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im sorry for this

12m 49s2,771 words388 segmentsEnglish

FULL TRANSCRIPT

0:00

hey everyone me kevin here i need to

0:01

apologize for four things because i have

0:04

definitely come across as quite damn

0:07

flippant and flip-floppy and i'll tell

0:09

you yesterday i went to see all-american

0:12

rejects gives you hell and i totally got

0:14

pumped up but i was wearing flip-flops

0:16

too

0:17

anyway uh i did bring my runescape

0:19

anti-venom potion here just to keep me

0:22

alive through this

0:24

it's saturday i'm gonna try to keep this

0:26

short but i definitely owe you some

0:28

explaining and look this isn't to try to

0:31

get subscribers this is just to

0:32

apologize to those of you who keep

0:34

coming back to my videos and

0:36

you might be scratching your head going

0:37

damn kevin like

0:38

what's going on in your life all right

0:40

so first live streams thousands of you

0:43

love and appreciate the live streams at

0:45

market open and close every time i run a

0:46

poll like should i bring it back y'all

0:48

love it i love it i love the sound board

0:51

i have i like was so pumped and hyped to

0:53

come back to doing the marketing closed

0:55

live streams this week

0:56

and

0:58

here's what happened

1:00

combined with my course member live

1:01

stream

1:02

when i brought back the market open and

1:05

closing live streams

1:06

i realized i was live for about an hour

1:08

and 15 minutes an hour an hour and 15

1:10

minutes it's about three and a half

1:11

hours plus the prep time not research

1:14

time like that's extra that's like

1:15

default but like the prep time of being

1:18

changed and my hair is ready and my

1:20

computers are on and the equipment's

1:22

working or whatever right i was probably

1:24

spending somewhere around four and a

1:25

half to five hours a day

1:27

just doing live streams in fact if you

1:29

look at like tuesday wednesday thursday

1:31

i think i posted a combined like two

1:33

videos outside the live streams because

1:34

i'm like oh man i ain't got time and so

1:37

you might be thinking like well you were

1:38

able to do it in during the pandemic in

1:41

2020 and 2021 what changed well what

1:43

changed is

1:44

we're launching a 50 to 100 million

1:46

dollar business that's the series a

1:48

right

1:49

and so now i'm like oh my gosh how am i

1:51

gonna balance being live for four and a

1:52

half hours a day while trying to map out

1:55

a property management team a software

1:57

dev team an acquisition model uh the

2:00

perfect model for uh perfecting our

2:02

artificial intelligence that we already

2:04

have or augmented reality like all of

2:06

the the things that are going into this

2:08

amazing business which i'm not even

2:10

gonna take a salary for is taking a lot

2:12

of time and so i don't have the time to

2:15

make awesome regular youtube videos be

2:17

live for four and a half hours a day uh

2:19

you know provide the value that i

2:21

promised to my course members and have

2:23

family time and also

2:25

run a startup so unfortunately i can't

2:28

do the live streams and that's

2:30

i'm totally blaming time on this it's

2:32

not about money i know some people think

2:34

that it's like oh are you just doing

2:35

this for the algorithm or money look i

2:37

mean it's sad when i lose subscribers

2:39

for the live streams but oh well you

2:41

know that's what happens when your

2:42

name's live and people like i don't like

2:43

that guy anymore i don't like his face i

2:45

want to punch it or whatever right uh

2:47

but like for example the company i'm

2:49

making that's like my life's dream and

2:51

goal i'm not even taking a salary on it

2:54

i don't even get paid until after it

2:57

ipos in the future at a multiple

3:00

valuation that's it like that's the deal

3:02

i'm making with people who invest in

3:03

that company so this is all time

3:05

motivated i really apologize for that

3:07

because i said i'd bring him back

3:09

and then i flip-flopped on it i really

3:12

apologize that was a failure of mine to

3:14

not properly plan that out second

3:16

failure fitness challenge you might

3:17

remember last year like towards the end

3:19

last year i'm like oh yeah i should do a

3:21

fitness challenge dude that fizzled so

3:22

freaking hard but you know when it

3:24

really hit me that i was

3:26

a total disaster was when i went skiing

3:29

this january so i go skiing this january

3:32

and i i'd like to go skiing every year i

3:33

didn't during the pandemic so i was off

3:35

for about two years and then i go skiing

3:36

this january here 2022

3:38

and then i'm like what the hell i can't

3:40

get down the slope without stopping two

3:43

or three times i can't get down the

3:44

double blues or even the blacks uh and

3:47

without stopping uh like

3:49

that's because my thighs were on fire i

3:51

mean i remember going on this one black

3:53

after having skied for the day and i go

3:55

to make the turn and my thighs are like

3:58

oh oh and they basically give out and i

4:01

fall on this black and we called the

4:04

patrick starfish of course it was under

4:07

uh this the chair lift so everybody on

4:09

the chairlift saw me but i'm going

4:12

spinning down and i'm like oh i'm gonna

4:14

stop eventually and i'm like no i'm

4:16

speeding up going right for the trees

4:19

it's terrible anyway what happened was i

4:21

realized oh my gosh i weighed before the

4:24

pandemic and i think this is underweight

4:26

but i weighed

4:27

pounds it's like okay go to the gym and

4:29

add some muscle like i get it right uh

4:31

it but but when i went skiing i weighed

4:33

about

4:34

180 pounds and i'm like

4:37

oh that's a 43 pound difference that's

4:40

like covet 20 times two and then some

4:43

hamburgers like

4:45

whoa okay so i got destroyed and i've

4:49

really been focusing the last like three

4:51

to four months on actually incorporating

4:53

running into my life again and now i've

4:56

added a gym in the garage again it's

4:57

really cool maybe we'll do a tour one

4:59

day if you all want to see it but i

5:02

gotta lose weight add muscle it's a goal

5:05

uh not necessarily doing the fitness

5:07

challenge but but definitely

5:09

focusing on fitness again and uh i

5:12

wanted to apologize for the flip flop

5:13

and mention my new inspiration

5:16

january was pretty bad okay a lot of bad

5:18

realizations happened in january which

5:20

brings me to of course my third uh

5:22

apology and this is like

5:24

i i wish i had a solution for this but i

5:27

i'm gonna give you the solutions that

5:28

i'm working on for this but i don't have

5:30

a perfect solution for this so let me

5:32

give you an example

5:33

in march of 2020 i bought peloton for

5:35

like 29 bucks i didn't get the low of

5:37

like 19 bucks then and i thought i was

5:38

making a good move buying it at like 29

5:41

bucks all the way up to about 80 bucks

5:43

uh and uh unfortunately even though i

5:46

made videos being bullish on peloton i

5:49

sold all of my peloton in july on july

5:52

19 2021 i sold all of my peloton this is

5:54

a discord alert right here for the

5:56

stocks and sykes course members sold

5:58

alert just closed all peloton shares and

6:00

options green today and see web traffic

6:02

chat more in morning live and in that

6:04

morning live stream i explained look

6:06

orders are going down prices are going

6:08

down web traffic's going down uh like

6:10

this this is very dangerous and is a

6:13

very bad catalyst i have to get out of

6:14

this the fundamentals are changing i'm

6:16

getting out the problem with that though

6:18

is if you weren't a course member you

6:20

wouldn't have known that now i did in

6:22

live streams like market open and closed

6:24

live streams later say oh by the way i'm

6:26

out of piton but unless you caught those

6:28

mentions if you just watched the

6:30

original video you weren't a course

6:31

member and you didn't catch those

6:32

mentions and lives you wouldn't have

6:33

known that i'm like warning warning

6:35

fundamentals changed

6:36

and uh

6:37

that made me realize like wait a minute

6:39

there's got to be a way because you know

6:41

you go to you got a weeble right now the

6:43

thing's sitting at like 11 right that's

6:45

crazy and july 19th was over here at

6:49

what is this 113 bucks something like

6:51

that so i got out around 1213 bucks and

6:54

then this is what came and i'm like well

6:56

damn like i wish there was a way

6:59

that

7:00

i could take control of people's money

7:03

who wanted me to and

7:05

make sure that doesn't happen or at

7:07

least try to prevent that right because

7:09

that way if i sell you would sell and so

7:11

here's what i realized so far and i what

7:13

i apologize for is not having the answer

7:16

yet on this like exactly what to do but

7:19

there are really two main things well

7:20

there are three things you could do you

7:21

could be a registered investment advisor

7:24

and literally take control of people's

7:25

brokerages i'm not interested in doing

7:28

that you could have a a hedge fund which

7:31

is very interesting because with a hedge

7:32

fund you can take investments from

7:34

people you can uh trade options and

7:37

derivatives but then you're a hedgy

7:39

right

7:40

which maybe that's not necessarily a bad

7:42

thing but i don't know how desirable

7:44

that is because hedge funds also have

7:45

high fees usually anywhere between one

7:47

to two percent and there may be

7:48

performance fees on top of that although

7:50

those are against the ruling against the

7:52

law in california so you can you can't

7:54

charge that performance fee for the

7:55

california folks you can only charge

7:57

that to people in other states it's so

7:59

freaking complicated anyway uh the other

8:01

option is an etf which is cool because

8:03

it has tax advantages over a hedge fund

8:05

but etfs have big compliance headaches

8:07

where like if you're constantly making

8:08

youtube videos your youtube videos can

8:10

be considered ads for an etf and those

8:12

need to go through regulatory compliance

8:14

and if they don't

8:15

then

8:16

you could get in big big big big trouble

8:18

this is why i believe when kathy wood

8:21

for example posts a video she has it

8:23

scrubbed by her attorneys first and

8:25

that's different from being like live on

8:26

cnbc or whatever their loopholes for

8:28

that but she has compliance people scrub

8:29

it first

8:30

uh and and i think also in the past

8:32

she's had her comments off a lot because

8:34

of those compliance rules because they

8:36

don't want it to come across as like a

8:38

certain type of form or whatever i don't

8:39

really know everything it's complicated

8:41

i apologize for not having the answer

8:42

these are things i've thought of if you

8:44

have any insights let me know the

8:45

comments are on which reminds me and

8:47

brings me to the comments section okay

8:49

the comments let me tell you this

8:52

when i ran for governor in california i

8:54

had people come up to me and say kevin

8:57

you have to do something you have to

8:59

solve the spam on youtube because people

9:02

are like i've lost five to ten thousand

9:04

dollars to scammers in the comments

9:06

section thinking it was you that i was

9:07

talking to because you go over here and

9:09

there are two types of scammers one is

9:11

look at this this is just the top sorted

9:13

uh on my urgent warning to investors

9:16

video from yesterday uh i must say

9:18

you're the most iridite and smart

9:19

analyst or whatever and then they they

9:21

just basically they start talking to you

9:23

about oh contact kyle miller on telegram

9:25

or you get the other ones where uh they

9:28

just reply to everyone's comments like

9:30

these oh text me and they put your logo

9:32

and like a number or whatever these are

9:34

all scams and i could go in here and i

9:35

can hide them which i used to do for

9:37

like two hours a day hide them and it

9:40

deletes it and then they have to make a

9:42

new account the problem is they do they

9:43

just make a new account these spam bots

9:45

are so prolific like elon's worried

9:47

about spam on twitter man don't even get

9:48

me started on youtube okay

9:50

and so

9:51

i flip-flopped on this idea of like

9:53

turning them off uh it's also much more

9:56

like mentally healthy for me to have

9:57

them off so there's also that benefit

9:59

because just like i don't know some of

10:01

the comments man oh some of you don't

10:02

like bear markets damn

10:06

but anyway uh the spam is so bad i've

10:08

been flip-flopping back and forth on

10:10

this i don't really know what to do with

10:11

the comments it's so freaking spammy

10:12

like part of me is just like i just

10:14

won't look but then the spam is

10:16

absolutely absurd it's terrible and

10:18

don't ever go to a credit card video and

10:21

expect there not to be spam like those

10:22

are the worst things

10:24

okay uh then uh look the last thing is i

10:28

just want to apologize for being so

10:30

abrupt uh for my flip-flop in january in

10:33

january january 5th i made this really

10:36

detailed video about why the fed just

10:38

had the worst flip-flop ever and it was

10:39

really concerning but i was still in by

10:41

the dip mode and a lot of people like

10:42

how are you buy buy buy buy and then all

10:44

of a sudden you flip flop and the

10:46

reality is the way it is is like i had

10:49

my by the dip mode was on it's just like

10:51

i'm in by the dip mode oh no no no it's

10:53

like a robot right and then i'm

10:54

researching researching and i'm like oh

10:55

my god oh my gosh oh my gosh oh my gosh

10:57

i see it oh oh wait a minute oh this is

10:59

bad this is about oh oh i see what's

11:01

going to happen now and i mapped out

11:03

like oh robinhood's going to go to nine

11:05

dollars matterport's going to go under

11:06

seven dollars and it did like all these

11:08

things happen uh you know the federal

11:09

reserve was probably going to push us

11:11

into a technical recession because it

11:12

didn't take much more

11:14

than a few dollars of less spending

11:15

compared to last year to be in a

11:16

technical recession like these are all

11:18

the things we mapped out in january and

11:19

i'm like we're probably going to go down

11:20

another 20 and we did we went down

11:22

another 23 on the nasdaq a lot more on

11:24

some of the individual stocks where i'm

11:26

like you can't be in these i also said

11:28

that i think small caps would rally back

11:30

big once we get to the bottom and we go

11:32

risk on again

11:33

uh which you started seeing that i mean

11:35

even like a loser stock like tattoo chef

11:37

was up 12 on friday right that was the

11:39

small cap thing like those things all

11:41

came true but i was really abrupt with

11:43

this i apologize with this because it's

11:45

like i was in buy mode and then all of a

11:47

sudden i flip-flop like how does it feel

11:49

like how do you buy one day and then

11:51

flip the next it's just because

11:53

all of the research finally like i drew

11:55

the string between all of it and i'm

11:57

like

11:58

this is what's going to happen now i

11:59

ended up being right i didn't perfectly

12:02

time getting back in the market i'm back

12:04

in the market right i'm 96 in the market

12:06

i didn't perfectly time it i think i did

12:08

a decent job i could have done better

12:10

absolutely but i i just wanted to

12:12

apologize

12:14

for being abrupt so there you have it

12:16

okay you've got uh apologies for i think

12:18

everything i need to apologize for if

12:20

you think there's something i haven't

12:21

apologized for yet let me know in the

12:23

comments down below but i think we've

12:24

done good live streams fitness

12:27

uh

12:28

the way i i buy and sell uh and uh the

12:32

january flip flop and then also the

12:34

commons flip flop i guess that's five

12:35

flip flops instead of four anyway thank

12:36

you so much have a good day i love you

12:38

all and i'm only making this video

12:40

because i really do appreciate you and i

12:42

apologize for seeming like a madman

12:45

hopefully this adds some clarity

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