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. Why 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 of over 12 000 shares of tesla and another 2 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 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 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 gon na have to deal with the debt ceiling again in the budget for the government And government's shutdown, 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 a pretty positive way. But why am i selling them like? Why would you sell if you think the rally's going to keep going well? That's because i'd rather secure profits when i'm in margin and pay off my margin than 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 just wait for everything to go to the absolute moon. I'm gon na take some profits. I'm gon na pay down my margin.

Remember i went about four million dollars in margin in october. 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 side in cash uh, somewhere around four million dollars sitting in the side in cash four to five million dollars in cash.

And 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 end phase around 150 options on tesla at the beginning of october. Oh my gosh affirm, etsy, end phase matterport. For goodness sakes.

Even so far, 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 gon na get antsy again. People are gon na take profits again. The market's gon na move so darn fast, we're gon na end up having three four red days in a row and all of a sudden everything's gon na be down 10 15 percent, at least at least the higher valuation tech companies, not necessarily the indices. I don't know that we're gon na see the indices correct more than five percent again this year.

I just don't see that happening, it could uh and then i'm gon na 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 gon na go get on that train. It's so freaking late because it always comes back down now.

The question is: is it gon na run to two thousand dollars first and then come down to seventeen hundred dollars and then i'm gon na go haha 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 fudd.

I am extremely long on this market. I have over get this now and a 27.5 million dollars invested into stocks and crypto combined. It's insane and i'm happy to say i'm 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 on bags, 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 actually a good chunk of my expi. I still have expi i sold my sofi sold a thousand shares of enfays a thousand shares of a firm. I 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 thousand dollars of cardano 120 000 of ethereum altcoin, i didn't sell any bitcoin, did sell about 240 k of matterport. Did that close, my d-wack short profitably, uh 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, quick note on crypto.

I do also still have fears that uh, even though i am investing in companies in like private equity as well in cryptocurrencies uh. I am uh concerned that if inflation does inflict 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 gon na 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 i'll, even refinance some real estate, because i've got one property, hopefully in escrow tonight, two properties that i Closed cash i'll be refinancing those those properties i'll have that money in like january, and if we have a dip or pain time in january or february, again, boom you're going to see me buying like crazy, crazy, crazy, crazy, because that's what i do i'ma 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 going to be a dumb dumb 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 going To be freaking out about getting margin called, and you should be freaking out about how good a deals you got that you could be shopping for so the times to prepare are 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 you.