Como investir 10 mil reais na bolsa americana em 2026

How would I invest R $ 10,000 in the U.S. stock market now in 2026, given all the gains we've seen with artificial intelligence, with everything looking expensive, how would I start with R $ 10,000? Where would I direct this money abroad? That is exactly what I will show you here in practice. How I would build this portfolio with R $ 10,000, where I would invest, what the assets are, the sectors, and why. I think it's important to start by understanding the reason for this video. Right now, I have been receiving many questions about the current state of the U.S. market and how there are no opportunities or no way for you to start now, that everything is very expensive, right? And it is important to show that in 2026 the U.S. stock market is up more than 12%, at least through September, which is when I am recording this video. An important point is that we started the year in the negative, at -8%, and the market has already risen more than 20%from its low this year. And so people are left wondering, "Gee, is there nothing interesting left now?" What strategies would I use? So I will show you, given this scenario, where I would allocate this cash. So, to show you this in practice, so we can get straight to the point, I put together a spreadsheet with my team where I basically entered the value of R $ 10,000, and I will show you asset by asset: the sectors, the justification, the percentages, and how much would be invested in each of the assets according to our choices. It is important to mention that before I put any asset here and justify the sectors as well, it is important to say that these are just examples, right? The idea here is to bring you the line of thinking on how opportunities exist or what I am betting on for the future, and that within each box, each sector, there are thousands of assets you can choose from. So, if we go to the technology sector, for example, I will necessarily bring a company here, but you can choose 100 or 200 other alternatives you have in that field. So , it is very important to note that this is not the perfect portfolio; it is more for you to look at the sector and the reasoning I am bringing here to you. Well, the first asset I am going to put in the portfolio—and for me, this must be in every investment portfolio abroad without fail—is the VOO ETF. The VOO ETF buys the 500 largest companies in the United States and it rotates them over the years. So if Google, for example, is no longer in the top 10, or one day never is again, it will swap it for one that is bigger than Google, and so it goes. So you basically never lose money with VOO in the long run. It’s like a surefire bet. It has a growth consistency of 10 to 12%over the last 30 years, right? 10 to 12%annual return, and it’s the bread and butter of any portfolio. So we start with it here so we don’t create other expectations later on without having it in the portfolio. So I’m going to include the VOO ETF, okay? And you can replace it with SPY or others that have the same thesis, okay? So here I’ll put S&P 500, and the type is an ETF, okay? I will share the percentage with you later to make it easier. Let’s look at the sectors first. Now, when we start talking about the next sectors, I think there are ones we should also avoid at this current moment in 2026. In this image here, we can see how interesting small caps, mid caps, and large caps are for the current moment. And what does that mean here? It means companies of a giant, enormous size, right? Google and Microsoft are in here. Mid caps are mid-sized companies, right? with a size not too big, but not too small. And Small Caps are the very tiny companies, right, those with a lot of risk, but that have a very small market value. And you can observe that 43%of small-cap companies don't make a profit , right? And today they are trading at a price-to-earnings ratio of 25 times. In other words, the higher the price-to-earnings ratio, the more you are paying for those companies 'profits . So it’s a sector you have to be a bit careful with, because if interest rates go up this year, you will basically have a problem here, right? Because the higher the interest rates in the country, the less risk people want to take. They will invest in fixed income, and therefore, the attractiveness for small caps decreases . So, given a scenario where we might increase interest rates this year, I would see the small-cap sector as having a lot of risk. And perhaps for a beginner portfolio of 10,000 or 1,000 reais, I wouldn't put them in, partly because of the average prices we have been seeing. And the large-cap and mid-cap sector, you know, which are giant or medium-sized companies, they are at an attractive price-to-earnings ratio and are being very profitable. Especially the big techs, you know, now with AI and technology advancing significantly, they are increasing margins and increasing profit, which is also very interesting for the long term . Well, given this, it becomes clear why I won't put any small caps in this portfolio at this moment. But now we are moving to another sector that, in my opinion, has a lot of potential for the long term, especially in an initial portfolio, looking at the next 5 to 10 years, which is the information security sector, or as we call it abroad, cybersecurity. This is here to show you that as the years go by, the power that artificial intelligence will have in its hands will become increasingly risky, right? How much it will be able to do things for us and also how risky that is, right? It may actually cross the security line here and do things we didn't allow. We can see that in the long term, artificial intelligence agents or companies that use these agents will have an increasingly greater risk. And you see that companies that don't use the agent will also have a higher risk over time, but with lower growth than those that use artificial intelligence. And, taking a study from one of the information security companies, they showed that there was an 8%increase in attacks by AI-enabled adversaries and that the average time for an internet crime to occur has decreased over this time and the speed has increased; for example, 65%in 2025 compared to 2024. In other words, the attacks have not decreased with AI in our market today. And the more we use it, the greater the risk and the greater the number of people using it for evil. Also understood this, there is an ETF that is called Cyber, which is the HACK ticker. It is basically about cybersecurity and is an ETF. It buys companies in the information security sector. If we look at the assets it buys, we have here Palo Alto, CrowdStrike, Fortinet, Broadcom, Cloudflare, that is, only companies involved in this type of data protection field. And looking a little at this type of ETF, in 2026 it has been appreciating more than 31%, and in the long term, it is a winning ETF, right? You can see it's been on the market since 2015 and has brought over 360%in returns. And what's interesting is that you can also eventually add another asset that is inside this ETF to your portfolio. So let's suppose we want the Cyber ETF, but I also want to include Palo Alto stock, right, which ends up having good profitability, has a slightly higher risk, but would be interesting because they are directly involved in this sector. So you can very well here, I'll skip a few lines just to make it clearer, P NW, put here a direct company from this field, in case you want to further increase your exposure to this type of sector. Well, now we enter another sector that has to do with everything we've discussed here , but is currently on the rise, which is the semiconductor and chip sector, which are increasingly necessary in this artificial intelligence race. The point is that it might seem like this sector is very expensive due to the rallies we've seen in recent months. But if we look at the current price-to-earnings ratio of semiconductor companies, they are being traded at the same P/E level as healthcare companies, which historically stayed at the 18 times earnings level and are conservative. In other words, I'm looking at a sector with high demand, which is the main focus today in the artificial intelligence race, trading at a price-to-earnings ratio equal to a conservative healthcare sector. And this means that even though semiconductor stock prices have risen a lot in recent months, their earnings are above that, meaning they are delivering great results. So it's not because the price dropped, but rather because their profits increased significantly. And that's where the opportunity lies. An ETF that I've always mentioned here to you for years is the SOXX ETF, right? It buys semiconductor companies, and just this year in 2026, it appreciated more than 75%. You also have an ETF called SMH. It's also from the same competing sector, but it has a bigger focus on Nvidia, for example, but even so, it brought almost 60%this year in 2026 and focuses on semiconductor companies. If you look, this is an ETF that buys Nvidia here, in the case of SOXX, Micron, Broadcom, Intel, Applied Materials, Lam Research, which are gigantic companies in this field. So, you don't necessarily need to invest in one of them, but here you have the sector as a whole. So, in my opinion, an ETF like SOXX shouldn't be missing. I'll add SMH here to diversify a bit into the semiconductor sector at the moment. Well, to complement this, I see a lot of opportunity in several large companies in the market, like I showed you in that initial chart, which are delivering profits but are at more attractive prices. That is work we do very well at Dolaram, right? We look for good companies at cheap prices, and one that has held back its rise a lot in 2026 is Microsoft, which is a company with some of the best fundamentals on the US stock market, with top revenue, profit growth, margins, cash, investing heavily in AI, and growing its cloud revenue significantly due to artificial intelligence. And certainly, this type of company rising 2%in a year like this shows opportunity, doesn't it? In fact, it's a company that hit $ 500 here, right? So, looking at companies of this size that are a bit discounted ends up making a lot of sense for an initial portfolio, since you're picking a well-consolidated company, right? So here, Microsoft is in the technology sector and it turns out to be a stock. I ended up stating that PANW is a stock , an ETF, but it is actually a stock here as well. Then you might say, "Léo , you're too focused on the technology sector." Hold on, we haven't really delved deep into it yet. Well, another sector where I see a lot of opportunity for 2026 and beyond, especially at the current moment with rising interest rates, is the banking sector, okay? Here you can see, for example, the profit the banking sector has been delivering in recent quarters, which has been increasing over the years, and it's the type of company that can handle both higher and lower interest rates very well. Furthermore, since banks end up borrowing money short-term and lending long-term, the greater the spread between the 10-year rate compared to the 2-year interest rate, the better it is for banks and the higher their profit margin. So, we can see that since 2023 there has been a margin well-directed toward the 10-year US Treasury, which has a more attractive rate than the 2-year one. This means that banks are borrowing money, paying less today, and lending long-term, for 10 years, charging more. So, the higher this chart goes, the better it is, and the greater the margin for these banks working with loans and debt. So, it shows that the current moment is very profitable for banks, especially if we have interest rate hikes now. With that, you can look into several banks that exist today on the American stock exchange, okay? But one of them that I find quite interesting is Bank of America, which is one of the largest banks in the world today and also happens to have good numbers. So I'll put the financial sector here as an option too. And you can look at others that exist, right? You have JP Morgan, you have Royal Bank , Wells Fargo, and several others that could be an opportunity, but focus here , mainly on the sector. Another sector that I wouldn't fail to include in the portfolio, especially at the current moment, is the healthcare sector, okay? Regardless of what happens, it is a highly sought-after sector in the long term, understanding that we are in a trend of having more old people in the world than young ones and in need of healthcare services, right? Even with technology advancing a lot in this area . So you have an ETF, for example, called XLV, which buys the healthcare sector, or you can look at some specific company in this sector, right? You have, for example, Eli Lilly, J&J, which is very good, AbbVie, Merck, UnitedHealth is also sensational, Thermo Fisher, Pfizer. So, Intuitive Surgical is sensational. So what I would do, for example, I would put J&J in the portfolio, and if I wanted to take a little more risk, I would include Intuitive Surgical, which is a company that performs robotic surgery. And today that is something very normal . In fact, here in Brazil, there are already some of them operating, where the doctor uses a computer to perform surgery on a human, right? And with a much lower error rate than a human operating, because the machine basically will hardly make any operational error, even with a doctor behind it. So it ends up helping a lot, you have more indicators, it works very well, and it's a type of sector that will grow a lot. So, if you take the healthcare sector and mix it with technology, which is the case with this company, it ends up being very attractive. So, those are two stocks here, for example, that I would add to the portfolio to diversify. Another sector that, in my opinion, couldn't be left out is the supermarket and consumer sector, right? Because it's something people will always need, so regardless, it will continue to grow. And then you have one of the, you know, most famous names, which is the Costco sector, right, which is basically a retail, a wholesale club, where you have a subscription you pay to access the supermarket and do your shopping. And you can observe, right, this is a stock that's up more than 12,000%since '86 on the stock market, delivers great results, and could certainly be part of a portfolio here of 10,000 or 1,000 reais, for example, for those who are starting or are heading in that direction. So, I'll put the consumer sector here and a stock as well. Well, now we move on to a sector that to me also has a lot of potential in the long term. And I see that entering today there is also an opportunity, which is the data center sector, right? What are data centers? They are those gigantic warehouses, full of computers, where you have data processing. And artificial intelligence makes a lot of use of this to process the data requested within the AI, right? So, when you ask a question on ChatGPT or in the cloud, they send it to the data center, it processes the information and sends it back here to your computer . And with the growth in the use of technology, the internet, and artificial intelligence, there is an increasing demand for data centers. And we can observe that the construction, the value spent on the construction, right, of data centers, today, is higher than the amount spent in the United States on the construction of offices, right, reversing this trend a bit, right, that people today prefer to stay home and work via the internet than to build an office and work in person, understanding the demand for data centers. In fact, there is an Oxford study showing it is estimated the world will spend a total of 50 trillion dollars on artificial intelligence data centers by 2050. So, a lot of money is still going to be injected into this data center sector. And so, when you look at the data center, you have several things there that fit together to grow along with it . The first sector that fits within the data center is the energy sector. And in the energy sector, you have two very important sides here. The first of them , the oil sector, which has been doing very well now with conflicts between the United States, Iran, uh, and other possible conflicts. And in my opinion, it is always good to have some commodity exposure, like oil or gold, to protect your portfolio. And so that is one type of energy sector, but when we look at data centers, we end up looking at traditional energy consumption, right? So, a company like Vistra, which has increasingly specialized in providing energy to data centers, ends up gaining a lot of value , right? Since 2024, the company has already risen over 500%and has long-term potential looking at this niche, right? Because energy will be in ever-increasing demand. And so, how will companies deal with that, right? No one knows. Everyone will have to seek a renewable energy source, or a common, standard energy source today, like Vistra, to continue powering these data centers. So, you could very well place a company from the oil sector a bit further down here, which would be a hedge—and that's why I left it a bit separate—and add a Vistra, for example, ticker VST, to also be connected to this sector here. Another sector, in my opinion, that makes a lot of sense and will continue to grow in the long term because of data centers and other things within that, is the industrial sector. And when I say industrial sector, I mean the construction sector. So, within the ETF , for example, XLI, you have companies like Caterpillar, John Deere, and Boeing, Uber, right? Well, not quite 100%, right? Because you are talking about the industrial sector as a whole, but for instance, Caterpillar and John Deere are tractor companies that are normally used either in rural areas or mainly in urban construction. So these are companies that could make sense in a portfolio, depending on the timing, the sector, or what you also believe in , right? So let's assume here that I'm going to add a John Deere here, which is in the construction sector—well, actually, the industrial sector, right? To make it a bit easier. And again, here you can expand to a gigantic range of assets and sectors that make sense to you. Well, and last but not least, we have the REITs side, right? And fitting within data centers, we have two really cool REITs, one of which is Equinix. When I say REIT, it is an American real estate investment trust, okay? So it's basically a company that buys properties and uses them for rent, etc. When I talk about Equinix, it’s a company that buys real estate or data centers and houses them inside. So you have here, for example, Equinix up 147% , right? But if you look at this year, 2026, it's growing 36%within the real estate sector by buying data centers. Another example is Digital Realty, right, which is another REIT in the data center sector that is growing 22% this year. So, for example, I can very well put DLR here, which is in the data center sector and is a REIT. Well, now that we understand these sectors and some of the divisions I’ve made here today for a portfolio of 10,000, 1,000, right? We now move on to the percentage part, how much of a percentage I will allocate to each of these classes. And this is where the main point of what you need to understand comes in. But first, it's important to know that to make a good choice of assets to put in your portfolio, you need knowledge; you need someone helping you direct your investments. So I wanted to show you, before we set the percentages, a little bit of what Dolaram does, my company, to help you invest better in the United States. We have our own platform focused on the international market, so we don't deal with anything from Brazil ; we focus only abroad. And inside this platform, we have recommended portfolios, meaning stocks that I actually buy and believe in from various sectors, right? Including stocks, ETFs, and REITs that you can add to your portfolio while understanding the maximum price you should pay. We also include when we exit, you know, the sale. So this is very important because you will gain information about assets you can choose to include in your initial portfolio. In addition, we have a portfolio section where you can register all assets from around the world, whether from Brazil or abroad, and track the positions you have, the percentages, and how much you need to increase or decrease based on the goal you set. Our portfolio tool is super complete, right ? You track your yield, you track the dividends your portfolio is generating in dollars, reais, euros, or whatever you find best; it covers the whole world. And we also have a forum here, you know, with only people focused on foreign markets. So here we talk about what we're investing in, questions we have about the international market, what you think is interesting, what isn't. I post my investments here, and we also have training sessions, right? So if you want to delve deeper into investing abroad, how to do it, which are the best brokerages, I have recorded training explaining it step-by-step for you. Plus, every 15 days, we have a live class where I talk a little bit about the market and answer your questions. So, if you're interested in joining Dollar M One, which is this package where you access our platform, get recommended portfolios, the forum, and training, I'll leave the QR code on the screen and the link in the description. You fill out the form briefly and I'll get in touch with you to show you how you can be part of this major international investment community, which will surely help you a lot in deciding which assets will be part of your portfolio, right? Which ones we actually buy and having that consistency of updates over the coming months, right? So you'll never be in the dark, wondering, what's the next step? Oh, it's falling, what do I do now? We will always be guiding you so you can focus on making money at your job and let us help you manage your investments very well, which is what we do all day long. Well, now moving on to the percentages here, how would I do it? Okay? In my opinion, with ETFs, you don't need to be afraid of the percentage you're going to allocate, because an ETF is already very diversified, right? It's a fund, it buys several companies within it. So , if you want to put 10%or if you want to put 100%into a single ETF in your portfolio, there's no problem. The point is which ETF you're going to put that percentage into and the risk you want to take. These two ETFs here are riskier. So, if you have a conservative profile, even if you have 10,000 or 1,000, it's important that you allocate a smaller percentage. So, for example, I could very well put 10%or 15%in the VOO ETF, 5%in the information security ETF, and 5%in the semiconductor ETF. So here we already have 25%of the portfolio in ETFs, which would make a lot of sense, along with the amount you would invest in each one. It's good to remember that abroad, when you invest in the US stock market, you can buy ETFs, stocks, or REITs fractionally. So you can buy 0.01, 0.1, 0.53. So if you have 500 dollars, you'll be able to buy 500 dollars of these ETF shares, regardless of their price, receive dividends, and profit from the appreciation. So this is really cool, even if your contribution isn't that high. When we look at stocks, it will depend a lot on the risk you want to take as well, okay? So, oh, Leo, I have a more conservative profile, focus on putting a larger percentage into ETFs. Oh, Leo, I like having stocks in my portfolio. Then, great. Then you can put, uh, 30%or 25%of the portfolio here into stocks. So, what I can do here is even increase it a bit more, put 10% here in each of these ETFs. We're already at 35%of the portfolio. And then I'll divide that 25%equally among all the stocks. So I basically have to take 25 and divide by 9, right, which gives less than 3%. So let's assume I'm going to put 2.5%here into all these, these stocks, right? I'll have here your 22.5%. And what do I usually do? I set an equal percentage. So I want to have 25%in stocks, I divide the percentage equally. And then I'll change the percentage according to what I already have by sector and the risk I want to take. So for the oil sector, I think you should have 5%of the portfolio. So I'll increase it a little here. Look, we see that we have a lot of the technology and cybersecurity sectors, so the risk might be a bit higher. So let's put here, maintain the 2.5%, increase the financial sector a little to 5%, let's increase the healthcare sector a bit to 5%, the consumer sector also to 5%, which is a bit more conservative, and leave these other percentages. Well, here I'm saying that I have 32%in stocks, is that okay? Well, I want to take this risk, okay? So, game on. Ah, REITs here , I want to have, uh, 10%in the DLR ETF , which is more or less what I would put. I rarely put more than 10%into a single asset, whether it's a stock or a REIT, unless it's an ETF. So, for ETFs, I do put in more than 10%. In stocks and REITs, I don't go over 10%because you have to really believe in the position you're investing in. So, you see that if I do it this way, we have 77%of the portfolio. Then you can either increase your exposure slightly in the stocks you're adding by looking at the sectors, to see if you aren't putting too much into one specific sector. So, look, there are semiconductor and cybersecurity ETFs. If you take a large position here, for example, you'll be increasing your exposure to semiconductors even further . So, in this case, I could easily increase this to 20%, bring this one up to 15%, and allocate the 7%to other assets here, for example, to reach 100% . So, I would follow that approach, okay? I think diversification—the most important thing is to understand this game. Hardly ever put more than 10 %into individual assets, like stocks or REITs. Focus more on ETFs. And then, depending on your risk tolerance, you diversify. "Oh, Leo, I want to take more risks.""I like a portfolio that's going to really hit it big." Then you put a higher percentage, for example, in technology. So I would decrease, for instance, the consumer sector here to 5 %and increase Microsoft to 5%, right? For example, 4.5%here to make up the percentage. "Oh, I want to decrease the healthcare sector to increase it a bit in healthcare with technology." So you'll put your 5 or 4.5%here to make it work. So that is exactly the kind of thinking you need to have when you're setting your percentages. And that is exactly the kind of work—though obviously much more in-depth—that we do with our clients here, okay? We, in a way, try to look at what the goal and profile are. So you are looking here at how we actually build portfolios; today we have nearly 1 billion reais under management at Dolaram. And by following this path, you will certainly be very assertive. Obviously, it will depend a lot on which specific assets you are directing that money toward, okay? And what all investors, in my opinion, tend to of the scenario...you'll have stocks falling, stocks rising; your portfolio may drop a bit more, your portfolio may rise a bit more. But what matters is building a good portfolio and keeping contributions to it constant every month, right? And there's even a study I always like to show where a person invested $ 1,000 since 1989 in the American stock market. And the person who maintained their investment without , in a way, trading, selling stocks when they're falling, buying when they're rising or vice-versa, would have $ 4.6 million today, right? This here at the end of August 2026. In other words, that person who invested $ 1,000 in '89 and held until 2026 would have 4 million dollars. But if you were a person who missed the five best days since '89, right, in the American stock market, you would have a little less than 3 million dollars today. What does that mean? That if you exit, sell your stocks and stay out and miss, right, the five best days of growth, just five days out of all these 30, 40 years that you're investing, you basically lose 1 million, uh, in the final total of the wealth you have. And the more days you miss, the more you stay out of the American market during those highs, the smaller your final value will be after a few years, right? So, if you miss the 10 best days, your final value is 2 million, which is less than half the value you should have if you had just kept your investments. So, keep that in your head, because it is very important . It’s no use setting up a good portfolio but not maintaining consistency in contributions or selling everything when stocks fall. Well, with all that understood, now I will answer some questions, doubts that you leave here on the latest videos on my channel . So, whenever you have a question, leave it here below in the comments. And the first one is from Lincoln, who commented: "Good morning, Léo. I want to invest with Dolaram, but I would like to go personally to see the building, the company's office, and talk in person with whoever will look after my portfolio. Do you allow that? Yes, okay, Lincoln. And in your case, it would be consulting, which is an additional service. You can fill out the same form here below, whether it's for One or for consulting, which are the two products we have, right? The One, which is the one I presented to you, is you do it on your own. The consulting service is something we do for you. In your case, if you want someone to take care of your assets, it’s consulting. You can fill out the same form here in the video, and we will direct you. And yes, that’s not a problem. You can come here to the office. And that is actually what many consulting clients do, okay? They come here, we welcome them, assist them, and show them how their portfolio is doing. So, for those who like this type of service, we have it too. Another question here is from Contabilidade Finanças, saying:" Leo, good morning. Can you talk a bit about when you should take profit on a stock, the pros and cons? "Well, that is a question that many people ask and it's not so simple to answer, but how do I handle it? I only sell a stock in a few scenarios. The first one is if it loses the fundamentals that made me buy it. So, ah, I bought it because it’s growing so much, it has potential, and it loses that potential. I think that’s a way for us to exit and sell. The second is if that stock is way above its fair value. That happens quite a bit, okay? And, well, on your own, you won't be able to do that. You will need someone to help you. In this case, Dolaram does that with the recommendations we have. We state there , look, the fair price for you to pay for a company is this much. If it goes 30%above that, man, it’s a sell, right? Because you’ll make a lot of profit and it’s no longer worth buying at the price it’s at today. So that is a scenario that happens every once in a while. And another scenario is basically, say, you saved an ideal amount of wealth to buy a house, and then you go ahead and sell. So there are those three ways. Either its fundamentals no longer make sense, or it’s basically trading well above the fair price to be paid for it, or you want to realize profit because you actually want to use that money, because I think everyone saves for some purpose, right? And then you will have to sell your assets. And the third question here is from Guto saying he follows us a lot here, likes our work, and that it helped a lot when he was starting out. And then he talks about Sandisk, right, and a company in the healthcare sector. I think SanDisk is a great company, but it's overpriced, at a very high price point given its current momentum. And for the defense sector, I really like Lockheed Martin, it’s a great company, and GD, I haven't looked at it in a while, so I couldn't give an opinion here. So, there’s your opinion. And even talking a little, right, about what Guto said here, that he follows my work , that it helped a lot when he was starting out. I think it’s really cool when I run into people on the street and they talk to me, whether it's at church or even at the dealership I go to, people say," Hey, Léo, are you Léo? Man, that’s cool, I watch your videos a lot, you don't know how much you helped me invest abroad. "I think that’s really cool. Yeah, the other day I went to BMW and I met the salesman, he said," Man, Léo, I watch your videos, look at my portfolio here, look how crazy this is. "I went to see a car and the person selling it knew me, which obviously made it much easier for us to start talking, but also for me to realize how much we help people, which sometimes we don't see, right? So it’s really cool to see that at church too. One day I was at church and this person knew me, and I was super happy too. They said they already invest, and that they really like Dollarama. So I think that’s something we build over time: reputation, results, right? I wouldn't trade that for anything. And I really thank you all who follow us here every time and enjoy our project so much. Well, guys, we’ll leave it here. I hope you enjoyed it. Leave your questions down below. We'll see you in the next video. Big hug. Thanks, see you later.