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The 4 Ways To Sell Stocks On M1 Finance Done Right! - YouTube
Channel: BrentInvesting
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hello everyone and thanks for tuning
into the financial investor channel my
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name is Brent and today and we're gonna
go over four ways you can sell on the m1
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finance platform I see this question pop
up a lot how do I sell stocks
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exchange-traded funds or PI's on the m1
finance platform is there a best method
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and today's video we're gonna be
covering all four methods of selling
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stocks on the m1 finance platform so if
you are brand new to the channel have
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not yet subscribed hit that subscribe
button below I cover the stock market
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dividends real estate personal finance
we're trying to hit 5,000 subscribers
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here on the channel so let's hit that
goal together build up this community if
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you enjoyed this video find a help will
hit the thumbs up and if you have any
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comments questions you'd like to ask or
have a video created here on the channel
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drop it in the comment section if it's a
comment that I believe will help all the
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viewers subscribers here I will go ahead
and make a video targeting that some
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sort of question and answering here on
the channel so with that out of the way
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let's go into the four ways you can sell
on the m1 finance platform I'm gonna go
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ahead and flip my screen around here to
my on screen here and currently we are
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inside the m1 finance desktop dashboard
now here we can see our equity our gains
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or losses etc now we're going to cover
four ways to sell now depending on how
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many stocks you have in your portfolio
you are going to have your either
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exchange-traded funds you're gonna have
your stocks you're gonna have pies here
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that you've created on the platform and
that's gonna be a piece of your slice
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now the very first way that you can
begin to sell on the m1 finance platform
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is by just on the main portfolio
dashboard you're gonna have a couple
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options here you can say like buy and
sell and select the sell option now here
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what you're going to be doing if you
were to select this put on $100.00 in
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here and sell if you had multiple
equities within this pie you would
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actually sell $100 worth of a random
amount of companies normally it would
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target the companies that you have
it would sell the overweight companies
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in your portfolio and you would have
$100 left in your account now this may
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sell Woonsocket could sell to stocks
depending on how many companies you have
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within your portfolio they could sell
any number of companies out there now
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this could create a bit of a headache
during tax season as each one of these
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sells and that doesn't say a taxable
County individual comp is a taxable
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event so you don't want to be doing this
method because if you're selling on the
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dash board Excel itself and selecting
sell and selling out of multiple port
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stocks that is creating multiple taxable
events and then you know not an OBE WeDo
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of no bueno scenario there now that is
the first method by clicking on your
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portfolio just selling out of all the
equities within your portfolio by the
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overweight ones a certain dollar amount
now the second method in my preferred
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method of selling stocks is to scroll
down here looking look for either your
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stock your exchange-traded fund or your
PI and open it up until you get down
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into the individual stock or
exchange-traded fund and select it now
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while you're inside of this specific
fund you can see here that the account
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is the individual account where now down
in the actual fund itself here we can
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sell this specific fund or stock or
security by selecting cell and what it
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would do here is if we sold this
specific company I could have a hundred
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stocks in this portfolio it would only
sell 100 dollars of this specific
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security and then jumping back out here
this could be probably a bad example
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I'll jump over into the Roth so in the
Roth I have multiple stocks here I could
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if I wanted to sell out a Cisco right
now say I'm up two hundred and ten
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dollars I want to take profits right now
I could specifically select Cisco go
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into buy sell drop over into the sell
and sell 210 210 dollars of my games I
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would be taking my gains out of the
market and just selling it and then I
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can move that 210 dollars elsewhere just
kind of leaving in cash in order to
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invest somewhere else or kind of way for
Cisco to come back down off their highs
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but that would
be the second method in my preferred
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method of selling on the m1 finance
platform now jump it back over into the
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individual in here now we've covered how
to sell from the portfolio we've covered
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how to sell individually now there's a
third auction here and that is by going
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and clicking the rebalance now if you
have this probably not a good one for
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here we'll jump over to the Roth again
if you have multiple stocks exchanging
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the funds or pies you can see that the
portfolio the pie up top is very jagged
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you can see Walmart up here very high
extended out around the dotted the
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dotted circle on the outside that is our
target percentages we can see here that
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Walmart exceeds the target by quite a
bit if we go over here and look for
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target let's go ahead and find target
target is currently set its current
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equity is at 4.6 out of the total
portfolio equity and its target percent
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is only 2% that is why it exceeds by so
much it is basically 2.6 percent over my
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target that I have set for Walmart that
is why this is extended now if I were to
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go in here and set like the rebalance
and then select confirm I would be able
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to rebalance everything it would sell
all of my overweight companies so if
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here if I reap out if I select here
it'll show you all of these companies
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here that are up towards the top all
right see that's the best way it'll
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settle out of all these physicians that
are overweight so this has a actual
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three point four of three percent three
point nine of three percent two point
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eight of three percent this is actually
underweight three point six of three
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percent this would sell point six five
point one of three percent this was
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basically sell two point one percent of
the equity here it would sell and it
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would move the overweight equity that is
there into these underweight positions
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basically bring in this portfolio
everything would be back and align all
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those jagged positions that are sticking
out will be back down into the actual
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soccer circle and everything would be
aligned within the portfolio but again
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if you're doing this in a taxable
account if you're going in here and
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selecting rebalance inside
a taxable count again this is creating
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another taxable event so you don't want
to be going in here and doing the
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buy/sell from the portfolio you don't
want to go in here and doing your
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rebalance here from your portfolio that
is gonna be creating taxable events for
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you and you don't know how many stocks
is gonna be selling you know I don't
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know how many stocks is gonna be buying
so every time you're doing this
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that's another taxable event on top of
each other now we've covered three ways
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we've covered how to sell from the
portfolio we've covered how to
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individually sell from the slices down
on the bottom portion we've talked about
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how to rebalance your portfolio and how
it'll sell overweight positions and buy
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into underweight positions now the
fourth and final option is by selecting
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edit now inside of the Edit here if I
were to bring in another company here
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I'm gonna go ahead and add Microsoft
here for this example and I'm gonna go
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ahead and hit save and confirm now the
fourth and final option is say I had say
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$100 in Microsoft and I had my Vanguard
SP 500 fund in there and I no longer
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wanted to be invested in Microsoft I
wanted to move all of my cash out of it
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I did it what you don't want to do if
you want to get rid of a specific stock
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all the way out of your portfolio don't
come in here target it and sell the
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equity what this will do is even if you
sell equity inside of a taxable event
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you're gonna sell a dollar amount out of
Microsoft even if I have $100 in
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Microsoft I come in here and punch $100
to sell of Microsoft now the next day
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the markets take off I now have a
hundred and twenty dollars of equity
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within Microsoft and I only sell a
hundred dollars of it I still have 20
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dollars of Microsoft in the account that
creates another taxable event for me in
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the future if I want to continue to sell
another $20 of that equity so instead of
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targeting a stock to sell out of your
portfolio this way if you want to get
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rid of it from your portfolio come on
down here into the edit option here
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you're gonna go ahead and select it and
remove it from your PI this is going to
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remove it as an investment from your
portfolio you're then gonna have to
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increase other portions of your
portfolio and order for you to hit that
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hundred percent rate
and then you're gonna save it what this
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does if because you have removed that
stock from your portfolio it'll actually
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be removed and sold during the next
trading day all those proceeds that
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equity will either be reinvested or
it'll sit in cash within your portfolio
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to be usable in an upcoming day so those
are the four ways of investing again you
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really want to be careful with it a
taxable account because each time you
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rebalance each time you sell from the
portfolio overall each time you edit or
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you just sell an individual stock down
here that creates a taxable event my
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preferred method of selling out of
stocks is just to target them
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specifically and sell if I were to sell
I very rarely sell or take profits I
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probably should be taking profits
currently at all-time highs but at this
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time I am not taking profits but again
we're going over the four methods of
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selling on the n1 finance platform so
again quick recap number one selling
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from the portfolio just overall selling
clicking here you won't have any control
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of how many stocks are actually selling
from it'll normally target you're
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overweight stocks but you have no way of
knowing which stocks in how many stocks
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you're going to be selling out of number
two going down into your slices
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targeting a specific PI and dig it into
the PI a specific stocker
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exchange-traded fund selecting that
specific stock or exchange-traded fund
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selecting buy and sell and selling a
portion of the equity this is not
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removing that specific stock from your
portfolio even if you have $100 and you
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sell $100 and it's a negative day you'll
probably still have that change left in
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the account or in this fund you don't
want to be selling it if you're moving
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out of the portfolio completely or the
stock completely you want to be going
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into the edit the third option was the
rebalance rebalancing your total
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portfolio so that everything is synced
in a circle it'll just look exactly like
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this everything there will be no
jaggedness to it it'll be all one circle
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very sync like and the fourth and final
option if you're trying to get rid of a
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company all the way out of your
portfolio you no longer want to be
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ambassador it you want to go into here
select it and remove it from your pie
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select other companies to meet that
hundred percent threshold and save so
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those are your four ways of selling on
the n1 finance platform I saw this
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question get brought up quite a bit I
really want to make a video because I
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see lots of investors jump it over to
this platform they're making sales by
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selecting individual stocks or exchanged
by exchange-traded fund they're selling
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that company but then they're still
invested but they didn't want to be
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invested in any more so go into your
edit remove the pie or the stock from
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your portfolio and then you're no longer
gonna be invested in it just remember
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again taxable accounts those are all
taxable events and you will have to pay
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taxes on your lot on your gains and
you'll be able to tax harvest your
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losses so that is it for today's video
if you have enjoyed today's video hit
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the thumbs up button below I really
appreciate all the feedback that I have
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been receiving here from the community
if you have not yet subscribed I would
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HIGHLY appreciate it if you do subscribe
we're trying to hit 5,000 subscribers
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here in the community and of course if
you have a question that you would like
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to have asked here on the channel about
the video about stock market dividends
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real estate personal finance drop it
into the comment section below
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I do read and reply to all your comments
and that is it thank you all for tuning
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in I will see you next time have a great
day bye
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