KAN11 — -    2
20260808 220500 UTC
558 transcript segments
Google Cloud Speech-to-Text API (Chirp) + Gemini 2.5 Flash Non-Thinking
Data courtesy of The GDELT Project (https://www.gdeltproject.org/), from the Internet Archive TV News Archive.
Machine transcription. Treat it as a searchable index of what was broadcast, not a verbatim quotation record.

[00:00:00] It was a pair of words that caused people in Israel to panic or
[00:00:03] to lose faith. To get rich, people relied on studies and hard
[00:00:07] work. Today, the stock market has become
[00:00:11] the talk of the town, the way to make money.
[00:00:15] Whether you are 20 or 50 plus, everyone wants to take
[00:00:18] part. How did this happen? How did we go from a generation that shied
[00:00:22] away from the stock market like fire? To the point that people here are debating whether
[00:00:25] to choose Nvidia, Apple or Google. This
[00:00:29] is how it looks. From this family, you too can be a part of it.
[00:00:47] Hello to my friends from the Finance Committee. Thank you very much for coming. I made my
[00:00:51] first investment, an investment, whoever heard, the first money
[00:00:54] I lost, it was at the age
[00:00:57] of 24, I was a student. And I had
[00:01:00] a friend and he said there's a stock and buy it and that's it. I'd
[00:01:04] love to hear a bit from you I'm 46
[00:01:08] I invested two weeks ago so uh it so happened
[00:01:11] at the annual meeting with my accountant that he scolded me
[00:01:15] that I must start investing and in the meantime it's an excellent decision, two weeks is
[00:01:18] fine.
[00:01:21] Reut, at what age did you enter the stock market? At 18.
[00:01:24] Good to know with how much money?
[00:01:28] A few hundred. At what age did you start investing? At 41
[00:01:32] I got divorced, I learned about money,
[00:01:36] and then I started investing, because before that, it didn't speak to me, it's not
[00:01:39] something that in my house the stock market was considered
[00:01:42] a casino, like playing with money, something destructive, how
[00:01:46] can you, just say. I come from a family of
[00:01:49] Holocaust survivors, so the attitudes towards the stock market were very
[00:01:53] very negative. Like what? Lazy
[00:01:56] investors, the dream was stability,
[00:02:00] working, getting a salary, in our house, like, they didn't talk about the stock market,
[00:02:03] but the only talk there was was the trauma they carried from
[00:02:07] when the stock market fell, when the Messiah jumped from the roof, then they lost a lot
[00:02:11] of value in video, and as a child I remember it seemed
[00:02:14] traumatic to me and probably some of that stayed
[00:02:17] with you,
[00:02:22] Almost every cultural revolution is a response to the trauma of the previous
[00:02:25] generation. This trauma is the bank stock crisis
[00:02:28] in '83. The stock market crashed, people lost
[00:02:32] everything, Shalom Hanoch wrote that the public is stupid and therefore the public
[00:02:35] pays, Shalom Tzvi, how are you, hello and a scar remained, how many
[00:02:39] years have you been in the stock market? It depends on the authors, I started
[00:02:42] in the stock market when I was maybe 15, 16, this
[00:02:46] is where it happened, this is where the guys were with the sell, buy, this
[00:02:50] was a center of great noise, there were several
[00:02:53] halls here, 27 more nicknames that were given
[00:02:56] to the stock exchange in those days it was simply a casino.
[00:03:00] If you wanted to know which stock would go up or down, you had to physically walk around here in debts and listen
[00:03:04] or you had a good connection to the messenger who came with the order books of
[00:03:07] buying and selling and you could get preliminary information from him
[00:03:11] about what was going to happen. This was
[00:03:13] and within this, the bank stock crisis, which is also a kind of Sodom and Gomorrah,
[00:03:17] the banks bought their own stocks, they took the
[00:03:21] money of the savers for that matter, right, for their
[00:03:25] needs. The bank manager told me we will give you credit only if you buy
[00:03:28] shares of our bank. So I had no choice and today I am
[00:03:32] a shareholder of that bank, you asked for a loan from the bank, you asked for
[00:03:36] a million, the bank came and told you: You know what? I'll give you two million, a million,
[00:03:40] you buy bank shares.
[00:03:43] Now how did the bubble burst, all sorts of news
[00:03:47] started appearing in the press, and then there was a flood
[00:03:51] of selling orders? Selling orders, right, from whom?
[00:03:54] The public? 422, there was
[00:03:56] a great risk of an economic collapse.
[00:05:00] They simply took their money and put it in deposits, and another very
[00:05:03] interesting phenomenon that happened, that came from this, is real estate, right, because real estate,
[00:05:07] by the way, right, real estate is perceived by us as something not dangerous, I see the asset, I see the
[00:05:11] house, it's here, it's with me. It's not like stocks where I have no idea
[00:05:14] where they are and what they are and what their form is, but real estate is no less
[00:05:17] dangerous than the stock market, and therefore it's some kind of psychological bias of
[00:05:21] what we perceive as dangerous in these economic worlds and what we perceive as safe.
[00:05:25] Now the stock market, the element embedded in it is risk
[00:05:29] in life, risk in daily life is
[00:05:32] the possibility that something bad will happen to us. In the stock market,
[00:05:35] risk is not the negative side, the more we
[00:05:38] invest in an investment that has a higher level of risk, the more
[00:05:41] we can expect to receive a higher return over time,
[00:05:45] and therefore, if we invest for the long term, risk in the world of
[00:05:48] the stock market is actually a good thing.
[00:05:52] Since that crisis, many things have changed. First and foremost,
[00:05:56] the stock exchange itself, it is more sober, more institutionalized,
[00:05:59] more sophisticated. Its total value is almost two
[00:06:02] trillion shekels. All our savings for retirement are invested in it,
[00:06:06] and without it, the economy would not
[00:06:08] grow.
[00:06:13] The stock market is no longer a closed club, it's a place where you build
[00:06:16] a future, it's accessible almost to everyone, and those who understood
[00:06:20] this are the young people, very
[00:06:23] young people, meet Tamar, she's living proof
[00:06:27] of the revolution taking place, what are you doing to her? I'm
[00:06:30] cutting her cuticle, I also need my cuticle cut,
[00:06:33] הקוטיקולה,
[00:06:35] thank you, cuticle,
[00:06:39] 100%.
[00:06:44] How old are you, sorry? 13 and a half. How did you start?
[00:06:48] My parents bought me as a birthday gift the basic things you need for gel polish
[00:06:51] and I started doing it. I earned 7000 shekels a year.
[00:06:55] Amazing. And what do you do with the money? Most of the money I invest
[00:06:58] in the stock market in the S&P. You invest most of the money in the stock market?
[00:07:02] Yes. Why? Because if I don't invest
[00:07:06] then my money will slowly erode because
[00:07:08] of inflation. And I want it to
[00:07:12] grow and
[00:07:13] multiply.
[00:07:17] Tamar is not alone, hello, meet
[00:07:20] Hagai, I have no
[00:07:22] chance. What
[00:07:25] yes
[00:07:30] I don't see anything train I'm
[00:07:32] making fun of you tell me, so when did you start with the money? I was a relatively
[00:07:36] young kid, seven, eight,
[00:07:40] something like that, uh my grandpa passed away
[00:07:44] and I received an inheritance of 5 thousand shekels plus like always
[00:07:47] there's pocket money before holidays
[00:07:51] birthdays so you accumulated a sum, I accumulated a sum of about
[00:07:54] 10 thousand shekels, something nice so I invested in S&P
[00:07:58] 500 uh and how much money do you have already? You know 20 thousand
[00:08:01] shekels? What are you saying? But I already changed it
[00:08:05] from when I had 80% S&P 500
[00:08:09] 20% bonds I changed it.
[00:08:12] to Nasdaq, which was very
[00:08:16] cool because I like technology. Here are some basic terms in the stock
[00:08:19] market that even children can understand. What is Nasdaq?
[00:08:23] Nasdaq is the leading
[00:08:26] technology companies in the United States. Can you explain to me what
[00:08:30] a stock is?
[00:08:32] So this is one stock from
[00:08:34] one company.
[00:08:37] And I sell it to you for 10 shekels. Now
[00:08:40] you don't like this taste? No. So you want to sell?
[00:08:43] Yes, but you also want to profit from it, right?
[00:08:46] So, for how much do you want to sell? For 20?
[00:08:49] For 20? So you sold it to someone for 20 shekels, but he
[00:08:53] also doesn't like the taste of it, so he wants to sell, but he also wants to profit, so he
[00:08:57] sells it for 60 shekels to someone
[00:08:59] else. Ah, but that person doesn't want it for 60 shekels because it's too expensive
[00:09:03] for him and he doesn't have that money. So he lowers the price
[00:09:06] to 40 shekels, but he still doesn't want it, so he says, "Okay, nothing
[00:09:10] is working for me, I'll lower it to six."
[00:09:13] And then the value really went down.
[00:09:17] From the stock. We don't want to buy
[00:09:20] a stock from one company. So we want
[00:09:23] an ETF of many, many, many parts
[00:09:26] of stocks from the 500 largest companies in the United States. And this
[00:09:30] is the S&P 500. Yes.
[00:09:33] Yes. And one day these could be these companies.
[00:09:37] And one day these could
[00:09:40] be
[00:09:42] these companies, for that matter, because each time you have 500
[00:09:46] different companies, right? Do you know how much money you'll accumulate in your investment account?
[00:09:50] In my investment account, I have 27,
[00:09:52] wow, like what amount would you like it to
[00:09:55] reach? It will reach millions eventually,
[00:09:58] because I'm really long-term, what's long-term? At the age of, I don't know, 20
[00:10:02] something, 30, so I have a few
[00:10:04] years,
[00:10:10] why didn't you take the money to the stores? But
[00:10:14] they showed me the interest in money and suddenly money wasn't
[00:10:17] that, it became what can make more money from it without doing anything
[00:10:21] and not just working and digging in the dirt, yes, as what?
[00:10:25] The goal, the goal in general is very simple, to be
[00:10:28] richer, richer yes, richer than me, for example, ah yes,
[00:10:32] very cool, very cool. Tamar
[00:10:35] and Hagai are not just anecdotes, the data also
[00:10:38] indicates that the younger generation easily does what the generation
[00:10:41] before it did not dare to do. 44%
[00:10:44] of investors who have an investment portfolio that they manage themselves
[00:10:48] are between 22 and 30 years old. In contrast, only
[00:10:51] 4% of those aged 50 and over manage
[00:10:55] their own investments. The average age of independent investors is
[00:10:58] 29. In contrast, the average age of investors who prefer
[00:11:02] someone else to manage their money is 34. The younger
[00:11:06] they are, the more they take their future into
[00:11:09] their own hands.
[00:11:12] When did you feel you had to get in? When I saw that friends started
[00:11:15] investing and talking to their parents about investments, at first I would
[00:11:19] buy fractional shares of a stock that I thought could succeed.
[00:11:22] Uh, I put my money there...
[00:11:27] And then I moved to what everyone is talking about today, S&P 500, it was a bit
[00:11:30] before everyone started. I feel now that there's a bit of
[00:11:34] inflation in the use of the word S&P 500, like
[00:11:37] if I don't take many taxis, but when I take a taxi, the taxi driver tells me, "Invest
[00:11:41] in S&P." You invest in S&P. My grandmother tells me, "Read
[00:11:44] this book and invest in S&P." My same grandmother
[00:11:48] said something else. My mother is also upgrading.
[00:11:51] My mother at a certain stage did get
[00:11:55] into the world of investments, two
[00:11:57] computer screens, this, courses,
[00:12:00] things, how old is mom? My mom is 72. This
[00:12:04] is a TikTok account. Uh, this, listen, she's a star, she's not aware
[00:12:08] of it, but yes, you can see that she influences people who deal with these
[00:12:11] fields. I do feel that now it's also become, like, we're already in the next stage where it's become
[00:12:15] a bit of
[00:12:16] a trend.
[00:12:22] I see that many more people are entering
[00:12:25] the stock market and it also seems to me, when I look from the side, it seems
[00:12:28] contagious. Like there's someone who is AP
[00:12:31] Zero and he tells his friends, "You won't believe it, I bought a stock and it went up
[00:12:35] 100%," and he shows him and then the other one says, "Oh,
[00:12:38] if this idiot can do it, I can too." How contagious is
[00:12:42] this really? So unequivocally, these phenomena are
[00:12:45] contagious and they also have a name
[00:12:49] in the world of behavioral economics, and that is herd behavior, and we really
[00:12:52] see that in the stock market we behave as a herd. And there are
[00:12:55] fashions that influence, we have this all the time now, meaning
[00:12:59] young people who announce one stock and everyone follows
[00:13:02] them. These phenomena of herd behavior are
[00:13:06] very, very, very dangerous, because what they do is they
[00:13:10] distance the price in the stock market from the true value of
[00:13:13] the stock. Social networks greatly
[00:13:16] amplify this issue, because it's very easy for me
[00:13:20] to come and spread some information or spread some
[00:13:24] tendency of mine. A stock, and what they also don't understand is that behind
[00:13:27] everyone who spreads information on social media about stocks or about
[00:13:30] these assets, there is a vested interest, exactly. It could be a different interest, it could be
[00:13:34] that he himself is heavily invested in this stock from an early stage and he wants it to
[00:13:38] go up or exactly the opposite, exactly, and they influence what will happen
[00:13:41] to my
[00:13:42] money.
[00:13:46] The internet is full of people who promise us a garden of happiness
[00:13:49] if we only buy the stock they recommend
[00:13:52] or, what's more common, if we only pay
[00:13:55] them thousands of shekels for a course where we'll learn
[00:13:59] the secret of how to buy and sell to make a quick
[00:14:02] buck. Most of those who fall for these offers
[00:14:06] will lose, because the stock market revolution is indeed
[00:14:09] here, but it requires patience. Those who seek
[00:14:12] to get rich from short-term day trading will find
[00:14:16] it much harder than it seems.
[00:14:20] In Ashdod, I met one of the few who succeed,
[00:14:24] Yoni Levi. Hello, he turned day trading
[00:14:27] into a profession. I want to tell you that you are fulfilling my dream. He gave us
[00:14:30] a rare glimpse into how it really works. Whoa!
[00:14:34] 1, 2, 3, 4, 5, 6, 7 13, 14 screens. Oh, and you
[00:14:38] also have the watch for that. You sit here all day. I sit here
[00:14:42] from 9 until 5:30. I don't
[00:14:45] get up, I don't move, I barely get up, for pee.
[00:14:49] You get up, of course. Did it ever happen that you lost in BP and you said
[00:14:52] certainly,
[00:14:59] put me in the area code of the monthly target,
[00:15:03] hundreds of thousands of shekels profit, profit. You
[00:15:06] need to tell someone what your job is. I tell them I'm a broker
[00:15:10] because that's what people know, even though it's not true. What are you actually? I'm
[00:15:14] a trader, a trader in the stock market. What does that mean? It means that I
[00:15:17] deal with money that is solely mine. They open almost unlimited
[00:15:21] credit lines for you and you start trading.
[00:15:25] Like if I take my money and put it in an index and forget about it,
[00:15:29] right, hoping it will give me 10% a year and I'll say
[00:15:32] thank you. You want to make over 30%
[00:15:35] a year, you want to be better. Good than the market and you succeed?
[00:15:39] Yes, the orders you transfer, buying and selling, are
[00:15:42] in the amount of tens of millions of
[00:15:46] shekels daily. Tens of millions of shekels a day? Yes. And that doesn't scare you?
[00:15:50] No. I love it. It's, it's insane adrenaline
[00:15:54] for me. Did it ever happen that in one trading
[00:15:56] day you made a crazy profit?
[00:16:00] Yes. Figures and... Very
[00:16:03] nice numbers. Hundreds of thousands a day? Yes.
[00:16:07] Days you lost crazy amounts of money? Yes,
[00:16:11] in the Corona in March 2020, there was one
[00:16:14] day that was very unpleasant, you can't stop the bleeding. How much
[00:16:18] did you lose there? Hundreds of thousands of shekels a day?
[00:16:20] A day.
[00:16:23] People are watching you now, among others, young people, who are tempted
[00:16:27] by this world of trading, of making money
[00:16:30] from money. What would you tell them? I would tell them
[00:16:34] unequivocally not to enter the field of day trading for my children. I would not
[00:16:37] let them do day trading. Why? Because the work is tedious,
[00:16:41] exhausting and you need to have a very very special personality. A day
[00:16:45] of crazy profit or a day of crazy loss can change a person's
[00:16:48] thinking and behavior, and you need
[00:16:52] to have a very, very, very tough personality in order to succeed
[00:16:56] in this. Listen, about three or four years ago, the owner of a
[00:17:00] college invited me, a college
[00:17:03] that teaches people to do prop trading and then employs them.
[00:17:07] He told me there are thousands of young people
[00:17:10] who are released [from military service] and enter this every year. I don't know anyone
[00:17:13] who was in professional trading and went and opened a college
[00:17:17] to teach. Like, whoever makes money just continues to make money. Unequivocally.
[00:17:20] Don't be tempted by stories they tell you about
[00:17:24] easy money. There's no easy money in trading. There's no such thing. Over
[00:17:27] 95% of people will lose their money. I have no way to get rich
[00:17:30] quickly? No. Not in trading. So what do you need to do for
[00:17:34] that to happen and not for me to lose my shirt? I think
[00:17:38] you need to go through the whole process, meaning, study economics, study
[00:17:41] business administration, understand the stock market in depth, get to know the institutional
[00:17:45] bodies, get to know the brokerage firms, the big
[00:17:48] banks, like, you actually need to go and work in it, there are no shortcuts, there's no
[00:17:51] way, no shortcuts.
[00:17:52] דרך,
[00:17:55] Are you currently open with large positions? Like if something happens now, Trump
[00:17:58] says the wrong word, you could lose a lot of money. Yes, I feel very
[00:18:02] uncomfortable about
[00:18:03] that.
[00:18:08] Did anyone here invest in a stock and lose? I even know
[00:18:11] of one thing I invested in, some thing they told me was fine,
[00:18:15] I said, "Alright, let's go." How much did you lose? I lost
[00:18:19] 18, in how many
[00:18:22] days? How many days? How many days? How did it
[00:18:24] feel? It was very unsettling, because I'm used
[00:18:28] to checking every day, sometimes even twice,
[00:18:32] and suddenly in one moment there was a certain number, and in another moment I have
[00:18:36] a completely different number. I cried, yes, yes, it was
[00:18:40] really a loss, like I said, "Oh my god, then what's the point, now
[00:18:43] like everything I've, what did I do with this?" But I got
[00:18:47] over it. Liron, did you try to imagine how you would feel if the stock market fell
[00:18:50] by 20%? Yes, I guess I'd sleep a little less well,
[00:18:54] but I wouldn't stop sleeping
[00:18:56] altogether.
[00:19:00] One of the things that allowed the revolution to happen is that since it started,
[00:19:04] the stock market has mostly gone up, and when it goes up, everyone is happy.
[00:19:08] When the stock market goes down sharply,
[00:19:11] then you can really discover who truly has enough high-risk tolerance to stay
[00:19:15] in for the long term. My friends and I
[00:19:18] in our WhatsApp group where we share
[00:19:20] our feelings
[00:19:23] uh every time the stock market starts to go down, but really, really go down
[00:19:27] then whoever asks why the stock market is falling so much and then answers
[00:19:30] start coming, it's because of this and Trump and the tariffs and this
[00:19:34] and every time I have a feeling that it's just, it's like astrology
[00:19:38] or reading a, I don't know, coffee cup or something? Am
[00:19:41] I right? First of all, you
[00:19:44] are right, okay? There's ultimately, even
[00:19:48] though we're talking about numbers and financial reports and a very, very
[00:19:51] logical world, ultimately we see that in such
[00:19:54] situations, what interests us is actually psychology. The best example
[00:19:58] of this is the Corona. This is the graph of the S&P 500, over 25
[00:20:02] years. We would expect that the Corona, which is considered one
[00:20:05] of the biggest events in humanity in recent times, would look here like something
[00:20:09] very, very dramatic, right? And in the end, what we see here is
[00:20:12] a small spike in the graph. Let's not downplay it, this
[00:20:16] thing is a 30% drop in one month, it was
[00:20:19] terrible, and my mother also just retired, so she ate
[00:20:23] it up. It really was a panic effect, there was a herd
[00:20:26] effect and everyone sold, but what we saw in practice, within
[00:20:30] a few months, the index went back
[00:20:33] up, and not only did it go back up, within 18 months it...
[00:20:37] doubled itself. At this point in time, we didn't see
[00:20:41] that. Okay, we only saw this thing. Now in your head,
[00:20:45] your imagination continues it here, you tell it, no, this is going to be
[00:20:48] 80%, why? So that I don't cut my losses here? What's not
[00:20:52] rational about that? Meaning, I don't have this, how do I fight
[00:20:55] it? I think that whoever knew the crisis of
[00:20:58] 2008, could have already known that at this
[00:21:02] moment things would look different, because banks also crashed
[00:21:05] there, and there was a very very big mistrust
[00:21:08] in the government, in very, very basic institutions, and that's exactly where
[00:21:12] the market came out, and in the end it reached where it reached. So that means this understanding
[00:21:16] of the long term and the perspective that you see the
[00:21:19] graph like this... That's ultimately what needs to give you confidence,
[00:21:22] and the world of the stock market has survived wars,
[00:21:26] survived epidemics, survived terrible
[00:21:28] crises, but this point where
[00:21:32] you got out and lost all your money remains
[00:21:35] forever.
[00:21:37] So the most important things when entering the stock market are patience and the ability
[00:21:41] to absorb. What else? Let's say I want to enter the stock market. Give
[00:21:44] me the rules, the guide, what do I need to know? You want to enter the stock market? Now
[00:21:48] the question you need to ask yourself is for when do I need
[00:21:52] the money, because the stock market can crash. Right. If you need the money
[00:21:55] for the long term, minimum five years, you can start investing
[00:21:59] in the stock market. You want to diversify your risk, not
[00:22:03] invest in a single stock and not put all your eggs in one basket, but
[00:22:07] diversify into several types of stocks,
[00:22:11] countries. You want to create a portfolio that is
[00:22:14] diverse and broad in terms of investment. I can enter with any
[00:22:18] amount. There are also platforms today
[00:22:20] that don't require a minimum, and you can start investing with even
[00:22:24] hundreds of shekels. I enter the stock market and I enter with
[00:22:27] 500 shekels fixed deposit every month. Describe to me what
[00:22:31] happens to the money? So we deposited 500 shekels a month, we are talking about
[00:22:35] a return of about 10% a year, which is approximately the S&P
[00:22:39] 500 index, the 500 largest companies in the United States. After a year
[00:22:42] we have 6600 shekels. 6,
[00:22:46] which we deposited and another 600 shekels on which we accrued interest. After
[00:22:50] 10 years I will have 95 thousand shekels, after
[00:22:53] 20 years I will already have 350 thousand shekels,
[00:22:57] at which point most of the money in the fund is already profit, it's not the deposits
[00:23:01] I made, right, most of the money in the fund is not the principal, the amount
[00:23:05] I put in, but rather my return that has accumulated more return, what
[00:23:08] is called compound interest, and after 35
[00:23:12] years I will already have 2.5 million shekels, an amazing
[00:23:15] psychological event, all this assuming that the return and the market and everything
[00:23:19] '.
[00:23:24] To make you and me jealous, we found someone who understood
[00:23:28] the trick a long time ago, started investing at a young age, planned well,
[00:23:32] diversified investments and took early retirement. How old are you today?
[00:23:35] How early? I'm 41, he's younger
[00:23:38] than me and he retired two years ago. You retired, you retired,
[00:23:42] I retired fully, for me. You worked,
[00:23:45] I worked, how many years? 14 years in the workforce, in all sorts of
[00:23:49] places like that. Others, that's less than me. Okay,
[00:23:52] how? How do you do that? I also want to, teach me.
[00:23:56] So I think I'm actually a good example, maybe you hear in the accent
[00:23:59] that, people who immigrated from the Soviet
[00:24:02] Union. My parents are very dear, but
[00:24:06] not very rich. It was clear to me that from the moment I started
[00:24:10] earning a salary, I would start investing it. I would first save it
[00:24:14] and at the first opportunity I would invest.
[00:24:17] I started working in 2010. I saved
[00:24:20] 5,000 every month, I was earning 11, and then with
[00:24:24] those two years of salaries, which is about 120, I went
[00:24:27] and bought an apartment for half a million in Lod, and that was my foothold
[00:24:31] in investments. I started investing in the stock market in a relatively
[00:24:34] simple and diversified way in ETFs, but you
[00:24:37] save 50% of your income at that stage, something like that and even
[00:24:41] more. So yes, very, very aggressive saving
[00:24:44] and it's a lack of improvement in living standards, you're constantly striving to increase
[00:24:48] your income, of course.
[00:24:58] Your freedom, in the end it's a product, just like you go and buy an apartment, you
[00:25:02] buy a car, you can buy freedom, there's a sum
[00:25:06] you can put on it, you take your standard of living,
[00:25:08] how much per month, multiply it by 300,
[00:25:12] and that's roughly the amount you need to reach, and then you're free,
[00:25:16] so I did my basic calculation, so we spent around.
[00:25:20] In a month I multiplied by 300, 6 million, 6 million,
[00:25:23] I saw, okay, this is not out of reach. I already saw at that
[00:25:27] point about 4 million, needed another two million, and I saw
[00:25:31] that I wasn't very far and this realization that hit me
[00:25:34] that now I'm giving it more gas and now I'm out, it actually
[00:25:38] changed my life, and it still requires very aggressive
[00:25:42] savings of 10, 5 thousand shekels
[00:25:45] a month. What do you feel you gave up, say? You need to make sacrifices.
[00:25:48] I would perhaps fly abroad more. Think of a family
[00:25:52] traveling in a Hyundai
[00:25:54] i10, it's small, it's the same small car, it's small, it seems like even a car seat wouldn't fit.
[00:25:57] You put off replacing the sofa
[00:26:00] for longer. Okay,
[00:26:03] it happens that the stock market falls, and when it falls, sometimes it's
[00:26:07] aggressive, 10%, 20%, we've seen even 30% in recent years,
[00:26:10] in a month, what then? This is one of the main
[00:26:13] psychological difficulties in this whole early retirement process.
[00:26:16] Now, how did I really do it to make it less
[00:26:20] difficult for myself? I divided the portfolio, what is called into layers
[00:26:24] of risk, okay? I said that now
[00:26:27] in the first few years I created a very, very solid portfolio. Now,
[00:26:31] at the same time, the other portfolios I hold
[00:26:35] are 100% stocks, and I know that until I get
[00:26:38] to them, no matter how many crises shake them,
[00:26:42] statistically, they will really grow. Like, if you're in your early 40s, this is money from your 60s, from
[00:26:46] your 60s. I have to know. The millions you counted, does that include
[00:26:49] your pension? Of course, of course, this, this, this calms
[00:26:52] you down, I think, I think people sometimes don't realize how much they
[00:26:55] have.
[00:27:01] I don't...
[00:28:08] German soil reddened this morning with the blood of
[00:28:11] Israelis from the Olympic delegation. Israeli Prime Minister
[00:28:15] Yitzhak Rabin is no longer among the living. So what will we do?
[00:28:18] When will we solve all these
[00:30:29] The first is to take a risk and the earlier the better. That's one
[00:30:33] thing. One is to invest and take a real risk and take a risk.
[00:30:37] Two is to say how much do I really need? That's the absolute basics
[00:30:40] for me. I save every shekel beyond that. You put
[00:30:44] it in the investment portfolio, okay, so that's two. What's three? Three is knowing what
[00:30:48] you're doing the day after, and I think a lot of people don't
[00:30:51] go out because they're afraid, they're simply afraid of this encounter
[00:30:55] with the emptiness. In short, how
[00:30:58] to do it, everyone will forgive me but I'm allowed to because I am.
[00:31:03] That's what you need to do. Basically, I'm mentally prepared. You
[00:31:06] know, to put this price tag on your life, on your standard
[00:31:10] of living. So see how far you are from there. Check. I'm, I'm a bit far, I'm a bit
[00:31:14] far.
[00:31:17] Who connects to the dream?
[00:31:21] Where do you connect to it? I have many hobbies in life
[00:31:25] that I don't have time to do. You saw what he did for it? Saved
[00:31:28] 50% of his salary or more? Is that something you'd be
[00:31:32] willing to do because that's the price? I'm willing to live like
[00:31:35] a dog, literally. Hagar, I see you're not connecting. Absolutely not.
[00:31:39] connects. To prevent yourself and live
[00:31:41] in a rush. That's a big no-no.
[00:31:47] I want early retirement but not at any cost, my goal
[00:31:51] is that my quality of life will only grow over the years and at 55 I
[00:31:54] will live that quality of life or improve it in the coming years. So that's the plan right now.
[00:31:58] You're working for, I'm working my butt off
[00:32:02] to retire at 50-5 60.
[00:32:04] to retire.
[00:32:11] When investing in the capital market becomes the norm, boys and girls
[00:32:14] from families who don't know how to guide them on how to do it
[00:32:18] will be left behind. Into this vacuum enters the "Ovedim Nahon" (Working Right) association.
[00:32:21] The volunteers of the association meet teenagers right after
[00:32:25] high school. Most of them without guidance from home in this field. In an intensive course
[00:32:29] of three days, they will move from a state of complete
[00:32:32] lack of knowledge to mastery of basic concepts and principles of saving
[00:32:35] and investing, and will take their first steps on this
[00:32:38] journey. I'm going to ask a question now, if this
[00:32:42] question is valid for you, you remain standing.
[00:32:46] Who, in addition to a bank account, has a savings plan, not including a savings plan
[00:32:50] for every child, for whom this saving is in an investment
[00:32:53] channel, or the place that makes a mistake, what do you have a deposit, yes, you will
[00:32:57] sit, whose money is spread across several investment channels, I will also
[00:33:00] sit. What is important
[00:33:03] for you to understand is that there's no reason why
[00:33:07] all of you shouldn't have a lot of money when you grow up.
[00:33:10] A small thing you do at 18, 19, 20
[00:33:14] changes your life. To the extreme at 30,
[00:33:17] 40, 50, did you come from a wealthy home? No, did they talk
[00:33:20] to you about money, inheritance? No,
[00:33:23] honestly, they didn't talk to me about it. What would you expect to learn here? How can I
[00:33:27] invest my money in the best way, without much
[00:33:31] risk. Okay, what's your goal in life?
[00:33:34] At least until 25, to reach a situation of an apartment, that's less
[00:33:37] than 10 years. Do you think it's possible? Everything is possible. Good
[00:33:41] for me, how much do you want it? How much do you want it? Very much.
[00:33:45] We are going to learn what investment channels are, what are they in
[00:33:49] different tracks? A Provident Fund for investment, S&P,
[00:33:52] Nasdaq, stocks, IDF certificates, does any of this
[00:33:55] tell you anything? No, and you think that in two days you will know? I
[00:33:58] hope so, I would like to have more
[00:34:01] money in the future as well, and also to manage it
[00:34:04] correctly. What happens if I save every month, give me a number that you want
[00:34:08] to save every month? 400,
[00:34:11] 400, 40 years from now, I'm at 2.6
[00:34:14] million. Did you grow up in a home with money or without money? There
[00:34:18] is money but not in abundance. What do you expect
[00:34:22] to get from this workshop? The
[00:34:24] way, like, how do I actually make
[00:34:27] investments in stocks.
[00:34:31] And to really start doing
[00:34:32] it.
[00:34:35] Alright friends, we have now reached the final stage, the stage of
[00:34:39] investment. If I want to buy a car in
[00:34:42] a year, which track would interest me?
[00:34:56] Great, how much will it make in the next year, you don't know.
[00:34:59] Is it possible that in the next year it will lose money, good. How
[00:35:02] often do I check what's happening with the index? You are not forgotten,
[00:35:05] let me understand where we stand. Who is currently interested in opening an investment
[00:35:09] provident fund?
[00:35:12] Great, friends, very, very simple. Come on,
[00:35:15] let's open it.
[00:35:19] What did you take from the workshop? That they showed us physically the amounts
[00:35:22] we can earn in 30 years without doing
[00:35:26] anything, like it was 4 million and that,
[00:35:29] it's crazy. And then every month, I take from it, like
[00:35:33] to sit with my siblings and my mom and like whoever
[00:35:36] lives with me and to teach them, I have many young
[00:35:40] siblings, and my mom and dad probably aren't aware
[00:35:43] of it. Yesterday it seemed so
[00:35:46] complicated to me, today I manage to understand what everything
[00:35:50] means, whether it's investments, whether it's stocks, what is
[00:35:53] a stock?
[00:35:59] Maybe everything we said now is nonsense, and we are now at
[00:36:01] a point from which it won't
[00:36:04] look like it did before, and in another X amount of time we'll find ourselves on a graph
[00:36:08] that goes here and gets stuck, I don't know for 20 years like this, because
[00:36:12] whatever. What is the chance
[00:36:15] that it will happen? I strongly believe in the global economy, as long as people
[00:36:19] wake up in the morning for work and create companies, and we
[00:36:22] have Apple and we have Google and we have AI, and the world is developing,
[00:36:26] there's no reason that.
[00:36:28] And this is exactly the story of humanity, the moment it becomes a straight line, then probably
[00:36:32] that will also be the straight line of
[00:36:33] humanity.
[00:36:37] The capital market is not for everyone. When a big crash comes, and it
[00:36:40] will, young investors will discover their true risk
[00:36:44] tolerance. This will be the test of this revolution, whether
[00:36:48] the trauma of the stock market regulation crisis of banks will repeat itself or
[00:36:51] if this generation is truly different
[00:36:53] from its predecessors?