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Today was one of those days 
where I woke up. 

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I checked the market, and I 
wanted to just go back to bed. 

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That was my reaction. 
After seeing the market this 

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morning, it started off bad. 
We had ourselves in the red, 

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right? 
From the get-go and then it only

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got worse throughout the day. 
We ended up with the Dow Jones 

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down 3.12 percent. 
That's the Dow Jones. 

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These are the old Boomer stocks.
These are the ones that are 

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supposed to stay pretty flat and
not be volatile and they're 

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trading down. 3% in a day we 
have the S&P 500 down 3.5%, 

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Five, six percent. 
So even the oil trade and the 

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consumer defensives aren't 
holding up today. 

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And then we have the NASDAQ, 
which is basically trading like 

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penny stocks, even though this 
index contains the most 

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profitable, most powerful 
companies in the world. 

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And it's down 5% had a 4.99 to 
be exact. 

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This was one of the worst days 
in the market in my recent 

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memory. 
In fact, I have to go back to 

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2020 during the pandemic to 
recall a day that was worse than

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this. 
Now, if we look at my portfolio,

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Down to twenty eight thousand 
dollars in gains around, half of

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that is from dividends. 
So we're getting close to 

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entering back into the red. 
In fact, if we have more days 

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like today, where the entire 
Market just sells off left, 

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right and Center, I'll be 
entering back into the red. 

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Now if we look at the one day 
performance here, let's go ahead

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and check this out. 
We're down 4.25 percent and 

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we're down fourteen thousand, 
eight hundred dollars, fourteen 

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thousand eight hundred dollars 
in a day. 

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That's a lot of money for me. 
That's a that's a ton of money. 

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To see vanish in one day's time.
If we look at this on a 

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breakdown in my portfolio, the 
tech category which is Apple, 

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Microsoft is down, 5% apples 
down five point, five seven 

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percent, you don't see that that
often even Microsoft is down 

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four point three, six percent 
and the rest of big Tech is down

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more than Microsoft. 
So Google and Facebook are down 

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even more, the consumer 
categories down, 4.5, 3%. 

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We just have everything across 
the board Costco, Disney Home 

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Depot, Nike Target, all down. 
The one that did the best was 

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targeted. 
Why did this one do the best? 

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We don't really know in the core
category, SC HD, held up. 

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The best s CH G the growth 
companies traded down the most 

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and BST traded down in between 
the restaurants, didn't really 

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fare any better. 
They're all down in the red. 

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Even Vici was down a bit. 
I guess it held up. 

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Okay, but this one still traded 
down and I guess the financials 

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did OK, JP Morgan traded down 
slightly less than the rest of 

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the market but that's it. 
That's a look at today's trading

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action in my portfolio. 
Literally every single stock I 

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uh Own was in the red and in the
red, by over two percent. 

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See the big problem with days. 
Like, today isn't just a single 

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isolated day of a sell-off. 
Even though this is a pretty 

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intense sell-off going down 4 
percent or 5 percent, or 3 

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percent in a single day, is 
pretty intense. 

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I think most of us, most of us 
have the mental fortitude and 

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the chops to be able to handle 
one isolated day of a large 

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sell-off. 
We've been used to this. 

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We've seen a lot of volatility 
over the past couple of years 

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but this is especially 
difficult. 

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The handle this type of cell off
with almost every single company

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in the market. 
After seven months of continual 

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capitulation pessimism and 
overall a bearish market since 

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November, the qqq's had a lot of
volatility like normal and 

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that's fine. 
Most of us are used to these 

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jarring ups and downs. 
The problem is we see days where

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it sells down a lot and then we 
get a ray of Hope and it spikes 

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back up and it seems like we 
might have a shot here. 

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We might enter back into a bull 
market, then the market sells 

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Down another 10 or 15 percent. 
Then we have a ray of hope, it 

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goes back up 7%, followed 
quickly by a sell-off. 

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We have the ups and downs of the
market, but mostly mostly the 

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stock market's going down. 
And even after having these nice

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little rallies, like we did 
mid-march of 16%, we quickly 

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have the following sell-off over
and over and over again. 

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In this is very mentally 
difficult to deal with having 

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seven months of a continual 
sell-off. 

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So having said that, I want to 
share a story with you, this is 

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the story of your pesky. 
That once you're home that's 

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right. 
In this story I think is highly 

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applicable to the market that 
were in. 

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So this is about a neighbor that
wants your home because you have

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a nice home you live in a nice 
neighborhood. 

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Your home is like a 4,000 square
foot home with a big front yard 

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and backyard. 
It has a beautiful view and it's

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on one of the nicest, Lots in 
the neighborhood. 

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Well you have a neighbor that 
really does want to upgrade his 

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home. 
He lives down the street, it's 

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not on As Nice of a lot as yours
and his home is a little bit 

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smaller so he wants to buy your 
home from you and upgrade his 

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home. 
And what he does is, last 

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November 20, 21. 
He comes to you and says, hey, I

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really like your house. 
I know that you probably like it

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as well. 
So I'm going to give you a 

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really good offer for it. 
This is probably more than your 

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home is actually worth and he 
offers you 750,000 dollars for 

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your home. 
That's a pretty dang good offer 

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because you're home according to
Zillow and according to most 

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Realtors is worth around 
700,000. 

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So he's offering around fifty 
thousand dollars for your home. 

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You think about this, you talked
with your Spouse and you say, 

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you know what, this neighbor 
once our home he's willing to 

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pay a little bit extra, but I 
don't want to move. 

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I really like our home, I really
like the view, I really like the

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neighborhood and the lot that 
we're in and I think we're lucky

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to be in it. 
So you refuse his offer and the 

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neighbor goes back home. 
He's disappointed and then to 

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your surprise just a month later
this Neighbor comes back and he 

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offers you 700,000 dollars for 
your home and your taken aback 

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by a little bit. 
You're thinking why would I 

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accept his offer now when it's 
Fifty thousand dollars, less 

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than what he offered me just a 
month ago. 

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So obviously without a doubt you
reject his offer. 

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Now the months go on, we get 
into February of 2022 and you 

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think that your neighbors done 
bothering you, but he comes back

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again and says, hey I'll buy 
your home but this time I'm 

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going to pay 600,000. 
That is the bid for your home. 

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That's what I want to pay for 
it. 

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And now you're almost bothered 
by your neighbor. 

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You're hoping that he'll go away
and stop giving you offers for 

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your home. 
You tell him that it's insulting

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that in November. 
I was offering seven hundred and

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fifty thousand dollars for your 
home now. 

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He's only offering 600,000. 
Right. 

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Why on Earth would you sell your
home for a hundred and fifty 

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thousand dollars less than what 
it was just a few months ago. 

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So, you tell your neighbor to 
take a hike and not to come back

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to your house to stop giving you
offers, but your neighbors very 

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persistent. 
He doesn't leave you alone and 

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come March of 2022. 
He leaves a note right on your 

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door, saying the offer for your 
home is now five hundred 

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thousand dollars. 
Now, obviously this is bizarre, 

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it's somewhat insulting, you're 
looking back on all the Offers 

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you've got your discussing it 
with your spouse sing in 

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November, he offered. 
Seven hundred fifty thousand 

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dollars from my home, then in 
December, he offered 700,000 

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then February 600,000 March 
500,000. 

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This is really weird. 
Why does he keep offering me 

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less money for my house? 
Nothing has changed. 

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My house is the exact same. 
Now, obviously you grab that 

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offer for 500,000, you angrily, 
throw it away in the trash, 

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you're disgusted and annoyed by 
the offer, you're annoyed by 

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your neighbor, but you're also 
thinking in the back of your 

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head, why is he offering me less
and less and less? 

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Every couple of months a lot 
less he offered me 750,000 

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dollars at one point. 
Now the offer is 500,000 and 

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you're becoming slightly 
concerned and the back of your 

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mind that maybe you should have 
accepted that first offer at 

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750,000 one month passes just 
one month and you find another 

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note on your door from the same 
neighbor. 

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This is May of 2022 and the 
offer this time is for 300,000. 

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That's what he's offering for 
your home in this time. 

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You're not angry Ari you're 
terrified, you talk to your 

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spouse and you say, you know 
what, I see the trend here, 

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we've gone from seven hundred 
fifty thousand dollars and it 

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was a huge mistake not to accept
that offer every single 

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subsequent offer has been less 
and less and less and it's 

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rapidly declining. 
Next month is probably going to 

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be two hundred thousand or a 
hundred thousand. 

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We have to take this offer right
now. 

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I know it was a mistake to not 
take it earlier but it would be 

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a bigger mistake. 
Not to take this off right now. 

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So you go to your neighbor and 
tell them. 

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Look, I don't want to be selling
my home. 300,000. 

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This is painful to do. 
I could have sold it for so much

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more, but because I think 
there's a good chance with the 

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way things are going. 
That it could go lower in value.

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I want to sell it right now and 
I'm going to take that offer for

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300,000. 
Now, I know what you're thinking

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when you're listening to this 
story, you're thinking the 

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neighbor took advantage of these
homeowners, right. 

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He kind of scared them into 
selling their home at an 

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incredibly low price but the 
neighbor didn't do anything 

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wrong. 
All he did was give them B you 

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give them offers. 
These people could have rejected

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all of these offers and just 
stayed in their home and from a 

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third party perspective, you're 
probably sitting here thinking 

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these people are dumb. 
Why would they sell their home 

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for three hundred thousand 
dollars, if that's not an offer 

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that they liked? 
And if they think that their 

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home is worth more, why don't 
they just hang on to their home 

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and sell it to another bidder? 
That's willing to pay more in 

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the future, right? 
If they think their home is 

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worth more than 300,000. 
Why would they sell it to this 

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annoying neighbor for 300,000? 
Well, the reason why is because 

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they're afraid In the future, he
might offer them less money. 

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That is the reason that they're 
selling. 

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And even though, when you're a 
third party, looking at a story 

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like this from the perspective 
of homeownership, the truth is, 

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most of us have a big problem 
with this. 

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If we think that the price might
continue to go down for an 

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asset, we own we get pressured 
into selling at prices, we don't

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think they're worth just like 
these homeowners in our 

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portfolios in the stock market, 
we have a neighbor that's more 

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annoying than this neighbor in 
the story because that Uber only

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gave a bid once a month, but our
neighbor in the stock market 

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gives bids every single day. 
Every single day, he's coming to

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our door. 
Leaving a note on the door and 

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giving us an offer, that's 
either higher or lower. 

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And the worst thing that you can
do is look at the neighbors 

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bids, go down, more and more, 
and more and feel pressure to 

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selling, because they might go 
further down in the future. 

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Let me just give you an example.
When I look at the bids that I'm

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getting, for my company's, I 
don't currently like the bids 

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that I'm getting. 
So I'm ignoring the neighbor. 

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Me these bids. 
I'm getting offers to sell my 

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Apple shares for 156, and I'm 
not going to budge and give my 

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shares to someone else for 156. 
They want my Apple shares. 

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They're gonna have to pay well 
over $200. 

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A share. 
That's at the point that I 

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consider accepting an offer but 
as of right now, this is the 

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pesky neighbor offering to buy 
my home for 300,000. 

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When I know it's worth 700 
thousand, we have Microsoft. 

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Is another example, I'm getting 
offers for my shares of 

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Microsoft for 277 to me. 
That's a joke. 

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I think that Microsoft should 
Could be worth in the range of 

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342 380. 
That's when I would start 

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looking at possibly accepting 
bids for Microsoft, but in the 

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range of below 300, I'm not even
going to look at him, I'm not 

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even going to consider selling 
them. 

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And I'm specially not going to 
consider selling Microsoft 

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because my pesky neighbor might 
offer me a lower offer in the 

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future. 
In the restaurant category, the 

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neighbor right now is giving me 
very poor offers for these 

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restaurants. 
He's offering me $77 for 

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Starbucks. 
I think that Starbucks is worth 

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00:10:58,500 --> 00:11:01,300
115. 
Not accept an offer from my 

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neighbor becomes by. 
An offers me 115. 

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I would accept the offer to day.
That would be a great offer, but

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at 77 I'm going to hold. 
And if he offers me less money 

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next week or next month, over 
the next six months, I'm going 

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to continue to hold because I 
have no reason to sell the 

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company right now. 
For Fears of it may be going 

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00:11:18,500 --> 00:11:20,500
lower right now. 
My neighbor's offering me seven 

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00:11:20,500 --> 00:11:23,200
eight dollars and forty one 
stents for Texas Roadhouse right

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00:11:23,200 --> 00:11:24,400
now. 
I think this company is worth 

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00:11:24,400 --> 00:11:28,500
above $100 a share. 
So, do I have any need to sell 

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00:11:28,500 --> 00:11:31,300
it right now? 
Of course not, I can just hold 

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00:11:31,300 --> 00:11:33,600
on to it. 
Have the company grow over time,

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00:11:33,600 --> 00:11:36,700
open up more locations, pay me, 
dividends create more free cash 

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00:11:36,700 --> 00:11:40,100
flow and I'm definitely not 
going to sell this company for 

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00:11:40,100 --> 00:11:42,800
fair that next month. 
The neighbor might offer me a 

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lower price and the same goes 
for Domino's and every other 

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company in my portfolio. 
So that's the story this time 

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don't be the dummy that sells 
your home for 300,000 because 

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00:11:53,200 --> 00:11:55,700
you might get a lower offer next
month. 

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00:11:55,700 --> 00:11:59,000
In some cases, the best decision
is just to hang on to your home 

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that's all for this time. 
Then, I'll see you in the next 

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00:12:00,700 --> 00:12:00,700
episode. 
Then, I'll see you in the next 

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00:12:00,700 --> 00:12:01,300
episode.