Hey, what's going on? Team? It's Ricky with attackbook Solutions And let's go ahead and prepare for this week of trading. Uh, for those that are a little bit newer to our Channel What's going on guys, it's Ricky and I Like to keep you guys up to date with the series of economic reports that are set to be released on a weekly basis. If you ever want to stay up to date with this again, all you literally have to do is drop a thumbs up on this video and make sure that you subscribe, turn on your post notifications and YouTube should alert you when it is that I Go Live! One of the things that I want to talk about is obviously Monday is closing observance to Christmas So 26 uh being Monday uh Tuesday There's not, uh, too many important economic reports. Uh, that I say there are a series of them that get released one hour before the Market opens.

Uh, there's three of them and then 30 minutes after the market open. So this will be hosted during our live trading session. Um, I Actually know this is still 30 minutes prior to the Market opening. So we have the Fhfa Housing Price Index again.

Uh, this. The overall impact that these reports have are very minimal. On Wednesday we have pending home sales. This is something that we have been tracking month after month, so it pretty much just shows us how many properties are under contract in the United States uh.

and then on Thursday we have initial initial claims, continuing claims that has to do with filing for unemployment, the first people that file for unemployment for the first time, or the people that have continued to fall for unemployment. And then we have Chicago PMI report which is going to be on Friday and that's going to be 15 minutes after the Market opens, which will also be hosted within one of our live trading sessions. Uh, not only did I want to talk about the series of economic reports that are set to be released this week, but I want to talk about where the market's at? uh, how you know kind of to prepare for 2023? It's something that I'm really excited for. One of the first things that you need to know it is that, at least for you know, the past 14 years, right? the past 14 years of the stock market, this has been one of the toughest years.

overall, right? Markets are down. It's one of the longest bear markets. A lot of people have been making good money shorting the market right if you're into that, but markets are very oversold now. Of course, the cheap can always get cheaper.

but I just wanted to put things into perspective on why. It's very important to kind of get excited to begin to invest long-term You know, even if even if you don't go fully into your position, right rightfully so, if the Market's still selling off, there's no reason to be fully invested. But as of right now, we're nearly at 52-week lows. And if we look at QQQ which is the NASDAQ ETF, we can see that from 267 based off of previous all-time highs, that's 334 that offers a 25.

Roi. Actually, no, let's go on the day chart that's not. um, all-time highs. all-time highs is at 405..

So if we look at where we're at and based off of previous all-time highs that offers a 51 percent return, a question that I get pretty often is like, you know what's one of the benefits of being able to invest in an ETF such as QQQ versus an individual stock Right where you can invest into like Amazon or Apple, right? Why would I buy one share of Apple and not just one share of QQQ The whole idea of investing, and you know, I'm just using QQQ As an example, there's Spy, which is the S P 500. There's a series of Uh indexes, right? NASDAQ Dow Jones and S P 500 are the main three, right? The three of the most popular ones. And the great thing about this is that it's pretty much a very simplistic way on how to be Diversified while only be invested in you know one specific ETF right? An example would be for Spy. It follows the S P 500.

So the great thing about that is that you're pretty much investing into the top 500 most valuable companies according to this Index, right? The benefit of that is that if markets were to sell off very aggressively, it's pretty well Diversified So you won't experience that same type of exposure or loss for that one individual stock, right? Let's say that when it, let's say, without one out of the 500 stocks that make up uh, the S P 500 is down. Like you know, 50 60, 70 percent? Well, you know. Obviously, it does influence spy, but it's not going to actually affect your portfolio in that same way, right? You could see that even from previous all-time highs to where we're at right now, we are currently down on the Spy about 19. Uh.

The great thing about that is that again, instead of have uh instead of uh, being someone that experienced, you know a 50 60, 70 loss, the benefits of being invested in an ETF or an index is because it's so well Diversified you don't experience or get exposed to that type of exposure of a loss. But also that upside either, right? Uh, based off of where we're at right now, if the markets were to fully recover for spy or the S P 500, that's a 23 return. So it's a more simplistic way of being Diversified and not having to manage a bunch of different stocks in your portfolio, right? These are all single leverage. So spy and QQQ are all single leverage.

ETF So it's a one for one. So when the S P 500 moves one percent and So does Spy, there's triple leverage. But again, uh, you really don't want to jump into triple leverage ETFs and try to invest in them. Uh, when the markets bearish, right? they're not viewed as investment vehicles and definitely the exposure to risk is a little bit higher.

Um, but I just wanted you to have a little bit of a better understanding of what are one of the benefits, right? Because we've talked about Tesla Tesla is literally at a 52-week low if we look at Tesla and where it's at right now I mean Tesla's trading at where it was, um, from the very beginning of the pandemic. If I'm not mistaken, it's trading at lows of 125. it's very oversold and a lot of people are very excited to be like hey, I want to buy some Tesla Nothing wrong with that, right? But if you're someone that's maybe just getting started, if you're someone that's taking risk management into consideration, things can get worse before they get better then this is where I think indexes can really be a value, right? depending if you like the Dow Jones depending if you like the S P 500 depending if you like NASDAQ Those indexes can allow you to be Diversified without having to have a bunch of different stocks in your portfolio. so it's a great way to stay well balanced or at least just get that portfolio started for 2023 because I know a lot of you, right? Um, I Know a lot of people that have been reaching out to me personally.

uh, where they're like I've always wanted to invest, markets are very, um, you know, cheap right now is now a good time and obviously just like Warren Buffett said right, be greedy when others are fearful and be fearful when others are greedy. Obviously right now A lot of people are fearful I'm beginning to, you know, dollar cost average into my long-term positions. but I understand that my risk tolerance is a lot more than someone that's just getting started. So I just wanted to provide you an alternative where instead of trying to, you know focus and spend so much time on what's one or five specific stocks that are the best long-term plays, you are aware at least of these three major indexes.

um, and why they're so popular, right? The benefits um, you know of of some form of risk management is that the exposure to to loss is quite minimal on those indexes because they're so well Diversified already. So if you have any questions about them I Hope that you know that you can always send me a direct message uh, via Discord and that's that first link in the description or feel free to send me a direct message via Instagram And that's that third link down below. I Do trade a lot of these ETFs every single day. I Do that exclusively with My Learn Plan Profit Group.

So not only do I show my profits or do I show my losses right, but I Actually trade live every single day with My Learn Plan Profit Group. It's not a monthly subscription, it's a one-time payment. It's lifetime access. and we're running a huge sale right now for the end of the year.

So if you've ever wanted to look a little bit more into it I would encourage you to take two minutes. click that second link down below. Learn more about our Learn Plan Profit Group and see if it's a good fit for you And if so, I can see you tomorrow at Market Open for our live trading session I Do trade live every single day at Market Open with our Lpp team. So I appreciate your time.

We will be announcing the giveaway winner uh, for Techman's Apparel. So someone today is going to be winning an iPad or a PS5 So if you want to learn more about that, that's that. Fourth link down below and if you've wanted to start your portfolio, but you just don't know what application to use, I personally use Weeble It's the application you see right here and if you want to download it, it is for free. So as long as you deposit one dollar literally just one dollar, click the fifth.

Link In the description down below. You will earn up to six free stocks when you deposit one dollar. So if you have any questions, feel free to reach out to me. If not again, I Will see you at Market Open for our live trading session! Uh, like always, let's make sure that we're in the year on a green now.

take it easy team!.