Why I’m Selling Stocks Now

hey what’s going on you guys welcome

back to the channel so i’m shooting a

very very impromptu video here i didn’t

really plan on making one but

i made some pretty major updates to my

m1 finance dividend stock portfolio

and i wanted to update you guys about

that um also i am babysitting my

brother’s new cat here so uh he may show

up in the scene or whatever but uh

yeah super laid-back video here guys but

i kind of wanted to update you on

uh some major changes that i made to my

overall portfolio

so first of all just a few quick

disclaimers uh this is not a

this is not financial advice i am not

any kind of financial advisor

and then you should always do your own

due diligence above and beyond this

video before making any you know

purchase

or selling decisions in the stock market

also there’s been a rampant problem

with uh spam comments and um comments

that are just basically a total scam on

my channel

and a couple of channels have actually

had uh some videos get demonetized out

of nowhere we’re kind of trying to

figure out

where that’s coming from but we think it

might have something to do with the spam

comments

so unfortunately for the time being out

of the abundance of caution for my

channel

i have disabled comments or not disabled

them but they’re all held for review

basically so

if you leave a comment um my va is going

to

approve them manually and negative or

positive is fine

but if you’re promoting a scam or hate

speech basically things like that that

are just purely negative or malicious

that will not be allowed but i just want

to be fully transparent with you guys

in case you noticed that you commented

and it didn’t show up and i did put a

post on this

on my community tab earlier for more

information

so anyways guys into my portfolio here

obviously in my last video

this portfolio was quite a bit larger

and i had 50 grand in bonds

now you look at it and it’s half of its

value and i put 50 grand in a

penny stock so what the hell is going on

ryan it’s probably what you’re wondering

so first of all on to the discussion of

the 50k in bonds

so initially i had taken that off the

table uh

of my portfolio to put that on ice in

case i needed that money towards this

legal action against uh the sellers of

this house i bought in florida

but then i ended up getting a couple of

really good sponsorship deals on my

pipeline and some other stuff

with my different business ventures so

at that point

as i was doing further and further

research on this company genius brands

i decided i wanted to have more exposure

to it so i decided to take that 50k

sitting there in bonds

and rotate that over into genius brand

stock

well as fate would have it uh very

shortly thereafter

i ran into some hiccups with one of

these sponsorship deals with one of my

businesses

and all of a sudden i was like oh crap

wait a minute you know now i’m in a

little bit of a

sticky situation here cash-wise now i

know what you’re gonna say

i should listen to my own advice and i

absolutely agree with you guys i have to

build up my emergency fund and i have

been taking

a little bit more risk here than i

usually do but overall

you know i’m doing fine and essentially

what i did is i trimmed off

a bit of this portfolio to basically pay

back some debt

and uh to also basically um i did take

the bonds and switch that over to genius

brands

so basically guys what i ended up doing

here is i took that 50k in bonds and

rotate it over to

genius brands and then i took basically

a hundred grand

off in the reason i did that guys a

couple of things number one if you look

at the s p

500 you know we’re basically back to the

top of the market i mean

i’m not saying i expect a crash i don’t

know but like

you can’t really fault somebody for

selling at the top of the market

the stocks have never ever really been

more expensive than they are right now

that’s what this is showing us

so i’m selling most of i sold most of

these stocks at just record high prices

i’m not saying i think they’re going to

go down but again

nobody ever got hurt by taking a profit

is basically what i’m saying

now what i did with that money with the

majority of it seventy thousand dollars

i simply paid off my m1 borrow so what i

do with m1 finance here is i get a

portfolio line of credit

it’s because i have m1 plus two percent

interest and i was borrowing against my

portfolio

and i used that money to pay off my car

loan then i’m sitting here thinking okay

we’re at like the top of the market why

don’t i just trim back the portfolio a

bit knock that out

and free up that line of credit in the

future so basically what i did is

of that hundred grand i took off the

market i put 70 grand

uh towards that and my m1 borrow i’ll

show you now

is down to zero dollars and that opened

up basically a thirty three thousand

dollar

two percent credit line uh in case i

need it in the future

so for me that was just a really logical

move because i trimmed off some debt

uh my car’s paid off obviously and then

now i have a 33 000

low interest credit line in case i run

into any more you know hiccups or

unforeseen circumstances in the future

so that’s the gist of what happened

there guys i know it seems like a crazy

move but a lot of times i

i make these leaps and i jump to uh i

contradict myself sometimes with my

actions but overall guys

you know this is where i think there’s

going to be where i see potential for

gains in the stock market

but again keep in mind i am not a

typical average retail investor i have a

lot more risk tolerance

and you should not put you know 50 000

into a penny stock or anything like that

that’s probably crazy guys

i’m not going to talk about genius

brands really in this video i will show

you the chart

but i just did a full like one hour long

video about why i put a hundred thousand

dollars

into that stock and i also did like a

six thousand word right up on it

which i’ll put in the description below

so first of all guys

real quick let’s just cover what the

heck’s going on with this portfolio if

we jump over to the holdings

so the biggest holding here is now

genius brands i’m down about around

three percent in this portfolio since i

bought it

after that we have dave and busters

which as i don’t

understand honestly why the stock has

moved lower they had blowout earnings

they were expected to have negative eps

they posted positive eps

and yet the stock sold off i’m not sure

really guys with this one

i think this stock will do well in the

long run but obviously you know

i was a bit too eager when i bought

those shares other than that i pretty

much trimmed almost every position here

down to

somewhere around three thousand dollars

i’m not going to go through each one but

you can still see how i

a lot of these stocks i just had massive

gains in that i was selling

off i mean look at this for example

lowe’s 173 percent return on lows

63 on bank of america 55

genuine parts company 112 percent on

emerson electric so

by no means i’m selling things i bought

like during the pandemic

in some cases for more than double what

i paid for them back in

you know march of 2020. also guys real

quick if you are interested in learning

more about m1 finance or investing i

have a completely free 30-minute video

training

down in the description below as well as

an affiliate link for

m1 finance and i may earn a commission

if you do decide to use that link

so overall guys that’s my explanation uh

stock market

i don’t know just look at this yourself

what do you guys think i don’t know i’m

gonna leave you with that one

moving on here guys uh here we are

looking at genius brands the full

article write-up that i did here

i literally spent about 12 hours on this

article and i’ve been researching genius

brands for three months now

uh so honestly guys if you’re curious

about it i put 100 grand in this penny

stock

i’ll put that article down in the

description below but it is a quite

lengthy read here somewhere around

the neighborhood of 6 000 words and then

i also have a full video it’s an hour

long

and again i i don’t i’m not i’m sharing

this just if you want to learn more

about the stock

and it’s funny because if you watch the

video i’m basically telling people hey

you probably don’t want to buy this is

it speculative but anyway

just for further awareness if you’re

curious why i put a hundred thousand

dollars into this penny stock

so overall guys another thing that i

wanted to just make you aware of

um a lot of people are asking about amc

et cetera yes i do own some shares of

amc

i talk a lot about that on my instagram

and so i i am holding on to those shares

but

a lot of people wondering like hey what

has why has there been no movement in

the market like what’s going on here

i found a very helpful video here guys

on ftds not gonna get into it i’m just

gonna point you towards that direction

it’s very complicated and this guy

explained it very well

if you’re curious what the heck is going

on or if you purchase genius and then it

moved lower

it sort of ties into this in my opinion

okay

now again this is merely speculation

from a random guy on the internet but i

just wanted to point you guys

in the right direction uh real quick

guys too i want to show you the overall

chart on

genius so i made a video about buying it

somewhere back in this territory here

and we did yeah we sold off and breached

the 200-day sma

but since then it’s been a pretty good

snap upwards a crazy day yesterday

and then we moved up again today so you

know we’ll see what happens tomorrow but

what’s exciting for me

is if you open it up to the weekly chart

uh you know there’s a really really nice

setup here in terms of a pennant forming

and just overall consolidation and i i

like the chart i like the stock that’s

what

i mean that’s about all i got to say

there so that’s why i’m in on this trade

but literally guys it has almost nothing

to do with the chart i like it on a

fundamental basis

and it’s a long-term investment for me

i’m going to hold these shares for many

many years

as long as the company’s not acquired

but that is my overall plan

there so anyways guys there’s my update

i hope you enjoyed it

uh definitely if you want to check out

that video on genius brands or that

article it’s going to be down in the

description below

and like i said if you want to check out

m1 finance or that free training

that’s going to be down below as well

but thanks so much for watching guys

and i will see you in the next video