77 episodes

This podcast covers growth investing in Canada and is dedicated to identifying the latest trends in technology and discussing ways Millennials can leverage them to better invest their time and money.

reformedmillennials.substack.com

Reformed Millennials - Growth Investing Canada Reformed Millennials

    • Investing

This podcast covers growth investing in Canada and is dedicated to identifying the latest trends in technology and discussing ways Millennials can leverage them to better invest their time and money.

reformedmillennials.substack.com

    #59 - Investors Guide to 2020 US Election, Snowflake, Unity, and the SPAC.

    #59 - Investors Guide to 2020 US Election, Snowflake, Unity, and the SPAC.

    In this week's episode, we're talking about the 2020 US Presidential Election and how it’s going to affect investors. We dive into the tax implications, the monetary and fiscal policy future, and what to do about it. Additionally, we discuss the hot IPO market (Snowflake, Palantir & UNITY). The episode is investing heavy and if you’re at all interested in more information on the new stock issues such as Airbnb, Unity, Palantir, etc, you need to check out our Reformed Millennials Facebook Group for daily updates, discussions, and deep dives into these trends.

    Listen on Apple, Spotify, or Google Podcasts.

    For specific investment questions or advice contact Joel @ Gold Investment Management.

    2020 US Federal Election: 🤴

    Imagine being an investor in 2015/2016 and pulling all your US equity exposure because you felt like a Trump presidency signaled the end of the world… Imagine pulling all your money and sitting in Gold or Bonds at exactly that moment…

    Imagine missing this: 📈

    📈😍Nasdaq is up ~180% since the end of 2015… You’re never getting those gains back. They’re baked in.

    Fast forward to today and you’re probably feeling the same way because uncertainty in markets makes us all feel scared but that feeling we have is the exact feeling you need to embrace to make money. When things get volatile, you need to take risk. That doesn’t mean go all in, but it does mean that you need to understand where and when to take that risk. Volatility is an opportunity. 🤯

    What if he doesn’t leave? 🐘

    If Donald Trump loses the election does anyone see him actually conceding? Biden may not be so fast to concede either, especially given the nature of a pandemic at the polls. Contested elections have been rare in recent history, but not unheard of. How might the market react, before, during, and after?

    In 2000 it took Gore 6 weeks to concede the election to Bush Jr. after the mess in Florida. And during that time the market fell by 8.5%. Investors don’t like uncertainty but if you have a long term horizon, its an opportunity.

    Trump Win: 🐘

    More of the same - artificially low taxes for longer (2025) when the tax and jobs act sunsets

    Rule of law continues to deteriorate

    continued ZIRP monetary policy

    Big continues to win while the small lose

    Biden Win: 🐐

    Increased corporate tax rate from 21% up to 28%

    try and repeal the tax and jobs act (unlikely to have enough support to so)

    Increase top marginal tax rate from 37-39 for people making 400k+

    Capital gains tax for people making >1,000,000 in income/year from 23.8 to 37-40% (not based on wealth but income)

    Eliminate the step-up basis for inherited wealth/ “death tax”

    Choose your fighter…

     SnowFlake ❄️

    Everything you need to know from crunchbase

    Popped 110% on its first day of trading!

    In short, Snowflake is a cloud data platform. Customers can store data, exchange it, use it for data applications, and data engineering, among other things.

    Interesting stats:

    Berkshire took at ~600m stake at a 30-35b valuation

    Bigger than Goldman Sachs, John Deer, and CVS

    1,400 employees (CVS has 300,000)

    Lost ~500m LTM

    🎥 Unity IPO 🕹️”The @unity3d S-1 is more than a filing. It's the roadmap for manifesting a Metaverse.”

    Founded in 2004 as a game studio, Unity has risen to become a foundational piece of infrastructure in the space. The company's engine — which makes it easier to develop a new game — is used by 53% of the top 1,000 mobile games. Though unprofitable, Unity brought in $541M in revenue in 2019, an annual growth rate of 42%. Big winners of this IPO include Sequoia Capital and Silver Lake Partners.

    Important Take-Aways for Investors:

    The game studio, founded in a Danish basement, now serves 53% of the top 1,000 mobile games, 50% of games across platforms, and 93 of the 100 largest game studios by re

    • 39 min
    #58 - Apple Fitness+, Oracle's TikTok bid falls short, Netflix's shocking new documentary, 'The Social Dilemma'.

    #58 - Apple Fitness+, Oracle's TikTok bid falls short, Netflix's shocking new documentary, 'The Social Dilemma'.

    In this week's episode, we're talking about Apple’s September 15th event and the new products announced. Unsurprisingly, we chat about the Oracle & Tik Tok deal, and finally the Netflix movie everyone is talking about, “The Social Dilemma”.

    Listen on Apple, Spotify, or Google Podcasts.

    If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.

    👉 For specific investment questions or advice contact Joel @ Gold Investment Management.

    🍎 Announcements from the Apple event.

    📵 Oracle’s bid for Tik Tok might not be good enough.

    🤳 The Social Dilemma shines a light on a huge problem.



    p.s. If you have been forwarded this newsletter, click the button below to subscribe!

    Get on the email list at reformedmillennials.substack.com

    • 28 min
    #57 - Real Estate Investing with Jon Gold REITs #2

    #57 - Real Estate Investing with Jon Gold REITs #2

    In this week's episode, we're talking to President and Founder of GIM, Jon Gold. We do a deep dive into the North American REIT market where we identify some value plays, areas of the REIT market we think will continue to struggle, and some really interesting opportunities in the Canadian and US public markets. If you’re interested in dividend-paying stocks combined with a nice little tax play, this is a fantastic episode for you.

    Listen on Apple, Spotify, or Google Podcasts.

    If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.

    👉 For specific investment questions or advice contact Joel @ Gold Investment Management.

    Since our call last week, technology growth has puked and is down significantly while REITs have caught a significant bid.

    Tale of the Tape:

    Stocks mentioned in the podcast:

    p.s. If you have been forwarded this newsletter, click the button below to subscribe!

    Get on the email list at reformedmillennials.substack.com

    • 31 min
    #56 - Tesla is Overvalued and Elon Knows It. Walmart+Shopify vs. Amazon, and Winners and Losers of the App store battle.

    #56 - Tesla is Overvalued and Elon Knows It. Walmart+Shopify vs. Amazon, and Winners and Losers of the App store battle.

    In this week's episode, we're talking about how Apple is tightening privacy settings in ios14 and how that might affect Facebook. We'll revisit why companies like Tesla issue stock to raise money when their share price is up and end off talking about whether there will be a place for the traditional grocery store in a world of same-day deliveriesOn Spotify click these timestamps in the show notes to skip ahead in the episode.

    Will iOS 14 privacy updates affect Facebook or Amazon? (0:55)

    Why companies like Tesla issue stock to raise money. (13:50)

    Amazon fresh versus Walmart groceries. (25:00)

    Listen on Apple, Spotify, or Google Podcasts.

    If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.

    👉 For specific investment questions or advice contact Joel @ Gold Investment Management.

    📵 Facebook Says Apple’s New iPhone Update Will Disrupt Online Advertising

    Under Apple’s changes, which will go into effect this fall in its iOS14 operating system, Facebook and other companies that facilitate online advertising will no longer be able to collect a person’s advertising identifier without the user’s permission. Many apps will begin asking users whether or not they want their behavior on the web to be tracked for the purposes of personalized ads.

    Example of Financial Time Misrepresenting the facts:

    Check out Ben Thompson’s outlook on what this spat between Apple and Facebook means and who will come out the winner and who will be the losers… it’s not who you think. see here

    From the linked outlook article: Apple’s de facto deprecation of the IDFA here: Apple and Facebook

    Every user on iOS has an Identifier for Advertisers (IDFA) (Android has equivalent functionality); Apple added the IDFA in 2012, and banned ad networks from using a device’s MAC address or Unique Device Identifier (UDID) to identify a user. Unlike a MAC address or UDID, the IDFA could be reset or turned off by the user; if turned off, then a call to the IDFA API simply returned all zeros.

    Because the IDFA is consistent across applications, it makes it possible to track a user’s activity across apps. For example, suppose you click on an advertisement in one application for a mobile game, download the game, and then play the game; because the IDFA is the same across both apps, the ad network knows that clicking the ad led to you downloading and playing the game.

    Facebook super-charged this functionality: because Facebook also has access to the IDFA, it could more finely target that ad in the original app, drawing on all of Facebook’s data about you; this meant that the game developer could advertise to fewer people because they had a higher liklihood to convert, which meant that Facebook could charge a higher price for the ad on a CPM ( cost per thousand of advertsing impressions) basis, which meant the original app made more money from running the ad.

    🚗 Tesla

    Over the last 6 months, Tesla has been the hottest stock in the market. Since March 23rd lows it’s up nearly 600%… But is it Justified? There’s a bifurcation on Financial Twitter regarding the valuation and justification for its price…

    Choose your fighter. Short Sellers are down 18 billion this year and were down 4 billion in July

    🛒 Walmart’s new Amazon Prime competitor, Walmart+ will launch on September 15.

    What does Walmarts relationship with Shopify mean for retailers? Will Walmart+ be worth the money and does it make for a formidable adversary to Amazon prime and their fulfillment business.

    We think it does.

    The service will cost $98/year giving customers free shipping on orders over $35, Scan & Go shopping, and fuel discounts.

    Monthly subscriptions will also be available for $12.95.

    We can only assume Prime mem

    • 40 min
    #55 - Could a Biden win be good for the stock market? Also, should tuitions be cut for remote classes or will students ditch designations for Lambda School and ISA's.

    #55 - Could a Biden win be good for the stock market? Also, should tuitions be cut for remote classes or will students ditch designations for Lambda School and ISA's.

    In this week’s episode, we’re chatting briefly about Politics - whether the Conservative leadership race in Alberta has any downstream impact and more importantly, some predictions on what a Biden administration might mean for the stock market. We’re also going to discuss Lambda School, income sharing agreements as a viable form of educating high skilled workers, and lastly a reaction to Jerry Seinfeld’s op-ed in the New York Times on why he will never ever abandon New York City. On Spotify click these timestamps in the show notes to skip ahead in the episode.

    Could a Biden win be good for the stock market? (6:25)

    Lambda School and income sharing agreements. (12:45)

    Thoughts on Jerry Seinfeld’s NYT op-ed. (25:00)

    Listen on Apple, Spotify, or Google Podcasts.

    If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.

    👉 For specific investment questions or advice contact Joel @ Gold Investment Management.

    🏛️ Could a Biden win be good for the stock market?

    For more context on this statement listen to the clip starting at (6:25).

    🚌 What are ISA’s and how is Lambda School making a dent in post-secondary education?

    @LambdaSchool, put simply, is a Computer Science education with no tuition until you get a job. Last week they announced $74M of new funding to push forward their incentive-aligned education mission. Previous investors include Ashton Kutcher, Stripe, Y-combinator, among many others.Their income sharing agreement (ISA) with students is straight forward, except in California. (Austen is their Founder and CEO)

    🚌 Who is James Altucher and why is Jerry Seinfeld mad at him?

    Jerry Seinfeld was born in Brooklyn in 1954 so it’s no wonder that when James Altucher published an article on LinkedIn titled NYC IS DEAD FOREVER he took offense. This may be old news to many but Seinfeld decided to write a scathing op-ed rebuttle in the New York Times, linked below.

    In this episode, we mention another article written by James titled how to get a MBA from Eminem. What do you think, is New York dead?

    🔮 Predictions:

    *Disclaimer: GIM staff, clients, immediate family, and relatives own REITs and other securities mentioned in this podcast directly and indirectly. This email and anything mentioned in the podcast is not investment advice, for informational purposes only. Full disclosure is at the end of the podcast audio.*

    Biden wins (listen to the clip @ 6:25 for the impact on stocks).

    Tuitions stay flat.

    NYC (and other major cities) are reborn as more diverse and multicultural.

    p.s. If you have been forwarded this newsletter, click the button below to subscribe!

    p.p.s. This week’s riddle:

    These 5 guys don’t come with fries. They don’t write hit singles, or do stadium shows live. But when it comes to views they’ve got it covered, 53 million subscribers for trick shots -that’s one big number.Answer from last week: Ryan ReynoldsEnjoy the rest of your week!

    Get on the email list at reformedmillennials.substack.com

    • 37 min
    #54 - Will Apple suffer for blocking Fortnite, Facebook gaming, Reels vs. Tiktok, and why a vaccine will be the only thing that matters to markets.

    #54 - Will Apple suffer for blocking Fortnite, Facebook gaming, Reels vs. Tiktok, and why a vaccine will be the only thing that matters to markets.

    In this week’s episode, we’re chatting about why the feud between Epic Games (Fortnite) and Apple is important. We talk about how Facebook gaming ranks in the world of video game streaming, how Instagram’s new Reels product is doing compared to Tiktok, and why a possible vaccine is the only thing that will matter to markets.On Spotify click these timestamps in the show notes to skip ahead in the episode.

    The Apple and Epic Games feud. (1:20)

    The Facebook thesis from gaming to Reels. (11:00)

    How markets will react to a vaccine. (17:50)

    Listen on Apple, Spotify, or Google Podcasts.

    If you aren’t in the Reformed Millennials Facebook Group join us for daily updates, discussions, and deep dives into the investable trends Millennials should be paying attention to.

    👉 For specific investment questions or advice contact Gold Investment Management.

    🍎 Will Apple Suffer From Blocking Fortnite?

    For context on where we’re at, here’s the timeline: August 13th - Apple removes Fortnite mobile from the App Store for violation of payment terms.August 13th - Epic Games issues this 65-page lawsuit against Apple.August 17th - Apple announces its plans to cut off access to Epic’s developer tools on Aug 28th for anyone developing on top of the unreal engine. Listen to the possible outcomes for Apple in the segment of this podcast at (1:20).

    🎮 How Is Facebook Gaming Stacking Up To Competitors?

    Late last month Microsoft decided to shut down their streaming service, Mixer, and instead partner with Facebook.

    From the chart below this helped them pick up at least another ~3% of the market.

    For more context on how this competition breaks down, it was recently reported that in Q2 Facebook gaming racked up 822m hours watched vs Youtube (1.5b) and Twitch (5b).

    Listen to the segment at (11:00) to understand how this portion of their business affects the overall Facebook investment thesis.

    📈 Why will a vaccine be the only thing that matters to markets?

    Listen to the segment at (17:50) or join the discussion on this post in our Facebook group.

    🔮 Predictions:

    *Disclaimer: GIM staff, clients, immediate family, and relatives own REITs and other securities mentioned in this podcast directly and indirectly. This email and anything mentioned in the podcast is not investment advice, for informational purposes only. Full disclosure is at the end of the podcast audio.*

    Apple deserves the 30% commission and won’t lose this battle.

    Gaming justifies the duration of the Facebook play. Net positive, won’t touch Twitch until they can figure out a better way to pay creators.

    The sentiment of a vaccine would be extremely positive for the stock market outside of tech (watch for oil & copper to bounce if this happens).

    p.s. If you have been forwarded this newsletter, click the button below to subscribe!

    p.p.s. This week’s riddle:

    I have Canadian roots and am most known for red suits. My wife and I live in LA but cheer for Green Bay.I hate flying but Aviation is my brand.As of this week, George Clooney is my casamigo… aka right-hand man.

    Answer from last week: PalantirEnjoy the rest of your week!

    Get on the email list at reformedmillennials.substack.com

    • 32 min

Top Podcasts In Investing