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How To Retire Early With FIRE in 2024 | Interview With A Millionaire Pt.1

all right what is going on guys today i'll be 
interviewing my friend nick who is a self-made   millionaire from following the fire movement and 
investing from an early age right nick he has a   total assets portfolio of worth about 2.8 million 
he has a net worth of 1.7 million and he achieved   fire at 32. he lives in japan but he's originally 
from the united states so nick welcome to the show   just tell us about yourself hey thanks for having 
me brian i really appreciate you inviting me on um   so real quick i grew up with pretty strict asian 
parents uh he was born and raised in california   they didn't really teach us anything about saving 
or investing um i don't really hold it against   them they just didn't know you know the typical 
american dream go to school get good grades   go to college start a family buy a house things 
like that so um and their mentality was kind of   you know spend the money that you earn because 
you never know what's going to happen and if   life happens then you know let it happen 
kind of thing so that's kind of the way we   were brought up which is fine you know we had a 
good life we had a decent life but the reason for   them pretty much asking me to join the 
military is because they could barely afford to   get my brother to college he went to ucsd in san 
diego so when it was my turn he's only a year   older than me but when it was my turn i decided 
to just go to the air force mainly for the free   college so if you serve in the military in 
the u.s you pretty much get free college   so while i was in i joined right after high 
school so 2007 i joined the air force and during   my time in the air force because i wasn't given 
a foundation of financial literacy or financial   intelligence i made every single mistake a 18 
year old fresh in the military can make so i   maxed out credit cards i bought a new car i got a 
ton of personal loans just to fund my lifestyle i   i literally remember just taking money out of 
a loan that i had taken out to show off to my   friends right yeah like partying and stuff it was 
just cash but it wasn't even my cash so thinking   back it's really embarrassing but that's just kind 
of the lifestyle that we had in the military and   for someone so young like that it just seemed like 
the cool thing to do but um so i didn't really   care too much about money at that time 
i didn't save i was living paycheck to   paycheck i barely could keep more than 100 200 
in my account at any given moment i was very   carefree the military took care of everything 
for me all the utilities were paid for   lodging with or not lodging but the dorm was 
paid for right everything was pretty much   free even even the the dining facility was 
was part of the the package um and so i was   uh 18 so i was stationed in japan in the 
military from from 18 to about 24 23 24 years old   so i didn't really have a turning point until 
2011 when i actually found out i had cancer   and i know i've talked to you about this before 
and that was really my wake-up call because i   knew that at any given point i could be medically 
separated from the military because of this reason   and if the air force wasn't there to take care 
of me this this medical bill would have been   massive out of pocket yeah 100 percent and so 
in the u.s sorry to cut you off man but i hear   no no absolutely you're coming from australia i'm 
actually from australia because my viewers don't   know but in australia we pretty much have like uh 
free healthcare our healthcare system is really   good so a lot of speak to my american friends 
and it just oh it's terrifying man you don't   have healthcare over there one one medical bill 
and you're you're done for life man you're just   paying that off for the rest of your life so 
that's very scary man so i think you're you're   quite lucky you're in the military and they looked 
after you yeah absolutely and um it was just a   crazy experience and pretty much when i found 
that out i was like i really need to get my life   together if i if i can survive this thing i really 
need to turn my life around because i didn't have   any money to my name when this whole ordeal 
happened in 2011.

So after luckily surgery was   the only thing that needed to be done everything 
is good i've been cancer-free since 2011.   thanks and so when i came back i was i flipped 
the switch you know i started looking into   dave ramsey's baby steps how to get out of 
debt i was honestly every single day i remember   going home from work every single day we didn't 
have the resources that we have now right with   social media and youtube and podcasts and things 
like that um even channels like yours is crazy   helpful you know i wish i had that 10 years ago 
but instead i was going home and i was googling   how to get out of debt how to pay off debt how to 
save a thousand dollars i didn't even know how to   save a thousand dollars i was looking up steps 
on how to save a thousand dollars it was crazy   and i use what's called the debt snowball plan 
and so i use that to pretty much pay off all   of my debt starting with the lowest balance and 
then working my way up yeah so i had like i said   credit card debt auto loan debt um per a bunch 
of personal loan debts things like that and so   that really helped me get out of it then um it 
wasn't enough for me to cut expenses right i   stopped going out i stopped eating 
i stopped partying stuff like that   it wasn't enough to do that i had to increase 
my income so when i was living in the dorms i   looked around my room and i sold everything 
i could get my hands on it's actually made   a couple thousand dollars just selling the junk 
that was just sitting in my room collecting dust   not only that i was finding odd jobs on 
base you know with my supervisors to see if   i could help out around the house like mow the 
lawn so they're supposed to mow the lawns on   base and so sometimes they don't want to do that 
so they'll pay me to do it and so i was actually   mowing a bunch of people's lawns i was like i 
said i was selling things and teaching english   is really huge out here in japan they actually 
would rather have conversational sessions with   a native english speaker and because i'm american 
you know i'm a native english speaker so you go   on these platforms where you put up your profile 
as a teacher and the students will actually come   to you and they'll contact you and then you kind 
of arrange a meeting and um i've made anywhere   between 50 to 100 per hour teaching english out 
here um you know 10 years ago back then when i was   trying to hustle this was my hustle and grinding 
phase honestly i had no social life because i   wanted to get out of my situation quickly so how 
were you when you're around this time i think   it's um we'll let the audience know that we're 
both born in 1989 yeah so we're about to turn yeah   yeah we're 32 years that's right around which time 
was this when you um kind of try to make yeah get   rid of your debt try to look at finance um i was 
probably so what how old were you during this time   i was about 21 22 years old okay yeah yeah around 
this time and i i was just hustling i was trying   to make as much money as possible and every 
single dollar i made outside of my paycheck   i was putting straight towards that debt you know 
i stopped acquiring junk and i just kept hustling   making extra money putting it towards it and so 
by 2012 2013-ish i was officially debt-free 100   debt free um in a pretty short amount of time i 
think i had racked up about anywhere between 30 to   40 thousand dollars in debt um which is not that 
much compared to other people but it was a lot   to me at the time at that age that's quite a lot 
man yeah so well done yeah absolutely thank you so   much yeah that felt good so anybody who's working 
towards that zero net worth i know how that feels   to hit the zero net worth it feels fantastic 
it feels liberating as crazy as that sounds   so after that happened after i was debt-free i 
went into saving mode something clicked in my head   and i was like i need to keep saving i can't just 
stop here at zero net worth i need to keep saving   it so i saved up until about 2014 i had probably 
about 30 000 to my name oh and before we before   we move on forward um my girlfriend at the time 
who's my wife now we were dating for about two   years and i stumbled across her bank account one 
day when we were uh we were just kind of hanging   out it was on her laptop or something and she had 
like 120 000 saved up uh back then and i was like   wow this is crazy i am so behind i was i felt and 
she's younger than me which is crazy so i was like   i am so behind and so maybe at that time when i 
saw that bank account i probably had maybe five   to ten thousand dollars saved up and so i went on 
to open to overdrive so that was kind of like my   second wake up call like hey i need to i need to 
you know pick up the speed and get serious with it   but of course you know don't compare your 
progress to other people's progress it was   just something that happened to me personally um 
because it's all it's just you versus you right   but anyways that you can take it as inspiration 
like you don't you don't look at someone else's   net worth like you know you don't compare your 
day one to someone else's day one millions right   but at the same time i think you can use it as 
inspiration so i think it's just your mentality   you just look at something else and you're like 
oh oh i want that you know and not be like oh   exactly i'm gonna feel sorry for myself i 
think it's just a mentality thing i think   it is good to have that inspiration yeah you 
know yeah it definitely motivated me seeing   my girlfriend at the time have that much money 
compared to me so it just kept pushing me to go   go 100 120 faster so um by 2014 like i said i 
had about 30 000 saved up and so 2014 was when   i was actually medically separated from the 
military um due to my condition and um i had   i had amassed about 30 000 in savings and i knew 
that i had to have that money working for me so   at a very young age i was like hey 
i need to start investing this money   so that was kind of when my investing journey 
started was 2014.

So i i called up my bank which   is usaa they have like free financial advisors 
which is awesome and i talked to them for a   very long time and they kind of suggested 
really basic stuff right like mutual funds   um very slow secure you know moderately aggressive 
i was still so new to it i didn't want to go   you know all in so i was still pretty moderate 
but that was my first experience with it you   know i opened up a joint brokerage account when i 
married my girlfriend so we were putting all the   money that was gifted to us and straight into that 
account um which was kind of growing slowly and   by about 2019 we had a mass between the both of 
us because we were dual income we had amassed   a savings of about 650 000 um just very small 
part of it was maybe like 100k was in stocks   but the rest of it was just sitting in a savings 
account and so i kind of sat down with with my   wife and was like hey let's let's make this money 
do something for us because it's just sitting   there doing nothing and so this is when i really 
started getting hardcore into investing and the   first thing i did was real estate so i've always 
been told my whole life that real estate was where   it's at so yeah um in 2019 i was like i'm going 
to do this and i'm going to achieve as much as i   can with this real estate investing and so she 
is kind of focused on her own career her own   goals and so she was like i'm gonna trust you 
i'll give you 100 control over everything and   so that was when we combined our finances and i 
was able to start pursuing real estate investing   and then 2020 came around pandemic happened i was 
able i was still able to buy six rental properties   in 2020 they're all cash flowing very nicely now 
and then in 2021 i just kept accumulating assets   a lot of these assets are not only 
cash flowing assets but their capital   they're gaining capital growth and also just 
additional sources of passive income and so by   i believe july of 2021 i was able to hit financial 
independence and essentially retire early right   the fire movement um at age 32 and so that's 
kind of um my whole story right there in a   nutshell yeah that's very inspiring man yeah you 
told me the story a few times but like every time   you tell me i get some i learned something new 
from it and i get inspired but so well done man   um thank you so much i think i think just for the 
viewers um for the benefit of viewers maybe you   can go through what exactly fire is how you heard 
about it and you've told us how you achieved it   but maybe just tell us a bit more on like kind of 
like the process and what what like i guess new   new investors that want to be in your position 
in the future what what could they do about it   absolutely so um fire the fire movement is f-i-r-e 
uh it stands for financial independence retire   early and so that pretty much means that you've 
achieved um a financial state where you don't   you no longer have to rely on a job essentially 
or or it's optional so we call it work optional   there's different levels of fire which you could 
probably google but the the most common one is   to hit a certain level where not only are your 
your monthly expenses taken care of but also   your living and entertainment costs are are also 
covered so outside of just the necessities you   have extra money to live your life comfortably 
and so there uh there's a lot of different ways   of achieving fire but i'll just tell you the two 
main ones that i know personally so there's one   that's going around in social media right now 
and it's where you pretty much get your annual   basic expenses and times it by 25 and that's 
your fire number and uh the goal is to build   up a portfolio a stock portfolio for example up 
to that number so for example 2.5 or 2.8 million   and the safe withdrawal rate is anywhere between 
three to four percent so that just means you   could pull out of that portfolio three to 
four percent every year and never run out   of money and that's usually a i don't know 50 
to 100k a year living expenses comfortably and   there's a lot of different factors that go into 
it but that's the one main way of achieving fire   that i've seen on social media a lot and 
then the second way to achieve fire is to   um accumulate different passes of or sorry 
accumulate different uh sorry yeah exactly so   the second way of achieving fire is to accumulate 
different sources of income preferably passively   and so that was that was the the method 
that i was able to retire early was just   accumulate a ton of sources of income i think i 
have like seven sources of income right now and uh uh yeah so there's uh rent income there's 
interest interest income there's dividend income   um i have a veteran's disability income okay 
uh and then there's uh the crypto i already   said interest um there's there's passive 
income coming in from nfts uh that hasn't   come in yet but i i'm going to count that once 
it comes in which is pretty cool i think that's   a little bit uh there's guinness at the moment 
right right right now we'll stick with like um   i guess my understanding of fire is it's mainly 
achieved um through stocks or real estate in your   case i'm guessing most years came from real estate 
so the passive income is your typical income   that's coming in and uh how many real estate 
properties did you own did you say uh six okay   six and you've just got the um you've rented them 
all out by the way were you in were you in um in   were you in the states when this happened or how 
did the whole process how did you buy all these at   properties you were you still in japan um i was in 
japan the whole process so i was literally on my   laptop sitting on the couch until about three in 
the morning my time wow you know contacting my   realtor yeah i did everything with uh power of 
attorney with the with the notary that we have   on base um i did everything uh even if we didn't 
really have that on base uh i i could still go   to the u.s embassy out here in tokyo and and 
get documents notarized if need be but for the   most part i gave power attorney to my real estate 
attorney uh uh which she was really helpful and   then also my property manager has helped me a lot 
and the number one person that helped me the most   was my realtor because without him i wouldn't 
have been able to achieve any of this because   pretty much he gave me all of his contacts because 
he is also a real estate investor himself himself   so that's one thing you really have to 
look into if you want to get into this   you have to make sure that the realtor is just not 
in it for the commission he's in it for the long   haul because they actually know how to invest in 
real estate as well so um that was really helpful   i think i went through a dozen realtors before i 
picked him and it was so easy yeah he gave me all   his contacts and you know he gave me options to 
pick and choose who i want to work with and you   know i always tell people like why reinvent the 
wheel if if the team is already created yeah and   this is the right reason yeah you said you started 
um uh investing in real estate about 2019 2020 was   it so it was only about 20 20.

2020. yeah yeah i i 
probably researched for about six months straight   before actually getting it so so self-education 
is number one absolutely so with the would you   would you say the increase in your net worth is 
mostly from the passive income coming from the   rental income or like the i'm guessing there's a 
lot of us to appreciation as well in the last few   years oh yeah everything everything uh loan pay 
down uh capital gains appreciation rent income   and the tax advantages yeah and with your fire 
movement uh did you was any other contributor from   stocks and dividends as well or is that now yes 
yes so our dividend portfolio pays out about 500   a month on average so that that covers more than 
than like groceries and bills and utilities and   things like that yeah and would you say the cost 
of living in japan i'm guessing a lot of people   watching this will probably be from australia 
or the united states would you say the cost of   building in japan would be kind of similar 
to the cost of living in the us as well   um it really depends because you could you could 
talk about like california the bay area that's   super expensive what were you talking about 
by the way and where were you originally from   in the united states my real estate yeah my 
real estate is in the midwest so in indiana   i just uh we did we did market research out there 
and it just seemed like the best bang for my buck   was in the midwest which you know luckily 
we couldn't have timed it any more perfect   because it just blew up after we bought those 
properties and even my realtor he texted me a   bunch of times sometimes and was like oh man 
you got in at the perfect time because these   the equity increase in these properties has been 
insane i think it's anywhere between 700 or 750   000 in equity now in these houses which is crazy 
but um i am originally from san jose california   okay and that cost of living out there is 
crazy yeah yeah i was gonna say yeah yeah okay   so do you think it helped a little bit that you 
were in in japan at the time um so it depends on   where you are in japan you know if you're in the 
city that's gonna cost a lot of money to live but   we kind of live out on the uh the outskirts a 
little bit in the countryside but i would say   our cost of living is anywhere between 30 500 
and 4 000 a month just basic necessities okay   yeah yeah that may be more than most people are 
less than most people but that's pretty much our   average it gives the viewers a good idea of like 
what you can achieve and like yeah numbers that   you want to achieve from there so would you say 
oh just going back to like real estate and stocks   would you say like for a beginner starting out 
now like today would you say if they wanted to   achieve fire would it be better for them to go 
real estate or would it be better to go stocks um tough question huh i would yeah it's really 
tough because you could you could go either way   um it just depends on the time horizon right so 
with real estate i i like to think real estate   has a higher barrier of entry because you need 
a little bit more money saved up for for the   down payment for example but i do know there's 
other ways of for example house hacking where   if you're a first-time homeowner in america 
you could get a fha loan which is the federal   housing administration loan and you can just 
put it down as little as three to five percent   and lit for example get a duplex live in one side 
and rent out the other essentially your tenant   pays off your mortgage so you're essentially 
living for free right so a lot of people will   will promote house hacking and i think that's a 
fantastic way to get your foot in the door with   with investing for sure in real estate um 
or with stocks it's just kind of a longer   play with stocks because you kind of have 
to have a considerable amount of money in   your portfolio before you can start cash 
flowing off of it for example the dividends   or or withdrawing three to four percent every year 
you're going to need a pretty fat portfolio at   that point for you to live off of that but really 
it's just going to depend on your situation and   what your goals are personally um real estate like 
i said it has a higher barrier entry it's really   difficult it's not easy i don't know why people 
make it sound so easy i i've at least with my   experience it was a lot of work um a lot of work 
up front honestly it was i i if i had to start   over again i wouldn't do it but it sounds easy 
when you say it you said like you know you went on   your phone you called like you know your attorney 
and yeah i know in the background you're doing a   crapload of research oh no yeah yeah it's a time 
they're sitting handpicking things and saying   oh by this by that there would have been so much 
research going on right it was it was so stressful   honestly there um the two most recent houses that 
i closed on actually the first lender pulled out   last minute and so that almost destroyed the deals 
and i was i couldn't sleep i couldn't sleep for   days after that and so my my mortgage broker he 
worked overtime i i owe it to him so much and um   i'll i'll be forever indebted to him because he 
in in four to five weeks he found another lender   who was willing to take the appraisal from the 
previous lender and we were able to close within   like four to five weeks after that which is 
unheard of yeah uh at that time it was crazy so   that was one of the challenges out of many 
challenges that i had to face and it was just   it's it's tough it's really tough everything is 
time sensitive and of course i'm overseas i had to   sacrifice so much sleep to get all this started 
and um so it's really difficult it's honestly   it's not for everybody um as much as i like to 
promote real estate investing and how good it is   it's really not for everyone yeah yeah i kind 
of agree with you there like you know i'm about   i was kind of like a late bloomer to personal 
um finance like i was kind of like you i had um   immigrant parents and they've always taught me to 
save your money uh only look only say either save   your money in the bank account or buy real estate 
that's that's pretty much like what i was told and   i kind of took that literally you know so my money 
was just like you know getting eaten by inflation   every year i think i was only around when i was 
about 25 where i started taking it seriously   and the funny thing is i actually studied finance 
in university so i knew all about my market and   everything but it's just like it just goes to 
show like how much that the influence you have   from the people around you and also like i was 
i'm kind of like an only child so i didn't have   anyone to look like um look up to so i didn't have 
an older brother or sister so i always just like   latch on to my friends what my friends were doing 
i'll be doing so they weren't really doing it   into stocks or investing and things like 
that so i'm like why should i do it right   so when i started dude when i did start taking 
seriously i'd look between like stocks and   real estate and at the time like i think real 
estate at where i'm from i'm in perth australia   so during that time i would have been around 
21 years old and during during that time there   was a big mining boom where i was right so real 
estate prices were originally quite high already   and i almost brought some real estate at that time 
but i'm kind of glad i didn't because at that time   it's only just to give you an idea that was 
about maybe it was about over 10 years ago and   real estate prices were kind of like here and it 
took until now to reach like that same price so it   boom down like once the mining boom was over a lot 
of people left our state went back to the eastern   states back to sydney melbourne wherever they're 
from and just property prices just plummeted   right so at that time i was starting to look into 
stocks as well and i was looking at the pros and   cons of like stocks versus real estate and stocks 
just i just like them because it's just a lower   barrier to entry like you say like real estate you 
need you need a crapload of like capital upfront   like even though like yeah you say all those 
loans that you can do from the government   and i think we can do something similar as well 
i think you only need like a five percent loan   here to get a bank deposit but then you need to 
pay mortgage um insurance as well so there's a   lot of like hidden exactly and that's nothing a 
lot of hidden costs involved with real estate yeah   and yeah and just with stocks it's just even back 
then like it was pretty easy it's not as easy as   it is now where we got like free brokerages like 
we got online brokerages fractional shares like   you know like low cost brokerages back then it 
was like a bit higher but still online brokerages   right so it's just such an easier by variety entry 
so for me like if any newbies were starting now   and they wanted to get into like the investing i 
would recommend stocks it's just it's just so much   easier at the moment yeah yeah i agree and a lot 
of these brokerages they they give you free money   to just get started with them with the referral 
link which is awesome so yeah super easy and i   think like you said the 2020 like stock stock 
market like um that whole thing i think it just   made a lot of like new investors come in but at 
the same time i think it just created unrealistic   expectations as well with like you know 10 x's 
like 5x 10 or 12 gains so now these days like you   you have a good year in the stock market right 
the s p 500 probably like returns about 10   on average every year and to those news investors 
they probably see that and say like oh that's   that's that's horrible you know but it's actually 
that's actually a quite a pretty good return for   in the market you know there's no other assets 
out there that can return that at the moment so   right exactly except for crypto yeah we'll go into 
that later yeah yeah yeah just just for me i agree   for like a um a new investor coming in like for 
me at the moment um real estate is kind of like   a wealth preserver at the moment like i don't 
know like real save prices in australia has   gone gone through the roof and i've seen in 
in the us as well it's just it's going crazy   but i'm also it's it's actually at a point where 
i'm also thinking like the government won't let   it fail you know like it's never gonna i don't 
i don't see another big crash like coming like   they if something were to happen the government is 
that just too relying on these investors to just   like you know do nothing so something if something 
would happen they would come in and save the day   so it's yeah it's hard it's hard but like i 
think just the ease of use with stocks i think   important for new people to come in i think that's 
yeah that's an easier way to get into like the and   i think mostly the fire movement is based on 
stocks as well because it's based on that for   dividends as well so on average like the if if 
you buy a dividend stock that pays four percent   so if you had pretty much if you had like a 
million dollars in in stocks it'll pay you 40 000   to live on for the year right so i think that's 
kind of like where like i'm fired these days it's   going so yeah i think i just think real estate is 
at the moment yeah it's it's quite hard to get in   yeah yeah it depends on where you are in your 
situation but yeah absolutely i agree stocks is   super easy to get into it's just kind of the the 
long term play um you just got to keep chipping   away at it over the years and you know increase 
that savings rate investing rate yeah per month   and you'll get there quick yeah i mean not quick 
but you know eventually no get-rich-quick schemes   here you wanna talk about some of the stocks that 
you you invest in yeah yeah absolutely so um i'm   not gonna go too deep into it because i don't 
want people to copy and be like oh you know what   you're telling me you know people watching still 
financial advice we're just is this two mates   having fun they're talking about exactly just 
for entertainment and educational purposes only   but um so obviously i have vo qqq so vo is the 
vanguard s p 500 etf yeah and an etf is just   a basket of stocks traded like stocks it's not a 
mutual fund it's usually lower in fees or expense   ratios that's why i love etfs um so it's just buy 
and hold for long term yeah that's this is the   piece 500 equivalent is ivv for people watching 
in australia yeah good absolutely i was going to   ask you that uh and then uh qqq is uh nasdaq 100 
that's all tech you know blue chip type stuff i   don't know if there's an equivalent in australia 
yeah there is it's just called ndq so it's quite   easy over here yeah okay 100 and it's actually 
one of my favorite etfs as well so it's good   and um there's a there's a common set of 
acronyms in the states where it used to be fang   but now it's mang because facebook changed their 
name to meta yeah but i also have another m behind   that because uh so what i do is uh meta right 
or facebook formerly known as facebook uh apple   amazon netflix google and microsoft microsoft is 
a heavy hitter they've been on the top ten market   cap for decades you know so you can't ignore 
microsoft um then i get into i have a pretty   big dividend portfolio and so i have a lot of 
dividend yielding um etfs so some of those include   sy or sspyd i think it's spyd yeah spyd vnq is 
a reit right real estate investment trust uh vym   is a vanguard high yield dividend and then vymi is 
how you'll divide an uh international etf and then   schds charles schwab uh high yield dividend and 
then my my growth stocks i'll just give you the   first five or a few that i that are my heavy 
hitters so nvidia i bought nvidia a year ago   uh nvidia's been crushing it it was up 160 at one 
point but now it's only up 80 which is still crazy   yeah exactly uh united health group home depot 
waste management and nike so i try to spread   out my growth stocks in different industries and 
different sectors because you don't want to be   too much in for example tech look if you were so 
much in tech with what happened this year yeah   right but you know i don't really get affected 
by the red days i'm sure you don't either and you   know we're we're a little bit more experienced 
uh investors now we don't really panic sell or   paper hand is what we call it or you know panic 
sell but um we kind of just ride the waves and   you know try don't don't put all your eggs in one 
basket but that's pretty much my how my portfolio   looks at looks like right now at least the top 
percentages of of them i have other ones but like   i said i don't want to get too too deep into it 
okay no this guy's good man and now yeah i'm glad   you brought up the point about like your market 
sectors like you know you saw like all those back   in 2020 you buy any growth stocks man that's just 
it's a guarantee 23x right back in 2020 and and   now we're seeing like you know the rotation like 
you know the feds like they want to increase um um   interest rates fight uh high um inflation things 
like that and in those kind of markets it's not   the growth stocks that's going to make you money 
it's kind of like the the more value stocks the uh   stocks like like walmart uh jpmorgan 
uh what are they called benefit   environments things like that so yeah it's nice 
to have like those separate like sectors there to   like kind of balance it out because i know you 
say like you know red days don't affect us but   it's still not nice looking at your 
portfolio and everything's red right   so you want you want to live with balance 
as well so yeah that's good man exactly

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