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hello everybody this is your friend brother roo coming to you with another video and today i want to let you know i'm not a financial advisor and um invest at your own risk i'm just here to share with you my journey in this uh stock market all right now i want to talk to you today about a very uh good video today with a jim cramer jim cramer is the star on cnbc which happened to be one of my favorite channels and um he a couple of days ago said that he will not or recommend someone to invest in a communist regime which is referring to china now one of my biggest holding is in neo which is a chinese ev stock before i get into the video do me a favor and um subscribe to my channel and hit the bell so that you will know when i'm bringing content i'm i'm not a wall street broker i'm a regular guy that's sharing with you my financial journey and listening to a regular guy and someone who started from ten dollars in robin hood you can see where i'm going see my mistakes see my goods buys my my my not so good buys and you could take it from there but i just want to add value empower you encourage you to invest and um to add value okay so listen uh jim cramer jim cramer he i love to listen to him he knows what he's talking about he is an analyst he's a guru he is sharp he is funny i liked him but he said that he could not see himself investing in a communist regime and that is china now let me say this china and the usa are the two largest economies in the world china has the largest population it has the largest eevee market in the world eevee electric cars and so china it is said that by 2030 they will surpass america as the number one economy in the world so china has a lot of american companies invest in the air the like of starbucks or mcdonald pizza hot the list goes on target walmart apple nike the nba tesla is building a humongous factory in shanghai and so uh hundreds of companies invest in china and um he's saying that because of the human rights and xi jinping is not uh doesn't like uh capitalism and so forth and that's his opinion i have 1200 shares in neo i bought nyuna because i'm for china or i'm against china listen when the japanese bomb pearl harbor there was a hatred almost for japan japan and the japanese and now last year toyota was the number one cast the they sold the most car last year in america surpassing gm for the first time in 90 years wow because of the chip shortage but we believe that next year gm will uh overtake uh toyota again but i'm just saying when hitler that ruthless dictator and uh destroying all those jews and and so forth and and having concentration camp i own a toyota vehicle i own a german vehicle i invest in volkswagen one of the largest car makers in the world i invest in the bank of nova scotia because they pay a good dividend so i mean it's not like i am for against i'm in politics and this and that no so the the story came up when charlie monger which is warren buffett and by the way warren buffett is invested in byd this is a company in china that makes batteries and cars electric cars okay so charlie munger invested in alibaba alibaba is like the amazon of china and so um he invested there he double down and he he's 98 years old the man is sharp at 98 and so jim crime is saying he can see himself investing there because of the um the uh communist regime and um human rights abuse and so forth and so on okay and i respect that and if that's your conviction fine let me tell you something probably half of the stuff we have in our house is made from china so i'm not promoting china i'm not promoting uh sweat factories i'm not promoting child labor i'm not none of those things i am just saying i happen to invest in neo because i think there's a great upside you know so um that's what it is so uh let's look at uh jim cramer said on wednesday he cannot recommend investors to buy chinese but because the communist community is a total wild card chinese president xi jinping does not like capitalism kramer told squat box saying the leader of the world's second largest economy may be the first totalitarian dictator in a long time criminal comment escape comments came as uh two well-known u.s investors said investment firm daily journal corp nearly double its take in the chinese e-commerce giant alibaba according to a regulatory filing tuesday manga who to the 98th on usd is also warren buffett long-time partner so warren buffett long-time partner uh charlie munger invested in china so i have 1200 shares of neo and guess what today i did a i sold a put on neo for 26 strike price if neil falls to 26 by net by friday i will assign a hundred shares it will make me 1300 a shares in neo okay i am anxious to see when the 87 comes out in march a couple months from now and when the 85 comes out in q4 um they said that this thing can rival the tesla model 3 and it's really uh uh well put together a sedan and um at the end of the year i will evaluate my uh stands in neo and i will realize i will i will i will decide whether i'm gonna sell whole or buy more so this is what it is um yeah this is what it is and so i am here and i'm saying show me some love hit the subscribe and i will talk to you in the next video today i was done almost ten thousand dollars well i'm not that dumb that much i was like whoa and um yeah but the market uh made a bounce back somewhat and um i'm looking to see where where where we go from here all right with the interest rate uh and the fed and the inflation and so forth but uh unless the economy remains strong and we'll see where it go in 2022 i'm excited about investments and i um have a ambitious goal to hit one million um in three years this is your friend and brother simple investment simple investor brother rose saying be blessed be safe and focus forward see you in the next video bye now
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