Not Me, But You!
Welcome to Not Me, But You! This is likely one of the most ironically titled podcasts since the focus is designed to be on the podcast listeners rather than the podcast creator. I spent half of my life as a school administrator and I want to share with you what I've learned about education, teaching, learning, reaching your goals, attaining your dreams, developing relationships, encouragement, motivation, business, income, and money. My desire is to shine some "psychological sunshine" onto your thinking. I believe it's possible for you and me to attain our dreams in life. But often, many of us need a good teacher, a good mentor, and a good cheerleader in order to help us along the way.
I am confident that you will learn some things from me. But more importantly I want to learn something from you. I will share what I'm passionate about. But I also want to discover what you are passionate about. And by listening, you will discover how to set goals, how to track goals, how to achieve goals, how to select a good "guru" or mentor or teacher or advisor, how to make money and save money. And most of all, I want you to discover what is your most valuable asset and how to gain freedom in your life. (Answer: your most valuable asset is your TIME). How do we do that? By buying and holding assets. But we need to learn which assets are best for us. You can become wealthy by pushing buttons on your phone!
Not Me, But You!
Tariffs- What To Do As An Investor
Season 2 Episode #42. Not Me, But You! Podcast.
Tariffs are all over the "news" lately. But how should you react to them, as an investor? Remember that you and I can't stop the tariffs. What we can control is OUR reaction to the tariffs "news."
Answer: when stocks are down, as long as you have conviction that those same stocks will recover in price, then you should be buying more! After all, the stocks are "on sale."
Look at OARK. What happens to the yield when the price per share drops? Answer: the yield (the interest you earn on your money) goes UP!! So you should be loving it when the price/share drops and the yield increases! Buy more shares, but you need to have cash available to take advantage of these dips when they occur.
OARK's yield went from 58% to 63%! Fantastic. And the price per share cost you LESS when that happened! So dollar cost average and buy more! When the price recovers, you will be in a better financial position. When stocks prices, crash, that is typically the time to buy!
What happens historically, AFTER every stock market crash? Answer: the market eventually recovers! Take the politics out of the news. Filter out the political news and simply focus on the financial information that may be able to benefit you/your family/friends.
Three basic things to do: 1) Buy/hold Bitcoin. 2) buy/hold high yield dividend stocks. 3) Sell option contracts (cash secured puts and covered calls)
MSTY is another ETF linked to the publicly traded company Strategy (AKA Microstrategy). MSTY is another dividend producing instruments that pays a phenomenal dividend EVER month!
Look in Season 2 of this podcast, specifically at episode # 34 and episode #39. Those two podcasts will give you specific examples of what you COULD invest in and how you can make extra cash flow right now!
Knowledge is POTENTIAL power. It's only truly powerful IF you put the knowledge to use. You have to take action to have the knowledge actually benefit you!
Most money problems can be reduced to a cash flow problem. If you have a money problem, then you likely need MORE cash flow. Sell option contracts inside your regular brokerage account and inside of your traditional IRA and inside of your ROTH IRA. Mirrored trades!
Have courage today, to pick one thing, and work on your dreams!
I'm not a financial advisor. This podcast is for education/entertainment purposes only. You will need to do your own research and accept responsibility for the results of any money you choose to invest. I love using Schwab.com to buy/sell stocks/ETF's/closed end funds/options. Schwab has a very user friendly app/website and their customer service is excellent. I can easily get to speak to a human being whenever I have questions.