to get sick and tired of people saying buy the dip buy the dip buy the dip and all the time you
buy the dip you just keep seeing the dip become more dippy yeah i get it i've been there and i
understand but today i'm going to share with you my one of my portfolios and in this portfolio it's
been uh call it my fun money and i'm using it to inspire you today and how i'm still up 150 percent
even though the market is significantly down in fact with tech stocks being extremely down and the
s p 500 down eight percent in the last month how am i able to still see 150 i'm going to explain
exactly that and my process for how i invest so let's get right down to it i'm going to start with
my portfolio let's start with the stinkers and then we're going to go to the ones that are really
helping me stay afloat so if i look at just my top 14 stocks that are actually still in the negative
i'm down on those stocks 340 percent that's absolutely ridiculous and remember that means
my total amount invested how much either up or down on that amount invested i am at when i say
i'm down 340 that means i'm losing 340 percent of what i put in to the stocks that's pretty bad
so let's start off with stinker number one and that is the stock called body this is a crappy
stock a little disappointed i got into it but it's down 66 percent and i i will say they are
a debt-free company but right now they got a lot of work to do because they're a spec and spacks
are very very hard to invest in and tend to have a lot of volatility so it is what it is my next one
that i have been holding onto this one for the last couple years actually since 2018
mj it's an etf that tracks corporate cannabis down 58.4 on mj now i i also think that with this
one in particular i could definitely see a little bit more as legislation and adoption of marijuana
comes into the mainstream so for this one it's a long-term hold for me as well next
up is matterport that one really took a beating over the last week matterport down another 58.38
about a month ago i was up 24 on this one now down 58 welcome to the stock market then you
got the clear you know the people that uh get you through the tsa line a little bit quicker you down
58 there as well immr is down 19.2 so those are my top you know call up my top five that are pulling
down the boat now let's talk about the ones that are bringing up the boat and keeping us afloat
number one is rcl royal caribbean cruise line up 141.82 percent and that is with right now as of
the recording in this video up 141 percent then we have carnival cruise lines on that one i'm up 69
bank of america comes up next whoops it's bac bank of america is sitting at 43 percent up
we got delta airlines up 39 and the trusty old s c hd dividend fund and that is up 38
so here's the deal with this you're probably wondering how the heck did this happen well here's
why by the dip might or might not make sense when it was march 2020 everything was going down much
harder than it is right now they i mean talk about the pandemic sending the stocks down the news was
littered with fear and uncertainty and doubt and a lot of people were kind of focused on the travel
companies royal caribbean carnival cruise line delta airlines because they were shutting down
as a result of the pandemic people didn't want to cruise anymore people couldn't fly anymore
but i knew in my mind someday this would come back to life i knew that we would have to eventually
fly again right delta airlines is going to have to take people from coast to coast and international
so i started investing in delta airlines same thing with cruise lines i like going on cruises
and i knew that eventually we would get back on track so i invested in caribbean and carnival
now i got to be honest with you when i started this progress this was right as it was starting
to go down i invested some money and then it continued to go down so i saw my money continue to
stay negative well i kept buying and kept buying because i trusted and believed in what was going
on so then what happened was all this time it's been now a year almost two years since march 2020
and i've held on for this long of a period of time which now favors me in the green so what happens
is a lot of times people get so excited about the hype and it's because people were talking
about it and i know i do it here on youtube too but when you hear about the hype and people are
like oh this is great look at all this look at all this too many people especially if you're
new get nervous when things are red so when things are looking bad like they are right now this week
people get a little bit nervous and then they sell because they think oh it's going to only get worse
we have to reprogram our minds to say will it actually get worse or am i just scared right now
and theoretically i put money into my investments that i'm okay losing and if i'm okay losing it who
cares if i just let it sit in there because if it goes down to zero it goes down to zero but
it probably won't so the the idea would be i'm gonna hold on to these guys right here
until they turn into these guys over here and then when they do i can then debate is it time to sell
for a profit or hold on a little bit longer you know i shared an example on a youtube short this
past week and it had to do with planting a tree if you go in your backyard and you want to grow
a beautiful tree in your backyard you don't put the seed in there wait two weeks and then decide
ew this thing isn't a large beautiful tree yet i think i'll just dig it up and throw it away you
don't do that because you know it takes time you know that even if the weather hits if it snows if
something bad happens and the tree looks a little bit sick you know you're going to keep at it
you're going to keep at it until it grows into a beautiful tree you got to think the same thing in
the stock market your goal would be i understand the company i'm investing in or if i don't i'm
investing in a good quality etf and i'm gonna let it grow over time i'm gonna let it grow into the
big tree i'm not gonna sit here and worry about it one minute into the game then on days like today
or weeks like right now when the stock market is going down this is your chance to plant more seeds
how do you plant more seeds when you're in this type of position well first of all you got to get
rid of fear i don't know about you guys but i get very scared when the stock market goes down i mean
i think it's right that everybody gets a little bit nervous when the stock market goes down but
you have to reverse that a little bit you got to think no no instead instead of getting worried
about it i'm going to get excited about it and i'm going to invest what i can now in order to do that
i did three things i want to share them with you here today first thing i did is i actually
got out of debt so in all those royal caribbeans and all that stuff i was buying that i'm up all
those percentages i was able to get out of debt first i spent a lot of time getting out of all
consumer debt credit card student loans auto loans all that crap i spent a lot of my early years
putting all the money toward the debt but if you think about it if your debt is carrying 14 to 16
on a credit card you're actually paying the bank 16 percent to hold money on a credit card that
right now is much more than the stock market is producing so it makes more sense to pay off
your debt and then at that point what i did to pay off my debt even faster is i started doing
side hustles i started finding ways to do extra money outside of my normal nine-to-five job you
should be doing the same thing it's what i'd still do today i do so much out of my nine-to-five job
to make more money to be able to do what we want to do in the long term so those side hustles were
able to fuel into paying off my debt much much quicker i really don't think if you just do a
nine to five you can pay off your debt really quick especially if you're in a lot of debt
i knew i had to do side hustles to make that happen a little bit faster then you have more
money once you're paid off all your debt that more money can then also be additionally fueled
by your side hustles considering that you're staying with the side hustles more money equals
stock market investments and that's exactly what i did so every time i get more money that's where i
put my money to now i don't have to owe anything to anybody so now what i do is i put that money
toward investing every single day and i get even more bullish when the market is bearish so if the
market's going down i'm getting excited this is an opportunity to buy something at a discount
and because i set up a foundation where i don't need to worry about losing the money
because i don't need it for next month's rent and i don't need it for the credit card loan
and i don't need it for the student loan i have money that i can depart with and forget all about
and that is i gotta say if you were to ask me what is the secret that got me to being up 150 it was
having the advantage of being on the right side of time back in 2009 when the market crashed i didn't
have money i was working on the debt and it took me quite a long time to get that debt so i was not
able to put a lot of money into the stock market i think it was only like 20 bucks that's it 20 bucks
so i wish i was able to put so much more in if i was able to put in thousands upon thousands
of dollars as i do today man that would have been so imagine where we would be sitting today
if i put all that in in 2008 but i couldn't i had to do what's right first and now i have
more money because i'll tell you right now as that market was going down in 2008 2009
i would have been freaking out i had bills i had to pay and seeing that red would have freaked
me out and i would have sold at a loss if you're feeling a little bit nervous let me share with you
my exact portfolio here this is my fun portfolio it does not comprise of all of my portfolios
does not include my dividend portfolio nor does it include my ira or long-term investments but
this is what i have going on where you see my negatives you see my positives
and then that equals the sum total of 150 positive on my entire portfolio as we see it here today
now everything you see here is not advised to buy hold or sell any of these securities and you got
to remember that i'm just some guy on youtube who sometimes looks like woody from toy story so you
got to do your own research but i hope this video was helpful my goal of it is to inspire you so you
can live your ultimate sweet life check out this video next and we'll see you on the next video