Transcript for:
Market Monday (June 24th Lecture)

All right, we back. Yes. We back again. Happy Monday to all. It is the 24th of June, last Monday of the month. Yes. Yeah. Y'all came back with a calmer demeanor after the fashion show. Is that it? How do you do it? And Betty gave my pal a shot. So that was us. That was us. Top of the top. Shut doors. I do. Shout out to everybody that was in France with us. We was in our cars. We was in Paris. Yes. We went to the Louis Vuitton fashion show. We went to ad weekend in cons and had a lot of, you know, good relationships that we, you know, kind of foster, foster, develop, develop, cultivate it. Yeah. Seen a lot of good people out there that we knew. A lot of people out there. Yeah. A lot of last two days. I was like, it was dope to see, to see us out there, especially represented in a, in something that's been taking place for over 70 years. Yeah. And so shout out to the inkwell team that has out there. Um, if you're in a space, man, there's definitely something that you should take advantage of. It was definitely worth the night working. So y'all walking next year in the Vito? Toby, what's up? For real, what's up? Shout out to Pusha T. We've seen him at our restaurant that we run into him every year in Paris. Shout out to Pusha. Shout out to Felicia. But making sure that that situation took place. For sure. Oh yeah, shout out to the Paris crew. um always y'all go to the little club we went to last year he has a fact that is a fact salute salute last year in the parish man ah man so much to talk about this episode We got a lot, a lot, a lot, a lot, a lot, a lot, a lot of going on. You know why they're here. Yeah, we're going to talk about the situation. But before that, before that, you know, just wanted to kind of go over some announcements. Yes. Shout out to everybody that took advantage of the sale last week. and our new members and Red Panda. So, Ian is going to be doing a brief orientation, I believe, on Thursday. Thursday or Wednesday? Wednesday. Wednesday at 8 o'clock Eastern Standard Time on Zoom. So, you'll get the link. Everybody that signed up, you'll get the link. So, you can kind of just have, you know, you know, just your questions answered as far as how to navigate site, stuff like that. You know, when the calls are, you know, basically what the prices are. Yeah, for sure. So, um, that's a good time for sure. And, um, we will actually be having for UIL university. We have a master's class on Thursday at eight o'clock, um, about the art of sales. So, um, that's very important. Something that, you know, I hold near and dear to my heart having a sales background. So if you're an entrepreneur in any, in any form or fashion, you need to know about sales. That's important. So we're going to talk about that on Thursday. Um, we got the episode coming out. tomorrow. Dope episode. Cam Kirk. He's killing the game right now. He's a celebrity photographer and somebody that's made a business for himself outside of photography. But really, really interesting brother how he took... you know uh self-taught he said he self-taught himself how to actually do photography and turned it into a into a media empire something that's very inspiring especially for all the content creators photographers videographers people like that but he's um talks about how you know he does billboard he did billboards to get lit in the city he got a lot of different great marketing strategy i mean he was there so his his story is like pivotal to the explosion of artists that happened in Atlanta during that time period. And he was capturing a lot of it. Yeah. So it was dope to hear his story, the background behind some of these, these artists and how they got to the point where they are. Cause it felt like Atlanta. I even now Atlanta is still a hotbed for artists. It was just like, there's this marketing plan. Where did they get it from? So he gives you some details on this though. Shout out to Ken Kerr. And then of course, like I said, we're going to be announcing the headliner for invest fast. Yeah. You know, we're going to let the beat build a little right now. anything that you would like to say yes uh shout out to everybody who joins stock club i love you dearly if i've made you money please put yes in chat orientation will be on wednesday the call um yesterday was amazing so the replay will be out by thursday um in the video that i'm doing for you guys so just trying to stack on value and bonuses um get your tickets to invest fest if you're a red panda to get a discount don't say i never looked out Shout to y'all. Shout to Louis Vuitton. Shout to the special guest that's going to be at InvestFest. Go time. Been working on a stage show. I'm excited. It's going to be one of these ones. And tune into Blackout this Wednesday. I'm sure everybody's been giving me calls about who are the babies. The bays. Yes. The bays. I'm trying to make them have a special appearance during our segment. Black Alive with Investor. We just have the voice. No name. I want the whole collection. The Dr. Girl collection. we'll black out the faces yeah like current affairs uh all right so you know how this works do your own research our content is intended to be used and must be used for informational purposes only it's very important to do your own analysis before making any investment based on your own personal circumstances you should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise this is a message brought to you by the good brothers at earning your leisure and a good brother Ian Dunlap, the master investor himself. Shout out to everybody that is in the Red Panda family. Shout out to the earners. Let's continue to do the research. Let's share the research. Let's build. Let's make some money. And let's keep going. Love is love. Okay. Let's talk about the U.S. national debt is approaching a record of $35 trillion. As citizens, is there anything we can do to address or fix this issue? I would say vote, but I don't even know if that would help to be very, because remember when we did Market Mondays Live in Ghana, we were almost at 34 trillion. It's not even a year later, a four year later, we're at 35. And I think we're starting to throw these trillions around like it's nothing. At some point, we're going to need to revolt and figure out a way. Shout out to the Tavio. And figure out a way. how to get this debt down. We'll talk about the silent or selective recession later, but when debt to GDP is 122%, but in 2000, when we graduated, Troy, it was at 57%. Like how the hell, like I remember at one time, I'm not Republican, but I remember when Republicans would. go crazy of debt to GDP was at 75%. And now everyone want to ask like 122% or we should be at 130 by 2028 is acceptable. Um, I can't believe that we're here. And if we stay at this pace, while did you see Kim Jong own and Putin look like they were on a date, how happy they was riding together. This is not good. This is not good. So I know some people call me an alarmist. It's okay. Go to usdebtclock.org and you can see how much we owe. But every citizen owes technically $103,000 to get the deficit back to zero. most people don't have 103,000 as we've talked about. So we got to get better leadership and hold them accountable. Is that, I feel like, is that the only answer? Because I was like wrestling with this question and I'm trying to figure out like, as a citizen, what can you do? And I didn't want to say, I'm not sure what we can do. Is that, I mean, that's nothing. Is this the only other answer? nothing we're gonna feel just like drake deal when he saw that not like us gang convention and then you can do you gotta sit there and watch it maybe like damn autumn don't like me like yo this is insane um of course stocks of course are going to do incredibly well we'll talk about how the s&p has been doing this year but for the debt to be this high while we built up india and built up china and sent money to another foreign country that i won't mention anymore is absolutely insane it's funny you mention those two because there was just a report I believe it was in Morningstar or it could have been in seeking alpha. But both those countries are on pace to pass us in GDP. I think China by 2030 is going to pass us. And then I think India is like 2037 or 2040. They'll both pass us. Yeah. I mean, that's in this lifetime. Yep. Yeah. Yep. So honestly, there's nothing we can do to be. The one thing we potentially could do is elect leadership who are going to try and fix it. But. It's tough. It's tough to be almost at 40 trillion in three or four years. Like, what are we doing? But Elon got paid. well he's about to get paid maybe 56 billion running into the ground so you're saying get out get out there and vote yep okay we'll find another country to live in promo code for merch forgot to mention that i got the throwback we're doing 40 off of all eyl merch so go to our website and enter promo code summer 40 before midnight to get 40% off of the merch. There it is. Don't forget the merch. See this? OGs know what this is. Very vintage. Original. The original. Okay. So Bloomberg projects that social security will run out of money to pay full benefits by 2033 and Medicare by 2036. What steps can be taken to mitigate this impending shortfall? Um. Are we going to get to the lighter conversations later? These first two goes back into the nothing. I just want to be very honest. I think that those benefits have been run out. Social Security is done for. I know people keep saying that it's not true. Once again, go reference Chicago. That was the canary in the coal mine to tell you that the money wasn't there. Medicare by 2036. That is scary. And because we don't have enough checks and balances to know. where the money is going, where it's being spent, how it's being allocated, how it's being deployed properly. So I think in our lifetime, we are going to have to just rest and realize that social security or Medicare will not be there. And if we continue to run into debt, other pension plans are going to go away. I remember as a kid when certain adults retired, they were guaranteed a pension. Then that went away. Then came in the 401k. Now some 401ks may be going away in the next 10 or 15 years. So there's nothing we can do. What is the solution? you got to invest in and take care of your own financial house because nobody cares about your money the way that you do um but but it's sad and it's too late i've been beating this drum for about two years and everyone said i was a conspiracy theorist but bloomberg says it so it's official shout out to michael bloomberg yeah but i feel like we we've heard this for the past couple of uh you years and it felt like we're the direct descendants of this right like 80s babies right they were like as you were growing up as you're starting to work for us they would tell you don't worry social series not gonna be there when it's time for y'all to retire and uh looking at the numbers right within the next few years a lot of us will probably be at that point we've done 25 to 30 years in a career and we're at that retirement age um from a career working standpoint not from the social security standpoint but uh this is uh Yeah, this is one of those things, again, I'm not sure what we do other than continue to educate ourselves, continue to find other ways then to rely on these benefits, right? Whether it's open or brokerage accounts or finding other pension plans, like you said. But this is alarming, especially for Medicare. When you're talking about the cost of health care in this country, I mean, I don't even know how you can pay for it. Like if you don't have health care, astronomical and even Medicare is still an expensive cost. I don't, I mean, I think you just start planning for, to having not even discretionary income, but this becomes now that emergency fund. I know early on, you used to say it was like 60 months and I'm like, that seems like a lot, but I mean, based on these numbers, this might be something that's needed. Do we, do we now adjust what the savings is? I don't know. From a financial advisor standpoint, what do you say to that? Well, I mean, at first, you know, this is not something that's new information. When I was a financial advisor, I used to tell my clients this because actually, if you look on your Social Security statement, it says it on your Social Security statement. It's been stated on your Social Security statement for years, but nobody really reads fine print. But so this yeah, this is something that has been documented by the Social Security office themselves for over a decade. So it's not surprising. And it doesn't necessarily mean that at 2023, 2033, that is going to be over. It's just saying at this pace, it will be over. But they'll probably pump more money into it. I have very strong doubt that Social Security will end in 20, 20, 2033. That's almost almost impossible. They will put more money into it and they will make it. But. that leads to more issues because it's like, okay, we keep funding and we put ourselves more into debt, but that goes back to the first thing as far as the debt is already out of control. So, um, it's a political game that, you know, really the politicians are the only ones that can kind of figure this out because they're the ones that control the budget. This goes back to our visit in Washington when we met. You know, members of Congress and we talk about, you know, the Appropriations Committee, Ways and Means Committee, different things that these type of committees control the budget, where the money goes and how it's allocated. And that's why it's important to be politically aware and take part in the political process, because the members of Congress have the power to. make the decisions on this. And they're the only ones that have the power to make decisions on this. So I'm pretty sure they'll, they'll kick the can down the road, um, as long as they possibly can. Uh, but yeah, it's not, it's not encouraging that, you know, financially we're on a pathway of, uh, insolvency. That's never, that's never good. Right. But ultimately there's only a few ways that you can solve these types of issues. You either, you know, increase revenue, which most of the time that's by increasing taxes. or you cut spending. Um, so Democrats want to raise taxes. Republicans want to cut spending. Thank you. I do a combination of both. Yeah. And, um, military spending, definitely something that. I think it's been way too much money on it. Never going to go down. Especially overseas, in overseas military practices, overseas financial aid to other countries is definitely something that could potentially, you know, be cut down on as a line item, for sure. But it's all in the hands of the politicians. it's a political, it's a political game, but as far as how much money you should have in savings, I mean, you should definitely have at least six months in savings, but you know, a year for sure. If you can, um, to be on the safe side, that's something that is helpful and beneficial, but savings is relative. I mean, if you have money in the stock market, technically that's a form of savings as well, right? Like, so you should, you should have as much money as you possibly can quote unquote saved. I mean, just in a regular bank account. a year, probably no more than a year. But after that, you put money into a brokerage account, you put money into stocks. And in an emergency situation, if you need to take, then you can take from that as well. So you want to have as much money. liquid. I would use that as a better word than savings. You want to have as much money liquid as you possibly can because it just gives you flexibility when anything can happen. And if you're not liquid, then you're going to be in a very difficult space. And the truth is, even when you get to a different level, even 60 months, like five years goes by fast. There's companies that have hit a route for 10 years, but if you look at how much money they have, 2.7 trillion in social security left. That's the value. That's the market cap of Nvidia. Nvidia is at 2.9. So everyone's paid in all this time. And in the course of 10 years, Nvidia has had more value than social security. that money probably won't be there by 2040. What do I know? And every year we do this show, makes a case for why you need this much money stored away. Inflation is getting higher. We won't talk about the corruption, reallocation of money. It's a lot of tricky stuff going on. Invest in yourself. Some of my things. On top of that. you have to have your money work for you. There's no more, like the disparity between rich and poor is getting higher than ever. We'll talk about it later, but now we have a poor person's recession. We're going to put all the debt on those that make less than 60 grand a year. And then everyone who's doing well, get elevated higher. I know I sound like Bernie Sanders, but it is getting tricky. And as an entrepreneur, you have to be able to weather a lot of storms. And sometimes the storm may last longer than a year. So, yeah, I'm looking at this chart for the U.S. government spending fiscal year to date 2024. The number one category is Social Security, 960 billion. Medicare is number two, 607 billion. Net interest, 601 billion. Health, 595 billion. And in national defense, 576 billion. I forgot where education is oh here it is down here number 8 education training employment and social services 141 billion yeah Lockheed gonna get they money no matter what so and it really be an MX soon Boeing hit like button yes and share ladies and gentlemen alright we about to get to this announcement before this Before we get to the big news of the day, which is who's the headliner for InvestFest, the stock market is experiencing its longest stretch without a 2% sell-off since the financial crisis, with the S&P going 377 days without... a 2.05% decline. So what does this indicate about the current state of the market? And today, a lot of stocks were down, not all of them, but a lot of stocks were down today, especially a lot of, a lot of stocks. NASDAQ was down. Yeah. What does it say? Two tech, two index, no stress. The publicly traded equities market is the only market that the richest people on earth will tell you is guaranteed to go up through lobbying. And then people wonder when is it going to crash? There's still one. I said this on Stock Club call yesterday. There are certain things that you can invest in, even if you have the capital. but the one sliver they'll give us the little bread crumb is the public equity markets and Vanguard black rock to the most powerful companies on earth. You guys did a great interview with black rock. If you guys have not seen it, please go check it out today. Thank you, sir. But a Vanguard and black rock say, Hey, these ETFs or these stocks are going to go up. Even in the magnificent seven is not talked about enough, but they were selected. to do well over the next five to six years. Therefore you should follow suit. Investing is not that damn hard. S and P is not going to fall. Even a crash or correction is 20%. Hey, we're not getting there. Um, I know some of y'all messaged me earlier, a little bit panicked about Nvidia going to what at one 18. What do I know? I'll break it down later for you in a presentation as to why, but what this tells me more than anything is keep your money in the market. How hard is it just to put money in a thing, park it, and let it run, even if you don't have a lot? The thing that I wish that they told us is like, you wouldn't go through financial hardships if you put your money into a vehicle that can run faster than you. we're not going to have a big crash anytime soon. Even if Trump gets in, they'll change the allocation to go in favor of the companies that will do well under his leadership. Whether we're in war, hostile takeover, Kendrick, Drake, Joe button and academics get into a world war three media battle. It does not matter. Waterways get messed up. Ukraine and Russia last for another 25 years. VL is going to go up. SPY is at 500 something. At some point, it's crazy to even think that VOO and SPY are going to have to split to be affordable for the average investor. hold for the long term. Yeah. So what does it say about the market? It says that we're in a bull market. That's what it says. And like you said, it's going to, it obviously is going to increase over time because historically that's what it's done. And even if it doesn't, right, we're talking about a correction anywhere between 20, 10 and 20%. I don't see it happen. There's no chart that indicates that, but a small pullback could happen. And so just be mindful of it. I wrote down some key numbers, right? So even if it falls back to 5,200, you're talking about a 5% pullback. Yep. So 5,200, I mean, these are just key numbers just to keep in mind. That's a 5% pullback. I think, I mean, at today, where are we at? 5460. So that's a key number. And when I'm using that number is because I'm looking at the 50 day moving average pretty much. If I look at the 50 day, if it touches that, it'll be at the 5200 mark. The next one to look at would be the 200 day moving average, which is just around 4840. If it gets there, even that is a 13% pullback. I mean, it kind of falls in that early correction phase. But those are just two indicators that I would look at. again, even in the bull market, there will be pullbacks. I mean, it's healthy, right? It gives you, obviously, a chance to reset. So when we're telling you, hey, and I spoke about this on the call, when I'm looking for depreciating calls, these are the times I'm looking for it. So if it falls back to its 50-day moving average, all right, well, I got a new target. If it gets down to its 200-day, I'm even more excited because now I know that there's more depreciating assets inside of these options that I can take advantage of. Because, again, it is... rig to go up. It's going to appreciate over time and all signs point to that. So now when it depreciates like this, we got to be ready and prepared and be in position to take advantage of it. Spiral went from $228 in 2020 to now at $544. We haven't seen anything like this. And this is without quantitative easing. hold your money in for a long period of time. And even if like, and then when the crashes come, like October of 2022, everyone was panicked. okay, is it like, yo hold for the longterm? They, they trick our community into thinking crashes are going to come to keep us on the sideline. So we don't have any ways to close this wealth gap at all. So. All right. Well, the moment has come, ladies and gentlemen, um, the, the. Headliner for 2024. First, let's get some energy though. Well, first and foremost, before we even start, we got to talk about InvestFest. Of course, we have Steve Harvey. Of course, we have Damon John, Steve Stout, T.I., Don Peebles, Lauren London, Stephen A. Smith, Monica, Earn Your Leisure, Dunlap19Keys, Pinky Cole, Shaka Bars, Van Jones, Wyclef Jean, Will.i.am, Will Packer, Coach K, Yaque Awaken, Billy Carson, Matthew Garland. Derek Hayes, Alex Burton, TJ, Terrence J, Kenny Burns, Larry Morrow, Milan Harris, Milano, the Marathon team, Black Sam, JP, the whole team. Yandy, uh, poor minds, miss business, Ashley bell, Dr. Bernice King, Dave Shands. The list goes on, right? The list goes on and on and on. And of course we'll be having workshops on home buying, uh, real estate investing, uh, stock market investing for your kids, setting up your portfolio, brokerage accounts, um, how to advocate for your children in schools, artificial intelligence. Mm hmm. health and wellness. Of course, we'll have 450 business vendors there and food trucks and musical performances and a VIP night, meet and greet. And, you know, of course, of course, of course. But, you know. So you're saying there's more. How it traditionally has played out is that we've had, you know, the headliner, one or two. And, you know, it's been pretty. prestigious a-list people so far that we've been able to, you know, acquire. So the standard has been set, right? So when you're... on level with standard, you have to make sure that you keep standard. So we didn't announce the headliner because he was still trying to figure a few things out. So we announcing the headliner now. And, you know, to be a headliner at InvestFest, you have to kind of check off a couple of different boxes. You have to be culturally relevant. And this is why, unfortunately, Dan Cathy is not a headliner, right? He was at InvestFest, but nobody knew who he was. So he's worth $7 billion. But I mean. we had to tell the audience who he actually was. Right. So you have to be culturally relevant. That's important. Let's not act like it's not, you have to have the business respect. Right. That's also important. Right. Like you, you just can't be culturally relevant and have no business track record. You got to have business track record. You have to be able to do it in multiple different industries. You have to be able to have the highest level of success across multiple decades. Um, and you know there's only a few people that fit that category right so mike let's let's cue this video man let's show the video and send there it is man best fest 2024 the lineup is the first thing out it's been a stressful process bro it's over Let's get something to eat, man. Whoa, whoa, whoa, whoa, whoa. I hear y'all talking about the job is done. Nah, no, we are done, bro. Appreciate the help tonight. Trust me. Line up is locked. Trust me. You're not done. Every year, InvestFest has to get bigger. This year, we got more power. This year, we get more money. This year, it's 50 times bigger. 50? 50? 50. 50. 50. 50. 50. 50. 50. 50. 50. 50. 50. I get it. I run the, uh, make the next one of the best I get it. Alright, so we have the video, the trailer. it's done. Get rich or die. Instead, I walk around like I got an ass on my chest. What y'all going to do now, man? What y'all going to do now, man? Shout out to Terrence J. Shout out to Star. Shout out to the whole team that put this together, man. Shout out to 50. We spent... We went to Miami. We spent three hours with Fifth. at dinner, then we went to the club with him. And especially at dinner, we really got to have an in-depth conversation with him. And I'll tell you this much, it's going to be one of the ones. It's going to be one of the ones. My boyfriend will talk that shit. It's going to be one of the ones. Trust me on this one. Five hours later. It's going to be one of the ones. Believe me. As far as... He's ready to talk. He has a lot to talk about. And this is rare. He very rarely makes public appearances. He doesn't do rolling loud. He'll do his own tour. But he doesn't do a lot of outside stuff. and he very rarely speaks publicly. He doesn't really give too many interviews, but very rarely will you see 50 Cent do a public address to over 10,000 people. I don't think he's ever done that before. man. I want to house grossing hip hop tours last year, right? He definitely did. I mean, you look at somebody that's reinvented himself. Like I said, since 2002, 2003, all the way now, it's 20 years in the game. As far as his music career. transitioning to Hollywood, becoming the biggest in the game when it comes to the shows, of course, Power, BMF, Power Book, all these different things that he has going on. The real estate plays. Taking over Louisiana, Shreveport, Louisiana. Houston, too. Yeah, buying up the real estate. He's becoming the new Tyler Perry. You know, G-Unit Studios. He's figuring it out. every single level when it comes to business the ultimate hustler survived the drought you know got shot nine times you know the story like legendary wars too you're talking about surviving adversity against some of the most dangerous opponents he's done that and he's come out on the other side every single time business acumen on a thousand cultural relevance on a thousand never back down 100% fearless man really like that he really liked that he's sharp man he's sharp so I mean some of the conversations that we had privy to be a part of was just like I never heard him talk like that so he's ready man especially what he has brewing and some of the things that are coming up we uh we we're gonna crack the case open man it's gonna be dope i hope everybody gets to hear it and really digest this because like you said this is rare i went back to youtube to try to find an interview and it was like he was sitting down in like a museum for like 15 minutes i'm like this the only thing i found them so yeah we uh super super privileged to have them again shout out to shout out to tj shout out to everybody that made this happen you know it was one of those things man you see us everywhere it's for a reason we working we always working yeah I mean, you know, it's one of these things where it's how many times, right? How many times? Come on, keep going. I'll support you. You know, after a while, it's not luck. It's not luck. And I will say this because this is a learning lesson. It's not luck, right? How we're able to do this year in and year out. Nobody else can. They haven't figured it out. Forbes hasn't figured it out. Time magazine hasn't figured it out. nobody has figured this out. Right. And how we've been able to figure it out. I'm gonna let you in. I'm gonna give you some game here. Yes. It's all about relationships. Right. And I say this all the time. And this is this is just the fact of, you know, cultivating a relationship with Terrence J. For four years, this is four years. We didn't build a relationship with him to one day get 50 cent. Who knew that? I don't even know. He knew 50 cent. Right. But it's like, you know, we have a relationship. You know, we go on vacation together. You know, we are actual fatherhood. Like, right. Right. And then when the time comes for an ask. Um... it happens, right? And he links it. And then Star, who's 50s day-to-day, and he's a big fan of what we got going on. And once again, that's a relationship. Him and Terrence have a relationship. He knows us from the content that we've been producing, and he's been watching it for years. And it's just a relationship thing. We go down to Miami. We have dinner with the whole team. Shout out to Barry. We have dinner with them, and we talk. And 50 talks to us. and we get the deal done. So it's like, okay, we go to Davos. That's the relationship thing. You build relationships. We go to Hans. That's the advertising week. And we're there for the whole week. And we, you running the Steve style and all these people, it's just, we build the relationships and this situation, you know, we build the relationships, Robert Smith, you name it, Tyler Perry, Steve Hart. Oh, yeah. So it's like, there's a reason why people go to cons. There's a reason why people go to Davos, right? And there's a reason why you should go to a best-best. Outside of seeing some of the biggest people in the cultural history, you need to be in an environment that cultivates relationships. Like people be like on the internet, like, well, anything that you can learn at an event, you can learn on YouTube. No, you can't. First of all. And second of all, I think that's the most important You can't cultivate relationships online like this is you fighting against the information you had you watching us do it in real time and you're trying to tell me I don't know what I'm talking about. Right. Like you you you're always you're trying to be anti. It's like, OK, Troy tells you an option. You tell him like you argue with him. Ian tells you what price to buy. You argue with him. I'm telling you about how to actually cultivate relationships and you're arguing with me. And then you're wondering why you're not moving in in the people that you're listening to. they have no track record of success. So it's like, you have to listen. You have to be humble enough to take the information and to be like, okay, well, if this is actually working for these guys, we didn't start with much. So it's like, okay, we didn't have any friendships in the music industry. We didn't have a budget. Everybody knows this story. We started with an iPhone. and over the course of four years, we've been able to bring you all these billionaires. And so how is this happening? Okay. This is how it's happening, right? We're cultivating relationships with people that are close to the people that are people we're in every different environment. We go to all these different events. We were on the plane at least once a week. We're cold. We're going to lunch with people. Okay. So endless zoom calls, follow up, email tech, just, just to check in and nothing comes. Yeah. So for you, right, you're on your journey to success and success is a never ending step. Right. So it's like you're on your journey. You can't afford not to be at the biggest business event in the world. Yeah. Now, that's just a fact. Right. Like. why would you not go? That's my question. Unless you physically just are not able to attend, if you're able to attend and financially it's not going to crush you, why would you not put yourself in a physical environment where people are moving and shaking and trying to connect and meet people and learn information? Good things will happen to you when you put yourself in positions to win. and I was a prime component of it at first I remember Troy called me one day like bro you'll never pop outside I was like I gotta go to slush come on I'm like no I ain't going to get COVID he like bro can't miss I told my dad hey he's like you gotta shake hands and kiss babies you gonna miss your husband if you don't and I remember I remember that moment. You came down to Snips and it was like, I knew it was an awkward situation for you because it was like, wait, I haven't done this yet. But look at it now. Like people, you just had- You can't beat me in style. You just had Rampant and Weaken and Houston, right? Because it means something to be in front of the people. It means something when they, yeah, they can listen to you and they can see you on YouTube. But when they can really access you in real life, it's a different thing. That happens every single day. and invest faster throughout the weekend. It might be at a restaurant. You might run into somebody. Definitely in the vendor marketplace, you're going to run into somebody. You might be in a lobby of your hotel in the elevator. Just by happenstance, you run into somebody. These things happen. I mean, we've said it multiple times throughout our journey. We were just walking out of an event. Oh, wait, Robert Smith is walking into us, right? Like you have to put yourself in the position where you're going to be able to succeed. Same thing in investing. Put yourself in position. And so that when the time's come, you're ready. You're ready to prepare. a lot of times people, you'll be able to be meet your business partners, strategic partners, joint venture partners there. Even how we met, like I got introduced. So you guys do a mutual friend from somebody I was doing business with, but if he never met me in person, he wouldn't have referred me like you have to show up. People need to feel your integrity. And that's a certain Genesee qua that you can't fake online. You can't click funnels your way to how a person feels about you in person. You have to show up. you can meet your wife there you can meet your husband there you can meet the thing about it is that like like i said when it's crazy like i think um vlad has said before like what millionaire has gone to an event to make millions and it's so crazy because we literally just we just came from an event where all millionaires this is we just came from an event with steve stout with carmelo anthony with um Elon Musk Elon Musk saw Elon Musk there man Kelsey the Kelsey brothers Shannon Sharp every CMO of every company in the world pretty much it's like it's frustrating because these people are not either, either they're just misleading people with information or they don't have the correct or just, but I hate it. Go to Davos. There's 15,000 people, right? 400 millionaires at an event. Double idiots conference. It's an event. Yeah. A hundred billionaires came to an event. Why did they come to the event? They came to event to learn about different things because they're in an environment with so much information being spread. It's impossible not to learn at least one thing. But more importantly, they came to actually physically meet people. Like I was talking to one of my friends who works at Uber and he was like, they just lined up meetings. because they knew that people was going to be in cons. So it was like, in cons, I'm going to meet you. I'm going to meet you at 12 o'clock, 2 o'clock, 1 o'clock, 3 o'clock. Because it's like, they could have had a phone call, but they wanted to do business face-to-face. They wanted to meet people in person. The in-person experience is never going to die. Like, that's never going to be duplicated by a Zoom call. And you can't have a Zoom call with somebody that you don't know. So I say that to say there are five 20x20 booths left. Five of them. if you're interested, there's five left. There's one 10 by 10 booth. So there's six booths left. Which is crazy. If you're interested in getting a booth, get your booth. It's six booths less. Okay. I'm not selling it. It's six booths less. It's going to sell itself. Get your ticket to InvestFest. Yeah. Friday, we have the Nipsey Hussle business grant that's still running, ladies and gentlemen. $100,000 will be given away. Let's not forget. Friday, all day, there will be all day education on Friday and there will be VIP night on Friday. And then Saturday, Sunday, all day, then there's going to be after party. Atlanta, all the attention is going to be in Atlanta. 50 cent, bro. You realize that this guy is probably doing business at the highest level possible for our culture right now. That's actually still talking. Cause a lot of people not talking. A lot of people not at all. They're done talking. Yup. Everybody who up, up rich, rich, they are shutting up. Nope. Yup. And probably won't for another five or six years. Yup. Yeah. And so, and here's another thing. So like on top of it, it's like the people at that level, especially at 50, which is very few. he let us in on some conversation on the people he's talking to who are actually giving him guidance. That's incredible, man. I'm excited. I'm excited. Like you said, even how you structured that deal, if you get him to reveal that, how he structured that deal, I'm like, that's fucking genius. What? Yeah. In my opinion, everybody who goes to InvestFast, if you learn one thing from every speaker and you meet 10 people, you should be able to 10x your business. At least. I met somebody yesterday. I just started a trucking company. He was at InvestFest. He was talking to somebody. And we actually have a trucking panel this year. Shout out to Alex. So literally every single day I meet somebody that's like, yo, InvestFest changed my life. So InvestFest. is August 23rd in Atlanta, Georgia. Can't not wait. Get your tickets. Get your hotel rooms. Yes. Before they sell out. There's a hotel that's attached to Georgia World Congress, and they just built it. So you don't even have to leave your hotel. You can literally walk from your hotel to Convention Hall. It's connected. There's a hotel block, which is a discounted rate. That's on the website. So when you buy a ticket, you can get a hotel for a discounted rate also. I mean, what you want me to do? You should probably say through that following Monday, so for whatever business you didn't get done on Sunday, meet with people on Monday, close the deal while you're there, because if y'all wait till y'all go back home, the deal's not going to be done. Close the deal. Close the deal. Don't leave until you close something. Close the deal. All right. All right, ladies and gentlemen. Shout out to 50. Once again, shout out to 50. Shout out to Star. Shout out to Terrence J. man incredible that Miami scene was a whole that's a documentary in itself that whole process man but we got it done and you get the recording if you buy an InvestFest ticket you get the recordings of old InvestFest so I mean there's really no reason it's $250 ladies and gentlemen you spent that on a pair of Jordans a few times over and over again three times at least and if you live in if you live in atlanta the last thing i'll say is this if you live in atlanta north carolina greater area that greater three mile three hour radius florida we're counting y'all yeah 100 000 no reason why you shouldn't be look shout out to lotto just sold out her birthday bash yeah 16 000 16 000 people salute chris brown i heard he's gonna have to do three shows in atlanta because he couldn't one show what don't i don't don't talk to me about ticket pricing you're spending money to get entertained at unprecedented levels unprecedented levels and shout out to all of them i'm not hating on them i salute them but don't ever say you can't invest in your education when I know for a fact you're investing in your entertainment. So if entertainment is more important than education, just say that. I'd rather you just say that because I've never heard any complaints about Chris Brown tickets, the tickets, lotto, birthday bash tickets, usher. y'all flew to Vegas I've seen y'all for 97 weeks he did a residency for 3 years some of y'all fellas buying a meet and greet for Chris Brown to Chris Brown at Rolling Your Girl let me take the picture for you what? no you take the picture of your girl while I grab her ass what? I'll take the picture that boy had a breakup tour wiki wiki for real 11-11 boy yeah Let me hug up on your girl for 1100. All right. And by the way, the last thing I'll say is we're not done. Oh yeah. Stay tuned. Oh yeah. By the way. don't message me ask me who I don't know see now I'm gonna work want to come more I know it's this is the year the year sale tickets and soon this is the year we sell tickets and so you're lucky I don't get them too because if it was just me running it every 250 hour okay okay ladies and gentlemen Woo! 50! Warren Buffett has been buying Occidental shares for nine consecutive days, increasing his stake to nearly 29%. What does this tell us about Buffett's strategy and the potential of Occidental? really interesting. So I have a question for everyone here tonight. If Buffett is buying Oxy, the legal kind at this rate, if you're pro Oxy, are you anti EV? I know the 0.1% wasn't that big of a deal of the sell-off, but I like to see where investors are putting their money and that's truly how they vote. and he's been buying it for a minute, like he got down to 24 bucks a few years ago. Great return. I think Warren may know something that we may not know. But if the oil sector goes up, wouldn't that be an indictment that EV is slowly going to go down? Because if not, he would have bought more BYD or Tesla at a. cheaper price when it was falling apart. So I'm looking and seeing, okay, what is he not investing in? But he's pouring money into this. Returns have been great. For Oxy, I don't like it at this price per se, but whenever he's buying in bulk like this, I do like it if he gets back down to like 48. but I think if he's buying oil at this level, it's an indictment that EV is not the thing to invest in heavily over the next four or five years. Yeah. We, we spoke about this last week, man. I said, something is happening in this industry that we need to figure out, especially when you start to see all the consolidation, him doing this over the consecutive period of nine days is just furthermore cementing that. When you look into the research of it. Yeah. It does cement that, right. The expansion of oil, gas, it's not going anywhere. At least for the next decade, even if something happens inside the EV space in the next decade, there's still going to be a large space for oil and gas. And that's why he's doing it. But he's also doing it because he's just accumulating more shares. Yeah. He has over, I think it was 83 million shares. Insane. And meanwhile, ExxonMobil just hit an all-time high a couple of days ago. So Oxy, as a result, should be drug up. he has, so he has 83 million shares and he has calls and warrants outstanding as well. So he has the opportunity to buy more shares at a lower price if he wants to. But the 83 million shares over the past four years have yielded 8%. So, I mean, when you have to look at a reason why, there goes some reasons why right there. But yeah, I mean, he's not the only billionaire doing it. If you actually Google it, look at the billionaires that are investing in Oxy. There's something going on here. Again, I think it's a detriment to EV, the market over the next decade because There's a reason why the people who have the level of net worth that Warren has are doing something similar to what he's doing. Yeah. It tells you that this is in demand and it's going to be here for a while. And that the price point for oil, because it will always be in demand. Obviously, it has its ebbs and flows. I mean, we saw what happened during the pandemic. The hike. There was that June where the barrels of oil were negative, which was like, how is this even possible to where it's at now? That rebounding is happening in full-fledged, and we can see it going higher over the next five to ten years for sure. So, yeah. Yeah, Trump says if Biden gets back in office, the price of oil will go up. he kind of alluded, if he got an office, price of oil will go up. And let's be very honest, there are not enough charging stations to be able to scale EV for most Americans. And if the EV space gets big enough, oil and gas will buy that shit outright. Just like how they deal with hydrogen. And hydrogen may be coming soon, but notice most of the patents for non... renewable energy they own the rights to. And companies are going to use it. Most people just think of oil and gas and they think, Oh, it's an automotive thing. No, there's, there's companies that operate on oil and gas. So those are going to stay the same. They won't be a EV charger for that type of business. So yeah, I think the demand will, will be here for sure for the next 10 to 15. Plastic is made from what? petroleum. And at this point, they own 30% of the company. Yep. Well played. Shout out to Uncle Warren. He keep fooling y'all with that little Cadillac and them little Dairy Queen trips and shit too. Shout out to Warren. Shout out to Warren. And yeah, shout out to TMZ. I actually broke the news about this 50 story before we did. I don't know how they do it. Charlie Harvey. Harvey. Maybe I have to post it up. Rain, sleet, snow. Boy. That's a fact. there's a mole um okay so ian yes we're gonna go back to back with the presentation i might as well drake lost the war with kendrick so i gotta bring back to back why are you doing this man why that's my god you already know shout the problem who called me shout the fuzz dj head i know yeah shout the dj head shout the sticks the whole the whole west conglomerate It was beautiful to watch. It was beautiful to watch. They can't wait for this moment, man. You got it. And just let them have it. And just let them have it. Drizzy might not recover, but we'll talk about that later on. He's going to recover. He got a little smash for the summer coming out. You just got to tighten up some of his personal relationships and quit. You know? They went to Nickerson Gardens to shoot a part of the video yesterday. that's tough yeah shout out the top and the whole team yeah well okay so we got a presentation huh let's do it yeah let's go more value getting back to the original formula they say i lost my way i'll hear you body stuff let's do it some of y'all had your panties in a bunch when i told you on video could go down to to 112 or 107 and um You know, we are getting kind of close to that price. I keep telling everyone in investment, but especially Red Panda, kudos and thank you to everyone who joined over the last week. We base off of intelligence, data, pricing, and not emotion. We invest off intelligence, data, pricing, and not emotion. Now, I want to be very clear. I think NVIDIA is still one of the greatest companies of all time. Jensen is one of the better CEOs that we've seen in this era. I'm not going to lie. When he started signing them titties, though, at the conference, I was like, I don't know. This may present a problem or two. But and then a couple people was like, yo, you didn't show the analysis and charting of why. That's not my obligation. not my obligation for everything that I say to be like, yo, here's the stochastic level. It's like, all right. But, you know, since people ask, here we go. If we look, a good indicator to use, let me click on it for you, is high in, these are my fibs, excuse me. are the high and low for the month. Another reason why I quit sharing as much visually, you know, because people are stealing my shit. But anyway, high and low for the month. So the previous low for the month coming in was 112, okay? And then also, if you put your Fibonacci levels on NVIDIA, you can see that 78.6 line. Well, I talked about this yesterday on Stock Club Call. The 618 golden ratio ain't so golden. Maybe back in the day it was. To the person who made the golden ratio, I appreciate all your contributions to Fibonacci and the Fibonacci wave and the spiral and all that shit. But it does not matter as much now because the 618 just penetrated. Paul Shaq, you a wild boy. You better stop. You barbecue chicken now. And it'll go to the 50%. And notice how close the price of one. 1097 is to that monthly low which is 112 and then also if we look here at the 50-day moving average the price is 106 and park and then if we look real quick Nvidia CEO Jensen so 95 million dollars worth of stock I wouldn't be mad listen if I ran a company for 20 some years I want to take some profits too but we also have to look in consideration that a bunch of employees who have been there are now leaving some of the top talent has become millionaires they're selling off leaving. He sold 720,000 shares from June 13th through the 21st for $94.6 million. I wouldn't be mad either. I wouldn't give a damn if the stock dropped 20% either. If I was him, he has earned that for sure. So you can't be mad at that. But when you are looking at price, and I know some people may get it confused, I am a trader that learned investing first, so price to me is everything. And as a person who's been on this stock for a long, I wouldn't have to remind me, I first mentioned it publicly in 2017. Let me show you. To the good folks over at Roland now, I appreciate you. Let's see, let's go through. Which is a classic. If you really want a great blueprint on investing, you definitely should go through this article anyway. When I talked about buying shares of company, Facebook now meta. voila numero uno oh look at that numero uno everybody had met amazon pow fucking killing apple netflix nvidia ain't that something when you like was doing this shit before it got popular to do this shit i'm lying you know what i'm saying okay so i was talking about it before in 2017 so once again you I've been afforded the luxury to be able to have some insights and relationships with people who work in certain industries. And with my own analysis and reading, it really helps a lot if you read 50 pages a day. Now it's at 118.76. You can see some things. And also when you are actually an investor in the stocks that you're talking about, what it does do is allow you the ability to understand how price moves when you actually own. It's one thing to say HODL. It's a different thing when you are holding on for dear life and that shit's in your portfolio and you may go through a winter for three or four months. Apple went through a winter for three or four months. and everyone was like, is it over? And now they've rebounded. Well, Nvidia rebound. I want to be very clear. Yes. But when you invest based off data, intelligence, and price, and take the emotion out of it, you know any stock on earth can get cut in half. Any stock. But then if you slide over and do a little bit of research, it's one of my favorite sites, YCharts. Go look at what the maximum drawdown over the last five years. Maximum drawdown for NVIDIA is 66.34%. So this little dip that we having right now, this ain't shit. This is nothing in comparison to where it could go in worst case scenario. And as an investor, you have to think about what happens in the worst case scenario. A lot of times when you guys hear me doing this analysis and saying, hey, things are going to fall apart, it's not because I'm looking for a hot take to order to Oboe like oh you say anything for likes on social media Google my worth my boy there's no money in hot takes in social media none all the people that had all the hot takes the show's falling apart shot that I'm 22 hey that's not the point here's what I'm learning And it's easier to talk shit online than it is to get in this bag and get in these books and actually invest at the right price. so when you start to understand what the drawdowns could be it makes a hell of a difference then let's go and look at maybe 10 years worth of drawdowns and at this point this is a 60 plus drawdown this wasn't that long ago was it not october of 2022 when the whole world was falling and this is when you know around the time that Facebook changed their name from manna to matter if you will here fifty three point zero four percent this is investing based off intelligence and data not rhetoric or what I think 2019 still two years after I talked about it publicly and rolling out okay you go here negative fifty five percent So it's a miracle at the time when I was initially talking about it. If you think Tesla was incredibly volatile, this was worse and it didn't have the fanfare. Now if you go all the way back to the beginning, the maximum drawdown was 87.9 89.73% in October 9th 2022 and it took 1032 trading recessions for it to recover. 1032 trading sessions for it to recover. The current Nvidia drawdown is 6.65%. So my homework assignment for you is for any stock that you are invested in, any crypto, what is the average drawdown over a five and 10 year period? And what is the average drawdown over a quarterly? And for those of you that actually can chart, if you put on a 20 day, 50 day, 72 EMA, you will be able to see precisely most of these prices that I am talking about. Capiche? Okay. So, the case for NVIDIA going to 112 is not... And then also, too... the 21st of June futures contracts switched over. That's always a period where new money will stop investing at a certain period of time and it comes back in after the new contracts are formed. You have to take that in consideration. You have to take consideration when quiet or triple witching is happening. That has an impact as a long-term investor. It really doesn't matter. But if you're buying at a high, you're going to die. So anybody who didn't want to listen, great. I'm getting messages from some of you right now. You bought at 130 or 134. Hey, what's I do you should have listened by whatever price the great part is long-term and we'll talk about it later the S&P is up um has not had a tremendous drawdown in a while just hold for the long term and you will be fine investing is not that damn hard say it with me investing is not that damn hard jabroni but you know if you put on your little charts and one simple one even if you're not the greatest technician is this high low for the month and then to tell you where we could draw down to over the month baby starbucks is in trouble uh howard schultz please come back whatever uh version of crack y'all was putting in the cup go re-up from freeway ricky ross or somebody and put it back in immediately please um and this is what happens when you lose your way revenue fell 2% in the most recent period. But now when you see you're having to discount products at scale to try and bring the revenue up, that's never a good sign that the stock is doing well. Let me go to Starbucks chart real quick. and we're finally getting to some truth about if we are in a recession or not but if we look here for this month from 83 down to 79 which probably isn't the biggest drop to most people but look here we are getting back to levels that we were in october of 22 we can agree unanimously that everyone you was negatively affected by what was happening in 22. And October and November was the low. On the inverse, Meta recovered, Nvidia recovered, Tesla recovered for a little bit. Starbucks is back there and they're getting pretty close to these lows of 2020. It's just been gross mismanagement. And then, of course, once again, people have not been treated well and the experience is not as great as it used to be. And Dutch Brothers is on your ass. You have to constantly innovate no matter what is happening. in the market you can never please write this down never take your leadership position for granted then you start looking at the numbers and saying okay well okay revenue of three years 15% I don't know market cap is good margins are pretty good 27% but the price target that most analysts have it for is 90 and I don't disagree as much but here's a great thing let's look at drawdowns going back to that word they are currently which we're in a decent area where we should be buying or be at least looking to buy the prices for starbucks are in stock club but may 3rd of 2024 they got to 42 percent drawdown from the high 2022, the drawdown was 42.5%. And then in 2020, the max slowdown was 42.94%. So they are in like historic lows, as I just showed you on the chart. Do I think they can recover? Yes. But when people are like, well, certain stores will never go away, just because they don't go away, it does not mean that it is a great investment. you still have some stores that are surviving by a string. It doesn't mean that I want to put my money into them to invest for the long term. So when you combine the fundamental data that we talked about last week with the technical this week, and then we start looking at what the drawdown, it tells you when you should be looking to invest. But guess what? If they rip the lid off of it and say, hey, we've been in a recession, but we just didn't want to say anything. then maybe, just maybe, a lot more stocks will come down. But it's a lot easier to say we are in a specific type of recession where it's only affecting those who have the least amount of money to stop the complete collapse of everything that we're seeing right in front of our faces. The biggest thing I really want to reiterate is the market is permanently rigged to stay up. So if you take all the guessing out of it, there isn't much that you need to do. I mean, look at this. This is the S&P 500. And as much talk as people have, and that's why I tell everyone in Stock Club, stop focusing on the noise. The noise does not pay you. This is since 2008 and we've had a steady climb through recession, inflation, presidential changes, changes in Senate, changes in Congress, changes in the characters in power. Everything on Earth has happened. And as a result, I keep saying the stock market is one of the few places on Earth where the 1% of the 1% tell you that this thing is guaranteed to go up and it does. to tech, to index, no stress. I know some of y'all, you know, have people messaging y'all like, oh, why y'all still watching Market by Day? You're gonna start, listen, because this shit work. That's why. Open up at 48.18. Great. We're now at 55.48. My S&P target for the year was 5,600, was it not? top of the year no spy to give you a full comparison set 545 which is crazy like that index at some point probably will have to do a stock split because the main driver of the etf is going to be too pricey please hold for the long term anything else is noise anything else is noise and i know at times there may be people that are trying to detract you or distract you from listening to me i know all of a sudden everyone's a motherfucking nvidia fan i got you follow the blueprint and you will be able to get rich in the market and if i've made you money um please let me get a guess and chat I love y'all. I don't think there's too much more to say. A couple analysts are becoming bullish on Delta. Still don't like airline stocks. That has not changed. Let's look at Bitcoin real quick. um and notice how the entire space is falling right now the correlation between nvidia falling this is bitcoin's chart and then if i go to nvidia there is a small correlation there let me look at amd amd is on the is pushing up but if we're going to be very honest like wherever nvidia goes the rest of the space will go because they're the number one leader in that space. just be mindful for those of you who are fearful about buying Bitcoin now. Is it too pricey? Is it over levered? Is it stop buying at these highs? It's my only piece of advice to you. When it's at a high, it is the wrong time to buy in this zone. It is not the right place to buy. And if you put on that high, that monthly high and low, it'll literally tell you where not to touch the damn stock or the asset. Super simple, super simple. and one last tip if you want to then be to be able to get a bigger edge go to a lower time frame and use your EMAs your 20 or your 50 or your 72 to 72 I love the most and then buy when it gets there but stop letting people trick you out of your spot Love y'all. Over and out. Join Stock Club if you want to get rich in the market. And for the rest of this presentation, it will be posted exclusively in Stock Club where I will be talking to you about the eight stocks that I called for this year and if they changed, why you need to match them, what targets to change your life, a bunch of other indicators that I love the most, and how to use one site the way that you would use a Bloomberg terminal to give you an edge in the market. Love y'all. Over and out. Okay. There you have it. What a time. What a time to be alive. Outstanding. Thank you. Yes, yes. Another excellent presentation. Thank you for that. Appreciate it. Of course. Congratulations. Knowing how far a company can draw down, it's key because it'll give you a good indication of when to... At NVIDIA 107 or 112, whichever one you feel most comfortable. yep all y'all can buy for those of you who bought at whatever price you wanted to yeah aggressive this morning are you okay when you think it's gonna hit the link in invest.com if you want to know what a market is going to fall to go to in invest.com i got you yeah i think you had the 107 i went i went a little high i went 112 but we might have to reassess this thing that was that was another thing that we spoke about last week it was like all right this was the plan we got we might have to make an amendment Shout out to Elwin. Elwin told me, like, yo, you was talking about this in 2017. That's the good part about, like, doing this before everybody was doing it. You got, like, preponderance and proof. That's one of my favorite words. That's like your word of the month right now. Yeah, you know, so I'll bring preponderance of evidence on stage at InvestFest. And those slides to get your cameras ready. I'll talk to Terrence this morning about stage show, why he was delayed. getting back to the old me let me alone Ashley I need all the pyro just send me the invoice for it I'm cool I want to cross the wall send it now I got you okay okay so Okay, certain NASDAQ stocks, including KLAC, LAM, Research, NVIDIA, Qualcomm, Texas Instruments, are expected to rise as the later half of the year passes, right? What factors are driving these expectations? It goes back to what we talked about in the S&P, that the market is ready to stay up, and now institutions. institutional investors, funds, funder funds, are everybody's latching on to the winner. So like NVIDIA has had an incredible run. I like Lamb Research, ticker LRCX. They've had an incredible year. They opened up at 678 at 1032 right now. What Bitcoin ushered in, and we have to give Kathy credit, who I was on stage with last year in Novogratz. Thank you guys for that. What she did usher in was to break the norm of people wanting more than 7% to 12% gains. So I know people are worried about, well, will the second half of the year be terrible? No, not if S&P gets to 5600. A lot of these are going to get drug up as well. I like Lamb Research. Of course, I love NVIDIA. Texas instruments are solid. Microsoft will be great. Apple, even though I think they're making a gateway for big government to be able to spy on everything we do even more with the partnership with OpenAI. they're going to be fine. Amazon's doing incredibly well. It gets back to my biggest thesis is that the market is rigged to stay up. Just hold your money in for the longest period of time that you can, and you will get rich. Like stop expecting, like we're not going to have a 50% meltdown. This is not 1999. It's not 2000. Most of those companies were not producing profit. Some of these companies are making more money than countries. stop betting against the trend, the wave, stop trying to reverse the course of history. Hold for the longterm and you'll be good. These are the, these are stocks that are part of the, the semiconductor, the AI economy, right? So it makes sense if you're talking about, and specifically I like lamb research and Qualcomm because they have a, a unique set of. points that they're ahead of the curve when it comes to the other semis. LAMP Research, definitely when it comes to creating, and I need everybody to do their own homework on this. I want you to look up what a nanosheet is. If you understand what a nanosheet is, then you would understand how this process, why NVIDIA, AMD, why these chips make sense, and why they all don't produce the same thing. So LAMP Research, they produce the transistors that stack the size of these nanosheets, right? In some cases... they said that they control 100% of the market share for that process. Yeah. 100% of the market share. That's monopoly to have, right? We're not talking like, eh, they own like 60% of, 100% of the market share when it comes to that. So if you're talking about nano sheets, obviously, which are what a lot of these ships are put on, I mean, that is a monopoly in a sense. Qualcomm, specifically when you're talking about smartphones, right? So like this is all semis are not created equal. We obviously know smartphones, but they're more so in the Android products. androids have a bunch of different phones i know here we just think apple iphone and we think oh the android is one phone um the different companies yeah you use use the process so qualcomm is part of that and it's starting to move into some of the automobiles you're starting to see um specifically the snapdragon processor being used in different industries and so you're seeing in bmw they have a deal um some other automobile companies so you're starting to see it so knowing that there's a different like we just hear these companies and we think they all do the same thing. No, it has a different purpose. Each company has a different purpose. Some of them have specific purposes. And like we said, with, with land research, they pretty much are that you have to go to them, right? When you're talking about some of the steps to make these ships functional, it's tough. I mean, where are you, where are you supposed to go? You have to use them. Homework assignment of the week. Reeth is Barron's top CEO list. Dara was in there. Thank you for not reverse spin kicking me when we were at the White House. But if you look at CEO Qualcomm, Qualcomm's up 78% this year. like if you just read diligently every day, all the secrets are there. Homework assignment, go read the weather online. If you have the physical version, even better, but you'll see the CEOs that are on the list, how they're looking to change the next five or six years, seven years. They're basically telling you like, who are the up and coming stars? Qualcomm is here to stay. Of course, NVIDIA, AMD, SMCI. Like I put an article in stock club as well. about everyone who Apple works with to put their phone together. Those companies are doing incredibly well. So just pay attention. I think the big thing that we all are trying to set stress, Trevor shot myself. It's like, pay attention to what actually pays, you know, what don't pay gossip. No, sir. No, sir. No, sir. No work. hit the like button and share. And I will say this, as far as InvestFest, we have addressed some concerns. The line will be more efficient this year. We have a logistics team, so you don't have to wait online for long periods of time. We're in a different hall. We're in a hall that we were two years ago, not last year. So there's no escalator to take. And the sound has been greatly improved. So if you're all the way in the back, there will be no echo. We have a different room. So smart. We have carpet. Different setup. We have carpet. Yep. Add it on the wall. Send me invoices if y'all need me to. Yeah, we just didn't know. That's why I said it's about making an elevated experience. Right? Like, you can have 30,000 people, but what about the 20,000 that came? Let's just elevate the experience for them, and let's make it impactful. Yeah. Yeah. Sure. So we have heard some concerns. Yes. And we... it will be a better experience as far as the line and the sound for sure. Definitely. And we got some crazy, we'll talk about some other things later. I won't give everything away. Tesla's internal data shows the company has reduced its workforce by at least 14% this year. What are the implications of this for Tesla's operation and stock performance? I'm usually, this would be a point where I rail on Tesla, but I'm not. I think you have to cut costs if the stock is not performing well. some interesting partnerships are being talked about with him and Dale and NVIDIA. So I think he's trying to find a way to be more efficient and going back. Zuckerberg really ushered this era in of big CEOs being a lot more efficient. Shout out to Fat Man Scoop. I was talking to him this past week, and he was like, why don't you hire more staff? And I'm like, why if we have all these automation tools? And I was on this like in 2020. So I think people are just trying to find a way to be more efficient and give the investor class a reason to invest in the company long term while they have a bunch of weaknesses right now in the company. they got to take some of their money off, um, off the books to be able to reinvest and reapply it into the company. So to anyone who's been laid off, my apologies and my prayers go out to you, but this is the right thing for them to do at this time. While the stock is trying to find this way back, um, above some of these moving averages. You got to have the, the bottom line number has to, to meet the expectation of the stock. That makes sense. And so. part of it, and we talk about it all the time, sometimes people are going to have to lose their jobs. And this is part of it. You cut jobs, but you have to do more with less. And obviously, we've seen with AI, and they're creating their own AI. So you can understand why, I mean, this doesn't really shock me that they're in the workforce. I feel like if you look at the... the top market cap companies, we've seen pretty much all of them. Outside of maybe Apple, who hasn't reported that large of a job cut, all of them have done it. Microsoft did it. We saw Meta definitely do it. We saw Google do it. I'm in shock that Tesla's now doing it. People are going to do less and more. That's going to be something that's going to be continuous over the next five, ten years. And so you've got to figure out a way to make yourself more useful. and make sure that you're able to prompt the AI that is going to be working with you or replacing you pretty much. And if I ask for $56 billion, I got to get some money off the books. Because when you help pay me, it's really going to throw the books in the shambles. that meet the bottom line number man but at all costs yeah right yeah so like even with the reports when we were talking about when it was coming into its earnings we saw a reduction in the amount of vehicles they were producing we saw a reduction in the amount of sales having a job cut i mean that's part of it so i would expect the next quarter when they report obviously with with no delays being reported cut some jobs not expecting the stock to take up a little bit stock opened up at $250 this year it is at $189 in light of the recent CDK cyber attack, which stocks could benefit the most from increased cybersecurity demand? I think we talked about it, but, um, cross-track for sure. Um, and shout out to all you cybersecurity companies that are paying people to go hack somebody so they can hire you. Well played my boy. Um, I think cross-track would probably be the biggest benefit. and have the most upside for sure. But as we become more dependent upon technology and especially AI, I'm really interested to see who is able to stop some of these issues from happening while using AI or thwart these attacks. But cybersecurity is only going to get bigger. I know it's not the most fashionable thing to talk about. But as we're more data dependent, more internet and technology dependent in every sector that we live in in the States, these companies are going to be a lot more valuable. I looked at the list where we had CrowdStrike. We spoke about them, loved them. Zscaler is definitely number two. I see Fortinet and Cloudflare here. I think those are reputable, but I'm going to replace those two with a different two. I'm going to put Okta, ticker OTA. Yeah, I like that. So what they do, obviously, these are all in cybersecurity. So they pioneer the identity and access management, which rethinks traditional security by using zero trust architecture. And that's another homework assignment. Look up the zero trust architecture so you can understand what the process of that is. And so that helps with identity management, which is important, obviously, in a cyber attack. But the other one, I think we would probably put at, I would probably put at two. Or, I'm not mad if they're three, but Palo Alto. I think if I had to pick four, it would be CrowdStrike, Zscaler, Okta, Palo Alto to watch over the next five to ten. Cloudfair I would put in as an honorable mention. But Palo Alto, they focus on protecting traffic into physical locations such as offices and data centers. Whatever, hearing about NVIDIA in terms of its growth, why is it growing? Because of the data center business. And so if they're focusing on data centers and offices and physical locations, you can see why protection there is going to be paramount over the next five, 10. Cause if Nvidia is doing it, you're going to see other semis in that space realize that, you know, we have to figure out how we capitalize on our data center development and the security around it. So I'm putting power out. So I'm actually going to put it at two. Yeah, I agree. Cause I would, the scaler and Fortinet. if I was on a dating show, I'd definitely pop the balloon on them. So, uh, Apollo, I like a lot better and wait till NVIDIA put some of this AI shit in the cloud in a couple of years and a couple of months. And man, it's getting competitive out here. It is getting competitive. Remember what you heard at first, the real wars. Yes. Put the AI in the cloud. It's going to be interesting. Do small cap stocks have a chance to perform well by the end of the year? What are the key factors to watch? Maybe, but I'm going to be very honest why invest in small cap stocks when the entire world has converged on a couple of sectors like stop anti-trend investing. Like there's two things you can do. You can either follow the trend or follow the sentiment or you can go against it. the best investors will find a contrarian idea, but contrarian is not the same as going opposite of trend. We've talked about the Russell 2000 before, but I've always stated big tech is the way to go. Hence, 2Tech, 2Index. So can you find a gem in the Russell 1000, Russell 2000? Sure. The Bovespa, maybe. But I think you're setting your money on fire if you're looking to find five or 15 companies in the Russell 2000 that are going to outpace what's happening in S&P and NASDAQ. So will it go up in aggregate? Yes. But I think we have a clear leader in the S&P. Nasdaq and then Dow. Those I would look at as alternative investments, if you will, because they're never going to be the leader. Yeah, it's tough. The economic factors have just not worked in its favor. So when you're talking about small cap stocks, and for those who are new to the show and may not have known what a small cap is requirement, so it has a market capitalization between $300 million and $2 billion. I mean, it's tough, right? When you pick the small cap, number one, they're volatile. And two, it's less likely to be profitable. So when you think about those two factors, volatile, less likely, that doesn't sound like something you should invest in. Can there be diamonds in there? Yes. But when you're talking about interest rates at the rate that they're at, does that help small cap businesses? Not as much, right? When interest rates are lower, it costs them less to do business. they thought there was going to be six rate cuts. That would have been an indicator to say, okay, these are some of the business you can invest in. And then AI, I mean, you need capital to, to participate in that space. So if you're growing your business and you got to have that as a capital expenditure, it makes it tough to grow your business. So will they rebound, uh, at some point? Yes. I don't know if it's by the end of this year because people are going to continuously invest in, in, the growth stocks and the tech companies that are making the money now. It's tough for me to tell somebody to say, Hey, go invest in one of the companies in a Russell when Nvidia is performing the way it is when TSM is performing, when a Qualcomm or Apple are performing. We can go to other sectors and it's just bigger winners. Exxon mobile. It looks like a tech stock and the Russell 2000 hasn't hit a new high since 21. It's tough. come on. Yeah. But those economic factors change, then that might be an opportunity to, to maybe look at some of the companies there. Yeah. But I can't name maybe 10 years that the Russell 2000 outpaced the S and P or NASDAQ and gains. Cause you didn't really like a way to offset your portfolio as a hedge. Right. But as a leading index to invest in, what would you say for a beginner investor would you even would you recommend that because i mean when people look at it number one they look at and say hey it's cheaper yeah and this is almost like when we tell people hey are you trying to hit the grand slam are you gonna go with the batting average that's the reason why it's cheaper and just because the price is lower doesn't mean the return will be higher i.e my competitors I hear you, but there's a reason why certain things cost because of value and the premium to the upside and the expectation of return or gains. I mean, I've traded the Russell 2000 on the future side for damn near eight, nine years. ES is a hell of a lot easier to trade as a result. And the companies in it are a lot more stable. Yep. And if you look at it, the S&P and NASDAQ have taken. has less volatility now and is giving you the returns that the Russell or the German Dax used to give you. That's why I say everybody on earth is your competition. For a long time, it was 7% to 12%, 15% if you get lucky. Now, VOO, VGT, SPY, they're giving you more gains than that with less drawdown and more buyers in. Yeah. Yeah. Hit the like button and share ladies and gentlemen. Okay. So with lumber futures on a significant decline, yields coming down and M2 money supply slowing decline, slowly declining, what should we expect in the next two years? Where are we finally facing a long term anticipated recession? I've been stating this forever. When they changed the definition of the recession, like if I shoot a three over Luca and they tell me it's a two-pointer, what can I do? Game's over. Game's rigged. This is another way that the market is permanently rigged to stay up. If you can change the rules, like I think that the lumber market will be fine. It went through a similar correction a couple of years ago. M2 Money Supply, I am concerned about there's less money circulating. But when you have now what they are calling a selective recession, and it's not a broad sweeping recession, which is another way to make the wealth gap wider and make the gap from rich and poor wider, what can you do? If they're changing the rules in front of you, you have to adjust to the rules accordingly. So I don't think we'll ever have a traditional recession over these next four or five years. You have to adjust your returns accordingly. Invest in Bitcoin, invest in Nvidia, invest in Apple, invest in Microsoft, you'll be good at the lumber market. If you're trading at the lumber futures, I would say you probably should go to another asset that may give you better gains. um and let's draw down look at crude as a result uh look at gold russ a future trade that but i don't i don't think they want us to have a traditional recession because if so it'll reveal too much and what's happening and i think it may set us back 10 or 15 years like that 2000 through 2010 period where we had a lost decade they don't want us to go through that again So they're trying, I think, to use every weapon in a toolbook and a tool belt to prevent us from being there, even though it's unfair. Yep. OK, so OK, so how can investors build confidence in trading or making stock purchases even after. The recession, even after even after thorough research and preparation. Real easy. Invest.com bring us back in together so we can have unity. join Red Panda and listen to the show. I had a couple people even say, hey, can you guys do something for kids coming out of college or it's our first year working? Marketmondays.com. I don't know what else to say. I wish I had a more eloquent answer. But a lot of the stuff, what happens is, I'm being honest, because we're black, you don't think that the sentiment and analysis on the stock is as great but then you look back two years and see that I was already talking about this, or Troy was already talking about this, or Rashad was, right? Just listen now. I think the big lesson from this episode is pay attention to what will pay you the most. So I know it's tough to build confidence, but the only way to build confidence is by doing the thing that you're afraid of. They'll never say it. I'll tell you. They work on InvestFest all year. And then a person like, whoa, they got celebrities there. Tim Cook, a fucking celebrity. No one say nothing about the developer conference. Eli's a celebrity. Jensen signed a girl titties at his conference. That's rockstar shit with a leather jacket. And then Kendrick got the nerve to pop out and love the jacket and the damn Nickerson gardens. What? No show up, get a pin, go to invest us, apply. Great. Apply what you learned there. Go do it. Apply what you learn from this show. If I've made you money, please. Will you be signing? I'm not. I'm not. Hold on. Let me see the voice. Somebody bring in, yo, we need the Sharpies. Somebody bring the Sharpies to it. That's right. Sometimes you got to pop out and say. You got to pop out and say. We alive, yo. Yeah, just apply what you're learning. Because guess what? Four years is going to pass by. and it's over with. It's going to be done. It's going to be done. That's the word, man. Execute. I think at any level, it's fine. I think if you buy one share, if you buy one contract, just do it. Go through the process. Get over the fear or the trepidation that you have going. Just do it and watch it and get comfortable with that. when it has an up day great when it has a down day great build your emotional intelligence build your financial stamp all those things are going to happen just read just start with one one that's it and then you can, that is how you build confidence, right? You're not going to learn how to do anything unless you can listen to us and watch us have returns and watch your friends have great returns, but you're not doing it. If you didn't open an account and you didn't hit the buy button and you didn't hit the X. It won't matter. It won't matter at all. Start with one, whether it's one share, one content. Just start with one piece of content. How many people we pass up just by not missing a show? I don't care if I go overseas. I'm going to pack up the lights, the NAN lights, camera. Be consistent. Look how many podcasters had an idea in 2020, and now there's not even a market for it. You're too late now. Adam 22 I've seen you in shambles boy you have one more shooting up there you're going to close that business I noticed you wasn't at the not like us gang convention why not a gang convention a celebration of the West a celebration of the sections yes unity was fire though beautiful i'd love to see you love to see you and when drake get to buy y'all publishing that shit don't be mad shout out tv gucci oh happy birthday to my god ty i know we are he got me on on uh hit me on the instagram story man yeah but it's like come on just just execute there's no like and the fear compounds when you don't take action we all know people that are brilliant, more talented, but you won't, you're like, man, maybe, you know, in a couple of weeks I'll do it. No, I'll do that shit now. Do it. Do it now. Yeah. It's crazy. Like there's, there's one part of it. There's a part of it. Once you execute it, it's, there's two feelings. It's like, wait, I should have did more. Or you know what? I still need to do more research before I do the next one. Yep. Right. So like, either way, you're going to learn from it. we've lost like i'm telling you right now i know he's undefeated i've i have lost i've lost yeah i we you learn from that right did you all the losses come from the losses you know what it feels like i've seen six six figure losses in a day what does that not a good feeling what does that do to you mentally do you walk away saying i'm never doing this again or do you say i would could i have made a mistake or is it just a was that's the real market saying all right this is a moment in time and how did you position yourself was that a short-term position is it long-term or do you have stocks all these things you'll learn it becomes part of the process when you enter the next position so all right well i know what happens i know what that feels like cool let's do it i'm ready who you think had a rougher your kathy wood or skip bayless uh i'm gonna go catholic yeah i'm gonna go yeah yeah yeah just on the fact that she sold a bunch of her nvidia shares alone talk backstage we'll talk about it one day but yeah i begged you not to yeah that just that alone and it is like doubling down on some other some other positions but that right there was She would have been a back-back boy. Yeah, yeah. They would have to reallocate the percentage inside of a lot of those funds. Absolutely. Yeah, yeah. That's a good lesson, too, on being hyper-focused and not having too many funds, not too many media properties, not too many businesses that divert from your core thing, too. Because I think if she focused on two funds, she would have done a hell of a lot better. Yeah, and we talked about XLK, but they reallocated. I think we put a post, but that reallocation, I mean, I couldn't have seen that happen three years ago where Apple was not the dominant allocation inside of a technology fund. It was them and Microsoft for the entire time. And now when you look at it, it's NVIDIA and it's Microsoft and Apple's down there 4.9 or 5%. It's like, whoa, that happened fast. Yeah. You're not performing at a high level, you get dropped. The title of the piece was RFK on a high level conversation. Shout out to Keys. Put up to the council on a horse. Sometimes you got to pop out. You got to pop out. Can you talk about the performance part of the brand too? Like these parts, like as the brand grows, it's not that we're becoming bougie or anything, but like there's showmanship elements to this. You can't be boring. Like I know some of y'all fellas get mad or somebody takes on blackout and all that. Bro, you can't be boring. Pay attention to what pays and works for you. trust me you may not like to talk about the babies man with the comments i do get about my honesty and if you come date me you know what you're walking into how do y'all be lying where do they submit the application instagram by october though Be my lover bag though. Be my lover bag. So now we're really training. Are we currently at the top of the market? And what indicators can investors use to navigate it? What I talked about in the presentation, the high and low for the month. You can also go over high and low for the quarter. Are we at the top of the market for S&P? Technically, yes. Still buy every month. We'll get a pullback. Great. We saw with Nvidia got to 140 and then it pulled back after all the hype of the split, which normally happens in the split homework assignment. After a company splits, what's the average percentage for tech companies? Do they drop? And then how long do they take to get to the all-time high? We went through this with Apple. We went through it with Tesla. I guess a good homework assignment. Are we at the top? Yep. Keep investing though. until this is my thing until you have 60 months of freedom keep investing you may not like the number i'd rather you have the 60 and hate me and saying it than saying only a year is good enough because if you have family that you love and take care of you'll go through a year worth of savings or assets just keeping everything normal you can't cut your way to growth you have to grow your way to growth you know Yeah, I think so. I think we're at the top of the mark for pretty much all the indexes. We saw the NASDAQ pull back, but Friday was quadruple witching, so a lot of contracts expired. A lot of people took profits, definitely in NVIDIA, when you saw it run up to 140 and now it's down under 120. People are going to take profit. Their contracts expired. I talked about the June 21. Well, June 21st happened. I had to take my money. I had to do something with the contract. The 20th was the high for the S&P. yeah so we had we had to do something um and so people took profit and so this this i mean i can't call it this slight pullback today expected there'll probably be more over the next couple weeks definitely inside the summer months so yeah we're here um but again pick your pick pick your your positions now pick your entry points now uh and be ready be ready and probably in two or three years we should be at 750 for us and people just crazy even think about Like at this pace. That's crazy. Yep. Qualcomm's up 78% for the year. What? Like, and to think about it, if NVIDIA was only up 78%, it would be a bad year for them. Just to give you context, like eight years ago, if a company got you 25%, you were a rock star on Wall Street. just hold for the long term. The only thing you can do is continue to hold your money for long periods of time. And that is what gives, and I go back to it. The bus family hasn't sold the Lakers. Mark Cuban just sold the Mavericks a part of it. After how long, how long has 50 been in entertainment? How long have you guys been doing it? How long have I been doing it? Like everyone who really has wealth, they hold on to that thing for 20 to 30 years. We're the only community that gets media arbitrage to us, to do things for a short period of time. how long has Elon had Tesla? Bezos was in Amazon. Hold on. How long? That'll tell you. You don't have to listen to me. Oprah ain't gave up Harpo yet. There's a reason why. Hold for the long term. Yeah. I think Bezos did almost 30 now, right? Yeah. And look happier than ever. Then it's after giving up a bunch of money to the ex. What? He look happier now. She's, she decided just to give it away. Man, if we get divorced and you just give my shit away, give it back to me. Give it away to me. These are just jokes. Whatever choice you made is hers. Run it back. Run it back. Who knows? Yes. Landed me at the highest level. Yep. What's your thoughts on it versus moving to X? I wanted to ask you guys. Shout out to Tim. Shout out to Swiss. But I wanted to ask you, what do you think? Was it a good move to move it to? I didn't like it was announced on Juneteenth, but I was proud of that. What do you think? It was interesting because as this deal was happening, it's crazy. I think you had just text that you just saw him, Elon. And maybe an hour later, I was talking to his business partners. I was talking to Swiss's business partners. Shout out to Mo, shout out to Spade. And I'm like, wait. we're having this conversation about business, about business, and this deal is happening. And they're like, yeah, we're just here for business. They never tell me that this is happening. Spivey. And I'm sitting there like, all right, this is cool. How are we going to do some stuff in the future? Talking about some things. And the minute I left them, I go to Instagram, and I looked, and they announced this deal. And I'm like, wow. Yeah. I saw him later that night. He's like, I wanted to tell you. I just didn't know how. And then he started telling me about some of the ideas and some of the vision that they have going forward. gave a little bit more clay. We can't speak on some of those things, but ownership was key to them, and 100% ownership was key to them. And I think with this, the new deal has structured them and put them in position to have some of that back. Saw Tim spoke to him. He was super excited about it. So there's some stuff coming very soon from them on that platform. Shout out to Timbo. Shout out to Swiss. Yeah, it's going to be interesting. I saw Elon Musk in Cannes at the festival. And yeah, we're talking to Moe. Saw Swiss and Tim when they were there as well. But there's a negative backlash, I'll tell you that much. So I think that they have to explain it. They just have to kind of explain it to the audience. You know, why they decided to work with Elon Musk, why they went to X. communication, I think, is key. So they announced it. Now they have to kind of go through the back channels of actually explaining it to the audience, because if nobody watches it, then it's not going to work. Are people fake mad, though? I hear everybody be mad about working with colonizers, quote-unquote, but then y'all won't open up a fan-based account. Then y'all want to ask me what I think of another analyst. Y'all ain't fucking with me. Stop it, bro. Okay. Y'all open up a fan base account yet? No. That sounds good, but then y'all won't support a black creator in the space, and then y'all watch them take all Isaac's ideas and put it on their platform. But what do I know? Yeah. Yeah. So, yeah, I mean, it's going to be interesting to see, you know, but definitely something I think, you know, communication is important for sure. So we'll see. What's the difference between them doing that and Kendrick putting Drake's burial on Amazon? Shout out to the boy. I think the difference is that Elon Musk, like if it was if it was Amazon Prime or Netflix or Apple TV, I don't think it would have got the pushback. I think Elon Musk has a history of saying racist things and he's doubled down on them repeatedly. So, you know, I think that that's the reason why it was such negative pushback is because specifically. Elon Musk is a person that's very divisive and a lot of, a lot of black people don't, don't like him, don't agree with him. Don't think that he's been for black people ever. Um, so I think that's, that's the reason why, like I said, if it was on any other platform, I don't think they would have got backlash like that. Yeah. Yeah. Communication part is going to be key. the way they have that communication is going to be key as well. They could have put on True Social and really shook up the internet. And then the crazy part, if they were to charge $50 a month for each versus, that would have been backlash too. But they came to cons to do the deal. Once again, this is something that just highlights my point even more. They travel to Europe. to get the deal done in person at a business festival, conference, whatever you want to call it. Elon Musk was there at a panel discussion. I saw him when Carmelo was speaking. He walked through the crowd. I saw it. See, celebrity, right? Huh? He's a celebrity? Oh yeah, of course. A-list celebrity. So, um... All y'all wanna do is have celebrities there. And they had the D-Nice party. They had the D-Nice party. Kenny Burns. Club Quarantine. Kenny Burns, D-Nice. Yo, what's back? Like I said, I saw gigs performing at Davos. That's right. That is a fact. Mm-hmm. Yeah, Lativa was there. I mean, everybody was there, man. Everybody was there. Everybody was there. And everybody came from something. It was like, it wasn't like, oh, we were just chilling on the beach. They're like, no, I came from this panel, or I was speaking at this panel, or I have this meeting, or y'all should come with me here, right? And then sometimes you just walk into a spot, somebody recognizing you, and you're like, sit down. That ends up being an hour meeting in itself about how you can build and work together in the future. I mean, the thing about investors also is that it's like, you know, when these things get put together like cons or Davos, you know, This is a hundred million dollar budget that every corporation in the world takes part in from Amazon to Uber. They all have activations. They spend millions of dollars. All these billionaires come and stuff like that. So for us to really do it with no corporate sponsor relatively and to have that level as far as the billionaires, the celebrities, the people turn out. I mean, it's practically impossible. And especially for people that you actually, like, you know, there's a good chance that you could really see us. Like, you're not really going to see Elon Musk. That's almost impossible. But you're probably going to see us somewhere, somewhere down the line at a restaurant, at a basketball game, gas station. There's a good probability. RY's Club somewhere. There's a good probability that you're going to see us. So it's like, you know. sometimes we just kind of get lost. 19 keys. I said this before, like sometimes like when you do things at a consecutive, when you're too consistent, it's not appreciated. And it's like, um, you know, that's another part of it as well. It's just like from an inspirational, motivational standpoint, but just also from like, yo, this is real. Like this rolling loud is not run by black people. We don't even know the guys that run roll out. Coachella is not run by black people. We don't, we don't know the guys that run Coachella Davos and, and cons forget about that. Right. Um, so it's like, you don't even know to be honest with you. I know the person, but you don't know the people that run essence fest. You don't know people that run essence. You can walk, walk right past you. You wouldn't know who they were. Like, you know, us. Yeah. Watched it. Right. And this is, this is on level on par. And, um, um, you actually know us. You might actually have a good chance of having a conversation with us. We're doing business. If you come prepared, bring your pitch decks. Yeah. Don't tell me you'll email it to me Tuesday. No, bring it to me. Yeah. So, like I said, I mean, you know, we're working on the line. We're working on the sound, but, um, I mean, sometimes in life, you just gotta put things in perspective, right? It's like, um, it should really be celebrated. on multiple different levels because it's like this, if we're able to do it, then that means that there's a possibility that you could do it. Yep. And like I said, these other people, not only are they not from your culture, you don't know them, but they're not giving you the blueprint. You're not watching them. You're not seeing the inner workings of how this is actually happening. They're not actually telling you when they make an announcement, the person that they said, like we told you, Terrence J made the connection star. We sat down. You're never going to hear this information from people that rolling loud. you ever heard it? You ever heard how they got Kanye West? How they got yay this year? I don't know how they got him. You know how they got him? Nope. You ever heard about how, how Beyonce got, how Coachella got Beyonce? You ever heard that story? Broken down? Nope. I've never heard of it before. I don't know owners of Coachella. I've never seen them before. They're not going to tell you how they got Beyonce. Why would they tell you how they got Beyonce? So you can try to do it yourself? Yep, because most business secrets are supposed to be... That's why I hate when people are gatekeeping. I'm like, no, I give all my information away for free at scale first. What? How are we gatekeeping? We walked you through the process on how we got Tyler Perry, Steve Harvey. Every single person, Rich Paul, Maverick Carter, you name it. We sat down and we've had at least 20 to 30 minute conversations with you. And we did an interview with Dave Shands and we actually explained the whole entire blueprint of how to run a festival. Which is crazy. You're welcome. No, nobody, nobody, nobody else is going to do that. Yep. But you gotta want the workload that comes with it. Everybody wants to be on TV in the finals, but you may not want them two days, three days in the summer. Love the work. Love the work that comes with it. I know y'all won't say it. I don't know how y'all work on this all year. For real. Tune in to this over next week. Three days break back to planning for next year. What? okay and that's one vertical yes that's one thing so yep the work never stops so we're not can i get the house of dragons dragon and uh you watched last night i missed it i gotta watch it when we're done yeah it was a good one it was a good one gotcha 50 what are you interested to hear 50 talk about um how he built up that power universe. But most important, like we, I heard some of the stories about how he overcame adversity. People don't know. Like it's a miracle. He's alive. Let alone a business mogul. Just even how you move around here in Houston, that people know he ain't having to play with. Don't get extorted. Mind his business. what did he tell you? I don't want a problem, but if it's a problem, I'll have no problem. No problem. I've seen that too. Shout out to Kiotti. I'm like, oh, really a monster, like no security? Whatever. So we was having a conversation, and he said, he was like, you know, I don't... I don't want a problem, but if it's a problem, then it's no problem. And he was, he told me specifically, he was like, look, avoid all problems. He was like, cause nine times out of 10, it's not worth it. Somebody step on your tooth. He's like, cause when you, when you destroy 48 laws of power. he's telling me this. He's like, 48 laws of power, which I read the book, I already knew it, but he's telling me, like, 48 laws of power, you gotta destroy, you destroy completely. But when you destroy completely, like, you know, there's ramifications that come with that, right? It's issues, it takes a long time, it takes money, you gotta be prepared. You gotta be prepared to go to that extent. He's like, nine times out of ten, it's not even worth it. So, don't even engage in it. Because it's not worth it if you're not gonna go all the way to that extent. Right? but if you engage in it, it's going to that extent. And he's prepared. He's been prepared. to go to that extent. Like he's been prepared to go to that extent. Yeah. And that comes from his upbringing, right? Like you said, getting shot nine times, having, getting damn near killed, coming back for life. That'll change your perspective on things. And career wise, like even after Prem and Jimmy, then fucking Jimmy Iveen. throws the book at him over SMS audio and tries to kill his career. How the hell you survive that? And you're in the building. Then you go to stars and start, you make stars popular. Yeah. He told me part of that story. Like they didn't see power as that. Then you build up the valuation of stars and they want to undercut you. but I mean, he's been strategic about it. Like we gave Steve Hardy a lot of credit for being on multiple networks at the same time. Yep. I don't think he gets the credit for being on multiple networks at the same time. At one point he was on ABC. Yeah. And that was really good. Yep. And then he had the, the, the stars universe. And even now, if you look what he's done, he has a premier on, on Peacock. with the TikTok murderers. But nobody's looking at that business. Like, wait, he's on multiple nerds at the same time with different IP. And he's doing it, like, at a very high level. Dude is, I mean, it's safe to say that this is one of a kind type of dudes, man. He also say, like, yo, look, man. Like, he's like, yo, I'm from 134th Street, bro. Like, I had to walk to school, like, getting jumped every day. Like, I had to go through, like... I'm mentally prepared for anything. He's like, I'm not scared of none. Like, he's like, I really went to war. He's the people I went to war with were the people that you don't pick a fight with. He's like, everybody that I went to war was in jail for life. And they were not to be played with. He was like, so it ain't no problem. The industry, it can never be an industry problem. Like this is real problems that I survived, but that mindset also. is the ability to never lose. So it's like, all right, music, music, not moving. All right, we're going to do film. Film, we're going to write a book. We're going to invest in vitamin water. Like video game, like all that. Liquor. They about to bring the clothes. They about to bring the sneakers back. He's in a lawsuit right now with the liquor company. That's why he was in Congress. So he definitely wants to talk about that. Yes, yes. He definitely wants to talk about that as far as, you know, the issues that he had with that liquor brand. We talk about ownership again. Back to your word, man. And let's not forget this, man. Let's not all year. I mean this let's not forget this you remember what it felt like when you heard this sort of person One of greatest albums all time. Oh, can we get a sound effect? Can we get the sound effect Mike put the sound effect of? the mini-man the beginning of many many Oh Yeah, I need that sound effect I'll Change the game man went and get Richard I try came out. I Was in prep school And that's all he was listening to. Get Richard Dodd trying 10 million 10 million records sold out the gate Going crazy. I remember I was a IUP IMP came on then I went to the J him and Jay concert like I was there Building a brand like oh They both read box at the time Entrepreneurs and one of greatest black entrepreneurs all time Yeah, I doubt he's almost like in that Kanye Lane where he's like done greater music and then two other industries after that's hard to do man, yeah, I was I was saying Stout told us the story behind that commercial that they shot, that Rerock commercial where they freestyling in the studio. Oh, yeah, yeah, yeah. Yeah, that's very tough, man. Queens get the money. Man, we did it again, man. We did it again. We want to thank you guys for your support. We wouldn't be here without you. Man. You know what? The support, but they trust too. they trust us to deliver each time. And so it feels, but we, we, but not, they do. Right. They, they, they just know that it's going to happen. Right. They see us somewhere. They expect something is going to come with being in a place. So thank you for your trust. Not only with that, but also the information, right. Cause you can go anywhere, but y'all come here faithfully to, to hear from us. And I'm going to speak on our behalf. Like we greatly appreciate that. To get perspective. How long did it take to lock this in? Five years. Four years. So this is the... Easily. I'm glad you asked that question. This took four years because we actually tried to get them for the first InvestFest that we ever did. And remember, we had that conversation in New York. Y'all were like, hey, we can pay. He's like, yeah, yeah, yeah. Yeah, yeah, yeah. See? That's a fact. We tried to get them for the first InvestFest we ever did. That didn't work. And then every year since, we've tried different people, a booking agent, through a manager, through a different friend, introduced one person to another person to another person. So that's one of these. You tried at Madison Square, didn't you? We never even saw him. I never even met him. I saw him before, but I never met him. I never met. 50 until two weeks ago when we met him in Miami. So last year, last year we were close. We, we had, we had, we had went to Houston to try to meet with him. We met. Yeah. He was supposed to connect me. They had announced that he was about to do the world tour, 118 shows. Yeah. So this took four years. This literally, this literally, this literally took four years from start to where we are now. So that's a fact. That's an actual fact. So yeah, it's never overnight. These type of things, it's like planting a tree. Like, you know, like it takes years and you got to constantly, you know, water it, stay in tune, see what's going on, you know. yeah yeah sometimes they just want to see are you going to be around and when the time is right be ready when the time is right so that's another thing like terrence you know called star and then we supposed to have dinner with fifth and my son actually had a au tournament in boston so i didn't want to miss the tournament so i'm like damn i don't know if i'll be able to make it but then i'm like yo pretty important we got to make this happen so book the flight Was in Miami for a couple of hours, and then I had to drive to Fort Lauderdale to get the 6 a.m. flight to Boston. Shout out to my cousin, Ray, picked me up from the airport. Literally went straight from the airport, only a carry-on bag because I didn't have enough time to check the luggage. And then I got to the game like five minutes into the game. But sometimes in life, you don't get second opportunities. That was good. It was there. Yeah. It was there. Sometimes you don't get a second opportunity. So when you have an opportunity like that, sometimes you got to figure it out. Yeah. Yeah, you made it happen. I've been excited about this for a minute. Cannot wait. Legendary conversation. It's going to be. And he ready. He ready. And it's going to be packed. Get there early. Get your ticket. Get your seat. Sit down. early because that room is going to be crazy. The energy is going to be crazy. You know he's entertaining. I don't got to talk about that. You know you're going to say something crazy. That's a given. And I got a feeling he's going to light the fire. I know he's going to interact with people. I just got a good feeling about this. He likes these moments. I have a feeling that he likes these moments. and uh he gonna like that situation he gonna like that stage up and he got some things he want to talk about his business acumen what he's doing in Shreveport right now is crazy it's insane he's a market maker for Shreveport yeah It's like getting on in ground floor in the video eight years ago. Really? The blueprint's been set. Now you're just like, all right, well, I've seen it once. Now I can make it happen on my own. Yeah. And you talk about started from the bottom. Like, I remember 50 opened up for the for the Rough Ride of Cash money tour. The opening act. Back in. Yeah. I was 99. No, 2000. With. Yeah. Like, so you're talking about this is the underdog, right? This is somebody who's who's off the corner. Right. doesn't have parents. Keep in mind, he didn't have parents. He never met his father, and his mom died when he was a kid. So he's raised by his grandparents in a house. He told us this story. Raised by grandparents in a house with nine people. South side, Jamaica, Queens. During the crack epidemic. comes up the ranks hustle hard and 19 I brought a Benz I did like really like like a street a street do before anything gets gets dropped from his record label gets shot I think it was tough to get shot nine times which actually altered his voice which actually changed him because I was listening to 50 before before he got shot so if you listen to his music before he got shot after he got shot you realize that he got a slur he talks with a slur yeah so um it's crazy because it's like he gets shot nine times, has everybody against them. People, you know, there's a lot of pressure to not sign 50. He's seen as like the troublemaker goes underground, goes underground. creates a mixtape formula where they take other people's songs and he starts singing on hooks and he creates his own musical genre where he's singing. And, you know, it's like a rhythmic gangster type of vibe. Yeah. And he comes out with consistency and Dan Wankster comes out and then nothing was the same. He signs to shady aftermath in the club pops off. 10 million records sold. The rest is history. Genial records, books, world tour, movies, shows. He's never stopped. He's never slowed down since. Once he got in, he never slowed down. But I think people forget that because he's been on top for so long. I think they forget he was literally the underdog. When they say the underdog's on top, really came from the bottom, like the bottom. So it was like his, his perspective on how to hustle business instincts, how to move, how to reinvent yourself, marketing season, a moment branding. I mean, that's, that's a masterclass. Like, you know, that's a masterclass. Like very few people have that, have that level of perspective on it. He made the next state market pop. I remember like I was at IU. my homeboys from Jersey and New York were bringing the mixtapes back and selling them for $50 a piece, $30 a piece. He got so hot that the hottest rapper at the time had to mention him. Before Jay says, I'm about a dollar, who the f*** is 50 Cent? That moment, there goes my moment. Now, that's drop non-stop. He really hasn't stopped. That's the beautiful part. tore off the residuals. You don't have to put out any new music. The business is alone or something, but his catalog is so strong inside of music that he can do 138 shows, domestic and international. Good luck trying to do that. Queens get the money in Atlanta, Georgia. We held you down four summers there. Mm-hmm. Where's the love? Plac. Where's the love? Plac. Where's the love, man? Plac. It's there. from like the elected officials and all that but shout out to the they don't see it until too late the people I know a city that may see it though I got a couple hey man tell the guy held you down for a summer's day made by the people for the people alright ladies and gentlemen I'm excited about this one I can't lie investfest.com it's been real yes Okay. That's it. That's a good book. Who? Huh? The 50th Law? That's a fact. Write that book. Good one. With Robert Green. We got three earnings reports this week that you might want to pay attention to. FedEx will be reporting tomorrow. We got Micron reporting on Thursday. And then let's see what Nike does on Friday. They've had some tough quarters. Let's see what they do. pop the balloon on Nike for right now. And don't forget to vote. Don't forget to vote. Shout out to William Wagstaff. He's running for district attorney. We had him on the program. Jamal Bowman, he's running for re-election in his congressional seat. This is all tomorrow, at least where we live, but I think that there's elections all over, primary elections. don't forget to vote. The political process is very important for sure. The most expensive campaign in the history of a congressional seat. Right here. Trying to take them off. Every six minutes is that. They're trying to take them off for this. All right, ladies and gentlemen, it's been real. Watch Blackout at 10 o'clock Eastern Standard Time on Wednesday. We're going to have some spicy topics per usual. Oh, whoa, whoa, whoa. I can't go. I can't go. I don't know. Thursday is my daughter's birthday. Happy birthday, Jordan. I officially now have a teenager, which is like unbelievable. Yeah, yeah. But she's been doing great in school. She's been doing, her friend group is crazy. She's, I think she might got a boyfriend. I gotta, I gotta, I gotta talk to her about that. I'm not really sure. Oh, I got AR can ship you right now. You need it? Yeah, yeah, yeah, yeah, yeah, yeah, yeah. I gotta meet them. I gotta meet, I don't know. I gotta, I heard a conversation with a friend that they might be, she might be interested in the boy. So we got, I gotta do my research on this, but have a happy birthday. And daddy loves you. My firstborn. I'm a father of a teenager. wow that's crazy happy birthday happy birthday joy i will be sending you a cash app happy birthday yeah sure god bless all right ladies and gentlemen it's been real tapping we'll see you guys tomorrow for our leisure wednesday we'll see you every day um LA will be out there this weekend. Yes. It's your boy. Shout out to DJ Ed and all of the members out there. Y'all are still going to be crip walking after this video drops, I'm sure, for at least six months. Oh, man. That's the anthem. That's the anthem. That's the West Coast. That's like the new California love. I told Stick when I heard. When I heard, I called him that night. I said, this is going to be bigger than in a month, bro. I'm just like the way that this feels like this is gonna be bigger bro. Blasphemy. I think I mean I told him that because of what what's happening now. Like this is their moment. This is their anthem. He shot a video for it. I was like, damn. It's the anthem. Nas never shot a video for Aether. Jay never shot a video for TakeOver. Mostly, he's never seen a visual for it. Hit Em Up started as a visual. Hit Em Up was a visual. I've said that. Yeah. It started as a visual. But there wasn't a chant that felt like... anti-whatever, right? They're not like, the chant alone. Drake, hold your, Drake, hold your, Drake, call my phone. Hold your hand, my boy. Nah, you know that's my guy. What? Call my phone. I got some ideas for you. Call my phone. I want, shout out to the Six, shout out to Brampton. You, shout out to Brampton for real, boy. I want, I want to ask you this. I mean, you can try to answer this. Shout out to Brampton. Two years ago, we were in L.A. And we had a conversation. It was you, myself, Keys, Ka. and I told y'all that this dude is cultured. I want to know what y'all think about the statements that y'all made that day. Would you like to retract? No, I don't want to retract. I want to see what he put out after this, after he get it off his drink. Is this a rebrand or what? Shout out to Kendrick. Fire. You're standing on it. He did what he's supposed to do. We just got to see what happens after this. And my thing also, too, would he have been able to do it if it wasn't 700 people backing it, too? they conspired yo shout out Drake call my phone bro I'm with you before you drop the next record just let them have this moment don't drop a record let them have it let them have it summer bank about to come out in about a week summer league the videos coming it's just too much momentum just let the video go let it do it's 100 to 200 million views whatever it's going to do you and then let's gear up for October. Like, that's the month. October's very young. Shout out to the West. Please give something for us by Caravana, and then October, let's come back in there. Get this thing going. Yeah, I got to tap in with the guys, man. Yeah, shout out to the boy. All right, it's been real, ladies and gentlemen.