Derek Moneyberg

I'm happy to talk about things that I own.

I don't mind that at all.

But that's just a case study.

It's like, this is how I'm thinking about it.

This is what I bought.

This is why I bought it.

This is what I think might happen.

And sometimes I have to tell them I'm wrong, you know?

Yeah.

And I don't mind doing that either because I don't know anybody that's super successful that's like, you know, is 100% right all the time.

It's like you're going to have little failures and you're going to have little setbacks and like that's life.

People that buy individual stocks tend to lose money.

If you don't know what you're doing, the momentum of the market is going to cause you to have irrational emotions or to make emotional decisions rather than logical decisions, and you're doomed if you're not thinking rationally, if you're not thinking more long-term and rationally.

I strongly recommend you don't buy stocks.

Yeah.

You know, people ask me about, a guy wrote me the other day, he's like, I got, you know, triple leveraged ETFs for this and this and this.

And like, he's like, you know, I made so much money and I'm like,

Yeah, but someday the market will go down 20%.

That happens every, you know, 18 months, couple years.

Something happens, like the tariffs.