MM #308: Tim Cook Leaves Apple! | Market Crash Coming?, Recession Risk & $1M Investing Strategy 🚨

Summary

---

Market Mondays #308: Tim Cook Leaves Apple! | Market Crash Coming?, Recession Risk & $1M Investing Strategy 🚨

Podcast: Market Mondays (EYL Network)
Date: April 21, 2026
Hosts: Rashad Bilal, Ian Dunlap, Shoddy

---

Episode Overview

This episode addresses seismic changes in the investing landscape, led by the revelation of Tim Cook stepping down as Apple’s CEO. The hosts break down the implications for Apple, debate whether a market crash or recession is looming, and highlight winning long-term strategies—including structure for a $1 million portfolio. With a focus on applying the lessons of stock market history, the episode balances investing facts, personal anecdotes, and answers to live questions, all delivered in Market Mondays’ signature insightful-yet-real tone.

---

Key Discussion Points & Insights

1. Trading and Investing Tips of the Week

[08:22]

• Ian Dunlap revisits gap trading, emphasizing that “all gaps fill with the direction of the market,” and notes the importance of acting on Sunday S&P futures dips, especially given futures expiration cycles.

  • Quote: “Sometimes, when you get information, you have to execute it right away.” (08:27)

• Rashad Bilal explains how to use the 200-day moving average as a key signal:

  • Quote: “Wealth isn’t built by avoiding bad days. It’s built by surviving them long enough to catch the great ones.” (13:10)
  • Advises waiting for an index like S&P500 to “reclaim” its 200-day with high volume before investing, reinforcing long-term patience.

• Ian notes: “One way to stop from having FOMO on either way is trade...the same amount in every single trade,” recommending consistent bet sizes to avoid emotional swings. (16:39)

---

2. The Legendary Tim Cook Steps Down – What It Means for Apple

[50:55 – Thematic block to 66:29]

• A Celebration… and a Critique:

  • Ian gives Cook full credit for 1,900% stock growth, creating “one of the best supply chains ever,” and leading Apple from volatility to global powerhouse.
  • Quote: “He’s still going to be executive chairman, which I said he should be...maybe even take over as CEO of Nike in a couple years.” (51:39)

• Innovation Plateaus:

  • The hosts argue Cook lost his “paranoia for losing the #1 spot,” failed to secure crucial AI investments (OpenAI, Anthropic), fell behind in smartphone innovation, and let key talent like Jony Ive depart.
  • “He didn’t innovate and get 59% of OpenAI and 30% of Anthropic like Google did…he failed to do what he needed at HQ.” (58:02, Ian)
  • Rashad: “He could not figure out how you’re going to integrate AI into hardware…This is more of a succession. And I appreciate him stepping down because he’s realizing this is not my strong point.” (63:43)

• The Opportunity for New Leadership:

  • John Ternus, new CEO, seen as having the potential to reinvigorate hardware/AI integration.

• What’s Next?

  • Apple’s future still viewed bullishly to at least 2034 (72:30), but innovation is demanded, not just “game management” but “exceptionalism.”
  • Hope is that Apple’s powerful brand, data ecosystem, and cash reserves (over $60B) can be leveraged for breakthroughs.

---

3. Market Strength, Bubbles, and Crash Fears

[31:04]

• Dot-Com Parallels?
  • Shoddy brings up charts comparing dot-com valuations to today.
  • Ian debunks “crash is coming” hysteria:
    • “If you think a crash is coming this year, you’re misinformed… The strength of the market is better because the companies are better.” (31:54)
    • “Wishing for a crash does what for you? Nothing. The people invested for the last 10 years, a 50% drop means shit.” (33:54)
  • Rashad points to strong, ongoing tech innovation and revenue, distinguishing today from 1999.
  • Even if a crash comes, “that’s another entry point for us.” (34:24)

---

4. Real Estate vs. Stocks: Old Mindset vs. Modern Reality

[25:56/29:24]

• Classic advice to “just buy real estate” is challenged.
  • “If the stock market goes to zero, real estate is going to be screwed anyway...It’s not one or the other, it is both.” (27:42, Ian)
• Quantitative easing, low rates, and asset class convergence mean savvy investors use both stocks and property.

---

5. Oil, Tech, and Rotational Strategies

[23:51]

• Don’t rotate out of tech/S&P into oil, even with volatility—stick with “what’s thriving and what’s doing well.”
• Big short temptations distract from the reliable growth of the major indices.

---

6. Relationship-Building as an Investment Superpower

[18:21]

• Congratulates Nas on a new restaurant and reflects on the strategy of building lasting, positive relationships.
  • “Project energy that would be welcoming to other people…most of the really, really successful people, there’s more people like that than like the Donald Trump.” (21:18-21:54)
• Respect the whole team, not just the main client or star.

---

7. Sector Highlight: Memory & DRAM ETF

[45:02]

• New ETF “DRAM” offers broad memory-sector exposure: SK Hynix, Samsung, Micron (Micron at 23% allocation).
• “Micron is sold out to 2027, SK Hynix is building a new foundry…‘DRAM’ is one of those that is now in the portfolio because the memory story is still very prominent.” (47:49, Rashad)

---

8. Market Manipulation, Prediction Markets, and Regulatory Shifts

[73:20]

• Trump-era market moves described as blatant manipulation, but “the market is permanently rigged to stay up due to quantitative easing [and] automated investing.” (73:31, Ian)
• Expect new regulatory rules—particularly against “prediction markets”—if the White House flips.

---

9. Portfolio & Investing Strategy: What to Do with $1 Million

[113:13]

• “If you just have a million dollars liquid...definitely think you should have at least half in equities.”
  • Suggested split: 10% BTC, S&P500/QQQ, top tech stocks (MSFT, AAPL, NVDA, TSM); $100k–$500k real estate; cash buffer; pay off debts.
• Multifamily real estate for cash flow; importance of life insurance/emergency reserve.

---

10. Long-Term Investing vs. Trading, Stock “Traps” & FOMO

[107:28]

• Don’t chase hype or companies you don’t understand (“the XRP craze...Board Apes…")
• “If you don’t know the CEO, the founder, what the baseline profit margin is, what the mission of the company is, and…do you buy the product…?" (108:27, Ian)
• “Automate your investing for when the market drops 10%, 8%, just to automatically invest so you don’t have to think about it.” (91:06, Ian)
• “Long term is the wave…all the conflict comes from people who didn’t listen to the long term.” (100:37, Ian)

---

Notable Quotes & Memorable Moments

• On patience:
  “There’s going to be too much chatter back and forth—did you invest?” (119:15, Rashad)

• On innovation:
  “You gotta put some size on the same bet every single time. It takes away a lot of that stress and fear.” (16:39, Ian)

• On Tim Cook’s tenure:
  “He brought structure to a Steve Jobless company…made that a $4 trillion economy…But he missed out on the next wave of innovation.” (51:39, Ian)

• On crash predictions:
  “The people invested for the last 10 years, a 50% drop means shit.” (33:54, Ian)

• On market manipulation:
  “People only care about the manipulation if they’re not benefiting from it.” (73:31, Ian)

• On investing facts:
  “Wealth isn’t built by avoiding bad days. It’s built by surviving them long enough to catch the great ones.” (13:10, Rashad)

---

Key Timestamps for Important Segments

• Trading tip: Gap fill and 200-day moving average — [08:22]
• Investing fact: Tim Cook-created wealth, long-term holding — [12:01]
• Real estate vs. stock market debate — [25:56]
• Parallels to dot-com bubble and crash fears — [31:04]
• Oil surge and sector rotational strategies — [23:51]
• The Tim Cook era ends—deep dive & consequences — [50:55–66:29]
• Tech, innovation & the next Apple — [57:01–66:46]
• Market manipulation & regulatory changes — [73:20]
• DRAM ETF memory-chip opportunity — [45:02]
• $1M Investment Portfolio Structure — [113:13]
• Long-term investing vs. trading; avoiding ‘stock traps’ — [107:28]

---

Episode Keywords and Concepts

• Apple, Tim Cook, innovation, long-term investing, S&P500, dot-com bubble, tech sector, AI, OpenAI, Anthropic, real estate vs. stocks, portfolio allocation, DRAM ETF, market manipulation, prediction markets, trading discipline, financial resilience.

---

Bottom Line

Market Mondays #308 contextualizes Tim Cook’s exit as a symbol for a broader shift in mega-cap tech and market cycles—but the hosts’ advice is evergreen: Wealth is built by sticking with strong companies, understanding cycles, and always doing your homework. Automate your investing, don’t chase hype, respect history, and keep relationships at the heart of business.

---

“Invest. Automate. Play for the long term, not just the moment, and catch the next big wave by being in position—not by timing perfection.”

— Market Mondays, April 21, 2026

Transcript

[Ian Dunlap]

Mom, can you tell me a story?

[Rashad Bilal]

Sure. Once upon a time, a mom needed a new car.

[Ian Dunlap]

Was she brave?

[Rashad Bilal]

She was tired mostly. But she went to Carvana.com and found a great car at a great price. No secret treasure map required. Did she have to fight a dragon? Nope. She bought it 100% online from her bed, actually. Was it scary? Honey, it was as unscary as car buying could be.

[Shoddy]

Did the car have a sunroof?

[Rashad Bilal]

It did, actually.

[Shoddy]

Okay, good story.

[Rashad Bilal]

Car buying. You'll want to tell stories about. Buy your car today on Carvana. Delivery fees may apply.

[Shoddy]

For me, entrepreneurship has always been the way.

[Ian Dunlap]

Investing is important because it's the only way you are going to be able to get rich and wealthy for your family. We can close the wealth gap by working together.

[Shoddy]

Market Monday is the biggest investment show ever.

[Ian Dunlap]

My life has literally changed since watching eyl. When you can make people money and

[Rashad Bilal]

you can add value, they're going to be forever indebted to you.

[Ian Dunlap]

I promise you, this year I'm going to make y' all even more money.

[Rashad Bilal]

Disclaimer do your own research. Our content is intended to be used and must be used for informational purposes only. It's very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise. Let's build our knowledge, our community and our brokerage accounts. Love is love. Love is love.

[Ian Dunlap]

Love is love. Happy Monday. How y' all feeling?

[Rashad Bilal]

Happy Monday. Ian Dunlap, the master investor himself is in the building.

[Ian Dunlap]

Y' all know what I came to do today. Tell your mama.

[Rashad Bilal]

Tell your cousins. You know why he's here.

[Ian Dunlap]

You know why I'm here today.

[Rashad Bilal]

I'm a bad cop. Call to ISO my people. What's going on? Happy Monday. It is the 20th of April. It still feels like it is February here in New York. I don't know what's going on. Last week we was in 90 degrees. We are in about 30 degrees currently or going there tonight. Tonight, tonight. Tonight we're going to 30. Tonight we're going to 31st temperature weather

[Ian Dunlap]

report Jim today it was 50.

[Rashad Bilal]

But we dropping. We dropping. But we we blessed to be here, man. I would never complain because we are blessed to be here. How you feeling, Ian?

[Ian Dunlap]

Honored to be here. Happy to be here. Blessed. Highly favored. All the things red panda love. Y' all earners love y'.

[Rashad Bilal]

All.

[Ian Dunlap]

Tim Cook, love you as well. Technology brother. There's a lot to talk about tonight.

[Rashad Bilal]

So somebody say you forecasted that Shy. How you feeling?

[Shoddy]

Feel good. Feel good, man. Back at it. We got Blackout on Wednesday. We got a lot to talk about on Blackout. Tune in blackout, 09:00 Eastern Standard Time on Wednesday. We got Nvidia coming up on Wednesday also, so that's gonna be dope. And then Thursday, earn your leisure episode. First and foremost. Thank you to everybody that checked out the Julian Brown episode.

[Ian Dunlap]

Almost classic.

[Rashad Bilal]

Appreciate that, bro.

[Ian Dunlap]

I'm gonna cut you off. Classic, though. Appreciate it. Don't get the patent.

[Rashad Bilal]

Protect them at all costs.

[Shoddy]

Millions of social media impressions. That episode is just going crazy. So we got, we got one of our favorite people. On Thursday. We went to Atlanta and shot it. Shot a bunch of content. Jada Waiter, Jada Chiefs. We got her on Thursday at 12 o'. Clock. Oh, man. Millennial. That's really, you know, got the. The young world in the palm of her hand, especially when it comes to women. And somebody that's really intelligent, A lot of people might not really know. They might just see on social media or whatever, but she. This is like a third time that we really got a chance to really, really chop it up with it. We had on our show at Silver Liabilities like four years ago, and then she came to invest fest VIP night. But to see her grow from the last four years as far as her brand is killing her use of AI, navigating parenthood, buying real estate. You know, know she's doing a thing. She's doing her thing. So, you know, that's the one thing about earn your leisure. We highlight all levels of entrepreneurship and all levels of success.

[Ian Dunlap]

So different CPMs, too.

[Rashad Bilal]

Yeah, I think you know what I mean. You got to skew younger.

[Ian Dunlap]

Right?

[Rashad Bilal]

The, the idea that we've been doing the show long enough that it's been four years since we last sat with her to see her develop, like Shoddy was saying from a. As a woman, number one in business and motherhood, making mistakes, learning from those mistakes, being vulnerable and honest and transparent about those mistakes so others can learn. I think she, she's a, she's a dope one and, and somebody. You definitely, if you haven't paid attention to what she's doing on the business side, get your notepads ready. She's gonna drop some stuff.

[Ian Dunlap]

And for you, naysayers don't say, well, it's because of her baby father. Some of y' all have rich baby daddies and fumbled them. Keeping them in the family and keeping the family together so you can elevate like she did is a core lesson.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

Don't let the mass investor put it in chat. Quit fumbling the rich baby daddies.

[Rashad Bilal]

You know what's interesting? We, in two interviews that we've done, we've never really even brought that up. It's really been focused on her business. And she's very astute about it. And so like I said, like the early stages was who she was in the first interview. To see where she's at now. Yeah, I mean, we always pleasantly surprised, but to see her actually coming out with product partnerships. She says she's still turned and lit, but she's. She's a businesswoman at the same time, which is dope.

[Ian Dunlap]

And it's a great lesson too. Even if this isn't. Let's say she's in your target market. The best advice you can always get. Word of the week Chimera to be a hybrid of many things. To learn what she did in her industry and be able to apply it to yours. There's a true thing such as like marketing incest. Right? Well, like everybody in the category would do the same thing. The best ideas come from looking at other people who don't do that thing. Apply it to your industry and get a multiple on it back to you.

[Rashad Bilal]

Wait, wait. You gotta. You gotta give them the word of the week again so they could go write it down. Look it up.

[Ian Dunlap]

Yes. Chimera. It was actually the first name for Red Panda. C H I M E R A Chimera. I'm on football today.

[Shoddy]

We got a lot brewing. We got the Black Top VIP night. We got, man. We got the pitch competition which ends on the 20th. Is it tomorrow?

[Ian Dunlap]

That's today.

[Shoddy]

Today, Today. Today's at midnight. Get you, get you get your applications in. Pitch competition ends at midnight. We got the singles room with Kendra G. And we got a bunch of other things that we cannot announce yet. We got a bunch of other people that we cannot announce yet. But just know, you see us doing a lot of these interviews. Just know, just know, just know.

[Rashad Bilal]

Traveling all over the world, I see.

[Ian Dunlap]

Gotta get the job done.

[Shoddy]

That's a fact. Any announcements?

[Ian Dunlap]

I will see you guys in Atlanta Saturday and pull me yards for Black Effect Podcast Festival. Kudos to Dolly Kalosa Charlemagne. Love you both dearly. Stock club call Sunday at 9pm Central. If I made you money, please put yes in chat. Presentation will be back in rare form. I got some surprises. It's gonna be a good two hour conversation about the state of the market. Tim Cook's departure CEO what I think of the new CEO and the aggregation plan for the next four or five years for Apple. So look, the link is in. Telegram link is a Kajabi register. Get there early. It's going to be a good one.

[Rashad Bilal]

Yeah. And shout out to everybody that pulled up to the class on Thursday. Greatly appreciate it. We was in there for about an hour and a half, spit some real stuff, had an outlook on the market. So shout out to everybody that pulled up. Shout out to Eylu, we got a few birthdays. Shout out to Austin. I know he just had a birthday part of our investment club. No, Ashanti's birthday. Shout out to Pierre, man, he had his birthday last week. Yeah, yeah, yeah, yeah. And our brother Terence J man, Happy birthday my brother, my brother. That's a fact.

[Shoddy]

Let's talk about the trading tip of the week.

[Rashad Bilal]

Let's do it.

[Ian Dunlap]

It's a continuation of last week. All gaps fill with the direction of the market. Did any of you take advantage this past Sunday? So the interesting part, sometimes when you get information and I learned this from like watching y' all run around and go to Africa, then come back to New York, then go to la, then you go back to Africa, Right. Sometimes when you get the information you have to execute it right away. This past Sunday the es, the S P future fell again. So if you get another I think we'll have one more of these will be gap down. Now this one gapped down because of futures expiration put in chat. Futures expiration is when all the contracts have to be liquidated. So if you're in a position for 20 days you then have to clear Sunday we fell down to 7,085. We're currently at 7,155. So some of the moves like I've been talking about on Sunday are there but the gaps fill with the predominant direction. Take advantage of each one because I think probably by July or August we won't have any more for, for the year. So take advantage of the move while it's there.

[Rashad Bilal]

I think that's amazing. I'll add to it and I told everybody to circle the date of March 19, right. That would be 30 days from when the S and P had lost its 200 day. My tip would be when an equity or index reclaims its 200 day, allow it to hold before you start making moves. What does that mean? Right. It might touch the 200 day and fall back under it might touch the 200 day, go up and then fall back. Let it reclaim. And reclaim is the important word here. Reclaim meaning that it is going above the 200 day and it has stayed there. How do you know that it's going to move in the momentum upwards? This is where volume comes into play. Right. So you want to see how much volume is in that move. Right. And you usually see by candles, Right. They will indicate strong green candles that we going up. Let it reclaim, let it hold, and let's check the volume before we start making moves. We saw the S and P go under its 200. We watched it reclaim it within those 30 days. We told you what that meant usually. Right. This is 100% of the time, I shouldn't say usually 100% of the time that it's done that within the first 30 days of losing it. The S and P has gone positive for the year. It's a home run. So that indicates that we are going to have some upward momentum. Doesn't mean that we won't have a pullback every now and then throughout the course of the rest of the year. But it shows the signs that the S and P is going to end in a positive for the year. So that would be my tip. Let it reclaim, let it hold.

[Ian Dunlap]

Yep. And for anyone who's asking, what should your target be on the gap fill? So for example, the towards the end of the day, that low was 7,150. Then Sunday it dropped. Whatever the previous candle is, the bottom of that candle, that's where you want to start to look to take your profit. And if you see right at 8 o' clock, it went to 71, 59, 96, even though it won't feel there, and it immediately went down. So take the previous candle from where gapped, draw a line at the bottom of the candle, not the top, and then that should be your exit price. When we go back to the upside. But this is a classic strategy. But you have to get the direction right. Like if a stock or future is in the wrong direction, you're going to have a lot of trouble. Always go with the predominant trend that is there in the market.

[Rashad Bilal]

That line you're you're drawing is that that's the new support and that's what you're saying.

[Ian Dunlap]

Yep. Yep.

[Rashad Bilal]

Okay. Perfect.

[Ian Dunlap]

Yeah.

[Shoddy]

Let's talk about the investing fact of the week.

[Ian Dunlap]

Rashad, did you know if you invested $10,000 when Cook took over Apple, you're sitting well over $150,000 today. And if you'd invested a hundred thousand dollars into the stock, you would be up 150,000.

[Shoddy]

Apple stock performance 100,000. You'd be up a million 1.5.

[Ian Dunlap]

Excuse me. Yeah. And Apple stock performance since August 24, 2011 is up 1,932%. Job well done. It shows the power of a long term hold when you have one of the greatest operators in history at the helm after a time when the stock was incredibly volatile. The lesson here is to hold for a 10 year period for the biggest tech companies on earth. For those you are saying, what's the next Apple? There's no new Apple, but I am looking to anthropics, IPO. You can look forward to Databricks, SpaceX, Starlink, OpenAI. Those are the four of the future that you can look forward to. Have long term holes in those.

[Rashad Bilal]

Yeah, I got my fact, here it is. I'm gonna say that we can say this as many ways as possible. I wrote it down. Wealth isn't built by avoiding bad days. It's built by surviving them long enough to catch the great ones. I'm gonna say it again. Wealth isn't built by avoiding bad days. It's built by surviving them long enough to catch the great ones. So everybody's trying to time the market. They're trying to figure out you have to be in the, in the game. Right. You're not. Yes. Nobody wants to lose money, nobody wants to see their account go red for the day. But are you in the position in a strong company long enough to say, okay, I've done it, I'm here, this is part of it. Here comes the upside. We've seen that happen with I don't know how many companies over the past four weeks. This is a small microcosm of what the market can do. And so when we see pullbacks, we're not running away from them. Right. We understand that these days happen. This is where repositioning happens. This is why having your resistance levels and having your support levels are important. But are you in these long enough, some of these positions long enough to actually see the outcome? We've seen it now happen with Microsoft, some of our software companies. I just watched Synopsis and Cadence do the same thing and now it's, oh my gosh, I can't believe. Well, we were in strong companies. Was there a pullback? Yes, but we were in them long enough to see the gains on them and we're going to continue to see gains in my opinion.

[Shoddy]

Another one is a substantial amount in an investment can be Greater than a minimal amount in a trade.

[Rashad Bilal]

Listen.

[Ian Dunlap]

Oh, my God. You and I thinking the same thing. Go ahead. It's true. Go ahead, Cook.

[Shoddy]

It's really true. So it's like, what do I mean by that? It's like, okay, if you have $100,000 in investment and it gets 10%, you made $10,000. If you have $10,000 in a trade and it gets a hundred %, you made $10,000. So you should do both. You could do both for sure. But what also could happen is you could lose everything in the trade, and that 10,000 goes to zero. So the name of the game, when you're playing with larger sums of money, you don't necessarily have to have the most spectacular rates of return. You just got to be consistent. And that's really the game at the highest level possible. As far as, like, now, obviously, you have to have a lump sum of money, but it's a mindset to think about, because if you get good returns on large sums of money, that's actually the same as getting spectacular returns on smaller amounts of money.

[Rashad Bilal]

Yeah, it's a. It's a risk mitigation, right? It's one of those things. I had this conversation with Mike all the time. He's like, look, you did a thousand percent. You did 2000%. Why don't you put 500,000? Why don't you put. I'm like, mike, it's a risk mitigation, right? Yeah, we can get a thousand percent. We're going to put this amount of money in and watch it grow. Now, we're not just doing that one time. We're going to do that in a bunch of strong companies and watch it grow. This is how you build a portfolio. But I understand it. It's like, you see some of these astronomical gains, and like, two things happen. Oh, I should have invested more, or, damn, why did I invest? Right? Like, you can't pay both sides of it, so you have to have risk mitigation. Especially when. When you're trading options and trading futures and you can see some of these astronomical gains. It. It looks great until it doesn't go in the direction you want. And then you're like, why did I do that?

[Ian Dunlap]

In addition to your bet sizes need to be the same because the trade off is like, you got to have conviction in the trades and investments you're making. One of the worst feelings is to put a hundred dollars on something that goes 2200%. Like, you're one way to stop from having FOMO on either way is trade in the futures market the same amount of contracts, or dollar wise, put the same amount in every single trade. That's an easy way to prevent you from blowing up your account. But when you have conviction, you gotta put some size on the same bet every single time. It takes away a lot of that stress and fear. For real?

[Rashad Bilal]

Yeah, you. You spot on. I'm be. I'm gonna keep it real. I did this with Apple maybe a year ago, two years ago, it was like $4,000 that was just in the account. I was like, I'm putting an apple core, that 4,000. I think it gained like 900%. And I'm thinking to myself, oh, my gosh.

[Ian Dunlap]

Yeah, what did I do? Yep.

[Rashad Bilal]

But, you know, you live and you learn.

[Ian Dunlap]

You live and you learn. And the great part is, like, from these mistakes, this is where you get all your lessons. A lot of times people ask me, like, what did you. How did you get this insight? I'm like, it's from being active and writing down the mistakes. Like, once you have a system in place, the system really comes from the f ups you had early on and wish you could redo them over. Write down every mistake that you make. You have your own blueprint, your own playbook for how to navigate this market.

[Rashad Bilal]

And it's objective. In the back of my mind, I'm like, you can't lose by making a profit, but you know that there was something greater there on the table.

[Ian Dunlap]

Yeah, yeah, yeah, yeah.

[Shoddy]

Okay. I want to talk about relationships, too, just to kind of detour, because we definitely got to give a congratulations to Nas for opening a new restaurant. And, you know, at one point, at some point in time, we probably will be actually fully explaining our whole. Because there is a strategy to relationship building. It's not random. And if you do it consistently enough, it's like anything. You can get lucky once or twice, but you can't get. You can't get lucky for seven years straight. So there is, there is, there is a very specific set strategy.

[Ian Dunlap]

What's the strategy, Rashad? Audience, I got you. What's the strategy for it?

[Rashad Bilal]

Funny you should ask.

[Shoddy]

I wish I had more time, but one day we're going, we're going to tell this story in, in full detail. But I, But I, But I will say this, man. One thing that I will say about Nas is that he. We met a lot of great people. Like, as far as we haven't really met anybody that was like an asshole, that was like, you know, famous or somebody that we looked up to Growing up, for the most part, everybody's been cool. But I think he has the lightest heart.

[Ian Dunlap]

You can see that.

[Shoddy]

It's hard to explain, but he's very lighthearted person. Every time you see him, he just laughing. It's just like he's like a teenager. He's a very lighthearted, telling stories, joking. He's in a very good space in his life. And that's important because. Because the energy that you project is the energy that you get back. Absolutely. It's not a coincidence that he's getting involved in all these deals. The casino, the restaurant, venture capital. I think that within itself is a very valuable lesson. He's projecting a very warm, light hearted energy and he's being rewarded for it. And congratulations to him. But that's a key component to building relationships. I'll say that's one part of building a relationship is actually just projecting energy that would be welcoming to other people as opposed to, you know, a very aggressive.

[Rashad Bilal]

Yeah, yeah. And you, you can see it in the partners that he's selecting. Right. We, we have the opportunity to meet some of the partners in Coat and Coke Dot, which is his restaurants, which are going to do incredible by the way. There's one in Vegas, the new one just opened in New York. But seeing him navigate the relationships that he has and then having his like day one people still with him because I mean that's, that's something very common and very familiar with our story. Right. Like we still are the same guys, we're around a lot of the same guys that we grew up with. We, we're forcing relationships. People are seeing that happen in real time. And then when we see him, it's just like, damn, this is really a blueprint. This is really a blueprint. Even the rooms that he's cultivating, I mean it's phenomenal. And he fits in in every setting, which is kudos to him.

[Shoddy]

So it's good to see. Cause a lot of times, you know, especially shout out to Dame. You know, that's, that's the brother Dame, that's the brother. But always that's the other side of it as far as like a very aggressive CEO type person. A lot of times people think that that's how you have to be to be successful. It's like very aggressive, very, you know, loud, very. And you know that that does work for some people. But it's good to see when the other side wins too. Somebody that's very humble, very, you know, mild mannered, very warm hearted, kind. There's people like, that win a lot in business. And the people that's loud, they get highlighted a lot. But most, most of the really, really successful people, there's more people like that than like the Donald Trump.

[Ian Dunlap]

And like,

[Shoddy]

there are people that's like that, that are successful. But when you're, when you're chasing your dreams, don't try to be somebody that you're not. It's okay to be a, a good human being.

[Ian Dunlap]

It's better to be. Troy Rashad gave one tip. What, what's the second tip you would give to building relationships worth more than money back to you?

[Rashad Bilal]

I think treating everybody with the same amount of respect as the leader of the company or the leader of the business. We're just as cool with Jeff and Peter and the entire team as we are with Nas. Now, obviously, we looked up to Nas our entire lives. I mean, on record, I said this is the first guy I wanted to be like in my entire life. But it's important to show the other people around him how much you care about them, how much you value them, because they're in contact with that person more than you are. And we learned that Fat Joe said the same thing. Shout out to, to Rich. He was like, look, anybody that treats Rich any differently than they treat me, I can't keep them around because they only had to be around me. And so you learn that very early. You respect and give value and show, you know, commonality in those people. And then they'll say, look, those are guys. Those are genuine guys. I love being around these guys. And everybody says the same thing when we come around. Like, I love those guys. We got to protect those guys. It's because we treat everybody with the same amount of respect.

[Ian Dunlap]

Yeah. I love it.

[Rashad Bilal]

Yeah.

[Shoddy]

There you have it, ladies and gentlemen. Yeah.

[Rashad Bilal]

Shout out to him. Casino's opening February. No, no. April 28th. April 28th. I think they, they. Okay, yeah, so like two weeks. So shout out to them again, sir.

[Shoddy]

Okay. What is the oil surge strategy?

[Ian Dunlap]

I'm not going to say you should stop trading oil, but I think

[Shoddy]

a

[Ian Dunlap]

lot of people are looking to make an amazing move on, especially in the futures market. And I think even though they keep flip flopping, I think the world is getting adjusted to Donald Trump's manipulation of the market. So I think we may have another two months of this oil trade. But I really want you to focus on the es, NASDAQ and Dow. Even though consumer confidence is probably at one of the lowest levels since probably 0809, the market has been on a Tear, we're hitting all time highs and I don't want you like, I know someone who personally took their money out of the S and P and out of tech and moved it into a crude. And I'm like, I get the concern. It's like, well if I can time this right. And I'm like, because of the big short, I think everyone's looking for an amazing short. Opposed to realizing you're going to make a lot more money trading, looking for a bull market and being invested long term as well. So the crude surge strategy is I would not rotate your money out of tech out of the S&P 500. Whether you're trading, whether you're swing trading, you're doing options. Look for the ES long term and if you just compare it on volume, even though we've had a considerate incline in talk about the crude market, the volume doesn't match the S&P 500 at all. So stay focused on what's thriving and what's doing well. And this is one thing I love about the futures market. You can trade the same asset over and over again and get the same return out of it. But a lot of people are making a mistake and going so hard into energy at the wrong time. Stay focused on the es, NASDAQ Dow for long term because I think we may only have two or three more months of this crew trade anyway.

[Shoddy]

And I'll say this too, another oh, shout out to the brother. Busta Rhymes too. That's the bro and a my contractor. He went like two weeks ago when all of this was happening, he was telling me, he was like sell all your stocks and just buy real estate. He's like yo, the world is about to crash. Like it's not, this is not going to happen. He was like real estate is the only thing there's the only thing that can really tangent. You know the real estate people, they, that's the same argument. It's like it's tangible. If all else fails market not to cut you off.

[Ian Dunlap]

Every major company, you can drive past the building and see the in there. Yeah, sorry, I get tired of that though.

[Shoddy]

So he was telling me so to his son, he was saying, he told his son the same thing. Like look, take your money out of the stock market, buy real estate. He was heavy. He was, he's like yo, this is prophecy. Prophecy will be fulfilled. It's kind of hard to time prophecy. That's the only thing about it.

[Ian Dunlap]

Unless you me but this mark is not falling no time soon.

[Shoddy]

Oh, you got My, you got the prophecy timer too.

[Rashad Bilal]

That's the crystal ball.

[Ian Dunlap]

The prophecy on my first joining, y' all all aimed out.

[Shoddy]

No, I'm talking about, I'm talking about. Oh, religious, religious prophecy in the, in the world times.

[Ian Dunlap]

If we're going to be very honest, that crystal ball is powered by God. That's the part that's not talked about enough.

[Shoddy]

But do you, but do you have the time? Do you have the end of world? Do you have the end of world calculator?

[Rashad Bilal]

Powered by God.

[Shoddy]

Poly market.

[Ian Dunlap]

Are we talking about our universe or the parallel ones?

[Shoddy]

Multiverse.

[Rashad Bilal]

The spider verse

[Ian Dunlap]

might tell you a joke, but I never lie to you.

[Shoddy]

That's a fact. So I'll say, I'll say that. To say a lot of times, this isn't the first time that somebody has said something like that. Long term investing, you have to be able to weather the storm because every. Put it like this, at some point in time, this whole thing is going to fall. But if you own real estate, that's not gonna help either. If the stock market goes to zero, real estate is going to be screwed anyway for sure. So we all in this boat together. If it burns down, we all, we all getting burnt together. So I don't necessarily think that just jumping ship at every crisis is the best way to go about it.

[Rashad Bilal]

Yeah, that was my investing fact, right? Like stay in the positions long enough so that you can see the great return. That's how wealth is built. So running when, when you see a downturn is not the solution. In fact, that's the exact opposite of what people with wealth do when we see a pullback. When the Nasdaq goes down 10%, I'm like, they about to flood. They about to flood. Here comes the volume. Here it. And you see three weeks, two weeks later, here we are, right? So you, you, you gotta, you gotta have that long term mindset. I'll tell everybody, put your seat belts on, right? The market isn't going anywhere. The stock market is going to stay here. It will have his ups, it will have his downs, it will have a pullback. At some point we will have a correction, a deep correction, right? Not more than 10%. But that's not happening right now. So we got to take advantage of it.

[Ian Dunlap]

A couple of thoughts, if I may, for the people in class. It says that that's an old way of thinking when you had decoupling of asset classes and all the assets in the world were not muddled together. Two, any stock that's publicly traded, you can drive by the offices and then be able to see them. Lastly, because of quantitative easing, which is the lever that rigs the market to stay up, if you look at median home value increases since 2010 versus the returns of the stock market, the returns in the stock market are higher because of how much money they printed, how much? How much tech companies were able to borrow at 0%, 0% interest, in some cases negative. And finally, I need you to know no asset manager or hedge fund divides the asset classes. Please put that in chat. When you guys went to blackrock, you never said. You never heard them say we're getting rid of commercial real estate even though it's collapsing part residential or equities, you just figure out the correct allocation best based on the return. Put it in chat. It's not one or the other, it is both. It's an old mindset that is antiquated when there wasn't as much quantitative easing. And for my real estate investors, I would argue since you understand comps and comp structure a lot better, you probably will be a better investor in the market because you understand how BlackRock and Vanguard will aggregate and make a fund because you're doing the same thing in a residential neighborhood. But the answer is both, not one or the other.

[Rashad Bilal]

Please.

[Shoddy]

Yeah, okay. Let's talk about the strength of the market and a few interesting things I saw on Instagram. Put in a group chat. So S&P500 relative to M2 money supply is almost exactly where it was at the dot com bubble and then also the S and P. The dot com bubble overall chart laid over the current S&P 500 chart is almost exactly the same. So a lot of people are starting to say this looks a lot like the dot com bubble and a market crash is coming.

[Ian Dunlap]

With all the kindness and love in my heart from me to you, from Xander to you. If you think a crash is coming this year, you're misinformed. Will it come next year? Yes. The great part about my thesis about people say why invest in two index funds if they hold the same companies? Team clipped us up. I've always said for mitigation of risk. Notice when software stocks were down 20 to 35% to 55%, the S P was only down 3% and everyone was panicking like it was 1999 or 2001. I will say despite the difference between 99 and now, is that companies. Okay, think about it this way. I criticize Apple while being at 4 trillion in 99 you couldn't put six companies together. That was half as good as Apple's fifth competitor. The strength of the market is better because the companies are better. Look at Anthropic. And despite all the stuff I've said about Sam Altman that's been revealed in the book that's come out and the all the investigative journalism, that company's worth a trillion. Anthropic's worth a trillion. SpaceX worth it pre IPO maybe 2, 2 trillion arguably. Right. So the strength of the companies are better than we've seen. And you can't leave out Google, you can't leave out Lily, you can't leave out there's a bunch of companies if you go down the list of Dow, the S and P, the Nasdaq that are just are like some of the highest grade of company that we've ever seen. So the comparison would be false. And wishing for a crash does what for you? It does nothing. Even if we, let's say we drop 50%. You know, like if I can be very honest tonight, you know who doesn't give a damn about a crash? The people who've been invested the last 10 years. A 50% drop means shit. If you're up 2,500%, 3,000% like the people who got an Expedia in 09.22, they don't care about a drop. That's why length of hold, like for you guys, it's already been what, seven years? I don't think y' all selling in the next three. Why? Because you've extrapolated what, what the IP is going to be worth in 22 years. So I think everyone who wishes for a crash are only the people who've been sitting on the sidelines.

[Rashad Bilal]

I think I'll say this, I said I'll say that they do care if there is a crash. From the standpoint of great, here comes a new entry point for us. It's going to be another. Yeah, I think the, the do era is hugely different and I think you kind of touched on it. But when you look at the revenue that these companies are bringing in, that, that changes it. When you're talking about Apple, Nvidia, Broadcom, Amazon, Google, you're talking about meta trillion

[Ian Dunlap]

dollar company Micron and no, I mean

[Rashad Bilal]

Micron's not even a trillion dollar company yet. Right? But we, we've been in this company since it was 100 billion. It's probably sitting at about 500 billion now. SanDisk is not even at 200 billion yet. There's so much more growth for these companies. The demand has not changed. And we're still at the start of a revolution. I think that's what makes it very different from. From the dot com bubble. And this we're going to see every.

[Shoddy]

Well, that was the start of a revolution too.

[Ian Dunlap]

True.

[Rashad Bilal]

I was going to say we had to start at this revolution. But the demand is there and we're starting to see now companies that are about to IPO that are going to have some of the answers of how we now monetize it. Right. Like I personally just upgrade like Claude

[Ian Dunlap]

for the same hit.

[Rashad Bilal]

The upgrade. Right. The run that they've been on. Right. Like I started out as a $19 subscriber to Claw Pro. I've recently upgraded to a $200 subscriber to Monthly. Why? Because of how I'm using it on a functionality basis. So that starts to tell. Like here's the story of how we can now monetize on some of the AI that we're using. Minstrel is doing it in Europe. There are more stories coming out. We already talked about Manus and what Meta is doing. So the use case is slowly starting to creep into the story. Quarter after quarter we keep thinking, okay, well the demand is going to change. The demand is going to change in every quarter that we've seen. And we're going to see big companies coming up next week. The mega cap companies will be reporting. I know there's some that's going to be reporting this week as well. That hasn't changed.

[Ian Dunlap]

Right.

[Rashad Bilal]

We just saw TSM demand has actually tripled.

[Shoddy]

Well, would you say. Would you say some of the best companies in human history came out of the dot com era?

[Rashad Bilal]

A few.

[Shoddy]

A lot of them.

[Rashad Bilal]

A few. I think there's. And there's more. Yeah. Well, Amazon, Google, Amazon, tail end. Amazon for sure.

[Shoddy]

Part of the dot com era.

[Rashad Bilal]

Yeah.

[Shoddy]

I'm just saying Google changed the world. It's comparable to. It's comparable. It birthed some of the strongest companies ever. It revolutionized the world. Started a revolution. A lot of the same talking points you could say about the rep, like.com wasn't like NFTs like.

[Ian Dunlap]

No, there were a lot of companies that bust the AOL Time Warner merger.

[Rashad Bilal]

But the key is why did they bust? Why pause? Because of the revenue. Right. Were they bringing in revenue quarter to quarter? To quarter to quarter. Was there a demand for their services? There might have been a demand and it might have been an influx of companies.

[Ian Dunlap]

They were trying to create the demand.

[Rashad Bilal]

Exactly. And that's the difference. Right. So when we're looking at demand, we can clearly see it. How do we see it? Because we're watching it being spent with a lot of these AI companies. There's a reason why Broadcom is now almost a $2 trillion company. There's a reason why TSM is having this triple increase in demand where it's the reason why ASML is shipping out machines to the point where they can't even meet demand at this point. And that's just from the AI infrastructure. If we start talking about energy, if we start looking at the GE Renovas, I know we're going to talk about a few other companies. There's demand there, there's demand for infrastructure. There's a huge revolutionary demand that's happening that makes it a little bit different because of the revenue that's being brought into these companies.

[Ian Dunlap]

The question is, why did they bust, though?

[Rashad Bilal]

Hey, yo, pause. You ready?

[Ian Dunlap]

But Rashad, to your point though, I would argue even in this

[Shoddy]

American piece,

[Ian Dunlap]

yo, I love the show, yo, Powered by Mato. We need you. But in this AI era, there's a few companies I think that will suffer the same fate as some of the ones in the dot com era. If you look, WorldCom was a part of that. Excite, Webvam, eToys, Pets.com, geoCities, Netscape, who was acquired by AOL. The prominent players that came out of it was Amazon, Google, Nvidia, Intel, Dell, Compaq went under. So you're going to have attrition. Like the premise of that's a lot.

[Shoddy]

Look, look at what you just said. You said Nvidia, Amazon, Google put an asterisk.

[Ian Dunlap]

There was more death in that.com era and a bunch of money wasted though.

[Shoddy]

There's gonna be a lot of definition in this era too. The cream always gonna rise. There was a lot of great rappers of New York in the 90s, but there was 10,000 rappers in New York that never made. That was a bust.

[Rashad Bilal]

Is it is. Are you putting Nvidia because it IPO'd during that era?

[Ian Dunlap]

Nvidia was not a darling in the 2000s. Right.

[Rashad Bilal]

It's not.

[Shoddy]

It's not a game. But it came out of that era.

[Ian Dunlap]

It came out of that. You can argue there were probably four to five great companies versus I don't my math. Maybe I think it was 122 companies.

[Rashad Bilal]

What are we saying? The years are for the dot com era. 99. Well, 90s.

[Ian Dunlap]

Let's go 96 to 2000. Well, pre world tracing. So 2001.

[Rashad Bilal]

Yeah. So then Google doesn't IPO to 2006. Right. So we don't matters 2012.

[Ian Dunlap]

Yeah.

[Shoddy]

We didn't say Meta, I'm just saying. But Meta is a social media company. Google is a dot com company.

[Rashad Bilal]

But Google is 2006.

[Ian Dunlap]

The.com era technically is 95 to 2000. It was like when we were in high school.

[Rashad Bilal]

2001 is like

[Ian Dunlap]

Microsoft benefited, but Microsoft IPO.

[Rashad Bilal]

And here's the other argument too. This revolution has helped those dot com. So a company like Dell, Dell has completely changed their business strategy. Right. And we were talking about this company a year ago and I said look, this is not the Dell computers that you thought. This is an AI story now. Right? They're doing the racks, they're figuring out how they're going to manage and utilize AI to the point now they hit a 52 week high today. That was a company that you wouldn't even think of when you were talking. And now there is a craze so that some companies will not make it.

[Shoddy]

Right.

[Rashad Bilal]

We saw all birds saying hey, we're going AI Mustang,

[Ian Dunlap]

recession indicator.

[Rashad Bilal]

That doesn't help our argument. Right. When you're talking about a company that didn't really move when they were selling their own product now going into AI, okay, that there's a case there for that.

[Shoddy]

And then there's also geopolitical risk that we can't account for because Trump is liable.

[Rashad Bilal]

I mean he's liable to do anything.

[Shoddy]

Iran thing is still not settled. They just confiscated a ship today, allegedly in Iran. They about to hold it straight again. And Israel broke the ceasefire and America and FBI directors suing for 200 million. So the world is still crazy.

[Rashad Bilal]

Geopolitical we can't account for. But you can see the maneuvers that are happening to not offset but kind

[Ian Dunlap]

to mitigate a lot of that risk.

[Rashad Bilal]

Mitigate it a little bit.

[Ian Dunlap]

Right?

[Rashad Bilal]

When you start seeing supply chains getting moved, when you're starting to see infrastructure getting moved, those things are happening. But yeah, I mean some things are

[Ian Dunlap]

out of our control and really quick because Rashad, I know you do it. A good tip for everyone here is to ask chat, GPT or claw, what are the top 100 geopolitical risks that face us until 2030? A lot of people are getting ran into a buzz saw because you're not researching. Go research, spend your time doing the work. It's not that many black swan scenarios. There may be 12 or 13 black swan scenarios that can fall in your lap. But the other part is as the gap between the have and have nots wider, the greatest Beneficiaries of that are the people who own the public equities and the stocks. The gap is why is getting wider than ever. S P is at 7100. Like I remember when S P was in the 2000 range. It's at 7100.

[Rashad Bilal]

Right. And maybe four weeks ago people were thinking, hey, will this get under 6,000? Have we bottomed three weeks later? We've hit a long time high. NASDAQ is at an all time high.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Longest win streak since. I don't know, what was it? Yeah, some craziness.

[Ian Dunlap]

1992.

[Rashad Bilal]

Yeah. 13 day win history.

[Ian Dunlap]

Jordan was in Barcelona getting buckets. Last time we had a run this long. Hold for the long term. A lot of you are going to trade your way to poverty. And I'm begging you, if you don't, I'm being serious because everyone's playing okay. Even like, I know somebody was like, yo, I'm playing weeklies. I won't say the asset it went, they lost 150 grand. I'm like, if you gave yourself time, five months, that same trade could have played out in your favor. But the compression of time not being on your side is a terrible thing. And I know it's fun to see the high returns on the trading side, but the foundation has to be the long term. Then you go to the swing trading and then you go to intraday.

[Rashad Bilal]

Yeah, I actually went over that a month ago and I was talking about time decay and how that erodes an options contract. Right. When you, you think about time decay, that's the amount that is going to depreciate on a daily basis. If the stock moves up, it's still decaying. If it moves down, if it consolidates. Right. Like we had some Nvidia calls that the time decay just grew and grew and grew because Nvidia just consolidated. Consolidate that short time. Now, like we don't have enough time to get back positive in this call. So you got to take that into account when you're doing a lot these weeklies or one month, two months out, that time decay is a real thing. So make sure you check that number before you do any calls.

[Shoddy]

Yes, sir. How you say, is it Iran? Is it Iran? How do you pronounce?

[Rashad Bilal]

I think, yeah, I think you, you rolled the R a little bit.

[Shoddy]

Iran.

[Rashad Bilal]

There you go.

[Shoddy]

There you have it. To the Persian community, Talk about the ETF that you talked about on EYO University last week.

[Rashad Bilal]

Yeah, man. Shout out to everybody. Eylu again. So memory has been the story. We've been in a number of these companies. Seagate, we've been in Western Digital. Well, I haven't been in Western Digital, but I know a lot of people in the community have definitely have been in Micron since it was, I don't know, a hundred dollars, maybe below that 87 and definitely SanDisk, which is going up I think now 1900%. So a lot of people are trying to get contracts and they're seeing, wait, these contracts are really expensive. Some of them are big boy heavyweights. Which means in our community that means that the contract is over $10,000 for one contract. So it becomes a situation where I can't afford the contracts even from a short dated standpoint. Right. Cause if you look at some of the SanDisk contracts out to June, it's 8,000, $9,000. And so we always talk about, okay, well what can we do? And have exposure to some of these stories, these memory. And so luckily enough there was an ETF that was created probably maybe three weeks ago now, D R A M. And it's interesting because it gives you exposure to micron at 23%. But the reason I really like it is because on March 24th there was a story that came out that SK Hynix, which was the leader in memory. So there's three leaders, right? There's SK Hynix, there's Samsung and there's Micron. Two of them are from South Korea, one's from the United States. I always said that they're going to make sure that they make American memory great. And that's happened. We've seen Micron appreciate we don't have exposure to SK Hynix just yet, but they're planning to IPO here in the United States. And I think mid June, maybe late late May, mid June. But at some point in the second quarter they're going to ipo, which gives us exposure to it. Well, if we're thinking that the memory story isn't going anywhere and all signs have shown that the demand is still there. In fact, Micron is sold out to 2027. SK Hynix is building a new foundry in addition to what they already have to try to meet some of the demand. How do we get to exposure to it? Now we get an etf, right? So the three allocations, the three leading allocations in Drum, the etf, it's a round hill etf. SK Hynix number one, Samsung number two, Micron number three. And then it does have exposure for Seagate, Western Digital and SanDisk as well. And so if we can't afford those contracts long term, which they're very expensive and even short term there's some expensive, we can have some exposure inside the etf. And so this becomes another one of those ways to invest in a company or have exposure to a company without directly taking on the volatility of how those moves. Because if you've been in Sandisk, trust me, you, you've dealt with some volatility. But if you've watched how it's moved over the past six months, you know, with volatility comes some, some really high upticks. And we saw that happen over the last six weeks. So drama is one of those that is now in the portfolio because the memory story is still very prominent. We still believe in it. I don't think this will be cyclical is what everybody has been saying in that.com era. This was a cyclical sector. Very different now. Very different now because of demand that's needed. Right. Once I see TSM say that demand's going up, that means that entire sector of GPUs, cpus, xpus, whatever processing units you can think of, they're going to need memory. Yeah, all, any, all of them. And so yeah, that, that's what we covered. And it's relatively affordable. And so like I said, the, the ETF just came to the market maybe three weeks ago. So we're watching the volume on it, but we do have some exposure to it.

[Ian Dunlap]

Don't buy them 30s. That's the only thing I will say the perk 30s. Leave the price alone, let it settle in both instances. Leave the, the perk 30s and drama alone. The perk 30s in real life. Wait for the price of settle because some of y' all gonna chase it at 35 and get smacked. I don't want that to happen to you. Wait for the price to fall back and you'll be good.

[Rashad Bilal]

So that's, and that's Another thing with ETFs, the volatility isn't as great as it is when you invest in some of these individual companies. What the reason I really like it, obviously Micron's in it at 23% is the fact that we have exposure to SK, Hynix and Samsung and we couldn't have that otherwise because they. It's a company that trades in South Korea and we don't have access to that. So this is the way that we can get access to it before it ipos here.

[Shoddy]

There you have it. Yeah. Shout out to Corday. You know, in EY University, we Got a thing where if you get a thousand percent rate of return, you get a green jacket. That's the. That's like the master's green jacket. So in the Eyl University app, people have been putting their screenshots of the thousand percent return that they've gotten, and we're creating a green jacket community. And Cordae, he, He, my dog. He's an avid watch of the show. Salute to him. And Joey Badass is an avid watch of the show.

[Ian Dunlap]

Yeah, Joy, tap in every week. Yo,

[Shoddy]

the green jacket is becoming a thing. And he was like, I might not have got the green jacket on. He did get a green.

[Rashad Bilal]

He did get his green jacket, but

[Shoddy]

he was like, on another one, he's like, I might not got a green jacket, but I got a jacket jean jacket. So the jean jacket is 500%. That's 500%. So if you get 500%.

[Rashad Bilal]

It was a rapper. Yeah, that was a rapper. And I know they're gonna kill me. I said, drum Dram. If you're in that community. Yes. But for the people who are watching it, drum. Just spell it. D R A M. Yes, it's Dram. Yes, I know. Thank you.

[Shoddy]

So salute to all the green jacket holders out there.

[Rashad Bilal]

That's a fact.

[Shoddy]

Congratulations.

[Rashad Bilal]

Yeah. And if you, if you, if you didn't put your, your green jacket percentage, go to, to, to the app, screenshot it, show us it so we can send you the green jacket approval. And stay tuned.

[Shoddy]

We got something special.

[Rashad Bilal]

Stay tuned.

[Shoddy]

We got something special planned for the green jacket.

[Rashad Bilal]

Stay tuned. Numbers on the board. I put my numbers on the board. Members stay there. Go look at them. I ain't running from them.

[Shoddy]

Tim Cook has stepped down as CEO of Apple. So that's something that I know you've been talking about a long time, Ian, as far as you advocated for him to leave as CEO. So the day has come. He has stepped down. And obviously that's a big, you know, that's big. He's one of the most iconic CEOs of our generation. Apple, one of the most successful companies in human history. It's a new day. It's a new day. A lot of people complained about the innovation, the lack of innovation from Apple. So what does Tim Cook leaving mean?

[Ian Dunlap]

A new era for Apple. And I know a lot of you thought from the headlines, I was going to come in and gloat, but at first I want to highlight some of the, like, things that he's done. Because if you remember the day that Steve Jobs died, I remember my dad calling me. He's like, yo, Steve Jobs died. How you feel? He knew I was an advantage. The stock was on a volatile tear. So he brought structure to a Steve Jobless company. You got to give him his credit. The first company to hit a trillion dollar valuation. Two trillion, three trillion. Made that a $4 trillion economy. 1900% return and 15 years largest buybacks. Partner with Icon to kind of get some of those things in order. Apple watch services, AirPods. And brought legitimacy to a company that was not well respected upon Wall street before his tenure. As to the innovation part, shout out to everybody that I've had a chance to talk to HQ today. One of the greatest parts that's tough about being the leader and you guys talked about at the top of the show is the power of relationships. So if somebody dropped me a little anecdote, I know you were on him about not investing in OpenAI and missing out on Anthropic. But what if, hypothetically, he was blocked from both? It's telling he made some enemies along the way that may have prevented him from getting into some of these investments. So, greatest operator in our era for sure. One of the greatest tech executives ever built. One of the best supply chains ever. I think he's leaving Apple in great hands. He's still going to be executive chairman, which I said he should be. And there's even some rumblings he's positioned very well to maybe even take over as CEO of Nike in a couple years. Talk about a hell of a turnaround story that would be if he can leave the legacy and build that infrastructure and take that infrastructure over to a dying American brand. So before I get to my I told you so's, I want to give him credit not only for making Apple a legitimate company, but he was partially responsible for a lot of my wealth creation from when I invested in Apple very early. And I think he faced some headwinds and challenges that he could not get over. Now that that's out the way, From the bottom of my heart, a lot of times, like people ask me like, how did you come up? Even Todd, Todd was like, yo, you work for an agency. I was like, nah, bro. Like a lot of this stuff, it just comes from reading and understanding the life cycle. Like, even when I ask you guys media questions, you know something is a hit or not, as soon as it's posted, I. I know I got a hit post. When Rashad gets to tap in like early, that's a metric, right? The secret to understanding how these things are going to happen in advance is literally just reading all day. And I said it earlier. The other part is prayer and discernment. You guys have it, right? We've met a lot of people that have it who can see things. But some of you are asking, how do you get the secret? It's like you have to do the things that you need to do every day to be able to get an edge in this market. And the great part with all this information, with Claude OpenAI agents, the crazy part is we have more agents available than ever to help you do all the research. And I still, still see people not doing the research. Not those, you know, Red Panda, not to the earners, but I see people, a lot of people who are not doing it. So I think it was time for him to step down. I think there were a lot of challenges that he faced, especially with this administration that were weighing on him. And I think he's leaving the that seat to a very responsible person who's going to take Apple to another level and he'll be able to get some deals done that he wouldn't be able to. So kudos and salute to Tim Cook for leading Apple and stepping down.

[Shoddy]

No, no, but you was also very critical of his leadership. You were very critical of his leadership and the innovation, the lack of innovation. And you were very vocal.

[Ian Dunlap]

And I was the first one on earth to say he should step down. Absolutely.

[Shoddy]

No, no, no, I got that.

[Rashad Bilal]

Kudos to you, but let's talk.

[Shoddy]

You gave the respectful eulogy, but let's talk.

[Ian Dunlap]

He's going to elevated state. He's chairman.

[Shoddy]

No, no, I got it, I got it. But let's, let's get to, let's get to that.

[Rashad Bilal]

They want that same energy.

[Shoddy]

Let's get to that part of it.

[Ian Dunlap]

What's the question? I'm learning.

[Shoddy]

I'm answering it.

[Ian Dunlap]

What's the question? 18. Clip this. Will you start the clip?

[Shoddy]

Why? What were you unhappy about with Tim Cook's leadership? Why did you think that he should

[Ian Dunlap]

have stepped down if you're the number one? I think this is a common trait that we all share. All of great leaders share this. I think you have to have an endless amount of paranoia for losing your number one spot. Tim got comfortable. Was he blocked? So let me go to some of the achievements. Apple Watch, AirPods amazing. Apple Vision Pro failure. Apple Pay, great Apple Music, Apple TV, iPhone X, iPad Pro, acquisition of Beats from Dr. Dre Siri and yep, Siri, amazing innovation.

[Shoddy]

But y' all said Siri was the worst AI. No, no, no, no, no. Both of you said that Siri was the expert question.

[Rashad Bilal]

That's why he said he's not happy

[Ian Dunlap]

with him

[Shoddy]

enduring manner of like that was achievement.

[Rashad Bilal]

No, no, it was on his, it was on his jacket like he. That's on his resume. Right, but it's also the reason why you're not the the real.

[Ian Dunlap]

Let me have my, my little circle. Okay. Now I'm you the that you want. He didn't innovate and get 59 of open AI and 30% of anthropic like Google did. Okay, you want me to be that another jacket all that. Okay, cool. I got you. He failed to do whatever he needed to do at HQ to get significant investment. He missed out on SpaceX, Anthropic and OpenAI. That's a huge mistake. In addition to while being one of the greatest operators in the history of Silicon Valley, you thought Steve was toxic. How many people do we know that worked at Apple that have left because they're not happy with the current condition of the company, the innovation work life balance or the migration of growth in the stock alone? For those you don't know, a lot of senior people at Apple have left to go to Netflix and Meta and Anthropic. They all over Silicon Valley open AI, they're losing some of their luster. Now of course he had roadblocks from this administration but some of it like when people kept saying well Apple isn't the first to market. That's not always true. They are selective in which they're first to market in. I also think shout out to my guy Drew. We've had this conversation endlessly in Red Panda. We're doing a trading calls every day. The innovation behind Samsung, even when I said OpenAI is going to be the iPhone, that's painted to be true because Samsung is one in smartphones. Apple smartphone is losing its luster and market share. So when you miss the biggest investment opportunity that will integrate seamlessly into your operating system, whether it's your phone operating system or Mac os. If you look at chat, GPT and Johnny, I've leaving even that you notice. You notice that there is almost no mention or reverence of Steve Jobs except that fucking theater they got over there that's telling this, telling that Johnny who was right hand to Steve, went right to Sam to make the next product because him and Tim were not getting along. It's a fucking mistake. Empires have fallen. General Electric fell apart. World commits fault. I'm old enough to remember when AOL was the biggest thing on the market. When it went public and it fell apart in a Time Warner merger. In all of these scenarios, they took their foot off the gas and got comfortable and stopped innovating. And then here comes Nvidia, empty. Got a whole laundry list of companies. When I see these market caps and valuations change quickly, I'm like, how did you miss on drafting them? Yeah. At one point, Apple had enough cash to buy the majority of the Fortune 500. You put it into bonds. That's why I'm mad. And that it cost me greatly. Cost me some relationships there. Got my account locked. But I'm gonna tell the truth above anything else to the audience. I'm gonna say, listen to. First time.

[Rashad Bilal]

Listen the first time.

[Ian Dunlap]

Listen. The first time. You'll have to.

[Rashad Bilal]

This was a. The writing was on the wall. I'm glad you said it early, because after a certain point, the AI lag story, it was so overwhelming that I almost felt it was intentional. I remember being on here saying, you know what? Maybe they're smarter than we. Cox Internet, the treas megas para streaming y gaming y TRA bajardes de casa todo porsolog unlimited guarantos Think. And maybe they're just doing this intentionally because they're watching everybody spend and they have this boatload of money and they're just waiting to figure out what to do with it. And the longer that that story played on, I realized that maybe that wasn't the strategy and they did not execute, which speaks to what histor. And this is important in relationships, too. Understanding your strong points and understanding your weaknesses.

[Ian Dunlap]

Right.

[Rashad Bilal]

So for all the innovation that Jobs add. Yes. There were some innovation breakthroughs.

[Ian Dunlap]

There was a ton of, like, the OS is great.

[Rashad Bilal]

It's great. And services is his thing. And so when I. When I look at him, I think two things. I look scale and I look operations. Right. Because you did take it from a $350 billion company to a $4 trillion company that talks about scale operations. Yes. The hardware was created. IPhone. Right. The iPad, all those things. And now how do we make money inside of those devices? You get the App Store, you get icloud. So he's put those things in place where he lacked. And this is. I mean, it's interesting that John Turner is replacing him is innovation engineering and hardware. So he couldn't figure out how you're going to integrate AI into hardware. Right. Siri. We saw Siri.

[Ian Dunlap]

And this is the worst AI product probably in the history of Valley.

[Rashad Bilal]

It is. And the fact that they couldn't figure it out, they Tried with the Vision Pro, it didn't work. There was rumors of the glasses, they never came to fruition. Then we started to see them replicate what was already being put out. Now, when seeing innovation happen before they're. And so it just became, you're following. Y' all following. We saw Samsung put out their devices and it's like, oh wait, we already had, we've already seen this, the innovation has stopped. And so this is more of a succession. And I appreciate him stepping down because he's realizing that this is not my strong point. Well, let's put somebody who's in there. So where does John Turnos come in? He is the senior vice president of hardware engineering for Apple. Straight up, right. What did he do? He did one of the most important things in the history of a company. He said, you know that cpu, that company that we used to use, intel, we're getting rid of them, we're going to create our own chips. Yeah, right. The M1 comes under his, his watch. Products and services become more operational, more functional under his watch. So he understands innovation, he understands integration, he understands hardware meeting AI. That's where, where, where he missed the mark. And did he take his foot off the wheel? Probably right. But he brought the company to where it is now and now it's somebody else's turn. And so the moment that we're at now and does what does this mean for the stock? I think Apple's still going to be Apple. Right? You got to have a new leader. But they have an opportunity here now to say, okay, this guy has brought us to this point with his strengths. Let's bring somebody in who now can take the next torch of the revolution of what Apple will be. How do we integrate AI which is going to lead us and is leading now and integrate it with hardware that can be beneficial, that can be innovative and that can lead us into the future. Rather than seeing Google continuously do it, Samsung continuously do it. Right. Huawei continue continuously do it. When are we going to have our story? I think this is the moment where they start that story.

[Ian Dunlap]

Rashad, you satisfied?

[Shoddy]

Appreciate it.

[Ian Dunlap]

Good cop, bad cop. And I will say this, I think he's going to do a great job in handing off tenure and having an amazing succession plan to Apple. And I think Apple is going to see some of his brighter days. And the great, great part is outside of maybe his leadership style, there's a bunch of incredibly talented world class people who are at HQ that have some amazing ideas. I hope they get to get off.

[Rashad Bilal]

That's what this is really cool. It's like, what is the innovation? What's the next gen innovation that Apple will bring to us? It's the most trusted brand that we have.

[Ian Dunlap]

Right.

[Rashad Bilal]

We still trust it people. I mean all, I mean the products that are sitting on this table, majority of them come from that company. We trust the brand. But what does innovation look like? How do you skew younger? How do you get more people? Like, they put out that, that MacBook, the new MacBook. I mean, it was cool.

[Ian Dunlap]

It's cool, but it's not. I remember when having an apple. I remember 2001 Indiana University. I remember when Tyler and Kel Spencer from Jersey had the ipod with the touch or some shit and it was like a luxury item. It was like Cartier on college campus. Having an Apple was a status scale. I think they could have even think about this. The greatest opportunity for Apple right now still is agents. It's a lot of talk about open claw perplexity. The average person doesn't know how to set that up. Keys had an amazing episode. The main thing, hey, how can I get the prompt? I don't know what he's. What he's talking. How do I set this up? It's like, damn, I'm. He's operating at a different level. There isn't one operating system you can plug in now where you can just enter, hey, do all my work for me for the day. That's the innovation they were missing. And with all those, go ahead.

[Shoddy]

Well, I think that they have a clear advantage on that because they, they have all of the information, all the data already. They have the calendar, they have your email high cloud, they have your, your how many walk, how many steps you. You walk a day with data.

[Ian Dunlap]

It was a huge opportunity.

[Shoddy]

Yeah, they got the map, the GPS map. So they're in prime position, but I mean, they're up 100 over the last five years, the stock. So all you guys do is just. It's Brock Purdy. This is what we call Brock Purdy. You think it's Brock Purdy? Game management.

[Ian Dunlap]

No, we need game exceptional.

[Rashad Bilal]

No, no, no. They can't, they can't do game management. They're gonna get left behind doing game management.

[Ian Dunlap]

Game management.

[Rashad Bilal]

Don't win chips. No.

[Shoddy]

Game manager.

[Rashad Bilal]

It's never one chips.

[Ian Dunlap]

No.

[Rashad Bilal]

Unless you're trend.

[Ian Dunlap]

We need exceptionalism.

[Rashad Bilal]

That's what, that's what you expect. That's what you expect.

[Shoddy]

In order to be in. In order to have exceptionalism, you got to be exceptional. No disrespect. To this brother who this new CEO.

[Rashad Bilal]

Oh, okay.

[Shoddy]

But there's only a few. There's only a few exceptional people in the world and that's why they're exceptional. There's only a few Mark Zuckerbergs, there's only a few Jensen Jus. There's only a few Steve Jobs Sandbergs.

[Ian Dunlap]

The right. What made also what made Steve Jobs incredibly great when things start to balance was having Tim at the right side. Tim was a master of operations. You need a master council around you. It's not a no.

[Rashad Bilal]

I was gonna say here's, here's the cycle repeating itself. Right. We had the innovation that led us. Operations came behind it. We need new innovation. They teased the new products. We didn't even talk about it. I sent it in the chat. There wasn't even a word like nobody was impressed. That's a problem. That's the problem.

[Shoddy]

AI agent should be their primary focus. It shouldn't be relatively too difficult to. Because they, they can, they could probably have the best one on the market in a relatively short, short period of time.

[Rashad Bilal]

But the cost, the cost that goes into that can they produce, they're going to have to spend.

[Ian Dunlap]

They have the capital, so.

[Rashad Bilal]

But then they got to deploy it, right? And if they deploy it, they've watched the reaction to capex spend from all their competitors. Look what it's done to meta. Look what it did to Microsoft. Think about that. Think about what it did to Google. Yeah, every. Look at what it did to Invit. Every time mega cap company says, hey, we're Amazon, same thing. I know they're rebounding now we're spending more because we see the demand. We can see where the future's headed. Apple has never participated. They're not even part of the capex story.

[Ian Dunlap]

Yep, listen, Apple could spend 10% of the cash that they have in the coffers. Spend 6.9 billion in that blink, they got 66.9 billion in securities, bonds and cash sitting. You're not Buffett deploy that shit.

[Rashad Bilal]

So that's. Maybe that's what he come. Maybe that's what he's coming to do. Now we're like, look, we have ideas, we got innovation. I've saved the company a lot of money, right, by getting rid of Intel. We're going to do this ourselves. But the problem is that method has worked for Google because they have other

[Ian Dunlap]

pieces of the puzzle and play that they developed and.

[Rashad Bilal]

Yep, right, we're going to partner with Broadcom to get these tpus out. Apple hasn't participated in any of that. So who's using M1 chips? Apple is anybody else who have they partnered with?

[Ian Dunlap]

I get keeping it in the house. And also too I'll say I won't speak much on it because I think Tim should have did a better job at managing their relationship with Jensen and Zuckerberg. There's a lot of talk about beef and drama. We don't talk enough about the tech CEO beef. Tim had too many kerfuffles with too many prominent CEOs and also they're going to get their revenge back. When they sat at the table with the President, his political leaners were not favorable to Trump but Trump knew he was needed. But it also cost Apple a lot as well. Not playing well with the other tech Bros.

[Rashad Bilal]

Fell behind new markets. We'll see.

[Ian Dunlap]

And if y' all don't be in an uproar the next time somebody go take my talking points to cnbc. Man, I was mad as hell seeing other dude talking about Tim Cook needs to be fired a year after I said it.

[Rashad Bilal]

There's a pattern happening here for sure.

[Ian Dunlap]

Huh?

[Rashad Bilal]

We're still bullish on Apple.

[Ian Dunlap]

Yeah. At least until 2034.

[Rashad Bilal]

Yeah, I'm with you. I'm still bullish on Apple. Shout out to my man Dan Hobbs. He said new price target 370

[Ian Dunlap]

and the great part is he doesn't have as much press to worry about in the interim. He isn't a global icon like how Tim is. He'll be able to focus on the operation internationally and getting Apple back to his to his lore.

[Rashad Bilal]

Or he could be a jazzy and just kind of.

[Ian Dunlap]

But it's different because Jassy has margin constrictions and the the story on the lovability of Amazon is slowly changing due to work conditions. Apple has incredible margins so they'll be able to.

[Rashad Bilal]

Yeah, the margins are completely different. That's fair.

[Ian Dunlap]

Completely different.

[Rashad Bilal]

Yeah.

[Shoddy]

Let's talk about market manipulation alleged. Has the market become immune to the manipulation?

[Ian Dunlap]

Absolutely. I think even when people say you don't know what Trump is going to do if you prompt act as a world class investor. Tell me the list of business kerfuffles Trump has had since 1972 and how would they approximate to what how he's leading in office today. Claude will tell you every scenario for how the how this war, China, North Korea, South Korea. Bricks can go. It goes back to doing the work. I know it seems like I'm kind of pulling things out of air at times, but it comes from a lot of preparation. So and the other part is people only care about the manipulation if they're not benefiting from it. A lot of people are saying, okay, there's market manipulation because they want to find how to get in on the manipulation themselves. Going back to capitalism that talked from last week. So it's priced in. I keep saying the market is permanently rigged to stay up due to quantitative easing, Automated Automated Investing, BlackRock, Vanguard. And then people want to fight the trend. Don't fight the trend. You just have to be a part of it. But they priced it in. Like these moves are so predictable now in crude es, nasdaq, they almost are matching and rhyming each other week by week now. So I think they price it in.

[Shoddy]

I do think that at some point in time when he's no longer this, we've never seen market manipulation this obvious and this blatant before. And it's going to change the market because when the Democrats get back in power, they're going to, they're going to implement new rules, regulations on stock trading. On government part. There's going to be a whole list of new regulation and rules for stock market trading because we've never seen the blatant disregard like Pooh Shiesty was disrespectful in his probation. He was very disrespectful to his probation officer by the things that he did. Trump is blatantly disrespectful. It's one thing to manipulate and, and do these things, allegedly. Here's another thing to just be blatantly disrespectful and have no dish. Have no regard for any SEC law, anything. We've never seen this before. Ever. Never. Never

[Ian Dunlap]

was worse. I'm not doing it.

[Shoddy]

Modern history. There's going to be repercussions and there will be changes to stock trading and investing when the democrats take office.

[Ian Dunlap]

25 real quick, Troy. They front run at that pattern day trading rule as a result. And truth be, if we're going to be honest, they may change the margin required. They're not going to change the structure that is the NASDAQ or the New York Stock Exchange because a lot of their net worth and liquidity are tied into it.

[Shoddy]

Well, here's the thing. Here's what they're going after. Prediction markets. Yeah, they're gonna go, they're gonna go after prediction markets.

[Rashad Bilal]

Sure.

[Shoddy]

Prediction markets. They definitely 100. That's the first thing they're gonna go after is prediction markets. Because that's the easiest, that's the easiest thing to manipulate because it's not even, you don't even have to have a company tied to it. You could just literally make a bet on something.

[Ian Dunlap]

I.

[Shoddy]

100% prediction markets, I don't think in four years is going to be anywhere close to what it looks like right now.

[Rashad Bilal]

I think it's worse. I think it's worse. I agree with you. I had this conversation today. I think somebody is going to, or a bunch of people are going to be, this is going to be a criminal charge at some point because like you said, it's beyond blatantly disrespectful. It's obviously disrespectful when you have people that are making bets that are investing or trying to invest in things prior to them happening in the market because of the knowledge that they have. I mean, we spoke about this when we were talking about Congress having insider trading because they're passing bills for some of these companies. And that felt really, really like unfair. And, and now you have the president like, we're go, the dow's going to 50,000. Oh, the market's going to have a great day today. Things like you just. It's unprecedented and it feels criminal because it is, allegedly. But I think it gets worse. I think it gets worse because I think in the point that you're making, the rules will change. And I think that retail investors. We've adjusted to it. We've adjusted to the pattern of ridiculousness to us, in a sense, we've adjusted to it. The rules change. We learn the rules, we figure out how to play. The rules change, we learn the rules, we figure out how to play. They won't interrupt it because they're making money.

[Ian Dunlap]

They're making so much money off.

[Rashad Bilal]

They're making so much money that they'll try to change the rules, but they won't jeopardize themselves making money. I think greed is always at the root of it. So I think, I think it gets worse.

[Shoddy]

I think it, I think they will definitely interrupt it because it's going to be one of the key things that they run on as far as anti corruption. And just think about it. They were making money off cigarettes at one point. Everybody smoked cigarettes. They had, they had commercial, they used to have commercials with doctors or doctors on the cigarettes. Like, and then it just got to a point where they was like, look, we can't, you know, just. I'm sorry, but it gotta go. And, and they killed the cigarette industry.

[Ian Dunlap]

And what are those cigarette companies turn into? They turn into food companies.

[Shoddy]

No, no, you're always gonna rebrand 100. There's always gonna be a rebrand. I'm not saying that. You're not. You can't stop the money.

[Rashad Bilal]

Yeah, they're gone.

[Shoddy]

You can't stop the money. But they are going to target prediction markets for sure.

[Ian Dunlap]

They came out Democrats, I think, on

[Shoddy]

when they come into power, because they are going to come into power, they'll

[Rashad Bilal]

try it by state, by state, and that's. That's starting to happen already. I know Utah senators are trying to figure out a way to. To curb it because there's no. They said there's no gambling in the state, and technically it's not gambling, but, I mean, it has some similarities to it. So state by state, they'll try to do it, and it'll be a state that says, you know, we're not going for that. We're not going for that. Then it'll be somebody saying, hey, I'm gonna turn my. My VPN on. I'm being that state. It's like what they did with sports betting.

[Ian Dunlap]

Yeah, I Remember when.

[Rashad Bilal]

When DraftKings and FanDuel came out and New York would not allow it, but New Jersey did. All right, well, let's get the vpn. We in Jersey. Too much money to not be part of it. We got to make it legal, and

[Ian Dunlap]

here comes Robin Hood to save the day.

[Rashad Bilal]

But there we go.

[Ian Dunlap]

Stabilize the prediction. They'll probably be the vanguard of the prediction markets.

[Rashad Bilal]

We need to have a company that we can say that we trust, a company that has been vetted, a company that's been here. Okay, we'll let them do it on that.

[Shoddy]

Okay, well, we'll see. We'll see when Mondani becomes president. We'll talk about it on blackout. We'll talk about it on blackout.

[Ian Dunlap]

Great prediction. Great prediction.

[Rashad Bilal]

I gotta go to Polymorph and see the odds on that.

[Shoddy]

Speaking of Robin Hood, talk about Robin Hood's recent stock rise.

[Rashad Bilal]

Yeah, Robinhood was a company. That was. When we did our top 10 companies of the year, it was. I think it was number 10 for me because of number one relationships. We actually sat down with the CEO on a few occasions, but the most recent one, we had had a conversation prior to the interview, and he didn't say things, but he implied things that made me say, let me go and do some research on what he's talking about, the technology that they're coming out with, some of the things that they have in the future. So I went and did my own research. And so you've seen Robin Hood have an uptick here. There's a couple of reasons. Number one, they were announced as the company that's going to lead the technology for the quote unquote, Trump accounts, which means that every kid that is born in 2026 going forward has access to a thousand dollars inside of a brokerage account, brokerage account. Now that can be added to throughout the year. So you figure you have embedded customer base for the next 10 to 15 years, however long they allow Robin Hood to do it. I know BK Mellon is underwriting it as the bank, so that's number one. Right. That new customer base that's been there. Then you think about the existing customer base that they already have. When you talked about young retail investors, what brokerage are they using? Overwhelmingly, when I talk to people who had just started, they're the common theme. I'll be honest with you. Most people like I use E Trade, I use td, right? I have Fidelity. I don't even have a Robinhood. But I see that most people that have just begun or are under 30 are using Robin Hood. So you have the existing corp audience, you have the options trading audience. But if you haven't watched bitcoin slowly coming out of that 67 to 72 range got up to 72,000. A large part of of how Robinhood actually grows in its revenue is from that bitcoin trading. And so bitcoin ticks up, you'll start to see Robinhood tick up. You add into it its number one revenue source, which is options trading. You see the market tick up. NASDAQ hit its all time high. S P hit its all time high. You're watching Robinhood grow. The other part is predictive markets. They had a 300% increase in predictive markets in the first quarter. They're going to be reporting their second quarter results, I think in the next couple of weeks, probably I think next week. And so we'll see how predictive markets performed. Obviously you had a lot of things going on in the second quarter. So you're starting to see Robin Hood, which kind of was trailing on a down hood, Trend down to 67. Like, all right, I'm watching it. I'm watching it. Here's his 400 day at 70. It went over. It's 4, 400 day, not 200, it's 400 day. It reclaimed it. Perfect. This is the time we got to get it. So we bought some calls on it. And again, this is why going into the year I'm looking at it saying Robin Hood is primed. To do something here and it looks like it's on a nice rebound here.

[Ian Dunlap]

Yeah, I love it. I love it. I've never changed my stance or position. Once again, hold for 10 years. You'll be good. I think they are in a prime position over the next few years to do incredibly well as a result. So even though they've had a deep dip, I think they'll be. Hey, okay. I do want to address something too really quick that was said in the comments about Martha Stewart. She went to jail for insider trade. That Trump will suffer the same fate. Martha Stewart went for jail for lying about the information that she was given. That's why she was charged. Also with insider trading, if you file the information in a confidentiality reports, you can escape some of these things as well. So will they change the landscape of it? Yes, but I think over a certain dollar amount, like even if you look at the private credit issue, you don't know who's currently trading that because the volume or the dollar amount needed to trade that asset on the short is a lot. I think maybe a few people in administration probably would be charged, but the majority of people who made the lion's share of the money, they're not going anywhere. That's the part about capitalism that sucks is that capitalism protects the capitalists through lobbying.

[Shoddy]

I think they're gonna go after his family for sure. I forgot Mondani wasn't born in America. Yeah, I guess he can't run for president then. Maybe that's why he said he wasn't gonna run for president. Well, there goes that.

[Ian Dunlap]

But Democrats in trouble.

[Rashad Bilal]

Yeah, you're in trouble.

[Shoddy]

I think they're gonna go after his family. Charlemagne made a good point as far as at one point in time Germany had a denazification. So after like they, they went extra hard to really like pure purge themselves of all Nazi remnants, people, sympathizers, all that. I think you're going to see a demaga vacation of America and everybody's going to be like on the other side of this thing. And they're going to go after Trump. It depends. If they get Gavin Newsome, I think he's going to do it. I think Gavin Newsom's going to run a hard line. You, huh? No, not again.

[Ian Dunlap]

It's not that I'm a fan, but it's really hard to run a country when you can't enter while the homes that burned down a year ago still not up. It's a tough answer to get. And if you're leaving

[Shoddy]

running countries have dropped Drastically.

[Rashad Bilal]

That's true.

[Shoddy]

It's a pretty low bar on one

[Ian Dunlap]

side, not both sides. He.

[Rashad Bilal]

He's gonna get charged and he's going to claim dementia. And I mean, he's going to be 81 this year, 82 this year. Whatever how old he's going to be. He's got a. He's made enough money. And this is, this is the thing with, with, you know, making so much capital is. You can fight. You got capital to fight it. You don't made 9, 10 billion, you're gonna fight this. But who won't be safe is. Is some of the. The. The younger offspring for sure of his. Yeah.

[Shoddy]

I mean, when the government is hard to fight the government, no matter who you are.

[Ian Dunlap]

I mean, put all his cronies in position.

[Shoddy]

And that's. And that's why they. And they get erased. And now they. And that's what you call. Said that. We said that. He's like, damn, if Democrats win, I'm going to jail. Who said that? They said it at the, at the convention. One of his. His top guys. He was like, if the. Put it in chat. Who said that? He was like, if the Democrats win, we're screwed. We're going to jail. He said it. They said it.

[Rashad Bilal]

Keep over life.

[Ian Dunlap]

And this New America Party, that'd be the death boat. Like, I'm looking to see. Like, people really don't understand how big that Turning Point USA movement was. They're like the angel investors of that political side of maga. Conservative nation. If Tucker and a few of them get together and start fundraising, it's going to be bad for maga. I think a lot of the infighting is going. What is going to be. What brings that down?

[Shoddy]

Yeah, Steve Bannon, that's who said it. He was like, yo, if the Democrats take over, we're going to jail. Like he said it. He said, we're going.

[Rashad Bilal]

Oh, but then he won and dropped the charge. He dropped all the investigations on him, right?

[Shoddy]

No, no. He said this recently.

[Rashad Bilal]

Oh, I thought he was already facing charges before.

[Shoddy]

I know, but that's why. That's why he said it, because he got off. So he's like, look, if we can't let the Dems win, like, if they take the House, if they do this. That's why he's like, no, like, if they win, we're going to jail.

[Ian Dunlap]

You know what one of Steve Bannon's biggest investments was in history?

[Shoddy]

What?

[Ian Dunlap]

The TV show. Seinfeld.

[Rashad Bilal]

Royalties on it. Syndication is crazy.

[Ian Dunlap]

Just read the most fascinating thing or Just go down the rabbit hole in a bunch of different. You'll see cross pollination of audiences.

[Rashad Bilal]

The cross pollination. That show ended in 97 and it made I think an average of $70 million a year for 20 years. 30 years.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Ridiculous.

[Shoddy]

Jerry Seinfeld.

[Rashad Bilal]

Yeah, he was the highest paid. His show had been off for 20 years and he was the highest paid person on TV.

[Shoddy]

Was he dating his daughter?

[Rashad Bilal]

No, no, no, no, no, no, no, no.

[Ian Dunlap]

We can't put that on this.

[Rashad Bilal]

Jackson would not have not. Yeah, that's. That's too small. Yeah, that was Woody.

[Shoddy]

He did something. Steinfeld did something.

[Ian Dunlap]

Allegedly.

[Rashad Bilal]

I don't. Yeah, I'm not sure. I'm not sure on him.

[Ian Dunlap]

Allegedly.

[Shoddy]

What's the S P500 entry level?

[Ian Dunlap]

Y' all want an entry to the Spy or. No. Put it in chat. Yes, if in chat. If not, we can skip and go to the next subject. Let me see what the response is first.

[Shoddy]

I was going.

[Rashad Bilal]

I thought you were going to say we. We don't. Told you it already.

[Ian Dunlap]

I can't be so demonstrative every time. I got to balance out the. The good cop, bad cop. My next entry I would like will be 6.58.80. If you're looking for a quicker entry and then if we get a significant pullback in a couple of months, I want to get in the 6, 20, 84. That'll probably land. Could land around the summertime. So those are the two levels I'm looking to get in for. Everyone who kept saying, I'm looking for crash, I'm looking for crap. We had one the last two months. The market pulls back every week. Look at your weekly chart for your entry. You can use the 72, 200 day, 400 days I've talked about and given away before. So if you want to be able to do it on your own. But the most important thing that you can do for your account and your portfolio, it's just to automate your investing for when the market drops 10%, 8%, 7% just to automatically invest in the market so you don't have to think about it. So this is easy. If you listen the first time from the bottom of my heart with love. Investing is easier than ever. This is. This ain't 1990s. What was gatekeeped and we didn't know what to invest in is eat, put in chat. It's easier than ever to invest. It's up to you to deploy the capital. Automate it. Automate it.

[Rashad Bilal]

Please, please.

[Shoddy]

Yes, sir. Allegedly. Okay, let's Talk about war recession risk. Is there a war recession risk?

[Ian Dunlap]

I don't think the 2027 crash is real, but I don't think this war is going to be the reason why we get pushed over the edge. A lot of people keep saying this is similar to 2008 and 29 and the circumstances are different. And then also there isn't as much Money like in 2008, there wasn't this much money automatically flowing into the market. So I don't think that the, the war alone is going to be it. There's more look, people looking to profit tier from the war and from the market being down than there ever was before. It's not going to be it. If this AI trait and that bubble pops and they begin to reveal some truth, like I'm looking at the data centers being slowed down, which they should for the environment and if we start to see some of these companies go from 55% down to 80% and then some truth starts to get revealed,

[Shoddy]

I

[Ian Dunlap]

think we can have a fragile moment where we have a real crash. But the war alone won't cause the recession. It's going to be a combination of factors or a combination of swans that hit at one time.

[Shoddy]

Yeah.

[Rashad Bilal]

You have to remember that the market is always forward thinking and forward guidance. And so the conflicts, the wars, yes, short term pain, but not sustainable throughout the history of the market. In fact, CNBC put a great article out today about the past 30 years of conflicts and what they've meant to the market. Yeah, on average, this is on average the S and P has netted a 1% return. On average 30 years of conflicts from the Gulf War, Desert Storm war, Afghanistan, Iraq, ISIS, Ukraine, now Middle East. 1% return.

[Ian Dunlap]

Yep.

[Rashad Bilal]

On average. Because the market's forward thinking.

[Ian Dunlap]

I keep telling you, like selling fear around a big collapse is to sell books and to give viewership. That's not where the real money is made. The real money is made is buying, doing those deep trenches and the times when the market is falling apart and holding for long periods of time after that, five to 10 years, that is the literal cheat code. So like even a 27 crash, it'll probably be a short lived crash. It may be six months, three and a half months if that. They're going to pump the money back into the market to rise up to valuation of these companies.

[Rashad Bilal]

What, what do you think the impact of the new Fed chair has on the, the chances of recession? I think he starts his, they start his, his interviewing process I think starts this week or next week and everybody's assuming that oh rates are going to drop. So what do you, what do you think there?

[Ian Dunlap]

If he has cojones and chutzpah to stand up towards who has appointed him, I think it won't be as bad if he doesn't. I think it's going to be a bloodbath for the time that we do hit it. But that private credit market and people keep forgetting this, I keep bringing up the private credit market. Most people don't know that the private market asset is hidden into your 401k up to 20% of your allocation depending on which 401k you in. So it can be that treasury, treasury market issues like you said Fed leader AI thing popping and that ends that cycle of spin. That's the only place where Apple may be able to benefit is just wait and see and let every asset burn down and buy it at a cheap price. But it's going to have to be three or four of these things that hit at the same time. It's not going to be number what is not going to just be one thing. There's too many levers in place by the Fed and international banks to stop these things from causing a, a global recession. Are we ripe for one yet? Even with the commercial real estate, Commercial real estate is in free fall. It hasn't like remember when Silicon Valley bank went under. There are a bunch of smaller banks that are on the brink of collapse but they're printing money into those. So and also to my last point, stop begging for people to die for you to get rich because you too fucking undisciplined to invest now. You want a collapse to happen so that the volume value of the dollar in other countries goes to half of what the notional value is so you can get 25 return, you just get the return. Now too many of you are waiting for like a end of the world scenario to take advantage of the market. When it's like you can get 25% return now in a great competition. This is not 2002, it's not 1991. This market is easy and there's more assets than ever. You don't have to be a value investor. There's a bunch of like there's probably if you want to beat the market and get 12% return, there's probably 150 companies you can easily put your money into and get 13% return. It's been a long time since that kind of market has been there. One of the best in history. Stop waiting for global collapse to invest. And the truth is, if the market goes to and 27 happens, you're not going to put 100 grand into the market. You can lie. No, you're not. No, you're not. No, you're not. It sounds good. No, you're not.

[Rashad Bilal]

It does sound good. Most people think they would and they're not going to.

[Ian Dunlap]

Y' all gonna freeze it the same way y' all do when y' all see a bad in Miami. You're not going to deploy the capital. I'm not playing with y'. All. Y'. All.

[Rashad Bilal]

Yeah, it is a unique time. Like I said, you, you round Hill and we talked about it earlier. They literally over there.

[Ian Dunlap]

Hey, Shoddy Troy, you see it? I'll see y' all do it at the Best Fest every year, same yo, when the market gonna crack the crashing while I'm on stage by now. Oh, no, no. What if it'll go up?

[Rashad Bilal]

Okay, 500 on the line.

[Ian Dunlap]

Then you'd be like, yo, I need a loan. I loaned you to my stocks to buy Respect backup media trainer.

[Rashad Bilal]

You don't want to do it. When you said there's no time like this, you're talking about Roundhouse. They literally create an ETF because they watch this memory sector go insane and said, look, we got to have in on this and created an ETF for you to now invest in like that.

[Ian Dunlap]

Hello, I gave you all the prices. Yo, I don't know about the assessment of Nvidia, okay? You deserve to be broke. This is a non compassionate side of me because when I started, you had to search high and low for this information. You get this like I'll be most fund managers and returns for free. Then you'd be like, oh, I can't Believe you charge 10,000. Stock up. I can't believe it. The show free. Listen, the first time, I don't need no brand deals. Listen, the first time when you go get a payment plan for Red Panda, I do this for free. Invest. Back to you.

[Rashad Bilal]

Freedom.

[Ian Dunlap]

I can't believe you are charged with the culture. For information you can easily find on Investopedia. Shout out to Caleb. That's my guy. Y' all ain't gonna do that.

[Rashad Bilal]

Go ahead.

[Ian Dunlap]

We're going to vest me to get it. Caleb will be on the show too soon too. Cedric Nash. We got all the heavy hitters coming. Are you going to invest though and go go in a Balenciaga or one of them stores and pay $7,000 for some garbage that cost them $7 to make. The choice is yours.

[Shoddy]

Nobody ever complains about concerts at all. Y' all paying $8,000 to see Chris Brown, $10,000 to see Jay Z.

[Rashad Bilal]

Not gonna happen.

[Shoddy]

Nobody, nobody ever complains about concert tickets. And those concert tickets are not cheap.

[Rashad Bilal]

I'm there. Everything earned though. I, I'm there. But just know I'm investing.

[Ian Dunlap]

Yep.

[Rashad Bilal]

And I'll see you there. Hopefully if you investing.

[Ian Dunlap]

Yep.

[Shoddy]

Get your tickets to invest.

[Rashad Bilal]

That's a fact. Definitely gonna see me here.

[Shoddy]

Palantir's long term outlook.

[Ian Dunlap]

I think, I think it's funny all the the Palantir Power Rangers last year who were pro Palantir all of a sudden getting concerned. My question to you is what are you so worried about? If you loved Alex Karp and a technology last year and the year before, you should still love it now. It means it tells me that you're just looking for the short term win and you may not believe in the company. And I've had my thoughts and I've expressed that I think there's certain companies I would not invest in because of moral compass and ethics. Right. But if you're looking at return basis even from let's say hypothetically if they fell back to let's say 119.38, that would be a great entry. Even if they got to the median of where they were this year of 156, 29, it's a great return. My question is, do you believe in the company? Are you just trading for short gains? This is not a trading show. You may get some trading gems here and there, put in chat. Long term is the wave. Can I tell you all a secret? I've only had conflict with people who didn't listen to the long term. The review videos came because you didn't buy the stocks because I told you to buy. Long term I don't have enough capital. Quit effing off. Your money put into the market. So if you believe in a company last year and you loved it so much and Alex Carpet. Okay, well you should still be invested into the company now and love it. But they are going through what most technology companies have gone through and software or AI adjacent companies have gone through, they have seen a reduction in the price and the rate of return that they're given. But they were at $584 in 2023. They went to 20752. What more do you want from Alex?

[Rashad Bilal]

Yeah, it's been an incredible run. Here's the issue and I think this might be. I think this will answer the next one as well, when you look at the valuation of paler, it's always been, always been lofty. It's, it's tough, it's tough to explain how it gets there or it's not there already. Right. So it almost feels like it might be price perfection. When it had that run, it was okay, well you can understand, you know, the technology. You can see, understand the case use, you can understand, oh the government contracting. But I don't, I don't know man. It's pretty high valued. Even at, at 150. It's high valued. 210 was just astronomical. You knew that a pullback was coming. I'm not investing in it. I understand why people are very enthusiastic about it from a technology standpoint. It's just. I don't know, man. Shout out to Alex. But I, I'm not sold. I'm just not sold on Palantir. And I could be wrong and I'm okay with be wrong with this one.

[Ian Dunlap]

I'm not a big PE ratio guy. But the PE ratio of Palantir is 212x to 231. In comparison, Tesla's 250. 283 to 3:11. That should tell you something as well. But if you were pro killing innocent people last year, be pro innocent killing people now because your portfolio being killed.

[Rashad Bilal]

Yeah. Well you got your computer there. Pull up, pull up a comparable in that sector. Right. Like RTX or something like that. Right. It's just so there's a drastic difference in the valuation of these companies that are in the same sector.

[Ian Dunlap]

34, 39X. Give me one second.

[Rashad Bilal]

Yeah, I don't touch it. I don't touch it. If you made money off that trade, great. If you're a long term investor, I guess you, you can hold it. I'm just not sold on Palantir for a number of reasons.

[Ian Dunlap]

But do what you want. At some point you gotta have a compass. 4p for Raytheon is 28x. Palantir is 116x. Current PE ratio for Raytheon is 39x. Palantir is 231. You're paying for a multiple because of the tech and also stock club. Y' all know I've been saying this and the road to one, this is Apple versus Anthropic all over again. Anderil's the one on the way. Hello. So, but what do we know, Rashad? What you think you, you cooking up here, what you got in your brain? You got a money making scheme in your brain? And when y' all do the reboot of Power, NAS and az, I need to be on episode please.

[Shoddy]

So.

[Rashad Bilal]

So you noticed

[Ian Dunlap]

real quick.

[Rashad Bilal]

One day we'll tell the story.

[Shoddy]

How you feel about well, what's a popular stock trap?

[Ian Dunlap]

I think we just had a great illustration or example of it is investing in companies that you're only focused on the short term gain of them and not the long term ramifications of what they can have and the viability of the long term. Regardless of like whatever companies I've talked about, when I go to bed I know I don't have to check them for two years. I don't have to worry about Stryker, Lily, Nvidia, amd, Amgen, Microsoft. So if I go to Lake Como and my laptop get dropped in the water because the driver a little bit erratic, I don't have to check Charles swap endlessly to see how the performance is. So I think and now of course because of the crash that's coming there, I keep saying there's a lot of companies that are publicly traded now that are going to get you your returns in one year, but they're going to average out to be 12 to 20%. You may just have gotten 100 in a year to make you hold it for five years. It's going to average out to be the same thing. But everyone could and these are lessons that you had to learn the hard way. I just don't want you to learn them the hard way because I want you guys to be able to multiply your wealth and get rich a lot faster. But focusing too much on hype versus the company. Like even if you look now like remember when we started the show if we got 20%, you're a rock star now it seems as if people feel as if you're getting, if you're getting 50% return in a year, you failed. How, how

[Rashad Bilal]

you two years away from a double.

[Shoddy]

Also just investing like you said, investing in stocks. This happen in stocks that you don't even know or investment that you don't even know anything about. Like that was the XRP craze. Like I knew that it was crazy. I seen a bartender salute to all the bottle service girls. You guys make the world go round. But I seen a, when I seen a bartender post xrp, that's when I knew that it was going to fall apart and shortly after it did. So when you just invested in things because you just hear about it on social media and you haven't, you don't even know exactly what it actually Is it's just like board ape. The board ape. Yeah. Childhood.

[Ian Dunlap]

Yeah.

[Shoddy]

Justin Bieber and them. But I don't think they fully understood what they was doing. It was just so popular. Everybody was doing it and it was like, I gotta, I gotta get in on this. And then shortly after that, it usually falls apart.

[Ian Dunlap]

And then y' all say, I'm crazy for a fall apart. No, you don't know. I'm like, maybe I do. I proved enough. And it's like, if you don't know the CEO, the, the founder, what the baseline profit margin is, what the mission of the company is, and most importantly, do you buy the product? A lot of people are investing in things and it's like you don't believe in a product because you don't use it. I know the quality of Google because I'm on YouTube every day and the suite of products that I've been using with them since 2011. That's why I kept saying, Google has executed perfectly what I wish Apple would have done. I did the calculation. If Apple would have been able to invest in open AI, have some of this AI stuff, they would be worth probably $8.9 trillion right now. Google smoking on the Apple pack in terms of innovation, almost flawlessly.

[Rashad Bilal]

Microsoft was at, I mean, for the most part, the history of our show. Those have been a number one and two in terms of market cap until Nvidia came through and knocked it out. And then Google came up there and now Apple's back at number two, but they got 49 of open AI. Yeah, they did it right. We're talking about those treasure chests, that 152 billion that they had in operating cash flow that has dwindled down a little bit here. Well, you know why? Microsoft has. They've talked about Capex spending. Apple's up to bat. But I think that the, the idea of at least knowing what the company does should be bare minimum.

[Ian Dunlap]

You have to. Bare minimum.

[Rashad Bilal]

There's people who are investing in companies and have no idea what the company does. Let it forget the who the CEO is. At least what the company does. They just saw that the stock went up and it's like, okay, well I can catch this thing. Maybe I can get 10% on this. Maybe I get 20, I get an option call, I may get 100%. No clue what the company does. Forget fundamentals, technicals, just saying, okay, well I saw it. It went up 10%, maybe go up 10% tomorrow.

[Ian Dunlap]

And everybody, at least, no. And everybody in real estate, you know, Lowe's, you know lows. Don't let them box you out of certain returns. Because even with that, let's take the money that you get from the stock market long term and invest into more properties if you want to do it. But also too, I'm seeing a lot of people who were heavy in the real estate. They see that the gains are better in stocks. It's not once again to do either or, it's to do both.

[Rashad Bilal]

Let's do both.

[Ian Dunlap]

Buffett has not got rid of autumn properties that he's chairman over at Berkshire.

[Shoddy]

So what's the million dollar investment portfolio?

[Ian Dunlap]

You tell me. Nah, I'm gonna do how you did me earlier. Pause. No, you tell me. No, no, no, no, no, no, no. Give me the real answer.

[Shoddy]

Strictly equities.

[Ian Dunlap]

Yep. Oh, no, no. Nope. It doesn't have to be. Let's do 25% equities. What's the other 75%?

[Shoddy]

Only 25%. Well, first, I would definitely advise if you have a. All right, let's say you get a life insurance policy, somebody or hit the lottery or whatever, you. And you just have a million dollars liquid. All right. Pay off debt for sure. Assuming that you have no debt and you get to actually invest a million dollars. Right. I definitely think that you should have at least half in equities. At least half. $500,000 for sure. 10% big, 10% long term. Long term, yeah. Gotcha temper. 10% big 10% Bitcoin index fund, for sure. S&P 500. I'm a big proponent of QQQ. You got a lot of great individual stocks. If you want to have some, some risk, well, this Microsoft, Apple, Nvidia, TSM, those come to mind. Top of mind, top 10 companies, something like that. I think the other 500,000, you got to put $100,000 away for emergencies. Anything can happen. Maybe 50,000. If you want to be a little bit more aggressive real estate, you should be able to buy some level of property. With $500,000 in most parts of America should be more than, more than enough for a substantial down payment, whether that's, you know, a condo. But multifamily investing, something that we championed early on, shout out to MG the mortgage guy talked about that early. As far as having that cash flow, that's important, especially, especially if your income is not. Sometimes you can get a lump sum of money, but you're not making a lot of money per se, so you want to keep your income down. So multifamily real estate is a great way because most of the Time your number one expense is your housing. So with the multifamily strategy, you actually solve that because not only do you not have any expenses because you're getting rent, if done correctly, you can actually have a surplus where you're actually making money while still living in the property as well. So you kind of kill two birds with one stone in regards to that. And I would, I. After that, after that, after that. You know, I was watching up the podcast clip with TD Jakes and, and that's my brother, what's his name? Oh damn. Mr. Bro. He was actually with. Oh man, what is.

[Ian Dunlap]

I wish, I wish I knew he was talking about.

[Shoddy]

He was, he used to be with. What's the guy that always talks about paying off debt?

[Ian Dunlap]

Anthony o'. Neill.

[Shoddy]

Anthony o'. Neill.

[Rashad Bilal]

Oh okay.

[Shoddy]

He used to be with Dave Ramsey. Shout out to Anthony o'. Neill. That's my brother. Anthony o' Neill was saying that you should, you should only buy a car if you could pay it off in cash. And I don't necessarily subscribe to that ideology. I don't, I don't subscribe to the ideology but it is good in that type of situation. In that type of situation where you do have a lump sum because most people, the reason why I don't subscribe to that is most people don't have enough money to buy off a car. So it goes back to the paying off the loan or actually investing. Right. Where you, if you got $50,000 to your name, yeah, you can spend that on paying off a car, but now you got no money to invest. Me personally, I would rather just lease a car for 800amonth and then put that other money to work in the market. But if you have a lump sum, there might be something that you need to think about because that's another expense as far as. So yeah, that would, that would, that would be just some, some things that come to the top of my mind and that's not including any family as far as like putting money aside for your kids college or life insurance. This is just purely just you like if you're just single yourself that would be you got your housing taken care of, you got your long term investment and you got a car that's paid off, you got no debt. I think that's a recipe for success.

[Ian Dunlap]

Do you know if they got their first Megan, what they should do? Go to Ian invest.com and if you want to know two years ahead of time what is going to emerge in the market because no one actually knows when Tim Cook's going to retire. But I told you three years ago, or all these geopolitical issues or where stocks are going to fall 30 to 40%. And if you want to know exactly and precisely where to get in so you can be wealthy and free like me, go to ianvest.com, join the Red Panda stock club, and then put yes in chat. If I've made you money, shout out

[Rashad Bilal]

to everybody that's made money. I'm watching this show for sure.

[Ian Dunlap]

Easy, easy.

[Rashad Bilal]

I don't. We don't met too many people that started with zero. I'm up a hundred thousand.

[Ian Dunlap]

1.52 million.

[Rashad Bilal]

3. I'm up a million. Like, I mean, that's the everyday person that is a teacher that is in sanitation that's making that type of money. There's no. I mean, if everybody else is doing that, I'm doing that. It's not even a question. I'm doing it.

[Ian Dunlap]

When we end the show for good, are we gonna do a retirement tour or we gonna do how I want to do it and just be abrupt as hell? 1 my A. It's the last one. I love y'.

[Shoddy]

All.

[Ian Dunlap]

Thank y' all for coming out. Love y'. All.

[Rashad Bilal]

Y' all join us tonight. Last one.

[Ian Dunlap]

Love so much.

[Rashad Bilal]

I love you all.

[Ian Dunlap]

Which one?

[Rashad Bilal]

Go out like Brian. No, no victory to it.

[Ian Dunlap]

Red pant. I'm never leaving you. But listen, I'm feeling like Iceman, you may need to freeze the market up and see what the. Because I know what the GDP of me is. Let's just take a little break.

[Rashad Bilal]

Iceman on the way. Be careful.

[Shoddy]

On the way.

[Ian Dunlap]

Shout out to the boy, yo, I

[Rashad Bilal]

spent on the way, yo.

[Shoddy]

Iceman on the way, man.

[Rashad Bilal]

Yo, the six, we back. Iceman on the way, man.

[Shoddy]

Tap in. We got Jada. Tomorrow you are Eyl University.

[Rashad Bilal]

Thursday, Thursday, Thursday, Thursday.

[Shoddy]

Thursday we got Jada. We got Blackout on Wednesday. 9 o'. Clock. EYL University. I got a financial planning call, I think.

[Rashad Bilal]

Yeah, Friday. Friday. Yep.

[Shoddy]

Friday I got a financial planning call and shout out to Ey University. Like I said, man, the numbers speak for themselves. The amount of people that put a green jacket screenshots. This isn't no, I ain't even gonna say that. Shout out to her, man.

[Rashad Bilal]

Nah, nah, can't do that, man. Let's keep the main thing. The main thing. Shout out to everybody. I got the green jacket. Well deserved, well earned. And I'm sure there's plenty others of you that have not put the screenshot up yet, but send it so we can acknowledge you. And please, please just know. Stay tuned. We got something for y'.

[Shoddy]

All.

[Rashad Bilal]

Stay tuned.

[Shoddy]

What? The proof is it? The proof is in the screenshot.

[Rashad Bilal]

Hey, shout out to everybody that was in amd. Hit an all time high. I text, shout out. Somebody check on Dave Chance, man. Shout. A portfolio's doing, man.

[Ian Dunlap]

Shout out to y' all who try and rewrite history. Like, I say that on the first episode of Market Mondays, too. I see you clip that, my boy.

[Rashad Bilal]

Y' all was fighting me, though. Don't. Y' all was fighting me. Yeah, but that's what I think. That's the best part. Because even if we don't agree, somebody's gonna take something from it and say, you know what? I like that viewpoint. Oh, that perspective was good. But at the end of the day, did you invest? Yeah.

[Ian Dunlap]

Invest. Yeah. It'll be too much chatter back and forth until we get to that network of conversation.

[Shoddy]

Yeah. Jada Waiter. Jada Waiter.

[Rashad Bilal]

That's prudent mom. She said my kids invested in amd.

[Shoddy]

Jada Waiter.

[Rashad Bilal]

Prudent mom. Been a day one. She been here since day one. Shout out to you.

[Ian Dunlap]

Okay, we was just talking about direction of what Lisa should do, but y' all gonna query writing history at least.

[Rashad Bilal]

She's doing an incredible job. Shout out to everybody that's in amd. Shout out to everybody that's in Broadcom. Shout out to everybody that's in Caterpillar. GE Venova reports tomorrow. Looking forward to that. Yeah. It's a big week. It's a big week. Did you see those? The numbers on Tesla?

[Ian Dunlap]

I definitely did.

[Rashad Bilal]

So they were saying about 33% of the cars that were purchased were actually bought by Elon for robotics. I mean, for the robo taxi. So if you take those numbers out of the actual. I mean, well.

[Ian Dunlap]

Well, if. Technically, I keep telling y', all, there's three. Talk about black swans. There are three or four Ponzi that will be revealed. But if the companies are. Are exchanging assets to create the valuation, by the time the valuation is there, it's too late. Rockefeller did this. If you study history, Rockefeller had a number of entities, one being the American education system, that he enter traded assets amongst the companies to create an empire. Yeah, and it's not sass in the comments, it's intelligence. It would behoove you to, you know, just ascertain some of the things I'm putting down so I can make you friendly. You off there. I appreciate you so much.

[Rashad Bilal]

Pick up what I'm putting down. Can you. Can you please give Us the word of the day again for those who

[Ian Dunlap]

are joining a little late chimera. I like the kind definition, not the, you know, the evil version of it, but it's a being a combination of many things.

[Rashad Bilal]

Oh, man.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

All right, Zay. Happy birthday to Zayd Child. To Zay. It's her birthday today. 420. Shout out to all my 420 people who are enjoying this in a different spirit right now. And hopefully you've taken your notes with diligence, but I feel you. Shout out to 420.

[Shoddy]

Yes, sir. All right. Yeah. Make sure y' all tap in. We got Blackout on Wednesday. We got EYL on Thursday. I got my financial planning call for EY University on Friday. We got Nvidia on Wednesday. It's a pretty jam packed week.

[Rashad Bilal]

So they said the boss man's in town.

[Shoddy]

Who, Jensen?

[Rashad Bilal]

Yeah, he's in town. Set it up like the leather jacket memorials.

[Shoddy]

You never know.

[Rashad Bilal]

Yeah. Who knows?

[Ian Dunlap]

And one day we got to talk about some of these answers my guy's given. Yeah, once again.

[Rashad Bilal]

Yeah, we should. We should talk about that. That interview was very telling about where we're headed.

[Ian Dunlap]

I won't talk about it this year, but 29 or something like that. No. And to the person that comments. No, I'm. It's not a hit dog hollering. I just like to engage with the audience and then play good cop, bad cop. If you see top of the show, like, or like last week, Rashad was bad cop. Ooh, Shook Shotty. And he's nice this week. And then I was nice last week. And I'm an this week. Ebbs and flows of the market, media training. Back to you, George Cross. Pollination of audiences, though. Key business lesson I learned. Pollination of audiences.

[Rashad Bilal]

Hey, there's a business and there's money being made everywhere. So we gotta sure, you know, you know, y' all be good, y' all be blessed. Reach out, text somebody, check on your loved ones. Pray for everybody's health and. And success and wealth, man. It's been real. We'll catch y' all on Wednesday. Love is love.

[Ian Dunlap]

Y' all want to tell you the next CEO who gonna get fired or. No, save it for next week. Gotcha. Thank y' all for coming out. God bless. Good night. Peace, love.

[Shoddy]

When I found out I was going

[Ian Dunlap]

to be a parent, I immediately felt

[Rashad Bilal]

a lot of anxiety and worry.

[Ian Dunlap]

So I went on to BetterHelp to

[Rashad Bilal]

try to look for a therapist to help me with that, my relationship with my family and with my boyfriend.

[Ian Dunlap]

And with myself were suffering.

[Rashad Bilal]

I really needed help. I was ruminating a lot.

[Ian Dunlap]

Really getting those thoughts out to a

[Rashad Bilal]

therapist and getting feedback was just life changing.

[Ian Dunlap]

Discover what BetterHelp online therapy can do for you. Visit betterhelp.com today.

[Rashad Bilal]

Ryan Reynolds here from Mint Mobile. I don't know if you knew this, but anyone can get the same premium wireless for 15amonth plan that I've been enjoying. It's not just for celebrities. So do like I did and have one of your assistant's assistants switch you to Mint Mobile today. I'm told it's super easy to [e-mail] Switch upfront payment of $45 for 3 month plan equivalent to $15 per month required intro rate first 3 months only, then full price plan options available, taxes and fees, extra feeful [e-mail].