i just sold.

hey everyone we Kevin here I just sold a

few million dollars in stocks and I want

to talk about why and what I sold but

I'm going to start with why because I

think the Y is extremely important folks

the stock market is Going Bonkers I

absolutely love it it's beautiful seeing

my portfolio go to the moon like every

day you all know that the vast majority

of my positions the vast majority of my

money is tied up into Tech and

Innovative stocks and they are crushing

it I'm over 50 exposed to Tesla which is

up over 50 percent in 30 days it's

insane that position is nuts I have over

12 000 shares of Tesla another two

million dollars in exposure to options

and it is ridiculous I've got an insane

amount of exposure to end phase about

1.8 million about another one and a half

million to a firm another one and a half

million uh to Etsy combined with apple

Amazon Google those are somewhere around

one and a half to actually those are

probably closer to like 2.1 million but

anyway the point is I've got lots of

exposure to stocks that overall together

have been doing extremely well in this

is all within the last 30 days because

if you look back at different parts of

the Year things weren't that great like

this isn't like oh wow look I'm like

everything's so brilliant here it's this

is the end of the year rally we've kind

of been planning on the entire year

happening and it's finally happening

that is when I throw money into Tech and

matterport or these other companies

where all of a sudden we're like wow

these companies are selling off they're

they haven't caught up with the rally

yet they haven't moved yet they're now

moving like crazy and it's very very

exciting even lemonade was up a good

chunk today and that one's been in the

crapper

but now I'm selling and I've sold uh

over the past couple weeks probably uh

somewhere in the neighborhood of three

million to four million dollars worth of

stocks and options various different

things and I go through and even crypto

and I'll go through with some of the

things that I sold but again first why

why why why well folks I believe in the

Warren Buffett quote that nobody wants

to hear when times are good remember

that quote that everybody only tells you

when the market is bad be fearful when

other people are greedy and be greedy

when other people are fearful right I

get scared when stocks are doing this I

don't like it and I don't like being on

margin during these times now don't get

me wrong I think this rally has legs I

don't think we have a lot of negative

catalysts I believe that inflation will

be transitory eventually I believe that

at some point next year we're going to

see deflation in a lot of parts of our

our consumer sector we're not going to

see it in wages and rents I think that's

still going to bump up but the drop in

prices on things like Commodities and

consumer goods is going to weigh down

the headline inflation reading it's not

going to be as scary and it's going to

take pricing power away from wage

Setters like unions in other words I

think that's also going to soften wage

pressures when other prices start going

down but that'll be closer towards the

end of next year I'm not worried about

the taper or rate increases quite

frankly I think the market has priced in

the anticipation of this Joe Biden's not

getting his tax rate increase on

corporations at least that's what it

looks like now and Joe manchin keeps

anchoring down Joe Biden's plan which

has actually been so far received as

bullish for the stock market sure we

have jobs data coming out on Friday the

taper announcement coming out this week

from the FED sure at the end of the year

in December we're gonna have to deal

with the debt ceiling again and the

budget for the government and

governments shut down all this crap

again fine but these catalysts aren't

actually that big of a deal to me and so

I think that the market could continue

to Rally in in a pretty positive way but

why am I selling that like why would you

sell if you think the Rally's going to

keep going well that's because I'd

rather secure profits what I'm in margin

and pay off my margin then sit around

like a dummy while I'm in debt that is I

have margin and things are doing very

well and I'm not using some of what the

market is gifting me because I'm not

owed it the market is gifting me that

right of course as an investor I like to

say that's what I would expect to

receive when I make when I invest that I

expect to be right you hope to be right

right you expect to be right of course

you're not always going to be right and

you take profits right and you make

money but I'm not owed that right so I'm

not going to be greedy

and uh just wait for everything to go to

the absolute Moon I'm gonna take some

profits I'm gonna pay down my margin

remember I went about four million

dollars in margin uh in October uh that

was the first week of October and the

last three weeks of September because I

bought like crazy I bought an insane

amount of stocks I had a bunch of money

sitting on the site in cash uh somewhere

around four million dollars sitting in

the side in cash four to five million

dollars in cash uh and uh then I had a

tax bill which some of that went to

margin but I also plowed a ton of money

into the stock market

which has been really really good

because the things that I was buying

like Enphase around 150. options on

Tesla at the beginning of October oh my

gosh a firm uh Etsy and face uh

matterport for goodness sakes even sofa

these things have been doing really

really really well even expi real estate

it's insane some of these stocks have

just done extremely well and performed

extremely well and so it's important for

me to see okay I don't know what's

coming I don't know what the next

negative catalyst is but I think it's

only going to take a little bit of

Shifty wind one new crazy default of a

large company in China One new weird

thing that falls over and does weird the

Market's going to get antsy again people

are going to take profits again the

Market's going to move so darn fast

we're going to end up having three four

red days in a row and all of a sudden

everything's going to be down 10 15 at

least at least the higher valuation tech

companies not necessarily the indices I

don't know that we're going to see the

indices correct more than five percent

on this here I just don't see that

happening it could uh and then I'm gonna

be like dang it why didn't I get out of

margin so I could go buy the dip right

like people keep asking me Kevin should

I buy Tesla now and personally that goes

completely against my psychology when

the stock does this I'm not going to go

get on that train so freaking late

because it always comes back down now

the question is is it going to run to

two thousand dollars first and then come

down to Seventeen hundred dollars and

then I'm gonna go ha buying the dip well

I could have bought it at 1200 right

maybe that could happen but I'm willing

to sacrifice that

that potential you know 500 gain right

there in that example right I'm willing

to sacrifice that for making sure I stay

too true to my principles and that's

when the Market's doing extremely well I

pay off that and I prepare I hoard cash

I get ready I get ready for the fight

again I get ready for fear again when

people are like you can't lose money in

stocks look retail is buying call or

they're buying calls like crazy right

now institutional investors are not as

bullish as retail right now

institutional investors might be lagging

but institutional investors are buying

puts and they're protecting their

portfolios retail investors are buying

call options like crazy they're way

outpacing institutional investors right

now with call options they're buying

calls like crazy because it's easy money

anything you bought a call in at the end

of September beginning October printing

printing printing printing people like

Kevin why am I such a good investor look

all my call options are green it's

because the Market's moving up well when

the Market's moving up that's when the

seeds of Destruction are sown and you've

got to be prepared now this is not me

trying to be Mr fun I am extremely long

on this Market I have over get this now

27 and a half million dollars invested

into stocks and crypto combined it's

insane

and I'm happy to say I am down to 1.2

million dollars in margin right now

because I've sold a good amount of stuff

at gains and I'm very very happy about

that that doesn't mean that everything's

done perfectly like I'm still holding

some bags on things like Pinterest in

fact I'm going to make a video on some

of the bags that I've had this year that

are just like they can't become unbags

but we'll talk about that in a different

video but what did I sell I sold most of

my coinbase calls I sold my charge Point

call all these profitably I sold my uh I

sold uh actually a good chunk of my expi

I still have expi I sold uh my sofa I

sold a thousand shares of Enphase a

thousand shares of a firm I've sold a

good chunk of my Tesla call options and

uh yeah now I am almost completely out

of margin I also did sell crypto well

some crypto I sold half of my Voyager

position Voyager digital position I sold

half of that today uh 380 000 of cardano

120 000 of ethereum altcoin I didn't

sell any Bitcoin did sell about 240k of

matterport did that close my D whack

short profitably and sold some puts

against Robin Hood which those did very

well as volatility fell even though the

price has been kind of like poopy big

note on crypto I do also still have

fears that even though I am investing in

companies in like private Equity as well

in cryptocurrencies uh I am uh concerned

that if inflation does inflect down

substantially in 2022 we're going to see

a potential correction cryptocurrency

prices so I am reducing my exposure a

little bit but I'm keeping an eye on

this and totally willing to trade in and

out with about a third of my crypto

portfolio just a heads up but I did sell

about a third of my crypto portfolio but

anyway

all this together here uh has been a lot

of selling and raising cash and again

the reason is I want margin at zero as

soon as margin is at zero I'm gonna be

building that war chest again more money

more money more money build the war

chest get ready build it up build it up

build it up uh I'll even refinance some

real estate because I've got uh one

property hopefully in escrow tonight two

properties that are closed cash I'll be

refinancing those those properties I'll

have that money in like January and if

we have a damp or paying time in January

or February again boom you're gonna see

me buying like crazy crazy crazy crazy

because that's what I do I'm gonna buy

the Dipper that's just the way I operate

I I love this Market I'm going to cheer

it on I want it to keep running because

obviously I'm mostly long on this Market

uh but I'm not gonna be a dum-dum and be

in debt because if you are in debt right

now you should be paying it off because

if the market crashes you're gonna be

freaking out about getting margin called

and you should be freaking out about how

good it deals you got that you could be

shopping for so the time times to

prepare or sooner rather than later

anyway thank you so very much for

watching this video if you like my

psychology consider checking out the

programs down below it's worth noting

that my courses on building your wealth

are still available with the same coupon

code that was supposed to expire

Saturday linked down below the reason

for that is one of my employees had to

go on an emergency trip to Boston and

everything got screwed and they're back

soon and we're raising the price

tomorrow so just quick little note okay

thank you so much for watching and we'll

see in the next one bye

[Music]

thank you

foreign

[Music]