Going ALL IN on Tesla Stock & Bitcoin | Millennial Money [Episode 9].

well howdy there folks and welcome into millennial money thank you so much for joining us as always today if you're not subscribed to the channel make sure you go ahead and subscribe we do these videos each and every week tonight we have a lot to talk about okay we got to talk about tesla stock it had a roaring day today we're going to talk about you know going all in tesla stock we're going to talk about bitcoin in this video we're going to talk about the coinbase ipo we're going to talk about other stocks other cryptos things that are going on interesting stuff that happened over the past week we have meet kevin with us andre jack and mr graham stefan and then myself jeremy lafave and so we've got a lot to get into gentlemen this is going to be a phenomenal time as always and look at kevin with the fancy camera workout that's fantastic dude that looks like that i almost disappeared oh my goodness man that is so cool whoa whoa we all need a set like that kevin can you hook us up man and make a nice set like that that is absolutely amazing oh where do we start guys i mean uh i was just reading about the coinbase ipo i'm not sure if you guys are tracking that at all and honestly that was a great video kevin i like that breakdown yeah so okay so for anyone who missed kevin's video definitely go watch that video it's great he gives a breakdown of prices that he thinks it's good to buy and the summary is i'm sorry i'm just going to give it away here kevin is going to load the truck if it's under 400 that's the that's the number to aim for dude this is crazy this is this is nuts because i literally put their yeah 80 times multiplier right that was the pe ratio yeah what did that work out valuation wise 80 or 100 billion no 400 is just over a hundred it's like what was it like 110 or something like that oh yeah 120 billion dollars oh my gosh wow this is nuts this is nuts because i literally just got done filming a video and i have it come out exactly after this this live stream on my price targets for coinbase and i'm actually interested in it as well so what's your price targets here i can't i can't give it away man that's really come on man i can't do it i wish i would have released it before the video okay okay fine under or over 400 buy um under 400 but i have specific targets like i'm like 350 to 400 blah blah blah so i don't want to give we are not getting it for 350 that's like private sale numbers yeah it's going to be interesting you you never really know but yeah i mean uh we'll see my only fear is that they're extrapolating these numbers based on q1 and q1 was 1.8 billion dollars and by the way i think i speak for all of us when we when i say all of our youtube numbers has have been down 30 at least but with coinbase and with bitcoin i mean we had a crazy first quarter so i don't i don't imagine a world where their next their q2 q3 looks anything like q1 i i think it's going to be at least i mean 50 of what it was unless we get that bowl scenario where in september bitcoin's gonna take off and perhaps go to 100k in which case yes then we can assume 1.8 or more why september i think earlier i think it's going to happen it's going to happen by september by september but it shouldn't happen yeah yeah well is there something in september it's it's always just following the same trends that it's always done i believe it's 18 months after the halvening that's when it goes parabolic why closest to september that's just that's just the cycles that we're in you would think though after a while that would be priced in already people would begin to know okay september's a good month so i'm going to beat it i'm going to buy it in august i mean buy it now don't wait till longer i know i i agree but there's something that's called the observer effect and when something is observed the results change because people predict what it's going to do and that influences what actually happens so i don't know so every time i hear about stuff like that i'm skeptical okay so i do think that by september we are gonna do something crazy i don't know exactly where we'll go but my my unknown is are we going to repeat the same scenario where we go parabolic and then we get a crash 50 or more because i feel like at this point everyone is expecting for that to happen and since the pandora's box has sort of been opened and now we have all these hedge fund managers and all these corporations buying bitcoin i don't know if we're gonna have that same collapse anymore it's just people are going to assume we're going to collapse but that parabolic that thing is just going to keep on going listen i think i think for it to go to 63 the natural progression seems to be for it to hit a hundred thousand yeah there's no reason it can't grow to a you know hundred thousand yeah it broke that trend line so now people are expecting it so we'll see oh you're buying a hundred i'm stuck running every day every single day yeah you buying coinbase oh coinbase yeah no i so i just transferred another 50k to my robin hood so i have like 70 grand tomorrow to play with and i was thinking if we if we open at a reasonable range maybe put in like 10k per hour just to see kind of dollar more average into it that way that's it dude that's an interesting strategy 10k an hour wow yeah just to see what it does but i'm not 100 committed i just want to see what we open with if we open at like 500 i'll be a lot more reserved i don't know okay so over 500 is probably you're not you're not in arrested over five not necessarily not interested i would just have to look into it more i don't know i don't know i'm a little bit more conservative after 500. um but i don't know coinbase is so tied like if coinbase is a proxy etf for all the crypto world in the etf of coinbase 70 or 80 of its etf would be comprised of bitcoin so if we get a bitcoin crash coinbase is going to collapse i mean it'll be fine but it's going to crash like crazy so it's going to follow bitcoin which stands to reason that this year it's going to go it could be a thousand dollar stock by the end of this year kevin and kevin you're only buying if it's under i haven't got to see your video but you're only buying if it's under 400 is am i correct or are you are you a little bit uh different as far as price points go little ranges so it's kind of like load the boat under four you know up to maybe four percent a portfolio five five max i don't even know if i want to put in that much uh and then like taper it down so you know maybe like up to three percent 450 maybe uh you know cap out like one percent at 500 but if if it goes ridiculous and it's like five six seven eight hundred it's just gonna increasingly just turn into lulls what time do you know what time it's gonna start trading are we doing usually it's between 11 and 12 eastern so that's good that's good news i don't have to wake up it's like in the morning to try to time this thing no no no they try to go the most popular time that you know they i feel like they want as many people watching this as possible so so they'll watch they'll watch the price action too uh and then they'll let us know hey this is what what range it looks like it's going to open up for and then they'll just wait even longer to see if it gets bit up even more it's it's all a psych game man yeah everybody's like it reminds me it's like the youtube algorithm you know so what's up how do you how do you best buy in because i don't buy in ipo stocks different no but really what's the best way to go about this because i feel like if you put in a limit order maybe maybe it's it's not going to go through as if you did a market order but maybe the market order gets priced in like 600 or something crazy how do you i feel like all the people putting in the limit orders are literally the ones helping them figure out how to best manipulate us because we're giving them free data yeah so how did you do this would you just straight up just wait for it to open and then just sit there and buy markets i would go in with my a pricing strategy and if if the price was within my ranges then i would buy based on an allocation that i came up with beforehand to try to you know time it perfectly on an ipo day i think it's a disaster i think there's a really good chance it's going to be above my ranges anyway and i'm just going to be lulls watching this thing uh and if it's not hey then then great we get to go buy a little bit of it but uh yeah there is um i mean look uh peloton uh not peloton uh lemonade i was really excited i bought peloton on on ipo day i bought it for like 55 bucks went to like 94 dollars then went to like 49 and then i'm like oh i should have waited but you know now it's not like 90 or whatever right and it's gone as high as like 180. uh then you have airbnb never went back to its ipo price you look at c3ai that thing is way below its ipo price a firm way below its ipo price so you know what's hit or miss graham yeah it sounds like you might be interested in buying and loading the boat on this baby you gonna be loading the boat tomorrow what's going on listen i like i honestly i like coinbase i've been using them i like coinbase pro i think it's as far as a platform right now that's that's easy to use for beginners without like insane fees i think coinbase pro i use them a lot and uh i'm a fan of the company okay for that reason i'm out i like robin hood jeremy you can't you can't keep holding out come on you're the only one that anything i gotta hold that dude i can't ruin a video i just spend all afternoon recording man just ruined a video i spent all afternoon recording i don't think it would ruin the video for the reason that people would want to hear your reasoning behind this so even if you say it's like you know at 350 let's just say people would want to know why 350 and how would that differ from other people's opinions yeah that's what i think uh under 400 is what's really really interesting to me so um and then ah man i don't know if i could go over 500 but the thing is also i also think about i'm like what what do you think is going to go up more over the next 10 years voyager stock or coinbase stock let's say voyagers at 400 tomorrow in in you know excuse me uh not voyager coinbase is at 400 tomorrow and voyagers at whatever it's at now like 25 which stock has more potential upside the next several years like like you know that's kind of also what i'm thinking about and i'm like are we just getting into the hype around coinbase because that's the new exciting stock but you know obviously a smaller company can can likely grow at a faster clip than maybe something like a coin base so i don't know if any of you guys have done that much research on on voyager yet but i'm just like that seems like a lot more upside maybe more risk but it seems like a lot more upside i'll be honest coinbase has a great ticker symbol though and i remember a study a while ago yeah yeah easy to remember ticker symbols tend to do better and there was a whole study on this and if you had just invested in easy to remember ticker symbols you would be beating the s p 500 i mean who knows that's going to continue but i know i love i love when you hit us with that in-depth stock research there graham yes but look at cake like cheesecake factory cake everyone likes investing in cake it's cake coin it's easy yeah cake coin oh boy actually you know what the black swan event to that whole market would be for me defy what if we would d5 what if we get decentralized finance and that takes off what if we get decentralized platforms in the crypto world and they they stop charging fees they start working people love them does does companies like do companies like coinbase lose market share to those dude i spent all weekend with a guy that talked my head off about how i need to build we we need to build or he needs to build a decentralized uh basically crypto exchange for for me and he's like talking my head off for the whole weekend and i'm just like i can't even wrap my head around it man i'm just like this too much man too much what do you think andre you really think this is like that big of potential like decentralized flat it's already it's already a thing it's not like a concept people are already doing it the only problem is it's just such a high barrier of entry because it's more technical and coinbase is just so simple so i don't know if that does happen that's going to be so long from now so i guess it's not a huge worry but that's just some of the things also i think a lot of folks feel more comfortable and i know this is weird for the crypto folks to think about but a lot of regular people feel more comfortable with an actual brokerage i feel like bank account you know going through you know robin hood or fidelity or whatever to actually make their make their trades so uh yeah that's true yeah but the the die hard crypto folks hear that and they're like what no that's the whole point we're not supposed to have the the big guys be in control of us man yeah until somebody gets scammed and then it's like why aren't they helping me why is your knowing to call so i don't know it's it's all fun and games until somebody loses money that's what i think that that's dude that's actually something i spend time thinking about is like the crypto market in general because if more and more folks get invested in this right and you know it just keeps you know growing and growing right there's no one there to save the day if the market crashes right there's no one there to save the day in stocks there's people the fed's there to save the day no one's because cryptos are still the wild wild west man if if the market just i don't know how to bank run type situation there's nobody there to save the day and that that's the one thing that does kind of scare me about the brokerages and just cryptos in general yeah the the cynic in me wants to say that that's kind of what some people want to have happen that's why we don't have proper regulation yet like there should be no reason why the boomers haven't caught up and actually made some proper regulation they're just like i'll let these kids play with the matches and once they get burned then we'll see what happens i don't know wow that's terrible you're jaded but hey i mean you know the thing is it's usually the new regulations come out after somebody does get hurt because i think then you're kind of right it's like it's easy for the adult to come in and go okay kids see this is why you need the adult in the room the problem with that theory though is that something has happened in this crypto world so many times for the last decade nope we've we've had theft we've had collapses we've had so many stupid things happen and we still don't have any proper regulation like what do you think no in crypto oh which crypto everywhere yeah like yeah what is it gonna take i don't know i think it's gonna take the masses to really get hit in a major way you know similar to like what happened with the housing crisis and uh you know the banking collapse it affected so many folks and now so many folks are starting to get you know you see the coinbase numbers i think they had what 43 million users or whatever that continues to grow um so i feel like if these numbers continue to grow and more and more people get in and then you have a crash i think that's a scenario where also government i almost don't think they they care very much about like the average person like so what if like you know susie over here loses her 10 000 it's institutional money i think when institutions start getting hurt that's when they'll step in but until then really prior to like the last i don't know year maybe year and a half two years there really hasn't been much institutional money in 2017 a lot of people who lost money i mean i could be totally wrong here it seemed like the more of like the mom and pop investors who kind of bought in sold i don't know andre what do you think i got it it's gonna take a sigma event [Laughter] sorry robin hood reference yeah that was funny i got i got the uh the stat so this is uh from from coinbase trading volume and crypto asset volatility so the uh light blue right here is retail and the dark blue is institutional so you can see here back in quarter 118 it was still pretty small you know was that less that's like a quarter a quarter institutional uh and then it was closer to what maybe 25 or a third this looks more like a third and then we got pretty much in the end of 2018 we got much closer to 50 50. and then we've really been 50 50. uh up until now uh in q3 of 2020 and q4 2020 the last two quarters actually the last no all of 2020 oh wow actually even more yeah look at this 19. and since the end of 2019 institutional investors have actually outpaced there uh since quarter two of 2019 institutional investors have outpaced retail investors in uh trading volume now that's trading volume so maybe not hodling but it's trading i'm just trying to i need to when jamie dimon called bitcoin stupid oh that was 2007. never mind i thought also i just want to throw this out there jeremy if you had bought bitcoin back when this first episode ever aired on millennial money you be up right now i just did the math 23 percent 23 dude that sounds so lame dude three times over on tattooed chef [Laughter] don't don't go there kevin don't go there don't go there no listen hey in kryptos 23 sounds lame man i was just reading bitcoins up 800 percent in the past year ethereum's up 1300 percent here's a question for you guys uh specifically probably andre you know because i think you're the most crypto of us so ethereum's outperformed bitcoin over the past year do you think ethereum continues to outperform bitcoin moving forward yes i do i think well i just actually saw a study in the last five years if you had invested a thousand dollars in bitcoin you would have ended up with like in the mid 100 000 range and if you invested the same amount of ethereum it would have been a quarter of a million so it's so ethereum has more upside potential so maybe there is something to the argument with you saying about voyager versus you know coinbase because it's always the underdog with a smaller market cap that has more room to grow which makes sense so yeah yeah i think it's a market by market um you know opportunity because i like for instance i've always felt like you know like if we were to compare social media stocks i always like like you know let's say the big dog facebook first is actually like a twitter or snapchat because that industry i think you just do better with scale and like without you know one trick pony so but yeah in this situation i definitely agree it's just nuts how much profitability there is in the space like coinbase i think it was what was it 730 mil to 800 mil net income on 1.8 billion revenue the amount of companies that have that percentage of their revenue hitting the bottom line is super small yeah so here's here's my the thing something i'm struggling with every day um seeing that bitcoins kind of just has a annualized return of 200 over the last 10 years yup and it's hard to put my money anywhere else other than like when you know it's gonna sure one year i could lose 50 but over the long term it's averaging 200 which is nuts like no other stock no other company you can put money into is going to do that for you and i don't know man that makes it more risky to me the more it goes up the more it comes down that's true but that's true but like even kevin i made a video about this where it's like some of the wealthiest people i've met and kevin's one of them they've made outsized bets and that's how they made a lot of their wealth where they have one conviction one belief and they've made an incredible amount of money and like to me i get bitcoin and and jeremy understood tesla and uh i'm sorry kevin understood tesla and you know he stuck with it you had it right the first time andre you're right you were the og but here's the thing with those big bets how many how much of that i'm playing devil's advocate how much of that is a confirmation bias how many people take big bets like that and it's just it crashes 90 and how many people took a big bet on other things it just didn't pan out like you know enron bitconnect and there's a whole bunch of other weird little things that we could pinpoint here uh sure yeah i'm just talking about winners i do agree with you i do agree with you i think for most people they should just stick to broad market index funds but when it comes to just making actual wealth i've almost never met people who got that wealth being diversified they've almost always made outsized bets into one or two beliefs that they've had so i mean that's true with this group too graham to get back to your your your question and your point you made a few minutes ago about when does the government get involved and i'd love to hear your opinion on this kevin too but i i feel like um government's going to get more involved in crypto is if it ever actually affected the underlying economy because enough people were involved where it actually hurt people's wealth so bad um and it threw the financial markets off so much that it actually affected the economy i feel like that would be the moment that the government would get more involved and be like okay it's time for us to take over this and put in all these regulations uh what do you think kevin about that dude you know it's one of the crazy things is i almost wonder if uh people are so worried about inflation that they're taking their money and putting it into bitcoin to prevent inflation by putting their money into bitcoin they're taking it out of circulation and actually preventing inflation if the market cap of bitcoin is so small i just feel like to jeremy's point uh or going against jeremy's point bitcoin would have to reach trillions of dollars before it even had any significant impact on the economy but it's everything what what's the total market cap of all cryptos it's like i'd be like two or three trillion now right i mean that's almost like absorbing a whole stimulus package right the whole uh the whole 1.9 trillion or whatever and i'm not saying it's all there but it's it's it's everything right it's it's money going into housing it's money going into stocks it's money going into crypto so in some way it's almost like uh money going to nfts it's almost like all of these new inventions of things that we can invest in and speculate on uh is is a way of of allowing us to have more wealth while not experiencing inflation it's it's the most bizarre thing like the inflation ratings today weren't that bad it could have been way worse yeah kevin but what do you think too about the people buying cryptocurrency is a hedge against inflation what if it turns out that inflation never comes and they they bought all of this bitcoin with the intention of odd places could be five six percent and then it's two yeah what do you think do you think they're ever going to get frustrated or they think oh it's there's always going to be inflation just looming it hasn't come out any day now yeah it's a it's a big concern of mine as well uh that uh you know i ran a poll on twitter and and i realized this is just the retail folks i doubt i have many hedge funds and institutions voting on my twitter polls but you know of the retail folks who answered my twitter poll it was like 48 of people invest in crypto as an inflation hedge and so yeah it begs the question what happens if inflation goes away the fed was right there's no inflation they raise rates to you know 75 basis points or whatever then we call it a day and and then we have you know 1.8 1.9 percent inflation rates are 0.75 whatever things are good again you know if that happens does does all of a sudden bitcoin become less desirable i think bitcoin becomes less desirable if that happens combined with uh the opposite of what andre is saying has happened or happens and that is instead of seeing these 200 percent returns all of a sudden we get the stagnation and price or decline in price over and over and over again and it just feels like that dog stock that just won't take off uh and then then i think yeah slowly people could lose faith and circulate out i feel like i feel like we have a small chance i would feel like we fundamentally disagree on on inflation though like what it is that's that's the argument is i feel like it already has happened and it's already happening it may not be in the cpi but it's in you know everything else it's in asset prices it's in basic materials it's in all the other things so i don't know i feel like bitcoin going up in value is a result of that happening already so uh maybe to say you know doesn't make any sense because to me it already has happened ah well i mean it depends what you're looking at and so inflation is like the most complicated beast ever right so so what are we looking at if we're are we looking at used cars are we looking at clothing are we looking at housing we fundamentally disagree what comprises inflation and sure yeah yeah because i mean definitely i mean look and even even though i say there might not be inflation i want to be very clear about that because i think that can get very confusing as well i think there's going to be a good chunk of inflation and already we've already been seeing this inflation data over the past two or three months as well as the next three to four months my expectation is that we kind of go through this curve where it goes up uh and then it comes back down i think most folks who think inflation is going to be persistent here to stay think it's going to go up and the genie's out of bottle and it's going to keep going and going and going and there's nothing the fed's going to be able to do about it until we get rates at 10 and the market crashes everything resets great reset you know back to zero or whatever uh it and so my belief is yeah there's definitely going to be i mean you look at even even like container prices companies are are locking in container prices at at twice the price on a 12-year contra or 12-month contract that they would usually uh that's a form of inflation and that that either gets absorbed by the company in lower margin or they pass it on to the consumer which lately most companies are reluctant to pass along to the consumer so yeah i mean that kind of stuff has already happened i think the big thing for me is what's going to happen going forward that's what i want to know i want to know in september in october are we gonna be having this millennial money discussion going oh damn we're at four or five percent inflation now like s-h-a-t you know has hit the fan this is really bad like now we gotta start thinking about some stocks or whatever right are we going to be having that kind of conversation or are we going to go wow what a crazy ride it was the last six months that was a lot of inflation good thing that's over i think to have that conversation we have to sorry graham to set some variables as far as what we can look at to judge that inflation because if we're looking at reports and we're looking at cpi's then very well you'd probably be right because they're consistently telling us it's below what it's like point two percent or something you don't believe them if well it's not about beliefs it's about like are we why are we using that metric why are we not using everything else so let's set some benchmarks for ourselves not will being told so maybe we could uh put it like lumber prices and and whatever it is that we could look at yeah and and compare from now until year from now and then see what it is but yeah i can tell you what i thought was interesting anecdotally it ties into this in terms of supply chain issues recently i've been looking at the price of coral it sounds weird but i'm looking at the price of coral for aquariums and over the last years so a lot of the shipping has been discontinued meaning the price of existing coral out there tripled in price overnight it tripled well guess what people were paying that price because they stopped shipping it makes sense now they've started shipping again guess what's going on with pricing they all of a sudden realize wait a second people are willing to pay this price there's not a supply issue anymore but graham is supplying demand people are paying the price and now that's become the new base even though there's not a supply issue anymore we could very well see that in a lot of different things people realize like wait a second i could get fifteen hundred dollars more for refrigerators now right and that that's the new baseline it's not just true for coral it's i mean i'm shopping around for a refrigerator right now it's insane like it's triple the price of everything yeah yeah i still have not got my refrigerator i don't have refrigerator it's just it my point is yes if we look at what the fed is telling us you're right but if we're looking at other data that that i don't know how you can ignore like other material goods and prices of those we've already seen that inflation across the board yeah i think the the thing is i i'm not looking at lumber to say that i'm ignoring it i'm looking at lumber going of course lumber prices are going up housing is so desirable to build right now you contractors can profitably remodel reconstruct or build or add on to the point where they can increase their contract prices and that's that's a form of inflation it's because there's a lack of housing but that doesn't mean see i think the big difference is is that going to continue forever is that going to continue for the next year or is it going to continue for the next five years three years five years 10 years and that's where i believe yes in the short term absolutely it's here we've got inflation we've got these massive prices is that going to persist year after year that's where where my belief is no that i believe it's going to come back down for example the the choral thing i i personally fundamentally disagree with with what you said graham and it's not because it's a bad argument it's a good argument you're right like of course you bring your supply to market the higher prices people buy it because they've been queues and people have been waiting for it but what happens over time uh in in whether it's coral or lumber is over time more companies enter the market because the profit margin has gotten so fat anytime there's a fat profit margin competition comes in it's the same thing with coinbase people now see coinbase's financials come on man everybody wants to get in this coinbase game that transaction revenue is going to evaporate from coinbase it's the same thing that would happen if coral was super profitable or lumber was super profitable money money talks and and that's how people start businesses and then that drives prices back down but that does take time people have to be able to hire workers and then actually farm the lumber so it does take time to come back are you confident and that that's gonna what's gonna happen because for example if we know bitcoin increased in price so much they would remember that race the ico game where everybody was making their own coin well bitcoin was still at the top right so like even though we got competition in the crypto space it's it's still i don't know the whole crypto space is is very complicating though because now you're talking about people who are just getting started with crypto they can warm up to the idea of bitcoin they can warm up to the idea of ethereum you start talking about these altcoins to people who are who are crypto newbies which i still consider myself a crypto newbie i i'd shut down like i don't i don't care about all these other coins i don't want to hear about it it it's it's just where it's just like la la la la la la la would you care the same way if you fully believed in coinbase you did a ton of research are you really going to do the same amount of research and be the same have the same openness to discovering all the other potential competitors if you're already baked into a particular business model oh no well not necessarily if we're talking about commodities it's very different like we're talking about you know uh a uh doug fur two by four by eight uh i don't give a crap whether it's store a b or zed it makes no difference to me it's the same stick and i just want to build my house pass inspection and be done uh so you know it's not going to make a difference to me i'm going to get the cheapest price i win sorry when it comes to complicated things like coinbase bitcoin if i'm a 60 year old boomer and it took me months to figure out this coinbase thing am i really going to try to research for for uh you know uh of 10 less fees do i really want to take that time to go somewhere else or am i really happy with where i'm at because i've already learned it yeah i don't know if someone like schwab if if a big brokerage offers bitcoin you type in btc and just trade it that would be the end of i think a lot of these brokerages yeah yeah i i do think that as as much as it seems like there's a convenience to just staying at coinbase because the fee is low look i i get pissed off when i go on block five and i want to buy you know one bitcoin let's say and it's pricing at 60 600 and i go on robinhood or coinbase uh and robin hood it's at 60 000 and on coinbase it's at i don't know 60 000 plus a 80 fee or whatever right like i get pissed off at the thought of buying it at fire or gemini or any or even voyager the companies with the big spread that pisses me off as as a consumer uh maybe maybe i'm stuck in the ways and initially i don't know but that as soon as that day comes somebody comes over my house for beers and they're like dude you know you know you're paying a big spread i'd be like what really i look at that i'd be like get me out of here you know like i'm at the cheaper price right oh that's fair oh by the way block fight to your point i i don't think i would ever recommend anybody to buy bitcoin on block flight i think they have a pretty hefty premium transfer in yeah yeah uh fair fair now hey okay okay what would you guys do uh you got you got to put all your money every dollar you have your name in tesla or bitcoin and you can't sell out until 2030. what do you do bitcoin bitcoin okay uh on tesla and now i'm sure kevin you're you're tesla right tesla yeah of my money every dollar i would go with tesla i just wouldn't want the risk i think we're going to see the greatest transfer of wealth in the next 10 years just like every generation seen before and i think bitcoin's going to be that next one we've already kind of seen that though not many things close to illness was a huge transfer of wealth no no wait in the i would say it was pretty significant it was if yeah but but here's the thing but institutional but like wealthy people are already buying bitcoin i don't i think if there was a transfer of wealth it would have happened between the price of bitcoin being a dollar and 63. bitcoin is at a trillion dollar market cap that's a tenth of what gold is like we haven't even reached charity with gold yet but but who has the money to buy in bitcoin right now it's people with disposable income so i feel like the people have been saying that since 10k people have been saying that about bitcoin since 10k like who has the money to buy a single bitcoin at 10 000. oh my god right but if but for a wealth transfer i feel like that would have been for people to buy into the dollar and here it is today or even a thousand dollars and here it is you know 63 times more i would argue that uh what we've seen over the last year was a greater wealth transfer than what we will see with cryptocurrency because i feel right now the knowledge is out there and people would be buying it especially if they have disposable income we'll see give us 10 years and we'll come back revisit all right reminds me yeah andre like you know if we think about bitcoin like most people just buy bitcoin nowadays at least the high high majority because they think it's going up and they say it's a store of value okay but does bitcoin ever become more than a story of i think it's going to go up so let me put some money in and it's a store of value does it ever become something more than that or is that just going to be the story for the next 10 years i don't know how to answer that because that could be saying the same thing could be said for the stock market why do people buy stocks because they want to sell it back for later for more like yeah that's just how it works that's how we human beings into function when we invest we want to turn one dollar into two yeah but i i understand that point but at the same time if let's say we're talking about tesla stock we're like well because they're going to produce this many cars the company's going to do this much they'll be able to throw off this much net income they'll be able to grow into this space they're already models that's that's not any that's a prediction model though well you can also look at what's going on in the real world today you could be like well the teslas are on the road so i'm just saying like i don't think i mean i would say probably less than one percent of people are buying bitcoin today based upon like what's going on in the real world when it comes to bitcoin uh do you just agree well well here here's a good i guess use case scenario for it that i i don't think people in the first world think about much because um to me uh bitcoin is is the best instrument to bring third world countries into an economic relevance so like if you live in a country where your savings rate is eroded by a corrupt government who keeps printing money then by buying bitcoin and holding your wealth in it that allows you to be at least insulated from corrupt countries like that so as a use case for those people it's very much more so than just a speculative bet of like well in 10 years someone else could buy it more than whatever but like what's to stop those countries from banning it you know what happens when that happens you run the greatest marketing campaign that's what encourages people to buy more literally look at any other study that's banned it they people bought more bitcoin when they when those governments banned them hey andre andre let me just make sure you said this right you said um a a corrupt country that keeps printing money first off don't talk about my country like that man don't talk about your own power like that let's not upset kevin okay here's the thing andre if you know we go back to the 2017 argument the 2017 argument for bitcoin back then was we're gonna all be using it for transactions transactions transactions this is the future of finance i'm just i'm just trying to see does does that play out still or is this still like a very far-fetched thing that's okay that's a good question so bitcoin's narrative i suppose transformed from from a currency to a store of wealth i don't remember what years probably 2015 or something um where we realized that to interact with it as a currency was just gonna be too expensive because the fees got so expensive um and so like why would i send you a dollar if it cost me three dollars to send it in transaction fees that doesn't make any sense and so people started hoarding it because now it's become like the digital gold 2.0 but within their i guess their scope of what they want to do with it in the future is they want to start transacting with with it in different layers like layer two so like lightning network there's other it's that's way too complicated i'm not the best person to explain it but it's like a different layer so you're using bitcoin as a settlement layer as a transaction layer is layer two so i guess the equivalent is like if gold is base layer one we created dollars pieces of paper because that was easier and cheaper to transact with than carrying around our gold so we printed these pieces of papers that represented that gold so same case scenario with bitcoin you can create a second layer where you have this currency let's just say bitcoin paper bitcoin cash whatever and you can transact with it and once you're done you close the channel and then you settle it on base layer one so that's how would you you would use it as a currency that would that would that'll be in the future yeah okay i got a quick question for you and then i got something for kevin so uh andre like do you feel comfortable if 50 of your net worth or more is just in bitcoin it's kind of already thirty percent okay you don't you don't mind taking it to fifty percent no i'm i'm so i don't care about the volatility like i i've been through so many times yeah okay and then kevin um you know obviously your your biggest investment i think by far if i'm recalling is tesla so i i saw a quote i don't know where i saw it but i don't know if this is accurate tell me this is accurate it was something like you said something like you're 50 tesla and you wonder why you're not 80 tesla is that is that accurate or is that just did you say that kevin oh yeah i actually did i i did say that um it's something that uh honestly when i when i do my evaluations on companies i just like compare uh different companies and yeah i mean there's so many wonderful wonderful companies out there like i love my etsy my apple my amazon you know whatever and much left to the other ones i didn't mention as well but there's just something about tesla having having its hand in every cookie jar that i care about uh and it's brilliant i mean even kevin o'leary said that tesla uh is is almost kind of like an index where you just get so much that you have so many different uh things that it touches it's in batteries it's in cars it's in uh it's in the energy market for for like home energy storage and that it's incredible and every time they make a decision uh like the the video i did on the vegas loop it just it blows me away that you know i feel like 99 of wall street looks at that that tesla loop in vegas and they're like oh cool okay yeah great the system for the the convention center oh awesome what they're missing is how this is totally a trojan horse to the legalization of autonomous driving throughout the entire country and it's these things that i think are just so brilliant so yeah i loved that video by the way uh it's kevin that you posted about that loop i hadn't seen it so you picked up a news piece that just for some reason why wasn't that on the front of cnbc or cnn i feel like they buried it for some reason i thought it was such an interesting video he tried to do that oddly enough in los angeles he wanted to go around the 405 freeway starting in culver city and los angeles was like now you can't do that in our city las vegas i'm so happy that this they said yes and i think it's going to be a fantastic use case it's proof that like this works and just imagine if they did a if they did a loop from la to las vegas because your car could be in a little tunnel like that and it gets charged along the way and all of a sudden you could get there driving 120 150 miles an hour safely with no traffic that would be tremendous i would be living in vegas no i might you literally get in your little pod your tesla pod you could watch tv i would pay i would pay by the minute i don't care just for the convenience of being able to sit back relax and not have to worry about that i love it yeah kevin do you have do you have any um because i personally don't have any sell price for tesla like um you know for the shares i have but i have a very small position compared to you your position is crazy big and so is there is there any price tesla could be at tomorrow that would make you say i'll sell this stock any price there really isn't because i i haven't even i feel like if i'm gonna sell i almost have to do like a sell analysis on a company because if if there's just a price swing in a stock it's it's easy to get emotional about a stock and sell uh but what i like to do is when i sell i like to do with cell analysis and go okay did my thesis change do i really feel that i have a better opportunity somewhere else with tesla i don't even think about thinking about that analysis like it it hasn't even unlocked and and it's not something i even remotely care about there there are plenty of other things i could think about before that even comes the forefront so now even if tesla were two thousand dollars tomorrow i'd be like well that sucks i can't buy anymore speaking of really quick i just want to mention dogecoin in 11 cents oh my god that is that big graham that's huge it was just that like it was just like six cents i feel like 24 hours ago so it basically doubled why did did somebody thank you on wow what what is the deal why do some people call it dogecoin and other people call it doggy coin that that i'm still trying to understand andre [Laughter] no i don't know why some people call it doggy coin it's supposed to be pronounced dogecoin i don't even know why it's dogecoin because i when i found it i was like yeah doggy coin that makes sense absolutely insane yeah that's crazy every everyone for some reason is just is just piling money into crypto right before the coinbase yeah should i sell all my crypto and just pay down margin you know what by the way uh i want to point this out this is a bit of a little conspiracy here but i noticed robin hood when you go to their little crypto portion they have ethereum family bitcoin family and then they have a little tab that says alt coins right now there's only two uh alt coins in that new tab on the update it makes me think that maybe they put that little alt coin tab there because they're planning to put more alt coins thanks kevin they're planning to put more in there and yeah makes me think that like you know whatever they put in there just just add uh 300 percent to it basically overnight oh a thousand percent yeah that's exactly what happens that's what that's what happened that's called the coin base effect but it's going to be called the robin hood effect soon yeah but yeah i know i noticed i noticed that in the update and immediately i'm like what else is going in there there's no way they're putting a tab there for two things that would be sure that would be stupid they're adding that's something exactly sorry back to what kevin said about just owning 100 and tesla it's it's kind of like what warren buffett said it's like your first best idea is never as good as your second so it's like once you really believe in that's one thing that's bs it's such it's a bs thing but it's but it's true and literally everybody in this room bs 100 bs 100 ps okay like i found way better stocks in recent years than i found in my first five years of investing right um i'm sure i'm gonna pro hopefully i find way better stocks in five years from now that i'm finding today because like every if i judge myself off a five-year basis i look back and i'm like five years ago i was a joke compared to what i am today five years before that i was a joke compared you know what i mean like and you should always be able to look back in life and be able to look at yourself us as youtubers we should be able to see a maturation process over two years and be like oh that thumbnail we were doing two years ago was so trash compared to today in that title right and um so i'm a hundred percent in disagreement unless it's maybe like a business you're starting i could understand maybe that is like okay it's your your best business but outside of that man investments no like if you if you found your first your best investment in your first few years like you you you deserve an l for that like you better come along with some better i don't know if i follow with that but okay i don't know if i followed logic i don't disagree with what you said i i don't follow how it connects with what i said well you're saying you're your first idea is your best idea or whatever like no no no no not not at all i said your first best idea is never as good as your second best idea oh okay i got what you're saying i thought you were saying like yeah okay no no no i'm not saying your first idea is the best idea then yeah your video feed keeps cutting out andre we gotta get you better man by the way really quick i just want to mention before we continue for the first time ever we have 10 000 live viewers so thank you guys so much for doing that really quick if you haven't already subscribed we gotta get to 100 000 subscribers so jeremy could actually finally buy two million dollars with the bitcoin if you subscribe she just keeps going up every episode every episode gets more so just subscribe it takes a quick second before you forget because otherwise it's like you're gonna go about your day you're gonna forget so just thank you just subscribe tap that little button thank you yeah the way we relate by the way is a month of kevin's income so every month it's gonna go up oh my goodness so let's go back to tesla here for a minute because it's interesting so there's obviously a lot of youtubers right that are extremely heavily invested in in tesla and i do wonder if it's people being lazy and not trying to find the next great stock or just really believing that much in tesla like i don't know i try i try to figure that out because i mean there's there's kevin you you know there's people that are are have big channels and whatnot and are 90 plus invest in tesla yeah just sometimes i do wonder like are these people being lazy and not trying to find the next stock or are they just that big of tesla fans um i don't know that's something that's something i think about sometimes i think the more you stick your head into tesla the the more you just get infatuated uh with everything that can be you know i mean people invest in these commercial ev companies because maybe ups is gonna buy some trucks from them and then you know people put put their savings into these companies uh when when you have that built-in tesla with the semi trucks people invest i mean then you look at in fairness you look at you look at insurance companies uh car insurance companies whether that's rude or whatever car insurance companies and it's like oh maybe i want to diversify invest in insurance tesla is that too that's not price dim oh i'm going to invest in a solar company esl's got that too oh i'm going to invest in quantum scape tesla's got that too like the fact is that the more you look at the success tesla has had and then how that could branch out to and likely lend success to the other products uh makes tesla so much of a safer bet than than speculating on something that maybe will have an okay battery wait wait okay truck wait i just gotta jump in here andre and see this is this is where i get into some trouble with tesla bulls and i start feeling like a tesla bear okay is when you start saying you know tesla's going to be great at this huge in this huge in that huge in this okay tesla's still got to be great and huge in the the first thing okay uh they're not even a mass vehicle producer so as somebody like myself that's invested in the company i say we still gotta we get still gotta do this first thing before we can start saying tesla's gonna also dominate semis and dominate insurance and dominate this and that we still got to dominate the first thing that which we haven't even dominated yet we're we're a niche we're a niche car company still in the world by far and away and so we're still getting smashed by everybody else hopefully that changes over the next many years but it's not changing this year and it's not changing next year it's just kind of slowly going that way and so that's that's where i'm like wait can we slow our roll a little bit before let's let tesla become dominant and then we can worry about the next thing they could become a beast at in the next thing yeah well i think you have to categorize them into the space they're playing in they are dominant in the ev space they are number one in china ev the largest ev market in the world uh and so then they they are also number one in autonomy and when you when when you take like you say what they are already number one in you go how hard is it really for tesla to go let's take the autonomy that we have now in the model x and put it in the semi it's give me nothing it's gonna be a cakewalk uh you know how hard is it for that battery technology that that they're putting into the new model s which jeremy i believe you've pre-ordered how hard is it going to be for that battery technology to go into all future of their vehicles and i mean nobody has even priced right now tesla is charging us insurance premiums based on what's competitive in the marketplace nobody even considers the fact that teslas are the safest vehicles on the road they'll be even safer with the structural batteries they'll handle even better and the autonomy it's a piece by piece as you go through it tesla becomes more and more desirable it's the same thing with the uh with the solar panels too uh you know whether that's the solar roof for the solar battery the power walls in competition to end phase i want to pull something up i just got an en phase battery end phase versus tesla and what blows my mind is the uh tesla versus the end phase batteries these guys here i mean i guess the picture doesn't matter so much but what blows my mind uh about uh really just tesla in general is tesla is selling their battery uh with a larger battery for less money uh than what end phase is selling theirs for and i have the end phase battery i love investing in enfase and so when i do a deep dive for example on end phase itself i go deep and i see oh my gosh their profit margin is insane it's through the roof on these batteries that comes to tesla whether in the form of competitiveness or a better product which they have a bigger better product i wish i had the tesla powerwall i got the end phase uh we'll see one day i'll add the tesla powerwall and i'll compare them side by side but every step of the way i uh you know i do my fundamental analysis my conviction just goes up in tesla yeah i i will say you know to push back a little bit i don't think you know because you you mentioned specifically about speculating in something else let's be quite honest even even with tesla we're speculating on a lot there's a lot of speculation it might be educated speculation but it's speculation nonetheless right oh we're gonna you know have a huge insurance business we're gonna have a huge semi business we're gonna be huge in energy we're going to be one of the biggest car makers in the world you know this is all speculation too it's educated speculation we're looking at yeah like but it's still it's still the same thing you know well i mean don't get me wrong every company that we invest in in in some form when we project we're speculating when kathy woods says that uh you know there are going to be 5 million autonomous vehicles on the road fully autonomous with full self-driving and 5 million robo taxis on the road by 2025 under a bull case scenario that is a form of speculation uh you get a lot of uh odds it to me it becomes a comparison game it becomes okay what are the odds of tesla success based on the success that they've already had compared to the success of uh you know what success is maybe lucid going to have i don't know i'd rather place much more money on tesla even though lucid could do an it could pull a neo it could pull a neo and return way more money than tesla does the safer bet is still tesla um even at this price andre andre yeah andre i know you've been waiting to jump in what do you got yeah i don't want to interrupt you but um how much is uh elon's i guess how much of a role does elon play because i know he's a very visionary guy he's obviously very intelligent but how like without elon would tesla still be as visionary would it still in the future play in the industries that today it promises and how much of the 4d 4d chess that that tesla plays today is responsible because of elon and if it wasn't if he wasn't around that effect anything yeah i'll say this i think tesla's at a much better place than they've ever been um but i will say elon musk was to pass away tomorrow tesla's down 20 percent in a day um if you know that was to happen and elon musk was just gone or if he just like left the company he's like no i'm no longer working for tesla the stock's down 20 if not more than that in a day um a lot of people are let's be quite honest invest in that stock because of elon musk and the belief that elon musk is you know one of the most special people in the world and he's going to continue to you know separate tesla over time but i will say they're at a much better place there's probably i mean times in the past like you know tesla was not even in a healthy enough place where they probably could have survived without elon because elon just if he wants a billion dollars snap his fingers and he's got a billion like people just begging to give their money to him right um and tesla needed that in the past they don't need that nowadays so you know i don't know if you have a perspective i agree with that i'm not even saying it from a financial perspective i'm talking about the stuff that kevin was talking about which is like this brilliant 4d chess that he plays and and is it his team or is it him doing that like as far as entering all these different industries and the strategies that he's doing with regulation and all these other things is that is that his doing is that his team like fulfill on that promise most of it's a team i'll be honest and i know a lot of people that work you know at pretty decent you know positions at tesla and man these people are are brilliant like they are you know some of the best of the best and i can tell you tesla works their people to the bone um you know from several people inside the company that i know everybody i've ever known that actually works at tesla says they're underpaid and they work to the bone and uh they're talking like you know the burnout is is quite substantial but they also have a huge belief that they're changing the world and that's what keeps them around so even though they feel they're underpaid and even though they feel like my gosh this is like more than i would work at probably any other company they feel like they're doing something good for the world and they are inspired by the mission of tesla and that's what honestly keeps a lot of these folks around but it's it's mostly yeah it's not like elon's like doing this stuff elon's just kind of big vision and everybody's executing well that's what i'm saying i i i know that they have a great workforce and that they're really passionate i'm just saying as far as a visionary he's such a visionary that like without such a visionary is there anyone else to replace that direction and direct that workforce the same way but couldn't you see the same thing about um yeah yeah right jobs i mean people felt the same way and i feel like the company is still evolved and uh adapted done really well yeah i guess i i don't i think it would be a lot farther ahead if he was still around but i don't think they've innovated anything quite quite as much as when he was you know here's an ipad here's this thing that you didn't know existed that now you need earpods right like yeah is that so revolutionary though i mean yeah oh man that's interesting yeah um apple man i will i was having a i don't know debate or talk with somebody recently about that and um how you know we were talking about like when do our smartphones get replaced because as of today like our smartphones are everything right and it's like how long does this last for i would say at least probably the next five years but at some point something's gonna come along that's gonna replace our smartphones and it's like who's the company to do that and i know facebook has 10 000 engineers working on augmented reality and virtual reality and i think you know facebook's in a really good position that if they wanted to disrupt the smartphone um they could potentially i feel like apple doesn't want to do it because their whole business is driven through the iphone right and so uh but steve the funny thing about this whole situation is steve jobs used to have a great saying he said if you don't disrupt your own business somebody else is going to come along and disrupt your business and now apple's in this position where they got they don't want to they don't want this to ever be disruptive right they want to just continue to make this a little bit better each year well that's what i'm saying when you lose visionaries you yeah the safe route right that's what i'm saying so with elon he is a visionary without him do this tesla go the safe route that's my whole point is is you know you lose you lose the steve jobs that's right that's i would be worried i'll be honest i don't know if if tesla has a number two visionary for the overall company um if they do i don't know who it is um you know their designer of the cars is amazing but do they have this that number two there that's a visionary not usually and the reason i think it is is because if you if you run a company you don't want two visionaries really there because you're gonna end up butting heads you want you want a bunch of it's like you know i i want people around me who are executors who can i can give them the vision and i'm like guys let's go do this and then this person does this and this person does that if you got it you know if you've got another visionary you're just going to butt heads and i think that's you know if tesla has that person i don't know who they are i don't think they really have a visionary they have a phenomenal designer on the team i can tell you that though fraud so that's yeah so yeah i guess the crux of my point is just saying a lot of what your money is invested into is elon the person as well because he is such a visionary and i i hope he stays around for as long as possible he's incredible in a lot of your investment andre is on hope i'm just kidding i'm just kidding okay no disrespect but seriously uh you gotta admit andre a lot of bitcoin investment is on hope do you disagree or do you agree hope uh what do you mean hope can you clarify well what does bitcoin actually do oh god oh geez now we're going down this do not devolve on me jeremy do not devote i'm just i'm just i'm just trolling man okay graham come on man tell me what bitcoin does tell me one thing it makes it makes money it makes me profits that's what it does i think that's one of the big biggest downsides right now of of bitcoin is that through this uh latest uh correction we've had in the stock market and and through this last year bitcoin's just consistently been hitting new highs new highs new highs and you might wonder why is that a problem it's a problem because the people who are investing in it i don't think are going to be a lot of the newer investors accustomed to a potential large pullback and i don't know what kind of margin there is outstanding what kind of lending there is outstanding so i do have some nervousness for a large pullback when that happens i'm with kevin i think there will be a pullback just like there always have been and there will always continue to be and we're going to crash upwards for i don't know how long that's just what it's always done and that's what it always will do but like to to the point we said before uh i don't know i just think we we all we all are to some degree and to different degrees obviously are speculators right right we're making research speculation but all of us at the end of the day are speculators and i think because largely because of our wealth and incomes we can make those very like one-sided bets because we can risk a lot of our money to to to do that because we'd be fine without that that's why i don't that's why i'm always afraid of like making my videos because people watching i don't necessarily want them to do the same things i'm doing i'm making those outside outsized risky bets because of my high income because of my higher net worth and if i'm wrong that's fine but with other people i don't i'm not i don't think i would recommend somebody with ten thousand dollars to go by bitcoin that's like that's not the point um so that's what i want to be clear on is all of us to some large degree are speculators in our own right like like for kevin to own so much in tesla goes against the basic theory and premise of basic investing which is to diversify but he was right and he's right he continues to be right and if he's wrong and which by the way i think all of us will be at some point we're not going to time everything i think long-term index funds broad market as index funds over 10 years are going to beat us yeah 100 believe that it's interesting though i will say you know all of us um you know are still far safer investors i feel than a lot of people i've been fortunate enough to know like you know kevin even being let's say i i don't know what your net worth is in tesla but let's say it's 25 or 35 or whatever right i mean other people are 100 in this stock and and then you got the next group which is call options 100 and you've got the next group that's margin and then andre you know you're a lot in bitcoin and ethereum right but there's other people playing altcoins that are like dude who cares about bitcoin i'm trying to make ten thousand percent so what's interesting is sometimes we even think of ourselves as a little more dangerous players but man when you get educated on the type of people that are out there you you realize oh my gosh we're so sick but those people don't have the influence that we do and that's what's kind of scary so so when we talk about we're like hey i have you know 10 million dollars in tesla somebody might be like holy crap i'm gonna put all of my money into it since this guy has so much money and i i think winners like like let's say kevin for example exist because in in some large part yes they're extremely intelligent but also because they're a mathematical uh inevitability like winners exist because they must like that's just a mathematical like guarantee some people that win all the time just have to exist and they win until they don't and when they don't they can lose big and so it's like yes in two or three years we can make outsized big bets in bitcoin or in tesla and be right a year or two or three but on the fourth year boom you're down 90 who knows why and then the index fund just crushed you in that long term so that's kind of yeah that's why i always like over 10 years yes we need a 10 to 20 year sample size yes really what we need besides one to five years yeah it is interesting though what jeremy says i mean none of us uh and i can't even think of people on youtube i mean maybe they're out there but uh it doesn't seem like there are a lot of uh content creators or at least larger content creators who are uh all in on yolo options you know and i'm not saying it's bad i'm just saying there's there's very little survivability in in the all-in okay we're going all in on the the friday tesla calls over here or the friday calls on that or the puts on this there's very little of that all in this even though we might have a high percentage of uh things in in some concentrated assets like sure yeah 50 of my stock portfolio might be in tesla but it grew into that it didn't start as 50 tesla on top of that i've also got the big the real estate portfolio so you know there's there's more diversity i think all of us to jeremy's point play investing a lot more with a long-term mindset and a lot more risk-averse than then i think sometimes what you see on like wall street bets like why why isn't why aren't the top 10 people on wall street bets making youtube content every day about all their strategies i don't know maybe because it's you're here today gone tomorrow i don't know i'm not trying to slam anyone i'm just i'm legitimately would want to know that person and see them on youtube and follow them you know so i don't know i think that's 100 true and i think index funds like i said broad market index funds have a much longer livability period than and and we fall somewhere in the middle but towards the safer side like kevin said yeah and graham you i feel like you're the you're the safest of us all man what's preventing you from from just getting heavier on some of these some of these things um what what what like what in your mind makes you want to play so safe because i feel like you're by far the safest of the three of us because i don't want to take the risk i think you know for me it's it's it gives me so much peace of mind never to have to worry that my portfolio is going to be down 20 tomorrow um and and i like having that foundation where i just sleep well at night i like seeing that like little slow growth i love just being like okay if i get five percent return a year i'm set like that's all i really need at this point and and you know for me to take more of a risk for what i mean you know sure i mean yes i'll have more money but at this point it's like you know i got my aquarium now this is like i've said that's an aquarium so it's like i i i'm honestly i'm going at my portfolio just assuming hey you know what long term i might make four to five percent a year uh you know adjusted for inflation i would be ecstatic about that i would take that peace of mind peace of mind i sleep well at night you're going the the rich grandma route which nothing i respect i'm happy with i'm happy with the rich grandma uh because i honestly like even if my portfolio doubled tomorrow it wouldn't fundamentally change anything um and there's there's nothing anymore that the aquarium was the last thing on my bucket list where it's like you know that that was my that was my thing besides that maybe at some point nice travel you know maybe i'd like to experience that like you know stay at some nicer instead of a best western i stay at like a nicer airbnb i don't know a holiday a holiday there we go yeah and maybe i upgrade for like you know the the room with with light in it you know the room with the window i upgrade to that so i mean that's that's the only thing is them so you know i'd rather just slow and steady and not actually you know what i discovered recently on youtube there there's a whole genre of people and this is something i feel like is on my bucket list as of people who live off a sailboat like they just travel around the world and and they just just i think say something yeah yeah i would i would love to try that for like just for me like the first few months yeah yeah it's ramsay doesn't like water though ramsay's the cat so ramsay doesn't like water and bailey likes to jump in the pool so that could be a dangerous combination between them hey is there a pool program or what's going on with that yeah it's completely uh it's completely filled the gas company is coming on uh early may to turn on the gas right now the pool is about 68 degrees and uh it's pretty much all completely done by the way the channel is called sailing with the winds like w-y-n-n-s like you get a kick out of it it's just a couple who travel on a on a catamaran and they just yeah it's amazing yeah dude i i know a guy that did that and that was the first it was a couple of years ago because i had it was like a friend of a friend and i was like what they're gonna just go on a boat for like a year and i'm like and he's like yeah catamaran it's like they bought it cash like two million dollars or whatever and i was like what and i'm like what does this thing look like you showed me pictures and everything and i was just like way outside the way outside my concept it's so cool they get to travel the world and just i want to do that that in van life for like yeah just travel and i think just vlog the entire thing and yeah yeah just a memory book of of cool places to travel i want to visit all 50 states at some point by the way did you guys catch the new uh accessory that the cyber truck uh that somebody created it's called the cyber lander you should you should look that up right now cyber lander it's insane it looks so cool it attaches to the back of the truck and it basically becomes kind of like a tiny home oh i love that can you can you throw it up on the screen kevin yeah it's called cyberlander cybertron yeah you're giving kevin ideas now now the valuation of tesla just went up another 100 100 million bucks basically kevin's new price starts like okay the more he looks into it he's just a whale by himself wow look at that what's up i love that this is so neat look at that that's great the united floors huge thing yeah for a waste of energy you did for us no no it comes with its own uh it it decreases the range five percent only so that sounds good yeah hey how how could somebody do the math on that decreases the range only five percent the truck's not even out yet come on man no the specs are out though oh people are just guessing um it's so cool like look into it i i may or may not have put a deposit down it's like a cool like cyber lander yeah school project it like turns into a bed there's a tv starlink yeah they're taking hundred dollar deposits it is 100 deposits but you could put down more and you would get up to 10 or 20 discount wait where where is oh and github no no cyberlander they have their own website what hey they're not paying us for this man we shouldn't be giving them all right let's stop they're not they're not affiliate link now yeah we got eleven thousand people watching all right yeah man come on guys okay so one more question one last thing before we um get into the q a i got for you guys um kevin uh i heard you were being sponsored by the meat industry i'm just kidding i'm just kidding i'm just kidding um somebody said that comment the other day like kevin he's being funded by the meat industries hating on plant-based stocks it's just stupid kevin hey so uh what what did you guys buy this past week any stocks cryptos anything you guys bought this past week before we go into q and a uh more bitcoin for me and then i loaded up 70 grand for the coinbase thing tomorrow okay graham uh i'm looking i bottle this this is turning out to be a pretty bad investment i i bought the dip on fisker a little bit so now i'm like why about like five well five grand i bought five grand more so now i think my total fisker position is like 36 37 in fisker uh and then i bought more uh s p 500 that was really it nothing else was substantial what about you kevin yeah the only thing i really added was a matterport i added some of that because that that's been caught up in the spac wreck uh back spack spanking anyway so i bought more matterport ticker ghvi but uh i did also sell on friday like 1.2 million dollars worth of stuff just cleaned up my portfolio and dumped it all a lot of it into tesla like 400 grand went into tesla at like 670. uh and so and then the rest got kind of sprinkled out a little bit but yeah i i found out uh because i was talking to my jp morgan dude i'm like come on man like i got i got all this money in in smaller positions i want to clean this up and i'm like oh i don't know if you could do it the guy apparently didn't know he put me in touch with somebody he's like oh just send me a spreadsheet of exactly what you want to sell what you want to buy and i sent him it he called me while i was on a live stream uh i think it was one of the private live streams but anyway i answered the phone or i think i called him but what it doesn't matter and i'm like i just i gave him verbal authorization and he emails me back a couple hours later he's like oh yeah cool we've traded all those stocks for you you know no commission or whatever at least i didn't think so and uh yeah that was done so now now my portfolio is really nicely kind of concentrated the way i want you know there are a couple other things i might sell uh in the next few weeks uh and then i'll just dump them into some higher conviction things who knows depending on the pricing maybe that'll even be tomorrow when coinbase happens i don't know we'll see hey let me just say one thing before we do q a i'm so happy you're out of tattoo chef now kevin because now we don't have to fight about it anymore now that you're out the fight's over man we can finally move on just don't buy it back just don't bother okay deal [Laughter] imagine what if kevin starts shorting tattooed chef oh please no 10 years it'll probably be at least 24 or so [Laughter] oh god let's go to q a oh gosh yeah i don't know if you want to put them up for us kevin here a little yeah that's my my cue right yeah okay who's got questions dude we'll do about 10 15 minutes of q a here and then we'll wrap up oh yeah guys only the best of the best uh where's the jeremy we got uh chef kenny's last night i don't know what that means oh nice they deserve a shot yeah chef kenny's by the way las vegas it's vegan food believe it or not you can't tell it's vegan so we surprised jack and alex we got it actually on video we gave them the food and then we had them eat it and then as we were eating it i got off the camera and we're like what do you think of the food and they're like it's really good i'm like do you know what you're eating and literally jack just gets up and like is about to throw up so what did you put in the food what are you putting the food it's vegan you can't eat it have you been to chef kenny's yet i haven't is it good hey don't go we'll all go together one night please don't go by yourself it's amazing but i want to explain what's this what i don't know oh i haven't heard of this yeah there's there's a new uh there's a new shark tank um that's basically coming out i forget oh oh is that steve want i think it's steve wozniak is in it oh cool why why are we having our own shark tank show we should have we should have a spin-off we should i would love to i wanna yeah it's called uh why what can i say i think it's steve yeah it's called unicorn hunters oh unicorn hunters is the new is the new show but i feel like you should yeah but you can't replicate shark tank i feel like you know anytime you have a spin-off show it's never as good as the original it's got to be i feel like a new concept something a new streaming tv series called unicorn hunters will spotlight up and coming growth companies looking to hit one billion dollar unicorn valuations the series which has been described as a as a shark tank like show by its creators and will air on a number of streaming services allows a group of investors to put money up for pre-ipo companies those investors include steve wozniak and someone else okay so allows a group of investors so the viewers so who gets to put the money up i don't know that i was confused on that to me it the headline made it sound like people can invest if you could watch this and be able to like invest with them how they would do that oh yeah yeah yeah here in an email to marketwatch so and so said audience investments will be handled through a finra licensed broker and basically they're going to crowdfund so who knows maybe they'll have like an app that goes along with this or whatever where like you watch the show it and then you invest in you know one thing i i think about private equity is i think uh uh you know there's i think there's a reason most private equity is is reserved for accredited investors and i don't think it's because accredited investors are smarter than non-accredited investors i think it's when they lose their pants they don't know all right like non-accredited investors do well i gotta say now it seems like companies are less worried about money and more uh concerned about getting strategic partners in their in in the as an investor so it because there's there's no shortage of money and i feel like a lot of these companies out there can have access to money if they need it but they just want strategic partners i don't but you know maybe for these might be different oh yeah we gotta we got a good question here grant keller says how much cash should be based on a percentage of your net worth so i always say 10 to 30 but uh what do you guys think um when i when i was working a normal job like i was running 50k a year i had 95 invested and i only had five percent i only had like 10 grand maybe 15 grand tops in the bank now i have like 30 percent yeah i don't know i feel like generally for most people six to six months to 12 months worth of expenses is really yeah as much cash as you really need i'm i'm probably too heavy in cash um i don't know but what are you at right now maybe 20 15 20 cash yeah but you know again it's it's just it's a it's a peace of mind thing for me it's one thing to have the peace of mind but you gotta have the discipline uh you know a lot of folks who save up six percent in an emergency fund they blow it well i like what you said kevin where you said the whole um emergency cash fund that doesn't apply to everybody like if you're liquid and you have money to pull out of the market then you could sort of count that as your six month month emergency fund if you're more on the risky side so yeah definitely so yeah somebody says here uh just a kind of a follow-up to that question somebody says why do you need cash just liquidate stocks when you need cash that's what i said yeah yeah it's kind of dangerous but you never want to be forced to sell down when you need the money because chances are when you need the money the stocks are down yeah exactly i mean maybe but but then then it becomes a true emergency fund like if if you're like oh man i got six months in a savings account and i really want to go on that disney cruise and it's like i'll just i'll just reimburse my my savings account that crap happens all the time all the time because the money's there staring at your face you transfer that money to your brokerage you put it into tesla stock you know what if that thing's down 20 guess what that disney cruise ain't an emergency anymore all of a sudden kevin's like my emergencies are real you don't set your bar low for emergencies so here's here's another question it's interesting somebody says liquidating stocks to buy real estate any downsides and i could think of two downsides off top of my head one is if you've got a bunch of gains on your stocks you're gonna have to pay all those taxes when you go to sell and if it's short-term gains you got much higher tax rate and then two if you own some great stocks they're going to likely outperform real estate significantly over five to ten years you know kevin or graham do you guys know the exact numbers for or maybe i'm wrong in this assumption do they allow you to pull out a certain amount of money out of your retirement accounts to fund a down payment or to fund for a house wasn't there like us that there was a limit there's an amount you could pull out yeah without getting into it was i don't know it off hands yeah i think and now with the see it's been changed too with the cares act like now you could borrow for three years like a hundred k uh you know you can pay yourself back uh i don't i don't have a 401 so i don't pay as so much attention to it i'm definitely not an expert in that but yeah you there there are exceptions for penalty uh free withdrawals or not penalty for withdrawals rather like taking a loan against your 401 to buy real estate but uh you could also take margin out against your stock if you wanted to but i guess taking a loan out against your your retirement account would be safer than margin because you're not going to call yourself so i yeah i probably an order of priority for a down payment would rather borrow against my retirement account uh than deal with margin or stocks then i'd rather take out margin to buy real estate then i'd rather uh yeah i mean then if i found a really good deal sure i'd sell stock yeah interesting okay hey uh andre question for you somebody said they said when you hire in that in in in uh house butler or something like that something about pirate butler i guess you said in a video you're going to hire a butler no video editor what how do they sing things um yeah no i i need to make just a formal announcement probably on my instagram when i do i'll i'll publicly announce it i just dropped it just occasionally and i sometimes get emails of people asking me when i'm hiring but i i haven't made it official yet when i move that when i move to the new house that's when i'll be more ready in about a month and a half oh a month and a half dang i didn't know it was that long away andre a lot of a lot of repairs and upgrades upgrades upgrades yeah wow holy smokes okay we need one last good question ended on here guys uh we need something here somebody says uh has graham ever considered opening one of those big walk-through aquariums oh my god what do you mean big walk-through aquariums you mean as a kid i've always wanted something where the room like an entire bedroom is basically the aquarium that you could see like and that would be like in the middle of the living room i'd love to do something like that i'm talking like five six thousand gallons that's a horrible question oh man i i can't get any i can't get any good questions here guys i mean somebody keeps asking about if they start mining asteroids what's going to happen in the price of gold i don't know how to answer that well actually that's a good point if we discover a ton of gold on some asteroid i've always wondered that too oh yeah have you maybe is that you guys possibility like that's that could very well happen okay here's a good last question okay link ipo what do you guys think about starlink ipo any interest in that one or not really all in would you i wouldn't go all in i mean i'd have to look at the financials i mean the same thing with like robin hood like i want to see their financials uh but uh yeah i mean i'm i'm bullish on the concept of it and the idea of it you know i hear it's just a big money losing business right now and that's one of the reasons they're not public uh but uh yeah yeah sure i don't know why they don't have a problem huh i would invest i would invest i probably i don't know a percent in them i think i think it's worth it to diversify yeah yeah you could be like kevin o'leary in 900 stocks i'm slow i'm working my way up i got like 55 right now oh oh yeah yeah it might be interesting i don't i just don't understand why they don't just do it under the tesla umbrella i think it just makes sense it's like another component of tesla so we could talk about how big it will be for tesla in 100 years same thing with boring you know that's just put it all under tesla yeah oh gosh well guys uh i'm gonna let graham take us home in just a minute but thanks so much for joining us don't forget to smash as always and make sure you subscribe and graham take us home man yeah guys make sure to subscribe it's totally free because you're gonna forget as soon as you leave you're you're going to forget this just go and do it it's really fun to do just trust me just just go with me on this just go to the subscribe button give it a quick destruction just annihilate it break the button and you'll see just how great it is it's such a fun experience everyone who smashes that subscribe button loves it they have no regrets they tell all of their friends and family and when we hit a hundred thousands of uh subscribers here on the channel jeremy said just now he messaged me that he'll buy 10 million dollars of bitcoin so make sure this is i'm kidding but just subscribe and hit the like button because it helps with the youtube algorithm the more likes we get the more uh youtube recommends this video to a brand new audience it helps us out a lot thanks for having us guys peace out thanks guys see ya

Channel: Millennial Money

Views: 198,952

Rating: 4.9405789 out of 5

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Id: ARFW4Epg-rk

Length: 89min 42sec (5382 seconds)

Published: Tue Apr 13 2021