1 00:00:00,100 --> 00:00:01,000 Welcome back. Everybody. 2 00:00:01,000 --> 00:00:03,000 Thanks for joining on this episode. 3 00:00:03,000 --> 00:00:05,200 It's been obviously, a very busy Newsweek. 4 00:00:05,400 --> 00:00:08,300 We have Biden beating Trump. That's the headline story. 5 00:00:08,300 --> 00:00:09,600 That's the biggest news. Now. 6 00:00:09,600 --> 00:00:11,900 I know you've been blasted with politics for the past week. 7 00:00:11,900 --> 00:00:14,800 I don't plan on reiterating everything that's been said and 8 00:00:14,800 --> 00:00:16,400 every opinion and everything like that. 9 00:00:16,500 --> 00:00:19,400 But I do want to talk about the elections especially going 10 00:00:19,400 --> 00:00:21,300 forward. What I see is going to happen 11 00:00:21,300 --> 00:00:23,400 with investors. I'm going to give my thoughts on 12 00:00:23,400 --> 00:00:25,000 how I think we should view the market. 13 00:00:25,400 --> 00:00:28,300 We also had some big news outside of politics that happen 14 00:00:28,300 --> 00:00:31,100 the past week, but of course, it got Got buried because of the 15 00:00:31,100 --> 00:00:33,000 elections going on the stock market. 16 00:00:33,000 --> 00:00:36,100 For one had an incredible week. It was on fire. 17 00:00:36,200 --> 00:00:39,000 It went up 7 percent. The S&P 500 was up. 18 00:00:39,000 --> 00:00:41,300 Seven point three percent in the last five days. 19 00:00:41,600 --> 00:00:44,300 That is an incredible week. One of the best we've had all 20 00:00:44,300 --> 00:00:48,700 year long now, I don't mean to say I told you so but my video 21 00:00:48,700 --> 00:00:52,300 One Week Ago said why I'm buying and I gave my thoughts on the 22 00:00:52,300 --> 00:00:55,800 market and I thought that eliminating the election outcome 23 00:00:56,100 --> 00:00:59,800 as a - Catalyst as something, unknown would make it so on. 24 00:01:00,000 --> 00:01:02,400 Esters can breathe a little bit easier and I have more thoughts 25 00:01:02,400 --> 00:01:05,000 on this going forward. I think, overall right now. 26 00:01:05,200 --> 00:01:08,600 We are in the early stages of a bull run even with this huge run 27 00:01:08,600 --> 00:01:11,400 up that we've had in 2020. I still think we're just getting 28 00:01:11,400 --> 00:01:13,300 started with it. So I'm going to explain my 29 00:01:13,300 --> 00:01:15,500 thoughts on the market going forward and how I plan on 30 00:01:15,500 --> 00:01:17,300 investing and taking advantage of it. 31 00:01:17,600 --> 00:01:19,700 Now, with that in mind. I will be going over my 32 00:01:19,700 --> 00:01:22,200 portfolio in depth. We're going to be going over 33 00:01:22,200 --> 00:01:25,100 every single company and I'm going to give my rating on 34 00:01:25,100 --> 00:01:27,600 whether I think it's a strong company to own or a week one. 35 00:01:27,800 --> 00:01:29,800 And I'm even going to be looking at a couple that I might. 36 00:01:29,900 --> 00:01:31,800 Be selling out of over the next week. 37 00:01:31,800 --> 00:01:33,500 So we'll be talking about that as well. 38 00:01:33,600 --> 00:01:36,100 And then of course, at the end of this episode, we have a lot 39 00:01:36,100 --> 00:01:37,800 of emails and questions that get to as well. 40 00:01:37,900 --> 00:01:41,100 Now, we have a busy episode lots to get to before jumping into 41 00:01:41,100 --> 00:01:42,900 all of that. Check out the patreon. 42 00:01:42,900 --> 00:01:45,700 You can join now for free and you can get in till the end of 43 00:01:45,700 --> 00:01:48,100 the month for free. So you have a trial period. 44 00:01:48,300 --> 00:01:50,200 There's no risk. It's cancel anytime. 45 00:01:50,300 --> 00:01:53,000 You're not locked in anything. If you join, you get access to 46 00:01:53,000 --> 00:01:56,100 exclusive episodes. A Discord Community as well as a 47 00:01:56,100 --> 00:01:59,200 dividend tracking website. It's a portfolio analysis and 48 00:01:59,200 --> 00:02:01,700 dividend tracking. So you get all of that included. 49 00:02:01,700 --> 00:02:04,000 So it's six bucks a month. You can try it out for like, 3 50 00:02:04,000 --> 00:02:05,400 weeks for free. There's a link in the 51 00:02:05,408 --> 00:02:07,300 description. If you want to give that a shot. 52 00:02:07,700 --> 00:02:11,100 Okay, let's jump in and get to the headline news by it and beat 53 00:02:11,100 --> 00:02:13,400 Trump. It's not like officially called 54 00:02:13,400 --> 00:02:15,200 right now. There's still some lawsuits, 55 00:02:15,200 --> 00:02:18,400 Trump really hasn't conceded. So there's a chance that things 56 00:02:18,400 --> 00:02:20,300 could flip, but I really don't think that that's going to 57 00:02:20,308 --> 00:02:22,700 happen. All the major news networks have 58 00:02:22,700 --> 00:02:25,900 called the wind for biotin. It looks like it's not something 59 00:02:25,900 --> 00:02:26,800 that's going to be turned around. 60 00:02:26,800 --> 00:02:30,000 So as it stands right now, by Odin has beat Trump, but It 61 00:02:30,000 --> 00:02:32,500 doesn't look like the Democrats have made gains everywhere. 62 00:02:32,500 --> 00:02:35,600 Republicans made some pretty significant gains in the house. 63 00:02:35,600 --> 00:02:37,700 Flipping a seats. That's a 5. 64 00:02:37,700 --> 00:02:39,400 Net gain. So that was a win for 65 00:02:39,400 --> 00:02:41,800 republicans in the house. Democrats still will hold the 66 00:02:41,808 --> 00:02:43,500 majority. And then in the Senate 67 00:02:43,500 --> 00:02:46,300 Republicans have also defended key seats. 68 00:02:46,400 --> 00:02:49,300 Not letting the Democrats, take over the Senate so far. 69 00:02:49,500 --> 00:02:51,200 There's still an unknown with this outcome. 70 00:02:51,500 --> 00:02:54,200 But as it stands right now, Republicans still hold the 71 00:02:54,208 --> 00:02:56,400 advantage in keeping control of the Senate. 72 00:02:56,600 --> 00:02:59,300 So this is something that we can look at as a positive for 73 00:02:59,300 --> 00:03:01,100 investors. You put all the politics to the 74 00:03:01,108 --> 00:03:04,000 side, everybody wants their side to take control of everything. 75 00:03:04,200 --> 00:03:06,900 But if we put that to the side for a minute, most of the time 76 00:03:06,900 --> 00:03:09,800 investors, like having certainty, the more unknowns, 77 00:03:09,800 --> 00:03:12,700 the more uncertainty, the less investors like that. 78 00:03:12,700 --> 00:03:16,100 So when we see Biden winning, but we also see Republicans 79 00:03:16,100 --> 00:03:19,100 taking some control of the house and also maybe keeping control 80 00:03:19,100 --> 00:03:22,000 of the Senate that creates a split government and a split 81 00:03:22,000 --> 00:03:24,300 government. It's less likely for Extreme 82 00:03:24,300 --> 00:03:27,500 Measures to be taken and extreme bills to be passed on either 83 00:03:27,500 --> 00:03:29,800 side investors view that as a positive. 84 00:03:29,900 --> 00:03:32,600 Of Biden will probably be able to push along a lot of his 85 00:03:32,600 --> 00:03:35,500 agenda, but not as aggressively as you could, if you controlled 86 00:03:35,500 --> 00:03:37,400 all three branches of government, so we don't know how 87 00:03:37,400 --> 00:03:39,500 this will turn out, but I think investors will view it as a 88 00:03:39,500 --> 00:03:42,400 positive, if Republicans do, keep majority control of the 89 00:03:42,400 --> 00:03:44,000 Senate. So that's where we're at right 90 00:03:44,000 --> 00:03:45,500 now. The Democrats controlled the 91 00:03:45,500 --> 00:03:47,900 executive branch with biotin being president. 92 00:03:48,100 --> 00:03:50,900 The Democrats also remain control of the house, but the 93 00:03:50,900 --> 00:03:53,500 Republicans made some major gains in the house. 94 00:03:53,600 --> 00:03:56,800 And it looks like Republicans will continue to keep control in 95 00:03:56,800 --> 00:03:59,000 the Senate, but that still up for grabs. 96 00:03:59,000 --> 00:04:01,500 So we could see the out. Of that flip, but right now it 97 00:04:01,500 --> 00:04:03,400 looks like most likely. The Senate will remain a 98 00:04:03,400 --> 00:04:06,600 republican control over all. This has been received 99 00:04:06,600 --> 00:04:09,400 positively for investors in terms of investing has been 100 00:04:09,400 --> 00:04:11,800 positively received, but obviously this isn't the outcome 101 00:04:11,800 --> 00:04:14,800 that everybody wanted. Now, I want to talk about this 102 00:04:14,800 --> 00:04:16,500 for a little bit. I didn't have anything prepared, 103 00:04:16,500 --> 00:04:18,100 but I want to share some thoughts on this. 104 00:04:18,500 --> 00:04:21,200 I'm 31 years old and I've been through a few elections, and I 105 00:04:21,200 --> 00:04:23,700 noticed some patterns. I notice the same thing 106 00:04:23,700 --> 00:04:27,200 happening over and over again. That is that people get very 107 00:04:27,200 --> 00:04:29,200 attached to politics. They get very attached to 108 00:04:29,200 --> 00:04:32,300 politicians. Ins they become really invested 109 00:04:32,300 --> 00:04:34,200 in politics in the outcome of it. 110 00:04:34,200 --> 00:04:36,800 It becomes almost a part of their identity to be on their 111 00:04:36,800 --> 00:04:38,800 political side. And then when their candidate 112 00:04:38,800 --> 00:04:41,600 loses, they can become devastated because of it. 113 00:04:41,600 --> 00:04:43,200 I see this happening more and more. 114 00:04:43,300 --> 00:04:46,700 As we have social media and politics is shared more widely. 115 00:04:47,000 --> 00:04:49,500 It becomes ingrained in almost every part of our Lives. 116 00:04:49,700 --> 00:04:52,500 It's very difficult to avoid at this point, but I tweeted out 117 00:04:52,500 --> 00:04:55,600 the night before the elections. Remember people there's more to 118 00:04:55,600 --> 00:04:57,600 life than politics. It's called money. 119 00:04:57,700 --> 00:05:00,100 Now I said this a little bit tongue-in-cheek, I said, Little 120 00:05:00,100 --> 00:05:01,500 bit as a joke. I understand that. 121 00:05:01,500 --> 00:05:03,100 There's much more important things than money. 122 00:05:03,200 --> 00:05:05,900 Your relationships, your health, your family. 123 00:05:05,900 --> 00:05:07,900 All those things are more important than money. 124 00:05:08,000 --> 00:05:11,200 But when I actually look at this tweet and say that there's more 125 00:05:11,200 --> 00:05:13,700 important things to life than politics, your money. 126 00:05:13,800 --> 00:05:16,000 I think there's some truth to that politics. 127 00:05:16,000 --> 00:05:17,600 You have very little control over. 128 00:05:17,600 --> 00:05:21,000 Whoever happens to be president likely isn't decided by you. 129 00:05:21,000 --> 00:05:22,900 That's the truth, everybody. Tries to vote. 130 00:05:22,900 --> 00:05:25,600 We all give our input on the direction of the country, but at 131 00:05:25,600 --> 00:05:27,800 the end of the day, we all have very little control over it 132 00:05:27,800 --> 00:05:29,800 unless you are one of the voters in one. 133 00:05:29,900 --> 00:05:33,300 Of those very specific districts, that decided the 134 00:05:33,300 --> 00:05:35,200 election. You probably didn't have too 135 00:05:35,200 --> 00:05:38,300 much of an impact. On the other hand, your money, 136 00:05:38,300 --> 00:05:41,000 and your finances, and your Investments, and your decisions, 137 00:05:41,000 --> 00:05:43,400 with your career, have a substantial impact over the 138 00:05:43,407 --> 00:05:45,600 direction of your life. The Comforts that you'll have 139 00:05:45,600 --> 00:05:48,100 that stability, that you'll have the stress that you'll have the 140 00:05:48,100 --> 00:05:49,300 environment that you raise your family. 141 00:05:49,300 --> 00:05:51,500 In. All of that is directly impact 142 00:05:51,500 --> 00:05:53,600 by the amount of wealth that you're able to have. 143 00:05:54,000 --> 00:05:57,800 I think that focusing on money is not a selfish thing to do. 144 00:05:58,100 --> 00:06:01,200 I think that growing money. An honest Endeavor that 145 00:06:01,200 --> 00:06:04,200 everybody should try to do. If you can grow wealth in your 146 00:06:04,200 --> 00:06:06,100 family. If you can put yourself on to a 147 00:06:06,100 --> 00:06:08,800 better financial future. That's something that I think 148 00:06:08,800 --> 00:06:11,700 will have a big impact on your life regardless of who's 149 00:06:11,700 --> 00:06:13,500 President. And most the time. 150 00:06:13,600 --> 00:06:16,400 I think that politics is a distraction from doing that if 151 00:06:16,400 --> 00:06:19,600 people focused more on their own wealth on their own family 152 00:06:19,800 --> 00:06:22,800 getting themselves in a better financial position, it gets you 153 00:06:22,800 --> 00:06:25,500 a lot further than knowing all the political issues of the day. 154 00:06:25,600 --> 00:06:29,700 So that's what I plan on doing in this episode is focusing on. 155 00:06:29,800 --> 00:06:32,200 The money not worrying about the politics. 156 00:06:32,200 --> 00:06:34,100 Not worrying about who becomes president. 157 00:06:34,200 --> 00:06:37,400 If we talk about politics, it's going to be through the lens of 158 00:06:37,400 --> 00:06:39,600 how do we use it to further our finances. 159 00:06:39,600 --> 00:06:41,200 How do we use it to make more money? 160 00:06:41,300 --> 00:06:43,700 And on a second note. I think it's cool to see that in 161 00:06:43,700 --> 00:06:45,700 this Channel. And on this Discord. 162 00:06:45,700 --> 00:06:47,800 We have people in this channel that are Republicans. 163 00:06:47,900 --> 00:06:49,200 We have people that are Democrats. 164 00:06:49,300 --> 00:06:52,000 We have many people that aren't even Americans there in Canada. 165 00:06:52,000 --> 00:06:55,200 They're Europeans their Asian Pacific countries, they're from 166 00:06:55,200 --> 00:06:57,200 all over the place. But all of them have something 167 00:06:57,200 --> 00:06:59,200 in common. Everybody wants to have a better 168 00:06:59,200 --> 00:07:00,200 Financial. Sure. 169 00:07:00,400 --> 00:07:03,300 So, in my opinion, focusing on money, trying to generate 170 00:07:03,300 --> 00:07:05,900 wealth, having a better financial future with more 171 00:07:05,900 --> 00:07:07,800 stability. That's something everybody 172 00:07:07,800 --> 00:07:10,300 should be doing. So, let's talk about how we do 173 00:07:10,300 --> 00:07:12,300 that. First of all, I want to give my 174 00:07:12,300 --> 00:07:15,000 thoughts going forward on the market in general and the 175 00:07:15,008 --> 00:07:17,400 economy. I think that we've had multiple 176 00:07:17,400 --> 00:07:20,400 negative factors in the market that have created a lot of 177 00:07:20,407 --> 00:07:22,200 uncertainty. One of them, of course, was the 178 00:07:22,200 --> 00:07:24,100 elections. Nobody really knew how it was 179 00:07:24,100 --> 00:07:26,400 going to play out. Everybody can look back and say 180 00:07:26,400 --> 00:07:29,600 that they predicted it, but really nobody knew when Trump 181 00:07:29,600 --> 00:07:33,500 was In Florida, I thought this looks a lot like 2016. 182 00:07:33,700 --> 00:07:36,000 He wasn't supposed to win, Florida, according to the polls. 183 00:07:36,300 --> 00:07:39,800 And here he is, winning Florida. So there was a chance that Trump 184 00:07:39,800 --> 00:07:43,400 could have won this created uncertainty when investors don't 185 00:07:43,400 --> 00:07:47,100 know what's going to happen, or what the future is that in and 186 00:07:47,100 --> 00:07:48,900 of itself creates some uncertainty. 187 00:07:49,100 --> 00:07:52,200 Now that we see things playing out, the people that remained in 188 00:07:52,200 --> 00:07:53,900 the market, that kept their nerves. 189 00:07:53,900 --> 00:07:55,700 Cool. They're being rewarded. 190 00:07:55,700 --> 00:07:58,300 They got rewarded with seven percent returns in one week. 191 00:07:58,300 --> 00:08:01,500 So that was one - In the market, the elections. 192 00:08:01,600 --> 00:08:04,400 I see, two more negative factors in the market that still need a 193 00:08:04,407 --> 00:08:06,500 play out. And that is the economy and the 194 00:08:06,500 --> 00:08:08,800 coronavirus. I see these as the two biggest 195 00:08:08,800 --> 00:08:12,700 negative factors - catalysts in the market right now. 196 00:08:12,700 --> 00:08:15,700 One of these is being repaired, The Wall Street Journal reported 197 00:08:15,700 --> 00:08:18,800 that employers added six hundred and thirty eight thousand jobs. 198 00:08:18,800 --> 00:08:22,100 Last month, the six straight monthly gains and the jobless 199 00:08:22,100 --> 00:08:24,000 rate fell to a percentage of 6.9%. 200 00:08:24,000 --> 00:08:28,500 So out of the 22 million, we've gained back over half of them. 201 00:08:28,700 --> 00:08:29,800 That's some really good progress. 202 00:08:29,800 --> 00:08:32,600 Progress to have already. And having an unemployment rate 203 00:08:32,600 --> 00:08:35,799 of 6.9% That seems really good to me. 204 00:08:36,200 --> 00:08:39,400 We were talking about unemployment rates of 20%, just 205 00:08:39,400 --> 00:08:42,200 a few months back. So, the economy is recovering. 206 00:08:42,400 --> 00:08:45,200 I'll be a little bit slower than some people I predicted or a 207 00:08:45,208 --> 00:08:46,500 little bit slower than they wish. 208 00:08:46,800 --> 00:08:50,200 But the fact is the economy is recovering, that is one major 209 00:08:50,200 --> 00:08:53,600 negative factor in the market and it's steadily improving the 210 00:08:53,608 --> 00:08:55,800 Wall Street Journal reported that the economy overall has 211 00:08:55,800 --> 00:08:57,400 rebounded quickly from the recession. 212 00:08:57,700 --> 00:08:59,700 Gross, domestic output grew at a rate. 213 00:08:59,900 --> 00:09:04,400 Kurt of 7.4 percent in the third quarter Redeye 33.1% annual 214 00:09:04,400 --> 00:09:06,100 rate. So, not only are we gaining back 215 00:09:06,100 --> 00:09:08,300 more jobs, but the GDP is improving. 216 00:09:08,500 --> 00:09:11,400 This is positive news. This is positive data that's 217 00:09:11,400 --> 00:09:13,700 being shadowed by the bigger, news of the elections. 218 00:09:13,700 --> 00:09:16,400 But this is very important on the list to have all these 219 00:09:16,400 --> 00:09:19,000 people returning back to work and they're getting off of 220 00:09:19,000 --> 00:09:21,200 unemployment and they're starting to contribute to the 221 00:09:21,200 --> 00:09:23,400 GDP. So when we see this type of 222 00:09:23,400 --> 00:09:26,500 news, that's one more - Catalyst that I think will improve over 223 00:09:26,500 --> 00:09:30,600 time making this uncertain environment even Than certain 224 00:09:30,600 --> 00:09:34,000 the other - or uncertain factor in the market that I think is 225 00:09:34,000 --> 00:09:37,500 making investors where e is the coronavirus and this is closely 226 00:09:37,500 --> 00:09:40,100 related to the economy. The economy is already starting 227 00:09:40,100 --> 00:09:43,600 to transition to this new world, we have where we work from home. 228 00:09:43,600 --> 00:09:46,600 There's a lot of companies that are more like cloud-related and 229 00:09:46,600 --> 00:09:47,900 tech-related that are doing really well. 230 00:09:47,900 --> 00:09:51,800 But overall, the economy can't completely recover. 231 00:09:51,800 --> 00:09:54,700 If the coronavirus cases are surging at just will never 232 00:09:54,700 --> 00:09:56,600 happen. We cannot get back to full 233 00:09:56,600 --> 00:10:00,300 productivity with this spike in cases and the cases Going up 234 00:10:00,300 --> 00:10:03,300 drastically. We had recent reports of 131,000 235 00:10:03,300 --> 00:10:05,100 cases. That's incredible. 236 00:10:05,200 --> 00:10:07,500 That is a huge amount of coronavirus cases in one day. 237 00:10:07,900 --> 00:10:10,400 So even though I think we got over one hurdle, which is the 238 00:10:10,400 --> 00:10:13,200 elections and I think that the economy overall is improving. 239 00:10:13,400 --> 00:10:15,600 We have another major hurdle to get over. 240 00:10:16,000 --> 00:10:18,700 If I put these on the Whiteboard we can see what I think are the 241 00:10:18,708 --> 00:10:21,800 negative factors and the positive Catalyst, the negative 242 00:10:21,800 --> 00:10:24,900 factors are anything that create uncertainty that create doubt 243 00:10:24,900 --> 00:10:28,000 with investors or anxiety and reasons that people keep their 244 00:10:28,000 --> 00:10:31,100 money out of the market. This is the time typically, when 245 00:10:31,100 --> 00:10:33,000 you actually want to invest because when times are 246 00:10:33,000 --> 00:10:35,900 uncertain, when there's lots of negative factors, that's when 247 00:10:35,900 --> 00:10:38,400 the prices are the most depressed on different companies 248 00:10:38,400 --> 00:10:40,000 and different Holdings that you might be able to buy. 249 00:10:40,300 --> 00:10:42,500 This is typically when you get the best deals right now. 250 00:10:42,500 --> 00:10:44,600 We have a number of things that are causing negative factors. 251 00:10:44,600 --> 00:10:47,200 We just went over a couple of them, but we also have things 252 00:10:47,200 --> 00:10:49,500 that I think will be positive Catalyst. 253 00:10:49,500 --> 00:10:52,400 A positive catalyst is anything that will move the market 254 00:10:52,400 --> 00:10:54,900 higher, it'll create a more certain environment. 255 00:10:54,900 --> 00:10:57,100 It'll make it easier for people to want to buy stocks because 256 00:10:57,100 --> 00:11:00,300 they'll feel more comfortable doing it under - Actors we had 257 00:11:00,300 --> 00:11:02,600 the elections. We talked about that the 258 00:11:02,600 --> 00:11:04,400 elections for the most part are over. 259 00:11:04,500 --> 00:11:08,700 So, that is one uncertain event that people had a lot of anxiety 260 00:11:08,700 --> 00:11:12,400 about, it's mostly over. Now, on the positive side. 261 00:11:12,500 --> 00:11:15,200 We have a split government, and we have the uncertainty of the 262 00:11:15,200 --> 00:11:17,700 elections being over. This is conditional on. 263 00:11:17,700 --> 00:11:20,900 Republicans remaining control of the Senate, but I think, even if 264 00:11:20,900 --> 00:11:23,900 they don't remain control the Senate, I still think just the 265 00:11:23,900 --> 00:11:27,000 fact that the elections are over in the anxiety involved with it, 266 00:11:27,000 --> 00:11:29,600 is a positive Catalyst, another negative factor. 267 00:11:29,700 --> 00:11:32,500 We have is the economy. It's been heavily damaged. 268 00:11:32,600 --> 00:11:34,900 There's businesses that are readjusting to The New Normal. 269 00:11:35,000 --> 00:11:38,700 We have the positive Catalyst. We were not able to pass an 270 00:11:38,700 --> 00:11:41,100 economic stimulus with the elections. 271 00:11:41,400 --> 00:11:44,200 I think that that was a direct result of the elections. 272 00:11:44,300 --> 00:11:47,300 It makes it harder to negotiate. It makes it harder to come to a 273 00:11:47,308 --> 00:11:49,700 deal when you have such an important thing coming up with a 274 00:11:49,708 --> 00:11:51,900 timeline. My prediction is that it will 275 00:11:51,900 --> 00:11:54,900 now be easier to come to an agreement on the economic 276 00:11:54,900 --> 00:11:56,900 stimulus. If it doesn't happen, until the 277 00:11:56,900 --> 00:11:59,100 end of this year, I think it will happen early. 278 00:11:59,100 --> 00:12:01,700 And next. With a bite and presidency. 279 00:12:01,800 --> 00:12:04,400 So we might not see as big of an economic stimulus. 280 00:12:04,400 --> 00:12:07,600 As we normally would have, if the Republicans remain control 281 00:12:07,600 --> 00:12:10,700 over the Senate, but I think we'll still see an economic 282 00:12:10,700 --> 00:12:13,200 stimulus. And that of course, is a huge 283 00:12:13,200 --> 00:12:16,100 positive Catalyst for the markets people are needing money 284 00:12:16,100 --> 00:12:18,400 right now when the federal government passes this and 285 00:12:18,400 --> 00:12:21,300 disperses that money that obviously has a huge effect on 286 00:12:21,300 --> 00:12:23,700 the markets, and again, the third negative factor. 287 00:12:24,000 --> 00:12:26,400 And I think the biggest one that remains is the coronavirus. 288 00:12:26,400 --> 00:12:29,300 This is obviously heavily combined with the economy. 289 00:12:29,700 --> 00:12:32,800 Like I said, they're kind of interlinked at this point, but 290 00:12:32,800 --> 00:12:34,400 the coronavirus is a temporary thing. 291 00:12:34,800 --> 00:12:37,100 We will come up with vaccines. We will come up with treatments 292 00:12:37,100 --> 00:12:39,500 are medical professionals have already done. 293 00:12:39,500 --> 00:12:42,400 A good job in reducing The lethality of the coronavirus. 294 00:12:42,400 --> 00:12:44,900 We're understanding it better. We're treating it better. 295 00:12:45,000 --> 00:12:47,800 The death rates are going down and the vaccine I think will be 296 00:12:47,800 --> 00:12:49,800 another huge factor in fighting this virus. 297 00:12:49,900 --> 00:12:51,900 This is another positive catalyst. 298 00:12:51,900 --> 00:12:56,300 So when I look at these side by side, I see the elections being 299 00:12:56,300 --> 00:12:58,800 over and the result of that on the stock market. 300 00:12:58,800 --> 00:13:01,200 Just getting that. Over and it's up 7%. 301 00:13:01,400 --> 00:13:04,000 I see economic damage that I think is temporary. 302 00:13:04,200 --> 00:13:06,300 We're going to have new stimulus has in the future. 303 00:13:06,500 --> 00:13:08,700 People are going to find an adapt to new ways of being 304 00:13:08,700 --> 00:13:10,800 employed, new ways of doing jobs. 305 00:13:10,800 --> 00:13:13,100 They're going to work from home and I think, overall, the 306 00:13:13,100 --> 00:13:16,200 economy will recover and then we have the coronavirus, which 307 00:13:16,200 --> 00:13:19,600 again I think is a temporary thing will come out with better 308 00:13:19,600 --> 00:13:22,000 therapies and vaccines to be able to fight it in the future. 309 00:13:22,000 --> 00:13:26,100 All of these negative factors are temporary, the positive 310 00:13:26,100 --> 00:13:29,200 Catalyst will happen and I do not believe the market has fully 311 00:13:29,200 --> 00:13:30,900 priced. These positive Catalyst. 312 00:13:31,200 --> 00:13:33,900 I think that people that invest right now and buy companies 313 00:13:33,900 --> 00:13:37,300 right now with these factors still existing will be rewarded 314 00:13:37,300 --> 00:13:40,000 for it in the future. So in my opinion overall, I 315 00:13:40,000 --> 00:13:42,400 think that we're still in the early stages of a bull run. 316 00:13:42,400 --> 00:13:45,400 I think that as uncertainties get removed over time, the 317 00:13:45,400 --> 00:13:47,800 market will continue to move forward and upwards. 318 00:13:47,800 --> 00:13:50,700 Now I could be wrong. This is just speculation. 319 00:13:50,800 --> 00:13:54,200 There's a chance we could have another unknown drastic thing 320 00:13:54,200 --> 00:13:56,500 happen. That brings a market down, but 321 00:13:56,500 --> 00:13:58,200 I'm going to stay invested regardless. 322 00:13:58,200 --> 00:13:59,600 I think that there's more upside. 323 00:13:59,800 --> 00:14:02,300 Had been downside. And I've never been someone that 324 00:14:02,300 --> 00:14:04,400 tries to time the market. So my goal is to buy the best 325 00:14:04,400 --> 00:14:06,700 companies that I think are situated for this future. 326 00:14:06,800 --> 00:14:08,700 Now, let's go ahead and go through some of my portfolio. 327 00:14:09,000 --> 00:14:11,300 I have 30 different Holdings. I plan on going through every 328 00:14:11,300 --> 00:14:13,200 one of them. Let's first of all, take a look 329 00:14:13,200 --> 00:14:16,100 at the performance. It's a value of 130 thousand 330 00:14:16,100 --> 00:14:18,000 dollars. Now, I have fourteen thousand 331 00:14:18,000 --> 00:14:21,400 dollars in gains of that a significant amount has happened 332 00:14:21,400 --> 00:14:23,200 from dividends five thousand dollars. 333 00:14:23,500 --> 00:14:26,100 So even though this portfolio, went through the March lows. 334 00:14:26,400 --> 00:14:29,000 We lost like sixteen thousand dollars because we are invested 335 00:14:29,000 --> 00:14:30,100 in a lot of Real Estate. State. 336 00:14:30,100 --> 00:14:33,000 We bounce back, pretty strong in the past week. 337 00:14:33,000 --> 00:14:34,800 I've made eight thousand dollars in gains. 338 00:14:34,900 --> 00:14:36,400 So that's a pretty good week to have. 339 00:14:36,800 --> 00:14:38,900 So let me go through each category, one by one. 340 00:14:39,000 --> 00:14:41,500 We'll go through each sector. I'll give you my opinion on it 341 00:14:41,500 --> 00:14:44,700 moving forward and if I think that this category strong and if 342 00:14:44,700 --> 00:14:46,400 I think the companies within it are strong. 343 00:14:46,700 --> 00:14:48,400 First of all, let's take a look at tech. 344 00:14:48,500 --> 00:14:50,600 Tech is my biggest category by far. 345 00:14:50,700 --> 00:14:53,200 I have 44 thousand, eight hundred dollars in it. 346 00:14:53,200 --> 00:14:54,900 I've made seven thousand dollar gains. 347 00:14:55,100 --> 00:14:57,700 I've been building this category up, steadily over the past few 348 00:14:57,700 --> 00:15:02,500 months, one of the realizations that Made sense 2020 is that the 349 00:15:02,500 --> 00:15:06,100 coronavirus and the changes that are happening to our economy and 350 00:15:06,100 --> 00:15:09,300 to our culture, that work from home, the changes with 351 00:15:09,300 --> 00:15:11,800 technology and being more reliant on technology to 352 00:15:11,800 --> 00:15:13,800 communicate. I think that those Trends are 353 00:15:13,800 --> 00:15:16,200 around to stay. I think that we might see some 354 00:15:16,200 --> 00:15:19,200 reversion back to normalcy when the coronavirus gets dealt with. 355 00:15:19,200 --> 00:15:22,400 But a lot of these companies that have succeeded in Tech, I 356 00:15:22,400 --> 00:15:24,800 think will continue to succeed even in a post coronavirus 357 00:15:24,800 --> 00:15:26,400 world. So I've moved more to these 358 00:15:26,400 --> 00:15:28,400 companies because I think we're going to have even further 359 00:15:28,400 --> 00:15:31,600 Reliance on them in the future. ER my biggest Holdings Apple a 360 00:15:31,608 --> 00:15:34,400 my opinion Apple has it all. It offers, fantastic products to 361 00:15:34,400 --> 00:15:36,700 everybody likes. It's doing a heavy push in the 362 00:15:36,700 --> 00:15:41,200 software content Creation Entertainment, music movies, 363 00:15:41,200 --> 00:15:43,600 Fitness software. They're going into everything 364 00:15:43,600 --> 00:15:45,900 with software and subscriptions while maintaining their 365 00:15:45,900 --> 00:15:47,800 vertically integrated line of devices. 366 00:15:48,100 --> 00:15:50,100 Apple, I think is one of the best Holdings to have. 367 00:15:50,400 --> 00:15:53,700 And as we move to this work from home and communicate from home 368 00:15:53,700 --> 00:15:56,300 and educate your kids with technology, all these type of 369 00:15:56,300 --> 00:15:58,900 changes that are happening. I think that people become more 370 00:15:58,900 --> 00:16:01,600 reliant on Apple devices, and they'll actually spend more and 371 00:16:01,608 --> 00:16:03,600 more time on them. Another holding. 372 00:16:03,600 --> 00:16:06,100 I've introduced to my portfolio is igv. 373 00:16:06,200 --> 00:16:10,100 This is a text software, ETF it gathers together, a lot of tech 374 00:16:10,100 --> 00:16:13,900 software companies in the u.s. Puts it into an ETF and then you 375 00:16:13,900 --> 00:16:16,900 get broad exposure to them. I wanted to include this in my 376 00:16:16,900 --> 00:16:20,000 tech pie to broaden my exposure outside, just a couple of 377 00:16:20,000 --> 00:16:22,800 companies. So I have some money in the CTF, 378 00:16:23,000 --> 00:16:26,100 it pays about the same dividend that MasterCard and Visa does. 379 00:16:26,400 --> 00:16:28,500 So it's a low dividend, but these companies grow their 380 00:16:28,500 --> 00:16:31,000 dividends. Lee, all these Holdings in my 381 00:16:31,000 --> 00:16:33,200 tech pie, I feel very confident of. 382 00:16:33,300 --> 00:16:35,400 I think they're fantastic Holdings to have and I think 383 00:16:35,400 --> 00:16:36,900 they're going to do really well in the future. 384 00:16:37,100 --> 00:16:39,500 So I don't plan on making any changes with these companies. 385 00:16:39,800 --> 00:16:42,600 Next up we have consumer. This is my second largest 386 00:16:42,600 --> 00:16:45,400 category in my portfolio. Have a total of twenty four 387 00:16:45,400 --> 00:16:47,000 thousand seven hundred dollars in it. 388 00:16:47,200 --> 00:16:49,400 The games right now are about thirty-six hundred dollars. 389 00:16:49,600 --> 00:16:51,400 Disney is one. That's my biggest holding in 390 00:16:51,408 --> 00:16:53,700 this category. I think that Disney plus will be 391 00:16:53,700 --> 00:16:56,000 an enormous success. That's what I'm counting on 392 00:16:56,300 --> 00:16:58,300 right now. This company obviously has a lot 393 00:16:58,300 --> 00:16:59,500 of struggles. It. 394 00:16:59,700 --> 00:17:02,400 A lot of issues that spacing, but as we went over previously, 395 00:17:02,400 --> 00:17:05,000 I think that most of the issues it's facing are temporary. 396 00:17:05,200 --> 00:17:08,099 And the Disney plus streaming service is not temporary. 397 00:17:08,300 --> 00:17:10,800 That's not going away. I think they're going to gain a 398 00:17:10,800 --> 00:17:12,900 tremendous amount of subscribers very quickly. 399 00:17:13,099 --> 00:17:15,400 There's a chance of my mind that they could catch up the Netflix 400 00:17:15,400 --> 00:17:17,500 very quickly. They play their cards, right? 401 00:17:17,500 --> 00:17:19,200 So Disneys one that I'm happy to bet on it. 402 00:17:19,500 --> 00:17:21,700 Another one of my top Holdings is Costco. 403 00:17:21,900 --> 00:17:24,700 This is one of my all-time favorite companies in general. 404 00:17:24,800 --> 00:17:27,400 I think it's one that it does most things, right? 405 00:17:27,400 --> 00:17:29,500 It treats his employees, right? It treats its customers. 406 00:17:29,600 --> 00:17:31,200 Murs, right? And it treats its shareholders, 407 00:17:31,200 --> 00:17:32,800 very well. It does all of that. 408 00:17:32,800 --> 00:17:35,600 At the same time, not many companies can pull that off. 409 00:17:35,600 --> 00:17:37,900 So, Costco is one of my favorite Holdings. 410 00:17:38,100 --> 00:17:40,500 It always seems to trade at a premium. 411 00:17:40,800 --> 00:17:43,800 So you're paying up big money when you're buying Costco, 412 00:17:44,000 --> 00:17:47,100 you're buying it at a very high P/E ratio more expensive than 413 00:17:47,100 --> 00:17:49,800 some of these tech companies, but that's the price you pay for 414 00:17:49,800 --> 00:17:52,800 a business model like Costco. So despite the price. 415 00:17:53,100 --> 00:17:55,800 I've been continuing to build up my Holdings in Costco. 416 00:17:56,100 --> 00:17:58,000 If this company comes down and price, I'm not going to 417 00:17:58,000 --> 00:17:59,200 complain. I'm going to buy more of the 418 00:17:59,200 --> 00:18:01,100 stock. Pepsi's one, that's a good 419 00:18:01,100 --> 00:18:02,600 company. It doesn't seem to have a 420 00:18:02,608 --> 00:18:05,500 tremendous amount of growth, the revenues, pretty flat on it, but 421 00:18:05,500 --> 00:18:08,100 it's a steady dividend payer. I think it will continue to give 422 00:18:08,100 --> 00:18:10,600 very conservative returns. Pepsi's never going to be a 423 00:18:10,600 --> 00:18:13,900 company that I think gives you multiples of your money. 424 00:18:13,900 --> 00:18:17,300 So this is not one that I would put, as a major holding unless 425 00:18:17,300 --> 00:18:19,200 you're wanting a very conservative company. 426 00:18:19,300 --> 00:18:21,600 Home, Depot and Target. Our two companies that I think 427 00:18:21,600 --> 00:18:23,800 are Amazon proof, their companies that I think will 428 00:18:23,800 --> 00:18:26,500 continue to have success. Comcast is a company that I 429 00:18:26,508 --> 00:18:29,200 always like owning because of their media properties, they own 430 00:18:29,900 --> 00:18:33,100 Which owns CNBC they come out with a really good television 431 00:18:33,100 --> 00:18:35,200 series. They recently launched peacock, 432 00:18:35,200 --> 00:18:36,900 which I think is going to do really. 433 00:18:36,900 --> 00:18:38,800 Well. It has kind of a freemium model. 434 00:18:38,800 --> 00:18:42,500 So this is a company that's kind of Telecom Media Company. 435 00:18:42,600 --> 00:18:45,100 It's not going to give you the biggest returns, but I see this 436 00:18:45,100 --> 00:18:48,300 is another very reliable steady dividend payer, that will give 437 00:18:48,300 --> 00:18:50,900 you a conservative returns. And then Nikes one that I've 438 00:18:50,908 --> 00:18:54,100 never put a lot of money in, but this company has impressed me 439 00:18:54,400 --> 00:18:57,200 with their ability to go from Amazon, take all of their 440 00:18:57,200 --> 00:18:59,400 products off Amazon and still be successful. 441 00:18:59,600 --> 00:19:01,600 I'm going to be building up my holding in Nike as well. 442 00:19:01,700 --> 00:19:03,500 All of these companies in consumer. 443 00:19:03,800 --> 00:19:06,300 I'm going to continue to add to. I like all of them and I think 444 00:19:06,300 --> 00:19:08,400 they're very solid companies going into the future. 445 00:19:08,700 --> 00:19:10,100 Next up. We have real estate. 446 00:19:10,400 --> 00:19:12,600 This has been the most unfortunate part of my 447 00:19:12,600 --> 00:19:14,400 portfolio. This is dragged down. 448 00:19:14,400 --> 00:19:17,000 The returns. Real estate was not good to own 449 00:19:17,000 --> 00:19:19,000 going into 2020 some residential. 450 00:19:19,000 --> 00:19:21,100 Real estate has still been good like owning your house. 451 00:19:21,100 --> 00:19:24,600 It's probably gone up in value, but in most cases, if you owned 452 00:19:24,600 --> 00:19:28,100 any type of commercial real estate, it has not done well in 453 00:19:28,100 --> 00:19:31,800 2020, you See overall that I have nineteen thousand seven 454 00:19:31,800 --> 00:19:34,900 hundred dollars total value in this and I'm down two thousand 455 00:19:34,900 --> 00:19:38,200 dollars and even over the past week, the market went up like 456 00:19:38,200 --> 00:19:41,700 six or seven percent just in the past five days, real estate was 457 00:19:41,700 --> 00:19:43,200 only up three point eight percent. 458 00:19:43,200 --> 00:19:47,600 So even with the recovery, real estate continues to be a laggard 459 00:19:47,700 --> 00:19:50,800 continues to underperform. There's not much momentum with 460 00:19:50,800 --> 00:19:52,100 it. There's not many positive 461 00:19:52,100 --> 00:19:54,000 catalysts. It's just something that's been 462 00:19:54,000 --> 00:19:56,600 a continual struggle. So this is the category that I'm 463 00:19:56,600 --> 00:19:59,500 considering making some changes. I have four companies. 464 00:19:59,600 --> 00:20:02,000 He's in real estate, two of which I think are strong 465 00:20:02,000 --> 00:20:05,200 companies and two of, which I think are mostly week companies, 466 00:20:05,500 --> 00:20:09,500 Simon Property, which is a shopping mall company is by far. 467 00:20:09,500 --> 00:20:11,900 The weakest company in my portfolio. 468 00:20:12,000 --> 00:20:14,200 I've gone through and tried to filter out my companies to the 469 00:20:14,200 --> 00:20:17,200 strongest ones remaining and I think that Simon properties, the 470 00:20:17,200 --> 00:20:20,100 very weakest, it same all Reet in 2020. 471 00:20:20,400 --> 00:20:22,500 A lot of people are not going to malls anymore. 472 00:20:22,900 --> 00:20:25,900 Most of them, all's, I see that are very busy are usually filled 473 00:20:25,900 --> 00:20:27,900 up with restaurants. Those are the things everybody 474 00:20:27,900 --> 00:20:31,300 wants to rent to but Property can't fill their entire mall 475 00:20:31,300 --> 00:20:33,000 with restaurants. They need to have shopping 476 00:20:33,000 --> 00:20:36,000 outlets and it seems difficult to keep those in business, 477 00:20:36,000 --> 00:20:38,500 especially in this environment. This is a holding that I've held 478 00:20:38,500 --> 00:20:40,000 since the beginning of my portfolio. 479 00:20:40,100 --> 00:20:42,100 I'm currently down Seventeen, hundred dollars on it. 480 00:20:42,400 --> 00:20:44,600 That's over half of my initial investment. 481 00:20:44,800 --> 00:20:46,800 And this is one that I'm heavily considering selling. 482 00:20:47,000 --> 00:20:49,500 I know, I'll only get eighteen hundred dollars out of the sale, 483 00:20:49,700 --> 00:20:51,800 but I think I might be able to take that capital and put it 484 00:20:51,800 --> 00:20:54,800 into other companies that can grow that amount of money faster 485 00:20:54,800 --> 00:20:57,600 than Simon Property. This is a company that I think 486 00:20:57,900 --> 00:21:00,600 will continue to have struggles. For a very long time. 487 00:21:00,800 --> 00:21:03,800 It'll take a long time for investors to get back on board 488 00:21:03,800 --> 00:21:05,900 with this company. I've also not been impressed 489 00:21:05,900 --> 00:21:08,200 with the management. They haven't been transparent. 490 00:21:08,400 --> 00:21:10,500 They've been very opaque. Most investors. 491 00:21:10,500 --> 00:21:13,000 Don't know what's going on. We have other companies like 492 00:21:13,000 --> 00:21:15,500 store Capital, where the management is extremely 493 00:21:15,500 --> 00:21:17,200 transparent and showing you what they're doing. 494 00:21:17,200 --> 00:21:19,700 So there's a lot of characteristics that I've been 495 00:21:19,700 --> 00:21:23,000 unimpressed with Simon Property. It's a company that I don't see 496 00:21:23,300 --> 00:21:25,600 how it fits with the new normal that. 497 00:21:25,600 --> 00:21:27,300 Well. I think it's going to take 498 00:21:27,300 --> 00:21:31,000 significant adjustments from their Is and that might take 499 00:21:31,000 --> 00:21:33,400 years to do. So, this is one that I might 500 00:21:33,400 --> 00:21:36,800 exit out of take the money. I have and put it in another 501 00:21:36,800 --> 00:21:38,600 opportunity. I think will grow this money 502 00:21:38,600 --> 00:21:40,900 faster. Well, Towers another one that 503 00:21:40,900 --> 00:21:43,400 I'm considering selling. This is a healthcare read and 504 00:21:43,400 --> 00:21:46,300 this is another company that I think has very limited growth. 505 00:21:46,300 --> 00:21:47,900 It has a lot of struggles ahead of it. 506 00:21:48,100 --> 00:21:50,600 These are two companies that the combined sale would provide some 507 00:21:50,600 --> 00:21:53,400 Capital be able to build up another investment and a really 508 00:21:53,400 --> 00:21:55,800 good dividend-paying companies. So I've been considering selling 509 00:21:55,800 --> 00:21:58,600 both of these companies. Next up, we have health care. 510 00:21:58,700 --> 00:22:00,900 This is my fourth biggest A sector I have about twelve 511 00:22:00,900 --> 00:22:03,100 thousand dollars in it. This is a category that's done. 512 00:22:03,100 --> 00:22:05,200 Okay, I'm up 1,600 dollars in it. 513 00:22:05,400 --> 00:22:08,600 I've made some decent returns. I only have two Holdings as of 514 00:22:08,600 --> 00:22:11,400 now. I've sold out of some companies 515 00:22:11,400 --> 00:22:13,400 and I know there's going to be a lot of people that say Joseph, 516 00:22:13,600 --> 00:22:16,900 you sold out of Johnson & Johnson, and Merck and Pfizer 517 00:22:16,900 --> 00:22:19,100 and all these different Healthcare companies. 518 00:22:19,200 --> 00:22:21,200 Why would you sell those great companies? 519 00:22:21,200 --> 00:22:23,500 That is true. I sold out of some of my 520 00:22:23,500 --> 00:22:25,300 individual Holdings in healthcare. 521 00:22:25,600 --> 00:22:27,300 I did that for a specific reason. 522 00:22:27,800 --> 00:22:29,500 All the Holdings that I sought out of. 523 00:22:29,700 --> 00:22:33,600 In healthcare, I put into a Vanguard Healthcare Index Fund. 524 00:22:33,900 --> 00:22:38,000 The top Holdings in this fund, RJ, and Jay, and Pfizer, and 525 00:22:38,000 --> 00:22:39,900 Merc. They're all the same Holdings. 526 00:22:40,200 --> 00:22:42,700 The reason I move them from Individual Holdings. 527 00:22:42,700 --> 00:22:45,900 Into a healthcare Index Fund is because I've been deciding that 528 00:22:45,900 --> 00:22:48,500 I want to focus on companies. I know the most about and 529 00:22:48,500 --> 00:22:50,800 Healthcare companies. I don't know as much about as 530 00:22:50,800 --> 00:22:53,100 other categories. I feel like I can learn the 531 00:22:53,100 --> 00:22:54,000 consumers. Better. 532 00:22:54,300 --> 00:22:56,800 I feel like I can learn the technology companies better. 533 00:22:56,900 --> 00:23:00,200 The health care ones like Pfizer and J and J are mostly out of my 534 00:23:00,200 --> 00:23:02,600 scope of competence. So even though I made money on 535 00:23:02,600 --> 00:23:06,300 all of those sales and I made a profit, I decided to exit out of 536 00:23:06,300 --> 00:23:09,100 them and put that money in an ETF where I don't have to worry 537 00:23:09,100 --> 00:23:11,300 about controlling them. The only one that I've continued 538 00:23:11,300 --> 00:23:14,400 to hold individually as a be because this is the only health 539 00:23:14,400 --> 00:23:17,300 care company that I really believed was undervalued at the 540 00:23:17,300 --> 00:23:18,700 time. So I didn't want to sell it when 541 00:23:18,700 --> 00:23:21,000 it's undervalued. I think there's a story to play 542 00:23:21,000 --> 00:23:23,400 out with that V and I think it will gain value over time. 543 00:23:23,400 --> 00:23:26,400 So right now my Healthcare pie is very simple. 544 00:23:26,700 --> 00:23:29,000 It's mostly in a Vanguard Healthcare Index Fund. 545 00:23:29,300 --> 00:23:32,400 All Top Holdings of this are mostly the Holdings I had. 546 00:23:32,400 --> 00:23:35,100 And then we have extra exposure to a v, which I think is a stock 547 00:23:35,100 --> 00:23:37,500 that's undervalued right now. In the finance category. 548 00:23:37,500 --> 00:23:39,800 I have eleven thousand five hundred dollars and I've done 549 00:23:39,800 --> 00:23:42,100 something similar. I sold out of a few companies 550 00:23:42,100 --> 00:23:43,900 that I didn't really have a strong conviction on. 551 00:23:43,900 --> 00:23:47,000 And I put that money into an index fund and then I put more 552 00:23:47,000 --> 00:23:49,700 money into the companies that I have a strong conviction on. 553 00:23:50,000 --> 00:23:53,900 That's JP Morgan and tiro price. These are I think the two best 554 00:23:53,900 --> 00:23:57,600 picks in the financial realm outside of just your fintechs 555 00:23:57,600 --> 00:24:00,200 like PayPal and square. Those Don't really fit with the 556 00:24:00,200 --> 00:24:02,000 strategy. I'm doing in this portfolio. 557 00:24:02,000 --> 00:24:03,600 But JP Morgan is a pretty big divot. 558 00:24:03,600 --> 00:24:06,700 A it's a diversified Bank. They're competing in fintech 559 00:24:06,700 --> 00:24:08,800 with square. They have a lot of things going 560 00:24:08,800 --> 00:24:11,000 for him. I think as the economy recovers 561 00:24:11,000 --> 00:24:13,800 that this holding will do really well and tiro price is one 562 00:24:13,800 --> 00:24:16,000 that's always done. Well, they're not really a bank, 563 00:24:16,000 --> 00:24:17,900 their financial institution that helps people with their 564 00:24:17,900 --> 00:24:19,700 Investments. And so I think this one's going 565 00:24:19,700 --> 00:24:22,400 to do well in the future regardless of the economy and 566 00:24:22,400 --> 00:24:25,100 then Vanguard Financial Index, Fund vfh. 567 00:24:25,400 --> 00:24:28,200 Is a new ETF where I put all the money from those other Banks 568 00:24:28,200 --> 00:24:30,700 being sold, so it gets me too. Certified with a lot of other 569 00:24:30,700 --> 00:24:33,600 financial institutions and it also pays a quarterly dividend 570 00:24:33,900 --> 00:24:35,600 and utilities. I have seven thousand six. 571 00:24:35,600 --> 00:24:38,300 Hundred dollars invested. It's mostly spread across these 572 00:24:38,300 --> 00:24:41,500 four companies Dominion energy. Nextera energy, The Southern 573 00:24:41,500 --> 00:24:44,400 Company and Duke Energy. All of these I plan on holding. 574 00:24:44,400 --> 00:24:47,400 I think they're all very strong companies out of the four. 575 00:24:47,600 --> 00:24:50,100 I think that next era is probably the best bet. 576 00:24:50,200 --> 00:24:53,000 It's the one that's moving most heavily into renewable energy. 577 00:24:53,300 --> 00:24:56,000 So I like this company a lot but I like all these Holdings. 578 00:24:56,000 --> 00:24:57,500 I don't plan on selling any of them. 579 00:24:57,800 --> 00:25:00,300 I introduced a Vanguard. T Index Fund. 580 00:25:00,500 --> 00:25:03,800 I might throw some money in this to give me exposure to smaller 581 00:25:03,800 --> 00:25:05,700 utility companies outside of these big for. 582 00:25:05,900 --> 00:25:08,200 But most of the money that I put into utilities, will continue to 583 00:25:08,208 --> 00:25:11,300 go into these four companies. And then in Telecom, I'm also in 584 00:25:11,300 --> 00:25:13,400 the red that's entirely from AT&T. 585 00:25:13,600 --> 00:25:15,900 So the total value, seven thousand two hundred dollars. 586 00:25:16,100 --> 00:25:19,500 I only hold two companies and Telecom AT&T and Verizon 587 00:25:19,700 --> 00:25:22,900 Verizon. I'm in the green by $230 ATM 588 00:25:22,900 --> 00:25:26,600 down $743. So AT&T has been a company that 589 00:25:26,600 --> 00:25:28,400 investors continually sell out of? 590 00:25:28,600 --> 00:25:31,600 It's reached a Your low recently and there's not a lot of 591 00:25:31,600 --> 00:25:33,200 positive factors with this company. 592 00:25:33,300 --> 00:25:35,700 I don't plan on selling it right now, even though it is one of 593 00:25:35,700 --> 00:25:38,600 the weaker Holdings because it has consistent cash flow. 594 00:25:38,700 --> 00:25:40,400 It provides a really Hefty dividend. 595 00:25:40,700 --> 00:25:42,500 It's at a very low valuation right now. 596 00:25:42,600 --> 00:25:45,000 So I'll continue to hold it but I don't plan on adding to it 597 00:25:45,000 --> 00:25:46,900 aggressively. I'll just get the dividends from 598 00:25:46,900 --> 00:25:49,900 this company and invested into other Holdings and Industrials. 599 00:25:49,900 --> 00:25:51,800 We only have twenty three hundred dollars and it's 600 00:25:51,800 --> 00:25:55,400 invested into of the most boring companies, Union Pacific, which 601 00:25:55,400 --> 00:25:58,300 is a railroad company and then Waste Management, which is a 602 00:25:58,400 --> 00:26:01,000 garbage company. It's not a bad company. 603 00:26:01,000 --> 00:26:03,000 I'm not saying that as a negative term. 604 00:26:03,200 --> 00:26:05,600 I'm saying, it's literally a garbage company. 605 00:26:05,700 --> 00:26:07,100 Both of these are solid companies. 606 00:26:07,100 --> 00:26:08,800 I don't plan on making any changes to them. 607 00:26:09,100 --> 00:26:10,500 So that's it. That's the portfolio. 608 00:26:10,500 --> 00:26:12,300 So far. If you want to see the exact 609 00:26:12,300 --> 00:26:14,200 allocation of everything. There's a link in the 610 00:26:14,200 --> 00:26:16,100 description. You just click on that and it 611 00:26:16,100 --> 00:26:19,200 opens up my current location. Now another thing we can look at 612 00:26:19,200 --> 00:26:22,100 with my portfolio is my income growth over time. 613 00:26:22,500 --> 00:26:25,400 This graph shows month over month how much I've been paid in 614 00:26:25,400 --> 00:26:27,600 dividends. So it's very basic. 615 00:26:27,600 --> 00:26:29,300 I just add up how much I was paid. 616 00:26:29,600 --> 00:26:32,100 Dividends for that month and then it's plotted out here. 617 00:26:32,200 --> 00:26:35,900 This is since the beginning of my portfolio in January of 2018, 618 00:26:35,900 --> 00:26:38,100 and you can see that it has its up and downs over time. 619 00:26:38,100 --> 00:26:40,700 There's some ones that are pretty high some that are low, 620 00:26:40,700 --> 00:26:43,000 but overall it continues to Trend in the same direction. 621 00:26:43,000 --> 00:26:46,000 Over the past few months. It's been a little bit chaotic. 622 00:26:46,100 --> 00:26:48,700 I've had some lower months, but that's mostly because I've been 623 00:26:48,700 --> 00:26:51,600 changing around my Holdings. The payout schedules different 624 00:26:51,600 --> 00:26:54,300 on different Holdings, but I expect this to continue to go 625 00:26:54,300 --> 00:26:55,000 up. Over time. 626 00:26:55,300 --> 00:26:57,400 I think going into the closing of this year. 627 00:26:57,700 --> 00:27:00,400 We'll have months over $350. Here's another graph. 628 00:27:00,400 --> 00:27:03,000 We can look at is this one? This is the year-over-year 629 00:27:03,000 --> 00:27:06,200 growth, the pink bars represent 2018, and then the blue bars are 630 00:27:06,200 --> 00:27:08,500 2019. Then of course the yellow bars 631 00:27:08,500 --> 00:27:11,800 are 2020, so you can see the growth over time in October of 632 00:27:11,800 --> 00:27:14,000 2018. I earned fifty two dollars in 633 00:27:14,000 --> 00:27:16,200 dividends. In October of 2019. 634 00:27:16,300 --> 00:27:22,000 I earned $184 and then in October of 2020, iron $265. 635 00:27:22,100 --> 00:27:24,700 If you plotted this out, as Revenue, growth for a company, 636 00:27:25,000 --> 00:27:27,200 this would be impressive. The company would be growing, 637 00:27:27,200 --> 00:27:29,400 its Revenue very quickly. So I like seeing the same. 638 00:27:29,500 --> 00:27:32,400 Can happen with my finances. I'm hoping that I continue to 639 00:27:32,400 --> 00:27:35,300 beat these every single year and grow this Revenue stream of 640 00:27:35,300 --> 00:27:37,800 dividends in my portfolio. And this website with all these 641 00:27:37,800 --> 00:27:40,900 graphs, of course are available if you join the patreon, so if 642 00:27:40,900 --> 00:27:42,600 you want to try that out again, there's a link in the 643 00:27:42,600 --> 00:27:44,800 description. Okay, let's move on and get some 644 00:27:44,800 --> 00:27:46,700 questions. Joseph at Joseph Carlson 645 00:27:46,700 --> 00:27:50,100 show.com is an email address. That's Joseph at Joseph Carlson 646 00:27:50,100 --> 00:27:52,100 show.com., The first ones from Jensen. 647 00:27:52,100 --> 00:27:53,900 He says, hi Joseph, quick question. 648 00:27:54,100 --> 00:27:55,500 I wanted to get your thoughts on Apple. 649 00:27:55,500 --> 00:27:58,700 Being a main proponent of removing our right to repair the 650 00:27:58,700 --> 00:28:00,000 devices. They Sell to us. 651 00:28:00,000 --> 00:28:03,700 The customers, just seeing all of their tactics of making their 652 00:28:03,700 --> 00:28:06,900 customers have to buy an entirely new device rather than 653 00:28:06,900 --> 00:28:10,200 perform simple fixes for cheaper than quoted doesn't sit. 654 00:28:10,200 --> 00:28:13,000 Well, with me. I've seen people turn away from 655 00:28:13,000 --> 00:28:14,900 using Apple products for this reason. 656 00:28:14,900 --> 00:28:17,700 It was wondering if you see this as a threat to the overall, 657 00:28:17,700 --> 00:28:20,000 health of the company. Keep up the good work. 658 00:28:21,400 --> 00:28:22,900 Yeah. I've seen this as a main 659 00:28:22,900 --> 00:28:26,800 complaint with apple, the right to repair, Apple makes it 660 00:28:26,800 --> 00:28:29,000 difficult to repair their devices or replace. 661 00:28:29,000 --> 00:28:32,800 Their Says Android for instance, is much more open to lots of 662 00:28:32,800 --> 00:28:34,400 different people repairing their devices. 663 00:28:34,800 --> 00:28:37,200 I think this comes from a different standpoint of Apple. 664 00:28:37,600 --> 00:28:40,800 I don't think this is about making money, so much as 665 00:28:40,800 --> 00:28:44,400 ensuring the user experience. So, Apple does everything. 666 00:28:44,400 --> 00:28:47,900 They can everything in their power to have a vertically, 667 00:28:47,900 --> 00:28:51,900 integrated experience where they control everything from their 668 00:28:51,900 --> 00:28:54,700 end, to the users end. They want to control everything 669 00:28:54,900 --> 00:28:57,600 because if another company controls any part of the 670 00:28:57,600 --> 00:29:00,700 experience, it can be in fear. Barrier and it can reflect 671 00:29:00,700 --> 00:29:02,400 poorly on. Apple's brand. 672 00:29:02,700 --> 00:29:06,200 I can give the example of the Apple wireless router. 673 00:29:06,500 --> 00:29:09,700 Apple used to sell wireless routers and they discontinued 674 00:29:09,700 --> 00:29:10,900 it. Even though I thought they 675 00:29:10,900 --> 00:29:13,000 worked pretty good. I had one myself for a while. 676 00:29:13,300 --> 00:29:17,800 It worked out fine for router, but Apple cut off that product 677 00:29:18,100 --> 00:29:21,600 and I think the reason why, in my opinion, they haven't confirm 678 00:29:21,600 --> 00:29:24,500 this, but I speculate that the reason why was because Apple 679 00:29:24,500 --> 00:29:27,700 couldn't control the entire user experience since the wireless 680 00:29:27,700 --> 00:29:31,400 router was reliant on. Internet service provider, many 681 00:29:31,400 --> 00:29:34,600 times people's internet would be poor or it would perform poor 682 00:29:34,600 --> 00:29:36,800 because of Comcast or a different internet service 683 00:29:36,800 --> 00:29:39,600 provider and people would attribute that to Apple. 684 00:29:39,600 --> 00:29:41,800 They'd say my Apple wireless router doesn't work. 685 00:29:41,800 --> 00:29:43,300 Well, I'm not getting good internet. 686 00:29:43,300 --> 00:29:46,500 An apple doesn't have the way of saying that's actually not our 687 00:29:46,500 --> 00:29:47,700 router. That's your internet service 688 00:29:47,700 --> 00:29:51,000 provider. So because of other companies, I 689 00:29:51,000 --> 00:29:52,700 think the apple is getting their name hurt. 690 00:29:52,900 --> 00:29:55,000 There are getting their brand hurt by internet service 691 00:29:55,000 --> 00:29:57,400 providers. So they said rather than 692 00:29:57,400 --> 00:30:00,100 damaging our brand we're just not going to To offer this line 693 00:30:00,100 --> 00:30:03,200 of products, unless we can control the internet as well. 694 00:30:03,500 --> 00:30:05,100 We don't want to faulty internet service. 695 00:30:05,100 --> 00:30:07,400 Provider to reflect poorly on our brand. 696 00:30:07,400 --> 00:30:11,300 So Apple does that all the time. They want to control everything, 697 00:30:11,300 --> 00:30:14,300 beginning to end. You look at repairing a device 698 00:30:14,900 --> 00:30:17,800 and a lot of these third-party repair groups. 699 00:30:18,100 --> 00:30:21,400 They do a very sloppy job and repairing a lot of the iPhone 700 00:30:21,400 --> 00:30:23,800 screens. You can get aftermarket are not 701 00:30:23,800 --> 00:30:25,700 nearly as good as the Apple screen. 702 00:30:25,900 --> 00:30:27,900 So if you go and you pay somebody a cheaper amount to 703 00:30:27,900 --> 00:30:30,500 repair your screen, they in, Dollar screen, that's not as 704 00:30:30,500 --> 00:30:31,900 good. It doesn't have all the same 705 00:30:31,900 --> 00:30:33,800 features as the original Apple screen. 706 00:30:34,100 --> 00:30:36,800 It doesn't have the same quality and you're using your phone and 707 00:30:36,800 --> 00:30:39,000 it's a little bit more laggy. The screen doesn't work quite as 708 00:30:39,000 --> 00:30:41,100 well. You might attribute that to 709 00:30:41,100 --> 00:30:44,700 Apple, that might hurt their branding, because of this 710 00:30:44,700 --> 00:30:47,400 third-party repair. You might think the repair went 711 00:30:47,400 --> 00:30:50,100 fine, but this is just kind of how I phones work. 712 00:30:50,100 --> 00:30:54,500 So, I think apple is obsessed about making sure that they 713 00:30:54,500 --> 00:30:57,600 control the entire user experience that they don't have 714 00:30:57,600 --> 00:31:00,400 third parties doing. There's that aren't up to their 715 00:31:00,400 --> 00:31:03,400 standards and having that reflect poorly on their brand. 716 00:31:03,600 --> 00:31:06,900 They'd rather say if you want to repair our devices, you need to 717 00:31:06,908 --> 00:31:10,100 be certified by us to be able to repair them so that they're up 718 00:31:10,100 --> 00:31:12,300 to our quality. So it doesn't reflect poorly on 719 00:31:12,300 --> 00:31:14,900 our brand. And I think the big debate here 720 00:31:15,100 --> 00:31:16,800 is whether they have the right to do that. 721 00:31:16,900 --> 00:31:18,900 I don't think that they can prevent people from going in and 722 00:31:18,908 --> 00:31:22,000 repairing the devices, but I think they're trying to say if 723 00:31:22,000 --> 00:31:24,300 you're going to go and get your devices repaired by some third 724 00:31:24,300 --> 00:31:26,100 party, that's not approved by us. 725 00:31:26,200 --> 00:31:29,100 That doesn't have our standards, and they do a really bad job at 726 00:31:29,100 --> 00:31:30,600 it. They screw up the device even 727 00:31:30,600 --> 00:31:32,600 more. We're not going to warranty that 728 00:31:32,700 --> 00:31:35,500 they go on and damage the device even more than what it was. 729 00:31:35,700 --> 00:31:37,500 We don't want to stand by that products. 730 00:31:37,500 --> 00:31:39,000 I think that's apples. Argument. 731 00:31:39,300 --> 00:31:41,600 Obviously, there's huge debates going on with this. 732 00:31:41,900 --> 00:31:45,700 It's actually very hot topic debated with apple, but I can 733 00:31:45,700 --> 00:31:48,900 see where apples coming from. They want to have every single 734 00:31:48,900 --> 00:31:52,600 device up to their standard because they are obsessive about 735 00:31:52,600 --> 00:31:54,700 user experience. It's part of the reason they 736 00:31:54,700 --> 00:31:58,200 want to control every single app that gets on the App Store, you 737 00:31:58,200 --> 00:32:00,800 have so many quality. Roll measures of that and I 738 00:32:00,800 --> 00:32:02,200 think it's the same thing with repairs. 739 00:32:02,300 --> 00:32:04,800 They want everybody to have their device repaired up to 740 00:32:04,800 --> 00:32:07,300 their standards, where the rights come in and what people 741 00:32:07,300 --> 00:32:10,700 can do, and how Apple weren't easiest products is Up For 742 00:32:10,700 --> 00:32:14,600 Debate, but I can see where they're coming from M says howdy 743 00:32:14,600 --> 00:32:16,800 Joseph. I've been pretty hungry on 744 00:32:16,800 --> 00:32:19,300 learning more about investing strategies, and terms lately. 745 00:32:19,500 --> 00:32:23,500 One such strategy is quote, Buy Low and sell High / hold while 746 00:32:23,500 --> 00:32:25,900 em, I think that's, that's generally the basis of 747 00:32:25,908 --> 00:32:28,300 investing. But anyway, you say so I 748 00:32:28,300 --> 00:32:30,400 thought. Well, when is At its lowest when 749 00:32:30,400 --> 00:32:34,000 the market drops, I've read terms like stocks on sale or 750 00:32:34,000 --> 00:32:36,600 discounted. Is there a way to tell or alert 751 00:32:36,600 --> 00:32:37,400 you? When they do? 752 00:32:37,700 --> 00:32:39,300 There's lots of questions in that. 753 00:32:39,300 --> 00:32:40,800 I know. And of course thank you for the 754 00:32:40,808 --> 00:32:42,600 content. It really changed the way I 755 00:32:42,600 --> 00:32:45,300 focus on my finances. Well, I'm glad I could put more 756 00:32:45,300 --> 00:32:48,700 of a focus on finances. Like I said, these current 757 00:32:48,700 --> 00:32:51,700 events that go on, they change all the time, but if you put 758 00:32:51,700 --> 00:32:54,900 emphasis on your finances, I think it has a much longer 759 00:32:55,100 --> 00:32:57,400 lasting positive impact on your your life. 760 00:32:57,400 --> 00:33:01,000 So, to answer your question. Question trying to find 761 00:33:01,000 --> 00:33:06,000 companies on sale and by good companies at specific times I 762 00:33:06,000 --> 00:33:10,600 think is mostly a losing game and I say that as somebody that 763 00:33:10,600 --> 00:33:13,800 I consider myself a person that tries to find Value in 764 00:33:13,800 --> 00:33:15,100 companies. I want to buy them at good 765 00:33:15,100 --> 00:33:16,500 times. I don't want to overpay for 766 00:33:16,500 --> 00:33:19,200 them. But when I look at history, it's 767 00:33:19,200 --> 00:33:22,900 very difficult to try to buy good companies during a 768 00:33:22,900 --> 00:33:25,700 discounted time. It's very difficult to do. 769 00:33:26,000 --> 00:33:29,200 If you're looking for bottom Barrel deal. 770 00:33:29,400 --> 00:33:31,900 On companies, a lot of times. I think you end up with 771 00:33:31,900 --> 00:33:35,000 companies that are value traps. There's a reason that companies 772 00:33:35,000 --> 00:33:38,600 trade at very low P/E, ratios, by the rest of the market is 773 00:33:38,608 --> 00:33:42,300 trading at high P/E ratios. If you just focused on companies 774 00:33:42,500 --> 00:33:46,200 that are ultra low P/E ratios or price to sail or whatever, 775 00:33:46,200 --> 00:33:48,700 valuation metric, you want to look at, you end up with 776 00:33:48,700 --> 00:33:50,700 companies like Simon Property and AT&T. 777 00:33:50,900 --> 00:33:53,300 Those are both value buys right now. 778 00:33:53,300 --> 00:33:55,900 Those are both low valued companies but assignment 779 00:33:55,900 --> 00:33:58,300 property in AT&T been good Investments. 780 00:33:58,800 --> 00:34:00,800 No, they haven't. Not been great Investments for a 781 00:34:00,800 --> 00:34:04,000 number of years. So when I look at it, you can't 782 00:34:04,000 --> 00:34:07,400 look at just these type of metrics to see what's a good 783 00:34:07,400 --> 00:34:09,800 value. You also have to incorporate the 784 00:34:09,800 --> 00:34:12,400 future of the economy, the future direction, that people 785 00:34:12,400 --> 00:34:16,199 behave and people consume content consume products. 786 00:34:16,199 --> 00:34:17,600 The way that they transfer money. 787 00:34:18,100 --> 00:34:21,100 Look at the way that Commerce is going in general, and try to 788 00:34:21,100 --> 00:34:22,699 look at the companies that are going to be able to take 789 00:34:22,699 --> 00:34:25,000 advantage of that. The most, a lot of these ones 790 00:34:25,000 --> 00:34:26,400 are already priced, really high there. 791 00:34:26,400 --> 00:34:30,400 A lot of tech companies there a lot of Creation companies. 792 00:34:30,699 --> 00:34:33,000 They're the ones that people are putting their money in the most, 793 00:34:33,100 --> 00:34:36,900 but these companies, even though they might not fit with being on 794 00:34:36,900 --> 00:34:39,699 sale or being discounted, if they're going to grow for 795 00:34:39,699 --> 00:34:42,900 another 10 years buying them right now is probably not a bad 796 00:34:42,900 --> 00:34:45,300 deal. So I would focus Less on trying 797 00:34:45,300 --> 00:34:48,699 to get alerts when a company enters a specific PE ratio. 798 00:34:49,100 --> 00:34:52,500 If a company is under a 15 P/E ratio that does not mean it's a 799 00:34:52,507 --> 00:34:55,800 good Buy in and of itself that does not mean it's a steal. 800 00:34:55,900 --> 00:34:58,000 There's a reason investors are discounting it. 801 00:34:58,100 --> 00:35:00,000 So, instead of focusing. Focusing on that. 802 00:35:00,000 --> 00:35:03,000 Look at the companies that you think will be the winners over 803 00:35:03,000 --> 00:35:05,300 the next 10 years. I say just dollar cost average 804 00:35:05,300 --> 00:35:07,000 into the company's. You think will be the winners. 805 00:35:07,300 --> 00:35:10,400 The next one is from Anonymous, living in Hong Kong. 806 00:35:10,700 --> 00:35:12,800 He says, I wanted to email you and say thank you for all the 807 00:35:12,800 --> 00:35:14,600 wonderful content you put on your videos. 808 00:35:14,800 --> 00:35:16,500 I've learned so much about investing from you. 809 00:35:16,900 --> 00:35:18,500 Thanks to you. I finally have the confidence to 810 00:35:18,500 --> 00:35:21,700 invest in April, was able to get some really great companies at 811 00:35:21,700 --> 00:35:24,100 Great Value. I now have 35 companies in my 812 00:35:24,100 --> 00:35:26,300 portfolio. My question to you is, do you 813 00:35:26,300 --> 00:35:30,800 think having 35 companies is too many What do you recommend is a 814 00:35:30,800 --> 00:35:32,600 good number to have in a portfolio? 815 00:35:32,700 --> 00:35:35,400 I'm going to keep adding to my portfolio whenever I can. 816 00:35:36,800 --> 00:35:41,100 This is something that I've adapted my portfolio when I 817 00:35:41,100 --> 00:35:44,300 started off two years ago. I was very excited to buy every 818 00:35:44,300 --> 00:35:46,900 company that I really liked. And I had like 60 companies to 819 00:35:46,900 --> 00:35:49,400 start with not the best strategy, my opinion. 820 00:35:49,800 --> 00:35:53,300 Now, since then, I've continually trimmed my positions 821 00:35:53,600 --> 00:35:56,900 and focused on higher conviction bets and I think that that's 822 00:35:56,900 --> 00:36:00,000 what people should generally be doing out of your Or 35 823 00:36:00,000 --> 00:36:01,800 companies. There's probably a good amount 824 00:36:01,800 --> 00:36:04,800 of them that you really don't understand the businesses all 825 00:36:04,800 --> 00:36:07,200 that. Well, not most people have the 826 00:36:07,200 --> 00:36:10,500 ability to understand 35 different businesses and 827 00:36:10,500 --> 00:36:13,100 different categories on an in-depth level. 828 00:36:13,400 --> 00:36:15,100 But out of those are probably ones that you really do. 829 00:36:15,100 --> 00:36:17,600 Have a good grasp on your much more comfortable and looking at 830 00:36:17,600 --> 00:36:20,000 the business and how it's doing, and it's easier for you to do 831 00:36:20,000 --> 00:36:22,900 analysis on it. So, what I would do is I would 832 00:36:22,900 --> 00:36:26,200 keep the companies that you feel the most comfortable investing 833 00:36:26,200 --> 00:36:28,900 in the ones, you have the highest level of knowledge on 834 00:36:29,400 --> 00:36:32,400 Would keep those as individual Holdings and then I would 835 00:36:32,400 --> 00:36:35,500 introduce ETFs to give you exposure to the sectors that you 836 00:36:35,500 --> 00:36:37,100 don't have as much knowledge over. 837 00:36:37,400 --> 00:36:39,600 That's exactly what I've been doing with my portfolio. 838 00:36:40,000 --> 00:36:42,800 In the healthcare sector. I realized that I want to have 839 00:36:42,800 --> 00:36:44,800 exposure to it. I think these companies are 840 00:36:44,800 --> 00:36:46,700 really good companies. They're going to be around for 841 00:36:46,700 --> 00:36:49,200 the long term. Everybody needs health care and 842 00:36:49,200 --> 00:36:53,200 pharmaceuticals, but I just don't understand the industry 843 00:36:53,200 --> 00:36:57,600 that well, I don't understand clinical trials and how they go 844 00:36:57,600 --> 00:37:00,500 through and do all this stuff. So, I thought I need to follow 845 00:37:00,500 --> 00:37:03,100 Peter Lynch's advice and invest in what I know and I really 846 00:37:03,100 --> 00:37:06,100 don't know healthcare companies that well, so even though I 847 00:37:06,100 --> 00:37:08,200 don't know him well, but I still want exposure. 848 00:37:08,500 --> 00:37:10,800 There's a way that you can accomplish both of those things 849 00:37:11,000 --> 00:37:13,000 ETS. If you want to invest where you 850 00:37:13,000 --> 00:37:15,600 don't know something. Well, but you want exposure, use 851 00:37:15,600 --> 00:37:19,600 an ETF, if you have a good knowledge or good competency of 852 00:37:19,600 --> 00:37:22,200 a certain sector. I feel like I'm much more 853 00:37:22,200 --> 00:37:25,000 knowledgeable about tech, then you can start picking out 854 00:37:25,000 --> 00:37:27,600 individual companies that you want to give a higher 855 00:37:27,600 --> 00:37:30,300 conviction, bet on and that you want to give More exposure to. 856 00:37:30,300 --> 00:37:33,200 So that's kind of the route that I've been taking where if it's 857 00:37:33,200 --> 00:37:34,600 outside of my circle of competence. 858 00:37:34,800 --> 00:37:37,600 If I don't feel like I can really grasp the company's, then 859 00:37:37,600 --> 00:37:40,400 I'm going to do that through ETFs if their companies that I 860 00:37:40,400 --> 00:37:42,700 really feel like I know in-depth, I'm going to do that 861 00:37:42,700 --> 00:37:45,200 with individual Holdings in general. 862 00:37:45,200 --> 00:37:48,400 I think 35 is about the max amount of Holdings. 863 00:37:48,400 --> 00:37:50,700 You should have for an individual investor. 864 00:37:51,100 --> 00:37:54,700 I think the sweet spot is around 20 to 30. 865 00:37:54,800 --> 00:37:57,000 I think that's a really good portfolio. 866 00:37:57,400 --> 00:38:00,400 I don't think it's good to have. Two or three Holdings of 867 00:38:00,400 --> 00:38:02,600 individual companies. Some people feel like they have 868 00:38:02,600 --> 00:38:05,000 to have that concentrated of a portfolio. 869 00:38:05,200 --> 00:38:06,900 That might be good. If you're working with a small 870 00:38:06,900 --> 00:38:09,200 amount of money and you really want to do some big bets. 871 00:38:09,400 --> 00:38:12,000 But for bigger portfolios, I think it's better to have a 872 00:38:12,008 --> 00:38:15,700 little bit more Diversified. So around 20 to 25 Holdings, I 873 00:38:15,700 --> 00:38:18,700 think is probably a good place for most people. 874 00:38:19,000 --> 00:38:22,300 Robert says, what program do you use to look at your portfolio? 875 00:38:22,600 --> 00:38:25,000 Great show. I am using Charles Schwab app on 876 00:38:25,000 --> 00:38:27,300 my phone right now. I'm a new investor here. 877 00:38:27,300 --> 00:38:29,100 Loving the information for the long term. 878 00:38:29,300 --> 00:38:31,700 Thank you for your time. Well, Robert, I appreciate the 879 00:38:31,707 --> 00:38:34,300 compliments on the channel. I'm using a broker called M1 880 00:38:34,300 --> 00:38:35,600 Finance. There's a link in the 881 00:38:35,607 --> 00:38:38,700 description of this video to their website, but it's one of 882 00:38:38,707 --> 00:38:41,500 these newer Brokers that can do some pretty cool things. 883 00:38:41,500 --> 00:38:44,000 So they're building out a lot of different features as well. 884 00:38:44,000 --> 00:38:48,300 They have a checking account. They have automated Investments. 885 00:38:48,300 --> 00:38:50,900 Now, that's something I've been setting up in my portfolio so 886 00:38:50,900 --> 00:38:53,600 that I have money that flows into a checking account and then 887 00:38:53,607 --> 00:38:55,300 it overflows into my investments. 888 00:38:55,600 --> 00:38:57,000 It's pretty cool. Some of the stuff they're doing, 889 00:38:57,000 --> 00:39:00,600 so it's a smaller company, it's not As big as Vanguard or Schwab 890 00:39:00,600 --> 00:39:03,300 by any means, but it's one of these newer fintech brokerages 891 00:39:03,300 --> 00:39:04,900 that I really like. Okay. 892 00:39:04,900 --> 00:39:06,400 Well, I'm going to go ahead and leave it there. 893 00:39:06,400 --> 00:39:08,000 I appreciate everybody for tuning in. 894 00:39:08,400 --> 00:39:11,500 I had a lot of episodes I wanted to do this week, but it just 895 00:39:11,500 --> 00:39:14,700 didn't feel right to come out with these non related to 896 00:39:14,700 --> 00:39:17,700 politics episodes, right? When we're having a huge general 897 00:39:17,700 --> 00:39:19,600 elections. It just didn't feel like the 898 00:39:19,600 --> 00:39:21,300 right time. So I have a lot of content that 899 00:39:21,300 --> 00:39:23,800 will be coming out with this next week that I think will be 900 00:39:23,800 --> 00:39:25,600 fun to discuss. So if you want to see that, hit 901 00:39:25,600 --> 00:39:28,800 the Subscribe button and the little notification that always 902 00:39:28,800 --> 00:39:30,800 helps out. Channel as well as keep in mind 903 00:39:30,800 --> 00:39:33,900 that we're on Spotify and apple podcasts and Google podcast. 904 00:39:33,900 --> 00:39:35,800 So so go subscribe there as well. 905 00:39:35,800 --> 00:39:37,300 And you get this in audio format. 906 00:39:37,700 --> 00:39:39,400 Otherwise, I will see you guys next time.