MY PORTFOLIO IS DOWN 21.76% - Stock Market Crash? (Ep. 3)

 So it is my favorite time of the month.

It is time for my monthly dividend stock portfolio update.

For those of you that have missed the first two episodes,

basically I'm building a $100,000 dividend stock portfolio

from scratch using the free brokerage known as M1 Finance.

Now, if you wanna learn more about that brokerage

and check out a free training I put together

that shows you step-by-step how to invest with them

and build a portfolio from scratch,

that is going to be linked up down in the description below.

Now, real quick, I just have to make two disclaimers here.

Number one, this video is for entertainment purposes only,

and you should do you own research

before investing in the stock market.

And number two, I am affiliated with M1 Finance,

so if you do use my link,

I may earn a small commission in the process,

but I do appreciate your support

as it helps me put together videos just like this one.

So in the month of February, I invested $2,000

of new money into this portfolio, $500 per week.

However, I also made the decision this month

to transfer my Charles Schwab portfolio

into this M1 Finance portfolio.

So in doing so, I transferred 1,049 shares

of General Electric to this portfolio

as well as three shares of National Grid,

so those two dividend stocks are now part

of this M1 Finance portfolio.

I'll explain why I did that later on

in the portfolio update.

So overall in the month of February,

I had $2,000 of new money entering this portfolio

and I transferred $12,000 of stocks I already owned

into this portfolio,

and I have a pretty big chunk of money

I am going to be investing on Monday

as you're watching this video on Monday.

I'm recording it on Friday.

So we'll talk more about that in a second.

Beyond that, I'm also still investing $2,000 per month

into my cryptocurrency portfolio.

And yes, I've gotten an overwhelming number of requests.

I will be doing a video on that very soon.

And I also have my $2,000 per month going

into my Fundrise portfolio.

I already did an update video on that.

I will put a card in the corner

if you guys wanna learn more about that

crowdfunded real estate investment.

But that being said, let's get to it, guys.

Let's jump into my M1 Finance portfolio.

The market is bleeding right now.

It's massively in the red.

We are in correction territory.

Are we heading to crash territory?

Let's talk about that right now.

All right, guys, so here we are inside

of my M1 Finance portfolio.

And as you can see, there is a significant amount

of money that has been added to this portfolio.

And that is because, as I mentioned,

I transferred my shares of General Electric

and National Grid to this portfolio

from my Charles Schwab account.

And I had pretty much planned on doing this,

but I was just waiting until after tax season

just for simplicity.

And so basically what I did is I just went

through the transfer process,

and it's honestly extremely easy

if you guys are looking to do this with M1 Finance as well.

They have a roll over concierge team

which helps out with rolling over 401ks,

or transferring brokerage accounts.

So all you have to do is email them

a copy of your statement and then make sure

each of the shares you are looking to transfer in

are within your portfolio.

But as we can see here,

it's been a pretty nasty week in my portfolio.

I'm recording this here on Friday

and it's been, I believe the worst week

since the housing crash of 2008, 2009.

So it's been a pretty nasty week here,

and if people are new to the stock market,

they may be wondering, what the heck is going on,

what should they be doing?

And so obviously, guys, I can't tell you what to do,

but I will be telling you what I am doing.

And the big thing is,

in addition to the $500 I invest per week,

I'm adding an additional $5,000 to this portfolio on Monday

because, in my opinion, I believe these stocks are

at rock-bottom bargain prices right now.

We're looking at stocks like Apple and Microsoft,

20% off right now.

And so that's basically what I'm doing.

I have $5,000 that is going to be going

into this portfolio on Monday.

Now, before I get into the allocations

because they've changed a little bit,

let's jump over to my holdings tab and I'll show you guys

what my portfolio looks right now in terms of my return.

All right, so overall my portfolio is down 21.76%,

or $5,141.51.

Now, personally, I do not care because I'm not worried

about this portfolio in the short-term.

This is a portfolio I'm building

for five to 10 years out.

And if you do look at this portfolio,

I am quite a bit overweight in General Electric right now

because I transferred that in.

So when we go back to the main page,

we'll talk about that more,

but that is skewing my results here a little bit.

If you look at the stocks that I've bought

in this portfolio, obviously 3M is the biggest loser

right now, down 15%.

Walgreens is just about right there as well,

down 14.64%, IBM down about 6%,

National Grid, those shares were transferred in,

down 5%, Apple is down 10%, and Microsoft is down 4.48%.

Now, you may notice as well that I no longer have Amazon

or VOO in this portfolio.

And last episode I talked to you guys about this.

I said what do you think?

Should I leave this in my portfolio, should I take it out?

And I ultimately decided to sell those

because they weren't dividend payers.

VOO does pay a dividend,

but I don't really want this to be an index fund portfolio,

I want this to be an individual stock portfolio,

so I decided to sell my micro positions in those shares.

And if I jump over to the activity tab,

I'll show you exactly what happened here with that.

So basically on February 5th of this month,

I sold my shares of VOO and Amazon

for a total of $146.24.

And then that money was invested across 3M,

Microsoft and Apple.

So those are no longer in my portfolio.

Now, right now, as I'm sure you guys can see,

I am quite a bit overweight in industrials

between 3M and General Electric.

And that is largely because I transferred that stock

into this portfolio.

So my target allocation long term for GE

is just 13% of this portfolio.

And right now it is 59.7.

Then we look at 3M.

My target is 13.

We're actually about where we wanna be with that.

But right now, looking at this, I have 72% of my portfolio

involved in industrials.

So this is not a well-diversified portfolio right now.

But when you're transferring stocks in

you kinda just have to bite the bullet

and understand that over time as you add more money

to this portfolio, it is going to become more balanced.

I'm underweight in Walgreens stock,

underweight in IBM stock, underweight in National Grid,

and I'm also underweight in Microsoft and Apple.

Now I did change these allocations, actually, this morning

because I was thinking about,

"Okay, when this $5,000 hits my portfolio Monday,

"what stock do I want it flowing into?"

And I do like Apple and Microsoft.

I just didn't like the fact that they were trading

at all-time highs.

But now, both of these stocks are at about 20% off,

so I bumped 'em up in my portfolio to 5% and 5%.

So now, 10% of my portfolio long-term

is going to be devoted to technology.

And these are large blue-chip stocks that do pay dividends.

So obviously, guys, my portfolio is down

quite a bit right now, but this is what happens,

number one, when you hold individual stocks,

and number two, when you start a portfolio

in the late stages of a bull market.

But to be honest with you guys,

at a certain point you just have

to decide that you're going to jump in and begin investing.

I would say if I were to put my risk tolerance

on a scale of one to 10,

one being totally risk-averse

and 10 being high risk tolerance,

I'm probably about an eight.

And you have to be when you own a business

and when you're kind of an entrepreneur

rather than someone in a nine to five job.

So my risk tolerance is very high.

So that is why I don't even care

that my portfolio is down 20%.

I see I'm down 20%, and in my mind I go,

"Let me buy more."

I wanna add five grand to this portfolio

and ramp up my investments to take advantage of these sales.

Now, could this go lower?

Absolutely.

It's entirely possible that we'll see coronavirus spreading

throughout the US and we could see a full-blown crash.

Right now, we are in correction territory,

down about 12% looking at the S&P 500.

And for those who are not familiar,

a correction is considered a 10% drop

and then a crash is 20% or more.

So it could go lower.

But if it does, I will just continue

adding more money to this portfolio.

The only thing I would not do right now

is lump sum investing.

So let's say, for example, you had $5,000 you wanted

to invest and that was all you had.

I would definitely not just dump that money

all at once into your portfolio.

You would wanna follow that strategy

of dollar cost averaging.

Because as you guys can see,

my starting positions in these stocks were quite high

based on where the market has gone.

But now, because I am regularly contributing

more money to this portfolio,

I am able to average down and lower my cost basis over time.

If you dump all of your money into the market at once,

you eliminate that ability to average down,

and you're pretty much stuck with what you got there.

And that's exactly what happened with General Electric.

I bought this stock back in 2017

and I made two big purchases.

I lump sum invested, I think it was, like,

7,000 and then 6,000, something like that.

But by doing that, I eliminated my potential

to average down, and that is why I am down massively

in this position because of the fact

that I didn't dollar cost average,

I just dumped all my money in at once.

So I personally am not concerned about this portfolio

being down right now.

I am not losing sleep over it.

But if you are a beginner

and this is your first time investing,

it could be concerning if you see this,

and that is understandable.

But you have to remember that this is the time

when people really make money in the stock market

is by buying low and selling high.

Now, am I saying that we are low right now?

I don't know for sure.

It could obviously continue falling,

but by following that dollar cost averaging strategy,

I probably sound like a broken record player right now,

but that is a little bit of added insurance

in case we are not, in fact, at a low

and it still has more room to fall.

And the other thing I wanna mention real quick

before we break down the individual stocks

is that I have the advantage with this portfolio

of being able to be paid in two different ways.

Number one, obviously asset appreciation,

which is when a stock price goes up.

And obviously in a time like this,

I'm not expecting stocks to go up overnight,

and I may not have any asset appreciation here

as far as gains for quite some time.

But even if we are in a bear market,

I still am going to earn money

from the dividends in my portfolio.

So by being a dividend investor,

you have the potential to make money

from asset appreciation as well as those dividends.

And if we actually look at my portfolio here,

once it is correctly allocated,

because right now it's overweight in General Electric,

it is going to pay about a 3.4% dividend yield,

which means I will be making that money no matter what.

Now, could these companies cut their dividends?

It's possible.

But many of these stocks in my portfolio

are dividend aristocrats that have been growing

and paying dividends for 20, 30, 40 years.

So that, in my opinion, is highly unlikely based

on the current circumstances.

The other advantage I have here is as stock prices fall,

the dividend yield goes up as I add more money

to this portfolio.

And this just means I'm getting more bang for my buck

and earning a higher dividend yield

on some of these blue-chip stocks.

The only time when I really start to get concerned

about stocks in my portfolio is when they are deviating

from the overall market.

And pretty much every stock I own right now

is doing exactly what the market is.

It's falling.

So for example, if the market was voring ahead

and my stocks were falling,

that, to me, would be an indicator they,

hey, you know what?

There might be something going on here

and something I need to look into.

But based on all of these stocks I own,

I believe they are just being caught up

in a broad market correction.

But now we're gonna do a small deep dive on each one here.

That's kind of an oxymoron statement.

I know some people say these videos are too long,

but I do a lot of research for them,

and I really like staying informed with my investments.

So we're gonna try to cut it down a little bit shorter,

looking at each of these stocks,

starting with the new additions to this portfolio,

which are General Electric and National Grid.

All right, guys, so here's the deal with General Electric.

It makes up about $11,000 of my portfolio,

the lion's share of my portfolio.

And I have a cost basis of $14.15,

so my total cost on these shares was $15,000.

Now, if we actually click at the stock,

I wanna show you guys what this stock has been doing

over the last couple of years.

I bought this stock in 2017,

when I was seeing the stock do this.

I saw it dropping, and dropping,

and I was saying, wow, this stock is getting cheap.

But it was a classic falling knife or value trap,

whatever you wanna call it.

And this is an issue you run into

when you see a blue-chip stock falling

it may appear to be a value, but oftentimes

these stocks have a lot longer to fall.

If we open this up to the five-year chart,

you guys will see what happened.

This is a $30 stock all day

and then it went down to as low as $6 per share

somewhere around here in 2018.

So obviously, guys, hindsight is 20/20.

Had I, number one, waited a little bit longer,

or number two, dollar cost averaged,

I would be up quite a bit right now.

But I didn't.

And so this has been a tremendous learning experience here

for me when it comes to investing.

Now, that being said,

I was actually pretty close to my cost basis

earlier this year in February.

Earlier this month I was close to my cost basis.

My cost basis is about 14 and it was at 13.15.

And I was thinking, wow, I'm a position where if I want to

I could just sell this stock once it hits break even

and invest it across my portfolio.

However, there is a new CEO in charge of this company

and I do think the CEO is the right move

for them going forward.

So I actually like this stock now

for a more longer-term hold.

And I wanna hold onto it until it's at least $20 per share.

So my plan is, once this stock hits $20 per share,

that is when I will re-evaluate.

If they ramp up their dividend

and they pay a higher dividend,

I may consider keeping it.

If not, I will probably just sell it,

take my capital gain, and invest it

across my portfolio, because this really isn't

a great dividend pick right now

because one of the drastic moves the CEO had to make

is cutting that dividend down to one penny per share,

so they currently pay just a 0.39% dividend yield,

which for a dividend portfolio,

that's just not great.

So this analyst here has a couple of questions

about their 10-K filing with the SEC after Monday's close.

He said, "The head count is basically unchanged

"from 2018 which raises questions about

"how the cost structure is supposed to improve."

They're actually down about 100,000 people right now,

but that has largely been due

to them divesting certain businesses

and selling them off.

So I think what he's getting at here is that

even though we've seen these businesses sold off,

the head count at General Electric

for the businesses they have kept

has not changed very much,

and obviously, General Electric became too big

and too complicated and cutting off employees

that are not needed is definitely essential

to their operation.

He also said, "The results indicate that

"the $1.4 billion headwind from the issues

"with Boeing's 737 Max wasn't the entire story

"for GE's aviation business after all,

"and that the entire free-cash-flow beat for 2019

"was a result of re-structure in what he calls

"'unsustainable progress payment benefits.'"

So he's kind of saying that although there was

some good news surrounding GE and their free-cash-flow,

he's claiming it was a result

of these one-time cost-cutting efforts and re-structuring,

which obviously would not continue long-term.

So is this a huge deal?

Personally, I'm not concerned about this.

I think Larry Culp is the man for the job

and he's gonna continue to do good things for GE,

but obviously this did scare some investors

and that may have resulted in General Electric

having a little bit more of a downtrend

than the overall market.

Okay, next up, let's talk about National Grid stock here,

which is actually traded under an ADR

or American Depositary Receipt.

And that is because this is a United Kingdom-based company

and it's a power utility.

And it also was my former employer, oddly enough.

I worked for this utility company

for about 2 1/2 years.

And in my opinion, it's a really great boring stock to own,

and especially during times of uncertainty in the market,

boring is good.

So the reason why I have chosen National Grid stock

over Southern Company or one of these other utility stocks

is because the dividend yield for National Grid

is actually quite a bit higher than other utility stocks.

There is reason behind this,

which I will explain in a minute,

but I am personally comfortable with that risk involved

and associated with the stock.

So if we take a look at this stock here

over the last five years, it basically does nothing.

And that's what I like.

It's a very boring investment.

In 2015 it traded around $72 per share.

And then it did have a bit of a downtrend here,

as most of the utility stocks did,

going into 2018 and 2019,

falling to around even $48 per share.

We've began to see a bit of a rally here

with these utility stocks.

So it's climbed from that $50 range up to $63 per share,

but as you will see right here,

this is a pretty good dividend payer here

with a current dividend yield of 4.88%.

If we compare that to other utility stocks out there,

like Southern Company, for example,

they have just a 4.08% dividend yield,

so you're getting a significantly higher yield

on National Grid than you are of Southern Company.

Now, there's a number of reasons

why people like buying utility stocks.

Number one, the main reason is that

no matter what's going on,

you need power, and you need electricity,

and your natural gas.

And in most cases, guys, I've seen this first hand.

I used to be a past-due bill collector for National Grid.

People will literally pay the National Grid bill

before they pay rent.

Because if you don't pay rent,

the eviction process takes a couple of months.

If you don't pay National Grid,

they could be out there within three days

to shut off your power or your gas.

So this is, in most cases, the very first bill

people will pay during a bad time,

because they know that they will have a longer time

before their mortgage company forecloses their house,

or their landlord evicts them.

Now as far as this stock goes,

they are predominantly operating in the United Kingdom,

however they also have operations here

in the United States in the northeast.

It used to be about a 70/30% split there

with 70% of operations in the UK,

but I know they are expanding operations here in the US,

so it's also a great stock

because you have not only diversification

throughout states in the northeast,

but you also have diversification globally

and it's a regulated utility.

And you really can't beat that in terms

of a boring, safe investment because these utilities

have a monopoly.

You don't have a choice between different utilities

here in the northeast and in the UK,

so as a result, the government regulates

how much money these utility companies can make,

which result in these being very safe

and consistent dividend investments.

And one thing I really like about National Grid

is that they are not involved in the energy supply business,

they are just involved in the distribution.

Years ago, this company was called Niagara Mohawk,

NIMO for short if you lived in the northeast,

and they used to be involved in both the supply business

as well as the distribution business.

So not only did they supply the lines

and supply the gas for distribution of gas and electricity,

they were also involved in electric generation plants

as well as gas transmission plants.

And as I'm sure you guys know,

the prices on commodities change all the time.

And that is just not a business

I would personally want to be investing in

or involved with.

So they ended up selling off that part of their business,

and now they are solely involved

in the distribution side of the business,

which is maintaining the power lines

and maintaining the gas lines,

and they let other people supply the gas and electricity.

So in my opinion, that just makes us

a much safer and much more boring

and predictable investment.

Now that being said, there is a risk factor that plays

into this stock that you don't have with other ones

like Southern Company or US-based utility companies,

and that is the fact that the United Kingdom is looking

at nationalizing the power utilities by the labor party.

So essentially this group is looking

to be elected, and if the opposition labor party is,

in fact, elected in he next general election,

they want to nationalize the power utilities.

And this right here summarizes the gist of this risk here.

"The measures would put the companies

"that transmit power and own cables linking with markets

"in the European Union under the authority

"of ministers in London.

"Labor leader Jeremy Corbyn would make the priority

"to reduce fossil fuel emissions

"and ensure heat and electricity flow

"to consumers at low prices."

Essentially they wanna cut down

on the profitability of the power utilities

in the European Union.

So obviously, National Grid predominately serving

the United Kingdom, there's a risk factor here

at play because if this labor party is elected,

well, then, they could, in fact do this

and lower the profitability of National Grid,

which could hurt them in terms of how much they are able

to pay out in dividends to shareholders,

et cetera, et cetera.

However, if this does happen,

I would assume they're just going to try

to expand the business here in the United States

where they have a more open say

in how much money they are able to charge.

Now, the PSC or the Public Service Commission

does regulate them and tell them how much

they can charge customers for the delivery

of the gas and electricity,

but every so often they go ahead

and they go in front of the PSC

and they request a rate increase.

And overall, from what I can tell here,

they've been able to get those rate increases

every couple of years.

So even though they are a regulated monopoly here

in the northeast, they still have the ability

to increase that weight over time,

allowing them to have a healthy profit margin.

Okay, very briefly, let's cover the other stocks

in my portfolio.

Since we've already covered them in other episodes,

feel free to go back and check those out,

but we're just gonna do some general pointers

on what has changed here.

We had an analyst upgrade 3M stock

from a hold to a buy with a price target of 205 per share.

Right now, my average price per share is about 175.

So that's a pretty good implied upside in this stock

if they are, in fact, heading to 205 per share.

We also know that 3M has ramped up production

of medical masks across three continents,

but no matter what they do,

they are not able to keep up with the demand at all.

And what we're seeing on Amazon is gouging customers.

So individual Amazon sellers are taking these 3M masks

and listing them for sale anywhere

from three to five times the MSRP,

and that is not legal.

But what Amazon is doing is they're attempting

to identify these sellers and taking them

off their platform.

So 3M, in theory here, despite the fact

that they're having issues

with the cyclical industries they serve,

they should really have a lot of profits this quarter,

based on the sales of these medical masks.

So here we have an example of the price gouging

that's going on right now,

and it's honestly absurd.

Here we have a five-pack of the 3M N95 masks

selling for $175.

So guys, this is called price gouging.

It is not legal, and Amazon is doing what they can

to get this off their site.

And even then, the arrival date for these

is March 5th to March 10th,

so they are having major issues with supply

of these medical masks, and people are trying

to gouge and make a profit here

by marking up these prices astronomically.

3M does not benefit from this price gouging

because they're still selling them

at their manufacturer-suggested retail prices,

but because they are making so many of them,

it is going to benefit them

as far as their profits this quarter

because it is obviously more medical masks being sold

than anticipated because nobody knew

that the coronavirus was going to happen

the way that it did.

So it was nice to see that analyst upgrade.

This is a dividend aristocrat

that has been increasing dividends for 62 years.

No concerns here with 3M.

I hope it stays cheap for awhile

so I can buy more shares.

But as I said right now, between GE and 3M,

I am pretty overweight in industrials.

Okay, so now we'll talk about Apple briefly here.

And this is a very small component of my portfolio

because I had it set at just 1% of my allocations.

This is a stock I've owned in the past.

I've done very well with it.

I've sold it in the past, obviously,

to make some money from it.

But now that we're seeing Apple stock going on sale,

I've decided to ramp up my allocation from 1% to 5%.

So right now, this is a microscopic allocation here.

I own just 0.5 shares at a cost of 147.48,

but coming Monday when that 5,000 is moved

into my portfolio, a lot of that money will flow

into Apple stock because I am so underweight in it

based on my allocations.

And the issue here with Apple is simply the fact

that they're having supply chain problems here with China.

After the Chinese New Year,

the supply has not been ramped up as quickly as possible

because of the coronavirus.

And so as a result, people want to buy iPhone 11s,

but they just can't find them.

My girlfriend actually works for Verizon

and she sells phones, and she was telling me that

people are going all over the place,

they can't get their hands on an iPhone 11

no matter where they are looking.

So the good news is here that these issues

that Apple is facing are not related

to people not liking the product,

people not wanting the product.

They want iPhone 11s, they just can't find them anywhere

because of the coronavirus disrupting the supply chain.

And we're gonna talk about Microsoft in a second here,

but that is the exact same reason why Microsoft stock

is down as well.

But one good point that the Motley Fool made here is

that this could actually build up some pent-up demand here

for the iPhone 12 that is going to be released this fall,

which is going to be their first 5G phone.

So if people are unable to get the iPhone 11,

they still are going to have that desire

or appetite for a new phone,

and that just may result in more sales of the iPhone 12,

which will probably be a more profitable product for them.

But anyways, that's an interesting point here,

that this is kind of like a pressure cooker,

and it could build up demand for the newer iPhone,

rather than having people trying

to buy the iPhone 11 right now.

Same exact story here from Microsoft, guys.

We're just gonna cover this one briefly.

I also bumped this up to 5% of my portfolio.

I own very little Microsoft right now.

About $150 worth.

Microsoft came out as well and said their sales forecast

will have to be lower for the current quarter based

on supply chain distribution issues

linked to the coronavirus.

Again, same story here.

People want to buy Microsoft products.

They can't get their hands on them

because they are not coming out fast enough

from the Chinese factories.

We talked about Walgreens Boots Alliance quite a bit

in last month's update,

so I really have no news to share here.

Nothing really happened with Walgreens,

no downgrades, no upgrades.

They are just caught up in the broad market sell off,

so they are down just about the same amount

as the overall Dow Jones Industrial average

and the broad market.

And then finally, we have IBM here,

which is the stock item down the least in

because there was some pretty good news that came out

for this company late January.

It was just after I uploaded my video.

There was a new CEO put in charge of the company.

We'll open up the article in a second.

But this just reaffirms their focus on cloud computing,

which is obviously going to be a huge business

for them going forward.

So let me look at my holdings real quick here.

I believe I'm only down, let's see here,

IBM, yeah, I'm down 5.93%,

whereas the stocks I was buying in the same time frame,

I'm down 15%.

And that's because there was that good news

surrounding the new CEO,

so I'm really not down that much with IBM.

And so this is a stock I'm actually glad got cheap again

because I wanna buy more.

I only have $2,200 worth of this stock

and I wanna get more when it's cheap

because I really love where this company is going long-term

with their focus on cloud computing.

And here we have that headline right here.

"IBM stock rallies as Krisha to succeed Rometty as CEO."

And this paragraph sums it up pretty well right here.

It says, "Arvind is the right CEO

"for the next era of IBM, Rometty said in this statement.

"He is a brilliant technologist who has played

"a significant role in developing our key technologies

"such as artificial intelligence, cloud,

"quantum computing and blockchain.

"He is also a super operational leader,

"able to win today while building the business of tomorrow."

So this is basically, I believe this was

their former Senior Vice President of the cloud segment

that they now made CEO.

So this is phenomenal news.

I think that's a great pick here for IBM.

And I just love the direction this company is heading.

And I personally believe that this company,

years from now is going to have a valuation closer

to Microsoft than it does right now,

with a market cap under, I believe, $100 billion.

So I like where this company is heading long-term,

I hope it stays cheap for awhile,

'cause I certainly want to buy more shares.

And it looks like their market cap a $1.15 billion dollars.

But if you compare that to Microsoft,

Microsoft is a massive cloud computing company

and they're worth 10 times what IBM is worth right now.

Obviously Microsoft is a totally different company,

but it is possible for IBM's valuation

to increase significantly over the coming years

as they dive deeper into these emerging technologies.

So anyways, guys, that is my portfolio update.

If you stuck around to the very end,

leave me a comment down below.

I'm always curious how many people watch the entire video.

And I certainly appreciate you for doing that.

A fair amount of research goes into these videos

so it really is great when people watch the whole thing

and stick around 'til the end.

And I try to make them as informative

and quick as possible, even though I am packing in

quite a bit of information here.

The last thing I wanna say here is that money

in the stock market is made from buying low

and selling high.

And if you're somebody who liked Apple stock

at $325 per share, why wouldn't you like it at $275?

So this is a real test of people's patience

and control of their emotions when a company's stock

that they own goes down,

this shows you whether or now you really like this company,

you wanna stick by it long-term,

or were you just getting caught up

in the hype of Tesla or Apple

and now you're saying, I don't know why I own this stock,

I wanna sell.

And this is where people make that mistake

of selling and recognizing that loss.

And you also have to remember,

you don't lose any money until you sell.

While my portfolio is down about $3,000,

I have not lost $3,000.

I've lost $0.

If I sold everything right now, now I've lost $3,000.

So keep that in mind, guys.

It'll be interesting to see how this plays out next week.

And we'll see where the markets head,

and I will update you guys next month.

And I have a big surprise coming next month

I'm excited to let you know about.

Like I said, that free training

for M1 Finance is down in the description below.

I'll show you guys step-by-step how

to build an M1 Finance portfolio.

And there's also a link to sign up for M1 yourself

if you wanna support me with my affiliate link

for putting this video together.

But thanks so much for watching, guys.

I will see you in the next episode.