S1 Ep4 Volatility! It's a Bull! It's a Bear! It's a Beast!

In this episode, we try to get a handle on something that can be hard to handle. The market stock market can dive and jump and it can feel like we have no control over it. It's like a bull and a bear having a fight up and down and all over the place. Do you want to try to get in there before they can find some peace? Maybe, maybe not. But these days, with the market swinging like a gorilla on a tire, hanging from a tree at the zoo is definitely a question we want to explore, because as a beginning investor, it can be hard to look at those jagged up and down graphs and know whether to buy, sell, or hold.  

Transcript

Volatility transcript 

[00:00:00] I woke up one morning sweating and panting. I realized I had a dream and I was sitting at my desktop computer and I had Bitcoin up to 20,000 or something like that, and it started tending. And I knew that it was just going to keep diving down and I was going to make the trade on my computer. But my hand could not really use my mouse properly. I had like rubbery hands and every time I clicked off my desktop would not open so I could not make the trade. I was so nervous, so anxious. I was sweating. I was to the point of tears, to be honest with you. But I want to go welcome to Women Take Stock. 

[00:00:43] This week we're talking all about volatility. And just like datastream, the market can dive and jump and it can feel like we have no control over it. It's like a bull and a bear having a fight up and down and all over the place. Do you want to try to get in there before they can find some place? Maybe, maybe not. But these days, with the markets swinging like a gorilla on a tire hanging from a tree at the zoo, definitely a question we want to explore. Yeah, because as a beginning investor it can be hard to look at those jagged up and down graphs and know whether to buy, sell or hold and also how to factor this day to day volatility factor into the market movement as a whole, whether it's a beastly bear or an aggressive bull. 

[00:01:22] What's with these very masculine analogies I know. Like why not have something like a gazelle, something a little bit, you know, fast and elegant instead of this nasty, smelly? What's the background? Yeah, that's a good question. We're going to get to that. I actually did some research and there's a pretty interesting back story behind those terms later. But first, let's start our show. 

[00:01:45] We get our friends all at different places in our financial and personal lives looking to pull back the curtain on the mysterious album Testosterone Driven World of stock investing. And if for women without business degrees, can figure out the market as a side hustle. So can you join us as we learn the basics? Buy, sell, scratch our heads, hold our breath, commiserate and celebrate, hopefully more of the latter. We aren't experts, so please note that this podcast is for general information purposes only. Yeah, anything resembling financial advice is purely coincidental. That said, we are hoping to make a little for a lot of money doing this. And if money is power, we want some of that too. 

[00:02:26] OK, so welcome to our show. It's not a surprise that this year the market has taken investors for a bumpy ride. It is 2020 after all. At least while we're recording this, hopefully we get to 2021. Well, in July, it had the fastest 30 percent drop in history and now it's back up, tick on a nose, bleeding highest. But who knows? Tomorrow it could tank. It's volatile. So what's an investor, especially a new investor like us? What are we supposed to do? So first to start, can we define what volatility actually is? JJ, why don't you fill us in? What is volatility? 

[00:03:01] Well, volatility, this is a term that I've heard over the years, but it was only in researching for this podcast that I became aware that volatility and risk are really two different things. Volatility is the up and down movements that a stock price will make over the course of. I mean, of course, months, but days, hours, even minutes, so that up and down jagged line we see on graphs, that's volatility. And there are lots of reasons for that. And risk is what you experience over the long term of a stock based on whether you think the value of that company and the value of the stock will rise or fall. Assessing those two things, it's actually different depending on whether you're wanting to be in a stock for a short time and you take advantage of volatility. It's rising or falling. Or if you want to invest in a stock, almost more investing in the company because you think its long term prospects are awesome. 

[00:03:55] But that's an interesting way of thinking about it. One thing that was sort of Eye-Opening for me is that when you hear the word volatile, you think negative. But in fact, depending, again, on what kind of investor you are, if you're somebody who's day trading or just short term trading, volatility could actually be really good for you if you know how to, how to work it. 

[00:04:10] And I think that's when when we're really advanced investors, we're going to be able to ride that storm right now. As for me as a newbie investor, I want to be careful not to be responding to that crazy roller coaster that we're seeing. 

[00:04:24] But again, we need to know how to respond to that roller coaster. Like it or not, you know, whether that means we sell, we hold, we go do some more research. 

[00:04:35] The thing I would add is volatility is a constant and it depends on so many things in our world that you don't have control over. So a company reporting a scandal or uncertainty, political uncertainty. Hello, 20/20. So I think maybe to just expect a certain amount of volatility and then decide how you as an investor want to invest within that constant. 

[00:05:00] Also, it's pretty interesting that it's changed a lot now that it's so much easier for individual investors to get in and to manage their accounts and to make quick trades that things can become even more volatile. We had the biggest trading day recently with that extreme volatility. After the news of the vaccine, people were having trouble accessing their online trading accounts. That's right. And that was because all these individuals getting in. So it's not even just the big funds trying to get in and sell. 

[00:05:32] It's also a bunch of people like us, the sheeple, the sheeple, sheeple. I'm totally a simple ho, my God. 

[00:05:39] But you think about that, and that's one of the reasons why things like what's happening in the news or scandals or whatnot can have such a big effect because everyone kind of reacts. And if they can trade immediately, that has a knock on effect on the market. 

[00:05:55] Which kind of brings us back to the episode we did with Frank Mirtha about psychology, which is the most fascinating thing really to me about this whole game. If you want to call it a game at its core, you think investing is really about whether or not a company is any good, but it's also really about how completely bonkers people are and whether people think a company is good, whether or not the company is actually good. 

[00:06:17] It's about the perception sometimes and not the reality. 

[00:06:20] Yeah, absolutely. I mean, think about how fake news can affect how people perceive something in the news media and how that is the domino effect in the stock market, and that's becoming more and more prevalent. 

[00:06:31] I don't want to think about fake news. It's so depressing. Can we just. I know. 

[00:06:36] So, Dana, somebody has been at this a little bit longer who's doing pretty well, I think still this week. This week is a really good week. How do you keep your sanity and how do you figure that? A different question entirely has nothing to do with investing. 

[00:06:51] But I think, you know, there's volatility, there's risk. And so there are things that people can do to kind of cushion all of that. 

[00:06:58] Well, I take my risk by feeling really secure about whatever I invest in. I do my research. I don't invest in penny stocks, for example. I invest in things that I think are solid companies because I know in the back of my mind, even if they go down, they'll eventually go up, fingers crossed. 

[00:07:14] So even if there's volatility, it'll even out at some point. 

[00:07:17] JJ was talking about the volatility of the stock price. And even if those go up, even if those are on an incline, you still will always see this up and down, up and down. But in terms of keeping my sanity, I think there are some days where I feel really strongly that I need to keep checking my stocks and I need to be on top of them and be ready to sell in an instant for their days. Where I don't even want to look, I want to step away. I know the market's going crazy, so I'll do things like set stop losses and stop limits when those are new terms to us and to most beginning investors. 

[00:07:48] Jen, I think he looked at a definition, right? 

[00:07:50] Yep, I did. I looked it up. A stop loss order specifies that a stock will be bought or sold when it reaches a specified price known as the stop. So when you're talking about a stop loss or limit, you're basically setting a price for when something should be bought or sold. You can even automate it. Dana, can you give us an example? 

[00:08:08] OK, so for example, on November six, Zoome was at four ninety nine. And it was going up because a few days before that it was only at four forty nine. But for whatever reason I'm feeling a little anxious in the market. I decide, you know what, just in case it starts to go down, I'm going to set a stop limit at a specified price. I don't want to lose more than ten dollars a share, so I'm going to set that for four eighty nine on November six. 

[00:08:32] So lo and behold, Zoome tanks later in the day on November 9th to four twenty one. So if I set my stop limit at, what did I just say? For eight or so then then I would, I wouldn't have lost that additional like sixty dollars. Does that make sense? 

[00:08:48] Yes. So you're selling out stock, you're getting out and you're taking a little bit of a loss, but you've assessed that you are willing to take loss up to that point. But anything further than that, you're like, forget it. 

[00:09:00] And that stock keeps going up. The order is not executed. And then you can either go ahead and cancel it or you can actually set a time or date when it closes out. 

[00:09:09] And that's what's so cool is you can actually automate all of this. It's also an insurance policy. This sounds all very complicated for the newbie, but this is all to say that this is just one of many ways you can mitigate your risk in a volatile market that goes back to kind of knowing what you want. 

[00:09:24] Right. Assessing like. So I bought Zoome and then it I, I didn't buy it at four ninety nine but I bought it not at the lowest price it's gotten to recently and it was demoralizing to see it keep dropping and dropping and dropping. And I thought, oh no, I'm one of those people and then it's going to just go to zero and be awful. 

[00:09:48] But actually it won't go to zero, it won't go to zero. But in terms of volatility, Dana, speaking to your point about how you kind of manage that feeling, anxiety, how you deal with volatility in your own portfolio, I thought, you know, the reason I bought that those haven't changed. 

[00:10:05] I actually think that all these things coming up for that company based on actual research, not what everybody else is buying in the market. And so I'm going to hold on to it. I'm not going to I'm not going to sell and realize those losses because I think it'll come back up. And now it is above where I bought it anyway. 

[00:10:23] So if I were to sell it, I'd already make some money on it. 

[00:10:26] And I love what you just said. The reasons you bought the stock to begin with have not changed. It's a good company. Believe in it. You see, Futuregrowth done your research and your plan is to hold on to this profitable stock. And it. Will eventually go back up. More likely than not. So sticking with your plan is a great approach, and especially because we're emotional creatures. People are emotional creatures and you react and then that comes into play when you're making a trade or you're deciding if you buy or sell a stock. Sometimes you have to look at yourself and think, OK, what kind of mood am I in today? I get a good night's sleep last night and making a deal with yourself. I had two hours of sleep last night for some reason or another. I'm probably not in a Great Decision-Making mode right now. So really adding that is like a third level of consideration takes a lot of, I don't know, strength or just understanding who you are as an investor. 

[00:11:16] You really love. What we're doing is having people to check in with because not necessarily financial advisors, but simply friends who know what you're doing, friends who are your investing friends. And you can say, hey, I know this sounds crazy, but I think I might want to buy this stock and then Tullah can tell me that you're being completely insane and talk me off that ledge and we can have a little conversation about it like we do all week long on WhatsApp, which is why they is responsible for all of us buying Bitcoin, even though we don't really understand it yet. 

[00:11:46] And talking about volatility and this idea of how do you manage your fears surrounding that is. Yeah, check in with people and help keep your sanity by being in conversation with people so that you're not just emotionally reacting in the moment, you're actually thinking it through. Maybe I should hold on to this even though the GM stock is dipping because we're on Zoom right now. 

[00:12:07] And we would tell you JJ Doom is going to be around. Don't let go of that. 

[00:12:13] So speaking of stocks going up and down, back to what we were saying earlier, what does this have to do with the bulls and the bears that we started with? 

[00:12:21] So one means the market is going up and the other means it's going down. Right. And where do those animal analogies come from? 

[00:12:29] Oh, Tullah, I am so glad you asked. I am just so glad because as you know, I'm a writer in my we actually are writers, but I love words. And I was like, what is that, what's a bear and what's a bull really. 

[00:12:41] Simply put, there's this jargon in stock market cat trading that a bull is someone who buys securities or commodities and the expectation of a price rise or someone whose actions make such a price rise happen. A bear is the opposite, someone who sells in the expectation of a price decline. 

[00:12:58] So that's basically a pessimist and an optimist. 

[00:13:01] But a bull market, a bull market is a market going up and up and up, which makes folks eager to get in on it. And a bear market is not a good thing. It's the opposite is going down. 

[00:13:13] Is there an easy way to remember? 

[00:13:15] Well, I struggled with this for ages. I used to have to look it up all the time, even in my job at a financial news website. And, until I read something recently, it's basically you think of a bull and it it scoops up with its horns going up and a bear swats down like a bear eating salmon swats the salmon out of the….

Oh my God. 

[00:13:39] Every time I think of a bear market, I'm just going to think of, like, you know, weird Michel going into hybrid flesh, flying a bear, going into hibernation. So bear going down. 

Yeah. 

That's such a better way of thinking about it, Dana. I actually will never forget now because of ridiculous thought about it. 

[00:14:02] But I'd love those. I love both of those visuals. It helps me immediately contextualize this it for me. 

[00:14:09] But there's actually better contextualization, which is history. 

[00:14:13] I did a little research and found out that etymologists point to a proverb warning that it is not wise to, quote, sell the bear skin before one has the bear. OK, so that doesn't really make sense to me. But apparently back when people were buying and selling animal skins more regularly, there were some shady middlemen in the bearskin trade who are called bearskin jobber's or bears for short, and they would sell bear skins that they didn't even have yet speculating on the price they would need to pay the trappers. And of course, they would overestimate the bears skins worth so they would make a profit on the difference. So I guess instead of don't count your chickens before they hatch people back in, I guess the 16th century said don't sell the bears skin before you killed him. Does this make sense? Good at all. 

[00:14:57] But I appreciate this historical context. No, because the idea is you're selling. 

[00:15:01] You want to get something. You want to get rid of the bear skin. The bear sold about stopping the delivery date and make money from it and make money from it. The whole point of everything is to make money from it. 

[00:15:12] What about love? 

[00:15:16] We can't trade on that, JJ. The bear, the trader sold a borrowed stock with a delivery date specified in the future. This was done with the expectation that the stock prices would go down and the stock would be bought back at a lower price, with the difference from the selling price kept as a profit. OK, none of this really makes actually that much sense to me, except that apparently there was this big speculation that kind of blew up in everybody's face and somehow in the middle of this, the term bear caught on, it's like some traders really lost their shirts when things went down. 

[00:15:49] They lost their pelts because their pelts. 

[00:15:54] Good research. I'll give you an A plus for research they think I. And speaking of research. Yeah, sorry. 

[00:16:02] I do have one thing that I'd just like to say. This idea of volatility is really interesting that it can work for small individual investors. I talked to my sister in law this past week and her brother has got into some small Canadian marijuana stocks. Yes. But because he follows them very closely and he's bought quite a number, he's gotten in, they've gone up, and then he still believes in the company. But when he feels that there's some volatility and there's some news that is driving the price, maybe a bit too high for the value of the company he sells and then it's come down and then he's bought back in. And then it's got more than one point. 

[00:16:45] Last week I wanted to take the gains and I thought, this is not going to keep going up. So I took the gains and then went right back in when I started doing more research and purchased it. Just a little bit of a lower price, but not that much to make a difference. 

[00:16:59] I love that because you're getting the best of both worlds. You don't feel like you're missing out on making the profit, but then you're also getting back in case it goes up again. 

[00:17:07] To be honest, this is where I want to get to. I want to get to a place where I feel comfortable, short term investing, buying and selling in a sort of more rapid clip, because I do have some long term investments that quite honestly, I just simply don't look at. I just accept there's some there's a financial planner who's looking at my retirement funds. And every four months I talk to him and say, OK, we're doing OK. And he says, yeah. And I said, OK, buy, because up until recently I never understood a thing he said. And I'm understanding it more. And I will tell you actually, one little aside, as I spoke to him the other day, because I had some cash sitting around and he wanted to put it somewhere, and he knows me historically as being somebody who's really risk adverse. And he said I was thinking of putting in these bond funds and they're going to buy some really low percentage, some really low risk funds. 

[00:17:56] And I said, you know what, take some of that and why don't we get a little bit crazier? And he's like, really? And I'm like, yeah, I'm OK with it. 

[00:18:05] But little interesting because now that you understand more and you educated yourself, you're willing to take a little more risk because you understand the market better. 

[00:18:13] Exactly. Able to make a decision, not fear based Internet. 

[00:18:17] And they understood a little bit about what he was telling me about what he was thinking of doing with that money, which is a very different thing than what I'm trying to do. 

[00:18:26] Well, I'm learning with you guys, which is literally getting into specific companies, understanding what's happening with those companies and understanding when to buy and sell that stock. So I'd love to hear from you briefly how your week was. So, Dana, you were just saying you actually sold some of your your Bitcoin and then you bought it again and you made a little money there. So what else happened? It was a good week for everybody. 

[00:18:48] I think that Bitcoin was great. Bitcoin just skyrocketed. I think when I originally purchased, it was at about twelve K and it's gone up to right now it's at eighteen nine eighteen thousand nine hundred thirty two, which is just amazing. Granted Bitcoin, one Bitcoin and one share of Bitcoin is actually that price. So that's a lot. But you can buy fractional shares and still reap the reward of this increasing digital currency, which is just a super fascinating. All of the different entities that are getting into it at this point, including PayPal and Square and our own government, really, their stocks of mine that have done really well are related to electric vehicles now in China and the wide UI, which produces the batteries for electric vehicles. So I felt really happy about my week and I didn't do a lot of selling and buying. I actually watched my stocks this week partially because I was very busy and didn't want to be distracted by worrying about buying and selling. But I was also feeling comfortable about what I'm invested in this particular week. 

[00:19:50] That's so cool. JJ, what about you across the pond? 

[00:19:53] Well, right now, based across the pond, but still investing in the U.S. So all week I had half of my portfolio going up and two stocks dragging it down. These resume and gaming stock. 

[00:20:06] Do you think that was because of the vaccine announcements and getting closer to distribution? 

[00:20:10] Absolutely. And yeah, I thought it was actually a really knee jerk reaction of the market to turn around and say, oh, no one's going to be gaming anymore because everyone's going to be going out. Have they met my child? And also you you have a whole group of people who never did gaming before. But I mean, it continues to become more mainstream and not just for kind of young kids or twenty somethings who sit in their dorm rooms all day. 

[00:20:36] Aoki's big in the gaming world to. She's actually made some inroads in my family who have a different opinion of her now. 

[00:20:45] Oh, really? Yeah, amazing because she's a gamer, not because of her political platforms, but because our shows are evergreen. 

[00:20:54] I just want to give it a little historical context that right now we're talking it's a time in history. That's the week that the vaccines it was announced that the vaccines, two of the vaccines were potentially 95 percent effective and could be starting to hit the market in a little bit of time. And we're also at a time in history when Trump is not said he isn't president, will not concede the election, but Biden is moving forward as the president elect. And so there's a lot of weird stuff going on. But I do think that this vaccine I know I would read it everywhere, that the vaccines have made a pretty big mark on the week. 

[00:21:26] What's interesting about that is I bought some Pfizer stock when we started this podcast. And so I saw the spike when they first announced that their vaccine was 90 percent effective. And then later in the week, they announced that they were applying for emergency use from the FDA. And I expected I was like, oh, great, it's going to go even higher. And it didn't. So I'm still a newbie when it comes to figuring out how the news is going to affect. 

[00:21:58] I'm going to jump in there to. Yeah, very interesting. With all of the news of the pharmaceutical stocks, I kept checking back on them and I was curious, why are they not jumping? Because a few months ago when they were announcing, like Kodak and Pfizer and all the other pharmaceutical companies, the market would react flash. And I'm wondering, is there some sort of market exhaustion or. Oh, Dana, that's so interesting. People are tired of hearing about it. So they're not going to react anymore. They don't really buy into it. 

[00:22:29] What I find interesting, though, beyond the pharmaceutical stocks is is for my own little portfolio, which right now I have one, two, three, four, five, six, seven, eight, nine, 10. I like to use, like a little voice a little to me that he has a portfolio. 

[00:22:46] I have I have 11 stocks in my in my Robinhood account question. 

[00:22:51] What's the maximum number of shares you have in any one stock? 

[00:22:55] Good question. I have the most the my biggest holding is with FSL, FCL, FuelCell Energy. And I have to say that has definitely been one of my best performing stocks. How many hours do you have? I have 19 shares. Oh yeah. And that one I mean, goodness, when did I buy that? I don't remember when I bought it. Exactly. It was a few weeks ago that in the past month I am so proud of myself. That is up almost twenty five percent in a month. 

[00:23:30] Oh Jen, what made you get into it. 

[00:23:33] I'm trying it. I mean, I want to buy into things that I believe in. 

[00:23:37] And one of the things I believe in is is sustainable, renewable energy sources. I don't really know much about fuel cell technology, but I know that it's not petroleum gas. So that seems interesting to me. I don't remember specifically why I sell on that particular stock. I'm sure I read some articles about it. 

[00:23:56] Look, on the stock that I think I got from my first my free stock when I opened my Robinhood account. Oh, really? And I thought a lot about it. I didn't stick with it, though, and I think it's smart. 

[00:24:09] Well, I have to say, Jen is talking about fuel cell technology. I bought into Sun, but not that company. I do think it's probably worth looking at the news because there was a lot of talk this week from analysts saying this stock increased more than I thought it would based on the company fundamentals. Maybe it's time to do some profit taking on your part. 

[00:24:30] I don't know. Oh, interesting. What do you think the stock is in anything resembling a real tip is purely coincidental, but I might. Yeah, that's the financial advice by any means. Yeah. 

[00:24:43] And speaking of not financial advice, just to remember, a few weeks ago I had the stock, the stock picks decided by meteoritic. And I just want to report back that right now my Virgin Galactic holding. Well, you know, it had it wasn't doing great yesterday, but over the course of last week, it was up almost 15 percent. And it's one of my best performing stocks. And again, that was chosen not by me, not by experts, but by Terho roll of the dice. So it is all still a little bit kind of wacky, is pretty wacky. 

[00:25:15] Segway into the first trading dream or rather nightmare that I had the other day, like an actual nightmare. 

[00:25:22] This is actually a nightmare that I had. I woke up one morning sweating and panting and I realized I had a dream that I was sitting at my desktop computer and I had Bitcoin up to like twenty thousand or something like that. And it started tanking. And I knew for. Whatever reason, based on research and the information out there, that it was just going to keep diving down to like 5000 and I was going to make the trade on my computer, but my hand could not really use my mouse properly. I had like rubbery hands. And every icon that I clicked on on my desktop would not open Robin Hood so I could not make the trade. I was so nervous, so anxious. I was sweating. 

[00:26:04] I was to the point of tears, to be honest with you. And thank God I woke up. Did you wake up and grab your phone? And you're like, I was. I think it works. It works. But it was my first trading nightmare, so I was conscious. 

[00:26:19] Your subconscious is trying to process the stress you're feeling. So even if it's exciting, it can be stressful. 

[00:26:27] A little bit of reminder that I better you know, I just got to be careful, you know, don't get too excited because to your point, it's pretty exciting to watch when a stock just is going up, up, up and up and everybody's saying it's going to keep going up. Look at all the potential. But at the same time, you really never know. You really never know. 

[00:26:43] And we are going to help our listeners know more about cryptocurrency in an upcoming episode. 

[00:26:49] I am so excited about that. I have to say, because of all the things that I knew nothing about, which is vast, this is one of the things I'm really getting excited to know more about. And I'm still really struggling with understanding what the hell it is. 

[00:27:04] So few women are involved in it. And in terms of correcting the investment gap, we need as women to get more women involved in this because it's clearly a growth market that yet we don't fully understand. There'll be lots to explore there. OK, I think it's time for our Quiz of the Week. 

[00:27:23] Going to drop a little knowledge here for everybody, OK, this is a true false quiz in stocks. The term that describes the price volatility is Beita. We would say that again. I'll say it one more time. True or false? In stocks, the term that describes price volatility is called beta. 

[00:27:47] But is it like Alpha, Beta, Alpha, Beta, Gamma Epsilon or an Alpha beta, doesn't beta mean something new or like a pre release version? Oh, like us. 

[00:28:00] Yes, it does. It does. 

[00:28:03] Well, if it's describing us, I would say true. 

[00:28:05] We are so beta, I'm going to say now I'm going to say true. Yeah, I think that's true. 

[00:28:11] I would say yeah. Because as a term it's beta has so many uses as a term. 

[00:28:17] Well Jenn and Dana are correct JJ or you are wrong, I'm sorry to say, although I like your reasoning, it is true. Beta is a quantitative measure of the variability when compared with the market as a whole. So in analyzes, beta will compare the changes in the stock price against the changes in the S&P. Five hundred. So if a stock has a beta of two, that means it varies twice as much as the S&P. Five hundred. So interesting. Yeah. So that stock can be expected to rise in price by 40 percent if the S&P 500 rises by 20 percent or drop. So there is when you're doing your research, there is that number that you can look at to check stocks volatility. I don't know enough to know how you should measure that and whether you should purchase or not purchase the stock. But there is something quantitative that I think advanced investors look at. I'm curious to learn why they chose the letter, maybe because Alpha was taken for something else and they were going through the alphabet. 

[00:29:23] I love that so much of our show is like, well, I don't really know. But this is sort of the point. 

[00:29:28] I guess each episode we know a little bit more. And so hopefully our listeners are also learning as we do. That's the entire idea here. So in the interest of summing up this whole volatility thing, what did we learn today, students? 

[00:29:41] The only thing that's concerned about volatility is that it's a constant. 

[00:29:47] Yeah, but it's true, isn't there? What is the adage about the only constant is change? Yeah. Yeah, same the same thing in the in the market as well. 

[00:29:59] Despite all of the calculations and the graphs and all the experts, it's still the only constant as volatility. There you go. 

[00:30:06] Actually, we're thankful for it. 

[00:30:07] That's the whole point of the stock market, right, is that things need to be changing and moving. 

[00:30:13] And, yeah, you don't make any money. I would highly encourage any listeners to please contact us through our website. Women take stats. Can I even say the name of, you know, somebody else? Tell us how people can get in touch with us. 

[00:30:26] You can get in touch with us via our website. Women takes dot dot com or on social media. Women take stock on Twitter, Instagram and Facebook. I don't know if we're on Facebook, maybe Facebook someday. We're going to get there soon. So, yeah, let us know what you want to know and we will grapple with it with you. 

[00:30:46] Does that make sense? Yeah, I think so. All right, then. We're out, ladies. The women, we're at women. OK.