The #1 Portfolio Mistake Keeping You Broke (And How to Fix It)

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1:01What's up? Look on Earn your leisure with all about smart money moves. Here's one most people skip and it starts with insurify. Most of us never shop our car insurance. The policy renews every year, the rate creeps up a little at a time, and nobody calls you to tell you. You stay with the same company because it's easy and that convenience costs you real money. That's what insurify is. It's a very important thing to do. It's a very important thing to do. If you do get that, you get a good amount of money and you get a good amount of money. But it's a very important thing to do. If you do get that, you get a good amount of money. It's an I Heart Podcast. That's what insurance costs you real money. That's what insurify fixes. Real quotes from more than 120 top insurance companies side by side. About two minutes free, no phone calls, no pressure. And if there's nothing better for you right now, insurify keeps watching and tells you when that changes. So you're never stuck over paying. Millions of people have used insurify to shop for their car insurance. Sureify.com that's INSURIFY.COM. This message is brought to you by Ralph's.

2:03If you're listening to this podcast, chances are you like to make the most of your time. That kind of thinking can go a long way at home too. And with Ralph's, you can plan ahead by stocking your kitchen with fresh groceries and everyday essentials, making the rest of your day feel easier right from the start. Turn her online and pick up groceries at your local Ralph's. Ralph's serving so cal for over 150 years. Toyota's easy choice sales event is on. Whether you're looking for the performance of a camera, the versatility of her app for, the efficiency of a Corolla or all electric driving in the BZ, there's a Toyota that's just right for you. And with great deals across the lineup, now's the time to find yours. But hurry, these deals won't last long. Toyota's easy choice sales event and soon. We make it easy. Toyota, let's go places. Two different reasons. If I'm looking for upside, I'm taking an anthropic.

3:03If I'm looking for pure upside, I'm taking an anthropic because of the role that is going to play in pretty much every industry, which is why the government has to figure out how they're going to either work with it or figure out a way that it can incorporate it. I think anthropic is that important. And Dario has become, he's won people over. He's certainly won people over. He's become more of a face. He's speaking more. I saw him with the announcement with Mark Vanilloff at Salesforce and the partnership that they just announced when SASPocalypse was the theme. He kind of literally changed the entire software industry with that announcement. Apple, if I'm looking for certainty and something that's steady and it's a trust at brand and it's a long-term investment, I would choose that. But if I'm looking for upside specifically, I'm going anthropic. Charity, what about you? Apple. Okay. Tell us about it. Well, it's lightning, Rouse. I don't want to be too long-winded, but the brand that you could believe in and defense

4:08is the best offense. So yeah, definitely anthropic has more upside potential, but it also has more downside risk. Who you got? What are we looking for? Safety or return? Return. I think that's most people looking for one. You got me a combination of the two. I would say to me, parent and anthropic and Apple together and the portfolio is in the dream world. I put Tyrese Maxi and Kevin Durant together, like one's more season, one's more up and come in superstar. So for clip purposes, I'm going to say both, but if I'm looking for a few, sure return, I'm going to come back to you guys. Clifan. Two minutes at the next stop club, if I tell you, if I like anthropic or Apple, more back to you guys. Yeah. It means just a crazy time, right?

5:09You think about Apple getting to a trillion dollars and we remember that and now you tell a company five years later that's going to probably IPO at two trillion. Yeah. Yeah. Pretty amazing. Last one sells four versus a theory of which one would you lean on? If you had to last 30,000 to put into the market, you had to pick one. I'll go first. I am elated. That's like, this is not even a fair comparison. I want us to diversity because we always do Apple Microsoft. The ones I've heard the comments, you only talk about it, but Microsoft and we're tired. Okay. Well, nevertheless. And then, but if you down a hundred bucks on the stock, then you're like, hey, what do I do? I do like bidding off suggestions. I like him as a CEO. I do not love the company to invest in long term. I do think the SaaS apocalypse narrative was overrated because AI is software in Bitcoin and the theory of the software. So I find how they parse the differences very interesting.

6:13If I had to pick one though, then I would probably lean on, well, Troy, let me come to you. Which one would you pick? It's nasty, man. I was big on Ethereum. I still have like, you know, some money in Ethereum. And I understand that blockchain, the functionality of it. I understand everything's being built on the Ethereum platform. Where's the time frame? How about that? What's the time frame? Five years. Five to seven years. I'm seeing at least when the fire is going on with micro strategy, I'll give them credit. Sailor doesn't back down. I don't know where in Russia, Vitalik is. And for that reason, I'm picking Salesforce. I'm leaning towards that too, which is ironic. I was just going to say, I'm leaning towards that because we know Benny off. And I think the only thing that troubles me with Salesforce is the debt structure.

7:16For now, how they're going to incorporate AI into the CRMs. But the partnership with Anthopic makes a lot of sense. And so he's been proven to keep that thing afloat. So yeah, I'll go with Salesforce for this. Chaudy. I'm a Bitcoin Maxi. And I only believe in Bitcoin. But no like. Chaudy knows you who were trading and investing back in the day on Litecoin was supposed to be the one that was you know, yeah. When he sold his, his shares was a Charlie Lee. He does. It was over with. But but Ethereum has more upside potential. Ten or two with Ethereum. You're the ten or two. See, they're going to get the $10,000 or something. Get this going to stay at two. What do you know?

8:16I don't know. Yeah, huh? But he has more upside potential. But it could also be the next day flat. Yeah, stay flat. And it's moved a little bit as a recent, but the premise and promise is not delivered. They expect the return. And I like it that the talent as a entrepreneur, but he has been very quiet. I think I can't say about bending off. Quick one before you jump back in. You're listening for ways to help teams move faster, make sharper decisions and turn scattered context into work they can use. Chatchy PT for business can help. Chatchy PT for business gives teams a shared workspace with admin controls, permissions, and access to work and codecs and Chatchy PT. This means your business can move from question to answer and code to roll out quicker. Join over ten million business and enterprise users worldwide already using Chatchy PT for work. Download the Chatchy PT desktop app or contact sales to learn more. All right, what's up?

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10:20That's Framer.com slash earn for 30% off a Framer.com slash earn rules and restrictions may apply. Earners what's up? Look on earned your leisure with all about smart money moves. Here's one most people skip and it starts with insurify. Most of us never shop our car insurance. The policy renews every year, the rate creeps up a little at a time, and nobody calls you to tell you. You stay with the same company because it's easy and that convenience costs you real money. That's what insurify fixes. No quotes for more than 120 top insurance companies side by side. About two minutes free, no phone calls, no pressure. If there's nothing better for you right now, insurify keeps watching and tells you when that changes so you're never stuck over paying. Millions of people have used insurify to shop for their car insurance. So insure with insurify. Go to insurify.com that's INSURRIFY.COM insurify.com Earners what's up? You may have heard about built as the loyalty program that lets you earn points on rent wherever

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12:23Subject to approval and eligibility. Built cards are issued by column NA, member FDIC, pursuant to license from MasterCard International Incorporated. This message is brought to you by Ralph's. If you're listening for a laugh or a fresh take on everyday life, you know it's often the little things that make everything more enjoyable and easier. And with Ralph's, you can plan ahead by stocking your kitchen with fresh groceries and everyday essentials. So the little things in your day feel easier right from the start. Order online and pick up groceries at your local Ralph's. Ralph's serving so cal for over 150 years. In a world where open claw and open AI and Microsoft was eating away at his business, he finds a guy who's just going to get a bucket to even do the partnership and not run away from AI shows how adaptive he is and it doesn't decay their business.

13:24You got like on an executive and CEO level, you have to give him credit for going into that storm and figuring their way to salvage his company when it could have been over with. It could have looked really ugly. Richard Wai, I had a conversation in early last week about when they reported to stop him with 4% and then he did the announcement as in video was a reporting which is like, damn, that's how you feel. But the fact that he had the guy who and the guy who's company would ultimately disrupt and damage their company say, hey, I'm here to work with you. How strategic and you watch that. It's for Salesforce jumping up 12% because of it. So now it's how do we incorporate AI to help grow our business rather than saying AI is going to completely disrupt and dismantle our business well played by him. But I will say this, we will be talking about Ethereum and XRP and Salana on Thursday at

14:279 o'clock when we have Austin, I mean, EYL University. He's specifically going to be talking about digital assets and cryptocurrency and he's very bullish on all of those. So if you're interested, you can hear from him, his thesis on altcoins. But that's Thursday at 9 o'clock. But me. Good media transition. It's Bitcoin. Bitcoin and Buster. It's Bitcoin and nothing. Okay. Was that the last one? What's the biggest investment mistake right now? Warren Buffett just turned 95 or 96. And I was going back through some of his early investor lessons and I think the biggest mistake that I'm seeing. And it's been done intentionally. A, not waiting for the right price. And I'm going to keep saying that too many of you are investing in too many companies.

15:30I love the review by portfolio segment that we did a couple weeks ago. And I did it on stock club called the last stock club call. The thing that I'm seeing with the millionaires though and shot it to auto rep handed millionaires. I love y'all. When I look at the portfolios, their portfolios normally look like this. Really short. It's concentrated in a few companies. The ones that have 12, 13, 14, 15, 16 assets and their portfolio. They have good positions but very few of them. So the mistake that I see everyone is making is that they're kind of making your own ETF on index like today. Somebody had 39 positions. I'm like, how do you, unless you just have 100 grand that you can throw into the market, how do you even get enough shares of those companies for to even make an impact long term? So hyper concentration is the way to go if you want to build wealth and having too many companies almost leads to too much fear and stops you from getting rich because you're

16:34too spread out. Pause. I'm a child child to the chat. My group chat is in here. They watch and I'm going to say this solely relying on making calls surrounding earnings. Thank you. Stop that. Yeah. It be, you know what? It's an emotional rollercoaster. And so if you're doing it, number one question you should ask is, how about build my foundation first? Like I have, have I built, we spoke about it last week. Have I built my foundation? Have I built shares? Have I brought indexes? ETFs? Have I bought equities and my buying options on the equities that I actually have rather than saying like, hey, your video is out to report. What you think we should do, I'm about to get a position because as we've seen, right, six out of the last eight up until last week, it went negative after. So some people are doing put some people doing calls. I think it's like if you buy a call and I always say this by time, right by time, but

17:39where are we buying in time? We're buying in catalyst events. We're buying in volatility and we're also buying in these earnings, right? So if we have a call is out for two years, that means we have at least earned eight earnings reports inside of those calls to watch the ebbs and flows of how they're going to report what the future guy is going to look like. So just be mindful if you're doing that. They're playing a weekly. It was shot to you. What's your answer? The biggest mistake is not watching market Monday, 5600 people on the check in. Mighty, mighty, mighty market Monday's army. I appreciate y'all. Go ahead, Bobby. Go ahead, I got you. Still alive. Still alive. Yo, yo, yo, PJ Kav, you got to stop. Yo PJ Kav, you shot the care. Yo, Kav, you got to stop. Just I love you man. Stop it, Kav. But that is that is the biggest mistake though. In all seriousness, care going for the whole run every time. Go ahead, we're all Joe's aside.

18:40The biggest mistake is not watching market Monday's because it's a vitally important part of your education and it's free. And it's entertaining as well. So man, it's such a great way to start the week. You can map out your strategy, your vision board, your watch list. It's just it's highly recommended for sure. And you're able to listen to it on the podcast outlets. If you can't visually see it. I don't know if you don't watch market Monday's. Absolutely broke. I have the question. I have to question your decision making ability. Not everybody wants to get rich, bro. That's one thing I'm learning. Before you sign off, you tuned in for ways to help teams move faster, make sharper decisions, and turn scattered contexts into work they can use. ChatGPT for business can help.

19:41ChatGPT for business gives teams a shared workspace with admin controls, permissions, and access to work and codecs in ChatGPT. This means your business can move from question to answer and code to roll out quicker. Join over 10 million business and enterprise users worldwide already using ChatGPT for work. Download the ChatGPT desktop app or contact sales to learn more. Erner's what's up? Look on earned your leisure with all about smart money moves. Here's one most people skip and it starts with insurify. Most of us never shop our car insurance. The policy renews every year, the rate creeps up a little at a time, and nobody calls you to tell you. You stay with the same company because it's easy, and that convenience costs you real money. That's what insurify fixes. Real quotes from more than 120 top insurance companies side by side. About two minutes, free, no phone calls, no pressure. And if there's nothing better for you right now, insurify keeps watching and tells you when that changes, so you're never stuck over paying.

20:41Because of people have used insurify to shop for their car insurance. So insure with insurify. Go to insurify.com. That's INSURIFY.COM. Insurify.com. You already know how AI is changing how everyday work gets done, how much ground you can cover, and how fast a team can scale. Stay ahead. You need the tools to give you a competitive advantage built for this new era. Welcome to a GenteG revenue. Adio is the CRM for this world. It meets you where you work. Compounds every customer signal into context, then acts on it across your pipeline to let you move it on match speed and scale. With agents and animations for every job in revenue, Adio orchestrates your work around the clock. Built to handle the scale of your workloads, extensible with API, and MCP, and with the infrastructure to keep up with your most ambitious agents. Loved by high growth startups like Grenola, Model, and Edge. Adio runs the work behind every win. That's Adio, the agent at CRM. The intelligent system that never sleeps, picks up leads at 2 a.m.

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