MM 309# Lessons from NVIDIA, New MAG 7, Options Trading, & Most Profitable Real Estate w/ Cedric Nash

Summary

Market Mondays #309 — Lessons from NVIDIA, New MAG 7, Options Trading, & Profitable Real Estate w/ Cedric Nash

Date: April 28, 2026
Hosts: EYL Network (Rashad, Troy, Ian “Red Panda” Dunlap, and guests)
Guest: Cedric Nash

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Episode Overview

This Market Mondays episode dives deep into top strategies for building wealth through stock market investing, options trading, and real estate. The crew shares fresh insights from their private visit to NVIDIA, dissects the evolving "MAG 7" stock group, and explores the rise of AI and cybersecurity. The latter half features Cedric Nash, who breaks down the path to multi-millionaire status with actionable advice on mindset, real estate, leveraging assets, and sustaining motivation for long-term investing.

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Key Themes & Lessons

• Urgency & Discipline in Investing: Lessons from NVIDIA’s leadership and how urgency builds success.
• Options Trading Masterclass: Real-life examples, risk strategies, and how to handle big wins.
• MAG 7 & “AI 8”: Exploring the dominant powerhouses in tech, their future, and the next batch of IPO heavyweights.
• Profitable Real Estate: Multifamily vs. single-family, unique commercial opportunities, and leveraging lines of credit.
• Staying Motivated: Mindset shifts, the “broke college student” approach, and countering investor fatigue.
• Actionable Guidance: On tech, options, saving, degrees to pursue, and building generational wealth.

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Major Sections & Detailed Discussion

1. Lessons from NVIDIA: Urgency Over Comfort

[22:10 – 32:47]

• Private NVIDIA tour takeaways:

  • The CEO, Jensen Huang, instilled urgency by telling staff they were always “30 days from bankruptcy,” even at their peak.
  • Rashad: “That’s why I always say you gotta be paranoid... That’s how you keep the edge.” (25:37)
  • Urgency combats complacency—applies to entrepreneurship, career, and investing.

• AI Disruption is Coming Fast:

  • An NVIDIA veteran told Ian: “We have four years until AI runs all inventions and innovations.” (27:12)
  • Ian: “He wasn’t saying it to be exciting... just passing along the sense of urgency.” (27:12)
  • Pushes all panelists to accelerate projects and planning.

• NVIDIA as an Ecosystem/Platform:

  • Troy: “When you’re listening to Rambo speak...this is where a GPU actually goes. Light bulb moments everywhere.” (31:17)
  • The importance of understanding where value is created in the tech stack—Nvidia is a platform underlying the 2020s tech boom.

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2. Discipline, Foundation, & Options: How Millionaires Are Made

[8:45 – 21:36 / 33:50 – 45:56]

• Long-Term vs. Chasing Shorts:

  • Many in Red Panda Stock Club have become millionaires not by quick trades but by holding positions in staples like Nvidia, Eli Lilly, AMD, Microsoft.
  • Key Advice: “Don’t sell the foundation. Please keep your base.” – Rashad (11:16)
  • Ian: “If you hold for a decade, you’ll be fine.” (10:02)

• Options Trading Mastery:

  • The “Green Jacket Club” celebrates 1,000%+ returners, often via options.
  • Live Case Study with SanDisk:
    • Up 90% in two days before earnings.
    • Debates on taking profit early or holding through earnings.
    • Ian: “You have to know the exit before you start. Take half, let half run.” (38:02)
    • Rashad: “I always suggest people start with the foundation. Never sell your foundation, but build from it.” (43:17)
  • Risk management is essential—limit risky options, especially around earnings.

Memorable Quotes

• “The market doesn’t reward intelligence as much as it rewards discipline and passion.” – Rashad (13:04)
• “Don’t try to trade your way into profit opposed to just holding great companies for a long period of time.” – Ian (20:33)

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3. AI, MAG 7, and the Next Generation of Market Leaders

[17:42 – 22:10 / 53:19 – 61:11]

• Google as AI Behemoth:

  • Fact: Google controls 25% of global compute with 3.8M TPUs, 1.3M GPUs.
  • Ian: “Google has transformed into the company I wish Apple would be.” (17:42)
  • If forced to pick one stock for the next 10 years: “It’d be Google.”

• New “AI 8” vs. the MAG 7:

  • Who would you pick: the established Max 7 (Apple, Google, etc.) or IPO newcomers (SpaceX, Databricks, Anthropic, OpenAI, etc.)?
  • IPOs like SpaceX may debut at $1T+ valuations.
  • Dilemma: upside may be capped when buying IPOs at sky-high valuations.

Quote

• “The interesting part with OpenAI and Anthropic: they set up to be the Apple and Microsoft conversation all over again—enterprise vs. consumer.” – Ian (59:53)

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4. Investing in Cybersecurity in the Age of AI

[47:13 – 52:38]

• Despite disruption concerns, demand for cybersecurity only increases with advanced AI.
• Rashad: “You’re going to need a company that can do real-time, in-demand AI-driven protection, 24/7.” (48:03)
• Partnerships (e.g., CrowdStrike and Anthropic) will reinforce sector resilience.

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5. Real Estate Masterclass with Cedric Nash

[73:31 – 108:22]

• Broke College Student Mindset:

  • Frugality after graduation is a competitive advantage.
  • Cedric: “That mindset allows you to practice living below your means... continue that knowing you’re going to be rich.”

• Best Wealth-Building Real Estate Tactic:

  • Cedric would buy a 2-4 unit (duplex/4-plex) instead of a condo if starting over – live in one, rent the rest.
  • Multifamily lending terms often same as single-family, but better cash flow and wealth-building.

• Salon Suites as Real Estate Goldmine:

  • Cedric converts high-traffic commercial properties into salon suites—“even better than public storage.”
  • Valuable because of demand, easy marketing, and great per-foot margins.
  • “The target market is very narrow...they’re all on social media...so you can target ads.”

• Using HELOCs & Securities-Backed Loans:

  • Efficient wealth leverage for expanding real estate holdings.
  • Cautioned: only use HELOC or security lines for investments, not consumption.
  • Cedric: “Home equity line of credit is not to be played with... put it on something you know is going to win.” (90:04)
  • Explained how he negotiated better bank/lending terms, ultimately using his Merrill Lynch securities for a low-rate, low-fee construction loan.
  • Pro tip: Have the line open even if you don’t use it; credit availability rises as investments gain.

• Freedom Fund Concept:

  • Goal: “Build your freedom fund up to 25x your desired salary.”
  • Save/invest at least 25% (ideally 50%) of income.

• Investor Fatigue & How to Overcome:

  • Hold through the tough years and setbacks; real wealth compounds over time.
  • Find motivation in community, mentorship, and tangible progress.

• Turning Liabilities Into Assets:

  • Cedric monetizes his yacht with charters and leverages tax code for write-offs.
  • “Owning a boat is the worst investment, but if you structure it as business, you can offset nearly half the cost through deductions.” (105:24)

Notable Quotes

• “I like to balance my risk. I don’t like to be over my skis, so to speak.” – Cedric Nash (97:56)
• “Salon suites...I’m renting out for $36-48/sq ft and selling it for $120/sq ft. That difference is all margin.” (101:48)

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6. Actionable Advice for Future-Proofing

[79:40 – 82:29 / 83:59 – 89:55]

• Target degrees: Analytics, Data Science, Healthcare, Construction Management, Real Estate.
• Invest young, live frugally, save 25%+, buy multifamily, leverage assets, and don’t expect immediate results.
• “It’s all about mindset... you’ll never get a 10-bagger if you don’t hang in the market long enough.” – Cedric (88:45)

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Timestamps for Notable Segments

• **[22:10] Lessons from NVIDIA—Urgency & Success
• [31:17] Tech supply chain “lightbulb” moments from NVIDIA tour
• [38:02] Options - How to take profits & manage risk
• [48:03] Why cybersecurity needs are exploding with AI
• [73:31] Cedric Nash on frugality, millionaire mindset
• [83:59] Multifamily real estate & generational wealth
• [90:04] Leveraging HELOCs/security-backed loans for investments
• [101:48] Salon suites as a real estate business model
• [105:24] Monetizing “liabilities” (yacht example)
• [104:16] Follow and connect with Cedric Nash

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Memorable Quotes & Speaker Attribution

“The market doesn’t reward intelligence as much as it rewards discipline and passion.”
— Rashad, [13:04]

“We have four years until AI runs all inventions and innovations.”
— NVIDIA executive (via Ian), [27:12]

“Don’t sell the foundation. Please keep your base.”
— Rashad, [11:16]

“If you hold for a decade, you’ll be fine.”
— Ian Dunlap, [10:02]

“If you want to make $200,000 a year, you’re going to need about $5 million put away... That’s today.”
— Cedric Nash, [80:21]

“I bought Facebook for $64 a share... It’s close to $700. I’m not worried about a 10-15% dip.”
— Cedric Nash, [87:44]

“I like owning [salon studios] because it’s exactly the McDonald’s model—it’s really about the real estate.”
— Cedric Nash, [103:27]

“Owning a boat is the worst investment—but structure it as a business, and you can offset nearly half the cost through deductions.”
— Cedric Nash, [105:24]

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Final Takeaways

• Build & Keep Your Foundation:
  Long-term wealth comes from discipline—hold the best assets, layer risk thoughtfully, and don’t succumb to FOMO-driven trades.
• Rapid AI Evolution Means Focus:
  The tech landscape is changing fast. Stay educated, monitor shifting industry leaders, and beware of rapid valuation runups in new IPOs.
• Real Estate Is Still a Wealth Engine:
  Multifamily properties and niche commercial (e.g., salon suites) offer robust, actionable paths for wealth with scalable opportunity.
• Leverage Smartly:
  Use HELOCs and securities-backed loans only for investment—not consumption—and always secure the right terms.
• Mindset & Community Matter:
  Combat fatigue with a clear plan, stay frugal early, and plug into communities for support and accountability.
• “Freedom Fund” Goal:
  Build 25x your desired retirement salary—start with 25% savings, compounded over decades.
• Education Focus Areas:
  Majors in analytics/data science, healthcare, construction management, and real estate remain future-proof in an AI world.

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Connect with Cedric Nash:
@MillionaireMoneyMoves
Book: Why Should White Guys Have All the Wealth?
Upcoming: Black Wealth Summit, May 1st

Invest Fest & More Info:
Check EYL platforms for details on Invest Fest, Stock Club, and weekly Market Mondays content.

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End of Summary

Transcript

[A]

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[B]

In a world full of noise, long term thinking stands out. On the Capital Ideas podcast, Capital Group leaders explore the decisions that matter most in investing, leadership and life. It's a rare look inside a firm that's been helping people pursue their financial goals for more than 90 years. Listen to the Capital Ideas podcast from Capital Group published by Capital Client Group Inc.

[C]

For me, entrepreneurship has always been the way.

[D]

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

[C]

Market Monday is the biggest investment show ever.

[D]

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

[A]

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

[D]

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

[A]

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

[D]

Happy Monday. We back.

[A]

Oh, we are back in a major way.

[D]

Wish I was where y' all were. Shout out to Yomi Shout out to Ty Shout out to y'. All. I don't get FOMO too often, but yomi was texting me like, bro, why are you not here? I'm like, I don't know. I don't know.

[C]

Coincidence too. We didn't even. We didn't know that it was going to be out here but. Shout out to Mandy B. Oh man.

[A]

Ah, what a dinner we had.

[D]

Naomi only the family.

[C]

Her whole unit. Mandy never adult moment with man.

[D]

Super funny.

[A]

Listen man. Three hours of pure entertainment. Shout out to her. Shout out to everything she's got going on. She is one of a kind.

[D]

One of one, one of one.

[C]

That's a fact.

[D]

How y' all feeling, though?

[C]

Good, good, good. You know, back in Africa, it's a short run. We got a lot to do in a little bit of time, but we had to come out here, we got to check on Somber City and a few other things. So, man, you know, it's always good to be back in the motherland, you know, Ghana, it's always, always a one treatment whenever we come out here. So shout out to Alvin Kwame and the whole family. But, you know, had to get away from America just, just for a couple

[D]

days, just real quick.

[A]

Yeah, I mean, talk about a lot to do in a little bit of time. We got off the plane, straight to opportunity, left that opportunity. Went to go check on Somber City, left that opportunity, Another opportunity. Woke up this morning, another opportunity. So a lot is happening. I'm happy that we're here to embark in a lot of the new innovation that is going to take place here and being able to decipher the information, give it back to all y'. All. So shout out to the, to the, to the whole continent.

[D]

And for the record, they got off the plane and went right to the work, Unlike some influencers who get off the plane and go to the work. Stay focused on what matters. Take care.

[A]

Don't let that go over your head. Don't let that go over here, for the record.

[C]

So that's a fact. That's a fact. And then we got the other thing later on in the week, so we'll be. We report, let you know how that turns out.

[A]

Yeah, yeah.

[C]

Stay tuned, ladies and gentlemen. There's always. There's always something going on, but this week, big week, we got Blackout. We got, of course, we got a lot to have talk about, you know, third. Third assassination attempt, allegedly fake news. So we're gonna disgrace. Definitely gotta talk about that. We gotta talk about, you know, should you go public or a relationship breakup. Meg Thee Stallion and. And Klay Thompson. A lot of lessons in that for sure.

[D]

The legend Sniper.

[A]

I'm only. I'm the only one left, man.

[C]

We got some Ronald Reagan phone calls. We got a lot.

[D]

That's a lot going on, bro.

[C]

It's a lot going on. So make sure you tune in the Blackout at nine o' clock Eastern standard Time. There's gonna be a lot to talk about on Blackout. And then Thursday at 12 o', clock, Shamari James, dope individual. So he founded a. A charter school.

[D]

Oh, wow.

[C]

So he, he talks about that as far as he's an entrepreneur. So we talk about the entrepreneur path. But then we had a really good conversation on education, the financial model behind a school.

[D]

That's interesting. Okay.

[C]

Comparing charter schools versus public schools, educational differences.

[A]

And private. Private as well.

[C]

Every parent should, should listen to this episode. Highly educational from a financial standpoint. Like I said, he was an entrepreneur and then went to education. But he's on the business side of the education. But also from an educational standpoint as far as like the differences, opportunities that parents may not even be aware of, funding, curriculum, all types of stuff.

[A]

Yeah, we've been in this education bag, I mean, obviously from the start, but over the past couple weeks, shout out to everybody at Brooklyn Academy, Eagle Academy out in Brooklyn. We were there and got to see kids participating in financial education. They had Market Mondays on the screen. That's something that they watched as far as, I mean, it's incredible hearing Shamari talk about how they're incorporating financial education. And now I know there's a few states, New York is one of them. That way it's going to be mandated as part of the curriculum as going into 2029.

[D]

Thank God.

[A]

So you just do the work. You never know what the outcome is going to be. And we're starting to see the ramifications of it at the educational system, which makes me, as a former educated inside the school system, extremely, extremely happy about that.

[D]

You're still educating just at a higher

[A]

level inside the school system. Yeah,

[C]

yeah, yeah.

[A]

They like, you ain't no teacher no more. I'm like, nah. Yeah, I can switch the subject a little bit.

[C]

And shout out to the Buddy White project. We got. We getting honored at gala in Westchester on Friday. So salute to everybody that's involved with that and get your tickets if you're interested in going. I think it's 7:00 o' clock and Friday.

[A]

Yep.

[C]

On west in Westchester Manor. So shout out to the Buddy White Project. Thank you. Appreciate it.

[A]

Appreciate the love.

[C]

Ian, any. Any announcements?

[D]

Yeah, we had Stock club call yesterday. Absolutely amazing. Kudos to everyone who pulled up. We were on there for two hours. New look, new format, new time, new information. So once a month, the fourth Sunday of every month, Stock Club call. I appreciate you. Kudos to the new millionaires, the four new millionaires in Stock Club. I appreciate you. I'm super proud of you. Keep executing Hope for long term. The replay will be out at 10pm Central tonight. And if I've made you money, please put yes in chat. Love y' all dearly. And for the slides I didn't get to. I'm going to do a recording Saturday and drop them in a Telegram for you as well. So let's run it up. Oh, we're closing in on 400 millionaires made. We'll talk about. Well, let's do it now. 29 green jacket gang, shout out to Eyl, you and the Green Jacket Gang. So Red Panda Millionaires, Green Jacket Gang, shout out to everybody who's up a thousand percent. And Eylu, let's keep getting.

[C]

Well, let's show, let's show, let's show. Yeah, we can talk about eyou later. But yeah, we starting off with the futures trading tip of the week. So before we start, let's talk, let's show the screenshots from the, from Red Panda. As far as you know, I believe that there was a few people that reached that millionaire status. And any, anytime you get to become a millionaire, that's, that's a major accomplishment and never something that should be downplayed. So let's show the screenshots first, if we can, please. Okay. So you want to talk about that?

[D]

Yeah. Some people were asking, you know, which, which companies, what was the allocation? It's all things that we've talked about. Some people have started with 250, some started with a hundred. So it's not like they took 700,000 and turned it to a million, which will still be a feat. But many of the companies that we talked about on the show, Nvidia, Eli Lilly, amd, amd, Microsoft. But the key lesson is even if, let's say we have both of assets, the price which you buy them matters more than anything. So put yes in chat Stock club. If I told you at the top of the year how, how far Microsoft was going to fall, so buy in at a 38% discount makes a huge difference. There have been some who've been with us since 2020, so the returns there have just been absolutely amazing. And we've had the great fortune of some of these to go up a thousand, two thousand percent. And they're long term. And those returns have been absolutely amazing. So trader and investing has considerable risks. But if you hold for a long period of time, like even since we've been doing the show, six years kind of feels like two and a half, three. Like I was looking back at the market Mondays at the Apollo, I'm like,

[A]

that was five years ago.

[D]

Crazy time has gone by. So just hold for a decade and you'll be fine. So kudos to everyone who's become a millionaire. And if you want to do the same by holding for long term, go to Ian invest.com there you have it.

[C]

Salute to Red Panda.

[A]

A million. That's, that's a hell of a feat, bro.

[C]

You get your tickets to Invest Fest immediately and present and if you in Red Panda, check telegram for your code. Discount code for sure. Well, that leads us into the futures trading tip of the week. So what's the futures trading tip of the week?

[D]

I had an amazing conversation yesterday and the thing I want you to write down is trade the slowest asset first. This is a pair. Trade the second fastest and then the third. So for example, in indexes that would be the Es you want to trade first for a short target, then the Dow for a short target, then the NASDAQ often. And Troy, Rashad, I know you're getting this with sandisk and Micron they're like what's the next one? It's like, well, you got to build your base before you can have the Formula one car.

[A]

Stay right there. Just stay right, stay right in this pocket because this is important. I'm glad you said that. Keep your don't sell the foundation.

[C]

Yes.

[A]

So I got so many calls I'm let you finish because I'm glad you said that piece. Hey Troy, I'm about to sell my Nvidia so I can buy SanDisk. I'm about to sell my Nvidia so I can buy Micron. Don't sell the foundation. Please keep your base. Thank God man.

[D]

Thank you for saying and you're seeing it even in real estate. Rashad, I'll illustrate you. Rashad's going to keep his house in New York and the one in Ghana. It's not one or the other, it's a combination. Do two things, my boy. So you want to keep the foundation of a slow moving asset, S and P. Then the Dow, the NASDAQ. For the bond market it would be ZB first DNZN for a short target, then you be which is a faster moving asset. Oftentimes we want the fast moving asset, the hot girl, no pun intended. In a portfolio, when you need to go for safety, first a queen and then you can build upon that. So for my traders, if you're trading the asset class, trade the slowest moving version of it first. That's what even in two tech to index, I could have went for tech, but the drawdowns would be terrible. So vo, vti, pair those together. So in your trades you want to do es, do nasdaq, slow, secondary speed and then fastest third.

[A]

Yeah, I got one. And it, it kind of stays in that vein. But I thought about this, because a lot of I've been getting this question a lot. How are you doing this? How you guys doing this? Where you getting your information from? Are you talking to institutional investors?

[D]

No, we're just good.

[E]

Wait.

[A]

And I, I made me think of this and I said to myself, wait. The market doesn't reward intelligence as much as it rewards discipline and passion.

[D]

Absolutely right.

[A]

Because if you, if you watch Bloomberg, you watch cnbc, I mean, you have some really intelligent people who've been doing this for 34 years and can't compare to the returns that a lot of our communities have seen. Why? The discipline is there, right? The positioning is there and we have the fruition to see where the market's going to go. We're seeing what the next thing is. And so it's not what's the next company, it's what's the next subsector that's going to move, right? So when it was GPUs, we saw it. When it was memory, we saw it. Well, where's the next thing? So having that discipline, having the position, having the fruition to see what's going sometimes is better than just having the natural intelligence that these guys have spent 30, 40 years in their careers doing. Reading. Sometimes just having the discipline will pay off a lot more for your health.

[D]

And I'll say this too, and Rashad, you can also chime in on this because you're up a lot on that micron call. A lot of the people who are in the industry for a long period of time get incredibly lazy. We see it in media all the time. They'll come out, have a spark for a little bit, but you don't see them getting better over time. That's why I keep saying I'm like, read 50 pages a day. People always push back. But it's like if you focus on getting better at the craft and you're in the gym every day, the results are going to show up. There's a lot of people, no shade to them, who have been in financial news, but they are just going through the motions, reading off the prompter, and they're not in the game as much as they should be. And the results are shown like this show. Like, if you think about it, we all individually have called things that have went up a thousand to two thousand percent. That's an anomaly. It's an anomaly. So stay dedicated to the craft.

[A]

It's a very rare time that we're living in and part of it is the experience sometimes brings trauma. So when people are telling you they, hey, the memory sector is cyclical.

[D]

Cyclical.

[A]

A lot of people like, when was, when was it cyclical? Oh, in 1999-2001. And some of our viewers weren't born, all of us were in high school or middle school. And so we didn't get to live through that cycle. Right. Not that we should ignore it, but we're not going to have the same trepidation when it comes to saying, okay, well we're watching it like tell me this a year ago and I'm going to tell you, I hear what you're saying about the cyclical, but the way that this trade is moving and the way artificial intelligence is revolutionizing the entire market, I see this thing continuously going, so that's how a Micron runs up, that's how a western digital Seagate runs up or sandisk runs up. Because we weren't part of that cyclical rotation that they had experienced, which kind of probably led to a lot of fear when thinking about going back into those.

[D]

Absolutely.

[A]

Yeah.

[D]

Even for Nvidia. I was talking to Ish last night and the two other people, they were like, I remember when Nvidia was an inferior company to intel and amd, they weren't even thought of as being a top company in the chip space, let alone global market cap leaders. So like you said, you can't let that fear or past trauma stop you from investing in some of these companies just because they may have done terribly in 99, 2000, 2001.

[A]

I came to that conclusion because obviously we've seen intel finally passed its all time high 2000 last week. The question was kind of, hey, why not Intel? And I'm like, you know what, I

[D]

still don't like it.

[A]

I understand it. I understand the entire story. I know what their part, and more, more so than the GPUs and CPUs is the actual, you know, infrastructure that they're building to help Nvidia, which is one of their partners now. But a huge part of it is the government deciding that we're going to invest in you and push you and now partner you with other American great companies. Nvidia, Googles of the world. And so you've seen a return. Is it part of the portfolio? No. Did we watch it run up? Yes. Are we happy for people who invested in it?

[D]

Absolutely.

[A]

Congratulations.

[D]

Yeah, right.

[A]

You're not going to get them all, but when you understand your story, then you're convicted in it. And so if you, if you made that trade, congratulations.

[D]

And if you had the fortunate Experience to be at Nvidia with Rashad and I at Nvidia. You also heard what they thought about Nvidia as well.

[C]

Allegedly Intel.

[D]

Yeah.

[C]

Until. Yeah, he's definitely said he has some choice words to say about this from

[D]

somebody who've been in Nvidia for 20 something years.

[C]

That's a fact.

[A]

25.

[D]

Yeah.

[A]

And he done seen it all.

[C]

Definitely got some choice words. But let's talk about the investment fact of the week.

[D]

Google controls 25% of global compute, including 3.8 million TPUs and 1.3 million GPUs. I keep saying Google has transformed into the company that I wish Apple would be. For those of you who don't know what that means, that's a lot of processing power. They are positioning themselves incredibly well, especially as this open AI. Sam Altman Elon cases opening up today. I think it's interesting how Google is positioning themselves for the next five or ten years. And I think the agency war. Somebody asked me on stock club, if I had to just pick one stock for the next 10 years and I couldn't invest in any others, which one would it be? And I said it would be Google because even though I think Apple has a great chance to do something agentically, I don't think they'll move fast enough. I think at scale we'll get agentic innovation and installation from Google and Google Workspace. So I just thought it was fascinating to see that they have 3.8 million TPUs and 1.3 million GPUs as the investment factor of the week.

[A]

That is a great one. That's interesting. I thought you were going to say another company that we might have visited at the company for the next 10 years.

[D]

I love. I love them too.

[A]

Yeah.

[D]

Dearly

[A]

we should come back to this question. But yeah, I think a fact, and this is we've watched this happen. If you are into technicals and you've been watching the VIX and you've been seeing this movement to the downside.

[D]

Right.

[A]

We maybe three weeks ago we were sitting at 32, 33 and over the past week or so, definitely last week we were in the teens again down in it at one point got down

[D]

to 8, 1818 and some change. Yep, 1838.

[A]

It made me think of how we watch markets move and how it tries to wash out retail investors. And once those retail investors start selling their positions, institutions just come in and just buy everything at those low points. And so my fact of the week would be the same volatility that pushed you out the market is going to be the same volatility that pushes the market back up. Right. So when you're down at, when you're up at 32, 33, 37, right. That, that momentum that pushed you out, you thought you were going to get out. Remember on the reverse side, when it gets down to 18, you're going to start seeing those indexes move. And we've seen that, that microcosm of that fact in the past four weeks. Right. So from March 30th to present day, you're talking about the Nasdaq up almost 19% S&P 13%. Those are major moves for these indexes. So remember that that same volatility that was going to push you out, hopefully it doesn't, Is going to be the same one that pushes you forward.

[D]

And at Invest Fest last year, I gave you the key levels on the show. I told you, hey, we should start to slide back in three or four weeks. I made the prediction that the market would go back up in April. For those of you who may be a little bit trepidatious or you're saying, hey, it's your first time, we're giving you all of our life's work and a digestible format of 90 minutes for you to make all the money. The great part is Red Panda. And he, well, you, for any upside that they have, they keep all the money. They keep all the money. So just execute. Just execute. For those who like, hey, Red Panda is too expensive. Welcome to the free show. Just execute. The VIX is going to continue to slide down. Yeah, I'm happy you hear the like almost too much. I'm like, this is free. Just tune in. So I mean, we should get back maybe to 1673, which is great for the month of May and June. Like you said, just take advantage of staying it. And it's the other part about too much rotation. You're trying to trade your way into profit opposed to just holding great companies for a long period of time. Yeah.

[A]

And April, we've said this pretty much every month since the start of the show has been traditionally one of the best months to invest in from the history of the S P. But if we look over the past 20 years since, well, let's say 20 years since 2006, April has been great. But May's been pretty solid, too. May's been pretty solid. I think the S P has returned like 1.7%. You'll take that for a month. That's a solid month.

[D]

It's a good time, especially if you invested in February. Oh my God.

[A]

Which is the worst month

[C]

historically. So let's talk about. Okay. Nvidia visit. The biggest lesson and for people that may not be familiar, we did, we did a bundle offer for Black Friday which gave people access to EY University Red Panda Invest Fest VIP ticket for this year. And then also Capitol Hill tour where we did the Mastermind, spoke to members of Congress. And then also it was a private tour of Nvidia campus and we did two private tours of Nvidia campus because we had to break it up into the groups because you can only do a certain amount at a time.

[A]

So on top of Mastermind presentation, Ian Mastermind presentation, myself, that's why I said Mastermind. Yeah, like, I mean, we'll talk about that.

[C]

But so yeah, so a. I think, man, Congratulations everybody. Take advantage of it. Definitely deeply under, undervalued, underpriced because that price is not. It doesn't match, it doesn't match what was actually given. But kudos to everybody that took advantage of it. Nvidia definitely, definitely a lot to learn from. As far as everybody that was there, they were just saying how, how blown away they were. As far as. First of all, thank you to Nvidia for having the hospitality.

[A]

Absolutely.

[C]

Twice rolling out the red carpet for us and really just, you know, taking a whole day give, providing lunch, showing us, you know, the inner workings of the chip making facility, showing us what's coming next, having, you know, high level executives talk, having panel discussions for us, having a tour of the facility. You know, those guys are amazing. And they, they, they did it twice and you know, really speaks a lot to them because a lot of companies would not have taken the time to do that so let alone open that door. Kudos to everybody at Nvidia. Thank you. Appreciate it. And yeah, there's a lot of lessons. So what's the biggest lesson? For me, the biggest lesson was Ian once again, when, when we were in the. Because they split the groups up. So me and Ian was in a. Is was in one group and Troy and Mike was in another group. But when we were in the group and he said for years Jensen used to go into the corporate meetings and the first thing he told everybody was that we're 30 days from being bankrupt. And he said he doesn't say that anymore because if he says that now,

[D]

then start to run the world, oh, we in trouble.

[C]

The company's too big and you know, it'll have, you know, major impacts on the stocks and they'll, you know, but it wasn't necessarily that they were actually 30 days from bankruptcy, because they were. Even when he was saying this, they were still a huge company, a very important company. You know, he was probably a billionaire then, but the reason why he was saying it is because it has to be a certain level of sense of urgency at all times. And once you get complacent, then you start to fall apart. And that's been my mantra forever, is that. That's why I always say you gotta be paranoid. You gotta be paranoid as an entrepreneur. So to hear that just reinforced everything that I personally think, and it made me. I don't feel like. I never felt like I was crazy, but, you know, I feel. I feel more. More comfortable, even more comfortable, validated, because it's like he's the number one CEO of our generation.

[A]

And, hey, thank you for saying that.

[C]

And he's telling. He's telling the workforce that we're 30 days away from being bankrupt. That's how he's leading off the conversation. So when you're running your business, I think you should have that same level of urgency. And when you're. When you're running your life, I think you got to have that same level of urgency. You got to have that same level of paranoia. You got to push people not to the. Not to the breaking point, but you got to push them to the point they're performing at the highest potential that they have. You gotta. You gotta get the highest level of potential out of people, because just being on cruise control and just saying, okay, we're doing good, or, you know, we. We made a lot of money. That's not. That's not the winner. It's not the winner way. That's not the Kobe mentality. That's not the. That's not the Steve Jobs mentality. That's not the Jensen mentality. All of the greats throughout. Throughout history, that was never their. Their mentality.

[D]

Troy, what about you?

[A]

Well, I think you should go because you guys are in the same group. And then I'll go from. Because I think you're speaking about Rambo, who was giving a presentation. So, yeah, I'll let you go, and then I'll tell from my group's experience

[D]

to piggyback off that, the sense of urgency. And when we were leaving, I was talking to a gentleman. I won't say his name because I want to keep that private. But I saw.

[A]

I saw you talking. I saw you walking out with him. I saw you.

[D]

I was like. Because I'm like, okay, I'm Curious. I'm like, what do you think about the landscape? And he's just being very poignant and honest. And he said, we have four years until AI runs all inventions and innovations. And I said what? He said, four years. And it brought me back to what Magic was saying at Invest Fest. What Jack has said. Everyone's moving. I'm like, okay, so medical, animation, electronic, every field. We have four years left before humans run any invention or innovation. This a person who worked at Disney and Pixar. So when Pete. And he wasn't saying it to be exciting or to have a moment, he was just passing it along, like the sense of urgency that we all need to have and how much money we need to accumulate. Accumulate. And a certain time window was very interesting. And for a person to be working on the insides of those technologies and have the roadmap. And that's another key point being at a company like Nvidia, you get the roadmap into like 29 to 30 to see what's coming back to urgency. Rashad, it made me say, okay, let's speed a lot of these projects up. That whatever I have planned for two years from now, let's get it done in the next three months. What about you, Troy?

[A]

That's, that's great. You know what, I actually walked by as he said the two or three year thing to you, and I was like, all right, I knew it. I think you might have just told him at that point like, yo, it's crazy you said that. And then I kept walking. But I think for me, kind of in the realm of where you were going in terms of the speed of technology, it's just so, it's so rapid from a healthcare standpoint. Shout out to Brandon, who gave a crazy demonstration of how he was using an agent, like built an agent to help him in real estate. Within 10 minutes as we're sitting there, he's doing this. So the, the, the speed of the technology, the workplace, and I think a lot of the earners and the Red Panda family who was there with us, they looked at the workplace because, you know, one of the things we said was be very intentional about what you're seeing and what you're asking. Be very intentional about it. And so it is just kind of watched how this workspace was very open, it was kind of free flowing and everyone didn't really have a time as to when they were taking lunch. It was kind of when the job's done, the job's done. And that was one of the themes that we Spoke about the first time we were there. I think this is our third time now, going to the campus. So I kind of know my way around. It's like this running joke that we have with Jess and Tiffany and Pooja. And again, shout out to Lewis, who allowed us to be there. But at one point, it felt like, here comes. This felt like a school trip. And I felt like the educator, like, you know, you're the teacher in the room and you're listening to the community ask questions. And the level of questioning that they had tells me that they're actually starting to grasp some of this concept. It's not just, hey, these guys said, invest in Nvidia. It's not that these guys just said, hey, invest in tsm. When you're listening to Rambo speak. And he's asking, well, who manufactures for us? And everybody knows the answer, oh, that's a light bulb moment. When he shows you, hey, this is where a GPU actually goes in this, the rack. Oh, here comes a light bulb moment. Who's building those racks, right? He's telling you who's building the racks. He's saying, this is where memory is going to go, right? Here's where the memory components go, right? We actually got to touch the Rubin chip. We actually got to touch the Blackwell chip. Seeing that firsthand. But even to our last visit, when I was saying, listen very intently, when they were running comps in their, you know, their, their, their system, it was. They were running comps for gev, right? I'm like, okay, well, that tells us something. GV here last week, that tells us something. If you look how they performed since January, since that visit has been incredible. And so they talked about some processing, they talked about some infrastructure. They talked about, from a standpoint, I don't want to give everything away, but they talked about, even the liquid cooling partners were. If you were sitting there and writing notes and listening intently, those companies had all sounded familiar. In fact, a lot of the, the community was saying, we've heard this before. Oh, this is what it does. Oh, that what. That's what it does. And so those light bulb moments, especially in the world of education, when you see that coming from, like, I get, quote, unquote, students, but really peers. Yeah, we got this because not only do they understand it, they get it now. They see how practical and how tangible it is, but now they're so excited to go tell it to the next person. Like, well, that was one of the things. I can't wait. Go home and tell everybody what we just saw. And that is the part where learning doesn't stop in that moment. It continues on and it goes on into their communities. But now they say, okay, now we understand why we should be investing because this story isn't going anywhere. I think Rambo said this, he led with this question. He said, well, does anybody know what Nvidia does? And a lot of people said, you know, we were soft. They're a software company, they make GPUs. He said, you're all right. Here's what we are though. We're a platform.

[D]

Yeah.

[A]

And if you think of it like that and you look at how many companies are using that platform, how many companies are relying on that platform, and how dominant that platform is set up to be for the next five to ten years, it's no mistake why they crossed 5 trillion last week and they're going to continue to grow.

[C]

That's a fact. Okay, hit the like button and share. We also got the brother Cedric Nash coming in in a little bit. Salute to him.

[A]

Legend.

[C]

Okay, so let's talk about, let's talk about Sanders. So we showed the screenshot of the Red Panda new, the new Red Panda Millionaires, because there's several, there's a lot of Red Panda Millionaires. Actually. That's just the new, that's just the newest entries into the club. Congratulations. Now let's talk about SanDisk and let's talk about options, shall we? So we actually don't buy our phone call. We put this up. But can we, Mike, can we show this screenshot please? Okay. Congratulations. Those are all the members of the, what we call Green Jacket club. And those every, Everybody's out of ey university that has achieved 1000% rate of return or above or above on, on their option or just investment at all. But most like 80, 90 of those are options. There's a couple that's actually just from a stock investment.

[A]

Yeah.

[C]

But most of them are from option calls. So. And then I think five more people got at it since the time we posted.

[A]

Crazy, right? Obviously saying this ran up today. Micron's been running AMD had it hit its all time high on Friday. So you, you're starting to see all these percentages again. This is discipline because they could have sold a long time ago but they stayed. They, they held into some of these long term leaps and now they're reaping the benefits of it.

[C]

So okay, so the reason why we show that is for motivational purposes because it's like, you know, if, if one person can do it

[D]

I swear to God. Go ahead. And you doing so for motivational purposes. By. By the way, my.

[C]

If one person can do it, anybody can do it.

[A]

True.

[C]

But I do. I do want to start implementing, like, different things that we're actually doing, too, because I think it could be learning. So last week, myself, Troy, we went into a SanDisk call, and it's a weak call. I don't really like weak calls because I feel like it's very risky and anything can happen. Geopolitical risk, variety of different things that can happen. And, like, that's out of your control. That can make a stock go down. That's not necessarily a great indicator of, like, the stock being a weak stock, but it's like, you know, it could just happen. But, you know, we did that. We did the Sandesk.

[A]

No, tell them what happened. I had to call you and you told me no.

[D]

You're like, listen to me. Listen.

[A]

I think. No, I said it's important because. No, no, no, no, no. I'm saying it in this sense. What it does is it sharpens my. The iron. Right. Because I know when I call him and I tell him I know he's thinking no, but then I'm gonna tell him why, and then he's still going to say no. And then I'm say, look, here's what I'm really seeing as well. And then I'm like, what do you think? It makes sense. It makes. I don't know what that means, but

[D]

he just says it'll make even that, though. That's what a great investor should do. You should go in believing nothing about an asset, and then you should have to make your case. So when you're talking to your friends or your family, if they're giving you pushback on the idea, it means you have not explained it well enough, what the risk could be and what the reward could be.

[C]

Yeah, yeah, yeah, that's true. So the option expires next Monday. I think that's May 1st. Is that Monday?

[A]

Oh, May 1st. Is this Friday? May 8th is the Friday after.

[C]

No, no. So it expires may.

[A]

I think that you're in the May 8th.

[C]

No, I'm in the May 4th.

[A]

No, no, I can't be. It has to be a Friday.

[C]

I mean. No, I think it's the first. I want to say it's the first. No, it's the first. May 1st.

[A]

Okay, so Friday.

[D]

Yeah. All right.

[C]

So they expires on Friday. The earnings. The earnings is on Thursday. So we did it Thursday. SanDisk went up Friday, and then it went up today. So. All right, so I want to make this an interactive part of the show. So now that option call is up 91%. Roughly around 90% in two days. Yeah. Okay, so the first thing is, for you guys watching, I want to. Like I said, I want to make this interactive. We're up 90%, but then they report their earnings on Friday. So how I. In my brain, there's two ways how this can go is going up, because the anticipation is that it's going to blow out his earnings. And you ride this all the way to that moment right before earnings. Thursday, after close, maybe 100 turns to 150, 200%. Who knows? Well, before close Thursday. You sell on Thursday.

[A]

That's what they report after closing.

[C]

That's one thing. Another thing that you could do is, hey, look, I already doubled my money. Tomorrow, Tuesday, you sell. You can't get greedy. 100, 100. Three days ain't never been a bad deal, no matter how you look at it. Another thing is you could take it all the way to the. To the breaking point, all the way to Friday and say, look, earnings. They report earnings. If they. If they go up on earnings, then we're just gonna ride it out to the end. We're gonna get maximum. We're not going to leave nothing on the table. Out of those three options, what would you guys do?

[A]

You know, we should. Out of those three options, what do they think that you would do? And what do they think that Ian would do? What they think I would do.

[C]

What would you do?

[D]

What would you do, Ian, if you. Let's say you're. Eight contracts, I would probably take. And it's a great lesson. You have to know the exit before you start. As Clay did. You have to know the exit before you start. So if I had eight contracts, I would take out four at 100%, and then I will let the rest run, because you never want to be in. Even with earnest. A company can do incredibly well. And all the gains have been already taken to the upside. The stock slides down. So you can be in trouble. But in this case, I would probably split, get out at 100% and then let the other four run.

[C]

What if you have. What if you have one contract?

[D]

Oh, I'm taking 100% tomorrow. Yeah. I'm locking in profit. Walk away.

[A]

Yeah.

[C]

Okay. What are you going to do?

[A]

I think everybody probably knows what I'm going to do. And this is part. This is part of the conversation that we had. I said I called him like Yo, Shady, we got to start looking at how we can hedge this, how we can leverage it. And the reason I said that is because this is not our only sandisk call, right. Like we have calls out to 2028. Like I'm in a 2:30 call to 2028. So think about that, right? That's going to probably be my next thousand percenter.

[D]

Yeah.

[A]

And so, I mean, we're so far up on that that yes, we can keep that money growing over the long term or we could say, hey, is this worth an opportunity here on the short term? And for me, I'm thinking, and I've told him this personally, this story is not going anywhere. In fact, I saw it at 1100 by the summer. And the fact that it's like teetering at that number here now I had it at 1500 by the end of the year. It's teetering like toward that. Now here comes the run up, right? And so we got a few contracts here. I said, look, my, usually I would exactly what you said, Ian, if I got eight contracts, I'm selling four, I'm letting the profits run. In this case, I'm saying, okay, once I get my 100, I take the initial out and I'll let it run past earnings because couple of things that will, will determine that if it gets to 1100 by Thursday, then we're out. Right. But if it doesn't, right, because where can we go? If I said 1200, then you know, that's, that's $100 move. It's probably like another 8%. It's not worth the risk. Yeah, it's not worth the risk. But the, the, the key was leverage. And so I know he's in some strong micron calls that go out to like December of 28, 27. And I'm thinking to myself, well, you've been in those calls. That's a thousand percent. What if you can get 100% in the next three weeks, right? Now, if the stock turns on to the downside, let's say the one contract was $6,000 and you bought two and now you're down to 4,000 because the stock just pulled back $30 or something like that, right? The fact that you still have the leverage of having that, that late December call, you're going to, you can get that back, right? You can get that back over and over. And you can also say, all right, it pulled back. Here's another opportunity for me to get some more long term call dated options to actually get back the loss that you Potentially could have had on the short term. And so it's all leverage. It's not, hey, we don't have sandisk. We have to get in the sandisk. Let's do this earnings play. It's all right. We're leveraged here. We have stacked our SanDisk calls. I'm in the 230, I'm in the 300, I'm in the 500. I'm in a 620, I'm in a 700. I got this 900, and I think I'm a 940 out to somewhere. So, I mean, you can see that this is a company that I've been investing in for a while now. And most of y' all have been here since last. I'm not. I shouldn't even say a while. This has happened really, since November.

[D]

Yeah.

[A]

And the gains have been astronomical. And so can we make some short term here? We have, right. 90. So if you figure you put. If the contract was 6,000, you bought two of them, that's 12,000. You've made nearly 12,000 in two days by making one decision. One decision.

[D]

And the most important thing is to have your predetermined target. Like, for my futures traders as well, you have to know if you're gonna get out at 100%. Like, so for me, my NASDAQ target that I gave away at the mastermind, that's 260% return. My big target at 11 to 1, that's 1100. So you have to know before you get into the trade, what profit marks are you going to take off? So please write that down. Now, is it a hundred? Is it 200%? Because you don't want to be in between and be like, well, I'm up 250, but you should have exited already. And then earnest comes, it reverses your fate, and then you're upset. Have those predetermined numbers. And then you can know if I hit these numbers four or five times in a year, I can be done. So.

[A]

And those are the best phone calls. Those are the best phone calls. When you watch something go up 90, and I'm like, hey, what you gonna do?

[D]

Yeah, right.

[A]

You're making money now. What do you do? Like, I gotta call, hey, I'm up 90. What should I do? Like, you're up 90. Like, and that's why the market is so great. Where else could you make 90 of

[D]

your money and not have to talk to nobody?

[A]

Unless you want to just quietly just do it, move on with your day and go on to The. To the next opportunity.

[D]

Yeah, yeah.

[C]

Well, put in chat. Put in chat. What do you think? What's your thoughts on the situation?

[A]

Yeah, it's risky though. And I know. So the reason I'm going to call him is because risk is not in part of his nature, which is good, and riches really isn't mine. I'm always. And this is why, like people say, well, why didn't you put that in? I'm like, well, that's risky. And that's something that is kind of like, hey, we're leveraged here. And so there's an opportunity to make money. We're already in the long term. I always suggest people start with the foundation. Never sell your foundation, but build from it. And so the fact that we built the foundation, we have some stacks here. This is an opportunity for a company that again, I believe is going to blow out earnings Thursday. But it's a big week, right? Could, could what happens on Tuesday, on Wednesday with Microsoft and Google, could that affect the market for the next two or three days? We're going to see.

[D]

And it always bleeds over when you begin taking too much risk. It never stops. Like if you look at Sam Bankman Fried, had he not committed fraud, Sam would be arguably baby Buffett, given his investments into all of these startups. But he didn't get a chance to finish the race. Putting too much risk on a table, thinking you can get away with it. My dad used to always tell me as a kid, yo, a lie is only good till the truth shows up. And the truth is going to show up at a time when you don't want it to. Had he just been able to stay out of jail two more years, he'd be up what, 26 billion or some crazy number.

[A]

They had him at 114 billion.

[C]

Anthropic. No, he did a lot of 200

[A]

million in anthropic before anybody knew what it was.

[D]

Data bricks like bro.

[C]

So it wasn't his own personal money.

[D]

Right? Right.

[C]

But yeah, he made some.

[D]

He made, he made very good, great investments into it. But the risk tolerance. So when you say, yo, he. Rashad's anti risk as an investor. The first. Even when I like in that selection of Google over Nvidia or yvo, the first thought has to be, how can I mitigate all downside? That's the first, not how much can I get? Because if you take care of losing a lot, the upside is always going to be there. But this can go into perpetuity. It happened with Enron, it happened with Adolph, those characters. And now we're seeing in this case with Sam Altman, the character and risk taking bleeds into the return and valuations of the company.

[A]

Yeah. And notice, notice the allocation of contracts. It wasn't, hey, we're buying a hundred here. We're buying 50 here.

[D]

Yeah.

[A]

We're buying four, you're buying eight.

[D]

Yeah.

[A]

Right. Like this is, this is not, hey, let's put the house on this. This is not, we're not gambling it. We're saying, hey, we're leveraged here. Here's an opportunity.

[C]

And for people that's wondering what. So what I'm going to do, I'm definitely probably monitor the situation. Wean said that's something that you said you can Never lose profit 100%. What I do think I'm going to do is sell it on Thursday. Taking it to Friday is just too risky for me because we've seen a lot of times what's been happening with these earning reports and that the stock has been dropped. Even if we saw it happen with Micron, we saw happen with Nvidia twice. And it does expire. Now that I'm thinking about it, it expires on Friday and the earnings is Thursday after the bell.

[A]

Yep.

[C]

So holding it till Friday, that's really, really, really.

[D]

It can ruin the flight.

[A]

I'll do the, I'll do the opposite and we'll, we'll just, we'll report back.

[E]

Okay.

[D]

Yeah. Next month. It didn't stressful being at an event. You got to be present accepting award and you checking your phone or you in the bathroom. Hey, you ever been in a trade? You ever been in a flight?

[C]

Are you on a flight?

[D]

On a flight and you get smacked. And now you got to be social.

[A]

Now you got a text like what happened? Because some yo. What happened?

[D]

Old demeanor be mad. And then you got to wait till Monday to get back into a trade. Oh my God. Yeah.

[A]

Here's a disclaimer. Either way, I think we'll both be okay. Yeah. So if everybody will. I think we'll be okay either way.

[C]

Let's talk about cyber security, cyber security investing. We talk about cybersecurity a lot. And that's another call that we're in as far as crowdstrike. But cybersecurity, what is the deal with cybersecurity investing?

[D]

I got a great question from somebody who's been watching the show for five years. The affiliate shout out to you. Is it risky to invest in cybersecurity stocks? Giving the rise of anthropic and its capability to send shockwaves throughout that industry. I thought it was a great question.

[A]

Oh you want, are you going to answer? You want me to answer?

[D]

I want you to go first.

[A]

Is it wise too? I think people are looking at it the wrong way. I think most people would say based on what they saw me those or Mr. Do hey this is going to disrupt and cause great disrupt change inside of cybersecurity. I'm looking at it the opposite way. I think what it has done has accelerated the opportunity and the need case for cybersecurity because the more artificial intelligence we have, the more intelligent it becomes, the more floors it can find, the more that they're going to have to combat that. And so on a personal level it makes sense but on an enterprise level you're going to need a company that can do real time in demand AI driven protection and you're going to need that every second of every day because AI is working 24. 7 and so you're going to need your security to work 24 7. And so I think it actually accelerates. I know it feels away now because a lot of them are pulled back. Crowdstriker has, has kind of crawled back up a little bit here. Palo Alto Z scale all those companies, I think we're going to see them in the next five, two to three. I didn't even say five. How much in demand they're going to be because of the advancements in AI.

[D]

What is Rashad really quick? What if Anthropic becomes a cybersecurity company as an extensional arm, no pun intended of the business? Would you still feel the same? Rashad?

[C]

I think that there's definitely possibility that happening for sure but I think that there's going to be need for companies that specifically focus on just that. So you look at any industry, there's always companies that do two things and then there's companies that focus solely on that. I don't think a company that just has it as one of the things that it does is ever going to match the potentially a company that's just solely focused on it. There's always going to be industry leaders and some companies are just so focused on one thing. So cyber security, like you said, that's only going to increase. The need for cybersecurity is only going to increase from a government standpoint, from a private sector standpoint, a banking standpoint, financial standpoint, medical information standpoint, everything cyber security is just going, it's going to get bigger. So I think every that there's Enough room for everything. I don't think it's one company that just like. Even if. Even if they create their own arm, I think that there's still room for other companies. Right. Because the need. As technology increases, the need for cyber security is going to increase and it's going to be. More investment is going to be the point. Probably the government's going to have to have a whole division where they're actually just pumping money into these companies, dissimilar to the chips act, similar to other instruments that they've done in the past, I think, because it's a national security issue, too. So cyber. Cyber security is a national security issue. And the government cannot afford for their citizens to get scammed, but also for the government breaches, because if they're. If they're hacking one thing, they're hacking everything, and they can't afford. And they said, like, you know, the outside governments have tried to every. We went to Congress, the first time we went to Congress, they told me, like, every single day, said country attacks us and they know about it and the government knows about it. Yep.

[A]

And look at partnerships, too, Ian.

[D]

Before.

[A]

Before.

[D]

That's the point I was just going to make.

[A]

I'll let you go.

[D]

Even though I think Anthropic is going to disrupt a lot of industries, don't be surprised if CrowdStrike and Open Air. CrowdStrike and Anthropic make a partnership to patch whatever deficiencies that they may have. I know the stock has been beaten up for a little bit. They're slowly rising, but we're seeing, going back to Nvidia being a platform, they've really opened up a lot of communication across companies that normally wouldn't be there. I wouldn't be surprised if they partnered together to find a way to patch some of those issues, to not only grow revenue, but to bring legitimacy to CrowdStrike and to anthropic together. So, yeah, I wouldn't be worried.

[A]

They had. Well, Dara, the CEO of Anthropic, they announced partnership with CrowdStrike. In fact, he said that we're not here to replace it. We're actually here to enhance it.

[D]

Yeah.

[A]

So when. I mean, when you talk like that, it's okay. That makes sense. Yeah.

[D]

Now the mythos getting out and running rampant. That is scary. That is scary.

[A]

It's like one thing. There's a page I follow and it talks about this week in AI. It's a great page to follow. And it just. If you think about what that was just announced in one week, they Talked about the disruption that it was going to cause. And then the next week it was, hey, we found the open source code for it, and in one week span.

[D]

Yeah. And you got to be worried about corporate espionage.

[C]

That's a fact. That's a fact. Okay, let's talk about the top IPOs impact ranking.

[D]

Oh, I mean, I think it's pretty clear. Well, we'll see what happens with this OpenAI scenario, but anthropic databricks, SpaceX are all going to be incredible. My question is, I do want to ask, will the AI 8 replace the Max 7? Of course, Meta will be in there. Nvidia would be in there. But if you had to just start as a new investor in 2027, if you had a bucket of all the new IPOs versus the Max 7, which one would you deploy capital into first?

[C]

So who would be the AIA? Who's this?

[A]

If you got SpaceX.

[D]

SpaceX, Anthropic, OpenAI, Anderil, which I absolutely love.

[A]

Can I throw one in there? They just filed for ipot Cerebrus. So they're sleeper. Yeah. So this is in the semiconductor space. This is in the GPU CPU space. They actually filed for IPO a few years back and then didn't go through there. They just filed again today. The ipo I hate when they use, like the Nvidia competitor. Let's just say that it's a company in the semiconductor space.

[D]

Yeah, because Nvidia don't have a.

[A]

There's not competitor. So they were just. I'll throw that one in.

[D]

If you're early in your career and looking for insight, inspiration, and honest advice, listen to the Capital Ideas podcast. Hear from Capital Group professionals about leaning into the differences that make you unique, making decisions that last, and what it means to lead with purpose. The Capital Ideas podcast from Capital Group. Available wherever you listen. Published by Capital Client Group Inc. I sold my car in Carvana last night.

[B]

Well, that's cool.

[D]

No, you don't understand. It went perfectly. Real offer down to the penny. They're picking it up tomorrow. Nothing went wrong.

[B]

So what's the problem?

[D]

That is the problem. Nothing in my life goes to smoothing.

[E]

I'm waiting for the catch.

[B]

Maybe there's no catch.

[D]

That's exactly what a catch would want me to think.

[C]

Wow.

[B]

You need to relax.

[D]

I need to knock on wood. Do we have wood?

[C]

Is this table wood?

[B]

I think it's laminate.

[D]

Okay. Yeah, that's good. That's close enough.

[B]

Car selling without a catch. Sell your car today on Carvana. Pick up fees may apply.

[A]

Warning.

[E]

The following ZipRecruiter radio spot you are about to hear is going to be

[C]

filled with F words.

[B]

When you're hiring, we at ZipRecruiter know you can feel frustrated, forlorn, even, like your efforts are futile. And you can spend a fortune trying to find fabulous people, only to get flooded with candidates who are just fine. Fortunately, ZipRecruiter figured out how to fix all that. And right now you can try ZipRecruiter for free at ZipRecruiter.com Zip with ZipRecruiter you can forget your frustrations because we find the right people for your roles fast, which is our absolute favorite F word. In fact, four out of five employers who post on ZipRecruiter get a quality candidate within the first day.

[D]

Fantastic.

[B]

So whether you need to hire four, 40 or 400 people, get ready to meet first rate talent. Just go to ZipRecruiter.com Zip to try ZipRecruiter for free. Don't forget that's ZipRecruiter.com Zip finally, that's ZipRecruiter.Com Zip because it's going to be a large.

[A]

I think there it sounds scary now to say that a company that might IPO at 30 billion is small, but when you're talking about these companies that

[D]

we're speaking at one and two trillion.

[A]

Yeah, yeah, yeah.

[D]

Well let's, let's do those seven. Okay, so if you also.

[A]

What's the seven SpaceX data bricks.

[D]

Open AI.

[A]

Well, anthropic, anderil, what else did you have?

[D]

If it does, if it does.

[A]

And we'll put Cerebras in there.

[D]

That's a tough seven, yo. That's a tough seven. And the crazy part, Elon has allocation in both.

[A]

Yeah, would I, would, would you take the mat. I wouldn't take, I wouldn't take this over the max seven.

[C]

Really?

[D]

Tell me why.

[A]

Well, if I'm looking at SpaceX,

[D]

the

[A]

cost associated is really high for them. And so a lot of the money comes from Starlink because the space program is actually running on debt. It doesn't make a profit yet.

[D]

Not yet.

[A]

The satellite part of it is going to be important if we can figure out how to make that efficient enough to become a source of energy. And that's where our data centers will exist. But knowing that and knowing the company that is going to make the TPUs for that satellite is inside the Max 7, which is Google and anthropic and OpenAI are still using the gpus from either. And we should actually add broadcom into the Max 7 and maybe Tesla sits out for a little, just for a little bit. Just take a breather.

[D]

Yeah, take a little breather.

[A]

Quick substitute because somebody's gonna make, somebody is gonna make the GPUs for that agentic AI and for that large language model to actually function. So they don't function without Nvidia, they don't function without Broadcom, and they don't function without Google. So because of that the more they make then the more they'll have to benefit.

[D]

Anthropic and OpenAI, Starlink and Andero together. That's a tough four bro. And these are versus conversations we need to have. Go ahead Rachel.

[C]

It's also a different era of IPOs because we talk about trillion dollar IPOs now. Like potentially. So when Google or Apple or Nvidia or any of these companies ipo, nobody really even knew about these companies like that. Like you know, and they IPO'd and you know, they, their rise was happened over the course of time. Now these companies are famous and they're just as famous or more famous as some of the top companies in the world that's publicly traded now already. So when they IPO, like I said, they talk about rumors. SpaceX having a trillion dollar IPO off the gate. It took the whole entire history of the stock market for the first company to reach a trillion. Now they're going IPO at a trillion.

[D]

That's crazy.

[A]

So it's ridiculous.

[C]

The upside potential you gotta with that's be thought about as well. Like how far can it actually go

[D]

as far as pricing it? Yeah, yeah.

[C]

Because it's priced in so high already. It's not like you buy Apple 20 years ago.

[A]

Right.

[D]

But the interesting part with OpenAI and Anthropic, they're setting up to be the Apple and Microsoft conversation enterprise versus consumer all over again. I think there's really big upside for Anthropic, but it does matter where they price it at IPO and then how much it flies away because if it comes in at 350 and immediately goes to 600 in two months, then that's going to be a tough conversation.

[A]

SpaceX has a potential to IPO at nearly 2 trillion. Anthropic passed OpenAI last month. In terms of potential valuation they're at a trillion. Two months ago they were valued at 350 billion, two months later they're at a trillion. OpenAI is at 800 or 900 billion depending on where you look at for evaluation. Those companies would that if they IPO'd at those numbers they would be in the top 15 companies market cap off the rip.

[D]

Sam Altman, you better get every apology letter together. My boy uses that technology and hand right.

[A]

So I was. That's where I was gonna head to next. We have to well what's happening right in with Elon and Sam. The court proceedings started this week. That's a pretty big deal.

[D]

That's a big deal, bro. Yeah.

[A]

So Sandai is there as is there as well that the CEO of Microsoft because they have a 49 stake in OpenAI. Elon's argument is hey this was a non profit. What what happened that you converted and took their money and so what if the court rules in Elon's favor?

[D]

You better move out of the country.

[C]

Anything is possible. What's the. What's the best. What's the best utility stock pick.

[D]

That's a good one.

[A]

Let me look.

[D]

Troy, you can go first.

[A]

Let me see utilities. I'm gonna so out of xlu. Right. If we're talking and that's just the spider fund ETF for utilities. I like like a few GV I thought should have been in there. It isn't. I know Duke Energy is a solid one. NRG is a solid one. And so this is one of those sectors where rather than taking them individually, I'll take them all as one industry which is why I'm in xlu and I know a lot of people in the community are in XLU as well. I. I'd rather go that route because I know that energy is still going to be a huge story. In fact that was one of the keys that they said during our visit. None of this works without energy.

[D]

Right.

[A]

We have GPUs. We have it. We have the connectivity. The thing that we don't have that we absolutely need more of right now is energy. Yeah, I'm taking them as a cluster.

[D]

I like Duke at 1:1161 and then I like Nextera. If we get to let's say 82, 86. I like next year. Next year has been a stock club since 2021. So if I had to lean towards one I would do that. But like I said there's. There's a bunch of really good energy companies right now. And I was telling stock club it's only really three industries that matter. Tech, healthcare and energy. So if you picked out of those sectors there's so many good players now it's really hard to go wrong. But if I had to lean on one it would be next era though.

[C]

Flashback Monday. You wanna, you want to play your AMD clip?

[D]

Why not?

[C]

All right, let's play the AMD clip from 2020, shall we? Funny. And everybody wishes they would have brought Google, Amazon, Apple. Yeah, we can never predict the future. Never. But it's kind of like sports where, you know, you got Zion. Probably gonna be a whole thing.

[D]

You can see certain signs. Yeah.

[C]

Do you have any stock that's like not at that level yet, but you really think that has potential to kind of like be big in a few years?

[D]

I mean, AMD has held value very well. Nvidia has held value that they are microchip maker. So if you look at the ticker symbol a like Apple, Michael Douglas, Nvidia. Because it's all. They're always going to be tech related. You notice all the companies that we mentioned that have done well, taken off all in the tech sector. Yeah, I'm not the smartest guy, but retail gets hit hard. Retail has a cap of how high and how low to go. Tech does not even Tesla. Tesla is not a car company. Tesla is a technology company.

[A]

They just asked him to make the buildings.

[D]

Yes.

[C]

The only car company that didn't stop production.

[D]

Yes, it's a technology company. Elon Musk came from.

[C]

Okay,

[A]

man, we're in the green wall. Shout out to the dining room.

[D]

Shout out to the dining room. Classic, classic episode. That was before Market Mondays even took off. So in the same fashion in which I may have been critical of Tim Cook potentially leaving the mothership that is Apple. Just because I give a great assessment does not mean that I'm out of a stock. For the record, respectfully and humbly, I was one of the first people to say pair Nvidia and AMD together. I've had some Red Panda stock club members being it since 11. I personally been in there since 8. So I know there's a narrative going around it. I am anti amd. I'm just showing my intellectual prowess when investing in the stock. But before we had the first episode of Market Mondays I talked about amd. So just like I can do something stupid just because if I do something stupid and try to like, yo, why are you being dumb? It don't mean that he's out on me and Red Panda. He like in this moment quit being stupid. Same thing. So I just wanted to play that flashback moment for those of you who may not have think that I've talked about or called AMD and shout to in the court. One of the core things. 20 of the new millionaires in Red Panda have 250,000 positions like or up from AMD. So it's been in the pick of stock club for a long time. Put yes in chat if I made you money off amd, Respectfully.

[C]

Respectfully, of course, at all times. And I do want to show this too, because I spoke to Dave Shan speaking to amd, and I asked him if it was okay to show this. He said. He said, no problem. So let's show. Let's show this screenshot from. From Dave Shan, shall we? So, yeah, so shout out to the brother Dave stands. I thought that was good because he came on the show. So when people. If you remember, when Shands came on the. On the show, we talked about amd. So that was, you know, AMD option call. Troy's been talking about the options, AMD and all of that. And Shands, that was the first time I, I made. I did that for him actually in Houston, right? Yeah, because he didn't know how to.

[D]

He never.

[C]

He never made an option. He didn't know how to actually physically do it. So we was actually on the plane, we was get. We was online to get onto the plane, and he's like, yo, how do I do it? And I'm just like, yo, hey, give me your phone. And I actually, I actually like put it inside of his phone. So he's currently up 684.

[D]

Amazing.

[C]

He said, like, he said, if you see that screenshot, he said, I forgot to sell some amd. I'm glad I didn't laugh out loud. So he up almost 700. So he got his green jacket. He didn't get his green jacket. He got his jean jacket. He definitely got it. The jean jacket is 500.

[A]

So that, that actually came, that AMD call, interestingly enough, was a similar conversation. I got a phone call, yo, you believe in this thing? I'm believing it. It's going somewhere. And I think that's the, the beauty of this show, right? Like, no matter you say something, I say something. We don't agree, you're gonna hear perspectives and you can still decide. I think that actually makes it for a better listenership, right? Because you can hear two things and say, hey, you know what? Both of these things make sense. Let me make my own decision. That's literally how the Shands things happen. And just congrats him and the core day. So I can't take credit. My man Corey, shout out to our brother Corde. Corday came up with the jean jacket. He Came up with the jean jacket. He was super excited to call FaceTime me. Yo, I got a thousand percent on this one. This is crazy. I did that in, like, two weeks. But, yo, I got this other one that's running. It's like 500. I'm like, yo, bro, it ain't. That's not really the jacket. I know it ain't green, but at least can I get a jean?

[D]

That's funny.

[C]

Shout out to Corda. He coined the. He coined the jean jacket. But we gotta. You know, we gotta borrow that because that's. That's a good thing about the Chance thing is he's actually up because I put up the reason why I put him in that call, because I'm in that.

[A]

You in that call? Yeah.

[C]

And that AMD was down at that time, so I'm like, all right. You know, this opportunity for you to. So he's actually up more. I'm up, like 490. He's actually up more on that call because when I put him in it, I was already down. So he got it at a lower price point than I actually got it at. So shout out to friendship.

[A]

That's. That's real, right? So that's why I got the call. Yo, you. You were down. Do you still believe in this? Yes. Still believe in it. Shan's buys it. Well, you've seen a lot of that. And I'll just say this. There's nothing that makes me more excited, more. More like, happy than watching the team win.

[D]

Win.

[A]

So watching him go up a thousand percent. Yeah, I'm like, I watched my brother go up a thousand percent. Like, he's up a thousand percent. Like, three years ago, four years ago. We're just trying to figure this thing out. Like, he's. I told you, they banned him from using his computer. Like, he can't go on certain. Like, Yahoo finances.

[E]

Yeah.

[D]

Because he invested.

[A]

Made a thousand sitting at his desk at his school. That is like, hey, we did it. So when we're watching all these people making this money, new millionaires, new thousand percent. That's wealth. Wealth is being created, and it's really by one decision, man. So shout out to everybody, and I'll

[D]

say, whole stocks for a long. Like, this isn't. First take opinions in real life, opinions don't build equity and wealth at all. Notice, like, if I say, I love a stock long term, you, like, there's. Okay, a couple ways you can express it. Hold a stock long term. If you have enough capital, you can do warrants, you can do Two year options. You can trade the future in which the index is listed in. There's a bunch of ways you can express it, but having an opinion or clip culture not gonna make you no millions. Listening to me, will.

[C]

And the crazy thing about the Shan thing is when he came on that show, he was like, yo, should I sell? And it's like, nah, it's not time to sell yet.

[A]

Yeah.

[C]

And then a lot of people in the comments was like, yo, you tripping, bro. You should sell. He was up 250, 300. Now, you can never lose by taking profit, but now he's up almost 700%. And the only thing I was wrong about in that video was says Zion was a future hall of Famer. And at that point he was.

[D]

He was on.

[C]

He definitely had the potential to be a future hall of Famer.

[A]

He's not done yet. He's not done yet. Let's see.

[C]

It doesn't look like it doesn't.

[A]

I need him to get to Chicago. That's what we really.

[D]

I will say you made it for what you wouldn't be called. You called Wimby.

[C]

I did 100%. Shout out to my man Greg Barnett. Shout out to my man Greg Barnett. I hope you don't get mad at me saying this, but when he was like, yo, he ain't think when we was going to pan out. He's an NFL agent. I said, when we gonna be top 10 ever? He started laughing like 100, 100. Laugh out loud anytime. When we saw he. I sent it to him. Now he's like, yo, you was right. He was right, bro.

[A]

He still has some. Some stuff to prove.

[C]

No, no, Wimby is.

[A]

No, he has the potential to do it. I'm like, no, no, he has the potential. Look, I'm. I'm a die hard Bulls fan. I've seen potential, like gone.

[C]

He's on track.

[A]

He is. So was I.

[C]

Top 10.

[A]

So was my guy. MVP, youngest in the history of the NBA.

[D]

D. Rose is that dude y' all pools.

[A]

I'm not. I pray that he stays healthy because if he does, he's out of it

[D]

and going back to organization. Like character of organization, right? The Spurs, I have vest not saying that they didn't have vested interest in D. Rose.

[A]

I should have put that in your NBA conspiracies, man. Why I ain't do that? How they end up with the number one pick.

[C]

And I think. And I did call Mayor Mondani, who's becoming my. Who's becoming my favorite politician by the way.

[D]

Are you calling him?

[A]

No, no, no. He's saying. He called. Like he's saying that.

[D]

Oh, okay, okay.

[C]

Remember, remember early on in the primary but predictive market. We'll talk about it on blackout, because two weeks ago, we spoke about deep death, and a few days ago, he created the agency at Brooklyn bank, by the way.

[D]

Oh, really? Okay.

[A]

Press conference right there.

[C]

He created the agency for de first time ever. So that was. He's making. He's doing the right things.

[D]

He's doing the right thing. How the spurs got wimy or her? Chicago got D. Rose.

[A]

Yo, why are you bringing up old things, man? Let's just stick with the spurs, man.

[D]

Oh, okay. Cleveland getting Braun kind of interesting, too. I ain't gonna lie.

[A]

Cleveland got Braun, Kyrie, Anthony Bennett, and Andrew Wiggins. Like, what are we talking about?

[C]

But only two of them work, though.

[A]

Andrew Wiggins is a champion, just not with them.

[D]

Yeah, let's.

[C]

Let's bring the brother. Let's bring the brother Cedric Nash up, shall we?

[A]

He back there laughing already. What's good, man?

[D]

My brother, how you doing?

[E]

Hey, no complaints.

[C]

If you don't know Cedric Nash is. You must be living under a rock.

[A]

Apparently.

[C]

He definitely came up. Came on market Mondays last year. Lit it on fire. Invest Fest presentation. Crazy. Your booth at Invest Fest. Legendary.

[A]

Had the Lambo out there.

[E]

Yeah, tough.

[C]

Yeah, yeah, yeah, yeah.

[E]

Had to do something to get some attention, you know.

[D]

Well, you couldn't bring the boat, so you have to bring the Lambo, right?

[C]

So. So, man, serial entrepreneur. Somebody that's. That's been through everything. He's been. He's. He's very transparent. He's. He's transparent as far as having struggles in businesses and rebounding, getting a divorce, rebounding, rebranding. But, you know, somebody that. That's done at a very high level, like, very high level in business as far as, you know, multimillionaire and somebody that's been able to scale and somebody that's been able to do it in real estate and, you know, very. When he talks, he's able to articulate it to just. The average person can understand. And that's a skill set within itself because a lot of times people that's very high up in business, they. They can't communicate the same way that, you know, the regular person can actually process the information. So whenever we get the brother to come on, it's always a pleasure. So thank you for joining us.

[E]

Oh, thank you for having me. Appreciate this.

[C]

No, no problem. No problem. So, man, we got. We got a Lot of questions. So first we started off with, you know, the millionaire blueprint. And I want to talk to college students and that just the college, maybe people that just got out of college, because I know you, you know, you talk about what a broke college student mindset really means, right? And why it's important to keep that even, keep that, that level of hunger. So what is, what is a broke college student mindset? What does that mean? And what. And talk about that, you know, when

[E]

you go to college and you got to eat ramen noodles because you ain't got no money, you know, it's like that mindset, that frugal mindset is so valuable when you first come out of college because it allows you to practice living below your means. And so, you know, one of the things that, you know, when we go to college, we come out, we're excited about not being a broke college student. So we think of all the things that we can buy. But to be honest with you, that is the mindset that young college students need to have graduating. That's exactly the mindset I had when I came out of college. I was living on a very, very tight budget. I was saving everything I could. I wasn't investing much in the stock market at the time because I didn't start until a little bit later. But the point is, I was saving like crazy because I wanted to, you know, I wanted to kind of build wealth. I wanted to follow the footsteps of my millionaire mentors and I was saving money. I got married right out of college and I was saving. My ex wife was, you know, saving like crazy. That's probably why I didn't stay married, is because I was too intense about living on this budget and not spending much, much money. And I bought a condo right out of college. So that was, that's really that mindset that's just so key to young people. If they could start that way, man, when they come out of college, continue that knowing that they're going to be rich sometime, that's going to put them on the road way ahead of everybody else.

[A]

So part of what we're seeing and said, I want to get your opinion is if we look at the overall market, right, we talk about AI, we talk about a lot here on the show. We talk about how disruptive it's going to be. Obviously, you're an entrepreneur. You've navigated 30 years of business. How should people be looking at this market, right? Like, first is having the mindset of being frugal like that broke college student. But now going into a space where you might be walking out into the career field and there's nothing there for you, how should we be preparing our young adults, our young students, our children? Right, like you have children who are in this space to walk into this new job market.

[E]

Yep, that's a great question. I think the, you know, AI is going to change. You guys been reporting on this for years. It's going to shift, you know, the, the job landscape significantly. But the one thing that we all know that AI can't do is that it can't verify that the results are 100% right. So it's going to requ People that have, you know, analytics skills and data science skills and really industry knowledge. You know, for example, there are people who work in the medical field, so to speak, and they have industry, they know what the data means, you know, so, you know, AI and computers are just basically machines that process information based on how they're programmed. But they can't, you know, to this point, create meaning around that. And that's where the real opportunities are going to be. My degree is in computer science and I took AI back in the early 80s on a program called Lisp. But there wasn't processing speed, there wasn't enough data to basically leveraging it. Now I have a buddy whose son that wants to go to Howard and he's looking to major in computer science. He got accepted there. And I said, you might want to shift that really more to data science, more to, you know, something related around analytics. Because AI is programming better than the best coders out there, right? So there's no purpose in really having coders. You need people that can disseminate the data. In fact, that's exactly what my son is doing. He's going into medical informatics and getting a master's in that area. The other areas, like I said, is healthcare is going to be strong. AI is going to enable healthcare to another level. But you still need nurses, you still need caregivers, people in that space as well. Another thing that people don't think about is construction management. There's still going to be a need to construct and build things. AI is going to help in terms of project management and being able to predict when you can get things done. And also, you guys talk a lot about real estate. AI is not going to really. It's not going to buy an apartment building, so it's still going to take owners and people are going to still need a place to live. So there's a few things that people should kind of focus or look into, but they should really focus on the data side of things.

[D]

One of the things I get a lot of pushback on is when I tell people you got to take 25% or 50% of your money and put it away into the market. It's one thing we really have always connected on. Can you talk to the men about why that's important? Maybe taking a half a decade or a decade to do so?

[E]

Yeah, it's so huge that you know that 25%. I mean, here's the best, best way to describe it, Ian. If you put 10% of your income in the market and you, you put 10% of your market for a 43 year career, right now you basically have, you know, 10% times, you know, times a career of 43 years would probably have you at about four years in retirement, 4.3 years of retirement. Now you add compounding to it now maybe you got eight to 10 years. That's just not enough.

[D]

Yeah, right.

[E]

You need about 25 times your desired salary to have enough money to retire. Assuming you're going to use the 4% rule.

[D]

Okay, can you give that math again for those who didn't catch it?

[E]

So, yeah, 25 times your desired salary. Right. So for example, if you want to make $200,000 a year, you're going to need about $5 million put away. Because you take 4% of 5 million, that gets you 200,000. The interesting thing about that, Ian, is that's today. So if you're going to retire, right. 20 years from now. Right. The future value of $5 million today could be closer to seven, seven and a half million. Now a lot of people get afraid of those numbers. I know you guys have shared these numbers and people like, oh, it doesn't take all that. Yeah, you could back out some money. If Social Security is going to be there, you could back out some money if you have multi family properties, you could back out some money if you have a pension, which are quickly going away. But the reality is we're going to need real money to retire. And so putting 25% of your income away is just the start for these college grads. You could do it and not even feel it coming out of college. But when you talk to college grads, they're like, well, when I make more money, I'll save more money. But what happens when you make more money? You end up having more bills and you're not able to put that kind of money away. You really need to put that kind of money away. It's a serious thing.

[C]

So I want to ask you a question about real estate. But before, can you just list. This is important. You said the degrees that people need to be getting now. Yes, Just reiterate that.

[E]

Right, I would reiterate. It's analytics and data science. Right. So that's the study of data and how to process and manage and understand data. I think anything related to healthcare, the healthcare system. People are getting older. My dad is 94 years old on May 1, on Friday he turns 94 years old. He's in great health, he's still driving. So people are living longer and healthcare workers are in great demand. Something that AI can't do, you know, construction management and working in construction. These are people that help manage the construction of buildings, whether or not they're homes or whether or not they are new office buildings. You know, that's something that AI has a difficult time. And then real estate in general, in terms of real estate, you know, property management or real estate ownership or you know, syndications along those lines.

[C]

Those are just a few interesting you talking about real estate. Because I was actually just having this conversation with Troy the other day. As far as now when you. I think at a certain point the first thing you do is you gotta figure out how you're gonna make something out of your life. And then it's like how you, how you can scale that. Then you start to think about like, okay, like what do you. What's your children gonna be? Your children's not an asset. It's gonna be, it's gonna be a liability. So then it's like, okay, what, what viable business opportunities can you provide for your children? The children might not be able to do exactly what you're doing. They might not have the same skill set. It might be a brand that's actually, you know, forward facing. It's not every, every business is not meant to be. Just you just plug somebody else in.

[E]

Right?

[C]

So then, so I was telling like, yo, real estate might be the play. Because it's like at least you know, you always going to need real estate. You, you know, if you get something up and running is going. It's time consuming. Yep, idle time is a devil's workshop. It's time consuming. You give a kid right now, this is a pathway for you. You're going to learn about real estate now. You can, you know, flip homes do to do that. So from a legacy standpoint, that's something that's not talked about either as far as like, that's something that's Just a viable legacy passed down business that doesn't require any said skill set or doesn't require you to be a face of something. You'd be famous. So. So let's go into real estate. You talked about multifamily home investing as opposed to single and family investing. Why is that important for people to learn early on?

[E]

Yeah, especially for young people coming up. When I came out of college, I bought a condo. If I was to do it all over again, I would buy myself a duplex, a three plex or fourplex. I would rent out everything possible, including the spare bedroom in the apartment I lived in and lived rent free. It's important because now I'm not paying for my cost of living. Now I can save and invest more money. The other thing is that the valuation on multi families are higher than they are on single family homes. Yet the requirement to buy a 3 Plex or duplex or fourplex are the same exact lending requirements for buying a single family home. So you get a ledge up now. If I would have did it all over again, I wouldn't have bought that condo, which I did well with. I would have bought a fourplex and would have rented everything out. I think it's so, so important. You talk about generational wealth and passing it on. That's exactly my, my game plan. It's like I built up enough real estate to support my lifestyle in retirement, which is really coming in a few years, like about three years and seven months to be exact. So my sons that are in their 20s, I'm putting them in place now to manage my real estate. It's a perfect thing for them to learn. Like one has a degree in finance, the other one is in biology and analytics and the other one was in marketing. So I'm getting them involved now to build as a team so they can take it actually further. And you know, another thing that I've kind of embraced was the salon studios industry because I kind of like it better than residential business. You know, I like it better than commercial office space. And I'm using kind of the McDonald's model where I actually buy the locations, repurpose them out for salon studios with high traffic, high traffic, visibility. And you know, my sons are going to continue to kind of build that out across the country. That's, that's the game plan.

[A]

Says you've been doing this at a high level for a long time. So I want to talk about this idea and I don't think I've gotten it yet because being in the market excites me every day. Investor fatigue. Investor fatigue. Let's talk about that. Like, how does that. How does one develop that? I'm not interested in developing it, but I want to know how. How one develops and how do you overcome it?

[E]

I think it comes naturally. You guys have been investing for some time. There's a lot of people that follow you and a small number of people that follow me that when they. When they jump into it, when they buy their first four unit, they get, you know, they think like, oh, wow, I'm going to make all this money because I just did the numbers, and my mortgage is this and my income is this. And soon as they get in there, they find out that two tenants have made rent in a year. You get what I mean? Or that a tenant stops paying, and all of a sudden the bills and the expenses are coming and they've got to come out of their pocket and they got to deal with this. It's my experience that it takes about five to seven years, especially in real estate, for those rents to stabilize, for the building to stabilize. You know, there's like roof, roof issues, there's foundation issues. You, you know, issues with hot water heaters and heaters. It takes a while for them to stabilize. People get burned out because every dime they take in and some is going to basically keeping this property up and running until it smooths out. Like, you know, I bought properties in Jersey city back in 2000, 2003, it took me a while for those things to stabilize. Now they're stable in that they're actually paid for. At least two of them are paid for clear and free. So there is this thing called fatigue. And then when it comes to investing in the stock market, you know, if you were like us who got in early, I bought a whole lot of stock in 2007, 2008, when people are afraid of the market, right? So it rises 570%. And so I bought Facebook for 64 bucks a share. It's like close to 700. I'm not worried about it dipping 10, 15, 20%. You get what I'm saying?

[D]

So.

[E]

But a lot of people came in in 22, you know, in 2020. And so it's kind of hovering. So they feel like they get tired of basically hoping, right? It's just that fatigue that it's not working the way that Troy and Ian and. And Rashad said it is. For some reason, my gains aren't there because I'm still new to it and I'm going to give up. I just think that as influencers, we have to find a way to keep them encouraged and inspired. Because, you know, the real fruit comes from over the, over the time. Right.

[D]

It doesn't come immediately going to that. How do you keep the passion? And like, whenever we've talked about, like, it's like beams of light because you're radiating from the happiness of the returns. Troy, Rashad, the same myself. But if a person's in for the first year and they're like, well, I'm undecided, I don't want to hold for five years, how do I have fun? What do you say to them? How do you keep your joy for long periods of time, 5, 10 years at a time when you're waiting to hit this big end goal?

[E]

Yeah, it's all about mindset. When they go into it, they have to have the right mindset. They have to understand that it's going to take time for these assets to appreciate, time for you to catch these great markets. You know, a lot of people, you know, they've only seen a good market, right? Because from 2008 to 2026, the market's done nothing but rise. And this is just completely unrealistic. Right. It's just. You get what I mean? So they don't understand that. And so, and that's why being tied to EYL and to people who give authentic, real information is so important because that's what keeps them encouraged. Because you guys can tell them that, hey, this is a lull, you gotta ride through this. This is part of the process. You'll never get to the point where you get a 10 bagger or whatever if you don't hang in the market long enough. Right. And then the other part, for us as our community, we're still fairly new to this. So we're not experienced and, you know, we're not experienced to see how this, how this, how this experiment basically ends. But that's what. Having people like myself and other people that you guys bring on is so important so people can get a real live perspective of it.

[C]

Talk about HELOCs, security, back loans, like, you know, I know that that's part of your, your investment strategy as far as for real estate. But talk about that.

[E]

Yeah, I mean, these things are pretty powerful. You know, I did use a HELOC when I first bought my Jersey City properties. I built a house in California. California, when I was in my young 30s. I finished when I was 32. And the house, you know, I sold it later for over 2 million. Cost me 622,000 to build. My dad managed the construction. I know you guys are building a house too, so it's a great experience, you know. So I took a HELOC out of that house because it was the value blew up and that's why I bought my properties in Jersey City. And I always tell people, you know, home equity line of credit is not to be played with. With. If you take it out, it's got to be put on something that you know is going to win, right? You can't. Too many people and too often in our community you find people, they don't ever get their properties paid down because they take these loans out, but they're basically buying stuff that don't hold any value, right? So you've got to make sure you put it in good quality assets. I've known people who put them into their businesses and they've succeeded. Some put them into their businesses and they fail. You can never really know, but you've got to take that real serious. The security back line of credit I decided to use for my next Salon Studios project because the banks, I heard John o' Brien say this, that banks are the true gangsters, right? So the bank, the loans and the fees and the gamesmanship and how they don't want to take any risks at all. Banks take almost no risks at all, meaning that they always going to have it covered, right? I liken it to like playing chess. You never put your queen out there unless you got ways to go after their king or take their queen too. So, you know, when I was going to three banks and one of them which I actually deal with for my business and I had lines of credits with them, they wanted to loan against my securities and wanted to offer me a 8% interest rate. I was like, no, I'm not going to do that. Right? 100%. They didn't want to secure it against the property because they didn't want to do the construction loan. I went to another company that wanted to do a construction loan. They wanted to secure it against my office building, which I got like four more years and it's paid for, it's paid for in 2030. So they wanted me to take out a $2 million loan on my office building of which I only owe like maybe a couple hundred thousand on. I was like, I don't want to do that. I've worked hard to get this thing paid off. And they wanted to take a loan off an apartment building avenue in D.C. plus, you know, they wanted to take a loan out for about $8 million worth of property for a 4 or 5 million dollar loan. I was like, why can't you take out just enough of a lien to cover, you know, the loan? And they wouldn't do that. I rejected them and I went to another bank that gave me better interest rates, better terms. They still wanted to take it out of my office building. They wanted to borrow against my securities. In the end, I just went to my Merrill lynch broker and I basically said, hey, I'm going to take a securities back loan for this construction. And he says, okay, I love that we could do that. We just implement a new program. And guess what? Your interest rates are going to be 4.5% fix, right? the same time, zero fees. At the same time, you could have this money in a week.

[C]

Right?

[E]

So that's the, the process that I went through. The risk is.

[C]

And not to cut you off, because I think, I'm sorry, I want you to tell them the risk. But a lot of times, I think when we say stuff people don't fully appreciate, like, it's not just like we just saying random things, like, we just talked about this two weeks ago. You are somebody that's actually implemented it, and you're telling a real success story. So it's like the information that we're providing to people, don't take it for granted. Like, this is somebody that's highly successful, that is a millionaire, that's actually implemented the strategy that we just told you guys about two weeks ago. So tell them. Tell them about the risk.

[E]

Yeah, yeah. So the risk is there. You know, the risk is, I'll be honest with you, they're kind of minimal. Because what happens is this property that I purchased, I paid about 925,000 for the property, which it was worth already 2 million, and I had offers on it for 2 million. So the risk is if for some reason the project fails or I don't complete it, they take the potential cash, but I can always sell the property to get my money back. And since, you know, since the building two doors over, basically on a smaller piece of land sold for 3.5 million, it increased the value of my property to $5 million without me doing one single thing to it. Right. You know, you talk about you buy real estate, right? It was because it's a commercial piece of property. And the guy who bought the property two doors over wanted my property. He offered me 2 million for mine. I wasn't going to sell it. So he bought the property $2 over for 3.5 million, which happens to be a smaller piece of land. So it's somewhat risky, but it's not because I already own the property. And so I would always buy cash is covered by the asset. So once I'm done with the construction project, I'm going to get a loan from a bank for that project based on its valuation and its appraisal value. And then I'm going to pay back my securities fund. But the beautiful thing is my securities are still invested, so professional managers are managing that account. And there's a possibility that the market continues to run up. The amount of money they make is going to make that loan free.

[D]

Yeah.

[C]

And look at the amount of money. The amount of money real quick. Because this is important for people to understand. I encourage everybody to actually just do this, even if you're not taking any money out. Because once you open it, you open it and then they'll say, okay, this is how much money you have available. You don't have to take it.

[E]

Exactly.

[C]

And then as your stock portfolio goes up, the amount of money that you can take automatically goes up.

[E]

Yeah, exactly.

[C]

Like you said, it only takes a week. But in the ascent in, in, sometimes you need you. A deal comes to you and you need money right away. So just have this open because. Why not?

[D]

Why not?

[C]

It's just another option available to you. You don't take every single dollar like, you know, you, you take. Because if the market drops, then the amount of money that you could take drops too. But like you said, I mean, if done correctly, there's really no. There's really no downside to it.

[E]

There's no downside. The interesting thing is it costs you nothing.

[D]

You follow me?

[E]

It's like, even if you got a home line of credit, they're gonna want fees, bank fees, and like, this costs you nothing. Right. They will make that money available to you. And so people may wonder, well, how can they do it? And why is this able? Are they able to do it? It's because they're securing it across cold cash. You follow me? It's like that's the most secure kind of loan that the bank can take. If they take a loan off of your property or house, they got to sell it and hope they get the right value in the right market in order to pay themselves back. Right here, they're taking a loan off cash that they're holding and they've got invested themselves. So it's the most secure loan for the bank. And that's why the interest rates are the lowest. So they're giving me a 4.5% fixed loan for three years. Well, my construction period is 18 months. It's like 12 months to 18 months. It's perfect for construction loans. It's perfect for even flipping properties because it's a short term situation. Because trust me, I've been a hard money lender and I'm a real hard money lender. I'm plus I take out 12%, you know, annualized and. Right. And I'm only going to loan on, you know, loan to value of like 60% loan to value.

[D]

Right.

[E]

And I'm not giving money for, from, for fixing up. I'm only giving you base money, you know, so, you know, it's way cheaper than hard money loans. But it's very similar in a lot of ways.

[D]

I was just going to say versus they wanted to cross collateralize a bunch of assets. Yes. Like so to put the business up and then the building is not only the risk, but then the fee assessment that the bank is going to be predatory in a bunch of different ways. And that's why I say, I love that you guys have brought it up last week or two weeks ago, look how much less risk he faces. Even if something goes wrong now, they can't tie up all your properties.

[E]

Now the new loan, Ian, to your point, is tying up zero properties. No properties are tied up. Right. And I'm kind of like an old school kind of thinker, so I like to pay stuff off. And my office building is almost paid for. I'm in it right now and I'm like, I want the thing to be paid for in the, in the 25 year period of time that I got it. So when I'm all done in the next four years, I'm only going to have one loan. And so all my other properties, the profit from my other properties can service my new loan. In the event that I get into trouble, I like to, I like to balance my risk. I don't like to be over my skis, so to speak. So. And you're absolutely right. Collateralizing those properties, all the fees they wanted like about $69,000 in bank fees. One bank did, the other bank wanted 40,000 in bank fees just to do the loan.

[D]

That's crazy.

[E]

Just to do the loan. They want it like a point and a half right up front origination fee. And then they wanted to take out fees for all the legal work they gotta do in order to put liens on your property. So that's another way to incentivize you to build up your portfolio, keep that money going. I mean, put that money to work. I don't sell my stock, man. I just keep buying. Right. I just want that portfolio to continue to grow so that I can get a loan off of it if I need to.

[A]

Sergio, we last week we visited Nvidia and we watched a gentleman create an agent that helped him in the process of acquiring real estate. Obviously, you coming from a tech background, I wonder how much AI is being used from your part to source new opportunities for the portfolio. Figuring out the demographics of things that you're looking for, you know, distressed property. How much AI is being incorporated in that search process right now?

[E]

It hasn't been much, to be honest with you, but there are. I heard from your guy. I met Caleb Silver thanks to you guys, and he and I have become friends. There are conferences that are just designed around AI and the whole investment community. He shared that with me. I don't have the name. You guys could probably look it up or find out from him. So that is going to be the future. I mean, just think about it. I could do research better than any human can or anybody at, at, at Merrill lynch can potentially do so. And a lot of times, a lot of their decisions on. A lot of their decisions on what stocks to buy has a lot to do with historical performance based on different environments. It also has to do with an assessment of their management team. I mean, AI is going to change the space of investing like you wouldn't believe. It's just going to be interesting to see how that, that. How that unfolds.

[D]

Tell us what you love most about the salon suite model. I see a lot of people switching to that model, but what caught your interest in it and what benefits does it have over just doing purely commercial real estate?

[E]

Yo, I love it. That's a. That's a great question. Like, if you look at the traditional model, I mean, it's. I think it's the gift that keeps given. Because if you look at the traditional model of, of doing salon suites, people will rent a space, and they'll typically rent a space for about 36 to 48 bucks a square foot a year. So that's basically about $3 to $4 a square foot a month. Right. And so they'll rent it and then they'll basically put money into it to develop the property, which could be pretty expensive. Like, for example, solar will put probably about a million to a million and a half into building out somebody else's space. So the beautiful part is that when they lease it out to these young Ladies and young men, at 270 bucks a week, what they're actually getting is about 1300 bucks a square foot. 1300 bucks a month on a 10 by 10 piece of property. Right. When you figure that out, you're getting about $120 a square foot. So I'm renting out a piece of property for $36 to $48 a square foot and I'm selling it for 120 bucks a square foot.

[C]

Right.

[E]

That difference is their margin. Right. So my, you know, minus the cost of utilities in the whole nine yards, I mean, you can't make those kind of returns on real estate often. I mean, to be honest with you, it's even better than public storage. Because if you look at a 10 by 10 piece of public 10 by 20, what are you paying? You're paying 300 bucks a month, you know, for public storage of 10 by 20. Right. So on a 10 by 10 salon suite, you're paying 12 or $1,300 a month. It's just amazing. And at the same time, these ladies can make, you know, after two or three clients, they can cover their rent. So it's a great thing. The other piece I like about it is that the target market is very narrow. Meaning like they're all stylists or barbers or estheticians. They're all on social media. So. And they're all usually about a six mile radius from your location. So you guys know how you could do targeted ads? You could target ads to people in that industry and get directly to your target market, making them aware of your, of your, of what you have to offer. I think it's a great business model. So what we decided to do is that I'm buying, I've already bought a series of properties in high traffic areas because I want my brand to be, you know, visible. And I'm flipping medical office buildings. I bought a million dollar medical office building, 7,000 square feet, turning it into 35 salon studios down in Florida, you know, so I bought some other out parcel lots and strip malls that I'm building out. High traffic count, you know, so it's amazing and I think it's a great return on investment. I like owning them because it's exactly the McDonald's model. It's really about the real estate. It's not about really the, the hair industry.

[D]

That's brilliant.

[C]

Can you talk about the Freedom Fund? Like what, what, what is, what's that?

[E]

Yeah, what. I call it Freedom Fund. This is what I talk about in my Book. This is. It's your Freedom Fund because as you build it up, it buys your freedom. So I think that your Freedom fund is a combination of your 401k. It's a combination of your after tax investment accounts, whether it's a Roth or just a regular after tax account. And I think that we all should be working on our Freedom Fund, building that number up to about 25 times what our desired salary is.

[C]

No, I appreciate it, my brother. Well, Cedric, man, it's always an honor and a pleasure when you come on so much information. Please tell the people how to follow you on social media. Tell them about the book, tell them about anything that you got going on, please.

[E]

Okay. Yeah, you could follow me at Money at Millionaire Money Moves. I'm sorry, let me say that again. You could follow me at Millionaire Money Moves. My book is why should white guys have all the wealth? And I got the black Wealth Summit coming up. You know, I'm bringing some of the folks that have already graced the stage of Invest Fest. So I got John O' Brien, come in. I got Dr. Cheyenne Bryant coming. I got Dr. Jamal Bryant. This is gonna be the Bryant show. Happens May 1st. May 2nd, we got a free job fair for people who've been displaced. Sponsored by HBCU Connect. So come on out, come if you've been displaced. We got about 50 employers that are coming out there to consume, come see you and display some of their jobs that we have available. And we're going to talk about everything, money.

[D]

I have one more question for you before you leave. At what point in your wealth journey do you spend on a liability and turn it into an asset? So I know you have the boat, right? Traditionally, most people will look at that as a liability, but you have an interesting model for how you do that. Can you walk us through some of the costs of, of owning a boat, but also how you monetize that as well? Because I think you've done a great job at that.

[E]

Yeah, I can do that. But like I said, another recent podcast is owning a boat is the worst investment you could ever have. It's the worst, worst, worst. But I love it, right? Because I say, you know, the worst day on the, on the water is better than the best day at work, right? Because it's so relaxing. But let me tell you, it's the worst investment because if you were to graph it, it's like you got an investment that's going down in value, right? Constantly. Every year, the value of a boat goes down every year plus 10% of the cost of that boat is used. You have to pay in addition for maintenance. So now the curve just goes even, even further down. And the maintenance are, you know, you've got to store the boat. So most people pay a dock fee. That dock fee could be anywhere from about 3,000 to $5,000 a month just to store it in somebody's location. Then you basically have to paint the bottom of the boat. Every year you take the boat out of the water, they gotta sand it, clean it off, and paint the bottom of the, work the boat so they can maintain the integrity of the boat. You have to do that. Then you have a person washing your boat. I got a person who washes my boat twice a week. Then you got a person who washes the boat on the inside. Then you've got to get annual engine maintenance done to your boat. You know, that's about 10 grand. And my boat's just a 60 footer. I mean, if it was like 100 footer or more, it's like that much more. So I got ten grand a year that I have to pay in maintenance just to maintain the engine. Then I've got to cover the cost of maintaining the generator. You know, then I've got this thing called the seakeeper that keeps the boat on kill when you're going fast. That has to be maintained. Then you got your air conditioning. That has to be maintained. It's, it's constant. And you got to get it detailed, like about 7 or $8,000 if you get a detail twice a year. Then you got to deal with the teak. It's a constant, constant money pit. And I just think that it's not for the fainted heart. I do basically charter my boat. And the charters basically help balance some of those costs, depending on how often you do it. And my charter fees are a little on the high side because I usually want, you know, quality people on the boat not to damage it. And I bought it, it was only a year old. So, you know, I can. But, but the beautiful part is, and what you're talking about, Ian, is the write off, because the boat is. You can get, it does qualify for 179 tax code. 179 deduction as an equipment purchase. So if you create and put the boat into an llc, like I've created an LLC called Nash Yacht Charter. So my boat is owned by that charter company. I can take advantage of the 179 tax code, which makes it an equipment purchase. Like if you bought a car over £6,000 the beautiful thing about it is every year the amount of deduction goes up. So if you buy a boat over two million dollars, you can get a million dollar deduction, year one from that boat. And at the same time, you could write off all of your expenses. So really, what kind of happens is, you know, I pay, you know, I almost about paid about half for my boat because the amount of money I paid for it, I got a deduction for the other half. So there are some real opportunities in owning it.

[C]

Yeah, a whole lot of game. Good to know. All right, my brother. It's been real. We'll see. We'll see. We'll see you soon, man.

[D]

I appreciate you, my brother.

[C]

All right, There you have it.

[D]

Yeah. One of my favorite. A lot of game.

[C]

A whole lot, whole lot of game.

[A]

Yeah, that's an experienced season vet right there.

[D]

For sure.

[C]

For sure. All right, ladies and gentlemen, it's been educational.

[D]

You gotta take the money away, man. Put 25 to 50 away. I know it's tough, but then on a second half of life and when you're getting thousand percent returns here and there, becoming a millionaire, life is good. I promise you, life is good.

[C]

Could be worse. All right, Blackout. Stay tuned. We got a lot to talk about on Blackout. It's going to be a very spicy episode. Thursday we got the educational episode when it comes to running up, running a school, differences between private school and charter school and home school and public school and man, so much information when it comes to education and entrepreneurship as well. So tune in, tune in Wednesday, 9 o', clock, 12, Thursday at 12 o' clock and get your tickets to Invest Fest.

[A]

Amen.

[D]

Absolutely. Stock Club Replay will be out after this show. Love y'.

[C]

All.

[D]

Get your tickets to Red Panda. Don't wait till the last minute. Get your tickets to Invest Fest immediately.

[C]

And just know a lot of people, we ain't name the names yet, but a lot of people that you see highlighted that's been legendary conversation so far will be at Invest Fest.

[A]

There's a correlation there.

[C]

Connect the dots. All right, y'.

[D]

All.

[C]

It's been real. Peace. Love is love.

[D]

Peace.

[A]

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[D]

If you're early in your career and looking for insight, inspiration and honest advice. Listen to the Capital Ideas podcast. Hear from Capital Group professionals about leaning into the differences that make you unique, making decisions that last, and what it means to lead with purpose. The Capital Ideas Podcast from Capital Group. Available wherever you listen. Published by Capital Client Group, Inc.