Earnings Season - Earnings Season: Episode 6 - The "Missing" Episode

Episode Date: September 18, 2019

This week Randy (@RTRowe) drops an old “hidden” episode; the very first Earnings Season. He and Danhai (@HDanhai) speak about their first investment and whole lot more including; the first GRWR Workshop, Value, Why Invest, The JSE’s Growth in Popularity, What they look for when picking a stock. Check out the show notes for a few more details and follow us on Twitter at @Earnings_Season. #GRWR Workshop Info - http://bit.ly/2krtU4D #GRWR Workshop Signup - http://bit.ly/2kHh2ri Mayberry’s Website - https://www.mayberryinv.com/ Cable & Wireless’ Exit - http://bit.ly/2kk6uOm JMMB’s Signup Link - http://bit.ly/2kmszMg Interpreting Ben Bernanke - http://bit.ly/2kTntau Lasco’s iCool - http://bit.ly/2kIjxtp Sagicor’s XFund Playa Hit - http://bit.ly/2moWRPe Sagicor’s XFund Playa ReOrg - http://bit.ly/2ktDPqo Jamaica Broiler's Haiti Ops - http://bit.ly/2lYvbAr Shoutout list: @DrePigglesworth, @KSBoswell, @5Solae, @MarcGayle, @MartinPagon, @JamPodNetwork @EveryMickle ★ Support this podcast ★

Hi guys, welcome to Earnings Season, the podcast from everymickle.com. I'm Randy Rowe at RTRowe on Twitter, and as you can hear, there is no Danai this week. We're just going to get our schedules to sync up. I'm traveling, I'm overseas, and Danai is, I'm sure, on that mountain of work. I'm recording this the day that QWI, the QWI IPO has closed. So I'm sure things are a little hectic. But we didn't want to leave you guys out, especially because of the really, really good episode that we had last week with Ran. You know, the conversation with Ran, 5Sally on Twitter.

Thank you again, Ran, for coming through and having a really, really good conversation with us. In the middle of that conversation, you're just thinking, yeah, this is a really good conversation. This is the kind of content that I like putting out and I want to put out you know so i was really happy about that and i said it to the guys after we'd finished recording and i figured once it went out to the public we'd hear a lot of the same things so said so done the response has been strong it's actually on track to become our most popular episode ever so we really couldn't get a nice little boost like that and then just leave it alone so we decided that we wanted to give you this week a little bit of a hidden episode i know it's hidden and i'm doing air quotes here because some of you might have heard it before it's actually our pilot episode but we have never put up on this stream it's a

very first recording with myself and danai when i I said to him, I mean, for some context, I said to him, you know, let's do this podcast. I have this podcast idea. I think you'd be great as a co-host. You want to do it with me? He's like, yeah, you know, let's do it. So we went and we had a really good conversation also. And you can hear the passion coming through.

You can also hear the rough start of the podcast, meaning we didn't even have a name yet. We were joking. We're talking back and forth. You can also hear at some point in the background you hear bam from bam production studios kind of guiding us to ensure that you know the quality of the thing is good and you know we don't do too much we don't do too little so it's a really nice early look at how we started uh give it a listen let's know what you think i think you can hear a lot of the passion coming through say may you hear the good stuff

because i mean this isn't new. This isn't necessarily new. It's new that people are putting it out to the public. And we're really happy. Myself, I can speak for Dana in this case. We're really happy that we're bringing it to the public. So people can hear more of these sort of conversations. And they can also get a lot of the learning that we weren't getting before. So we're always happy to bring that to you guys.

Give us a listen. Tell us what you think. Tell us if you like it us if you like it if you hate it if you don't like it if you do love it if you want to hear danai speak more a lot of people have told me that and he does speak a lot in this conversation and we usually do speak a lot more i've heard it enough though that i've said it to him and i'm sure you guys will hear more of what you hear today coming up from danai um let me know what you think you can give us some feedback on twitter that's the easiest page you can go to the official podcast page for this podcast today coming up from Danai. Let me know what you think. You can give us some feedback on Twitter.

That's the easiest page. You can go to the official podcast page for this podcast on Twitter at earnings underscore season. I'll say that again. At earnings underscore season. Give us a feedback. Or of course, you can give it directly to Danai

if you want or myself. You can at me. You can DM me, whatever. You can email me. It all works. If you even want, you can at me you can dm me whatever you can email me it all works if you even want you can go earnings at evermicle.com email it if you really have to get it to us but we want to hear it we want the feedback we crave the feedback and we use it constantly to make a better product so thank you for the people who've given feedback before and thanks in advance to the people who are going to send more we'll be back next week of course with more fresh episodes and we will be doing our best

to ensure that we keep our schedules working for you guys but in the meantime check this episode out it is the pilot episode of earning season long before it was even called earning season give it a listen. All right, so on the very first podcast, we're trying to figure out what to actually do. Then I had asked me on the way here, what exactly should we actually get done? I thought that maybe it'd be good if we were coming fresh off my first event,

Grow Rich with Randy, the Grower event, which is called grow which you grant which is a name out honest to you that do not like I don't I don't like the pressure of it I don't like how it sounds but I have to admit that it's a great idea when I mark when I'm marketing idea really hits you know it immediately I'm sure Toto and if I can say who it is what is that it's a natural marketing genius I think who works for a very successful financial institution in Jamaica. And they had an internal event just for their staff and they invited me to speak to staff of a specific department.

And they invited staff by saying, grow Richie Brandy. And I saw it and I was like, grower. I like that to be there. And I said, Jesus Christ, why are you putting this kind of pressure on me? I mean, if it proves true, you're good. Yeah, but it's constant pressure. Every day somebody finds out about it and every day that person expects it. It only needs one person to get it around.

But it was a good event. I say so myself. I speak to you here not having not yet sent out the surveys that I'm supposed to. I'm sending out right after I'm finished with this. But I can tell you from anecdotal feedback coming from the people who went that they loved it. We had some hiccups. I deliberately kept it very small at the start. I wanted to keep the personal touch. Also, you know, you want to give people a really good event. You want to give them as much as you can. And I believe, like, I know what I know.

I know what I can do. I can guarantee my knowledge on the content. But there's so much else I can go wrong that it's important for me to ensure that I kept a small group of people so that what I bring to the table could be enough just in case anything else went wrong. And that's what happened. We had a little bit of um venue issues and i thought it was good you know if it's if somebody starts small and damage control then you know how to scale properly afterwards well yeah perfect exactly so i thought damage control was necessary but not that there are things that need to be fixed and there are things that will be fixed for the

next one um but i'll give you an example. After we started and things were going for the first week, I said to everybody, just at the start, I know that things have kind of gone on. But Rocky, in terms of the circle, you had to wait on somebody to exit the room. Somebody went overtime. So we used that space and somebody was using the space ahead of us. The usual Jamaican. And then they come out, of course, the people.

I did a co-working jamaica um and it's that's a long lady musgrave road and i hadn't used it i've stayed there before i've done meetings before but it's the first i did an an event there and somebody else obviously was using the space before us it was booked closely i can't blame them for that that's me i booked i booked the event way in advance and she warned me that it might be something i thought okay yeah point is gotten late offered everybody um i said to them i know we had a rough start so i'll give everybody a thousand dollars back right now or or i will give everybody what i think is a great start and we put my money in so your choice and everybody said no they'd rather hear what i think right which is funny i joked to him i said you

know i hope everybody had to show me especially later on show me how much they really believed in what i was bringing or what i cared about and it's funny because if they're taking the refund i would have probably still told you that was good but but you know it's funny because if they're taking the refund, I would have probably still told you. I thought it was good, but it's value. And I know they learned a lot about value. I really like the event. So people see more of it. People will hear a lot more about it coming up. But I'm happy.

So coming off that. And it's a great event, I think, to bring somebody in who doesn't know a lot about stocks or is just learning about stocks. And trust me, a lot of those, I keep hearing. Even where I work, I keep hearing people coming in. They don't know what they're doing. No, they're starting. And even on Twitter, I get a lot of messages. Either I heard about the stock market or I heard somebody else just now speak about it.

What is investing? What is the stock market? I need to learn. And I think this is a good one for people to get into it. Yeah. And if I said it it before i'll say it again so this is the night then i can i say where you work or you should we shouldn't say where you were you can say that's fine okay so then it does work for then i does work for uh a broker who i consider to be one of the best brokers i'm biased in that though but they are one of the best brokers. I'm biased in that though.

But they are one of the best brokers in Jamaica. And they are Mayberry run by the Berry Brothers. Which is why I come to them the best. Yeah, run by the Berry Brothers who I am a proper fan of. Same here.

Like an OG fan. I'm thinking about that because some people care about football stars and so on. That's why I really rate him I talk to people and they think I know they know them

they're like oh you know Chris Berry man so I tell you I never met the man don't know him I literally just pay attention to the stock market and if you pay attention

to the stock market you will see Chris you will see Chris's footprint in the market and trust me it's a very big footprint I have made a lot of money by

just by walking with him paying attention to what i think his footprints are and paying and following it so if you're hearing this mr berry thank you very much and thank you sir i'm just downstairs please don't get me trouble he's like he's a great employee he's one of the great employees big up my big up my personal um rep at maybe i should also uh duwayne dwayne yeah doing your top top top top rep um for the people who always ask me who i think is one of the best brokers who i think is a good broker there you go a good broker is mayberry i'll admit mayberry is not made up for the poor man i snuck in i'll tell you how to sneak in

a little while but um it's not made for the poor man it is a million dollars to open an account at Mayberry. So, you probably can just get in but you can tell

that if you pay a million dollars for something, there is a service that goes along with that and they do have the service that goes along with that.

And working there, seeing the market and coming from somewhere else, I've never seen a team work so hard to deliver value. That's right.

You're paying a million dollars for something. Performance appraisal coming up. That's right. Please give him a good grade. But seriously though, I can tell that the team works well together. I don't complain about them. But I tend not to talk about them as much on Twitter

because I know they're not for everybody. But they have recently been for everybody. What they did with the Wigtown thing was a big, big deal. What they did with MJE last year, where they had a millennial pool, a big, big, big, big deal. I like when I see a company pay attention to that.

And people, a lot of people ask me about that. A lot of people. That was, I think, a part, a start of the almost extra pull that um i started to see from the stock market going into bringing the young people yeah bringing the young people bringing which is where this is where the market is that's where the country is but that's the we'll have to start somewhere and that's what's happening and even for a week down most people they speak about the inclusiveness for the ipo in general but maybe you've had a margin for a million people so yeah and for people who

don't know some margin is like uh a loan it's called a margin loan it's essentially they will lend you the money to invest to invest yeah um and they had that for so if you're under 30 30 and under they would lend you the money so how much was the terms I'm not sure I think it was up to I think was off the money putting in so they give you a hundred percent a cash for the whoa you going so if I put in our 200 grand you can hear it's pretty good maybe God I'm gonna do a really really really good job there I remember I had looked up the numbers here and I see or young Jamie or young had looked up the numbers here and i see or young jamie or young jimmy actually brought the numbers for the mayberry ipo not the not that one maybe jamaica equities

we put in mje mj is a ticker as you tell people you don't know ticker ticker is like the nickname for stocks mj is mayberry jamaica equities you look on the stock exchanges website that's what you look for i know weakton had what had, what was the thing that pulled people? 31,000 applicants. 31,000 applicants, four times bigger than Wisinco, which was a huge one also. Crazy. Yeah. And 12,000 new people came to the market. Yo, let me give you an example of how big 12,000 people is in terms of the market.

I don't think in 20, i don't think in 20 i don't think in 2015 there's some months there aren't 12 000 trades there's a lot of trades and jc they have put out some there's something in the newspaper some time ago about 200 000 accounts and trust me not half of those aren't active yeah but 12 000 people add into that so so if i say halfway are active and 12 12 000 people coming on that's so if i say how many are active and 12 12 000 people coming on that's 10 percent of the people yes a major major major major market which is why i'm doing stuff like this after years of talking talking talking on twitter i know you have been talking talking talking in the ears on youtube but the point is i think that now is the time where

people are paying attention to it and young people especially in wigton 50 of the people are below 40 especially in Wigton, 50% of the people are below 40, which is funny because in Jamaica, 50% of the people are below 40. More than 50% of the people. Representative of the population. I want it below 32. I could be wrong, but I want it below 30, definitely below 40.

Could you answer the age-old question of why exactly should people invest? Hmm, we're not going to go into that yet, but thank you, Bam. So, Sir Bam, a great question. Why do people invest? People who came to my thing on Saturated have heard me talk about it. I give them a little spiel. I tell the people because I start off the whole thing talking specifically about money. Because investing, in Jamaica, we separate investment from money or from life. For some reason, we treat it as if it's something else.

But you have to remember, the start of it is money. In fact, I start people off with value. So money only has one use, I say. But I'll ask you Bam, what do you think the value of money is? To acquire things. Yeah, well that's kind of it right yeah so I say so I it's personal but I said that money only has one use and it on you can only invest it as literally all you can do in when you buy a people anybody a loaf of bread the

bread costs I know much bread cost to $200 follow for bread don't look really bad if I don't know I'm sorry I don't eat that much bread I'm sorry I don't eat that much bread It's supposed to be healthy I try to be healthy But let's say A loaf of bread is $200 Right?

Or $300 What you're saying is that I am investing $300 Into getting A loaf of bread That will taste How I expect it to taste Right?

That matches my mind of Good bread, right? That matches my mind of good bread, right? And so sometimes maybe you spend the $300 and you get more. Like it tastes really, really good. Oh, so actually I use a great example. You ever go Burger King, I should probably use it in case I use it again. I don't care. I'll sing over tune. You go Burger King, you order onion rings and you get fries in it mm-hmm suddenly it's like if you're you know I win win I got all the rings are that person who fries I'm winning as literally so if you imagine if the food the donor is cost for two bills two three hundred dollars okay two

things cost 250 right and you you get fries with it. You feel like, yo, I have gotten more than $250,000. That's worth it. And that's all investment is. Finding something that you're buying at cost that in the future is going to give you a higher value. The value doesn't always have to be money. So like I say, you invest in onion rings and you got some fries.

You came out on top, bro. That's like 25% gains. You invest in a car and you're telling yourself, yo, this car can last maybe five years, it'll give me trouble. And it lasts 10 years, it'll give me trouble. Yo, really good investment. I haven't touched that right now. But that's the same sort of thing as to why people invest. It's a way of finding value now that you believe will be greater value in the future. This is what everybody wants. Everybody wants an increase in value.

When the bank lend you money, they charge you interest. Interest is just them saying, I give you $100, you give me $120. Yeah, $120, that's 20% interest. Literally, that's why people invest. And it's actually a great question because I find that what happens a lot, as I was saying before, is that people take themselves away from investing. Investing becomes a thing, like how house building is a thing or I know how to sew is a thing. It becomes more such a sentiment

than how it affects your real life. Exactly. Like I'm investing for investing's sake. There are a good good amount of people just investing just because investing is a thing to do not because hey i'm going to get something out of this exactly you find you find that you find that when they start doing that it's almost like uh it's almost like uh when it makes its own thing unless you have defined it how you come to the trouble of defining yourself and putting the parameters together whatever then it becomes this ideal up through the trouble of defining yourself and putting the parameters together or whatever,

then it becomes this ideal up in the sky and it can be anything you want it to be, you know? And then before you know it, you don't really have any ideals for it. So it is whatever you want. And then when you get called on it, it's,

or it don't look as good. That's one thing that I know also came up when a lot of ladies, there are also a lot of ladies, let me pause for that. Yo, that's the weirdest thing. I mean, I'm not wanting to complain if there are women anywhere.

I'm really, really happy. And also, they're all beautiful. But it's a weird thing that there were, I want to say there were five men at the event, including me. And it was a full house. Five men. Apparently, guys don't care about making money anymore.

They care about making money. I think a lot of women want to be set for life versus the man anymore spin on this you more have the money for this i don't know well i want to say you're wrong but i don't know i really don't know if you're wrong from my experience basically yeah i mean it's also my experience that's not i think i'm one of those people like it must be from your experience it's just it's so weird that there weren't many, there weren't many women. There weren't, even the men that were there,

two of them came with girls. So two girls came and they brought two guys. Girlfriend drugged them. Yeah, two girls came, they brought two guys. So there was two guys, there was me, there was three, there was another guy, there were four. And there was one guy at the back, five. My Lord, five out of 35 people, roughly.

What's the percentage on that? So you get used to that, people. That's part of investing. Immediately, what's the percentage on that? It's the number one question we ask ourselves all the time. 14%! Men are 50% of the society and 14% of young men nowadays who want money didn't come.

It's so weird, I don't know why it is. I spoke, I talked to a girl and she said to me that maybe it's because, you know, men like to, men like to, to, to, men like to learn with the pretense that they already know what they're learning. I don't know how true it is, but also learn not to tell women that they're know what they're learning i don't know how true it is but also learn not to tell women that they're wrong yeah but it's so it's so it's so right yeah i think a lot of scenarios where that they're topicable she's like yo think about it

a man gonna come there i'm gonna sit down and looking up to you to tell them something like but the guys are where they ask great questions learned a lot more and i don't know i don't know i don't know what it is maybe maybe people are i i don't maybe people are richer i know i know prosperity seems to be doing really well are people that rich that you don't have to know we're investing in the hottest investing time right now and it pays check good enough i don't know i don't know what i'm happy i'm happy i'm happy that event happened and i said that before i'm happy and i'm happy that more people are getting interested in the market i'm happy that a lot of people got in on the week time which means that a lot of people made a lot of money

yeah yeah yeah yeah you may be very first investment than i your very first what's the be your very first investment, didn't I? Your very first. What's your very first investment? Oh, very first investment. Oh, funny enough, my very first investment did not go well for me. What was it? Oh, because I bought cable and wireless. Just new to the market. I saw Randy tweeting on Twitter.

Oh, God. I had a friend, Chadwick. Shout out to Chadwick. I did not know that's how this story goes. Yeah, man. Chadwick said, yo. Yes. So, Chadwick, he not know That's how this story goes Yeah man Chadwick said Yo Yes So Chadwick

He was investing from From in University But he was telling me to Hey man Didn't I invest I did this in school I did not do this in school

Was Chadwick in one of my Yeah he was He was at the time Yeah I remember the name He wasn't in there at the time But he and I Were at it the same The very same day

How did he Did I invite you guys He invited us Okay We saw you on Twitter And you were like You're on a No more free rrandy, right?

No more talking about the market like certain ways until you can get some out there more than just, yeah, man. As peaceful. Go on talking. You're my drama.

So we kept, for weeks, we're on a case saying, yo, you say something about stocks and we're trying to go around it to try to get you

to say something about it, right? Yeah, everybody has it. I try not to. We swear we're here, man man this is the smart thing running they like to learn from men but pretend that they know what they're doing oh my god so women have a secret so i'm sure i'm sure you're fed up with us and the ironers join this group actually care to learn cool yeah you know what it was i mean not that i remember that specific i remember chat we can remember adding you but i i I remember it's always the same thing.

I used to show people a course. So shout out to my brother in Nigel. Nigel is very sensitive. And I owe him a lot of him day job, but he's, that director is so good. And he said to me that, you know, you're always putting this much energy into getting people there.

How about you save yourself a lot of energy by finding the people who are serious early and just put a little bridge between you and them. So like, what do you mean? Well, we already had a group at that time and he's like, we're the course. If they want to join the group, have them do the course. If they can't bother to do the course,

then they're not serious enough to talk to you. Moreover, doing the course, as you know, allows you to learn the language, that allows you to understand the things that I say are simple, as you know, allows you to learn the language, that allows you to understand the things that I say are simple, are really simple, but you understand why I say, once you do the course, you understand. And then I would just show it to people.

So if you actually do the course, that's step one, I say that you're actually serious. Secondly, I look for people who said certain things. I always pay attention to people who said certain things, who have sense. People that, I believe that intelligent people can't hide. It's very hard for us to hide so like um a good example is i keep asking although i think these guys might not be so happy but the new crop of analysts on twitter um so they had that thing

stocks on the rocks oh yeah yeah and they had a video there and somebody in the background was saying something about the pensions in Jamaica. Mm-hmm. Yeah. You've heard me talk about this every day.

So, I immediately pray, I don't know who the hell is that talking about it. Because, I mean, by this point, if somebody's saying it, I figure that they're on the path. So, probably the same way

when I was on Twitter, I always paid attention to what people said. The people that I saw were thinking, actually putting one, two, and two together. And those are the people I was on Twitter. I always paid attention to what people said. The people that I saw were thinking, actually putting one, two and two together.

And those are the people I didn't like because I wanted, I've always, the reason I've always done this is that I don't have many people I can talk to. That's the weird thing.

People have, everybody, like I'm the guy that all my friends know that they can come to and ask about stocks and whatever, blah, blah, blah.

I don't have anybody to go to. Definitely. So when, and I keep telling them, guys, I don't always know that I'm right. Boy, I'm glad I found you first when I started my journey. Yeah. Because boy.

Well, yeah, there are other. No. No, no, no. I jumped to you. No, there are a lot of other people out there. But, but you might, you might find that it's a different time. It's so funny because it's not that long ago.

It's like, what, two years? Yeah, two years. 2017, I started. 2017. Definitely. So you bought cable and wireless first on your own? No, no. So I joined the group and you guys were speaking about cable and wireless that you had already bought.

So I figured, hey, if these guys were buying cable and wireless, it's a good stock. So I'm going to just buy. All right, great. if these guys were buying cable mines it's a good stock so i'm going to buy all right great so i joined the group uh i saw you guys talking about cwj that you had already bought yeah i figured hey these guys are these guys all here they know investing randy always on twitter talking about this so by cwj too since it's a good stock since randy by before which is funny because randy always says do not listen to what i say. Question it. Have a conversation. Dig deep into the numbers.

Yeah. And it's cool. I get things wrong. I get things wrong. It was $1.27 I think I bought it at. $1.27. $1.27. I know what I was seeing for cable and wireless. You know how that is for cable and wireless.

Yeah, I don't think they know. I don't think they remember. It would have. It was fluctuating. Did they get the buyout off already? No, it was. Yeah, man. No, no, no.

2017. So it was before that. Ah, this is when I no it was yeah man no no no 2017 so before that ah this is when i knew it was coming yeah man started here february yeah and i was saying it was bouncing around bouncing around i bought it 127 i never reached back up there for the longest while for a long time it went below a dollar when below and i was sitting there looking at my loss saying boy are you should listen to people. Dust off the bat. You know what? I like that you got burned the first time I never ran you. So funny enough, my story is the opposite.

Some people have heard it already. K-Miles is the first lot I bought also when I was younger. But I didn't use my money. It's my uncle's money. And I never, ever know the date. One day I'll go and check the date. Maybe I won't. It was whenever Moneyline had just started with GMMB.

Shout out to GMMB for having that back in the day. It was a really great idea back then. I'm trying not to say that it's not a good idea. Yeah, but the market has moved on. But they have kept it up to date to their credit. And they keep trying. It is still a good platform. It's still the only platform I know outside of maybe Mayberry's where I can do a market order.

Yeah, I'm not finding that. The only place I can do a market order. Yeah, I'm not finding that. The only place I can do a market order is there. So thank you, JMNB, for having that still. But yeah, Moneyline had just started. I was staying at his house. And I remember Hugh showing me it. I'd read about it. I mean, I was a good little nerd.

I was in high school. And I'd read about stocks. I say, I don't understand it nerd as in high school. And I'd read about stocks online. I said, I don't understand it. So I thought I understood something. And so which one you think, you know, I think to myself, well, Kibler-Wallace looked like a good, that was Kibler-Wallace at the time,

it was Kibler-Wallace at the time. And I say, Kibler-Wallace looks like it might be good. I just try Kibler-Wallace be good. Let's try Kibumas. I think he put a, I think he put a million dollars in there or something, whatever it is. Point is, I'd stayed in for like

maybe two weeks or three weeks, whatever amount of time, but I know right when I'd left, by the time I'd left, it had doubled. And that just, blew your mind. It's like,

we didn't actually do anything. Right? And you know, a million dollars, it's a million dollars. This is way back then. But this is in 2017, this is, I mean, as in high school. Yeah, this is as maybe in third form.

This is 19 years ago, we're recording now in July. And this was, it would have been summer of, it would have been summer of, I won't say third form, so it would have been 2000 or 1999. Something like that. So I'm going towards 20 years. I think August is 20 years since I did it. And that's since when I paid the end double, like I said. It doubled in the time and in the time that it doubled, it allowed me to, one, get surprised that yo this is possible two uh decide that yo i really want to understand it and it's just and three because i'm a nerd i like to see how things

work i want to understand it i need to know right off the bat how it works plus it made money you know the idea for a nerd at the time is that if you can get anything to work and it can also get you some money, then you can do whatever you actually want to do with your life. Yeah, definitely. Funny story, I've now grown up. I'm a lot older now. I'm 32, I turned 33 in October. And it turns out that if you can get money from doing whatever you like, you can do whatever you want. It's your secret to life.

But no people charge you 15 grand to hear that. You're unlocking the light within or whatever. But yeah, I caught the bug then. So what I was saying to you earlier that I don't like my story is that I have not actually had any losses. I don't like saying it

because I know how it sounds. But it doesn't mean that I haven't gotten things wrong. The greatest thing that we get wrong is timing, in investing is timing, which is why I'm so adamant with industry and when they're dealing with regular people in that they don't tell people how important timing is.

Whenever anything goes awry, they come up with one thing they tell you, long-term. Long-term. Long-term. Or they screwed up. Wait, I told you to buy it when it says 20 dollars though listen in the long term it's worth a lot more that that's that i don't hear long term income

to my money bro i want i want to hear my money doing what i wanted within the time or if it isn't i'm getting a sense of the reason as to why it isn't right case in point people that bought jc at 40 dollars other day wow i'm not i'm, that's the nice thing that I'm not co-signing that at all. But to be fair, you know what? Here, that's a question I got Friday, Saturday after my event. People ask me, why do people do that? I had to explain to them that when you understand average pricing, sometimes... Sometimes it makes sense.

But I know a lot of people come to me, they just started and they said, they spoke to the advisor. JC was on a run. So, they sketched it at the end. They sketched it because the news is coming up. It's going to be worth it. It's going to fly. But at 40, here they are. Yeah, that's crazy.

Yeah. I hear that story for a lot of stocks too much times. That is, yeah, that's crazy. I don't know what to say to that because i hear the story a lot also and people dm me those sort of things all the time and they don't know and they see this and they don't know if they've made money out of the blossom that's the next thing they don't understand so the stock market is that abstract concept concept yes yes and then you have to look for like the gurus within the stock market who will guide you in this magical way and i'll

let you nothing else in life do we look for people to give us a different way everything comes back to your general life how you live day to day and everything has to be linked to that if anything about what's happening on twitter right now what i'm thankful for is that people are spending time to break it down and people are spending time to try to understand yeah yeah big up big up big up big up i have to say big up to Mark Gale. That's a funny story. I'll go into that after. Big up to Mark Gale for also doing an event this week. I heard his was successful also.

I know a couple of people that went to mine went to his. And they, I mean, well, I can only speak about mine because I was only at mine. But it's one of the good things I'm seeing on Twitter. The people are happy that it's happening. And I've been begging, people pay attention to my tweets. I've been begging for years for the space to get to this space. There was a time when it was just me alone bawling on my throat every day on Twitter.

Again and again. Oh, buy this stock. Oh, look at this. If you bought this in last year, September, eight months later, you'd have made 250%. I am sick and tired. I don't like myself. I wouldn't follow me. But I am glad to know that when I do it,

people pay attention. And the thing I'm really happy about is that people DM me now. I say, yo, I listened to you. I got into it. I tried that little thing and I made 200% of my money. I mean,

I feel mixed in terms of like, I don't like what they tell me that I did because I told them to. Yeah. But yo, when somebody said them take them last 50 grand and then put it in something

and eight months later like I know people who bought Barita at nine dollars the last money that they had

last year yeah imagine that no yeah that's fine it's at a hundred dollars no

nine dollars around nine nine dollars to ninety dollars ten x people who 50 grand is their last imagine that 500 000 and those people are like you know anything randy said goes i'm like no bro no i don't need that kind of i don't need that kind of that next thing you don't know when randy is talking about he might be speaking about it just for the case yeah it makes it uncomfortable speaking sometimes. It makes it uncomfortable to speak. I remember

years ago, because like I said, I started this journey in high school, I've always paid attention to stocks throughout the years then. And I remember reading about Ben Bernanke, who used to be the chairman of the Federal Reserve in America. I remember reading that he doesn't like to speak publicly and he's not allowed to speak public and i know i was always pretending him honestly i'm nowhere near on the ben bernanke's thing but i understood why his explanation was that he'll say something and everybody runs and yeah and because people look for every single thing in your words yeah man and a lot of times people hear what they want to hear a lot of time the majority yeah and then they put it in your voice yeah yeah randy said that you told me that you Yeah, man. And a lot of times people hear what they want to hear. Not a lot of time. The majority of the time. Majority of the time.

Yeah. And then they put it in your voice. Yeah. Yeah. Randy said that you told me that you were to, you said, you said, I saw you tweeting about X Fund and you said, you tweeted about X Fund, you just mean I said to buy it. But read what I'm saying. And that's not, the X Fund thing was also a funny thing.

I won't jump to that just yet, but I'll say. Oh, yes. Yeah. The X Fund thing was a funny thing because i remember when i made some those who remember i won't even go too deep into it but i did say something about x1 but it wasn't about x1 it was about a recommendation that regular people are getting from the brokers about x1 right before it was going to go through a very bad time a very obvious bad time and people who think so for background you don't even give anybody background or terrible at this podcast how do you right now A very obvious bad time. And people will think. So for background, you haven't even given anybody a background or terrible at this podcast, how do you write enough?

You can tell Dana your background. Dana is very qualified when it comes to numbers. Compliance and risk analyst at Mayberry. I did actual science in university. So math, that's me. And you passed. I passed. There you go, right?

And I went to Arden and I did not like math. I am not a math person. That's how I used to say for many, many years. I did like computers. I was a proper nerd. I followed my nerdism and I did learn programming in school. Then I went on to drop out, which was very interesting. Not for the cool reasons either.

It was for the OG reasons. Poor. I just couldn't pay for it. I didn't get a student's loan. Long story. I have a podcast episode on student loan and loans in general and I talk about my student loans. Everybody was waiting for the next Bill Gates.

Oh, he dropped out of school? Oh, yeah. Well, not me. But I did drop out of school and I then went on to have a nice long arc that involved me learning the sense behind math.

Seeing practically what it's for. And since then, I mean, I no longer say I'm not a math person, but I understand very much when people say to me that, yo, you don't understand. I see the numbers

and in my mind go, I listen in i did literature right i have people said i became a doctor said that i don't need to know math i'm like yo i'm sure there's a bit of math involved being a doctor but but i understand when people say that because i used to say it i don't say it anymore but and i try to bring people to understanding math you know it is the same thing as investing what they're doing is they're turning math into something else other than... Other than... Math is really real life.

It's real life. It's very applicable. So I've always loved math. I can't sell backside, which is why I'm not doing it now. Nerd. Yeah, well, boy, yeah. Actuary.

I mean, I went to school at Actuary. Shout out to Piggles. Piggles is about who everybody knows. Dre Pigglesworth, who is in Japan doing whatever he does in Japan.

Has his own blog and stuff. Yeah. I love math. Give me math and I'm fine. Actual science, I found it uninteresting. You found actual science uninteresting? The application. So that specific application of math, that was not me.

They're talking about insurance. Yeah. Actually, my first, I wasn't investing at the time, but my first encounter with investing on stock market was in a class actually like Fox. Can investing at the time but my first encounter with investing on stock market was in a class actually like fox eye can't remember the name miss buzzer kim buzzer she taught the class she told me she invests and one of the examples was i think something she invested in she bought for two dollars she was in a group at one point yeah yeah yeah cool cool i like talking to her because i like i really liked her yeah she bought it for two dollars and so for four dollars and i was sitting in class like

so miss how you do that so i spoke to her about it afterwards like more than once after class i say oh miss how you invest you need to talk and then she spoke to me about it i come with the broker i just never pull the trigger until my mess up yeah but not an experience but yeah that was the first time i heard about investing i was actually what interested me within the whole oxide program because that's practical application yeah but our eyes not actors had practical application but you guys definitely have practical application it was not necessarily everybody's practical application so you they don't not everybody encounters the math that we do. So... How do you check

if you're right? Like, did 10% of the population actually die this week? That sort of thing. Yeah. Yeah. And I know you,

you really, you really, you really are a nerd because I've never heard that, I've never heard anybody who does that say that they didn't

find it interesting. And I know that there's not many of them in the world. It's like maybe a couple hundred thousand in the world. Yeah, a small amount. amount yeah like you can always get a job somewhere yeah trust me like they hear axi and they're ticking the box already yeah even if it's not

necessarily related but they they'll find a way for it to be really not afraid of numbers which was the point that to you guys numbers are real and the same way like investing traffic getting real investing for me was always real because it was always applicable to what i'm looking at i did the cable and wireless thing i don't really remember why no but it was related to something i saw in real life and ever since then everything that i have ever invested in has been me seeing something that i see as a real event a real applicable thing and i've invested which is probably why i've never lost which is funny that's where the difference when we speak i'm always finding some way for the numbers to add it to it so my investing for me is the numbers being applicable in real life oh yeah i always

jump back to so it has to be some numbers in my mind so every time i speak to you it's always some numbers have been running so if if i miss it it's probably because the numbers aren't there for me yet but i don't know if i don't know if i don't see it that way i see if i see something i see so earlier we're talking about a little device to me you know what the thing i would never said that that occurred to me was that they probably did that way because that's cheaper because i thought there are only two things either they have it work on on um your breath so for the people listening, we're talking about a little vape pen and it doesn't have a battery.

Well, it obviously has a battery, but it doesn't have a, you can't charge it. It's rechargeable. It's not rechargeable. It's disposable, sorry. And so Bam was explaining to us how it was made,

that there's a sort of chemical process. In other words, they made a chemical battery inside it. Right, Bam? That's essentially what they did. They made a chemical battery inside it right bam that's essentially what they did they made a chemical battery so somebody in china worked out that the cost of getting a little piece of cotton soaking it making a chemical battery and sealing it is maybe one or half a cent cheaper and getting a cheap battery and it can last six months so you give it a shelf life of four months and you give yourself one month in shipping and you have one month in between there and then you use just enough of the liquid so it's always

below the level of the for me i make all that fit together and i know that there's a number behind it and so when i say the number for me that's proof and that's the two things i work with that and proof so the numbers and the proof and you come right back to finance. I always talk about how I got into Lascaux Distributors. I was at a time when I dropped out of school and I had to get a job, right? And I got a job. I got another job and I was working at Carreras in IT for a while. Shout out to Carreras for paying me for a long time and molding a lot of people. They paid off of you for a long time with no dividends.

Yeah, yeah, yeah. Paid a whole heap of people. Still paying a lot of people. I don't hold them, but still paying a whole lot of people. They paid off of you for a long time with those dividends. Yeah, yeah, yeah. Paid a whole heap of people. Still paying a lot of people, yeah? I don't hold them, but still paying a whole heap of people. So I was there and I got a chance. When you work with those multinationals, they're very open-minded. So they're like, you know,

for somebody to be an internal auditor, because I wasn't a numbers person, up to that point, I still, even as an investor, I still paid the numbers. And now we're talking about real money. So if I get it wrong, person. Up to that point, I still, even as an investor, I still, ugh, numbers. And I, you know, I know we're talking about real money. If I get it wrong, there's money behind that.

But they made, they allowed me to try being an internal auditor and I did it for a while and I went around the whole of Jamaica. So every month I'd travel the whole island and I then saw, I remember after school all the time, all over the country, I'd go,

I'd see these little bottles the kids throw away. These weird bottles. And when you go to the shopkeepers you know you try to establish some rapport with them and you know you talk to them about stuff he said what i'm thinking about the pin in the moisture by um and like what i asked him what he says i was a new thing from lasco i said word everywhere i had gone in jamaica i had seen it bottles and i checked lasco numbers after that and i'm seeing i mean the numbers look the same the profit rise are the same they look good but there wasn't anything big yet and the only mention of i cool was that they had launched i cool so i just put two and two together i cool

is obviously selling like crazy on the road and they haven't reported those numbers yet so all i have to do is buy into it and it will happen so said so done couple months later i put in the money i had a couple months later lasco reported huge revenue huge earnings and it's on the back of icos i think i remember reading on the back of icos sales and i was like hold on this is real it makes sense but then i stopped i said hold on it cannot it cannot be that simple and that feeling has never left me my entire life anytime i want to know that um an investment is good anytime i'm sure i'm near to the end or i'm at the end once i wait no it can't be this you can't yeah it can't be simple hold on bought Playa. But Playa is a public company. I can see that Playa doesn't have a good quarter coming.

It has like two bad quarters coming. But then that would mean that they, being X1, aren't going to have a set of good quarters. It wouldn't make sense. No, it can't be that simple. Literally, right? So said, so done. Bad quarters come.

Share price tank. Terrible. Oh God god why would this happen and then of course we saw the satyacore people do the gymnastics that i've never seen before i respect that i like i i can never tweet that stuff and people don't know but i look at it and it's like i respect that because i know the conversation that must have happened in like the board meetings i know i know the conversation i'm gonna say in like the board meetings. I know the conversation I'm gonna say, yo, we are not reporting that. Do what you need to do to fit. Big up Carreras for that. It helped me to understand a lot of what happens behind the scenes of this. Because Carreras is a

publicly listed company, which I do not represent in any way, shape or form guys. I don't work there anymore. It's been years, but at the time, I do remember this because they're a very serious company. In terms of, I know Marcus Steele, who is the MD now. And Marcus is an accountant. When you ask him what he is, he's the manager of the hotel carriers. When you ask him what he is,

he'll tell you he's an accountant. He doesn't play when it comes to his numbers. Very, very intelligent guy. He knows his stuff. But what that taught me was a lot of the conversations that happened. So you hear an analyst talk about like,

oh, revenue, blah, blah, blah, blah, blah. And it's this high, pie in the sky thing. But if you're talking about like a Red Stripe, which isn't listed anymore, but if you're talking about like a Red Stripe,

I don't want to hear your pie in the sky, bro. You need to talk to me about how many parties are happening because you know that people are drinking. People are drinking Red Stripe at parties.

Maybe they're drinking, maybe it's tourists. So our tourist arrivals, oh, or maybe exports are high. sort of thing that's the real thing and i also know those real conversations affect other real things that you would never believe right so when i see a company the size of sagicore reorganize itself and find a reason to say that, oh, part of, we are, what did they say? That Playa is... They acquired Playa and Playa is now an associate company of X1. Yes, which is justified by virtue of their control over the board.

Control over the company. Which, I mean, I'm not saying they're wrong. They're right. It's just, I respect that move because I know what it takes to get a machine the size of Sajid Korda. Not just move to flip. They literally changed an entire revenue model in two, three quarters. But boy, I respect that. I respect that stress.

I respect the conversation that must have happened. And now they're almost out of it. Now they're looking a lot better. Yeah, right now two quarters out. A lot, a lot, a lot better. right now two quarters out so yeah a lot a lot a lot better that's not to say to buy guys not saying to buy i'm not saying to buy i'm saying to look into the companies and pay attention to it pay attention to what the companies do which is a question i've asked what's some i know questions you always ask let me hear that how to read the

reports and i don't know how to i don't know where to bridge the gap because the course we used to work with. Yes. No longer there. Yes. That course doesn't exist anymore. Yes. But I can't get up and tell. So they ask, what do I look for? I tell them, read the reports. How to read the reports.

What to get from the reading of the reports is always a big deal. Yeah, it's very different for every company. You can look at every company and say, oh, this company compared to that company, which is very different there between business model, you You can't look at every company and say, oh, this company compared to that company, which is very different every time business model. You can't just look at a report and say that you have to compare it properly in industry,

whatever that company does. So what I took from Randy was know what the company is doing. Yeah, number one. I didn't want to say it because it's one of my events, but it's right. You're right.

How do they make money? Yeah. Are they making money? Yeah, straight up. Are they making money? I say to people right off the bat number one know how a couple know what a company actually does for money now what they said it for money actually for money lots of companies tell you they do something for money lots of companies

are known for doing other things for money what they actually do to make money is a complete other difference i use the example of grace everybody Everybody knows Grace. I'll ask Bam because Bam is in the investment. Bam, what does Grace do for money? Make food. Right? So, and the biggest earner would be? Grace Foods. There we go.

Grace's biggest earner is Western Union money transfer. If Western Union closes down tomorrow, Grace is in trouble. And Blue Paw. Yeah. Blue Paw, as far as everybody's concerned,

they make soap. Yes. Blue Bama. far as everybody concerned, they make soap. Yes, blue rubber. But with the lumber department, they give us all that. After people have looked into the numbers and people saying, wait, they don't sell lumber, make more of their money. And I was like, yeah. Shout out to Mark again, who was telling me that they cannot magically become valued more just because they've been spun off. And- To me it's a little bit more than magic. Yeah, yeah. I didn't think it was magic.

I was shout out to Chris Berry. That's all I said. Yeah. Follow his footprint sometimes. Yeah, following his own footprint. He's following his own footprints. Once I saw, I was like, I've seen that before. I've seen this before.

Where have I seen this before? Yeah. And it's the same exact thing. And what I tell you, I've seen that before. I've seen this before. Where have I seen this before? And it's the same exact thing. And what I tell you, people don't get it. People who have seen it before are asking me what's going to happen with it. And to go back to what I think is going to happen with it. Same guy. Same play, in my opinion.

Same in my opinion. I'm like, yo, I don't know if it's true. But think about this. If I do something and it makes me money and you see me starting to do that thing again, chances are I'm going to do that same thing again. It makes me money.

When I reinvent the wheel, it only makes sense to me. Yes. And it makes so much, it creates wealth, which is always the, which is, was maybe my driving force.

I don't know, other people, if they have the same driving force for me. Like I get asked that often. I remember after the event, somebody came to me and asked, yo, I've been following you for three years. You've been doing the same thing you've been doing

three years ago, the same thing you've been doing now. You still talking about it and I can't get it. At first, I started following, I think they said that the figure is fake or it's like a scam or something, but then I don't ask people for nothing. I don't tell them. And I'm saying things and it's making money. So why do you do it?

And the only reason i can comfort is i truly believe in like i see the value of it i don't know how to explain what i see the value of it and i want people to see the value of it because this like it's actual it's actually it's it's tangible like people have like it's the first time in our lives that we get this opportunity you can you can literally it's like you can literally change your entire existence when you hear when you hear when you talk to those rich old white people from america i've spoken to a couple of them sometimes and you hear them say how did they get a start and they're like oh you know back in the 80s ah there was a lot going on

for whatever and that's when they're in and they built all that and even that whatever that thing is might have ended, but the money don't go away. Should have been Warren Buffett who did the same thing for himself. Whatever you start with, sometimes it goes wrong, but if you do it well enough,

you have built a base that can go into other things. The money doesn't ever go away. And that's, I don't, I just want people to know that now is the time for the first time in many,

if you're under 40, definitely the first time in your life and I'm under 40, but I expect it in a lot of histories, the first time in many, if you're under 40, definitely, it's the first time in your life, and I'm under 40. But as a lot of history, it's the first time in our lives that we, it's the first time, if you're under 40, that you have an opportunity to own something that will last long and allow you to earn strongly

possibly for the rest of your life. Like when you hear about the people who i've seen a podcast out of there another podcast an american one where the guy that they're talking to he was rich and they just had to explain the guy as to why he was rich and it's like you know he had a couple of friends in college and one he invested in one of his friends company and that friend was jeff bezos so that's why he's a billionaire that's all he's just Jeff Bezos's friend and he invested early and if you think about it maybe a more local example a very simple example NCB why NCB closed that today 216 217 about 216 it's a normal conversation to hear people say yo I know people

have NCB from it at six dollar shuttle to stiff right 19 yeah right right but in the same way this is our time now is the time when somebody can say yo i know somebody have lab from it they're one dollar right now literally there are people who can say that there are people who can say yo i know somebody have blue power from it there's blue power now four dollars yeah i know for as much as blue power from before the lumber division people Oh the Lascaux Lascaux people are I want to talk about the money people have made on Lascaux

Yes the amount of money that people have made off NCB shout out to people like my brother Ryan Ryan

Ryan Strong Ryan is a Ryan knows his stuff Ryan is one of the few and I'll say it openly Ryan is one of the few people cemented in the industry

that I have ultimate respect for I didn't even always know that Ryan knew what he was doing I've known Ryan for years I't even always know that Ryan knew what he was doing. I've known Ryan for years. I didn't always know what Ryan knew what he was doing. And then one day it clicked to me.

Like he gave me a tip or something. And he knows not just the local market, but he also knows the international market. He knows the US market. But Ryan don't play the small money. Ryan has high value clients. But I know that once he told me like something for the international market,

I ran it on my no sense and in two quarters and if you and me know in our term two quarters is six months but in my mind six months later i'm not thinking about it but six months later what he said happened in fact i've seen him say things like ryan is a man that i trust over two to three year timeline yeah man ryan said gonna happen yeah man yeah man i don't want to tell him stories for him, but if someone know him say, oh, Ryan talking to me about Berger for Ryan talking about Berger for a long time, bro. Ryan talking about Berger from when Berger

is in single digits and people saying this guy's crazy. This guy's mad. Why would I do this for Ryan? But he looks at things, he pays attention to businesses on a longer scale and I respect that about Ryan. And yeah, it's something that I see, something that I see something that

i i really respect so ran let me run let me know what can be done in the long term and medium term and then for me i've i've learned more about what the day-to-day is and i guess you've learned some of the other short term but i know short term is like a curse word so i won't necessarily touch that one just yet but that generally i don't trust people with their view on the long term because as we say yeah it's just like throw it away a lot of people yeah lots of people do that just a couple with that they go um yeah yeah anything that misses they say good in the long term but the truth is like i'll tell you guys the truth is everything good in the long term everything is good yo i think i still yo i'm still holding out a little bit of hope for Siboney.

Yeah. I can't see where the valley can go from here. Yeah, there's some, there's valley that can be built there. It's so funny because I remember when I said the same thing about music.

Oh. And people are like, yo, they saw I know you're crazy because you talk, sometimes you have a good idea, but this is rubbish, right? And literally, not in a year later,

music that was worth nothing was worth a lot more no it's questionable how much it's worth no again but it's worth i can tell you this is worth more no than it was then yeah i have to give it that it's worth more than it was then and um it it just goes to show that you can never say something is bad in the long term or good in the long term just like that so somebody can't be going to tell me how long term time what a date what date and time when people come people you listen you say you hear nothing else from this podcast other than me and dan are rambling about rubbish you can take this from me when you go to your broker tell them what you want and tell them the time that you want it

in and they should be able to tell you something to help you meet that schedule unless it's something crazy like don't go to a broker and tell them you want a hundred percent of your money in six months right they're not going to do that right or by tomorrow anything crazy like that right can you do that on your own yes you actually can would i tell you to go and ask a broker for that no because a broker brokers have a certain level of responsibility in how they have to act and what they have to say what they have to recommend have they been doing the greatest job? I still maintain no. The brokerage space in Jamaica need a world of work. They need a whole heap of work. I've been trying to do it for paid. I've been trying

to do it for free. They need a whole heap of work. However, if you take anything from this podcast, take this for yourself. Think about what you want for your money. If you have like a hundred grand put on, think about what you want for your money. Say, alright, maybe it's a hundred grand you have and you want, I don't know, you want to go visit people in Florida you have and you are i don't know you want to go visit

people i mean florida for christmas and you need you know you got a you want brath so 250 for the ticket you're gonna spend maybe 250 going out plus you have a little shopping that's maybe another that's another 500 though 250 255 that's another grand so you need a hundred percent wow that's not a good thing i don't want to give Nobody 100 Six months But let's say Let's say you have

200 grand in And you want 100 grand in An extra 100 grand In December So then you have A 50% target Which is still high Still high

Still stretch If you're being responsible Very very Stretch target In terms of 50% For the six months Go to your broker, tell them you want that and ask them what products do they recommend to get

you there? Your broker should be giving you advice around your time and your goals. Not your, not, not what them say might be good or might go up. If something going to be good and going to go up, ask them when. Literally just ask them. Yeah. Buy up, ask them when. Literally,

just ask them when. Ask them when. Yeah. Buy this, buy Carreras. Okay, why? They give good dividends.

How much? Literally, how much? And then tell you what the payment is. Everything I'm telling you needs to be related as a percentage

of your money. So this 100 grand I'm giving you, what's the dividends? Boy, you know, if you put your 100 grand in there, in a year,

you're going to get, they give maybe 8 cents on the dollar. No, what I mean to me in terms of my 100 grand let them tell you but let them look you in the eye and tell you say you're going to get 8 000 jamaican dollars yeah let them tell you that you're not getting 8 000 what's that good dividend good dividend is four percent oh yeah i haven't calculated careers is dividend but i really care i've known for a while yeah it's. It's not that great I don't think but it's great if you have a lot of money. That's what dividends are for.

Or if you had it from way back. Yeah. Or if you had it from way back and if you have it from way back you get a message to everybody who have NCB from long time or grace

from when it was $13 or whatever. If you're serious about your money now now is the time to put some more money on top of that because that is that is the real thing.

That is the opportunity for you to, what do you call it, average up. So your percentage gain is not going to look as good anymore. But chances are, if this is new to you, you don't even know what your percentage gain is anymore. So this is the time, if you have any of those stocks

that your parents gave you from when you were little and you still have them, sort it out now. Go and talk to the broker. Tell them what you want and when you want it and ask them what they can do in that time. Let them tell you so they can't do nothing. And then ask them what's the best you can do.

But ask them in terms of percentages. Yeah. It's how people sell things without actually saying anything. You can't get, oh, I give you a million dollars and you give me 8,000 dollars. Yeah, it's all nice sell things without actually selling anything you can't get oh I give you a million dollars and they give me eight thousand dollars

yeah it's all nice in your pocket but you can spend eight thousand dollars doing whatever but how much out of a million dollars is eight thousand dollars

yeah exactly and they don't ever like to say that and then they don't ever like to talk about their fees oh definitely make sure you

calculate your fees into when you're buying a stock so you can know if you're actually making money but if you don't clear those fees Then you're not really making anything

Seriously So you saw people And that's like I have these little questions I ask people Whenever they say they know stocks are worth it in the industry And they say they invest I immediately ask them little questions like How much did you make last year?

What's your gain currently? Whenever I hear somebody speaking on the market I really want to know How much did you make last year how much are you making now because it gives me it gives me a level of credibility like i don't want to know where you are in the market yes if you're not really making much like comparatively of course and it has to match your goal so i'm not gonna get up and say oh you're making 30 percent for the year based on whatever i can't knock you if your goal is in line with that but if you tell me that you make how much you're making a lot of money every year then i want to know your returns for the year not your

dollar return your percentage return if you make you make a million dollar year from the market but it's only 15 of the money you put in i'm i'm not going to be impressed yo my thing is yeah i start from even before like i said i've got practical i see how much you make if you first work to me is about no no you need to know the exact number bro i know my exact number every day yeah if you're tracking it you need to know you need to know your exact number or you have a really good reason why you don't know the exact number or or when you press them inside they don't really know i tell i said it to the people who came to the conference on friday on saturday and i'll say it again when somebody at a brokerage tell you what to buy, ask them how much they own.

Probably none. Yeah. When they say, oh, it's because they're going to get smart. They're going to start lying. They're going to say, oh, you know, I own so much, so much great. How much career has he owned? Mm hmm. Oh, you know, I have like 100,000 worth. Show me.

Yeah, man. Let them bring it up. They want you to buy it, but they want commission. tell them to bring it up and show you and a hundred thousand worth when when did you buy it just a hundred thousand word green are saying much you could have bought last year at a hundred thousand or it's worth a hundred thousand today then you know how much you made on it exactly that's that's that's precisely it i don't i find that too many people are paying attention to the image versus the actual content. Yeah, man. The actual sense of the thing. That's why I have always maintained two things.

One, my records of what my gains are. And two, well, on the records, of course, like my picks and so on. So people have seen me talk about things on Twitter. And there are things I've tweeted about in the past that haven't come out yet. That wouldn't come out, I will say. But they're out there. And the other thing is my numbers.

So the records in terms of my picks and my numbers in terms of what I've actually done and my actual gains are where the money is at. That's the only way to do it. If you're not tracking it,

it's that thing that which is measured matters. I can always reel out the percentage that I made in the first year, last year. That's right. That's right. I can always say how much I made first year, last year and how much I first year last year that's right that's right i can always say how

much i made first year last year and how much i am right now that's right always right i don't talk about my heavy years though funny enough i don't really talk about my game it alienates people and the games and the games are so funny i look back even even three years ago i look back on the games then like i i don't know if i don't know what i can do it gets harder it gets harder the market can get harder but it's a good problem but boy this year has been an easier okay money guys boy the money this week is there yeah but it has been a good good good it good, good. It has gone to plan. I try. I don't know if I'm at my goal yet.

I'm looking at the sheet, as I say. So I'm not at the goal yet, but I'm close to the goal. I already wrote my soft target. Yeah. And trust me. I like to talk to people about real things. What's something real that you want with your money? Something real?

I want to be able to... Boy. no not like the dream not like the warren buffett dream like like just right now invest some because i know you did that too people i'll tell people like people i have invested to pay a light bill oh so my issue not once either like many many months like even this month i'm going to invest to pay my light bill you know why i did it once and it worked and every single month i've done it to try and stay sharp just keep myself sharp saying yo let me see if you can make eight grand off the market no you're not again this is not me saying that people should invest in the short term it's dangerous don't do it it requires knowledge however if you do have the knowledge it can be done every day is somebody is the end of somebody else's long

term and it's the beginning of somebody else's long term yeah so my issue i know is in terms of short-term goals of paying for stuff whenever i invest money it's hard for me to pull it out so i always put it you're even talking about today but just take the money and go buy the car it's important for you to sit up so you do the money. But for me, it's always, hey, you know, I think I love, I love the investing and making the money. That's a big part of it to me. So if I have more money and I can make more money, so my long-term goal, my five-year goal is my real goal right now.

But so I don't have any short-term goal. I put the money in, I want to pay off this. I don't have much expenses right now. So that's a good thing for me. If you don't have much expenses, people, make sure you just put the money, invest the money. Just throw all the money you can at something. Yeah, your life tip, life tip, life tip.

If you have a nice job or an okay job and you live with your parents, pretend that you're paying rent and take that rent and put it in the market every month. Say like, yo, maybe 30 grand, whatever. You'd have to pay rent 30 grand. Take the 30 grand and put it in the market. If you think you want a car, yo, we can't wait to get my car you should i don't tell people i

should be saving in stocks but i don't believe in savings i really should be saving in stock my bank account is always how much i spend so i budget and i take out the exact amount i go spend and throw all the rest of it at no you're good you must be like no i i i'm a real person i spend i can spend i mean i'll enjoy myself i'll enjoy myself i have a girlfriend so she kind of forces me to do stuff good luck to you with her hearing that she forces you to say but um yeah i just feel like it's important for people especially doing like what you do because i know what you do i know how important it is to see because for me when i doing like what you do, because I know what you do. I know how important it is to see. Because for me, when I started doing what you do,

it was under stress. It was under, I stopped working, I left corporate. So you can't get it wrong. If you get it wrong, you get burned. But I got it right and I've continued to get it right and I'm not out of the woods completely yet, but some months are easier than some. You can breathe, you can do some cool things

and I can have fun with the money. I just think it's important for you to do the same thing. Learn to have some fun with the money. A lot of people, it's giving me a lot of security. Yo, that's fun too. I have a lot. In my head, I have so much I can fall back on because of what I've done for myself. Three years.

Not even, two and a half. Yeah. That's what I like to hear. That's what I like to hear. And the thing is, people say, yo, the market can slow down that's always another one people there's some quick questions is the correct one it's soon gone right is that regular normal basic stuff that we never had we're having no and it just comes with it yeah with 50 of the population is below definitely below 40. this thing's below 30 but definitely below below 40 and a good chunk of that has gone to school

in a way that we've never all gone before yeah and they've and they've gotten jobs now and part of that is that they've started to earn and of course some of these bpo jobs are not making a lot of money people said blah blah yeah if they're making a dollar more than they did there's something happening there was somebody that's an economy job exactly they might have to eat lunch every day and they eat lunch from somewhere and that place wasn't selling them

food before so there's one extra sale for lunch I mean they have to buy one extra chicken for every four of those people to quarter it up which means

exactly the economy is growing and what's happening now is something that hasn't happened before and I think now is the time that we really have to take we really have to grab it

definitely boy I don't know I feel like it's so easy for me to fall into the passion of it but i just can't help it what i always hear oh bull market yeah it's a bull i don't invest in the market i don't buy an index of every single stock in the market exactly i go you know pick what i think is good based on the the company. Definitely. Based on the company. Based on the company. Yeah. Exactly. So, for me to take a hit,

the companies I invest in have to be doing badly. I have to look at them, look at the market and say, boy, there are no companies doing better right now. Chances are, you tell me.

Yeah. Yeah. The market is such a good reflection of the economy that I can almost tell. That's why I care so much reflection of the economy that I can almost tell that's why I care so much about the economy

and you can almost tell if the economy were to start shrinking you know but the economy is still growing we're not even we're not using it

all up yet if the economy starts shrinking there are companies that will escape that that will probably see good from it people aren't good

I shrink Haiti has 10 million people. There are multi-billionaire companies in Haiti, including Jamaica Broilers. That's my example. And they've been really well down there. Very, very well down there.

People still eat chicken. Yeah, well, you know, they eat a lot of their gathered eggs. I gather eggs is like the number one source of protein. That's the kind of nerd stuff you know when you're really into investing. Eggs is the number one source of protein in Haiti. And's the kind of nerds of you know when you're really into investing in it. Yeah, eggs is the number one source of protein in Haiti.

And we know about Jamaica Brothers doing, how well they're doing with eggs in general. Yes, I said something, I'm trying to find

the right way to say it. I don't know if I'll, because it's going to be on the podcast. Oh yeah. Jamaica Brothers, funnily enough, has one of the strongest

networks for the provision of laying eggs in the US. They control that market. You know how big the US is completely, Jame? I don't know how, I keep saying I don't know how the US allow that to happen. Save the juice guys. You've been going for a while. We haven't even tapped. Give them more more tell them where to find you okay tell them more podcasts coming

okay and wrap it up yeah all that good stuff alright cool leave them one leave them one I like that he's just a great person

he's a great producer alright so our producer told us that we need to start giving you guys all the tidbits

because we're going into the really good stock tips now and the reasoning and so we need to give you more to go on. So I have been Randy, which I've been my whole life. And

Danai. I've been here for quite a while. You know, I've been Danai for quite a while. And this has been the EveryMaker podcast. It's what I put together every week, hopefully. I don't want to put myself on the line, but the second I put myself on the line saying that, I'm held to it. So let i'm held to it so let's say every week we'll get it right because we do have great production this is coming through the bam production studios it's a great great great

stuff thank you very much for this bam um look out for it look out for a lot more coming from us and i hope you liked it let me know if you liked it tell me on twitter if you liked it thanks guys all right thanks guys telling me handles ah handles or handles social media i'm at rt euro everywhere that i want you to see me and yeah on twitter i'm at rt euro pretty much it's all right it's nice column every week in the observer call every mickle which is also the name of our website every mickle.com www.everymickle.com and michael is spelled however you think it is m-i-c-k-l-e m-i-k-k-l-e that whatever you think it is it should get you there but it's every michael dot com both of them will carry you there i just i just like also every muckle will also carry you

there and just try to cover all the bases right i i tell you what you for the nerds out there i could not believe that nobody owned that website i was like every mickle.com no one knows about it immediately that's yours i got nowhere here so every mickle.com and at rt euro look out look out for that and you can find me at on twitter at hdan underscore data that might change yeah you probably should change it it's gonna change that's where you probably should change it. It's going to change. That's where you can find me now. Alright guys, thank you.