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The #1 Portfolio Mistake Keeping You Broke (And How to Fix It) · Earn Your Leisure

• 0:00
  Speaker 1: Two different reasons. If I'm looking for upside, I'm taking Anthropic.
• 0:03
  Speaker 1: If I'm looking for pure upside, I'm taking Anthropic because
• 0:07
  Speaker 1: of the role that it's going to play in pretty
• 0:09
  Speaker 1: much every industry, which is why the government has to
• 0:12
  Speaker 1: figure out how they're going to either work with it
• 0:15
  Speaker 1: or figure out a way that it can incorporate it.
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  Speaker 1: I think Anthropic is that important. And Dario has become,
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  Speaker 1: he's won people over. He's certainly won people over. Yes.
• 0:25
  Speaker 2: He's become more of a face. He's speaking more.
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  Speaker 1: I saw him with the announcement with Mark Benioff at
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  Speaker 1: Salesforce and the partnership that they just announced when SaaSpocalypse
• 0:35
  Speaker 1: was the theme. He kind of literally changed the entire
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  Speaker 1: software industry with that announcement. Apple, if I'm looking for
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  Speaker 1: certainty and something that's steady and it's a trusted brand
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  Speaker 1: and it's a long-term investment, I would choose that. But
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  Speaker 1: if I'm looking for upside specifically, I'm going Anthropiq.
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  Speaker 3: Shawty, what about you?
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  Speaker 4: Apple.
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  Speaker 2: Okay. Tell us why.
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  Speaker 5: Well, it's lightning round, so I don't want to be
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  Speaker 5: too long-winded, but it's a brand that you can believe in,
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  Speaker 5: and defense is the best offense. So, yeah, definitely Anthropic
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  Speaker 5: has more upside potential, but it also has more downside risks.
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  Speaker 2: Who you got?
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  Speaker 3: What are we looking for, safety or return?
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  Speaker 2: Return. I think that's what most people are looking for.
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  Speaker 4: It got to be a combination of the two.
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  Speaker 6: I would say to me, pairing Anthropic and Apple together
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  Speaker 6: in a portfolio is like in a dream world. If
• 1:41
  Speaker 6: I can put Tyrese Maxey and Kevin Durant together, one's
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  Speaker 6: more seasoned, one's more up and coming, superstar.
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  Speaker 3: So for clip purposes.
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  Speaker 6: I'm going to say both, but if I'm looking for
• 1:52
  Speaker 6: pure return, I'm going to come back to you guys.
• 1:57
  Speaker 3: Cliffhanger.
• 1:59
  Speaker 6: Tune into the next Thought Club call if I tell
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  Speaker 6: you if I like Anthropic or Apple more.
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  Speaker 3: Back to you guys.
• 2:07
  Speaker 4: Yeah.
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  Speaker 1: I mean, it's just a crazy time, right? You think
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  Speaker 1: about Apple getting to a trillion dollars and we remember that.
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  Speaker 1: And now you have a company five years later that's
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  Speaker 1: going to probably IPO at two trillion.
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  Speaker 2: Yeah. Yeah. Pretty amazing.
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  Speaker 6: Last one, Salesforce versus Ethereum. Which one would you lean on?
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  Speaker 6: If you had your last 30,000 to put into the market,
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  Speaker 6: you had to pick one.
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  Speaker 3: I'll go first. I am elated.
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  Speaker 2: That's not even a fair comparison.
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  Speaker 6: I wanted some diversity because, you know, we always do Apple, Microsoft,
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  Speaker 6: the ones I've heard the comments. You only talk about Apple,
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  Speaker 6: Microsoft and retard.
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  Speaker 3: Okay.
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  Speaker 6: Well, nevertheless, and then, but if you down a hundred
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  Speaker 6: bucks on the stock, then you're like, Hey, what do
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  Speaker 6: I do? Um, I do like Benioff's adjustments. I like
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  Speaker 6: him as a CEO. I do not love the company
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  Speaker 6: to invest in long term. I do think the SaaSpocalypse
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  Speaker 6: narrative was overrated because AI is software and Bitcoin and
• 3:05
  Speaker 6: Ethereum is software. So I find how they parse the
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  Speaker 6: differences very interesting. If I had to pick one, though,
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  Speaker 6: that I would probably lean on.
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  Speaker 3: Well, Troy, let me come to you. Which one would
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  Speaker 3: you pick?
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  Speaker 1: It's nasty, man. I was big on Ethereum. I still
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  Speaker 1: have some money in Ethereum. And I understand that blockchain,
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  Speaker 1: the functionality of it. I understand everything's being built on
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  Speaker 1: the Ethereum platform.
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  Speaker 6: Where Vitalik at? I haven't seen or heard from the man.
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  Speaker 6: Where the fuck is Vitalik at? What's the time frame?
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  Speaker 6: How about that?
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  Speaker 2: What's the time frame? Five years?
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  Speaker 6: Five to seven years. At least when the fire is
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  Speaker 6: going on with MicroStrategy, I'll give them credit. Saylor doesn't
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  Speaker 6: back down. I don't know where in Russia Vitalik is.
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  Speaker 6: And for that reason, I'm picking Salesforce. I'm leaning towards
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  Speaker 6: that too, which is ironic. I was just going to say,
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  Speaker 6: I'm leaning towards that because we know Benioff.
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  Speaker 1: And I think the only thing that troubles me with
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  Speaker 1: Salesforce is the debt structure around.
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  Speaker 1: How they're going to incorporate AI into the CRMs. But
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  Speaker 1: the partnership with Anthopic makes a lot of sense. And
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  Speaker 1: so he's been proven to keep that thing afloat. So yeah,
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  Speaker 1: I'll go with Salesforce for.
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  Speaker 2: This.
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  Speaker 4: I'm a Bitcoin maxi. And I only believe in Bitcoin.
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  Speaker 5: But.
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  Speaker 4: No Litecoin?
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  Speaker 1: No.
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  Speaker 6: Shout out to those of you who were trading and
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  Speaker 6: investing back in the day when Litecoin was supposed to
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  Speaker 6: be the one.
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  Speaker 3: That was, you know what I mean?
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  Speaker 2: Yeah.
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  Speaker 4: When he sold his shares.
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  Speaker 2: Was it Charlie Lee?
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  Speaker 5: That's when you knew it was over. It was over with.
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  Speaker 5: But Ethereum has more upside potential. 10 or 2 with Ethereum.
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  Speaker 5: Either 10 or 2. It's either going to get to
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  Speaker 5: $ 10, 000 or it's going to.
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  Speaker 4: Stay at 2.
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  Speaker 3: What do you know?
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  Speaker 4: But it has more upside potential. But it could also
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  Speaker 4: be the next... Stay flat.
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  Speaker 3: Yeah.
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  Speaker 4: Stay flat.
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  Speaker 6: And it's moved a little bit as of recent, but
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  Speaker 6: the premise and promise has not delivered the expected return.
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  Speaker 6: And I like Vitalik as an entrepreneur, but he has
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  Speaker 6: been very quiet. The thing I can't say about Benioff,
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  Speaker 6: in a world where open-claw... and OpenAI and Microsoft was.
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  Speaker 3: Eating away at his business.
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  Speaker 6: He's a guy who's just going to get a bucket
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  Speaker 6: to even do the partnership and not run away from AI.
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  Speaker 6: Shows how adaptive he is and it doesn't decay their business.
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  Speaker 3: Yeah.
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  Speaker 6: Like on an executive and CEO level, you have to
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  Speaker 6: give him credit for going into that storm and figuring
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  Speaker 6: out a way to salvage his company when it could
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  Speaker 6: have been over with.
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  Speaker 1: It could have looked really ugly, which is why I
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  Speaker 1: had this conversation early last week about when they reported
• 6:19
  Speaker 1: the stock moved 4%, and then he did the announcement
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  Speaker 1: as NVIDIA was reporting, which is like, damn.
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  Speaker 2: Mark, that's how you feel?
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  Speaker 1: But the fact that he had the guy who, and
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  Speaker 1: the guy whose company would ultimately disrupt and damage their company, say, hey,
• 6:37
  Speaker 1: I'm here to work with you, hella strategic, and You
• 6:43
  Speaker 1: watched that announcement turn into Salesforce jumping up 12% because
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  Speaker 1: of it. So now it's how do we incorporate AI
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  Speaker 1: to help grow our business rather than saying AI is
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  Speaker 1: going to completely disrupt and dismantle our business.
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  Speaker 2: Well played by him.
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  Speaker 4: But I will say this.
• 7:00
  Speaker 5: We will be talking about Ethereum and XRP and Solana
• 7:05
  Speaker 5: on Thursday at 9 o'clock when we have Austin from
• 7:11
  Speaker 5: EYL University Um, he's going, he's specifically going to be
• 7:15
  Speaker 5: talking about digital assets and cryptocurrency.
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  Speaker 4: He's very bullish on, on all of those.
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  Speaker 5: So if you're interested, you can hear from him, his, his,
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  Speaker 5: his thesis on, um, altcoins, but, uh, that's Thursday at
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  Speaker 5: nine o'clock.
• 7:31
  Speaker 3: But, um, me, good, good media transition. It's Bitcoin. Bitcoin.
• 7:38
  Speaker 2: It's Bitcoin.
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  Speaker 4: Um, okay. Was that the last one?
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  Speaker 3: Yes.
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  Speaker 4: What's the biggest investment mistake right now?
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  Speaker 6: Warren Buffett just turned 95 or 96. And I was
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  Speaker 6: going back through some of his early investor lessons, and
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  Speaker 6: I think the biggest mistake that I'm seeing, and this
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  Speaker 6: has been done intentionally, A, not waiting for the right price.
• 8:04
  Speaker 6: And I'm going to keep saying that too many of
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  Speaker 6: you are investing in too many companies. I love the
• 8:09
  Speaker 6: Review My Portfolio segment that we did a couple weeks
• 8:12
  Speaker 6: ago And I did it on Stock Club Call, the
• 8:15
  Speaker 6: last Stock Club Call. The thing that I'm seeing with
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  Speaker 6: the millionaires, though, and shout out to all the Red
• 8:21
  Speaker 6: Panda millionaires.
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  Speaker 3: I love you all.
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  Speaker 6: When I look at their portfolios, their portfolios normally look
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  Speaker 6: like this.
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  Speaker 3: Really short.
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  Speaker 6: It's concentrated in a few companies. The ones that have 12, 13, 14, 15,
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  Speaker 6: 16 assets in their portfolio, they have good positions, but
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  Speaker 6: very few of them. So the mistake that I see
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  Speaker 6: everyone is making is that you're kind of making your
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  Speaker 6: own ETF, own index. Like today, somebody had 39 positions.
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  Speaker 6: I'm like, how do you, unless you just have 100
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  Speaker 6: grand that you can throw into the market, how do
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  Speaker 6: you even get enough shares of those companies for it
• 9:00
  Speaker 6: to even make an impact long term? So hyper concentration
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  Speaker 6: is the way to go if you want to build wealth.
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  Speaker 6: And having too many companies almost leads to too much fear.
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  Speaker 6: and stops you from getting rich because you're too spread out, Paws,
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  Speaker 6: in your portfolio.
• 9:18
  Speaker 2: I'm going to shout to the chat. My group chat
• 9:21
  Speaker 2: is in here.
• 9:22
  Speaker 3: They watching.
• 9:22
  Speaker 2: I'm going to say this. Solely relying on making calls
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  Speaker 2: surrounding earnings.
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  Speaker 3: Thank you.
• 9:32
  Speaker 2: Stop that.
• 9:37
  Speaker 3: You know what?
• 9:38
  Speaker 2: It's an emotional roller coaster.
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  Speaker 1: And so if you're doing it, number one question you
• 9:44
  Speaker 1: should ask is, have I built my foundation first? Have
• 9:48
  Speaker 1: I built, we spoke about it last week, have I
• 9:50
  Speaker 1: built my foundation, have I built shares, have I bought indexes, ETFs,
• 9:54
  Speaker 1: have I bought equities, am I buying options on the
• 9:57
  Speaker 1: equities that I actually have, rather than saying like, hey,
• 9:59
  Speaker 1: NVIDIA's about to report what you think we should do.
• 10:02
  Speaker 2: I'm about to get in a position. Because as we've.
• 10:05
  Speaker 1: Seen, right, six out of the last eight up until
• 10:08
  Speaker 1: last week, it went negative after. So some people are
• 10:11
  Speaker 1: doing puts, some people are doing calls. The thing is
• 10:13
  Speaker 1: like if you buy a call, and I always say this,
• 10:16
  Speaker 1: buy time, right, buy time. But what are we buying
• 10:18
  Speaker 1: in time? We're buying in catalyst events. We're buying in volatility.
• 10:23
  Speaker 1: And we're also buying in these earnings, right? So if
• 10:26
  Speaker 1: we have a call that's out for two years, that
• 10:28
  Speaker 1: means we have at least eight earnings reports inside of
• 10:31
  Speaker 1: those calls to watch the ebbs and flows of how
• 10:34
  Speaker 1: they're going to report, what their future guidance is going
• 10:35
  Speaker 1: to look like.
• 10:36
  Speaker 2: So just be mindful if you're doing that.
• 10:38
  Speaker 3: They're playing a weekly. Rashad, to you, what's your answer?
• 10:43
  Speaker 4: The biggest mistake is not watching Market Monday. 5,600 people
• 10:46
  Speaker 4: want to check in. Mighty, mighty, mighty Market Mondays Army.
• 10:51
  Speaker 3: I appreciate y'all. Go ahead, Foppy.
• 10:54
  Speaker 2: Go ahead.
• 10:54
  Speaker 3: I got you.
• 10:56
  Speaker 4: Still alive. Still alive.
• 10:59
  Speaker 2: Yo, PJ Kev, you got to stop. Yo, PJ Kev.
• 11:02
  Speaker 3: Shout out to Kev.
• 11:04
  Speaker 2: Yo, Kev, you got to stop. Josh, I love you, man.
• 11:06
  Speaker 2: Stop it, Kev.
• 11:09
  Speaker 4: But that is the biggest mistake, though, in all seriousness.
• 11:14
  Speaker 3: Cam going for the home run every time. Go ahead, Rashad.
• 11:18
  Speaker 4: All jokes aside, the biggest mistake is not watching Market Mondays.
• 11:23
  Speaker 5: Because it's a vitally important part of your education and
• 11:27
  Speaker 5: it's free and it's entertaining as well. So, man, it's
• 11:33
  Speaker 5: such a great way to start the week. You can
• 11:36
  Speaker 5: map out your strategy, your vision board, your watch list.
• 11:42
  Speaker 4: It's highly recommended. For sure.
• 11:46
  Speaker 5: And you're able to listen to it on the podcast
• 11:51
  Speaker 5: outlets if you can't visually see it.
• 11:55
  Speaker 4: I don't know.
• 11:55
  Speaker 5: If you don't watch Market Mondays, I have to question
• 12:02
  Speaker 5: your decision-making ability.
• 12:04
  Speaker 3: Not everybody wants to get rich, bro. That's one thing
• 12:07
  Speaker 3: I'm learning.