Views : 114,022
Genre: Education
Date of upload: Apr 24, 2024 ^^
Rating : 4.78 (239/4,100 LTDR)
RYD date created : 2024-05-16T11:45:42.479795Z
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Top Comments of this video!! :3
If life gives you lemon, you make lemonades, so at this point instead of waiting for stocks to crash or recovery, focus on how to profit off the current market, Bloomberg, WSJ, BBC business(just to mention a few) have been recording cases of folks averaging 350k in 12weeks, so there's money being moved around if you know where you're looking.
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something you didnt mention is how peter had tons of private paypal stock in his ira and then rolled it into his roth. He paid pennies on the dollar for taxes for the back door roth converstion because paypal wasnt public so the value of stock was low. Now he has 5 billions in tax free money after paypal went public. This move saved him BILLIONs in taxes. Pay taxes low and avoid taxes on gains forever
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Peter Thiel made money selling. AND YES he needed to WORK.
The difference is that he worked on selling companies, whether he took them public or sold them to another company. And he knows well that it is not necessary to be the founder of a company to sell it, it is enough to have a stake in it.
The same with purchasing shares of other companies, it is a way of selling parts of other companies without being the owner or founder of them.
buy low, sell high.
The difference is that it focused on VALUATION, not so much on the gross profit of the companies, what matters in the stock market is that the shares one owns are from a company with a good future valuation.
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@louis71350
2 days ago
Hi, I started my 100k portfolio last year with SCHD, VOO, and VUG after watching one of your videos. In terms of share price, VOO is way up (22.25%) and VUG is waaaaay up (39.62%). Thanks for the education! Hoping this is a valid thought process?
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