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That’s really interesting- it hasn’t occurred to me that someone would be sitting on a lawsuit waiting for a favorable environment. And yes- retail investors seem to get be the ones getting the news last 📰 I was was shocked about the number of days the shares fell 5%+ over the last two weeks.

Be careful while this thing is a falling knife. Hard to pick a bottom under $30 imo. Next week should be interesting.

@PremierStudyandInvesting point taken. It's not great that there is more uncertainty in the air. Anyway, I'm a strong believer in their pipeline for the next 4/5 years, but they may run out of cash or face strong anti vax sentiment...

I agree this is a massive over reaction to RFK

It was nice to have a system in place since stock picking and shorting the last couple years have not gone well in my other portfolio. I really thought that I needed to go back to something more based on what I had learned. However being down almost 9% on a portfolio with an expected return of 12% was rough- having such a small amount of money in there it was a lot easier to stay the course and not switch strategies (and I wonder if I would have had the faith to stay with it if more money was invested). Certainly interesting to apply the theory and then see how it performed. I expect that TLT will perform well as interest rates drop in 2025. I have been in the recession camp for a couple years- so the TLT bet is assuming interest rates continue to cut and the economy slows as the long term part of the curve is more related to the economy. I’m not sure why interest rates increased this week though. Interesting- about oil and gold. Maybe I will do a vid on the correlation of those two.

@@PremierStudyandInvesting Bond rate moves are confusing right now. There seems to be something at the high factional systemic level going on. If you want to, a correlation look at oil with gold would be interesting. And you are the 'Data Analytics guy' in my list of sources. Also thanks for your prior look at liquidity risk w/r to The Great Taking talk. Along with others, it led me to the view there is enough liquidity still available in the USA to survive and bailout a major crisis probably two.

@@PremierStudyandInvesting PS Talked with a vg tech savvy friend. Like me and a lot of Gen X, we once had careers. His in tech [IBM]. I described what I learned from you about data analytics with follow up questions. He concurred. A way if available to get into a company and move up if you're younger (we're in our 50's so no go). As you postulated, once you know the data analytics of a company, your value is intrinsic and should be promoted. A valid upside career path in his view too.

Hi 👋. You are correct- I do not know much about the details of SVB. It seems SVB was primarily used by hedge funds investing in Silicon Valley startup- so these are the whales you describe and I think everyone would agree with you there. The Google aI has made it easy to find a bunch of links of what you are saying and the “bailout” by backstopping the situation, providing emergency liquidity etc etc. I didn’t know that. I thought they were bought up by other banks as I showed in the photos, but your point is important. Thank you 🙏🏻

Nice find! Western Governors University is what they mean. Yes- lower level accreditation if I remember but should be fine for CPA. Or maybe people don’t want to get CPA and just go to work. Anyways… great comment! I didn’t know that!!

That sounds so difficult to overcome those things… don’t give up. Hopefully a good opportunity and good connections will be made for the future 🙏🏻

Focus as in what

@@Mr0rris0 on gold and silver markets. ??? I wrote that in the sentence. Do you have a question?

How are things like bitcoin and gold not the beads they are... And the crude thing with pandemic? What did it take to get that oil price normal and what's with gold and this climate esg stuff. How can you call bitcoin pure energy and just ignore a big black hole? Turning everyone's money into the peso via printing doesn't help either. Yet the world has a cash shortage at the same time there's too much money.... Yay apples pile of cash? It has to be done 😂 How about that if elon gets Into doge and raises the price for you he did that and you are his. Such is not the case when China does that to your gold for king and country? What are they going to do if you ban currency hedges via real estate... Nobody seems so innocent....

​@@Briand-ei1gslike I'm looking or focusing but I'm not a fan or liking what I'm seeing or able to act Not even to mention the ethics of doing more than shriveling up and dieing.... What can you do when the brits promise everyone the central powers 😂

​@@Briand-ei1gsfocus like it's Wendy peppercorn or the lochness monster? How do I make attribution here.

Try telling that to those who are leaving trade jobs and exposing the corruption and health hazards, including deaths caused by, within those industries.

I was thinking more like independent plumbers that have their own business and come to install a faucet type of thing.

I saw the hearing at the subcommittee in Tennessee. Nice to hear the other lawyer to see there are others with David’s concern. Gold and silver make sense. Stable coin maybe? Yeah- I’m not a person who has skills where I can do my own thing like a trades person. I tried to do the website, course and RUclips channel, but it’s been rough. Hmm Dalio- chapter 6. Good to know.

The bill did not pass. Was sent to summer study within the committee. Essentially killed the bill.

@@jap3270 yeah, I heard that. Depressing but I should not have been surprised. These people are powerful, very powerful and wouldn't give up in all the work and preparation of the many years to put this in place.

I observed personally inaccuracies spouted by that author on his website, especially in regards to the Bible and God, which he refuses to recant.

This David Webb information is hard to accept. I see some podcasts have interviewed him or covered his book but no one seems willing follow him to his conclusion. The next day is a new video about TradFi investing and the economy. I am finding it somewhat of a challenge to accept (I shouldn’t be surprised his thesis rests on obscure documents) but the document are not easily verifiable or understood. Also who can determine the risk associated with the global derivatives markets, as this is central to David’s conclusion. How much bank exposure is there to derivatives trading? How do we know that the DTCC is thinly capitalized as he says. Describing their views seems easier than verifying their assumptions.

@@PremierStudyandInvesting I just watched your latest post. I look forward to any follow up discussions and have shared your Channel. I find you are connecting actual information with different hypotheses that makes sense. (if you learn more on the state of the global derivatives market that would be really interesting too) A lot of people make big statements without supporting data or even supporting motives. This can become ideological. The Great Taking could happen, but after hearing the summary from yourself and another person who actually did backchecking, it is more likely a great story for the novel genre, perhaps like a current iteration of Hal Lindsay. An indirect comparison I happened to read from a meeting last year was from a CEO of a growing mid-sized ocean shipping company. He was asked what if an all out war with China occurred. He said then everything we're talking about today doesn't matter. In my current view, The Great Taking leads to the same outcome. It also presumes in the midst of a period of calamity - which is nothing new - those on top would be ruined as well. Now that would be new. A fun metaphor that comes to mind is Bill Gates in the ring with boxing gloves going at it to the bloody end with Schwab. Elon Musk is yelling from the bars at both of them, and Jamie Dimon is seated watching the whole thing in his underwear cuz he's broke. In an empty stadium without coverage since the internet is destroyed and the audience can't afford to buy tickets.

Sorry to hear about this. I think the 100% increases in premiums should not be allowed because Genworth IMO was hoping a lot of people would drop their policies. I thought the benefits for those reduced options were a really bad deal. Hence the excel sheet. I know a guy that was so angry. He dropped his policy because he thought it was criminal and he didn’t trust them and he wanted to give money to his church rather than paying $1000’s in premiums when he thought Genworth would only rewrite the policy to cut benefits again. He thought there should have been a class action lawsuit . 🤷 to each his own. Genworth was in trouble and sold ~30% of a profitable business to pay off debt. Their stock price has improved in 2024 (most stocks have)… but I wonder if it has to do with excess deaths… b/c I constantly see medical based RUclipsrs talking about excess mortality, morbidity with heart disease…. My friend’s mom was able to stay with her children until she died- seems like a dream come true for the elderly that could do so.

Heeey! Hope all is well. TLT dropped to almost $92.00 a share today. It was 98 three weeks ago, lots of movement in interest rates.

@@PremierStudyandInvesting Thanks! Things are still going decently enough. Your quarterly spreadsheet ETF updates and discussion are really helpful. I've noticed few people these days are providing ETF portfolio weighting analysis. I'm glad indeed I came across your work & compilation in Modern Portfolio Theory and can access the results through Patreon. Much better for example than using a broker in my view. I was registered as an advisor in mutual funds for about a decade from the mid 1990's. Your work would have have made that job unnecessary - a good thing (it was often stressful for example when planes flew into buildings just saying). One quick last subpoint: I've heard several hedge fund-to-client managers (way above my net worth) mention this year holding a large weight in gold the metal and NOT the miners, hence GLD which I only learned about going through the quarterly update today (oh well, new day new thought). One quick last question: if any rattling events happen in between quarters and highly alter your previous update, might you provide and interim portfolio update if pertinent? To end on a quip: volatility sure is crazy, yet one 6-8 digit personal hedge fund proprietary manager Michael Pento - based in Florida - says he has friends with all of their portfolio in ONE position, Nvidia, nuts, though they've been really right for 2 months and good for them, for the time being🙃Thanks for reading.

Yes- who would have ever imagined this is the way it works. The longer I have thought about it- the problem of stock splits would cause a big problem for analysts. They would probably have to make this adjustment on their own. So in that sense it is nice that is was done for them/us already. One other thing that has come to mind is that if I am able to mentally justify using the adjustment factor for the change in shares outstanding via stock splits then what about buyback… this also changes shares outstanding but there is no adjustment for buy backs like there is for dividends and for splits…. Odd. Got me thinking now.

SCHD is very popular among dividend investors, and to mix it with SP500 index… anything is possible I guess. I ran portfolio optimization models in 2021 and SCHD was chosen for some lower risk models. The SP500 index hasn’t been selected by the models I have been running in 2023.

Good school if you want to ski 2 days a week. Lot of phd’s and entrepreneurship there. Expensive because of the housing ordinances tho. Without even looking at their tuition prices, I can almost guarantee that’s going to be an expensive road to the CPA. Honestly no one will care that you took undergrad courses from CU bolder vs some other school.

Thank you for the feed back. I saw a complete online program from the university of Colorado but is in Denver. I already have the requirements from Santa Fe College in Gainesville, FL(Intermediate accounting 1 & 2) to apply to the program Master program in CU. Santa Fe College offer the bachelor degree in accounting but I am just working the requirements for the CPA exam in which is 28 hors in accounting courses and already have bachelor in Clinical Laboratory Science. Would you recommend me to finish the courses needed to sit for the CPA exam in SFC or to apply to the Master program? thank you@@PremierStudyandInvesting

Not yet. Level 2 exam coming up.

@@PremierStudyandInvesting I wish you best of luck with the rest of the exams. Just curious, is it really worth all that much effort and time? What is exactly the ROI here? Also, nowadays that everything is becoming so highly dependent on Computer Science professionals how valuable is the CFA really? These are all questions which keep bugging me and I’d really love to hear what’s your take on this. Thanks.

@@urielaz2402 👋 it’s hard to know but I see your point. I am surprised when I see people with CFA in my company at the same promotion level as those much less education (although maybe much longer tenure)- so perhaps CFA can help people climb faster. It is a generalist cert at the first two levels- but by level 3 I believe around 50% of the material is based on portfolio management which is very specialized. There may be some sort of group identity- a brotherhood/sisterhood with other charter holders. I find it is simply interesting to know how everything works- similar to what is interesting to people who get into resorting cars and working on engines - the complex system. I haven’t looked at all the details but now it’s not just exams there are also some modules that are required in Python or some other toolkits to get the charter …. I’m not sure since it won’t apply to my next exam but will for the following one. Sure- I guess we could go and do data science degrees or become great at SQL, but finance is much more interesting. I will be managing my own money so it’s valuable to be learning the basic aspects. I also think about being an independent financial advisor with a CFA - seems like it would be a very attractive proposition for clients. You sound a bit more doubtful -what are you seeing- that might be a better option worth considering.

@@PremierStudyandInvesting thank you for elaborating on this. Well it’s true that I sound doubtful but not because I am seeing something better. I just wasn’t sure if it’s worth pursuing into the future but I guess you could be right. And would you believe it if I told you that I even asked chat GPT :) (Lol) about it and from it’s detailed answer it seems like it’s a really good choice for people interested in finance and investing. I personally used to be obsessed with finance just because of the awe I had from this industry and the crazy earning potential but I really doubted myself whether or not I was really genuinely interested in finance and investing. At the moment I am 35 and I am back in school pursuing Computer Science but the finance world will always have a warm place in my heart.

At this time are not giving the notes away.

That’s for the comment. UT Austin is a great University. I will look at Illinois Urbana Champaign for the next update. Thanks!

I haven’t been following this stock closely in recent months- there was a very large - I think 42 million preferred convertible shares redeemable at $0.12. Current shares outstandingly is ~162million. Seems it would drag any major upside move if we assume those would be converted. Need to go and re-read, not 100% sure on that.

Thanks for the update. I need to take a look at the progress that’s been made recently!!!

I’m not sure about demand since I passed the exams but am still waiting to finish the work experience. I wonder how much “on shoring” will take place since this is really a lot about cost accounting, project management, cost projections. My current belief is that onshoring is more about moving manufacturing to Mexico. I think that is the heart of it even though there is some finance corporate accounting in there as well. It seems like Robert Half has a lot of these types or roles that fit well with CMA’s. I also believe there will be a trend of people working later into their 70’s. Last comment- I think the data on CMA salaries is skewed because many CPA’s are also CMA’s

@@PremierStudyandInvesting okay, that's interesting. I used to contract via Robert Half and Accountemps. I think you're right about a rise in older workers occurring as retirement becomes harder to achieve. Do you feel you will be in demand when you finish your work experience more domestically or over seas? Thx!

@@jasonblizzard9635 yes- I think the demand will be good for me. My background is more in finance, but when Covid hit they were running their exams in a way where it looked like it could be years to get the CFA. That one needed 4 years of work experience plus he pass rate during Covid got down to 22% for CFA- so it seemed more like a longer term plan and CMA can help short term. That’s what I was thinking but right now I am in commercial real estate so…. It hasn’t blown open doors for me. But also I don’t have CMA behind my name either. The PBS documentary “the retirement gamble” wow a shocker! Great documentary about retiring in the US.

@@PremierStudyandInvesting 👍 I'll check out the documentary. Thx!

Good call! On that!

You comment has caused me to check the spreads on bid ask next time I log in to my brokerage. Do you know how much money they received from BARDA for OT-101

Herb- are you still in this stock? If yes why? I saw a post recently and thought of you and this firm as the poster was saying to use artemisia annua to clear C spike protein . oncotelic was the only firm I remember talking about Artemisia Annua ever. Hope you are well.

As far as I remember you can sit for the exam while you’re still in school, but to officially earn the credentials you will need 2 consecutive years of related work experience and a bachelors degree. You have 3 years total to pass both exams. Most study materials have an access till you pass option

@@thecheekof thank you!

@@thecheekof my school offers a accounting joint with finance major…should I do that to prepare me for the CMA or life after school. Or can I do just as well with an accounting degree and just learn some finance topics through Wiley?

@@edgarpineda6121 I had a double major in business administration and accounting in college and did not take too many finance courses except for what was required for the business part. I think I took like 2 finance courses. I personally think having the accounting background will serve you better, you can learn all of the finance stuff you need to know with the study materials. Keep in mind that the CMA also tests economics and statistics knowledge, if you have the availability to take some courses in those areas it would benefit you as well. I work for a large company now and can tell you that having the accounting skill set opens many doors. People often move from accounting to finance, but rarely move from finance to accounting because people strictly with a finance background often do not have the accounting skill set

@@thecheekof The accounting degree at my school offers 3 econ classes and I’ll try to fit stats in there too. Thank you for your advice! It really helps to hear from someone with experience.

Just a bit! Only so because that’s the spark that fuels up the motivation to pivot your life into something worthwhile! I’m in a similar boat and hope my own craziness continues to light this CPA path I’m about to embark. If you go down this journey too, wishing you the best in your endeavor!

You are not crazy. Do it.