Why I'm Flip Flopping Again.

you know i always thought it would be

cool to be a clown because i think i'm

quite funny and especially as a kid i

told everyone i wanted to be a comedian

and everyone laughed at me now no one's

laughing at me anymore but i wanted to

make this video because the truth is i

did paper hand and i'll explain in this

video exactly why i'm a flip-flopping

paper-handed weenie baby bear clown but

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kevin for xero fees so why did i paper

hand well i paper-handed because j-pal

scared the out of me and i

paper-handed i didn't get margin called

i have about four million dollars in

taxable stock gains from 2021 and having

just sold have another about four

million in taxable stockings in 2022

already and hopefully a lot more to come

now my portfolio did lose a chunk of

value measuring from the third week of

november to well now but honestly if you

measured from the beginning of october

to now it's

not that vastly different those three

weeks in november were pretty wild and

honestly it was more like a little bump

in the road that of course everybody

wishes they could have sold at the top

at but you can't be perfect and time the

market all the time

but honestly like i said three weeks

earlier my portfolio wasn't far off with

the exception of a firm well

for that one that probably needs a video

of its own but at this point i'm

preserving capital because i really

believe the fed is going to rake us over

the coals they're going to ream us so

hard and i don't want to get dreamed now

even though i flip-flopped because of

j-pal particularly the fomc minutes that

came out on january 5th which scared the

crap out of me in fact i covered it live

and i panicked live in that video i

think i had like a 50-minute breakdown

like not like a breakdown of the minutes

even though it was a breakdown of the

minutes but like also like a physical

and mental breakdown it was uh 54

minutes long and it's titled the fed

just crashed stocks the worst report yet

in case you want to watch it

that that

like putting the pieces of the puzzle

back together that's what set me off but

the problem is i didn't do anything with

my portfolio because i've been so damn

programmed to just buy the dip all the

time

by the dip like i became the meme of by

the dip and literally been buying the

dip for the last 12 years in both stocks

and real estate like that's that's just

what i do and it quite honestly it took

16 days to fully realize what the f was

about to happen now i realized obviously

i could be wrong going forward and i

don't recommend anybody trying to try to

time the market even though i believe we

could be in for a big cyclical rotation

where we go from the top of a cycle to

the bottom of a cycle and i just want to

move from the top half to the bottom

half in cash uh i vapor ended like a

little weeny because well quite

frankly i think shit's gonna hit the fan

much worse so right now i'm 95 cash 4.99

gold

[Laughter]

and like 0.1 percent some other stuff i

do still have stocks and i do still hold

amc and again i didn't get margin called

i do still have 24 million dollars in

real estate though but that's also a

topic for a different video and that's

in addition to that percentage i just

talked about which is about another 20

mil so anyway uh it's worth talking

about flip-flopping so after i tried to

uh well basically gamble on the federal

reserve meeting which was literally

going full

and i mean this in like the wall street

bets terminology full betting on

short term options on small caps like

literally stupid i literally wrote in my

alerts

in my stocks in psychology and money

group do not do this i am going full

like i literally wrote that that

i'm going hard on on this bet it was a

total freaking gamble uh and i lost more

money uh betting on these short term

options which is very stupid and i knew

that going in but i didn't listen to

myself so it's kind of like i do as i

say not as i do thing now i don't think

there's an excuse for that kind of

behavior because i'm supposed to be an

example but at least i acknowledged it

when it happened uh and i do think the

reason for that like if there's any

justification was honestly because i was

a bit shell-shocked because i really

like it's so weird to go from 12 years

of by the dip to flip to now being a

bear and everybody hating you because

nobody likes bears but anyway uh you

know

and again i i don't think that uh you

know you know by the dip is over or

whatever for me it is okay like i just

can't buy the dip right now not now i

will buy the dip when the fed u-turns

which right now they're you turning

against us not towards us i want a

u-turn towards us that's when i buy the

dip but what i do want to do is oh my

gosh there's an earthquake happening

right now

oh that was so cool

oh my gosh that's like one of the first

earthquakes that i think i've ever felt

in california that was

amazing that was really cool okay but

anyway

well

i hope there's not another one but

anyway so uh let's let me talk about

flip-flopping so

uh i decided that i am a flip-flopper i

i think it's actually a good good

representation so i think weenie baby

and flip-flopper and all this is

actually appropriate because really the

only thing that i haven't flipped on in

my life is lauren i wanted to start a

taxi company in 2008 in high school

because i thought it was stupid how hard

it was to call a taxi and get a ride

like i hated waiting for a car and like

i wish taxis were easier to get i really

wish i had turned that into an app in

2008 but i flip-flopped on that idea

before i could ever think about that

then i switched high schools four times

because i'm a flip-flopper then i wanted

to become a cop but i flip-flopped on

that i also flip-flopped on every guild

i was ever a part of and flipped my way

up to a top 10 guild by flip-flopping so

much in world of warcraft and then i

sold my account for 1900 in 2008 because

i flip-flopped only to flip-flop again

and played later that year even though i

was really good at other games as well

like counter-strike splinter cell halo

and runescape nowhere near as good as

world of warcraft i never really got

great at those games because i spent too

much time flip-flopping between those

four

in 2008 i decided to become a youtuber

so my first video in 2008 and this is

wild but it's true my first video in

2008

was a video that is still on youtube it

is called

heroes of talara what we know video one

it is a game review from 2008

uh but then of course i flip-flopped on

youtube and didn't really ever make any

more videos until like 2018 when it was

popular to be a youtuber

i also never wanted to be a real estate

agent and i told myself i'd only become

an agent to learn how to invest

and then i became a real estate agent so

i flip flopped on that i also

flip-flopped on college by almost

dropping out to be an agent full-time

because it was going so well and the

only reason i didn't flip-flop out of

college was because i ended up

flip-flopping into a different major

which was quite frankly easier and

allowed me to sell more real estate now

ucla had a policy against flip-flopping

majors for transfer students because

they didn't want people to like get in

under let's say like an art degree or

something and then flip-flop into like a

business degree or whatever uh but i

bitched my way through the dean's office

and well whatever offices i needed to

get through until they actually wrote a

new policy and let you down flip so as

long as you were down flipping at

college you were good

i then got my lending license while

selling real estate after becoming a

real estate agent and real estate broker

i got my lending license to do loans for

people so they had money to fix up their

homes before selling them but because

there was so much risk involved with

lending people my own money i

flip-flopped on that because it was

stupid risky i then got my contractor's

license and offered clients to fix up

their homes before we sold their homes

and while that business cost me about

one million dollars and i made a video

on youtube called how i lost a million

dollars on my business

and also lost the 15 employees the

sprinter brand the warehouse and a ton

of equipment

no i guess i wouldn't really say lost

that part because i just kind of ended

that part and sold what we could but

anyway i flip-flopped on that business

because it was a money-losing cancerous

business i don't recommend construction

for anyone

uh unless you're a briefcase contractor

and you can sub everything out

then i got my drone license to do

licensed drone photography but when i

realized that wasn't profitable i

flip-flopped on that i also did my own

actual home photography but when i

started making more money i flip-flopped

on that business as well and started

hiring other people to do it

which uh yeah basically

lots of flip-flopping but we're not done

yet see recently uh during the pandemic

i bought a house in santa barbara that i

went to a court

auction for but after one year of hell

with the city i ended up selling the

property for 150 000 profit just

recently and i did nothing to it other

than making it worse

uh that's because i flip-flopped and

didn't really want to deal with the city

of santa barbara anymore then i made a

youtube video saying i'd never sell it

courses which i definitely flip-flopped

on that i sell some amazing courses do

as i say not as i do and buy those

courses

uh but anyway then i made a youtube

video saying i would never sell

specifically a stock course which i also

then proceeded to flip-flop on then i'm

pretty sure i said i'd never take a

sponsorship in my life for a video that

i would just be my own sponsor and only

be sponsored by my courses and i

flip-flopped on that which definitely

reminds me to make sure to remind you to

go check out the link to titan in the

description down below i then bought

like stocks like peloton at thirty to

sixty dollars and then flip-flopped on

them because i saw metrics failing uh

fortunately i got out of peloton at like

113 dollars which is really good but i

definitely lost money on a firm now uh i

said not to buy new cars well i

flip-flopped on that hardcore and i

bought a lucid dream and i regret it i

always say i regret every single card

that i buy i bought a tesla model s

plaid i regret it that was stupid but

anyway do i say not as i do i'm a

flip-flopper now i said i was going to

buy a jet plane you might not know this

yet i was going to buy a jet plane for

23.5 million dollars

i don't want to talk about it okay

different video but anyway i

flip-flopped on that and lost 50 000 on

the deposit and well now i'm selling all

my because i'm a flip-flopping

weenie baby paper hander but i think the

bottom line of this is every time i

flip-flop i believe that personally i'm

making the right decision to increase

profit and success in my life and so far

being a flip-flopping weenie baby

is working out quite well so if you want

to subscribe to see where this

flip-flopping journey takes us hopefully

we can flip our way flip-flop our way to

the top and uh well subscribe to enjoy

more flip-flopping thanks so much

goodbye