As-salamu alaykum, everyone. I hope you are doing well. Today is Thursday, May eighth, and we had a monster day in the markets. The Russell, which is on your screen right now, is up close to two percent just today. The yields on the ten year treasury were up two point six percent. Dow Jones, S&P, NASDAQ, all in the green, albeit less than one percent each. Some of our positions had monster gains today. Nineteen percent for Bitdeer. We had dogecoin do close to fifteen percent and still on its way up uh these are all things that we ended up loading up on uh in the pullback if you're not a pif member do become a pif member to see our trades and when we move and become part of our community by the way leave a like let's get this live to a hundred likes like we did last week really appreciate that gold is down and it does appear that the market is a bit more risk on than risk off at this particular moment the vix remains elevated though level of uncertainty in the market volatility in the market remains elevated uh definitely uh has dropped from its peaks but it's still at twenty two If you compare it with the last few years, that is an elevated level. So let's talk about what happened today and the rocket ship that the market appears to be on as of this hour. Tesla up three point one four percent. Not bad. We'll take it. Most of the mag seven is in green. And a lot of the defensive stocks, the risk off stocks, they are in red. And what happened? Well, a trade deal with the UK happened that is between the United States and the United Kingdom. And based on the true social account of the White House, it says that basically UK tariffs were dropped from five point one to one point eight percent, whereas U.S. tariffs went from three point four percent to a flat ten percent rate, which seems to be the minimum that anyone's going to get. And by the way, the UK had it easy when it comes to tariffs because they were actually running a deficit with the United States. That is, the United States had a surplus with the UK and yet they were slapped with the ten percent tariff. And even despite the fact that they're basically the number one ally of the United States, And they're also claiming that the United States got unprecedented access to billions of dollars of market where it can sell a bunch of stuff that it produces, as you can see, ethanol, beef, cereals, fruits, etc. The question in my mind is how accurate is this screenshot of or summary of the tariff deal, what is actually hidden in the deal that is not necessarily being talked about by the US administration. I'm assuming the United Kingdom didn't just roll over to the US demands. Now, if it did roll over, then it's likely that not many more trade deals will happen. If the United States is not showing any flexibility and is insisting on sort of one-sided agreements, then it's unlikely that we get a lot more trade deals done. But if this was actually a good deal where both sides walked away a little unhappy with what they got, and that's really the best type of deal, then This could signal, OK, the U.S. administration is actually serious about getting deals done and maybe we see a bunch of other deals done soon. So we shall see. Donald Trump said the agreement with the United Kingdom is a full and comprehensive one that will cement the relationship between the United States and the United Kingdom for many years to come because. of our long time history and allegiance together. It is a great honor to have the United Kingdom as our first announcement. Many other deals, which are in serious stages of negotiations to follow. What I heard from the Japan negotiators is that basically they were not going to cave on everything that the U.S. was asking for. And so we'll see. Again, if the U.S. administration is being reasonable with its negotiation demands, then we might get more deals. If the deal with the U.K. was actually one-sided and the summary that we're seeing is actually close to reality then perhaps the uk decided to sort of bite the bullet and do this deal because of its need for the united states and not many other companies or countries may necessarily share this this feeling, this thinking that the UK has. So we'll see. All right. And markets are back in greed territory, solidly in greed territory. Bitcoin is up. I just glossed over this. Didn't mention Bitcoin is over a hundred thousand. It is flirting with, since it's on its upward trajectory, let's say it's flirting with a hundred and four thousand. As I mentioned, if you'll recall on this live, the price of gold and the correlation between bitcoin and gold suggests that bitcoin could go a lot higher from here in very short order and indeed that's that's what's happening and correlated with bitcoin we have uh dogecoin which tends to move in a very narrow window a lot more than bitcoin does on a percentage basis And if you're wondering, okay, well, how big could Bitcoin get? Well, as a store of value, if you look at the other assets that are used as stores of value, if you look at just fiat currency, that's at a close to a hundred and thirty trillion equities, one hundred thirty five trillion bonds, three hundred eighteen trillion real estate, three hundred seventy trillion. Some percentage of that conceivably could move to Bitcoin. And even if you're just comparing it to gold, gold is at twenty two trillion. So more than X, basically what Bitcoin is at right now. So I would say if you want to know the potential for Bitcoin's price, it is right there. Ethereum's price, I thought this was very interesting. This is from Jack Mahler. Ethereum's price each time Bitcoin hits a hundred thousand, you can see it is on a downward trajectory, folks. First time Bitcoin hit at a hundred thousand, Ethereum was at four thousand dollars. Now, even though it had a nice day, it's up twenty one percent, close to twenty two percent. It is at twenty two hundred dollars. So don't get fooled by the day-to-day movements. There are some assets that are simply better than others. Which brings me to the rules for the road. As sentiment seems to be changing in the market, but I expect a lot of volatility, by the way. News is going to be... fast coming. Some of it will be positive. Some of it will not be, but rules for the road. When you have days like today, you want to make sure before days like today come around that you're in the best assets are the ones that are going to do the best. They're going to have the most resilience on the way down. And do the best on the way up. Understand value versus price. If you're thinking, should I take profits now? Should I not take profits now? Well, do you understand the value of the thing that you're holding? Compare that to the price. Are they in sync? Has one ran ahead of the other? Act accordingly. Don't chase. Don't FOMO into stuff that's going up just because it's going up without considering the second bullet here, which is value versus price. Take profits. make sure you have take profit prices for the assets that you hold. And when you go above that, don't convince yourself that those limits that you set no longer apply. Do what you said you were going to do before you were excited by the price movement and take profits. Take, as I always say, you should take enough profits that you feel good. If things change, go down again and you're happy as well if things continue to go up because you've retained a position. And when you're tempted to take a screenshot of your portfolio, show it to your friends, show it to your wife, show it to your family, show it to your husband, anyone. When you're tempted to take a screenshot of your portfolio, that's your sign to sell. So instead of taking a screenshot, stop yourself and and take profits so with that being said let's go to questions very quickly uh when will pll have the bit dear moment gotta wait on that one uh all depends on lithium prices lubna says brother can me Thanks, Lubna. I really appreciate it. Brother Akan means it when he says join PIF and become a member. He wants you to get the most profits. His mission is to help us all become wealthy, free Muslims, to help ourselves and our communities. This is indeed true. And thank you very much, Lubna. Hussam says, Assalamualaikum, Brother Akan. Waalaikumsalam. Hope you're doing great and as happy as us, the PIF members, with how the portfolio is doing. Alhamdulillah. Thank you so much, Hussam. I really appreciate that. My thoughts on dropping ETH if I get to entry point and moving to something else. Yeah, Hussam, to be honest, I'm not really a fan of ETH. You saw that chart of every time Bitcoin hits a hundred thousand where Ethereum has been and the trend is not positive. Hussam says, Alhamdulillah for everything in PIF. Hope the meeting goes well with China over the weekend. Yeah, inshallah. By the way, very interesting statement. The Chinese hardware, military hardware, has proven very effective in the conflict between Pakistan and India. You have basically China being the main supplier of Pakistan and had a pretty great showing against India in the recent conflict. And Rafael planes and other Western weapons manufacturers are probably not happy with the performance of their hardware. I wonder if this weighs on the probability of the conflict and maybe making it more likely if China feels like their weapon systems are now tested against Western weapon systems, maybe higher probability that something happens with Taiwan or Yeah, maybe less aggressiveness from the West. Who knows? We shall see. But interesting development there. Thank you, Lubna. I really appreciate that. Ace says, Salam, what are your thoughts on Tesla given revenue from EVs are falling but Robotaxi launch in June? Well, I will tell you Tesla is our biggest position. So those are my thoughts. I put my money where my mouth is. And I believe Tesla is close to an inflection point. And my goal is to get our PIF portfolio to three hundred shares because My goal is to get a thousand head-on conscious investors to a million dollars. I think if we get our PIF portfolio to three hundred shares, inshallah, these three hundred shares will become worth a million dollars in the future. And I see you, Nasnaz. Renegade, assalamu alaikum. Do you think Doge will move up? Yes, I do. I'm at Maddox. Salam, brother. I have been just holding my BTC. Do you think it's worth taking some profits from BTC? Um, depends on what your goals are brother and what you want to do with the money. Uh, but as a general rule, I, I like to take profits on the way up. But if you're okay with, you know, a pullback. It's not going to affect you at all. You think you have the temperament for it. Just huddle. And I think as you saw in that slide about the potential of BTC, this thing could go a lot higher. Turkish jammers also used, according to some analysts, the Turkish manufacturing in general is really on the up and up. I experienced that when I was living in Turkey, Turkish products are comparable to any other product produced by very well-known companies in the West. Still looking for good Turkish companies that are accessible to PIF members so that we can invest in them. If you have any suggestions for that, something that's available on, you know, major brokerages, then let me know. Abdul Al-Amarati, Salam Aleikum brother. Bitdeer went up. Do you recommend taking some profits? Well, that's why we have take profits prices, Abdul, but you know, if it makes you feel happier, then, then take some profits. Uh, for me, but there is more longer term, but, um, I do think it makes sense that, you know, when you have very strong days to, to take some profit by Pakistan, who is using the equipment is also a very important factor. Yes, indeed, brother. And. The Pakistanis are an extremely impressive people, very extremely high IQ. So I'm not surprised. Sven says, hey, nice to see you Sven. It's been a while. Thank you for all that you do. Well, it's my pleasure, brother. Nice of you to drop in. uh tempest ai uh I might do a live on them soon uh check out our look now check out our take profits price that's a good company we're actually discussing the earnings report today so yeah I'll have more to share with pif numbers inshallah tomorrow this fighter jet is not enough flying the best pilots with skills make the difference of course uh in the faith yes do you believe big deer will go up to who knows but I think on a long enough time scale it will what do you think of investing in turkey's real estate well Warren Buffett was saying, I highly advise listening to his talk over the weekend, sharing his wisdom, investing wisdom. And he was mentioning like real estate is a lot more difficult than stocks are. Highly recommend watching that video. But if you're familiar with Turkey's real estate market, and you know you have someone there that can help you and you trust them then yes maybe um but I mean you know turkey's real estate is I mean turkey's a big country so it really depends on what you're talking about uh some real estate is going to do fantastic I think generally they'll They'll appreciate. Will they appreciate as fast as, I don't know, the PIF portfolio? I don't know. It depends on what particular piece of real estate we're talking about. Hamad Maddox says, Jazak, love for the reply. I am in it for the long term with BTC and Sol. Yeah, it's my pleasure. And I think that I'll probably, personally, I'll probably sell Sol I know I've mentioned in the three hundreds, maybe I'll do it in the two hundreds. We'll see. With that being said, leave a like, as I mentioned, become a PIF member if you aren't already. Love you all. Thanks for coming. Until next time, take care of yourself. Assalamualaikum and peace be upon you all.