im sorry for this
FULL TRANSCRIPT
hey everyone me kevin here i need to
apologize for four things because i have
definitely come across as quite damn
flippant and flip-floppy and i'll tell
you yesterday i went to see all-american
rejects gives you hell and i totally got
pumped up but i was wearing flip-flops
too
anyway uh i did bring my runescape
anti-venom potion here just to keep me
alive through this
it's saturday i'm gonna try to keep this
short but i definitely owe you some
explaining and look this isn't to try to
get subscribers this is just to
apologize to those of you who keep
coming back to my videos and
you might be scratching your head going
damn kevin like
what's going on in your life all right
so first live streams thousands of you
love and appreciate the live streams at
market open and close every time i run a
poll like should i bring it back y'all
love it i love it i love the sound board
i have i like was so pumped and hyped to
come back to doing the marketing closed
live streams this week
and
here's what happened
combined with my course member live
stream
when i brought back the market open and
closing live streams
i realized i was live for about an hour
and 15 minutes an hour an hour and 15
minutes it's about three and a half
hours plus the prep time not research
time like that's extra that's like
default but like the prep time of being
changed and my hair is ready and my
computers are on and the equipment's
working or whatever right i was probably
spending somewhere around four and a
half to five hours a day
just doing live streams in fact if you
look at like tuesday wednesday thursday
i think i posted a combined like two
videos outside the live streams because
i'm like oh man i ain't got time and so
you might be thinking like well you were
able to do it in during the pandemic in
2020 and 2021 what changed well what
changed is
we're launching a 50 to 100 million
dollar business that's the series a
right
and so now i'm like oh my gosh how am i
gonna balance being live for four and a
half hours a day while trying to map out
a property management team a software
dev team an acquisition model uh the
perfect model for uh perfecting our
artificial intelligence that we already
have or augmented reality like all of
the the things that are going into this
amazing business which i'm not even
gonna take a salary for is taking a lot
of time and so i don't have the time to
make awesome regular youtube videos be
live for four and a half hours a day uh
you know provide the value that i
promised to my course members and have
family time and also
run a startup so unfortunately i can't
do the live streams and that's
i'm totally blaming time on this it's
not about money i know some people think
that it's like oh are you just doing
this for the algorithm or money look i
mean it's sad when i lose subscribers
for the live streams but oh well you
know that's what happens when your
name's live and people like i don't like
that guy anymore i don't like his face i
want to punch it or whatever right uh
but like for example the company i'm
making that's like my life's dream and
goal i'm not even taking a salary on it
i don't even get paid until after it
ipos in the future at a multiple
valuation that's it like that's the deal
i'm making with people who invest in
that company so this is all time
motivated i really apologize for that
because i said i'd bring him back
and then i flip-flopped on it i really
apologize that was a failure of mine to
not properly plan that out second
failure fitness challenge you might
remember last year like towards the end
last year i'm like oh yeah i should do a
fitness challenge dude that fizzled so
freaking hard but you know when it
really hit me that i was
a total disaster was when i went skiing
this january so i go skiing this january
and i i'd like to go skiing every year i
didn't during the pandemic so i was off
for about two years and then i go skiing
this january here 2022
and then i'm like what the hell i can't
get down the slope without stopping two
or three times i can't get down the
double blues or even the blacks uh and
without stopping uh like
that's because my thighs were on fire i
mean i remember going on this one black
after having skied for the day and i go
to make the turn and my thighs are like
oh oh and they basically give out and i
fall on this black and we called the
patrick starfish of course it was under
uh this the chair lift so everybody on
the chairlift saw me but i'm going
spinning down and i'm like oh i'm gonna
stop eventually and i'm like no i'm
speeding up going right for the trees
it's terrible anyway what happened was i
realized oh my gosh i weighed before the
pandemic and i think this is underweight
but i weighed
pounds it's like okay go to the gym and
add some muscle like i get it right uh
it but but when i went skiing i weighed
about
180 pounds and i'm like
oh that's a 43 pound difference that's
like covet 20 times two and then some
hamburgers like
whoa okay so i got destroyed and i've
really been focusing the last like three
to four months on actually incorporating
running into my life again and now i've
added a gym in the garage again it's
really cool maybe we'll do a tour one
day if you all want to see it but i
gotta lose weight add muscle it's a goal
uh not necessarily doing the fitness
challenge but but definitely
focusing on fitness again and uh i
wanted to apologize for the flip flop
and mention my new inspiration
january was pretty bad okay a lot of bad
realizations happened in january which
brings me to of course my third uh
apology and this is like
i i wish i had a solution for this but i
i'm gonna give you the solutions that
i'm working on for this but i don't have
a perfect solution for this so let me
give you an example
in march of 2020 i bought peloton for
like 29 bucks i didn't get the low of
like 19 bucks then and i thought i was
making a good move buying it at like 29
bucks all the way up to about 80 bucks
uh and uh unfortunately even though i
made videos being bullish on peloton i
sold all of my peloton in july on july
19 2021 i sold all of my peloton this is
a discord alert right here for the
stocks and sykes course members sold
alert just closed all peloton shares and
options green today and see web traffic
chat more in morning live and in that
morning live stream i explained look
orders are going down prices are going
down web traffic's going down uh like
this this is very dangerous and is a
very bad catalyst i have to get out of
this the fundamentals are changing i'm
getting out the problem with that though
is if you weren't a course member you
wouldn't have known that now i did in
live streams like market open and closed
live streams later say oh by the way i'm
out of piton but unless you caught those
mentions if you just watched the
original video you weren't a course
member and you didn't catch those
mentions and lives you wouldn't have
known that i'm like warning warning
fundamentals changed
and uh
that made me realize like wait a minute
there's got to be a way because you know
you go to you got a weeble right now the
thing's sitting at like 11 right that's
crazy and july 19th was over here at
what is this 113 bucks something like
that so i got out around 1213 bucks and
then this is what came and i'm like well
damn like i wish there was a way
that
i could take control of people's money
who wanted me to and
make sure that doesn't happen or at
least try to prevent that right because
that way if i sell you would sell and so
here's what i realized so far and i what
i apologize for is not having the answer
yet on this like exactly what to do but
there are really two main things well
there are three things you could do you
could be a registered investment advisor
and literally take control of people's
brokerages i'm not interested in doing
that you could have a a hedge fund which
is very interesting because with a hedge
fund you can take investments from
people you can uh trade options and
derivatives but then you're a hedgy
right
which maybe that's not necessarily a bad
thing but i don't know how desirable
that is because hedge funds also have
high fees usually anywhere between one
to two percent and there may be
performance fees on top of that although
those are against the ruling against the
law in california so you can you can't
charge that performance fee for the
california folks you can only charge
that to people in other states it's so
freaking complicated anyway uh the other
option is an etf which is cool because
it has tax advantages over a hedge fund
but etfs have big compliance headaches
where like if you're constantly making
youtube videos your youtube videos can
be considered ads for an etf and those
need to go through regulatory compliance
and if they don't
then
you could get in big big big big trouble
this is why i believe when kathy wood
for example posts a video she has it
scrubbed by her attorneys first and
that's different from being like live on
cnbc or whatever their loopholes for
that but she has compliance people scrub
it first
uh and and i think also in the past
she's had her comments off a lot because
of those compliance rules because they
don't want it to come across as like a
certain type of form or whatever i don't
really know everything it's complicated
i apologize for not having the answer
these are things i've thought of if you
have any insights let me know the
comments are on which reminds me and
brings me to the comments section okay
the comments let me tell you this
when i ran for governor in california i
had people come up to me and say kevin
you have to do something you have to
solve the spam on youtube because people
are like i've lost five to ten thousand
dollars to scammers in the comments
section thinking it was you that i was
talking to because you go over here and
there are two types of scammers one is
look at this this is just the top sorted
uh on my urgent warning to investors
video from yesterday uh i must say
you're the most iridite and smart
analyst or whatever and then they they
just basically they start talking to you
about oh contact kyle miller on telegram
or you get the other ones where uh they
just reply to everyone's comments like
these oh text me and they put your logo
and like a number or whatever these are
all scams and i could go in here and i
can hide them which i used to do for
like two hours a day hide them and it
deletes it and then they have to make a
new account the problem is they do they
just make a new account these spam bots
are so prolific like elon's worried
about spam on twitter man don't even get
me started on youtube okay
and so
i flip-flopped on this idea of like
turning them off uh it's also much more
like mentally healthy for me to have
them off so there's also that benefit
because just like i don't know some of
the comments man oh some of you don't
like bear markets damn
but anyway uh the spam is so bad i've
been flip-flopping back and forth on
this i don't really know what to do with
the comments it's so freaking spammy
like part of me is just like i just
won't look but then the spam is
absolutely absurd it's terrible and
don't ever go to a credit card video and
expect there not to be spam like those
are the worst things
okay uh then uh look the last thing is i
just want to apologize for being so
abrupt uh for my flip-flop in january in
january january 5th i made this really
detailed video about why the fed just
had the worst flip-flop ever and it was
really concerning but i was still in by
the dip mode and a lot of people like
how are you buy buy buy buy and then all
of a sudden you flip flop and the
reality is the way it is is like i had
my by the dip mode was on it's just like
i'm in by the dip mode oh no no no it's
like a robot right and then i'm
researching researching and i'm like oh
my god oh my gosh oh my gosh oh my gosh
i see it oh oh wait a minute oh this is
bad this is about oh oh i see what's
going to happen now and i mapped out
like oh robinhood's going to go to nine
dollars matterport's going to go under
seven dollars and it did like all these
things happen uh you know the federal
reserve was probably going to push us
into a technical recession because it
didn't take much more
than a few dollars of less spending
compared to last year to be in a
technical recession like these are all
the things we mapped out in january and
i'm like we're probably going to go down
another 20 and we did we went down
another 23 on the nasdaq a lot more on
some of the individual stocks where i'm
like you can't be in these i also said
that i think small caps would rally back
big once we get to the bottom and we go
risk on again
uh which you started seeing that i mean
even like a loser stock like tattoo chef
was up 12 on friday right that was the
small cap thing like those things all
came true but i was really abrupt with
this i apologize with this because it's
like i was in buy mode and then all of a
sudden i flip-flop like how does it feel
like how do you buy one day and then
flip the next it's just because
all of the research finally like i drew
the string between all of it and i'm
like
this is what's going to happen now i
ended up being right i didn't perfectly
time getting back in the market i'm back
in the market right i'm 96 in the market
i didn't perfectly time it i think i did
a decent job i could have done better
absolutely but i i just wanted to
apologize
for being abrupt so there you have it
okay you've got uh apologies for i think
everything i need to apologize for if
you think there's something i haven't
apologized for yet let me know in the
comments down below but i think we've
done good live streams fitness
uh
the way i i buy and sell uh and uh the
january flip flop and then also the
commons flip flop i guess that's five
flip flops instead of four anyway thank
you so much have a good day i love you
all and i'm only making this video
because i really do appreciate you and i
apologize for seeming like a madman
hopefully this adds some clarity
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