#109 - Steph Curry Joins Tom Brady as a Shareholder in FTX Crypto Exchange, Prof G Millennial Investment Strategy & Business Lessons from Wyndham's Select Service Model.
In this week's episode of Reformed Millennials, Broc and Joel discuss 2 general millennial Investment strategies #1 - Professor Galloway shared his advice for 25 year olds, what to look for to find assymetric outcomes and the anecdote that selling half on a double and freerolling the rest is actually a bad idea - and #2 - how the trend of making increasingly more risky decisions to "catch up" to where you believe you should be in life plays out in end. Of course at the end we'll also share some more specific examples of companies and trends that could fit in those buckets including Nintendo, Netflix and Wyndham hotels.
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👉 For specific investment questions or advice contact Joel @ Gold Investment Management.
This trading week is only four days long due to the Labor Day holiday on Monday. Major companies reporting their quarterly performances include Lululemon Athletica (ticker: $LULU) and Zscaler (ticker: $ZS). Investors will be looking for more commentary from Affirm (ticker: $AFRM) management on their partnership with Amazon (ticker: $AMZN) during the earnings call on Thursday.
Key Earnings Announcements
Yesterday: , Coupa Software (ticker: $COUP), SmartSheet (ticker: $SMAR)
September 9th: Zscaler , Affirm (ticker: $AFRM), Academy Sports and Outdoors , Traeger
September 10th: Kroger Co.
Investor Events To Watch Out For
September 8th: Tim Wan, CFO of Asana (ticker: $ASAN), presents at Wolfe Research Inaugural TMT Conference
September 9th: Tony Capuano, CEO of Marriott International (ticker: $MAR), will speak at Bank Of America Securities Gaming And Lodging Conference
September 10th: Michael Linford, CFO of Affirm (ticker: $AFRM), participates in fireside chat at the Deutsche Bank Technology Conference
Market Tweets of the Weekend:
Bitcoin needs to hold 46k:
And ADA needs to hold its previous spring high:
Canadian Housing Market Vs. USA:
💸Reformed Millennials - Post of The Week
Ive Been Trying To Better Understand NFTs and What They Mean:
Attached are two really thoughtful articles. First, a post about what it means for modern art.
So here we are, but instead of 1890 when Modern Art began, it’s 2021 when NFT art is beginning. Are you going to go score yourself an investment? Or do you prefer to sit back and watch until you see who the most valuable artists are. Either way, it’s an exciting time for this digital revolution going on in our lifetime.