*cough* everythings fine *cough*

everyone meet kevin here we didn't do a

market open a live stream today and i'm

questioning if we're going to be able to

do a market close live stream so i want

to do this update mostly because i don't

feel too great i feel kind of worse than

i have in the past few days even though

i've kind of been sniffling and having a

little bit of a sore throat and dry

cough for like a week now which is

really annoying and uh i have tested

negative twice for covin but uh yeah

anyway because you just have to get

through it so in the meantime let's do a

little bit of a recorded update here

i try to get through this without

coughing so

look first we got to talk about the

infrastructure plan some stocks are

moving up a little bit

after the hard infrastructure plan

passed for example tesla initially moved

up after the hard infrastructure plan

passed we had some euphoria around tesla

uh because of essentially the plan

passing take a look at this you nearly

saw a perfect trend up as soon as the

bill passed now that has quickly sort of

reverted here we're going right back

down to under 7 10. this is not a

surprise mostly because the

infrastructure plan passed the senate

but it's not actually going to mean

anything until the house passes it and

the house won't pick it up until the

fall the house is also probably going to

hold

the hard infrastructure package kind of

hostage until they get the soft

infrastructure package done so

infrastructure is going to be a little

bit of one of those things where the

real fight is ahead of us not behind us

and this is because even though the

infrastructure package right now hard

infrastructure trains bridges rails uh

roads 7.5 billion for chargers and so on

even though that's great and it adds 500

billion dollars roughly of new money

even though that's great the big package

is going to be in social infrastructure

social infrastructure that's where we're

potentially going to see an extension of

the child tax credit and tax increases

on people making over 400 000

specifically going to be looking at

capital gains real estate investments

those are things that could have

negative implications to the market so

infrastructure excitement i wouldn't

really let any of that enthusiasm get to

me in the market right now instead

what's more important is what's coming

up in the next two days we got cpi and

ppp

sorry ppi coming up cpi is consumer

price index ppi is the producer price

index over the next two days 5 30 in the

morning these reports will be coming out

we expect them

not to be pretty we expect them to come

in high we expect the numbers to

potentially even beat expectations

because we're really not planning for an

inflection to the downside until

september and october and the way things

have been moving who knows if september

and october's downward inflection will

actually be there because while we might

get a downward inflection and airline

travel and use car prices especially if

delta continues to surge we might see an

equivalent increase in rental prices

wages and other aspects like services

where we already see inflation coming so

next two reports they're going to be

pretty big deals so we're going to want

to keep an eye on these then what we

also have to keep an eye on is something

that kind of bugs me to say but it's

true

is folks

diversification is the definition of

2021. i'm not a big fan of

diversification although i have

generally advocated the met kevin.com

basket pie if you type that into youtube

or sorry just your web browser you'll

see medkevin.com basket you'll see it's

a sort of a pie of multiple different

index funds and it makes it really easy

to diversify not financial advice you

know you don't have to invest in that

doesn't matter but that's done very very

well and usually when folks join the

stocks and psychology of money group i

start folks out really broad and then i

narrow them down to special strategies

like i mentioned this weekend i plan on

releasing some new options lectures i

also have some new lectures coming up

for the real estate investment group

although no uh no no exact deadline yet

on when those new lectures are coming

out for the real estate group and we

talked about going from small deals to

big deals so that's gonna be fun but uh

anyway uh those courses are of course

linked down below you all know you can

get 40 off with a coupon code and you

know the price goes up over time okay so

moving on uh diversification has has

been very good in 2021 and part of it is

because right now in the bloomberg

terminal we're getting a lot of talk

about how all of these tech companies

are kicking butt and how they're blowing

out earnings but the market and market

participants potentially believe that

these companies are actually going to be

at peak prices because maybe people have

already bought their car they've already

bought the stuff they want and next

year's earnings comparisons are not

going to be anywhere near as good as

what we have now that is right now

everything is a massive beat because

last year things were slower so now

we're getting these massive insane beats

people have more money than they've had

before spending money like crazy

creating that inflation but then

potentially next year we see a reversal

so we've got a crazy market ahead of us

and i hate to say it but it does make

sense to diversify it makes sense not to

be all in on crypto it makes sense not

to be all in on tech it makes sense not

to be all in on real estate i think a

well-balanced portfolio has really a

little bit of everything now i've been

talking about rcc a lot lately right

real estate ownership crypto and cash i

still think these are three very very

important things to diversify into so if

you don't own real estate yet get into

real estate get into a house that you

can buy you can afford and you get house

hack i don't care if it's a town home or

a house get in get started 30 30-year

fixed rate mortgage doesn't matter if

the market falls ideally get a wedge

deal which we talked about in the real

estate investing course

cash we want to have cash available for

opportunities i think we're going to

have plenty of uncertainty coming up

over the next six months we just don't

know when or where it's going to come we

can't time that in the future but when

the time comes you'll hear about it from

me i'll be going all in okay then crypto

have some exposure here i like having

some exposure to crypto i personally

don't think it's something i want to be

all in on though and so this is why if i

were looking at my portfolio right now

and i were thinking how do i want to

allocate new money i'd want to be

allocating new money to those three

things real estate crypto and cash the

cash is going to end up turning into

stock so and those stocks should

probably be something relatively

diversified maybe if the market does

fall under some uncertainty we go into a

balance of recovery stocks tax stocks

and maybe some uh industrial stocks who

knows some kind of nice of balance

whatever we can figure that out when the

time comes

but that way we're looking at the money

we have right now and trying to allocate

it to three different places again real

estate investments crypto and cash and

we're not going over on any one of these

three things it's really a big belief i

have right now crypto many of you know

it's only about three to four percent of

my portfolio right now i do plan on

increasing that i don't know that at any

point i'll increase it more than eight

percent of my portfolio since right now

i'm pretty much 50 50 real estate and

stocks although of course at this point

i do have a chunk of cash and crypto

available as well uh and i'm looking to

increase positions so we'll probably end

up with something that looks a lot more

like uh 40 real estate 40 stocks and

then 20 cash and crypto maybe half and

half on that so uh anyway a lot of

uncertainty coming in the market these

inflationary readings over the next

couple days are going to be really

fascinating to pay attention to so be

prepared for those and also be prepared

uh stay away and i've mentioned this a

few times before stay away

potentially from too long of call

options leaps i don't know this isn't

really the kind of market for buying

long call options in my opinion we'll

see could obviously end up being wrong

but otherwise market overall tech

obviously sinking a little bit we do

have a crazy run on fisker and 3d

systems these are pretty incredible even

microns doing very well a little bit of

a pullback on cryptocurrencies right now

but you've got recovery stocks popping

up again yesterday they were down today

they're up again like yesterday dave and

busters and robin were down now they're

up again

kind of incredible how flip-floppy the

market is but this is kind of the

definition of a market that just sort of

vacillates and doesn't necessarily

really go anywhere you just kind of

trade sideways for a while or slightly

up and the best benefactor of a sideways

trading market or a slightly trading up

market quite frankly

index funds i hate i hate to say it i

won't go into index funds i will create

my own sorts of m1 finance pies to

diversify once we get to a little bit

more of a market where i feel ah

this is the moment to strike on picking

up some bargain deals we're not there

yet but these are my thoughts on the

market hopefully they help you out hope

i feel better soon and folks up

we'll see in the next one check out the

courses link down below thanks so much

bye

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you