Jaspreet Singh

I think about stocks like a ability for you to have future upside of a company.

So you are betting in a way on a company.

You're saying today, the price of Amazon is $10.

I think in the future, the price of Amazon will be $15.

I want to go for that ride.

It's called upside return.

With a bond, what are you doing instead?

You're saying, I actually want income.

It's like a certificate.

If I give you a hundred bucks, I promise you over the next five years, I'm going to give you 120 back.

You're not going to make more if the bond that you invest in goes up or down in price.

You're just going to clip coupons is what they're called.

It used to be like that.

So you're clipping the coupon.

And the reason we want both of those is because again, you want when the stock market crashes,

You want your bond to still be clipping those coupons, baby, still coming in.

When the stock market's raging, you want to capture some of that upside.

And that's how we play right there in the middle of investing.

Stage three is private.

So if you're a real pro and you want to go for three of investing, that's where we start to do private equity.