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This episode is brought to you by Progressive Insurance. Do you ever find yourself playing the budgeting game? Well, with the Name youe Price Tool from Progressive, you can find options that fit your budget and potentially lower your bills.
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Try it@progressive.com Progressive Casualty Insurance Company and.
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Affiliates Price and coverage match limited by.
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State law not available in all states.
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Welcome to the Candy Valentino show, the podcast for founders, investors and entrepreneurs where we have honest conversations about what it takes to grow your business, build more wealth and create financial freedom.
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Hey guys, welcome back to another episode of the Candy Valentino Show. Thanks for tuning in with me today. I am so excited for this episode. It is really early. We just wanted to make sure that everything in this episode was super up to date. So I poured myself some iced coffee and am watching what the heck happened in aftermarket trading hours because I think this is incredibly important for you to understand this. For you, for your money, for your family. We are in unprecedented times, my friend, friends and sitting on the sidelines and not doing anything about it. You are going to come out of this period wishing that you got in. So that's what today's episode is all about. I want to talk to you about something that I get asked frequently about. It's in the news everywhere right now. I have three media interviews today. So between Fox and CBS and NBC affiliate, I will be talking about this today. It's a very timely topic which is why we are dropping it and recording it same day, which I don't typically do, but it is really important. I feel this is so, so important for you to know whether you are a retail investor just getting into investing or it's something that you're already ramping up. Let's take a look at this bitcoin push crypto in the stock market altogether. Because if we go back just a month ago to November, it was a huge month for the market, obviously Now Bitcoin saw 39% growth. The S P H hit an all time high. I've been talking to you on the show about the S P, making sure that you buy the S P. The market overall has been on fire. We had this sideways summer, right? And if you were listening to the show back in the summer, I talked about this, I talked about it in the media and what happens when that occurs. Okay, so when we've got this like sideways action, it creates tension is the best way to explain it. It's kind of like a slinky. If anyone's old enough to remember those. It's like when you take that slinky and it's all coiled up, it's really small and you expand it and you expand it, but man, when it finally opens, when it goes down the step and there's no more resistance hitting the slink, it starts to take off. That's what we're starting to see. That's exactly what happened with the $100,000 price point of Bitcoin. We knew that it was hitting this resistance point. I'm going to talk about what that means. And we also knew that the second it got past it that it was going to pump again. And that's exactly what we saw after market last night. So what exactly happens when stocks and assets in different markets and sectors hit these all time highs? What does this mean for investor psychology? How does that play into it? Because it's a real thing. And how has the Trump election played a major role in this market? And what type of momentum are we going to hope to continue to see? And where's the data in that? That's what I want to unpack today. Okay. So before I get into what to do, I always like to make sure that we share the why behind it so that you can understand this better, so that you can make informed decisions moving forward. Right. That's why knowledge isn't necessarily powerful. It's only powerful when we actually apply it. So I don't want to just tell you what to do and what you should invest in because you're not actually learning the behavior of an actual investor. I want to share what happens so that when you start to see this in the future, you know, what moves to make. Now, we talked about that tension, period, right, that that builds up. Well, what happens is stocks in general, they will hit these resistance points and it's for a variety of reasons why they hit them. Right? It's sometimes the psychology of the street, of the investors thinking that maybe financial planners or all of the really smart people are like, hey, there's no way that this can support this price because of XYZ reasons. Right? So that's one reason. It's sometimes just the psychology of those who are deploying capital in various stocks and sectors that just don't think that it's going to go to that amount or that that amount can't be supported because various reasons and sometimes that data is true. But there is something else that can't be quantified. And that is when you have this momentum like we're seeing right now, when you've got Wall street and Main street being very positive when you've got people on the street that just feel like it's a better time, that the economy is going to turn around. And in crypto, specifically when you president elect that has pro crypto policies, we can see how these things are going to start to pump the price. And although we saw for the last few weeks it kept hitting that $100,000 resistance point and coming back down the whole way down to 92,000, we could tell that the more people, whether it's companies, financial planners, individual retail investors, or governments, start investing into crypto, it pushes up that cap. This is a finite asset. So unlike stock or currencies, where obviously what devalues the dollar when the government prints more of it, what can devalue shares, when a company's market cap gets pushed up so much that they need to reestablish the way that the stocks are structured, so that is a way that it will devalue. When you have a finite amount of something like bitcoin, there is really nothing that can dilute it. And once we got past this hundred thousand dollar resistance point that it kept hitting, we know that there is now more stability in the asset and we know that there's less risk. And what's going to happen is when more and more people on the street listen to podcasts like this or other people that are investing in something, they will start to go to their financial pros and their financial planners and say, hey, you told me not to invest in bitcoin. And look at what I missed out on. I mean, just In January of 2024, it was below 40,000, and now here it is at the end of the year, over 100. And I don't like to speculate, and this is not financial advice, of course, but I always say that when we hit these resistance points now, even when it pulls back, the new lows are a higher low, if that makes sense. So if we pull back, it's 102,000 right now as of this morning in pre market trading, if it goes back down to 92, that or 95 or 98, that low is now a higher low than it's ever been. So you start to then build on this over time. This, of course, doesn't just apply to bitcoin. This applies to pretty much just stocks in general. And as that market cap continues to push up, it becomes more and more stable. And that's what we're seeing now. You know, whether it was just five years ago, bitcoin was still kind of a commodity to people. And although there. We've always said from the get go that this is a long term strategy. You want to make sure that whether you're putting 10 to 15% percent of your investments in this specific bucket, you want to make sure that you're holding this for the long term and that you're not trying to get into some day trading situation that's more like a casino. You want this to be wealth building. So like I always talk about, when you find 10 to 12 different non correlated assets, Crypto or Bitcoin Regardless what type of crypto you want to invest in, those are a part of your portfolio and should never be 100% or 50% of where you put your money. So as consumer confidence grew and more rising, interest from the street are talking about bitcoin and all of the stars are aligning if you will. That's what got us past this hundred thousand dollar resistance point. And I don't really know anyone in my industry, people that I talk to, people that are investing that feel that this is the end. I feel that everyone is super positive that with pro crypto policies in the White House, with all of this new stabilization, we're going to start to see large scale capital allocated for bitcoin and that's really going to push it up to new levels. What makes a leader? It's a tough question, but one thing's for sure, a true leader leads by example. And a true leader takes risks too. They plunge into life with determination. For those who lead by example and who approach life with a palpable passion, there's the Range Rover Sport. Each Range Rover Sport model offers a dynamic sophisticated take on sporting luxury. 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This episode is brought to you by Progressive Insurance. Fiscally responsible financial Geniuses, Monetary Magicians. These are the things people say about drivers who switch their car insurance to Progressive and save hundreds. Visit progressive.com to see if you could save Progressive Casualty Insurance Company and affiliates. Potential savings will vary. Not available in all states or situations. AI might be the Most important new computer technology ever. It's storming every industry and literally billions of dollars are being invested. So buckle up. The problem is that AI needs a lot of speed and processing power. So how do you compete without costs spiraling out of control? It's time to upgrade to the next generation of the cloud, Oracle Cloud Infrastructure, or oci. OCI is a single platform for your infrastructure, database, application and AI needs. OCI has four to eight times the bandwidth of other clouds, offers one consistent price instead of a variable, regional pricing. And of course, nobody does data better than Oracle. So now you can train your AI models at twice the speed and less than half the cost of other clouds. If you want to do more and spend less, like Uber 8x8 and Databricks Mosaic, take a free test drive of oci@oracle.com automate that's oracle.com automate oracle.com automate.
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Okay, so we talked about what caused this. Now what do you do with it? That's the most important part. You know, is it too late to get into markets that are pushed up? Whether it's Bitcoin or the S P500 at an all time high or so many other stocks like Tesla and other specifics that are now pushed up. So many people think that they've missed their chance, especially when they see these massive surges. But here's the thing. Stocks are not a short term play, they're long term investing. So it's much like a tree. When was the best time to plant a tree? If you wanted to grow an orchard or a vine? If you wanted to grow a vineyard? Well, 10, 20 years ago. But the second best time is right now. And I always use the same analogy on a house. You know, when housing prices get pushed up more and more and more people always get so nervous on buying. And so they've always asked me over the years like, oh well, candy, housing prices are so expensive. Should I really get into real estate and renting and flipping? And the question is, I always ask back to them, is how long are you going to hold this for? Buying your buy price, if you are going to flip obviously is super important. But if you are going to do a long term hold, and if you're holding something for 10, 20, 30, 40 years, or you're going to hold them until you retire and pass them down to somebody in your family or sell your portfolio, at the end, the buy price doesn't matter as much as long as the rental prices in that market support it and of course your debt service. And so Many other variables come into play, but if you're holding something long term, we know by the data that, yes, it's going to pull back. Yes, there are going to be dips, but if you're holding it long term, it doesn't matter. Let's say, for example, Bitcoin, if you bought at 88,000 or 92,000, you're getting it at 100,000 or 102,000 like it is this morning. As long as you're holding it long term, the difference of that $10,000 that you paid is not going to be anything significant down the road. So don't ever try to time the market. You always want to buy property, assets and investments when it fits for you in your life, and that should be right now. So if you are not strategically, every single month investing into a diverse portfolio, you are leaving so much money on the table. So don't be one of the people that allow their emotions to take over. When the market is surging and sitting on the sideline, you want to make sure that you just follow these three strategies. Diversify, diversify, diversify. I say it all the time. Even if stocks or Bitcoin or crypto or something is performing exceptionally well, always avoid concentrating all of your investments in one area. Balance your portfolio with different asset classes. Now, I say that, and I also say this, if there is something specific that you know more about. Like, for example, for me, for, I don't know, probably 10, 20 years, I definitely knew more and was more comfortable with real estate. It doesn't mean I wasn't into stocks and it doesn't mean that I wasn't having mutual funds and ETFs and index funds and all these things. But I knew the real estate market that I was investing in extremely well. When I moved to different markets in the country, I didn't know them as well. So when you know something exceptionally well, when you research it, when you understand it, you always want to put your money, money where you know how it's going to work. These other areas, if you have, if you know nothing about it, you want to start to spend some time understanding it. You know, I always say that there are people that know more about the P. Diddy case and what's going on and all of his victims than they do about what's going on with their own money. Rather than spending an hour on Netflix, spend an hour listening to podcasts like this, following articles, researching online, getting an E Trade account or a Robinhood account or whatever you're comfortable with and making sure that you are starting to understand this because this is the one thing that will pay dividends in your entire life. Whatever goes on in the latest drama on the news is not going to positively affect your life. So number one, diversify, diversify, diversify. Number two is consider taking partial profits. Now this is for somebody who is more seasoned at this, that already understands how to buy and sell is maybe purchasing some things on their own. But taking partial profits can be really important. If you're not doing this yet, bookmark this in your brain to do it down the road. Because if you've seen significant gains in something and you don't know that it's perhaps a long term play, like meaning 10, 20, 30, 40 years down the road, you can also consider selling a portion of that holdings to take the profits. And then you can always reinvest back into that stock or into that ETF as the opportunity comes up or as that asset goes down. And number three, make sure that you always have liquidity. Markets will inevitably correct. They'll have ebbs and flows, there'll be surges and there'll be pullbacks. But having cash on hand, making sure that you have an emergency fund, making sure that you in your business, that you have enough money saved that if something changes in your specific industry, that you can pay your bills, that is critically important. You never want to be in a position where you're over leveraged. So stay liquid. And that also gives you the ability to buy as things pull back and go down and take advantage of what we call the dips. Okay, so one of the most important things I want to leave you with right now is this. This is where the rubber meets the road. Don't just consume this information, act on it. Don't be a consumer of information, a consumer of products, a consumer of marketing, act on it. Be an investor. If you've been watching the stocks, if you've been listening to this and you've been kind of on the now is the time. Set up an account, start your small, even a fraction of a piece of Bitcoin or a fraction of a Stock or some ETFs can really just start the behavior of investing and as always, gather your data, do your research, have a plan, do your best to start investing so that you can ramp up to 15, 20% of your total income that you are investing in your future. Never make emotional decisions, they don't pay off. Make sure that every one of your moves aligns with the long term goal of your life. And if you want to know exactly what, where and what I am investing in and what I am looking at. I dropped a whole podcast episode several weeks ago on this making sure that you are keeping an eye on energy, on oil, on semiconductors, on tech, and staying away from anything that perhaps is related to retail or big Pharma or healthcare and food. Oh yeah, and financial services. I don't know if I said that, but that's another great one as well that we have all the data that should do pretty well over the next four years. But again, none of this is financial advice. So invest wisely, do your research, but make sure that you get in. No money is made on the sidelines okay guys, thanks so much for tuning in and spending this time with me today. As we uncovered and talked about the all time high of Bitcoin, all time high of the S&P 500. It is really remarkable times for people to make money. Make sure that you are one of them. Thanks for tuning in with me today. We'll see you next time. Hey guys, thanks for tuning in to this episode and if there was something that you loved or you had a specific takeaway, share it and tag me at Candy Valentino. And if you haven't already, grab a copy of my latest book, the 9% Edge Life Changing Secrets to create more revenue for your business and more freedom for yourself. You can pick it up anywhere books are sold, Amazon, Barnes and Noble or your local independent store. And once you do, head over to 9% edge.com and claim $1,500 in pre order bonuses, including a chance to join me on this very show. Thanks so much for tuning in and spending this time with me today guys. We'll see you next time.
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Afford Anything talks about how to avoid common pitfalls, how to refine your mental models, and how to think about how to think.
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How would a person buy their time?
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There are technology hacks. There's of course income hacks. There's outsourcing. If you have the means. Now it's time to take the action and outsource. If you don't have the means, you can't afford to buy back your time. This is the whole point. We want you to stop buying silly objects and start saving so you can get to the position to do these things.
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Make smarter choices and build a better life.
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Afford anything. Wherever you listen.