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An icon in the investment world, Wallstreet Trapper stopped by Sway In The Morning to give investment tips to help your strategy in 2023z
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0:00
some trap with me sir this man redefine
0:03
the word the terminology trapping right
0:04
there Heather B I love it all of this
0:07
today I love it I've been following this
0:09
man for a while and just really enjoying
0:11
the work he's been doing he's on purpose
0:13
we were talking about alignment today
0:15
absolutely staying in your purpose you
0:17
could catch him on on trapping Tuesdays
0:19
on all podcast platforms on YouTube you
0:23
can go on this IG he gives you tips on
0:25
how to invest or always go on his IG and
0:28
I steal the information and I do it for
0:30
myself yes
0:33
he has yet to Lead Me in the wrong
0:35
direction we see I'm gonna turn the
0:37
platforms all the podcasters all the
0:39
radio shows that put them on Salute to
0:41
them because this is the kind of
0:43
conversations have to be as you know uh
0:45
King Tech and I started having in the
0:46
early 1990s you know I'm sorry and
0:49
that's why we called our show to wake up
0:50
show to wake up our people and our
0:52
community the information that they
0:53
weren't privy to or learning any
0:55
educational institutions so we've been
0:57
speaking on investments since then on
0:59
this show in 2011 when we started on
1:01
Sirius XM we've always had people who
1:04
work in the finance industry come and
1:06
talk about how they obtain their wealth
1:08
this man might be one of the most
1:10
relatable voices in that industry
1:12
because of what he had to endure as you
1:14
know he did do some he was a resident in
1:17
an institution for a period of time but
1:19
he utilized that time in a very
1:21
productive way and came out and start
1:23
teaching and teaching and teaching
1:25
people how to live on a higher level I
1:27
want to welcome him to our show For the
1:29
First Time The Wall Street trapper
1:31
[Applause]
1:39
why not yes you and my genetics homie
1:43
come on man my DNA man I really
1:45
appreciate what it is that you do and I
1:47
think it's important what you do because
1:49
you talk a lot about the market and
1:52
Investments and a lot of us our people
1:54
are scared sometimes probably because of
1:58
the unknown was scared to we know where
2:01
we are we know where we want to go but
2:04
that in between I heard you talk about
2:06
that the in between that vulnerable
2:08
stage of before we get there we're
2:10
scared to enter into that to you what is
2:13
one of the key points or the key or
2:16
fundamental points to obtaining wealth
2:18
so I truly believe in my heart of hearts
2:21
that
2:23
lack of money isn't the problem it's a
2:26
symptom to a bigger problem okay right
2:29
and so we'll never get to heal the
2:31
financial trauma that we go through
2:33
coming in up in our culture no matter
2:35
what Hood you from we all deal with the
2:37
financial trauma the emotional the
2:39
mental pain that we've seen our parents
2:42
go through
2:43
um how we've seen them respond to money
2:45
how is how we see them respond to bills
2:47
so we gotta first before we even think
2:49
about getting the money we got to ask
2:51
ourselves like why haven't I why have
2:53
generationally we've been in lack right
2:56
so what's what's the Catalyst to that
2:58
and so then it then we can tackle okay
3:00
let's get the money so the first thing
3:02
for me is one understanding how the
3:04
information changes my life okay right
3:06
so we got to understand that part first
3:08
okay what what is my relationship with
3:10
money is it toxic mean as soon as I get
3:12
it am I spending it uh do I get it and
3:14
hold on to it both of these both of
3:17
these are two negatives on the same side
3:18
on the same coin right and so what
3:20
happens is I always say that
3:22
um poor people live check the check rich
3:24
people live year to year but wealthy
3:26
people live generationally right so
3:28
wealthy people like I'm already setting
3:30
my daughter up so she already like I'm
3:32
all right I got my freedom already cool
3:33
how do I make sure my daughter good but
3:35
also how do I make so some kids that I
3:37
would never see be good right so I'm
3:39
already understanding the power and
3:40
leveraging my money but because we come
3:42
from lack it's hard for us to even think
3:44
about another generation when the next
3:46
meal in front of me ain't promised yeah
3:47
right the next bill gives me anxiety
3:49
Christmas I'm already knowing I'm going
3:51
five thousand dollars in debt for most
3:53
of us the biggest lump sum of money we
3:54
will ever get going to be for income tax
3:56
time yeah so now we trying to just
3:58
maneuver through those nuances is to
4:01
stay above water so we got to change the
4:03
relationship with money first before we
4:04
even think about Building Wealth Centric
4:06
Nash is over everything you saying is
4:08
he's not into it it sounds like we as a
4:10
community need some form of financial
4:12
therapy that's what we need okay how
4:14
would that look though what would it how
4:16
would that work if you was the therapist
4:18
where would you begin so I really call
4:20
myself a financial therapist and that's
4:23
for trapping twos is so what I begin is
4:25
with first we gotta stand in the problem
4:27
so one of the things I've been on heavy
4:30
is before we can increase our territory
4:32
we got to increase our capacity right so
4:35
before we can say yo I want a million
4:36
dollars how are we navigating with a
4:38
thousand dollars so the first thing we
4:40
got to do is stand in it like you can't
4:43
heal from trauma if you don't stand in
4:45
and understand what are the things
4:46
that's triggering you from the beginning
4:48
right so first we got to understand okay
4:50
what is my relationship with money so
4:52
how does therapy look okay if I gave you
4:54
a thousand dollars right now what would
4:55
you do with it don't tell me what you
4:57
think is right tell me exactly what you
4:59
would do with it what would it do where
5:01
would it go at right don't tell me oh
5:03
I'm Gonna Save it I'm invested nope
5:04
because that ain't in your heart how you
5:06
feel right so first we got to identify
5:08
what is it that we would do with the
5:10
thousand dollars and so because somebody
5:12
may say something wrong I'll say okay
5:13
well
5:14
what did you do with your last income
5:16
tax check what do you do for Black
5:18
Friday
5:18
like what do you do when you get a
5:20
credit card so now we start identifying
5:23
the financial behavior over a long
5:26
period of time so once we understand the
5:28
financial behavior now we can get down
5:30
to oh this is the problem okay did your
5:32
mother do that yep okay boom so that's
5:34
the problem did your grandmother do that
5:36
okay boom here we go so now we can start
5:38
cutting umbilical calls to some of the
5:40
issues now we can heal that trauma and
5:43
once we heal the financial trauma we can
5:45
now put you in a state we can increase
5:46
your financial fortitude so you can now
5:49
move differently when you see money you
5:51
know what I'm saying is that what you
5:53
speak to about values and behaviors
5:56
can I just add because your money
5:59
outcomes
6:00
are the derivative of your money
6:02
behaviors your money behaviors are the
6:05
shadow to your money values right
6:07
because and another way of saying about
6:09
money values are your money priorities
6:10
you change your priorities you change
6:13
your behaviors you change your behaviors
6:14
you change the outcome and that's the
6:17
process of transforming your value set
6:19
and you know do you value looking rich
6:21
or do you value being rich people who
6:22
value looking Rich has a behavior of
6:25
buying stuff with their money right and
6:27
the outcome is they never become rich
6:29
they just become they just look rich
6:31
they just look rich they're facade of it
6:32
okay
6:33
so at both Cedric and and Trapper Wall
6:37
Street trap but thank you again
6:39
um but you both keep bringing up the
6:40
word literacy and education and it it
6:43
makes me wonder if all of this is
6:45
intentional on a bigger scale because
6:48
as kids because you said trauma like you
6:51
remember like possibly your Grandmama
6:53
like with the bills spread out on the
6:55
table or your mother the Bill's right
6:57
out and it's like yelling for different
6:59
reasons and whatnot it's like all I'm
7:00
doing is asking for a pair of Adidas
7:02
like what's the problem but kids as kids
7:05
we spent so much time in school it seems
7:08
like why isn't education Financial
7:11
education taught in school because you
7:14
say in generation after generation but
7:16
where's the education supposed to come
7:17
from like we don't know cool I love that
7:21
so here's my analogy to that every time
7:23
has the lion ever taught the zebra how
7:25
to get away
7:29
the line ain't never taught the Gazebo
7:31
how to get away the lion never taught
7:32
the gazelle how to get it ready we got
7:34
to put ourselves we got to understand
7:35
that America is an Economy based on
7:37
consumerism right so if America is an
7:40
Economy based on consumerism then we
7:43
need more people consuming
7:45
so I have to breed and I have to
7:48
intentionally breed consumers I cannot
7:52
give you the power to learn how to
7:54
maximize your dollar because then the
7:57
one percent wouldn't be the elite right
7:59
we needed Elite and we need the people
8:01
who are I don't want to say nothing bad
8:03
but we need people who are not
8:05
knowledgeable on money so now we can
8:09
keep creating things that will trigger
8:12
because that's the thing about trauma
8:14
there's always a chemical emotion
8:16
there's a dopamine that's released that
8:18
makes you do a certain thing so what
8:20
happens is when the people okay I get a
8:22
paycheck watch this
8:23
somebody can work overtime somebody can
8:25
know they struggling they know they
8:26
behind on these bills they know they
8:28
behind but guess what if they worked
8:29
overtime immediately before they even
8:31
got the check they know how much they
8:33
gonna make from the overtime part where
8:35
they check and where they gonna spend it
8:36
at they already know it that's Financial
8:39
trauma so what happens is I need people
8:42
continuously living like that so that I
8:44
can 100 benefit off that so just here's
8:47
a here's a bigger picture of it
8:49
during a pandemic there was seven
8:51
trillion dollars put into the economy
8:54
seven trillion dollars put into the
8:55
economy over a time span but watch this
8:57
from 2020 to 2022 the wealthy one
9:03
percent of America increased their Wells
9:05
by five trillion dollars while the poor
9:08
people in the Working Class People of
9:10
America
9:11
decreased their wealth meaning if you
9:13
was if you had ten thousand dollars in
9:15
your statements during the pandem you
9:17
probably had two people who worked the
9:19
job they're 401K they contributed to
9:21
taking the minimum sixty thousand
9:23
dollars out of the 401K how is this
9:25
possible how is this possible in a
9:28
global pandemic where everybody is
9:30
scraping for money the people who got
9:33
money increase their money well people
9:35
know how to play the game a little bit
9:36
different well you know I I want to add
9:38
something if you don't mind yeah yeah
9:39
because he and I are so aligned in a lot
9:42
of fronts I spoke at a church that's one
9:45
go about our systemic our
9:47
intergenerational trauma that we've
9:48
experienced since slavery right because
9:50
in the from the 1600s to 1865 we were
9:53
wealth right and then we moved on to to
9:56
sharecropping to Jim we never had an
9:58
opportunity to understand as a community
10:00
what wealth is and how to build wealth
10:02
the sad reality is if you look at adults
10:05
who have experienced childhood trauma
10:07
they suffer from four things number one
10:08
cognitive issues they suffer from issues
10:11
of self-worth they suffer from issues
10:14
with family relationships and chronic
10:17
health issues the four things that we
10:19
suffer from one of the challenges that
10:21
might sound controversial is the fact
10:23
that our response to that trauma has
10:26
resulted in fear it has resulted in uh
10:29
and and trust issues of our fellow
10:32
brother it's resulted in uh confusion
10:35
because the way the church taught us
10:37
about money and about how we're you know
10:39
make us guilty to to build wealth and
10:41
become wealthy and that confusion gets
10:43
exacerated through our culture through
10:45
music social media and every aspects of
10:47
our life kind of keeping us right where
10:49
we are yeah so the sad reality is that
10:51
our our community is confused when it
10:53
comes to money and we have a hard time
10:55
breaking out of that cycle and then
10:57
there's parts of our culture that keeps
10:59
us right in that cycle because hip-hop
11:01
on one one uh from one perspective is
11:05
mad successful billionaires right Jay-Z
11:07
2.5 billion loads of billionaires have
11:09
come from hip-hop loads of billionaires
11:11
have not come from hip-hop well there's
11:13
been one before right and if they're not
11:17
they made millions millions but they're
11:19
the dominant Force these days in our
11:21
culture absolutely but the the sad
11:23
reality is most people can't do it that
11:26
way and that culture kind of drives us
11:28
to consumerism yeah so it kind of It
11:30
kind of creates this kind of confusion
11:32
about what do I do with my money and so
11:35
as a community I do agree that we're
11:37
dealing with trauma and that confusion
11:38
around trauma prevents us from doing the
11:40
right things and having the right
11:41
behaviors around money man man that's
11:43
that that's Cedric Nash right there man
11:45
we got the Wall Street Trapper with us
11:47
Trace I'm gonna come to you in a second
11:48
I want to take a couple of these the
11:49
line have lit up so with all the
11:51
citizens please jump on a quick question
11:54
because we only have so much time so
11:55
they could give a quick answer but we're
11:57
going to give you their information uh
11:59
so you can continue this conversation uh
12:02
this is interesting Dominique in Detroit
12:04
welcome to the show rise and shut up
12:06
Don what's your question
12:09
foreign
12:15
go ahead
12:21
yeah I'll be graduating in the summer
12:23
time but similar to what you're just
12:25
talking about of course but we're in
12:27
those courses if we're doing our work no
12:28
one's teaching us how to like escape
12:30
from the system that is Academia so I
12:32
think that with um my intending
12:34
graduation I'm just really feeling a lot
12:36
of stress a lot of worry about how do I
12:38
transition into the real world how do I
12:40
make something of the skill set that
12:41
I've been doing I don't want to go back
12:43
into like being a professor in Academia
12:44
that's not really like for Fruitful
12:46
fulfilling for me so I can see some tips
12:48
and ideas of how do I make that
12:49
transition effectively
12:52
uh you want to take it first cool so for
12:55
me one first let's just congratulate you
12:56
for what you're going at in life let's
12:58
just congratulations
13:00
we're proud of you for that so what I
13:02
would have said is where you're going
13:04
especially financially it doesn't happen
13:06
overnight right so what happens is we
13:09
gotta and I won't say it but we got to
13:11
start understanding our Behavior with
13:13
money and so one of the things I would
13:14
do is like look at the paycheck that
13:16
you're getting how do you start first
13:18
paying yourself first not for right now
13:20
but how does that paying yourself first
13:22
look to you in three years how does that
13:24
pay yourself first look to you in five
13:26
years and what I mean is so let's just
13:28
take a portion of your paycheck whatever
13:30
you making and saying yo you know what
13:32
I'm gonna invest this now right I'm
13:35
gonna be here I'm gonna invest this now
13:37
so that three years from now five years
13:39
from now two years from now I've
13:41
increased my purchase and Power in life
13:43
so now I'm not so
13:46
needy for the career I'm not so needy
13:49
for the job my thing is always how do
13:52
you buy back some of your time the more
13:54
your time you can buy back that's what
13:56
true Freedom looks like so every day
13:58
every time you get paid every financial
14:00
decision you make I want you to practice
14:02
delayed gratification just a little bit
14:04
for the next couple years practice the
14:05
delayed gratification and then using
14:08
that money to build on what you're
14:09
trying to go at how about the speak of
14:11
my book
14:12
you didn't even read it yet what do you
14:15
say that's a deferred gratification save
14:17
30 30 of your income yeah he says Cedric
14:20
Nash says this in the book why should
14:21
white guys have all the wealth make sure
14:23
you get that done congratulations you're
14:25
a citizen okay in the morning okay we're
14:27
going to go to Marquis in Colorado he's
14:30
uh go ahead Marquees real quick question
14:32
so we can do some quick answers go
14:34
yes yeah thanks for having me can you
14:36
hear me
14:36
yes
14:38
okay so yeah I'm really just kind of
14:40
wondering I've been doing a lot of the
14:42
uh stuff you guys are talking about but
14:44
I'm I'm so desperate to this point where
14:46
I'm kind of the way I do it I you know I
14:48
I sleep in the car I I I I
14:52
um you know I have a good job so I
14:54
I get paid well but I really I'm really
14:56
just trying to get around people who are
14:59
like-minded I guess I've always been a a
15:01
recluse I've always been you know to
15:03
myself okay so what's your question
15:05
Marquis well where would I go to get
15:09
with like-minded people besides just
15:11
getting on the Internet you know like I
15:12
follow Wall Street Trapper I follow the
15:14
other guy you have on I follow 19 keys
15:16
but as far as following them like how do
15:19
you get to where these actually go how
15:21
do you have lunch with these people but
15:22
that's okay here we go
15:24
to Cedric if you go to cedricdash.com
15:27
click take the challenge I give a free
15:29
black wealth growth challenge where
15:31
every other Monday I have a group of
15:33
people that get on the phone and I teach
15:34
them how to literally
15:36
increase their their net worth and my
15:38
goal is by the end of the year their net
15:39
worth will be higher than it was at the
15:41
beginning and it's free I give them
15:42
downloads of Excel spreadsheets they
15:45
track their wealth they update their
15:46
wealth every quarter and we give them
15:48
free mentorship on things they could do
15:50
to increase their net worth and I got a
15:52
group of people that are like-minded so
15:53
there you go there you go all right I'm
15:56
gonna take Danielle who's on the line
15:57
from New York go ahead real quick
15:59
Danielle what's your question every
16:01
quarter turn your radio down
16:04
turn your radio down
16:05
turn your radio down
16:08
no turn your radio down
16:15
girl okay
16:17
listen citizens turn your radio down
16:19
okay
16:21
um and let me see Kim is in Long Island
16:23
Kim go for it
16:25
okay um good morning everybody I'm a
16:28
veteran good morning and I'm on a
16:29
disability you know and it's pretty
16:32
decent but I got six kids left three are
16:34
gone six or less how do I build some
16:37
kind of generational wealth so that I
16:39
know that they're good once you know
16:41
because it's late in life for me
16:44
so let me answer that sweet so so it's 8
16:47
57 right now so I want you to look at
16:50
that sweet it's live what is that you
16:52
see that right the number right here
16:54
there yes sir daily game dance game I
16:56
see that yep let's say 57 I see that
16:58
number cool so this morning we've made 3
17:01
100 this morning probably within an hour
17:04
or something I ain't did nothing I ain't
17:06
go to work I ain't clocking I got
17:07
prepared to come this way so the the
17:09
best thing that you should do right now
17:11
to put them in position and I promise
17:14
you this is you need to learn how to
17:17
invest and trade it may take you a year
17:20
it may take you two years but I promise
17:22
you the two year or two years that you
17:24
will learn this skill set it will change
17:27
your family's generational uh texture
17:30
right what happens is we always we are
17:34
thirsty for the information we are
17:36
thirsty to make a change but we aren't
17:38
equipped with the tools to make the
17:40
change but the difference between now
17:42
and where our four Falls in full mothers
17:45
was it's at our disposal there's so many
17:47
people again like myself like this King
17:49
right here on side of me I know so many
17:51
people we got to get attached to these
17:53
people on this free social media site
17:54
and we got to stop being entertained and
17:57
start being educated right and take that
17:59
year take that year and a half to learn
18:01
that trade learn how to do that and you
18:04
can wake up in the morning and say you
18:05
know what here's a thousand dollars
18:07
here's 500 that I typically didn't have
18:09
to go trade sweat for I promise you when
18:12
you learn that you will create
18:13
generational wealth easier than anybody
18:16
before in your family but luxury Kim and
18:18
the way you can learn it is follow Wall
18:19
Street traffic if you don't already give
18:21
out your information everybody tuned in
18:23
follow this man at
18:25
wallstreetrappler.com on Instagram but
18:27
most important I want you all do a
18:29
two-hour show every Tuesday on Insta on
18:32
YouTube called trapping Tuesdays it's on
18:35
the Wall Street looks like us now
18:36
Network on YouTube also we have the
18:39
podcast out on all podcast platforms and
18:41
what we literally not only give you
18:43
stock market information but for me it's
18:45
deeper than that for me it's helping you
18:47
again heal that Financial trauma so you
18:48
can increase your legacy so you can
18:50
increase your investment decisions so
18:52
you're not scared of the market no more
18:53
so you can embrace the market okay have
18:55
to be I know you got to go to Urban view
18:56
headed over to Urban view for soul food
18:58
Thursday we have recipes and tips for
19:00
your bar your table and of course for
19:02
your soul okay Kim you're a citizen this
19:04
way in the morning good luck to you
19:05
Tracy you had a question yeah I'm loving
19:07
that we are going into all the
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behavioral side Behavioral Science
19:10
that's attached to to finance you know I
19:13
think that there can be Financial trauma
19:15
that leads someone to become addicted to
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wealth building perhaps you know where
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wealth is really important but it's not
19:22
necessarily a medication for all folks
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can be using wealth to hide in
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insecurity and maybe they become hooked
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on just focusing on on their money
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building activities where they neglect
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their family they neglect their own
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mental health we've heard about you know
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there's been billionaires who have
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committed suicide things of that nature
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what would you guys say in terms of the
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financial therapy for someone who's only
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focus is wealth
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that was me back in the day but you kind
19:57
of have balance man you know it's you
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know after you get to a certain point
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you realize that money is not going to
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make you happier it's really the
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connections that you have with people
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the long-standing you know because you
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can't take it with you yeah I don't care
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who you are Robert Smith ain't taking
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his five billion or six billion with him
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you know it's really about those
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connections that you have with people
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that's where the value comes but you do
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need a certain amount of wealth to kind
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of creature put yourself in a state of
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freedom and I'm talking my book about
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you know what's your wealth purpose
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right and I talked about these different
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seven purposes and mine is really
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contribution and freedom some people
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it's significant they want more more
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wealth because they want people to uh
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you know to know them and other people
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want it for power and control like that
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Donald Trump kind of yeah kind of wealth
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but you know those things don't fulfill
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you it's really contribution and family
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and connections that brings the most
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happiness so I'll add a little bit to it
20:43
so I'm I'm in a stage right now while
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I'm addicted to I'm addicted to what
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because I'm also addicted to the freedom
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I'm a addicted to putting my people in a
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situation to be free but what helps me
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and 100 is and it's easy for somebody
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who's become wealthy who's who've
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attained money to say money isn't
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everything I get it but what happens is
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I give a lot yeah so that's like I give
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a lot like I I went to New Orleans where
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I'm from thirty thousand dollars for
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toys third twenty thousand dollars in
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giving single mothers money to pay for
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their bills so I give a lot and so for
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me that's purpose work so that's what
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helps me balance when I'm able to give
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it takes the edge off that I'm gaining
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you know what I'm saying so being able
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to give help me great point
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you two like you write about giving back
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in your book as well whether it's
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churches or organizations the whole nine
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now let's talk about the uh the Dow and
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the SB 500 right so when you invest in
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those funds right yeah is there such
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thing as a social responsibility
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investment because some of the companies
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that are in there companies who might
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make guns yeah you know that companies
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that are destroying the environment
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um oil companies you know that you know
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that just companies that kind of do
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things that aren't you might not think
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are ethically aligned with your values
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is there such thing right invest in
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prison so if there's a an ethical sense
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to how you invest do you consider that
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hell yeah so for me I always I call it
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moral investing moral investing yeah so
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for me I only invest in
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companies that at least align with what
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I'm talking about or don't destroy so
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for me and I don't care I will never
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invest in Johnson and Johnson okay
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because they're on record for giving
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people cancer okay it's on record it's
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just about products yeah through the
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talking powder right so even though they
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just split the company up three ways
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that's what they can try to disattack
22:39
but I'll never tell like even on my show
22:40
I'm like yo I'm not never invest in that
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also private prisons I did 10 years in
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prison yeah I would never invest in the
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prison system never invest in a company
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and I'm gonna be real I'll I'll meet
22:51
personally I wouldn't invest I won't
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invest in Walmart because I remember
22:54
there was a time while Walmart played a
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pivotal role in putting guns in our
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community you know what I'm saying so
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it's companies like that I'm gonna just
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stay away from now I can't tell you what
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to do but for me if those companies
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don't align or I can verbally or
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visually see what's going on like nah
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I'm good on that because I can't make
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money off of the destruction so yeah
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what about you Cedric yeah me you know I
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do have a moral Compass about where I
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invest and what I invest in you know but
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for the most part my objective investing
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is to make money and if I want to do
23:27
good I write a check so my whole point
23:29
is that I do write checks to Charities
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and organizations that are making
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specific change or differences in the
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community but in terms of investing I
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mean you know unlike Trapper I'm I do
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like Johnson Johnson
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it's a great company but I do you know
23:43
all these companies have a path yep
23:46
every last one of them I mean New York
23:47
Life is a sponsor of my vet yeah you
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know they start out they start making
23:51
money on writing insurance policies on
23:53
slaves yeah yeah so so yeah so I think
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we need to bring that to their attention
23:58
um but our main objective of investing
24:00
is to make a return and to build our
24:02
wealth and we can do good and do well at
24:05
the same time okay trade Traders or
24:07
investors what's the difference trading
24:10
versus investing
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um so for trading you are physically
24:14
playing the short-term emotional trends
24:18
of a company me and SO trading is more
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so looking at the emotion of the market
24:23
because emotions make the market go up
24:25
and down not so much data but emotion SO
24:28
trading your capitalizing off uh I would
24:30
like to say a mood swing of the market
24:33
investing which is what I love is me
24:36
saying I want to buy a great company and
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I want to hold this company for a
24:39
certain period of time so I have a long
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term maybe 10 years or more I have a
24:44
short term three to five and then I mean
24:46
a midterm then I have a short term so
24:48
what I just showed you just now was a
24:50
combination of a short and a tree at the
24:52
same time so I think you should be
24:55
Diversified and setting goals for
24:57
yourself and then you can dominate the
24:59
market based on what you see is going on
25:02
SO trading investing is a skill that
25:04
everyone should learn not just one okay
25:06
if I was a blind man I would think that
25:08
me and the Trapper were twins
25:10
love it I'm serious because our thinking
25:13
is so much aligned in that I'm I'm a
25:15
long-term investor I mean I've invested
25:17
since 1993. hold some of the same
25:19
companies I just keep pouring my I
25:21
invest every month I just keep putting
25:22
money into the market but I also invest
25:24
a lot in real estate and some
25:26
construction stuff and I have my I.T
25:27
company but uh yo my IT company I didn't
25:30
know if it was going to last 24 years so
25:32
I was putting money in real estate in
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Jersey City before Jersey City got hot
25:35
you know back in the day so I just I
25:37
just love investing I just want my
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community to be fired up about it
25:40
because that's what's going to make them
25:41
Rich what do you guys think about
25:43
um there's a lot of people who do what
25:45
you do online on social media uh I'll
25:49
call them makeshift advisors you know
25:51
and you know I'll call you talk about
25:53
real estate but I see people on on
25:56
social media that says real estate isn't
25:58
where to go you know how do people
26:00
differentiate what's real from what's
26:03
not like how what advice would you give
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them so for me I always said who can
26:07
give you the most information without
26:08
charging you
26:09
okay whoever give you the most
26:11
information so for me again one every
26:15
Tuesday trapping Tuesdays on YouTube
26:17
there you go I literally show people two
26:19
portfolios yo the first portfolio is
26:22
buying whole and let me just say this
26:23
last year the market was down
26:25
Seventeen percent thirteen percent on on
26:28
the S P third uh 33 on a NASDAQ last
26:34
year we beat the market by 17 percent
26:37
and I showed people every day yo this is
26:39
what I'm doing this and then I showed
26:42
them the trading account I said yo
26:43
here's some of the L's I take here's
26:45
some of the wins I took we ended the
26:47
year trading uh 150 000 to the good we
26:50
ended the year on a on a long-term
26:52
portfolio up 17 90 of Wall Street failed
26:56
the market last year this year we up 13
26:59
the market is only up eight percent so
27:01
who can give you information
27:04
fluidly and on the regular without
27:06
charging you for it okay I swear we're
27:09
in deep agreement my whole point is like
27:10
you know did the person already make
27:12
money and they want to share people
27:13
share with people are they making their
27:15
money by sharing people sharing with
27:17
people yeah so I do what I do for free
27:19
too because I want our community to to
27:20
be to have authentic information and not
27:22
be concerned about conflicts okay
27:24
Danielle was on the line Danielle you
27:26
ready
27:29
Danielle's still not ready man okay let
27:32
me go Maisha in Pennsylvania real quick
27:35
I'm gonna let you be the last caller go
27:36
ahead
27:37
all right I'm a first year um business
27:39
owner for mobile phlebotomy I'm trying
27:42
to learn how to become untoxic with my
27:45
business and personal life so how can I
27:47
become untoxic in this year
27:52
how do I become untoxic here that is so
27:55
good
27:56
I think first we identified a toxic
27:58
relation the toxic habits that's the
28:00
first thing and then work hard on doing
28:04
the opposite right so for me one of the
28:07
toxic things I had was I was an Impulse
28:10
suspender so let me tell you what I
28:12
started doing so I said okay trap like
28:14
we are impulses sin because I come from
28:17
the drug culture so because I understood
28:19
that the most value of my money I didn't
28:21
value putting it in the bank I didn't
28:22
value doing I was like yo I gotta spend
28:24
it so what I started doing was before I
28:26
impulse suspend I would impulsive invest
28:29
ah so I would I was still spending the
28:31
money I like that but I would I would
28:33
scratch the itch by putting the money in
28:35
my brokerage account yeah so that I've
28:36
scratched it is I've released the dope
28:38
for me and I'm going by my business so
28:41
again I love Louis Vuitton I love lvmh I
28:45
love Fendi as a dope boy growing up
28:47
getting I was like all right so instead
28:49
of me keep going to Saks buying that let
28:51
me go via lvmuy and I've been buying
28:54
that since 2000 and maybe 17 exactly you
28:57
know what I'm saying so now every time I
28:59
see my homies when Infinity I'm like yep
29:00
you made me some money every time I see
29:02
my homies drinking the Hennessy yup you
29:04
made me some money I see everybody
29:05
wearing a Givenchy to us oh yep you made
29:07
me some money Louis Vuitton yep you like
29:09
the big logo yep you made me some money
29:11
so I just reversed it to myself and I
29:14
reverse engineered how I saw my money so
29:15
that was how I changed my toxic
29:18
relationship now Louis Vuitton is the
29:20
first company in Europe to be 500 500
29:22
billion Bernard or no the guy who owns
29:25
Louis Vuitton with Hennessy and Symphony
29:26
he's the richest man in the world so
29:28
guess what that mean to me my stock
29:30
booming yeah my stock booming man you
29:33
hear that go ahead
29:35
in my book I have this thing I call your
29:37
millionaire money moves master plan and
29:39
then that master plan you plan
29:41
everything from your earning you're
29:42
saving what you pay what you invest and
29:44
also what you reward and what you give
29:46
and so in my process is that you don't
29:49
reward yourself until you achieve
29:51
certain goals so me and Trapper are
29:53
wearing the same Rolex watch although
29:55
his has more diamonds oh man
30:00
the funny part is is that I got mine
30:03
after my company hit 20 million in
30:05
Revenue so I set these goals and the
30:07
whole point is as an entrepreneur you
30:09
have to set goals when you hit those
30:10
goals then you reward yourself and you
30:12
go back to working again
30:38
let me say this uh Wall Street Trapper
30:41
showed me uh oh how much money he
30:44
had made so far today since the day
30:47
started at one point can I say the money
30:48
that were you with the daily game go
30:50
ahead man the daily game when he first
30:52
came on was at about 3 100 right and now
30:56
it's at 3 800 and he just showed me this
30:59
20 minutes ago it's a fact so he just
31:01
made about uh 700 and more or more how
31:04
much more yeah more and it's steadily
31:07
growing yeah so you know if you're with
31:09
the right people Maisha you're getting
31:10
the right information there's no reason
31:12
why this couldn't be you yeah and so I
31:14
want to thank my issue you're a citizen
31:16
by the way hit her up in a moment okay
31:18
uh all right Robert in Detroit Demetrius
31:21
um in Michigan Georgia New York
31:23
Cassandra in Boston
31:25
um all the left callers please hit these
31:27
guys up directly by Cedric Nash's book
31:30
why should white guys have all the
31:31
wealth how you can become a millionaire
31:33
starting from the bottom go online and
31:35
get that book now or you can follow him
31:37
at Cedric nash.com or at millionaire
31:40
money moves okay and in the Wall Street
31:42
trapping man brother I'm glad we found
31:44
your brothers
31:45
the honor is mine I see all the work you
31:48
do all the different platforms man I
31:51
just commend you this is to me with this
31:53
mic is meant for this is what these
31:55
cameras have always yeah this has always
31:57
been a line to what I personally uh my
31:59
purpose has been entertainment has been
32:01
for these moments and now we got all
32:03
these out outlets and we could just
32:05
share and hopefully that can help
32:07
eradicate this wealth Gap that we have
32:09
in this country when it comes to the
32:11
biggest consumers and the biggest
32:13
Spenders of demographic in this country
32:15
which is us you know huge okay
32:19
um I did well during the pandemic me and
32:21
my partner King Tech we felt guilty how
32:23
well we did during the for a moment
32:25
right you know and so and lvmh said well
32:28
during the past yeah right so we could
32:30
all adapt this mindset is what these
32:33
gentlemen have been pushing if you want
32:35
to reach the Wall Street Trapper you can
32:37
do it directly at Instagram wall
32:40
underscore Street underscore Trapper
32:42
YouTube Wall Street looks like us and
32:44
our Network every Tuesday we do a free
32:47
two-hour show live it's not pre-recorded
32:49
it's live and we on all podcast
32:52
platforms and sway you in the team man I
32:55
just want y'all to know that y'all have
32:56
been a staple to the community yes and
32:59
just pushing game and so I it's an honor
33:01
for me I know it's an honor for this
33:03
King and I won't say that more platforms
33:06
that have our ear
33:08
need to be doing this you need to be
33:11
reaching out to people like yo we've
33:13
been entertaining our people long enough
33:14
we are in a recession and we will be
33:17
here for a while the dollar is losing
33:19
value people who will be impacted the
33:22
most is the people at the bottom I
33:24
promise you the people talking about
33:25
cutting off Social Security and they
33:27
have to be not cutting it off but
33:29
cutting it down cutting it down because
33:31
we're in a 31 trillion dollar deficit
33:35
they are struggling to pay 80 billion
33:37
dollars this year and another 800
33:39
billion over the next 10 years the
33:41
people at the bottom will be affected
33:43
the most and if you don't know how to
33:45
move your money around if you don't know
33:46
how to change your money around you will
33:48
be anchored to poverty and not just you
33:50
generationally so there's platforms that
33:53
truly need to put people genuine people
33:55
who don't want to harm the people who
33:57
want to help the people you need to get
33:59
it's your duty once you get behind this
34:01
microphone and say I want to be a voice
34:03
of this culture it is your duty to help
34:06
your people and I won't say that my man
34:08
Wall Street trap but we appreciate you
34:10
man you talk about that dollar we got to
34:13
have y'all come back I'm gonna I'm
34:14
rolling into Lord serious time I did it
34:16
yesterday too I know he was pissed
34:18
um but you know it's a lot of movement
34:20
that's happening around the world
34:22
um uh and that's affected and impacting
34:24
the dollar uh and at some point I'd love
34:26
to have you back up yeah all right thank
34:29
you for coming up man Cedric Nash love
34:31
you brother appreciate you man I'll tell
34:32
Frank my Uncle Frank that we did this
34:34
I'm gonna call him when I leave you
34:35
better do that okay Wall Street trapping
34:37
man bro you're amazing man okay uh we
34:41
want to thank y'all for tuning in
34:43
thank you
34:47
[Music]
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