BREAKING: Stocks, Crypto, Real Estate Just Got Really BAD News | Do This NOW

BREAKING: Stocks, Crypto, Real Estate Just Got Really BAD News | Do This NOW

how y’all doing good people welcome back
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I’m your host Richard Fain nice to have
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um we’re going to just get right into no
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prepared for that now let’s go ahead
guys and get into this this financial
news um yeah stocks crypto real estate
got some really bad news got some really
bad news well I I guess I guess it
depends on how you look at it right now
as an
investor that’s me right that that
should be you or or why would you even
be watching this this this live stream
if you’re not an investor and you’re not
trying to build wealth what’s the point
right so all of us are
investors and and
anytime an investor can make some money
I think that’s a good thing especially
when you’re in the building stage of
wealth now information we’re going to go
through some people may look at that
it’s bad
news and and and it and it can be
perceived that way but I I look at it as
opportunity right so so so you got to
change the way you think especially if
you’re in the building stage of wealth
and you’re trying to buy assets at a
discount and then hold those assets long
term till they go up in value and then
create more net worth for yourself this
may not be bad news right but but but to
the average person person who’s not an
investor who has not changed their
mindset who is still a consumer and not
an investor this is bad news to them but
for you and I it’s not bad news It’s
actually an opportunity to build more
wealth right and I’ll tell you why so
let’s dive into
why and what’s happening that has caused
this bad news for stocks crypto and real
estate well GDP
now some of you might say well Richard
what in the world is GDP I don’t know
what that is that’s gross domestic
product so so what does it do why why
why am I concerned about it number one
let’s give a definition for
it so gross thetic gross domestic
product a broad measure of goods and
services
produced in the January through March
period right so when you look at GDP
gross domestic product it’s a broad
measure of goods and services produced
in the United
States right it’s measured quarterly and
it’s measured
annually
2023 right our economy right our economy
the measure of goods and services
produced in our economy grew over
3% that was
2023 Fant fantastic because the
measuring stick is we want it at least
to grow by 2% that’s the measuring
stick when when we look at
GDP how fast our economy grows in a year
we want it to at least grow by
2% right and honestly we really wanted
to
grow more than inflation grows that’s my
opinion now you may not agree with that
I’m no no scholar here I’m just telling
you it makes sense to me and and my
limited capacity to to understand this
stuff it makes sense to me if the goods
and services that I use every day are
going up in
price it would make sense
that you know I I want to make
sure right I want to make sure I’m able
to afford those
things right so here’s the thing
if inflation is going up by 2% I want my
salary to go up by
4% I always want to be ahead of
inflation now to me inflation has
something to do with
GDP again what is that the measure of
goods and services
produced right so so if the goods and
services produced in our economy is 3%
then guess what I need to make sure I
need to make sure I’m making more money
than that I want my wages to go up
higher than that because obviously I’m a
participant in this economy I’m a
participant I’m part of the measure of
these I’m I’m part of the reason these
goods and services have went up or or or
or being more more being produced I’m
part of that because I’m I’m a consumer
right I’m a
consumer
if the measure of our goods and services
produce goes down and not up what does
that mean that’s not good news for our
economy guys so as we go through this I
just want you to understand the goal
here is the measuring stick is
2% that’s the measuring stick that
that’s the minimum we needed to because
we know inflation is going to go up
right we we know the prices of our goods
and services are going to go up we know
that how fast they go up that’s what
we’re trying to control with inflation
we’re trying to control how fast they go
up in in price but we know they’re going
to go up in price we want to control
that by 2% as well that’s why the FED
won’t inflation at
2% we know it’s going to go up we just
don’t want it to go up faster than 2%
now we want our economy to grow don’t
get me wrong we do want want it to grow
but we don’t want it to grow so fast
that it jacks up inflation that that’s
the thing you got to understand guys we
want the economy to grow we just don’t
want it to be so red hot that it also
brings up inflation with it and it
outpaces our wages which has happened
since the pandemic broke out four years
ago the goods and services compounded
from a compounding standpoint have have
grown by 18% but our wage is about 3 to
4% right so that’s a bad thing we don’t
want that we don’t want the goods and
services going up in price and outpacing
our salaries that’s not good so here we
go let’s talk about this GDP number that
actually came in for the first
quarter and the personal uh consumption
expenditures index as well we’ll talk
about both of those um so the US economy
growth was much
weaker than expected to start to year to
start the year they’re talking about the
first
quarter January through
March January through March so the US
economic growth was much weaker than
expected to start the year and Prices
rose at a faster Pace the Commerce
Department reported Thursday so this
report came out yesterday gross domestic
product a broad measure of goods and
services produced in January through
March period increased at
1.6% annualized PACE when adjusted for
seasonality and inflation and this is
according to the Department of Bureau of
economic
analysis economists surveyed by Dow
Jones had been looking for an increase
of
2.4% following a 3.4 gain in the four
fourth quarter of 23 and 4.9 in the
previous period so we we we our economy
did not grow as
expected didn’t grow see we need at
least
2% now don’t get me wrong the the the
definition the the the the technical
definition for a recession is when you
have two quarters of GDP that are
negative so 1.6 is still growth it’s not
the growth that everybody was expecting
but it’s still growth it’s not a
negative 1.6 that would be bad so it
still grew at 1.6% in the first 3 months
the problem is everybody else thought it
was going to grow at 2.4 to 2 you know
they thought it was going to go grow
faster but it didn’t it didn’t we’ll
find out why here in a second consumer
spending though increased 25% in the
same
period right down from 3.3 gain in the
fourth quarter and below the 3% Wall
Street
estimated so Wall Street estimated
consumer spending would be 3% but it
only came in at two and a
half so two of those we missed estimates
right we missed the GDP estimate and we
missed the spending estimate right fixed
investments in government spending at
the state state and local level helped
keep GDP positive for the
quarter a lot of government spending was
thrown in there right whether at the
federal or state level that helped us
get the GDP to 1.6 take that out it may
have been worse is what they’re saying
it may have been worse while a decline
in private inventory investment and an
increase in Imports subtracted net
exports subtracted 0.8 6% from the
growth rate while consumer spending
contributed 1.68 percentage points so
here’s the deal all that fancy stuff all
that terminology that none of us
understand here’s my little simplest
breakdown for you the economy is slowing
down I’m just telling you for the first
quarter it slowed down the question you
got to ask yourself is
why why is it slowing down what’s
happening
what is happening to the economy that it
slowed down to 1.6% when all of last
year 2023 it was booming it ended 2023
at
3% but now it slowed down why is it
slowing down that’s what we should be
asking
ourselves and if it’s slowing down is
there an opportunity for me as an
investor to get
rich whether you want to believe it or
not Guys these these are the times where
people really build wealth when
everybody is screaming and crying and
and and and and and don’t don’t take
this the wrong way when there are
Financial blood in the
streets Financial blood in the streets
is where people get
rich typically people don’t get rich
when there is financial gold in the
streets you don’t get rich then you get
rich when there’s Financial blood in the
streets when people are panicking people
are are are are are are just you know
what I’m saying that’s when you get rich
that’s when assets are at the cheapest
and then you hold those assets till they
go back up in value so just keep that in
mind why is it retreating why did we not
grow at least 2% in the first quarter
let’s keep
reading let’s keep reading cuz it’s
going to give us some idea of what’s
Happening
Here there was some bad news
on the inflation front as
well not
only did the economy not grow at least
2% it came in at 1.6 not only did it
didn’t grow not only is the economy
slowing down
shrinking either it’s growing or it’s
shrinking would you agree with that
either we grow or we
shrink We Shrunk now technically some
people might say well Richard high in
the world could just say it shrunk when
it still is a positive well it’s a
positive but when you base it off what
expectations were We
Shrunk right expectations was
2.4% We Shrunk to
1.6 when we look at the measuring stick
from the last quarter which is fourth
quarter
2023 We Shrunk fourth quarter 2023 was a
monster We Shrunk there’s a reason why
we’re shrinking right right so let’s
keep keep moving not only did we get the
shrinkage in the economy but we also got
bad news on the inflation front as well
double wiing again though how do we look
at it we can look at it as what bad news
or we can look at it as what
opportunity because we know when we get
bad news in our economy when we get bad
news about inflation what happens to
assets typically they go
down that’s the way the world Works guys
when we get bad news economy wise
inflation wise interest rates wise
assets do
what when we get good
news economy-wise when we get good news
about inflations going down and we get
good news when interest rates are going
down what do assets do
they go up just keep that in mind as we
read through this whether you’re going
to think about this as bad news or
whether you going to think about this as
opportunity because we coming to the
opportunity part here in a second see
this is what I think about anytime I see
Financial blood in the streets the first
thing comes to mind for me is is what
assets can I go pick up at a discount
and get
rich that’s how I think that’s how
that’s how my little filter system
thinks hopefully your filter system is
thinking that
the personal consumption expenditures
pce price index a key
inflation variable for the Federal
Reserve Rose at a
[Music]
3.4% annualized pace for the first
quarter it’s the biggest gain in a year
and up from
1.8% in the fourth quarter
that’s not good news that’s not good
news but is it an
opportunity right that’s not good news
if you’re a consumer and you’re you’re
not thinking about Building Wealth
you’re just thinking about buying
liabilities and and and getting more
loans and and and and you know spending
your money on things that make other
people wealthy that’s bad news to you
but if you’re an investor you’re going
to use this your advantage to build
wealth you’re going to use to your
advantage to build wealth excluding food
and
energy core
pce Prices rose at
3.7% rate both well above the fed’s 2%
Target I keep telling you guys
something’s getting ready to
happen something’s getting ready to
happen something’s getting ready to
happen a lot of people F to get rich
there are a lot of people getting ready
to get rich I’m one of them I hope you
are ready to get rich I hope you got
your mindset right I hope you got your
War chest right I hope you got your
financial house in order to get rich
because if you don’t you ain’t going to
get
rich you’re going to get poor I I hate
to say that and I’m not trying to make
you feel bad I’m just trying to paint
this picture of you you got to get
yourself ready
you got to get
ready somebody’s getting rich over these
next 10 years over these next two years
over these next 5 years somebody is
going to get rich I’m going to be one of
them
somebodies I’m not sure about you I’m
going to be one of them somebodies I can
guarantee you that let’s keep reading
excluding food and energy core pce
rolls
right by 3 . 7% both were well above the
fed’s 2% Central Bank officials tend to
focus on core inflation as a stronger
indicator of long-term trends so here’s
the situation guys if
pce according to what they’re saying
this is what the FED hangs their hat on
right this is what they gauge inflation
on is moving
up not down so what does that do for
interest
rates what are the fed’s choices for
interest
rates they got to keep them higher for
longer or they got to increase
them there ain’t no decrease how can you
decrease interest rates when inflation
is going up you
can’t you got to increase interest rates
when inflation is going up to force
inflation down now I’m not saying
they’re going to increase but you do
know they’re meeting next Tuesday and
Wednesday ail 30th May 1 you do know
they’re going to look at it they’ve
already looked at this pce
report they already see what GDP did
they’ve already seen the last three CPI
reports they’ve already seen the last
three job
reports what do you think they’re going
to do with interest rates next
week what do you think on May one when
they make the decision on interest rates
what is it going to be I wonder
inflation is still going up I doubt
they’re going to
decrease I doubt it but is that bad news
or is that an
opportunity you got to make the decision
on that I can’t make it for you I can’t
make that decision for you you got to
figure out on which side of this thing
are you going to be on you going to be
on the bad news side and and and and
cave in and and and and believe all the
propaganda and all this other crap or
you going to be on this side over here
that says you know something that’s an
opportunity that’s an opportunity for me
to get rich that’s an opportunity for me
to build some wealth and put some pot of
gold put some gold in my pot at the end
of the rainbow you got to make that
determination guys the price index for
GDP sometimes called the chain weighted
level increased at 3.1% rate compared to
the doubt estimate of three
that don’t sound
good I’m no I’m no
Economist but that don’t sound good if
we if we expected 3% but it came in
higher that don’t sound good that would
that that would you throw in inflation
right that don’t sound good markets
here’s what the effect on the stock
market I told y’all we get to the
opportunity didn’t I I told you just
hang in there with me we’ll get to the
opportunity here here’s the opportunity
let’s read about the opportunity real
quick see if I’m an investor I’m waiting
on
opportunity I got the war chest ready I
got the mindset right I got the
financial house in
order I got my brokerage account set up
I got money in that brokerage account
ready to strike like a like a king cobra
you ever seen a k king cobra when them
jokers ready to strike you ever seen a
king cobra I’m talking about a snake
it’s a it’s called king cobra you ever
seen that suckle before it’s ready to
strike that’s where we should be as
investors we should be like a king cobra
coiled up and ready to just decimate
something decimate these the these these
these Blue Chip Big Boy paper assets and
and ETF we should
be I I’m telling you guys somebody going
to get
rich somebody going to get
rich somebody why can’t that be us why
can’t we get
rich Let’s Get
Rich but you got to be ready you can’t
be like a days ago and oh golly I got to
know everything about everything before
I can do anything that’s just an excuse
and you’re going to stay broke this
opportunity going to miss you you’re not
going to get rich you’re going to stay
right where you’re at you you you got to
get out of that mind
frame right you got to get in this mind
frame like I said you got to be like a
king cobra ready to
strike let’s talk about this opportunity
markets slumped following the news with
Futures tied to the
Dow off more than 400 points treasury
yields moved higher with a benchmark
10-year note most recently at
4.69 so here’s the
thing and I’ve explained this let’s
explain it again because I think it’s
worth us talking about
again so when Big Boy
investors big boys I’m talking about Big
Boy investors Wall Street firms
billionaires hedge
funds Big Boy investors control 75% of
the activity in the stock market Big Boy
investors when Big Boy investors hear
bad news like this remember Big Boy
investors are short-term
investors retail investors like you and
I we should long-term investors why Big
Boy investors are dealing with billions
and trillions of dollars so they got
they can be shortterm they can move
their billions and trillions into
something for 30 days 60 days move it
out and make
billions right you and I we we dealing
in hundreds and thousands not billions
and trillions we’re dealing in hundreds
and thousands so for us to move in and
out of something with hundreds and
thousands we create pennies they create
billions of dollars because they’re
dealing with billions of dollars we’re
dealing with hundreds of dollars and
thousands of dollars so we don’t make
much so the only way we going to get
rich is we got to put our thousand our
hundreds and keep it in there for a long
period of time like 10 years then we get
rich Big Boy investors don’t have to do
that because they already rich see it’s
one thing when you’re already rich and
you’re in the stock market it’s easy to
come in and out of it cuz you’re already
rich but when you ain’t rich and you
trying to get rich it ain’t no get in
and get out real quick cuz you making
pennies you got to get in and stay in
and put more in and put more in and put
more in and wait 10 years then you get
rich that’s how it works so 75% of the
market are big boy investors who are
already
rich they can move in and out of this
stuff so what happens is when they get
bad news guess what they do they move
their money out and put it in something
else that’s what they put it in it’s
treasuries one of the instruments they
put their money in until they’re ready
to move back into the market again is is
treasuries be us treasuries it could be
money markets where they can hold that
money and get them three four five six
not not three to 5% return right they
can do short-term treasuries bills I
think bills are shortterm you got bills
notes and bonds bonds bonds are longterm
right but you can do you can do bills
you can do notes and you can do
bonds all of treasuries or you can go to
a money market or you can do some type
of overnight investment sweep it back in
the next morning you can do a lot of
stuff when you already got billions of
dollars when you ain’t got billions of
dollars like most of us I don’t have
billions of dollars so what I have to do
in order to build my wealth is is I got
to get what I do have and I got to
consistently put it in buy these assets
keep them hold them buy more keep them
hold them let them Compound on each
other let get the dividends reinvest the
dividends let them compound and then in
10 years from now I’m
rich that that’s how it works that’s the
tradeoff right because we don’t have
billions that’s okay though I got
time see I got time I got
patience I did it for 30 years guys and
made a lot of money seven
figures doing exactly what I’m telling
you to do even though I’m not a big boy
investor I still made Seven figures
doing it the way I did
it and I I’m still a relatively young
man good
health great
lifestyle don’t want for nothing Own
100% of my
time I’m just telling you guys you you
you you got to you got to look at this
as an opportunity right add some
patience to your lifestyle it it’ll be
good for you markets slumped following
the
news with Futures tied to the Dow down
by 400 points treasury yields goes up
why do treasury yields go up why because
you get
more demand for treasuries when the
stock market goes down Big Boy investors
take their money out and they’re looking
for somewhere to put it they put it in
treasuries that makes more demand for
treasuries when treasuries have more
demand what do they do they go up an
interest rate because it’s more
Demand right anytime the stock market
starts doing good Big Boy investors
start coming back what happens to
treasuries they go down why lack of
demand this is how it works they come
out of the stock market they go into
treasuries they leave treasuries they
come back into the stock market that’s
how it works this was this was a worst
of Both Worlds report the worst of Both
Worlds report
slower than expected growth I just told
y’all didn’t I tell you five minutes ago
the economy is slowing down it’s slowing
down it’s slowing down it’s
shrinking that’s what they’re telling
you here now I’m not that smart I’m no
but but the basic understanding of our
economy I got the basics down I got the
basics
down right I I I know if last year it
did 3% all year and in in the fourth
quarter they what did they say it did
4.9 in the fourth quarter something like
that let me go back and look at that
make sure I don’t get that wrong what
did it say in the fourth quarter it
did I missed that part but in the fourth
quarter there it is so it says The
Economist survey by do Jones had been
looking for an increase of 2.4 following
a 3.4 gain in the fourth quarter of 2023
so in 2023 fourth quarter it did
3.4% that’s what it grew
I ain’t real good in math but if I take
3.4 against
1.6 the 3.4 is higher so if 3.4 last
year just one quarter ago and now you do
1.6 that’s shrinking it shrunk from the
last quarter the last quarter was 3.4%
growth amazing it shrunk down to 1.6 not
amazing right so you ain’t got to be
that smart to figure that part out right
not that smart to figure that
out so here we go this was the worst of
both world’s report slower than expected
growth higher than expected inflation
that’s a that’s the that’s that’s the
bad news growth slowed but inflation
went
up that’s what I’m telling you that’s
the that’s the financial blood in the
streets inflation goes up but growth
goes down not good unless you’re an
investor like you and I unless you’re
somebody that’s trying to build wealth
this is not a bad report if you’re
trying to build wealth right that’s my
opinion you may
disagree we are not far from all rate
Cuts being backed out of investor
expectations
so this guy who works for CIBC private
wealth group he basically went on record
and said this is not good news guys if
we’re trying to get the FED to reduce
interest rates we’re almost at a point
right now where you can take rate cuts
off the table in
24 that’s basically what he’s saying
he’s saying you you’re pretty much at
the point where the FED is going to have
to come on record now they probably
won’t but he’s thinking they will well
he ain’t think they will I’m thinking
they will come on record and say no rate
Cuts if that happens
guys what a great OPP it’s going to be
some it’s going to be some opportunities
cuz I’m tell you the stock market will
sell off and it will sell off big but
don’t panic Don’t Panic look at it as an
opportunity to get rich that’s what I do
I look at it as an opportunity to get
rich so here we go we are not far from
all rate Cuts being out of investor
expectations it
forces Fed chair Jerome Powell into a
hawkish tone for the next for next
week’s
fomc
meeting it listen man this is a perfect
storm getting ready to happen now I know
some of y’all going to freak out if the
stock market sells off by 20% a lot of
y’all gonna freak out I’m not
as soon as it sells
off I’m I’m all in soon as it sells off
if it sells off if it sells off I’m in
even
more because I know it’s temporary
that’s the key guys it’s temporary if it
sells off it’s temporary right it’s
temporary but it’s an opportunity for us
to build some wealth if we know what
we’re doing and paying attention and not
being afraid if we’re not afraid and
we’re willing to execute and we got the
war chest we got the financial house in
order we got the attitude in order we
got patience in the game plan we’ll get
rich we will get rich like fat rats we
will get
rich the report comes with markets on
edge about the state of monetary policy
and when the Federal Reserve will start
cutting its Benchmark interest rates the
FED funds rate which sets what banks
charge each other for overnight limit in
that’s not the rate you get oh Richard 5
and a half that’s not that bad of a rate
what do you mean that’s pretty dang on
good the problem is you don’t get that
rate you don’t get that rate that’s what
banks borrow money from each other
that’s what they get it what the rate
you get going to have 3% jumped on top
top of it at least that’s called a prime
rate that’s what you get that’s what I
get so when I go in the bank I don’t oh
hey hey uh Mr Bank of America Mrs Bank
of of
America here’s how it’s going to work
I’m your customer and I want that fed
funds rate at 5 a half to get this car
loan do do you got that they’re going to
say well sir M Mr Fain uh unfortunately
that’s not your rate your rate is 7 and
a half 8 and A2 9 and A2 10% that’s your
rate take it or leave
it you don’t get the FED funds rate I
don’t get the FED funds rate we get the
prime rate or higher that’s what we get
right we get the prime r or higher so it
says the the the FED funds rate which
sets Banks uh what banks charge each
other for overnight lending is in a
targeted range between 5 and A4 and 5
and a half the highest in some
23
years over 20 years guys the FED funds
rate ain’t been that ain’t been that
high the central bank has not hyped
since July 23
investors have had to adjust their view
of when the FED will start easing as
inflation has remained elevated The View
as expressed through Futures Trading is
that rate reductions will begin in
September with the FED likely to cut
just one or two times this year Futures
pricing also shifted after the GDP
release so all that means is you got
these you got these people who predict
what the stock market is going to do in
the future and they call it the Futures
right because the market don’t open till
what I think 9:30 maybe 9:00 9:30 one of
the two I don’t know when it open but
when it if
somebody if a report comes at 8:30 in
the morning or if it comes in at you
know after hours then people are
predicting the next day what the market
is going to do that’s what Futures is
that’s all it is it’s a it’s a
prediction of what the S&P 500 will look
like the next day it’s a prediction of
what the dowal will look like the next
day it’s a prediction of what the nas de
will look like it’s a prediction of what
US Treasury rates will look like that’s
all it is is a prediction but they use
data like this to make that prediction
so when this data came out early this
morning they were like oh girl oh my God
oh my God the the the future’s
prediction for when the market opened
was terrible
but is that bad or is that an
opportunity we’ll talk about an
opportunity here in a second I keep
telling y’all guys this is where people
get rich people get rich when when when
when there is
chaos remember what your boy Warren
Buffett said right be
greedy when others are
fearful this would be the
fear the fear is coming right now is the
fear see be greedy when others are
fearful the fear is starting to come in
people are starting to retreat from the
market pull money out of the market
stocks are going down ETFs are going
down people are
fearful that’s when it’s time for us to
be
greedy that’s where we got to have the
war chest ready we got to have the
mindset ready we got to have the
financial house in order we got to have
the execution the game plan ready to
execute we got to know exactly what
we’re buying we got to be laser focused
if we want to get
rich be greedy when others are
fearful be fearful when others are
greedy just saying just saying just a
little bit of warm buffet for some of
y’all out there that follow waren
Buffett just a little warm Buffet this
morning little warm
Buffet little warm Buffet so here we go
here here we go Futures pricing also
shifted after the GDP release with
Traders now pointing to just one cut in
24 the economy will likely
decelerate
further in the following quarters as
consumers are lightly near the end of
their spending
Splurge remember all those videos I did
when I told y’all you
I I of to remind you guys of this we had
$2
trillion in person savings 3 years ago 2
trillion guess what they’re telling you
now we’re coming to a zero that’s that’s
about zero it’s about it’s about gone
and that’s what they’re telling you
they’re coming to the end of their
spending
cycle they’re spending
Splurge so so here’s the thing you got
three three three ways the common folk
you and me not the 1centers cuz they got
assets three ways the common folk like
you and
me buy things three ways right we got
three ways one is what our personal
savings personal savings is one the
other way we buy things is through what
our wages the money that we make from
either our company or our our job and
then the third way we spend money how we
get money to spend is through borrowing
money from Banks and L lenders and
payday loan lenders and tote the title
lenders and all these other people right
those are the three ways we access money
you do understand we’re down to
one can’t borrow money no more cuz rat’s
too high can’t borrow money no more
banks are starting to tighten up their
lending guidelines no longer can you
walk in there and I’m not I’m not listen
I’m not one of my folks sent me an email
and and she she’s trying to figure out a
way to make this thing work she said hey
I got some money in the bank but I hey
should I go out and borrow
money and and take that money and do
something with it and I said
well what you going to do with it well
I’m going to take it and you know I’m
going invest it and do some other things
what’s going to be your collateral oh I
ain’t going to have no collateral I’m I
got good credit I’m just going to go in
there with the good credit in in in my
income and I’m I want this six figure
loan and I had to be honest with him and
say honey I I mean you know listen good
luck to you but I don’t know a bank in
America that’s going to let you walk in
there and get a sixf fig loan
unsecured with no Investments with them
no way for them to to feel com it’s not
going to happen it’s not going to happen
now if you trying to go in there and buy
piece of real estate that’s different
because they take the real estate as
collateral but if you going in there and
trying to get a sixf fig unsecured loan
because you got get good credit that’s
not happening that’s not going to happen
definitely ain’t going to happen from
none of the big boy Banks that’s that’s
off the table you you I guarantee you
ain’t going to walk into Bank of America
and say Hey I want $150,000 loan and I
got no collateral I got no money with
y’all I got no
collateral but I got good credit in a
job that’s not going to happen some day
that that’s gone they’ve tightening up
that’s gone that’s gone that’s not going
to happen so
so you can borrow money cheap
anymore so so for most people since it’s
so expensive to borrow money they don’t
borrow it they figure out other ways now
you don’t have any personal savings a
lot of us have have have blown through
our personal savings that’s what this
guy is saying here he’s saying the
economy will likely decelerate even
further following in the following
quarters as consumers are likely near
the end of their spending
Splurge because they got no access to
loans and they got no personal savings
the only thing they got left is wages if
something happens to the labor
market it’s going to be disaster it’s
going to be disaster if that labor
market slows down that’s the only thing
saving the consumer right now is the
labor market in my opinion the only
thing right so savings rates are falling
as sticky inflation puts greater
pressure on consumers
exactly 2
trillion almost to zero right now under
100 billion from 2 trillion under 100
billion and that’s what he’s telling you
pressure why your goods and services
went up 18% in four years but your wages
went up 4%
pressure
pressure we should expect inflation will
cause we should expect inflation will
ease throughout this year as aggravated
demand
slows although the path to the fed’s 2%
Target still looks a long ways off I’ve
been telling y’all The New Normal is
what 3% inflation is The New Normal I
don’t believe we ever get back down to
2% that’s my opinion could be dead wrong
but I’m giving you my little two cents I
don’t think we ever get back down to 2%
and stay there unless something
catastrophic happens right where where
we throw ourselves in such a deep
recession that it has to cuz ain’t
nobody buying nothing that’s the only
way it gets that’s the only way it gets
under to 2% they’re going to throw us
into a recession to get us there absent
recession we don’t get
there absent a a a a catastrophic event
in our labor market we don’t get there
so the FED got a decision to make do
they throw us in a recession or do they
just reset and say okay inflation The
New Normal is 3% or they throw us into a
recession that’s their choice they got
to make a decision you throw us into a
recession to get to the 2% or you just
leave us at 3% start reducing rates and
we just keep moving on that’s it you
don’t get the 2% unless you throw us
into a recession period that’s my
opinion consumers generally have kept up
with inflation since it began
spiking though Rising inflation has
eaten into pay increases keep telling
y’all that I keep telling y’all this the
personal savings rate decelerated in the
first quarter to
3.6% from 4% in the fourth quarter
income adjusted for taxes inflation Rose
1.1% for the period down from
2% so your savings rate went down from
4% to 3.6% your savings rate went down
compared to your salaries right so they
were saying in the fourth quarter when
people from their salaries they were
taking 4% and putting in savings from
the
salary first quarter this year it went
down to 3.6 % saving from the salary so
it’s going down and they’re saying
income adjusted for taxes and inflation
Rose
1.1 for the period down from 2% spending
patterns also shifted in the quarter
spending on Goods declin
0.4% in large part to a 1.2% slide in
bigger ticket purchases for longlasting
items classified as durable goods
Services spending increased 4% it’s the
highest level since the third quarter of
2021 so here’s the thing people said you
know something I ain’t going to get the
big screen TV I ain’t going to get the
new
couch right I ain’t going to get the new
wash and
dryer but I’m going still go out to
eat I’mma still go me a vacation though
that’s what people are doing they said
the hell with the big screen TV I don’t
need a new wash and dryer I’mma hold off
on the on on the new the new living room
set but D be dog on if I’m going give up
going out to eat that be dog on if I’m
going give up my
trip that’s basically what he say that’s
listen man I’m just read what the man
telling me what what the thing say right
here giving you my P I’m telling you
what it’s what it sound like to me
people say look listen to it spending on
Goods declined 0.4% in large part to a
1.2% slide in bigger ticket purchases
for longlasting items classified as
durable
goods TVs wash and dryers you know what
I’m saying uh living room set bedroom
set patio first all that stuff they was
like you I can do without that but I
cannot do without going out to eat and I
got to get my
trip but Services spending increase
Services Services increase though
4% a buoyant labor market has helped
underpin the economy I keep telling
y’all something happened to that labor
market going to be a lot of financial
blood indust streets man if something
happens to this labor market because
that’s the only thing survive it that’s
the only thing holding this whole thing
together the only thing holding this
economy together right now is the labor
market that’s it that’s
it a buoyant labor market has helped
underpin the economy the labor market
the labor department reported Thursday
that initial jobless claims total
207,000 for the week of April 20 down
5,000 and below the 2115 estimate and a
possible positive sign for the housing
market a residential investment surged
13.9 its largest increase in since
fourth quarter of
2020 so residential
investment and I’ve been telling you
guys that’s really the only thing I
would be doing with residential is
investment for income I wouldn’t be
buying houses to just live in and it
just take money out of my pocket the
only way I buy real estate right now
it’s an investment for income and that’s
what you’re telling you that jumped says
a positive sign for the house Market
that residential investment surged
13.9% I would say those are really smart
people those are really smart people
that understand even though prices are
higher the price don’t matter because
I’m going to go in and negotiate me a
deal off of that sales price I’m going
to get me 10 or 20% off of the sale
price because why I got a war chess I
got my financial mind right my financial
house is in order I’m ready to buy and
I’m going to put me a Ted in that
property that rental income is going to
pay for everything yeah I’m going to get
a 7 and a half% interest rate but in a
couple years I’m just going to refinance
it Bingo see I ain’t going to go in and
pay this guy full price why cuz ain’t
nobody else paying him full price cuz if
there were he wouldn’t still have it for
sale it’d be sold ain’t nobody going to
pay you no full price I don’t care what
the prices say they’re not doing it if
you’re smart you find your property in a
really good location you find where you
can make the most rent you can make you
tell that seller listen buddy or or
ma’am I’m going give you 20% of what are
you asking for it I’m ready to close
right
now I guarantee you they don’t turn it
down now ain’t going to turn it down
they ain’t going to turn it down now if
it’s some you know mansion and the three
four5 million mansion they might try to
turn it down but ain’t no regular person
like you and I with a regular rental
property going to turn that down
especially if we’ve been on the market
for 6 months and ain’t sold it they’re
going to sell it somebody come tell me
they’ll give me
20% less than what I got my property
listed for sale I’d sell
it I’d give them the 20% discount and I
would sell it so I know there are other
sellers out there just like me so I
don’t whoever these people are kudos to
them they know what they’re doing they
know what they’re doing oh I’m going
wait till prices come down I’m going
wait till rates come down you going to
miss all the opportunities doing that
cuz when them rates come down guess
what’s going to that’s going to go up
demand see you think you going to get a
deal when the rates come down no no no
you’re not going to get a deal because
there’s going to be a billion other
people trying to get real estate too
when the rates come down how you going
to get a deal when you got all this
competition out here it’s going to drive
up prices the deals are right now this
is where you get a deal right now when
there is no
demand this is where you get deals in
real estate guys when there is no demand
you it becomes it becomes a
seller who’s had that property for 6
months he’s had a 100 people come
through there and look at it kicking
tires and rolling down Windows but ain’t
buying nothing you come in there and say
listen man you don’t had this thing on
the market for 6 Months 8 months 12
months here’s an offer for you I know
you want X but I’m going to give you 20%
less than that and I’m ready to deal
right now I’m ready to sign the deal now
I’ll give you 20% less than what you’re
asking Bingo there you go I keep telling
y’all guys it’s how you want to look at
it you can look at it as a bad news or
you can look at it as an opportunity to
get rich this is where people get
rich when there’s Financial blood in the
streets let’s keep moving Thursday’s
release was the first of three
tabulations the Bea does for GDP first
quarter readings can be subject to
substantial revisions right whatever
whatever whatever so here we go there we
go that’s where we stand right now with
the estate with the the state of the
economy GDP numbers came
out economy is
shrinking the economy is officially
shrinking but inflation is going
up economy is shrinking but but
inflation is going up so what do your
big time investors do they start pulling
their money out of the market put it in
treasuries put it in money markets to
wait out this thing so what do you see
happen to the stock market it sells
off it sells off what do you see happen
to us treasuries they sell
up stock market sells down US Treasury
sell up why cuz that’s where the money’s
going the money’s leaving the stock
market and going to us treasur IES why
should we do that Richard because we
don’t have enough money to do that see
these guys got billions of dollars over
here that do that so they can afford
they they don’t already made a lot of
money right they they got billions of
dollars so they can flow them in and
flow them out at their Leisure you and I
can’t do that cuz we haven’t built
enough wealth yet see we’re in a
building stage of wealth these people
are already wealthy they can do that
we’re not the same investors we’re much
different than them right we we’re
long-term guys they’re short-term
guys but both of us can get rich both of
us can get rich that’s the way I look at
it we both can get rich right so so so
here’s an opportunity that I’m going to
share with you that I believe is an
opportunity to get rich here it is
here’s the
headline meta stock plunges 15% as
company plans to invest heavily in
artificial
intelligence you got to also understand
the earnings report came out yesterday I
believe
Wednesday and we’re going to discuss
that as well and why I believe there’s
an opportunity here guys this is a
magnificent seven
company meta is meta is valued as the
seven most
valuable company in the world meta is
now they may have slid a little bit
because they took a little bit of little
bit of hammering on the stock
price this morning after clo after hours
yesterday and this morning they’ve taken
a hammer to the stock price but that’s
an opportunity to get rich in my opinion
right that’s an
opportunity now the Magnificent 7 like
I’ve been telling you guys Mumu is going
to give you 10 fractional shares of The
Magnificent 7 10 10 free fractional
shares of The Magnificent 7 when you go
down to the description box click on
that momu link open up your new Mumu
account today go get that free stock go
get that free money
meta Apple Tesla Nvidia Microsoft Amazon
alphabet AKA Google you’re going to get
10 free fractional shares of all of
those
companies in your new mumu account when
you put $100 in there and then you can
take the $100 and continue buying
fractional shares of The Magnificent
Seven get down to the description box
guys and click on that Momo link what
are you waiting on
remember remember we got to be ready to
go we got to be like a king cobra we got
to be ready to strike on these
opportunities who turns down 10 free
fractional shares of The Magnificent 7
who turns that down I don’t know down
int description box first link let’s
keep moving one reason for the pop in
net income let’s go back up here to the
top let’s start at the top meta shares
plunged more than 15% and extended
trading on Wednesday after the company
issued a light forecast which
overshadowed better than expected first
quarter
results Revenue increased
27% from 28.6 5 billion in the same
period a year earlier the fastest rate
of expansion for any quarter since
2021 net income more than doubled to
12.37 billion or
$471 per share from
5.71 billion or $2.20 a
share just a mega company I mean a mega
company right one reason for the pop in
net income is is that while Revenue
growth accelerated sales and marketing
costs dropped 16% in the quarter from a
year ago so not only are they killing it
on the revenue the Topline Revenue
they’re killing the Topline Revenue
they’re also managing their expenses
better which does what make that net
profit go through the roof so they’re
they’re increasing Revenue they are
managing the expenses better which
breathes what more net profit more net
profit for people like you and I to
participate in from a shareholder
standpoint through what dividends and
stock appreciation baby that’s how you
get rich so I tell you man these Big Boy
Blue Chip companies they don’t mess
around meta is one of them it’s an
opportunity it’s an opportunity to get
rich put Meadow on the short list I’m
not sure what we’re waiting on put them
on the short list meta said it expects
sales in the second quarter of 36.5
billion to 39
billion that’s another 10 billion jump
guys from the first quarter you do
understand that
right wow so in the first
quarter they did 28 billion that’s first
quarter they’re expecting in the second
quarter see and the reason I’m telling
you guys this is a a lot of y’all are be
be asking well why would you buy that
why is this this is
why I’m telling you exactly why it’s on
the short list and why I buy
them this is
why listen up so first quarter they do
28 billion in
Revenue this is first
quarter they also double net income you
do know what net income is right that’s
profit baby that’s profit baby if I’m a
owner of meta guess what that’s profit
to me too two ways dividends if they and
I’m not sure meta pays dividends but
dividends if they do if they don’t no
big deal I’ll take it in the stock
appreciation now some of y’all know more
than I do I don’t know cuz I don’t worry
about no little dividends from meta I
don’t worry about no little dividends
from the video I don’t worry about if
any of them pay them I don’t care
anything about them I just reinvest them
if they’re pay cuz I do it through the
S&P and I do it through individual stock
so if they pay them great if they don’t
I don’t care I’m in these fast growing
companies for their stock appreciation
not for their dividends so I could care
less if they pay them don’t really care
all I care about is the stock
appreciation because that’s where I get
rich I get rich in the stock
appreciation not the
dividends right I look for dividends
when I get rich when I’m filthy rich and
I got my pot of gold at the end of the
rainbow and and I’m ready to take income
from it then I go look for dividends
well I’m in the building stage of wealth
all I’m looking for is stock
appreciation that’s it stock
appreciation and here’s the deal you
double your net income they went
from they went to they did
12.37
billion in the in net income in the
first
quarter when you look at them last year
year-over-year in the first 4 to 23 they
did 5.71 billion they basically doubled
their net income guys you don’t do that
unless you are a fast growing company
that people are paying attention to you
don’t become the seventh most valuable
company in the world unless you’re doing
something right unless you’re
multiplying money this is why you would
invest in
meta here’s what they for for next
quarter second quarter they forecast for
second
quarter before I get the second quarter
and then here’s a sign of a great
company guys they increase Topline
Revenue but they do not increase
expenses matter of fact they decrease
expenses that’s the sign of a
winner that’s the sign of a
winner that’s the sign of a winner they
dropped 16 here it is one reason for the
pot in net income while growth
accelerated they did more
growth sales and marketing costs dropped
16% come on man some of y’all know what
I’m talking about some of y’all are like
what guys Topline revenue is
increasing expenses are
decreasing net profits double if I’m a
shareholder I’m getting
rich because I’m I’m I’m part of I’m
part of meta I’m a shareholder I’m an
owner I’m an owner I’m not just a user
of Facebook oh goly looking for goofy
little things on Facebook little funny
funny videos oh look at that oh look at
that uh alligator attack that deer ooh
No I’m trying to get rich that’s why I’m
buying Facebook that’s why I’m buying
meta I don’t care anything about them
videos they have on Facebook
I don’t care about none of that stuff
they have on Facebook other than can you
increase Topline revenues can you
decrease expenses can you double net
profit that’s all I care about with meta
and they’re doing it they are doing it
here’s second quarter expectations meta
said it expects sales in the second
quarter to be 36.5 billion to
39 the midpoint of the range
37.75 billion would represent an 18%
year-over-year
growth and is below analyst average
estimate of 38.3 billion the stock
selloff accelerated early in the
earnings call after CEO Mark Zuckerberg
jumped into his discussion about
Investments namely in areas like glasses
and mixed reality where the company
doesn’t currently make money see
investors don’t like that they don’t
like that they want you to stick to your
core
competencies Facebook don’t be trying to
go out here and be some
reality uh AI company you need to stick
to what you do letting people put
pictures on Facebook let them put the
little videos on Facebook and and and
and doing what sell an
advertisement to these companies that
want to get attention to your 2 billion
subscribers or two billion whatever they
call them Facebook people that’s what
you need to stick to Facebook not trying
to get out here and be some AI company
and trying to do virtual reality and all
this other crap that you ain’t going to
do nothing but just spend money and lose
money in because you don’t know what the
hell you’re
doing see even the biggest companies in
the world guys they want to get outside
of their skill
set right I’m I’m I’m very good at
playing in the NFL I’m a All Pro I’m
making a bunch of money but guess what I
want to go over here and do mixed
martial arts
too I want to go in here and wrestle in
the WWE
to see what I’m saying ain’t no
different with these companies these
meta is the biggest thing on the planet
when it comes to social interaction
between human beings biggest thing on
the planet that ain’t good enough for
them they want to also want to go out
and be some they want to be
apple they also want to be apple
you know what I’m saying it’s just
stupid and they paid the price for it in
the stock price cuz the stock price
tumbled when he came out there on that
damn earnings call and started talking
about all this AI stuff all this virtual
reality stuff them investors killed him
and the stocks tumbled by like $65 a
share that’s what happens though you
have a great earnings call where you
killing it then you introduce some
stupid stuff and then what happens till
you stop it loses $670 a
share but is that bad news or is that an
opportunity for us I said it’s an
opportunity because guess what I
guarantee you he retracted all of that
crap he said I guarantee you he does I
guarantee you he retracts it so here’s
the deal here’s the deal Zuckerberg
jumped on discussion about Investments
namely in areas like glasses and and
mixed reality where the company doesn’t
currently make any damn money why would
you try to put something in money Jo
make no money in this stick to your core
competencies stick to advertising and
letting people put goofy videos and
things like that on Facebook and
pictures and all that stuff let them do
that stick to your core competencies
stop trying to be a virtual reality
company too stop trying to be apple stop
trying to be all these other damn
companies be you you’re killing it bro I
I if I if I could talk to him Z look
here Z come on man you kill me but
that’s okay keep on saying stupid stuff
so your stock price can go down to $300
a share that’s going to just make me
Rich Z so keep on keep doing it keep
driving the stock price down to $300 a
share great thank you appreciate you Z
click that’s the conversation I’d have
with it keep on driving down the price
so I can keep buying it and get rich the
company no longer reports daily active
users and monthly active users it now
gives a figure for what it calls family
daily active
people boy these guys man the number was
3.24 billion for March a 7% increase
from a year ago I try to tell y’all guys
these guys are beast man you’re talking
about
3.24 billion people families I guess
that’s what they call it now meta has
raised investor expectations due to its
Improv D financial performance in recent
quarters leaving little room for error
the stock is up about 40% this year
after almost tripling last year I told
y’all man in 22 you could buy these guys
for under $100 a share in 22 you could
have bought meta for under $100 a share
they tripled last year up 40 this year
crazy crazy crazy
crazy in Fe February 2023 Zuckerberg
told investors it would be the year of
efficiency which initiated the
rally at the time Zuckerberg said the
company would be better at eliminating
unnecessary projects and cracking down
on bloat which he did but now he’s
trying to reintroduce more
bloat right more projects that they
ain’t going to make no money on with
this virtual reality crap they going to
make no money they don’t know what
they’re doing they know what they’re
doing they’re not going to make any
money so you you you know the you
know the the the game plan you you know
the plan that works for Facebook just
stick to that nope not us we now want to
bring in we want to be apple we want to
be some virtual reality company we want
to give people we want to get some some
goggles like uh Apple just stupid man
but hey keep doing it cuz that’s going
to drive the stock price down and allow
us to get rich so go right ahead go
right ahead Zuck
at the time Zuckerberg said the company
would be better eliminating unnecessary
projects cracking down on blo which help
meta become a stronger and more Nimble
organization bro you did that you
tripled your stock price in 23 you did
exactly what you but now you’re trying
to go back to the old Zuckerberg trying
to be everything and to all the world no
bro you can’t do it you don’t got that
skill set your company don’t got that
skill set February of the this year that
hiring will be relatively minimal
compared to what we would have done
historically head count declined by 10%
in the first quarter I told yall these
big companies are firing people cutting
things
off they’re doing that let let’s get
down to the part where the stock price
tumbled let’s see where let’s get to
that part where the stock price
tumbled cuz it did it took a major hit
okay let me just go look up the stock
prices like they going to tell me that
let’s see what it’s doing right now
because it lost like $70 a share
overnight and this
morning yeah yeah see they at $430 a
share right now guys they are right now
just today 133% on discount guys this is
what I keep telling y’all this is the
opportunity where you strike like a king
cobra when you find a company that I
just went through their first quarter
earnings where they killed it I’m
talking about killed it and what they
project for the second quarter and
you’re not putting this on a list to buy
and they’re what
$64 their stock price is down $64
guys this wasn’t a company I just
reported bad news from financials these
these dudes killed it you’re talking
about they doubl their net income from
5.81 billion to almost 13 billion
year-over-year double
it they are trading at
$429 a
share this was a $500 a share stock guys
basically a day ago what changed what
changed it wasn’t their it wasn’t the
earnings report cuz they killed it they
killed the earnings report you know what
changed Zuckerberg went on there and
start talking about all this crap that
they have no idea what they doing that’s
what
changed that’s what a CEO can do to your
stock price he went on there and start
talking about all this AI stuff and all
this virtual reality and mixed virtual
mixed reality all this goofy stuff that
they have no idea what they’re doing
number one and you’re going to pile a
bunch of money into that and not make a
DME like they’ve done in the past but
when they right the ship started cutting
out all the fluff all the crap and just
focused on the the core
competency they flourish they reduce
expenses by 16% they they increase
Topline Revenue they double net profit
the stock price goes through the roof
their their their value as a company
goes up to the top seven they’re in top
seven companies in the world from a
market cap standpoint why because you’re
stuck to your core companies now you’re
trying to get out of your core companies
and Chase down crap you don’t know
nothing about
and that’s when investors penalized him
hit him over the head with a hammer uhuh
you know how when you was in when you
knew my now I’m old school I’m older
than a lot of y’all but see when I was
in school like Elementary School back in
the day oh you act up in your classroom
your teacher could just turn you right
right and paddle you or she’ make you
stick your hand out and hit you with a
ruler that’s what they just did to
Zuckerberg that’s what them investors
just did to Zuckerberg last night uhuh
Zuckerberg we’re gonna teach you a
lesson uh-uh you going to stick to these
core companies or we going to drive your
stock price down and that’s what they
did I get I guarantee you he woke up I
guarantee you he woke up I guarantee you
he woke up so here’s the deal guys
There’s an opportunity for you you got a
stock right there from the seventh
largest market cap company in the world
the stock price is down by $60 a 62
almost $63 a share
they just reported phenomenal first
quarter numbers so you know
operationally there’s nothing wrong with
the company is what I’m telling you this
stock price slap on the wrist is because
Zuckerberg got online or got on the earn
his call and start getting outside of
himself he had an outof body experience
I guarantee you he will find his body
again and get back in his body and
correct this but until he does you can
get rich not your financial advice
not trying to tell you what to do
but come on man you
can okay do whatever you feel like you
need to do I just gave you one I just
gave you one I just gave you all the all
the the internals to make you feel
comfortable because I gave you the
internals I I gave you all the numbers
what else do you
want you got $60 you can capture and
build your net worth
guess what you can get down to that
description box you can click on that
moomo link you can get 10 free
fractional shares of The Magnificent 7
including meta and then you can stick
some money in there and do what
boom go buy you some more meta if you
want to you got $60 worth of
upside just like that $60 worth of
upside just like that cuz it’s going
back cuz there’s nothing fundamentally
wrong with the company they just
reported great
earnings pretty much beat expectations
on everything there’s a couple things
they didn’t beat expectations on but
it’s not my job to sit here and go
through the earnings report with you I’m
just giving you what they did see I
don’t care about all that what I care
about is Topline Revenue dig you manage
your expenses how much is the net profit
because that’s all I care about because
I get part of that net profit because
I’m a shareholder all the rest of that
other stuff people be talking about I
don’t care anything about that all I
care about is did you increase net
profit I’m sorry did you increase
Topline Revenue did you decrease
expenses did you make more net profit
and everything I just read just said
they did all of that over year over year
they beat all of that that’s all I care
about that’s all I care about that’s all
I care about so hey man do what you got
to do um I believe there’s an
opportunity to to to make some money in
this situation we’re getting ready to
find ourselves in this won’t be the only
company you got other companies coming
out this week in the Magnificent 7 with
their earnings Tesla is another company
just now they ain’t meta they they
didn’t have the numbers meta had but I
think it’s still an opportunity you
already know how I feel about
Nvidia
now you know how I feel
about
meta but I think if the economy
continues to
decelerate right if it continues to
contract
shrink inflation continues to go up
the FED will be forced to do what they
got to act one way or the other they got
to act right now they’ll keep rates
higher for longer so what that means is
in the current environment we’re in
right now we’ll see some other companies
sell off in the stock
market Magnificent Seven companies right
you’ll see some more companies sell
off that’s just an opportunity for you
to pick these companies up at a deep
discount you can pick meta up today at a
at a relatively decent little
discount what are you talking about here
more than a 10% discount guys you’re
talking about like a 13 14% discount you
trying to tell me that’s not significant
you mean to tell me on
Monday and now it’s Thursday meta has
went down by
14% its stock price and you don’t
believe that’s an opportunity to build
wealth I don’t know what you’re looking
at I don’t know I don’t know I don’t
know what you’re hanging your hat
on I I I I I don’t know I I mean I don’t
know I I I think that’s an opportunity
to build well let’s take a look at let’s
take a look at what crypto is doing real
quick and then we get gonna get out of
here let’s see what Bitcoin is doing
right now I just want to take a quick
peek at
Bitcoin let me see what Bitcoin is
doing Bitcoin so Bitcoin is still
64,0 $114 a share slightly down today
but nothing catastrophic so no
catastrophic stuff yet on on bitcoin
we’ll have to watch Bitcoin I I did read
an article that talked about some of
these spot ETF Bitcoin ETFs and that a
lot of them are starting to see
outflows they’re starting to see
outflows instead of they’re starting to
see more outflows than inflows so that
could be just the people taking profits
right I don’t know I’m not a Bitcoin guy
but i’ watch that because you know I
believe it’s a pump and dump so you got
to watch it if you’re heavy in the
Bitcoin right now listen man it wouldn’t
be an it wouldn’t be a bad time to
probably take some profits because I’m
telling you as this economy if it does
I’m not saying it will but if this
economy continues to
shrink like being predicted it’s being
predicted the second quarter is going to
shrink too it’s being predicted so as
the economy shrinks
if inflation continues to slightly go
up If the Fed is forced to increase
interest
rates Bitcoin gonna lose you do know
that right it’s not looking good so any
of you Bitcoin guys who done made a
bunch of money don’t get greedy guys
don’t get greedy please don’t get greedy
please don’t get greedy please take your
profits and get out of there please
don’t get greedy that’s all I got to say
on bitcoin well appreciate you guys do
me a big favor before you get out of
here number one hit the hit the Thumbs
Up Button hit the like button for me
we’re going to wrap this thing up thank
you very much for for participating and
listening to me again I’m going to come
with the the the financial news but I’m
always going to give you Solutions
that’s one thing about me I’m never
going to get on this here and and and
give you the news and not give you
Solutions how to capitalize on it as I
told you look at it as bad news look at
it as opportunity I’m an opportunity guy
I see a company like meta for no
apparent reason they they never should
have went down no dang on $60 $70 a
share there was no reason for it they
they didn’t miss anything they killed it
but when your CEO comes out there and
our Laing the fool and talking about
stuff you ain’t got no expertise in
that’s what happened they hit you over
the head with a hammer now for people
like you and me there’s an opportunity
to me to pick up $64 a share upside why
not take it it won’t last it won’t last
I’m just telling you it won’t last it
won’t last
won’t last get down in the description
box click on that Mumu link open up your
new Mumu account today put your $100 in
there get your 10 fractional shares of
The Magnificent 7 for
free 10 fractional shares of The
Magnificent 7 for
free don’t miss that opportunity guys
nobody else in the brokerage World The
Brokerage app world is doing that for
you nobody plus I use Mumu myself as my
primary brokerage app so you’re rocking
with me hey get down to that description
box and get yourself 10 free fractional
shares of The Magnificent 7 while you’re
down in the description box click on the
real EST I mean click on the website
link I got my my new website Richard fan
millionaire Mentor website
www. Richard
f.net second link down the description
box go check that out grab your some
digital products make sure you sign up
for the paid membership club guys this
thing is going to be off the chain in
May when we get this thing started I
already got a bunch of people who have
already signed up we’re going to cap
this thing at some point once we get to
our number it’s starting to fill up it’s
a paid membership club guys listen hey
if you don’t find Value in it stay over
here on the YouTube channel you get it
for free right but I’m me tell you
you’re not going to get what you’re
going to get in the paid membership club
on YouTube you’re not going to get it
just not you’re not going to get it on
YouTube so you decide what you want to
do my recommendation is check out that
membership club join today become a paid
member and and get these benefits that
these folks are going to be getting that
I’ve talked about like I said live
meetings right live streams every 90 for
90 minutes every week but not these
types of live streams totally different
right plus when I’m traveling and I’m in
certain cities the paid club members
will know that so if I’m in their city
and they want to have lunch or have a
coffee or grab a quick dinner we’re
going to do that but that’s for my paid
membership club guys because see they
support me I support them that’s the way
this world work guys ain’t nothing for
free I’m just letting you know ain’t
nothing for free so so so just just know
that get used to that there’s nothing
for free in this world right so check
out the paid membership club come rock
with me we’re getting started on these
live streams in May I’m actually sending
that email out on Sunday to the paid
club members to let them know to pick a
date and a time so that most people
we’re going to go with consensus and
that’ll be our meeting every single week
right unless I got to change it for for
for emergency purposes but other than
that we’re going to lock it in and
they’re going to have me 90 minutes
oneon-one with that select group of
people where they can ask me anything
and we’re going to Deep dive into it see
things like I just show shared with you
today we going to even go further with
meta right and I’m going to be showing
them my trades what I’m doing that kind
of stuff but it’s going to be much
deeper than what’s on here so but again
you can rock with this I love it I love
YouTube I’m going to be on here every
day but this paid membership club thing
is going to be on a whole another level
and also last thing and I’m out of here
get down to the description box click on
that Instagram link y’all give me a
follow on Instagram trying to get the
Instagram page built back up um give me
a follow send me a DM let me know that
you rock with me and of course you know
it be good to hear from you let let me
know that you you’re rocking with me so
thank you guys I appreciate you lock it
in with a thumbs up before you get out
of here I hope y’all have a rest of a
good Thursday all I tell you I keep
sometimes I forget the days man uh when
you own 100% of your time you just do
whatever you want to do so the days
don’t even it don’t matter it’s Monday
or Friday you just do whatever you want
to do so I kind of lose track sometimes
I do have two one-on-one calls with two
gentlemen this this afternoon I got one
here in a little bit and then I got
another one a little later in the
afternoon so don’t forget I still do the
oneon-one one hour paid Financial
sessions as well I don’t really talk
about that a lot I do have a little
thing sometimes in the back of the
edited videos I don’t really talk about
that a lot because it does require a lot
of my time to do it but hey if it’s
right if it’s the right fit you’re
looking for somebody to sit down with
you one onone through virtual like Zoom
Skype Facebook time Instagram chat and
you have my full attention for one hour
where we go through your whole financial
situation come up with a game plan that
you execute hey man send me an email let
me know you want to rock with that I’ll
send you the details sign up I got two
of them today good to go we appreciate
you man thoughts become things if you
can see it in your mind you can hold it
in your hands you guys keep chasing your
greatness never stop believing in
yourself stay healthy get wealthy and
your boy I’ll catch you on the next one
peace

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DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.