Alrighty, welcome back. Finally, had time to record a
video for today, so it's not go away have some time to record a
video and I wanted to do one that covers a few different
things. First of all, I created some
social media created a email address specifically for this
YouTube channel, as well as a Twitter handle.
Specifically for this Channel and the reasons why I'm going to
be gone most of next week. So I won't have a video out
midweek, like, I typically have. And I was thinking, man, I wish
there was a way that if nothing comes up and I'm not able to
record a video. I could like tweet it out to
everyone and let them know. And YouTube doesn't really have
a good way of doing this. Especially if you have a low
amount of subscribers. Like I do, you can't even use
the community features to launch questions and things in your
YouTube stream. So I'm going to throw up the
Twitter and the Gmail there. The Gmail.
You can use that to ask me different questions that are
more long form. That you don't really want to
have public in the YouTube comments or whatever you can.
Tell me for any reason, they're the Twitter as well.
You can follow me there. I don't plan on doing way too
many tweets. It's mostly going to be just
about this YouTube channel, anything that I find relevant to
it. So any announcements are changes
to it or anything like that. If you're interested in
following it there, other than that, I wanted to go over a few
different things in this video. So the first thing I wanted to
do was give you an update. I just a short update for what's
happened this week. I know I had a video out last
Wednesday, so I'll just be talking about what's happening
between then and then I wanted to To go over the title of this
video. Why dividend growth investing
now. This is what I want to cover.
A lot of the reasons that I choose dividend growth investing
over traditional investing, which traditional, I believe is
just growth investing. So I'm going to go over that and
talk about that. And then the last thing is, I
wanted to go over the Spotify and apple debacle that's going
on right now. So if you haven't heard Spotify
launched a big complaint against Apple of what They believe are
unfair business practices that are making it so that they can't
compete with apple. And they launched that
complained to European Regulators in hopes that Europe
will help Spotify out. And I'm going to be talking
about that just giving my opinion on it.
And yeah. So first thing I wanted to do
the update, so I'll go ahead and do that now.
So, if I go and the week view here, Rep $567 1.83 percent.
That's a little bit lower than S&P 500 but this portfolio again
is I think considerably less risky 20% of it is in treasury
bonds so it's quite a bit less risk but if we look at earn
dividends in my last video on Wednesday it was at like three
dollars. Now it's at $29 so pretty.
Good amount of dividends earned their for a one-week period.
Then if I go to the one-month period, look at that earn
dividends still over 100 bucks. So So I'm happy to see that the
earn dividends right here for the one-month period is
constantly hovering over a hundred dollars.
So the more I can continually keep that above 100 bucks.
The more, my pay dividends are going to be over $100 when I go
to here. So I need to get this over the
hundred dollar, Mark, and continually grow.
This, this amount, this is a big indicator here.
So other than that, if I look at activity here, we had right
here, some of these dividend payments were paid on.
A but it was only like nine dollars.
Then what happened was a few more companies paid Thursday,
and Friday and it bumped it up to Fifteen dollars and forty one
cents, which made it go and do the trading algorithm and that
purchased Boeing and a few treasury ETFs, which is pretty
cool to see because I didn't do anything with this.
There's no interaction from me. This is just my portfolio paying
me money. And then that money being used
to purchase underweight Securities, which Boeing became
underweight one. It dropped.
Fifteen percent this week this week so that's, you know, it's a
little amount of money, but I still think it's awesome to see
this cycle happen over and over constantly, especially without
me having to do anything for it to happen.
And I prefer this way where this money can be allocated to
different companies, more than I prefer a traditional drip system
where it has to be reinvested into the same Holdings of pay
it. So I really like the way that
this works to keep your portfolio in Balance, but that's
pretty much it for this week. I wanted to jump in to the
bigger. Jacked.
And that is traditional investing, which is the most
popular style of investing, which is putting your money into
passive index, funds verse dividend growth.
Investing to preface this. Here's a huge preface, big
disclaimer if you're doing investing at all, you're way
ahead of most people, so don't get too strung up on the
details. What I'm doing is just giving
you my opinion of why, I'm choosing a dividend portfolio,
that is a dividend growth portfolio, specifically over the
passive Index Fund. Because if you go most places
online, all you're going to be hearing is one side.
You're going to be hearing the opinion that passive index
investing is the only way to invest and there's really no
other realistic way to do it, which I don't agree with.
So I'm going to just be giving you my opinion.
So to just take a step back, I wanted to go over and just do a
quick recap of each type of investing.
So you know what? I'm actually comparing first
traditional growth investing and I'm going to call it traditional
growth, because when I say dividend growth that can Get
confusing. So I'm instead of just calling
it growth investing, I'm going to call it traditional growth,
so traditional growth, investing is a type of investing that
focuses on capital appreciation. Capital appreciation is when the
share price of a company increases so you go to any
company. I can take, I'll take Netflix.
They have their market cap and with capital appreciation with
growth investing, you're looking to buy it at this market cap and
hope that that increases right that is the goal of traditional
growth investing and it has this has been the most popular type
of investing for at least the past decade.
So, since the recession most people have been putting their
money in index, funds, and watching that grow, and it's
done very well. This type of investing is done
very well. The only concern I have about it
is that we haven't really seen how this amount of massive
amounts of money. And index funds will perform in
a bear Market or in another recession because it's largely
been done post the 2009 recession.
Now compare this type of investing where you look for
capital appreciation to Dividend growth.
Dividend growth is different because instead of looking at
the, the price of the share, you're looking at the payment of
the dividend. So the growth in Dividend growth
investing, let me give dominion energy.
This is one that I just highlighted as one of my three
conviction picks I guess was that name of it.
But Dominion Energy has has a long-standing dividend history
so this is our total dividend history since what they started
paying them and you can see this is the dividend growth different
than capital appreciation. If I go over here This is their
capital appreciation, right? All over the place.
Sometimes it dips down like it did in during the recession.
Dips down. Right here, dips down.
Right here. Capital appreciation.
This is what you'd be looking for with that dividend growth.
This is what you'd be looking for right here.
Now, that is the primary differences.
Essentially the goal with traditional growth is looking
for capital appreciation. The goal with dividend growth is
looking for an Ever growing. Income stream.
This is income right here. You can see that it's growing.
That's what you look for. In all of your Holdings.
You want to buy Holdings that they continue to grow your
income stream. So huge differences there.
Now, once you say, if you ever say that you're doing focusing
on dividends or doing dividend growth investing, you're going
to hear a lot of the same things you're going to hear that.
You should only focus on total return, nothing else really
matters. Beyond that dividends aren't
tax-efficient, you know, it's basic index.
Investing Thing, you know, dividend investing, they can
come, they can cut their dividends, right?
You'll hear that stock prices lowered when a dividends paid.
So, what's even the point of it and you're missing out on great
growth companies, when you only focus on giving one's right?
So that is what you're going to be hearing over and over again.
I'm going to instead of go through line by line and address
all of those. What I want to do is just point
out the reasons I like dividend growth and and I just think that
they, for me, they have a bigger weight.
They the reasons that I like dividend growth outweigh, all
those little objections. So the first one is cash flow.
Passive income is the name of the game.
It's a literally, the title of my portfolio.
What I'm building this portfolio, centered around is
creating a never grown. Extreme of passive income.
And why is income important? I believe it's extremely
important. I don't like, buying something
that doesn't provide income because I believe it's similar
to just like, buying gold, it's like buying buying something
that can go up in value. But in the meantime, it's not
doing much for you and then when it does go up in value to get
anything from it, you have to start chipping away little
pieces of that gold and selling it.
And that's what I believe it's similar to.
When you're investing in index funds, they do pay summon, they
do, pay some income. But very, very little basically
what you're looking for is a thing that you're buying.
Now to, hopefully be worth more later.
I do not prefer that at all compared to having a constant
and ever-growing stream of income.
So, take a look at this graph. When I look at this, this is the
most important thing to me every single month that my passive
income goes up. It's less that I'm dependent on
my active income. It means more freedom.
It means more. It means less dependency on.
Living in the rat race. Now, I can look at this and I
can start averaging these out. Like I have quarterly here when
I look and say and, you know, on a three-month basis, I'm earning
this much. I can actually literally start
to say, Hey, My My Portfolio is generating enough income.
Now, the I don't I can have my Comcast bill covered for the
rest of my life. That's less dependency on me,
having to pay for that. Then it gets to the point where
I can say, hey, my utilities can be covered for the rest of my
life. I want to get to the point where
all of my basic necessities Are completely covered for the rest
of my life. And I can do that through
passive income. If you're investing in just
index funds, your you don't have any kind of indicator for that.
It's very difficult to tell how much you're actually.
How much progress you're actually making becoming less
dependent on your primary income.
So passive income is extremely important to me.
I like the compounding aspect of it, I like the idea of having an
ever-growing stream of income that's different from what I'm
constantly working. Or during the day, there's
mathematical reasons, there's psychological reasons.
There's a lot of different reasons, I prefer cash flow
over. I do the more speculative way of
investing where you just hope that something increases in
value, later down the road. So cash flow is a reason number
one that I prefer my dividend growth portfolio.
Over a basic index investing strategy, a basic traditional
growth investing strategy. The second reason is the
Simplicity of the framework again.
A lot of this is psychological. So even if you're arguing for
Total return argument, people are emotional.
And if you can invest in a way that helps you keep your
emotions bridled so that you make better decisions that is a
good way to invest the Simplicity of a dividend growth.
Investing framework helps me keep my emotions out of it and
keep keeps logic. And a planned strategy is what's
in control. So if I look at all my
companies, I have specific logical reasons for buying them
and I have specific rules for selling them.
The reasons that I buy them is if they have long dividend
growth histories can look at that right here for a Dominion
history. Long dividend growth histories.
If they have a good starting yield, does it have to be great.
But a decent starting yield, if their companies have products
that are going to be relevant in 5 to 10 years, that's the actual
quantitative or qualitative research, you have to do on it.
And so there's a Couple of different aspects.
I look at when buying them, which is all pretty simple.
It's basically all about the dividend and then, you look at
some other things that make sure that it is not ruled out for
other reasons, the reasons that you sell them are even more
simple. You sell companies if they cut
or slash their dividend that's it.
That's when you sell a company. So the Simplicity of this
framework makes it so that you can easily create a pretty
decent portfolio. But more importantly you can
keep your head on straight. When the markets going nuts
because you can actually have a good indicator of which
companies are actually struggling or not.
If you look at the S&P 500, there was a time when many
companies were struggling in many worked.
But people sold all of them because they couldn't, they had
no way to differentiate between which ones are actually
struggling. Or not.
And that's when emotions come into play.
They sold companies like a Visa. That weren't even struggling
during 09, but they sold them just out of concerns.
If you're investing in capital appreciation, you don't have the
same framework of that, of mind, the research on reading, 10ks,
on reading, all these income reports on doing all this due,
diligence on every single stock that you're buying and the Ever
Changing market conditions is extremely tiring.
It's extremely complex. I love the simplicity.
Of this portfolio. And the, what the indicators
that I look, I believe are far more simple.
And simple things are easier to wrap your head around and they
make it so that I believe you'll and be a less emotional investor
in the market, which I think is a good thing.
The last reason that I'll highlight is predictability.
Now this top number of market gains is totally unpredictable,
I put my money in and we could have had a recession, right?
We could have had some War with another country or something
gone really bad and this number instead of being plus 2500 could
be - 2500 I have no idea what I do know is if the companies are
doing okay this number below is always going to go up.
The earn dividends will continually go up and it will go
up at an accelerated rate. That is what I like about it.
This this predictability of it. Capital appreciation, in my mind
is far less predictable than dividend income.
It encompasses is an as a actual thing that you can look at.
And in my mind it's far more far more predictable.
Let's take an example of that, what looks more predictable to
you, this graph. Or this one right below.
This one still has a pretty good, so it's followed this
graph which is exactly what it should do.
If your Dividends are constantly going up, that yields constantly
going to go up which people buy which brings a yield back down,
so on and so forth. So as this graph goes up this
one should follow but you can see there's times where this one
has been just predictable as can be just no problems right here.
Look at this right through 2009, not a single issue just as
predictable and steady is could be where this one went down.
If Cut off this last half of the graph right here from 2009
onwards you would say, wow, this really isn't all that
predictable. Why don't know which way it's
going to go? It could go up or down.
If you looked at this graph, you would say there's no point in
this, where it was unpredictable.
I love the predictability of a dividend growth investing
strategy. I think it, I think it makes it
much easier for you to wrap your head around, what's going to
happen in the future and all of these things combined, I think
make for an easier portfolio for me to maintain for me to
actually make money with with and for me to stay cool on the
market turns bad and it's eventually going to turn bad.
It's not going to go up like this forever like it has for the
past 10 years. So to summarize we have the
three reasons why, first of all cash flow, which is actual
passive income index, investing is not passive income.
It's passive investing but there's no income part of it.
I like the income part of it. The second reason, why is the
Simplicity of the framework knowing exactly what I'm going
to buy a company, exactly what I'm going to sell it.
Very People easy, indicators to wrap your head around and then
the third reason is the predictability of it.
I have I have charts that bring me some kind of predictability
with it. I can see actual trends that I
can follow and I can see actual dividend histories that I can
follow. So those are three of my biggest
reasons why I prefer this over index investing.
I know the index investing is very popular, I'm not bashing on
that strategy. People will have just just like
I have these reasons why I prefer a dividend growth.
Buddy has their reasons why they prefer their strategy.
So I'm sure the people that prefer index investing they have
all of their reasons as well. So, I'm not seeing that, they're
bad. And like I said, the preface
this. Not, it's not like if you're
doing one of these over the other, that one is necessarily
better than the other. I think what One's best?
It's, which one is going to make you.
Keep your cool and keep invested and follow the rules that you
laid out before, that's going to be the best strategy for you.
So if that's passive index investing, then go ahead.
Do that strategy if its dividend income investing then, then go
ahead and do that strategy. Now, moving on from that, I
wanted to go over and address some of the news that happened
this week. So, well, let me go to first of
all, let me go to spotify's complaint.
Here they have this like for the record, for the record page here
and then there's the CEO of Spotify.
So before I'll say that I'm a, I'm American.
So I'm coming at this, from an American perspective, I know
Spotify as a Swedish. Company.
So having that said it might have some innate bias is here,
but I wanted to give my opinion on this.
I read through both his complaint and apples and I think
this ties in a lot to what Elizabeth Warren was trying to
do and one of the major points. I said that, I that I don't like
about what Elizabeth Warren is trying to do by making it.
So that a company that creates a platform can't be a participant
in that platform. I think a huge problem with that
is that it is going to hamper our Companies, tremendously
because some of the companies that have created that platform
are amazing companies with some of our smartest people.
So them not being able to even participate on it is like
preventing our brightest and smartest people from creating
other services. And I don't think that's a good
thing. And I said that I think it would
make it harder for us to compete with other people like Europe
like India and China. So I don't like the idea of
hampering our own companies. Now the CEO Daniel hair, the CEO
of Spotify. See Seems to agree with
Elizabeth Warren and this is exactly the type of thing that I
was highlighting. Other places are going to use
this type of regulations to try to inhibit our ability to
compete. So if you look at their
complaint, it's pretty simple. They say first apps should be
able to compete fairly on their merits and not based on who owns
the App Store. We should all be subject to the
same, a set of rules and restrictions including Apple
music. Second consumers should have a
real choice of payment systems and not be locked in or forced
to use systems. As with discrimination,
discriminatory terrorists, such as Apple's finally.
App stores should not be allowed to control the communications
between services and users, including placing unfair
restrictions on marketing promotions that benefit
customers. So obviously he goes into more
detail on this but it's the same basic idea that Apple since they
own the App Store, they shouldn't be able to really
write any rules. They want for the App Store,
he's not trying to just say that they can't be a participant, but
he's wanting to literally write the rules of Apple's App Store.
Saying we want to communicate with your customers, your your
customer base your iPhone, users how we want to communicate with
them, we want to be able to use whatever Payment Solutions we
want. Not yours.
That you've tested and vetted and said that's approved for
this platform, we want to use our own alternative payment
solution. So, those are rule changes to
Apple's own app store. I don't agree with that at all
at the reason app, the app store is so popular.
And the reason honestly, the reason that a lot of people buy
iPhones is because of how well Apple has controlled and vetted
the apps that get onto their App Store.
So I work a lot with technology now.
I've pushed apps to the App Store hundreds of times I had
One app, just get denied three times this week because of tiny
little things. The Apple that broke some kind
of rule of Apple. They're extremely thorough in
their vetting process. If of what goes on the app store
that's a huge pain for developers and Spotify has even
complained about that saying that Apple has like
intentionally delayed their app. I don't buy that at all.
I've had my app. I have had apps that I've
created get delayed so many times and I'm completely, you
know, nothing compared to Spotify.
Why? So the company I work for in the
apps that we push are nothing compared to Spotify.
So they they are slow and deliberate and thorough with
every single app that goes on that app store on in contrast,
if you look at Google's App Store, I can push things too
that all day long. It's I don't think I've ever had
an app denied from it literally ever.
So anyway, I think that a lot of this, the idea of changing the
having being able to, legislate and say, apple, you can't run
your app store the way that you want it.
Terrible thing to do the quality of their app store is part of
the reason why people buy into the iPhone ecosystem, they don't
want to deal with faulty apps. They don't want to deal with
spammy Communications. They buy into the app store
because they like the way the Apple vets the apps.
So, I think, I think it's part of the whole value of Apple is
the way that they've had their App Store.
So I don't like this complaint to begin with apple went through
and addressed a lot of the complaints they have.
So so Apple requires a I defy and other Digital Services pay a
30 percent tax on purchases, made three apples payment
system. It's more of just a fee.
I mean, they charge 30 percent because you're benefiting from
using their App Store. So this is kind of, I think it's
kind of ridiculous to me if you really go through and look at
all of spotify's complaints from my perspective, they're pretty
much saying that they want to have access to Apple's App
Store. That Apple has spent billions of
dollars investing And creating over the decades that I put
tremendous effort and validating and mating making.
It, I believe is literally the highest quality App Store
anywhere in existence and they want to have access to the
distribution. The validation all of that from
Apple and they don't want to have to pay the 30 percent fee.
That Apple charges to do it through digital goods and then
when Apple says, well you don't have to pay that fee.
You can have people sign up on your website and they can still
use the app and it's just dust login.
I actually looked at this and that's exactly what Netflix is
doing. They're having people sign up on
their website and then there are logging in and I actually went
ahead and I downloaded the Netflix app just to ensure this
because their complaint seems very similar to the process of
what Netflix is doing and Netflix is a direct competitor
with apple. Apple's coming out with a
streaming service, so Netflix is fine.
Working with the rules. Apple has laid out, Spotify
wants to change the rules to Apple is laid out.
They don't want to pay the 30 percent fee and when Apple says,
well, there's another way to do it.
They don't want to do that either.
They want to be able to allow for people to sign up using
Apple's platform in their store and not have to pay Apple a dime
to do it. And I think that that is is a
pretty a pretty ridiculous thing to ask now.
Apple issued their own response and it was pretty fiery.
I mean Apple is is usually tempered as a company even when
they have things kind of blow up or things happen or large
criticisms to them, they always issued this kind of this very
corporate response. This one was not not like that.
So one of the complaints that Spotify brought up was that
their laws are anti-competitive and harmful to other businesses.
Right there. Keeping the small guy down
apples using their big platform to keep the small dot guy down
in this paragraph. Apple illustrates their counter
are good argument to that 11 years ago.
Apple Store The same passionate for creativity to mobile apps.
In the decade since the app store has helped create many
millions of jobs generated more than 120 billion for developers
and created new Industries through businesses started and
grown entirely in the App Store ecosystem.
So, it's hard to argue that they're a job killer when they
can cite all these sources of how many hundreds of millions of
dollars or hundreds of millions of jobs have been created and
people work entirely based off of their store and No 120
billion dollars for developers have been paid out so far, so
that's Apple addressing that at its core.
The App Store is safe secure platform where users can have
faith in the apps, they discover, and transactions.
They make? I think this is absolutely key.
So, that's this is the biggest problem I have with what
spotify's asking Spotify saying, you can't be restrictive with
your platform apples. All about restriction, that's
openly what they do. They restrict they restrict
everything that they do because When they have control over it,
they can control the quality of it.
So a lot of people find that frustrating and they go to
Google products, which is totally fine.
But a lot of people are just the opposite and they like saying
I'd rather have apple restrict all of this restrict all these
third-party developers so they can't do weird things with my
phone. But instead they can only
develop apps in the way that Apple wants them to interact
with your phone. So this is the biggest thing is
Apple's reputation, is based off of making their store secure and
safe. And if you go and Erase all the
rules that can do that. I don't believe that they'll be
able to continue doing that. They say, that's how it should
be. We want more businesses to
thrive including ones that compete with some aspects of our
business because they drive us to do better.
Right? What Spotify is demanding is
something very different after using the app store for years to
dramatically grow their business, sot Spotify seeks to
keep all the benefits of the App Store ecosystem, including
substantial Revenue that they draw from the app store's
customers without making any contributions to the To place at
the same time they distribute they distribute music.
You love while making ever-smaller Confucian
contributions to the artists musicians and songwriters who
created even going so far as to take these creators to court.
So apples thrown out some shade there.
They pretty much said that Spotify has come put their app
onto their App Store, apples and distributed using Apple's entire
Marketplace. There they're huge, networks of
hundreds of millions of customers and And Spotify has
been a huge beneficiary of that and they don't want to pay a
dime for it, which is true, then applicants so far to bring out
the criticism their own of how spotify's running your business
saying that they're underpaying songwriters and they're going so
far to take these creators to court, which I can see.
Some people are saying that that's not really relevant at
all. I think it is pretty relevant
because spotify's in the same situation that they're arguing
against, they run their own platform a music platform that
artists have to get onto if Want their music distributed to a
huge portion of consumers and Spotify does everything they can
to pay those artists as low as possible, right?
And Spotify, has their own rules, and Spotify has her own
things, that compete with those artists.
So, they're in this weird situation where they're asking
for things that they can bring up criticisms against himself.
So they go on and say Spotify can determine their own business
model but they left out all these different things.
And apple pretty much lays out everything that they've done to
help Spotify. So as far Spotify part of the
claim was that like apples really, you know, they have it
out for us or against us, they're not helping us, Apple
points out. That they've helped him with
carplay helping with a chapel wop, watch app.
That's one of the number one, Apple watch music category.
They go on and they say, you know, Spotify seeing the apple
is being mean and charging. All these developers and all
these people tons of money and their app store.
Apple says, the 84% of the apps in the App Store.
Paid nothing to Apple when they're downloaded to use that.
Discrimination apps that are free to, you aren't charged by
Apple apps. To earn Revenue exclusively
through advertising. Like some of, your favorite.
Free games, aren't charged by Apple.
Apple business transit or app business transactions, where
users sign in up or purchase digital Goods.
Outside apps, aren't charged by Apple selling physical Goods,
including ride. Oh, this is one of the things
that Spotify also brought up. They said it was unfair that
they're getting charged, but Uber and GrubHub, and all these
different companies aren't getting charged.
And apple says selling physical Goods, including ride-hailing
and food delivery services to name a few aren't charged by
Apple. So the only thing the Apple
requires with digital goods and services purchased inside the
app, using the secure, in-app purchase system as Spotify
points out. That Revenue share is 30% for
the first year for the analyst with annual subscription but
they left out that it drops to 15 percent in the Years After
So, this again is how they charge every company.
So Apple has been doing this with Netflix and Netflix did the
same thing where they made it, so you can't sign up through iOS
devices. You have to sign up on their
website. They do it to Amazon and Amazon
makes it. So, when you buy Kindle books,
you have to do it online rather than, through there through
their App Store. So, apples, fine hosting this
platform but they're seeing, if you're going to do this, one
type of digital purchase on our platform, we want to cut of it
right? To be able to, that's the
investment. They created the platform and
they want it. Turn on their investment.
So they go on with it and and they describe their love for
music and all this type of thing.
Now, there's arguments on both sides, I can see from Spotify
how they believe that. It's unfair, I mean they have
this Behemoth of a competitor Apple that is deciding that
they're really wanting to get into streaming game.
Like Spotify has been doing, but Apple has, they have the
resources, they have the talent, they have an incredible amount
of money and in leverage and power.
And that's Got to be extremely intimidating for Spotify.
So when Spotify talks about having them having a competitive
Advantage Apple, certainly does, the difference that I agree with
is that that competitive Advantage is a legal illegal
thing to have companies have competitive advantages to each
other? It's not the government's role
to say this company has a competitive Advantage so we need
to get rid of that competitive Advantage every company tries.
That's what ammo is every company tries to create a Out.
So they have something that helps them compete in the
marketplace. If you look at Coca-Cola, try
competing against Coca-Cola. Good luck with that.
You could go to the government asked for help with that.
But Coca-Cola has contracts with like over half the major food.
Chains half that the restaurants exclusive contracts.
You can only sell their drinks in them with movie Chains and
with everything else to can they try their hardest to make it so
nobody can get into that industry.
Nothing about that is illegal. That's just that's just
business. That how?
That's how it works. X, and regardless of this type
of thing happening forever, other companies have been able
to compete. So even with these big temp,
these big American tech companies.
There have been companies. Like I said, the lifespan is
shorter than most people think and there have been new
companies coming up. Coming up.
I think it would be a very sad thing to make it.
So the Apple cannot compete with music because they own the app
store or that they have to choose between the two.
Apple was the inventor of the iPod, they've literally been
music and Is yes for four decades.
So saying this company, the obviously has an interest in
music and had an interest in music even before Spotify that
they can't get in the streaming game or they can't advertise it
because they would be a participant in their own
Marketplace. I think would be a very, very
sad thing. So I'm hoping the EU Regulators
don't don't, don't just say apple, you can't sell your own
music on it or you have to give Spotify this exemption where
they don't pay a fee. Spotify has been doing just
Define. I think Apple will take a lot of
customers, but that's going to happen regardless of what they
do. So anyway, I want to hear your
guys thoughts on that. I think this all ties back into
what Elizabeth Warren is doing. It's a, that's a tricky
situation. There's opinions on both sides.
I definitely think the Apple should be able to compete and
create their own music service and it should be judged on their
merits. So, as far as I can tell,
they're not doing anything to specifically damage Spotify,
they're just treating modify with the same rules that they
treat everybody else. So anyway, well, I'll leave you
guys with that. I hope you guys have a good
weekend. Remember to follow me on the
Twitter, subscribe to me on YouTube and I'll let you guys
know what's going on. I'll see you guys later.