940 --> 00:08:03,290 That's and P500, you simply have a more aggressive higher 139 00:08:03,290 --> 00:08:08,810 volatility portfolio. Likewise if the SP500 like in my 140 00:08:08,810 --> 00:08:13,930 situation here, let's get rid of this and get rid of this. 141 00:08:15,370 --> 00:08:21,730 Now if the SP500 like it has, goes up 13 and mine goes up 10 142 00:08:21,730 --> 00:08:33,419 and the SP500 goes down 13 and mine goes down 10, I have not 143 00:08:33,580 --> 00:08:37,780 outperformed the S&P 500. I haven't underperformed it, but 144 00:08:37,780 --> 00:08:39,140 I haven't outperformed it either. 145 00:08:39,620 --> 00:08:43,700 Now what outperformance would look like to me is if the S&P 146 00:08:43,700 --> 00:08:50,220 500 goes up 13%, I go up 10 and the S&P 500 goes down 13% and I 147 00:08:50,220 --> 00:08:54,500 go down 5 or I go down even 8, that's a slight outperformance 148 00:08:54,500 --> 00:08:58,780 or seven or anything that is below what I am leading when it 149 00:08:58,780 --> 00:09:00,440 goes up. So I hope you can see the 150 00:09:00,440 --> 00:09:05,280 difference there is I'm looking for a portfolio that can follow 151 00:09:05,280 --> 00:09:08,280 somewhat on the uptrend by that it keeps most of its gains on 152 00:09:08,280 --> 00:09:11,360 the down downward side of it. Now I don't know if that's 153 00:09:11,720 --> 00:09:14,720 happening right now. Most of the time the S&P 500 has 154 00:09:14,720 --> 00:09:17,880 gone up and so there's not enough information for me to see 155 00:09:17,880 --> 00:09:20,440 if I'm really outperforming the S&P 500 right now. 156 00:09:20,440 --> 00:09:23,720 I know for sure that I have a lower volatility portfolio and 157 00:09:23,720 --> 00:09:26,200 I'm okay with if it. The graph just looks like this. 158 00:09:26,600 --> 00:09:29,560 I'm okay with that. If the if the S&P 500 goes up 159 00:09:30,000 --> 00:09:32,480 and mine trails a little bit, but if it goes down and it 160 00:09:32,480 --> 00:09:36,400 trails a little bit that to me is what I want more than if it 161 00:09:36,400 --> 00:09:38,720 just matches it. You just want to match the S&P 162 00:09:38,720 --> 00:09:41,120 500 then just invest in the S&P 500. 163 00:09:41,880 --> 00:09:44,320 I'm okay with this right now. But what I'm hoping is that if 164 00:09:44,320 --> 00:09:48,600 it goes down mine will trail the downward side more than it did 165 00:09:48,600 --> 00:09:50,960 the upward side. That's the note on out 166 00:09:50,960 --> 00:09:53,040 performance. A lot of the hedge funds that 167 00:09:53,040 --> 00:09:56,800 you guys compare your portfolios to or basic benchmarks, totally 168 00:09:56,800 --> 00:10:00,520 disingenuous to compare it to. I remember once that one day one 169 00:10:00,520 --> 00:10:02,840 topic on Reddit was like comparing it to this Harvard 170 00:10:03,680 --> 00:10:08,360 fund and the the purpose of the fund was totally capital 171 00:10:08,360 --> 00:10:10,840 preservation. So all they wanted to do is keep 172 00:10:10,840 --> 00:10:14,880 their money and of course they lagged a lot of the benchmark 173 00:10:14,880 --> 00:10:18,160 performance because they were invested in a lot less risky 174 00:10:18,160 --> 00:10:20,160 things. You can't really compare your 175 00:10:20,320 --> 00:10:23,800 portfolio straight across. I know it's easy to just focus 176 00:10:23,800 --> 00:10:27,560 in on this part and and you know and go and and brag to your mom 177 00:10:27,560 --> 00:10:30,120 and family and stuff that look, look how good I'm doing. 178 00:10:30,120 --> 00:10:32,680 I'm outperforming right. I'm, I'm getting 13 when it's 179 00:10:32,680 --> 00:10:35,680 getting 10, that's great. But you need to see the whole 180 00:10:35,680 --> 00:10:37,680 picture to really see if you're outperforming. 181 00:10:37,680 --> 00:10:39,560 So anyways that's all I wanted to point out on that. 182 00:10:40,360 --> 00:10:43,560 I'll move on from that. Aside from that, let's look at 183 00:10:43,560 --> 00:10:45,200 the rest of the portfolio and the dividends. 184 00:10:45,200 --> 00:10:49,740 Now I have $278 in dividends for the last three months and for 185 00:10:49,740 --> 00:10:53,820 the last entire year period since March 30th, 2018, I have 186 00:10:53,820 --> 00:10:56,100 640. Again, it's one of those 187 00:10:56,100 --> 00:10:59,220 situations where the last three months I have like a rent a 188 00:10:59,220 --> 00:11:01,540 little less than half the dividends I have for the whole 189 00:11:01,540 --> 00:11:03,540 year. It's definitely going at an 190 00:11:04,140 --> 00:11:05,740 upward trend. The amount of dividends I'm 191 00:11:05,740 --> 00:11:09,860 being paid now I look at My Portfolio and I was honestly 192 00:11:09,860 --> 00:11:13,300 surprised that it returned 10% when the market returned 13 193 00:11:13,990 --> 00:11:16,910 because that's following the market a little bit closer than 194 00:11:16,910 --> 00:11:20,230 I anticipated, especially with the fact that I have 33% of My 195 00:11:20,230 --> 00:11:25,950 Portfolio in real estate and 20% in bonds and 14% in utilities. 196 00:11:26,190 --> 00:11:30,030 The S&P 500, the benchmark I'm going to I'm comparing myself 197 00:11:30,030 --> 00:11:35,870 with has like 2% in utilities, none in bonds and very little in 198 00:11:35,870 --> 00:11:37,590 real estate. Has a few real estate holdings, 199 00:11:37,590 --> 00:11:40,680 but very little. I have a completely different 200 00:11:40,680 --> 00:11:44,440 portfolio than the S&P 500, yet I'm tracking it pretty closely. 201 00:11:44,720 --> 00:11:46,480 I don't know what it means. We're going to have to see, when 202 00:11:46,480 --> 00:11:49,160 we get into a natural bear market, how mine fares. 203 00:11:49,160 --> 00:11:52,880 You know, I can, I can try to gear myself towards it, but I 204 00:11:52,880 --> 00:11:56,000 don't know if if real estate is just going to crumble or what's 205 00:11:56,000 --> 00:11:58,000 going to happen. I think it will be more 206 00:11:58,000 --> 00:12:00,360 conservative. At least having 20% in bonds 207 00:12:00,360 --> 00:12:02,440 seems like. It seems to me like it would be 208 00:12:02,760 --> 00:12:06,140 a lot more conservative, especially since half these 209 00:12:06,140 --> 00:12:09,900 bonds are treasury bonds. So I know 10% of My Portfolio is 210 00:12:10,300 --> 00:12:13,300 very, very secure and then this is investment grade bonds. 211 00:12:13,300 --> 00:12:17,740 So none of these are junk bonds. But it's difficult to guess 212 00:12:17,740 --> 00:12:19,180 what's going to happen in the future. 213 00:12:19,420 --> 00:12:21,780 I think this will be a more conservative portfolio when we 214 00:12:21,900 --> 00:12:25,220 have a downturn. But I don't know, you know I 215 00:12:25,220 --> 00:12:30,860 have 10% when the S&P 500 return 13% and that's tracking pretty 216 00:12:30,860 --> 00:12:33,180 close. So that's just lagging it just a 217 00:12:33,180 --> 00:12:35,180 little. If it lags it that little on the 218 00:12:35,180 --> 00:12:38,940 downside, that's a more volatile portfolio than I want and I'll 219 00:12:38,940 --> 00:12:41,100 probably end up making adjustments to it. 220 00:12:41,860 --> 00:12:44,260 Other than that, I'll leave this for now. 221 00:12:44,300 --> 00:12:47,260 Like I said, I'll update, I'll update these graphs probably 222 00:12:47,260 --> 00:12:49,420 next week when I get the information to plug that in and 223 00:12:49,420 --> 00:12:52,100 and make it accurate. But I wanted to go on and talk 224 00:12:52,100 --> 00:12:54,700 about a little bit of the news we have over here. 225 00:12:55,100 --> 00:12:57,420 Just I want to touch on this just real quick. 226 00:12:57,420 --> 00:12:59,820 I won't go back all the way back into it, but if you've watched 227 00:12:59,820 --> 00:13:02,540 any of my past two videos, you know that I've talked about 228 00:13:02,940 --> 00:13:06,020 Boeing and the issues they've been facing with their 737 Max. 229 00:13:06,460 --> 00:13:10,580 I talked about how disappointed I wasn't Boeing, and I just 230 00:13:10,580 --> 00:13:13,460 wanted to show this article because it it confirms the 231 00:13:13,460 --> 00:13:19,540 belief that they had initially that it was this MCAS system, 232 00:13:19,660 --> 00:13:24,180 this this system that tried to automatically get the plane out 233 00:13:24,180 --> 00:13:27,140 of stalls. This is what they're believing 234 00:13:27,140 --> 00:13:30,650 more and more is causing it. Boeing's down here says, like, 235 00:13:30,690 --> 00:13:32,450 you know, it's not totally confirmed. 236 00:13:32,530 --> 00:13:35,130 The whole investigation is not completely finished, but at the 237 00:13:35,130 --> 00:13:37,170 same time, Boeing, that's kind of what they're saying right 238 00:13:37,170 --> 00:13:40,170 now, the same time they're making all the changes to that 239 00:13:40,170 --> 00:13:41,930 system. I think even Boeing believes 240 00:13:41,930 --> 00:13:44,210 that's the cause of it. I don't think it's going to be 241 00:13:44,210 --> 00:13:47,050 anything different unless something crazy comes out, some 242 00:13:47,050 --> 00:13:48,970 information that it was something else that caused it. 243 00:13:49,410 --> 00:13:51,170 I think it was a system that was a failure. 244 00:13:51,170 --> 00:13:52,610 That's what Boeing's fixing right now. 245 00:13:52,850 --> 00:13:55,610 We'll see what happens with that, but I'll keep you updated 246 00:13:55,610 --> 00:13:58,400 on that story as well. The other thing I wanted to talk 247 00:13:58,400 --> 00:14:03,360 about, Let's go over to here, the Apple card. 248 00:14:03,960 --> 00:14:08,360 This is Apple Card, a credit card created by Apple, not a 249 00:14:08,360 --> 00:14:11,760 bank. So it's simple, transparent and 250 00:14:11,760 --> 00:14:14,160 private. And it's the only credit card 251 00:14:14,160 --> 00:14:17,120 designed to take advantage of the power of iPhone. 252 00:14:18,160 --> 00:14:20,120 Okay. So Apple came out with this new 253 00:14:20,120 --> 00:14:21,960 card. They announced it at their big 254 00:14:21,960 --> 00:14:24,650 meeting that they had and there's been a lot of reactions 255 00:14:24,650 --> 00:14:26,010 to it. So I'm not going to go through 256 00:14:26,010 --> 00:14:27,970 super detailed on like every feature. 257 00:14:28,170 --> 00:14:30,250 In fact, I wanted to take this more from an investment 258 00:14:30,250 --> 00:14:33,370 standpoint than a financial. I'm not going to be looking at 259 00:14:33,370 --> 00:14:35,730 the financial credit card standpoint as much as the 260 00:14:35,730 --> 00:14:38,770 investment standpoint. A few things I will comment on, 261 00:14:38,770 --> 00:14:40,850 a few things on the card itself that I think are different. 262 00:14:41,130 --> 00:14:44,450 It seems like Apple's viewing their credit card as their 263 00:14:44,450 --> 00:14:46,610 iPhone, your iPhone is the card they want. 264 00:14:46,610 --> 00:14:50,310 A big a big push for Apple Pay. The rewards on this are 2% if 265 00:14:50,310 --> 00:14:53,750 you use Apple Pay, 1% if you actually use the physical card. 266 00:14:54,150 --> 00:14:57,590 Even though they made this, you know, this beautiful looking 267 00:14:57,590 --> 00:15:02,110 titanium laser edged card. They don't really want you to be 268 00:15:02,110 --> 00:15:03,270 using that. They want to be. 269 00:15:03,310 --> 00:15:05,590 They want you to be using your iPhone and you can't even get 270 00:15:05,590 --> 00:15:08,390 the card without an iPhone. They're trying to, they're 271 00:15:08,390 --> 00:15:10,950 trying to tie this back into the iPhone as much as they can. 272 00:15:11,350 --> 00:15:14,110 The things that I have actually seen with the card that I'll 273 00:15:14,110 --> 00:15:17,250 note that I think are pretty cool that I don't think a lot of 274 00:15:17,250 --> 00:15:19,770 people, other people focused on was. 275 00:15:19,890 --> 00:15:24,130 One of them was the fact that they have a a far more 276 00:15:24,130 --> 00:15:26,410 customizable payment scheduler on it. 277 00:15:26,690 --> 00:15:30,130 If I go to my Chase card or my Amazon Prime card or anything 278 00:15:30,130 --> 00:15:33,770 like that, I can only pay it off automatically once a month. 279 00:15:33,770 --> 00:15:36,130 If I want to pay it off more frequently than that, I have to 280 00:15:36,130 --> 00:15:39,050 manually go in and do it. I can't do any scheduling like, 281 00:15:39,050 --> 00:15:42,980 oh, I get paid on on the 10th and 25th or 5th and 20th, and I 282 00:15:42,980 --> 00:15:45,380 can't just schedule those days to automatically pay off my 283 00:15:45,380 --> 00:15:47,380 balance in full. I have to remember I have to 284 00:15:47,380 --> 00:15:50,380 mainly do it. If I forget, then I what good's 285 00:15:50,380 --> 00:15:53,660 a month payment when you you get paid every two weeks, right? 286 00:15:53,980 --> 00:15:55,940 I thought it was really cool that they have a scheduler in 287 00:15:55,940 --> 00:15:58,980 this where you can just say, I want to pay it off these two 288 00:15:58,980 --> 00:16:01,380 days of the month or I want to pay it off every single week. 289 00:16:01,740 --> 00:16:05,020 And then I don't think people getting as much credit card 290 00:16:05,020 --> 00:16:06,940 debt, if they're having automatically paid off every 291 00:16:06,940 --> 00:16:08,700 single week. Thought that was a really cool 292 00:16:08,700 --> 00:16:10,180 feature. And then I thought, the dial 293 00:16:10,180 --> 00:16:14,900 where it shows you, there's one part of it I'll show you right 294 00:16:14,900 --> 00:16:18,140 here. It shows you how much interest 295 00:16:18,260 --> 00:16:20,100 you're being. You're being charged in it 296 00:16:20,100 --> 00:16:20,980 though. It has this part here. 297 00:16:20,980 --> 00:16:24,620 You pay clear and transparent. Pay off a little. 298 00:16:24,820 --> 00:16:27,260 The interest is this much. Pay more. 299 00:16:27,820 --> 00:16:30,180 I think this was a pretty awesome thing for them to do, 300 00:16:30,300 --> 00:16:32,870 and I'll explain why. Most credit card companies, they 301 00:16:32,870 --> 00:16:36,710 make the majority of their money by this this interest. 302 00:16:36,830 --> 00:16:39,270 That's how they offer rewards to people that don't pay interest 303 00:16:39,670 --> 00:16:41,990 and I They charge other fees to merchants and things. 304 00:16:41,990 --> 00:16:44,830 But the huge majority of money they make is off of interest, 305 00:16:45,190 --> 00:16:49,710 and it's naturally a disincentive for you to pay off 306 00:16:49,710 --> 00:16:51,270 your card for the credit card company. 307 00:16:51,430 --> 00:16:53,990 They want to be charging you interest and they want you to be 308 00:16:53,990 --> 00:16:57,220 paying all those extra fees. Now, Apple's taken the opposite 309 00:16:57,220 --> 00:16:59,820 approach and they project how much interest you're going to be 310 00:16:59,820 --> 00:17:02,980 paying right in front of your nose and bright red text every 311 00:17:02,980 --> 00:17:05,260 time that you make a payment. And I think that's pretty 312 00:17:05,260 --> 00:17:07,460 awesome because the incentive there for them, what they're 313 00:17:07,460 --> 00:17:10,300 incentivizing you to do, is pay off your your card and not 314 00:17:10,300 --> 00:17:12,660 paying any interest on it. That I thought was pretty 315 00:17:12,660 --> 00:17:15,339 different. I think it's a a cool thing for 316 00:17:15,339 --> 00:17:18,500 a company to do that instead of taking their out of obfuscating 317 00:17:18,540 --> 00:17:22,540 and making it more confusing and try to disassociating how much 318 00:17:22,540 --> 00:17:24,500 interest you're really paying from from you. 319 00:17:25,050 --> 00:17:27,410 They're making it as clear as day, putting it right in front 320 00:17:27,410 --> 00:17:29,210 of you know, saying you're going to pay this much in interest. 321 00:17:29,650 --> 00:17:33,250 And I don't think Apple wants to make money off of the interest 322 00:17:33,250 --> 00:17:35,850 payments. I'll explain why they don't even 323 00:17:35,850 --> 00:17:37,370 need to make money off of this credit card. 324 00:17:37,450 --> 00:17:40,850 They will, but they don't need to And I'll explain more of that 325 00:17:41,410 --> 00:17:44,290 if you look at let's go, let's in fact let's go back to the 326 00:17:44,290 --> 00:17:49,450 drawing board here. I'm going to erase this and let 327 00:17:49,450 --> 00:17:53,070 me look at Apple. Here we have any company, and 328 00:17:53,070 --> 00:17:57,550 I've talked about this before with moats and ecosystems, we 329 00:17:57,550 --> 00:17:59,670 have a company like Apple, right? 330 00:18:04,150 --> 00:18:08,070 Okay Apple. Now if Apple is a tent in the 331 00:18:08,070 --> 00:18:15,590 ground, let's just say every company is a tent and you're 332 00:18:15,590 --> 00:18:19,550 camping out in a really windy mountain. 333 00:18:20,190 --> 00:18:24,350 If Apple is this tent, every single thing that they can do to 334 00:18:24,350 --> 00:18:26,910 keep that tent down, I'll call it a steak. 335 00:18:27,310 --> 00:18:31,790 They have one steak, which is the iPhone, and that helps keep 336 00:18:31,790 --> 00:18:35,110 the tent down. That's the iPhone. 337 00:18:35,150 --> 00:18:37,350 I know that you can't read that, but that's the iPhone right 338 00:18:37,350 --> 00:18:38,870 here. That's one steak. 339 00:18:38,950 --> 00:18:44,470 Then they have iMessage. That's another steak keeping the 340 00:18:44,470 --> 00:18:48,210 tent down. Then they have, they have their 341 00:18:48,210 --> 00:18:50,730 iCloud backup, so they have the cloud backup. 342 00:18:50,930 --> 00:18:52,850 That's another stake keeping the tent down. 343 00:18:53,410 --> 00:18:56,650 Then they have the Apple card, that's another stake keeping the 344 00:18:56,650 --> 00:18:59,330 tent down. They have, they have their 345 00:18:59,330 --> 00:19:02,130 MacBook, which goes into iMessage. 346 00:19:02,130 --> 00:19:04,530 So all their devices are tied into the one platform. 347 00:19:04,810 --> 00:19:07,690 They have their photo backup. They have all these different 348 00:19:07,690 --> 00:19:11,850 stakes and each one of these are yanking this tent to the ground. 349 00:19:12,250 --> 00:19:14,680 Each one of these are buried in the ground, one of them by 350 00:19:14,680 --> 00:19:16,600 themselves. If you took away all of these 351 00:19:16,600 --> 00:19:19,160 and you only had the iPhone, that's enough that if a big 352 00:19:19,160 --> 00:19:21,800 windstorm comes along, it'll blow this tent right away, 353 00:19:22,160 --> 00:19:23,720 right? But once you start adding an 354 00:19:23,720 --> 00:19:27,760 iMessage, once you start adding in the the iCloud photo backup, 355 00:19:28,040 --> 00:19:31,200 once you start adding in Apple Pay, once you start adding in 356 00:19:31,200 --> 00:19:33,480 the App Store and all the the stuff you've purchased from 357 00:19:33,480 --> 00:19:37,240 that, all of these in in Apple Music and your subscription to 358 00:19:37,240 --> 00:19:40,240 that and your your library that you know you can really only use 359 00:19:40,240 --> 00:19:43,650 Apple Music with Apple products. All of these act to keep this 360 00:19:43,650 --> 00:19:45,930 tent on the ground. And the reason that's important 361 00:19:45,930 --> 00:19:49,690 is the more that they have holding this tent down, which 362 00:19:49,690 --> 00:19:51,970 really is you. I mean this is the user from 363 00:19:51,970 --> 00:19:55,810 jumping over here to Android, right? 364 00:19:57,050 --> 00:19:59,410 Android has their own tent and they have their own features 365 00:19:59,410 --> 00:20:01,490 trying to do the same thing every company does. 366 00:20:01,850 --> 00:20:05,570 But the the company that has more of them and they have 367 00:20:05,570 --> 00:20:07,850 better of them is going to be better at keeping their 368 00:20:07,850 --> 00:20:10,690 customers wrapped up in their own ecosystem. 369 00:20:11,170 --> 00:20:15,610 And with Apple Card, it's just one more of these, one more of 370 00:20:15,610 --> 00:20:19,610 these things that that tie you down that you can't, you can't 371 00:20:19,610 --> 00:20:21,610 get away from. What's going to happen is people 372 00:20:21,610 --> 00:20:25,610 are going to, they're going to innocently, you know, they don't 373 00:20:25,610 --> 00:20:26,850 even have to think about it that much. 374 00:20:27,050 --> 00:20:29,850 They can innocently just go, oh wow, this looks, it's completely 375 00:20:29,890 --> 00:20:34,370 free. It looks nice and it's 376 00:20:34,370 --> 00:20:36,090 completely free. I would like a new card. 377 00:20:36,470 --> 00:20:37,750 So I'm going to go ahead and sign up for it. 378 00:20:37,750 --> 00:20:39,830 And then Apple, you know, they're like you'll get it the 379 00:20:39,830 --> 00:20:42,190 same day type of thing. You'll get it on your phone and 380 00:20:42,590 --> 00:20:45,470 and they want to get it, get it to people quick, make it free. 381 00:20:45,630 --> 00:20:47,470 Because what's going to happen is people going to, they're 382 00:20:47,470 --> 00:20:49,670 going to use it to sign up for their Netflix, they're going to 383 00:20:49,670 --> 00:20:52,550 use it to sign up for their Apple Music or all these 384 00:20:52,550 --> 00:20:54,230 different purchases. Some people might put their 385 00:20:54,230 --> 00:20:57,110 utility bill on it. Some people might put other 386 00:20:57,110 --> 00:21:01,440 monthly reoccurring bills on it. And then when another credit 387 00:21:01,440 --> 00:21:05,520 card comes out, when Samsung or Android or whatever comes out 388 00:21:05,520 --> 00:21:07,720 with their own credit card, you're going to go, well, that 389 00:21:07,720 --> 00:21:09,600 one, even if it has better rewards. 390 00:21:09,600 --> 00:21:14,760 Gosh, I have all these monthly purchases wrapped up to this 391 00:21:14,760 --> 00:21:16,440 card. Do I really want to go through 392 00:21:16,440 --> 00:21:20,560 the effort of, of contacting all these customer, all these 393 00:21:20,560 --> 00:21:23,080 companies and updating my payment information to this new 394 00:21:23,080 --> 00:21:25,440 card that has slightly better rewards, right. 395 00:21:26,200 --> 00:21:28,720 No, you're not going to do that because that's that's work 396 00:21:29,040 --> 00:21:31,730 that's less convenient. You already have this card that 397 00:21:31,730 --> 00:21:34,570 you're you're used to that has all these monthly payments 398 00:21:34,770 --> 00:21:37,570 wrapped to it, and all that does is make it so it's more 399 00:21:37,570 --> 00:21:40,650 difficult to escape. So whether the card is the best 400 00:21:40,650 --> 00:21:43,890 card or not, it doesn't matter. And whether Apple makes a lot of 401 00:21:43,890 --> 00:21:46,690 money specifically from this card doesn't matter. 402 00:21:47,090 --> 00:21:49,890 What does matter is that it keeps people in the Apple 403 00:21:50,130 --> 00:21:53,850 ecosystem because out of all these stakes, even if they're 404 00:21:53,850 --> 00:21:56,970 all making a little bit of money, that's money from this 405 00:21:56,970 --> 00:21:59,370 one person going out to all these different things. 406 00:21:59,680 --> 00:22:02,640 And odds are if it's not the card that's making a lot of 407 00:22:02,640 --> 00:22:05,000 money, it's going to be the Apple Music, it's going to be 408 00:22:05,240 --> 00:22:08,040 the the Apple Store, or it's going to be you buying new 409 00:22:08,040 --> 00:22:10,640 Macbooks because you have iMessage and all these other 410 00:22:10,640 --> 00:22:13,040 services tied to it. One of these is going to make 411 00:22:13,040 --> 00:22:15,160 Apple money. A lot of them, if not a couple 412 00:22:15,160 --> 00:22:17,680 of them. But all of these work to secure 413 00:22:17,680 --> 00:22:21,680 you down and I think that's why the Apple card is a a good idea 414 00:22:21,680 --> 00:22:23,720 for Apple. I I think it's a great idea. 415 00:22:24,320 --> 00:22:27,600 As long as they can get people to to sign up and use it, which 416 00:22:27,600 --> 00:22:30,100 I certainly think they will, it's going to help people. 417 00:22:30,100 --> 00:22:31,780 It's going to help their ecosystem even more. 418 00:22:31,900 --> 00:22:34,460 It's going to help their their walled garden even more. 419 00:22:34,980 --> 00:22:37,140 Other than that, I just wanted to go and answer a few 420 00:22:37,140 --> 00:22:39,660 questions. All right, let me answer a few 421 00:22:39,660 --> 00:22:41,380 of your questions. I'll go through them and then a 422 00:22:41,380 --> 00:22:42,820 couple questions that I found online. 423 00:22:43,580 --> 00:22:46,620 One of them's from Lee Almighty asked how much do you usually 424 00:22:46,620 --> 00:22:51,700 put in, how often He's asking about my deposit schedule, how I 425 00:22:51,700 --> 00:22:55,980 go about deciding how much money to put in and how frequent. 426 00:22:55,980 --> 00:22:57,580 So let me go to the funding tab here. 427 00:22:58,670 --> 00:23:01,270 This is on M1 Finance. Again, you can do all the stuff 428 00:23:01,270 --> 00:23:03,830 on any broker. M1 does have a pretty cool 429 00:23:03,830 --> 00:23:07,790 scheduler where I can I can schedule at least some minimum 430 00:23:07,790 --> 00:23:09,590 deposits that I want on the days I'm paid. 431 00:23:09,830 --> 00:23:13,390 This is for my taxable account. I have the same thing going for 432 00:23:13,390 --> 00:23:17,310 my my Roth IRA, the same the 5th and 20th. 433 00:23:17,710 --> 00:23:19,950 The 5th and 20th is when I schedule. 434 00:23:20,230 --> 00:23:23,390 If it doesn't have the 20th, it'll just go to the next the 435 00:23:23,390 --> 00:23:26,540 next business day. I have 250 going each of those, 436 00:23:26,540 --> 00:23:29,100 so it's pretty much $1000 a month is what I try to do the 437 00:23:29,100 --> 00:23:32,460 minimum between the two accounts, and that'll happen 438 00:23:32,460 --> 00:23:36,380 until my Roth is full, which should just go the whole year 439 00:23:36,380 --> 00:23:40,180 because I can put 6000 in SO500A month is like the entire year, 440 00:23:40,460 --> 00:23:42,740 but this is what I do as a minimum. 441 00:23:43,100 --> 00:23:45,180 Now. That might be more than what 442 00:23:45,180 --> 00:23:48,940 some people can afford. I can't say this is as much as 443 00:23:48,940 --> 00:23:52,610 you should do. Now my deposit history is 444 00:23:52,610 --> 00:23:54,810 obviously quite a bit more than 1000 a month. 445 00:23:55,410 --> 00:23:58,170 So I already have about 8000 deposited in this year. 446 00:23:58,730 --> 00:24:02,450 Last year I put in 22,000 and then 2017 is when I started the 447 00:24:02,450 --> 00:24:05,970 till end of that I put in 2200. Obviously it's been kind of 448 00:24:05,970 --> 00:24:09,570 sporadic and irregular. I put in money when I have it 449 00:24:09,570 --> 00:24:14,810 available to me because what I found is the the whole idea of, 450 00:24:14,810 --> 00:24:18,570 like the Dave Ramsey storing 8 months of money. 451 00:24:19,020 --> 00:24:21,940 That's great, but to a lot of people there's psychology behind 452 00:24:21,940 --> 00:24:25,180 it that outweighs it, that if you have money available to you, 453 00:24:25,180 --> 00:24:27,500 it seems to find a place to be spent. 454 00:24:27,540 --> 00:24:30,140 If you don't disassociate from it, put it in a different 455 00:24:30,140 --> 00:24:31,500 account. When I put money into an 456 00:24:31,500 --> 00:24:34,580 investment account, it's totally out of sight, out of mind. 457 00:24:34,660 --> 00:24:37,780 We don't look at it as spendable money anymore. 458 00:24:37,860 --> 00:24:40,580 It's not spendable anymore. It's money that's there, 459 00:24:40,580 --> 00:24:42,380 invested. The only time we would ever 460 00:24:42,380 --> 00:24:44,900 think of withdrawing it is, for instance, is like this, where 461 00:24:44,900 --> 00:24:47,260 we're paying down other debts just like an investment. 462 00:24:47,380 --> 00:24:51,620 If I'm paying 3% of my car loan, I had a little bit left on it. 463 00:24:51,620 --> 00:24:54,420 I just wanted to get rid of it. My last car loan, we paid that 464 00:24:54,420 --> 00:24:56,420 down. That's when I withdrew some 465 00:24:56,420 --> 00:24:58,900 money from it to pay that down. And then since then I've had all 466 00:24:58,900 --> 00:25:02,820 my debts paid off, saved up money in cash as well as put any 467 00:25:02,820 --> 00:25:04,460 extra money into this investment account. 468 00:25:04,900 --> 00:25:07,620 Now, a lot of this is based off of line of work. 469 00:25:07,660 --> 00:25:11,260 And if you have the type of income that is irregular, so if 470 00:25:11,260 --> 00:25:13,500 you do like summer sales, you're going to have a lot more months 471 00:25:13,500 --> 00:25:14,980 where you get paid more than others. 472 00:25:15,300 --> 00:25:18,220 So on those months you should be depositing a lot more than 473 00:25:18,220 --> 00:25:20,100 others. And that's how I think it should 474 00:25:20,100 --> 00:25:21,780 go. When you have extra money, you 475 00:25:21,780 --> 00:25:23,180 got your tax returns, you're excited. 476 00:25:23,380 --> 00:25:27,100 Instead of going out and just finding the next thing that that 477 00:25:27,540 --> 00:25:30,780 you want to buy, put some of that money, enjoy some of it, 478 00:25:30,780 --> 00:25:32,620 but put some of that money in your investment account. 479 00:25:32,740 --> 00:25:34,460 That's what I do, is you pay yourself first. 480 00:25:34,940 --> 00:25:37,900 I view this type of things, these scheduled deposits, as a 481 00:25:37,900 --> 00:25:40,810 must. I view it just like, you know, 482 00:25:40,810 --> 00:25:44,050 just like a new we got a new president in and he wants to 483 00:25:44,050 --> 00:25:46,810 raise taxes way up high and you just have to pay him. 484 00:25:47,050 --> 00:25:49,290 There's no other choice. That's why I view depositing 485 00:25:49,290 --> 00:25:52,730 money at least a basic minimum amount to your portfolio. 486 00:25:53,010 --> 00:25:55,370 I view it like a tax or like I'm paying health insurance. 487 00:25:55,650 --> 00:25:57,490 Like it's just something that I have to do. 488 00:25:57,650 --> 00:26:01,410 So I pick a number that I can afford and then I say I'm paying 489 00:26:01,410 --> 00:26:04,330 that much every two weeks or every paycheck. 490 00:26:04,770 --> 00:26:06,570 And we figure out what to do beyond that. 491 00:26:06,570 --> 00:26:11,680 And unless there is a predefined unexpected emergency, I'm not 492 00:26:11,680 --> 00:26:14,440 withdrawing it. And by an unexpected emergency, 493 00:26:14,480 --> 00:26:17,000 birthdays are expected, Christmas is expected. 494 00:26:17,120 --> 00:26:18,480 Those type of things don't count. 495 00:26:18,680 --> 00:26:21,440 Wanting to do some upgrades in the summer to your home, that's 496 00:26:21,440 --> 00:26:23,600 expected. I don't take money out for that 497 00:26:23,600 --> 00:26:26,640 type of stuff. I I put it in, I act as though 498 00:26:26,640 --> 00:26:29,200 it's, you know, it's not really my money anymore. 499 00:26:29,200 --> 00:26:31,440 It's my future money. I'm not going to rob future me 500 00:26:31,440 --> 00:26:35,080 for the stuff I want to do now. That's how I've treated it. 501 00:26:36,310 --> 00:26:38,550 I would suggest that just find what number. 502 00:26:38,550 --> 00:26:42,190 If it's only $50 a paycheck, then start with that. 503 00:26:42,270 --> 00:26:44,030 Make it so that you put that 50 bucks in. 504 00:26:44,390 --> 00:26:46,190 Start somewhere, it might be a lot more for you. 505 00:26:46,510 --> 00:26:49,430 And then as you have extra money, just throw that in as 506 00:26:49,430 --> 00:26:50,870 well. Don't feel bad about putting 507 00:26:50,870 --> 00:26:53,950 that money in, even though a lot of people if they just try to 508 00:26:53,950 --> 00:26:56,390 save money. I've noticed that that saving 509 00:26:56,390 --> 00:26:59,350 money for some people, and this is a whole different subject of 510 00:26:59,350 --> 00:27:02,610 like the psychology behind finance, because Dave Ramsey 511 00:27:02,610 --> 00:27:05,170 hits on this a lot. He hits on the behavior behind 512 00:27:05,170 --> 00:27:06,650 money more than the math behind it. 513 00:27:06,650 --> 00:27:08,450 Even though credit cards give you rewards. 514 00:27:08,450 --> 00:27:11,010 He talks about just going cash, that type of thing. 515 00:27:11,330 --> 00:27:13,570 I think that there's some behavior behind savings and 516 00:27:13,570 --> 00:27:16,370 investing. I've noticed that I've had some 517 00:27:16,370 --> 00:27:20,210 people that are less financially they're, you know, the finance 518 00:27:20,210 --> 00:27:23,330 isn't their thing, they're not into that and they have a hard 519 00:27:23,330 --> 00:27:25,690 time saving money, right, Like most people. 520 00:27:26,010 --> 00:27:30,130 But I noticed that when I start them investing, for some reason 521 00:27:30,130 --> 00:27:32,530 they save up more money that way, even if the stuff they're 522 00:27:32,530 --> 00:27:35,570 investing in is close to a savings account like a lot of, 523 00:27:35,570 --> 00:27:37,890 it's just in bonds and fixed income securities. 524 00:27:38,370 --> 00:27:41,050 The the disassociation of putting your money in the stock 525 00:27:41,050 --> 00:27:44,650 market for a lot of people makes it easier easier to actually 526 00:27:44,650 --> 00:27:48,170 build up large sums of money. If you're having a harder time 527 00:27:48,170 --> 00:27:50,530 saving and you notice that you just spend all the extra money 528 00:27:50,530 --> 00:27:54,250 you get, definitely put some of your money in the stock market 529 00:27:54,250 --> 00:27:57,400 each time. And and maybe not even just the 530 00:27:57,400 --> 00:28:00,440 stock market, put put some of it in bonds and different ETF's, I 531 00:28:00,440 --> 00:28:03,920 guess the stock market, but put it in in lower risk stuff that's 532 00:28:03,920 --> 00:28:05,480 closer to savings. You can even put it in 533 00:28:05,480 --> 00:28:08,320 treasuries like I have some of My Portfolio in and that might 534 00:28:08,320 --> 00:28:10,800 help it so that it's easier for you not to spend it as soon as 535 00:28:10,800 --> 00:28:12,120 you find find something you want. 536 00:28:12,400 --> 00:28:15,320 Because the decision between just withdrawing money right 537 00:28:15,320 --> 00:28:18,200 from a savings account or actually selling securities you 538 00:28:18,200 --> 00:28:20,560 own, I think the implications are bigger for selling 539 00:28:20,560 --> 00:28:22,480 securities and you really have to think about it. 540 00:28:22,900 --> 00:28:25,180 And that comes down to the things like this, where I really 541 00:28:25,180 --> 00:28:27,660 had to think about what I wanted to use this money for and I 542 00:28:27,660 --> 00:28:29,940 thought paying off the remainder of debt was a good use for it. 543 00:28:30,580 --> 00:28:32,820 And that's my $0.02 on it. Obviously you should have cash 544 00:28:32,820 --> 00:28:35,980 savings as well, but I do notice that there's some people that 545 00:28:35,980 --> 00:28:38,940 they now have more money in their a lot more money in their 546 00:28:39,620 --> 00:28:43,780 investment portfolios because it's easier for them to just out 547 00:28:43,780 --> 00:28:45,660 of sight, out of mind when they put the money in it. 548 00:28:46,220 --> 00:28:50,380 The last thing I wanted to hit on was a Reddit thread and let 549 00:28:50,380 --> 00:28:53,660 me go to it here. OK so this Reddit thread he says 550 00:28:53,660 --> 00:28:56,180 how does M1 finance let you buy fractional shares? 551 00:28:56,620 --> 00:29:01,180 And as Q prime. He answers this pretty he 552 00:29:01,180 --> 00:29:04,780 answers it I think perfectly. But pretty much the way the M1 553 00:29:04,780 --> 00:29:06,540 finance works I wanted to hit on this as well. 554 00:29:06,540 --> 00:29:10,460 If I go to my holdings and I look at all these holdings, I 555 00:29:10,460 --> 00:29:14,140 have 26 point something shares on almost every one of them, 556 00:29:14,260 --> 00:29:19,920 17.597 point 314.5 and a lot of people go, how does that even 557 00:29:19,920 --> 00:29:21,320 work? Like how do you own part of a 558 00:29:21,320 --> 00:29:23,560 share? How does that work with who 559 00:29:23,560 --> 00:29:25,240 really has ownership over the share? 560 00:29:25,920 --> 00:29:27,560 And the answer to that's pretty simple. 561 00:29:27,960 --> 00:29:31,920 The Clearing Corporation, which is like is a corporation that M1 562 00:29:31,920 --> 00:29:34,800 Finance works with, the actually hold all of this money. 563 00:29:35,000 --> 00:29:38,760 Apex Clearing Corp, What they will do is they will purchase 564 00:29:39,080 --> 00:29:43,720 the whole share, and then they give you legal ownership over 565 00:29:43,720 --> 00:29:45,680 the percentage that you purchase from them. 566 00:29:46,290 --> 00:29:49,970 As far as legally, you own this exact percentage. 567 00:29:50,250 --> 00:29:52,090 The same as if you own the whole thing. 568 00:29:52,410 --> 00:29:54,650 The same thing is you get the voting rights, you get a 569 00:29:54,650 --> 00:29:56,970 percentage of the voting rights, the dividends, you get a 570 00:29:56,970 --> 00:30:00,330 percentage of the dividends. So you actually do own the 571 00:30:00,330 --> 00:30:03,210 fraction of the share. It's not anything really, really 572 00:30:03,210 --> 00:30:05,650 wonky. It's just the basics of just 573 00:30:05,650 --> 00:30:08,410 like how shares work, where you're buying a little fraction 574 00:30:08,410 --> 00:30:10,860 of the entire company. The same thing where if you're 575 00:30:10,860 --> 00:30:13,380 buying a fraction a fractional share, you're just buying a 576 00:30:13,380 --> 00:30:16,540 fraction of that share When they break down legally the exact 577 00:30:16,540 --> 00:30:19,180 same way. It's a pretty cool thing because 578 00:30:19,180 --> 00:30:22,540 it breaks up the prices of big expensive companies like Amazon 579 00:30:22,540 --> 00:30:25,940 and Google and and a lot of a lot of companies that would be 580 00:30:25,940 --> 00:30:28,300 difficult to dollar cost average into. 581 00:30:28,460 --> 00:30:31,140 You can break them up with this. So that's the last thing I 582 00:30:31,140 --> 00:30:33,980 wanted to hit on. I'm thank you for everybody that 583 00:30:33,980 --> 00:30:36,020 keeps subscribing. I mean, it's crazy. 584 00:30:36,020 --> 00:30:38,540 We've had like 100 subscribers in just the past three or four 585 00:30:38,540 --> 00:30:40,170 days. Thanks for subscribing. 586 00:30:40,170 --> 00:30:42,450 If you haven't and you're interested in the content and 587 00:30:42,450 --> 00:30:44,770 want to keep up, make sure to subscribe and hit like and 588 00:30:45,010 --> 00:30:47,130 especially share the videos and things with other people. 589 00:30:47,890 --> 00:30:49,970 Yeah, I'll, I'll talk to you guys later. 590 00:30:49,970 --> 00:30:50,370 We'll see ya.