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Dec. 12, 2023 - Stew Peters Show
45:58
Scriptures And Wallstreet: Mark Yegge, Create an Income From Stock Trading
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Thank you.
Thank you.
Hey, guys.
Welcome to another episode of Scriptures in Wall Street.
I'm your host, Carlos Cortez.
As you guys know, I promised you that I would bring an awesome guest the next episode.
And here we are.
This handsome man, Mark Yagi.
And we're going to talk about what his platform is, why I'm bringing him on, what is going on here.
We...
Mark, we just had a podcast, just had a discussion last, the last podcast, Visa, MasterCard, Amex, tracking and tracing and trying to control what is actually going on with your spending.
And so here, we have Visa, MasterCard, Amex saying they're going to stop basically trading Creating a transaction on your gun purchases.
We saw this with Bank of America last year, where Bank of America alerted the FBI and created a basic proprietary list to send to them of all the gun owners.
And as a conservative, you and I know that you don't mess with our guns, baby.
That's one thing you don't mess with is with our guns.
So we were just talking about that, but Switching gears this episode, I really just want to focus on who are you?
Why are you here?
And I want to give you the floor here in a second.
But the reason why I brought Mark in is because we've gotten a lot of clients that are interested in trading, that are interested in making an income from home.
And as you guys know, with COVID and the pandemic, we had a lot of resets, right?
We had a lot of resets on the way you commerce, the way you go to work, the way you go to stores, and obviously the way you start businesses and how you generate an income.
Most people started working from home.
But more importantly, I used to say, Mark, as a financial advisor, I would say, hey, it's not like I'm working out of my basement or something.
I work for a big company.
And now I wish I had a basement here in Florida.
And that is okay.
That's acceptable now.
So today is special.
I'm actually wearing pants.
Usually when I do these podcasts, I'm wearing shorts and flip-flops because it's Florida.
But I'm actually suited up today.
I got suited up for you, Mark.
Yeah.
Basically, what I'm getting at is I don't trust a lot of work-from-home opportunities.
I don't trust a lot of these salesmen that charge you a fee to join a trading course.
So when you go on Facebook or Instagram or True Social or Twitter X, you're seeing all these ads.
Hey, make $500 a day.
Make $2,000 a day.
Make 15 minutes a day.
The problem with that is some of that is true.
You can do that, and you're going to explain that to us.
But the other problem is you have to change your whole lifestyle just to meet that particular strategy.
And it's like the Cinderella.
You're trying to put the shoe...
On everyone.
It's one size and everybody has a different size foot and that doesn't work.
And I've been a sucker for that.
And so we get a lot of calls like, hey, I want to trade my own accounts.
And do you do your own trading?
And personally, I do my own trading.
I have asset managers that help out with retirement planning.
So we want to make sure that trading is completely different from retirement planning.
Those are two different bad boys that we want to kind of just compartmentalize.
But today, particularly, we got the expert here.
I'm not the expert in this, but we do have an expert here just on trading and generating the income.
So Mark, tell me what's your story, man, and what brought you to the show?
Well, that's quite a setup, Carlos.
One of the things I love about your show is that you jump right into stuff.
You started us right off the bat with the MasterCard, Visa, and all that stuff.
And you know what?
The corporate giants will never go...
Far enough to limit your speech, to limit your rights.
Like, we could just go back to the trucker convoy in Canada, and how if you were just protesting for what your rights were in Canada, they just not only crushed you in your occupation, but people that supported you, they shut off your accounts.
They went after you.
They defunded the GoFundMe campaigns.
So, you know, people don't see this coming yet, but it's coming, and you're starting to see it.
Visa, MasterCard, you're starting to see some woke corporations like Disney pulling advertising from certain platforms that they don't like.
There's a lot of that kind of stuff going on, and that is against the fiduciary responsibility that corporations have to their customers.
They're eliminating at least half of their clientele.
That sounds like a fiduciary responsibility for me.
To me.
So let's leave that one aside because, you know, we could talk about that one for an hour.
Yeah.
Yeah.
And, you know, thanks for dressing up, but you don't need to dress up with me.
I'm just going to talk like it's, you know, it's real, like you're my brother, but you are.
But there is so much myths on Wall Street.
We could talk about making money and trading and all that kind of stuff, but I really want to kind of educate people that listen.
And I know that's part of what your goal is, and we need more people like you out there doing it.
The whole thing like any any kind of institution that you have been taught about you need to kind of just question because wall street is not what you think right wall street is not a bunch of guys like kramer going buy buy buy and you gotta he's an entertainer like he's great but he's great like he's like watching a stand-up comedian on stocks right right so he's don't get your financial advice from the guy he's wrong about 71 of the time the statistics have shown and if i'm wrong on that Prove it to me,
but that's what the statistics I read were.
If you buy when he says to buy, and to his credit, he says, don't buy anything, wait three days, but most people don't know that rule.
They're getting entertained by Kramer, and he's a great entertainer.
Look at him as that.
He's selling ads.
He's not doing financial advice.
He doesn't care about you.
He doesn't care.
So that's part of the media, right?
They're selling advertising.
And so is all of this show that's going on.
This is all a show, right?
From, you know, from the political stuff and all this Taylor Swift stuff going on.
And, you know, all of this is a show.
And we're just the audience.
And sometimes we play a role in the show.
So listen, you know, I had a career on Wall Street.
I've been a financial guy since I was 12.
When I was a kid, I would mow yards and clean pools in my neighborhood, and my dad taught me that, you know, working hard was the key to success.
And then one day I saw him, like, he had this old Wall Street Journal, and he was reading it, and I was watching him circle stuff in the paper.
And I'm like, what are you doing, Dad?
And he goes, I'm doing the stock market.
And I was curious, like, what's that?
So he started teaching me about the stock market.
And then when, I don't know, I was like 13 or 14 years old, I invested 300 bucks Into a company called Aileen, which was this little stock.
They had retail stores in the malls, and I'd never heard of them.
And it fit all my criteria.
Low PE, it had some earnings, blah, blah, whatever.
So I bought this 100 shares at $3, and I turned my $300 into $600.
Right?
And I was like, wow, I doubled my money.
And that's like hitting the drive down the middle when you play golf.
You're like thinking you're a great golfer and then your next shots go in the woods, right?
Your next nine shots.
Shank.
Shank, right?
So I got the bug because then I invested in this company called Allegheny Airlines that was turning its name into U.S. Air.
And I was like, oh, that's $17 a share.
That's expensive.
And I bought that and it went from $17 to $35.
And I doubled it again.
And then my dad taught me how to short.
And so I shorted a stock and I made money again.
And I bought my first car with all the money that I made.
So I was hooked when I was a kid.
And that started off this whole thing.
And then I had a Wall Street company.
I was a financial planner.
I was a broker.
I had all the licenses and sold all the stuff.
Sorry to hear that.
Yeah, me too.
I mean, it was a great experience.
But you know what I learned, Carlos?
What I learned is that it's all a show.
This theme keeps popping up.
It's all a show.
And what's the show?
Well, the show is that Wall Street programs us, just like all of our society programs us.
Go spend money, go into debt, be a good boy, get a good job, have a nice family, and everything is going to be perfect.
But at the end of the day, it's all just a way of controlling.
And so Wall Street says things that they have a bunch of myths.
So I'll talk about a couple of myths if I can.
Can I talk about some myths?
Absolutely.
Bring it on, brother.
Right.
So the first myth is that you got to save your money.
Why did they tell you to save your money?
You're never going to save your way to wealth.
We all know that, right?
But saving is important.
But they want to hold on to your money.
So the banks want to hold it so they can lend it out nine, ten times or more, right?
So they can make way, way more money.
Because that's how you create slavery is you create debt, right?
Try quitting your job.
Try not making your property tax payments.
Try not paying your taxes.
It's all a debt-based, slavery-based system based on fiat, which is where this all goes back to.
All right, so saving, you're never going to be successful saving, so you've got to save to invest.
Well, that keeps the money in the system, too.
And then they tell you, diversify.
And they say, well, diversification is, I don't know if Kramer says this, is the free lunch of Wall Street.
He says something like that.
And the problem is, and Warren Buffett says, you know, you should buy good mutual funds.
Warren Buffett doesn't buy mutual funds.
Why is he telling you to buy mutual funds?
You know, Warren Buffett's got more than 50% of his fund, which has been around for like 60 years, in Apple.
So he's the opposite of diversification.
He's a concentrator, which I agree with.
You should concentrate within asset classes and diversify among asset classes.
So own some real estate, own some gold, own some Bitcoin, own stocks, own maybe bonds, although I wouldn't touch bonds these days.
Right.
Own some of that stuff.
But inside those categories, you've got to be an expert.
You've got to be really good.
If you're going to own some business, be really good at that.
If you're going to own some real estate, don't own a strip mall and a couple of single-family houses and a big apartment.
Be really good at self-storage, for example.
Go really deep in it.
Then you know the numbers.
You know the business.
So I'm a big believer in going deep into a category.
So, you know, I've got a couple of hedge funds that I run.
We're primarily in Tesla.
Like, it's a big investment for us.
We don't have 500 stocks.
I can't watch 500 Stocks news, their earnings reports, their dividend dates.
It's too much for one individual.
So that's the second.
The third one is that you've got to invest in things that are safe, right?
But what is safe?
Sometimes the most safe things that they tell us are safe are the most unsafe things.
Try being an investor in bonds a couple of years ago.
Today you've lost 50% of your money in the safest investment backed by the U.S. government.
50% on the safest investment.
Because interest rates went up and when interest rates go up, the price of bonds go down.
I know.
Bond market was down 28% last year.
In one year, the most safe thing that you could have, quote unquote.
Grandma lost her money, man.
Grandma lost her money.
She did.
And, you know, people like my dad, God rest his soul now, you know, they were sold a bill of goods.
That generation was sold.
Listen, you save your money, and then when you become a millionaire, you got a million dollars, and then you retire, and you'll get $80,000 a year.
That's 8%.
Well, that wasn't the case for the last 20 years.
Interest rates were 1%, 2%.
So you couldn't live on it.
So you had to speculate in the stock market.
And if you didn't know what you're doing, you got your clock cleaned a little bit.
Yes, sir.
Wall Street is run by two factions.
It's run by salespeople and I believe that salespeople make the world go around so I got nothing against the salespeople because they are awesome.
The problem is salespeople are the people that are usually handling your portfolio.
So they're selling you into something and then they're just giving your money over to asset managers or they're trying to allocate your portfolio and they have no business.
And the salespeople get you to get assets under management so you can get paid a percentage of it if you collect those.
Then what do you do when you get the money?
Well, you got to make sure that the customer doesn't lose the money.
Not that they make money, but they don't lose the money.
How do they do that?
They put you into really diversified average or below average assets.
Okay?
They tell you don't take risks.
They do things like suitability.
So they make sure that you don't take big risks.
You over-diversify.
And when you over-diversify, not only do you get average returns, but then you have to pay those people that are running your money.
And so the whole thing is run by salespeople and lawyers, and they don't have your interests in mind.
They have their interests in mind.
Nothing wrong with all that.
It's just that you need to know that.
So I don't know if I'm answering your question or not, but I needed to lay that foundation because that's where I come from.
I had a Wall Street company.
I sat across the table from these people.
I looked at the lies that they told everybody, and I saw it.
I'm like, this is not right.
And so today, you know, I kind of teach people a little bit of that, you know, a little bit about some other stuff about how to make income from the market.
Yeah.
No, I'm so glad you brought that up because there are a bunch of salesmen in my shoes and most financial advisors are salesmen.
You can just simply look at their licenses.
If they don't have a fiduciary license and they're a former stock or they're a broker like how I was, Yeah, it is about production.
And when you're going in UBS, when you're Ameriprise, Edward Jones, Merrill Lynch, Morgan Stanley, the list goes on, AXA. It is about how much commissions can you generate.
For the public-traded firm.
And it's about the shareholders.
So I learned this the hard way when I was 24 years old.
I was actually sitting down with a young couple.
I was young, so getting younger clients made sense.
I didn't have any gray hairs.
I didn't have these wings that I shave off now.
You know, and you're so right.
You're so daggone spot on right.
And guys, you really need to really, really take this in because this is scriptures and Wall Street's finance.
This is 100% truth.
I got in trouble, Mark.
I remember, I'm not recommending this fund, but there is this one fund that my company fabricated and made up.
It was manufactured by this company.
I can't say the name.
Yeah.
And there was another...
For instance, there was a Franklin Templeton fund that I liked at the time.
It's been out since 1948.
The client wanted income.
It just didn't...
Charles Johnson was a money manager for 40-something years.
I mean, it made sense.
It was cheaper for the client.
I got in trouble for recommending that fund.
I got called to the principal's office.
And the guy was like, the manager at the time, who was younger than me, who I wanted to knock his teeth out, literally said, why in a bleep, bleep, bleep did you offer Franklin Templeton when you should have offered our in-house mutual fund?
I said, well, the performance is not there.
And it's cheaper for the client.
And he's like, no, Carlos, we have to make money for our shareholders.
97% of our revenue comes from our in-house products.
When you don't sell or write these products, you are hurting the firm.
Dude, it was like six months later.
That's all I needed to hear.
I got big ears.
I can hear loud and clear.
Six months later, I created Cortez Wealth.
And that was in April 2011.
Yes, is there sales in my organization?
Absolutely.
But we are consultants.
We have to do what's right for the people involved.
We answer to a bigger calling than just a client.
We have to answer to ourselves and God.
We want to make sure that we are promoting the truth.
That's why I don't really take on sponsors on this show because I don't want people to think that I'm getting paid to promote them.
Full disclosure here, Mark and I are bartering, basically helping each other out because he has something so powerful that I think you guys need to know about.
And I'm willing to invest my time, my energy, my resources to help what he's doing out because I really believe what he's doing is I am a big fan of conservative entrepreneurs, especially.
He won my heart over that he is from Wall Street, like he is in my industry, was from my industry, and knows the ins and outs of it.
So that's the beautiful thing about this, Mark, is that you get it, man.
And I'm sorry, I'll let you talk, but go ahead and continue what you're saying in regards to Wall Street and the myths.
I know you were on a roll there, so go ahead.
No, it's fine.
Whatever you want to talk about is great.
And by the way, you know, thanks for having me on and talking about this because we don't get to hear this very often.
We only hear the one narrative, right?
And it's shows like yours that are, you know, a little bit off the beaten path, unfortunately, that were not accepted by mainstream media.
And, you know, unfortunately, some of these crazy conspiracy theories that were crazy conspiracy theories are starting to be crazy truth theories.
You know, over the last few years, some of the stuff that we've been told.
And so we got it.
You've got to do your own research.
I know that was a problem.
Like people told me about the whole, I don't know if I could say the word on the show, but the vaccine thing.
And they were like, you're doing your own research and you're, you know, you're not a scientist.
And I'm like, yeah, well, you know what?
500 years ago, the scientists were, you know, barbers and they were letting blood out of people's arms.
So, you know, should we still be listening to the scientists?
You can't say the word vaccine on YouTube.
You can't say it on YouTube because it's COVID misinformation.
Exactly.
But you can say it on the scriptures on Wall Street and whoever wants to allow us to call it what it is, the jab, the desk dot, then we'll be on that platform.
So you speak freely, man.
Yeah, well, unfortunately, they've made us afraid to speak freely.
They've done their job.
The censorship is there.
And I'm afraid to say what I kind of think.
We can go really deep on what I really think or what is something that you should look into.
But anyway, let's stick to the financial business.
So the financial business to me is, listen, I've owned a lot of real estate in my life, and I don't like real estate.
From a perspective of an investment.
Because to me, real estate is basically an inflation hedge.
You know, you can look at gold as an inflation hedge because gold doesn't give you any income.
Real estate is a very similar thing in the fact that it preserves capital.
But it does have an income component.
As well.
But that's the important part for me is the income component.
So I'm a Bitcoin guy.
I'm a gold guy.
More of a Bitcoin guy these days.
But those two don't give you income.
So what do you do when you want to replace your income?
Because we're part of a debt slavery system where we have to go get a job.
And go to work so that we can make our payments, so we can go consume, so we can buy a car and get into debt, buy a house and get a debt and keep making bigger and bigger payments.
Terrible.
And that's all part of this snowballing system that we have a lot of trouble getting out of once we get into it.
Student debt is a part of that, consumer debt, housing debt, all those kinds of things.
So if you don't figure out a way to become financially free, and you're a young guy, you're figuring out a way to become financially free, and why do we wait till we're 65 to 70 to become financially free?
Now is the time to do it.
Yeah.
So I don't know if your audience knows, but I live about six, seven months around the world.
I'm in Thailand today.
And, you know, just came back from Dubai and I'm just going east, right?
And I work from wherever I am because I've made the choice to become financially free, to figure out ways, and there's lots of ways to become financially free.
And you just have to make a choice.
So that's the first step.
And the second step is, okay, easy for you to say, Mr.
Bald Guy, but what is it that can get you that financial freedom?
Well, it's income.
So whatever it is, I've got a good friend of mine that makes a lot of income from real estate.
He's got some apartments and they throw off passive income and he travels the world kind of like I do.
That's one way.
Having a business, an Amazon business, a dropshipping business.
If you open your mind to it, there's millions of ways.
And I teach one of them.
One of the ways that we talk about is something called the cash flow machine.
Because I believe so heavily in the prospect of having cash flow.
But you can do cash flow like you do in real estate.
We can just do it in the stock market.
And it considered a very conservative strategy called covered call writing.
And the difference between what we do and I think what other people do, and I've never seen a program like ours, is we go, instead of going a mile wide and an inch deep, we go an inch wide and a mile deep.
So we go really deep on one strategy.
We go really heavy on covered calls, which is buying a stock.
So you buy a company that you own, and you give some gambler on the other side the right to buy that stock from you.
So he pays you.
When he pays you, it's like collecting rent.
So you give him the right to buy your stock anytime before a certain date, and in exchange for that, you get money.
And it's 100% risk-free because you own the stock.
You own the stock.
I mean, there's risk to everything.
It's just the risks are minimized because, let's say, let's cut to the chase and give some examples because a lot of left-brained people out there want to hear some numbers.
So let's just make up an imaginary company called XYZ Company at $100.
So you own this company at $100.
You give some gambler on the other side that's willing to pay $2 because he thinks XYZ is going to go up $10 this next month.
So he's willing to give you $2 for the right to buy your stock at $100.
You're like, okay, well, the stock's at $100.
I got nothing to lose.
So you collect his $2.
What does that do for you?
It lowers your cost basis to $98.
So now you're in the stock at not 100, but now you're in the stock at 98.
If he takes it from you at 100 over the next month, you just made 2%.
A little bit more than that, actually.
And so that 2% in a month is basically 24% in a year.
Well, that's a lot better than most people do in their investments.
Most people get 6%, 7%, 8%.
And so what we do is we're on the other side of the table from the gambler.
We're like the house.
So if you go into Las Vegas, which by the way, if you want to be a stock trader, Don't do that.
Go to Las Vegas.
It's a lot more fun, right?
If you want to be a stock investor for income, it's a really boring strategy.
I was telling Carlos this.
It's boring.
To make money every week is really boring.
It's predictable.
You can program how much income you want to make.
The stock is going to fluctuate, but you're going to be making that income every week, and it's really boring.
But if you want to have fun, you can trade, and you'll lose a lot of your money probably over time.
Or you can go to Vegas and get free drinks or whatever they give you in Las Vegas.
But the key is, if you want to be financially free, you've got to figure out a way to replace your income with passive income, or I call it semi-passive income because I don't think there is any real true passive income unless you pay a lot of money for it.
So we create a system that helps people understand how you buy the stock, what kind of stock to buy, because we call it the four cornerstones.
Of the cash flow machine.
It's got to be the right stock.
You can't just buy any stock.
Because if you buy any stock, I've seen people get hammered, including me.
So you've got to buy the right stock in the right market.
Not every market is right, right?
70% of a stock's performance comes from the direction of the market.
Because it's a market of stocks, a stock market.
So you've got to be in the right market.
It's like a tailwind when you've got the right market.
It's a lot more fun.
At the right spot on the chart, because not every spot on the chart is the right time to buy.
Sometimes the stock is going down, even if the market's going up.
You've got to be able to find that spot on the chart where you have the highest probability.
And then we do what's called collecting the rent or squeezing the juice out of the stock, which is that income component that we talked about a few minutes ago.
Make sense?
It does.
I want to kind of like break it down because to me, I know this strategy.
I don't want to say very well, but I'm familiar with it enough to personally invest in it.
And I am.
So just so you guys know, I'm actually going to be a student of Mark's and I'm going to try it out.
I will be bringing Mark back on, so this is not going to be the only segment with him.
I'm going to be bringing him on several occasions over the next course here in a few months.
Can you just explain what an option is to our listeners?
Absolutely.
First of all, you're going to get really tired of me if you're going through my course, because I'm on-screening a lot of videos.
It's okay.
I got a lot of podcasts.
You'll be tired of me as well, so it's a great fit.
So, an option.
An option is, let's go with the straight-out definition.
It's a right, but not the obligation to do something for somebody by a certain date.
After that certain date, the option expires.
So, for example, I could take these glasses that I have in front of me, and I could say, you know, these glasses are really nice.
Would you like to buy them?
And you go, well, I don't have the $100 that you're going to sell these glasses to me for.
But I can give you a dollar.
And I go, well, you know, Donald Trump's going to wear these glasses on his next speech tomorrow night, and then he's going to sell them for a million dollars.
And you go, well, I don't have the hundred bucks, but I'll give you a dollar to buy those glasses for a hundred bucks, which is what you're willing to sell them because I don't have a hundred bucks, but I'll give you a dollar.
And if it goes to a million dollars, I take my hundred dollar investment or my one dollar investment and I make a million dollars on it.
So I get huge leverage by having the option to buy these glasses.
Kind of like a house, right?
So let's say that you look out your window and your neighbor across the street, let's call him Jim.
He's got a lot for sale.
It's a block.
It's an acre lot.
And he puts a sign out that says, for sale by owner, Jim is selling this lot for $100,000.
And you go, that's kind of cool.
And then you see this guy driving down the street and his name is Bob.
He's driving his old beat up car.
He doesn't have $100,000 to buy Jim's property, but Bob has some inside information, let's say.
Bob hears that, you know, the Trump Organization is going to put this huge resort right next door to Jim's property.
And Jim's property, he knows, Bob, the guy driving down the street, Bob knows that that property is not worth $100,000.
It's worth a million.
So he goes to Jim and knocks on the door and he says, hey, are you willing to sell that property for $100,000?
He goes, yeah, that's what I got it listed for.
Well, I don't have $100,000.
But how about if I give you $10,000 for the right any time in the next six months to buy your property from you for the $100,000?
And Jim goes, wait a minute.
You're going to give me $10,000 to buy my property any time in the next six months for the same price that I'm willing to sell it today?
That's a no-brainer.
I own the company.
And if you don't do it, I keep the $10,000, right?
Yep.
All right.
They shake hands.
They sign a little piece of paper.
Bob hands over to Jim, the seller, $10,000.
Now, what happens?
Well, two things can happen.
Number one, Bob, the guy in the jalopy driving down the street, could have been right.
And all of a sudden, they make the announcement the next day, and the Trump Organization puts this thing up, and that property is worth a million dollars.
He still owns a piece of paper to buy that property for $100,000 and turn around and make 10 times his money.
High risk because he can lose all his $10,000, but also a big reward.
So he's the gambler.
On the other side of the table is Jim.
Jim owns the property and he gets the $10,000.
So his only risk is that something that may happen Happens.
And then he missed out on the million dollars, which he was willing to do anyway.
He was willing to sell the house for $100,000.
So his risk is that he misses the big upside, but he makes the $10,000 in income.
So Jim is the conservative guy.
He's the stock owner, the real estate owner, and Bob is the gambler.
He could lose all his money, but he could make a ton.
And the whole world, the oldest profession we think is something else, but the oldest profession is really the speculator.
It's the gambler.
It's the guy that's willing to take the big risk.
And 80% of the time, statistically, those people lose all their money because they're willing to swing for the fences, but they also strike out a ton.
Right.
So that's why we want to be on the other side of the trade, and we want to...
Own the asset and collect the money against it.
Does that make sense?
Is that a decent explanation of an option?
Great, great explanation.
I just feel a little bad because I'm licensing all these things and I know the listener, the average listener is probably thinking this is way over my head, but I hear you got a system that figures all this out.
I mean, so simple that even stupid-faced Biden could probably trade your system.
Is that true?
Don't get me started there.
Oh, yeah.
Absolutely.
We're getting started.
Yeah.
Absolutely.
It's true.
And, you know, I have a funny story.
When I was a stockbroker and I was just getting started, I was in my late 20s.
And I knew this system because my dad showed me this system when I was a kid.
It was written by a book called Beat the Market.
Yeah, I read that book, seen the movie.
I love it.
It's great.
He got kicked out of Vegas because he figured out mathematically how to beat the tables.
He wrote this book called Beat the Market.
And as a kid, I was like, it was a really boring book, but I was fascinated because my dad was like, see this?
See this?
And that's today what I still do.
And Edward Thorpe, by the way, he's 94 years old.
He's still alive.
He's like amazing shape.
Anyway, so when I was a stockbroker, my brokerage firm like you would say, you've got to sell these in-house products.
You've got to sell this junk to people.
And I'd be like...
But they don't need that.
They need this.
And so I went to them and I actually made a presentation.
I'm like, you guys need to do covered calls.
And they were like, we're not going to make any money on covered calls because that's regularly publicly traded stocks.
It's not our proprietary stuff.
And then we got to sell options and people get confused with options.
It's like, no, no, no.
I'm 29 years old, right?
Yeah, it's not a manual product.
100%.
Yeah, and I'm talking to these 50-year-old guys, and they're like, no, listen, we can't be talking about options.
They're risky.
I'm like, no, no, the other side of the option, if 80% expire worthless, then 20% expire in the profit.
And they're like, yeah, yeah, we're not going to explain that to customers.
So I left, and I started my own firm, just like you did.
Yeah.
And, you know, for 11 years, I ran my own firm.
It was a Wall Street firm, and we ended up selling it to one of the big banks.
But that, to me, told me that Wall Street was against anything that made sense for the customer.
So we teach you, yes, the four cornerstones, right?
How to buy the right stock.
What is the right stock?
We want to find a super stock.
We want to find those ones that you know what they are, the Apples, the Dells, the Microsofts, the Amazons, the GEs from way back, and the GMs from even farther back, and the Starbucks, the ones that are super stocks that you buy for a dollar and turn into a thousand dollars, like Cisco, for example, 25,000% return.
And you can do this strategy on non-woke companies too.
On what?
On non-woke companies.
Yes, exactly.
Exactly.
And hopefully.
And the idea is that you find the stocks that have all those characteristics.
So everything that we do, I can't guarantee you to make money.
I'm not one of those guys.
Look, I don't care if you buy my system.
Just do something that's going to make you some cash flow.
And that's all I'm doing is I'm trying to educate people.
So if you just learn how to do it, then you'll find a way to do it.
But if you'd never learn how to do it, you'll be like, I gotta give up my power and my health like we did over the last three years.
I gotta give up my power and my time like we do when we go to work for somebody, which is fine.
So yeah, we show you how to find the right stock because it's all probabilities.
It's not guarantees.
I just show you how I do it.
And so the right stock has got some certain components to it.
It's got high earnings growth, and we show you how to find that.
It's got High sales growth.
It's got high return on equity.
It's got the right products, really exciting products.
It's got high institutional support.
It's got accumulation.
These kinds of things.
Just little things that you can find by doing a little research.
So that's the first thing.
Because when I go to a party, people are like, oh, you're a stockbroker?
Hey, what do you think about this stock?
Or what do you think about this investment?
And I'm like, okay, that's great.
But that all sounds like you've been told that by...
You know, Wall Street or by CNBC or by Craig.
Right, right.
You got to find your own.
You got to find the thing that you love to be invested in.
That's probably going to be the right investment as long as it's got all the characteristics of those super stocks.
Sure, sure.
I am curious so that the listeners know.
Talk to me about maybe they're a truck driver.
Maybe they just owned a software company.
Maybe they're just a regular nine-to-five person.
Maybe they're a barber.
Maybe they're a janitor.
Talk to me, someone with no financial backing.
An average Joe can walk in here with your program, study up.
How long would that take?
Talk to me about what kind of capital they would need.
Can they paper trade?
Learn this first?
Lead the way with that, if you don't mind.
Sure.
I got a lot of answers to that.
First of all, let me start off by saying this.
This program is not for everybody, right?
If you don't want to do some work in the beginning to get the knowledge so that you can apply it, you want to apply things automatically.
Like, if you're going to play golf, you want all that stuff to be ingrained into you as muscle memory.
You don't want to have to be thinking about it.
So we want to get you to the point where you get to the automatic level.
To get to the automatic level, you got to do some work in the beginning.
And so we have a course that's designed to be about six, eight weeks long.
Some people watch me on double speed and cruise through it and get it all done in a couple of weeks.
But, you know, there's some work.
And there's a process.
And it's a process that builds like anything.
You start with the foundation.
You build on the foundation.
You add in some of the glitz and glamour at the end, right?
But in the beginning, it's that foundation.
So you've got to have that.
So it's not for everybody.
And then let's talk about capital.
So if you have no capital, obviously this is not going to work because you have to have an asset to be able to sell against to make that income.
So the more assets you have, and we like to be very concentrated, like I mentioned before, into one or two investments.
Some of my mentors, my distant mentors, say that you shouldn't be over-diversified, and I believe that.
You should have one or two good investments that you really believe in that are going to give you that income.
But in order to make income, you need assets.
Now, I can't determine, because everybody's different, what those assets are.
But if you have low to no assets, this is not going to work.
And what I don't want you to do is not have enough money to be involved in this program.
Because what will happen is you'll be like, well, I can't afford to buy Tesla at $250 a share.
For 1,000 shares, that's $250,000.
For 100 shares, it's $25,000.
You don't have $25,000, you're going to go, well, let me find a cheap stock.
This is the mistake a lot of people make is they start to sacrifice quality.
And so if you sacrifice quality, if you buy stuff on sale, you're going to get junk.
That's not what this is about.
You want to buy quality.
You want to buy the stuff the institutions are in and supporting because you know that they're not going to want to go out of business and they're not going to want to let the company go out of business.
So they're going to support it.
That's right.
So there's got to be some level where you say, okay, I have enough money.
And, you know, normally I tell people if they got 25,000, that's a good start.
You can do it with less and I've got people doing it with less.
But most of the people that really have success, most of the people are in our mastermind group.
You know, I recommend 150,000 to 250,000 minimum to start because that gives you the universe of stocks from which to choose.
Yeah, and you need over $25,000 with most accounts to buy options anyway.
Yeah, depending on your brokerage firm, but yeah, yeah.
We got like four minutes, so I gotta run soon.
But this is why I'm bringing you on in more episodes.
So whenever you guys see Mark Yegi on my podcast, make sure you like and subscribe.
Mark, I want to make sure that people know where to go to find you.
And if they want to buy this course, you have something else that you wanted to talk about.
We got four minutes to take the floor, my friend.
And also, all the links will be on the bottom of this podcast as well.
Yeah, well, thank you for that.
My goal is just to educate people.
If they want to get involved with us, then that's great.
We created a little link, especially for your viewers and listeners, and that is cashflowmachine.io.
That's cashflowmachine.io.
And then if you put a forward slash and a C Cortez, for Carlos Cortez, C Cortez, then that'll get you some specials.
We got a download link on a book called Regular Paychecks.
And that's basically how to create regular paychecks from the stock market.
It kind of outlines what we just talked about with examples and things like that.
But what I'm excited about is helping people, Carlos, and helping people kind of figure out what they want to be, what they want to do, who they want to become.
And I've got a mastermind group called Light Circle.
You can find it at lightcircle.org.
And you know how people just, you know, start their year and they're like, I'm going to lose 10 pounds.
And then by the end of the, they go, they go join the gym on the 1st of January.
And by the 30th, the goal's out the window and they're eating funnel cakes or whatever.
Yeah.
You said life circle or light circle?
Light, like a sunlight.
Okay.
Light.
Okay.
Light circle.
Yeah.
We'll put that in there.
I'm putting on an event called Your Greatest Year.
And that's because most people don't know how to set goals because they don't have their whole life supported by their goals.
They don't have their spirituality that supports their goals.
They don't have their abundance taken care of.
They don't have their relationships working.
Everything in your life needs to be kind of working together.
And so we put together this really cool event.
We got six amazing speakers and me.
And we have experts in the fields of health, wealth, relationships, spirituality.
They're going to take you through setting your goals so that you walk away this two-day online event With a plan for 2024 to make it your greatest year.
It's called Your Greatest Year.
You can find it at lightcircle.org forward slash your greatest year.
And if you want to register, it's $197.
Early bird tickets are going on right now.
So thanks for letting me say that.
But the only reason I'm saying that is because I want people to figure out a way to create their best year.
This is Call of Scriptures on Wall Street.
We feel that all things end up on the spiritual side.
The money is all spiritually related.
Your relationships are spiritually related.
Everything that God puts in front of you is spiritually related.
This whole podcast, as I was going through my experience on Wall Street, you see the evilness and you see the greed.
You see the...
The financial serpents.
If you stop and smell the roses, it's all a spiritual battle in the beginning of it.
It all ties to it.
I really appreciate you saying that.
Well, guys, we can talk for hours about this stuff.
I'm curious to hear Mark's opinion about Joe Biden and administration, but we're going to save that for another podcast because we had a very interesting off-the-record conversation.
But Mark, you're a friend of the show and you're a brother here, and we just want to say thank you for this awesome content.
And I really look forward to diving deep into this course.
You guys should check it out.
Do it with me.
That way we can talk about it.
And also, we want to be financially free.
Don't want to have to clock in 9 to 5.
You know, it's unfortunate.
I was away with my family for Thanksgiving.
And I don't want to say any names, but there's family members, not in my direct family, that spent the whole Thanksgiving week A slave to their computer because their company, their job, had cameras and software AI to track them to see if they were working or not.
And they couldn't spend the time.
We literally had to wait like 6 or 7 o'clock at night for them to get out of house arrest, is what I called it.
And I'm over here working out, you know, playing with my kids and seasoning the turkey.
I actually messed up the turkey and I had time to go back one, defrost it, you know, cool it down, re-season it.
I had to do all that.
I screwed up Thanksgiving in Turkey.
That's another podcast, but...
How do you mess up a turkey, man?
Yeah, yeah.
I thawed it out in the garage too long.
Oh.
Oh my gosh.
Never do that.
So, yeah.
I opened it up.
It smelled rotten, man.
It was disgusting.
I threw a turkey in my swimming pool to thaw it out faster once, and people still make fun of me about it.
It's funny.
Oh man, we got some great stories, but you guys, make sure you click like and subscribe to Scriptures on Wall Street on Rumble and we're on Twitter.
I'm also going to be doing some exclusive hits on live Rumble now that we have our channel.
Just random, random videos.
Anytime I get a knowledge from God or I feel inspired, I'm going to be going live and you guys can Kind of see what's going on.
But the truth will always be told here.
And Mark is a pioneer in that field.
He's been vetted.
And I totally, totally believe in everything that he's doing.
And that's why I brought him on the show.
Mark, it's been a great pleasure.
Thanks for coming on Scriptures and Wall Street.
And we're going to have you back very, very soon, my friend.
Can't wait.
I always love talking with you and listening to the ideas that you have.
And I think your listeners, by the way, everybody listening, watching, subscribed to this guy.
He's a treasure.
You know, he tells you like it is.
And that's why I love talking to him.
So thanks for having me on, Carlos.
You got it, Mark.
God bless.
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