For me, entrepreneurship has always been the way. Investing is important because it's the only way you are going to be able to rich and wealthy for your family. We can >> we can >> close the wealth gap >> wealth >> by working together. >> Market Monday is the biggest investment show ever. >> My life has literally changed since watching EM. >> When you can make people money and you can add value, they're going to be forever indebted to you. >> And I promise you this year I'm going to make all even more money. Disclaimer: Do your own research. Our content is intended to be used and must be used forformational purposes only. It's very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with or independently research and verify any information that you find on our show and wish to rely upon whether for the purpose of making an investment decision or otherwise. Let's build our knowledge, our community, and our brokerage accounts. Love is love. >> Love is love. Happy Monday. How you doing? >> Love is love. We good, man. How you feeling? How you feeling? Welcome back. It is uh first Monday of July, man. July 6th. >> Shout out to all the cancers out there. It is uh a bit rainy here in New York. We we came off of a heat wave and now >> it's like >> a storm that is just won't go away. So, we we blessed to be here though, man. How you feeling? Bless Holly Favor Charlemagne. I'm great though. I had a great fourth. Um, happy to be back here. Shotty, how are you feeling? I know there no flamingos in New York, but there was. Well, you were. Are you, my brother? >> Perhaps we brought them back. >> I'm good. I'm good, man. Back. Back. Shout out to the good people of Aruba. >> Was out there for a little bit. Um, but I'm back, man. You know, we are getting ready for Investfest. Got a lot going on. Um, big week for for us. We are live episode on Wednesday of Blackout for you live warriors out there. >> Oh, why does that matter so much? >> Like, walk me through the content strategy. >> Oh man, >> are you guys live today, bro? Information. >> This is live. >> Is your account live? >> All live. >> That's what matters for real. Fact, >> but we here live >> or not? >> We here. We here. Blackout will be live on Wednesday at 9:00 Eastern Standard Time. So that means we can answer questions from the audience, >> real time pivot in and um questions if we need to. It's going to be fun. It's going to be fun. Um 9:00 Wednesday, very important. Thursday at 12:00 Eastern Standard Time, we got a dope entrepreneur, Su Pro. Um, man, she's revolutionized the salon suite business. >> When you're talking about, you know, entrepreneur ATL salon suite, she's going to be at Investfest. She put together a whole panel for Investfest, but this is heavy in the salon suite business. When you're talking about eyebrows, when you're talking about nails, when you're talking about um hair, uh, male and female hair, by the way, uh, makeup, >> the salon suite, we we studed this twice already. This is the third time cuz each time that we've covered it, it's been a different spin on it, a different take. Her take is different from the last person that we had. Jay Majes was the last person. He owns the real estate, a real estate play. >> Her thing is she leases. >> Um, sometimes she leases to own the property. Sometimes she just leases, but she it's a whole it's a whole business model how she how she handles it. Six months free. She said she gets six months free out the out the deal. Sometimes >> no rent. No rent. She said, "Oh, interesting." >> Yeah. Her model her model is interesting, but it's effective. And she's been able to to scale it. I think that'd be one of the things that we forget about business is that, oh, we we got it up and running. Oh, we're doing we're doing well. We're making money. Can you scale? And she's been able to do that. I think that's dope. Like when you compare contrast some of the past episodes in the space and how everybody does business differently because you can take that as a gumbo soup and say, "All right, well, I'm going to take a little piece of each of them and create my own path." So, this is definitely going to be one of the ones that you should be taking notes but figuring out a way to create your own path to scale. >> Yes, sir. >> For sure. Yes, sir. And um >> yeah, we got a lot we got a lot about in the Blackout. So, make sure you make sure you tap in the Blackout. Few more announcements we'll make later on in the show. Ian, any announcements? >> Um, if you want to go get rich from the market, go to Ianvest.com. I've been dropping clips and Telegram from our stock club call, but the replay will be out this week. Uh, prices will be out this week as well. If I made you money, please put yes in chat. Red panda. Let me get some red pandas in chat and let's have an amazing show. >> Oh, and shout out to my guy Dave Shan's social proof. Oh, me and Shotty Kill on stage. Shout out to Jessica Troy and DDG. >> Yeah, shout shout out to Dave, man. That was that was a good event. >> I was, you know, we've been watching him on social media. Obviously, we know him in real life, but to watch him promote the event, to see the turnout that he had, I thought that was really dope, man. So, shout out to him and his entire team. We know what it is to put on event. So, we know that >> that leadup and actually being there and executing and then having the next day to say, "All right, we got it done. How we looking for next year, man." So, shout out to him. That that was pretty dope. >> Yes, sir. >> And happy birthday to my nephew, man. He's officially a teenager, Xavier. Happy birthday, my boy. >> Happy birthday. >> Happy birthday. Okay. Um, let's get it. Investment fact of the week. >> It's a few of them. Um, number one, on a 5-year rolling basis, US stocks have outperformed international stocks. We know that. Number two, um, July on average is up 3.2% for the month of July. So, for everyone who's worried, we were talking about it earlier. Everyone who wants to be a perma uh bear and short the market, this not a month to do it. July is usually really good. Number three, Google is projected to double to $247 billion in profit in the next three years. Um, the Russell 2000 climbed 22% in the first six months of the year. The ticker is IWM if you want to invest into it. SMH was up 2% today. Microsoft cuts 4,800 jobs. And a post that went kind of viral. >> It cost $33,000 to raise one child in the United States of America. To all of you dads who get on the post and say it doesn't cost that much, you're telling on yourself that you don't know what the rates are. ease up. Like unless you are in Iowa or certain parts of Arkansas, you're telling that you don't pay for the child support and then a child care And one of the biggest businesses that private equity is starting to invade is child care services. This is part of the reason why we'll talk about that more in blackout. But the lesson from that I want you to take because when I first had Xander, the number I think was 115. to see that number balloon from one to 15 to 303. By the time our kids have kids, that number will be a half a ticket. And that's for the long term. >> Okay, that was that was a lot of facts right there, man. >> Real quick, >> all all of them are good. >> I saw an interesting fact um about I'm glad you brought up SMH and SOX because we've been seeing kind of volatility in the semiconductor space, definitely in the memory space. uh but SOX uh X and SMH have traded between two and a half to 4% over the past 10 days >> both negative and positive and so for newcomers to that what does that speak to yes volatility but also means that there's consolidation if something goes up 2% down with 2% up 2% so you're starting to see that sideways pattern of consolidation which means number one is it a retest or is it a reset right are we seeing profit taken or are we seeing something that is going to be more drastic I think this is going to be a big week in determining what we're looking at in this this little short term of volatility over the past I'd say three or four weeks obviously with uh Samsung reporting uh actually in in the next half hour we got TSM and ASML next week and then we'll talk about SKH IPOing this week. >> Yeah, a very big week to see where this consolidation is headed. Can we be consolidating and and now having an uptrend or will we consolidate a little bit longer throughout the summer? Steve, what's lame about reporting the facts and taking care of your family? >> I put the >> Oh, we live, man. >> We live. I putting the money away for my child till he's 43. >> What was SL about that? Let me help you. I love you dear dealer from the bottom of my heart. >> From the depths of my heart, I love you >> for real. >> Number two, king number. What is the uh what does that mean when he has a number two next to it? Crown number two. >> Um I think I'm not sure what that means. >> It's a XP thing. Does that mean that they like every time they come? >> Yeah. So they get like Okay, that's a regular. >> Thank you. That's >> I appreciate that. Love is love. >> Yeah, that's love. Oh, and and shout out to to Crystal. Uh last week I reported she started with 10,000 grew her account to 343,000 from investing into the market long term. You can get big gains from holding longterm uh without futures and options. Now if you put the futures and the options with it in combination infinite options so um I think that's pretty dope. >> Um okay, shout out to all the community. Shout out to the community digital. Um, I I will say this before we go into the next topic, Investfest. This year, Thursday, we're doing something that's never been done before. We're doing a um all day Investfest for the youth >> and it's going to be schools. I think is how many schools? >> Uh right now we have six schools. We have over 500 students from New York and the Atlanta greater region. We've been doing it for the past five years of bringing kids down from New York and kind of like saying we could just show them the possibilities and almost forgetting that we're in a major city that has plenty of high schools and plenty of young people um that are willing to learn and have access to information at a higher rate when you're talking about all the entrepreneurs that are in the city of Atlanta. And so we're bringing Atlanta city schools uh this year as well. We had some talks about bringing some other cities which I'm sure we'll do in the future. But I'm excited for it, man. This is people have been asking for it and they, you know, we used to get the question, can my kids come to Investfest? >> So, here comes your answer. >> We're starting out here with with the high school students. Um, and it's going to be a full day of programming that is catered directly to and for them. It's going to be incredible. I'm looking forward to it. >> Yeah, for sure. Um, speaking of cater, so we're going to leave some open spots, too, for people that if your child does not actually go to one of these schools, we'll leave some spots open for kids that can go to this um outside of just the schools that are going as a collective unit. But th Thursday, >> that's uh the opening. That's uh August, >> what is that? August 6. Yep. August 6. >> August 6. >> Now, it's 300 kids. 400 kids. >> We got 500 right now. >> 500. So, here's an opportunity for a business owner in Atlanta if you're interested. We are looking for a caterer. We're looking for a caterer. We don't got to be nothing crazy. These is high school kids. Um, you know, lunch is not we're not putting together a fivestar dinner, but you know, we just need a cater lunch. Um, we respect the time. So, obviously it's not we don't respect anybody to do it for free, but a discount would be appreciated and we could use the barter system. You know, we could definitely highlight your business. Look, this is our opportunity. We could we could figure it out. We could figure it out with it's mutually because this is not paid. We we don't we're not getting paid for this. This is this is these kids are free. They they come in for free. So, we could figure out something that's mutually beneficial. to a business owner in the greater Atlanta area if you're interested in catering >> a lunch for high school students that's learning about finance on that Thursday if you are interested >> serious inquiries only please DM valid_o he's in our bio link in b like in Instagram if you go in our bio he's the co his name is Abdullah. All you got to do is just go to the bio. His He's tagged in the bio >> and better if you're in Red Panda. So, shoot me a message if you are. I connect you, get you a little highlight, >> talk about you on stage, invest kids. >> We we got some more announcements. Uh Ian and I had a conversation. So, as we get closer to the event, we'll we'll let go of some of the announcements that uh we have in store for our young adults. >> That's a fact. >> We appreciate you, my brother. Only the family. >> Yeah. >> So, if you're interested, no baloney, though. You can't >> No bologoney. No toast. >> If my kid can't eat it, I'm not going to let that. If you need some subsidies, I'm I'm feeling like uh Brad Gersonner. If you need some subsidies, I got you. I'll add to it. >> No baloney, please. >> Yeah. >> Nope. >> You got to be a Norway play. Import the good food for the kids. >> Yeah. Please. Please. >> Yeah. Yeah. Yeah. Don't don't don't feed the kids anything you wouldn't feed yourself. >> Yeah. >> A lot of these people are eating baloney themselves though. That's another story. >> Baloney with the baloney with the mustard sandwich. >> We talk about that later on. >> Most nights a sleep for dinner. So yeah, if you're interested, um, hit up AB, um, valid_ASO. And, um, I, yeah, you know, hey, look, there was a water company at one point in time that actually gave out free water at Investfest. >> They turned out to be the official water sponsor of Investfest. >> Fact. >> And now, and we had an episode with them. >> You never know how these mutual, you know, you never know, you know, these things come. Can I be honest? The best way to get in the door is by doing it for free. Like even to this day, we do it. This is my favorite model. Results. I talked about it at Chance thing. But if you really want to break out, give the result in advance. Yes, it may cost you a little bit upfront, but to build a relationship, get in the door, now you're first on the draft board. >> That's a fact. >> It makes a world of difference. >> That's a fact. >> Yeah. Just go. Yeah. um our sprinter guy official official official transportation. >> I used him just to get from the airport just now. >> He he how he got in with us is he gave us the sprinter for the first year for free. Now he's the official transportation any anywhere in the world that we go. He's the official transportation guy that we use. So >> look, sometimes in life you got to, you know, it's it's one of these things, man. Relationships. >> Relationships. >> And I've said it before, I'll say it again. picked a hundred people that you would do that thing free for some of them. Of course, let's say if you give away a 100 services and 15 buy, make sure that the pricing model matters where you can make the return on the 15. But then if you have them for multiple years, same thing. He reached out to me, hey, you need a transportation. Ah, bro, I want to get taxes. Like, no, I got you first. Now, second year, he made his money. >> Oh, is you your dad? How many red pan do you got? 12. Oh, I got you. I got you. I got that bill. I said, "Woo, >> double up." >> Invoice. The invoice came year two. For sure. >> For sure. We're happy to pay it. >> That's a fact. That's a fact. >> Safety. >> Oh, >> it's paramount. I got a question. Go ahead. >> The last thing I'll say about Investfest, too, congratulations to the brother that met his fiance during Investfest weekend. >> Um, legendary story. This year at Investfest, we are doing a singles lounge. >> There's a lot of single women >> that come to Investfest. There's a lot of single men that's really getting to a bag that got their their head on their shoulders. That's intentional. There's a lot of intentional men at Investfest. And there's a lot of business baddies >> at Investfest. So, what better way to foster >> the nuclear black family >> than to actually have an incubator >> and um it's gonna happen by happen SAS any anyway >> for sure. >> So, we wanted to actually have some level of structure behind it. So, this year we are we are having a singles lounge first time ever. Or if you're an Investfest ticket holder, all you got to do is go to the website and sign up. There's no extra charge. There's no extra fee, but it is limited. First 200 people, first come, first serve. I need a ticket or like I get VIP access for my keynote. >> So you are you on the marketing? You've been promoting. You've been promoting. You've been promoting. You've been promoting this. >> I saw you. I saw you in the comment section. We all saw it. >> Are you on Are you on the market? >> No, I'm not on the market technically, my brother. I'm adding to the value of the brand. I'm licensing my brand with the new event activation to make sure the activation go up. It's >> the technicalities. Okay, brother. Got you. Okay. >> You call it Fibonacci retrace. What's the retracement level here? >> So, yes. >> Okay. Okay. >> Yeah. Okay. Okay. >> Good to know. >> Cuz you >> I got you Wednesday, though. >> Got you Wednesday, >> man. All right. All right. All right. Let's get it. Let's talk about this Trump situation. So, first thing I want to talk about is the Trump accounts. So, Trump accounts have launched. >> Yeah. >> If you're not familiar, so the Trump accounts is $1,000. They will be invested into eligible newborns. Any if you sign up, you have a child, $1,000 gets invested into an account, gets invested in the US index fund, grows over the course of um I think until the child takes it out. Until you take it out. >> Yeah. Yeah. If they >> Let me finish. I'm just saying they could take it out um anytime before 18, but it's penalized obviously like I >> You could leave it in longer than 18. >> Absolutely. Yeah, you should >> from and it's actually retroactive as well. 2025 to 2028 is the qualifying years. It's invest in a US index fund and you can add money to it to it as well. $5,000 limit as far as how much money you can add. >> Um, and access begins at age 18. So, this made a lot of news and we had a conversation in Atlanta about I would be interested to know how many people actually taken advantage of this >> cuz we talked to somebody who was actually a mother. she had vaguely heard of it, but she's like, I feel like there's a lot of people that are not familiar with this >> or are not totally enthusiastic cuz it's Trump's name behind it. So, they're not even going to follow the process or it's just a barrier of you got to actually go online and you got to sign up and it's like that's a hurdle within itself. So, >> Mhm. >> the people that need the need it the most, that can benefit from this the most, I have a strong suspicion they might be signing up the least. >> Yeah. Do you think they have a branding and messaging problem? I wanted to ask you guys this. Like, do you think a lot of our community won't sign up just because he blasted his name on it? like if it was called a >> financial freedom fund for children or something like that, do you think it would have had more traction? >> That's kind of how the conversation was kind of came about. It was the idea of number one, who's going to sign up for it. But I think the missing piece is the education. I think most people don't even understand what it is or what it's for. Had it been named something else, I think there's a certain segment of the population that would have said, "Okay, we need to do this." Obviously, there's a there's an emotional attachment to a certain demographic of the population when you hear the name. And so, the question is, can you separate something that might be good from the person that is actually putting their name on it? That's tough for a lot of people. >> There's a barrier there. There's also the barrier of trying to figure out how do I get it? Now, the kids who are born January 1st of 2027 automatically are enrolled. the children that are born between that's that that works but the children that are born between and again you said everybody can sign up for it the people that are born between 2025 to 2028 get the $1,000 government funding the process of signing up for it and shout out to PJK he called me he was like I'm signing my daughter up for it but yo this form is crazy so the form >> like if if you're a CPA this is new >> barrier of entry >> this is new so this is new so the forms got released today so you can see how to sign up for it it's called the 4547 form pro play like >> marketing again. He's 45 and he's 47 and this is his form and these are the accounts. Um but again, how many people are going to actually go to the website, sign up for it and say, "Okay, now what do I do?" So I think where I landed on it was the education piece is what's needed. Can we educate enough people for them to understand that this is an account that could be beneficial for your child? Yes, >> there are 60 million people eligible. I think they said 6.1 million people have signed up already. Out of the 6 million that have signed up, only 1.4 million were eligible for that a thousand. So that means that those kids were born between that 2025 Jan 1 to it goes to present day. Um, which is interesting, but there are barriers, right? There you have to make a certain amount or under a certain amount to even qualify for it. So I think most of the people out of that 1.5 that have signed up had made under 200,000. Now we know a lot of people in our community make less than that. So it's about getting the information out. Now is that our job? I think that's where we kind of were figuring out where our debate was going. Like is it our job? Is it mandatory that we explain it to people? And I said I mean I landed on if education is what we do then yeah part of it is to educate the people on what this is and and how it could be beneficial. but also is the barrier to entry and the lack of education intentional with a kudos to Brad Gersonner because this was his idea and this baby from alimter capital but then with all the resources that you have like you said there's very little education on it the barrier to entry is difficult there's also a thought of why only a thousand or why kids of a certain age are not automatically included my thing if you're if you're creating a platform for financial freedom for the kids, which is a brilliant idea. Are some of these roadblocks done intentionally and by design? >> Um, I think anything with government is going to have a tremendous amount of roadblocks, but even the people that's automatically enrolled. >> What does that even mean? Right? Because you could be automatically enrolled in a like John O'Brien has spoke about when he was on the show last year, >> how many people are eligible for the child tax credit that never take advantage of it and it's billions of dollars in unclaimed money. >> I have a strong suspicion it's going to be the same thing with this. >> Yes, you might be automatically enrolled in it, but you still have to sign up. You still got to actually go and fill out. There's going to be a variety of people that do not do that. People don't trust the system already. >> For sure. >> People don't want to just automatically input their child's social security number, all the information, all that. It's a >> you're going to lose half the people just by doing the form. They gonna get like PJ said, Kev said, like I'm halfway like what the hell is this? It's too much. >> It's a good idea in theory for sure. Even $1,000, like I just did the math. If it's $1,000, if 12% compounded, let's just let's just say 20 years, let's make it a even number. $1,000 in 20 years is is $9,650. >> $10,000 ain't never been $10,000 has never been bad for anybody in life. >> And that's 18. >> That's no contribution. >> That's no contribution. So at 20 So but at 20 years old, the vast m I didn't have $10,000 at 20 years old. >> The vast majority of people don't have $10,000 at 20 years old just waiting for >> Xander. You hear that? It's the like that's the reality. We I know adults that don't have $10,000 saved right now in their 30s and their 40s. >> So imagine having that at 18 and like you said again that's with no contribution. That's just if the $1,000 is just sis you you can contribute to it. >> Well that's so that's what I'm do next. So $50 a month if you add $50 a month just $50 a month. If like, okay, the government's going to give you $1,000. You as a parent, if you add $50 a month to that, at 20, now that's $53,700. >> Yeah. >> Now that's 50. Now that's $50 a month. Just as low as $50 a month. >> Mhm. >> Makes it $53,000 at age 20. And $100 a month >> makes it $109,000. So >> no, it's real. I mean, that's >> it's real where it's a small investment over a long period of time is life-changing. Like, I put the post up three weeks ago. $250 in in uh per month is 350 grand. Like, I don't know where everyone is financially. $350 grand at any part in adulthood is a windfall that would change a lot of people lives. >> But look, but this is just just reading the comments. This is the distrust. Sounds like a setup to me. Another Trump scam. So, and not even judging whether they right or wrong, but I'm just saying that's the sentiment. >> Sentiment is why there's going to be people that's like, I'm not I'm not doing this. I'm not >> I'm fully like with you on that. Like, I I don't disagree that people will have a negative connotation when it comes to it. Like, I can't say this guy's name in front of my mom. Like, she doesn't even want to hear this man's name in her house, right? So, let alone that there's going to be an account associated. Now, obviously, I'm not eligible, but kids are eligible. And so there's the other piece to it and I always said watch the room and we were talking about this earlier but look at who was in the room with him, right? Kersner was there, Michael Dell was there. Why is Michael Dell there? Well, he's saying look, we're going to donate 7 billion. Well, where's the seven billion going if the government is giving a thousand? Well, there's still people who are eligible that will be able to have money from private institutions that will put uh uh money in the account. So they're they're I think they're allocating $250 to uh accounts that uh qualify. Then you have Micron saying that they're going to donate 600 million. And so uh you're starting to see more institutions. I know Chipotle is added to it. More institutions are finding a way. I'm sure there's an incentive for them to do it maybe from a tax standpoint >> to be part of this and help fund the next generation. But only thing that's going to do is make the wealth gap even wider if people that need it the most don't take advantage of it. Because it's if you going to get upper middle class people that's going to now have $20,000 to give their kids when a poor person they don't have anything. >> I think it's a cap though. So I think there might be like you have to make under $200,000. >> 200,000. Okay. That's upper middle that's upper middle class if you live in >> Ohio. So if you make $200,000 and you live in most part of America, you know, you living a pretty decent life >> for sure. And now that community is educated enough to take advantage of the situation and now they giving their kids even they already had a head start and they gave them even more of a head start where the person that's making $37,000 that's just struggling to really survive. >> Either uneducated or fearful or doesn't have the wherewithal to figure it out. doesn't take advantage of it. So now a wealth gap is actually just increasing over the course of time because you already given the people that already had a head start even more of a head start. >> So then that become that becomes what's what the then what role do we play in it, right? Do we educate? Because I think the education piece is important to give as much information that we know so we can tell people and and hopefully they make their own decision >> where other people I know are just going to ignore it and miss the opportunity. This other part real quick. >> Go ahead. >> Y'all mean to cut you off? We We've done a part. The great part. Okay. Write write these four down. SP YM IVV I T O T SPTM. As soon as I saw the layout, I said, "Damn, >> there's two tattoos." I've been telling you VTI VGT before Trump fake news had the fund for Make America Great Again. I already gave you the plan for your kids to get rich. Are you investing into it? Pick the amount whether and people say, "Well, I can't afford it." You can afford 200, 100 >> cuz all the other services and au and child care cost way more than that and they don't give you as great as a return. >> Pick the four that you're going to marry. But even if you don't want to do this Trump account directly, you can do SPYM, you can do QQQM. Balo talked about QQQI. Pick an asset that you're going to marry and just put money into it every month and you and just automate it and you never have to worry about it. >> Yeah. >> But what I'll say this too, you have to have enough mental fortitude to follow the process. We can only do so much as far as we obviously have a dedicated audience that listens. So hopefully by us explaining it, if people want to take advantage of it, they might have some more information or if they want to tell their their friends, co-workers, or family members. Um, but let's be honest, the vast majority of the people we still haven't gotten through to yet. And there's a there's a there's certain level of um wherewithal that you you are in the bottom level of the economic spectrum of society. Let's be honest, your top priority is not to listen to market Mondays. >> And that's sucks. >> You're stressed out. You trying to figure out how to pay rent. You you know what I mean? Like you you down on your luck or you it's just a variety of different things. Those people are not listening to Market Mondays. So those are the people and the I know people personally >> that are going to have children and I know for a fact they're not going to take advantage of it. >> This is a comp complex conversation >> or or the information that we get. That's the heartbreaking part where it's like I'm in need. I'm like bro I I've gave you the money to put into your kids account >> and they won't do it. You know, I I I will say this about the accounts. It's not an end all be all. It's a part of the investment story. >> Yeah. >> Should you have a brokerage account? Absolutely. Should you have 529 plans? Should you be doing all those things, up my accounts? Yeah, you should be. Right. And I'm talking to the audience that is obviously has some financial wherewithal. >> It's not the end all be all. It is a part of the story and it could it's it's free, right? So, should you take advantage of it? Yeah, I I would definitely educate myself if if if the opportunity is there, if I need it and if it feels like something that could be a part of the investment journey, especially for my kids. >> I mean, >> but that's another thing, too. People even think about their kids. Like, I'm just I'm not I'm laughing because you got to be real. You have to be real. >> They're living for the weekend themselves. >> They're not That's not a bro. You talking about saving money $1,000 and they going kids going to get it in 20 years and >> that's a life insurance piece. >> Yeah. They're not even That's not even on their register. You could give them money. You can give them Hey, we're going to give you $1,000 for your kid. >> What What's the catch? What up, >> bro? I gave somebody $6,000 last year. >> What do I get out of it? How am I going to benefit from it? If I'm not going to benefit from it, I don't care what. It's the same thing with life insurance. People saying like, "I got to die for somebody else to get rich." Hey, same as >> my friend text you >> and told you >> that was literally what he said. He like, "Yo, >> that's the real >> that's for my kid. I was behind." I'm like, "You weren't behind. You was just at camp three weeks ago." >> Or you know what happens? >> The other piece of it is that we don't have discipline. And so we might open the account in two years. It might be 1,500. We like, "Yo, I need that 1,500." And we take the 1500 out and then it gets taxed and we're like, "Wait, hold on. I You know what I mean? It's just that's why I said the education it's just load so many layers and it's so important. >> Well, here's some information. Well, hopefully you guys now know about it at the very least. The market Monday faithful. >> Um, you guys know about it. >> Teach one. Teach one. >> So, if you want to take advantage of it, can we get the website? >> Uh, yeah. Yeah. >> If you want to if you want to take advantage of it, take advantage of it. If you don't want to take advantage of it, personal decision, but at least you're educated on it. Um, and now you can, you know, like I said, you can tell your friends, you can add money to it. You can add up to $5,000 a year to it. >> It's invested in in the index funds compounds over the course of time. >> Trumpacounts.gov. >> Trumpaccounts.gov is the name of the website. >> We are not a paid affiliate. We're just >> We're not We're not We're not And there's information there as well. And the app is there as well. And uh Robin Hood is the brokerage. Um, so we saw Vlad on TV today um, talking about it. >> So, congrats to Vlad on on being the the brokerage uh, I guess quote unquote of the year. >> Been double since that bottom. >> Told you the stock of the year. It's going to be >> it was in the list. It was in the list. I >> tell you, >> Rashad, you seem sad a little bit though, even though you just left the Tropical Island. like what's the solution to this problem and getting the information to reach more people when it's needed more than ever. Um you can well you can only do what you can do. You go crazy trying to change you know change the whole entire world like you can only do what you can do. Um it's like the Marines a few good men or a few good women. um you you can't you can't change you can't save everybody. So you can't can't focus on that. >> Help who wants to help themselves and then eventually you know people when they want help they'll receive it. But you know when you have a song that encourages people to um scam and to steal clothes out of out of out of clothing stores and that that's the number one song in the in the world. It says a lot about the times that we're in, but it also says a lot about the appetite that people have because no matter how much they can talk about social programming, and that's a real conversation that we could have if you're interested in as well. Yeah, there is some level of social programming, but the social programming only goes to people that's interested in being socially programmed. >> So, at some point, at a certain point in time, you got to have some level of responsibility >> because it's like, you know, no m forcing you to listen to the music, nobody's forcing you to drink liquor, nobody's forcing you to do all these things. is there for you. But >> if there's a disproportionate amount of media being pushed to us though, like even when it happened at the BG Awards, my first thought was they cleared that to make that a moment. You know what I you know what you know what I found interesting in this whole and not to get too political but this whole Gaza thing is like they got these people got thrown everything possible they got thrown at them and they in the rubble and they praying and they getting married with nothing. No electricity, no running water, nothing. They they ain't lose their faith no matter what. They held on to their principles and their faith. So >> regardless of circumstance. >> Regardless of circumstance. >> Mhm. >> Regardless of circumstance. We know we got it hard. >> But we have a we have a part to play in our in our downfall as well because we we we want it. No matter how much we say about the ignorance we all we want we as a society, we want ignorant more than we want positive things. >> For sure. Until that changes, >> until that changes, >> the vast majority of people still going to be in the same mental struggle that they're in. >> The ignorant becomes entertaining. It becomes that is that is our form of entertainment. Yeah. Sports and that is entertaining. And so people love it. They want to see tragedy. They want to see downfall. It's the reason why that programming continues to feed that and continues to put that in front of you because they know you're going to watch it. They know you're going to react to it. They know you're going to get emotional about it. You know you gonna come back for more. You coming back for more. >> Well, spend that. Spin that. Spend that. Spend it. >> To spend. Even if you don't got nothing to spend, >> find it to spend. >> Find it to spend it. Think about like when 911 happened, they told you to go spend your money. >> The average person doesn't have $500 saved. >> And the number one song is spend it. Spend what? What exactly are you spending? You don't even have money to spend. For those who don't know, it takes 200 to 400 grand to make a song go number one. That's why I say it's a disproportionate. And shout out to whoever wrote the song and the producer. It's not the greatest song of all time. So for it to go number one in this climate, >> it's number one. >> It's number one in the in the streets. It's number one in the street. It's number one in the streets. I tell you that the buzz it's platinum platinum in the streets. >> The more attention you give to it, obviously the more it's going to get. You know what I'm saying? So like I I don't I haven't pinned into that because I understand how it works, right? The more you talk about it, the more play it gets, >> the more growth it has, then it potentially is the number one song in the country. So >> all right, >> for real quick, for those who asked, uh, once again, write it in the chat. SPYM one, number two, IVV, number two S, number three, SPTM, and number four ITO are four that you can invest in if you want to emulate the Trump account return for your kid without investing into the Trump account. >> And you cannot you cannot change the investment. >> It's not something that you can actively manage. The investment is done through the United States government. They're going to put it in in index funds, and you can't do anything about that. Once the money goes in, they they now manage. >> Yeah. Which is great because it forces you to >> not rotate too much, not trade with your child's future, >> but more importantly, just find a way to automate this for your children on their own. It makes it so much easier. >> Let's talk about staying with the Trump situation. Let's talk about this um crypto scam alleged >> situation that has happened. >> So um and this has been all over Forbes. Everybody has been talking about this. It's nothing new, but it's just really starting to come out now that >> so the Trump memecoin, he's been involved in a couple different meme coins and >> uh his wife's name >> Melania. >> Melania coin, but let's talk about his coin specifically. Just just the Trump Trump memecoin. >> Legendary legendary um situation. So the Trump memecoin is said that he profited. So Donald Trump made $1.1 billion >> 1.4 1.4 in crypto last year. >> 1.4. Yeah. >> 635 million came from the Trump coin. 600 He made Trump Donald Trump cuz they got to have their filings. Donald Trump last year made 635 million from the Trump coin. >> The Trump coin fell 95% in value. It's pretty much worthless at this point in time. >> Now, here's what makes this interesting. Donald Trump made 635 million from the coin. 58 wallets. So 800,000 people lost money on Trumpcoin. 800,000 people lost money. 58 wallets. 58 people 58 wallets made at least 10 million each totaling 1.1 billion. So 58 people from Trumpcoin made >> 58 people made 1.1 billion. He himself made 635 million while the coin fell 95% and 800,000 people >> lost money. >> Yeah. And this out of his own tweets where he's actually tweeted about this when it was actually first coming out when he tweeted in truth for social. The new official Trump meme coin is here. It's time to celebrate everything we stand for winning. Join my very special Trump community. Get your own get your Trump coin now. So this is the most crazy this is actually probably the craziest thing that's ever happened in American politics. You have a sitting president that rug pulled his audience. He literally pumped up a meme coin that had his name on it. You're talking about the endorsement. Who's not going to believe that something that the United States president is getting behind from a financial situation is not going to be beneficial for them economically. >> Anybody who's smart, >> he's pretty much saying this is the this is the future of finance. I'm endorsing it. Let's get it. Let's get on board with this. This is the most powerful person in the world. 800,000 people lose money and you make $635 million and 58 people 58 people make $1.1 billion. That's >> Did he say you was going to get a return? >> That's what we call a rug pull. >> But did he say he was gonna get a return? He just said join our community. >> You saying you was it influencer? Yeah, he saw Elon do the same with Doge on Saturday Night Live and said, "I'm bigger than Elon." I'm the president. Of course, I can move this. >> It wasn't Elon coin. At least it wasn't his name on it, >> but did it twice, >> right? Because after the Trump coin comes the Melania coin, >> but the other the other part of the of the puzzle is like, yes, that's 635 million, >> but that still leaves a gap to how did he get to a billion? So the other part was that he created the world financial uh Liberty Financial which is a crypto venture that he made with his sons >> and he netted nearly 800 million. He actually made more off that than the memecoin >> going to try. Yeah. Yep. >> Right. So you create a a crypto test >> a venture fund with your son. >> But then you build old boy out to help you. >> Here's here's the crazy part. His son becomes a billionaire from the venture. >> Mhm. >> Right. This is this is how his son becomes a billionaire. He makes 800 million, takes 600 from the memecoin, and now he's got 1.4. He cleared 1.4 last year in crypto >> while crypto market is down. Yeah. >> While the crypto market is down. His comments were his businesses are managed separately, his actions comply with the the law, and that his administration's crypto policies are intended to strengthen the US leadership in digital assets rather than just benefit him personally. Wow. >> I'm I'm be real. We talked about it before. Everyone who said project 2025 wouldn't We told you the whole roll out. Rashad did a whole die trap and went scorch earth on that blackout. Try to tell you. We try to tell it's no good. Milancoin no good. Told you the price that it will fall to people. And I'm going to be very honest. Same is happening in tech and in AI. No one cares cuz they and I asked a question on Blackout. Does the culture love a good scam? The truth is most want to be in on the scam. They knew Trump coin was no good. Just like they knew Doge was no good or if I brought up Micro Strategy. Now I'm saying it a scam, but it has fallen. They now we'll talk about that later. How many coins you sold to fund the dividend products. >> Most people don't care if something is a scam if they can benefit from it. >> So most people didn't benefit from it. Most people lost. Most people >> losing a bunch of >> 800,000 people lost money on it, >> but they joined in on the premise that it would go up solely. They didn't care about no fundamentals. They they like everyone who was pro Bitcoin who got in on on the Trump coin, they didn't look at no white paper. They just, oh, this going to go up, so I'm going to get money. >> Well, that's two different things then because they they're going into it with the anticipation that they're going to make money. the president the president like I said this is actually I'm not overstating this >> this has actually never been done before in American history this is actually no precedent for this there's never been a time in American history where something like this has happened so there's no precedent to set >> this he's the president of the United States put his name on a financial instrument then went online endorsed said instrument >> pushed the price up by having a cohort of billionaire friends invest money into it, >> raise the price, and they all took their money out at the top. That's the definition of a rugp. He rugpulled America. >> Yeah. >> And the crazy part is with everyone, he's learning more how to protect himself so the blowback doesn't solely come back on him. And he's figured it out how to do it in equities. Rashad, if I met you in 2009 and I said, "Hey, um, I got an insider tip about a company and the president is going to endorse it. Would you send it out to your clients?" No. You wouldn't even want the blowback from it. He said today, Dale, even the Intel. >> Yeah. >> Truth be told, most people don't love Intel as a long-term position. They bought it because he endorsed it. >> Does it feel criminal? No. >> Can he be investigated? Can he be investigated for it? Of >> course not. >> How you going to be investigated when you own when you own the investigator? >> And then of course not >> said president has now put stipulations where they said look we we're not going to investigate you. >> So now what? >> And the other hedge in business that I was saying before like if y'all bring back House of Cars Netflix, it should just be on this administration. you got enough real data to make a a three-year series. Now, he's involved so many other people in terms of equities and he's making sure the capital flows. No one wants to even turn on them because you're benefiting from him mentioning your companies and putting these arranged marriages together. So, it went from a a crypto scam to now you're essentially doing the same thing in equities, but at least those companies have real fundamentals and you're boosting them up. So, the scam is evolve allegedly is a is evolving into the equities markets. I've never heard a president outright mention that a company is good and you should buy it. Like if Barack would have did that with Apple in 2009 that bro Richard Nixon got impeached for Watergate which was like if you compare that to this >> I mean I'm with you. >> We also had we also never had a president that actively traded stocks >> at this at this level. At this level >> at any level >> they have traded stocks. We never had a president. How is he how is your team fire 85 trades a day? >> I think they were at 3,000 trades. I think this year or maybe it was last year where the average has been like 200. So crazy number. >> Let's go back. All right. Here's how many stocks here's how many stock trades each president made during their term. We're going back to Lincoln. History. History. >> President Lincoln during his eight years of being president. How many stock trades do you think he made, guys? >> I would say none. >> Yeah. >> Zero. Zero. Zero. >> Zero. >> George W. Bush during his eight years of president, how many stock trades? >> Maybe three. >> Zero. >> Okay. >> Barack Barack Obama during his eight years of president, how many stock trades did he make? >> Zero. >> Zero. President Trump during his first four years, how many stock trades did he make? >> Probably 80. >> 50. Okay. >> Biden during his four years of presidency, how how many stock trades did Biden make? >> I would assume less than 10. >> Zero. Zero. >> Okay. >> In the first two years of this presidency, how much how many stock trades did Trump did Trump have? >> That's like three That's in the 3000s. >> 3,642. >> Yeah, I saw that post. >> 3,642 >> trades. >> Trades. That's what I'm saying. That's not talking about the whole Bro, that's that's hard. I'm saying this is unprecedented. Presidents do not trade stocks. >> Presidents have never traded stocks before. Ever. Never. >> Is it illegal? >> But I'm this this is >> it's even even >> there's a reason why they don't why you don't trade stocks because you have an inside vested interest. >> Of course, but there's nobody that's bigger than the president. There's a difference. >> So the so that that president going forward, >> should Congress be able to trade, right? Like should the president be able to trade? Well, the thing and we had this conversation prior to the show. Nobody's ever done it. How many people knew they could do it and just didn't? Bro, listen. Every time I shout to my every top like I wish Barack would have did some of this that that Trump was doing. I really I've never seen now for for those who are uh long-term experts. George uh HW had exposure to Hallebertton, but that was long term, right? had exposure to Exxon, but these were not trad. It's hard for a hedge fund to fire off >> 80. Even with aentic and algorithmic trading, 85 trades in a day is a lot, bro. >> How are you doing 3,000 in two years? >> I'm not even sure in life. >> Okay, even let's talk about Okay, Rashad 2008. You can't front run a trade. You can't know that Intel or let's say XYZ company. Let's pick Exxon is going to go up this much and then you get in front of the trade. That one act alone is illegal. Let alone doing it 3,000 times. >> But nobody cares. That's a lot, bro. >> That's beyond a lot. Like even for if you're telling somebody to invest or you're teaching somebody, they they ask you right when you're signing up for the brokerage, how many trades are you making in a year? And it's that's not even a category. It doesn't even go past 100. >> If you put that in Schwab, boy, they f to what? >> Blacklisted. >> But he's invested in Charles Schwab. >> Ninja Trader is not letting you get off 3,000 trades in a year. 3,000 individual trades. >> Charles Schwab was in the Oval Office this year >> for sure. >> I know a guy >> that Charles that actual >> the actual guy. >> Yeah. Yeah. >> Yeah. >> People didn't even know he was still alive. >> Yeah. >> Let's talk about Nvidia. Nvidia's stock has been um struggling >> consolidating >> but um >> language is important. >> Nvidia's AI Nvidia's AI >> listen man >> startup are we going to call this a gamble? >> I'm not going to use that word. >> Talk about Nvidia for the Nvidia investors out there. >> You know you going with the word gamble? >> No but Rashad I'm with you. We're on the same page. We're both on a bad guy thing, right? When open AI and I told everyone this a few years ago, PS in chat if you remember me saying to be careful what you upload because the large language models are going to take your IP and make businesses out of them. Now, Nvidia has found a way to leverage something that OpenAI wants to do and now they're going to partner with startups for revenue share to keep you inside of the ecosystem. Um, I think okay, so OpenAI announced his own jalapeno chip. Anthropic is working on it own chips. as a push back to that, Nvidia is now saying, "We want you to use our hardware, our chips, and now we're gonna give a LLM away for free and to offset the issue." We'll talk about Alex Karp later to help cost be okay for you opposed to you charging you a lot for tokens or hardware, we'll do a revshare deal. I think it's really >> Go ahead. Go ahead. I think it's a fascinating approach because what's not talked about enough like we talk about the Democratic and Republican and MAGA war we don't talk enough about the business wars that are going on in tech and these wars are heating up really fast so do I like the idea yes for them because I think um they are also seeing other companies get hotter in one way to offset that and move the stock price up is to partner with some of these companies for the future. So, you're not getting the upfront spend, but you're getting it on the back end. I think that's brilliant, but also it can be nefarious if not done in the right way. I like Nvidia a lot, not just because I've long-term investor in it, but we've been there. We know the people. So, the the ecosystem and the character of the people who work there is um full of integrity. So, I'm not worried about that. But that AMD anthropic open AI battle is heating up. And I think it's reminiscent of what Apple went through with Intel back in the day when Apple wanted to make their own chips and not be so dependent on one source. So, um, but I would say for us, if you're a startup, you have to be very careful of who you're licensing out to and what deals you're signing. >> All right, we we'll talk about the negative side, but let's I I liked it. I actually love the idea because if you think about AI startups and we've spoken to a lot of people in the world of AI, had conversations with people who have startups, the issue isn't the idea, the issue is the compute. >> And so if I can provide you with compute, then that means that you have capital to now find other things to help that business grow. From Nvidia standpoint, we already said this is not a a GPU company. this is a platform company and they made that >> they made that very clear when we were there that this is a platform company now most of these AI startups you're right they're already using the CUDA software >> right >> can't change that right most of them are are being built on on top of that we get the compute now what does that do for Nvidia now and we've seen the investments that they've made in fact I covered it in the last class about where they're putting their money they're putting in their money in the future of the entire AI ecosystem inside of that five layer cake. And so number one, you're going to have access to potentially the next revelation, the next innovation probably will come from your warehouse. Why? Because you've already given software and now you're given compute. That's a positive that keeps you in this space long term. That means that hey, you're going to now be reliant on what I do from a software standpoint and now from a hardware standpoint. >> Now the cost of that is revenue share. Now they could give compute and those companies could never do anything. >> True. >> And now they've given away valuable valuable equipment that other companies could have used. The other side is that they can give compute and those companies could actually grow and scale and now >> now they have a revenue share. >> So the revenue share like we always talk about like I'd rather have 20% of something than 100% of nothing. So if I give the compute I give share and it works out that's great for the company. What you have to be careful for if you are said company AI startup is that yes if you're series A the seed funding uh phase of investing this works if you're down the road >> yeah you're indeed >> now you're trying to raise again and they want to see the books and they're trying to see revenue >> and they see that this company has 20 30 40 50% of your revenue that's going to be tough to raise capital. So then you're going to have to try to renegotiate with the biggest powerhouse in AI, which I probably in my estimation won't work out in your favor because they can >> turn the power off. >> Yeah. Lights out. Then what? So from a dominant standpoint, I think Nvidia stays dominant in this role. If I'm an AI startup, yes, be mindful. Read the fine print, but I think it's mutually beneficial, right? because you wouldn't have the compute at that level. Now, it doesn't even say which compute. It doesn't say, "Hey, you're going to have Vera Rubin, >> right? >> It doesn't even say you're going to have Blackwell. We don't know which compute it is, >> but it probably won't be the the next generation of compute." It'll kind of, in my estimation, it'll be in the same vein of the Coral Weave or Nibius where, hey, we're going to give you >> uh Hopper, right? and and then black will the last model will give you that >> but it's still I mean it's going to move faster than anything that's moving right now. >> So I I think this becomes a mutually beneficial thing but the fine print is going to be important. >> Rashad your wheels are turning. Come on give us the truth. I already know what >> I think it's important for people to know cuz even we went to Nvidia and um you know we took we took 50 people to Nvidia twice and one of the things that we you know they really broke down the first time we went is that what a lot of people might not be familiar with is that invent Nvidia actually is a venture capital company as well they have a whole they have a whole venture capital arm but they invest in they've invested in over 5,000 companies >> so I don't think that that people really look at Nvidia from its totality. They've they've invested in 5,000 companies already. So, they're going to invest in 5,000 more. You would you would think and some of those companies would potentially be the next Open AI change the world. Who knows? >> But, um that's important for people to understand when they're looking at investing in a company. You're investing in a company, but sometimes the company that you're investing is in investing in companies as well. And we saw that even with Microsoft, you know, Open AI, a lot of I mean the biggest the biggest one >> Google. >> Yeah, exactly. >> Yeah. >> Um and even Meta, um Instagram generational >> that was a generational body. They brought Instagram all the time. Yep. >> So business is always evolving. If you're not if you're not evolving, then you're declining. We didn't get a chance to talk about this last week because we just announced it, but um yeah, we got a we have a new media arm called EIL Africa. Actually, >> follow the page if you're interested in in content that's related to the African continent. EL Africa. Um because you have to >> Yeah, you have to seek new opportunities. So, I think I think it's I think it's good as long as they don't lose focus. But like I said, for them, I'm not too worried because they already have a whole division that's geared towards venture capital anyway. >> Yeah. >> Um, and I do feel like, you know, at a certain point in time, if you don't acquire a company or if you don't have new company coming, >> no matter how good you are, you're you're going to get passed >> by somebody new. So it's better to to be it's it's better to do this route than to be Blockbuster and not take Netflix because you think that which your model is going to be successful forever. >> Yeah. I I think I mean it's spot on. I feel like we we agree in that sense where number one have the vision. Number two make sure that you're participating in innovation of the future. >> So if I give you GPUs are you not interested in another company that's giving you GPUs? No. these are working for you. >> So when you're done, right, because the GPUs have a a lifespan, then you're going to be coming back to me for more and I'm going to supply you with more, right? Because it's it's advantageous for if you win, I win, right? If we're doing a rev share, the more money you make, the more money I make. >> Mutually beneficial. And keep your eye where they deploy the compute first and if they do it in healthcare. Secondly, >> Yeah. And secondly, we talk a lot about selling the picks and shovels. They're one of the first companies that are selling the picks, shovels on the mine, and then they sold you the refined gold at the end. Like, pick your poison. Like I said this after we left, like you said, they're investing in the seed rounds, series A rounds. They're doing a lot in health care, still have an amazing moat on market share, and I don't think that their best days are behind them. I think they are incredibly underpriced. And like you said, the power law thing, if they get 20 companies that are amazing out of those 5,000, that alone will bolster the market cap regardless of innovation, but they're innovating, like they're working at that building. So, um, everyone's in a hedge fund business. Like even when we talk about the Alex Karp crash out, >> that's the entire conversation I've been having. If I'm deploying 15 billion to 20 billion at a time, where's the return? And now there's a tokconomics issue if you're doing all this spend in tokens, but now you're paying more tokens than you were paying an employee. You have to know where you going to get the return from. >> Thanks, Tolbert. Tobbert, yes, we are live. We are live. >> Yes, we're live. Tobert, how are you? >> Hit the like button. Hit the like button and share. Uh oh yeah, real quickly, speaking of relationships, Jay-Z got that concert. You got a concert that's coming up this weekend. If anybody has a suite, I do not have a ticket. >> You got tell them which night. >> If if any night. >> Yeah, which night. Okay. >> Any night. >> You don't care. >> I'm open. If you have if you if you have a sweet >> only. You can't do gin pop. >> Jim pop is tough. If you have some level of accommodation, we can talk about it. >> This is Well, relationship the broader show. >> It's about It's about relationships. >> It's about relationships. And what what better way? I'm open. What better way to build an in-person relationship. >> So, if if you be if you have an extra if you have an extra accommodation, >> Google, I know you busy. Call text me and call my boy, please. Yo, >> feel free to DM me. All my industry friends, Steve Carlos, all these guys, man. Hey, look, I know it's a hard ticket to get. >> They all gonna be there. >> Feel free if we made you some money. >> Troy's already gone. He's already going. >> I'm there every night, y'all. Y'all y' I'm I'm you going to see me all over the place, but I will definitely be there and I might be reporting live from there. So, so you know it's like Kai came back streaming so you need to go stream from the whole concert >> and why the next question is well why don't you just buy a ticket? >> Well >> I I'm testing I'm testing our relationship >> ecosystem. >> I'm testing this is a I'm testing our relationship capital. I feel that we've built up enough goodwill >> in the community and in New York City over the last eight years. Charl >> I'm testing my relationship capital here. DM me at my Instagram. Rashad Balo. >> Yeah, we there. We there. >> There's a couple other skills I need I might need some help on, but this ain't one of them. >> Yeah. >> If anybody is is uh knows Olivia, >> what's my man name? Larry Jackson. Yo, what? My god. >> Larry, we need I need help. I need I do I do need help with that. I do need help with some Olivia Dean joints. I I got a few, but I need >> Yeah. Yeah. Help us. >> We love you. >> Shout out to Gurudo cuz he he a hard accountability partner. You say something good. Like, yo, King, I don't really rock with you. My bad, bro. Even if I was right. My bad, bro. >> Shout out to the whole team. Be hot. What's good? >> Yeah. >> What's good? >> Yes, sir. Okay, let's do a hypothetical question. If you woke up with a lump sum of $50,000 with no assets, no investment, no car, no savings, $10,000 in debt, and 500 credit score, how would you use that $50,000 to change your life? >> Um, this is a great question. I appreciate it. Um, I would allocate equally weighted uh to tech to index. Listen, I'm gonna be real. Whether you have 50,000 or 50 million if you want an easy return, you get concentration into tech to index and you get diversification. A lot of times we want a complicated answer because we want life to be more complicated than it needs to be. We talked about it last week like all the athletes who are investing and shout out to all the you guys who reached out. But a lot of times you're looking for an exotic instrument or investment to invest in when you just need a solid return. So I would break the money up into four parts. I would put it into VO, VTI. I would pick two tech companies. Um I would probably lean at this time towards Google and Nvidia for the two and I will hold it four or five year period. Um pay your bills on time if you can. But uh the the what would you do if you would start over question? I was asked this a lot at the podcast summit. The other part of advice that most people don't want to give you is when you get on the mountain of financial freedom, your job is to not slide down the mountain and lose the money. >> So I know >> are you touching that debt that 10 that 10k in debt? >> I mean honestly no I I will wait three or four years. I will wait but because if you look at the return basis that 10k in capital in five years may be 120 well let's be conservative and say 60 >> okay >> the return on you're not going to get that money back or the time and the most important thing and why I say listen the first time you can get the opportunity to buy another stock on a dip or a crash you can't get the time back though that's why we always look back and be like mano I wish we knew this in 200 6 or 2005 when Apple was d you can't get the time back though. So I would wait to pay off the debt. I would deploy the money into the market um and hold for a long period of time. Hope for five or 10 years. You'll be a okay. What about you guys? I'm with you. I'm with you. I'm holding off on the debt. Um which is why I asked because I I figured you would say that. Um yeah, I think your game plan is not bulletproof but it's it's pretty strong case. I think I would do, you know, something very similar. Uh, ETFs for sure. >> Um, strong ETFs, semiconductor technology. >> Um, and then I would >> probably look uh consumer discretionary just because of how it's performed over the past 10 years, not so much how it's performed over the past two. >> And then I would I have I would have one like very specific like a drum would be a perfect example of a a semiconductor >> high. Yeah, I call it like, you know, you have the aisle when we think of of semiconductors in the supermarket, but there's like that back shelf that has specialized things and so the memory piece would be one of example that I would have an ETF to create that that label, that table that I like to talk about like have a strong table and build on top of it. So, I would do that. I would do that. I definitely market. >> Shotty, what about you? >> Yeah, for sure. Definitely. Same thing. You got to invest your money into the stock market at all times. You know, SMH has done very well for me. Um, TSM has done well. I think Microsoft is at a buy point if you believe in it. It's the lowest as far as >> out of the major max 7 companies. I think it's at the lowest point from its all-time high as far as the buy potential for that one particular. QQQ is always going to be something that you can invest in. strongly believe in QQQ. Um because it's just how can QQQ fail? If you really think about it, QQQ is probably the strongest >> indestructible. >> It's probably the strongest thing on that you can invest in >> and probably a perfect concentration of a ETF. Not to cut you off, but I agree a thousand%. >> Yeah. because there's really no flaws in it as far as if you saying if you believe that technology is going to lead the future, which I think everybody at this point in time believes that technology is going to lead the future. >> Well, QQQ is made up of the top technology companies and it rebalances itself over the course of time. Like I said, the number three holder in QQQ is Micron now. >> Yeah. >> Five years ago, Micron wasn't wasn't even thought of. Mhm. >> But so no matter what happens, no matter what happens, as long as you have QQQ, >> you're good. >> You're going like, okay, me personally, I have an IRA. My IRA is in QQQ >> because I just believe that the long-term, and I'm talking about 30 years down the line, technology companies are going to give the best rate of return. and instead of maybe picking one or two technology companies, I'll just say I'll just have the leader in the technology space and I don't have to worry about rebalancing it because it's going to be rebalanced anyway. >> And for the person who is asking um and of course the rate of debt, so if you got 10k worth of debt and you had a 35% interest rate, pay it off. But from my like I've been debtree since 2018. You always go back and do revisions history and calculation. I paid the debt. Being debtree is a flex yada yada. The remaining $28,000 payment that I paid to be out of debt. That payment cost me $364,000. So everybody like, you know, I pay off the debt first. Trust me, you're going to miss out on substantial upside and a tech tailwind that you're not going to be able to get that time back. Was it a great feeling to be debtree? Absolutely. If I can do it again though, would I have let the returns run up and then pay it off? So, it's not a eitheror. It's a better allocation of money going into tech companies first, taking some out, letting the rest roll over, and then being okay. So, I get it. I've I've cuz, you know, I'm anti- debt, but I'm telling you, you're going to miss out on some substantial amounts of money, knocking down the debt first. And and for those who are anti-Dave Ramsey, that's the one thing that I disagree with is knocking down the debt first and not deploying the capital into the market. But do what at this point like you can't say the word. Do what you want to do. >> Like do whatever you want to do. >> QQQ is in five years. In 10 years, the last 10 years is up 555%. >> Like I said, and that's just easy. Like you could be you don't even have to be an intelligent person. Honestly, you don't even have to be an intelligent person. You could literally not even read Wall Street Journal. You don't got to watch Mark Mondays. You don't got to do anything. Like if you're investing in Micron, if you're investing in the stocks that Troy is talking about and you know the options, you gota kind of do research. You gota you got to kind of be in it. You got to be in it to win it. But >> you could be you could be a passive aggressor. You could be a passive investor and you would have made 500% in 10 years. >> Listen, Crystal M put in 10 grand in 2020 2026 of 300 market to ever invest in. I want and I want everyone watching tonight to answer. What are you so damn afraid of? This isn't 2002 when it was like a vortex of information was hidden from us. This is the easiest concentration. Like the Russell because of bloom is up 22%. Like we're talking about numbers. If we hit these or if I proposed in 2010 I can get you 22%. You thought would have thought I was brain made off. Hold for the long term. If you want to get rich from the market, go to Ian invest.com and join Red Panda, please. QQQ versus QQQM. Both financial threesome. Quit asking that question. Both QQI, QQQ, do what y'all trying to do when y'all go to the party, put them all in the room, and have a blast. Financial threesome. Buy all of them. Hold them for 10 years. like you can't do in your relationship life. If your relationship life gonna be cold, let the accounts be warm, my boy. Back to you, Trevor. >> Y'all be trying to add a freakoff to the vest fest. Make them accounts freak off. >> Allegedly. Allegedly. >> Josephine after go see John O'Brien speak in the morning, boy, >> please. Yo, can I go to Joseph with you? You need to go get some QQQ. >> Please >> go listen to Black Rockck speak in the morning early. You hear me? >> Allegedly. >> Thank you. >> Um, Michael Sailor latest round of Bitcoin um sale. So uh it this has been happening pretty regularly now. But um selling Bitcoin to pay company dividends >> amongst other things. >> So what does it say about >> I wanted to ask you my brother because you on an international excursion. I was wonder because it's an international asset um in your leisure time on the beach. Everything >> everything has been earned right. Was is this a cause of concern for you about allegedly about them selling three or 4,000 coins? Um, Michael Sailor, I I I think that the strategy of becoming a Bitcoin treasury company cuz Micro Strategy was a a software company >> that sells no software right now. Well, the the dividends are the software, but >> yeah, they're a software company that became a Bitcoin treasury company. So, okay, if your business model is to become a Bitcoin treasury company, that's your business model. >> I I think you have to have more to it than that because what happens when Bitcoin goes down? How do you raise capital? How do you pay expenses? How do you pay dividends? How do you keep shareholders? Like there is there are you going to use Bitcoin as um leverage to buy real estate in the real world? Like I think that the business model has to expand and invol evolve other than >> buy as much as much Bitcoin as we possibly can and then hold it for as long as we possibly can. I don't think that that's a sustainable business model. There's no revenue that's coming in. >> It it's not protection from falls like this what's happening what's been happening. Um doesn't protect you in a bare market. It doesn't lead to growth outside of just you're at the the whim of of Bitcoin. So, Bitcoin is gonna be fine. I'm not worried about Bitcoin. I'm I believe in Bitcoin. I'm not worried about Bitcoin. micro strategy. I think that they have they're not it's not over because they still have a lot of Bitcoin, but they have to really rethink their business model and it has to become bigger than let's just borrow as much money as we possibly can to buy as much Bitcoin as we possibly can. >> And I've I've said it before, it's eerily reminiscent of what Kathy went to. Kudos to everyone at Arc who love you dearly. Also too, when Brad Gersonner is there and they ask him about Bitcoin, I noticed Michael has been noticeably missing from those Trump meetings. Nicki Minaj is popping up with Trump and Michael. >> Nicki Minaj, she said Nicki Minaj, she's hot. >> Yeah, I about a year ago, these are my same sentiments about Michael Sailor and Michael Stragy. I just didn't the the business model wasn't making enough sense for me. So, I'm not invested in it just for transparency. But when somebody changes their thesis and doesn't change the business model, that's that is concerning to me, right? The thesis used to be, hey, we're going to buy it. >> Hopefully, hope it doesn't matter. The price is going to go up. We're never >> That's the number one red flag, though. Buy at any price. We're never selling. >> Now, that's the right thesis. You're And really quick, shout out to Financial Conspirator. I'm not beating up on you guy, but um to offer five other products and just from a business case study, it's often better to put the new features into the main product opposed to making a bunch of derivative products. It's much better to do that. Open AI had this issue early. too many models and it's confusing to the average person. But once again, people only believed in the vision because of the game. Josh Brown came on here and told you when I asked him about it and it was clear as day like this and this why you have to study the financial products and the history of them going back back to that reading 50 pages a day. the the case study for this model does not work very well long term and I also said they're going to attack him and he's under attack. >> How and the the question becomes how sustainable is it? Yes. When Bitcoin is, you know, moving and you're seeing that appreciation, great, right? But buying does matter. And gratefully for him, right? It's been consolidating in the 60,000s. Had this thing got down to 50 40,000 >> 40s this would be a a a very drastic conversation. It has been consolidating. Is it an asset that will appreciate? Of course we we see it. We still believe in it. >> But the business models that they I'm just trying to figure out well where's the revenue? Oh, we'll just buy. We'll just buy. It'll appreciate. Well, what happens when it doesn't? >> Right now I got to how do we how do we pay dividends? Oh, we got to sell some and then we got we got to buy back shares. Okay, you're doing all the things, but how sustainable is that in the long term? And I'm not even saying longterm, 5 to 10 years. Can you continue that for the next two years if this consolidates? Now, the patterns have shown that Bitcoin doesn't do that. >> Mhm. >> But what if it I mean, who knows, right? Let's say over the next eight 12 to 18 months, if consolidation between 60 and 70,000 continues or 75,000. >> Yeah. A year ago was that >> we're going to see a lot more sell offs. >> Yeah. A year ago is at 45723, currently at 177 for my technicians. Um, it went from the 786 retracement and it's underneath the 236 of the 5year. Not a good sign. Um, you better go call Trump and figure out your relationship. And I'm going say whenever you you say buy at any price for any asset on earth, I don't care if it's a water, it that that's a horrible thesis. It always leads to trouble. >> Big trouble. >> Um let's talk about SKH Heinix IPO this Friday, I believe. Big big big IPO. >> Something that's um a lot of people's spend a lot of people have different theories on this. Some people think it's going to really hurt Micron. Some people think that it's the a sign that this memory sector is coming to a halt because it's like when you start to see a lot of IPOs, it's like let's get in while while there's still room. Like let's get as much as we possibly can before the before the gig is up. Um some people say that this is just the the beginning of the memory sector and this is this is something that's you know encouraging. I don't know. Korean company. Um, this is probably gonna be another billion dollar I mean trillion dollar. >> Well, it's it's already there. >> I was on IPO like as soon like first day out like >> so >> this is like a SpaceX situation all over again. It's not it's not as popular as SpaceX. >> Yeah. >> But this going to be like the new this like a new SpaceX situation. I I wouldn't compare it to SpaceX in terms of well SpaceX is a new company that's IPOing and it had a $1.8 trillion violation. This is already a $1.1 trillion company that is IPOing to raise capital. Um obviously it's trading in South Korea. >> Yeah. >> Yeah. So the the idea of raising capital, I get it from that standpoint. Well well why raise capital now? Well, they understand and this is just my my my bullcase on it. they understand that the moment, right? Like we we saw that the demand for GPUs was a bottleneck. We we've got that under control. Well, now that the the bottleneck is memory and they lead the world like I know we want to talk about Micron and we love Micron, but the world leader in high bandwidth memory is SKH. And so the US stock market is a place where you can raise capital and give exposure. Most people, if you've been watching this show, if you're in EIL University or if you're in Red Panda, you've already had exposure to SKH Highix, right? So, if you bought Drum the ETF that has a 24% allocation, so you've already been there. The idea that now you can individually have access to it is a game changer. And so, their goal and they expect to raise additional 29 billion. Well, why would they want to raise 29 billion? Because of the demand, right? They have to build new fabs. They have to expand the high bandwidth. What's interesting is that they're actually talking about advanced packaging. So that's something that's like that's pretty interesting to me because when I think advanced packaging, I think Taiwan semiconductor. >> So that talks about more demand in that space. But they're also directly going to start buying machinery, the EUV machines from ASML, which is and we talked about that. That's a $400 million expense for one machine. So think about that. How many companies are even in the realm of buying one? So, they're going to have multiple machines. They're expanding. They already talked about what they're doing in South Korea. July 10th, they're supposed to IPO here. How will it affect the memory sector? I I think it's a clear indication that demand is still here. The memory sector is still going to be an issue or definitely a high concern over the next two to three years. From what we saw from Mike's report, I see Samsung just reported. I I I'll be interested to see how they did today. Obviously, they're doing on a Cosby index, so they're in South Korea. Um and then this IPO Friday it it'll be a clear indication of hey either we're resetting the levels because the valuations are too high or we're going to match these levels and say here we go on another run. So the the idea of Samsung today or tonight or to this morning if you're watching or and July 10th which is Friday SKH highix ISPOS's ASML will be reporting on Tuesday TSM on Wednesday. the demand story will come to the forefront in the next five to seven days and so that's what we should be watching for >> and yeah for the people yeah they people put in chat it actually it's not IPO it's a ADR so yeah it's already a public traded company but it's it's getting debuted to to the American market on the >> IPO here >> on on the American exchange so it's not an initial it's not an initial public offering but similar as far as people in America now have access to invest in it but Ian what's your thoughts on >> on this and what's your thoughts on the memory se like how does this impact the memory sector? >> I think there's a lot of and I went through this with video t I'm sure you going to agree a lot of people who missed out on the memory runup are doing the Michael Bur and they're requesting a crash. >> Um so because you missed out >> you want these companies to fail. We were talking about it earlier. Let's say Micron falls 50%. What you want? Most people aren't going to buy a 50% dip. I think will Micron lose some share. I think it it adjust. It'll be like Nvidia and AMD. I think both are incredibly valuable. The other argument is there's so much interest in this one. I wonder what are the tech software companies doing to rebalance to make their stock attractive again. Um because now I'm seeing more of an American desire to invest internationally with more patriotism going to non-American companies. Even when I was at the the World Cup with Xan, them high cents like we we need to have a if we pick >> is fire >> China's big three tech products versus our big three and we was talking about this in Atlanta like if they sold those BYD cars here it would be over with for four >> Tesla. So um do I think that there'll be a a correction of some sort or an adjustment? Yes. But do I think this company is incredibly valuable? Without a shadow of a doubt is um and the efficiency part like we can talk about bottlenecks but out of the AI boom the companies who really benefited were the ones who adjusted the business who really delivered a return on value for the enterprise customers and they did it great. So um drama is going to benefit dramatically from it. >> My rule of thumb is the same. wait six months. There are no exceptions >> to that rule, but I would definitely be looking for a price point to get into it after six or seven months for sure. I like it long term. But two things can be true, Rashad. Like there can be an adjustment in sector overall, but these two will be the superstars in that space for sure. >> These two what? Micron and SKH. >> Yeah, I I'll just add add this because this is important too, right? So like yes, you'll have if you've already in drama, you have exposure to it. um the idea that this is a South Korean company. I'm glad you brought that up and we know this administration is about making America company American companies the forefront of innovation. I'll say this right if you look at every hyperscaler pick one >> if high bandwidth memory doesn't perform or it can't execute at its function these hyperscalers businesses will drastically suffer. Nvidia won't be able to sell compute. Um, Meta, Microsoft, they all have the same issue that is needed and that's the memory. I I he text me this over the weekend. I said >> optimistically obviously, but I'd be interested to see how fast because I've already see uh ETFs being built for SKH High already. >> Yeah. ETFs are being built. I'll be interested to see how fast uh Van puts SKH highix into SMH and what allocation will be at. Those are the type of things you should watch, right? Will SOXX have exposure to SKH Highix and what allocation that'll tell you the importance and the money. And so when you see this IPO, yes, retail investors have access. But the most important piece is that institutional firms now have access and can integrate them into their funds. And so that's what I'll be watching for as well. >> And above 8% is like a key. Like if it's 8 to 10%. >> Oh, boy. Boy, it's a home run. Home run. >> So for the the leader in the space, which is Micron. >> They're not the leader in the space. >> Who's the leader? >> So SKH is the leader. They're the number one high bandwidth memory company in the world. Samsung is number two. Micron is number three. Micron is the American leader. >> Yeah. This like if WB performed in the finals. Well, okay. How you define Samsung? What's Samsung's market cap? >> Uh, it's like one point. They're all in the 1.3 world. >> They're all That's crazy. Like, they're all at number 12, 13, and 14 on the on the market cap list. >> Samsung market cap. Yeah. 1.9. >> Yeah. >> Um, >> trillion, right? >> Yep. >> Yep. Yep. Yep. So Micron who just had a blowout earnings historic actually and um is actually at a lower point now than it was when it reported their earnings. And that's something that Balo was talking about last week when he said like that's kind of a sign that that's not a good sign when it's like uh expectations have already been baked in when nothing that you can do can actually move the needle and it moved the needle the first day but it's been sliding back since. So, okay, if historic earnings have not increased the stock price, >> is that a a sign of the times of what has been happening with stocks going lower after earnings and then they've gone up over the course of time or is it the beginning stages >> to say that the companies are good, they're solid, it's not like they're flu companies, but it's run up so much that the price increase has already been built in. kind of like Nvidia you could say you could make argument that's why Nvidia hasn't moved because the the price increase has already been built in >> if I can take this real quick everyone >> go in chat GPT of Claude >> and ask what is the expected higherend return for every tech company on earth is going to be within a standard or two deviation is doing the same thing like like the days of like we they're not going to have a four-year run where they get 2,000% return. I think that's unfair to ask for. I think it will come to an attractive price point, >> but once again, when did 40 and 50% returns in a year become failure? >> Yeah. Like I don't like I don't understand the equivalent of like if a player scores 90 points in a game legit shout to BAM but like legitimate 90 and then he goes back to scoring 37 it's like no he's not failing he's just calibrating to whatever his average is. So I think in a world where they have blockbuster returns and this is a part of the rotation they're going to hunt for the next thousand% return company. >> Yeah. There are not many to pick from, so buy it at an attractive price. Um, I do think expectations need to be modified, but if anyone think that Micron is going to fall apart overnight and that their story is over with, >> you sadly mistaken. >> You you definitely are mistaken. Um, I I add this to it and that's why I think the historical data is important. And so we if we watch what happened last quarter, it did the exact same thing, >> right? I think you touched on it a little bit earlier, Ian. When people miss a run, they're going to allow it to pull back to a point where it becomes even more attractive, so they can now buy buy into that. >> Um, and so, yeah, it did blow its earnings, but it did that in Q1, and we watched it get down to 300. In fact, there were posts that were made about this. Maybe you guys remember about the fall of it, and here we are at, you know, over 900. feeding flamingos, ain't it? >> Yeah. I mean, that turned into flamingo pools, right? So, >> yeah. Mhm. >> Yeah. We can't have the short-term vision. I know it feel like, oh my gosh, like guys, >> you're up 600%. You're up 400%. Like, these type of numbers are are not even like realistic for any >> and we're talking about the stock, not the option. It's like, bro, what are we talking about? >> This this this company is not going anywhere. In fact, I I have a new price target for it um that is not sitting anywhere under a thousand. And so, we just got to be mindful and be patient with it, right? We've already laid out the the the case for it. >> We understand that high bandwidth memory is going to be and continue to be in demand. We understand that it's sold out for this year and sold out for next year. >> The strategic partnerships, it's all laid out for you. >> The idea is will you invest and will you hold it? and be disciplined about holding the position. >> Is your price point 1,600? >> It's right in that ballpark. It's in that ballpark. Yeah. Not far. >> 1570. >> Yeah, it's in there. It's in that ballpark. >> Hold for the long term. >> Um, okay. AI bubble warning. There's been a recent AI bubble warning issued. A new one. Um, what's your thoughts on this? I don't know if bubble is the right term, but a few institutions have issued this warning. We'll get to Alex in a second. Um, I do think that the AI promise has not been delivered. Like I asked a question last week and it was slightly controversial for whatever reason after. But um, shout out to everyone at Microsoft. I love you guys dearly from the bottom of my heart. One of my favorite companies of all time. Shout out to one of my favorite CEOs ever. better than Tim Cook, etc., etc. You can't run your business off C-pilot. Like, for all the automations that we have, and shout out to Perplexity and everything's tied. Shout out to Alicia Little. Still to this day, I can't set up all these agents and then just go off to Mexico and do no work for two weeks and come back and the agents have everything done. the first company that provides that kind of premise and return, they're going to and as a result with even AI not delivering as as well as it should, it's obliterated the software category. So bubble, no. I think people forget even in the dot era, it took a while for things to be calibrated. I don't think it would take that long, but I think we may be three or four years off from having systems of scale. >> Mhm. >> And tech at scale that really allows you to offload your workforce and the cost isn't so high to be able to do so. So, I wouldn't say bubble, but it hasn't delivered on the return that it was initially promised if you can lay off your workforce and enjoy more of your life and be off-rid and just let the LLMs run in the background. Like, that premise isn't there. Like I don't Do you guys know of anyone that I' I've asked this question to probably 200 people over the last year. No one is just leaving their business to be run solely by LLM. >> Yeah. Yeah. The the idea I mean I think one of the the greatest minds that has lived through both and his business has benefited tremendously because of it spoke on this uh recently. Uh Jeff Bezos was asked about the bubble and he said, "I want you to think of it like this. Right now businesses are being done in terms of picks and shovels, right? Like people are manually doing the work." He said, "Think of AI as a bulldozer." >> So if you were digging with a pick and a shovel, well, a bulldo bulldozer is about to come and make everything happen a lot faster, more efficiently, and have more scale. And >> so the actual tax won't be replaced. How we get the task done will be altered. So companies >> will survive some some will falter but that's business and that's what happens inside of revolutions especially in the technology space. And he has a great vantage point because in 1997 >> Yeah. look at what his company was >> and in 2026 obviously he's not the C uh CEO anymore but look at what that company has grown to right because he was able to adapt he was able to use >> the technology to his advantage and he was able to scale it so that's how we got have to look at it the AI bubble we've been talking about this thing for at least 18 months now man I'm like okay >> okay if there's going to be a bubble let's find the companies that are going to be here >> when this so-called bubble burst who will be the the the standing companies. I think we we're spot on with the ones that we've been saying. >> We'll see. Time time will tell and I think we're going to be on the right side of it. >> Sean, what are your thoughts? >> Um bubble is relative. I feel like uh yeah, there's a lot of companies that Well, we could This actually leads to the Alice Carb clip. Let's actually look, let's play this. Let's let's play the clip from Atlas because that this kind of just leads into this conversation. Did Alex Karp go on CNBC last week and torch the entire AI business model? Like Becky Quick had to stop a mid rant. Like you sound pretty angry. And his response, this is the voice of American business channelled through me. I mean his rants are usually pretty epic. But I think he hit on two sticking points that are really decide how AI diffuses through the economy. Number one is that enterprises are losing trust in a lot of these AI model companies. He's saying cuz they're not safe. And safe is a little bit different than you think. So let's hear him out. >> Safe because it doesn't touch your unlearning data. safe because it prevents the large language model from caching your data and replicating your business. Safe because it doesn't transfer your IP of how to fight secret data, top secret data or in a in a clinical context. And the second is that a lot of these large enterprise customers are now wanting to own the entire AI stack. Compute models, their data, all of it. Again, take it away, Alex. Here's the structural problem that he's calling out. Your edge as a company depends on that proprietary data. Your AI vendor depends on their models getting smarter. And how do you think they do that? So, there's a collision course because the labs aren't just selling tokens anymore. They're not >> um Okay. So, Alice Car, he went on a whole rant on CNBC about AI, his frustration with a lot of AI companies and um you know, he's been known to go on rants from time to time about a variety of different things. But, okay, so back to the AI bubble thing. AI bubble. Yeah, for sure. Because a lot of these companies are not built on anything found fun foundationally strong. They're just putting AI in front of their name or just saying we gonna do this or we gonna do that. Like you said, I personally have yet to see AI do a variety of different things that people think it can do. Like even if you look at our world, like AI cannot create content. >> If it did, if it did, everybody would be a a content creator. >> Yeah. >> I know. I know this firstand >> is it yet or just >> well until until it's done it we can't we can't it it can help you make content >> yeah it can't make it can't future project it can go off the past >> it can make content it's not it's not it's not good it's not good enough >> not great >> it's not great it's not great but I can't you would think okay I could just make I don't think I do no work I could just make a video I'm going have AI cut up and then it's going to get a million views and that's going to be my pathway to become the next Logan Paul. It has not happened. >> I like Opus clip but but it's not happened for >> I just happened for I just watched a AI travel channel that has like 10 million uh followers completely made up. She goes in history and takes you through history and it feels like I >> I'll follow that page. Yeah. >> You follow that page? So like yeah but even that that's different that's utilizing AI to give you like we have French Montana >> I'm not saying like what we do but like in terms of >> content we can say that we because we use AI for our content. So, we had French Montana episode, a few of those clips, one clip went viral, had a million views. We use AI in it because it's narrating, telling the story. That's different. That's still a editor that's actually knows what they're doing, that's placing AI in it, utilizing, that's still work involved. I'm saying as far as the hands-free pilot, I don't got I'm chilling autonomous. AI is doing everything for me. That's not that hasn't happened yet. So, >> that's okay. AI. The idea of AI, I think, is ahead of the reality of AI. >> The idea of AI is ahead of the reality of AI in a lot of different in a lot of different places. We still have >> we still don't have the Jetson's car that we supposed to have 25 years ago. Still waiting for that to happen. Like there's still pilots in in the sky. We're supposed to have autonomous planes by now. Like commercial. I mean that's that's what that's what you would think would happen at this point in time in 20 26 like that's that's that's what was the promise >> based on what was that >> in 90 what we were prom the Jetson came out in what 70 >> exactly >> I'm saying AI the the the current state of AI the revolution has happened over the past three years what like we're just doing large language models right now so like what are you basing that off >> even the large language models are still being prompted so what I'm saying like what Ian said there's still a person attached to This idea that humans are going to be not needed anymore. >> That's the narrative that's been pushed a lot. Humans will be no longer needed. I haven't seen that. I haven't seen that. The idea >> the idea of AI has has gotten ahead of the practicality of AI. Of course, AI is going to be here. AI is going to change the world. AI is changing the world every single day. But there's a lot of companies that's just coming up with random ideas for AI and it's not going it's not going to work. And when that when that happens, a lot of these companies are going to fall by the wayside. >> And I'm not sure I agree, but okay. >> Tell me why, Frank. >> Well, I think we're we're so early in in inside of I I think the argument that's fair to make uh is that we haven't seen the revenue generated from the spend in AI and that takes time. Right. >> Right. So we're we're still we still don't have infrastructure yet. We still don't have energy yet. The applications are still trying to software hasn't even been put out. Yeah, you have a few models platforms that you use. You have five now. But like that's drastically going to change in the next 5 years, right? So I think we're so early that that argument I think still needs time to come to fruition, right? Like obviously Agentic will will be here at at some point in the near future. autonomous that's it's going to happen. It's going to take time for it to happen. I think that the fair argument from from my standpoint would be I and I could agree and and kind of what Alex is saying here is yes the spend and the capex where's the return the other part >> for for a lot of companies yet right >> you can't you wouldn't say that for Micron there's been a return >> yeah I I say they were the smart them SKH Nvidia but the premise of >> Yeah but for open AI like I've been using chat since 20 >> into end of 21 or 22. >> Um, even the premise there on the business side or consumer side, a lot of the stuff that it said it could do, it hasn't been able to do. Even like when Charlemagne made that post like Ian, you're in trouble. Open AI out and show is like no, you need human intuition like it can. And even for investing, >> open AI when you prompted it last invest fastest for what the next stocks were going to be, it got all of them wrong. So I I think there's a a way to go but I think the initial premise and promise for what is being spent >> in terms of like uh he talked about token pricing >> and then the thing I've been always asking how do you get 5x return I said it with open AI okay going to okay why you need to sell 5% of open a off to the government if you got a machine that can replicate God >> you're bullshitting on one side or another >> and it's just and it's just Elon Mus you change a company from a car company to a robotic company. It's no need to have 100 million humanoid robots. It's not going to happen. It's a fairy tale. That's a fairy tale. It's not going to happen. It's never going to It's not going to happen. >> Cuz if that's the case, they would have just traded the arbitrage on all if the model was that great to open the opening. But if the model was that great, you would have traded arbitrage every day to not raise capital. >> That was the first sign to me the wasn't working. >> Andropic does not have that issue. >> I that's why I think the key word is yet, right? Because the one thing that we do know about the models is that even as we're talking they're getting better, >> right? And so 3 years ago we sat here to a tea like you said open AI would lead. You said open AI would lead. Is it our leader today? >> No, it adjusted and that was the first said adjustment. >> So that that goes to the case that that models are getting better. Right. In a year we might not even say OpenAI is our leader. It might be something different cuz something would have surpassed it. So we're still early in this. I think they already been surpassed. And I brought up the the And also too, >> the Elon, that's why I always be telling y'all that beef It doesn't help. >> The Elon battle destroyed the company because the the Lindsy was willing to go and then here comes Anthropic. They take the lead. The model is back. Anytime they get the asking for that 200, cool. >> So, I'm happy with it. >> And that kind of ties back into the in Nvidia piece, right? I'm going to put the capital. I'm gonna give the compute and let's see who comes back with the thing that is going to lead. >> I think that the Alice I watched that thing live so it's a if you haven't seen it it's a seven minute segment but I'm glad we cut this piece because he keeps bringing the word up safe safe and if you think about safe >> I keep hearing him talking about in my mind he's talking about his own company. Why are we getting beat why are we getting beat when these people aren't making money and we have the idea and the platform and the technology to keep talking his own book for sure, >> right? We we want to keep you safe, right? We have the government contracts. Our platform is is the place. Those applications aren't ready yet. These people are trying to spend and spend. Now, the AI model is, hey, we're going to build inside of our in-house, which again, two things can be true because we just I just read the report that Broadcom and Google Google might say, hey, you know what? We're going to use our own silicone to build our own TPU. We we may not need you anymore. At the same time, Apple says, "Okay, cool. Rocom you're going to be our partner into 2031 >> right so people are saying how can we keep the stack inside the problem with that theory is that how many companies can afford to keep the entire stack >> not many bro >> three maybe not even Google Amazon maybe >> they'll put up some money but they won't >> but they won't so that's such a limited space of how many people can actually do that right so it become Not a monopoly, but I mean it is a monopoly in a sense if I'm doing everything in house. So he he's saying the right thing, but he's also promoting what they do, right? Because he's Why are we Why is the software space getting beat down, >> right? AI is software. That's the other funny part of that equation. That's what I'm saying. >> For those you don't know, AI is software. But going back to the picks and shovels, >> yeah, >> Micron, AMD, >> Intel, when they got selected, >> they made a great return on capital conversation. Put this in chat. Every business is in the hedge fund business. How much money can I make you? How much can I save you? How reliable can I be? If I made you money, please put yes and jet. what Open AI has not done, they haven't done a great job of letting the consumer base know how much easier your life can be. Even like when Open Claw came out, that was an issue. Deep Seek was an issue. And then also too, we haven't had an American company that is open sourcing yet. >> That >> that's the real Trojan horse and threat. >> Yes. >> That could lead to enterprise growth. kind of like but now we get into the Microsoft we're going to open source it and let you be in our ecosystem but with open sourcing there's going to come some IP and idea theft it happened with word for those you don't know like even on Microsoft my biggest favorite company of all time >> the origins are still nefarious all so even if they open source what platform will they build on what's the first place where's the first place they going to call home yo got to go to the mothership. >> So that so even open source, right? You can see CUDA still being the software that they're going to build on. >> Yeah, you got you got to go to the mothership. And that's why like the suppression of Nvidia because if we argue moes, they literally have governmental moes on both sides. They have the spend. They have the hardware. They have the platform, the partnership and likability. I don't get the compression. I really don't. But it's going back to people are just chasing the return and now we're chasing quality. I saw somebody in the chat said uh 300 by the end of the year. I'm not mad at I'm not mad at Nvidia at like in the 270s by the end of the year. I can I can see the path forward. The consolidation now. Is it frustrating? Yeah. What's also frustrating is that people tell me like, "Yo, Nvidia doesn't move." I'm like, "What? What are we talking about?" Like, >> yeah, because everybody everybody's looking to trade. They're not looking to in that breaks my heart cuz it's going you going to see me in like in one of them other countries with another place and like me should have listened. You should have. You should have. It doesn't move for the gambler in you. If you have some capital in it, 50 grand, 100 grand, 200 grand, it is a beacon of safety >> for sure. >> What's the outlook for TSM? >> TSM is uh for those not to know the number one uh manufacturer and packaging company for for semiconductors in the world. I think at at this point they produce 80 to 90% of the world semiconductors. Um, and so when I talk about my favorite companies, this is at the top of the list when we talk about the most important companies. Obviously, at the top of the list, they report on the 16th, which I believe is next Wednesday. Um, early expectations right now, they're looking at a 50% jump in revenue, which is absolutely ridiculous. Um, the the future guidance looks like they're going to increase it as well. I think TSM, and I like that it reports early. It reports before everybody. >> Yeah. Yeah, >> because it it will tell us are they getting orders from Nvidia? How high? Right. Last quarter they said Nvidia's orders were in such high demand that they pass Apple as their number one client. >> Right? So much so that TSM said, "Okay, we've got so much demand that we might have to offshoot some of our demand to some of these companies, which is why we talked about Amcore as a company that's going to be a beneficiary of that." There's another company, but it's a South Korean one, uh, ACI, that we can't directly invest in. So we we'll go with Amcore for now. Um but that demand story will be on the forefront. Is Nvidia still having that same level demand? Is Apple's demand? Is the appetite still there? Is AMD's demand still there? AMD is like I mean we're quiet was up $20 today >> just quietly at over I think it was at 570 today. >> What does that demand story look like? you're going to see the AI hyperscalers come to the forefront and if uh TSM is able to say hey demand has peaked again now we're going to see another start uh of ticking up uh of that semiconductor space in the technology space because capex hasn't slowed down in fact it's getting increased the demand hasn't slowed down >> have companies pulled back yeah have people taken profits yeah you know my favorite question has the story changed. >> No, TSM should be at 6 18 months. Um, and we can argue if it was American born and bred, it' probably be number one. >> We getting closer for real. Like, hold for the long term. Um, and before we rap, I don't know if we're close to rapping. Please put this in chat. I only need four stocks to hold on to for a lifetime. Um, I had an interesting conversation with a brother in Stock Club. His granddad in 1980, shout out to Stock Club, put yes in chat if you saw it in Telegram. Um, 80 shares if you would have held it through all the splits would have turned into 17,000 shares. So even in the desire to want to sell off early, some of these companies are going to have to split. and then you go from having a 100 shares to a thousand shares or 100 to 500. There's only upside potential if you're holding equities for a long period of time. You only need four that you're going to marry. Like even uh Rashad talked about it earlier. Even with QQ, you can't go wrong. I know some of you what about TQQ and what about TCO? Yeah, you can add the exotics on top of it, but your core four have to be ones that you never like you never wake up in the middle of the night worried about VO or VTI or VUG or QQQ. You only need four. My question for you is why are you not executing? Because you want to gamble. >> And if you gamble, you deserve to be broke. I think you deserve to be rich and wealthy. Hold for the long term. But at this point, I'm being real. Do what you want to do. If you want to blow through your money and mess up your money, I'm not. >> If you want to, I I love that for you. >> You're right. >> I really do. >> No, you're right. You're right. Have it your way. >> There you have it, ladies and gentlemen. Get your tickets to Investfest August 7th through August 9th in Atlanta. This is going to be one for the history books for real. >> A lot going on. A lot going on. Um, check us out Wednesday 9:00 Eastern Standard Time for Blackout. We will be live. >> A lot to talk about. We may do some callins. >> Yeah. Yeah, for sure. Why not? >> Yeah. >> And Thursday, um, check us out at 12:00 Eastern Standard Time. We got Sua Pro who's going to be breaking down the salon suite >> industry. Yeah. >> In detail. >> Yeah. And huge shout out to uh I should have said this earlier, but huge shout out to our EIL regional groups. Uh obviously during Junth and um over the holiday here, Father's Day, they had incredible meetups. I want to give a huge shout out to all the leaders. Watching y'all execute even when we not there speaks volume. So shout out to Atlanta, shout out to Chicago, shout out to Michigan, obviously New York and New Jersey. Um love is love. We are 30 days away, y'all. >> We are you talking earlier, my heart started pounding. I'm like >> 30 days away from everybody coming together >> for the big family reunion called Investfest. So, I'm looking forward to meeting and seeing everybody. >> Shout out to my Morocco fans. I'm not a bandwagon person, but shout out to my Morocco friends. Had an amazing time at the match. And oh my god, my heart broke yesterday when when Jude Jew got busy early against Mexico. >> Shout out to Dude, man, I support my Jamaican brother >> on cooking, bro. I said you got that second goal. I said, "Oh, it's over with." >> Star. He's the star. >> And we going to be We going to talk about on We going to talk about the World Cup on Blackout. >> We got Smash. >> Um, yeah. >> We going to talk about the World Cup on Blackout. >> Damn. >> There's a lot going on. A lot of racist comments being made. A lot of >> Saw that. Saw that. Saw that. Shout shout out to uh K Ver. Shout out to everybody. K Ver. I know we have a a large population of supporters out in Rhode Island. Magdal to the Cape Verians. I had no clue. Yeah. >> You know what? >> Hey fellas, we gonna talk on Blackout the >> what? >> The World Cup play. >> Remember what we said earlier, man? >> What was we say? >> Yeah. See, see. >> Tune in Wednesday. >> See, there you go, man. >> Yeah. Tune in on Wednesday, man. Shout out to all the teams out there. You know, I was my team my team Brazil. I'm rocking with France now. You know they colonized. >> How you do that? >> What? >> How you just jump the team? >> Mbappe the world's greatest. >> Yeah. >> The country, man. >> I've always said that. I've I've been consistent with my support of Mbappe. He's the world's greatest. >> World's greatest what? >> Football. >> Footballer. He different, bro. >> Footballer. That's a fact. >> Is my guy different, bro. He's different. Generational talent. Yeah. He's a generational talent. >> Number 10 is still playing. Let's just be mindful. >> 2026, >> I'm not talking about all time career. I'm talking about 2026. >> 2026. He's leading right now. >> They tied. >> Well, Holland's tied with them, too. Shout. >> Yeah, they all tied. >> The Vikings. That dude. >> They tied. >> That dude's crazy. >> Fellas, get to that Brazil game, though. >> Yeah. Yeah. >> Colia still in it. >> Colombia is playing tomorrow. >> Egypt. >> Tomorrow. >> They said they got the number one support. That's That's how you know I've been focused. I ain't go to none of them games. >> They're playing in Houston. >> I'm not They might be playing in Houston. Actually, Argentina, Egypt, and is in uh Atlanta tomorrow. >> Locked in. Yeah. Get your tickets to Best Pass. Support me when I get on stage Sunday and tear down because I ain't go to none of them games on the extracurriculars. >> We need We need the Colombia Massive to pull up. We need Kie to pull up. We need a couple countries. K Verdians boy >> the Moroccan fans was tough correct energy crazy >> but high sense >> I'mma be real some some of them brands shy that did you saw in China thank god that they aren't sold here in America >> I'm rocking with high sense I'm rocking with them I got I got a few TVs two high sense TVs I like them >> fire >> yo y'all be good y'all be good to each other uh uh call somebody, reach out to somebody. The summer is here and if you don't have any motion out there, it gets really difficult. So get outside. You know, you got to get outside. You got to explore. >> You can black out energy, too. >> No. Meet some people. >> You know what I mean? >> Open yourself up to new relationships. They're important. And uh let's let's let's make the best of our time here together. Let's do that. >> Okay. We we need to do a mark of mud like a a blackout at the dark one day. >> It's one time. Yeah. Y'all be good, man. Love is love. >> Do we have