40:41 The bane of every retail investor on the planet. Too many people with too little ability to understand what's in front of you. That's why the 1% has 90% of the wealth. Don't be too hard on yourself, you're probably in the 99%. lol (But having invested in Tesla has put you in the 15% at least.)
I was thinking about this stuff (AI labor) in 1989 and everyone though I was insane. lol Too early it would seem. I also thought up 3D video cards in 1988 and people thought I was crazy as well. haha. Futurism is a real thing. What have I done to capitalize on that? Not much. It's so chaotic. I'm at the mercy of my own shortcomings.
Elon blatantly bought the president of the U.S. and Congress for $150 million, now he gets anything his heart desires. No reason Tesla should not hit $1K in 2025.
Tesla cannot reach it's self-driving goals without more sensors and they would have to retrain all their Ai with new sensors. Also, the demand for EVs has dried up in the U.S. There is also a problem where EVs are so expensive to repair that insurance is wiping out any savings from gas. These are major problems for Tesla. Also their robot is far behind competitors.
Research carnivore diet and MS recovery. Maybe watch a couple of interviews with MS sufferers and now have recovered due to carnivor/elimination diet. You might be surprised on how effective it can be for people in many ways, including MS. Seems that a lot of health issues stem from our diets. A lot of which is just due to the food businesses making $ and not making decisions on what is best for the customer but for the shareholder. It's all just incentives unfortunately. Robots will be an amazing future but a few years off of you and I having one cooking dinner in the kitchen. Not too many though 😁 Best of luck with you and your mom.
Rocking those NVDA, PALANTIR, TSLA, and APPL shares. Holding onto them for the long haul sounds good, but hey, I'm all up for grabbing those short-term chances too, aiming for that sweet $400,000.
the strategies for short term profits are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for next year.
I've stuck with SOPHIE LYNN CARRABUS since the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.
Thats why I dont take % gain seriously, i only care about amount dollars in your account. Warren has lots more zeros to his account and therefore Buffet wins. If you made 50% on your 1K account, that 50% return is meaningless.
Yeah, the Buffet talk was a bit of a joke, he is working with hundreds of billions of people's dollars. He can't take the same risks in tech stocks as we can
Besides guys like you, what makes me believe in the Tesla stock is when I talk (all the time) about Tesla with my friends here in Europe. They haven’t realized what is about to come regarding robotaxi and bots. Like back in the days when I told my friend they could get something new called ‘an email account’ and their respond was ‘why on Earth would I need that’ 😂
Yeah, it’s sad. Germany is really behind. The forefront of engineering is ruined by the left, that dominates public opinion, media, justice and government in Germany.
I remember when Farzad was at 7,000 subscribers. Look where he is now and the quality of the guests gets progressively better. Thank you both so much and congratulations on the success. What a country we live in. You can invest along side the brightest minds. So many don’t.
Dude is spot on about autonomy/Robotaxi! So many people are going to still want to own their car. Families, work vehicles, etc. Robotaxis will be utilized like Uber. Just cheaper. The average person isn’t going to magically start Ubering more even if the cost was 1/10 what a human driven Uber costs. Robotaxis will be fantastic in big cities
I work in a big city. I cant wait to get rid of my car. No fueling, no washing, no oil changes, no maintenance, no insurance, no parking. The amount of time saved in significant.
The title "He Turned $20K to $60M, Now ALL IN on Elon Musk" is clickbait. The video does not focus on how the speaker turned $20K into $60M or specifically being "all in" on Elon Musk. Instead, it discusses the potential of humanoid robots and investment strategies related to companies like Tesla and others in the robotics space. A clearer title could be "Exploring Investment Opportunities in Humanoid Robots and AI."
What Chris misses about FSD and what Ark Invest has modeled is the TAM FOR rides is 10x what it is today when the cost per mile goes from Uber at $2 to 50 cents and then lower. And WHEN the rest of the world that cannot afford a single car it’s 100x. So FSD is massive. Agreed that Optimus Is a many MANY times that
I've cared for parents in the "wiping their butts" level and I have to say, it's life changing both in your relationship to the person, and to the person themselves. No one has emotional issues with using a toilet, but when your child "invades" that space, it changes them. A humanoid robot is just a sophisticated toilet in this case. Which can help elderly retain their emotional stability, and that's a big deal to them. On the flip side, it does open the door to not gaining those deeper connections. Overall, I think it would be a good thing overall due to the time taken from the children to get ahead. And this is just a tiny aspect of humanoid work. There is so much more.
That is exactly when I was thinking about when that robot grabbed the bag with a grip. THIS IS FOR THE ELDERLY!!! Do you know how many caregivers ruin their shoulders and backs trying to lift a loved one? If a robot learns how to use a gait belt, that’s it. Less use of nursing homes, easier work for caregivers. I was so excited to see that.
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have, and selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies.
Of course, you are not alone.. However, if you are investing in the stock market and you are not well versed, its advisable to work with a financial advisor who is an expert to guide you through the process. I have been making more with less risk since i started working with one
True, initially I wasn't quite impressed with my gains, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Just gotta give props to Laurelyn Gross Pohlmeier , my CFA, she's the real deal in the finance game. Dive into her background, this lady's a treasure trove of experience and knowledge for anyone navigating the financial jungle.
The $175K/year is pretty accurate- got a quote for $475/day for skilled nursing care for my father in law here in Ohio - none which is covered by standard health insurance.
Talking about Warren buffet, he already told the reason for how he trades "Stay within your circle of competance". Also with BRKB and BRKA, he's talked about realizing that people have invested their life savings with Berkshire, and not willing to risk losing their investment. Charlie and Warren have said, they could have done more riskier things with a higher payout, but that they didn't need to risk it.
Those questions: Why didn't I buy Nvidia, why didn't I buy Apple, why didn't I buy Amazon 😑 Not because I didn't see it, because the Wall St analysts and talking heads on CNBS (the professionals) told me it was ridiculous, the PE was ridiculous, 1999 quote "if Amazon sold every book in the world it wouldn't justify its PE valuation". I've changed my mindset since investing in TSLA the past 4 years.
I'm really fascinated by investing in stocks, but I haven’t put in a lot of money yet, despite seeing news of people making millions, because I’m always concerned about the risks involved. What are the best strategies for less risk and more gains?
Diversifying your investments can help you manage risk while aiming for solid returns. It might be a good idea to explore sectors that tend to do well during inflation, like utilities or bonds. Also, seeking the help of a financial advisor could be really beneficial. They can provide you with tailored guidance and help you develop a strategy that aligns with your goals.
I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past 7 years, she has helped me find stocks that did 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
The advisor am currently working with is Judith B Richards. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get outlining my objectives.
I like this guy a lot. Love his story. His you buy and sell your whole portfolio every second (at 38:00) is not hard to understand it’s just not useful and over complicates an otherwise more simple scenario. It also deminishes the very important entry price aspect of your positions. If today’s price is $10, your decisions absolutely should change based on whether you entered at .01 vs if you bought at $100. Not sure why he thinks this is the single most important thing. Seems he just is clinging onto something he thinks is important because no one else has discovered the value of. But he doesn’t really explain why that’s so important. For the most part though I love his thinking. Great interview.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Opting for an investment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
Annette Christine Conte is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
It’s crazy. I had this debate with my friend about the human form factor as well. He didn’t believe it was the best way to go. I was so frustrated trying to explain how we live in a world built by humans for humans it makes total sense! I think he gets it now but it was like pulling teeth to get him there.
I could see room for improvement though, wheels could certainly allow for much faster movement, heads kind of get in the way a lot of the time and since a humanoid can have its brain in the torso it doesn't really need a head, eyes could be cameras all the way around which is another improvement over human form. An extra set of arms could be really useful and could retract inside when not needed. Transformers style designs could also be promising (bots that can reconfigure itself in various ways for different tasks).
@AntsDrone I want a robot that can do tree trimming. That means it needs to be able to climb a tree almost like a squirrel or a monkey. I don't think the human form factor works well in many situations that could be aided by robotics. For example what if you want to repair the inside of a small pipeline
One of the limiting factors of early bots will be the ability to manipulate small objects. So many manual jobs require fine motor skills that initially bots will probably unable to do. They will be limited to moving & manipulation of larger objects
@@mgl455 initially yes you are correct but my sources who are strong are leading me to believe that the leading bots will achieve near human, pressure sensing hand/finger articulation within low single digit years. Until then there are numerous commercial jobs that do not require that degree of hand precision
@@mrleenudler EXACTLY... they have the vision, the money and the direction... everything is set up for them to lap the competition... you are right on the money... look at starlink / Xai / Tesla / SpaceX they will all work in unison to support Tesla... this is a no brainer
@@jonathanbraswell6308 I don't think the Chinese are going to let Tesla dominate this space whatever it takes to at least have a big share of that market
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
@@Tonyrobs2 I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
We’re just seeing the start of Bitcoin’s parabolic phase. There might be slight retraces, but we still have months to go. I believe we will peak at $150,000 in 2025.
To maximize this cycle, focus on growth stocks, small caps, and Bitcoin. As someone pointed out too; Working with a financial advisor can save and make you money. For example, my advisor allocated a small part of my portfolio based on Nancy Pelosi’s investments, which is legal. That portion has increased by 71% in six months.
Sophia Irene Powell is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
About 9 years ago my financial advisor got so mad with me going all into TSLA and TSLA LEAPS he quit. Since then I have gone from poor to wealthy. What I learned is be very careful with LEAPS. They can make you millions or lose you millions. So I am now all in TSLL which is a 2x TSLA ETF. It too can bite you. Since it goes up and down by 2x.
Its true! I went to stock brokerage and advisors and none of them said to buy Tesla. Lol that's why I went on my own and lost 100k tho 😂. Took 3 years of trades to make it back.
it reminds me of self driving where everyone was quick to talk about edge cases to prove their point about use of autonomous not being ready. i work in a factory and the lazy opinion would be what everyone says, oh it would never work in THIS factory. like i do a job that would be so difficult for a robot and there are 10 others i can think of but it would take an engineer a weekend to restructure the line, or send different instructions to the client, to make the job easy for an optimus. to think that optimus will just be dropped in a factory today is lazy or lacking creativity.
The thing I don’t understand is going to EV vehicles where, I live in Michigan, I don’t seem very many charging stations, but we need charging stations and rest areas and so on so far for people that travel
Chris' thoughts resonate extremely well with me. Especially when he talks about how excited he was when he saw the actual robots recently. And how he almost had tears in his eyes because the progress was so amazing. I am super excited for AI and robotics. And so few other people are. It's such a pleasure to hear Chris talk so optimistically and convincingly.
Something else that hasn't been discussed so far(that I've heard) is all the surrounding industries that will start building accessories for the bots to help the residential users .
Jerome Powell literally said it on 60 minutes (maybe indirectly but anyone watching this gets it). Let's keep that aside. Everyone should have BTC in their portfolio.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Only if they recharge instantly, or if they are contiunously charged via induction. The value is not in how slow or much they can work, but how much it costs per unit of labour. If it 1% cheaper per unit of labour it doesn't matter that you need 3 times as many robots as humans. There's also the expectation of improving software, so it's a matter of time now
51:40, he talks about the mum and family case for robotaxi, so presumably he doesn't look at other cars when he drives around, as statistically 60% of car journeys are single occupancy, the robotaxi will go after that market. Regulation may not be difficult, again it will come down to statistics, so if it is 2x safer than humans, that will eliminate half the accidents, if it's 3x safer that will eliminate two thirds of the accidents etc...
Eventually the craze will slow and stock price will correct itself. We are not at FSD or energy phase yet. It's close but it's not factored into market cap. Tesla the most volatile company ever, the shorts will be hungry for revenge. Or Hes waiting for a split 😂
This is the most incredible video that I have ever seen on breaking paradigms. We still have a long way to go as reality is changing so damn fast, but this video puts the harness on the thoroughbred that is going to win. Thank you Chris Carmillo and Team Farzard.
Exactly how I felt! Probably one of the best youtube investment videos currently available. Definitely need to have more faith in myself instead of blending into the heard and only caring about a warren buffet strategy. Critical thinking on an individual basis is more important than ever.
I'm about to put 50% of my life saving on Tesla. I'm 35 years old. looking to retire at 50 years old. 10,000$ into Tesla today might give me that financial freedom in 10 to 15 years,
@lancejones4636 true I feel Tesla can do another 100X from today to 10 to 15 years into the future. The robots ( Optimus) that's gonna change the world just as much as the Internet did back then.
The easy money on Tesla has been made. It’s at a 1 trillion dollar market cap. How many multiples can it do from here? Better finding stocks with room to grow that also have fantastic tailwinds.
I truly hope that the Tesla Bots are sold to individuals rather than just being rented. I can barely wait! My CyberTruck will be here Saturday and I'm really excited about that! Not everyone is oblivious to what is going on. I'm 83 and as excited as hell about what is happening . And to top it off we now have Trump coming which is exactly what we need. What an exciting time!!!
Humanoid robot is definitely not optimal form for each job, but it wins in its generality, it can do broad spectrum of different jobs. Also, we have already built so much data and infrastructure around humans. It makes more sense to first utilize that and maybe only create more specialized robots over time when the needs and possible optimizations are better mapped/understood.
Healthcare bots sound amazing. I super optimistic on tesla and robotics however, somethings (like wiping) sound far away. Assistance to move seems fairly easy
I’m a subscriber to Dumb Money. Good to see Chris on your show. Good job. Watched your assessment of the election the other day. Well reasoned and interesting. We get better information on these podcasts than anything on television.
Great click bait title and I mean that in a good way but Chris has not beat Warren Buffett. Apples and oranges. Taking a small amount of capital and growing it to less than $100M over a 20 year period is not the same as growing it to $1 trillion over a 80+ year period (WB made his first investment at age 11). As Buffett will admit, he is limited by two major consideration. One, his individual and institutional pension shareholders are dependent on a moderate risk profile for retirement. He knows these people personally in many cases and is not going to make investments outside of the appropriate risk profile. Investing your own money is not the same as investing OPM unless you are looking for a way to deserve jailtime. Second, with the amount of AUM BH has, they just can't invest in the way Chris invests. The reasonably priced market cap of a pre-revenue "opportunity" would be too small to even consider. I appreciate Chris's social media arbitrage investing philosophy but it has its downsides for most investors and Chris pointed that out too. It is highly speculative and even with great research you can see it fail by being too early (i.e. Kathy Wood).
I'm proud to be part of the Web3 Infinity community. The project's growth and achievements have been impressive. Don't hesitate - join the presale and be part of this remarkable success story!
This was great! The only thing I would say Chris is missing on FSD is the TAM expands once you enable overnight logistics networks and humanoid delivery robots. You could get all your deliveries at 5AM.
Chris: Would you please donate money/supplies to the relief efforts in areas affected by the recent hurricanes? People are suffering. Basic shelter, food, generators. THANKS
AI and robots will take over if not used responsibility. It is indeed. Matter of time when it starts scheming stuff and it’s logical reasoning and ability to argue surpasses humans and it becomes impossible to reason argue or make then accept human command. We are dangerously close to that point.
I don't disagree with Chris about the Robotics potential but picking the winner is going to be very hard - there are over 50 Humanoid robot companies already and more every day - China has the bulk of them - who will be the winner is anybody's guess - perhaps Apple will enter the humanoid bot space - it wouldn't surprise me.
A dynamic, non punitive AI tax pays for UBI rather than revolution so people can psychedelically update their software and reenter the world with new passions and skills to do things AI can't
Follow Chris on X: x.com/ChrisCamillo
DumbMoneyTV: www.youtube.com/@DumbMoneyLive
40:41 The bane of every retail investor on the planet. Too many people with too little ability to understand what's in front of you. That's why the 1% has 90% of the wealth. Don't be too hard on yourself, you're probably in the 99%. lol (But having invested in Tesla has put you in the 15% at least.)
I was thinking about this stuff (AI labor) in 1989 and everyone though I was insane. lol Too early it would seem. I also thought up 3D video cards in 1988 and people thought I was crazy as well. haha. Futurism is a real thing. What have I done to capitalize on that? Not much. It's so chaotic. I'm at the mercy of my own shortcomings.
He got lucky gambling and now he's going to take his luck and lock it in... That's what your video title should be.
Elon blatantly bought the president of the U.S. and Congress for $150 million, now he gets anything his heart desires. No reason Tesla should not hit $1K in 2025.
Farzad, are you assuming everyone knows this guy? You’re never introducing him or mentioning his name in this video…
My family hates me talking about Tesla 😂
Same. I’ve never been more passionate about something.
haha same brothers
They don’t understand. They think Elon is a cross between a con man and Satan.
lol I’m
Not alone
Tesla cannot reach it's self-driving goals without more sensors and they would have to retrain all their Ai with new sensors. Also, the demand for EVs has dried up in the U.S. There is also a problem where EVs are so expensive to repair that insurance is wiping out any savings from gas. These are major problems for Tesla.
Also their robot is far behind competitors.
Thanks for having Chris on. Totally awesome.
Cheers
My mom is sick from MS and I have to wipe her butt everyday. Healthcare bots are something I pray for everyday
I wish no one had to go through that. Sorry.
So sorry
Research carnivore diet and MS recovery. Maybe watch a couple of interviews with MS sufferers and now have recovered due to carnivor/elimination diet. You might be surprised on how effective it can be for people in many ways, including MS. Seems that a lot of health issues stem from our diets. A lot of which is just due to the food businesses making $ and not making decisions on what is best for the customer but for the shareholder. It's all just incentives unfortunately.
Robots will be an amazing future but a few years off of you and I having one cooking dinner in the kitchen. Not too many though 😁 Best of luck with you and your mom.
@@mkthompson2304 YES
Look into high dose vit D w K2, there are many books on it
Farzad. Great interview
I didn't know who Chris was until this video
Thanks for the introduction
Rocking those NVDA, PALANTIR, TSLA, and APPL shares. Holding onto them for the long haul sounds good, but hey, I'm all up for grabbing those short-term chances too, aiming for that sweet $400,000.
the strategies for short term profits are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
Agreed! this is why I work with one. My $520k portfolio is well-matched for every market season yielding 85% rise from early last year to date. I and my advsor are working on more figures for next year.
@@PatrickLloyd- this is awesome! can you please leave the info of your advsor here? i’m in dire need of financial advisory
I've stuck with SOPHIE LYNN CARRABUS since the pandemic, and her performance has been consistently impressive. She’s quite known in her field with over two decades of experience, simply look her up.
Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.
Crushing Buffett requires getting a return on billions. Once you have that much money to manage, you can’t invest in just one company.
Thats why I dont take % gain seriously, i only care about amount dollars in your account. Warren has lots more zeros to his account and therefore Buffet wins. If you made 50% on your 1K account, that 50% return is meaningless.
True in terms of someone who just buys companies, not true if you run the company like Musk
well its "crushing on pelosi" now lol
What’s your thoughts on nuclear power, clean energy
Yeah, the Buffet talk was a bit of a joke, he is working with hundreds of billions of people's dollars. He can't take the same risks in tech stocks as we can
Besides guys like you, what makes me believe in the Tesla stock is when I talk (all the time) about Tesla with my friends here in Europe. They haven’t realized what is about to come regarding robotaxi and bots. Like back in the days when I told my friend they could get something new called ‘an email account’ and their respond was ‘why on Earth would I need that’ 😂
Yeah, it’s sad. Germany is really behind. The forefront of engineering is ruined by the left, that dominates public opinion, media, justice and government in Germany.
I remember when Farzad was at 7,000 subscribers. Look where he is now and the quality of the guests gets progressively better. Thank you both so much and congratulations on the success. What a country we live in. You can invest along side the brightest minds. So many don’t.
I've learned a lot from Chris over the years. Very inspiring
Dude is spot on about autonomy/Robotaxi! So many people are going to still want to own their car. Families, work vehicles, etc. Robotaxis will be utilized like Uber. Just cheaper. The average person isn’t going to magically start Ubering more even if the cost was 1/10 what a human driven Uber costs. Robotaxis will be fantastic in big cities
I work in a big city. I cant wait to get rid of my car. No fueling, no washing, no oil changes, no maintenance, no insurance, no parking. The amount of time saved in significant.
The title "He Turned $20K to $60M, Now ALL IN on Elon Musk" is clickbait. The video does not focus on how the speaker turned $20K into $60M or specifically being "all in" on Elon Musk. Instead, it discusses the potential of humanoid robots and investment strategies related to companies like Tesla and others in the robotics space. A clearer title could be "Exploring Investment Opportunities in Humanoid Robots and AI."
agreed, misleading title
What Chris misses about FSD and what Ark Invest has modeled is the TAM FOR rides is 10x what it is today when the cost per mile goes from Uber at $2 to 50 cents and then lower. And WHEN the rest of the world that cannot afford a single car it’s 100x. So FSD is massive. Agreed that Optimus Is a many MANY times that
I've cared for parents in the "wiping their butts" level and I have to say, it's life changing both in your relationship to the person, and to the person themselves. No one has emotional issues with using a toilet, but when your child "invades" that space, it changes them. A humanoid robot is just a sophisticated toilet in this case. Which can help elderly retain their emotional stability, and that's a big deal to them. On the flip side, it does open the door to not gaining those deeper connections. Overall, I think it would be a good thing overall due to the time taken from the children to get ahead. And this is just a tiny aspect of humanoid work. There is so much more.
If robots only did human care, it would be most welcome. 😢
This is an interesting take that I see as profound for elderly care.
I’m hanging my hat on humanoids taking care of me 24/7 in 20-30 years.
That is exactly when I was thinking about when that robot grabbed the bag with a grip. THIS IS FOR THE ELDERLY!!! Do you know how many caregivers ruin their shoulders and backs trying to lift a loved one? If a robot learns how to use a gait belt, that’s it. Less use of nursing homes, easier work for caregivers. I was so excited to see that.
“Thanks Frankie you’ve always been there for me”
-Dementia woman thinking her robot is her eldest son🥹🥲
There is obviously a compounding effect in the very long term for large capital, but is not "automatic", and with the wrong strategies you can even lose more than you have, and selecting the correct stock without a proven strategy can be exceedingly challenging. I've been working on expanding my $210K portfolio for a while, and my primary obstacle is the lack of clear entry and exit strategies.
Of course, you are not alone.. However, if you are investing in the stock market and you are not well versed, its advisable to work with a financial advisor who is an expert to guide you through the process. I have been making more with less risk since i started working with one
True, initially I wasn't quite impressed with my gains, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.
I'm intrigued by this. I've searched for financial advisors online but it's kind of hard to get in touch with one. Okay if I ask you for a recommendation?
Just gotta give props to Laurelyn Gross Pohlmeier , my CFA, she's the real deal in the finance game. Dive into her background, this lady's a treasure trove of experience and knowledge for anyone navigating the financial jungle.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
The $175K/year is pretty accurate- got a quote for $475/day for skilled nursing care for my father in law here in Ohio - none which is covered by standard health insurance.
Talking about Warren buffet, he already told the reason for how he trades "Stay within your circle of competance". Also with BRKB and BRKA, he's talked about realizing that people have invested their life savings with Berkshire, and not willing to risk losing their investment. Charlie and Warren have said, they could have done more riskier things with a higher payout, but that they didn't need to risk it.
Those questions: Why didn't I buy Nvidia, why didn't I buy Apple, why didn't I buy Amazon 😑
Not because I didn't see it, because the Wall St analysts and talking heads on CNBS (the professionals) told me it was ridiculous, the PE was ridiculous, 1999 quote "if Amazon sold every book in the world it wouldn't justify its PE valuation".
I've changed my mindset since investing in TSLA the past 4 years.
I'm really fascinated by investing in stocks, but I haven’t put in a lot of money yet, despite seeing news of people making millions, because I’m always concerned about the risks involved. What are the best strategies for less risk and more gains?
Diversifying your investments can help you manage risk while aiming for solid returns. It might be a good idea to explore sectors that tend to do well during inflation, like utilities or bonds. Also, seeking the help of a financial advisor could be really beneficial. They can provide you with tailored guidance and help you develop a strategy that aligns with your goals.
I agree with you. As an early investor in NVDA, AVGO, ANSS, and LRCX, my financial advisor's advice was incredibly helpful. Over the past 7 years, she has helped me find stocks that did 10x multiple times. With her help, I've grown my portfolio to over a million dollars.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
The advisor am currently working with is Judith B Richards. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
I appreciate this. After curiously searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get outlining my objectives.
I like this guy a lot. Love his story. His you buy and sell your whole portfolio every second (at 38:00) is not hard to understand it’s just not useful and over complicates an otherwise more simple scenario. It also deminishes the very important entry price aspect of your positions. If today’s price is $10, your decisions absolutely should change based on whether you entered at .01 vs if you bought at $100. Not sure why he thinks this is the single most important thing. Seems he just is clinging onto something he thinks is important because no one else has discovered the value of. But he doesn’t really explain why that’s so important. For the most part though I love his thinking. Great interview.
I got 60k now and I got no where to dump bro, everything is jacked up in the stock market.
Don't put all your eggs in one basket; instead, diversify into different asset classes to mitigate risk. If you lack extensive knowledge, consult a financial advisor.
Opting for an investment advisr is currently the optimal approach for navigating the stock market, particularly for those nearing retirement. I've been consulting with a coach for a while, and my portfolio has surged by 85% since 2023
This is very insightful. Hope you don't mind me asking you to recommend your advisor?
Annette Christine Conte is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
It’s crazy. I had this debate with my friend about the human form factor as well. He didn’t believe it was the best way to go. I was so frustrated trying to explain how we live in a world built by humans for humans it makes total sense! I think he gets it now but it was like pulling teeth to get him there.
I could see room for improvement though, wheels could certainly allow for much faster movement, heads kind of get in the way a lot of the time and since a humanoid can have its brain in the torso it doesn't really need a head, eyes could be cameras all the way around which is another improvement over human form. An extra set of arms could be really useful and could retract inside when not needed. Transformers style designs could also be promising (bots that can reconfigure itself in various ways for different tasks).
@AntsDrone I want a robot that can do tree trimming. That means it needs to be able to climb a tree almost like a squirrel or a monkey. I don't think the human form factor works well in many situations that could be aided by robotics. For example what if you want to repair the inside of a small pipeline
One of the limiting factors of early bots will be the ability to manipulate small objects. So many manual jobs require fine motor skills that initially bots will probably unable to do. They will be limited to moving & manipulation of larger objects
@@mgl455 initially yes you are correct but my sources who are strong are leading me to believe that the leading bots will achieve near human, pressure sensing hand/finger articulation within low single digit years. Until then there are numerous commercial jobs that do not require that degree of hand precision
Great Interview!
This was THE BEST pod you have had in ages Farzad. Thx.😊
Fascinating convo. Great episode!!
The leader by far on humanize robots it’s TSLA.
They don't even need to lead they could be last to do it the market for robots will be so big they will still make a killing.
I wouldn't say by far. 1X has better hardware for now. Other companies have LLM integration already.
@@jhunt5578Tesla are building huge data centers and are masters at production. I think no-one will be close in a couple of years.
@@mrleenudler EXACTLY... they have the vision, the money and the direction... everything is set up for them to lap the competition... you are right on the money... look at starlink / Xai / Tesla / SpaceX they will all work in unison to support Tesla... this is a no brainer
@@jonathanbraswell6308 I don't think the Chinese are going to let Tesla dominate this space whatever it takes to at least have a big share of that market
I am at the beginning of my "investment journey", planning to put 85K into dividend stocks so that I will be making up to 30% per year in dividend returns. Any advice?
Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.
Yes, I agree. I use a financial advisor too. Same person since 2020. I don't worry about whether the economy is going up or down or sideways. I always ride through.
@@Tonyrobs2 I really want to get in with a financial advisor this year, especially as all markets are hitting lows. I don't want to be too optimistic and end up losing everything.
My CFA ’’ Sharon Ann Meny, a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
Thanks, I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get.
We’re just seeing the start of Bitcoin’s parabolic phase. There might be slight retraces, but we still have months to go. I believe we will peak at $150,000 in 2025.
Exact plan; Crypto through 2025, then high yield ETFs through the bear market 26’-27’
To maximize this cycle, focus on growth stocks, small caps, and Bitcoin. As someone pointed out too; Working with a financial advisor can save and make you money. For example, my advisor allocated a small part of my portfolio based on Nancy Pelosi’s investments, which is legal. That portion has increased by 71% in six months.
Oh I've heard similar things about hiring an advisor. It's hard to choose one that's very good though. Could you make some useful recommendations?
Sophia Irene Powell is the licensed advisor I use and im just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
Wow!! her track record looks really good from what I found online.i just filled the form and scheduled for a call. Thanks to you.
My financial advisor hates when I talk about Tesla, especially when I say, "buy".
Then why do you think you need him?
today is a good day to phone your FA and gloat a bit
About 9 years ago my financial advisor got so mad with me going all into TSLA and TSLA LEAPS he quit. Since then I have gone from poor to wealthy. What I learned is be very careful with LEAPS. They can make you millions or lose you millions. So I am now all in TSLL which is a 2x TSLA ETF. It too can bite you. Since it goes up and down by 2x.
Its true! I went to stock brokerage and advisors and none of them said to buy Tesla. Lol that's why I went on my own and lost 100k tho 😂. Took 3 years of trades to make it back.
@@randydiver3076 TSLL crushing this last week+. I've been in on it and options for it as well.
it reminds me of self driving where everyone was quick to talk about edge cases to prove their point about use of autonomous not being ready. i work in a factory and the lazy opinion would be what everyone says, oh it would never work in THIS factory. like i do a job that would be so difficult for a robot and there are 10 others i can think of but it would take an engineer a weekend to restructure the line, or send different instructions to the client, to make the job easy for an optimus. to think that optimus will just be dropped in a factory today is lazy or lacking creativity.
Great video! Also the infinite labor can be coupled with nearly unlimited free energy from the sun once the solar-battery infrastructure is built out.
Always dig your chats and guests 🤙🏻
The thing I don’t understand is going to EV vehicles where, I live in Michigan, I don’t seem very many charging stations, but we need charging stations and rest areas and so on so far for people that travel
Chris' thoughts resonate extremely well with me. Especially when he talks about how excited he was when he saw the actual robots recently. And how he almost had tears in his eyes because the progress was so amazing.
I am super excited for AI and robotics. And so few other people are. It's such a pleasure to hear Chris talk so optimistically and convincingly.
Fabulous Guest !!!!!!!!!!!!!!
Something else that hasn't been discussed so far(that I've heard)
is all the surrounding industries that will start building accessories for the bots to help the residential users .
Good to see this guy cover the obvious investing points for newbies. Financial education has largely been neglected.
Great listen!
I’ve listened to this video twice. Love it ❤.
Great interview….been following Dumb Money for a while and I could listen to those guys talk all day.
Jerome Powell literally said it on 60 minutes (maybe indirectly but anyone watching this gets it). Let's keep that aside. Everyone should have BTC in their portfolio.
It’s really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It’s a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Brian! Imagine i invested $50,000 and received $190,500 after 14 days
Absolutely! Profits are possible, especially now, but complex transactions should be handled by experienced market professionals.
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.
Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things
Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit
This guys has a great way of looking at things
Absolute banger of an interview
Great show great talk with a great guest
Very interesting conversation about stuff I really don’t enjoy hearing about, but totally preach it daily. 😊
Humans need rest. Bots only need recharged and periodic maintenance. Even if they work at 1/3 speed. They work 3 times as many hours.
The game FrostPunk shows this theory well.
Only if they recharge instantly, or if they are contiunously charged via induction. The value is not in how slow or much they can work, but how much it costs per unit of labour. If it 1% cheaper per unit of labour it doesn't matter that you need 3 times as many robots as humans. There's also the expectation of improving software, so it's a matter of time now
and they don unionize or complain or get distracted
Intriguing, thank you for sharing!!!
Welcome to the party Chris!!!!
Damn, that was great content. Thank you for bringing value.
The framing of reinvesting if you didn't sell is a great perspective
What a great discussion, can't believe it took me a week to listen to this.
great interview
51:40, he talks about the mum and family case for robotaxi, so presumably he doesn't look at other cars when he drives around, as statistically 60% of car journeys are single occupancy, the robotaxi will go after that market. Regulation may not be difficult, again it will come down to statistics, so if it is 2x safer than humans, that will eliminate half the accidents, if it's 3x safer that will eliminate two thirds of the accidents etc...
Chris said he is waiting to get invested in TSLA. Really?
Same thought. I wondered if it has to do with current investments and when his ‘risk capital’ is available.
Or knowing that Tesla will create a subsidiary and take it public.
@@fricardo3 that's food for thought
Eventually the craze will slow and stock price will correct itself. We are not at FSD or energy phase yet. It's close but it's not factored into market cap.
Tesla the most volatile company ever, the shorts will be hungry for revenge.
Or
Hes waiting for a split 😂
That gotta hurt a bit today
This is the most incredible video that I have ever seen on breaking paradigms. We still have a long way to go as reality is changing so damn fast, but this video puts the harness on the thoroughbred that is going to win. Thank you Chris Carmillo and Team Farzard.
Exactly how I felt! Probably one of the best youtube investment videos currently available. Definitely need to have more faith in myself instead of blending into the heard and only caring about a warren buffet strategy. Critical thinking on an individual basis is more important than ever.
I read his book when it came out many years ago. It really influenced my investment approach. Great to see him on Farzads Channel! 😎👍
I think you meant "Team Charizard"
@@mfpears How very clever you are. I just ate a can of pears that were delicious.
@@JLizard No I mean you called him Farzard, but his name is Charizard. Everyone is always getting it wrong
I'm about to put 50% of my life saving on Tesla. I'm 35 years old. looking to retire at 50 years old. 10,000$ into Tesla today might give me that financial freedom in 10 to 15 years,
Put 100% in TSLA
@@davidmarkmann6098 Tesla isn't the only rocket ship.
I went all in TSLA 4 years ago at 53. Today is a good day.
@lancejones4636 true I feel Tesla can do another 100X from today to 10 to 15 years into the future. The robots ( Optimus) that's gonna change the world just as much as the Internet did back then.
@@Init369 Yeah, Cern Basher stipulated something like that in his recent video with Herbert
Wow what a great interview, You can tell how clear Chris’s thinking is
Thanks for the insights Mr Farzad ! you are definitely a light in the dark Tesla tunnel ! keep on keeping on
The easy money on Tesla has been made. It’s at a 1 trillion dollar market cap. How many multiples can it do from here? Better finding stocks with room to grow that also have fantastic tailwinds.
Mega pack, FSD and Optimus are massive ‘tailwinds’, go do the calculations for yourself.
I truly hope that the Tesla Bots are sold to individuals rather than just being rented. I can barely wait! My CyberTruck will be here Saturday and I'm really excited about that! Not everyone is oblivious to what is going on. I'm 83 and as excited as hell about what is happening . And to top it off we now have Trump coming which is exactly what we need. What an exciting time!!!
one of your better discussions
Great Show
Humanoid robot is definitely not optimal form for each job, but it wins in its generality, it can do broad spectrum of different jobs. Also, we have already built so much data and infrastructure around humans. It makes more sense to first utilize that and maybe only create more specialized robots over time when the needs and possible optimizations are better mapped/understood.
Buffet was a late investor in Apple. Also his investing style is to hold companies that have been around for decades. At least he has IBM
This is so amazing and exciting!! The future is going to be so amazing for Tesla investors and the world!!!!!
this guest rocks.
I'm IN... I've been connected to the AI space for a bit - he is spot on - we are in the midst of a monumental paradigm shift. Great interview.
Healthcare bots sound amazing. I super optimistic on tesla and robotics however, somethings (like wiping) sound far away. Assistance to move seems fairly easy
Tesla is a lifetime hold
I’m a subscriber to Dumb Money. Good to see Chris on your show. Good job. Watched your assessment of the election the other day. Well reasoned and interesting. We get better information on these podcasts than anything on television.
Great take about seeing your portfolio just as if you are buying at the current price all the time.
What about feeling being observed and listen by an AI all the time? Intimacy will be a big factor why people won't want this in their home.
You already are. There’s a reason why Zuckerberg puts a post-it over his laptop webcam.
one of the best pods I've heard lately
Chris is a legend, his methodology is the real deal.
Excellent presentation!
Great click bait title and I mean that in a good way but Chris has not beat Warren Buffett. Apples and oranges. Taking a small amount of capital and growing it to less than $100M over a 20 year period is not the same as growing it to $1 trillion over a 80+ year period (WB made his first investment at age 11). As Buffett will admit, he is limited by two major consideration. One, his individual and institutional pension shareholders are dependent on a moderate risk profile for retirement. He knows these people personally in many cases and is not going to make investments outside of the appropriate risk profile. Investing your own money is not the same as investing OPM unless you are looking for a way to deserve jailtime. Second, with the amount of AUM BH has, they just can't invest in the way Chris invests. The reasonably priced market cap of a pre-revenue "opportunity" would be too small to even consider. I appreciate Chris's social media arbitrage investing philosophy but it has its downsides for most investors and Chris pointed that out too. It is highly speculative and even with great research you can see it fail by being too early (i.e. Kathy Wood).
Farzad, what health benefit does it make to always be standing up ? Thanks
When Bell demonstrated the first telephone, observers did not believe it. They thought the wires were just thin speaking tubes.
@GohanSaru Bell made a prediction that 'in the future every town in America will have it's own telephone '
How do I buy stock in Apptronik?
Warren Buffet lets a business prove it self first. Never first.
I'm proud to be part of the Web3 Infinity community. The project's growth and achievements have been impressive. Don't hesitate - join the presale and be part of this remarkable success story!
Wow!! Great talk!!!
This podcast is game changing
Good day from Goonellabah, NSW, Australia. I totally agree with you. ✅✅✅✅🤗Cheers, Ian Cleland
"Old people arnt gonna use smartphones". lol
This was great! The only thing I would say Chris is missing on FSD is the TAM expands once you enable overnight logistics networks and humanoid delivery robots. You could get all your deliveries at 5AM.
I’ve been saying that for years! What the heck is a hold, it’s either buy or sell.
Is teslas robot division under TSLA too?
try “crushing buffet” when you have to invest based on moving the needle on a 1 trillion dollar market cap pal
Chris: Would you please donate money/supplies to the relief efforts in areas affected by the recent hurricanes? People are suffering. Basic shelter, food, generators. THANKS
Honestly, I can't trust anyone who collects sneakers. Especially gold ones.
can you put the name of the guest in the description at least
I need a home helping robot 30 years ago, and still need it!!
So many people don’t indulge in the new technology to where they are afraid, but that is the future
Hey, that‘s the Same Chris Camillo who called Peter Rawkinson „kinda like a Steve Jobs when it comes to electric vehicles“ 😊😊😊
AI and robots will take over if not used responsibility. It is indeed. Matter of time when it starts scheming stuff and it’s logical reasoning and ability to argue surpasses humans and it becomes impossible to reason argue or make then accept human command. We are dangerously close to that point.
I don't disagree with Chris about the Robotics potential but picking the winner is going to be very hard - there are over 50 Humanoid robot companies already and more every day - China has the bulk of them - who will be the winner is anybody's guess - perhaps Apple will enter the humanoid bot space - it wouldn't surprise me.
I did not know that he's giving interviews from Michael Jordan's Shoe room.
A dynamic, non punitive AI tax pays for UBI rather than revolution so people can psychedelically update their software and reenter the world with new passions and skills to do things AI can't