MM #312: Trump’s China Trip Fallout, Too Late To Invest?, Tech Stocks Crash, & SpaceX Biggest IPO Ever?! 📉

Summary

Market Mondays #312: Trump’s China Trip Fallout, Too Late To Invest?, Tech Stocks Crash, & SpaceX Biggest IPO Ever?!

Podcast: Market Mondays (EYL Network)
Date: May 19, 2026
Hosts: Ian Dunlap, Troy Millings, Rashad “Shoddy” Bilal
Special Guest: Rosina (“The Biz Lawyer”)

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Episode Overview

This Market Mondays episode dives deep into the current state of the markets, investment psychology, major events like Trump’s trip to China, tech’s recent pullback, and the buzz around the upcoming SpaceX IPO. The team also covers the importance of long-term investing, AI’s impact on jobs and enterprise, and offers practical strategies for thriving in volatile times. Notably, there’s an insightful segment with trademark attorney Rosina on intellectual property for entrepreneurs.

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Key Discussion Points & Insights

1. Long-Term Investing vs. Trading Frenzy

• Foundational Advice: The hosts emphasize the importance of building a strong long-term portfolio before participating in trading, especially in an environment ripe with meme-stock speculation (08:33).
  • Quote: “You would never be an amazing trader if you don’t have a great long-term portfolio first.” — Shoddy (08:35)
• Risks of Overtrading: The allure of quick, large returns in options and futures often leads to “account blow-ups” for undisciplined traders (13:20).
  • “Those markets are designed to take money away from you if you overtrade.” — Ian Dunlap (09:10)
• Historical Market Context: In the last 15 years, only 2008, 2018, and 2022 ended down; the rest were positive—supporting the case for consistent, patient buy-and-hold strategies (24:58).

2. AI & The Rapid Shift in White-Collar Work

• Microsoft AI CEO predicts that white-collar work will be “fully automated by AI within 18 months” (14:37).
  • Quote: “We have to have some really tough conversations about what to do to sustain yourself once we get through that.” — Shoddy (15:00)
• AI Is Larger Than Just Semiconductors: Energy, infrastructure, and the entire economy are now entwined with the AI revolution (16:04, 16:35).
  • “Every piece of the economy is now part of that AI story.” — Troy (16:12)

3. Wellness, Discipline, and Optimization

• Personal Regimens: Rashad shares his new commitment to walking 10 miles daily, breaking it into manageable blocks while staying productive (17:59–21:00).
  • “There is an ideal physical fit measurement where you’re optimal... You have clarity.” — Ian Dunlap (23:21)
• Achieving highest productivity—mind, body, spirit—is viewed as essential for successful investing and entrepreneurship.

4. Tech Stock Pullback & Market Outlook

• Market Realism: No stock “goes up infinitely”; recent pullbacks in tech are framed as normal and sometimes healthy (51:33–52:41).
  • “Nothing is going to go up infinitely. So, for those in, there’s nothing to worry about.” — Shoddy (51:33)
• Data Points:
  • Despite noise, over the past month the NASDAQ is up 7%, and over the last five days it’s flat, indicating resilience (52:53).
  • Entry levels and patience are vital, especially as funds take profits and retail investors react emotionally.
  • The importance of asymmetric risk to reward and knowing generational “buy zones” (57:38).

5. Lightning Round: Tech Stocks & ETFs (59:56+)

SMH (Semiconductor ETF): “Love — hold for 5 years, no question.” (59:56)
Nvidia: “Hold for 20 years... the app store for all things AI... foundational” (60:21)
TSMC (TSM): “Home run... slowly going away from geopolitical risk.” (61:33)
ServiceNow: A promising agentic AI platform, perhaps a trade more than a long-term hold, but undervalued after recent declines. (62:22+)

6. Elon Musk vs. OpenAI Lawsuit Fallout

• Overview: Elon’s suit was dismissed for being filed too late, but his main goal was to damage OpenAI’s public perception.
• Impact: Altman (OpenAI CEO) has faced mounting negative press, while rivals like Anthropic and Gemini rise (32:09–39:35).
  • “Sam has done damage to Sam’s career that I don’t think he’ll ever recover from.” — Shoddy (34:37)

7. SpaceX IPO—Biggest in History?

• Team’s Unified Warning: Regardless of the hype, DO NOT buy into any IPO until at least six months post-launch to see how the company performs after the lockup period (93:23).
  • “You gotta wait six months... unless Jesus Christ comes back and IPOs something.” — Shoddy (93:24)
• Recount of recent IPOs tanking after retail hype.

8. Trump’s China Trip: Geopolitical Implications

• Summary of Outcome: Trump, visiting with U.S. CEOs, is implied to have conceded influence on Taiwan and acknowledged China’s rise. Uncertainty remains for U.S. companies in China, with attention on NVIDIA’s role. (87:26–91:29)
  • “It is what it is... It’s inevitable for the reunification of Taiwan.” — Ian Dunlap (89:07)

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Memorable Quotes

• Shoddy (08:33):
  “You would never be an amazing trader if you don’t have a great long-term portfolio first.”

• Troy (11:24):
  “Only thing we can’t control is the market itself. But what we can use to our advantage is time.”

• Ian Dunlap (09:10):
  “The options and futures market are put together... to take money away from you if you over trade.”

• Troy (16:12):
  “Every piece of the economy is now part of that AI story.”

• Shoddy (24:58):
  “I need you guys to realize that in modern history the only negative years we had in the market are 2008, 2018 and 2022 ... what are you so afraid of?”

• Shoddy (57:38):
  “Only need four stocks to get wealthy. Asymmetric risk to reward... Stop buying at the top, everything could be okay.”

• Ian Dunlap (93:24):
  “Unless Jesus Christ comes back and IPOs something, you gotta wait six months.”

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Timestamps of Important Segments

• Foundations of Wealth & Entrepreneurship: (01:00–06:44)
• Futures Trading Tip: (08:26)
• Long-Term Investing and the Market Cycle: (13:24–24:58)
• AI Disrupting Jobs and Energy Demand: (14:34–16:35)
• Personal Routines & Wellness Discussion: (17:19–24:31)
• Biggest Mistake Investors Make: (24:58–29:29)
• Tech Pullback & Market Health: (51:26–58:44)
• Lightning Round – Stocks & ETFs: (59:56–62:46)
• Elon vs. OpenAI Legal Battle: (30:33–39:35)
• SpaceX IPO Guidance: (93:07–96:55)
• Trump’s China Trip Analysis: (87:26–91:29)
• Trademark and Vendor Success (with The Biz Lawyer): (97:11–123:49)

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Rosina (“The Biz Lawyer”): Trademark & Vendor Marketplace Insights

Impact of Invest Fest:
“I have a team... every year we get to meet our clients in person... it’s just gives that person who’s sitting in the seat confidence because they’re seeing people that are our clients from previous years. So it’s been dope for us.” (99:17)

Trademark Advice:

• When to Secure IP:
  “Would you build a house on land you don’t own?... You need to secure the brand first.” (118:52)
• Classes:
  45 different trademark classes, with international filing considerations especially for manufacturing in China (116:33).
• AI for Contracts:
  “AI is still learning itself... You want a real attorney to protect your interests.” (114:23)

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Actionable Takeaways

• Build a long-term investment portfolio first, then trade.
• Don’t chase quick wins; seek asymmetric risk to reward.
• Time and patience are the greatest investing indicators—not technical tools.
• Approach hyped IPOs (like SpaceX) with caution: wait six months before investing.
• If investing in AI, look beyond “just chips”—consider energy, infrastructure, and applications.
• Entrepreneurs: Protect your brand and IP early; pick vendor spots wisely at events.
• Monitor geopolitical shifts—they will impact technology and investment opportunities.

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Closing Reminder

“Hold for the long term. Quit trading—well, not quit, but primarily hold for the long term.” — Shoddy (128:28)

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For deeper details on vendor opportunities, legal strategies for your business, and tactical investing moves, visit resources referenced by The Biz Lawyer at slayyourtrademark.com.

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This summary covers all major themes, strategic gems, and highlights moments essential for anyone serious about investing or entrepreneurship in today’s changing market.

Transcript

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[Ian Dunlap]

For me, entrepreneurship has always been the way.

[Shoddy]

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.

[Ian Dunlap]

Market Monday is the biggest investment show ever.

[Rosina (The Biz Lawyer)]

My life has literally changed since Washington eyl.

[Troy]

When you can make people money and you can add value, they're going to be forever indebted to you.

[Shoddy]

And I promise you this year, make all even more money. Yo, hop on the beach. Happy Monday.

[Ian Dunlap]

Hello.

[Troy]

And just like that, we leave. Oh man, I was waiting for this. Let me just get this disclaimer out the way since it wasn't there. All right, you know how this works. Welcome.

[Shoddy]

Welcome back.

[Troy]

Welcome back. Everybody gather in. Shout out to everybody that's here with us and knows listen to us. We appreciate you. Y' all know how this works through your own research. Our content is intended to be used and must be used for informational purposes only. It is 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 continue to do the research. Let's build our knowledge, our community and our brokerage accounts. Love is love. Welcome back. How y' all feeling? How y' all feeling? Shebang.

[Shoddy]

Shebang. Shebang. Happy Monday. Shoddy. How you feeling?

[Ian Dunlap]

I'm good. I'm good, man. How you feeling? What's going on?

[Shoddy]

God is good. God is great. Happy to be here. Happy Monday. Shout out to Everybody who investing Everybody who trading Shout out to my Toronto folk Shout out to y' all where she.

[Troy]

Yeah,

[Shoddy]

Yeah.

[Troy]

Charlie, what's good, man?

[Ian Dunlap]

It's all good, man. Happy belated birthday to my sister. Birthday was over the weekend.

[Troy]

Absolutely.

[Ian Dunlap]

We got a big week for Earn your leisure. We got Blackout this Wednesday. We got the brother Godfrey coming on, waiting a minute for him to come on. That's gonna be a good one. He's doing his numbers, doing his thing. And then Thursday at 12 o' clock, we got the king of content himself, Country Wayne.

[Shoddy]

That's one. That's another. That's gonna be one of the ones.

[Troy]

Yeah, that's another one.

[Ian Dunlap]

Yeah.

[Troy]

That's another one.

[Shoddy]

Yeah.

[Ian Dunlap]

You know, he's multi. Every single month, Facebook and YouTube and, you know, like I said, man, putting out 20,000 pieces of content on a monthly basis. The king of content, there's no.

[Troy]

No mistake in that. He is a disruptor at the highest level when it comes to what media looks like for linear television to streaming. Like this dude is tough to even compete with. So they better just figure out how to communicate effectively with them and cooperate.

[Shoddy]

Yeah, immediately. Yep.

[Troy]

He's one. He's one.

[Ian Dunlap]

Yeah, yeah, yeah. He's, he's, he's, he's number one. He's the number one person on Facebook, literally. So it's a lot. He got a lot of game. And then of course, he's funny as well, but, man, check that out. That's, that's a lot of game. Had a great conversation with him. So that's at 12 o' clock Eastern Standard Time on YouTube. So we back at it, man. New week, new content. Let's do it. Let's keep hope alive.

[Shoddy]

When you guys were finished with that interview real quick, did it give you some ideas of what to do for the remainder of the year in 2027 to do differently or are you going to keep the same approach? Post the interview?

[Ian Dunlap]

You always got to come up with new ideas every time you speak to somebody, especially somebody that got that level of success. So, yeah, definitely. I mean, the first thing I did was, you know, once again calling Facebook because we still have issues monetizing on Facebook. So that was, That's a major problem. So first trying to figure that out. But yeah, he's definitely a very insightful person. So how he. I craft the content, you know, the whole, you know, creative process that he goes through, very, very, very, very, you know, strategic about how he does everything. So, yeah, you don't get that far by accident. So he's he's like the new. He's like the new Tyler Perry in a sense of like, you know, didn't go mainstream, didn't go Hollywood. Created it online, you know, with dedicated fans, people that, you know, watch every. Every time he. He drops an episode. And it's an ongoing soap opera, really. It's a soap opera that never really ends in revolving cast. So, yeah, yeah, you gotta learn. You gotta learn from everybody for sure.

[Troy]

When we pulled up to do the interview, this is. This is pretty amazing. We watched him, like standing in the street on his phone, like, talking into the phone, and I'm thinking, he's taking a meeting, right? The whole time he's like, nah, I just created a whole new script. Like, his creativity and his execution is different level. He's like, I could think of stories all day, and so I'm creating stories all day. I think the most impressive part and what we can really appreciate is the systems that he has. He's like, look, we're putting out this much content a day heard every day. And I'm always thinking of ideas. In fact, after I leave here, I'm gonna create something else. We almost create something. Y' all watch it. Y' all watch. I ain't gonna get too much. Y' all watch. Y' all watch. Yeah, Y' all watch.

[Shoddy]

I haven't seen an interview personally, but the. The funny thing is, the day that you guys told me that you was doing an interview, my dad brought him up to me. Same thing about infinite scale. I promise you, this is going to be one of the ones that you're going to take probably five pages of notes on. If you're a content creator, please tune in. That's going to be a great one.

[Troy]

Absolutely appreciate that.

[Ian Dunlap]

Yeah. Yes, sir. Okay.

[Troy]

Oh, real quick, real quick. Shout out to everybody that pulled up Thursday. We appreciate all y'. All. It was jam packed. We ran a little overtime, but y' all didn't waiver. Y' all stood there, y' all took notes, and even better, y executed on the information the next day. There was a nice pullback on Friday. So shout out to everybody in Eyu. Shout out to the Red Panda family. They was in there too, man. So shout out to everybody that that took notes and executed. Love is love.

[Ian Dunlap]

Okay, Ian, any announcements?

[Shoddy]

Yeah, following up, Red Panda stock club call will be this Sunday, May 24th at 4pm Central. If I made you money, please put yes in chat. One of the Red Panda millionaires is going to be in there. And then Wednesday on Blackout, I announced a special guest who we have on their as well. Shout out to Overcast, make them pay. Shout out to the boys. Shout out to Baca Amazing rollout. Shout out to Maul everybody who was up there, Daniel. And then also I will be at Dave Shand's podcast. Summit is going to be the first time that I break down some of my thoughts on how to make money in media, how to build an amazing community at a higher tier. So get your tickets to that and let's have an amazing show. It's a lot to talk about in today's market.

[Ian Dunlap]

Yeah, that's a fact. So what's the futures trading tip of the week?

[Shoddy]

We were just talking about this off camera but please write this down. You would never be an amazing trader if you don't have a great long term portfolio first. We are back in a trading psychosis, a meme stock era where everyone is just trading away. And the thing that I'm seeing is those that are doing incredibly well in futures trading have the pressure off of them because the long term base is taken care of first. A lot of you keep saying hey, I want to trade my way to freedom. I'm going to be honest with you. The options and futures market are put together. Those markets are designed to take money away from you if you over trade. Even to this day I'm still looking at four to six maximum per week. Some of you are trading every day, some of you are doing options 0day and futures intraday that expire same day. Mustache. In order to be a great futures trader you have to have a long term portfolio working for you. So you're not forcing a move, you're not forcing a trade that's not there. You're not trading past prime time. And if you don't do that, you will never make the money that you want to make. Like even for example the target that I gave away at the mastermind, 523 points on NASDAQ and Dow 20 contracts is 52,300. But I know some of you who have lost 20 and 30 grand in the market trying to force a move that wasn't there and you missed a buy in opportunity for some companies long term once again, long term portfolio first then trading. If you tell me well I don't have the money for long term investing, you should not be trading anyway if that's the case. Build a business, find a way to be an affiliate, find a way to get money in to take care of the long term first. But if you are trading first, you're Going to end up in financial ruin.

[Troy]

Yeah, yeah, I'm with you. I think people skip over that, they gloss over it. But the foundation part is, is the most important. Everything you compare it to anything you compare it to the home building process. You can build it to talk about your relationship. It has to be built on a foundation and that's the long term portfolio. What does that look like? From there you can choose what you're going to do options or futures contracts on. It has to the other way is going to lead to some dangerous returns for you. And it's interesting the more I think about it and even you know, Thursday we had gentleman from Charles Schwab on who's been an institutional brokerage obviously been working with him for over 20 years. He said, you know the smartest thing you guys are learning Buy time. Buy time. It's the number one asset.

[Shoddy]

Everything.

[Troy]

It's the number one asset. And so we always talk about buying time because the one thing we can't control is, is the market itself. We can't control volatility, but what we can use to our advantage is the time letting contracts have volatility. Let them come back, let them have appreciation. Let it be a little volatile, let it have more appreciation. All that happens when you buy time. You're buying zero day contracts.

[Shoddy]

Good luck, you're going time is against

[Troy]

you once you buy it. That data that time decay is working against you the second that you buy it. And if you're in the day one that's expedited even faster. You're not thinking about that. Most people are saying like you said, it feels like a meme error in a sense that people are just making trades on speculation. But there really isn't one company specifically. Right. That's what, that's the way it's like. Like when we knew it was GameStop or we knew it was Bed Bath and Beyond. This feels like very different because they're just or hertz.

[Shoddy]

Yeah, it's everything into every sector. Yeah.

[Troy]

Yo, I saw this on Trends and I think it's gonna work. I saw this on YouTube. I think it's gonna work. I, I saw it on Instagram and it, it came up in my feed five times. This must be something.

[Shoddy]

Yeah.

[Troy]

Do the research. That's part of the disclaimer. Please do that.

[Shoddy]

Then people, people hit me. This Bill Ackman bought Microsoft. It took Bill Ackman for, for you to now want to buy Microsoft. I've been talking about it for 12 years. The number one indicator that works 100% of the time is holding for a 10 to 20 year period. That has to be the foundation. And and I'll ask everyone tonight would your life have been different if your parents or grandparents knew in 19, 70, 80, 90 and 2000 to buy stocks for you and hold them for a long period of time? I know you're racing against the clock. The brokerages also know that you're racing against the clock and you are the liquidity. Please take care of the long term first and then go to trading.

[Ian Dunlap]

That's a fact.

[Shoddy]

Okay imagine, imagine if y' all would like traded date Invest Fest Year 1, Year 2 what a mistake that would have been amazing lineup about it. When that came I was like we talk about it but but think about that. Any asset that's worth holding is worth holding for 20 years. And I had a conversation with someone this weekend. I asked him, he was he's right hand to David Tepper. I said why do you think most people don't hold for 20 years, 30 years? He said it's because they don't love their family who they had kids with. When you love your family, you're going to hold these assets for a long period of time. Those who don't love their family usually don't. It goes back to the post Rashad that you made last week about the kid who was proud of being a Churchill. Now we can talk about the racism in court, elements of it that may feel a certain way. But the truth is if you love your family you got to hold these assets for a long period of time. Yo, so I'm here to be villain today and tell you the truth. Hold for a long period of term, long period of time and stop trying to trade your way to freedom in a one to two week period.

[Ian Dunlap]

What's the investment factor of the week?

[Shoddy]

Man, I, I love this 1. Microsoft AR CEO Mustafa Solomon predicts that white collar work will be fully automated by AI within 18 months. It reminds me of the conversation that we were having when we left Nvidia and the thing sometimes when things I may say something, it may come off as salacious, but I think if Microsoft CEO is saying it. Ken Griffin of Citadel said he was shocked at how well even in the finance space, how well the AI is doing. I think we have to have some really tough conversations about what to do to be able to sustain yourself once we get through that 18 to 24 month period because it's going to be pure chaos. Meta is reportedly going to let off 7,000 jobs. Kudos to everyone at HQ or any offices around the world and those who can be affected. For everyone who keeps saying, well, no, it won't affect my industry, the people that we're. No, they're inside of the biggest companies on Earth. They are terrified. So the investment factor of the week is it may not be two years, it'll probably be 18 months according to the Microsoft CEO. Get prepared, get your tickets to Invest Fest and start to build systems, processes and agents that can automate the work for you that will allow you to get three or four years of revenue into the business inside of 18 months.

[Troy]

Yeah, I'll stay in that theme with the fact that I'll say that and it should feel like this, but I want people to really bunker down and realize the AI story is more than semiconductors. I think when people think AI, they think, oh, that's what Nvidia does, or that's what OpenAI is, or that's what anthropic is. And it's so much more. There's infrastructure, but even more importantly, it's energy too. Every piece of the economy is now part of that AI story. Right? Like we saw Next Era and Dominion Energy combined today. Like that's not something that we should just sneeze at. Why are they doing that? Because they know that COMPUTE is going to be in demand, which means energy is going to be in demand, which means what is our grid going to look like? We can go at this individually or we can come together and say, hey, we're going to need some more gigawatts. How are we going to do this as a conglomerate rather than individually? Which is a good sign that companies at that size are working together because they understand what is ahead of us. So understanding that story and realizing like there's so many different parts to it other than just a gpu, vitally important, you got to understand that. And there's opportunity to invest. So you got to know that as well.

[Shoddy]

Rashad, can I ask you a question? What time you get up and start working today? I'm going to tell you all a personal secret. Our group chat been dead today. Last two days quiet. If you would have looked in our group chat, you would have thought like we was beef. It was so quiet. Why we all keep talking to people who have amassed a net worth way higher than ours that are working like destruction is coming in two years. What time you get up and start working today?

[Ian Dunlap]

Well, I did. I did. Funny you asked me. I did 10 miles today. This is I'm start. I just started that

[Troy]

today.

[Ian Dunlap]

Was my 10 mile journey. So I was actually, I was gonna talk about this on Blackout. We could talk about it now because it is, it is relevant to business. So I was speaking to Sean, shout out to Sean. And he lost, he lost a lot of weight for his show. And he was saying that how he lost weight was that he would, he had an apartment in Brooklyn that he was staying at. He would walk to Manhattan every single day. And long story short, he was telling me he walked 10 miles every day. Seven days a week, he walked 10, 10 miles. So I started to do the chat, GBT and research and I realized that 10 miles average around three, three hours. Takes about three hours to walk 10 miles.

[Troy]

Yeah.

[Ian Dunlap]

So I'm like, I'm gonna start walking 10 miles a day. But I'm like, so today was the first day I walked 10 miles. So how I did it, I broke it up. So I'm usually up around 6:00', clock, 6:30. And I've been doing this for years, since I was in college. I meditate sometimes up to like two hours in the bed. Like, you know, not like a deep meditation, but you know, I think about things. I'm on the phone, I'm, you know, kind of going through different things. So I'm like, I have time in the morning, so 7 to 8:30, that's usually a time when I'm actually free. So I walked today from 7 to 8:30, that was five miles. And I started my day and then I had some time in the afternoon around 2:00', clock, 1:30, actually 1:30 to 3 and I walked another five miles. And during, during the five mile walk, I had a couple of phone calls. I was on a zoom call. I was on, you know, portfolio watch, talking to the content team, you know, doing the things that I would usually do because I don't really use a computer too much. I'm on my phone all the time anyway. So being that I'm on my phone all the time, I figured it would be more beneficial for me to actually be walking while I'm on the phone as opposed to. And I actually got the wired AirPods today too. So I had a pretty productive day. So yeah, that's my new regimen.

[Shoddy]

Regimen.

[Ian Dunlap]

I'm gonna try to walk 10 miles every single day. And I mapped it out to where so I could do. It's not, it's not as difficult, it's

[Shoddy]

not as tough as, it's not as

[Ian Dunlap]

tough as you think, especially if you live in some level of an urban environment. Because the City walk is kind of good. But the hour and a half in the morning is definitely doable for me. The other hour and a half it might change. Sometimes it might be at night, sometimes it might be in the afternoon. But you'd be surprised how much downtime you have during the course of a day anyway, just on your phone or on a call or on a zoom. Like we could do that moving. So that was, that's the answer to your question, Ian. I was up early, but I did walk five. I did walk five miles in the morning, then another five miles and then I worked out today too. I went to the gym. So after my first five mile workout I work, I went to the gym with my trainer for an hour. So I've actually, I actually today I actually walked 10, 000 miles and I walk and I worked out 10,000 steps

[Shoddy]

before they get those cropping, you know.

[Ian Dunlap]

10,000 steps. No, 20,000 steps. 20,000 steps, 10 miles and I worked out for an hour in the gym.

[Shoddy]

One same thing as soon as I got to Mexico. 16,000, 32,000. Yep. But my point is everyone is being extremely productive. Get mind, body, spirit, business, personal relationship, right for what's to come. Clap it up for a shot though. And if you can walk in New York. Oh, that's my favorite thing to do. Oh my God.

[Ian Dunlap]

Well, that's one of the benefits. And I don't even live in New York City, but I live in like a small quasi type city. But that's one of the, that's one of the benefits of living in some type of urban environment is that you can't really get that on the suburbs. Like, like a real suburban place. Like it's kind of hard to walk 10 miles. You get bored after a while. But the city pathway, you know, you can go through different streets and that's if you do live in level of urban environment, that's a benefit. Because there's a lot of negative parts of living in an urban environment. But that is a major benefit I think of living in urban environment is the for sure the ability to get out in nature.

[Shoddy]

Yeah. And it's better than being on social media and somebody put it in the comments. I talked about this in stock club last week. But if you put that weighted vest on with it. Oh man, tough. Hey, to those y' all in the military, I see why y' all don't let no civilians talk bad to you. I feel you that 40 pounder, that 50 pounds. Oh man, tough. Health as well though. Health as well.

[Troy]

Nice. And it's important even in the neighborhood. Like I, I measured it. It's like a mile walk. So like you see a lot of families doing it together, which is dope too, right? Especially like now that, that the, the sun is out a little later, like you people are doing it post dinner, like they're doing it as a unit. Right. It's not just individuals. I'm seeing people from other neighborhoods coming through the neighborhood. It's that time in New York. But like watching people be outside and doing that is dope, man. So kudos. If you can do that, do that. If you can do it with your family, do that. It's dope. Because now it's like number one, you're active, but you're also engaging in conversation, which is dope.

[Ian Dunlap]

But also to tie this all in with the trading, investing, entrepreneurship category, the reason why. So me and Sean was having this conversation. He was saying the reason why, because he's already a fit guy.

[Troy]

The.

[Ian Dunlap]

He said like there's an ideal weight that he thinks at a supreme level. So he, that's why he had to drop the weight. It's like a fighter. He was like, for him to remember the songs, to perform, to have his breath, like he had to lose control. It's an ideal weight. The same thing is true with entrepreneurship, investing and business is that there is an ideal physical fit measurement where you're optimal, you're optimal. Like you're, you're, you're, you're hitting every. Like you, you remember things clearly. You're coming up with ideas. You have clarity.

[Shoddy]

So execute faster. Yep.

[Ian Dunlap]

Part of being a good trader is investor.

[Troy]

I don't even want them trading.

[Ian Dunlap]

I'm trading even more because you gotta have even more clarity. You could be, you could be out of shape and just put money in Microsoft and just.

[Troy]

Well, I'm seeing. I don't want them, but that's what I'm saying.

[Ian Dunlap]

Even more so if you're a trader because you got to have even more detail, more discipline point. So but either or you have to. This, this is direct correlation. You don't really see a lot of fat people on Wall Street. No disrespect. You don't see a lot of them.

[Shoddy]

Not elite level. No.

[Ian Dunlap]

You don't see a lot of shape. You don't see a lot of out of shape CEOs of Fortune 500 companies. You don't see a lot of them. It's a reason why. Think about it. Just think about it.

[Shoddy]

We need a sound effect right there. You cook though. Content team

[Troy]

Silent.

[Ian Dunlap]

All right, what's the biggest mistake that people make in the market?

[Shoddy]

I need you guys to realize that in modern history the only negative years we had in the market are 2008, 2018 and 2022. I had this conversation on the way here and someone was telling me, well, I'm afraid to put money into the market because I think I'm gonna lose by end of year. And I'm like, if you go back, since they were damn near a kid, the only three years we had were 2008, 18 and 22. Every other year has ended up positive. And how much longer? Like we're looking at the S and P and a couple years being at 10,000, like Dow 60,000 is now becoming a conversation. I remember when Dow 10,000 was a, or 30,000 was a real thing. They're only going to be a certain few years where the market is negative. Those are great times to put money into the market. But if out of the last 15 years the market is only down 3. What are you so afraid of? Like we're, we're having this conversation about trading versus investing and people not having the capital. But it's like if you tally up the years in which you would have ended up positive, it's way more positive than negative. There's infinite upside over any 20 year stretch. If you put money into the S and P, you ended up negative. I want you guys to answer in the comments. What are you so afraid of? It's damn near the only business model. Well, you have to do nothing but research a little bit. I give you the price points. You just have to put your money in. You give me no money when you make money and then you get all the upside of being free. What are you so damn afraid of? Hold for the long term. For those who say I don't know what to invest in the s and P500, the 500 biggest companies on earth. SPY is a ticker. But 2008, 2018, 2022 are the only down years in modern history. What are you so afraid of?

[Ian Dunlap]

Well, I think also it's people, they hear the message of don't buy at the top or don't buy all time highs. So that's stopping people from investing because if everything is at an all time high, then they don't want to be caught holding a bag when there's a 20, 30% correction.

[Shoddy]

I get it. But if I tell you the price to buy and then what's the excuse after that?

[Troy]

Yeah, I think the biggest mistake we spoke about this like before we actually started going live here is, is this Hail Mary play? Man, there's a lot of Hail Mary happening, meaning we're expecting outlandish gains in short periods of time. And can that happen? Yeah. Will that always happen? Most likely not. And what, what you don't want to see is people blowing up their accounts off of speculation. It's feeling real speculative, especially the text that are coming through my phone. Like I told you today, I got a, hey, I'm looking at a call that is out to May 18th. And I'm like, that's today. That's what we're doing, right? Like, what are you seeing? What's the fundamentals? What technicals are you looking at? What makes you come to that theory? And it's like, oh, I heard somebody say this on this. I'm like, man, the discipline is unraveling, which means that the patience is going to be unraveling and accounts are going to get blown up. And I don't want to see that. That's why I just wanted, I was like, yo, the trading yes season, if you've been doing that for a while, if you're dedicated, if you're dedicated to it, if you have the time for it, if you have the correct setup for it, if you've really mastered that skill, more power to you. A lot of us have not mastered that skill. And a lot of us are thinking that, hey, it's going to work in the reverse order. Hey, I'll master this day trading thing and then I'll think about the loss.

[Shoddy]

It doesn't work that way, Right.

[Troy]

We were comparing it like I've never played ball, but like, I'm gonna start with step back threes before I. From half court, from half court before I get my layup package together, right? Like, no, start with the fundamental things, the things that are gonna actually help you when you go out that far. It's not gonna work in reverse order though. Guys, like really get disciplined, especially in times like this when we're seeing all time highs. And yes. Do we think we'll talk about it a little bit later? Do we think that this is the, the peak for the year? I don't think so. But that doesn't mean we lose discipline and we unravel in some of the, the plan that we have. Build that foundation, be disciplined and have some patience. Please. Have some patience.

[Shoddy]

I had a friend call me five times back to back. Ten o'.

[Troy]

Clock.

[Shoddy]

Yo, why are you not picking up? I need your advice on soybean futures. I'M like, you don't even eat soybeans. Like, why are you trading some that you. You don't know how? And this is a great lesson too. Every future that you can trade has a different personality, different, different temperament, and trades at a different speed. He's like, well, I got seven contracts in it. I need to know where to get out. I'm like, why are you in it? Like, I know there's a lot of fear in the market, especially if you're trading and you have FOMO from seeing other people who may not even be as experienced as you doing well. Stick to your plan. Notice in all the time that I've traded futures, when options got hot, I never said, man, I got a call. Stay in your zone of genius and quit copying other people's blueprints. And you don't have the blueprint laid out for yourself. I'm seeing a lot of people making a lot of money. But like you said, there's a lot of people who are blowing up their account, chasing the gains of others.

[Ian Dunlap]

That's a fact. Let's talk about Elon versus Open AI. This is something that it's a highly talked about legal battle for people that don't know. Elon was at the beginning level of OpenAI and how he puts it, kind of got screwed out of the situation when they decided to change their mission from a nonprofit to for profit organization and a lot of other nuance. So he felt like he was owed a lot more than what he received, which I don't think he received too much. And they went to court. I think it started last year and today I believe the judge threw the case out.

[Troy]

Yeah. The jury deliberated today and dismissed it on claims that he waited too long to file the claim. Not that he wasn't wrong, but that he just waited too long. He said he's gonna appeal. I mean, if you can understand if sitting in that position that he's in, objectively looking at it right, like you're thinking, this is a non profit, it turns into a for profit. And then you watch a company like Microsoft spend 10 billion on it, and you're thinking to myself, oh, wait, how'd I get cut out that deal? He's going to appeal it, like you said. But it's interesting. The, the, the case obviously was put forth a year ago. The trial started maybe two, like two weeks ago. So it's moved pretty quickly. But I think the remnants of the trial, I think Elon looked at it from a standpoint of how can I hurt this company.

[Shoddy]

Yep.

[Troy]

I don't think he wanted to win. I don't really think he wanted to win. Obviously, he has his company. That's. That's going to IPO here shortly. But how could I. How could I damage it? And I think he succeeded in that. And in a way that's like. Like a little maniacal, I feel like. Right. Like, if you think about how we thought about Open AI a year ago and how we used to talk about it and how we talk about it

[Shoddy]

now, the sentiment has dramatically changed.

[Troy]

Completely changed. Which also, when it's going into its ipo hurts. Right. Because now how do we know how to move with this IPO if he has to get a piece of the company? Like, that changes everything that gets pushed back. But I think the most damaging thing about this is that the public OpenAI. Yes, but the public scrutiny of Sam Altman.

[Shoddy]

Altman.

[Troy]

Oh, my gosh, you did. The judge wanted to dismiss the case, but what is done to his public perception? How OpenAI is now looked at as maybe second, could be third place when you're talking about platforms. Right. Anthropic has certainly steamrolled.

[Shoddy]

Darling.

[Troy]

And now was the darling of it. Gemini's there. Elon is like in that fourth place. And Open AI, he's really changed the sentiment of how we think. And I feel like, yeah, it could have been a settlement of money, but this isn't about money. You're talking about a guy when SpaceX iPodOS. Trillionaire status.

[Shoddy]

Yeah, for sure.

[Troy]

So it's not about money, but what it is, the principle and the public perception of what I can now do to you.

[Shoddy]

The thing is, that's really interesting about it. I do feel there's an element of he didn't care about the development of the company until it became extremely popular and successful. I know we were supposed to talk about this a little bit last week, but, Rashad, like, in terms of using the media, because if you look at Sam Altman versus Dario, it's a night and day comparison. What are some missteps do you think Sam Altman made? And how could he have handled this better to make sure that his name wasn't drugged through the mud? In terms of the media not saying Elon's an angel, but, Troy, to your point, Elon has done damage to Sam's career that I don't think he'll ever recover from.

[Ian Dunlap]

I think it was more than just Elon. I think, you know, he had a series of unfortunate events. As far as he had an interview, somebody got killed. At that employee and they asked him about it.

[Shoddy]

And allegedly for legal purposes, allegedly, it was reported.

[Ian Dunlap]

The person, the person got unalived. We don't know the circumstances behind it. But when asked, I didn't say that he was responsible for. I'm just saying that, no, no, no,

[Shoddy]

I want to cover all bases.

[Ian Dunlap]

Yeah. So, but when they asked him about it, I mean, his, his answer was very strange, to say the least. And then, you know, you had the privacy concern, issues with ChatGPT, and then Elon comes in. Then, you know, a variety of other people that worked in the ecosystem of OpenAI started to speak out. And then there's articles about the culture of OpenAI and, you know, how employees were verbally abused and taken advantage of so much stuff. So I think that it just started to become a snowball effect. And that was one of the things. But it was a variety of different things that did not help. OpenAI, chat, GBT, Sam Altman. And at the same time, you got Claude and you have perplexity and nobody, they don't really have a face catching fire to their, to their brands. They clean. Nobody's really attached to it as far as emotionally attached to it. They're just using it. So as he's declining, fighting, you know, that media battle, these other, these other vehicles are gaining from a popularity standpoint, and then it just becomes a kind of a snowball of a recipe for disaster after a while. But they're not dead. I mean, they're still,

[Shoddy]

they're still viable,

[Ian Dunlap]

but biggest IPOs in history ever.

[Troy]

Yeah. And that, that what you said is exactly what I'm, I'm thinking. Right? Like, everything you said literally starts as this, as he decides that he's going to sue them. And so when we think about, all right, how can we defame? How can we defame? How can we defame? How can we defame? I'm gonna. I know who the man is, right? This was his partner in 2015 when they created this. He knows who he is. If I have to make him be public facing, oh, he's gonna show who he really is so we can really see who he is. Right? As you do it, just really quickly as you do that, then now here comes the flaws in you. Here comes the flaws in you. It's not just the product anymore. We're like, now looking at the CEO is like, we don't know as much about Dario and Anthropic. We probably didn't even know his name two years ago. Right. Most people didn't. Most people still probably don't know his name. But because he doesn't have that lawsuit now, he's able to create and be creative and his team is allowed to be creative. Whereas Open Air is like, boom, here's a hit, here's a hit, here's a hit. You even talk about the Oracle piece of it. Here's a hit. Okay, all this is coming at you. That's going to limit creativity. Now you got to focus on this. What if you lose this case? Oh, you're trying to ipo. Oh, wait, let's slow down on that. All while everybody in this race is pushing ahead, pushing forward with less headlines. Obviously we saw what happened recently with Anthropic in the government, but prior to that it was, oh, that second place thing. Oh, okay, here it comes. Oh, wait, they have a model that's better. They've caught up. They're actually going to IPO at a higher valuation. The timing of it is very interesting.

[Shoddy]

Very interesting. And to that point, if you're going to do bad business, don't be surprised. The person that you were doing business with runs to your enemies and gives your entire playbook on how to destroy you. Allegedly. All the smear campaign, allegedly. And the book empire of AI came out with some pushing and maybe backing from said person who may feel like intellectual property was stolen from him even. And some of the software route and destruction that we've had, some are even saying, because remember, at first Elon wasn't that favorable towards Anthropic. And the closer we got to this case, all of a sudden partnership and bridges are being between SpaceX Starlink X at scale. So if you're going, Sam, you got away with this one. But when you have initial investors in him and all the people who back him, don't be surprised when they come to get their look back and come to attack you, even through presidential means. You got away with this one because he filed too late. But you have to be aware of every attack that you're going to go through. Like at one point they were going to be the darling of AI. They're almost looked at like the bastard child of the space now.

[Troy]

Yeah.

[Rosina (The Biz Lawyer)]

All while.

[Troy]

And we'd be like remiss if we didn't say that. All while building his own AI. Right. Like Elon's building XAI at the same time. And look at the strategic partnerships he has with it. Right. You talked about Anthropic. Amazon is helping them with their data center build out. So like they're partnering and working together meanwhile, like you said he. He knows the flaws because he know he knows the man.

[Shoddy]

Be careful. Better to keep harmony.

[Ian Dunlap]

Better to keep harmony. For sure. So we gonna talk about all this tech stock that you guys are asking about. Drum etf. But before that, let's take a moment to pay homage to Invest Fest Year 6. The moment has come. The lineup has been announced, and, man, the reaction has been very, very, very positive so far. You know, six years at Invest Fest, and we scale every single year. God bless. And it's like, you know, how can you top one year after another? Becomes extremely difficult task.

[Troy]

But.

[Ian Dunlap]

But out of the. Out of the six years of headliners at Invest Fest, we've had a lot of headliners and, you know, we never had a woman. So this was the year, man, you know, six years. Six years. It's time. It's time. It's time. Time for a woman. So when you look at. It's a few boxes that have to be checked. And, man, Serena Williams, greatest female athlete ever. Goat. Literally. Literally, the goat. Arguably the greatest tennis player ever, male or female. But what she's done outside of sports is just tremendous. Her venture capital firm has already invested in 15 unicorns. Think a net worth over $500 million. She's on her way to become a billionaire, man, just a superstar in the world of vc, hit the ground running. So much, man, so much, so much. So much from being a star. She's like the original LeBron, remember? She, her and her sister, they were stars when they was 13, 14 years old. Like, you know, not really even going to high school and becoming a pro and having to deal with the racism and having to deal with, you know, so much as far as, you know, being a black woman at that highest level of sports, Olympian winning, winning Wimbledon, winning the US Open. Oh, man, work ethic is just amazing, like I said. And then transferring that over to business, Nike, sponsorship deals and so much. It's just. It's been a hell of a journey for her, coming from Compton, California to where she's at now, top of the world. And we never had a woman. So it was time. And it was time to really, really, really, really do that. So Serena Williams will be headlining.

[Shoddy]

That's incredible.

[Troy]

Yo, that. That. That is a amazing story that we will tell at one point. Crazy.

[Ian Dunlap]

And then outside of that, I mean, you know, of course we got the OG back. He's here every year. Steve Harvey will be in the building. Legend, icon, Nick Cannon, man, built the empire, man. You talking about Wild N Out Empire, you talking about. He Used to manage Kalani back in the days. You know, he's responsible, if you think about it, for 85 South. They come from his tree. Oh, man. His what? He's done what he's done with the franchise to America's Got Talent. He don't get enough credit. Like, he's one of the ones. He's actually one of the ones. Ti, Atlanta. It is Atlanta, right? It is Atlanta. Man, you talking about the year. The year of return. TI's on fire right now. We got Sarah, Jake Roberts. You know, she had a bad accident, but she's not letting that stop her from coming. Powerful. When you're talking about a woman of power, man. 80,000 people. 50,000 people. She does like baseball stadiums. Texas. And In Atlanta, like 50, 60,000 people.

[Shoddy]

Icon.

[Ian Dunlap]

Yep, she's one of the ones. Anthony Anderson. Oh, man. Legend in the game. Hollywood. Over 25 years. Blackish. So much the income, the uncomparable Ian Dunlap will be in the building.

[Troy]

Yes, sir. Yes, sir.

[Ian Dunlap]

Trade hover.

[Shoddy]

You know he does on that thing to stock. Shakur, the new one. Market Luther King.

[Troy]

That's a new one. I like that.

[Ian Dunlap]

I like that.

[Troy]

I like that.

[Ian Dunlap]

I like that. Of course, you know, we got JD coming off that legendary episode we just did with him.

[Shoddy]

Incredible.

[Ian Dunlap]

My brother. 19 keys to Shonda Brown Duckett. Y' all might not even know who that is, but she's the only black woman that is the CEO of a Fortune 100 company. She's the CEO of Tia Cref. Tia Cref is the largest asset manager in the world over, I think $14 trillion. Literally. They're the largest asset manager in the world. And she's the CEO of Tia Cref. Legend in the game, my brother Vic. Men. So he'd been killing it. Keith Lee. Let me talk about. Man, we got. We got the billionaires coming. Mike Novogratz, somebody who we've been talking about a lot. I think his net worth is like $8 billion. Man, you talk about cryptocurrency when you talk about bitcoin, when you talk about gold, when you talk about hedge fund. Mike, he's one of the smartest people in the world. John Morgan. John Morgan.

[Troy]

I'm sure, you know, so, you know, it's crazy.

[Ian Dunlap]

It's like. You ever hear those commercials. Morgan and Morgan, personally. Personal injury attorney. Morgan and Morgan is the largest personal injury attorney firm in the world. He's the Morgan. He's the Morgan. He's a billionaire. Forbes just reported him. He's a billionaire. Largest personal injury attorney firm in the world. You had to have their commercials. Morgan and Morgan, man. Julian Brown, we talking about plastic. We got burner. We got. We got Dan Fleischman, one of them.

[Shoddy]

One icon.

[Ian Dunlap]

Lala Anthony, Joey. Badass,

[Shoddy]

Man.

[Ian Dunlap]

AI infrastructure. Oh, man. Van Lathan, Big Bank Atlanta.

[Troy]

He's having it.

[Shoddy]

Content king. Hell of a year, man.

[Ian Dunlap]

I could do this all day, man. Derek Falcon, Seven Streams this morning. Yeah, Seven Streams, Derek Falcon. I'll tell you what, man.

[Shoddy]

This market, tough lineup.

[Ian Dunlap]

And outside of the lineup, we will be having discussions on artificial intelligence, how to build a home. I'm going through this process right now. Home building. We will have the panels on investing, reading charts. Of course. We're going to be talking about bitcoin franchising. Fidelity will be back. It's so much, man. So much stuff like we got going on this year. Friday, all day Fridays. Starts on Friday. Early in the morning. Get your badge on Thursday. Get to Atlanta on Thursday, all day Friday. VIP night, black tie. We're going to talk, I'll talk later about the VIP night, black tie. It's going to be a legendary night. All day Saturday, all day Sunday. Get your tickets, get your vendor booth. Most importantly, get your vendor, please. 25, 000 people a day last year. If you're an entrepreneur, you need to get in front of the people. One, one weekend can change your life. Go to invest fest.com. get your pre sale tickets now. Get your vendor boost now. Get your VIP tickets now. This is going to be, it's going to be, it's going to be a good.

[Troy]

That vendor situation is so crazy. Like you count the amount of businesses. I think we have 407 businesses there last year. I mean, I would probably say 97%. Their greatest sales weekend is at Invest Fest, right? Think about, right? So like if you have an opportunity, you have a business and you're trying to figure out how can I reach the most people at one time. There's no better weekend than the Invest Fest weekend in Atlanta. August 7th through 9th this year. It's going to be crazy, man. It's going to be great. I'm looking forward to it myself. We got some more surprises. Got some tricks up our sleeve. Some things that we. I'm. I'm building now personally that I can't even display until then. So make sure y' all get your tickets.

[Ian Dunlap]

So we got two billionaires confirmed. We working on another one? We are.

[Troy]

Stay tuned.

[Ian Dunlap]

Figure out. We're trying to figure out the situation for another one. Um, but man, you know, the average person you never really. Every person is not going to be able to actually ever hear from a billionaire in person. Most of the time when you've seen a billionaire, it's either like, you paid money to see Jay Z perform or you paid Money to see LeBron James play. Very rare opportunity to actually see a billionaire actually speak. And these are guys that you never heard of type billionaires. So you already know, like. Like, these are dudes that you never heard of. John Morgan. I'm pretty sure nobody even knew who he was. Mike Novogradge. I probably knew who he was because we talk about him so much. But if you see him, if you see him walking down the street, you're going. You're gonna walk, right?

[Shoddy]

You would know.

[Troy]

Yeah. Shout out to. To Safe Stop Mobile. They said they was in the vendor marketplace last year. Had a 400% increase.

[Shoddy]

Hey, that's family right there.

[Troy]

Congratulations. That's. That's fire. Yeah, that's fire.

[Ian Dunlap]

August 7th. August 7th through August 9th in Atlanta, Georgia. Get your hotel, the host hotel. There's no more room, but there is a hotel across the street. So, Man, y' all don't play, man, this is. This is important.

[Shoddy]

This is really important.

[Ian Dunlap]

Networking on a thousand. Like I said, we got. We got some time. We're going to talk about everything over the course of the next 10 weeks, but networking, make sure you. You show up and show out and, yeah, it's going to be good. So that's the PSA for Invest Fest lineup rollout. Feel very confident about this lineup, you know, Want to give everybody a shout out. Chris Sane will be in the building.

[Shoddy]

Yes. Shout out to Chris, y'.

[Rosina (The Biz Lawyer)]

All.

[Ian Dunlap]

Yeah, so, yeah, man. Everybody. Everybody that's on that. That flyer. Congratulations. Because it is an accomplishment to make that Invest Fest lineup. It's not something that easy to do. It's very difficult to do, actually. So if you made that lineup, that means that you're doing something right. And, man, this is. It's going to be an amazing, amazing weekend.

[Troy]

Yeah.

[Shoddy]

Super bowl, prepare early.

[Troy]

Super bowl entrepreneurs, if you're part of that lineup, congratulations. Every year, that's an honor. So shout out to all y'. All. I see everybody putting the flyers up. Appreciate y'. All. I love his love.

[Shoddy]

Yeah. All right. Prepare early. I'll say this got to Mexico four hours a day. Pin the pad. Shout out to Elwood and Ty, everybody who tapped in. This is definitely gonna my going to be my best presentation that I've done, hands down.

[Troy]

Yeah, you, Ian, you. You put something in the chat as what was that 3am last night?

[Shoddy]

Cooking shebang.

[Troy]

I said I Woke up at 6:30, like this guy is on one.

[Shoddy]

But my biggest lesson every year is you never know who's going to be in the audience. You never know who that dream contact is, who you've been looking to build with. You only get one shot every year has to be better than the last. Get your tickets.

[Ian Dunlap]

Gotcha. That's a fact. So all right, let's skip ahead. We're going to go back to Bitcoin but I want to talk about, let's talk about the tech pullback because that's something that a lot of people are concerned about. So, so about the tech pullback. For the last couple days tech has pulled back heavy and I saw people asking in the chat about vst, they was asking about Drum, a lot of different things. So let's talk about like let's talk about stocks, let's, let's talk about outlook of stocks specifically on the, in the tech sector. What is the deal with these, with the tech stocks over the last couple of days?

[Shoddy]

Can I go real quick?

[Troy]

Yeah, yeah go ahead. Cause somebody's texting me about VST so I'm gonna cook up a little bit but go ahead.

[Shoddy]

Here's what I need you to know about tech. Nothing is going to go up infinitely. So for those who are in, there's nothing to worry about. For those of you who were out and you were looking for entry to get in, you now start to have an entry in stock club. Prices will be out this weekend. For those of you in Eylu, the prices for Drum are in there. But even for like VST and the ones that have pulled back we're in a different market and I get it. But no stock is going to run up 5 to 10% every week on week without a pullback happening. So if you were in the market and you're now seeing a pullback, why are you worried? I think the fear is coming from a lot of people are trading it opposed to holding it long term. The fear is not going to be there if you're holding it long term. So I think this pullback will be short lived. It's nothing to worry about long term. I think a lot of this tech pullback and crash prediction is being over hyped hope for the long term. But, but if you're, you're trading it, you should know what levels the market is going to pull back to before you get into the trade.

[Troy]

Yeah, I mean it's interesting when, when people look at it. That's how I know, like this is just feels like Hail Mary throws because people think that women, I mean, these are just the numbers.

[Shoddy]

Right.

[Troy]

Over the past five days, the NASDAQ has been flat, literally has traded at 0.01%. Over the past month, it's been up 7%. And so the overall sector of technology, NASDAQ has actually hadn't even had fire. Yeah, it hasn't had a pullback. It actually is positive. Today was down. Friday it was down. But you got to take Monday through Friday and then you got to, for the past three or four weeks now have certain sectors inside of technology had a little pullback here. Yeah, we, we watch memory, which we all applauded on the way up. We watched Micron get to 8, 10, and we watch Sanders get to 1580. Have they pulled back 7%? 8%? Yeah. That's what we call being overextended. Right. When they have those parabolic runs again, number one thing that's going to happen is people are going to take profit. Right? That's first and foremost. People are going to take profit. The next thing is buyers are going to see, okay, well, is this the level where I want to buy? Right after we take profit, it pulls back. Is this the level where we're going to buy? Where is the next support level where buyers are going to come in and say, okay, it's falling to a point here where we're going to consume more and then we'll see it tick back up. Micron pulled back 7% today. Okay, well, let's see where that level is of support. Does that change the story of Micron? Absolutely not. In fact, if you're watching how Micron's moving, I called, I called shoddy at 7 o' clock on. I text him 7am Saturday morning after I was deep in the weeds and some research and I hit Ian today about it. I'm like, look, guys, this story is far from over. In fact, what I'm reading now, I, I gotta fully interpret and fully break down so I can explain to the rest of the world in a way that is digestible and they won't run from it. And so look at the factors. Memory is not going anywhere. It's sold out for 2026. Looks like it's going to be sold out for 2027. Part of the issue they're saying now is can they meet the demand even though that they're sold out? Can the fabs come on online fast enough? We'll see. All projections are they will and the CEO Sanjay of Micron has said that they will. What else is happening in that space? Why we saw Dron pull back a little bit outside of Micron, Samsung is his number two or three holding, depending on what the day is. Samsung potentially could be in a strike. The CEO at Samsung obviously in South Korea said, look, we can be, the business can be on strike. Our production of our memory component will not be on strike. That has to keep going. And so these.

[Shoddy]

No matter what.

[Troy]

Exactly. No matter what he's. It has to. So the story hasn't changed inside the, the semiconductor space when it comes to memory, then it's going to still be. Solid state is going to be a story. We're going into 2026 knowing that if you look at the forward guidance for all these companies and how they reported is very indicative. Right. Micron is potentially talking about $100 billion year. Never in the history of the company have they done that. And they're on pace. Last quarter they did 33 billion, which was more than they had ever made as a company. And so the story is still there. Now somebody keeps asking about vst. Vst. If you've been watching Market Mondays, you know that I'm in vst. I have calls in VST when we're talking about the infrastructure play for AI and the data center built that. Feaster was one of those companies I talked about and I think I probably paired it with Vertif in terms of liquid cooling. Inside that infrastructure. VST is gonna, is going to be there, right? Like if we're looking at the infrastructure play, this is one of those companies that is right dead center in the middle of it. So of course I still believe in that. But it's a long term vision, right? When I said that AI is bigger than just semiconductors, this is what we're talking about. It's energy, it's infrastructure, it's compute, it's manufacturing, and then it's going to be applications and models that. We'll get into that a little bit later. But that's how you have to look at it. And so week by week I'm putting more pieces to the puzzle together so people can get a clear story here. If you've invested in amd, if you've invested in Nvidia or Broadcom or some of y' all did intel, you've got the compute part. Have you done energy? Right? Have you invested in G for Nova? Have you invested in Caterpillar? Have you invested in Constellation or Bloom? All right, there goes your energy component. Have you done it for applications? Right, like when OpenAI and anthropic and Meta and Google. We can put Google in a couple of these categories. Are you invested in that?

[Shoddy]

Sure, yeah.

[Troy]

Each phase, each piece adds to the problem of this story. And so we want to make sure that we're investing throughout the entire AI revolution, not just the ones that we. Oh, this is running high and we better catch this because that FOMO of missing out.

[Shoddy]

Can I say this real quick?

[Troy]

Yeah, go ahead.

[Shoddy]

Even with that build out, put in chat, only need four stocks to get wealthy. Secondly, tech ran for six weeks straight. This pullback that's happened, there's nothing to worry about. Put in chat. Asymmetric risk to reward. Reward and my presentation on the Vest Fest, the first thing I'm going to cover is how to know if you are in an asymmetric risk to reward zone or not. If you're looking at NASDAQ right now 29, 782 down to like 283 80. 385 is not a zone where you can get 5x from. Same with Micron. Micron ran for six weeks. Okay, great. Some people took profit, some people got afraid. It's just not the right buy zone to begin to buy. Right. When it was at 332 people sat on the sideline, sidelines and it ran up. You have to know what buy zones to be able to buy in to then hold for the long term. Stop buying at the top, everything could be okay. But stop trading the greatest companies on earth and hold them for a long period of time. You'll be fine.

[Troy]

I think that that's a part of it too. I'm glad, I'm glad you mentioned that. It's Hey, I missed it at 300, it ran up to 600. I missed it at 600, it ran up to 700, I missed it at 750, went up to 800. It's at 800 now. I'm not going to miss it running up to nine. Well, this is, it's extending of time.

[Shoddy]

Yeah. Right.

[Troy]

So eventually it is going to give you an opportunity to pull back. But bigger than giving you an opportunity to pull back, you know who else is going to give an opportunity into institutional investors?

[Shoddy]

Absolutely.

[Troy]

They're going to get an opportunity for it to pull back. And guess what they're going to do? What do when it gets to a level that they like, they're going to consume a lot of it. Right. So you want to make sure that you treat your portfolio the same way. Hey, I'm not chasing it. I'm gonna, I'm gonna be patient with it. I'm gonna wait for a day like today. So somebody's watching Micron right now. Like hey, it's back in the 600s. It got to 665 today. Yeah, this might be an opportunity for me. So like just be patient with it.

[Ian Dunlap]

So let's do, let's do this if we can. In the interest of time. Let's do lightning round for a few tech stocks that people are interested in. Okay. Okay. So first etf. Smh.

[Shoddy]

Love.

[Troy]

Absolutely love.

[Shoddy]

Hold for five years. No question. Hold.

[Troy]

Yeah. If, if you're buying the ETF and add it into your portfolio, if you're making options on it, you're talking about investing in the semiconductor space, which is part of that. I talk about the five tier cake that Jensen talks about for AI. SMH encompasses the entire semiconductor compute part of it.

[Ian Dunlap]

Nvidia.

[Shoddy]

Hold on. Can I give a price for smh? Because I don't want them to say we didn't tell them where to get in. Let's do 435, 75 for SMH. 435 75. Nvidia absolutely love hold for 20 years. Love, love, love. It is the salt. I said this before, it is the app store for all things AI. If you're looking for a foundational piece to invest in long term and Nvidia is not in your core portfolio, you are messing up app. Love, love, love, love, love, love, love, love more than Apple.

[Troy]

Absolutely love more than any company. For me it is the foundation of the portfolio and so smh, obviously it leads that etf. Got to have it. That's why it's weird when I hear a pullback in in technology and Nvidia actually hit all time high last week. Yes, they're going to be reporting. So this is another big week for tech because 8% of the S and P Nvidia is responsible. Right. So it's respons 8% of the S&P 500 and they're going to be reporting their earnings on Wednesday, which is a big day. Nvidia, y' all know we love, we heavy investors in it, but yeah, definitely got to have it.

[Ian Dunlap]

Tsm.

[Shoddy]

Home run love. Come on man. These are.

[Troy]

That was a real question. Yo man, my part of the presentation on Thursday was my love for tsm. Some of the drawback for TSM and why it was kind of not consolidating. But we always said to ourselves this is a 300 per share stock now. I got to 400. I don't. It's not the ceiling. I don't see the ceiling here yet at 400 just because of how fundamental it is. We had a conversation, myself and Shadi about the geopolitical issues. Then we had it in the chat as well. That still is there, but TSM is another one.

[Shoddy]

It's slowly going away. And my long term target for TSM is 585.95. Even a geopolitical threat that could have been there years ago. Nothing to worry about.

[Ian Dunlap]

What about service now

[Shoddy]

for trade or hold?

[Ian Dunlap]

Both.

[Shoddy]

Troy, I'll let you go first.

[Troy]

Yeah, yeah, you know what I know. So ServiceNow is important. So I think before we give him an entry, I think most people heard me say last week when in our segment we're talking about, listen to what Jensen's saying, who he's saying and what he's investing in. And he keeps showing up every year at ServiceNow's conference and it's for a reason. And it goes back to how he's looking at the tech space when he's talking about the infrastructure. So there's energy, there's manufacturing, there's compute, there's models, right? That's OpenAI, that's anthropic, that's Google, that's meta. And then that last tier is the agents, right? And so ServiceNow, he's looking at it. If we do compute, they're the next layer. They're going to be the company that is going to allow operating for agents. And so when you think about that, they've taken a huge hit. Why? Because software companies, which is where they kind of classified as, have been taking a huge hit. So you look at the sales forces of the world, you look at obviously ServiceNow, you look at workforce, you look at Microsoft, which kind of got put in that category. They've been taking a hit structurally. When AI agents come on to the landscape, right, the operating at scale, the operating system that is going to be inside them is going to be ServiceNow. They've positioned themselves to do that. Yes, they've taken a hit. But fundamentally that story, I don't want to use the word over exaggerated, but it has been unfairly been traded over the past four to six months. That story is going to turn around at some point.

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[Troy]

Right. Agentic is definitely going to be a part of the conversation. How does Agentic move not in your home so much? I don't want people thinking like, oh my gosh, this is gonna. He's talking about robots in the house. I'm talking about in the workplace. What is that gonna look like? How do we know that's happening? Look at every. All the big hyperscalers. What have they done over the past year? Layoff, layoff, layoff, layoff. Why? Because they're figuring out how we can make this more efficient, how we can bring in Agentic into our workflow, and who is going to control the workflow inside of those. Agentic. AI Robotics is going to be ServiceNow. They're definitely going to be one of these companies. So if it's not on your watch list, put it on it.

[Shoddy]

Yeah, I would say ServiceNow probably is not in my, like starting five, but I think how much the stock has got beaten up. I'll use the word overexaggerated. I think there's upside potential for it. It almost got to like a generational buy zone last week. So there's tremendous upside. I would do it more of a trade. Like if I was getting in, I'll probably let some of the position off around 170, 80 and take profit there. So do I like the company? Yes. I was big on ServiceNow even before this. Agentic thing took wave, but I would do it more of a trade and not as much of a long term 10 year or 15 year hole, but definitely a good trade.

[Troy]

Yeah, I think this is a good way to think of it. Right now we think agentic as giving answers, but eventually it'll be doing enterprise work.

[Shoddy]

Yeah. And this entire AI ecosystem is an enterprise trade.

[Troy]

Jensen's on record. This is a quote from him. Every company will eventually have armies of AI agents inside of it. He's seen the landscape. How does he know he's looking at the demand.

[Shoddy]

And I'm gonna keep saying this every week. When Jensen is in love with the company, that is an indication to put it on your watch list for it could be next. Everyone, what's next? He's telling you every year the ones that he think has tremendous value. And also too, if you go look at what is Nvidia has invested in, that's a good tell as well.

[Troy]

Yeah. That roadmap is serious. Somebody in the chat is putting Nibias, Nibius is in that same idea of AI Compute, but from a standpoint of renting it out. Right. So like what Core Weave did, Nibius is also doing. And Nvidia's invested in both. They invested in both. In fact, not only they invested in both, they're supplying COMPUTE to be rented. And so what does that mean?

[Ian Dunlap]

Right.

[Troy]

If the average small business, can you afford to buy a thousand GPUs? Maybe not. Can you afford to rent GPU compute? Probably. Those are what the Nibius and the core we use of the world do.

[Ian Dunlap]

Okay.

[Shoddy]

I'm not the biggest fan of Core Weave, though. Nibia still, I think is a better alternative to Core Weave.

[Troy]

Yeah. I compared it the other day to thinking about going to like the derby and saying, hey, I'm gonna put money on all the horses. Let's see which one wins. Yeah, that's what, that's what it feels like Nvidia's done.

[Shoddy]

And it's a good diversification strategy. Like I love even seeing, let's say what Google's done. Right. And what Apple failed to do. The great part about what Google is doing and Nvidia is doing, they're investing in the ones who could be the leaders. So when people say, well, is Nvidia run over? I'm like, no. They're also invested into the companies of the future as well. So just a dividend upon the investment makes the company incredibly valuable. Microsoft did the same thing with OpenAI before they had their tumultuous breakup and divorce. Right. But A company who's seeing the future and knowing I can't build all of these things but I'm going to get equity in them is a very smart move and something everyone should be doing. And notice they're not trading the equity in these companies. They're holding. They're holding.

[Troy]

Yeah, I said platforming and owning, those are the two things. I'm a platform you, we're going to supply you and we're going to have ownership. That's how you live on.

[Ian Dunlap]

So. Okay. All right, well, let's get back to the bitcoin. So bitcoin. Bitcoin to 55,000.

[Shoddy]

Man. Listen, this weekend I was making my little rounds around working on my little espanol a bit poquito and it was three or four people who like, man, I'm bitcoin. People are telling me it's going to 40,000 and I'm like, what, what about 55,000? I know gold and bitcoin has not performed at the levels of some subsectors of tech, but I think the desire for bitcoin to crash would be at that $55,000 level is a little bit misguided to say the least. Do I see a world where it could come back down to maybe 61,000? Yes. But if you believe in asset long term, you have to hold it at some point. Maybe this week, maybe next week. We got to talk about the tokenization though of stocks. But do I think bitcoin as a store value is going to go away? No. Has it been beaten up over the last year? Yes, but once again, knowing where to buy is incredibly important. The 40,000 thing, I don't think is going to happen anytime soon. And if we do, we may have bigger problems in the market. But 55,000, I don't, I don't think we'll get there. If so, it would be an amazing buying opportunity. I like it at 61,000.

[Ian Dunlap]

Okay, okay, let's. Let's talk about. We could talk about this barbershop and we have to. The barbershop indicator. I was talking to my man Cordae, shout out to Cordae last week and we actually, this is another name but barbershop indicators will go with. And I've seen this happen a few times whenever, like Rashad, whenever these, whenever these conversations hit the barbershop, it usually, that's usually a sign that bad things are going to happen. And I saw it happen with cryptocurrency a few times like 2019 XRP two years ago, I saw it happen with gamestop I saw it happen a variety of different times. And now I'm starting to see this happen in trading, in trading. Once you start to see everybody talking about that, especially unfortunately, Rashad Master. Once it hits the barbershop, it's like the gig is up. So are we, are we, are we in danger? Is this barbershop indicator telling a sign of the times?

[Troy]

I'll say this, I'll say this because the barbershop is where you commune, right? Yeah, like where we commune and we have conversation. We've been doing this since we were kids going into barbershops, right? As young men, women going to hair salons throughout their entire lives. The fact that it's part of the conversation, I'm happy, I'm at least happy that investing is part of now, part of everyday barbershop conversation. Pat on the back to, to us, right? And everybody doing the work out there.

[Shoddy]

But is it investing or trading? Not to cut you off.

[Troy]

I'm. That's where I'm going next. I'm about to lend them the level of. Again, the level of speculation is alarming. I sent him the text. I said, this is like another seven o' clock call. I'm like, bro, I don't like that. I don't like that. You know, he's. He's very like, doom and gloom a lot of the times, like, oh, it's over. So I'm like, nah, Fundamentally, the market is not over. What is going to happen is people are going to blow up their accounts. They're gonna for. I'll put it like this. Institutional investors are going to shake out these retail investors who think this is, hey, we win every day. The market goes up every day. Hey, we can make $10,000 in 20 minutes and we can do that for five days a week. And this is going to be my new.

[Shoddy]

Doesn't work that way.

[Troy]

They're going to shake them out. They're going to feel real bad about it. They're never going to come back. And it's going to be at buying points that institutions are going to pour more capital in. And then the next conversation in the barbershop is, are y' all still invested? And it's going to be like, nah, man, I sold when that. And that's what I don't want to happen. We want to keep people here because we understand that patience with a P A Y is the game. Patience, Barbershop conversation. If it's about trading, especially when it's the Hail Mary calls again, hey, I heard this company, yo, I Saw this company on Trends, bro. Yo, this chick just told me, because a man has said it, and he just flipped 5 into 10. And I'm trying to figure out if I got like, two, can I flip it to four?

[Shoddy]

I'm not. I'm.

[Troy]

It doesn't excite me to hear news like that, but it does excite me that we're having conversations about investing in companies. I'll stop.

[Ian Dunlap]

I saw one thing on Instagram. I'll let you finish in. I saw one thing on Instagram. It was like, stock trading is the new hustle. And that, to me, is concerning. Yeah, that's concerning.

[Shoddy]

I'm gonna be very honest. I wish the conversations were more balanced for this reason. The brokerages know, the media companies know, and they're pushing a certain narrative to a certain audience to gain the liquidity on one side, but push you out long term to make you hate. The asset class. Like options and futures have been traded since the beginning of time. Right now, it's incredibly popular in our community, tied in with sports gambling. I won't say which companies, but I think there is a concerted effort when we talk about sector rotation. And the reason why I also say long term is the way to go, because it stops you from being manipulated and from using your suffering against you while they get rich off of your lack of discipline. Yeah, we're getting to an inflection point where they are going to reverse. Just like in 2022, they're going to reverse the tides. And I just. I'm going to be very honest. I've talked to a few brokerages. They've never seen volume like this in the history of the brokerages. They're almost turned off. Like some of their marketing campaigns for Q4 and Q1 and next year, because there's so many people treating this like gambling. And if it was 50, 50, 50 options, 50% long term, I wouldn't be afraid. But like you said, like, I've been in places and people are trading in front of me, and I'm like, I know you can't afford to lose the 8 or 15,000 that you have. And they're like, well, this is all that I have, so be very careful. These next, especially going to the summer, you may be able to get it off until June. When July and August come, be very careful and trade less as a result. But yes, I do think anytime we get into something at scale, whether it's real estate, whether it's business, whether it's investing, whether it was Airbnb, we can Have a conversation about that. They changed the laws around Airbnb once we got into it at scale. Be very careful. They're watching. And they're going to use the liquidity both ways.

[Troy]

Yeah. They're going to try to shake out the fakes. I think the question you ask yourself before you make the investment is why? And if you can't explain that, say why if it. If the answer is because I saw it somewhere, you probably should not. Good. Yeah. You probably shouldn't do that. Yeah. Because for, like, 2021, when we had those meme stocks run, people forget that. Hey, the Nasdaq was down 32% in 2022.

[Ian Dunlap]

Wholesale real estate, too. They changed the.

[Shoddy]

They changed the laws on that. Yeah, bro. That's why a lot of times, if you're investing in things or using an asset class, you have to be very quiet about how it's used. Yeah, very quiet.

[Troy]

I'm glad y' all said that. Right. Because when you think about derivatives. Well, how would they change it? Well, let's say that a huge volume of people are now trading options contracts, trading futures contracts, and they shake them out and people try to come back and open. There might be a new legality clause that, hey, you're not allowed to trade at this level of options.

[Shoddy]

You're, like, able to raise the limit. Think about this. For the first time in history, when I first started trading, you needed 25,000 for the PDT rule. There are so many people trading now, they took away pdt. I had two conversations. Oh, my. We've never seen this volume in the history of the brokerage. I said, well, why y' all Change it? And 25 was the entry point when I got started. Not anymore. They, too, are using. Even on the future side, there's more future products that are able to be traded than ever. But percentages have not gone up for those who win. Why? Because they're making both money both ways. Like a toll road. You have to be very careful. And like you said, they can change the margin requirements, times you can trade, or if we limit up, you can't trade certain products unless you're institutional or you have an account balance of 250,000 or more. There's a bunch of games because people don't play, don't read the agreements when you're signing up for the brokerage, be very careful that that happens.

[Troy]

I gave an example, I think a few weeks ago, maybe two months ago, etf, xt, fxtl. It had Micron as one of the leaders inside the etf.

[Shoddy]

I could not.

[Troy]

I could not trade options on it. It wouldn't let me. Just wouldn't let me. I tried on three different brokerages. It just wouldn't let me do it. So like.

[Shoddy]

Or if the VIX bikes up too high, they'll halt trading.

[Troy]

Oh yeah.

[Shoddy]

On a product, dram gets too hot, they'll limit how much money you can put into it. On the trading side, like you got to be. Or even in a futures market, you will have slips in your entry prices or it'll start to hit your stop loss faster and then whip back to where you wanted it to be. And then a pricing ladder calms down all of a sudden. That's why the time that you trade matters so much. If you're trading at 12 to 2pm sweep, that's when all the algos are really trading and the smaller firms are trading. There's a lot of pricing games they can play and ghosts and spoofing orders like. And with AI to all my traders in the futures and options market, you're battling ghosts. 80% of your competition is AI. Is AI. You're not trading against humans like how you used to anymore. You're trading against algorithms and agents.

[Ian Dunlap]

That's a fact.

[Troy]

Stay low, keep firing.

[Ian Dunlap]

Okay, what's the NASDAQ and S P's end of year target price?

[Shoddy]

Let me see. I don't even know if I want to get these, man. Because they're going to take them to trade. I have Nasdaq going to 33, 417 by end of year. Long term hold only, please. And then I have S p going to $7,994.25 for the, for the spy. 7.94. So I think we have tremendous.

[Ian Dunlap]

So you have NASDAQ only 33,000.

[Troy]

Nah, 33,000 by the end of the year. That's bold.

[Shoddy]

That's very possible.

[Troy]

That's great.

[Shoddy]

Like, you want me to remove my proclamation and go safer.

[Troy]

No, no, I want you to stay there because I'm.

[Shoddy]

Pause.

[Troy]

I was put. I had a conservative number. I had a conservative number. I didn't want to throw out my bullish number. But now that you said that, I'm like, damn, I had the S P at anywhere between 7, 900 to 8100 for. For the end of the year target. And I had NASDAQ at 26,000.

[Ian Dunlap]

It's at 26,000 now.

[Shoddy]

Well, yeah, NASDAQ is 29 now.

[Troy]

Maybe I put a type. It was supposed to be 28,000. My bad. This is. Yeah, 28,000. Yeah. Yeah. That bull case is crazy, though. And y' all know I'm a bull.

[Shoddy]

Yeah.

[Troy]

So there's still, there's still upward momentum.

[Shoddy]

Summer's gonna be rough. I want to be very clear. Write this down. July, August, like, when I get off stage Sunday, it's gonna be rough. But that September, October, November.

[Troy]

Yeah. How we get there, like, that doesn't mean there won't be volatility. It won't be choppy. But even, like, I, I, I had a few calls today, and I'm like, they're like, yo, is this the end? Like, oh, my gosh, it's down.

[Shoddy]

I'm like, asking, hey, yeah, go look

[Troy]

at what the VIX is. And then the next question is, well, what is the vix? And I'm like, oh, there's so much. All right, so go look at the volatility index and see how it's moving. Are we under 20? Yeah, yeah, we are. 18. Ah, nah, man.

[Shoddy]

When you see that start to move, VIX being down. Yeah, yeah.

[Troy]

When you, you know the numbers. When you see 25, we're getting to 30. 35. Okay, it's seatbelt time.

[Shoddy]

40.

[Troy]

Put your seatbelt on. Right. If you got the reserves, there's some opportunities will present itself when we're sitting at 18. Oh, man, this is just choppy board.

[Shoddy]

We've had eight weeks of the Vix being down. The Vix, which measures volatility. You'll be fine. Just hold for, like, put this in chat. Every asset that is worth owning on Earth is meant to be held for a long period of time. Like, notice like the third founder of Apple because it comes up once a year. I think Ronald Wayne sold his position early and then he always gets made fun of for selling out early. Right. Hold for a long period of time. The July and August sweep will not matter as much to you in November and December. Then we can have a conversation about 20, 27 and the correction. But even that, that's going to be an amazing buying opportunity. Put in chat. I will hold for a long term to become wealthy.

[Troy]

Yeah, we got the IPOs happening. So SpaceX, we're gonna talk about. Okay, okay, okay.

[Ian Dunlap]

What's the best market indicator? You talk about the worst market indicators last week. So, so what's the best market indicator?

[Shoddy]

Time. It's not Fibonacci. I know it's not the answer y' all want, but this is the answer you need. It's not Fibonacci. RSI. Stochastic balance of market power. Even EMAs how long can you hold for long term quality companies?

[Ian Dunlap]

That's it.

[Shoddy]

Even in your trades that go incredibly well. Like my best futures trade, like whether it was a swing trade that I held for three weeks or I caught a move right at the open and I let it run until the end of day. Time is your best indicator. You ever been in a trade, put it in chat and you lost at like 8:35. And if you would have just waited till 9:00 o' clock to take the move, you could have run a trade from 9 to 11 or 9 to 2 o'. Clock. Time is the best indicator. Now I know some of you gonna be like, oh, that's not what I wanted. It's what you need. Some of you are not rich or wealthy because you keep thinking and I'll ask you guys, because I haven't. I've talked to four billionaires. Y' all talk to 77 billionaires. Have any of them ever told you that the sma, EMA v WAP was the way that they got rich? It's always time and asset and the accumulation of shares, whether private, public. It was never anything short term. How many billionaires y' all met and they told you yo, RSI 70 yo did it for me. It got me to 1.2. It's not the indicator that they really use. The indication is Mark Zuckerberg. I put this up this weekend. This made me feel old. He's had Facebook for 23 years. Think about that. The real indicator is time. If you don't have enough time, I would suggest you stop effing off your time on things that don't matter and being outside and partying and buying things you don't need and build something that you're going to be proud of.

[Troy]

Time.

[Ian Dunlap]

That's a fact. Let's talk about Trump's trip to China. That was a very interesting dialogue between him and Gigi Ping and he brought all the CEO top CEOs with him and not a lot got done. And but one of the main things was that China ggping told Trump that, paraphrasing america is in a decline and China's in on the upward swing of things and it would be wise to work with China as opposed to trying to be opposition against them. And Trump said, yeah, you're right. He actually went on Fox News like, yeah, he's actually right. And Trump also pretty much said Taiwan, y' all could do whatever you want with Taiwan and told Taiwan it would be wise for them not to to to fight against China and Elijah. No, you said it.

[Troy]

Not in those words.

[Ian Dunlap]

But what'd he say?

[Troy]

He said that he wouldn't interfere if

[Ian Dunlap]

that's what he said that America would do. But then he also advised Taiwan that it would be ill advised for them to have hostility towards China.

[Troy]

Yeah, don't have hostility meaning like don't let them come.

[Shoddy]

We're not coming to save you. That may be the.

[Troy]

Yeah, it implies that. It could imply that if the greatest

[Ian Dunlap]

ally says we're not coming to save you and then also says be friendly with the people that's trying to take over your country and don't fight them.

[Troy]

It's implied.

[Ian Dunlap]

Don't fight them. We're not going to help you.

[Troy]

It's implied.

[Ian Dunlap]

It is what it is. It is what it is. So it's inevitable. But Ggping said that already. He said that it's inevitable for the reunification of Taiwan which for all intents and purposes should be part of China anyway. That's a different conversation for a different day.

[Shoddy]

But that's a totally different composite.

[Ian Dunlap]

Yeah, it's a British colony that was created by western powers to have a banking system in Asia. I mean, the Chinese people are actually right on that one. It's part of China.

[Shoddy]

Politics and religion.

[Troy]

Right.

[Shoddy]

That's what 50 Cent.

[Troy]

Yeah, it was part of Japan at one point. So I mean. Yeah, but I mean, here's the thing. What. What happened?

[Shoddy]

We don't.

[Troy]

I mean it feels like nothing happened. Right. The Boeing got some. Some orders. Right. They announced that. I think what specifically I shouldn't say a lot of people. I know what I was looking for. I was looking to see obviously Jensen being there. He wasn't on the first manifesto. Then he was added to the manifesto. Very strategic. He's the last guy off the plane. He's in China. What does that mean? Earnings is coming up. Is China now going to be able to buy H2 hundreds? They say that they could, but then China says, hey, you know, we're building our own thing. Jensen's been saying that the whole time. Look, if you don't allow us to sell, they're going to build. Which is happening. I feel like something else is, you know, like something else is coming from that meeting. The fact that the American delegation left and Jensen's industries of Beijing eating noodles tells me that he stayed there for a reason and having that in this week. And he knows that obviously that they're going to be reporting that they're quality earnings here. Very intelligent guy, very strategic guy. I think that there's more to come.

[Shoddy]

Jensen.

[Troy]

Yeah.

[Shoddy]

Oh, yeah, yeah, yeah.

[Troy]

No, you thought.

[Shoddy]

Yeah, just, just for clarity, because my mind's racing. Yeah, yeah, yeah, yeah.

[Troy]

I think that there's, there's more to come to the story between Nvidia and, And the Chinese

[Shoddy]

talk about the greatest hedge in corporate history. So much I want to say I won't. But the. My other thought though, after they got off the plane, looking like the financial avengers notice there were no software CEOs that predominantly have software facing companies. Benioff is really cool with. With Trump, I noticed he wasn't there. So I started checking off the. The list of people who were not there and what categories weren't there. That's even telling for who may not do well next year as well.

[Troy]

Yeah. Some CEOs weren't there. They sent representatives.

[Shoddy]

So that's interesting. Then that's when you like on a beat, like, that's when you're on like the plus one list. Like accommodations are less. The list of people who went

[Troy]

strong.

[Shoddy]

They'll be fine. Strongly strong. Yeah. I'm not gatekeeping. I'm telling the truth.

[Ian Dunlap]

And to the. Into the young lady that says, stop looking on the Internet and get a book. I don't have to get a book. I actually went to China. I went there, I could see Taiwan. I was in this most southernest region of China. Literally met with the locals, had a very educational conversation and was educated on a variety of different things that they don't. That they don't teach you in your school books.

[Shoddy]

And go ahead, Rashad Cook.

[Ian Dunlap]

Neither here nor there. SpaceX. Before we bring our guest on, I do want to talk about this SpaceX IPO. The biggest, probably going to be the biggest IPO ever in history. What do we have to say about SpaceX IPO?

[Shoddy]

Okay, zoom in, y'.

[Ian Dunlap]

All.

[Shoddy]

Listen, I got a revolutionary thought for you. I don't care what IPO it is. You gotta wait six months. It's like when Steve already put out the book and it was like, yo, make him wait 90 days. Y' all keep pushing back on the six months unless Jesus Christ comes back and IPO something. You gotta wait six months. Sorry.

[Troy]

Yes.

[Shoddy]

Will it be one of the biggest ever? For sure. Do you have to wait six months? Absolutely. And to the person who said I was gatekeeping, I was the one in 2021 that said China will probably invade Taiwan on this show. What am I gatekeeping, my brother?

[Troy]

We don't got political connects like that, bro. Yeah, yeah. You know what it is, is we. We said the Six month thing last week and stood by.

[Shoddy]

I think real quick, I can't say it because I don't want to get killed.

[Troy]

What was that? Oh, okay. That poor. No, protect us at all cost. And then we watched the rebus last week IPO and now it's like, oh, why did we have to waste it? All right, we'll give that time. Okay. Yes, yes. It was supposed to IPO at 110. They raised more capital. It got up to 185. They thought it was going to debut there and it opened and it was at 350. Great. For the people who were part of those seed rounds and some of those initial investors and some of that lockup period will stay here for the six months. All those retail investors who said, oh, we got to catch it on the way up. It debuted at 11:30, it's 351. By Monday morning we were down at 314. Surprise, surprise. And so let them actually have a quarter or two of business where they're actually reporting and we can kind of see these things play out before you invest. So does that hold true for SpaceX? Yeah, the same thing holds true, unfortunately, yes. They're saying to every IPO, 1.7 trillion. Who knows? By the time the IPOs, I think they, they're circling June 12th as a date that could run up to 2 trillion. Right. Like whatever the stock it could run up. Yeah, it probably will. It probably will.

[Shoddy]

Right?

[Troy]

Give it to.

[Shoddy]

You know who didn't, you know who didn't get keep autumn scientists that y' all won't say their name or support or send a cash app today. Family, I'm here to make you money in the market. If you want Alex Jones, you, you saw how they tore apart Alex Jones and he was, he was an ally. They're tearing apart sailors and he wanted them.

[Troy]

And there's going to be a lot of, there's going to be a lot of those IPOs, right, like we're talking about. OpenAI will happen at some point this year. Anthropic, they're looking for the fall of this year.

[Shoddy]

Data, data bricks.

[Troy]

The stripe has finally come back into the conversation this big. I mean some of the biggest IPOs in history, in the history are going to happen in the next 12 months. Which again brings, it's, that's a liquidity event. But also those mega caps and those hyperscalers that are invested inside those companies. Googles of the world and the Amazons of the world and the Microsofts of the world. Yeah, you're Going to see them have some pretty solid numbers when that revenue gets counted.

[Ian Dunlap]

Yes, sir.

[Shoddy]

Lena, I'm good. This is my passion talking. I'm in a good mood.

[Ian Dunlap]

All right, before. Before we go, can we bring our guests up? We got a special guest for the last segment. Hey, how's it going?

[Troy]

How you feeling?

[Rosina (The Biz Lawyer)]

I feel good. How you guys feel today?

[Troy]

I feel like you're in a throne and wearing chairs, but okay. Yeah.

[Shoddy]

Royalty. I love it.

[Troy]

You should have let us know. We could have, you know, perhaps done something with the place.

[Rosina (The Biz Lawyer)]

I mean, this. My chair that I have had.

[Ian Dunlap]

Had.

[Rosina (The Biz Lawyer)]

I tried to get rid of it, but then the office just doesn't pop the same, so I kept it.

[Ian Dunlap]

I love it.

[Troy]

It looks great. It looks great.

[Ian Dunlap]

So Raine up here, the biz attorney. So our favorite vendor, one of our favorite vendors. And, you know, today was a. A big day as far as announcing the Invest Fest lineup. So just wanted to have somebody that, you know, was really, at the beginning, I think you.

[Shoddy]

You.

[Ian Dunlap]

You were a vendor every single year, right?

[Rosina (The Biz Lawyer)]

Every single year. I was one of the first people to deck out my booth and have, you know, extravagant things there.

[Troy]

Yeah.

[Ian Dunlap]

And. And to see your growth, you know, and, you know, last year, I know last year we bought two chains and Angela Simmons, and you have, like, a prime location, and, man, you've been killing it. Well, if people don't know, trader, trademark attorney, as far as, you know, trademarks and licensing and copyrights and all of those things, but wanted just to have a conversation because we talked so much about different, you know, elements of Invest Fest. But to me, to vendor, Marketplace is really the. The heart and soul of it. You know, that's really, to me, that. That's black Wall Street. When you look at 400 entrepreneurs, that's a great point. You know, are in front of tens of thousands of people that's growing their business, that's, you know, offering their products and services, and people are coming from all over the world, really, to spend money with those entrepreneurs. Like, that's not really talked about enough. So, you know, we just wanted to have a few questions, but what's your thoughts? Can you give the people your perspective as far as, like I said, you've been a vendor every single year at Invest Fest. What's your perspective on it? How has it impacted your business? Like, what's your thoughts from just a vendor marketplace perspective?

[Rosina (The Biz Lawyer)]

Yeah. So for me, like, I think so I have a team. I have other attorneys that work here, and so the team is always looking forward to Invest Fest because it's a time where we get to connect with our clients in person. We've been a virtual law firm since I started the law firm 13 years ago. And so, like, Invest Fest has been one of those pivotal, pivotal events for us to step out and actually just meet our clients in person. And sometimes I was thinking, like, the best thing is, like, if someone's at the booth and they're signing up for a trademark and then someone walks by and be like, hey, I got my trademark registered and I signed up last year. And so it's like, go for us. Because it's like, it just gives that person who's sitting in the seat that year confidence because they're seeing people that are where our clients from previous year. So it's been dope for us. The team is always excited. I feel like sometimes I'm a bad CEO because I don't remember how long people have been with me, but my seat, my coo, she just told me she's been with us for eight years. My chief legal officer, he's been with us for five years. And, you know, they're, they're just as excited as I am. Like, my CEO, she already came up with an idea for us for Invest Fest for this year. And so, so I'm very excited about it. Very excited.

[Troy]

We're excited to see you here tonight. Excited to see you at Invest Fest, as always. Last year I felt like, I can't stop seeing you. Y' all were right there across from us and we're making eye contact for people. There's a lot of vendors who are going to be new to the space this year. How should they prepare in general, but how should they also prepare for that moment? Right. Like, you had hundreds of people inside that booth. You're trying to make sure that everybody feels like, hey, this is the service we want. How do you prepare for that and how should they prepare?

[Rosina (The Biz Lawyer)]

I mean, it's two things I say. One, you know, like how they say on the Internet, you gotta stop the scroll. Your. Your booth has to be attention grabbing, where people want to stop and come up. Because it's a lot going on in the marketplace and things like that. So every year we had the Legal Lounge, and then last year we did the Trademark Tea Cafe. Unfortunately, we couldn't get out tea because of the rules, but, you know, we try to make it a theme, but we had to switch up the Legal lounge because people will sit down and not want to get up. And so I'm like, okay, we gotta keep it moving. But also, too, the second important thing, like any real estate agent will say, is location, location, location. My first year, I remember my booth was right behind Jim Jones when he was launching, like, his bitcoin type of machine, something. And so that was amazing. That was great because I guess after he got off the stage, he came, and then the whole crowd followed him. But my second year, I would tell you guys the location. I wasn't able to pick my location at that time. And I appreciate you guys now for changing that, because they put me all the way on the back wall, all the way to the back, and I was like, dang, what? What did I do? But now I think the third year, you guys made it where you could pick locations. And so I'm always in touch with Mike, and I'm like, look, 1001, I need that. Right? And so 101 is off limits for all of you guys here. But patient is very important. And let me tell you that I didn't know at the time, but that's right across from you guys, right? So. So I can tell you the third year. It was like the end of the night, and I seen people, like, scrambling. They was like, y' all got an extra table and chair? We like. No, but what ended up happening was Jeezy ended up setting up right next to us, late as ever sign his books and stuff. But it. The line was wrapped around, and so it just brought, you know, a crowd, it brought traffic. So location is always important. And so. And then always like, what was it last year? You guys killed it because your book signing. And so now, you know, everybody's traffic. So, you know, it's always just making sure you can pick the right location and make it make sense for you. And I think you guys, since year three has, have done a great job with allowing people to now hand select their booth. But you got to also move early, too, and fast, because the good locations are going to be gone fast as well.

[Shoddy]

Yeah. What are three mistakes you see people make in the vendor marketplace and how to fix them, and how do you maximize your ROI from your location?

[Rosina (The Biz Lawyer)]

Yeah. So for me, for me, I think about it going into it three ways, right? One, to connect with my clients that I already have because they're entrepreneurs. I have over 6,000 clients, and so, like, half of them, you know, they are the ideal client for Invest Fest. Right. So they're coming, and then they, like, you know, I've been thinking about getting out of the truck. Let me just go and do it right here while I'm with you, right? And then we sign up new clients. But also the third thing for me, which I think a lot of vendors sleep on, is brand awareness, right? And also just creating content in that space to actually use offline as well. So for me, that has been the biggest thing because we were running Investors Fest campaign and also because I work with clients not just locally, but all across the country and the world. I make them feel like they should have been here, like you missed out if you wasn't here. But I'm in their face for a reason. And now they want to book their trademark. So not only am I running a special in the vending marketplace, but I'm also running one online because I'm creating. Everybody's watching. They want to see what's going on at the time because. Because it's Invest Fest, so we capitalize on that as well.

[Ian Dunlap]

So I gotta ask you some. Some business questions, some legal questions. I know we had Julian Brown. His episode went really viral and one clip went really, really viral where he said, it's a mistake to try to patent something because if you patent something, then it goes on the registry and pretty much it's just open source for people to steal your ideas. Big companies could take it, they could sue you. So he advised people not to patent.

[Rosina (The Biz Lawyer)]

So let me say this. So there's four different types of intellectual property, right? So a trade secret will last as long as it's a secret. A patent only lasts for 20 years, but a trademark will last as long as you use it. You will not lose it. I'm a trademark attorney, right? And so Coca Cola has been registered since 1890. Mercedes been registered since 1903. So what I will tell people is don't allow people to trick you out of your greatness and tell you that a trademark is not necessary. Now, what Julian was talking about, and I actually met Julian at Invest Fest, what he was talking about is a smart and it's a strategic move. But also what I would encourage Julian because he talked. He said he spoke to some CEO that was. I think he was the founder or the inventor of the something series, Something. He. He referenced the guy in the interview. What I would say is, is that Julian should probably talk to someone like Mr. Lonnie Johnson. Mr. Lonnie Johnson is an inventor that works for NASA who is a black inventor. Right. He invented the super soca and he actually won multimillion dollar lawsuits suits because people infringe on his patent. And so again, sometimes we don't. I understand his thought process behind it. Because when you do apply for a patent, all of your information is not a secret anymore. Right. And so you do want to, you know, talk through to see what's your better options. Because I always tell people the law is not a one size, fit all garment. What may been best for them may not be best for you depending on the of type technology. You know, you want to just talk to people and you might not have to disclose all proprietary things. Also I would say talk to patent attorneys who are looking out for your best interest. You know what I'm saying? I know a few of them if he needs that. But it depends, it really just depends. But as far as Mr. Lonnie Johnson, who is a black inventor who worked at NASA, who had a register pat on the Super Super Soaker and who has benefited, I would say, you know, that's probably somebody he would want to get his guidance from because he's been through it and been through the process. Another thing I would say is because he did talk about like fighting these big companies when it comes to infringement and things like that. But what they don't tell you is there's actually intellectual property investors that will invest in your lawsuit. They like, these are hedge fund guys and so all they do is is invest in lawsuits if they feel like the probability of you winning is a big chance. Right. So I see too many times where they try to trick us, us right out of our greatness, tell us not to secure our intellectual property. But when you have intellectual property, when you have, you know, assets, real estate like your, your portfolio can be so much bigger and so much valuable. So I would just say just be careful who you get your advice from and talk to people more so that been through it that look more like you. Because there's a lot of people out here that are trying to trick us out our greatness.

[Troy]

I appreciate that. Now, you talked about being with us since day one. Congratulations to you. I don't want that to go over our heads. You said 6,000 clients. That's a lot. That's a lot. So talk about scaling in this environment, obviously. I mean, it's tough out here for a lot of people, but your business is scaling at a time like this. I wonder, number one, how you've gone about that. Right. Because sometimes they say don't scale too fast. The other part is we talk about technology here all the time. Has AI been a part of that scalability and if, if so how you've been using it?

[Rosina (The Biz Lawyer)]

Yeah. So for me, I've been trying to use AI very responsible, responsibly. Like, I'm a CEO, so I want to be smart about things. I don't want to be the CEO like Blockbuster and block myself out of business and not pay attention to what's trending and what's happening. But I do want to be conscious about it. You know, like, I'm in the state of Georgia. I've been here since 2017. And, you know, Georgia has like, some of the. Well, we have. This is the state with the most data centers. And, you know, people are comparing, complaining about high electricity and things like. So I'm trying to be also conscious about the situation also, too. I just believe if we, you know, there's a lot of CEOs that want to replace their workforce with AI technology. But if we replace the workforce, then how can the people create revenue to actually consume the product? Right? So what I have done with my team is I asked, I went to them, and I said, how do you think AI can help you? I'm not a CEO trying to figure out how can I use AI to replace my team, but how can I create, how can they use it to benefit them so that we can have a more efficient process so the client experience is better? Because right now, truth be told, like, a fourth of our clients, they either tried to file their trademark themselves, and at one point they went through, you know, all these other, you know, Internet data companies. But now, lately, the biggest call we've been getting is, you know, I did my trademark with chat GPT and now I got an office action, and I can't figure it out, right? And so what I would tell entrepreneurs is like, yeah, you want to understand it. You want to understand how to utilize it in your marketplace, but also be willing to invest in your business and your brand so that you stand out. So people like AI is no competition for me. Like, I, you know, I've been ranked number eight out of over 33,000 trademark attorneys in this country. My law firm is in the top 50 out of for the past seven years because I do great work. And also, too, we got people here that really, we just, we just care, you know, we care about our clients, we care about their goals, even if they can't afford to do all these trademarks at one time, right? We're able to say, okay, well, let's work on a plan to do it in this way. So we use it in a way slightly, but consciously to help us enhance our process. But as a CEO, I'm not utilizing it to replace my team, if that makes sense.

[Troy]

I got you.

[Shoddy]

You said something very important earlier. How. What are like two or three ways you will know if an attorney is looking out for your best interest versus their own?

[Rosina (The Biz Lawyer)]

Yeah, so that's, that's a really good question. And what I was saying say is just always question where the ownership lies, right? Because I used to work in entertainment industry and I came in in 2013 where, you know, at this time everything was shifted from CDs to MP3s and things like that. And I'm looking at certain contracts where they still got breakage clause in the contracts. And you got to have a. That's willing to push back on that status quo quote, right? And tell you like, and point these type of things out. Because why do we have a breakage clause in a contract if we not shipping CDs or record players? And like, why you gonna charge me a 10 advance for that? Right? So you always want to question where does the ownership lies? Like, I look at a lot of our celebrities, and a lot of times they're being fired from projects that they created on their own. And it's like, well, what would. Who. Who was that attorney that was sitting on the side of you to allow you not to even own part of your project? So the people across from you to actually fire you from something you created? So now you got a question to ask yourself. Are they really sitting here on the side of you to represent you, or is it the best. Is it an interest on that other side of the table for them? So you, even if you don't really understand how to digest contracts and things like that, you got to just, I would say start with asking where does the ownership lies? And if they have a problem with that, and that's cool. Everybody don't want to be owners, but at least let's be some partners that way. You can't just ask me, you know, on a. Like Kanye. Kanye did it so well, people could call, I'm from Chicago, so you know,

[Troy]

I gotta get Midwest.

[Rosina (The Biz Lawyer)]

Yes, I gotta give it to him. Because, you know, the, the biggest thing that Kanye knew that was important was, was owning the name, right? And so when he knew, okay, if I own Yeezy, if they fire me, they gonna lose something too, because I take the name with me and it goes with me. So I would just say, when you're talking to different advisors and counselors, you know, push back and question those things. And if you don't feel comfortable with that, those answers get a second or a third opinion, because you Never want to be locked down, especially in a contract where there's a 20 year term or 30 year term and you locked into it and you don't fully understand it.

[Ian Dunlap]

So would you advise people for to use CHAT GBT or use AI to read the contract and so they can understand it.

[Rosina (The Biz Lawyer)]

So I would advise you get an attorney. Here's why I use CHAT GPT for certain things, right? Because I'm not the best marketer, right. But I also know how to put push back. For instance, lawyers are not supposed to pay referral fees. Lawyers, dentists, doctors, right, we're not supposed to pay referral fees. In the event you pay a referral fee, you could be disbarred to a non practicing professional or a non practicing attorney. I'm on chat and I'm talking about a marketing initiative. And chat like well Rosina, you should just do a marketing initiative where you do a referral program where you could pay people. And I'm like well Chad, according to the ABA rule, American Bar rule, I can't pay. So if it's, if you don't know that, right? Because AI is still learning itself, right? And AI is pulling data from every single person. If they don't, it's kind of like the blind leading the blind, if that makes sense. Now I'll tell you, I redecorated my office and redecorated my front room using, you know, AI and things like that. But for things that it remains revolves around your business and your ownership and things like that, you still want to have, you know, just a guiding principle. Because if I, if I had not cited that law to it and I didn't know any better, I could have just ran with it. And that's what we're seeing right now where a lot of people have utilized AI to file these applications and now it's wrong and now they got to pay us to either come in and fix it or, or now we got to file it all over again because it's just wrong to begin with.

[Troy]

The trademarking thing is pretty interesting. It's something that people should learn especially like if you are a vendor and if you have a brand, talk about the different categories and how many categories should you be trademarking your brand, that is your clothing line because until you try to do it, you don't realize that there's like be 20 different things that you could be using your name for. You might want to use it later. Do you want to protect yourself and get as many categories as possible or is it category specific? And then the other piece is, do we start looking at it from an international standpoint, depending on the size of the business? How should we go about that?

[Rosina (The Biz Lawyer)]

That's a great question. So there are 45 different classes under trademark law. So one through 34 is products, so goods, and then 35 through 45 is services. Right. And so if, let's say, for instance, you are a podcaster and you're educating people on investing, Right. And so then you want to also you launch an investment app, like teaching them and guiding them on investing principles. That may be two classes that you may fall under. Also too, for apparel, if you're going to launch an apparel line under that brand, that's also also a third class that you need to file under. Now, let's say you're gonna go to China to get those goods actually produced. The apparel line now under the US US Is a first to use jurisdiction, but China is the first to file jurisdiction. So I tell clients, before you even go and do business in China, because it's a different country and a foreign country, you got to understand the laws. And before you even develop that manufacturing relationship with your manufacturer, file the trademark first. Why? Because it's a first to file. And we have seen situations where clients in the US have went to China, you know, had products manufactured through China, and what happened is, is the, the deal falls apart or the manufacturer is somehow. So they filed the trademark in China, so now they're reaping producing. And this is how a lot of counterfeits are created and things like that. Now you can file your trademark in the US and you could file with US Customs, border patrol to try to keep some of that stuff out of the US but it's just best to have that protection there in here, because now you can go to the Chinese government and have those rights enforced over there. But if they filed it first, it becomes harder. And those 45 different classes, they apply internationally to all. All different countries. All the countries.

[Troy]

Gotcha.

[Shoddy]

For entrepreneurs and creatives, do you think they should trademark before they have traction, or do you think they should get a little bit of traction and then file for the trademark? I know you get this a lot, but for the audience, so I would

[Rosina (The Biz Lawyer)]

ask you, would you build a house on land you don't own?

[Shoddy]

That's a great conversation. No, no.

[Rosina (The Biz Lawyer)]

So if you're not, if you plan house with your business, then, yeah, go, go try to get some traction. But in this day and age where social media, we got the Internet, we can't. If you're not. If you're in this, with this business and you're about to invest your time, your money and your resources, you need to secure the brand first. Why? Because so many brands can go viral so quick, right? And now under the law, if your brand goes viral really fast and what the government can say is it fails to function as a trademark because it actually can't. You can't identify who the source is because it took off so fast and it's so rapid, right? So like that big case where they were saying like those two guys trademark White Lives Matter and Kanye not gonna be able to use it. Like any real lawyer who took trademark one on one knows that that was just a lie. That whole story was a lot. Why? Because Black Lives Matter is not a trademark and can't be trademarked. Why? Because the government had already said it failed to function as a trademark. So Black Lives Matter can't be registered. We know White Lives can't be reg. White Lives Matter can't be registered as well. And plus Kanye actually, and it's not something I agree with, but he used it first, right? Because the US is a use based. Now here's the thing, you could do your business and it could go viral like Mr. Tendonism and things like that. And because you have first usage, you can prove that you found it first. But then it's going to cost you 25 times as much to file what we call the opposition to the application that was filed before yours in order to prove that you were the first user. And you will have the a burden of proof to show that you were the first user. So that's why I just tell people if you serious about the business, you know, this is something you're. And if you're about to invest more than you know what the trademark costs anyway, you might as well just protect it because you're protecting your best investment. Like we all protect our cars before we drive them off the lot by getting insurance.

[Ian Dunlap]

Well, I appreciate you, appreciate you coming.

[Shoddy]

You're amazing.

[Ian Dunlap]

A glimpse of the brilliance that sat Invest Fest. And like I said, we're going to highlight just a bunch of different people that are very integral and wanted to start with the vendor marketplace. And you're somebody that's been in the vendor marketplace since the beginning. So you know, we definitely thank you for always coming to Invest Fest and adding so much value. And like I always tell people, you never know like who, who you're next to. Like it could be somebody on stage. It's a be minded in the Marketplace. It could be somebody at the food truck area. It could be somebody at your hotel lobby. So many brilliant people. So many brilliant people. So much brilliance. Like you know, don't just get caught up in celebrity. Don't get just get caught up in like headline. Like there's so many brilliant people all over. And that's, that's the real, I think you know, gem of Invest Fest is that some of the brightest minds in the world come together under one roof. And I mean great things happen when you put so many smart people in, in, in such close proximity. So once again thank you and tell the people how to follow you. Just your social handle and, and website and all of that stuff.

[Rosina (The Biz Lawyer)]

Yeah. So you guys can follow me on Instagram or YouTube at the Biz Lawyer. I think my YouTube is the Biz Lawyer one. So that's T H E B I Z Lawyer. I'm also teaching a free webinar May 21 about trademark. So if you guys want to learn more about that, you go to slay your trademark.com and register. It's Thursday at 8:00 o' clock at night. And then one thing I just want to say about the vendor marketplace as well because I'm working and I'm always working, I rarely get out of the marketplace. But it's so much and I always just encourage you if you are entrepreneur, it's a great way to expose your business to so many other like minded people. Like I hate that I miss the program and most of the time but people like the traffic is flowing through that. I don't want to leave my booth because I don't want to miss when I don't, you know, like I go to the bathroom and they be like Rosina such and such came by, they want to take a picture with you. You right. And so it's I, I'm always encouraging my clients who say they want exposure on their business and things like that. You got to invest in your business. I've been here for 13 years because I'm always invested in my business and that's one of my best investments for my year is being a vendor at Invest Fest because it is three ways we get our return on that investment. So I encourage you all if you are an entrepreneur, entrepreneurs to make sure that you guys get a vending booth like you. You will absolutely love it.

[Troy]

Appreciate that.

[Ian Dunlap]

Appreciate that.

[Shoddy]

Thank you.

[Ian Dunlap]

Thank you so much. We look forward to seeing you and yeah, we'll be talking soon. Thank you.

[Troy]

We definitely gonna see you. Yeah, for sure. Yes.

[Rosina (The Biz Lawyer)]

Because I have 10 on one.

[Troy]

So if you guys exactly

[Rosina (The Biz Lawyer)]

see me again, for sure. And I just want to tell everybody who got questions in the chat, visit us At Slay your trademark.com and then register for the free webinar Smart appre.

[Troy]

Have a good night.

[Ian Dunlap]

Thank you.

[Rosina (The Biz Lawyer)]

All right, good night. You guys have a great.

[Shoddy]

Okay, amazing prime example. Come in. Give value, aesthetic, kill value. Kill offer at the end. It's a great information.

[Troy]

Yeah, the information is top tier. Top tier.

[Ian Dunlap]

You learn.

[Troy]

Like I said, sometimes being in the process, you get to learn a little bit of it. Obviously, we've been through the trademark process a few times. Having to renew trademarks, having to figure out international trademarks, having to figure out what categories, taking sample pictures, all those things. And then you get somebody like her who knows all of it like the back of her hand. It's just like, oh, this becomes a resource now. Shout out to him.

[Ian Dunlap]

That's a fact. Man. Man. So much information. Get your tickets to investors.com blackout. We got a lot to talk about. We're gonna talk about the150,000 school that popped up. We gotta talk about that for sure. We gotta talk about Max B saying that he's. The guy was fourth best rap out of New York ever.

[Shoddy]

Max, love you. Stop.

[Troy]

He said, I don't know. Lyrical. I'm just trying to figure out. I saw you pose a great question. He said albums and mixtapes and things. I was just like, bro. We was.

[Shoddy]

I don't. I can't give.

[Ian Dunlap]

Respectfully, I can't respect to Max B. But when you start talking about DMX and Rakim, they even say 50. I'm just saying 50 cent.

[Shoddy]

Jada.

[Troy]

Yeah, he was. He said Rakim was a God, but like fabulous.

[Shoddy]

What?

[Ian Dunlap]

No, it's too many.

[Troy]

It's too rap.

[Shoddy]

Like it's a bunch of

[Ian Dunlap]

Busta Rhymes.

[Troy]

What?

[Shoddy]

Bethel?

[Troy]

What? Shebang?

[Ian Dunlap]

I mean, Nicki. The women. Nicki Minaj.

[Shoddy]

Nicki Minaj. What?

[Ian Dunlap]

Cardi B. Kim, Fox, Remy.

[Troy]

Yeah, I mean, obviously, right?

[Ian Dunlap]

That was a. That's a bad one. That's a. That's a bad take. That's a bad take. But we gonna talk about it. That's a bad take. That's a. Historically. That's a. Historically.

[Shoddy]

I'm not mad at the marketing, but come on. We gotta do the marketing based in reality. Cam. Come on.

[Troy]

I want to bring up right from your own block.

[Ian Dunlap]

I mean, French. French.

[Shoddy]

Hello.

[Troy]

Right, right. How'd you jump in front of him?

[Shoddy]

Big L.

[Ian Dunlap]

Yeah. Was. That was different. That was. That was surprising. That was surprising. That was surprising. That was surprising.

[Shoddy]

It's tough.

[Ian Dunlap]

It can never disrespect X man. Please don't do that.

[Shoddy]

One greatest all time.

[Ian Dunlap]

Please don't do that.

[Troy]

Can I get an Iceman segment?

[Shoddy]

For sure. We're gonna talk about it.

[Troy]

I have my camera ready.

[Ian Dunlap]

Private equity deal. 2 billion. 2 billion on the private equity

[Shoddy]

changes the game. Shout out to the boy.

[Ian Dunlap]

Three albums in the top five.

[Troy]

Shout out to Mike Jack. He got the number one single in the country. See that?

[Shoddy]

Yeah.

[Troy]

Billy Jean. Number one song in the country.

[Ian Dunlap]

Shout out to Michael Jackson.

[Troy]

I don't think that's. And it wasn't even a number one single. But it is now.

[Shoddy]

Tough.

[Troy]

That's crazy. That's. That's legacy right there.

[Shoddy]

Yeah. For real Overcast. Shout to you. Shout to the gang. Make them pay. He got one of the ones.

[Troy]

Six side

[Shoddy]

hell of a counter and allegedly another album. Well, I don't know.

[Troy]

Hey, easy man. Save that. Save that. Don't. Don't give don that away. Save that. Yeah.

[Shoddy]

Tori, love you.

[Ian Dunlap]

All right, y'.

[Troy]

All. It's been real peas on the table.

[Ian Dunlap]

Tap in with you.

[Troy]

Y' all be good man. Happy, happy birthday in advance to my brother in law Dave. Happy 50th, my brother. Happy happy 50th. That's a fact. Love is love. Reach out to your people. One text, one conversation can change the director your day, day life. Make sure you do it. We'll see y' all on Wednesday. Love is love.

[Shoddy]

Hope for the long term. Quit trading. Not quit trading, but primarily hold for the long term. Yo.

[Troy]

Strictly for live men, not for freshmen.

[Shoddy]

For real.

[Troy]

I know that. Stay low, keep firing. We out.

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