Earnings Season - BrickTalk - Brick Review

Episode Date: October 31, 2022

This week on #BrickTalk we're having a short but sweet episode. @HDanhai is out so Randy is flying solo and doing a quick Brick Review of a few interesting stocks so far this year & hearing what you guys think will be coming for the rest of 2022.📲Contact📲📧Mail - [e-mail]🐥Twitter🐥  www.twitter.com/Earnings_SeasonRandy - @RTRoweDanhai - @HDanhaiOfficial Data Provider 📊 - www.MyMoneyJA.com🔗Links🔗MyMoneyJA - https://bit.ly/ESZNMMJA (12 month discount included)GRWR Beginner Investor Workshop Link - https://www.everymickle.com/grwr(Enter EARNINGBRICKS at checkout for a 10% discount) Advanced GRWR Short Term Investment Workshop Link - https://www.everymickle.com/agrwr(Enter EARNINGBRICKS at checkout for a 10% discount)Danhai's Advisory Session (Automatic 5% Anniversary Discount Included) - https://bit.ly/ES2YREF ★ Support this podcast ★

The following podcast is for informational and entertainment purposes only. Nothing said on the podcast should be construed as investment advice nor should anything said be relied upon as the basis for any investment decision. Any reference to an investment's past or potential performance is not and should not be construed as a recommendation or as a guarantee of any specific outcome or profit. All opinions expressed by hosts or guests on the podcast are solely their own personal opinions and do not reflect the opinion of evermickel.com or any company affiliated with the hosts or the guests. Hosts and guests on the podcast may maintain positions and securities discussed in the podcast. Thank you. They do not take into account your particular investment objectives, financial situation, or needs, and they are not intended as a recommendation to buy or sell any security

mentioned. Speak to a licensed investment advisor before making any investment decision. Thank you. I see that you guys are sending emojis. I think we're running a little low tech this evening. I still, I don't have, I have a bigger tech problem than I'd like to have currently. So I think we just might go audio only. And I still need just a few seconds and everything is going fine. Even again, meaning to everybody, this is a a very short brick talk this week i think i'm gonna have to run the whole thing from this account i'm still having some trouble with my other accounts and i don't want to get screwed up with the sound so for a quick brick talk tonight um i just want to have one because i probably could ask you why would i why would i still bother to have it this

evening and um i said i really want to keep the habit alive that we do it every week uh then i It's one tough one because a couple of people asked me why would I still bother to have it this evening. And I said, I really want to keep the habit alive. We do it every week. Then I was going to be out this week from before. And I've decided that, you know, let's have a nice lighter one. Maybe one that maybe the old podcast listeners might like a lot more. It won't be very long. So I might be on for maybe an hour.

And we can talk about anything. long so i might be on for maybe an hour and we can talk about anything or if anybody wants to they can um i don't know set a topic or i'd like to hear just a couple of different thoughts and i might talk about play or two and like i said it's a very short one so a speaking request as always then i is on this week um but we still go and if you send a speaking request we can talk for a few minutes or as long as you want on a topic you need i just want to make sure that i don't have any trouble with sound as we continue and i've seen something that caused me trouble so uh i will have to double hack it but yeah so that's because if you have anything early you want to talk about and as we go on for the, I will bring up one or two other things.

Or if I don't get anything, anybody talking, I might just go over a couple of the stats for the year today. I've actually meant to the last episode, but couldn't. So pardon me if I seem a little more distracted tonight. Also, I am not working from the same system and this one is giving me trouble. Oh, I see the emojis a lot now. I think the delay is like 30 seconds

from this and I'm not used to doing it this way. The car prep body. Body 3. Can you hear me? Nice everybody. Can you hear me? Nice, everybody. Can everybody hear me? Yeah, I can hear you. All right, great.

So I just want to take this opportunity to wish you, Brick Boss, a happy birthday. I know that based on your consistency and your dedication to your business and our business, because we're all in the business of wanting to better ourselves and knowing more about the industry, you still came out and you're trying to make it work. So I just want enough respect. Thanks for showing up. thanks for showing up. And actually, I wanted to ask a question about your thoughts on TransJamaica and Foss Rich.

Not sure if we'll be able to have the conversation tonight, but maybe in another schedule space, we could talk about it. We could. I mean, you're hearing me now. I'm working from the phone alone, so if my sound starts to get weird again, you have to tell me.

But I mean, we can talk. I did promise a couple of minutes if we can. And thank you. Let me start by saying that. Thank you. Thank you very much. Thank you. It means the whole world to me,

especially at this point um us which are trans jamaica which one all right so let's talk about trans jamaica so before we do that sorry since we're doing this i almost put myself mentally out of the podcast right let me just my special thing to be talking about stocks this is definitely not an advisory so i'm not an advisor if you want to speak to anybody about your investment you should speak to a licensed investment advisor then i am a co-host who is usually here is a licensed investment advisor you can link him at dhalladvisory.com and um conversations that you might hear on this episode when it's than i or anybody else i guess or anybody's definitely not investment advice and should not be taken as such all right um speak to a licensed investment

advisor and don't listen to things you just hear people say on the internet you need to understand what you're doing before you do it that's my safety thank you all right so you were saying let's start with which one trans jamaicaamaica. So I know that they had declared dividends to be paid on the 25th of October and there was quite a stir. I think a lot of persons wanted to be a part of that dividend payment so they would have bought up some of the stock or much of the stock over the past two weeks do you believe that because the ex dividend ex dividend date would have passed and the record date would have passed which is would have been between yesterday and today do you think that next week when the market reopens, there would be some traction on the stock? Because it fell back maybe about 10 cents.

I recognize that maybe like in the past week. Do you think it will rally again? Rally again? Why are you putting me on the spot um i just i've been watching it because i know that it was dividend season so okay and it was they did have a big dividend i'm working from memory but they did have a big dividend you remember exactly the dividend one i think it's point eight point zero eight six point zero eight six yeah so eight or nine cents 8.086.086 Yes, so

8 or 9 cents .086 is exact and that's US cents I'm asking I don't have it in front of me I don't remember, but I know that it wasn't it wasn't a bad dividend I know dividend is bad it's money that you wasn't a bad dividend.

No, dividend is bad. It's money that you don't have. It's money, right? So I just wanted to get your views on how you think the market would react to after the record date and ex-dividend date has passed. Do you think everybody would try to dump or do you think we'll get some movement in the price let me tell you one of the first things that i i try to teach i grow um

is the the understanding of and i call it honest to itself but i don't want it to if i say it in context you'll get it but what i mean here is like if we just say what things are it were much much much much much much better because i don't have the i don't have the fun i don't feel this to the show every week i will talk a lot but i try not to do the fancy talk meaning not that what you're saying is fancy but what you really mean is do i think the price is gonna go down or is it gonna what you say get traction yet um the activity i want to get traction you mean if the share price going to go up right if yeah if the share price goes up um usually because um of uh a demand for it.

That is true. Right. But because it would have gone up maybe in the past two weeks because people were trying to get the stock to benefit from the dividend payout coming up. I'm thinking that people will try to dump the stock um but um after this after today because you would only need it you would you would only need to have to hold it up until today um to benefit from that so i just people might sell it heavily so there might be more supply yeah so we have a whole bunch you know people may want to offload but for you say offload you just mean sell right mean sell sorry

yeah and for you to sell it somebody has to buy it right right so there really is always an equal amount of um once there's active demand there's always an equal amount of actual actives like one requires the other so what i'm trying or i want you to do is i don't want you to think of the selling as bad you see you're talking about it i know you're not necessarily saying that directly but you're coming at it from the bad place where if they sell then you know the price the price might go down it's likely to go down yeah I had a bad three months waiting because I didn't about some fiscal late June when there was a massive increase in the price you know within the between five nine in the price, you know, within the, between five, in the $5.90 to $6 region

and, you know, buy up some whole heap of Fescon. I say, yeah, you know, I did some reading and I said, all right, that was in the period when gas prices went sky high and every week, you know, the price just go up more and more and i said all right um i think it would have been a good um time to buy and when i wanted to sell mercy um i wasn't able to sell because clearly we don't want to set a loss and i had to wait three whole months before I could sell and barely break even so I don't even know if I had the patience

until this whole Fesco fiasco for me Fesco caughtiasco for me Fesco part of your passion? It did It did because there were lots of other opportunities that I wanted

to participate in but I didn't get a chance because liquidity constraints all of my money was... I bet all my money on Fesco. All your money is scaring me a little bit,

you know? No, as in what I watched... I wanted to benefit from a play, but it never worked out for me and that's why I had to wait. I made a tough decision to liquidate, get some gains, sell off some stocks, get some gains and say alright I'll go and put that on Fesco and see if the price would have gone up. I was anticipating the price to go, but it didn't.

And when it actually did, I missed my order. My order wasn't filled. Somebody got cross and I just had to wait for three whole months. And that was long for you? It was very long. Wow. So,

I don't, so I kind of have a little fear, similarly for TransJamaica, because I did buy some TransJamaica. It went quiet just now. Can you hear me? I'm sorry. You said you had a little and it went.

You said. I have a fear now because. Right. Trans Jamaica. Yeah. Oh, boy. All right. So I listened to a lot of what you say.

First of all, let me tell you, I understand the fear. Every time, I don't know if people, some people here, people who grow up hear me talk about this, I get. Every time you click buy, you're afraid. Every time you click sell, you're afraid. And I say you, I mean me, everybody. Everybody. It's either those people who are afraid or not admitting it um that's because at the end of the day you are making an assumption that something will happen in the future

but you're not really sure right right yeah and the way that you want to get to that surety is to the more you know about the thing right right yes if i can give you one tip you want to know the most that you want to get to that surety is to the more you know about the thing right right yes if i can give you one tip you want to know the most that you can about whatever it is you're going to put your money in or whatever it is you have put your money have your money there you definitely want to know it absolutely and i mean not just no i like that i can tell that you keep up with your investments because like you talk about the trends you make from the position of the dividend and then the effect on the market.

If you say you're doing plays as short as three months is long for you, then you pay attention to the market I'm assuming. Daily. Wow. All right. So it's the other thing. I like that. The thing is, you know,

you want to capitalize on opportunities. And when you see certain news come out, you really want to get an understanding of what is happening and how it can benefit you as an investor. And the thing is, I know that it's not a one-size-fits-all. And what I play that benefits me may not be a good play for somebody else. Because maybe what I did with Fes play for somebody else because maybe when what i did re-fesco somebody else wouldn't have done it because they would have cited that it wasn't

an ideal time to buy you know so we all make decisions based on you know our risk appetite and say boy can i really afford because I couldn't afford to lose so I said you know what I just have to do the wait game I'm not going to buy something and lose I had to wait on the opportunity where I can either break even or get again

we're really not in the business of losing money I agree 100% on that how long have you been doing it? I have been personally investing since the listing of,

or just before main events started listing. Well, I know that's all. But you see, the thing is, experience, in Jamaica, we have a saying, experience teaches wisdom. And it took a time for me to get to where I'm in terms of, and I don't even think I know that much. You know, you can go to school and I think I'm very interested in probably signing up for GROW

because I want to see things from the perspective in which you are teaching. So I can get some additional knowledge there or get that perspective then. So I can use that to help me to make some sound decisions. I mean, I like that i like that of course i'm i'm flattered if you've heard about i think that it will help you that which it will um and really i've been trying like i mean listen to you talking i i'm not interrupting i listen to your talk because one i like how excited he's on about the market i like that you're not taking it blindly you're not just i mean you're trying a thing as you say but you're doing it with with intention

you're having you're looking at the experience you're actually putting out what like you're being careful and you know that you there are things you don't know you need to learn right and the right yeah the beauty of that attitude at least as i see it is that it what it's fit for where you are in the market and that attitude will never not work well for you because at least i don't know i've been in it a while too and still learning every day yeah and that's i think a lot of investors don't understand that it's an evolving thing. Investment is just not, it's not today the same thing. It's going to be continuing straight out.

There are principles that will, you know, hold, but then there are going to be times when you have to evolve and view things differently and have a different perspective in terms of, you know, when you're going to, why are you putting your money in this? When you're putting your money in this? How soon you want to have access to it? Because a lot of the times, if the money that I put in first go was all that I had to my name, that would have been a nightmare because you gamble out everything. But you have to be wise and assess your personal circumstances.

So, like, you see i like i like how you sound like the perv you have but i think but i keep wanting to technically at the end part you keep going dangerous so kind of like it's like you're saying yo you know my no things rough my half i get it right i i'm taking the best route i can to the cash pot shop, right? And it's just the last part because it's not like cash pot. And I like the energy I hear you put into it because you will benefit from, not just grow, but even just learning more will change a whole lot for you.

You were writing that, yes, the market has been nicely, heavily and nicely over the last 10, 15 years. Even over the last five years, it's grown greatly. Sometimes I hear you and I talk and we mention that even how the market is now is not how it was when, let's say, Wigton had just listed and a lot of new people came into the market. And at that point, it was it had the market visibly changed.

And if the one thing I can do to help you and anybody listening who is on that journey is don't under I can't under the importance of the knowledge. And you can get the knowledge everywhere. And you get knowledge in everywhere.

And it's linked to this. Let me wrap it all together so I don't sound like I'm rambling. It's linked to the fact that you said that there's a few things that will never change because markets are markets. But the market itself will evolve over time. And when you're in it, if you want to be successful at it, you have to adapt. Right?

Right. But there are parts that will not change. And those parts are linked to what the core of the market is. And that is people. Because it influences the market. No, no.

People. The market is people. That's all it is. You know, I never thought of it like that. I know. And that's another perspective. No, it is that perspective. Just keep following that one.

That's all it is think about it i was trying to make this point earlier but it links back to your transfer maker point you're worried that after the holiday weekend and people come back and you know it's after the dividend record date um a lot more people might sell so the price might go down, right? Right. Somebody has to sell for the price to go down. That part is clear, right? Right.

Somebody has to buy for somebody to sell. Which is right. That's all the market is. I see where you're going. I appreciate it. It will always require two people. Or two bodies. Because it's an exchange.

Exactly. You don't approach with fear the price as you say flying right or or or um you gave a really good corporate term say it again pardon you use a fancy term for the price you didn't to the price flying he said like it's appreciating heaven even appreciating heavenly rally right yeah rally right well we really mean is go up and hopefully go up really fast and heavily right you'd love to hear that yo you like the upward circuit breaker. Then I must, man. Yeah, man, right? But do you know that that also requires somebody else on the other side? Somebody has to sell. Right.

Don't demonize the sell. You need it for the price to fly, as you said and the only reason why somebody would sell at a price well why do you sell to make a gain there we go right or you might need the money and that's the thing

I don't and that's what I don't practice so no no no so I have a i have a uh uh i'll have you on and i don't it's a big well you say i'm not supposed to use too much big terms but no no no sorry don't don't don't make me cramp your thought like i have no problem cash flow or they call it liquidity is something that as an investor i don't try to tie up my everyday money in um on the market so you know except for fesco and that's the thing i it wasn't it i was saying that that money for fESCO, I was kind of nervous.

It wasn't all my money, but it was a good portion of my portfolio that I would have... When you say everything. When I say everything, it's not my day-to-day money that I'm talking about. I'm talking about my investment portfolio. So, monies in my investment portfolio that I am trying to trade to grow, So monies in my investment portfolio that I am trying to trade to grow to achieve a particular goal cannot be my money that I'm going to use to buy petrol or to use to buy groceries at the supermarket. Because you can't, or for an emergency, your stock account is not an emergency account. Why not?

Because, so for me, it's all about planning so for example you can't plan an emergency no no no no i understand that but i'm saying you your emergency savings or your emergency funds should be something that is more liquid than a stock account. That's my personal view. I understand. Why? Because just as whole, if I had an emergency throughout that three-month period, I should have access to cash to take care of whatever the emergency is. Hold on, help me out. Give an example of an emergency that I could be in. So something happened to me Tuesday, God forbid, please, please.

It's just an example, but please. No, but I use that example there. We're going to go from... No, no, go ahead. I ran into me and you, so it's okay. I don't know if it's me alone, but I'm not hearing you again. Hello? Hello? Hello? Hello?

I'm not hearing her. I'm barely hearing her. I don't know. I don't know if something's happening with you. Your microphone or your headphones aren't mine. Jutsa, can you hear me? Yes, Randy. Are you hearing her? No, I'm not hearing her. Jutsa can you hear me yes Randy

are you hearing her no I'm not hearing her okay alright I'm so sorry the corporate body if you can if you can hear me if you can maybe jump off and jump back on. And I will.

I don't know if she's hearing me. Jutta, what's up? I'm so sorry. Corporate body, you can come back on right after if you start that vote. But we weren't hearing any in the meantime though. Jutso, what's up? Hi, Randy. First, let me tell you happy birthday. I hope your day went well. And I hope your night

is even going better. And of course, I know that you'll have a great night tonight. I hope so. Thank you. How everything, Randy? I think okay okay I'm happy I'm still angry this computer also don't mind a nice audio

reminds me of a podcast I used to get this yeah man it goes so many times well I'm not going to be long I just telling you know every time like I make a little play I always have to say you know thanks to Randy and you know see on Twitter and just decide

that, oh, your tweet was interesting, just something as simple as that in December, towards the end of December and I have been very happy since, you know. Yep. First of all, thank you. I'm happy to hear that. Which tweet though?

I don't remember. I just, my son said I needed to get a Twitter account. And I got one and I said, so how do I find you? And he said, mommy, you're not going to find me. I don't want you to look for me. And I'm like embarrassed. And I said, alright. So I said, alright. And then

I just ran. I was just looking on Twitter. And then I saw you said something. Of course about money. Grabbed my attention then I saw you said something of course about money grabbed my attention, I followed you and that was just it and it was per tree time, remember? And it has been good ever

since. I've had a little down yes but it has been good very very good I love that, I remember some of our conversations and I'm still very very happy to hear it, every time there are a couple of stocks that every our conversations and I'm still very, very happy to hear it. Every time, there are a couple of stocks that every time Donna and I are talking about it,

I'll be like, I remember you. I think I heard a couple of them. Yeah, my poetry and my SVA. Yeah, and what I really liked was, I still like is the reason and the approach that you bring to it. I know it helps you, especially at a time when teachers

are getting a whole heap of attention. You're showing a nice other path. I really, really like that. Yeah. Yeah, man. I hope things good with you also, I mean, your family. I know you said you had an emergency, sort of, right? Yeah, yeah.

Difficult emergency, but we had the cash wasn't the emergency because the stock had paid for it we always i i am very very glad for that you know you know if corporate body if you listen to this that was that's the answer to what you are saying would you just know that right yeah right stock is even even financing in in proper accounting they consider cash and cash equivalents and stocks is almost like it's a cash equivalent because you can turn it into cash so quickly right right yeah but it has a greater potential for growth than almost every other um not almost than every other every other um investment investment yeah our class yeah man so i know as you just go and say what i did in the last month

well no i hear you talking about something's not going so well as a person i hear you that yeah it's just one little thing you know but it's not like that one was an investment to how i understand the term I wanted to participate Randy in the right you see I've never participated in anything outside of stock equity because that's all I know so I just so I just say you know what I'm gonna put some money in iCreate so I average out iCreate at three dollars you know what is happening to iCreate. I'm still waiting. The stock price is down. But I'm waiting on them to tell me how much I'm going to get from what I'm reading.

They're supposed to give a number and say, based on how much I buy, I'm supposed to get X amount at a reduced cost. I'm kind of waiting on that. I have not seen that yet. Nobody will write me. I hope it's not something that passed me. I am waiting to see how much stock I'll get and I want to see the reduced price

at which I'll get that stock. I think a lot of people are also doing the same way. It's a conversation. you know if you guess you can always check it out my money.com slash stack slash i create and um or just my money.com and hit ctrl k if you're on a computer they decide what they decide what because then you could look at the ipad page and you'd always be able to see what the news is or you can follow the

news feed I follow that man of course it's not you can't see it if it don't come out to the public okay I just want to make sure that it's you know I know I don't see it yet the public. Okay, good. I just want to make sure that it, you know,

I know I don't see it yet and I know I check every mickle every day. I check it, you know, every day. So, I know. But guess what I did the other day? I bought some jam tea. Now I'm writing down all my stock things.

Because I don't, listen, listen, hold on, hold on. You see, when I do it on some platform it's clear, but sometimes JMNB give me a lot of trouble to find some things on the platform. So anything I do on JMNB I write it down. Now, old-fashioned, yes. So on money.

You know you can import your JMNB portfolio to my money J.A., right? Every day you tell me that. I don't get the chance yet. I'm telling you. Just go to the wiki. There's a little column on the left. And click GMMB portfolio

import instructions. And there's like... Just like that? It's an easy set of steps. I have an extra this weekend. You won't need a day because we'll calculate everything for you. You don't have to do it yourself.

I'll do it over the weekend. That's what I mean. I'll do it over the weekend. Okay, no problem. You can do it right. You can do it when we're talking. Let's talk some nice things. Let me finish.

Without that text, I'll be... Anyway, so this is what I did here. I did are nice. I'm going to listen. Let me finish. But that text is heavy. Anyway, so this is what I did here. I did the same way today. On Monday. But that's on Monday the 12th of September. You see how far I'm not... A long time I'm not doing anything. On Monday the 12th, I bought Jam Tea.

I bought it at $2.50. And I sold it. Monday the 12th? Monday the 12th of September, I bought it at $2.50 and I sold it Monday the 12th? Monday the 12th of September I bought jam tea it was $2.50 and I sold it on Wednesday, that's the Wednesday of that week and I sold it

at $2.87 so I was nice with that. Everybody has striped tonight. No, that's a fan. That's at 12 September. And I also bought... You know that that's...

What I love is that you don't even know that that's not... That's... You bought it at $2.50, that's what you said? Jam T, I bought it at $2.50, yeah, on Monday the 12th. Monday the 12th. So, two days later?

Yeah. At $2.87. So, even if... Which broker you use? This one that I wrote down, I don't even know which one that I use what's their fees oh the fees

no man after fees I take out my fees what's the broker fees I don't know if it's the 1 or the 2% I think probably it is NCB or is it JMNB I don't know if it's the 1% or the 2%. I think probably it is NCB. Or is it JMNB? I don't remember.

Is it the NCB or JMNB? I didn't put which one that I use here. Both of those I think are at the 1% level. Just the JCSD fees. And I did make a little change there. A little change? Yeah, I did make a little change there. A little change? Yeah, I did make a little change there. And I got Spur Tree at $3.58 the very same day,

but I had to wait a little longer. And in October, the 5th of October, I sold it for $3.82 so I going on doing my little thing you're not doing your little thing you are okay even if I count for um even if I count for two if I count for 2% fees on top of your 2.5 and your 287 that's still that's still not a 10% yeah there are people who wait

a year to get bonds that pay them 8% and they consider themselves happy to get that 8% bond. I see them there, especially when the bonds come in the US and say you have to have this amount. I just laugh and say, stay in my little corner. I stay right over here in my corner. I'm trying to be the one to say, you be careful.

I know that you're careful because I know I've already talked to your method and I know that you understand the risk. Yeah, of course. You can't argue with profit. I'm not arguing with no profit. I find it amazing how many, like I don't know if I've said this before. I know I've said this before,

maybe not recently. Like a lot of growers is a lot of women is a lot of women. A lot of women to grow and the thing I find the most is that women tend to underestimate how deadly they can be in the stock market.

Come on. You know how many years I used to yap about stuff before I even meet somebody like Danai? Yet, within that time, I mean, you, there's top striker Shan, I used to yap about stuff before I even meet somebody like Danai. Yet, within that time, you have, I mean, you, there's top striker Shan. Like, women are hitting the market in a way that I don't even know. Like, it's always funny to me when I'm talking to a woman who's starting out, and she's someone like, oh, you know, it's kind of like, you know,

you feel like you're in a rougher place a man's world and i'm looking at them one and you don't realize that like oh i don't know if it's how you are how women generally or maybe jamaican women approach problems maybe a little bit more analytical a little bit more think about what happened or maybe just maybe social maybe that you think more about the people and these people behind the market but the things that you guys are doing and I don't mean like anybody just buying blindly if anybody listened to any of the

early episodes that you were on they'll hear you talk about some of your method and you're not foolish you know your math right yeah and I do a whole heap of research and I do a whole heap of research and I read a whole heap of graph you have to read the graph. You have to analyze

if this is that, that is that. That's not what I thought you were talking about. I was talking about understanding. You know my thoughts and the importance of understanding the company.

Yeah. Oh, yes. You are actually doing it from the position of you're looking at the charts. I look at everything because I read because even like

dollar, I have investment in dollar and I know that it is a good company in my mind how I look at it because everybody's different. I like dollar so I just sit down there with dollar because I like it. It's not for me to buy

dollar today and turn it tomorrow. That probably is for somebody else. For me, I want to buy a dollar today and turn it tomorrow. That probably is for somebody else. For me, I want to be a part of dollar. So I have investments sitting in dollar. So even if it goes a little down, a little up, a little down, a little up, I am not perturbed by that. You understand? Because dollar is one of my newer companies that I am putting some time into.

There's two things for that. One, you know how I view on that. You don't invest for time, you invest for money. But I love what you're saying here. There's nothing wrong with that. And that's a great thing. That is how it actually is. At least everybody I know is actually good at it.

That's what they do. You have a couple of things that you care about you truly believe in that's that has strong part of your strategy and then you have the other things that you see more opportunities for profiting yeah definitely i'm trying to give everybody a little gift uh if i can when i talk to them tonight or every night but tonight specifically one thing I can help you with is... I'm trying to find the right way to say it. It's based on how you are describing the thing with dollar like saying it almost like i don't want you to think of it as a shameful thing or something wrong that is how it should be if i could take if i if i could help you the one thing there it's to take it a little further

meaning in two ways one is not that you're spending time in dollar is that you're looking for a certain amount of money you're looking for a certain you you are looking for a certain amount of money. You're looking for a certain amount of growth out of it. Right? Right, right. That's why you're looking for a certain amount of growth, and that's why you went in. I believe that that should be the way that you should go into anything. Still agreeing with you on the dollar point.

Hold on, hold on. But if you really believe what you believe, you shouldn't be saying, I'm not perturbed when I see it go down. You should be saying, every time it go down. You see the difference in how you're doing? And you know, that's exactly how I view it. But then the realistic part of it is that when I saw it go down, I said, because I believe in the company, I should have bought more.

Okay. But I don't. No, cash finish. I don't write off the cash. And I like that too. You use everything you bought. Yeah. I'm sure that we often find that we have more cash than we think we have.

No, Randy. let me tell you when I saw something even month end please, September month end I just take up my salary and say hold on, all of this is going right there so let me tell you the weekend the weekend was rough but the week paid off so

there's sometimes sometimes even when i see something like even you see spur tree you know spur trees originally what i like and i saw spur tree go down to $3.49. And see it here in my book? Wish I had money and I had a sad face beside it. I wrote everything down. Yeah, I wrote everything down. But I'm not spending any longer. I just want to big up and I thank you for everything that

you did for me, but for the community and our whole Jamaica, whoever wants to have an opportunity in Jamaica to make something to have, you know, good conversations on Friday night, I really appreciate it, you know, even though your birthday upon a Friday morning, I want to say, you know

make it short and go enjoy yourself but people still learn, so we are still here with you for as long as you're keeping it for all right and have a good one yeah very very much thank you very very much uh corporate body three if if you can like if you can send back the request i don't know i want to hear what you're saying at the end there and um I think you sound went bad

but I hope you heard some of what the teacher striker was saying because I think she brought a realistic view also to to the to what's possible on the market and what's um what's realistic on the market I wish teacher striker the next time you come on and talk in another week, especially when Dana is here, I want to talk about that thing because I think you said that you're using the actual charts, like you're reading the charts. Yes,

I read the charts. But remember, I didn't learn it from reading the charts. Yeah. I'm going to talk to you about that to see if you actually, yeah, we'll talk.

All right. No problem. It's already. Yeah. Yeah. As in if you actually we'll talk. Alright, no problem. It's time already. Yeah. Yeah, we'll talk. Alright. Where did you get that from? Like, why did you choose to do that? Remember I teach maths.

No, no, I know that. I'm asking why did you? I can look at the chart and look at the length of the line. I can't tell you. We'll talk. We'll talk. All right, cool.

Yeah, corporate body, can you hear me? Yes, sorry about that. uh yeah corporate body can you hear me yes sorry about that um my earpods fell out and i just um it was a crazy thing that just happened so i missed a quite a bit of what happened when the accident so yeah um you could share what was said when i got disconnected uh i will try um it was it actually answered a lot of your issues spoke about a lot of um the things you spoke about from another perspective so the last thing you were saying if i if i remember correctly um is that you were saying that you know you don't think of like your your emergency fund really has to be cash that's pretty much what you're saying that, you know, you don't think of, like your emergency fund really has to be cash. That's pretty much what you're saying.

Yeah, something that I have access to, to offset that emergency. Quickly? Yeah. How quickly is quickly? Immediately. So it would be money that you have in your bank account it can go to no man i'm not asking what it is i'm asking what is immediately so that's what i think

give me an example of something that could happen to me and again out of god it's just an example please all right um um oh god don't wait that long you're making me get i don't know he was on emergencies either like um injury or illness or something but i'm saying let's go let's go injury like what happened um maybe i have a a motor vehicle in accident or something or i played football or basketball something happened motor vehicle accident or something, or I play football or basketball, something happened on the court or something, and you have to turn up to get treated at a medical facility,

and you need, and maybe you don't have health insurance, and you need cash. How much cash do you think we need for this emergency? Well, to see the doctor, usually it's like $5,000. And let's say the doctor usually is like five thousand dollars and um and let's say the doctor said okay you need to pay for the cast you need to pay for the billet the bed that you're balling in you need to pay for the um hospital underwear yeah yeah pay for the medication yada yada yada how much money you think I need

it all depends let's say maybe give me a realistic number a fearful number but a realistic number I'm not going to give you a memorial no why not suppose that was the closest one

that was one of the closest too. No, I'm not going to walk up to KPH or University Hospital. But then you're not going to get no money. Yeah, suppose you can. Alright, you have a point. I'm just saying maybe 200,000?

Alright, how quickly I need it. The same night, I presume. But you can't draw 200,000 from the ATM. No, you can't. You can't, but at the same time, you... Wait until Tuesday? Well, if it happened this weekend...

Yeah, it's an emergency, you can't plan it. But either way, you wouldn't... I personally wouldn't liquidate my stocks to pay for the bill. But it's an emergency. Yeah, but I personally view it a different way so yeah but you need the cash i'm not selling at a loss yeah but you need you need your leg and why do you have to be at a loss why am i convincing her about the youth suffering legs it's unestablished to be out in the space here no seriously as in okay let's work

let's play with it let's continue you need it you like you said it's 200 grand you can draw 200 grand from the atm you can multiple times not over one day 24 hours have to pass yeah but the thing is which bank which bank are we using well i'm using scotia bank all right so we're using Not even worse That's like 60 grand a month No, you're able to withdraw 100 Maybe you are able to withdraw 100, but most people aren't able to

withdraw 100 So you're going to do it in pieces and you might hit the daily limit Also pieces and you might hit the the daily limit the limit yeah also your cards got damaged in the um accident so you're not doing it you know you will build out a worst case scenario it's very worst case you don't damn no that's very that happens to many people all the time that's that's actually a normal thing go to the hospital every night it happens

we just don't know who it is so we try to be safe so you this is the emergency that you are talking about so i was kind of wrong you can plan for an emergency this is it he says 200 grand you can't go you don't have your cards you don't even know where your vehicle is and it's a holiday weekend so the card machine is down so what are you going to do the hospital will give me credit they are you'd have to pay us until maybe seven days what are you going to do well that's a tough question you know that's what emergencies are

it's not an ABCD when in doubt you see it's a realistic situation so what are you going to do and you say that the hospital um need payment right away no you said that i said that the card machine is down and so you said i'm gonna give you a credit and i said okay they're giving you credit and so they're giving you like seven days credit. So you have a week now to pay them.

So, of course, banks open until Tuesday. And you lost everything. So we know you're in the hospital. My man can't walk. But you need to come in branch to sign the document to get back the replacement. I'm sorry. That's the policy. So you're not also going to get the bill.

You can't leave hospital for five days. But you have your iPad. Yeah, so if... You can't transfer to the hospital from the bank either. Or you report that the car is stolen, so they lock the account down. But, so the thing is, Randy, even, all right,

I see where you're going and even if I need to sell. I'm going wherever I want. Wherever you want to go, but wherever, wherever it is that I have cash because if I'm going to sell and, um,

selling, selling a stock is still going to take me two days. Hold on. So that's weird. You are selling a stock then? No, I'm not. I'm just saying. I never mentioned about selling a stock is still going to take me two days. Hold on. So that's weird. You are selling a stock then? No, I'm not. I'm just saying.

I never mentioned about selling a stock. I'm just telling you what's happening. You don't have access to your money. Not having. So I can ask you. So there are multiple ways for you to access your personal cash within your account. There's something about the corporate chart. When the card machine is down when the card machine is down

the card machine is down the system is down and you also reported your card stolen so the bank in their wiseness and proper precautions they blocked all of your financial services and you can't leave it. It's easy to leave. You just have to come in branch and sign up the paperwork and carry two pieces of ID. Right. And if it's a medical emergency, based on my experience... I'm sorry, ma'am.

That's the policy. Based on my experience with bankers, they come to me too. Just like how when they wanted me to sign up for the credit card or the car loan or whatever, they come to you. No, they'll come to you for the credit card, but they're not coming to you to do the banking from your bed. So they're going to allow you to withdraw from your bed. They'll come to you no they are they can come to me for me to verify paperwork and for me to sign why are you making this hard though no i'm sorry i try not to insult any bank but i'm making that very realistic there's some people who work at a bank right now who knows that i'm being very honest

i'm sorry sir but that's the policy i understand that you can't come in but the policy is that you have to come in i have to come in to link my j trader account to to one of them broker here you go to me and welcome to my hospital bed that's you're not serious you serious of course which bank are going to my hospital bed for free of funds. You're not serious. You serious? Of course. Which bank are going to the hospital bed? Hospital, I guess.

No way. You see, because I don't know how to answer this question. You do know. Because you notice something, you keep going back to selling the stock. But I don't have to sell it. That's the thing, because... All right, put it this way.

How are you going to access your money then? Yeah, but how... If I was to sell the stock, right? No, no, no. I don't have to go to stock. You know, every time I ask you that question, you come back to the stock. How are you going to get money?

I'd have to walk. I'd have to go myself you physically cannot walk send somebody no the person has to be you I don't know I don't have the answer you have the answer you just keep coming to it and then saying no

you have to sell the stuff but you did raise a point a real point. You said it might take you like two days before you get the money from selling the stock, right? Yeah, but that's what I'm trying to say. So if I show the scenario of selling the stock, whether I get a gain or a loss, and I sell the stock, the settlement, as you know, going to take me two days to get that money. But the hospital gave you seven.

So you have time. But I'm saying, if my banking services are shut down as per your scenario. Yeah, but you have the broker. The broker can send money to the hospital account for you. That's part of the broker. The broker can send money to the hospital account for you. That's part of the job. So if you sell Tuesday, you have the money by Thursday. Thursday evening if you have a good broker.

You know, my broker. And you get your bills paid and you get the nice service from the hospital to your home. And you probably have more money than you needed to pay the bill. And let me tell you something,

the hospital will be happy. They're really just, they're pretending, they're bluffing when they said seven days. People don't pay hospital bills all the time. So the fact that you even pay it, they are really happy. They might even give you a discount.

I'm dead serious. Randy, you go wild with the scenario, though. No, I'm going realistic with the scenario. This is what happens in real life. Suddenly, you have sold, maybe you sold more than 200,000 worth of shares. Maybe you just sold all the shares. So you sold more than 200,000 worth of shares. Maybe you just sold all the shares. So you have more than 200,000, eh?

Like, what you have, you have more than 200,000 worth? Yes. You have some cash in your JTRADER account now. Mm-hmm. And you have a lot of time because you literally can't go anywhere. So you can sit in front of that computer

and learn about the market in a deeper way now because you literally can't go anywhere. But you have an opportunity now to make back the money, right? So you see, what you really did is that you used the stocks

as an emergency fund. Stocks are an emergency fund stocks are one of the best emergency funds stock plus credit card almost unneeded so i didn't i didn't take it from that perspective but i welcome it so thanks for that i hope no i didn't i didn didn't, I personally didn't want to mess with my goal. And I know it's because of the whole, yeah, you plan for an emergency. Well, you don't usually plan for certain types of emergencies. So day-to-day emergency, you may be able to, you know, attack. A day-to-day thing can be an emergency.

What you're hearing now is reality. Day-to-day is not emergency. Day-to-day is day-to-day what you're hearing now is reality day-to-day is not emergency day-to-day is day-to-day and emergency is emergency you have emergencies every day well you're right yeah I appreciate

your perspective you're very very welcome and I know other people probably picking it up too and I want you to get to that you are very correct in what you're very very welcome and i know other people probably picking it up i want you to get it that you are very correct in what you're saying you know it's just i just want you to actually go into the reality of what you're saying so like if you need money in an emergency it means that you need money in probably x amount of days and almost anything amount of days and almost anything above a certain amount of money is not necessarily needed immediately and the bigger the emergency is the higher the level of money needed right so a hospital is not going to kick you off the bed and if you pay in a week if you even pay

in two weeks if you pay in a month if you just even pay in two weeks, if you pay in a month, if you just pay, you are ahead of most of the people that go to the hospital. So that's a realistic thing to think about. Anytime you're thinking about the investment, you're not messing with the goal, you are investing along your reality. And anytime you invest along your reality,

it makes much, much, much, much more sense um and let me also tell you that yo you want to the power of it you don't have to be going as short as you've been going like three months is that's a quarter that's that's one quarter i have plays that i've been waiting at 10 10 15 quarters for i've placed placed, I've been waiting years for. A quarter is barely nothing. Something will happen and it takes more than a quarter to react to. Or to put it in a way that maybe you can get it better is, if you try the level of work you've been using now, and a a time period longer than a quarter, you might be very surprised at the effects that you get.

Like three months is a very short time. So try for, don't, I'm not discouraging you with the shorter stuff. What I'm saying, if you want to like, you know, it's like you're learning to ride. So you want to try the easier thing first and then before you get more complicated the shorter time period is much much much much more complicated oh absolutely lengthen your time a little bit and i think you might get some you might get some strong strong

strong strong strong results and look at the understanding of the thing and i'm saying that bring it back to your tjh point where where um if you look at the understanding of the thing in the case of tjh you maybe you wouldn't have gone in there at all if you're thinking anything near term and if you had understood in a better way what it was before it wouldn't have pulled your money and then you wouldn't have lost the other many months so the trick there is to learn from that like learn the thing well before you go in it and it might save you from going in something. Or more importantly, it will put you in a better thing. Or put you in the right thing for the right time.

You get me? Yeah. I really like the fact that you're thinking about the level of thought that he puts into the dividend, around the dividend that he's talking about, the selling down after the exit. I would say that if you are that worried about a drop, why would you stay in a place where you're afraid?

And if the fear is coming from not really knowing what might happen, then the strength is going to come from getting better at knowing what might happen. And if you get good enough, I know that if you get good enough for that, you probably wouldn't buy a TGH. Or you would have done it only if you had a smaller percentage goal. And most importantly, you would have probably come out before more of the drop had happened. before more of the drop had happened? Well, the thing is, you know,

I have had multiple plays with this stock. What's up? When you say multiple plays, what do you mean? As in, there were periods when I bought it when it was in the 120s. And I got dividend opportunities from it. I got gains from it. So I do make some plays with the stock itself. And I've earned from it.

This time around, though, it's a heavier... How do 120s plays go? So, 125, 126 going to 130s over maybe two or three months. It's the only time it has ever done that in its entire history this is in april march to may of this year this year right march to april of this year by may it had fallen fallen right much more yeah so you don't have any history before that to really match that kind of a rise coming back so so and i spoke about remember i spoke about the debate so i was talking about the no man i get you you know but i'm going off the first thing you said

it's important that you you're actually honest with yourself about the thing that you're basing your money against because it would have allowed you to know that if you're saying that it can't be multiple plays that you've done like that. You've only done one play like that on it. And you didn't get out. They they

So I had sold so buying it in the 120s and I sold it in the 130s. Before that, i held it for from the ipo going into this year early this year um april may yes yes you held it from ipo till now right but i had acquired more when it was in the 120s okay right i like that so you after holding it for for many years the very first time it it came back close though um and broke ipo level is is the time you sold right you've been waiting for a long long

time to get out right and then that's the honest thing with yourself so what you need to do then is think about that and use that knowledge around the next investment that That is the honesty with yourself out there. It wasn't really a play. It's dangerous to call it a play because people do other things and they call it plays. And if we all call the same thing plays when they're not, it can lead to the wrong people trying to follow it or the wrong people thinking they're doing something that they're not.

lead to the wrong people trying to follow it or the wrong people thinking they're doing something that they're not. So it's not really a play unless the play was let me buy this IPO and wait a long long time and the first time it passed I can get out at profit, I'm out at profit and I know that because you said you would not sell your stock to give you the cost right so I held it I held it I held it um only on the prime well apart from the fact that I'm clearly not I don't want to make a loss um it's it paid dividends so I was I was okay because I was making something but I wasn't satisfied with the fact that I didn't have a lot of volume in it. I didn't have a lot of TGA shares. So I could say, yeah, man.

The yield and the dividend is next to nothing for you. The yield and it might be nice, but the amount, it's... Right. So it wasn't doing much for me. Yeah. You see, when you're more honest with yourself, you weren't getting the money you wanted. Right. So...

Say that instead. In my mind... Hold on. Hold on. Say that instead. If it's not giving you the money you want, then you should be going for something that gives you the money you want. Right? Right.

And you know that. And in every other part of your life you you do that right right so who told you that there is a virtue in not doing it in the stock game because if you're taking the money out at a loss a year ago what else could you possibly have put the money in? Or two years ago? There were lots of opportunities. Yeah. And so if you had sold at a 30% loss in 2021, you might have gotten something that gives you 60% gain, 100% gain. So, you know, that's what I recognize.

CPJ was 400% gain in 2021. So, I recognize that win went with the whole Fesco thing. What did you recognize? So I made that, because I was stubborn with the whole loss thing, which is my bad for true. You know, when I'm reflecting on the move that I made, it was a very, very poor move

because I could have sold Fesco at a loss and benefited from Fast Rich when they did the stock split because it was around the same time period that I was in the queue every day watching and nothing was happening. I'm not telling you because I can't lose any money. But at the same time, this opportunity came

and I'm like, look how I could have sold. Realized the loss, right? And still made a good amount of money with the first wage. That's a good amount of money. You'd have made much more profit than you'd have lost in the realized loss. Right. realize loss. Right.

The losses are the losses are the losses are always they're always losses. Like you're thinking don't realize it I'm not selling it but once it's below the price it was

in fact you're at a loss. You know that you're at a loss. You realize it. Right? Right. So there's no use in pretending that if you sell it at that price, it's somehow different. It's only different in that you have given yourself the option of getting into any other recovery vehicle versus staying in the one that you are in and hoping that it recovers. Yeah. So,

but... So, you know, I've learned a valuable lesson in terms of, or maybe it's a principle, just know you opened my eyes to something. You're very, very welcome. And if you really do grow up I think you'll love the product

I see where you posted that you have something coming up so I'm going to look into that yeah I do, every microlog comes that grow up it wouldn't be a brick to ask if I didn't say it slash GRWR and we have

the grants for October coming up in a couple of weeks thank you I think you've given a great start and a great ending to your conversation, I think you touched a whole lot of points that a lot of people might have and just because, like I said, I don't want to keep it too long I do want to talk to the other people

so, I mean, you're welcome to stay, you guys can all stay I don't know nothing but other points are, but let me hear from Sir Lopo and then Ainsley Denton. Big up to you, Randy. Yeah,

man, bro. Big up to yourself from the strong. Big up to all of the work we do. All of you try to know in a night. Happy birthday. I think your dedication knows no bounds, sir.

I don't know, but to be fair, this is not difficult. I don't automatically retire. I sit out in AC. I never said you were tired. I never said you were tired. I said your dedication because you could have been out in in AC. I never said you were tired. I never said you were tired.

I said you're a dedication. Because I sit out in AC. I do other things. Anyway. What's up, sir? Not much, you know what I mean. I'm loving the conversation we just had. I think my favorite term,

and I really think about it in finance, is realized. Just realized, because it ties right back to reality. And I just love that. I think for all the things that we call, all of them, realize gain,

realize loss, realize everything. Yeah, man, that makes sense because that selling at a loss thing is like to me that logic is um like boy i'm gonna go buy the food yeah because i will have less money because i bought the food like yeah that's how it works that is true or you are literally preventing yourself from any and all of the other if there's anything

better out there if there's anything better the only way to definitely not be a part of it is by remaining exactly where you are right so that it is literally saying, am I choosing to only stay in the place

that has not been working so far? It could change, you know, there's always that, things can recover. But am I choosing to stay there, or am I, or to put it another way, am I choosing to only bet on the recovery of this versus 99 other options that might give me the gain that I need plus more? Yeah.

Yeah, yeah, yeah. Like, I just think that's just the fear in the market speaking, because if you don't feel, is the confidence being reflected in the share price and your percentage at the time versus what is the map? What is the actual plan? What is the goal that you're expecting? And what was the check marks on the road to get there? Because you have that and you also have well i'll just i'm just going to blow up the plan some

people i feel like i heard some conversations and the plan is just like oh well it done gone but already so we're not gonna do nothing about it. That's a common thing, though, where, I mean, especially if you're in somewhere new, that's normal. You could be in somewhere new and, yeah, you know, something new happens, something scary happens, you're kind of freezed. Yeah, because I did this thing and it might not be going how I want. I don't want to do nothing else. It's like you're looking at a big set of dials and you hit something and the engine stops turning. And I don't even know if hitting that thing back the other way is going to turn it back on. But afraid to put a screw up or something else, that's a natural reaction, right?

So I don't understand it. I think it's part of the process to where everybody gets their, well, I know for a fact that you get better once you start changing the view on that. Yeah, once that view shifts, the market gets extremely different, better, easier, clearer. It doesn't seem like I say all the time that the market don't surprise me. I shouldn't be surprised. I love a surprise on the market, but it rarely happens. The market being more predictable is one of the best things that can happen

to any investor, and it comes directly, in my view, from increasing the level of knowledge and having that shift in thinking that is in many ways linked right back to the sell, the idea of the sell. Because the sell first, you notice people say, just like Corporate Buddy was saying earlier, realizing the loss at the point of selling. Yeah.

I mean, from the loss perspective versus, like I said, the last perspective versus like I said the same thing at the buy yeah but he says

I don't want to realize the profit but the profit comes at the sale anyway it's like you know

they don't say they don't want to realize the profit they say yo I'm up so much on XYZ that means nobody says unrealized games well They don't say they don't want to realize the profit. They say, yo, I'm up so much on XYZ. That means they're going to go. Nobody says it's unrealized gains.

Well, some people do say that. No, it's not realized gains. No, it's still growing. I don't want to realize it. If I realize it, all I'm going to do is put it right back in. Yeah, that's not my style at all. What? Realizing profits? I my style at all unrealized gains no i mean i mean i really take unrealized gains serious because to me the execution though done well no that's true but but the profit point is still the profit point and when you're in profit you're in profit all you do is you're exchanging it for a different type of profit you're making the same decision

i am saying that i am leaving myself open to all the options that might give me the growth i want next versus just this one that i'm in it's the same decision but we look at it from a different perspective when it's up from when it's down. It's the same exact thing. But it's the same fear that holds you. If you have a certain mindset, it's the same fear holding you in both of them. It will hold you from

selling when you're up and it will prevent you from selling when you're down. Or sometimes prevent you from selling when you're up so yeah all right sometimes i'm selling when you're up also yeah that's what i meant like you you you up crazy profit like oh my god let's say because even it's also sometimes even when you know because if you're doing the research when you're doing the work you have your map as to what is supposed to happen. So you actually get to the point where you're at a point where you're getting crazy profit

and the things that you're expecting to happen don't happen yet. So you're like, oh my God, yeah. But that's why the seriousness of what do I do? But that seriousness of a goal

changes the approach. Yeah, yeah. And you know, the funny thing is, you know this, and if you know how I speak about the goal, you know this. Going back to Corporate Baddie, she did the same thing when I didn't call her goal her goal. When I just made it the situation that you're in. Suddenly selling the thing to manage the situation that you're in became the only thing that you kept saying. And the second you do it, I don't know if you remember that moment, like the first moment when you're worried about that sale, but you're selling and suddenly, yo, you're out.

I remember that. Yeah, you're out. For me, there's a point in my investment trading where I came to love that moment because it makes things, even though I lean on it so heavily, because as I was saying to her, you're always scared. One of the points comes from not lying to yourself. You're not scared. At least, I haven't met the investor who isn't, the good investor who isn't. I'm not lying to yourself. You're not scared. At least, I haven't met the investor who isn't, the good investor who isn't.

You're scared when you're buying. You're scared when you're selling. However, that question for me at the point when I sell is so clarifying. It clears things up immediately because I immediately said to myself, okay, you're scared that you sell because you thought maybe you shouldn't sell. If you think you shouldn't sell you have the money in the account right there buy it back buy it back yeah if you really if you really think you should be

in there there's the money buy it back and if i buy it back if i buy it back then i read then then i really know which which one of the parts based on my research I thought was the best part like in my gut I know what that real part is that I believe in not that it must happen but that's one that I believe in because when I look at it and I thought no I really shouldn't have said okay then buy it back

and there are situations where I have bought it back and there are also loads more situations where okay no I'm not buying it back but having are also loads more situations where okay no i'm not buying it back but having that question having that question asked of you asking yourself that question putting it in front of you as a clear option if you really care so much fixes the entire fixes the entire part of that investment part for me so it fixes the fear immediately no but also for me like when you're back when you do the sell and you do the rationalization like

that you already you're starting back at the last you know no matter how small it is depending on the stock depending on the situation but the buyback you're like okay you can't be at quote unquote that profit anymore you've just you had the money and you put it back in so you have a next go so i guess my my my fear around the decision is the honest fear is the confidence in research and expectation and growth and how you think market react and people reaction and what is going to happen in the play I'm in, after I'm successful, is I probably can look at the next situation that I'm looking at for what to put the money

in after, and maybe I'm not as confident, or maybe I'm not I don't feel I have it as cornered as I want to have it. And so I've dealt with that rationale behind it, to be like, that has helped me

that has had me holding on to the trigger to sell because I'm like alright this is the goal I needed it for this it's serious I'm going to exit but no my next play is what I'm

feeling shaky because I'm like I'm already in this thing and I'm confident about this thing and it happened. So, I feel that level of... And the growth you expected has happened? Yeah, it has happened. So, I want to leave. And I'm like, yeah, I'm out. But it's my next next play has it gone through all of my checkpoints in that way? So I know that I tell them about. It doesn't, not as much anymore. And I think it's the muscle

of the experience. Like, I think what I take every time you say that the market, there's no surprises on the market or there's no, that perspective that you have, I feel... There is none.

It shouldn't be you shouldn't be surprised all the time. Of course there are surprises. Yeah, no, but what I'm saying is that what I get from what you said is not that there's no surprises. It's that the muscle of the experience because

it's fun and then difficult. Yeah. Yeah, man. I expect this stuff to go up or whatever. But let's say you don't put... The day you buy... There's a difference between that and the day when I buy the stuff, it drops

5%. Then maybe they drop a little next seven and then you see it and then you don't have more money you put you are you actually actively in the play like i feel like a lot of perspective changes when you when you're doing the things either daily or whatever interval you're on in terms of how you invest like that that is the that muscle that you build over time is when you feel less surprises because it's not just theory. I think a lot of the theories that happen is like I did

something one time and something happened good or bad and it's like a euphoria or a depression or the ebb and flow of the process. But when you really build up the real experience of doing the active work, the up and the down and the seeing it go up and the seeing it go down, and I think that's what equips you for the quote-unquote

things that surprise things. I think there's a lot of narrative I see that is surprising that shouldn't be from a lot of sourcing where I think that there should be enough muscle memory from actually doing the thing to equip you against it. But that's if I'm following you correctly, I tell you

the only thing I know is that's a blessing. Hmm. I say that. Well, suppose those sources were had had the muscle memory and were that good that is true you'd have more competition yeah you're looking over the people running beside you and realize that yo they, they're running backwards, holding their left foot. But the race is the race.

You still get the gold medal if you come first. I don't need it. If you want to hobble, if my competitor wants to hobble themselves, I'm not complaining about that. That's a blessing. Yeah, I say that too. That's a holy person. Suppose the American

sprinters and they discover yam instead of balko. Yam and banana, eh? It's actually a blessing. Yeah, for real. They'll discover it now, but it's actually a blessing yeah for real they'll discover it now but it's just the blessing is the environment

yeah but that's what I found the doors are always open there it's like anybody can get better if it's the market as a training ground if you will causes there's no question as to whether or not you've gotten it right. If the share price is at two and you bought that one, you got it right. There's some amount

of right that you got it. If the share price is at two and you bought it at three, there's some amount of you got it wrong. There's no going around the harsh, no questions asked nature of the market you can choose to interpret two a different way but numerically it is interpreted as less than three so if you are less if you bought at three and it's at two you know that okay i'm not i there's some part you know i am not getting something right as long as there's somebody else getting it right and when you start pushing, when somebody starts getting it right more people follow that and then more people follow that and then more people get it

more and more people get it right which is why sprinting is so natural to us as a sport because all of us did it in primary school yeah in the same way on the market, you surround yourself

with the right people who do anything, get anything right and looking for ways to continually get it right, you can help or get better. And those people will,

the people who follow those people and the people who follow those people will continue to get better. So don't worry about it. It's a blessing now. It means that you're

getting easier competition. Ten years from now, the general level of the average Jamaican investor will be even higher. Can you imagine how amazing that match is going to be? Yeah, I'm hoping exponentially. And I'd be happy for that. Because the muscle memory at that point,

ten, four years from now, I look forward to. You realize that you are going to be part of the market that is getting higher. The easiest way to do it is to ensure that you are getting better. Yeah. So it's almost certainly going to be better 10 years from now as long as you look to be

better 10 years from now. But we are the market. There we go. And I'm competitive as hell, so I have to keep up. So the market, the market must,

they better listen to how these ladies have been talking tonight. And they're all so new that it's just like, I don't even want to tell her. Like when she says

something that just, it's like, it's like the child that learns to ride the bicycle on the edge of the wall. Just don't teach that child about gravity. Because if I feel like you know what to tell a boy,

yeah, that child, if he never learned about gravity, he might learn to fly. And then we'll know that yo human beings can fly trust me there's this boy that lived down my road and him fly all the time just when you go to the house don't mention gravity if she don't know

like if she's really reading the chat if she's actually reading the chat that's a conversation I've been waiting years to have I mean listen I've read charts to make decisions yeah I mean the charts

the local charts are readable now but I want to talk to somebody who's actually reading the charts no like the plays that she's talking about I know I've not been doing that from no experience reading any charts. So I definitely think that conversation is...

And the market is going to get to that level, which is great. The market is at that level. She's doing it. There you go. And she's not the only person doing it. I've heard you talk about players at that speed, but your reasons and your things that you use around the play might be different.

Yeah. It's a blessing, as you say. Yeah, it's a blessing. Anyway, boss. It's not like there's anybody stopping anybody from getting better. So, there's a reason for everybody to get better. True.

Why? Because it's a strong down. I don't know how long I'm going to do this. I don't know how long I'm going to do better. True. Well, big up yourself for your strong down. I don't know how long you're going to do this. I don't know how long I'm going to do this. Alright, cool. We'll get our last talk then. Big up our dogs.

Ainsley, our LV24 Dratini. What's up? What's up? There, we go point Earth Strong for some

form. Thank you very much. Thank you. Come on. I'm very grateful for the consistency for the podcast

them from here from January to now, I guess. You know, I think I think they've been consistent. Thank you. That makes one of us.

Yeah. I'm happy. I'm happy. It's kind of like when I hear some people talk about the gym. When they're done, i'm glad they go yeah and um you do it for more than a month so you develop a lifestyle because i'm saying three months it takes for farmer lifestyle so thank you yeah um i I have a question though. I wonder like,

what are the difference between in terms of a stock price, what's the difference between a rights issue and an APO? Like, what's the difference in how they affect the stock price? Because I'm thinking that both dilute the stock price because I'm thinking that both dilute the stock price. Both the right

and the left. Both dilute the stock. As in both lower the stock price. None of them lower the stock price. Well, both offer shares at a low price. If that's what you mean.

Yeah, because I was remembering. Hold on, we're clear on that, right? Both a rights issue and an APO often offer shares to investors at a lower price. Yeah, both offer a discount. Yeah, generally. Right. So your question is, what is the difference between the two of them? In terms of the share price. I see that both affect the share price by lowering the price with the discount.

None of them. You mean lowering the price of the shares on the market? Right. None of them. You mean lowering the price on the market, the price of the shares on the market? Right. None of them do that. Yeah, I think that's... You're coming at the thing with a view that isn't necessarily... It's not accurate.

It seems accurate. It's a popular view, but it's not actually accurate. All right. And you want to understand. The best thing I can tell you is you want to understand the reality of both of those things, like what actually happens in both of them. And that would be a great start to understanding it.

But first, you just have to understand what actually happens. Right. I was thinking about it like you said that the APO removes the right of the preemptive right of the regular

retail investor well an APO is usually not usually well an APO is after the shareholders vote to remove their preempted rights and the shares are offered to the public or external shareholders.

There's no such thing, but yeah. Yeah, I was just thinking of I was trying to research previous APOs and rights issues, but I'm stumped because you gave the example previous APOs and rights issues but I'm stumped because you gave the example

like if the stock is at like $5 and then the APO What are you stumped by? Yeah but well it's just that the time to do the proper research for fine like

a rights issue of the past. But I remember because I came into the market 2019. So I remember the APOs. I remember JMMB. And I can see real time where JMMB is at right now. But in terms of rights uh i i can't remember any of that and how it affected the sheer price i can do two things one of them i'll tell you about that second the first one i'll tell you how well i'll tell you first i think the last right issue on the market was i wanted it was a kp reed sorry kp reed so the apo no no no kp read had a rights issue before a few years ago

maybe when you were in the market 2019 most people didn't know it so it was very quiet um all right our key in 2020 did our rights issue also a pure rights issue um a pure renounce of the rights issue excellent example of it if you want to look at that right but if you want generally to know things about the market remember that there's history about the market that is literally a telling of what exactly happened so you don't have to limit yourself to when you joined yeah the beauty is that you can go and check how it was way back in my money ja we have data going. We have data going back to the 90s in some cases. You can see exactly what happened.

So just Google, check when there's a right issue on the JSC, or if you go on MyMoneyJA, there's a little feature in the left-hand column called under Tools called Corporate Act corporate actions and you just click right to share that and change the date and carry the date back that's a feature that's actually going to go it it will be limited for premium users but for now i believe everybody can access it so they can take a look at it and you can just look at what the right issues that have happened in the past are it's not like there are that many of them so you know there's enough for you to there's enough for you to to tell but like i said if you want one to look at that's a nice

pure example look at key insurance right yeah and that's it that's one of the more recent ones. You can go further back and there are others. Yeah, because I'm on the website, but it's limited to 2021, but I can do some external research then. Okay. I mean, you can, I told you keys, you can go to keys page and you'll be able to see it, yeah, key insurance. Yeah, because I'll check it out. Because as a layman, I'm thinking about it regularly. They offer the discount and

you have the X date. So I guess people would react positively to try to get in before the X date. So I guess that would rise the price.

I don't know what you're talking about there. In general. Which one? The APR rights issue. Yeah. Well, I was thinking that would happen to the rights issue. That would happen to the rights

issue that could happen in a rights issue it's not a must but it can happen in a rights issue you have to understand fully listen you have to know how the thing actually works in order to then start predicting things around the thing

so that's the one you want to go and just you're on the right path in wanting to understand it but actually understand it. Understand what it is, how it works, all of that before you start to guess price movement around it because there is no hard and fast rule.

It's people. Yeah. Alright. Yeah, but just check out how it works first you can google it you can check that you can check um like i say in fact if you check the key insurance document they explain a lot of it in it all right cool yeah and the director is circular so it's called all right now yeah mon and i don't explain it well from the first time. Don't just lean on my explanation of it.

Actually read what it says. Yeah, man. I'll do it. At least, you know, I have some of the start cars. I never know where, you know, to go. So now. That's perfect. Yeah, man.

Just read. If you read that, it has a nice little explanation in there, all kinds of things. And you can check out, like I said, KP Reek had one a few years back. You can check that out. Yeah, man. Yeah, and going back.

I mean, you don't see them sleeping, but going back, you can... That's a good little thing that you can see. Yeah, man. All right, Ainsley. Yeah. Thank you. And thank everybody who has jumped in tonight.

I did say keeping it short, so I'm keeping it short and cutting it. No, I hope you guys enjoyed it. Thank you for all the well wishes from everybody who sent them. Thank you for the people who said that this has helped them a lot. And the things we put out have helped them over time. Thank you for all the well wishes from everybody who sent them. Thank you for the people who said that this has helped them a lot and the things we put out have helped them over time. Thank you to Danai for doing so many of these with me

over the years. Check out the Earnings Season Podcast, earningsseasonpodcast.com and of course this is available there also and I'm just, I'm thankful for so many people being positively affected and we'll keep doing it. You know that old saying about each one to each one. Bring somebody else in.

Have somebody else learn about investing and how it can help them. How it can help change your life or just make you manage your money better. Or have some money. Or it might be the hustle that you have you can have from your job or your god forbid hospital bed but yeah um thank you to everybody thank you for enjoying the show i hope you have enjoyed the show uh sorry about not having the youtube version on this computer is gonna take up a lot of my tomorrow with me kicking it around but i hope the audio version is still good if you're listening on the podcast big up um some of you might realize that

we are no i'm not putting up the episodes on the podcast and the podcast has a little bit more information than the youtube does and we like to put that extra value in there for the og podcast listeners so earning season podcast.com check it out and thanks everybody again and have a good night brick boss wins again bro take care