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Transcript

HOW CORDAE QUIETLY BUILT HIS POWERHOUSE STOCK PORTFOLIO · Earn Your Leisure

• 0:00
  Speaker 1: I want to have an investment conversation because people don't
• 0:02
  Speaker 1: really know that you are really into investing. And we
• 0:06
  Speaker 1: learned this when we first met you probably five years ago.
• 0:09
  Speaker 1: And we interviewed you. And you was talking about all
• 0:11
  Speaker 1: the investments that you made during the pandemic since then.
• 0:14
  Speaker 1: And like I said, I'm not just being facetious, guys.
• 0:17
  Speaker 1: He's actually in the EYL University classes. He watches the classes.
• 0:21
  Speaker 1: He's actually doing things on his own. He's studying charts.
• 0:26
  Speaker 1: He's actually a real investor in real time.
• 0:31
  Speaker 2: No, this is, and it doesn't even come as a
• 0:32
  Speaker 2: surprise when we met you five years ago, we were like,
• 0:35
  Speaker 2: he's going to be one of the ones to come
• 0:37
  Speaker 2: back full circle and hear that you're still investing in it.
• 0:40
  Speaker 2: But to hear the stories that we talk almost maybe
• 0:42
  Speaker 2: once or twice a week now. And I'm like, I
• 0:44
  Speaker 2: don't think that people understand the knowledge that you have
• 0:48
  Speaker 2: and all the research that you've been doing. And you
• 0:50
  Speaker 2: were pretty candid. I've been watching y'all and I've been
• 0:53
  Speaker 2: learning from y'all, man. So kudos to you for number one,
• 0:56
  Speaker 2: taking the information, but even more so executing on the information, man.
• 1:00
  Speaker 1: So, so off, off rip, let's get into it, man. Let's,
• 1:03
  Speaker 1: for people that might not remember that episode, tell them
• 1:05
  Speaker 1: how you got started investing. Cause it was during the
• 1:08
  Speaker 1: pandemic and you made some, some crazy investments during the pandemic.
• 1:12
  Speaker 1: Are you still holding those investments that you, that you
• 1:15
  Speaker 1: had made?
• 1:16
  Speaker 3: For sure. Buy and hold H O D L. Um, one.
• 1:21
  Speaker 3: Thank you. Yeah.
• 1:22
  Speaker 4: Yeah.
• 1:22
  Speaker 3: Come on.
• 1:23
  Speaker 5: Generational buying time, right? One, like, I try not to
• 1:27
  Speaker 5: call myself a great investor. I've just been mega blessed
• 1:31
  Speaker 5: to come in at the perfect timing.
• 1:34
  Speaker 3: I was on tour.
• 1:35
  Speaker 5: Obviously, pandemic happened March 20, March 30 of 2020. And
• 1:42
  Speaker 5: I just had all this extra just dry powder, for
• 1:45
  Speaker 5: lack of a better word, just sitting in a savings account.
• 1:49
  Speaker 5: And so I've been doing a lot of research and
• 1:50
  Speaker 5: I also was hearing a lot about stocks, watching you
• 1:53
  Speaker 5: guys My little brother's dad was putting me on to
• 1:57
  Speaker 5: like stocks and things of that nature. So I just
• 1:59
  Speaker 5: bought like the simple stuff, you know, Apple, Microsoft, Nvidia,
• 2:04
  Speaker 5: and them lots, man.
• 2:05
  Speaker 3: I still, you know how you can look on your
• 2:06
  Speaker 3: Charles Schwab, them lots, man.
• 2:07
  Speaker 5: And them lots say them dates. And, you know, that
• 2:10
  Speaker 5: Nvidia say $ 30, you know, average price. It's a great feeling, man.
• 2:15
  Speaker 5: You know, so buying whole, dollar cost average. Then now
• 2:18
  Speaker 5: the only problem when you get in stocks early like that,
• 2:22
  Speaker 5: and I have the same issue with Micron.
• 2:24
  Speaker 3: I have such a hard time buying on like these
• 2:28
  Speaker 3: little dicks now.
• 2:30
  Speaker 5: Yeah, because right now, perfect example, Micron, my cost basis
• 2:34
  Speaker 5: at like a 580. I'm like, yo, I do not
• 2:36
  Speaker 5: want to get it to 600, but I.
• 2:38
  Speaker 4: Just believe in memory, at least for the next year,
• 2:42
  Speaker 4: you know, put that right there. I believe in memory
• 2:45
  Speaker 4: at the very least if I'm being bearish for the
• 2:47
  Speaker 4: next year for it to keep running up. So I
• 2:50
  Speaker 4: go on that tangent to say, yeah, just from, you know,
• 2:52
  Speaker 4: watching you all I kind of had this little tool
• 2:55
  Speaker 4: that I do now when I'm buying something new. Obviously,
• 2:58
  Speaker 4: if it's something that you guys are mega bullish on,
• 3:01
  Speaker 4: and then I'll use my chat.
• 3:03
  Speaker 3: GBT or Claude, and cross-reference, I'll be like, okay.
• 3:05
  Speaker 5: What does Leopold, Gavin Baker, and Nancy Pelosi, what's one
• 3:12
  Speaker 5: common stock that all of them own?
• 3:14
  Speaker 3: You know what I'm saying? And David Tepper.
• 3:16
  Speaker 5: And so I just go to all the people who
• 3:18
  Speaker 5: has like the biggest gains, like I said, including if
• 3:20
  Speaker 5: y'all talking about it, then I see like Leopold, Gavin Baker, Nancy,
• 3:25
  Speaker 5: and Tepper all in the same thing.
• 3:27
  Speaker 3: And they're all in Micron, all in Amazon.
• 3:30
  Speaker 5: Then I'm like, okay, let me load the boat on those.
• 3:33
  Speaker 5: You know, once I get it, you know, at a
• 3:35
  Speaker 5: good price, obviously, you know, I kind of do the
• 3:38
  Speaker 5: 200 EMAs, you know, 50 EMAs, but I'm more of
• 3:42
  Speaker 5: just like, I'm repeating, you know, a lot of the
• 3:46
  Speaker 5: I'm saying the stuff that y'all say all the time.
• 3:48
  Speaker 3: But it don't hurt to repeat gold. You know, gold
• 3:51
  Speaker 3: don't get old.
• 3:52
  Speaker 5: But it's just buying good stocks at good prices, man.
• 3:56
  Speaker 5: That's really what it's about, honestly, for me personally and
• 3:59
  Speaker 5: my journey.
• 4:00
  Speaker 2: Your journey has been incredible and watching your journey has
• 4:03
  Speaker 2: been more incredible. I want to now, because you're finding
• 4:07
  Speaker 2: new companies, right? Like when we've had conversations, I'm like, oh,
• 4:10
  Speaker 2: where'd you hear that? And then like, I'll go research
• 4:12
  Speaker 2: a company. So when you're doing that, what exactly are
• 4:15
  Speaker 2: you looking at in terms of a company before you say, yes,
• 4:18
  Speaker 2: I'm going to invest?
• 4:20
  Speaker 3: Okay, one.
• 4:22
  Speaker 5: I'm so glad you said this, Ian, because I was
• 4:25
  Speaker 5: a slave to the four peonies for a little bit.
• 4:28
  Speaker 5: And that's not always the best case, honestly, just looking
• 4:32
  Speaker 5: at peonies. But it is important. So I look at
• 4:35
  Speaker 5: the price to earnings ratios. I look at the PG.
• 4:40
  Speaker 5: More importantly, before that, I look at the moat. I
• 4:42
  Speaker 5: look at how strong is their moat. What is their
• 4:47
  Speaker 5: competitors looking like? What is their free cash flow looking like?
• 4:51
  Speaker 5: And what is their correlation to AI? And are they
• 4:55
  Speaker 5: a check casher or a check writer? Right now, I
• 4:59
  Speaker 5: like investing in all the check cashers, you know, the
• 5:01
  Speaker 5: one that the hyperscalers are pouring all these trillions of
• 5:04
  Speaker 5: dollars into.
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  Speaker 3: And so, yeah, I like....
• 5:09
  Speaker 5: Yeah, the check cashers right now, just great companies at
• 5:13
  Speaker 5: great prices, right?
• 5:14
  Speaker 3: And they have a very strong moat.
• 5:16
  Speaker 5: And it's like, look, man, I'm mega blessed, bro. I'm
• 5:18
  Speaker 5: still in my 20s, so I'm a little bit more
• 5:20
  Speaker 5: aggressive than the average investor would be and should be, honestly.
• 5:24
  Speaker 5: Let me put that right there. I know y'all start
• 5:27
  Speaker 5: off the episode with that, but I'm going to.
• 5:29
  Speaker 3: Say it myself.
• 5:30
  Speaker 5: Please do your own diligent research. Who cares what Ja
• 5:34
  Speaker 5: Rule think? You know what I'm saying?
• 5:36
  Speaker 3: But.
• 5:37
  Speaker 6: shout out the jaw shout out the jaw you get
• 5:43
  Speaker 6: the reference um but um But yeah, man, just great
• 5:48
  Speaker 6: companies with a strong moat.
• 5:51
  Speaker 5: Great correlation for AI, for me personally, because I believe, like,
• 5:54
  Speaker 5: I always tell my friends I be trying to get,
• 5:57
  Speaker 5: you know, all my loved ones to invest in whatever.
• 6:00
  Speaker 3: They all down for the options, though.
• 6:02
  Speaker 5: It's much easier to convince people to get in the
• 6:04
  Speaker 5: options than it is for the.
• 6:05
  Speaker 3: Buy and hold, bro. That's so crazy. We're getting there, Corey.
• 6:08
  Speaker 3: We're warming up.
• 6:10
  Speaker 1: I got to ask you.
• 6:12
  Speaker 7: How are you balancing the long-term versus short-term? And to
• 6:16
  Speaker 7: that family point, how do you think we get our
• 6:18
  Speaker 7: family members to see the value of holding long-term versus
• 6:22
  Speaker 7: the quick flips?
• 6:25
  Speaker 3: Man, that's difficult, bro. I'm not going to lie because-
• 6:28
  Speaker 3: It's tough. Man, I showed them the lots. You know
• 6:31
  Speaker 3: what I'm saying?
• 6:32
  Speaker 5: I'll literally show, hey, I put this much. I'm showing
• 6:35
  Speaker 5: them the lots, like the broken down lot. Like, yo,
• 6:38
  Speaker 5: I bought this and this. Mind you, our episode, when
• 6:41
  Speaker 5: we first did our first interview, that was 2021. So
• 6:44
  Speaker 5: that's six years. Yeah, yeah, that's five years ago.
• 6:47
  Speaker 3: Excuse me.
• 6:47
  Speaker 6: Yeah.
• 6:49
  Speaker 5: So I showed them the lots, you know, and I'm like, man,
• 6:52
  Speaker 5: if you just put this down and just hold, but.
• 6:55
  Speaker 3: Nobody want to hear that.
• 6:55
  Speaker 5: But when I brought out the options, they're like, man,
• 6:57
  Speaker 5: I done did an X10 and a weekly. Everybody's down.
• 7:02
  Speaker 3: That's so much easier to convince folks to do options.
• 7:05
  Speaker 3: So I don't know. It just depends on the individual, bro.
• 7:08
  Speaker 5: Like it's honestly, it falls on deaf ears when I'm
• 7:11
  Speaker 5: like really preaching on like just buying and holding, like
• 7:14
  Speaker 5: just get your ETS.
• 7:14
  Speaker 2: Yeah.
• 7:16
  Speaker 5: Yeah, I'm preaching to the literal choir. I'm preaching to
• 7:20
  Speaker 5: the literal choir. But yeah, so how do I balance it?
• 7:24
  Speaker 5: So I have a separate trading account and then I
• 7:27
  Speaker 5: have my buying hold. So my trading account, I might.
• 7:32
  Speaker 3: Can I curse or no? Yeah, of course. Okay, yeah, yeah.
• 7:36
  Speaker 5: So I might get a little shit cold every now
• 7:38
  Speaker 5: and then in a trading account.
• 7:40
  Speaker 3: You know what I'm saying?
• 7:40
  Speaker 5: But that won't touch the long term. The buying hold
• 7:44
  Speaker 5: got the gold in it. Apple, Microsoft, Nvidia, Micron.
• 7:49
  Speaker 3: QQs, etc.
• 7:50
  Speaker 6: So.
• 7:52
  Speaker 5: But honestly, I've kind of came to the realization that
• 7:56
  Speaker 5: I really need to stop trading because it's another bar
• 7:58
  Speaker 5: you said, Ian. You be trading away your generational wealth
• 8:03
  Speaker 5: for the quick 30% flip, the quick doubles, the quick triples.
• 8:07
  Speaker 5: And it's true because, bro, NVIDIA, it's like we up 780%.
• 8:11
  Speaker 5: You know what I'm saying? Just from buying and holding.
• 8:14
  Speaker 5: But if I just would have flipped and just bought
• 8:16
  Speaker 5: and sold NVIDIA.
• 8:17
  Speaker 3: For like a. 50, not. 50, for a 50% gain...
• 8:21
  Speaker 3: They're like, what are we talking about?
• 8:23
  Speaker 5: So I trade the companies that I'm like, I like
• 8:26
  Speaker 5: a lot, but I don't know if I want to
• 8:27
  Speaker 5: hold them forever.
• 8:28
  Speaker 3: Like, perfect example, Intel.
• 8:30
  Speaker 5: When Intel hit like $ 89, man, I bought a bunch
• 8:34
  Speaker 5: of shares and I just sold them today. I just
• 8:37
  Speaker 5: sold them today because I'm like, yeah, I'm up a
• 8:39
  Speaker 5: good 25%. I'm cool on that. I trade the fuck
• 8:43
  Speaker 5: out of SanDisk, bro.
• 8:44
  Speaker 3: I tried to buy a whole SanDisk, but I'm in
• 8:47
  Speaker 3: too late, man. I got into it.
• 8:49
  Speaker 6: I got into it.
• 8:50
  Speaker 3: And it's too up and down for me, man.
• 8:53
  Speaker 5: So I bought Sandisk at like 980 when it hit
• 8:56
  Speaker 5: the Leopold lows, you know, July 30th. I bought it
• 8:59
  Speaker 5: at like 980, sold it at like 1500, bought it
• 9:03
  Speaker 5: again at 12, sold it at 16, bought it at 15,
• 9:07
  Speaker 5: sold it at like 1777.
• 9:09
  Speaker 3: So I have certain stocks that.
• 9:11
  Speaker 5: Were like the NAND, I feel like in the memory,
• 9:14
  Speaker 5: and again, this is just my personal opinion.
• 9:16
  Speaker 3: Out of all the memory.
• 9:17
  Speaker 5: Stocks, I feel like NAND has the weakest moat. versus
• 9:21
  Speaker 5: the the hbm and the drum etc so that's why
• 9:24
  Speaker 5: i like buying and holding the drum etf buying and
• 9:26
  Speaker 5: holding the micron at least until i get a full
• 9:30
  Speaker 5: year in a month so i get the long term
• 9:32
  Speaker 5: versus short term capital gains that's a big difference um So, yeah,
• 9:38
  Speaker 5: so I kind of, I trade the companies that I'm
• 9:40
  Speaker 5: like bullish on at least for right now for the
• 9:42
  Speaker 5: next year or two, you know, but like as far
• 9:44
  Speaker 5: as buying and holding or like even like an Oracle, man,
• 9:48
  Speaker 5: it's like.
• 9:48
  Speaker 3: Half off for all time high right now.
• 9:52
  Speaker 5: The four P & E is like all time low
• 9:55
  Speaker 5: for Oracle.
• 9:55
  Speaker 3: So I might trade some Oracle right now, honestly.