WEBVTT
1
00:00:00.120 --> 00:00:02.359
The topics and opinions expressed on the following show are
2
00:00:02.359 --> 00:00:04.280
solely those of the hosts and their guests, and not
3
00:00:04.320 --> 00:00:07.200
those of W four WN Radio It's employees or affiliates.
4
00:00:07.360 --> 00:00:10.919
We make no recommendations or endorsements for radio show programs, services,
5
00:00:11.000 --> 00:00:14.039
or products mentioned on air or on our web. No liability,
6
00:00:14.160 --> 00:00:17.000
explicit or implied shall be extended to W four WN
7
00:00:17.120 --> 00:00:20.160
Radio It's employees or affiliates. Any questions or common should
8
00:00:20.160 --> 00:00:22.399
be directed to those show hosts. Thank you for choosing
9
00:00:22.519 --> 00:00:24.280
W four WN Radio.
10
00:00:25.280 --> 00:00:26.000
I got the.
11
00:00:56.000 --> 00:00:59.560
Did you know women represent just three percent of Fortune
12
00:00:59.560 --> 00:01:04.200
fivendre CEOs in less than fifteen percent of corporate executives
13
00:01:04.480 --> 00:01:09.239
at top companies worldwide? Have you wondered what the secrets
14
00:01:09.280 --> 00:01:12.159
are to getting into the top ranks, whether in the
15
00:01:12.239 --> 00:01:15.920
private or public sector. Do you want to figure out
16
00:01:15.920 --> 00:01:19.439
how to stop being held back in your career? Are
17
00:01:19.439 --> 00:01:22.799
pasted over for promotion? Then you're in the right place.
18
00:01:22.959 --> 00:01:23.120
Hi.
19
00:01:23.680 --> 00:01:27.719
I'm doctor Mattlananne lewis President and CEO of the Executive
20
00:01:27.760 --> 00:01:32.799
Women's Success Institute. I have decades of experience in the military,
21
00:01:33.120 --> 00:01:37.239
the federal government, and corporate America, and my mission is
22
00:01:37.280 --> 00:01:40.799
to help women succeed and tap into their full potential.
23
00:01:41.239 --> 00:01:44.200
I want to reach a million plus women around the
24
00:01:44.200 --> 00:01:47.040
world to become the leaders they are meant to be.
25
00:01:47.599 --> 00:01:50.359
So if you want to move into a management or
26
00:01:50.439 --> 00:01:54.079
executive level position, or maybe you are a female veteran
27
00:01:54.359 --> 00:01:59.079
transitioning out of the military into business entrepreneurship, then reach
28
00:01:59.159 --> 00:02:02.239
out to the Women's Success Institute at.
29
00:02:02.120 --> 00:02:05.840
Three zero one six' nine three three two eight four.
30
00:02:07.319 --> 00:02:23.199
Let us get you on the fast track to. Success. Well,
31
00:02:23.360 --> 00:02:27.800
hello and welcome to The success For Women's, show where
32
00:02:27.840 --> 00:02:31.719
you can view us On talk FOR tv and listen
33
00:02:31.800 --> 00:02:35.319
to us on The women For Women. NETWORK i am Doctor.
34
00:02:35.360 --> 00:02:39.319
Madline ann lewis your, host and my mission is to
35
00:02:39.360 --> 00:02:44.719
help women accelerate the path to. Success, well today's topic
36
00:02:45.319 --> 00:02:49.400
is flip That, stock and my guess is none other
37
00:02:50.039 --> 00:02:51.840
than mister. J. R.
38
00:02:52.039 --> 00:02:56.759
Fenwick let me just give you a little background ON. JR.
39
00:02:57.240 --> 00:03:02.080
Jr finwick is a master stock t and teacher who
40
00:03:02.159 --> 00:03:07.840
is the founder AND ceo of flipthstock dot, com a
41
00:03:07.960 --> 00:03:14.439
leading stock market market education and technology company that specializes
42
00:03:14.960 --> 00:03:20.879
in teaching beginners how to actively trade and invest in
43
00:03:21.080 --> 00:03:26.719
the stock market through their unique mentorship, program which includes
44
00:03:27.560 --> 00:03:33.360
weekly live. Trainings they're easy to use online platform and
45
00:03:34.199 --> 00:03:39.680
a member community chatbook. BOARD jr has helped over fifty
46
00:03:39.800 --> 00:03:45.080
thousand people learn about the stock. Market, additionally he is
47
00:03:45.120 --> 00:03:50.080
an award winning author and speaker who is routinely featured on,
48
00:03:50.400 --> 00:03:55.719
RADIO tv podcasts as you can, see and at conferences
49
00:03:55.759 --> 00:03:59.560
across the. Country and here's a little known fact ABOUT.
50
00:03:59.639 --> 00:04:07.039
Jr he's an accomplished, guitarist songwriter and. Producer he's also
51
00:04:07.240 --> 00:04:10.639
a black belt martial, artist so don't mess with. Him
52
00:04:11.120 --> 00:04:19.120
and he's retired registered nurse who specialized in. Surgery SO
53
00:04:19.319 --> 00:04:21.879
i would like to bring onto the SHOW.
54
00:04:22.279 --> 00:04:26.160
Jr. Fendwick hey you.
55
00:04:26.199 --> 00:04:30.240
Doing OH i am, great, fantastic good to have you
56
00:04:30.279 --> 00:04:32.399
on the. Show thank you so much for taking time
57
00:04:32.439 --> 00:04:35.879
out of your business schedule to be. Here and before
58
00:04:35.920 --> 00:04:40.120
we get, STARTED i always read the standard bio on my,
59
00:04:40.279 --> 00:04:43.920
guests but THEN i like to just ask the guests
60
00:04:43.959 --> 00:04:48.000
to just tell us what you want us to know ABOUT.
61
00:04:48.199 --> 00:04:48.600
Jr.
62
00:04:48.720 --> 00:04:55.120
Fendwick oh. Wow What i'd like your audience to know ABOUT.
63
00:04:55.199 --> 00:05:03.040
Jr filmwick is drive and. Pass SO i often describe
64
00:05:03.079 --> 00:05:08.480
myself as having was called two year old adult, syndrome
65
00:05:09.040 --> 00:05:12.519
and what that is is you, know if you've ever
66
00:05:12.560 --> 00:05:14.720
been around a two or three year, old AND i have,
67
00:05:15.360 --> 00:05:20.120
grandchildren and when they want, something they will just wear you.
68
00:05:20.480 --> 00:05:23.319
Out they just wear you, out they won't let. Up
69
00:05:23.839 --> 00:05:25.680
and so that's how it. Is i've been my whole.
70
00:05:25.720 --> 00:05:29.000
Life WHEN i want, SOMETHING i have that two year,
71
00:05:29.040 --> 00:05:31.759
old three year old. Mentality i'm gonna keep, going keep,
72
00:05:31.800 --> 00:05:34.759
going keep, going And i'm gonna get, it. Okay and
73
00:05:34.800 --> 00:05:37.040
so people who are around me they know this about.
74
00:05:37.279 --> 00:05:39.680
Me they're, like, hey if you Tell jay what you
75
00:05:39.720 --> 00:05:42.680
want to, do he's gonna be on you, saying, hey
76
00:05:42.680 --> 00:05:44.720
you better go get it. Right as far as we,
77
00:05:44.759 --> 00:05:46.639
know we only have one life on this. Planet we
78
00:05:46.680 --> 00:05:49.600
got to max it. Out SO i would say that's
79
00:05:49.639 --> 00:05:52.279
one thing that would kind of describe me in a.
80
00:05:52.360 --> 00:05:54.120
Nutshell i'm gonna get, It i'm going to get, it.
81
00:05:54.600 --> 00:05:56.759
Okay all, Right, WELL i tell you.
82
00:05:56.759 --> 00:06:00.199
What let's get into the meat and bones up, here all,
83
00:06:00.279 --> 00:06:03.120
right BECAUSE i know a lot of people are probably
84
00:06:03.199 --> 00:06:05.399
want to know some information on what you're going to
85
00:06:05.480 --> 00:06:08.000
give them, today and we're going to be talking about
86
00:06:08.000 --> 00:06:08.399
the stock.
87
00:06:08.480 --> 00:06:09.519
Market so first of.
88
00:06:09.519 --> 00:06:13.040
All how did you even become interested in the stock?
89
00:06:13.120 --> 00:06:15.879
Market because you, know we we Hear By Wall street
90
00:06:15.920 --> 00:06:18.600
and all this kind of stuff and the stop going,
91
00:06:18.680 --> 00:06:21.560
up stop going. Down but you, know you don't really
92
00:06:21.639 --> 00:06:24.959
know a whole lot of people personally that's involved in
93
00:06:25.879 --> 00:06:27.120
the back end of.
94
00:06:27.199 --> 00:06:29.560
It so tell us you got interested in.
95
00:06:29.600 --> 00:06:30.800
It it's a crazy.
96
00:06:30.839 --> 00:06:36.120
STORY i LITERALLY i went To Hampton university AND i
97
00:06:36.160 --> 00:06:38.279
majored in nursing pre. Med so it was nothing to
98
00:06:38.279 --> 00:06:41.759
do with money, accounting finance, business nothing like. That my
99
00:06:41.839 --> 00:06:44.680
father was a, doctor mother was a, nurse and they
100
00:06:44.759 --> 00:06:47.959
encouraged me to go that route of getting a nursing
101
00:06:47.959 --> 00:06:50.319
pre med degree and going to medical or dental. School
102
00:06:51.079 --> 00:06:53.639
so you, know life has many twists and turns and
103
00:06:53.720 --> 00:06:59.879
along the. Way my, FIRST i guess interest in the
104
00:07:00.000 --> 00:07:03.639
stock market was WHEN i. Graduated my best friend called
105
00:07:03.639 --> 00:07:05.360
me up one. DAY i was twenty one years old
106
00:07:05.800 --> 00:07:06.920
and he says to.
107
00:07:06.759 --> 00:07:09.560
Me, hey, man you want to be a.
108
00:07:09.560 --> 00:07:13.480
Millionaire And i'm like, Absolutely And i'm working in a
109
00:07:13.560 --> 00:07:17.120
hospital at this, time and he, SAID i just became
110
00:07:17.160 --> 00:07:20.240
a stockbroker and send me all the money you.
111
00:07:20.279 --> 00:07:21.160
Got i'm gonna make you.
112
00:07:21.279 --> 00:07:23.040
RICH i got this, Stock i'm gonna put it In
113
00:07:23.079 --> 00:07:25.920
And i'm, like all, Right i'm twenty. ONE i know
114
00:07:26.120 --> 00:07:30.680
nothing about the stock. Market SO i send him all this,
115
00:07:30.839 --> 00:07:35.360
money And i'm calling him every. DAY i mean literally every.
116
00:07:35.439 --> 00:07:36.199
Day AM i?
117
00:07:36.279 --> 00:07:38.040
Rich I'M i? Rich and Now i'm twenty.
118
00:07:38.360 --> 00:07:43.199
Time it got so bad he, said, hey, man stop calling.
119
00:07:43.240 --> 00:07:46.600
Me i'll call you when something. Happened, happens well he.
120
00:07:46.680 --> 00:07:48.839
Did now you have to envision. This i'm in the.
121
00:07:48.879 --> 00:07:52.040
Hospital this is over twenty years. Ago so sell phones
122
00:07:52.040 --> 00:07:53.480
in and that all that wasn't. Big there was a
123
00:07:53.519 --> 00:07:56.680
phone on the wall in the, hospital and they paid
124
00:07:56.759 --> 00:08:00.720
me through the intercom system and up the phone on
125
00:08:00.759 --> 00:08:01.519
the wall in the.
126
00:08:01.519 --> 00:08:03.360
Hospital and here's how the conversation.
127
00:08:03.519 --> 00:08:03.680
Went.
128
00:08:04.600 --> 00:08:04.759
Yo.
129
00:08:05.040 --> 00:08:08.439
Man he had this Deep southern, accent you old, man
130
00:08:09.160 --> 00:08:09.759
stock market.
131
00:08:09.839 --> 00:08:10.800
CRASH i lost all you.
132
00:08:10.879 --> 00:08:13.600
Money And i'm, like, now we used to joke a,
133
00:08:13.600 --> 00:08:17.120
lot So i'm, thinking, okay ha ha. Ha i'm waiting
134
00:08:17.160 --> 00:08:19.839
for the punchline where you Say i'm a. Millionaire and
135
00:08:20.399 --> 00:08:20.800
it never.
136
00:08:20.879 --> 00:08:22.199
Came he was.
137
00:08:22.279 --> 00:08:26.519
Serious and what happened was the marketing. Crash back this
138
00:08:26.560 --> 00:08:28.920
is nineteen eighty. Seven it was the worst stock market
139
00:08:28.920 --> 00:08:31.199
crash in history up up to that, date we've had
140
00:08:31.240 --> 00:08:35.480
worse since it was Called. Monday and WHAT i didn't
141
00:08:35.519 --> 00:08:39.120
know was that stock. Mark stockbrokers back then were like.
142
00:08:39.440 --> 00:08:41.759
Salespeople they go into a meeting with their. Manager their
143
00:08:41.799 --> 00:08:44.600
manager would, say, hey you, know go get everybody in
144
00:08:44.600 --> 00:08:47.679
this stock and you'll get a. Bonus it's different now
145
00:08:48.480 --> 00:08:51.879
where they have something called fiduciary, responsibility where you have
146
00:08:51.919 --> 00:08:54.559
the client's. Interest but back then he was just doing
147
00:08:54.559 --> 00:08:57.600
what his manager told him to, do, right and so
148
00:08:57.639 --> 00:09:00.559
a lot of, people most people lost money back. Then
149
00:09:00.960 --> 00:09:05.559
that was my initial entry into the stock. Market years,
150
00:09:05.639 --> 00:09:08.960
LATER i had started one of my passions of. MUSIC
151
00:09:09.000 --> 00:09:11.159
i had started a recording studio AND i was always
152
00:09:11.200 --> 00:09:14.720
buying and selling music, equipment and it was my side.
153
00:09:14.759 --> 00:09:17.320
Hustle you, know that's the new. Term it was my side.
154
00:09:17.399 --> 00:09:19.440
HUSTLE i had my corporate, job but my side hustle
155
00:09:19.519 --> 00:09:22.639
was my recording. Studio i'm always buying and selling. Equipment
156
00:09:23.399 --> 00:09:25.480
AND i ran into this. Gentleman his name Is, jeff
157
00:09:25.919 --> 00:09:27.799
And jeff AND i became the best of. FRIENDS i
158
00:09:27.799 --> 00:09:29.919
bought some music equipment from, him and out of the,
159
00:09:29.960 --> 00:09:32.159
blue after about two years of going he, said, hey,
160
00:09:32.200 --> 00:09:33.960
man you trading the stock.
161
00:09:34.000 --> 00:09:36.360
Market, now what do you think is going through my?
162
00:09:36.480 --> 00:09:41.840
MIND i was, Like i'm not interested in. That stock market.
163
00:09:41.960 --> 00:09:45.399
STUFF i, done got. BURNT i want to do my recording. Studio.
164
00:09:45.440 --> 00:09:47.840
Absolutely this brother.
165
00:09:47.600 --> 00:09:51.440
Would not let up for two. Years jeff was on, me,
166
00:09:51.519 --> 00:09:53.679
man you got to learn the stock. Market he'd always,
167
00:09:53.679 --> 00:09:55.759
say everything flows to the stock, market and he need
168
00:09:55.840 --> 00:09:58.480
to do. This everything flows through the Stock.
169
00:09:58.360 --> 00:10:02.159
It would drive me. Crazy you not let, up And
170
00:10:02.200 --> 00:10:04.360
i'm so, glad and.
171
00:10:04.279 --> 00:10:07.200
So EVENTUALLY i just succumb AND i, said all, right
172
00:10:07.399 --> 00:10:10.720
let me start learning this. Now part of the part
173
00:10:10.759 --> 00:10:14.080
of the push was that he showed me a stock.
174
00:10:14.159 --> 00:10:17.320
Portfolio this over twenty years ago was almost a million
175
00:10:17.360 --> 00:10:21.159
dollars And i'm, like, what m so NOW i.
176
00:10:21.080 --> 00:10:21.639
Want to Learn.
177
00:10:22.159 --> 00:10:27.840
Okay that's HOW i initially got into Stock first experience was.
178
00:10:27.879 --> 00:10:30.559
Horrible second experience led me to WHERE i am.
179
00:10:30.600 --> 00:10:32.240
Today, okay.
180
00:10:32.279 --> 00:10:36.279
Wow and we all know though, that like you, know
181
00:10:36.679 --> 00:10:39.159
like you were just saying about being, burned there are
182
00:10:39.159 --> 00:10:39.600
a lot of.
183
00:10:39.600 --> 00:10:42.399
Myths about the stock. Market so.
184
00:10:44.279 --> 00:10:47.960
You, know putting your money in and nothing happens and
185
00:10:48.279 --> 00:10:52.039
you wind up losing everything or someone just like you,
186
00:10:52.120 --> 00:10:54.080
said just walk away.
187
00:10:53.840 --> 00:10:56.120
With the money or something like. That you, know people
188
00:10:56.159 --> 00:10:58.960
think you know and then that happens. Too so what
189
00:10:59.080 --> 00:11:03.559
are some of the it's now, though of the stock.
190
00:11:03.600 --> 00:11:05.879
Market what are people thinking about?
191
00:11:05.919 --> 00:11:06.960
It? Now what do? What do you?
192
00:11:07.120 --> 00:11:09.080
Hear the most myths about this.
193
00:11:09.120 --> 00:11:12.240
STOCK i hear almost the same thing over and over.
194
00:11:12.240 --> 00:11:14.480
Again one is that you got to be. Rich you
195
00:11:14.559 --> 00:11:16.080
got to be rich to get in the stock. Market,
196
00:11:16.159 --> 00:11:19.960
now to become rich or. Wealthy so the people who
197
00:11:20.039 --> 00:11:23.360
became the wealthiest in the, World Jeff bezos Or, amazon
198
00:11:23.559 --> 00:11:27.799
And Bill gates Of microsoft and and the other folks
199
00:11:27.799 --> 00:11:31.440
who have it's because of their stock ownership and their
200
00:11:31.440 --> 00:11:33.679
company that generates their.
201
00:11:33.720 --> 00:11:34.080
Wealth.
202
00:11:34.320 --> 00:11:37.000
Right and so this whole concept that you have to
203
00:11:37.039 --> 00:11:39.840
be wealthy to get started is such a huge, myth,
204
00:11:40.240 --> 00:11:42.159
Right so we gotta we got to get rid of.
205
00:11:42.200 --> 00:11:44.919
That another one THAT i hear all the time, is,
206
00:11:45.320 --> 00:11:47.320
man that's. Gambling that's Gam you're gonna lose all your.
207
00:11:47.320 --> 00:11:49.960
Money you're gonna lose all your. Money, well THEN i
208
00:11:50.000 --> 00:11:53.080
say to, people let's think about. It the wealthiest people
209
00:11:53.120 --> 00:11:56.679
in the world achieve their wealth to the stock. Market
210
00:11:56.720 --> 00:11:59.840
so do they are they obsessive? Gamblers or do they
211
00:11:59.879 --> 00:12:02.600
know something we don't? Know and maybe we should learn
212
00:12:03.279 --> 00:12:07.279
how this whole thing. Works another ONE i, HEAR i
213
00:12:07.279 --> 00:12:09.279
thought you had to have like some type of certificate
214
00:12:09.440 --> 00:12:13.519
or license or or you, know something like, that not
215
00:12:13.559 --> 00:12:14.679
to buy and sell stocks for.
216
00:12:14.720 --> 00:12:17.679
Yourself AND i need even heard, this and this is
217
00:12:17.759 --> 00:12:18.240
one's really.
218
00:12:18.360 --> 00:12:23.440
Unfortunate oh that's that's that's a white people think that that's, Waitful, no.
219
00:12:23.879 --> 00:12:26.919
Anybody the stock market is open to anybody who wants
220
00:12:26.919 --> 00:12:29.360
to get. Involved but those are some of the most
221
00:12:29.360 --> 00:12:31.399
common myths THAT i.
222
00:12:31.440 --> 00:12:31.639
Hear.
223
00:12:32.480 --> 00:12:38.159
Wow, now one of the Things i've also heard you
224
00:12:38.320 --> 00:12:42.440
say is that people of color should be active in
225
00:12:42.480 --> 00:12:45.320
the stock. Market so why do You why do you
226
00:12:45.360 --> 00:12:48.399
feel that? Way and maybe it's because of one of
227
00:12:48.440 --> 00:12:52.399
the myths you, mentioned because people think it's only you,
228
00:12:52.440 --> 00:12:55.720
know white people that are in the stock, Market so
229
00:12:55.720 --> 00:12:58.000
why do you feel that people of color should be
230
00:12:58.039 --> 00:12:58.639
more active in?
231
00:12:58.679 --> 00:13:02.399
It or you are you saying that we.
232
00:13:02.399 --> 00:13:07.279
Are not as active as you, know other races the market.
233
00:13:08.320 --> 00:13:13.240
Both so so if you look at it like, this all,
234
00:13:13.360 --> 00:13:15.799
right this isn't What i'm about to share with you
235
00:13:15.840 --> 00:13:21.519
and your. Viewers this isn't. Hypothesis i'm not. Pontificating it's a.
236
00:13:21.559 --> 00:13:25.279
Fact people who are in the stock market have a
237
00:13:25.360 --> 00:13:29.440
higher net worth than people who. Don't the stock market
238
00:13:29.480 --> 00:13:32.039
is all about letting your, money work for you and
239
00:13:32.120 --> 00:13:35.000
grow for. You. Right that's not to say you're always