Sold the MSTR 29 Nov 2024 380 Put for premium of 15.51 Sold the MSTR 17 Jan-25 400/390 Bull Put spread for premium of 5.01 Note: MSTR is a very volatile stock.

NVIDIA Q3 FY25 EARNINGS ARE OUT: Adj. EPS: $0.81 vs. $0.75 Est Revenue: $35.08B vs. $33.16B Est Q4 revenue outlook: $37.5B

You need to make passive income before AGI comes in "2026​" AGI is Artificial General Intelligence. It is the super intelligence that everyone loves or fears. The western world is built on capitalistic ideals. This means money (aka capital) is the key driver of the economy. It is not about ​​​​​​how many hours you work, how hard you work but rather how much capital you have and how you deploy it. (Don't get me wrong - I value hard work and I work on my business every day. But a capitalistic society is about investing capital correctly) AI agents - basically robots that can perform a series of tasks and analyze it with AI will be phasing out "labour" in the economy. Repetitive tasks get automated. Manual tasks are done by robots (cost $15,000 each)​​​​​​​​​​​​​​​. Customer service is now done by AI chatbot (I love interacting with them but this means there are less customer services jobs) ​So if AGI arrives in 2026, this means there will be mass unemployment as society takes time to adjust. In case you get laid off (touch wood), you need to learn how to make passive income now. Computer programmers already know the number of job posting decline signiifcantly. 25% of Google's new code is writtern by AI. Nvida uses AI to design new chips Accountants already know 80% of their work are offshored to delivery center and more will be automated Doctors are now using AI to identify cancers and lawyers are using AI to draft agreements / summarize them. My friend who is using AI to write code save hours in coding. I personally use AI to code (even though I have a basic coding background). I use AI to do video editing even though I am not trained in film school. I use AI to write emails / draft legal agreements and more.​​ In other words, the "mass labour" component is being phased out. We are frantically searching for new work, new ways to do things and searching for more innovation.​ Before we figure out how society will adjust to this change, it is important that you develop multiple streams of income.

The financial success is less about intelligence and more about behavior, personal experiences, and the influence of luck and risk. Ultimately, it highlights that understanding money involves recognizing the emotional, social, and historical contexts that govern financial behavior. Points -📊 1. Behavior Over Intelligence: Financial success often hinges on behavior rather than raw intellect. 2. Luck and Risk: Both elements play a crucial role in shaping financial outcomes, often more than effort alone. 3. Unique Experiences: Individual backgrounds and experiences lead to vastly different views on money. 4. Compounding Growth: Small, consistent efforts can lead to extraordinary financial growth over time. 5. Survival Mindset: Staying wealthy requires a combination of frugality and a cautious approach to risk. 6. The 20/80 rule : A few successful investments often account for the majority of wealth, while many fail. 7. Control and Happiness: True wealth enables personal freedom and the ability to choose one’s lifestyle.

seven stocks account for roughly a third of the S&P 500's value. the Magnificent Seven, Nvidia (NVDA), Apple (AAPL), Microsoft (MSFT), Amazon.com (AMZN), Alphabet (GOOGL), Tesla (TSLA) and Meta Platforms (META), are using part of their enormous financial reserves to invest in smaller, promising firms. Some of the Positions by Magnificent Seven Companies are on the table: