Speaker A
Hello everyone. Hey, this is Tom. Welcome, welcome, welcome. Step right in, step right in.
Tom Nash reveals investing fundamentals, market cycles, and common pitfalls in this comprehensive live masterclass.
Key Takeaways
- Investing fundamentals are essential even in strong markets to prepare for inevitable downturns.
- Emotional decision-making leads to consistent underperformance among retail investors.
- A clear, rule-based investing system is critical for long-term portfolio growth.
- More information alone does not improve investing success; disciplined strategy matters more.
- The best time to build and refine your investment plan is during market highs, not during crises.
Summary
- Tom Nash welcomes a global audience and highlights the success of the previous masterclass with 15,000 attendees.
- He emphasizes the importance of learning investing fundamentals even when the market is at all-time highs.
- The masterclass covers a full investing system based on Tom’s 20 years of experience.
- Tom explains market cycles and why preparing during bullish times is crucial for long-term success.
- He stresses the dangers of emotional investing and lack of a defined system causing retail investors to underperform.
- Tom shares a real viewer’s frustration with trading complexity and confusion.
- He presents data showing the average retail investor underperforms the S&P 500 by 3-4% annually due to emotional decisions.
- Tom clarifies that having more information does not necessarily make one a better investor.
- He encourages viewers to develop a disciplined investing plan and avoid reactive behavior.
- The session includes interactive elements like quizzes and Q&A to engage the audience.
Full Transcript — Download SRT & Markdown
Speaker A
Hope everybody's having a good day today. Say hello in the chat. Say where you're from. Make sure you introduce yourself. You say where you're from. We always love, love, love seeing international viewers. Hello from Germany, right? Hello from Denmark. What's up? What's up? Good morning. Hello from Florida.
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Let's go. We've got people from Belgium, from Thailand, from Michigan, from Egypt, from the UK, from Barcelona and Spain, from Oman, from Bahrain, from Ireland, from France, Bulgaria. Oh my goodness. Very happy to see everybody. Thank you for joining me today. So
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before we get started, and I'm really, really glad to see everybody here today, so we got a lot of requests after the first masterclass, which we've done yesterday on Saturday, May 16th. We've done an amazing masterclass. Guys, we had 15,000
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people who came in and did not leave for two hours and 45 minutes, staying with us for the whole masterclass, and people came out absolutely blown away because what I'm doing in this masterclass, folks, is I'm revealing the whole system. Everything I've
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learned over the past 20 years is going to be handed out to you. Now, if you've been here for yesterday's masterclass, I highly suggest you stay for today's as well, even though it's going to be the same material because the details
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matter. You're going to learn a lot today. You're going to actually figure out a lot of stuff you didn't notice yesterday because of all the hoopla, all the excitement, all the chaos, right? So listening again is going to be a huge advantage for
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you. So even if you were here yesterday, okay, even if you were here yesterday, I still suggest you stay and actually pay attention and listen because you're going to learn a lot. You know how sometimes you watch a film that is like a
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high-end film twice? You learn so much in the second time. It's going to happen here as well. So I suggest you do stay. You're going to learn a lot.
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We're going to cover everything A to Z. We're going to reveal the stock today
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that I've never talked about on this channel, which has one of the best setups right now in the stock market. We're gonna do a bunch of questions at the end. I'm gonna answer everybody's questions. We have so much to cover, right? Now,
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one thing I want to talk to you about today before we get started, guys. Now, the question I want you guys to think about is like, why are we even here, right? No, I did not turn my beard. So, why are we here? The
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market is at all-time highs. Everybody here is making really good money, right? Why are we even here talking about fundamentals, investing, masterclass? I mean, why? We're doing fine. Why do we need to talk here for two hours about the importance of
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fundamentals? Look at my portfolio for the past three years. We've done so much money, et cetera, et cetera, et cetera. Okay, cool. You know why? Because every single time this is going to happen, folks. Every single time throughout history, every single time throughout
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history, this is the cycle that keeps on happening, which means that eventually the party is going to be over. Eventually, euphoria is going to be replaced with panic and denial and anger. Why? Because it always happens. Every single market cycle ends
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with this and it starts again. So the thing is the best time to have a plan, to think about strategy, to build up your portfolio and to make sure you have all your ducks in a row and that you prepared for
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everything is when times are great. Because when times are great, when we are in a great bullish market, it means you have all the time in the world, all the freedom in the world. You can trim positions when they're at all-time highs.
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You can restructure your portfolio. Think about it. If you're going to battle right now, the best time to set the plan in motion for that battle happens when you're back home. Most people wait until they're fired upon and there's more fire
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and they're getting shot at and everything's exploding, then they're like, oh, it's time to build a plan. No, the time to build a plan is now when things are great. Okay, when things are great, when everything is on easy mode, when the
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market is euphoric, this is the time to set a plan, to trim, to make sure everything is said. So it's very important that we do this now. You ask me, oh Tom, what's the rush? Why did you all of a sudden start talking about
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this masterclass we've never talked about? Because I want to do this when the market is at highs, when the market is as good as it is right now. It's the easiest thing in the world. There is no cost to doing everything I'm
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gonna talk about today. For example, you won't have to sell at a loss to fix your portfolio. There's no stress, there's no emotional toll, et cetera, et cetera, et cetera, okay? So this is why it's important we do this
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today. Now, before also we get started, I want to show you this. This is, I got this two hours ago, okay? This is from David. I want you guys to read this comment, and I think it's really, really important, guys. Look at what David
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is saying. So he's saying, I'm honestly at a point where I don't know what to do anymore. I've spent the last eight months waking up early, watching every how-to-trade video on YouTube, taking notes until my hand hurts, right? But when I
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open the charts, it's like I'm looking at a different language. I don't understand the moves. I'm too scared to click the button, and I'm still losing money, right? Is it normally so confusing? Yes, David, it's normally so confusing. A lot of people don't
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know what they're doing. A lot of people have no idea, but when the market is great, when everybody's playing a video game on rookie mode, then everybody makes money. But it's a complicated, it's a complicated world. Okay. So I want to show
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you how little we know about investing. You guys ready for this? Okay. I want to do a little pop quiz. Okay. Let's do a little pop quiz and you're going to love this. So question one. Okay. I want you guys to answer
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this question. Okay. True or false. Okay. The average retail investor, okay, underperforms the S&P 500 by about 4% per year. Okay?
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Now, I want you to comment in the comment section right now whether you think this is true or false. Is the average retail investor underperforming the S&P 500 by 3% to 4% a year? Okay? Okay, somebody says false.
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Somebody says false, et cetera, et cetera. So there's like a 50-50 split. You guys want to know the answer? Check it out. So here's the answer. You ready for this? Okay. So it's actually true. The data is consistent across decades of investing, guys. The average equity fund investor
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underperforms the S&P 500 by 3% to 4% annually. Now multiply that over a period of 30 years, okay? Not because... These are bad investors who pick horrible stocks. Not because they don't know how to read the financial reports. It's because people make emotional decisions and they buy
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emotional, they sell emotional, and they have no system. They've got literally no rules in place. Now, I want to put this into perspective because 4% seems minuscule.
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I mean, who gives a crap about 4%? But let's put this into perspective. On a $300,000 portfolio, which is a sizable portfolio, right? On a $300,000 portfolio, 4% per year is $12,000 gone. $12,000 of underperformance gone. And it happens every single year. Okay?
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It's not the market's fault. The market is not underperforming. It's because these investors, for the most part, out there in the market, most retail investors, really don't have any sort of process whatsoever. Okay, question two, guys. True or false: having more information makes you a way better investor.
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Having more information makes you a better investor. True or false? Okay, what do you guys think? Think about it. We've never had more information than before in the history of mankind. Okay, so the answer is that more information is not the answer. It's false, right? And this one
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matters a lot today, right?
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Barron's you literally drowning in information let me ask a question how's that going for you okay more information without a system is more noise okay it doesn't make you more confident it doesn't give you better conviction in the stocks that you wanna hold it just makes you more confused And
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that's what I'm experiencing because I deal with investors on a daily basis. Now we have 34,000 members in my academy, 34,000. And I have 185,000 followers on X. And I've got 670,000 followers on YouTube.
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So I deal with a lot of investors and the one common thread with all of them. Nobody has ever complained, Tom, I don't have access to enough information. I've never heard this complaint. not even once you know which complaints i hear it's like
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we're so confused tom we're so confused we don't know what to do there's for every opinion there's a opposite opinion for every bear thesis there's a bull thesis like what's going on i'm going to be coming back to this but i want to
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move on okay question number three question number three true or false most investors with fifty thousand dollars or more have an actual written plan they are following that will get them to their long-term investing goals. True or false, comment below, okay?
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True or false, comment below. Okay, let me ban somebody. Oh, thank you, Devin, I appreciate it. Okay, so what do you guys think, true or false?
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Okay. Okay, you've got the answer. The answer is obvious, right? False, and it's not even close, okay? Fewer than one in 10, Fewer than 10% of investors at any level have a real plan built for their specific situation, right? A lot of investors operate on gut feelings.
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By the way, when I have a gut feeling, I go to the toilet, right?
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That's not for the stock market. Some investors have hope. Some investors have ego. If you have a loose idea of where they kind of want to end up, but that's pretty much where it ends, What 90% of retail investors, and that's why
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90% of retail investors lose in the stock market, even though it goes up 10% every year, what 90% of retail investors do not have is a written roadmap built around their portfolio, their timeline, their goals, something that tells them
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exactly what to do with their money and how to get from point A to point B. That is why today I'm going to show you how you can do that for yourself. That's the beauty of what I'm about to show you, okay? By
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the way, one more question. True or false, real quick, right? A financial advisor is the safest and most reliable way to grow your wealth in the markets, right? What do you guys think, right? Now, that's a matter of opinion. Now, this question is
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purely a matter of opinion. I'm curious to think, to see what the opinions are about financial advisors. You guys are pro-financial advisors or anti-financial advisors okay just curious now i'm not taking any shots at financial advisors but here's my
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opinion okay just my two cents okay so in my opinion okay the one percent fee your advisor charges right again let's go back to our three hundred thousand dollar portfolio right so the market average is ten percent per year right
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that's the average without that one percent fee your money is going to compound at ten percent per year With the advisor cutting a coupon of 1%, you're compounding at 9% per year. That's a 1% difference per year. And that may sound like absolutely
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nothing, but after five years, that 1% has cost you $43,000 in lost gains. And you don't get a bill, you don't see it, it just quietly disappears from your future like a fart in the wind. After 10 years, that's $120,000 on
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that hypothetical portfolio. That's not a fee anymore. That's a sports car. That's a year of education and college gone. After 20 years, that 1% on that same portfolio has eaten over $350,000 of your compounding gains, which is literally more than the original $300,000
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portfolio. The fees are costing you more than your original investment. And the crazy part is that financial advisors, in my opinion, can't even beat the S&P 500. And by the way, there's studies that show that professional money managers keep losing
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to the S&P 500 every year. Okay, so just my opinion, but I want to continue. Okay, now this is a true or false question, right? If somebody like me built you a personalized investing plan, reviewed your specific portfolio, told you
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exactly what to look at, how to check your work, and how to achieve your investing goals, would that be something that improves your performance? True or false? What do you guys think, right? Let me show you. I think that a personalized plan
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is going to change everything for you. You already know the answer. And that's exactly what today is about. Me showing you how to build a portfolio that significantly increases your chances of hitting all of your specific investing goals.
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No more and definitely not less. So I want to talk to you about a little known stock by the name of Palantir. a stock that has been intertwined in my investing journey. It's kind of the ultimate story of how my system has changed a lot of lives, myself included, right?
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So let me tell you a quick story. Some of you know part of this one, but I don't think most of you know this particular version. So in late 2020, Palantir was trading around $10 a share when it went into a public market through a process called DPO, direct public
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offering, right? Now, nobody was talking about Palantir. Most of the sell side analysts have either ignored it or was neutral on it. The market was basically saying Palantir is a consultancy. This is a government contractor. There's nothing interesting here. It's
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boring. It's not sexy. It's not cool, right? But below all of this garbage coming out of the sell side analyst. Here's what Palantir was actually becoming slowly, right? Palantir was building a software platform with government contracts locked in with switching costs so high, nobody could ever move Palantir
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away with commercial expansion that just started to accelerate in 2020. And with the superstar CEO who had already been building this thing for 17 years. and the market was pricing the old story, the legacy set up, I was looking at
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the new story. And that is literally the single most important sentence I've ever learned about investing. Find the misunderstanding, you will make the money. Find the misunderstanding in the market, you will make the money. Every single multi-bagger in the history
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of investing, whether it's Palantir, Amazon, Meta, Google, Microsoft, Every single multibagger across history had the same pattern. The market was pricing in an old story. The company was becoming another. And some investors saw the gap and they used this gap to create generational wealth and change their lives. A Palantir got called
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a consultancy. I got called an idiot. Tesla got called a car company. Oracle today gets called a database provider. And I can go all day long giving you more and more examples. But every single one of these particular cases of
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misclassification, let's put it this way, right, was worth billions of dollars of investors' money who actually saw the truth. Now here's the part that matters the most here, and this is super important, right? The buy of Palantir was not the hard part. It's
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like, Tom, how did you know to buy it? The buy part was the easy part. All you have to do is look at the financials, read a little bit about it. The buy is the easiest part of the whole equation. You know what
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the hardest part was, okay? You know what the hardest part was? When the stock went from $40 a share to $6 a share and stayed there for a whole year. Okay? That was the hard part. That is where the money was made. Buying
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the whole year at $6 when people were literally making videos about me, calling me an idiot, saying that I don't know what I'm talking about, et cetera, et cetera, et cetera, et cetera, okay? That was the hard part,
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okay? My core position, was hey if the thesis holds i'm going to be buying more definitely not selling i don't care what the price is okay now i helped through everything and added to palentir because i had three things most investors
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never ever built for themselves you guys you guys want to guess what three things anybody wants to take a guess what three things i had that most investors never actually bothered to build for themselves By the way, don't cheat. If you were here
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yesterday, don't let people know. Let them figure it out. What three things? I want to see in the comments. What three things did I have that... Okay, somebody says a plan. A plan. A conviction. Conviction. Conviction. So everybody says
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conviction and plan. Okay. Okay. So let's take a look. Okay. One, two, three. Okay. Okay. I helped through everything because I had three things.
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One, I understood the misunderstanding. I knew exactly what Palantir was in my portfolio. Not a hunch, not a gut feeling. I actually knew what the hell they were doing. A real thesis that the market was absolutely missing. And when
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the price dropped, I had something written down in advance before the price drop saying, hey, if the price drops, you buy more. That thesis plus this predetermined plan gave me conviction. That conviction allowed me to buy at $6 when everybody was screaming at
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me to sell. Number two, I knew exactly how the position fits into my plan.
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Before I even bought a single share of Palantir, I knew how much of my portfolio I was willing to put into a position like Palantir. I knew what the drawdown scenario was gonna look like. I knew that my life would not depend on
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money that I have invested in Palantir for the next few years that the money might do volatile things, right? I knew in advance that the stock might drop. I was ready. I was prepared, right? And that's what allowed me to hold and buy
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more. Okay? The Palantir stock dropping from 40 to 60 didn't threaten anything for me.
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Nothing. The position was size for volatility when it even went up back to 20 and 30 when people were selling, celebrating. My plan did not change.
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If you own a stock that does not fit your plan, then it's a whole different enchilada, my friends. Then every freaking fluctuation becomes a massive threat, like a massive existential threat, right? Every headline becomes a decision point. But, you know,
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when the position is sized correctly, when it fits your portfolio, your situation, when you are prepared mentally and emotionally, then volatility literally stops mattering. The daily price stops matter. It's just noise, right? Number three, number three, I checked my own work on
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a schedule every 90 days in audit. Same questions every single time. Has my thesis changed? Does this position still fit my plan? And with Palantir, the answer is easy. It's always been yes. So buy more.
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Cheaper, buy even more, double down. that plan, the thesis, these three steps, they gave me conviction. And then it made volatility literally irrelevant. And the review at the end gave me discipline. This is what process looks like, guys. Process
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is not some fancy word. This is what it is in real life. You put these three things together and that is process. And that is literally what separates the top 10% of retail investors from the bottom 90%, okay? Because even if the bottom
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90% actually fall ass backwards into a good stock, they're not going to capitalize. You guys know why? Because they're going to panic sale at the first sign of turbulence.
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Do you want me to give you an example? Do you guys remember when the tariff scare happened in April 2025, a year ago, the tariffs came out? Palantir dropped 50% in a month. How many investors, average investors, do you think
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actually bought the debt on Palantir? And how many panicked? The same people who were crying, oh my God, I wish Palantir drops. I missed the boat on Palantir. The minute Palantir dropped 50% in a month, they're all like, oh, no, no, no, no,
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no, no, no, no, no, no, no, no, no. I'm telling you, bro. I'm telling you this from firsthand knowledge. Okay. Now, let's talk about what today covers. Okay. And those three things together that I just talked to you about, they are what separates people from who compound
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generational wealth from people who catch a great stock and then panic sell it. Today, what we're going to cover, I'm going to show you all three. I'm going to break it down to the little atoms. The thinking that finds the
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misunderstanding, the structure that turns massive volatility event into noise, and what it looks like when someone applies all of it to your specific portfolio. Let me be direct about how today is going to work. Okay.
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Over the next hour, I'm going to teach you three things. Okay. I'll walk you through the actual framework I use on every single stock I analyze, I evaluate, I look, I break down. I'm going to walk you through a real portfolio
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review that you're going to be able to see how this audit, how this framework gets applied to a real investor situation. every position, every allocation, a real plan on paper for a real person. Okay. At the end, I'll also show you a
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stock that fits this plan that I've never talked about on this channel. And you'll walk away today with more understanding about how to succeed at investing than most people in the retail investing community have in a decade. Not shy about it. Okay.
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I know what the value of what we're doing today is. Okay. That's why you're here on a Sunday. listening to me and not having fun outside because you're investing in your future okay now again at the very end I will reveal one stock
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I'm really keeping an eye out that I've never talked about before except yesterday I kind of mentioned it right but I'm not gonna put it in the recording so you only gonna hear it if you stay till the end if you stay till
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the end you hear the stock but then it's gone okay now I'm not gonna hide the ball okay you guys know me okay i'm a straight shooter right by the time we and this there's nothing that's going to be hidden put away
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your wallets i don't want your money i don't want you to click nothing smash nothing donate nothing i don't need no super chats i don't need no donations i don't need no likes either need you to pay me put away everything to
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the side put away your money all i want is your absolute attention for the next one hour to listen to what I have to say carefully that's the only thing I want your attention that's it okay so that's it okay
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so I'm gonna explain exactly what this is gonna look like and I promise you by the time we end it's gonna make so much sense your head is gonna explode okay but I'm not gonna bullshit you because I respect you
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too much I'm not gonna bullshit you okay and I wanna be upfront I'm gonna earn the right by the end of this masterclass, I'm gonna earn this right from you to make an offer to you, okay, showing you
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the best investing education plan you've ever seen. And I'm gonna show you the plan and I'm gonna offer you an opportunity to join that plan, okay? But that happens at the end after I've earned the right to pitch that to you, okay? Now
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I'm gonna pretend like it's not about that. If it doesn't make dollars, it don't make sense. So every business have to make dollars, right? But before we get to the dollars part, before I offer you a product, I want to educate you
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and teach you everything and everything from this point on until the end of this masterclass will not be marketing. It will be pure education, only education. So you're not going to pitch to or marketed until the end of this. Okay. At
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the end, I'll make my offer. And if it fits, then we can talk more.
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Okay. Now, Today is built for investors who are managing about $50,000 or more. Okay. That's where I see the plans starting to actually bear fruits. If you have a smaller portfolio below $50,000 and you're very serious about how you want to invest, that's good. Keep up the good work. But what I'm
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going to talk about today, the minimum portfolio where this starts to matter is about $50,000. Okay. So if that's you stick around and let's talk about it. Okay.
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Let's get into it. Okay? Check this out. So nobody here in this room today is bad at this, okay?
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And I want to start with something that most people on YouTube that teach finance and stock market, they tend to not tell you. You're actually good at this, okay? None of you are bad at investing, okay? Most of you on this live
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stream have been investing for years. Okay. You're doing research. You read books. I mean, you're here on a Sunday, educating yourself. You watch the videos. You've actually built a real portfolio. Some of you are managing a hundred thousand dollars. Some of
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you, $300,000. Some of you significantly more. And I know this as a fact, cause I told you, I deal with hundreds of thousands of investors every single day. Okay.
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And by most measures, all of you here in today's stream have done reasonably well.
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Okay? Now, here's what I want you to think about. The reason you're not doing even better, despite everything you know, despite your education and the hard work, is not because you're missing some hidden piece of analysis. Just give me the extra piece of
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analysis. No! This isn't because of that. It's not because you didn't learn enough. Okay? The stock market And that's not me saying this is literally Warren Buffett telling you this for decades. The stock market has never been about intelligence. It's never been
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about brain power. The best investors are not the smartest people in the game. Okay.
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The game has always been a psychological game. Always. And almost nobody is teaching you the psychological infrastructure you need to win in this game because for every trade, there's a winner and a loser. For every time you buy a stock and sell a stock, somebody wins, somebody loses. Nobody's teaching
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you the psychological game, even though that's the most important element. Think about the Palantir story I just shared with you. The reason I could hold through the volatility wasn't because I have some special emotional fortitude that most of you don't have. We're the
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same people. All of us have buttons and emotional triggers. All of us have the same screw-up. We're all incredibly fast. flawed human beings were all emotional creatures so why was i able to hold am i better than you know the
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reason i was able to hold and buy more at six dollars and seven dollars and so forth and so forth is because my plan made the emotions stop mattering my plan made the volatility stop mattering i had a plan
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an armor which most of you do not and that's the only difference and in this masterclass, I will show you how much it's costing you in real dollars every single freaking year.
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Now, there's a concept from a behavioral economist called loss aversion. Okay. This is actually something that has awarded Mr. Daniel Kahneman who passed away recently, I believe a Nobel prize. Okay. Did you guys know, and this is pretty insane, right? losing a dollar is more
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painful than winning a dollar. By how much? By twice. It's twice as painful to lose a dollar than it is to gain one dollar. Twice as painful.
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And a lot of people say, well, I have a character flaw. I'm so afraid of losing money, so I make emotional decisions. No, it's not a character flaw. It's not a character flaw. This is how you are wired as a human being. everyone
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in this room are the same we're all human beings and we're all built the same way and here's how it plays out and this happens on a daily basis guys let's say your best most favorite stock that you have
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drops 30% in a week the pain is twice as insane as the equivalent gain would have been if the stock would be up 30% in that same week Your brain gets hijacked by the pain. If you don't have a written protocol to protect you, if you don't have rules, you now
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have to face this pain alone. And all you can hear is the voice in your head telling you, make it stop, make it stop, make it stop, make it stop. So you sell. And three months later, the stock is back. Six months later,
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it's at new highs. And now you're like, oh, should I buy back? And then after six months, you buy back. and then it crashes again, just the moment you bought it back. And then like, I quit. On a $50,000 position that recovers 40%
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after you sell, that's $20,000 you left on the table, even if the stock actually doesn't crash when you buy back in. And here's the line I want you to remember from this entire masterclass. Corrections do not kill portfolios. Human beings and human reactions and emotions
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kill portfolios. It's not about the correction. The correction is going to happen. The crash is going to happen. I just showed you the market cycle in the beginning of this masterclass. It is inevitable. It is a feature of the stock market. The reaction
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to these crashes is what kills portfolios, not the crashes. Okay. I want to show you something even cooler. Have you guys heard about this? It's called the behavior gap. Anybody here is into psychology? Okay.
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So this is a this is measurable and documented. Okay, so Fidelity actually did a study looking at the the best performing accounts, the ones that crushed the market over decades. And they really just wanted to know, okay, can we
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figure out what's in common for the most successful investors so we can try and replicate this? Okay, let's do some reverse engineering on the best portfolios. And what they found out was shocking, right? The best performing accounts belong to people who had forgotten
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they literally had accounts. People who had moved, lost their freaking login. Most of them passed away. The portfolios with zero activity outperformed everybody else. Okay. Everybody else. Dead people have outperformed living investors without an exception.
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So think about it. Every time you touch your portfolio when you shouldn't get your head out of the gutter, right? You pay tax. Every panic sale, every fear-based exit, every, oh, I should lock in some gains, impulse. That emotional tax brings you down three to 4% per year.
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And as I told you in the beginning, on the $300,000 portfolio, that's $9,000. twelve thousand dollars every single year and if you miss the top 10 days in the market over a 20-year period just 10 days out of thousands
Speaker A
you miss roughly 50 percent do you guys understand how much money we're talking about here we're talking about 10 days over the course of 20 years you're going to lose 50 of your investing potential okay And where are those top 10 days hiding? You know, somebody actually looked at this.
Speaker A
The best 10 days over a 20 year period, they don't happen when the market is flying up. They usually happen after red days, when people don't want to be in the market, when everybody's panic setting. It's ironic, right? There's another cost, which I
Speaker A
think really absolutely smashes portfolios. And this is cost number three. This one is literally invisible, like a fart, that you open your brokerage app, what do you look at first red green that's it if you're a long-term investor and
Speaker A
that is you know for most of us here in the room that is the reality right so let's say a stock that's down 20 percent in a week but on the other hand you look at it and you're saying oh my god this
Speaker A
might be the best buying opportunity i've seen all year a stock is up 40 percent and you're like well that's good not necessarily it might be the moment you should be trimming right the color up or down at a specific moment in time
Speaker A
in your portfolio is not what it seems. A drop can be a massive opportunity and a massive spike can be a right moment to trim. But your brain is gonna literally tell you, red, sell, green, buy, red, sell, green, buy.
Speaker A
And that's gonna lead to decisions that made from emotions instead of an actual plan, an actual thesis, right? And you cannot stay on course and have this plan if nobody ever told you what the course is. It's like, how can I
Speaker A
stay on course, Tom? I don't even have the course. I don't have the map.
Speaker A
That's what most people actually don't have. And then, of course, you have this. How many of you? Tell me in the comments. I'm just curious. Be honest with me.
Speaker A
No cap. No cap. Be honest with me. How many of you have written down your investing constitution on a piece of paper? Be honest with me. Don't cap. Be honest, it's a safe space. How many of you have taken a piece of paper
Speaker A
and spent five minutes to write down your investing constitution? Okay? How many? I'm curious to see. Nobody, I promise you, not a single person in this room has ever done this. Except David. Well, David is a superstar. But except David, nobody's doing that.
Speaker A
Why? Because most people do not even understand the importance of this, right? So, let's say... Okay, you're up 200% on the position. You know, you should probably do something. But what? Take profits, let it ride, trim half, trim a third, trim 70%. If you don't
Speaker A
have rules, how do you know what to do with this 200% position, right? If nobody wrote down the rules for you, nobody taught you what you were supposed to do in this situation, how can you know? Then it becomes essentially a guesswork. It
Speaker A
just becomes this like, well, I'm just gonna wing it. And the worst thing you can do as an investor, I promise you this, you can wing it. The moment you start to wing it as an investor is where you screw up your portfolio,
Speaker A
okay? Now, it's not because you can't have a logical conversation with yourself. You can, but not when you are in an emotional state of mind.
Speaker A
When you're already in an emotional state of mind, where you're hungry, it's 2 a.m., you haven't eaten all day, and you're trying to eat healthy but you're standing outside the pizza shop, it's not the best time to have a logical conversation with yourself
Speaker A
about the importance of eating healthy. She's gonna eat that pizza because you cannot have a logical conversation with a highly emotional you. Okay? That conversation needs to happen before you become emotional. That plan needs to be written down before you are in the
Speaker A
emotional state of mind, okay? Because if you didn't do it, congratulations, okay? Now you have screwed yourself. Okay, so now you panic sell. What do you do next?
Speaker A
Do you get back in? When? At which price? What if the stock keeps on flying up? Do you re-enter at a double price than what you sold? What about ego? Right? Too late. Whatever it is, there has never been an investor who said, well, not having a constitution written down, not having
Speaker A
a plan really helped me make a lot of money. Okay? This is costing you tens of thousands of dollars of your portfolio. Not because you're stupid, not because you're making horrendous decisions. No, because you're making six-figure decisions in an emotional state of mind without any plan. And that's the root of all
Speaker A
evil. And by the way, that's not even the worst. There's the mental tax, okay?
Speaker A
That's not going to show up in any statement, but you feel it every single day. You check your phone before breakfast, Be honest with me. How many times a day do you guys open your brokerage account to see what's going on? From 9
Speaker A
to 4 p.m. How many times? Five times? Ten times? Fifteen times? And then you refresh your brokerage app during the meetings? You watch the market during lunch? During dinner?
Speaker A
You know, red days? You need a drink? Green days? Feels like a party? Right?
Speaker A
You lie awake at 2 a.m. wondering what happened on the red day? You think I'm making... Why do I know this? Told you. I'm in touch with hundreds of thousands of investors on a daily basis, guys. Between all my accounts, I'm in touch
Speaker A
with more than a million investors. I touch this every day, not physically. But I know this because I'm in touch with you guys, with a million investors on a daily basis. The reason it's happening is because nobody's watching out for your best interest. When you go to the court, you take a
Speaker A
lawyer. When you go to submit your tax returns, you hire a CPA or whatever, but nobody's telling you, hey, what's the plan? What are we gonna do? There's no coach. It's an uncoached basketball team. Then what happens? Every single CNBC
Speaker A
headline is a decision. Every red day is a existential crisis. That is not portfolio management. That is not long-term investing. That is the worst job you've ever had.
Speaker A
And it's the worst paying job you will also, very likely to have in your entire lifetime. And yes, you're not the only one, okay? Not the only one. So this is, damn, I'm not the only one. Of course you're not the only one.
Speaker A
Everybody does that. Why do you think I know this? It's because everybody does that.
Speaker A
So here's the line that I have to draw here, okay? If you are managing individual stocks in your portfolio without a plan built for your specific situation, your goals, your timeline, your risk profile, et cetera, et cetera, et cetera, et cetera. Can I
Speaker A
tell you something? No offense, okay? Don't take this the wrong way. But if you have individual stocks and you're not doing this, what I talked about so far, just buy the S&P 500, guys. I don't mean to be a dick, and I'm not
Speaker A
disrespecting anybody here in the live stream, in the master class, okay? But if you have stocks, individual stocks, and you're not doing this, just buy the freaking S&P 500, okay? You'll be better off, I promise you. Because going into this stock picking
Speaker A
game without a plan is like going into a machine gun fight with a stick.
Speaker A
It's not even a knife. Okay? Because look, the SP500 is not bad. It's a cheat code. 95% of all 10-year periods are positive. 100% of all 20-year periods are positive. I talked about it multiple times, right? It automatically cleans itself up. It removes
Speaker A
all the bozos, brings in the new winners, right? bend but never break right you literally cannot lose with the SP 500 over 20 years you can absolutely lose with individual stocks over 20 years and the difference is not about brain power or intelligence
Speaker A
it's whether you have a plan or not and the only reason to own individual stocks is if you actually have a plan built for your specific situation how much goes into your individual positions versus the index which position match your risk
Speaker A
profile how each one is size against your particular goals, how much and when to trim, when to add, how much to add, when to exit. Everything has to be written down, pre-committed, pre-decided. It has to happen before you're emotional.
Speaker A
So the way I see it, you got three options. Number one, go all in on the S&P 500 and live your life. That is probably the smartest thing you can do. Most investors... Doing this will make a lot of money.
Speaker A
Option number two, keep doing what you're doing and keep donating money to better investors.
Speaker A
They appreciate it and they will thank you for that. Number three, get a plan built for your specific situation by somebody who knows what they're doing.
Speaker A
Okay, there is no fourth option. It does not exist. And here's what I want you guys to understand before we go any further, okay?
Speaker A
You guys have the knowledge. You definitely have the info, right? You have years of experience. What you don't have is a plan built for your portfolio by somebody who actually follows these stocks and markets, who actually knows what they're doing.
Speaker A
This is not a knowledge problem. This is what I call the plan problem. This is a process problem, right? And I already showed you what a plan does when you have one. I'll walk you through my own Palantir situation. I showed you
Speaker A
the upside. Now I want to show you what a real plan actually looks like when it's built for someone else's situation, not mine, not a hypothetical, a real investor, because what I'm about to walk you through right now is going to
Speaker A
answer a question you probably never had answered ahead of anything, which is what does a plan that actually is built around me would look like on paper, right? Like you see all the principles, but wait, what is my plan going to look like,
Speaker A
right? How many of you answered this question to yourself? Not a lot, right? So here's what we're doing. And that's super important, okay? By the time we will be done today, five things will be different about how you invest. One, you're going to
Speaker A
know how to build a portfolio that can generate serious wealth. that can give you genuine peace of mind that can give you the kind of conviction that doesn't disappear the second the market drops 30% not some sort of a convoluted theory
Speaker A
an actual structure where you can take a look at and say I know exactly why every position is there what it's doing for me and most investors believe it or not have never felt that feeling you will by the end of today number
Speaker A
two you're gonna know how to filter the market for serious winners okay not hunches not tips not whatever is trending on Twitter this week a repeatable system for identifying the kinds of companies that produce 5X 10X 20X returns the same system that found Palantir at $6 at $10 at
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$15 I'm gonna walk you through exactly how it works step by step number three You're going to know exactly how to analyze any company like a pro, the specific questions to ask, the specific metrics that matter, the specific red flags that tell you
Speaker A
to walk away, to trim, to double down. After today's masterclass, you will never look at a stock the same way again because you'll have a framework, a process, a discipline that's going to cut through the noise and will tell you whether a business
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is worth your money or not. Number four. You're gonna watch me do it live. I'm gonna take a real investor's real portfolio, someone with the real money on the line and walk you through exactly what happens when I apply the system
Speaker A
to their specific portfolio. Which of their stocks survive? Which ones get flagged for exit? How their allocation gets restructured? What their plan looks like on paper, position by position? You see the whole thing. And of course, number five, okay?
Speaker A
After the Q&A, at the very end, I'm going to share the one stock I have a lot of conviction about right now that reminds me a lot of the issue that I was talking about earlier with the gap and the misunderstanding. A company
Speaker A
that's lagging and misunderstood, which I believe is a massively mispriced opportunity, including my price targets and everything. Okay? By the way, this is not going to be included in the recording. So if you leave early, you're going to miss on that. Okay?
Speaker A
Let's move forward. So that's what the next hour looks like. A framework you can use forever, a system for finding winners, basically the ability to evaluate any company on your own, including a live demo on a real portfolio, and the name of the
Speaker A
stock, I think, is a massive opportunity right now, okay? This is the whole layout on the screen. We're going to do this for the next hour, and we're going to have a lot of fun doing it, okay? So let's start with why most
Speaker A
investors... smart investors, well-informed investors keep leaving money on the table despite knowing more than enough to succeed. Put it in the chat. Why do you think most investors do that? Put it in the chat, I'm curious, okay?
Speaker A
So a few months ago, I opened a small group. This group is called the Inner Circle. The price is $20,000 a year. And members inside it have portfolios from a million all the way up to 13, 14, 15
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million dollars, okay? This group is now full, it filled up fast, it's oversubscribed, we have a waiting list into the next millennia, and then basically what happens is that the email started, right? Not from people trying to get into the inner circle, but
Speaker A
from people asking a different question. Tom, is there anything in between? I can't do $20,000 a year, but I can't keep figuring out how to do this alone. I need you to, you know, to look at my portfolio. I need to have you
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on speed dial. I need somebody who I can actually talk to who knows what the hell they're talking about. I need you to look at my portfolio and help me build a plan. Do you have something like this? Right? And I got this
Speaker A
email enough times that I started kind of building this answer in my head. I was like basically saying, well, you know, this is a gap that nobody else is filling. And basically what I thought is, Hey, In my world, you had three options, right? Watch YouTube for free,
Speaker A
which is fine, but you're on your own. You can obviously join my academy where we have 34,000 members, which gives you the information, but doesn't look at your specific portfolio. That's not what it designed to do. It's all about principles. Or you could
Speaker A
have joined the inner circle at $20,000 per year for the full one-on-one relationship, but there's no middle option. No way for serious investors managing, you know, 100,000, 150, 200, 300,000 to get a plan built for this specific situation,
Speaker A
to have their work checked every quarter and to get ongoing access to how I actually think without committing to the full inner circle, right? And that gap is what I've been building for the past several months. And what I'm going to walk you
Speaker A
through today is the result. I'm not going to pretend today is purely educational, okay?
Speaker A
You're smart enough to know that's not true, okay? This is a launch, and at the end of this hour, I'm gonna tell you what I built, who it's designed for, how much it's gonna cost, and how to get in if it makes sense
Speaker A
for your situation, okay? But everything I'm gonna teach today, the framework, the portfolio review, I'm about to walk you through, all of this is real. The same thinking I use on Palantir, the same thinking I use right now for the Inner Circle. You're
Speaker A
not getting this watered down version. You're getting everything in today's masterclass, okay? You're getting the actual thing, okay? Whether you book a call with my team or not, you're gonna walk out here, with massive value. And that is my commitment. I
Speaker A
promise you that you're going to walk away with a lot of value, no matter what happens. Okay. Now let me show you what most investors get wrong and why more information is not the answer. Okay. This is called the
Speaker A
information trap. Okay. So think about it this way, guys, the default assumption, the one almost every serious investor holds is that, well, if I consume enough good information, I will eventually become a great investor. More videos, better newsletters, more,
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I'm gonna sign up to this group and that group and this group, and smart analysis, another podcast, another book. I'm just gonna learn so much, I'll have what I need to make the right decisions. I believe that too, for a long
Speaker A
ass time, okay? And if you have more information than any generation of investors in history, that's a fact, right? Your grandparents read the newspaper. Okay, they traded stocks literally pieces of paper, right? You have real time data, global analysis
Speaker A
for free, right? So let me ask you a question and I want you to be honest with yourself, right? Are you more confident now than you were three years ago? Most of you are not more confident now. You're more informed and the market
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did good for you for the past three years. You probably made more money, but are you more confident By the way, the confidence is gonna be tested, not when the market is great. Your confidence, you know when it's gonna be tested? It's gonna
Speaker A
be tested when the market pulls back 20, 30, 40%. That's where your confidence is gonna get tested. If I ask you who wants to be a tuna fisherman, and you're answering this question sitting on your couch, in your air-conditioned couch, in your heated
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salon, that's a different question if I actually have to take you out to sea and see if you can actually make it as a tuna fisherman for a couple of weeks, right? That gap, is a huge gap, right? And that gap is literally
Speaker A
the gap between information and confidence. That's the most expensive gap in investing, right? Finding out you're not a tuna fisherman as you're midway through the journey on the boat is not a good situation to be in, right? This is where panic sets in.
Speaker A
Like, money, I want to go home, right? This is where, you know, you lose money. More information does not close that gap. More information, ironically enough, crazy enough, widens that gap. It makes it bigger. It doesn't help you.
Speaker A
This pasta of information does not help you. Okay. Now, let me give you an analogy of, it's going to make it super clear. Okay. Imagine the store, right? So let's think about a store, right? And inside the store is everything you need to
Speaker A
manage your portfolio with the outmost conviction, like my Palantir level conviction, right? You've got the screening system, the allocation model, the exit protocols, the personalized plan, all of it. Okay. There are different ways to interact with that store. I think you
Speaker A
would already agree with me, right? There's different ways, right? You can be outside, right?
Speaker A
And you could be looking through the glass, right? That's literally YouTube, right? That's free content. You can see what's inside. You can glance, right? You're going to learn for sure. You're going to become significantly better as an investor from,
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you know, somebody who doesn't even have that view, right? But you're not gonna touch anything. You can't take it home, you can't get anything customized for your situation. That's free content. It's valuable, but it's limited and that's just part of the design, right?
Speaker A
It's designed to be, right? Then you have the next, which I call is walking the aisle, right? The next level is walking the aisle, right? So you're inside the store, you get the daily newsletter, the weekly classes, the community, you're surrounded by information
Speaker A
up close in real time. That's my academy, right? And that's where nobody will tell you is that the problem with this model is that if you have a $50,000 portfolio, you get the same information, the same treatment, and the same tools as somebody with a $500,000 portfolio, right? A
Speaker A
28-year-old gets the same treatment, somebody who's 62 years old, right? One is super growth.
Speaker A
The other one is preservation and protection, right? Everyone walks the same aisles. Nobody stops, looks at you and says, hey, based on your situation, here's what I think you should actually read and you should educate yourself on, right? That's not a flaw in
Speaker A
the subscription model, right? That's just what subscription is, information at scale. But this is the problem. The problem is that there's the financial advisor.
Speaker A
Now the financial advisors, I don't mean to disrespect them, right? But I call them the generic greeters. You know the guys who walk up to you in the store and they're like, oh, what's up? Do you have a problem?
Speaker A
They want us to help you out. You're looking for something specific, the annoying salespeople.
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Like that's what, in my mind, in my opinion, that's what financial advisors are, right?
Speaker A
But the only problem is that that greeter in the store makes a commission, right?
Speaker A
These guys also make a commission. Actually, they make 1%. And as I told you, in $300,000, that's $3,000 annually or, you know, on a $500,000 portfolio, that's $5,000. That's a lot of money. And his income depends on your money staying parked with him. Every time you bring up real wealth building
Speaker A
move, like buying property, buying, you know, paying off your mortgage, starting a business, they're losing money. So the advice is always going to be lean forward into whatever keeps the money going on their commissions, right? They want to sell their products, et cetera,
Speaker A
et cetera, in my opinion, right? You're going to pay somebody to walk you through the aisles, but they're not looking at your specific cart. They're looking at a script.
Speaker A
And after 20 years, you walk away without a skill, without a system, without a process. I don't think it's that valuable, right? Now, I want you to imagine something absolutely different, completely different. And here's what it is. Imagine someone who
Speaker A
built the same system I use for Palantir, the one that found the misunderstanding, the one that held through the volatility, the one that led me compound from $6 to now, I don't know, $130. And that person sits down with your portfolio, every
Speaker A
position, every allocation, your specific situation, your time horizon, your risk profile, and they walk you through exactly what they would do if they were in your situation. Well, this position might be over concentrated. Here's why. This sector might be overweight. Your goals do
Speaker A
not fit what you have right here. This is a weakness. This is an exit criteria. You need to trim this. You need to add here. You need to double down here. And every 90 days, they sit down with your portfolio again and tell
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you, hey, what changed? Okay. That is no longer information. Now we're talking about implementation. Okay. That's somebody taking the system off the shelf and using that system to build you something for you, something real, for yourself, for your
Speaker A
portfolio, for your goals, for your life, right? That's the actual thing that does not exist in the YouTube to newsletter to Academy pipeline, okay? No one in that pipeline is looking at your portfolio and building you that plan, okay? So let me
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put it as directly as I can, right? Information tells you what's possible. Implementation builds you exactly something that you need for your portfolio your position not theory actual real tangible things and one of those you've been getting for years that's
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the youtube description model right the other i've never seen actually that's why the whole story about this started from this understanding that this gap exists right now i want to show you exactly how i think about this so you can see for yourself
Speaker A
why this is different from anything else you've ever done okay check this out what are the three questions Okay, every investor must answer. Okay, I want you guys right now to test you in the comments. Nobody's gonna fail, okay? Nobody's
Speaker A
failing this, don't worry. Okay, what are the three questions every serious investor must answer, okay? In order to select a stock, build a portfolio, all of this, okay? Put it right now in the chat. What are the three questions you have to ask yourself? I want to see.
Speaker A
So the three questions that every investor has to ask themselves are, okay? Let's see what you have. How much risk can you take?
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Okay, how much risk? Okay. Do I like the stock? When do I sell? Why am I buying it? How much money am I willing to lose? Right? Good. Okay.
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All great answers, right? Now, What I want to do here is I'm going to take a real plan I built for a real Academy member.
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I'm going to walk you through what it looks like when someone applies all three questions to a specific investor, to a specific situation. You'll see exactly what it looks like, right? So let's start with the questions, okay? Number
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one, find the misunderstanding, you'll find the money, okay? That's the whole thing. Like I said in the beginning of this, you recall my statement in the beginning, find the misunderstanding, find the money. Okay. Every single multi-bagger in history. Okay. Had this pattern. The market is pricing
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in one story. The company is becoming something else. The gap is money. Palantir was called the consultancy, right? The market priced it as a consulting firm, Tesla with the cars. Oracle with the database. Every time you find a company that the market has
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pigeonhole into the wrong story, ka-ching, money's made. You just have to know how to see it. And that's where the three questions come in.
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Question number one. Let's see if you guessed it correctly. Question number one. Before I put a single dollar into any stock, any stock, I have to answer this question with conviction. And the honest version of my process is more
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rigorous than anything you've ever seen on YouTube because I'm not trying to make a video. I'm trying to make a decision here, right? So here's what it actually looks like. Five gates a stock has to pass and it has to pass all five
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before it's even a candidate, okay? Question number one is, is this stock worth owning?
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And in order for me to answer this one question, a stock has to pass five gates. just to show you how elaborate this work is.
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People say, oh, stock picking is easy, bro. No, it's not. It's not. Oh, company analysis is easy. No, it's not. We're talking about one out of the three initial questions. And the one out of the three initial questions has five sub-questions, okay?
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So let's do them, okay? First gate, number one, gate number one. Okay, no BS rule. What do I mean by this, okay?
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And it has to pass two out of these three for the first gate. You see the three tests? Two of them have to be met in order for a stock to pass. Okay? Number one, is the revenue growing,
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not forecasted, actually growing over the past three years? Okay? Number two, is the company profitable? Not adjusted EBITDA profitable, actually profitable.
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Because let me tell you one single most important line I've ever learned about financial analysis. Cash is fact. Profit is an opinion of an accountant. Adjusted profit is a fart in the wind. I do not base my investing decision based on farts in the wind. If you're looking at
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adjusted numbers, you're looking at a number somebody made up to make themselves look good.
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You look at free cash flow. Adjusted free cash flow is not free cash flow, right? So everything that has adjusted before it, ignore, number one, okay? What you wanna be looking at is the actual free cash flow. What's the bank account at the
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end of the quarter, okay? Three, do they have more cash than debt? Because here's the line, very serious investors must internalize, right? Debt is prison, cash is freedom. A company with more debt is in prison.
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A company with more cash they can do whatever they want, right? If a company doesn't have freedom, then it's a problem. So two out of these three have to happen. The company preferably needs all three. Revenue is growing, the company is
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profitable, and they have more cash than debt. That's perfect, perfect. But I'll accept two out of these three in order to gate the stock into gate number two. Okay?
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Gate number two is going to look at the rule of 40. Now the rule of 40, for those who don't know, the rule of 40 is basically designed to check the reality of the company. So what we look at is the percentage of
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revenue growth plus the actual free cash flow margin. And if the total number is 40 and above, the company is considered wonderful. Ideally, 20% revenue growth, 20% free cash flow margin would be rule of 40 perfection. By the way, Palantir has
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like 140. Not surprised, right? The beauty about the rule of 40, guys, is that within 30 seconds, the rule of 40 is going to tell you everything you want about a company. In 30 seconds. Revenue growth, 25%. Free
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cash flow margin, 25%. Rule of 40, 25 plus 25 equals 50. Wonderful, great company.
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No company with a rule of 40 or 50 is a shit company. It just doesn't happen. It's very, very easy to use this test. That's why it's so popular.
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And of course, gate number three. Gate number three is the mode. And here's where I actually use this. I call this the Chinese engineering question.
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Think about it this way. If a Chinese company, no offense to Chinese companies, yeah?
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But if a Chinese company throws 20 engineers at every single one of my engineers, can they copy what I do, right? And if the answer is yes, eh, you might have a problem. And that's just what I call engineering mode. But there's so
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many examples of modes. It's not the only mode, right? We have branding mode, data mode, right? There's switching cost mode, network effects mode. There's six types of modes that the company can have and the best companies in the world, as you can
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see here on the screen, have more than one and two and three of these modes combined. The best companies in the world have three or four, okay? And that's how you spot a great business, okay? Gate number four, four out of five, the
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CEO filter. I will never ever invest in a company where I'm not fully have a man crush on the CEO, okay? That's a hard rule because bozos hire bozos and superstars hire superstars and the bozo CEOs are going to hire bozos and I'm
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not into that, right? We're looking for track record of execution. We're looking for somebody who has skin in the game, a founder preferably, or at least somebody who's been there for 10 plus years, right? We're looking for somebody who is actually a believer
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of the company, right? A CEO that's high level, right? High quality, top CEO. And then gate number five, the valuation, right? And here's where I kind of contradict a lot of investors. I think that with growth companies, when it comes to technology,
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a lot of this DCF valuations are kind of a myth, okay? Anybody who tells you you can DCF a tech company with a high growth number, not really. I mean, you can't really use a DCF on growth, right? You can use it on
Speaker A
stocks with predictable Numbers like a target or Walmart. We know exactly what the free cash flow is gonna look like right? So It's it's not gonna work for growth.
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So what I do is like I'll run the DCF But because I know the DCF has holes in it when it comes to growth for me even the bear case of the evaluation must be very attractive if a company is to fit into
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my portfolio, okay, and now we have the five gates, okay, if all five passed and The stock earns a spot in my brain, in my thinking. Okay?
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And here's what I want you to notice. Question one, is the stock worth owning is a universal question. These five gates apply the same way to every investor on the planet. 25-year-old, 65-year-old, somebody with $50,000 portfolio, somebody with $5 million portfolio. The gates do not care who's asking. Okay? Which
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means... is super important question one is the one you can theoretically learn yourself study the framework do the work apply it yourself apply the gates and can you build the skill yeah would it take years also yeah but it's learnable right
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now i want you to hold that thought because it matters when we get to question number two okay let's go to question two question two how does it fit my portfolio okay and This is the question that almost nobody talks
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about because everybody wants to talk about stock picking this stock picking that exciting dopamine, but stock picking is actually the easiest part of investing. Portfolio construction answering question two is where fortunes are made. Not so much in the stock picking.
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Right. So here's what I mean. Say I told you, like, for example, that a specific stock is worth owning. Right. It passed all the five gates in question one.
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Great. Okay, now how much of it do you need in your portfolio? 1%, 5%, 10%, 20%, 40%? Should you buy all at once? Should you dollar-cost average? How does it even fit with the stocks you already own? Are you doubling down on the sector where you already have
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overweight positions in? What does it mean for your risk profile, for your age, for your distance from retirement? does this position even replace anything else does it have an overlap can answer any of those questions from this stage not because i don't know
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is because the answer depends on entirely who's asking the freaking question a 28 year old with 35 years to retirement and aggressive risk tolerance or a 58 year old seven years from retirement and preservation right same stock same question one answers
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completely different question two answers me show you the variables that determine the answer right so you can see how this is categorically different than a question number one okay so i call this the core satellite model right i talked about it in my
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academy multiple times this is how i view portfolio structuring and it's super important right most serious investors and you'll notice this who actually own individual stocks and they they should run what's called the core satellite model. The core is the S&P 500
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ETF, whether it's the SPY or the VOO, doesn't matter. And then around the core, we have satellites. These are the individual high-conviction stocks orbiting the S&P 500.
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Now, the reason is because I told you earlier, the S&P is a freaking cheat code. It has built-in mechanism that makes it undefeated. And when half your portfolio know isn't this before hundred your life is going to be much easier
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as an investor right for most investors I'm going to be honest with you the right split is 50 50 50 percent core 50 percent satellites right now for some investors who should not be mentioned here but the definitely some of the investors seen who I put in the 75 percent
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core 25 percent satellite category but basically I think that the equilibrium point is at 50 50 right Here's the brutal truth. Every individual stock, even though it has to justify its place, but how many of you have asked
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yourself this question? If I'm adding this stock to my roster, who am I taking out? Or whose place am I taking it?
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Well, you're taking the place of the S&P 500. So for an individual stock to justify displacing the S&P 500, it means it has to offer twice the upside at minimum for the next 10 years compared to the S&P 500. Otherwise, the skin isn't
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worth the game, right? The individual position has to be significantly better, potentially, than the S&P 500. That's a fact, okay? Now, when this...
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satellite position happens within this portion. Every position gets size based on conviction. It cannot be done based on enthusiasm or because you feel good about it or because you saw a post by Tom Nash. That's not how it works. It has to be
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conviction. Now, conviction is an elusive term, and I'll be the first one to admit it. It's not the easiest to understand, right? So two variables determine conviction. How strong the thesis and how strong the moat. The stock that passes all
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five gates in question one, which was to talk about, flying Carlos rule of 40, multiple moats, the CEO that's a superstar, all that, right? A stock that passes, but it's borderline on valuation or has, you know, a little moat. And that's probably a
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smaller position. And obviously there's a ceiling. No single individual position should be so large that it takes over your portfolio. Okay. The goal is kind of to find the balance. Now, For most investors, hear me out here, for most
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investors, though not all investors, for most investors, the right maximum on any single satellite position is somewhere between 5 and 10% of total portfolio value. Okay? But honestly, the exact number is more based on your specific situation. Okay? Now, let's
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move forward. Let's add one more variable. Okay. Now think about it this way. No single sector should dominate your portfolio. I think you should agree with me. We just established this, right? And what about defense? You know what they say
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about defense? Defense wins championships, right? What about defense? Every portfolio needs bonds. Yes. Even if you're 25, yes. Unfortunately you do, right?
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So if you have to have defense to win championships, why nobody of you have bonds in their portfolio? Nobody, nobody here have bonds in their portfolio. Why?
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Most of you missed this important rule. Bond allocation isn't based on your age, right?
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It's based on your distance from retirement because essentially what matters is not how old you are really is how many years you have before you need the money. So, a 25-year-old, you can get away with 10% bonds. A 40-year-old, now we're talking about
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a much higher allocation. A 60-year-old, probably a whole different allocation. Different math, different answers, all depending on you, right? So, I also want to talk about this.
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Why most of you are so concentrated on tech, right? Like, you have energy, financial, healthcare, like, why everybody here have so much concentration in a single sector. Okay? Now, I'm not saying don't do it. I'm just asking the question, are you aware of this? And is this a conscious choice?
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Because if this is a conscious choice and you're saying, yes, I'm fully concentrated in tech because A, B, C, D, E, F, G, that's fine, right? But I bet a lot of you don't even realize you're highly concentrated. You don't have energy, financials,
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healthcare, etc. And you know, it's not a conscious choice. It just happens. Right? So that's something... that people don't also address and it's a brutal truth to admit, right?
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So here's the punchline and I wanna really kind of talk about this. Question one is, okay, is this stock worth owning, right? And I think you can theoretically learn this pretty easy, right? That's my no bullshit rule, the rule of 40, the
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mode test, the CO filter, the valuations. These are pretty much universal frameworks. You could study them. You could build this over a couple of years and learn the skill.
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And I just gave you the foundation. So you're pretty good in five minutes. Question two is how does a particular stock fit my portfolio? You cannot learn.
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Not for me, not from Warren Buffett, not from anyone on earth, because question two requires knowing you. Okay, your specific portfolio, your specific goals, your specific timeline, your specific risk tolerance, your specific position, your distance from retirement, your
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specific income. I can go on all day. Okay, every variable I just name dropped has to be applied in order to structure the core satellite split for your specific portfolio. When you're watching YouTube videos, YouTube videos do not know your
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portfolio and your risk tolerance and your distance from retirement right and that that is what a plan is a plan is question two answered not question one specifically in writing for your exact situation it's not some framework you can
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apply yourself it's a document built by someone who has been inside your portfolio Reviewed your positions, understood your goals, walks you through exactly how every stock fits into your specific life. And remember the three positions I gave you at the beginning of this masterclass. S&P 500 only,
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right? If that's your route, question two is irrelevant. Own the index, go right ahead. If you are a pure index fund investor, you do not need question two. That's the beauty of investing strictly in the S&P 500. By the
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way, it's not a bad choice. Okay. Option number two, you are investing in individual stocks without a plan. So you're basically ignoring question two, even though it's the most important question in your portfolio. which is why 90% of return investors end
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up losing money in the stock market. Yes, after even a few good years, eventually that's what happens. Okay. Or you can invest in individual stocks with a plan, which means answering question two and that, and only that is the only path that
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leads to compounding wealth with individual positions. Okay. That is the third option. It's the only one that works and it can only exist in the form of a plan. Okay? Now, how many of you ask these questions? When do I hold? When do I add? When do I trim? When
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do I exit? I get these questions every day. Tom, you talked to us about stocks, but you never told us when to sell. Of course I have. I have all the rules and framework, but it's a very personal decision, right? So once you
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own the stock and it fits your portfolio, The market does what the market always does. It moves and sometimes 30% in a week, sometimes 200% a year.
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Sometimes everything drops at once like an elevator. What do you do? Now I told you earlier, fewer than one in 10 investors actually have a written answer. They have gut feelings, hopes, dreams, emotions. They don't have rules. And here's what
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I want to tell you guys. The investors who do have rules are are the ones who actually compound wealth decades and decades and almost never ever sell, okay? So the core philosophy for me is never sell almost. I call it
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never sell almost. I know it's opposite, it should be almost never sell, but I'm Russian, so I get to make syntax mistakes and have bad English, okay? So here's the thing, I would never sell a stock if I don't think the thesis
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has deteriorated to the point where i no longer want to be a shoulder it's not about the price it's about the pieces if i'm into the stock i'm holding no matter what the prices if i'm no longer into the stock i'm
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getting out no matter what the prices you notice what happened the price is irrelevant the price is never a reason to buy or to sell it is never ever ever the reason the reason is Is the thesis intact or not? The price should
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never be a consideration in your owning or disposing of a position. Now, before I go any further, and this is like one of the most confusing things in investing, right? Thank you for forgiving me for being part Russian. I appreciate
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it. So before I go any further, guys, selling and trimming is not the freaking same thing. selling and trimming are different things with different rationale when i sell a stock when i liquidate a position that means i no longer believe in
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the company when i trim a position it's all about risk management i can be the most bullish on the stock but i will still trim if structurally that's the right thing to do from a risk management perspective even if i'm super bullish on
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the stock trimming nothing to do with being bullish or bearish on a stock selling does that's a very important distinction okay now i want to talk to you about concentration okay i think a lot of this risk gets built up because people don't
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understand how concentration actually works okay and so when a business has changed in a way that you know no longer is attractive you as an investor you sell it it's easy right but what about one of your winners growing so much inside your portfolio that it is now 70%
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of your portfolio and it has created a massive concentration risk you've never signed up for, right? You've never said, hey, I wanna be 70% in the stock, right? You've never made that decision. It just kind of happened, right? So here's what I mean,
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right? You build this position over time through slow, painstaking DCA and then it's 5% of your portfolio, but then it runs and it runs and it runs and it runs. And then let's say it's like 25. oh my goodness this was a five
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percent position now it's a 25 position it's a very different risk profile at 25 than it was when it was five not the one you signed up for oh one bad quarter for this company one sell side analyst idiot downgrade one earnings miss
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you know and suddenly you're in the wrong direction buddy right the business hasn't changed the thesis is still intact you still want to own the company but the position itself has become a risk concentration that doesn't match the plan okay so what do
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you do okay you trim you don't panic sell okay you trim you don't become bearish you trim you shave the price off okay you still own the company you still benefit if it keeps compounding but you reduce the
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amount of damage you're going to take if this thing goes tits up That's it.
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That's the whole move. And here's the part I think most investors miss. Trim money, like what they do, you know what people do with trim money? So they trim, you guys want to guess in the comments? When people trim to reduce risk in
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the stock, what do you think they do with the money? I've seen this so many times when I was DMing with people. You guys want to know what they do with their money? You want to take a guess in the comments? I want
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to see if you'll figure it out. What do people do with the trim money?
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Let's see if you understand what's happening in the real world. By the way, not going to happen to anybody here at InvestorCast because I'll explain what they do. I wish they would invest in the S&P 500. I wish. I wish. I
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wish. What they do is they spend it. They buy expensive cars or plastic they don't need and they spend, spend, spend, spend, spend this money like there's no tomorrow.
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Spending it on things. They buy something. Okay, that's what they do. Trim money does not go to buy Lamborghinis or Ferraris. Trim money goes back into your portfolio. It goes back into the same stock you just trimmed through a slow
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DCA system. Into the bonds, the SP funded, everything. So when you trim, this money gets redeployed back into your DCA pool. It doesn't get spent, you know, on plastic.
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I want to show you these five principles right now on the screen. Take notes.
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Super important, guys. Super important. Take notes. Okay. One, if the company is still excellent and the position is still reasonable, hold, do nothing. Easy.
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Two, if the company is still excellent, but the position has become stupidly large, trim, not because you're bearish, but because you're managing risk.
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Three, if the thesis is broken, that's a whole different than Chalata, and the answer is probably sell. Okay. Four, if the stock is down because of noise, general market sentiment, but the thesis is still intact, you buy more, you do not
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trim. Five, if the stock is up so much that portfolio risk is distorted, trim. Very, very simple principles that you have to follow. Now you're starting to see how a plan makes your life so much easier. It's like, oh my God,
Speaker A
Tom, if I only had these rules, my investing life would have been so much easier. You haven't seen nothing yet. That's not even the plan. That's not even the beginning of a plan. That's just kind of some core principles put on the screen.
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If this makes you kind of say, oh my God, this is really helpful. Bro, you have not seen what a plan is. This is nothing. Wait for it. Wait.
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Okay. I'll show you in a second what a real plan looks like. Okay. Now I want to take it one step further. Okay. Check this out. So when you make a trading call so a lot of people think they're investors and then they
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make a trade and they're like oh you know i'm gonna i'm gonna sell this stock cool you sold the stock and then the stock flies up oh my god what do i do what do i do right do you jump back
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in do you wait through corrects and then it jumps another 100 then you buy finally and then it crashes or let's say you called it correctly and then the stock that you just sold crashes. Do you buy or do you wait for
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further crash? There's no end to this. When you make a good call, the second call went to jump back in or jump out, it's just as gambly as the first one. There's no way to repeat this again and again and again. It's not
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repeatable. It's a casino. You can go put your money on red and you can win once, twice. Not repeatable, right? And if you're sitting out of the market, what happens? Boom. 10% sorry 10 worst days sorry 10 best days in the
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market in over 20 years that's a 50% loss. So there's no there's a huge cost to selling out of panic and waiting outside. Massive cost okay. Massive cost.
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Nobody wants to tell you this math. So here are some bad reasons to sell.
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Stock went up. Stock went down. Macro bad. President bad. President good. couple of bad weeks I'm just gonna wait for clarity and I can go on all day about FOMO and panic all this shit is why people destroy their portfolios
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portfolios get blown up not because of corrections it's because how investors react to corrections it's very very very simple okay but Tom what should I do when something goes wrong Well, I classify the news into three categories. Noise. Down day, bad week, scary headline. Who gives a fuck, right?
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Green. Temporary pain. The company missed some earnings a little. There's some little headwind. Okay.
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Understood, right? We can write it out. The thesis is still not broken. That's okay.
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Yellow. Oh, we have a serious issue. Number three. Fraud, accounting scandals, the CEO leaves, the business collapses. sell the fuck out of the stock, okay? When it's number three. Has nothing to do with how much you made or lost. Once you
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don't want to be in the stock, bye-bye birdie, okay? Very, very simple. It's not about the price. It's always about the thesis, okay? Now, I want to talk to you about the binary decision, okay? And what I call the 47-second protocol,
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okay? When the thesis is broken, my relationship with the stock ends. And it takes about 47 seconds for me to do it. Don't care if it's Palantir or Tesla or my mama's stock or my father's company. The minute the thesis
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is broken, I have 47 seconds to lose that stock. Okay? It's over. Okay? Simple. And it's something that you write on paper before it happens. You pre-commit to this before you even buy a stock. You're saying, hey, if this happens,
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if Alex Karp leaves Palantir, I'm selling. If Elon Musk leaves Tesla, I'm selling. Okay?
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Okay? Now you can figure out where this 47 second rule comes from, but... Hey! Hey! Okay, so the three questions brought together. Okay. Is this stock worth owning?
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That's universal, guys. It's learnable. Five gates. Easy peasy. You know? Number two. How does it fit my portfolio? Personal, not learnable. Only answerable by a plan built for your specific situation. When do I hold? When do I add? When
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do I trim? When do I sell? Universal in principle, but specific answers only come from the plan, if you really think about it. So two out of these three questions, they're very, very portfolio specific. Okay, they're not universal.
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I've given you the theory. Let me show you the practice. Now we're getting to the interesting part. This is getting exciting. I want to show you the practice. In the words of the great Allen Iverson, we're talking about practice? We're talking about practice?
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Because what I'm about to walk you through right now is a real portfolio review for a real Academy member and you're gonna watch me answer all three questions for his specific situation, you're gonna see what a plan actually is, not some sort of
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a concept, not a PDF document, okay? You're gonna have to remember the three options I gave you in the start. S&P 500, keep donating money to better investors or get a plan. What you're about to see is option three. Let me
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show you what a plan actually looks like, okay? A real portfolio plan built by me. You guys like the picture? Serious, Tom. Okay. So I told you I was going to show you what a real plan looks like. Okay. I'm going to do it right now. Here's what I did.
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I reached out to a member of my academy. His name for the sake of the presentation is going to be Jason. That's a fake name. But just so we can talk about him in a human way. And... You ever seen Rick and Morty?
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Human Radio. And then I asked him if he'd be willing to let me build him a full portfolio plan and share the results with you guys. And he agreed.
Speaker A
Okay. So let's see. Okay. Let's get to the... This is... Okey dokey. Let's do the review, guys. Okay?
Speaker A
We're talking now about Jason's portfolio. So... Whoa. Hold up a second. Something crazy happened with my computer. One moment.
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One moment. Okay. That should be better. Apologies. We... with the technical difficulties, I'm not the most technically savvy guy. Okay, you guys see the portfolio on the screen right now? Can you confirm in the chat that you can see the portfolio where it says investor profile, okay?
Speaker A
So Jason, fake name, Jason is a 35-year-old male. Jason is 20 years from retirement.
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in his plan, he wants to retire at 55, right? He earns 80 to 150K a year, depends on the year. He has kids and he has $190,000 portfolio across 13 holdings and his monthly dollar cost average contribution is $1,750,
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right? I call Jason a tested investor with a crack and get your head out of the gutter not that crack. He's not a plumber. His crack was that he actually sold a little bit in the Ukraine war scare. Okay.
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But he held through 2022 and bought more. So he is what I call a seasoned investor. Okay. Okay. No crack jokes in the chat.
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So before, that's something that I have to make it clear. Before we put a single dollar into a portfolio, Before we put a single dollar, we have to put enough funding into your emergency fund. Because guess what? Even though
Speaker A
your emergency fund has nothing to do with investing, if you don't have 12 months of an emergency fund laying on the sideline and the market goes south, you're gonna have to be selling a lot of discounted stocks on cents on the dollar to
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pay for your lifestyle, okay? So step number one, do we have a fully funded 12 month emergency fund? For his, the answer was no. We're lacking about 50%.
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Does he have high interest debt? He has a 4% car loan that doesn't count.
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No major credit card debt. Then we can move on to number three. Did he max out his tax advantage accounts? 401, ZRA, et cetera, et cetera. Partially. So no, he still has to fill them up before he invests a single dollar in the
Speaker A
stock market. Then we asked Jason, hey, Jason, do you have any upcoming expenses that you know of that are coming up? And he says, yeah, I'm getting married, et cetera, et cetera. Well, how much money you have on the sideline? For that, zero.
Speaker A
Okay, well you have to earmark some money for that because if the portfolio fails and you have to sell stocks to pay for the wedding, it's gonna be a problem, right? And only after that is done, he'll get to invest actual
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dollars into his portfolio, okay? Only that. Now, the main gaps in his portfolio obviously are the emergency fund, underfunding at about 50% of where it should be, not maxing out his tax advantage accounts. Now I want to say something here, very, very important. The government is giving you free money.
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Tax advantage accounts are free money that are donated to you by the government so you can behave like an adult. Okay?
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Free money. If you're not maxing out your, what should I call it? Your tax advantage account. Hold on a second, my mic is acting up. If you're not maxing out your tax advantage accounts, then you are leaving money literally on
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the table. Okay. And that is silly. Number two, his current portfolio was 0% bonds, unacceptable. We want him to be up at 20% based on his age, only 2% in the S&P 500. We want it up to 35%. And he had 64% in individual stocks where that number should have been
Speaker A
at 45%. And instead of the S&P 500, he had a big tech fund called the LNG and that was at 33%. That has to be liquidated and swapped with the S&P 500, okay? Essentially, what needs to be done in his portfolio is sell the LNG tech fund, replace it
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with the S&P 500, take bonds from 0 to 20%, reduce individual stocks from 64 to 45%, and build up your S&P 500. All of this could be done with the money from liquidating other positions. That's the beauty of the system, right? By
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selling some of the other stuff that we have here, what we can achieve essentially is a pool of money to execute all of these things. Now the plan is very, very simple guys. If he's going to donate, you know, into his DCA fund,
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$17.50 a month, $8.75 gets deployed and $8.75 does not get deployed. It becomes dry powder, right? And then he only deploys 50%, right? S&P funded is number one, first and foremost, that's the anchor. Your first money and the biggest
Speaker A
portion, as you can see, goes monthly into the S&P funded. That's $350. second because they're completely at zero that's 263 and we allocated the extra money to his two best positions which is tesla and amazon which are underfunded they're underweight in
Speaker A
this portfolio 131 each he also has palantir nvidia g renova all wonderful companies but already above their target weight okay so what you do is you build up your laggers you don't build up the stuff that you already have allocated
Speaker A
correctly So that's Amazon and Tesla he needs to bring up. And then we basically said, look, this is your plan. Anytime the S&P goes 10% below the 52-week high, well, in that situation, you double down. And double down doesn't mean double the amount.
Speaker A
It actually means triple the amount. It's 350 plus 350 plus 350, so $1,000.50. And anytime the S&P goes up, you stop doing that. With individual stocks, the same methodology, but instead of 10%, the threshold is 20%. Every time a stock that you're doubling
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down into drops 20% below the 52-week high point, then, for example, if it's Tesla, instead of $131 a month, you deploy $393 a month, which is 131 times 3, okay? You choose this plan once. You choose the threshold once. You can never move
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the goalpost. And there's also another rule. If a stock rises 20% or more over the course of 30%, 30 days in that case you double down at half of the half speed which means 50% of your 50% as long as it stays in euphoria mode okay and
Speaker A
then what we basically have is this evaluation okay LNG right now essentially is a fund that is kind of a Exaggerated S&P 500. It's like tech heavy S&P 500. The job of the S&P 500 is to mitigate the aggressive names he has,
Speaker A
right? Palantir, the Nvidia's, the Tesla's. So we said, okay, goes away, replaced with the S&P 500. Palantir, the scorecard gave us 125, no surprise there, obviously, but you still trim. Why? Because it's up 130% on Palantir. Even though
Speaker A
Palantir has a great score, But because he has 130% of gain, he has to trim. Givernova, 130% gain, he has to trim. Nvidia, 40% gain, that's below 50%, we're not gonna trim. Netflix, he has to monitor this position,
Speaker A
we're not huge fans, but we kinda live with it. Tesla is at 40% gain, that is underweight, only 5% of portfolio. So we're gonna add to it instead of trimming. Vertiv, at 56% gain. trim a little bit because it's about 50 so far
Speaker A
it's underweight but it also is at 12 gain so you just hold it lumen failed the scorecard at 35 to 45 out of 125 with dca out of lumen and amazon is plowing through it with a high score of 95 and a 65
Speaker A
and amazon is the prime example of what i want to show you guys does anybody feel confused by what we have the verdict for amazon hold plus trim Does anybody feel confused about this? Hold plus trim plus add. Anybody's confused?
Speaker A
Think about it. Hold on, I'm adjusting my mic. Okay, hopefully that should work. Okay. Anybody confused? Right? do you mean hold plus trim plus add Tom? it's not a mistake it's not a mistake I'll explain it in a second if my mic actually starts working there are the boom arm okay so
Speaker A
trim and add can coexist oh my god what how okay show that mic who's boss world can trim and add coexist on the same stock i'll explain my trim rule says 50 profit trim 10 100 profit trim 20 150
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profit trim 30 so amazon is up 65 which means the 10 rule gets triggered automatically it's not a discretionary decision 10 trim is mandatory for amazon at 65 unrealized profit however amazon is only at 3.3 weight and it is an underweight position which means you have to
Speaker A
add to bring up the percentage of amazon because it's a very high conviction stock for jason myself as well so you have to add into the stock because they're trying to bring up the position but you're adding slowly through a measured dca over
Speaker A
the course of 12 months while the trim happens Immediately today at 10% of the car price so trim and add can coexist Okay, it's not a contradiction. That's the beauty of it You notice that I put three exclamation marks next to add because I wanted you guys reaction I was like
Speaker A
no it cannot be right for Jason. It's up 65% Okay, if he is up 65% on Amazon he has to trim but also if he wants to bring up the weight and has to add slowly through DCA so while the
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trim happens today it's going to trim 10% today the addition might take a whole year okay you guys understand the difference in how it works you guys may finally understand the beauty of having a plan and how the impossible made
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possible okay okay now of course his best positions are Palantir Nvidia and Tesla no surprise there And of course the worst positions are Lumen, which failed the test and LG Global, which needs to be replaced with the S&P 500, right? Basically, this is what his
Speaker A
portfolio needs to look like. 20% bonds, 35% S&P 500. And then he needs to have enough dry powder to double down and an emergency fund that has 12 months.
Speaker A
If that setup gets built by Jason, then if we hit bad times in the next few months, maybe in the year, when the market drops 40%, His portfolio is only going to be dropping 25%. So right now we keep him at a
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very aggressive stance vis-a-vis the market. He's still going to make a lot of money from the market, but he's now insulated from 40% down to 25% in case of a drop. Okay. That's the beauty of this. So we have the core position, the
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anchor, which is the S&P, the bonds, which are the defense, the high conviction individual stocks, which is Palantir and Tesla. And then we have the standard, the Nvidia, GEV, Amazon. And then Netflix, SoFi and Hood is going to monitor. And then speculative gets
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booted out. Okay. But here's the beauty about this portfolio, folks. If the market drops 30%, right? So he has $57,000 in paper losses. But Palantir is going to be down 80% in that scenario because they have a beta of three, right? So without
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bonds, that same 30% market drop probably is going to look like 40, 50, 60% for him. If we don't add bonds, Palantir, Amazon, Nvidia, all of them are going to bring down the actual 30% S&P 500 correction to
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the 60s and the 70s, right? With the defensive layer we just added to Jason, his portfolio is only going to be down 25% on a 30% market drop. He can breathe. He can actually buy the dip. And we told him, look, learn from
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past mistakes, okay? You sold the tech fund during the Ukraine war. Basically, if you transition to SP500 and just let it go, that fixes that. Stop checking your portfolio and stop having income volatility anxiety, right? You have your income fund for the 12
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months, you're set. Nothing can rock you. And then we wrote the constitution. Hallelujah. We wrote the constitution for Jason. The constitution is now on paper. IDCA the first and the 15th of every month, no exceptions, minimum $1,000. I check portfolios only on a
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Sunday. I delete my brokerage from my phone. I check on my computer once per week, never. And if I want to do it, I go out for a walk.
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When the position drops 20%, I trim. When it goes up 20% over 30 days, I go to half speed. I never sell based on price, et cetera, et cetera, et cetera. You see all this on the screen, okay? And then we have an
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action plan, week one, month one, exactly what he has to do and then the monitoring schedule the weekly monthly quarterly annual monitoring what he needs to be looking at and the question is like what about you do you know your scores on every
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stock you have do you know your optimal allocations for your portfolio do you have a constitution do you have an exit or trim criteria I mean really be honest with you I don't I don't know what's the answer to this and I'm not
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sure you guys have that okay so now we know what a real plan looks like okay the plan that's what this investor named jason walked away with right dozens of pages we went through them super quick right we give you just the highlights not the full plan
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but to showcase what he did right and it's built for one person for jason right now i want you to think about your portfolio now let's think about your portfolio for a moment okay now how many of your positions would
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pass question one in the five gates Think about it now for seriously. Okay. How many of your position would pass the five gates? How many would survive the moat test with the Chinese engineers? Do you have a core satellite structure or have you
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just accumulated position like a pasta one on top of each other? Right. Do you have the right bond allocation? What's your distance from retirement? Do you have a written exit criteria? Do you have a written trim criteria? Do you have a written constitution?
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seven rules, right? Do you have a plan? Do you have some sort of a process or discipline? If the answer is no, and I promise you, unfortunately, for almost everyone on this masterclass, I know the answer is no, right? Then what you just
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watched is the alternative. Apply to real investor, real portfolio by someone who does this for a living. This is what a real plan looks like. And what I just walk you through is what actually happens when I sit down with someone's portfolio, I
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apply rigorous screening system to every position, and I actually ask question number two for their specific portfolio and write the protocols. That's it. That's the whole thing. And here's what I want you to notice because this is the important part. Nothing about
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what I just described is impossible. Nothing about it is exotic. It's not sexy. It's not genius. It's actually pretty insanely silly and simple. only requires one simple thing somebody actually doing it for you for your portfolio right that's it now i want you to think about the gap right and the gap
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is not knowledge we know this for a fact not information not brain power right it's not even effort the gap is personalization right so the three questions you need to be asking yourself like okay is this worth owning easy
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how does my portfolio fit in it mmm personal when do I hold add trim sell again personal somewhat universal but still personal at the end of the day right and Jason's portfolio review which you just watched right the real plan applied to a
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real investor right this is the plan okay and remember what I said in the start in question one you can learn question three you can theoretically learn but question two you can't I mean it's not doable And that's why a plan answers question
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two. So let me ask you this question, right? And I really want you to think about it. If I stop this live masterclass right now, right here, if I turn off the stream right now and I showed you nothing else, offered you nothing
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else, said nothing else, would you agree that what you saw is different from anything you've ever been doing to this point? Put it in the chat right now. Tell me what you think. Would you agree that having question two actually answered
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for your portfolio by someone who knows what the hell they're doing can change the way you invest. I think the answer is also yes. I think you know the answer. And here's what I want you to think about next. Let's take a look
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at what we covered, guys. So the three questions I just walked you through is this stock worth owning, right? How does this fit my portfolio?
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When do I hold or exit? These are the same questions every serious investor has to answer, right? And I showed you which ones you can actually theoretically learn yourself and the ones you can absolutely can't, right? The written
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protocols, the exit criteria, the constitution, the 47 second framework, they eliminate behavioral gaps that cost the average investor 3 to 4% a year.
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Do you want to leave 3 to 4% on the table? I don't think so.
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I told you in the beginning, right? We're talking about a $300,000 portfolio. That's $9,000 to $12,000 annually in mistakes that are prevented if you don't do this, right?
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Now, you just watched a Real Portfolio review for a Real Academy member, every position, right? You've seen me go through it, right? And...
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You've seen a complete allocation rebuild, exit strategy build, everything. A complete DCA system, right?
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You've seen me do everything. A full action plan, not some sort of a theory, like the whole thing. And here's my opinion, and you can take it or leave it, right? If you're managing a six-figure portfolio without question two answered
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for your specific situation, and I don't mean this to be in disrespectful manner at all, okay? If you're managing a six-figure portfolio and you didn't answer question two, I want to take you back into something I said at the beginning of this webinar. I told you, you've got
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three options. Let me go back here. Remember the three options? Option one, two, and three. Remember the three options I talked to you about? They're not a secret.
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There's three paths going forward from here. And I promise you only one of them leads to compounding wealth with individual stocks. You can still make money with two of them. You can certainly make money with option one, the honorable choice. Get
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the S&P 500, go all in, you will make a shit ton of money. If you just go S&P 500 for the next 20 years, you're gonna double your money every seven years. That's a lot of money. Option one makes you money without a
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doubt. If you want option two, which is what most of you are on right now, this is the worst. This is worse than option one. Keep managing individual stocks without a plan. Keep doing what you've been doing. Keep hoping that the market never
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crashes, never corrects, that we're going to go up into infinity and keep paying the tax that we calculated earlier, the behavioral gaps, all the psychological costs.
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And you will do reasonably well in the hot market like right now, but what happens in the bad market, right? What happens when the market goes south? You're going to be donating tens of thousands of dollars into better investors with better plans. Right?
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Or you can go option three. If you still want to own individual stocks, option three is the way to go. Okay? It's the only path forward. If you want to own individual stocks, seriously, you need to get a plan for your specific situation.
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You need to answer question two for your portfolio, your allocation, your timeline, your goals by someone who actually knows what they're doing. Okay? There is no fourth option. Okay?
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Which ones are you going to choose? I want to be honest with you and let's talk about... You can build it yourself. Okay? You could take everything I just showed you today, every single thing without exception. Okay? And
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you can build this yourself. The five gates for question one, the core satellite model for question two, the noise, temporary, serious framework for question three, the written exit product, everything, okay? You can do it yourself.
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And then, and this is the part where most people miss, you'll still have to freaking answer question two for your specific portfolio. It's not gonna advance you anywhere because the framework is not the plan. The frameworks are the raw materials. The
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plan is somebody who's gonna come in and turn these raw materials into a freaking product. into a system, into a discipline, into a process. If you have the analytical background and about 18 months to build it, test it, refine it and validate
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it, you probably could do it. And I want to be clear, if that's what you want to do, I respect it. Take the framework, apply it. You'll be better off than you were this morning. And I'll be proud of that. That's
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amazing. But here's what I know from 10 years of working with almost a million investors, most of you will not do it. Not because you can't, because you don't have the freaking time. You're married, you have kids, you have a job, you
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have a wife, you want to have fun, you want to actually live your life.
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You don't want to work as somebody who builds this for the next 18 months of your life. You don't. Okay? You want to sit down for the next 18 months and write down criteria for your 20 positions. You want
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to do quarterly reviews on your own positions. You want to be your own behavioral coach, your own strategist. You want to build your own action plan. So instead of building for yourself a career's worth of analytical infrastructure on your own,
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let me show you what it looks like when the person who already built it does it for you. what i walk you through right now okay now before i show you what this looks like i want to do something okay i want
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you to think about what you just watched me do with jason right you watch me take a real investors real portfolio 13 positions 187 000 and run it through a system it took me five minutes okay five minutes you
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watched me find 36 000 of gaps in his Structure that nobody has ever flagged for him. You watched me find a missing Structure in his portfolio allocation vis-a-vis the S&P 500 with individual stocks with allocation you watch me all of this,
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right? And it took literally minutes. It wasn't that complicated because I know the system Okay, I know the system now You watch me score every position that he has that 125 scorecard, right? however I do have concerns and I have to be honest with you. Not about if this works,
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because I know it does. You just watched it work. Not about if you need it, because I know you guys need it. Definitely if you're managing a six-figure portfolio, right? My concerns are about whether you're actually ready to do something about it. Because
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that's a huge leap from understanding and actually taking action, right? Because here's what I learned over, you know, 10 years of teaching investors how to do it the right way. Most people will watch what I just showed you and that's a fact. They're
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gonna watch what I showed you. They're gonna feel a surge of energy and dopamine and clarity and they're gonna think I should really get my portfolio sorted out. I should really get into shape. I'm gonna sleep better and work out better and get
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into shape and blah blah blah blah blah blah blah blah. Then they go to the fridge and eat a pizza at 1 a.m. They go right back to doing exactly what they've been doing so far. Checking their phone every 15 minutes
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for the brokerage, holding positions they can't defend, drifting further from allocation they never set the first place. And by the way, it's not because they're lazy, it's because the gap between knowing what to do and having somebody actually hold you accountable
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and do it with you the hardest gap in investing to close on your own guys now can you take everything i taught you today and build it sure sure you can i just told you you can okay not because you're not you know
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smart enough all of you are smart enough you're motivated i mean you're here on sunday on the weekend just like the guys who came in here yesterday on the saturday you all are clearly motivated but the people i showed you today the
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ones whose portfolio are built whose criteria exit we've written, all of these, right? They have something that you don't have yet. Hopefully that's gonna change, but let's talk about it a little bit more. So what people that succeed actually in the stock
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market have is one thing, and I call it framework. Their framework apply to their specific situation. They have a written plan that they didn't have to build alone. They have someone checking their work who isn't emotionally attached to their positions. And they have
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me in their ear every single week with real questions come up with real money on the line and that's what they have that you don't have yet now I want to be upfront about something what I'm about to
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show you right now is a serious investment I'm not going to apologize for that okay we're talking about five to ten thousand dollars okay it's a serious investment because the problem I solve is serious the stakes are six figures if your money
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is compounding in the wrong direction okay Since the value is higher than the price it still is underpriced and by the time I'm done showing you what's inside You're gonna able to do that math on your own. So let me show you exactly
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what you get So I'm gonna introduce to you the Nash Investing System folks. This is super exciting. I'm really really happy to actually show it to you guys The first thing you get is a complete personal investing strategy. It's
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gonna be built by me and detailing exactly what I would do if I was in your exact situation. What you just watched me do today with Jason's portfolio is what I'm gonna do for you. Same process, same depth, same thinking, build by the
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same person, me, for your specific portfolio. And here's how it's gonna work. You're gonna complete a detailed intake form, current holding goals, timeline, risk tolerance, income, debt, family situation, psychological triggers, every piece of information we can get, right? You're gonna get
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a full picture of your specific situation. Then we go to work. I run every single position through the three questions. I build your DCA system. I stress test your portfolio against that 30% market drop. I write your behavioral game plan, the constitution,
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and I pull it all in the completed action plan about what you need to do this week, this month, this quarter, over the next 18 months with check boxes, with dollar amounts, with deadlines, and it's gonna be delivered in two weeks since you
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joined, okay? And here's what it's going to give you. You're going to stop guessing forever. Because for the first time, you have the one thing you've been trying to build for yourself for years. A clear, written answer to what would Tom actually do
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with my situation. Not a general principle for your specific situation with your numbers. You're going to wake up on Monday knowing exactly what to do this week, this month, this quarter. No more opening your brokerage account. 11 p.m. in bed,
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staying awake until 2 a.m., wondering about the stupidity that you've done today in the market, right? When the market is going to drop 30%, you won't even flinch. You're going to open up your strategy. You're going to see exactly what the next action
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is. You're not going to predict. You're going to be prepared, okay? And when your wife or husband asks you, how's the portfolios doing, honey? You're not going to mumble.
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You're going to have a one-sentence answer. with that for a second okay because what i just described is the thing that you've been trying to build for yourself every time you open your brokerage account it's what you thought is you know
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you're going to get from financial advisors youtube right i've built a lot of things over the past years right a youtube channel an academy my own newsletter and my inner circle i'm proud of all of them but this this actual personal written
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investing strategy built from scratch one person is one of the most proudest moments of my life to launch. Okay. It's not about content, views, likes, you know, it's about translating my thinking and democratizing my thinking applied to such a vast audience. Okay. And I think it's just a start. There's, there's
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way more to this. So what I want to talk to you about is, you know, on paper, a strategy, is basically a set of principles. And if it's not maintained correctly, a theoretical strategy, which you learn in a YouTube video or masterclass, it's going to degrade over
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time. Markets are going to change. Your life is going to change. What's going to happen is that positions are going to drift. Macro shift is going to happen. And every 90 days what you're going to have in this plan is a completely different reality than most investors. While they're just drifting in
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the ocean aimlessly trying to figure out what the hell's going on. We every quarter, every 90 days you're going to submit your updated portfolio. 15 minutes on your end. I will review it personally. Full reassessment of every position against
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the current market environment. I'm going to identify if you're drifting away. to look at what's going on with macro versus your portfolio right you're never going to drift out of the right course okay four times a year the person who built your strategy
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is going to take a look at your work and tell you well you're good or hey you need to pay attention because you're drifting off you're a little bit right essentially what it gives me is the ability to catch mistakes before they become
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a serious problem like when it's a one percent problem it's way easier to fix when it's a 20 problem right and if we have quarterly reviews super easy to do, okay? It's not like your strategy is going to be there sitting in a
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drawer for the next two years, right? It's going to evolve with you, with the market. I mean, that's the whole idea. That's the discipline that we're building here. So basically, the quarterly views are designed to catch the big stuff, right? But think about
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it this way. Markets move every day. They don't, you know, markets don't move once per quarter, right? What happens in between those 90 days? Well, We have a solution for that as well. Between those checkpoints, real questions come up, real money's on the
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line, right? That's where the third thing actually happens. Every week, I'm gonna be going live with the entire cohort, one hour, pure questions and answers. No lecture, no presentation, no market update. It's gonna be just me and you and all of you will be bombarding with questions about what's going on
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with the market, We're going to have questions submitted in advance. Community is going to upload the best ones. I'll answer the top questions live with time for more during the sessions. And every session is going to be recorded. So if you can't make
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it live, obviously you're going to watch it on your schedule. And here's what it's going to give you. You're never going to sit alone with a hard decision ever again in your life. A stock, for example, you hold reports earnings. They change the
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thesis. You bring it up on the call. or let's say, macroeconomic news just happened, right? You bring it to the call, a position you're tempted to add, but not sure, you bring it to the call. Okay? You're going to hear how I'm thinking
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about it in real time, not some summary weeks later, not a video, you know, on YouTube, my actual real time reasoning. And that second guessing will go away because you're no longer the only one in the room. You're going to be surrounded
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by people in the same situation with me also involved in every little aspect of it. Okay? So let me put all this together, right? A personal investing strategy built for me for your specific life detailing exactly what I would do with your
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money in writing delivered within two weeks. Quarterly portfolio reviews by the same person who built the strategy four times a year. Okay? For every year that you stay a member. weekly live access to me every single week for four questions,
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five questions, 16 questions, 27 questions, everything bombard me with as much as possible. Your position, your situation, right? All of this is a strategy.
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That's a process, an ongoing review, an audit. Plus you have direct access to me.
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And until today, that combination only existed inside my inner circle group. which has 30 investors, it costs $20,000 per year. And that was the only way to access this so far. Now it's going to exist in a whole different scenario where you guys
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can have access to it. Okay. And this is for this cohort only. I just want to point this out. When you join today, this is an annual plan.
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Okay. But it's very important. When you join today, you won't get the standard membership term. Okay. You're going to be getting three years of full access for the price of one if you join in today's cohort. Three years of access for the price
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of one. Quarter reviews, weekly live Q&A, etc, etc for three years. Now, this offer was available yesterday. It's going to be available today, Saturday and Sunday. It's not going to be made public. It's not going to be available after
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this cohort closes. exists for the people who made time on a weekend to come here and spend two and a half hours with me and I appreciate that okay but what I showed you earlier is just a fraction of what you're actually going
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to get now the three things you just saw are the core of the what I call the Nash investing system on their own they solve the problem we've been talking about all day but they're not everything that comes with your membership let me
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show you what else you're getting and this is super cool okay Every single one of these is included. No upsells, no upgrades, no extra tiers, okay?
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Earlier I told you that the same system that helped me find Palantir at $6 is running right now on today's market. And I told you there's a list. Here it is. Every quarter I compile what the five gates are flagging as the highest
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conviction opportunities in the current market. five to ten stocks each one with the thesis that misunderstanding that I'm exploding and actually conviction rating and creating that risk assessment okay this is where the next palantir is going to be found I'm sure this okay it's not gonna be some rumor it's not gonna
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be some hot tip it's gonna be found through a systematically the defined and identified opportunity list we're going to update based on the system every 90 days with the same reasoning and logic okay now you saw the structure earlier it can't now
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it's yours okay now what happens is between quarters again market moves stock hit critical levels earnings happens right so when this happens I record a private alert to the group it's not going to happen on the set schedule you know
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I basically do it as needed And I release it before the YouTube audience, before the X audience, before you guys see it first, before anybody else. Now, you also get access to this. This is my private community. Serious investors running the same
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system, screening results, shared thoughts, earnings discussions, conviction checks, portfolio moves. Someone flags a stock you've been watching. For example, someone shares what they've adjusted their quarterly review for, right? Somebody asks what the exact, you know, the same exact question that you've been kind of chewing on for a
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whole week and couldn't figure it out, right? If you have this community, what it does, it kills second guessing, right? You're no longer the only person in the room making the decision. You are a part of a much, much bigger room, okay? And
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also on top of this, you're going to get one year free of stock MVP, which is a tool I want you guys to use. That's why I'm giving it away for you guys. Okay. And this is basically a stock to apply to look
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at individual. I'm going to show what I'm going to show you the stock in the moment. I'm going to also show you stock MVP. It's a tool that I've built. You're getting it for free to evaluate all the stocks you're interested in everything.
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Okay. Beyond that, I want to put everything right now in one kind of layout.
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Right. So, Your personal investing strategy is going to be built by me. Your quarterly portfolio views by me. Weekly access to me. Quarterly opportunity lists I build. Live alerts I send. Private community with me in it. Plus on top of it, one year
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of stock MVP. That is what I call the new full Tom Nash investing system.
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I want to address a few things. I know there's going to be questions. I know some of you are still holding. Let me get ahead of these questions so you're not carrying questions into this decision. Okay? Let's do it. So, oh my
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God, this is only for people with bigger portfolios. Bullshit. Some of you are thinking this is for people with $500,000 portfolios. I only have $100,000 or $150,000. Here's my answer, okay? If you have a $50,000 portfolio or, you know, 5
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to 10 year horizon, this is the perfect plan for you. The portfolio review process works the same way whether you have a $100,000 portfolio or $2 million portfolio. The screaming criteria doesn't change. In fact, I believe that investors with $100,000 to $300,000
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often get the most value from this review because that's the stage where getting the allocation right actually compounds the fastest over the next decade, right? The member whose portfolio you just saw has $187,000. That's not a massive portfolio, but the structural problems I
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found costing him real money happens in a lot of your portfolios. The fixes I built are worth, you know, a lot of money for him and other investors. Okay. And they will compound over the rest of your life if you implement
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them. Another question people ask me is like, well, Tom, why do I need this?
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The market is so good. I'm making so much money in the stock market right now. Yeah, this is a bullish market. Anybody is going to make money in the bullish market. You can throw a rock in the ocean and you're going to hit
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a stock that's going to go up right now. That's not how you make money in the stock market because at some point the party is going to end. The question is, did you prep your portfolio so that when the actual crash or correction
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or drawdown happens, that you actually can utilize it to catapult yourself and create generational wealth? Because what's going to happen to most investors who are having fun right now, or we're having so much fun, it's so easy. Why do I even need
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this, right? The market is so good. Yeah. And when it stops being good, what you going to do? If you're not prepared now, for the inevitable, which is a correction, then you're going to pay the price. Okay. Well, does Tom really review my
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portfolio personally? He must have an army of interns. No, I don't. Let me be clear. Okay. For this cohort, I'm going to review every single portfolio myself personally.
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I'm going to review every intake form, every plan, me. That's a commitment I'm making publicly on this masterclass to everyone here. Quarter reviews, me. Q&A me it's not a team of analysts with my brand on a piece of paper This
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is my thinking applied to your life in my own process. Okay. I Don't delegate well in general Not a good delegator of authority anyways, and that fits me perfectly.
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Okay That's why we have a cap on how many people can join basically. Well, this is the important part, right? I can't extend this into infinity obviously there's a cap and So, you know, once it closes, it closes. I just I'm not going
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to be able to do hundreds of these. Right. So there's limited spots. Should I just join the Academy first? Some of you are thinking maybe I should just start the Academy, get my feet wet, see if I like the content. And the Academy
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is actually really, really good. Right. The Academy and this. completing products. They have absolutely different needs. They're not steps on the ladder. Okay. Different doors. The Academy gives you my content. It gives you my strategy and information, right? The Academy is excellent. This cohort gives you me looking at your portfolio
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personally and building you a plan. Okay. Completely different from the Academy. One is information.
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The other one is implementation. Completely different thing. Whoa. Well, Tom, what if I don't use it? here's the structural difference between this and every other course and subscription you've ever paid for, right? Courses require consumption. You pay and then you have
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to do the work, 40 hours of video, 100 pages of PDF documents, weekly assignments, and then you quit. This is inverted. The most valuable thing you get here is your investing strategy. And that's built for you by me.
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The only job you have to do is fill out the intake form. I do the work, right? So there's no way you can't use it because I'm going to be doing all the work. The quality reviews, same way, right? You don't have to
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find the time to use this program. The value lands in your lap. Basically, I do all the work, right? Well, can I actually trust this? At this level, trust matters more than anything on a slide, guys. I have over 600,000 subscribers
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who watch my analysis. i manage a seven figure portfolio using the same exact system i have investors paying me twenty thousand dollar a year for personal access to my thinking and i spent years building a reputation for evidence-based no bullshit investing guidance
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okay i'm not risking that reputation on the program i don't believe in okay this is the most personal work i've ever put my name on because of my thinking applied to your life from scratch is something I am passionate about. If I didn't
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believe this was the best thing since sliced bread, I would not be on this masterclass today. It's very, very simple. So here's what I'm asking, okay? By the way, shout out to Alex Karp. We had a wonderful meeting and this is not AI.
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It is actually a real photo and he's absolutely the coolest dude ever, right? Here's what I'm asking, okay? I'm not asking you to decide right now. I'm asking you to have a conversation. All you gotta do is go book a call
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with my team members. We have a team member that's gonna take your call. The link to book the call with my team members is in the description and then the pinned comment in the chat. The link looks like this. Go.tomnasch.academy.com
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Book a call with my team. 20 minutes. They'll look at your situation. answer every question you have about the program the portfolio review process what's included how it works for your specific goals the exact investment that you're going to have to
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make right if it makes sense for you they'll walk you through the next steps if it doesn't no love lost you've lost nothing but 20 minutes of that call and you already gain all the knowledge from the master class right the link to
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book is currently pinned in the chat but also in the description for the live okay but before you decide whether to book call there's one more thing i want you to know and that's super important okay and before i close today a
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few things you need to know about timing because everything we've talked about in the last hour only matters if you understand when this door is actually open what do i mean by that this is a launch this is not an open enrollment right
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i don't run this as an open enrollment program because i can't i literally personally build every portfolio plan in the cohort, every strategy, every document. I don't have a team that's doing this. It's me. It requires onboarding people in structured waves, not in
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continuous streams. So the door is going to be open for a window today, tomorrow, but then it closes until I can properly handle the next group or I hire a team of people to do that. Whatever comes first, but it's going to take
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a while. If you're sitting here thinking, well, let me think about it for a few weeks. I understand that impulse, but the window is only going to be open for a short period of time. I won't be able to personally handle everything. That's
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just the truth. I mean, that's just the reality. Now, one more thing about this specific moment, and honestly, this matters more than the window itself. This is the first cohort, Saturday, Sunday, right? Which means two things for you.
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First, I personally build every portfolio in this group. Second, founding member terms. The people who join now lock in three years of access. Future cohorts only will get one, okay? That combination, me personally building your portfolio and everything, they're
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available today. Now, let me talk to you directly for a minute. Oh, sorry about that. The gap between knowing a lot and trusting yourself to act is where most money is lost. Not in bad picks, not even in crashes, in
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hesitation, in second guessing. selling too early holding too long because you had no rules and this is exactly what um i want you guys to really hear the feeling doesn't go away on its own i'm sorry right i watch investors live with it for years five years 10 years 15 years
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oh i'll figure it out eventually i just need more information nah five years later they still have more information than ever and they're still struggling with the same issues checking portfolio before breakfast, second guessing at dinner, lying awake at night thinking about what
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they've done in the market, right? The only question is whether tomorrow looks different from today, right? Now I want to put something in context for you because on the call my team is going to walk you through the full investment and before you
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even get to that conversation I want you to be thinking about the right comparison.
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Think about the last time you panic sold a position. It's a horrible thing to think about, right? It brings up trauma, right? Think about a position that you've sold too early or you bought too late. How much did it cost you? Not just
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what you lost on that sale, but what you would have made if you actually held, right? If you had actual rules. Think about how much money you've lost not having a system, right? For most of you watching this, one panic sale on one
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position has cost you more than what this program will ever be as far as how much money you'll have to pay for it. Some of you it will cost multiples of that, right? After the system prevents one of
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these, it's going to pay for itself, okay? When one of my quarterly reviews catches adrift in your location, it's going to pay for itself. When you see the next setup of a stock like Palantir was at $6, obviously it's going to pay for
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itself, okay? And when you invest in the system, in the system that you own, yours it doesn't go away nobody can take it from you nobody changes anything i mean that's a pretty powerful thing and i want to be straight with
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you about something else right because it's important right nothing about joining this program requires you to blow up what you've already been doing okay you keep your portfolio you keep your positions no problem right this isn't oh sell everything and start over no
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we're not doing that right well if you go through the onboarding you get your custom portfolio plan, you start using the system and whatever reason you decide isn't for you, you still have everything you walked away with, right? Your portfolio hasn't changed. I
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mean, we're not taking your money and rebuilding your portfolio for you, right? And honestly, you know, the intake process alone, just the 30 questions you need to complete the intake form, that alone is a massive, massive IP. You're going to learn a lot
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from it and that's yours, no matter what happens, right? And you can always go back to investing the way you're doing it right now. don't like it right that option never disappears but i think once you see behind the curtain once you see
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what it looks like to have a real plan it's very hard to go back once you've flown business class it's very hard to go back to coach not because you can't because you simply don't want to right it's the same thing right
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um so let me tell you uh who this is actually for okay um Because I don't think this plan is for everyone. I'm going to be honest with you, right? And I'd rather be honest with you right now than try to convince
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somebody who doesn't need this plan or is not qualified for it, in my opinion, okay? If you're someone who's been investing for a while, for years, not months, for years, and you've done reasonably well, but you know in your gut, inside your gut,
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you know you did reasonably well, but it's not the same, and you could do better, and you don't have a plan, it's for you. If you're somebody who watched enough of my work to know that my approach makes sense, it's for you. If
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you're someone who has real capital at stake, it's definitely for you. Okay? I have to give a shout out to my good friend, Basel. Thank you, Basel from Syria. I appreciate it. Thank you so much. He's an old friend. Thank you
Speaker A
for the kind donation. I really appreciate it. Thank you so much. The decision isn't about the system anymore. You already kind of decided the system works.
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Otherwise you'd be gone, right? From this master clan. The decision is whether you want to keep doing what you've been doing, managing a loan, guessing on exits, hoping your conviction holds through the next drop, or whether you want to invest the way
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you saw me invest today, right? That's it. That's the whole decision. And look, smart investor I know that because you're here you're not watching some meme stock on tik-tok you know chasing penny stocks on reddit right you're sitting through a one-hour long-term investing
Speaker A
masterclass on the Sunday okay so you're smart enough to recognize when the system actually makes sense okay the question is whether you want to go through this door or not right so let me tell you what happens next and
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I want you to think about this is gonna do for you okay think about what it's gonna do for you Saturday mornings when you're not checking your portfolio before the coffee gets cold think about what it's gonna do to you when you go
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to sleep and the market is down 8% and you simply don't care think about what is good for your family for your relationship with your wife for the conversations about the stock market about money you know I can't answer for you
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all these questions but I'm sure if you implement the system your life is going to look a hell of a lot different. Okay? And I think you already know, I think you already felt it today during the session that when you saw what
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a real plan looks like that is going to absolutely change your life and the way you think about investing. Okay? So here's exactly what I think you should be doing right now. While I'm talking, open your phone, open your new tab, go to
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the link that's pinned in the chat right now and in the description. You'll see a page where you can book a call with my team. First you're gonna fill out a short application form, okay? Just to make sure you're a good fit because
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we have to do that then you're gonna be taken to a page to book a call with my team and I think you should be booking the earliest not the most convenient the earliest because I told you we're gonna close this pretty quick,
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right? We did it with the inner circle. It got filled up in days, okay?
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On the call my team is gonna have a 20-minute conversation. They're gonna ask you about your portfolio situation. They're gonna see if you're a good fit and It's not a sales call. Don't think you're going to be going into a pressure cooker sales
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call. My team doesn't do that. What they do is they try to help you figure out if it's a good fit for you or not. We're not pushing anybody anywhere they don't need to be. Here's what you're not having if you don't book
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the call. You will never have a custom plan. You will never have somebody building your portfolio strategy. You will never have a quarterly check-in. You will not have the opportunity alerts. You will not have the community. anything of the stuff I just showed
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you apply to your portfolio. You'll have the theory, which is super important, but the theory without the plan is exactly what got most investors in trouble. That's why 90% of them lose in the stock market. Okay. So, I'm going to
Speaker A
basically tell you to go and book the call. The call is in the description right now. This is the link. The link is in the description. Book the call and I'm going to close with this and then going to talk about the stock
Speaker A
okay i promise to you i'm going to reveal a stock and now we're getting to the interesting part so the stock are you guys ready for this should we do a stock reveal okay so the stock that i'm seeing in
Speaker A
the market right now okay that has a very very interesting setup is by the way yeah this is uh correctly The price is $10,000 for the program. So the stock that I'm going to reveal today is, without further ado,
Speaker A
is called Zeta Global. Okay? What is Zeta Global and why it's the misunderstanding that makes you money. You guys ready for this? Okay, let's do it. Let's do it together. Okay. So, if you go back to the beginning of this lecture, what did I say? Okay?
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Okay. I said that misunderstanding equals money. Correct? Correct. So let's walk through this. So this is a company that's being mispriced.
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And as I said in the lecture, every multi-bagger has the same pattern. It's mispriced.
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Okay. What people think about it is this is a marketing company in a crowded category competing with Salesforce and Adobe. had a massive massive short seller attack in 2024 it's not yet profitable all right the p the p is too high and the forecasts are shitty blah blah
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blah blah while in reality this is a company with 30 revenue growth it has beat their projections for years now they have 245 million u.s profiles 500 million global profiles They have an AI agency and essentially what they're doing is solving
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a massive problem for businesses through the use of AI. So very similar to Palantir in the sense of consultancy, not software. No, no, no. This is no longer a marketing consultancy. This is a software business that helps B2B actually
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utilize AI for marketing. So look at the revenue growth. Okay. Revenue growth right now for Zeta is 30%. If the business was garbage, if the business was some marketing technology bullshit, right, it wouldn't be going at 30%. So imagine Nike or Ford or
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Verizon or even imagine some sort of a bank, right, who wants to know who is likely to buy, who is about to cancel the subscription, who needs a discount, Who should see an email? Who should see an ad? Who should be left alone?
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Zeta helps them figure that out and then actually sends the message across email, web, SMS, social, WhatsApp, connected TV, chat video, whatever. Zeta essentially helps companies find the right customer with the right message at the right time on
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the right platform using AI. That's why the revenue is growing 30%. That's why they have $200 million of annual free cash flow. That's why they have $320 million of cash. They have more cash than that. They're growing free cash flow at
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100% per year. They're growing revenues at 30% per year. Rule of 40. Remember when I said rule of 40? Rule of 40. 30% revenue growth, 17% EBITDA margin. That's a 47% rule of 40. 40 is considered wonderful. They're at 47. And I believe
Speaker A
that they will be at 67 very, very soon. And they're going to shut everybody up. that distant in the future and I believe at some point that could be in the 100 plus region like Palantir and NVIDIA but that's a little bit further
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away but fundamentally speaking it's a very strong stock right they have a strong moat we're talking about hundreds of millions of profiles of 18 years remember how Palantir was a consultancy for 17 years and people didn't realize how much how much data that
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creates switching costs are insane for enterprises right And of course, you have the flywheel effect. Essentially, the more customers they have, the better the platform becomes, which means the more customers they have, which means the platform becomes better. CEO is a founder,
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right? Massive track record, right? He didn't have a missed quarter in years. 19 consecutive beat quarters, guys, 19 consecutive. It's trading at three and a half times sales with 18 forward PE, right? It's not expensive. It has done nothing over the past
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year. It's basically tracking the SP500. It didn't go into the stratosphere and it clears the five gates. It clears three out of three of my no BS rule. It clears rule of 40. It has three types of moat. It has a founder CEO
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and it's absolutely mispriced. It's a marketing company according to the market, but in reality, it's an AI native data infrastructure and it's mispriced. Okay. That's why my target prices for Zeta Global are bear case 27% upside at the bear case
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for the next five years. Okay? Medium case 183% and bull case 613% for the next five years. Okay? So as promised, I did deliver the stock. Okay?
Speaker A
I hope everybody's happy. Okay? And I did promise and did deliver. It's a stock I've never talked about before. Well, I talked about it yesterday. the first live we did on Saturday but this is the second time I talked about it and I'm
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really really happy to share it with you guys okay now I'm gonna be doing some questions okay and I'm happy to do so so let's take some questions from the audience and we're happy to do so by the way before you guys put
Speaker A
a question can you put in a queue a big queue ahead of it so I know it's a question not a comment meanwhile I'm gonna give a shout out to Rochelle thank you for the kind words you rise for the kind words
Speaker A
okay really appreciate it and what price target do i have a palantir tatiana is asking about 500 a share right did you miss the cost no the cost of what of the stock or the program the program is ten thousand dollars and i am fulfilling my purpose
Speaker A
thank you john i really appreciate it okay how do you come up with a thesis for a company well to do so you have to understand the business you have to understand the opportunities the risks you have to understand the mode the total
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addressable market the business model etc etc etc and you build a business and you build a thesis and i'm generally bullish on sofi jamarla and it wasn't clear what's the price it's 10k or 20k for three years it's ten
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thousand dollars for three years normal price would be ten thousand dollars per year This price for this cohort today is 10,000 for the whole three years. So instead of paying $30,000 for three years, today you're paying 10. So you're paying for one
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year, you're getting three years as the founder edition of the cohort. Okay? So the price is 10 for three. Thank you for the kind words. Thank you, appreciate it. Is Tesla still a top pick? 100%, 20% of my position, of my
Speaker A
portfolio is in Tesla. It's a wonderful stock. Thank you for the kind words, Martinez.
Speaker A
Bia Martinez, you're legit. Thank you so much. I appreciate it. Yes, we do have a payment plan, Matt. You can talk about it on the call with my team. We do have a payment plan. It's not a problem. It certainly
Speaker A
is possible. I don't like all-world ETF because the U.S. economy is going to demolish world ETFs, and they have. Look at the VT, which is all-world ETF, and compared to the S&P 500, the S&P... way better way better just get the S&P 500 right Tesla has a score of 95 why recommended
Speaker A
because it's a generational company with a massive amount of upside and it's probably one of the most misunderstood companies the market still in 2026 okay thank you so much for the kind words Roger appreciate it you add value to
Speaker A
my investment journey thank you karim i really appreciate it thanks for the couple hours very helpful and best time on saturdays sundays yeah we did it yesterday and we were on yesterday for three hours right now in 15 minutes we're going to be
Speaker A
three hours in this one as well and it's really a pleasure to educate you guys and help you guys in your investing journey i really really do appreciate the ability to do so um what is my price target on tesla it's 1420 1420
Speaker A
No, this is not a joke. Had fun listening. Okay, appreciate it. Thank you. Thank you. UiPath. I'm invested for a while now, but I really want your input. I like it. I'm bullish on it. It's a software automation business. It's pretty good. And
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it's underpriced. Thank you, Joe. Appreciate the kind words. Shout out to Ray for joining as a member. Appreciate it. Is that a one-time cost or an annual cost? That's a cost for three years. 10,000 is for three years. The fee is upfront? No, we have payment plans. You can talk to the
Speaker A
team about it. They'll help you out. Thank you for the kind words. Appreciate it.
Speaker A
Thank you for your time and your heart to help us. Appreciate it. Thank you so much, Maria. Really appreciate it. Thank you. Alan Gaffed, my community member OG, thank you so much. Thank you so much, thank you.
Speaker A
Is the 10K upfront or monthly? There's payment plans, Steve. You can talk to the team about it. Great job, watched yesterday as well and learned even more today. I will be joining. Gregory, that means a lot. Thank you so much, sir.
Speaker A
Appreciate it, thank you so much. join hit me up I'd love to have a chat thank you so much is your system really ten thousand dollars yes it is Donnie yes it is and it's cheap at ten thousand
Speaker A
how far can BE and MU run a lot the market can be really crazy in the short term you live for the first time tom thank you for your work appreciate it thank you so much thank you um
Speaker A
thank you tom i learned so much today i wish i had learned all this years ago but as they say it's never too late yeah the best time to plant a tree was years ago the next best time to plant a tree is
Speaker A
today and when you think tom mercy uh merci beaucoup and thank you so much eddie appreciate it Thanks so much Tom, you're one of my faves. Thank you Tanya, it means a lot. Really appreciate it. Really appreciate it.
Speaker A
Thank you for the kind words guys, I really do appreciate it. I can't highlight all the comments on the screen because there's like a lot of them. Even though we put it on slow mode, but it's still a lot of comments.
Speaker A
Thanks for taking the time on your Sunday to educate. Appreciate it. Tom, you're the goat of the common investor that is driving in the sea of useless information. That's probably the best compliment I've ever gotten. Thank you so much. Thank
Speaker A
you so much. Thank you so much. Okay, so I think it's a good comment to end the conversation with. And it really means a lot for me that you guys came in today. It really is a pleasure to...
Speaker A
to talk with you guys and to be able to share this ideas and information and you know what they say if you love what you do you never have to work a day in your life and I love what I do and I
Speaker A
love talking to you guys so I really enjoy this think about it I spent the last six to two days of my weekend six hours of my two weekends talking to you guys on this lives three hours yesterday three hours today and I
Speaker A
feel invigorated I feel amazing so you guys are really the best you are the superstars not me thank you so much you guys so i'm going to be signing off and enjoy the rest of of your sunday and hopefully we'll see you in
Speaker A
the cohort in the in the national investing system and if not just keep on watching the videos don't like nothing don't smash nothing don't buy nothing just keep on watching that's also amazing thank you so much guys peace out
Topics:investing masterclassTom Nashstock market fundamentalsretail investor performancemarket cyclesemotional investinginvestment strategyportfolio managementstock market educationlive investing webinar
