I never know what markets are going to do, there's never been
a time in my life, what I know what markets are going to do
over a long period of time, they're going to go up, but in
terms of what's going to happen in a day or a week, or a month,
or a year even never felt that I knew it and I've never felt that
was important. I will say that in 10 or 20 or
30 years, I think stocks will be a lot higher than they are.
Now, let me save you. A lot of trouble today as you
hear all different opinions about the stock market, it
different analysts and people pontificating about the future
of the economy. The recession coming up the
single dip or the double dip. That's going to happen.
Interest rates inflation, the next earning season and on and
on Warren Buffett. Simplifies this for us.
We don't know what direction the markets going to go tomorrow or
the next day, but over a 10-year period.
There is a very good chance that it's going to go up over a
20-year period. It's almost unquestionable that
Rocks are going to go up. It's happened in literally every
rolling 20-year period since the beginning of the stock market.
So the reason that I'm not worried about my portfolio or
the fact that the markets in the red today.
Oh, no. I'm down, eight thousand dollars
today. So much money vanished, the
reason that I'm not concerned about this is because I look at
the fundamentals of the companies that I'm invested in.
I look on an individual case-by-case basis and I don't
let the market whip song back and forth from positive to
negative on. A weekly or monthly basis change
my long-term perspective about how my investments are doing.
Now, having said that we do have a lot to get into in this
episode. The first thing that I want to
get into is related to all the talk about the market.
I think, one thing that every investor should do, if you're
investing in individual companies, is create a chart.
Just like this, it literally takes 10 minutes to do, and you
can record how your companies are doing on an earnings basis.
You can see if they're beating their expectations or missing.
I did that for every single hole And every one of my companies
and I also compared it against the average of the market.
The S&P 500 and Q2 had an average of 62 percent beat
earnings my portfolio and the capital that I invested has 77
percent be earnings. So we're over all doing really
well and there's more insights that we can gain from this.
So in this episode, I'll be going over there, Q2 earnings
this chart and what I plan on doing in the future related to
this. Now we also have some big news
movie passes. Back remember movie pass with
their business model of letting you watch unlimited movies for
ten dollars per month. You could literally watch a
movie a day. It was almost too good to be
true. Well it actually was the company
ended up going bankrupt but now they're back and they have a
bigger and better plan than before and it's going to be
premiering in two days and 19 hours and eight minutes.
So we're going to discuss what went wrong with movie pass their
original business model and what they're trying to do to update
the business model to make it a Us this time around.
Now, speaking of movies and television, we also have the
premiere of House of dragon the prequel to Game of Thrones that
premiered last night and it actually was such a success that
it caused problems. There's people that had trouble
streaming it. We're going to go over this and
how it's affected, Warner Brothers, Discovery and see if
this can change anything for this new streaming service.
And then finally, we have more Tick, Tock advice the last one
that we went. Over was how to have a
productive day. Which included.
Checking yourself in the mirror at least five times a day.
This one is more simple. Oil.
This is how to become completely financially set within 10 years
by following three simple steps. So, as always, we have a lot to
jump into in this episode. If you like this type of
content, make sure to subscribe to the Channel with the Bell
icon. So you get notifications that
Bell icon is the way that YouTube notifies you with a
toast notification. Now let's go ahead and just do a
quick portfolio update. I haven't made any major
changes. What I've been doing, is
continually dollar cost averaging into the market, come
rain or shine. No matter what direction, the
markets going, whether it's going up or whether it's going
down, like days. Like, today, it's down around
2%. I've just been buying into
companies that I think are currently good value.
One of them is Church & Dwight. I've been building up a little
bit bigger position in this company, I bought more Nike and
I bought a little bit more Pepsi.
I'm currently buying these consumer staple and consumer
companies. I bought a bit more of the
restaurant stocks. I know these ones are supposed
to be bad buys right now because apparently we're going into a
big recession. I can't help myself.
I like the business models of them.
I want to hold them for a multi-year period.
So whether or not we go into a recession is not a huge problem
for me. I plan on holding them right
through it. Now this is the view of the dip
finder. This is a tool available to all
Patron members. That shows all of my companies
on the passive income account and whether or not they're
really doing well trading upwards or whether or not
they're selling off. Right now, the left hand of
these, the companies like, Target tiro price Nike and JP
Morgan are way below their Day moving average.
Meaning, these ones are still in a technical dip, their trading
downwards. The ones on the right side here,
Vici Canadian Pacific, Texas Roadhouse and apple.
They're all trading upwards VG, doing the best by far.
So we have a bit of a split here.
It's no longer every single company in my portfolios and a
dip. Now it's split around 50%.
So I'm trying to put more emphasis into buying the ones
that are currently in a big dip Nikes in a dip and Church &
Dwight is in a dip and I've been buying those two companies.
I have not Buying anymore Vici or Canadian Pacific.
They've just had too much momentum, carrying them up and I
want to wait until they get to a lower price.
Now like you've seen before I've been tracking this Q2 earning
season and how am I companies do?
And I've been comparing it to The Benchmark of the S&P 500.
What I tracked here is a revenue, the earnings per share
and the forecast they gave and overall, I've been very
satisfied with the results. I have every single company top
to bottom, my most heavy weighted company to lowest
waited. And then I added that up whether
or not they beat their earnings per share projection.
Then I compare that against the average of the S&P 500 right now
around. 77% of my invested Capital has beat their earnings
per share projection and that's compared to around 62% of the
S&P 500. Anytime we're doing above
average, I think that's a good thing.
And the companies that I'm invested in our very strong
companies, I want invest in companies that continually beat
their expectation and grow their earnings year-over-year.
Now, one of the problems with my portfolio that really dragged
hours The overall result was Microsoft.
I'm heavily overweighted in Microsoft with a 13.4% waiting.
And they missed, they missed both their revenue and their
earnings per share. This is incredibly rare and I
don't expect Microsoft to have a repeat in the near future to
give you an idea of how rare this is.
This is a historical look at their earnings per share
surprise. The last time that Microsoft
missed their earnings per share like they just did was back in
2014. That was literally the last time
they've missed their earnings. So I think that Microsoft more
than likely won't have another repeat of this.
I think they'll continually beat their earnings per share and
I've decided I'll do the exact same thing for Q3 as well.
I'll look at all of my companies, I'll keep track of
which ones Miss and beat and how it Compares against the S&P 500.
And I'll keep a history of this as well.
I won't delete this. So I'll see how my companies do
over time. Tracking them quarter by
quarter, I think it's very interesting to look at now.
Moving on for my portfolio, I have to talk about movie pass
because they're making a comeback.
They even have this hype building countdown ticker where
they say, they have two days and 18, hours until the movie Past
Beta app is accessible by invite only very prestigious.
You got to have invite only to get part of this and it makes
sense. The last movie pass sap was such
a good value, that basically nothing else competed against it
and just to go over the business model of movie pass, what it was
historically. At least, I think there's nobody
that explains it better than Gus Johnson.
Listen, Gus Johnson is a YouTuber.
I'll leave the video link in the description below.
Here's a video. He did a couple years ago that I
really think accurately portrays the movie Past business model.
Hi. I'm Jonathan movie, founder and
CEO of movie pass a humble little app where you can pay $20
a month and watch as many movies as you want.
So, go download our little app and get out there.
Just go ahead and go have fun with it, man.
Go nuts with it. Hey guys, Johnathan movie
checking in again. On turns out, a lot of people
signed up for a movie pass like a, like a whole bunch of people
sign up for Movie Pass which is fine, which is good, that's
really good. We, that's what we want to see,
but maybe just between you and me.
Maybe if you guys could stop telling your friends and family
about movie Past would be really helpful again.
No need to panic. Everything's fine.
You can still keep seeing some movies.
Maybe don't go see every movie. You have to see every movie
every day, okay? But just, maybe cool your jets a
little bit, that'd be really great.
If you can stop soon. So many God, there's so many
movies. So thank you guys.
Just keep it up that control it though he's acting.
But his portrayal of this is correct movie Past started as a
small app and it was this thing that you could pay $20 a month
and see unlimited amount of movies.
Literally, any movie you wanted any time of the day and while it
did start off as a small experiment, this movie Pass App,
grew very quickly. Within two days.
Subscriptions went from 20,000 to 100,000.
That was in. Two days in less than a year
movie Past had over three million subscribers.
And remember that, at this time, they had no profitable business
model, every single subscriber cost, the company money, you
could sign up for a movie, pass for $20, a month and see $100
worth of movies, taking money directly from the investors and
this continued on. Hey guys, Johnathan movie
checking in frankly kind of pissed.
I told you guys to chill last time.
Maybe stop telling friends and family.
Turns out people just keep sign up for the service like movies.
Grow on trees and maybe just stop signing up for the app.
Okay? Stop it.
Go get a DVD or something. Just, maybe stop just, maybe
just stop. Could you do that?
Because you did for two seconds, you'll see every movie, every
night, okay, Jonathan movie, check it out, long story, short
movie, Past grew too fast, too big.
With no way to monetize their subscribers and with them being
a money-losing company. They blew through hundreds of
millions of dollars in a matter of months, the company was
eventually sued and filed for bankruptcy.
The and Mark Wahlberg's nonfiction production companies
making a documentary on this story but that leaves us to
where we're at now, movie passes back and it's going to be
opening in beta. Invite only in two days.
Now, it seems like they've learned their lesson this time.
They say the prices are going to vary between 10 20 or $30 a
month. Each subscription option will
give the user a number of credits to use each month to see
the movies. There won't be an unlimited
option during the beta version, they've learned their lesson
with that unlimited option. If you give someone the ability
to see any movie Any Time for free, most people are going to
go and see every single movie that comes out.
There's literally no downside. If you have the time you could
go to any movie, you want. So they completely took away
that option. Now also change the color of the
debit card for whatever that's worth.
It's a MasterCard that's all black that has a new movie Past
logo so you can Flash that when you go to the movies.
Now overall this is another thing being created that
probably doesn't need to exist because the major movie Chains
virtually all of them have already caught on The whole
subscription idea. We have AMC, Theaters having
there a list, C up to three movies every week Cinemark, did
the same thing, they call it, this Cinemark Movie Club, you
subscribe, you pay a little bit every month.
You get one free ticket 20% off of snacks.
You can avoid all the online fees.
When you reserve a movie ahead of time, it has all the basic
perks rolled into their membership.
So while movie passes making a comeback, unfortunately, I think
there's slim chance that it will ever be as big or notable as the
first iteration. Now we I also have some big news
that the house of dragon Premiere was so popular with
millions of viewers that it actually crashed.
A lot of the app, it had technical difficulties because
of how big this Premiere was. Now.
Before we jump into that story, I have to do a quick shout-out
for today's sponsor of this video.
It's FTX us and they are known as a crypto currency exchange.
I don't really do much with crypto it's not really that big
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If you're in the u.s. you can sign up for this.
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me. I have Adobe and Amazon.
These are my only two Holdings. It's still a small account at
three thousand dollars invested, but I'm in the green by $321
which is a return of almost. 8% which I think is good given the
time I started this account. So so far it's going well I'll
let you know, any changes I'm making to this portfolio but you
can sign up. Now, using one of the links in
the pink comment below. Now, the next piece of news is
House of dragon, just premiered last night.
It was Sunday evening. And apparently, it was such a
good Premier. There's so many millions of
people watching it that it actually had trouble streaming
specifically on the Fire TV devices.
Now, I don't think this is any conspiracy theory for Amazon to
try to punish their competition. They are competing with House of
dragon, with their new series, Lord of the Rings.
But Amazon does want people to enjoy using their devices and I
really doubt that harm people's viewing of a competitive
service. Now, my opinion when a series is
so popular that it crashes during the premiere, I look at
that as a good thing. I don't really see this as a
negative but investors in Warner Brother Discovery.
Don't seem to feel the same way today.
It's selling off with the rest of the market.
In fact, it's down five point three, nine percent.
I think this is most likely unrelated, but it's interesting
to see See that even during the premiere of such a key series or
the streaming service, it's still down five percent the
following day. Now, having said that I haven't
been very bullish on this company, I've been criticized
about my view and my reaction to their last earnings.
People said that it was too short-sighted and I have to give
the company more time. That is true, maybe they can
improve things in the upcoming years, but as of right now, I
see this company at risk of being a value trap.
They have a staggering amount of debt, 51 billion.
Dollars of debt is a lot. And will take years and years to
get down to a normal level. They also have, in my opinion, a
very unclear path of how to monetize their service.
And in my opinion, it's more risk in the most companies for
being a value trap. So we'll see how Warner Brothers
Discovery does in the future and I'll keep track of their future
earnings report, but my guess is this new show the house of
dragon is going to attract a lot of incremental subscriber
growth. Now, moving on, we have to get
to the expert advice, on Tick Tock, this is where we really
get down to life-changing advice that it's Call, and we can
implement the last tick. Tock advice, we went over was
how to have a productive day and I thought that one was so
useful. We'd do it again.
This man here tells us how to be financially set in just 10
years. I to properties a year every
year for the next ten years. Ten years from now.
You'll have 20 properties. You'll be set free for Life.
The advice is really that simple.
All you do is you buy two properties, a year every year,
for the next 10 years, and then 10 years from now, you'll have
20 properties and you're set for life.
Life. How could this get any simpler?
So let's look at implementing this advice.
We can assume that one property will cost us five hundred
thousand dollars and we can get a loan from the bank.
All they require as an investor is for you to have 20% to put
down, which 20% of 500,000 is around, a hundred thousand
dollars. Now to buy two of them, you'll
need to save two hundred thousand dollars.
So all you really have to do is to save two hundred thousand
dollars per year and invest it. And you should be set in ten
years. So it's really Just that simple
save up a couple hundred thousand dollars a year, post
tax invested in the real estate and in 10 years time, you'll be
set. Now that's all for this episode.
I'll see you in the next one.