I’m 26, $600K net worth. Been saving 50% of my salary and investing heavily. Money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property. Started from $0 since 3.5 years ago when I graduated college. I've come to realize that money is a tool if you don’t make money work for you, you can’t experience true freedom
I am little late in planning my financial journey, spent on many appreciable assets till now and keeping my saved earnings in banks. This inspired me a lot and gives a great zeal to start a fresh
Can't give financial advice. will recommend you speak with an FA, Martha Cornell Kerns, credit to her constant advice and guidance. Lots of People are sitting on large stockpiles of cash ready to time the market they’ll miss the mark and pile in late either way people that bought early will win
My strategy is to put half my income into the stock market at the start of every month regardless of what is happening. The second part of my strategy is not to sell for at least 15-20 years. Time in the market beats timing the market
The next video needs to be on risk management - you can’t have an episode like this and not discuss risk management. A discussion of your mistakes (which led to your drawdowns) would be beneficial
Agree. I had asked them to talk about Sell strategies, not just throw out names they are investing in and almost no follow up discussions on those names. I have since stopped watching and only check back once in awhile.
They did do a whole episode about their mistakes once, Chris said he wanted to do more episodes like that. I loved that one. I do believe they are too cavalier about leverage, I don't think Jordan invests that way at all but he didn't speak up in this episode about it, and I don't think Dave really invests that way either except for the 3x fund he mentioned.
Just found this channel yesterday while I was looking for videos on Celsius and really like that vidoe so I subscribed. Then I have this vidoes on my feed today so I check it out, and man I think this might be one of those channels to get excited about! Looking forward to it. Joined the Discord also.
thinking you all nailed the secret sauce .... mindset is taken for granted .... the 10 year window is a true picture ..... support group is also key .... for there are some serious highs and lows..... that said ....... your presentations are MUCH appreciated and encouraging .... TY!
I've been going in hard, buying Tesla for 5 years straight with this thinking. Each paycheck is like a whole quarter's value of work or more in the future. A years salary will turn into 10-20 years of that same salary. Every thousand I put up, I told myself mentally I just locked in 10k at least.
Hey guys, would be super helpful if you could do another episode about options trading and all the strategies and risks involved. Including how to time them and know the environment of the trade etc. as a way of going deeper into this idea of growing wealth. Thank you!
I disagree, no need to encourage gambling degens. Chris has dropped enough hints about how he uses options (he buys slightly in the money calls when earnings are approaching on a company that he thinks will blow away earnings and is not fully on Wall Street's radar yet, he doesn't put more than 5% of his portfolio into any options trades).
nothing wrong with a little education, agree degen behavior isn't to be encouraged but if he's promoting an options-based investment path that's worked for him i think it would be helpful to continue giving specific guides, so people need learn fewer mistakes on their own. also agree with the general strategy you mentioned, i'm a long time listener so am familiar. mostly said this so others could benefit. personally, id like to hear more from Dave (and jordan) on this topic, the medium- and low-risk of the bunch@@gordo3582
Guys, just brought up a chart of the S&P 500 since 1st jan 2022 and UPRO. S&P is flat whilst UPRO is down from 78 to 52. My understanding is the leverage costs money and is the cause of the decay? Please urgently advise if I am missing something as this is very misleading?
Great topic on the pod guys. I’m an uber frugal person and put 2-3K in the market every month. I don’t take much risk and basically just buy dividend stocks and large caps with all the extra money saved from not spending money. So far this strategy hasn’t worked out to well but I’ve only been in the market for 5 years now. Currently I’m building a decent equity position in BABA. I’ve got roughly 3K shares at around $80 cost basis. Long term hold on this position
@@anagonzalez8300Mungers cost basis in BABA was a lot higher than $80. I’m well aware of the risks in Chinese stocks, especially the tech sector. I believe BABA has bottomed or will bottom at around the $60-$65 level. I’m willing to bet they will be in the mix of the China AI tech story and a continued winner in technology. Blood is in the streets right now with the Chinese economy and their bear market/recession. I grabbed another 500 shares @$67 on Fri 👍
Reading the market Wizards "Unknown" I have so much respect for the process now. I wish I could sit and have a live chat with you guys. Thank you for the content. We are the dumb money need our dumb freedom so we can add some dumb value to our communities. I aspire to be where you are at. In the meantime I will keep working strategically.
Love Chris, but i cant do what he does. He's good at it. I'd give him my money to invest, or even copy him, but he doesn't tell you when he goes out... Sometimes he shows u going in. I respect him (and the gang), but his intuition is next level.
I am just like Chris when those regards I do not cut corners now that I've got money. Nothing better than sharing wealth and living a life where you don't worry about if you're overspending to me
Home rentals is the simplest way to do this. Get wealthy with the bank’s money. Live in home for two years with roommates. Then move into the next one.
Can you guys make a video on options explaining them and what different types there are. I've been out of the game for a while and need a refresher xoxo
There are endless videos about options, I say they should stick to social arb ideas and personal stories about success and failures. Options are more for gambling degenerates.
Love the ideas. What about an abundance mentality the way through, generate income. You can build companies now with nothing. Get a cash flower going and that flywheel builds your TSLA or other high conviction longterm multi bagger.
a 90% drawdown would psychologically beat most people leaving them with no option but to win the money back slowly over a decade or longer rather than risk what little they have left and recover quickly.
When you say leverage do you mean invest from borrowed money like line of credit? I don’t know much about options can you explain how they work? I will look into your video history. Btw I am subscribed Happy new year
*The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)*
Chris I love you but if you are not buying Tesla shares now…. You are already going to miss it. This is the valley it is sitting in 100-250 per share. We all know it can be 3T (2-5 years) and maybe 10T (5-10 years) and maybe 30T (10-20 years). But it will get hard as it starts going up.
Imagine being that guy with a black cap, just staring at the camera for like 8 or something straight minutes without being asked or talk. I hate that feeling.
Dave's strategy is interesting. Hmm. I am already liking this episode. This is more interesting than usual. Did Jordan use risk capital? I have never been quite sure how you made money. Sometimes it sounds like you made some highly leveraged bets on some stocks, they worked out and you have a bunch of money. But sometimes it sounds like Dave and Jordan started a company of some kind and sold it for big money, then built up capital from there. So it's hard to figure out exactly how this worked. Most people that claim they made the majority of their money investing seem to have actually made money doing something else like selling a business then started investing and hit some big money growth.
Agree, its never been fully explained. Those guys did build "TickerTags" and sold the company so clearly some of the investment capital came from that. And Chris' trading was audited and dcoumented in "Unknown Market Wizards" by Jack Schwagger so we have a good idea of how he multiplied his wealth. I think Dave and Jordan were doing many of the same investments as Chris, like Apple from the early days but I have no idea if it was the company sale that got them the original stake to multiply or how well they have done compared to Chris.
@@gordo3582 I imagine it be like so many other investors where when you have smaller amount, it's easier to multiply. Buffett likely had some early years where he was multiplying his wealth by a huge amount as he was rising up, then the returns slow down as you reach a large enough amount of wealth it becomes difficult to multiply. Almost every investor builds up capital at some point, multiplies it by hitting big very early on, then slows as the wealth grows and they become more risk averse as once you hit it big, you don't want to go back to the poor house being stupid. Though Chris sounds a lot more willing to take on risk than Dave or Jordan.
I have an account exactly like what you are describing, I use margin, and I have 12 hyper growth stocks with TSLA been the core position. I close 2023 +151% I also have a 401K, a Roth ira, and another brokerage account with mostly dividend paying stocks.
I have a question if you see this. if you we're 13 years old again, how would you get into investing? and what would you invest in? long and short term. And do you advise your kids?
Hi guys I really like your show. It would be super helpful if you could share how you have been invested in some of the more recent projects(options, margins, stocks, ...). Why did you allocate like that. How was the result. Thanks for brilliant content.
3x ETF great advice 3x bonds great advice especially now! Chris advice to have idiot risk account is only for people that have incredible amount of time:
3X leveraged Russell 2000 (Small caps) TNA .. looks super juicy to invest in right now.. when rate cuts actually begin.. watch out large caps are already priced pretty well as everyone hides out in them during high interest rate times for safety
What about a 25k account and invest 5k into 5 possible stocks. Over time, the ones that worth, liquidate and move money to the winners. How long do you all allow to see if an idea works?
If your issue is phone verification not working, use a friend or family members phone number, it wouldn’t accept mine saying it was in use already, I used my son’s cell number for the verification and it worked. It will not tie that other number to your account.
99k subscribers, 7k views and 600 likes. If I didn't know them for so long, I would have thought these are bought subscribers. I am bamboozled at these numbers
Money really needs to be invested, because it loses it's intrinsic value so quickly. Just look at the dollar, how quickly it disappears to inflation, it can take time but if you start young it can eventually become an asset especially in retirement years.
I'm saving most of my Money. Investing in stocks very agressively, doing Lots of Research. Started 6 years ago. My whole Portfolio is still 8 percent down. All this advice Sounds good in theory, but in practice results are terrible
Chris is infuriating bc he never talks about his losses. He has recommended stocks like lion electric and when they come back up he says he got out a while ago. It's incredibly frustrating for someone who followed one of his losing trades. He should be more transparent about his losses. I understand if the average guy doesn't want to be but you have to be if you are talking to millions and encouraging risky behavior
Stop saying you are not promoting high risk bets. You absolultey are most people cannot execute these strategies. Using leverage on high concentrated positions. Most people will get wiped out.
This guy is the definition of survivor’s bias… There is a thousand people on wall street bets that have invested this same way and now work at Wendy’s.
![[LIVE] : ONE ลุมพินี 91 | คู่เอก "คมอาวุธ vs อเล็กเซย์"](http://i.ytimg.com/vi/V0RkEfYFsgM/mqdefault.jpg)
This is where we talk more about 3X leveraged ETFs... th-cam.com/video/42azDpq-PEI/w-d-xo.html
I’m 26, $600K net worth. Been saving 50% of my salary and investing heavily. Money is a liability, not an asset. You have to exchange it for assets that represent real VALUE. Real estate - properties for rent. Stocks (dividends). Bonds (interest), funds, REITs (interest), intellectual property. Started from $0 since 3.5 years ago when I graduated college. I've come to realize that money is a tool if you don’t make money work for you, you can’t experience true freedom
I am little late in planning my financial journey, spent on many appreciable assets till now and keeping my saved earnings in banks. This inspired me a lot and gives a great zeal to start a fresh
Can't give financial advice. will recommend you speak with an FA, Martha Cornell Kerns, credit to her constant advice and guidance. Lots of People are sitting on large stockpiles of cash ready to time the market they’ll miss the mark and pile in late either way people that bought early will win
My strategy is to put half my income into the stock market at the start of every month regardless of what is happening. The second part of my strategy is not to sell for at least 15-20 years. Time in the market beats timing the market
Wow, well said. Congrats. You are very wise
Careful on scams 😂
03:57 Dave
12:00 Chris
20:40 Jordan
i just found this channel…man I love you guys….really enjoying your discussions
Love the passion and conviction of what you guys do! I am grateful for all the knowledge you guys share on this channel. Cheers to a prosperous 2024.
The next video needs to be on risk management - you can’t have an episode like this and not discuss risk management. A discussion of your mistakes (which led to your drawdowns) would be beneficial
Agree. I had asked them to talk about Sell strategies, not just throw out names they are investing in and almost no follow up discussions on those names. I have since stopped watching and only check back once in awhile.
They did do a whole episode about their mistakes once, Chris said he wanted to do more episodes like that. I loved that one. I do believe they are too cavalier about leverage, I don't think Jordan invests that way at all but he didn't speak up in this episode about it, and I don't think Dave really invests that way either except for the 3x fund he mentioned.
This is a great channel
Saw Chris on farzad and have been catching up with their recent talks ever since
Outstanding advice. You won't have an exceptional life if you don't do exceptional things
Thanks Gents. Love this
Just found this channel yesterday while I was looking for videos on Celsius and really like that vidoe so I subscribed. Then I have this vidoes on my feed today so I check it out, and man I think this might be one of those channels to get excited about! Looking forward to it. Joined the Discord also.
thinking you all nailed the secret sauce .... mindset is taken for granted .... the 10 year window is a true picture ..... support group is also key .... for there are some serious highs and lows..... that said ....... your presentations are MUCH appreciated and encouraging .... TY!
Please add timestamps.
I've been going in hard, buying Tesla for 5 years straight with this thinking. Each paycheck is like a whole quarter's value of work or more in the future. A years salary will turn into 10-20 years of that same salary. Every thousand I put up, I told myself mentally I just locked in 10k at least.
Hey guys, would be super helpful if you could do another episode about options trading and all the strategies and risks involved. Including how to time them and know the environment of the trade etc. as a way of going deeper into this idea of growing wealth. Thank you!
I disagree, no need to encourage gambling degens. Chris has dropped enough hints about how he uses options (he buys slightly in the money calls when earnings are approaching on a company that he thinks will blow away earnings and is not fully on Wall Street's radar yet, he doesn't put more than 5% of his portfolio into any options trades).
nothing wrong with a little education, agree degen behavior isn't to be encouraged but if he's promoting an options-based investment path that's worked for him i think it would be helpful to continue giving specific guides, so people need learn fewer mistakes on their own. also agree with the general strategy you mentioned, i'm a long time listener so am familiar. mostly said this so others could benefit. personally, id like to hear more from Dave (and jordan) on this topic, the medium- and low-risk of the bunch@@gordo3582
Guys, just brought up a chart of the S&P 500 since 1st jan 2022 and UPRO. S&P is flat whilst UPRO is down from 78 to 52. My understanding is the leverage costs money and is the cause of the decay? Please urgently advise if I am missing something as this is very misleading?
What chart did you find that showed the S&P as flat for 2022??
I was in 3x ETF until 2020 when I switched to 100 % Tesla. The future looks amazing.
💡💡Great ideas, thank you so much!!!
112 thousand subs today. Congrats
Thanks guys, a great episode for my 9 year old to watch, he is made for this. lol
Great topic on the pod guys. I’m an uber frugal person and put 2-3K in the market every month. I don’t take much risk and basically just buy dividend stocks and large caps with all the extra money saved from not spending money. So far this strategy hasn’t worked out to well but I’ve only been in the market for 5 years now. Currently I’m building a decent equity position in BABA. I’ve got roughly 3K shares at around $80 cost basis. Long term hold on this position
Munger biggest mistake was alibaba 😮 do not risk your money on Chinese stocks, you can make so much money with American 🇺🇸 companies. Good luck 👍🏼
@@anagonzalez8300Mungers cost basis in BABA was a lot higher than $80. I’m well aware of the risks in Chinese stocks, especially the tech sector. I believe BABA has bottomed or will bottom at around the $60-$65 level. I’m willing to bet they will be in the mix of the China AI tech story and a continued winner in technology. Blood is in the streets right now with the Chinese economy and their bear market/recession. I grabbed another 500 shares @$67 on Fri 👍
Get some rentals.
Guys, not a fan of discord more youtube please, thank you so much for your dedication.
Reading the market Wizards "Unknown" I have so much respect for the process now. I wish I could sit and have a live chat with you guys. Thank you for the content. We are the dumb money need our dumb freedom so we can add some dumb value to our communities. I aspire to be where you are at. In the meantime I will keep working strategically.
LOVE TO HEAR THIS! Thank you good gentlemen!!
thank you guys. Greetings from Peru
Love Chris, but i cant do what he does. He's good at it. I'd give him my money to invest, or even copy him, but he doesn't tell you when he goes out... Sometimes he shows u going in. I respect him (and the gang), but his intuition is next level.
Chris, U2 on the Sphere was out of this world.
This was an excellent show. Would love to hear more about how you guys build your empires in the future. Very motivating to a lot of us to hear
I am just like Chris when those regards I do not cut corners now that I've got money. Nothing better than sharing wealth and living a life where you don't worry about if you're overspending to me
I’ve seen U2 twice at the Sphere. I’m a big concert guy and that may be the number 1 show in 40+ years of shows because of the Sphere.
Home rentals is the simplest way to do this. Get wealthy with the bank’s money. Live in home for two years with roommates. Then move into the next one.
Few hundred dollars a month to get the lawn mowed?! I’m paying less than $40 for each visit.
Can you guys make a video on options explaining them and what different types there are. I've been out of the game for a while and need a refresher xoxo
There are endless videos about options, I say they should stick to social arb ideas and personal stories about success and failures. Options are more for gambling degenerates.
Love it. Just love this pod. 🎉🎉🎉🎉
Do you guys take profits from your big money accounts? Like take 30% out and move it to a safe account after a big win.
Love the ideas.
What about an abundance mentality the way through, generate income. You can build companies now with nothing. Get a cash flower going and that flywheel builds your TSLA or other high conviction longterm multi bagger.
If you leverage big long the market, you don’t really need to be lucky just have to not get unlucky
a 90% drawdown would psychologically beat most people leaving them with no option but to win the money back slowly over a decade or longer rather than risk what little they have left and recover quickly.
When you say leverage do you mean invest from borrowed money like line of credit? I don’t know much about options can you explain how they work? I will look into your video history. Btw I am subscribed
Happy new year
Chris question for you : Lets say you have $100 for example what percentage would you use for trading and what would you do with the rest.
Chris you should write a book about you “investor” life
Do you have the link to the research paper on the leverage etfs?
I'd like to see this as well. What's the source?
*The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH.... stock,silver and gold)*
Chris I love you but if you are not buying Tesla shares now…. You are already going to miss it. This is the valley it is sitting in 100-250 per share. We all know it can be 3T (2-5 years) and maybe 10T (5-10 years) and maybe 30T (10-20 years). But it will get hard as it starts going up.
Life's a marathon not a sprint. Let's check on these boys when they're 65 or 66.
Imagine being that guy with a black cap, just staring at the camera for like 8 or something straight minutes without being asked or talk. I hate that feeling.
Haha doing 40 live shows in a year is not working a lot but thanks for all you do it is nice much appreciated
Dave's strategy is interesting. Hmm. I am already liking this episode. This is more interesting than usual. Did Jordan use risk capital? I have never been quite sure how you made money. Sometimes it sounds like you made some highly leveraged bets on some stocks, they worked out and you have a bunch of money. But sometimes it sounds like Dave and Jordan started a company of some kind and sold it for big money, then built up capital from there. So it's hard to figure out exactly how this worked. Most people that claim they made the majority of their money investing seem to have actually made money doing something else like selling a business then started investing and hit some big money growth.
Agree, its never been fully explained. Those guys did build "TickerTags" and sold the company so clearly some of the investment capital came from that. And Chris' trading was audited and dcoumented in "Unknown Market Wizards" by Jack Schwagger so we have a good idea of how he multiplied his wealth. I think Dave and Jordan were doing many of the same investments as Chris, like Apple from the early days but I have no idea if it was the company sale that got them the original stake to multiply or how well they have done compared to Chris.
@@gordo3582 I imagine it be like so many other investors where when you have smaller amount, it's easier to multiply. Buffett likely had some early years where he was multiplying his wealth by a huge amount as he was rising up, then the returns slow down as you reach a large enough amount of wealth it becomes difficult to multiply. Almost every investor builds up capital at some point, multiplies it by hitting big very early on, then slows as the wealth grows and they become more risk averse as once you hit it big, you don't want to go back to the poor house being stupid. Though Chris sounds a lot more willing to take on risk than Dave or Jordan.
Can this UPRO thing go broke?
That's film comes out on Apple TV on January 11th
You guys are amazing!!!!!
I have an account exactly like what you are describing, I use margin, and I have 12 hyper growth stocks with TSLA been the core position. I close 2023 +151%
I also have a 401K, a Roth ira, and another brokerage account with mostly dividend paying stocks.
I have a question if you see this. if you we're 13 years old again, how would you get into investing? and what would you invest in? long and short term. And do you advise your kids?
Hi guys I really like your show. It would be super helpful if you could share how you have been invested in some of the more recent projects(options, margins, stocks, ...). Why did you allocate like that. How was the result. Thanks for brilliant content.
3x ETF great advice 3x bonds great advice especially now! Chris advice to have idiot risk account is only for people that have incredible amount of time:
3X leveraged Russell 2000 (Small caps) TNA .. looks super juicy to invest in right now..
when rate cuts actually begin.. watch out
large caps are already priced pretty well as everyone hides out in them during high interest rate times for safety
What the stock ticker on that you mean? TNA or URTY? Also, Tmf 20 year bond could be good when rate cuts occurs too?
this live was AWESOME
Like the big money account concept. You must expose yourself to asymmetrical upside risk.
excellent
The prepared mind has a solid chance of executing the plan success.
I hope i misunderstood, since i think saved money is not OPM
Cool episode
CELH and SMCI are nuts... dunno how Chris stand the day to day moves on these things
That's funny that's what I called Ford explorer too. Exploder.
Survivorship bias is strong here. YOLO!
What about a 25k account and invest 5k into 5 possible stocks. Over time, the ones that worth, liquidate and move money to the winners. How long do you all allow to see if an idea works?
Best video and advices ever ! Thanks ☺️
I couldn’t get discord link to work- tried several times. Any advice?
Works for me.
If your issue is phone verification not working, use a friend or family members phone number, it wouldn’t accept mine saying it was in use already, I used my son’s cell number for the verification and it worked. It will not tie that other number to your account.
I cant join the dischord
I imagine Jordan on his lawn tractor, real-life Forrest Gump! Similar but the baseball cap backwards!
99k subscribers, 7k views and 600 likes. If I didn't know them for so long, I would have thought these are bought subscribers. I am bamboozled at these numbers
What was that youtube channel, Kaler Pammer?
Caleb Hammer
Money really needs to be invested, because it loses it's intrinsic value so quickly. Just look at the dollar, how quickly it disappears to inflation, it can take time but if you start young it can eventually become an asset especially in retirement years.
That's crazy my account has been down ever since 2020 almost broke even now.
What do you guys think is riskier between a concentrated portfolio of growth stocks and 3x leveraged ETFs?
Didnt' Chris and Jordan find a company???
Jordan should invest into a mic!
Clipping coupons takes time, time is not free.
@dave watch nathan winkle something... He breaks down why 3x leverage doesnt work.
whats the discord address?
70% a year for nearly 20years? Thats even beating Jim Simon's Renaissance fund? How are you not on record as the greatest investor of all time?
Well he was featured in Unknown Market Wizards by Jack Schwager so he is sort of on record now... (results audited too).
believe it or not, the days with less are always the best days!
Everyone needs an IOU banker !
How can these guys prove this isn’t Survivorship Bias?
If chris started with 30k and has 70% annulized over 17 years he should have $250 million now.
Graham Stephan's FTX grifted money is in that account.
I'm saving most of my Money. Investing in stocks very agressively, doing Lots of Research. Started 6 years ago. My whole Portfolio is still 8 percent down. All this advice Sounds good in theory, but in practice results are terrible
Yes… it’s harder than it looks/sounds!
Wealth hack 1… create a TH-cam channel get a bunch of subscribers then rug pull them!
Do they say what they’re holding lately?! 🎉
100x in 3-10 years? I dont even know how to do basic options. lol like most people on here i'ld say.
You Now have 100K subs 😘🥳❤🐣💋
Buy great companies and hold for 10 years.
Chris is infuriating bc he never talks about his losses. He has recommended stocks like lion electric and when they come back up he says he got out a while ago. It's incredibly frustrating for someone who followed one of his losing trades. He should be more transparent about his losses. I understand if the average guy doesn't want to be but you have to be if you are talking to millions and encouraging risky behavior
Stop saying you are not promoting high risk bets. You absolultey are most people cannot execute these strategies. Using leverage on high concentrated positions. Most people will get wiped out.
My goal is to load up on stocks that has growth potential and then trading options with it.
Chris, it is called WISDOM, not financial advice. The definition of wishdom is knowledge times experience
Just cause it works for Chris doesn't mean it will work for you.
This guy is the definition of survivor’s bias… There is a thousand people on wall street bets that have invested this same way and now work at Wendy’s.
Yes… survivorship bias is real
Wow so just squirrel away money that your wife and kids don’t know about and trade with leverage? 😅😂
Jordan please buy a good microphone. We can hardly make out what you are saying
The greatest investors in the world are incapable of doubling their money in multiple years. If it were this easy, everyone would be doing it.