MM #250: Market Crash: Is a Recession Coming? Stocks to Buy Now, Bitcoin Updates & Trump's Economic Troubles

Summary

Market Mondays Episode #250 Summary: Market Crash Concerns, Key Stock Picks, Bitcoin Insights & Trump's Economic Impact

On the 250th episode of Market Mondays, hosted by the EYL Network, Ian Dunlap, Rashad Bilal, and Troy Millings delve deep into the current economic climate, exploring whether a recession is imminent, identifying strategic stocks to invest in, providing updates on Bitcoin, and analyzing the economic ramifications of former President Trump's policies. Below is a comprehensive summary capturing all the key discussions, insights, and conclusions from the episode.

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1. Market Outlook: Is a Recession Coming?

The episode opens with a candid discussion about the potential for an upcoming recession. The hosts analyze various economic indicators, noting signs that traditionally signal economic downturns.

• Notable Quote:

  • Ian Dunlap [07:41]: "If you have to hedge the position, you shouldn't be in the stock anyway."

• Rashad Bilal [09:27]: "Price is what you pay, value is what you get."

Key Points:

• Analysis of market indicators such as the NASDAQ, Dow Jones, and S&P 500.
• Emphasis on selective strength within certain market sectors despite overall uncertainty.
• Discussion on historical patterns where market pullbacks often precede wealth creation opportunities.

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2. Stocks to Buy Now: Strategic Entry Points

The conversation transitions to identifying lucrative stocks poised for growth even amidst market volatility. The hosts emphasize the importance of technical analysis and disciplined investment strategies.

• Notable Quote:
  • Ian Dunlap [25:39]: "If you think that you're going to be able to get away from technology stocks when it's the only thing really driving GDP, you're poorly mistaken."

Key Points:

• Focus on technology giants like AMD and Nvidia as prime investment targets.
• Utilization of tools such as Exponential Moving Averages (EMAs) and Fibonacci retracements to determine optimal buying prices.
• Advocacy for hyper-concentration in high-potential stocks over diversified portfolios to maximize returns.

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3. Bitcoin Updates: Current Trends and Predictions

Bitcoin remains a focal point, with discussions centered around its market performance, governmental influence, and future prospects.

• Notable Quote:
  • Troy Millings [53:32]: "If you really believe that crypto, bitcoin specifically is going to go up over the course of time, why would you not buy it?"

Key Points:

• Analysis of recent governmental statements and their impact on Bitcoin's value.
• Insights into Michael Saylor’s and MicroStrategy’s Bitcoin investment strategies.
• Long-term bullish outlook on Bitcoin despite short-term volatility, positioning it as a staple in diversified investment portfolios.

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4. Trump's Economic Troubles: Policy Shifts Affecting Markets

The hosts critically assess former President Trump's evolving economic policies and rhetoric, drawing connections to current market instability.

• Notable Quote:
  • Troy Millings [14:18]: "When the President of the United States is pretty much already trying to discard the stock market and try to say like, don't worry about that, we don't care about that, it’s going to be for the globalists."

Key Points:

• Examination of Trump's shift from a pro-stock market stance to downplaying its significance.
• Implications of these policy changes on market confidence and potential recession triggers.
• Discussion on the interplay between job creation policies and stock market performance.

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5. Investment Strategies: Expert Advice and Techniques

A substantial portion of the episode is dedicated to effective investment methodologies, emphasizing the importance of discipline, strategic planning, and understanding market rhythms.

• Notable Quote:
  • Ian Dunlap [65:11]: "The real value is to buy at a deep discount and then concentrate."

Key Points:

• Importance of setting predefined entry and exit points to manage investment risks.
• Strategies for maintaining liquidity and establishing clear exit thresholds.
• Advocating for long-term investment plans over reactive trading based on market fluctuations.

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6. Listener Q&A: Navigating Uncertain Markets

Engaging with the audience, the hosts address questions about options trading, liquidity management, and strategies to safeguard investments during turbulent times.

• Notable Quote:
  • Rashad Bilal [46:49]: "I think you gotta have liquidity."

Key Points:

• Recommendations for maintaining liquidity and having clear exit strategies in place.
• Advice against panic-selling and the importance of sticking to long-term investment plans.
• Emphasis on disciplined trading and avoiding impulsive decisions based on temporary market sentiments.

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7. Announcements and Promotions: Upcoming Content and Offers

The episode wraps up with several announcements and promotional segments highlighting upcoming content, educational resources, and special offers for listeners.

• Key Announcements:
  • "Blackout" Episode: Featuring Reverend Philip Anthony Michael discussing non-traditional investment perspectives ([03:05]).
  • "How to Make Your Child a Millionaire" Series: Scheduled for Thursday at 9:00 Eastern, focusing on financial planning and generational wealth strategies ([04:30]).
  • 48-Hour Stock Club Sale: Exclusive access to Stock Club and Sniper services, offering strategic investment entry points available at ianinvest.com ([30:45]).

Notable Quote:

• Ian Dunlap [30:45]: "If you really love trading, you have to stop talking about it because then you give too many entries into your ecosystem to give your strategy away."

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8. Closing Remarks: Focus and Community Building

In their closing statements, the hosts stress the importance of staying focused on strategic investing, utilizing available resources, and fostering a community of informed investors.

• Key Points:
  • Encouragement to invest in their book, "You Deserve to Be Rich," which provides comprehensive guidance on personal finance.
  • Advocacy for consistent learning and application of investment strategies shared throughout the show.
  • Reminders to avoid distractions and remain disciplined in pursuing financial growth and stability.

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Conclusion

Episode #250 of Market Mondays offers a thorough examination of the current economic landscape, blending technical investment strategies with macroeconomic insights. The hosts provide actionable advice on navigating potential recessions, identifying promising stocks, and capitalizing on Bitcoin's long-term potential. Additionally, they critically assess the impact of Trump's economic policies on market stability. With a balanced mix of expert analysis, listener engagement, and promotional content, this episode serves as a valuable resource for both seasoned investors and those new to the market.

For more detailed strategies and investment opportunities, listeners are encouraged to join the Stock Club or explore their educational materials at ianinvest.com.

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Notable Quotes Recap:

• Ian Dunlap [07:41]: "If you have to hedge the position, you shouldn't be in the stock anyway."
• Rashad Bilal [09:27]: "Price is what you pay, value is what you get."
• Troy Millings [14:18]: "When the President of the United States is pretty much already trying to discard the stock market..."
• Ian Dunlap [25:39]: "If you think that you're going to be able to get away from technology stocks..."
• Troy Millings [53:32]: "If you really believe that crypto, bitcoin specifically is going to go up over the course of time, why would you not buy it?"
• Ian Dunlap [30:45]: "If you really love trading, you have to stop talking about it..."

Transcript

[Ian Dunlap]

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[Rashad Bilal]

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[Troy Millings]

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[Ian Dunlap]

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[Rashad Bilal]

Yeah. Happy Monday.

[Troy Millings]

Yes, sir.

[Rashad Bilal]

Happy Monday.

[Ian Dunlap]

We're back.

[Rashad Bilal]

Everybody take a deep breath. Everybody breathe. It's okay.

[Ian Dunlap]

I know the wind got knocked out of some of y'all, but it's gonna be okay.

[Rashad Bilal]

Seatbelts is on. That's why they were made.

[Ian Dunlap]

Told ya.

[Troy Millings]

What's the deal? It's a lot. It's a lot going on right now, man. We're gonna get to it. I know a lot of people, you know, know a little anxious about the situation right now. Well, first and foremost, shout out to Virginia.

[Rashad Bilal]

Yeah. What up?

[Troy Millings]

Hampton Roads. We was out in Hampton this weekend.

[Ian Dunlap]

I made a movie.

[Troy Millings]

Shout out to my guy, Ray.

[Rashad Bilal]

Yeah.

[Troy Millings]

Shout out to everybody out there, man. Great, great event, great energy, and, man, Virginia shows so much love. Shout out to VA Shout out to everybody that came Virginia Beach. They came from Virginia Beach. They came from Norfolk, Newport News from Newport. They came from Hampton.

[Rashad Bilal]

So some Richmond folk was in the building.

[Troy Millings]

VA yeah.

[Rashad Bilal]

Shout out to the whole FMU organization. It's a dope story. Like, they. They came to invest for us. They were like, wait, we should bring something like this back to where we at. And they executed, man. It was. It was well put together, well run. So kudos to them.

[Troy Millings]

Two up, two down. Shout out to all the Virginia legends out there. It's a lot of. A lot of Virginia legends. We got Teddy Riley back in the day.

[Ian Dunlap]

Whoa, whoa, whoa, whoa, whoa.

[Rashad Bilal]

Teddy Riley is 100 from Harlem.

[Troy Millings]

What was the other one?

[Rashad Bilal]

We're not taking Teddy.

[Troy Millings]

We'll just shake it in my boom boom.

[Rashad Bilal]

Well, he did that. Yeah, he produced that. But he definitely from Harlem.

[Troy Millings]

You got Pharrell Williams for sure. Alan Iveson, Mike Vick, Chris Brown.

[Rashad Bilal]

Chris Brown is CB now. You're a little north of that area. But we're going the whole state. We talking about the state.

[Ian Dunlap]

Yeah.

[Troy Millings]

Yeah.

[Rashad Bilal]

Trace songs, Push A T Legendary.

[Ian Dunlap]

Coming out soon.

[Rashad Bilal]

Yeah. New project on the way.

[Troy Millings]

Shout out to you. All right, so this week, Blackout. Something that we've never done before. We've never talked to any clergy member. So we do have a Reverend Philip Anthony Michael, 2218 9, 2819 church. So he's been going viral. He actually came to invest this. One of Matt's best friends. Yeah, Best fest three years ago. And at that time I think he was just kind of getting started and man, he's kind of. He's. He's going crazy on social media. He has like 800, 000 followers. And you've probably seen his, his clips because he's the guy. He wears hoodies. His church looks like a warehouse.

[Ian Dunlap]

Yeah.

[Troy Millings]

Very non traditional. So we gonna have a conversation, man. It's Blackout. So we gotta ask some Blackout questions. But we will keep it respectful.

[Ian Dunlap]

Yeah, yeah, it's very respectful, but we.

[Troy Millings]

Have to ask some questions in the.

[Rashad Bilal]

Name of the Lord.

[Ian Dunlap]

We got out of trouble.

[Rashad Bilal]

I will not be pressing the mute button.

[Troy Millings]

So that's gonna be a good one. Check that out. That's gonna be a real good one actually. Check that out. 10o Wednesday and then Thursday we back with our how to series. 9:00, how to make your child a millionaire. We're gonna be going over the different steps to actually make your child a millionaire. So we will be going over a variety of different financial planning tools and strategies that you can utilize right now.

[Ian Dunlap]

Yeah.

[Troy Millings]

To create generational wealth. A lot of time we always talk about generational wealth, but you know, it's like a catchphrase. But you know, we're going to show you some blueprints to actually get it done. So this, that's Thursday at 9:00 Eastern.

[Ian Dunlap]

Gonna be a good one.

[Troy Millings]

Standard time.

[Rashad Bilal]

Yeah. All right. Make the possible real. Make the possible real.

[Troy Millings]

Ian, any announcements?

[Ian Dunlap]

Yeah. Stock club will be this Friday at 3pm Central. Xander's on spring break, so no stock club call today, Friday, 3pm Central. And stock club prices will be out tonight. If I've made you money, please put yes in chat.

[Rashad Bilal]

And.

[Ian Dunlap]

And if you listened in stock club, you knew a Month ago, we would be here today. Shout out to those you who listen and shout out to those you who still. Shout out to my guy who made 80 grand trading last Friday. Proud of you.

[Rashad Bilal]

That's a hell of a day.

[Ian Dunlap]

Yeah. Not a bad Friday, though. Date night was flick boy took off right to the Bahamas. I saw you. Yep.

[Rashad Bilal]

Yeah, man. Shout out. Huge. Shout out to the town of Greenberg. Shout out to the town of Greenberg. Shout out to Woodlands High school. Oh, high school. They won their sectional game.

[Ian Dunlap]

High school looks like a college arena. Led lights up. I said, damn, where y'all at?

[Troy Millings]

Overtime.

[Rashad Bilal]

That was where they played a championship. That's not the high school.

[Troy Millings]

That's the arena where they play the champion.

[Rashad Bilal]

But that'd be the goal. Like, you got to get to that. And then they've done it one back to back year. So shout out to them and shout out to new show, man. Shout out to my. My guys. In newer show, I watched some of my fifth graders now, seniors in high school winning the chip yesterday too. So. Yeah, I wore my trinity shirt today. Shout out to. To new ro on.

[Ian Dunlap]

On.

[Rashad Bilal]

Yeah, man. A lot of champions happening in. In the. In the circumference, so.

[Troy Millings]

Oh.

[Ian Dunlap]

Shout out to e centric for winning sectionals. I see y hometown. There you go. Yeah.

[Troy Millings]

Yeah.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

All right, folks. You know how this works. You know how this works. This is the story of a champion. 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. I know how this works. Do the research. Share the research. When it's great, give credit to the person you found it from. Let's build our accounts. Let's build community. Love is love. We got a big announcement next week. We got a big announcement next week.

[Ian Dunlap]

Do we?

[Rashad Bilal]

Yeah.

[Ian Dunlap]

Okay. Yeah.

[Rashad Bilal]

Yeah. Yeah.

[Ian Dunlap]

Meme quantum. Yay.

[Rashad Bilal]

Just when you thought, all right, all right.

[Troy Millings]

Let's get into it. So I know everybody wants to hear about, you know, depending recession and stock market crash, but let's.

[Ian Dunlap]

Let's.

[Troy Millings]

Let's let the beat build a little bit before we actually get into that. So, okay, what's one investing quote that's completely rewired your brain and changed how you. How you play the market?

[Ian Dunlap]

Oh, this is one of My favorites. Great question. I appreciate you From Stanley Druckenmiller. If you have to hedge the position, you shouldn't be in the stock anyway. I'm paraphrasing. A lot of times we talk about hedging our portfolio, but a lot of times the hedges to be in the right company at the right time. Sam Albin, you better go fix your relationship because for the record, you have an IPO'd yet. Remember what I told you guys? Chat to all the right wing MAGA Republicans. Remember when I told you that salute and putting those cars on discount and moving away from a luxury company was a mistake. The stock is down 40%. That's a super bear Kodiak.

[Rashad Bilal]

In three months.

[Ian Dunlap]

Not good. So I know Druckenmiller doesn't get the credit and that Soros trade where he had the short of a decade, that was actually Druckenmiller's idea and trade. But the truth is the ultimate hedge is to be in the companies that matter the most and to buy them at the right price. So that's my quote. That's changed the way that I looked at even today with the market pulling back the way that it has. And as much as I don't like some moves that Apple has made, I'm not worried about Apple long term. Definitely not worried about Microsoft long term. It's a good feeling to be in companies that are doing incredibly well. But for you guys, is there a quote that resonates with you that's changed the way you see or look at the market?

[Rashad Bilal]

Yeah, I got one. And it, it kind of feels very similar or the premise at least to your drunken Miller quote. And this is, it's from Buffett and he says price is what you pay, value is what you get.

[Ian Dunlap]

Big facts.

[Rashad Bilal]

Right. So, and we've been stressing this, right, not to pay at the highs. And today and this week or the past couple weeks is a prime example of why we don't do that. Yeah. Because you'll see pullbacks. And I know if we look at the major indices, yes, the NASDAQ has pulled back and there's a correction territory, but the Dow hasn't.

[Ian Dunlap]

Yeah, right.

[Rashad Bilal]

If you look at it from a.

[Troy Millings]

Year to date, that was not an indicator though.

[Rashad Bilal]

No, I'm not finished yet. But the S P hasn't it either. Right. Like it's down, I think 4% on a year. Right. When we get in correction territory, we're talking over 10, which is what the NASDAQ has just hit recently. And so price is Important, Yes. But you're the value of what you're getting is in the companies and when you're getting them right. So that you got to understand that having things at all time high is not the best time to buy. This is the prime real estate here. This is where wealth is built. Right. When companies that pull back. We talked about Tesla. Right. 40 pullback. We've seen Nvidia got down to 106. This is when we're talking about prime levels. We're looking at EMAs and we looked at the S P shout out to everybody that was in, in the class on Thursday. We looked the S p hit his 200 day moving average. We watched the Dow, the Nasdaq go under is 200 day moving average. This is the time we start seeing volume. We're looking at indicators, we're looking at rsi, we're watching the vix, all these indicators that we're watching. This is starting to get to a prime level where wealth is about to be created because people are going to buy at a low. And again, yeah, there is recession fears and there's talks of it. But 12 months from now, six months, eight months from now, when you look at your account.

[Ian Dunlap]

Yep.

[Rashad Bilal]

What positions did you take in these times? Because that will determine how your brokerage account is going to look not just this year but next year as well.

[Troy Millings]

Yeah. Another Warren Buffett quote. Be greedy, be careful when everybody's greedy. Be greedy when everybody's fearful. We'll talk about that. But I do want to talk about this because it's important. The S P is not a good indicator and the Dow Jones is not a good indicator but the Nasdaq is a good indicator. And the reason being is that we know that what goes up the highest comes down the hardest. And the market has been driven top heavy by tech stocks for over five years now. So we talk about this all the time. There's 500 companies in S P.500, but there's only 15 good ones and 90 of them are tech companies. So we even got to look at the different. I think it's important to actually have different ways that we actually are using indicators for the market. Stock market's in trouble like so just because the S P M, is it.

[Ian Dunlap]

In trouble or is it where it should be not to cut you off in trouble?

[Troy Millings]

And I think that the thing even with Trump, we're going to talk about this later on but when Trump is changing course, that's a clear indicator. Right. Like he's, he came in his first Presidency and he was heavy on the stock market. Now he's saying that stock market is not a big deal and he's not worried about the stock market. Well, that lets you know that, that lets you know a storm. That lets you know you prepare for a storm. When you start to change course and change rhetoric, your forecasts are not good. Right. So I do think that the stock market is in trouble for sure because I think that there's still a lot more to go and the, the historic actions that he's taking is only going to lead to more pain. It could be, it could be short term pain or it could be long term pain, but it's going to lead to more pain. So I think that now he's changing his message and now he's, he's, you know, he's taking a populist approach to this whole presidency. Right. Where he's saying, now he's saying that the globalists are the ones that's concerned about the stock market.

[Ian Dunlap]

He's a globalist.

[Rashad Bilal]

Right?

[Troy Millings]

Huh.

[Ian Dunlap]

Wow. He's a globalist.

[Troy Millings]

Yeah. Well, you know, he's changed his position every, every time he gets. But so now he's saying that the globalist is the ones that's concerned about the stock market. Pretty much what he's doing is playing to the base. Middle American, vast majority of people are not invested in the stock market. So stock market gains and losses doesn't directly affect them. So he's saying like, look, don't worry about that. That's for the elite, that's for the globalist. As long as we can provide more jobs in America. Right. And we can, and we can help the average everyday American, that's more important than the stock market. Which to me, as if you, in the stock market, that's not, that's not good. When the President of the United States is pretty much already trying to discard the stock market and, and trying to say like don't. We don't care about the stock market. Right. That's for globalist. And we're more focused on jobs while not creating jobs.

[Ian Dunlap]

It's crazy.

[Troy Millings]

While not creating jobs. All of that mag7 talk was all because it was a small concentrated amount of stocks that was driving the stock market. And those are technology stocks. We've seen this happen before. But when they go up and they're going to come back down. But that is a, I think that that's more of an indicator of how the stock market is actually doing. Then the, the Dow Jones for sure.

[Rashad Bilal]

That'S, that shouldn't I was like, maybe the Dallas dirty. I was going like. But I don't know you. Do you? The S P is not a good indicator.

[Troy Millings]

It's a good indicator, but it's losing relevancy. Okay, it's losing relevancy when it's so top heavy.

[Rashad Bilal]

Right, but that, but that's why. So like when they not. I mean, just to interject a little bit, right, because when I'm first hearing it I'm like, wait, hold on. But yes, what you're saying now makes, and I agree with everything you said up until that point, the way it's equally weighted, right? So like yes, it relies on, on Nvidia, which is like 7% and it relies on some of these top heavy companies, but it is divided by sectors and they're each equally weighted. So it does tell a story. Now the story has been that tech is leading. That is the story.

[Ian Dunlap]

And all this will lead in America.

[Rashad Bilal]

Exactly. Like if we look at most of the companies, 40 of them have a technology component. If not, well on, on paper, but pretty much all of them do. But there are sectors inside of it. Even when tech has pulled back, we've seen some other sectors go. Unless the, what we're seeing now, there's a glo like an overall pullback inside of the market, which is what we've seen over the past few weeks with the uncertainty. Like this is one of the things we're talking about and I think kind of what you're saying is uncertainty when we talk about callous events. Like we could talk about earnings and we can talk all these things and future guidance, but uncertainty is the, the biggest detriment and catalyst to watching downturns.

[Ian Dunlap]

Yeah, you want my thoughts?

[Rashad Bilal]

Yeah, go ahead. Then.

[Ian Dunlap]

There'S a thing called portfolio management and if we get too top heavy, they're going to rotate out the ones that are dead. Like remember what I told everyone? SMCI wasn't the new Nvidia. Like they're going to clip the ones that are not good and they'll rebalance into health care or utilities.

[Rashad Bilal]

So I stay there for two seconds. So, and that's the thing, right? Money is re being, is being rebalanced. The question is where is it going? Right. We don't have the forecast on that. Or maybe you do, but where is it going? Because usually it's like, hey, we can see it's going to healthcare. But if you look at Lily, if you look at Noral today, got hammered to their bulls, they're getting financials going down. Consumer Discretionary pulled back so it's feeling like is it. Are staples now the way to go? What.

[Troy Millings]

What.

[Ian Dunlap]

What do you say to that? Okay, I'm. I'mma get in my blackout zone. The market is going to the place it should be. So when VC ran all the. See now. Okay, China's back on your ass with manners. Have y'all seen China put out the first deployable AI agent while open AI wants to charge 20 grand a month for it. Sam Altman, go fix that relationship at Microsoft for your dreams of being a billionaire go away. While you stole that project from Elon. So while everyone is afraid, the market is resetting to where it naturally should be. We needed some of this. I told everyone I'm the one that introduced the Nvidia trade. I said the AI trade was over. Everybody like, yo, you losing your touch. Look at your account. AI trade is over. So the money's going to rotate somewhere. For those you don't know, most of the money in hedge fund close in the last week of this month. So you're going to wait to April to see where a lot of the money is starting to be deployed. And we got a conversation. Novo, even though they have the GLP1, the Ice Spice put on all that weight she lost off that Olympic, right?

[Rashad Bilal]

We gotta make good with the Bronx. Man. Don't do this.

[Ian Dunlap]

Shout the Bronx, right. Nobody should have never been in that conversation in comparison to Lily. No, not compared to Lily. New it's not time. Novo is being the new Pfizer maybe, but Lily, no. So we have to see where the the money is going to be deployed, but the money is going to stay, of course, in Microsoft, in now. The next big race is going to be who can make an affordable AI agent at scale for enterprises and consumers. And then the next race after that will be Quantum. But I'm gonna be real. If you listened, you wouldn't have any concerns in your account. I'm sorry. We do this show every week and then when things go awry, y'all come in like, yo, what's happening? We've been telling y'all all year. That's what Robert Smith and came in. They're giving y'all the scoop that they shouldn't give you. With a billionaire. What's next? They just told you last week after they was with Robert. So what do you do? Two Tattoo index. V O O V T. I. You can do qqqm. Y'all can do S C, H, D. Cool. The core, though. And like Rashad, I agree. The Max 7's over. We've been having these conversations all year, but yes, and shout. If I made you money in this era, though, I need you guys to listen faster and not have so many voices in your head. Stick with the same strategy and you'll be a. Okay, but Rochelle, I agree to your point. Like the, the market. Especially with him saying that he doesn't care about the market while being a globalist and an elitist. That's rich coming from him.

[Troy Millings]

So how do you. All right, so hit the like button.

[Rashad Bilal]

I got a rebuttal and share. I got a rebuttal.

[Troy Millings]

Rebuttal to what? What's the rebuttal?

[Rashad Bilal]

I agree with 95 of what you just said.

[Ian Dunlap]

What 5% don't you agree with? So I can rebut to that.

[Rashad Bilal]

The egg I tray is dead. Okay, I, I will say this. I'll say. Remember when it was the crypto mania and you could just put money anywhere and it was like these meme and so AI like all of these semis and there's, I mean, pick one. Yes. The, the days where you pick one and you're going to see appreciation in that because it's tied to something that might be tied. Something that's tied to Nvidia. I think that's over.

[Ian Dunlap]

I watched, look at the same point.

[Rashad Bilal]

I, I watched Broadcom report last week. Yeah, that trade isn't dead the mark. Obviously what's happening in the pullback and correction inside the nasdaq. Yes, that has hurt it. But all signs point there. It's still full steam ahead for them. Right.

[Ian Dunlap]

All four in the AI trade still matter. Nvidia, Broadcom.

[Rashad Bilal]

Who tsm.

[Ian Dunlap]

Oh, for sure. Listen, if TSM was America, I would, I would have been kill Apple.

[Rashad Bilal]

Well, they just announced. So last week they just announced another 100 billion. Yeah, right. 100 billion that's going to be spent here. And this is going to now be coming semi like American company at this point. Right. We already talked about the 67 billion that they're going to spend. They've now added another 100 billion. And so when we speak of AI here, it's usually inside those names. Yeah, there's a few others. Yes, I've spoken about Micron. We, we talked about or Del. Like.

[Ian Dunlap]

Well, let me be clear. Outside of the big four, the AI trade is over with.

[Rashad Bilal]

Okay.

[Ian Dunlap]

All that 2000% return on super micro.

[Troy Millings]

Who's the big four?

[Ian Dunlap]

Nvidia, TSM, Broadcom. I mean, I want to say AMD did, but they, they own life support. It May just be the big three.

[Rashad Bilal]

We're leaving them out. Okay.

[Ian Dunlap]

AMD?

[Rashad Bilal]

Yeah, they've dropped 60. They haven't recovered just yet. I know. You know, there's talks and we spoke to a lot of people, a lot of executives that some of these max have companies and they're all big on AMD still. They're like, yes, there's a pullback. Just wait, just be patient with it. And this is across the board. So I still like them. I'm not. I mean, obviously I have a few positions inside of amd.

[Ian Dunlap]

Yeah. But all these companies, stock club just for.

[Rashad Bilal]

Yeah, that's just from the semi side. Right. When we're talking about the AI trade. Right. Like Meta is an AI trade. Amazon is the AI trademark. Microsoft is the AI trade at this point. Right. Like they're all. So when we say that, I don't.

[Troy Millings]

Think it's an AI trade.

[Rashad Bilal]

What is it? Which one? Which one?

[Troy Millings]

AI trade is solely based on AI Meta. A component of their company, of course is AI. But that they're not.

[Rashad Bilal]

Okay, core.

[Troy Millings]

At its core, it's not built like. No, at its core, it's not a chip company or it's not a manufacturer.

[Rashad Bilal]

No, no, no, no, no. And I'm saying if we look at those companies that I just named and you. Let's use Meta. Look at that Capex. Where's the largest allocation going?

[Troy Millings]

Yeah, but I'm just asking that it went.

[Ian Dunlap]

But, but that's a chip spin though.

[Troy Millings]

But its largest allocation a couple years ago went to the Metaverse. Right. It wasn't a Metaverse company.

[Rashad Bilal]

No, no, I'm saying right now change his whole name. Exactly. Well, even that. Even, even it going to the Metaverse. Right. Which is going to require artificial intelligence.

[Troy Millings]

Yeah, but it's still not a. It's not.

[Ian Dunlap]

But you need to chips the foundation. I think we're saying the same thing, but just different types of question.

[Rashad Bilal]

Right? What is going to lead. What's going to be the catalyst for those companies in the next five to ten years?

[Ian Dunlap]

Quantum computing.

[Rashad Bilal]

Oh, no, five to ten, that's. Well, maybe five to ten. Two to five. You're right. Now you're right, you're right, you're right. Because he said 30 and we got some other.

[Ian Dunlap]

Hey, Shoddy. Oh, go ahead.

[Rashad Bilal]

Two. The next two to five years. What leads? It.

[Ian Dunlap]

The catalyst.

[Rashad Bilal]

So there you go.

[Ian Dunlap]

AI agents.

[Rashad Bilal]

So it's an AI trade.

[Troy Millings]

Yeah, I don't know if it's true.

[Ian Dunlap]

Chip forever. Eli.

[Rashad Bilal]

Surely you almost did a Usain boat right there. I saw two in.

[Troy Millings]

So okay, so speaking of AMD, you, when you, you. So you said that AMD was gonna go to 98 and it's hovering around 99 right now. You also said that Bitcoin was going to go to 72. It's hovering. It looks like it's headed in that direction for possible indicators and you know, a variety of other things. As far as like that's how you've kind of, you know, made a real name for yourself is you've been able to predict prices. Right? Like that's kind of like your, your thing like you predict prices or something. And we know that that's the most important aspect of buying. I mean of course dollar cost averaging for sure. But if you're trying to like get in, it's important to get in low, right?

[Ian Dunlap]

Yep.

[Troy Millings]

At its core, buy low, sell high, that's like the most important thing in investing. But it's difficult to know when, to actually know when something is a good time to buy or not. So just like the AMD situation. Right. Can you just kind of walk me through like how did you know AMD would go to $98?

[Ian Dunlap]

A couple of factors. So when I'm looking at a company, I'm looking at one. Are they the leader in the space for amd? No. Are we at the top of the market? So we were getting to the top of the market there. But then the EMAs that I talk about, important lesson. I want you guys to know that any EMA that is out of the box factory is not a great setting for great returns. So 72 day moving average, 420 EMA is good for very deep buys. 22 period moving average, if you want a faster EMA helps a hell of a lot. And then I've talked about it before but Fibonacci retracements, which is a mathematical calculation for the core levels that we are going to get to. So for all my traders, use trading as a way to get better entry on your long term investments. And for my long term investors, use your long lens in the market to be able to know where a market can go. So if we look before historically when AMD got to a high of 11982, from there it fell. This was in what year is this? 2021 it fell to 65 bucks. So before the 2022 crash, AMD, because it's not the strongest company in that sector, fell apart. It's a good tip. Like the fifth best company is usually going to be like the canary in a coal Mine to tell you where the market is going to go. So once we broke above there and we got to 179, it was the same double top of before. I think it got to 181 after that a couple months later and then it fell apart. Like I'm not. When I say don't buy at the highest whenever a company that is okay when it starts to get at a high, I start to get fearful and see how much will they pull back. So I'll set an alert 10 from the high, then 15 when they started to bleed from those highs I'm like they're gonna crash. Because if we're at the top of the market, bitcoin is at the top of the market. Will the fifth or sixth best company in that sector do better or worse? They're going to do worse. And also as Nvidia began to come down, it was inevitable that AMD was going to come down as well. So combination of technical analysis, fundamentals and just being in the market so long like things have a rhythm like like take Aaron Rodgers. I don't care what team Aaron Rodgers goes to. He may play well for three or four games but historically at some point Aaron Rodgers is going to have a bad attitude. He's going to pop an acl, MCL something right. He's not going to perform at the same level that a time Brady would. Nvidia's time Brady, AMD, Aaron Rodgers good. Have potential garbage right now should retire. So a combination of technical and fundamental shout out to Aaron Rodgers too.

[Troy Millings]

Aaron Rogers.

[Rashad Bilal]

No way to treat a four time mvp.

[Troy Millings]

But that, but hey, that was, you know, I appreciate that was great insight and because like it's one of these things where everybody says buy the dip which that's a very vague statement to make because a dip can be 10, a dip can be 60%. You can, you could keep buying a dip all the way down to 90% for sure.

[Ian Dunlap]

Yep.

[Troy Millings]

If you want some of these meme coin you could buy the dip down to where that there's, there's no money left. It's actually recovering. So buy the dip. Yes. But that's kind of a vague statement. Where do you buy? And like I said that's something that you know is vitally important as far as knowing where to buy. Not for everybody. Like I said, if you're just a casual investor and you just want to put money into the market every month, that's fine, 100 fine. But if you start to play with some real money and you really trying to figure this thing out. And you got 50, 50, 100. You're really trying to, okay, like, you know, you're trying to really hit a double or a triple, possibly a home run.

[Ian Dunlap]

Yeah.

[Troy Millings]

That 10, 15, 20% makes hundreds of thousands of dollars of difference long term as far as where you buy. Right. And that's one of the things that you've cultivated with stock club is like, to me, the core element of stock club is that you get prices on when to actually buy. Like if it hits this price, right, it's three prices. What's the price? It's the load, the boat price, the.

[Ian Dunlap]

What'S the prices, the swing trade price. And then a quick entry. So my traders, you get a quick entry price, swing trade is in between. And then load the boat is like where you should put a large majority of your capital if you're looking to buy.

[Troy Millings]

And then, so it's like a lot of stocks, like you get like 50 stocks. Right. And it's like, okay, so some of those stocks might not hit the low doubles price.

[Ian Dunlap]

Yeah.

[Troy Millings]

But if seven of them hit now, that's on your money. So it's pretty much taking the work away from you. So with that being said, you know, no, you haven't done this in a while. I think this is the first time of 2025 that you've done this. But obviously the timing can be better because of the market uncertainty. Stock club sale. Stock club sale. 48 hour stock club sale gives you access to stock club in three years of sniper. So sniper is actually like a trading setup, right?

[Rashad Bilal]

Yeah.

[Ian Dunlap]

So teach you how to trade the features market.

[Troy Millings]

Yeah. Teaches how you trade the futures market and then actually shows you like the ema trades and the short long target. So sniper is a, is, is a setup to actually start trading. Right. Three access to that. You get access to the stock club. 50 off. 48 hour stock club sale. Ian Dunlap has made a lot of people money. Can you give me one success story? I know that there's a million of them, but can you give me a success story from stock club?

[Ian Dunlap]

A brother who started in 2020 started with 200,000. He's up $3.4 million now.

[Troy Millings]

There you have it. So that's a success story for you.

[Ian Dunlap]

Not a bad return. This is a great part. I, I don't charge any fees on the back end. Like, if you took this to a portfolio manager to get these same results, you're going to pay probably 3 and 30.

[Troy Millings]

Yeah.

[Ian Dunlap]

For these kind of returns.

[Troy Millings]

Yeah, for sure. And at least 1% of your portfolio. So that's another thing too. Minimum, at the, at the least most. Most asset managers charge 1% of your portfolio. So if you have a lot of money in your portfolio, that. And that's 1% annually, by the way. Yeah. So that, that adds up over the course of time. So okay, go to Ian invest.com Ian invest.com if you're interested in taking advantage of the sale. Yes. It will be for 48 hours stock club and sniper. And you will be able to get all of the entries exactly where to know. So you'll know okay. The next time a similar situation happens with the AMDs of the world, the bitcoins of the world or whatever, Microsoft, Apple, Nvidia.

[Ian Dunlap]

And you'll know really like shots the stock, they'll tell you in a month in advance these drops are going to happen. So when everyone's always breaking news. No, I told you a month prior this is coming. And it's the amazing part. When the entire market is down, it's amazing to be up while everyone is like, I had somebody hit me this weekend. Like, yo, I feel bad. I'm up 400 grand and I can't even really tell nobody because everybody else portfolio is bleeding. So you want to get Richmond invested in the market, Please join stock club. And don't wait till the summer because after this going right back up, I've called him all the favor. I discount it. Yep. I need to meet Robert Smith something. Oh.

[Rashad Bilal]

Hey.

[Ian Dunlap]

I need to be on the best. Hey that Saturday four times. I need to be on stage. Got you, me and you having a dance off right before my presentation.

[Troy Millings]

Okay, Ian, Ian invest.com All right, so let's talk about this. We talked about Trump a little bit, but yeah. So Trump has declined to rule out a recession amid tariff effects on the market. So he's holding off on saying if it's going to be a recession or not. Right. And we know the stock market is down a variety of other things. So the next question is, are we bracing ourselves for a recession? And then before we start this too, I do wanna for you revisionists out there, I'm a registered independent. Oh my God. Have been.

[Ian Dunlap]

Okay, let me play devil's advocate, Rashad. Before the election you were so pro Trump. Why aren't you Trump now?

[Troy Millings]

Yes. So, okay, you know, I really hate to do this, but sometimes you have to. So I am a registered independent. But, but I, I just, you know, I, I just have my opinions. My opinions might not always be right, but they're still my opinions. So yeah this idea that I've, I've been a MAGA supporter is interesting crazy because if you go to my Instagram first person that does this will get a cash app from me personally. You go to my my Instagram is Rashad Balau. R A S H A D B I L A L that's my Instagram. Now go to November 5th you can scroll might take a couple of seconds but you can go to November 5th on my Instagram put in chat what you see. First person that does it will be getting a cash app from me. Okay, well there you have it ladies and gentlemen.

[Ian Dunlap]

I trim and now blood Bill Clinton in 96 doesn't mean you're Democratic now. I thought we was Democratic Shields three months ago.

[Troy Millings]

That's the interesting.

[Ian Dunlap]

What is it?

[Troy Millings]

Because if you read the comments very bad. Very, very, very you would have thought that I was man they called me every name in the book. They said how as a Democratic shield and how is an embarrassment to the black community and all of this. All I said, I simply said this is about the economy and one person is better for the economy. That was just my opinion. I didn't say that Trump was going to completely crash the whole entire world and he was the worst person in the world. I just felt that out of the choices that we had he was not the best choice for the economy. So it's interesting when people say like well now you're switching course now you, you, you've always supported Trump your whole life. No, we said that we left. We, we asked the question should he be invited to invest fest. Look, I'm not anti Trump. I hope he turns this thing around but I knew that he's irrational. I knew that he flip flops and he wasn't good for the economy the last time. That's why, that's why he didn't have a second term. People have short term memories. He wasn't good for the stock market the last time. Only reason why the stock market went up is because they put an unprecedented amount of money into the economy to save it from COVID And you can argue that the whole covert thing was his fault to begin with. That's neither here. That's neither. The point is that we're not. What we're not going to do is rewrite history. At no point in time was I ever a MAGA supporter. I actually got crucified for what some thought was the opposite. Then the Democrats crucified me because they thought that I was too pro Trump and I wasn't a supporter of, of like, I'm not a political pundit, so it's not my job to actually campaign for somebody. But a lot of the Democratic base thought that I was not vocal enough in my support of the Democrats. So which one is it? Your Democratic shield or your MAGA supporter? I'm neither. But I do think that he was going to be bad for the economy. So far that's holding true. Okay, that was.

[Ian Dunlap]

I'm very proud of you for activating your. Troy. Joy. Troy, let's. We gotta clap it up.

[Rashad Bilal]

Yeah. I didn't know these things were happening. I can't believe these things are actually happening.

[Troy Millings]

Well, the crazy thing about the Internet is like I said, somebody was like, yo, you, you guys was talking about how Trump was gonna be good for the economy. I said, show me a clip of me saying Trump was just buy your car. They're like, I watch. Yeah, so.

[Ian Dunlap]

So they said they got truck and car. Find a clip.

[Troy Millings]

The response was, I watch enough of you guys to know the sentiment. So you could just think something. The crazy. You could just think something in your mind. Like I said, it's people. I think because we wasn't overly supportive of any candidate, they took that as we're our Trump supporters. And then in their mind they just formulate ideas that, okay, this is. Or we might say something good about Trump. If he does something good, I'm gonna say something good about him. So in their mind it's like you're a Trump supporter because you're not Roland Martin. Like I'm saying, like you haven't crucified Trump. You haven't said like he's the worst person in the world and you're not pro Democrats. Every, like we said, Democrats do dumb. They do dumb stuff all the time. So we, we criticize Democrats. So I guess in that mind that makes us MAGA supporters. But you can't rewrite history. And it's your job, it's your guys job to defend us in the comments because.

[Ian Dunlap]

Or not.

[Troy Millings]

Because if, if enough of a narrative starts to formulate, then the actual truth doesn't matter. Right? This happens historically. If you just say something over and over and over and over and over again and enough people believe it, then what actually happened does not actually matter after a certain amount of time doesn't matter. So we have to defend the truth at all times. Well, with that being said, are we headed to a recession?

[Ian Dunlap]

Well, what's the definition?

[Troy Millings]

Two negative quarters of gdp?

[Ian Dunlap]

Euro Step.

[Rashad Bilal]

Right.

[Ian Dunlap]

Interesting enough, a fact, The treasury has $7 trillion of debt to refinance in 2025 as bond yields are marching higher again. That is a fact. I think if we go by the traditional definition of having two negative quarters, we will have a recession. My question is will they announce it or would they move the goal post how they did for the last administration? I don't know. So I don't know what the traditional rules are anymore. If we're going by traditional definition, yes. Will he lead us to one? Probably because this tariff idea wasn't thought about enough. And the blow like everyone always talks about standing on business, no one thinks about what happens when your opposition team together to stand on business with you for 30 year period. China's prepared to crash out. And I hate that that term even get used so loosely now. But he didn't weigh up all the costs when initiating these tariffs. I know he wants to disassemble the IRS and we go to a consumption tax model opposed to an income tax model. But when you demolish something you have to figure out how long is it going to take to construct something new.

[Rashad Bilal]

And how's it gonna, how are we gonna supplement it? Because are the tariffs, are tariffs supposed to be the new supplement if that's replaced? I don't know.

[Ian Dunlap]

And when you have I said it before Jamie Dimon sold off at a certain time, you're getting CEO selling off at a time. Buffett has a cash pile that we've never seen before. It is for a reason. It's a one to one ratio of money that he has deployed in the market versus cash. He has sitting on the sidelines because he knows something is coming. So when you don't have a clear economic plan and then you have a sitting president who last election which Rashad pointed out, you're running on the market being great and you have a crypto currency that you're now backing through the government but you making a reserve drops the bitcoin market, then you don't care about the market. Oh my God, it's not good. So and I'm not signed saying Biden was the best because I'm one of the few people that is black that were actively saying before it's popular he shouldn't be running the country. But when you have a president says that he doesn't care about the market or the economy and now we're thinking about 100 year terms, how China does tariffs is the exact opposite of that. It doesn't lead very well for the economy or the stock market. So probability of US in a recession has went up from 18% to 38% according to bankers. So embrace yourselves.

[Rashad Bilal]

Yeah. The next couple weeks will be very indicative of where we're headed. We talked about it last week, but historically, February being one of the worst months to trade specifically for the S P over the past 75 years. March, you start to see an uptick usually around mid month. And here we are in the mid month. Already got here pretty fast. And so we'll see. All right, April, Historically this is not just like theory, this is like historical. Like it has been one of the best months to trade in. And so if we start to see a turnaround here in the next few weeks, we, that could be promising. But we got to be mindful, like you said, when you start looking at analysts and you start to see that percentage of what they think a recession, the likelihood of it is. Yeah. Going up 20 is not something that is very promising. And the sell offs are important. And we talk about Buffett, but a few weeks ago we were talking about Alex Corbett Carpent in terms of Palantir and him selling a billion dollars worth of.

[Ian Dunlap]

For sure.

[Rashad Bilal]

Well, guess what he did last week? He sold off more. Right. So now you're talking about a guy who was the CEO of a company has sold 20% of his. He sold 20% of his company in the past eight weeks. Buffett, we talked about 334 billion. The reason we started the show by saying this is the time when people get wealthy is because this is the time when people get wealthy. Right. They're gonna pull this thing back. They're gonna get some great entry prices and we're gonna sure climb back up to a bull market. Right. We haven't hit.

[Troy Millings]

Or maybe.

[Rashad Bilal]

Or maybe.

[Troy Millings]

Right, or maybe.

[Rashad Bilal]

Or maybe. Maybe about what now that we'll see a bull market. Well, eventually we'll, it'll get back. If we look at how the, the market performs, like 80 of the time it has returned appreciation.

[Troy Millings]

It'll go back eventually, but.

[Rashad Bilal]

Yeah, eventually. That's what I'm saying, that this is.

[Troy Millings]

A short term pullback.

[Rashad Bilal]

Well, we don't know.

[Troy Millings]

That could happen. Or it could be a bear market.

[Rashad Bilal]

Yeah. Or it, it could be too. We haven't hit a negative quarter yet. Like all signs right now based on where all those indexes are point to a negative quarter and that would be the end of March. So like the next two weeks, man, will be a very, very important indicator of where we're headed because that would signify the first negative quarter.

[Troy Millings]

So okay with that Being said question from the audience is with stock market now and a lot of uncertainty and with all indicators look like it's probably more room for it to go down. We know the first year of a presidency is usually flat. Second year is actually the worst year. So if that follows suit, the next year will be a bad year in the stock market. Is it time for option traders to liquidate their positions?

[Rashad Bilal]

I think you got to have liquidity. I spoke about this Thursday night and I was talking about reserves.

[Troy Millings]

Right.

[Rashad Bilal]

And so this is why we talk about entering positions and having a clear exit strategy. And that exit strategy could be a monetary number or it could be a percentage. So whether it's 20, 30, 40, if you hit those numbers and you, you sold some of those positions or some of those contracts, now you have reserves. I always tell people, like if mine was 100, if I get to 100 now, I know everything else that's running is pure problem.

[Troy Millings]

No, no, what I mean, I mean if they like completely starting over down on their positions, if they have not made money, they're down. Yeah, 40, 30, they're down on their portfolio. Not, not. They're not in a position where they're actually up on their portfolio.

[Rashad Bilal]

So if you're down 30 in a position. Yeah, but that's, that's part of, again, the strategy before you enter it. Right. And so we spoke about this in a few of the. What is your, your threshold? Right. If my position goes down 40, is that now where I'm exiting? Well, it could vary for, for company. Right. I gave a great example of how Nvidia did that and it pulled back 57% and I didn't move. Right. Because I just.

[Ian Dunlap]

Strength of company matters a lot.

[Rashad Bilal]

Right. And so that, that same call that was down 50 ended up going to be a 2000% greener. Now, is that an anomaly? Yeah, that. I mean, Nvidia's run is.

[Ian Dunlap]

AMD won't do that.

[Rashad Bilal]

Right. But AMD has done that for me before. Right. Like in 2021, it pulled back, I had it at 85, it ran up to 149, it pulled back, it ran back up to 190. Yeah. So it's just about. When you're creating your plan before you enter a position, what is the threshold? Where am I exiting at? Right. On the upside, is it a percentage? Is it 30, 40, 50, 100. I know everybody wants to get their thousand percent, but is 100 the threshold where I'm saying I'm taking profit at. And on the reverse verse where Am I exiting at? Am I comfortable if this thing pulls back because volatility moves quick option trades move quick business move. Is it 20%? Is it 30%? Is it 40? Or do I base it on my company? Right. Nvidia. I might let go down to 50, 60%. Right. Where I might not do the same for AMD where it's currently at. I mean if it pulls back that far then with we're in some real trouble.

[Ian Dunlap]

But yeah, yeah, right.

[Rashad Bilal]

I don't want to see it get down to 90 and I'm in a company that I'm like, all right, one of these quantum stocks. And I'm like all right, well it's at 90%. I should just let this thing try to get its way back up. No, I'm cutting my losses. Right. This is a volatile sector right now. 20 might be the cutoff. Right. And then I can get in a better position. I did that with Broadcom last week actually. I watched this stock pull back quality company. I watched it pull back 25. The option calls pulled back 50. All right, well those are two of my metrics. I like it. I spoke about this at the Mastermind where we talk about Nancy Pelosi and what she's doing is buying deep in the money and we can go into that deep in the money at the money, in the money, deep in the money quality position. Pulled back on the stock equity, pulled back on the option call. It was a home run and they beat earnings and obviously there was some upside and you know, today it pulled back. But I'm now repositioned myself out of 2025 positions. I'm in 2026 that Broadcom when I'm in 2027. So you know, it's just about the strategy.

[Ian Dunlap]

I think the key is quality. If you're trying to do this with Tilray, delete your account.

[Rashad Bilal]

Right, right.

[Ian Dunlap]

It's over with. I'm sorry like some of yourself. And two things can be true. I can see the spy going to 540. Maybe the deepest I have is 52544 and then we still end up at 640 at the end of the year. We can still hit recession or we could have a scenario where we hit all time highs at the end of the year and the overall economy be in a recession. It's really tricky with leadership. And and it was telling that Bitcoin dipped so much after the announcement.

[Rashad Bilal]

Right.

[Ian Dunlap]

Ethereum is down what 60, 40%.

[Troy Millings]

It dipped for a few reasons. It dipped because they included every other coin except for bitcoin. But the main reason is that they didn't have a plan to buy bitcoin. It's just. So that was what they was really looking for. The bitcoin community was like, okay, is the government going to buy bitcoin? That's helpful, right? And that leads to consumer confidence and that leads to. But when they said that they have no plans of buying bitcoin, they're just going to continue their same path of holding bitcoin, and they get bitcoin from seizures and criminal activities and stuff like that, then that wasn't a positive sign that they have fully bought into the idea of bitcoin. Because if you fully bought into the idea of it, why would you not.

[Ian Dunlap]

Buy it or why.

[Rashad Bilal]

I mean, that sounds like the common theme, right? What is the real plan? It just feels like they just like this week is one thing, tomorrow's a new thing, next week it'll be a different thing. Like again, the uncertainty of it is, is the biggest callus for, for the detriment of what we're seeing in the market. That. Right. You created a crypto czar, right? Like you would think that the, I mean, obviously these guys are really intelligent, right? We're not just going to discount that. Bitcoin is. And you said this, right? This is the sun of this space. This is. Everything relies on the performance of that. So to not have that as part of your strategy, huh?

[Ian Dunlap]

And from what I heard, they went against what David wanted to do.

[Troy Millings]

And, and you get, you're gonna get no non biased opinion from any financial channel except for us because there's retribution if they, if they talk about the administration. So if you watch any financial channel, you're not going to get a bias. They're still gonna make us, they're still making excuses for this situation. But yeah, it makes no sense. This was a play to get votes. This was a play to, to, to play on the, on the crypto community. Either you're pro, either you're pro crypto or you're not. You can't say you're pro crypto and then you don't want to buy crypto. El Salvador, they, they put their money where their mouth is. They actually purchased bitcoin and it's worked out for them so far. So if you, if you don't have to put the whole entire government's backing into crypto, but I mean the, there's enough money to buy some crypto. So if you really believe that crypto, bitcoin specifically is going to Go up over the course of time. Why would you not buy it? That's what Michael Sailor was saying. It's a great way to use it to pay off debt in the future.

[Ian Dunlap]

Listen, you saw that picture of Michael Saylor at the conference, seeing how frustrated he was. I'm like, government is messing up. Like, what do we. Hey, Kanye.

[Troy Millings]

Nobody can say anything about the administration right now. Everybody's scared. Even if you look at Michael Saylor, they asked him, it was like, you know, how do you feel about this. This treasury not being just bitcoin? He's like, no, you know, I think that they're smart people inside the administration and that everybody's saying the same thing. I've never seen people scared. They. They have. The one thing I'll give Donald Trump is that he's. He's created a. A level of fear that has to be respected because he's ruling with an iron fence. And they had no fear against Biden, Obama, any other president. They just say what they want to say. But there's no critique of. Of. Of anything that he does. Like, everything that he does is good. There's no. There's no critique on anything that he does, at least not publicly. And it's fair. It's a lot of fear.

[Ian Dunlap]

Is that a New York thing? Because, like, 50 rules the same way.

[Troy Millings]

50S from Queen. I mean, Trump is from Queens too.

[Ian Dunlap]

Oh, okay.

[Troy Millings]

So it might be. Who knows? But this. Yeah. Crypto. Not a good idea to put Solana, Ethereum, Cardano.

[Ian Dunlap]

I'm not gonna the Cardano. Like, as much as I like to shout out to Kayla, put me on. As much as I liked it for my own personal game. That should not be in the reserve.

[Rashad Bilal]

Favor for a favor.

[Troy Millings]

Right.

[Ian Dunlap]

What are we doing?

[Rashad Bilal]

He didn't give him the. The job as the czar. I'm sure he figured out a deal to work him into this.

[Ian Dunlap]

This is.

[Rashad Bilal]

All signs are pointing to him being this.

[Ian Dunlap]

You gotta listen to your czar. This is the CR. Like, like. And Tesla down damn near 14. Like what? This is the Making America great again.

[Rashad Bilal]

This is. Have you watched the show Paradise?

[Ian Dunlap]

Oh, it's one of my favorites.

[Rashad Bilal]

This feels. This is what this feels like.

[Ian Dunlap]

Absolutely. Absolutely. Who's the Sinatra in this scenario, though?

[Troy Millings]

China is doing everything opposite of what Trump is doing. So China, Gigi Ping has taken an approach to be counter Trump. So when Trump is erratic and he's making enemies across the world, he's going to be friendly and he's going to be diplomatic.

[Ian Dunlap]

Diplomatic.

[Troy Millings]

Because now countries have two Options of who they want to work with. You want to work with America, who's erratic, disrespectful, a tyrant, or you want to work with China, who seems so even with this Israel, Palestine thing, you see how Trump approached these. He's going to turn Gaza into a resort. And he, he said, you know, Hama, he tweeted them. And, and then if you look at China's response is the complete opposite. It says that we need a measured approach, that the Palestinians should not be forced out of their land, that we need a two state solution, that there's no, there's no peace without Palestinian self governance. They did the exact opposite. Yeah, that's diplomatic approach to make friends across the region in the Arab world and across just the Muslim world in general. That was intelligent for them to do. And then everything that they're doing as far as Canada, Mexico, you know, they're building in Mexico and they're making alliances in Mexico. So everything that Trump is doing is allowing them the opportunity to be the opposite on a global stage. And who would have thought that China would try to be the voice of reason?

[Ian Dunlap]

Remember that scene in Friday when Debo and Craig were gonna fight America's Debo? But this like if, like everybody jumped Debo at one time, that's bricks. The way of how we used to rule does not work anymore to your port example. In China they have a whole port. Look at the Manzanillo project. While our economy is not doing the best, our stock market is not doing the best, citizens are upset and we don't have great leadership in the country. It's a perfect attack, just like the Avengers. But China's version, and then, then we're.

[Rashad Bilal]

Gonna throw taxes on everybody.

[Troy Millings]

And then it goes back to also one of these things where, okay, so we talked about the China play, we talked about bitcoin. But this authoritarian rule has reaching levels that we haven't seen since George Bush. The second they just arrested the guy from Columbia University that started the protest, the Palestinian protest. It's a pretty unprecedented situation. He's a green card holder and they arrest him with no charges.

[Ian Dunlap]

In the land of the free.

[Troy Millings]

How you get arrested for starting a peaceful protest and then how do you get arrested with no charges as a, a green card holder? That's actually, that goes against constitution. This is unprecedented. They like, I don't think people fully understand what's happening. Like you program, I mean you're talking about freedom of speech getting trampled on.

[Rashad Bilal]

They said if you, even if you peaceful process and you're getting federal funds from the government. They try and cut that off for sure. Huh?

[Ian Dunlap]

How does that work?

[Rashad Bilal]

That's why these things are just being said. Will they be executed? Who knows? Will they try to.

[Troy Millings]

Maybe they already executed on them.

[Rashad Bilal]

I'm saying to take federal funding from the schools they started.

[Troy Millings]

Columbia University. Yeah, they already started. But like I said, it's one thing to do that, it's another thing to actually arrest somebody. Because you know what's next?

[Ian Dunlap]

What's that?

[Troy Millings]

Black Lives Matter. Anything that has anything to do with black people.

[Ian Dunlap]

Oh, what's over with.

[Troy Millings]

They already got Donaldson. He's campaigning for Corner of the year war. They had him out there in. It's one of these Southern states. They trying to reverse that civil rights law that's been on the book since 1969. That's the next thing all black people really have is protest. So they setting this thing up to start arresting people for opposition against the government.

[Ian Dunlap]

Yeah. And at some point very soon, anything pro black is going to be labeled a terrorist organization.

[Troy Millings]

Yeah, perhaps they already. I mean, this is precedent for it already. That happened in the 60s.

[Rashad Bilal]

That's, that's what I'm saying.

[Troy Millings]

That's every organization that happened in the 60s.

[Rashad Bilal]

That's the black Panthers. That's how I got labeled.

[Ian Dunlap]

Okay, well, after all this fear and gloom, what is the solution, guys?

[Troy Millings]

For what?

[Ian Dunlap]

All of it. Dei, the Trump administration, the fallen economy.

[Troy Millings]

There's no solution. You gotta wait it out, see what happens. But like I said, you gotta buy Bitcoin, hold it long term. Real estate, prices of real estate is gonna go up for sure. And stocks, you gotta, you gotta know when to get in. You gotta. That's ianinvest.com you got to know when to get into the stock market. You got to hold the long term.

[Ian Dunlap]

Qqqm, qqq, Eli Lilly, Amazon, Microsoft, Apple. Even though they keep putting out the same shitty phone tsm. If TSM was in America, I would have been killed off.

[Rashad Bilal]

We're getting closer. We're getting closer. I guess one of those, the questions that we get and it's kind of going over is people want to know where the bottom is. Right? So like, if we look at the emas. If we, if we look at the trends, is there a bottom inside? Are we near it? I guess in like 2020, it was the same type of question when we looked at Covid and it was like, wait, the market hit 13, 000, I'm like, wait, this thing could fall. Where could it reach? So, like, are we near it based on like what you're seeing. I guess some of the things I'm looking at have we hit a trend line near the bottom?

[Ian Dunlap]

No. 540, 530 could be the bottom. Spy5400.

[Troy Millings]

So Tom Lee, Tom Lee predicts, he said that this is the best time to buy stocks now. And shout out to Tom, you know he's predicting a massive rally in a couple of months. What do you think?

[Ian Dunlap]

I agree. All the money's gonna flow in like listen while okay. Something I want everyone to take a look at when the market is in triage. Notice who isn't speaking. Buffett, Tudor, Jones, Drucken Miller. All the greats are being quiet and executing. All the greats in private equity are executing. They're buying. Right. So if we get to like we, we are really at a point where if the market is off 15 to 30% in some markets now is the time to buy. We will have a nice rally. Probably come into app right after Invest Fest like the same way it did last year. So if I'm buying now this should be the strategy. Buy in February and hold through October, November. You're going to get the best return term of the day asymmetric risk to reward. So if I buy now I have a higher probability chance of getting a 15 or 20 return now than opposed if I did it two months ago. The market has come down to a level where I would want to invest. So if I'm getting in it on a spy 550 or 545 I, I can see probably by August or early September us being back at 600. Now is definitely a a time to buy if you're looking to hold for the long term. Long term investing only.

[Troy Millings]

There you have it. Okay, is it time to ditch the chase for big gains and bunker down to safe value stocks only.

[Ian Dunlap]

The real value is buying great companies that are at a great price. I know a lot of times we talk about sector rotation and this argument is coming up again. Tech versus value. The real value is to buy at the right price. Are there some value stocks that I like? For sure. Waste management being one, Caterpillar being another, Home Depot being another great. But if you think that you're going to be able to get away from technology stocks when it's the only thing really dry. Well not only but one of the main things driving GDP in America that in healthcare you're poorly mistaken. The real value is to buy at a deep discount and then concentrate. Warren Buffett's quote going to another quote, if you're a professional investor, I will focus on hyper concentration. I want to remind you you only need four or five good stocks and technically if you need, if you have bitcoin, like how some of your bitcoin maxes, you only need three good stocks after you have bitcoin. So I don't think it's the time to rotate into value. But if you buy great companies at a deep value, you'll get a better return that way. What value indexes?

[Rashad Bilal]

Yeah, I was gonna say like so growth stocks. Value stocks. I know the percentage for depreciation is something that people try to figure out and will create their own strategy. Is it, do you keep it the same for. For both? Right. So I know, I think you, you had like a 25 depreciation. I always like to be between 15 to 20.

[Ian Dunlap]

Yeah, I like 25. In tech, is there, is there a.

[Rashad Bilal]

Difference between value and growth or is it, is it, does it stay steady for both?

[Ian Dunlap]

I think every sector is different but a good exercise for everyone is go look at from the high of the market over a 15 year period, how far does it fall? Because every healthcare is different from let's say energy. Energy is different from utility companies. But for tech I, I usually like if I get a 25 drop in the sector or emulate it if it's a high quality company. If you're looking at value companies, maybe 10 to 18 is somewhere I would like to get in. But if you listen to the show like I'm literally giving you guys the prices and companies of where to get in and if you join stock club you get all sectors across the board. But yeah, 25 in tech is why I usually like to get in for sure.

[Rashad Bilal]

I know somebody's gonna like I was looking at Apple's chart, I was looking at it on Friday as well and it's like will this thing drop 20%? It could, it could. But how many times I think looking at from a historical perspective is key. How many times in this history has it dropped 25.

[Troy Millings]

Right.

[Rashad Bilal]

And then so or you go on.

[Ian Dunlap]

Chat GPT or claw and ask the researchers in his heart now and it.

[Rashad Bilal]

Will tell you so when you see a rare moment like that happen, then you know this is, this is probably a prime time to start executing. So if you're looking at where the bottom is with how many times does it drop 20 where Nvidia we've watched it drop 20 twice this year.

[Ian Dunlap]

Yeah, for sure.

[Rashad Bilal]

Right. And even lower. So taking a look from a historical perspective how that stock has performed, especially some of these, these mega cap and these strong companies. Look at their historical perspective so you can start getting the inkling of. All right, this might be a good point of entry.

[Troy Millings]

Okay, the NASDAQ is flirting with 24 hour trading. Will this be a game changer or will this be another thing to give Wall street more power?

[Ian Dunlap]

It's a mistake. For most people, the prime times are going to remain as prime times to invest. Open, American Open, American Closed, London Open. I know the illusion of having more access because the futures market has always been with 23 hours. There isn't as much liquidity during certain times of day. So you're not going to get a great trade at 8pm on a Tuesday night. I know they're trying to sell the illusion of inclusivity, but in a world that has been created around exclusivity, please don't fall for this trap and be very careful. Your trading plan as a result should not change. I commend them for trying to keep up with innovation. We have to give Robin Hood a lot of credit for making these innovations come through faster than ever. Because prior to them, NASDAQ or any other exchange had no, had no reason to do this. But your plan should not change at all. Like you. And also if you see spikes in like the noon session or a 7pm trade, it's probably going to be smaller firms who can't compete with Piper, Goldman, Citadel, State street that is finding arbitrage in the market. And you don't want to go against those whales that are in the market. So be very careful. But your trading plan should not change at all.

[Rashad Bilal]

Yeah, I think this is, it's interesting, right? This speaks to the retail investor, right? Because everything that you just named was institutional. So it speaks to the retail investor and again it speaks to innovation. And how are the new retail investors doing this? If they're trading crypto, they've already been in 24 hours for sure. A lot of the, the new retail investors have used platforms like Robinhood because of the use case and they said it's a lot easier and they use gamification allegedly to help bait those people in. And so that, that's the interesting standpoint of it. But this, one of the things when we talk about trading is volume, right? So if you want to know like when it should be, look at, look at the volume and look at the times that volume is increasing versus the times that volume is decreasing. And so if you have it for 24 hours, but nobody's trading and you're doing some of these derivative trades, like where there's futures. I know Options doesn't do 24 hours. Yo, it could get real scary really quick. And that only helps the brokerage. Right. Because this is one of those things. I know we're not using gambling as, as a, as a focus, but like, yo, the house is going to win in that scenario when there's no value and you're trying to figure out how to get a trade in if you're not seasoned at this. I, I don't recommend it. It's just like, I didn't recommend same day option trading. Like, yeah, can you make money doing it? Will a lot of people lose money? Yeah.

[Troy Millings]

Oh, and shout out to the knucklehead on Instagram. He said that he was like, yo, you guys always talking about stocks and trading. Like, what about the average everyday person that's trying to get their life together? Like, y'all never talk about the. I mean, we have over 10,000 videos, but we literally wrote a book. The book is called you deserve to be rich, which is a personal finance book, which actually walks you through Budgeting 101, investing real estate. Like mindset. We wrote a book. If you're too lazy to read said book, then you can't blame. Like, what else can we do for you guys?

[Ian Dunlap]

Well, you just read the audiobook.

[Rashad Bilal]

Go get the audiobook. Too lazy to read.

[Troy Millings]

It's $20. So for anybody that says, oh, this is too much and it's too advanced and da, da, da. And what about the little guys? You deserve to be rich. New York Times bestseller. You have to read. Reading is fundamental. And if you're listening and if you are not a reader, then you can choose to have an audio experience, which we actually just upgraded. We have a professional reader that's reading my part now for you guys to have even better, easier listening experience. I'm not sure how much easy we can make it. Everybody listens to market Monday. Should have a copy of the book or the audiobook. Why not? So when I saw that comment, I just thought that that was a teachable moment.

[Rashad Bilal]

Yeah. Because every household should have the book. I'm just beyond, like, I know you said, yes, the listeners for sure. Every household should have it. Like we. You keep running into people like, where should I start? Where should I start, bro? The book is the manuscript. Two star, straight up. Everything he said on top of if even if you've already been trading, you've made money, what that should look like when you've made a Certain amount of money, how you should conduct yourself, what you should do inside of a marriage. All that is in there, bro. Like that should be a part of your summer reading. It should be part of every school. It should be part of every household that needs to be in your house straight up. And everybody look for sure. And everybody. I don't look. Look like us for sure. Everybody should have the book. No excuse. I'm sorry.

[Ian Dunlap]

And to the knucklehead aspire to be exceptional. Because if you're spending time on Instagram, you can be applying that same time in other areas, whether it's business, your personal life to make your life better because it's easier to complain. I hear a lot of that pushback too. Well, this is even. Even sometimes Market Mondays is too complicated. Go listen to the old episodes and then catch up. But you're doing yourself a disservice by not executing when this information is for free. When I started watching cnbc, they weren't telling and still don't to this day tell you the price of where to buy the damn asset. So we have more information than ever. Like, you literally can take the episode of Market Mondays, put it in chat, GPT give me the 25 talking points from this that are most important and it'll tell you in two minutes. But you have time to complain. And then Steve Smith gets to move in the iud and your woman focus on being exceptional.

[Rashad Bilal]

Y'all.

[Ian Dunlap]

Put it in chat. Stop making excuses.

[Rashad Bilal]

Gotta post it.

[Troy Millings]

But y'all gotta stop. We're not gonna do. Like I said, we're not gonna rewrite history. We're not gonna say that we're maggot supporters from day one. And we're not going to say that we didn't give you tools of financial. I mean, how many credit episodes we have to do? We've done five of them already. Like how many budgeting episodes? How many episodes. We did an episode on how to buy a car. Like if you. If, like how. What. Hey, at a certain point in time.

[Ian Dunlap]

Is go watch just.

[Rashad Bilal]

Yeah, yeah, get the old albums and.

[Troy Millings]

If you don't want to watch it, buy the book. Like, we can't. We're not gonna sit here or watch.

[Ian Dunlap]

The clips on Instagram or YouTube before.

[Troy Millings]

Before this started, you had nothing.

[Ian Dunlap]

Big facts.

[Rashad Bilal]

That's a fact.

[Troy Millings]

So whatever. Whatever that is, provided it should only be gratitude. Because before it started, what. When was there a platform that spoke to specifically our community in a language that people could understand in an entertaining manner with real life stories and educational and Providing real life blueprints and dissecting business plans. When you tell me, what. What was that? What was that? What was the name of that platform? So at some point in time, gratitude is. It has to be extended because what.

[Ian Dunlap]

What you have before this, my brother, you can either make excuses or be exceptional. You got to pick. But you can't do both. You got to pick. So. But Rashad, you're doing well. You bringing joy into the criticism and the response. I love it. I love it.

[Troy Millings]

You got to. You got to.

[Ian Dunlap]

Yeah. Yeah.

[Troy Millings]

Okay. Okay.

[Ian Dunlap]

Data, I got a question for Troy real quick. If I can. If you were starting your portfolio over and options, is there one or two companies you would be looking at to invest in now for those who are.

[Rashad Bilal]

Just beginning right now?

[Ian Dunlap]

Yep.

[Rashad Bilal]

I mean, with everything, even Slate. Yeah, I'm. I'm still starting with Nvidia. I'm starting there and then. And I. You know what? Let me start. I'll start with ETS. If I'm a beginner, I'm starting with ETFs. Okay, which one? I'm definitely smh. Obviously Nvidia. It has a large allocation inside there. I'm. XLK is still QQQ was still there. Those are my three. And then I'll take vo. So that'd be my base if I've never done anything just because even when these stocks pull back, yes, the ETFs pull back, but the volatility is far less. Right. Like you'll see, like I said, Nvidia has been down 27. SMH has pulled back 9%. And so it's a. It's a smaller drawdown. Even though it's a small drowner. It's just a safe, safer way. And then if I had the first company I would start that with, it would be Nvidia. Yeah, yeah. Ian, I got. You know what? While we here and we talked about. Go watch the whole episodes, man. I gotta talk about one of the most important episodes to earn your leisure, and that's episode 70. It's about to be five years. This anniversary is coming up this week, man. So I want to salute you and congratulate you.

[Ian Dunlap]

That's crazy.

[Rashad Bilal]

Starting something super monumental, my brother. That episode's changed every day. There's no Market Mondays really without the success of that episode. It was crazy. We started thinking about the pandemic and five years ago and the timing of it, and it feels like market's pulling back again. Here we are again. And market monies is now here, man. So shout out to episode 70. If you didn't watch it, don't worry. You got five years of market Mondays catch up.

[Ian Dunlap]

Yeah. Partnership and brotherhood has been amazing. Shout out to the director with the director's chair. I hope you're well. Jury. Jury. I appreciate you so much. You're amazing. Thank you.

[Rashad Bilal]

That's crazy. That's five years, bro. That's crazy.

[Ian Dunlap]

That's crazy.

[Rashad Bilal]

Ain't miss a week.

[Ian Dunlap]

Crazy. Consistency matters.

[Rashad Bilal]

Chat about that.

[Ian Dunlap]

Please do show up every week.

[Rashad Bilal]

I ain't gonna read it, though, but you just keep chatting about it.

[Ian Dunlap]

Yeah, I'm getting on that wave. The. The. Because the critique is really just trying to get up enough traction so that they can try and fulfill that spot that they're critiquing.

[Rashad Bilal]

Yo.

[Ian Dunlap]

Once I got hip to that game, I'm like, oh, okay.

[Rashad Bilal]

It's all fabrication.

[Ian Dunlap]

Yeah, right?

[Rashad Bilal]

The same people that will critique you when they see you in person. I'm gonna ask for a picture and shit. That's what's really gonna happen. They're gonna be like, oh, my gosh, man. I love you guys. Can't wait, you know? Can't wait to listen to Monday, y'all. Watch you heavy, yo.

[Ian Dunlap]

Oh, yeah. Nelson I saw in Florida this weekend. My guy. Appreciate you.

[Rashad Bilal]

It's all good, man. Love is love. That's why I said love is love, because it really is.

[Ian Dunlap]

Yeah. Rashad, don't let him get under your skin. Just stay cool.

[Rashad Bilal]

He's cool right now. You can't tell.

[Ian Dunlap]

Yeah. At all times in his Kobe mode, I'm like, okay. Hey, y'all better be careful. Karma shot. Dangerous boy gonna call home. And Dane, makeup on.

[Rashad Bilal]

Stay.

[Ian Dunlap]

Okay, Leave him alone.

[Rashad Bilal]

The big show.

[Ian Dunlap]

The reunion.

[Rashad Bilal]

The big show is Bru Rockefeller Reunion.

[Ian Dunlap]

Invest that, day one.

[Troy Millings]

The Rockefeller reunion Play. Okay, so data centers are energy hogs. So why isn't solar king yet? Is it, you know, I asked.

[Rashad Bilal]

Hold on. What did you say?

[Ian Dunlap]

Solar's trash. That's why.

[Rashad Bilal]

Okay, all right.

[Ian Dunlap]

Overrated.

[Troy Millings]

Well, it's interesting that you say that, because I asked my. My contractor, and I'm like, you know, what about solar? Like, why we. Like, what's the options with solo? Like, we can go down. We can go down and give you options. He's like. But honestly, in my opinion, it's a scam.

[Rashad Bilal]

It's a waste of money.

[Ian Dunlap]

Fake news. Shout out to everybody who's selling. I'm talking about the stock. So if you are in the industry, you sell it. Not talking about that, but as terms the efficiency that you're supposed to get fake news. Not the greatest.

[Rashad Bilal]

I'm g. Let y'all keep going. Keep going. Keep going.

[Ian Dunlap]

Let's wake it up. It's some. Let's be real. Some. Stop it. I rather put coal in the furnace. Shut up. No, sorry.

[Rashad Bilal]

Domestically or just overall?

[Troy Millings]

I guess overall.

[Ian Dunlap]

Okay, here.

[Rashad Bilal]

Domestically, I'm saying because there's companies that might be, you know, predatory inside the space.

[Troy Millings]

So there's solar energy.

[Rashad Bilal]

The energy just in general, you're saying is.

[Troy Millings]

Yeah.

[Rashad Bilal]

Power from the sun.

[Troy Millings]

Is it a scam? Solar energy is scam.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Yeah. You know what I think in. In terms of data centers. Yes. Quote, unquote, solar is supposed to be more efficient, but that's not the main thing. Right. Like, they've already talked about nuclear being the energy that they want to use from an efficiency standpoint, but inside of it is. It's more than just what's powering it. It's about the efficiency. So the hardware needs to be efficient. Cooling solutions need to be efficient, and of course, the power. So if you look up and it'll tell you, like Windows. Well, there's downfalls and pros and cons that come with wind, and there's downfalls that come with solar. And so what people have chosen. And it looks like Microsoft and if we can talk about constellations and energy and what they're doing, they're trying to find nuclear reactors, smaller nuclear reactors that can now power it from a longer standpoint and a more efficient standpoint. There's actually somebody ran up on me and they were like, troy, this is what nobody's talking about. But you should be small nuclear reactors. That's going to be the way over the next 10 to 20 years. Nobody's talking about it, but we should let the people know in terms of energy, especially for the AI space. And we talk about data centers all the time and how that plays a role in the revolution. That's where they're looking. So that's probably part of the reason why solar. And I know people have. I mean, the sun is. Is. We can't say it's infinite, but obviously that that's something.

[Troy Millings]

Sunshine plays a major part in the daytime.

[Rashad Bilal]

I was just listening to that album Sun Always Shining, though.

[Troy Millings]

Ghost Face, Carrier Black nine.

[Rashad Bilal]

But Holmes, I get it for this level of power. I don't know.

[Ian Dunlap]

It's not as efficient as it could be. Yet.

[Rashad Bilal]

There we go.

[Ian Dunlap]

Domestically.

[Rashad Bilal]

Say the last part again.

[Ian Dunlap]

Domestically.

[Rashad Bilal]

Yeah. Residential makes sense if somebody's trying to do it for like one home. When you're trying to power These large.

[Troy Millings]

So. Because he told me it's a scam. He said it doesn't make sense for one home.

[Rashad Bilal]

Based. Based on the price points. People have said that, yeah, you can save 45 and they'll give you just like people done it down the street from here, like. And they come around and they're kind of aggressive with the sale of it. I don't know, long term, I know short term people have saved money on their power bills because of. Of solar powering. I haven't done it, I can't speak to it. But that's what the consensus has been for the past couple years, that it is energy saving.

[Ian Dunlap]

One day. I know people hate when I do my cliffhangers, but one day we're going to talk about how the oil companies have had a great patent concession and all this other stuff.

[Rashad Bilal]

Yeah, I got a solar palette powered system and obviously when in New York in the winter, it don't work as well. Right. We don't have as much sunshine.

[Ian Dunlap]

Yeah.

[Troy Millings]

Oh yeah. What about that? The sun's not.

[Ian Dunlap]

And they all tell you, you try to defend your relationship. Man, I wake up the most day.

[Troy Millings]

Cloudy week, we're screwed.

[Rashad Bilal]

Oh, damn. It's raining outside.

[Troy Millings]

Dead on the side of the road.

[Rashad Bilal]

The sun is always shining.

[Ian Dunlap]

And told the sun don't shine forever.

[Troy Millings]

He told it forever.

[Rashad Bilal]

And Donnie said he gonna get a rid of daylight savings.

[Troy Millings]

So, you know, look, when he's right, he's right. The daylight saving thing is one of the dumbest ideas today.

[Rashad Bilal]

Like yesterday I was like, what the hell?

[Troy Millings]

Just get rid of it. Have sunshine and forever causing the seasonal depression for no reason. And blaming it on farmers is stupid.

[Ian Dunlap]

Yeah.

[Rashad Bilal]

Another, another thing to help with the data center thing. And we again I spoke about this in the class. Like look at where they're building. Like shout out to Meta. They got some project, that project that they're working on. But even doing the research on that, I'm thinking like, okay, this is going to be one of the first couple, like maybe four, three to four that they've built. You know, they've built 23 already in the United States.

[Troy Millings]

23 what?

[Rashad Bilal]

Data centers. They've already built 23.

[Troy Millings]

Mark Zuckerberg. Cut the nonsense.

[Rashad Bilal]

23. And they're putting it in climates where he better cooling it can be favorable.

[Troy Millings]

Yeah, he's on his way to be the next Elon. He hasn't, he hasn't approached that level yet, but run the company, bro. You don't want, we don't want to see you on mma Fights. And you're doing too much now.

[Ian Dunlap]

Oh, you got a rebrand. If you want to take something over.

[Rashad Bilal]

That was part of the cyborg look.

[Ian Dunlap]

1. Getting the dog.

[Troy Millings]

No, no. But he's doing too much. You're not. You're not a cool guy, bro. Like, you're trying to make yourself into something that you're not talking about. We need masculine energy. And you want to wear a chain. You wearing a gold chain now. MMA fight. You're growing an afro.

[Rashad Bilal]

You.

[Troy Millings]

You're not a cool. You never was a cool dude, bro. Just embrace being a nerd.

[Rashad Bilal]

Like, yeah, he's from the. He's from the area, man. Now. Rocking with it.

[Troy Millings]

Mark Zuckerberg. Don't. Don't. Elon is going to set an example for every CEO of what not to do because he's ruined his company for sure. Now he gotta go to Italy to try to salvage the Starlink deal.

[Ian Dunlap]

Starlink, Yep. Canada clipping. Mexico. No good.

[Troy Millings]

Doing too much when. When keeping it real goes wrong.

[Ian Dunlap]

Yeah, yeah, I know that was his wife's party and all that too, but.

[Rashad Bilal]

Yeah, yeah, yeah, yeah, yeah. Last year he did. No, the anniversary. He did the T pain thing.

[Troy Millings]

But you're not an influencer. That's what I'm saying. Like, you're not. This is what happens when.

[Rashad Bilal]

This is Revenge of the Nurse.

[Troy Millings]

Famous people want to be rich. Rich people want to be famous.

[Ian Dunlap]

Yeah. Combination. If I want a platform, you think anybody owns a platform and not be famous? It's always a prime example of that.

[Troy Millings]

Sam Rothstein said it. The best man. Food and beverage stay in food and beverage. When you start to do too much, you. You fall apart. Right? And you only leave yourself open to criticism and attacks. It's going. It's going to. It's not going to be. It's not going to be good. And now you're doubling down on your DEI thing. You cutting jobs, you. You taking like. This is not the time to be doing karaoke with your wife and going to MMA fights and going win a million dollar watch and gold chains and doing collaborations with Michael Mary. Just be careful.

[Ian Dunlap]

Be careful, y'all, in case you get. You know what I mean?

[Troy Millings]

Be careful.

[Ian Dunlap]

You're gonna get half. You keep acting up, you better chill.

[Rashad Bilal]

Half is a lot. It happens a lot.

[Troy Millings]

Be careful. And that's the cool.

[Ian Dunlap]

Who's gonna be the democratic. Eli?

[Troy Millings]

I think they tried to make Mark Cuban, but he wasn't.

[Ian Dunlap]

Yeah, Cuban ass.

[Troy Millings]

Controversial enough, but there's. That's a common conception. People like. Well, people with Money.

[Rashad Bilal]

They don't.

[Troy Millings]

They don't want you to know who they are. That's not always true. If you look. If you look at it, a lot of these people have. From Bill Gates, he went out of his way to make himself a celebrity to you. Look at Apple, all of their CEOs, really. I mean, Tim Cook is kind of the. The. The least more label out there, but, I mean.

[Rashad Bilal]

Yeah, exactly.

[Troy Millings]

Exacts.

[Rashad Bilal]

Yeah.

[Troy Millings]

Zuckerberg, he went out of his. He's going out of his way. Of course. Elon Musk, we don't got to talk about him. That's obvious. A lot of these people went out of their way for you to know who they are you love.

[Rashad Bilal]

Basil's out of there.

[Troy Millings]

Oh, of course. Him, Jake Bezos. Can't forget him. So that's not always the case. The rich people don't want you to know who they are because all these people that I just named went out of their way to let you know who they are.

[Rashad Bilal]

True.

[Troy Millings]

Fame is a hell of a drug. And attention is something that human nature. We all. We all seek validation. We all seek attention. And the more you get it, the more you want it.

[Rashad Bilal]

So should we, knowing that this is true, should. Should we then. Because people can take this a couple of ways, should we applaud an entrepreneur, a businessman like Dave Stewart, who's the wealthiest black man in the country, who you don't see speak a lot, who's not out in the public Shouldn't. Is that the path? Because on one hand, if you don't hear him speak and you don't see him, and then it's. It's tough to draw inspiration from him. We can just see his net worth keep climbing, but we don't really understand the fundamentals of how he got there. Or is it just, yo, follow my moves?

[Troy Millings]

It's a combination of both. I mean, you could do whatever you want, like, but I think as a black person, it is some level of. You need to be a little bit more vocal because people need to. You need to balance out everything that we're showing a success to. Sports, entertainment. It's helpful. It's helpful if you're more out front, but you have the right to be whatever you want. But I'm just saying it's just more dangerous. Alex Carp, he's another one. Shut up. Keep talking. Palantir stock down 40, 35. Like, you gotta shut up. Every now and then, you gotta shut up. It's all you. You can only go on CNBC so much, talking about cocaine. Gotta Shut up. Sometimes, sometimes in life you gotta shut up. None of these Asian CEOs. You don't see these Asian CEOs talking.

[Rashad Bilal]

But we try.

[Troy Millings]

Except for Jensen. He's. He's walking dangerous line.

[Rashad Bilal]

No, we saw Jack. Jack Ma. And we saw what happened when he started talking disappear.

[Ian Dunlap]

But that's a different regime.

[Troy Millings]

And. Yeah, but.

[Rashad Bilal]

Yeah, I hate this.

[Troy Millings]

You gotta be. Gotta be careful. Just know what comes with that. Like, know what comes with that. Like, you, you want to start to. Especially when you start talking about politics. You want to get in this political game.

[Ian Dunlap]

Politics and religion.

[Troy Millings]

Be careful, be careful, be careful, ladies and gentlemen. But, yeah, Dave Stewart. We definitely think it's time to have the conversation.

[Rashad Bilal]

I think so. I think it's important.

[Troy Millings]

I think it's time to have.

[Ian Dunlap]

Is it?

[Rashad Bilal]

Yeah, I think it's. Yeah, I think it's important to have the conversation.

[Troy Millings]

It's August.

[Rashad Bilal]

I'm available.

[Ian Dunlap]

August.

[Rashad Bilal]

I'm available.

[Troy Millings]

Nah, but we need to know about Dave Stewart, Aliko, Dan Goatee.

[Rashad Bilal]

I think it's important. We need to know. The community needs to know. I walked into probably like five or six schools in the past two months and I do this presentation where I show them the wealthiest people, American, black Americans, and they have no clue who they are. Like, by face, you couldn't. They don't know. But 10 years ago when I did this lesson, it was, it still held true. Where it was, they knew all the entertainers, they knew the athletes. When it came to the entrepreneurs and the wealthiest people, they still had no clue. And part of it is that we don't know. Like, we don't know what we don't know. And nobody's teaching them inside of a. A school building.

[Ian Dunlap]

So.

[Rashad Bilal]

And a lot of times it's not being spoken about at home because parents don't know. So it's important to have conversations so that it can be a reference point of, oh, that's who he is. And when you bring up. Or Google it, here, here is. Here is said information spoken from the person.

[Troy Millings]

I think people start like Robert Smith. He's pretty much.

[Rashad Bilal]

He's become more.

[Troy Millings]

He's become a household name at this point. Yeah, for us.

[Rashad Bilal]

Yes. I'm saying the schools, the kids.

[Troy Millings]

Well, the kids don't know who Jay Z is.

[Rashad Bilal]

They did know who Jay Z was, though.

[Troy Millings]

I'm saying they've seen a picture of them, but if you just.

[Rashad Bilal]

They, if they see his face, they know.

[Troy Millings]

They don't know Jay Z. They couldn't name one, Jason.

[Rashad Bilal]

They probably can't Name a song. But they didn't recognize a face.

[Ian Dunlap]

They're aware of who he is.

[Rashad Bilal]

They're aware of who he is. They. Robert. Every school, they were like, nah. Nope. And it's honest. I understand why. But that just says there's more work to do on both sides. Right. Him showing up with us makes a lot of sense. I was giving him a platform to speak, to talk about his brilliance and how he's done it. It inspires the next generation. So we gotta. We gotta just keep doing more that. And all of us play a part in that. Not just us. But people are watching this and their teachers. Yeah. When it's Black History Month, it can't just be Sojourner Truth and Harriet Tubman and Malcolm. Black history is still being made every day. It doesn't need a month.

[Ian Dunlap]

It won't be no Black History Month.

[Rashad Bilal]

That's true.

[Troy Millings]

That's almost over.

[Rashad Bilal]

Yeah, but there's black educators. Right? And so figure out how to put that in your lesson plan. Right. Celebrate the people that are doing things right now that'll be historic things. History is happening every day.

[Ian Dunlap]

Sam Altman, while you're making more enemies. I know you did your little sneaky move to go get Johnny. I've to make that phone. I don't know if I will want Apple and Microsoft as competitors.

[Troy Millings]

He's another one.

[Ian Dunlap]

Shut up and weigh up the cost of war before you draw your guns. Yeah, I know. We all get half a little fame and moments. Sam. You barking up some powerful treat. Elon, you stole from Microsoft. You falling out with. You want to go get Apple's old designer for the phone and now you want to the same idea. I told it. So what if somebody put out a phone phone. They working on it.

[Troy Millings]

Boy, it's the same comparison to the music business as a relatable comparison. All of those recorded executives. That was executives and CEOs that wanted to be celebrities. It didn't work out for Suge Knight. Didn't work out for Dame Dash. We see. I mean the list. You can go on Top Dog. You never seen him. Never see him speak.

[Ian Dunlap]

The real sugar.

[Troy Millings]

Learn. Learn. He learned from other people's mistakes. Even Jay. You see Jay now. He's not talking now like.

[Ian Dunlap]

Yeah, but the errors at multiple. On celebrity CEOs in the publicly traded space. But to get into politics and religion progress. No.

[Troy Millings]

But you can make an argument that has never really worked out for. For a celebrity CEO like Bill Gates has to be one of the eight most hated people in. In America.

[Ian Dunlap]

Does it Matter if you worth that much money.

[Troy Millings]

I mean you gotta walk around with eight security guards in Times Square and you know, I mean quality of life.

[Rashad Bilal]

In business or just. I'll tell you something about music or business.

[Ian Dunlap]

Oh, music. Yeah. I don't think it's ever worked out well.

[Rashad Bilal]

Jimmy I doing. He's doing it.

[Troy Millings]

But Jimmy I got just in time.

[Rashad Bilal]

Talk about market timer this guy for decades. So you know me sitting course out of the leg game.

[Troy Millings]

He didn't live long enough to become a villain. He died. He died a hero. Didn't live long enough to become a villain. He would have became a villain.

[Rashad Bilal]

To some spaces he was a villain.

[Troy Millings]

I'm talking about in. In mass. Like how. How Bill Gates is a villain. You say Bill Gates name man everything from every part of conspiracy theory world. Like I think he's a villain. Bill Gates.

[Rashad Bilal]

Yeah, of course.

[Ian Dunlap]

For sure, for sure, for sure.

[Troy Millings]

He gets every part of conspiracy theory. From the vaccines to the World Health Organization to the farming to the every. The COVID everything. Like you. If you say Bill Gates name, he gonna get every angle of negativity. You see them in times. We had eight security guards with him. The Secret Service damn near.

[Rashad Bilal]

I watched this documentary. It's pretty good. The Netflix one. It's not definitely special. Yeah, it's really, really good.

[Troy Millings]

Like he has to walk around with those. Somebody like Warren Buffett doesn't necessarily have to walk around with a security guards.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

Because he's created a narrative. And the blowback for speaking negatively on him is worse than if he beat Trump.

[Troy Millings]

He's made himself a lovable figure. He's never done anything controversial. What has he done controversial?

[Ian Dunlap]

I won't speak about it here. I'll wait till you pass.

[Rashad Bilal]

Hopefully that's not anytime soon.

[Troy Millings]

The public perception on Warren Buffett.

[Ian Dunlap]

Yeah, I'm gonna be real. The public perception on every majority of people who are nice in business. It's the opposite of who they really are though.

[Troy Millings]

Oh yeah. Well done. Well all that. All. I'm just saying, just the public perception, public face.

[Ian Dunlap]

No, I agree with you a thousand percent. I'm spicing up for viewership. Oh yeah. But. But the perception in versus reality. Oh boy. His car icon come off like a gruff old ass grumpy man. But this is true. Nice. Behind the scenes he's nice. It's another one of them billionaires who act like he real friendly but he a little racism. It's a little bit. Just a wee bit. Go ahead, Rashad.

[Rashad Bilal]

Assault, bail then.

[Troy Millings]

Yes, a racism little sprinkle well, everybody.

[Rashad Bilal]

Every run into a few of them.

[Troy Millings]

That's. You can't go against that. I mean, when you see it in.

[Rashad Bilal]

Real life, it's like, okay, what of what he's talking about? That little sprinkle of racism, little segregation salt.

[Troy Millings]

But everybody's racist.

[Rashad Bilal]

Elaborate.

[Troy Millings]

If you've benefited from a certain level of power structure and you're over 60 years old and. Yeah, I mean, you really expect. What do you expect?

[Rashad Bilal]

No, I'm not saying that I didn't expect it. I'm just saying when seeing it firsthand, it's like, oh, okay, they go, they go to sprinkles. Pause.

[Troy Millings]

Yeah, yeah. To be expected.

[Rashad Bilal]

Yeah. You walk in like I said, you walk in with the expectation of like, okay, this is the space. We understand how the space works. Oh, there it is. Okay.

[Troy Millings]

America runs on Duncan. Okay, before we leave, stocks always talk about diversify. But crypto whales brag about 90 of their portfolio is in one coin. So why to disconnect? And what about altcoins as far as their real world utilities? And, and will they ever outshine bitcoin?

[Ian Dunlap]

No diversification. I've always said this. Whenever anyone tells you to diversify, they're doing so. So they don't have the risk and you have the capability of suing them if things go wrong. Everybody who's great focuses on hyper concentration. Go Google Warren Buffett Berkshire Hathaway meeting and go read everything he's ever said about concentration. Well, the altcoins surpass bitcoin. No. Because Langley did not create them.

[Troy Millings]

So Langley created bitcoin.

[Ian Dunlap]

Do you tell me legend, this is all alleged?

[Rashad Bilal]

I don't know what you're talking about.

[Troy Millings]

Okay.

[Ian Dunlap]

Nobody's bigger than the program.

[Rashad Bilal]

The thoughts shared.

[Troy Millings]

Crypto's gonna crash. Crypto market's gonna crash.

[Ian Dunlap]

Except bitcoin.

[Troy Millings]

Yeah.

[Ian Dunlap]

Oh, but that load the boat price. Then I got a stock club for bitcoin, baby.

[Troy Millings]

It's happening because you can see it happening once. The same thing happened with NFTs once. Everything had. Every single personnel has a. Has a meme coin. Just like everybody had an NFT sign. It's become a joke. And that's a sign, that's an early indicator this whole thing is going to blow up. Bitcoin survived the test of time. It always has, traditionally. But all of you that think you're going to just invest in said meme coin shit going and that's your pathway to become rich, it's not going to work out for you. It's going to evaporate. It's going to crash.

[Rashad Bilal]

It's going to cost you money because you can't afford to lose.

[Ian Dunlap]

I told you that price. The Trump coin was going to come down, too. Hey, y'all better listen.

[Troy Millings]

All those coins is going to crash. All of them.

[Rashad Bilal]

Trump coin, Melania Coin.

[Ian Dunlap]

Yeah, Melania Coin got to be down 95. I haven't heard a person tweet about that since day two.

[Rashad Bilal]

We've seen the entertainers start making the coins. I'm like every.

[Ian Dunlap]

They rolling them out like Master P used to do them albums back in the day.

[Rashad Bilal]

Come on, man. What are we doing over with. Come on. That's detrimental.

[Troy Millings]

So MicroStrategy, they've taken a major hit too, but they own more bitcoin than anybody. So does that position themselves to be one of the most valuable companies on earth at some point, or are they fly by night holding company that soon there will be a million different holding companies similar to them?

[Ian Dunlap]

I've said it before. Michael Saylor is the new Kathy Woods. And while I love the strategy, the same way that they took her strategy away from her, they are going to find a way to take his strategy away from him. Brilliant strategy to put. Once again, hyper concentration. He didn't do 25 Bitcoin, 25 Cardano, 25 Ethereum. There's a reason why my only fear is they see the strategy working so well, they're gonna find a way to take it away from him. And as you alluded to you, like, you have to look at the the competition list when the government, eventually they'll buy bitcoin at scale and make a reserve in the fund. And because if those his ratings go down long enough, Trump's going to find a way to buy bitcoin and say that all of Americans own it and give a bitcoin dividend. You have to look. So as Rashad alluded to, they're going to put some other players in that space to compete against him very soon. But great strategy. It's tough, man. It's a tough environment.

[Rashad Bilal]

Yeah.

[Ian Dunlap]

Going back to what you said about staying silent, I put this on Twitter. Like, if you really love trading, investing, at some point you have to stop talking about it because then you give too many entries into your ecosystem to give your strategy away. Why he's been an amazing advocate for bitcoin. Watch how over the next two years they strip it away from him. Because if you own the most valuable asset in the world, allegedly, how is your stock falling when you own more of it than the government does? It makes no sense.

[Troy Millings]

Well, it's because bitcoin's falling.

[Ian Dunlap]

But if he bought it at a great price, why is the stock still falling?

[Troy Millings]

He didn't buy it at a great price, though. He bought it. He, he bought bitcoin at any price. He's bought Bitcoin at $108,000.

[Rashad Bilal]

But that's. Now he's had the stockpile prior to that.

[Troy Millings]

Yeah, no, I'm saying he bought it. I think his average buying is like around 80,000. But long story short, I mean, I think that he's positioned himself as, as directly tied to bitcoin. So if bitcoin goes down, then the sentiment of his company has to go down.

[Rashad Bilal]

Yeah, but so then he keeps purchasing more. Right. So then the, the question becomes, where are they getting liquidity to purchase more each time?

[Troy Millings]

Well, issuing stock shares. They're selling stock. They're doing borrowing. They're borrowing money when the stock falls.

[Rashad Bilal]

Yeah, that doesn't, that's not going to work long term. Right.

[Ian Dunlap]

If the stock keeps falling, inflation continues to go up.

[Rashad Bilal]

Yeah. And the stock is not falling at the same rate that bitcoin is falling. It's falling faster.

[Ian Dunlap]

Because it's very interesting.

[Troy Millings]

That's his whole, his whole strategy was that it's bitcoin with more volatility. So that was his strategy, even with traders. Is that, okay, bitcoin goes up 10%, MicroStrategy is going to go up 30, 25%. That's what he pitched. But the volatility comes with downside volatility as well. So that's Michael's whole. That's Michael Sailor's whole philosophy. Because other than that, it'd be like, why not just buy bitcoin? So his philosophy is that this allows you to essentially to track bitcoin, but bitcoins are very, already extremely volatile. Microstrategy is even more volatile. So now this gives you. Because before you couldn't have option trades on bitcoin. So at that time it was like, okay, this allows you a trading option for bitcoin. But now you can. But now it's like even more so of the volatility play to. If you really believe in bitcoin now, think bitcoin gonna go up 30%. You have micro strategy is going to go up 70%. So but on the downside, Bitcoin goes down 30%, micro strategy goes down 50%.

[Rashad Bilal]

Yeah. And then in terms of cycling for bitcoin, Right. Like we said this year, having. Was last year, two years after having, we start to see a Pullback. If that continues, then the strategy of selling to buy more, it becomes crumbles. Yeah.

[Troy Millings]

It becomes problematic if the cycle continues. This is supposed to be the best year for bitcoin.

[Rashad Bilal]

That's what I said.

[Ian Dunlap]

But two years, I'm saying two years for it.

[Rashad Bilal]

Yeah. It's gonna be a. Should be. Well, historically, it's been a hard.

[Troy Millings]

You buy enough bitcoin to win, essentially you don't have. You don't. You don't just keep buying bitcoin forever. But I mean, he already holds more bitcoin. Any other entity in the world. So it's like gold, right? Like, if you have more gold.

[Rashad Bilal]

Is he number one?

[Troy Millings]

Who's number one?

[Rashad Bilal]

I don't think he's number. He's. I think he's number. He's in the top five, but I don't know if he's number. I'll look it up.

[Troy Millings]

No, he's definitely top three.

[Rashad Bilal]

Okay, I'll look it up.

[Troy Millings]

But so it's like, okay, if you position yourself as the, as the, the holder of the most valuable asset in the world, then it's just up from there. And if you believe that it's going to keep continuing to go up over the course of time, when it goes to a million dollars and you have hundreds of thousands of bitcoin, I mean, the world is at your mercy. You can, you can lend bitcoin out. At that point, you can do whatever you really want. Whatever you want to do.

[Rashad Bilal]

Yep, he's number five.

[Troy Millings]

Who's the top five?

[Rashad Bilal]

Well, you know, the satoshi is obviously one, but Binance is two, Grayscale is three and Black Rock is four. And then micro strategy.

[Ian Dunlap]

Top five. Top five. Top five.

[Troy Millings]

But even that, I mean, I still put him in number one because those other ones are brokerage. So those are. Those. They have bitcoin, but those is actually brokerage. He's older as a. As a company. Right. They're not a brokerage. So he's hold. He's. He's just holding his bitcoin. Those. They buy bitcoin. They. They sell the bitcoin. It's. It's like a revolving door. He's just. He's just hoarding bitcoin.

[Rashad Bilal]

Yeah, Binance kind of operates in both worlds. They brokerage, but they have their own brokerage. They have their own coin which trades off the bit. It's there.

[Troy Millings]

But they have. Fundamentally, they have to have enough bitcoin because people buy.

[Rashad Bilal]

Exactly. Yeah.

[Troy Millings]

Nobody's buying bitcoin for microstrategy.

[Rashad Bilal]

Right.

[Ian Dunlap]

So much I want to say but I'll reserve my commentary.

[Rashad Bilal]

Where's the US government in all this? I think they never.

[Troy Millings]

What's the. What's the real story behind the bitcoin conundrum? I don't.

[Ian Dunlap]

I don't know. Me or mine. I don't wait come to invest fest after hov get off stage.

[Troy Millings]

Is bitcoin headed to Mike. Mike. Well not Michael. Tom Lee had a. Had a scenario where bitcoin could go to $5 million. All the stars had to align for that to happen.

[Rashad Bilal]

You ever seen this?

[Troy Millings]

Yeah. So do you. Is bitcoin you see bitcoin ever getting $5 million.

[Ian Dunlap]

But he. If you watch the clip with time that's if it was. There was a one to one ratio with the value of gold and that's not currently there. Could we ever get to 5 million hypothetically? Maybe like 20 or 30 years from now.

[Rashad Bilal]

Yeah. That was a shout out to. That was Josh Brown, right?

[Ian Dunlap]

Yeah.

[Rashad Bilal]

I watched that. Yeah. When he broke it down in that sense it was like okay. Because he was saying this could happen relatively soon and then they would. They kind of have some pushback on.

[Ian Dunlap]

Yes. They go to Fort Knox and see that that goal ain't there for sure. You gotta. That notional value gonna change immediately.

[Rashad Bilal]

Yeah. Because I think the. The value of gold is like 20. Is it 21 trillion right now?

[Ian Dunlap]

Yeah, I think 23 or something like that.

[Rashad Bilal]

Three and Bitcoin sitting at around two.

[Ian Dunlap]

So there's one, right?

[Rashad Bilal]

Yeah, yeah.

[Ian Dunlap]

Yeah. But a bitcoin value go to 5 million. Oh boy. America.

[Rashad Bilal]

Yeah. There's still room. There's still room still inside that space.

[Troy Millings]

Are you bullish Bitcoin?

[Ian Dunlap]

Yeah. All assets that are owned by US governments. I'm long on.

[Rashad Bilal]

You said BlackRock is involved. I like it.

[Ian Dunlap]

Vanguard BlackRock, Satoshi.

[Rashad Bilal]

And all that centralization.

[Ian Dunlap]

Talk that y'all loved.

[Rashad Bilal]

We.

[Ian Dunlap]

But yeah your bitcoin's good but.

[Rashad Bilal]

Just.

[Ian Dunlap]

Hold for the long term man. That's all I'll say. That's all I'll say. And you have to learn how to trade as well. Trading has considerable risk. Consult your advisor. You must be disciplined. But while I love the return. Go ahead.

[Troy Millings]

For new traders. What's the. What's the safest strategy to begin use using in the market?

[Ian Dunlap]

Whichever one you're going to stick with. A lot of times people ask me what how should I get in, how should I get out. I'll say this again. Use the same entry and exit and same target for every trade for five years. You can go through all the V WAP scenarios and EMA and RSI and stochastic and that's cool. Will you follow your setup when it's there and have the same target? Like I immediately know someone isn't doing well in the market when they ask me what target are you using? What target I use should not affect how you trade and it should not make me want. I don't care what Buffett or Chamath says or Sailors. I haven't changed my strategy off the NASDAQ or ES to CBAU be at no matter. Like you guys hear stuff all the time from other people in media. I don't see you doing less shows or seven hour episodes because somebody else did an all day multi marathon. And I'll stick to the strategy. But EMAs are a good way to enter. You want to risk one to make 11 in the best case scenario. Worst case scenario you want to risk one to make five. That applies to all markets. If you do that you'll be good. But the. The desire to want to continue to learn more and change strategy I think is the thing that stops most traders for sure.

[Troy Millings]

Okay.

[Ian Dunlap]

Yeah, yeah. Fair chat to y'all. Who listen, if I made you money, please put yes in chat. Have I made you all my money? Or this president and the last one did I want to know. Shout out to save. I don't need to know. Amazing interview.

[Troy Millings]

I appreciate you speaking of that. Ian invest.com 48 hours sale for stock club and sniper 48 hours when you actually can get the prices. Stock club is when you actually get prices on when to buy the stocks. Like this stock is going to 98. Buy it at $98 and you'll make a lot of money as opposed to buying it at a high or buying it at 20 and then it drops another 30. Buying a dip. It's not a strategy incomplete statement. It's an incomplete statement. Go to Ian invest.com first stock club sale of 2025 in invest 48 hours.

[Ian Dunlap]

Got an interesting question. What comes first? XRP to 10 or Bitcoin to 330000.

[Troy Millings]

All you XRP enthusiasts out there that once again you guys crucified me. You know who you are. You guys crucified me. And what has it done? What is it done?

[Ian Dunlap]

To answer the question of 3:30 before.

[Rashad Bilal]

So 10 is.

[Ian Dunlap]

And I'm the one that called about a 22 cent. I put the little post up.

[Rashad Bilal]

That's lofty.

[Troy Millings]

It hasn't got back to his high from 6 years ago XRP. If. If. Rule of thumb, if an investment has not gotten back from his high from six years ago, that's not a good investment. Now, will it go up over the course of time? Probably. But it's not going to $10,000 and it's not going to a thousand dollars. And if you think that you put a thousand dollars in XRP and you'll become a millionaire in five years just by sitting on it, you're going to be worth $2,000.

[Rashad Bilal]

That'S gonna be your net worth.

[Ian Dunlap]

The humble response. Copy that. I'm gonna copy that. The calm measure. You've been on the phone in Africa, ain't it? Shock. Oh, boy.

[Troy Millings]

The XRP army CEO of XRP spotted with Trump.

[Rashad Bilal]

They had that. The Mar a Lago. The Mar a Lago pitches spot.

[Troy Millings]

Bitcoin, man. If you're interested in crypto, buy bitcoin. That's your safe place.

[Rashad Bilal]

Oh, man. We're watching that Vix. Shout out to the. We're watching the Vix. Keep your eye on the Vix, y'all. We get into 30 and also go.

[Ian Dunlap]

Look at every eight years. How often around this time of year does this VIX Spike to about 31. Yeah, happens.

[Troy Millings]

Are you still bullish on MU?

[Rashad Bilal]

It's tough to be bullish on anything right now. Do I still think it. It plays a major role. I do. March 20th, if they will be reporting their earnings. I know GPUS was a touch point for them that they didn't see acceleration in, but the data center revenue came in really well. I think that'll still happen. I think there might be some improvements on the GPU segment, but again, when the market is. Is performing like it is, it's. It's tough.

[Troy Millings]

What's the best stock to buy right now before we leave relative to the down performance? TSM will be it. That's your. That's your pick.

[Ian Dunlap]

I keep saying if TSM was in America, I would go on a whole short Apple campaign. TSM and Microsoft, those are the two.

[Rashad Bilal]

That's your two. Yeah. I mean, I feel like the safest answer for me would just be. It would be Nvidia, just because of the, the role that it's going to play in all of. All of this, even with Microsoft and I think. Did you post that, Ian, with the. The Capex that they put out 100 billion specifically for GPUs?

[Ian Dunlap]

Yep.

[Rashad Bilal]

It's a hell of a lot of money, man. Yeah, I'm definitely. This thing gets into the 90s, this is. I don't. I don't want to say anything prematurely that might be inside a stock club, but it gets inside of there.

[Ian Dunlap]

Yeah. Sam Altman. They still own 49 regardless of however your relationship go. Just like because you can get a prenup. So just because y'all don't get along don't mean that they don't get to own that they you promised and they gonna buy spin a block and get the new wife with at a cheaper.

[Rashad Bilal]

Valuation to till 2030. No, that. That. No. 2030 is when it's old. I don't know what happens at 23rd. Do they have a severance package where they separate? But 2030 is the deadline.

[Troy Millings]

Allegedly.

[Ian Dunlap]

Alleged.

[Rashad Bilal]

Not alleged.

[Troy Millings]

That part.

[Rashad Bilal]

That part is fast.

[Ian Dunlap]

Everything is negotiable ownership for another five years and I can block every IPO on earth. Boy, sit down.

[Rashad Bilal]

You think that. You think they're gonna ipo?

[Troy Millings]

You never keep a car to the end of the lease.

[Rashad Bilal]

I'm saying what the terms are now. It could change for sure.

[Ian Dunlap]

You think?

[Rashad Bilal]

Do you think they'll IPO in the next five next three to five years if they.

[Ian Dunlap]

If they make right with Microsoft for sure. You can't have Microsoft and you stole from Elon and think that you're gonna go public and all the banks don't team up against you.

[Rashad Bilal]

Well, they got soft.

[Ian Dunlap]

They'll get mad and come together.

[Rashad Bilal]

They got SoftBank.

[Ian Dunlap]

Sure. How we work go.

[Rashad Bilal]

But they keep investing. Right. Like we were. That story is just. I mean a classic failure.

[Ian Dunlap]

Where SoftBank from what? What?

[Rashad Bilal]

Or this is what I'm saying. This is. That's why I'm saying that. Right?

[Ian Dunlap]

Yeah. You go go IP on hangshot Shanghai index.

[Rashad Bilal]

You're gonna call Larry. He's gonna call Larry very soon.

[Troy Millings]

Hoover.

[Rashad Bilal]

Nah. Ellison.

[Ian Dunlap]

Boy, these. I'm telling these war games that are being played I have not seen. This is a different time. This is chess at a high level and a lot is at stake.

[Rashad Bilal]

Oh, that Stargate thing is real, man. It's real.

[Ian Dunlap]

Oh, for sure.

[Rashad Bilal]

It's real.

[Ian Dunlap]

For sure.

[Rashad Bilal]

Just in case you don't think I.

[Ian Dunlap]

Got the back end and a great point in. And being a business owner and investor, you have to know who you can sell to. You gotta have some buyers on the other side of that line. Yep. Because you'll never get that valuation again in the AI race.

[Rashad Bilal]

Yeah. Especially with the competition.

[Ian Dunlap]

For sure.

[Rashad Bilal]

Especially with the competition.

[Ian Dunlap]

Yep.

[Troy Millings]

All right, ladies, it's been real.

[Rashad Bilal]

All right.

[Troy Millings]

Tap in Wednesday. Blackout.

[Ian Dunlap]

Yes.

[Troy Millings]

Philip Anthony Michael coming to save our souls. And then Thursday, 9:00. How to make your child a millionaire. Earn your leisure. Stock club sale 48 hours. Go to Ian invest.com Ian invest.com and get the book. You deserve to be rich.

[Rashad Bilal]

Facts. All facts. Love is love, y'all. Be good to each other. Keep your seatbelts on.

[Ian Dunlap]

Avoid the noise. Troy. I'm learning.

[Rashad Bilal]

Black out all distractions at all. Shout out, shout out to yo. Shout out to ish man. Friend of the show. Get well soon, my brother. Get well soon. So you had the boot on last week?

[Troy Millings]

Yeah.

[Ian Dunlap]

My God. Popped his Achilles.

[Rashad Bilal]

Yikes.

[Ian Dunlap]

Yes. That's my brother. Yeah.

[Rashad Bilal]

All right. Love is love, y'all. We going. Peace.

[Ian Dunlap]

Peace.

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[Troy Millings]

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