Eric Pan: How He Built a $1.3M Portfolio From Nothing (Full Interview)

Hello everybody. My name is Gav Blackburg. I'm the CEO at Wolf and your host for today. And joining me for a special episode is Eric Pan, the CEO of Ericnomics. You've probably seen him all over Instagram and other places. He makes incredible finance content showing how he has built a sevenf figureure portfolio and it is very possible for you to do as well. So that's what we're going to dive into today, Eric, and really show the audience how you've had a lot of success. You have a very unique, I would say, you know, background in finance. You've experienced a lot of different things and you've been able to put them all together to formulate your current trading style. Few hundred thousand followers doesn't hurt as well. Welcome to the show, Eric. >> Thank you for having me. Super excited to be here. >> Excited to have you on and I want to dive right into things. So, you know, I follow your posts and recently you have shown several times how you have hit that seven figure portfolio and you've shown people a variety of the ways that you've accomplished it. But I kind of want to ask you straight up on the show, how did this come to be? Where did this start? How did you begin to stack and grow wealth in a way that anybody can? >> Yeah, so I was always a little bit reluctant about showing my portfolio just because of like, you know, just being a a figure online. You don't want to be like exposing everything out there, too. But after a little while, I'm just like, "All right, hell with it. I'm just going to show it." So, I think um this was obviously not like a get-richqu scheme. This was in the works uh for over a decade, right? Uh I'm 33. I just turned 33 years old and I amassed a what $1.3 million portfolio. So you're talking about over uh what since I was like 20 years old of since I started investing to where it is now. So this is a pure example that anyone can do this is very achievable just as long as you have a plan and stick with it. So um I think you know starting from like my early days of investing uh luckily I had a finance background so that also helped me as well too and also working in the industries knowing like seeing what the professionals essentially do and also sort of in a way you spinning my own style to that and then also just lastly just staying consistent with it is probably the key thing on how I got here. Before I go into the positions themselves, I want to take a step back for a second because one thing which always stands out to me is you talked about how you were working from a really young age, right? Hustling, uh, working for the parents, right? Doing all these different pieces before getting to here. Do you think that these things kind of go handinhand with investing? Like the people that are scrappy and resourceful and working different side jobs, you know, putting that together with investing and that's how you can truly grow a portfolio. >> Oh, hell yeah. Of course. Uh I think if anything like working at a such a young age builds discipline and builds character, right? Like at a young age like not a lot of people are working. So like I was essentially hard work was essentially ingrained into me since I was like seven years old. So for those that don't know, I was working at my parents' laundry man since like seven or eight years old. That's like child slavery or something like that too. But somehow I managed to do it. So, I think being uh at a super young age and working like a W2 job or any job, a side hustle whatsoever really builds that resilience and discipline that you could really translate into your investing thesis because half the battle is just staying disciplined and you know uh uh staying throughout like when uh times do get rough. So, it certainly does help a lot. >> Awesome. I think it I agree with that and it also helps to bring in additional income that you can invest. So, let's take a look into the portfolio. Now, I think this is what people are super interested in. The market right now is a bit tumultuous, right? We're we're basically still at all-time highs when you look at indices, but a lot of the stocks that people were getting into have been crushed. You know, many of them 30 40 50% down just in the past month or two. So, how are you currently allocating capital in this $ 1.3 million portfolio? >> Yeah, absolutely. So, as a 33 year old with a relatively high risk profile, I'm definitely heavy on the tech side. So, I'm certainly feeling the pain and all the chaos that's been happening recently as well. So, we're starting to see a massive uh chip selloff from all the uh big names like Micron, SK, Highix, and such as a repricing after uh all this uh uh external headwinds that's coming along. One of them being uh the new Chinese memory maker that just went recently IPOed. uh new ch uh Fed chair Kevin Worsh's uh hawkish tone on the uh the Fed um and everything like that. So, I've been certainly been feeling that in my portfolio as well, too. But it's also really uh super important to understand that you will never uh you have to risk what you're willing to lose. I've been in scenarios where my uh portfolio are down are are drawing down 30%. That was like in 2022 when the market was doing down uh 20%. But meanwhile, obviously uh my portfolio being a little bit more risk, I took a little bit even a harder hit. So uh it's certainly a place that I've been there, done that. So these large price swings, um I'm not necessarily losing sleep over because I know 100% about my risk tolerance. But also, uh you know, the the best thing that anyone can really do in this environment, the only free lunch is diversification. So, I like to think of like my taxable brokerage as sort of like my play money. That's just like my fund money where I'm doing veryatic investment thesis. But meanwhile, my Roth IAS, my 401ks, my retirement accounts, like I'm not messing with that. Those are things that's my retirement. I'm doing very principal-based approaches. So very good diversification, very broad-based uh um index funds, some thematics here and there, but my regular brokerage is more so like my whole moonshot portfolio, I would say. >> I want to talk about that moonshot portfolio first. What are some of the largest positions in it and what gives you the confidence to make them that big? >> Yeah, absolutely. So like everybody under Mothers, everyone's into memory trade right now, too. So Micron and a few others make up a big portion of that portfolio. But luckily, I was able to get in relatively earlyish, but I was continuing to add onto that position as things continue to fall. Now, um uh as Micron uh continues to fall below like I think uh below $900 as we speak, uh I'm still continuing dollar cost average in. Of course, I still have my like buy zones and I'm still doing options plays on top of that, too. So, whether those are cash secure puts at uh attractive entry points and then also selling uh covered calls whenever I do get assigned on those. So at least I'm collecting income on those. Um and then on top of that um I am also trying to diversify away from uh memory stocks as well too. I do love to play the whole AI infrastructure uh thesis right now too. I think uh originally two years ago it was all about the chips. Now it's all about the memory. Now uh I think the next thesis is probably going to be like the energy that supplies all of that. We are in this energy constraint right now too. So I have my eyes on a lot of different uh infrastructure plays such as the energy um uh uh providers such as constellation energy to the uh um providers of the turbines like uh GE Veronova. >> I like G Veronova. I want to talk a bit about more of that in a second here. Just when it comes to Micron, you mentioned continue to add. I really do like Micron here, especially when it comes to these memory names. I think that they have a long road ahead of them. You know, I talked recently on a video with ticker symbol UU about how this has become, you know, less cyclical at least if not out of the cyclity that it was beforehand of an industry because you now have years and years of contracts that are being established to make something like Micron a big position. What was the type of research that you went into within there? Are you typically looking at fundamentals? Do you look at technicals when you're adding to it? What gives you the levels that you're going to add at? >> Yeah, of course. I I just always start on a fundamental basis first and then I add technicals on top of that to uh to determine my entry points. Um after doing my uh fundamental analysis um like I had good confidence uh uh about entering in because it was trading at a very very attractive valuation. You're talking about like barely like in the single digits on a P or even price of sales or even forward prices uh um forward valuation side as well too. So those numbers look really really attractive. now. And then I pair that on top of uh technical analysis to determine when I'm going to be entering in. I look at support and resistance. I'm not like one of those like crazy astrology like people who uses like draws charts everywhere. That's that's essentially like astrology for guys, right? So like I'm just looking at just simple purely like resistance and support levels. Uh and then uh once it gets to like those support levels, that's when I typically add in. So, my price target right now is I'll be adding in around like the 850 ranges. If it goes down a little bit lower, then I might add around like the 800 range. >> Got it. Yeah, we were looking I I'm definitely looking at 750 as an interesting point. I think that there's a lot of people that were in my YouTube comments saying in the 6650 range. Obviously, if it gets down there, that's a big pullback. That's 50% pretty much off of all-time highs within this area. You mentioned diversification, right? Is is the only free meal. How do you decide when it's time to concentrate versus diversify? And in general, how many positions are you trying to manage? >> Yeah, so typically I try to manage around 30 positions. I found that's the sweet spot. Uh as well as that, that's actually also uh based by research as well too. If you have 100 different positions, even if like a couple of these positions do a 2x, like that's barely going to be moving a needle on your whole portfolio. So I found that 30 positions is a little bit more on the sweet spot. Now there's a saying that diversification is a protection against ignorance but if you want to generate uh wealth you have to go through concentration. So that's where I kind of look at it where every single seat of one of these 30 seats has to essentially fight for its life, right? Um if I am looking at something new, something else has to go. So that's how I'm kind of like uh uh imagining it. So right now those 30 positions are sort of like these high conviction plays where I do feel comfortable enough with allocating a fair amount um until my thesis change. Is there anything outside of tech and AI that you know people might be surprised to see in the portfolio? >> So, I am a big digital asset guy. So, I love crypto, I love Bitcoin, I love Ethereum and everything like that, too. Of course, right now we're seeing a bare market in the crypto industry, but I do have fair conviction that things will pick up closer to Q uh Q3 to Q4. So, I do still maintain a lot of those positions. Um, uh, most of those are just underlying, uh, digital assets such as Bitcoin and Ethereum. Some are a little bit more of a unique derivative play such as some DATs and stuff like that, but I don't go too far away from there. >> Got it. Okay. Very interesting. That's still in the portfolio. >> Yeah, unfortunately [laughter] it's been taking a huge hit. >> Yeah. Yeah, they definitely have been. You know, crypto, I think, is something where I'm looking for November, right? You have some things that were October, November, some things that might align around there. I did a video with Ben Con about that recently. Okay. So, couple couple unique things in here. AI now within AI, you really mentioned picks and shovels, right? That's kind of the thematic in the lead here. So, do you also have Nvidia and other pieces like that that are not necessarily picks and shovels, but more so leaders? >> Yeah, absolutely. So, Nvidia was obviously the darling back in what 2024 and such. So luckily I also had uh got in early where my cost basis was like closer to like $20 or something like that. So I'm sitting on some fairly nice gains but of course uh things have moved away from that as well. Um but also uh backtracking of course I still have some of the other uh direct AI players as well too. So you're talking about Google, Meta, uh Microsoft. Those are going to be like the Mag Sevens, those are the triedand-trs. Those have been in the portfolio for ages now. Of course, we're we've been seeing that the MAG7s have been lagging uh against the whole broader industry because of the whole uh concerns around uh capex spendings, right? We saw Google for the first time in its history having negative free cash flow. And I do foresee that being also the case for all the other MAG7 stocks as well too as Meta and Microsoft report uh earnings later this week. I wouldn't be surprised if we do see negative free cash flow and then eventually we are going to see some negative repricing around that as well too especially with the tone of uh Fed chair Kevin Worses as rates continue to increase cost of borrowing will also increase as well too putting even additional negative pressure onto the uh the effects of negative free cash flow. So I do believe that we will see a repricing in the future um uh because of all of that. >> Okay. Interesting. Yeah. Let's let's talk Kevin Worsh for a second here because you mentioned him a couple of times. Trump today said that interest rates need to come down. Uh Kevin Worsh, you know, we'll see what he ends up doing. What's your read on this and especially, you know, how he affects the macro picture? >> Yeah, it's largely considered that uh uh in this week's meeting there won't be any changes whatsoever. Currently right now the Fed uh Fed watch tool has chances I think it's around like 65% of no change. Calcian poly markets and the other prediction markets are actually pricing in 80% no change. So I think the large uh consensus here is that we're not going to see anything move. However, um there is higher odds of the September uh rate hike as well too. But of course we won't know until we actually do see the uh meeting that comes out after the decision is made. Yeah, and I should give people a point of reference today that we're recording this is Monday, July 27th. So, just important to keep in mind, right, with FMC meetings and other pieces like that in terms of where stocks are as we're talking about them. Also, you know, we're we're seeing some interesting movement today. We saw big drops in SanDisk and MU. today specifically, you did mention that part of this could be driven by what we're seeing over in China, right, with was it CMXT that went ahead and had a massive IPO and the idea is I'm curious how much you've explored this actually. We could talk about this for a minute and you know we can move on if it's not the area, but there's this concept that I've seen a lot of people talking about which is what if China floods the market with cheap memory, right? And it's, you know, you basically see like right now none of the three major memory makers are based in China. You've got Micron in the US and then you have SKH Highix and Samsung. And so they're the big the big three right now. But you know over time historically as we've seen typically things come cheaper from China, right? And that's you know why people order things. It's why I can get my Baltimore Ravens jersey for you know 10% the price on DHGate. Uh all that good stuff. Do you think that CMXT poses risk to the area and what do you think about um how you view that as a large holder of Micron? >> Yeah absolutely right about that. U we all love DHGate and Timus and our Shiens and stuff like that too. So uh China has long been known to be able to being the manufacturer of the the world essentially right now we currently only see three providers of uh memory um uh Micron SK Highex and Samsung. Now we have this new uh uh player coming into the game this fourth big player I think um they had about 8% of global market share in 2025 filings. So we are going to see uh u a lot more competition coming in. Now however I wouldn't be too too concerned uh only because we have seen Micron and all these other uh memory makers sign on large uh long-term contracts that are essentially bottlenecked until 2027 or even beyond that as well too. So like you had said, we are kind of getting out of like this cyclical memory cycle nature and going into uh these terms where uh we are locking in long-term contracts. So it's going to be less cyclical. However, that's not to say that, you know, we won't see a little bit of headwinds because we certainly will. Um but I wouldn't be too too concerned, I would say. >> Okay. Yeah, it's interesting to see. I think it's a bit of a wait and see play. This CMXC is also, I believe, going to be available for US investors. Is that correct? Or is it >> I actually don't know about that. I I thought it was on the Hong Kong or the Shanghai market. I could be wrong about that. >> You know, I wonder if not, it'll probably get thrown into ETFs. I actually was going to Let me look this up for a second, but while I do that, let me ask you. One of the reasons that ETFs, especially thematic ETFs, has gotten so popular is they've given people exposure to areas that they can't buy directly. So SKH Highix, you know, we saw DRAM have like a 20% exposure to SKH Highix raise a ton of money. Do you think this is something with uh CMXT and others that that we'll continue to see? And do you own any of these ETFs? >> Yeah, certainly. So I do love DRAM. I actually hold it in my portfolio as well too. And I do foresee that these ETFs like DRRAM uh actually starting to allocate uh toward and get exposure towards uh this new uh uh Chinese uh company uh Chinese memory provider as well too. DRM was the only real way to get exposure into SKHEX and Samsung other than you know EWI and stuff like that as well too. But with the uh entrance of ADRs, actually not even an entrance, who knows? Maybe this uh company will actually do an ADR into the US markets as well too, similar to what we saw with SKH Highix. >> Yeah, that's what I'm certainly curious about. I'm I'm doing a little bit of research on it. Um but if people in the comments, you know, end up seeing this, feel free to please go ahead and kind of let us know if this is something that you see coming over. Let's see. CMXC is now a public company, largest Chinese maker. Yeah, it might just might just be over in China though right now from what I'm seeing. But I am seeing that um the KStar ETF, the the China Technology one uh from Crane Shares is giving people access to this already. So, it's it's already inside of some of these ETFs. >> Yeah, I'm not I'm not surprised. a lot of these ETF issuers really jump on these uh themes really quick, especially like since uh SpaceX had just launched IPOed and then literally next day later we saw literally I think like two other issuers um develop 2x inverse and leveraged ETFs right on top of that as well. >> Yeah. Yeah. That's been a crazy part. H what's been the view for you in terms of the ETF world? We now have more ETFs in stocks. We have more ETFs being launched, you know, every single year and it continues to increase. there's tons of money going into them from institutions as well as retail. You can get exposure to strategies and stocks that you couldn't otherwise. Uh it's really unique and something that I've been watching closely. >> Yeah, it's really interesting. Like you had said, the fact that we have more ETFs than stocks just goes to show like how crazy this environment is becoming, right? Um I foresee that many of these ETFs will eventually shut down as well too because uh uh for those that don't know there is a break even point in terms of how many assets you can have before you even start like breaking even on just your fees alone just to maintain it. So I do think that over time we will probably see a consolidation of these. But for now like it's it's a huge money makers with high fees and you know we're starting to see a lot of retail people flood the market uh for good or worse, right? like we're starting to see uh Korean retail investors leverage up 5x into the Korean stock market and then you know after a large draw down wiping away their entire savings. So it could be for the good or the worse. >> Yeah. What do your does your audience ever ask you about using things like leverage and other pieces along those lines? >> Yeah, a little bit. Um I do try to take a principles first approach where I tell them to very uh be very careful about that. It's like playing with fire. It could do a lot of good, but it could also burn you as well, too. So, as long as you are perfectly aware of what you're going to be doing and you're okay with it and you won't lose sleep if you, you know, uh, lose a finger or two, then that's fine with me. But, uh, you know, as the great Charlie Mer once said, you really want to avoid what was it? Uh, liquor, ladies and leverage, right? So, yes. >> Yeah. Yeah. >> That is a great quote. Um, okay. Okay. Uh, one more kind of question on the portfolio side and then I do want to talk about the yield area because I know that's something that seems like you're really an expert within. On the portfolio side, what is something which you have sold out of over the last month or two? Something that you've removed from the portfolio and why? >> Yeah. Um, I don't think I've removed completely, but I am looking to actually trim uh just pure play semiconductor stocks uh like my Nvidia actually. Um I was actually contemplating about that over the last couple days too. Uh one uh like one of the reasons is like you know it hasn't really been moving and it hasn't been like this star player it once was back in 2024. So we can only see so much going on over there. Um so I am thinking about rotating out of that and into more of that thematic uh infrastructure play like I had mentioned to you uh like the picks and shovels. What do you think of Bur placing a short on Nvidia as well as a couple other big names? >> Yeah, I'm not I'm not surprised about that. Um what I am surprised was what was it? Um uh situational awarenesses CEO uh I forget his name, but basically he was put >> no um uh the the 22year-old star hedge fun. >> Oh, sorry. Sorry. Leopold. Leopold Asher. >> Leopold. Yeah, Leopold Ashbrunner. Yeah, sorry. uh he put a massive short on a lot of these chip makers which I was very surprised about. Now my my idea of uh uh trimming that does not come from their influence whatsoever but more so just kind of like trimming my exposure since I'm so heavily overexposed. >> Got it. Got it. Makes sense. Yeah. Couple of Leopold's names not going quite the way that they were, you know, four to six months ago. I don't know if you've watched TE running in some of these. they they seem to have no uh no ability to go up anymore. >> Yeah. And also like uh his top holding Bloom Energy uh there was like some short uh information, some counting scandals and stuff like that as well. So it's not looking too great right now. >> Yeah. Well, so so makes a market. Nobody can be perfect forever unless you're I guess Warren Buffett. Uh yeah, I think that man just kept it riding. Crazy enough, I think it's a little crazy actually. Um, just to comment on Buffett, that they sold out of Apple, which is now the only uh Mag 7 that continues to carry upside. It's the only one that decided not to put a ton of capex into AI, and they're just continuing to hit all-time highs, but no longer a giant Birkshshire position. >> You know what I was surprised about was their entrance in Google. Um, so, uh, Google had issued new shares recently and Berkshire Hathaway was the one who actually bought most of those at a huge steep discount. So, um, yeah, I find that super interesting, honestly. >> Yeah, a bit of rotation there. I am big on Google. I I don't think that they're going anywhere. I do think that it's a bit odd that, you know, to me when I talk with people about using AI, nobody ever suggests Gemini. It's like not really a thought. >> Not anymore at least. >> Yeah. Yeah. Not anymore. It's obviously Claude and Chat GBT that seem to be leading. >> Grock is kind of, you know, at the moment, um, not the thing that I see people like actively using a ton. Um, some people use it more than others. And then Gemini right now is really just used as Google was used from what I can see. I don't see people going in and saying, "Oh, I'm making my AI agents on Gemini or I'm coding on Gemini or something like that." Yeah, they you know Gemini used to be one of the frontier LLMs uh back like if you say like you know even a couple of months no probably not a couple months ago like last year where they were actually the highest uh benchmarked against all LLMs but I feel like they've been really losing uh the uh the pole positions recently through obviously Anthropic and Chat GBT. Now chat GBT remember they had started losing and then now they're starting to make a comeback as well too which goes to show how tight this whole AI race is. Many say that China is only what six to eight months behind but in reality it's like three like less than six like three months behind honestly. So it's it's crazy just like you blink one second and then like all of a sudden there's like huge huge developments from like uh some unknown player like Kimmy K2, right? or was it Kimmy K3 or something like that, right? >> I think it was Kimmy 3. Yeah, >> Kimmy K3 from Mooshot's AI. No one has ever heard about them say a month ago, but meanwhile they're actually uh uh almost handinhand with Opus, which is nuts, right? So, this this race is getting really really close. >> Do you use AI a lot in your day-to-day right now? >> I do for research purposes. Um obviously within my own like uh investment research as well as just sort of like day-to-day activities as well too. It has unlocked a ungodly level of uh productivity for me and my business. >> And are you mostly using it for when you talk research for you know hey I'm interested in the stock or how do you go about it and which platform are usually doing that on? >> Mostly on Claude. Um Claude is the the crowd favorite and I've seen that it's done the best so far too. I only really use it for research purposes now because before uh you had to go into all the uh official filings from SEC and Edgar just to find and pull numbers, but Claude can do it in a matter of seconds and actually uh develop these research reports that are equ uh research uh uh um institutional grade level. So, which is insane. Um, I probably wasn't really using it too much up until maybe like a month ago just because it was still pulling stale information and it was not the greatest. But I I have to admit that it's been a huge upgrade within the last month or two. >> One thing which I do with rallies myself or sorry which I do with Claude myself and I'll have to kind of show you this is I have an MCP that I plug in. Are you familiar with those for Claude? Are you using any? >> Yep. Those connections. Yep. >> Yeah. Yeah. So I have an MCP connection into Rallies which is my AI research app basically and because inside of my research app we already pay for LSAG and tip ranks and other companies like that to provide data inside of my cloud now it can actually pull from my app >> and get real time financial data news earnings everything >> that's right away. >> Yeah I'll have to >> actual good information right there. I have to give you uh give you uh some connection to the MCP so that way you can kind of supercharge your claude because it's nice. You still just do everything in cloud. It just has much better information to work off of. >> Oh my gosh, I'm super excited. Yeah, I would love that. >> Okay, cool. I'll make I'll make a note. I'll make a note. We'll get it over. All right, while I'm doing that, uh let's talk about yield because this is something I see you post about a lot. I believe you use Nook, but maybe you can talk a little bit more outside of that. You know, why are you interested in storing cash for high yield right now? And then for people that have maybe been burned on high yield beforehand and are like, "Hey, anything above the Fed funds rate is, you know, not real and stuff like that." How do you look at it and really do your research, get comfortable with it? >> Yeah, of course. So, I always suggest that every investor have some dry powder, have some idle cash sitting on the sidelines to be able to at a moment's notice to be able to dep be deployed uh whenever you want. Uh whether it's like you see a great buying opportunity or, you know, a pullback or dollar cost averaging and things like that. So I would highly suggest that [clears throat] no one have excess amount of cash. So you know obviously keep your three to six months of emergency fund sitting at high yield savings account or it's like FDSC insured and stuff like that just in case if you lose your job or or medical expense or whatever it might be. But everything else should be being put to work. So I I kind of view risk as a spectrum, right? Like you have your super low risk or even like risk-f free um call that like your treasury bills, your high yield savings, your money markets and stuff like that. and then you're investing which is your highest yield. But obviously there's everything in between that too. So sometimes I might want to take a little bit approach on the maybe slightly lower risk side but still want to uh have my cash earning for me and that's where I look for yield right um and that's why I use this app called Nook Earnings which basically allows me to literally put my idle cash to work and earn on average of 7.6%. Now the way that they do that is because uh within the crypto markets uh you there's a bunch of different ways to actually earn money as well too. Risk is also a spectrum too. You could get the super high DGN thousand plus percent returns or the high single digits returns but also being on the relatively low risk side. That's what I want right now without taking on excess amount of risk. So, what Nook essentially does, it connects to those markets to be able to uh uh for retail investors to essentially get access to all of those. Now, crypto is still very very uh hard to navigate. I bet you 99% of people out there don't know how to manage their own self-custodial wallet, let alone being able to access um all these uh yield opportunities. So, Nook essentially uh uh bridges that gap and makes it super easy for someone who's never even touched crypto to be able to earn those higher yields. >> Yeah, it's pretty cool stuff. And if people want to get even an extra little boost, I think if you go to Eric's page on Instagram, he has some links that allow you to download it. I even saw Coinbase recently offering 6.95% for lending on there. >> Yeah, exactly. Okay, so a lot of these platforms are starting to offer their a very similar service where it's a higher uh yielding lending program. Uh Robin Hood also recently launched one as well too. Coinbase has one, Kraken has one. Um but what's unique about Nook is that it's the same exact infrastructure on the back end, but they connect to about more than a dozen markets rather than Coinbase and Robin Hood only connecting to a single one. So they're always trying to find you the best rates rather than being stuck into one. Yeah, I thought you might like this little AI agent that um I cooked up. Uh can you see my screen? >> Yes, sir. >> Yeah. So, this is I I'll show you a little bit more afterwards and I think my audience has seen this, but this is our app rallies that we've been building. And the idea is, you know, how can you supercharge your AIS? And so, inside of here, you can have all your portfolios connected and your bank accounts and everything so that when you're talking to Claude or you're even just chatting inside of here, it can access everything. But then you have these little uh agents that you can create. And so, this one I thought was kind of fun. This is an idle cash agent. So you connect your bank accounts and then it looks for cash sitting in low yield checking where it may be better placed elsewhere. Weighs the amount, duration, upcoming needs, right? So it looks at how much you typically spend on a month, how much comes in. And then it tells you like here's how much based on your bank and card data that you should be putting elsewhere. And then maybe it can even tie in with something like you're saying, which is like, okay, now now find me where to place it, right? And so this can even like show people like, hey, like you've got an extra 8K sitting there that could be earning you X amount per month. You know what I'm saying? Yeah, that's super cool. And where are you finding like those opportunities? Uh where where is that agent finding opportunities? >> Yeah, so that agent right now is just looking at your bank accounts and your credit card statements to basically do a month-by-month look at how much cash you have sitting idle that probably should be put to you somewhere. It's not actually finding you the place yet. That I think you would just have to, you know, go to your page, right? And then uh you you connect the other side of the dots. But we could probably build an agent for that. Like I don't think that that would be too hard. Hey, like you're going to work with this agent. You guys are co-workers and he finds idle cache and then you find where to put it and you look for the highest place that's single digits that's, you know, high reviewed by, you know, comfortability, right? And you could do something like that. >> I see. So, it just tells you like, hey, you could be earning like you have excess idol sitting over here. It's a little bit too much from your historical spending. Maybe you should move it elsewhere. >> Yeah. Exactly. Exactly. And I really do encourage people, you know, I just wanted to go over this as we kind of move to wrap up. Like I think it's important like you talked about to have growth stocks and I really like how you outline your portfolios because I do very similar in my retirement accounts. It's very structured, right? I've got a lot of broad-based diversified ETFs in there. They're doing well. Even in the market like this where things are up and down, you know, they're pretty steady and consistent. And then I've got my personal, you know, taxable brokerage, which luckily for me, since I live in Puerto Rico, is not actually taxable. Um, so it's all just like an RF IRA, everything that I trade in, which is gorgeous. Um, not actually taxable. Shout out no cap gains. >> Uh yeah, but u but still, you know, with the idea of like a taxable type brokerage, that's where I'm definitely like I've got big positions in MU and Sandisk and things like that as well. Um Tesla, Palanteer Hood, all parts of my portfolio, too. And then um I I also have been putting some cash to work, you know, over the past couple years. I think I've made, you know, over five figures um over the last year or two, you know, just by with that idol cash. And so I think that that's like I think people sometimes the numbers don't add up, but like you can make thousands and thousands of dollars doing this with money that otherwise would just be sitting. >> Yeah. With no essentially no extra effort and no additional risk, too. Because if you simply just have a couple extra thousand bucks just laying around, not being put to work, but then you ended up putting like into like a high yielding asset with no risk. You're talking about a couple hundred bucks uh each month extra. And over a course of, you know, like one or two years, you're talking about a thousand bucks right there. And you can take your different levels of risk. I mean, there's even products like um my friend Wes Gray made a product called Box Box XX, which is literally uh like buying a stock, but it is just actually a money market account. It just pays the Fed funds rate. Um and so you can actually hold it like that, which was an additional hack, by the way, for people that are in Puerto Rico, because if you buy box, it is just straight cap gains. It's not even considered income uh like you would get elsewhere. Yeah. So, that's a little trick. >> Interesting little little life hack right there. >> Yes. for if anybody. So, yeah, if you want to get stuff traded like cap gains and long-term cap gains obviously is lower sometimes than your income, you know, taxable. So, that's a little hack right there as well for people to use these pieces. But, really great having you on. Um, I think a lot of good lessons here in terms of where people are going in and letting people, you know, kind of out of here. Just a couple of quick rapidfire questions as we move to wrap up. You know, where is your next dollar going this month? Like your next allocation, the next thing that you're investing in? Yeah, I think I have my eyes on Industrials uh which is the the picks and shovels play. Um so right now this morning I actually allocate or dollar cost average into the Vanguard Industrials ETF just so I have my money deployed working for me until I do a little bit more of a deeper research and then I can rebalance that into a individual uh stock. >> Beautiful. And what do you wish someone had told you when you had $50,000 that you would tell someone now? $50,000. I feel like $50,000 is a substantial amount. Um, but not like a amount that like would absolutely change your life. But honestly, if you're around $50,000, chances are you probably don't have like that much time to be researching that much uh uh I guess like knowledge into uh investing. So I would probably just stick it within a lowcost index fund until you uh uh build up that little bit more of that foundational knowledge in so you could do these thematic type of investing. >> Is there anything that would make you raise a large cash position? >> Raise a large c like as in like sell off >> sell a bunch of stuff. Yeah. >> Yeah. Um I don't think so. Uh because at least what I think is that it's always best to stay invested. Um, you know, there was that famous uh uh study conducted by JP Morgan where they did research over a span of 20 years from January of 2000 to January of 2020 where it shows that if you missed 10 of the best trading days out of the whole entire 20 years, your returns go from 11% down to 6%. So, cut in half for missing 10 days. So, I try not to time the market. Um, I'm not going to try to pretend like I'm some genius who can really like, you know, figure out where the bottom is. So, I just leave it in there. >> I think that's well said. And my final question, if I was to give you $250,000 today, how would you allocate it? >> Okay. All right. That's that's tough. Um, >> as specific as possible. >> Okay. All right. Um, I do have a good hunch that we are starting to hit the bottom in the crypto cycles. So, as Q3 approaches closer to October, I do have some fair confidence that we'll turn around. So, uh where uh crypto prices are at right now too, say 60 65K. Um I do think that it could reach back to all-time highs. So, you're talking about a simple 2x um right then and there. So, a good portion will be into uh accumulating digital assets as of right now until that time uh starts to pivot. So that would be a good portion over there. Um if I were to say I don't know like 25% of that. Um the other like 20 like 50% would be to go into like those AI infrastructure. So like the energies, the industrials, things like that. Um and then the remaining 25% is like uh probably a little bit of dry powder here and there doing some option plays um while generating that income until I form that stronger thesis. >> Nice. There's the breakdown for everybody. Eric, pleasure having you on. Any final comments before we log off here? >> Um everyone should go to the Wolf Summit next week and I will be there. So, hope to see everyone there. >> Yeah, August 3rd, Manhattan. See everyone there. summit.wolf.finanicial. Make sure that you're following Eric at Ericnomics. It's a great handle. Check it out. You can probably see Eric at pretty much every major finance conference. He's always around. He He's probably always around. >> It's crazy. It's crazy. Great having you on. Thanks for being a part of this. Looking forward to the next one. >> Thank you so much for having me. It was a pleasure.